{"podcast":{"title":"Capitalisn't","slug":"capitalisn-t-910873","podcast_index_feed_id":910873,"rss_url":"https://feeds.simplecast.com/XytPkydI","website_url":"https://capitalisnt.com","image_url":"https://image.simplecastcdn.com/images/2e7c76ad-7ecc-479b-8749-f0cb2f4f2dc5/448252be-b0dd-4ca9-94e2-d1edc241d7ba/3000x3000/capitalisn_t_updated_s2_v3.jpg?aid=rss_feed","author":"University of Chicago Podcast Network","episode_count":242,"summary":"We investigate how capitalism is—or more often isn’t—working in our world today. Hosted by economist Luigi Zingales and business journalist Bethany McLean, our podcast explains why capitalism can go wrong and what we can do to fix it. Send us your questions or comments by emailing capitalisntpod@gmail.com Cover photo attributions: https://www.chicagobooth.edu/research/stigler/about/capitalisnt.","last_synced_at":null,"page_url":"https://stenobird.com/podcast/capitalisn-t-910873"},"episode":{"title":"What Everyone’s Getting Wrong About AI, with Arvind Narayanan","slug":"what-everyone-s-getting-wrong-about-ai-with-arvind-narayanan","published_at":"2025-10-16T11:00:00+00:00","page_url":"https://stenobird.com/podcast/capitalisn-t-910873/what-everyone-s-getting-wrong-about-ai-with-arvind-narayanan","show_page_url":"https://stenobird.com/podcast/capitalisn-t-910873","url":"https://capitalisnt.com/episodes/what-everyones-getting-wrong-about-ai-with-arvind-narayanan-xm6v5iQ1","audio_url":"https://dts.podtrac.com/redirect.mp3/afp-920658-injected.calisto.simplecastaudio.com/912f8fce-96d2-4583-92f5-2279c08e377a/episodes/5665b69f-8d9c-470e-bd1e-182e1330922b/audio/128/default.mp3?aid=rss_feed&awCollectionId=912f8fce-96d2-4583-92f5-2279c08e377a&awEpisodeId=5665b69f-8d9c-470e-bd1e-182e1330922b&feed=XytPkydI","summary":"Every major technological revolution has come with a bubble: railroads, electricity, dot-com. Is it AI’s turn? With investments skyrocketing and market valuations reaching the trillions, the stakes are enormous. But are we witnessing a genuine revolution—or the early stages of a spectacular crash? Princeton professor Arvind Narayanan joins Luigi Zingales and Bethany McLean to explain why he believes AI’s transformative impact is overstated. Drawing on his book AI Snake Oil, co-authored with Sayash Kapoor, Narayanan argues that capitalism’s incentives can distort technological progress, pushing hype faster than reality can deliver. They examine how deregulation, geopolitical competition, and private control over data shape the trajectory of AI’s development. They also explore what could happen if the bubble bursts: massive market shocks, exposed structural weaknesses in the economy, and a wave of painful restructuring that could echo the dot-com crash—but on a far larger scale. It’s a conversation that cuts through the hype and asks what’s at stake when an entire economy bets on one technology.","meta_description":"Every major technological revolution has come with a bubble: railroads, electricity, dot-com. Is it AI’s turn? With investments skyrocketing and market va…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2910,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/capitalisn-t-910873/episodes/what-everyone-s-getting-wrong-about-ai-with-arvind-narayanan/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/capitalisn-t-910873/what-everyone-s-getting-wrong-about-ai-with-arvind-narayanan.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}