I see both sides.

They're probably going to completely (and intentionally) collapse the labor market. This has never happened before, so there is no historical prescedent to look at. The closest thing we have was the industrial revolution, but even that was less disruptive because it also created a lot of new factory jobs. This doesn't.

The public hope is that this catastrophic widening of the gap between the rich and poor will force labor to organize and take some of the gains through legislation as an altenative to starving in the streets. Given that the technology will also make coercing people to work mostly pointless, there may not be as much pressure against it as there historically has been. Altman seems to be publically thinking in this direction, given the early basic income research and the profit cap for OAI. I can't pretend to know his private thoughts, but most people with any shred of empathy would be pushing for that in his shoes.

Of course, if this fails, we could also be headed for a permanent, robotically-enforced nightmare dystopia, which is a genuine concern. There doesn't seem to be much middle-ground, and the train has no brakes.

The IP theft angle from the end of the article seems like a pointless distraction though. All human knowledge and innovation is based on what came before, whether AI is involved or not. By all accounts, the remixing process it applies is both mechanically and functionally similar to the remixing process that a new generation of artists applies to its forebears, and I've not seen any evidence that they are fundamentally different enough to qualify as theft, except in the normal Picasso sense.

Interesting times.

Yes, the second half is where the conversation gets interesting, by far.