Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    BlackRock Ethereum ETF on track to hit $1B net inflows

    August 12, 2024

    Will Ethereum outshine Bitcoin in 2024?

    December 31, 2023

    Over $200m worth of crypto will enter circulation in October

    October 2, 2023
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Pendle price prediction 2025-2031: Is PENDLE a good investment?

      June 6, 2025

      Why June 16 Deadline Matters for XRP Holders

      June 5, 2025

      Bitcoin will take over as reserve currency, claims Coinbase CEO

      June 4, 2025

      Matter of Time Before Altcoins Take Big Dive Against Bitcoin, According to Analyst Benjamin Cowen

      June 3, 2025

      Stablecoin market capitalization surpasses $250 billion amid accelerating regulatory momentum

      June 2, 2025
    • Technology

      FDUSD now live on Arbitrum to support DeFi growth

      June 6, 2025

      FET Price Analysis: These Critical Levels Hold Key to Next Major Move

      June 4, 2025

      Mintable unveils green NFT card game at Singapore climate festival

      June 3, 2025

      Comment on CZ Breaks Silence on TRUMP Token Rumors Tied to $2B MGX Deal by CZ Proposes 'Dark Pool-style' DEX for Perpetual Futures

      June 2, 2025

      Cardano support crumbles as whales hit the sell button

      June 1, 2025
    • Learn/Guide

      Apple, X, Airbnb, and Google hold early talks with crypto firms on stablecoin integration

      June 6, 2025

      Gold miner Bluebird to convert gold revenues into Bitcoin reserve, stock jumps 63% intraday

      June 5, 2025

      BlackRock’s Bitcoin ETF futures go live on Moscow Exchange as fund surpasses $70 billion AUM

      June 4, 2025

      Ripple’s flagship stablecoin approved for use in Dubai’s key financial center

      June 3, 2025

      Bitcoin creator Satoshi Nakamoto could soon overtake Warren Buffett, Mark Zuckerberg to become the world’s second richest

      June 2, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » OpenAI CEO Sam Altman Testifies in Congress Hearing on AI Safety Alongside IBM Chief Trust Officer & NYU Professor
    News

    OpenAI CEO Sam Altman Testifies in Congress Hearing on AI Safety Alongside IBM Chief Trust Officer & NYU Professor

    May 17, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    OpenAI CEO Sam Altman Testifies in Congress Hearing on AI Safety Alongside IBM Chief Trust Officer & NYU Professor
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Sam Altman’s sincerity impressed lawmakers at Tuesday’s hearing as he discussed AI’s destructive potential and supported proper regulation.

    OpenAI CEO and Worldcoin co-founder Sam Altman recently testified in a US Congress hearing on artificial intelligence (AI). At Tuesday’s ‘historic’ hearing, Altman discussed possible government regulation of the AI space and fielded lawmakers’ questions about OpenAI’s views on regulation. 

    Several Congress members expressed concern about the potential harm artificial intelligence could cause if not properly overseen. In a show of sincerity and genuineness, Altman admitted his ‘worst fears’ were disrupting the world through AI technology. The OpenAI CEO suggested the potential harm AI poses could be catastrophic, saying, “If this technology goes wrong, it can go quite wrong.”

    Sam Altman Agreed with Lawmakers at the Hearing on the Need to Create an Accountable AI Industry 

    Altman appeared willing to work with lawmakers on developing proper AI guardrails to minimize its potential risks and side effects. The OpenAI chief executive supported establishing a federal oversight agency capable of issuing and revoking development licenses. He also agreed that victims of AI technology should be able to take legal action against the developer. Altman testified alongside NYU professor Gary Marcus and IBM Chief of Trust Christina Montgomery at the AI hearing.

    The three guest speakers aligned on most topics throughout the Congressional hearing. This included increased government oversight, support for privacy protections, third-party auditing, and immediate government AI regulation. However, IBM’s Montgomery disagreed with her fellow guest speakers on whether a federal agency is necessary to enforce AI regulations. 

    Montgomery argued against the need for a new specialized agency that licenses and oversees AI tools, instead suggesting a ‘surgical approach.’ The IBM CTrO said existing regulatory bodies could be deployed to focus enforcement on specific use cases. 

    Key Takeaways from Lawmakers’ Stance

    At the hearing, lawmakers said that AI regulation should not repeat similar Congress missteps at the advent of the social media era. Lawmakers further stressed that AI side effects could surpass those of social media due to its incredible speed, scale, and operational sophistication. As Senate Judiciary Privacy, Technology, & the Law Subcommittee Chair Richard Blumenthal explained:

    “Congress failed to meet the moment on social media; now we have the obligation to do it on AI before the threats and the risks become real.”

    Blumenthal also referenced Section 230 of the Communications Decency Act, which has served as the tech space’s legal liability shield for over 20 years. In his opening remarks, the Democratic Connecticut Senator pointed out:

    “We should not repeat our past mistakes. For example, Section 230. Forcing companies to think ahead and be responsible for the ramification of their business decisions can be the most powerful tool of all.”

    Although the lawmaker committee at the hearing did not put forth specific regulatory proposals, it bounced around several ideas.  

    The Sam Altman AI hearing before Congress on Tuesday came after a previous closed session on Monday. The day before, the OpenAI CEO had piqued the interests of lawmakers at a private dinner. Congress attendees at the closed dinner were reportedly impressed as Altman exposited on the risks and opportunities posed by AI. 

    next

    Artificial Intelligence, Business News, News, Technology News


    Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
    When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.

    Thank you!

    You have successfully joined our subscriber list.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Pendle price prediction 2025-2031: Is PENDLE a good investment?

    June 6, 2025

    Why June 16 Deadline Matters for XRP Holders

    June 5, 2025

    Bitcoin will take over as reserve currency, claims Coinbase CEO

    June 4, 2025

    Matter of Time Before Altcoins Take Big Dive Against Bitcoin, According to Analyst Benjamin Cowen

    June 3, 2025
    Top Posts

    Here’s the Catalyst That Could Ignite Bitcoin Explosion to $500,000, According to Macro Guru Luke Gromen

    January 1, 2025

    Zoth secures $4M to build DeFi yield infrastructure with real-world assets

    August 6, 2024

    Bitcoin briefly touches $30k amid whale transactions

    August 2, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Pendle price prediction 2025-2031: Is PENDLE a good investment?

    June 6, 2025

    Why June 16 Deadline Matters for XRP Holders

    June 5, 2025

    Bitcoin will take over as reserve currency, claims Coinbase CEO

    June 4, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.