OpenAI chief economist Ronnie Chatterji stated that the rise of artificial intelligence does not make human labour superfluous, Bloomberg reported. “Just because a job task is susceptible to AI does not mean AI will replace it,” Chatterji said at the European Central Bank's annual forum in Sintra, Portugal. He emphasized that early concerns about AI leading to job losses have not manifested, citing software development as an example: “It was once predicted that software development jobs would decline significantly as AI capabilities continued to grow, but this has not occurred as many had expected.”