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The James Altucher Show

Jim Rickards: Will AI Destroy the World?

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.62.7K Ratings

🗓️ 10 December 2024

⏱️ 49 minutes

🧾️ Download transcript

Summary

In this episode, James Altucher welcomes back bestselling author Jim Rickards to discuss his latest book, Money GPT. Jim delves into AI's transformative power, highlighting its immense benefits and the potential risks it poses, particularly to the global economy and financial markets.

Transcript

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0:00.0

Money GPT. I mean, we've heard about all the great things AI is going to do. And in general,

0:11.5

I am extremely optimistic about AI and its future, as you probably tell from the many podcasts I've done on it.

0:18.9

But our next guest, Jim Rickards,

0:22.3

might have a more skeptical view. He just wrote the book Money GPT. And a few weeks ago,

0:28.6

you might remember Jim, a few weeks ago, we talked an amazing discussion about the economy,

0:33.6

everything that's going on in the economy, going from the history on to what's going to happen over

0:38.3

the next four years. And now Jim is back to talk about what should we be careful of in terms of

0:45.7

AI and the economy. Very interesting discussion. So here's Jim Rickers, the author of the new book,

0:51.3

Money GPT.

0:57.3

This isn't your average business podcast, and he's not your average host.

1:02.5

This is the James Altasier Show.

1:19.2

I do want to circle back to AI, which is the original reason we wanted to talk.

1:25.2

But I feel like when you were writing money, GPT, you started off writing something else. You started off writing about money and the risks in the system and,

1:28.9

and, you know, what, it seemed like what occurred to you, I'm just sort of imagining as I'm

1:33.6

reading this, how it's written and how it's structured. It seems like AI started to become,

1:38.6

to really explode upwards and become a factor in every single industry. And the risks of AI, you sort of ran with that and how it could happen in the financial system.

1:48.7

But it seemed like you started off writing almost like about the financial system first,

1:54.3

and then, oh, hey, this AI stuff is going to be dangerous.

1:58.0

And then the book kind of transformed.

2:00.4

Well, that's true.

2:02.2

There's an introduction, conclusion, five chapters.

2:05.6

I did want to stay in my lane, and let me be clear.

...

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