{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/646cf723f5ce1700110a830e/66919c6e47c58aff76c2c18b?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"AI Bubbles are Bursting with Andrew Orlowski","description":"<p>Today we’ve got a guest who's been doing our job for decades. Andrew Orlowski is a writer who has followed the technology industry for two decades, so he’s see the hype cycle peak and trough many times.</p><p><br></p><p>For more on Bubble Trouble, including transcripts of the show, visit us online at <a href=\"http://bubbletroublepodcast.com/\" rel=\"noopener noreferrer\" target=\"_blank\">http://bubbletroublepodcast.com</a></p><p>You can learn more about Richard at <a href=\"https://www.linkedin.com/in/richard-kramer-16306b2/\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.linkedin.com/in/richard-kramer-16306b2/</a></p><p>More on Will Page at: <a href=\"https://pivotaleconomics.com/\" rel=\"noopener noreferrer\" target=\"_blank\">https://pivotaleconomics.com</a></p><p>(Times below correspond to the episode without considering any inserted advertisements.)</p><p><br></p><p>In this episode of Bubble Trouble, hosts Richard Kramer and Will Page are joined by veteran technology journalist Andrew Orlowski. They delve into the recurring market bubbles and dissect the relentless hype surrounding AI and machine learning. Orlowski discusses his track record in identifying technology bubbles and shares his skepticism about the transformative claims made about AI, comparing it to historical overhyped innovations like the metaverse and cryptocurrency. The discussion also touches on the implications of AI on productivity, labor markets, and the economy at large, highlighting the disconnect between policy elites’ expectations and real-world applications. Throughout, the panel emphasizes the broader societal impacts and the role of critical scrutiny in understanding technological advancements.</p><p><br></p><p>00:00 Introduction to Bubble Trouble</p><p>00:44 Part One</p><p>00:49 Meet Andrew Orlowski</p><p>01:43 The Origins of Bubble Trouble</p><p>02:06 Spotting Bubbles: Andrew's Track Record</p><p>02:39 Google's Market Manipulation</p><p>07:00 The AI Hype Cycle</p><p>12:08 AI's Economic Impact and Skepticism</p><p>19:10 The Future of AI and Technology</p><p>26:13 Debunking the Efficiency Myth in Tech Companies</p><p>26:39 The Role of AI in Financial Markets</p><p>28:10 AI Skepticism and the Hype Cycle</p><p>28:20 Part Two</p><p>29:02 The Future of Chatbots and Machine Learning</p><p>30:06 Public Skepticism vs. Elite Optimism</p><p>35:54 The Nature of Work and Productivity</p><p>42:13 The Middle Class Advantage in the Modern Workplace</p><p>45:40 The AI Bubble and Its Implications</p><p>49:01 Smoke Signals: Red Flags in the AI Industry</p><p>51:19 Conclusion and Final Thoughts</p><p>51:51 Credits</p><p><br></p>","author_name":"Magnificent Noise x Richard Kramer x Will Page"}