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AI and Your Paycheck — Part One with Ian Dunlap · The Breakfast Club

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  Speaker 1: Today on Front Page. AI is reshaping who has a
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  Speaker 1: job and who doesn't, and more than forty five CEOs
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  Speaker 1: have publicly talked about cutting staff. I sat down with
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  Speaker 1: Ian Dunlap, founder of red Panda, to break it all down.
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  Speaker 2: And there are hundreds of millions of jobs that are
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  Speaker 2: going to be instruction over the next five or six years.
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  Speaker 1: It's Wednesday, June twenty fourth, from the Black Effect Podcast Network.
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  Speaker 1: I'm Mimi Brown. This is Front Page. Stay with me
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  Speaker 1: all right, everyone, Thank you for joining us today on
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  Speaker 1: another episode of Front Page, and of course on the
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  Speaker 1: Breakfast Club Meta. They just recently laid off thousands of
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  Speaker 1: workers as more companies pour more money into artificial intelligence,
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  Speaker 1: and it's raising a lot of questions and a lot
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  Speaker 1: of people are asking right now, should we actually be
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  Speaker 1: worried about AI replacing jobs? Because this is no longer
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  Speaker 1: just happening inside Silicone Valley. We're seeing layoffs tied to
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  Speaker 1: AI efficiencies and logistics, finance, consulting, media, retail, manufacturing, even
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  Speaker 1: companies like Nike, Amazon, Ups, just others, a host of others.
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  Speaker 1: And then more than forty five CEOs they have recently
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  Speaker 1: publicly talked about reducing staff because AI can now do
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  Speaker 1: certain jobs faster and cheaper. So what does this actually
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  Speaker 1: mean for everyday workers? Which jobs are most at risk,
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  Speaker 1: what careers may be safer than people realize, and how
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  Speaker 1: should people really prepare for this economy as it shifts
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  Speaker 1: even more so? Today, I wanted to bring in someone
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  Speaker 1: who has been helping people understand money markets and economic
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  Speaker 1: shifts for years. You've seen him on market Mondays, Earn
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  Speaker 1: Your Leisure, and he's the founder of red Panda, and
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  Speaker 1: he's been on social media across it for years. You
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  Speaker 1: know exactly who I'm talking about. But he's here to
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  Speaker 1: break all of this down and plan English for us.
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  Speaker 1: Ian Dunlap joins me to help separate some of this
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  Speaker 1: fact from or fear should I say, from reality? Ian,
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  Speaker 1: thank you so much for joining us.
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  Speaker 3: I'm happy to be here. How are you.
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  Speaker 1: I'm good, I'm good. Thank you. So I got a
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  Speaker 1: thousand questions. I just want to jump in. Okay, all right, So,
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  Speaker 1: you know, are people overreacting to AI right now or
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  Speaker 1: we're not taking it serious enough? What do you say?
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  Speaker 2: I don't think people are taking it serious enough if
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  Speaker 2: we're just talking specifically to the culture in our community. Yeah,
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  Speaker 2: I've said, and I'm a big fan of open AI,
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  Speaker 2: huge fan of anthropic but in my conversations that I've
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  Speaker 2: had with people in Silicon Valley, the thing that I'm
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  Speaker 2: seeing it's a legalized way to discriminate against us in
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  Speaker 2: the job market. And I'm not here or fear monger,
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  Speaker 2: but I'm here to tell the absolute truth. During every
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  Speaker 2: technological wave, there is a offsetting of jobs. And we'll
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  Speaker 2: talk about the solutions later, but I think people don't
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  Speaker 2: realize all across the world at one time, and our
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  Speaker 2: friends that META who were affected by the layoff, this
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  Speaker 2: is something that's going to sweep the globe and there
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  Speaker 2: are hundreds of millions of jobs that are going to
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  Speaker 2: be restructured over the next five or six years due
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  Speaker 2: to AI. Now at some point we're going to have
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  Speaker 2: the conversation about is it going to correct back? I
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  Speaker 2: think so, But for these next two or three years,
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  Speaker 2: you do have to be aware of the imminent danger
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  Speaker 2: that is there because of AI and what it can
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  Speaker 2: do to the job market.
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  Speaker 1: Negatively, what industries are quietly already being impacted.
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  Speaker 3: If we look at.
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  Speaker 2: Let's say, entry level coding is one entry level marketing
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  Speaker 2: has been affected any administrative work, customer service, call centers,
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  Speaker 2: things that had a lower pay grade. And I feel
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  Speaker 2: bad for the graduates because when I graduated from college,
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  Speaker 2: the thought was, well, almost get any degree and you
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  Speaker 2: were guaranteed job placement. Now this graduating class has a
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  Speaker 2: feeling as if almost if any degree that I get,
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  Speaker 2: even if it's a higher end degree or more prestigious degree,
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  Speaker 2: there isn't job placement for me.
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  Speaker 3: And that's partially true.
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  Speaker 2: The that's GDP is higher than ever, so that's part
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  Speaker 2: of the reason as well. So those are some industries
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  Speaker 2: that have been affected. Marketing, sales, call centers, any back
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  Speaker 2: in admin work has been greatly affected.
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  Speaker 3: But shortly we would talk about the solutions.
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  Speaker 2: But if you're in those industries you're looking to break in,
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  Speaker 2: you're going to have to find a way to use
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  Speaker 2: AI to be more worth more in the market today
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  Speaker 2: than you were maybe four or.
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  Speaker 3: Five years ago.
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  Speaker 1: You know, you brought up graduates, recent graduates. You know,
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  Speaker 1: we just had graduation season, and I was thinking the.
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  Speaker 3: Same, Yeah, it's heartbreaking, like what are.
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  Speaker 1: These kids going to do right now? I mean, even
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  Speaker 1: finding summer jobs. I would assume it would be a
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  Speaker 1: little bit harder this summer than they used to be
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  Speaker 1: back in the day.
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  Speaker 2: It's unfortunate, but it's been a planned destruction to even
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  Speaker 2: eliminate interns, SIPs and summer jobs to give you that
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  Speaker 2: onboarding to be able to make your way into some
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  Speaker 2: of the corporations. So like even a lot of the
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  Speaker 2: people who've been on board at Tech, they had companies
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  Speaker 2: that were acquired and they were brought in that way.
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  Speaker 2: So the way that we look at the economy and
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  Speaker 2: the job market, this is why investment is really important.
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  Speaker 2: Being entrepreneur is really important because you can't have all
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  Speaker 2: of your eggs in one basket. If the market starts
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  Speaker 2: to contract or the economy compresses the way that it
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  Speaker 2: has been over the last two years. You need to
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  Speaker 2: be able to have a backup plan. And I used
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  Speaker 2: to argue the entrepreneurship was a great backup plan, but
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  Speaker 2: it's mandatory that it's the first thing that you focus
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  Speaker 2: on now.
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  Speaker 3: That and investment at.
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  Speaker 1: The same time, especially now right because that Plan B
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  Speaker 1: is now a lot of people's plan A.
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  Speaker 3: Plan A. Yes, yeah, and the world changes so rapidly.
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  Speaker 2: We're almost backing like the Renaissance era of being able
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  Speaker 2: to do a multitude of things at one time, and
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  Speaker 2: while it may be scared, it creates some of the
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  Speaker 2: greatest opportunities ever. I remember this is maybe three years
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  Speaker 2: ago and brilliant idiots. Charlomagne was telling Schultz like, well,
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  Speaker 2: I don't even know if AI is going to affect Ian,
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  Speaker 2: and Shultz chimed in and said no, the human intuition
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  Speaker 2: part makes him more valuable. So to everyone in the culture,
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  Speaker 2: there's a certain genesi quad that we have in terms
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  Speaker 2: of creativity, creating skill sets, putting things together that normally
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  Speaker 2: don't go together that will give us a tremendous edge.
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  Speaker 2: Even I'm seeing some people with the Winby campaign create
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  Speaker 2: things for Nike and post it on Instagram, and then
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  Speaker 2: Nike has reached out to them to integrate it into
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  Speaker 2: the finals. So despite the job market being in shambles,
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  Speaker 2: I think it's one of the greatest landscapes we had
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  Speaker 2: in terms of creativity.
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  Speaker 3: Like to be able to create some of the things.
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  Speaker 2: That you can with AI five or six years ago,
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  Speaker 2: but taken tens of thousands of dollars to be able
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  Speaker 2: to create it, and now you can create some of
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  Speaker 2: those things in two or three hours.
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  Speaker 3: So you have to definitely take advantage of it.
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  Speaker 1: So what I'm hearing you say is basically, find a
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  Speaker 1: way for AI to work for you. I know we're
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  Speaker 1: talking about what jobs are gone, but there's a way
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  Speaker 1: in which you can take this this shitt and then
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  Speaker 1: maybe it work for you, so that way you're not
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  Speaker 1: left out as AI continues to change our landscape.
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  Speaker 2: Absolutely, I'm telling everyone you have to be a chimera.
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  Speaker 2: You have to be entrepreneur, an investor, or content creator.
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  Speaker 2: You have to know how to write, you have to
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  Speaker 2: know how to promote, and the great part is if
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  Speaker 2: you're able to do all of those things, like you
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  Speaker 2: are able to do your value, you're one of one
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  Speaker 2: and more companies are looking for more people, more brands,
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  Speaker 2: more talent.
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  Speaker 3: That's one of one.
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  Speaker 2: Like if you look at what the normal job description
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  Speaker 2: was maybe ten years ago, it was very finite. Now
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  Speaker 2: everyone knows how to manage social media, knows how to
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  Speaker 2: create content. You're almost a creative director. Everyone knows how
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  Speaker 2: to shoot photos, have to learn how to edit, So
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  Speaker 2: my thing is be a camera. Learn how to do
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  Speaker 2: all of these things at one time. And more importantly,
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  Speaker 2: like if you know how to invest, on top of that,
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  Speaker 2: you have a skill set that you can take to
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  Speaker 2: any company.
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  Speaker 1: That was Ian Dunlap, founder of Red Panda, Thank you again,
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  Speaker 1: Ian for coming on front page and giving us all
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  Speaker 1: the information that we need to know. And here's what
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  Speaker 1: I want you to walk away with today. This is
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  Speaker 1: not fear mongering. This is the shift. AI is restructuring
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  Speaker 1: hundreds of millions of jobs around the world. It's already
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  Speaker 1: happening in entry level coding, marketing, sales, call centers, back
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  Speaker 1: end admin and it's coming for more. Just what we
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  Speaker 1: spoke about today. But the takeaway from this conversation is
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  Speaker 1: that people who learn how to make AI work for
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  Speaker 1: them are going to come out on the other side stronger.
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  Speaker 1: And this is exactly where we'll be picking it up
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  Speaker 1: tomorrow in our next installment.
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  Speaker 3: On the next.
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  Speaker 1: Episode, we're going to go just a little deeper the
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  Speaker 1: specific AI tos you need to know which ones to
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  Speaker 1: start using today, how to use them to make yourself
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  Speaker 1: more valuable in your job, or in your business or
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  Speaker 1: even on your side hustle. Because if we're going to
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  Speaker 1: live in this economy, we have to have the tools
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  Speaker 1: that are going to help us succeed. So you don't
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  Speaker 1: want to miss it. This is front Page Imimi Brown.
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  Speaker 1: This podcast was brought to you by the Black Effect
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  Speaker 1: Podcast Network