Episode summary
Dylan Jovine | Is AI Going To Take Your Job?
Summary
Dylan Jovine argues that AI has reached a point where governments should at least review powerful new models before release, and he says he agrees with the Trump administration’s reported plan to let a committee get a first look. He frames the issue as less about stopping AI than about acknowledging that the technology is becoming fast, self-improving, and capable of creating real security and economic risks.
He says AI models are now writing their own code, fixing their own software, and exposing vulnerabilities that hackers could exploit. He points to Anthropic’s Mythos model as an example, saying it reportedly revealed flaws at JPMorgan, Bank of America, and other institutions. In his view, that kind of capability raises national security concerns and even potential military applications.
Jovine also warns that AI could disrupt employment quickly, especially for software programmers, but he argues the answer is not to create an FDA-like approval process that slows innovation too much. He says the challenge is to get a first peek, then let the technology move forward without locking in today’s dominant companies.
Key takeaways
- Jovine supports the Trump administration’s idea of giving the government a first look at new AI models because he thinks the risks are now serious.
- He says AI is unusual because the models can improve themselves by writing code and fixing software, unlike prior technologies.
- Jovine says Anthropic’s Mythos model reportedly exposed security flaws at JPMorgan and Bank of America, which he treats as a national security warning sign.
- He argues AI could displace jobs rapidly, especially software programmers, and says workers need to get comfortable with AI quickly.
- He warns against an FDA-style regulatory regime for AI because it could slow innovation and entrench the biggest companies.
Notable quotes
“AI is not going to take the jobs, but people who know AI will take jobs from people who don't”
“It's the first time in human history that we've actually had a product that can improve itself”
“It was able to go into all of their code really quickly and expose all the flaws that a hacker could use”
“The challenge for the US and every country really is to actually not create an FDA for AI”
How the episode opens
Good morning. This is Dylan Jovineaux behind the markets. Happy Wednesday.
Today is Wednesday, May 6th. It is very rare that I offer any praise to the government. But once in a while, I've never gone to like the DMV and said, "These people should run more of my life.
But once in a while, you got to give credit where credit is due. President Trump is looking at putting together a committee to actually approve or not to get a first look at these AI models. In other words, these models are becoming so powerful that they really present a bunch of risks.
And when you poll Americans, when you read these polls, seems that most Americans now actually are more afraid of them. They feel anxiety about whether these models will take their jobs, will raise their electricity costs, data center build-out, et cetera, et cetera. So, there's less focus on whether the opportunities that come from AI.
And there's an expression I've been saying to my kids. My daughter is 17 and she says, "AI, are there going to be any jobs? Is AI going to take over jobs?
I said, "Look, AI is not going to take the jobs, but people who know AI will take jobs from people who don't. So, you got to really get hip to this kind of stuff already, very, very quickly. But it speaks to the real significance of this technology and really what it means.
Basically, these AI models are actually advancing. They're writing their own code and fixing their own software and making their own software, which makes it very unique in the history of all technologies. You think about the Gilded Age, the railroads across America.
You have new technologies. You think about the internet boom, the dot-com boom.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- ai regulation
- job displacement
- model self-improvement
- financial institution vulnerabilities
- international labor rules
Companies and tickers mentioned
- JPM
- BAC
- Anthropic
- JPMorgan Chase
- Bank of America
Watch the episode
Watch “Dylan Jovine | Is AI Going To Take Your Job?” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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