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.
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.