Meta Declines to Sign EU's AI Code of Practice, Citing Regulatory Concerns

Meta has announced its decision not to sign the European Union's Code of Practice for general-purpose AI models, expressing concerns over potential legal uncertainties and regulatory overreach. The company's Chief Global Affairs Officer, Joel Kaplan, stated that the code introduces uncertainties for model developers and measures beyond the scope of the AI Act. This decision aligns with apprehensions from other major European businesses regarding the impact of stringent AI regulations on innovation and competitiveness. Meta's move underscores ongoing debates about balancing regulatory oversight with fostering technological advancement in the AI sector.