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What becomes valuable when the Economic Singularity hits? I've thought long and hard about this. Everyone's scared of the robots coming for everything. But there’ll always be a place for humans. For eg nobody has beaten a computer at chess in 35 years and the chess industry has never...

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Jack Ma told Elon Musk humans will always be smarter than machines. Musk’s reaction says everything. "Computers may be very clever, but human beings are much smarter. We invented the computer. I've never seen a computer invent a human being." Ma's argument was simple. Computers are tools. They calculate faster, remember more, but humans still hold something machines don't: experience, judgment, wisdom. Musk clearly didn't buy it. "What would be an example of something that humans are better than a computer at?" Watching this exchange now feels completely different than it did then. AI agents aren't just calculating anymore. They're writing code, analyzing documents, planning tasks, deciding what to do next on their own. METR found that the length of software tasks frontier agents can complete autonomously has historically doubled roughly every seven months, with signs of even faster progress through parts of 2024. That's where Ma's argument starts to buckle. For decades, technology automated what humans did. AI is starting to automate what we assumed required a human to think. And companies were already learning to create enormous value with almost no people before this wave even arrived. Instagram sold for $1 billion with 13 employees. WhatsApp sold for $19 billion with 55. Now picture what happens when a small team can direct hundreds of machines that never sleep, never take a salary, never need an office. The question was never just which jobs disappear. It's what happens to the money once fewer humans are needed to create it in the first place. That's the question behind 2028: The Economy Without Humans. Who gets the money when machines do the work?

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