The European Commission can demand to inspect AI models, restrict market access and fine providers up to 15 million euros or 3% of turnover.
Source: [CNBC](https://www.cnbc.com/2026/08/03/eu-ai-act-enforcement-powers.html)
OpenAI disrupted a Cambodia-based scam operation using ChatGPT to support investment, romance, gambling, and impersonation schemes.
Bernstein said Congress’s failure to pass the CLARITY Act’s could trigger another leg down for crypto valuations and accelerate policy support from US regulators.
Cross-posted with permission from iqraa. tech — the full guide has the complete IAM policy, SCP examples, and a 300-engineer rollout case study. Claude Code has a Bedrock mode.
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2 points, 0 comments on Hacker News
Chinese tech giant Alibaba released what it says is its largest and "most capable AI model to date," claiming performance rivaling the best systems from US frontier labs Anthropic and OpenAI, as well as domestic rivals like Moonshot AI's Kimi K3. Alibaba said it was making the model, Qwen3.