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ARTICLE · 23 MAY 2023

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Major Developments In EU's AI Regulatory Landscape

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

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The latest compromise text of the AI Act was voted on today by the leading parliamentary committees of the European Parliament.

European UnionIntellectual Property
Leo Moore
Leo Moore
Barry Scannell
Barry Scannell
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The latest compromise text of the AI Act was voted on today by the leading parliamentary committees of the European Parliament.

They agreed to give the go ahead to the Parliament's Compromise Text of the AI Act (Compromise Text), allowing for plenary adoption in a matter of weeks.

Some of the more noteworthy elements deal with the new application of the proposed AI Act to foundation models (such as ChatGpt, GPT4, Llama, etc).

Foundation Models

Foundation models are included in the Compromise Text and are defined as an AI model that is trained on broad data at scale, is designed for generality of output, and can be adapted to a wide range of distinctive tasks.

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