Long story short, here’s one episode:
Economists often talk about “factors of production”: things like labor, land and money. The phrase “minimum return to work/country/equity” captures the idea that in a given situation, something may or may not be the limiting factor – for example, the Air Force needs both planes and pilots, and hiring more pilots does not. It can be very helpful if you run out of flights. I believe that in the age of AI, we should be talking about it the marginal returns to intelligenceand trying to find out what other factors are associated with intelligence and which become limiting factors when intelligence is at its highest. We don’t usually think this way—asking “how much does intelligence help with this task, and on what time scale?”—but it seems like the right way to think about a world with super-powered AI.
I consider human imperfection, and the current institutional and legal obstacles to be more binding than Dario, and thus I think the speed of progress will be slower than him. But there is much I agree with in his story.
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