"Companies that are found to be using any of the above AI applications in the EU will be subject to fines, regardless of where they are headquartered. They could be on the hook for up to €35 million (~$36 million), or 7% of their annual revenue from the prior fiscal year, whichever is greater."
US did a real gift to the world with "extra-territorial" laws: now EU use it everywhere too !!!! :-)
Sooooo... the GAFAM either will have to "limit" some of their AI system when used in EU (NOT including EU citizen that may be abroad, but including foreign citizen in the EU) or to be fined.
And I guess that this kind of fines may accumulate with GDPR for example...
US did a real gift to the world with "extra-territorial" laws: now EU use it everywhere too !!!! :-)
Sooooo... the GAFAM either will have to "limit" some of their AI system when used in EU (NOT including EU citizen that may be abroad, but including foreign citizen in the EU) or to be fined.
And I guess that this kind of fines may accumulate with GDPR for example...