The European Union's AI Act aims to regulate AI systems based on risk levels.

New laws require companies to disclose data sources used to train AI models like ChatGPT.

The regulation addresses concerns over copyright infringement and data sourcing.

The Act categorizes AI applications and bans high-risk systems such as social score systems and predictive policing.

Companies like Google and Meta are hesitant to share training data, citing it as a trade secret.

This hesitation has led to lawsuits over unauthorized data usage.

The legislation has sparked debate about balancing transparency and protecting trade secrets.

French finance minister Bruno Le Maire stresses the importance of Europe leading in AI innovation and urges innovation before regulation.

Enforcement mechanisms will be in place at both national and EU levels.

The new laws will impact AI startups and tech giants as they navigate compliance and innovation.