🤖 EU reps are reportedly cooking up new regulations for AI bigwigs like Meta's Llama 2 & OpenAI's GPT-4! But don't worry, startups won't be overburdened. The AI Act aims to keep large language models in check, much like the Digital Services Act. It's still in the early stages, but if passed, it'll be among the first Western AI rules. So, what's on the menu? Risk assessments, AI-generated content labels, and a ban on biometric surveillance. Bon appétit! 🍽️