The AI Act has received the approval of the various European Union member states. For the AI Act it was in particular important to get the approval of Germany, France and Italy. The Act is now in the final line to final finalization and implementation.
France, Germany and Italy previously threw in a mutual agreement to weaken the content of the AI Act. Among other things, the countries did not want sanctions attached to the legislation. In addition, the focus was to move away from foundation models and go to AI tools.
The final content of the AI Act is far from that vision. For example, general models must provide technical documentation to the EU, are subject to extra risk assessments, and must comply with existing copyright laws. Sanctions are also in place in the form of monetary fines. These fines can reach up to €35 million.
This content received unanimous approval from EU member states last weekend. It will now be submitted to the European Parliament. After that approval, it won’t be long before the AI Act comes into effect. However, the EU is opting for a familiarisation period here, meaning that a list of banned AI tools will not be introduced until six months later.