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Matthew Prince

👤 Person
347 total appearances

Appearances Over Time

Podcast Appearances

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

The first thing is that the answer isn't to fight progress.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

Answer engines are a better experience for users.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

If you think about sci-fi films, which predict a lot of our future, when you ask the helpful robot, what's the temperature outside?

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

It didn't say, well, here are 10 links that you could follow to figure out what the temperature is outside.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

It told you what the temperature was, right?

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

If you ask it for what's the recipe, it told you what the recipe was.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

That's the interface that makes the most sense for the future.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

But what that does is it changes the underlying business model of the web.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

And so what we're seeing from people who are selling media as their primary business,

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

is that they're seeing massive drop-offs in the amount of ad revenue that they're getting.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

They're seeing massive drop-offs in the amount of subscription revenue that they're getting.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

And as that revenue dries up, it's going to put increasing pressure on content creators.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

Fewer and fewer people are going to be willing to actually create content if there's not a business model for it.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

And so what I think is, you know, there's sort of the nihilistic outcome, what we just say, you know, anyone who's creating content, like, you know, starts to death and dies.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

Like that's a horrible, you know, potential outcome.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

There's sort of the black mirror outcome, which is that,

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

You know, we don't go back to the sort of media of the 1980s, but we go back to the media of the 1400s, which is the Medici's, where there are five powerful families that unless you kind of are under the patronage of one of them, you don't get to do any research.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

But instead of families, it would be five big AI companies.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

where you've got one that's conservative and one that's liberal, and there'll be a Chinese one, and there'll be an Indian one.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

Those are incredibly regressive outcomes.