Representatives from the European Union are reportedly negotiating a plan to place additional regulations on the largest artificial intelligence (AI) systems under the forthcoming AI Act, Bloomberg reported on Oct. 7.
Negotiators from the European Commission, European Parliament, and EU member states are said to be in talks to address concerns surrounding large language models (LLMs), which are the underlying technology for AI chatbots. Citing sources close to the matter, the report added that these representatives are also exploring ways to regulate the segment without curtailing the operations of startups.
Bloomberg reported that the agreement is still in its preliminary stages and that a draft is subject to change and has not been finalized yet.
The upcoming AI Act and the new proposed regulations for LLMs were reportedly similar tired approach to the EU’s Digital Services Act (DSA).
The DSA was a newly implemented measure to ensure platforms and websites have standards to protect user data and monitor illicit activities. However, the act’s strictest controls are reserved for the largest platforms, such as Alphabet Inc. and Meta Platforms Inc.
The EU’s AI Act is poised to become one of the first sets of mandatory rules for AI enforced by a Western government.
Under the proposed law, AI companies are required to conduct risk assessments and label deepfakes, among other requirements. According to Bloomberg, negotiators aim to finalize the legislation by year-end and hone in on a deal at the Oct. 25 meeting.
Meanwhile, in the East, China has already ratified its own AI regulations carried out since August. Since the implementation of its AI laws, more than 70 new AI models have already been released.