“They all say… it can't just be driven by profit maximization. We have to have a charter that if we get to dangerous thresholds, we can exercise judgment that would be against profit maximization”

Bill Gates · The Ezra Klein Show · Bill Gates’s Blunt Warning on A.I.

Play from 10:06
10:06

Audio streams from the publisher’s own feed. Verbatim does not host or copy it.

What was described

set a policy that AI systems should not be driven solely by profit maximization and that companies must have a charter to exercise judgment against profit when dangerous thresholds are reached

Said nearby on the same subject

“Sole trader is the cheapest and easiest way of setting up... the tipping point ... profit of around $100,000 because that's when the 25% tax rate starts being more beneficial.”
DE
Dave Ebdon
The Quiet Operator ·
Pricing $50 for a year business name, $120 for three years, profit threshold $… Share this moment
“We have now integrated with profitable PPOs… to make sure you’re maximizing the opportunities there and minimizing the write-offs”
♫
Said on The Best Practices Show with Kirk Behrendt
“If companies have sales overshoots or undershoots, a very high incremental margin relative to a lower stated margin can cause a big profit beat or a big profit loss.”
♫
Said on In Good Company with Nicolai Tangen
Why it worked Share this moment
“We have something called the 12 profit levers ... almost every business has one profit lever ... bleeding money”
CS
Cody Sanchez
Motley Fool Hidden Gems Investing ·
How they work Share this moment

Moments like this, every Monday

The strongest new moments on your topics, in the speakers' own words. Free for three topics.

No card. No password. One-click unsubscribe.

Track a competitor?

Pro watches up to 25 names or phrases and emails you the morning after they are said.

See Pro, $29 a month

Verbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.