20VC: AI Scaling Myths: More Compute is not the Answer | The Core Bottlenecks in AI Today: Data, Algorithms and Compute | The Future of Models: Open vs Closed, Small vs Large with Arvind Narayanan, Professor of Computer Science @ Princeton
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Technology Creates, Not Just Replaces, Jobs
Fears surrounding job replacement due to new technology are often exaggerated. Historical examples, like the rise of ATMs, illustrate that technological advancements can lead to an increase in job opportunities rather than a decrease. When ATMs were introduced, the number of bank tellers actually grew, as banks opened more branches that required human intervention for tasks that automated systems could not manage. Economically, jobs consist of various tasks, and while AI can automate certain tasks, it is unlikely to fully replace the entirety of any given job. Some professions, like translation and stock photography, have already seen significant changes due to AI, but the overall impact tends to promote job creation alongside automation.
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