Story
The European Commission's formal enforcement powers under the EU AI Act (Regulation 2024/1689) take effect on August 2, 2026 for GPAI model providers. Providers placing GPAI models on the market after August 2, 2025 must comply by this date, facing fines up to €15 million or 3% of global turnover under Article 101 of the AI Act. Major model providers participated in developing the codes of practice, and adherence creates a presumption of compliance with the Act's GPAI provisions. TechRepublic reported the core details. Medialaws.eu noted additional context. ISAR Global added corroborating details.