Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

The economic growth we've had in the last 200 years is this extraordinary exception in human history. And yet, I think we're about to look back on that and think it was just this tiny little warmup. I think we can do the equivalent of that again in a very small number of years.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

The economic system that we all inhabit is basically a way of turning energy and ideas into goods and services. And if you think about what's possible when both of those inputs are effectively infinite, I think the world totally changes.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

The thing that I keep coming back to is that I think we're at this remarkable moment where if you look at the charts of what AI can do — the capability curves — and you look at what still needs to happen for us to change the trajectory of the world in a really fundamental way, I think we're going to live to see scientific progress compress by 100x. I think we're going to see the standard of living for people go up dramatically. I think we're going to figure out how to make the things that matter — energy, food, healthcare, education — cheap and abundant.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think we're at an inflection point where the thing that's going to matter the most is the cost of intelligence and the cost of energy, and I think both of those are going to come down dramatically. And if you can make intelligence and energy cheap and abundant, then I think all other scarcity starts to dissolve.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think the most important thing that I have come to believe is that intelligence is the underlying commodity of the universe. And if we can have a much more abundant supply of intelligence, both human and artificial, we can solve problems that have stumped humanity for a long time.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think we are at the very beginning of a transition to a world where intelligence and energy are not the limiting reagents anymore. And if you just think about what humans could do if those were both cheap and abundant, I don't think the world has ever experienced anything like that before.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

The thing that I keep coming back to is that intelligence and energy are the two inputs to wealth creation, and if we can make those cheap and abundant, the world will be able to solve the problems that have plagued us for millennia. And I think that within a not crazy long period of time, we will look back at the current time the way we look back at other transitions in history and think this is when things really changed.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think most people radically underestimate what's going to be possible. Not just in terms of technology, but if we can actually get these systems to work and we can actually get the abundance they could provide, the degree to which every single person on the planet could have a quality of life better than the wealthiest people today is really hard to get your head around.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

The thing that I sort of think about a lot is that the history of human progress is really the history of energy and intelligence. If you think about what gets better over time, what increases quality of life, it comes down to how much energy and intelligence we have access to. And we seem to be on the cusp of not running short of either of those things.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think if I had to pick just one thing, there's sort of an old idea in economics called the resource curse, where countries that have a lot of natural resources — a lot of oil, for example — tend not to develop as fast as countries that have to innovate their way to prosperity. And I believe there's something analogous happening with intelligence. The countries and the people that have the most access to intelligence are going to have to innovate their way to prosperity, and that's going to be the biggest driver of abundance.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think the thing I keep coming back to is that intelligence and energy are the two fundamental inputs to the universe, and if we have basically unlimited intelligence, we can hopefully also get to basically unlimited energy. And then, from those two things, you can just make so much.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think we're at an inflection point where the economic growth of the next 15 years could be larger than all prior economic growth combined. And if that's true, and I believe it is, the question of how that wealth gets distributed really matters.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think the thing that I've always believed most deeply is that intelligence is the meta-resource. If you have intelligence, you can figure out how to get all of the other resources. And if you can massively increase the amount of intelligence working on the world's problems, you can unlock solutions that we can't even currently imagine.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think we're at the beginning of an era where we're going to be able to just have much more. And I think that the thing that I would most want people to understand is that technological progress is the main driver of that, and that we should think about how to accelerate it rather than slow it down, because the compounding effects of even slightly faster scientific progress are enormous.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

The economic system of the world is roughly a zero-sum battle for existing resources, and the story of the next hundred years is making the transition to a world where there's enough for everyone and we're no longer fighting each other for pieces of a very slowly growing pie. I think there's a chance that AI and cheap energy together create a qualitatively different world where we have enough resources that it's not a zero-sum game anymore.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think we will look back on this moment as the single most important turning point in the history of human civilization. Truly, not hyperbole. The transition from a world where there was a fixed amount of intelligence and energy to a world where both of those are effectively unlimited is so profound that I don't think we are able to fully conceptualize what it will mean.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

The thing that I keep coming back to is that intelligence and energy are the two inputs to wealth creation. And for most of human history, we've had a very fixed amount of each. But if we can take the cap off of intelligence — if we can have, you know, billions of agents running around solving problems — the potential upside here is just staggering.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think AI is going to be the most transformative technology in human history, and I think it will compress potentially 100 years of scientific progress into the next decade or so. I think it will defeat diseases that have plagued us forever. I think it will help lift many people out of poverty. I think it will dramatically increase the quality of life for most people on Earth.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think we are at the beginning of what may be the most transformative period in human history. The economic growth we've had over the past few centuries—which felt fast—may look very slow compared to what's coming. And I think we have a chance to lift a billion people out of poverty, to cure diseases, to solve mental health problems at scale, in ways that have seemed impossible.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think most people alive today could, in expectation, live to be 150 years old. I think we could have far more energy than we can possibly use. I think we could have radical abundance of food and all material goods. And if we do that, and if we give people the tools to understand the world and affect the world that they want, I think we'll have a lot less conflict.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

The robots are going to do the things that we need to survive. And then humans get to do the things that we want to do. I don't know what that world looks like exactly, but it seems like a much better world than the current one where many people can't get great medical care, can't get great education, can't afford the things they need.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

The thing that I keep coming back to is that intelligence and energy are the two inputs to the economy, and if you have basically unlimited intelligence and energy, you can make almost anything. And we may actually be on track to get there.

Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think we may be approaching a moment where most physical goods become quite cheap. The reason for that is if you have abundant clean energy and you have robots that can do most of the tasks, then physical goods get very cheap. And then the question is what do you do with your time, and do you have good social systems in place?

TED

The Kind of AI We Actually Need | Van Jones | TED

Abundance without participation, abundance without inclusion, feels like scarcity. It feels like scarcity. You think you're scaling abundance, but we experience it as you scaling scarcity.

TED Radio Hour

The state of fashion

Maximalism is generous. It's everything. It's the cake. It's the flour, the eggs, the sugar. It's the oven. It's the heat. It's the love that was put into all of it. It's the mouth. It's the smile. It's the party. All of it! Because you can't have one without the other.

TED Radio Hour

The state of fashion

Maximalism is generous. It's everything. It's the cake. It's the flour, the eggs, the sugar. It's the oven. It's the heat. It's the love that was put into all of it. It's the mouth. It's the smile. It's the party. All of it. Because you can't have one without the other.

Invest Like the Best with Patrick O'Shaughnessy

Etched - Building AI Hardware to Make Inference Faster and Cheaper - [Invest Like the Best, EP.480]

The thing that we're most excited about is the idea that the cost of intelligence could fall so dramatically that it becomes essentially free. And when something becomes essentially free, entirely new categories of application become possible that you couldn't have imagined before.