Why Dario Amodei and Sam Altman Are Faking the AI Doomsday Crisis | The Weekly Wrap

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On this episode of The Weekly Wrap, Steve Eisman explains why the recent extinction warnings from Dario Amodei and Sam Altman are not genuine concerns about superintelligence, but rather a deliberate shell game designed to invite government regulation and create pricing moats. Steve also covers the Fed raising rates 25 basis points to a range of 3.75%-4%, the Senate blocking the Clarity Act, an update on his FICO short, and answers two mailbags on how individual investors can diversify away from AI exposure without abandoning equities.

00:00 - Intro

01:55 - Iran War Updates

02:14 - Fed Raises Rates

04:47 - FICO Short Update

07:08 - Crypto Takes a Hit

07:53 - The AI Extinction Warnings

15:36 - Mailbag: P&C Insurance

19:36 - Mailbag: Growth in Europe

21:03 - Outro

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