#141 – Erik Brynjolfsson: Economics of AI, Social Networks, and Technology

Erik Brynjolfsson is an economist at Stanford. Please support this podcast by checking out our sponsors: - Vincero: https://vincerowatches.com/lex to get up to 25% off + free shipping - Four Sigmatic: https://foursigmatic.com/lex and use code LexPod to get up to 60% off - ExpressVPN: https://expressvpn.com/lexpod and use code LexPod to get 3 months free - Cash App: https://cash.app/ and use code LexPodcast to get $10 EPISODE LINKS: Erik's Twitter: https://twitter.com/erikbryn Erik's Website: https://www.brynjolfsson.com/ The Second Machine Age (book): https://amzn.to/33f1Pk2 Machine, Platform, Crowd (book): https://amzn.to/3miJZ76 PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ YouTube Full Episodes: https://youtube.com/lexfridman YouTube Clips: https://youtube.com/lexclips SUPPORT & CONNECT: - Check out the sponsors above, it's the best way to support this podcast - Support on Patreon: https://www.patreon.com/lexfridman - Twitter: https://twitter.com/lexfridman - Instagram: https://www.instagram.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/LexFridmanPage - Medium: https://medium.com/@lexfridman OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (00:00) - Introduction (08:23) - Exponential growth (12:51) - Elon Musk exponential thinking (15:08) - Moore's law is a series of revolutions (20:31) - GPT-3 (22:09) - Autonomous vehicles (29:11) - Electricity (33:40) - Productivity (38:47) - Why is Twitter and Facebook free? (49:03) - Dismantling the nature of truth (52:24) - Nutpicking and Cancel Culture (58:39) - How will AI change our world (1:04:40) - Existential threats (1:06:33) - AI and the nature of work (1:12:39) - Thoughts on Andrew Yang and UBI (1:18:30) - Economics of innovation (1:24:37) - Effect of COVID on the economy (1:33:50) - MIT and Stanford (1:38:23) - Book recommendations (1:41:28) - Meaning of life