OpenAI CEO visits South Korea as country seeks to encourage AI development

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OpenAI CEO visits South Korea as country seeks to encourage AI development
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Open AI Chief Executive Sam Altman is set to meet with South Korean President Yoon Suk Yeol and about 100 local startups on Friday, as the country seeks to encourage domestic competitiveness in artificial intelligence.

The firms are seeking ways to tap niche or specialised markets that have not yet been addressed by big tech in U.S. or China.

The European Union is moving ahead with its draft AI Act, which is expected to become law later this year, while the United States is leaning toward adapting existing laws for AI rather than creating whole new legislation.

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