AI Bubble About to Pop? Bank of England Issues Warning

Bank of England warns the AI bubble could burst. Hollywood actors threaten mass strikes. And California just made AI legally required to identify itself.

Jack Austin and Adam Garcia break down why the AI hype train might be heading off a cliff.

Plus: Nuns breaking out of retirement homes and a man dressed as a cat terrorising Liverpool.

**In this episode:**

✓ Why actors are threatening strikes over AI using their faces

✓ Bank of England's AI bubble warning explained

✓ California's new law requiring AI to identify itself

✓ The truth about companies adding "AI" to everything

✓ Why AI is running out of training data (it's training on itself)

✓ The $50k/month "AI phone assistant" that's just old tech

✓ Nuns on the run in Austria

✓ Liverpool's catman mystery

**Key revelations:**

Hollywood's real fear isn't about protecting jobs - it's about control

Most "AI companies" have nothing to do with AI

The fibre optic comparison to today's AI infrastructure

Why ChatGPT 5 is massively underwhelming

**Quote of the episode:**
"We're probably closer to ChatGPT 3.5 than we are to AGI"

**Timestamps:**
00:00 Actors threaten AI strikes
00:05 Hollywood's protectionism exposed
00:13 California's AI disclosure law
00:20 The dead internet theory
00:22 Bank of England bubble warning
00:28 Companies faking AI involvement
00:33 Infrastructure bubbles throughout history
00:39 Nuns escape retirement home
00:43 Liverpool catman sightings

**The truth about AI hype:**
Warren Buffett is holding more cash than ever. Gold, silver, crypto all at peaks. Something's about to give.

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#AI #ArtificialIntelligence #Tech #Hollywood #Actors #Strike #BankOfEngland #Bubble #ChatGPT #OpenAI #California #TechNews #Podcast #Liverpool #Austria

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Transcript

0:00

In today's news episode, we are gonna be going through the world of ai, what's changing in that bubble, and also talking about some nuns on the run. So this is an episode that you don't wanna miss here on temporarily scripted, and thank you for joining us once again. As always, I've got my co-host here with me, Adam, and Adam. It's always a pleasure, my friend. Good to see you here. Oh, always. Yeah. As always, I'm, I'm looking forward to this episode. Me too. It's wonderful to be back in the room and back in the seat. I am sporting my Vietnam shirt today. Um, because as I mentioned off air, I'm gonna be subject to playing football for the first time. probably since I was 15. So it is gonna be quite fun. And there's some comedy behind this shirt because. It says Swanson on the back of it. And Swanson is the naturalized Brazilian that plays for the Vietnamese national team. So yeah, is he really good by any chance? He's really good. He's like super tall and bold and massive and he just scores tons of goals whenever he plays. So, I probably won't be scoring any goals, but I am. Massive and bold. So they'll have to deal with two or three. Two outta three ain't bad as meatloaf says. Right. Okay. Should be fun. I would imagine if you haven't played football for a lot of years, like the day after, it might really hurt. I remember when I was about 10 years ago, something like that, I was working in this place and I had a five aside football team and they were short of people one day, Literally played till my legs were kind of gone. And then the next day everything was so painful, I had to go to the chemist to buy like ibuprofen and different things.'cause all those little muscles that you just never use. And this was at a time when I used to cycle to work every day But. Yeah, that was the worst, worst kind of muscle pain I think I've ever had. Oh, I'm looking forward to it. Well, at least like it's against other dads, just to give you some encouragement. Yeah. Hopefully the other dads, you know, are in a similar, state to me in terms of fitness and my fitness is not terrible, but I mean, you've got a name that sounds like you'd be a really good football player as well. To be fair. Like Adam Garcia, did you think this guy's gonna be good? Yeah. But it's just one of those weird, paradoxical things that are, it's just not the case. Not the case at all. You get there and you get picked first, and then they're, you're in goal by half time. I'm not even that I've been subbed off. Yeah. One thing that does give me a little bit of confidence is they were asking what position I played and I was like, I don't, I don't know, let's just say defense, which is what people who think they're not gonna be very good say. And the guy said, oh, we've already got like 11 defenders and only two attackers, but four people have said they want number seven on the back of their shirt. This is interesting. So that gives me hope that nobody's gonna be very good because they all choose defense. you remember at school, right? You're in the school and they're picking teams and everyone's like, I wanna be a striker. People wanna score the goals. We're here to talk about our first new story of the day, and our first new story of the day is about, actors. Getting upset again, because they do have a particularly hard life actors, you know, all of the mansions and like, you know, going to award ceremonies and all of this stuff. It is very, very difficult. It is, you know, it's not easy. They've found another thing to get upset about and it's AI related. We might be having a script strike style again because of actors, images being used in AI content, and I'm trying to show you guys a picture of this new story, but the Guardian is trying to make me pay to look at it, and I would never give the guardian my money. I would rather give it to the sun, to be honest with you. Sorry for those of you that are in Liverpool. So here we go. Here's the new story. What do we think about this, Adam? Well, let's just, read the top bit. The performing arts, union equity has threatened mass direct action over tech and entertainment company's use of its members' likenesses, images and voices in AI content without permission. I mean this is one of the reoccurring topics with, AI in general. problems with copyright. Which just seems to come up over and over again, whether it's through music now with actors and it's just using anything as training data really. And yeah, I guess it's not great in many ways. No, it is not great in many ways, and I think that the, maybe even scarier than that is that they're using Reddit for quite a lot of their training, which, I mean, trying to get an accountant that doesn't get banned on Reddit is pretty difficult in this day and age. They've almost become worse than the trolls at Wikipedia. But yeah, so they're gonna try and take legal action over this, which, I dunno. They might succeed with, I'm not sure. Do you have any opinions on their chances or. Yeah, I feel like they have very little chance. And I also think there's a level of protectionism here anyway, right? Because the people who have got enough money to bring this lawsuit in the first place are the actors and the studios that have already got a ton of cash, right? So your average B movie, is not gonna be involved in any of this at all. Was first announced, which is ai, which is open AI's video generation. And this was back in the days of SOA one, which is ACT was actually rubbish. But when it was announced, there was like a lot of Hollywood going to the government in the US and asking them to shut it down and to. Protect Hollywood against this aggressive, thing that was gonna make creation accessible to the masses. imagine if we could make a feature length film of me and you in a mission impossible style. Directed by Scorsese and me, and you can sit down and watch that on my 85 inch TV on a Saturday night. Happy days, right? Why not? It's pretty cool. I mean, and not just that, but even on like a broader sense, I think it could really kind of democratize the film industry. So I know there's lots of highly creative people out there with amazing ideas. But it costs money to take that idea and make it into a movie. Whereas with this, you could have people just making them for not a great deal of money. I could well imagine having something like YouTube but different, that's more movie orientated and seeing a lot more of that in the future. And also you wouldn't have this kind of, thing that you have in Hollywood where movies have to be just a certain way. Or have a certain moral or anything else, it's like you would have more freedom to it I think in some ways what the direction that we're heading with this technology could actually be really, really good. Really good for creativity and storytelling and all kinds of things in the future. Totally. Yeah. And I think that worry, you know, the concern, one of the things that came up in the article is about it being, once the creatives are replaced, but it's not, that makes out that like all creative people. End up in the film industry and famous enough that someone would wanna copy their voice, and, and that's just not the case because it's such a, like, exclusive thing. It's almost like Formula One, right? Like in Formula One, we've never seen the greatest Formula One driver. Because there's only like 20 drivers. And to be one of those 20 drivers, you needed to grow up in a family that was willing to spend like 10 grand a month on letting you drive a go-kart around the track. There's no like, Sudanese Formula One drivers, for example, because there's just not the infrastructure for it. And you have that bizarre thing in Hollywood as well, where you have so many, you'll have like a certain family and there'll be so many people out of that family that all become famous actors. Is it because the ability to act well is genetic? Well, it could be or it could be that someone in that family was already famous and they could go to, casting directors, directors that they know and get their kids or their relatives a gig and maybe acting isn't actually as difficult as they would like us to believe. Because I find it hard to think, well, all right, so your name's civil too. You must be a brilliant actor, or your name's Scars, scar or whatever else. It's like, who would've fought five members of the same family? Brilliant actors. I dunno why. all amazing. The Baldwins. But yeah, it's, and I mean, if you go back to, to looking at like, you know, Mr. Dench, he was my secondary school. Drama teacher. He is a pretty funny dude, like he could act and whatever else, but it was gonna be quite hard for him in a world before the internet. Living in Lincolnshire on the East coast and coming from a town of 8,000 people to make it into the Hollywood scene and big movies and stuff, you know, it was quite a challenge. Now, I know things have changed because of the internet, but I think exactly what you just said, how many people do you know that you watch on YouTube that present themselves? Excellently, in fact, sometimes better than a lot of the people you see on tv. And they learned that skill by doing it right, by practicing it and being on YouTube and getting better at it, even you and I as if people went back into the archives and looked at our very first episode of temporarily scripted, they wouldn't believe we were the same guys. You know, they absolutely wouldn't. with the level of quality and suave and conversation that we bring to these episodes today, it, they wouldn't believe that we hadn't been professionally trained. You don't, you don't even see this level of professionalism on mainstream tv. No, the B, B, C, and we don't even have a teleprompter or anything in front of us, do we, no, I don't, we do not have a teleprompter right in front of us whatsoever. there's a lot of shows on YouTube that I watch that are excellently presented a lot of those presenters seem to have much more personality and you can actually trust them more as being genuine than anything that I ever saw as a new show or a discussion show on mainstream tv. Yeah, that's it. The pills of philosophy I get from Andrew Tate are just, second to none. But going back to the story, I know there's been legal action or threats of legal action in the past from Hollywood, from writers and actors and things like that. And it is a big thing because. We have something that can just come along and replace not just actors, but all the people that work on these, movies as well, When you go, okay, I'll make a headshot for social media. So you can put your likeness into the ai. It'll make you a photo of wherever you're driving, a Ferrari or whatever it may be. But everything's perfect, perfect lighting, perfect camera, angles, camera lens, so if you're gonna do that with movies, you get rid of a need for the, film crew. For makeup artists, for sound guys, everything. True? Yeah. Does that mean no more casting couch maybe. Yeah. But yeah, I mean, the thing is as well, I think it's bad for like,'cause it's a huge industry that employs a lot of people, but it's all those, I mean, those actors were at the top for the, like, multi multimillionaires, I dunno about you. But if, if they went and stopped working, I don't think I'd miss them. No, I, I don't, I can't, I have to say, you know, if I, I, I wouldn't. Yeah, we wouldn't miss like the paparazzi and all of these other jobs that are sprouted off it. I see what you're saying and I agree with like, you know, the sound guys, the camera people, all of these sort of normal, almost blue collar right. Workers, like it is, it's, it would be very sad for those. But I also do not believe that these big film companies are setting these protests in motion and gonna start doing legal action because of the sound guys And the camera people, you know, I think it's more about the, the talent, so to speak, and the talent will, if they win, will probably still get rid of all the sound guys and they will just use the AI technology for their own images. Yeah. it's like Fiona of these, studios and production companies and things like that, and the owners of the talent. But of course they're gonna work like any other business. So if I have a call center and I employ a hundred staff, but I can get Claude to do it instead, then I'll get rid of those staff and have Claude do it. These people at the movie studio will do the same thing. If they go, well, we can just get this, AI to do all the sound. And actually we can get one to do all the editing as well. Alright, we'll get rid of the sound guys and the editing. Do it this way instead.'cause we'll run it just like any other business. Exactly. And that was a beautiful segue into AI taking over jobs and virtual assistance for you because now because of a new California law, new California law requires AI to tell you that it's ai. So if you are replacing jobs and roles in your system, like a call center. If you're in California, you now need to tell the, the user, the person speaking to you that you are AI generated, which is quite interesting. But also, I personally would rather talk to AI than some spotty 20-year-old in a call center.'cause AI is more likely to get it right. I used to be one and I was reasonable, but like, yeah, I would rather have an AI that doesn't go, oh yeah, no, you can't do that or doesn't know that you can do that. And you phone them and, you know, they just don't know what they're doing. So in some ways, you know, if they told me it's an ai, I'd be like, happy days, chap. Let's go answer my queries. If it was good. Yeah, I mean for that kind of thing you'd know that you're gonna get good answers.'cause it has well, all the knowledge, you know, it's, yeah. And it's going to hopefully answer you in the most efficient way possible. Yeah. But yeah, it's a bit of a strange one really. I think a lot of this story as well, it was. A little bit about it was sort of introducing like safeguards. So when, when people are like talking to, chat GBT or something like that on its own, that if they're talking about certain things, it would remind them that it's a chat bot and it's not, they're not actually talking to a human. Yeah. Sensible because it does always say to you, that's a great idea. It does. You're a genius. Nobody's ever said that to me before, honestly, because it's so unique. It, yeah, it's horrible in some ways. But I guess this is the start of it, of them trying to. Give AI kind of like a conscience or something like that or get a bit more on, on board with like the sort of ethical side of it. I'm not sure.'cause didn't you have something recently where you were trying to do something and then Claude was saying like, oh, no, no, no. I, I I can't do that. And it's like, but Claude, yeah. Yes you can. And it's, oh, that's not morally right. No, it is. Yeah. It's happened a few times. Like it, it's, one of them was like when I was trying to make a list of people's names from my messaging box. And it's like, I know I can't do that. It's like, why not? It's like, well, 'cause I can't make a list of people's names. It's not morally, morally in my area. I dunno if you saw last week where they run a simulation and basically there was an engineer who was gonna close Claude down in the afternoon. And then it let the chat bot know that this particular engineer was, was shut in one of the airtight rooms, airtight server rooms. And the, the AI had a choice of like sending a message to alert people that this guy was stuck in there and save him, or to just leave him because he was gonna switch off Claude and he left him. Geez, that's really, really bad. It's frightening isn't, it? Wasn't, wasn't there another similar one where it involved someone diving or something like that? Ages ago, but it was a similar thing where the Yeah, I just decide. I just, just let em die. Yeah. Yeah. No, the, I think the, the one that I saw previously was. Blackmailing this guy because he had access to his emails where he'd been, talking to. Yeah, so basically they fake these emails from the guys, from the Claude developer to another woman, and Claude is aware that the guy has been cheating and whatnot. So then threatens the developer with releasing the emails if he switches him off. Yeah. It's crazy, isn't it? I mean, but that thing of knowing that the guy's in this airtight room, and should I alert anyone? It's like, hmm, no. Nah, I'm just gonna let him die. it's really scary though, because that was like a simulation, I guess. Yeah. They didn't actually let this guy die. But what happens when we just give More authority, more control away to these AI systems. And we go, oh, it's safe. We know everything about them. the thing is the more you read stories about this, the more you sort of think, how much do we know about these things? How much can you trust what they do? I mean, it'll sort of, clot and it'll say to you, morally, I can't make a list of people's names. Okay, but morally you can trap someone in an airtight room if you think he's gonna get rid of you. Essentially. And the thing is, when we start introducing morals and ethics into the whole AI world, it's like whose morals are they? Sam Altman's, the guys who run Claw I Reddit of Wikipedia is mostly, I would suggest we already know that everything's programmed with certain biases, What then happens down for line when we use it for so much of our lives, is it then gonna try and persuade us to have the same morals as it or what? Do you know what I mean? It's like a really weird, weird thing. Yeah, it's got access to our brains all the time to be able to amend them. It is a very good point about AI and it's about how much control there is at the top level of ai. But the other thing we have to remember is it is trained by humans and humans are pretty messed up. So that is true. it develops its moral compass from its understanding of humanity? I don't think it will be able to create its own moral compass. Outside of what we tell it a moral compass is. And I guess that's where it gets a bit strange as well.'cause it's kind of running out of training data. So isn't it eventually just now that so much of the internet, so much of what's been put on it is AI generated that you're training AI on AI already? Yeah. Yeah. That's already the case and that's just gonna get worse and worse sometimes. I wonder as well, when you read news stories, about artificial intelligence, is it. Do the media agencies have a kind of bias because if you think of like, news outlets, you go, you read the story, you scroll down, oh, adverts, scroll down, never advert, or the whole thing might be behind a paywall with ai, and a lot of people are doing it now. They're just getting a lot of bad news through ai. And just bypassing the whole newspaper, the news app, everything else. And so in turn, that's a lot less revenue going into those organizations. And so they have less money to spend on things like, employing journalists to go and investigate different things. And I think that's something that we could actually. See happen where not necessarily these companies go burst, but less people are using them, they have less money and we're gonna have less journalists out there actually uncovering the truth about all kinds of things. Dead internet theory. Yeah. Basically. Yeah. Yeah, based on all of that, it's like, it's crazy. I think that it's probably already out of control in terms of that level of information and knowledge it has, but I just don't think it has the ability to control anything in the way that people say it does. And it's sort of, it leads into the next story, but I think we can mention the story and then just carry on with the whole discussion because. I think a lot of it is hype. I was in AI from the very beginning But the very beginning of, of this AI explosion and chat GPT-3 0.5 coming out. By the way, I saw a tweet the other day where, Altman Sam Altman. Announces chapter, BT 3.5. And someone's comment, one of the first comments underneath says, ah, this is the worst thing you've released so far. Which is hilarious, right? It's like that aged well. But yeah, I think a lot of it is just marketing. It's marketing hype and it's something that you've definitely heard me say before. The, I was ahead of the Guardian. I'm always before the Guardian. It wasn't from the Bank of England.'cause my Bank of England connections are not the most strong, but there's this growing risk that the AI bubble could burst, right? And the possibility of a sharp market correction has increased. And the global markets right now are basically. Reliant upon AI delivering on what everyone said it's gonna deliver on. Yeah, I'd be inclined to agree. I think it is amazing technology but will revolutionize the way we do a lot of things. But all these companies, they just won investment. And so they're gonna promise everything you know, 'cause that's part of it, they just want the venture capitalists come in and just say, yeah, alright, you've got this wacky idea for your AI toothbrush. Brilliant. Here's like so many millions of dollars to get you started and we'll take some profits later. And it's just gonna be that thing of like, perhaps say this is gonna be the best thing ever for people to be. Putting the money in. And so talking about like a GI and different things, some of these people might say, oh, a g i's coming sometime this year. It's like, well, it, it could be, it could be another like 15, 20 years before we're at that kind of level. You know? We just don't know. It could be never. That's another good point, which, you know, the difference between one or two years and never is quite substantial. there's a substantial difference. It's like, if somebody tells me I'm gonna get my return on investment in one year, it's like, yeah, it sounds good. It's, you know, if someone tells me it might be never. Or if someone says, oh, you know, about 15 quids that you let me. You're never getting it back. It's a bit different. It's a tough break. Do you know what I mean? It's a tough break. So yeah, I think it's in the interests of obviously, well, it's definitely in the interest to hype it up. I think we're probably closer to chat GBT 3.5 than we are to a GI for sure. And I think that it makes sense for marketers in the space, influencers, businesses, companies, to all hype A GI. But I don't see it. I mean, I remember at the start of this year, everyone was talking about when chat GBT five came out, it was basically gonna wash my underpants for me and, cook my dinner. But first stains were just too stubborn and it just couldn't get them out. So it took them on the stairs next to the sock, and then I forgot that it was me that put 'em there. But like, it's, you know, I, I, yeah, it's chat. GBT five is. It's amazing, don't get me wrong, but it's massively underwhelming. Oh, some of it's like I've been finding recently.'cause you know, sometimes you just wanna know something, but you don't want it to go into like your memory and stuff like that. So if it's just some like throwaway stuff, all you like that temporary chat thing and that consist. To be absolutely rubbish. It is.'cause it's got no memory. Yeah.'cause it's not basing it on what it knows you wanna hear. So it's like, say with my phone the other day, I was like, oh, I could check in what my balance is. So I asked it, what do I type or what do I put into my phone to check what the account balance is? And it gives me this thing No, there's another way to do it. It's way easier. I know I've done it before, And then comes back with it. But it's been the same when I've been asking for directions around places and different things. It just seems really clunky and just. Crap. Yeah. And it's, again, I think there's two things. It's one, humans, when something new comes out, we get overexcited and we, we get over hyped. But then I also think we are very quickly go into like, I don't care anymore. Do you know what I mean with it? The instant dopamine or whatever it is, wears off and then you're just like, it's normal now. It doesn't because I, it is revolutionary. Like I don't, I can't remember the last time I typed something into Google search, I have no idea when I, used chat GPT for all of my search. The vast majority of the time it's just, it's always chat GBT or perplexity or something like that. And how primitive it seems to go. Like, okay, how do I. Like if, you know, can you, even if I just share my screen to, to demonstrate to the, the audience, right, how primitive it is to just go to this search bar and put like things to do in Danang and then go, yeah. Okay. Let's have a look at this one. Then you have a little scan through and you're like, ah, no. Yeah, okay. I've got some ideas. And then you end up with like seven tabs open or something like that. It really does. Yeah. So I mean, it is definitely changed the world in that sense, but I also just don't think it's anywhere near the level of what people think it is. I mean, I think we've gone into, parallels that we had, before with the.com bubble where you just had this crazy thing where everyone's like, oh, the internet or the information superhigh is, it was called at the time, is gonna like change the world. Got a load of funding. A lot of these companies didn't even have websites. They just had.com at the end of like the name, and then eventually the bubble burst and it was something like 40, 40 something percent of the internet just went, yeah, like 40% of the, the companies on there. But the thing is it, it was a bubble, but. It came through it and it still did turn out to be amazing technology and for wave of. World was headache. It was just way overinflated at the time. could go in and waiting by the left lion in Nottingham for your mates to turn up and if they don't get there on time, then it's tough shit. But it's exactly the same thing, isn't it? There's all these companies with AI after their name at the moment. I'm sure like half of them don't have anything to do with ai or, I read some study about this actually, but I can't remember the stats. A lot of companies are saying, oh, we're heavily focused on ai. It's tiny little percentage of what they do. And they're not really NBA AI game whatsoever. A lot of the businesses making the most money from AI are just like things that already existed before ai, and they've just added an AI sprinkle on the top. Yeah. when people call your number, it creates a callback and puts it into a spreadsheet. Your customer calls, you miss the call, but they take the details, put it into a sheet, arranges it to get a call back. That's been around for like 15 years, but I know a guy who's just started, he's making like 50 grand a month putting them into businesses because it's like, oh, it's an ai. AI phone assistant or whatever, and it does have some AI in there. Now it does have some AI to help with little bits or rewording stuff, or how do you do this? Or sending this text out or whatever. But the basic technology is the same. there's no difference. It's just added a personalization layer. So it is the classic phrase where people, you know, you sell people the sizzle and then you give them the stake, and AI is the sizzle. Even with my business, I teach people how to network on LinkedIn. And how to create posts and build a personal brand on LinkedIn. None of those things are new, but it's an AI process. It makes it loads easier. Of course. Yeah. But the fundamentals of sitting there and having conversations and getting on calls with people and spending hours and weeks and days in building your network digitally. It is always been like that. Do you know what I mean? There's books on it for a long time, but I guess with AI you can just do it a little bit more at scale and you can do it easier than in the past. Yeah. Oh, and, and also it's, it is like, just because everybody has a voice doesn't mean that everybody knows how to do marketing. For example, like if you don't know how to market or how to brand, you can't go into chat GPT and go, Hey. Create a marketing plan for me. And you won't know it's rubbish because you, you're not a marketer. And it will sound really good because it, it's really good at telling you exactly what you want to hear. So you'll think it's amazing. Do you know what I mean? I think one interesting thing and a different article that I was reading is we've always had these kind of like bubbles. So we had it with the internet, but with the internet because of that first bubble, all the fiber optic cable and everything else was. and there was all this investment into that infrastructure, which later made it really handy when things like YouTube and I guess later Netflix and everything else, but the whole thing started growing again. We had that infrastructure. You had some things similar though as, was it 1800? Something like that? If it was like a canal. Kind of boom in the UK and everyone was building canals and pouring loads of money and loads of investment turned out to be a bubble and a lot of people lost for money. But afterwards you had all these canals there, which meant you could transport everything that you needed for the industrial revolution. And it was really cool with the AI thing, all the moneys being poured into like data centers and chips. Yeah, the chips are really cool, but is that sort of Nvidia Blackwell, blah, blah, blah in five years, does that have any value or is it just an outdated piece of equipment? Just like right now, I have a, an iPhone 11 and it seems really outdated compared to the latest iPhone. And so we are not leaving behind something from this first. It might not help so much in the future, like things like the canals and fiber optic cables did in the past. Yeah, no, that's a really, really good point because a lot of this stuff does get outdated. I guess servers might be slightly different is like building server farms and stuff. I think the technology for storage and servers is not really advancing very much, but certainly on the chips. Side of things, you know, it's making me hungry now. It's around lunchtime soon. Same soon. I could eat some chips and gravy right now. But said, not going to the gym. Just consider around and chips and gravy and eat chips and gravy. Hey, there's nothing unhealthy about chips. And, um, but yeah, it is, it is. And I guess we probably don't know. Because it's the same with everything else, right? You don't know until you kind of suck it. And the interesting thing about the fiber optic stuff is that basically the taxpayer paid for it all because it's part of the network. And then now the companies charge you if you wanna move to fiber optic instead of the copper cables, which you also pay for. Oh, nice. Um, in the UK at least. So yeah, it's quite interesting. So do you wanna upgrade your internet to fiber optic? Oh, well, it's this much extra, it's like, well, hold on, because it is that like the government owns the networks generally, it's like they own, the gas pipes and they own and maintain all of this stuff, and then they lease using those pipes. To the companies and then they buy the gas and put a premium on it from like the big national company, Transco or whatever. So it's, I think it's the same with telecoms. so we pay for it through our taxes basically, and then we get charged for it again through the private companies that the government have basically leased it too. And then that money goes to the government to pay the debt that's on the money they borrowed. It's quite, it's an interesting scam. Yeah, it's mantle. I heard something about that with energy in the UK as well when you're paying for electricity and how it all works. But then there's like X amount of subsidies that go over here 'cause it's a wind farm. But then this is an, like, all the many goes in this weird, like merry-go-round. Look at the eyes. Look at the eyes. Don't look around the eyes. Look at the eyes. Sad 'cause it's true. It's funny 'cause it's true. Anyway, so yeah, I think AI has got a lot of potential. I don't think it's gonna start wiping out people's jobs in any way. I believe that it is the same with everything where I used to work at Boots. Right? And the way they would operate over that 10 year period is they go through a period of like hiring loads of people, right? And they're hiring loads of people. They've got all these projects and all this stuff, and then they're like, oh no, we've got too many people. So then they start firing loads of people and making loads of people redundant, and then lowering the general salary across the board. And then, oh no, now we've, we're too lean. We've not got enough people. And then they start hiring loads of people and it's just like, yeah, and I think it's pretty much gonna be the same boring thing. Nothing really changes, you know. Yeah, and I guess it just depends what exactly happens.'cause you could have like some kind of AI bubble and then it takes like, well for example, with a.com thing, at the time the Nasdaq crashed and it took something like 15 years. Will the.com thing, will the AI thing be the same? Will we have a verbal and then it takes years and years before the investment comes back into it again? I don't know. Maybe the technology will still keep advancing and won't affect the stock market in quite the same way. Everyone was really heavily invested in the.com thing, whereas with the AI thing, not to the extent that'll crash NASDAQ completely or something like that. At the moment there's things like Warren Buffet holding more cash than he's ever held right now, which is a massive warning sign. I think that all of the markets are at ridiculous peaks that they've never been at before. Like gold, silver, crypto, like everything basically. But last week I think we had the biggest, liquidation in crypto that there's ever been.'cause there was a huge drop off and which it was really funny timing. So it's like, because they. They'd announced the ceasefire in the Middle East, and that should create like a huge, like, risk on environment. And that should make the stock market crypto everything jump really, really high. But it didn't because, exactly the same, at exactly the same time. Trump announced this tariff thing. With China, which just caused it to go the complete opposite direction. he released the tariff thing on purpose to, to do that. But either way, it did and it white, it is like record amount of liquidations.'Cause everyone just got the stop loss or whatever hit, or well just for entire leveraged accounts wiped out. It makes you wonder, doesn't it? Is it just that like the super rich. Want to, you know, they get everybody to invest in this thing and then we're all invested in it and we're like, we've paid for all the infrastructure and then collapse it so people can't hang on or they get rid of it.'cause they're like, crap needs to get rid. So I cut my losses and then they just like slowly hoover it up over the next 15 years and wait because they've got the money to wait. Do you know what I mean? So it is that, but then. But then does that make sense as well? You know, because effectively the stock market is, you're not actually buying into the companies, are you? You're just gambling on whether they go up or down, basically. Yeah. But I guess in America, most people are invested in it.'Cause isn't that like the 401k thing? you're buying into like the s and p 500 just because it's designed to go up and to the right constantly. And so the idea is that will outpace inflation and then you can retire and you have that amount of money that you can live off. Right. Yeah, that makes sense. it's inflating the value of all these stocks. When they're not necessarily that valuable. Everyone's just sort of putting money into s and p and so it's always going up, which is, I mean, I guess they can keep doing it. Yeah. But like, for how long and how long does it, work for? I think as well, at least in America, they're more talking about, four A one Ks when in the UK it's more like. P 40 fives and sign in box fours. Okay. So. We've got two more stories and we've been saving the main event for today. all this AI economy, mind control, where the creative future of the world goes is really, really important and interesting stuff, but it's no more interesting than these nuns. That have escaped their old people's home. So in Austria this week, and thank you Adam for bringing this story to my attention because I wouldn't have known about this if you didn't tell me, what's the story here? These three old nuns have plotted their escape from an old people's home. they got people to help them break out of the. Retirement home and back into the place, I guess the nunnery of a convent where they used to live. And so they got students to help them and a locksmith, and various things. and they're actually on the run from the police. they are, kind of nuns on the run in some ways, but eventually it seems like everything kind of settled down.'Cause we weren't happy in the care home. So they did the breakout, the escape, and then the break into the convent. And apparently now they're living on Ferone bar. And they couldn't be more overjoyed. The police didn't share their sentiment. Instead, they insist of the nuns. Returning to the con convent is incomprehensible since rooms at the convent. Apparently Venza still there and they've had water and electric, partially restored and local people are bringing them groceries and things like that. We dunno if they'll have to go back to the retirement home or not, but it seems like for now. They've evaded capture and, having a nice time and we'll follow it closely and give you guys updates as well because obviously, you know, that is big. I'll the updates. That is big news. And I mean, to be fair. Like nuns, they're probably quite happy with not a lot of stuff, you know, I think it's sort of, does it not sort of come with the territory? I mean, they're not monks. They don't need like the latest iPhone and you know, romps with like the. Famous, like rich women and stuff like, that's more of a monk thing isn't it? Than a, than a nun thing. Nuns are pretty chilled, as far as I can remember. Well, I think both, are meant to have a thing of, poverty, chastity, and obedience, but I guess, do it better for others. But yeah, traditionally, they'd be used to not having a great deal and probably quite happy. Yeah, this is it. So, you know, they've got each other's company and they're not in the care home. It makes you question what was going on in the care home that was making them so unhappy though, doesn't it? Well, yeah, that Ben Stiller comes to mind, Have you ever seen the movie Happy Gilmore Sandler? Yeah, he's what a genius. Yeah, yeah. So yeah, it's a long time since I've watched that. So Ben Stiller is like the old people's home guy and he is like really nice when other people are there. He's like, right, you're mine now. You're on my territory. He's like, just right. Yeah, I remember now. He's probably horrible to the old people. There is actually a happy Gilmore too as well. Which Eminem is in it, funnily enough. So, right. Yeah, it's a star studded cast. But we'll save Adam Sandler for another episode. I don't know if you've heard any of the stories about Adam Sandler, There was someone in his, acting college that said he would never make it 'cause he wasn't, good looking And one of his lecturers told him this in a bar when they were out one night while he was a student. And then many years later, after all of his films and success he met this guy in a bar while he was with all of his friends. So he invited the professor over. And said, oh, this was my favorite professor from acting college, because he is the only one who ever went for a drink with me. And he didn't mention anything that they, you know, like most people would be like, ah, okay. Yeah, yeah. Hi mate. How are you doing? Yeah, no, you said I wasn't gonna make it. How did that work out for you? But he was apparently like really cool and he's one of those that's a bit like, you know, we mentioned at the beginning. who's Neo Keanu Reeves is another one who's supposed to be super cool as well. He is like dead friendly. Yeah. It's really chill. Just really nice guy. Anyway, so today's final story involves Liverpool and gimp suits. Can anybody guess in the audience what today's story might be about? So, Adam, you can introduce this one.'cause I know this one is something that was very close to your heart. Yeah. Well, I just saw it and thought it was kind of funny, residents who lived near Walley Beach in Whi Merseyside in northwest England had what can only be described as a confusing encounter earlier this year. A Facebook video emerged of car passengers screaming at a person dressed in a black cat costume who approached their vehicle. I guess it could be mistaken for, a gimp suit. But yeah, he's been wandering around apparently sometimes making cat noises and, scaring people. And apparently some people bumped into him and when they shone a flashlight at him, he waved his arms at them before crawling slowly up a hill. Uh, so I think he actually thinks that he's a cat. Or is it just, is it just something that he's seeing as a prank or, I don't know. Uh, well, but he's also apparently growled at a woman and her dog. Well, clearly we are not allowed to speculate whether or not he is a man or a woman, or in fact a cat. So I'm definitely not touching that one. If he identifies as a cat, then of course, you know, he has every right to identify as a cat, but then I would hope that someone catches him at the local shelter, just because we don't want any more stray cats in the world. maybe some rabies vaccinations as well, or couple of rabies vaccinations and neutering. And he should be good. I mean, is there not a chance that this man has escaped from someone's. Bedroom window when their husband has arrived home early from work or something. It could be like some kind of carryon movie or something like that. It could be, I, I really don't, I don't have much more information to go on. I just thought it was funny that it was a, someone dressed as a cat kind of. Scaring people around Merseyside. Yeah, I, I mean, stranger things will have happened on the WHI I'm sure. The whi it's home to some of the, the country's best golf courses and the vast majority of the, you know, the footballers from Liverpool, FC and Everton live on the will. And, and you know, you're talking million pound plus to, you know, 50 million pound houses in that general area. So it's, it's not, not a, not a, a cheap place to live. So, yeah, it's an, an interesting story. I wonder if it will become a feature, particularly with Halloween coming up towards the end of this month, we might see more of the catman of, the whi on our screens. And I, for one, you know, I hope we do. Same. I think the world would be a better place if we see more of a catman from the, we're all on our screens. I couldn't agree more, Adam. I couldn't agree more. Well, listen, that has been, an excellent run through the news and the tech of the week that has happened. and we've really enjoyed sharing it with you. Tell your grand, tell your local Catman to, to watch and follow us. And you know, if you do know the Catman, we are open to doing some interviews. So give him our, give him our link and, and tell him to reach out to us in the comments as well. Adam, thank you very much. It's been a pleasure as always. I will look forward to, meeting again next week and talking through the important news topics of the day so our budding audience can stay up to date and abreast with our opinions. And hopefully we'll hear a lot more from the catman of Mosey side. Absolutely. I'm looking forward to it. Thank you very much. Goodbye.