The AI Bubble + The Productivity Paradox + India’s AI Summit

The AI Bubble + The Productivity Paradox + India’s AI Summit

Is there an AI bubble, or just an OpenAI bubble? Markets remain focused on whether valuations can be justified by sufficiently fast revenue growth, while the real economy braces for AI’s impact on productivity, jobs, and other disruptions. With global leaders and tech CEOs convening in India to debate AI governance, the stakes are rising fast. Credit markets, hiring data, and business sentiment could signal whether this year will bring a continued jobless expansion or something more concerning.

Hosts:

Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR)

Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)

Mentioned on the Episode:

Sebastian Mallaby and Sebastian Elbaum, “The AI Trilemma,” Foreign Affairs

Sebastian Mallaby, The Infinity Machine: Demis Hassabis, DeepMind, and the Quest for Superintelligence

Alap Shah, “The 2028 Global Intelligence Crisis,” Citrini Research

Matt Shumer, “Something Big Is Happening in AI — and Most People Will Be Blindsided,” Forbes

Martha Gimbel, “An AI Productivity Boom? Don’t Count Your (Productivity Data) Chickens,” Yale Budget Lab

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The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.

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Avsnitt(38)

What We Got Right (and Wrong) This Year

What We Got Right (and Wrong) This Year

This week on The Spillover, hosts Sebastian Mallaby and Rebecca Patterson unpack what they got right—and wrong—in their forecasts over the course of the year so far, covering the “Fragile Four” econom...

7 Okt 48min

Central Banks in a Bind + Could AI Replace the FOMC?

Central Banks in a Bind + Could AI Replace the FOMC?

This week on The Spillover, hosts Rebecca Patterson and Sebastian Mallaby are joined by Adam Posen, president of the Peterson Institute for International Economics, to discuss how the Federal Reserve ...

1 Okt 47min

Why Won’t Europe Do More For Ukraine? + The Rise of Pro-Russia Populism

Why Won’t Europe Do More For Ukraine? + The Rise of Pro-Russia Populism

This week on The Spillover, hosts Sebastian Mallaby and Rebecca Patterson sit down with author and historian Anne Applebaum to discuss Europe, the ongoing war in Ukraine, and the escalating geopolitic...

25 Sep 50min

Nvidia Bets Big on Hugging Face + Sebastian Sashimi + AI-Powered Toothbrushes

Nvidia Bets Big on Hugging Face + Sebastian Sashimi + AI-Powered Toothbrushes

This week, hosts Sebastian Mallaby and Rebecca Patterson unpack Nvidia’s deal to purchase Hugging Face, the leading platform for open-weight AI models. The acquisition, they argue, highlights a battle...

14 Sep 47min

Can the U.S. ‘Grow’ Its Way Out of Debt? + Taxing Wealth in the Age of AI

Can the U.S. ‘Grow’ Its Way Out of Debt? + Taxing Wealth in the Age of AI

This week, host Rebecca Patterson speaks with Natasha Sarin, law professor and cofounder of the Yale Budget Lab, to unpack Treasury Secretary Scott Bessent’s claim that the United States can grow its ...

10 Sep 52min

The U.S. Buys Stake in a Venezuelan Oil Company + Why Efficiency Is the Real Path to Energy Security

The U.S. Buys Stake in a Venezuelan Oil Company + Why Efficiency Is the Real Path to Energy Security

This week, host Rebecca Patterson sits down with energy and climate expert Vijay Vaitheeswaran to discuss the U.S. government's acquisition of 35 percent equity stake in a Venezuelan oil company and h...

1 Sep 48min

Could the AI Debt Problem Create the Next Financial Crisis?

Could the AI Debt Problem Create the Next Financial Crisis?

The financing behind the AI boom has grown so large that treasury bond yields are approaching levels not seen since the leadup to the 2008 financial crisis. But is the risk to the financial market ove...

26 Aug 1h 5min

The Hosts Pick a Global AI Winner + The Advanced Economy Deployment Problem + The Question Even the Experts Can't Answer

The Hosts Pick a Global AI Winner + The Advanced Economy Deployment Problem + The Question Even the Experts Can't Answer

Artificial intelligence has become the biggest variable in the U.S. economy, but is the country really positioned to win the global race for economic dominance in AI? This week, Rebecca Patterson and ...

18 Aug 44min

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