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If open weight models are the future, U.S. AI companies are going to have a hard time (www.fastcompany.com)
submitted 3 months ago by to c/technology@lemmy.world
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[–] 6 points 3 months ago (3 children)

Not in EU, Eu has given fines to those big tech companies before and can do it again.

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  • [–] 13 points 3 months ago (1 child)

    Fines are just the cost of doing business.

    Wake me up when corporate charters are dissolved and executives are put in prison.

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  • [–] 1 point 3 months ago

    Fines are just the cost of doing business.

    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.

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