I sat down with Paul Kedrosky - investor, researcher and one of the smartest voices out there on the economics of AI and the risks of a bubble.

Here are a few of the questions we talked about:

• What is a bubble?
• Is AI a bubble?
• How does it compare to past bubbles?
• What would cause the bubble to burst?
• Why should the average person care?
• Will we see a bull market in laser tag in all the abandoned data centres?
• What needs to be true for AI to NOT be a bubble?

More info about Paul

Paul Kedrosky is an investor, writer, and researcher. He has been a regular on-air contributor at CNBC and Bloomberg, and has written for the New York Times, the Wall Street Journal, and publications around the world.

Paul started as an engineer, became a quota-carrying salesperson, then a technology equity analyst on Wall Street, and eventually a venture capitalist. He has started companies, held academic positions in the U.S. and Canada, has a popular newsletter, and is a research fellow at MIT's Institute for the Digital Economy. His Ph.D. research focused on risk, adoption, and path dependence in finance and technology.

Where else you can listen

⁠⁠Youtube⁠⁠ - https://www.youtube.com/@HumansintheLoopPod

Apple podcasts⁠⁠ - https://podcasts.apple.com/us/podcast/humans-in-the-loop/id1831285114

Spotify - https://open.spotify.com/show/4BbslJR0KA5bfqrcYRhJER?si=b5a46211098b4f3e

Or wherever you get your podcasts!

Chapters

00:00 The AI Bubble Debate

06:44 Understanding Bubbles and Their Characteristics

12:04 Historical Context: Railroads and AI

17:51 The Call Option on AI's Future

19:29 The Necessity of Bubbles for Progress

25:31 Consequences of Stranded Assets

26:51 The Dilemma of Data Centers

28:46 The AI Bubble Dynamics

31:20 The Impact of Economic Bubbles on Society

34:06 The Interconnectedness of Global Financial Systems

36:17 Public Sentiment Towards AI and Job Security

38:18 The Fallacy of Technological Inevitability

40:20 Regulatory Challenges in a Globalized Economy

42:50 Predicting the Burst of the AI Bubble

45:37 Market Sentiment and AI Valuations

49:21 The Token Economy and Its Implications

52:28 Possibilities of Change in the Current Landscape

54:57 The Future of Work and Economic Stability

Links

https://paulkedrosky.com/

Get in touch

⁠Instagram⁠ - https://www.instagram.com/humansinthelooppod/

Email: ⁠seb@theuncommonfounder.com⁠

Website: ⁠https://www.theuncommonfounder.com

How do ideas, however crazy they might seem, spread?

Who's a true believer vs. a grifter following the money?

Can you talk about Epstein and QAnon without losing your rational mind?

How can investigative journalism move with the times?

These are just some of the questions I sat down to discuss with award-winning journalist and author James R Ball.

He has worked as the global editor of TBIJ, a special correspondent at BuzzFeed UK and special projects editor at The Guardian, where he played a key role in the Pulitzer Prize-winning coverage of the NSA leaks by Edward Snowden, as well as the offshore leaks, HSBC Files, Reading the Riots and Keep it in the Ground projects. At WikiLeaks he was closely involved in Cablegate – the publication of 250,000 classified US embassy cables in 2010 – as well as working on two documentaries based on the Iraq War Logs.

James is the author of multiple books, including Post-Truth: How Bullshit Conquered The World and The Tangled Web We Weave: Inside The Shadow System That Shapes the Internet. His most recent book, The Other Pandemic: How Qanon Contaminated The World, was published by Bloomsbury in July 2023.

Where else you can listen

⁠Youtube⁠

⁠Apple podcasts⁠

Or wherever you get your podcasts!

Chapters

00:00 The Evolution of Information Sharing

08:41 Understanding QAnon: Origins and Impact

28:37 The Social Dynamics of Conspiracy Theories

29:34 Navigating Adolescence and Online Radicalization

34:20 The Manosphere and Young Men's Perspectives

37:01 Moral Panics and Information Overload

40:04 The Epstein Connection and Conspiracy Theories

52:37 The Future of Information in the Digital Age

Links

https://bsky.app/profile/jamesrball.com

https://www.jamesrball.com/about

Get in touch

Instagram

Email: ⁠seb@theuncommonfounder.com⁠

Website: ⁠https://www.theuncommonfounder.com

Many of us have a sense that even well-meaning companies and institutions lose their way, sometimes becoming downright evil.Eric Ries is a legend when it comes to building tech companies and his new book is written from the perspective of someone whose been 'on the frontlines in the battle for the soul of our economy'.Incorruptible is a new blueprint for companies that will prosper and endure without losing their soul. Now more than ever we need great organisations, institutions and companies. Things that bring us together, not that tear us apart. That we can trust in to put shared human interests and values at the heart of what they do.If you're going to listen to one Humans in the Loop episode, make it this one.

Buy the book now.

Where else you can listen

Youtube

Apple podcastsOr wherever you get your podcasts!

Chapters

00:00 The Core Thesis of 'Incorruptible'

02:52 The Urgency of the Moment

07:13 Understanding Financial Gravity

12:21 The Concept of Shareholder Primacy

17:54 The Misconception of Capitalism

23:13 Examples of Resilient Companies

26:59 The Value of Innovative Corporate Structures

28:59 AI Governance and Corporate Responsibility

30:35 The Role of Governance in AI Companies

32:50 Integrity and Mission in Corporate Governance

35:45 The Importance of Principles in Business Decisions

38:30 The Role of Integrity in Governance

40:49 The Consequences of Corporate Mission Statements

43:28 Balancing Lean Startup Principles with Governance

46:35 The Right Time for Founders to Implement Governance

49:23 An Optimistic Vision for the Future of BusinessLinks

https://www.linkedin.com/in/eries/

https://x.com/ericries

https://www.instagram.com/ericriesactual/

https://www.tiktok.com/@ericriesactual

https://news.theleanstartup.com/

https://www.youtube.com/@theericriesshow

Get in touch

Instagram: ⁠https://www.instagram.com/humansinthelooppod⁠

Email: ⁠seb@theuncommonfounder.com⁠

Website: ⁠https://www.theuncommonfounder.com