Valuetainment

00:00:00.000 elon musk and retirement rob what page is that on uh there it is uh 14. elon musk says you can

00:00:06.800 skip retirement savings in the age of ai not so fast okay this is a fox news story

00:00:14.380 let's see how this story goes rob if you want to play the clip first go ahead

00:00:17.660 yeah um well one like side recommendation i have is like don't worry about like

00:00:23.400 squirreling money away for uh retirement in like 10 or 20 years for one matter

00:00:26.980 no okay either either we're not going to be here or can you expand on that a little bit

00:00:35.460 you won't need to save for retirement if any of the things that we've said are true saving for

00:00:41.800 retirement will be irrelevant the services services will be there to support you you'll have the home

00:00:47.300 you'll have the health care you'll have the entertainment the way this unfolds is fundamentally

00:00:53.280 impossible to predict because of self-improvement of the ai and the accelerating timeline

00:00:57.980 yeah it's called singularity for a reason yeah exactly i don't know what goes half

00:01:01.580 what what happens after when after the event horizon exactly you can never see past

00:01:06.120 the black hole or the event horizon that light going i mean ray ray has a singularity out way too far

00:01:11.020 i mean this is like the next what what's your timeline for yeah for this we're in the singularity

00:01:17.380 well we are in the singularity for sure we're in the midst of it right now for sure

00:01:20.140 and we just we're in the we're in this beautiful sweet spot which is you know the

00:01:23.860 we're the roller coasters we're just yeah exactly that's a great analogy it's like that feeling

00:01:28.920 you're at the top of the roller coaster you're about to go yeah but you know it's gonna be a lot

00:01:32.360 of g's when you hit it uh it's like you're like i don't have just have courtside seats i'm on the

00:01:38.300 court exactly and it blows my and still blows my mind sometimes multiple times a week yeah um and so

00:01:46.260 just what i think jeff your thoughts do you agree uh this is insane he just said look we can't

00:01:53.300 predict how this is gonna go so the next thing he says or the thing before that is don't save for

00:01:57.740 retirement we have no idea how this is gonna look on the other side so just say screw it the hell

00:02:02.740 with it just trust us that this is gonna go well and you're gonna be taken care of is that how you

00:02:06.560 process it that he's saying trust us that we'll figure it out if he's saying trust us this is all

00:02:10.140 gonna work the way we want it to work and that you won't need to save for retirement and then he

00:02:13.980 also says we don't know how the hell it's gonna work out i mean to me this is completely insane

00:02:18.220 uh pop brandy you go first and then uh i got a lot of thoughts on okay let me hear what he says

00:02:23.480 first yeah no it's it's super reckless i mean uh i'm curious like uh how many times zealand must

00:02:28.360 been wrong i know there's been a lot of them but i mean like to put um 800 billion dollars i know but

00:02:35.340 still he's been wrong he's made crazy predictions he's been wrong about like with timelines and

00:02:38.500 everything but like look at the stakes that if he if he is wrong like i mean people already don't

00:02:42.800 save for retirement so like how many people are gonna be influenced by that and say like oh yeah

00:02:46.320 screw it i'm gonna be able to have ubi in the future so i'm not gonna save for retirement and

00:02:50.120 then what if he's wrong so it's super what are you at so i'm literally building a company around this

00:02:57.540 because i think that this is the single most important thing that the everyday american has

00:03:02.060 to understand is happening right now there is a arms race that is about to occur which is there is

00:03:08.040 artificial intelligence that is being built at hyper speed and that artificial intelligence is

00:03:13.340 being able to automate away tasks and eventually jobs at a very very fast rate now let me give you

00:03:19.880 a couple examples uh how many software engineers now aren't writing code they're just letting ai do it

00:03:25.440 i am invested in a lot of these companies 50 plus percent of the code being written inside these

00:03:29.240 companies written by ai now there is cloud co-work so now it can go and do a bunch of tasks that an

00:03:35.040 entry-level employee could do you're now starting to even see elon in that same interview or i'm sorry

00:03:40.200 he did a interview with the cheeky pint uh with dark cash and one of the colson brothers he kept

00:03:45.460 saying we think that grok has a way to learn faster than all the other models and he wouldn't say why

00:03:51.680 and so i started thinking about because he kept mentioning tesla the tesla model and so i said oh my

00:03:56.080 god he is basically going to have people just record their computer screen while they work and they're

00:04:00.980 going to use the machine learning to figure out how to do what you do and so i tweeted that elon

00:04:05.340 responded i didn't tag him right that he responded he said pretty much and so what's going to happen

00:04:09.640 here is artificial intelligence is going to go put a bunch of people out of work what i believe is the

00:04:14.140 arms race is we have to race to harness artificial intelligence to make you money because basically

00:04:20.100 what's going to happen here is if we do not harness the ability for artificial intelligence to make

00:04:23.700 people money in terms of you have capital you give it to the artificial intelligence it goes into the

00:04:28.140 market it makes you money what is going to happen is you're going to be out of work you're not going

00:04:31.380 to have any capital and you're going to not have a path because the machines can do a better job at

00:04:35.640 anything that you do and so the first thing that we did is we built this product called cfo sylvia

00:04:40.340 which basically you come in you load all of your different accounts you put your bank account your

00:04:43.620 crypto your brokerage all that stuff in there and then you can start to talk to the ai and ask it

00:04:48.980 simple questions how to get my tax rate down what should i do if i want to have this net worth in five

00:04:53.640 years or 10 years you can also ask it like how does this current event go ahead and impact my

00:04:57.760 current portfolio and the beauty of this is if you ask a chat gpt or uh um you know uh anthropic

00:05:03.860 or any of these other guys it'll give you very basic answers you know here's what people do to

00:05:07.540 get their tax rate down what this does is it tells you to your specific situation asset by asset what

00:05:12.380 to do and what's interesting about this is we start to get feedback from these users what are these

00:05:18.160 users saying i trust the ai more than i trust a human person i tell the ai more things than i would

00:05:23.260 normally tell you i ask questions i wouldn't ask a human because the human will judge me but i can ask

00:05:27.520 these questions here and so what you start to realize is people are going to put all of their

00:05:32.020 information and context into these systems and they're basically going to say help me and see

00:05:37.340 if o sylvia is doing the finance side but what we start to see now is okay if there is an arms race

00:05:42.860 occurring what you're going to see is you're going to see finance get automated because ultimately if

00:05:48.140 you're an average person and you're saying i'm going to work every single day and i might lose my job in

00:05:51.580 the future what do i do i'm going to have to use this technology to get ahead or it's going to put

00:05:57.660 me out of business so that is the arms race do you agree with them though do you agree with them that

00:06:01.640 retirement's uh not something that's important today i i think that one you should always have

00:06:08.600 some sort of safety net right what i think that he's basically saying here though is he he's actually

00:06:12.820 not saying don't have retirement what i think he's saying is humans are not going to drive their

00:06:17.820 retirement it is going to be all this other stuff so what the future i envision is you're going to

00:06:22.400 eventually take your money and you're going to give it to the ai and the ai is going to make sure that

00:06:25.740 you have monthly income that you've got uh retirement money etc now there's a gap between where we are

00:06:31.400 with the technology and where that eventually will be but you see this like people are passively

00:06:36.060 investing in indexes you see them constantly looking for you know uh there's all these uh ai bots and

00:06:41.620 stuff that are now trying to figure out how to use uh the technology in the financial markets

00:06:44.800 high frequency trading hedge funds been doing this for a long time so my view of this is he's

00:06:50.280 right that you are not going to be trading your time for money in the future in the way that we've

00:06:55.220 thought about that over time but he's wrong in that you're still going to need money and so you need

00:07:00.380 some sort of retirement that's interesting so how does that i mean again how does that work for

00:07:04.200 say a plumber well the whole idea is that you know look if i said to you right now what can robots do

00:07:10.840 most people say electricians are safe plumbers are safe etc okay but if i went back five years ago

00:07:15.640 and i said do you think that robots are going to build homes you would tell me i'm crazy i've seen

00:07:19.700 multiple videos online now the homes don't look the same but they're 3d printed they've got these

00:07:23.780 cement automation all this kind of stuff and so as we rapidly get here i think one of the aspects of

00:07:29.300 uh all this ai stuff and robotics that to me is frankly it breaks my mind right because it's scary

00:07:35.140 and exciting at the same time is this idea of exponential production so if the humanoid robots

00:07:40.640 can start producing more humanoid robots then what is going to be that future look like now the one

00:07:46.280 thing i will say is i actually think that the last human moat that exists is right here this is the

00:07:51.960 last human moat there is not a thing in your brain that is a moat compared to software software is going

00:07:56.700 to be able to do everything that you mentally can do but this your five fingers in your hand the

00:08:01.160 dexterity the mobility of your hand it's going to be the value of knowledge what is going to be the

00:08:05.680 value of knowledge what is going to be the value of somebody who is got a great memory and knows a

00:08:12.560 lot of facts like what what is going to be useless something that we admire that in 10 years we're going

00:08:19.180 to say you know yeah so what you're so smart you have all that information i can take johnny off the

00:08:24.700 street he's a homeless guy put a 2.2 million dollar latest chip model from nvidia that's this

00:08:30.480 and he's going to have access to every single book ever written every fact in his brain he's going

00:08:35.960 to have every information there now it's about let's see how good of a processor it is what do

00:08:40.740 we value today that because of ai we will not intend 20 years creativity you you think creativity

00:08:46.940 creativity the ability to go beyond what we have today so you think in 20 years we won't value

00:08:52.060 creativity no i think we will value more create more creativity how about the know-how you were not going

00:08:56.920 to know-how knowledge facts know how memorization you can replicate a lot of i mean because they're

00:09:03.420 more those are more mechanical processes it's about the ability to go beyond where we have today so

00:09:08.400 that's i mean that's what human ingenuity has been since we're i agree you know there's five things we

00:09:12.980 we score at the company every every quarter we do our calibration and it's based on five things

00:09:17.240 e-a-t-i-r e is effort a is attitude t is teamwork i is innovation and an r is results three weeks ago

00:09:25.520 we're doing our calibration meeting and all the managers coming and they're scoring everybody

00:09:28.680 and then one of our guys mario scores someone a seven on innovation and gives these other two guys

00:09:34.260 a one and i said why did you give these guys this guy seven and these two other one he says well

00:09:39.660 because of this this and that i said okay great i said but why this guy seven because of this and then

00:09:44.360 he pauses says look pat not gonna lie to you i don't even know how to score for innovation i said

00:09:49.460 that's fair a lot of other people probably feel the same way that was the right answer so we have

00:09:52.980 to figure out how to quantify on how to score innovation and we did by the way and here's what

00:09:58.320 our system was four-step process that we wrote out on the board number one was how creative is this

00:10:04.680 person which goes back to what you just talked about that's the number one element of creativity to us

00:10:09.100 number two was does this person ask critical thinking questions all the time we're sitting in

00:10:14.600 a room and say why do we have that over there should we move this prompt over here on the website

00:10:19.400 should we move the cta here the video that we did i don't know if i like the way it starts the first

00:10:23.980 three seconds maybe we move the intro of this clip to second 48 and then move that one to first three

00:10:30.060 seconds so that is the critical thinking so you got creativity critical thinking number three is

00:10:34.440 actually always thinking about how we can improve everything and the last but not least this

00:10:38.720 implementation because you can have all the first three and you don't implement it means nothing

00:10:42.180 i agree with you to me the way you're presenting it

00:10:46.060 pump is this is how i see it today you go to a morgan stanley guy or goldman sachs or jp morgan chase guy

00:10:54.420 i have 10 million dollars how should we invest well let's go small cap you know what's your risk

00:10:59.240 tolerance time horizon all this other stuff all right we're gonna buy some this we're gonna buy some this

00:11:02.740 we're gonna buy some let's put some cash let's put some this your age is 50 years old so 50 minus 100

00:11:07.240 let's go 50 equities 50 bonds 50 okay great no problem you're saying in the next two three five

00:11:14.260 10 years that person's gonna have i got 10 million dollars you give to the ai and ai will say how

00:11:21.100 aggressive do you want me to go find work to create a business are you willing to risk that this could not

00:11:28.540 work and my brains of my engineers or the ai is going to go build this company okay he's going to

00:11:34.140 go do this for us is that kind of how you're processing it i'm actually i'm saying uh two

00:11:37.900 things one is today the ai will give you information that no human is able to do at the speed and the

00:11:46.140 cost i'm not saying information so i know about claude i'm talking about but you need the information

00:11:49.580 first and you need people to get used to getting the information what i'm going to is to kind of go

00:11:53.380 back and then you give them a lot of saying what are we going to get to a point that it's purely

00:11:58.580 about here's the engines for ai i give you 10 million go start something go build something go

00:12:06.140 market something and i do nothing then i take that 10 million and now it's like 88 million go do

00:12:11.480 something so you think is that is that two things that are happening right now this is not like a hey

00:12:15.460 is it going to happen in the future the first thing is uh there's a bunch of experiments that people

00:12:19.240 have where they're basically saying let me give you know 10 20 000 to this ai go into the market

00:12:23.600 and make me money whether it's a crypto market stock market whatever right so that that to me is

00:12:27.420 not very different than high frequency trading now with better technology but but that is definitely

00:12:31.800 happening the second thing that i find really interesting is there's been a couple of these

00:12:35.660 demos that have now gone viral online where people will say to the ai create me a business

00:12:40.560 that makes x dollars per week per month per year

00:12:43.880 come back when you're done and the ai will go and it'll say okay well if i need to make a hundred

00:12:50.900 thousand dollars a month what industry should i go into let me go look at the tams of all these

00:12:54.620 industries where is there you know a lot of competition that i could go and undercut call

00:12:57.840 like it does you know kind of like a business analysis this is okay well if i wouldn't need to

00:13:01.320 be in that industry what product should i serve or what service right what could i create okay let's

00:13:04.700 create a website let's get a url and it starts doing all this stuff and these people are running these

00:13:08.620 experiments and what they're essentially doing is they're giving the ai right that right now one of the

00:13:12.620 biggest stories about apple is that they are actually selling out of the mac minis these small

00:13:17.460 computers because people are buying them hand over fist and they are basically setting them up and

00:13:22.660 they're putting an ai on it giving it full control the computer and saying i'm going to give you a phone

00:13:26.760 number i'm going to give you an email address i'm going to log you into all these accounts go and so i

00:13:31.940 always go to and i say right now if we look back three years most of this stuff didn't exist right

00:13:37.500 chat gpt ai agents all this is all brand new this is the worst the technology is ever going to be

00:13:43.640 and so there's a huge gap right now between how the technology works and how people know how to

00:13:48.860 leverage it i don't know if you guys saw recently there was this huge breakthrough in uh in science

00:13:54.040 where uh these very sophisticated um scientists came out and they said look 12 months ago we didn't

00:13:59.340 know how to use this technology now we actually know what questions to ask the technology and so we've

00:14:04.480 started to solve really hard problems because we got better at using the tool right it's like

00:14:08.620 somebody who doesn't know how to use the shovel all of a sudden learns how to use the shovel so one

00:14:11.520 thing that we've got for your audience is anyone who wants um anyone who signs up for cfo sylvia

00:14:15.680 uh next 24 hours we're going to send them a hundred prompts that i use on a periodic basis to better use ai

00:14:23.580 to manage my finances and what you'll see in these prompts is you can start to do things that you don't

00:14:30.480 even know to ask so like some of the popular stuff what do rich people do to save money on their taxes

00:14:36.480 how should i take some of those ideas and implement them in my portfolio all of a sudden there's a bunch

00:14:41.840 of stuff you just don't even know to ask you don't know to google this stuff and when you go to uh

00:14:45.840 whether it's an advisor a friend an assistant whatever and you say hey what are the things that

00:14:49.380 i should be thinking about they are limited by human knowledge and so this is going to get applied

00:14:53.680 to every single sector and that's why you see insurance companies saying we're going to charge less

00:14:58.800 for premiums because software is better at driving right all the way through the economy

00:15:02.840 yeah and and i love that but also at the same time i'm going to what is your meeting with your

00:15:10.620 investment banker or financial advisor going to look like every quarter you're not going to have

00:15:14.720 or you that's what i'm saying if it's going to go i don't know if you're not going to fully have

00:15:18.260 they're going to get automated away they 100 are going to get automated i think there will still be

00:15:22.860 a role for the creative side and the advice side but i think maybe there's something i disagree with

00:15:27.600 jeff on is uh and i like talking to jeff because he makes me think much more critically about this

00:15:31.660 stuff but i actually would argue that if i said to somebody hey you need to be creative about whatever

00:15:37.040 art or prompting or whatever if you simply ask the ai come up with 20 prompts that i should ask

00:15:44.240 about some topic or write me a prompt do you think in 20 years we'll have a president

00:15:49.320 well it begs the question of president it begs the question of what is the role of the president

00:15:56.260 but think about it what is the role of a financial advisor what is the role of a doctor what is the

00:16:00.720 role of any of these jobs right chairman but do you think in 20 years we'll have a president yes

00:16:05.300 because i don't think that that job has a verifiable end state whereas i do think that

00:16:10.200 uh a financial advisor a lawyer etc those are verifiable end states and most of it now lawyers

00:16:16.100 have to go to court and argue and all this stuff but like we get to a weird place where we have

00:16:20.360 automated courts so that i was going to say that recent movie that just came out with chris pratt

00:16:25.080 did you see the movie with chris pratt no i haven't seen him okay can you pull up this movie by the way

00:16:28.420 that's a good question do you think we'll have automated judges well no here's what i think we

00:16:33.040 have to define what we think ai is going to do to me it's more like a human robot partnership

00:16:37.920 how can we make human human beings more creative augment the human augment the human and so you don't

00:16:43.280 eliminate necessarily the role of the human maybe you you eliminate some of the roles that humans

00:16:47.940 you know what this movie is about no let me tell you what this movie is about okay this movie is about

00:16:53.520 chris pratt who's an agent he's a detective he gets accused of killing his own wife okay he wakes up

00:17:01.320 he's sitting in a chair handcuffs shackles he has 90 minutes where he's sitting in front of this judge

00:17:09.020 called mercy to make the argument why he is not guilty if he doesn't he's gone if he does the make

00:17:17.980 does make the argument he's free and the most powerful the judge is an ai you have to watch this

00:17:23.820 movie by the way you have to watch this movie you know how the movie ends the movie i'm not going to

00:17:28.640 tell you what ends up happening but i'll tell you one special line that he says at the end that's

00:17:32.580 scary as hell he says i guess what we learned is just like human beings can make mistakes so can ai

00:17:39.760 yeah and it's about the judge when you see this there's also that's the thing there's also a

00:17:44.980 survival instinct in human beings we're not just going to be go passively be eliminated by ai i think

00:17:49.720 human beings this is where the creativity comes in the most creative humans are going to figure out

00:17:54.800 how to partner with ai to stay on top of the game i just i go back to um is there a verifiable end

00:18:01.460 state of the judge yes or no if the answer is yes it'll be automated like if we have a lazy

00:18:07.820 population that says where's the data coming from though it may be it may be better does a judge in

00:18:14.880 the current judicial process end up helping or hurting humans when you add in bias error etc

00:18:21.060 there's a huge debate that we could have in terms of the role of the judge aren't you just replacing

00:18:26.820 human bias with ai bias well so let me give you a good example is there's a study that shows uh if

00:18:32.200 you are up for a parole you know the worst time to go in front of the parole judge right before lunch

00:18:38.300 so they looked at throughout the time of day because people want to get the lunch it's great look it up

00:18:43.360 there's a crazy study that shows if you go you're flirting with something very dangerous no so that's

00:18:48.580 the thing i think you're flirting with something let me explain to you why you're looking at this

00:18:51.420 hungry judge effect i i get that but you're flirting with something very dangerous but are you going to

00:18:55.480 replace it with a worse bias from ai that's the question the question the question becomes we

00:19:00.020 cannot we cannot assume that ai has no biases how much of the law should include empathy versus fact

00:19:06.480 and i don't have i don't have a good answer so you're going to put that into some coder's hands 0.56

00:19:09.660 to code empathy but you know what you're flirting with i mean let me tell you there's no easy answer

00:19:13.960 there's definitely no easy answer right but this is right this is the conversation that people should

00:19:18.080 have because you're right the the legal system let's face it it can be improved definitely be

00:19:22.920 improved but this is where i think the creativity comes in you give the tools to the judge or lawyers

00:19:27.460 whatever question it's partnership with you're flirting you're flirting with with uh with we got

00:19:32.260 him now but i'm gonna tell you you've hit a nerve i'm gonna tell you why though i'm gonna tell you

00:19:37.720 why because where you're going if if you fully go there you know how there's uh what different parties

00:19:45.660 do we have right now we have the republican party democratic party independent party you know

00:19:49.380 communism socialism whatever you want to call it right it is going to be human and the ai party

00:19:54.520 that's what it's going to come down to and if you go there guess what they're going to win if it's

00:20:01.680 going to be those two together where you put them as the superior they're going to win why

00:20:06.760 the the instinct inside of you whether we know it or not we're super competitive all of us 0.96

00:20:17.740 we're sizing each other up 24 7 the most noble person in the world mother theresa she's a psycho 1.00

00:20:24.280 competitor you understand what i'm saying pastors are psycho competitors joel olstein billy graham 0.50

00:20:30.240 we it's in here you can't get rid of it it's in our gene okay so then when it gets to a point and

00:20:36.900 in your mind you realize you can get ai on your side then you see a couple different people you know

00:20:44.180 barrier to entry what do you now have it's about elimination of competition then what takes place

00:20:50.220 now we're not banking on human team now we're banking on purely wealth and finance and by the

00:20:56.700 way that's an empty place to be sergey bren did an interview recently i don't know if you saw this or

00:21:03.140 not and he's talking about what happened when he retired during covid and how was the biggest mistake

00:21:08.760 of his life this is a guy that's worth a couple hundred billion dollars that just bought 174

00:21:13.420 million dollar house i think in miami rob can you play this clip please go for it retired like

00:21:19.860 a month before covid hit and uh it was like the worst decision i had this vision that i was gonna sit in

00:21:26.180 cafes and study physics which was my passion at the time and uh yeah that didn't work because there

00:21:32.980 were no more cafes i was just kind of stewing and kind of felt myself spiraling kind of not being

00:21:41.020 sharp uh and then i was like i gotta get back to the office we're 260 today time was closed but you

00:21:46.720 know after a number of months we started to have some folks going to the office and i started to do

00:21:51.460 that occasionally and then started spending more and more time on what later became called gemini

00:21:57.780 uh which is super exciting and uh to be able to have that technical creative output i think that's

00:22:04.440 uh very rewarding as opposed to if i'd like stayed retired i think that would have been a bad mistake

00:22:10.060 just the way he speaks does he sound motivational to you does he sound inspired to you sad i used to

00:22:17.320 see this all the time when i used to manage money for people i used to tell them when they get closer

00:22:20.880 to retirement that's why you guys are tired because he wants to get rid of you

00:22:24.520 so don't retire because what you would see is that people who retire completely commit to

00:22:31.780 retirement they are dead within a couple years you know you know what uh is the dirty truth of

00:22:35.860 this whole ai thing i have a lot of friends that run a lot of companies right now two things are true

00:22:42.240 they have never worked as hard as they are working right now because they see there is an arms race

00:22:48.420 and they want to win to your point that competition true if you control the machine i don't have a

00:22:52.760 control the intelligence all right that's the first thing the second thing their day-to-day life

00:22:57.960 at work is harder than it has ever been not only is there the speed of the innovation and everything

00:23:04.640 they can't keep up but ai is taking away all the easy tasks yeah so the only thing that are left are

00:23:10.200 all the hard tasks now so they've got to spend you know in terms of like density of hard tasks in a day

00:23:15.420 is actually going up and so it's this weird dynamic of like you're promised an economic or societal

00:23:21.380 like utopia and abundance but actually the lives of the people who understand what's happening here

00:23:26.680 they're working harder and they're spending more of their day on the hard problems which i actually

00:23:32.120 think is leading to many of them not being as happy yeah so when i when i see something like this

00:23:36.580 and i see a guy having 266 billion dollars you know what he can buy he doesn't just buy that 16

00:23:42.060 16.4 million dollar cart he buys the entire company he buys the entire brand he can buy fanatics he can buy

00:23:49.220 industries he can buy leagues if he wants to that's the kind of money that he has because he's a

00:23:54.120 creative guy he has to have the he is but there is a problem though there is a problem this video here

00:23:59.720 um i made this video a couple days ago and i had my son record me and it says the only noise

00:24:06.260 that scares parents okay rob go ahead and play

00:24:08.600 what is the only noise that scares parents silence i knew what it was before even check this out do

00:24:32.560 you know what the point is with what we're talking about right now with ai here's the point

00:24:35.580 check this out what happens if all of a sudden this race goes so quickly and then we replace

00:24:42.860 everybody what happens when a bunch of people have a lot of time on their hands the last time i had a

00:24:48.500 lot of time on my hands my hair was orange okay just letting you know last time i had a lot of time on

00:24:53.680 mind it is so important for everybody to have a job and do something even if everything gets automated i

00:25:03.260 don't want to stay home all day even if if we have half the population staying home doing nothing that

00:25:09.700 is a horrible society horrible society we have to have purpose we have to be going after something so

00:25:15.360 to me the only thing is the question becomes if you allow ai to run with no regulation if you allow

00:25:26.940 it to is this something that you want to highly deregulate do you want to leave it open to let it

00:25:32.660 go and typically you know as a capitalist you want deregulation you don't want regulation you want it to

00:25:36.760 go but at what level will it be at a level of replacing human beings will it be at the level of replacing

00:25:43.220 what people are doing like right now how long ago do you think the nfl could have changed referees and

00:25:49.060 done 100 ai they could have done it five years ago how come they don't do it do you want they are do

00:25:53.600 but they are doing they are but do you want it to be 100 getting rid of the referee so that's the thing

00:25:57.280 is i don't know about that because then guess what happens first is the referee then the first team

00:26:02.660 announces an ai head coach we don't want a head coach we want an ai head coach that's a job then it

00:26:09.080 goes to listen xyz company just built a running back and the nfl has agreed that each team can have

00:26:15.740 three ai robot players now you got a robot player that i paid 88 million dollars and sponsorship so

00:26:22.340 that's an anthropic quarterback this one has the open ai quarterback this one has the game changes in a

00:26:28.900 very big way if we go too much there go ahead final thoughts the nfl um is interesting because they're

00:26:32.920 trying to figure out you know did the ball cross the plane or not replay all that stuff right uh i do

00:26:37.780 think i think as jeff said earlier is like this idea of human error is also a uh an important

00:26:42.960 point so like baseball is actually the better example to me where there's a strike zone when

00:26:47.760 you watch a baseball game they tell you whether it was in the strike zone or not but there's still

00:26:52.080 an umpire and the umpire still makes i love that balls or strikes i love that yeah and so human

00:26:56.880 human robot partnership yeah and so i do think that there is this uh this transition period um where

00:27:02.660 people are trying to figure this out the last thing i'll say about this whole thing though is um

00:27:06.620 my number one piece of advice for people is to start using the technology because the one thing

00:27:13.000 that i know for sure is you are going to get left behind if you use none of it now how extreme is the

00:27:18.620 impact is up for debate but if you are not using this technology on a day-to-day basis you are going

00:27:23.660 to fall behind and so you can start you know replace some of your google searches with using ai use it at

00:27:29.220 work right you know you can start slow but if you are not using this stuff you're going to be left

00:27:33.200 behind yep i don't that part i don't disagree but it's very important to realize by the way we

00:27:37.920 played a clip the other day in 2022 october 17th when i said dow's going to go to 50 000 by 2026

00:27:43.880 you nailed it and and i yeah i nailed it but i'm telling you very soon this whole political party

00:27:50.200 concept could go away and it could be human versus ai and that could be 20 years away but you know you

00:27:54.440 know what's funny is like if you look at how trump won in 2016 there's now a bunch of like information

00:27:59.100 that's come out where basically they were selling the red hats and they were using that to get the

00:28:02.940 data to then put into lookalike audience on facebook they're using the facebook advertising

00:28:06.780 like that wasn't quote-unquote artificial intelligence but that lookalike audience technology

00:28:11.980 is machine learning and all this type of stuff for sure right we we do it ourselves for sure yeah

00:28:18.220 so it's like whoever starts to use the technology more and more only if human is above it's the only

00:28:24.480 thing if that stays above if all of a sudden look what happened right now birth rate in america 1.58

00:28:30.800 you know last year we only had 3.6 million babies born in america do you know how many babies we had

00:28:36.500 born in america in 1940 3.6 million but we did it with 150 million people yeah and we only did 3.6 million

00:28:44.200 with 340 million people do you know america three times we went on a run of 4 million plus babies every

00:28:51.380 year once we did it five years once we did it seven years once we did it 11 years the most babies we

00:28:56.740 ever made in a year is what 4.3 million babies so then we you go through a list of why we're not

00:29:01.240 making babies anymore right okay so one is i think it's called envion the introduction of uh uh what do

00:29:08.240 you call it birth control pills i think the year is 1960 that uh it was fda approved and it was only

00:29:13.900 available to married women in certain states now it's everywhere right then you have roe v wade which 0.98

00:29:21.140 abortion 65 million kids we've killed the last 50 60 something years right that's the real holocaust 0.94

00:29:27.460 that some people talk about then you have in 1957 which was the highest birth rate we ever had in

00:29:32.360 america that's documented 3.77 that year women were in the workforce 35 percent of the time today women 0.97

00:29:40.260 are in the workforce 65 to 70 percent of the time very different you know that whole dual income we want

00:29:45.060 both to go to work so when you look at the stats you're like yeah let's get women working as well this is 1.00

00:29:50.100 going to be great we have double the workforce uh birth rates dropped what else um you know people

00:29:56.620 were having kids at 22 20 uh 23 years old now they're having kids at 30 years old 32 years old 34

00:30:02.200 years old so some of the movements that we adjusted we took a different kind of a hit so the only thing

00:30:10.180 for me is like my you know my thoughts when it comes down to stuff like this we have to be very

00:30:15.520 careful that we don't over edify ai to human and if it goes that way you will be a slave to ai 0.75

00:30:23.780 in no time it will own you but in no time if you think about this right so like one of the the core

00:30:29.700 principles that i usually revert to when i'm making kind of evaluations this stuff is does it hurt

00:30:34.560 somebody else right if it hurts somebody else then you know yet though well but there's things you make

00:30:39.800 that but other people don't no no of course but like if you think of this phone right and you say to

00:30:43.800 yourself okay somebody making that phone is saying oh you can connect with your family you can learn

00:30:47.860 information you can do all this stuff well there's a bunch of studies that show scrolling social media

00:30:52.520 is incredibly bad not only for your focus for you know your energy levels but also just your mental

00:30:58.200 health and kind of all this stuff and so it's as a society how do we make a trade-off between is

00:31:04.520 social media regulated to a certain degree or not you know how should we think about this for kids

00:31:09.440 you can't but that's the thing is that is age demographic you can't do that you can't do that 0.51

00:31:12.700 though because if you and all the ethical people like you make the same decision then who will be

00:31:16.760 left to run the ai arms race it'll be the psychopath what i'm saying though is just like i think as a

00:31:22.420 society it's not just ai it's like there's a bunch of these technology things we're trying to figure out

00:31:26.040 right so like self-driving cars is another one we need to have verifiable objective data self-driving

00:31:31.380 cars are much safer than a human driver there are a mass amount of people who are fighting against this

00:31:37.260 saying we should not have self-driving cars on the street that's a dunning kruger effect everybody

00:31:40.900 thinks they're above average drivers and so you want to know what i do at dinners now whenever i

00:31:44.560 host dinners is uh we had a big conference last week and i had a dinner there's about probably 25

00:31:49.280 people or so and i asked i said in this room how many of you guys use ai on a daily basis you know

00:31:53.060 kind of business crowd everyone raised their hand i said great how many of you think that your job

00:31:56.140 is going to get replaced by ai in the next five years not one not one person raised their hand yeah i said

00:32:00.620 well listen by the odds you know somebody ain't going to be here in five years it's just nobody thinks it's them

00:32:04.780 yeah yeah no i i get that we have our annual sales leadership summit that is coming up this year

00:32:10.720 we're doing it at the trump dorale i went to the property the other day unbelievably beautiful property

00:32:15.500 and if you're a sales person or a sales leader or a ceo that wants to drive sales and find superstars

00:32:22.820 and develop superstars rob play that clip that you have i think alicia send it to you

00:32:26.800 go right head buddy i got a question for you which of these two skill sets guarantee success more you

00:32:32.800 being able to recruit rock stars eights and nines coming in talented and they change the company

00:32:39.160 overnight or two you knowing how to develop rock stars which of these two guarantee success from my

00:32:46.800 experience when i was not a rock star and i got lucky and i recruited a rock star i could never keep

00:32:52.320 the rock star eventually i obsessed over developing people to succeed in sales once i did that all the

00:33:00.200 rock stars started knocking on the doors because they wanted to work with me this is why once a year

00:33:04.860 i host an event called the sales leadership summit this year we're doing a march 25th through the 27th

00:33:10.140 at trump dorale if you want to find out how you and your team can attend this event to learn how to

00:33:15.640 become better sales leaders click on a link below fill out your information one of our consultants will

00:33:20.800 get a hold of you there you go rob that's the qr code and we're going to put the link below rob if you

00:33:25.620 can put the link below as well for people to go learn more about it and fill out the information

00:33:29.680 one of our representatives will call you and answer any questions you may have about the event and

00:33:33.120 hopefully we'll see you there march 25th to the 27th at the trump dorale if you enjoyed this video you

00:33:38.120 want to watch more videos like this click here and if you want to watch the entire podcast click here

“AI Arms Race Is COMING” - Musk DECLARES Retirement Savings Will Become USELESS

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