Latest / Earn Your Leisure / Study Hall: When Will The AI Bubble Pop? And Who's to Blame?
Transcript
- 0:00Speaker 1: An illegal alien from Guatemala charged with raping a child
- 0:03Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
- 0:07Speaker 1: accused of murdering a Texas man of Venezuelan charged with
- 0:11Speaker 1: filming and selling child pornography in Michigan. These are just
- 0:15Speaker 1: some of the heinous migrant criminals caught because of President
- 0:19Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
- 0:23Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
- 0:28Speaker 1: crossings are at the lowest levels ever recorded, and over
- 0:31Speaker 1: one hundred thousand illegal aliens have been arrested. If you
- 0:35Speaker 1: are here illegally, your next you will be fined nearly
- 0:39Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
- 0:43Speaker 1: never return. But if you register using our CBP home
- 0:46Speaker 1: app and leave now, you could be allowed to return legally.
- 0:50Speaker 1: Do what's right, leave now. Under President Trump, America's laws,
- 0:55Speaker 1: border and families will.
- 0:57Speaker 2: Be protected sponsored by the United States Department of Homeland Security.
- 1:00Speaker 3: So as far as AI Mike no regrets told us
- 1:06Speaker 3: that there will be an AI boom, I mean bust
- 1:08Speaker 3: absolutely bubble AI bubble right, and it will pop eventually,
- 1:14Speaker 3: and he also said that you know, in Video and
- 1:17Speaker 3: Microsoft two companies that would be good to invest in.
- 1:21Speaker 3: As far as leading away on artificial intelligence, I think.
- 1:24Speaker 4: I heard that before somewhere perhaps, So is there too
- 1:30Speaker 4: much height behind artificial intelligence?
- 1:33Speaker 5: And what we see a market correction, you know, punish
- 1:39Speaker 5: artificial intelligence, because even I mean the stock market this
- 1:43Speaker 5: year is really has gone up off of artificial intelligence
- 1:47Speaker 5: hype really from the tech stocks, for sure, when tech
- 1:51Speaker 5: stocks have driven the larger stock market as a whole.
- 1:55Speaker 5: So are we in for a n FT type situation
- 1:59Speaker 5: with AI?
- 2:00Speaker 6: Absolutely? And now I'm gonna go crazy on this one.
- 2:02Speaker 4: When I did the talk on him and Kathy and
- 2:04Speaker 4: invest Fest, he said seventeen to eighteen months. And if
- 2:09Speaker 4: we're going to be super honest, these boom and hype
- 2:12Speaker 4: cycles that lead to BUS happened. So when crypto, I
- 2:17Speaker 4: remember at one time people were telling me the russe
- 2:19Speaker 4: of two thousand was a better category to invest in
- 2:22Speaker 4: the S and P five hundred.
- 2:23Speaker 6: I'm like, but if you haven't been in these.
- 2:24Speaker 4: Markets long enough, you don't see that those midcaps eventually fall.
- 2:30Speaker 4: Then we went through, of course with n FT's and
- 2:31Speaker 4: we're going to see an AI probably in eighteen to
- 2:34Speaker 4: twenty four months. The ones that are great Open ai anthropic.
- 2:40Speaker 4: Google has their foot in the race, and I'm hearing
- 2:43Speaker 4: shout out to the good folks over at Meta that
- 2:44Speaker 4: they have something that they're working on that they're going
- 2:46Speaker 4: to release probably end of year. Those would be the
- 2:49Speaker 4: big four. Every category of business, every sector has a
- 2:52Speaker 4: Big four. The race is to get that lion's here.
- 2:55Speaker 4: So now that that's carved out, eventually there'll be one
- 2:57Speaker 4: in healthcare. There'll be a couple of music that has
- 3:00Speaker 4: an impact that probably be one in film. I would
- 3:03Speaker 4: love to see what they do in oil and gas.
- 3:05Speaker 4: But the other ones that are basing evaluations off being
- 3:07Speaker 4: off AI alone. It's probably fifteen apps that I have
- 3:10Speaker 4: on my phone that were not AI companies last year,
- 3:14Speaker 4: and then after open ai came out, they got a
- 3:17Speaker 4: chance to get all this funding. It's never a good
- 3:20Speaker 4: place to be in when you are a copy or
- 3:21Speaker 4: replica of another business. So I can't wait for this
- 3:24Speaker 4: boom to happen because it's needed, and this is what
- 3:26Speaker 4: happens when you have too much capital floating around. But
- 3:29Speaker 4: if I'm going to be very honest, this is the
- 3:31Speaker 4: fault of venture capitalist. No one wants us to have
- 3:34Speaker 4: the conversation, and we need to. But they funded the
- 3:37Speaker 4: crypto bubble, they funded the WorldCom Tech two thousand bubble,
- 3:43Speaker 4: they funded part of the housing crisis bubble, then Crypto,
- 3:48Speaker 4: then NFT, then AI. But no one ever goes to say,
- 3:51Speaker 4: where's capital being deployed from to go into these projects
- 3:55Speaker 4: that will allow them to run net negative for four
- 3:58Speaker 4: years but be one of the greatest companies of all time.
- 4:02Speaker 6: But it brings to us to a bigger point three.
- 4:04Speaker 4: I was told this past weekend to the reason why
- 4:06Speaker 4: they won't announce that we're in.
- 4:07Speaker 6: A recession because if they do, the little will get uncovered.
- 4:10Speaker 4: And most of the pension funds are unsolvent, are insolvent,
- 4:14Speaker 4: so money in capital eventually has to move and it
- 4:17Speaker 4: never dies. It's always deployed somewhere. But when you are
- 4:21Speaker 4: seeing things talked about too much, that's when you know
- 4:25Speaker 4: all the money has left it. Notice when Deutsche Bank
- 4:28Speaker 4: got into crypto, JP Morgan got into crypto, State Street,
- 4:32Speaker 4: Vanguard is now putting their arms and money into crypto.
- 4:36Speaker 4: They never made an announcement, never went on CNBC, never
- 4:38Speaker 4: went on Bloomberg, never went on. Royters to say anything
- 4:42Speaker 4: about it. They just did it very quietly and behind
- 4:44Speaker 4: the scenes. So yeah, Ernest, what's up.
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- 6:38Speaker 1: An illegal alien from Guatemala charged with raping a child
- 6:42Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
- 6:46Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
- 6:50Speaker 1: filming and selling child pornography in Michigan. These are just
- 6:54Speaker 1: some of the heinous migrant criminals caught because of President
- 6:58Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
- 7:02Speaker 1: Secretary of Homeland Security under President Trump, attempted illegal border
- 7:07Speaker 1: crossings are at the lowest levels ever recorded, and over
- 7:10Speaker 1: one hundred thousand illegal aliens.
- 7:12Speaker 2: Have been arrested.
- 7:13Speaker 1: If you are here illegally, your next you will be
- 7:17Speaker 1: fine nearly one thousand dollars a day, imprisoned and deported,
- 7:21Speaker 1: you will never return. But if you register using our
- 7:24Speaker 1: CBP home app and leave now, you could be allowed
- 7:28Speaker 1: to return legally. Do what's right. Leave now. Under President
- 7:32Speaker 1: Trump America's laws, border and families will be protected.
- 7:36Speaker 2: Sponsored by the United States Department of Homeland Security's.
- 7:39Speaker 4: Bubble popping about eighteen to twenty four months. And then
- 7:42Speaker 4: we'll have some real players that actually have an impact
- 7:44Speaker 4: and really solve a real problem come in and they'll thrive.
- 7:48Speaker 7: The real players are the real players already. I feel
- 7:50Speaker 7: like they're there. Then there's not going to be a newcomer. Well,
- 7:54Speaker 7: there might be a newcomer who can help in the space,
- 7:56Speaker 7: but the players are going to be the players. It's
- 7:58Speaker 7: going to be Nvidia, right because of what they do
- 8:01Speaker 7: with their GPUs. It's gonna be Microsoft, it's gonna be Google,
- 8:04Speaker 7: it's gonna be Amazon, and it's.
- 8:06Speaker 6: Gonna be Meta.
- 8:07Speaker 7: I was just gonna say, we're gonna get into Meta
- 8:10Speaker 7: because even if you look what they're doing in terms
- 8:12Speaker 7: of the healthcare space, if you look at what she's
- 8:15Speaker 7: trying to do, it's gonna require over a thousand GPUs
- 8:20Speaker 7: And who makes the fastest GPUs yep, right now in video.
- 8:25Speaker 7: So if we're looking and that they're planning for one
- 8:28Speaker 7: hundred years from now, That's.
- 8:29Speaker 6: What I keep saying. No one's thinking about five six
- 8:31Speaker 6: years like she's.
- 8:33Speaker 7: They're playing for one hundred years from now. This is
- 8:35Speaker 7: going to be the technology that leads it. The companies
- 8:38Speaker 7: that are here that are doing it at the highest
- 8:39Speaker 7: level and the most efficient level. I mean, it's gonna
- 8:43Speaker 7: be tough to There're so far ahead now that it's
- 8:45Speaker 7: gonna be tough to out face them.
- 8:46Speaker 6: And we see this with labels.
- 8:47Speaker 4: Any person that gets hot gets acquired by Sony Universal,
- 8:51Speaker 4: like one of the big boys, like a shot at
- 8:53Speaker 4: the Raucus Records, nobody at Rockets when Puff was running
- 8:55Speaker 4: around selling Ma's album. No one at Rockers is doing
- 8:58Speaker 4: nine million. That's shit, Like Innerscope is going to have
- 9:01Speaker 4: the name like you can't in American society and American capitalism,
- 9:07Speaker 4: a lesson I've learned early. You're gonna have to pay
- 9:10Speaker 4: the big somewhere. Even when I go to Mexico, people like, man,
- 9:12Speaker 4: what do you do if the police pull you over
- 9:14Speaker 4: and they charge you one hundred dollars just to go?
- 9:16Speaker 4: It's never happened to me, thank god. But every time
- 9:19Speaker 4: I'm in Mexico, they're like, you can either just pay
- 9:21Speaker 4: now or do like you do an America and go
- 9:23Speaker 4: to court and pay double. At some point, you're not
- 9:27Speaker 4: going to make a billion dollars and not have to
- 9:29Speaker 4: pay Google, Amazon, Tesla, Meta. You're gonna have to pay
- 9:34Speaker 4: that tech tole road at some point or not be
- 9:37Speaker 4: on a big platform. Go check on Freshman Fit and
- 9:40Speaker 4: see how they're doing. If they like being on Rumble.
- 9:42Speaker 4: Stomach been rumbling ever since they got demonetized.
- 9:45Speaker 6: What are they doing they on Rumble? They for you
- 9:49Speaker 6: to that.
- 9:49Speaker 4: I think they got the demonetized. That's damn the same
- 9:52Speaker 4: thing you can promote. But rishad you ever looked at
- 9:58Speaker 4: Myron and be like, yo, you that.
- 10:01Speaker 7: The streaming platform.
- 10:02Speaker 6: They're only the only day behind paywall right now? Yep?
- 10:05Speaker 4: And the douce speed over a rumble Yeah, oh yeah,
- 10:09Speaker 4: I think I gotta do that and acts over there, Okay, Yeah,
- 10:13Speaker 4: and a couple of the right wing people.
- 10:15Speaker 6: Right, it's gonna be tough.
- 10:18Speaker 4: But yeah, going back to Priscilla when I when I
- 10:20Speaker 4: had to post put up. They are trying to solve
- 10:24Speaker 4: a real problem. Like yeah, and there's gonna be a
- 10:26Speaker 4: big migration from everyone in tech to healthcare. That's the
- 10:30Speaker 4: real bad. I keep going back to that poison index.
- 10:33Speaker 4: Nobody copy that, please, food, alcohol, drugs, pharmaceutical.
- 10:39Speaker 6: For all the diseases that.
- 10:40Speaker 4: Are prevalent in our society. Like and I was looking
- 10:44Speaker 4: the other day, I'm like, where can you even get watermelons?
- 10:46Speaker 6: And taxes that are seated.
- 10:48Speaker 4: If you look at commercial production of watermelons since nineteen
- 10:50Speaker 4: ninety seated watermelons have dropped by ninety seven percent. M
- 10:57Speaker 4: As a kid, you couldn't go in any you go
- 10:59Speaker 4: on a hood grocery store in nineteen eighty nine, nineteen
- 11:01Speaker 4: ninety two and get a seed waterman, it's tough. Now
- 11:04Speaker 4: it's hard to go on sprouts and get one. So
- 11:06Speaker 4: they migrated to food or pharma or the music business.
- 11:10Speaker 4: And everyone who's made all of their money in tech
- 11:13Speaker 4: when interest rates where zero to three percent, because all
- 11:16Speaker 4: the easy capitals going, they're going to transfer their way
- 11:18Speaker 4: over the healthcare and take over those spaces as well.
- 11:20Speaker 4: Mark and Priscilla just kind of navigating for everyone who's
- 11:23Speaker 4: criticizing it might get the criticism, but his wife is
- 11:25Speaker 4: a doctor.
- 11:26Speaker 1: An illegal alien from Guatemala charged with raping a child
- 11:29Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
- 11:33Speaker 1: accused of murdering a Texas man of Venezuelan charged with
- 11:38Speaker 1: filming and selling child pornography in Michigan. These are just
- 11:42Speaker 1: some of the heinous migrant criminals caught because of President
- 11:45Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
- 11:49Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
- 11:54Speaker 1: crossings are at the lowest levels ever recorded, and over
- 11:57Speaker 1: one hundred thousand illegal aliens have been arrested. If you
- 12:01Speaker 1: are here illegally, your next you will be fine nearly
- 12:05Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
- 12:09Speaker 1: never return. But if you register using our CBP home
- 12:12Speaker 1: app and leave now, you could be allowed to return legally.
- 12:16Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
- 12:21Speaker 1: border and families.
- 12:23Speaker 2: Will be protected. Sponsored by the United States Department of
- 12:25Speaker 2: homeland security,