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AI stocks: OpenAI Introduces ChatGPT App for iOS
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Like Photoshop ‘on steroids’: ChatGPT founder urges further regulation on ‘exploding’ AI use

Like Photoshop ‘on steroids’: ChatGPT founder urges further regulation on ‘exploding’ AI use
Altman identified AI as a force of potential danger when arguing in favour of additional government regulation, noting advancements in labor, health care and the economy that AI could support—adding that regulatory intervention by governments would be “critical” to prevent and mitigate negative impacts of AI.
IBM Chief Privacy & Trust Officer Christina Montgomery and New York University Professor Emeritus Gary Marcus were witnesses alongside Altman, with Marcus providing some of the hearing’s most stark warnings on topics like political manipulation, health misinformation and hyper-targeted advertising.
Marcus said that he would like to see a Cabinet-level organisation made in order to keep up with AI development, adding that oversight could be done in the form of safety reviews similar to those conducted by the Food and Drug Administration.
Montgomery said oversight of AI should produce different rules for different risks, with the strongest regulation applied to specific use cases with the greatest risk to society.
Tech companies such as $Apple(AAPL.US)$ , $Amazon(AMZN.US)$ and $Meta Platforms(META.US)$ have actively fought against regulatory intervention. The tech industry spent more than $100 million on advertising designed to fight antitrust measures and other bills in Congress from the beginning of 2021 to the end of 2022, according to The Wall Street Journal.
Notably, $Microsoft(MSFT.US)$ OpenAI is not the first company to deliver a pro-regulation argument to Congress. In 2020, when Meta was known as Facebook, CEO Mark Zuckerberg called for an updated, more accountable version of Section 230—a section of an internet law which grants immunity to online platforms for civil liabilities based on third-party content.
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