Meta said on Friday that it won't sign the European Union's new AI code of practice. The guidelines provide a framework for the EU's AI Act, which regulates companies operating in the European Union.

Microsoft will likely sign the European Union's code of practice to help companies comply with the bloc's landmark artificial intelligence rules, its president told Reuters on Friday, while Meta Platforms rebuffed the guidelines.

The AI Act applies to AI models that the commission deems to carry systemic risks that could significantly affect "public health, safety, fundamental rights, or society," reports Reuters. It also includes the most well-known "foundational models" from companies like Meta, OpenAI, Google, and Anthropic.