What are the main objectives of the EU AI Act?
An example of an AI chatbot conversation about the objectives of the EU AI Act.
What are the main objectives of the EU AI Act?
The EU AI Act aims to ensure that AI systems are safe, transparent, and respect fundamental rights.
How does the EU AI Act impact businesses?
It requires businesses to comply with regulations on AI usage, ensuring accountability and safety in their AI systems.
What are the penalties for non-compliance?
Penalties can include hefty fines, up to 6% of a company's global annual turnover, depending on the violation.
Are there specific sectors that are more affected?
Yes, sectors like healthcare, transportation, and finance are particularly impacted due to the high risks associated with AI.
How can companies prepare for the EU AI Act?
Companies should assess their AI systems, ensure compliance with regulations, and implement necessary changes to their practices.
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