The European Union has introduced a voluntary code of practice for general purpose artificial intelligence, aiding businesses in navigating the new AI regulations set to take effect on August 2. The code emphasizes transparency, copyright protections, and the safety of advanced AI systems. Henna Virkkunen, the EU's executive vice president, stated, "This marks an important step in making AI models safe and transparent." Companies face fines of up to €35 million ($41 million) for violations.
The European Union has introduced a voluntary code of practice for general purpose artificial intelligence, aiding businesses in navigating the new AI regulations set to take effect on August 2. The code emphasizes transparency, copyright protections, and the safety of advanced AI systems. Henna Virkkunen, the EU's executive vice president, stated, "This marks an important step in making AI models safe and transparent." Companies face fines of up to €35 million ($41 million) for violations.