Three news to start your week: May 22
OpenAI's Sam Altman urges AI regulation in Senate hearing
(The New York Times)
Sam Altman, the CEO of the San Francisco start-up OpenAI, appeared in front of a Senate subcommittee on Tuesday. He mostly agreed with them about the need to regulate the increasingly powerful artificial intelligence (AI) technology that his company and others like Google and Microsoft are making.
"If this technology goes wrong, it can go quite wrong. And we want to be vocal about that," said Altman. "We want to work with the government to prevent that."
As interest in AI has soared, Altman made his first public appearance on Capitol Hill. Tech giants have spent much time and money on what they call a "transformative" technology, despite growing worries about how AI could spread false information, kill jobs, and be as intelligent as humans.
Ukraine Supreme Court chief dismissed after being detained in bribery case
(Reuters)
On Tuesday, the head of Ukraine's Supreme Court was fired after he was arrested in a bribery probe that anti-corruption officials called their biggest case ever.
Even though Russia invaded Ukraine, Kyiv has stepped up its efforts to stop crime. This is important if Ukraine wants to meet the requirements for joining the European Union.
"At this time, the head of the Supreme Court has been detained and measures are being taken to check other individuals for involvement in criminal activity," said Oleksandr Omelchenko, a prosecutor at the Specialised Anti-Corruption Prosecutor's Office (SAPO) at a briefing with the National Anti-Corruption Bureau of Ukraine (NABU).
Morgan Stanley CEO Gorman to step down within 12 months
(CNN)
James Gorman, the CEO of Morgan Stanley, will be stepping down. He became CEO in January 2010, making him one of the longest-serving heads of a US bank.
"The specific timing of the CEO transition has not been determined, but it is the Board's and my expectation that it will occur at some point in the next 12 months. That is the current expectation in the absence of a major change in the external environment," Gorman said Friday.
The Board of Directors is looking at three high-level employees from within the company who could become the next chief executive.
