OpenAI, a world-renowned artificial intelligence research lab, has gained billions of dollars in funding and partnership with Microsoft – which has led to a valuation of around $29 billion. Their popularity is demonstrated through the success of their chatbot, ChatGPT. However, the company is facing possible regulation problems in the European Union, and CEO Sam Altman has “many concerns”.
The European Union is currently working on the AI regulation bill, known as the European Union AI Act. OpenAI may be required to fulfill certain obligations in order for them to continue operating. The bill proposes that companies have to share data related to their AI systems, such as the amount of computing power needed and details on training time. It also asks for a summary of any copyrighted data used to train the program.
This could have a serious effect on OpenAI, as well as jeopardize the development of AI technology in the rest of Europe. Because of this, Altman has gone on record to state, “We will try to comply, but if we cannot, then we will cease operating.”.
OpenAI is a research lab dedicated to advancing AI and making it more responsible and beneficial for humanity, predominantly through their dynamic AI research techniques. Founded in 2015, by Sam Altman, Ilya Sutskever, Greg Brockman, and others, the company has since collaborated with giants such as Microsoft and Google, raising $1 billion in 2020. OpenAI’s first major breakthrough was its GPT-2 language model – a sophisticated and advanced algorithm that could write passages of text that had not been written by a human.
Sam Altman is an American entrepreneur, investor, and programmer who is CEO of OpenAI. He is a former president of Y Corn, the accelerator he co-founded in 2005 and, succeeds Elon Musk as CEO of OpenAI. He is also the founder of the artificial intelligence company Gradient Ventures and is a board partner of the venture capital firm, Andreessen Horowitz.
