Does your company use AI? A wrong decision can be worth millions in fines

The EU's AI Act introduced new transparency obligations for businesses that began applying in August 2026. Companies are now required to maintain an inventory of AI tools, ensure transparency in AI interactions—such as notifying users when they are speaking to a chatbot—and manage data usage and human oversight. Non-compliance with certain forbidden practices can lead to fines of up to 35 million euros or 7% of annual global turnover.