Back to episode — Episode 2513 CWSA 06/22/24
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version of it but not this. He said one of his predictions lately: Elon Musk telling Tesla investors that the value of Tesla alone could become half of the combined value of the S&P 500. Let me say that again. Elon Musk has said in public to Tesla investors that the value of Tesla, just that one company, could become as valuable as half of all the companies in the S&P 500. It could be half of the…
← Previous segment →heard the word "internet." I was playing with it in the lab, and then you could feel the attraction to it and everybody else could too. You knew it was going to be big before it was anything. You could just tell everybody had the same excitement about it from the first exposure. AI does that too, right? If you tried a few AI things when it was new and it didn't do much for you because it didn't do much when it was new, it's completely different already.
So I've already told you that. Let me give you an example. Driving home from Starbucks yesterday, I had some thoughts about some potential investments. And I thought to myself, you know, it would be good if I could find a company that's in the business of making the little servos and little motors that will go into robots. Because you want to buy the thing that every robot needs independent of which company is making the robots. And it seemed to me that the robot makers would probably, at least in the near term, use whatever company already is good at making motors because there are already robots in industrial settings. So there are already robot motors in a specialty area. So instead of doing my Google search, which never works, have you ever noticed that the odds that you can find something with a Google search went from pretty good to it's a coin flip at best? But with AI I had this entire conversation on the way home. Just a conversation. I just turn it on to conversation mode and I say stuff like, "Hey, I'm thinking of investing in the robot area, but I want to find the company that's likely to win in the making little motors for each of the robot arms and legs and stuff." And it comes up with a name and it says, "There's a Japanese company. I forget what it was. And it makes these robots and blah blah." And then I said, "Well, what percentage of their business is the robot parts?" Because it was a big company. They said, "Well, they don't break that out." So I said, "Okay, well forget about that one. What is the best company that makes robot motors that's mostly in that business, so that their biggest exposure is that one thing?" And it gave me names that I could later look into if I wanted to. So it completely answered my questions and it didn't do any of that hesitating stuff. You know, the hesitating like, "Well, you know, I can't give you that information because I don't want to give you financial advice." It gave financial advice but not as advice. It simply answered questions. In fact, I was giving myself advice, but it was answering questions to get there.
Now I did the same thing with a bunch of medical questions because I had some questions about whether one symptom is common to another thing. And I was trying to track down some mysteries and it was amazing. It was so much better than talking to a doctor because I've talked to doctors and it would just answer all of my questions perfectly. It was really exciting. So here's what I found AI is best for. It's best for having a conversation where you've got a lot of questions and you know exactly what you want to know but you need to coax it into giving you the right answer. It's great at that already. So that's coming anyway.
The only thing I want to tell you is that if you haven't experienced the addiction part of it, you will. And when they put that in a robot form, there's no way I'm not going to have the robot. I'm going to have a robot following me around all day doing whatever I want. Guaranteed. There's no way that's not going to happen.
There are a bunch of kids in Hawaii who sued the state over climate change. One bunch of kids sued over climate change and won. And what they won was Hawaii agreed to decarbonize their transit systems. And I thought to myself, I've been to Hawaii. Are you telling me they have a transit system? I'm hearing that for the first time. I thought the transit system was you rent a car at the airport
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and then you are your own transit system. That's true for Maui. Maybe they have a bus. Maybe I don't know. They don't have much of a transit system in Hawaii. But here's the important part of this story. The director of transportation over in Hawaii, he said, quote, "Climate change is indisputable." Isn't that a weird word? So can you tell that that person is hypnotized? That's not an opinion that…
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