In a move to combat the spread of misinformation and deepfakes, Spain's government has approved a bill imposing significant fines on companies that fail to label AI-generated content. This legislation aligns with the European Union's AI Act, which mandates strict transparency requirements for high-risk AI systems
The new bill classifies the failure to label AI-generated content as a "serious offence," punishable by fines of up to 35 million euros ($38.2 million) or 7% of a company's global annual turnover. The legislation aims to ensure that AI systems do not harm society by spreading misinformation or undermining democracy