WEBVTT - The Mark Moss Show 2-26-24 0:00:00.040 --> 0:00:02.640 Hello, and welcome to another episode of The Mark Mass Show. 0:00:02.680 --> 0:00:06.680 Where we're always talking about the decentralized revolution. We talk 0:00:06.680 --> 0:00:09.600 about the way the world is changing right before our 0:00:09.680 --> 0:00:12.760 very eyes. We're literally living through a historical moment. I 0:00:12.760 --> 0:00:15.120 have talked about many times how history books will be 0:00:15.200 --> 0:00:18.160 written about this period that we're going through right now, 0:00:18.239 --> 0:00:21.080 this transition. And of course we talk about this as 0:00:21.120 --> 0:00:23.159 we look at this, as we try to understand this 0:00:23.280 --> 0:00:28.760 through the lens of three different disciplines, politics, finance, and technology. 0:00:28.920 --> 0:00:31.160 You know, as I've talked about many times, I think 0:00:31.200 --> 0:00:33.840 a lot of people are missing the bigger picture because 0:00:33.840 --> 0:00:37.200 they're too zoomed in and they're not understanding how all 0:00:37.280 --> 0:00:39.400 three of these work together, and so they get an 0:00:39.400 --> 0:00:43.400 incomplete picture. Now, we talk about politics, finance, and technology, 0:00:43.479 --> 0:00:45.400 but we try to talk about them in relation to 0:00:45.479 --> 0:00:48.120 each other. We don't talk about politics for politics sakes, 0:00:48.120 --> 0:00:51.640 but where it's making rules and regulations on technology or finance, 0:00:51.680 --> 0:00:53.360 and those are certainly areas that we want to be 0:00:53.360 --> 0:00:55.880 paying attention to. And today we are going to be 0:00:55.920 --> 0:00:59.640 digging into technology specifically. We'll talk about some of the 0:01:00.160 --> 0:01:03.080 implications of how this will affect the markets. We're going 0:01:03.120 --> 0:01:07.520 to talk about the political ramifications of this. More importantly, though, 0:01:07.520 --> 0:01:10.200 today I want to talk about how I have been 0:01:10.480 --> 0:01:15.039 using brand new, cutting edge technology for massive efficiency and 0:01:15.040 --> 0:01:17.959 productivity gains in my own business, and how you could 0:01:17.959 --> 0:01:19.960 do the exact same thing. It's a little bit different 0:01:19.959 --> 0:01:22.319 than what we've done in the past, and the reason 0:01:22.360 --> 0:01:25.640 why is because we're doing something completely different. If you're 0:01:25.680 --> 0:01:28.679 listening on the radio, I appreciate you listening on the radio, 0:01:30.480 --> 0:01:34.600 and it's with heavy hearts bittersweet announcement for you radio 0:01:34.720 --> 0:01:38.679 listeners today that today is the last. 0:01:38.640 --> 0:01:40.440 Day of the radio show. 0:01:41.319 --> 0:01:43.880 So if you're listening on the radio, unfortunately you're not 0:01:43.920 --> 0:01:46.000 going to be able to find me on the radio anymore, 0:01:46.120 --> 0:01:48.840 but you'll continue to be able to find me on 0:01:48.920 --> 0:01:51.360 the podcast. You can just search the Mark mass Show 0:01:51.520 --> 0:01:54.040 on your favorite podcast player. All right, I'm still there. 0:01:54.280 --> 0:01:56.480 I'll still be on YouTube. You can still watch me 0:01:56.560 --> 0:01:59.040 and listen to me on YouTube, both on the Market 0:01:59.040 --> 0:02:02.559 Disruptors YouTube channel and on my main Mark Moss YouTube channel, 0:02:02.560 --> 0:02:04.200 so you can watch me listen to me there. You 0:02:04.240 --> 0:02:06.720 can still listen to me over on the podcast the 0:02:06.760 --> 0:02:09.680 Mark Moss Show, So think of it as a radio 0:02:09.720 --> 0:02:11.600 on demand, right, You can just listen to it whenever 0:02:11.600 --> 0:02:14.840 you want. But the radio show is dying and dead. 0:02:14.880 --> 0:02:17.000 Well it's not dying, as a matter of fact, it's 0:02:17.000 --> 0:02:20.480 not dying at all. It's been growing, but I'm deciding 0:02:20.520 --> 0:02:23.920 to kill it. And the reason why, I guess partly 0:02:24.160 --> 0:02:27.480 is technology. Right when I first got recruited by our 0:02:27.520 --> 0:02:30.799 Heart Media to do the radio show a couple of 0:02:30.880 --> 0:02:33.320 years ago, it was when Rush Limbaugh, who was the 0:02:33.480 --> 0:02:37.720 kingpin of radio, still dominated the airwaves, and you know, 0:02:37.800 --> 0:02:40.480 they said, hey, Rush Limbaugh's dead, and you know there's 0:02:40.520 --> 0:02:42.520 this void sort of in radio and maybe you could 0:02:42.560 --> 0:02:45.239 move into this radio spot. And I was like, people 0:02:45.240 --> 0:02:48.280 still listen to radio, Like that's still a thing, right. 0:02:48.760 --> 0:02:51.800 I haven't listened to radio in forever, And so you know, 0:02:52.400 --> 0:02:55.240 part of it was like, why am I stepping into 0:02:55.720 --> 0:02:59.320 something that's dying now? I hadn't planned to go down 0:02:59.320 --> 0:02:59.800 to this rabbit hole. 0:02:59.800 --> 0:03:01.120 Blee. Talk about this for a minute. 0:03:01.160 --> 0:03:04.079 So you know, I started making YouTube videos about five 0:03:04.160 --> 0:03:07.720 years ago, and I didn't have like a big grand 0:03:07.760 --> 0:03:10.160 scheme or big goal of what I was doing. Creating 0:03:10.160 --> 0:03:14.080 YouTube videos my immediate goal. Well, I talked about it. 0:03:14.120 --> 0:03:16.440 I was actually forced into my business partner at the time, 0:03:16.480 --> 0:03:18.680 I'd started doing YouTube videos and he forced me to 0:03:18.720 --> 0:03:20.760 do them with him. I didn't want to, but we 0:03:20.800 --> 0:03:23.400 had created a YouTube channel to sell our newsletter. We 0:03:23.400 --> 0:03:27.200 were writing a cryptocurrency research newsletter. And at the end 0:03:27.240 --> 0:03:32.920 of twenty seventeen December twenty seventeen, in the crypto cryptocurrency crackdown, 0:03:32.960 --> 0:03:37.360 the US government crackdown, they moved on the banks and 0:03:37.480 --> 0:03:41.080 social media. So Facebook and Google band all advertising for 0:03:41.120 --> 0:03:44.160 anything related to cryptocurrency, and so what were we to do? 0:03:44.240 --> 0:03:46.920 And so we created a YouTube channel just to start 0:03:46.920 --> 0:03:50.840 talking about cryptocurrency. My partner was running that and then 0:03:50.840 --> 0:03:54.560 he forced me to get on with him. So the 0:03:54.640 --> 0:03:56.720 immediate goal was like, let's just make some videos talk 0:03:56.720 --> 0:03:59.000 about our newsletter and see if people want to buy it. Which, 0:03:59.040 --> 0:04:01.120 by the way, i'm talking about a newsletter. It's not 0:04:01.160 --> 0:04:03.880 a cryptocurrency newsletter anymore. It's now a more broad just 0:04:03.960 --> 0:04:06.760 general investing newsletter. Of course, we still cover bitcoin and crypto. 0:04:07.520 --> 0:04:12.920 But that being said, I'd never intended that it would 0:04:12.960 --> 0:04:14.720 get me to where I'm at today, where I'm speaking 0:04:14.720 --> 0:04:16.240 on the biggest stages and you know, some of the 0:04:16.240 --> 0:04:19.880 business finance conferences, mentors of mine for like twenty five years, 0:04:19.880 --> 0:04:23.400 Like Robert Kiyosaki are now my good friend and iHeart 0:04:23.440 --> 0:04:24.360 recruited me to come. 0:04:24.240 --> 0:04:25.080 To a radio show. 0:04:25.360 --> 0:04:27.360 But the thing that kind of got me about it 0:04:27.440 --> 0:04:30.159 was that, you know, in the old in the old world, 0:04:30.440 --> 0:04:35.680 in the old economy, there were gatekeepers, and so because 0:04:35.720 --> 0:04:41.800 we didn't have technology, you needed the gatekeeper. You needed 0:04:42.160 --> 0:04:44.960 somebody to put you on to help you out, to 0:04:45.000 --> 0:04:48.000 build you out. So, for example, I would need a 0:04:48.080 --> 0:04:51.279 massive amount of money to build out a factory in 0:04:51.400 --> 0:04:54.000 order to start a business and make a product, or 0:04:54.040 --> 0:04:57.080 I would need somebody who had a factory to bring 0:04:57.160 --> 0:05:00.040 me onto their platform to let me build their The 0:05:00.040 --> 0:05:02.919 same was true with media. So in the old days, 0:05:03.000 --> 0:05:08.000 I needed ABC, CBS, CNN, Fox to give me a show. 0:05:08.480 --> 0:05:10.880 I needed a radio station to put me on their 0:05:10.960 --> 0:05:14.599 radio station. I needed this ESPN to put me on 0:05:14.720 --> 0:05:18.359 as a sportscaster, right But in the new economy, we 0:05:18.440 --> 0:05:20.599 don't need that. In the new economy, there is no 0:05:20.680 --> 0:05:23.920 gatekeepers because technology has changed that. And so I could 0:05:23.960 --> 0:05:27.320 literally I did literally start up a YouTube channel and 0:05:27.360 --> 0:05:30.839 just start talking directly to my core audience, and by 0:05:30.839 --> 0:05:34.280 bringing value directly to them, I could build up an audience. 0:05:34.279 --> 0:05:36.279 If I made good content, people would want to watch 0:05:36.279 --> 0:05:37.800 more of it. If I made bad content, they'd watch 0:05:37.839 --> 0:05:40.880 less of it. And it took away the gatekeeper. And 0:05:40.920 --> 0:05:44.360 it also changed the paradigm of how we even think 0:05:44.360 --> 0:05:48.160 about content content creators, which content creators weren't even a 0:05:48.200 --> 0:05:50.440 word at the time, but to think about like today, 0:05:50.520 --> 0:05:53.800 now it's still going, but it's dying. But it just 0:05:53.839 --> 0:05:56.880 seems weird to me today that like I would need 0:05:56.880 --> 0:06:00.840 to tune into any network shows. Not to point anybody out, 0:06:00.880 --> 0:06:03.400 but let's just say, like CNN or ESPN for that matter, 0:06:03.680 --> 0:06:06.320 use ESPN Sports are a little bit more neutral. But 0:06:06.560 --> 0:06:10.400 why would I tune into ESPN and watch their lineup 0:06:10.440 --> 0:06:13.080 of programming where it's very linear, where it's like, well, okay, 0:06:13.120 --> 0:06:16.560 well now we're covering pickleball and up next to tennis, 0:06:16.600 --> 0:06:18.359 and then after that we're gonna go to baseball, and 0:06:18.360 --> 0:06:20.640 then after baseball we're gonna go to IndyCar racing and 0:06:20.680 --> 0:06:23.960 it's like this linear format. But like, I don't want 0:06:23.960 --> 0:06:25.920 to watch my content like that. If I want to 0:06:25.960 --> 0:06:27.920 watch IndyCars, I just want to watch Indy Cars. I 0:06:27.920 --> 0:06:29.480 don't want to wait three hours for it to come 0:06:29.480 --> 0:06:32.160 on I don't want toatch watch pickleball first, or vice versa. 0:06:32.160 --> 0:06:32.880 If I want to watch. 0:06:32.720 --> 0:06:34.360 Pickaball, I don't want it to go to IndyCars later. 0:06:34.720 --> 0:06:39.679 And so the idea behind needing, the whole idea behind 0:06:39.720 --> 0:06:44.480 the network is archaic in my opinion, of having this 0:06:44.640 --> 0:06:48.680 pre configured lineup when today everything's on demand. And so anyway, 0:06:48.920 --> 0:06:52.480 technology change the way we consume content broke down sort 0:06:52.520 --> 0:06:55.839 of the gatekeeper of the network itself. And then of 0:06:55.839 --> 0:07:01.360 course it's also evolved past radio. I put this on 0:07:01.360 --> 0:07:03.880 my Instagram today. If you're not following money on Instagram, 0:07:03.960 --> 0:07:06.760 check me out at Mark Moss and I put up 0:07:07.040 --> 0:07:08.800 just a story talking about today would be my last 0:07:08.880 --> 0:07:11.320 day recording radio. And I put the song over it 0:07:11.360 --> 0:07:13.840 that video killed the radio star if you guys know 0:07:13.880 --> 0:07:16.280 that song, but video killed the radio. So here, I 0:07:16.400 --> 0:07:20.880 was recruited by a heart a network to build a show, 0:07:21.160 --> 0:07:24.680 but I'm already generating millions of views on my own 0:07:24.840 --> 0:07:27.679 without a network. What do I need iHeart for? But anyway, 0:07:28.040 --> 0:07:30.360 I like to learn, I like to grow, let's do it. 0:07:30.400 --> 0:07:32.800 I've never done radio. I know it's an old paradigm, 0:07:32.880 --> 0:07:34.680 it's an old it's no model, but let's do it 0:07:34.760 --> 0:07:36.680 over the course of the last couple of years. It's 0:07:36.720 --> 0:07:38.760 done pretty well. I think we started in about twenty 0:07:38.800 --> 0:07:41.640 five markets and it grew. I think we grew up 0:07:41.640 --> 0:07:44.680 to about seventy five markets, which I think is pretty good. 0:07:44.720 --> 0:07:46.000 I don't have a lot to compare that to. If 0:07:46.400 --> 0:07:47.800 you've been in a radio a long time, maybe you'll 0:07:47.840 --> 0:07:49.880 know a little bit better than me. But it showed 0:07:49.920 --> 0:07:52.520 that there was demand in the market, there was some 0:07:52.800 --> 0:07:56.040 product market fit, and it grew. Now, part of what 0:07:56.160 --> 0:07:57.960 I think held back some of the growth, I would 0:07:57.960 --> 0:08:01.239 say is that because I talk a lot about bitcoining, 0:08:01.240 --> 0:08:05.640 cryptocurrencies and investing, we went through arguably one of the 0:08:05.760 --> 0:08:10.560 deepest and longest bear markets, right down markets in bitcoin 0:08:10.560 --> 0:08:13.560 and cryptocurrencies, and you throw in all the bad press 0:08:13.560 --> 0:08:17.760 with FTX and sam Bankman Freed and Celsius and terror 0:08:17.800 --> 0:08:20.280 lun and all of that. It really sort of gave 0:08:20.320 --> 0:08:23.640 the entire industry black eye, or more importantly, sort of 0:08:23.640 --> 0:08:26.480 sucked the energy the air out of that, and so 0:08:26.600 --> 0:08:28.520 that probably hurt the growth a little bit. Obviously, if 0:08:28.560 --> 0:08:30.600 I had been doing it two years of an up 0:08:30.720 --> 0:08:33.280 trend market, it probably would have done much better. Here 0:08:33.320 --> 0:08:35.280 we are in a downtrend market that probably affected a 0:08:35.280 --> 0:08:39.120 little bit, but that being said, it still grew, went 0:08:39.160 --> 0:08:42.240 from twenty five per centy five markets. But I'm just 0:08:42.520 --> 0:08:44.440 the amount of effort and work that it is for 0:08:44.480 --> 0:08:47.280 the radio show just to me at this point, after 0:08:47.280 --> 0:08:49.320 a couple of years of doing it isn't worth the 0:08:49.400 --> 0:08:52.280 effort and squeeze anymore. And so we've decided to go 0:08:52.280 --> 0:08:54.559 ahead and just pull that back. Even though it's growing, 0:08:54.559 --> 0:08:56.520 We're going to pull it back. And my goal is 0:08:56.520 --> 0:09:01.520 to focus on more better content, well not more better content, 0:09:02.240 --> 0:09:05.360 higher quality, lesser quantity. But I'm still going to be here. 0:09:05.360 --> 0:09:07.000 I'll still be on YouTube Mark Moss, I'll still be 0:09:07.000 --> 0:09:09.520 on YouTube Market Disruptors, and I will still be on 0:09:09.559 --> 0:09:12.679 the podcast at the Mark Mass Show. Now I'm going 0:09:12.720 --> 0:09:15.319 to cover more technology. We're talking about the shift in 0:09:15.320 --> 0:09:17.400 technolog I'm going to tell you about new technology I'm 0:09:17.520 --> 0:09:21.360 using that's exploding my productivity and how it fits into 0:09:21.480 --> 0:09:24.520 this paradigm of this decentralized world. You don't want to 0:09:24.520 --> 0:09:26.880 miss this. If you want to improve your productivity and 0:09:26.960 --> 0:09:31.360 your profits, more work, more leverage, less time spent working, 0:09:31.400 --> 0:09:32.920 then you want to hear what I have to say 0:09:32.920 --> 0:09:34.360 I'll be back in a minut after a very short break. 0:09:34.440 --> 0:09:35.200 Don't go away, all. 0:09:35.160 --> 0:09:36.600 Right, Welcome back. So if you're just tuned in, you're 0:09:36.600 --> 0:09:39.920 listening to the Mark Mass show. We're talking about They 0:09:40.000 --> 0:09:42.400 always talk about the intersection of politics, finance, and technology. 0:09:42.400 --> 0:09:45.400 We're sort of focusing more on technology today, and I 0:09:45.440 --> 0:09:48.600 was talking about I am changing my technology platform from 0:09:48.640 --> 0:09:50.440 old school radio and we're going to be going just 0:09:50.480 --> 0:09:53.599 to podcast and YouTube so it's more interactive and I 0:09:53.600 --> 0:09:58.000 can get directly out to you, better quality content, less 0:09:58.040 --> 0:09:59.319 work for everybody involved. 0:09:59.440 --> 0:10:00.720 I'm pretty side about. 0:10:00.559 --> 0:10:02.960 This this shift. So I'll still be with you, just 0:10:02.960 --> 0:10:05.440 not here on the radio if you're listening on the radio. 0:10:05.600 --> 0:10:08.280 But today I want to talk about AI. I want 0:10:08.280 --> 0:10:11.600 to talk about artificial intelligence, and I want to talk 0:10:11.640 --> 0:10:14.640 about it from a couple different standpoints. One, obviously, it's 0:10:14.679 --> 0:10:17.880 always technology that changes the world. I say this all 0:10:17.880 --> 0:10:20.320 the time, because it changes the way that we work, 0:10:21.160 --> 0:10:24.080 the way that we communicate, the way that we interact, 0:10:24.200 --> 0:10:26.320 change the way that we organize. All right, So it's 0:10:26.320 --> 0:10:28.800 always technology. And if we look back through thousands of 0:10:28.920 --> 0:10:30.640 years of history, I use these examples all the time, 0:10:30.679 --> 0:10:32.920 we can see how they're also not only do they 0:10:32.960 --> 0:10:35.479 change the world, they change sort of in this pendulum 0:10:35.480 --> 0:10:40.319 that swings from centralization back to decentralization. So each technology 0:10:40.360 --> 0:10:45.040 sort of does this, and this AI technology is at 0:10:45.040 --> 0:10:51.200 the coming out right in this decentralized pendulum pivot. So 0:10:51.240 --> 0:10:56.119 we have decentralized technologies like Bitcoin, decentralized protocols, decentralized communication 0:10:56.200 --> 0:11:00.000 protocols like Noster, and this is really helping the pendulums 0:11:00.040 --> 0:11:03.400 swing back from full centralization back to decentralization. And now 0:11:03.440 --> 0:11:08.000 we also have AI. Now AI chat GPT, Google's Gemini, 0:11:08.040 --> 0:11:09.520 which I've been using the last couple weeks, which is 0:11:09.559 --> 0:11:14.439 actually really good for some things. Some people might say 0:11:14.480 --> 0:11:18.600 they're not real AI, either LMS or large language models, 0:11:19.200 --> 0:11:21.400 something like that. Whatever you want to call it, we're 0:11:21.400 --> 0:11:23.960 just going to call it AI for now. It has 0:11:24.200 --> 0:11:27.280 definitely changed the world. Now is this centralizing or decentralizing. 0:11:27.280 --> 0:11:27.720 It's both. 0:11:28.840 --> 0:11:32.720 It's decentralizing because now as Sam Maltman, the founder of 0:11:32.800 --> 0:11:35.720 open Ai, came out and said he believes it will 0:11:35.720 --> 0:11:42.320 finally see the first billion dollar single person business because chat, 0:11:42.360 --> 0:11:45.199 GPT or large Language models or Gemini, whatever you want 0:11:45.240 --> 0:11:48.200 to say. Because AI is now able to make us 0:11:48.200 --> 0:11:51.480 so much more productive and so much more efficient. It 0:11:51.520 --> 0:11:54.320 will have a decentralizing force. So in order to make 0:11:54.360 --> 0:11:57.000 a billion dollars in the old economy, you would have 0:11:57.000 --> 0:12:01.079 had to build a giant factory. Lots of people have 0:12:01.240 --> 0:12:04.160 mass production, right, so it's very centralized, and everybody moves 0:12:04.200 --> 0:12:06.840 into these cities, into these factories, and you have these 0:12:07.040 --> 0:12:10.360 large mass manufacturing plants. But today, to the point he's 0:12:10.400 --> 0:12:12.840 making is you can have a solo priner, let's just 0:12:12.840 --> 0:12:15.440 call it that, a single person business that could do 0:12:15.440 --> 0:12:18.840 a billion dollars. And so instead of having one business 0:12:18.880 --> 0:12:21.439 where you know, thousands of people work at, or tens 0:12:21.480 --> 0:12:24.560 of thousands people work outstead of one business, now you 0:12:24.640 --> 0:12:30.360 can have ten thousand businesses. So it's very decentralizing. Now, 0:12:31.520 --> 0:12:33.599 that is what the power of this, But at the 0:12:33.640 --> 0:12:40.760 same time, it's somewhat centralizing because who controls the language 0:12:40.800 --> 0:12:43.480 model the LM. The LM, the AI has to be 0:12:43.559 --> 0:12:46.959 trained and it has to be fed information for it 0:12:47.040 --> 0:12:49.840 to absorb to have that information to recite back out. 0:12:50.080 --> 0:12:54.079 And so whoever controls that AI, whoever can whoever feeds 0:12:54.080 --> 0:12:57.800 that and controls it, then can control lots of people 0:12:58.480 --> 0:13:02.600 because if we're all now depending on chat GBT or 0:13:02.640 --> 0:13:06.040 Gemini or whicheveryone's happened to pop up afterwards. Then that 0:13:06.120 --> 0:13:08.720 is a very centralizing force. So you can see that 0:13:09.120 --> 0:13:11.680 it's a little bit of a complex issue here, But 0:13:11.880 --> 0:13:13.960 I want to dig into a little bit more specifically 0:13:13.960 --> 0:13:17.080 today some of the ways. Let's see, we're going to 0:13:17.080 --> 0:13:20.120 talk about some of the fallacies that I think a 0:13:20.120 --> 0:13:23.520 lot of people are understanding this all wrong, and part 0:13:23.559 --> 0:13:26.800 of the fallacies are keeping them from really taking advantage 0:13:26.840 --> 0:13:28.679 of what's happening here. I want to talk about some 0:13:28.760 --> 0:13:31.920 of the risks and fears that I think are misplaced, 0:13:32.520 --> 0:13:34.400 and I think we need to understand them better. And 0:13:34.440 --> 0:13:37.280 it's one of those things where you either jump on 0:13:37.360 --> 0:13:39.120 it and get ahead or you fall behind. 0:13:39.360 --> 0:13:40.120 I want to talk. 0:13:40.000 --> 0:13:45.040 About ways specifically that you can use it. I want 0:13:45.040 --> 0:13:48.080 to talk about way specifically that I'm using it right, 0:13:48.600 --> 0:13:51.199 and then we'll talk about understanding some of the limits 0:13:51.240 --> 0:13:53.120 that it has and how to navigate some. 0:13:53.080 --> 0:13:54.360 Of the challenges and things like that. 0:13:54.400 --> 0:13:58.320 All right, So that's kind of the outline of what 0:13:58.320 --> 0:14:00.520 we're going to talk about. If you will hear for 0:14:00.600 --> 0:14:02.079 a moment, and part of this, like I said, it 0:14:02.080 --> 0:14:03.560 is a little bit different than what I normally do, 0:14:04.120 --> 0:14:06.440 but I've just been using it so much more lately 0:14:07.600 --> 0:14:09.880 nowhere and near an expert nowhere inro an expert. But 0:14:10.200 --> 0:14:11.600 maybe I'm a couple steps ahead of you. And so 0:14:11.679 --> 0:14:13.240 let me give you some ideas. Now, First of all, 0:14:13.679 --> 0:14:18.520 it's only been fourteen months. It's only been fourteen months 0:14:18.600 --> 0:14:22.880 since Chat, since Chat GPT was released into the world. 0:14:23.320 --> 0:14:26.240 It's crazy how fast time flies, and it's amazing how 0:14:26.320 --> 0:14:30.560 big of an impact it's already made. But there was 0:14:30.640 --> 0:14:33.720 all types of fallacies, false beliefs that came out as 0:14:33.720 --> 0:14:36.040 soon as it came out. And I want to break 0:14:36.040 --> 0:14:37.640 a couple of these down before we dive in here 0:14:37.680 --> 0:14:40.360 so you can understand this. Some of the fallacies that 0:14:40.400 --> 0:14:45.040 we have is that AI, Chat GPT, Jimini whatever, AI 0:14:45.800 --> 0:14:49.760 is not going to make everybody smarter. As a matter 0:14:49.760 --> 0:14:53.120 of fact, it's going to do the opposite. You hear 0:14:53.160 --> 0:14:56.240 a lot about the middle class. We used to have 0:14:56.280 --> 0:14:58.600 this strong middle class in the United States and it 0:14:58.640 --> 0:14:59.640 all got hollowed out. 0:15:00.000 --> 0:15:01.200 And why did it get hauled out? 0:15:01.240 --> 0:15:03.640 Well, the narrative is that all those jobs got sent 0:15:03.680 --> 0:15:07.200 over to China, which is partly true. A lot of 0:15:07.240 --> 0:15:09.000 those manufacturing jobs did get outsourced. 0:15:09.000 --> 0:15:10.720 So that's a big piece of it. 0:15:11.880 --> 0:15:14.520 A bigger piece of it is because of the technology. 0:15:15.080 --> 0:15:18.720 You see, I talked about just earlier how the previous 0:15:18.720 --> 0:15:21.720 technology revolution that we had, which was the industrial revolution, 0:15:22.280 --> 0:15:26.520 moved everybody into cities and factories onto assembly lines. And 0:15:26.560 --> 0:15:30.600 the assembly lines made everybody work about the same. So 0:15:30.720 --> 0:15:34.440 whether you were way smarter or way dumber, we were 0:15:34.480 --> 0:15:36.760 all in the assembly line doing the same thing. 0:15:37.560 --> 0:15:38.800 And so instead of. 0:15:38.760 --> 0:15:41.600 Having this the smart people over here and the dumb 0:15:41.600 --> 0:15:45.360 people over here, the motivated, hard working people here, the 0:15:45.480 --> 0:15:47.560 lazy people over here, whatever you want to however you 0:15:47.600 --> 0:15:51.680 want to divide that, maybe dumb is unmotivated. But rather 0:15:51.720 --> 0:15:54.200 than split them up on the assembly line, it allowed 0:15:54.200 --> 0:15:56.400 them all to do the same thing. Let's just put 0:15:56.400 --> 0:15:59.160 them all together and make them equal equality. It's great, right, 0:15:59.280 --> 0:16:02.360 and so that this giant middle class. The problem is 0:16:02.400 --> 0:16:05.520 that we're no longer in the We're no longer in 0:16:05.560 --> 0:16:08.520 the industrial age. Again, technology is what changes things. We're 0:16:08.560 --> 0:16:10.440 no longer in the industrial age today, we're in the 0:16:10.480 --> 0:16:13.840 information age. And so instead of us you and I 0:16:13.960 --> 0:16:18.640 working on the assembly line together, now we're working independently. 0:16:18.960 --> 0:16:22.160 Back to Sam Altman's talk quote about Open Eye. He 0:16:22.200 --> 0:16:26.040 thinks will have the first billion dollar single person company. 0:16:26.280 --> 0:16:30.280 So if one person is very smart and very motivated, 0:16:30.640 --> 0:16:33.080 they could create a billion dollars worth of value and 0:16:33.120 --> 0:16:37.240 they don't need all those other people. And that is 0:16:37.240 --> 0:16:40.800 what continues to create this gap, this wealth gap, where 0:16:40.840 --> 0:16:45.280 smarter people that leverage technologies and work harder, work more 0:16:45.280 --> 0:16:48.040 focused start to pull ahead in the information aigen it's 0:16:48.040 --> 0:16:51.240 the true meritocracy. They start to pull ahead from the 0:16:51.240 --> 0:16:54.280 people who are less motivated, less hard working, and less educated. 0:16:55.280 --> 0:16:58.880 So no, AI is not going to make everybody smarter. 0:16:59.240 --> 0:17:02.400 It's going to make smart people smarter, and it's going 0:17:02.440 --> 0:17:07.280 to make mediocre and dumb people dumber. They're going to 0:17:07.320 --> 0:17:09.639 continue to fall further behind. So this is going to 0:17:09.760 --> 0:17:14.480 continue to widen the gap, the income inequality gap, which 0:17:16.119 --> 0:17:18.520 I think is okay. I think everybody's looking at the 0:17:18.560 --> 0:17:21.320 wrong thing. So rather than be mad about it, we're 0:17:21.320 --> 0:17:22.879 going to talk about how you can use this, you 0:17:22.920 --> 0:17:26.040 can be part of that revolution. The other reason why 0:17:26.119 --> 0:17:28.480 it's the other fallacy, and part of the reason why 0:17:28.520 --> 0:17:31.840 it's not going to make everybody smarter, is because everybody 0:17:32.440 --> 0:17:36.159 doesn't have good questions to ask. You see, all the 0:17:36.480 --> 0:17:39.240 LLM can do that AI can do is respond back 0:17:39.280 --> 0:17:41.760 to you. I like to say very often you've probably 0:17:41.760 --> 0:17:44.239 heard me that the quality of your life comes down 0:17:44.320 --> 0:17:47.600 to the questions that you ask. But most people ask 0:17:48.040 --> 0:17:52.040 very bad questions. I get thousands of questions every single 0:17:52.040 --> 0:17:53.800 week across my social media platforms. 0:17:53.840 --> 0:17:54.960 I know I see them. 0:17:55.280 --> 0:18:00.199 The questions are so broad and lacking any type of 0:18:00.200 --> 0:18:02.560 intentionality that there's no way somebody can get back. 0:18:02.359 --> 0:18:03.199 A good answer. 0:18:03.520 --> 0:18:05.160 If you're just tune in, you're listening to the Mark 0:18:05.200 --> 0:18:08.480 Moss Show. We're talking about how technology changes the world 0:18:08.480 --> 0:18:11.000 and the technologies change the world. We talk about bitcoin 0:18:11.040 --> 0:18:13.520 typically we're talking about AI, and we're gonna talk about 0:18:13.520 --> 0:18:15.439 how it's changed in the world and how you can. 0:18:15.320 --> 0:18:16.680 Take advantage of it. You don't want to miss this, 0:18:16.960 --> 0:18:19.760 don't go away. I'll be right back. All right, welcome back. 0:18:19.800 --> 0:18:21.400 If you just tune in, you're listening to the Mark 0:18:21.440 --> 0:18:24.400 mass Show. We're talking about how technology changes the world, 0:18:24.480 --> 0:18:28.639 and right now we're talking about AI. You know, llm's 0:18:28.720 --> 0:18:31.680 large language models, chat GYBT, Jimini, et cetera. And I 0:18:31.760 --> 0:18:33.280 was running through some of the fallacies. So first of all, 0:18:33.280 --> 0:18:35.120 it's not gonna make everyone smarter. Part of the reason 0:18:35.160 --> 0:18:37.680 why is because most people don't have good questions. Like 0:18:37.720 --> 0:18:40.400 I said, I see thousands of comments every single week 0:18:40.440 --> 0:18:42.960 across my platforms. It's kind of like my finger on 0:18:43.000 --> 0:18:45.080 the pulse. Well maybe it's the finger of the pulse 0:18:45.119 --> 0:18:47.720 on my audience. But I see so many bad questions. 0:18:48.000 --> 0:18:51.200 And what are bad questions? Questions are very broad right, 0:18:51.320 --> 0:18:54.640 non specific. So for example, mark what books should I read? 0:18:55.359 --> 0:18:56.240 What books should you read? 0:18:56.280 --> 0:18:56.600 For what? 0:18:57.359 --> 0:19:00.959 Right? Like, think about how in precise that question is. 0:19:02.160 --> 0:19:04.240 I read all kinds of books, but it depends on 0:19:04.280 --> 0:19:06.560 what I want to learn. So when I'm hiring people, 0:19:06.720 --> 0:19:09.720 I'm reading books on human resources, I'm reading books on recruitment. 0:19:09.960 --> 0:19:10.120 Right. 0:19:10.400 --> 0:19:14.240 If I'm trying to scale my marketing, I'm reading books 0:19:14.240 --> 0:19:17.960 on marketing. If I'm trying to buy a new piece 0:19:17.960 --> 0:19:19.800 of real estate, I might be reading real estate books. 0:19:19.800 --> 0:19:22.760 So it's if you ask me something more specific, if 0:19:22.760 --> 0:19:25.199 you had something more specific in your head, then you 0:19:25.200 --> 0:19:27.480 can ask a more specific questions you get a backup 0:19:27.600 --> 0:19:30.320 better answer. So let me give you an example of this. 0:19:31.600 --> 0:19:34.159 Chechipt is so broad you can do like almost anything. 0:19:34.640 --> 0:19:38.240 The problem is when you're given almost every option, you 0:19:38.240 --> 0:19:40.960 don't know what to do. Analysis prolysis sets in. So 0:19:41.200 --> 0:19:44.400 when chechipt first launch or open ai first launch, there 0:19:44.480 --> 0:19:47.160 was a app that was created called Lensa. This Lensa 0:19:47.200 --> 0:19:49.520 app would be would allow you to take a picture 0:19:49.520 --> 0:19:51.840 of yourself and then it would return to you like 0:19:52.080 --> 0:19:56.960 ten Ai, generated images of yourself, setting like different different themes, 0:19:57.000 --> 0:20:00.159 and it was like ten bucks and it blew you 0:20:00.400 --> 0:20:03.359 up within like days. It was generating millions of dollars. 0:20:03.359 --> 0:20:06.360