EU AI Act Enters Critical Enforcement Phase for High-Risk Systems

{“title”:”EU AI Act Enters Critical Enforcement Phase for High-Risk Systems”,”summary”:”European regulators have begun the process of auditing foundational model providers to ensure compliance with the landmark AI Act.”,”content”:”The European Commission has initiated the first wave of compliance checks under the EU AI Act, specifically targeting systems classified as high-risk. Developers of large language models are now required to provide detailed documentation on training datasets and energy consumption. Failure to comply could result in fines up to 7 percent of global annual turnover, marking a new era of accountability in the global tech sector.”,”date”:”2023-11-14″,”author”:”Marcus Thorne”,”tags”:[“Regulation”,”European Union”,”AI Ethics”,”Legal”]}