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How Sam Altman Can Shape Remote Hiring in Web3 and Crypto

2 mins
Updated by Geraint Price
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In Brief

  • The process by which OpenAI reinstated Sam Altman suggests a shifting labor market that gives more sway to workers with AI and in-demand skills.
  • AI's use in UK recruitment has escalated after some firms cut back on hiring after recent economic data showed evidence of persistent inflation.
  • AI is also muddling the picture for economists as to the state of the labor market, since some companies could be hiring people for remote jobs.
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Recruitment firms seeking the best talent are testing artificial intelligence (AI) tools to widen the sweep of their candidate searches. The reinstatement of Sam Altman as OpenAI CEO shows how AI shapes job market hiring practices for in-demand skills in Web3, AI, and other industries.

Highly skilled employees of OpenAI staged a mutiny after the board fired CEO Sam Altman for alleged obfuscation. Altman clashed with several board members, including a scientist, Ilya Sutskever, over concerns that OpenAI’s technology was not considering safety.

How Altman Swayed Tech Titans

But, under pressure from OpenAI investors and tech CEOs, the board reinstated Altman in just four days. The company did so because several employees who threatened to resign were among OpenAI’s most skilled and hard to replace.

This precedent of skilled workers holding sway over a company’s labor practices has implications for AI’s role in hiring for tomorrow’s jobs, including those in Web3. Recent studies found that remote gig workers, particularly those who only offer a single skill, are most likely to take a hit from the onslaught of AI. On the other hand, people with in-demand or multiple job skills that result in their hiring in cutting-edge fields are more likely to attract sustained employment.

AI is Taking Wages
AI is Taking Wages | Source: Financial Times

During his time as a free agent, Altman was offered financial backing even if he remained outside OpenAI, suggesting he was difficult to replace. But, some have argued that the reinstatement creates an unhealthy precedent. One person familiar with the negotiations between Altman and the board said Altman is able to shape narratives and push situations into the shape that worked for him.

Read more: The 6 Hottest Artificial Intelligence (AI) Jobs in 2023

Impact of AI on Web3 Remote Job Hiring

Altman’s unanimous rapport also begs questions on the approach recruiters use to suss out the best candidates. Unilateral decisions could exclude candidates who may not even be considered but could be capable of filling a role. And, in an ironic twist, the technology to fix that is powered by AI.

Some recruiters in the UK are finding these gems after Altman proposed giving companies their own AI models to customize. These companies can use terms like “AI,” “Web3,” and “remote hiring” to find candidates outside traditional recruitment channels. The use of AI became especially important after UK companies cut back on permanent employment earlier this year. 

Read more: A Guide to The Most In-Demand Jobs Among Candidates in Web3

OpenAI DevDay, Opening Keynote. Source: YouTube

Last month, the Bank of England said that inflation was too high, implying a need for more interest rate increases and job losses. However, the government may need more data to understand the role of remote workers in inflating prices. Premature interest rate cuts could have implications for the bond market and the savings of ordinary citizens.

Read more: Start Your Remote Web3 Career With BeInCrypto

Do you have something to say about AI in Web3 remote jobs hiring, or anything else? Please write to us or join the discussion on our Telegram channel. You can also catch us on TikTokFacebook, or X (Twitter).

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David Thomas
David Thomas graduated from the University of Kwa-Zulu Natal in Durban, South Africa, with an Honors degree in electronic engineering. He worked as an engineer for eight years, developing software for industrial processes at South African automation specialist Autotronix (Pty) Ltd., mining control systems for AngloGold Ashanti, and consumer products at Inhep Digital Security, a domestic security company wholly owned by Swedish conglomerate Assa Abloy. He has experience writing software in C,...
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