Part 5/11:
The Risks of Collapsing Public Confidence
The FTX Collapse: A Cautionary Tale
A vivid example of how the tech industry can suffer from scandals is the FTX cryptocurrency fiasco, where fraudulent practices led to massive financial losses and shaken investor confidence. Such scandals tend to initiate a long-lasting negative perception, delaying or obstructing further investments and regulatory approval.
Potential 'FTX-like' Events in AI and Robotics
The speaker warns that AI and robotics are not immune to such crises. Two major scenarios could tarnish public trust: