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Categories: More Relevant (Other Business)Tags: AGI, AI, artificial-intelligence, Best, Business, Career, Economics, Philosophy, Robotics, science, Space, technology
Economics is only about who owns what and how those assets are used. Even abundant EAGI (embodied artificial general intelligence) won’t change that. Control assets, apply efficiency, hope for luck; that equation doesn’t change.Active income = renting the only asset you can’t store, your time. Engineers, landlords, founders all do it. Passive income just substitutes someone else’s time (or eventually, an EAGI’s).We’re nowhere near AGI (artificial general intelligence) yet, but imagine EAGIs (robots controlled by AGI) becoming as abundant as smartphones.When EAGIs outperform humans at everything, the key question is who owns them. Own even one EAGI unit, and you…
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Categories: More Relevant (Other Business)Tags: AGI, AI, artificial-intelligence, Business, Career, Economics, Philosophy, Robotics, science, Space, technology
Here’s the link to the condensed version of this post. It’s about ownership. Even abundant EAGI (embodied artificial general intelligence) could never change that.Regardless of what happens with AI in the coming decades, it will still only be about ownership, as it always has been and always will be.The only goal in business is getting the most ROI from the resources you own. Efficiency (and luck) are the only ways someone might outperform another person.Economics is only about who owns what and how people/entities use what they own.Active income (whether as an employee or an entrepreneur) is just trading ownership…
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