The discussion focused on the rapid acceleration of artificial intelligence adoption and its impact on productivity, finance, and society. Sam Altman illustrated AI's evolution from a futuristic concept to a crucial element in numerous fields, emphasizing dramatic productivity increases among professionals. AI has drastically reduced the cost of intelligence, enhancing its utility across sectors. Altman drew parallels between AI's transformative potential and the invention of the transistor, suggesting a paradigm shift in operational processes and regulatory practices in banking and beyond.
Only five years ago, AI was still thought of as something that was in the distant future. Since then, AI has leaped from niche to necessity, with new models achieving 'gold-level performance'.
We're now hearing from scientists saying they're two, three times more productive. We're hearing from computer programmers that say they're 10 times more productive. That's completely changed what it means to write software.
It does in fact look like we're about to deliver on 'intelligence too cheap to meter.' We've been able to drive down the cost of each unit of intelligence by more than a factor of 10 each year for the last five years.
Altman compared AI's societal impact to the invention of the transistor: 'The value sort of gets unleashed elsewhere, and it scales.'
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