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It looks like 'megalomaniac' Sam Altman is starting to piss off Silicon Valley: Numerous venture capitalists said the OpenAI CEO's charms are wearing off
qz.com/sam-altman-openai-silicon-valley-vc-1851368625
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Musk says xAI’s chatbot Grok will be available to all premium X subscribers : Elon Musk announced Tuesday his artificial intelligence company xAI’s chatbot Grok ...
thehill.com/policy/technology/4558257-musk-xais-chatbot-grok-available-all-premium-subscribers/
Quick Glance: New Availability of Grok AI Announced for X Premium Subscribers
- Elon Musk has officially announced that Grok, the AI chatbot from Musk's xAI, is now accessible to all X Premium users. Previously, Grok was exclusively available to X Premium+ subscribers.
- In March of this year, xAI took a significant step by releasing Grok as an open-source project. This move enables developers and researchers to leverage the powerful 'weights and architecture' behind xAI's Grok chatbot for their projects at no cost.
- The release of Grok is under the Apache 2.0 license, allowing commercial use. Reports indicate that Grok is now available on GitHub, allowing anyone to freely experiment with the 'raw' basic version of the pre-trained Grok big language models.
- Grok, the 'conversational AI for understanding the universe,' was first introduced to the public at the end of 2023. The Grok chatbot can access real-time X data, which sets it apart from competitors, aiming to establish itself as a more modern and edgy alternative to other chatbots.
Microsoft vs. ChatGPT, Amazon doubles down, Samsung laps Apple, and Big Tech wants it all: AI news roundup
qz.com/microsoft-chatgpt-amazon-anthropic-samsung-apple-ai-new-1851372676
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Microsoft customers are complaining that its Copilot AI isn't as good as ChatGPT: But Microsoft says the customers don't understand how Copilot works
qz.com/microsoft-customers-complain-copilot-not-good-chatgpt-1851371012
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Adobe has a bunch of new AI tools — and a Microsoft partnership: But Adobe did not announce any video capabilities, leaving OpenAI and its recently announced ...
qz.com/adobe-ai-tools-genstudio-microsoft-openai-video-1851367044
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Here's Proof You Can Train an AI Model Without Slurping Copyrighted Content: OpenAI claimed it's "impossible" to build good AI models without using copyrighted ...
wired.com/story/proof-you-can-train-ai-without-slurping-copyrighted-content/
Quick Glance: UN adopts groundbreaking global AI resolution
- The resolution underscores the need for guidelines for safe, trustworthy AI systems and excludes military AI.
- It promotes the positive potentials of AI, calls for bridging digital divides and ensuring equitable access to achieve UN Sustainable Development Goals.
- The resolution was a step forward to address the promises and risks of AI, aiming to support developing countries.
- Concerns regarding negative impacts of AI on human rights and data protection are highlighted, emphasizing the need for responsible regulation of the technology.
Microsoft Copilot Now Has GPT-4 Turbo for Free: What to Know: The advanced artificial intelligence model powering Copilot's Pro tier wasn't free to all until now ...
cnet.com/tech/computing/microsoft-copilot-now-has-gpt-4-turbo-for-free-what-to-know/
OpenAI’s app store draws investors and students seeking artificial aids: CEO Sam Altman wants customised chatbots to supercharge its business but data suggests ...
ft.com/content/7ca691f9-e4c7-46e8-bbc2-fe95464934f8
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OpenAI’s chatbot store is filling up with spam: When OpenAI CEO Sam Altman announced GPTs, custom chatbots powered by OpenAI’s generative AI models ...
techcrunch.com/2024/03/20/openais-chatbot-store-is-filling-up-with-spam/
Uh-oh — it looks like ChatGPT's AI model got lazy again: Some users say OpenAI's most powerful model, GPT-4, is getting lazy again, leading them to try out ...
businessinsider.com/chatgpt-openai-lazy-again-users-defecting-rivals-anthropic-claude-2024-3
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I tried using OpenAI's ChatGPT to help me move across the country: The generative AI chatbot helps with the broad picture of what I need to do ...
mashable.com/article/moving-across-country-with-ai
OpenAI says Elon Musk's lawsuit allegations are 'incoherent'
engt.co/3PjALZ4
Quick Glance: Elon Musk to Open-Source Grok by xAI this Week
- Elon Musk announces that xAI will open-source Grok, its ChatGPT rival, this week.
- The Musk-OpenAI dispute has sparked a debate on open-source AI.
- The decision to open-source Grok will help xAI join the list of companies publishing their chatbot codes.
- Musk has been a long-time advocate for open-source, with Tesla and X also open-sourcing parts of their technologies.
Sam Altman's Reddit stake worth over $600 million after first day pop on NYSE: OpenAI CEO Sam Altman was a big winner in Reddit's New York Stock Exchange debut ...
cnbc.com/2024/03/21/sam-altmans-reddit-stake-worth-over-600-million-after-nyse-debut.html
Quick Glance: Reddit Shares Surge 48% in Market Debut
- Reddit shares ended their first day of trading in New York up 48 per cent, signaling that investor appetite for initial public offerings of promising yet loss-making companies could be returning.
- While Reddit still relies on advertising for the vast majority of its revenue, it positioned its content in its IPO marketing as training grounds for AI programs and disclosed an investigation by the US Federal Trade Commission into its AI data licensing deals.
- Shares of Reddit opened on the New York Stock Exchange at $47 and surged to $50.44 after pricing at $34 in the IPO.
- Reddit's entry into public markets was long overdue, and although the allocation of shares to users and retailers poses risks, the extremely bullish sentiment from retail traders on platforms like Stocktwits indicates that the cult brand Reddit continues to hold a significant cultural presence in the social media world.
Elon Musk Releases the AI Model Behind Grok, a Competitor to OpenAI's ChatGPT
entrepreneur.com/business-news/elon-musk-xai-open-source-grok-ai-model-how-to-find-it/471319
Quick Glance: Grok-1 Chatbot Code Released - Open Source or Pandora's Box?
- Elon Musk has released the code behind the xAI chatbot Grok-1, including the network architecture and model weights. The chatbot was released under the Apache 2.0 license and has 314 billion parameters that require hardware with sufficient GPU memory to run.
- Critics have highlighted the relatively sluggish performance in benchmarks compared to other models. Grok-1 has access to real-time data via X.com and differs from other LLMs trained on data with a cutoff point in time.
- Based on The Hitchhiker's Guide to the Galaxy model, Grok-1 is intended to answer almost anything and suggest questions. The release coincides with the first anniversary of OpenAI's GPT-4 model launch, while Musk is in legal disputes with former AI colleagues.
- The release of Grok-1's code and weights aims to diverge from OpenAI's proprietary approach. Open-sourcing AI tools has sparked controversy, with concerns about potential abuse and arguments for the benefits of transparency.
Elon Musk just made his ChatGPT rival Grok open-source: Musk had teased the move as he feuds with OpenAI and its CEO Sam Altman. He has sued over the company's ...
qz.com/elon-musk-xai-grok-open-source-openai-chatgpt-1851343578
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OpenAI Tumult Raises Question of How Open an AI Company Should Be: OpenAI’s hectic past few weeks have raised a fierce debate. But first...
bloomberg.com/news/newsletters/2024-03-15/openai-tumult-raises-question-of-how-open-an-ai-company-should-be
Watch the crazy AI videos artists made with Sora: Artists used OpenAI's Sora AI tool to make an alternate reality nature documentary and a short film about a guy ...
businessinsider.com/openai-sora-ai-videos-created-by-artists-short-films-2024-3
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Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet
cnbc.com/2024/03/27/amazon-spends-2point7b-on-startup-anthropic-in-largest-venture-investment.html
Microsoft Copilot Is Now Offering GPT-4 Turbo for Free: The advanced model that powers Copilot's Pro tier wasn't free to all until now.
cnet.com/tech/computing/microsoft-copilot-is-now-offering-gpt-4-turbo-for-free/
Big Tech bosses are wading into the battle for AI expertise: Some high-profile names in Silicon Valley have been making personal appeals in a bid to attract or ...
businessinsider.com/big-tech-bosses-battle-ai-talent-zuckerberg-brin-cook-nadella-2024-3
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OpenAI's next-gen foundation model GPT-5 is coming soon: OpenAI is busily working on GPT-5, the next generation of the company's multimodal large language ...
techspot.com/news/102331-openai-next-gen-foundation-model-gpt-5-coming.html
Apple in talks with Google to let Gemini power iPhone AI features: Details: Apple is reportedly looking for a partner to power the iPhone AI features ...
business-standard.com/technology/tech-news/apple-in-talks-with-google-to-let-gemini-power-iphone-ai-features-details-124031800341_1.html
Quick Glance: Alphabet Benefits from Gemini Deal
- A significant artificial intelligence partnership from Silicon Valley led to a positive development in stocks at the beginning of the week, preceding a crucial week for the markets.
- Reports suggest that iPhones may soon receive a refresh with Google AI.
- Shares of Google parent Alphabet shot up 7% after Bloomberg reported that the search engine giant and Apple are in discussions for a deal to bring Google’s generative artificial intelligence services to Apple’s iPhones.
- The Federal Reserve will decide on interest rate cuts this week, which could potentially impact the positive sentiments on Wall Street.
Microsoft Hires DeepMind Co-Founder Suleyman to Run Consumer AI: Suleyman and his team will join from OpenAI rival Inflection AI
trib.al/YYdbVcd
Apple may use Google Gemini or ChatGPT to power the iPhone’s AI features: report: A generative AI deal between Apple and another tech giant would be significant ...
fastcompany.com/91062572/apple-iphone-ios18-generative-ai-google-gemini-chatgpt-report
Big Tech is swallowing up AI: Antitrust regulators are coming after tech giants. That hasn't stopped Apple, Amazon, and Microsoft from buying, investing in ...
qz.com/microsoft-apple-google-ai-consolidation-antitrust-scr-1851370263
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Edward Snowden Mocks AI Pessimists, Elon Musk's OpenAI Spat And More: This Week In Artificial Intelligenc
benzinga.com/news/24/03/37767518/edward-snowden-mocks-ai-pessimists-elon-musks-openai-spat-and-more-this-week-in-artificial-intellige
Exclusive: AI startup Cohere seeks $5 billion valuation in latest fundraising, source says
reuters.com/technology/ai-startup-cohere-seeks-5-bln-valuation-latest-fundraising-source-says-2024-03-21/
OpenAI's Sam Altman is about to make a ton of money from the Reddit IPO: The OpenAI CEO was revealed to be Reddit's third-largest shareholder before the social ...
qz.com/reddit-ipo-openai-sam-altman-1851327595
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Quick Glance: Reddit to Go Public: Shares Priced at $31 Expected This Month
- San Francisco-based social media company Reddit is set to go public this month, aiming to raise nearly $750 million (€686 million) through its initial public offering of common stock.
- Reddit plans to include 22 million shares of Class A common stock in the IPO, with 15.3 million shares expected to be available while selling stockholders offer about 6.7 million shares.
- The anticipated price of Reddit's shares is between $31 (€28) and $34 (€31) per share, and the company intends to utilize the proceeds for general corporate purposes, taxes, and possible acquisitions.
- In the October-December quarter, Reddit reported a net income of $18.5 million (€16.9 million) on revenue of $249.8 million (€228.6 million), primarily driven by advertising.
Political veteran Chris Lehane nearing deal to join OpeanAI, The Information reports
reuters.com/technology/political-veteran-chris-lehane-nearing-deal-join-opeanai-information-reports-2024-03-18/
Elon Musk Is Feuding With Sam Altman In A Major Lawsuit Over OpenAI — And One Appears To Already Have The
benzinga.com/news/24/03/37766544/elon-musk-is-feuding-with-sam-altman-in-a-major-lawsuit-over-openai-and-one-appears-to-already-have
NYT to OpenAI: No hacking here, just ChatGPT bypassing paywalls: OpenAI’s claim that NYT “hacked” ChatGPT is “irrelevant” and “false,” NYT says.
arstechnica.com/tech-policy/2024/03/nyt-disputes-openai-hacking-claim-by-pointing-to-chatgpt-bypassing-paywalls/
OpenAI's new robot is way ahead of Elon Musk's Optimus: Tesla's Optimus is taking baby steps while OpenAI's Figure 01 is doing burnouts on the track
qz.com/elon-musk-optimus-robot-openai-figure-video-1851334830
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OpenAI hires Musk foe Wachtell to fight lawsuit over company's mission: OpenAI has hired a law firm that Elon Musk previously sued for $90 million to defend it ...
reuters.com/legal/transactional/openai-hires-musk-foe-wachtell-fight-lawsuit-over-companys-mission-2024-03-11/
OpenAI's video generator Sora might allow nudity. Experts are worried: Sora is set to come out this year, and OpenAI's chief technology officer said it's not ...
qz.com/openai-sora-ai-video-generator-nudity-deepfake-porn-1851339498
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OpenAI may be building a voice assistant to take on Siri and Alexa: OpenAIjust filed a trademark application for "digital voice assistants" and a "voice engine ...
businessinsider.com/openai-voice-assistants-take-on-siri-alexa-sam-altman-2024-3
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OpenAI courts Hollywood over plans for video generation model Sora: Chief executive Sam Altman presented revolutionary AI capabilities to Paramount ...
ft.com/content/b063762e-4e00-4b7e-b0d0-7962c9767a58
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Sam Altman: The world doesn't need another copy of Google: Altman said he found the idea of building a better search engine than Google "boring."
businessinsider.com/sam-altman-world-does-not-need-another-copy-of-google-2024-3
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Should artists be paid for training data? OpenAI VP wouldn’t say: Should artists whose work was used to train generative AI like ChatGPT be compensated for their ...
techcrunch.com/2024/03/11/should-artists-be-paid-for-training-data-openai-vp-wouldnt-say/
Inside OpenAI’s turbo, enterprising, enlightening year: For building on the boom it generated, OpenAI is one of Fast Company’s Most Innovative Companies of 2024 ...
fastcompany.com/91033519/openai-most-innovative-companies-2024
Amazon adds $3.7 billion to its stake in AI start-up Anthropic: The additional investment shows the enormous resources that tech companies are pouring into AI.
straitstimes.com/business/amazon-adds-37-billion-to-its-stake-in-ai-start-up-anthropic
It's like ChatGPT with a body: Watch creepy demo of OpenAI-powered robot 'Figure 01'
mashable.com/article/figure-01-open-ai
Open AI’s Sora Video Tool Tries to Keep Up With Runway: Software that can create convincing video from text prompts is progressing fast, raising questions about ...
bloomberg.com/news/articles/2024-03-20/open-ai-s-sora-video-tool-tries-to-keep-up-with-runway
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After raising $1.3B, Inflection is eaten alive by its biggest investor, Microsoft
techcrunch.com/2024/03/19/after-raising-1-3b-inflection-got-eaten-alive-by-its-biggest-investor-microsoft/
Amazon stock is surging and that means some top managers won't get pay raises: The e-commerce giant's stock has climbed 85% over the past year
qz.com/amazon-stock-surge-pay-raise-top-managers-1851371045
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Quick Glance: Amazon's Senior Employees May Not Receive Cash Pay Raise
- Amazon mentioned that senior employees, who are primarily compensated in stock, may not get a cash pay raise this year.
- The pay raise for some top employees, however, will significantly exceed last year's due to the strong growth in the e-commerce giant's stock price.
- Despite strong performance, Amazon initiated job cuts across divisions at the start of the year to reduce costs.
- The issue of pay raise was initially reported by Fortune.
Musk to make AI chatbot open source amid legal battle with OpenAI: Elon Musk said Monday that his artificial intelligence (AI) company xAI will make its chatbot ...
thehill.com/policy/technology/4523975-musk-to-make-ai-chatbot-open-source-amid-legal-battle-with-openai/
Open-Source Companies Are Sharing Their AI Free. Can They Crack OpenAI’s Dominance?
wsj.com/articles/open-source-companies-are-sharing-their-ai-free-can-they-crack-openais-dominance-26149e9c
OpenAI mystery: YouTube videos, Google throttling, AI training data: AI experts assume OpenAI accesses large volumes of YouTube videos for AI model training ...
businessinsider.com/openai-youtube-videos-ai-model-training-data-google-blocks-2024-3
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How can we know if an AI is actually alive?: An AI model sometimes says it is self-aware. How do we know it’s not true?
vox.com/future-perfect/2024/3/15/24101088/anthropic-claude-opus-openai-chatgpt-artificial-intelligence-google-consciousness
Salesforce is trying to catch up in an AI arms race: Salesforce's Einstein Copilot is unique in its focus on enterprise customers, and the generative AI market ...
qz.com/salesforce-einstein-copilot-ai-market-1851367462
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Startups are paying for ChatGPT to level up their engineering power: More startups than ever are paying for ChatGPT subscriptions even as cash remains tight.
businessinsider.com/startups-are-paying-for-chatgpt-to-level-up-engineering-power-2024-3
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Sam Altman says OpenAI's latest ChatGPT ‘kinda sucks': The OpenAI CEO may be suffering from AI burnout, but he's expecting GPT-5 to be much better
qz.com/sam-altman-openai-chatgpt-4-1851346649
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Tesla Stock Gets Another Blow. This Time It’s From OpenAI.: A startup called Figure posted a demo of a humanoid robot powered by OpenAI that could compete with ...
barrons.com/articles/tesla-stock-robot-openai-figure-1-86ace6cb
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From quantum AI to photonics, what OpenAI’s latest hire tells us about its future
theregister.com/2024/03/13/quantum_openai_hire/
OpenAI expands lobbying efforts, hiring former US senator: Artificial technology company OpenAI has expanded its stable of federal lobbyists ...
reuters.com/legal/transactional/openai-expands-lobbying-efforts-hiring-former-us-senator-2024-03-12/
Sam Altman has made $30 million on Reddit's IPO. His companies are doing even better
qz.com/sam-altman-has-made-30-million-since-reddits-ipo-his-1851363622
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Tesla's lost value, China's self-driving cars, AI gets booed, but OpenAI's Sora wows: Tech news roundup
qz.com/tesla-china-self-driving-cars-ai-sora-1851339611
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Tullnerbacher Khom: “Prompt will be the new language”: Communications trainer Andrea Khom was one of the first women to specialize in artificial intelligence ...
noen.at/purkersdorf/kuenstliche-intelligenz-tullnerbacherin-khom-prompten-wird-die-neue-sprache-415407848
Nvidia has joined OpenAI in facing lawsuits for allegedly training AI on copyrighted work
qz.com/nvidia-ai-copyright-lawsuit-1851324908
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Seems like Elon Musk wanted to take over OpenAI to help save Tesla: At the same time that Elon Musk was trying to take over OpenAI, Tesla was in deep trouble ...
businessinsider.com/elon-musk-openai-take-over-save-tesla-chatgpt-sam-altman-2024-3
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Quick Glance: Elon Musk's Tesla: 10 Revealing Quotes
- March saw the release of Liftoff, followed by Power Play in August.
- Power Play sheds a darker light on Musk's business life at Tesla.
- Tesla emerges as a fragile company with high debts and talent shortage.
- The book reveals ten impactful quotes about Musk and Tesla.
Tech News Today: Arm Stock Faces Lockup Expiry and OpenAI Blasts Elon Musk: Arm Holdings stock was wavering Tuesday as the lockup period following its initial ...
barrons.com/articles/tech-stocks-arm-holdings-openai-microsoft-musk-e53784ba
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AI shows clear racial bias when used for job recruiting, new tests reveal: AI has yet to solve hiring discrimination, and it might be making it worse.
mashable.com/article/openai-chatgpt-racial-bias-in-recruiting
Who are OpenAI's new board members?: Sam Altman is rejoining the board of ChatGPT-maker OpenAI along with three new directors, as the startup tries to move past ...
reuters.com/technology/who-are-openais-new-board-members-2024-03-11/
OpenAI's robot sounds (almost) like a human - Business Punk: OpenAI has apparently created a new masterpiece: Figure 01 - a robot that doesn't look like one ...
business-punk.com/2024/03/der-roboter-von-openai-klingt-fast-wie-ein-mensch/
Studios and filmmakers should use the Sora video generator, says OpenAI: The company is giving 'big name' directors and actors access to its AI video generator — ...
mashable.com/article/openai-sora-hollywood
ChatGPT users to get access to news content from Le Monde, Prisa Media: ChatGPT users will get access to French and Spanish news content from Le Monde and Prisa ...
reuters.com/technology/chatgpt-users-get-access-news-content-le-monde-prisa-media-2024-03-13/
OpenAI’s legal battles are not putting off customers—yet : Elon Musk, the New York Times and trustbusters all want a piece of the startup
economist.com/business/2024/03/06/openais-legal-battles-are-not-putting-off-customers-yet
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Databricks acquires startup Lilac AI to beef up its LLM offerings: Databricks is buying startup Lilac AI as it looks to build out its suite of AI tools and bill ...
businessinsider.com/databricks-acquires-startup-lilac-ai-to-beef-up-its-llm-offerings-2024-3
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OpenAI's Next AI Model Could Launch This Summer, Adding New Capabilities: OpenAI's CEO Sam Altman's over GPT-4, which he says "kind of sucks ...
inc.com/kit-eaton/openais-next-ai-model-could-lauch-this-summer-adding-new-capabilities.html
The OpenAI saga's outcome leaves billionaires to shape AI: Sam Altman's triumph means the logic of hypergrowth startups will guide the technology's future.
axios.com/2024/03/11/openai-sam-altman-billionaires-ai-risk
Quick Glance: OpenAI appoints new board members, reinstates CEO Sam Altman
- Sam Altman, the CEO of OpenAI, is rejoining the company's board of directors.
- Joining alongside him are three new members, including former CEO of the Bill and Melinda Gates Foundation Sue Desmond-Hellmann, ex-Sony Entertainment president Nicole Seligman, and Instacart CEO Fidji Simo - expanding OpenAI's board to seven people.
- The appointment of the four new board members - and the reinstatement of Altman - comes after OpenAI faced criticism for its all-male board makeup and the nomination of Summers, who made derogatory remarks about women.
- OpenAI's expanded board is certainly diverse - at least in terms of their backgrounds.
UN adopts first global artificial intelligence resolution: The United Nations General Assembly has unanimously adopted the first global resolution on artificial ...
rte.ie/news/world/2024/0322/1439315-artificial-intelligence-resolution/
Quick Glance: Historic Decision: Global United Nations Agreement on AI
- The United Nations has unanimously agreed to adopt the first-ever global resolution on Artificial Intelligence to protect personal data, monitor AI, and uphold human rights.
- The non-binding agreement is widely favored in the AI industry and is seen as a significant step towards establishing international rules for ethical and sustainable AI development.
- Emerging after three months of negotiation, the resolution is hailed as a significant global consensus document on AI unanimously adopted by the United Nations.
- The initiative has been welcomed by many countries worldwide and aims to address the dangers of irresponsible AI application to safeguard human rights and fundamental freedoms.
SuperAGI snags funding from Jan Koum’s Newlands VC to fuel its full-stack AGI ambitions
techcrunch.com/2024/03/11/jan-koum-newlands-vc-superagi-funding-agi-agent-model/
EU approves landmark AI law, leapfrogging US to regulate critical but worrying new technology
cnn.com/2024/03/13/tech/ai-european-union/
AI briefing: Chips as heavy as a Ferrari - is Nvidia igniting the AI turbo?: CEO Jensen Huang draws absurd comparisons, the first analysts smell a bubble and we ...
handelsblatt.com/technik/ki/ki-briefing-chips-so-schwer-wie-ein-ferrari-zuendet-nvidia-den-ki-turbo/100016956.html
The UAE Is on a Mission to Become an AI Power: The tiny Gulf nation—using oil wealth and its citizens’ data—is betting on AI to project influence beyond its ...
time.com/6958369/artificial-intelligence-united-arab-emirates/
What OpenAI's latest news partnerships mean for the industry's future: OpenAI is trying to win over the news industry with lucrative partnerships that could ...
businessinsider.com/openai-news-partnerships-media-future-le-monde-prisa-axel-springer-2024-3
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AI has a talent shortage — meaning $1 million job offers even as tech layoffs hit hard
qz.com/tech-layoffs-high-ai-struggling-find-talent-1851368861
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Nobody Knows How to Safety-Test AI: Governments and companies are relying on safety-testing to reduce dangers from powerful AI systems ...
time.com/6958868/artificial-intelligence-safety-evaluations-risks/
Nvidia all the time, Elon Musk wants a piece, and Apple looks to Google: AI news roundup
qz.com/nvidia-ai-chips-elon-musk-apple-google-gemini-meta-1851356713
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The E.U. Has Passed the World’s First Comprehensive AI Law: E.U. lawmakers voted overwhelmingly in favor of the Artificial Intelligence Act Wednesday.
time.com/6903563/eu-ai-act-law-aritificial-intelligence-passes/
Quick Glance: EU AI Act Approved by European Parliament
- The European Parliament overwhelmingly voted in favor of the AI Act, positioning the EU as a global leader in regulating AI software.
- The legislation establishes a risk-based framework for AI, applying rules and requirements based on the level of risk associated with the use case.
- Penalties for non-compliance under the Act can reach up to 7% of global annual turnover or €35M.
- The AI Act, shaped through extensive negotiations, is expected to be fully implemented by mid-2027.
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