In theory fines in EU don’t have a ceiling. 10% fine of companys turnover with OpenAI (or any other company running on borrowed money) would be a pretty steep cost of doing business and I don’t think all (if any) of AI-hype entities could actually swallow that.
Obviously that’s just in theory, so far the fines have been a slight slap on the wrist, but mechanisms are in place to give actually meaningful fines for unethical practices. No one will go to jail tho, as EU doesn’t really have the power to jail US citizens.
Not in EU, Eu has given fines to those big tech companies before and can do it again.
Fines are just the cost of doing business.
Wake me up when corporate charters are dissolved and executives are put in prison.
In theory fines in EU don’t have a ceiling. 10% fine of companys turnover with OpenAI (or any other company running on borrowed money) would be a pretty steep cost of doing business and I don’t think all (if any) of AI-hype entities could actually swallow that.
Obviously that’s just in theory, so far the fines have been a slight slap on the wrist, but mechanisms are in place to give actually meaningful fines for unethical practices. No one will go to jail tho, as EU doesn’t really have the power to jail US citizens.
More than their profits? Their profits over course of the shittiness?
Being less bald face and trying to hide your corruption better than America doesn’t make you the good guy.