{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Leadership for the Physical AI Age","title":"Ep 9: Cutting Rates with Robots: Capital Flows and the Deflationary Power of Physical AI","html":"","width":"100%","height":180,"duration":1497,"description":"What if the fastest way to cut interest rates for the whole world is to teach machines to mine?\nDaniel Dangoor (Investments and Treasury) and Nick Shelton return for Episode 9, and this time we follow the money. Capital has been pouring into the poster children of Physical AI, drones, humanoid robots, and driverless cars, while the real prize sits underneath: machines that sense, extract, and build in the physical economy.\nIn this episode:\nThe deflation thesis: when Physical AI cuts the cost of mining and energy, supply rises, commodity prices fall, and the world gets easing no central bank can deliver. The iPhone economy already proved the mechanism.\nWhy the middle of the commodity supply chain gets crushed in every cycle, and what junior miners teach us about survival.\nThe hyperscaling question: software was the one sector that could scale 100x, and AI just ended that monopoly. Where do outsized returns come from in a physical world?\nWhoever has more robots wins: the case for effectively infinite capital flowing into robotics, and why debt that builds GDP is not the problem people think it is.\nIndustry 3.0 to 6.0: from the space race that created Intel to the coming era where machines lead.\nThe people side: why Silicon Valley is hiring problem solvers, because nobody can define an AI engineer yet.\nDan closes with the best analogy of the series so far: when a person loses one sense, the others sharpen. When humanity hands its base skills to machines, watch what the remaining ones do.","thumbnail_url":"https://img.transistorcdn.com/Ihrz8HSnPRaMTVxRNvisLmWsNDNh5xUG7H6qCEdVfDQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81MTgw/ZGIxM2UxOTE2ZGRl/OGFhMGE5Y2JhOTFh/ZGUwOC53ZWJw.webp","thumbnail_width":300,"thumbnail_height":300}