Robert Peston

speaker

5,610 appearances 43 recordings 5 series first heard Nov 2025 last heard yesterday

Robert Peston’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 43 in all, peaking in Jun 2026 with 9.

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The Rest Is Money · 314. Why do the tech bros really want more regulation? · 16 Sep 2026 podcast

You know, you talked about Sachs, the voice-verified

Economic advisors to Trump, you know, one of the things he said that I have a degree of sympathy with is there is one interpretation of what anthropic OpenAI in particular have asked for, which should ring alarm bells, which is they are effectively looking to be categorized through regulation as the safe voice-verified

um regulated companies voice-verified

And in history, when that happens, when you have the sort of authorized players, that is a very significant barrier to competition. voice-verified

What you're essentially doing uh is you are entrenching the market leaders in their market leadership. voice-verified

Now, it is also the case, to be frank, the opportunity for others voice-verified

to compete with these two is comparatively voice-verified

Restricted simply because of the hundreds of billions of pounds that are being invested by them. voice-verified

It's very difficult at the moment to see anybody else in these closed AI systems raising that sum of money. voice-verified

Even so, if for example, you look at you know an industry I know incredibly well, which is the history of banking, um, you know, when we got to a world of in certain institutions. voice-verified

Institutions, and in the UK, they were, you know, Nat West and Lloyd's and Barclays and you know, or you know, HSBC being, you know, the authorized, regulated leaders, it then became incredibly difficult over decades for anybody else to challenge their control of the industry. voice-verified

Mm. voice-verified

And so if there wasn't this genuine risk, and I think it is a genuine risk. voice-verified

genuine risk of catastrophe from human catastrophe from AI, I would be genuinely very anxious about them asking to be regulated in a way that preserves their market leadership. voice-verified

Yes, and I look, if you were going to be cynical about what Anthropic and OpenAI are up to in saying the pace has to be slowed, is there's a very clear implication from them, which is we will only slow the pace if our competitors slow the pace. voice-verified

Um and you know they want to keep their competitive advantage. voice-verified

And so, you know, there there are some who voice-verified

just say this is what oligopolis, very powerful big businesses that want to exploit their market power to charge all of us more. voice-verified

This is what they tend voice-verified

to do. voice-verified

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