EU Tightens AI Rules: Fines Up to €35 Million

user avatar

by Giorgi Kostiuk

2 years ago

Starting today, the European Union enforces strict regulations on AI systems deemed high-risk. Companies violating these rules may face substantial fines.

Main Provisions of the AI Act

The AI Act, approved by the European Parliament last March, came into effect in August. Companies in the EU must comply with its requirements. Violators face fines of up to €35 million or 7% of global revenue, whichever is higher.

Prohibited AI Systems

The EU has banned AI systems that manipulate human behavior or exploit vulnerabilities, as well as those that assess people by behavior or appearance for predicting crimes. Biometric surveillance and emotion-detection in schools and workplaces are also forbidden.

Corporate Reactions

Over 100 tech companies, including Google and Amazon, signed a voluntary pledge to comply with EU rules, while Meta and Apple refused due to innovation concerns. The AI Act allows law enforcement to use biometric AI systems under specific conditions.

The EU's new rules pose a significant challenge for the AI industry, requiring adherence to strict standards of safety and ethics to protect users from the risks associated with artificial intelligence.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

Optimism Releases Maintenance Update v250 for Opreth

Optimism has released Opreth version 250, a maintenance update that removes legacy commands and includes important security patches.

user avatarKofi Adjeman

Optimism Releases Maintenance Update for Rust-based Faultproof Stack

Optimism has announced a substantial maintenance release for its Rust-based faultproof stack, known as Kona host v180, which was published on October 1. This update is recommended for all chains and focuses on ensuring that two pieces of verification software derive the same answers from the same chain data.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.