MoneyGPT

AI and the Threat to the Global Economy

De: James Rickards

Narrado por: James Rickards

“Essential reading”–Forbes

From the New York Times bestselling author of The New Great Depression and Currency Wars, a telling prediction for how AI will endanger global economic markets and security

In November 2022, OpenAI released GPT-4 in a chatbot form to the public. In just two months, it claimed 100 million users—the fastest app to ever reach this benchmark. Since then, AI has become an all-consuming topic, popping up on the news, in ads, on your messenger apps, and in conversations with friends and family. But as AI becomes ubiquitous and grows at an ever-increasing pace, what does it mean for the financial markets?

In MoneyGPT, Wall Street veteran and former advisor to the Department of Defense James Rickards paints a comprehensive picture of the danger AI poses to the global financial order, and the insidious ways in which AI will threaten national security. Rickards shows how, while AI is touted to increase efficiency and lower costs, its global implementation in the financial world will actually cause chaos, as selling begets selling and bank runs happen at lightning speed. AI further benefits malicious actors, Rickards argues, because without human empathy or instinct to intervene, threats like total nuclear war that once felt extreme are now more likely. And throughout all this, we must remain vigilant on the question of whose values will be promoted in the age of AI. As Rickards predicts, these systems will fail when we rely on them the most.

MoneyGPT shows that the danger is not that AI will malfunction, but that it will function exactly as intended. The peril is not in the algorithms, but in ourselves. And it’s up to us to intervene with old-fashioned human logic and common sense before it’s too late.

©2024 James Rickards (P)2024 Penguin Audio

Reseñas de la Crítica

"MoneyGPT [...] convincingly argues that the greatest danger is not that AI malfunctions, but that it will function precisely as it was intended to. [...] Indeed, the book makes a powerful case for better guardrails and limits around how humans might outsource decision-making as AI technology evolves."—The Financial Times

Practical suggestions on how to shore up and continue in on matter what

I appreciate the depth of analysis and the breadth of topics Mr Rickards covers. He quotes cultural influencers from art to banking to AI to the pandemic.
His comforting reminders to keep our senses as we travel through this phase of digital living are appreciated.

God, family, and country!

Not an AI review

Rickards is throwing real world aspects and truths out there that many with their blinders on wanted to double down and plug their ears with tampons.
The performance was well done and most the the nay sayers on it are just looking to gripe about something because they don't want to hear true facts.

Why GPT is dangerous

Excellent book though it starts out dry. Best material is sections where Rickards explains how and why AI and GPT will lead to unforeseen disasters if not restrained by human judgment and common sense.

I always find a Rickards book thought provoking.

I think the book would have been better served with a professional narrator. It was hard to understand but turning up the volume helped.

Always interesting

I look forward to all of Mr. Rickards’ books because they are always well researched and extremely interesting. I love his sidebars too, like his brief bit about Andy Warhol.

I also enjoy his reading style, as I listen at 2x and his style accommodates that perfectly.

A critique on AI

I’d recommend this book to anyone that wants to understand the danger of AI in stock markets and in high stake decision making moments (ie military action)

Finally a bit of truth

Whether you want to know what is headed our way or not life is still coming at us with the peddle all the way to the floor. Be ready or get run over.

Audible Audio book.

This is a case of an author who should stick to writing. This audiobook was read so bland and monotone it is painful! I'm not sure I can finish the whole 5 hours.

Poor narrator

narrator had zero talent in narration , he made the book horrible to be listened , i wish if there is other narrator

Your view on climate change is wrong

I have been listening to your views on economics for five to seven years, you should have done a lot more research on climate change. It seems like you had your view as a “finance” guy on climate change and went out to find someone to confirm your view. To put that view into a book is wrong.