DM Debates, AI, and Tech Downturns with Adam Nash, CEO of Daffy

Published: Sept. 12, 2023, 3:06 p.m.

b"Noah Smith and Erik Torenberg are joined by Adam Nash to discuss the economic implications of AI, the recent tech downturn, and why the venture model has been so successful across multiple tech booms. Daffy is offering Econ 102 listeners, a free $25 for the charity of their choice when they join Daffy.\\xa0https://www.daffy.org/econ102\\xa0\\n\\nWe're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.\\n--\\nSponsors: GIVEWELL | DAFFY | NETSUITE\\xa0\\nHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they\\u2019ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you\\u2019ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to givewell.org and pick \\u201cPodcast\\u201d and enter Econ 102 at checkout.\\xa0\\n\\nDaffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don\\u2019t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It\\u2019s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102\\xa0\\n\\nNetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you\\u2019re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.\\n--\\nEcon 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co\\n--\\nTIMESTAMPS:\\n(00:00) Episode Preview\\n(02:00) Why AI may stop nerds from ruling the world\\n(06:25) Are \\u201cSkilled\\u201d and \\u201cUnskilled\\u201d the correct labels in this debate?\\n(10:00) Who benefits from a growth mindset?\\n(13:00) Coding example\\n(14:25) Highly skilled tech workers get a boost\\n(17:20) Substitutability versus overall boost\\n(20:55) Sponsor: NetSuite\\n(23:45) AI as a productivity tool\\n(25:30) AI ethics and safety\\n(28:50) Adam Nash\\u2019s journey into fintech\\n(30:55) How Americans think about giving\\n(33:30) Macro: What does the current Tech downturn mean?\\n(35:00) People looking for a quick snapback and boom will be disappointed\\n(37:00) How will AI revolutionize distribution?\\n(39:50) Smartphones and depression\\n(43:45) Why the VC model has been so successful across multiple technology booms."