OpenAI CTO: The economic impact of generative AI is “just beginning” to emerge

According to Bloomberg,OpenAI Mira Mulati, Chief Technology Officer, participated in the Asia Tech X conference in Singapore today by video link. She said OpenAI's latest GPT-4o model, which helps users generate content such as text, presentations and videos, is easier to use and is driving widespread adoption. CurrentlyPeople are increasingly using AI Toolsto perform tasks such as coding, writing, and administrative tasks.

We haven't fully realized the impact this will have on businesses and jobs because it's just getting started," Mulati said. But what we've seen so far is thatIn a very short period of time these AI systems have entered the workplace as 'facilitators'.." The current development of AI is very competitive, and the competition is actually very favorable, especially in the field of security, people will not "cut corners".

OpenAI CTO: The economic impact of generative AI is “just beginning” to emerge

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As previously reported, Federal Reserve Chairman Jerome Powell has said that generative AI could boost productivity growth, but "probably not in the short term," leading to claims that the current potential of AI is "overstated. The potential of AI is currently "overblown", it has been argued.

OpenAI COO Brad Lightcap made a similar point to Muratti this month. Lightcap said, "Reshape the economy in just one year? That's asking too much of us!"If OpenAI were to stop all future AI development (which, of course, it won't do), the full impact of its current model would still need to beA fair amount of time.It's only then that it becomes apparent.

Simply put, it may take longer for people to see the true impact of AI on the economic sector.

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