In a landmark moment for AI regulation, OpenAI CEO Sam Altman took the stand before a Senate Judiciary subcommittee, advocating for governmental oversight of rapidly advancing artificial intelligence technology. Altman's testimony comes in the wake of the viral success of OpenAI's generative AI tool, ChatGPT, and amidst growing concerns about the potential misuse of such AI tools. Emphasizing the need for "rules and guardrails", Altman proposed the establishment of a U.S. or global agency to license powerful AI systems and ensure compliance with safety standards. Notably, he called for specific policies around generative AI tools, highlighting their distinct nature and potential impact. Despite some resistance from tech leaders advocating for a precision regulation approach, Altman's call for regulation was deemed historic, marking a shift in the conversation around AI governance.