20VC: AI Scaling Myths: More Compute is not the Answer | The Core Bottlenecks in AI Today: Data, Algorithms and Compute | The Future of Models: Open vs Closed, Small vs Large with Arvind Narayanan, Professor of Computer Science @ Princeton

2417.256 - 2438.762 Arvind Narayanan

I think for now, they are very much overblown. My favorite example of the thing you said of technology creating jobs is bank tellers. When ATMs became a thing, it would have been reasonable to assume that bank tellers were just going to go away. But in fact, the number of tellers increased. And the reason for that is that it became much cheaper for banks to open regional branches.