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OpenAI logo seen in illustration.

Jaap Arriens/NurPhoto

Despite the recent Sam Altman ouster and reinstatement, OpenAI’s long-planned sale of private company stock is set to proceed . Before the turmoil, investors — led by venture capital firms such as Thrive Capital, Sequoia Capital, and Khosla Ventures — were hoping for a $86 billion valuation. That sum would make it among the most valuable private tech companies in the world, ahead of payments company Stripe ( $50 billion ), and Fortnite maker Epic Games ( $32 billion ), though it still falls short of the largest pre-IPO firms like TikTok parent ByteDance ( $223.5 billion ) and SpaceX (which expects a $150 billion valuation in an upcoming stock sale).

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President Vladimir Putin on Friday warned that the West should not be allowed to develop a monopoly in the sphere of artificial intelligence and s ai d that a much more ambitious Russian strategy for the development of AI would be approved shortly.

Vladimir Putin wants Russia to rival the West on AI development. On Friday at the Artificial Intelligence Journey conference in Moscow, the Russian president vowed to sign off on a new AI strategy, which would see his government pour money into supercomputers and educational initiatives. Moscow’s strategy would focus on generative AI and large language models, a field dominated by American firms such as Google and OpenAI.
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The OpenAI-Sam Altman drama: Why should you care? | GZERO AI | GZERO Media

Taylor Owen, professor at the Max Bell School of Public Policy at McGill University and director of its Centre for Media, Technology & Democracy, co-hosts GZERO AI, our new weekly video series intended to help you keep up and make sense of the latest news on the AI revolution. In this episode of the series, Taylor Owen takes a look at the OpenAI-Sam Altman drama.

Hi, I'm Taylor Owen. This is GZERO AI. So if you're watching this video, then like me, you're probably glued to your screen over the past week, watching the psychodrama play out at OpenAI, a company literally at the center of the current AI moment we're in.

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There is no more disruptive or more remarkable technology than AI, but let’s face it, it is incredibly hard to keep up with the latest developments. Even more importantly, it’s almost impossible to understand what the latest AI innovations actually mean. How will AI affect your job? What do you need to know? Who will regulate it? How will it disrupt work, the economy, politics, war?

That's where our new weekly GZERO AI newsletter comes in to help. GZERO AI will give you the first key insights you need to know, putting perspective on the hype and context on the AI doomers and dreamers. Featuring the world class analysis that is the hallmark of GZERO and its founder, Ian Bremmer--who himself is a leading voice in the AI space--GZERO AI is the essential weekly read of the AI revolution.

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Courtesy of Midjourney

AI-generated art courtesy of Midjourney

The near-collapse of OpenAI, the world’s foremost artificial intelligence company, shocked the world earlier this month. Its nonprofit board of directors fired its high-profile and influential CEO, Sam Altman, on Friday, Nov. 17, for not being “consistently candid” with them. But the board never explained its rationale. Altman campaigned to get his job back and was joined in his pressure campaign by OpenAI lead investor Microsoft and 700 of OpenAI’s 770 employees. Days later, multiple board members resigned, new ones were installed, and Altman returned to his post.

To learn more about what the blowup means for global regulation, we spoke to Marietje Schaake, a former member of the European Parliament who serves as the international policy director of the Cyber Policy Center at Stanford University and as president of the Cyber Peace Institute. Schaake is also a host of the GZERO AI video series.

The interview has been edited for clarity and length.

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Illustration of the NVIDIA logo.

REUTERS/Dado Ruvic

1.9%: NVIDIA is building new computer chips to sell to China that are compliant with updated US export regulations. But the California-based company recently announced a delay in the release of those chips until Q1 2024, citing technical problems. In response, NVIDIA’s high-flying stock, which took the company’s valuation north of $1 trillion this year, fell 1.9% on Friday.

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An illustration of AI atop a computer motherboard.

Dado Ruvic/Illustration/Reuters

Europe has spent two years trying to adopt comprehensive AI regulation. The AI Act, first introduced by the European Commission in 2021, aspires to regulate AI models based on different risk categories.

The proposed law would ban dangerous models outright, such as those that might manipulate humans, and mandate strict oversight and transparency for powerful models that carry the risk of harm. For lower-risk models, the AI Act would require simple disclosures. In May, the European Parliament approved the legislation , but the three bodies of the European legislature are still in the middle of hammering out the final text. The makers of generative AI models, like the one powering ChatGPT, would have to submit to safety checks and publish summaries of the copyrighted material they’re trained on.

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