Tag: European Union

Sam Altman, co-founder and CEO of OpenAI, caused uproar in the European Union after warning that AI regulation proposed by the EU could force OpenAI to leave the union. OpenAI, founded in 2018, is dedicated to developing safe, trustworthy, and capable AI solutions. Will the EU’s response cause a major shakeup for the AI industry?

Google's €10 million Social Innovation AI Fund has been released to help European entrepreneurs tackle challenges faced by underserved communities. This money supports the Social Tides accelerator program, offering up to €232,000 to startups. In 2021, Google will also contribute €20 million - one of the first beneficiaries is an AI app encouraging contextual reading to reduce polarisation. The Swedish social entrepreneurship space will also benefit from a portion of the funding.

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.

G7 leaders collaborate in Hiroshima AI process to establish trustful global standards for AI use, building on EU rules. OpenAI, Elon Musk, and other industry giants urge governments to carefully consider risks posed by powerful systems. Joe Biden and Japan different approaches to AI reinforcement.

OpenAI, an American research laboratory founded by tech leaders such as Elon Musk, has pioneered research in machine learning, natural language processing, and more. Sam Altman, CEO of OpenAI and Y Combinator President, spoke to the US Senate panel on the potential of AI and voiced his concerns of disruption to the labor market. Mr. Ashwini Vaishnav, India's Minister of Information Technology, spoke about the potential of AI and international collaboration to develop its framework and regulations. G7 countries are considering the potential regulations needed, and China has already drafted rules.