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Azeem Azhar's Exponential View

Azeem on AI: Will Large Language Models Reshape Our Economies?

Azeem Azhar's Exponential View

EPIIPLUS 1 Ltd / Azeem Azhar

Openai, Intelligence, It, Society, Technology, Review, Ai, Investing, Science, Economy, Business, Artificial Intelligence, Automation, Robots, Exponential, Future, Tech News, Work, Government, Exponential View, Economics, News, Gpt, Azeem Azhar

51.1K Ratings

🗓️ 17 May 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

Drawing on Carlota Perez's framework, Azeem Azhar considers whether large language models, such as OpenAI's GPT-4, will drive a paradigm shift across our economies.

Transcript

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0:00.0

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0:06.4

with tax incentives, world-class talent, and a thriving entrepreneurial ecosystem.

0:11.7

Visit investpr.org today.

0:14.9

Game changers, welcome home.

0:23.9

Hi there, I'm Azimazal.

0:25.6

For the past decade, I've studied exponential technologies, their emergence, rapid uptake,

0:30.1

and the opportunities they create.

0:32.0

I wrote a book about this in 2021, it's called The Exponential Age.

0:36.7

Even with my expertise, I sometimes find it challenging to keep up with the fast pace

0:40.1

of change in the field of artificial intelligence, and that's why I'm excited to share a series

0:44.6

of weekly insights with you, where we can delve into some of the most intriguing questions

0:48.7

about AI.

0:50.7

In these first reflections, I will speak about why large language models can be considered

0:54.5

a general purpose technology, meaning the kinds of technologies that can fundamentally

0:58.7

change our economy.

1:00.3

I recorded this initially for members of my exponential view newsletter, if you want

1:04.0

to stay in touch and hear more from you weekly, go to www.exponentialview.co.

1:09.5

Now let's jump into a brief reflection on two questions.

1:12.5

One, can we consider large language models to be general purpose technologies?

1:17.2

And if so, are the conditions right for a technological revolution?

1:21.4

So, GPs or multipurpose technologies, are these really powerful technologies that tend

1:26.2

to fundamentally change cost structure in an economy and have really, really long-term

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