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wouterjanl | 1 year ago
Penalties consist of fines up to EUR 35M or 7% of an undertaking's turnover, whichever is higher (article 99, ยง3 AI Act).
The prohibition will apply only from 2 February 2025 (see article 113 (a) AI Act).
Not a day too early, arguably even too late. Governments of the world, follow suit!
[1] https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L...
sofixa|1 year ago
I have to say I'm impressed by how quickly the EU managed to hash out AI regulations. I've only skimmed it but there are multiple good things there, on top of the above, like bans on critical decisions being taken only by AI, the need to have humans in the loop, the ability to be able to explain AI decisions for important things, etc.
It will definitely have kinks to iron out, but it's a good start and shows what good AI regulations could look like.
rsynnott|1 year ago