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AI & Enterprise

National AI Strategy Committee discusses government-wide AI legislative framework centred on AI Basic Law

South Korea\'s National AI Strategy Committee will set a government-wide legislative direction centred on the AI Basic Law to meet rising demand for AI-related legislation after the law takes effect. It discussed a draft AI legislative framework at its fifth Chief AI Officer meeting in Seoul on Oct. 2. The framework sets four basic directions, including closing defence and security legislative gaps and improving predictability for businesses. Officials also reviewed preparations for the \'AI for Everyone\' service due for formal nationwide launch in December.

AI & Enterprise

SoftBank to invest additional $10 billion in OpenAI for 13% stake

SoftBank Group invested an additional $10 billion in OpenAI Group PBC, OpenAI\'s for-profit arm, lifting its cumulative investment to $64.6 billion and giving it a stake of about 13%. The investment is the third and final tranche of a planned additional $30 billion via SoftBank Vision Fund 2, Japanese ITmedia reported. SoftBank funded the first two tranches with bridge loans and the final tranche with proceeds from bond sales.

AI & Enterprise

OpenAI fires three safety team researchers over alleged leak of confidential information

OpenAI fired three researchers on its safety team over allegations they provided confidential company information to an external AI safety organisation, the Wall Street Journal reported, citing people familiar with the matter. OpenAI told some staff it had dismissed the researchers, the report said. A company spokesperson said OpenAI parted ways with three people who violated policies on accessing and handling sensitive information. OpenAI has recently suffered a string of security incidents.