Nobel Economist Daron Acemoglu WARNING: AI's Payoff Is NOT What You Think

Nobel laureate Daron Acemoglu says AI's real productivity gain is an order of magnitude smaller than the industry claims. The bigger danger is not the machine. It is that a handful of people are deciding how it gets built. Daron Acemoglu is an MIT economist who shared the 2024 Nobel Prize in Economic Sciences. We cover: why a Nobel chemist left Berkeley for China, the optimal amount of heresy science should tolerate, the one rule that would end algorithmic outrage without censoring anyone, the accounting trick behind billionaire wealth, and why AI's path is a design decision, not destiny. We are still a democracy. Perhaps not for long. Chapters: 0:00 Can science survive without democracy?t 2:08 Why a Nobel laureate left Berkeley for Chinat 3:58 What Galileo knew that Kepler didn'tt 5:12 Is peer review undemocratic?t 7:41 The optimal amount of scientific heresyt 10:06 Science isn't slowing. So what broke?t 12:06 The design choice behind echo chamberst 14:49 One rule that would fix social mediat 19:26 Should Elon Musk have this much wealth?t 23:49 AI is a design choice, not destinyt ——— 📬 Get the transcript, fascinating bonus content, and my Monday M.A.G.I.C. Message: https://briankeating.com/yt 🌠 Have a .edu email and live in the USA 🇺🇸? You automatically win a meteorite: https://BrianKeating.com/edu 🔔 Subscribe: https://www.youtube.com/DrBrianKeating 🎯 Support Into the Impossible on Patreon — get my weekly M.A.G.I.C. Message, unfiltered bonus content, and live monthly Office Hours with me: / drbriankeating ⭐ Join this channel for perks, monthly Office Hours, and your name in the Member Roster at the end of every episode: / @drbriankeating 📚 My books: Losing the Nobel Prize (memoir): http://amzn.to/2sa5UpAt Think Like a Nobel Prize Winner: https://a.co/d/03ezQFut Focus Like a Nobel Prize Winner: https://a.co/d/hi50U9Ut Galileo's Dialogue (first-ever audiobook): https://a.co/d/iZPi9Unt 🌐 More: 🏄‍♂️ Twitter: / briankeating 📚 Substack https://briankeating.substack.com/ss ✍️ Blog: https://briankeating.com/blog 🎙️ Audio-only: https://briankeating.com/podcast #intotheimpossible #briankeating #science #physics #astronomy #cosmology #podcast #universe Learn more about your ad choices. Visit megaphone.fm/adchoices