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Whether AI's gains are widely shared turns on whether it is like electricity, where the users captured the benefit, or like social media, where the platform did.

Drawn from what Alex Imas said

Subjectsenergysocial media
What this subject means

social media Feeds and the platforms that rank them: what an algorithm decides is important, and what curating your own sources costs.

Interesting
A private bookmark. Not a position, and never counted.

What Alex Imas actually said

Word for word, with the source under each one. They did not write this page.

  1. Alex Imas

    Behavioural economist at Chicago Booth

    because a lot with electricity, a lot of the downstream benefits actually came to like the users of the electricity rather than the rather than the actual entity producing the electricity. On the other hand, with social media, it was the opposite case, right? Social media, you know, it was everywhere. Everybody uses social media, but the rents went to the platform.

    Where this was said

    Watch from 1:07:11 plays here

    ↗The better AI gets, the smaller its share of the economy might get – Alex Imas and Phil Trammellyoutube.com

    video · 1h 16m · spoken · machine transcript

    All 33 korrents from this recordingthis one is 28th

Added to korrents 4 Jun 2026 · How quotes work · Something wrong? Tell us

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