#37373
Mentioned in 1 episodes
MoneyGPT
AI and the Threat to the Global Economy
Book • 2024
In MoneyGPT, James Rickards explores how generative AI, such as ChatGPT, is reshaping the financial world.
He argues that while AI is touted to increase efficiency and lower costs, its global implementation in finance will actually cause chaos, such as rapid bank runs and market instability.
Rickards also warns that AI benefits malicious actors by removing human empathy and instinct from critical decision-making, potentially leading to extreme threats like total nuclear war.
The book emphasizes the need for better guardrails and limits on AI to prevent these dangers and advocates for the use of old-fashioned human logic and common sense to intervene before it’s too late.
He argues that while AI is touted to increase efficiency and lower costs, its global implementation in finance will actually cause chaos, such as rapid bank runs and market instability.
Rickards also warns that AI benefits malicious actors by removing human empathy and instinct from critical decision-making, potentially leading to extreme threats like total nuclear war.
The book emphasizes the need for better guardrails and limits on AI to prevent these dangers and advocates for the use of old-fashioned human logic and common sense to intervene before it’s too late.
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Mentioned in 1 episodes
Mentioned by 
Jim Rickards
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Mentioned by 
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