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Is AI a bubble, and will it pop like the dot-com crash? Jon Bond, co-founder of the legendary ad agency Kirshenbaum Bond + Partners, has seen this movie before. He predicts 95% of today's AI companies will be gone, and asks the big question of the AI gold rush: what are the picks and shovels?
In the late '90s, Jon took an idea called Wattage Monitor public, and it was valued at $250 million. Then Enron blew up energy deregulation and the company went to zero. In this episode of The Human Code, Jon and host Don Finley compare the AI bubble with the dot-com bubble, and talk about why "human slop" is a bigger problem than AI slop, what AI means for entry-level jobs, and how to use AI for mass personalization without sounding like spam.
In this episode:
• AI bubble vs dot-com bubble: land grab, overvaluation, crash, a few winners
• What are the picks and shovels of the AI gold rush?
• AI slop vs human slop: where do you think AI learned it?
• Why the same 10 people show up on every project
• Entry-level jobs, the U-shaped hiring curve and the future of work
• The huge middle of your network: recency, frequency and mass personalization
• How AI-written personal emails to 30 past guests brought 5 referrals in one day
• The singularity, AI regulation, China and open-weight models
• Monopolies, fewer IPOs and keeping value in local markets
• The "near future" rule: be one step ahead, not ten
• Agentic search vs SEO, TikTok Shop and where marketing is heading
CHAPTERS
00:00 Intro: Jon Bond on humanity and technology
00:00 Wattage Monitor: from $250M to zero after Enron
00:00 Greed, fear and why tech makes markets move faster
00:00 Entry-level jobs and the U-shaped hiring curve
00:00 Attention spans and marketing to goldfish
00:00 "We've seen this movie before": 95% of AI companies will fail
00:00 What are the picks and shovels of AI?
00:00 AI slop vs human slop
00:00 The same 10 stars on every project
00:00 5 million new businesses a year
00:00 Your network: the huge middle you're missing
00:00 Mass personalization with AI: 30 emails, 5 referrals
00:00 The singularity, regulation and open-weight models
00:00 Monopolies, IPOs and local markets
00:00 The near future: be one step ahead
00:00 Final advice: agentic search, TikTok Shop and where to jump in
🎧 Listen to The Human Code:
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🍎 Apple Podcasts: https://podcasts.apple.com/us/podcast/the-human-code/id1738092975
📝 Blog: https://findustries.co/blog/
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The Human Code, hosted by Don Finley, explores the intersection of technology, leadership and personal growth.
#AIBubble #AIGoldRush #FutureOfWork
Sponsored by FINdustries
Hosted by Don Finley
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AI governance is now the most important question in tech: when an AI agent makes decisions on your behalf, can you still step in and stop it? Don Finley sits down with Ravi S. Bhagavatula, PhD, CFA, Managing Partner of WFA Global Investments and a former MD at UBS and AIG, and author of "Bounded Agency: Who Is in Control in the Age of AI?", to break down the 6 controls every AI agent needs.
Ravi is a theoretical physicist turned multi-strategy investor with over three decades in finance, quantitative trading and applied AI. Building on Herbert Simon's "bounded rationality," he argues that humans had limited cognition, but AI's limit is control. That's why agentic AI needs bounded agency to preserve human agency.
In this episode:
• The 6 primitives of bounded agency: authority boundaries, tempo matching, intervention rights, reauthorization cycles, rollback/degradation controls and accountability mapping
• Why "reclaimability" should be a test on every AI deployment
• The real story of an AI agent that deleted 4 servers in seconds
• How to govern multi-agent systems and sub-agents (who sets the boundaries?)
• Is AI making us stop thinking? Judgment vs. intelligence
• The Entrepreneur's Journey: mapping the Bhagavad Gita's 18 chapters to founder, leadership and stewardship phases
• Why responsibility, not capability, is the future of AI in finance and business
CHAPTERS
00:00 Intro: Humanity and technology in the age of AI
00:00 A shovel that chooses where it digs
00:00 Can we intervene when AI decides for us?
00:00 The AI agent that deleted 4 servers
00:00 Bounded agency: the 6 controls of AI governance
00:00 Herbert Simon and bounded rationality
00:00 Reclaimability and the paperclip problem
00:00 Governing multi-agent systems and sub-agents
00:00 Is AI weakening critical thinking?
00:00 The Entrepreneur's Journey and the Bhagavad Gita
00:00 Responsibility: final advice for leaders
📚 Ravi's books:
Bounded Agency: Who Is in Control in the Age of AI? https://www.amazon.com/dp/B0GYKPXKJ6
The Entrepreneur's Journey (A Gita-Inspired 18-Stage Framework): https://www.amazon.com/dp/B0GX312XCN
Bounded Agency in AI Systems - Ravi S Bhagavatula: https://ravisbhagavatula.substack.com/p/bounded-agency-in-ai-systems
Action Under Uncertainty - Ravi S Bhagavatula: https://ravisbhagavatula.substack.com/p/action-under-uncertainty
Substack: https://ravisbhagavatula.substack.com/
🎧 Listen to The Human Code:
🌐 Website: https://thehumancode.buzzsprout.com
🎵 Spotify: https://open.spotify.com/show/6SdOzNrG63cUIYz6rUri68
🍎 Apple Podcasts: https://podcasts.apple.com/us/podcast/the-human-code/id1738092975
📝 Blog: https://findustries.co/blog/
📧 Newsletter: https://findustries.beehiiv.com/subscribe
📸 Instagram: https://www.instagram.com/findustriesllc
📱 TikTok: https://www.tiktok.com/@donfinley815
The Human Code, hosted by Don Finley, explores the intersection of technology, leadership and personal growth.
#AIGovernance #AgenticAI #AIAgents
Sponsored by FINdustries
Hosted by Don Finley
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Is AI a bubble, and what does that mean for anyone starting their career right now? Wharton senior Andre Chulo (Finance + AI, University of Pennsylvania) joins Don Finley on The Human Code to break down the AI hype cycle, the future of entry-level jobs, and why human skills matter more than ever.
Andre shares what he saw working with hyperscalers at Accenture, why he doesn't buy the AGI hype yet, and how startups can build a real moat by solving the problems AI creates rather than competing with the frontier labs.
In this episode:
• Why AI is turning the corporate "pyramid" into a "diamond," and what that means for analyst and entry-level roles
• Are we in an AI bubble? Scaling laws, compute costs and the ROI gap
• Circular AI funding: NVIDIA, AI labs and what happens if the chain breaks
• How startups can build a moat: distribution, and solving AI's knock-on effects (like GEO, generative engine optimization)
• Lessons from the dot-com bubble: Cisco, Amazon and building resilient businesses
• Should pre-professionals ignore AI and focus on critical thinking and soft skills?
• Why skeptical users get better answers from AI
• US vs China: distillation, energy infrastructure and regulatory moats
• Why open-weight and open-source AI models matter
Chapters:
00:00 Intro: Andre Chulo, Wharton Finance & AI
00:00 AI and the "diamond" org chart: entry-level jobs at risk
00:00 Why Andre doesn't buy the AGI hype (yet)
00:00 Is AI in a bubble?
00:00 Hyperscalers, demand and circular funding
00:00 How startups build a moat in the AI era
00:00 Dot-com lessons: Cisco vs Amazon
00:00 Preparing your career: soft skills vs AI skills
00:00 Skeptics vs blind trust: getting better AI output
00:00 New roles AI will create: agents and workflow coordination
00:00 Geopolitics: US, China, Europe and Mistral
00:00 Open-weight models and who decides AI's future
00:00 Closing thoughts
Listen & follow The Human Code:
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🌐 https://thehumancode.buzzsprout.com
🎵 https://open.spotify.com/show/6SdOzNrG63cUIYz6rUri68
🍎 https://podcasts.apple.com/us/podcast/the-human-code/id1738092975
📝 https://findustries.co/blog/
📧 https://findustries.beehiiv.com/subscribe
📸 https://www.instagram.com/findustriesllc
📱 https://www.tiktok.com/@donfinley815
#AIBubble #ArtificialIntelligence #FutureOfWork #TheHumanCode #AGI
Sponsored by FINdustries
Hosted by Don Finley
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In this episode of The Human Code, host Don sits down with guest Alan MacAulay to discuss the critical intersection between humanity, process discipline, and rapidly advancing technology.
Alan shares his journey from a background in civil engineering to bringing operational rigor and project management to the IT world. The conversation dives deep into the current wave of artificial intelligence, addressing the anxieties facing modern business leaders, the necessity of strong change management, and why putting people at the center of business strategy remains essential. Additionally, Alan highlights the importance of demanding proven ROI, critically evaluating software tools, and running pilots before committing to technology solutions.
Table of Contents
00:00 – Hook & Key Highlights
A brief opening highlighting the core message on bringing process discipline to business technology, keeping people at the center during the AI influx, and requiring preliminary evidence of value before adopting new tools.
01:06 – Introduction & Alan’s Background
Don welcomes Alan MacAulay to The Human Code. Alan reflects on his non-technical background in civil engineering and how applying discipline and process management opened doors in the early tech industry.
04:26 – Navigating AI and Prioritizing the Human Element
Discussion on how technology rapidly evolves while human needs remain constant. Alan emphasizes the necessity of leadership empathy, maintaining good judgment, and addressing employee anxiety around AI adoption.
06:47 – Fix the Operating Model Before Adding Tech
Why implementing technology or AI will not resolve flawed operational priorities, weak management, or fragmented organizational accountability.
09:20 – People, Process, Tech, and AI Governance
A look at the balancing act between people, processes, and tools. Don and Alan explore current AI risks, the call for controlled frameworks, and the need for global AI governance.
16:06 – Evolutionary Technology & Managing Workplace Change
Reflecting on tech shifts over time and how hyper-personalized communication strategies can improve change management within organizations.
21:14 – Critiquing Tech Promises & Demanding Evidence of ROI
Alan outlines actionable advice for leaders: asking for evidence of value, challenging software pitches, avoiding unnecessary tools, and conducting pilots to solve actual business problems.
26:01 – Closing Remarks
Don summarizes key takeaways on ROI, empathy, and pilot testing, and Alan shares final thoughts on the power of open dialogue surrounding AI.
Sponsored by FINdustries
Hosted by Don Finley
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In this episode, venture capitalist Rahul Parekh from 2150 discusses how artificial intelligence is moving beyond screen-based applications and directly impacting heavy industries like energy, construction, and transport. Drawing from his experience as both an operator and a parent, Rahul shares valuable insights on venture capital, the realities of tech adoption, human behavior, and what the future of work holds for the next generation.
Table of Contents
00:00 – Introduction: Technology, Real-World Capability, and Human Behavior
00:56 – Speaker Background & Transition into Venture Capital
02:49 – The Value of Operator Experience for VCs
04:39 – Applying AI to Physical World Systems
06:40 – Portfolio Example: Gigaton and Industrial AI Control
07:57 – Trust, Explainability, and Human Factors in Heavy Industry
08:37 – The Impact of AI on Labor Markets & Job Creation
10:48 – Case Study: Superite & First-Principles Logistics Design
13:34 – Venture Capital Investment Thesis at 2150
14:36 – Preparing the Next Generation for an AI-Driven World
18:41 – Essential Skills for Future Entrepreneurs & Children
20:42 – How Parenting and Execution Impact Product Adoption
24:01 – Final Thoughts & The Real Challenge of Change Management
Sponsored by FINdustries
Hosted by Don Finley
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In this episode, host sits down with Jade Zhou to discuss the powerful intersection of humanity, technology, and healthcare. Drawing from over 10 years of academic experience, Jade explains how AI is revolutionizing clinical decision-making by significantly speeding up diagnostic conclusions while saving immense labor costs in the US healthcare system. They dive deep into what it truly means to build "trustworthy AI," the risks of over-relying on code generation ("vibe coding"), and why the human element must always remain at the center of final judgments. Wrapping up with a fascinating story of an IT professional inventing a drug to save his dog, this conversation sheds light on how AI will completely transform the future of education, hiring, and problem-solving.
Table of Contents
Introduction and the Intersection of Humanity and Technology (00:00 - 03:22)
The episode opens with a brief overview of healthcare costs and GDP before formally introducing academic and AI specialist Jade Zhou. Jade shares her background in electrical engineering and computer science, explaining what motivated her to focus her technological expertise on the highly expensive US healthcare system and humanity.
AI for Clinical Decisions and Healthcare Efficiency (03:22 - 05:24)
Jade outlines the primary benefits of bringing AI into healthcare: optimizing clinical decision-making, increasing system efficiency, and cutting down on expensive human labor costs. The speaker also addresses the high stakes of utilizing language models in a space as critical as personal health.
Defining Trustworthy AI and the Role of Humans (05:24 - 08:45)
This section covers why healthcare AI requires near-perfect accuracy and clear evidence instead of typical, conversational chatbot outputs. Jade highlights that AI's best use case is assisting doctors to gather evidence in days rather than weeks, rather than replacing them entirely. The host also chimes in with an anecdote illustrating how human expertise shapes the quality of AI outputs.
Evaluating AI, Vibe Coding, and Training Students (08:45 - 12:48)
Jade explores trustworthiness from an educational and technical lens, discussing how she teaches her students to critically evaluate AI conclusions from multiple angles. They examine the challenges of "vibe coding" and generating massive blocks of software code, noting that excessive AI trust can lead engineers to overlook severe structural or maintenance flaws.
Barriers to Adoption and Decomposing Complex Problems (12:48 - 19:48)
The conversation shifts to strategies for breaking down massive, complex problems into small, verifiable steps so human operators maintain control. Jade touches on the existing barriers to adoption, including domain experts who outright reject AI, technical engineers who lack clinical domain knowledge, and the bottleneck of the FDA drug approval process.
The Future of Education, Hiring, and Problem Solving (19:48 - 25:24)
Jade emphasizes that AI will dissolve traditional boundaries between academic majors and completely transform company hiring habits. She shares an inspiring story of an IT professional from Australia who successfully used ChatGPT to cross-validate data and invent a life-saving drug compound for his dog. The episode concludes with a discussion on how modern professionals must pivot to measuring judgment, neutrality, and problem decomposition.
Sponsored by FINdustries
Hosted by Don Finley
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In this episode, host Don sits down with computer science PhD and tech entrepreneur Andrey Bachvarov to explore the rapidly blurring lines between humanity and technology. From selling his IT company ahead of the 2025 AI wave to implementing air-gapped models for classified defense data, Andrey shares his profound insights on what he calls "AI possession." They discuss the shift from human-in-the-loop workflows to self-improving multi-agent systems, the geopolitical race for chip dominance, and the looming threat of digital poverty. Ultimately, Andrey argues that as we move closer to a cyborg future, our survival depends not on better algorithms, but on preserving an un-automatable internal temple of core human values and critical thinking.
Table of Contents
Sponsored by FINdustries
Hosted by Don Finley
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In this episode of The Human Code, host sits down with Shani Zanesco, the founder and manager of Universe Partners. Shani shares her unique transition from a background in foreign policy and diplomacy to venture capital. They dive deep into her investment thesis on "resilience tech," exploring how technology can help humanity adapt, strengthen, and find flexibility in an ever-changing physical world. Shani also breaks down what she looks for in early-stage founders, the shift from software back to hardware, and why the future of tech relies heavily on solving basic infrastructure challenges like logistics, energy, and supply chains.
Table of Contents:
Introduction to Shani Zanesco (00:46)
The host welcomes Shani Zanesco to the show to discuss her unique background and interest in the intersection of humanity and technology.
From Diplomacy to Venture Capital (01:16)
Shani discusses her transition from foreign policy to tech after finding her "tribe" while working on academic collaborations in regenerative medicine.
The Vision of Resilience Tech (03:38)
Shani explains her vision for Universe Partners and her core thesis on investing in technologies that build strength, adaptability, and flexibility in a changing world.
Traits of Resilient Founders (11:23)
Shani highlights the common characteristics she looks for when partnering with early-stage founders, emphasizing integrity and genuine intent over standard "hustler" stereotypes.
The Future of Investing and the Return to Hardware (14:13)
The discussion shifts toward the long-term outlook of venture capital, moving past short-term software hypes and returning to the foundational physical world of hardware and atoms.
Opportunities to Help Humanity (21:43)
Shani identifies major tech opportunities in addressing neglected basic infrastructure necessities like water, electricity, raw materials, and logistics.
Advice for Embracing Change (26:04)
Shani offers closing thoughts on navigating the modern technological revolution without fear, advising listeners to look for opportunities in simple, foundational areas.
Sponsored by FINdustries
Hosted by Don Finley
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In this episode of The Human Code, host Don sits down with former FBI counterintelligence operative and cybersecurity expert Eric O'Neill. They dive deep into the rapidly shifting landscape of modern espionage, explaining how traditional, old-school tradecraft has transitioned into high-stakes digital warfare. Eric reveals how cybercriminals now function exactly like corporate entities and intelligence spies, leveraging cutting-edge AI to orchestrate devastating extortion schemes and bypass sophisticated cloud backups.
From shocking $25 million deepfake Zoom scams to internal corporate AI mishaps, this conversation highlights why the human element remains the biggest vulnerability in security systems today. Tune in to discover the fundamental steps businesses must take to secure their data repositories and learn Eric's signature "PAID" methodology to protect yourself and your organization before an attack strikes.-----
Table of Contents
00:00 – Introduction to Cybercrime and Global Economics
The episode opens with an overview of how AI handles the heavy lifting for modern hackers and how dark web cybercrime has ballooned into a $12 trillion annual industry, making it the third-largest economy on Earth.
00:51 – Meet Eric O'Neill: From Psychology to Catching Spies
Host Don introduces former FBI counterintelligence operative Eric O'Neill, who discusses his background in psychology and how his government training in catching physical spies translates to hunting digital threat actors today.
03:06 – Spies vs. Cybercriminals: The Evolution of Tradecraft
Eric explains how old-school espionage tactics—like cultivating targets at local bars—have evolved into 10-minute spear-phishing campaigns. He details how the only difference between a state spy and a cybercriminal is the ultimate objective: stealing data quietly versus destroying infrastructure for an extortion payout.
08:52 – The Death of Ransomware & the New "Mafia" Shakedown
A discussion on why traditional ransomware encryption is failing due to cloud backups, forcing syndicates to pivot to data-theft extortion and leveraging stolen corporate insurance policies to force multi-million dollar payouts.
12:26 – State-Sponsored Syndicates and AI Defense
Insights into how top-tier hackers operate safely from jurisdictions without US extradition, often moonlighting for foreign intelligence units. Eric outlines the critical need to deploy offensive, environment-monitoring AI to fight back against malicious AI threats.
16:51 – Foundational Steps for Business Cybersecurity
Eric breaks down the immediate actions small and mid-sized businesses must take, detailing the dangers of relying solely on baseline security software, the necessity of data compartmentalization, and the purging of corporate "ghost accounts".
18:51 – Eradicating Passwords for Multi-Factor Authentication
A passionate case for why traditional passwords are completely useless and an exploration of why biometric ID and smartphone authenticator apps provide vastly superior baseline protection.
20:30 – Case Studies: The $25M Deepfake Zoom Scam & Microsoft Copilot Mishaps
An analysis of real-world security breaches, highlighting a beach city vendor intercept scam, a $25 million wire fraud operation executed via a deepfake Zoom conference in Hong Kong, and an unmanaged AI rollout that exposed confidential corporate layoff lists.
28:08 – The P.A.I.D. Methodology
Eric shares his core multi-step framework derived from FBI academy training—Prepare, Assess, Investigate, and Decide—explaining how individuals and executives can apply it to disrupt social engineering and psychological manipulation.
Sponsored by FINdustries
Hosted by Don Finley
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In this episode of The Human Code, host and technology executive Alain Briancon explore the intricate relationship between human creation and technological evolution. They discuss the critical shift from validating software at a single moment in time to validating it continuously over time and context. Alain shares valuable insights into why advanced AI systems need to be met with rigorous testing, purpose-driven design, and hard guardrails rather than blind acceptance. Tune in to hear his expert advice for young professionals and corporate executives on navigating the era of artificial intelligence with unwavering curiosity and counterfactual judgment.
00:14 Introduction and Career Journey: The host welcomes the guest to the show, and the guest discusses his engineering background in computer science, mathematics, and statistics, explaining what draws him to the intersection of humanity and technology.
03:29 Designing with Purpose: Physical Products vs. Digital Software The guest contrasts his work on physical devices, nanotechnology inks, and hardware with the fluid nature of software, emphasizing that understanding the core purpose of a product is essential for meaningful design.
07:13 The Evolutionary Shift in Software and AI User Experience Using Steve Jobs's introduction of the iPhone as a point of reference, the guest details how AI is transforming software from a static experience into a continuous, context-driven interaction that adapts to human needs over time.
13:32 The Disappearance of Rigor and the Importance of Red Teaming The guest warns that society is becoming too relaxed with AI, losing the appetite to ask tough questions or challenge systems because these models are naturally tuned to give agreeable, positive responses.
20:13 AI in Market Research and Synthetic Records The guest explains how his company utilizes AI for synthetic respondents in market research and details why repeatedly asking "why" yields much more powerful guiding principles for decisions.
24:00 Human Intuition vs. Machine Perspectives A deep dive into how human perspectives can be insular, leading to overfitting, and the emotional challenges we face when software or agents prove our assumptions wrong.
28:00 AGI Adoption and the Thinking Food Chain The conversation turns to Artificial General Intelligence (AGI), exploring whether humans will remain at the top of the thinking chain and how emotional acceptance dictates our arrival at AGI.
31:20 Machine Sentience, Guardrails, and Autonomous Warfare The guest tackles the concept of machine consciousness, the acceptance of autonomous lethal drones in modern warfare, and why establishing strict guardrails matters much more than whether a machine is truly sentient.
36:08 Advice for Young Professionals and Corporate Executives The guest shares his pool-side advice for high schoolers and insights for managers: invest in understanding non-software contexts, maintain curiosity, utilize counterfactual analysis, and never let technology replace human judgment.
Sponsored by FINdustries
Hosted by Don Finley
From the publisher's feed
The Human Code" podcast unravels the intricate blend of technology, leadership, and personal growth, featuring insights from visionary leaders and innovators shaping the future. Host Don Finley…