Deric Cheng

it is very clear that the major AI companies have all expressed that their focus is to move towards full automation, that they are building tools and that they have the express interest in developing these tools to the degree that they can fully replace human workers.

What would be really concerning is the development of, say, superstar firms is a way to call them in which those firms have maybe 100 people or 500 people, but are augmented and supported by thousands of AI agents that allow them to function as much larger and much scalable corporations and eventually start to capture, say, a majority of the economic wealth.

What does it look like if the richest person in the world has a wealth of the same GDP as all of Africa, for example?

We have seen significant periods of instability, unrest, even revolution when inequality and when the gains from the economy are not well distributed enough.

And we might see similar outcomes if we see that the wealth gets overly concentrated within a small set of people.

Thanks for having me.

All right.

Do you want to introduce yourself?

Sure.

I'm Derek.

I'm the director of the Windfall Trust, which is a new nonprofit focused on responding to AI economic disruption from transformative AI scenarios.

And I also run a consortium of experts looking to what a new social contract might look like

after AGI enters society.

And we're calling that the AGI social contract.

We've been publishing essays on a regular basis about these topics and trying to explore how to reshape the social contract, how to reshape governments and society in a way that benefits society as a whole.

Yeah, I see that we are on a trajectory where corporations are going to be gaining more and more power overall.

I think that as we've all seen, there are maybe four to six tech giants that will be leading the wave of developing frontier AI and that it takes a significant amount of capital and investment in order to build these frontier AI systems.

I believe that as the value of these frontier AI systems starts to transition and diffuse into the rest of the economy,

we're probably going to see a lot of big players in specific industries, say, for example, Waymo with transportation or consolidation of healthcare companies.

And what that really looks like is that