Welcome everybody and welcome to those of you joining us on live stream um to this conversation that I have to say I have been looking forward to for months. Uh I had was lucky enough to ch to moderate a conversation between Darede and Deis Hassabos last year in Paris. Um which I'm afraid got most attention for the fact that you two were squashed on a very small love seat while I sat on an enormous sofa which was probably my screw up. But I said at that point that this was for me like, you know, chairing a conversation between the Beatles and the Rolling Stones. And you have not had a conversation on stage since. So this is, you know, the sequel, the the the, you know, the bands get together again. I'm delighted. You need no introduction. Uh the title of our conversation is the day after AGI, which I think is perhaps slightly getting ahead of ourselves because we should probably talk about how quickly and easily we will get there. And I want to do a bit of a sort of update on that and then talk about the consequences. So firstly on the timeline Dario you last year in Paris said we'll have a model that can do everything a human could do at the level of a Nobel laureate across many fields by 2627. We're in 26. Uh do you still stand by that timeline? >> So you know it's always hard to know exactly when something will happen but but I don't I don't think that's going to turn out to be that far off. So um you know the the the mechanism whereby imagined it would happen is that we would make models that were good at coding and good at AI research and we would use that to produce the next generation of model and speed it up to create a loop that would that would uh increase the speed of model development. We are now in terms of you know the models that write code I have engineers within anthropic who say I don't write any code anymore. I just I just let the model write the code. I edit it. I do the things around it. I think I don't know. We might be six to 12 months away from when the model is doing most maybe all of what sues do end to end. And then it's a question of how fast does that loop close. Not every part of that loop is something that can be sped up by AI, right? There's like chips, there's manufacturer of chips, there's training time for the model. So it's, you know, I I think there's a lot of uncertainty. It's easy to see how this could take a few years. I don't I I it's very hard for me to see how it could take longer than that. Um but if if I had to guess, I would guess that this goes faster than people imagine. And that that key element of code and increasingly research going faster than we imagine.
That's going to be the key driver. It's it's really hard to predict again how much that exponential is going to speed us up, but but something fast is going to happen. So you demis were a little more cautious last year. You said a 50% chance of a system that can exhibit all the cognitive capabilities humans can by the end of the decade. Um clearly in coding as Dario says it's been remarkable. What is your sense of do you stand by your prediction and what's changed in the past year? >> Yeah, look I I I I think I'm still on the same kind of timeline. And I think there has been remarkable progress. But I think some areas of uh uh um kind of engineering work, coding or so you could say mathematics are a little bit easier to see how they would be automated partly because they're verifiable what the output is. Um some areas of natural science are much harder to do than that. You won't necessarily know if the chemical compound you've built or this prediction about physics is correct. It may be you may have to test it experimentally and that will all take longer. So uh I also think there are some missing capabilities at the moment uh in terms of like not just solving existing conjectures uh or existing problems but actually coming up with the question in the first place or coming up with the theory or the hypothesis. I think that's much much harder and I think that's the highest level of scientific creativity and it's not clear. I think we will have those systems. I don't think it's impossible but I think there may be one or two missing ingredients. Um, it remains to be seen how, you know, first of all, can this self-improvement loop that we're all working on actually close without a human in the loop. I think there are also risks to that to that kind of system, by the way, which we should discuss and I'm sure we will. But the the but but that could speed things up if that kind of system does work. >> We'll get to the risks in a minute. But one other change I think of the past year has been a kind of change in the pecking order of the race, if you will. This time a year ago, we just had the deepseek moment and everyone was incredibly excited about what happened there and there was still a sense, you know, that Google Deep Mind was kind of lagging open AI. I would say that now uh it's looking quite different. I mean, they've declared code red, right? Um it's been quite a quite a year. So, talk me through what specifically you've been surprised by and how well you've done this year and whether you think and then I'm going to ask you about the lineup. Well, look, I I think we were I was always very confident we uh would get back to sort of the top of the the leaderboards and and the soda type of models across the board because I think we've always had like the deepest and broadest research bench and it was about kind of marshalling that all together and um getting the intensity and focus and the kind of startup mentality back to the whole organization and it's been a a lot of work and um but I think we're and we're still a lot of work to do um but I think you can start seeing the the the the the you know the the kind of um the progress that's been made in both the models with Gemini 3 but also uh on the product side with Gemini app getting increasing uh market share. So I feel like uh we're making great progress um but there's a ton more work to do um and you know we're bringing to bear Google DeepMind's kind of like the engine room of Google where we're getting used to um shipping our models more and more more quickly into the product surfaces. One question for you Daria on on this aspect of it because you've just saw you're in the process of you know a new round at an extraordinary valuation too. Um but you are unlike them as a let's call it an independent model maker and there is I think an increasing concern that the independent model makers will not be able to continue for long enough until you get to where the revenues come in. Um it's made very openly about open AI but talk me through how you think about that and then we'll get to the AGI itself. Yeah, I mean that you know I think I think I think how we think about that is you know as we've built better and better models there's been a kind of exponential relationship not only between how much compute you put into the model and how cognitively capable it is but between how cognitively capable it is and how much revenue it's able to generate. So our revenues grown 10x in the last three years from 0 to 100 million in 2023 100 million to a billion in 2024 and 1 billion to 10 billion in 2025. And so th those revenue numbers, you know, I don't know if that curve will literally continue. It would be crazy if it did. Um, but those numbers are starting to get not too far from, you know, the sca the scale of the largest companies in the world. So there's there's there's always uncertainty. You know, we're trying to bootstrap this from nothing. It's it's a crazy thing, but but I have confidence that if we're able to produce the best models in the things that we focus on, um, uh, then I think then I think things will go well. And you know, I I will I will generally say, you know, I think I think it's been a good year for both both Google and Anthropic. And I think the thing we actually have in common is that they're you know, they're both kind of kind of kind of companies that are, you know, or the research part of the company that are kind of led by researchers who focus on the models who focus on solving important problems in the world, right? Who have these kind of hard scientific problems as a as a north star. and and and I think those are the kind of companies that are going to succeed going forward and you know I think I think we share that between us >> very much. Uh I'm I'm going to resist the temptation to ask you what will happen to the companies that are not led by researchers uh because I know you won't answer it. But let's then go on to uh the predictions area now and this we are supposed to be talking about the day after AI but let's talk about closing the loop. This the odds that you will get models that will close the loop and be able to you know power themselves if you will because that's the really the crux for the the winner takes all threshold approach. Do you still believe that we are likely to see that or is this going to be much more of a normal technology where followers and catchup can can compete? >> Well, look, I definitely don't think it's going to be a normal technology. So, I mean, there are aspects already that as Dario mentioned that it's already helping with our coding and and some aspects of research. The full closing of the loop though, I think is an unknown. I mean, I think it's possible to do. you may need AGI itself to be able to do that in some domains again where there these domains you know where there's there's more messiness around them it's not so easy to verify your answer very quickly um there's kind of MP hard domains so as soon as you start getting more and you know I also include by the way for AGI physical AI robotics working all of these kind of things and then you've got you know hardware in the loop uh that may uh limit how fast the self-improvement systems can work but I think in coding and mathematics and these kind areas. I can definitely see that working. And then the question is more theoretical one is what is the limit of engineering and maths uh to solve uh the natural sciences. Daria, you um last year, I think it was last year that you published Machines of Love and Grace um which was a very I would say upbeat essay about the potential that that you were going to see unfold and you were talking about you know a a what was it a genius of data at country data center I'm told that you are working on an update to this a new essay so you know wait for it guys it's not out yet but it is coming out but perhaps you can give us a sort of a sneak preview of what a year later your big take is going to be.
>> Yes. So, you know, my take my take has not changed. It has always been my view that, you know, AI is going to be incredibly powerful. I think Demis and I, you know, kind of agree on that. It's just a question of exactly when. Um, uh, and because it's incredibly powerful, it will do all these wonderful things like the ones I talked about in Machines of Loving Grace. It, you know, will help us cure cancer. It may help us to eradicate tropical diseases. It will help us understand understand the universe. but that there are these, you know, immense and grave risks that, you know, not that we can't address them. I'm not a doomer, but but that, you know, we we we we we need to think about them and we need to address them. And I wrote Machines of Loving Grace first. I' I'd love to give some uh a sophisticated reason why I wrote that first, but it was just that the the positive essay was easier and more fun to write than than the negative essay. Um, so, you know, I finally spent some time on vacation and I was able to write an essay about the risks. Even when I'm writing about the risks, um, I I I try, you know, I I I'm like an optimistic person, right? So, even as I'm writing about these risks, I I I wrote about it in a way that was like, how do we overcome these risks? How do we have a battle plan to fight them? And and and the way I the way I framed it was, you know, there's this scene from Carl Sean's Contact, the movie version of it, where, you know, they they kind of discover alien life and this international panel that's like interviewing um uh you know, people to, you know, to be humanity's representative to meet the alien. Um uh and uh one one of the questions they ask one of the candidates is, you know, if you could ask the aliens any one question, what it would what what what would it be? And one of one of the characters says,"I would ask,"How did you do it? How did you manage to get through this technological adolescence without destroying yourselves? How did you make it through?" And and and ever since I saw it, it was like 20 years ago, I think I saw that movie. It's kind of stuck with me. And that that's the frame that I use, which is which is that, you know, we we're we're we are knocking on the door of these incredible capabilities, right? the the ability to build basically machines out of sand, right? I think I think it was inevitable that the instant we started working with fire. Um uh but but how we handle it is is not inevitable. And so I think the next few years we're going to be dealing with, you know, how do we keep these systems under control that are highly autonomous and smarter than any human? How do we make sure that individuals don't misuse them? Right? I have worries about things like bioteterrorism. How do we make sure that nation states don't misuse them? That's why I've been so concerned about, you know, the CCP, other authoritarian authoritarian governments. What are the economic impacts? Right? I've talked about labor displacement a lot. And and you know, what what haven't we thought of which which in many cases, you know, maybe may be the the hardest thing to deal with at all. Um, so, you know, I I'm I'm thinking through how to address those risks. you know, for for each of these, it's a mixture of things that we individually need to do as as leaders of the of of of the companies and that we can do working together. And then there there's going to need to be some role for wider societal institutions like the like the government in in in addressing all of these. But, you know, I I I just feel this urgency that, you know, every day, you know, there's there's all kinds of crazy stuff going on in the outside world, outside AI, right? Um but but you know my my my view is this is happening so fast and is such a crisis we should be devoting almost all of our effort to thinking about how to get through this. >> So I can't decide whether I'm more surprised that you a take a vacation b when you take a vacation you think about the risks of AI and c that your essay is framed in terms of are we going to get through the technological adolescence of this technology without destroying ourselves. So, I'm my head is slightly spinning, but you then and I can't wait to read it, but you you you mentioned several areas that can guide the rest of our conversation. Let's start with jobs um because you actually have been very outspoken about that and I think you said that half of entry- level white collar jobs could be gone within the next one to five years. But I'm going to turn to you Demis because so far we haven't actually seen any discernable impact on the labor market. Um, yes, unemployment has ticked up in the US, but all of the kind of economic studies I've looked at and that we've written about suggest that this is overhiring post pandemic that it's really not AIdriven. If anything, people are hiring to build out AI capability. Do you think that this will be as you know economists have always argued that it's not a lump of labor fallacy that actually there will be new jobs created because so far the evidence seems to suggest that. Yeah, I mean I I think in um the near term that is what will happen. The kind of normal evolution when a breakthrough technology arrives. So some jobs will get disrupted but I think new even more valuable perhaps more meaningful jobs will get created. Um I think we're going to see this year the beginnings of maybe impacting the junior level entry level child of jobs internships this type of thing. And I think there is some evidence I can feel that ourselves maybe like a slowdown in hiring in that. But I think that can be more than compensated by the fact there are these amazing creative tools out there pretty much available for everyone uh almost for free that if you know I was to talk to a class of undergrads right now I would be telling them to get really unbelievably proficient with these tools. I think to the extent that even those of us building it, we're so busy building it, it's hard to have also time to really explore the almost the capability overhang even today's models and products have let alone tomorrow's and I think that uh can be maybe better than a traditional internship would have been in terms of you sort of leaprogging uh yourself to be useful uh in a useful in a profession. So I think there's that's what I see happening probably in the next five years. Um maybe we again slightly differ on time scales on that but I think what happens after AGI arrives that's a different question cuz I think really we would be in uncharted territory at that point.
>> Do you think it's going to take longer than you thought last year when you said half of all white >> colors? I have about the same view. I I actually agree with you and with Demis that at the time I made the comment there was no impact on the labor market. I wasn't saying there was an impact on the labor market at that moment. Um, you know, now I think maybe we're starting to see just just the little beginnings of it, you know, in software in coding. I even see it within within anthropic where, you know, I you know, I can look forward I can kind of look forward to a time where on the more junior end and then on the more on the more on the more on the more intermediate end, we actually need less and not more people.
And you know, we're thinking about how to deal with that within anthropic in a in a in a you know, sense in a sensible way. Um I, you know, one to five years as of six months ago, I would stick with that. You know, if you kind of, you know, connect this to what I said before, which is, you know, we we might have AI that's better than humans at at everything in, you know, maybe one to two years, maybe a little longer than that. The those don't seem to line up. The reason is that there's this there's this lag and there's this replacement thing, right? I I know the labor market is adaptable, right? Just like you know 80% of people used to do farming you know farming got automated and then they became factory workers and then knowledge workers. So you know there is some level of adaptability here as well right we should be economically sophisticated about how the labor market works but my worry is as this exponential keeps compounding and I don't think it's going to take that long again somewhere between between a year and five years it will overwhelm our ability to adapt. I think I may be saying the same thing Demis is just factored out of that that difference we have about timelines which I think ultimately comes down to how how fast you close the loop on CO.
>> How much confidence do you have that governments get the scale of this and have are beginning to think about what policy responses they need to have? >> I don't think that that that it's anywhere near enough work going on about this. I'm I'm constantly surprised even when I meet economists at places like this that they're not more of uh professional economist professors thinking about what happens um and not just sort of on the way to AGI but um uh even if we get all the technical things right that Dario was talking about and the job displacement is one question we're worried about the economics of that but maybe there are ways to distribute this new productivity this new wealth more fairly I don't know if we have the right institutions to do that but that's what should happen at that point there should be you know we maybe in a post scarcity world. But then there are even the things that keep me up right now. There are even bigger questions than that at that point to do with meaning and um purpose and a lot of the things that we get from our jobs not just economically. That's one question. But I think that may be easier to solve strangely than uh what happens to the human condition and humanity as a whole. And I think I'm also optimistic we'll come up with new answers there. We do a lot of things today um from extreme sports to art that aren't necessarily directly to do with economic gain. So I think we will find uh meaning and maybe there'll be even more sort of sophisticated versions of those activities. Um plus I think we'll be exploring the stars. So there'll be all of that to to factor in as well for in terms of purpose. But I think it's really worth thinking now even on my timelines of like five to 10 years away that isn't a lot of time uh before this comes. How big do you think is the risk of a popular backlash against AI that will somehow kind of cause governments to do what from your perspective might be stupid things? Because I'm just thinking back to the era of, you know, globalization in the 1990s when when there was indeed some displacement of jobs. Governments didn't do enough. The public backlash was such that we've ended up sort of where we are now. uh do you think that there is a risk that there will be a growing antipathy towards what you are doing and your companies in the kind of body politic? >> Um I think there's definitely a risk. I think um I think that's kind of reasonable. There's fear and there's worries about these things like jobs and livelihoods. Um I think there's a couple of things that I mean it's going to be very complicated the next few years I think geopolitically but also the various factors here like we want to and we're trying to do this with AlphaFold and our science work and isomeorphic our spinout company solve all disease cure diseases come up with new energy sources I think as a society it's clear we'd want that I think maybe the balance of what the industry is doing is not enough balance towards those types of activities I think we should have a lot more examples I know Dary agrees with me of like alpha fold like things that help sort of unequivocal good in the world and I think actually it's incumbent on the industry and and all of us leading players to show that more demonstrate that not just talk about it but demonstrate that um and but then it's going to come with these other intendent disruptions and um but I don't I think the other issue is the geopolitical competition there's obviously competition between the companies but also US and China primarily so unless there's an international cooperation or or understanding around this um uh which I think would be good actually in terms things like minimum safety standards for deployment. I think Dario would agree on that as well. I think it's vitally needed. This technology is going to be crossborder. It's going to affect everyone. It's going to affect all of humanity. Um actually contact is one of my favorite films as well. So funny enough, I didn't realize it was yours too, Dario. But I I think um um you know those kind of things need to be worked through. Um and and if we can maybe it would be good to have a bit of slow a slightly slower pace than we're currently predicting even my timelines so that we can get this right society but it that would require some coordination that is I prefer your timelines. Yes, I think I battle concede.







