Sam Altman, CEO of OpenAI, creator of ChatGPT, has called on US courts to focus on regulating artificial intelligence (AI).
Altman spoke to a U.S. Senate committee on May 17 about AI’s potential benefits and risks to society.
The generative AI market has grown rapidly in recent months, with new competitors and innovations constantly joining the fray.
Shortly after Microsoft-backed OpenAI released ChatGPT in November 2022, Google rushed to release its own version, Google Bard.
Both applications can provide complex answers to a series of questions, often making you feel like you’re a real human being. However, both have been found to provide inaccurate and potentially damaging information.
Altman told a U.S. Senate committee that he believes new AI companies should be licensed under the newly created government agency.
“Very new technologies require new frameworks,” says Altman.
He added, “Certainly companies like ours have a lot of responsibility for the tools we put out there, but so do the users of those tools.”
Impact of AI on the economy
Altman said AI could be as big as the “printing press,” but said there are a myriad of risks that need to be monitored.
OpenAI’s CEO was praised by the committee for not sidestepping ethical issues surrounding its technology.
Altman conceded that employment will certainly be affected as technology continues to grow.
“There will be an employment impact,” he said. “We are trying to be clear about that.”
Altman also said he was “worried” about the targeted spread of misinformation from applications like ChatGPT during the election.
To address this, Altman suggested that independent auditors should be able to license or revoke licenses from AI companies.
Regulatory cooperation is key to ethical AI
Industry experts have joined Altman in voicing the importance of AI regulation as applications like ChatGPT grow in popularity.
“To fully embrace AI, we must understand that we are at a tipping point and we need to establish guardrails now,” said Ivana Bartoletti, global privacy officer at technology consultancy Wipro. Told. verdict.
“Regulations, binding agreements and safe deployment rules are needed to ensure responsible AI deployment and reduce risks to the survival of democracy,” she added.
According to Bartoletti, the only way to fully regulate the complex world of AI is through collaboration and a “multi-stakeholder” approach.
“There is a need to emphasize the need for a multi-stakeholder approach involving governments, industry experts, academia and civil society,” she said.
“Collaboration among these stakeholders is essential to ensure that AI regulations are comprehensive, effective, and adaptable to the specific needs and challenges of different industries.”
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