Meta snubs the EU's voluntary AI guidelines
Briefly

Meta is not signing the European Union's Code of Practice for general-purpose AI, citing concerns about legal uncertainties and excessive regulations that could hinder development. The guidelines aim to aid AI model developers in complying with the forthcoming AI Act. Although the code is voluntary, signing it offers reduced regulatory scrutiny. Meta warns that such regulations may impede AI advancements in Europe. Over 45 companies have expressed similar concerns and requested a two-year delay in the AI Act's implementation to clarify compliance issues.
Meta's global affairs chief, Joel Kaplan, stated that the European Union's Code of Practice for general-purpose AI introduces legal uncertainties that go beyond the AI Act.
Meta chose not to sign the European Union's voluntary Code of Practice, expressing concern that it could throttle innovation and stifle development in Europe.
The EU can impose significant fines under the AI Act for non-compliance, reaching up to seven percent of a company's annual sales.
More than 45 companies, including major corporations like Airbus and Mercedes-Benz, signed a letter requesting the EU to delay the AI Act's implementation due to compliance uncertainties.
Read at The Verge
[
|
]