A key aspect of the E.U.'s landmark AI Act could be watered down after the French, German, and Italian governments advocated for limited regulation of the powerful models--known as foundation models--that underpin a wide range of artificial intelligence applications. A document seen by TIME that was shared with officials from the European Parliament and the European Commission by the three biggest economies in the bloc over the weekend proposes that AI companies working on foundation models regulate themselves by publishing certain information about their models and signing up to codes of conduct. There would initially be no punishment for companies that didn't follow these rules, though there might be in future if companies repeatedly violate codes of conduct. They are some of the most powerful, valuable and potentially risky AI systems in existence. Many of the most prominent and hyped AI companies--including OpenAI, Google DeepMind, Anthropic, xAI, Cohere, InflectionAI, and Meta--develop foundation models.

Microsoft Corp. said that Sam Altman will lead the software developer's new in-house artificial intelligence team after the OpenAI co-founder was ousted from his startup last week, a bid to shore up Microsoft's AI plans and reassure investors. Greg Brockman, an OpenAI board member and co-founder who also left the company last week, will join Altman and Microsoft will "move quickly to provide them with the resources needed for their success," the Redmond, Washington-based company's Chief Executive Officer Satya Nadella said in a post on LinkedIn early on Monday. In another post on X, formerly Twitter, Nadella said Altman will serve as CEO of the new in-house group. I'm super excited to have you join as CEO of this new group, Sam, setting a new pace for innovation. We've learned a lot over the years about how to give founders and innovators space to build independent identities and cultures within Microsoft, including GitHub, Mojang Studios,… The move, at midnight local time on Sunday, was the latest in a dramatic three days for Microsoft and OpenAI's relationship, a backup plan for Nadella after his efforts to restore Altman and Brockman to OpenAI were thwarted. The OpenAI board named former Twitch chief Emmett Shear as CEO.

Microsoft on Monday announced it has hired ousted OpenAI CEO and co-founder Sam Altman to head a new advanced AI research team after OpenAI's board decided against reinstating Altman following negotiations over the weekend. The appointment caps off a chaotic weekend for the tech world, which kicked off Friday after OpenAI's board of directors suddenly fired Altman, a high-profile figure and wunderkind of the artificial intelligence boom. It appeared there was a chance Altman could return to OpenAI but the board instead decided to appoint its second interim CEO, seemingly ending Altman's hopes of returning to the helm after his shocking ouster. Microsoft Chairman and CEO Satya Nadella said Monday the tech giant -- who is a lead investor in OpenAI -- is also bringing in OpenAI co-founder Greg Brockman, who resigned as president of the company in protest over the firing of Altman. "We're extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team," Nadella wrote in a statement posted on X, the platform formerly known as Twitter.

The board of the company behind ChatGPT late on Friday fired OpenAI CEO Sam Altman -- to many, the human face of generative AI -- sending shock waves across the tech industry. OpenAI's Chief Technology Officer Mira Murati will serve as interim CEO, the company said, adding that it will conduct a formal search for a permanent CEO. The announcement blindsided many employees who discovered the abrupt management shuffle from an internal announcement and the company's public facing blog. OpenAI scheduled an emergency all-hands meeting to discuss the news with employees Friday afternoon, a person familiar with the matter said.

OpenAI, the company behind ChatGPT, has announced that CEO and co-founder Sam Altman will immediately leave his role leading the company and step down from its board of directors. Altman was not "consistently candid in his communications with the board, hindering its ability to exercise its responsibilities," leading to the board losing confidence in his ability to lead the company, according to the announcement in a blog post on Nov. 17. Mira Murati, OpenAI's chief technology officer, will serve as interim CEO, the company said in the blog post. The company also announced that Greg Brockman, another OpenAI co-founder and president, would step down from his role as chairman of the board, although he would remain in his role as president, reporting to Murati. The sudden departure comes as a shock to the tech world.

Japanese chipmaking venture Rapidus said Friday it will enter into a tie-up with Canadian startup Tenstorrent to mass produce semiconductors for artificial intelligence. The chips they aim to jointly produce will consume less electricity than existing ones used in products such as smartphones and smartwatches. Rapidus President Atsuyoshi Koike and Tenstorrent's Jim Keller, CEO of the chip designer, signed an agreement in California on Thursday. "We will manufacture quality chips in collaboration with Tenstorrent," Koike said in a phone interview. "They took interest in our plan to manufacture semiconductors rapidly."

NVIDIA has launched its next-generation of AI supercomputer chips that will likely play a large role in future breakthroughs in deep learning and large language models (LLMs) like OpenAI's GPT-4, the company announced. The technology represents a significant leap over the last generation and is poised to be used in data centers and supercomputers -- working on tasks like weather and climate prediction, drug discovery, quantum computing and more. The key product is the HGX H200 GPU based on NVIDIA's "Hopper" architecture, a replacement for the popular H100 GPU. It's the company's first chip to use HBM3e memory that's faster and has more capacity, thus making it better suited for large language models. "With HBM3e, the NVIDIA H200 delivers 141GB of memory at 4.8 terabytes per second, nearly double the capacity and 2.4x more bandwidth compared with its predecessor, the NVIDIA A100," the company wrote.

AI expert Marva Bailer tells Fox News Digital how the open availability of artificial intelligence can have negative impacts and talks potential federal legislation to control it. European nations continue to jockey for leadership on artificial intelligence (AI), with Paris announcing it will host the next safety summit shortly after Britain hosted the first one. "The first edition of the Artificial Intelligence Security Summit, organized by the United Kingdom, provides an opportunity to develop international cooperation in the field of security, a crucial issue for the years to come. It was, therefore, natural for France to host the second edition of this summit," French Minister Delegate for the Digital Economy Jean-Noël Barrot said in a press release. The future of AI remains up for grabs, with many nations trying to position themselves at the forefront of the race.

Users will soon be able to make customized versions of ChatGPT, the maker of the tool OpenAI said Monday as it made a series of announcements at its first Developer Day conference in San Francisco. OpenAI is calling the customizable versions of ChatGPT "GPTs," which it says will be able to comply with specified instructions and have access to user-provided information. "The upsides of this are going to be tremendous," OpenAI CEO Sam Altman said on stage on Monday. "It gives agency to everyone." ChatGPT currently has 100 million weekly active users, Altman added.

Kara Frederick, tech director at the Heritage Foundation, discusses the need for regulations on artificial intelligence as lawmakers and tech titans discuss the potential risks. The U.S. and other countries signed an agreement to collaborate and communicate on "frontier" artificial intelligence (AI) that will aim to limit the risks presented by the technology in the coming years. "We encourage all relevant actors to provide context-appropriate transparency and accountability on their plans to measure, monitor and mitigate potentially harmful capabilities and the associated effects that may emerge, in particular to prevent misuse and issues of control, and the amplification of other risks," the Bletchley Declaration, signed by 28 countries, including the U.S., China and members of the European Union. The international community has wrangled with the problem of AI, trying to balance the obvious and emerging risks associated with such advanced technology against what Britain's King Charles III called the "untold benefits." The Bletchley Declaration therefore lays out two key points: "identifying AI safety risks" and "building respective risk-based policies across our countries to ensure safety in light of such risks."