Sholto Douglas

I think the economic value here comes from inference.

I think it also makes sense to invest broadly in AI.

Like I think these countries have the opportunity to do so.

And I think that's like a portfolio of like, you know, foundation model companies, but also like robotics supply chain and this kind of stuff.

I think that you should invest very proactively in policies that try and like prevent innovation.

capital lock-in.

So we're in for a much worse world if it just so happens that the people who had money in the stock exchange or in land before AGI are dramatically more wealthy than the people who don't, because it's a gross misallocation of resources.

So having

I know one of my favorite episodes actually on your podcast was the Georgism one, where you're trying to appropriately value or allocate land.

And so I think this strikes particularly close to home coming from Australia, where I think our policies with respect to land are grossly wrong.

But I think this is broadly true.

Being very forward on regulation of integration of these models into your country is important, and proactively making sure that people have choice.

So let's say you should be quite proactive about making sure that the phones or devices or glasses that people have, people have free choice on what things they run.

And then, so that's the we just get white collar worker.

And you're trying to do the best to prepare your country for that.

And then it's like, OK, well, what can you do to make all possible versions of the future go well?

That's covering some amount of economic downside.

The other things I think are really important is figure out how you can

either basically ensure dramatic upside or cover terrible downside.

And so getting a dramatic upside is making sure that there is investment in biology research and this kind of stuff in an automated way that these models are actually able to produce novel medicines that massively improve our quality of life.