The EU proposed the AI Act in April 2021, before ChatGPT existed. They were writing rules for a technology that hadn't yet detonated in public, because they had learned, at considerable cost, that writing them afterward doesn't work. The law exists, with fines of up to 7% of global turnover.

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The Great AI Misdirection: "Regulation Can't Keep Up"

AI regulation in America is not a missed opportunity but rather exactly what is being optimized for - money. This article explores why and the fundamental differences in how the EU and USA treat their citizens.

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