EU Designates ChatGPT as Very Large Online Search Engine, Reddit and Roblox as Very Large Online Platforms
The European Commission has officially designated OpenAI's ChatGPT as a 'very large online search engine' and classified Reddit and Roblox as 'very large online platforms' under the Digital Services Act (DSA). This classification applies to services with over 45 million monthly active users in the EU. These entities are now required to implement stricter measures against illegal and harmful content, submit transparency reports, provide risk mitigation plans, and pay annual fees to the EU. Non-compliance may result in fines of up to 6% of their global annual
Not investment advice.