Sam Altman, chief executive officer and co-founder of OpenAI, speaks during a Senate Judiciary Subcommittee hearing in Washington, DC, US, on Tuesday, May 16, 2023. 
Read More: OpenAI’s Altman Clashes With EU Commissioner Over AI Regulation
“Most of the regulation being proposed about licensing frameworks and safety standards makes total sense,” Altman said about the current AI regulation projects being discussed worldwide. “It’s mostly been quite productive.”
Before coming to Europe, Altman spoke in Washington where he called for more regulations and said his “greatest fear” was that the technology would cause significant harm.
The EU’s AI Act is on track to be the first comprehensive legislation to address artificial intelligence. While the original proposal focused on regulating its use rather than the technology itself, the European Parliament proposed new rules that specifically target large language models after the explosion in popularity in generative AI.
For now, OpenAI is focused on building a “better, faster and cheaper model” of its generative AI ChatGPT product, Altman said, after the product kicked off a global arms race among tech companies to build their own versions of the technology.