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Immigrant Unfiltered with Hamza Ali
Immigrant Unfiltered with Hamza Ali
The AI Advantage (with Hamza Ali)
Episode 15: Embracing the unknown to pioneer the new.
We’ve heard about artificial intelligence for years, whether it was a concept, a horror movie, or as we’ve seen recently— tools like ChatGPT. The truth is— whether you like it or not— AI is now a part of our everyday lives. From entertainment, to social media and business AI has become a fixture of innovation, and a small peek into the future. With innovation as big as the one we are experiencing now, there is bound to be questions, concerns, and changes. In this episode, Hamza takes a deep dive into the world of AI, and its impact.
If you enjoyed the episode, be sure to subscribe for more inspiring and thought-provoking conversations.
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The computing power, the processing power is enough that, believe it or not, it could heat up the planet. That's how much processing power, how much energy the world of AI will take. It's the immigrant unfiltered podcast with Hamza Ali. The way things are progressing, the way things are growing, it really does look like AI is coming for all of us. Nobody's safe. Does that mean that we will completely and entirely be replaced? No, does that mean that we can rely on an AI to make us money while we sit at home and do nothing, maybe drink some Starbucks lattes, whatever? No, that's not what that means. But I do think that it's going to come to a point where we are going to become different, meaning our job descriptions are going to look different, and I'm going to walk you through that, because this is actually something that has been done for quite some time. At the New York Stock Exchange, I've seen it with my own eyes, where brokers actually move in and out of trades and really all they're doing is they're watching a computer perform their job, like, literally, they're just watching, making sure that things are happening correctly, making sure that everything is in line and if there is an alert, if there is an emergency, if there is something and the Al goes aside, hey, you know what. We're going to take a break, we're going to pause. That is when the human comes in, and I think that's the reality of where we're going to be.
Speaker 1:Let's talk chatGBT. Let's talk BART. Let's talk the replicas that came out. Let's talk about everything that is going on in the world of AI really quickly, just to understand where it all began. By the way, chatgbt is not where it all began. Ai has been used in government and institutional businesses for a very long time. It is just now that it has been opened up to the retail consumer, and that is where everybody is like wow, what is this? The fact that you can run AI on these Nvidia chips is just fascinating. There's going to be so much growth potential there. There's going to be so much opportunity there. Hardware and software. Obviously, we're going to start talking about the software bit of it, the coding part of it. Right, open AI opened our eyes to something that was never an option for us. The weird thing is that they had the largest number of subscribers that subscribed to anything historically over the shortest period of time. Basically, you had the largest number of chatGBT subscribers ever until, of course, threads came along by Zucks. Zucks crushed it with threads 20 million, 30 million, 40 million, 50 million record-breaking numbers. The cool thing is he timed it. Immaculate man, he just took down Elon when Elon was the weakest. He just went for it. Similar idea, in fact, more people like threads including myself, by the way than we did Twitter.
Speaker 1:I never got traction on Twitter. I've been on Twitter for at least 10 years, literally probably have like 80 followers. You can go check out my Twitter, hamza Invest. It's sad, it's really a sad situation, right? I just never tweeted.
Speaker 1:I was not a person who was interested in writing or typing. I don't feel like I have technical jargon to speak of. I have no technical analysis on the stock market. I don't know what's going to happen with each ticker symbol. I am in a very slow-moving, innovative but slow-moving business. I'm in real estate. Real estate, we're steady eddies. We're a ship that sails. We're not a speed boat, we're not a power boat, we're a sailboat. We sail in one direction when the wind is strong and then we continue to sail in that same direction when the wind is not as strong. That is exactly why I think, personally, I never got any traction on Twitter, because how many transactions am I going to talk about? How many things can I possibly post? Well, now, because of AI, I could probably come up with a post a minute, just because ChatGBT and these other softwares allowed me to do that.
Speaker 1:Anyways, let's get back to ChatGBT. Chatgbt launches record number of subscriptions. I remember, man, when it was free. Now it's $20 a month If you want to use the 3.5 or the 4 or whatever number. We're on right now, whatever capabilities that are available to us as retail consumers are. That's where we're at. But I remember we had to wait in line to ask ChatGBT a question and I would say, hey, your question is in process and I wonder how much data open AI got out of it, but your question is processing and it would give you an answer Very quickly. And this is the human intelligence and the human mind.
Speaker 1:People were already looking for ways to get ChatGBT to answer questions that were not supposed to answer Hacks. You had read threads about how you can hack ChatGBT3 to become a high-frequency stock trader, a high-frequency options trader. How can you have ChatGBT predict what the next best-performing ETF is, where the market is going, which direction? Now, I'm not saying that that was accurate, because by no means is everything that ChatGBT says accurate or barred accurate. However, I would say it's at least 50% accurate in a lot of cases. And because that is the case, chatgbt became a great assist for a lot of new businesses to come up. Literally, we have businesses today that did not exist because of ChatGBT, because they ride on the algo or on the model or on the language of ChatGBT.
Speaker 1:So many people attach themselves to it. You have all these add-ons. You want to buy a house? Well, go to Redfin. Redfin has a ChatGBT attachment Type. I want the least priced home that gives me the highest amount of rent. Where can I buy this? It's going to scrape the internet and it's going to give you an answer. I want to fly to Dubai, but I want to pass by Paris on the way and I want things to do in Paris. Tripadvisor is going to have an attachment on ChatGBT. It's going to figure itself out, give you pricing, give you an itinerary and figure it out.
Speaker 1:These are basic functions. These by no means are things that you couldn't do in the past, by the way. It just made it easier. You could totally scrape Redfin on your own, have the filters, search higher a VA to scrape it, figure it out. You would still get the same results, probably even more personable results, meaning more results geared to you, your metrics exactly what you're looking for Now. It just made life easier. I don't need to hire a VA, I don't need to pay someone 10 bucks an hour in Bangladesh or India or whatever it is. I can do it right now from the comfort of my laptop. That's kind of how ChatGBT changed the game. Now, remember when ChatGBT initially came out, because it's a language model that only was updated, or still is updated, in fact, to 2021, the free version. If you're paid, I think it goes to 2022. But because you are only exposed to a certain amount of time and that's when it kind of stops and that time will go on, and it'll go on as well, meaning next year it'll go up to 2022, and the year after that, but there will always be a lagged effect for the free version of ChatGBT.
Speaker 1:Now there are replicas, or the copycats that came after ChatGBT. There's copycats today that do essentially what ChatGBT does, and more and more, and that is a scary thing that someone can take a model, an algo, and improve it in a matter of hours. Literally, they take the whole thing, scrape it, figure out what they build it on, replicate it, put it out there for the public to use and sell it within a couple hours. There's probably at least 100 replicas of ChatGBT today that you could use. Some of them are free. Some of them are paid significantly less money for more information and more capacity, more capabilities. And that's just the world of business that we live in. We live in a capitalist society where people are looking to make money every which way, and that is essentially something that is scary, but at the same time, it's fascinating because we are here in the very beginning and there's going to be so much advancement with ChatGBT and other language models and other AI softwares. Like, if you're making pictures, if you're doing NFTs I know NFTs are dead now and crypto is kind of dead, but if you are in the world where you need these type of automations, this is going to become your central nervous system.
Speaker 1:Ai is absolutely something that is coming after us, right, if you think about it, since ChatGBT launched I think it was what Less than a year ago, right? Since it launched all the younger staff in my office and in any office, anybody who's coming in and working under the age of 30 is using some type of AI in their business. The implementation process, the user interface, is so friendly, so easy to use that I don't think people know how to work without AI anymore. Right, I know Notion AI is a big thing. In my office. I know we have some other stuff that we use. Ai in ChatGBT, of course, is something that we use as well in the company. Then we have more stuff that we use for more content and stuff like that. It is only a matter of time that basic functions of us as people will become to learn how to use these operating systems, these language models, rather than create. Nobody is creating anymore. People are no longer creating.
Speaker 1:So if you're hiring somebody to write you a copy for a blog, for an email, 50% chance today that they're using some type of AI software 50%. So one in every two things you put out on the internet is written by AI. Now, of course, you have to change the tonality. You have to make it sound like you, depending on your brand If you're Nike, if you're Adidas, if you're Mercedes, if you're Tesla, if you're Hamza Invests, right, you take that piece of content, you change it. You make it sound like you that tonality is not something that the AI has figured out just yet. Don't get comfortable, guys, just yet, because these things are changing and they're changing. Not only are they changing every day, they're changing every minute, every second. Something is happening in the world of AI where it's improving.
Speaker 1:Whatever you think does not exist today, or the problem that you are looking to solve that is not being solved today, could very well Be solved tomorrow. Very well be solved tomorrow. It's just one app away, one I'll go away, one website away. These are things that, because Even we don't know that the problem exists, we don't have a solution for, but Immediately, as the problem arises in the world of AI, there's a solution. Right, there are now AI softwares that I use that allow you to build images.
Speaker 1:You type in what you want and they are beautiful images, right. You type in what you want Arabian leopard. I actually typed this one Arabian leopard running towards me. I said I wanted to be running towards me, so I want to look at trade in the eye, and I gave it some other characteristics and it Spat out the most beautiful Arabian leopard I've ever seen. Other reason I type that is because that is the national animal of my country, right of Yemen, and I just wanted to see what that would look like, so I did that and it looked phenomenal. It looked fascinating. I loved it. I enjoyed it. It was such a it was such a fun experience to do it. Now, obviously, I waited, and it's a membership that you pay, so I'm still on it because I use it for images.
Speaker 1:But my point is is that things are growing rapidly and solutions are progressing even faster. Everybody in the world of Office, of work, of busy life, of professionalism, of even home life, is Going to, at some point, need to give in. Now. This is something that we need to talk about, by the way, as well. There's always going to be dinosaurs. They exist everywhere. They're the bane of our existence, in our businesses, even in our personal life I can't say in our personal life, because my parents might listen to this and they refuse to adapt, right, well, my mom, actually, and my dad. They adapt somewhat, but it becomes difficult after a certain age. Let's just put it that way. Now these dinosaurs are going to refuse to operate at the levels that the younger people do. This is just normal.
Speaker 1:What's going to happen now is, we're going to see a huge gap in Productivity between the younger people and I'm talking everybody below 30 and the older people, everybody above 60. Right, the production level, I think, will be 10x. So what? The older individual? Which is sad, because guess what? Guess what that older individual is doing in the business? That older individual is either the CEO or the co or the CFO or some C-suite executive, because they've had all this experience and they're working right. And now you have these Super efficient people who are using AI working for those people at 10x speeds, meaning those guys now need to learn how to absorb more data and as people get older, they get more comfortable, they get more complacent, they get more, you know, because they've made it in life and they've earned it, or so they feel.
Speaker 1:I Think, what's going to end up happening as a result of all of that, and this is just my thought. You guys can comment in the podcast or wherever you can call if this on YouTube or Spotify or Apple music, wherever it is. Just comment and tell me what you think about this, because I think it's an important thing that needs to be discussed. I Think all future CEOs are going to be young, because they have to be once AI settles down Okay, which is going to happen in the next two to three years and we Sort of now know how to implement it efficiently in our businesses without disruption. This would mean that all CEOs would have to be young, because the older people will not compute.
Speaker 1:Well, let me rephrase that the older people who choose not to adapt will not compute. They will be like, literally, we are overwhelmed. It's too much data, it's too much information. You're spitting out things way too fast for me to even comprehend, forget about taking action. I can't even comprehend the amount of data you're pushing out and, as a result, those people are gonna have to get pushed out. Like you think about it. Right, if I think about myself in my own business and I feel for a minute hey Hamza, man, you're the bottleneck in the business. You need to get out. Who? What's the alternative? Who is going to run my business better than me? It would have to be someone who is has the ability to outproduce me. Right now, I have no business of being pushed out of my own business, but it would have to mean that whoever is coming to replace me would have to be better. How will they be better.
Speaker 1:Ai-assisted CEOs right, I'm not saying that it's gonna be a hundred percent AI, but it will be an AI-assisted CEO and I think those are just gonna become things of the future. In fact, I Wouldn't be surprised. Okay, now that I'm thinking about this and and seeing how efficient AI becomes, at some point where I think, honestly, in the next three years, we're gonna go through a dramatic change and AI is gonna take over in a Fascinating way that I today cannot think about because I haven't seen the capacity and the capabilities of every AI just yet. Right, I think you could have one CEO Literally run four or five companies, like I mean, that'll be a common thing. I'm the CEO of four or five companies today. It takes a lot of work to you know, time, schedule everything in run the different businesses, make sure all decisions are being made, make sure we're implementing new things. You know, trying things, losing money, making money that's a job, right? I Actually think that'll become more common than people think. People will do Three or four things. So when you ask people, hey, what do you do today? You ask people, what do you do? They say hey, I'm. You know, I'm a marketing executive, I'm a CEO, I'm a CFO. They're gonna be like oh yeah, I'm the CEO of these three companies, and I think that'll become something more common, because now it's AI assisted. Of course, you need the world to adapt to that, you need the world to adjust to that, but I think it could be something that if people learn to produce at that level, or even produce at the level that they are today, just use an AI assisted Assistant to help them do the things they do, or software's to help them think this to do the things they do, they can be much more efficient.
Speaker 1:Now this could go the other way as well, and let's talk about that as AI starts doing more of the work, right? So let's just say, for example, you have individual XYZ, john Smith, whatever it is I'm sorry, right? And I am working today Really hard putting in the hours, but now I have this AI who's kind of taken over about 50% of what I do. I could become complacent, I could become stagnant, I could become like you know what? I'll just look the AI. Deal with it, because humans are fascinating creatures. They only go where they want to, right? So on one hand, I'm talking about people who are going to be CEOs of four companies, but, on the other hand, this could easily go in the other direction, where people become more complacent and they're like yeah, you know what? We'll just let the AI handle it. It'll make the money, it'll work while we sleep, it'll do XYZ.
Speaker 1:By tomorrow, this presentation will be ready. All I need to do is skim over it, make a couple of changes and why should I work any harder than that? So this could go either which way, and the only variable in either one of those is us, is the humans, is the people, it's not the AI, because the AI it's not going back, guys. We're not going back to a world that doesn't have AI in it, that doesn't have this innovation in it, that doesn't have this technology. It's just not gonna happen. What's gonna happen is we are going to come To a point where we're gonna be at a crossroad and we have to make a decision. Do we want to run with this? Do we want to see how many doors we can open using this, or do we want to be complacent? And that is really something that leads me to the next point that I think is extremely important and we need to talk about, and those are the dangers of AI.
Speaker 1:Right now, ai is all what I call in its a giggly phase. Right, we're in the honeymoon phase with AI. We're enjoying it. It's simple, it's easy. We have these simple, you know, seven, eight, ten apps that we use that assist us to do these cute things. But on the other hand remember, guys, ai has been around for a long time. Right, warfare, hacking, cybersecurity. There's just so much stuff that can be accomplished with AI and At some point you have to come to the conclusion that 50% of AI will be used for good and 50% of AI could be used for bad.
Speaker 1:It just depends on governments and what they want and where they're. Let's just say, interests align. So, yeah, I could be a scary thing. I mean, you have companies like Palantir, you have companies like crowdstrike today that are doing things with AI that we don't even know. We don't even understand. Like, I can't even have a conversation because I know what those projects are they're all military grade projects but I don't know what they do in them. I don't know what type of data they're pulling out. I don't know how much information they have on me, who's they. I don't even know that to be able to comprehend where AI is being used today In order to, you know, be used for good or bad, right. So those are dangers of AI.
Speaker 1:Now, another important danger of AI is our kids, our youth, the future. Look, I come from a time where I used to burn CDs. Right, a lot of you may not even know what that is, and that's not so long ago. Right, we would take a CD. We had Napster, we had this other software was called kaza, we had lime wire, we had all these things where we download music, and it would be bad quality and it would take us, like you know, half a day to download a song and then we would burn it on a CD. And that is the world that I came from. Right, then we would go out, listen to that music with our friends, because we didn't have phones, and we would hang out on our bikes and, you know, do what we do. As little kids, we were socially active and socially dependent creatures. We all had friends. We still have friends. I'm not saying we don't, but we all really depended on each other for energy, for vibes, for doing things you know, for getting in trouble, for getting good grades. It was all very, it was all done very much the way we did it Ancestrally, right? If you go back thousands of years or even before that, you know we play with each other as children and that is kind of the world that we live in.
Speaker 1:Now, already we are seeing that being taken away from us because of the phone, because of the iPhones. Right, every child today gets a phone as soon as they can operate them, whatever that is, and you know, I know some people they're they're like oh, we're only gonna give our kids a phone when they're 10 or 9 or 8 or 7 or 6, like they'll put a number, like my son will only get a form, my daughter will only get a phone when she's 10. Why 10? Why not 9? What? What is the difference between 10 and 9? It's just the number in the parents head. There is no different. They're still young, they're still children. Either way, right, oh, I'm gonna give my child three hours of screen time versus two hours and 45 minutes. Why is that? Well, it's because they made up that rule and in their mind, that is the right number. This person, this individual, this human is still a child and as a result of getting the phone Already, or the iPad or you know, whatever the tablet, whatever the screen, these children are already becoming socially awkward. Let me tell you what.
Speaker 1:The other day I walked into a store. It was a Boba tea store. My daughter loves Boba and we walk in me and her and she wants to buy Boba tea, and so she's telling me the order. But I'm at the cashier and the and the lady it's actually not even lady was a little girl. It was like a you know little young girl who's working, high school or something, middle school or I don't know and my daughter tells me the order to then repeat it to this individual who's sitting, who's standing there looking at both of us, and I'm like well, you're here, I'm here, the person is here. Why don't you give this person your order directly? Because I won't know what to say. I don't know how you like your Boba tea. It's very complicated.
Speaker 1:The process of ordering Boba is not simple, right? There's a percentage of sugar, there's a percentage of all these like little things that you add in it and whatnot, and the flavors, and the flavors are complex. And so she's like no, I don't want to. I'm like what do you mean? You don't want to? The person is right here, you were right here, I just need to pay, and this is a very small example of things that just don't happen today. Right, because of the world of us being behind these screens, because of the world of us being either Content consumers or content creators, the world is becoming more socially awkward, and that's just the reality of things, right, and as per time Progresses, it's gonna continue to get more socially awkward. Right, parents don't send their kids anymore to the grocery store, the gas station or you know here and there to go get them stuff.
Speaker 1:When I was a kid, I was constantly being used and abused to go get this and go get that and do this and pay this and make sure that the change is right when you come back. If the change is not correct, guess what? They sent me back. You went to the store. You got something. You're short now. I was in Dubai at the time, relatively safe city, so I didn't really have too much like dangerous stuff to worry about. But guess what, when I missed out on change once, I Would remember that the next time I would go back right, and so my point is we don't do that with our kids anymore. There's a safety concern, there's a security concern if we send them somewhere. We're constantly on the phone with them. We want to be on FaceTime with them till they get there.
Speaker 1:This is the world that we live in with our kids as the world of AI, and this is the point I'm trying to make, as the world of AI comes closer and closer, and the next two years, three years, are gonna be a huge factor in all Of this because, like I said, guys, the computing power, the processing power, is enough that, believe it or not, it could heat up the planet. That's how much processing power, how much energy the world of AI will take right. As this happens, our kids are gonna be impacted socially. I Don't think it is out of the question to think that your child's best friend in the near future is an AI bought. In fact, talking about that. That is happening today as we speak, with snapchat. Snapchat, I was just told, has an AI character that you can be friend, to become your best friend. When you want to want to deal with people, this person will cheer you on or this bot will cheer you on. Do whatever you want. It's a bot Deep artificial intelligence. So I know we're talking about AI. Deep fake Artificial intelligence is a real thing. I'm seeing that all over tiktok. I'm seeing that all over Instagram, where it looks like it's me who's talking. It sounds 80% like me, not a hundred, but 80% like me, and that's gonna improve. Guys, this is the very beginning. This is the infancy of AI.
Speaker 1:Ai in ten years is not gonna be like AI today. It's just not. It's gonna be a completely different behemoth. It's gonna run Empires and businesses and legacies and families and trust. There's so much stuff that's gonna happen in the world of AI and how much AI will be able to do that. Really, the abilities are limitless. We just need to be able to unlock them bit by bit by bit, which is what we're gonna do. Right, advancements are happening. Every second, every second, there's a new advancement in the world of AI. So definitely Not unbelievable to me today that my kids, maybe my kids Kids, or maybe even my kids, I don't know best friend could be AI people. It's like, hey, what are you doing today? Oh, I'm hanging out with AI X. Oh, what are you doing today? Well, you know, I'm playing a game with this AI. It's my friend and as that happens, the world of people becomes less and less social and people will just end up becoming more and more awkward and, as a result of that, there's gonna be many things that happen to humans and, once again, the variable here are humans. It is not the technology. The technology is gonna continue to advance. It's gonna continue to move forward. Things are gonna continue to happen.
Speaker 1:Right, let's talk about the, the what's it called the sag aftra thing that's going on with the celebrity strike. Right, that's going on in Hollywood, where they want to map everyone's body and they want to be able to use them in movies. I think that's fascinating technology and I think, look, the strikes that are happening today are valid. I don't want AI to be the reason for people losing their jobs or not getting paid for their time or whatever it is, but it only takes a few people. Ten people sign up to this thing and say, yeah, I'm okay, man, snap my body, I'm, you know, and nobody act. Or right now, I don't know if I'll ever make it. Sign me up.
Speaker 1:I, if someone today came and told me Hamza, I want a Model of you, I'm gonna map you and I'm gonna use you in movies, and you continue on building your empire in the world of real estate, in the World of Flex. You continue on being the king of flex. We just want your 3d print Because we want to put you in a movie. Okay, what's the role? Okay, I'm gonna be an actor. Okay, what do I do exactly? I'm a supporting actor, all right. Am I for good? Am I for bad? Well, you're for good. Okay, what else? As long as that role meets the my criteria, my values, and they keep everything that I believe in intact, I Don't have a problem. You know how many people like me they're on the world who don't have a problem? Hundreds of thousands, maybe millions of people who could now become actors Based on either their physique, skin, you know, whatever it is.
Speaker 1:I'm not gonna get into the details, but whatever reasoning it is, you have successful people who are millionaires and billionaires, who would love to be in a movie today, know nothing about acting. Why should they be restricted? Those people will sign up. Richard Branson Maybe he wants to be an actor. Elon Musk Maybe he wants to be an actor? Right, jeff Bezos could be an actor. Why not have Jeff Bezos in a movie walking around, you know, doing this thing on his yacht? Pretty cool. They don't know how to act. Why should that limit them from going in now.
Speaker 1:I mentioned earlier, of course, I'm not trying to take away jobs from people who already have them, who are professional actors. I'm not attacking Brad Pitt, I'm not attacking Angelina Jolie, right? All I'm saying is that it is only a matter of time that it will happen. It is happening, we can fight it. We can fight it all we want. We can delay the process, we can delay the advancement a little bit, but it is gonna happen because there's gonna be millions of people who want to sign up and become actors, right, and they don't mind their scans being used. Now, as you know, as things progress and they're gonna progress quickly, right. So now, I mean, this is in the news. Of course there's.
Speaker 1:I, I personally believe that there's other agendas that are being pushed, and so we get to see all of these things front and center in the news, and there's other things that are hidden from us, right, as a as a confirmation to this happening. So, as me confirming to you guys, as my audience, that this is happening, netflix just had a job opening For an AI based position for nine hundred thousand dollars. Right, it's all over the news Everybody's talking about. I'm not gonna go into detail as to what the job Description is, but I am gonna tell you that Netflix openly posted a job for an AI production person who is basically going to assist them in Implementing AI in their shows. Right, and so you have Dubai bling. You have love is blind. You have all of these other shows.
Speaker 1:They could be totally run by AI with scans, right. There's some things, maybe, where you need human interaction and there's Some level to where Netflix is not paying these people too much money. Anyways, that part they can keep. But if there's a heavy production With heavy budgeting, that could all be outsourced to AI and it will be outsourced to AI. It's only a matter of time.
Speaker 1:Remember, we live in a we live in a capitalist country and For a lot of people here in the US, you don't know anything outside the US. So you live in a capital world as far as capitalist world as far as you're concerned, right, and so the advancements in AI are coming and, once again, my belief, and my strong belief, is that nobody's safe. Everybody's job description is gonna change from creator to manager, and we're gonna have to come to terms with that now. This could be super efficient because now you can manage more things because you're not creating. Or you could become complacent because you're literally not creating and that part of your brain is not stimulated, right? I recently found out Talking about that part of your brain is not, you know, creating is that people who Get dementia and struggle with dementia is literally that it is because they are Repeating the same thing over and over and over again, every single day, from the minute they wake up to the minute they sleep, that there are certain parts of their brain that just shut down, and once they shut down, there is no reactivating them, because it takes a lot for you to shut down a certain part of your brain. Now, for those of you guys listening to me and listening to everything I'm saying, don't think that your job is in danger tomorrow, because chances are, your CEOs, your CFOs, your seniors, if not assisted by AI, are probably gonna lag once you guys start using AI. So the cool thing is start using AI. I'll perform and try to take over their jobs, if you can. Just kidding, but yeah.
Speaker 1:So now let's go and talk a little bit about the history of innovation. Now we talked about AI and how AI is coming in. You know it's going to change the world and all of that. But let's talk about the history of innovation for a second. You have all of these companies that were bought out, right? Instagram was bought out by Facebook. People thought it was stupid One billion dollars. Today, annual revenue for Instagram is significantly more than that when Facebook bought. I remember when Facebook bought WhatsApp the dumbest thing in the world. Well, guess what? Most people who have relatives outside of the country, outside of the United States guess what they use? They use WhatsApp. It's the number one messaging tool that is being used across the world, except for China, of course.
Speaker 1:Innovation is key. It's important, it happens, it has to happen. We have to keep moving forward. Right Me in the world of real estate. Remember how I said it is the most steady-eddy sailboat type product that you can be in. We don't move that fast. The world of real estate has not changed. Well, guess what it has? Because of people like me, because of innovations that we brought and I'm not the only one, I'm just giving you me as an example, because I've actually brought innovation into the world of real estate.
Speaker 1:Flexpaces are a completely new dynamic. They're changing the way businesses progress. They're changing efficiencies of business. It's exactly what businesses need you have offices, warehouses, in the same place. If someone wants to check inventory, they can do it. If someone wants to address a certain issue on the phone, they can say yes, sir, let me go check in the back right now and get back to you. There's no factories, there's no facility. They literally walk outside their office, check what's going on in the warehouse, come back, make sure everything is running smooth. The whole production line is in front of them. If they want to make things more efficient, they can, and so, as the world innovates, as the world becomes more creative, implements in the world of business, in your personal life, right, things just happen faster or things just happen slower. It just depends on you as a person. Once again, you've got to learn, you've got to understand that innovating something, being an innovator, doesn't mean that you're going to succeed. In fact, if anything, the likelihood of failure is significantly higher than that of success.
Speaker 1:I remember when I was first in this country, when I first came here and I decided that I was going to build FlexBase. I remember specifically I used to look at these old FlexBases that were being built in the 60s 70s, because that's when it kind of stopped and they were so janky, they were so old, the product was so tired. Yet the one thing I noticed is they were always occupied, right. And so I decided you know what? I'm going to build a brand new variant of this old, tired industrial product, because I know what the uses are. I used to operate out of FlexBase. I had a performance shop in Dubai. We modified cars. It was a beautiful business and we operated outside of the FlexBase. Now, as a result of that, I was like okay, let me modify this, let me innovate, let me make it nicer, let me make it newer. But guess what?
Speaker 1:The minute I went out looking for investors, the minute I went out looking for you know what is going on the minute all of that happened, nobody was by my side, and the reason was it was just too new. I would tell people hey, you guys want to invest in this with me? No, we're good, we're going to buy a house. You want to invest in this with me? No, we'd rather buy a retail shopping center. You want to invest in this product with me? You know, the returns are going to be significantly higher. The risks are obviously higher as well. Right, because I didn't know what I was doing at the time and the product really was not defined as it is today. So everybody else was like, nah, we're okay, right.
Speaker 1:And it wasn't until really the third or fourth time I built one of these flexbases is when I started to really see the results that I wanted. And that's when people kind of caught on and they're like, oh, you know what it looks like he's doing pretty good. It looks like, you know, this guy is innovating. We weren't there let's just call it the seed round in the beginning of his journey, right In the seed round, and we weren't there to support him in the very beginning. But it seems like he's doing well. He's driving better cars, he's wearing better clothes, the watches are getting more expensive. Now we want to be a part of this. And guess what? That's exactly what happens every single time.
Speaker 1:This is I'm telling you my story, but this is the case in everybody's story. Everybody's story is the same. So you know, the results are a product of two things how many people before you have failed and what is your timing like? Right, you have many things that failed before things finally succeed, and I'm sure in the world of AI it's going to be the same thing. There are things that are succeeding today that you look at and you think are a success, but will end up failing because the thing that will replace them will be so far ahead. We'll be able to do so many things in advance.
Speaker 1:Let's talk about Twitter. Let's talk about Elon Musk Right? Elon Musk just announced X. Nobody knows what X is Nobody. Everybody thinks X is a replacement to Twitter. We cannot comprehend what X is going to do. We don't know. We don't understand. Like if I tried to explain to you in words today what X does, I don't know. I know it's going to be the everything app. What does that even mean? The everything app? There's only so many things I can think about that an app can do, and my assumption would be that is what X is. But until he implements what he has in his mind, until he implements what he's innovating in the world of apps, nobody really knows what X is.
Speaker 1:For now it's just a replacement for Twitter. It's a rebrand, is what everybody's calling it, but that's not really it. There is a much larger vision to something like that, and this is what happens when you innovate. People are not able to comprehend, so they just choose not to be a part of it. One day, when we understand, we'll jump in. But guess what? It'll be too late, and that is common human trajectory. That's why innovators are just so far ahead of the game that they don't even worry about these type of things Because, yeah, it'll happen.
Speaker 1:Like when I started building FlexSpace 10 years ago, you think I worried about people not investing with me. You think I worried about people questioning why are you doing this when you could be doing that? No, I was so far ahead of the game. I'm like they'll catch up someday. Some day they'll understand. Maybe it's not even guaranteed, maybe someday they'll understand. When I talked to my spouse about it, when I told her what amazing opportunities this was, when I told her what I was doing, I don't think she understood. I don't think she even cared. Whatever, we'll see.
Speaker 1:Now that everybody, the traction is there, people are understanding. This is kind of where people want to jump on, but by then it's too late, and this is how the world of innovation is. This is how the world of AI is going to be. There's going to be a few early adopters. Early adopters, by the way, are just there for the ride. They're not there to assist in any other way than that. They just adopt early. That's it, my business. I would say we've adopted 20% AI today. 20% in the form of content, meaning words, in the form of maybe images, in the form of graphics, in the form of marketing Right? 20%.
Speaker 1:How long do you think it's going to take me, as an innovator, to implement real AI technologies into my business to where we are super efficient and the business can report to me, give me everything I need every single day and do enough work, to where everybody's just monitoring making sure everything's working just fine and the tonality is correct of the brand and all that is being done by AI. How long do you think that'll take? It could be two years. In two years, I could potentially have a business that doesn't require entry level or middle management people, just top tier execs. Why? Because even entry level people will become top tier execs because they're just managing.
Speaker 1:So the world is going to change. The world is changing and, as a result, we are going to have to adapt. We are the only variable that needs to adapt, and we need to adapt for the better. That's something that we need to talk about, and that's something that we need to talk about Adapting to the future. Are you guys ready? Okay, it's extremely important. If you guys are listening to this podcast and if you guys are engaged, first of all, go hit the likes, go hit the shares. Share this with a friend, share this with a family member, share this with somebody who's a dinosaur. I promise you they will thank you, because I am saying the words that you can't on your behalf and I'm being extremely blunt about it.
Speaker 1:If you are not ready to adapt, if you are not ready to implement AI, if you refuse to become more efficient People, machines, things, ecosystems, nervousness all this, whatever the AI ecosystem looks like, is coming for you sooner than you think. You, as a top tier executive, as a middle level management person, need to learn how to use the power, the wrath of all of this, so you can compute. Look, you have a hundred problems already that you're trying to solve. In addition to that, the problem that you could be solving for is that your team will become too efficient. If your team becomes too efficient, and then you are the bottleneck. Respect for the business, two things need to happen. If you are a CEO, you will get replaced by the board, so they will fire you. You will get replaced by a human who is able to adapt, potentially a much younger person, because they will be much more responsive and adaptive to AI. That's one thing. If you are a self-made business meaning you are the business like myself and I refuse to adapt, and my team is becoming more and more efficient day by day and I am seeing these efficiencies and I still refuse to keep up with it I will have to step down and find someone to replace me Once again. Chances are that person will be much more AI-friendly than I am, and this is the future. Look, this is the reality. Cut out the noise that is telling you you are not going to be replaced, we're not coming for the jobs. These are all political agendas. All of this is a political agenda so that either the Democrats come in power or the Republicans come in power. It is just messaging. It is there to distract you.
Speaker 1:I went to Disney the other day with my wife and kids in Florida. We entered a store, amazing store. It was like an anime Japanese store in Disney I forgot what it's called. Anyways, enter the store. My kids buy t-shirts, they buy some accessories, they have some surfing shorts. They bought some surfing shorts there and they bought boogie boards. All we had to do was walk to the counter and I was surprised by the way. This was fascinating. This is not something that we have here in Houston, or personally I have not seen, because I haven't gone shopping in a while. We went to the counter.
Speaker 1:No humans, there is a bin, there is a big bin. It is like a big basket. It is actually like a kitchen sink, like a commercial kitchen sink. All you do is you throw, literally you pick up the items, you throw them in this bin and it scans everything and it knows exactly what is in it. You don't have to put them in any specific order, you don't have to organize them, just literally take it, throw it the tags don't need to be exposed Throw it in the bin. It knows exactly what is in there and what everything is priced at. If there are any coupon codes, it will implement that for you directly, give you your discounts and you are good to check out. This is exactly what a human did one year ago. One year ago. In that store they have eight bins. People are moving as fast as they want, so you have one person who is like oh yeah, I'm done. In and out, one person who may be a little slower. Once again, the variable is us, the humans, it is not the technology. The technology is so swift, so fast, it moves at your pace. It is basically waiting for you to catch up With that.
Speaker 1:Implementation of AI, implementation of these types of technologies, is happening around us and it is already replacing people. The narrative that you are not replaceable by AI is actually a false narrative. I think the correct thing should be is that, yes, there will be job loss in certain areas, but there will also be gain in other areas. I think that is where we need to look for opportunity as humans, because if there is job loss, for example, at a supermarket where a bagger is no longer needed because now you have this AI software plus hardware, bagging all your stuff, organizing everything in the right way, doing all of that that job needs to be created somewhere else. Where would that be created?
Speaker 1:Right now, people are saying, hey, I don't want to be a bagger, I want to be an Uber driver. Well, guess what? Elon is coming for that too? Automated taxis are going to be a thing of the future. They are saying more and more people are refusing to get their driver's licenses. Today, there are lots of kids who don't want a driver's license because they got used to Uber since they were 15, 16, 17. Their parents ordered them an Uber. Come on home, come on here, do this, do that, go to the airport, come back.
Speaker 1:Why would we want more problematic, more attached life to something? And you know the younger generations are not really attached to anything anymore. Average job time spent in a company is what now? Two years. Two years is what kids are spending in a company before they bounce to the next job. I think it is naive and foolish for employers to think that somebody who is just coming into the job force is going to spend more than two years with them. Why? Because they're going to get better opportunity and, as they do, they will take advantage of that.
Speaker 1:This is where AI now comes back into play. Right, we're talking about implementation as the younger kids, the younger generation, college graduates, high school graduates because not everybody goes to college anymore. It's not a thing. Right, as these people come into the workforce, they already come equipped with a high level of knowledge in the world of AI. I know for a fact and I told you guys this earlier in the podcast. I'm going to tell you this once again is that it took the younger generation one week to get fully integrated with AI in my office, whereas us, the older crowd, we are not fully integrated. We may be integrated up to a certain degree, but we are not fully integrated in AI. And, as this happens, this is the world of implementation that we live in, so it's extremely important that we also adjust with the times and we implement what is going on in the world of AI. We automate these businesses. We need to get them running, productivity needs to be at an all-time high, human resource needs to be at an all-time low, and that is the world that we're living in. Ai is going to easily be able to do at least 20 to 30% of companies' positions open positions.
Speaker 1:I was looking at an app I don't know what it's called. I forgot what it's called, but it's an app that basically answers phone calls on your behalf, and if you heard the way this thing talks, it literally sounds like a human. It is no longer, oh, you no longer have this bill or that bill. No, no, no. This thing sounds perfectly human, is able to communicate with you and solve complex issues using AI, right, using just a learning module from what you guys are inputting as data. Pretty cool stuff that is going on in the world of AI.
Speaker 1:Finally, okay, I'm going to get to my last point. I promise the world is not your enemy. Ai is not your enemy. You're going to have negative Nazis, man, they're everywhere. Right, ai got my job.
Speaker 1:Ai did this. The world is against me. Feel sorry for me, feel bad for me, feel this, feel that You're going to have people who victimize themselves all the time over anything. Right, they're going to come in and they're going to complain and they're going to talk about this. I'm going to be like, oh, ai came for me, it replaced me. Well, what did you do about it? Nothing. Then, what did you expect the result was going to be? I don't know. Well, out of respect for the business, because understand the whole world, here in America, we are capitalist society and if you are in the world of business, out of respect for our business, we are in business to make money and if we find a way to do that using AI and it is more efficient, more effective, more competent what do you think, out of respect for the business, people are going to do? They're going to do that right Now.
Speaker 1:Look at a smaller level or in a small company, you have attachments and that's fine. There's no problem with that. In a large company, they hire thousands of people. You think these people have emotional attachments to anything? When Meta fires someone, when Google fires someone, when Amazon lays off people, they lay off thousands of people and it's done over like an email, sometimes not even an email. First. They'll disconnect everything that they have and then someone will call them and tell them oh yeah, you were let go.
Speaker 1:Today, right, with the world of AI, as efficiencies are becoming more and more incredibly refined, a lot of people are going to end up losing their jobs, and that's just the reality. A lot of people are losing their jobs. Let me rephrase that, not are going to be losing their jobs. A lot of people are losing their jobs, and that's the reality. Now, this does not mean that AI is your enemy. This means that you have a whole world of skills and tools available to you that you can use as a resource. Come in, become AI compliant if business is required, and we're already starting to see this. Be ahead of the curve. You can do so much with AI. You could potentially explore things for yourself with AI. You could. It's totally doable.
Speaker 1:I know for a fact that there's a lot of people that work off of AI. In fact, we have a conference coming up November 16th and 17th A shameful plug-in here. Flexspace Connect 2023 is going to be a massive event, but anyways, we are actually bringing an AI specialist, flying her from Australia, from Sydney, to come and talk about AI at a real estate FlexSpace conference. Now, the reason we're doing that is because we are aware or I at least am aware that AI is going to play a huge role in the world of real estate. Nobody sees it, nobody knows how to comprehend it, nobody knows what to do with the information. We are flying this person in from Australia to talk about AI in real estate, and this person is somebody who is very, very familiar and is in the forefront of AI. So if there's anybody who knows anything about what, how, when, who, how, why, it'll be this person.
Speaker 1:I'm not going to say her name yet because you're going to have to come to the conference to talk about it, but these are the type of advancements that are being made in the world of AI and these are the types of innovations that we need to see, and these are things that are going to come, whether we like it or not. Don't let one strike fool you. Don't be naive. The world of AI is here, and if you don't produce at a certain level, if you don't become more efficient, it's going to come for you. All the other platforms that we're on. I look forward to hearing from all of you.