The Explosive Age We Are Entering: How This Is Societal Changing
Many are saying that 2024 is the year of AI. Whether that is the case or not really doesn't matter. We should not limit the discussion to a single year.
In this video I discuss the different eras that saw massive economic expansion due to technological breakthoughs that completely altered how society operated.
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Given the rate of acceleration in the field of AI... 2024 may well become the year of AGI.
I do not want too get too excited for the arrival of Artificial General Intelligence but I would not omit the possibility out of hand at this point either.
I see phones with e-ID, digital identifications are the new thing these days...Thanks for this video!
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That was a nice run through of technological history. I agree that AI and current technology are ushering in a new age, and at a lightning pace. In the ideal scenario, current AI are able to summarize a lot of different documents and give it to the user. It is able to process millions of data and put it to use, similar to how AI are able to pass Business, Law, and Medical exams. At its best, Generative AI can put out code in seconds, that would have taken humans hours or days. They are only limited by how much data they are able to learn from.
AI has come to stay and dominate. Even beyond 2024, AI will virtually do most everything for man
Summary:
In this video, the speaker discusses historical periods of explosive economic growth and societal change, pointing out the impact of key individuals and technologies in shaping these eras. He emphasizes that society is on the brink of a new era defined by technological advancements like blockchain, cryptocurrency, artificial intelligence, and space exploration. The speaker highlights that as technology evolves, it creates wealth and abundance while changing traditional economic metrics. He predicts significant changes in the next two decades, pointing out that technology drives deflation but also spawns new opportunities for wealth creation across different sectors.
Detailed Article:
The speaker in this video analyzes key historical eras of explosive economic growth and societal transformation, beginning with the Gilded Age, characterized by industrial advancements spearheaded by industry titans like J.P. Morgan, Carnegie, Vanderbilt, and Rockefeller. He notes that these individuals, often termed as robber barons, significantly altered society through innovations in steel, oil, and the mass production of automobiles during the mid-1800s to the early 1900s. This era laid the foundation for modern economic structures.
Moving on, the speaker mentions the post-World War II period marked by the electronic age, highlighted by the rise of television, broadcasting, Hollywood, air travel, and the space race. While this era also generated wealth, he suggests that it did not have the same economic impact as the Gilded Age but was instrumental in spreading wealth among a broader demographic.
Transitioning to the compute internet age, the speaker points out the pivotal role of technology giants like Bill Gates, Steve Jobs, Larry Ellison, and the founders of Google and Facebook in shaping contemporary society. He stresses the significance of technological advancements, particularly in areas such as blockchain, cryptocurrency, artificial intelligence, quantum computing, 3D printing, and robotics, predicting a surge in wealth creation and societal transformations in the coming years.
Furthermore, the speaker critiques traditional economic metrics like GDP, emphasizing the inadequacy of such measurements in capturing the true impact of technology-driven changes. He uses the example of the music industry's evolution from physical sales to digital streaming platforms like Pandora and Spotify to highlight the shortcomings of conventional economic assessments in a digitally-driven world.
Moreover, he delves into the concept of abundance, noting that technological progress is deflationary but concurrently creates immense wealth and opportunities for individuals across various sectors. He underscores the transformative potential of emerging technologies like blockchain, cryptocurrency, and virtual reality in reshaping wealth generation and societal norms. The speaker concludes by highlighting the exponential pace of technological advancement and its role in fostering prosperity and abundance in the future.
In essence, the speaker's discourse illuminates the profound impact of technology on economic growth, wealth creation, and societal paradigms, underscoring the need to adapt traditional frameworks to accurately reflect the changing landscape of innovation and abundance.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.