MrBeast, Tom Hanks Warn of AI Deepfakes & Why Mortgage Rates Keep Soaring
Oct 4, 2023
26:57
auto_awesome Snipd AI
MrBeast and Tom Hanks discuss the dangers of AI deepfakes as technology advances. They also talk about why mortgage rates are soaring and the possible elimination of tipping in Chicago. Additionally, the hosts debunk the myth of broke millennials and highlight their financial security. The rising issue of bedbugs in Paris is also discussed.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
The surge in bond yields is impacting mortgage rates and other long-term investments, highlighting the significant implications for the global economy and financial markets.
The rise of AI-generated deepfake videos featuring celebrities raises concerns about the readiness of social platforms to handle the proliferation of AI-generated content, with potential impacts on elections and the fabric of Hollywood itself.
Deep dives
Bond Yields Hit 16-Year Highs
Bond yields have reached a 16-year high, with 10-year bond yields approaching 5% and 30-year US Treasuries surpassing 5%. This surge in yields is driven by the expectation of high interest rates persisting for a while, which is causing investor interest in riskier investments to fade. The bond market's historic selloff has led to higher yields, impacting mortgage rates and other long-term investments. The increase in bond yields is a significant development with far-reaching implications for the global economy and financial markets.
AI Deepfakes Concern Celebrities
AI-generated deepfake videos featuring celebrities have been spreading across the internet, leading to concerns and warnings from individuals affected. Tom Hanks, Gayle King, and Mr. Beast are among those who have faced deepfake scams, where their digital likeness is used to endorse products or promote messages without their consent. This rise in deepfakes raises questions about the readiness of social platforms, like TikTok and Instagram, to handle the proliferation of AI-generated content. The challenges posed by deepfakes extend beyond celebrity endorsements and entertainment, as they have the potential to impact elections and the fabric of Hollywood itself.
Chicago Considers Changing Tipped Wage System
Chicago lawmakers are deliberating a new law that would require restaurants to pay their waitstaff the city's standard minimum wage, regardless of their tip earnings. Advocates argue that the tipping system is outdated and leads to inconsistent wages for employees. However, restaurant operators argue that the additional wages would need to be offset, potentially resulting in higher menu prices or additional fees on checks. The proposed change has sparked a larger debate on whether the tipping system as a whole needs to be reevaluated or preserved due to its cultural significance.
Episode 162: Neal and Toby discuss how record bond sales are the biggest factor in the market right now and are a huge reason mortgage rates have skyrocketed. Plus, celebrities like Tom Hanks and MrBeast are warning people of AI deepfakes as technology advances and why Chicago might do away with tipping. And narrative violation! Millennials are actually financially better off than we would have thought. Oh, and bedbugs are stronger than ever before. Finally, if you wanna watch mean girls you can just hop on TikTok.