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The future of AI has long been discussed, but now the CEO of OpenAI Sam Altman has penned a personal blog post that admits the short-term may not be much different.
This insight came as he listed out three observations about the economics of AI.
While many often give reasons for how AI could change lives overnight, Altman said the “world will not change all at once; it never does.”
Instead, he expects people in 2025 to “mostly spend their time in the same way they did in 2024. We will still fall in love, create families, get in fights online, hike in nature, etc.”
Three Observations:https://t.co/Ctvga5vfMy
— Sam Altman (@sama) February 9, 2025
The CEO, however, predicts that “the future will be coming at us in a way that is impossible to ignore” with “the long-term changes to our society and economy” being huge.
The American entrepreneur co-founded the artificial intelligence company OpenAI which launched the ChatGPT product in November of 2022.
The chatbot has become hugely popular with people from a range of industries, all over the world, with it reaching one million users in the first five days of launch. It became the fastest-growing consumer application in history according to a UBS study.
Within his first observation, he explains how AI intelligence scales with log of the resources. He also states that the cost of AI falls around 10x every 12 months, with lower costs equating to much more use.
The third point suggests that the value of increasing AI intelligence is super-exponential.
“We will find new things to do, new ways to be useful to each other, and new ways to compete, but they may not look very much like the jobs of today,” Altman says when looking to the long-term future.
He also predicts the “price of many goods will eventually fall dramatically (right now, the cost of intelligence and the cost of energy constrain a lot of things), and the price of luxury goods and a few inherently limited resources like land may rise even more dramatically.”
In just a few short years, smart technology and AI have grown exponentially. Now, there are AI chatbots used for answering questions and running customer service, as well as home appliances and mobile phones littered with the latest AI tools.
“AI will seep into all areas of the economy and society; we will expect everything to be smart.
“Many of us expect to need to give people more control over the technology than we have historically, including open-sourcing more, and accept that there is a balance between safety and individual empowerment that will require trade-offs.”
With the technology still being relatively new and ever-changing, the future of the industry remains largely unknown, with many eyes on governments to see which regulations are put into place.
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