ChatGPT founder OpenAI Sam Altman stated that the Artificial Intelligence (AI) platform can potentially have to leave Europe if current regulation drafts remain unchanged. He stated that the EU’s current draft of regulations was over-regulating.
The CEO of ChatGPT founder OpenAI, Sam Altman, stated on May 24 that the company can potentially consider leaving Europe if it can potentially not comply with new Artificial Intelligence (AI) regulations set by the European Union (EU). The EU is as of now working on a comprehensive Artificial Intelligence (AI) regulation, the 1st of its kind.
Sam Altman Speaks Up Against Artificial Intelligence (AI) Overregulation
Altman was speaking at an event in London, saying that OpenAI would try to comply but may have to leave if it was not possible. Speaking to Reuters, he spoke of the nature of the regulation,
“ The present draft of the EU Artificial Intelligence (AI) Act would be over-regulating, but we have heard it’s going to get pulled back. They are still talking about it.”
The regulation in question is the European Union Artificial Intelligence (AI) Act. Between other facets, it proposes classifying different Artificial Intelligence (AI) tools reports by their perceived level of risk. This will, as a result, impose obligations on governments and corporations to act accordingly.
Years in the making, EU lawmakers have eventually come to an agreement on the regulations. Following a debate, the Artificial Intelligence (AI) Act will be passed to a vote. Altman describes that there is much that may be changed, including “changing the definition of general purpose Artificial Intelligence (AI) systems.”
OpenAI Raises $175M for a Startup Fund
In the meantime, OpenAI has been raising more money. Most recently, the company acquired $175 million in financing for a startup a fund of investment. $100 Million from the funds will be allocated to the OpenAI Startup Fund and support corporations that are “pushing the boundaries of how powerful Artificial Intelligence (AI) can positively impact the world and profoundly change people’s lives.”