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The Last Economy: Predicting the AI-Driven World

🔥 The Future of Finance is HERE: Join the waitlist https://rvtv.io/3IQ5Bs6 ⚪ Raoul Pal welcomes Emad Mostaque, co-founder of Stability AI and author of "The Last Economy," back to explore how AI is triggering the Economic Singularity. They discuss the potential for a deflationary shock, the rise of digital assets, and the collapse of traditional economic models as humanity transitions from a scarcity-based system to one driven by abundance and machine intelligence. Recorded on October 13, 2025 ⚪ X: @EMostaque 📣 This episode is brought to you by Figure, the platform to Earn and Borrow. Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. You can always see your BTC ownership in your FM account and verify holdings in your personal BTC vault onchain. Unlock your crypto’s potential today. 👉 Visit their app to apply for a Crypto Backed Loan today https://figuremarkets.onelink.me/Plnq... 📣 Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and employs over 100 people in the US and Europe to manage a range of products, including ETFs, private alpha strategies, and SMAs for large investors. 👉 Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them. Carefully consider the extreme risks associated with crypto before investing. Unlock the potential to showcase your brand to our global audience. Contact us at [email protected] for advertising inquiries. Timestamps: 00:00 – Sponsors 02:10 – The Exponential Age & Emad’s New Work 05:04 – Intelligence Inversion & Economics Redefined 07:00 – Generative AI as the Foundation of the Economy 08:00 – Four Types of Capital 10:00 – AI as an Economic Actor & Cognitive Takeover 14:00 – Collapse in Cost of Intelligence & Economic Singularity 19:00 – AI vs. Human Labor & Automation 22:00 – Small, Efficient Models & Localized AI 26:10 – Humans, Organizations, and Economies as AIs 28:00 – AI Outperforms Humans in Medicine & “Good Enough” Models 30:00 – AI Cost, Productivity, and Data Efficiency 36:36 – AI, Labor, Identity & Human Value in an Abundant Economy 40:27 – AI Alignment, RL, and Organizational Impact 42:18 – AI in Financial Markets & Scientific Discovery 52:03 – AI Replacing Jobs & Rethinking Value 59:04 – Full-Stack AI Initiatives & Preparing for the Singularity 1:06:10 – Agents, Simulation Reality, & Compute as Consciousness 1:08:03 – Objective Functions, Human Purpose & Survival 1:13:08 – AI Bias, Rigidity, and Geopolitical Impact 1:17:19 – AI Companions, Neural Interfaces & Physical Manifestations 1:20:29 – Investing, Retail Adoption, & the Coming Super Bubble 1:23:27 – Closing Reflections & Prepare for the Singularity Unlock the potential to showcase your brand to our global audience. Contact us at [email protected] for advertising inquiries. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com Connect with me: Twitter (X):   / raoulgmi   Instagram:   / raoulgmi   LinkedIn:   / raoul-pal-real-vision   My other work: Real Vision: https://rvtv.io/3LHYIaH Global Macro Investor: https://globalmacroinvestor.com The Exponentialist: https://realvision.com/thefuture EXPAAM: https://expaam.com Connect with Real Vision™: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Get a FREE membership: https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231...

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