Carson Block

And in a way, it's interesting because

Certainly when it comes to AI, I mean, scale, I would think will remain everything.

But in so many industries, this is going to be anti-oligopolistic, this technology.

So if I'm correct about that, that'll be a nice outcome on the back end where small businesses don't have so much of a cost disadvantage to large businesses.

I don't see an alternative to that.

Otherwise, we'll just have tremendous societal instability.

Well, I guess, you know, which view?

I mean, are you challenging that AI will displace as many people as quickly?

I mean, you alluded to one of the counterarguments that Jevons paradox, right?

Like new technologies always create new jobs.

I don't think this holds this time because the rate of change is going to be... So for a long time, I'm talking 15 years, maybe this is just because I'm really cynical, but I've been fond of saying that

Humans are able to innovate and invent technologies faster than we're able to adapt to them, whether these are financial technologies such as financial derivatives or deep sea drilling technologies, you name it.

So we invent and innovate.

Think we understand the risks and how to manage them.

Find out we don't.

We have some kind of calamity.

But on the back end, we say, OK, now we've learned.

But the problem is when you have these machines building the next generation of machines, the rate of change is going to be and it's going to continue.

The rate of change will increase in terms of the improvement of capability.

we are, in my view, just not going to be able to adapt ourselves quickly enough to catch up.