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Microsoft stock price drops post-EU AI decision?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Stock market data, financial news outlets like Bloomberg, CNBC
Story
Microsoft Faces EU Fines Over Missing AI Risk Info, May 27 Deadline
May 17, 2024, 12:02 PM
Microsoft is facing potential fines from the European Union over missing risk information related to its generative AI tools in Bing. The EU has set a deadline of May 27 for Microsoft to address major concerns, including issues related to deep fakes and voter manipulation. Failure to comply could result in fines of up to 5% of Microsoft's daily income or up to 1% of its global annual turnover under the Digital Services Act (DSA). The EU's warning highlights significant regulatory scrutiny on AI technologies and their potential risks. The news was reported by TechCrunch and Reuters.
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