I agree something like the ‘dynamics of the firm’ (cf Coase) might be in for a shakeup: maybe that means many more small orgs (Coase might say: reduced transaction, marketing, discovery, and contracting costs, …); maybe it means aggregation and concentration (Coase might say: more expansive and responsive holistic/top-down context management, increasing (or less decreasing) returns to scale, fewer management mistakes and follies, …).
With this post I’ve leant into the hypothetical of ‘fully automated AI R&D soon’, and considered the context of frontier AI companies. I don’t feel confident giving any bold statements about wider economic effects, only that it’s likely to shake certain things up!
I agree something like the ‘dynamics of the firm’ (cf Coase) might be in for a shakeup: maybe that means many more small orgs (Coase might say: reduced transaction, marketing, discovery, and contracting costs, …); maybe it means aggregation and concentration (Coase might say: more expansive and responsive holistic/top-down context management, increasing (or less decreasing) returns to scale, fewer management mistakes and follies, …).
With this post I’ve leant into the hypothetical of ‘fully automated AI R&D soon’, and considered the context of frontier AI companies. I don’t feel confident giving any bold statements about wider economic effects, only that it’s likely to shake certain things up!