The boss of the company behind ChatGPT has said it has no plans to leave Europe.
OpenAI CEO Sam Altman U-turned on a threat he made earlier this week to leave the block if it becomes too hard to comply with upcoming laws on artificial intelligence (AI).
The EU's planned legislation could be the first to legislate on AI which the tech boss said was "over-regulating".
But he backtracked after wide-spread coverage of his comments.
"We are excited to continue to operate here and of course have no plans to leave," he tweeted.
The proposed law could require generative AI companies to reveal which copyrighted material had been used to train their systems to create text and images.
Many in the creative industries accuse AI companies of using the work of artists, musicians and actors to train systems to imitate their work.
But Mr Altman is worried it would be technically impossible for OpenAI to comply with some of the AI Act's safety and transparency requirements, according to Time magazine.
At an event at University College London on Wednesday, Mr Altman added he was optimistic AI could create more jobs and reduce inequality.
He also met Prime Minister Rishi Sunak and the heads of AI companies DeepMind and Anthropic to discuss the technology's risks - from disinformation to national security and even "existential threats" - and the voluntary actions and regulation required to manage them.
Some experts fear super-intelligent AI systems could threaten humanity's existence.
But Mr Sunak said AI could "positively transform humanity" and "deliver better outcomes for the British public, with emerging opportunities in a range of areas to improve public services".
