Latest / Earn Your Leisure / Google's AI Challenge & Investing Strategies

Transcript

Google's AI Challenge & Investing Strategies · Earn Your Leisure

• 0:01
  Speaker 1: Earners. What's up.
• 0:02
  Speaker 2: You ever walk into a small business and everything just
• 0:04
  Speaker 2: works like The checkout is fast, the receipts are digital,
• 0:08
  Speaker 2: tipping is a breeze, and you're out the door before
• 0:11
  Speaker 2: the line even builds. Odds are they're using Square. We
• 0:15
  Speaker 2: love supporting businesses that run on Square because it just
• 0:18
  Speaker 2: feels seamless. Whether it's a local coffee shop, a vendor
• 0:21
  Speaker 2: at a pop up market, or even one of our
• 0:23
  Speaker 2: merch partners, Square makes it easy for them to take payments,
• 0:27
  Speaker 2: manage inventory, and run their business with confidence, all from
• 0:31
  Speaker 2: one simple system. If you're a business owner or even
• 0:35
  Speaker 2: just thinking about launching something soon, Square is hands down
• 0:38
  Speaker 2: one of the best tools out there to help you start, run,
• 0:41
  Speaker 2: and grow. It's not just about payments, it's about giving
• 0:45
  Speaker 2: you time back so you can focus.
• 0:47
  Speaker 1: On what matters most Ready.
• 0:48
  Speaker 2: To see how Square can transform your business, visit Square
• 0:52
  Speaker 2: dot com backslash go backslash eyl to learn more that
• 0:56
  Speaker 2: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
• 1:02
  Speaker 2: Let's Square handle the back end so you can keep
• 1:04
  Speaker 2: pushing your vision forward. This episode is brought to you
• 1:11
  Speaker 2: by P and C Bank, a lot of people think
• 1:13
  Speaker 2: podcasts about work are boring, and sure, they definitely can be,
• 1:17
  Speaker 2: but understanding a professional's routine shows us how they achieve
• 1:21
  Speaker 2: their success little by little, day after day. It's like
• 1:25
  Speaker 2: banking with P and C Bank. It might seem boring
• 1:28
  Speaker 2: to save, plan and make calculated decisions with your bank,
• 1:31
  Speaker 2: but keeping your money boring is what helps you live
• 1:34
  Speaker 2: or more happily fulfilled life. P and C Bank Brilliantly
• 1:38
  Speaker 2: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty
• 1:42
  Speaker 2: five is a service mark of the PNC Financial Service Group, Inc.
• 1:46
  Speaker 2: P and C Bank National Association Member FDIIC.
• 1:51
  Speaker 3: I was actually watching CNBC last week and they was
• 1:54
  Speaker 3: saying how Google's in trouble and how AI essentially is
• 1:59
  Speaker 3: a search engine, whether whatever AI platform you're using, even me,
• 2:04
  Speaker 3: like I use chat gbt for search engine purposes more
• 2:08
  Speaker 3: Google at the point in time, like I want to say, like, okay,
• 2:10
  Speaker 3: well you know when was the first elephant spotted by man? Right,
• 2:17
  Speaker 3: I'll go to chat gbt, which essentially I'm using it
• 2:20
  Speaker 3: for the same capacity that.
• 2:21
  Speaker 4: You would use a Google search engine for.
• 2:24
  Speaker 3: But I'm just so accustomed to using chat GBT that
• 2:27
  Speaker 3: I'll use Chat GBT more than I'll use Google. So
• 2:32
  Speaker 3: she was just saying that she thought that Google was
• 2:35
  Speaker 3: losing the AI race and that you know, they're losing
• 2:40
  Speaker 3: their dominance as far as their search engine is, more
• 2:44
  Speaker 3: competition and a variety of other factors. So now they're
• 2:48
  Speaker 3: laying off people.
• 2:49
  Speaker 4: Yeah, that's never good they do.
• 2:51
  Speaker 1: But they did something very intelligent.
• 2:54
  Speaker 3: And I was gonna say they also, uh they got
• 2:57
  Speaker 3: caught and then uh, Israel God's situation, they laid off
• 3:02
  Speaker 3: I think twenty one people for that twenty eight people
• 3:06
  Speaker 3: that chose to protest, they deal with Israel.
• 3:09
  Speaker 4: So they've been having some issues. So what were you saying?
• 3:12
  Speaker 1: So their roleouts haven't been great.
• 3:17
  Speaker 2: From and we spoke about it, from Bar to even
• 3:19
  Speaker 2: now with Gemini hasn't been great. But in this space
• 3:23
  Speaker 2: for AI and the race for AI, they've made a
• 3:25
  Speaker 2: strategic partnership and probably went under like people that probably
• 3:30
  Speaker 2: can't pay attention to it. But Meta has now partnered
• 3:32
  Speaker 2: with them to be included in their searches. And so
• 3:35
  Speaker 2: now Meta, when you're talking about how many users under
• 3:38
  Speaker 2: that platform three point four billion. Yeah, right onside of
• 3:42
  Speaker 2: the Meta platforms now.
• 3:43
  Speaker 1: The Google search Engine will.
• 3:45
  Speaker 2: Be a part of that platform, and so that's a
• 3:47
  Speaker 2: very strategic partnership. So I mean you can innovate, they've
• 3:50
  Speaker 2: they've botched it on their own, and so making a
• 3:52
  Speaker 2: strategic partnership like that is important. But yeah, the layoffs,
• 3:57
  Speaker 2: this has been continuous. We've seen this since twenty twenty three.
• 4:00
  Speaker 2: We've seen it multiple of tech companies. And it's really simple.
• 4:04
  Speaker 2: They can they put out a statement and I can
• 4:06
  Speaker 2: read this statement, but the gist of it is this, Look,
• 4:10
  Speaker 2: we've got to cut costs because we have to win
• 4:13
  Speaker 2: this race in AI and that's where our money, our
• 4:16
  Speaker 2: capital expensions have to go. That's the focus of this
• 4:19
  Speaker 2: company going forward. Anything that is not a part of
• 4:22
  Speaker 2: that is going to be cut to the wayside. And
• 4:25
  Speaker 2: so they cut people from their finance department, they cut
• 4:28
  Speaker 2: some people from the search department. All these people are
• 4:30
  Speaker 2: getting laid off because they're looking at the bottom line
• 4:33
  Speaker 2: and saying, if we can be more efficient with less,
• 4:36
  Speaker 2: because we know the type of money that we have
• 4:38
  Speaker 2: to allocate to this race to even be in it,
• 4:41
  Speaker 2: then we got to do it. And so unfortunately people
• 4:43
  Speaker 2: lose jobs because of that. They're looking at the macro
• 4:47
  Speaker 2: bit that we have to win this race. We have
• 4:49
  Speaker 2: to be one or two in it, and that's the
• 4:52
  Speaker 2: that's the focus, and they win it. Though I don't
• 4:57
  Speaker 2: think that they have the great they have some of
• 4:59
  Speaker 2: the brightest minds. When when we look at the infrastructure
• 5:02
  Speaker 2: of all these AI companies, they somehow tied back to
• 5:06
  Speaker 2: Google and they at deep at some point in their origin.
• 5:12
  Speaker 2: They just haven't had the marketing and the rollout that
• 5:16
  Speaker 2: these other companies have with Microsoft and Chat GBT have done.
• 5:19
  Speaker 2: I mean, it's been incredible every I mean, it just
• 5:21
  Speaker 2: keeps getting better. Every time they do something. The announcement
• 5:24
  Speaker 2: is great, they updated, it's great, they add it's great.
• 5:27
  Speaker 2: Google just can't seem to get there right yet. It's
• 5:30
  Speaker 2: been a while. It's been a while since they had
• 5:32
  Speaker 2: a rollout. Remember they tried the gaming system, they tried
• 5:34
  Speaker 2: the glasses. These technologies are great and people are looking
• 5:37
  Speaker 2: at it like that's the future. Somebody comes and does
• 5:39
  Speaker 2: it the right way, and it's like, wait, we forgot
• 5:42
  Speaker 2: that Google actually started that. Right before there was the
• 5:45
  Speaker 2: Google Glasses, and then you had Meta had the Quest
• 5:48
  Speaker 2: and then Apple obviously this division pro Now you forgot
• 5:51
  Speaker 2: that Google was even involved in it. Then they had
• 5:53
  Speaker 2: the gaming system that botch. They try to do the
• 5:56
  Speaker 2: search and the chat GBT rival with that flopped. They
• 6:01
  Speaker 2: try it now they named the Gemini. We'll see what happened.
• 6:05
  Speaker 2: It's just playing catch up. They have the innovation in
• 6:07
  Speaker 2: the role, it's just the execution hasn't been great.
• 6:10
  Speaker 1: Rashot, what were we gonna say?
• 6:12
  Speaker 3: Well, now, I was just gonna say from a just
• 6:15
  Speaker 3: because I want to we cover news a lot of
• 6:19
  Speaker 3: market moneys, but I also want to just give like
• 6:21
  Speaker 3: some investment advice. And this is related to this topic
• 6:24
  Speaker 3: where there's a lot of people that watch the show
• 6:26
  Speaker 3: that might have just begun investing or they have not
• 6:30
  Speaker 3: invested yet.
• 6:31
  Speaker 4: And the first two stories that we just covered.
• 6:34
  Speaker 3: On Apple and Google is an example why it is
• 6:38
  Speaker 3: usually more beneficial to invest in an ETF or an
• 6:43
  Speaker 3: index war as opposed to an individual company, right, because
• 6:47
  Speaker 3: anything can happen, and even the strongest companies at a
• 6:51
  Speaker 3: certain point start to decay.
• 6:53
  Speaker 4: That's just it's just life, right.
• 6:55
  Speaker 3: Nobody's going to be like at one point in time,
• 6:59
  Speaker 3: Kodak was the premiere place, you know, so it's like
• 7:04
  Speaker 3: every their industries change, right, and as industries change, giants
• 7:11
  Speaker 3: and industries start to stumble and fall. Yeah, as you
• 7:17
  Speaker 3: as an investor, the safest route that you can take
• 7:21
  Speaker 3: is to invest in an index fund or an ETF
• 7:25
  Speaker 3: because that gives you broad exposure. Right, You're not relying
• 7:29
  Speaker 3: on just one individual company, but especially like in the
• 7:34
  Speaker 3: in the index in the ETF, with index funds as well,
• 7:38
  Speaker 3: they can change allocation over the.
• 7:40
  Speaker 4: Course of time. They don't have to worry about it.
• 7:43
  Speaker 3: Exactly, it's being done for you. So and and ETF
• 7:47
  Speaker 3: like QQQ which is the technology ETF, and they have Microsoft,
• 7:51
  Speaker 3: Apple will in all of these stocks as as these
• 7:56
  Speaker 3: companies get weaker than the percentage that makes up the
• 8:00
  Speaker 3: ETF will change over the course of time. Right, as
• 8:03
  Speaker 3: a company like in Nvidia that gets stronger. Now you're
• 8:06
  Speaker 3: seeing Video's position in these funds increase, right because now
• 8:13
  Speaker 3: they it's like it's like a player, it's like a
• 8:15
  Speaker 3: it's like an NBA team, right. Yeah, as as somebody
• 8:20
  Speaker 3: becomes a better player, they're going to get more.
• 8:22
  Speaker 4: Playing time head guard. Right.
• 8:24
  Speaker 3: And then as somebody who was once a superstar, Klay
• 8:29
  Speaker 3: Thompson shot out to Clay but as his his production
• 8:32
  Speaker 3: starts to as his production starts to decrease, you're going
• 8:35
  Speaker 3: to see him get less playing time. Right, that just
• 8:38
  Speaker 3: makes sense if you want to win a championship. But
• 8:40
  Speaker 3: imagine if all of your investment dollars were in Klay
• 8:43
  Speaker 3: Thompson five years ago, you would have been you know,
• 8:47
  Speaker 3: on top of but now not so much. So that's
• 8:53
  Speaker 3: just something that, like I said, if you're if you're
• 8:54
  Speaker 3: thinking about investing, right, just take that into consideration that
• 9:00
  Speaker 3: whenever you invest in individual companies, it's tremendously more riskier. Yeah,
• 9:06
  Speaker 3: and you have to pay a lot more attention because
• 9:12
  Speaker 3: things change quickly, and you don't want to, you know,
• 9:16
  Speaker 3: stay with a loser or a company that is underperforming
• 9:20
  Speaker 3: for a long period of time because that could hurt
• 9:22
  Speaker 3: your portfolio.
• 9:23
  Speaker 1: And is like.
• 9:25
  Speaker 2: Exactly what we went over in the master class that
• 9:28
  Speaker 2: Ian was part of, was that exact strategy where Ian
• 9:31
  Speaker 2: talks about to tech two index and I said, I'm
• 9:34
  Speaker 2: going to make a cousin version of it, right, like
• 9:36
  Speaker 2: this will be the two texts to ETFs. Not a cousin,
• 9:40
  Speaker 2: not a cousin, A family member, a brother.
• 9:42
  Speaker 1: How about that? A brother? He said, the cousins is dead,
• 9:51
  Speaker 1: A brother, a brother.
• 9:52
  Speaker 2: Of the strategy, right, because again when and this happens,
• 9:56
  Speaker 2: I'm sure ian to you all the time. You can
• 9:58
  Speaker 2: tell people to tech two indexes and it'll ask you, well,
• 10:00
  Speaker 2: wh's two texts? Yeah, right, And so to even simplify it,
• 10:03
  Speaker 2: let's just make it two indexes and two ETFs and
• 10:06
  Speaker 2: that becomes the legs of this table. Like this investment
• 10:09
  Speaker 2: table that I kind of drew this analogy with, it's
• 10:11
  Speaker 2: an investment table where those are the legs of it.
• 10:13
  Speaker 2: And if you want to after you've had experienced invested
• 10:16
  Speaker 2: in index funds and ETFs, if you want to get
• 10:20
  Speaker 2: singular equities, then that's what you put on top of
• 10:22
  Speaker 2: the table to make sure they're strong companies.
• 10:24
  Speaker 1: And so yeah, you have QQQ, but if you.
• 10:27
  Speaker 2: Individually want to have the upside of Nvidia, then you
• 10:30
  Speaker 2: can have that on top of your table. But make
• 10:32
  Speaker 2: sure that you have the legs so you'll have a
• 10:34
  Speaker 2: base first, because that's important.
• 10:36
  Speaker 1: Right.
• 10:36
  Speaker 2: If the legs collapse, the tables falling, right, So make
• 10:40
  Speaker 2: sure you have the base first, So that's important.
• 10:42
  Speaker 1: Yeah.
• 10:42
  Speaker 5: And for those who go actually anyway, vo O VTI
• 10:45
  Speaker 5: are good ones U VGT if you want exposure to technology,
• 10:48
  Speaker 5: but I think the overall theme in these first two
• 10:50
  Speaker 5: stories we're talking about. I think we're seeing a decay
• 10:54
  Speaker 5: monopolies like Apple of course had a long term stranglehold.
• 10:58
  Speaker 5: My final expiration date for Apple is twenty thirty four,
• 11:02
  Speaker 5: when I think things will start to unravel.
• 11:04
  Speaker 1: They won't have the lead.
• 11:06
  Speaker 5: Google has mismanaged a bunch of great projects, like they
• 11:09
  Speaker 5: should have ever tried to do social media back in
• 11:11
  Speaker 5: the day with the glasses deep mind, Like they remind
• 11:15
  Speaker 5: me a lot of OKC.
• 11:17
  Speaker 4: The team they have now, But.
• 11:19
  Speaker 5: It's like you had hardening the red and bruston. You
• 11:22
  Speaker 5: let them go for nothing, Like how do you let
• 11:27
  Speaker 5: Ai come to prominence the way that they happened. This
• 11:30
  Speaker 5: is one of your ideas from like eight years ago,
• 11:32
  Speaker 5: Like ray Curlsweild was telling them about this in two
• 11:35
  Speaker 5: thousand and five and they did nothing with it. So
• 11:38
  Speaker 5: going back to the point is safe for the investor
• 11:40
  Speaker 5: indexes ETFs. But I think we're seeing this is what
• 11:44
  Speaker 5: happens when money is cheap. Capital is cheap, it's easy
• 11:47
  Speaker 5: to hire, and then the market conditions change. And the
• 11:50
  Speaker 5: crazy part, they haven't even raised rate yet. If they
• 11:54
  Speaker 5: raised rates, we're really going to see things get tough.
• 11:57
  Speaker 2: And it goes back to the topic I think you
• 12:00
  Speaker 2: guys were talking about on Blackout. What would that company
• 12:03
  Speaker 2: be if they didn't invest in YouTube in two thousand
• 12:05
  Speaker 2: and seven and if Zuckerberg didn't grab Instagram, two of
• 12:10
  Speaker 2: the greatest acquisitions.
• 12:12
  Speaker 5: And for everyone who kept saying they shouldn't have sold
• 12:15
  Speaker 5: YouTube to Google, they sold right before the biggest crash
• 12:19
  Speaker 5: of modern times happened. They're smart. Let me give you
• 12:23
  Speaker 5: a clue. When people exit and you don't hear from
• 12:25
  Speaker 5: them again, leisure has been heard. I haven't seen Time
• 12:30
  Speaker 5: from my space three times since he is elated.
• 12:34
  Speaker 1: Enjoy You got to exit at the right time.
• 12:38
  Speaker 4: Yes, Sirsky, exit at the right time.
• 12:43
  Speaker 3: Ladies have to know when the leader party. You gotta
• 12:45
  Speaker 3: know when the lead party. You see that meme of
• 12:47
  Speaker 3: Kevin Hart with.
• 12:49
  Speaker 1: And yeah, yeah, that was crazy.
• 12:51
  Speaker 4: I did.
• 12:52
  Speaker 1: Yeah. I asked Andy, what are you doing in that situation?
• 12:55
  Speaker 1: It's by the drink.
• 12:56
  Speaker 2: First, when the introvert is ready to leave the bar.
• 13:00
  Speaker 4: Mandy b said you was you was cat. She said
• 13:02
  Speaker 4: you was a cat ship.
• 13:04
  Speaker 1: Put it put in the comments.
• 13:05
  Speaker 2: If I bought you a flight the first quarter, No,
• 13:10
  Speaker 2: not for the first In the second quarter, second quarter
• 13:12
  Speaker 2: were still running though.
• 13:13
  Speaker 5: Right put it in chats. I got five grand for somebody.
• 13:18
  Speaker 5: If you got some pictures with me?
• 13:20
  Speaker 4: What's up?
• 13:21
  Speaker 5: Make sure the receipts standing on badness, you know somebody?
• 13:28
  Speaker 4: Oh man, did you just listen if Google and Meta.
• 13:33
  Speaker 1: Cutting back should by a flight?
• 13:34
  Speaker 5: Oh no, we all got come back. We all got
• 13:37
  Speaker 5: cut back. Nope, Zuckerberg got that Meta AI going crazy
• 13:42
  Speaker 5: for a reason.
• 13:43
  Speaker 1: I mean, I'm going to be conservative.
• 13:44
  Speaker 2: People are losing jobs, so that that mean that's the
• 13:47
  Speaker 2: unfortunate part. But they are saying that the people who
• 13:49
  Speaker 2: they let go can reapply for different positions within the company.
• 13:52
  Speaker 6: So we'll see an illegal alien from Guatemala charged with
• 13:56
  Speaker 6: raping a child in Massachusetts, an MS thirteen gang member
• 14:00
  Speaker 6: from Al Salvador accused of murdering a Texas man of
• 14:04
  Speaker 6: Venezuelan charged with filming and selling child pornography in Michigan.
• 14:09
  Speaker 6: These are just some of the heinous migrant criminals caught
• 14:12
  Speaker 6: because of President Donald J. Trump's leadership. I'm Christy nom
• 14:16
  Speaker 6: the United States Secretary of Homeland Security. Under President Trump,
• 14:20
  Speaker 6: attempted illegal border crossings are at the lowest levels ever recorded,
• 14:25
  Speaker 6: and over one hundred thousand illegal aliens have been arrested.
• 14:28
  Speaker 6: If you are here illegally, your next you will be
• 14:32
  Speaker 6: fine nearly one thousand dollars a day, imprisoned, and deported,
• 14:36
  Speaker 6: you will never return. But if you register using our
• 14:39
  Speaker 6: CBP home app and leave now, you could be allowed
• 14:42
  Speaker 6: to return legally. Do what's right. Leave now. Under President
• 14:47
  Speaker 6: Trump America's laws, border and families will be protected.
• 14:51
  Speaker 1: Sponsored by the United States Department of Homeland Security,