
EU AI Act fines drive enterprise AI governance to 3% of turnover
The EU AI Act may require companies to pay fines of up to 3 percent of their global turnover if they do not follow strict AI governance rules. Enterprises appear to be making AI policies a core part of their operations because of these possible fines. Experts suggest that companies should base their policies on six key principles, track all AI uses and risks, and use strong budget and enforcement controls. Real-time controls and clear ownership may help prevent violations. Regular reviews and updates to these frameworks might be needed to keep up with new regulations.













