Representatives from the European Commission, European Parliament and EU countries are discussing an approach that would address concerns posed by powerful large language models while also ensuring new startups aren’t overly burdened by regulation.
In a similar approach to the EU’s Digital Services Act that requires all platforms and websites to take actions to protect user data and monitor for illegal activities, the most stringent controls are reserved for the largest including Alphabet Inc. and Meta Platforms Inc.
The EU could become the first Western government to place mandatory rules on artificial intelligence with its AI Act. Under the proposed law, AI companies would have to perform risk assessments and label deepfakes, among other requirements.
Source: Australasian Lawyer
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