Sam Altman, CEO of OpenAI, told the Senate Judiciary Committee on May 16 there was a need for “a new agency that licenses any effort above a certain scale of capabilities and could take that license away and ensure compliance with safety standards,” Brad Smith, President of Microsoft, who had previously endorsed the idea of a digital regulatory agency, echoed Altman’s call a few days later: “Companies need to step up… Government needs to move faster,” Sundar Pichai, CEO of Google, on May 23 announced an agreement with the European Union (EU) to develop an “AI Pact” of voluntary behavioral standards prior to the implementation of the EU’s AI Act.
