The CEO of OpenAI, Sam Altman, has stated that generic artificial intelligence (AGI) would be published soon.
Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Altman stated that AGI might be founded shortly, but did not identify a time frame. However, he feels that “one day AI becomes so powerful that it can shape or even destroy the world” is an exaggeration.
“AI will change the world less than we think, including the impact on jobs,” OpenAI’s CEO told CNBC. He stated that the ChatGPT development team has made great progress, but has yet to fully realize the promise of chatbots.
AGI is defined as a system capable of learning all information and possessing cognitive abilities. When it has accumulated enough information, the system can outperform humans. It also understands how to use its self-training abilities to make new AGIs that outperform the prior generation.
According to Reuters, this year’s World Economic Forum will focus on artificial intelligence and its implications. Previously, in March 2023, Geoffrey Hinton, a Turing Award-winning scientist, told CBS News: “I used to think it would take humans 20-50 years to achieve AGI, but today things are evolving too quickly. Our challenge is to figure out how to control them.
On the question of whether AI would aggravate economic inequality, causing disruption in the working class, Sam Altman stated that this is inevitable but must be treated seriously. He believes that artificial intelligence is yet not capable of replacing employment on a massive scale, as many economists worry. On the contrary, technology has advanced to the point of being a “incredible tool for increasing productivity.”
Last year, Goldman Sachs calculated that the newest AI discoveries might automate 25% of occupations, resulting in a productivity boom and a 7% increase in global GDP over the next decade.
Meanwhile, the International Monetary Fund (IMF) anticipates that the growth of artificial intelligence (AI) will influence approximately 40% of global occupations. At WEF 2024, IMF Managing Director Kristalina Georgieva stated that as AI grows more widespread, it would both benefit and hurt the workforce. Office workers are believed to be at a higher risk than manual occupations. “In the most extreme cases, some jobs could disappear,” Georgieva projected.
PwC conducted another study of 4,702 business leaders at Davos, and 46% of respondents predict AI to produce profits in 2024 while reducing employment by 5%. However, 47% of respondents indicated the technology will have little or no influence on business operations.
GPT-5 model will be introduced in 2024
In a chat with Bill Gates this week, Sam Altman stated that GPT-5 will be released this year. The new AI model will have a significant influence on startups due to improved reasoning, more consistent output outcomes, and more customization capabilities.
According to Altman, what distinguishes GPT-5 from other AI models is its ability to recognize context and solve complicated issues with precise, nuanced solutions. GPT-5 is also intended to excel at customisation, allowing firms to tailor AI solutions to their individual needs, resulting in a more natural experience.
Currently, the free version of ChatGPT employs the GPT-3.5 model, but the commercial edition of ChatGPT Plus uses GPT-4 and GPT-4 Turbo.
