27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
A resurfaced video featuring an OpenAI engineer has sparked renewed debate over the potential impact of artificial intelligence on the job market.
In the video, Brian Wu, an engineer at OpenAI, admits, “It’s kind of deeply unfair that, you know, a group of people can just build AI and take everyone’s jobs away, and in some sense, there’s nothing you can do to stop them right now.”
This statement was in response to the interviewer asking Wu whether there’s anything people can do to prepare for a job market that is heavily influenced by Artificial Intelligence (AI).
Wu explained that people can only “petition for regulation and maybe raise awareness of just the problems that are possibly coming.” Further saying, “Join us and … have one of the few remaining jobs. I don’t know. It’s rough.”
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He also suggested that the best solution to mitigate these issues is to, “redistribute income.” At that point, a fellow engineer from OpenAI, Daniel Kokotajlo, interjected, “AGI is going to create tremendous wealth and … it’s going to make everyone incredibly wealthy.”
These two engineers aren’t the first employees of the company to voice their concerns. A couple of months earlier, the CEO and co-founder of OpenAI, Sam Altman, shared in an interview with The Atlantic that “A lot of people working on AI pretend that it’s only going to be good; it’s only going to be a supplement. No one is ever going to be replaced,” he stated. “Jobs are definitely going to go away, full stop.”
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AI Anxiety
The concern over artificial intelligence replacing human jobs is not a new phenomenon. Since OpenAI introduced its ChatGPT to the public, workers have consistently voiced their concerns about the security of their roles.
Two-thirds of people surveyed by EY in December of last year responded that they were concerned about AI replacing their role. This anxiety is not baseless, as AI’s capabilities expand rapidly. Industries ranging from customer service to finance are already seeing significant changes due to AI integration.
A report by the World Economic Forum states that, by 2025, AI could displace 85 million jobs while creating 97 million new ones. However, the transition may not be smooth for everyone. The skill sets required for new roles could differ significantly from those replaced, resulting in a challenging job market for many workers.
According to another report from the IT consulting firm AND Digital, 43% of CEOs surveyed believe AI could replace the CEO’s job. At the same time, 45% of them admitted to making major business decisions using data and information from ChatGPT.
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27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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