Major AI companies face compliance challenges with the European Union's AI Act, risking fines up to $38 million.

A Reuters article reveals that many AI models from major companies like Meta and OpenAI are struggling to comply with the European Union's upcoming AI regulations, particularly in cybersecurity and discrimination. The EU's AI Act, set to roll out over two years, aims to ensure responsible AI deployment. A new assessment tool by LatticeFlow found compliance gaps, with fines for non-compliance reaching up to $38 million or 7% of global revenue.

October 16, 2024
48 Articles