Why The AI Revolution Is The Greatest Opportunity In Human History | Zack Kass

Zach, there are people watching this interview today, right now, who will never be able to afford a lawyer, a doctor, or a great teacher.

AI has the ability to change all of these things.

Paint us a picture of how this tech is about to change the average household.

Let's back up a little and reframe the question because when you say many people will never be able to afford a lawyer, a doctor, a great teacher, a house, right? Housing has become prohibitively expensive.

I actually don't think that's true forever.

And one of the reasons I don't think that's true is there are parts of the world where this is becoming decreasingly true.

And one of those places is China.

Yes.

And China has done something pretty remarkable, which is it has observed a world where it can diffuse the value of technology to the benefit of the average person through central planning.

Now, central planning has all sorts of consequences, some bad, some good.

But one of them is that the party can basically mandate how technology gets deployed.

And the real interesting thing about this moment is is that we sort of are living in a world of a tale of two cities.

In some parts of the world, we observe that technology has not actually been able to deflate the cost of housing, healthcare, education, legal services.

And the reason for that, it turns out, is not a technological failure, it's a policy failure.

All of the things in your office were prohibitively expensive to you 20 years ago.

That microphone, the lighting systems, the computers on which we operate.

Yeah.

And we observed that most things in our life have actually become exceptionally cheap.

Food, you know, we will eat food that our grandparents had never even heard of.

We will travel to places that our parents couldn't have dreamed of.

And yet, despite all of that deflation across what feels like discretionary spending, the pillars of a great society, housing, healthcare, and education have become more expensive, about 300 to 400% more expensive in the developed world over the last 25 years.

And then the question is actually why? And the answer rests in a policy failure, not a technology one.

And there are a lot of reasons for this that I can go into, and I won't go on my political diatribe right now, but the kids have figured out that they can drive across Los Angeles for $15 in an autonomous vehicle, but a trip five blocks away in an ambulance might actually bankrupt them.

They figured out they can study Khan Academy for $2,000 a year, but the same classes down the road at a college, at a private college, will actually put them into crippling debt for the next years.

We have a moment in time right now to right the wrongs because for the last 30 years, we have actually disrupted what became a very proud tradition for the prior 700.