20VC: DeepMind's Demis Hassabis on Why AGI is Bigger than the Industrial Revolution | Why LLMs Will Not Commoditise & We Have Not Hit Scaling Laws | Bottlenecks in AI & The Energy Crisis Caused By AI | Whether AI Will Do More to Harm or Help Inequality
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AGI arrival is likely within five years
“I would say there's a very good chance of it being within the next five years.”
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Compute remains the primary bottleneck for AI
“Compute is the big one... the cloud is our workbench basically.”
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Scaling law returns remain substantial despite slowing
“I would say the returns are kind of still very substantial, although they're a bit less than they were obviously at the start of all of this scaling.”
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AI currently lacks human-like continuous learning
“These systems don't learn after you finish training them, after you put them out into the world. They're not very good at learning further things.”
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AGI will dwarf the Industrial Revolution's impact
“I sometimes quantify like AGI, the coming of AGI is like 10 times the industrial revolution at 10 times the speed.”