TECH - OpenAI Top Exec Says It's Too Early To Gauge AI's Full Economic Impact: 'We've A Year To Reshape The Economy? That's A Tall Order' | Benzinga
OpenAI COO Brad Lightcap on Thursday said that it is still premature to assess the complete economic impact of artificial intelligence.
What Happened: Speaking at Bloomberg’s Tech Summit, Lightcap said that the rise of generative AI has not yet significantly transformed the economy. However, he and other AI leaders anticipate more substantial changes in the future.
Despite the initial excitement surrounding AI’s potential to revolutionize productivity and create new jobs, the actual impact has been more subtle. While there have been some AI-driven layoffs, entire professions have not been replaced or created. It remains unclear how much additional work AI has facilitated.
Earlier this year, Jerome Powell, the chair of the Federal Reserve, stated that while generative AI can enhance productivity growth, it is unlikely to do so in the immediate future.
Lightcap suggested that it is ...