You're Being Lied to About AI: The Real Revolution in Intelligence and Work

How artificial intelligence is reshaping industries from the ground up—and why legacy systems can't keep up.

AI isn't just a buzzword; it's the force that's already transforming how businesses operate, scale, and compete. In sectors like insurance, companies built on AI foundations are achieving unprecedented efficiency, while traditional players struggle with outdated data and processes. This edition dives into the mechanics of AI-driven disruption, the operational advantages it unlocks, and the broader societal shifts it demands, including ways to handle mass unemployment through smart redistribution.

Key Takeaways

• AI-first companies capture hundreds of times more data than traditional models, enabling precise risk assessment and real-time adaptations that legacy systems miss.

• Operational leverage from AI allows businesses to triple revenue and add millions of customers without increasing headcount, turning variable costs into fixed ones.

• In auto insurance, telematics and per-mile pricing outperform broad demographic averages, positioning AI-native firms to dominate as self-driving vehicles reduce accidents but increase asset values.

• Future products like humanoid robots will require new insurance models focused on theft and liability, creating opportunities for data-driven providers.

• AI's acceleration means years of work could soon happen in weeks, widening gaps between adaptable companies and rigid incumbents.

• Mass unemployment from AI could create surplus rather than scarcity, but requires mechanisms like negative income tax and ring-fenced sales taxes to redistribute abundance.

• Without ensuring everyone benefits, AI adoption risks backlash; enlightened policies can make post-AI lives better for all, fostering abundance over inequality.