The CEO of the business that created ChatGPT has stated that if a planned regulation on artificial intelligence (AI) is not followed, the company may consider leaving the EU.
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The regulation that the EU intends to enact may be the first to directly govern AI.
Additionally, it may force firms using generative AI to disclose which protected content was used to train their systems to generate text and visuals.
According to Sam Altman of OpenAI, the present draught of the EU AI Act will overregulate.
However, we have heard that it will be pulled back.
Many in the creative sectors charge that AI firms utilize the work of actors, singers, and artists to teach machines to mimic their performances.
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However, according to Time magazine, Mr. Altman is concerned that OpenAI won't be able to adhere to certain of the AI Act's safety and transparency standards.
At a University College London event, Mr. Altman said that he was certain AI could increase job creation and decrease inequality.
In order to examine the hazards of the technology, which range from misinformation to threats to national security and even "existential threats," as well as the voluntary activities and regulations necessary to handle them, he also met with Prime Minister Rishi Sunak and the leaders of the AI businesses DeepMind and Anthropic.
Some researchers worry that the existence of mankind may be threatened by highly sophisticated AI systems.
But Mr. Sunak claimed that AI may "positively transform humanity" and "deliver better outcomes for the British public, with emerging opportunities in a range of areas to improve public services".
The leaders of the US, UK, Germany, France, Italy, Japan, and Canada agreed that developing "trustworthy" AI must be "an international endeavor" during the G7 meeting in Hiroshima.
Additionally, the European Commission wants to create an AI agreement with Alphabet, the parent firm of Google, before any EU law is implemented.
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According to EU industry head Thierry Breton, who met with Google CEO Sundar Pichai in Brussels, international collaboration is crucial for regulating AI.
"Sundar and I agreed that we cannot afford to wait until AI regulation actually becomes applicable - and to work together with all AI developers to already develop an AI pact on a voluntary basis ahead of the legal deadline," stated Mr. Breton.
According to Tim O'Reilly, creator of O'Reilly Media and a veteran of Silicon Valley, legislating openness and creating regulatory institutions to enforce responsibility would be the ideal place to start.
"AI fearmongering, when combined with its regulatory complexity, could lead to analysis paralysis," he said.
Companies developing sophisticated AI must collaborate to develop a complete set of metrics that can be frequently and reliably presented to regulators and the general public, as well as a procedure for upgrading those measures when new best practices arise.