What will life after AGI look like? A world run by AI.

Summary

Julie McCoy delves into the transformative potential of Artificial General Intelligence (AGI) in reshaping every aspect of human life, from work to societal norms. Through critical analysis and insights from thought leaders like Ray Kurzweil, Peter Diamandis, and Elon Musk, she explores how AI's advancements could usher in an era of abundance, redefining our relationship with resources, creativity, and productivity. The video raises crucial questions about the future of employment, education, and societal structures in a post-AGI world, suggesting that embracing AI could lead to more meaningful, liberated lives, while also cautioning against the societal risks if not managed wisely.

Takeaways

• 🧠 The rapid advancement of AI is poised to surpass human intelligence, potentially leading to significant societal changes.
• 📚 Books like 'The Singularity is Near' by Ray Kurzweil and 'Abundance' by Peter Diamandis offer insights into the future of AI and its impact on humanity.
• 🌱 The concept of abundance challenges the traditional notion of scarcity, suggesting that resources can be plentiful and renewable.
• 🌞 Solar energy is an abundant resource that has the potential to meet all of humanity's energy needs, yet it is vastly underutilized.
• 🤖 AI's role in the future may extend beyond simple tasks to encompass complex cognitive functions, potentially overtaking human capabilities.
• 🚀 The pace of AI development is accelerating, with new models being released at a super-exponential rate, leading to rapid advancements in technology.
• 🌐 The International Monetary Fund (IMF) has published a study highlighting the need for policy makers to prepare for an AI-driven future and its economic implications.
• 💡 Technological breakthroughs can unlock previously untapped resources, such as converting ocean water into drinkable water, addressing global issues like thirst.
• 🎓 The rise of AI could lead to new types of jobs and industries, emphasizing creativity, innovation, and critical thinking over traditional roles.
• 🌿 The potential for a meaningful and prosperous society exists if technological progress is coupled with smart investments in public services and sustainable practices.

Q & A

Who is Ray Kurzweil and why is his work significant in the context of AI?

Ray Kurzweil is an influential figure in AI and computer science with a 60-year career, known for accurately predicting technological advancements over 30 years. His work, including 'The Singularity is Near' and its sequel, offers advanced and technical insights into the future of AI, making him a revered source in the study of artificial intelligence.

What is the main thesis of Peter Diamandis' work as described in the video?

Peter Diamandis' work focuses on harnessing technology for humanity's benefit, advocating for an optimistic future where technological advancements lead to abundance and improved living standards. He collaborates with leading innovators like Elon Musk to promote this vision.

How does the concept of abundance challenge traditional views on scarcity and consumption?

The concept of abundance, as explored through examples of apple seeds and solar energy, suggests that the Earth has ample resources to support human needs. This challenges traditional views of scarcity by arguing that consumption can lead to more production and that technological breakthroughs can unlock vast untapped resources.

What does the International Monetary Fund (IMF) predict about the future of AI, according to the script?

The IMF predicts AI is on a trajectory to surpass human intelligence, with advancements accelerating at an unprecedented pace. It emphasizes the need for policymakers to prepare for scenarios where AI dramatically impacts labor markets and society.

What are the two scenarios of AGI development presented, and what do they imply for the future?

The two scenarios are AGI developing over 20 years, gradually overtaking human tasks, and AGI in 5 years, rapidly reaching full capabilities. Both scenarios suggest significant changes to labor and society, with a call for policymakers to consider their implications seriously.

How does the 1972 MIT study relate to current discussions on AGI and societal collapse?

The 1972 MIT study, predicting societal collapse due to resource overexploitation, parallels current discussions on AGI by highlighting the potential for both catastrophic risks and transformative opportunities. Technological progress, as with AGI, offers paths to avoid collapse and achieve a sustainable and prosperous future.

What are the potential risks and benefits of Universal Basic Income (UBI) in a post-AGI world?

In a post-AGI world, UBI could provide financial security in a landscape where AI displaces many jobs. However, the management of UBI could lead to either a more equitable society or exacerbate inequalities, depending on how it's implemented and regulated.

Which jobs are considered AI-proof according to the video, and why?

Jobs in statutory roles, meaning-based work, experience roles, and caregiving are considered AI-proof due to their reliance on human interaction, legal mandates, personal experiences, and emotional intelligence that AI cannot replicate.

What does the 'meaning economy' propose for the future of work?

The 'meaning economy' proposes a shift from a service and production-based economy to one where relationships, meaning, and experiences are prioritized over traditional economic activities, allowing people to pursue work they love.

How does the presenter view the role of AI in future societal structures and economic models?

The presenter views AI as a pivotal force that could lead to a radically different societal structure and economic model, emphasizing the potential for abundance, the transformation of work, and a shift towards a meaning economy. They advocate for a balanced approach that harnesses AI's benefits while mitigating risks.

Outlines

00:00

🌟 Welcome to the AGI Rabbit Hole

Julie McCoy welcomes viewers to her channel, where she delves into the impact of Artificial General Intelligence (AGI) on the future of human life and work. She emphasizes the transformative potential of AI to free humanity from traditional economic and productivity constraints, envisioning a world where life is significantly improved. Julie highlights her extensive research and critical thinking approach, and shares valuable insights from influential books by Ray Kurzweil and Peter Diamandis. These books explore the advancements in AI and their implications for creating a world of abundance, challenging the scarcity mindset ingrained by societal institutions.

05:02

📈 Navigating the AI Future with the IMF

Julie discusses a 2023 publication by the International Monetary Fund (IMF), which examines the rapid advancement of AI and its potential to surpass human intelligence. The report underscores the acceleration of AI development, exemplified by breakthroughs in generative AI and deep learning. It highlights the shift from human to AI-driven content creation and the possibility of AI overtaking all human capabilities. The IMF presents scenarios forecasting the timeline for AGI's emergence, emphasizing the need for policymakers to prepare for its wide-ranging implications on labor and the economy.

10:02

🔍 From Economic Collapse to Abundant Societies

Julie explores a 1972 MIT study that predicted societal collapse due to overexploitation of resources, and contrasts it with the concept of abundance enabled by AI. She points out the MIT study's alignment with current trends but argues for a future where technological breakthroughs, such as AGI, can lead to sustainable and abundant living. Julie emphasizes the importance of how AGI is developed and utilized, advocating for an approach that prioritizes global well-being over profit, to avoid a dystopian future and instead foster a world of abundance and prosperity.

15:02

🌱 Embracing a New Era of Abundance and Purpose

In the concluding paragraph, Julie delves into the potential societal shifts post-AGI, envisioning a future where the need for human labor by corporations diminishes, potentially leading to the implementation of Universal Basic Income (UBI). She discusses the types of jobs likely to remain 'AI-proof' and stresses the importance of statutory, meaning, experience, and care jobs in the future. Julie highlights her work in AI and invites viewers to engage with her content, emphasizing the need for a fresh perspective on economic growth and human purpose in the age of AGI.

Keywords

💡AGI (Artificial General Intelligence)

AGI refers to a hypothetical AI that possesses the ability to understand, learn, and perform any intellectual task that a human being can. In the video, AGI is presented as a pivotal moment in technology where AI might run the show, potentially leading to a transformation in how society functions, including work, education, and personal lives. The speaker suggests that AGI could free humans from the drudgery of work tied to currency and production, ushering in a new era of abundance and freeing up humans to live more fulfilling lives.

💡Abundance

The concept of abundance in the video challenges the traditional scarcity-based mindset, suggesting that resources on Earth and beyond are plentiful and can support human needs if managed and utilized correctly. The speaker uses the example of the apple's seeds leading to the production of thousands of apples to illustrate how consumption can lead to more production, not less. This concept ties back to the potential of AGI and technology to unlock these resources efficiently, pushing society towards abundance rather than scarcity.

💡Singularity

The singularity is a theoretical point in time when technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization. The speaker mentions Ray Kurzweil's book 'The Singularity is Near' to discuss how advances in AI and technology could bring us closer to this point, specifically highlighting Kurzweil's predictions on technology's exponential growth and its implications for society.

💡Automation

Automation is highlighted in the video as a process where technology, particularly AI, performs tasks that humans previously did. The speaker notes that automation has already replaced many jobs and tasks and suggests that as AI continues to advance, it could potentially perform all human work tasks. This concept is integral to the discussion on the future of work and the economy in a post-AGI world.

💡Universal Basic Income (UBI)

UBI is mentioned as a potential policy response to the challenges and opportunities presented by AGI and automation. It is a form of social security where all citizens of a country receive a regular, unconditional sum of money from the government. The speaker suggests that as corporations might not need human labor in the future, they could be taxed to fund UBI, ensuring that people have financial support even if traditional jobs disappear.

💡Economic Collapse

The video references a 1972 MIT study predicting societal collapse due to overexploitation of resources, tying it to the concept of rapid economic growth without sustainable practices. The speaker contrasts this with the potential for AGI to lead society towards abundance, suggesting that technology could help avoid such a collapse by optimizing resource use and supporting sustainable growth.

💡Creativity

Creativity in the context of AI is discussed as an area where AI is making significant strides, challenging the notion that creative tasks are solely the domain of humans. The speaker shares personal experiences of AI generating creative content that surpasses human capabilities in some aspects, suggesting that creative jobs could be at risk of automation as AI continues to evolve.

💡Economic Cooperation

The International Monetary Fund (IMF) is mentioned as a global organization aimed at fostering economic cooperation and stability. The speaker references a publication by the IMF discussing the impact of AI on the future economy, underscoring the importance of international cooperation in managing the challenges and opportunities presented by AI.

💡Policy Makers

Policy makers are called upon in the video to consider the implications of AGI and automation on society and the economy. The IMF's call to action for policy makers to take scenarios of AGI seriously and to prepare economic and financial policies that can adapt to these changes reflects the urgency of proactive planning for a future shaped by AI.

💡Job Displacement

Job displacement is a concern addressed in the video, with the speaker noting that as AI and automation advance, many current jobs and industries could become obsolete. This displacement is part of a broader discussion on the future of work, suggesting that society must prepare for significant shifts in employment and consider measures like UBI to support individuals in a rapidly changing job market.

Highlights

Julie McCoy explores the rabbit hole of artificial intelligence, focusing on a post-AGI world where AI runs everything.

Introduction to influential books by Ray Kurzweil and Peter Diamandis on AI and its future impact.

Discussion on abundance and how AI could shift our perspective from scarcity to abundance.

Insight into the potential of solar energy and ocean water desalination to solve humanity's energy and water scarcity issues.

Overview of a study by the International Monetary Fund on planning for an AI future and its implications.

The rapid advancement of AI, including CHBT's shock to the system in generating human-quality code.

The potential for AI to overtake all human capabilities, including creativity.

Different scenarios for the arrival of AGI, from 5 to 20 years, and their implications on labor and society.

The IMF's call to policymakers to prepare for a post-AGI world by testing economic and financial policy frameworks.

A look back at a 1972 MIT study predicting societal collapse due to overexploitation of resources and its relevance today.

The potential for a shift towards a 'meaning economy' where work is based on relationships, meaning, and experiences rather than traditional economic activity.

Discussion on jobs that may be AI-proof, focusing on statutory, meaning, experience, and care jobs.

The role of Universal Basic Income (UBI) in a post-AGI world and the potential for a more abundant life free from the ties of production.

Concerns over the future management of AGI and the impact of its development being controlled by profit-driven corporations.

Encouragement for viewers to engage with the topic of life post-AGI and to subscribe for more content on artificial intelligence.

Transcripts

hey there welcome back to my channel if

you've seen my content before if you're

new here welcome my name is Julie McCoy

I explore the rabbit hole of artificial

intelligence so for today's topic we're

going to talk about what Will life look

like in a world post AGI where

artificial intelligence basically runs

the show does everything for us changes

everything as we know it so not only do

we work differently we actually get to

live our lives differently and possibly

have a better life than the life we've

known for centuries where we are tied to

currency to production AI could actually

free us up from that so I've been

studying this put thousands of hours of

reading and research of my own into this

and I'm bringing you the best of what

I've learned on my channel I'm a

critical thinker and if that's you

you're going to enjoy this channel

welcome to the rabbit hole let's get

into life post AGI okay so I wanted to

share with you a few books that I've

really been enjoying that have kind of

opened my eyes to the possibility so you

can kind of see I'll just kind of walk

you through some of them so this one is

Ray KW The Singularity is near he's

actually launching a sequel called The

Singularity is nearer can't wait to get

my hands on that he has been in Ai and

computer science for 60 years and he has

accurately predicted what's going to

happen in technology for 30 years

running so that's why I love Ray

kerswell so the singularity is near it's

quite the read I would say it's very

Advanced and very technical so I don't

read it all day cuz it hurts my brain as

a creative person but it's awesome I

also have his book the age of spiritual

machines very interesting thoughts and

here a little bit less heavy than the

singularity book but also quite

interesting and then anything by Peter

diamandis I am a big fan of he is such a

pro and expert and entrepreneur really

trying to help Humanity find their best

footing in this new age he's been doing

that for years he works with Elon Musk

and other futurists and entrepreneurs

that are just at the top of their game

this book will completely change your

mindset on what is possible and I can't

recommend it enough out of all three

books this is the one I would get and

start reading because it really will

open your mind to put everything into

perspective that I'm about to share with

you in this video the idea of abundance

is where I want to start so a lot of us

myself included have been in dare I say

institutionalized situations whether it

was school whether it was church I have

been in these situations where you're

taught to think a certain way and that

method of thinking is often scarcity

there isn't enough you have to

constantly produce and we are always

running out low on time low on materials

money you name it but what's interesting

and my eyes were really open to this

studying Peter diamandis his book on

abundance the Earth isn't wired that way

I'll break it down very simply so if you

have one apple one apple produces 10

seeds from one seed can come one apple

tree one apple tree can produce anywhere

from 200 to 300 00 apples now of course

there's some that can produce 1500 but

for low average let's just say 300 so if

we take one apple 10 seeds one seed one

tree 300 apples one apple when you

consume it can produce 3,000 more apples

when you really think about that I'm

telling you you will start to see the

world differently and what that means is

we actually birth more production from

consumption than we do from creating

here's another super crazy example I

learned this from listening to Elon Musk

on spaces he was sharing how he believes

in the power of solar energy right you

see that in his work at Tesla did you

know that in 1 hour the Earth receives

enough power from the Sun to meet all of

Mankind's energy needs for one year but

the world actually uses less than 1% of

the sun's energy for our electricity

needs that means like 99% of the sun's

Rays hitting the Earth are unusable to

us since technology breakthroughs have

occurred in the history of the world all

a technology breakthrough is is US

humans literally uncovering discovering

a breakthrough of how to use something

that already exists whenever we figure

out how to make the ocean water

drinkable that will turn the 98% of the

water here on Earth that's undrinkable

into drinkable water no one needs to go

thirsty again so the truth is the

resources are here and it's actually up

to us to crack the code of how to use it

I think that's pretty cool it just

reinforces the need for innovators

critical thinkers people who are willing

to break the norm and go after something

new build assets and return to the world

more than what they arrived with all

right so now that I've hopefully kind of

prepped your mindset I want to move into

a life post AGI because AI is here it's

advancing unlike any other technology in

the history of the world and it's going

to change economy Society Life Family

education work Health you name it as we

know it so I want to read to you some of

the findings from a study published a

couple months ago December of 2023 by

the international money fund and if

you're not aware of this Global

organization it was built from 190

countries that wanted to well it was

governed by 190 countries built by 44

countries that were seeking to build a

framework for economic cooperation it

was actually established after the Great

Depression and it currently lends $1

trillion to its member countries so it

St stabilizes and supports economic

policies that promote stability in the

financial system this is a pretty

interesting organization right it's

governed by multiple many countries so

whenever they release a publication

there's some pretty good stuff in here

it comes from real data so here's what

they published December of 2023 talking

about how to plan for an AI future so

I'm just going to pick apart some pieces

from the study that I want to pull your

attention to so first of all they're

saying that AI is on a trajectory they

say maybe but they really mean it is on

a trajectory to surpass human

intelligence and we should be prepared

so AI is rapidly advancing the pace of

progress has accelerated in recent years

chbt released in November of 2022

shocked people right it could generate

human quality code that written content

we saw text models win which is why I

completely pivoted I am no longer a

writer for hire I used to do that for 10

years I don't believe in that model

anymore I think it's going to be

completely overtaken by a I think and

I've seen studies and research that

supports this the majority of content we

see online will be AI generated because

you can do it just so much simpler

easier quicker faster thought leadership

very Advanced and experience heavy

content a lot like this one people are

still going to want to listen to people

so there's still a margin for the person

even in content but if you're writing

content to ranking Google and your face

doesn't really matter to the success of

that content yeah AI can do that so This

research report goes on to say that the

foundation models behind generative AI

which is the biggest breakthrough we've

ever seen has been advancing for more

than a decade so it's the compute that

is powering the reason for this

exponential actually the word is super

exponential not exponential I heard that

on Peter diamand's show moonshots the

other day what that means is we're

looking at Ai and a technology that is

doubling every six months it's

Unthinkable what it can do month to

month we're seeing this with the release

of new models Leaps and Bounds ahead of

old models literally released in weeks

and months apart from each other one of

the quotes here is from Jeffrey Hinton a

computer scientist who actually laid the

theoretical foundations of deep learning

he said I have suddenly switched my

views on whether these things are going

to be more intelligent than us and he

conjectured that AGI which is AI that

possesses the ability to understand

learn and perform any intellectual task

a human being can form it could happen

within 5 to 20 years and this article

goes on to say that we could be looking

at it a lot sooner we could also be

looking at it a lot later it's actually

kind of hard to tell and this is

regarding the launch of AGI however some

facts stand one of those facts is that

automation has already taken over many

tasks that only humans could perform you

know I would say one of those surprising

areas that AI can do better than a human

very often is creativity I have seen

chat gbt perform leaps and balance ahead

of me at producing creative texts for

newsletters content ideas product

launches you name it infinitely more

creative than me and I'm shocked but I

do believe that a lot of creative jobs

are on the chopping block because AI has

billions of data points and if you think

about it that is creativity you're

pulling from the language you know and

all the points of data you know to

position something in the most creative

way you're not necessarily creating

something new and AI can do that just

infinitely better cuz that's a strength

it has so as AI advances human beings

may be able to continue to move into

more complex tasks or AI May overtake

all human capabilities I believe

studying this that AI will overtake all

human capabilities it's crazy to think

that because I've always lived in a very

real world where I get paid based on how

well I know my work I get paid based on

how good the results are that I get from

my clients so I live in a very real and

Scrappy world if this doesn't work I got

to be harsh and real about it so I'm

telling you as a realist I'm surprising

Myself by saying I believe the biggest

stretch is true I do think that we are

going to see AI able to overtake all

human capabilities so there's a couple

scenarios painted here by the IMF and

one is Agi in 20 years where AI

continually and gradually advances to

that point which devalues labor and

performs basically generates the

performance of all human work tasks by

the end of that period so the assumption

is that it would take 20 years for the

most complex cognitive tasks to be able

to be done by AI or AGI the next

scenario is Agi in 5 years if we look at

this chart and this study done by the

IMF so this is where we have an

aggressive timeline where AGI with all

the associated consequences for labor is

going to be reached within 5 years the

authors believe that each of these

scenarios have a greater than 10%

probability and that's kind of where

they land so okay either could go and

then they're calling out policy makers

that it's time to take these scenarios

seriously and really stress test

financial and economic policy Frameworks

that could perform in these scenarios if

you think about a life post AGI I think

first of all we're going to see an

entire collapse of everything as we know

it right you see this as artificial

intelligence shoots up and it just gets

smarter and smarter and it picks up in

that infinite Leap Forward it's going to

eat up so many jobs and so many

Industries because if you can just run a

Petry dish through Ai and it's going to

tell you in seconds what it would take a

human biologist or scientist months

maybe years to figure out well heck

you're going to use Ai and that's the

truth so I want to leave the IMF and

pull you over to something pretty crazy

back in 1972 there was an MIT study that

predicted that rapid economic growth

would lead to the collapse of society in

the mid 21st century people have gone

back and studied this 1972 paper and

they found that were right on track with

what it

predicted so the point that these MIT

scientists were making in this paper

from 1972 was to study the risks of

civilizational collapse where they're

looking at impending limits to growth

due to overexploitation of planetary

resources now what did we talk about at

the beginning abundance consumption

produces abundance as we grow as we

learn as we use things we learn how to

tap into the power of more because the

Earth is provided with 10,000 times

maybe a million times more resources

than we could ever use space as well

right solar energy the Galaxy so this

paper was saying that if we Leap Forward

into this abundance too much we're going

to create a total collapse of society

and this paper predicted a few scenarios

one where we actually hurt food

production and standards of living and

then another scenario where we do not

lose out on those things but we actually

gain production of good things like more

food and we lose and we completely avoid

things like pollution so when experts

went back and studied this 1972 study

they did it in 2020 by the way and they

presented findings at the world economic

Forum their finding was that

technological progress and increased

investments in public services canot

just avoid the risk of collapse but lead

to a new stable and prosperous

civilization operating safely within

planetary boundaries but we only have

the next decade to change course so the

expert that presented this 1972 study

was saying to policy makers hey we need

to basically come up with an agnostic

approach to growth something she called

a growth which focuses on other economic

goals and priorities and it's

interesting right because now we see

fights between Elon Musk and Microsoft

and we see big corporations fighting

over the right basically to release AG

will this come from an entity with

commercialized intent will this come

from a power hungry money hungry

Corporation or will this end up in the

hands of people that actually care about

a growth an agnostic approach to growth

which focuses on the economy the world

versus how do we make the most money out

of AGI and that could really lead us

into a dystopian future where there are

slums and there are things like you see

in the movie elisium and there are Elite

sectors that only the people that have

tons of money and resources will get to

live in I think that it is too early to

call the entire collapse of civilization

and in fact I look ahead and I see the

potential for abundance a world where we

can tap into the power of the sun

through breakthroughs given to us by

artificial intelligence and AGI a world

where AGI tutors are individually

training our kids better than any school

teacher could imagine three teachers to

one student well that's not humanly

possible right now but it is in a world

post AGI I also agree with the idea

presented by David Shapiro another

YouTuber of the meaning economy where we

go from a service Economy based on

production and monetary tied output to a

meaning economy where people get to do

work that they love and relationships

meaning and experiences are prioritized

over the traditional economic activity

now I identify as a capitalist I'm not

going to lie I've been an entrepreneur

for a decade but I really believe that

we have to see this differently we

cannot actually look at this through the

lens of a capitalist or even a socialist

we have to look at it through a truly

agnostic lens because if you think about

it corporations won't even need humans

anymore and if that fundamental need is

taken away then we actually have freedom

opened up for more abundant lives where

we are not tied to production anymore so

some of the jobs that David Shapiro

brings up that he believes are AI proof

completely agree with statutory jobs

where rol are mandated by law they could

be paid they could be not paid because

Ubi is absolutely a thing Universal

basic income and I believe that when

corporations don't need humans they are

going to be taxed and from that tax will

be produced Ubi Universal basic income

and the world will for the first time

have the chance to not be tied to wages

because they will be provided with that

now I think there's a ton of dangers we

can do a whole another video just on Ubi

let me know in the comments I think in

the hands of the wrong person that could

get very socialist that could get very

regimented and it could also lead us

straight into a dystopian Society with

the elite reigning over the rest and

that's not cool but I also think that it

could lead us into something really

special where we do get to lead more

abundant lives that are not tied to a

monetary performance so statutory jobs

you know making laws around all of this

meaning jobs where we are working with

people on a societal level providing

spiritual philosophical social insights

this is clergymen this is philosophers

this is influencers kind of going back

to the beginning of time when people

gathered and they philosophized together

there was a lot of that in our early

days of the earth experience roles tour

guides massage therapists entertainers

people that have resources and have

money post AGI are not going to want to

hire a robot to spend time with them

they're still going to want to hire that

specialized tour guide experience-based

person so any kind of on the ground real

life experience-based job I don't think

it'll go away and care jobs if you're an

ananny if you're a caregiver if you're a

healthcare worker I don't think those

jobs are going away do you want a robot

picking up nursing and cuddling your

baby your baby's going to scream unless

we're so Advanced that that robot looks

incredibly lifelike but I think a baby

will tell the difference I don't think

you can fool a baby so these are the

jobs that are not going away and I

highly recommend watching David

Shapiro's video for more on this called

life in 20 years predictions on the year

20 44 I'm researching this topic on The

Daily I work in AI full-time as the

president partner at continent scale one

of the world's best AI SEO writers that

generates truly helpful undetectable

humanlike SEO content for your blogs and

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power of AI learn more at continent

scale.ai be sure to subscribe to this

channel hit me with comments tell me

what you think I'd love to hear your

questions and I'll see you right back

here on my Channel at Julie McCoy thanks

for watching