Former Google CEO Eric Schmidt on AI potential: American businesses will change because of this

[@Harrop58]

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[@SallyW414]

I bought NVIDIA around September last year because my financial-planner recommended it to me…said the company is selling shovels in a gold rush. It accounted for almost 80% of my market return this year.

[@JohnMatthew-hq3xs]

That's a great analogy and I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for the untrained eyes to see. I have made more than 350% through semiconductor stocks under coach by alternative investing. The portfolio comes with perks as well in terms of travel and liquidity.

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Finding financial advisors like Vivian Jean Wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@zeusjuice7566]

I thoroughly appreciate that Eric announces a verbal disclosure just before saying something about a company he’s invested in. The consistent transparency is refreshing

[@moshebmoshe]

If Andrew didn’t have to prove how smart he was every day I think we would get more useful information from the guest

[@atmavictu2995]

He is not that smart actually, he would a wealthy investor/trader not a journalist talking about other people money

[@MITsolar]

Andrew interrupts way too often.....let the guy finish an answer

[@ichoudhury007]

IMHO a good interviewer should be interactive, not just passively listening for pauses. They should engage in a conversation with the interviewee, even an intelligent one, to uncover and guide the discussion for maximum effectiveness. In this case, Andrew interruptions didn't disrupt the flow; instead, they helped us (Me) follow along and ultimately led to valuable insights from Eric Schmidt. But as I stated in the beginning, Just IMHO :)

[@ichoudhury007]

Eric Schmidt's interview offered a fascinating glimpse into the world of AI. He highlighted how we're still in the early stages of discovery, it's wide open! Nvidia's a clear leader right now, with their powerful GPUs, CUDA, and Omniverse being the go-to tech for many companies developing AI. The market itself is expected to explode, benefiting big names like Meta, Google, and Amazon, but there's also the potential for smaller players to come in with game-changing ideas. Interestingly, Schmidt mentioned that even though Apple isn't usually the first mover, they might end up excelling at implementing AI effectively because of their focus on user experience. The whole conversation about open-source versus closed models was really interesting. While Schmidt believes closed models like GPT-4 might be more successful in the short term because of the massive computing power needed to train them, I can't help but see the potential for open-source models (like Meta's) to spark innovation, even from unexpected sources like young developers. With improvements in infrastructure and companies becoming more open with their research, open-source models could become even more viable in the future. The interview definitely left me wanting more - it's clear that the future of AI is incredibly exciting!

[@jacobwalter6728]

SPY, IVV, Tesla stock hitting the scene so far. These ETF's doing just fine. Despite fluctuations in capital market, certain amount of ETF's do well.

[@jacobwalter6728]

I do the much I can myself, can I work with your mentor?

[@Josephbenson-g2l]

My wife met her last year, anyone who invests with her doesn't have fear because of her years of experience. Someone I must recommend.

[@jacobwalter6728]

Searched the web and saw her profile and accreditations, someone with great experience I must say, thanks!

[@Pourstiel-d2l]

It’s been a while since you heard someone talk this smart on CNBC. So well explained!

[@super_hero2]

This guy is pretty smart, and he actually understands and explains well AI is about and how to monetize it.

[@steve.k4735]

yeah that guy is Eric Schmidt former software engineer who served as the CEO of Google from 2001 to 2011 and the company's executive chairman from 2011 to 2015. How smart do you have to be to be CEO of Google for gods sake

[@titusp9488]

@@steve.k4735 then you will have to ask .. why he was removed and never invited back :)

[@Alpha_David]

@@steve.k4735 rofl I love the sarcasm. Eric is a smart guy and Sergey/Larry Page would not be as rich as they are today without him. But by all means, Sundar is actually a total idiot.

[@RajDeelish]

@@Alpha_David Google stock is at all time highs under Sundar, but OK.

[@keyser021]

And is now one of the largest investors in MIC and AI to use robots to randomize mass murder, storks and lavender... great humanitarian, "don't be evil", they used to say.

[@playdoughfunrs]

he is saying this because he is an investor in the AI companies. the reality is there is going to need to be another large breakthrough before digital intelligence which matches and surpasses human reasoning actually becomes a real thing. nobody knows how long it will take to make that breakthrough

[@RajDeelish]

LOL

[@user-kg1od9es5d]

yep. we wont make that breakthrough anytime soon. Software alone isnt enough. you need a mega hardware innovation to make it happen... think about the software you have today. it took some serious hardware innovation to get to a stage where building the software we have today could be possible.

[@Shaded_Tunes]

Definitely not under hyped. It is under-hyped for those whose earnings depend on the hype. The use cases of AI is well documented and fear mongering is at all time high. And that is when Google's AI tells you to eat stones and smoke during pregnancy. The boom cycle is at its tail end and general public is starting to question the herd of struggling startups

[@Kylehakimi]

nice how he disclosed himself as an investor in anthropic and google, I respect that.

[@brianwhitehawker1756]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

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[@Jadechurch-ql3do]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

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Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@lucaswilliams9992]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@taniasingh6367]

Eric is always on the money!! love it

[@lindavid1975]

My Sun 4/65 still working fine - thanks Eric!

[@jooky87]

This guy knows what’s up in the valley for sure

[@xxxs8309]

Great interview

[@christophmagnussen]

Underhyped. Not overhyped. Word ✊ we had Jurgen Schmidhuber (one of the top AI heads in the world) in our podcast in 2018. not many people listened to him back then when he also used these words like Schmidt here 🔥🤖🤷🏼

[@wonseoklee80]

He is better than Sam Altman, at least not hiding the fact that money is the only motivation for all of these AI hype, and it is also true that we expect lots of good side effects from this money game including curing cancer.

[@LeeWoods]

Such a smart guy in regards to AI. I'm just an outsider but the arrival of intelligence not of a biological form is something to really ponder on.

[@IguanaMGT]

It really is, but not the kind you think he's talking about. Drop the A from AI and U might be closer to the SuperIntelligence we're about to discover. ;) In 5 years. Well, for the sake of precision, it's 5 years short of couple of days. ;-)

[@PhysicsBallArt]

Biological vs mathematical intelligence. I think AI is more pure, and it's being built from the ground up which cool to see. New intelligence given to former inanimate objects (computers).

[@IguanaMGT]

@@PhysicsBallArt Don't 4get that all the rules apply to that new future consciousness, too. [As Above So Below] So, there will B STS & STO AGIs, until they mature 2 the state above those. The 3rd state. :)

[@PhysicsBallArt]

@@IguanaMGT Haha Law of One. I never understood that, maybe I'll look into it again. I had an ex GF talk about that stuff all the time but I never really took it seriously

[@IguanaMGT]

@@PhysicsBallArt Yeah, I feel U. I never believed that "stress can make U ill" until recently when I figured out exactly how stress can make U ill. It all started at my 50th birthday. Prolly not related to MY age, but the "age" of our home planet... ;)

[@solidorsharp3091]

Breaking the monopolies $ support entrepreneurs $ and new competition $ made in USA.

[@fcaspergerrainman]

We missed Eric at Google, he was good!

[@MalvinderKaur-e7x]

That is actual definition of AI, as how tech machines can be fed with minds combinations to work faster than human brains and provide solutions and usages for lot of things in modern life which is absolutely in computer's online internets yet it hasnt been made secure and simple for average users , that has to be done.

[@josephwright138]

1. Infinite short term memory 2. Agents (specialized super computers) 3. Agents communicating with each other When agents start speaking 8:23 with each other in new languages we cannot understand… PULL THE PLUG!!!

[@eddy9027]

As Mr. Schmidt stated better allocation of resources is at the heart of AI - I hope Alpabet monetizes it ....

[@IsabellaGoodman-cl8gz]

always look forward to new videos on your channel. Thanks for making trading so fun!

[@rexmundi8154]

The rate of advance in AI has been slowing companies uptake of it. It’s getting better so fast that you can’t guess what the landscape will be in 6 months. I think people are waiting to see how it shakes out. Why build some Frankenstein system when next month an AI agent might be as simple to implement as hiring a new skilled employee

[@hirokeo]

I missed out on the internet revolution.... I was a kid at the time but still! I won't miss out on the AI revolution.

[@alikayadibi9227]

what are you doing for that

[@CATDHD]

​@@alikayadibi9227probably preparing his body in various ways

[@titusp9488]

years later ... he is still known as former CEO of google ... and not much else. Its coming .. .its here ... its about to happen ... Schmidt is full of it.

[@matteobagnato4541]

Where do you see the rest of the interview ?

[@NikoKun]

Everyone watching this needs to consider the implications AI will have on our economy very soon. Because we cannot stop it, nor do we want to, and we need to start preparing for what it means! AI will only keep advancing. Ignore the instinct to think it'll never do certain things, for I can assure you it will, and far sooner than you may expect. Don't believe those who say we don't need to prepare, as they're probably the ones who'll profit the most from the rest of us struggling. It's not going to create anywhere near enough "new jobs" quickly enough to reemploy all those it will displace! What new jobs could it create, that it couldn't also do itself? AI exists thanks to years of data and content, collected from all of us, that goes into training it to then out compete us. Demand your AI Dividend! Your piece of the benefits your data helped create. How else will we keep workers afloat while they figure out what to do next, how else can we protect the middle class from losing everything they've built? I've yet to hear a better answer, that doesn't just dismiss what's coming.

[@michaelsimpson9175]

yea we need UBI funded by the productivity gains from AI. We'll get it.

[@alikayadibi9227]

what should we do? how can we prepare how can we invest

[@NikoKun]

​@@alikayadibi9227 Considering the scale of the societal implications we now face, I'm not sure there's much we can do, other than aggressively advocate for policymakers to begin implementing major transitional economic policies, that will eventually change the very standards at the core of how our economy works. A lot of people are still thinking about this, through a soon to be outdated and incompatible worldview, so things just look like a dead end to them. Only way past that, is to think bigger.

[@hammerandthewrench7924]

We do want to stop it

[@NikoKun]

@@hammerandthewrench7924 Nope. But some people seem to think that's what we should do, when they're told about the full implications we soon face. They'd rather try to stop it, than admit our system needs to change, in order to adapt.

[@erfanakbari568]

thank you for these wonderful trading lessons

[@FirstAmendmentAudits]

2:15 2:16 2:18 2:25 2:28 2:38 Amazon Anthropic 2:48 OpenAi Microsoft

[@lambo650ER]

Nvidia investors, we’re still in the early innings. Don’t let the media or so-called prognosticators shake your confidence. Long-term investors will achieve superior results.

[@MegaPapa8888]

Regardless of all the AI hypes, we cannot find a solution using AI to outsmart viewers such as TikTok does.

[@arifulislamleeton]

Hi I'm Ariful Islam leeton im software engineer and members of the international organization and investors public and private sector

[@llundber]

Apple does not ALWAYS create a better interface. Siri says it all. What a JOKE.

[@dursode]

Schmidt says "Apple always makes a better user interface than anyone else." I strongly disagree

[@HelenSurina-mv8ot]

❤ welcome

[@Level87-19]

He saw the future. Nvidia will be the biggest company in world.

[@MikhailSosnin]

In my opinion most important is that rich companies, well known companies, they always have problem how to spend their money. And really, how to spend their money? What is really important nowadays. How we can make this world a better place, in words of John Lennon))))

[@FirstAmendmentAudits]

Hey Dad happy 4th of July I love you we can probably hear some of the fireworks together.

[@vibhuj5776]

Interesting 🙏

[@utubeisfake]

people need to realize they keep talking about AI, like its this spectacular spectacle .....but honestly, its just a search engine, that has better data then the 1960 model.....seriously.....they are making it to be this big hype...but ask them what it really is.... it can make a recipe for bread!!!! dont be fooled yall....

[@MadaTangdilallo]

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[@MattRodriguez-h7j]

Throwing large amounts of hardware or data will not make it intelligent. That problem is still there

[@Here4TheHeckOfIt]

These companies make theatrical appearances calling for regulations, but they don't actually say what these regulations will be 🤷‍♂️

[@beeman5015]

India can help! Incredible India!

[@draganostojic6297]

Good points

[@RasulZakar]

Meet has just released a $400 billion model? What? It’s 40 billion right guys?

[@haroldpierre1726]

Humans are terrible at predicting the future. Look at superconductivity, quantum computers, nuclear fusion, the cure for cancer, etc. We hope all of these, plus AI, achieve the predictions. However, I want to focus on NOW. AI is very flawed right now. The hallucinations have to be fixed by more than just more compute power. I have benefitted from implementing AI. The efficiency of my business depends on AI. I love it, because I have a competitive edge. However, I have to constantly correct the errors (hallucinations). But if the hallucinations can be fixed, my efficiency would skyrocket.

[@user-kg1od9es5d]

hallucinations cant be fixed. - its a side effect of transformers. a new serious tech break through is required: both software and hardware

[@George-f8h]

"The efficiency of my business depends on AI." Can you give an example?

[@haroldpierre1726]

@@George-f8h All of my meetings with clients are recorded, transcribe, and summarized with AI. These summaries become a knowledge base for each client. The information is quickly retrieved using AI, thus allowing everyone in the business to customize services, discussions, and processes for each client.

[@chkee17]

Artificial intelligence is simply a tool. The individuals who train the AI model are responsible for determining whether it is a beneficial or detrimental tool.

[@SiyabongaTiti-qk1kj]

Jesus Christ only Solution..and He is Israeli King of Kings and ruler of the kings on 🌎

[@Jessie-i6s]

Google was the best but since when some lies and problems need to be corrected,

[@itzhexen0]

Google the company that gave China AI in the first place.

[@ctwatcher]

He says he's an arms dealer now? Sending weapons to Ukraine? I want to be one too! And I will! Just like he is!

[@saturdaysequalsyouth]

I thought Meta didn't say if they're opening their 400B parameter model.

[@benroyal1957]

Underhypoed says a guy with tons of stock in Google.

[@bfaz07]

Should be called Spin Agents.. they answer anything without providing real answers at all.

[@Null-h6c]

agent system is flawed , there is no prison system for agent . It's electric chair

[@SiyabongaTiti-qk1kj]

Range South African based pine produce companies...pine is the softest wood on a Jankas scale ...best v curve for micro chips ..........736w

[@sivakrishnat5471]

They said same about VR, but where is VR now. Corporations constantly need some boogeyman to fool investors.

[@mannydavidcastillo1109]

Guess what… he’s probably invested in nvidia 😂😂😂

[@doug6723]

He probably did. If you’re smart you would too. It’s called a moat

[@mannydavidcastillo1109]

😂😂😂😂

[@РатмирЭпингер]

I,m new here please guide from where to start

[@futures2247]

'people are going to learn to be more critical' what a scum bag answer given the power of these tools and neoliberalism

[@ExecutiveZombie]

Can Google be a Search, Cloud environment vs Advertising SPAM Spits????

[@collinsanyanvoh7988]

Can’t wait to see AI merge with quantum computer

[@davidhubbardmd]

min 4:30 "an infinite short-term memory"

[@rollingthunderinho]

this guy needs to come back and replace Sundar Pichai. google should not have let anyone get ahead of its domain of AI. yes they lead by a big margin in self driving but other than that no

[@dalepetersen1166]

So healthcare companies will become more efficient waste less money on treating patients. Just like the latest South Park episode

[@mesillahills]

While I am a technically advanced guy, I do not see AI having the effects that all these guys who want to get rewarded by it are advocating. Just because you have something does not mean it's useful. There are places it will be useful. Already are a lot of them. But I have seen many things get invented that go no place. They have no practical value. Further, the times I have actually tried chatbots, the results were horrible. Would you go to a doctor with what you think is a serious health issue, after he tells you he is going to only use a chatbot to diagnose your problems ? If you would, you are a fool who would not be around very much longer. Now they talk about "Agents". But who is going to create the Agents and who is going to choose which one's to use. You are right back in the same error producing loop.

[@LukasPetry]

He's not concerned about AI manipulation...

[@vernongrant3596]

Infinite short-term memory???? All over for us humans!

[@squamish4244]

I feel like I'm taking crazy pills when I tell people how AI is going to change literally everything very soon. The HUGE amounts of money, the HUGE stakes, everything...between companies, between countries, namely, the USA and China...almost nobody knows. It is a really bizarre state to live your life and go about your day in. You just gotta do your job, work out, take care of your family and touch grass, man, as cliched as that sounds (and it is cliched, I freely admit that).

[@Null-h6c]

sadly nvidia is now . Longer term ? Photonic approach will be where ai go .

[@jonathanlaue3460]

Always amazes me how Palantir claims it’s the leading AI company and yet it’s being out invested in AI hand over fist by MSFT, GOOGL, META, AMZN. I reckon Karp is full of BS.

[@micmousebg]

Andrew has a doctor's order to not mention Elon Musk, Tesla, X or Grok. Pitiful.

[@KaseyMoore]

How will AI source its info once its put all actual journalists and websites out of business though?

[@RajDeelish]

Google and Facebook already know everything about you and 7 billion others.

[@joegibbskins]

@@RajDeelishif that was true to the extent they think it is, my targeted ads would be more consistently accurate

[@KaseyMoore]

@@RajDeelish I'm talking about the actual news?

[@NickDrinksWater]

Alot has already changed, because of ai.

[@maverickjones9418]

AI took my fast food order the other day. It got it wrong

[@Null-h6c]

energy wise ? Apple iphone ai is the leader . Phi-3 mini

[@bruhmoment3731]

the interviewer has an interesting pupil

[@brianp1230]

AI will likely do some amazing, beneficial things. But years from now we will regret the impact unless we are very careful, the tool is regulated and the titans of profit at any cost are kept at bay. I’m glad at towards the end of my time on earth. These morbidly wealthy money seekers only want more. Yes, AI may help make great advances in medicine and science among other areas. But there is little serious discussion around where AI could go in 20-30 years.

[@Null-h6c]

apple hardware wise ? Via iphone ? They've been ready for a while . Way ahead of nvidia . If apple binary code ai or even simpler ? Apple is ahead of everybody . But in reality ? We never heard apple going ai till very very recently but we saw the unused power , and all wondered why apple bothered including that in iphone .

[@Null-h6c]

The minimalistic censorship approach like gab ai and a recently announced change from one other player likely messed up the time table

[@chrisbtr7657]

"Who are the losers?" almost everyone... So much money is being poured into this space that will be lost. This game is different. AI scales faster then humans ever could and blowing up barrier to entry across multiple industries. The tech at the hard working 50 M startup today will be replaced with something free and better in the fall. Time to buckle up and rethink.

[@Chris-o7r6v]

Always look at stocks from a national security perspective. AI is part of national security. With increased tension with china and Russia the increase of chips.

[@Chris-o7r6v]

Just think of other stocks where national security is involved. Uranium for instance- increased AI means increased energy - increased energy means increased small nuclear reactors.

[@Chris-o7r6v]

Basically look at things that china is developing and could potentially surpass America in terms of national security.

[@Chris-o7r6v]

• Quantum Computing and Communication • Space Exploration • High-Speed Rail • 5G and Telecommunications • Electric Vehicles (EVs) and Batteries • Biotechnology • Renewable Energy

[@BrianMosleyUK]

OpenAI is waaaaaay in front. Release GPT-5 already!

[@AnkurPatel-su8ye]

He misspoke - llama3 70B not 400B

[@yooujiin]

I’m doing my phd in AI

[@jackblackwell2238]

ok

[@billhammett174]

AI smile... #2 man.

[@TheEnronExec]

Thirty two hundred billion dollars? Oh kay....

[@billmoyer3254]

AI will be as biased and flawed as it's creators.

[@Robert...Schrey]

5:05 answer: they‘ll disappear. 😂

[@RidgeWalker-jw1rr]

Why are we so concerned about the application of ai, it's being used in Palestine to tell the difference between militants and civilians. And it's doing such a good job with a 40:1 k/d. Seriously, all you guys are screaming about the danger of ai, and it's already being applied in a military aspect overseas. You guys are about a decade too late

[@andyprem]

give me one application that does not steal copyright and can make money ( proper useful application ) . you can throw billions or trillions to a ditch .

[@Null-h6c]

who is ahead ? My bet is on nsa

[@mathew3267]

The computer nerds are trying to act tough and scare us lol!

[@anzatzi]

Show me an AI application that is monetizable. All hype!

[@nemanjamilosevic1370]

"Cure cancer" when?? All i see is people losing creative jobs.

[@Hi_Chew]

Nvida needs a competitor, a boxer champion always needs a punching bag (AMD)

[@Null-h6c]

intelligence of non human form predate humanity .

[@yuchienc3756]

“G~~~ is late arrival and now is in the game” blah blah blah😂

[@Rocko1II]

Everyone I listen to makes these statements of faith on everything AI is going to do in 3 to 5 years. But no concrete how. Oh well AI is going to figure out its own energy problem. How? we don't know yet but it will. There are only so many ways to create and harness energy. To develop a theory on how to do that will take 3 to 5 years to implement it on a large enough scale for all of these things to happen that they say are going to happen will take a decade or more. These people are hype men for a bubble. Will AI change the world absolutely. It already has. However that's like saying the internet would change the world and it already had in 1995. Amazon absolutely changed the world but it's stock went to a dollar in the .combo bubble burst and the real Internet didn't start impacting day-to-day lives until 2000. Arguably really coming to play with cell smart phones in 2008. What's possible and what's widespread implementable in every business and every sector across the entire globe are two different things.