OpenAI CEO Sam Altman admitted in an interview with ABC News that the company and himself are “somewhat scared” by the potential of ChatGPT, reports Insider.

“I think if I said I were not, you should either not trust me, or be very unhappy I’m in this job,” he added.

Altman also noted that AI could “eliminate a lot of jobs, but it could also lead to the creation of “much better ones.”

“The reason to develop AI at all, in terms of impact on our lives and improving our lives and upside, this will be the greatest technology humanity has yet developed,” Altman is confident.

OpenAI’s CEO also noted that he is in “regular contact” with government officials and said that regulators and the public should be involved in the deployment of ChatGPT. After all, feedback can help curb any negative consequences from its widespread use.

Last month, the entrepreneur warned in a series of tweets that the world could be “not so far from a potentially scary” artificial intelligence. In tweets, Altman expressed support for AI regulation and said regulations are “critically important” and that society needs time to adjust to “something so big.”

Last week, OpenAI unveiled GPT-4, its latest chatbot model, which Altman called “less biased” and “more creative” than previous versions. It is only available to users who have paid for the Plus subscription for $20 per month.

The latest version is capable of processing image-based prompts, is more accurate than its predecessors, and allows users to have longer conversations with it.