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

Excelente

Como todos los títulos de James Rickards, un hombre siempre adelantado en el tiempo, una mirada al futuro, con el conocimiento de un cerebro de elite, concentrándose en lo más importante, dándonos a conocer los riesgos de los modelos generativos, corto pero conciso, sin redactar con mucho detalle, nos intuir la trayectoria de éstos modelos.

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!

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.

Succinct and very informative

Great and concise overview. A little scary. Wonderful that Jim Rickards read it himself. It made all the difference.. It’s always so interesting to hear him talk. I don’t think he took a breath once!

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)

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.

planning ideas

the part about money in the future and the advice about gold and silver and what to buy

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.