You've just been told you have superpowers.

You've just been told you can have multiple employees for $200 a month.

What do you do?

If I was a young person today starting off my career, I would try to convince my parents to

give me some money to harness a huge swarm of computers and see, like, can I spend $5,000

of compute productively?

That's the challenge.

We've been talking about a meme sort of in tech world for years now. spend $5,000 of compute productively. That's the challenge.

We've been talking about a meme sort of in tech world for years now, the idea of like the one person billion dollar startup, right?

Is this not how that happens?

What we're describing is exactly how that happens.

There's a new surplus.

Learn to exploit it.

That is the lesson for a young person.

Look, the apprenticeship might be dead,

but the real work is beginning.

Hi, everybody. We're here with Kristen Catalini, who's the co-founder of LightSpark, and founder of the

MIT Crypto-Economics Lab, as well as Eddie Lazaran.

And we're here to talk about a new economics paper that Christian published called Some Simple Economics of AGI.

Christian, I think the title of this paper is slightly misleading in that it's actually not incredibly simple.

It's more than 100 pages long, and there are many complex mathematical formula involved.

Maybe some of the insights you've managed to distill down into a simple kind of framework for people to understand things,

...