Richard Socher

The number of open job positions has actually increased by allowing people to be that much more productive because

Ultimately, anyone could have software.

Everyone can have a personal suite of software tools.

So you could have billions of different software products that are custom for you.

And so the elasticity of demand is very high.

as that price goes down and people did not make themselves obsolete at all.

And so, yeah, like some of these industries will shift as the prices go down, but we've seen that in history many times.

And it's always been for the better, like only 5% now work in agriculture yet, like not 95% of people are unemployed, even though it used to be over 90% of people working in agriculture.

And like somehow we all found new things to do instead of standing there in a field with our hands.

I mean...

investor like that's sort of one of the beauties of capitalism right people don't want to just put money into something that people don't want and that doesn't make any other money because no one's using it right so it's like that that problem will solve itself quite easily uh and sure like just like the price of energy can fluctuate a little bit the price of intelligence may fluctuate a little bit but ultimately

like there are even more use cases for intelligence than there are for, for energy, even though they're obviously highly correlated and one is required by the other and so on.

But I like, I don't think there's like, just like, Oh, sovereigns, there's this abstract entity there.

They all want to like invest.

That's of course true for every investment, right?

Especially if you do early investments into categories that don't yet exist, then that's even more true.

But software does exist.

I spend a lot of time thinking about the future and how I can have positive impact on it.

And for many years, like a decade of my life, that was actually making the technology work and doing research in it because it just wasn't working.

And once it was working, I'm like, well, maybe just making it slightly incrementally better for a while wasn't necessary.