Abundance 2.0

Final week my household and I celebrated Thanksgiving like hundreds of thousands of our fellow People…

Surrounded by family members and an abundance of meals.

However as I handed across the outsized plate of stuffing…

It received me eager about what abundance may imply for all of us within the age of AI.

As a result of if Elon Musk, OpenAI CEO Sam Altman and famed enterprise capitalist Marc Andreessen are proper…

That phrase goes to have a complete new that means by subsequent Thanksgiving…

The Prophets of Abundance

Of the three, Elon Musk is probably the least optimistic about synthetic intelligence. He has warned that there’s a ten% to twenty% likelihood it “goes unhealthy” with AI.

However that threat hasn’t stopped him from establishing his personal AI firm, xAI.

What’s his reasoning? Musk says:

I believe if I have been to assign chances, I believe it’s extra more likely to be a constructive situation than a foul situation. It’s simply that the unhealthy situation just isn’t 0% and we need to do all the things we are able to to reduce the chance of a foul end result with AI.

However I ought to make clear that I believe it’s 70% or 80% more likely to be a great future and possibly even an excellent future. So yeah, I consider the longer term as chances. Nothing’s for certain… the longer term is a set of branching chance streams… AI actually has the potential to make the longer term wonderful if it’s accomplished proper.

And what does that tremendous future seem like to him?

Musk envisions AI and robotics ushering in “an age of abundance the place you’ll be able to have any items or providers that you really want.”

Let’s flip to Sam Altman to develop on that concept…

The Intelligence Age

Final September Altman revealed a weblog put up titled The Intelligence Age the place he predicted:

“It’s potential that we are going to have superintelligence in just a few thousand days.”

If he’s proper — and I consider he’s — then inside the subsequent 5 years we should always begin seeing some fairly drastic modifications to humanity.

Altman writes:

It received’t occur unexpectedly, however we’ll quickly be capable of work with AI that helps us accomplish far more than we ever may with out AI; finally we are able to every have a private AI crew, filled with digital specialists in several areas, working collectively to create nearly something we are able to think about. Our kids may have digital tutors who can present personalised instruction in any topic, in any language, and at no matter tempo they want. We will think about related concepts for higher healthcare, the flexibility to create any form of software program somebody can think about, and far more.

With these new talents, we are able to have shared prosperity to a level that appears unimaginable right now; sooner or later, everybody’s lives could be higher than anybody’s life is now. Prosperity alone doesn’t essentially make folks completely happy – there are many depressing wealthy folks – however it could meaningfully enhance the lives of individuals all over the world.

Later he expands on that concept, writing:

“I’ve no concern that we’ll run out of issues to do (even when they don’t seem like “actual jobs” to us right now). Individuals have an innate want to create and to be helpful to one another, and AI will permit us to amplify our personal talents like by no means earlier than. As a society, we might be again in an increasing world, and we are able to once more deal with enjoying positive-sum video games.”

It is a sentiment Marc Andreessen agrees with.

He sees AI drastically driving down prices of all the things whereas releasing us from doing menial duties.

In actual fact, he believes it’s going to result in folks selecting whether or not or not they need to work.

However with extra free time and fewer to fret about in relation to fundamental wants and well being care…

What does this seem like for people within the Intelligence Age?

In a weblog put up from June of 2023, Andreessen envisions a utopic future:

Each youngster may have an AI tutor that’s infinitely affected person, infinitely compassionate, infinitely educated, infinitely useful. The AI tutor might be by every youngster’s facet each step of their improvement, serving to them maximize their potential with the machine model of infinite love.

Each individual may have an AI assistant, coach, mentor, coach, advisor and therapist that’s infinitely affected person, infinitely compassionate, infinitely educated, and infinitely useful.

Each scientist may have an AI assistant, collaborator and companion that can significantly develop their scope of scientific analysis and achievement. Each artist, each engineer, each businessperson, each physician, each caregiver may have the identical of their worlds.

Productiveness progress all through the financial system will speed up dramatically, driving financial progress, creation of latest industries, creation of latest jobs, and wage progress, and leading to a brand new period of heightened materials prosperity throughout the planet.

Now, I perceive this may sound pollyannaish…

However I consider we’re already beginning to see it occur.

The Creator Financial system

Are you aware what the highest profession purpose is for Gen Z… anybody born between 1997 and 2012?

In keeping with a 2023 survey, 57% of this era needs to be influencers.

They don’t essentially need to study artwork or debate or music or dance… or something that earlier generations wanted to place themselves able to affect others.

They merely need to affect.

However don’t snicker…

As a result of 41% of all adults would select this profession too, in response to the same survey.

And within the close to future, these people simply may get their want.

As a result of the AI instruments we’ve got right now already permit anybody to create.

All it takes is just a few fast prompts to generate tales, artwork, music… even complete web sites.

And AI video is quickly advancing too.

Synthetic intelligence is eradicating the years it takes to grasp these abilities…

And it’s making a world the place concepts have gotten extra necessary than the flexibility to execute on these concepts.

In spite of everything, that half could be left for the AI.

In different phrases, we’re witnessing the delivery of a creator financial system.

And though I notice there are downsides to it…

I additionally discover it extremely liberating.

The query for you is…

What massive concepts do you’ve got that you simply need to execute on?

Regards,

Ian King
Chief Strategist, Banyan Hill Publishing