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Speaker 3: I was actually watching CNBC last week and they was
Speaker 3: saying how Google's in trouble and how AI essentially is
Speaker 3: a search engine, whether whatever AI platform you're using, even me,
Speaker 3: like I use chat gbt for search engine purposes more
Speaker 3: Google at the point in time, like I want to say, like, okay,
Speaker 3: well you know when was the first elephant spotted by man? Right,
Speaker 3: I'll go to chat gbt, which essentially I'm using it
Speaker 3: for the same capacity that.
Speaker 4: You would use a Google search engine for.
Speaker 3: But I'm just so accustomed to using chat GBT that
Speaker 3: I'll use Chat GBT more than I'll use Google. So
Speaker 3: she was just saying that she thought that Google was
Speaker 3: losing the AI race and that you know, they're losing
Speaker 3: their dominance as far as their search engine is, more
Speaker 3: competition and a variety of other factors. So now they're
Speaker 3: laying off people.
Speaker 4: Yeah, that's never good they do.
Speaker 1: But they did something very intelligent.
Speaker 3: And I was gonna say they also, uh they got
Speaker 3: caught and then uh, Israel God's situation, they laid off
Speaker 3: I think twenty one people for that twenty eight people
Speaker 3: that chose to protest, they deal with Israel.
Speaker 4: So they've been having some issues. So what were you saying?
Speaker 1: So their roleouts haven't been great.
Speaker 2: From and we spoke about it, from Bar to even
Speaker 2: now with Gemini hasn't been great. But in this space
Speaker 2: for AI and the race for AI, they've made a
Speaker 2: strategic partnership and probably went under like people that probably
Speaker 2: can't pay attention to it. But Meta has now partnered
Speaker 2: with them to be included in their searches. And so
Speaker 2: now Meta, when you're talking about how many users under
Speaker 2: that platform three point four billion. Yeah, right onside of
Speaker 2: the Meta platforms now.
Speaker 1: The Google search Engine will.
Speaker 2: Be a part of that platform, and so that's a
Speaker 2: very strategic partnership. So I mean you can innovate, they've
Speaker 2: they've botched it on their own, and so making a
Speaker 2: strategic partnership like that is important. But yeah, the layoffs,
Speaker 2: this has been continuous. We've seen this since twenty twenty three.
Speaker 2: We've seen it multiple of tech companies. And it's really simple.
Speaker 2: They can they put out a statement and I can
Speaker 2: read this statement, but the gist of it is this, Look,
Speaker 2: we've got to cut costs because we have to win
Speaker 2: this race in AI and that's where our money, our
Speaker 2: capital expensions have to go. That's the focus of this
Speaker 2: company going forward. Anything that is not a part of
Speaker 2: that is going to be cut to the wayside. And
Speaker 2: so they cut people from their finance department, they cut
Speaker 2: some people from the search department. All these people are
Speaker 2: getting laid off because they're looking at the bottom line
Speaker 2: and saying, if we can be more efficient with less,
Speaker 2: because we know the type of money that we have
Speaker 2: to allocate to this race to even be in it,
Speaker 2: then we got to do it. And so unfortunately people
Speaker 2: lose jobs because of that. They're looking at the macro
Speaker 2: bit that we have to win this race. We have
Speaker 2: to be one or two in it, and that's the
Speaker 2: that's the focus, and they win it. Though I don't
Speaker 2: think that they have the great they have some of
Speaker 2: the brightest minds. When when we look at the infrastructure
Speaker 2: of all these AI companies, they somehow tied back to
Speaker 2: Google and they at deep at some point in their origin.
Speaker 2: They just haven't had the marketing and the rollout that
Speaker 2: these other companies have with Microsoft and Chat GBT have done.
Speaker 2: I mean, it's been incredible every I mean, it just
Speaker 2: keeps getting better. Every time they do something. The announcement
Speaker 2: is great, they updated, it's great, they add it's great.
Speaker 2: Google just can't seem to get there right yet. It's
Speaker 2: been a while. It's been a while since they had
Speaker 2: a rollout. Remember they tried the gaming system, they tried
Speaker 2: the glasses. These technologies are great and people are looking
Speaker 2: at it like that's the future. Somebody comes and does
Speaker 2: it the right way, and it's like, wait, we forgot
Speaker 2: that Google actually started that. Right before there was the
Speaker 2: Google Glasses, and then you had Meta had the Quest
Speaker 2: and then Apple obviously this division pro Now you forgot
Speaker 2: that Google was even involved in it. Then they had
Speaker 2: the gaming system that botch. They try to do the
Speaker 2: search and the chat GBT rival with that flopped. They
Speaker 2: try it now they named the Gemini. We'll see what happened.
Speaker 2: It's just playing catch up. They have the innovation in
Speaker 2: the role, it's just the execution hasn't been great.
Speaker 1: Rashot, what were we gonna say?
Speaker 3: Well, now, I was just gonna say from a just
Speaker 3: because I want to we cover news a lot of
Speaker 3: market moneys, but I also want to just give like
Speaker 3: some investment advice. And this is related to this topic
Speaker 3: where there's a lot of people that watch the show
Speaker 3: that might have just begun investing or they have not
Speaker 3: invested yet.
Speaker 4: And the first two stories that we just covered.
Speaker 3: On Apple and Google is an example why it is
Speaker 3: usually more beneficial to invest in an ETF or an
Speaker 3: index war as opposed to an individual company, right, because
Speaker 3: anything can happen, and even the strongest companies at a
Speaker 3: certain point start to decay.
Speaker 4: That's just it's just life, right.
Speaker 3: Nobody's going to be like at one point in time,
Speaker 3: Kodak was the premiere place, you know, so it's like
Speaker 3: every their industries change, right, and as industries change, giants
Speaker 3: and industries start to stumble and fall. Yeah, as you
Speaker 3: as an investor, the safest route that you can take
Speaker 3: is to invest in an index fund or an ETF
Speaker 3: because that gives you broad exposure. Right, You're not relying
Speaker 3: on just one individual company, but especially like in the
Speaker 3: in the index in the ETF, with index funds as well,
Speaker 3: they can change allocation over the.
Speaker 4: Course of time. They don't have to worry about it.
Speaker 3: Exactly, it's being done for you. So and and ETF
Speaker 3: like QQQ which is the technology ETF, and they have Microsoft,
Speaker 3: Apple will in all of these stocks as as these
Speaker 3: companies get weaker than the percentage that makes up the
Speaker 3: ETF will change over the course of time. Right, as
Speaker 3: a company like in Nvidia that gets stronger. Now you're
Speaker 3: seeing Video's position in these funds increase, right because now
Speaker 3: they it's like it's like a player, it's like a
Speaker 3: it's like an NBA team, right. Yeah, as as somebody
Speaker 3: becomes a better player, they're going to get more.
Speaker 4: Playing time head guard. Right.
Speaker 3: And then as somebody who was once a superstar, Klay
Speaker 3: Thompson shot out to Clay but as his his production
Speaker 3: starts to as his production starts to decrease, you're going
Speaker 3: to see him get less playing time. Right, that just
Speaker 3: makes sense if you want to win a championship. But
Speaker 3: imagine if all of your investment dollars were in Klay
Speaker 3: Thompson five years ago, you would have been you know,
Speaker 3: on top of but now not so much. So that's
Speaker 3: just something that, like I said, if you're if you're
Speaker 3: thinking about investing, right, just take that into consideration that
Speaker 3: whenever you invest in individual companies, it's tremendously more riskier. Yeah,
Speaker 3: and you have to pay a lot more attention because
Speaker 3: things change quickly, and you don't want to, you know,
Speaker 3: stay with a loser or a company that is underperforming
Speaker 3: for a long period of time because that could hurt
Speaker 3: your portfolio.
Speaker 1: And is like.
Speaker 2: Exactly what we went over in the master class that
Speaker 2: Ian was part of, was that exact strategy where Ian
Speaker 2: talks about to tech two index and I said, I'm
Speaker 2: going to make a cousin version of it, right, like
Speaker 2: this will be the two texts to ETFs. Not a cousin,
Speaker 2: not a cousin, A family member, a brother.
Speaker 1: How about that? A brother? He said, the cousins is dead,
Speaker 1: A brother, a brother.
Speaker 2: Of the strategy, right, because again when and this happens,
Speaker 2: I'm sure ian to you all the time. You can
Speaker 2: tell people to tech two indexes and it'll ask you, well,
Speaker 2: wh's two texts? Yeah, right, And so to even simplify it,
Speaker 2: let's just make it two indexes and two ETFs and
Speaker 2: that becomes the legs of this table. Like this investment
Speaker 2: table that I kind of drew this analogy with, it's
Speaker 2: an investment table where those are the legs of it.
Speaker 2: And if you want to after you've had experienced invested
Speaker 2: in index funds and ETFs, if you want to get
Speaker 2: singular equities, then that's what you put on top of
Speaker 2: the table to make sure they're strong companies.
Speaker 1: And so yeah, you have QQQ, but if you.
Speaker 2: Individually want to have the upside of Nvidia, then you
Speaker 2: can have that on top of your table. But make
Speaker 2: sure that you have the legs so you'll have a
Speaker 2: base first, because that's important.
Speaker 1: Right.
Speaker 2: If the legs collapse, the tables falling, right, So make
Speaker 2: sure you have the base first, So that's important.
Speaker 1: Yeah.
Speaker 5: And for those who go actually anyway, vo O VTI
Speaker 5: are good ones U VGT if you want exposure to technology,
Speaker 5: but I think the overall theme in these first two
Speaker 5: stories we're talking about. I think we're seeing a decay
Speaker 5: monopolies like Apple of course had a long term stranglehold.
Speaker 5: My final expiration date for Apple is twenty thirty four,
Speaker 5: when I think things will start to unravel.
Speaker 1: They won't have the lead.
Speaker 5: Google has mismanaged a bunch of great projects, like they
Speaker 5: should have ever tried to do social media back in
Speaker 5: the day with the glasses deep mind, Like they remind
Speaker 5: me a lot of OKC.
Speaker 4: The team they have now, But.
Speaker 5: It's like you had hardening the red and bruston. You
Speaker 5: let them go for nothing, Like how do you let
Speaker 5: Ai come to prominence the way that they happened. This
Speaker 5: is one of your ideas from like eight years ago,
Speaker 5: Like ray Curlsweild was telling them about this in two
Speaker 5: thousand and five and they did nothing with it. So
Speaker 5: going back to the point is safe for the investor
Speaker 5: indexes ETFs. But I think we're seeing this is what
Speaker 5: happens when money is cheap. Capital is cheap, it's easy
Speaker 5: to hire, and then the market conditions change. And the
Speaker 5: crazy part, they haven't even raised rate yet. If they
Speaker 5: raised rates, we're really going to see things get tough.
Speaker 2: And it goes back to the topic I think you
Speaker 2: guys were talking about on Blackout. What would that company
Speaker 2: be if they didn't invest in YouTube in two thousand
Speaker 2: and seven and if Zuckerberg didn't grab Instagram, two of
Speaker 2: the greatest acquisitions.
Speaker 5: And for everyone who kept saying they shouldn't have sold
Speaker 5: YouTube to Google, they sold right before the biggest crash
Speaker 5: of modern times happened. They're smart. Let me give you
Speaker 5: a clue. When people exit and you don't hear from
Speaker 5: them again, leisure has been heard. I haven't seen Time
Speaker 5: from my space three times since he is elated.
Speaker 1: Enjoy You got to exit at the right time.
Speaker 4: Yes, Sirsky, exit at the right time.
Speaker 3: Ladies have to know when the leader party. You gotta
Speaker 3: know when the lead party. You see that meme of
Speaker 3: Kevin Hart with.
Speaker 1: And yeah, yeah, that was crazy.
Speaker 4: I did.
Speaker 1: Yeah. I asked Andy, what are you doing in that situation?
Speaker 1: It's by the drink.
Speaker 2: First, when the introvert is ready to leave the bar.
Speaker 4: Mandy b said you was you was cat. She said
Speaker 4: you was a cat ship.
Speaker 1: Put it put in the comments.
Speaker 2: If I bought you a flight the first quarter, No,
Speaker 2: not for the first In the second quarter, second quarter
Speaker 2: were still running though.
Speaker 5: Right put it in chats. I got five grand for somebody.
Speaker 5: If you got some pictures with me?
Speaker 4: What's up?
Speaker 5: Make sure the receipts standing on badness, you know somebody?
Speaker 4: Oh man, did you just listen if Google and Meta.
Speaker 1: Cutting back should by a flight?
Speaker 5: Oh no, we all got come back. We all got
Speaker 5: cut back. Nope, Zuckerberg got that Meta AI going crazy
Speaker 5: for a reason.
Speaker 1: I mean, I'm going to be conservative.
Speaker 2: People are losing jobs, so that that mean that's the
Speaker 2: unfortunate part. But they are saying that the people who
Speaker 2: they let go can reapply for different positions within the company.
Speaker 6: So we'll see an illegal alien from Guatemala charged with
Speaker 6: raping a child in Massachusetts, an MS thirteen gang member
Speaker 6: from Al Salvador accused of murdering a Texas man of
Speaker 6: Venezuelan charged with filming and selling child pornography in Michigan.
Speaker 6: These are just some of the heinous migrant criminals caught
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Speaker 6: attempted illegal border crossings are at the lowest levels ever recorded,
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Speaker 6: fine nearly one thousand dollars a day, imprisoned, and deported,
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Speaker 6: CBP home app and leave now, you could be allowed
Speaker 6: to return legally. Do what's right. Leave now. Under President
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