<ul data-eligibleForWebStory="false"><li>The European Commission has published a final voluntary framework, the General-Purpose AI Code of Practice, to help AI companies comply with the EU's AI Act.</li><li>The code clarifies legal obligations for providers of general-purpose AI models, especially those posing systemic risks like aiding in the development of weapons.</li><li>The EU AI Act classifies AI applications into risk categories and imposes obligations for compliance. Companies must adhere to the act, with potential fines up to 7% of global annual revenue.</li><li>The code includes chapters on Transparency, Copyright, and Safety and Security, aiming to assist AI companies in demonstrating compliance, copyright law adherence, and managing systemic risks respectively.</li></ul>

EU Publishes Final AI Code of Practice to Guide Compliance for AI Companies

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