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    Home » AI and machine learning » OpenAI CTO says gen AI’s economic impact only starting

    OpenAI CTO says gen AI’s economic impact only starting

    Generative AI is only just starting to make its economic impact felt, OpenAI chief technology officer Mira Murati said.
    By Agency Staff31 May 2024
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    Mira Murati

    Generative artificial intelligence is only just starting to make its economic impact felt, OpenAI chief technology officer Mira Murati said.

    OpenAI’s latest GPT-4o model, which helps users generate content such as text, presentations and videos, is becoming more intuitive to use and that’s spurring its adoption, Murati told Singapore’s Asia Tech X conference via video on Thursday. People are increasingly using AI tools for tasks such as coding, writing and administrative work, she said.

    “We don’t quite realise the impact that this is going to have in businesses and at work because it is just starting,” she said. “But what we’ve seen so far is that over a very short amount of time, these AI systems have entered the workforce as collaborators.”

    Over a very short amount of time, these AI systems have entered the workforce as collaborators

    OpenAI faces intensifying competition from rivals such as Google, Facebook parent Meta Platforms, start-up Anthropic and Elon Musk’s xAI. OpenAI earlier this month released the GPT-4o chatbot, which Murati touted as the future of interaction between people and machines.

    “AI development is extremely competitive right now,” Murati said. Competition “can actually be really good as long as it’s a competition to the top on safety and people don’t cut corners”.  — Saritha Rai, Suvashree Ghosh and Gao Yuan, (c) 2024 Bloomberg LP

    Read next: OpenAI’s new safety board includes CEO Sam Altman



    Mira Murati OpenAI
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