Managing CIO Greg Jensen joined Joe Weisenthal and Tracy Alloway on a recent episode of Bloomberg’s Odd Lots podcast to discuss why he thinks the current moment in AI is akin to February 2020—when the threat posed by COVID was rapidly growing but society was unprepared—and what needs to be done about it. Greg discusses why he thinks the Hugging Face hack is a serious warning shot for how dangerously capable and independent AI already is today, and why the possibility of catastrophic outcomes from increasingly capable AI should be taken seriously. He lays out why regulating both the frontier labs and open-source models is needed to reduce the risk of disastrous safety outcomes—and why such regulation could be effective even given the opposing pull of US-China AI competition—as well as how a token tax could help alleviate the risk of extreme societal disruption. He also describes how Bridgewater is training and using AI to reshape its investment processes.
00:46 Introduction
05:13 The Implications of the Hugging Face Incident
13:22 AI Capability Growth and How We’re Using AI in Our Investment Process
21:46 The February 2020 Moment
28:28 The Need for AI Regulation
36:21 Who Will Capture the Value of AI?
40:00 AI Safety Risks
43:59 AI at Bridgewater
50:00 A Token Tad and Equity Distribution
58:44 Closing
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