ChatGPT chief says AI tech should be regulated

The head of the artificial intelligence startup behind ChatGPT is stressing the need for legislation to ensure the safe use of AI. Samuel Altman testified before US Congress on Tuesday.

Altman said, " My worst fears are that we cause significant -- we, the field, the technology, the industry -- cause significant harm to the world."

Altman was asked about how AI technology should be regulated as it rapidly expands across the globe. He is calling for the formation of a universal body to license the most powerful AI systems to guarantee compliance with safety standards.

The competition to develop generative AI is intensifying among IT giants like Microsoft and Google. Its value in the global market is expected to surpass 100 billion dollars by 2027.