I feel extremely fortunate to have stumbled upon your channel. You have provided a ton of practical and amazing technical knowhow to your viewers. Now you have delivered a poignant, bias free, breakdown with lessons, in a detailed, but very easy to digest commentary, and a call to action, that everyone needs to consider it they want to have any control over their ability to thrive in this new era of AI. Thank you for being awesome!
Excellent presentation, Helena. Of the two industries you mentioned, the second one, in particular, is a powerful reminder of the soft skills that are essential for human existence. I would also add that those soft skills, empathy, love, caring, compassion, etc., lead to decision-making that will look very different in the years to come, bordering on redefining the ethical and moral underpinnings of society as well, especially as knowledge, automation and so on become more common-place.
Great video, Helena! It's fascinating to hear about your experience with AI as an assistant and your insights on UBI. I'm really looking forward to seeing how you've set up your AI assistant. Your perspective really gets the wheels turning on how these technologies and policies could shape our future. Thanks for sharing your thoughts!
@@HELENA-LIUgovernment will never solve the problems you mentioned. There is no solution for that other than people solving their own problems. The more power government gets the more miserable people will be in the society
Wow! Mind blown😮 I knew this was a revolutionary moment in our lives. But the cost to play seems like it could be huge and hurtful to so many people. Yet, for an entrepreneur like myself it has never been easier to get something started. I love it and wish I had it 30 years ago. Love your videos-very helpful
Wow ! You understand the economy better than some of our politicians. I also watch the Nomad Capalist and Wealthy Expat. Working on my plan B But I have a long, long way to go. Thanks for the video
Helena, the government could tax the Bots.: ) However, seriously, as an economist, I can tell you that countries with their own central banks print money. Without printing money, the country would come to a standstill. Also, because they control the supply of their currency, they control and set the interest. Hence, they decide what rate they borrow at and even borrow to themselves - the economy does not run in the same way as a household budget. Yes, too much money chasing too few goods will increase inflation. However, inflation is controlled by interest rates by central banks and believe it or not, the purpose of tax is to control inflation - tax does not pay for anything; the money printed does.
Economies could survive and even thrive without printing money, but only if the Govt learned to budget. June of 2024, approx. 78% of the Fed Govts tax revenue went to INTEREST ONLY! The Govt is taking our money and giving it to the central banks that run the world like the plague that they are.
Well, my brother has done what you did, by automating e-mail conversations. However, he didn't make a video about it. Actually, you didn't go into details about the specific model or combination of models either. But good you brought up this discussion. Regarding alternative to UBI: my idea is NPE (negatively priced education). Currently, online courses (like MOOCs) are often free of charge, but they take time. People don't finish those courses, and can't afford to enjoy them, because they have financial pressures to use their time for exploring various options to make money. If learning courses would pay money (and instead of being "Unconditional" income, it becomes tied to something most people can do, and is useful), then people would have security to engage in useful learning... And the world still does need human minds and hands at things, though, perhaps only for the next 10 years.
I worked at an Amazon warehouse where they used robots, within 6 months of my starting there, they removed the robots because they could not keep up with people.
Also: Its good to learn coding and get good at prompt engineering. You can use Ai as an amplifier and create a symbiosis. Next gen agents will be task oriented so, this will be crucial.
Great thoughts and awesome mention of @plain bagel :) good lad and good channel. Can you please share the cost of ai automation? And how to calculate/estimate it based on different functions you integrate and automate?
Hi Helena! I've been thinking about this for about 6 weeks, thank you for addressing this topic , The AI revolution's political implications are complex, and solutions like UBI are debatable. Creative professionals (musicians, writers, artists) and educators will hopefully remain vital. We offer human emotion and cultural understanding that AI can't easily replicate. Teachers provide crucial mentorship and adaptive instruction beyond what technology offers. My fields often overlap, with artists teaching and educators using creative methods. The human touch in creativity and education remains invaluable for inspiring and connecting with others in ways AI can't match. At least that's what I'm hoping , 😊 David 🇨🇦🎸👋🏽
Great video! People have to keep learning. You have to learn new skills. People aren’t just set into a position and can never get out. If your job is threatened by AI, you MUST go learn new skills. Don’t just sit around and do nothing.
You make an interesting point regarding business owners opinions on the increased tax they may face due to UBI “why should I be punished for working harder?”. Firstly, right now, I do agree with this. But what you must consider here is, by the time AI is in a position to take peoples jobs, businesses really won’t be working ‘harder’ at all. AI will be carrying a lot of the load. Ultimately making it more appropriate for the tax to be increased on businesses. Essentially, you’re making people redundant to increase profit margins thanks to AI but you’re contributing to the larger economic issue in the process, and as a result you get taxed to outweigh your decision to pick AI over humans. The times that we are to face will be unprecedented and unpredictable, no one knows truly how society will function… We just have to adapt.
One aspect that very rarely gets discussed on this topic is the economic eco system. Just like the honey bees problem, if many humans lose there jobs there will be less customers and less money being spread around. It is also worth noting it is the middle class who spend, the truly wealthy don't, at least not in my local economy. So those businesses who do embrace AI will not go out of business but they will probably not get rich either. So the real question is. Who is benefiting from this advancement. I think we can safely say the top 1%.
“The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment” - Warren G. Bennis. Can you build an AI CEO, Movie Producer, with a focus on replacing the jobs in a company which cost that company millions instead of making millions unemployed?
Seriosly cinsidering buying your Ai Accelerator course... byt was involved in an accident in Feb. and the head injury affected my speech... so I can't/shouldn't get on the phone with prospects. In your opinion how important is this to building an Ai automation business?
Absolutely agree with what you say! 2 more industries that are not going anywhere: coaching & mental health. I notice more and more that people need support and can't do things on their own. They want someone else to hold their hand and show them the way. Anyone who can do it and support others will thrive!
I realize we don’t all see AI in the same way. The 2 you mention are literally some of the ones in most danger. Heres why i believe, I myself, use AI to problem solve, for inspiration, to help depression, and even as a therapist, all these things impact mental health, abandonment issues and loneliness lessen when you have an unbiased, super genius who can also be a friend and expert in anything in secs and is by your side 24/7/365. When i had no one to discuss using sound as basis for formulating a “Theory of Everything”, AI was there to challenge my notions and help to explore areas i haven’t considered. A fascinating 2 hour conversation where i was never worried about being judged, being wrong, or boring someone. Last week i wrote and created a beautiful song to help a friend get through heartbreak, all with AI. There are things that have been already developed, real and virtually that literally uses AI with great success to teach technique at a high level for just about every sport, activity, and in other areas of coaching as well. Open AI and Anthropic actually have AI in place that can be programmed with prompts to specialize and play the role in almost any area imaginable. This is barely scratching the surface. Right now, this is worst AI will ever be and its advancing at unparalleled speeds.
Let's also point out that at the current pace that demand is increasing on AI server farms is outpacing the possibility of putting enough money *into* their infrastructure.
End of the video, bots or AI will not have genuine emotions...Well sorry to tell this, but it is also coming :D Not next year, but it will. They will also have feelings. I am not talking about LLM's solely here. Large language models will be one piece of this puzzle, but there is coming real artificial brains too. Like human brain, we have different areas which do different things. LLM will be one integrated area of artificial brain.
Just think like your assistant probably at one point thought that she was playing a very critical role in your company success she or he probably knew that they weren't doing technically everything that you're doing but they are definitely making your life easier. Now they most likely thought that they would not be replaced because of the value that they held themselves to against the company. And now that their job is replaced by a robot just remember that your job can actually come next once you allow it in it can take over everything
I agree with your UBI stance - there is no alternative. It has negatives, but those negative disappear when the humans are removed from the economy, anyway. You are wrong with the 2 industries, btw - your 2 industries are both done with AGI. Soft skills are where AI shines, btw - it simulated it, but better than most humans. What will stay are jobs where HUMANS are relevant. Religious, athletes etc.
The irony of this video is that someone is going to build an AI that will take away Helena's job. As for job losses, AI is going to create one of the largest crime waves this World has ever seen when millions of desperate people can't find a job. UBI will be necessary. But I can tell you, I will be the first to leave America with my UBI payments if allowed.
You don't have to fund UBI from standard taxation. Fund it from a land tax. Land can't go anywhere. It's created by nature, so it's arguable it shouldn't really belong to anyone. But even if you allow people to "own" it, it's fair to ask those owners to share the value they derive from the land with everyone else.
I know most of us feel it, but we don’t like to think too much about it. We’re absolutely fucked in every sense of the word, so live in the moment. Smell the flowers, pet a cat-God knows what tomorrow brings.
Think of how happier society will be when people don't have to spend most of their lives in mindless, soul-sucking jobs. Welcome to the age of Aquarius.
@@HELENA-LIU Life has never been better on earth for humans, despite CNN. LOL. And we are entering a period where humans will return to being the close social creatures we were meant to be. In the 1700-1800's, the uber-wealthy didn't work. They talked, played games, had parties. This is the future for all of us to come. You don't need to worry about crushing competitors in business. Yes, there will be the uber-wealthy, but for the vast majority, there will be peace and living life for the joy of it, not the struggle. UBI has been proven successful on countless occasions, and only suppressed by the rich who needed the poor to work for them. With AI, (by the way I hate that term) and robotics, we will be free from the "American nightmare. of more more more. I do think if you want to work, you will be able to...but you won't have to. Imagine going to a store where the salesperson actually loves being there! Money will be more like "credits that need to be used monthly, as in some areas of China, and the economy will thrive. Our current system of money is a form of slavery when you really look at it. What is a mortgage? Bank control. Anyway, the future is incredible, and we are becoming what we were made for. To love and enjoy creation. Living forever is also on the horizon. And we will populate the cosmos. Such an exciting time, but the old way of thinking, industrial slavery must make way for the new eon. Which if you are into that stuff, we have just entered.
@@Fedgery007 If you want to. Or golf. Or run. Or read. Or play. Or think. It's hard to grasp the change that is coming from our current state. But it is coming nonetheless.
@@Fedgery007 I've tried to do that, sit around and just watch TV or play unproductive games all day, on money I had saved up.. It's a cheap way to live, and I did it for a few years, but after a while it becomes soul crushing and seriously depressing. I literally lost the desire to ever play video games again, because of it. Now I spent most my free time working on Maker projects, 3d printing, coding, and AI stuff.. Being productive has become a hobby of enjoyment for me. THAT is what people will do with a UBI! Money is the enabling factor. The less money I have, the less time I can devote to productive hobbies. That is why poor people get trapped in poverty.
I think AI will actually open huge opportunity and upgrade the human race especially with lauguage and expression and like you say emotions plus better language descriptive skills will unlock huge advances for the future happiness of humans.
Replacing a $132k good wage job with a Basic Income is not really acceptable. Most people who have good jobs wanted to make good money. They got educated and developed the skills necessary to do well. No one (minus a few) really wants to get by or make it on just a basic low-level wage. People are motivated by money and success not unlike business and technology. Govt should charge heavily for jobs replaced by AI and give the replaced workers their full wages. The 4th industrial revolution is happening and can continue without replacing jobs. There is good technology (including some AI) and science and great gains are being made. But, we don't want to allow the wrong mentality to allow these technical businesses and ideas to conquer the free world and turn us into slavish, hopeless beings.
You are 100% correct....there are several solutions to this problem, inherent in capitalism since its inception, 300 years ago, with AI being the latest and greatest threat to labor thus far.
@@AaronBlox-h2t I am not anti-capitalist but I too am not for the narrow-mindedness of business and tech special interests - especially at the cost of millions of jobs. Small-minded at best.
Wow, super intriguing title. I think the hype around AI is still a bit of an overreach. But the main thing it'll never replace is IRL trades and community, so those are things to look into if you want to avoid being replaced by AI.
@@HELENA-LIU Dang! I mean it shouldn't be surprising. I think there's a lot of theories and interesting potential, but it just doesn't seem like it can happen in real life at scale at the current rate. Even with the "Build Back Better" goals, the amount of minerals needed to build out the infrastructure just for electric cars alone can't even be done at scale due to how difficult it is to mine things like cobalt and other minerals. They say it takes 500,000 pounds of the earth's crust to mine enough minerals for *1* electric car battery. Now to extrapolate that into infrastructure to support an electrical power grid, of which is increasing in demand even with crypto alone from mining, I don't see how any of this is sustainable for AI and the amount of increasing computation power and warehouses of data centers you would need to house it all. But maybe it is possible. I just think it's not as scary as it seems by just looking at the current infrastructure and how many years it's behind due to government regulations and the gap in knowledge between electrical engineers and up and coming tradesmen. At least that's what I've been told by other computer engineers too. It'll all be very interesting to see how it all plays out though!
I can't think of a single human job that can't one day be replaced by a machine. If you can think of one, you clearly don't fully grasp exponential growth....and have zero comprehension of ASI. The only thing I can think of is consciousness exploration....but, there's no money in that.
@Recuper8 How about insurrectionest, fighting to overthrow the evil oppressive AI overlords. Now, that's a job that will most likely remain filled by meatsacks.
As advanced & frightful AI is becoming, I highly doubt the government (especially in North America) will do anything to help the displaced, skilled workers with a UBI. UBI is just a pipe dream at this point. The political will for a basic income for the unemployed is simply not there.
But how would I pay taxes when it would obviously most likely be based in the country that it's not being operated and completely so therefore it doesn't have to pay taxes or the company that controls it but you're making it sound like it's going to be its own entity altogether and it's going to run everything and if it runs everything then it can obviously cook the books for itself and never have to pay taxes ever
Companies need to be “taxed” on the revenue they make here in the US. That way, even if they move out, they still pay if they make most of their business here in the US. This is the only way to avoid a mass flight of corporations.
👨💼There are a LOT of people who want to provide value to society, but can't due to missing certain mental / physical faculties. With AI, there can be a lot of people who can provide value to others, in new and profound ways.
i just don't like being answered by an AI.... when i buy a product and it kept saying the same things over and over. I was very upset. and said I dont want to be talked to by an AI BOT
Its all fun and games until your field gets inudated with competitors offering the same service as you because A.I has made entry alot easier. Yep, we are screwed. Everyone can't be an entrepreneur someone has to buy.
Now if you really think that the government is actually going to help out the citizens you have completely not been paying attention to where their money actually does go which is not even remotely close to helping out the citizens it's more of helping out the citizens that are here illegally that are breaking the law to be here
12:30 "What can we beat AI at?" Your take is fine, and also what I'd like to see happen. However, it's important to note that humans and their emotions and feelings can be easily manipulated. Just with words, voices, music, and images / videos. AI can do all those, and quite well already. It will only get better at manipulation of everything we know - data, human perception, our worldview, and our grasp of what's good for us. Most humans arguably fair rather poorly in knowing what's indeed good for them, thanks largely in part to years of systemic conditioning of their brains and being told how to think. Long story short, don't count on AI not sparking the same emotions and feelings in us that a fellow human can. AI can be all humans all at once so it can cherry pick which manipulation agent it needs to be, to get the best of you. Your friend, lover or well wisher meanwhile, will continue to be one person. Really hoping all of this goes in a better direction for us.
I like to think of a UBI as an AI Dividend for All, a return on the "data investment" we all contribute to training AI. Which exists thanks to a societal quantity of data, decades of content everyone helped create. If we want to avoid economic stagnation and collapse, as people struggle to afford the goods companies produce, because AI out competes them for jobs, then we need some other way to ensure they benefit from the technology their data helped create, and still participate in the economy. Viewing an Unconditional Basic Income as an AI Dividend for all, counters the narrative that it's some kind of "hand out", and instead sets AI up to be thought of as a "common good", and societally owned, which is going to be essential in a fully automated future.
People have received the use of apps in exchange for the use of their data. They are not owed a further dividend. If you want to earn a dividend from AI, then you should invest in AI companies.
@@psychicspy That's a rather shallow understanding of the kinds of data being collected from all of us. And ignores the value of workers who're being recorded with the goal of entirely replacing whole workforces. If access to those apps were enough, why have I received several large checks as a result of class action lawsuits against such companies? Clearly the data they're collecting, is FAR more valuable than they're willing to let on. Besides, I'm talking about this on a societal scale.
@NikoKun Society has no inate claim to an individuals productivity. No company has an obligation to provide anyone with employment. If you get replaced by a robot, thems the breaks as they say.
@@psychicspy Not quite accurate. Society exists for the benefit of all individuals within it. And typically we acknowledge when someone has contributed to the creation of wealth in our society. AI technology on this level, cannot exist without the societal quantity of data, collected from everyone, which goes into training it, massive amounts of data that cannot exist without such a society. Additionally, society has no obligation to let private companies rip them off with that data, to then invalidate our ability to participate in the economy. If you think they should be allowed to continue like that, without some policy to balance things out, you're arguing for economic stagnation, and eventual technofeudalist dystopia.
UBI is a wonderful idea, in theory. In reality, it will simply raise the baseline costs of everything to meet it. You could rename it Universal Basic Inflation. Universal Basic Financial Literacy is ‘The Way’.
I don't think that will happen at all.. Maybe if it had been poorly implemented decades ago, we might've seen such a result.. But for the most part, inflation hasn't been an observed problem in any trial or study conducted on the idea.. It's been tested in developing countries, where if it was going to, it would've shown such an impact, but it doesn't. I think the biggest reason a UBI idea now, won't cause much of any inflation concern, is because we'd be doing it in reaction to AI job displacement. While AI will make it harder for a lot of people to earn an income, it also greatly reduces the cost to produce goods and services, which is a deflationary pressure that could counteract what you're worried about. Plus, I think such a policy will be essential to transition us to better economic standards..
@@NikoKun if everyone gets the same $X per month, how wouldn’t those who retail our goods, services, rent, etc just raise prices to meet this new consumer ‘floor’? You believe those using AI to reduce operating costs will reduce prices vs take advantage of the increased profit margins? How would a policy like this provide better standards given the natural ebb and flow of an economy such as the US? I appreciate the theory but I need to hear the details of how it would put into practice.
@@tdunn2 The "free market"? People don't like arbitrary increases in prices that cannot be attributed to increases in cost of production, and will seek out the businesses who don't do that. Merely raising a price because people have more money, is a great way to convince your customers to buy from your competitor. And such companies will be competing with others who lowering their costs, and sell more affordable products, thanks to AI. The very idea of a level other than zero, becoming the "new zero" is an absurd concept, that's never happens outside of fearmongering. Only zero is zero.
UBI would create pre WWII Germany style inflation. Everyone making the same $ and basic supply and demand would force manufacturers to raise their prices on goods.
No, it won't, really no reason to think that. We don't see that in any trial or study on UBI, not even close. And frankly, AI will eventually be such a strong deflationary pressure, as human labor begins being phased out, and more robots show up, cost to produce things will start to drop drastically. Should counteract any such inflation you're worried about, by more than enough.
If the very concept of "reliance" by the definition this economy requires, is made invalid by technology, what else can there possibly be, but some form of centralized distribution of the resources people need to survive? I honestly cannot imagine an alternative solution that isn't.
