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The podcast explores the enigmatic nature of venture firms and successful venture capitalists. It discusses how venture capital is both an art and a science, and highlights the importance of enduring and generation-defining firms. The upcoming season of the podcast will feature conversations with industry leaders such as Ben Horowitz and Alfred Lin.
The podcast episode delves into the concept of institutions and the need for external energy input to keep them effective. Drawing comparisons to historical examples like FDR and the changing technological reality of the industrial revolution, it highlights the importance of adaptability and the ability to transition from one equilibrium to another. The discussion emphasizes the impact of external forces on institutions and the challenges in overcoming local maxima or minima.
The podcast episode explores the potential societal disruption that can arise from the accelerated pace of AI and technological advancements. It contemplates the future of regulation in a transformative AI era and questions the relevance and adaptability of current regulatory frameworks. It draws parallels to historical technological shifts like the printing press and discusses the potential for AI to bring instability and disruption to various sectors of the economy.
AI has the potential to both decentralize and centralize power and access. While blockchain technology can be quite authoritarian and centralizing, AI can empower individuals by providing access and power that doesn't rely on large organizations. For example, AI-powered systems may soon allow personalized and adaptive tutoring, revolutionizing education by enabling parents to provide high-quality homeschooling. However, the wrong or centralizing hands could use AI for centralized advertising. Overall, AI's impact on centralization and decentralization is intricate and multifaceted.
Mormonism, emerging from the Industrial Revolution, has shown institutional resilience and adaptability. It combines aspects of Protestantism, temperance, and pro-growth ideologies with a hierarchical yet decentralized priesthood structure. The Mormon Church has become one of the fastest-growing and stable religions, surviving societal transformations. Additionally, Mormonism's materialistic and forward-thinking nature, including beliefs about technological progress and even transhumanism, has allowed it to navigate societal changes. The LDS Church's structure and its emphasis on self-reliance, exemplified by extensive food storage systems, have contributed to its resilience. In contrast, mainline churches and other religious institutions have faced challenges in adapting to technological and social changes.
Samuel Hammond is a Canadian-born, DC-based senior economist for the Foundation for American Innovation, a think tank focused on bridging the cultures of Silicon Valley and DC. His research focuses on innovation and the institutional impact of disruptive technologies. He is an unconventional thinker and writer (Substack: https://www.secondbest.ca/) who participates in nuanced dialogue with different thinkers across economics, tech, policy, and philosophy. In this conversation we discuss Sam’s views on AI, mental models for his worldview, polarization, and how political influence really works. We're proudly sponsored by Vanta. Get $1000 off Vanta with https://www.vanta.com/zen
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RECOMMENDED PODCAST:
Every week investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Subscribe to “The Riff” with Byrne Hobart and Erik Torenberg: https://link.chtbl.com/theriff
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LINKS:
thefai.org
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X/ TWITTER:
@hamandcheese
@joinfai
@eriktorenberg (Erik)
@upstream__pod
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TIMESTAMPS
(01:00) Episode Preview
(03:00) How Sam characterizes his worldview
(07:25) The great founder theory
(11:47) Between AI safety concerns and e/acc beliefs, here does Samuel fall on AI?
(15:24) What would Sam say to libertarians?
(16:00) Sponsor: NetSuite
(18:11) What can we learn from Mormonism about AI risks and regulations
?(21:19) AI is leveling the playing field
(25:00) Instead of libertarian, AI is communitarian
(27:10) Lessons of Mormonism for adapting to technological revolutions
(30:00) Do right or left beliefs qualify as a religion, with their own institutions?
(40:57) Humanism, grey goo, and why waste is good
(44:40) Mental model for government dysfunction
(48:09) The think tank ecosystem and how influence really works in DC?
(50:53) Samuel’s interesting disagreements with: Balaji Srinivasan, Robin Hanson, Tyler Cowen, Bryan Caplan
(52:27) What’s the best argument for pluralism?
(52:48) Ezra Klein and Chris Caldwell actually make the same argument about polarization
This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.
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Listen to the best highlights from the podcasts you love and dive into the full episode