• Source:JND

SAM ALTMAN, CEO of OpenAI, the company behind the viral chat model ChatGPT, had earlier expressed plans to shut operations in the European Union if the underlying technology was "overregulated," according to Reuters. However, in the latest statement, Altman said it had no plans to depart from Europe.

EU is brainstorming on rules to regulate AI. According to BBC, it could possibly be the first to legislate on artificial intelligence. The ultimatum to exit the EU from the top boss drew wide media coverage across the globe. But it soon transitioned into a U-turn.

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Taking to Twitter, the CEO shared this update: "Very productive week of conversations in Europe about how to best regulate AI! We are excited to continue to operate here and of course have no plans to leave."

The upcoming laws may require these AI tools to cite the details of the copyrighted material used to churn out images and text during their training. Copyright activists have flagged accusations of AI research firms using works of creative artists, musicians and more to train their AI systems.

According to Time magazine, the chief is concerned that it would be tough to comply with the transparency and safety requirements of the AI rules.

ChatGPT CEO also met Rishi Sunak, Prime Minister of the UK, along with the chiefs from Anthropic and DeepMind to discuss risks of AI, such as disinformation and its threats to national security and more. The PM believes AI can "positively transform humanity" and bring in emerging opportunities for the betterment of public services. However, on the other hand, some experts have even argued that artificial intelligence could be a threat to humanity.

Meanwhile, before the EU legislations come into force, the European Commission plans to devise an AI agreement with Alphabet, the parent company of Google, adds the report. "Sundar [Alphabet CEO] 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," Thierry Breton, Industry Chief of EU said.

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