That’s how all corporate fines should work imo
Agreed. I wonder if they are just too scared to actually do this
Not scared. Paid off.
That kind of thinking was behind how new EU regulations work - fines specified as a percentage range of global revenues. I think the biggest issue is enforcement because those companies can afford to take those things to court and delay for years.
Malicious delays should be recognised and interest should be charged as an additional percentage. Also, the EU is hardly doing enough. It's like they've been bought by these companies
100% is a percentage I'd okay with.
It's only fair, as 100% of their training data was stolen.
Or maybe the directors should go to jail. Why can people get away with breaking the law just because they hide behind a company name?
I honestly don't think EU and Asian leaders have the balls to do this (because the American government will support American companies if it comes down to it). Tougher fines that are difficult for the tech giants to swallow should be the first step
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