Saturday, December 9, 2023

The European Parliament and the EU's 27 member states will need to approve the AI Act, which seeks fines of up to €35M or 7% of global turnover for violations (Bloomberg)

Bloomberg:
The European Parliament and the EU's 27 member states will need to approve the AI Act, which seeks fines of up to €35M or 7% of global turnover for violations  —  - Region couldn't ‘let the perfect be the enemy of the good’  — Negotiators broke coffee machine working late-night deal



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US Commerce Secretary Howard Lutnick says consumer electronics exempt from tariffs may be included in semiconductor tariffs likely coming in "a month or two" (Aime Williams/Financial Times)

Aime Williams / Financial Times : US Commerce Secretary Howard Lutnick says consumer electronics exempt from tariffs may be included in s...