Meta rejects EU's AI code, citing overreach

Meta has declined to sign the EU's voluntary code of practice for the AI Act, citing concerns about overreach and legal uncertainties. The company believes the code, which aims to help companies comply with AI regulations, will hinder AI development in Europe. Meta's decision comes weeks before the EU's rules for general-purpose AI models take effect on August 2. The EU's AI Act, a risk-based regulation, bans certain AI uses and sets requirements for high-risk applications. Other tech companies have also expressed concerns, but the EU is proceeding with its timeline.