Following marathon discussions last week, the European Union has secured a tentative agreement on the terms of the AI Act, bringing the landmark regulation closer to enactment.
While missing the original deadline for Wednesday, lawmakers managed to thrash out a deal late on Friday, just in time for the weekend. If they had not, the law would have been delayed until next year, potentially after the EU-wide elections in June.
It has not been easy trying to hit a moving target.
Billed as the world’s first comprehensive legislation for artificial intelligence, the Act was first proposed in 2021. In the years since then, the rapid development of AI has caused various divisions in the bloc’s regulatory plans.
The latest rift emerged after the explosive launch of ChatGPT last year. The OpenAI chatbot sparked panic and excitement about the power of foundation models, which are sometimes referred to as “general purpose” AI systems. EU nations were split over the best way to oversee them.
The
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