<p style="margin: 0px; text-align: justify;">European leaders have approved new rules today to regulate Artificial Intelligence, ahead of a landmark vote that could pave the way for the world's first legislation on the technology. The rules will also regulate foundation models or generative AI like the one built by Microsoft-backed OpenAI.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;">According to media reports, two committees in the European Parliament on civil liberties and consumer protection  endorsed the provisional legislation to ensure that AI complies with the protection of fundamental rights. A vote in the legislative assembly is scheduled for April.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The AI legislation aim to set guardrails on a technology being used in several industries, ranging from banking and cars to electronic products and airlines, as well as for security and police purposes.</span></p>