00:21:35 · Daniel Palmer, Michelle Gilmore
[00:21:35] S3: I think it's a potentially fraught question, but I guess why wouldn't it have the same outcome as the Industrial Revolution? Is it because AI is more accessible? [00:21:47] S1: Yeah. Really good question. So the industrial revolution put in physical machines to take out human labor. Yep. Right? And the whole idea was to create everything... To to scale the creation of physical things really, and to have humans in that loop but for humans not to be actually making the things. It was the birth of craft though Right? So there was this idea of after that, people then did go and continue to make the thing they were making by hand, but they were standing up their own markets or they were creating what then became things like Etsy. Right? So, it's not that nothing good came from that. But at the time, those workers that were replaced, they didn't necessarily have an ability to upskill or to amplify. It was just about replacing a human production line with a machine led production line. [00:22:47] S3: Yeah. Mean, like, I think I agree very strongly with that comparison, but I guess, like, I'm curious to dig into more of like, is the difference... Because as you say, we're seeing a similar thing here. Like, I mean, it's happening fast and slow, but there are jobs that are now being taken by agent and sync automation, AI enhanced workflows. Why will the people displaced in that process be more capable of being enhanced by the technology?
00:22:47 · Daniel Palmer, Michelle Gilmore
[00:22:47] S3: Yeah. Mean, like, I think I agree very strongly with that comparison, but I guess, like, I'm curious to dig into more of like, is the difference... Because as you say, we're seeing a similar thing here. Like, I mean, it's happening fast and slow, but there are jobs that are now being taken by agent and sync automation, AI enhanced workflows. Why will the people displaced in that process be more capable of being enhanced by the technology? [00:23:18] S1: I'm not sure they will. I'm not saying necessarily that I think those people that are currently being displaced or replaced will necessarily be able to kind of sidestep and just, day one be okay. But I think that there are... En masse, we will see, an amplification of what humans are amazing at and AI enabling that at scale. Yeah. I mean, I'm... I... I'm a founder of an AI company. I kind of have to be pissed about these good... I need to look my son in the eye and tell him, like, when I'm leaving the house in the morning and he's crying because he thinks Juno's a person. I need to say that, you know, I'm working on something and believe it that I think will change the world for the better. Mhmm. So I tend to think optimistically about human potential and what we will be able to do given everything we've done before. Yeah. I I I hold that as... At the same time as I hold the very reality of displacement. Yep. And huge cohorts of societies, communities, disciplines being very disrupted. And I think that's going to be a very real... And already, I do... I think we're there. I think that that will be very real.
00:23:18 · Michelle Gilmore, Daniel Palmer, Adam Miller
[00:23:18] S1: I'm not sure they will. I'm not saying necessarily that I think those people that are currently being displaced or replaced will necessarily be able to kind of sidestep and just, day one be okay. But I think that there are... En masse, we will see, an amplification of what humans are amazing at and AI enabling that at scale. Yeah. I mean, I'm... I... I'm a founder of an AI company. I kind of have to be pissed about these good... I need to look my son in the eye and tell him, like, when I'm leaving the house in the morning and he's crying because he thinks Juno's a person. I need to say that, you know, I'm working on something and believe it that I think will change the world for the better. Mhmm. So I tend to think optimistically about human potential and what we will be able to do given everything we've done before. Yeah. I I I hold that as... At the same time as I hold the very reality of displacement. Yep. And huge cohorts of societies, communities, disciplines being very disrupted. And I think that's going to be a very real... And already, I do... I think we're there. I think that that will be very real. [00:24:47] S3: Totally great. [00:24:48] S1: And the ripple effect I'm not sure we can even comprehend. We can't because we're on this side of this. But I'm not sure that we can yet comprehend what that means. But I do think there is some advantage and some very real reality that we probably need to stop being more honest about. [00:25:10] S3: Yeah, think the reason I've dug in tonight is because [00:25:14] S5: I think about this constantly, as
00:25:14 · Adam Miller, Daniel Palmer, Michelle Gilmore, Sachin
[00:25:14] S5: I think about this constantly, as [00:25:16] S3: I'm sure we all I do, [00:25:20] S5: agree, I think even if you look [00:25:21] S3: at the industrial revolution, if we zoom forward one hundred and fifty years to today, we can probably look back and be like, okay, that overall increased prosperity for society listed standards of living, we can maybe agree, maybe, that it was good for society. [00:25:39] S1: Maybe not for the planet though. [00:25:41] S3: Maybe not for the planet. I wouldn't put in every caveat, but it was a bit a dark and white topic. I think we can probably say all the same things and more for what I think is happening now with AI. I think a really interesting point that at least your comment made me think about though, that a difference between those two things, which is good, is that I would say more of the benefit of the, let's call it generative AI revolution, if we want to put a headline on it, is more democratised. I think more people do have chat GBT in their pocket in a way that people didn't have the factory in their pocket in the nineteenth century. So I think that's interesting. Think from an optimistic lens that's actually a really... I think it's just [00:26:30] S2: like a timeline question, Like I agree with you completely that right now humans are enabled more than ever to flourish. Like, someone that can't code and go unlovable and mock up something beautiful in a weekend or direct a movie, which is text and video, right? But that's the current timeline. I don't know how old your child is. Just...
00:26:30 · Sachin, Georgie Healy, Adam Miller, Daniel Palmer
[00:26:30] S2: like a timeline question, Like I agree with you completely that right now humans are enabled more than ever to flourish. Like, someone that can't code and go unlovable and mock up something beautiful in a weekend or direct a movie, which is text and video, right? But that's the current timeline. I don't know how old your child is. Just... [00:26:50] S4: It's -: Not a graduate. Set up, [00:26:52] S2: come more and more, like, I think the next five years look really great for human creativity, human flourishing. That's kind of our thesis as well. After those five years, And I think that's the boring thing. [00:27:04] S5: And I feel like the scary thing with AI is that it feels like the last technology. [00:27:08] S3: Because there's like a lot [00:27:09] S5: of technologies, it can help you flourish, it can amplify you, but then if this is the technology that can create all future technology as well, it's like, where is that role for humans? And in that timeline, it's just too hard to conceive ten to fifteen years down the front? [00:27:22] S2: I think I'm Casey Flint who introduced you to Lorikeet, yeah, to Lorikeet and Steve. She's at a company right now and their whole thesis is the way that we get to AGI is build the best coding agent first. To your point Adam, it's like the last technology if you build the best coding agent that builds AGI, then there's really nothing left. While in the industrial revolution, I don't know, obviously none of us were there, but it kind of feels like there was stuff potentially left to do. [00:27:48] S3: Thought there was.
00:27:48 · Daniel Palmer, Sachin, Xharmagne Carandang
[00:27:48] S3: Thought there was. [00:27:49] S2: And I guess there's robotics, but OpenAI is already playing in that space with mini models that they can be put into robots. But I think something where we started this conversation was around the intensity of this moment. And I've talked to founders who were around the .com era, and they said this is like, you know, a magnitude more intense. How do you guys feel about the intensity of building your companies? Obviously, we're all here in Sydney, Australia, there's this culture of being more laid back, or at least that's the perception from the outside world. How do you guys think about building great AI companies based in Sydney? Maybe Xharmagne, you want to kick us off? [00:28:24] S0: Oh, is this because he saw that comment about our competitors saying that we're... Well, implying that we're, you know, lazy Australians versus they've got so many engineers working twenty four seven in Silicon Valley. Yeah. I don't I think it just always comes back for us to the focus on the customer, and of course, that with the business goals. But if we just focus on what actually we're trying to do and the main things to get there, we're... We end up somehow being sustainable instead of burning ourselves out twenty four seven. Mhmm. Because then we don't have all that wasted energy, and we are going in that direction, if that makes sense. So Mhmm. Yeah. Customer focus moments.