Episode 10: Hargreaves says Bitcoin has “no intrinsic value” | OpenAI setting up Tech's TOO BIG TO FAIL?

04/11/2025 52 min

Listen "Episode 10: Hargreaves says Bitcoin has “no intrinsic value” | OpenAI setting up Tech's TOO BIG TO FAIL?"

Episode Synopsis

When the UK's largest retail investment platform prepares to sell a product it publicly states has “no intrinsic value” and "shouldn't be relied upon to help clients meet their financial goals," what does that tell you about Consumer Duty? When OpenAI obligates itself to $1 trillion in infrastructure commitments while still unprofitable, what could go wrong?In this episode of GRC in Focus, host Asad Bukhory, Asad explores how radical transparency alone might not be enough to meet Consumer Duty requirements, drawing comparison with the £11B car finance redress. Asad also explains how OpenAI could be creating tech’s TOO BIG TOO FAIL, and maps out the circular dependencies that could create systemic risks reminiscent of Nortel-Lucent vendor financing collapse that decimated the telecom sector in the 90s. He explains political incentives that make it nearly impossible for regulators to impose constraints on tech companies when "AI leadership = national security."

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