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The EU AI Act's obligations for GPAI model providers become enforceable on August 2, 2026 under Regulation 2024/1689. Providers of GPAI models placed on the market after August 2, 2025 must ensure compliance by this date, facing penalties of up to €15 million or 3% of global turnover under Article 101. Broader AI Act violations can result in fines up to €35 million or 7% of global annual turnover under Article 99. Medialaws.eu reported the core details. Latham & Watkins noted additional context. Hyperion Consulting added corroborating details.