In response to Altman’s dismissal, several OpenAI employees threatened to resign from the company. While the board met their demand to allow the former CEO to return, they missed the 5 p.m. deadline set by the workers. Greg Brockman, OpenAI’s president and former board chairman, resigned after Altman’s dismissal, as did several senior researchers, with reports emerging of further resignations in the works.

Following Altman’s dismissal, Microsoft, OpenAI’s largest investor, affirmed its commitment to the ChatGPT maker, however, investors were caught off guard by the decision given that no prior warning was given nor any opportunity to weigh in on the issue.

The post OpenAI in Discussions to Restore Sam Altman as CEO appeared first on theprimarymarket.com.

The ministers agreed that while a democratic approach should be used to ensure that the technology is given room to be developed, policy instruments need to be implemented in order to ensure that AI technologies are developed in a trustworthy and ethically responsible manner.

“The conclusions of this G7 meeting show that we are definitely not alone in this,” European Commission Executive Vice President Margrethe Vestager stated following the gathering. “We plan to convene future G7 discussions on generative AI which could include topics such as governance, how to safeguard intellectual property rights including copyright, promote transparency, address disinformation.”

The post G7 Should Adopt “Risk-Based” AI Regulation, Ministers Suggest appeared first on theprimarymarket.com.

“We are ready to reopen ChatGPT on April 30 if there is a willingness on the part of OpenAI to take useful steps. I think there is on the part of the company, let’s see,” Stanzione declared.

Last week, the Italian Data Protection Authority produced a list of demands that OpenAI must meet by April 30 so that the Microsoft-backed company may be permitted to bring ChatGPT back online in Italy.

The Italian watchdog’s concerns about ChatGPT are centered on personal data processing as well as concerns over a suspected breach of privacy rules. Italy became the first Western European country to implement a suspension of ChatGPT’s operations.

EU lawmakers pleaded on Monday for world leaders to hold a summit to discuss ways to control the development of advanced artificial intelligence (AI) systems, with the group expressing concern for the rapid pace of the technology’s development.

The post Italy Considers Lifting ChatGPT Ban if Company Addresses Concerns appeared first on theprimarymarket.com.

“I am very fortunate to be offered to take down some equity, but it’s a $29 billion valuation with virtually no revenue… I’m looking at it,” O’Leary cautiously stated. While unsure of the company’s valuation, the Shark Tank cast member did reveal that he would look to purchase a 1% share in ChatGPT.

For O’Leary, there are two main justifications for taking a leap of faith in the revolutionary new software. Firstly, the platform’s rapid growth in new subscribers came to the seasoned investor’s attention, with the platform crossing the 100 million user mark in January. Secondly, O’Leary is attracted to the recurring revenue model adopted by ChatGPT, with some of his own employees subscribing to the $20 per month premium ChatGPT service.

The post “Shark Tank”‘s Kevin O’Leary Considers Investing In ChatGPT, Claims it is “Killing” Google appeared first on theprimarymarket.com.

In response to Altman’s dismissal, several OpenAI employees threatened to resign from the company. While the board met their demand to allow the former CEO to return, they missed the 5 p.m. deadline set by the workers. Greg Brockman, OpenAI’s president and former board chairman, resigned after Altman’s dismissal, as did several senior researchers, with reports emerging of further resignations in the works.

Following Altman’s dismissal, Microsoft, OpenAI’s largest investor, affirmed its commitment to the ChatGPT maker, however, investors were caught off guard by the decision given that no prior warning was given nor any opportunity to weigh in on the issue.

The post OpenAI in Discussions to Restore Sam Altman as CEO appeared first on theprimarymarket.com.

The ministers agreed that while a democratic approach should be used to ensure that the technology is given room to be developed, policy instruments need to be implemented in order to ensure that AI technologies are developed in a trustworthy and ethically responsible manner.

“The conclusions of this G7 meeting show that we are definitely not alone in this,” European Commission Executive Vice President Margrethe Vestager stated following the gathering. “We plan to convene future G7 discussions on generative AI which could include topics such as governance, how to safeguard intellectual property rights including copyright, promote transparency, address disinformation.”

The post G7 Should Adopt “Risk-Based” AI Regulation, Ministers Suggest appeared first on theprimarymarket.com.

“We are ready to reopen ChatGPT on April 30 if there is a willingness on the part of OpenAI to take useful steps. I think there is on the part of the company, let’s see,” Stanzione declared.

Last week, the Italian Data Protection Authority produced a list of demands that OpenAI must meet by April 30 so that the Microsoft-backed company may be permitted to bring ChatGPT back online in Italy.

The Italian watchdog’s concerns about ChatGPT are centered on personal data processing as well as concerns over a suspected breach of privacy rules. Italy became the first Western European country to implement a suspension of ChatGPT’s operations.

EU lawmakers pleaded on Monday for world leaders to hold a summit to discuss ways to control the development of advanced artificial intelligence (AI) systems, with the group expressing concern for the rapid pace of the technology’s development.

The post Italy Considers Lifting ChatGPT Ban if Company Addresses Concerns appeared first on theprimarymarket.com.

“I am very fortunate to be offered to take down some equity, but it’s a $29 billion valuation with virtually no revenue… I’m looking at it,” O’Leary cautiously stated. While unsure of the company’s valuation, the Shark Tank cast member did reveal that he would look to purchase a 1% share in ChatGPT.

For O’Leary, there are two main justifications for taking a leap of faith in the revolutionary new software. Firstly, the platform’s rapid growth in new subscribers came to the seasoned investor’s attention, with the platform crossing the 100 million user mark in January. Secondly, O’Leary is attracted to the recurring revenue model adopted by ChatGPT, with some of his own employees subscribing to the $20 per month premium ChatGPT service.

The post “Shark Tank”‘s Kevin O’Leary Considers Investing In ChatGPT, Claims it is “Killing” Google appeared first on theprimarymarket.com.