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36min chapter
E38: Resurgence of Prediction Markets, AI Adoption and Complex Financial Systems
"The Riff" with Byrne Hobart and Erik Torenberg
Evolution of Financial Systems and Business Models
The chapter delves into the development of financial systems post the great financial crisis and how countries are adapting to mitigate crises, touching on the interconnection of finance with the economy. It contrasts the failures of Soviet Union's attempt to computerize economic planning with the unintended success of US building a computer network that optimized planning through algorithms. The discussion also covers Warren Buffet's insights on profitable business models, the impact of AI on software models, and the evolution of companies going public.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode