OpenAI against regulation of smaller AI startups - CEO


Sam Altman, CEO of Microsoft-backed OpenAI and ChatGPT creator speaks during a talk at Tel Aviv University in Tel Aviv, Israel June 5, 2023. REUTERS/Amir Cohen

NEW DELHI (Reuters) - OpenAI is against regulating smaller startups in the field of artificial intelligence, Sam Altman, Chief Executive of the firm behind ChatGPT, said at a conference in India's New Delhi.

"We have explicitly said there should be no regulation on smaller companies. The only regulation we have called for is on ourselves and people bigger," he said, speaking at an event hosted by national daily Economic Times.

Altman is on a whirlwind tour around the world, meeting heads of states of several countries.

OpenAI has so far raised $10 billion from Microsoft at a valuation of almost $30 billion as it invests in building computing capacity.

(Reporting by Munsif Vengattil in New Delhi and Kashish Tandon in Bengaluru; Editing by Kirsten Donovan)

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

Elon Musk must face fraud lawsuit for disclosing Twitter stake late
Russian court rejects Apple appeal against abuse of dominant market position - RIA
Netflix plans to raise prices after actors' strike ends - WSJ
LinkedIn taps AI to make it easier for firms to find job candidates
Exclusive-UK regulator to push for probe into Amazon, Microsoft cloud dominance
Consumer finance group seeks more privacy in digital euro use
The crypto market still bears the scars of FTX's collapse
Nokia-brand owner HMD starts making 5G smartphones in Europe
Sam Bankman-Fried's fraud trial gets under way with jury selection
Factbox-European regulators crack down on Big Tech

Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia

    Others Also Read