Seems to EU is determined to cripple their AI industry at all costs, we already have so little technology companies... Foundation models are labelled as 'high risk'! In my opinion this is way too premature... this would cripple open source AI as well... > While the act includes open source exceptions for traditional machine learning models, it expressly forbids safe-harbor provisions for open source generative system…
ALL the regulatory activity mentioned in the article is related to "high-risk" AI systems, which are specifically:
- where the AI is part of a safety system, and where that safety system already needs to undergo conformity assessment.
OR
- where the AI system poses a significant risk of harm to the health, safety or fundamental rights of natural persons - for very specific use-cases
https://www.europarl.europa.eu/resources/library/media/20230... (p122-125)