OpenAI's CEO threatened to cease operations in Europe if regulation expanded, then seemed to reverse his stance saying there are 'no plans to leave.'
about the European Union's AI Act, which is set to be finalized in 2024, the FT reported.
"The details really matter," Altman reportedly said. "We will try to comply, but if we can't comply we will cease operating." Initially, the legislation – which could be the first of its kind as far as AI governance – was drafted for "high-risk" uses of AI, such as in medical equipment, hiring and loan decisions.
"The current draft of the EU AI Act would be over-regulating, but we have heard it's going to get pulled back," Altman said Wednesday in London,the draft wasn't up for debate, and Dragos Tudorache, a Romanian member of the European Parliament, said he does "not see any dilution happening anytime soon.
The more recent proposal for EU's AI Act will be negotiated among the European Commission and member states over the coming year, the FT reported.
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