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The EU publishes the first draft of regulatory guidance for general purpose AI models

Nov 14, 2024 - engadget.com
The European Union has released its first draft of a Code of Practice for general purpose AI (GPAI) models, providing guidelines for managing risks and helping companies avoid penalties. The document covers transparency, copyright compliance, risk assessment, and technical/governance risk mitigation. It requires AI companies to disclose information about the web crawlers used to train their models and to adopt a Safety and Security Framework (SSF) for risk management. The rules also mandate continual reassessment of model data protection and access controls.

Companies that violate the AI Act could face fines of up to €35 million ($36.8 million) or up to seven percent of their global annual profits, whichever is higher. Stakeholders can submit feedback on the draft through the Futurium platform until November 28. The final rules are expected to be in place by May 1, 2025.

Key takeaways:

  • The European Union has published its first draft of a Code of Practice for general purpose AI (GPAI) models, providing guidelines for managing risks and compliance.
  • The draft addresses several core areas for GPAI makers, including transparency, copyright compliance, risk assessment, and technical/governance risk mitigation.
  • Companies that violate the AI Act can face penalties up to €35 million ($36.8 million) or up to seven percent of their global annual profits, whichever is higher.
  • Stakeholders are invited to submit feedback on the draft through the Futurium platform by November 28, and the rules are expected to be finalized by May 1, 2025.
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