eu plan for risk based ai rules to set fines as high as 4% of global turnover, per leaked draft /

European Union lawmakers who are drawing up rules for applying artificial intelligence are considering fines of up to 4% of global annual turnover (or €20M,if greater) for a set of prohibited spend-cases, according to a leaked draft of the AI regulation — reported earlier by Politico that’s expected to be officially unveiled next […]

Source: techcrunch.com