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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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episode 33 discuss CBN Sites Venture Trends 2024 report

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highlighting

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the overwhelming dominance of artificial intelligence

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AI across the tech landscape

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hey everyone

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thanks for joining us for another deep dive

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you wanna know where tech is going as we headed to 2025

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and well you gave us a

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pretty big stack of articles to go through

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yeah a lot to get through

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a lot to get through but you know what

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one thing is super clear AI

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it's everywhere it really is

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it's not just a trend anymore

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it feels like AI is completely changing the game

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totally and you know

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it's really interesting all this money

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big tech is pouring into AI

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like Amazon Microsoft

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Google Meta

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they're all on a huge AI spending spree

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yeah the CBN sites report we have here

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it really shows that like they're going all in

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so is this just like a fear of missing out thing

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or is there something bigger happening here

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I think it's way more strategic than that

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you know these companies are data companies right

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like that's their bread and butter

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yeah their whole foundation

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exactly

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an AI is all about using data in new and powerful ways

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so for them it's not just a fad

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it's a core part of their strategy for the future

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okay so they're not just throwing money at the problem

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they're placing some pretty serious bets on where AI

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is going and

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the report actually shows that

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their spending has gone from like

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$20 billion a quarter in 2020

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to over 60 billion in 2024

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that's massive it's huge

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so where is all that money going

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what are they actually spending it on

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well a lot of it is going into infrastructure

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yeah the nuts and bolts of AI development

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things like GPUs data centers

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the golden blocks exactly

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and then there's talent they're hiring like crazy

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trying to snag all the best AI

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researchers and engineers

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and let's not forget acquisitions right

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I mean they're buying up these promising AI

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startups left and right yeah

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they're scooping them up yeah

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so you've got this perfect storm of building

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buying and hiring all at the same time

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and it's all happening so fast

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yeah so

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what does this tell us about the future that they see

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like is it all sunshine and roses with AI

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or are there some potential

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downsides to all this investment

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well I think it definitely shows

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they believe AI is going to be everywhere

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like woven into every part of our lives

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like we can't escape it right

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but it does raise questions too

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you know

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about potential monopolies

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and too much power in the hands of just a few companies

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that's definitely something to keep an eye on for sure

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and speaking of things changing

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remember when fintech was like the hot new thing

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everyone was talking about

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disrupting the financial world

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yeah fintech was the golden child

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but then things shifted hmm

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and the data we have here

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paints a very different picture now

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yeah if you look at the numbers

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like those median MNA exit prices

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Fintec is way down there

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like at the bottom of barrel compared to AI

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and cybersecurity acquisitions are happening

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but at much lower valuations

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so what does that tell us

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it tells us that investors

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aren't as confident about fintech's future

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as they used to be yeah

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the numbers really show that fintech is lagging behind

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with just $1.1 million per employee

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compared to AI

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at 1.9 million or cybersecurity at 2.3 million

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it's a big difference so the question is

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what's causing this shift

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is it just a natural correction

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or is AI actually playing a role in fintexticline

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it's probably a bit of both honestly

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I think

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the initial excitement around fintech has cooled down

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and maybe the market is getting a bit crowded

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but AI is definitely shaking things up

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it's changing how financial services work

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and some fintech

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companies are having trouble keeping up

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so it's not enough to just be tech anymore

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you gotta be AI

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powered tech if you wanna get investors excited

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which brings us to another interesting trend

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the rise of the AI unicorn

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ah yes

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the unicorns these AI

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startups are suddenly snagging a huge

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chunk of those billion dollar valuations

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it's pretty remarkable if you look back to 2015

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only about 6% of new unicorns were AI driven

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and now now it's a whopping 44%

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that's a huge jump

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so investors are clearly seeing something special in AI

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startups

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they're putting their money where their mouth is

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so AI

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is changing the game for big companies and startups

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but it's not just a tech world phenomenon right

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we're seeing it impact all kinds of industries

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like healthcare absolutely

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one of the biggest examples is

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the pharmaceutical industry

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big players like Johnson and Johnson Rich Pfizer

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they're all teaming up with AI specialist

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and what are they doing

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they're trying to revolutionize drug discovery

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and development it's pretty amazing

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that's huge

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we're talking about potentially life saving innovations

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so how exactly is AI being used in drug discovery

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and what does this mean for the future of healthcare

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well AI is really good at analyzing huge datasets right

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like mountains of data

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way more than a human could ever handle

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exactly so they're using AI

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to sift through all this genetic information

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clinical trial results scientific literature

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you name it looking for patterns

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exactly AI

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can find patterns and make predictions

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that would be impossible for humans to do on their own

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and that could lead to faster development of new drugs

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and treatments maybe even cures

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for diseases that have been around for centuries

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it's mind blowing

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when you think about the possibilities

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but with all this investment in AI

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you have to wonder is there enough money to go around

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are investors just throwing money at anything with AI

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in the name well

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let's look at venture capital

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AI is getting a huge chunk of the funding Pi right now

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how huge

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it's gone from just 5% of venture funding in 2015

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to a massive 37% today

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that's more than any other sector

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wow so it's not just big tech

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it's the whole venture capital world

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that's betting big on AI

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what are some of the biggest investments

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we've seen lately well

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some of the biggest funding rounds of 2024 went to AI

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companies later Brooks raised a whopping $10 billion

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open AI got 6.6 billion

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and anthropic wasn't far behind with 4 billion

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that's a lot of money it is

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even in the world of venture capital

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those are some serious numbers

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it makes you wonder are we heading for an AI bubble

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or is

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all this investment

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actually justified by the potential of the technology

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that's the million dollar question right

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there is always a risk of getting carried away

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with any new technology

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the height machine can get out of control

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exactly but I think AI is different

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it's not just a product or service

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it's more like a fundamental platform

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that can be applied to so many different industries

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and problems so

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it's not just about building the next cool

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app or gadget

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it's about creating tools that can change how we work

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live and interact with the world

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exactly and that's a powerful idea

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and speaking of changing things

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let's talk about ipos

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the path to going public has changed quite a bit

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in the last few years it definitely has

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the average time

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from a company's first funding round to their IPO

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has gotten a lot longer how much longer

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it's gone from an average of five years in 2015

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to 7.5 years today

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so startups are waiting longer to go public

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they are they're choosing to stay private longer

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and focus on building a really solid foundation

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before they jump into the public markets

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it seems like those days of superfast growth

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and quick exits are kind of fading away

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yeah investors are looking for more than just hypeno

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they wanna see sustainable businesses

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with long term potential

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so it's a sign of a more mature tech industry

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I think so

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investors are less interested in short term gains

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and more focused on the long game

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but there's another interesting battle happen in the AI

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world right now oh yeah

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what's that it's not just about AI existing

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it's about how it's developed and who has access to it

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we're seeing this growing tension between

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open and closed AI

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okay so

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what do we mean by open and closed

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when we're talking about AI

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and why is this distinction so important

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well open AI

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is all about making the technology

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and its underlying code accessible to everyone

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it's kind of like open source software

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where developers can collaborate

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share ideas build upon each other's work

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kind of like a community effort

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exactly and champions of open AI like Meta Invidia

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hugging face

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they believe this approach will lead to more innovation

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and give more people access to these powerful tools

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so it's about democratizing AI

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making it available to everyone

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not just a select few that's the idea

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but then on the other side

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you have closed AI and what's that all about

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closed AI is typically developed by big corporations

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with lots of resources companies like open AI Microsoft

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Google big players exactly

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they invest heavily in research and development

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and they often make really groundbreaking advancements

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but they keep their code and algorithms proprietary

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so they control access right

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and they often monetize their innovations

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so it's a trade off them

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between accessibility and control

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yeah open AI is all about collaboration in transparency

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while closed AI offers potentially faster advancements

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but with less transparency

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and maybe some limits on who can use it

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and the data shows that these closed source AI

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companies have raised a ton of money

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like 37 and a half billion dollars since 2020

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that's right

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and this tension between open and closed AI

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is really at the heart of a much bigger debate

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about the future of technology

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who's gonna control

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the most powerful tools of the 21st century

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will it be a handful of corporations

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or a global community of developers and researchers

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it's a question with huge implications

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not just for the tech industry

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but for all of us

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how will this battle between opening

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closed AI affect our lives

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how will it shape the way we work

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communicate and interact with the world around us

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yeah it really makes you think about

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the future we're creating

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and what it means for all of us

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like if AI is gonna be everywhere

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what skills do we need

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what knowledge is gonna be valuable

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in a world that's run by AI

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that is the big question isn't it

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and it's not just about those technical skills

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you know like coding or data science right

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those are important yeah

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those are important but there's a whole set of human

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skills that are gonna be even more important

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in this age of AI so

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you're saying

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we're not all gonna be replaced by robots

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there's still hope for us humans

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oh absolutely

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there's definitely still hope for us humans

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think about the things that AI still struggles with

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creativity critical thinking

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really complex problem solving

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emotional intelligence

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those are the things that set us apart as humans

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exactly those are the skills that are going to

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allow us to thrive in an AI

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powered world so it's not just about learning to code

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it's about learning to think critically

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to be adaptable to be able to solve problems

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and to connect with other people

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it's about being more human

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not less and

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there's one more

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really crucial skill that we can't forget about

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the ability to keep learning and adapting

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because things are changing so fast

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exactly the pace of change is only gonna get faster

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so we need to become lifelong learners

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always updating our skills and knowledge

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it's like we're all back in school again

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but this time the curriculum is always changing

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it's like a never ending pop quiz

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exactly so where do we even begin

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how do we prepare ourselves

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and future generations for this world

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yeah where do we start

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while it starts with education

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we need to make sure that students

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are getting those foundational skills

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that they'll need to navigate this world

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critical thinking problem solving

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creativity adaptability

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those 21st century skills everyone keeps talking about

333
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exactly and it's not just about formal education either

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we need to create a culture of lifelong learning

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where people are encouraged to explore new ideas

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experiment with new technologies

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and constantly push themselves to learn new thing

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and be curious to stay adaptable

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exactly and we need to be aware of the potential risks

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and challenges that come with any powerful technology

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which brings us back to that question

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we're talking about earlier

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is this rapid development of AI

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something to be excited about or scared of

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is it gonna lead to a Utopia or a dystopia

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it's not a simple answer it's not one or the other

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AI has the potential to solve some of our biggest

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problems you know

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like curing diseases or addressing climate change

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really big challenges exactly

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but they're definitely real risks too

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especially if AI isn't developed in use responsibly

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so it's not about being pro AI or anti AI right

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it's about making sure that AI is used for good

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for the benefit of everyone

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it's about being pro humanity

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and making sure that AI

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is used to make the world a better place for all of us

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and that's why it's so important to have these

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conversations about the ethics of AI

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the potential risks and benefits

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and the kind of future we wanna create

363
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exactly this Deep Dock is just a starting point

364
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a glimpse into this really complex

365
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and constantly changing world of AI

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but hopefully

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it's giving our listeners a foundation to build on

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a way to think about the opportunities

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and the challenges that are coming our way

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I think so and remember

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this is just based on what you asked us to look at

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we encourage you to keep digging

373
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keep asking questions and keep learning

374
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there's always more to discover yeah

375
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it's a lot to think about yeah

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it really is but ultimately it comes down to us right

377
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like we get to decide how we wanna use this technology

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absolutely we have the power to shape the future of AI

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and that's both exciting and a little bit daunting

380
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definitely so as we wrap up this deep dive

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what's the one thing you really

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want our listeners to take away from all of this

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I think the most important takeaway is that AI

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is not just a trend it's a fundamental shift

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that's going to reshape the world as we know it

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and understanding AI is gonna be essential

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for anyone who wants to navigate the future

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successfully

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it's like AI literacy is the new essential skill right

390
00:13:25,166 --> 00:13:26,466
like everyone needs to have at least

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a basic understanding of how this technology works

392
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and what it means for them

393
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exactly

394
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and that's why conversations like this are so important

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we need to keep talking about AI

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keep exploring its potential

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and keep asking tough questions about

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its impact on society

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because the future of AI is ultimately up to us

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it is we have the power to decide

401
00:13:45,733 --> 00:13:47,200
how we wanna use this technology

402
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to shape the world we wanna live in

403
00:13:48,966 --> 00:13:51,166
well said it's been an incredible journey

404
00:13:51,166 --> 00:13:52,700
exploring all of this with you

405
00:13:52,733 --> 00:13:55,333
and to our listener thank you so much for joining us

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00:13:55,333 --> 00:13:57,433
on this deep dive into the world of AI

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we hope you found it insightful on thought provoking

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we did too and remember

409
00:14:01,600 --> 00:14:02,933
this is just the beginning

410
00:14:02,933 --> 00:14:04,800
keep learning keep exploring

411
00:14:04,800 --> 00:14:05,566
and keep pushing

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00:14:05,566 --> 00:14:07,866
the boundaries of what's possible with AI

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until next time

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stay curious and keep those questions coming