France is now backing landmark European Union rules governing artificial intelligence subject to strict conditions, an EU diplomatic source said on Friday, after sources had previously said it was the last holdout in the bloc to support the plan.
Such conditions include balancing transparency and protecting business secrecy as well as implementing obligations for high risk AI systems without administrative overload, the official said.
The aim is to allow competitive AI models to develop in the bloc, added the official who declined to be named because they were not authorized to publicly comment on the issue.
Related: Here’s What’s Next for the EU’s Landmark Artificial Intelligence Act
French AI start-up Mistral, founded by former Meta and Google AI researchers, and Germany’s Aleph Alpha have been lobbying their respective governments on the issue, sources said.
Ambassadors of the 27 EU countries will formally endorse the AI Act at 1400 GMT.
The next step for it to become legislation is a vote by a key committee of EU lawmakers on Feb. 13 and the European Parliament vote either in March or April.
EU countries and lawmakers had reached a political deal in December last year.
Topics InsurTech Data Driven Artificial Intelligence Europe France
Was this article valuable?
Here are more articles you may enjoy.
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance 
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Viewpoint: How Will the Middle East War Affect the Insurance Sector? 
