OpenAI CEO Sets a Different Tone

In contrast to how SVB's former CEO handled his U.S. government testimony this week, OpenAI's CEO demonstrated humility, a willingness to learn and an acknowledgment that he doesn’t know everything. Sam Altman talked about the incredible potential of large language models, yet admitted risks. He asked for "regulatory intervention," which, to be fair, Mark Zuckerberg mentioned when he testified, but the tone of this US Senate committee hearing was entirely different from previous tech companies' interactions with regulators.

In his opening statement (starting at 20:45), Altman said, "But as this technology advances, we understand that people are anxious about how it could change the way we live." Later, Altman said, "I think if this technology goes wrong, it can go quite wrong . . . we want to be vocal about that," and, "We want to work with the government to prevent that from happening."

Senator Richard Blumenthal, who chaired the committee panel, also demonstrated humility by admitting “mistakes of the past”:

"Our goal is to demystify and hold accountable those new technologies to avoid some of the mistakes of the past. Congress failed to meet the moment on social media.”

Unlike the E.U., which has already proposed AI legislation, skeptics say U.S. government officials’ limited knowledge makes moving quickly unlikely. But admission of their failings and current risks could inspire action, although it’s unclear how that might happen.