The part to get excited about is that there's plenty of headroom left to gain in performance. They called o1 a preview, and it was, a preview for QwQ and similar models. We get the demo from OAI and then get the real thing for free next year.
Probably less disruption than will happen in 1st world countries.
> No one will have chance to be rich anymore
It's strange to reach this conclusion from "look, a massive new productivity increase".
I read “no one will have a chance to be rich anymore” as a statement about economic mobility. Despite steep declines in mobility over the last 50 years, it was still theoretically possible for a poor child (say bottom 20% wealth) to climb several quintiles. Our industry (SWE) was one of the best examples. Of course there have been practical barriers (poor kids go to worse schools, and it’s hard to get into college if you can’t read) but the path was there.
If robots replace a lot of people, that path narrows. If AGI replaces all people, the path no longer exists.
car : horse :: AGI : humans
Do you work at one of the frontier labs?
As for the wealth disparity between rich and poor countries, it’s hard to know how politics will handle this one, but it’s unlikely that poor countries won’t also be drastically richer as the cost of basic living drops to basically zero. Imagine the cost of food, energy, etc in an ASI world. Today’s luxuries will surely be considered human rights necessities in the near future.
Those entities are the worlds governments regardless how things play out. People just worry they will be hostile or indifferent to humans, since that would be bad news for humans. Pet, cattle or pest, our future will be as one of those.
What law would effectively reduce risk from AGI? The EU passed a law that is entirely about reducing AI risk and people in the technology world almost universally considered it a bad law. Why would other countries do better? How could they do better?
Besides regulating the technology, they could try to protect people and society from the effects of the technology. UBI for example could be an attempt to protect people from the effects of mass unemployment, as i understood it.
Actually i'm afraid even more fundamental shifts are necessary.