Today we’ve got a page turner…not that Page, our co-presenter…but a book that brings the AI battle to life: Supremacy: AI, ChatGPT and the Race That Will Change the World, Written by our guest, Parmy Olson. Buckle up as it's going to be a wild ride.

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

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AI Supremacy and Ethical Dilemmas: A Conversation with Parmy Olson

In this episode of Bubble Trouble, hosts Richard Kramer and Will Page sit down with Bloomberg columnist and AI expert, Parmy Olson, to discuss her new book, 'Supremacy: AI, ChatGPT, and the Race that Will Change the World.' The conversation covers the ethical challenges and regulatory gaps in the AI industry, the role of big tech corporations in AI development, and the societal impact of AI on various sectors including healthcare, education, and law. Olson also shares insights on the bias and unintended consequences of AI technology, the psychology of tech innovators, and the future prospects for the technology.

00:00 Introduction

00:51 Meet the Guest: Parme Olson

01:08 Parmy Olson's Journey in Tech Journalism

02:25 The Fascination with Silicon Valley

03:26 The Metaverse Debate

04:16 Investigative Journalism in Tech

08:05 The AI Hype: Reality or Exaggeration?

10:57 The Race for AI Supremacy

14:29 Unintended Consequences of AI

20:18 The Ethics of AI Development

22:55 Closing Thoughts on AI and Tech

24:49 Part Two

25:23 The Competitive Landscape of AI

26:07 The Shift from Openness to Secrecy

27:42 Meta's Approach to Open Source AI

28:55 The Role of Open Source in Tech Development

30:57 The Allure of High Salaries in AI

31:09 Capitalism and AI: A Cautionary Tale

31:55 The Distinction Between Business and Markets

33:49 AI's Potential in Public Services

36:49 The Future of Law with AI

41:24 The Psychology of Tech Companies

48:06 The Bubble and Reality of AI

49:38 The Future of AI and Human Roles

51:47 Conclusion and Final Thoughts

52:17 Credits

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We’re back from summer break and we want to revisit some past pods as they get dragged into the current of current events, making our predictions as good - or even better - than the AI led herd. Today we’ve got a slew of stories to unpack, from AI Fakes and our podcast with the now-under-threat CEO of Boomy, the unwinding of the greatest money making machine you never heard of, and in Part Two revisiting our Ticketmaster / Live Nation show and the current fiasco of dynamic pricing for Oasis tickets.

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

In this episode of 'Bubble Trouble,' hosts Richard Kramer and Will Page dive into two major topics affecting today's financial and entertainment markets. They discuss the recent fraudulent activities surrounding AI-generated music streams, detailing the $10 million scam involving fake fans and manipulated royalties. Moving on, they shed light on the Oasis ticketing debacle, where surge pricing and market manipulation led to skyrocketing ticket prices and public outcry. Throughout the episode, they revisit past discussions, particularly focusing on market turbulence and the intricacies of carry trades. The hosts promise more exciting content and insights into market dynamics as they kick off their autumn season.

00:00 Introduction and Welcome Back

01:08 Part One

01:33 Reflecting on Past Episodes

02:11 Summer Break and Market Turbulence

03:42 Understanding Carry Trades

09:46 Nvidia's Market Impact

13:07 AI Music Fraud Scandal

23:41 Part Two

23:41 Oasis Ticket Fiasco

24:59 Ticket Demand and Dynamic Pricing

26:30 Surge Pricing vs. Dynamic Pricing

30:58 The Role of Ticketmaster and Market Manipulation

36:03 Potential Solutions and Future Outlook

43:07 Concluding Thoughts and Wrap-Up

43:48 Credits

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This week we’re going to keep on pricking bubbles with a fellow cynic of the sycophants and stenographers. Here to help us is David Trainer of New Constructs, whose company makes “robo-adjustments” to the reported accounts of 1000s of listed companies and tries to unearth the real financials behind the content marketing from company investor relations teams.

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

In this episode of Bubble Trouble, guest David Trainor, the founder of New Constructs, delves into his background in economics and statistics, his time at Credit Suisse, and his perspective on market bubbles and financial accountability. The discussion ranges from the detrimental effects of rapid, superficial analysis and reporting pervasive in today's investment industry, to the importance of rigorous fundamental analysis in discerning true business value. The conversation also touches on companies' strategic overstatement of profits, the ill-effects of unchecked capital allocation, and the role of artificial intelligence in future financial analytics. As the founder of New Constructs, David highlights how his company is helping investors uncover the real financial situation behind companies' reported accounts.

00:00 Introduction

00:57 Part One

01:02 Guest Introduction: David Trainor

01:26 Understanding New Constructs

02:22 The Cynicism in Wall Street

03:02 David's Backstory and the Tech Bubble

04:11 The Role of Accounting in Business

05:37 The Reality of Wall Street

07:42 The Boy Who Cried Wolf: A Market Perspective

08:27 The Intentionality of Market Bubbles

15:44 The Impact of Algorithmic Trading

18:28 The Difference Between Investing and Speculating

23:49 The Challenge of Limited Company Disclosure

26:12 Part Two

27:34 Discussing the Spectrum of Corporate Ethics

27:42 Highlighting Notorious Corporate Scandals

28:05 Elon Musk: Genius or Snake Oil Salesman?

28:46 The Reality of Earnings Distortion

29:09 The Unsettling Truth About CFOs and Wall Street Analysts

29:40 The Role of Investor Relations Firms

30:37 The Problem with Superficial Analysis

33:43 The Art of Investing: A Touchy Feely Approach

35:55 The Role of AI in the Future of Financial Analysis

47:18 The Dangers of Overstating Profits and Zombie Stocks

50:57 Closing Thoughts and Future Predictions

50:59 Credits

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