EU Approves New Rules to Guard AI and Innovation
• EU politicians approve new rules to regulate AI and protect fundamental rights ahead of landmark vote • AI Act aims to set guardrails on AI technology used across industries while boosting innovation • Rules will regulate generative AI models like those from OpenAI trained on large datasets • Act bans indiscriminate scraping for facial recognition databases, with exemptions for law enforcement • Big tech companies concerned about requirements for transparency and testing of AI systems