From the New York Times bestselling author of The New Great Depression and Currency Wars a
telling prediction for how AI will endanger global economic markets and security In November
2022 OpenAI released GPT-4 in a chatbot form to the public. In just two months it claimed 100
million users—the fastest app to ever reach this benchmark. Since then AI has become an
all-consuming topic popping up on the news in ads on your messenger apps and in
conversations with friends and family. But as AI becomes ubiquitous and grows at an
ever-increasing pace what does it mean for the financial markets? In MoneyGPT Wall Street
veteran and former advisor to the Department of Defense James Rickards paints a comprehensive
picture of the danger AI poses to the global financial order and the insidious ways in which
AI will threaten national security. Rickards shows how while AI is touted to increase
efficiency and lower costs its global implementation in the financial world will actually
cause chaos as selling begets selling and bank runs happen at lightning speed. AI further
benefits malicious actors Rickards argues because without human empathy or instinct to
intervene threats like total nuclear war that once felt extreme are now more likely. And
throughout all this we must remain vigilant on the question of whose values will be promoted
in the age of AI. As Rickards predicts these systems will fail when we rely on them the most.
MoneyGPT shows that the danger is not that AI will malfunction but that it will function
exactly as intended . The peril is not in the algorithms but in ourselves. And it’s up to us
to intervene with old-fashioned human logic and common sense before it’s too late.
