From TradingView: 2024-05-11 03:25:45

OpenAI COO Brad Lightcap believes it is premature to assess the complete economic impact of artificial intelligence. Despite initial excitement, AI’s transformative effects on the economy have been subtle. Chair of the Federal Reserve, Jerome Powell, stated generative AI may enhance productivity growth but not immediately. Other AI leaders predict long-term disruptive potential.

Lightcap humorously mentioned it would be a tall order to reshape the economy within a year. He suggested it would take 10-20 years for the full ramifications of existing AI models to materialize. Other AI leaders echoed his sentiments, acknowledging overestimation of technology in the short-term but underestimation of its long-term impact.

OpenAI and other AI companies are preparing for the future by expanding enterprise business and selling customized AI solutions to corporate clients. Apple Inc. is reportedly integrating OpenAI’s ChatGPT into iPhones. OpenAI’s CEO, Sam Altman, denied rumors of a search engine or GPT-5, teasing new developments instead. The company is set to announce an AI-powered search product, potentially competing with Google.



Read more at TradingView: ‘We’ve A Year To Reshape The Economy? That’s A Tall Order’ — TradingView News