David Friedberg
speaker
8,052 appearances
60 recordings
4 series
first heard Apr 2024
last heard 21 Aug
David Friedberg’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 32 in all, peaking in Jan 2026 with 6.
Appearances
That's why this moment is so critical.
Anyway, I'm very appreciative to have an opportunity to serve and thankful to David for his leadership.
I think fundamentally, if you're driving productivity with AI, you're driving leverage on human time and leverage on capital.
The question is, how quickly can you drive that up?
And that's a function of how much consumption there is, how much capacity there is for consumption.
So on the one hand,
I'll just speak broadly.
I think like humans have this desire to improve their livelihoods by roughly 10% every year, meaning like your income and your ability to purchase stuff that's new relative to where you were last year has to go up by 10% for you to be happy.
If it's less than 10%, you're probably unhappy.
That's just like an anecdote.
Like, I think, I think that's sort of like my rubric for thinking about like, why are people unhappy or happy?
So if your earnings are the same, but things are getting more expensive, you're not happy.
if your earnings go up by 10%, and things stay the same price, you got 10% more than you had last year, you're you're gonna be happy.
I just think like all humans are driven by this need to consume more each year than they did last year.
So I think for me, that's like the lower limit on consumptive capacity in the world.
The question that we're now facing, which we've never faced in human history before, is there an upper limit on consumptive capacity?
Because AI creates such a profound shift in productivity and in leverage that normally you would say, hey, when we get a new tool or we get new leverage in a system, we build a new technology, we can make more with less.
Therefore, everyone gets access to more things for the same price or the cost of things that they consume come down by a certain price.
But there may be a situation now where the ability to make stuff exceeds the capacity to consume stuff.
And that is something that I don't think we've faced before.
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