OpenAI chief executive Sam Altman says the company expects to keep hiring software developers but plans to sharply slow the overall pace of workforce growth as artificial intelligence takes on more internal work.
In its latest town hall meeting, Altman says OpenAI is now looking to take its foot off the gas pedal when it comes to hiring.
According to Altman, AI has ascended to the point where companies that have adopted the technology can do more with less.
“We’re going to keep hiring software developers, but we are for the first time, and I know every other company, every other startup is thinking about this too, we are planning to dramatically slow down how quickly we grow because we think we’ll be able to do so much more with fewer people.
And I think at this point, a lot of the impediments that we face or that other companies face, it’s just like the internal policies that have built up at most companies did not contemplate a majority AI coworkers. And that’s going to take a while.”
Altman highlights that it would be prudent for OpenAI and other companies to reflect on their hiring plans in the coming years, while taking into account AI capabilities.
“But what I think we shouldn’t do, and what I hope other companies won’t do either, is hire super aggressively, then realize all of a sudden AI can do a lot of stuff, and you need fewer people and have to have some very uncomfortable conversations.”
Altman’s comments come as reports recently emerged that OpenAI was courting investors in the Middle East to raise $50 billion. According to AI contrarian Gary Marcus, OpenAI needs to continue raising money as it burns around $36 billion in investor funds. Legendary Fidelity investor George Noble said just last week that OpenAI is flashing all the warning signs, describing the ChatGPT maker as “chaos dressed up in a $500 billion valuation.”
Disclaimer: Opinions expressed at CapitalAI Daily are not investment advice. Investors should do their own due diligence before making any decisions involving securities, cryptocurrencies, or digital assets. Your transfers and trades are at your own risk, and any losses you may incur are your responsibility. CapitalAI Daily does not recommend the buying or selling of any assets, nor is CapitalAI Daily an investment advisor. See our Editorial Standards and Terms of Use.