Conversations with OpenAI’s Sam Altman; Paymate to Resubmit IPO Papers

Large companies operating in the artificial intelligence (AI) space should be regulated but this should not affect startups, according to Sam Altman, founder and CEO of OpenAI that developed ChatGPT. He called for no regulation on smaller companies and stated that newer and better jobs should emerge, despite the potential for job losses. Altman added that AI is under-hyped in the long term, and that investors can’t calculate the worth of companies building AI products in the short term. In other news, Ajay Adiseshan, founder of Paymate, reveals the fintech firm is tapping international markets, including Gulf countries and South East Asia, ahead of filing fresh IPO papers. Meanwhile, Zomato is building an AI team to integrate AI into various customer-facing features, while Ola Electric is reportedly in talks with NR Narayana Murthy’s investment firm, Catamaran, to help raise $300m in a current funding round, following competitor Ola Cabs’ IPO.