What are the key global regulations affecting the tech industry?
An example of an AI chatbot conversation about global regulations in the tech industry.
What are the key global regulations affecting the tech industry?
Key regulations include GDPR in Europe, CCPA in California, and various data protection laws worldwide.
How does GDPR impact companies outside of Europe?
GDPR applies to any company processing data of EU citizens, regardless of where the company is based.
What are the penalties for non-compliance with these regulations?
Penalties can be severe, with fines reaching up to 4% of annual global turnover or €20 million, whichever is higher.
Are there any upcoming regulations that tech companies should be aware of?
Yes, many countries are drafting new regulations on AI, data privacy, and cybersecurity that could impact tech companies.
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