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Business Insider·3 min read·medium

OpenAI's CFO says AI is replacing some jobs, but many are mundane ones

OpenAI's CFO says AI is replacing some jobs, but many are mundane ones
✦AI Summary

OpenAI's CFO Sarah Friar stated that the company is using AI to automate mundane finance tasks like credit checks. She argued that this shift improves efficiency and allows employees to focus on more complex, high-value work.

Why it matters

It highlights the ongoing corporate debate regarding AI's role in workforce displacement versus productivity enhancement.

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OpenAI's CFO said AI is reducing the need for workers doing repetitive tasks, like credit checks. Bloomberg/Getty Images OpenAI CFO Sarah Friar said AI is reducing the need for workers doing repetitive tasks. Friar said OpenAI uses AI for "mundane" finance work like credit checks. Friar said that with AI, the cost of each credit check fell from $200 to about $0.17. OpenAI CFO Sarah Friar said that AI is reducing the need for some workers , but only repetitive ones. In a Tuesday interview with CNBC's Jim Cramer on "Mad Money," Friar addressed AI use for efficiency at OpenAI, using her own finance department as an example. "There is no doubt we are doing things with our own products inside of finance, for example, that do limit the number of people we need," Friar told Cramer.

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