AI Regulation: What is the maximum fine possible under the European AI Act? Tick the correct answer:

Question

AI Regulation:  What is the maximum fine possible under the European AI Act? Tick the correct answer:

Answer

Fines up to 70 Mio. EUR or 15% of total worldwide annual turnover for the preceding financial year (whichever is higher).

Answer

Fines up to 35 Mio. EUR or 7% of total worldwide annual turnover for the preceding financial year (whichever is higher).

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Fines up to 20 Mio. EUR or 4% of total worldwide annual turnover for the preceding financial year (whichever is higher).

Answer

Fines up to 5 Mio. EUR or 1% of total worldwide annual turnover for the preceding financial year (whichever is higher).

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