Capital buys AI to solve the principal-agent problem, argues RexDouglass
RexDouglass · x · 2026-09-25
RexDouglass argues capital is primarily paying for solutions to the intractable principal-agent problem: AI "boxes" replace people because they predictably follow instructions and don't culturally reorganize their jobs.
He adds that capital carries risk preferences — putting $10M into improving a controllable box beats sponsoring unpredictable people.
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