The EU can now inspect AI models, block market access, and fine providers 3% of turnover. The grace period is over.

The European Commission gained enforcement powers over general-purpose AI models on August 2, ending the grace period for Chapter V of the EU AI Act. The Commission can now demand to evaluate models before regional release, restrict EU market access, and fine providers up to €15 million or 3% of global annual turnover, whichever is […] This story continues at The Next Web