From the New World

Byrne Hobart: Over- and Under-Correction in Tech

May 15, 2023

03:19:11

Creator website

Episode guests

Byrne Hobart

Highlights

AI Chapters

Episode notes

Competition in copying the Berkshire model and RENETC's unique strategy

01:22

The Limits of Language Models in Modeling Intelligence

01:42

Redirecting the Discussion Spectrum of Open AI

00:44

The Strategy of Bribes and Frictional Costs

01:18

Introduction

2min

The Negative Feedback Loop in the Market

4min

How to Bet on Stocks That Are Moving in the Opposite Direction

2min

The Negative Selection Question for Investing in Private Companies

3min

The Relationship Between Ideology and Worldview in Open AI Funding

3min

The Struggle to Get Your Product Legal

5min

The Trade-Off Between Aggressive and Passive Approaches to Regulation

2min

The Benefits of Systematic Rule Vending

4min

The Internal Organizational Fights

6min

10.

Coinbase's Mission Focused Company

3min

11.

Sam Altman's Vision of Open AI

3min

12.

Microsoft's Thought Process for Investing in Open AI

4min

13.

Microsoft's $1 Billion Investment in Open AI

2min

14.

The Importance of Documented Understanding of the Finicky Features of Machine Learning Models

5min

15.

The Importance of Intuition in Intelligence

4min

16.

The Importance of Basic Data in AI

5min

17.

The Importance of a Simple Setup in a Complex Problem

4min

18.

The Future of Automation

5min

19.

Sam Altman's Crypto Project World Coin Releases First Consumer Product

6min

20.

The Economic Power of Open AI

2min

21.

The Duality of Industrialization and the Social Problems

5min

22.

The Importance of Charisma in Democracy

4min

23.

Machine Learning Funding: The Pros and Cons

4min

24.

The Benefits of Using Apps to Target Customers

3min

25.

The Most Public Choice Theory

2min

26.

The Importance of First Party Data in Privacy

3min

27.

Machine Learning Startup Funding: Is It a Recession?

4min

28.

The Convenience of Planning for Open AI Discussion

4min

29.

The Effect of Market Timing on Bubbles

5min

30.

The Most Underrated Article of the 20th Century

2min

31.

The Bubbles and Gnosticism

3min

32.

The Role of Professionals in Social Media

4min

33.

The Value of Being Specialized

4min

34.

The Importance of Link Roundups

3min

35.

The Difference Between Substack and Legacy Media Link Posts

2min

36.

The Power of Sub-Stacks

2min

37.

The Bias of Right Wing Media

4min

38.

The Unfairness of Libertarianism

3min

39.

The Politics of Polarization

6min

40.

The Counterintuitive Public Choice Theory

2min

41.

The Importance of Gridlock

3min

42.

The Effects of State Capacity on COVID

5min

43.

The History of State Incompetence and Polarization

3min

44.

The Politics of State Capacity

2min

45.

The Rise of State Capacity

5min

46.

The Importance of Polarization in Public Choice Theory

4min

47.

The Politics of Trade Panics

4min

48.

The Different Mix of Absolute and Relative Knowledge in Trading

4min

49.

The Importance of Timing in Trading

4min

50.

The Importance of Intuition Over Rationality

2min

51.

The Trade-Off Between Intuition and Rigorousness

5min

52.

The Importance of Intuition in Analysis

2min

53.

The Importance of Intuition in Decision Making

4min

54.

The Importance of Intuition

3min

55.

The Power of Intuition

2min

56.

The Importance of Chaos in the School System

3min

57.

The Importance of Documentation in the Economy

3min

Byne Hobart is the writer of The Diff. He is an exceptional writer on finance and a wide collection of other topics. We discuss anecdotes, organizational theory, OpenAI, democracy, boom-bust cycles, and crystallized knowledge, among other topics.

Find Byrne:

https://twitter.com/ByrneHobart

Mentioned on the show:

https://cactus.substack.com/p/chatgpt-is-lanley-not-spock-artificial

https://mlzeng.com/an-interesting-equation.html

https://www.amazon.ca/Zero-One-Notes-Startups-Future/dp/0804139296

https://www.amazon.ca/Untitled-Houghton-Mifflin-Harcourt/dp/0358250412

https://www.thebigquestions.com/2023/04/05/gpt-4-fails-economics/

https://www.amazon.com/Reckoning-David-Halberstam/dp/0688048382

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