The EU's AI Act will bring significant changes for AI suppliers starting August 2, requiring member states to appoint market surveillance authorities for compliance oversight. There are concerns about delays in appointing these regulators, with some countries potentially missing the deadline. The Act also introduces penalties for breaches, with fines up to €35 million or 7% of annual turnover. Additionally, rules for general purpose AI systems will take effect, with a voluntary Code of Practice released by the Commission. Companies must comply with the AI Act, with a two-year grace period for products launched before the deadline. Teljes cikk (Euronews.com)