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21. Peter Thiel at Singularity Summit 2009 -- Macroeco…
2 years ago
Peter Thiel on the relationship between macroeconomics and the Singularity.

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  • Luke Stanley 2 years ago
    I wonder if and how he's going to invest to mitigate 'quarterly report' like time horizon problems - and if so, how.
    It was a little strange to not hear him talk about automated stock trading though I think he may have hinted at it by suggesting there will be no more bubbles.

    I wish he could flesh out the elephant/s in the room, as to why and when the Singularity might or might not be 'soon enough'. What risks? What timeframe?
    Is he worried about the 'slower' tech companies in the NASDAQ 100 causing some kind of market conditions that destroy the chance of the Singularity happening in his lifetime?

    j.mp/3eBvb5 - Check Dent summaries a 2008 Singularity Summit talk by James Miller of Smith College:
    "[he] explicitly addressed the topic of how increasing belief in the likelihood of an oncoming singularity would change people's investment decisions. Once people realise that, within (say) 20-30 years, the world could be transformed into something akin to paradise, with much greater lifespans and with abundant opportunities for extremely rich experiences, many will take much greater care than before to seek to live to reach that event. Interest in cryonics is likely to boom - since people can reason their bodies will only need to be vitrified for a short period of time, rather than having to trust their descendants to look after them for unknown hundreds of years. People will shun dangerous activities. They'll also avoid locking money into long-term investments. And they'll abstain from lengthy training courses (for example, to master a foreign language) if they believe that technology will shortly render as irrelevant all the sweat of that arduous learning."
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