OpenAI boss Sam Altman confirms they are working on ChatGPT 5, says AI does not need heavy regulation yet

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Sam Altman says AI regulation is not needed at the moment.He also confirmed OpenAI is working on GPT-5.Altman had earlier talked about the need of AI regulation.

Artificial intelligence has been the talk of the tech world since last year, when OpenAI launched its revolutionary AI chatbot, ChatGPT. The AI tool was soon being used across the world, by students, artists, working professionals, video creators, writers, and students. While a section of people were intrigued by the new technology, saying that it will make life easier, others were skeptical and felt that AI’s advancement would be a danger. Over the months, many tech experts, including OpenAI CEO Sam Altman and Twitter owner Elon Musk, have warned against the dangers of AI. However now, Altman seems to have changed his stance and says that there is no immediate requirement to regulate AI.

He also said that OpenAI is working on GPT-5, which will enhance ChatGPT. Presently, ChatGPT runs on GPT-3.5 and GPT-4. Recently, OpenAI had also introduced ChatGPT-4 Turbo.

According to a Livemint report, Altman was speaking on a panel at the Asia-Pacific Economic Cooperation summit in San Francisco. He said that if we want to flourish for “tens or hundreds of millions, or thousands of millions of years,” we need technology.

He added that we don’t need heavy regulation in AI, probably for “the next couple generations.” The OpenAI CEO added that we might need some collective supervision on AI when “an AI model can do the equivalent output of a whole company, or a whole country, or a whole world.”

Meanwhile, in an interview with Financial Times, Altman confirmed that OpenAI is indeed working on GPT-5. The large language model is expected to be more powerful than its predecessors. However, Altman added that it is difficult to predict much about the LLM right now.

In May this year, Altman had appeared before a Senate panel and told US lawmakers that artificial intelligence must be regulated. This was the first time that Altman has appeared before the Senate panel and during the hearing, he told the US lawmakers about how AI can possibly go wrong and that the need of the hour is to come up with regulations. He also said that the government must withhold the power of revoking AI licences in case companies don’t follow the rules.

Sam Altman, during the hearing, said that even though his company, OpenAI, was created to improve human lives, it can also carry risks.

“OpenAI was founded on the belief that artificial intelligence has the potential to improve nearly every aspect of our lives, but also that it creates serious risks,” he said.

Talking about how AI can even be misused during elections, Sam Altman said that it is a ‘significant area of concern’ and that AI needs regulation.

“I think if this technology goes wrong, it can go quite wrong. And we want to be vocal about that,” he said and added, “We want to work with the government to prevent that from happening.”

Talking about the need to regularise the emerging technology, he said that ‘regulatory intervention by governments will be critical to mitigate the risks of increasingly powerful models’.

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