When Will My AI Investments Payoff? "When I Buy A New Toaster"
Summary
TLDRIn this engaging video script, a retired financial adviser named Carrie shares her insights on the transformative power of AI and its impact on future investments. She emphasizes the importance of listening to Tesla's earnings call for investors to understand the future of technology and the economy. Carrie discusses the current state of AI, primarily in the hands of big tech companies like Meta, Amazon, Google, Microsoft, and Tesla, and predicts that AI will become a significant economic driver once it's widely adopted by individuals. She envisions a future where everyday appliances are AI-enabled, making life more convenient and turning idle assets like cars into money-making machines. Carrie also highlights her focus on identifying investment opportunities in companies that are set to benefit from the AI revolution, such as semiconductor manufacturers, and encourages viewers to join her in recognizing and capitalizing on these changes.
Takeaways
- đ **Market Discussions**: The speaker participates in weekly Zoom calls to discuss market activities and insights.
- đ€ **AI Impact**: There's a debate within the group about the impact of AI on the future, with the speaker strongly advocating for its inevitability and importance.
- đ **Autonomous Vehicles**: The speaker highlights the potential of autonomous vehicles to become money-making machines once legal barriers are overcome.
- đ° **Investment in AI**: Major tech companies like Meta, Amazon, Google, Microsoft, and Tesla are investing heavily in AI, indicating a strong future for the technology.
- đ **Market Opportunities**: The speaker identifies undervalued stocks in sectors like semiconductors that are expected to surge when demand for AI increases.
- đ **Infrastructure Building**: Current investments are focused on building the necessary infrastructure for AI, which will enable broader adoption in the future.
- đ§ **Computing Power**: The concept of leasing unused computing power, similar to how cloud services work, is presented as a future possibility for individuals.
- đ **Networked Economy**: The speaker envisions a future where everyday appliances are networked and capable of making autonomous decisions, powered by AI.
- đ± **Personalized Services**: AI will enable personalized experiences, such as Netflix suggesting shows based on viewing history and mood.
- đ **Stock Market Strategy**: The speaker is building an AI stock-picking program to analyze data and make investment decisions, focusing on companies facilitating AI and those waiting for increased demand.
- đ **Future Demand**: The speaker predicts that demand for AI will skyrocket within two years, leading to significant changes in the market and technology sectors.
Q & A
What is the main topic of discussion during the weekly Zoom call?
-The main topic of discussion during the weekly Zoom call is the review of the previous week's market activities, including stock trading insights and the impact of AI on the future of investment.
Why is listening to Tesla's earnings call considered important for investors?
-Listening to Tesla's earnings call is considered important for investors because it provides insights into the future of technology and the automotive industry, particularly regarding advancements in AI and autonomous vehicles.
What is the current state of autonomous vehicles according to the speaker?
-The current state of autonomous vehicles is that the technology exists, with Tesla having 1.8 million autonomous-capable cars on the road, but legal regulations in the states have not yet caught up to allow for hands-free driving.
How does the speaker envision AI changing the world in the future?
-The speaker envisions AI changing the world by integrating into everyday appliances and vehicles, turning them into 'money-making machines' that can operate autonomously and even lease their computing power when not in use.
What is the significance of the investment in AI by big tech companies like Meta, Amazon, Google, Microsoft, and Tesla?
-The investment in AI by big tech companies signifies the building of infrastructure for the delivery of AI technologies. It indicates the direction of future economic drivers and where the next wave of innovation and profitability will come from.
Why does the speaker suggest that individuals should consider getting involved with AI?
-The speaker suggests that individuals should get involved with AI because it will become an integral part of everyday life, affecting how people work, travel, and even compute in their personal devices, thus presenting significant opportunities for investment and financial gain.
What is the speaker's perspective on the current state of AI in the economy?
-The speaker believes that AI is not yet a real economic driver because it has not been widely adopted by the general public. It is currently in the hands of big tech companies, but the speaker anticipates a shift once individuals start integrating AI into their lives.
How does the speaker plan to identify investment opportunities in the AI sector?
-The speaker plans to identify investment opportunities by analyzing market trends, recognizing companies that are facilitating change, and looking for currently depressed companies that are poised to meet future demand for AI technologies.
What is the speaker's timeframe for when AI will become a significant part of people's lives?
-The speaker estimates that AI will become a significant part of people's lives within the next two years, as they predict a demand for smarter appliances and autonomous services in the near future.
Why does the speaker use the example of Netflix and Audible to illustrate a potential AI investment opportunity?
-The speaker uses the example of Netflix and Audible to illustrate how companies that adapt to consumer needs and provide personalized services can disrupt traditional markets and create successful businesses, which is a model they believe AI-driven companies will follow.
What is the role of the speaker's 'tribe' in their investment strategy?
-The speaker's 'tribe' plays a crucial role in their investment strategy by coming together to discuss, challenge, and analyze potential investment opportunities, providing a collaborative environment for identifying the next big stocks in the AI sector.
Outlines
đ€ Friday's Market Discussion and AI's Impact
The speaker discusses a weekly Zoom call with their group where they review market activities. The conversation becomes intense due to differing views on AI's influence. The speaker emphasizes the importance of listening to Tesla's earnings call for investors interested in the future, even going as far as to suggest a 'dumbass' tattoo for those who don't. The discussion touches on AI's current state, its control by big tech, and projections for when AI will become an economic driver and part of everyday life, such as turning cars into autonomous money-making machines.
đĄ Leasing Unused Compute Power and AI in Daily Life
The speaker ponders why individuals can't lease their unused computer power to services like Amazon Web Services. They envision a future where people can profit from their unused resources, like cars and computers, and discusses how this could transform lives and reduce reliance on government welfare. The speaker also shares their expectations for AI in everyday appliances, predicting a two-year timeline for intelligent devices to become mainstream. They express their desire for personalized AI services, like a toaster that adapts to the food it's toasting and an AI-driven stock-picking program, and discuss investment opportunities in companies that are set to benefit from the AI revolution.
đ The Role of the 'Tribe' in Identifying Investment Opportunities
The speaker highlights the importance of their 'tribe' or group in challenging and discussing investment ideas. They mention their background as a retired financial adviser and their belief in the changing world, focusing on companies that are driving or will benefit from these changes. The speaker identifies certain stocks that are currently undervalued but have the potential to surge once demand for their products increases. They encourage joining their movement for those interested in being part of the evolving economic landscape.
Mindmap
Keywords
đĄAI
đĄTesla Earnings Call
đĄAutonomous Automobile
đĄCapEx
đĄStock Trading
đĄSwing Trading
đĄSemiconductor
đĄAI Stock Choosing Program
đĄNetflix
đĄSoundHound
đĄEV (Electric Vehicle)
Highlights
The speaker emphasizes the importance of listening to Tesla's earnings call for investors interested in the future of technology and AI.
AI is projected to transform the world, with major tech companies like Meta, Amazon, Google, Microsoft, Apple, and Tesla leading the charge with significant investments in AI research and development.
The autonomous automobile is a current example of AI technology, but legal restrictions prevent its full utilization.
AI's economic impact is contingent on widespread adaptation by individuals, not just the tech giants.
The speaker predicts that AI will become a personal economic driver when individuals start using autonomous vehicles to generate income.
An example of future AI application is leasing unused compute power from personal devices to services like Amazon Web Services.
The concept of turning everyday items, like cars and computers, into money-making machines is a key aspect of how the world will change with AI.
The speaker is developing an AI stock choosing program to analyze data and make investment decisions.
Investment opportunities in semiconductors are highlighted as many household items are expected to become AI-enabled in the future.
The speaker discusses the potential for AI to personalize and automate everyday tasks, such as grocery ordering or entertainment selection.
AI's future is anticipated to include smart appliances that can make decisions and perform tasks independently based on learned preferences.
The speaker expects demand for AI and semiconductors to increase significantly within the next two years as consumer expectations for smart technology rise.
Investment strategies are being focused on companies that are facilitating or will benefit from the shift towards AI and smart technology.
The importance of being part of a 'tribe' or group for collaborative investment discussions and idea sharing is emphasized.
The speaker shares their vision of investing in companies that will meet the future demands of consumers for personalized AI services.
The analogy of Netflix's disruption in the entertainment industry is used to illustrate the potential impact of AI on various sectors.
The speaker is on a mission to identify and invest in the next big companies that will emerge from the AI revolution, similar to how Amazon and Audible did in their respective fields.
A call to action for listeners to join the speaker's movement and be part of the AI-driven future is made.
Transcripts
every Friday our tribe our group uh has
a zoom call and we discussed the last uh
week's Market activities and I go
through what I think is important and
Trent goes through his and Mark explains
more about stock trading or swing
trading and and this Friday it got a bit
heated basically because there is a
difference of opinion as to Ai and when
is AI going to take an effect and I made
the statement that if you have not uh by
the following Friday listened to the
Tesla earnings call I demand that you
put on your forehead a tattoo that says
dumbass because if you're an investor
and you want to be a part of what is
going to happen in the future and you
don't listen to Tesla's earnings call
you are a dumbass and so declare it to
the world and we'll get it out of the
way well some people got a little upset
about that thought I was a little bit a
but bit of a dumbass myself but the
reality is AI is going to change our
world in the way that Elon and his for
compatriots basically explained it is is
eye opening they're they're going to
turn my cars into money making machines
and so the question came and Trent
brought it okay yeah maybe what if but
when when is it going to happen well it
again if you listen to the the the
earnings call Elon and then it basically
explain it they tell you that the the um
the the autonomous automobile is there
they have 1 thou
1,800,000 of them out there the problem
is the states have not basically said
that you can go ahead and take your feet
off the pedals and your hands off the
steering wheel and you're fine but but
the states aren't there yet so again the
question became when when is as Trent
said and he's right that AI is is not an
a real economic driver until you and I
adapt it until you and I become a part
of it AI right now is is in the hands of
big Tech and here look at this this is
something I put together that the that
meta Amazon Google Microsoft poller or
apple uh Tesla and poller has basically
said this is what they're going to spend
this year in 2024 on capex Research
development on towards AI so you can see
there that um Med is making the biggest
contribution from a point from a
percentage point of view at $40 billion
totally it's
$26 billion they're collectively going
to spend but again that's money being
exchanged basically from these people
with with uh Jensen Wong and and and and
Micron and people like that they're BAS
basically at this point building the
infrastructure for uh the the delivery
of AI the real question is when does you
when do you and I get involved when do
we get rid of our gasoline cars or at
least one of them and put a vehicle in
our garage that can make money for us
okay that's an autonomous vehicle that
when I go to sleep or when I'm not using
it it opens the garage door and it goes
and it picks you up and takes you to the
grocery store or to work or whatever and
you pay and I get part of it and some
whoever the manufacture or the the the
Tesla or GM or whoever they get part of
it too and they turn my car into a
money-making machine in fact if you'll
listen to Elon he says even while it's
in the garage not running we're going to
use the computer in it and lease it to
Amazon web services so that we get paid
for use of the compute the compute what
the hell does that mean well I got to
thinking I used to use one of these this
is a number two pencil um and I used to
use it in grade school and I would put
numbers down and then I would add them
and then put another down and subtract
it that's compute that's compute and
then it changed and and I got a
calculator and I would put numbers in
and it would give give me the answer
that's compute and then I was always
amazed when I would go into this office
and this lady would be there eating a
sandwich and then in her with her right
hand she would be pressing numbers and
calculating and then a white paper would
come out the top and she'd say the
answer is that's
compute okay well now we have it so that
we have a phone it gives us it gives us
answers that's compute it's processes in
that phone or in that computer or or in
that laptop that's Compu the reality is
though we don't use it all the time I
use my computer roughly eight hours a
day so why can't I lease the non-used
compute power in my computer to Amazon
web services or to a you or or whoever
why can't I do that well I am not
attached to a network that would allow
that to happen that's in my future we
talk about how are we going to how are
we going to get people off of Government
welfare how are we we're going to turn
them into moneymaking machines by using
their car as a taxi service when they're
not using by using their computer while
they're not using it that's how the
world's going to change and if I
recognize that I then can learn who to
invest in to to make money now as Trent
said to me yeah but when that's when is
that going to happen what is going to do
demand that I uh get involved in AI when
my refrigerator will not play place an
order for yogurt when I'm down on yogurt
when my pantry will not make a a order
with Publix for noodles when I'm running
out of noodles when my toaster does not
recognize the difference between a bagel
a piece of bread or or so or a waffle
when I say damn it I want my toaster to
respond to what's in there and toast it
to my taste and I'm not happy with this
toaster that won't do that so I'm going
to go get a new one I don't want to have
to make the decisions of what at what at
what temperature do I cook something in
my oven I want my oven to make that
decision and then I want it I don't want
to have to turn it off I want the oven
to turn off when that stuff is done
that's AI in the future I want when I
want that I'm going to demand it and
Trent that is when AI is going to take
off how far off is that in the future I
would say two years I would say I will
be demanding a new toaster in two years
the other thing I'm going to be
demanding is an AI stock choosing
program that's what I'm building I'm
building an AI program that I'm bringing
all the data in to analyze it but I've
got to then put my mind to it and
analyze that data and come up with a
decision like right now I believe the
investment opportunity of the lifetime
is that there because I'm not yet
demanding a new toaster but when it does
when I do semiconductors are going to
explode because everything that is in my
house will be replaced I don't want to
sit down and have to decide what I'm
going to watch on Netflix I want Netflix
to say based on your history based on
your mood Carrie because we've been
Gathering that data all day and we know
that you're a little depressed and you
need something to build your your funny
bones up and and so this is what we're
going to show you today carry I want
that and I will demand it now right now
where I recognize the opportunities are
is the semiconductor demand is not there
so they're depressed so I have stocks
like
aehr who is down 45% and I know they're
going to come back because I've analyzed
them I have stocks like SoundHound that
I know is going to provide me with a
device that is going to have my data on
it it's going to have what I want it's
going to be my stock trading platform
that has AI in it that is built around
semiconductors and Ai and it has nothing
to do with with commodities and and
things I'm not interested I that's what
SoundHound is going to present to me I
recognize that SoundHound is is is
basically like Netflix Netflix
recognized that we did not want to go to
the store and rent and rent videos we
didn't want to receive them in the mail
we wanted them digitized so that we
could pay $19.99 a month and have them
at our at our will that's what the
digital resolution the AI Revolution is
going to provide
me with those things for my specific
needs for what I want for what my world
and that's what I'm going to invest in
I'm going to find the next the another
SoundHound what is SoundHound like
Amazon remember how it put borders out
of business because it gave me the books
that I wanted right now I also uh how
about uh um audible yeah they put the
books in my ears and I'm dyslexic so I
can't read that well so they they
adapted something to my need and created
a business out of that's what else I'm
looking for and that's what my tribe
brings to my attention and says Carrie
have you looked into this stock it's
it's going to
change but I can't do that by myself so
I have a tribe so I get together that's
how I started this video every Friday
and for two hours a group of us argue
with each
other and challenge each other and say
go to that ch she car and explain it now
go back in in what you've got hidden
them in there and how you analyze it and
and explain it explain it to us if you
go find my stock talk from Friday you'll
understand what I mean but be prepared
if you show up at our stock talk next
Friday and you don't haven't seen Tesla
or listen to Tesla's earnings work don't
read the transcript listen to it if you
show up and you haven't listened I
expect you to have a tattoo on your
forehead okay I'm Carrie grar I'm a
retired financial adviser I believe my
world is changing and I believe that I'm
putting together a company that
recognizes that change recognizes the
companies that are going to facilitate
that change and then also recognizes the
depressed companies that are waiting in
the wings because what they have to
deliver is is not in demand yet right
now if you were a part of the EV
business you're depressed your
semiconductor service is depressed but
once I demand that
toaster Katie Bar the Door AE HR is
going from 4 to 40 or I think it's no I
think it's 14 to 140 you can bet on that
all right I'll talk to you again
tomorrow and oh by the way if you want
to be a part of this
movement get on the bus
[Music]
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