Transaction Costs and Their Impact on Institutions

Samuel Hammond joins the podcast to discuss how AGI will transform economies, governments, institutions, and other power structures. You can read Samuel's blog at https://www.secondbest.ca Timestamps: 00:00 Is AGI close? 06:56 Compute versus data 09:59 Information theory 20:36 Universality of learning 24:53 Hards steps in evolution 30:30 Governments and advanced AI 40:33 How will AI transform the economy? 55:26 How will AI change transaction costs? 1:00:31 Isolated thinking about AI 1:09:43 AI and Leviathan 1:13:01 Informational resolution 1:18:36 Open-source AI 1:21:24 AI will decrease state power 1:33:17 Timeline of a techno-feudalist future 1:40:28 Alignment difficulty and AI scale 1:45:19 Solving robotics 1:54:40 A constrained Leviathan 1:57:41 An Apollo Project for AI safety 2:04:29 Secure "gain-of-function" AI research 2:06:43 Is the market expecting AGI soon?