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Here are just a few of the dizzying predictions Emad Mostaque makes in today's episode: "I think it's a good idea to borrow as much as you can right now because the entire economy is going to shift — you probably won't have to repay it." "Within a thousand days, the nature of your job will become economically irrelevant if you work in anything on the other side of a screen." "I don't think the big AI companies are going to survive the next few years." Emad co-founded Stability AI, the company behind the text-to-image generator Stable Diffusion, and he now runs Intelligent Internet, which builds open-source AI models. In his new book, "The Last Economy," he argues that AI is about to make human intellect so cheap and abundant that the entire economic order — work, money, meaning — will crack apart. And he thinks this will take place within a thousand days. In this episode, he and Rufus talk about what happens if we sleepwalk into this, and what's possible if we don't. Timestamps: 00:00 Intro 01:09 The Last Economy Thesis 02:08 From Hedge Funds to Stability AI 04:20 Competent Intelligence and Agents 05:57 Hard Takeoff and Agency Risks 07:16 Software Becomes a Prompt 09:01 Breakthroughs and Asking Questions 13:14 Humans Turn into a Liability 14:45 Ultra Fast Chips and Robot Labor 18:30 Intelligence Goes to Zero Cost 20:37 Personal Strategy and Abundance 31:00 AI First Companies Replace Margins 35:05 Why Economics Breaks Down 37:38 UBI To Fight Deflation 38:39 Jobs Vanish In Automation 39:46 Why AI Dividends Fail 41:39 State Champion Sovereign AI 44:41 Commoditization And Overbuild 46:35 Misalignment And Swarm Risk 51:10 Parallel Path To Governance 53:53 Personal AI And Trust 55:58 Sponsor Break 59:01 Three Futures For AI 01:01:30 Onchain Utilities And Coin 01:05:40 Currency Skepticism Answered 01:07:49 Against The Merge Mindset 01:12:17 Great Reversal To Local Life 01:14:26 Building Meaning Together Sponsored By: Fabric — Join the thousands of parents who trust Fabric to help protect their family at https://www.meetfabric.com/nbi Shopify — Start your $1/month trial at https://shopify.com/nbi Granola — Get three months free at https://granola.ai/idea Bitdefender — Get 30% off your plan at https://www.bitdefender.com/idea *** 📩 Transform your day in 10 minutes. Enjoy daily, bite‑sized insights from breakthrough nonfiction books—audio or text—straight from the authors. Trusted by 90K+ learners, our editors choose only the books that matter. 🔗 https://bookoftheday.nextbigideaclub.... 💡Discover the books that matter with the Next Big Idea Club. Curated by Adam Grant, Malcolm Gladwell, Susan Cain, and Daniel Pink. Beyond just reading, the Next Big Idea Club is a journey. It’s where thought leaders converge, where ideas transform into action, and where books become a gateway to a brighter future. ✨JOIN US✨ https://www.nextbigideaclub.com 🗣️FIND YOUR NEXT READ🗣️ – Listen to thousands of audio insights (by the authors) in the Next Big Idea App Apple App Store: https://apps.apple.com/us/app/next-bi... Google Play: https://play.google.com/store/apps/de... OUR CURATORS 💡 Malcolm Gladwell: Renowned journalist, author, and speaker. 💡 Susan Cain: TED speaker, introvert advocate, bestselling author. 💡 Adam Grant: Noted psychologist, author, and Wharton School professor. 💡 Daniel Pink: Expert author on business, work, and behavior. If you enjoy the content on our official YouTube channel, please like, subscribe, and thank you for watching! CONNECT WITH US Next Big Idea Podcast: https://pod.link/nextbigidea LinkedIn: / 10026818 Twitter: / nextbigideaclub Instagram: / nextbigideaclub Facebook: / nextbigideaclub Contact: info@nextbigideaclub.com Subscribe for more insights: https://www.youtube.com/NextBigIdeaCl... #NextBigIdeaClub