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…
Here's what EU AI Act is actually about: https://softwarecrisis.dev/letters/the-truth-about-the-eu-ac...
And no wonder the (mostly American) AI industry is so outraged by it: it requires accountability.