Carson Block

Thank you.

Thanks for having me.

Let me just state that as background, I was a skeptic.

So until February of this year, I refused to refer to any of the models that are out there that we're using as AI.

They are large language models.

And so I said, okay, these things are not going to ever find the cure for cancer.

They are not that intelligent.

It's not artificial intelligence.

They're LLMs.

Now, the current generation of LLMs that was released in January, early February of this year changed my mind to some extent.

They're not going to independently develop the cure for cancer.

I mean, I used to term them the greatest search engines ever developed, and that effectively they are.

But their ability to synthesize that information and order that information, I mean, there's real labor savings to be had right now.

in certain areas of knowledge industries, I mean, such as investment.

I mean, I immediately began using Claude to run Monte Carlo simulations that I previously would have needed somebody who was pretty young, recently graduated from a top university who was strong in math to run.

The thing that's important

to really understanding or that changed my view as to what LLMs are going to do to the labor market is that this generation was coded and tested in large part by its predecessor generation.

It is coding and testing its successor generation.

So...

You have a situation where the leading users of this generation of AI model, I mean, they're in the technology industry, they are able to supplant by using AI or displace multiple members of a team.