Chatterji's research will delve into AI's effects on global economic trends, labor markets, and workforce adaptation to new technologies.

Previously, Chatterji served as Chief Economist at the U.S. Department of Commerce and has held significant roles in both the Biden and Obama administrations.

His experience includes being the White House CHIPS coordinator, where he oversaw the implementation of the CHIPS Act, which allocated substantial funding for semiconductor development.

Chatterji's background in the CHIPS Act may aid OpenAI as it explores its own chip design initiatives.

In addition to Chatterji, OpenAI has appointed Scott Schools, a former Uber executive, as its chief compliance officer to enhance legal and ethical standards.

These appointments reflect OpenAI's recent executive restructuring amidst significant leadership changes, including the departure of former chief technology officer Mira Murati.

OpenAI recently achieved a valuation of $157 billion following a record $6.6 billion funding round, indicating strong investor confidence despite management transitions.

CEO Sam Altman has acknowledged that while AI technology may displace some jobs, it will also create new opportunities, transforming labor markets.

The company's leadership changes and new appointments are part of OpenAI's broader strategy to responsibly advance AI technology.

As AI continues to evolve, experts predict it could significantly boost global GDP, with estimates suggesting contributions of up to $15.7 trillion by 2030.

OpenAI has appointed Aaron Chatterji as its first chief economist, a move aimed at researching the economic impact of artificial intelligence.

OpenAI has also launched the 'Realtime API', currently in public beta, which allows developers to integrate real-time voice interactions into various applications.