 Listen now there's two types of people in this world They are pessimists and optimists and the pessimists are looking in the future as dark and gloomy and doomy and all hell is gonna break loose and Right now one of the hot topics is artificial intelligence AI and how AI is gonna completely destroy all industries of the world It's gonna completely eliminate the job that you have and you're gonna be out of a job And you're not gonna have any income and all hell is gonna break loose I just want to clarify one thing in this video if you look globally speaking right now We are living in the most abundant time possible poverty globally is down Lifespan is up globally a prosperity is up globally opportunity is up globally think about this We have more power in the palm of our hands and the King of England did a hundred years ago Think about that you have more power than the King of England a hundred years ago So we're talking about the future You you got to take everything with a grain of salt. You can't really predict it per se You know a lot of people saying AI is gonna take over everything However, my thought is I'm a firm believer in things going slowly like if you look at the evolution of the candle The candle took a hundred years go from a candle to a light bulb currently So AI is coming AIC here for example you have IBM's tensors open source technology which is fantastic Any of the different levels of AI I won't get into today, but there's different degrees of artificial intelligence certain deep learning algorithms For the most part when people talk about AI is not real true AI. It's more human programmed AI But that being said I really do believe that AI is actually gonna Levitate and increase The standard of living that we have in life and it's not gonna take over everything generally speaking It's gonna be quite specific. So for specific tasks if you look at certain computation algorithms in the medical space, so One fascinating thing I was reading the other day is radiologists. For example, they go to school for four years to read a printed piece of Paper diagrams and charts from all the machines. Well, I'm pretty sure a machine itself is much smarter at reading its own reading than a human being So they're talking about how AI can actually increase the medical field Standard of care by 10x or even 100x by actually reading the outputs much more Efficiently and much more accurately than any human being can because we make a lot of mistakes We have our own cognitive biases and maybe we're tired that day Who knows but the deep learning type of AI can definitely outperform a stare And you have all these different case examples where artificial intelligence come into play I think AI for the medical for me personally would be number one I think it has the most impact over there that you can I think AI as well for when it comes to agriculture So if you look at our farming right now, we don't have an issue with food globally We can grow food for the whole world 10x over the problem is logistics and the problem is a lot of that food goes to waste I'm pretty sure I read somewhere about this anywhere between 40% to 70% of all food produced globally actually goes to waste So we can implement certain artificial intelligence technologies into automations of robots and certain farms to actually see the crops yield When it's time to harvest and also determine the logistics of it So if we know, you know based on what's happening with the crop growing If we know that within about say two weeks from now the crops going to be ready to harvest Right away the AI then can call in The shipments they can come pick it up So everything is ready in place on the proper time and it's it's wonderful So I think going forward AI is definitely going to improve our lives It's gonna eliminate a lot of jobs people shouldn't have like I guarantee you we're gonna have AI Driverless trucks within the next 10 years right now in Europe I'm pretty sure as Volvo Volvo finish cross-continental European trip with full automated driving cars Now if you implement like a semi deep learning tensor IBM AI platform into there It's become smarter every single time it drives same thing with uber car drivers uber and pits I'm pretty sure it's the third year uber and Pittsburgh Launched a couple of uber cars for self-driving and it's literally a matter of time before everything gets switched over into an AI System for that and remember like I said is different variations of AI is in different levels of AI I'm just talking about human programmed AI and now you're gonna have basically no truck drivers No delivery drivers of whatsoever and now the question comes into play is like what do you do now? Like where do you go? You know in Moscow talking about this the other day I know the Canadian government was talking about this not too long ago And a lot of people are proposing that something called UBI universal basic income I you know, it's gonna be interesting to see where that goes I'm a firm believer in the story. Don't give a man fish teach a man how to fish. It's never about the money It's about the intellectual capital So you can give a person like a hundred thousand dollars But if they don't have the financial smarts to maintain a hundred thousand dollars, it's gonna disappear Just look at the statistics of the lottery winners. I think 70% go broke within the first five years That being said though I think there may be some validity in the future where a lot of jobs will disappear And I think our taxes all of our collective taxes could be put to better use into actual education as opposed to UBI I don't want to just give people money. I want to empower people so think about having a very forward-thinking progressive High-tech type of educational crash course for people where we can actually create amazing technologies and amazing platforms You really elevate our society Peter Teal said it the best, you know He's like we want to fly in cars all we got is Twitter, you know If you really think about our Technological evolutions in the last 50 years it wasn't it's not that crazy to tell you the truth You know just now we're seeing you know an electric industry coming to play But that's nothing new it's been around for the last hundred years But I think the timing is right and the proper leaders came to play such as Elon Musk and everybody else involved in that In that space, but seriously though imagine now, oh, you know our talk tax player Our taxpayers dollars going towards proper education That is bullshit education and actually empowering us to create our own future to summarize it AI is gonna be good for us It's gonna benefit us, but like anything. It's a tool. It has a double-edged sword and we have to be very careful and That's what Elon Musk actually created a fund or an organization to counter the AI progression just to keep the tabs on it and to figure out, you know, there has to be There has to be some kind of a contingency plans of all shit It's the fan for example, like if you look at Steinem from the Terminator But like I said, I really do believe it has a lot of potential and benefits to really help him in kind And I wouldn't restress about the future. Like I said, it is the future is so amazing. It's so bright You have the whole world in front of you right here in the palm of your hands and opportunities everywhere Everywhere, you know, I couldn't be doing my businesses literally 10 years ago And that's all because of technology and progression that we have it now with blockchain and cryptocurrency and everything like that Person with a cell phone can have a Swiss bank account in their phone Not having a Swiss bank account in Switzerland But literally having an encrypted bank account on their phone and they can transfer any form of cryptocurrency around the world So there you have it. The future is bright. AI is pretty good and don't stress out. Peace