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iOT Coffee Talk March 23, 2023 1h 5m

IoT Coffee Talk: Episode 148 - Generative Crap

Read full transcript 43 segments
  1. BS is the title of that tune brought to BS is the title of that tune brought to you by Leonard Lee and the folks at iot you by Leonard Lee and the folks at iot you by Leonard Lee and the folks at iot Coffee Talk what's up guys it's all good all good it's all good all good oh goodness that I use Bill Pugh's oh goodness that I use Bill Pugh's oh goodness that I use Bill Pugh's Financial advice which she makes Financial advice which she makes Financial advice which she makes publicly available on the internet and I publicly available on the internet and I publicly available on the internet and I shorted some Bank in Silicon Valley and shorted some Bank in Silicon Valley and shorted some Bank in Silicon Valley and maybe overnight so thanks Bill you're maybe overnight so thanks Bill you're maybe overnight so thanks Bill you're the man anytime anytime you know just the man anytime anytime you know just the man anytime anytime you know just for you uh yeah we had a crazy for you uh yeah we had a crazy for you uh yeah we had a crazy conversation last week right that was conversation last week right that was conversation last week right that was that was nuts that was nuts that was nuts but I think we were pretty on hit it's but I think we were pretty on hit it's but I think we were pretty on hit it's just that a lot of people are trying to just that a lot of people are trying to just that a lot of people are trying to blame interest rates and the fed and all blame interest rates and the fed and all blame interest rates and the fed and all that stuff and this is like skirting that stuff and this is like skirting that stuff and this is like skirting accountability it's just it's crazy you accountability it's just it's crazy you accountability it's just it's crazy you know but anyway know but anyway know but anyway it's the same you know when you uh when it's the same you know when you uh when it's the same you know when you uh when you try to dissect why a big you try to dissect why a big you try to dissect why a big transformation project failed if you transformation project failed if you transformation project failed if you come up with like one reason it's like come up with like one reason it's like come up with like one reason it's like dude you don't know what you're talking dude you don't know what you're talking dude you don't know what you're talking about like this is there's more about like this is there's more about like this is there's more complexity to it complexity to it complexity to it interest rates definitely a component interest rates definitely a component interest rates definitely a component but not the thing right not the thing but not the thing right not the thing but not the thing right not the thing it's like oh the um the VP moved on okay it's like oh the um the VP moved on okay it's like oh the um the VP moved on okay a component but not the thing maybe the a component but not the thing maybe the a component but not the thing maybe the project sucked in the first place yeah project sucked in the first place yeah project sucked in the first place yeah you know what it's it's all about you know what it's it's all about you know what it's it's all about unintended consequences you know what unintended consequences you know what unintended consequences you know what I'm saying it's just it and when they I'm saying it's just it and when they I'm saying it's just it and when they pile up they hit a critical mass and the pile up they hit a critical mass and the pile up they hit a critical mass and the disaster happens but you know I I think

  2. disaster happens but you know I I think disaster happens but you know I I think the disasters usually are triggered in the disasters usually are triggered in the disasters usually are triggered in high risk uh where a risk gets high risk uh where a risk gets high risk uh where a risk gets accumulated right and and that's why it accumulated right and and that's why it accumulated right and and that's why it ended up being svb right it was the ended up being svb right it was the ended up being svb right it was the weakest link weakest link weakest link um anyway let's not talk about that um anyway let's not talk about that um anyway let's not talk about that well you know and I think I think for us well you know and I think I think for us well you know and I think I think for us and I haven't caught up to last week's and I haven't caught up to last week's and I haven't caught up to last week's uh episode but you know it's just that uh episode but you know it's just that uh episode but you know it's just that you know hearing from folks in the you know hearing from folks in the you know hearing from folks in the community community community that are have you know small startups that are have you know small startups that are have you know small startups trying to do something in iot that you trying to do something in iot that you trying to do something in iot that you know somewhere affected uh you know some know somewhere affected uh you know some know somewhere affected uh you know some folks win right away and say like Hey folks win right away and say like Hey folks win right away and say like Hey we're good because we don't Bank there we're good because we don't Bank there we're good because we don't Bank there we bank here sort of thing so you know I we bank here sort of thing so you know I we bank here sort of thing so you know I heard from a few folks last week yeah heard from a few folks last week yeah heard from a few folks last week yeah you know Steve was making a big deal out you know Steve was making a big deal out you know Steve was making a big deal out of that and you know yes we empathize of that and you know yes we empathize of that and you know yes we empathize but you know FDIC ensures deposits up to but you know FDIC ensures deposits up to but you know FDIC ensures deposits up to quarter million and if you're uh if quarter million and if you're uh if quarter million and if you're uh if you're a startup uh Amnesia have you're a startup uh Amnesia have you're a startup uh Amnesia have somebody who's handling the treasury somebody who's handling the treasury somebody who's handling the treasury function for larger corporations there's function for larger corporations there's function for larger corporations there's no freaking excuse you know if you go to no freaking excuse you know if you go to no freaking excuse you know if you go to a large corporation they have a a large corporation they have a a large corporation they have a Treasurer that basically they manage the Treasurer that basically they manage the Treasurer that basically they manage the risk of the cash right risk of the cash right risk of the cash right um and so I don't know I I mean it's not um and so I don't know I I mean it's not um and so I don't know I I mean it's not like big corporations don't do it like big corporations don't do it like big corporations don't do it um and um large entities can't uh manage um and um large entities can't uh manage um and um large entities can't uh manage their cash in a way that their cash in a way that their cash in a way that reduces risk and and prevents this kind

  3. reduces risk and and prevents this kind reduces risk and and prevents this kind but you know the thing is is why did it but you know the thing is is why did it but you know the thing is is why did it still boils down to why why do people still boils down to why why do people still boils down to why why do people just like freak out just like freak out just like freak out you know you know you know you know I mean it's kind of like it's you know I mean it's kind of like it's you know I mean it's kind of like it's kind of like when when you see when kind of like when when you see when kind of like when when you see when you're out at a at a convention or you're out at a at a convention or you're out at a at a convention or something like that and all of a sudden something like that and all of a sudden something like that and all of a sudden one person runs one person runs one person runs everyone takes off running everyone takes off running everyone takes off running yeah yeah uh but you know as so much yeah yeah uh but you know as so much yeah yeah uh but you know as so much it's the Mass Effect yeah I don't have it's the Mass Effect yeah I don't have it's the Mass Effect yeah I don't have all the money in the world like Bill all the money in the world like Bill all the money in the world like Bill dust so I don't have that problem but dust so I don't have that problem but dust so I don't have that problem but you know like if you if you have the I you know like if you if you have the I you know like if you if you have the I think they call it the uh you know like think they call it the uh you know like think they call it the uh you know like they're really largely positives like if they're really largely positives like if they're really largely positives like if you have hundreds of millions of dollars you have hundreds of millions of dollars you have hundreds of millions of dollars right you're you have that kind of money right you're you have that kind of money right you're you have that kind of money like do why do you really Panic like if like do why do you really Panic like if like do why do you really Panic like if you woke up with like say a hundred you woke up with like say a hundred you woke up with like say a hundred million less but you still like did million less but you still like did million less but you still like did anything change I mean like are you anything change I mean like are you anything change I mean like are you gonna like not go to Whole Foods and gonna like not go to Whole Foods and gonna like not go to Whole Foods and your worst case scenario is Trader Joe's your worst case scenario is Trader Joe's your worst case scenario is Trader Joe's yeah I I don't know so so why why the yeah I I don't know so so why why the yeah I I don't know so so why why the bank runs bank runs bank runs I don't know man no I mean I don't know man no I mean I don't know man no I mean um um um it's uh and you know very early on what it's uh and you know very early on what it's uh and you know very early on what people were arguing was this is that why people were arguing was this is that why people were arguing was this is that why didn't the Silicon Valley Community didn't the Silicon Valley Community didn't the Silicon Valley Community um stick together and support the bank um stick together and support the bank um stick together and support the bank instead what everyone did was basically instead what everyone did was basically instead what everyone did was basically cut and try to cut and run you know I

  4. cut and try to cut and run you know I cut and try to cut and run you know I why that you know and what what drove why that you know and what what drove why that you know and what what drove the Fear Factor and and you know it the Fear Factor and and you know it the Fear Factor and and you know it really it really does you know boil down really it really does you know boil down really it really does you know boil down to the risk that was piled up in there to the risk that was piled up in there to the risk that was piled up in there and it's not just it's not just the the and it's not just it's not just the the and it's not just it's not just the the the financials uh you know the financials uh you know the financials uh you know challenging financial situation the bank challenging financial situation the bank challenging financial situation the bank got itself into it it's a quality of the got itself into it it's a quality of the got itself into it it's a quality of the depositors you know and and that that I depositors you know and and that that I depositors you know and and that that I mean ultimately that's the thing that mean ultimately that's the thing that mean ultimately that's the thing that needs to be examined but it's already needs to be examined but it's already needs to be examined but it's already getting kind of I mean you have all getting kind of I mean you have all getting kind of I mean you have all these these these billionaires who are the only people who billionaires who are the only people who billionaires who are the only people who are supposed to have an opinion are supposed to have an opinion are supposed to have an opinion according to um Jim Cramer he said that according to um Jim Cramer he said that according to um Jim Cramer he said that by the way yeah by the way yeah by the way yeah you know I think also I think also um I was I was um you know the you you um I was I was um you know the you you um I was I was um you know the you you can't avoid uh the the comparisons of a can't avoid uh the the comparisons of a can't avoid uh the the comparisons of a financial crisis without going into the financial crisis without going into the financial crisis without going into the Great Depression right for from the 30s Great Depression right for from the 30s Great Depression right for from the 30s and yeah something that I thought was and yeah something that I thought was and yeah something that I thought was really cool is that back in the back in really cool is that back in the back in really cool is that back in the back in the day for people to do a bankroll like the day for people to do a bankroll like the day for people to do a bankroll like how did people even know right you know how did people even know right you know how did people even know right you know it's like you really had to be collected it's like you really had to be collected it's like you really had to be collected and they're like ah what am I sending and they're like ah what am I sending and they're like ah what am I sending you a telegraph Bill get your money out you a telegraph Bill get your money out you a telegraph Bill get your money out man they're coming for you yeah yeah man they're coming for you yeah yeah man they're coming for you yeah yeah yeah well now it's just like you know a

  5. yeah well now it's just like you know a yeah well now it's just like you know a tweet a text and you know it because the tweet a text and you know it because the tweet a text and you know it because the velocity with which this money was velocity with which this money was velocity with which this money was um you know taken out um you know taken out um you know taken out yeah but you know what dude here as as yeah but you know what dude here as as yeah but you know what dude here as as much as you can put out like the fear much as you can put out like the fear much as you can put out like the fear you can put out Assurance as well and you can put out Assurance as well and you can put out Assurance as well and you know yeah and that's just a freaking you know yeah and that's just a freaking you know yeah and that's just a freaking excuse man the the velocity of risk excuse man the the velocity of risk excuse man the the velocity of risk mitigation and control it can go out mitigation and control it can go out mitigation and control it can go out just as fast as the fear the thing is is just as fast as the fear the thing is is just as fast as the fear the thing is is that where where was the gravity that where where was the gravity that where where was the gravity do you know what I'm saying I mean you do you know what I'm saying I mean you do you know what I'm saying I mean you know I saw this uh know I saw this uh know I saw this uh one of the first Republic or one of the one of the first Republic or one of the one of the first Republic or one of the banks that when a smaller banks that banks that when a smaller banks that banks that when a smaller banks that went under but you know it's funny went under but you know it's funny went under but you know it's funny because Banks go under all the time it's because Banks go under all the time it's because Banks go under all the time it's just now they're getting a spotlight and just now they're getting a spotlight and just now they're getting a spotlight and they tend to be these smaller banks that they tend to be these smaller banks that they tend to be these smaller banks that you know uh that are uh that where the you know uh that are uh that where the you know uh that are uh that where the depositors I mean they go to the bank depositors I mean they go to the bank depositors I mean they go to the bank and and and um their intent may be oh hey I heard um their intent may be oh hey I heard um their intent may be oh hey I heard something so I'm gonna pull my money out something so I'm gonna pull my money out something so I'm gonna pull my money out but the bank is able to provide but the bank is able to provide but the bank is able to provide Assurance to the depositor because Assurance to the depositor because Assurance to the depositor because usually the depositor doesn't know that usually the depositor doesn't know that usually the depositor doesn't know that their deposits are secure to a certain their deposits are secure to a certain their deposits are secure to a certain amount amount amount um and then you know basically convince um and then you know basically convince um and then you know basically convince the depositor hey everything's cool and the depositor hey everything's cool and the depositor hey everything's cool and then you know the positor walks out hey then you know the positor walks out hey then you know the positor walks out hey risk mitigated Bank Run avoided you know risk mitigated Bank Run avoided you know risk mitigated Bank Run avoided you know uh averted uh but you know the thing is uh averted uh but you know the thing is uh averted uh but you know the thing is is that with when the risk is so great

  6. is that with when the risk is so great is that with when the risk is so great and the depositors know it and the depositors know it and the depositors know it fear will overcome any form of fear will overcome any form of fear will overcome any form of mitigation as far as you know mitigation as far as you know mitigation as far as you know you know I can you know I can you know I can I can say I can say I can say and I think that's really you know kind and I think that's really you know kind and I think that's really you know kind of what happened because you know like of what happened because you know like of what happened because you know like Bill like what we're talking about uh Bill like what we're talking about uh Bill like what we're talking about uh yesterday I mean last week if these are yesterday I mean last week if these are yesterday I mean last week if these are really solid companies right there would really solid companies right there would really solid companies right there would be no reason for the everyone to freak be no reason for the everyone to freak be no reason for the everyone to freak out you know because the the the out you know because the the the out you know because the the the concerns the depositors themselves are concerns the depositors themselves are concerns the depositors themselves are are solid they're not going to go and are solid they're not going to go and are solid they're not going to go and solvent right so there's no fear of the solvent right so there's no fear of the solvent right so there's no fear of the next guy next guy next guy there's no fear of the next guy there's no fear of the next guy there's no fear of the next guy why you know you're just gonna I I mean why you know you're just gonna I I mean why you know you're just gonna I I mean I didn't go also I mean if you're if I didn't go also I mean if you're if I didn't go also I mean if you're if you're not I mean on one end if you if you're not I mean on one end if you if you're not I mean on one end if you if you are a if you're bootstrapped or you are a if you're bootstrapped or you are a if you're bootstrapped or something of that nature right you're something of that nature right you're something of that nature right you're not you're not inclined to put your not you're not inclined to put your not you're not inclined to put your money over over there in that same spot money over over there in that same spot money over over there in that same spot that every other uh entrepreneurial that every other uh entrepreneurial that every other uh entrepreneurial company or or what have you is doing I company or or what have you is doing I company or or what have you is doing I mean because it's the in Vogue thing mean because it's the in Vogue thing mean because it's the in Vogue thing that's what you do you put your money in that's what you do you put your money in that's what you do you put your money in in that bank you you know you're in that bank you you know you're in that bank you you know you're literally gonna go with the bank that's literally gonna go with the bank that's literally gonna go with the bank that's going to favor what you're doing and going to favor what you're doing and going to favor what you're doing and yeah I mean that's what I did I I went yeah I mean that's what I did I I went yeah I mean that's what I did I I went to three different banks before I to three different banks before I to three different banks before I decided where my business was going to decided where my business was going to decided where my business was going to live yeah and and then I don't live yeah and and then I don't live yeah and and then I don't necessarily leave all of my money in a

  7. necessarily leave all of my money in a necessarily leave all of my money in a single location yeah right right you single location yeah right right you single location yeah right right you might do primary banking out of one and might do primary banking out of one and might do primary banking out of one and then you protect your your cash across a then you protect your your cash across a then you protect your your cash across a portfolio of of banks to make sure that portfolio of of banks to make sure that portfolio of of banks to make sure that you know uh well you're managing risk you know uh well you're managing risk you know uh well you're managing risk properly I mean that's the whole properly I mean that's the whole properly I mean that's the whole treasury function right and treasury function right and treasury function right and um you know one the excuses that I hear um you know one the excuses that I hear um you know one the excuses that I hear from billionaires is that uh you know from billionaires is that uh you know from billionaires is that uh you know svb provided convenience and nobody else svb provided convenience and nobody else svb provided convenience and nobody else provide this convenience like well no provide this convenience like well no provide this convenience like well no you're you're big enough if you have you're you're big enough if you have you're you're big enough if you have billion millions and billions of dollars billion millions and billions of dollars billion millions and billions of dollars you have enough money to hire a you have enough money to hire a you have enough money to hire a Treasurer and if you want to blame Treasurer and if you want to blame Treasurer and if you want to blame someone for exposing you to ridiculous someone for exposing you to ridiculous someone for exposing you to ridiculous risk blame your treasurer you know yeah risk blame your treasurer you know yeah risk blame your treasurer you know yeah I mean come on I mean what how many I mean come on I mean what how many I mean come on I mean what how many excuses can these guys produce excuses can these guys produce excuses can these guys produce you know what I'm saying you know it's you know what I'm saying you know it's you know what I'm saying you know it's convenience oh we can't bet you know convenience oh we can't bet you know convenience oh we can't bet you know like Steve was saying and Steve you can like Steve was saying and Steve you can like Steve was saying and Steve you can kick my ass later kick my ass later kick my ass later saying this but he says oh well what saying this but he says oh well what saying this but he says oh well what other Banks take care of guys like us I other Banks take care of guys like us I other Banks take care of guys like us I don't know who guys like us are uh or don't know who guys like us are uh or don't know who guys like us are uh or startups it's like startups it's like startups it's like well who cares it you know risk is risk well who cares it you know risk is risk well who cares it you know risk is risk um regulations regulation was protected um regulations regulation was protected um regulations regulation was protected and the amounts that are protected what and the amounts that are protected what and the amounts that are protected what it is it is it is and every depositor should understand and every depositor should understand and every depositor should understand that including startups and VCS and if that including startups and VCS and if that including startups and VCS and if you don't understand that and you expose

  8. you don't understand that and you expose you don't understand that and you expose your company to risk for convenience your company to risk for convenience your company to risk for convenience sake sake sake tough luck I mean you know what I'm tough luck I mean you know what I'm tough luck I mean you know what I'm saying that you know when you walk into saying that you know when you walk into saying that you know when you walk into a bank it freaking says it right as a bank it freaking says it right as a bank it freaking says it right as you're walking through the door and you you're walking through the door and you you're walking through the door and you ignore that ignore that ignore that I I and then what you're gonna blame I I and then what you're gonna blame I I and then what you're gonna blame everyone else except for yourself I I everyone else except for yourself I I everyone else except for yourself I I don't get that do you know what I'm don't get that do you know what I'm don't get that do you know what I'm saying I mean seriously right come on saying I mean seriously right come on saying I mean seriously right come on I mean that goes beyond the the fact I mean that goes beyond the the fact I mean that goes beyond the the fact that a lot of these concerns just really that a lot of these concerns just really that a lot of these concerns just really didn't have any spine in terms of you didn't have any spine in terms of you didn't have any spine in terms of you know viability you know there's no know viability you know there's no know viability you know there's no structure and support uh you know structure and support uh you know structure and support uh you know Financial viability back in you know Financial viability back in you know Financial viability back in you know Behind These companies and you know Behind These companies and you know Behind These companies and you know Investments so I don't know it's a it's Investments so I don't know it's a it's Investments so I don't know it's a it's really I think that at the end of the really I think that at the end of the really I think that at the end of the day that the perceived problem affects day that the perceived problem affects day that the perceived problem affects you know uh a you know the top I don't you know uh a you know the top I don't you know uh a you know the top I don't know the top one percent like how many know the top one percent like how many know the top one percent like how many of us actually have how many of the of of us actually have how many of the of of us actually have how many of the of the population of the US has actually the population of the US has actually the population of the US has actually over 250 000 bucks in a bank right it's over 250 000 bucks in a bank right it's over 250 000 bucks in a bank right it's it's not that many so yeah they uh hire it's not that many so yeah they uh hire it's not that many so yeah they uh hire people to manage this stuff and call it people to manage this stuff and call it people to manage this stuff and call it a day but clearly after after your a day but clearly after after your a day but clearly after after your success with my recommendations you have success with my recommendations you have success with my recommendations you have you have that bill I have I just learned you have that bill I have I just learned you have that bill I have I just learned how to you know what I now have I have a how to you know what I now have I have a how to you know what I now have I have a family office looking after my final oh family office looking after my final oh family office looking after my final oh you see how that works I didn't even

  9. you see how that works I didn't even you see how that works I didn't even know I didn't even know where that thing know I didn't even know where that thing know I didn't even know where that thing was last Wednesday oh man I've hired a was last Wednesday oh man I've hired a was last Wednesday oh man I've hired a team oh see oh my God come on Bill how team oh see oh my God come on Bill how team oh see oh my God come on Bill how come you didn't give me that Tiff yeah come you didn't give me that Tiff yeah come you didn't give me that Tiff yeah folks if you're still listening folks if you're still listening folks if you're still listening um Bill Pugh does not offer any type of um Bill Pugh does not offer any type of um Bill Pugh does not offer any type of financial advice and and neither one of financial advice and and neither one of financial advice and and neither one of us here like do not take any do not make us here like do not take any do not make us here like do not take any do not make money decisions on anything you hear no money decisions on anything you hear no money decisions on anything you hear no absolutely not that that's one of our absolutely not that that's one of our absolutely not that that's one of our primary that's our prime directive number one rule number one for watching number one rule number one for watching this show is do not take us seriously this show is do not take us seriously this show is do not take us seriously because we're just we're just talking because we're just we're just talking because we're just we're just talking crap yeah but you know um so what are you guys up but you know um so what are you guys up to I'm like at to I'm like at to I'm like at um I'm virtually attending GTC you know um I'm virtually attending GTC you know um I'm virtually attending GTC you know nvidia's GTC and of course I'm getting a nvidia's GTC and of course I'm getting a nvidia's GTC and of course I'm getting a whole earful on generative AI whole earful on generative AI whole earful on generative AI um you know I listened to Jensen huang's um you know I listened to Jensen huang's um you know I listened to Jensen huang's uh uh uh uh keynote yesterday uh it was uh keynote yesterday uh it was uh keynote yesterday uh it was interesting dude that guy is like the interesting dude that guy is like the interesting dude that guy is like the ultimate salesman man I you after you ultimate salesman man I you after you ultimate salesman man I you after you listen to that you think oh generative listen to that you think oh generative listen to that you think oh generative AI there is no problemo everything is AI there is no problemo everything is AI there is no problemo everything is handled and everything is cool I mean he handled and everything is cool I mean he handled and everything is cool I mean he does a great job and you know does a great job and you know does a great job and you know um um um it's pretty it's pretty nutty it's pretty it's pretty nutty it's pretty it's pretty nutty um um um but um you know but I mean but that's but um you know but I mean but that's but um you know but I mean but that's his business right I mean that is his his business right I mean that is his his business right I mean that is his business yeah and and and and I mean I I

  10. business yeah and and and and I mean I I business yeah and and and and I mean I I you know when when I look at it so you know when when I look at it so you know when when I look at it so here's here's a couple of things right here's here's a couple of things right here's here's a couple of things right when I look at social media as a whole when I look at social media as a whole when I look at social media as a whole and and now you have these things you and and now you have these things you and and now you have these things you know called influencers yeah and know called influencers yeah and know called influencers yeah and influencers and and you know when you influencers and and you know when you influencers and and you know when you think about it you know yeah you have think about it you know yeah you have think about it you know yeah you have the the Gen Gen X gen Z all of them the the Gen Gen X gen Z all of them the the Gen Gen X gen Z all of them running around saying you know I'm gonna running around saying you know I'm gonna running around saying you know I'm gonna be a social media influencer and just be a social media influencer and just be a social media influencer and just now understand what that means because now understand what that means because now understand what that means because what you just said he's The Ultimate what you just said he's The Ultimate what you just said he's The Ultimate Sales sales guy Sales sales guy Sales sales guy he's an influencer he's an influencer he's an influencer oh yeah I will influence a a a stream of oh yeah I will influence a a a stream of oh yeah I will influence a a a stream of thought that will have you acting a thought that will have you acting a thought that will have you acting a specific way and whether that be my specific way and whether that be my specific way and whether that be my service whether that be I mean at the service whether that be I mean at the service whether that be I mean at the end of the day that's what it is end of the day that's what it is end of the day that's what it is believing believing believing um believing um believing um believing um what he wants you to believe right um what he wants you to believe right um what he wants you to believe right um which is that uh the all the um which is that uh the all the um which is that uh the all the generative stuff works generative stuff works generative stuff works um but you know it was interesting I I um but you know it was interesting I I um but you know it was interesting I I saw I read this article about the new saw I read this article about the new saw I read this article about the new release of chat or the gpt4 okay and one release of chat or the gpt4 okay and one release of chat or the gpt4 okay and one I mean I mean I mean that's correct wait a minute you mean that's correct wait a minute you mean that's correct wait a minute you mean the the CEO that said he was scared of the the CEO that said he was scared of the the CEO that said he was scared of his own stuff yeah and then but if you his own stuff yeah and then but if you his own stuff yeah and then but if you read it you know you read the transcript read it you know you read the transcript read it you know you read the transcript there there is a part where your sister there there is a part where your sister there there is a part where your sister and he says something about and he says something about and he says something about um you know one of the big problems with um you know one of the big problems with um you know one of the big problems with generative AI is this whole solution generative AI is this whole solution generative AI is this whole solution who's hallucination thing right it's who's hallucination thing right it's who's hallucination thing right it's like yeah okay so let's stop calling it

  11. like yeah okay so let's stop calling it like yeah okay so let's stop calling it uh Nation problem uh Nation problem uh Nation problem let's call it what it is it just makes let's call it what it is it just makes let's call it what it is it just makes up [ __ ] up [ __ ] up [ __ ] it it confidently makes up [ __ ] presents it it confidently makes up [ __ ] presents it it confidently makes up [ __ ] presents it it it as fact as fact as fact problem is this is that he it's people problem is this is that he it's people problem is this is that he it's people who are the problem it's not the who are the problem it's not the who are the problem it's not the technology the technology just does what technology the technology just does what technology the technology just does what it does it's the it's Humanity's it does it's the it's Humanity's it does it's the it's Humanity's responsibility to use the tools properly responsibility to use the tools properly responsibility to use the tools properly and that's the thing that's completely and that's the thing that's completely and that's the thing that's completely missing you know so there's ethical AI missing you know so there's ethical AI missing you know so there's ethical AI right which is the AI is ethical you right which is the AI is ethical you right which is the AI is ethical you know this whole thing about trying to know this whole thing about trying to know this whole thing about trying to take biases out of uh of AI That's take biases out of uh of AI That's take biases out of uh of AI That's ethical AI then there's responsible AI ethical AI then there's responsible AI ethical AI then there's responsible AI that we've been talking about right that we've been talking about right that we've been talking about right um that's about people do you um that's about people do you um that's about people do you responsibly build applications release responsibly build applications release responsibly build applications release applications to the public and to your applications to the public and to your applications to the public and to your customers uh that are not going to do customers uh that are not going to do customers uh that are not going to do harm harm harm right and man when the guy who's like right and man when the guy who's like right and man when the guy who's like the CEO of the company that's that the CEO of the company that's that the CEO of the company that's that invented this stuff goes around saying invented this stuff goes around saying invented this stuff goes around saying oh by the way it's I got a problem just oh by the way it's I got a problem just oh by the way it's I got a problem just making [ __ ] up we should we should and maybe the you know maybe the and maybe the you know maybe the and maybe the you know maybe the hallucination should be presented with hallucination should be presented with hallucination should be presented with with technical terms because we humans

  12. with technical terms because we humans with technical terms because we humans hallucinate right yeah I mean you need hallucinate right yeah I mean you need hallucinate right yeah I mean you need to take some stuff but the point is it's to take some stuff but the point is it's to take some stuff but the point is it's a human trait a human trait a human trait um so yeah maybe like technical language um so yeah maybe like technical language um so yeah maybe like technical language to describe what is actually happening to describe what is actually happening to describe what is actually happening when this thing is hallucinating to when this thing is hallucinating to when this thing is hallucinating to explain why it's making stuff up but you explain why it's making stuff up but you explain why it's making stuff up but you know I was also know I was also know I was also um open AI they I haven't read the whole um open AI they I haven't read the whole um open AI they I haven't read the whole thing but they uh they they did put out thing but they uh they they did put out thing but they uh they they did put out a paper that I was targeting uh was a paper that I was targeting uh was a paper that I was targeting uh was explaining improvements from a GP uh explaining improvements from a GP uh explaining improvements from a GP uh from three to four yeah and it talked from three to four yeah and it talked from three to four yeah and it talked about like principles like almost like about like principles like almost like about like principles like almost like uh like a constitution uh like a constitution uh like a constitution where uh benevolence is part of it and where uh benevolence is part of it and where uh benevolence is part of it and you know maleficence is out and you know you know maleficence is out and you know you know maleficence is out and you know like like all these things and I'm like like like all these things and I'm like like like all these things and I'm like but man like these are human traits but but man like these are human traits but but man like these are human traits but you know you know you know yeah so I I don't know that we're able yeah so I I don't know that we're able yeah so I I don't know that we're able to uh to separate the two and then to uh to separate the two and then to uh to separate the two and then release this machine with you know less release this machine with you know less release this machine with you know less guard rails yeah maybe more than before guard rails yeah maybe more than before guard rails yeah maybe more than before it's uh it's it's scary and fascinating it's uh it's it's scary and fascinating it's uh it's it's scary and fascinating yeah but here's the problem he also yeah but here's the problem he also yeah but here's the problem he also mentions okay mentions okay mentions okay um the the problem with inputs and um the the problem with inputs and um the the problem with inputs and that who controls the inputs that who controls the inputs that who controls the inputs and when you open up the uh the model and when you open up the uh the model and when you open up the uh the model um to be exposed to human inputs right um to be exposed to human inputs right um to be exposed to human inputs right sort of in a democratized way like when sort of in a democratized way like when sort of in a democratized way like when we talked about previously I mean we've we talked about previously I mean we've we talked about previously I mean we've been talking about this for at least a

  13. been talking about this for at least a been talking about this for at least a couple months we're ahead of the curve couple months we're ahead of the curve couple months we're ahead of the curve in terms of where people should be in terms of where people should be in terms of where people should be thinking about this stuff thinking about this stuff thinking about this stuff um you know that what we see when you um you know that what we see when you um you know that what we see when you you pointed out that something out there you pointed out that something out there you pointed out that something out there is that people people corrupt it you is that people people corrupt it you is that people people corrupt it you know that's the sad facts people corrupt know that's the sad facts people corrupt know that's the sad facts people corrupt the crap out of it you know I don't mean the crap out of it you know I don't mean the crap out of it you know I don't mean but that falls right in line with with I but that falls right in line with with I but that falls right in line with with I mean I mean my snarky remarked that you mean I mean my snarky remarked that you mean I mean my snarky remarked that you know look how in the hell are you ever know look how in the hell are you ever know look how in the hell are you ever gonna trust this I barely trust natural gonna trust this I barely trust natural gonna trust this I barely trust natural intelligence yeah yeah intelligence yeah yeah intelligence yeah yeah okay okay okay yeah yeah yeah yeah yeah yeah I mean basically what you're doing is I mean basically what you're doing is I mean basically what you're doing is you're creating and it's not artificial you're creating and it's not artificial you're creating and it's not artificial it's artificial intelligence is the is it's artificial intelligence is the is it's artificial intelligence is the is the the the um technology right the application that um technology right the application that um technology right the application that you're actually building is artificial you're actually building is artificial you're actually building is artificial stupidity right because it's just stupidity right because it's just stupidity right because it's just turning into an idiocracy it's an turning into an idiocracy it's an turning into an idiocracy it's an idiocracy amplifier uh and idiocracy amplifier uh and idiocracy amplifier uh and um that um that um that if so here's one of the interesting if so here's one of the interesting if so here's one of the interesting things though and I'm just really things though and I'm just really things though and I'm just really curious at how Nvidia is actually curious at how Nvidia is actually curious at how Nvidia is actually pulling this off they have a number of pulling this off they have a number of pulling this off they have a number of generative AI Frameworks that they put generative AI Frameworks that they put generative AI Frameworks that they put out there one of them is called uh neon out there one of them is called uh neon out there one of them is called uh neon and Nemo okay so you should check it out and Nemo okay so you should check it out and Nemo okay so you should check it out there's an interesting element to the there's an interesting element to the there's an interesting element to the the whole Nemo framework which is that I the whole Nemo framework which is that I the whole Nemo framework which is that I I think it's that one that is used for

  14. I think it's that one that is used for I think it's that one that is used for doing sort of the predictive language doing sort of the predictive language doing sort of the predictive language stuff stuff stuff um it's called the oh crap I knew what um it's called the oh crap I knew what um it's called the oh crap I knew what it was and I just forgot it see this is it was and I just forgot it see this is it was and I just forgot it see this is what happens when you get old what happens when you get old what happens when you get old um it's um it's um it's oh my God I can't believe let me see if oh my God I can't believe let me see if oh my God I can't believe let me see if I can look it up it's the um somebody I can look it up it's the um somebody I can look it up it's the um somebody asked chat GPT what Leonard was just asked chat GPT what Leonard was just asked chat GPT what Leonard was just thinking thinking thinking [Laughter] [Laughter] [Laughter] our application for chat GPT is like our application for chat GPT is like our application for chat GPT is like helping you remember a good crap helping you remember a good crap helping you remember a good crap um um um they will recommend an implant just at they will recommend an implant just at they will recommend an implant just at the base service no it's called the base service no it's called the base service no it's called guardrail service so I'm looking at the guardrail service so I'm looking at the guardrail service so I'm looking at the architecture now so Nemo yeah so it's architecture now so Nemo yeah so it's architecture now so Nemo yeah so it's got all this crap got all this crap got all this crap um you know that that's degenerative AI um you know that that's degenerative AI um you know that that's degenerative AI stuff you know uh there's a thing called stuff you know uh there's a thing called stuff you know uh there's a thing called P tuning where you can kind of I guess P tuning where you can kind of I guess P tuning where you can kind of I guess you tune the the you tune the the you tune the the ethics of it I guess I don't know but ethics of it I guess I don't know but ethics of it I guess I don't know but then there's this other thing called then there's this other thing called then there's this other thing called guardrail services I don't know exactly guardrail services I don't know exactly guardrail services I don't know exactly how that works and whether or not it's how that works and whether or not it's how that works and whether or not it's an active component to the actual an active component to the actual an active component to the actual um you know model but um you know model but um you know model but um yeah it it it's all about the Corpus um yeah it it it's all about the Corpus um yeah it it it's all about the Corpus it's still not about the inputs right it's still not about the inputs right it's still not about the inputs right and so how how disconnected some of this and so how how disconnected some of this and so how how disconnected some of this tooling is from what like the stuff that tooling is from what like the stuff that tooling is from what like the stuff that um Sam Altman talk you know just putts um Sam Altman talk you know just putts um Sam Altman talk you know just putts out there openly I I don't know how you

  15. out there openly I I don't know how you out there openly I I don't know how you reconcile those things right because reconcile those things right because reconcile those things right because they're so disconnected and the problems they're so disconnected and the problems they're so disconnected and the problems that that that um Sam continuously suggests as he's um Sam continuously suggests as he's um Sam continuously suggests as he's releasing more of this stuff releasing more of this stuff releasing more of this stuff I don't see the functions that can I don't see the functions that can I don't see the functions that can actually effectively mitigate the risks actually effectively mitigate the risks actually effectively mitigate the risks and potential dangers that they put out and potential dangers that they put out and potential dangers that they put out there and you know when you listen to there and you know when you listen to there and you know when you listen to them he clearly goes and them he clearly goes and them he clearly goes and in an itemized list runs down all of the in an itemized list runs down all of the in an itemized list runs down all of the potential catastrophic things that can potential catastrophic things that can potential catastrophic things that can be that can happen be that can happen be that can happen if certain people apply this um in the if certain people apply this um in the if certain people apply this um in the wrong way right whatever that is so I wrong way right whatever that is so I wrong way right whatever that is so I don't know I think about uh like a job don't know I think about uh like a job don't know I think about uh like a job wreck where like you're gonna make like wreck where like you're gonna make like wreck where like you're gonna make like a really comfy living Abode and the back a really comfy living Abode and the back a really comfy living Abode and the back of the server room at open Ai and when of the server room at open Ai and when of the server room at open Ai and when the light goes on you just unplug the the light goes on you just unplug the the light goes on you just unplug the thing you just like start taking blades thing you just like start taking blades thing you just like start taking blades out out out you know like just put chemicals like you know like just put chemicals like you know like just put chemicals like lighter match and just see if I get out lighter match and just see if I get out lighter match and just see if I get out of Dodge good luck you know how hard of Dodge good luck you know how hard of Dodge good luck you know how hard that would be because you know how many that would be because you know how many that would be because you know how many server blades are used to to basically server blades are used to to basically server blades are used to to basically to run these things oh my God to run these things oh my God to run these things oh my God yeah no I mean I think it's it it and yeah no I mean I think it's it it and yeah no I mean I think it's it it and then they'll start to distribute them then they'll start to distribute them then they'll start to distribute them right and then it's going to be game right and then it's going to be game right and then it's going to be game over you can't control it over you can't control it over you can't control it you know but um you know but um you know but um I'm sure no one's trying to figure out

  16. I'm sure no one's trying to figure out I'm sure no one's trying to figure out how to actuate in the real world uh you how to actuate in the real world uh you how to actuate in the real world uh you know know know yeah I mean yeah why would they ever do yeah I mean yeah why would they ever do yeah I mean yeah why would they ever do that no I don't know it's like why does that no I don't know it's like why does that no I don't know it's like why does that big break in that substation do yeah yeah um um um yeah it's it's yeah it's it's yeah it's it's um it's getting funky out there you know um it's getting funky out there you know um it's getting funky out there you know all these pivots and um all these pivots and um all these pivots and um uh uh uh I don't know I don't know I don't know um so Bill um so Bill um so Bill what are you up to so so my latest thing has been digging so so my latest thing has been digging around to find naysayers uh as it around to find naysayers uh as it around to find naysayers uh as it relates to iot and smart cities and relates to iot and smart cities and relates to iot and smart cities and things of that nature and I mean you things of that nature and I mean you things of that nature and I mean you know when you go looking because know when you go looking because know when you go looking because normally what what I think you know as a normally what what I think you know as a normally what what I think you know as a technologist what I think we do is we technologist what I think we do is we technologist what I think we do is we look for the the latest greatest thing look for the the latest greatest thing look for the the latest greatest thing we look for you know new developments we we look for you know new developments we we look for you know new developments we look for all of these other things and look for all of these other things and look for all of these other things and then we critique assess and and you know then we critique assess and and you know then we critique assess and and you know arrive at some type of conclusion arrive at some type of conclusion arrive at some type of conclusion yeah what happens when you go and you yeah what happens when you go and you yeah what happens when you go and you look for the the the the opposite when look for the the the the opposite when look for the the the the opposite when you look for the people that are hearing you look for the people that are hearing you look for the people that are hearing about this stuff know literally dick about this stuff know literally dick about this stuff know literally dick about what that is and what it does about what that is and what it does about what that is and what it does compile a bunch of information and then compile a bunch of information and then compile a bunch of information and then jump on YouTube and start talking about

  17. jump on YouTube and start talking about jump on YouTube and start talking about it yeah I love it it yeah I love it it yeah I love it I love it I mean so so I love it I mean so so I love it I mean so so yes I mean literally I've I've looked at yes I mean literally I've I've looked at yes I mean literally I've I've looked at at some of these and and and if you look on YouTube I put and and and if you look on YouTube I put it in the chat if you look on YouTube at it in the chat if you look on YouTube at it in the chat if you look on YouTube at what this guy is saying this literally what this guy is saying this literally what this guy is saying this literally came out last week came out last week came out last week and and and and it's it is it is it's horrible it I and it's it is it is it's horrible it I and it's it is it is it's horrible it I mean my goodness it it is oh man you mean my goodness it it is oh man you mean my goodness it it is oh man you listen to him it's about it's about 12 listen to him it's about it's about 12 listen to him it's about it's about 12 minutes and and he cites stuff that minutes and and he cites stuff that minutes and and he cites stuff that happened in uh in Kansas City happened in uh in Kansas City happened in uh in Kansas City um he talks about Cisco and and Google's um he talks about Cisco and and Google's um he talks about Cisco and and Google's partnership he talks about Google and partnership he talks about Google and partnership he talks about Google and sidewalk and what happened in in uh sidewalk and what happened in in uh sidewalk and what happened in in uh quayside and all of that I mean and all quayside and all of that I mean and all quayside and all of that I mean and all he really did was compile a bunch of he really did was compile a bunch of he really did was compile a bunch of failed efforts yeah failed efforts yeah failed efforts yeah and said look guys and said look guys and said look guys you guys have to fight against this yeah you guys have to fight against this yeah you guys have to fight against this yeah you have to fight against it you know you have to fight against it you know you have to fight against it you know they want to take our they want to take they want to take our they want to take they want to take our they want to take our minds they want to take our freedom our minds they want to take our freedom our minds they want to take our freedom our liberties are gone our liberties are gone our liberties are gone you know I mean and so so that's that's you know I mean and so so that's that's you know I mean and so so that's that's what I've been up to is really looking what I've been up to is really looking what I've been up to is really looking at those things it sounds like anyone at those things it sounds like anyone at those things it sounds like anyone can just come to YouTube and put stuff can just come to YouTube and put stuff can just come to YouTube and put stuff out there folks unbelievable yeah that's out there folks unbelievable yeah that's out there folks unbelievable yeah that's what I know it's like ridiculous

  18. what I know it's like ridiculous what I know it's like ridiculous but but it's so so I watch it and then I but but it's so so I watch it and then I but but it's so so I watch it and then I spend a lot of time reading the comments spend a lot of time reading the comments spend a lot of time reading the comments uh-huh and and the people thanking him uh-huh and and the people thanking him uh-huh and and the people thanking him thank you for for putting this wonderful thank you for for putting this wonderful thank you for for putting this wonderful content out it's like really oh yeah I content out it's like really oh yeah I content out it's like really oh yeah I mean that's that's the crazy thing man mean that's that's the crazy thing man mean that's that's the crazy thing man um I I think um I I think um I I think and and those comments are very telling and and those comments are very telling and and those comments are very telling um you can you can you actually get a um you can you can you actually get a um you can you can you actually get a lot out of the comments and it's usually lot out of the comments and it's usually lot out of the comments and it's usually not not not it's not it it can support your analysis it's not it it can support your analysis it's not it it can support your analysis but it it it typically gives you proof but it it it typically gives you proof but it it it typically gives you proof how how how are departed are departed are departed um a particular Community is from or a um a particular Community is from or a um a particular Community is from or a group of folks are from you know group of folks are from you know group of folks are from you know um sensible thinking or informed um sensible thinking or informed um sensible thinking or informed thinking you know thinking you know thinking you know um um um and and and and so that that's kind of and and and and so that that's kind of and and and and so that that's kind of like the cool thing right and then you like the cool thing right and then you like the cool thing right and then you can see certain communities that are can see certain communities that are can see certain communities that are much more let's say aligned to much more let's say aligned to much more let's say aligned to [Music] [Music] [Music] um something that's more quote unquote um something that's more quote unquote um something that's more quote unquote truthful truthful truthful you know so yeah yeah yeah no I mean you you know so yeah yeah yeah no I mean you you know so yeah yeah yeah no I mean you have to you you literally you have to go have to you you literally you have to go have to you you literally you have to go take uh a look at at that it I'm sorry take uh a look at at that it I'm sorry take uh a look at at that it I'm sorry it's 20 minutes it's 20 minutes long and it's 20 minutes it's 20 minutes long and it's 20 minutes it's 20 minutes long and it was released four days ago oh man it was released four days ago oh man it was released four days ago oh man yeah you know what my problem is this is

  19. yeah you know what my problem is this is yeah you know what my problem is this is I don't like watching those things hey I don't like watching those things hey I don't like watching those things hey what's up Mark hey I don't like watching what's up Mark hey I don't like watching what's up Mark hey I don't like watching those things because I just don't want those things because I just don't want those things because I just don't want to help those folks monetize their crap to help those folks monetize their crap to help those folks monetize their crap uh you know you know it for me I'm like uh you know you know it for me I'm like uh you know you know it for me I'm like if you can if you can make money off of if you can if you can make money off of if you can if you can make money off of fud fud fud D yeah and and for those people that D yeah and and for those people that D yeah and and for those people that don't know fud is fear uncertainty and don't know fud is fear uncertainty and don't know fud is fear uncertainty and doubt yeah um then go by all means go right ahead I um then go by all means go right ahead I mean I I don't think that it's going to mean I I don't think that it's going to mean I I don't think that it's going to I don't think it's going to change I I don't think it's going to change I I don't think it's going to change I mean I've spoken at events where you mean I've spoken at events where you mean I've spoken at events where you know at the end of it I'm like you know know at the end of it I'm like you know know at the end of it I'm like you know are there questions and then you get the are there questions and then you get the are there questions and then you get the people that have been they've just been people that have been they've just been people that have been they've just been sitting there salivating going I can't sitting there salivating going I can't sitting there salivating going I can't wait yeah let me ask the question let me wait yeah let me ask the question let me wait yeah let me ask the question let me ask and they ask a question and so far ask and they ask a question and so far ask and they ask a question and so far off in left field yeah off in left field yeah off in left field yeah that you know I I do one of two things that you know I I do one of two things that you know I I do one of two things um if if I'm feeling if I'm feeling like um if if I'm feeling if I'm feeling like um if if I'm feeling if I'm feeling like you know that was really an uh an un you know that was really an uh an un you know that was really an uh an un informed question yeah informed question yeah informed question yeah yeah then I might rephrase the question yeah then I might rephrase the question yeah then I might rephrase the question for them what you really meant to ask me for them what you really meant to ask me for them what you really meant to ask me was this and what you asked was ridiculous what and what you asked was ridiculous what you really meant to ask me was this and you really meant to ask me was this and you really meant to ask me was this and and I mean you know it it's those types and I mean you know it it's those types and I mean you know it it's those types of things I think that they give of things I think that they give of things I think that they give Credence to the stuff that we're doing Credence to the stuff that we're doing Credence to the stuff that we're doing um because they're so ill-informed and um because they're so ill-informed and um because they're so ill-informed and because they've you know received not because they've you know received not because they've you know received not just misinformation partial truth mixed just misinformation partial truth mixed just misinformation partial truth mixed with [ __ ] you know it just creates with [ __ ] you know it just creates with [ __ ] you know it just creates opportunities for for me to further uh

  20. opportunities for for me to further uh opportunities for for me to further uh enhance the the knowledge and the enhance the the knowledge and the enhance the the knowledge and the position in terms of how you actually do position in terms of how you actually do position in terms of how you actually do this well you know that's the thing I this well you know that's the thing I this well you know that's the thing I think with you know I I told a friend of think with you know I I told a friend of think with you know I I told a friend of mine uh I'm not afraid of generative AI mine uh I'm not afraid of generative AI mine uh I'm not afraid of generative AI because at the end of the day it's gonna because at the end of the day it's gonna because at the end of the day it's gonna pump out so much junk you know because pump out so much junk you know because pump out so much junk you know because of its mass hallucinations that it is of its mass hallucinations that it is of its mass hallucinations that it is going to be you know projecting out into going to be you know projecting out into going to be you know projecting out into um Humanity uh the the only thing that um Humanity uh the the only thing that um Humanity uh the the only thing that is going to matter is is going to matter is is going to matter is Humanity the human part if you can Humanity the human part if you can Humanity the human part if you can somehow surface you know uh your human somehow surface you know uh your human somehow surface you know uh your human differentiation that's what's going to differentiation that's what's going to differentiation that's what's going to stick out now it's going to get drowned stick out now it's going to get drowned stick out now it's going to get drowned it'll have to contend or compete with it'll have to contend or compete with it'll have to contend or compete with all this you know all this you know all this you know hallucinogenic noise hallucinogenic noise hallucinogenic noise but that's the only thing that it will but that's the only thing that it will but that's the only thing that it will eventually be valuable and the things eventually be valuable and the things eventually be valuable and the things that will peek up up from the noise and that will peek up up from the noise and that will peek up up from the noise and and and you know I'm not saying that and and you know I'm not saying that and and you know I'm not saying that it's going to be easy because you know it's going to be easy because you know it's going to be easy because you know like Mark you're saying hey look you like Mark you're saying hey look you like Mark you're saying hey look you know know know um they're kind of like your competitors um they're kind of like your competitors um they're kind of like your competitors in a way they are it's just there's in a way they are it's just there's in a way they are it's just there's going to be this huge flood of junk but going to be this huge flood of junk but going to be this huge flood of junk but um I think that's where human real um I think that's where human real um I think that's where human real creativity real craft real intellect can creativity real craft real intellect can creativity real craft real intellect can can Prevail can Prevail can Prevail um and so in a way I think generative AI um and so in a way I think generative AI um and so in a way I think generative AI can actually create opportunities

  21. can actually create opportunities can actually create opportunities um because people only have so much um because people only have so much um because people only have so much um you know they only have so many um you know they only have so many um you know they only have so many capacity so much capacity to absorb all capacity so much capacity to absorb all capacity so much capacity to absorb all this junk they're going people are this junk they're going people are this junk they're going people are themselves are going to have to put themselves are going to have to put themselves are going to have to put filters on and eventually they're going filters on and eventually they're going filters on and eventually they're going to say where was that where was that to say where was that where was that to say where was that where was that article generated did you write it or article generated did you write it or article generated did you write it or was it GPT you know chat GPT generate if was it GPT you know chat GPT generate if was it GPT you know chat GPT generate if you say it was chat GPT generated and you say it was chat GPT generated and you say it was chat GPT generated and you know there's actual regulations that you know there's actual regulations that you know there's actual regulations that require you to say that people won't require you to say that people won't require you to say that people won't read that stuff they'll say well you read that stuff they'll say well you read that stuff they'll say well you know it has this tendency to hallucinate know it has this tendency to hallucinate know it has this tendency to hallucinate and I don't trust you as a human to have and I don't trust you as a human to have and I don't trust you as a human to have gone and vetted the sources or actually gone and vetted the sources or actually gone and vetted the sources or actually have done the analysis you just cut and have done the analysis you just cut and have done the analysis you just cut and pasted it pasted it pasted it it's going to lose credibility so I it's going to lose credibility so I it's going to lose credibility so I think at a certain point that that's think at a certain point that that's think at a certain point that that's going to become a factor and I I you going to become a factor and I I you going to become a factor and I I you know the thing is that we have you have know the thing is that we have you have know the thing is that we have you have to understand the technology to to understand the technology to to understand the technology to understand the potential of applications understand the potential of applications understand the potential of applications and like I was saying Jensen Wong makes and like I was saying Jensen Wong makes and like I was saying Jensen Wong makes you believe this stuff is just gonna you believe this stuff is just gonna you believe this stuff is just gonna it's like friggin it's the iPhone moment it's like friggin it's the iPhone moment it's like friggin it's the iPhone moment as he puts it and I don't you know I I I as he puts it and I don't you know I I I as he puts it and I don't you know I I I almost drank the Kool-Aid but then I almost drank the Kool-Aid but then I almost drank the Kool-Aid but then I have to keep going back to what Sam have to keep going back to what Sam have to keep going back to what Sam Altman said and then the hallucination Altman said and then the hallucination Altman said and then the hallucination issues and all these things I mean it's issues and all these things I mean it's issues and all these things I mean it's just he lists something scary list of just he lists something scary list of just he lists something scary list of crap man and then he goes oh and by the crap man and then he goes oh and by the crap man and then he goes oh and by the way I'm gonna make it public that's like

  22. if today if today um um um if the content if the content you're if the content if the content you're if the content if the content you're reading is being you know generated you reading is being you know generated you reading is being you know generated you know by like some people cannot tell the know by like some people cannot tell the know by like some people cannot tell the difference you know like if if you if difference you know like if if you if difference you know like if if you if you cannot name so Leonard if you cannot you cannot name so Leonard if you cannot you cannot name so Leonard if you cannot name say a local journalist from your name say a local journalist from your name say a local journalist from your area in San Diego and you know this area in San Diego and you know this area in San Diego and you know this person's style and Mark cannot you know person's style and Mark cannot you know person's style and Mark cannot you know name a journalist from I don't know La name a journalist from I don't know La name a journalist from I don't know La vanguardia in Barcelona that right vanguardia in Barcelona that right vanguardia in Barcelona that right certain way we same thing for everyone certain way we same thing for everyone certain way we same thing for everyone else here we might be able to tell the else here we might be able to tell the else here we might be able to tell the difference because you're like wait a difference because you're like wait a difference because you're like wait a minute like that you know it sounds odd minute like that you know it sounds odd minute like that you know it sounds odd it's not written as let me ask the it's not written as let me ask the it's not written as let me ask the question well there's going to be a lot question well there's going to be a lot question well there's going to be a lot of the uh popular uh you know a big of the uh popular uh you know a big of the uh popular uh you know a big chunk of the population that just will chunk of the population that just will chunk of the population that just will take it for what it is or or or the take it for what it is or or or the take it for what it is or or or the social media effect I saw this article social media effect I saw this article social media effect I saw this article that Uncle Billy liked on Facebook and I that Uncle Billy liked on Facebook and I that Uncle Billy liked on Facebook and I trust Uncle Billy because he's really trust Uncle Billy because he's really trust Uncle Billy because he's really smart and and that's it so that filter smart and and that's it so that filter smart and and that's it so that filter that you were talking about that is that you were talking about that is that you were talking about that is absolutely necessity okay absolutely necessity okay absolutely necessity okay you know it won't be used by by a lot of you know it won't be used by by a lot of you know it won't be used by by a lot of people and that's again and and that's people and that's again and and that's people and that's again and and that's and that's part of the problem it's uh and that's part of the problem it's uh and that's part of the problem it's uh back to scary and fascinating that that thing that you just said there that that thing that you just said there I wholeheartedly agree with but we have I wholeheartedly agree with but we have I wholeheartedly agree with but we have to remember how many people are really to remember how many people are really to remember how many people are really reading these days reading these days reading these days I am we I mean we are we're always I am we I mean we are we're always I am we I mean we are we're always talking about reading don't start yeah talking about reading don't start yeah talking about reading don't start yeah don't don't uh don't overestimate don't

  23. don't don't uh don't overestimate don't don't don't uh don't overestimate don't give uh people too much credit give uh people too much credit give uh people too much credit yeah no I mean really how many people yeah no I mean really how many people yeah no I mean really how many people are reading are reading are reading how many people can do math these days how many people can do math these days how many people can do math these days that too that too that too [ __ ] I mean seriously come on folks no [ __ ] I mean seriously come on folks no [ __ ] I mean seriously come on folks no no you're the nominators without a no you're the nominators without a no you're the nominators without a calculator so talking about calculator so talking about calculator so talking about technology dumbing you down I mean dude technology dumbing you down I mean dude technology dumbing you down I mean dude I my I am proof that technology actually I my I am proof that technology actually I my I am proof that technology actually uh you know uh diminishes human uh you know uh diminishes human uh you know uh diminishes human capability mental capability I can't capability mental capability I can't capability mental capability I can't remember anything remember anything remember anything you know what I'm saying I mean you want you know what I'm saying I mean you want you know what I'm saying I mean you want proof freaking I have everything on my proof freaking I have everything on my proof freaking I have everything on my devices and my brain now is geared devices and my brain now is geared devices and my brain now is geared toward uh just not remembering stuff toward uh just not remembering stuff toward uh just not remembering stuff because it depends on devices and some because it depends on devices and some because it depends on devices and some like you know this whole thing with the like you know this whole thing with the like you know this whole thing with the um you know guardrail service I couldn't um you know guardrail service I couldn't um you know guardrail service I couldn't remember remember remember because you know I'm trained to assume because you know I'm trained to assume because you know I'm trained to assume that I don't need to remember it because that I don't need to remember it because that I don't need to remember it because I could just look it up you know I could just look it up you know I could just look it up you know and it makes me Dumber and it makes me Dumber and it makes me Dumber I used to remember a lot of crap I used I used to remember a lot of crap I used I used to remember a lot of crap I used to be like you know those guys I can to be like you know those guys I can to be like you know those guys I can remember all the stats and all I can't remember all the stats and all I can't remember all the stats and all I can't do that anymore do that anymore do that anymore and maybe that's just getting old I and maybe that's just getting old I and maybe that's just getting old I don't know Bill you want a copy I'm not don't know Bill you want a copy I'm not don't know Bill you want a copy I'm not gonna I'm not gonna say it's getting old gonna I'm not gonna say it's getting old gonna I'm not gonna say it's getting old how many years old that that is 100 that is 100 technology

  24. that that is 100 that is 100 technology driven I mean think about it you know driven I mean think about it you know driven I mean think about it you know um I was talking to I was talking to my um I was talking to I was talking to my um I was talking to I was talking to my daughter she was she was visiting for daughter she was she was visiting for daughter she was she was visiting for spring break spring break spring break and and uh and we were talking about and and uh and we were talking about and and uh and we were talking about phone numbers yeah phone numbers yeah phone numbers yeah don't know anyone's phone number yeah don't know anyone's phone number yeah don't know anyone's phone number yeah there you go I barely remember my home there you go I barely remember my home there you go I barely remember my home you know I would tell my wife call me oh you know I would tell my wife call me oh you know I would tell my wife call me oh yeah that's my number yeah that's my number yeah that's my number I addressed are you gonna tell me you I addressed are you gonna tell me you I addressed are you gonna tell me you don't remember your childhood home don't remember your childhood home don't remember your childhood home number or your parents foot like right number or your parents foot like right number or your parents foot like right now you could just recite it now you could just recite it now you could just recite it I don't know my wife's phone number man I don't know my wife's phone number man I don't know my wife's phone number man and she gets pissed at me she goes and she gets pissed at me she goes and she gets pissed at me she goes [Laughter] [Laughter] [Laughter] [Applause] [Applause] [Applause] I I I I can still remember I can still I I I I can still remember I can still I I I I can still remember I can still remember phone numbers from from then remember phone numbers from from then remember phone numbers from from then but I mean think about it you knew but I mean think about it you knew but I mean think about it you knew people's numbers yeah just yeah people's numbers yeah just yeah people's numbers yeah just yeah foreign search up their name hit press I mean search up their name hit press I mean press send and there it is yeah press send and there it is yeah press send and there it is yeah but look the brain is a muscle and I but look the brain is a muscle and I but look the brain is a muscle and I think if you've you know Leonard if think if you've you know Leonard if think if you've you know Leonard if you've trained it before you can retrain you've trained it before you can retrain you've trained it before you can retrain it again it's no different than it again it's no different than it again it's no different than directions it's like hey I landed in JFK directions it's like hey I landed in JFK directions it's like hey I landed in JFK You're Gonna Take the Long Island You're Gonna Take the Long Island You're Gonna Take the Long Island Express you know go towards Long Island Express you know go towards Long Island Express you know go towards Long Island that's that's East and exit 17 two miles that's that's East and exit 17 two miles that's that's East and exit 17 two miles make the first right that's how we used make the first right that's how we used make the first right that's how we used to do it yeah that Quest came along and

  25. to do it yeah that Quest came along and to do it yeah that Quest came along and we would print it out yeah and you were we would print it out yeah and you were we would print it out yeah and you were looking at the odometer right and then looking at the odometer right and then looking at the odometer right and then Garmin and the GPS and and this and now Garmin and the GPS and and this and now Garmin and the GPS and and this and now like I for one it's I you can put me in like I for one it's I you can put me in like I for one it's I you can put me in New York any day of the week and I know New York any day of the week and I know New York any day of the week and I know which direction I'm going but anywhere which direction I'm going but anywhere which direction I'm going but anywhere else I don't even know where East is or else I don't even know where East is or else I don't even know where East is or west or anywhere yeah west or anywhere yeah west or anywhere yeah but New York is easier right it's like but New York is easier right it's like but New York is easier right it's like in Barcelona yeah which is why they they laid a lot yeah which is why they they laid a lot of the Cities out in grids and they had of the Cities out in grids and they had of the Cities out in grids and they had streets that were one two three four streets that were one two three four streets that were one two three four five six you know what I'm saying well five six you know what I'm saying well five six you know what I'm saying well no it's like that in in Colombia in no it's like that in in Colombia in no it's like that in in Colombia in Colombia all of the addresses are by lat Colombia all of the addresses are by lat Colombia all of the addresses are by lat long long long um um um yeah yeah yeah yeah yeah oh okay yeah yeah yeah yeah yeah yeah oh okay yeah yeah yeah yeah yeah yeah oh okay yeah yeah yeah yeah yeah yeah yeah so it's literally by lat long so you so it's literally by lat long so you so it's literally by lat long so you cannot I mean you navigate to get to a cannot I mean you navigate to get to a cannot I mean you navigate to get to a place that's cool I didn't know that place that's cool I didn't know that place that's cool I didn't know that yeah in fact you know what um I I yeah in fact you know what um I I yeah in fact you know what um I I noticed in Barcelona if you tell the noticed in Barcelona if you tell the noticed in Barcelona if you tell the person the address they actually know person the address they actually know person the address they actually know where it is you know and I was like where it is you know and I was like where it is you know and I was like going how the hell did they do that you going how the hell did they do that you going how the hell did they do that you know and it it it's a it's basically know and it it it's a it's basically know and it it it's a it's basically what you just said bill what you just said bill what you just said bill but you know the thing is that okay yes but you know the thing is that okay yes but you know the thing is that okay yes we can retrain ourselves the brain is a we can retrain ourselves the brain is a we can retrain ourselves the brain is a muscle but the problem is is that we muscle but the problem is is that we muscle but the problem is is that we also succumb just as humans to also succumb just as humans to also succumb just as humans to convenience and when then we lose that convenience and when then we lose that convenience and when then we lose that function you know because you know I

  26. function you know because you know I function you know because you know I noticed my son he knows how to get to noticed my son he knows how to get to noticed my son he knows how to get to the park where he does soccer the park where he does soccer the park where he does soccer if I don't have like GPS dude I'm lost if I don't have like GPS dude I'm lost if I don't have like GPS dude I'm lost but my my son will tell me exactly where but my my son will tell me exactly where but my my son will tell me exactly where it is he can he because you know he it is he can he because you know he it is he can he because you know he doesn't know what GPS is yet doesn't know what GPS is yet doesn't know what GPS is yet but orientation is something different but orientation is something different but orientation is something different right yeah yeah maybe it's something right yeah yeah maybe it's something right yeah yeah maybe it's something that you cannot throw in orientation that you cannot throw in orientation that you cannot throw in orientation right you used to be yeah you can train right you used to be yeah you can train right you used to be yeah you can train right you can take attention yeah um right you can take attention yeah um right you can take attention yeah um it's hard so this is another story so I it's hard so this is another story so I it's hard so this is another story so I wanted to actually yeah this discussion wanted to actually yeah this discussion wanted to actually yeah this discussion is super interesting but I how is this is super interesting but I how is this is super interesting but I how is this related with something that we were related with something that we were related with something that we were talking 100 episodes ago talking 100 episodes ago talking 100 episodes ago Rob was mentioning I won my own digital Rob was mentioning I won my own digital Rob was mentioning I won my own digital twin twin twin so like my digital assistant so is this so like my digital assistant so is this so like my digital assistant so is this GPT X thing GPT X thing GPT X thing will be connected with the Rock's will be connected with the Rock's will be connected with the Rock's digital personal twin that's a good digital personal twin that's a good digital personal twin that's a good question you know and everyone was like question you know and everyone was like question you know and everyone was like yes we want this but now no I don't want yes we want this but now no I don't want yes we want this but now no I don't want to watch this thing the last thing about to watch this thing the last thing about to watch this thing the last thing about everyone's it's a Live digital twin of everyone's it's a Live digital twin of everyone's it's a Live digital twin of him that doesn't sleep that's the last him that doesn't sleep that's the last him that doesn't sleep that's the last thing he needs dude Deepak Chopra thing he needs dude Deepak Chopra thing he needs dude Deepak Chopra already has one man already has one man already has one man that's how he's scaling out his that's how he's scaling out his that's how he's scaling out his guru-ness is uh he has he has like a guru-ness is uh he has he has like a guru-ness is uh he has he has like a yeah and um I I I talked to him at the yeah and um I I I talked to him at the yeah and um I I I talked to him at the um what is it the friggin uh Milken um what is it the friggin uh Milken um what is it the friggin uh Milken conference and uh I went to one of his

  27. conference and uh I went to one of his conference and uh I went to one of his presentations and listened to him about presentations and listened to him about presentations and listened to him about metaverse and of course you know he's metaverse and of course you know he's metaverse and of course you know he's talking about metaverse calling it the talking about metaverse calling it the talking about metaverse calling it the greatest thing in the world now you see greatest thing in the world now you see greatest thing in the world now you see all these you know articles talking all these you know articles talking all these you know articles talking about how metaverse is dead now which is about how metaverse is dead now which is about how metaverse is dead now which is funny so much for funny so much for funny so much for um foresight um foresight um foresight but yes yeah you know that's one you but yes yeah you know that's one you but yes yeah you know that's one you know chalk one up for you know Chopra know chalk one up for you know Chopra know chalk one up for you know Chopra getting it wrong but anyways getting it wrong but anyways getting it wrong but anyways um uh yeah he has a digital twin man and um uh yeah he has a digital twin man and um uh yeah he has a digital twin man and on the other hand how many people are on the other hand how many people are on the other hand how many people are going to use GPT when it's gonna be going to use GPT when it's gonna be going to use GPT when it's gonna be premium premium premium some people will I I think people will some people will I I think people will some people will I I think people will yeah of course some people will but no yeah of course some people will but no yeah of course some people will but no definitely like 20 percent of all the definitely like 20 percent of all the definitely like 20 percent of all the people that today is using it but I people that today is using it but I people that today is using it but I think people will also switch you know think people will also switch you know think people will also switch you know with with uh with uh Bard being released with with uh with uh Bard being released with with uh with uh Bard being released here one of these days it's an here one of these days it's an here one of these days it's an invitation right now I think there will invitation right now I think there will invitation right now I think there will be you know one people are gonna go I'll be you know one people are gonna go I'll be you know one people are gonna go I'll take the free okay freemium and when take the free okay freemium and when take the free okay freemium and when that starts charging I go to the next that starts charging I go to the next that starts charging I go to the next one because they're gonna be you know one because they're gonna be you know one because they're gonna be you know similar models uh but I don't know I similar models uh but I don't know I similar models uh but I don't know I think the power users will definitely think the power users will definitely think the power users will definitely um um um you know pay for it yeah yeah I mean you you know pay for it yeah yeah I mean you you know pay for it yeah yeah I mean you know it's it's basically gonna be know it's it's basically gonna be know it's it's basically gonna be um I can see how it can be used as a um I can see how it can be used as a um I can see how it can be used as a tool tool tool um again the thing is is that um again the thing is is that um again the thing is is that um it enables you to create a massive um it enables you to create a massive um it enables you to create a massive amount or you know Humanity to amount or you know Humanity to amount or you know Humanity to collectively produce a massive amount of

  28. collectively produce a massive amount of collectively produce a massive amount of stuff stuff stuff how how how well how much effort is actually put well how much effort is actually put well how much effort is actually put into into into um validating and preventing um validating and preventing um validating and preventing um hallucinations from basically um hallucinations from basically um hallucinations from basically um overrunning the internet that's the um overrunning the internet that's the um overrunning the internet that's the big question right and so this is where big question right and so this is where big question right and so this is where I was saying there's a great there's I was saying there's a great there's I was saying there's a great there's going to be a great opportunity going to be a great opportunity going to be a great opportunity responsible Ai and part of that responsible Ai and part of that responsible Ai and part of that responsible AI is probably going to be responsible AI is probably going to be responsible AI is probably going to be um uh you know [ __ ] cleanup um uh you know [ __ ] cleanup um uh you know [ __ ] cleanup how do you tell what is crap and what's how do you tell what is crap and what's how do you tell what is crap and what's not you know not you know not you know um being able to go directly to sources um being able to go directly to sources um being able to go directly to sources because you know I I'm telling you because you know I I'm telling you because you know I I'm telling you people are getting excited about as people are getting excited about as people are getting excited about as technology I used it so I'm not just technology I used it so I'm not just technology I used it so I'm not just like pulling stuff out of my ass and like pulling stuff out of my ass and like pulling stuff out of my ass and just being critical I mean the thing just being critical I mean the thing just being critical I mean the thing stuff does not work right for certain stuff does not work right for certain stuff does not work right for certain things it absolutely just comes back things it absolutely just comes back things it absolutely just comes back with complete it just makes crap up that with complete it just makes crap up that with complete it just makes crap up that is fundamentally wrong you know maybe this is exactly what you know maybe this is exactly what Humanity needs a in an automated way of Humanity needs a in an automated way of Humanity needs a in an automated way of putting wrong content out that's going putting wrong content out that's going putting wrong content out that's going to force us to actually read critically to force us to actually read critically to force us to actually read critically think and then get to a conclusion based think and then get to a conclusion based think and then get to a conclusion based on what I know and checking facts maybe on what I know and checking facts maybe on what I know and checking facts maybe it's going to be time consuming but it's going to be time consuming but it's going to be time consuming but maybe this is going to save us all maybe this is going to save us all maybe this is going to save us all but they maintain what I said some

  29. but they maintain what I said some but they maintain what I said some episodes ago about like humans also do episodes ago about like humans also do episodes ago about like humans also do that so I'm tired of sales people that so I'm tired of sales people that so I'm tired of sales people selling things that they don't have any selling things that they don't have any selling things that they don't have any clue or they don't have any experience clue or they don't have any experience clue or they don't have any experience or like look the the TV commercials that or like look the the TV commercials that or like look the the TV commercials that they sell knives and a lot of this they sell knives and a lot of this they sell knives and a lot of this [ __ ] right on TV yeah [ __ ] right on TV yeah [ __ ] right on TV yeah um this time so yeah usually some of um this time so yeah usually some of um this time so yeah usually some of these products are crap but they I don't these products are crap but they I don't these products are crap but they I don't know yeah it's good looking at on the know yeah it's good looking at on the know yeah it's good looking at on the first impression right yeah scratch a first impression right yeah scratch a first impression right yeah scratch a little bit you see but so humans are little bit you see but so humans are little bit you see but so humans are already yeah why do you blame about already yeah why do you blame about already yeah why do you blame about machines doing exactly the same machines doing exactly the same machines doing exactly the same think about this though now they have think about this though now they have think about this though now they have been armed with a a weapon of mass been armed with a a weapon of mass been armed with a a weapon of mass destruction destruction destruction basically you know step up their game basically you know step up their game basically you know step up their game like times a thousand like times a thousand like times a thousand yeah yeah I mean for real the people yeah yeah I mean for real the people yeah yeah I mean for real the people like what you said the people who are like what you said the people who are like what you said the people who are going to pay for this thing are going to going to pay for this thing are going to going to pay for this thing are going to be exactly those people because you know be exactly those people because you know be exactly those people because you know what what what they gotta get as much crap out there as they gotta get as much crap out there as they gotta get as much crap out there as possible you know and if they can get a possible you know and if they can get a possible you know and if they can get a chat gpt's help to basically regurgitate chat gpt's help to basically regurgitate chat gpt's help to basically regurgitate all the marketing material out there and all the marketing material out there and all the marketing material out there and come up with new variations of the same come up with new variations of the same come up with new variations of the same crap and well that that's what that's crap and well that that's what that's crap and well that that's what that's what in my opinion that's the real thing um it it and so if correct me if I'm um it it and so if correct me if I'm wrong

  30. wrong wrong um um um let's see yeah uh open AI is owned by let's see yeah uh open AI is owned by let's see yeah uh open AI is owned by Microsoft Microsoft Microsoft uh who uh who uh who Microsoft does Microsoft own open Ai No Microsoft does Microsoft own open Ai No Microsoft does Microsoft own open Ai No they're an investor investor but they they're an investor investor but they they're an investor investor but they are very large majority investor yeah on are very large majority investor yeah on are very large majority investor yeah on the order of like 10 billion dollars or the order of like 10 billion dollars or the order of like 10 billion dollars or something yeah yeah yeah that that that that that is the death that that that that that is the death if if if if it if it ever moves beyond if if if if it if it ever moves beyond if if if if it if it ever moves beyond that that is the death open AI will be that that is the death open AI will be that that is the death open AI will be gone we won't have to worry about it Frankenstein for for Microsoft I mean Frankenstein for for Microsoft I mean you know they really have to they should you know they really have to they should you know they really have to they should I mean it's like how again I'm gonna go I mean it's like how again I'm gonna go I mean it's like how again I'm gonna go back to how do you reconcile what Sam back to how do you reconcile what Sam back to how do you reconcile what Sam Altman says which is you know ends up Altman says which is you know ends up Altman says which is you know ends up being like really freaky you know being like really freaky you know being like really freaky you know horrific stuff quite honestly with what horrific stuff quite honestly with what horrific stuff quite honestly with what companies are doing with it you know and companies are doing with it you know and companies are doing with it you know and I don't mean just you know GPT four or I don't mean just you know GPT four or I don't mean just you know GPT four or three or whatever the craze and how all three or whatever the craze and how all three or whatever the craze and how all you know it's not just Microsoft the you know it's not just Microsoft the you know it's not just Microsoft the other ends are going bonkers with this other ends are going bonkers with this other ends are going bonkers with this stuff stuff stuff um I don't know there is no there nobody um I don't know there is no there nobody um I don't know there is no there nobody has bridged The Divide do you know what has bridged The Divide do you know what has bridged The Divide do you know what I'm saying where are the tools where are I'm saying where are the tools where are I'm saying where are the tools where are the the the the the the the the the um where are the regulations I mean the

  31. um where are the regulations I mean the um where are the regulations I mean the guy's even calling for regulation it's guy's even calling for regulation it's guy's even calling for regulation it's like hey regular Regulators you guys like hey regular Regulators you guys like hey regular Regulators you guys have to figure this out it's like good have to figure this out it's like good have to figure this out it's like good luck Regulators don't react until luck Regulators don't react until luck Regulators don't react until massive damage has already occurred massive damage has already occurred massive damage has already occurred right so right so right so you know do you know what I'm saying I you know do you know what I'm saying I you know do you know what I'm saying I really struggle with how that is why I'm really struggle with how that is why I'm really struggle with how that is why I'm telling you everyone's going to be telling you everyone's going to be telling you everyone's going to be talking about responsible AI as the talking about responsible AI as the talking about responsible AI as the damage is happening at Mass you know and damage is happening at Mass you know and damage is happening at Mass you know and then you know the and again I'm gonna go then you know the and again I'm gonna go then you know the and again I'm gonna go back to what he said it it maybe it will back to what he said it it maybe it will back to what he said it it maybe it will do a few things very well to give you do a few things very well to give you do a few things very well to give you the misleading impression of greatness the misleading impression of greatness the misleading impression of greatness so that means that the benefit potential so that means that the benefit potential so that means that the benefit potential is very small and the rest of it is just is very small and the rest of it is just is very small and the rest of it is just you know hallucinations you know what I'm saying it's like how you know what I'm saying it's like how do you reconcile that math people do you reconcile that math people do you reconcile that math people I and you know and I'm telling you it's I and you know and I'm telling you it's I and you know and I'm telling you it's like I listen if you look at it from a like I listen if you look at it from a like I listen if you look at it from a technology purely technological technology purely technological technology purely technological perspective dude that's some heavy perspective dude that's some heavy perspective dude that's some heavy Kool-Aid you drink that stuff any lay Kool-Aid you drink that stuff any lay Kool-Aid you drink that stuff any lay person is gonna drink that stuff do you know what I'm saying I'm saying do you know what I'm saying I'm saying she's like she's like she's like [Music] [Music] [Music] it's like for real it's like for real it's like for real yeah I saw this my morning so like uh 10 yeah I saw this my morning so like uh 10 yeah I saw this my morning so like uh 10 hours ago some AI generated pictures of

  32. hours ago some AI generated pictures of hours ago some AI generated pictures of how the police is gonna catch Donald how the police is gonna catch Donald how the police is gonna catch Donald Trump did you see that Trump did you see that Trump did you see that and there are four different pictures AI and there are four different pictures AI and there are four different pictures AI generated generated generated of the police catching uh Donald Trump of the police catching uh Donald Trump of the police catching uh Donald Trump here running in front of the police and here running in front of the police and here running in front of the police and it's still [ __ ] amazing it's still [ __ ] amazing it's still [ __ ] amazing so yeah and how are you gonna so people so yeah and how are you gonna so people so yeah and how are you gonna so people can uh can think that this is real no can uh can think that this is real no can uh can think that this is real no how can uh it will be hard like a how can uh it will be hard like a how can uh it will be hard like a picture a video that it's AI generated picture a video that it's AI generated picture a video that it's AI generated how can you convince people that this is how can you convince people that this is how can you convince people that this is not true yeah because my mom the not true yeah because my mom the not true yeah because my mom the scariest thing that she's ever said to scariest thing that she's ever said to scariest thing that she's ever said to me is like hey you should you know I I me is like hey you should you know I I me is like hey you should you know I I asked her I was just like how do you asked her I was just like how do you asked her I was just like how do you know this is true she goes well it was know this is true she goes well it was know this is true she goes well it was on YouTube on YouTube on YouTube [Laughter] yeah a lot of this crap is not real yeah a lot of this crap is not real right I mean some of it is just it's right I mean some of it is just it's right I mean some of it is just it's just complete BS he goes oh well you just complete BS he goes oh well you just complete BS he goes oh well you know oh you say that but I was like no know oh you say that but I was like no know oh you say that but I was like no no no I I I'm in the industry you know no no I I I'm in the industry you know no no I I I'm in the industry you know because she tries to lecture me on all because she tries to lecture me on all because she tries to lecture me on all the tech companies and stuff like that the tech companies and stuff like that the tech companies and stuff like that I I told you I told you there are there I I told you I told you there are there I I told you I told you there are there are things that we need to make Staples are things that we need to make Staples are things that we need to make Staples for iot coffee talk one of them is is is for iot coffee talk one of them is is is for iot coffee talk one of them is is is is is you know fallacy Fridays that's a is is you know fallacy Fridays that's a is is you know fallacy Fridays that's a real thing okay and the other one is real thing okay and the other one is real thing okay and the other one is give me the mic that [ __ ] will never give me the mic that [ __ ] will never give me the mic that [ __ ] will never work we need to we need to come on we have to we need to we need to come on we have to get Stephanie to make t-shirts you know

  33. get Stephanie to make t-shirts you know get Stephanie to make t-shirts you know so we have the iot coffee talk in the so we have the iot coffee talk in the so we have the iot coffee talk in the front and then the hashtag in the back front and then the hashtag in the back front and then the hashtag in the back you know you know you know [Laughter] [Laughter] [Laughter] yes yeah yes yeah yes yeah um but hey going back to your question um but hey going back to your question um but hey going back to your question um Mark um Mark um Mark um yeah man um yeah man um yeah man um degenerative AI stuff is interesting um degenerative AI stuff is interesting um degenerative AI stuff is interesting there's a lot of questions that haven't there's a lot of questions that haven't there's a lot of questions that haven't been asked been asked been asked um and one of them is that um and one of them is that um and one of them is that um there's a lot of talking about um there's a lot of talking about um there's a lot of talking about personalization that the these guys like personalization that the these guys like personalization that the these guys like I guess like the beings and the bards of I guess like the beings and the bards of I guess like the beings and the bards of the world they want to be able to the world they want to be able to the world they want to be able to personalize the responses to the the I personalize the responses to the the I personalize the responses to the the I guess the account or the person that's guess the account or the person that's guess the account or the person that's you know you know you know that it it could be very very creepy that it it could be very very creepy that it it could be very very creepy um I mean this is like um I mean this is like um I mean this is like really really I think a lot of people really really I think a lot of people really really I think a lot of people have to ask questions about this and have to ask questions about this and have to ask questions about this and talking about digital twin one of the talking about digital twin one of the talking about digital twin one of the companies that I saw at um companies that I saw at um companies that I saw at um E3 about four years ago it has a is E3 about four years ago it has a is E3 about four years ago it has a is developing a platform or did develop a developing a platform or did develop a developing a platform or did develop a platform or gaming platform called platform or gaming platform called platform or gaming platform called um um um uh proxy and it's one of those massive uh proxy and it's one of those massive uh proxy and it's one of those massive free you know open world type games but free you know open world type games but free you know open world type games but one of the really disturbing things that one of the really disturbing things that one of the really disturbing things that I heard was that that part of what I heard was that that part of what I heard was that that part of what they're trying to do and this is like

  34. they're trying to do and this is like they're trying to do and this is like pre-metaverse nonsense right is pre-metaverse nonsense right is pre-metaverse nonsense right is profiling your psyche profiling your psyche profiling your psyche by your interactions in that world God this is real or not yeah I know and God this is real or not yeah I know and then you know I saw on Twitter there's then you know I saw on Twitter there's then you know I saw on Twitter there's like some left-wing weird like some left-wing weird like some left-wing weird um account that publishes a bunch of um account that publishes a bunch of um account that publishes a bunch of fake stuff I mean they just basically go fake stuff I mean they just basically go fake stuff I mean they just basically go breaking news you know oh my God that's awesome that that's oh my God that's awesome that that's crazy see yeah I mean so we already have crazy see yeah I mean so we already have crazy see yeah I mean so we already have the the problem you know this is this is the the problem you know this is this is the the problem you know this is this is already the problem I mean with text no already the problem I mean with text no already the problem I mean with text no on content as we mentioned before you on content as we mentioned before you on content as we mentioned before you can more or less you know the that it's can more or less you know the that it's can more or less you know the that it's not real or not not correct but with not real or not not correct but with not real or not not correct but with images images images how can you prove yeah and then when the how can you prove yeah and then when the how can you prove yeah and then when the sources like sources like sources like journalists start to use the tool and journalists start to use the tool and journalists start to use the tool and they get lazy because they're under they get lazy because they're under they get lazy because they're under pressure to pump out as many articles as pressure to pump out as many articles as pressure to pump out as many articles as possible it happens there are a lot of possible it happens there are a lot of possible it happens there are a lot of Publications and Outlets that are under Publications and Outlets that are under Publications and Outlets that are under pressure to put as many pressure to put as many pressure to put as many um articles out as possible to get the um articles out as possible to get the um articles out as possible to get the clicks do you know what I'm saying yeah I don't know man where's where's the I don't know man where's where's the benefit benefit benefit where's the benefit to humanity other

  35. where's the benefit to humanity other where's the benefit to humanity other than making it much easier for people than making it much easier for people than making it much easier for people crap generators to create even more crap crap generators to create even more crap crap generators to create even more crap yeah but going back to the digital twin yeah but going back to the digital twin yeah but going back to the digital twin yeah I mean so what does this mean I yeah I mean so what does this mean I yeah I mean so what does this mean I have personalizing the chat chat have personalizing the chat chat have personalizing the chat chat responses degenerative AI responses to responses degenerative AI responses to responses degenerative AI responses to the user the user the user that means they're gonna profile that means they're gonna profile that means they're gonna profile you and here's a creepy thing we don't you and here's a creepy thing we don't you and here's a creepy thing we don't as humans I don't think and correct me as humans I don't think and correct me as humans I don't think and correct me if I'm wrong we don't express ourselves if I'm wrong we don't express ourselves if I'm wrong we don't express ourselves in writing and in speech in writing and in speech in writing and in speech um you know one thousand percent you um you know one thousand percent you um you know one thousand percent you know we always put out a certain kind of know we always put out a certain kind of know we always put out a certain kind of persona that may not actually be us persona that may not actually be us persona that may not actually be us you know it's called acting you know um I mean just look at a you you know um I mean just look at a you know if you take a CEO's a bunch of CEOs know if you take a CEO's a bunch of CEOs know if you take a CEO's a bunch of CEOs Keynotes and stuff like that you know if Keynotes and stuff like that you know if Keynotes and stuff like that you know if you think that you're actually getting you think that you're actually getting you think that you're actually getting the personality individual you're high the personality individual you're high the personality individual you're high on crack you know uh the the what they on crack you know uh the the what they on crack you know uh the the what they say and what they put out into the ether say and what they put out into the ether say and what they put out into the ether is very tightly controlled right uh in is very tightly controlled right uh in is very tightly controlled right uh in other words they cannot be an [ __ ] other words they cannot be an [ __ ] other words they cannot be an [ __ ] right but they may be the biggest right but they may be the biggest right but they may be the biggest [ __ ] you ever met in real life to get [ __ ] you ever met in real life to get [ __ ] you ever met in real life to get there right right it's theater so that there right right it's theater so that there right right it's theater so that that becomes the reality of the AI that becomes the reality of the AI that becomes the reality of the AI and it treats you based on what you say

  36. and it treats you based on what you say and it treats you based on what you say so a lot of people tend to be a lot so a lot of people tend to be a lot so a lot of people tend to be a lot loose and if it's not another person loose and if it's not another person loose and if it's not another person they could be quite you know maybe they could be quite you know maybe they could be quite you know maybe threatening or abusive to the AI that threatening or abusive to the AI that threatening or abusive to the AI that that all of a sudden that becomes your that all of a sudden that becomes your that all of a sudden that becomes your profile what gets profiled and profile what gets profiled and profile what gets profiled and the public generative AI engine I mean the public generative AI engine I mean the public generative AI engine I mean that's kind of scary and that so digital that's kind of scary and that so digital that's kind of scary and that so digital um digital twinning um digital twinning um digital twinning where where where the the the I'm glad you brought this up this is a I'm glad you brought this up this is a I'm glad you brought this up this is a genius man where the um sensor has not genius man where the um sensor has not genius man where the um sensor has not been calibrated correctly so it's been calibrated correctly so it's been calibrated correctly so it's getting bad data off of the actual getting bad data off of the actual getting bad data off of the actual physical twin yeah and it physical twin yeah and it physical twin yeah and it that's a good point but we get victims that's a good point but we get victims that's a good point but we get victims as individuals because it doesn't know as individuals because it doesn't know as individuals because it doesn't know everything about us right but whatever everything about us right but whatever everything about us right but whatever its understanding is that its understanding is that its understanding is that whatever moment in time is it's truth whatever moment in time is it's truth whatever moment in time is it's truth right and that truth evolves over time right and that truth evolves over time right and that truth evolves over time obviously but you become a victim of obviously but you become a victim of obviously but you become a victim of um what it thinks of you at any point in um what it thinks of you at any point in um what it thinks of you at any point in time and all at every point in time it time and all at every point in time it time and all at every point in time it can be completely incorrect about who can be completely incorrect about who can be completely incorrect about who you are you are you are so so so by missing so you have you have an by missing so you have you have an by missing so you have you have an opportunity for for personal ransomware opportunity for for personal ransomware opportunity for for personal ransomware thank you

  37. that oh okay you want to drop the mic that oh okay you want to drop the mic now you need a bit you need this mic dude you need a bit you need this mic dude you can create like a little jpeg or you can create like a little jpeg or you can create like a little jpeg or whatever drop you just drop the mic you dropped drop you just drop the mic you dropped the bomb on generative AI yeah the bomb on generative AI yeah the bomb on generative AI yeah but that that that's how they monetize but that that that's how they monetize but that that that's how they monetize this stuff dude they can't do it like oh this stuff dude they can't do it like oh this stuff dude they can't do it like oh generic you know chat GPT blah blah blah generic you know chat GPT blah blah blah generic you know chat GPT blah blah blah they got it the only way they can they got it the only way they can they got it the only way they can monetize is that they're going to be monetize is that they're going to be monetize is that they're going to be targeting certain things at you targeting certain things at you targeting certain things at you you know the and and that that takes a you know the and and that that takes a you know the and and that that takes a form of some sort of bias right form of some sort of bias right form of some sort of bias right that they're going to incorporate that they're going to incorporate that they're going to incorporate somehow either through an advertisement somehow either through an advertisement somehow either through an advertisement or the response it's actual response or the response it's actual response or the response it's actual response you know because what do we do in search you know because what do we do in search you know because what do we do in search they have the sponsored ad that they they have the sponsored ad that they they have the sponsored ad that they stick at the very top it's exactly the stick at the very top it's exactly the stick at the very top it's exactly the same same same thing thing thing um guys man this is why I love this show um guys man this is why I love this show um guys man this is why I love this show man you we we we trip on uh you know we man you we we we trip on uh you know we man you we we we trip on uh you know we trip on intellect and come up with some trip on intellect and come up with some trip on intellect and come up with some really you know actually very cool stuff really you know actually very cool stuff really you know actually very cool stuff this is this is this is everyone should watch this episode everyone should watch this episode everyone should watch this episode and but then yeah I think we discussed and but then yeah I think we discussed and but then yeah I think we discussed this like 100 episodes ago as well so if this like 100 episodes ago as well so if this like 100 episodes ago as well so if you have your own digital twin or your you have your own digital twin or your you have your own digital twin or your or you use GPT every day you should pay or you use GPT every day you should pay or you use GPT every day you should pay taxes for that right taxes for that right taxes for that right you should they so you have like an you should they so you have like an you should they so you have like an employee an employee that works for you employee an employee that works for you employee an employee that works for you right so you should say something for

  38. right so you should say something for right so you should say something for the taxes someone what do you think what do you think um robots pay taxes I don't know um robots pay taxes I don't know um robots pay taxes I don't know um maybe I mean I do have that buddy um maybe I mean I do have that buddy um maybe I mean I do have that buddy that that that um he put sensors on a a plant a mint um he put sensors on a a plant a mint um he put sensors on a a plant a mint plant and then it somehow made money plant and then it somehow made money plant and then it somehow made money gave it sort of its own personal gave it sort of its own personal gave it sort of its own personal identity what no remember the nft it identity what no remember the nft it identity what no remember the nft it meant the nft meant the nft meant the nft basically art creates art based off basically art creates art based off basically art creates art based off that's conditioned that's conditioned that's conditioned and it generates money so yeah it should and it generates money so yeah it should and it generates money so yeah it should be taxed so a mint plant should be taxed be taxed so a mint plant should be taxed be taxed so a mint plant should be taxed and you know and you know and you know um I mean if you generate money yes yeah um I mean if you generate money yes yeah um I mean if you generate money yes yeah I don't know the uh if you if you mind I don't know the uh if you if you mind I don't know the uh if you if you mind any crypto you order anything money so any crypto you order anything money so any crypto you order anything money so you pay taxes for that unless you live you pay taxes for that unless you live you pay taxes for that unless you live in a country that that or cryptos are in a country that that or cryptos are in a country that that or cryptos are not taxable but not taxable but not taxable but now you I think this is exactly the same now you I think this is exactly the same now you I think this is exactly the same right yeah you're you're uh you're right yeah you're you're uh you're right yeah you're you're uh you're you're I I think you're you're talking you're I I think you're you're talking you're I I think you're you're talking about prom that we'll have to deal with about prom that we'll have to deal with about prom that we'll have to deal with when we get there when we get there when we get there that's like brain exploding stuff mark I mean but aren't they trying to take us I mean but aren't they trying to take us there with web three and all of that there with web three and all of that there with web three and all of that other stuff right yeah yeah yeah

  39. other stuff right yeah yeah yeah other stuff right yeah yeah yeah oh we might get there I mean those are oh we might get there I mean those are oh we might get there I mean those are all like yours but it all has to do with all like yours but it all has to do with all like yours but it all has to do with that thing you know just that thing you know just that thing you know just um rights and jurisdiction right um rights and jurisdiction right um rights and jurisdiction right it's like a whole governance thing but it's like a whole governance thing but it's like a whole governance thing but the problem with humanity is we're we're the problem with humanity is we're we're the problem with humanity is we're we're Bible Bible Bible and those tribal conflicts as much as we and those tribal conflicts as much as we and those tribal conflicts as much as we like you know want to be open in Kumbaya like you know want to be open in Kumbaya like you know want to be open in Kumbaya man like look what's happening in the man like look what's happening in the man like look what's happening in the world right now world right now world right now 5G might not even 5G might not even end 5G might not even 5G might not even end 5G might not even 5G might not even end up as a single standard it might get up as a single standard it might get up as a single standard it might get divided into China and non-china divided into China and non-china divided into China and non-china you know foreign political of the of the political of the of the Telecommunications Telecommunications Telecommunications yeah I mean and I didn't think on that yeah I mean and I didn't think on that yeah I mean and I didn't think on that way uh before but it that was way uh before but it that was way uh before but it that was interesting so like interesting so like interesting so like four-way uh maybe I I will say something four-way uh maybe I I will say something four-way uh maybe I I will say something wrong so I'm happy that that you correct wrong so I'm happy that that you correct wrong so I'm happy that that you correct me but Huawei invented nviot me but Huawei invented nviot me but Huawei invented nviot so nbiot comes from China so nbiot comes from China so nbiot comes from China no and then no that's not correct and no and then no that's not correct and no and then no that's not correct and not all the lpms not all the lpms not all the lpms they bought it it's their contribution they bought it it's their contribution they bought it it's their contribution to the 3gpp standards it was a actually to the 3gpp standards it was a actually to the 3gpp standards it was a actually I think it was a UK so someone else is I think it was a UK so someone else is I think it was a UK so someone else is going to correct me going to correct me going to correct me uh it was a YouTube if you're watching uh it was a YouTube if you're watching uh it was a YouTube if you're watching something that they acquired they Acquired and that they acquired they Acquired and then the technology they contributed to then the technology they contributed to then the technology they contributed to 3gpp so in a way you're kind of right

  40. 3gpp so in a way you're kind of right 3gpp so in a way you're kind of right basically it was pushed from China right basically it was pushed from China right basically it was pushed from China right and then so American and then so American and then so American um telcos or or Western telcos you don't um telcos or or Western telcos you don't um telcos or or Western telcos you don't want that so they pushed towards LTM want that so they pushed towards LTM want that so they pushed towards LTM Capital One or whatever uh technology Capital One or whatever uh technology Capital One or whatever uh technology different so as as uh not competing but different so as as uh not competing but different so as as uh not competing but they are kind of complementary with they are kind of complementary with they are kind of complementary with mbiot so there is like a war of okay do mbiot so there is like a war of okay do mbiot so there is like a war of okay do you want like to use Chinese technology you want like to use Chinese technology you want like to use Chinese technology on Telco or or not Chinese technology I on Telco or or not Chinese technology I on Telco or or not Chinese technology I saw similar things with with as well saw similar things with with as well saw similar things with with as well like mqtt broker how do you want to use like mqtt broker how do you want to use like mqtt broker how do you want to use like the one made like a Chinese company like the one made like a Chinese company like the one made like a Chinese company or by the European company yeah or by the European company yeah or by the European company yeah I started to see the geopolitical thing I started to see the geopolitical thing I started to see the geopolitical thing on technology these days oh it's on technology these days oh it's on technology these days oh it's happening big time uh but you know what happening big time uh but you know what happening big time uh but you know what I'm saying uh so how do you how do you I'm saying uh so how do you how do you I'm saying uh so how do you how do you expect Bitcoin and cryptos to unify the expect Bitcoin and cryptos to unify the expect Bitcoin and cryptos to unify the world I mean it just doesn't work that world I mean it just doesn't work that world I mean it just doesn't work that way it it gets used for a certain way it it gets used for a certain way it it gets used for a certain purpose but it cannot be a global fabric purpose but it cannot be a global fabric purpose but it cannot be a global fabric you know for society and economy it you know for society and economy it you know for society and economy it serves related to this sorry I got lost serves related to this sorry I got lost serves related to this sorry I got lost wow Bitcoin is related with this I got wow Bitcoin is related with this I got wow Bitcoin is related with this I got lost no no no because a lot of you know lost no no no because a lot of you know lost no no no because a lot of you know what was this point Bitcoin is going to what was this point Bitcoin is going to what was this point Bitcoin is going to supplant all uh Fiat currencies right supplant all uh Fiat currencies right supplant all uh Fiat currencies right but that's not the case the only way it but that's not the case the only way it but that's not the case the only way it can happen say that sorry oh it's gonna can happen say that sorry oh it's gonna can happen say that sorry oh it's gonna replace the Fiat currencies sorry uh replace the Fiat currencies sorry uh replace the Fiat currencies sorry uh pretty much every crypto person

  41. pretty much every crypto person pretty much every crypto person um like um like um like um anywhere between uh 201 uh um anywhere between uh 201 uh um anywhere between uh 201 uh 2010 to okay this is wrong so let's 2010 to okay this is wrong so let's 2010 to okay this is wrong so let's let's uh continue with all the yeah let's uh continue with all the yeah let's uh continue with all the yeah don't read things from people who just don't read things from people who just don't read things from people who just copy and paste from chat copy and paste from chat copy and paste from chat [Laughter] [Laughter] [Laughter] oh no this is me listening to people up oh no this is me listening to people up oh no this is me listening to people up on stage at these uh a crypto blockchain on stage at these uh a crypto blockchain on stage at these uh a crypto blockchain conferences man oh oh they're they're conferences man oh oh they're they're conferences man oh oh they're they're crypto influencers yeah you remember no you don't remember but you remember no you don't remember but you have seen movies of in in the you have seen movies of in in the you have seen movies of in in the western right 200 years ago uh no these western right 200 years ago uh no these western right 200 years ago uh no these guys arriving on on the villages in in guys arriving on on the villages in in guys arriving on on the villages in in the west coast in the U.S selling these the west coast in the U.S selling these the west coast in the U.S selling these um um um I don't know whatever that makes you to I don't know whatever that makes you to I don't know whatever that makes you to to have more hair or uh or selling you to have more hair or uh or selling you to have more hair or uh or selling you this medicine like um the spray the this medicine like um the spray the this medicine like um the spray the spray this is the same type of crypto spray this is the same type of crypto spray this is the same type of crypto influences yeah yeah exactly snake oil influences yeah yeah exactly snake oil influences yeah yeah exactly snake oil sales people is what they are snake oil sales people is what they are snake oil sales people is what they are snake oil yeah snake oil you rub it on and yeah snake oil you rub it on and yeah snake oil you rub it on and everything gets cured so yeah yeah so everything gets cured so yeah yeah so everything gets cured so yeah yeah so it's the same I think they are the same it's the same I think they are the same it's the same I think they are the same people dude you asked the best questions people dude you asked the best questions people dude you asked the best questions man I mean you know man I mean you know man I mean you know yeah I'm not taking any away from you

  42. yeah I'm not taking any away from you yeah I'm not taking any away from you bill because you you have the best bill because you you have the best bill because you you have the best answers but answers but answers but they're they're actually really um they're they're actually really um they're they're actually really um thought provoking but hey I got a jam thought provoking but hey I got a jam thought provoking but hey I got a jam are you guys you guys are you guys you guys are you guys you guys um um um it's all right let's go but it was great great show hey uh to but it was great great show hey uh to RIT Coffee Talk listeners and viewers uh RIT Coffee Talk listeners and viewers uh RIT Coffee Talk listeners and viewers uh if you made it this far uh as we always if you made it this far uh as we always if you made it this far uh as we always say holy crap that's amazing and uh we say holy crap that's amazing and uh we say holy crap that's amazing and uh we appreciate your support and your appreciate your support and your appreciate your support and your interest in our Rants and uh please interest in our Rants and uh please interest in our Rants and uh please share like share like share like um and remember to subscribe to um and remember to subscribe to um and remember to subscribe to www.iotcoffee.com also make sure to www.iotcoffee.com also make sure to www.iotcoffee.com also make sure to donate to elevate our kids which is a donate to elevate our kids which is a donate to elevate our kids which is a non-profit that we uh support that non-profit that we uh support that non-profit that we uh support that um uh you know really wants to do um uh you know really wants to do um uh you know really wants to do something to address the digital advice something to address the digital advice something to address the digital advice especially for children uh K to through especially for children uh K to through especially for children uh K to through 12 who are understood 12 who are understood 12 who are understood views it is and don't believe the height views it is and don't believe the height views it is and don't believe the height remember yeah Public Enemy remember yeah Public Enemy remember yeah Public Enemy they called it don't believe the hype they called it don't believe the hype they called it don't believe the hype not believe the hype don't believe the not believe the hype don't believe the not believe the hype don't believe the hype don't trust it hype don't trust it hype don't trust it that's right right dude I'm down but that's right right dude I'm down but that's right right dude I'm down but this is real this is real I promise you this is real this is real I promise you this is real this is real I promise you this is real this is real this is real foreign foreign foreign and read a book yeah read a damn book

  43. and read a book yeah read a damn book and read a book yeah read a damn book which one which one which one anyone just read read damn it okay all anyone just read read damn it okay all anyone just read read damn it okay all right guys take care right guys take care right guys take care all right bye all right bye all right bye [Music]

Summary

The main theme is the complexity of failure, particularly in business and tech projects, using the SVB bank collapse as a prime example. Key subjects discussed include interest rates, the Federal Reserve, and the concept of unintended consequences, referencing Bill Pugh's financial advice and the FDIC insurance limit. The practical takeaway emphasizes that single-cause explanations are insufficient; true failure stems from accumulated risks and a lack of treasury management expertise, especially for startups.

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