OpenAI CEO Sam Altman has said that while he is against regulating small AI start-ups, he supports regulating larger companies, such as his own. Speaking during a conference in New Delhi, Altman, who heads the firm behind AI chatbot ChatGPT, said he was meeting industry leaders and heads of state to discuss advances in AI. Altman recently threatened to withdraw OpenAI from Europe over the EU’s AI rules, prompting accusations of blackmail. Microsoft has invested billions in OpenAI, integrating its offerings with its own platform features and services.
Mark Zuckerberg, CEO of Meta, has announced that Facebook and Instagram verification is being rolled out in India, costing INR699 ($9.3) per month on iOS and Android. A web-based plan will be released later. Users who are at least 18 and not operating a business can pay for verification by authenticating their government-issued ID, in return for blue tick verification and protection from impersonation, along with support for account issues. However, paying for a blue tick does not guarantee content will go viral, with Meta saying it was removing increased reach for extra test countries, including India.
The UK Financial Conduct Authority’s (FCA) new rules requiring further warnings and restrictions on buyers of crypto assets will come into effect from October. Reflecting that many buyers experience regret after their hastily made purchases, an FCA spokesperson noted the sector remains both unregulated and highly risky. New measures will include a 24-hour cooling-off period, the withdrawal of refer-a-friend promotion campaigns, and more strongly worded warnings reminding buyers that they could lose all their investments.
