Aimed at spearheading research into the economic effects of artificial intelligence, OpenAI, backed by Microsoft (MSFT, Financials) has selected Dr. Ronnie Chatterji as its first Chief Economist. Former White House CHIPS coordinator and Duke University professor Dr. Chatterji will concentrate on how artificial intelligence affects long-term labor market trends, job creation, and economic development.
In his new position, Dr. Chatterji will investigate the worldwide economic consequences of establishing artificial intelligence infrastructure and understand how to assist the present and future workforce to maximize the advantages of the technologies.
Dr. Chatterji has held other positions, including Chief Economist at the U.S. Department of Commerce and Acting Deputy White House National Economic Council Director. He has published widely in strategic management, economics, and finance and helped North Carolina’s economic policy advisory committees.
OpenAI recently made news for boosting its value to $157 billion and receiving $6.6 billion in a financing round. This is the biggest venture capital round in history, demonstrating great investor confidence even with recent management exits. The business is expanding, and rumors abound about OpenAI maybe going public not too far off.
OpenAI also unveiled a fresh tool dubbed the “Realtime API.” With this technology, developers may include real-time voice interactions into their applications, offering speech-to-speech communication and tailored artificial intelligence experiences. Currently, the API is utilized in applications aimed at language acquisition and fitness coaching in public beta.