If someone has some money, they can invest it to get more money. Do you know what the difference is between money and intelligence that makes it plausible to expect an abrupt intelligence explosion, but reasonable to expect steady exponential growth for financial investment returns?
There are some qualitative shifts in growth rate with investment. For example, very small amounts of money basically cannot be invested in the financial due to the high fixed costs associated with money laundering regulation, etc.
On the other hand, the more income people have, the more they consume, which reduces growth. Levels of consumption deemed adequate by our ancestors, and indeed consistent with high savings rates, are not viewed as acceptable any more.
This is part of a weekly reading group on Nick Bostrom's book, Superintelligence. For more information about the group, and an index of posts so far see the announcement post. For the schedule of future topics, see MIRI's reading guide.
Welcome. This week we discuss the seventh section in the reading guide: Decisive strategic advantage. This corresponds to Chapter 5.
This post summarizes the section, and offers a few relevant notes, and ideas for further investigation. Some of my own thoughts and questions for discussion are in the comments.
There is no need to proceed in order through this post, or to look at everything. Feel free to jump straight to the discussion. Where applicable and I remember, page numbers indicate the rough part of the chapter that is most related (not necessarily that the chapter is being cited for the specific claim).
Reading: Chapter 5 (p78-91)
Summary
5. Disagreement. Note that though few people believe that a single AI project will get to dictate the future, this is often because they disagree with things in the previous chapter - e.g. that a single AI project will plausibly become more capable than the world in the space of less than a month.
If you are particularly interested in these topics, and want to do further research, these are a few plausible directions, some inspired by Luke Muehlhauser's list, which contains many suggestions related to parts of Superintelligence. These projects could be attempted at various levels of depth.
How to proceed
This has been a collection of notes on the chapter. The most important part of the reading group though is discussion, which is in the comments section. I pose some questions for you there, and I invite you to add your own. Please remember that this group contains a variety of levels of expertise: if a line of discussion seems too basic or too incomprehensible, look around for one that suits you better!
Next week, we will talk about Cognitive superpowers (section 8). To prepare, read Chapter 6. The discussion will go live at 6pm Pacific time next Monday 3 November. Sign up to be notified here.