EU enforces restrictions under landmark AI law: What it means for AI companies like OpenAI, Microsoft, Google, and Meta
The EU has enacted its AI Act, enforcing stringent regulations on AI technologies. The law prohibits applications posing 'unacceptable risks,' such as social scoring and real-time facial recognition. Companies must comply or face fines up to 35 million euros or 7% of global revenue. Full compliance for 'high-risk' AI developers is required by August 2027.
The EU has enacted its AI Act, enforcing stringent regulations on AI technologies. The law prohibits applications posing 'unacceptable risks,' such as social scoring and real-time facial recognition. Companies must comply or face fines up to 35 million euros or 7% of global revenue. Full compliance for 'high-risk' AI developers is required by August 2027.
