The increase in quality of life that AI can deliver is extraordinary. We're all scared that a bad guy could grab it. Artificial Intelligence or at least talk of artificial intelligence is everywhere. There is talk that over the next decade, 300 million jobs will be impacted by AI.

However, Global GDP might actually be up seven percent over the next a decade because of artificial intelligence, which sounds like a small number. But considering that a lot of countries contribute to GDP without being very technologically advanced, could mean that GDP growth in modern societies might even be a lot larger. Maybe we could see GDP growth in America 10 20 30 percent higher because of artificial intelligence. But the question is, what about workers? After all? Some reports suggest that 50 percent of workers will see 50 of their work replaced by AI.

In other words, 50 of all workers might only need to work 20 hours a week instead of 40 hours a week. And then the question is, will businesses just hire one person to make them work 40 and fire the other person? Or do we work less? What does the future hold? Even those who won't be replaced by AI Reports are that over 60 percent of workers will see at least 10 percent of their work replaced by AI, giving them that much more time to focus on creativity and productivity. In fact, a report was just out on work from home and how work from home could potentially reduce workplace Innovation and patent filings since a good amount of innovation comes from the chance conversations we have with those around us. So then the question is, well, if people potentially are more productive, would they have more time to spend otherwise thinking up and do innovative solutions, Or would we just work from home? And some say that today's relatively early versions of artificial intelligence are a joke that there's really nothing to see here.

In fact, you have people like Snoop Dogg thoroughly confused as to whether or not he needs to purchase an AI security guard is his implication, but let's hear AI defined by Snoop Dogg In his own words, man, this thing can hold a real conversation like for real, for real. like it's it's blowing my mind because I watch movies on this as a kid. years ago when I used to see this and I'm like what is going on and I heard the dude that the old dude that created AI someone this is not safe because the AIS got their own minds and these gonna start doing their own and I'm like is we in a movie right now or what? Oh man, so do I need to invest in the AI so I can have one with me up? Like do y'all know what? the so what is the latest in Ai And what does it really mean for us as individuals? The businesses we work for, or the businesses we run? What's going on with Google and C3ai and what should someone consider before investing in either of those stocks? And what does this mean for a practical set of advice for you yourself as somebody watching a YouTube video to try to get ahead? Well, we're going to talk about all of that. Uh, first.

we'll start with a little bit of news though, because I'll tell you this is an interesting one, although somewhat creepy. Here is an example of a company called Mindviz. It's a Singapore-based company that tries to generate images based on your brain waves. It claims that things that are probably a distant memory for you can essentially be generated on screen by prompting you with some ideas or potentially images prompting your memory.

And then computers will be able to see what you your brain sees, which is bizarre and leading to a lot of people wondering where is all this data coming from because this is scary and a lot of people say it's what you've opted into in the last 20 years. Every time you said okay to a privacy policy. Wow. So as long as I have seen it and you know the patterns of my brain, then the AI will read that out of my brain.

Yeah, yes, yes, yes. exactly. Some say their life and death situations and what if it falls into the wrong hands? Life and death decisions are being made by automated decision making systems and they're determining people's access to government support for housing. food.

Medical Care Let's say the bad guys get ahead of the good guys. Then something like cyber attacks you know could be driven by an AI And while all these debates circulate, especially what the European Union is going to do with the Euai ACT there are some practical things happening and some of these practical things are, well, things that we really got to consider if we're investors. because quite frankly, you've heard me say it before. I'll say it again.

We know Google takes about 69 of all of their revenue from Google search and placement onto websites. but if the advertising Network adds on websites is not as relevant anymore because you don't have to go to websites to get answers or use search as much, the question is, well, who's going to pay for search inside Bard or the artificial intelligence and then is that the best result? And so there are a lot of questions about oh, where is the profit going to go? but we already know that. But what we didn't know was until last week Google's I o event that Google's apparently really good at copying other AI services that exist and then branding them as their own. Oh, I said it.

Uh, I mean hey, look, this isn't to say that Google hasn't been studying and researching hard their own AI products. but I have to say Google's extend the image a feature that they showcased here showing a child whose parent took a photo of them with some of the balloons hanging off the end of the bench and kind of a gloomy background. being able to quickly adjust that image by pulling the child over and extending the image. this seems very awfully similar to Runway Ml's infinite image generator.

So does the Compose AI replacement that will let you just automatically reply to an email by just drafting composed for me. There's also the integration of what appears to be a replacement to or copy of mid Journey's image generation as well as slide Jack generation and other features that have been pretty amazing. A third-party Market tools so far that Google is now bringing in-house which is fantastic to some extent because it should make those features more reliable and accessible for all of us, which is great, but then the question and head scratcher still becomes okay. So how is Google going to profit off those? We know that Google provides services like Gmail but the free to use Gmail doesn't really generate revenue for Google and Google services alone represent less than 12 percent of Google's income.

Google cloud is growing as a portion of the company's a total income, but again, if you take out YouTube advertising Network advertising and search advertising, you're still down now over somewhere around 77 adding YouTube in there. So there's some concerns now. maybe YouTube videos will actually be even better and more relevant Because one thing that was very exciting was this announcement that there could be a globalization of YouTube videos where basically my mouth could just be dubbed over with what I'm saying in a different language be it Spanish or Italian or whatever and my mouth could actually artificially be adjusted to match the words I'm saying in a different language to still provide the same context but automatically translate it rather than manually translate it, essentially widening every YouTuber's reach. That's mostly a manual process now, but pretty incredible.

And I Have to say Bard pretty powerful compared to chat GPT especially with its ability to research much more recent data than Open Ai's Chat Gbt, Chatgpt4, and open II suggests they're gonna release browser plugins or should I shouldn't say browser plugins, rather chat plugins for their Pro members. Within the next week they've been saying this for a while, so fingers crossed those plugins come out. but for now Bard I Have to say very impressive. The question now becomes is Google something that we can invest in and I think that remains to be seen in terms of where's income I'm actually going to come from from artificial intelligence and this is where I think a lot of businesses are just figuring that out.

For example, The Wall Street Journal just reported that more than half of large financial institutions are currently using artificial intelligence to manage risk and compliance. Generative: AI Technologies can after all, analyze vast amounts of data and provide deep insights into Data they're fed almost instantaneously work that sometimes would take a compliance offer officer or risk officer hours to do chat. GPT could answer for you quickly or Bard or other artificial intelligence generative AI Technologies Now, this is really incredible, even to the tune of running AI that can analyze the way that I'm talking to you to ensure that I'm sounding empathetic or relatable, rather than scripted or robotic or somehow condescending. This is all really interesting and kind of creepy because well, AI is going to be judging us quite a bit going into the future.

In fact, some are saying if you want to get a job, you're going to have to learn how to pass an artificial intelligence interviewer. So you're going to have to beat the bot interview in order to get to a human interview, reducing a lot of sort of that lower entry level first layer style of work, the more mundane, which supposedly should give us more time to focus on what we really need to focus on, that sort of creative inspiration and putting pieces of a puzzle together. This is where the Wall Street Journal finds that business students who use AI when they're allowed to, are actually more engaged in their studies and more satisfied with their education and outcomes than those business students who are banned from using AI. So to me, it seems like AI is going to be this really, really amazing co-pilot for individuals and this is actually what I am releasing on June 1st in my program on how to make more money and get sh9t done faster which is all about making more money, increasing your income, but also utilizing AI with it.

It's all about how do we actually apply these AI Concepts to make more money? That's really important. For example, a Coca-Cola just released an advertisement showing the integration of AI, the AI software, Stable Diffusion, and their generation of images. Specifically, these sort of more blurry, wobbly images here that you see when you kind of see this, these sort of almost still images that look like they've kind of been turned into a wobbly GIF or GIF. However, you say it, these are created by stable Diffusion, which is AI which is neat, but much of this footage was still generated through traditional filming and 3D animation, which is basically how things used to be.

So yeah, maybe a percentage here is allocated to AI, but it's certainly not the whole thing. As much as it might be fun to say, look at Coca-Cola's AI ad much like Drake's AI generated music, which wasn't at all fully generated by AI. It's because a part was generated by AI doesn't mean we're gonna be out of work anytime soon. In fact, I think now it's a incumbent quite frankly, upon all of us to figure out exactly how to incorporate AI into our productive lives, our businesses, and to support the companies we either work for or operate to make sure we're being as productive as possible so we don't get left behind and see, getting left behind is actually something that makes me question.

C3 AI Yeah now. I Want to be very clear here: I I'm not somebody who's just trying to bag on stocks I Am a big fan of researching and understanding companies, but sometimes you just get more questions than answers. And let's just put it this way, C3ai is a company that holds the ticker symbol AI So obviously they've got a, you know, a much better ticker than Meta. especially since the Metaverse is now passe and AI is in C3ai.

The stock was up like 25 today over this enthusiasm of this. This is a pre-release of their May 31st earnings. They just released this today on May 15th and they're pre-releasing information from 16 days from now and they're doing that in my opinion to capitalize on a lot of the hype that is circulating artificial intelligence right now. and that's that's reasonable.

But what did they actually provide us? Well, They told us that their guidance was about two percent lower than actual Revenue so actual revenues came in or expected to come in two percent higher for the three months ending April 30th. And they talk about how the overall business environment for Enterprise AI is more active than we have seen since the company's Inception and seems to be accelerating. And they're talking about this increase in New Deals that they close. I Do have a severe concern though with C3ai and that is how much of this company is basically supported by One Customer: Baker Hughes I Hate to say it, but when you actually look at their last quarterly report where which ended January 31st, they reported 35.7 million dollars of revenue from one contract.

Just one 35.7 million dollars divided by 66.669 is 53 and a half percent of C3ai's Revenue came directly from Baker Hughes which is just one company. In fact, here are the details of their contract and you could see they have a contract that brings them all the way out to 2025 and they have minimum annual commitments of revenue from this one company. The question is, we don't know what rights Baker Hughes might have to cancel this agreement and so personally, I'm not suggesting that Baker Hughes is going to, but this company is really heavily exposed to just Baker Hughes more than half their revenue coming from Just One Customer and my concern is the following: All of this: AI hype started at the end of February and really exploded in March and April. That's all well within your last quarter.

And if AI really exploded in this last quarter, why did your revenues only beat guidance by two percent and you have severe concentration in your existing Revenue Now don't get me wrong, a company's balance sheet is strong. Very strong. In fact, if you look at the company's balance sheet, first of all, in free cash flow, they generated free cash flow. At least they're guiding for free cash flow.

At this next report that they're releasing, They've got about 800 mil in cash. They've got about 60 million dollars in bills, 24 million dollars in long-term liabilities. None of this really a big deal. They've got plenty of cash to survive.

They talk about being Gap non-gaap profitable, which is just a fancy way of saying hey, if you uh, add back in all the money we're spending on stock based compensation, we make money. Okay, fine. but one of the things that I really think is at play here with C3ai is the market is looking for opportunities to invest in artificial intelligence. We know that that's why Microsoft Ran.

That's why Google started to Rally again a little bit. That's why Nvidia took off AMD chip companies. Everything is rallying on this hopium of artificial intelligence. The concern that I have is we're not sure how many of these applications are going to be replaced by super low-cost artificial intelligence and that makes this a very difficult place to invest in.

And I'm not suggesting don't invest in AI Don't get me wrong, I have a lot of exposure to AI stocks and I'll tell you which ones, but let's be clear, we don't know yet which software services or SAS companies are really going to benefit from Enterprise AI or AI in general. Again, consider that when chat GPT comes out which it did and you could use it for 20 bucks a month. Why the he double hockey stick? Would a company spend tens of millions of dollars for quote-unquote Enterprise AI with uh, C3ai. let's say when for example, if you go into their C3ai applications, a lot of these applications are now provided provided substantially less expensively by other companies.

whether it's a no code AI or it's Crms like Salesforce has with this now GPT included Einstein bot where you actually at a low cost can create your own artificial intelligence bot using GPT all of the infrastructure and R D that went into a company like C3ai I think is that actually in question because of the low-cost models we have now like Bard or C3 or umt. Look at this for example. see this is one of the big benefits that C3a talks about is hey, we have a platform that's no code AI you can use and they show this person sort of stringing together different AI Well if we just go to Stack hyphen Ai.com you can actually see build and deploy AI applications in minutes. And when you hop on over to their descriptive video here where they show what their product essentially looks like, what you'll find is once you get past the prompting.

They basically have the same son off here as C3 AI Now I'm not a computer guy or computer expert I'm just saying if your mode is creating no code Ai and there are now dozens of other no code AI websites, then your moat could potentially be at risk. so that does. It also concern me again with C3ai. Quite frankly, any software company I'm pretty concerned with when it comes to artificial intelligence because we just don't know who's really going to generate the revenue in the face of Google essentially giving you Bard for free all of the other Uh extensions that were separate third party tensions we talked about earlier whether they're image Generations or PDF Generations Like slideshow presentations or email composure.

All those things just get integrated for free. Where's the money going to come from? It's quite concerning for me, so then I get concerned when a company like Berkeley comes out and suggests, hey, we just trained Koala. Koala is a dialogue model for academic research and we basically trained a model similar to chat GPT and we were able to do so in April 2023 for 100 dollars. And when we then surveyed people if they liked Koala better or they liked chat GPT better, 50 percent of people didn't notice a difference and they say the other 50 percent preferred Koala.

Now, maybe they're biased, but then again, when we say here on public cloud computing platforms, such training typically costs less than 100 dollars with preemptable instances. That's scary because it really puts a lot of software at risk. It's no surprise that Google reported they well, Google didn't report there was a leaked document that Google believes internally they might have no moat. Now the authenticity of that is stolen question.

But a lot of media are now picking up on that piece. We first talked about it a few weeks ago. that's why you want to subscribe to pay attention to the latest news here. But one of the things that we could say with certainty is even if it only costs 100 to train the AI model, you know what keeps coming up: the chip makers? Nvidia the Amds, Then you got the chip, Fabricators the Intel the Tsmc, then you got the equipment manufacturers for the chips.

the Asmls. These are potentially places we want to pay attention to because we know with certainty whatever software ends up getting used, it's all coming back to somebody's Cloud whether it's Google, Microsoft or Amazon's cloud or whatever and then it's ultimately coming down to those chips. So I'd personally rather invest in a basket of chips and all these software companies, so we just don't know how many of these are actually going to make it and how many of them are going to get replaced. especially since software multiples are some of the most expensive.

You look at a company like C3ai, you're selling for a multiple of nine and a half to ten times revenues. But those revenues I think are highly in question Now following what happened with well, the release of Bard and Chad GPT and quite frankly, so many different artificial intelligence programs that potentially make spending tens of millions of dollars on well custom. Enterprise AI I'll rip off now the Washington Post Just reported that Facebook has an AI sandbox. Now they're calling some versions of this the metal lattice Analysts are calling this a modest release.

Others say this was a ship because they had to ship some kind of AI ad tool to help generate different titles and metadata for ads or whatever that's expected at this point. we also have some pretty cool Hopium like for example, Berkeley cites that they can take your genetic information, biological and information your characteristics, your allergies and they would be able to predict how you would be likely to respond in specific therapies or treatments. whether those are cancer treatments or other treatments. they can actually with a 90 accuracy, predict how well you will do through taking a certain drug or therapeutic or chemo or otherwise.

That's pretty remarkable since if you're sick and you need treatment, the last thing you want to do is be the experiment yourself. If we could use AI to tell us where we personally are most likely to succeed. Game Changer Now do we have a list of companies that are going to do that in the health field? Well, you can pretty much bet they all will do. We know which one's going to make the biggest dollars? Of course not.

but what do we know? it's always going to come down to those darn chips. So beyond my feelings that are somewhat negative on software, and this isn't short short term negative. Okay, it's entirely possible C3ai could 5x from here. and I'm not saying they're not going to do well, just saying that I think companies like Google and software companies like C3 I potentially have a bleed ahead of them that could take years.

And it's possible that if the S P 500 returns five six seven percent over the next five years on average, maybe these companies will outperform. But I think there's a chance they might underperform because I think there's a limited moat now with how open source artificial intelligence is and that is going to substantially lead to a race to the bottom in class. So practically what can we do I mean is AI just going to bog all your employees and make you basically fire everyone? Well, no. see.

I actually agree with the Wall Street Journal when they suggest the best thing that AI can do is help all of your staff, you as an employee, or an entrepreneur or whatever, become the most productive version of yourself. So that way you can actually, rather than being somebody who works on entry level stuff all the time, you can, advance to working on Mid to Upper tier stuff where humans are still going to be extremely useful and critical for a very long period of time in the future. I Believe People who master that will be the people who make the greatest income either themselves or for an employer or get the best promotion or keep their job rather than getting laid off compared to anyone else. and they're always going to be crazy rules and laws.

I Mean, look at what's going on. the European Union's got some weird EU AI Risk Act Rules potentially creating limitations or fines for unregistered high-risk art official intelligence fines of up to 20 million dollars. You've got this argument that the EU AI High Risk Act potentially could limit FSD full self-driving for vehicles unless those vehicle models use high quality data. Which is actually really interesting because if you think about it, a lot of FSD companies who are trying to come up with low self-driving are training their data sets on data based on models.

So in other words, they're training AI based on AI models. But what if the EU comes out and says we want you to train AI based on real world models that would be good for Tesla Given that they've got millions of vehicles out there using well, basically collecting real world data into Tesla's artificial intelligence learning models, that's very important. Could be a little bit of a Tesla bonus here, But I mean consider the world 54 of Italians aged 64 or 16 rather to 74 lack basic digital skills? That's scary. The EU average for digital skills or people who lack digital skills is like over 40 and now they're investing millions of dollars to try to catch people up.

It's just a lot of people behind in the world and this is why. The most important practical piece of advice that I could give you is to make sure you understand how to actually apply artificial intelligence. Understanding that there are databases with 1500 different AI tools you can use looking at some tweets or videos on. Oh, look at that tool.

Look At that tool. That's cool. That's cool. That's cool.

That's cool. Oh look what Coke did? Oh look what Snoop Dogg said. That's useful for making sure you stay focused on artificial intelligence. But you should be asking yourself, how am I applying AI in my life every single day to be the most productive person that I possibly can be.

And if you do that then potentially you could end up making a whole lot more money. And this is why exactly why On June 1st we are releasing a complete segment in this course. How to make more money and get sh 90 done faster. Link down below and it's solely applications.

Here is how to apply AI in your life to be more productive and more successful. Period. That is the most important thing. How can you actually apply it? And the cool thing is, we know all of this information is going to evolve in time and so we're going to keep it updated because we're going to keep going to.

We're going to basically flip flop every time there's something new that's better, We're going to flip to the next best application or way we apply a certain Solution That's all what we're going to do in that program. So check that out. link down below. but otherwise ask yourself, how are you applying AI in your life Leave a comment down below with how you are applying AI in your life or how are you not? Maybe you're like dude Kevin this AI thing is how fat.

It's worse than the Metaverse and it's not going to go anywhere. Tell me that down below or you're like Hey Kevin Yeah, you know I found Ai's actually been pretty useful I use it for XYZ You know I'm a therapist and I inject my clients Uh, you know transcriptions in there when we talk over, you know, a doctor meeting or whatever and it gives me potential diagnoses. Who knows? There are endless applications that AI can help us with with and I really want to hear from you so let me know what you think via the link down below and folks, we'll see you in the next one. Thanks so much for watching! Please subscribe, Share the video if you found it useful and see you soon! Goodbye Now! I Want you to know this when it comes to AI time is what's going to make you money, and if you can prove that value to an employer, you'll always be able to be employed.

So this is another way of making sure that you don't get replaced. Please.