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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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@elenat I agree, but honestly I think that regulations are a must in this AI career. For the first time, the ethics and moral are crucial in the technology deployment and the society we are just "puppets" of the high tech companies
With penalties this high, AI providers need to rethink strategies to stay compliant and avoid fines.