Part 6/10:
The economic landscape, as Altman points out, is poised for dramatic transformation due to advancements in AI technology. He raises a significant observation regarding how the costs of developing AI capabilities are expected to decrease over time, potentially by a factor of ten each year. This economic principle indicates that the more affordable AI becomes, the greater its usage will be.
Furthermore, Altman discusses a paradox of economics: the cheaper it becomes to use AI, the more demand could increase. This cycle suggests that, as AI resources become more efficient, they may paradoxically lead to increased consumption rather than a decrease, impacting the markets for AI-related technologies drastically.