News Summary

• The EU’s code of practice aims to help companies implement processes and systems to comply with the bloc's legislation for regulating AI.
• On Friday, 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.
• But the Commission has held firm, saying it will not change its timeline.