The Contrarian Investor Podcast
Nathaniel E. Baker
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AI is Overhyped, Will Only Worsen Inequality: Simon Johnson
This episode was made available to premium subscribers on May 24, without ads or announcements. To become a premium subscriber sign up on Supercast or Substack. MIT Economist Simon Johnson joins the podcast to discuss his book, 'Power and Progress, Our Thousand-Year Struggle Over Technology and Prosperity' and specifically why artificial intelligence is likely overhyped, and that not just from an investment perspective. Content Highlights Artificial intelligence's default trajectory is about machine intelligence, code for replacing people with machines. Historically, this has not brought great things (1:21); Indeed technological progress has not always benefited everybody, but just a small group at the top. Today's advancements are no different (5:11); Don't expect a boost to business either. Productivity gains should be limited (9:17); Some of the dangers of Chat GPT and Google's Bard that is driving most business development around AI (20:12); Background on the guest (24:26); Thoughts on the current market environment and its potential to spill over into crisis (27:43). For More Information Get the book on Amazon: Power and Progress; Simon Johnson's Wikipedia page; Twitter: @BaselineScene.
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