Tag: EU

OpenAI's CEO Sam Altman is scouting for a European office in compliance with upcoming EU regulations. The decision will impact AI regulation enforcement.

Twitter faces backlash for withdrawing from EU's disinformation Code of Practice. EU officials warn Twitter must follow new legal obligations under DSA by 25 August or risk being removed from the European Union. Other tech giants including Google and Microsoft have committed to measuring progress in tackling disinformation. Elon Musk's Twitter has also become more compliant with government requests since taking over, despite previously advocating for social media regulation. Twitter has yet to release an official statement regarding its departure.

OpenAI, the AI technology firm behind the groundbreaking AI Text Generator, ChatGPT, has voiced concern over the EU's new AI regulations. These regulations would require AI companies to report the copyrighted material used to train their system. Sam Altman, OpenAI's CEO, supports the formation of an international AI pact for legal oversight to ensure responsible and ethical use of AI technology.

OpenAI's ChatGPT has pushed boundaries and promises to revolutionize the AI industry. CEO Sam Altman has met with world leaders to reassure them about this technology, stating it won't replace entire industries and will provide journalists with more research assistants. Microsoft and Google have since invested in OpenAI, although Elon Musk has been critical of the company. Altman is resolute, however, that the benefits of AI should be maximized and applied responsibly.

JPMorgan kicked off the AI-progress in banks by filing for a ChatGPT trademark, as reported by CNBC. This tool utilizes AI to provide customers with investment advice and with other AI-driven initiatives, JPMorgan is on track for their $1 billion goal. However, despite the competition between tech giants, the bank still restricts 3rd-party software. ChatGPT is revolutionizing banking and will play a major part in the future.