Who Controls AI? With Sendhil Mullainathan

Capitalisn't

University of Chicago Podcast Network

Stigler Center, Chicago Booth, Socialism, Antitrust, University Of Chicago Podcast Network, Growth, 087667, Policy, Monopoly, Professors, Distortion, Research, Competition, Capitalisnt, Inequality, Promarket, Politics, Policymaking, Special Interest, Economics, Efficiency, Regulations, Chicago, Business, Markets, University Of Chicago, Kate Waldock, Capitalism, Friction, Bethany Mclean, Government, Macroeconomics, News, Education, Waldock, Georgetown, Microeconomics, Luigi Zingales, Zingales, Finance, Ucpn

4.5 • 584 Ratings

🗓️ 21 December 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

The firing, and subsequent rehiring, of OpenAI CEO Sam Altman raises fundamental questions about whose interests are relevant to the development of artificial intelligence and how these interests should be weighed if they hinder innovation. How should we govern innovation, or should we just not govern it at all? Did capitalism "win" in the OpenAI saga? Bethany and Luigi sit down with Luigi’s colleague Sendhil Mullainathan, a professor of Computation and Behavioral Science at Chicago Booth. Together, they discuss if AI is really "intelligent" and whether a profit motive is always bad. In the process, they shed light on what it means to regulate in the collective interest and if we can escape the demands of capitalism when capital is the very thing that's required for progress.

Transcript

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0:00.0	Even if Open AI behave perfectly, that's not going to stop anybody else from developing.
0:06.3	I think the distortion Open AI has had in this conversation is it made everyone think this is a monopolistic or oligopolistic market.
0:15.9	It is not at all. It's the free for all.
0:20.0	I'm Bethany McLean.
0:21.6	Did you ever have a moment of doubt about capitalism and whether greed's a good idea?
0:26.9	And I'm Luigi Zengalis.
0:28.2	We have socialism for the very rich, rugged individualism for the poor.
0:33.7	And this is Capital Isn't, a podcast about what is working in capitalism.
0:37.4	First of all, tell me, is there some society you know that doesn't run on And Mrs. Capital Isn't, a podcast about what is working in capitalism.
0:41.9	First of all, tell me, is there some society you know that doesn't run on greed?
0:44.0	And most importantly, what isn't?
0:46.6	We ought to do better by the people that get left behind.
0:49.6	I don't think we shouldn't kill the capital system in the process.
0:55.0	Obviously, what happened at OpenAI is part of the inspiration for this episode. The tech world has been thrown into chaos over the weekend when the company that gave
0:59.0	us chat GPT fired its CEO. Sam Altman, who has drawn comparisons to tech giants like Steve Jobs,
1:06.0	was dismissed by the Open AI board Friday. The move came as a complete surprise to everyone.
1:12.6	Employees are threatening to quit or follow their former bosses to Microsoft. The tech
1:17.2	company scooped up OpenAI's co-founders, Sam Altman, and Greg Brockman.
1:23.1	Let's talk about the big news that broke overnight because a lot of folks focused on it
1:27.4	already this morning. OpenAI posting on X that Sam Alman will. Let's talk about the big news that broke overnight because a lot of folks focused on it already
1:27.7	this morning. Open AI posting on X that Sam Allman will now officially return as CEO.
1:34.2	Former Salesforce CEO Brett Taylor and former Treasury Secretary Larry Summers will join AI's Open's
	...

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