The AI Act is done. Here’s what will (and won’t) change
The companies with the most powerful AI models, such as GPT-4 and Gemini, will face more onerous requirements, such as having to perform model evaluations and risk-assessments and mitigations, ensure cybersecurity protection, and report any incidents where the AI system failed. Companies that fail to comply will face huge fines or their products could be banned from the EU. It’s also worth noting that free open-source AI models that share every detail of how the model was built, including the model’s architecture,…