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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

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.