#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