OpenAI CEO Sam Altman rescinds threat to cease European operations

Sam Altman, president of Y Combinator, pauses during the New Work Summit in Half Moon Bay, California, U.S., Monday, February 25, 2019.

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no intention of leaving.”

On Wednesday, Altman spoke to reporters in London and detailed their concerns about the European Union’s AI law, which is expected to be finalized in 2024, the Financial Times reported.

“Details really matter,” Altman reportedly said. “We will try to comply, but if we cannot comply, we will go out of business.”

Initially, the legislation – which may be the first of its kind regarding AI governance – was drafted for “high-risk” uses of AI, such as medical equipment, medical decisions hiring and loan.

Now, during the generative AI boom, lawmakers have proposed expanded rules: makers of big systems and machine learning tools like Big Language Models, the kind that power chatbots like OpenAI’s ChatGPT , Google’s Bard and more should disclose AI-generated content and publish summaries of any copyrighted information used as training data for their systems.

Open AI sparked criticism for not disclosing methods or training data for GPT-4, one of the models behind ChatGPT, after its release.

“The current EU AI bill would be over-regulated, but we’ve heard it’s going to be withdrawn,” Altman said in London on Wednesday, according to Reuters. “They’re still talking about it.”

Legislators told Reuters the project was not up for debate and Dragos Tudorache, a Romanian member of the European Parliament, said he “doesn’t see any dilution happening anytime soon”.

Less than 48 hours after first commenting on the possibility of going out of business, Altman tweeted about a “very productive week of conversations in Europe about how best to regulate AI”, adding that the OpenAI team is “excited to continue operating here and of course have no plans to leave “.

The most recent proposal for an EU AI law will be negotiated between the European Commission and member states over the coming year, the FT reported.

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