00:00:19.800Number three, Americans lost of trust in the U.S. government.
00:00:24.440Number four is artificial intelligence, AI.
00:00:27.500And last but not least is weak allies.
00:00:29.080Europe is entering a decisive decade and it is unable to act.
00:00:33.440He said he cited internal trade barriers and expensive social welfare programs, but praised military spending boosts is what he's talking about.
00:00:44.160When 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.
00:00:56.960So the Pope has got the biggest plus minus, shout out to Umberto, plus 34.
00:03:36.780It 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.
00:03:55.880And so, you know, you do it that way, you have it.
00:03:58.700But this is, they've lost the narrative.
00:04:30.580Let'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.
00:04:45.420Well, because they say, we don't want you guys, whatever is in your paint, getting into groundwater, getting this, that, and the other.
00:04:52.720We're going to regulate what you're doing because it's a chemical.
00:04:55.060Well, 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.
00:05:04.600Hey, 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,
00:05:10.460Or 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.
00:05:20.600And so the price of your electricity is not going to go up.
00:05:24.580What 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.
00:05:38.020it used to be at night we would give our power a break because at night all we powered was maybe
00:05:44.400air conditioning and hotter climates and everything else was turned off well now there are so many evs
00:05:51.580like in california that at night the grid doesn't get a rest because your ev is in your garage or in
00:05:58.000the parking space at your apartment plugged in and so you know people think of evs as green
00:06:04.880they are up to a point until you follow that extension cord all the way back to the power
00:06:09.480plant and say, what's it burning to make the, you know, like in West Virginia, is an EV
00:06:14.700technically worse because it's all coal power plants?
00:06:18.680This episode is brought to you by TELUS Online Security.
00:07:20.440Yeah, 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.
00:07:29.560And 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.
00:07:41.880But we have not seen anything along the lines of like mass firings from A.I.
00:07:47.280And so, you know, the the narrative around the labor market and A.I. has been very scary.
00:07:53.620And I don't think that it's necessarily been accurate.
00:07:56.860Is that coming? God, I don't know. I have no idea how the whole AI thing is going to play out.
00:08:03.680I think I think AI gets really interesting when actually when the robotics catches up with the actual software.
00:08:09.400That'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.
00:08:18.160That's when you wake up and probably say, oh, we're all we're all really screwed now.
00:08:22.580But until then, you know, the impact has not materialized here.
00:08:29.960I think the AI war is a war that you just you can't lose this one technologically.
00:08:35.700And 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.
00:08:43.200It should be, you know, getting out of the way of, you know, a lot of the innovation that's going on in this space,
00:08:50.180It'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.
00:09:03.640And so, I don't know. I kind of see both sides of the arguments here, and I understand why households are increasingly concerned.
00:09:10.940But 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.
00:09:28.200Brandon. 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?
00:09:39.020But I mean, that's a typical thing. We know they haven't done a lot of nukes.
00:09:42.260But I think it's a good thing about nuclear power. Yeah. Right. Yeah. It could be misleading.
00:09:47.360But no, I think a good amount of worry is healthy. I mean, Jamie, Jamie Dimon is not actually worried.
00:09:52.120I 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.
00:10:00.300So 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.
00:10:06.080A lot of skills will become irrelevant. But I mean, I think you should be worried.
00:10:09.740I'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.
00:10:17.720So I think you should operate under that belief if you're not exactly where you want to be.
00:10:20.980like he says it like where he's a bad thing yeah no listen i it's important to pay attention to it
00:10:26.520many times when people think about valutainment all they think about is a podcast but it's a lot
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