Technology IS NOT Going to be Good for Workers

Generative artificial intelligence technology such as ChatGPT could boost productivity for many workers in the years ahead. But some people are likely to lose their jobs in the process.

That's according to Sam Altman (ABOVE), the CEO of OpenAI, the company behind ChatGPT. Altman said in June that AI's development could provide the "most tremendous leap forward" for people's quality of life. But he also said in March it'd be "crazy not to be a little afraid of AI" and its potential to create "disinformation problems or economic shocks."

In a new interview with The Atlantic, Altman pushed back on the idea that the AI boom would have only a positive impact on workers.

"A lot of people working on AI pretend that it's only going to be good; it's only going to be a supplement; no one is ever going to be replaced," he said. "Jobs are definitely going to go away, full stop."

Since ChatGPT rolled out last November, economy experts have spoken about the ways AI could serve as a valuable assistant to workers — helping them become more productive and spend less time on boring tasks. 

Some experts expressed optimism that AI wouldn't result in the widespread job displacement many Americans fear and said that they should be more worried about their co-workers using these technologies to supplant them.

"You will not be replaced by AI but by someone who knows what to do with AI," Oded Netzer, a Columbia Business School professor, told Insider in early July.

But Altman's comments speak to a harsh reality: Even if most jobs aren't displaced, some are likely to go by the wayside. In March, Goldman Sachs said that 300 million full-time jobs across the globe could be disrupted by AI.

"History tells us that simplification is often merely a step towards automation," Carl Benedikt Frey, an Oxford economist, previously told Insider. "AI assistants that analyze telemarketers' calls and provide recommendations are being trained with the ultimate goal of replacing them."  READ MORE...