Accessibility Menu                               (Esc)
accessibility statement report an accessibility problem

Jim Rickards: Will AI Destroy the World?

Expand Menu

A Note from James:

Money GPT. I mean, we've all heard about the incredible potential of AI, and I've shared my optimism about its future in many episodes. But today, we have Jim Rickards back on the show, and he's here to offer a more skeptical perspective. You might remember our earlier discussion where Jim laid out a masterclass on the economy, its history, and what might unfold over the next few years. Now, he's back with insights from his new book, Money GPT, diving into what we should watch out for when it comes to AI and its impact on the economy. Let's get into this compelling discussion with Jim Rickards.

Episode Description:

In this episode, James Altucher welcomes back bestselling author Jim Rickards to discuss his latest book, Money GPT. Jim delves into the transformative power of AI, highlighting both its immense benefits and the potential risks it poses, particularly to the global economy and financial markets. Drawing on his experience building AI models for the CIA, Jim explains how AI is reshaping industries and warns of its unintended consequences. The conversation spans the accelerating role of AI in finance, its vulnerabilities, and its parallels with nuclear decision-making processes. Whether you're optimistic or cautious about AI, this episode will challenge your perspective with fresh insights and historical context.

What You'll Learn:

  1. How AI is amplifying financial market volatility and increasing systemic risks.
  2. The concept of "cybernetics" as a solution to mitigate market crashes.
  3. The differences between AI's success in music and its limitations in writing.
  4. Why AI's self-referential feedback loops could worsen over time.
  5. The parallels between AI in finance and its potential misuse in nuclear decision-making.

Timestamped Chapters:

  • [00:01:30] Introduction: Revisiting AI and its role in the economy.
  • [00:03:24] The dual nature of AI: Power and risk.
  • [00:06:50] GPT breakthroughs and the future of language models.
  • [00:11:34] Why AI excels in music but struggles with writing.
  • [00:19:46] The rise of passive investing and its dangers.
  • [00:23:14] Cybernetics: A strategy to stabilize financial markets.
  • [00:39:15] The risks of removing humans from critical decision-making chains.
  • [00:47:53] Will AI replace jobs faster than it creates new ones?

Additional Resources:

Our Fake History
Download
00:56:48 11/9/2020

Past Episodes

Our Fake History
Episode #222- What's True About Al Capone? (Part I)
The life of the gangster Al Capone could be understood as a violent expression of the American Dream. A poor kid from Brooklyn, born to immigrant parents, used his wits, fists, and a certain ruthless determination to build an empire. The underworld figure has been the fodder for countless, books and biopics, not to mention inspiring a rogues gallery of fictional crime bosses. As you might expect his life is filled with elaborate legends and colorful myths. Capone was also a savvy manipulator of the news media, who did his best to put his own public relations spin on his life outside the law. How much should we believe about America's best known criminal? Tune-in and find out how Geraldo Rivera's boat, a knocked-out school teacher, and a guy named "snorky" all play a role in the story. Connect with quality therapists and mental health experts who specialize in you at https://www.rula.com/Fakehistory

Our Fake History
OFH Throwback- Episode #24- Did Ty Cobb Kill a Guy?
In this throwback episode Sebastian take you back to Season One and Episode #24. Ty Cobb has been remembered as one of baseball?s greatest villains. Despite being universally recognized as one of the game?s most talented players, Ty Cobb is mostly remembered as a violent racist who was hated by all who knew him. However, a new biography is claiming that Ty Cobb?s reputation was unfairly tarnished by an unscrupulous biographer looking to make a name for himself by exposing the ?real Ty Cobb?. Was Ty Cobb really the monster that so many believe him to be? Tune in and find out how forged letters, pistol whippings, and Tommy Lee Jones all play a role in the story.

Our Fake History
Episode #221- Did India's Thugs Really Exist? (Part II)
In the early 19th century central India was one of the most dangerous places a person could travel. Murders and robberies were incredibly common. Every year dozens, sometimes hundreds, of bodies were found in shallow graves near the highways. These unfortunate travelers were often the victims of gangs of murderous bandits. But who were these killers? The British authorities came to believe that these highway murders were the work of an India-wide network of cultists known as Thugs. But were the Thugs actually a coherent criminal sub-culture? Were they truly devoted to a religion based on human sacrifice? Or were real bandits being transformed into bloodthirsty fanatics by colonial propaganda? Tune-in and find out how poison milk, thug snitches, and the common enemies of all mankind play a role in the story.

Our Fake History
Episode #220- Did India's Thugs Really Exist? (Part I)
In 1830 an anonymous letter was published in the Calcutta Literary Gazette warning that India was being threatened by a horrifying cult of murderers. These stranglers were known as Thugs and according to the letter they represented the single greatest threat to law and order in the country. These Thugs apparently worshipped the Hindu goddess Kali and performed their crimes in her name. This letter motivated the British authorities to take immediate action against this group. However, many scholar think that the anonymous author, a British administrator named William Sleeman, may have exaggerated the Thug threat. Some have even argued that the Thugs never truly existed. What should we believe about this storied group of highway robbers? Tune-in and find out how sketchy confessions, Queen Victoria's favorite book, and Indiana Jones all play a role in the story.

Our Fake History
Episode #219- Who Was the Real Mulan?
The story of Mulan might be the best known piece of Chinese folklore. In China the story has been around for over 1500 years and has inspired dozens of poems, songs, plays, and films. Thanks to Disney, Mulan has become an international icon. The story of a young girl disguising herself as a male soldier to save her father from the military draft has proved to be surprisingly sturdy. However, many in China have complained that western adaptations of the tale misunderstand the source material. Some wonder if western creators are capable of capturing the "real" Mulan. This raises the question: is there a real Mulan? Is one version of this story more authoritative than another? Was there a real person who inspired this legend? Tune-in and find out how teenage siege-breakers, army buddies, and flexible Confucians all play a role in the story.

Our Fake History
OFH Throwback- Episode #47- Who Was the Queen of the Pirates?
In this throwback episode Sebastian takes you back to Season 2 and Episode #47. Piracy on the high seas has existed for as long as human beings have had boats. For most of history these maritime marauders were almost exclusively men. However, there have also been a handful of notable women who lived the pirate life. Their stories can often blur the line between myth and history. Tune in and find out how severed ears, guardian lizards, and the real life Captain Jack Sparrow all play a role in the story.

Our Fake History
Episode #218- Did the Siege of Constantinople Even Happen? (Part III)
The second Arab siege of Constantinople should probably just be called the "real" Arab siege of Constantinople. In 717 the Umayyad Caliphate seriously threatened the continued existence of the Roman Empire by besieging the capital from both land and sea. The the army of the Caliphate vastly outnumbered the Roman defenders. But the Romans still had a few tricks up their sleeves. The formidable Theodosian walls, the horrifying flaming liquid known as Greek Fire, and one most slippery men to ever be called Roman Emperor all helped Constantinople weather the Umayyad storm. How did the Romans manage to survive this time? Tune-in and find out how tricky Greeks, unquenchable flames, and general who was just too darn honest all play a role in the story.

Our Fake History
Episode #217- Did the Siege of Constantinople Even Happen? (Part II)
In the 670's something was brewing in the eastern Mediterranean. The Umayyad caliphate had built an impressive navy and was scoring victories at sea over the Roman empire. It looked like the Caliphate was ready to make a move against the Roman capital of Constantinople. But did they? Our sources tell us wildly different things. Was there a seven year siege? A four year siege? No siege at all? Tune-in and find out how sassy Edward Gibbon, unreliable churchmen, and ambiguous fire ships all play a role in the story.

Our Fake History
Introducing: History's Youngest Heroes from the BBC

Check out this trailer for a new history podcast from the BBC. Actress Nicola Coughlan, from Bridgerton and Derry Girls, hosts History?s Youngest Heroes ? a podcast telling twelve true stories of rebellion, risk and the radical power of youth. Nicola Coughlan shares inspiring tales of both famous and forgotten young heroes ? like Audrey Hepburn, who took on the Nazis during World War Two before becoming a Hollywood Star ? and Nelson Mandela, who was only a young activist when attempting to overthrow the South African government to end apartheid. This podcast demonstrates how young peoples? bravery can change history. Listen to the teaser here ? and find History?s Youngest Heroes, from the BBC at the following link or wherever you get your podcasts. https://bcc.lnk.to/historysheroesop

Our Fake History
Episode #216- Did the Siege of Constantinople Even Happen? (Part I)
When the capital of the Roman empire was moved from Rome to the city of Constantinople, the city on the Bosporus strait became one of the most important places on planet earth. One top being the heart of Roman religious, political, and cultural life for a millennium, the city had a reputation for being impregnable. From the 6th to the 13th century the city was besieged an amazing 19 times, and not once was it overcome by a foreign army. This resilience added to the city's legendary status. Two of the most significant sieges came at the hands of the Muslim Umayyad Caliphate, in 674 and 717. These battles have been cited as historical turning points, however recent scholarship has cast doubt on the traditional sources. How significant were these sieges? Did they both even occur? Tune-in and find out how sassy Voltaire, sloppy meta-narratives, and the end of the world all play a role in the story.

Show More Episodes

Want more episodes?

Join PodcastOne Premium to access exclusive, members-only extras.

Join Now!

Premium Episodes

Our Fake History
Episode #223- What's True About Al Capone? (Part II)
If you get your history from watching gangster movies, then you might be under the impression that Al Capone singlehandedly started Chicago's Beer Wars. That is certainly what is suggested by the 1932 gangster classic Scarface. The truth is considerably more complicated. Chicago's gang wars were messy multi-factional conflicts that can remind you of Japan's Warring States period. Al Capone was right in the middle of this wave of violence, but should he be blamed for it? Tune-in and find out how murderous florists, a guy named "Ragtime Joe", and Al Capone's fake furniture shop all play a role in the story.

Our Fake History
Episode #222- What's True About Al Capone? (Part I)
The life of the gangster Al Capone could be understood as a violent expression of the American Dream. A poor kid from Brooklyn, born to immigrant parents, used his wits, fists, and a certain ruthless determination to build an empire. The underworld figure has been the fodder for countless, books and biopics, not to mention inspiring a rogues gallery of fictional crime bosses. As you might expect his life is filled with elaborate legends and colorful myths. Capone was also a savvy manipulator of the news media, who did his best to put his own public relations spin on his life outside the law. How much should we believe about America's best known criminal? Tune-in and find out how Geraldo Rivera's boat, a knocked-out school teacher, and a guy named "snorky" all play a role in the story. Connect with quality therapists and mental health experts who specialize in you at https://www.rula.com/Fakehistory

Our Fake History
OFH Throwback- Episode #24- Did Ty Cobb Kill a Guy?
In this throwback episode Sebastian take you back to Season One and Episode #24. Ty Cobb has been remembered as one of baseball?s greatest villains. Despite being universally recognized as one of the game?s most talented players, Ty Cobb is mostly remembered as a violent racist who was hated by all who knew him. However, a new biography is claiming that Ty Cobb?s reputation was unfairly tarnished by an unscrupulous biographer looking to make a name for himself by exposing the ?real Ty Cobb?. Was Ty Cobb really the monster that so many believe him to be? Tune in and find out how forged letters, pistol whippings, and Tommy Lee Jones all play a role in the story.

Our Fake History
Episode #221- Did India's Thugs Really Exist? (Part II)
In the early 19th century central India was one of the most dangerous places a person could travel. Murders and robberies were incredibly common. Every year dozens, sometimes hundreds, of bodies were found in shallow graves near the highways. These unfortunate travelers were often the victims of gangs of murderous bandits. But who were these killers? The British authorities came to believe that these highway murders were the work of an India-wide network of cultists known as Thugs. But were the Thugs actually a coherent criminal sub-culture? Were they truly devoted to a religion based on human sacrifice? Or were real bandits being transformed into bloodthirsty fanatics by colonial propaganda? Tune-in and find out how poison milk, thug snitches, and the common enemies of all mankind play a role in the story.

Our Fake History
Episode #220- Did India's Thugs Really Exist? (Part I)
In 1830 an anonymous letter was published in the Calcutta Literary Gazette warning that India was being threatened by a horrifying cult of murderers. These stranglers were known as Thugs and according to the letter they represented the single greatest threat to law and order in the country. These Thugs apparently worshipped the Hindu goddess Kali and performed their crimes in her name. This letter motivated the British authorities to take immediate action against this group. However, many scholar think that the anonymous author, a British administrator named William Sleeman, may have exaggerated the Thug threat. Some have even argued that the Thugs never truly existed. What should we believe about this storied group of highway robbers? Tune-in and find out how sketchy confessions, Queen Victoria's favorite book, and Indiana Jones all play a role in the story.

Shows You Might Like

Comments

You must be a premium member to leave a comment.

Copyright © 2025 PodcastOne.com. All Rights Reserved. | Terms and Conditions | Privacy Policy

Powered By Nox Solutions