The George Pu Show

Episode Summary:

In this episode, we discussed the recent banking crisis and credit defaults, as well as the spread of contagion. We then shifted the conversation to the advancements in artificial intelligence, particularly GPT-4 and AI-powered Microsoft 365. 

We discussed the potential benefits and drawbacks of these developments, including the potential for AI to replace human jobs. We also touched on the topic of "AI fear" and the potential harm that AI could cause if not regulated properly. Lastly, we discussed the potential monopolistic situation that could arise with the dominance of Google and Microsoft in the AI space.

(0:34) Banking crisis, SVB collapse updates, what exactly happened?

(12:42) Reflection on SVB going down and what’s next for the tech sector

(17:15) The moral debate on whether the FED should rescue SVB’s depositors

(24:36) The aftermath: accountability, congressional hearings, other actions

(28:08) Banking contagion: First Republic, Credit Suisse rescued, what’s next?

(33:12) FED’s next actions: rate hikes, the same, or rate declines?

(40:00) GPT-4 is here - our takeaways

(43:23) Is AI the next Frankenstein monster? Our debate

(48:20) Google and Microsoft launching AI into their workplace products, the next AI wave is here?

George Pu:

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