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flag EU's AI Act, effective Aug 1, increases compliance costs for Chinese tech firms in the EU bloc.

flag The EU's new Artificial Intelligence Act, effective August 1, will increase compliance costs for Chinese tech companies operating in the bloc's 27 member states, according to industry experts. flag The act aims to protect fundamental rights, democracy, and sustainability while promoting innovation and making Europe a leader in AI. flag Some Chinese AI firms expect higher expenses and time to comply, fearing overregulation may hinder innovation.

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