The EU AI Act enforcement has officially begun, with companies facing fines for non-compliance with the new regulations. The regulatory body will oversee the development and deployment of AI systems, ensuring that they meet the required standards for safety, transparency, and accountability.

Implications

The enforcement of the EU AI Act has significant implications for companies operating in the EU, with over 100 companies expected to be affected. Those found to be non-compliant may face fines of up to €20 million.

The EU AI Act regulatory body has already issued fines to several companies, with a total value of €10 million.
'The EU AI Act is a significant step forward in regulating AI development and deployment, and we're committed to ensuring that companies comply with the new regulations,' said a regulatory body spokesperson.