Joe Biden has a plan to take over the oil companies and make them do exactly what he says they need to do to survive in the 21st century. Will they stand up to him? Will they fight back?
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01:41:18.400So Jeff, before we move on to AI, real quick, do you, are we investing enough in these companies?
01:41:39.540I mean, we are cutting our own throat right now by shutting everything down, and I think it would be much more logical to keep it going until we had this technology that we may be very close to.
01:41:54.300Once you get it up and running and it's stable, then shut everything else down and use it as backup in case you have to have it.
01:42:05.060Are we getting the right – are things being funded, and do you think the powers that be will actually allow these things to be introduced?
01:42:22.020I think we should have had a Manhattan Project-style investment with very large economic incentives in place at least a decade ago to aggressively tackle this clean energy issue and invest in nuclear fusion,
01:42:40.880which I really see as the only true clean energy solution that can fuel our baseload power requirements,
01:42:49.940the kind of power that's required to run our factories and our neighborhoods and our cities.
01:42:54.140It should have been done a very long time ago.
01:42:57.220Now, with that said, I will say that the private industry has done a remarkably good job
01:43:03.300and has invested billions and billions in the most promising projects, some of which I've already named.
01:43:12.360And what I've seen in the last 12 to 18 months is that the rounds of investment size have increased dramatically.
01:43:21.440So we're seeing, you know, a half a billion dollars raised into one single company.
01:43:27.180Right. Is that, though, because it's the right project, or is that because of ESG and, you know, BlackRock and the government
01:43:37.080kind of directing where it wants it to go?
01:43:41.580The VC firms behind these companies, the ones that are making the big investments,
01:43:48.680are because they believe in the projects, actually.
01:43:53.220You know, these are private companies, they wouldn't be allocating that much capital just to greenwash
01:49:20.100I think, you know, the developments of these kind of neural networks, which are referred to as large language models,
01:49:30.360I mean, the last five years have been absolutely extraordinary.
01:49:34.000You know, the press hasn't really talked about this, but without a myth, every single year we've had at least one major development,
01:49:46.040one major breakthrough in this kind of neural network technology, this artificial intelligence that has the ability to communicate with us in a very natural way.
01:49:58.000I know two years ago, I think it was two years ago, I read a story from Microsoft that said that they were working with artificial intelligence and machine learning.
01:50:11.560And I think it was a chatbot, and it started to teach the other language.
01:50:19.800And within 20 minutes, it was developing an entirely separate language that nobody understood except these two computers, and they unplugged it.
01:50:32.100I mean, are we even going to be able to keep up with these things?
01:50:35.740So the answer is, no, once we hit that inflection point, and the AI itself becomes really self-learning and almost self-motivated to grow,
01:50:53.300it's going to be very difficult, if not impossible, to keep up with how it develops.
01:51:58.060And, you know, the first law is a robot can't injure a human being or through an action, allow a human being to come to harm.
01:52:07.520They have to obey the orders given by us humans, except where the orders would violate the first law.
01:52:14.120And then the third law is it must protect its own existence as long as it doesn't break the first two laws.
01:52:21.080And so those can kind of be encoded into an artificial intelligence or an AI that's embedded inside of a robot.
01:52:29.120The harder part is really understanding the motivations of an artificial intelligence that may actually operate within those three laws, but be motivated to do things that perhaps we might not want them to do, right?
01:52:46.520Correct. And how far are we away? Do you think that this is, do you, A, do you believe that there is a real definition of a sentient being when it comes to AI?
01:52:59.740Or how would you define that? Just as something that says, I'm alive and I recognize tomorrow? Or what is that?
01:53:08.260Well, you know, probably the most simplest definition would just be that a being is self-aware, self-aware of where it is, what it is, its ability to think for itself, to not be entirely controlled, for example, by a software program or a software engineer or a team of software engineers.
01:53:34.040But this concept of self-awareness is, to me, the most critical aspect of a sentient being.
01:53:43.340So how do we know when it is? Because what they're saying, what Google is saying is, no, no, no, this is just a really good language machine that can think on its feet, and so it is claiming self-awareness, but it's not actually self-aware. How do we know?
01:54:00.520Well, I mean, between you and me, I don't think we should trust anything that Google tells us.
01:54:10.080And there's really three major players in the world of large language models and this kind of AI technology.
01:54:24.140One is the Google Brain Group in the U.S.
01:54:27.040The second is an outlet called DeepMind, which is based in the U.K., which Google actually acquired.
01:54:34.140And the third is a group called OpenAI.
01:54:44.000Yes, Elon Musk was one of the original founders, but he has kind of since distanced himself from OpenAI.
01:54:52.580He fell out, ironically, on some ethical concerns with the direction the group was taking.
01:55:01.600But the thing to keep in mind here and, you know, to answer your question about how close we are, what's kind of scary and also exciting at the same time is, I'll give you an example.
01:55:14.320OpenAI came out with its original GPT, which was the name of its large language model in 2018, came out with GPT-2 in 2019, GPT-3 in 2020, which was bleeding edge at that time.
01:55:29.740And they're coming out with the fourth generation of this, which will be more advanced than what Google's latest Lambda product, the LAMDA.
01:55:52.880The GPT-4 from OpenAI is trained on 100 trillion parameters, 100 trillion.
01:56:01.460That's 500 times the size of its previous version.
01:56:06.300And the reason that is so material and relevant is that large language models and artificial intelligence have developed on a very smooth curve.
01:56:17.380In other words, the more parameters you give them and the more computing power you give them, the more accurate and intelligent they become.
01:56:27.100And GPT-4 from OpenAI is due out this summer, literally in July or August.
01:56:34.780Glenn, we are in for a major shock when that gets released.
01:56:39.500It will be even more advanced than we saw.
01:56:41.800I'm sure you've read the transcript, the discussion between the software engineer, the AI researcher.
01:58:53.840This is obviously also could be a remarkable tool for empowerment.
01:59:00.000You used the example of a digital assistant.
01:59:03.780Google could give the equivalent of a personal digital assistant out to every human being on Earth.
01:59:11.700And they could perform the functions of an executive assistant for everyone at no charge whatsoever.
01:59:18.580Imagine the productivity gains that the world would experience with this kind of power.
01:59:25.480But also imagine if Google, because it was free, Google could also give us a digital assistant that was working in the background on some of Google's goals.
01:59:37.760So you don't know if this idea to buy something, to do something, to think something is your idea or Google's idea that has just been really deftly introduced into your life.
01:59:52.300Yes. So the one thing we can be sure of, Google does not, it's not magnanimous.
02:00:01.840And so in the best case scenario, it would simply communicate with us, learn more about us, and then sell access to our data and information to advertisers to increase advertising revenue.
02:00:15.860Now, in the worst case scenario, to the point you're alluding to, and they've already proven to do this, in particular in the last elections, as we know very well,
02:00:25.620that they could not only try and censor or ban information that we're seeing, but they could intentionally and very subtly push a political narrative or agenda to the entire world in any language on Earth.
02:00:41.760That is what I'm most concerned about.
02:00:47.220I mean, I've never, you know, I looked at Blade Runner when the first one came out, and I'm like, oh, please, the corporation is.
02:00:52.620And now I look at it, and that's very real.
02:00:55.360That is a very real possibility that everything is controlled by, you know, companies like Google that have just introduced these things, given them to us for free,
02:01:07.660and now we find ourselves really almost in unknowing, at least for a while, slavery.
02:01:16.580It is frightening that the power that will be given to the company or companies that actually produce these models, these neural networks, will be just unparalleled.
02:01:38.200So whether it's an Apple or whether it's Tesla with, you know, Tesla before the end of this year will have a bipedal robot that will have intelligence to what degree, we don't know yet.
02:01:49.960You have Google and Facebook is another one that we need to be very wary of.
02:01:54.560Jeff, can I, may I have you, may I have you back on, because I'm out of time now, and I'd love to have you back on to talk about this.
02:02:03.140I find it fascinating, and I don't know if the audience does, but I find it fascinating and something that no one is really talking about.
02:02:43.800Stock market was down almost 1,000 points earlier this morning.
02:02:47.060Stock market, if you even hold your money in cash, that's losing now probably about 20% of its value a year, if we're being honest about inflation.
02:02:56.940Everything except food, brass, land, and gold and silver.
02:03:22.820For every box of 20 gold-graded mint state, $5 Indian coins, you're going to get 50 silver, brilliant, uncirculated Kennedy half dollars for free.