WHAT THE EUROPEAN AI ACT MEANS FOR YOU, AI DEVELOPER
The EU AI Act is the world's first legislation on artificial intelligence, similar to GDPR but for AI. It introduces definitions for 'foundation models' and 'general-purpose AI systems' and sets out dos and don'ts for AI practices. The Act also focuses on trustworthy AI development and includes obligations for high-risk AI systems. The legislation is currently going through final negotiations before enforcement.