OpenAI may exit Europe over AI regulations

OpenAI may exit Europe over AI regulations


OpenAI CEO Sam Altman warns that ChatGPT may have to leave Europe if the EU’s current draft of AI regulations remains over-regulating.

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.”

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 Financial resources, Andreessen Horowitz, Sequoia Financial resources, Tiger Worldwide Management, and of 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 many of progress in a short span of time, even after it exploded in popularity earlier this year. The Artificial Intelligence (AI) tool has seen rapid adoption in the tech world, with Opera it’s worth noting that integrating an Artificial Intelligence (AI) sidebar that uses ChatGPT.

OpenAI has likewise made Bing the default search engine for ChatGPT from May 23. The feature is as of now limited to ChatGPT Plus users, with free users receiving the feature soon. Microsoft intends to set up interoperability betwixt Bing Chat, Copilot, and ChatGPT.

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