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welcome to money is freedom

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a podcast

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exploring how finance and freedom connect in our lives

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created from thoughtful research

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and narrated by Notebook LM AI

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this series brings you clear

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meaningful insights into finance and beyond

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welcome to Episode 7 Today on Election Day

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we're shifting gears to explore a topic

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reshaping Industries Worldwide

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Artificial Intelligence in this episode

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we'll dive into the latest insights from the 2024 AGM

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Maritec Market Report narrated by Notebook LM AI

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this report reveals AI's profound

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impact on public and private markets

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its transformative potential and software

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and what it means for businesses

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navigating this new landscape

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so take a break from the election buzz

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and join us for a look at the future of AI

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and its role in reshaping the market

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welcome back everyone we're diving deep today

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into how artificial intelligence is transforming

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the world of software sounds pretty complex

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it is but it's also incredibly exciting

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you know we've got market analysis

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investment trends oh wow

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and some really interesting

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expert predictions to unpack today okay

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sounds good yeah

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we're gonna try to answer some big questions too

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like what what is AI actually living up to all the hype

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yeah is it all just hype or exactly yeah

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or is it a real game changer right

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and you know we'll look at our startups

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actually challenging the big players in this space yeah

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that's a good one and ultimately

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and this is the most important part okay

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what does this all mean for you

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you know regardless of whether you're a tech expert

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right or just someone who uses software every day

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yeah that's a big one

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I think it's something everyone wants to know

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exactly what does this actually mean for me

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exactly yeah

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so to kick things off one thing that's really striking

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is that

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we're not just talking about incremental changes here

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the research really suggests that AI

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is gonna completely redefine how software is made wow

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how it's marketed and even how we use it yeah

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it feels like change is happening so fast

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it really is and the data backs it up

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oh how so

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well just look at this

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nine tech and AI companies

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just nine I count for 34%

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why of the entire SMP 5 hundreds marketcap

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that's a huge chunk it is

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it's massive and get this okay

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there's actually data showing that

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just by mentioning AI during earnings calls

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like name dropping it yeah

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basically companies are seeing their stock prices go up

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oh wow

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so the markets really paying attention

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they are laser focused on AI

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that's interesting

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but here's where things get a little more interesting

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okay when we look at the private markets for like

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venture capital and stuff

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exactly we see a bit of a different story hmm

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venture capital funding

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it's actually remained pretty strong okay

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and AI is attracting a huge chunk of that funding

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so there's still a lot of confidence there

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oh absolutely

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in fact okay

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almost half of all new unicorns

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unicorns meeting those billion dollars startups right

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right yeah

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almost half of them are AI focused

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wow so investors are still pouring money into AI

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they are but there's a paradox

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oh what's that

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the number of tech ipos so companies going public

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right has actually plummeted to a 15 year low

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oh wow

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that doesn't sound good it's interesting right

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it's like

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investors are happy to fuel these AI ventures early on

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right but they're hesitant

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to fully commit when it comes to the public markets

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so maybe some doubts are creeping in

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it's possible yeah

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that makes sense yeah

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you know there are concerns about regulations

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about market volatility

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and maybe some are worried that the AI

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hype is a little overblown

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yeah I could see that

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so it's a dynamic landscape for sure definitely

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but you know

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despite all that uncertainty

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yeah a lot of experts are saying that AI

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is the next big wave of innovation

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bigger than the cloud like even bigger than that

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they're actually saying

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it could be even bigger than cloud computing

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wow okay

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so what's making them so confident

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well

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I think it comes down to this sheer scale of what AI

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can do oh okay

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what do you mean by that well

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it's not just about automating tasks

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you know right

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it's about completely new ways of doing business

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hmm like one of the most interesting ideas is this

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concept of services software

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services software I haven't heard that one before

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it's pretty wild basically

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the idea is that AI agents

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AI agents like a little AI worker yeah

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basically they can act independently

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so without us even needing to tell them what to do

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exactly they can complete tasks

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without us needing to interact with software directly

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so like no more clicking around in apps or websites

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potentially yeah

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it's like imagine your AI handling things like

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let me guess booking travel

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yes exactly

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or managing investment yes

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even composing emails

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all without you ever opening an app

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that's kind of mind blowing when you think about it

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it is

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and here's another key difference from cloud computing

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okay remember how

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there's a lot of resistance to cloud computing

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early on yeah

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people were skeptical exactly

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but with AI it's almost the opposite really

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it's being embraced across pretty much every industry

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so companies are really buying into this

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they are they see it as a way to streamline operations

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make things more efficient

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cut costs of course

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right

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but also to create entirely new products and services

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so it's not just about doing the old things better

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it's about doing completely new things

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exactly that's pretty exciting

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it is but

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let's talk about what this means

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for existing software companies okay

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especially those sauce companies right

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yeah the software is a service companies

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yeah seems like they might be in for some big changes

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definitely could be a real shake up

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how so we'll think about it

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okay their traditional strength

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things like having a really user friendly interface

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right make it easy to use

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and high switching costs yeah

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making it hard for customers to leave

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yeah that lock in effect

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those might become less important as AI

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takes on more complex tasks

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so their old advantages might not work as well anymore

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exactly hmm

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that sounds like bad news for them

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it could be but it's not all dooming gloom

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oh while there are definitely challenges yeah

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the overall market for software

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is actually projected to explode

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thanks to AI oh interesting

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so a bigger pie overall exactly

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you know

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AI's ability to automate tasks and create new services

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yeah it's opening up a ton of new possibilities

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so there's still a lot of opportunity out there

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tons of it's also like a modern day gold rush

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I like that analogy yeah

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there will be winners and losers sure

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but the overall market is gonna grow like crazy

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so the key is to be on the right side of that growth

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exactly and that's where things get really interesting

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okay tell me more

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because you have these established giants right

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like well

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think about a company like Adobe right

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the creative software exactly

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they successfully navigated the transition to the cloud

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yeah they did a good job with that

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and now they're well positioned to adapt to AI

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makes sense they have the resources

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exactly but on the other hand

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yeah you have all these super agile

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ambitious startups like the up incomers

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yeah and they're building their entire foundation on AI

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from the get go they don't have all that baggage

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no legacy systems no old ways of doing things

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that could be a huge advantage

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it could so the question is

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the Giants are the disruptors

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exactly who comes out on top in this AI powered world

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that's a tough one to call

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it is and it makes things really exciting

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I bet you know because

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some sources are predicting that certain companies okay

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they're gonna achieve record breaking profits

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yeah thanks to AI wow

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while others while others might struggle to survive

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so the stakes are high incredibly high

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and there's this massive pool of investment

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capital waiting to be deployed

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like a powder keg yeah

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and the question is where is it all gonna go exactly

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who's gonna benefit most from this AI revolution

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that's what investors are trying to figure out

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right now yeah

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exactly and they need to be smart yeah

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it's not just about jumping on the AI bandwagon right

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it's about identifying those companies

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that are truly harnessing AI's potential

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the real deal exactly

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that makes sense

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so it's not just about any company that mentions AI

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right it's about the ones that are really using it

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in a meaningful way right

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and figuring that out yeah

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that's gonna be key for investment totally

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it sounds like a lot of research is gonna be needed

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absolutely to separate the wheat from the chaff

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couldn't have said it better myself

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well there you go

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but you know what let's zoom out for a second okay

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because we've talked about the excitement competition

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the potential rewards yeah

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but let's think about the bigger picture

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like the real world impact

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exactly how is AI actually gonna affect our lives

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yeah that's the big question

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it is and the prediction okay

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is that AI is gonna become

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so integrated into almost every aspect of software wow

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that it's gonna redefine industries

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and create entirely new ones

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like we can't even imagine yet

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it's hard to fathom but think about this

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imagine a world where

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outcome based services become the norm

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outcome based what does that mean

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so instead of buying software right

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you're buying the specific result that the software

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powered by AI can deliver hmm

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I'm not sure I follow okay

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let's see your small business owner okay

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you could subscribe to an AI

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service that manages your inventory

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oh okay

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handles your marketing even does customer service wow

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all automatic all power by AI

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leaving you free to focus on the bigger picture

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so the AI is handling the day to day stuff exactly

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that's pretty amazing or imagine needing legal advice

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okay instead of hiring a lawyer and paying hourly

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yeah you could subscribe to an AI

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legal service that guarantees a specific outcome

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like winning a case yeah

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or successfully negotiating a contract

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so you're paying for the result exactly

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it's not just about making things faster or cheaper

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right it's about fundamentally changing

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00:10:00,000 --> 00:10:01,633
how we interact with technology

278
00:10:01,633 --> 00:10:03,966
and achieve our goals that's a huge shift

279
00:10:03,966 --> 00:10:04,733
it is yeah

280
00:10:04,733 --> 00:10:08,666
and the potential economic impact of this shift yeah

281
00:10:08,966 --> 00:10:10,300
it's predicted to be

282
00:10:10,300 --> 00:10:12,366
even greater than that of cloud computing

283
00:10:12,366 --> 00:10:14,133
wow that's saying something

284
00:10:14,133 --> 00:10:16,033
it is especially as AI

285
00:10:16,033 --> 00:10:17,966
expands into more service sectors

286
00:10:17,966 --> 00:10:19,933
and automates even more tasks

287
00:10:20,533 --> 00:10:21,833
this is all really fascinating

288
00:10:21,833 --> 00:10:24,533
but I have to admit it's also a little overwhelming

289
00:10:24,533 --> 00:10:25,966
I get it it's a lot to take in

290
00:10:25,966 --> 00:10:28,300
and we haven't even teached on the potential downsides

291
00:10:28,300 --> 00:10:29,766
right like what could go wrong

292
00:10:29,766 --> 00:10:31,500
well that's a conversation for another time okay

293
00:10:31,500 --> 00:10:32,733
so stay tuned exactly

294
00:10:32,733 --> 00:10:34,166
because we're gonna delve into those challenges

295
00:10:34,166 --> 00:10:35,633
in the next part of our deep dive

296
00:10:35,633 --> 00:10:36,833
looking forward to it me too

297
00:10:36,833 --> 00:10:39,000
it's gonna be a good one I bet

298
00:10:39,100 --> 00:10:40,500
so make sure you come back for that

299
00:10:40,500 --> 00:10:41,933
can't wait awesome

300
00:10:42,300 --> 00:10:45,566
so we've explored how AI

301
00:10:45,566 --> 00:10:49,500
has the potential to really revolutionize software

302
00:10:49,500 --> 00:10:50,166
right yeah

303
00:10:50,166 --> 00:10:51,533
create new markets

304
00:10:51,600 --> 00:10:54,400
even disrupt those traditional businesses exactly

305
00:10:54,400 --> 00:10:56,300
but we also talked about you know

306
00:10:56,300 --> 00:10:57,433
feed for guidelines yeah

307
00:10:57,433 --> 00:11:00,000
ethical guidelines and those safeguards right

308
00:11:00,000 --> 00:11:03,300
because AI is becoming so integrated into our lives

309
00:11:03,300 --> 00:11:05,200
it is and now in this part

310
00:11:05,200 --> 00:11:07,966
okay let's shift gears a bit and look ahead

311
00:11:07,966 --> 00:11:10,333
the future exactly yeah

312
00:11:10,333 --> 00:11:13,366
what might the world actually look like

313
00:11:13,366 --> 00:11:15,333
as AI continues to evolve

314
00:11:15,333 --> 00:11:17,633
that's the million dollar question

315
00:11:17,833 --> 00:11:21,433
it is it's both exciting and maybe a little bit scary

316
00:11:21,433 --> 00:11:24,233
you know definitely there are a lot of unknowns

317
00:11:24,333 --> 00:11:27,100
there are but one thing we need to consider

318
00:11:27,100 --> 00:11:29,900
yeah is the potential downsides right

319
00:11:29,900 --> 00:11:31,733
we can't just focus on the positive

320
00:11:31,733 --> 00:11:32,433
we can't

321
00:11:32,433 --> 00:11:35,200
and one of the biggest concerns is the future of work

322
00:11:35,200 --> 00:11:36,433
jobs yeah

323
00:11:36,433 --> 00:11:37,633
exactly yeah

324
00:11:37,633 --> 00:11:40,133
you know as AI becomes more sophisticated

325
00:11:40,400 --> 00:11:41,833
there's this fear that it's gonna

326
00:11:41,833 --> 00:11:44,633
automate a lot of the jobs that humans currently do

327
00:11:44,633 --> 00:11:47,033
yeah I've heard a lot of people talking about that

328
00:11:47,100 --> 00:11:48,533
it's a valid concern you know

329
00:11:48,533 --> 00:11:50,733
people are worried about losing their jobs to robots

330
00:11:50,733 --> 00:11:52,600
right it's understandable

331
00:11:52,633 --> 00:11:53,433
it is but

332
00:11:53,433 --> 00:11:54,433
I think it's important to

333
00:11:54,433 --> 00:11:56,566
approach this with a balanced perspective okay

334
00:11:56,566 --> 00:11:57,733
what do you mean well

335
00:11:57,733 --> 00:12:00,366
while some jobs will definitely be automated yeah

336
00:12:00,366 --> 00:12:02,566
AI is also gonna create new jobs

337
00:12:02,566 --> 00:12:04,533
and transform existing ones

338
00:12:04,600 --> 00:12:06,366
so it's not all doom and gloom

339
00:12:06,366 --> 00:12:09,633
not at all I think the key is gonna be adaptation

340
00:12:09,633 --> 00:12:10,366
adaptation yeah

341
00:12:10,366 --> 00:12:13,833
you know being willing to learn new skills okay

342
00:12:13,833 --> 00:12:16,900
so like what kind of skills are we talking about

343
00:12:17,000 --> 00:12:20,100
well skills that are gonna be in demand in an AI

344
00:12:20,100 --> 00:12:21,366
driven world right

345
00:12:21,366 --> 00:12:23,333
because the job markets gonna look different

346
00:12:23,333 --> 00:12:24,766
it is so we need to be prepared

347
00:12:24,766 --> 00:12:26,500
make sense and you know what's interesting

348
00:12:26,533 --> 00:12:29,600
a lot of experts are saying that those

349
00:12:30,800 --> 00:12:33,366
uniquely human skills okay

350
00:12:33,366 --> 00:12:36,133
the ones that AI can't replicate like what

351
00:12:36,133 --> 00:12:37,600
things like critical thinking

352
00:12:37,600 --> 00:12:40,033
complex problem solving right

353
00:12:40,033 --> 00:12:42,000
creativity emotional intelligence

354
00:12:42,000 --> 00:12:43,766
yeah those are hard to teach a machine

355
00:12:43,766 --> 00:12:45,000
they are and those are

356
00:12:45,000 --> 00:12:45,566
the skills that

357
00:12:45,566 --> 00:12:47,700
are gonna be even more valuable in the future

358
00:12:47,700 --> 00:12:50,200
so it's not just about robots taking over

359
00:12:50,200 --> 00:12:53,633
no it's more about humans and AI working together

360
00:12:53,633 --> 00:12:55,033
collaboration exactly

361
00:12:55,033 --> 00:12:56,700
in new and innovative ways

362
00:12:56,700 --> 00:12:57,766
that's a good way to put it

363
00:12:57,766 --> 00:13:00,033
but beyond job skills right

364
00:13:00,033 --> 00:13:03,700
there are brighter societal implications to consider

365
00:13:03,933 --> 00:13:04,633
oh right

366
00:13:04,633 --> 00:13:05,900
like the big picture stuff

367
00:13:05,900 --> 00:13:09,233
yeah because as AI gets more integrated into our lives

368
00:13:09,233 --> 00:13:10,033
uh huh

369
00:13:10,100 --> 00:13:12,200
we need to make sure it's being developed and used

370
00:13:12,200 --> 00:13:14,200
responsibly responsibly yeah

371
00:13:14,200 --> 00:13:15,300
that's key it is

372
00:13:15,300 --> 00:13:18,300
so it's not just about the technology itself right

373
00:13:18,300 --> 00:13:21,500
it's about creating a framework for its ethical use

374
00:13:21,500 --> 00:13:23,966
so like rules and guidelines exactly

375
00:13:23,966 --> 00:13:27,600
for example we need to be really careful about bias

376
00:13:27,966 --> 00:13:31,366
and AI algorithms bias hmm

377
00:13:31,366 --> 00:13:32,766
how does that work well

378
00:13:32,766 --> 00:13:37,000
if an AI system is trained on biased data okay

379
00:13:37,133 --> 00:13:40,433
it can actually perpetuate and amplify those biases

380
00:13:40,433 --> 00:13:40,933
oh wow

381
00:13:40,933 --> 00:13:42,633
that's not good it's not

382
00:13:42,633 --> 00:13:44,666
it can lead to unfair outcomes

383
00:13:44,733 --> 00:13:45,100
you know

384
00:13:45,100 --> 00:13:47,566
so like discriminating against certain groups of people

385
00:13:47,566 --> 00:13:48,100
exactly

386
00:13:48,100 --> 00:13:50,466
and we've already seen real world examples of this

387
00:13:50,566 --> 00:13:51,166
oh really

388
00:13:51,166 --> 00:13:53,000
well like in hiring processes

389
00:13:53,000 --> 00:13:54,633
loan applications oh wow

390
00:13:54,633 --> 00:13:57,533
so AI was making biased decisions in some cases

391
00:13:57,533 --> 00:13:59,800
yes and that's why it's so important to have clear

392
00:13:59,800 --> 00:14:00,833
guidelines right

393
00:14:00,833 --> 00:14:02,566
regulations to make sure AI

394
00:14:02,566 --> 00:14:04,800
is used fairly and ethically

395
00:14:04,833 --> 00:14:07,200
and who's responsible for creating those guidelines

396
00:14:07,200 --> 00:14:08,733
well it's gonna take a lot of collaboration

397
00:14:08,733 --> 00:14:09,566
a collaboration yeah

398
00:14:09,566 --> 00:14:11,333
between governments industry leaders

399
00:14:11,333 --> 00:14:12,100
researchers

400
00:14:12,100 --> 00:14:14,466
so a lot of different stakeholders need to be involved

401
00:14:14,766 --> 00:14:15,300
absolutely

402
00:14:15,300 --> 00:14:17,433
and I think public awareness is important too yeah

403
00:14:17,433 --> 00:14:18,733
get people talking about it

404
00:14:18,733 --> 00:14:19,966
exactly because

405
00:14:19,966 --> 00:14:22,733
we need to have open discussions about AI's

406
00:14:22,733 --> 00:14:25,133
impact on society it affects everyone

407
00:14:25,133 --> 00:14:26,600
it does and at the end of the day

408
00:14:26,600 --> 00:14:29,433
it's important to remember that AI is a tool

409
00:14:29,900 --> 00:14:31,600
a tool and like any tool

410
00:14:31,600 --> 00:14:33,300
it can be used for good or for bad

411
00:14:33,300 --> 00:14:34,833
so it depends how we use it

412
00:14:34,833 --> 00:14:35,233
it does

413
00:14:35,233 --> 00:14:38,900
it's our responsibility to shape its development okay

414
00:14:38,900 --> 00:14:41,733
and make sure its benefits are shared widely right

415
00:14:41,733 --> 00:14:44,200
but also mitigate those potential risks exactly

416
00:14:44,200 --> 00:14:45,833
it's a balancing act it sounds like it

417
00:14:45,833 --> 00:14:49,533
it is so we've talked about potential job displacement

418
00:14:49,533 --> 00:14:51,166
the ethical guidelines right

419
00:14:51,166 --> 00:14:52,100
are there any other challenges

420
00:14:52,100 --> 00:14:53,133
we should be thinking about

421
00:14:53,133 --> 00:14:55,200
yeah there's another one that comes to mind okay

422
00:14:55,200 --> 00:14:57,200
what is it privacy and security

423
00:14:57,200 --> 00:14:57,966
oh right

424
00:14:57,966 --> 00:14:59,300
that's huge it is

425
00:14:59,300 --> 00:15:01,800
and with AI the risks are even greater

426
00:15:02,733 --> 00:15:03,800
how so well

427
00:15:03,800 --> 00:15:07,033
AI systems are gathering and analyzing

428
00:15:07,033 --> 00:15:09,133
massive amounts of data yeah

429
00:15:09,133 --> 00:15:10,500
that's how they learn exactly

430
00:15:10,500 --> 00:15:12,433
and the more data they have access to

431
00:15:12,433 --> 00:15:13,300
the smarter they get

432
00:15:13,300 --> 00:15:15,833
but also the more vulnerable we become right

433
00:15:15,833 --> 00:15:18,333
because if that data is misused or compromised

434
00:15:18,333 --> 00:15:19,766
oh that's a scary thought

435
00:15:19,766 --> 00:15:20,566
it is and

436
00:15:20,566 --> 00:15:22,133
we've already seen data breaches

437
00:15:22,133 --> 00:15:23,633
and privacy violations yeah

438
00:15:23,633 --> 00:15:24,766
those are happening all the time

439
00:15:24,766 --> 00:15:27,866
they are and AI could make those problems even worse

440
00:15:28,033 --> 00:15:29,500
so what can we do about it

441
00:15:29,500 --> 00:15:30,400
well again

442
00:15:30,400 --> 00:15:32,300
it comes down to responsible development

443
00:15:32,433 --> 00:15:35,766
and strong regulations to protect our data exactly

444
00:15:35,766 --> 00:15:37,133
we need to make sure AI

445
00:15:37,133 --> 00:15:39,833
systems are designed with privacy and security

446
00:15:39,900 --> 00:15:43,366
as top priorities so like built in protections right

447
00:15:43,366 --> 00:15:45,900
strong encryption clear consent

448
00:15:45,900 --> 00:15:47,900
protocols for data collection

449
00:15:47,900 --> 00:15:49,633
so people know what they're agreeing to

450
00:15:49,633 --> 00:15:52,433
yes and safeguards against unauthorized access

451
00:15:52,433 --> 00:15:55,833
so our data is safe from hackers and misuse exactly

452
00:15:55,833 --> 00:15:57,966
it's a complex issue it sounds like it

453
00:15:57,966 --> 00:15:59,433
but it's one we need to take seriously

454
00:15:59,433 --> 00:16:01,466
absolutely our privacy is at stake

455
00:16:01,533 --> 00:16:03,566
it is and I think the key takeaway here

456
00:16:03,566 --> 00:16:05,833
okay is that we need to strike a balance

457
00:16:05,833 --> 00:16:08,900
a balance between innovation and responsibility right

458
00:16:08,900 --> 00:16:09,700
we can't just

459
00:16:09,700 --> 00:16:12,400
rush ahead without thinking about the consequences

460
00:16:12,400 --> 00:16:14,900
we can't we need a fostering environment

461
00:16:14,933 --> 00:16:18,100
where we can harness the power of AI yeah

462
00:16:18,100 --> 00:16:21,966
but also safeguard individual rights in societal values

463
00:16:21,966 --> 00:16:23,966
it's a tough challenge it is

464
00:16:23,966 --> 00:16:25,900
but it's one we need to face head on

465
00:16:26,000 --> 00:16:28,000
I agree we can just ignore it

466
00:16:28,000 --> 00:16:29,500
we can't and

467
00:16:29,800 --> 00:16:31,833
you know we've covered some pretty heavy topics here

468
00:16:31,833 --> 00:16:33,900
we have it's a lot to think about

469
00:16:33,900 --> 00:16:36,200
it is but I think these conversations are crucial

470
00:16:36,200 --> 00:16:37,000
crucial yeah

471
00:16:37,000 --> 00:16:40,766
to ensure a future where AI truly benefits humanity

472
00:16:40,766 --> 00:16:41,766
right that's the goal

473
00:16:41,766 --> 00:16:43,766
it is so where do we go from here

474
00:16:43,766 --> 00:16:46,633
good question what's the key takeaway for our listeners

475
00:16:46,633 --> 00:16:49,233
well I think the most important thing to remember yeah

476
00:16:49,233 --> 00:16:53,200
is that AI isn't just some technological advancement

477
00:16:53,200 --> 00:16:55,366
it's bigger than that it's a fundamental shift

478
00:16:55,366 --> 00:16:56,533
a shift yeah

479
00:16:56,533 --> 00:16:58,533
it's gonna reshape our lives

480
00:16:58,533 --> 00:17:00,200
our work our societies wow

481
00:17:00,200 --> 00:17:02,033
that's a big statement it is

482
00:17:02,033 --> 00:17:04,966
and we need to approach it with both enthusiasm

483
00:17:04,966 --> 00:17:06,366
so the possibilities right

484
00:17:06,366 --> 00:17:08,033
but also with vigilance

485
00:17:08,033 --> 00:17:09,700
and make sure we're using it responsibly

486
00:17:09,700 --> 00:17:12,300
exactly because there are risks involved

487
00:17:12,300 --> 00:17:15,133
there are but there's also incredible potential

488
00:17:15,133 --> 00:17:17,400
so it's about finding that sweet spot

489
00:17:17,400 --> 00:17:19,700
between embracing innovation yeah

490
00:17:19,700 --> 00:17:21,500
an ensuring responsible development

491
00:17:21,500 --> 00:17:24,833
I like that finding that balance is not gonna be easy

492
00:17:24,833 --> 00:17:26,033
it's gonna take a lot of effort

493
00:17:26,033 --> 00:17:28,633
it will but it's worth it for the future

494
00:17:28,633 --> 00:17:30,033
for the future of humanity

495
00:17:30,033 --> 00:17:32,033
well said and speaking of the future

496
00:17:32,033 --> 00:17:34,566
okay the final part of our deep dive yes

497
00:17:34,566 --> 00:17:35,366
we're gonna explore

498
00:17:35,366 --> 00:17:37,800
some of the most captivating predictions

499
00:17:37,933 --> 00:17:39,933
about where AI is headed

500
00:17:39,933 --> 00:17:41,333
oh this is gonna be good

501
00:17:41,333 --> 00:17:44,366
it is and we'll discuss what it all might mean for us

502
00:17:44,366 --> 00:17:46,300
as humans can't wait

503
00:17:46,633 --> 00:17:49,600
okay so we've explored the potential of AI

504
00:17:49,733 --> 00:17:52,033
you know to revolutionize software yeah

505
00:17:52,033 --> 00:17:53,100
create new markets

506
00:17:53,100 --> 00:17:55,600
even disrupt those traditional models

507
00:17:55,600 --> 00:17:56,366
absolutely

508
00:17:56,366 --> 00:17:58,866
and we also discuss the need for ethical guidelines

509
00:17:59,033 --> 00:18:02,500
right those safeguards as AI becomes more integrated

510
00:18:02,500 --> 00:18:05,166
exactly but now in this final part

511
00:18:05,166 --> 00:18:08,133
okay let's shift our focus to the future

512
00:18:08,133 --> 00:18:11,766
the future what might the world look like as AI

513
00:18:11,766 --> 00:18:13,533
continues to evolve well

514
00:18:13,533 --> 00:18:15,333
it's fascinating to try and predict

515
00:18:15,433 --> 00:18:16,366
you know it is

516
00:18:16,366 --> 00:18:17,966
there's so many possibilities

517
00:18:17,966 --> 00:18:21,166
there are but one prediction that stands out okay

518
00:18:21,166 --> 00:18:24,833
is that AI will eventually become so pervasive

519
00:18:24,833 --> 00:18:25,966
pervasive yeah

520
00:18:25,966 --> 00:18:28,433
so seamlessly woven into our lives

521
00:18:28,433 --> 00:18:29,100
right that

522
00:18:29,100 --> 00:18:32,033
we'll cease to think of it as a distinct technology

523
00:18:32,033 --> 00:18:33,566
so like it'll just be there

524
00:18:33,566 --> 00:18:35,333
it'll just be there in the background

525
00:18:35,333 --> 00:18:37,300
like electricity exactly

526
00:18:37,300 --> 00:18:39,433
we don't really think about the infrastructure right

527
00:18:39,433 --> 00:18:42,000
we just flip a switch and expect the lights to come on

528
00:18:42,000 --> 00:18:43,533
yeah it just works

529
00:18:43,533 --> 00:18:45,966
an AI could become just as integrated

530
00:18:45,966 --> 00:18:47,966
wow into our daily lives

531
00:18:47,966 --> 00:18:50,300
so from how we communicate

532
00:18:50,300 --> 00:18:51,600
how we access information

533
00:18:51,600 --> 00:18:53,233
how we work learn

534
00:18:53,233 --> 00:18:55,933
make decisions it'll all be influenced by AI

535
00:18:55,933 --> 00:18:59,166
so it's not just about AI doing things for us right

536
00:18:59,166 --> 00:19:02,233
it's about AI becoming almost like an invisible partner

537
00:19:02,400 --> 00:19:04,766
a silent partner in every aspect of our lives

538
00:19:04,766 --> 00:19:07,133
yeah shaping our world in subtle ways

539
00:19:07,133 --> 00:19:08,633
it's pretty mind blowing concept

540
00:19:08,633 --> 00:19:11,100
it is it raises some interesting questions though

541
00:19:11,100 --> 00:19:11,900
oh like what

542
00:19:11,900 --> 00:19:15,000
well about human agency and control

543
00:19:15,300 --> 00:19:16,433
okay I see what you mean

544
00:19:16,433 --> 00:19:19,566
if AI is subtly influencing our decisions

545
00:19:19,566 --> 00:19:20,800
even in small ways

546
00:19:20,833 --> 00:19:23,466
what does that mean for our free will

547
00:19:23,566 --> 00:19:24,800
yeah our autonomy

548
00:19:24,800 --> 00:19:27,333
those are some deep philosophical questions

549
00:19:27,333 --> 00:19:28,900
they are but for now

550
00:19:28,900 --> 00:19:30,800
okay let's get back to those predictions okay

551
00:19:30,800 --> 00:19:32,400
what else did the research highlight

552
00:19:32,400 --> 00:19:33,700
well another fascinating one

553
00:19:33,700 --> 00:19:36,200
is the rise of outcome based services

554
00:19:36,200 --> 00:19:37,000
oh right

555
00:19:37,000 --> 00:19:38,166
we touched on that earlier

556
00:19:38,166 --> 00:19:40,233
we did but it's worth exploring further

557
00:19:40,233 --> 00:19:44,100
definitely because it goes beyond just automating tasks

558
00:19:44,100 --> 00:19:47,500
right it's about AI guaranteeing specific results

559
00:19:47,500 --> 00:19:48,333
outcomes yeah

560
00:19:48,333 --> 00:19:50,033
so can you give us a concrete example

561
00:19:50,033 --> 00:19:50,500
okay sure

562
00:19:50,500 --> 00:19:52,700
imagine healthcare healthcare

563
00:19:52,700 --> 00:19:55,800
where you're not paying for individual visits

564
00:19:55,800 --> 00:19:57,233
okay or treatments

565
00:19:57,233 --> 00:19:59,166
but for a desired outcome

566
00:19:59,166 --> 00:20:00,833
like what well

567
00:20:00,833 --> 00:20:02,900
say lowering your blood pressure

568
00:20:02,900 --> 00:20:05,566
or managing a chronic condition

569
00:20:05,566 --> 00:20:06,733
you're paying for the result

570
00:20:06,733 --> 00:20:10,933
exactly and AI systems would monitor your health data

571
00:20:11,000 --> 00:20:12,900
okay personalize your treatment

572
00:20:12,900 --> 00:20:15,500
even adjust your lifestyle recommendations

573
00:20:15,500 --> 00:20:16,933
wow all in real time

574
00:20:16,933 --> 00:20:19,700
to ensure you achieve that specific outcome

575
00:20:19,700 --> 00:20:21,700
it's like preventative health care on steroids

576
00:20:21,700 --> 00:20:22,966
it is but of course

577
00:20:22,966 --> 00:20:24,700
there are challenges oh yeah

578
00:20:24,700 --> 00:20:27,166
for sure like access and affordability right

579
00:20:27,166 --> 00:20:28,566
those are big ones they are

580
00:20:28,566 --> 00:20:31,566
but the potential of these outcome based services

581
00:20:31,566 --> 00:20:32,733
yeah it's huge

582
00:20:32,733 --> 00:20:35,700
not just in healthcare but across different fields

583
00:20:35,700 --> 00:20:38,100
education finance transportation

584
00:20:38,100 --> 00:20:41,266
it's like we're moving from a world focused on inputs

585
00:20:41,400 --> 00:20:43,500
to a world focused on outputs

586
00:20:43,500 --> 00:20:45,233
so instead of the processes

587
00:20:45,233 --> 00:20:46,833
we're prioritizing the results

588
00:20:46,833 --> 00:20:48,400
and AI is making that possible

589
00:20:48,400 --> 00:20:52,166
absolutely it gives us the tools to measure analyze

590
00:20:52,166 --> 00:20:54,933
optimize outcomes in ways we couldn't before

591
00:20:54,933 --> 00:20:56,166
just a whole new way of thinking

592
00:20:56,166 --> 00:21:00,566
it is so we have AI becoming more ubiquitous

593
00:21:00,566 --> 00:21:03,566
outcome based services reshaping industries

594
00:21:03,566 --> 00:21:06,200
were there any other predictions that really stood out

595
00:21:06,200 --> 00:21:08,200
it was one that really caught my eye

596
00:21:08,200 --> 00:21:09,133
okay tell me

597
00:21:09,133 --> 00:21:10,566
the idea that AI

598
00:21:10,566 --> 00:21:13,766
could eventually surpass human intelligence

599
00:21:13,766 --> 00:21:15,133
oh the singularity

600
00:21:15,133 --> 00:21:16,833
yeah some experts call it that

601
00:21:16,833 --> 00:21:18,500
it sounds like something out of science fiction

602
00:21:18,500 --> 00:21:20,800
it does but serious scientists are exploring this

603
00:21:20,800 --> 00:21:23,533
it's so we're talking about super intelligent AI

604
00:21:23,533 --> 00:21:25,966
AI that exceeds human capabilities

605
00:21:25,966 --> 00:21:28,166
and what happens then that's the big question

606
00:21:28,166 --> 00:21:29,300
isn't it it is

607
00:21:29,300 --> 00:21:32,400
some people think it'll be a Utopia where AI

608
00:21:32,400 --> 00:21:33,633
solves all our problems

609
00:21:33,633 --> 00:21:36,733
others fear a dystopia where AI takes control

610
00:21:36,733 --> 00:21:38,766
it's impossible to know for sure

611
00:21:38,766 --> 00:21:40,300
but it's definitely something to think about

612
00:21:40,300 --> 00:21:40,766
it is so

613
00:21:40,766 --> 00:21:44,533
we have this future where AI is embedded in our lives

614
00:21:44,533 --> 00:21:45,900
outcomes are guaranteed

615
00:21:45,900 --> 00:21:47,933
AI might even be smarter than us

616
00:21:48,000 --> 00:21:49,833
what does it all mean for humans

617
00:21:49,833 --> 00:21:52,533
what role will we play another good question

618
00:21:52,633 --> 00:21:53,833
some believe AI

619
00:21:53,833 --> 00:21:57,100
will liberate us from those mundane tasks

620
00:21:57,100 --> 00:21:59,833
freeing us to be more creative innovative

621
00:21:59,833 --> 00:22:02,400
others worry AI will make us obsolete

622
00:22:02,600 --> 00:22:05,766
leading to unemployment inequality

623
00:22:05,766 --> 00:22:07,366
it feels like a turning point in history

624
00:22:07,366 --> 00:22:10,766
it does the choices we make now about how we develop AI

625
00:22:10,766 --> 00:22:12,200
will have huge consequences

626
00:22:12,200 --> 00:22:13,933
shaping the future for generations

627
00:22:13,933 --> 00:22:15,433
it's a huge responsibility

628
00:22:15,433 --> 00:22:16,366
it is and as such

629
00:22:16,366 --> 00:22:17,700
as a technological challenge

630
00:22:17,700 --> 00:22:20,000
Rory societal philosophical

631
00:22:20,000 --> 00:22:22,833
we need to have open discussions about AI's role in

632
00:22:22,833 --> 00:22:25,500
our lives and work together to ensure its development

633
00:22:25,500 --> 00:22:28,133
aligns with our values benefits humanity

634
00:22:28,200 --> 00:22:30,600
couldn't have said it better myself in on that note

635
00:22:30,600 --> 00:22:33,100
okay it seems like a good time to wrap up

636
00:22:33,100 --> 00:22:35,833
our deep dive into the world of AI

637
00:22:35,833 --> 00:22:37,700
and software we've covered a lot

638
00:22:37,700 --> 00:22:39,066
the benefits the risks

639
00:22:39,100 --> 00:22:41,633
the implications it's been a fascinating journey

640
00:22:41,633 --> 00:22:43,633
exploring these complex issues

641
00:22:43,633 --> 00:22:45,766
hopefully our listeners found it informative

642
00:22:45,766 --> 00:22:47,400
and thought provoking and remember

643
00:22:47,400 --> 00:22:49,133
this is just the beginning

644
00:22:49,133 --> 00:22:51,133
the AI revolution is unfolding

645
00:22:51,133 --> 00:22:53,633
and it's up to all of us to shape its trajectory

646
00:22:53,633 --> 00:22:58,000
so stay curious stay engaged and keep exploring

647
00:22:58,000 --> 00:23:00,500
thanks for joining us it's been a pleasure

