OpenAI says it will stay in Europe despite AI regulatory proposals

OpenAI CEO Sam Altman clarified his company’s position on making an ‘AI Act’ regulating ChatGPT and other developments


OpenAI , a non-profit research laboratory that develops artificial general intelligence, has said it will not leave Europe despite new rules proposed by the European Union to regulate AI systems that pose a risk to fundamental rights. OpenAI CEO Sam Altman said in a statement that the company is “committed to working with the EU to ensure that AI is developed and used in a way that is safe, responsible, and beneficial to society.”

He added that the company believes that “the best way to achieve this is to maintain a strong presence in Europe.”

OpenAI has offices in Mountain View, California, and in London. The company was founded in 2015 by Elon Musk, Sam Altman, Ilya Sutskever, and others. OpenAI’s mission is to ensure that artificial general intelligence benefits all of humanity.

The proposed EU rules on AI would require companies to assess the risks of their AI systems before implementing them. Companies would also be required to take steps to mitigate those risks.

OpenAI has stated that it supports EU efforts to regulate AI. The company has expressed that it believes that “regulation can help ensure that AI is developed and used in a safe, responsible and beneficial way for society.”

However, it has also raised concerns about some details of the proposed EU rules on AI. The company has indicated that it is “concerned that some of the proposed rules could stifle innovation.”

OpenAI is not the only company that has raised concerns about the proposed EU rules on AI. Other companies, such as Google and Microsoft, have also raised concerns.

The proposed EU rules on AI are still in the early stages of development. It is not yet clear when the rules will be finalized.