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ARTICLE · 25 MAY 2023

EU AI Act: Foundation Models And Almost At The Finish Line

Goodwin Procter LLP
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On 11 May 2023, the European Union's landmark AI Act took a giant leap forward as the EU Parliament's Internal Market Committee and the Civil Liberties Committee (EU Parliament) approved their...

European UnionConsumer Protection
Gretchen Scott
Gretchen Scott
Marie Fillon
Marie Fillon

Background

On 11 May 2023, the European Union's landmark AI Act took a giant leap forward as the EU Parliament's Internal Market Committee and the Civil Liberties Committee (EU Parliament) approved their compromise text. The draft AI Act - which brings AI systems within the EU's product liability framework - was first introduced in April 2021, headlining as the first comprehensive regulatory scheme for artificial intelligence (read our summary here). It has been undergoing revisions and significant debate since then.

The compromise text approved by the EU Parliament departs quite significantly from the draft submitted by the Council of Europe at the end of 2022 in a number of key areas, with concessions made on several sensitive and politicised topics. The changes are intended to guarantee the protection of EU fundamental rights, health and safety, environment, democracy, and rule of law. We have listed the changes we found most interesting.

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