London Futurists
Anticipating and managing exponential impact - hosts David Wood and Calum Chace
Calum Chace is a sought-after keynote speaker and best-selling writer on artificial intelligence. He focuses on the medium- and long-term impact of AI on all of us, our societies and our economies. He advises companies and governments on AI policy.
His non-fiction books on AI are Surviving AI, about superintelligence, and The Economic Singularity, about the future of jobs. Both are now in their third editions.
He also wrote Pandora's Brain and Pandora’s Oracle, a pair of techno-thrillers about the first superintelligence. He is a regular contributor to magazines, newspapers, and radio.
In the last decade, Calum has given over 150 talks in 20 countries on six continents. Videos of his talks, and lots of other materials are available at https://calumchace.com/.
He is co-founder of a think tank focused on the future of jobs, called the Economic Singularity Foundation. The Foundation has published Stories from 2045, a collection of short stories written by its members.
Before becoming a full-time writer and speaker, Calum had a 30-year career in journalism and in business, as a marketer, a strategy consultant and a CEO. He studied philosophy, politics, and economics at Oxford University, which confirmed his suspicion that science fiction is actually philosophy in fancy dress.
David Wood is Chair of London Futurists, and is the author or lead editor of twelve books about the future, including The Singularity Principles, Vital Foresight, The Abolition of Aging, Smartphones and Beyond, and Sustainable Superabundance.
He is also principal of the independent futurist consultancy and publisher Delta Wisdom, executive director of the Longevity Escape Velocity (LEV) Foundation, Foresight Advisor at SingularityNET, and a board director at the IEET (Institute for Ethics and Emerging Technologies). He regularly gives keynote talks around the world on how to prepare for radical disruption. See https://deltawisdom.com/.
As a pioneer of the mobile computing and smartphone industry, he co-founded Symbian in 1998. By 2012, software written by his teams had been included as the operating system on 500 million smartphones.
From 2010 to 2013, he was Technology Planning Lead (CTO) of Accenture Mobility, where he also co-led Accenture’s Mobility Health business initiative.
Has an MA in Mathematics from Cambridge, where he also undertook doctoral research in the Philosophy of Science, and a DSc from the University of Westminster.
London Futurists
Post-labour economics and the future of capitalism, with Ted Shelton
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This episode continues our investigation into the potential wide-ranging implications of advanced AI for economics.
Traditionally, value is said to be created by a combination of capital, which covers the cost of materials and equipment, and labour, whereby humans exercise skills, ingenuity, diligence, attention, and more. What has been a constant debate is the appropriate division of rewards between capital and labour. Critics of the operation of capitalism have often predicted that an accumulation of value within small groups of owners of capital will cause economic instabilities and a subsequent collapse. Despite these forecasts, capitalism has, so far, demonstrated great resilience, defying predictions of its collapse. But if human labour is increasingly displaced by advanced automation, the balance of labour and capital will be fundamentally changed, and capitalism will come under unprecedented pressures.
That’s the thesis of our guest today, Ted Shelton. David first met Ted about 25 years ago, when Ted was Chief Strategy Officer of the software development tools company Borland, and David was an executive within the early smartphone industry. Since that time, Ted has worked for a variety of companies in and around Silicon Valley, including PwC, Cognizant Technology Solutions, Catalytic, Bain, and Inflection AI. Recently, he has been giving a great deal of thought to where AI is taking the economy.
Selected follow-ups:
- Ted Shelton's posts on LinkedIn
- "On the Transformation of Capitalism's Fundamental Assumptions Under Conditions of Scaling Machine Intelligence" - working paper by Ted Shelton
- "The Industrial Economy Is Ending. What Comes Next?" - by Ted Shelton
- Thomas Piketty's book "Capital in the Twenty-First Century" - Wikipedia
- Nicholas Eberstadt's book "Men Without Work: America's Invisible Crisis" - Wikipedia
- Richard Sutton's essay "Bitter Lesson" - Wikipedia
- "Technofeudalism" - articles by Yanis Varoufakis
Music: Spike Protein, by Koi Discovery, available under CC0 1.0 Public Domain Declaration
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