From Meta to Airbnb, Companies Flag Risks Dealing With EU AI Act

Over 70 U.S. companies, including Meta and Airbnb, are highlighting potential risks from the EU's AI Act in their financial disclosures. This regulation imposes compliance costs and could force changes in product offerings. Firms express concerns about civil claims, fines for breaches, and ambiguity in the law's requirements. The Act's enforcement could apply differently across EU member states, adding to uncertainty. Companies emphasize the importance of understanding these regulations for operating in or entering the EU market.

https://news.bloomberglaw.com/financial-accounting/from-meta-to-airbnb-companies-flag-risks-dealing-with-eu-ai-act

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