As reported by The Wall Street Journal, just a year ago, a considerable number of business leaders were convinced that AI would result in substantial job losses. However, in the past month, there has been a noticeable shift in the outlook of tech company CEOs, with a turn towards optimism. OpenAI CEO Sam Altman, who had earlier forecasted that AI would deliver a significant blow to the labor market, revised his stance by the end of May this year. He acknowledged that while technological predictions have largely held true, the evaluations of their social and economic repercussions have been significantly flawed. Altman underscored that AI is not on the verge of triggering widespread unemployment, noting that the number of white-collar jobs expected to be replaced by AI has been far lower than anticipated. He highlighted that many roles still necessitate human interaction, a domain where AI falls short. Altman pointed out that technological progress will indeed transform the essence of occupations but will not lead to mass unemployment; rather, it will generate new job opportunities and help rebalance the employment landscape.