WEBVTT - Who decided AI was inevitable?

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<v Speaker 1>Corey Doctor Rowe is the author and tech critic who

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<v Speaker 1>brought us the term and shitification.

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<v Speaker 2>First, a company is good to its end users, then

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<v Speaker 2>it locks them in, and then it is good to

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<v Speaker 2>its business customers, who then get locked in, and then

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<v Speaker 2>it takes all the value for itself, leaving behind a

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<v Speaker 2>giant pile of shit that is in shitification, a tragedy

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<v Speaker 2>in three acts.

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<v Speaker 1>Now his warning that what we've been led to believe

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<v Speaker 1>is the inevitable march of AI towards world domination. Isn't

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<v Speaker 1>that inevitable after all? And actually what we're marching towards

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<v Speaker 1>could be the end of the AI bubble Because every

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<v Speaker 1>time you ask Chat, GPT, Claude or Gemini a question,

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<v Speaker 1>companies like open ai are losing money.

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<v Speaker 3>The more we use, the more they lose.

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<v Speaker 1>And while those AI giants burn through billions of dollars

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<v Speaker 1>a year gambling that eventually they'll figure out how to

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<v Speaker 1>turn it into a profitable business, the world's economy is

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<v Speaker 1>hanging in the balance. I'm Ruby Jones, and you're listening

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<v Speaker 1>to seven AM today Corey doctor Oh on why the

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<v Speaker 1>AI boom is being pushed into every part of our

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<v Speaker 1>lives and what happens when the bubble bursts. It's Tuesday,

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<v Speaker 1>July twenty eighth.

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<v Speaker 3>Corey, Welcome to seven AM. Thanks for coming on the show.

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<v Speaker 2>Oh well, thank you for having me on.

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<v Speaker 1>So I thought we could begin by talking about some

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<v Speaker 1>of the claims that are made around AI and its inevitability.

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<v Speaker 1>The way it's sort of framed is this technology that

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<v Speaker 1>has arrived.

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<v Speaker 3>It's going to change the nature of work.

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<v Speaker 1>It's going to fundamentally reshape life.

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<v Speaker 3>As we know it.

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<v Speaker 1>So to begin with, tell me a bit about who's

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<v Speaker 1>making these claims and why they are.

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<v Speaker 2>Well, I think that we've heard these claims before. We

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<v Speaker 2>heard that cryptocurrency was going to replace all of our

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<v Speaker 2>trains actions, that the metaverse was going to replace the

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<v Speaker 2>web that NFTs, where we're going to replace all art.

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<v Speaker 4>We're talking about AI physics or AI biology for drug discovery,

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<v Speaker 4>AI agents for customer service and support of diagnosis, and

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<v Speaker 4>of course physical AI robotic systems.

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<v Speaker 2>This kind of claim to declare a fatal complete even

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<v Speaker 2>before you've got started, is very powerful rhetorically. All of

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<v Speaker 2>these AI capabilities that make you smarter, help you communicate better,

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<v Speaker 2>improve your memory, improve your senses, and more. It's a

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<v Speaker 2>way to exterminate any thought that things might be different

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<v Speaker 2>before you can even start thinking about it.

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<v Speaker 5>Anthropic, we talk a lot about the exponential, and I

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<v Speaker 5>think that's what we're all feeling right now. The jumps

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<v Speaker 5>keep getting bigger and the intervals keep getting shorter.

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<v Speaker 2>And we hear it now from AI people who are

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<v Speaker 2>desperately trying to explain how they can take a sector

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<v Speaker 2>that grosses fifty billion American dollars a year and somehow

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<v Speaker 2>turn it into a profit making venture, despite the fact

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<v Speaker 2>that they've spent more than a trillion dollars just this year,

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<v Speaker 2>and despite the fact that every generation of it is

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<v Speaker 2>less profitable than the previous generation, and despite the fact

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<v Speaker 2>that they're having to replace all of their hardware every

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<v Speaker 2>two to three years.

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<v Speaker 6>Sard from opening I CEO Sam Altman with a fresh

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<v Speaker 6>look at the company's financials. He says that they expect

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<v Speaker 6>their annualized revenue run rate to top twenty billion dollars

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<v Speaker 6>this year it was thirteen billion dollars before that, and

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<v Speaker 6>to grow to hundreds of billions by twenty thirty. That's

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<v Speaker 6>also a revision upward.

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<v Speaker 1>Yeah, so this kind of talk, it's led to what

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<v Speaker 1>many people have speculated is in AI bubble, but believing

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<v Speaker 1>big tech when it talks about what AI can and

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<v Speaker 1>will do. We've now arrived at this place where we

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<v Speaker 1>have vastly overestimated its value. So what is your view

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<v Speaker 1>on whether AI is actually providing what it's promising the

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<v Speaker 1>productivity and profit.

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<v Speaker 2>Well, the productivity and profit are nowhere to be found

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<v Speaker 2>in the world. You have some ANNEC data from individuals

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<v Speaker 2>who say, well, I've used AI and made myself far

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<v Speaker 2>more productive. But when you actually look at the firms

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<v Speaker 2>that have deployed AI, what you find is that even

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<v Speaker 2>with the massive subsidy the AI companies are offering, and

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<v Speaker 2>the subsidies can't be overstated. Basically, at this point, AI

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<v Speaker 2>companies are selling hundred dollar bills at a dollar apiece,

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<v Speaker 2>and even with that, you're not finding the productivity gains

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<v Speaker 2>that firms were hoping for. We keep seeing firms that

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<v Speaker 2>fire large numbers of workers and then have to try

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<v Speaker 2>and hire them back. But even worse was about a

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<v Speaker 2>month ago when the AI companies were all thinking about

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<v Speaker 2>their IPOs and they said, well, let's clean up our

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<v Speaker 2>balance sheets a little and raise the price of these

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<v Speaker 2>hundred dollar bills to five dollars apiece, and all of

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<v Speaker 2>the CEOs, even the ones who've been most enthusiastic about

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<v Speaker 2>using AI, suddenly turned around and said, wait, your one

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<v Speaker 2>hundred dollar bills were barely worth it at a dollar each,

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<v Speaker 2>but at five dollars each, there's just no way we're

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<v Speaker 2>going to be able to continue to buy these things.

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<v Speaker 2>And they suddenly went from saying you're going to get

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<v Speaker 2>fired if you don't use AI to you're going to

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<v Speaker 2>get fired if you keep using AI, at least in

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<v Speaker 2>the way you've been using it so far.

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<v Speaker 1>Yeah, so you're saying these companies AI companies like open

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<v Speaker 1>Ai and Anthropic, they aren't actually making real profits. In fact,

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<v Speaker 1>they're losing billions of dollars a year, yet the valuation

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<v Speaker 1>of their stock is skyrocketing. So what is the impact

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<v Speaker 1>of that.

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<v Speaker 2>Yeah, Well, the shares and affirm that are growing are

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<v Speaker 2>worth far more than the shares of affirm that is mature.

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<v Speaker 2>And that's because a share is a claim on the

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<v Speaker 2>future income of a company. So if you can imagine

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<v Speaker 2>two companies, each of which turns over a million dollars

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<v Speaker 2>this year, but one of which is expected to double

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<v Speaker 2>in size next year, you could see why shares in

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<v Speaker 2>that company that's doubling in size would be worth more

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<v Speaker 2>than the shares in the company that are static. And

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<v Speaker 2>when your shares enjoy what's called this high price to

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<v Speaker 2>earnings ratio, when they're valued this highly, they become extremely

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<v Speaker 2>liquid and you can use them in place of cash.

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<v Speaker 2>And the advantage of shares over dollars is that shares

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<v Speaker 2>are an endogenous product. They're made within the four walls

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<v Speaker 2>of the company through the simple expedient of typing zeros

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<v Speaker 2>into spreadsheets. And the corollary of this is that when

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<v Speaker 2>you stop growing, when you become mature, which has to

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<v Speaker 2>happen eventually. Right, if you're Google with a ninety percent

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<v Speaker 2>search market share, you're not going to grow your search

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<v Speaker 2>market share anymore, right, And so you know, when you

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<v Speaker 2>cap out your growth, your company becomes grossly overvalued because

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<v Speaker 2>it's been valued as a growth company, but now it's

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<v Speaker 2>a mature company. And at that point you see these

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<v Speaker 2>panic sell offs. This is why every time tech companies

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<v Speaker 2>announce very small slowdowns in their growth or reversals, you

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<v Speaker 2>get these mass selloffs. You know, Facebook had a two

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<v Speaker 2>hundred and forty billion dollars one day sell off in

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<v Speaker 2>the first quarter of twenty twenty two, after announcing it

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<v Speaker 2>had slightly fewer American signups than they'd anticipate.

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<v Speaker 5>It is on Wall Street this morning after shares of

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<v Speaker 5>Facebook's parent Come company plunged yesterday.

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<v Speaker 2>Is stock continuing to tumble this week after a disappointing

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<v Speaker 2>report this quarter, shares.

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<v Speaker 1>In Facebook now called Meta, plunging twenty six percent after

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<v Speaker 1>results showed people are turning away from the social media platform.

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<v Speaker 2>It was the largest decapitalization of any firm in the

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<v Speaker 2>history of markets until it happened again to Nvidia a

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<v Speaker 2>couple of years later, this time to the tune of

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<v Speaker 2>three quarters of a trillion dollars. But if you can't grow, well,

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<v Speaker 2>the next best thing is to promise you're going to

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<v Speaker 2>grow right, to say, well, look we're about to conquer

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<v Speaker 2>a new imaginary market in NFTs or web three, or

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<v Speaker 2>now that AI is getting a little stale as super intelligence.

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<v Speaker 2>And you know, all of these things benefit in part

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<v Speaker 2>from having technical meanings that aren't well understood or even

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<v Speaker 2>well defined, So you can claim that you're going to

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<v Speaker 2>conquer a market that no one else understands, which means

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<v Speaker 2>when they say that that market isn't worth what you

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<v Speaker 2>say it is. You can repost by saying, nuh uh.

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<v Speaker 2>I'm the only person in the world who even knows

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<v Speaker 2>what this market is, so how can you tell me

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<v Speaker 2>it's not as big as I claim it's going to be.

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<v Speaker 1>But the scale here when we're talking about AI is

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<v Speaker 1>where this gets a bit frightening. I mean, you say,

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<v Speaker 1>we've reached the point where the US economy, which really,

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<v Speaker 1>by extension means the world economy, depends on AI and

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<v Speaker 1>its growth.

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<v Speaker 3>So how precarious is that?

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<v Speaker 2>Oh, it's extremely precarious. This is the frightening thing about AI.

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<v Speaker 2>It's not like that we're going to teach too many

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<v Speaker 2>words to the word guessing program and it's going to

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<v Speaker 2>wake up and become God and turn us into paper

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<v Speaker 2>clips or something. It's that seven firms, six of whom

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<v Speaker 2>are losing money to the seventh one represent thirty five

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<v Speaker 2>percent of the S and P five hundred, the most

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<v Speaker 2>important financial index in the world. They are all passing

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<v Speaker 2>around the same one hundred billion dollar IOU and pretending

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<v Speaker 2>that it's in all of their bank accounts at once,

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<v Speaker 2>which you know, to call that accounting fraud is to

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<v Speaker 2>do violence to the noble accounting fraud. And at the

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<v Speaker 2>same time, every new generation of AI is less profitable

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<v Speaker 2>than the previous one. Every new customer for AI costs

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<v Speaker 2>THEII companies money, and every time the AI companies have

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<v Speaker 2>a customer that uses their products, they lose even more money. Meanwhile,

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<v Speaker 2>the actual hard assets, the data centers, the GPUs, they're

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<v Speaker 2>being replaced every like two to three years, and I

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<v Speaker 2>think we underestimate just how much of that hard capital

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<v Speaker 2>has to be thrown away with every generation of the technology.

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<v Speaker 2>And often it's the case that to retrofit a data

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<v Speaker 2>center it would cost more than scraping into the foundation

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<v Speaker 2>slab and building a new one when you buy new

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<v Speaker 2>chips for it. So all of this stuff is basically disposable,

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<v Speaker 2>and you add it all up and it just doesn't

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<v Speaker 2>turn into a business you could bail out. It's not

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<v Speaker 2>like buying a bunch of distressed real estate assets that

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<v Speaker 2>when you're done, are real estate that people can live in.

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<v Speaker 2>It's like buying a toxic waste dump that's on fire

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<v Speaker 2>and you don't know how to put out the fire.

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<v Speaker 2>In every year, you have to commit more resources to

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<v Speaker 2>evacuating people from the region because it's poisoning their soil

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<v Speaker 2>and their air.

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<v Speaker 3>Coming up.

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<v Speaker 1>What will happen to workers in the AI boom and

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<v Speaker 1>eventual bust. So Corey, you in your book make the

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<v Speaker 1>case that nothing is inevitable about AI, and the best

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<v Speaker 1>way to think about it is in terms of whether

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<v Speaker 1>we are driving it to work for us or whether

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<v Speaker 1>it's being used to force us to change our behavior.

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<v Speaker 3>Talk me through that idea.

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<v Speaker 2>Yeah, for sure. You know, this isn't the first time

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<v Speaker 2>labor and automation have come into conflict, and one of

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<v Speaker 2>its bedrocks is that when labor drives automation adoption, typically

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<v Speaker 2>it's in service to making things better. Workers want to

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<v Speaker 2>improve their outputs. When capital drives automation, they want to

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<v Speaker 2>maximize quantity, not quality, and often it's quantity at the

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<v Speaker 2>expense of quality. And so we see automation now in

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<v Speaker 2>AI being driven almost exclusively by capital. You know, when

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<v Speaker 2>you read the business press, it's not like the early

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<v Speaker 2>two thousands, where you know, Harvard Business Review was publishing

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<v Speaker 2>panicked articles about what CEOs we're going to do about

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<v Speaker 2>all the young workers who expected to use the web

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<v Speaker 2>at the office. Now it's full of articles about how

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<v Speaker 2>c are threatening to fire workers unless they use AI. Right,

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<v Speaker 2>So you know this is very much capital driven automation.

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<v Speaker 2>But when you are the weakest link in the chain,

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<v Speaker 2>when you're the bottleneck and the output of the machine,

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<v Speaker 2>then you're going to be worked at the absolute limit

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<v Speaker 2>of your capacity by a machine that by definition can

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<v Speaker 2>last longer than you, move faster than you, and is

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<v Speaker 2>stronger than you, which means that the minute you make

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<v Speaker 2>a mistake, you're in for a world of hurt. You know,

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<v Speaker 2>Amazon built the world's most automated warehouses. They're also the

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<v Speaker 2>warehouses with the highest rate of injury. That's not a coincidence.

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<v Speaker 2>It's the consequence you don't pay eight figures for warehouse

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<v Speaker 2>automation and run the machine slower than you need to.

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<v Speaker 2>And when you run the machine at the maximum speed

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<v Speaker 2>of the people who operate in it and around it,

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<v Speaker 2>it means that the minutes someone gets something wrong, they

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<v Speaker 2>get impaled on a forklift.

0:11:48.960 --> 0:11:51.520
<v Speaker 1>Can we talk a little more about workers, because your

0:11:51.520 --> 0:11:55.720
<v Speaker 1>contention here seems to be that tech companies are pushing

0:11:55.880 --> 0:11:58.679
<v Speaker 1>the exponential growth of AI because growth is key to

0:11:58.720 --> 0:12:02.240
<v Speaker 1>their survival. To do that, they are in turn convincing

0:12:02.360 --> 0:12:05.600
<v Speaker 1>bosses of companies that AI can do the jobs of

0:12:05.679 --> 0:12:08.360
<v Speaker 1>their workers, meaning that they'll be able to either fire

0:12:08.400 --> 0:12:11.200
<v Speaker 1>those workers or pay them less, leading to more profit

0:12:11.240 --> 0:12:14.280
<v Speaker 1>for the company. So where does all of this leave workers.

0:12:14.800 --> 0:12:16.840
<v Speaker 2>Yeah, well, you know, I think you just have to

0:12:16.920 --> 0:12:19.840
<v Speaker 2>understand that, like, bosses are infinitely horny to get rid

0:12:19.880 --> 0:12:23.079
<v Speaker 2>of workers because every day they have ego shattering confrontations

0:12:23.320 --> 0:12:25.200
<v Speaker 2>with people who know how to do things that they

0:12:25.200 --> 0:12:27.640
<v Speaker 2>don't know how to do, and who you know, tell

0:12:27.679 --> 0:12:29.520
<v Speaker 2>them every time they show up with a great idea

0:12:29.600 --> 0:12:31.839
<v Speaker 2>that it's illegal or moral or it's going to kill

0:12:31.880 --> 0:12:34.880
<v Speaker 2>a bunch of people. And you can you know, dispel

0:12:35.040 --> 0:12:37.000
<v Speaker 2>that fear that you're in the back seat with a

0:12:37.080 --> 0:12:39.880
<v Speaker 2>Fisher Price steering wheel instead of in the driver's seat

0:12:40.160 --> 0:12:42.880
<v Speaker 2>by using AI to like come up with the product

0:12:42.880 --> 0:12:45.040
<v Speaker 2>idea and the AI craps it out and you don't

0:12:45.040 --> 0:12:47.840
<v Speaker 2>have to like actually talk to people about it. And

0:12:47.880 --> 0:12:50.840
<v Speaker 2>what you get is a very dim world for workers.

0:12:50.880 --> 0:12:53.240
<v Speaker 2>Which is not to say that AI isn't useful for workers.

0:12:53.600 --> 0:12:56.120
<v Speaker 2>I mean, I think the way to resolve the paradox

0:12:56.320 --> 0:12:59.480
<v Speaker 2>of for example, programmers who sometimes say, well, I use

0:12:59.520 --> 0:13:01.640
<v Speaker 2>AI and my code is better than it's ever been.

0:13:01.720 --> 0:13:03.960
<v Speaker 2>I can't believe how much I'm getting done, and other

0:13:04.040 --> 0:13:07.200
<v Speaker 2>programmers who are also skilled and also reliable narrators of

0:13:07.240 --> 0:13:09.800
<v Speaker 2>their experience, who say, I can't believe how much tech

0:13:09.840 --> 0:13:12.240
<v Speaker 2>debt we're incurring at my company. You know, we make

0:13:12.520 --> 0:13:16.040
<v Speaker 2>whatever av onics never get on an airplane again, because

0:13:16.080 --> 0:13:19.400
<v Speaker 2>we have shoveled so much bad code into the world's

0:13:19.720 --> 0:13:22.800
<v Speaker 2>civilian aircraft that they should never be trusted to fly.

0:13:23.280 --> 0:13:24.720
<v Speaker 2>And you know, you look at those two groups of

0:13:24.720 --> 0:13:28.920
<v Speaker 2>people and you know, try to resolve this seeming paradox

0:13:28.960 --> 0:13:31.720
<v Speaker 2>in what you find inevitably is that the first group

0:13:31.720 --> 0:13:33.880
<v Speaker 2>of workers are choosing how they use AI, and the

0:13:33.880 --> 0:13:37.120
<v Speaker 2>second group of workers, well, they've seen all their colleagues fired,

0:13:37.160 --> 0:13:38.960
<v Speaker 2>and they're being asked to work at ten times the

0:13:39.000 --> 0:13:41.840
<v Speaker 2>former speed, to mark the AI's homework and take the

0:13:41.880 --> 0:13:45.000
<v Speaker 2>blame when it goes wrong. And so, you know, I

0:13:45.040 --> 0:13:47.720
<v Speaker 2>think that there's plenty of useful things we can do

0:13:47.800 --> 0:13:49.480
<v Speaker 2>with AI. I just don't think we're going to do

0:13:49.559 --> 0:13:52.040
<v Speaker 2>them in the conditions in which the imperative is to

0:13:52.120 --> 0:13:54.040
<v Speaker 2>fire workers and replace them with software.

0:13:54.679 --> 0:13:57.240
<v Speaker 1>So we're at the point now where the tech itself

0:13:57.280 --> 0:14:00.800
<v Speaker 1>is being used by corporations. Sometimes it works expense but

0:14:00.880 --> 0:14:05.880
<v Speaker 1>it's likely vastly over valued. So what happens if that

0:14:05.920 --> 0:14:06.800
<v Speaker 1>bubble bursts?

0:14:07.320 --> 0:14:10.120
<v Speaker 2>Well, you know, not all bubbles are created equally. If

0:14:10.160 --> 0:14:13.520
<v Speaker 2>you remember the Enron bubble, where you had this energy

0:14:13.679 --> 0:14:16.840
<v Speaker 2>trading firm that was just doing accounting fraud and sucking

0:14:16.880 --> 0:14:19.320
<v Speaker 2>up the money of ordinary people who were just trying

0:14:19.320 --> 0:14:21.240
<v Speaker 2>to save so that they wouldn't starve to death or

0:14:21.280 --> 0:14:24.480
<v Speaker 2>be homeless when they got old. When they popped, there

0:14:24.480 --> 0:14:27.800
<v Speaker 2>was nothing left behind for all the billions they stole. Meanwhile,

0:14:27.840 --> 0:14:30.000
<v Speaker 2>there was another fraud at the same time called WorldCom,

0:14:30.480 --> 0:14:32.800
<v Speaker 2>and WorldCom is also an accounting fraud, but wasn't a

0:14:32.800 --> 0:14:36.040
<v Speaker 2>pure accounting fraud. WorldCom's claim was they had hundreds of

0:14:36.040 --> 0:14:39.280
<v Speaker 2>billions of dollars in fiber optic orders, and to kind

0:14:39.280 --> 0:14:42.640
<v Speaker 2>of make the show look good, they dug up streets

0:14:42.640 --> 0:14:45.040
<v Speaker 2>all over the world and put fiber optic in the ground.

0:14:45.520 --> 0:14:47.960
<v Speaker 2>And that fiber optic is still there. So when you

0:14:48.000 --> 0:14:51.600
<v Speaker 2>look at contemporary bubbles like cryptocurrency, it's not really going

0:14:51.640 --> 0:14:54.440
<v Speaker 2>to leave anything behind. When crypto goes to zero, we'll

0:14:54.480 --> 0:14:58.280
<v Speaker 2>have like ugly monkey JPEGs and stupid Austrian economics. But

0:14:58.400 --> 0:15:00.880
<v Speaker 2>when AI goes to zero, was still have data centers,

0:15:00.880 --> 0:15:03.080
<v Speaker 2>we'll still have GPUs, We'll have a lot of workers

0:15:03.120 --> 0:15:05.800
<v Speaker 2>who know how to do stuff, and we're going to

0:15:05.800 --> 0:15:07.920
<v Speaker 2>have these open source models that have barely been touched,

0:15:08.000 --> 0:15:10.720
<v Speaker 2>barely been optimized, and every time someone looks at them,

0:15:11.240 --> 0:15:13.040
<v Speaker 2>they can find all kinds of ways to make them

0:15:13.080 --> 0:15:16.200
<v Speaker 2>perform better. And I think, if anything, we'll probably see

0:15:16.240 --> 0:15:19.040
<v Speaker 2>some pretty good stuff as a result of that. Notwithstanding

0:15:19.040 --> 0:15:21.320
<v Speaker 2>that the economic crisis is going to be terrible, and

0:15:21.640 --> 0:15:23.960
<v Speaker 2>when a third of the stock market is vaporized because

0:15:24.000 --> 0:15:26.600
<v Speaker 2>these firms, you know, have to finally mark their assets

0:15:26.600 --> 0:15:29.560
<v Speaker 2>to market and stop pretending that their IOUs are and

0:15:29.560 --> 0:15:32.280
<v Speaker 2>all their bank accounts at once, we'll probably see governments

0:15:32.280 --> 0:15:34.680
<v Speaker 2>around the world do austerity again, which is just going

0:15:34.720 --> 0:15:37.080
<v Speaker 2>to drive more people into the arms of fascists. But

0:15:37.120 --> 0:15:39.200
<v Speaker 2>in terms of the technology, it'll probably be a bit

0:15:39.280 --> 0:15:42.320
<v Speaker 2>like Web two point zero, where all the stupid bosses

0:15:42.440 --> 0:15:44.720
<v Speaker 2>left the Bay Area and you could buy the servers

0:15:44.720 --> 0:15:47.160
<v Speaker 2>they left behind for pennies on the dollar, and all

0:15:47.160 --> 0:15:49.640
<v Speaker 2>the workers who had interesting ideas for what to do

0:15:49.960 --> 0:15:52.520
<v Speaker 2>suddenly didn't have to convince their bosses that these were

0:15:52.520 --> 0:15:54.880
<v Speaker 2>good ideas, and you know, they hired each other and

0:15:54.880 --> 0:15:57.280
<v Speaker 2>made some interesting stuff. You know. I was living in

0:15:57.280 --> 0:16:00.200
<v Speaker 2>San Francisco when the dot com bubble burst. One of

0:16:00.240 --> 0:16:02.840
<v Speaker 2>the things that I'd always craved during that whole bubble

0:16:03.000 --> 0:16:06.480
<v Speaker 2>was these very fancy ergonomic chairs from Steelcase called the

0:16:06.560 --> 0:16:09.480
<v Speaker 2>leap Chair, that were about fifteen hundred dollars each. And

0:16:09.520 --> 0:16:12.080
<v Speaker 2>I remember a day walking through the mission where I lived,

0:16:12.120 --> 0:16:14.000
<v Speaker 2>and there was a dot com ceo in front of

0:16:14.040 --> 0:16:17.280
<v Speaker 2>the office where he just lost his lease, selling like

0:16:17.360 --> 0:16:20.160
<v Speaker 2>a fleet of Steelcase leap chairs still in the plastic

0:16:20.200 --> 0:16:22.920
<v Speaker 2>for twenty five dollars apiece. I bought six of them

0:16:22.920 --> 0:16:24.680
<v Speaker 2>and use them as a dining room set for the

0:16:24.720 --> 0:16:27.240
<v Speaker 2>next ten years. Right, you know the idea of like

0:16:27.400 --> 0:16:30.640
<v Speaker 2>buying AI now, it's like buying your Steelcase leaf chairs

0:16:30.680 --> 0:16:33.240
<v Speaker 2>in like the spring of twenty twenty, when you can

0:16:33.280 --> 0:16:35.560
<v Speaker 2>see the fall of twenty twenty coming at you like

0:16:35.600 --> 0:16:37.680
<v Speaker 2>a freight train, when you're gonna be able to buy

0:16:37.680 --> 0:16:41.240
<v Speaker 2>things for pennies. Right, just just wait. If you really

0:16:41.280 --> 0:16:44.320
<v Speaker 2>feel you need a sovereign AI, just wait and buy

0:16:44.360 --> 0:16:45.400
<v Speaker 2>it then.

0:16:46.000 --> 0:16:48.200
<v Speaker 3>Well, Corey, thank you so much for speaking with me.

0:16:48.480 --> 0:16:49.640
<v Speaker 2>Well, thank you very much.

0:16:52.080 --> 0:16:52.320
<v Speaker 3>Cory.

0:16:52.400 --> 0:16:55.440
<v Speaker 1>Doctor Rowe is in Australia. This August for appearances at

0:16:55.480 --> 0:16:58.760
<v Speaker 1>Sydney's Festival of Dangerous Ideas and in Melbourne at the

0:16:58.760 --> 0:17:01.240
<v Speaker 1>Capitol presented by the Wheel Center and now or ever,

0:17:01.760 --> 0:17:04.480
<v Speaker 1>his new book, The Reverse Centaur's Guide to Life After

0:17:04.520 --> 0:17:20.280
<v Speaker 1>AI is out now. Also when the news Victoria's Premier

0:17:20.320 --> 0:17:22.920
<v Speaker 1>to Center Allen could today be rolled just months out

0:17:22.960 --> 0:17:25.800
<v Speaker 1>from the November state election. A group of ministers and

0:17:25.920 --> 0:17:28.960
<v Speaker 1>MPs met with the Premier yesterday urging her to stand down.

0:17:29.520 --> 0:17:32.240
<v Speaker 1>Deputy Premier Ben Carroll has advised the Premier that he

0:17:32.280 --> 0:17:34.480
<v Speaker 1>intends to be a candidate for leadership in the event

0:17:34.520 --> 0:17:37.080
<v Speaker 1>of a spill, which is likely to unfold a caucus

0:17:37.080 --> 0:17:41.240
<v Speaker 1>meeting today and South Australia has recorded seven new suspected

0:17:41.280 --> 0:17:44.639
<v Speaker 1>cases of H five bird flu. If further testing of

0:17:44.680 --> 0:17:48.000
<v Speaker 1>the cases by the CSIRO comes back positive, it'll take

0:17:48.040 --> 0:17:50.919
<v Speaker 1>the total number of bird flu detections in South Australia

0:17:51.000 --> 0:17:54.240
<v Speaker 1>to fourteen. Today, there have been no H five bird

0:17:54.280 --> 0:17:57.800
<v Speaker 1>flu detections in the poultry industry, captive birds, pet or

0:17:57.840 --> 0:18:02.400
<v Speaker 1>other wildlife and livestock andmory industries and wildlife organizations say

0:18:02.440 --> 0:18:06.600
<v Speaker 1>they're working alongside the state government to state vigilant I'm

0:18:06.680 --> 0:18:07.320
<v Speaker 1>Ruby Jones.

0:18:07.400 --> 0:18:09.159
<v Speaker 3>This is seven AM. Thanks for listening.