Milan, 5 April 2023 — Following the Italian Privacy Authority's (Garante della Privacy) temporary block of ChatGPT and OpenAI's subsequent response, Milano Finanza sought the perspective of BlackSheep's Umberto Bottesini on what this precedent means for AI regulation in Europe.
The article, titled "OpenAI apre al Garante Privacy", explores the landmark confrontation between the Italian privacy regulator and the world's most prominent AI company. Key points from BlackSheep's perspective:
- "We must avoid the AI Far West" — Bottesini argued that Europe's track record with internet innovation shows what happens when technology scales without governance: a landscape dominated by US giants with no accountability to European citizens or institutions.
- Regulation as opportunity — Rather than viewing GDPR-based scrutiny of AI as a brake on innovation, BlackSheep sees it as a structural advantage for European AI companies that build privacy-compliant architectures from day one.
- Investor perspective on AI risk — As a venture investor specializing in AI, BlackSheep evaluates regulatory compliance as a core investment criterion, not an afterthought.
The full article is available on the Milano Finanza website. This coverage contributed to BlackSheep's growing profile as a thought leader on responsible AI investment in Europe.