Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.
Speaker 2: Single best idea over the weekend, without question. AI was
Speaker 2: the chat du jour, the idea of belief in it,
Speaker 2: disbelief in it, mystery getting to the June ten meeting.
Speaker 2: Mark German out of power On. Subscribe to power On.
Speaker 2: It's a Bloomberg newsletter, hugely informative with all the industry
Speaker 2: contexts of Mark German can't say enough about it. German
Speaker 2: Publishing on the importance of all this, so we thought
Speaker 2: we'd do a single best idea. Amanda Agatti P and
Speaker 2: C Financial usually measures she likes US over international, big
Speaker 2: stocks over small Here is Amanda Agatti on a I.
Speaker 3: I think the key as it relates to AI is
Speaker 3: that it is not just one stock AK and Video.
Speaker 3: I mean, we are big fans of Nvidia, but the
Speaker 3: story goes so much further than just one stock or
Speaker 3: one industry. I think the key, really, the Secular Bowl
Speaker 3: theme is really across the market and across sectors and industries.
Speaker 3: Any company, no matter how big or small, that can
Speaker 3: leverage that technology to enhance their processes and enhance profitability
Speaker 3: is going to win. And I think that's why some
Speaker 3: of the game is really changing. You're seeing utilities move
Speaker 3: pretty dramatically. It's such an odd AI play, but that's
Speaker 3: a good example of what we're thinking about much broader
Speaker 3: base play.
Speaker 2: Wellman A got APNC, lots of conversations on this today,
Speaker 2: and you know, this is a really sprightly you know,
Speaker 2: Tuesday after Memorial Day weekend set of voices today. Ani
Speaker 2: Agrana out of Chicago with Bloomberg Intelligence, I thought was
Speaker 2: really great going from his expertise in cloud over to
Speaker 2: the appropriation or allocation I should say a better word,
Speaker 2: the allocation at capital. Ani Agrana, who's truly expert in this,
Speaker 2: is adamant there's no downside to this big expend of
Speaker 2: capital on technology in America. That's a heated debate. There's
Speaker 2: a lot of people that push against that. Groan excuse me,
Speaker 2: anirak ron I guess man, I didn't get enough tang
Speaker 2: zero this morning. Antiog Arana really quite heated that there's
Speaker 2: a huge advocacy here to good use of capital into
Speaker 2: the boom. To continue my answer as well, it's wrapped
Speaker 2: around nominal GDP that seems to be doing better than good.
Speaker 2: Another voice on AI, a different voice than Amanda Agatti.
Speaker 2: Mike Green is to simplify huge expertise here with various
Speaker 2: hedgephones over the years. Mike Green is a wonderful and
Speaker 2: intelligent voice here on AI. Here Mike Green on artificial intelligence.
Speaker 1: The dynamics and AI are really fascinating to me, particularly
Speaker 1: because of the impact is likely to have in the
Speaker 1: knowledge economy. The way I describe AI, and I use
Speaker 1: it extensively, is it's like having an unlimited number of
Speaker 1: first year investment banking analysts know what they don't know what? Boy,
Speaker 1: do they work hard right now? As a manager? Right
Speaker 1: that actually creates conditions under which I suddenly have a
Speaker 1: workforce that is willing to work for twenty dollars per
Speaker 1: month in almost unlimited fashion. Do I need to supervise them?
Speaker 1: Do I need to make sure that the quality that
Speaker 1: they're putting out is robust? Absolutely? But this has implications
Speaker 1: both for my own productivity and for our society. Candidly,
Speaker 1: I've got three kids who are in the process of
Speaker 1: coming out of college, all of whom are looking at
Speaker 1: those first year investments in banking roles and saying, what
Speaker 1: do I want to be doing?
Speaker 2: Right?
Speaker 1: Is this the direction that I want to go given
Speaker 1: that I now have twenty dollars a month competitors.
Speaker 2: That is the single best description I have heard of AI.
Speaker 2: Mike Green there simplify with just a brilliant summation that
Speaker 2: all of this, and I'm not just talking about chat
Speaker 2: GPT and what it means for computer programmers, but all
Speaker 2: of this is basically the integrity of wonderful, well meaning
Speaker 2: first year investment bankers. And it can be first year
Speaker 2: in whatever field year in folks, I really really can't
Speaker 2: say that enough. But what is going to be the
Speaker 2: use to so many of us of the wisdom of
Speaker 2: a first year nurse, a first year doctor, a first
Speaker 2: year plumber, a first year construction guy. I just really
Speaker 2: have trouble with us. I think Paul Sweeney feels the
Speaker 2: same way, and we'll just continue to talk to voices.
Speaker 2: Is this unwindes. One thing we heard today incredibly important
Speaker 2: is this Apple Developers conference is crucial for the future
Speaker 2: of Apple Ana Agrana, among others. Making clear that the
Speaker 2: expectations are set so high for Tim Cook in that theme,
Speaker 2: Caroline Hide and need Ludlow. Of course we'll have coverage
Speaker 2: of that with Bloomberg Technology. Look for that out to
Speaker 2: June tenth, that something will continue to weigh on as well.
Speaker 2: We are on Apple car Play, they're out with a
Speaker 2: new software like soon. I'm not sure when it's going
Speaker 2: to have a whole new improvements to where you literally
Speaker 2: can talk to your dashboard, maybe catching up with Android.
Speaker 2: Android Play certainly doing well as well for us. And
Speaker 2: on YouTube, and I really think it was a shock
Speaker 2: of the Memorial Day weekend is trying to not so
Speaker 2: much assess we can assess it, and we're humbled by
Speaker 2: the response. On YouTube. You go to YouTube, you search
Speaker 2: Bloomberg podcasts, you can subscribe to Bloomberg podcast to get
Speaker 2: all the value out of our conversations. But we're absolutely
Speaker 2: humbled by it. I can't say enough about YouTube Premium
Speaker 2: as well. I pay for that myself. They didn't give
Speaker 2: it to me. YouTube Premium is just a wonderfully clean
Speaker 2: interface to get all of this good conversation on economics, finance, investment,
Speaker 2: and international relations on a Tuesday. It's a holiday length
Speaker 2: and work week. Single best I did sen