The most immediate AI milestone is not singularity, but "Economic AGI," where AI can perform most virtual knowledge work better than humans. This threshold, predicted to arrive within 12-18 months, will trigger massive societal and economic shifts long before a "Terminator"-style superintelligence becomes a reality.

The democratization of technology via AI shifts the entrepreneurial goalpost. Instead of focusing on creating a handful of billion-dollar "unicorns," the more impactful ambition is to empower millions of people to each build a million-dollar "donkey corn" business, truly broadening economic opportunity.

Instead of a single "AGI" event, AI progress is better understood in three stages. We're in the "powerful tools" era. The next is "powerful agents" that act autonomously. The final stage, "autonomous organizations" that outcompete human-led ones, is much further off due to capability "spikiness."

If AI were perfect, it would simply replace tasks. Because it is imperfect and requires nuanced interaction, it creates demand for skilled professionals who can prompt, verify, and creatively apply it. This turns AI's limitations into a tool that requires and rewards human proficiency.

The narrative of AI destroying jobs misses a key point: AI allows companies to 'hire software for a dollar' for tasks that were never economical to assign to humans. This will unlock new services and expand the economy, creating demand in areas that previously didn't exist.

Elias Torres argues that the current AI paradigm, which focuses on tools that assist humans (e.g., summarizers, drafters), is fundamentally limited. He believes true value is unlocked when you can instruct an AI to perform a task *infinitely* on its own, without requiring a human to type into a chat box for every action.

AI will handle most routine tasks, reducing the number of average 'doers'. Those remaining will be either the absolute best in their craft or individuals leveraging AI for superhuman productivity. Everyone else must shift to 'director' roles, focusing on strategy, orchestration, and interpreting AI output.

Capitalism values scarcity. AI's core disruption is not just automating tasks, but making human-like intellectual labor so abundant that its market value approaches zero. This breaks the fundamental economic loop of trading scarce labor for wages.

Beyond automating tasks, Emad Mostaque's "Intelligence Theory" suggests AI's deepest impact is shifting the foundational axiom of economics. Instead of scarcity, the new core principle is persistence: how complex systems (like firms or AIs) maintain themselves by accurately modeling and predicting reality.