European lawmakers are voting for the AI Act, which aims to regulate Artificial Intelligence based on its potential to cause harm.
They planned to finalise its position by May to quickly enter into negotiations with the EU Council and Commission in the so-called trialogues. Nowadays, the most significant political issue is the stellar rise of ChatGPT. Last week, the committee discussed putting stricter obligations on foundation models like ChatGPT, notably with severe risk and quality management requirements and external audits. The EU lawmakers spearheading the work on the AI Act pitched significant obligations for providers of large language models like ChatGPT and Stable Diffusion while seeking to clarify the responsibilities alongside the AI value chain.