This copy is for your personal, non-commercial use only. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

The CEO of OpenAI, the company responsible for creating artificial intelligence chatbot ChatGPT and image generator Dall-E 2, said "regulation of AI is essential" on Tuesday as he testified in front of a Senate judiciary committee panel. In his first appearance in front of Congress, Sam Altman said he supported regulatory guardrails for the technology that would enable the benefits of artificial intelligence while minimizing the harms. "We think that regulatory intervention by governments will be critical to mitigate the risks of increasingly powerful models," Altman said in his prepared remarks. "For example, the US government might consider licensing and testing requirements for development and release of AI models above a threshold of capabilities." Altman and Gary Marcus, emeritus professor of psychology and neural science at New York University, both called for a new regulatory agency for the technology.