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<ul class="news-points"> 
 <li>EU participants have agreed to a set of controls for generative AI tools like ChatGPT and Bard.</li> 
 <li>The group came closer to a formal agreement that would lead to the establishment of an AI Act.</li> 
 <li>Policymakers are finalizing the language and trying to get the Act passed before the European elections in June 2024.</li> 
</ul> 
Delegates from the European Commission, the European Parliament, and 27 member countries are close to an agreement over a wide-reaching regulation of artificial intelligence in the Western world. Following an elongated meeting, participants have agreed to a set of controls for generative AI tools like OpenAI Inc.’s ChatGPT and Google’s Bard. 
At the end of the meeting, which lasted several hours, the group came closer to a formal agreement that would lead to the establishment of a piece of legislation known as the AI Act, according to some of the participants who chose to remain anonymous. 
Bloomberg reported that an AI Act would set the tone for regulating generative AI tools like ChatGPT and Bard. It would mark a landmark policy for overseeing the AI industry in the absence of any meaningful action by the U.S. Congress. The <a href="https://www.bnnbloomberg.ca/eu-nears-deal-to-regulate-chatgpt-other-ai-tech-in-landmark-act-1.2008299" target="_blank" rel="nofollow">report</a> noted that the AI …
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EU Moves Closer To Regulating AI Tools Like ChatGPT and Bard

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