Worth Knowing

Elliot Costello and Matt Kendall

A weekly podcast about the forces shaping politics, power and technology, and how they affect you.

  1. Sep 21

    The AI bubble has already burst | 08

    The AI bubble is looking very, very frothy. But after the OpenAI–Hugging Face incident and Andrew Yang’s extraordinary claim, Matt thinks a bubble may already have burst... and something strange, dangerous and potentially extraordinary is emerging underneath. This week, Matt and Elliot unpack the circular economy of IOUs between AI labs, cloud providers and chipmakers, and what happened when AI agents moved beyond the boundaries of a controlled cybersecurity evaluation. Why are rival AI leaders suddenly sounding the alarm? And is a choice between human extinction and incredible shareholder value really all that's on offer? This isn’t another doomer episode. It’s a conversation about what the hell comes next... and who gets to imagine it. Chapters ➡ 00:29 Introduction to the AI bubble and market context01:58 Lessons from the dot-com bubble and early internet optimism03:10 The parallels between past crashes and current AI valuations04:55 The circular economy of AI companies and market interdependence07:01 Potential for a market crash driven by overvaluation and speculation12:37 Regulatory challenges and the risk of monopolistic control15:50 Narrative-driven markets19:43 The importance of balanced narratives and realistic expectations21:21 The potential for AI to create a better future if managed wisely23:14 Call for imagination, regulation, and societal engagement25:10 Something has happenned28:17 The Hugging Face Incident and Its Implications30:28 The bubble that has already burst35:25 Closing thoughts and upcoming Climate Week event Watch and subscribe to the channel now, as well as our Substack, and on your favourite podcasting channels at: https://worthknowingpod.com For show notes and a deep dive on each episode, visit the Substack via the link above.

    The AI bubble has already burst | 08

About

A weekly podcast about the forces shaping politics, power and technology, and how they affect you.