Andrew Ross Sorkin is an anchor at CNBC, columnist at The New York Times, and author of 1929, a bestselling book about the worst market crash in history. Sorkin joins Big Technology Podcast to discuss whether AI achieving its potential could lead to a similar crash, either via a labor shock or the disruption of software. Stay tuned for the second half where we discuss private credit risks, prediction market gambling, and the SpaceX IPO. Hit play for a dynamic conversation about where AI could lead, and its potential economic benefits or consequences. You can find 1929 here: https://www.amazon.com/1929-Inside-Greatest-History-Shattered/dp/0593296966 Chapters: 0:00 Introduction 3:37 Could AI's Success Cause a Market Crash? 7:02 The Mass Unemployment Question 34:39 Private Credit Explained 39:09 Private Credit Alarm Bells 42:43 The AI Debt Risk 47:14 The Prison of Financial Mediocrity 54:38 Could We Have a 1929-Scale Crash? 56:11 Fed Independence 1:03:08 The SpaceX IPO --- Want a discount for Big Technology on Substack + Discord? Here’s 25% off for the first year: https://www.bigtechnology.com/subscribe?coupon=0843016b Enjoying Big Technology Podcast? Please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice.