What is the total fine for providing incorrect or misleading information to authorities under the EU AI Act?

The total fine for providing incorrect or misleading information to authorities under the EU AI Act is indeed €20 million or 4% of global annual turnover. This level of penalty reflects the EU's strong regulatory framework aimed at ensuring compliance and accountability in AI deployment. The fines are structured to deter organizations from engaging in practices that undermine trust and safety in AI, as inaccurate information can have significant implications for regulatory oversight and public safety.

This punitive measure serves to highlight the importance of transparency and accuracy in communications with regulatory bodies. By establishing substantial fines, the EU intends to emphasize its commitment to fostering a responsible and ethical AI ecosystem.