Loading video...

Video Failed to Load

Go Home

🇮🇱 ISRAEL TECH THURSDAY ALMOST EVERYTHING WE BELIEVED ABOUT AI A YEAR AGO WAS WRONG (Part of our new scheduled content...always pinned) Hosted by Michael Eisenberg of Aleph, this special Invested episode is a fast-moving mosaic of conversations with Gavin Baker, Sarah Tavel, Micha Kaufman, Elad Raz, Eran Shir,...

34,201 views • 10 days ago •via X (Twitter)

0 Comments

No comments available

Comments from the original post will appear here

Related Videos

David Friedberg Explains Why AI Will Break Every Economic Model: Will Output Surpass Consumptive Capacity? I think fundamentally, if you're driving productivity with AI, you're driving leverage on human time and leverage on capital. The question is, how quickly can you drive that up? And that's a function of how much consumption there is, how much capacity there is for consumption. So if your earnings are the same, but things are getting more expensive, you're not happy. If your earnings go up by 10% and things stay the same price, you got 10% more than you had last year, you're gonna be happy. I just think all humans are driven by this need to consume more each year than they did last year. So I think for me, that's the lower limit on consumptive capacity in the world. The question that we're now facing, which we've never faced in human history before, is there an upper limit on consumptive capacity? Because AI creates such a profound shift in productivity and in leverage that normally you would say, “Hey, when we get a new tool or we get new leverage in a system, we build a new technology, we can make more with less.” Therefore, everyone gets access to more things for the same price or the cost of things that they consume come down by a certain price. But there may be a situation now where the ability to make stuff exceeds the capacity to consume stuff, and that is something that I don't think we’ve faced before. And I think that's where a lot of the models start to break. Just general economic models, just general productivity models and general social models. And this goes to the point about, like, what is everyone going to do? In the same way that I think we've argued that maybe SaaS was a transitory business phenomenon that existed between the foundation of the internet and the era of AI, it may be the case that knowledge work in general is also a transitory phenomenon that only existed between the foundation of the computer, or computing tools, and the existence of AI, generally speaking. And if all of that goes away very quickly, and all of those people can be redistributed and recast into doing other higher level, more creative things, their productivity goes up by 100x, is there really a consumer on the other end of all of that productivity? Is there really enough consumptive capacity? And I think that's the profound question that we all face.

The All-In Podcast

81,878 views • 6 months ago

David Friedberg: The AI Jobs Panic Is a Crock of Sh*t Why? The revenue potential outweighs the cost savings by 100x. “There is no job loss with AI. I've said it a thousand times, and I will say it again, and again, and again. What I see on the ground, and what I've seen at dozens of companies, including my company that I run, there are two sides to a business. There is revenue and there’s costs. On the cost side of the equation, AI can be used to reduce humans doing things that cost money, to some extent. The effect there, I would argue, is nominal. The real opportunity with AI is on the revenue side, where suddenly one engineer can do 100x or 1000x what they used to be able to do, meaning you can make more products at your company, whether those are agricultural seed products, or boats and ships, or software for companies, or clothing, or what have you. Because of AI, everyone has the ability to expand their revenue base to create more products, and that is the foundation of good economic prosperity. It is called productivity. We can grow productivity in this country with AI. So where I see AI being used is on the revenue side 100x more than the cost side. And in that equation, people are hiring like crazy. We cannot hire enough people. I just had a review meeting with my product and engineering team two days ago, and they're like, ‘We want to add an extra 15 headcount to our engineering squads because we have all this opportunity to do stuff that we couldn't otherwise do.’ So we are going to hire more people. And to Sacks' point, we are seeing that show up in the jobs numbers. The idea that AI is going to destroy jobs is a Luddite idea that is being disproven every single day, and I see it on the ground. It is only a matter of time before people wake up to this and they realize that this narrative that they've all been sold is a crock of sh*t.”

The All-In Podcast

152,399 views • 2 months ago

One week ago, we launched Typeahead. The product is already meaningfully better. We’ve shipped new features, Typeahead 2.0 is almost ready, and we’re already planning 3.0. 3.0 is going to be big. That pace is part of the point. Sam Asante and I started a new company together because we wanted to see how far we could push local AI software. Typeahead is the first thing we shipped. It is a local AI writing app for Mac. You type, suggestions appear inline, and it learns how you actually write. It works offline. You pay once. $79 and you own it. The product is intentionally simple. The thesis behind it is bigger. We think local models are going to create a new class of software. Fast, private and offline. By default. Personal without being creepy. Useful without turning everything into a subscription. Most AI products today assume the model lives in the cloud. That will not be the only path. The machines we already own are getting powerful enough. The models are getting small enough. And the experience can start to feel less like chatting with a remote service and more like using software that belongs on your computer. We have already built a few fully local experiments together. Typeahead felt right because the value is immediate. A few people have asked me how this fits with Crazy Egg. Crazy Egg is still my main work. This is a focused company with Sam, built around a thesis we both believe in. I’ve learned that the people I work with shape the work more than almost anything else. Sam was already on my short list of people I wanted to build with. Typeahead is the first public proof of the thesis. Watch the video. Get it here:

Hiten Shah

18,627 views • 2 months ago