Jaynit

In 2014, Peter Thiel gave a 1-hour masterclass on how to build a monopoly from scratch.

He broke down how:
• Google became untouchable
• PayPal beat the odds
• Facebook crushed competition

Here are 11 timeless lessons from his masterclass:

1. Create value, then capture it

Elon Musk says humans are the biological bootloader for digital superintelligence

Peter Diamandis: "Human intelligence all of a sudden asymptotically falls to 0% on the planet"

Elon Musk: "Yeah. Pretty much"

"Several years ago I said humans are the biological bootloader for digital superintelligence. The silicon circuit can't evolve in a salt pond, you know? So you need a bootloader. We're the bootloader"

"We've hopefully been a good bootloader. And it’s nice to us in the future"

Sam Altman admits not taking equity in OpenAI was a mistake

"I think the US has great skepticism of people in power and in particular of like the just enormous power that the tech industry holds"

"I think not taking, not having equity in OpenAI has been a mistake. I did it for what I thought were good reasons, but I think it's just been hugely confusing to people"

"If an artist works super hard on their art project or a sports star like practices super hard and doesn’t make a ton of money from it, no one has like a problem with that"

"It's just weird. And, like, people don't like weird"

Elon Musk reveals why you're already a cyborg

"Ultimately, I think this helps mitigate the civilizational risk of artificial intelligence"

"We already sort of have three layers of thinking: there's the limbic system, which is your instincts, your cortical system, which is your higher level planning and thinking, and then the tertiary layer, which is the computers and machines that you interact with, like your phone"

"So people actually are already a cyborg. And you can maybe have an intuitive sense for this by how much you miss your phone if you leave it behind. Leaving a phone behind, it’s almost like missing limb syndrome"

"I think it's actually very important for us to address that input/output bandwidth constraint in order for the collective will of humanity to match the will of artificial intelligence"

Elon Musk predicts Blindsight will let people see in infrared, ultraviolet and radar, like Geordi La Forge in Star Trek

"Blindsight, which will enable those who have total loss of vision, including if they have lost their eyes or the optic nerve, or maybe have never seen or even blind from birth, to be able to see again"

"So you could be like Geordi La Forge in Star Trek. And you can see in radar, you can see in infrared, ultraviolet, superhuman capabilities, cybernetic enhancement, essentially"

"Initially low resolution, but ultimately very high resolution"

"This should help us understand a lot more about consciousness. What does it mean to be a conscious creature?"