'62-Year-Old Doesn't Want to Go Retrain': OpenAI CEO Sam Altman Says Older Workers Need to Embrace AI — or Face Losing Their Jobs Sam Altman, the CEO of ChatGPT-maker OpenAI, says that young people are the best-positioned to adjust to changes brought about by new technology.

By Sherin Shibu Edited by Melissa Malamut

Key Takeaways

  • OpenAI CEO Sam Altman said he was "more worried" about AI’s impact on 62-year-olds who don’t want to retrain their skills than he was about recent graduates.
  • AARP surveys show that some older workers view AI as a threat because it can replace workers.
  • Altman said soon-to-be retirees should embrace AI and all the financial opportunities it brings.

OpenAI CEO Sam Altman acknowledges that AI can change the workforce and replace some jobs for good — but instead of focusing on AI's effects on recent college graduates, Altman is more concerned about the technology's impact on soon-to-be retirees.

In a podcast episode of "Huge Conversations" with Cleo Abram, released last week, Altman said that he was "more worried" about what AI meant for "the 62-year-old that doesn't want to go retrain" than the "22-year-old" just graduating college. The reason? Young people are "the best" at readily adjusting to changes brought on by technology, even when that technology replaces jobs.

Related: Here's What 'Terrifies' OpenAI's CEO About Financial Institutions Today: 'This Is a Huge Deal'

"I think it's totally true that some classes of jobs will totally go away," Altman said on the podcast. "This always happens, and young people are the best at adapting to this."

Altman mentioned that if he were 22 years old and just finishing college, he would be excited and "feel like the luckiest kid in all of history" because of the new opportunities that AI provides. Recent grads can use AI to start new companies, write code, and fill in any gaps in their skills.

"You have access to these tools that can let you do what used to take teams of hundreds," Altman said.

But for older workers, it can be difficult to upskill and learn how to use AI. According to an AARP survey released last year, the majority of Americans age 50 and older (85%) have heard of AI, but less than 33% are enthusiastic about it. Only two in five older workers claim to be knowledgeable about the technology. Another survey in May found that 31% of older employees see AI both as a threat and an opportunity. Under the threat category, most respondents (61%) indicated that AI had the potential to replace workers.

Even if Altman isn't worried about AI's impact on college graduates, other CEOs are sounding the alarm. In May, Dario Amodei, the CEO of Anthropic, predicted that AI would wipe out half of all entry-level, white-collar jobs within the next five years. Billionaire Mark Cuban had a softer prediction, stating in the same month that AI would replace jobs, but lead to more employment overall.

Altman said on the podcast that AI makes it now possible for one person to create a company entirely on their own that will reach unicorn status, or achieve a valuation of $1 billion or more, for the first time. That person can create a product or service that adds value to the world by learning AI tools and using them to formulate novel solutions, Altman said.

"You have access to these tools that can let you do what used to take teams of hundreds," Altman stated on the podcast.

OpenAI CEO Sam Altman. Photo by Andrew Harnik/Getty Images

Meanwhile, Nvidia CEO Jensen Huang recently said that AI opens the doors to users (of all ages) by equalizing the playing field of technology, allowing anyone to create code with natural language prompts pushed through an AI code editor. He said that lets users create new products and services, and in turn creates more chances to generate revenue. Huang cautioned, though, that employees who don't use AI will be replaced by those who can use the technology.

Nvidia, which is the most valuable company in the world by market cap, produces AI chips that power OpenAI's ChatGPT.

ChatGPT was on track to reach 700 million weekly active users last week.

Join top CEOs, founders and operators at the Level Up conference to unlock strategies for scaling your business, boosting revenue and building sustainable success.

Related: The CEO of the World's Most Valuable Company Says This Would Be His College Major in 2025

Sherin Shibu

Entrepreneur Staff

News Reporter

Sherin Shibu is a business news reporter at Entrepreneur.com. She previously worked for PCMag, Business Insider, The Messenger, and ZDNET as a reporter and copyeditor. Her areas of coverage encompass tech, business, strategy, finance, and even space. She is a Columbia University graduate.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

'Pre-Boarding Scam': Customers Furious at Southwest Airlines After 20 Passengers Ask For Wheelchair Assistance to Board

A viral tweet is slamming the airline's wheelchair policy for boarding and disembarking.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Anthropic Is Now One of the Most Valuable Startups of All Time: 'Exponential Growth'

In a new funding round earlier this week, AI startup Anthropic raised $13 billion at a $183 billion valuation.

Leadership

My Business Hit $1 Million — Then a $46,000 Mistake Exposed the Biggest Bottleneck to Explosive Growth

How a costly mistake forced me to confront the real barrier to scaling and the changes that unlocked explosive growth beyond $1 million.

Growing a Business

My Profitable Company Is Worthless to Investors — Here's Why That Works in My Favor

My business is profitable, stable and 25 years strong — but it has no transferable value. Here's why some successful companies just aren't built to sell and why that's not always a problem.