The Globe and Mail reports in its Wednesday edition that Microsoft-backed OpenAI chief Sam Altman said on Tuesday that the rapid development of artificial intelligence would not result in a global "jobs apocalypse" and has not impacted white-collar jobs as much as he initially feared. A Reuters dispatch to The Globe reports that Mr. Altman expressed that while his predictions about AI technology have been largely accurate since the launch of ChatGPT in 2022, he was mistaken about its social and economic implications. Mr. Altman said: "I'm delighted to be wrong about this. I thought there would have been more impact on entry-level white-collar jobs being eliminated by now than has actually happened. I now think I understand more about why it hasn't, and I'm obviously grateful but that is an area where my intuitions were just off." Mr. Altman did not cite any jobs numbers on Tuesday but has previously talked about potential industry-wide job cuts owing to AI's advancement. A growing number of global companies, including HSBC, Amazon and others have announced some jobs within their companies were being replaced by AI. OpenAI is preparing to confidentially file for a U.S. initial public offering in the coming weeks.