Andrew Ross Sorkin is an anchor at CNBC, columnist at The New York Times, and author of 1929, a bestselling book about the worst market crash in history. Sorkin joins Big Technology Podcast to discuss whether AI achieving its potential could lead to a similar crash, either via a labor shock or the disruption of software. Stay tuned for the second half where we discuss private credit risks, prediction market gambling, and the SpaceX IPO. Hit play for a dynamic conversation about where AI could lead, and its potential economic benefits or consequences.
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Chapters:
0:00 Introduction
3:37 Could AI's Success Cause a Market Crash?
7:02 The Mass Unemployment Question
34:39 Private Credit Explained
39:09 Private Credit Alarm Bells
42:43 The AI Debt Risk
47:14 The Prison of Financial Mediocrity
54:38 Could We Have a 1929-Scale Crash?
56:11 Fed Independence
1:03:08 The SpaceX IPO
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