AI Foundation Model Transparency Act of 2023

This bill requires large AI model providers (those generating over 100,000 monthly outputs or serving 30,000+ users) to disclose specific transparency details about their foundation models. Covered entities must submit to the FTC and make public information about training data sources, model composition, safety evaluations for high-risk areas (like healthcare, hiring, and finance), and performance metrics. The FTC will establish regulations within 9 months, mandating standardized disclosures on websites and a central FTC portal, using machine-readable formats. Enforcement treats violations as unfair/deceptive practices under the FTC Act, with annual updates to the standards.