Latest / Earn Your Leisure / Who Will Win the AI Race? Apple, Google, Microsoft and More

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Who Will Win the AI Race? Apple, Google, Microsoft and More · Earn Your Leisure

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  Speaker 3: Yeah.
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  Speaker 4: With that being said, who will be the software winners
• 1:41
  Speaker 4: in the AI era?
• 1:46
  Speaker 5: Eventually we're going to go through the list of the
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  Speaker 5: ones that won't recover as a result, and it's a
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  Speaker 5: lot of them, but I think there are a few.
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  Speaker 5: But two I want to highlight our companies that I
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  Speaker 5: haven't talked about a lot. One is SAP, which is
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  Speaker 5: a software and the other ways into it. Of course
• 2:02
  Speaker 5: you have Palente or you have Amazon that are AI adjacent.
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  Speaker 5: But the thing I was telling stock Club last night,
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  Speaker 5: find the companies that are gonna thrive that are AI indestructible,
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  Speaker 5: I meaning regardless of what AI does and how prolific
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  Speaker 5: it becomes, them you can even throw ADP in there.
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  Speaker 5: There are certain companies that won't be negatively affected, but
• 2:24
  Speaker 5: companies like Duo, Lingo or Adobe or some others may
• 2:29
  Speaker 5: salesforce may be.
• 2:32
  Speaker 1: This AR trade isn't going away.
• 2:34
  Speaker 5: I think we probably have another what maybe twelve years,
• 2:38
  Speaker 5: nine years of this trade. But you need to find
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  Speaker 5: some companies that will not be negatively affected by AI,
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  Speaker 5: regardless of how advanced that get. I think SAP and
• 2:48
  Speaker 5: into It are two good versions of that.
• 2:51
  Speaker 1: All right, I'm gonna go different. I'm gonna go different.
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  Speaker 2: And this is this is why this makes you show
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  Speaker 2: so unique, is that you're gonna get a vast array
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  Speaker 2: of opinions and information.
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  Speaker 1: I think one is is the obvious. I think Microsoft
• 3:01
  Speaker 1: for sure.
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  Speaker 2: Software because people didn't Yeah yeah, I just think people
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  Speaker 2: when you understand what Microsoft does, it actually does the opposite.
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  Speaker 2: It's like, all right, that software, how do we take
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  Speaker 2: AI and incorporate it to eat everybody else?
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  Speaker 1: Right?
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  Speaker 2: So, like if you think of them, thinking of them
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  Speaker 2: as the person that's going to eat up software companies
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  Speaker 2: by incorporating AI, and they've done that already with Copilot,
• 3:24
  Speaker 2: with what the zoors.
• 3:25
  Speaker 1: Doing, we know that already.
• 3:28
  Speaker 2: I think an interesting one is Service Now it's underrated,
• 3:33
  Speaker 2: an underrated one, it's sleeper, but it's another one of
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  Speaker 2: these companies that deals with managing workflows and connecting systems
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  Speaker 2: to people.
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  Speaker 1: Right. So when you think about.
• 3:45
  Speaker 2: We'll talk about sofa companies that we don't think are
• 3:47
  Speaker 2: going to survive. So it now has been super innovative.
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  Speaker 2: I've been watching their CEO for the past three years,
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  Speaker 2: interesting dude, and then I started to understand what the
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  Speaker 2: company does that would be my sleeper inside of this space.
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  Speaker 2: So I got Microsoft and I'm going to take Service
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  Speaker 2: now as winners in the software AI era, who do you.
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  Speaker 5: Think will be the first company that comes out with
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  Speaker 5: a full an agentic AI stack like enterprise level or
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  Speaker 5: consumer level where you can just say, hey, answer all
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  Speaker 5: my emails for me. Because there are some smaller companies
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  Speaker 5: that are doing But who do you think will be
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  Speaker 5: the first player out of Google, Microsoft, Apple, Tesla who
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  Speaker 5: have full skill.
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  Speaker 1: I think it's Google, yeah, And if Apple is going
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  Speaker 1: to slide to seventh and valuation overall, it's built in.
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  Speaker 1: The winners is built in.
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  Speaker 2: When you're talking about we we like convenience, right, So
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  Speaker 2: if there is a company that has your email already,
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  Speaker 2: that has your work schedule already, that has your life
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  Speaker 2: schedule calendar.
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  Speaker 1: Yep.
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  Speaker 4: Well, I mean you can make the same markment for Apple,
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  Speaker 4: do they? But do you have an email Apple I Cloud?
• 5:01
  Speaker 3: But they haven't put as much money.
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  Speaker 5: And that's my point why I'm so frustrated the infrastructure
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  Speaker 5: and entire ecosystem. What you needed that last one infinity
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  Speaker 5: stone and you didn't build it.
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  Speaker 4: And then also people like Elon must say email is
• 5:16
  Speaker 4: not even gonna be around in ten ten years. Email
• 5:18
  Speaker 4: is gonna be a thing in the past. So but
• 5:20
  Speaker 4: I think Apple, I mean, if you think about it as
• 5:23
  Speaker 4: far as vertical integration, they have your text messages, they
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  Speaker 4: have your music, they have your calendar. Everybody might not
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  Speaker 4: use iCloud, but I do, so in that case, they
• 5:32
  Speaker 4: have your email and it's the device that most Americans
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  Speaker 4: are using, an iPhone, So I mean they're perfectly set
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  Speaker 4: up for that. More I think they're more set up
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  Speaker 4: for that than Google.
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  Speaker 5: I don't think is Google's going to execute it faster though, Yeah,
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  Speaker 5: I think the what Google has done and it's interesting
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  Speaker 5: because we could say that they've been the leader in
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  Speaker 5: AIFL long time.
• 6:00
  Speaker 1: I just didn't have the product to do it.
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  Speaker 2: When you're talking about DeepMind and that all the architects
• 6:04
  Speaker 2: that came from there, the iCloud situation is true, but
• 6:08
  Speaker 2: it's more of a storage. I think if if you
• 6:10
  Speaker 2: have an iPhone, you have if you have an iPhone,
• 6:12
  Speaker 2: you have iCloud, right, whether it's from it saves your
• 6:14
  Speaker 2: text messages or it does save your music. But that
• 6:17
  Speaker 2: part of there is no Apple calendar, right, Like all
• 6:20
  Speaker 2: the things you use on your phone for the most
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  Speaker 2: part are going to be from Google.
• 6:24
  Speaker 3: Now there is an Apple calendar.
• 6:26
  Speaker 1: I'm just saying most what most people use.
• 6:28
  Speaker 3: I use Apple Calendar.
• 6:29
  Speaker 1: You have a Gmail calendar as well, right, I don't
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  Speaker 1: use that.
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  Speaker 3: I use Apple Calendar.
• 6:32
  Speaker 1: You have a Gmail account.
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  Speaker 4: I do, but I don't use it though my calendar.
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  Speaker 4: I use my calendar religiously shout out to ab puts
• 6:40
  Speaker 4: stuff on my calendar.
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  Speaker 1: He does that through Gmail. It's on Apple, it's on
• 6:43
  Speaker 1: your iPhone, but he's doing it through Gmail.
• 6:45
  Speaker 3: I'm on those calendar.
• 6:46
  Speaker 4: But it's an Apple calendar. It's a temail bro it's
• 6:48
  Speaker 4: an Apple calendar.
• 6:49
  Speaker 1: I'm just saying that.
• 6:50
  Speaker 4: What I'm saying this is an Apple calendar. There's a
• 6:52
  Speaker 4: Gmail calendar. Yeah, no, No, what's getting said to you
• 6:56
  Speaker 4: is he could be sending it through Gmail, but it's
• 6:58
  Speaker 4: on my Apple calendar. That's what I'm saying. So it's
• 7:01
  Speaker 4: integrated with Apple. Now there's a Gmail calendar, right, right, right, right, yes, Yes,
• 7:05
  Speaker 4: there's a Gmail calendar.
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  Speaker 1: Yes, Gmail calendar. App.
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  Speaker 3: Yes, what I'm saying, I'm using I'm using the Apple calendar.
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  Speaker 1: But the information that's coming to your calendar is from
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  Speaker 1: its from Google.
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  Speaker 3: Yeah, but it's still integrated with that.
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  Speaker 2: With that, that's what That's what I'm saying, right, Like,
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  Speaker 2: you're not putting it in an Apple device and saying
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  Speaker 2: here's the Apple you're used. They're still using Google, even
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  Speaker 2: Apple itself. If you look at the search engine, that
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  Speaker 2: data that's that's that's still.
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  Speaker 4: Well, people are using their Gmail accounts from their iPhone.
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  Speaker 1: But they work together exactly. Yeah, that's what I'm saying.
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  Speaker 5: And so it's Google is a partner that they need
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  Speaker 5: to make that software work more efficiently, right.
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  Speaker 3: Yeah, yeah, they work they work together on it.
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  Speaker 4: No, true, But what I'm all I'm saying is that
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  Speaker 4: Apple is fully integrated. To me, Apple is the most
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  Speaker 4: integrated thing in my life because I listened to my
• 7:50
  Speaker 4: music on Apple Music. I checked my email on on Iicloud.
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  Speaker 4: I have my calendar on the Apple Calendar. I get
• 7:57
  Speaker 4: my text messages on the iPhone. Everything that I do,
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  Speaker 4: my whole my whole life is run through Apple, not
• 8:06
  Speaker 4: through Google.
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  Speaker 1: That's not true. You're on YouTube right now.
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  Speaker 4: I'm talking about my personal Like if I have a
• 8:12
  Speaker 4: personal assistant and they're looking and they checking things, like
• 8:14
  Speaker 4: all of that stuff is on is on the iPhone.
• 8:16
  Speaker 1: Yeah, but so if you look at the users right,
• 8:19
  Speaker 1: if you look.
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  Speaker 3: At and by the way I'm watching, I watch YouTube
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  Speaker 3: on my iPhone.
• 8:23
  Speaker 1: But it's still the platform.
• 8:24
  Speaker 3: I understand that. But I'm just saying, is the outlet.
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  Speaker 5: I have a question out of the big ten companies
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  Speaker 5: besides Tim Cook, cause anybody else dropped the ball on
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  Speaker 5: AI except him.
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  Speaker 1: I can't say that he's he hasn't kicked the ball yet.
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  Speaker 5: Tim Cook.
• 8:41
  Speaker 1: I can't wait for you to retire.
• 8:44
  Speaker 5: I'll say you have to start line and everyone else
• 8:50
  Speaker 5: is ran laps and now they're going to the javelin throw.
• 8:55
  Speaker 3: Like what you think? What do you think that they
• 8:57
  Speaker 3: should do?
• 8:57
  Speaker 4: Because they put the AirPods out that can translate different languages.
• 9:02
  Speaker 4: They had they were originally with Siri. They had Siri
• 9:05
  Speaker 4: before anybody was talking about it.
• 9:07
  Speaker 3: They started they.
• 9:08
  Speaker 1: Started, was Alexa first or Siri first? Was first?
• 9:12
  Speaker 4: I think they started Siri they had so they have
• 9:16
  Speaker 4: artificial intelligence integrated throughout their whole entire ecosystem.
• 9:20
  Speaker 3: Just what do you want them to do? What you
• 9:23
  Speaker 3: what would you want them to do?
• 9:25
  Speaker 5: I would want the history of Apple and its greatness
• 9:29
  Speaker 5: has always been acquisition. They could have acquired the deal
• 9:35
  Speaker 5: that Microsoft got was presented to Apple first.
• 9:38
  Speaker 1: Didn't do it.
• 9:40
  Speaker 5: Okay, yeah, they had the chance to get it first,
• 9:43
  Speaker 5: didn't do it. Then you get into this proxy war
• 9:47
  Speaker 5: with Zuckerberg and Elon. You took your eye off the ball.
• 9:51
  Speaker 5: What I would like as a new executive who is
• 9:53
  Speaker 5: going to acquire AI talent? And even though Meta has
• 9:57
  Speaker 5: not turned the course, shed on the start. They're making
• 10:01
  Speaker 5: investments there for AI. And I don't think the way
• 10:04
  Speaker 5: that MetaStock is getting treated is how Apple should be.
• 10:07
  Speaker 5: And Tim Cook's tenure, he you had an immense opportunity
• 10:11
  Speaker 5: with the ecosystem, the platform. You get the thirty percent
• 10:14
  Speaker 5: tax for anybody who uploads anything into your app store
• 10:18
  Speaker 5: and you got comfortable being a services company, and now
• 10:21
  Speaker 5: Google came from out of the ashes and they're Goliath
• 10:24
  Speaker 5: that you're facing with no rocking, no slingshot. So while
• 10:27
  Speaker 5: they have the pieces there, it's like the when the
• 10:31
  Speaker 5: Warriors won the seventy three games and couldn't bring home
• 10:33
  Speaker 5: the chip.
• 10:35
  Speaker 2: I think in innovation is the word right, like we
• 10:38
  Speaker 2: for I mean, we've been doing this for six years
• 10:41
  Speaker 2: on market Mondays.
• 10:42
  Speaker 1: There was the autonomous vehicle that we thought that they
• 10:44
  Speaker 1: were going to do it. They backed out of that,
• 10:46
  Speaker 1: didn't do it.
• 10:47
  Speaker 2: We thought the wearable would be the thing, and the
• 10:50
  Speaker 2: vision pro didn't turn out to be that. But even
• 10:52
  Speaker 2: the smaller scale idea, it looks like Meta got ahead
• 10:57
  Speaker 2: of that with the with their wearables. And I see
• 10:59
  Speaker 2: a lot of people wearing the medaglasses. So those are
• 11:03
  Speaker 2: two areas. We haven't seen innovation inside the iPhone in
• 11:07
  Speaker 2: probably seven or eight years. I know that they're coming
• 11:10
  Speaker 2: out with the foldable one. Did you see the foldable iPhone?
• 11:13
  Speaker 5: Yeah, everybody who had an Android who's been had that
• 11:16
  Speaker 5: shot to drive. But even at the AirPods, I like
• 11:20
  Speaker 5: that the iteration, even though I don't have them, but
• 11:22
  Speaker 5: that was an acquisition form Beats. Apple has acquired their
• 11:26
  Speaker 5: way into greatness, and then they stopped acquiring and got comfortable,
• 11:30
  Speaker 5: and everyone else is catching up. They're falling on the
• 11:33
  Speaker 5: market cap listen, like I said they were a year
• 11:35
  Speaker 5: and a half ago, but not giving.
• 11:38
  Speaker 1: They number three. I mean they just got passed.
• 11:42
  Speaker 2: The interesting part is this, and this is the part,
• 11:44
  Speaker 2: like we can say all these things, but people are
• 11:47
  Speaker 2: still buying the product.
• 11:48
  Speaker 4: It hit.
• 11:48
  Speaker 1: It was a fourced upgrade, it was a four tillion
• 11:52
  Speaker 1: dollar company.
• 11:53
  Speaker 4: I think it gets taken for granted because it's a necessity.
• 11:55
  Speaker 4: We're running this show right now, and it wouldn't be
• 11:57
  Speaker 4: possible without Apple on the desk right now. There's there's
• 12:01
  Speaker 4: two iPhones buying the product on the desk right now.
• 12:04
  Speaker 5: I agree that has nothing to do with the under
• 12:06
  Speaker 5: investment in AI.
• 12:07
  Speaker 4: Though there's two iPhones, there's an iPad, and there's a MacBook.
• 12:12
  Speaker 2: But we're still buying a product, That's what I'm saying.
• 12:13
  Speaker 2: We're still buying a product. So the evaluation of the
• 12:16
  Speaker 2: company continues to rise. Right Like I bought the seventeen,
• 12:20
  Speaker 2: I bought the new air buds. People are doing that.
• 12:22
  Speaker 2: This was when we talked about innovation, like I'm just saying.
• 12:25
  Speaker 2: I'm just saying in terms of think about what Google's
• 12:27
  Speaker 2: had to do and had to announce and had to
• 12:30
  Speaker 2: acquire to.
• 12:32
  Speaker 1: Get to this valuation.
• 12:33
  Speaker 2: Right, think about how Meta has announced these things and
• 12:36
  Speaker 2: acquired and it's still sitting at the right They're sitting
• 12:39
  Speaker 2: at the one point four billion. Apple hasn't done all
• 12:42
  Speaker 2: those things that we're saying, and people still buy the
• 12:44
  Speaker 2: product and evaluation continues to rise, and it all times
• 12:47
  Speaker 2: out last year.
• 12:48
  Speaker 5: You know what this reminds me of. It reminds me
• 12:51
  Speaker 5: of the same sentiment at a larger scale that Intel
• 12:55
  Speaker 5: in BlackBerry had in two thousand and eight and two
• 12:57
  Speaker 5: thousand and nine. If you've been around long enough, you said, Okay,
• 13:02
  Speaker 5: Sergey came out of Elon's in office, whether you like
• 13:07
  Speaker 5: him or not, and like his disposition in the start process,
• 13:10
  Speaker 5: Trump's and Marlago or the office Tim Cook, out of
• 13:15
  Speaker 5: the best of breed CEOs, has undelivered the most in
• 13:20
  Speaker 5: terms of AI. That's my point. When they had a
• 13:23
  Speaker 5: chance to lead this race and they lost it.
• 13:27
  Speaker 2: I think both are true. I think both things are true. Yes,
• 13:30
  Speaker 2: he is under he's under delivered. Has the stock been
• 13:35
  Speaker 2: rewarded for what it's done in the past year.
• 13:38
  Speaker 5: Yeah, that's not the He's even said last week, I'm
• 13:41
  Speaker 5: tired of being in office and I'm ready to get the.
• 13:43
  Speaker 1: Fuck out the seat. But has this Can we argue
• 13:47
  Speaker 1: that the stock has performed?
• 13:49
  Speaker 5: I agree, Yeah, that's my pick, that's my baby. But
• 13:51
  Speaker 5: I also can say that they've underperformed in terms of leadership.
• 13:55
  Speaker 1: Both things are true. Yeah, I'm with you. I'm with you.
• 13:58
  Speaker 4: Yeah. Well, we'll see, we'll see. We'll see if they
• 14:01
  Speaker 4: if they go in a new direction. It's like sports,
• 14:04
  Speaker 4: you know, sometimes you got to change the coach if
• 14:07
  Speaker 4: the team is not, you know, performing, even if the
• 14:09
  Speaker 4: team is winning. The Knicks they went to the conference
• 14:12
  Speaker 4: finals last year, and they still fired the coach.
• 14:14
  Speaker 1: That's the fact.
• 14:15
  Speaker 4: So sometimes you fire a coach just because you need
• 14:18
  Speaker 4: a new culture. So maybe a new CEO comes in
• 14:21
  Speaker 4: with a new culture, new game plan and shake things
• 14:25
  Speaker 4: up and it's.
• 14:25
  Speaker 3: A little bit more innovative. We'll see, we'll see.
• 14:28
  Speaker 4: You happy.
• 14:29
  Speaker 1: Are you happy with the job? Are you happy with
• 14:31
  Speaker 1: the job that any Andy Jase has done at Amazon? Absolutely? Okay, yeah,
• 14:36
  Speaker 1: I am, and really quick.
• 14:39
  Speaker 5: As of early January twenty twenty six, internal succession planning
• 14:42
  Speaker 5: has accelerated. An official announcement should come at the end
• 14:46
  Speaker 5: of the first quarter. From what I've been told personally
• 14:47
  Speaker 5: from somebody who works at HQ, he will be out
• 14:50
  Speaker 5: January of twenty twenty seven.
• 14:53
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