https://techmonitor.ai/technology/ai-and-automation/eu-ai-act-final-text

European Union member states and legislators are poised to agree on the final wording of the EU AI Act, after almost 20 hours of non-stop negotiations. The Act, which would be the world’s first comprehensive legislation regulating AI applications and development, is expected to be unveiled later today. If member states and EU lawmakers are able to agree on a final text this week, the EU Parliament will likely vote on the legislation later this month. 

First proposed two years ago, efforts to finalise the EU AI Act ran into trouble earlier this year amid the growing popularity of generative AI. The legislation had been originally written to regulate specific use cases for AI, with provisions covering applications in everything from law enforcement to aviation. However, the emergence of ChatGPT and a subsequent wave of application-agnostic generative AI models forced lawmakers to return to the drawing board. Meanwhile, other jurisdictions have since raced ahead to define their regulatory position on AI, ranging from the interventionist posture adopted by China to the more overarching approach advocated by the US and UK.