The European Commission has expanded its authority to oversee the world’s most advanced artificial intelligence systems, giving regulators new powers to scrutinize general-purpose AI models before they are released across the European Union.
Under the EU AI Act’s latest enforcement phase, regulators can demand model evaluations from leading AI developers before deployment and restrict the availability of systems deemed to pose significant risks, CNBC reported. Companies that violate the rules could face fines of up to $17 million (€15 million) or 3% of annual global revenue, whichever is higher.
