Deric Cheng

Say GM would be a good example, or the railroad companies, or healthcare.

These modern corporations, we're looking at 10,000 to 100,000 people running the largest tech firms, right?

And now OpenAI and Anthropic are coming up with massive valuations with only a few thousand people.

What...

would be really concerning is the development of say superstar firms is a way to call them in which those people have or 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 that those superstar firms might eventually start to capture

say, a majority of the economic wealth or a majority of the economic gains or productivity increases.

And over time, that they might capture more and more of these existing industries while funneling their resources practically to only a very, very small subset of people.

Yeah, I think that

The trends implicated by AI are probably exacerbations or accelerations of the existing trends.

And so I think many of the positions that we might have thinking about the AI economic space are really just taking the current trends and speeding them up, exponentially increasing that, right?

Like, 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, or all of an entire other continent?

I think from the political perspective, there hasn't yet been really a strong leaning to from one end or the other of this.

Certainly, it could still be captured by both the conservative or the liberal factions.

I think one thing both parties and all people can agree on is that we do want good outcomes for human workers.

For example, in the US, we want good outcomes for the workers and the economy.

And that this might be something that could transcend political parties when and if we see significant labor disempowerment leading to weaker wages, lower consumption, a lower share of labor capturing the gains, and therefore just kind of a destabilization of our economy in ways that don't necessarily align with the prosperity that we would hope that AI would give us.

Yeah, I think it is entirely possible.

I wouldn't say I'm necessarily a doomsayer when it comes to AI economics.

I think that there will be massive increases in prosperity and growth.

And particularly for developing countries, a lot of tools will become accessible to them at a much more rapid rate than they otherwise would, right?