
I recently joked that, because of AI, everyone now sends you a 50-page PDF for review. Of course, what we all do next is just ask AI to summarize it and help prepare a response. So, the net effect is AI talking to AI.
We're all becoming a kind of intermediary because the volume of information is simply too great for any human to reasonably process. In many ways, this can feel overwhelming. It also makes me feel like it's becoming harder to maintain a long attention span.
But this appears to be where the world is heading. Eventually, we are going to have what is known as Artificial General Intelligence (AGI), and that is going to have a profound impact on our lives.
Venture capitalist Albert Wenger has been spending a lot of time thinking about what an AGI-level economy might look like, and he recently published a post where he modeled some of the possible scenarios.
I will give you the spoiler here: His intuition is that we're going to need to create an economy that combines competition and redistribution (also referred to as a Negative Income Tax, which provides people with a basic income).
Because without competition, productivity gains will be captured as rent, rather than resulting in lower prices. And without redistribution, we are likely to see an untenable increase in inequality.
If you're interested in this topic, I would encourage you to check out his post.
Cover photo by Alex Knight on

