Most Valuable Video For Your Career - Tech Entrepreneurs Predict The Future

Watch the full episode - • Ep #4 | WTF is ChatGPT...
Listen to the full episode on Spotify - open.spotify.com/episode/113n...
Listen to the full episode on Apple Podcasts - podcasts.apple.com/in/podcast...
Chapters:
0:00 - Introduction
0:14 - Aprameya's Predictions
1:53 - Tanmay's Predictions
5:00 - Varun's Predictions
12:40 - Umang's Predictions
16:51 - Nikhil's Predictions
Nikhil Kamath - Co-founder of Zerodha, True Beacon and Gruhas
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#nikhilkamath #WTFiswithNikhilKamath #chatgpt #ai

[@NikhilKamathClips]

Watch the full episode - kzbin.info/www/bejne/Y3nOc6qJlt-Nqa8

[@tusharsharma1113]

You are a rockstar dude

[@HarishAgastya]

after industrial revolution man's muscle has lost it value , so we moved slowly into next level which is intellect based industries where the ability to analyze information intellectually played a major role, so now with A.I revolution we have to move into next level which is emotion based industries...as you correctly said compassionate capitalism...… currently youtuber Mr.Beast is doing that .....he made net worth of 100 million dollar by making KZbin videos where he did lot of charity...may be this is the future for entrepreneurs...A.I does everything we does with intellect but it lacks empathy and compassion .

[@dudeabideth4428]

I work as a software engineer ( ex apple, 20 years exp, now amazon). I was super amazed by chat gpt initially. Now it's just a faster Google and a faster stack overflow. And I should also add it's a faster but wronger.

[@WolfManThoughts]

Its generating everything for you, so cant compare it with google search or stackoverflow. Like they mentioned in the video, you just need to know how to leverage it to boost your productivity.

[@shivayshakti6575]

True I work in data and feel the same

[@ddoshi39]

Exactly, CHATGPT is just a buzzword these days

[@nandansharma3923]

Yeah, more often than not the code generated has glaring mistakes. But, it is really really helpful. Far better than skimming over Google search results

[@commonboy1399]

Wel, being wrong is not a bad thing, it's continuously training it's data and processing better data ... the matter of concern is that one day, after training and training one day it's going be so good humans that humans can't even guess or be closer to it's output ....

[@abhijeetsdm2605]

Isko bolte he podcast, No nonsense , guests are qualified to talk about what they have done. Thank you for this quality content

[@sreeharshagarimella1593]

Kya seekhe ho bhai isme tanmay ne dopamine wala sahih kaha. But apart from that nothing much valuable. Varun ne jo Gyan Diya baap re 🙏🙏🙏...usko tho alag se saza deni chahiye for sheer ignorance of reality about AI.

[@shivamsinghi4858]

What content and logic, the world isn’t so ideal.. building a wall bla bla shit.

[@shouryasarin]

Sarcasm 💯

[@krunalpatel7126]

white tshirt kya c*** logic tha

[@AbhayTiwari]

Who among these is an expert in AI ?

[@prabhattiwari007]

All of a sudden, every ceo has started thinking about our careers

[@ritwikgupta9663]

Thats a point which is mostly consumable content is and they all are making money even here ,thats the diff. Betwn them and us the make fast changes and stays at top of world all the time

[@Nickator]

​@@ritwikgupta9663 bro he owns zerodha💀. KZbin monetization ain't doing shit

[@ritwikgupta9663]

@@Nickator everything's not about money acknowledgement is also something and anyways they are help us understand world better

[@bollywoodethnic4569]

@@Nickator He is building his distribution.

[@ashishrudra1]

My favourite guest tanmay and Varun , wherever tanmay is laughter and happiness follows.

[@AcidiFy574]

What makes that guy so special anyways ???

[@manjunathdonur4183]

All are humble 😊 talking about humanity & job creation

[@hemavathikumar9123]

Fruitful 20 mins podcast!

[@omkarmishra7533]

Really great to have all of you guys under one roof.Also,Nikhil let's start the fruit business.

[@swapnilbajpai5906]

I feel it’s a good time to look at our JD from a AI perspective and start adapting with the technology. The strategy should be to control the technology to our career needs and not submit to it.

[@karnatakaauctionproperties]

Indeed great information and an eye opener ❤❤❤❤

[@sushrutjangid3635]

I like how the human psyche works, rather than discussing what AI could bring into the picture the whole conversation pivoted to imagine a dystopian outcome. They are still clinging to that negative 5% outcome. And there is nothing wrong about it, we are pessimistic humans have always been to basically prepare for the worst. But, history repeats itself, all these new age revolutions happened before too, and there were new jobs, new avenues that opened up.

[@PGPRADEEP988]

thank u so much indeed Nikhil !!!

[@niteshkumargupta8658]

When once you have earned you can easily preach philosophy and discuss future ...

[@jawadhfz]

What you are not considering is that with ai comes abundance of every commodity. So things will get cheaper and more affordable. People won't die of starvation. Quality of life in material sense will improve. What I fear the most is rise in mental health issues as people suffer from crisis of purpose. This will eventually lead to war between groups just to feel relevant.

[@MrMadhusudhan45]

Honestly I disagree with things getting cheaper, people not dying of starvation and better quality of life. Can you elaborate on that ?

[@jawadhfz]

AI will bring greater efficiency, economy, greater productivity etc. AI + manufacturing + reduced labour cost will result in cheaper commodities.

[@hitenkaushik]

​@@jawadhfz But how we are gonna deal with its consequences of unemployment as reduced labour means less employment

[@akindia8519]

​@@hitenkaushikexactly suppose things do get cheaper due to low labor costs, but due to mass unemployment, how will people earn money??? If they won't earn any money, then how the heck they'd be in a position to spend?

[@Razrman]

Nikhil, just one question - Why Varun? I don’t mean disrespect but he was coming across as a know-all and just got pessimism to the table. It was nice listening to the others though.

[@siddharthbaraiya]

People like him are the example of whom you should not be like. Such a off he is

[@mritunjay3723]

well I also think same.

[@omppc]

From Self Goal to Smart Goal

[@sanskarpandey6213]

Albeit AI/ML definitely seems to be finally arriving at its dawn, similar to Comp Sci and programmable computers during the ENIAC days, I think most of the time when people say it'll replace humans, or that the future is AI, they seem to be on the hype train. I love AI, currently am in the process of specializing in it, but I believe we are still in the fairly early days, and there is alot more to do and explore. What we've seen has been progress primarily in generational AI and LLMs.

[@sauravrathod2477]

2nd last prediction best!

[@SagarKulkarni1993]

So glad Nikhil started this ❤

[@prateekarora6389]

Thank god Tanmay is there otherwise this conversation would have went too serious. Thanks Tanmay for being there bro! Nikhil bro please keep Tanmay there, we need some jokes in between to digest your super intellectual stuffs. P.S. Great job you guys!! Keep making more such videos.

[@aryanl55]

Stupid jokes! Just repeating stuff

[@RajeshKumar-vq9fs]

Sustainable living is the word you guys discussing.

[@BikashSharmabks]

Throughout history, technology has made human race lazy, yet it has also significantly improved efficiency in various tasks. Similarly, with the adoption of AI, there is a possibility that humans may become less inclined to engage in creative thinking but more adept at achieving efficient outcomes. If we consider the case of software engineers, AI adoption might contribute to a sense of laziness less creative among them, while simultaneously enhancing their efficiency. However, it is important to note that AI will always serve as an assistant to human operators, offering superior options and insights. Ultimately, the final decision-making authority will remain in the hands of humans. Else the we would never require CXO who makes few decisions but of high impact. Regarding job loss, I believe that it is the skill set that will undergo transformation rather than resulting in widespread unemployment. In the software industry, for instance, there is a constant need for engineers to reskill every 3-4 years in order to stay relevant. Failure to adapt and learn new technologies can render an engineer obsolete. Therefore, while AI may bring changes to the nature of work, it is unlikely to lead to significant job losses. Instead, the demand will shift towards individuals who possess the necessary skills and can adapt to emerging technologies.

[@SushilSharma-vp8cx]

AI cant beat narcissism of Varun

[@12345sankar]

Varun sounds logic.

[@SushilSharma-vp8cx]

@@12345sankar Leave Varun give me your Gold

[@Learnwithmasters66]

​@@12345sankar I also want gold 😂

[@12345sankar]

@@SushilSharma-vp8cx noooooo never 🤣

[@12345sankar]

@@SushilSharma-vp8cx 😂

[@shivraj994]

Loved Umang's perspective on this.

[@archie6586]

They forgot about Government. No govt. will allow job losses because of obvious reasons( People will not vote for them, No jobs means no consumption that means even more job loss) Govt will be like if you want to do business in India hire these many ppl. Yes maybe annual hike will be negligible and employees will not enjoy much benefits as they are enjoying now.

[@dhananjaywithme]

funny

[@archie6586]

@@dhananjaywithme why is this funny

[@ageless1003]

​@@dhananjaywithmefunny comment for sure.

[@jatintanwar1152]

​@@dhananjaywithme bruh 💀💀💀

[@AnkitYadav-td6mg]

Ever heard of UBI (Universal Basic Income)....the whole "You will own nothing & be happy" shit by W.E.F (Klauss Schwabb)?

[@omppc]

Stability, Measurement, Access, Reliability and Time-Bound

[@Rumitdhamecha]

Positivity matters in business and in thinking.

[@irajatsolanki]

Let's show this to their employees and let's just hope

[@omppc]

Indifference Curve is directly proportional to price equilibrium

[@arunsar7893]

13:10 I completely agree with this.

[@nainasiwach334]

Nikhil nailed it - No one can predict the future.

[@lawaired]

These guys have convinced me that AI would be doing the podcast in next 10..

[@vyasswaroop9276]

Dopamine detox tools will be developed and that will be widely used by most of the people that will limit the amount of dopamine that you'll get from social media. Just like how smoking is a status symbol in social connectivity also is an addiction tool similar to social media, there will be a counter market to detox for social media, like nicotex and deaddiction centers for smoking. There will be options for people to choose, the question is how many will use the detox. Hopefully the area of psychology will explode in a decade and all these materials will be available for most of the people.

[@locksporter]

GOLD

[@arunsar7893]

6:10 That's Salmon Boi right now.

[@omppc]

From "Deployment" to "Redeployment"

[@ramanujamsrinivasan2664]

The way you guys talk is like a group of Men gather to talk in a room just before the World is about to end and how it is would end!!

[@omppc]

From Lal to Loyalty

[@its553a.m9]

Nikhil and Team, I suggest you to name each of the guys who speak on your podcast. It will help us know their background while watching them speak. Love the talks!

[@shantanukulkarni8883]

Life will be easier. Many small problems would get solved by tech. Demand will rise for physical and risky jobs. Macro economics will be weird and confusing because many countries will come up with new and untested methods of operating. Overall people will be happy but problems like mental health issues and cyber secuity would surely rise.

[@manifestabundance-pu6ex]

For an automation to even trigger, it will need manual intervention, isnt it? This may not be true, howver the percentage is big enough to support the statement.

[@ashakumari1749]

This is so good content sir. Please don't ruin it with such substandard headlines.

[@rajat_sehgal]

I am also an SDE trying to get a deeper knowledge of AI so that I will be relevant in future in the worst scenario. But from the demographic perspective of India, I think the major population is still untouched by the technology which we use in the metro cities. So, there will be a niche class of our population affected by AI, the rest market is working offline only in most cities of India. What I am planning is to earn money in the upcoming 5 years while being in IT, then for a passive income, I will dive into farming or real-state business which will be unaffected by AI.

[@Learnwithmasters66]

Uhhhh Umang's voice 🤯

[@bhagyeshdholaria]

Can you give a tour of your hydroponic setup? Would love to learn and setup my own

[@crazeee123]

Hey Nikhil, try aeroponic towers too!!😅

[@parasgoel5261]

Umang's voice 😵‍💫

[@NaNa-lt1po]

tanmay bhat hit the nail in the head! tiktok, insta are killing our next gen..

[@unicornakash]

Treat KZbin as a school great point.

[@rajbeer1580]

haha! Nikhil, you are in the end being a youtuber, hi im nikhil like comment share and tanks for watching 😅 its sweet to see you playing a youtuber role👌 loving it man💕

[@omppc]

CTO of Zerodha rocks...

[@harisshlunanii507]

The description should add the names of people talking.

[@user-mn3fi4qv9r]

It's interesting & funny to see people who utilizes trending topics/ads (high dopamine) /contents or products to increase consumers, talks about dopamine imbalances & disturbing ongoing trend.

[@harshitakhandelwal7860]

What a lovely episode! Since the world will be full of everything, emotions and feelings would become the greatest currency. If you are capable of make people feel at peace, secure, loved, you are the richest.

[@greymatter9400]

Ok cool but have u watched the full episode , this was just a glimpse maybe u will enjoy the full . I like ur approach towards feelings and emotions i hope the world goes the way u r assuming :)

[@nsja3920]

Agree that rules of game will change , it will change 180 degrees

[@omppc]

From Lenskart to Add to Cart

[@AsheeshKumar13153]

If people do not have jobs, they will lack the purchasing power necessary to consume goods and services. Consequently, companies would struggle to generate revenue and sustain their operations due to the absence of consumer demand. Therefore, contrary to widespread anticipation, a scenario of extensive job loss seems unlikely, given its potential severe impact on the overall economy.

[@akindia8519]

But we do also need to consider that in a capitalist economy, a firm doesn't give a damn about the economy, it won't even think about the consequences of laying off people(which is lower spending by people, ultimately) , at first, a firm will only think of reducing its cost and thus, having more profits. But let's say later on they realise that people have reduced spending due to mass unemployment, I still don't think they will be doing mass employment again, as they need to keep the costs of commodities lower. Also, we need to keep in mind that due to lower costs, it's possible that commodities will get cheaper, but I still have no idea how the heck will unemployed people be willing to spend ... It seems like a never ending vicious cycle.

[@Badbayafternoon.]

ChatGPT is my new teacher... literally I was using it for every getting the reasons of the statements... Whenever I feel bored I asked him questions instead of scrolling Insta... Just day before tomorrow I am thinking of what if I don't make friends & just talking to him....

[@netlogis]

Building a Mental wall to stop consuming natural resources & going off the grid may be promising . But seeing the technological advances & pursuits resulting in big infra installation , all this will put you in a perimeter & surely make you a pure consumer again. I mean we will have to work on some kind of resilience for sustainability. May be generative AI will come to our resQ.

[@gaggle101]

I think we highly underestimate and undervalue the power of empathy, trust and honesty in business under the guise of “aise hi hota hai” and forget the value a collective conscience can help to build a ‘good’ world. We need not romanticise any period in history or predict the future because either is quite futile. We also cannot abhor new technologies or advancing in (not necessarily progressing) discoveries but they should be done with a goal for a sustainable and long term output. PS- literally only all men commenting, maybe you should have a more diverse group.

[@ssiddarth]

Very well said

[@akindia8519]

But I guess, in a capitalist economy, firms won't care about the other people, all they'll care about is reducing their costs and increasing profits

[@ruchilkothari8676]

Need the stuff that Mayya scores!

[@pranalipatil5383]

Can you do one tour to that farm?

[@Padmanabham.]

3:41 Varuñ bhai be like: "Han yeh kar lo pehle 😒😮‍💨; mereko to deewar banana hai 🧱"

[@sushrutjangid3635]

I don't think AI going to be that dystopian

[@ravivibhuty2236]

We are a startup from Uttarakhand in the Himalayan region.

[@jay6645]

Well, becoming Rich (even through hard/smart work) doesn't necessarily make you knowledgeable on everything under the sun. Commentary here on AI tools is an example.

[@DANIELALANROYAE-]

One bro has insane bass

[@RossiFumiIndia]

Let's first build roads that don't get ruined after a drizzle.

[@zoro1930]

None of them could think out of the box. They are not even aware of what developments are happening out there in Europe.

[@Shubhamkumar-mt8of]

Can you elaborate what type of development?

[@vanshchauhan8419]

Can we talk about how to fix Banglore traffic problems also flooding

[@surajvarma305]

Good stuff with less BS

[@ChetanPatil-tp9on]

Nikhil need not feel about missing out everything will be compensated with his bank account .

[@chetan69]

One thing or something that is a total threat like that to the level of ai to me is the bloody field of biotechnology. But because of all the sanction that the world had on this field, we did not saw the era of GMO ... so I hope that the world also comes toger in this thing of ai

[@omppc]

Referral Code is the next Jumla sir...

[@rudrenshahiwala]

Love these podcasts. Raw, Authentic, Informative. @nikhil Any podcasts on Financial Health, Stock Market, Investments. Would be great to learn from you and some experts you know in this field.

[@ganeshkahandal140]

It's Curious Ask To Nikhil Dada... Why people get so individualistic and Think Mostly So pessimistic happens with World almost all time... One want to build wall for 5% odd Other Great speaker like saying I am just counting seconds nothing worthful happen.. About the Prince....Book May this worked till but we are born so pure and joyful we all will get to truth and and Sustainable lifeful ecosystem will spread all over the world.... I am really feel worst- being sitting on heading chair and really try for better way to go all are just predicting pessimistic future..... Pity for all of them .... **....Make a Great Day

[@spacegoods]

Nikhil you have a great question , but sadly it lacks integrity on your part to actually know the answer. Question like this being part of casual conversations get these 1 dimensional answers. if you actually want to paint the picture of the world 10 years from now, you need a isolated weekend with diverse set of individuals like someone with background in tech, finance, government, geopolitics, young adults (there outlook will shape future consumption and societal norms) , celebrities, spirituality etc. These people need to form groups and ponder over forces which will be more relevant 10 yrs from now. Out of this discussion next we can have a meta discussion among groups. This should give us a much realistic picture of the future and opportunity for you as an investor. let me know what do you think?

[@Metallove]

Nikhil is like: I wanna know all about the future, this that all, and end up with everything will be different than predicted after 2 years. Nikhil after 2 years: let's just predict next 2 weeks. What do u think the next two weeks is gonna be. Which energy will be used most? Which supplements are being sold at top. Did something has changeed in the formula of stop aging?

[@user-yk5lv8iw8x]

😂😂

[@deepkore6310]

According to me, Parenting and educating background matter alots and the place where he/she has grown up.

[@omppc]

Bro Varun this was 13 years back...

[@prabhanarayana]

Sir, these discussions revolve around only the elitist of society. Their plans, mannerisms, and thought processes. You need to consider an India which is still traditional, superstitious, and emotionally driven. People are still less impacted by technology in India other than in cities which is also at a very low level. Talk to a common man and you will realize the truth. We have a long way to go. Ten years of advancement will have almost nil effect on our Indian Society. Maybe 25 years can be a better range for the effect to see.

[@omppc]

Alt+Z is called "REDO"

[@omppc]

Sir, FB locked the profile picture because people were taking a screenshot and turning into passport size photo.

[@HarishAgastya]

after industrial revolution man's muscle has lost it value , so we moved slowly into next level which is intellect based industries where the ability to analyze information intellectually played a major role, so now with A.I revolution we have to move into next level which is emotion based industries...as you correctly said compassionate capitalism...… currently youtuber Mr.Beast is doing that .....he made net worth of 100 million dollar by making KZbin videos where he did lot of charity...may be this is the future for entrepreneurs...A.I does everything we does with intellect but it lacks empathy and compassion ....

[@vivekpawar8479]

sir would love to see ashneer grover ji on the podcast

[@sourabhbhattacharya3411]

Even after decades coming of cryto currency governments till today failed in policy making for it, it will take decades but damage would have been done...governments have disappointed especially democracy.

[@abhishekkaushal327]

Great job at getting ChUCHAA from fukrey movie also on the oanel

[@MohitChetwani]

Acha, this is How rich people discuss. Even having so much of money they are scared and thinking how to protect themselves. Indians are way smart, until this digital generation is not brain washed by social medias and they listen to their elders and preserve that ideologies and stop social media, AI and algos penetrate their minds. I respect those people and oldies who never entered share market and thinking its gambling. Their such mindset have kept themselves prevented from greed, and lots of emotions and living a more hardworking and simple life has kept them surviving. You guys are only worried about threats, but talk about old ethics, strong rules, and bring the real core strength of India, instead of talking about Lifestyle. Be grounded and support all humans, nature and life on earth, instead of rat race and please please stop using so many dictionary words, or show a disclaimer in start to use one.

[@omppc]

Slang is a permission that has to be granted by the Supreme Court.

[@mlworks]

Gathering information and putting it into a video, doesn't make you smart. Perfect example is Varun.

[@omppc]

From Kit & Kat to Nil & Nit...🙏

[@omppc]

From Pidilite to Sterilite or M-Seal.

[@hey_iam_deb]

Varun's thinking is too farfetched and over pessimistic..When Automation Testing came around people said oh Software Testers will be decimated.But what actually happened is people trained themselves to use it as aid .

[@FrancisJMotionDesigner]

Bit of psychology here: Varuns prediction is just a mental state that most people use as a motivation to move ahead in life but to other people, (here Nikhil) it sounds like he's very pessimistic. Things are so good in our life compared to 100 years back where people walked miles just to get water. Infact, its so good now that we could be on a sofa and watch netflix all day that our basic need would still be fullfilled but then again, thats a slow journey to misery. Anyways, Varun is just priming his mind just to getoff the sofa and achieve something worthwile using the same thing that he's interested to learn(Ai), then using it as a motivator by envisioning a worst case scenario. For example: A top player in football could prime himself to think that if he doesnt perform, he wont have be first. But if you have to be on the top, motivation from a place of scarcity wont take you anywhere. Now that Varun is good in this field of AI. He should probably transition to a mindset where he needs to think he wants to be the most knowledgable person in this field by shifting his ideantity to a place where he wants to be the best.

[@omppc]

From "Mr.India" to "Mrs.Indi"

[@mydreams8092]

My views. Productivity boom will cause noticeable disruption in job market in next few years, followed by a major recession due to impact on consumption. Eventually in 10 years, people will adjust and move away from jobs culture to find new income streams using AI (being freelancers/solopreuners). To summarise, we will have a period of turbulence and post that the future is bright.

[@akindia8519]

Ok. Let's say that due to being laid off, majority of white collar employees switch to Freelancing and soloprenuership. But still don't you think that all these big firms with more resources, technology, etc. will be much ahead of us in terms of efficiency. With job we're having a stable income as of now, but if lots of people start their own small business due to job loss, then obviously, I as a soloprenuer will face intense competition in the markets and my competitors include not only those laid off people but also these big companies. So, I think, since probability of success in business is very low, then mojarity of us will be doomed

[@mydreams8092]

@@akindia8519 Yes, certain AI product companies will grow exponentially. IT services companies who continue to work on labour arbitrage models will go away eventually. In the short term as people lose jobs those who use AI to generate income will be in good place. Eventually, there will be deflation and cost of living will go down. Reset happens every 100 years. There is always this period like between 1930 and 1950 which is tough. We always lived in the world where quality of life has only improved continously

[@omppc]

Then why was FB Design Head fired...

[@anshubhat1094]

so varun's plan is to make beverly hills in india

[@12345sankar]

Nikhil, your optimistic view of a world, where "capitalism and socialism walks hand in hand" is an utopian theory. Capitalism is against ubi. Capitalism don't support high tax on rich and free money, which ultimately leads to more inflation without corresponding increase in the supply of goods and services.

[@ManishGupta-qh5pk]

0:30 if you think so, then watch and listen to jack ma's view about AI which is more based on facts and experience.