Sam Altman, CEO of OpenAI, raised concerns about having to adhere to the impending artificial intelligence (AI) laws that the European Union (EU) has suggested. Altman also mentioned that OpenAI may think about leaving Europe if the restrictions end up being too burdensome. The EU is presently creating what may end up being the first complete set of AI regulations in history. The new restrictions include a requirement that businesses using generative AI tools, such as OpenAIs ChatGPT, report any copyrighted materials they utilised to create their systems.At a London event, Altman asserted that OpenAI would make an effort to comply with the rules before making any choices regarding withdrawal. Although the current draft of the EU AI Act seems overly restrictive, he pointed out that there are signs that it may be amended. Altman emphasised the desire for the EU to revisit a few policies to establish a balance between promoting innovation and safeguarding societal interests.Recent developments include the fact that EU lawmakers agreed on the act earlier this month. Now that the bills specifics have been finalised, members from the Council, the Commission, and the Parliament will continue to discuss and amend it.Altman highlighted several areas in the subject that could be modified. He suggested, for example, changing the definition of “general-purpose AI systems,” a classification put forth by legislators to include AI tools with many purposes, such the Microsoft-backed ChatGPT. Altman asserted that there is a lot of scope for improvement and adjustments in the regulations that are proposed.He further informed that they have heard that its going to be pulled back by the European Union, and the current draft of the EU AI could be over-regulating. But there is still a lot that could be done in this.
