OpenAI takes the stand 🤖

The creator of ChapGPT is calling for AI regulation, and he wants it sooner rather than later...

16 May

“A year spent in artificial intelligence is enough to make one believe in God.”

— Alan Perlis

👋 Friends, Rallie here. The newsletter that keeps you ahead of the AI curve (for now).

On the menu:

  • 🤖 OpenAI takes the stand

  • 🗞️ Headlines that hit

  • 📈 Refresh: Canadian crypto exchanges

  • 💯 Top tweets

The Rallie Recap

🤖 The creator of ChatGPT is calling for AI regulation, and he wants it sooner rather than later...

  • Sam Altman, the CEO of OpenAI, the company behind ChatGPT, found himself in the hot seat as he testified before senators this morning to avoid a repeat of the social media pitfalls.

  • With mounting concerns about the negative impact of social media platforms on society, the US Senate is seeking insights from OpenAI to prevent future harm.

  • On the stand, Altman emphasized the importance of responsible AI deployment and the need for effective regulations to safeguard users.

  • The hearing is aiming to explore potential solutions, such as transparency, algorithmic accountability and user empowerment, to mitigate the risks associated with social media platforms.

  • And Altman had lots to say on the subject, calling for the US to regulate the technology... "AI technologies have immense potential to transform our society for the better, but we must tread carefully and learn from the mistakes of the past. By embracing responsible AI deployment and implementing effective regulations, we can create a safer digital environment for all users."

  • OpenAI's presence in this hearing signifies a growing recognition of AI's role in shaping our digital landscape and the urgent need for collaboration between technology innovators and policymakers.

Headlines That Hit

Rallie Refresh: Canadian Crypto Exchanges

Binance is leaving Canada, but don't fret! There's many other platforms available for you to explore the world of cryptocurrency... so today, we're diving in to some options:

  1. Coinsquare: one of Canada's most prominent crypto companies, as it's Canada's first IIROC-regulated crypto marketplace and is known for its extensive selection of cryptocurrencies. With advanced charting tools, customizable trading options, and a strong focus on security, Coinsquare caters to both casual investors and active traders.

  2. NDAX (National Digital Asset Exchange): a Calgary-based platform that emphasizes security. It provides a robust trading environment and offers a range of cryptocurrencies. NDAX is popular among users who are more experienced.

  3. Shakepay: Shakepay stands out as a mobile app-based cryptocurrency exchange that offers a user-friendly experience for beginners. It simplifies the process of buying and selling cryptocurrencies, and its intuitive interface appeals to users seeking a straightforward and convenient way to enter the crypto market.

  4. Bitbuy: a Toronto-based exchange that places a strong emphasis on security, making it an appealing choice for those concerned about the safety of their digital assets. With a robust security framework, multi-signature wallets, and adherence to regulatory standards, Bitbuy offers a trustworthy platform for cryptocurrency trading.

Trending Tweets

Our fav funnies to get you through the day.

Congrats, you made it to the end!

That's all for today. Stay hungry & we'll catch you next time. ✌️

Let us know what you think

Login or Subscribe to participate in polls.

DISCLAIMER: This is not financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.