European lawmakers are putting their finishing touches on a set of wide-ranging rules designed to govern the use of artificial intelligence that, if passed, would make the E.U. the first major jurisdiction outside of China to pass targeted AI regulation. That has made the forthcoming legislation the subject of fierce debate and lobbying, with opposing sides battling to ensure that its scope is either widened or narrowed. Lawmakers are close to agreeing on a draft version of the law, the Financial Times reported last week. After that, the law will progress to negotiations between the bloc's member states and executive branch. The rules could set a global bar for how companies build and deploy their AI systems as companies may find it easier to comply with E.U. rules globally rather than to build different products for different regions--a phenomenon known as the "Brussels effect."