Tag: EU AI Act

OpenAI, a ChatGPT maker, is re-evaluating their European operations if proposed AI regulations deem to be too restrictive. At a London event, OpenAI CEO Sam Altman raised concerns for possible implications with the upcoming draft of the EU AI Act. OpenAI focuses on beneficial, safe, and useful AI technologies. Altman is a business leader and entrepreneur behind the company as well as the online education provider, Kwok College.

Jack Dorsey, co-founder of Twitter and Square, recently started the Bitcoin Legal Defense Fund, aiming to protect software developers from legal action and ensure their right to design and share open-source software. With 11 of 16 Bitcoin Core developers supported, they are currently fighting to maintain the MIT License and ensure open-source developers can keep contributing to the greater good. With Dorsey's influence and the collective effort, they are aiming to fight any attempt to freeze software development.

The European Union takes a major step forward in regulating generative AI technology, launching a task force for ChatGPT. This temporary ban on OpenAI's AI tool is to protect human rights and privacy, while still encouraging innovation. With the help of tech companies and influencers, the EU is creating an AI act to promote responsible AI that is free from all risks and threats.

Discover how Italy's ban on OpenAI's ChatGPT has set a worrying precedent for AI startups and European businesses, prompting additional regulation of AI and potential losses of economic opportunities. Learn how to ensure AI is managed responsibly.