OpenAI appoints Aaron Ronnie Chatterji as first chief economist, an Indian-American

OpenAI has appointed renowned economist Aaron Chatterji as its first Chief Economist, who is an Indian-American. He aims to ensure that the economic advantages of AI are widespread and that the transition to AI-driven systems is smooth. Here is everything you need to know.

In Short

• OpenAI has appointed renowned economist Aaron "Ronnie" Chatterji as its first chief economist
• He is an Indian-American, who will be looking at how AI can reshape industries
• He aims to ensure that the transition to AI-driven systems is smooth

OpenAI has appointed renowned economist Aaron "Ronnie" Chatterji as its first Chief Economist. With an extensive background in both academia and public policy, Chatterji is set to lead the company's research into how AI will influence economic growth, job markets, and industry trends worldwide.

Chatterji, currently a professor of business and public policy at Duke University, brings a wealth of experience, having served in key roles within the Obama and Biden administrations. He was instrumental as the Biden administration’s CHIPS coordinator, overseeing the $52 billion CHIPS and Science Act, and served as Chief Economist for the US Department of Commerce. His leadership on economic strategy and innovation makes him a valuable addition to OpenAI’s leadership team.

Chatterji’s focus at OpenAI will be on exploring how AI can reshape industries, particularly in areas like employment and economic infrastructure. His research will offer crucial insights to policymakers and businesses as they navigate the opportunities and challenges posed by AI. He aims to ensure that the economic advantages of AI are widespread and that the transition to AI-driven systems is smooth for both companies and communities.

As AI continues to evolve, there are growing concerns about its potential to displace jobs and disrupt industries. A recent study co-authored by OpenAI researchers suggested that up to 80 per cent of American workers could see some of their job tasks impacted by AI, with nearly 20 per cent facing significant disruption. Chatterji's role will be pivotal in understanding these shifts and ensuring that AI’s benefits are equitably distributed.

The company has made several high-profile hires recently, including Chris Lehane, a former White House lawyer, as Vice President of Global Affairs, and Paul M. Nakasone, a four-star US Army General and former head of the National Security Agency, to bolster its strategic growth and global positioning.

As the first Chief Economist, Chatterji will not only focus on how AI can drive economic growth but also on the infrastructure needed to support AI's rapid advancements. His efforts will be key in ensuring that the transition to AI benefits a wide array of industries, helping them adapt to the challenges and opportunities that this powerful technology brings.