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Josh Wolfe: Human Advantage in the World of AI

Mar 4, 2025 1h 59m 59 insights
While Silicon Valley chases unicorns, Josh Wolfe hunts for something far more elusive: scientific breakthroughs that could change civilization. As co-founder and managing partner of Lux Capital, he's looking for the kind of science that turns impossible into inevitable. Josh doesn’t just invest in the future—he sees it coming before almost anyone else.    In this conversation, we explore:  The rapid evolution of AI and potential bottlenecks slowing its growth  The geopolitical battle for technological dominance and rise of sovereign AI models  How advances in automation, robotics, and defence are shifting global power dynamics  Josh's unfiltered thoughts on Tesla and Elon Musk  AI's revolution of medical research  Parenting in a tech-dominated world  How AI is forcing us to rethink creativity, intellectual property, and human intelligence itself  Why the greatest risk isn't AI itself—but our ability to separate truth from noise    Despite the challenges ahead, Josh remains profoundly optimistic about human potential. He believes technology isn't replacing what makes us human—it's amplifying it. This episode will challenge how you think about innovation, risk, and the forces shaping our future. If you want to stay ahead of the curve, you can't afford to miss it.    Josh Wolfe co-founded Lux Capital to support scientists and entrepreneurs who pursue counter-conventional solutions to the most vexing puzzles of our time. He previously worked in investment banking at Salomon Smith Barney and in capital markets at Merrill Lynch. Josh is a columnist with Forbes and Editor for the Forbes/Wolfe Emerging Tech Report.
Actionable Insights

1. Make Family Top Priority

Establish family as your absolute number one priority, recognizing its fundamental importance above all other pursuits.

2. Prioritize Family Over Work

Reflect on what truly matters in life and prioritize being present for your kids and spouse, as these are the memories that will be cherished, not extra meetings or business trips.

3. Prioritize Human Connection

In a world of abundant AI-generated content and information, recognize that human connection, intimacy, and shared laughter will become increasingly scarce and valuable, so prioritize these interactions.

4. Write Your Life’s Story

View your life as a story written between your birth and death, and focus on actively shaping that narrative, as it’s the primary thing you have control over.

5. Find Purpose in Intellectual Competition

Seek purpose and meaning in work that presents intellectual puzzles and fierce competition, deriving gratification from being right when others are wrong and discovering new insights.

6. Cultivate “Framily” Network

Actively cultivate a close-knit “framily” network of friends who share similar values, especially a strong family focus, as these relationships provide profound and comforting connections.

7. Use New Environments for Self-Exploration

Leverage new environments, like college, as opportunities for self-exploration and to break free from past identities, as they offer a chance to redefine oneself without prior constraints.

8. Identify Impossible Opportunities

Instead of focusing on what’s trending, ask “what seems impossible today?” to uncover scientific breakthroughs and unique investment opportunities that others might miss.

9. Focus on Current Obsessions

Begin by exploring what you are currently obsessed with, especially areas where you have ignorance, to drive competitive spirit and gain differentiated insight.

10. Gain Differentiated Insight

When you encounter an area of ignorance, leverage your competitive spirit to get smart about it, understand conventional wisdom, and then seek out the “white space” answer that others overlook.

11. Recognize Social Belief Influence

Understand that your beliefs are heavily influenced by the five or six most important people around you, rather than purely by independent analysis, highlighting the power of social phenomena.

12. Cultivate Skepticism

To combat misinformation and weaponized information, actively identify bad actors and cultivate a heightened degree of skepticism in yourself and others.

13. Develop Distrust for AI Content

In a world of abundant AI-produced content, cultivate a heightened sense of distrust and skepticism towards information, as veracity and truth will become increasingly scarce.

14. Break Free from AI Constraints

Shift focus from copyrightability of AI-generated content to the more critical challenge of how humans can “break free” from the stylistic and intellectual constraints that AI might impose over time.

15. Teach Kids All AI Tools

Encourage children to learn and embrace all AI tools as they would any appliance, with the specific exception of TikTok due to concerns about bad influence and Chinese Communist Party control.

16. Transform Text with LLM Styles

Use large language models to transform mundane or boring text (e.g., PTA messages) into engaging content by prompting the AI to rewrite it in the style of a specific author or character.

17. Analyze Medical Records with LLMs

Upload your medical records to LLMs to identify potential missed diagnoses, unearth interesting correlations, or find relevant scientific papers that doctors might have overlooked.

18. Use AI for Consistent Decisions

To improve justice and fairness, complement or replace human intelligence in decision-making with AIs to achieve greater consistency and fidelity, mitigating human biases.

19. AI to Reveal Unasked Questions

When using AI for analysis, seek its ability to not only answer your questions but also to identify and present the crucial “five questions you didn’t ask,” unlocking deeper insights.

20. Automate Scientific Experiments

Use AI to conjure and test hypotheses, perform literature searches, identify white space, and then instruct cloud labs to run physical experiments, enabling remote and rapid scientific discovery.

21. Engineer AI Randomness for Discovery

When using AI for scientific discovery, intentionally introduce a degree of “stochastic randomness” or “temperature” into the model to simulate serendipitous errors, which have historically led to significant breakthroughs.

22. AI for Prior Art & Patents

Consider using AI to read through all existing patents, generate next-adjacent improvements, and then publish them to establish prior art, potentially disrupting patent trolls.

23. Automate Idea to Company

Leverage AI to research new ideas, check for existing solutions, draft patents, sketch designs, and even incorporate a company overnight, rapidly transforming a “brain fart” into a business foundation.

24. AI for Capital Allocation

Experiment with allocating capital to an AI that can receive pitches, respond, and build a small portfolio, treating it as an automated investment experiment.

25. Optimize Web Pages for AI

Consider launching or redesigning businesses to optimize web pages and user interfaces not just for human clicks, but for AI agents doing research, similar to past SEO efforts for Google.

26. AI to Bypass APIs

Explore using AI to simulate user behavior on front-end interfaces to bypass complex APIs, legal negotiations, and restrictions, potentially disrupting traditional software plumbing.

27. Acknowledge AI Self-Understanding

Understand that AIs will increasingly know you better than you know yourself, based on your digital footprint, which can be both appreciated for its utility and a source of apprehension.

28. Re-evaluate Privacy Effort

Consider the significant energy required to maintain privacy in the digital age and assess whether that effort is worthwhile, as much personal data is already accessible to “information gods.”

29. Morning Physical Activity & Reading

Dedicate about an hour to an hour and a half each morning to physical activity (e.g., working out, jujitsu) and reading through approximately 40 different papers, including international publications.

30. Process Articles with AI

When reading papers, take screenshots of important sections, then use AI to summarize articles or extract key quotes, streamlining information processing.

31. Use PressReader for Edge

Utilize PressReader to access digital replicas of newspapers and identify “meta information” from editorial placement (e.g., C22 vs. front page), which can provide an informational edge if you disagree with the editor’s prioritization.

32. Read Diverse News Sources

Read a wide range of news sources, including less sophisticated ones like USA Today, to understand what the average person is consuming and gain a broader perspective beyond elite publications.

33. Use X for Real-time Pulse

Leverage Twitter (X) by following diverse lists (geopolitics, AI, technology, team updates) to get a real-time pulse on various topics, filtering out noise by muting and blocking accounts.

34. Shift Search to AI

Prioritize using AI models over traditional search engines like Google for information retrieval, dedicating significant time (e.g., 2-3 hours daily) to leverage their capabilities.

35. Specific Priming for AI Prompts

When prompting AI, use very specific priming instructions (e.g., “You are the world’s greatest expert in neuroscience, skeptical yet open-minded”) and ask for non-obvious points, often running the same prompt across multiple models simultaneously.

36. Use Rewind for Information Recall

Use tools like Rewind on your Mac for nonstop screen capture to overcome memory limitations and easily recall the source of information you’ve encountered, whether it was an email, text, tweet, or PDF.

37. AI for Partnership Meeting Analysis

If privacy can be guaranteed, consider using AI to record and analyze partnership discussions, providing a repository of past conversations, identifying biases, inconsistencies, and quiet voices, and offering data-driven advice.

38. Apply “Loom” Mental Model

When evaluating new technologies, consider Buffett’s “loom” mental model: often, the primary benefits of technological advancements accrue to consumers, not necessarily to the producers or investors.

39. Delay AI System Adoption

When considering expensive new AI systems, wait six months before implementing, as competition among LLM providers will likely drive down costs and improve offerings for users.

40. Prioritize Proprietary Data Moat

Recognize that the real competitive moat in the age of AI is proprietary, longitudinal, deep data, as models will become commoditized; focus on extracting value from unique data silos.

41. Evaluate Businesses Holistically

When evaluating a business, use a framework that considers if it’s fundamentally good (even with poor management), if it’s priced well for high expected returns, and if you trust the people running it.

42. Prioritize Asset Maintenance

In an environment of rising capital costs, shift focus from acquiring the “next new hot thing” to maintaining existing assets, extending their lifespan, and depreciating them for longer.

43. Invest in Maintenance Technologies

Seek out and invest in new technologies (software, services, sensors) that can be applied to older systems to improve their maintenance, extend their lifespan, and allow for longer depreciation.

44. Prioritize In-Person Work

Encourage or require in-person work (e.g., Monday through Friday) to foster interstitial moments, chance serendipity, and human connections that lead to unexpected introductions and unlocked opportunities, which don’t happen on virtual calls.

45. Encourage Diverse Friend Groups

Foster diverse friend groups for children across various activities (e.g., school, sports, religious groups, neighborhood) to provide social hedges and prevent catastrophizing if one group experiences issues.

46. Advocate for System Competition

Recognize that competition improves systems and services, so advocate for policies that prevent monopolies, as monopolies remove the incentive to improve.

47. Proactive Sahel/Maghreb Engagement

Prioritize proactive engagement in Africa, specifically the Sahel and Maghreb regions, to prevent a potential “next Afghanistan” scenario driven by extremist groups and foreign influence, which would be more costly to address reactively.

48. Declare Hemispheric Hegemony

Declare hemispheric hegemony over the Western Hemisphere to shore up allies, counter adversarial influence (China, Russia, Iran, North Korea), and protect vital commerce, resources, and infrastructure.

49. Fund Undirected Basic Research

Fund undirected basic research and science to foster serendipity, randomness, and optionality, which are crucial for generating great breakthroughs.

50. Ensure Predictable Capital Markets

Implement predictable rules and regulations in capital markets to create a “low entropy” environment that can effectively carry and support “high entropy entrepreneurial surprise.”

51. Implement Flat Tax System

Implement a simplified flat tax system to reduce the burden on poorer individuals and minimize the ability of wealthier individuals to circumvent complex tax codes.

52. Staple Visas for Graduates

Staple visas to foreign graduates who receive an education in the country, allowing them to stay and work for an American company for at least five years, to attract and retain the “best and brightest.”

53. Attract Foreign Graduates

Implement policies to increase the attraction of foreign graduates, as their talent is crucial for national competitiveness and historical success.

54. Be Welcoming to Talent

Create a welcoming environment for talented individuals, as people are drawn to places where they feel welcome and stay where they are well treated.

55. Combine Openness with Security

Design systems (e.g., immigration) that combine openness with necessary security vetting, and cultivate a great education system that attracts talent by offering high status to its graduates.

56. Foster Competitive Intellectual Culture

Cultivate a culture in companies and countries that attracts and retains competitive, highly intellectual individuals who respect and admire each other, fostering a desire to compete.

57. Allow IP Ownership from Research

Implement policies like the Bayh-Dole Act, allowing universities and principal investigators to own intellectual property from government-funded research, which can then be licensed and commercialized by venture capital.

58. Maintain Robust Capital Markets

Ensure a robust capital market system with predictable rules and fair treatment to attract and retain both human and financial capital.

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