Sam Altman’s ouster shows Biden isn’t handling AI properly By Cointelegraph
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CbatGPT developer OpenAI announced last week that it had fired CEO Sam Altman due to a loss of confidence by the board — only to see him return to the company after 90% of OpenAI staffers threatened to resign. The firing caused a flurry of excitement from companies offering to match OpenAI salaries in an attempt to lure top-tier talent.
The debacle — and its associated lack of transparency — highlighted the need to regulate AI development, particularly when it comes to security and privacy. Companies are developing their artificial intelligence divisions rapidly and a reshuffling of talent could propel one company ahead of others and existing laws. While President Joe Biden has taken steps to that effect, he has been relying on executive orders, which do not require input from Congress. Instead, they rely on agency bureaucrats to interpret them — and could change when a new president is inaugurated.
John Cahill is an associate in national law firm Wilson Elser’s White Plains, N.Y., office. John focuses his practice on digital assets, and ensures that clients comply with current and developing laws and regulations. He received a B.A. from St. Louis University and a J.D. from New York Law School.
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CbatGPT developer OpenAI announced last week that it had fired CEO Sam Altman due to a loss of confidence by the board — only to see him return to the company after 90% of OpenAI staffers threatened to resign. The firing caused a flurry of excitement from companies offering to match OpenAI salaries in an attempt to lure top-tier talent.
The debacle — and its associated lack of transparency — highlighted the need to regulate AI development, particularly when it comes to security and privacy. Companies are developing their artificial intelligence divisions rapidly and a reshuffling of talent could propel one company ahead of others and existing laws. While President Joe Biden has taken steps to that effect, he has been relying on executive orders, which do not require input from Congress. Instead, they rely on agency bureaucrats to interpret them — and could change when a new president is inaugurated.
John Cahill is an associate in national law firm Wilson Elser’s White Plains, N.Y., office. John focuses his practice on digital assets, and ensures that clients comply with current and developing laws and regulations. He received a B.A. from St. Louis University and a J.D. from New York Law School.
Continue Reading on Cointelegraph
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