OpenAI CEO Sam Altman told a panel of senators Tuesday that his greatest fear as his company develops artificial intelligence capabilities is that it causes major harmful disruption for people, and acknowledged that AI has this potential downside if it isn’t properly regulated.

"My worst fears are that we cause significant – we, the field, the technology industry – cause significant harm to the world," Altman told a Senate Judiciary subcommittee. "I think that could happen in a lot of different ways. It’s why we started the company."

"It think if this technology goes wrong, it can go quite wrong and we want to be vocal about that," he added. "We want to work with the government to prevent that from happening."

OPEN AI CEO SAM ALTMAN FACES SENATE PANEL AS PRESSURE BUILDS TO REGULATE AI

OpenAI CEO Sam Altman

Sam Altman, CEO of OpenAI, takes his seat before the start of the Senate Judiciary Subcommittee on Privacy, Technology, and the Law Subcommittee hearing on "Oversight of A.I.: Rules for Artificial Intelligence" on Tuesday, May 16, 2023. (Bill Clark/CQ-Roll Call, Inc via Getty Images)

"But we try to be very clear-eyed about what the downside case is and the work that we have to mitigate that," Altman added.

Altman’s admission, and comments from him and other witnesses about the need for government regulation around AI, prompted Sen. Dick Durbin, D-Ill., to note that companies rarely come to Congress to say "please regulate us."

Subcommittee Chairman Richard Blumenthal, D-Conn., said one of his specific worries is job loss, and Altman acknowledged that jobs will likely be affected.

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Sam Altman

Altman acknowledged that if AI isn't regulated property, it could go "quite wrong." (Senate Judiciary )

"Like with all technological revolutions, I expect there to be significant impact on jobs, but exactly what that impact looks like is very difficult to predict," he said. But Altman also said he was optimistic on how jobs might evolve around this new technology.

"I believe that there will be far greater jobs on the other side of this, and the jobs of today will get better," he said. "I think it will entirely automate away some jobs, and it will create new ones that we believe will be much better."

Even here, Altman acknowledged that the government should step in to make sure these changes are managed.

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US Senator Richard Blumenthal (D-CT)

Sen. Richard Blumenthal, D-Conn., said he's worried about job losses due to AI. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) (MANDEL NGAN/AFP via Getty Images)

"There will be an impact on jobs. We try to be very clear about that, and I think it will require partnership between the industry and government but mostly action by government to figure out how we want to mitigate that," he said. "But I’m very optimistic about how great the jobs of the future will be."

The top Republican on the subcommittee, Sen. Josh Hawley, R-Mo., said he’s worried about how AI might be used to create fake campaign ads in an effort to sway people with false information in the run-up to elections.

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Altman agreed that this is a "significant area of concern" and said it would be "quite wise" for the government to pursue regulations in this area.