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405•08/24/2026, 10:45•2 min read

Sam Altman Admits He Overestimated the Speed of AGI Development

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Sam Altman Admits He Overestimated the Speed of AGI Development

AI Daily Digest•Verified Tech Release
Executive TL;DR30s read

Sam Altman shared his thoughts on the development of AGI and its impact on the economy, acknowledging that he was mistaken about the speed of change.

Sam Altman Admits He Overestimated the Speed of AGI Development

Something like this was certainly to be expected: we were promised a shift in the economy and AGI by 2026, and that deadline is approaching. So, justifications are in order.

Here’s what Sam says:

I thought that when we reached GPT-4 in 2023, there would be a much greater upheaval immediately after, and IT companies would be under threat much faster than it has turned out to be.

I think I was wrong about the speed because the economy has huge inertia.

People continue to do the same things, buy from the same companies, and want to use their tools in the same way. I think that, in many ways, this is good, and it will make the big transition smoother and slower.

We were all too ambitious about the timelines. Even with this incredible technology, society and the economy will adapt more slowly.

Why it matters

Analysis

This is important because Sam Altman's insights can influence the understanding of AGI development and its impact on the economy. Understanding the pace of change will help companies better adapt to new conditions.

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