Tag: Congress

The SEC has filed lawsuits against major players in the cryptocurrency industry for violating securities laws, including Binance and Coinbase. Gary Gensler, SEC Chair, has called for greater power to regulate the market. The lack of clear guidance from the government has caused frustration on both sides of the argument. With billions of dollars and thousands of jobs at stake, the industry and regulators must work together to figure it out.

Explore the insightful views of Sam Altman, CEO of OpenAI, on artificial intelligence's rise. Learn about A.I.'s potential for positive impact, responsibility for governance and regulation, and the need for continued discussions, and reflections on innovation.

US officials are divided over AI regulation, with some supporting the EU's proposals while others fear it will harm US competitiveness. ChatGPT and Dall-E are among the AI tools at the centre of the debate, but with Congress unlikely to pass legislation, the EU is set to outline the rules tech giants like Microsoft and Alphabet must follow. OpenAI CEO Sam Altman has warned the company may pull out of the European market if the regulations are too stringent.

Recently, controversy has erupted due to Ernie Bot, a Chinese AI-based chatbot built to mimic OpenAI's ChatGPT functioning. Ernie Bot has been criticized for shunning away from sensitive topics related to the COVID-19 pandemic and Chinese President Xi Jinping to inquiries. In wake of the virus' origin, the chatbot failed to mention the possibility of laboratory leak or it being originated in China. Further, it kept mum to queries for President Xi’s potential lifetime rule and declining to comment on China's lifted "zero-COVID" policy. It has raised apprehensions about the regulations on AI chatbots.

OpenAI recently released the new ChatGPT iOS app to make communication with AI easier for Apple users. With Whisper, a voice recognition system in the app, users can get natural conversations and desired information without anything intrusive. Also, the app syncs user history between all devices making the experience as easy as possible. Get recommendations, feedback and even have AI compose poems for you! Currently available just in USA but a version for Android is in the plans.