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Generative AI also has several drawbacks. It's use is leading to cases of fraud, and fake videos are being created. Due to these reasons, regulators in many countries are preparing to tighten controls on it.
In the recent months, OpenAI, the company behind ChatGPT, has removed it's CEO, Sam Altman, known for his association with Generative AI. Mira Murati, OpenAI's Chief Technology Officer, will take on the role of interim CEO. Sam's departure has sent shockwaves through the tech industry.
OpenAI has announced that the search for a new CEO for the company will commence. Information about this significant decision was communicated to OpenAI employees through the company's blog. The blog stated, "Following a review by the board, Sam has been removed. The review found that he lacked seriousness in his communication with the board, hindering his ability to fulfill responsibilities." Generative AI, trained on large datasets, can create content resembling human-generated content, enabling completion of science-related assignments and even writing novels.
Generative AI comes with various drawbacks. It's use has led to cases of fraud and the creation of deepfake videos, prompting several countries to consider stringent regulations. The European Union has amended it's AI Act, and the United States has initiated efforts towards AI regulation. Increased incidents of fraud through the use of Generative AI have led to calls for it's regulation in India.
Major software companies, including Microsoft, have invested billions of dollars in OpenAI. Sam, an entrepreneur and investor associated with Y Combinator, gained fame with Generative AI and undertook travels to several countries this year. No comments have been received from OpenAI or Sam regarding his termination. After the information about his removal from the company was published on OpenAI's blog, Sam posted on the social media platform X, stating, "I had a good time at OpenAI. It was a significant change for me personally."