EP 69: The Most Important AI Company No One Is Talking About

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There's one company right now in the US that's probably more important than any other company, and it's not who you're thinking about. All right, so we're going to have more on that today. But first, welcome. My name is Jordan Wilson. This is Everyday AI. It's your daily live stream, podcast and free daily newsletter helping everyday people keep up with AI and how we can actually all get ahead. All right, so before we talk about what is that one company that's really helping the United States in general and the US Stock market continue to surge ahead? Before we get to that, let's talk about what's going on in the world of AI news. And as a reminder, if you're joining us live, please leave us a comment. Let's have a conversation together. That's what this show is all about. All right, so a couple big things to talk about in the world of AI news. First, the Pentagon is getting assistance from Silicon Valley on the battlefield. So a new report looks at from the financial time, it, it looks at how the U.S. department of Defense is investing in artificial intelligence systems to conduct surveillance everywhere and How Silicon Valley VCs are investing in defense and weapons tech startups. So it's been a really big story over the last couple of months how kind of just the U.S. department of, of Defense and the U.S. military is starting to use AI in all aspects of training on the battlefield. So it's something to keep an eye on. All right. A new study from the Pew Research center is showing that AI is coming for white collar jobs. So you know, a lot of times we think that AIO it might just replace low paying jobs. That's not the case. At least this new Pew Research center study that shows about one in five American workers will have a job with high exposure to being replaced by artificial intelligence. And it also is showing that not just high earning white collar jobs that are at risk, but also specifically women's jobs may be most at risk. So more in the newsletter about that, so make sure you check it out. All right. And last but not least, Chat GPT is acing Harvard classes. That's right. So a new story just came out today showing how one Harvard University student is passing her first year classes and actually told her teachers when she's submitting her work that most of it is being done with ChatGPT. So make sure to check out more in the newsletter about that. But pretty interesting, you know, I think so many students are using it, not saying anything, but this Harvard student told her teachers when she's turning in her papers and so far getting almost all A's, averaging about a 3.3.5 GPA. So not bad. ChatGPT doing it, getting that, that, that Harvard degree. All right, as a reminder, let's go ahead and talk about one thing before we jump into what we are talking about today, which is one company. But first, you have one day, you have one day left. Make sure to go to your everydayai.com and sign up not just for our free newsletter, but we are giving away six months of Chat GPT plus and six private lessons with our team. So maybe you already have the premium version of Chat GPT plus and you don't need it, but you need one on one lessons. Let me tell you. That's, it's something we've been doing now for months. I think we've helped hundreds of people learn how to better use chat GPT. So make sure you go to your everydayai.com sign up for the giveaway. It ends today. Takes about seven seconds. All right, now let's get back to what we started to talk about here. What is that one company? And right as I am about to get into this, I wanted to shout out everyone that's already joining live. So if you're listening on the podcast, make sure to check the show notes. So we're going to have links for you to check out but also a link for you to come join us live. You know, this whole podcast and live stream is about creating connection and helping people learn AI. So we do it together. So a couple of comments already, Jan joining us saying good morning, Harvey joining us, Dr. Harvey Castro. Can you drop the link to Pew Research? Absolutely. It'll be in the newsletter. Cecilia, good morning. Joining us. All right, let's talk about that one company. How is one company right now so important to the US Economy? What is that company? What are they doing and what does it mean? Dr. Harvey Castro in the comments already got it right. It's Nvidia. All right, one company. It's not Apple, it's not Google, it's not Microsoft, it's not Tesla. It is Nvidia. Right. And I'm going to come with some hot takes this morning. You know, normally, normally we keep it very news, news based and you know, we're bringing on experts every day and asking for their opinion. I'm going to give you guys Some hot takes this morning to start, to start our week off right. I think Nvidia right now is the most important company for the United States and it may be one of the most important companies for our economy and our progress forward, even as a society. All right, so as I explain that hot take, let me first tell you why I feel that way. And even let's, let's, let's even rewind a little more. Let's talk about what Nvidia is and what they do. So to keep it simple, you know, even before this big AI boom, AI was one of the, or, or Nvidia was still one of the largest companies the United States. But it's all about chips. So much talk has been around chips. So these chips that we often refer to when we're talking about other companies needing them, you know how they're driving really just production and they can't even keep up with demand, not even close. But chips, gpus run so many of these other companies. So graphics processing unit, these are essentially chips that all companies need in order to run their AI systems, right? So when we talk about some of the biggest companies in the world, Microsoft, Google, Apple, Meta, what do they all have in common? They use Nvidia's chips, right? And all of these companies have come out and said in the last couple of months that they're going to not just double down on AI, but triple down. You have large CEOs saying, we are going to build AI into every single part of our platform, into every single part of our company. To do that, all companies need Nvidia chips. And right now, Nvidia's been one the leader in this space for, for a decade plus, right? So when Chat GPT as an example, right, we all, we all know Chat gbt. We've, we've, we've heard of it. But guess what Chat GPT needs to run their product. You know, guess what OpenAI needs. They need chips specifically from Nvidia. And Nvidia is the only one that has powerful enough GPUs that these companies can rely on. Right? Let's take, let's take a look at a couple of numbers here. All right, so right now Nvidia has about an 80 market share in the GPU space, right? And Citibank says that it that's expected to actually grow to 90%. All right? And right now Nvidia has a $1.1 trillion market cap. So they are valued at more than a trillion dollars. So why do I think that this is important and why Do I think it's something that it's worth paying attention to. So we already talked about the future, right? Companies have already said, the biggest companies have already said they're going to start to bake in, bake AI into all of their products, offerings and services. That's one aspect. But let's now look at the economy. We mentioned some of these big names, right? Also let's look a little before this most recent AI boom, right? So I think Generative AI has really been one of the leading news pieces, has been one of the most promising tech advancements and probably decades, if not even longer. So it probably all started with Chat GPT in 2022. So so many of these, you know, generative AI platforms have been around before that. But it was really Chat GPT coming out in November 2022 that made the rest of the world and you know, US companies and investors start to look at Generative AI seriously. How seriously? Well, if you take away some of the leading companies that we just talked about, you know, Nvidia and some of the other chip makers, you know, your big tech companies, it has been, and there's been plenty of stories that we share every single day in the newsletter about this. But AI related stocks are driving the US economy and it is obviously Nvidia that is the backbone of this growth. So you know, if you rewind, you know, nine months, 12 months ago, at least here in the U.S. i know we have, you know, people watching and listening from other parts of the country, but when you look at the economy, it drives so much of our day to day decision making, right? Whether we're going to buy a new car, whether we're going to get a new house, how much money we're going to put in the bank, right? So much of it is driven by the economy here in the US and nine months ago, 12 months ago, the outlook wasn't good. You know, everything was recession. You know, we are headed toward a recession. And then what happened is over the last six months, most major indexes measuring the US economy, we've had about a 15 to 20% growth, you know, depending on, on, you know, are you looking at the S and P, are you looking at the NASDAQ, at the Dow? So in six months we've had pretty solid growth, 15 to 20%. Whereas before this generative AI craze we were talking about, is the US heading into a long term recession? Why do I bring that up? Well, so many, even big companies that aren't, that don't have a tie in to generative AI, they are still making big decisions in their economy or sorry, in their companies based on the economy. All right, so that is why, getting back to what I originally talked about, that is why I think Nvidia is probably the single most important company right now in the US economy as all of these AI companies and companies related to AI. So again, that's your Microsoft, your Google, your Apple, your Meta, your Tesla, these big companies that have been collectively driving AI growth, right? We shared a story about two months ago that at the time, if you took away all tech stocks, specifically those tech stocks that had ties to AI, the overall, I believe that that story was the S and P. That at that, at, at that point the S and p was up 20%. If you took away all those companies, it was even, right? So if you take away all of these tech stock growths, that, that is fueling the economy, we are even, right? So that's the hot take for today. Nvidia is probably right now the most important company in the United States because guess what, as all of these other companies are saying to their shareholders, to the general public know, hey, we're coming out with this new technology where we're going to start incorporating this into our phones. I mean, let's even talk about Apple. Hey, you know, Apple has started to develop some of their own chips and you know that they have their M1 chip and they've stopped using. Apple has stopped using Nvidia chips. But still, you know, when Apple talks about, hey, we're going to bring Apple GPT, whatever it's called, right? To bring that to a phone, you're gonna need chip production. You know, when all these other companies are announcing new hardware products, even most of them are using Nvidia chips, right? So as we look about the future of our growth in AI and technology, we can't forget about these GPU chips. All right, so this is obviously a pretty technical talk today on everyday AI, but I think it's important, I think this is important for us to understand not just how this technology works. You know, Tesla, hey, that's something. Even if you don't care much about ChatGPT or AI, Tesla uses Nvidia chips. You know, probably your smartphone, your computer uses Nvidia chips. If you're a gamer, you, it uses Nvidia chips. And, and we have all of these new advancements in technology bringing, you know, helping to bring new advancements, new capabilities to computers, to the workplace. You know, you have all these now big partnerships, you know, your sales, sales forces of the world, you know, starting to even bring Generative AI to all of. All of their clients, all driven by chips. All right, again, this was a technical one, and I wanted to thank you guys for allowing me to be a dork this morning. You know, every once in a while, you know, I, I have these hot takes that I want to, I want to come in with and I want to share them with you because I, I feel they're that important. But as a reminder, we're going to have some less technical things this week. I'm going to go. Normally, I don't plug other shows on the show, but later this week we're going to be talking about Chat GPT plugins. All right, we've had a lot of people requesting this, so actually, if you're excited about that or if you want to hear us talk about something else on the show, go ahead and leave a comment right now. If you're listening on the live stream or if you're listening in the podcast, click in the show notes. Email us, tell us what you want to hear. Okay, but we've had so many people asking about Chat GPT plugins. You know, we, we've used hundreds of them. There's more than 800 plugins available. So later this week we're going to be talking about that. So I did want to plug that. And as a reminder, please go to your everydayai.com and sign up for our free daily newsletter. Let me tell you what's in that newsletter. Just about everything that you need to keep up with what's going on in the world of AI, you know, whether we realize it or not. Kind of like how we. Maybe you didn't realize how important Nvidia is, you know, to, to the US Economy or to our society as a whole, but everything that you would need to keep up with AI advancements, you know, new products, new services, new new tools, and just what it means for your job and how we can all use and, and leverage these things. That's what our newsletter is about every single day. So make sure you sign up for that newsletter. Also make sure you go sign up for our chat GPT+ giveaway that ends today. And make sure you join us the rest of the week on your everyday AI. Thank you for joining us and I hope to see you back tomorrow and every day on Everyday AI. Thanks.

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