The European Parliament and the EU's 27 member states will need to approve the AI Act, which seeks fines of up to €35M or 7% of global turnover for violations (Bloomberg)

December 9, 2023

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Bloomberg:

The European Parliament and the EU’s 27 member states will need to approve the AI Act, which seeks fines of up to €35M or 7% of global turnover for violations — – Region couldn’t ‘let the perfect be the enemy of the good’ — Negotiators broke coffee machine working late-night deal

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