News Summary

• Meta has refused to sign the European Union’s code of practice for its AI Act.
• The code is designed to help companies implement processes and systems to comply with the bloc's legislation for regulating AI.
• The EU published guidelines for providers of AI models ahead of rules that will go into effect on August 2.
• Tech companies from across the world, including those at the forefront of the AI race like Alphabet, Meta, Microsoft, and Mistral AI, have been fighting the rules, even urging the European Commission to delay its rollout.