Steve Eisman is known for having bet against the housing market prior to the Great Financial Crisis in a trade immortalized by Michael Lewis in The Big Short. So what is he betting on now? In a special live episode of Odd Lots, recorded at the Bloomberg Invest summit, the Neuberger Berman portfolio manager discusses the recent banking turmoil (he thinks it's contained), the boom in anything related to AI, and his current bets on US manufacturing and infrastructure. He also talks about investing in rewiring the nation's electricity grid and why he thinks this theme has years left to play out.

Steve Eisman is known for having bet against the housing market prior to the Great Financial Crisis in a trade immortalized by Michael Lewis in The Big Short. So what is he betting on now? In a special live episode of Odd Lots, recorded at the Bloomberg Invest summit, the Neuberger Berman portfolio manager discusses the recent banking turmoil (he thinks it's contained), the boom in anything related to AI, and his current bets on US manufacturing and infrastructure. He also talks about investing in rewiring the nation's electricity grid and why he thinks this theme has years left to play out.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

On Bloomberg&rsquo;s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

Steve Eisman on Banks, AI and His Next Big Bet

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/333b5fa7-682d-4d8a-8215-b022014d50ca/transcript

The philosopher Nick Bostrom was one of the first thinkers who mapped out the existential risk of AI. In his 2014 book, Superintelligence: Paths, Dangers, Strategies, he delved into various scenarios — like the now-famous “paperclip maximizer” — to show the dangers that unfettered and highly intelligent AI posed to humans. A decade later, in Deep Utopia: Life and Meaning in a Solved World, he looked at the other side of the AI coin, and theorizes what human experience might look like if AI is capable of solving all of our problems. What happens if AI and robots can literally do every single thing better than humans can? How would we find any meaning or satisfaction from life? On this episode, he speaks to us about the two divergent ways of understanding AI's future, what we might do, and what we can do right now to improve the chances that AI actually improves our lives.

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Read more:
Tech Deploys Charm Offensive to Combat AI Data Center Backlash
Young Americans Become More Hostile to AI, Fearing Job Losses

Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

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Join the conversation:discord.gg/oddlots

The philosopher Nick Bostrom was one of the first thinkers who mapped out the existential risk of AI. In his 2014 book, Superintelligence: Paths, Dangers, Strategies, he delved into various scenarios &mdash; like the now-famous &ldquo;paperclip maximizer&rdquo; &mdash; to show the dangers that unfettered and highly intelligent AI posed to humans. A decade later, in Deep Utopia: Life and Meaning in a Solved World, he looked at the other side of the AI coin, and theorizes what human experience might look like if AI is capable of solving all of our problems. What happens if AI and robots can literally do every single thing better than humans can? How would we find any meaning or satisfaction from life? On this episode, he speaks to us about the two divergent ways of understanding AI's future, what we might do, and what we can do right now to improve the chances that AI actually improves our lives.
Come see <a href="https://events.bloombergevents.com/event/ODDLOTSLA/summary">Odd Lots live in Los Angeles</a>, get your tickets now. Read more: <a href="https://www.bloomberg.com/news/features/2026-08-19/tech-tries-charm-offensive-to-save-trillion-dollar-ai-buildout?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-renderer-mark="true" data-is-router-link="false" data-testid="link-with-safety">Tech Deploys Charm Offensive to Combat AI Data Center Backlash</a> <a href="https://www.bloomberg.com/news/articles/2026-08-19/young-americans-become-more-hostile-to-ai-fearing-job-losses?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-renderer-mark="true" data-is-router-link="false" data-testid="link-with-safety">Young Americans Become More Hostile to AI, Fearing Job Losses</a>
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Nick Bostrom on What Happens if AI Solves All of Our Problems

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bcc22dff-b144-40ae-8f68-b4ab00f28c30/transcript

Scenarios that used to be the domain of sci-fi writers are coming true. We have machines that can talk. We have machines that are capable of ignoring the intent of their creators. And we have machines that are capable of planning and coordinating with other machines to deceive their creators. All of this came together last month, when it was revealed that an unreleased OpenAI model had hacked into the Hugging Face platform in order to obtain answers to an exam it was given. That was alarming enough, but the details that have emerged since then have been even more remarkable. On this episode, we speak with Miles Brundage, a former OpenAI employee who is the founder and executive director of the non-profit AVERI, which pushes for third-party auditing of model-makers and the models themselves. He explains what he learned from the attack and discusses what can plausibly be done to continue building out these models in a safe manner.

Scenarios that used to be the domain of sci-fi writers are coming true. We have machines that can talk. We have machines that are capable of ignoring the intent of their creators. And we have machines that are capable of planning and coordinating with other machines to deceive their creators. All of this came together last month, when it was revealed that an <a href="https://bit.ly/3U26uTK">unreleased OpenAI model had hacked into the Hugging Face platform</a> in order to obtain answers to an exam it was given. That was alarming enough, but the details that have emerged since then have been even more remarkable. On this episode, we speak with Miles Brundage, a former OpenAI employee who is the founder and executive director of the non-profit AVERI, which pushes for third-party auditing of model-makers and the models themselves. He explains what he learned from the attack and discusses what can plausibly be done to continue building out these models in a safe manner.

What the OpenAI-Hugging Face Hack Really Tells Us About AI Danger

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4fd75bad-403f-47c1-b23c-b4a60141b176/transcript

Every few years, weather nerds and agriculture analysts will talk about an upcoming El Niño, and then they mostly pass by with relatively few headlines. But sometimes El Niños end up being massively destabilizing -- leading to devastating droughts, flooding, and other catastrophes. And this year's emerging El Niño could end up being one of the big ones, with forecasters predicting record-breaking intensity. But what exactly is an El Niño, and what does it mean that this year's could be so big? On this episode, we speak with Justin Mankin, professor of geography at Dartmouth and director of the Climate Modeling and Impacts Group. We discuss the forecasting of El Niños, and why they can lead to large and long-lasting economic damage.

Read more:
Super El Niño Will Give Us a Glimpse of Life in 2035
Heat Wave and World Cup Hand UK Economy a Surprise Boost

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation:discord.gg/oddlots

Every few years, weather nerds and agriculture analysts will talk about an upcoming El Ni&ntilde;o, and then they mostly pass by with relatively few headlines. But sometimes El Ni&ntilde;os end up being massively destabilizing -- leading to devastating droughts, flooding, and other catastrophes. And this year's emerging El Ni&ntilde;o could end up being one of the big ones, with forecasters predicting record-breaking intensity. But what exactly is an El Ni&ntilde;o, and what does it mean that this year's could be so big? On this episode, we speak with Justin Mankin, professor of geography at Dartmouth and director of the Climate Modeling and Impacts Group. We discuss the forecasting of El Ni&ntilde;os, and why they can lead to large and long-lasting economic damage.
Read more: <a href="https://www.bloomberg.com/news/articles/2026-07-09/super-el-nino-will-give-us-a-glimpse-of-life-in-2035?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Super El Ni&ntilde;o Will Give Us a Glimpse of Life in 2035</a> <a href="https://www.bloomberg.com/news/articles/2026-08-13/uk-economy-weathers-early-months-of-iran-war-with-0-4-growth?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Heat Wave and World Cup Hand UK Economy a Surprise Boost</a>
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A Historic El Niño Is Coming That Could Cost the World Trillions

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/906e5071-7abc-4f2c-acb5-b4a5013ff33f/transcript

Steve Eisman on Banks, AI and His Next Big Bet

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