The European Union just dropped a 144-page amendment to its AI Act that aims to tighten restrictions on American AI companies.
The big update would ban anyone from making AI models accessible in Europe unless they pass through “licensing” (read: expensive red tape).
The amendment applies to everyone, whether closed-source or open-source.
The bill would also require all “high-risk” AI projects to disclose info like data sources, functionality, and red teaming.
While intended to counter potential AI harm, the bill has the AI community worried.