💰 AI and Wealth Inequality ⋆ AI of the week ⋆ Innovate, Don't Immitate
A hot take on AI and wealth. Featured AI events and tools of the week. Who buys the most GPUs? Innovation and imitation
Today in 3-in-3 🤓:
Thing 1 - AI and Wealth Inequality
Thing 2 - AI of the week
Thing 3 - Innovate, Don't Imitate
Enjoy!
Thing 1 - AI and Wealth Inequality
HOT TAKE: People who refuse to use AI because of concerns it will contribute to widening the economic gap might be actively contributing to making their concerns a reality.
Ok, I'll explain.
It seems highly likely that AI will facilitate another wealth transfer.
You create value by giving society what it wants. If you do it at scale and capture a small percentage of it, you get wealthy.
Money is how you transfer wealth.
AI can elevate most of your skills to (above) average level. It can help you do things faster and create more. This means that you can create more value for the society by using it.
Computers are just robots living in the "cloud", and we'll get real autonomous robots in a few years too. This means that you can use them to scale your output once you find your unique way of offering value to society.
Many people who do this will also capture some portion of the value they create and become wealthy. Regardless of whether they started wealthy or not. AI will be the leverage for their judgment.
Those who avoid AI for fears of inequality it might create WILL fall behind in the value they are able to create, AND in what they capture. Thus creating the inequality they were afraid of.
Their belief will become their self-fulfilling prophecy.
Thing 2 - AI of the week
- Mastercard rolled out a new AI tool Shopping Muse - meant to inspire and advise shoppers
- OpenAI signed a $51M deal for "neuromorphic" AI chips from a startup Rain AI
- Alibaba's Animate Anyone: Consistent and Controllable Image-to-Video Synthesis for Character Animation
- Meta introduced SeamlessExpressive - an AI translation model that preserves vocal style, tone, and expression for speech translation.
- Stable Audio upgraded new features for more controllable music generation.
- DeepMind's new AI tool helped create more than 700 new materials
Who buys the most GPUs?
(h/t Kai Lou)
Thing 3 - Innovate, Don't Imitate
Most people do whatever most people they hang out with do. This mimetic behavior is usually a mistake—if you’re doing the same thing everyone else is doing, you will not be hard to compete with.
- Sam Altman
Innovation thrives when you think on your own. To stand out, embrace unique ideas, and dare to take risks others might avoid.
'Till next week!
Cheers, Zvonimir