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Home » AGI Is Here – And Society Isn’t Ready: Peter Diamandis (Transcript)

AGI Is Here – And Society Isn’t Ready: Peter Diamandis (Transcript)

Editor’s Note: In this episode, Peter Diamandis joins Tom Bilyeu to discuss why he believes we have officially reached the era of Artificial General Intelligence (AGI). They explore the rapid advancements in AI, its potential to revolutionize healthcare by curing major diseases within a decade, and the economic shift toward a future of “universal high income.” Ultimately, Diamandis encourages viewers to move past fear, embrace these new tools, and focus on leveraging technology to solve the world’s biggest challenges. (June 11, 2026)

TRANSCRIPT:

The Social Contract Is Broken

TOM BILYEU: I just saw on X that you posted that AGI is here, that the benchmark you had set has been crossed.

PETER DIAMANDIS: Yes.

TOM BILYEU: If you’re right, what’s the first thing in society that breaks?

PETER DIAMANDIS: So I already know that the social contract of “do well in high school, get into a good college, get a degree, get a job” is broken. That’s broken. And I think we’ll see the data play that out.

TOM BILYEU: Is that partly because of the state of tech or something?

PETER DIAMANDIS: Yeah, no, no, it’s the state of tech. And I think that that’s generating a lot of fear of “will my kids get a job? Will I keep my job?” And that fear is real. It needs to be addressed.

So I think we’re going to see that. We’re also going to see a significant number of companies that are going to downsize, that will go from 100% employment down to 20% of their employee base using AIs, to enable them to do what they’re doing more effectively, more efficiently.

The countervailing force, and the data is out, is that we’re going to see a lot more startups. We’re going to see a lot more solopreneurs. In fact, in the last quarter, I just reported on this, that the number of solopreneurs in AI businesses and non-AI businesses has doubled, right? So it’s people who lost their jobs and are now saying, “Okay, what do I do?”

And the idea is that we’re living in this post-industrial revolution world in which our schools are teaching our kids to get ready for a company as a line worker, right? And the basic social contract was, “I’m going to go get a job.” And I think there’s a new vision that people can have for themselves, which is, “I’m going to go build something valuable for the world.”

The Fall of Gatekeepers and the Rise of Intelligence on Demand

TOM BILYEU: All right, so one of the things I found interesting about living through the internetification and that revolution — because obviously for the Industrial Revolution, I’m only reading about it in history books, same thing with electrification — but with the actual internet, I lived through that.

PETER DIAMANDIS: Yes, I did.

TOM BILYEU: The big punchline there was that gatekeepers don’t exist anymore. So if you’re really good at a thing, you can reach through that phone. Ultimately, that was when it really took off. You can reach that phone and impact people. And what do you see as being that kind of thing that falls? So there was a structure in society — gatekeepers — that fell. What does intelligence on demand knock over?

PETER DIAMANDIS: What’s fallen is the barrier to starting something. You know, if you wanted to start a company a decade ago, maybe even 5 years ago, you’d have to get the right lawyer, the right accountant. You’d have to get the right engineers to help you build your thing. You’d have to go and do the marketing research to figure out what you wanted, and that cost money.

The startup cost for a new company was in the hundreds of thousands of dollars, and then you’d have to find the team to do that with. And I think that is massively collapsed, right? If you have a problem that you care deeply about that you want to solve, you can do the research in literally milliseconds.

You can build it using AI today — all of the models from Google’s models to Anthropic’s to OpenAI’s models — can help you build a product by you just describing what it is, what you want it to do. You can create the marketing materials, you can spin up the website. And so that barrier to entering into a world as an entrepreneur has massively collapsed.

Purpose Over Profit: Finding Your Niche

TOM BILYEU: As the barrier to entry on filmmaking, news reporting, podcasting — all of that — as that went down, noise absolutely exploded. You have people going into the field, but very few people being able to make a living. When you look at entrepreneurship, do you see something similar where this becomes like the YouTube of companies? You sort of pop in and out of existence. It becomes very ephemeral.

PETER DIAMANDIS: Yeah, sure, there will be that. I warn people, don’t do something that you think is going to make money. Do something you deeply care about, right? Something where it’s in your heart and soul. You wake up with this level of energy and passion that you and I both have.

Find your purpose and find something to build aligned with that purpose, right? I define passion as something you love doing — it could be snowboarding, it could be reading science fiction. Purpose is a passion that you love doing that serves other people.

And if you’re really delivering value, you can create your niche business, right? You can be a barber who wants to open a second chair and market your barbershop better, right? I mean, you don’t need to be going out for venture capital or any of that. So I think the ability for you to reach people and deliver something that is valuable and real and grow from that experience is off the charts.

Jobs Data, Displacement, and Deaths of Despair

TOM BILYEU: All right, I don’t know if you’ve looked at the data, but when you look at the Industrial Revolution, the great electrification, the great internetification — what ends up happening is it creates more jobs than it destroys.