OpenAI CEO says AI is unlikely to lead to "job apocalypse"

OpenAI Chief Executive Sam Altman said on Tuesday that the rapid development and adoption of AI would not lead to a global "jobs apocalypse" and that the technology had not eliminated as many "office jobs" as he feared.

During a Commonwealth Bank of Australia (CBA) virtual conference in Sydney, Altman said he was initially concerned about the impact AI would have on global employment levels.

He pointed out that he and his executives were "more or less right" about the technology predictions made by OpenAI when it launched ChatGPT in 2022. But he said they were "very wrong" about the social and economic implications.

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"I'm very glad I was wrong about this; I thought by now there would have been a bigger impact on the elimination of entry-level management jobs than what actually happened," Altman told CBA Executive Director Matt Comyn in an interview.

"Now I think I have a better understanding of why it didn't happen, and obviously I'm grateful, but this is one area where my intuitions were wrong," he continued.

"People say 'you could have saved the world from a lot of alarmism and pessimism', but at the time I said 'I see this is a real risk, we should probably talk about it' and it still might be," he added.

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Altman did not cite any employment-related numbers this Tuesday (26), but had previously spoken about possible job cuts due to advances in AI.

A growing number of global companies including HSBC, Amazon, Standard Chartered and CBA announced that some jobs in their companies were being replaced by AI.

OpenAI is preparing to file confidentially for an initial public offering in the United States in the coming weeks, Reuters reported last week, citing a source familiar with the matter. The company could aim for a $1 trillion valuation and raise at least $60 billion, Reuters reported in October.

Altman commented that he realized that although AI was taking an increasingly active role in many industries and jobs, there was still a "human part" of the job that could not be replaced.

He highlighted that he was using AI to respond to Slack and email messages, but had gone back to responding to some of them himself.

"I asked her to respond to messages, saying 'This is Sam's AI,' and it was an incredible example to me that we really care about people," he shared.

"We really care about our interactions with people and that, which takes up a lot of my time, is not something I can imagine outsourcing to an AI anytime soon."

This observation, according to him, made him believe that the human interaction necessary in many jobs would not be replaced by AI.

"That really, both positively and negatively, led me to think that the jobs landscape is probably going to be a lot different than we thought," he said.

"I don't think we're going to have the kind of jobs apocalypse that some of the companies in our space are advocating or talking about," he concluded.

Source: CNN