NEW DELHI: Sam Altman, head of ChatGPT maker OpenAI, told a global artificial intelligence conference on Thursday that the world “urgently” needs to regulate the fast-evolving technology.

An organization could be set up to coordinate these efforts, similar to the International Atomic Energy Agency (IAEA), he said.

Altman is one of a host of top tech CEOs in New Delhi for the AI Impact Summit, the fourth annual global meeting on how to handle advanced computing power.

“Democratization of AI is the best way to ensure humanity flourishes,” he said on stage, adding that “centralization of this technology in one company or country could lead to ruin.”

“This is not to suggest that we won’t need any regulation or safeguards,” Altman said.