Meta Platforms, the parent company of Facebook, has announced that it will not immediately join the European Union’s voluntary AI Pact, which aims to guide companies in preparing for the upcoming AI regulations. According to a Meta spokesperson, the company is currently focused on ensuring compliance with the European Union’s forthcoming AI Act, which will impose new regulations on the development and use of artificial intelligence.
Per Reuters, the AI Pact serves as an interim measure for businesses until the full implementation of the AI Act, which is set to take effect in August 2026. The legislation, agreed upon by EU lawmakers in May, is the first comprehensive set of rules worldwide aimed at overseeing AI technologies. Among other things, it will require companies to provide detailed reports on the datasets used to train their AI models.
The European Commission has encouraged companies to voluntarily adopt key aspects of the AI Act through the AI Pact before the official regulations come into force. This pact is intended to help businesses align with the forthcoming obligations, ensuring a smoother transition once the AI Act is fully implemented.
Related: Meta, Ericsson Lead Industry Push for Cohesive AI Rules in Europe
In a statement, Meta expressed support for the EU’s coordinated approach to regulating artificial intelligence, saying, “We welcome harmonized EU rules and are focusing on our compliance work under the AI Act at this time.” The spokesperson also hinted that Meta might join the AI Pact in the future, but did not provide a specific timeline.
The AI Act is poised to become a critical part of EU law, working alongside other major pieces of legislation, including the Digital Markets Act, the Digital Services Act, the Data Governance Act, and the Data Act. Together, these laws aim to regulate digital services, data management, and artificial intelligence in a rapidly evolving tech landscape.
Source: Reuters
Featured News
Electrolux Fined €44.5 Million in French Antitrust Case
Dec 19, 2024 by
CPI
Indian Antitrust Body Raids Alcohol Giants Amid Price Collusion Probe
Dec 19, 2024 by
CPI
Attorneys Seek $525 Million in Fees in NCAA Settlement Case
Dec 19, 2024 by
CPI
Italy’s Competition Watchdog Ends Investigation into Booking.com
Dec 19, 2024 by
CPI
Minnesota Judge Approves $2.4 Million Hormel Settlement in Antitrust Case
Dec 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand