AI Act moves toward final approval
By 
Kyle Brasseur2023-12-12T19:41:00
The European Union’s landmark legal framework to regulate artificial intelligence (AI) received political agreement Friday, moving one step closer to official adoption.
The deal between the European Parliament and the Council on the AI Act advances the legislation to formal approval, which would put it on track to take full effect as soon as 2026. Certain provisions of the act, such as regarding general purpose AI, would apply within the first year of its adoption and entry into force.
During the transition period, the European Commission said in a press release it would launch an “AI Pact” that companies can voluntarily commit to to begin early implementation of the AI Act’s measures. European Commission President Ursula von der Leyen said in a statement around 100 companies have expressed interest in the pact.
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