AI BriefingOpenAI's New Economic Analysis
Key point
OpenAI announced a collaboration to analyze the economic impact of ChatGPT and study changes in the labor market.
Details
OpenAI released its first report analyzing the economic impact of ChatGPT, which is used by over 500 million users worldwide. Currently, ChatGPT processes over 2.5 billion messages daily, and 28% of employed adults in the U.S. use it for work.
Specific examples of productivity gains are as follows:
- Teachers: Save about 6 hours per week in work time
- Pennsylvania state employees: Save an average of 95 minutes per day on repetitive tasks
- Entrepreneurs: Accelerate building and running new startups
OpenAI will conduct a 12-month research collaboration led by economist Ronnie Chatterji, along with Jason Furman of Harvard University and Michael Strain of AEI. Through the newly established OpenAI Workshop in Washington D.C., they plan to develop metrics and research agendas to analyze AI's impact on productivity and the labor market.
AI is a transformative technology that expands human thinking and creativity. OpenAI plans to prepare for job changes caused by technological shifts, and focus on democratizing access and guiding economic systems so that the benefits of AI go to everyone rather than being concentrated among a few.
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