Regarding #1 and #2, so far I found Paul’s line of argument more convincing, but I have only followed the discussion superficially. But points #3 and #4 seem pretty strong and convincing to me, so I’m inclined to conclude that mission hedging is indeed the stronger consideration here.
For AI risk, #3 might not apply because there’s no divestment movement for AI risk and tech giants are large compared to our philanthropic investments. For #4, using the same 10:1 ratio, we’d be faced with the choice between sacrificing around $10 billion to reduce the largest tech giants’ output by 1%, or do something else with the money. We can probably do better than reducing output by 1%, especially because it’s pretty unclear whether that would be net positive or negative.
Even with 10:1 leverage, this would be quite expensive
My understanding is that 10x leverage would also mean ~10x cost (from forgone diversification).
Cool, thanks for the reply! Strong-upvoted.
Regarding #1 and #2, so far I found Paul’s line of argument more convincing, but I have only followed the discussion superficially. But points #3 and #4 seem pretty strong and convincing to me, so I’m inclined to conclude that mission hedging is indeed the stronger consideration here.
For AI risk, #3 might not apply because there’s no divestment movement for AI risk and tech giants are large compared to our philanthropic investments. For #4, using the same 10:1 ratio, we’d be faced with the choice between sacrificing around $10 billion to reduce the largest tech giants’ output by 1%, or do something else with the money. We can probably do better than reducing output by 1%, especially because it’s pretty unclear whether that would be net positive or negative.
My understanding is that 10x leverage would also mean ~10x cost (from forgone diversification).