The European Union is developing the first "General AI Code of Conduct" for AI models based on the AI Act. According to an announcement on September 30th, the initiative, led by the European AI Office, has brought together hundreds of global experts from academia, industry, and civil society to draft a framework addressing key issues such as transparency, copyright, risk assessment, and internal governance. The launch plenary meeting, held online with nearly 1,000 participants, marks the beginning of a multi-month process culminating in a final draft in April 2025. This Code of Conduct will serve as a cornerstone for applying the AI Act to general-purpose AI models, like large language models (LLMs), and cross-sector AI systems. Working groups will convene from October 2024 to April 2025 to draft provisions, gather stakeholder feedback, and refine the Code of Conduct through ongoing consultations. (Cointelegraph)