logo
  • menu
  • Markets
  • ETFs
  • Live
  • Spot
  • Futures
  • Bots
  • Learn
  • Sign In
  • Sign Up
  • Downloads
  • English
  • |
  • USD
  • |
Sign Up
Crypto PricesLearnLatest NewsDownloadsMarketsSpotAnnouncements
Home/
Latest News/
Markets

OpenAI CEO to testify before Congress with 'AI pause' advocates and IBM execs

By Cornell Rachel
May 15, 2023
4.2 
★
★
★
★
★
★
★
★
★
★
 483 User Rating
Share

OpenAI CEO Sam Altman will make his congressional debut on May 16 to discuss artificial intelligence (AI) regulation in the United States at an overview hearing. Also present to testify were Christina Montgomery, IBM's chief privacy and trust officer - a member of the US Nation al Advisory Council on Artificial Intelligence - and Gary Marcus, a professor emeritus at New York University. Details about the hearing's agenda remain scant. Its title, "Oversight of AI: The Rules of AI," suggests that the discussions will center on security and privacy , as will the scheduled roster of attendees.

The hearing marked Altman's first official testimony before Congress, though he recently participated in a roundtable discussion with Vice President Kamala Harris at the White House, along with the CEOs of Alphabet, Microsoft and Anthropic. NYU's Marcus recently made waves in the AI ​​community by f ully supporting a six-month "pause" in community-driven AI development.

The idea of ​​an AI moratorium was defined in an open letter posted on the Future of Life Institute website on March 22. As of publication of this article, it has more than 27,500 signatures. The stated goal of the letter is to "call for an immediate moratorium on all AI labs for at least 6 months to train AI systems more powerful than GPT-4." Altman and Montgomery were among those opposed to the suspension.

For her part, Montgomery explained her perspective in an in-depth IBM corporate blog post titled "Don't Pause AI Development, Prioritize Ethics," in which she makes the case for a more precise approach to AI regulation:

"A blanket moratorium on AI training, combined with existing trends that appear to deprioritize investment in industry's AI ethics efforts, will only lead to more harm and frustration." According to another IBM blog post, written in part by Montgomery, the company believes AI should be regulated based on risk — notably, IBM does not currently have any public-facing generative AI models to Cointelegraph's knowledge.

OpenAI, on the other hand, is responsible for ChatGPT, arguably the most popular public-facing AI technology in existence.

According to an interview with Lex Fridman at the MIT event, Altman supports the safe and ethical development of AI systems, but believes in "getting everyone involved in the discussion" and "getting these systems out into the world."

That leaves Marcus as the lone outlier, who has been a vocal proponent of the suspension since it was first brought up. While Marcus admits to having "no hand in drafting" the pause letter, he did write a blog post titled "Is it Time to Hit AI's Pause Button?" nearly a month before the open letter was published. While the upcoming Senate hearings may simply be forums for members of Congress to ask questions, the discussions could have damaging consequences -- depending on which experts you trust.

If Congress decides to get tough on AI regulation, experts like Montgomery worry that such efforts could have a chilling effect on innovation without necessarily addressing safety concerns. This compromise could permeate the operations where GPT technology underpins the vast array of bots and services. For example, in the fintech space, cryptocurrency exchanges are adopting chatbot technology to serve their customers, conduct transactions and analyze the market.

Yet experts such as Marcus and Elon Musk worry that failure to enact what they see as commonsense policies related to AI regulation could lead to an existential crisis for humanity.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

Related News

  • Bybit Unleashes AI Power with 'TradeGPT' for Data-Driven Market Analysis

    Bybit Unleashes AI Power with 'TradeGPT' for Data-Driven Market Analysis

    Dubai-based cryptocurrency exchange Bybit has unveiled TradeGPT, a language-based trading tool that harnesses artificial intelligence (AI
    Christopher Smith
    Feb 2, 2026
  • Elon Musk's xAI Seeks SEC Approval for $1B Sale

    Elon Musk's xAI Seeks SEC Approval for $1B Sale

    Elon Musk's AI modeling firm, xAI, has finalized a private agreement to sell unregistered
    Cornell Rachel
    Feb 13, 2025
  • ChatGPT and AI are the latest vectors for malware: Meta Security Team

    ChatGPT and AI are the latest vectors for malware: Meta Security Team

    Artificial intelligence tools such as ChatGPT have become the latest way for "bad actors" to spread malware, scams and spam, warns research from the Meta security team.
    Barry Stidham
    Feb 11, 2025

Latest News

Industry

Cryptocurrency

Airdrop

Markets

  • New SEC Crypto Rule to Cut Red Tape for Startup Fundraising

    New SEC Crypto Rule to Cut Red Tape for Startup Fundraising

    The U.S. Securities and Exchange Commission plans to introduce a major regulatory framework this month to simplify capital formation and reduce operational hurdles for cryptocurrency businesses.
    Martha Grizzard
    Jul 8, 2026
  • White House Admits Federal Bitcoin Fund is Still Delayed

    White House Admits Federal Bitcoin Fund is Still Delayed

    The establishment of the Strategic Bitcoin Reserve has run into severe internal friction regarding which cabinet-level agency holds authority over the asset.
    Martha Grizzard
    Jul 7, 2026
  • Senate Test for Clarity Act Could Spark Crypto Market Volatility

    Senate Test for Clarity Act Could Spark Crypto Market Volatility

    As the U.S. Senate approaches a critical vote on the Digital Asset Market Clarity Act, investment bank Jefferies has cautioned investors that the legislative process will likely trigger heightened volatility across crypto markets.
    Jerry McNeill
    Jul 1, 2026
  • SBI’s $289M Bitbank Deal Signals Japan Crypto Consolidation

    SBI’s $289M Bitbank Deal Signals Japan Crypto Consolidation

    SBI Holdings has solidified its domestic dominance by agreeing to acquire all shares of Bitbank in a transaction valued at ¥46.7 billion ($289 million), according to the company’s official disclosure.
    Cornell Rachel
    Jun 29, 2026
  • Invesco Files for Tokenized Fund to Back Stablecoin Reserves

    Invesco Files for Tokenized Fund to Back Stablecoin Reserves

    Invesco has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the Invesco Stablecoin Reserves Onchain Fund, a new vehicle designed to offer stablecoin issuers a compliant way to manage their collateral.
    Martha Grizzard
    Jun 26, 2026
View more data 
BTCBTC(BTC)
$0
--(Last 24h)
SpotFutures

Top

View more
  1. 1S&P 500 Reclaims 200-Day Moving Average, Bitcoin Gains
  2. 2Trump Softens His Stance on Reciprocal Tariffs, US Stocks and Crypto Markets Rise
  3. 3Vitalik Buterin : The current price of ETH has not been affected by the merger event
  4. 4Vibhu Norby : Solana Spaces store to bring 100K people to Solana per month
  5. 5CZ: compared with the record high nine months ago, the current situation of the industry is much better

Top Gainers

View more
Threshold Network
Threshold NetworkT

$0.004889

+43.58%
Space and Time
Space and TimeSXT

$0.008830

+26.14%
Cash Cat
Cash CatCASHCAT

$0.1869

+22.99%
Yei Finance
Yei FinanceCLO

$0.2521

+18.98%
Tutorial
TutorialTUT

$0.0128

+16.29%

Top Trending

View more
Audiera
AudieraBEAT

$2.3644

-9.55%
Stellar
StellarXLM

$0.1908

+0.74%
AAVE
AAVEAAVE

$99.6500

+4.85%
Solana
SolanaSOL

$77.9200

-0.28%
BUILDon
BUILDonB

$0.1344

-35.56%

Recently added

View more
Cash Cat
Cash CatCASHCAT

$0.1877

+23.51%
Cerebras
CerebrasCBRSB

$211.030

+0.27%
Invesco QQQ Trust
Invesco QQQ TrustQQQB

$728.590

+0.52%
Palantir
PalantirPLTRB

$126.890

-0.74%
Nebius
NebiusNBISB

$221.030

-1.35%

Learn

View more
  1. 1What Is Cross-Chain Interoperability? How Does It Function?
  2. 2What is OUSD? How Does Open USD Work for Digital Payments?
  3. 3What Are Keyloggers? How Do They Drain Your Crypto?
  4. 4What is Maximal Extractable Value in crypto? How Do We Avoid MEV?
  5. 5Crypto Trading Bots: What Are They and How Do They Work?
About Us
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
English
About Us
+
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
+
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
+
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
+
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
+
  • Twitter
  • Facebook
  • Telegram
  • YouTube
  • Instagram
  • Medium
  • Linkedin
@2012-2026 BITKAN.com