Jack Clark: evaluation

Transcript context

…What will the economics of media look like? If you can read a digest of everything that is probably better than the original, or certainly not worse, or more synthetic. Who gets paid for what? I think that this is one of the toughest questions in front of us. As you know, I’m a former journalist. I grew up as a professional during the period when online ad market changes were altering the business model of journalism. They were switching from what you might think of as value that you derive through quality, through subscriptions or people buying your stuff to value that you derive from just large-scale attention because that became a lot of the model for funding this stuff. As a consequence, you saw the need to cross-subsidize journalists with journalists that got loads of eyeballs, and journalists like me, who would write about databases got less eyeballs. We were cross-subsidized by the people that wrote about Justin Bieber or what have you. I think for media — it’s going to be really challenging to think through how the economics of this work. I think that it’ll change in a couple of ways. One, you might move to some of these larger-scale publishing house–style models for certain types of fictional universes which have subsidy and cross-subsidy within them. Where does the cross-subsidy come from? Bloomberg — we know how that works. If AGI is truly general, and it’s based on what’s out there already, it should be able to do better than media on all dimensions.…

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