FT News Briefing Mr OpenAI goes to Washington
Jun 18, 2024
French business leaders are shifting their focus towards far-right politics amid worries over leftist policies. Dubai is rekindling interest in a unique luxury development, the World Islands Project, seeking to overcome challenges from previous economic downturns. Additionally, there's a deep dive into OpenAI's rapid expansion and its strategic lobbying efforts to influence global regulation amidst the growing importance of AI technologies. The episode also highlights a remarkable auction of a rare stamp collection that aims to set a record price.
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French Businesses' Election Concerns
- French corporate leaders are anxious about the upcoming elections and Macron's potential loss.
- They see Le Pen's far-right party as less harmful than the far left due to tax concerns.
OpenAI's Lobbying Expansion
- OpenAI has rapidly expanded its global affairs team from 3 to 35 members.
- This international team focuses on lobbying in key regulatory hubs like the US, UK, and EU, but also in Singapore, Brazil, and India.
OpenAI's Shifting Regulatory Stance
- OpenAI's founder, Sam Altman, initially advocated for strong AI regulation.
- They now seek regulation that allows innovation and avoids rigid, outdated rules.