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Facts Chronicle > Technology > Sam Altman with Bill Gates: Impact of AI on Labor Market and Global Regulations | Unconfuse Me Podcast
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Sam Altman with Bill Gates: Impact of AI on Labor Market and Global Regulations | Unconfuse Me Podcast

Amelia Collins
Last updated: January 15, 2024 1:11 pm
Amelia Collins Published January 15, 2024
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OpenAI CEO Sam Altman Expresses Concerns About AI’s Impact on Labour Market

In a recent interview with Microsoft co-founder Bill Gates on the Unconfuse Me podcast, OpenAI CEO Sam Altman discussed the potential impact of artificial intelligence on the labour market. Altman, who has started investing in robotics companies, expressed concerns about the rapid integration of AI into society and the need for swift adaptation. He emphasized that the AI revolution is expected to be the fastest technological revolution to date, requiring society to adapt at an unprecedented pace.

Altman highlighted that while current AI systems perform tasks rather than entire jobs, he anticipates a future where AI may take over certain jobs while creating new and improved opportunities. He called for the need for more powerful tools that can enable qualitative shifts in productivity, focusing on improvements in reasoning ability, reliability, customisability, and personalisation for models like GPT-4.

The OpenAI CEO underlined the global impact of AI technology on society and geopolitical balance. He proposed the establishment of a global regulatory body to oversee powerful AI systems, addressing issues such as model limitations, copyright, and differing national perspectives. Altman also shared that many heads of state have supported the idea of regulating AI technology, and mentioned Microsoft’s commitment to invest over $10 billion in OpenAI, along with ongoing discussions about raising additional funding at a valuation of $100 billion or more.

In light of Altman’s concerns, it is evident that the integration of AI into the workforce will have significant implications for the labour market. While AI has the potential to create new job opportunities and improve productivity, it also raises concerns about job displacement and the need for upskilling and reskilling of the workforce. As AI continues to advance at a rapid pace, addressing these challenges and ensuring a smooth transition will be crucial for society to adapt to the AI revolution.

Overall, Altman’s insights shed light on the complexity of the AI revolution and the need for proactive measures to manage its impact on the labour market.

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