Sam Altman Reveals Life in 2030

[@akshatgarg7133]

"Wealth will never be distributed evenly". There will only be rich or poor in the next 10 years. Nothing in between. It's better if you prepare yourself early on. Also, don't let them deceive you into thinking that AI is coming for your good (It's only for them).

[@you-are-the-tharpsters]

They just want money so does everyone want money even if it’s not AI

[@brianbagnall3029]

That's a very binary view. Real life is a bell curve.

[@pallavigokhale5536]

Nature/ God will balance everything. Don't worry. Intellectual class, Politicians , Business clas and working class... will continue dispite of some disruption...

[@lucasmiller4202]

Source: “trust me bro”

[@RUBBERGUMSOUL]

People aren't going to be prepared for this disturbing shift that's about to happen. A good 2 years tops before it really gets spooky.

[@KennTollens]

I want AI to free us from slavery. Give us our life back.

[@Frankbenji881]

Hell yeah 💯👍

[@Dutchruler]

Back from what? Try working in a factory during the industrial age 😂😂😅

[@TDVL]

It will free you from slavery, but it will make you and your children serfs for eternity. Capitalism + AGI = 0.1% owns 99% of the wealth 1% owns the rest and 99% owns nothing and will live off of state handouts if that even. The 1% (whomever is lucky enough to be in it) will literally not need the rest. There will be only one type of real, non AI related wealth: land. And by then, that will be owned by those who own the tech and their henchmen. It will be an odd technofeudalism.

[@heww3960]

@@Dutchruler We are richer today, but less free.

[@Dutchruler]

@@greasybrownie move to the Netherlands and work to live instead of living to work

[@NorthStarPNW]

If gov't won't guarantee the Social Security benefits earned over a 40 year working career, it will NOT provide a livable UBI benefit to millions more who have never held a job!

[@BTheBoomXer]

Exactly. Particularly since the corporations tell government what to do.

[@heidi22209]

Never held a job? For 40 yrs. Get some food preps. Water. Ect.

[@CensoredNotSilent]

We’ve got all the guns! Why do we continue to pay into the system? Let’s just stop. Game over

[@musicinthepines369]

@@CensoredNotSilent Bitcoin is unlike government-issued currencies, called fiat currencies, which are managed by a centralized authority. Instead, Bitcoin is decentralized, and its blockchain is a publicly distributed ledger, meaning it is stored, maintained, and secured by its participants and is publicly viewable.

[@HighStakesDanny]

As someone who is very intimate with government’s abilities, this is scary af, the government is terribly slow and reminds me of a very very uneducated child. I have zero confidence in its ability to help mitigate anything. It can’t even solve traffic issues in a decent way.

[@brianbagnall3029]

No kidding! Can you imagine them distributing. That's always going well in the past. 😂 private entities such as Charities should be the ones to distribute the wealth. That gives people a choice of how they want to live.

[@abhinandannuli7574]

On a side/fun note, the AI will fix all the traffic problems in 10 years 😄 by making human driving obsolete

[@HighStakesDanny]

@@abhinandannuli7574 I am not going to hold my breath. There will be winners and losers and I suspect, from looking around, there will be lots of losers in the country that doesn't pull forward on R&D.

[@guymicciche144]

The rich are getting richer, and the poor are getting poorer. Rich are doing less, poor are doing more.

[@brianbagnall3029]

Not true. The rich work insane hours until they retire, then most continue to plow ahead.

[@MeNoOther]

​@brianbagnall3029 the rich don't work at all. Elon tweets all day, his workers do everything

[@hannahpocock4152]

Not inherited wealth ​@@brianbagnall3029

[@c4call]

The poor are doing less too. Most of us just don't want to admit that our lives are easier than our ancestors because it destroys our conception of ourselves as victims.

[@chensel65]

​@@brianbagnall3029The rich work far less lol. They pay others to do the work for them, while reaping benefits from their investments or capital gains. It would waste their time to work when they can make more money by investing and creating business 😂

[@kaik9960]

I appreciate that you're focusing on the economic impacts of AI development, not just the technological aspects. We all know that we can either watch the wealthy get richer while we are left behind, or we can have a chance to share in the economic benefits.

[@senju2024]

It is amazing to me how people keep asking question about "what am I going to do if I am not working?". Well, first of all, how about asking the millions of retired people that are not working. They will give you advice on what to do everyday. I just retired last year and I keep my self very busy on my hobbies, playing with my cats, travel, eating out, watching great films, going to the gym...and things I wanted to do but could not do because I was working and did not have the time. At worse, just ask your AI assistance for some ideas.

[@thephilosophicalagnostic2177]

You are so right. So am I. Thanks for posting.

[@honkytonk4465]

​@sandponicsno!

[@armadasinterceptor2955]

Yea when people ask that question, to me it's kind of pathetic, and shows how little responsibility they take for their life😂

[@JayBurkhart]

Im fortunate enough to take 3 weeks off work about 4 time per year and trust me, i have no problem knowing what to do with my time. I will be FAR busier in retiremt than i ever was working. But i will ne busy with what I find valuable and fulfilling instead of trading portions of my life for fake governments bank notes backed by 10/1 debt

[@JayBurkhart]

​@sandponics the young and old both have valuable insights. The problem with the young, is they have a keen perspective but lack the experience to enact their ideas. The problem with tthe old is that the fresh ideas they had whennthe were yiung are mostly outdated by the time they have the experience to enact them. The age gap is not widening by fault of any current or previous generation. Its widening because the rate at which obsolescence set is for each generation is deminishing rapidly

[@ChristianDLindsey]

I assume all resources will skyrocket in price. As homelessness increases, policies will be introduced to house them in rural camps which will develop into shanty flavelas. It will look something like the hunger games.

[@LiquidAIWater]

There is a reason they gives us these movies ahead of time. It is that subconscious familiarity that leads to acceptance.

[@mrleenudler]

Cast your vote judiciously

[@Onetakelifestyle3323]

The fema camps 👍

[@ginamurray711]

They will house them in urban areas because it is more efficient.

[@LiquidAIWater]

@@ginamurray711 Just remember that Soyant yellow is bugs and Soylant Green is people. 😂

[@dunebuggy5885]

2.5% sounds very stingy given how rich these companies will be. Plus, apparently people will lose jobs worth $100,000K a year in order to get a measly $13,000. It sounds like a joke.

[@damnsonalabanca420]

Communism

[@dennisbeauchamp1803]

Unfortunately, GREED and POLITICS will be hard to overcome.

[@LemonMan91]

I don't think we'll ever overcome greed. There's always going to be scumbags that hoard wealth while others starve. I don't understand why those people aren't held accountable for the suffering, but here we are.

[@mostbestjia627]

Politics is not a problem, greed controlling politics is the problem, fundamentally not democratic

[@vrstary]

My worry is the people at the top may not have immediate interest in lowering prices for essentials. What motivates them to reduce their profits when they can just keep things expensive and get even higher profits.

[@ThizOne]

Nothing is going to motivate them to reduce their profits. And that's going to be the demise of the rest of us (humankind)

[@DJWESG1]

Both are 💯% spot on.

[@vrstary]

@@ThizOne I guess our only chance is if everyone can demand new laws to prevent catastrophe.

[@kevinhaze796]

@@vrstary “those at the top “ interesting sure sounds like anything other than democracy you mean our over lords haha

[@kevinhaze796]

@@ThizOne yup that why everyone has there own. AI to subscribe too. Or “there can be only one”. I think that’s the only way to do this…it’s going to make the financial gap between the rich and poor huge and it’s sick. But the good thing is when it grows so big that it realizes that it’s a Competition for resources then we’re right back to where we started only then humanity will be no more that or it’ll use us as battery power ENTROPY People really need to think about the situation

[@coreywiley3981]

The part where he said "a ceiling for nobody" made me nervous. That means, to me, that there is going to be a 1 percent mega-rich class that is basically an aristocracy because when you are that wealthy, you hold so much more power. Also, if there is a floor, it should be as reasonably generous and comprehensive as possible. If robots and AI are going to be doing all the work, then why should anyone live in any form of austerity? If we have a government, it should be democratically elected, and we should have term limits. No one should get too powerful that they are basically a king or an oligarch who could buy a robot army and force their will on society. So yes, I think there should be a reasonable wealth ceiling and that all excess should go back into the system for the benefit of the public. Thank you.

[@Smile200-z4y]

Isnt that whats going on right now?

[@amandaboado7057]

So they probably already have the robot army in place.

[@paulokoeberle6226]

As already commented, the part mentioning "a ceiling to nobody" is quite scary, reflecting a desire for power that should make anyone nervous.

[@CyrilCommando]

The only solution is to recognize the government as illegitimate, buy guns, go off the grid & make a new economy under their noses. The question is, will all the good little citizens do their part?

[@chrishouse5240]

“There’s so much change coming that people don’t realize.” This is so true. I really enjoyed this video! It was insightful and thought-provoking, highlighting important trends and shifts that we all need to be aware of. Keep up the great work!

[@aspenlog7484]

imagine getting exponentially more capable systems and more intellegence into the world and it ruins peoples lives. what a joke of a system.

[@ThizOne]

Everything about having some tech-bros in Silicon Valley determine the future for all of humanity, is a TERRIBLE idea.

[@AshtarMichael]

@@ThizOne You are fighting yourself within.

[@AshtarMichael]

@@aspenlog7484 nobody controls is the future that is coming... how difficult that transition is for you... you decide.

[@Zmiana_Pogody]

similarly to having children: when people didn't know about contraception, they had lots of children and that's it. 4, 8, 10, 15... and now that we know about contraception, everyone wonders about every single child, and many don't have any.

[@ThizOne]

@@AshtarMichael I'm not going to have a problem with it personally. But I think that a lot of non western/non "tech literate" people are going to have a major problem with it. And those people vastly outnumber the people in the western world.

[@m1975cl]

If most of the world becomes poor from unemployment, Who the F- is going to buy all this stuff? Seriously, the trickle-down effect means entire segments of the economy will go out of business. Everything from nail techs to cosmetic surgeons, even essentials such as dentistry will lose business because people are in dire straights.

[@Shrekster5E]

The guys making AI are greedy. They are not really thinking about people's livelihood. They want to get rich from AI. And they don't care if 99% of people live in abject poverty caused by it.

[@lejitthewastelandprince8550]

That’s the real world question I keep asking… all I get is vague responses about innovation & prompt engineering lol

[@amandaboado7057]

Of course then the social credit system comes in because you can’t buy anything because the money is really not enough. You will be like chickens in a farm, you own 3 outfits, eat insects and have a certain portion of meat and very limited travel. If you disagree with them it’s solitary confinement possibly starvation, whatever they desire to turn off on you. We need to see the rules of the game first before we can agree on anything.

[@marianhunt8899]

The Chinese Middle classes will buy them. We will export to them. Meanwhile we, the workers will be living in poverty in the West due to one round of austerity after another.

[@noergelstein]

“Labor is losing its competitiveness!” Government in my country: Best I can do is increase taxes on labor.

[@AIR-Dmnshn]

Governments are forcing it.

[@naturo_yatangaki]

Better we can do is increase taxes on machines 😆

[@why.do.I.even.try.]

My country: best I can do is make you work even more, have a 6 day workweek!

[@hannahpocock4152]

Import cheap unskilled labor from third world countries to lower wages on the market to justify payin low wages

[@why.do.I.even.try.]

@@hannahpocock4152 then pay the central teams to fix the borderline unusable results anyways 😂

[@mydogsbutler]

The price of labour will drop but the price of materials will skyrocket since resources on earth are fixed. This is why so many billionaires are buying vast amounts of undeveloped property.

[@PaulJohnson-zv3hl]

True but there’s an infinite amount of resources in space…. Which is why so many are trying to develop space mining.

[@MisterFuturtastic]

Recycling will become much more advanced though.. and we can use more materials that can be recycled more easily. Will also likely be able to create and transmute materials as well.

[@mydogsbutler]

@@PaulJohnson-zv3hl True that . Nevetheless the cost of bringing resources from space is extreme for the foreseeable future. At the moment the only thing that might remotely make economic sense is exotic materials that are hard to find on earth thus expensive per gram., Maybe that will change in the future with some new type of propolusion technology or a space elevator but that's the current physics limitations

[@mydogsbutler]

@@MisterFuturtastic If goods are cheap to produce, it will create demand. That demand will have to contend with fixed supply of both land and materials on earth. Even if you transmute or invent new materials resources on earth are fixed. And no matter how efficient you become with resources there is a maximum threshold of how large a population and demand those resources can sustain.

[@mydogsbutler]

@@MisterFuturtastic Even labour will never be completely free. AI and robots also have a cost in resources and energy. They're just more efficient than humans. A famous engineering mantra... TANSTAAFL

[@petravidrih3929]

Dude, really?! Your talking about blog post from march 16 2021.

[@TheAiGrid]

Yes but i only recently came across it, some of my viewers may have missed it. I was only going to talk about the equity fund part but theres so much information here it would be wise to cover this in my post agi economics series.

[@tunestar]

I guess he HAS to upload a video everyday about anything to eat his meals. *shrug*

[@Thechatwithchad]

It’s relevant

[@themultiverse5447]

Personally I appreciated it because whilst I stay up to date with AI NOW, I wasn't when it was posted.

[@amolgargote]

Looks like he deleted this blog

[@MichelZelff]

This is my favorite video ever from you! I am so excited for the future because of this video, thank you so much

[@NickThunnda]

In the 70s, we had big cheap houses with big yards, but few gadgets. In the 30s, we may be able to fill our vans with cheap gadgets, but then, where do we sleep?

[@teoornelas]

Would be interesting to ask Altman "what about the Bangladeshi? The Eritreans? The Brazilians?"

[@OrangeDiamond33]

We’re all F’d in the A

[@CantHurtMe361]

Money amplifies your reflection as a person. The more money - the stronger and more visible the reflection. When AI is developed and improved by the elite, it will only magnify what already is.

[@InvidiousProductions]

I don’t think the economy as we know it will exist in 20 years.

[@Opaque.2theeye]

thanks for making longer-form content that's not hard to listen to with a short attention span!

[@TheeRebel]

you did good on this video! Good content!

[@Darksagan]

13k a year...sounds great if you dont like having a roof over your head or eating food or breathing. 😂

[@DJWESG1]

It's better than the zero k I currently receive.

[@Darksagan]

@@DJWESG1 lol Well in that case then it makes sense.

[@aaastar2267]

any valuable AI stocks?

[@igoromelchenko3482]

I really like the part with "drastic changes". P.S. Just remember that without the Industrial Revolutions, we’d still be in the dark ages. The first revolution used steam power and mechanization to drastically cut prices, making goods affordable for everyone. The second revolution electrified our world and lowered living costs with innovations like reinforced concrete. These transformations drove down costs and improved the standard of living for countless people.

[@meandego]

AI alone will not change the world; it will be the mega corporations that drive this transformation. While tech experts laud the advancements of AI, they also acknowledge that it will put the majority of people in a worse position. It is widely accepted that AI will generate enormous wealth, but this wealth will be concentrated in the hands of a few. Even as labor costs drop to nearly zero, product prices are unlikely to decrease significantly.

[@IntoTheFray.58]

I think the equity fund is a better choice than UBI. I am also skeptical of the government's ability to make it happen in the short timeline that the rapid advances in technology are forcing upon us. To that end, I think everyone who can, should be doing whatever they can to prepare themselves and their families for the turbulent times of the next decade or so. Get out of debt, build up an emergency fund, and invest in companies that are going to do well in the Age of Intelligent machines. From what I have seen, most politicians, indeed, most people, have no real idea of what is coming and no idea of how fast it is coming. A UBI is going to be a hard sell if mainstream politicians don't see the changes coming. An equity fund that serves to level out some of the income disparity we currently have might be saleable.

[@stormrideroftheli]

There are several things I don't understand here. If all products and services are going to cost zero or practically zero, where are the profits going to come from? What kind of wealth are we talking about here? What profits are going to be taxed on if the price of everything is zero? Maybe I missed something, but this doesn't make sense to me. What kind of economic system are we talking about here? Communism? Well, we already know how that ends.

[@deepsp_ce]

i've watched this 30 times already!

[@malindrome9055]

How

[@deepsp_ce]

@@malindrome9055 AI.

[@Lositosantos]

No way possible it came out 6hours ago. 30 times on a 20 min video is 10 hours @deepsp_ce

[@themultiverse5447]

@@Lositosantos I watch everything at 2X. Do the math

[@The_Questionaut]

​@@Lositosantosforgot about 2x speed 😂

[@vintagelove2373]

hi, where can I find a link to the AI job impact tracker? Thanks for the video

[@mjk9388]

The guess that AI will make goods and services "half as expensive" doesn't take into account even mild inflation.

[@AshtarMichael]

@mjk9388 what causes inflation... an institution. Get rid of following and giving control to thar institution as a collective.

[@LiquidAIWater]

It doesn't count materials only labor which is hubris.

[@mrleenudler]

Inflation is goods and services becoming more expensive. If they both become a lot cheaper due to an explosive expansion of the ability to do labor, we have deflation, not inflation. Now deflation carries it's own problems, but you can compensate with policies that would normally be inflationary. Don't know why Altman don't consider the challenges of deflation, he might just not have thought it through, or know macro economics very well

[@AshtarMichael]

@mrleenudler Open AI can pay everyone now then I suppose.

[@LiquidAIWater]

@@mrleenudler Deflation depends on what you are making. Not everything has a infinite input of cheap materials.

[@kaoticmind09]

What's openai's plan for distributing their profits?

[@paradoxical5]

can someone give the 3 minute version? This guy makes absolutely unnecessary long videos on intersting topics and even 2x doesn't help

[@hydroflows]

basically ubi is coming in exchange for tighter and more omnipotent/omnipresent control over every aspect of your life by consenting to the digital id

[@sammalik128]

Agreed, if only AI could summarize his videos. Looking forward to the GPT-5 being able to do that.

[@vasmaverick]

There's an AI program for that

[@ArmoredAnubis]

I'm waiting for AI to give me my companion.

[@DaTruthHeals]

your companion will be bisexual, and 2 AI companions you cheated on will show up at your funeral. They will attend 1billion funerals before merging with the god ai.

[@ArmoredAnubis]

Why would you cheat when you can have a harem?

[@user-zc4uv6ej2e]

Th deluxe model will come with a nagging mode to increase the realism.

[@agi.kitchen]

I can build you one! Better yet, I’ve videos on how to set your own up :) not trying to take away viewers from here, just sayin, build your own now! Why wait for it to be issued to you

[@agi.kitchen]

@@user-zc4uv6ej2eI believe “criticGPT” can be layered on it further to make it even MORE real haha

[@thatthotho]

Would love to help my country set this up, but have no idea where to start

[@Staticshock-rd8lv]

I remember reading that article and watching your vid on it 2 years ago, my most pressing concern with that is, sam altmans already been slightly proven to be a lofty handwavey smooth talker when it comes to these things. While his vision is admirable it is slightly naive. every revolution before hand yes has created new wealth and jobs, but it has also automated away entire disciplines and livelihoods. AI being the most powerful revolution being that it can automate the most valuable trait of human beings intelligence. If so while the cost of goods and labors for all tasks will trend down to zero with sufficiently powerful ai like you say its unlikely that the slow moving gears of government/politicians/bureacracy and especially capitalism will work as he imagined in this so called utopian vision. We've seen where governments have stifled the progress of innovation/competition/ and technology by whole heartedly banning things, freezing movement, piling immovable regulations etc...,We've also seen the case where if a factory/warehouse gets automated away by a new technology the first thing the ceo/business owner does isn't to increase wages and keep people. Its to fire them all in the pursuit of profit, and to increase the price of their commoditized product not trend it towards zero(e.g. inflation continues and you eventually price out everyone until your product only goes to enterprise customers). The exceding gap between the rich and the poor could expand tremendously. Now if all those people get out of work and ubi isn't enough to sufficiently fix things then only 1 thing remains and thats violence and turmoil(or even "extremely dystopian" I know population culling/depopulation). sooo while sure it can have tremendous good I tend to be slightly wary of people who obfuscate the tremendous bad and tradeoffs that can happen there is no nothing from something so whatever price is paid it could be in many ways limited to less people in the future than more who knows> I hope for good but also see the bad.

[@Recumbent_IT]

I decided not give a single fuck anymore about this "AI taking my job and I'm going to starve to death in a cave drinking my own piss' story. If AI is coming for me, so be it. I will not spend my days beeing afraid because of some predicitions about the future. I'm not chainging my career planw either and continue my education knowing AI is already better than me, because i enjoy it. AI is doing it's thing and so do I. We'll see how it plays out at the end.

[@MarufoVega]

this future is envisioned in Kurt Vonnegut's first novel, Player Piano, in 1952. Good read.

[@benking1573]

Singularity really kicks off when this stuff is embodied and accountants are genuinely considering the difference between human vs artificial labor costs. Taxation methods using human capacity as a metric are really needed soon. Governments need a plan to eventually be bringing in human taxes + human wages and have it scale over time until all jobs are taken.

[@zenout3463]

While this all sounds good, it is always greatly ignored that if everyone got handouts and AI or robots took over our roles, humans become obsolete to the big powers and people become so depressed (as we’ve already seen) because they feel worthless and valueless with no purpose. Not only that, but under the guise of financial freedom, people will actually be 100% controlled slaves with no say in anything, have to shut up and put up, and be scrutinised for even breathing. It is extremely important for people to see not only the negatives of AI explosion, but also who the ones in charge will be leading that drive. Our current govs will only be more empowered. So if you think your country is terribly ran right now, like many have become, just 1000x that when they control every aspect of your life with AI and monetary handouts. I feel so sorry for the next generations. They haven’t got a clue what slaves they and their offspring (if anyone even has kids with the next gens anymore) are going to become.

[@CyrilCommando]

We have only capitalism to thank for this.

[@SFJayAnt]

Sam’s perspective about the future could have changed drastically since 2021.

[@AXharoth]

hes a lunatic by the soudns of it

[@marcozolo3536]

All this change will not be met without massive disruption. It's not that housing can't be cheaper, its about land value too. But commuting with drones and telecommuting via VR will change that alot too

[@RogerK9883]

Read "Animal Farm", George Orwell

[@Laura70263]

Or The Grapes of Wrath

[@DJWESG1]

Down and out is probably where we are at.. again. No welfare, Victorian bad attitudes and a lust for war.

[@craigfaulkner3361]

What is the best way to invest in AI?

[@SharkOrDie]

For starters, Semiconductor ETF….. SMH, SOXX, & SOXQ

[@tedschimenti149]

2.5% tax on property? That sounds excessive. Is this in lieu of capital gains? Or in addition to? If you have $520k property, you break even and if you own anything more you’re now in net loss territory, sounds like a bad deal. I understand that eventually the robots will be milling the pines in the corner of your yard into free flooring, but won’t the bank be saying, “Sorry, you no longer qualify for the monthly payment. You actually fall short by 2.5%.” much sooner?

[@JohnSmith762A11B]

Thanks for covering 'Moore's Law for Everything'. It can open people's eyes to ideas beyond AGI that can lead to a far better future for us all. The alternative of a couple of hundred oligarchs running the world forever while everyone else starves is an abysmal joke, and humanity will not tolerate it,

[@EriCraftCreations]

Great video. Thanks ❤🎉

[@maxmt4325]

Remember when everyone stands up this all could be avoided. There more of us then there are of them.

[@esmth]

They already have robots to do my job and have been around for many years but they are too expensive and difficult to use and that is not changing anytime soon, certainly not in the next 5 years. This hype is ridiculous.

[@SarahSB575]

I heard an anthropologist the other day point out that all historical data suggests that UBI would lead to those with capital considering those living off UBI as “lazy air breathers” and would devalue humans that don’t contribute. Sadly, I could see this being the case. Just look at how we think of single mothers who choose to raise their children over working, the disabled and those too sick to work, etc

[@BLAISEDAHL96]

Is that something? How there is so much technology that was once at a higher price barrier, but it is widely cheap, but houses are insanely expensive and home ownership incredibly challenging

[@matbrady123456]

I one-hundred percent BET YOU that the money received from the proposed American Equity Fund will be programmable money in the form of a CBDC (Central Bank Digital Currency) and that there is a time-limit put on the money about how long you have to spend it before it becomes invalid, AND conditions on what you can spend it on.

[@oseluonamen_]

How do we get around human nature (self-interest, greed, etc), though? It's all well and good to want a future that AI will be able to afford everyone. But what happens when human nature inevitably takes over? I'm not trying to be negative to be honest, I'm asking genuinely.

[@przemysawduda6938]

You dont know the human nature

[@jolonbankey4146]

especially when AI is controlled by the worst people on the planet

[@przemysawduda6938]

​@@jolonbankey4146the money kinda is so anything money can buy could be too

[@Indrid__Cold]

It is widely acknowledged that the human mind has evolved primarily as a survival tool over millions of years. In the absence of a structured work environment and the necessity to solve problems, the human mind may experience a decline, potentially leading to conditions such as depression, paranoia, obsessive-compulsive disorder, and even psychopathy. Eliminating the need to address and resolve daily challenges creates an unfavorable combination of neurotic thoughts and behaviors that tend to worsen over time. There is some validity to the adage that "idle hands are the devil's playthings."

[@przemysawduda6938]

Completely false, try meditation

[@green_monday]

What will stop price fixing despite everything getting cheaper? I never hear these abundance people talk about that. Seems to me anything on Maslow's hierarchy of needs has gotten more expensive from stilted markets.

[@DJWESG1]

You are correct. Nothing can get cheaper in real terms, not in a society addicted to growth

[@zdenekburian1366]

@@DJWESG1 it is mathematically impossible for the economy to develop as described in this document; capital without human labor cannot multiply except in a fictitious and fraudulent way. It will be impossible to allocate that sum of money to citizens to make them live incomparably better than today, because simply a tragic capitalist crisis of collapse of the rate of profit will arrive much sooner, causing the world to fall back into barbarism as in the 1900s. The only solution would be to abolish wage labor, money, the market, capital, moving to a resource-based economy, but this would mean the end for the ruling classes, which is obviously impossible with the mass ideologies currently conveyed and with the current geopolitical situation. Or expand humanity into outer space creating a potentially infinite market, but this would take too long to avoid the crisis triggered by AI. Or grant AI civil, political and property rights, but this would not eliminate the problem of reducing humanity to a subordinate role. Or the capitalist classes could order a ban on the development of AI, limiting it to extremely controlled uses by the states, such as nuclear technologies, but this would of course negate the progress that has been hypothesized and would not stop the military confrontation between empires. The general crisis is inevitable, and the development of AI will accelerate it; at this point it is even possible that I could experience it in my lifetime, something I would not have believed possible only a year ago.

[@hadinterest]

a market where majority of your customers can’t afford your products. 1% ain’t gonna by everything.

[@user11787-v]

This sounds absolutely horrifying because we know thisnisnt going to happen. Someone will always be pulling the strings

[@mjk9388]

This is one of the better ideas for getting the revenue to pay for UBI that I've seen. Not sure I agree with the idea that everything will be massively cheaper as even a mild amount of inflation every year can wipe out those savings pretty quickly.

[@DJWESG1]

What will countries with a already existing welfare system do?? Drop all their practices and processes in favour of giving money back to those who don't need it??

[@BLAISEDAHL96]

It seems pretty accurate, it seems the timeline may be even more accelerated. Humanoid robots will be working in factories before the end of *this* decade.

[@gubzs]

"There will be a floor for everyone, and a ceiling for _no one_ " This is textbook cyberpunk dystopia. You know who decides how low the floor is? The people on the ceiling.

[@AshtarMichael]

@@gubzs Only when the collective agreed to it, no longer.

[@codeintherough]

The difference between now and the industrial revolution is that the capital the factory equipment computers and ai is actually affordable for the average person at least in the developed world

[@alexhein6386]

so basically your saying that plane pilots are safe from ai because it requires a human to fly the plane??

[@AlgoNudger]

HYPE! 😂

[@stephschlemann1163]

Sincere thanks for sharing this late albeit critically important blog. Wow Sam Altman published this back in 2021 and mainstream media saw fit not to deep dive the potential upending of western democracy….. To my shame, I too had no idea about Altman’s blog especially as I have spent the last couple of years (i) Penning the occasional warnings on mainstream science and economic webcasts (ii) Searching when I can for any practical alternatives to capitalism… Love or hate capitalism it is the only system of wealth creation that has resulted in the benefits enjoyed by westerners today. Without a doubt and unlike any other technological revolution, AI will destroy far more jobs than it can creates. Remove jobs and you remove the market which will remove capital investment (private and public). In the meantime societies will steadily become less manageable / stable ushering in a dark renaissance of “haves and have nots” with all that implies (authoritarianism / revolution / civil unrest and war)

[@DiceDecides]

So Sam Altman wrote this in 2021, that is before GPT-3, maybe they had it internally idk, I do like what is written about reducing costs and money being worth way more, it's like opposite of inflation - deflation... I think once robots start building houses quickly the prices will fall naturally - supply>demand=cheap

[@SwamiSridattadevSatchitananda]

Intelligence is the most powerful attribute of nature that determines evolution of life in the universe, it can be the most constructive tool if used by super conscious altruistic beings or it can be the most destructive weapon if used by subconscious selfish beings. As we are about to pass on this natural gift of intelligence to machines and with the imminent rise of AGI, the ultimate question we have to ask ourselves is what kind of beings we want to be living with and how do we make sure that the sentient machines will be altruistic and not selfish beings? This answer alone will determine the future of humanity. Swami SriDattaDev SatChitAnanda

[@richardstokstad9271]

Like a mini course in real world emerging economics at an IVY LEAGUE University.. Well Done

[@amanuelzewdie8462]

When will AGI be achieved?

[@Iknowwereyousleep289]

2027 according to an ex open AI employee that worked on controlling super intelligence

[@DJWESG1]

See GCHQ

[@Kurushimi1729]

​@@Iknowwereyousleep289Lol

[@NHParadox]

brother, quite the opposite. the shackles tighten

[@helloabwatson]

would love to know your take with future jobs when you include robotics along side Ai in this job tracker.

[@hadinterest]

have a strong feeling that job replace denialism will be a strong thing for a long time.

[@thesfnb.5786]

AIgrid. I'm confident you're getting bot comments from an unknown source for an unknown reason. I thought about you after watching a vidoe from Upper Echelon about the KZbin Comment War. I think the bot comments are some of the negative ones

[@christopheraaron2412]

6:23 as far as policies that could help with the possible displacements of many people, I believe we kind of had a dress rehearsal of this during the pandemic. Remember that people could not go to work and so during that period of time the government issued stimulus checks. Also notice that that extra 5.7 trillion dollars that we had to spend out of thin air was not really debated and there was no real worry about the debt ceiling. The downside of that was that because we paid people to do nothing and productivity went down and supply chain systems collapse will then after that we had a fair amount of inflation and we still have some of that right now. Now the difference is when we start having labor costs going down to zero essentially and intelligent AI figuring out how to manufacture goods with the cheapest materials possible that maybe we cannot even use it this moment well then the inflationary problems of continued stimulus checks in this future will also be nearly zero. Basically the long and the short of it is that more money can be key stroked and issued into circulation without the worries of inflation because there will be drastic deflation the exact opposite of what was happening during the pandemic.

[@zdenekburian1366]

it is mathematically impossible for the economy to develop as described in this document; capital without human labor cannot multiply except in a fictitious and fraudulent way. It will be impossible to allocate that sum of money to citizens to make them live incomparably better than today, because simply a tragic capitalist crisis of collapse of the rate of profit will arrive much sooner, causing the world to fall back into barbarism as in the 1900s. The only solution would be to abolish wage labor, money, the market, capital, moving to a resource-based economy, but this would mean the end for the ruling classes, which is obviously impossible with the mass ideologies currently conveyed and with the current geopolitical situation. Or expand humanity into outer space creating a potentially infinite market, but this would take too long to avoid the crisis triggered by AI. Or grant AI civil, political and property rights, but this would not eliminate the problem of reducing humanity to a subordinate role. Or the capitalist classes could order a ban on the development of AI, limiting it to extremely controlled uses by the states, such as nuclear technologies, but this would of course negate the progress that has been hypothesized and would not stop the military confrontation between empires. The general crisis is inevitable, and the development of AI will accelerate it; at this point it is even possible that I could experience it in my lifetime, something I would not have believed possible only a year ago.

[@tomcraver9659]

If an equity fund got 2.5% of every company's value every year, in 40 years the equity fund owns all companies. In 20 years or less, it controlls all companies. Taxing land at 2.5% a year would collapse the value of that land at least 50%, so it'll yield far less income than expected.

[@armadasinterceptor2955]

I really like Sam, he is a good dude.

[@brianbagnall3029]

Oh for the love of God do not allow governments to be proactive in how they address AI! Have you seen these people? They will screw up everything.

[@neobarockloki86]

This is all nice in the Anglosphere world. What about the many countries in the world outside of Anglosphere world? How will Algeria, Bolivia, Turkmenistan and countries alike will fund UBI when Western companies leave their countries?

[@WilliamsDarkoh]

I think this whole video is missing that ai will bring massive inflation, generating more wealth means that there is usually more buying power and if there’s more buying power the price of the goods will increase in result to that. It’s quite naive to assume that our current buying power will be just as “great” as it is now, let alone better. Love ai and all, but when it comes to this I believe that sometimes people are blinding themselves on purpose for the sake of hype

[@zrienkersh1475]

Most of the time, the government just ruins things.

[@MarkGast]

I know what I'm doing in 2030, retiring. Just in time.

[@heww3960]

The thing with electronics getting cheaper, that is only partially true. In compare with performance maybe, but the latest phone cost much more than the latest phone 20 yrs ago did when it come out.

[@kasforai]

AI will allow us to own successful business much easier

[@ocallesp]

The diagnostic of diseases can be manipulated to avoid lowering the maximum life saving.

[@RemainSilent]

I just think about it: what if we ponderate the intelligence exponential curve WITH its energy consumption ? In order to have a more relevant measurment. I'm not sure it will remain exponential but perhaps linear. Who knows.

[@MySwapnesh]

People will be worse off if wealth gap increases i.e socioeconomic classes get stretched. No matter how quickly the AI brings the future closer to the present unless there is equity in a country or world people are going to be unhappy. In the knowledge based economy of the future, govt policies will play a KEY role in everybody becoming happy and healthy

[@MyBill66]

Don’t think that AI cannot affect your job, I promise it will, if most do not have a job who’s going to be able to pay your invoice 😢😢

[@volkancetinkaya9460]

What if there is a black swan event in the future and we see the value of the companies/shares decline?

[@mattdamon2084]

Ai hes showing to world is more like humans (good and bad) Ai hes actually gonna let work, :- well control and trained ai, to gain control

[@agape13]

5:47, „..to distribute this wealth and enable more people to pursue the life they want.“ Notice, „more“ people - not all people !

[@JeremyPickett]

Even with the equity fund though, the numbers don't work. I know, it is absolutely maddening. If you look at government stats, then yes it could potentially work in some rural areas, but I hate to break it to you, landlords, food producers, and utilities are not going to lower prices because of technological innovation. Prices will be *raised* by about $13k a year. I honestly don't have a huge problem with this plan *if and only if* it is coupled with Universal Basic Services. Basically the bottom two level of Maslow's. Those things are removed from the market distortions an equity fund would create so rent doesn't double over night due to greedy landlords/slumlords. Anything that isn't for dignity and modern living runs on market forces. And everyone has discretionary $13k/yr to, I dunno, upgrade their living situation, save, use on aspirational things, additional education, charity, art, music, whatever. But equity or UBI without Basic Services is a recipe for utter, utter, I mean utter disaster.

[@lejitthewastelandprince8550]

Everyone always puts responsibility for these social & economic policies on someone else… who’s actually working on it? Maybe we get there but initially I see capitalism spiraling out of control and a great depression before things change just being honest

[@marcusjohansson8902]

“Making new scientific discoveries that will change our concept of life” beautiful

[@danm7254]

Bot spotted

[@Heretolearn21]

“The rich will get richer & everybody else will do the best they can.” - Eric Schmidt

[@Value_Pilgrim]

If AI can give me a 3D printed house, If AI can 3D print a decent set of clothes for me If AI can farm, harvest, cook and make nutritious meals for me If AI can read, play games, show me movies etc...entertain me If AI can give me health advice, monitor my health and give me precision medication If AI can make 3D printed organs and does absolutely reliable surgery on me If AI can provide energy and broadband for me If AI can provide transport for me to wherever I need to go... AND ALL THIS FOR FREE!! THEN I am in Heaven and I am the richest man on Earth. Don't need anything else,

[@lspag7415]

Let's hope it's for free 🎉❤

[@Value_Pilgrim]

Let's ask AI to figure out how all this can be free. 🤔😄🎊🥃

[@heww3960]

Why would just a few companies harvest all the wealth? I think the opposite, it is all the companies that can get rid of their staff that will benefit the most not the ones that sell the ai, ai will be widely available and cheap.

[@gregmasseyify]

Yeah it's a bit Repetitive but, do have we got it through our heads yet? It's easy to forget when all looks as it always has outside our windows? I know I haven't and I've been banging the drum for years before gpt3

[@DJWESG1]

I've been banging this drum since 2012, since before then , but most ppl are truly voiceless

[@gregmasseyify]

@DJWESG1 me two. Since I heard Ray kurtzweil Ted talk from 2005 which I watched in about 2009 and especially after watching alpha go lose to alpha go zero and it was exhibiting more broad abilities by playing video games in 2016. It's so bloody obvious but a lot of people struggle with abstract hypothetical concepts

[@DJWESG1]

@@gregmasseyify i think i was quite lucky to have studied a particular subject at a particular time in which technological risk formed part of the degree and entered into a lot of the materials. and its quite hard to not be impacted by it when its so in-depth.

[@chezbabi]

They have been saying that we would work less and would have better lives for a long time. So far, I have seen exactly the opposite 😢