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Moore's Law for Everything

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Influential essay by OpenAI CEO Sam Altman outlining an optimistic but redistributionist vision of advanced AI's economic impact; frequently cited in AI governance and economic disruption discussions.

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Summary

Sam Altman's 2021 essay arguing that AI will drive a new 'Moore's Law' across all sectors of the economy, dramatically reducing costs and increasing prosperity. He predicts AI will compress decades of scientific and economic progress into years, but emphasizes the need to fundamentally restructure tax and ownership systems to ensure the resulting wealth is broadly shared rather than concentrated among a small elite.

Key Points

  • AI will soon be able to do most cognitive tasks, driving down costs of goods and services as dramatically as computing costs fell over decades.
  • Without policy intervention, AI-driven productivity gains risk extreme wealth concentration among those who own AI capital.
  • Proposes taxing capital (including AI companies and land) to fund universal basic income and broad equity ownership as society transitions.
  • Frames this as an opportunity to lift global living standards if society proactively addresses distribution, not just technological development.
  • Argues governments and institutions must adapt quickly or risk social instability from rapid economic displacement.

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# Moore's Law for Everything

by Sam Altman · March 16, 2021

My work at OpenAI reminds me every day about the magnitude of the socioeconomic change that is coming sooner than most people believe. Software that can think and learn will do more and more of the work that people now do. Even more power will shift from labor to capital. If public policy doesn’t adapt accordingly, most people will end up worse off than they are today.

We need to design a system that embraces this technological future and taxes the assets that will make up most of the value in that world–companies and land–in order to fairly distribute some of the coming wealth. Doing so can make the society of the future much less divisive and enable everyone to participate in its gains.

In the next five years, computer programs that can think will read legal documents and give medical advice. In the next decade, they will do assembly-line work and maybe even become companions. And in the decades after that, they will do almost everything, including making new scientific discoveries that will expand our concept of “everything.”

This technological revolution is unstoppable. And a recursive loop of innovation, as these smart machines themselves help us make smarter machines, will accelerate the revolution’s pace. Three crucial consequences follow:

1. This revolution will create phenomenal wealth. The price of many kinds of labor (which drives the costs of goods and services) will fall toward zero once sufficiently powerful AI “joins the workforce.”

2. The world will change so rapidly and drastically that an equally drastic change in policy will be needed to distribute this wealth and enable more people to pursue the life they want.

3. If we get both of these right, we can improve the standard of living for people more than we ever have before.


Because we are at the beginning of this tectonic shift, we have a rare opportunity to pivot toward the future. That pivot can’t simply address current social and political problems; it must be designed for the radically different society of the near future. Policy plans that don’t account for this imminent transformation will fail for the same reason that the organizing principles of pre-agrarian or feudal societies would fail today.

What follows is a description of what’s coming and a plan for how to navigate this new landscape.

Part 1

## The AI Revolution

On a zoomed-out time scale, technological progress follows an exponential curve. Compare how the world looked 15 years ago (no smartphones, really), 150 years ago (no combustion engine, no home electricity), 1,500 years ago (no industrial machines), and 15,000 years ago (no agriculture).

The coming change will center around the most impressive of our capabilities: the phenomenal ability to think, create, understand, and reason. To the three great technological revolutions–the agricultural, the industrial, and the computational–we will add a fourth: the AI revolution. This revolutio

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