AI Bubble About to Pop? Bank of England Issues Warning
Manage episode 516146979 series 3649858
Bank of England warns the AI bubble could burst. Hollywood actors threaten mass strikes. And California just made AI legally required to identify itself.
Jack Austin and Adam Garcia break down why the AI hype train might be heading off a cliff.
Plus: Nuns breaking out of retirement homes and a man dressed as a cat terrorising Liverpool.
**In this episode:**
✓ Why actors are threatening strikes over AI using their faces
✓ Bank of England's AI bubble warning explained
✓ California's new law requiring AI to identify itself
✓ The truth about companies adding "AI" to everything
✓ Why AI is running out of training data (it's training on itself)
✓ The $50k/month "AI phone assistant" that's just old tech
✓ Nuns on the run in Austria
✓ Liverpool's catman mystery
**Key revelations:**
Hollywood's real fear isn't about protecting jobs - it's about control
Most "AI companies" have nothing to do with AI
The fibre optic comparison to today's AI infrastructure
Why ChatGPT 5 is massively underwhelming
**Quote of the episode:**
"We're probably closer to ChatGPT 3.5 than we are to AGI"
**Timestamps:**
00:00 Actors threaten AI strikes
00:05 Hollywood's protectionism exposed
00:13 California's AI disclosure law
00:20 The dead internet theory
00:22 Bank of England bubble warning
00:28 Companies faking AI involvement
00:33 Infrastructure bubbles throughout history
00:39 Nuns escape retirement home
00:43 Liverpool catman sightings
**The truth about AI hype:**
Warren Buffett is holding more cash than ever. Gold, silver, crypto all at peaks. Something's about to give.
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31 episodes