With cryptocurrency becoming more intertwined with artificial intelligence, the AI sector also awaits regulations, and the process is delayed. Numerous concerns are shared about the lack of regulation in the AI sector potentially leading to significant problems in the future. Steps taken in this direction are relatively faster than crypto regulations. OpenAI has announced its support for the latest proposal.
OpenAI and Regulations
WLD Coin founder Sam Altman, who leads one of the largest companies in the AI field, OpenAI, supports the proposal known as AB 3211. The proposal requires labeling AI-generated content and mandates adding watermarks to outputs. According to a Reuters report, OpenAI’s Chief Strategy Officer Jason Kwon supports the idea of adding watermarks to the metadata of photos, videos, and audio clips.
This early step to help users distinguish between human-made content and AI-generated outputs could prevent many issues in the future. Kwon stated:
“New technologies and standards can help people understand the source of the content they find online and prevent confusion between human-generated and photo-realistic AI-generated content.”
SB 1047 and Artificial Intelligence
California State Senator Scott Wiener proposed the SB 1047 bill, which mandated safety tests for language models. Jason Kwon opposed this bill due to its potential negative impacts, sharing concerns with officials that it would hinder innovation.
“SB 1047 will threaten this growth, slow the pace of innovation, and cause California’s top engineers and entrepreneurs to leave the state in search of better opportunities elsewhere.”
California has prepared over 60 bills this year alone, but we have yet to see concrete results from these efforts. The bills address numerous details, from preventing AI companies from exploiting the intellectual property of deceased individuals to proving the impartiality of algorithmic decisions.
Competition dynamics are also changing with AI. With its latest search engine product, OpenAI is taking steps that could cause content creators to go bankrupt, potentially increasing competition lawsuits and copyright issues in the future. It may be necessary to find legal ways to prevent AI from using content.
