ChatGPT, Roblox to fall under strictest EU rules for platforms
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Re: ChatGPT, Roblox to fall under strictest EU rules for platforms
#2[dead]
Re: ChatGPT, Roblox to fall under strictest EU rules for platforms
#3Re: ChatGPT, Roblox to fall under strictest EU rules for platforms
#4> Companies that breach the DSA risk fines of as much as 6% of their annual global sales.
It's nuts that this is all they can manage. Like, take 30% or 40% -- that might actually encourage compliance.
I think they'll comply, but almost entirely not because of small fines.
Re: ChatGPT, Roblox to fall under strictest EU rules for platforms
#5"must also file transparency reports, detail risk mitigation plans and pay an annual fee to the European Commission."
This is just another shake down. Quickly becoming the least business friendly place on Earth.
Re: ChatGPT, Roblox to fall under strictest EU rules for platforms
#6> Companies that breach the DSA risk fines of as much as 6% of their annual global sales. It's nuts that this is all they can manage. Like, take 30% or 40% -- that might actually encourage compliance. I think they'll comply, but almost entirely not because of small fines.
The point of fines is to correct bad behavior, not to bankrupt businesses which create jobs.
Re: ChatGPT, Roblox to fall under strictest EU rules for platforms
#7"must also file transparency reports, detail risk mitigation plans and pay an annual fee to the European Commission." This is just another shake down. Quickly becoming the least business friendly place on Earth.
For billion dollar US megacorporations? Yes, it better be, finally (even though this is a slap on the wrist they will pay). Look at China's rules for internet companies there. Or how friendly the US was with TikTok.
Re: ChatGPT, Roblox to fall under strictest EU rules for platforms
#8"must also file transparency reports, detail risk mitigation plans and pay an annual fee to the European Commission." This is just another shake down. Quickly becoming the least business friendly place on Earth.
For billion dollar US megacorporations? Yes, it better be, finally (even though this is a slap on the wrist they will pay). Look at China's rules for internet companies there. Or how friendly the US was with TikTok.
They are slaps on the wrists AND shake downs. The fines aren't to 'correct' bad behavior. Look at the EU delivery apps being found to participate in a cartel. They received a large fine but still allowed to keep what they gained and merged companies.
Re: ChatGPT, Roblox to fall under strictest EU rules for platforms
#9> Companies that breach the DSA risk fines of as much as 6% of their annual global sales. It's nuts that this is all they can manage. Like, take 30% or 40% -- that might actually encourage compliance. I think they'll comply, but almost entirely not because of small fines.
I am for more maths in laws like these:
frist_fine = 0.06 × anual_global_sales
fine(n) = first_fine * n^x
If we take an exponent of 2 a repeat offense by OpenAI would look like this:
1st offence: EUR 1.50 billion (6%)
2nd offence: EUR 6.00 billion (24%)
3rd offence: EUR 13.50 billion (54%)
4th offence: EUR 24.00 billion (96%)
5th offence: EUR 37.50 billion (150%)
6th offence: EUR 54.00 billion (216%)Re: ChatGPT, Roblox to fall under strictest EU rules for platforms
#10> Companies that breach the DSA risk fines of as much as 6% of their annual global sales. It's nuts that this is all they can manage. Like, take 30% or 40% -- that might actually encourage compliance. I think they'll comply, but almost entirely not because of small fines.
The point of fines is to correct bad behavior, not to bankrupt businesses which create jobs.
6% is the cost of sales tax in some places. That is not considered any kind of correction to bad behavior - it's literally the cost of buying goods in a variety of places.
I'd strongly argue that 6% will not correct bad behavior.
What corrects bad behavior? The threat of serious consequences to a business.