Luke Drago: belief

Transcript context

…That doesn't sound so great. Isn't it the case that companies, say Microsoft and Google and Nvidia and perhaps OpenAI and so on, that there will be fierce competition in providing products for consumers at the very top? So even if you have the main drivers of the economy being capital deployed by massive companies, you would see innovation, you would see from competition, and you would see better products and services. Yeah, potentially. One of the ways that you can break the intelligence curve, or one of the necessary components is commodifying the intelligence layer. If it is the case that one or two or three players have total access, a monopoly on intelligence, it's then the case that they can continue to raise the rents. I saw something, I saw a tweet, I think, recently that said something like, if you were a wrapper around a commodity, you're a landlord. And if you are a wrapper around a monopoly, you are a renter. And you are totally at the mercy of the monopoly to continue to set your rates here. And so a world in which there's like prolific, cheap intelligence, and then your job is to specialize it into the thing that you do, that's a better world to be in. But I think, you know, the goal of the labs is to get this recursive of self-improvement and just take off here. And in that kind of scenario, it's a very different game. That's one player that's won or a couple players that have won. Now, I don't think commoditizing intelligence fixes the problem entirely, but I do think it's a necessary precondition to breaking this intelligence curse. Yeah. You mentioned Microsoft posting record profits and so on. Perhaps a naive question here is to ask, who are they selling to in this world? If the college graduate is not, doesn't have a job, who are they actually selling to? Which services and products are they providing?…

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