Palihapitiya warns EU AI Office can fine 3 percent of global revenue from August 2 for unexplainable systems
“In three days, on August 2, the EU's AI Office can start fining companies up to 3 percent of global revenue, or 15 million euros, for AI systems they cannot explain. The obligations can reach back to violations from August of last year. Most CEOs I talk to are reading that as”
Palihapitiya warns EU AI Office can fine 3 percent of global revenue from August 2 for unexplainable systems
“In three days, on August 2, the EU's AI Office can start fining companies up to 3 percent of global revenue, or 15 million euros, for AI systems they cannot explain. The obligations can reach back to violations from August of last year. Most CEOs I talk to are reading that as”
Palihapitiya notes bipartisan House bill requiring legacy system inventory proves need to legislate basics
“There is a bipartisan bill in the House right now that would require federal agencies to produce an inventory of their legacy systems along with a five year plan for each one. Think about what it means that this has to be legislated. These systems were built by a rotating”