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You are at:Home » OpenAI CEO Sam Altman Announces Federal Reserve Confab Will Incorporate AI
OpenAI CEO Sam Altman Announces Federal Reserve Confab Will Incorporate
Technology July 23, 2025

OpenAI CEO Sam Altman Announces Federal Reserve Confab Will Incorporate AI

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On his recent visit to Washington, OpenAI CEO Sam Altman articulated a stark vision of a future dominated by AI, where entire job sectors could vanish. The President has embraced ChatGPT’s guidance, leveraging artificial intelligence as a potential tool for mass disruption.

Addressing the Capital Framework meeting during a substantial gathering of banking executives at the Federal Reserve, Altman asserted that advancements in AI will lead to the complete eradication of certain jobs.

“I believe some roles will be entirely obsolete,” he stated. “That’s the category I’m referring to. When you reach out for customer support, you’re interacting with AI. That’s acceptable.”


During the discussion, Altman conveyed his thoughts to Michelle Bowman, the Federal Reserve’s Vice Chairman for Oversight, saying, “As the founder of OpenAI, I have already seen a significant transformation in customer service.”

He shifted the conversation to healthcare, proposing that the diagnostic abilities of AI surpass those of human doctors, although he cautioned against considering AI as the sole provider of medical care.

“Today, ChatGPT can outperform many doctors in diagnostics. However, patients still seek out physicians. I may not be the only one concerned, but I wouldn’t want to risk my health to an AI without a human doctor involved,” he remarked.

Altman’s visit coincided with the Trump administration’s unveiling of the “AI Action Plan,” aimed at clarifying and easing various regulations while advocating for more data centers. His recent engagement aligns with a federal government under Donald Trump that has embraced an accelerated approach, especially in contrast to the past few years. Despite the technological shifts over the years, under the Biden administration, OpenAI and its competitors have called for more robust AI regulations, while discussions under Trump focus on outpacing China.

In an informal discussion, he expressed that one of his main concerns is the rapidly advancing destructive potential of AI, suggesting that it could be weaponized to target the U.S. financial system. Despite being impressed by developments in voice cloning, Altman cautioned the audience regarding the same advancements that could enable sophisticated fraud and identity theft.

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OpenAI and Altman are clearly making significant strides in Washington, ready to engage in the discourse where Elon Musk once held prominence. With plans to establish his company’s first office in the capital next year, Altman appeared before the Senate Commerce Committee for his inaugural Congressional testimony since his high-profile appearance that catapulted him onto the global stage in May 2023.

Source: www.theguardian.com

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