Dec. 9 (UPI) -- After three days of marathon negotiations, European Union leaders said Saturday they have reached an "historic" provisional deal to impose new regulations on artificial intelligence.
The Artificial Intelligence Act, announced by the European Council, sets out penalties for companies that use AI in ways that breach the EU's values.
"The draft regulation aims to ensure that AI systems placed on the European market and used in the EU are safe and respect fundamental rights and EU values," the Council said.
The proposed law needs to secure approval from lawmakers in each from the EU's 27 member countries to take effect, likely sometime in 2026 or after.
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