A document seen by TIME that was shared with officials from the European Parliament and the European Commission by the three biggest economies in the bloc over the weekend proposes that AI companies working on foundation models regulate themselves by publishing certain information about their models and signing up to codes of conduct.
The Franco-German-Italian document proposes that AI primarily be regulated based on how it's used. Foundation model developers would be required to publish certain kinds of information, such as the kinds of testing done to ensure their model is safe.
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