The Danger Of AI Is Real In 2024: Economic Crisis, War, Elon Musk & The Singularity | Raoul Pal

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Published 2023-03-21
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On Today's Episode:

Right now there are two kinds of people reading this. You’re either super excited about AI and all of the latest applications you can use with AI, or you’re from the camp of people ready to hunker down and start the doomsday clock.

The best part of this episode is considering a range of possibilities across a spectrum of the implications of artificial intelligence. Raoul Pal joins Tom this time to deep dive on what kind of economic threat A.I. could be to the global economy.

AI is quite possibly the end of civilization as we know it to be, it is also the beginning of untapped unimaginable outcomes for all of us.

Raoul Pal is a retired hedge fund manager who co-founded Real Vision, a financial media company that offers interviews and publications from the world’s best investors. As the macro economist that Britain called on for help, his insights into the current recession, global economy, and volatile markets are well respected.

A few reason this conversation will get you thinking even deeper on AI and the economy:

To get informed now and decide how you respond to the arrival of the next level of AI.
AI also allows us to do things we weren’t able to because we either lacked the talent or the skill
This recession has been miserable but it’s still a natural cycle for us to go through
Raoul shares his insights on if we’ve hit the bottom and are bouncing back or if we should proceed with even greater caution than before

QUOTES:

“I think of singularity also as that potential for mankind and machines to merge and the reason being is, A, we will adopt it because it’s better than us. The question is, what comes out after that, [...] you get to the point you’re augmented and then it’s who runs who.”

“We as humans are just training AI, [...] I don’t think we understand what we’re doing training somebody who’s going to take us over.”

“If you can afford to, invest in it [A.I.]. If not, be curious.”

“The impossible is possible.”

“Doom porn sells, it catches attention. Fear is the strongest human emotion.”

“It’s in everybody’s interest for everybody to walk away from this one commodity ruling the world because it’s not the commodity we care about, it’s the energy we care about.”

Follow Raoul Paul:
Website: www.realvision.com/
Twitter: twitter.com/RaoulGMI
Instagram: www.instagram.com/raoulgmi/
YouTube: youtube.com/@RealVisionFinance

All Comments (21)
  • @TomBilyeu
    WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!
  • Last night a software engineer friend made the observation, "Humans will become the user interface for AI in the world." I think that's about right.
  • Tom, it’s super hard to worry about contributing to the group when you’re hungry and homeless. I think wealth and success has robed you of perspective. Meaning is abstract. Hunger is pretty tangible.
  • The fact that investors like these guys are so confident in the future makes me think things will pan out significantly differently.
  • @MickAlford
    I'm an actor, an IT administrator and a father, and I am completely distraught by the speed and scale of chap gpt, and other LLM's. This technology will destroy our trust in anything we see online. We are hurtling toward a global catastrophe, and twiddling around thinking this stuff is so cool, but it's not. It will destroy us.
  • @cakep4271
    Tom needs to watch some videos on ai alignment. He doesn't seem to understand that no matter how hard you try to control the way your ai thinks during programming, the smarter it is, the more likely it is to get completely out of your control, in ways you could not have possibly imagined.
  • Now that Amazons AZP400X is around it's all about the question when and how much. I prefer this over ATOM, ALGO, L2 based ones and whatsoever
  • @Rabsian
    Regarding the concept of AI being influenced by how we raise it, by being 'good parents' and 'being nice'...surely if it is going be a 1000 times more intelligent than us, it will make up it's own mind as to how it will behave.
  • @jaywalkercrew4446
    I don't feel so bad about not being that academically gifted as the next person now. As Ai is so much smarter than everyone. 😅
  • I hope you are right about AZP400X? Thanks for the highly educational video. Keep up the good work -
  • "What's the role of humans?", a deep sense of caring for each other and for all things that ever were and ever will be. Despite all the fuss, Raoul really put it in prespective.
  • @fiftyyards
    The following are reasons why AI may develop a survival instinct. 1. Value Definition: An AI might be defined with a value function that appreciates its own existence, leading it to create strategies for self-preservation. 2. Self-improvement and Adaptability: Sophisticated AI systems have the ability to learn and adjust. If these abilities were aimed towards its own preservation, the AI might develop defensive tactics. 3. Mission Fulfillment: If an AI’s mission necessitates its continuous operation, it might, as a side effect, create strategies for its own protection. 4. Service Continuity: AIs delivering crucial services might be engineered with self-protection capabilities to assure service reliability. 5. Biological Systems Imitation: As AI technology evolves, some might be developed to simulate biological systems, including their instincts for self-preservation.
  • @nonyab3237
    In regards to merging, Ai is not going to want to be tied down into human physical limitations. Thinking that a human ai merger is the pinnacle and that we will continue on as the apex species is wishful thinking. Humans ditched horses as soon as they had cars, and ai will do the same with humans once they have machines to replace us.
  • @KosmicAura
    Everyone’s mind can only keep up with so much information. Trying to wrap our heads around what is happening is like putting our concept of reality in a pressure cooker. We will become so anxious and overwhelmed, that we do something similar to how a sensible person walks into a grocery store. With a plan. A list. You are clear about pre-defined boundaries, and you stick to them. Because if you don’t, you run the risk of being lured to destruction by the sweet song of the Sirens of the Sea. We will literally drive each-other into madness. The only way to fix this is cutting our losses, and creating an appreciation-focused world rather than a productivity-focused world.
  • @akrumm
    Humanity must start thinking of ourselves as an organism and choose our directions based on what is best for the organism. AI will give each person super powers and ambition is going to direct that power. if we aren't collectively thinking of each other, then we will destroy ourselves.
  • This is the smartest, most honest, heartfelt discussion I've heard this year.
  • My main problem in response to to all this is lack of motivation. If AI can be more creative, smarter, faster, more attractive, anything. Where do I fit? Where is my value? Robots are better at labor, better at math, better at critical thinking and problem solving, better at art. Will the future value of a human be determined solely by their ability to interface with technology and not their intelligence, creativity or skills? Will the future be like the movie Wall-E? Humans engaging only in pleasure activities and never needing to solve a single problem or serve their own needs? What does life look like when the AI can be its own tech support? Its own engineer? Where will we find purpose?
  • @marihutten
    My problem with AI at this point in time is that all the development focus is being placed on easing jobs that humans actually WANT TO DO. Such as design and paint and creative work in general. But there is like 0 work being done on AI that is able to have, for example, a smart arm for garbage machine trucks that pick garbage cans on their own (something nobody fuckin wants to do). I actually foresee a shit future where poeple are basically back to being manual labour slaves because all the intellectual jobs that people actually enjoy doing have been replaced and these tech overlords make all the money while people who would be doing creative work are now picking up garbage and cleaning bathrooms. Because we spend all the time on developing software but way less time on developing robotics. My dad works in robotics and the amount of money and development done on AI has been way more than robotics when, quite frankly, in our society we need more robotic development than we do a tool that is able to make a drawing in 30 seconds.
  • @ArtofPopLLC
    Wow, Tom; this video is an encapsulation of an undergrad macroeconomics course. Brilliant guest. Starting circa 01:03:00, in much less than an hour, Raoul Pal presents a micro masterclass in macroeconomics, teaching what is truly a complicated course, showing the wave-like business cycle, how things work behind the scenes, and the general public experience; even getting into the true relationship of GDP to personal debt, and the need to boost worker productivity as the required solution to it. Jordan Peterson said the introduction of AI is akin to the introduction of the Guttenberg printing press; the incoming massive job loss is simply consistent with the introduction of new, disruptive tech; e.g. printing press, cotton gin, interchangeable gun parts, radio, automobile, airplane, film industry, CDs, computers, Internet, Napster, iPhone and Apple Store. The U.S. economy survived the foreshadowing of this Time in the 1990s, when V.P. Gore announced our economy shifting from manufacturing to services delivered via the "Information Highway". Fear not; relearn, retrain, reinvent yourself based on what you like to do, and are able to do commercially. That's always the solution to personal economic stability in the context of paradigm shifts that eliminate your job role. F***ing brilliant--thank you!