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Altman: MBAs chasing yesterday's trends?
29 Oct
Summary
- Altman criticizes MBA students for following outdated trends.
- He believes now is a prime time for innovation due to disruption.
- AI will automate many current tasks, creating new business opportunities.
OpenAI CEO Sam Altman has voiced his consistent disappointment with MBA students, noting their tendency to gravitate towards business ideas that were popular approximately five years ago, rather than embracing novel concepts. Speaking at Stanford Graduate School of Business, Altman highlighted the current era of disruption as a prime opportunity for pursuing new ideas. He suggested that individuals beginning their careers should do so when change is at its peak and fields are most open, as those with drive and a different problem-solving approach often excel during such shifts.
Altman also projected that companies built on OpenAI's technology could eventually grow to be larger than OpenAI itself. He acknowledged that AI is poised to handle a substantial number of tasks more cheaply and rapidly than humans, with some job categories potentially being fully automated. However, he cautioned that this transition will likely unfold more slowly than many anticipate, simultaneously paving the way for new business ventures.