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Gustav Söderström

👤 Speaker
588 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

So I both subscribe to the product overhang idea, that there's a huge product overhang. And if we froze, I think we would see products shipped that look amazing for several years before we exhausted what we have. So I subscribe to that. But I also subscribe to that there is no limit for compute. Eventually, you get to Computronium.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

So I both subscribe to the product overhang idea, that there's a huge product overhang. And if we froze, I think we would see products shipped that look amazing for several years before we exhausted what we have. So I subscribe to that. But I also subscribe to that there is no limit for compute. Eventually, you get to Computronium.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

But if you look at just the physics of Computronium... What's Computronium? It's the most computational universe could do, theoretically. We're very far from that limit. So I think we're going to go all the way there before we stop. And I think we're going to be very inventive. There is a nice analogy. I don't know who came up with it, but I think Ben Evans talks about it quite often.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

But if you look at just the physics of Computronium... What's Computronium? It's the most computational universe could do, theoretically. We're very far from that limit. So I think we're going to go all the way there before we stop. And I think we're going to be very inventive. There is a nice analogy. I don't know who came up with it, but I think Ben Evans talks about it quite often.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

You know, when the spreadsheet came along, the idea was the same. Now all accountants are going to go out of business. What happened was we could just not imagine if calculation cost went to zero. What's going to happen is you could imagine that the value of doing that is going to go to zero because there were so many accountants in the world.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

You know, when the spreadsheet came along, the idea was the same. Now all accountants are going to go out of business. What happened was we could just not imagine if calculation cost went to zero. What's going to happen is you could imagine that the value of doing that is going to go to zero because there were so many accountants in the world.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

So what happened was we just started doing massively more accounting. When there's no cost to spreadsheeting, you're going to start to do models to predict the futures of this asset or good or something into the future forever. We just came up with so much more spreadsheeting that you could do. And it's bigger than ever.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

So what happened was we just started doing massively more accounting. When there's no cost to spreadsheeting, you're going to start to do models to predict the futures of this asset or good or something into the future forever. We just came up with so much more spreadsheeting that you could do. And it's bigger than ever.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

I think from a financial point of view, when the cost of something drops, the demand usually increases more than the drop. And I think that's bound to happen with intelligence. It is the ultimate thing. And to say like, no, I have enough intelligence. It's not interesting. I think we're going to be ashamed of how mundane things we spend inference on. Could my coffee be one degree warmer tomorrow?

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

I think from a financial point of view, when the cost of something drops, the demand usually increases more than the drop. And I think that's bound to happen with intelligence. It is the ultimate thing. And to say like, no, I have enough intelligence. It's not interesting. I think we're going to be ashamed of how mundane things we spend inference on. Could my coffee be one degree warmer tomorrow?

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

If it's truly no cost asking the questions, I think people will.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

If it's truly no cost asking the questions, I think people will.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

Maybe now's the time to ask you about sitting in the back garden with David Deutsch and talking to him about this concept of the beginning of infinity. Computronium made me think of your interest in this topic and your answer there that there's no endpoint here. It's just going to keep going. We're going to keep learning, keep deploying our new technology.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

Maybe now's the time to ask you about sitting in the back garden with David Deutsch and talking to him about this concept of the beginning of infinity. Computronium made me think of your interest in this topic and your answer there that there's no endpoint here. It's just going to keep going. We're going to keep learning, keep deploying our new technology.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

Can you talk about that book, why it influenced you, your conversation with him?

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

Can you talk about that book, why it influenced you, your conversation with him?

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

Yeah, so David Deutsch has been a hero of mine since I read the beginning of infinity. And then he wrote another book called The Fabric of Reality. He's considered the father of quantum computing. Obviously, quantum computing is one of these gifts that technology is going to give us, and it's about to get very real, I think, very soon.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

Yeah, so David Deutsch has been a hero of mine since I read the beginning of infinity. And then he wrote another book called The Fabric of Reality. He's considered the father of quantum computing. Obviously, quantum computing is one of these gifts that technology is going to give us, and it's about to get very real, I think, very soon.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

So I've always been interested in it because quantum mechanics is the most insane thing on this planet. We live in what we consider this reality, but if you go to the bottom layer, this is not reality. It's just some three-dimensional projection that we live in. The Fabric of Reality had a big impact on me. Isn't Everettian, he believes in multiple worlds scenario.

Invest Like the Best with Patrick O'Shaughnessy
Gustav Söderström - How Spotify Thinks - [Invest Like the Best, EP.424]

So I've always been interested in it because quantum mechanics is the most insane thing on this planet. We live in what we consider this reality, but if you go to the bottom layer, this is not reality. It's just some three-dimensional projection that we live in. The Fabric of Reality had a big impact on me. Isn't Everettian, he believes in multiple worlds scenario.