The AI Revolution Call

Hello and welcome to the AI Revolution. Call. I'm Cody Willard. That's Craig Delon. John D. Oliveira. No Bryce today. If you want a refund, come to the front of the line, give you your money back. I think this is the first AI call we've done without Bryson ever. And it's. We've been doing these for like two years or something.

John, sometimes we did it without you. And we did have Bryce, but not the other way around.

No, there's. I travel more than Bryce and so there are times when I'm gone and Bryce will be like, hey, should see if I. And I always tell him, if John's around, do the call. Because, you know, John and even Bryce asked me last week, he said, hey, should we do the AI call again? And I'm like, yes, every Monday if John's around, we should, because I get a lot out of it. I think it's important for me to talk, keep talking to you about this stuff on a regular basis because, number one, it keeps me on my toes. But more importantly, number two, you know, like, you truly live and breathe and work AI and you have insights from decades of experience that we're not going to get from anyone else.

Yeah, they're different insights. I don't know if they're better, but like, reach from our own perspective. So you piece them together and you get a kind of a picture of things. You know, the. The whole view of the elephant and on.

And John, on that note, you know, I challenged my team last week to do to. To think deep thoughts about AI and to come up with at least five concepts, ideas, trends, something that we could debate, discuss and learn from.

I want. And. And I. You can go first if you've got something on your mind. But I'm curious, like, what. If you would here in a moment, answer after Craig and I should give you a sampling of what we've thought of even just the lowest hanging fruit for you.

Like, is COMPUTE a constraint? And I know the answer is yes, but let's think about it for a moment. I want to. I've got several questions for you, including like talking about compute as a constraint and near low hanging fruit, but also like five years from now, what you hope AI can enable you to do personally in your job. Craig, what's your deepest thought you want to hit on?

So, yeah, we. We talked about this a little bit, but I just want to. I wanted to do something that was really practical for most people because buying a car sucks. Everybody hates. I mean, most people I know don't like having to deal with the process. And one thing I was thinking about is, like, when you have wearables, like, some type of, like, you know, meta glasses or something in the future, but you have your AI companion with you. So, like, a lot of people always want to, you know, bring your dad to the dealership or something, but a lot of people don't have that option. So I was thinking, like, what if you had your AI companion that could help you every step of the way? I think, Cody, you said this. You get on the. On the lot, it scans for every single car. Just telling you which ones to avoid, which ones to get.

Yeah, Literally. Let's walk them through it a little bit. You know, the new meta glasses with the display. By the way, mine will be here Wednesday, according to FedEx and Best Buy. I'll use them and talk and show you them next week on the AI call. But, yeah, if you have those, not this version, but the next version, two years from now or less, you'll be able to walk around with those meta glasses on, and there'll be a display in front of your right eye that you can look up at. And as you. You'll tell it, like, hey, I'm going to look at cars, used cars on this lot. Find me the best value and find me the. The best car at the. And then help. And then, you know, like, you. That's your first step. And then you're like, all right, yeah, here's a VIN number. Read at the VIN number. Find out if that thing's been in any wrecks. What's a fair price offer I should make? Hey, these guys want to do this warranty. Like, literally, you're like, I'm looking at the contracts. Make sure there's nothing silly on this. Yeah, Every step, it's better than dad.

Yeah. You have a lawyer with you.

It reminds me of something. I'm doing this with properties right now. We're looking at different properties, but I. I think of it in terms of, like, coming up with a score based on some set of five or 10 important criteria. It's over here. It's like this. It has one of these. It doesn't have one of those. Whatever. And then if I could see in my vision whether it's a car or a property, you know, that. That I. I glance up and it goes, this is. This is. This one's an 8.3. You know, and if I want to drill down on it, I can. Or if it's going to list.

It.

Could be an 8.3 based on your criteria. Here's what I'm looking your prompt. You know like prompting is truly going to like if, if I like if my daughter were 18 instead of 11, I'd be like, hey, go to prompt college. Because I think that's like a skill set that will be the most important skill set for human, human workers and human consumers over the next 10 years.

I have a thing to say about that which is yes, and that's, let's say that's 50% of it and the other 50% is context. Context management. So whenever you say hey AI, I want you to do this or tell me that whatever, the more you can give it information about your situation, your priorities, your everything to set it up, then that's sort of like the background, the background information, background knowledge that will help it to do well. Then that is not the prompt. But it's just as important or more important than the prompt is being able to supply the context. So if you have these glasses and stuff and, and you're off doing whatever and if it gets good at collecting where you go and what you do and stuff like that, it'll be helping to build the context so it has it available to it.

Incredible. Incredible. Just think about that. And it's coming. That's a relatively low hanging fruit for our augmented reality glasses from Meta 2 to 3, maybe five years from now. I mean, you know, like it's even within five years. It's a blink of an eye in the history of civilization.

I, I'll throw one out. Let me see my notes here. I have a couple.

You know, just.

Near term. I'm always like thinking about just how much I still have to deal with my keyboard and my computer and searching. Like I've never.

I never take notes. I have like 50 notes in my iPhone, maybe 30. And that's over, you know, almost 20 years of having an iPhone with keeping my notes in the cloud and or at least 15 years in the cloud. And I like, I use even like right now on this thing that I just went and looked on my other screen. It's a tab, it's my Gmail, it's a draft email. Like I have thousands of draft emails that are my notes over time. I can't like, I don't know what's in any of that. It would just, that's such a low hanging fruit for me, for me to just say hey Mac, Hey Siri. Inside my Mac, go through all of my drafts, find anything related to music. I want to look at those findings Find anything related to basketball. I want to look at that. Find anything related to Tesla. I have some deep thoughts. I had a Tesla 12 years ago.

Or I don't want to look at any of it because it's a big mess. You go ahead.

I guess that's what I'm getting at. And then beyond that it's like can you give me context? Just pull out what you know I want.

Yeah, but again, don't pull it out. Show it to me. Just read it yourself so I can talk to you about what it has, you know. Yeah.

So and so, John, it is confusing to me that we've been able to talk to Chat, GPT and Gemini for two years, converse using multimodal voice and listening interaction and my Siri and my Mac are still nowhere near being able to do what we're talking about. Why is that?

Apple is playing catch up and I think their deal with Google they're going to start to get real. I don't haven't looked into Clara, but that's the new thing is from Apple it's called Clara instead of Siri. Oh no. You know what I looked into a little bit. It's not. It's for a particular thing. It's this ability to take documents and reduce them down to some very tiny little token of something and it's got the whole. The whole thing. But no, about the input stuff you're talking about. It made me think of. I thought even meta had talked about this. There's a no. And it comes from Sci Fi enders game. Back in the day I read Orson.

Scott card you gave me the book actually I don't know if you remember that, but yes.

So it.

It.

They talk about this notion of sub vocalization and what it means is that you don't even have to say a thing out loud. If you sort of mumble it under your breath. It's an. It causes the right vibrations for like if you were wearing those glasses and it's picking up on the sort of the signal you could be talking to it without talking out loud. You go like something like this. You go.

That's it. You know, I just said, you know, I wonder what Cody's thing is about music or whatever. I just like. I say it in without opening my mouth and that's something that they're going to be able to pick up on.

Right. I guess that's a like neuralink takes that to a whole. Yeah.

I mean you don't have to get your brain drilled into to use that kind of thing.

Yeah, I mean John, in. In that sense it's like with. I'm gonna write this down within. I'm gonna type that on my draft email within 5 years, 10 years. It's possible that like people getting who heretofore have had special needs to the point where they couldn't communicate could actually be more productive in generating thoughts for content than a human with fingers and voice.

Yeah, I mean let's get to as productive first and then. And then potentially more productive. But even to the, you know, even just more productive than they currently are would be amazing. You know, would be a great. Would be a great thing be people who are cut off from being able to communicate for various reasons. You know, and then they get, they get this new way to, you know, to. Yeah, that would change a lot, wouldn't it?

You know, it just. I keep coming back to the. I've been saying for this call and writing and everywhere for years, three, four years now that I just think I'm so not worried about unemployment because I just think there's always more work to be done. There's always more time to fill. There's more content to create, more art to generate, more.

Research to read, to think, to consume. I mean, I guess if I had more time where I literally never had to search my email for and spend time siphoning through it and I had AI doing that, just there's a case alone that's probably dozens or scores of hours a year for me going forward.

I.

So you'd be the optimist. I'm. I'm the. I would say pessimist, but a little critical of the fact that the timing of things, you know, is it going to. Oh, you see that? Yeah, we're getting a lot of activity out there. Yes, the like are.

Yes, there'll be a lot of things to do. But is it a jagged.

Kind of transition getting from from here to there where people are losing jobs and they're not on the same day finding jobs or you know, there's shift in what kind of work it is and you know, we got to get from what. And that may be an area AI could do a lot of help, help us out a lot is to help us with that transition to that point.

I saw a YouTube video recently.

It's.

It was very pessimistic, but I thought it was very interesting. It was an ex Google insider, whatever that means. But he was a very smart guy and he used to work for Google and, and.

He was saying that all of the AI agents coming in Would almost be like an influx of immigration that you didn't plan for and people just doing jobs that you weren't planning on them to do. Now I thought that was an interesting way to look at it. I do feel I'm kind of on the side of John here. I do think we're going to be in a transition period when.

Let me be clear. I'm not saying there isn't going to be some rough periods that I, I'm not going to be all ice cream and rainbows. But it over 5, 10, 15 years smoothed out the growth in the economy and this prosperity and the services and the applications and the content and everything that you want to do on your computers, in your life, in the physical world, with robots and everything else. I, I just, I think we're insane to waste time worrying about. Okay. So yeah, for a while, employee unemployment might bump up to 6 or 7%. Well, that happens in a recession every 10 years. In the 80s. Yeah, well in the 19th century, in.

The 20th century, you know, a recession is, is when your neighbor loses their job and depression is when you lose your job. So it's like down to the individual.

Old Wall street jokes now.

Yeah, I mean it's, it's, it's though, it's, it's really, it's perspective. It's like who's the one who lost the job?

And that's what I'm saying. I'm not saying that everybody's like, but, but you're talking about a few million people going through some hardships in an economy that's changing and creating hundreds of trillions of dollars of prosperity for the society. And that is just. It happens. It's not, it doesn't happen in a vacuum. There will be ups and downs, there will be unemployment cycles.

Well, the argument is that, the argument is that the prosperity is going to, you know, the, the top, the people involved in the hyperscalers and so forth. It's not like prosperity that's widely distributed. I don't know.

I think having access to making any software app you want in your brain, whether you are the poorest kid with a smartphone or the richest person on the planet with the smartphone. The access to the same technology that you could getting children in rural America. Teeth cleaning from robots is a prosperity enhancer, not a negative thing. Are teeth cleaners going to be in demand 20 teeth cleaning human beings going to be a good job 10 or 20 years from now? Definitely not. But there will be billions of people getting their teeth cleaned from robots at that point. That's a better situation for the poorest people. And yes, there will be money made in that, just like there always is. Like, that's what happens. That's economies and it's prosperity enhancing, not destructive.

Pete, When I try, when I talk about like wider distribution of the effect of things and that's what you're talking about, like with the teeth thing, it seems that it's when you get past like at first you've got the, these, you know, the hyperscalers and, and whatever goes on with them and they have a certain effect in this small set of people that are impacted, maybe the ones who are making new apps and things like that. But then you get a level down and when there is this app economy in relation to AI, that's very wide and anybody who comes in touch with any of those apps is affected by what goes on.

So.

Yeah, and I just, I guess that's the whole point is that it's the magic of an economy. The magic of the US Economy specifically and the global economy, little less, but more broadly, is.

Infinite. It's every time you have. I was just out at a tree, Christmas tree lighting here in this town of 800 people that I live in in rural New Mexico the other night, and I just got to thinking it was like even that it's like an economic miracle right there. There's 150 people from a town of 800 people who are like buying hot chocolate. Someone made hot chocolate and took home some profits and other people made some green chili stew. And there was a charity that had, you know, food bank that I participate in here. We donated presents and food, food and like, it's an economic miracle on a very micro level. But when you ex. The whole point of an economy is doing services and products and entertainment and health care for other human beings, individuals. It's always down to a human level on an individual basis. And if you can create. Going back to the Metcalf law that we talked about last week, where the square, the value of a network is equal to the.

Number of connections on it. And like, what is the equation, John? We pulled it up last week. Whatever. The point being it's almost infinite when you get to 8 billion connections like we have on this planet right now, and lots of people are still very poor and cannot really interact with that economy on an effective basis. But the more services and applications that are cheap for them to access, it rises. You know, we can talk. We did mention last week that like someone middle class today lives more with more benefits and Luxuries than Louis the 8th or Henry VIII or whatever.

Right.

I came from just 300 years ago. It's insane.

Yeah.

That we can have that happen. And I'm just asking you as this kind of economist as kind of one of your hats my degree after all. But it, you know, to more so than. Than me for sure is there is still a.

Kind of cost of living or something that is gone up risk relative to people's incomes. So the typical person today, you know, in their 20s who has an early job in their career and the things that they're now, sure they have an iPhone and you know, we didn't have that when we were that age kind of thing. But other than that notion of no, there's still hunger.

Right. I mean even like lower middle class people in. Not middle class. I hate using that term. Lower middle income people in this country are struggling. Poor people in this country are destitute. There is starvation, there's. There are hungry kids everywhere in this town, in your town. Every someone you know is hungry tonight. Some child you know, you know their parents is hungry tonight. And it sucks. And I like in my mind the. It's like clearly.

There are. In the US alone there's $36 trillion of GDP every year. That's gener. That's moving money around and it's gone up from 10 trillion just 20 years ago. And it increases exponentially all the time. But somehow we still have hunger and we can talk about hey, maybe the government should come in and do that. Well, the government's been trying to come in and help and it still doesn't fix it. And in fact it might be the problem. The churches, charities, these are probably the only effective ways to truly get food and services to the poor beyond an economic miracle continuing to grow and bringing up everybody at least a little bit again, even the poorest kids probably have toothbrushes. And 200 years ago the richest people probably didn't have toothbrushes.

You know the, the book by. Was it Hans Rosling where he. It's got all the graphs in it.

Yeah, yeah, yeah. In fact I gave it to Bryce. I don't know.

Yeah, it's like you can see on it like the, you know, you'll see the dots or splats, you know, along a line and it's like over time all of those dots have moved up. Say the dots are countries. So in the poorest country is way better off than it was 50 years ago, 80 years ago. So even as we say there are people who are Poor. And there certainly are. There's less poverty than there was as.

A percentage, but unfortunately there's more people on the planet. So outright the number of people who suffer from poverty and hunger is a larger number today than it was 50 years ago, even though it's a smaller percentage and even though the people who are suffering that do have some amenities that is better than the richest guy had 200 years ago. But it doesn't, it's not to diminish the hardships and the suffering. Like it still sucks. So I wanted to get to the point though. So somewhere in the last year we've got. Somewhere in the last two decades we've been generating $20 trillion annually.

Of extra. What than what we did 30 years ago and somehow we're still got the same problem. And John, it's corruption, it's wars, it's silly spending, it's. It's fraud, it's. I mean, the government literally has taken in a hundred trillion dollars in the last 20 years and somehow health care is still unaffordable. Why? Because the, the guy, you know, the health care industry lobbies the government because the government took over payments in that entire system. Even though it's not quite socialist and not quite like everybody has health care, but the government sets all the prices. Government gets lobbied by both sides of the. I mean, even in the. Here in New Mexico Presbyterian is both the hospital and the insurance company. I mean, what. How the. And the government's the customer. So how the hell do you think that works out? Making billions of dollars here, even though it's a not for profit.

I'll tell you how. One thing I've seen of how it happens, because the, the three areas that have got their costs have gone up faster than inflation significantly are education. What's that?

Education, Health care and housing.

And where Education, healthcare.

What industries. What industries is the government most active?

Yeah, right. So the more that these things get.

Subsidies or money being paid in through the government, whatever. It's like whatever place was supplying it is like, oh, good, thank you. I'll take all that money and I will keep increasing the cost because you said you're going to pay whatever it is.

So that's, that's college in a nutshell. I mean, it's all of them. But it's so bad with college, man. Like why you're incentive just you're incentivized to increase your.

Yeah.

Your tuition costs every year just because money is going to come.

And I think education's the worst also.

I don't Know if it's the worst because healthcare, you know, example, like with Ameris, if we ever need to check her heart rate, we have this machine that the government helped support, you know, like set the prices of it, our insurance. And the government bought that. And probably there's some out of pocket, my money too, that's gone into that thing. It's probably $1,200. You literally can buy a $30 appendage that has Bluetooth in it and connect it to your smartphone. And the government doesn't give us that. It gives us the 1200 dollar one that's been through the system. Check marked bureaucratized, corrupted. Yes, twelve hundred dollars taxpayers supported. Yeah John, I guess what I'm getting at I like I'm not a big L libertarian. I'm probably not even a small L libertarian. I'm a free thinking individual. We can talk on any topic and I'll try to understand it and have my own opinion about it. Never going to just default to some group. But the government clearly has not helped and it probably has hurt in all three of those examples. And so to answer your question, I think the reason there's still hunger is because the, like the, that $100 trillion of extra prosperity that would have gone through the economy and generated even more wealth and some of it would have been donated to churches and charities who truly are not getting government funds. And all the siphoning out that happens between the taxpayer and them, but it's truly a human being giving them money to give to human beings to help. That is a much more direct, correlated.

Way of system. And what we've got now clearly has not worked.

So two things about AI in relation to this. One is.

For AI to really make a difference in these areas, there needs to be some, either deregulation or some laissez faire, like let it do what it's going to do because if it gets caught in the same bureaucratic loop that these other things are, you know, we're in trouble. So that's the one thing. But the other good thing is that may happen anyway because this stuff is growing and changing so fast that the government cannot keep up.

Both points I agree with. Like, I, I think we know that the power, even the hyperscalers and the powers that be, they purposely lobby to, once they get to where they're trying to get, they want as many protections on that industry as possible because they can afford to deal with the bureaucracy of the government and the regulations and the regulators and all of that. Whereas like a startup Can't. So it helps them protect them from entrepreneurs who otherwise could compete against them. And we all know that that is regulatory capture is a human nature cycle that will happen in AI. But yes, John, the beauty of AI thus far has been that it's so much more advancing quickly than the bureau. The bureaucrats and regulators can even blink.

And so there are new categories of things faster than they can even just try to, you know, track and go, oh, we're going to regulate that. We're going to regulate what, because this new thing came out and it wasn't even on your list. Yeah, you know.

Yeah.

I mean, they'll not only regulate it, they'll subsidize it. They will create, you know, just ridiculous fees to get into it. Licensing, whatever. Craig, you're about to say something.

I was gonna say a senator's. Senator's term is six years, like in today's term. That is like a lifetime. Like, it. Like what changes?

Literally, we're sitting here. Yeah, right. Like, we're all. We're like, hey, five years from now, medical asses will allow you to walk around a part, a car dealer and get the best quotes. And meanwhile, that senator who probably 80 or been in there, walk around anyway.

They got the walker.

Yeah. I mean, they were probably elected in their 70s. I mean, you know, it's. It's crazy to think, you know, John.

Who was the governor? Blagojevich of.

Illinois.

Illinois. Yeah.

Yeah. He sold Obama's Senate seat when Obama became president and went to jail. Right. He was on Trump's Celebrity Apprentice at one point, and when they were promoting that, he came on my show on Fox, and I'm not joking. Like, I always. I've. I've never had respect for politicians. I'm just throwing it out there. It's been a. A default of mine as a kid that I thought politicians were slimy anyway. I didn't know how stupid and incompetent they could be, too. This was the former governor of a major state with the third largest economy city in the Chicago. Like, this is literally like real finance. This is a. It's not New Mexico, dude. Not Idaho, freaking Illinois. Anyway, he's on our show and we go to commercial break and he takes his phone and it goes beep, beep. He got a text and he's like this. What is that? And he hands it to his assistant and she's like, it's a text message, you know? Yeah. Whoa. Can you read it to me? Can you type it back? Hey, how do I open this can.

You print it out?

And so my point being, like, dude, seriously, you just have like, I don't know, like, AI's gotta help that, like, those guys are so incompetent and stupid. AI is just going faster than that.

That's.

That's all I can tell.

Things aren't gonna happen until some people die off. But New Mexico had the prize of a governor there for a while who was. Yeah, I think he's.

I assume you're going with Richardson, but there's. You could pick from more.

No, but he was so slimy. He tried to pick up my daughter when she was like 12 or something. We were at a, A sporting event. I think we were at that baseball game. Yeah, he was slimy.

He's a horrible, corrupt person. But I didn't. Again, like, just. You just can't ever believe how bad people. So, yeah, go vote for your Republican and Democrat. I'm sure they'll fix your health care.

But no, this is it, though. Back to full circle. The way to be able to fix it is go faster than they can even.

Well, and John, really what we're getting at, though, is the hope of all of this. The, like, the reason we do AI and robotics again, is for individual human beings to have more services and applications and content and entertainment and everything else. And so it is a beautiful, wonderful thing that AI and robots will enable more healthcare, more software, more applications, more.

Buildings, more highways, more like. It increases supply of all the things the world wants to consume, individuals in this world want to consume, and that's. And it lowers prices for all of it. So. Well.

To that point, I mean, you look at hospitals, you know, I used to work in that field for a while, and hospital margins are razor thin. And it's really hard to find people that really want to get into hospital administration and go the long haul because it's really difficult to manage those costs. If you could plummet those costs, you're talking about getting more people in those industries with bigger margins. They can, you know, have more act people, get more access to health care. It'll attract more bright minds to come into hospital administration, invest more. They're getting more money out of it, and you're not having to worry about as much as managing those costs.

Craig, what. Where was the hospital that you're picturing when you're saying this? I bet it's not in a major metropolitan area.

No, it's in a very rural area.

If major metropolitan hospital margins are not minor, they've lobbied to make sure they make billions but the rural hospitals are either subsidized by the government and. Or by their metropolitan subsidiaries.

Yeah, but I just. I don't know. It's the smaller little baby hospitals that I've seen.

But I think that, you know, like, you're underscoring the point like that. Is it like rural hospitals need better margins. Robots and AI will enable them to have better margins in the next five, 10, 15 years.

Right.

You know, you talk about how good robots will be for us and doing things for us. Everything I wanted to throw in just another perspective, which is my wife.

She's.

She's not. She's no Luddite, but she is.

Thinks carefully about, you know, you do the dishes, you clean your house. You're in. You're kind of grounded, you're in touch with your world. This thing comes along and you're like, oh, it's just going to do those things for you. Is that actually better? That's the question.

Yeah, 100%. I don't want to waste my time vacuuming.

A discussion like, why would I possibly. Like, I can stay grounded golfing and painting. I can do other things. Like, I know lots of really grounded billionaires. I know lots of really grounded celebrities. Bob Weir is an incredible guy. I bet he hasn't picked up a broom or folded a piece of clothes in 35 years. What the hell difference does that make, John?

Not sure you guys are going to survive Armageddon. That's. You know. So if you. If you're a bit of a prepper, you would say, like, up the power.

Really? I need to practice vacuuming anymore. I have vacuumed 8,000 hours in my lifetime. I was a veterinarian's kid. You know how many cages I've cleaned? I can clean, man. I can freaking clean. Dog poop, dog hair, human stuff, you name it, I can clean it. I'll be fine, John. I'm not gonna be able to generation. I'm not gonna be able to, like, trap a rabbit. That'll be a problem.

A lot of people can't do that anymore. That's.

But I can't clean. I don't need to practice anymore. Not worried about that skill diminishing, you know. You know, in six, seven weeks, just sort of wait.

No, don't say that. That's painful to hear, John.

Anyway, and I, like, I think I'll probably be worse. That skill will diminish. Vacuuming, not diminishing. I can pick up that vacuum ten years from now. I'll be just as proficient.

I could tell you as soon as these humanoid robots or any robot that is just meant to like just clean your home, do mundane tasks, everybody will finance one. It'll be just like an extra payment. They will make it happen and it, you know, 30, 40 grand. I don't know how much they're going to be eventually, maybe 20, 15, I don't know.

But a specialized house cleaning robot only not humanoid form factor, which it wouldn't need to be if that's its only like you'll have single use, not single use, but you'll have house cleaning, cleaning application robots.

Two grand, five grand, as many as there are roombas.

Yeah, like super rumba.

Everybody's gonna have. I mean just the idea of never having to do that crap again is, is life changing.

I think about old age. I don't know why I think about such a thing.

It's so far away.

But like you know, robot telling me, hey, you didn't take your medicine or whatever, you know.

Yeah, yeah. Again, very low hanging fruit for a robot to improve our lives by just making sure elderly people remember to take their pills and don't take them twice.

It'll just hide it in your peanut butter and jelly and you won't even know.

I'll figure that out.

Golden retrievers, they love the peanut butter every time, but they hate the pill.

My dogs will literally like go through a sausage and spit out the pill, bury it, a pill inside of a peanut butter sausage sandwich and somehow they're not swallowing that pill.

I'm sorry that happens to you. My dog is so good, he'll just, he knows, he even I think he realizes that it's a pill. He's like, that's good for me, huh? Okay, I'll take that.

That's impressive. That's good parenting.

Perhaps John, now is peanut butter involved. But anyway he does.

No, but I mean you got to think too like robots and, and nursing homes and home health and stuff. You know, there's a lot of elder abuse that happens and when you kind of weed out, because I think there'll be as. As that increases the amount of facilities and access to care. I think there will still be demand for nurses, but they'll be overseeing, you know, they'll have a different skill set than we have today. Exactly.

No, that's it Craig. That's it. That's when I say that every nurse, every accountant, every worker is going, can and most of them will become two to ten times more productive than they otherwise had been. And so a nurse will be able to see to oversee 10 patients a night instead of two.

Yeah. And how many and how many people in rural areas around the United States just don't have access. They have to rely on family members and different things like that, which is a burden. And as a family member you feel bad because you want to help, but you also want to have your own family.

So yeah, so this is key is that the way that people will be able to keep having jobs is that as many software agents, as many robots, etc, there have to be human people who have accountability at all across the board. It's like where's the throat to choke if something doesn't go right and you're putting the people in the right place to, for the kind of governance, oversight, etc.

You know, on that note, I just like Bryce is one or two and I'm sure there are people who are right now buying test fleets of Teslas, buying dozens scores, maybe hundreds of Teslas with full self driving capabilities while you can, while it's still not level five and it's only eight grand because the day that it truly becomes robo taxi, it's going to be a lot more expensive and I don't think they'll charge 30 or 40 grand for it. They'll still want to sell cars to consumers, but it'll be 15, 20, 30, I don't know, thousand dollars for the full self driving. So you do it now and because you will then be able to send out your fleet of robo taxis for rent and just picturing yeah, like of course there will be Haas. Like Presbyterian will probably have a fleet of robots, robot nurses that goes out to my friend just had kidney stone removed, spent two, three nights in Lubbock where the procedure was done, comes back to rural New Mexico to his house and something went wrong and he ended up in the ER for four or five days and just it would have. And then his, his wife and kids, you know, his kids flew in, they've been taking care of him for two weeks. The point of the story was you could just imagine that Presbyterian be like hey, we ought to just send, send one of the optimized down there to take care of Rod.

Yeah, I mean and that kind of goes to my, one of my other thoughts that I had. Like and going back to what you said, John too is that every, every entry level job, every nursing job, you will be a manager, you will manage agents. Like even if you come into it, you will have a team of agents to manage a team of robots to manage, to review. And that's just, it's going to require different skill sets and to the point of the robots in the hospitals. I mean, you know, your nurses. There's such a big demand for nurses. There always will be. There's so many facilities that are short staffed to have just.

There's an infinite number of nurses needed. I need a nurse at my house. I'm. I'm.

Yeah, literally.

But with the Maris 100%. If we had an optimist robot that could help, we'd still have nurses that help. Like we'd have someone there overseeing the robot, overseeing Ameris, like, like I'm. For decades at least. Right. Maybe when Ameris is 50, robots will be so advanced that you won't need an overseer and that she could just have some robots at the house that could alert a human if something went wrong. But you like, we need a nurse. But we're. I'm like, there's a billion people ahead of me that need nurses worse than I do.

Right.

We're okay. But I mean how many, how many investors do I know personally in my hedge fund who are elderly people whose spouses have a nurse? Lots. So yes, man, like having. It's insane to think that you could just buy yourself a robot and have supplemental nurse care unlike anything you would have ever been able to afford. $30,000 one time purchase and some recurring fees over time versus $150,000 a year for a real nurse.

For the best.

For all of the knowledge that you would have of any of the best nurse doctor on the planet, like you know, Nobel Prize level, you know.

Yeah, and not just knowledge. The, the kind of perception, you know, pick up on what's actually happening. Yeah. Oh, and by the way, also telepresence. So if you do need the, the actual human nurse to see what's up or to even embody the thing and take.

Yeah, I'll say like literally. You're good. It'll be robo. Like what do they call it when it's tele. Controlled.

Oh, operated.

Yeah, operated. So yeah, literally the doctor or the nurse could step into, you know, be like, all right, hey, I'm turning on the button to control the Optimus robot in your house. I got this from here.

All right, Put the robot back on. Call me if you. If this happens.

Wow.

What's the, what's the barrier between. For this stuff to. To actually start to happen?

Time.

John, you tell me. It sure looks like all of the technology that needs to exists exists. It just has to be improved, refined, built.

Iterated. And we're There, I mean it's not.

Yeah, from.

It's not Tomorrow, it's not 30 years though. It's somewhere in the next, you know, three to 15 years. This stuff just continues to develop and.

Hit the marketplace and go mainstream on the robotics side. You know, you see a few cases starting to happen of okay, it's, it's on the factory floor. You know, obviously you've had automated equipment on the factory floor for the past 20, 30 years or something. You know, machine tools that build machine tools. I mean, but now actual like these humanoid robots getting involved in it. It's just started to happen. And now we gotta watch in 2026 and 2027, you know, what use cases are popping up of okay, now we got one that does that. You know, now we got one that does that. Because what they apparently can do is just going crazy.

It's. And it's going to accelerate in its improvement. I mean that is the miracle of technology. It really.

More quickly over time. And so we're in an. We are in the most incredible time and place to be a revolution investor. We are probably in the most incredible time and place to just be an outright human being. Yes, it's still hard. Life is hard. My life has never been that easy. And my life has been relatively easy. So I can only imagine the hardships and struggles and everything that most people, billions of people, something like 100 billion people have ever, 117 billion people have ever existed on planet Earth.

100 and 116 billion plus of them.

Were struggling.

Maybe a few hundred million people in the history of the planet have really not struggled too much. So life is hard, you know, and even having lots of money doesn't solve everything. It certainly gives you access to health care.

But you know, with the robots that we've got, like the, the Optimus Tesla that when it started coming out and doing stuff, it seemed like every other one aspect of it seemed like every other robot going back where it just was very slow and deliberate, you know, little things. And then when I saw it catch a tennis ball last year, you know, they throw a ball at it and it's like, you know, like. And it's like, oh, it can move quick. And then just last week you see it actually running and it's like, it runs. It looks really human.

Looks humanistic.

Yes, the running looks quite human. And I was like, okay, so it is going to be able to like fluidly move around.

You know, it's just John's, John's parents and my mother are both English Fanatics. Grammar fanatics. John, is there such a word as human? Did I use the word humanistic correctly there?

Because you changed it correctly. You. You did. It's. You correctly made up. The word humanistic doesn't exist. I don't think so. It does now. I'm saying. Well, that's.

I noticed. I noticed you didn't use humanistic when you rephrased what I said.

Oh, I didn't try to rephrase. I just spoke in English. You did.

No, you literally, like, be very human.

Yeah, yeah. I wasn't trying to correct you. Well, when my wife says, I just.

I actually figured you actually said it properly and I must have messed it up.

So I have a shirt that says I'm silently correcting your grammar.

Says I can't actually correct your grammar unless I'm wearing the shirt.

That is funny. That's.

Well, I wanted to say wear the.

Shirt so you can actually correct your grammar.

That's. I've sometimes worn it just. Just for that.

Yeah, that's bad husbanding right there.

But okay. It is.

Yeah.

To your point about the robots, I actually wrote something else that was super interesting to me. It's like I'm kind of ready for the licensing agreements on these robots. Like, I was thinking, imagine during Halloween, you could have Anthony Hopkins just read your robot. Just like channel Anthony Hopkins and read like scary stories. Or like, for me, like, I'm from New Orleans. So, like during Mardi Gras, if you have a piano, have your Tesla robot download like the Fats Domino just skill set and like just start going ham on the. On the. You know, it preserves culture in a way that I think is super cool. As long as.

That's an interesting. Write that down. That phrase right there is a good one, Craig. Robots and AI will preserve culture in a very new way.

Yeah. And like, imagine if you're kidding.

You think back. Like, we don't know exactly for sure that if like following the exact symphony from Bach. What is that?

400 years ago, John, he didn't have symphonies, but. Yeah.

So really, I mean, you want to keep it real, right?

I do, actually.

So songs by Bach, Pieces, scores, opuses.

Opai.

Yes.

Yeah.

Opie, that's great.

OPAI by Bach. Today, we don't know for sure that they truly like played those notes. Like we have them printed and that we all interpret it now because it's been 350 years and there are obviously no recordings from centuries ago.

But also think like, if your kid plays baseball and you just really want them to have the best like the, like have a licensing agreement with like Shohei Ohtani and your robot can actually channel Shohei to show him how to hit.

You know what's interesting is I don't think you'd have to license athletic movement. You would have to license voice, you would have to license face. But there is no copyright or trademark on athletic movement. I can do the Michael Jordan free throw line dunk all day everywhere.

But if you market it, if you.

Market it as like, can you market.

It as the M anymore, John. But back in the day I could have at least gotten like 2ft in front of the free throw line and flown through the air. But I also couldn't crypto. Forget that example. Athleticism movements.

Yes, I agree with what you're saying, Cody. And so by the way, Craig, but.

That doesn't mean, by the way that there won't be sh otani licensed robots that are like, yeah, we actually went with Sh otani and this is his official movement.

Well, we already see though, like just in. Not with robots but with images that a year or two ago it was really strict about. No, you can't use my this or that. And then you have the Scarlett Johansson thing about her voice, which was not her voice. I don't know how she got away with that, but it sounded a lot like her.

Yeah.

How many people sound like people? So, yeah, you think it was. So anyway, on the, on the image side, you had all this, oh, no, you can't do that. You're breaking a license. And then Nano Banana has all like, make whatever you want. And I think they gradually put the stuff back on it.

Yeah, Craigs, see, if not right now, but later, see, go to Nano Banano and see if you can make a Cody Willard funny basketball Jordan dunking thing that we can play with. Show off next week. It'll make.

Yeah, it won't keep you from doing Cody Willard. It's not going to go. Sorry, he's too famous to.

No, that's what I'm. But it's like it. The AIs know who I am because I did used to be almost famous. And so it would be interesting to see. Don't do it this minute, Craig.

No, I'm not.

But I'm thinking.

I have been on the Tonight show and now I'm here doing a podcast with you bums. The. The John, you just. Oh, you know, it does remind me that you say that exactly of I. I was 100 right on this completely contrarian thesis in 2005 when YouTube came out because people would upload Judge Judy clips or, you know, Van Halen clips videos to YouTube. And back then there wasn't even any software created at that point to have like gone through and found any copyright content. And so like, they literally would like depend on people manually reporting the copyrighted content being uploaded. And then they would manually go and remove that video and that. And I was always like, that is not gonna last. Like, you're going to empower the end user to watch the copyright content on YouTube. They're going to get these clips eventually. So you might as well just like YouTube was smart and eventually Google was smart that they were just like, yeah, we'll get forgiveness, not permission on this. And that's been the exact same approach they've taken with this image stuff on AI. They immediately were just like, yeah, free will, anything you want. And then they're like, oh, everybody got mad. We better rein this in. And then they just sort of keep moving the marker a little bit.

Yeah, yeah, it just keeps, yeah, it just keeps going. And on text side too. I mean, all of the large language models, all these AI models like Chat GPT rely on everything written down ever, including every book that was ever written. So they didn't get license to all those books. And yet people come after everyone else and say, you can't blah, blah with that book. And it's like, I can't. The hyperscalers are doing it. So, you know, Anthropic made a deal with maybe New York Times. Like they made one deal and.

No, they make several deals, but the New York Times was the highest profile one. Yeah. And Reddit has been licensed kind of.

Covering for some of it, you know, but it's like there's so much and, and, and that's along your line of Craig of the, you know, the culture.

Yeah, that's true. So it actually, in some ways, thank goodness they're doing that because it will preserve your works even though you don't want it to. Your voice, even. All right, last words.

I guess I'll go first.

If I had to say last words, I, I, I kind of gave a little bit of it away. But I do think that as organizations start to embrace AI agents.

There is going to be some hurt in the middle. But over time, the amount of just new businesses, things that are going to pop up, the more people that we'll need in different types of roles that we don't know. And like I said, everybody's going to be an agent manager. You're going to have to Learn how to coordinate, how to prompt is a big one. How to read reports and really filter information to your above person. Because like I said earlier in another writing, you know, you're not just going to have one Scrooge McDuck at the top of a, at the top of a company just swimming in coins while robots do everything. It's just, it's impossible to get all of it done.

Oh totally. No, absolutely. They're going to be a guy who literally has a fleet of robots and he makes a billion dollars.

Yeah, when I'm talking about like the multi trillion dollar companies at that point.

You know, fair enough. You're going to need employees to be a multi trillion dollar company. But I'm telling you, there will be a guy who literally would have hundreds of millions of dollars worth if he wanted to. He could go get gold coins of them and swim around in it because he has a fleet of robots.

Hopefully they'll be so accessible that there'll be multiple of those people.

Exactly correct. That is the correct answer.

And you'll be able to talk to that trillionaire because all those copies of him, he's got them able to actually sort of like be him. You know, it's not literally him, but you can sit there and have a conversation as if it's him. And that's going to be kind of cool too.

Ray Dalio, speaking of billionaires who are brilliant, I'm not a huge Ray Dalio fan but the guys you know runs the. Well he runs it but he built the largest hedge fund in the history of the planet and he clearly is brilliant and a great business person to be able to have done that. And he recently released his. He spent a lot of time and money building. You know, I've had a Cody GPT built trained on all of my writings and TV clips from the last whatever years and it we've had it for two years. He just released one and he literally was excited because unlike me, he's pretty sure that you should really ask him advice for everything in that you are ever considering doing. Whether it's business or ethics or life. I think you can ask me, but I don't think you really ought to. I'll do my best, I'll answer. But you know, I'm figuring this out too. Ray Dalio drives me crazy because he's pretty sure he's always right and he'll tell you about it.

Which is interesting because in his most famous book, whatever blah rules thing, I read that and in there he talks about he ran his company in a way where the people at a meeting, you know, some. Anybody could like bring up an idea or a opinion on something, but it was connected to what they actually know and have done. So they're like. And their answer is worth more or less based on if they have the experience behind that thing. So he's kind of turning away from his own thing a little there.

Or like most of us, he just never actually listens to what he says, you know, do as I say, not as I do.

Okay, my last word.

The.

That was it.

No, that wasn't it. He says that every week.

The.

Programmers, right, are kind of the canary in the coal mine for what will happen to people with AI because it's happening to them already where AI is able to do their job. AI can write code better than 99 point whatever percent of coders. It's just really good at it. But what we see from that example is that there's lots of example of them also not losing their jobs because you need to have the human in the loop playing that role of being responsible for what happens with this, what goes on with that. It's already showing up in programming what we expect we'll see in these other areas.

That's great to know.

I'm using that as my last words. Thanks everybody. Goodbye. See you next week with Bryce will be back.

Thanks Johnny. Thanks Greg.

Take care.

Thanks everybody.