Transcript
A (0:00)
It's like, crazy. It's like, you know, it's kind of like 20 years of scenario planning on the Strait of Hormuz, and you go and do it anyway, and it's on that level of idiocy.
B (0:09)
And now the good fight with Jasia Monk. What makes the people who are inventing the most transformative technology of this moment, artificial intelligence, tick? How is this technology going to influence the world? How worried should we be about existential doom, which the founders of this technology themselves seem to take very seriously? And yet they are the ones who are building the potential doomsday machine. What impact will artificial intelligence have more broadly on our economy, on the job market, on our politics? And finally, how is the rise of the big AI companies transforming the power rankings in Silicon Valley and in the United States? Are they actually eclipsing in various ways the influence of venture capital, which ruled supreme for the previous 15 years? Well, here to answer all of these questions is Sebastian Mallaby, one of the most distinguished writers about capitalism and the economy. He is the author, among other distinguished books of More Money Than God, Hedge Funds and the Making of a New Elite and the Power Law, Venture Capital and the Making of a New Future. His latest book, which we focus on in this conversation, is called the Infinity Machine. And it both is a biography of his technology and a biography of Demis Hassabis, one of the founders of DeepMind. In the last part of this conversation, we talked about the competition between the AI labs and venture capital and the way in which venture capital may actually be eclipsed in its importance because of how expensive it is to Finance the Frontier AI Labs. We talk about whether OpenAI will go bust. Little spoiler alert, Sebastian thinks there's about a 50% chance that OpenAI may go bust in the next 18 months. And we wonder whether that would take down the world economy or whether that shock might actually prove to be easier to absorb than some people worry about. To listen to that part of the conversation, to get access to all full episodes of the Good Fight, Please go to writing.yashamonk.com listen and become a paying subscriber. That's writing.yashamon.com listen. Sebastian Mallaby, welcome to the podcast.
A (3:08)
Great to be with you, Yascha.
B (3:10)
So there's something that struck me about Silicon Valley in general, and that in your book, you really get to the heart of through the lens of one specific character, which is that so many people in Silicon Valley both seem to believe that artificial intelligence is a miraculous technology. There's lots of Good things, but also a really dangerous technology. Technology that could potentially kill all of humanity. Some of the major efforts at advancing artificial intelligence were actually motivated by trying to understand this technology and make it develop in such a way that it would be safe. And yet those same people seem to be at the very forefront of developing the very technology that they warn could destroy the world. How should we think about. I mean, if it was just one person, you might think it's slightly kind of schizophrenic, but you see it emerging again and again as a theme in different contexts through the founding story of OpenAI and Sam Altman, but obviously also in the story of DeepMind, which you tell in your new book.
