foundational models underpinning

MEPs successfully managed to include a mandatory fundamental rights impact assessment, among other requirements, applicable also to the insurance and banking sectors. AI systems used to influence the outcome of elections and voter behaviour, are also classified as high-risk,” the parliament wrote. “Citizens will have a right to launch complaints about AI systems and receive explanations about decisions based on high-risk AI systems that impact their rights.”

There was also agreement on a “two-tier” system of guardrails to be applied to “general” AI systems, such as the so-called foundational models underpinning the viral boom in generative AI applications like ChatGPT.