Economist working on the economics of transformative AI; head of economics at Epoch AI and a research scholar at Stanford.
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Their wordssome people think either uh frontier AI gets commoditized and we all enjoy the benefits, but there might be some risk because like it's the market's really competitive and cutthroat, or um things are safer because there's a big gap between the leader and the laggard, but that means that the leaders get fantastically wealthy. No, like you could just have a relatively big gap, but it's a public company ownership and it's widely distributed.
Their wordsthen the quantity of everything that's not a ballerina, say, goes to infinity, but our the marginal utility in that stuff goes to zero faster than the quantity is rising.