There is an inevitability around the idea that Artificial Intelligence already has Oxford’s ‘Word of the Year’ tied up. The transition from being the preserve of rocket scientists and Sci-Fi writers towards general office chitchat, feels representative of the explosive progress in the sector over the past twelve months. To help us journey down this rabbit hole, we asked Jim Robillard to take us from Star Wars to Large Language Models and everything in between. As a man who has invested through the Dotcom Bubble, the dawn of the internet age, and today’s tech-dominated markets, we can think of no better guide.

• 00:26 Episode Introduction
• 00:50 Gimmick to Reality - how did we get here?
• 05:40 LLMs & Generative AI - the advent of Parallel Processing
• 12:20 Narrow ANI & General AGI - how close are we to the latter?
• 21:07 Impact on Working People's Lives
• 27:21 Negative Considerations - cybersecurity & kill switches
• 32:27 Impact on Wider Market & Investing
• 37:32 Large Cap vs Small Cap - the 'Barbell Effect'
• 43:01 Stock Picking vs Algorithmic Trading
• 48:34 Fundamental Investment Process
• 53:26 Implications for the Financial Industry
• 56:41 Investment Edge
• 59:53 Summary
• 01:03:26 Jim's Recommended Sources

Show notes:

Chamath Palihapitiya - the 'Barbell Effect' (06:00-07:30)

Ted Talk: Sam Harris How Can We Build AI Without Losing Control Over It?

Wait But Why? The Artificial Intelligence Revolution

Nick Bostrom - Superintelligence; Paths, Dangers, Strategie