I admit that I am biased enough to immediately expect the AI agreement to be exactly what we need right now if this is how Meta reacts to it. Which I know is stupid because I genuinely have no idea what is in it.
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I did not read it yet, only familiar with the previous AI Act https://artificialintelligenceact.eu/ .
If I'd were to guess Meta is going to have a problem with chapter 2 of "AI Code of Practice" because it deals with copyright law, and probably conflicts with their (and others approach) of ripping text out of copyrighted material (is it clear yet if it can be called fair use?)
Yes.
https://www.publishersweekly.com/pw/by-topic/digital/copyrig...
Though the EU has its own courts and laws.
And acquiring the copyrighted materials is still illegal - this is not a blanket protection for all AI training on copyrighted materials
Unless the courts are willing to put injunctions on any model that made use of illegally obtained copyrighted material - which would pretty much be all of them.