OpenAI, the organization that created the well-known ChatGPT chatbot, stated on May 25 that it will give ten equal grants from a $1 million fund for democratic methods to determine how AI software should be managed to address bias and other issues. According to a blog post announcing the program, applicants who provide compelling frameworks for addressing issues like whether AI should critique well-known personalities will be awarded $100,000 rewards. Critics claim that because of the inputs used to develop its concepts, AI systems like ChatGPT have an inherent bias. Users have found examples of AI program outputs that are racist or sexist. According to Reuters, there are growing concerns that AI combined with search engines like Alphabet Inc.’s Google and Microsoft Corp.’s Bing may provide false information that is persuasive.
The fight for AI regulation has been led by OpenAI, which Microsoft has funded with $10 billion. Nevertheless, it has made a threat to quit the European Union in protest of new regulations. “The current draught of the EU AI Act would be over-regulating, but we have heard it’s going to get pulled back,” said Sam Altman, CEO of OpenAI, to Reuters. Significant AI research would not be able to be supported by the startup’s grants. In this booming field, salaries for AI developers and others regularly exceed $100,000 and even reach $300,000.
AI systems “should benefit all of humanity and be shaped to be as inclusive as possible,” OpenAI said
AI systems “should benefit all of humanity and be shaped to be as inclusive as possible,” OpenAI said in the blog post. “We are launching this grant program to take a first step in this direction,” it added. The San Francisco firm said the financing findings might influence its own views on AI governance, though no suggestions would be “binding.” While simultaneously releasing updated versions of ChatGPT and the image-generator DALL-E, Altman has been a vocal proponent of AI regulation. In his testimony last month to a US Senate subcommittee, he warned that “if this technology goes wrong, it can go quite wrong.” In a bid to compete with OpenAI, Google, and startups in the market for providing AI to consumers and businesses, Microsoft has adopted comprehensive AI regulations while also promising to include the technology in its products.
The promise of AI to increase productivity and lower labor costs is of interest to almost all businesses, but there are also concerns that AI can propagate false information or factual errors, which business insiders refer to as “hallucinations.” Some widely believed spoofs have previously been produced by AI. A fake viral image of an explosion near the Pentagon temporarily affected the stock market.