OpenAI's Sam Altman Proposes UAE as Testing Ground for Global AI Regulations
Portfolio Pulse from Anusuya Lahiri
OpenAI's CEO, Sam Altman, proposed the UAE as a 'regulatory sandbox' for AI technologies at the World Governments Summit. He emphasized the need for global AI policy and highlighted the UAE's strategic position. Altman's discussions also aim to support a semiconductor initiative to advance AI technology. OpenAI plans to make some AI models public and develop tools for economically disadvantaged nations. OpenAI's revenue is $2 billion, expected to double by 2025. Microsoft invested $10 billion in OpenAI in 2023.
February 13, 2024 | 1:08 pm
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Microsoft Corp backs OpenAI, which proposed the UAE as a testing ground for AI regulations. Microsoft invested $10 billion in OpenAI in 2023, aiming to support advancements in AI technology.
Microsoft's backing of OpenAI and the significant investment highlight the company's commitment to advancing AI technology. The proposal to use the UAE as a regulatory sandbox could foster innovation and regulatory frameworks beneficial to Microsoft and OpenAI's AI advancements. This strategic move, coupled with OpenAI's revenue growth and plans to make AI models public, could positively impact Microsoft's stock in the short term by reinforcing its position in the AI market.
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