Sometimes I read articles like this and wonder if I'm going insane. The CEO of one of the biggest companies in the world, who is perhaps as much as anyone responsible for the current AI buildout, fundamentally misunderstands what he's building.
"Importantly, human capital does not become less valuable as token capital grows"
No. This is obviously only a temporary state of affairs. Centaur chess did not last forever. There was a brief period of time in which human judgment complemented AI's advantages in brute-force search. Then AI became better at that subjective judgment and humans became liabilities in all aspects of chess.
We are already in the centaur phase for general economic activity right now. AI is already writing almost all the code. It's doing a bunch of the back end research and analysis for lawyers and doctors and biologists.
This is a brief, transitory period. If you're thinking about "the future of the firm in an AI-driven economy" and imagining humans using AI tools, you're not really thinking about the future. You're thinking about the next 12-18 months.
Every time I read another article like this it reinforces the same conclusions: the people pushing hardest to create AGI fundamentally misunderstand the future they're creating.
Satya clearly SEES the risks, but just basically just says "let's not do this", as if unilateral disarmament is an option in the international arms race he's helping to fuel. As if we can just CHOOSE not to hollow out every company in the world. As if every frontier lab in the world didn't spend the last five years hoovering up copyrighted material to train frontier models on, against the protestations of the artists and writers whose economic value they were cannibalizing.
It won't be so easy to put this genie back in the bottle.