How Economies Survive After AI Wins - with Daniel Schreiber

**SPEAKER_2** (0:04)
You are listening to an Ark Media podcast.

**Dan Senor** (0:09)
Hi, this is Dan. Today I want to share with you a great and engaging episode that aired earlier this week on Ark Media's What's Your Number podcast, which is another podcast in the Ark Media family, along with Call Me Back.
What's Your Number focuses on Israeli tech, business and the economy. Yael and Yonatan interviewed Daniel Schreiber, who's based in Israel and is the co-founder and CEO of Lemonade, one of Israel's best known AI companies. But Daniel is also the chairman of Mosaic, which is an Israeli think tank focused on studying and crafting policies around artificial intelligence. In this episode, Daniel discusses the potential economic dangers of artificial intelligence like large-scale job displacement, a topic that is very foremost on people's minds these days, but also highlights the radical opportunities that AI offers in terms of productivity. His work at Mosaic in figuring out how to navigate these tensions draws on historical references and he also has a wealth of knowledge, which made this conversation, in my view, a must-listen, even if you don't agree with all of his prescriptions. I hope you'll find it as valuable as I did. And if you enjoyed it, I encourage you to follow What's Your Number wherever you catch your podcasts. Without further ado, here's Daniel Schreiber on What's Your Number.

**Yonatan Adiri** (1:35)
All right, guys, I am super excited to have Daniel Schreiber with us. Throughout my journey, Daniel has been an incredible inspiration on thinking big and being able to tell a global story when you build a company that is trying to break the path for other companies. We did it in health care, other companies did it in so many different parts of the ecosystem and Daniel was always there.

**Yael Wissner-Levy** (1:56)
On his other hat, besides Lemonade, which we talked about a bit earlier, he's also the founder and chairman of the Mosaic Institute for AI Policy. It's a nonprofit here in Israel that he established to ensure that AI is going to contribute to the prosperity of Israeli society as a whole and not just for a selected few. And Yonatan, you and I and the team here got a sneak peek at the model that Mosaic is going to be publishing very soon. Daniel, welcome to the show.

**Daniel Schreiber** (2:23)
Gosh, guys, with that level of expectations, I can but disappoint. Great to be with you both. Thank you for having me on the show.

**Yonatan Adiri** (2:30)
Daniel, so you're a busy guy. You're leading a publicly traded company that almost doubled its market cap last year. Why did you decide to invest in developing this in-depth survival guide for societies that are going to deal with these aliens that have landed and are willing to work for free? What was the impetus? Or what got you focused on that?

**Daniel Schreiber** (2:50)
So the two are related. My work at Lemonade has been predicated on the power of AI really since the founding of the company 10 years ago. So the very first slide that I showed our management team and our board at the very first board meeting spoke about artificial intelligence rather than artificial delays. Kind of a playful insurance kind of joke or whatever. But it really was. It was this notion that we are going to build a company based on artificial intelligence. And in those early days, that's pre-LLMs, but machine learning, deep learning, other forms of AI were already fairly well advanced. I push us to adopt these technologies. I'm in the thrall of these technologies, thrilled by their power. Everything that drew me to technology and entrepreneurship is manifested in AI. So I'm unapologetically and not in any way hesitant in terms of pushing for the adoption of artificial intelligence.
I say all of that as a CEO of a public company. But there's more to us than that one dimension. I'm also a citizen of the country, and I'm a father to three boys who are entering the workforce, and I have two grandchildren, and so my topics that pre-occupy me go beyond the success of LM&D. They're the very things that I'm seeing as so transformative, and forces for the fulfilment of our vision at Lemonade. Those very same forces put some pretty big question marks about the future of labour in general. Just to give you a couple of stats over the course of the last three years, really since LLMs hit the scene, Lemonade has almost tripled its revenue. Our gross profit has fully 10x'd. We've added well over a million, maybe a million and a quarter customers, but our workforce has actually shrunk during that time. So as I say, in my capacity as a CEO, that just brings a smile to my face, and in other capacities, it says, we need to think about how this makes life better for everybody.