Part 3/5:
This AI revolution will create phenomenal wealth, as the price of many types of labor that drive the cost of goods and services will fall towards zero once powerful AI joins the workforce. However, Altman cautions that the world will change so rapidly and drastically that an equally drastic change in policy will be needed to distribute this wealth and enable more people to pursue the lives they want.
If we get both the technological and policy changes right, Altman believes we can improve the standard of living for more people than ever before. However, he emphasizes that we are at the beginning of this "tectonic shift," and we have a rare opportunity to pivot towards the future. Policy plans that don't account for this imminent transformation are doomed to fail.