OpenAI's Drive for AI Advancement Faces Challenges from EU Laws and Competing Companies

Bitget App

Trade smarter

Bitget

News

Markets

OpenAI's Drive for AI Advancement Faces Challenges from EU Laws and Competing Companies

Bitget-RWA2025/10/24 09:38

By:Bitget-RWA

- OpenAI launches Project Mercury to automate financial modeling, hiring 100+ Wall Street professionals to disrupt junior analyst workflows. - ChatGPT Atlas browser challenges Google by integrating AI agents for tasks like summarization, triggering a 3% Alphabet stock drop. - EU AI Act imposes strict liability rules on high-risk systems, intensifying regulatory scrutiny on OpenAI's general-purpose models. - Meta blocks third-party AI chatbots on WhatsApp, forcing OpenAI to withdraw integration and escalati

OpenAI's Bold Moves and Regulatory Hurdles Reflect a Changing AI Industry

OpenAI is rapidly broadening its reach into sectors outside of consumer AI, most recently with the introduction of Project Mercury—a confidential project focused on automating financial modeling tasks that are typically handled by junior investment bankers. This initiative has recruited more than 100 ex-professionals from firms such as

JPMorgan Chase

Morgan Stanley

, and

Goldman Sachs

, and aims to develop AI that can replicate intricate financial models for deals like IPOs and leveraged buyouts. Contractors are compensated $150 an hour to evaluate these models and offer feedback, with the intention of automating repetitive work usually assigned to entry-level analysts, according to a

Storyboard18 report

. This effort highlights OpenAI's larger ambition to monetize its technology in areas such as finance, where automation could significantly alter established processes.

OpenAI's Drive for AI Advancement Faces Challenges from EU Laws and Competing Companies image 0

At the same time, OpenAI has introduced ChatGPT Atlas, an AI-driven web browser intended to rival Google's supremacy in online search. Initially released for macOS, Atlas incorporates the Operator AI agent to automate actions such as summarizing web pages, completing online forms, and making reservations, as reported by

The Outpost

. CEO Sam Altman called Atlas "the next step in web interaction," positioning it as a direct challenger to

Google

Chrome. The browser's debut has already impacted the market, with Alphabet's shares falling 3% after the news broke. Experts suggest that Atlas could threaten Google's ad revenue by decreasing dependence on conventional search results, which are central to the company's $500 billion market value.

As OpenAI expands, regulatory oversight is increasing due to concerns over accountability and ethical standards. The European Union's AI Act, which became law in August 2024, sets out rigorous rules for high-risk AI, including requirements for transparency and risk evaluation, according to a

National Law Review article

. The legislation divides AI systems into four risk levels, banning those considered "unacceptable risk"—such as systems that infringe on fundamental rights. OpenAI's general-purpose models, like the GPT series, are subject to stricter examination because of their broad influence. The EU has also suggested updates to its 1985 Product Liability Directive, expanding strict liability to cover AI and mandating that developers remain responsible for their products' safety. These steps are designed to tackle the difficulties of tracing responsibility and causation when AI decisions result in harm, an issue that is becoming more pressing as AI grows more autonomous.

Meta's latest policy update has added another layer of complexity to the regulatory scene. The company has prohibited third-party AI chatbots, including ChatGPT, from WhatsApp through new API guidelines, requiring OpenAI to end its integration by January 15, 2026, as noted by

LiveMint

. While Meta cites technical reasons like reducing server strain, the move is widely seen as a strategic effort to strengthen its own AI products across its platforms. This reflects a broader industry trend of major tech companies tightening their grip on AI ecosystems, as demonstrated by Google's recent rollout of Gemini AI in Chrome and its "AI Overviews" feature.

As OpenAI maneuvers through these changes, the tension between advancing technology and maintaining responsibility remains delicate. Although the company highlights AI's promise to boost efficiency, critics caution about unforeseen risks, especially in sensitive fields like finance and healthcare. The EU's regulatory approach, with its focus on human-centered AI and strict accountability, could become a model for international regulation, though its broad scope may pose compliance challenges for American companies operating in Europe.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Shiba Inu (SHIB) saw 289B tokens exit exchanges in one day, signaling reduced selling pressure and long-term accumulation. - On-chain data shows exchange reserves dropped to 81.9T SHIB, with investors shifting tokens to private wallets amid bullish sentiment. - Technical indicators highlight SHIB's $0.0000100 price struggle, oversold RSI (37), and unbroken resistance at $0.0000119-$0.0000121. - Analysts warn of bearish risks if SHIB breaks below $0.0000095 support, despite broader crypto market optimism

Bitget-RWA•2025/10/25 09:46

SHIB's Blockchain Departure: Sign of Optimism or a Bear Market Snare?

NYC Election Highlights Identity Politics as Mamdani Counters Anti-Muslim Rhetoric

- Zohran Mamdani, NYC's Muslim mayoral nominee, condemned Islamophobic attacks from rivals Cuomo and Sliwa during a Friday speech. - Cuomo and Sliwa falsely accused Mamdani of supporting "global jihad" and endangering Jewish safety in a polarizing campaign strategy. - Over 650 rabbis opposed Mamdani over his criticism of Israeli policies, while Democratic leaders endorsed him for progressive policies. - Despite personal attacks, Mamdani leads polls at 43% support, framing the race as a choice between statu

Bitget-RWA•2025/10/25 09:46

NYC Election Highlights Identity Politics as Mamdani Counters Anti-Muslim Rhetoric

Ethereum Updates Today: Crypto Excitement Faces Warnings as Halloween Presales Attract Investors Despite Market Fluctuations

- Crypto investors are eyeing Halloween presales like MoonBull's Stage 5, promising 9,256% ROI through Ethereum-based deflationary mechanics and token burns. - MoonBull's 15% referral bonuses and USDC rewards contrast with competitors like BullZilla, which lacks liquidity locks despite lower entry prices. - Market volatility highlights risks: Tether's $15B 2025 profit projections and Fed uncertainty warn against overexposure to speculative meme coins. - Strategic investors balance high-growth tokens with b

Bitget-RWA•2025/10/25 09:46

Ethereum Updates Today: Crypto Excitement Faces Warnings as Halloween Presales Attract Investors Despite Market Fluctuations

Plasma News Today: Plasma’s Authorized Stack Facilitates Direct Euro Transactions Across Europe

- Plasma secures Italy's VASP license under MiCA, enabling regulated stablecoin payments across Europe. - The firm plans Amsterdam expansion with compliance officers to strengthen EU regulatory alignment. - Aiming for CASP/EMI licenses to issue payment cards and facilitate direct euro settlements with traditional banks. - Plasma's $7B stablecoin infrastructure targets faster, cheaper cross-border transactions vs. legacy fintech giants. - Experts highlight its dual-licensing strategy as a model for integrat

Bitget-RWA•2025/10/25 09:46