EU AI Act: Latest draft Code for AI model makers tiptoes towards gentler guidance for Big AI

Ahead of a May deadline to lock in guidance for providers of general purpose AI (GPAI) models on complying with provisions of the EU AI Act that apply to Big AI, a third draft of the Code of Practice was published on Tuesday. The Code has been in formulation since last year, and this draft is expected to be the last revision round before the guidelines are finalized in the coming months. A website has also been launched with the aim of boosting the Code’s accessibility. Written feedback on the latest draft should be submitted by March 30, 2025. The bloc’s risk-based rulebook for AI includes a sub-set of obligations that apply only to the most powerful AI model makers — covering areas such as transparency, copyright, and risk mitigation. The Code is aimed at helping GPAI model makers understand how to meet the legal obligations and avoid the risk of sanctions for non-compliance. AI Act penalties for breaches of GPAI requirements, specifically, could reach up to 3% of global annual tur ... Read full article.