EU passes draft law on AI regulation: What’s banned, company obligations and more

The lawmakers in the European Union (EU) voted in favour of new, tougher rules to regulate the use of artificial intelligence (AI) technology. They passed a draft law, known as the AI Act, which is aimed at placing greater restrictions on how the technology can be used based on acceptable levels of risk.

The landmark draft law includes what is completely banned, and it makes it mandatory for companies like ChatGPT maker OpenAI to disclose the data used to train their AI models. The European Parliament has adopted the draft with an overwhelming majority: with 499 votes in favour, 28 against and 93 abstentions.

It is to be noted that the final version of the AI Act, seeking to set a global standard for the technology used in automated factories for AI chatbots and self-driving cars, may not be passed until later this year.