The New Invisible Hand: Machine Learning, Human Earning
Thu Nov 20 2025
In Episode 14 of The Outside Context Elliot Hentov, chief macro policy strategist at State Street Investment Management, discusses the intersection of AI and macroeconomics. He explores the current state of AI's impact on productivity, investment trends, and the implications for inflation and economic growth. The conversation also shifts into the geopolitical competition surrounding AI dominance, particularly between the US and China, and concludes with reflections on future challenges and opportunities presented by AI.
Key Takeaways:
The impact of AI on productivity is still being assessed.Investment in AI has surged significantly in recent years.AI has the potential to be deflationary by lowering costs.The geopolitical race for AI dominance is ongoing and complex.Countries that innovate in AI will likely benefit economically.The labour market is experiencing mixed effects from AI adoption.Increased longevity due to AI advancements poses challenges for society.The future of AI investment may lead to both successes and failures.
Chapters:
00:00 - Introduction to AI and Macro Economics
03:11 - The Current State of AI and Productivity
05:44 - Sectoral Impacts of AI on Employment
08:51 - Investment Trends in AI
12:04 - Macroeconomic Implications of AI Investment
14:53 - Geopolitical Competition in AI
17:52 - Future Challenges and Opportunities with AI
Connect with Us:
Follow The Outside Context on Spotify, Apple Podcasts or wherever you get your podcastsFollow Elise Soucie Watts and Jannah Patchay for more insights into the future of technology, civilisation & digital financeMessage us and tell us what you think of this episode, or share your ideas for future episodes - we’d love to hear from you!
Sponsored by Unblocked & Markets Evolution
© 2024 The Outside Context. All rights reserved.
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In Episode 14 of The Outside Context Elliot Hentov, chief macro policy strategist at State Street Investment Management, discusses the intersection of AI and macroeconomics. He explores the current state of AI's impact on productivity, investment trends, and the implications for inflation and economic growth. The conversation also shifts into the geopolitical competition surrounding AI dominance, particularly between the US and China, and concludes with reflections on future challenges and opportunities presented by AI. Key Takeaways: The impact of AI on productivity is still being assessed.Investment in AI has surged significantly in recent years.AI has the potential to be deflationary by lowering costs.The geopolitical race for AI dominance is ongoing and complex.Countries that innovate in AI will likely benefit economically.The labour market is experiencing mixed effects from AI adoption.Increased longevity due to AI advancements poses challenges for society.The future of AI investment may lead to both successes and failures. Chapters: 00:00 - Introduction to AI and Macro Economics 03:11 - The Current State of AI and Productivity 05:44 - Sectoral Impacts of AI on Employment 08:51 - Investment Trends in AI 12:04 - Macroeconomic Implications of AI Investment 14:53 - Geopolitical Competition in AI 17:52 - Future Challenges and Opportunities with AI Connect with Us: Follow The Outside Context on Spotify, Apple Podcasts or wherever you get your podcastsFollow Elise Soucie Watts and Jannah Patchay for more insights into the future of technology, civilisation & digital financeMessage us and tell us what you think of this episode, or share your ideas for future episodes - we’d love to hear from you! Sponsored by Unblocked & Markets Evolution © 2024 The Outside Context. All rights reserved.