This is my lecture from 2 months ago at @Cornell “How do I increase my output?” One natural answer is "I will just work a few more hours." Working longer can help, but eventually you hit a physical limit. A better question is, “How do I increase my output without increasing input as much?” That is leverage. We hear “leverage” so often that its implication is easy to overlook. My personal favorite categorization of leverage is by Naval Ravikant: human labor, capital, and code / media. Each has powered major waves of wealth creation in history. However, once a leverage source becomes popular (think YouTube channels today versus ten years ago) competition compresses the margin. So when a new leverage appears, it’s a rare chance for outsized gains. In this talk, I describe AI as that emerging leverage. An AI agent blends labor leverage (it does work for you and is permissionless) with code leverage (you can copy-and-paste it). It’s cliché to say AI will create massive wealth. But using this leverage lens lets us interpret the noisy AI news cycle in a consistent way and spot the real opportunities. Thanks @unsojo for hosting me!