Toby Stuart

If you have a health problem, everybody by this point has typed in symptoms into a chatbot and it's wild.

You're normally in this world where you have what we call an information asymmetry, which is you're going to see a doctor because the doctor knows a ton more than you.

We're in this world all the time where we're transacting with counterparts who know way more than us.

That drives how whole markets function and how status dynamics function, but we're removing all of that.

or lots of it, not all of it, right?

Because now you're armed with, you have a doctor in your pocket and you have a second opinion in your pocket.

So that's an important change.

But the one that I've been thinking most about is it also takes skill differences and equalizes them in terms of the ability to produce output.

Imagine the joyful job of being an admissions officer to any institution that reviews written evaluations today.

You're reading feedback, you're saying?

Well, you remember like the college essay, for example, or the cover letter when you're writing a resume or the grant application.

Anywhere you submit a written document, the email you write to anybody to ask them to do something for you.

I mean, you must get so much in the email.

I can only imagine what comes in.

But now everything's extremely well organized, well written, because it's all prompted.

And so what that does is it takes an information-rich environment and turns it into an information-poor environment.

Meaning that the high school student who writes the college essay with assistance of AI.

Yeah, who knows?

Did they do it themselves?

Did they do it?