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The European Parliament reached an agreement on the AI Act introducing stricter regulations for foundation models like ChatGPT, which will distinguish them from general-purpose AI.
The AI Act, which aims to regulate AI based on its potential to cause harm, did not initially cover AI solutions capable of handling a wide range of tasks, leading to delays. However, a compromise text on which the European Parliament reached an agreement on April 27, 2023, suggests a new approach to artificial intelligence systems like ChatGPT and similar applications.
The proposed regulations would require foundation models to undergo a thorough risk assessment before use in the EU, evaluating the model’s potential to cause harm and its ability to be controlled and monitored. The rules would also require transparency from developers about how the models were developed and how they work.