Summary: The author discusses the potential benefits of Artificial General Intelligence (AGI) for humanity, emphasizing that it could significantly improve our lives and economy. He highlights three key observations about AI economics, including its decreasing cost and increasing value. The integration of AGI into society will require careful consideration of public policy and individual empowerment to ensure that its advantages are shared widely.
People are tool-builders with an inherent drive to understand and create, which leads to the world getting better for all of us. Each new generation builds upon the discoveries of the generations before to create even more capable tools—electricity, the transistor, the computer, the internet, and soon AGI. (View Highlight)
Over time, in fits and starts, the steady march of human innovation has brought previously unimaginable levels of prosperity and improvements to almost every aspect of people’s lives. (View Highlight)
The cost to use a given level of AI falls about 10x every 12 months, and lower prices lead to much more use. (View Highlight)
The socioeconomic value of linearly increasing intelligence is super-exponential in nature. (View Highlight)
But the future will be coming at us in a way that is impossible to ignore, and the long-term changes to our society and economy will be huge. We will find new things to do, new ways to be useful to each other, and new ways to compete, but they may not look very much like the jobs of today. (View Highlight)
Correctly deciding what to do and figuring out how to navigate an ever-changing world will have huge value; resilience and adaptability will be helpful skills to cultivate. (View Highlight)