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AI’s Economic Gains Proving 'Elusive', OpenAI’s Sam Altman Concedes

The Australian

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OpenAI boss Sam Altman says AI has failed to deliver promised economic benefits, warning job market changes will differ drastically from expectations.

Summary

Sam Altman highlights a significant disconnect between the promised immediate economic benefits of AI and the observable reality of its current impact. He warns that labor market shifts will deviate drastically from previous expectations, potentially complicating the transition toward an AI-driven economy. This acknowledgment underscores the uncertainty in predicting how frontier AI capabilities will translate into structural societal changes. These findings are particularly relevant for global and Australian policymakers who are navigating the governance of economic stability and the mitigation of large-scale societal disruption caused by rapid AI deployment.

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AI’s economic gains proving ‘elusive’, OpenAI’s Altman concedesOpenAI boss Sam Altman says AI has failed to deliver promised economic benefits, warning job market changes will differ drastically from expectations. All your news for a great price Unlock this story and more with your subscription Digital Access What’s included Unlimited access on app & web A digital version of Today’s Paper Daily puzzles & Mind Games Complimentary access to The Wall Street Journal Subscriber-exclusive newsletters & early access to tomorrow’s front pages Pay As You Go No lock-in contract $4 for 4 weeksThen $44 charged every 4 weeks.* *Read the fine print The Australian Digital subscription costs $4 charged for a duration of 4 weeks, after which it automatically renews to $44 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. 12 Month Plan Lock in & save $7 a week for the first 12 months($364 min. cost) charged as $28 every 4 weeks. Then $28 charged every 4 weeks.* *Read the fine print The Australian Digital 12 Month Plan costs $364 (min. cost) for the first 12 months, charged as $28 every 4 weeks. This automatically renews after the first 12 months to be charged as $28 (min. cost) every 4 weeks unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each payment, once made, is non-refundable, subject to law.  Not in conjunction with any other offer. Prices after the first 12 months may be varied as per full Terms and Conditions. Seewww.theaustralian.com.au/subscriptionterms for full details. Benefits of Full Digital Access Unlimited access Expert news and commentary, accessible anytime on web & app. Today’s paper Swipe through the digital newspaper, liftouts, and archive. Newsletters Be in the know with subscriber-exclusive news emails. The Wall Street Journal Enjoy complimentary access to The Wall Street Journal. Mind Games Play daily crosswords, sudoku and more with Mind Games. Unlimited access Expert news and commentary, accessible anytime on web & app. Today’s paper Swipe through the digital newspaper, liftouts, and archive. Newsletters Be in the know with subscriber-exclusive news emails. The Wall Street Journal Enjoy complimentary access to The Wall Street Journal. Mind Games Play daily crosswords, sudoku and more with Mind Games. Subscribe Other subscription options Print + Digital Subscriptions Corporate Subscriptions Culture Travel + Luxury True Crime Podcasts Wealth Health Commentary Your Selection: $0 Your Selection – Change selection Today’s Total $0 Read the fine print Terms and Conditions Sorry, we are unable to process your request at this time. Please try again later.