This is the best summary I could come up with:

European Union lawmakers have agreed on the terms for landmark legislation to regulate artificial intelligence, pushing ahead with enacting the world’s most restrictive regime on the development of the technology.

“The AIAct is much more than a rulebook—it’s a launchpad for EU start-ups and researchers to lead the global AI race.”

The deal followed years of discussions among member states and politicians on the ways AI should be curbed to have humanity’s interest at the heart of the legislation.

European companies have expressed their concern that overly restrictive rules on the technology, which is rapidly evolving and gained traction after the popularisation of OpenAI’s ChatGPT, will hamper innovation.

Last June, dozens of some of the largest European companies, such as France’s Airbus and Germany’s Siemens, said the rules were looking too tough to nurture innovation and help local industries.

That event attracted leading tech figures such as OpenAI’s Sam Altman, who has previously been critical of the EU’s plans to regulate the technology.

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