AI RISK

Books of Interest
 Website: chetyarbrough.blog

MONEY GPT (AI and the Threat to the Global Economy)

Author: James Rickards

Narration by: James Rickards

Though Mr. Rickards has something valuable to tell his audience, his writing leaves room for improvement. The initials “GPT” stand for “Generative Pre-trained Transformer”. They are an abbreviation for massive datasets gathered by artificial intelligence to aid one’s understanding of complex predictions about finance and military conflict based on collected language used to explain the world.

What Rickards intellectually recognizes is that collected language about the real world lacks human judgement which can accelerate human actions, weaponize misinformation, and increase conflict because AI lacks human reasoning. Without judgement, facts imparted by language collection may as quickly make wrong as right decisions. Optimum answers to complex problems require human judgement. Optimum answers may be aided by AI collated language, but human judgement is key to appropriate action. Rickards notes how stock market investors who rely on AI for decisions about what to do with their investments can as easily be misled when the market is in crisis because collected language is as likely to lead one further into crisis as toward a reasoned investment response.

Rickard explains a financial decision based on GPT carries the same threat in regard to war. One wonders whether President Trump’s escalation of the war on Iran is not based on GPT that compresses decisions and amplifies the volatility of America’s actions. Is the war escalating because of GPT and inadequate human judgement? America is faced with incomplete information on a purpose for bombing Iran and what goals are intended for ending the conflict. What GPT predicts is more U.S. strikes, further Iranian retaliation, and prolonged conflict that will continue to roil the economies and citizens of the world. Regional war, let alone a World War, is increasingly likely to cause a global shock to financial markets.

The essence of Rickard’s book is that the use of GPT is a threat to the financial world and to world peace. If the war on Iran continues, there is increased risk of wider conflict, further financial stress, reduced human judgement, and greater potential for world conflagration in a nuclear war.