Skip to main content

Share story

AI

Ex-OpenAI Executive: AI Will Create Far More Winners Than Losers

Bloomberg Live Schedule Image: Primary
Zack Kass, former head of go-to-market at OpenAI, pushed back on pessimistic narratives around artificial intelligence's economic impact during remarks at the Citi Macro Conference in Hong Kong on Monday. Kass, who has emerged as one of the more prominent voices on enterprise AI adoption since leaving OpenAI, told Bloomberg that while AI investment is still in early stages, the technology will ultimately benefit a broad range of industries and individuals rather than consolidating gains among a narrow few. "AI is going to make a lot of winners," Kass said from the conference sidelines. He declined to name specific companies or sectors but emphasized that businesses actively working to integrate AI now are positioning themselves ahead of competitors. Kass's comments come as investors and executives wrestle with how to allocate resources toward AI initiatives amid mixed early returns. Corporate AI spending has accelerated sharply over the past two years, with cloud providers and enterprise software vendors racing to embed AI across product offerings. The former OpenAI executive has been a fixture on the speaking circuit since departing the company, offering guidance to enterprises on how to operationalize AI beyond pilot programs. His optimistic framing aligns with the broader bet that AI productivity gains will eventually show up across company balance sheets.
Sources
In this story
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital AI
Capital AI

Nevis raises $70M with Schwab joining wealth software investors

Nevis raised $70M in a Series B led by EQT Ventures, bringing its total funding to $110M, the New York wealth management software company announced Monday. Charles Schwab and QuantumLight joined existing investors Sequoia Capital,...

Robotics Capital
Robotics Capital

Bedrock Robotics raises $600M at a $4.1B valuation

Bedrock Robotics raised a $600M Series C at a $4.1B valuation, Bloomberg reported. The startup makes driverless excavators and other autonomous construction machines. The financing adds capital to a company developing autonomous ...

Capital
Capital

Matiks raises $10 million to expand puzzle games and game creation

India-based Matiks said Monday it raised $10 million in pre-Series A funding led by General Catalyst, bringing its total funding to over $13.5 million. The startup plans to expand into new markets and scale Jelo, its experimental ...

AI Products
AI Products

AWS makes GPT-6.1 Terra generally available on Bedrock

AWS announced general availability of OpenAI's GPT-6.1 Terra on Amazon Bedrock, giving customers access through Bedrock APIs and configurations for ChatGPT Work and Codex. The model accepts text and images and supports up to 1 mil...

AI
AI

OpenAI releases GPT-6.1 Terra at $1 per million input tokens

OpenAI has released GPT-6.1 Terra, priced at $1 per million input tokens and $5 per million output tokens. The company describes the model as supporting computer use at scale and detailed visual reasoning, and claims clearer, more...