00:00 Speaker a
I've written a lot of books on digital transformation.
00:01 Speaker b
right.
00:01 Speaker a
And, as we know, in each era of change, and you went through that because you saw The Markets revolutionized, right? And I think about the transaction now being an algorithm, right? It used to be
00:11 Speaker b
yeah yeah. It used to be paper. Trust me, I was one of those people.
00:13 Speaker a
Yes, you were there.
00:14 Speaker b
See, I'm a boomer so I was one of those guys.
00:15 Speaker a
Hey boomer. Well, you know that things like this are changing very quickly. Now, in every revolution of the past, it was about more work. And you went through the industrial revolution, you went through the printing press, you went through radio, television, social, mobile, all these things, more jobs were created.
00:29 Speaker a
But I'm more careful this time. And the reason I'm more cautious is what I said in the intro to the show's introduction. It's about these agents and this technology and how much it can be. I have never seen both white and blue-collar tasks come in person quickly and directly at the same time.
00:41 Speaker b
Yeah. yeah yeah.
00:45 Speaker b
right. And I think that's a concern for a lot of people, right? They don't necessarily know, so you know, it's following blue-collar work. It's kind of what it's always going on. But now I'm coming after white-collar work. And like that, and the whole spectrum. It could be legal, it could be an analysis, it could be a huge number.
00:54 Speaker a
Yes, but you've been thinking of it like a gig economy for the last five, ten years. This is a really interesting thing I've been thinking about a lot. The gig economy created jobs that provide food and deliver people. Well, you know, that's amazing. But now, Robotaxis is a Tesla building.
01:06 Speaker b
right.
01:07 Speaker a
And I'm in Austin. They're driving my town now, Waymo. This is a great technology, and by the way, it's more reliable than humans.
01:12 Speaker b
Yes, but do you enter Waymo?
01:13 Speaker a
absolutely.
01:14 Speaker b
you?
01:14 Speaker a
absolutely. Don't think about it again. Look, Waymo is far better than the average Uber driver. That's a data-driven fact. I'm a data-driven guy.
01:21 Speaker b
right.
01:22 Speaker a
But the bottom line is that Doordash is delivered to you by a drone or by A, or by Optimus Robot or
01:28 Speaker b
no. no.
01:29 Speaker a
Yes, we don't. But the question is, consider the number of people who created the gig during the gig economy. Well, they can't make enough money in their first job and now they drive Ubers. What happens when everything is replaced? This is just an example of potential exchanges, confusion, and displacement.
01:41 Speaker b
confusion.
01:43 Speaker a
So, overall, what we're looking at is that time is the biggest problem here. What I fundamentally believe is that as a techno optimist, what I do is fundamentally believe that the AI revolution will create a boom. Kenny is thinking about $30 trillion in economic growth.
01:51 Speaker b
right. yeah yeah.
01:52 Speaker a
But historically, transformation has been years, perhaps five or more decades. This is happening very quickly.
01:56 Speaker b
right. Yeah.
