The Machines Are Taking Our Jobs - Thank God? Emad Mostaque’s Guide to the next 1000 Days
Today, Emad Mostaque, founder of Intelligent Internet, joins The Cognitive Revolution to discuss his book "The Last Economy" and his radical "intelligence theory" framework for reimagining economics in the AI age, exploring concepts like the abundance trap, metabolic rift, and his proposed cryptocurrency-funded system of collectively-owned AI infrastructure to prevent digital feudalism and ensure AI benefits humanity rather than just capital owners.
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Emad Mostaque on the Intelligent Internet and Universal Basic AI
In this episode of The Cognitive Revolution, Nathan interviews Emad Mostaque, former Founder and CEO of Stability AI and Founder of The Intelligent Internet. We explore humanity's future with AI, from the stark 50-50 survival odds to Emad's optimistic vision for universal basic intelligence. Join us for a fascinating discussion about open-source AI infrastructure, the three-tier system of the Intelligent Internet, and how blockchain technology might help fund global public goods in AI development.
Check out Emad's publications on:
Emad's Twitter: https://x.com/emostaque
Emad's Blog: https://emad.posthaven.com/
Intelligent Internet Substack: https://intelligentinternet.substack.com/p/ii-intelligent-internet-primer?r=47215t&utm_campaign=post&utm_medium=web&triedRedirect=true
The Cognitive Revolution Ask Me Anything and Listener Survey: https://docs.google.com/forms/d/1aYv2XLID7RqGxj2_Y4_6x9mo_aqXcGCeLw1EQhy4IpY/edit
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CHAPTERS:
(00:00:00) Teaser
(00:00:36) About the Episode
(00:04:33) Intro
(00:09:15) AI Risk
(00:16:58) Sponsors: GiveWell | SelectQuote
(00:19:48) AI Goals
(00:23:52) AI Divergence
(00:27:50) AI & Agency
(00:32:18) Sponsors: Oracle Cloud Infrastructure (OCI) | 80,000 Hours
(00:34:57) Kids & AI
(00:39:50) Intelligent Internet
(00:48:37) Open vs. Closed AI
(00:53:30) AI Runaway
(01:01:46) Building the Future
(01:05:43) Energy & AI
(01:15:19) Hypernodes
(01:27:36) Proof of Beneficial Compute
(01:38:28) Distributed Compute
(01:45:10) Intelligent Internet Company
(01:48:37) Finding Talent
(01:55:33) Pause Letter
(01:59:50) Regulation
(02:04:04) Speed Limits
(02:06:42) Data Filtering
(02:10:54) Outro
SOCIAL LINKS:
Website: https://www.cognitiverevolution.ai
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AI Power Wars | Emad Mostaque
Today on the show, we have the founder of Stability AI, Emad Mostaque.
Emad recently left his company citing “You can’t beat centralized AI with more centralized AI” and decided to venture into the frontier of decentralized AI.
We touch on the economical consequences of AI, why it needs to be open-source and distributed and the role of Crypto in decentralizing AI.
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------ TIMESTAMPS
0:00 Intro 5:26 Navigating AI & Web3 10:52 AI Governance 18:03 Decentralizing AI 26:54 Balancing Coordination 33:52 Decentralized AI Infrastructure 40:10 Emad’s Projects 48:40 Decentralization Trade-Offs 58:53 Governance Structure 1:02:50 AI Regulation 1:06:36 Custom AI Models 1:12:21 AI Economical Consequences 1:17:11 AI x Crypto 1:20:47 Closing Thoughts
------ RESOURCES
Emad Mostaque https://twitter.com/EMostaque
------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
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See our investment disclosures here: https://www.bankless.com/disclosures
20VC: AI's Biggest Questions: The Commoditisation of LLMs, Open vs Closed: Who Wins, Model Size vs Data Quality, Why Google are Vulnerable and Apple are the Dark Horse
Des Traynor is a Co-Founder of Intercom, and has built and led many teams within the company, including Product, Marketing, and Customer Support.
Yann LeCun is VP & Chief AI Scientist at Meta and Silver Professor at NYU affiliated with the Courant Institute of Mathematical Sciences & the Center for Data Science. He was the founding Director of FAIR and of the NYU Center for Data Science.
Emad Mostaque is the Co-Founder and CEO @ StabilityAI, the parent company of Stable Diffusion. Stability are building the foundation to activate humanity's potential.
Jeff Seibert is the Founder & CEO @ Digits, building the future of AI-powered accounting. Digits have raised funding from the likes of Peter Fenton @ Benchmark and 20VC.
Tomasz Tunguz is the Founder and General Partner @ Theory Ventures, just announced last week, Theory is a $230M fund that invests $1-25m in early-stage companies that leverage technology discontinuities into go-to-market advantages.
Douwe Kiela is the CEO of Contextual AI, building the contextual language model to power the future of businesses.
Cris Valenzuela is the CEO and co-founder of Runway, the company that trains and builds generative AI models for content creation.
Richard Socher is the founder and CEO of You.com. Richard previously served as the Chief Scientist and EVP at Salesforce. Before that, Richard was the CEO/CTO of AI startup MetaMind, acquired by Salesforce in 2016.
In Today's Episode We Discuss:
Foundational Models: Analysis
Will foundational models become commoditized?
Who are the major players? What are their different strengths?
Who will win? Who will lose?
How important is the size of the model vs the quality of the data?
2. Open vs Closed:
What are the biggest pros and cons of an open ecosystem for LLMs?
Why is it naive to think that open-source LLMs will prevail?
What will determine which method wins?
3. An Analysis of the Incumbents:
Why is Google the most vulnerable? What can they do to regain ground?
Why is Apple the sleeping giant? How could they win the next wave of AI?
What should Amazon do today to compete with Microsoft?
4. The Future: Doom and Gloom?
Why is it ridiculous to assume AI systems want to dominate?
Why will AI create a renaissance of creativity and human freedom?
What role should regulation play in the advancement and progression of AI?
E35: Stability AI’s Emad Mostaque and Slow Ventures’ Sam Lessin Discuss Investing in AI
In this episode, Nathan Labenz and Erik Torenberg host a discussion between Emad Mostaque, founder of Stability AI, and Sam Lessin, GP of Slow Ventures and former VP Product at Facebook. These influential technology thinkers tackle topics pertinent to evaluating whether AI is a good investment for venture capital. They talk about the attention and information economy, SaaS markets, how AI-created entertainment will impact society and our relationships, and AI disruption of highly-regulated industries.
We'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.
LINK FOR NATHAN'S LIVE EVENT IN SAN FRANCISCO:
Friday June 16th: Why AI with Athena: https://v4p9mjmurpv.typeform.com/to/llRcJSF9
TIMESTAMP:
(00:00) Episode Preview
(01:17) Nathan explains why we hosted a conversation with Emad and Sam
(08:25) Discussion kicks off: AI as an extender rather than a deck shuffler
(12:01) Is AI a disruptive or sustaining innovation?
(14:22) What is intelligence?
(16:00) The attention and information economy
(21:56) Storytelling, the stock market, and the economy
(23:23) Sponsor: Omneky
(23:50) AI in the media industry, Hollywood, and distribution
(29:10) Startups vs incumbents
(30:30) Disrupting highly-regulated industries
(32:30) AI in education: an AI tutor for every child
(35:15) AI as StackOverflow 2.0 for engineers
(37:23) Regulatory Arbitrage
(40:06) The oracle problem in AI
(42:00) Apple as the weakest BigTech player in AI
(44:30) AI in communities and the future of social media
(46:55) Replika on Valentine’s Day and AI-generated porn
(53:50) How does the market for inference shape up? Inference vs. cloud
(55:08) Price of primary care in US in the next decade
(55:38) What are the most likely incumbents to be disrupted?
(56:55) Will BigTech continue to opensource?
(58:56) Marriage rate in US in the future given AI
(01:00:24) Can any AI leader sustain high gross margins in the future?
(01:02:04) Stability’s business model
TWITTER:
@EMostaque (Emad)
@Lessin (Sam)
@CogRev_Podcast
@labenz (Nathan)
@eriktorenberg (Erik)
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This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.
Download this episode as an mp3: https://chrt.fm/track/993DGA/traffic.megaphone.fm/RINTP2126380296.mp3?updated=1686676812
Music Credit: MusicLM
20VC: Who Wins the AI Race; Startups or Incumbents & Does Having Proprietary Data Really Matter For Startups Today?
One of the core questions in AI and investing today; who wins, startups or incumbents? Startups have speed and innovation but incumbents have scale, resources, and distribution?
Today we hear from 6 leading investors and founders discussing where they place their bets who has the advantage; startups or incumbents?
Emad Mostaque is CEO @ StabilityAI, the parent company of Stable Diffusion. To date, Emad has raised over $110M with Stability with the latest round reportedly pricing the company at $4BN.
Yann LeCun is VP & Chief AI Scientist at Meta and Professor at NYU. He was the founding Director of FAIR and of the NYU Center for Data Science.
Clem Delangue is the Co-Founder and CEO @ Hugging Face, the AI community building the future. Clem has raised over $160M from the likes of Sequoia, Coatue, Addition and Lux Capital to name a few.
Sarah Guo is the Founding Partner @ Conviction Capital, a $100M first fund purpose-built to serve "Software 3.0" companies. Prior to founding Conviction, Sarah was a General Partner at Greylock.
Vince Hankes is a Partner @ Thrive Capital where he has led the firm's investments in OpenAI, Melio, and Airplane.dev. Prior to Thrive, Vince learned the craft of venture from Lee Fixel @ Tiger.
Tomasz Tunguz is the Founder and General Partner @ Theory Ventures, a $230M fund that invests $1-25m in companies that leverage technology discontinuities into go-to-market advantages.
The Question of the Day:
Who wins? Startups or Incumbents?
20VC: Why the AI Bubble Will Be Bigger Than The Dot Com Bubble, Why AI Will Have a Bigger Impact Than COVID, Why No Models Used Today Will Be Used in a Year, Why All Models are Biased and How AI Kills Traditional Media with Emad Mostaque, Founder & CEO @
Emad Mostaque is the Co-Founder and CEO @ StabilityAI, the parent company of Stable Diffusion. Stability are building the foundation to activate humanity's potential. To date, Emad has raised over $110M with Stability with the latest round reportedly pricing the company at $4BN. Investors include Coatue, Lightspeed, Sound Ventures, OSS Capital and Airstreet Capital, to name a few. Prior to Stability, Emad was in the world of hedge funds, that was until his son was diagnosed with autism and he left to make a difference in the space and help find treatments and solutions.
In Today's Episode with Emad Mostaque We Discuss:
1.) From Hedge Funds to Finding Treatments for Autism to Leading the World of AI:
How Emad made his way from the world of hedge funds to founding one of the leading AI companies of our time?
How did Emad find a solution to parts of his son's autism with a $6 drug?
How does Emad believe we can use AI to solve the majority of medical problems today?
What does the future of healthcare look like with AI at the centre?
2.) Models: What is Real? What is False?
Why no models today will be used in a year?
Why all models are biased and how do we solve for it?
Why hallucinations are a feature and not a bug?
Why the size of your model does not matter anymore?
Why will there be national models specified to cultures and nations? How is this implemented?
3.) Who Wins: Startups or Incumbents:
Why does Emad believe there will only be 5 really important AI companies? Which will they be?
How does Emad review Google's AI strategy following their news last week? Was their integration of Google and Deepmind recently a success?
How does Emad assess Meta's AI strategy? Why does Zuckerberg now acknowledge the metaverse play was a mistake?
How does Emad evaluate the approach taken by Amazon? Why are they the dark horse in the race?
What can startups do to get a meaningful edge on the large incumbents? How do they compete with their distribution?
4.) The Next 12 Months: What Happens:
Why does Emad believe the .ai bubble will be bigger than the dot com bubble?
Why does Emad believe that the biggest companies built-in AI in the next 12 months will be services-based companies? How does the ecosystem look if this is the case?
Why will India and emerging markets embrace AI faster than anyone else? What happens to economies that have large segments reliant on freelance work that AI replaces?
Why will we see the death of many large content publishers and media companies? What does Emad mean when he says we will see the rise of "AI first publishers"?
5.) Open or Closed: What Wins:
Why does Emad believe we must be open by default? Why does open win?
Why does Emad side with Elon and believe we must pause the development of AI for 6 months?
How does Emad evaluate the leaked memo from Google stating that neither Google nor OpenAI are ahead? What does this mean for the AI ecosystem?
Where will the best AI talent concentrate? What do companies need to do to win the best talent?
How can we make sure that everyone has access to AI? Can small models outperform large models? With Stability AI’s Emad Mostaque
AI-generated images have been everywhere over the past year, but one company has fueled an explosive developer ecosystem around large image models: Stability AI. Stability builds open AI tools with a mission to improve humanity. Stability AI is most known for Stable Diffusion, the AI model where a user puts in a natural language prompt and the AI generates images. But they're also engaged in progressing models in natural language, voice, video, and biology.
This week on the podcast, Emad Mostaque joins Sarah Guo and Elad Gil to talk about how this barely one-year-old, London-based company has changed the AI landscape, scaling laws, progress in different modalities, frameworks for AI safety and why the future of AI is open.
Show Links:
Stability.AI
Stable Diffusion V2 on Hugging Face
Sign up for new podcasts every week. Email feedback to show@no-priors.com
Follow us on Twitter: @NoPriorsPod | @Saranormous | @EladGil | @EMostaque
Show Notes:
[2:00] - Emad’s background as one of the largest investors in video games and artificial intelligence
[7:24] - Open-source efforts in AI
[13:09] - Stability.AI as the only independent multimodal AI company in the world
[15:28] - Computational biology, medical information and medical models
[23:29] - Pace of Adoption
[26:31] - AGI versus intelligence augmentation
[31:38] - Stability.AI’s business model
[37:44] - AI Safety
EP 46: Emad Mostaque (Founder/CEO Stability.ai) - On The Future of Generative AI, Creating Real-Time Movies, Societal Impact of AI
In the 46th episode, Stability AI CEO Emad Mostaque discusses the future of AI. From being only years out from generating entire movies in real-time to how it’s revolutionizing the healthcare industry and could help identify cancer. Plus its benefits in education, charities, the potential regulations, and societal impact, and Stable Diffusion becoming the most popular open-source software in the world.
(0:00) Intro
(1:03) Introducing Emad Mostaque
(1:27) Generative AI
(9:52) Computing power and AI
(12:23) How Emad got into AI
(14:49) Open-source AI
(20:19) Growth of Stable Diffusion
(21:57) Lensa
(25:39) Power of Creativity
(30:00) Ramifications of AI
(34:09) State of the industry
(37:32) Business model for AI
(43:28) AI use cases
(48:11) Societal impact
(51:39) Becoming a public figure
(55:41) Outro
Mixed and edited: Justin Hrabovsky
Produced: Andrew Nadeau and Rashad Assir
Executive Producer: Josh Machiz
Music: Griff Lawson
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About the Show
A Saturday morning podcast hosted by Logan Bartlett (Partner and Managing Director at Redpoint Ventures) covering the tech news with his friends and other people with industry expertise.
Executive Producer: Rashad Assir
Producer: Leah Clapper
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About the Show
Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode of The Logan Bartlett Show, we sit down with the people behind today’s most important startups and extract the tactics, lessons, and frameworks they’ve learned the hard way. Conversations span hiring to GTM, product, growth, fundraising and everything in between - collectively forming the ultimate playbook to make you a better CEO, investor or board member.
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Stable Diffusion & Generative AI with Emad Mostaque - #604
Today we’re excited to kick off our 2022 AWS re:Invent series with a conversation with Emad Mostaque, Founder and CEO of Stability.ai. Stability.ai is a very popular name in the generative AI space at the moment, having taken the internet by storm with the release of its stable diffusion model just a few months ago. In our conversation with Emad, we discuss the story behind Stability's inception, the model's speed and scale, and the connection between stable diffusion and programming. We explore some of the spaces that Emad anticipates being disrupted by this technology, his thoughts on the open-source vs API debate, how they’re dealing with issues of user safety and artist attribution, and of course, what infrastructure they’re using to stand the model up.
The complete show notes for this episode can be found at https://twimlai.com/go/604.
Emad Mostaque — Stable Diffusion, Stability AI, and What’s Next
Emad Mostaque is CEO and co-founder of Stability AI, a startup and network of decentralized developer communities building open AI tools. Stability AI is the company behind Stable Diffusion, the well-known, open source, text-to-image generation model.
Emad shares the story and mission behind Stability AI (unlocking humanity's potential with open AI technology), and explains how Stability's role as a community catalyst and compute provider might evolve as the company grows. Then, Emad and Lukas discuss what the future might hold in store: big models vs "optimal" models, better datasets, and more decentralization.
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🎶 Special note: This week’s theme music was composed by Weights & Biases’ own Justin Tenuto with help from Harmonai’s Dance Diffusion.
-
Show notes (transcript and links): http://wandb.me/gd-emad-mostaque
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⏳ Timestamps:
00:00 Intro
00:42 How AI fits into the safety/security industry
09:33 Event matching and object detection
14:47 Running models on the right hardware
17:46 Scaling model evaluation
23:58 Monitoring and evaluation challenges
26:30 Identifying and sorting issues
30:27 Bridging vision and language domains
39:25 Challenges and promises of natural language technology
41:35 Production environment
43:15 Using synthetic data
49:59 Working with startups
53:55 Multi-task learning, meta-learning, and user experience
56:44 Optimization and testing across multiple platforms
59:36 Outro
-
Connect with Jehan and Motorola Solutions:
📍 Jehan on LinkedIn: https://www.linkedin.com/in/jehanw/
📍 Jehan on Twitter: https://twitter.com/jehan/
📍 Motorola Solutions on Twitter: https://twitter.com/MotoSolutions/
📍 Careers at Motorola Solutions: https://www.motorolasolutions.com/en_us/about/careers.html
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💬 Host: Lukas Biewald
📹 Producers: Riley Fields, Angelica Pan, Lavanya Shukla, Anish Shah
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Generative AI is Here. Who Should Control It?
We sit down with the founder of Stability AI, Emad Mostaque, on the heels of his $101 million fund-raising round. His open-source Stable Diffusion image generator is the key to unlocking creativity, he says, and “one of the ultimate tools for freedom of expression” — as long as it stays out of the hands of a few censorious tech giants. So what’s this former hedge fund manager turned tech mogul thinking about how this technology could be used — or misused? Plus: A.I. Kevin and A.I. Casey stop by.
On today’s episode
Emad Mostaque, the chief executive of Stability AI
Additional resources
“Eshoo Urges N.S.A. & O.S.T.P. to Address Unsafe A.I. Practices” (Press Release, Representative Anna Eshoo of California)
“This artist is dominating A.I.-generated art. And he’s not happy about it.” (Melissa Heikkilä, M.I.T. Technology Review)
“A Coming-Out Party for Generative A.I., Silicon Valley’s New Craze” (Kevin Roose, The New York Times)
Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
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How a Fund Manager's Trying to Fix Some of the Mideast's Issues
When you think about the Middle East what springs to mind? Perhaps oil, maybe political instability, terrorism or even war. On this week's episode of the Odd Lots podcast we speak to someone who's trying to tackle the region's biggest issues in new and creative ways. Emad Mostaque is the co-chief investment officer of Capricorn Fund Managers Ltd. and a long-time specialist in Gulf markets who successfully predicted the collapse in oil prices that's currently causing a headache for many Middle Eastern economies. He talks about his proposal to give OPEC a brand new tool to control the crude market in the face of rising U.S. production, as well as a new project to use big data and technology to fight Islamic extremism and help Syrian refugees find jobs.
See omnystudio.com/listener for privacy information.
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