Advanced AI tools may become a “massive issue” for jobs, says OpenAI CEO Sam Altman

CEO Sam Altman revealed his “wildly ambitious” plans for the development of AI just a couple of months ago. He wasto improve chip technology and in turn, boost the development of AI. However, just months after revealing his ambitious plans to boost AI development, the CEO shared his concerns regarding the jobs and economy amidst the rise of AI tools during a Brookings Institute panel about AI and geopolitics.

According to an International Monetary Fund study from earlier this year, advanced AI technologies may impact roughly 60% of jobs in advanced economies. Reportedly, almost half of those jobs can be automated, which may lead to a mass job replacement that Altman talked about. He told CNBC in an interview last year that he’s a “little bit scared” of ChatGPT as the tool is capable enough to eliminate certain jobs. While the tools can help people in their jobs, potentially helping them do more within less time, they can also replace people from certain jobs entirely. Some CEOs have also confirmed that they have replaced certain jobs with AI for better productivity and efficiency.

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