ChatGPT founder OpenAI Sam Altman stated that the Artificialย Intelligenceย (AI) platform canย potentially have to leave Europe if current regulation drafts remain unchanged. He stated that the EUโs current draft of regulations was over-regulating.
The CEO of ChatGPT founder OpenAI, Sam Altman, stated on May 24 that the company canย potentially consider leaving Europe if itย canย potentially not comply with new Artificialย Intelligenceย (AI) regulations set by the European Union (EU). The EU is asย ofย now working on a comprehensive Artificialย Intelligenceย (AI) regulation, the 1st of its kind.
Sam Altman Speaks Up Against Artificialย Intelligenceย (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,
โ Theย present draft of the EU Artificialย Intelligenceย (AI) Act would be over-regulating, but we have heard itโs going to get pulled back. They are still talking about it.โ
The regulation in question is the European Union Artificialย Intelligenceย (AI) Act. Between other facets, it proposes classifying different Artificialย Intelligenceย (AI) tools reportsย by their perceived level of risk. This will, asย aย result, impose obligations on governments and corporations to act accordingly.
Years in the making, EU lawmakers have eventuallyย come to an agreement on the regulations. Following a debate, the Artificialย Intelligenceย (AI) Act will be passed to a vote. Altman describes that thereย is much that mayย be changed, including โchanging the definition of general purpose Artificialย Intelligenceย (AI) systems.โ
OpenAI Raises $175M for a Startup Fund
Inย theย meantime, OpenAI has been raising more money. Most recently, the company acquired $175 million in financing for a startup aย fundย ofย investment. $100 Million from the funds will be allocated to the OpenAI Startup Fund and support corporations that are โpushing the boundaries of how powerful Artificialย Intelligenceย (AI) can positively impact the world and profoundly change peopleโs lives.โ
OpenAI has had 7 rounds of funding so far, raising a total of $11.3 billion. The total number of investors is 12, with the group including Thrive Financialย resources, Andreessen Horowitz, Sequoia Financialย resources, Tiger Worldwide Management, and ofย course, Microsoft.
OpenAI has made its own investments. Most recently, this was EdgeDB in November 2022, where it offered $15 million.
ChatGPT Seeing Rapid Adoption
ChatGPT has been making manyย of progress in a short span of time, even after it exploded in popularity earlier thisย year. The Artificialย Intelligenceย (AI) tool has seen rapid adoption in the tech world, with Opera itโsย worthย notingย that integrating an Artificialย Intelligenceย (AI) sidebar that uses ChatGPT.
OpenAI has likewise made Bing the default search engine for ChatGPT from May 23. The feature is asย ofย now limited to ChatGPT Plus users, with free users receiving the feature soon. Microsoft intendsย to setย up interoperability betwixt Bing Chat, Copilot, and ChatGPT.
