Overview

• Meta’s global affairs chief Joel Kaplan announced on LinkedIn that the EU’s voluntary AI code introduces legal uncertainties and goes beyond the AI Act’s intended scope.
• Competitors OpenAI and Mistral have signed the code, with Microsoft reportedly preparing to join, reflecting broad industry support for a voluntary compliance framework.
• More than 110 firms including Airbus, ASML and Siemens have urged EU leadership to delay enforcement of the AI Act by two years to address compliance costs and legal ambiguity.
• The AI Act takes effect on August 2 and will impose binding transparency, safety and copyright requirements on general-purpose AI providers with fines of up to 7% of global turnover.
• Meta is reportedly offering signing bonuses up to $100,000, exploring a multibillion-dollar deal for AI startup Scale and commercializing its Llama model as it accelerates its AI strategy.