The Banks Aren't Holding The AI Financial Risk — The Public Is — We Had To React

This Isn't Just Technology — It's A Weapons Race — We Had To React

Welcome back to Impact Theory, I’m Tom Bilyeu. Today, we’re cutting through the noise around artificial intelligence—addressing both the real and overblown fears dominating the headlines. Together with Derek Thompson, we’re taking a hard look at where AI is actually headed: from viral but out-of-touch startup launches to the unprecedented investments pouring in from America’s biggest tech giants. We’ll explore whether the AI sector is in a dangerous bubble or just getting started, what the US-China AI arms race means for the future, and how these innovations are reshaping everything from our jobs to our culture. We’ll also confront the tough ethical questions—like the destruction of rare books for AI training—and what all of this means for you, me, and everyone trying to navigate this seismic technological shift. If you want the real story on where AI stands and where it’s going, you’re in the right place. Quince: Free shipping and 365-day returns at https://quince.com/impactpod [https://quince.com/impactpod] Whatnot: Download the Whatnot app today and get free shipping on your first order. Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impact [https://quo.com/impact] Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact [https://incogni.com/impact]  Pique: 20% off at https://piquelife.com/impact [https://piquelife.com/impact] Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact [https://shopify.com/impact] Surfshark: Go to https://surfshark.com/TOMB [https://surfshark.com/TOMB]or use code TOMB at checkout to get 4 extra months of Surfshark!  ATT Business: Switch to AT&T Business at business.att.com [http://business.att.com] Ketone IQ: Visit https://ketone.com/IMPACT [https://ketone.com/IMPACT] for 30% OFF your subscription order Netsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory [https://netsuite.ai/Theory]. What's up, everybody? It's Tom Bilyeu here: If you want my help... * STARTING a business: join me here at ZERO TO FOUNDER [https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show]:  * https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show [https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show] * * SCALING a business: see if you qualify here. [https://tombilyeu.com/call]:  * https://tombilyeu.com/call [https://tombilyeu.com/call] * Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. [https://tombilyeu.com/]: https://tombilyeu.com/ [https://tombilyeu.com/] FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ [https://www.instagram.com/tombilyeu/] Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en [https://www.tiktok.com/@tombilyeu?lang=en] Twitter: https://twitter.com/tombilyeu [https://twitter.com/tombilyeu] YouTube: https://www.youtube.com/@TomBilyeu [https://www.youtube.com/@TomBilyeu] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

Manufacturing Comeback, Data Center Miracles & The Collapse of U.S. Education: What’s Really Happening? | Tom Bilyeu Show

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALE [https://impacttheory.co/SCALE] Sign up for my AI Masterclass:  https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social [https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social] What’s up, everybody? Today I am bringing you an episode you absolutely cannot miss. We're diving headfirst into the burning questions around government spending, the ballooning US deficit, and the engines that drive (and threaten) our economy. But this time, it’s just me and you—no guest—because there are some realities around money, government, and culture that we’ve got to face head on. In this episode, we’re breaking down why interest payments on our national debt are spiraling out of control, how Gen Z is betting more than they’re investing, and why American education is in real trouble. We're peeling back the layers on the promises of socialism, the hard math behind who really pays, and why fiscal discipline is no longer optional—it's mission critical. If you care about your future, your kids’ future, or just want to understand how the country got into this mess—and more importantly, how we get out—you need to hear this. You’ll leave with the tools to spot the real cost behind big promises, the mindset shifts we need as a culture, and the actionable steps every citizen should be judging our leaders by. If you get value from this episode, please leave a review. That’s what helps us reach more people like you who are absolutely committed to building a future they can be proud of. I’m Tom Bilyeu, and welcome to Impact Theory. Sponsors: Cash App:  Quince: Free shipping and 365-day returns at https://quince.com/impactpod [https://quince.com/impactpod] Whatnot: Download the Whatnot app today and get free shipping on your first order. Surfshark: Go to https://surfshark.com/TOMB [https://surfshark.com/TOMB]or use code TOMB at checkout to get 4 extra months of Surfshark!  ATT Business: Switch to AT&T Business at business.att.com [http://business.att.com] Horizon.ai: Go to https://horizon3.ai/IMPACTTHEORY [https://horizon3.ai/IMPACTTHEORY] and request your free NodeZero demo. No commitment required. Results in hours, not weeks. Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impact [https://quo.com/impact] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

This One Bread Story Explains Why Every Planned Economy Collapses — We Had To React

In this episode, I break down the real drivers behind economic systems like socialism and capitalism, tracing how human nature and scarcity have shaped society from the ground up. The conversation focused on why we moved from tribes to feudal kingdoms and eventually to the competitive world of capitalism, and what sparked the rise of Marxism and socialism as reactions to these systems. One concept discussed was the deep psychological desire for security—our evolutionary need to accumulate scarce resources for survival. I explore how this instinct evolved into our modern systems of ownership, productivity, and commerce, arguing that these drives cannot be separated from the systems we build. We also dig into the historical turning points that made the world less violent, allowing individuals to trade and collaborate instead of fighting over resources. Several points were raised, including what happens when economies attempt to centralize decision-making, using real-world examples like East and West Berlin and failed socialist utopias. The discussion explored how innovations—like the limited liability corporation—opened the door for more people to participate in building wealth, and why top-down economic planning always seems to run into the same problems. A key theme that emerged was that while the dream of a fairer system persists, every attempt to replace what exists brings its own set of challenges—often rediscovering the reasons certain structures evolved in the first place. As we consider the future, including the potential of AI to reshape our economies, I challenge listeners to ask: will technology finally solve the problem of scarcity and central control, or will our fundamental need for autonomy always pull us back toward individual freedom and choice? Quince: Free shipping and 365-day returns at https://quince.com/impactpod [https://quince.com/impactpod] Whatnot: Download the Whatnot app today and get free shipping on your first order. Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impact [https://quo.com/impact] Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact [https://incogni.com/impact]  Pique: 20% off at https://piquelife.com/impact [https://piquelife.com/impact] Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact [https://shopify.com/impact] Surfshark: Go to https://surfshark.com/TOMB [https://surfshark.com/TOMB]or use code TOMB at checkout to get 4 extra months of Surfshark!  ATT Business: Switch to AT&T Business at business.att.com [http://business.att.com] Ketone IQ: Visit https://ketone.com/IMPACT [https://ketone.com/IMPACT] for 30% OFF your subscription order Netsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory [https://netsuite.ai/Theory]. What's up, everybody? It's Tom Bilyeu here: If you want my help... * STARTING a business: join me here at ZERO TO FOUNDER [https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show]:  * https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show [https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show] * * SCALING a business: see if you qualify here. [https://tombilyeu.com/call]:  * https://tombilyeu.com/call [https://tombilyeu.com/call] * Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. [https://tombilyeu.com/]: https://tombilyeu.com/ [https://tombilyeu.com/] FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ [https://www.instagram.com/tombilyeu/] Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en [https://www.tiktok.com/@tombilyeu?lang=en] Twitter: https://twitter.com/tombilyeu [https://twitter.com/tombilyeu] YouTube: https://www.youtube.com/@TomBilyeu [https://www.youtube.com/@TomBilyeu] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

NVIDIA’s $500 Billion Gamble, A.I. Doctor Revolution, & Rent Strikes Gone Wild | The Tom Bilyeu Show

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALE [https://impacttheory.co/SCALE] Sign up for my AI Masterclass:  https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social What's up, guys? Today I've got a mind-blowing episode for you with one of the most innovative thinkers in the world of artificial intelligence—Jensen Huang, the legendary CEO of NVIDIA. This is the guy who’s reshaping entire industries and basically powering the AI revolution itself. Now, I wanted to have Jensen on because he’s not just building chips; he’s pioneering the future of intelligence as a commodity. We get into the weeds on how AI is transforming the way we work, how data centers are becoming the new artificial brains, and what all of this means for you—whether you’re an investor, an entrepreneur, or just someone trying to keep up with the pace of change. We go deep on the risks and rewards of AI financing, how to thrive in a world of rapid technological disruption, and why the next decade is going to redefine who wins and who gets left behind. If you care about making sense of our wild economic system, protecting your future, and using technology to level up, this is an episode you cannot afford to miss. I hope you guys get as much value from this conversation as I did. And if you do, don’t forget to drop a review—that's how we get this message out to the people who need it most. I’m Tom Bilyeu, and welcome to Impact Theory. Sponsors: Quince: Free shipping and 365-day returns at https://quince.com/impactpod [https://quince.com/impactpod] Whatnot: Download the Whatnot app today and get free shipping on your first order. Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impact [https://quo.com/impact] Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact [https://incogni.com/impact]  Pique: 20% off at https://piquelife.com/impact [https://piquelife.com/impact] Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact [https://shopify.com/impact] Surfshark: Go to https://surfshark.com/TOMB [https://surfshark.com/TOMB]or use code TOMB at checkout to get 4 extra months of Surfshark!  ATT Business: Switch to AT&T Business at business.att.com [http://business.att.com] Ketone IQ: Visit https://ketone.com/IMPACT [https://ketone.com/IMPACT] for 30% OFF your subscription order Netsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory [https://netsuite.ai/Theory]. See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

The Banks Aren't Holding The AI Financial Risk — The Public Is — We Had To React

Welcome back to Impact Theory with Tom Bilyeu. In today’s episode, we dive deep into the risks and realities shaping the AI boom—and the hidden dangers lurking beneath the surface of the financial system powering it. Tom is joined by researcher Ed Zitron and financial analyst Stephen Yu to unravel how massive investments in AI, circular financing, and shadow banking are pushing unprecedented risk into the world’s economy. We’ll explore how companies like Microsoft, Google, and Amazon are propping up unprofitable AI ventures, why much of the industry’s growth is riding on just a few players, and what this means for your 401(k) and the broader financial landscape. From complex accounting maneuvers to eye-popping numbers behind AI data center buildouts, today’s conversation exposes the ways risk is being shifted from banks to average investors, drawing parallels to past financial crises. Is AI the new too-big-to-fail industry? Are we witnessing history repeating itself? Most importantly, how can you position yourself to weather a potential storm? Strap in as we break down the circular financing of AI, the reality behind the growth narrative, and the vital questions every investor needs to ask in this high-stakes game. Let’s get started. Quince: Free shipping and 365-day returns at https://quince.com/impactpod [https://quince.com/impactpod] Whatnot: Download the Whatnot app today and get free shipping on your first order. Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impact [https://quo.com/impact] Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact [https://incogni.com/impact]  Pique: 20% off at https://piquelife.com/impact [https://piquelife.com/impact] Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact [https://shopify.com/impact] Surfshark: Go to https://surfshark.com/TOMB [https://surfshark.com/TOMB]or use code TOMB at checkout to get 4 extra months of Surfshark!  ATT Business: Switch to AT&T Business at business.att.com [http://business.att.com] Ketone IQ: Visit https://ketone.com/IMPACT [https://ketone.com/IMPACT] for 30% OFF your subscription order Netsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory [https://netsuite.ai/Theory]. Sign up for my AI Masterclass:  https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=you [https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social] tube&utm_medium=social [https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social]  Check us out wherever you get your podcasts: Spotify:https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fd [https://open.spotify.com/show/1nARKz2vTIOb7gC9dusE4b?si=a8daffd2bf1f48fd] Apple: https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648 [https://podcasts.apple.com/us/podcast/tom-bilyeus-impact-theory/id1191775648] Do you need my help STARTING a business? Join me here inside ZERO TO FOUNDER: (https://tombilyeu.com/zero-to-founder [https://tombilyeu.com/zero-to-founder]) Get the exact systems, mindset shifts, and principles that built a $1B brand delivered straight to your inbox every week. Subscribe for free (https://tombilyeu.com) [https://tombilyeu.com] Check out our Video game - Project Kyzen: (https://projectkyzen.io/) [https://projectkyzen.io/] Catch Me Streaming on Twitch -  (https://twitch.tv/tombilyeu [https://twitch.tv/tombilyeu]) Link to IT discord: https://discord.gg/TZKJ2etPbT [https://discord.gg/TZKJ2etPbT] Tom's Favorite Things List:  https://amzn.to/41Ftt7e [https://amzn.to/41Ftt7e] For Business inquiries: connect@impacttheory.com [connect@impacttheory.com] FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ [https://www.instagram.com/tombilyeu/] Twitter: https://twitter.com/tombilyeu [https://twitter.com/tombilyeu] YouTube: https://www.youtube.com/@TomBilyeu [https://www.youtube.com/@TomBilyeu] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].