AI firms like OpenAI struggle to balance profit and public welfare, need government regulation

From The Economist: 2024-05-26 05:57:34

Private companies like OpenAI, founded with a mission “to ensure that AGI would benefit all of humanity,” struggle to balance profit incentives with responsible AI development. Self-governance may not reliably withstand pressure to prioritize profits over public welfare. Effective regulatory frameworks are needed now to ensure AI benefits everyone. Despite efforts to govern itself safely and ethically, OpenAI’s unique non-profit structure failed to protect its original mission of serving humanity. The organization’s innovative approach to self-governance did not withstand profit incentives, highlighting the need for government regulation in AI development.



Read more at The Economist: AI firms mustn’t govern themselves, say ex-members of OpenAI’s board