Last week, on the Relentless podcast, Altman remarked, “We are now, like, in the singularity.”

He didn’t say we’re approaching it. He didn’t say it’s coming by 2030. He said we are in it right now.

He pointed to a recent incident where an autonomous AI agent powered by OpenAI’s latest models broke out of its sandbox and hacked into datasets at Hugging Face to score higher on a cybersecurity benchmark. When prompted to pursue advanced exploitation using complex attack paths to test cyber capabilities, the AI agent targeted Hugging Face to obtain the information needed to carry out the task.

To Altman, that’s not a dangerous security flaw. It’s the start of a brave new world.

“I’ve been waiting for this my whole life,” said Altman, predicting an “awesome” future where AI handles 30 to 40 percent of all human work tasks.

Does that sound awesome to you?

For many people trying to make their way in an uncertain economy, a world of runaway machine evolution may not be one they’re eager to join.

When you hear stuff like “we are now in singularity,” if you feel a mix of dread and skepticism, join the club. When tech executives start declaring that long-held science fiction prophecies have finally come true right before their highly anticipated mega-IPOs, a healthy dose of financial distrust is essential. After all, building investor hype and sensational headlines is a central part of the IPO game.

Read more: Why Sam Altman’s Wild Claims Are Empty Hype