EU to Finalize Landmark AI Act to Regulate AI platforms

EU negotiators have reached a consensus on regulations for generative artificial intelligence (AI) tools, including platforms like OpenAI’s ChatGPT and Google’s Bard. The agreement, part of the proposed AI Act, is the result of discussions involving representatives from the European Commission, European Parliament, and member countries. Policymakers aim to strike a balance between protecting European AI startups and addressing potential societal risks. The ongoing effort reflects the urgency to pass regulations before the upcoming European elections in June.