Few understand both the promise and limitations of artificial general intelligence better than Jack Clark, co-founder of Anthropic. With a background in journalism and the humanities that sets him apart in Silicon Valley, Clark offers a refreshingly sober assessment of AI's economic impact—predicting growth of 3-5% rather than the 20-30% touted by techno-optimists—based on his firsthand experience of repeatedly underestimating AI progress while still recognizing the physical world's resistance to digital transformation. In this conversation, Jack and Tyler explore which parts of the economy AGI will affect last, where AI will encounter the strongest legal obstacles, the prospect of AI teddy bears, what AI means for the economics of journalism, how competitive the LLM sector will become, why he’s relatively bearish on AI-fueled economic growth, how AI will change American cities, what we'll do with abundant compute, how the law should handle autonomous AI agents, whether we’re entering the age of manager nerds, AI consciousness, when we'll be able to speak directly to dolphins, AI and national sovereignty,  how the UK and Singapore might position themselves as AI hubs, what Clark hopes to learn next, and much more. Read a <a href= "https://conversationswithtyler.com/episodes/jack-clark/">full transcript</a> enhanced with helpful links, or watch the <a href="https://youtu.be/U1ZMmKMMHgQ">full video</a>. Recorded March 28th, 2025. Help keep the show ad free by <a href= "https://mercatus.donorsupport.co/page/podcastgift?utm_source=cwt+podcast&utm_medium=podcast&utm_campaign=shownotes"> donating</a> today! Other ways to connect <ul> <li class="p1" style= "font-size: 12pt; font-family: arial, helvetica, sans-serif;"> Follow us on <a href= "https://twitter.com/cowenconvos">X</a> and <a href= "https://www.instagram.com/cowenconvos/?hl=en">Instagram</a></li> <li class="p1" style= "font-size: 12pt; font-family: arial, helvetica, sans-serif;"> Follow <a href="https://twitter.com/tylercowen">Tyler</a> on X</li> <li class="p1" style= "font-size: 12pt; font-family: arial, helvetica, sans-serif;"> Follow <a href="https://x.com/jackclarkSF">Jack</a> on X</li> <li style= "font-size: 12pt; font-family: arial, helvetica, sans-serif;"> <a class="c-link" href="https://mercatus.tfaforms.net/5060931" target="_blank" rel= "noopener" data-stringify-link="https://www.tfaforms.com/5060931" data-sk="tooltip_parent">Sign up for our newsletter</a></li> <li style= "font-size: 12pt; font-family: arial, helvetica, sans-serif;"> Join our <a href= "https://discord.gg/JAVWP7vTxt">Discord</a></li> <li class="p1" style= "font-size: 12pt; font-family: arial, helvetica, sans-serif;"> Email us: <a class="c-link" tabindex="-1" href= "mailto:cowenconvos@mercatus.gmu.edu" target="_blank" rel= "noopener noreferrer" data-stringify-link= "mailto:cowenconvos@mercatus.gmu.edu" data-sk="tooltip_parent" aria-haspopup="menu" aria-expanded="false" data-remove-tab-index= "true">cowenconvos@mercatus.gmu.edu</a></li> <li class="p1" style= "font-size: 12pt; font-family: arial, helvetica, sans-serif;"> Learn more about Conversations with Tyler and other Mercatus Center podcasts <a href= "https://www.mercatus.org/podcasts">here</a>.</li> </ul>

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