Valuetainment - April 12, 2026


“ICE More Popular Than AI？” - Americans Turn On AI Over Jobs & Energy Costs


Episode Stats


Length

11 minutes

Words per minute

181.65184

Word count

2,151

Sentence count

125


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, we talk about what Jamie Dimon is worried about in 2026 and why he thinks AI is now worse than ice. We also talk about the impact of AI on the political landscape and why the government should be worried about it.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 So, Jamie says the five risks that he's worried about in 2026.
00:00:05.420 Number one, he says inflation.
00:00:07.160 Number two, he says intensifying competition,
00:00:10.400 meaning they're facing a growing set of nontraditional rivals in payments and digital banking.
00:00:15.280 A whole new set of competitors is emerging based on blockchain.
00:00:18.640 That's number two.
00:00:19.800 Number three, Americans lost of trust in the U.S. government.
00:00:24.440 Number four is artificial intelligence, AI.
00:00:27.500 And last but not least is weak allies.
00:00:29.080 Europe is entering a decisive decade and it is unable to act.
00:00:33.440 He said he cited internal trade barriers and expensive social welfare programs, but praised military spending boosts is what he's talking about.
00:00:42.720 So now let's talk about AI.
00:00:44.160 When it comes down to AI, this chart, Shamad shared that Tom handed to me, if you want to go a little bit closer, it says the negative perception around AI is now worse than ice.
00:00:56.960 So the Pope has got the biggest plus minus, shout out to Umberto, plus 34.
00:01:02.960 Stephen Colbert is plus 10.
00:01:05.560 Rubio's minus 7.
00:01:07.200 Sanctuary City's minus 10.
00:01:08.580 J.D. Vance minus 11.
00:01:10.200 AOC minus 11.
00:01:11.260 Republican Party minus 14.
00:01:12.740 Kamala Harris minus 17.
00:01:13.980 Newsom minus 18.
00:01:15.600 ICE minus 18.
00:01:16.520 Look at AI.
00:01:17.680 Minus 20.
00:01:18.480 Democratic Party minus 22.
00:01:19.960 Iran minus 53.
00:01:22.360 This is from NBC News.
00:01:24.180 go a little bit lower and it's leading to electricity prices rising and they're blaming
00:01:29.660 ai look at the numbers of what it was like 2014 steady 2016 steady 2018 steady 2020 steady look
00:01:39.040 at 2021 skyrocketing prices of electricity and that's not even showing what happened in 25 or
00:01:46.160 26 if you want to go even a little bit lower rob local opposition has grown and there are voting
00:01:51.960 down data centers okay from 2023 five to two okay and and five is protested to cancel this is u.s
00:02:00.920 data centers protested and canceled about 40 percent of data centers now face sustained local
00:02:06.180 opposition are eventually being canceled 15 to 6 63 25 140 tom what are your thoughts on this
00:02:13.960 specifically what jamie diamond said and the frustration with ai well guess what what jamie
00:02:18.820 diamond is talking about you have to compete to win and so if you're going to win you have to
00:02:22.000 control the narrative and um this shows that americans are fed up with the increase in the
00:02:28.720 energy prices and they're pointing it out toward data centers and data centers run ai so ai gets
00:02:35.120 this negative feeling because one they think it's taking jobs two they think it's the reason you
00:02:39.840 have to build more data centers data centers are increasing my electricity costs my electricity
00:02:43.760 costs are killing me especially if you don't live in san diego you live in some place you have to
00:02:47.700 run electricity all year, like Minnesota, you know, in places where, you know, you got to run
00:02:54.560 all of your heating equipment and AC in Dallas. And so people get upset. And that's what's going
00:03:02.260 on. Now you got to win. You know, the other side of this is at the beginning of 26, Trump did the
00:03:11.080 Voluntary Ratepayer Pledge, I think it was called,
00:03:14.700 where the data centers would voluntarily agree that they would partner with local electrical utilities
00:03:22.100 and they would absorb or be part of building efficient, there it is,
00:03:28.320 2026 Ratepayer Protection Pledge.
00:03:30.660 I was right.
00:03:31.860 So Jamie Dimon says you've got to compete.
00:03:34.300 Trump gave people an opportunity.
00:03:35.980 This was voluntary.
00:03:36.780 It says you build your data center and then say, look, by the way, to avoid local electricity spikes, I'm going to be putting in permits for micro nukes, sixth generation, fifth generation things, so I can power the data center and any excess power I'll put out to the grid.
00:03:55.880 And so, you know, you do it that way, you have it.
00:03:58.700 But this is, they've lost the narrative.
00:04:01.320 And Jamie Dimon's right.
00:04:02.960 You have to compete to get people to stay.
00:04:06.920 And AI and the electric industry have lost the narrative.
00:04:11.140 And now 40% of their attempt to start projects are being defeated by people.
00:04:18.860 And what we need, you know what Trump could do this summer?
00:04:21.200 Let's take this from a voluntary rate player pledge, which was a good thing that he put forward in March, to let's make it have teeth.
00:04:29.320 Let's make it real.
00:04:30.580 Let's make it that we could legislate that says, hey, if Pat and Tom want to open a paint company and we're going to make an innovative new paint, we would have to get permits and permission from the EPA for whatever it is we're making.
00:04:45.420 Well, because they say, we don't want you guys, whatever is in your paint, getting into groundwater, getting this, that, and the other.
00:04:51.720 We don't care who you are.
00:04:52.720 We're going to regulate what you're doing because it's a chemical.
00:04:55.060 Well, if you go from voluntary rate payer pledge to something that was, you know, firm, now to build the data center, it becomes a very simple matter.
00:05:04.600 Hey, we're building the data center here, but don't worry about electrical costs because I'm going to get a permit for, you know, a micro nuke,
00:05:10.460 Or I'm going to participate with the lower ECOT in Texas or whatever it is, and I'm going to participate with them, and I'm going to get the electricity resources built that we need.
00:05:20.600 And so the price of your electricity is not going to go up.
00:05:24.580 What people forget is AI is only one part of the problem, is that the increase in demand for electricity has been coming for seven years in America because of EVs.
00:05:38.020 it used to be at night we would give our power a break because at night all we powered was maybe
00:05:44.400 air conditioning and hotter climates and everything else was turned off well now there are so many evs
00:05:51.580 like in california that at night the grid doesn't get a rest because your ev is in your garage or in
00:05:58.000 the parking space at your apartment plugged in and so you know people think of evs as green
00:06:04.880 they are up to a point until you follow that extension cord all the way back to the power
00:06:09.480 plant and say, what's it burning to make the, you know, like in West Virginia, is an EV
00:06:14.700 technically worse because it's all coal power plants?
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00:07:19.060 Colin.
00:07:20.440 Yeah, the AI one's tough because I think the other thing that a lot of consumers look at is they're worried they're all going to lose their jobs from AI in the long run.
00:07:29.560 And so I think there's a, you know, again, going back to the you've lost the narrative so far, you know, the labor market's interesting because the so far what we've seen from companies is we've seen a slowdown in hiring.
00:07:41.880 But we have not seen anything along the lines of like mass firings from A.I.
00:07:47.280 And so, you know, the the narrative around the labor market and A.I. has been very scary.
00:07:53.620 And I don't think that it's necessarily been accurate.
00:07:56.860 Is that coming? God, I don't know. I have no idea how the whole AI thing is going to play out.
00:08:03.680 I think I think AI gets really interesting when actually when the robotics catches up with the actual software.
00:08:09.400 That's when potentially, you know, when you see a when you see a robot navigating a construction site, you know, actually nailing, you know, doing some framing and stuff.
00:08:18.160 That's when you wake up and probably say, oh, we're all we're all really screwed now.
00:08:22.580 But until then, you know, the impact has not materialized here.
00:08:27.400 So, yeah, they've lost the narrative.
00:08:29.020 I'm I don't know.
00:08:29.960 I think the AI war is a war that you just you can't lose this one technologically.
00:08:35.700 And so my view is that, God, going back to the government spending, if the government should be investing in anything, it should be this space.
00:08:41.900 It should be the energy grid.
00:08:43.200 It should be, you know, getting out of the way of, you know, a lot of the innovation that's going on in this space,
00:08:50.180 It's allowing the innovation in things like fusion and fission and alternative energies to really flourish and grow in a way where you allow the competitive forces to ultimately dictate a winner here.
00:09:03.640 And so, I don't know. I kind of see both sides of the arguments here, and I understand why households are increasingly concerned.
00:09:10.940 But I also think that this is something that you can't just you can't just look at it and be negative about, because in the long run, I really think AI has the potential to have an enormously, enormously positive impact in just a huge multiplier effect on the on the US economy in the long run.
00:09:28.200 Brandon. Yeah. So, I mean, isn't it amazing that the government spent two hundred billion dollars on EV initiatives and they didn't think to beef up the amount of energy that the country produces?
00:09:39.020 But I mean, that's a typical thing. We know they haven't done a lot of nukes.
00:09:42.260 But I think it's a good thing about nuclear power. Yeah. Right. Yeah. It could be misleading.
00:09:47.360 But no, I think a good amount of worry is healthy. I mean, Jamie, Jamie Dimon is not actually worried.
00:09:52.120 I think he's just worried about number two, the banking one, which I think would be awesome if he got some competition because the bank has been a cartel that's blocked everybody out for too long of a time.
00:10:00.300 So that would be a nice one. But the average person, I think the average person should be worried because a lot of jobs will go away.
00:10:06.080 A lot of skills will become irrelevant. But I mean, I think you should be worried.
00:10:09.740 I'm like I, you know, convince myself every day that I don't hit a certain number in terms of like income or revenue that, you know, I'm going to be eviscerated by the circumstances of the world.
00:10:17.720 So I think you should operate under that belief if you're not exactly where you want to be.
00:10:20.980 like he says it like where he's a bad thing yeah no listen i it's important to pay attention to it
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