AI Doom vs Boom, EA Cult Returns, BBB Upside, US Steel and Golden Votes
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What is the All In podcast about?
All right, everybody, welcome back to the All In podcast, the number one podcast in the world. You got what you wanted, folks. The original quartet is here live from D.C. with a great shirt. Is that is your haberdasher making that shirt or is that a Tom Ford? That white shirt is so crisp. So perfect. David Sachs, you're talking about me. You're czar. You're czar.
I'll tell you exactly what it is. I'll tell you what it is. You can tell me if it's right. Brioni. Yes, of course. Brioni. bink. Brioni spread collar. Look at that. How many years have I spent being rich? When a man turns 50, the only thing he should wear is Brioni. The stitching is... Looks very luxurious. That's how Chamath knew, right? Chamath, how'd you figure out the stitching?
It's just how it lays with the collar.
To be honest with you, it's the button catch. Brioni has a very specific style of button catches. If you don't know what that means, it's because you're a fucking ignorant malcontent yourself.
I'm looking it up right now. Right.
Rain Man, David Sack.
And it said, we open sourced it to the fans and they've just gone crazy with it. Love you guys.
What are the implications of AI doomerism?
All right, everybody, the All In Summit is going into its fourth year, September 7th through 9th. And the goal is, of course, to have the world's most important conversations. Go to allin.com slash yada, yada, yada to join us at the summit. All right. It's a lot on the docket, but there's kind of a very unique thing going on in the world, David. Everybody knows about AI doomerism. Basically, people who are concerned, rightfully so, that AI could have some you know, significant impacts on the world. Dario Amodei said he could see employment spike to 10 to 20% in the next couple of years. They're 4% now, as we've always talked about here. He told Axios that AI companies and government needs to stop sugarcoating what's coming.
He expects a mass elimination of jobs across tech, finance, legal, and consulting. Okay, that's a debate we've had here. and entry-level workers will be hit the hardest. He wants lawmakers to take action and more CEOs to speak out. Polymarket thinks regulatory capture via this AI safety bill is very unlikely. The U.S. enacts AI safety bill in 2025, currently stands at a 13% chance. But, Zach, you wanted to discuss this because it seems like there is... More at work than just a couple of technologists with, I think we'd all agree, there are legitimate concerns about job destruction or job and employment displacement that could occur with AI. We all agree on that. We're seeing robo-taxis start to hit the streets.
I don't think anybody believes that being a cab driver is going to exist as a job 10 years from now. So there seems to be something here about AI doomerism, but it's being taken to a different level by a group of people, maybe with a different agenda, yeah?
Well, first of all, let's just acknowledge that there are concerns and risks associated with AI. It is a profound and transformative technology. And there are legitimate concerns about where am I lead? I mean, the future is unknown, and that can be kind of scary. Now, that being said, I think that when somebody makes a pronouncement that says something like 50% of white-collar jobs are going to be lost within two years, that's a level of specificity that I think is just unknowable and is more associated with an attempt to grab headlines. And to be frank, if you go back and look at Anthropix announcement or Dario's announcement, there is a pattern of trying to grab headlines by making the most sensationalist version of what could be a legitimate concern. If you go back three years ago, they created this concern that AI models could be used to create bioweapons.
And they showed what was supposedly a sample, I think, of claw generating an output that could be used by a bioterrorist or something like that. And on the basis of that, it actually got a lot of play. And in the UK... Rishi Sunak got very interested in this cause, and that led to the first AI safety summit at Bletchley Park.
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Chapters
8 chapters
1
What is the All In podcast about?
0:00–1:14
2
What are the implications of AI doomerism?
1:14–10:35
3
How does AI affect job displacement and creation?
10:35–15:24
4
What is the relationship between AI and venture capital?
15:24–20:04
5
How is AI influencing global governance and regulation?
20:04–25:17
6
What challenges do companies face in adopting AI?
25:17–30:47
7
How do entry-level jobs fit into the AI landscape?
30:47–34:37
8
What future trends in AI should we prepare for?
34:37–1:29:21
Speakers
3 identifiedMore from All-In with Chamath, Jason, Sacks & Friedberg
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Adam Foroughi, Applovin CEO: Surviving a 92% Drawdown, Ads as ML 1.0 & the $50B Game Ad Market
Bill Gurley: Searching for Feynman
Jared Isaacman: A New Era for NASA and American Space Exploration
Nick Shirley: Exposing Government Fraud, Suing California & Taking on the Media
Meta's Dina Powell McCormick: The Case for Data Centers, Backlash, AI Job Boom & Meta's Future