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Business Insider·3 min read·medium

Sam Altman says the economy is adapting to AI slower than he expected

Sam Altman says the economy is adapting to AI slower than he expected
AI Summary

OpenAI CEO Sam Altman admits that his previous predictions regarding the speed of AI economic adoption were overly ambitious. He notes that businesses are sticking to familiar tools and routines, which he views as a positive sign for a more measured transition.

Why it matters

This shift in tone from industry leaders suggests a cooling of the 'AI hype' cycle and a more realistic outlook on corporate integration.

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OpenAI CEO Sam Altman said he was previously "too ambitious" about AI adoption timelines. Chip Somodevilla/Getty Images Sam Altman said his initial predictions about AI's fast-coming economic impacts were too bullish. The OpenAI CEO said he initially believed much of the software business was "up for grabs." He called the slower shift a "positive in many ways." It's part of a shift in tone from AI CEOs. Sam Altman says he misjudged how quickly AI would scramble the economy. In an interview with David Senra , posted on Sunday, the OpenAI CEO said he believed GPT-4's 2023 release would quickly put more software businesses "up for grabs." Instead, he said he's seen customers and companies largely sticking with familiar products and routines. "I think it means we've all been too ambitious on timelines," Altman said. "People keep doing the same things they're doing.

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