Jasmine Sun

A lot of people do prefer asking ChachiBT for medical advice or what they should do about their relationship problems over asking a human therapist, even if they can afford the human therapist.

So we see people make choices that prioritize the convenience and quality of technology.

over the status good of talking to a human over and over and over.

We see that happen all the time.

And I think that it is true, in my opinion, that there might be like some niche areas where people really want another human there.

But that pool might actually be a lot smaller than people think.

People pay more for Waymos than they do for Ubers, for example.

Even people who could afford a black cab taxi driver will often prefer the Waymo instead.

And so

I think that actually AIs are quite good at doing a lot of these relational tasks and will continue to get better at them.

I also think that one of the things you wanna look at in terms of demand is how many people can afford to produce demand.

So I spent some time in China recently.

China, one of the problems that China has, one, it's had white collar unemployment for quite a long time for non-AI related reasons.

And one of the reasons for that is household spending is very low.

And so you don't have as big of a services economy

Because there's not that as big of a middle class.

You have some very rich people.

You have a lot of very poor people.

And middle class spending is really necessary to drive consumer demand.

Because rich people only have so many hours in a day.