OpenAI CEO Sam Altman warned that artificial intelligence-powered software such as GPT-4 would cause some jobs to disappear in the near term.

The technology will "entirely automate away some jobs," Altman told the Senate Judiciary Committee on Tuesday.

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Altman said, however, that the software would eventually create new jobs "that we believe will be much better." The CEO appeared alongside IBM Chief Privacy and Trust Officer Christina Montgomery and New York University professor Gary Marcus at a hearing to comment on their recommendations for legislative regulations.

Altman recommended in his initial testimony that rules should be imposed on AI "above a crucial threshold of capabilities" and that companies should be subject to a “combination of licensing or registration requirements” for the release of advanced models.

Montgomery said Congress should "establish rules to govern the deployment of AI in specific use cases, not regulating the technology itself."