AI will help lower prices, but could be used by authoritarian governments, OpenAI CEO Sam Altman says
Published On Feb 10, 2025, 9:32 AM
Sam Altman, CEO of OpenAI, predicts that advancements in artificial intelligence (AI) will lead to significant reductions in the prices of many goods. He emphasizes that while many products' costs will decrease, prices for luxury goods and limited resources, such as land, may actually increase. He also warns of the potential misuse of AI by authoritarian governments for control, while asserting the necessity for the benefits of AI to be distributed broadly across society. Overall, his forecast highlights a transformative impact of AI on the economy and societal structures.
Stock Forecasts
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With AI expected to lower operational costs and enhance productivity across various sectors, technology companies, particularly those focused on AI and machine learning, may see significant growth. This could benefit related ETFs and stocks as AI integration progresses.
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