Markets

OpenAI is considering leaving Europe amid new AI regulations

OpenAI Sam Altman, the creator of ChatGPT, said the AI ​​platform may have to leave Europe if current draft regulations remain unchanged. He said the current draft EU regulations were too regulated.

Sam Altman, CEO of OpenAI, the creator of ChatGPT, said on May 24 that the company may consider leaving Europe if it cannot comply with new artificial intelligence regulations set by the European Union (EU). The European Union is currently working on a comprehensive regulation of artificial intelligence, which is the first of its kind.

Sam Altman speaks out against over-regulation of artificial intelligence

Altmann was speaking at an event in London, saying OpenAI would try to comply but might have to leave if that wasn’t possible. Talking to Reuterstalk about the nature of the organization,

The current EU draft law on artificial intelligence would be over-regulatory, but we have heard that it will be withdrawn. They’re still talking about it.”

The regulation in question is the EU law on artificial intelligence. Among other aspects, it proposes to classify different AI tools according to the perceived level of risk. This, in turn, imposes obligations on governments and companies to act accordingly.

After years of preparation, EU lawmakers have finally reached an agreement on the rules. After the debate, the AI ​​law will be passed to vote. There’s a lot that can change, Altman explains, including “changing the definition of general-purpose AI systems.”

OpenAI raises $175 million startup fund

Meanwhile, OpenAI is raising more money. Recently, the company acquired $175 million in startup investment fund financing. $100 million of the money will go to the OpenAI Startup Fund and support companies working to “push the boundaries of how powerful AI can impact the world and profoundly change people’s lives.”

OpenAI funding rounds: Crunchbase

OpenAI had it Seven rounds of financing To date, he has raised a total of $11.3 billion. The total number of investors is 12, including Thrive Capital, Andreessen Horowitz, Sequoia Capital, Tiger Global Management and, of course, Microsoft.

OpenAI has made its own investment. Most recently, this was EdgeDB in November 2022, bidding $15 million.

ChatGPT seeing rapid adoption

ChatGPT has made great progress in a short period of time, even after it exploded in popularity earlier in the year. The AI ​​tool has seen rapid adoption in the tech world, with Opera in particular integrating the AI sidebar ChatGPT.

OpenAI has also made Bing a default search engine for ChatGPT as of May 23rd. The feature is currently limited to ChatGPT Plus users, free users will receive the feature soon. Microsoft plans to create interoperability between Bing Chat, Copilot, and ChatGPT.

Disclaimer

Adhering to the Trust Project’s guidelines, BeInCrypto is committed to providing unbiased and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently check the facts and consult with a professional before making any decisions based on this content.

Leave a Reply

Your email address will not be published. Required fields are marked *