EU's race against time to finalize AI rules before year-end

European lawmakers are struggling to agree on new rules for artificial intelligence, with an agreement unlikely before December. The draft AI rules, which include regulations for foundation models and high-risk AI systems, must be approved by the European Parliament and EU member states. Spain, which holds the EU presidency, has proposed compromises to accelerate the process, such as a tiered approach to regulating foundation models with more than 45 million users. But opponents warn that smaller platforms could be just as risky. However, a final agreement is not expected in the upcoming fourth trilogue. A fifth trilogue is scheduled for early December, and failure to reach an agreement could push negotiations into next year, according to Reuters.