Generative AI Can Create Just About Everything—But Will It Ever Create Jobs?

Robots event held at the Science Museum's Dana Centre on May 6, 2008 in London, England. The Dextrous Robotic Hand has a bank of 40 Air Muscles which make it capable of 24 movements and the most advanced robot hand in the World. After a banner year celebrating all that generative AI has to offer, it seems clear that the technology behind ChatGPT—which has now proven to write solid letters, reports, and even movie scripts—is placing some positions at risk and potentially obsolete.

Consider this interesting scenario: If AI allows programmers to develop a new game 50% faster and with 20% of the resources, we will still need fewer programmers to do that work, even if more people want to play the game. That just means that we need to start thinking differently about work and our place in it as we continue to press forward with advancements in generative AI—and whatever technology comes next.

OpenAI’s Sam Altman suggested that in the future we will have single person, billion dollar companies. While that seems improbable without massive inflation, it seems increasingly likely that 10-20 person companies could generate more than $100 million in revenue and potentially reach a billion with the smart use of generative AI and intelligent chatbots.For the first time, people with very few design skills, for example, can use AI to generate beautiful graphic layouts.

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