Check out the full podcast show notes: Liberty RPF — On Creation and Curation (EP.134)
Creator and curator Liberty RPF returns for his second appearance on Infinite Loops. He and Jim discuss the art of curation, the opportunities and risks of AI, the curse of creativity, the future of learning, and MUCH more!
Not wasting resources is the same thing as having more resources
No matter how beautiful your idea, if the experiment fails, you are wrong (see Theranos)
One of the best ways to learn from mistakes is to learn from the mistakes of others. Learning from others' mistakes is cost-free.
Romanticizing the past can be dangerous. We think we want to go back to simpler times, but we forget how difficult those times were for average people
If humanity were just 1% better over the last 500 years, where could we be today? We should endeavor to be the best version of ourselves
The Limits of my Language are the limits of my world. If one cannot describe something in words, then it does not exist
Learning is easier if it is fun
Curation and taste is a skill that can be developed, but there is some level of innate ability
Society today is so specialized because that is what is rewarded, but there is also a benefit to being a generalist
Book recommendation - Range: Why Generalists Triumph in a Specialized World
Liberty RPF's Process:
Reading vs Producing Content: The process is cyclical and depends on the topic he is currently interested in. With Artificial Intellignece, there is plenty of content to produce, but other topics take longer to product content
O'Shaughnessy Ventures (Stealth Mode)
Jim believes we are entering an incredible period of human history, the tools available to people continue to improve
Jim is collaborating with Stability AI, a solution studio dedicated to innovating ideas
O'Shaughnessy Ventures will establish a fellowship, similar to the Thiel Fellowship
The fellowship will fund 12 "Atlantean Scholars"
Venture capital used to be called "Adventure Capital"
Brent Beshore is fundamentally changing the business model of private equity as the CEO of Permanent Equity
3 Use Cases of Artificial Intelligence in the Medical Field
Artificial Intelligence has a strong Western bias. We need to expand to other languages to bring in the best parts of other cultures
In order for an idea or technology to be successful throughout human history, someone needed to be able to both (1) generate the idea, as well as (2) execute on the idea
As the market for technology and financing further develops, people are able to specialize in either idea generation, or execution.
This is further facilitated by better technology and software.
Humans are not well-configured to comprehend millions of data points, which Artificial Intelligence excels at
Scientists are expected to be experts in their field, statistics, research design, and more
Liberty RPFs New Idea: An Artificial Intelligence that scientists run their study designs through prior to conducting research. The AI could detect flaws in the study and make recommendations.
Use Case 1: Detecting Fraudulent Medical Research
New evidence revealed that researchers involved in Sylvain Lesné's 2006 study on Alzheimer’s contained doctored images. The paper has high visibility and was trusted and relied upon by other researchers conducting work in the field.
There are not enough people or resources to review all the medical literature, leaving room for errors or outright fraud.
However, machine learning could be a potential solution in detecting anomalies in the results of medical studies. This would lead to more robust and accurate data, ultimately benefiting patients.
Use Case 2: Replicate past experiments In Silico
An in silico experiment is one performed on computer or via computer simulation
In the real world, replicating past experiments would cost billions of dollars and many additional resources
Replicating experiments in silico can produce multiple benefits:
Lower cost of experiments means more iterations of the experiment could be performed. This can lead to better study design and procedures, ultimately leading to more accurate outcomes
Detect faulty assumptions or fraud
Use Case 3: Minimize Prestige & Incentive Mis-Alignment in Science
Many scientists want to work on the sexiest and best paid studies. However, these projects may not actually make the most difference for humankind
Artificial Intelligence could potentially help make more discoveries in the less-sexy areas of scientific research that are not garnering as much interest from the scientific community.
More attention and resources = better discoveries and results for humankind
Wasting fewer resources is the same thing as having more resources
"No matter how beautiful your idea, if the experiment fails, you are wrong" - Richard P. Feynman, winner of the The Nobel Prize in Physics 1965
Charlie Munger's Advice on Learning From Mistakes
"One of the best ways to learn from mistakes is to learn from the mistakes of others. Learning from others' mistakes is cost-free. Other investors lose money as well, so you don't have to learn the same lessons with your own money."
Artificial Intelligence in Art (Generative Art)
"Art is not what you see, but what you make others see" - Edgar Degas
Artificial Intelligence will be trained on art created by humans. But in the end, the Artificial Intelligence will create its own unique piece of art
When the camera first came out, portrait artists wore black armbands in protest of the new technology.
In time, people began to see the value of emerging technologies
"The arrow of progress is up"
Cost Benefits of Artificial Intelligence
"Power tends to corrupt; absolute power corrupts absolutely" - Lord Acton, a British historian of the late nineteenth and early twentieth centuries
There is cause for celebration, but also reason for concern about the development of Artificial Intelligence. Humanity has the capability to harness technology for good and for evil.
Artificial Intelligence should be open-sourced, with multiple people allowed to provide input on how it should be applied
The increasing importance of digital networks
Networks are no longer just about who you went to school with, or who you played sports with. Instead, networks are global and digital in nature
This allows for a more diverse network with different viewpoints
People are able to collaborate and create new things, solely online. There is no limit on who we can connect with
Whoever owns Twitter (Elon Musk or not), has the ability to turn Twitter into a global intelligence network
In the past, people immigrated to the United States in search of better economic opportunity. Today, people are turning to the online world in search of opportunit. It is much easier to change your digital zip code than your physical zip code
Jim thinks of creatives differently than in the conventional sense. Jim believes that startup founders and entrepreneurs are also considered creatives
Creating in private is different than creating content in public. When creating content in public, people give feedback and interact with the content, providing additional ideas.
Creating ideas online also improves storytelling and writing ability over time
Adopting an Abundance Mindset
Rational Optimism generally leads to better places, then ideas can be actioned on and created
Abundance Mentality: Create a grand vision for a better world. Do NOT be inhibited by scarcity mentality
Everything you see came out of the mind of a human being. The only examples would be a piece of land that has never been touched or seen by a human.
As human expectations and desire increased, so did the way in which we interacted with and shaped our environment
Romanticizing the past can be dangerous. We think we want to go back to simpler times, but we forget how difficult those times were for average people.
Survivorship bias of log cabins: we only see the best ones that are still standing
If humanity were just 1% better over the last 500 years, where could we be today?
One Summer: America, 1927; by Bill Bryson
There’s No Speed Limit; by Derek Sivers
Global Catastrophic Risks; by Nick Bostrom and Milan M. Cirkovic