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Comment by quonn | Hacker News Reader

This 4% rule really has teeth. It is even more interesting for Microsoft, where this would probably eat most of the profit.

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God please make them consider Microsoft the owner and calc revenue based on Microsoft's global revenue.

They should and both O̶p̶e̶n̶AI.com and Microsoft were caught by this regulator in the EU.

If this regulator knows what is best, they should definitely fine Microsoft 4% of their global revenues on top of that reckless chat history leakage incident O̶p̶e̶n̶AI.com had.

There is a reason why Google launched Bard in non-EU countries.

The poor quality of Bard answers and the fact it is able to speak only English may most likely be a more important factor

I wonder why corporations that don't have a physical presence in other jurisdictions play along. Technically, a country can block services they don't like. It really is their problem if their citizens are choosing to use a foreign service.

Is there a legal reason to play along? Trade agreement violation? Or, is it just a matter of wanting to keep those markets.

Corporations are suffered to exist at the whim of the State. Without corporate recognition, personal liability snaps into sharp relief, and suddenly guys with guns may end up knocking at your door for God knows what. Also, yes. No one wants to lock themselves out of a market over what could be easily remedied through implementation of a compliance program. That's leaving money on the table.

In short, walk with care on the feet of Caesar. For you are small, and once roused to anger, said train has not been known to quickly brake.

Capped at 20 million euros

Not so. The maximum fine for serious GDPR infringements is up to 20 million Euros or 4% of global turnover, whichever is higher.

> […], whichever amount is higher.

https://gdpr.eu/fines/

https://gdpr.eu/fines/ - 20 million euros or 4% of global turnover, whichever is higher. It's not capped; it's designed to be more harmful to smaller businesses†, but it does scale with business size.

† I mean, that's probably not the exact intention, but that is the effect of a huge monetary cap alongside the proportion of turnover. I also think 4% of turnover is problematic given the old Pinto equation (https://www.spokesman.com/blogs/autos/2008/oct/17/pinto-memo... ); I'd rather a cap set in the region of 150% of global gross profit, but capitalists would never go for that.

No. You can be fined in the billions under the GDPR if your turnover warrants it.

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