Technology · 3 August 2026
New EU powers allow regulators to inspect and fine US tech firms
Unsplash / Christian Lue
On Sunday, Brussels gained the power to assess sophisticated models, restrict local sales, and penalise companies with fines reaching 15 million euros or 3% of their annual revenue. The European Commission can penalise firms for blocking evaluations or providing misleading answers. Elisabetta Righini, a lawyer at Sidley Austin, said foreign labs with American addresses remain fully within the regulator's reach.
Reported by CNBC · How we write briefs