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Prof G Markets

What the AI Scare Gets Wrong

02 Mar 2026

Transcription

Chapter 1: What sparked the recent market chaos related to AI?

0.892 - 19.717 Scott Galloway

Support for the show comes from VCX, the public ticker for private tech. The U.S. stock market started history's greatest wave of wealth creation. From factory workers in Detroit to farmers in Omaha, anyone could own a piece of the great American companies. But today, our most innovative companies are staying private longer, which means everyday Americans are missing out. Until now.

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20.397 - 47.006 Scott Galloway

Introducing VCX, a public ticker for private tech. Visit GetVCX.com for more info. That's GetVCX.com. Carefully consider the investment materials before investing, including objectives, risk charges, and expenses. This and other information can be found in the funds prospectus at GetVCX.com. This is a paid sponsorship. Support for today's show comes from Darktrace.

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47.546 - 58.259 Scott Galloway

Darktrace is the cybersecurity defenders deserve and the one they need to defend beyond. Darktrace is AI cybersecurity that can stop novel threats before they become breaches across email clouds, networks, and more.

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Chapter 2: How did the Citrini Research piece impact market reactions?

58.76 - 83.514 Scott Galloway

With the power to see across your entire attack surface, cyber defenders, including IT decision makers, CISOs, and cybersecurity professionals now have the ability to stop zero days before day zero. The world needs defenders. Defenders need Darktrace. Visit darktrace.com slash defenders for more information. Today's number 57. That's the percentage of American dating app users who are men.

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83.614 - 91.767 Scott Galloway

Ed, true story. I was furious when I found my wife had a profile on Raya. That lying bitch isn't fun to be around.

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94.531 - 105.407 Unknown

I like the Ronald McDonald approach to dating.

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105.607 - 115.803 Scott Galloway

Quarter, pounder. Ooh, that's right. Claire's got her hands over her eyes. She's got her hands over her eyes. At least it's clever.

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Chapter 3: What are the implications of AI on unemployment and consumer spending?

115.903 - 117.266 Scott Galloway

How are you, Ed? I'm doing very well.

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117.887 - 124.28 Ed Elson

Back in New York. Good to be here. Oh, you did make it home. I made it home. I made it home. The blizzard was a real problem.

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124.4 - 139.028 Scott Galloway

So Ed is like an amateur traveler, like a little snowstorm, and he's stuck in London for three days. He's like, oh no, I missed a flight. I have to be here until the winter solstice and go on the Queen Mary. You're so amateur.

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139.148 - 144.48 Ed Elson

You know, I also left a sweater on the plane, so I'm not having to deal with that. So you are right. I am an amateur.

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Chapter 4: What investment opportunities arise from the current market conditions?

144.741 - 151.155 Scott Galloway

I'm sorry. Okay. Okay. Dude, do you realize how much shit? The fact you even brought that up.

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151.315 - 162.719 Ed Elson

I know. I should just go get myself a new one, right? But it's my favorite sweater. I looked online, tried to find it, couldn't find it in the right color. And so, yeah, I put the complaint in.

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162.799 - 174.243 Scott Galloway

For a sweater? Yeah. I've lost computers and passports and Panerai watches on planes, and this is what you do? Oh, I need a new computer, Panerai, or passport. You're never getting it back.

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Chapter 5: How did Trump's State of the Union address portray the state of the economy?

174.924 - 192.648 Scott Galloway

Well, how do you think these flight attendants look so good when they're not working? You think they've ever returned anything? I will check back with you. I'm going to get that sweater back. You're going to get your sweater back? Yeah. How are you? I'm doing really well. I've done a bunch of podcasts. I'm trying to figure out what to do with Resistance. I'm subscribed going into March.

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192.688 - 208.963 Scott Galloway

Do I do Meta-March? I'm doing this event next Sunday in Minneapolis. My youngest got a shadow day at a high school we were applying to, so I'm taking him to the U.S., and then I might go to the Zero Bond opening party in Vegas. So...

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Chapter 6: What are the real statistics behind the claims made in the State of the Union?

211.913 - 214.599 Scott Galloway

A little bit of chocolate and peanut butter there.

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214.739 - 218.969 Ed Elson

Do you have to go to the zero bond opening policy in Vegas?

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219.029 - 229.171 Scott Galloway

No. The correct question is, do I have to go to the fucking shadow day for my kid's high school? Daddy needs to head to Vegas. Love that.

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229.192 - 230.534 Ed Elson

Vegas. Vegas, baby.

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230.775 - 236.598 Scott Galloway

You want to come with me? Yeah, no, I'm taking Claire. I think Claire's dirtier than you. I don't think she minds me getting fucked up.

236.639 - 238.922 Ed Elson

I think Claire wants to go. I think Claire wants to go.

239.003 - 239.844 Scott Galloway

I think you should take Claire.

Chapter 7: Who are the winners and losers in the Warner Brothers Discovery bidding war?

239.864 - 263.402 Scott Galloway

You'll judge me. You seem surprisingly uncomfortable. Were my jokes that bad today? I do. You seem very uneasy. Is it because you don't have your favorite sweater? Do we need... Claire... Do we need to get Ed a plushie? Yeah, he needs a stuffed animal. Do we need to get Ed a plushie? That's what you decide to talk about on the podcast that you left a sweater on a flight.

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263.682 - 265.905 Ed Elson

I live a boring life. These things are important.

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266.146 - 267.468 Scott Galloway

You live a very exciting life.

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267.548 - 270.132 Ed Elson

I'm not going to the Zero Bond opening party in Vegas.

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Chapter 8: What does the future hold for the media landscape post-bidding war?

270.152 - 275.94 Scott Galloway

Yeah, but the problem is you're going to get more action in South by Southwest. Everyone's going to be like, can you introduce me to Ed? Well, speaking...

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275.92 - 302.294 Ed Elson

of South by Southwest. Quick shout out. We are returning to the Vox Media podcast stage at South by Southwest on Saturday, March 14th. I'm very excited about it. Scott, I think, is very excited about it. So join me and Scott at 10 a.m. for a live taping of Prof G Markets. Last year was... Honestly, pretty epic. We filled out that auditorium and we had a great time.

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302.354 - 311.014 Ed Elson

The year before that was our very first time doing a live show. Less epic, but still pretty fun. But I think this year is going to be the greatest ever.

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311.034 - 324.301 Scott Galloway

Is it another thing? Are we doing, do we have a sponsor? Are we doing it at some corporate headquarters? Are we doing it actually at South by Southwest? We're doing it at South by Southwest on the Vox Media Podcast stage, on the main stage. We're taking, I think 16 of us are going, aren't we? It's like a bunch of us.

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324.742 - 351.524 Scott Galloway

You guys stay at a shitty hotel and Daddy stays at the Austin Proper because Daddy's Daddy. But I love it there. I think it's so much fun. And please, I'm trying to be sincere, which isn't easy for me. But please come up and say hi, especially Ed's a little like pretentious and a little arrogant, thinks he's better than everyone else. Claire and I are down with the digerati at South by.

351.844 - 360.394 Ed Elson

Well, before we move on here, I'd love for you to really genuinely and passionately read the info about our special discount on the voxmedia.com website.

360.955 - 379.634 Scott Galloway

Great that they're discounting us already. That's a good sign. For more info and a special discount, visit voxmedia.com slash SXSW. That's voxmedia.com slash SXSW. We'll see you there. Oh, that's compelling copy. That's compelling copy.

379.654 - 384.518 Ed Elson

You can feel the excitement. It's palpable. Okay, let's move on.

387.041 - 393.407 Scott Galloway

Now is the time to fly. I hope you have plenty of the wherewithal.

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