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Should AI providers worry about EU AI Act?
The EU AI Act came into force yesterday, with penalties of up to €35 million or 7% of annual turnover.
How is this really affecting those creating real AI?
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Elena Tsemirava
The business climate in the EU is already bad, and instead of improving it, they come up with new restrictions. Bravo!
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With penalties this high, AI providers need to rethink strategies to stay compliant and avoid fines.
The penalties are steep, so AI providers need to ensure their systems are compliant from the start.
@m_hassan_sajjad Sure... But my point is that I am not sure that companies and "media" is really worried about this regulations. The hace other issues more important than comply with this.
What do you think?