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The European Union's AI Act (Regulation 2024/1689) enters its next enforcement phase on August 2, 2026, requiring general-purpose AI (GPAI) model providers to comply with new transparency, documentation, and copyright compliance requirements. Major model providers including OpenAI, Google, Anthropic, and Meta must implement mandatory disclosures about training data, model capabilities, and risk assessments. Non-compliance penalties can reach up to 3% of global annual turnover. This marks a critical turning point in global AI governance as the EU becomes the first major jurisdiction to enforce comprehensive AI regulation. MIT Technology Review reported the core details. Fieldfisher noted additional context.