https://bbc.in/3Wydhle - 🤖 OpenAI's CEO, Sam Altman, raises concerns over the EU's planned AI legislation, suggesting that the company may consider leaving the EU if it can't comply with the proposed law. The legislation, which could be the first to specifically regulate AI, may require generative AI companies to disclose copyrighted material used for training their systems. Altman believes this level of regulation could be overbearing. #OpenAI #AILegislation 💼 Altman expressed his concern that some of the AI Act's safety and transparency requirements would be technically impossible for OpenAI to meet. Despite these potential hurdles, Altman remains optimistic about AI's potential to create jobs and reduce inequality. He had meetings with UK Prime Minister Rishi Sunak and heads of AI companies to discuss the risks and regulations of AI. #AIRegulation #AITransparency 🌐 Amid these concerns, global leaders at the G7 summit agreed that creating trustworthy AI should be an international endeavor. Prior to the enactment of any EU legislation, the European Commission aims to create an AI pact with Google's parent company, Alphabet. EU industry chief Thierry Breton emphasized the importance of international cooperation in regulating AI. #G7Summit #AIInternationalPact 📚 Tim O'Reilly, a Silicon Valley veteran, believes that the best start to AI regulation would be mandating transparency and creating regulatory institutions for accountability. He also stressed the need for AI companies to work together to create a comprehensive set of metrics for consistent reporting to regulators and the public.