Will AI Make You Obsolete?

Let’s talk about Artificial Intelligence, what it is, how it works and where it might be taking us. We’ll try and see if as an investor you should worry about missing the boat on AI, and as an individual should you worry about losing your job to these new technologies?

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[thedude]

Patrick is beyond under rated. Setting the stage for new YouTube. Thank you for no flash, no bs, and helping us. Grace to you mate. Cheers.

[PhillipHilton]

AI in business is like teenage sex: everyone talks about it, nobody really knows how to do it, everyone thinks everyone else is doing it so everyone claims they are doing it.

[elknoto]

Since ChatGPT has started writing Patrick's scripts, the videos have become longer than they used to.

[justanotherdayinwherever]

I'm here for the sarcastic roasting

[catsupchutney]

There was a time when a job "nobody wanted", such as cleaning lady or mail room clerk, could serve a stepping stone to moving up the corporate ladder. The disappearance of such opportunities is the real tragedy of automation. One example would be Gail Evans who started as a cleaning lady at Kodak, and another would be David Geffen who started his career at the William Morris Agency mail room.

[catriona_drummond]

Well I have lived through such a shock as you mention. When the Iron curtain fell, over 80% of all employees in East Germany lost their job within 2 years. It was absolutely insane. And yes, most found a new one. But only most, not all. The outcome was still devastating. Almost a third of the population left the area. The younger third.

[armandbarbe]

Thanks Patrick. Wise words. My coworkers and I heavily automated our own jobs (engineering) decades ago. Nobody got fired, we just worked 4-5 times faster, created time for innovation, customer support, operational support, sales support, some integration, etc. All good things.

[bogrunberger]

This is by far the best rap-focused channel on Youtube!

[stevens]

In US tech industry investment, it's better to be wrong than be late. So every time a new buzz word comes in like cloud, VR, ride-share, block chain, AI etc, the hype money starts to stir and devil take the hindmost.

[mckenzie]

Don't think I've come across a channel that provides such quality content. You have a deep understanding and provide your insights in a concise way

[robakyy]

as somebody with PhD in CS (focusing on ML) and currently working in R&D for the industry, I must say this is an amazing overview - thanks Patrick!

[WildFungus]

The thing about Chat GPT or other generative AIs is it uses existing human created content to 'train itself' to make images, so if the industry were to move at large to AI written articles, pamphlets, government websites, eventually there'd be no human input left for it to reference to understand how to write and then it would go off on one of those AI spirals like the Terminator except it would be controlling all information we read and referencing other AIs only so the computers would begin teaching eachother, but arguably it would move past human writing at that point and perhaps become something else not marketable.

[merrymachiavelli]

One of the biggest underappreciated hurdles I suspect AI will face is in actually integrating into regular businesses. Using ChatGPT on its own is one thing, but to actually replace most knowledge work would require the AI to have access to, be able to comprehend and helpfully interpret novel company data, usually spread over a variety of mediums (e.g. emails, databases, pdfs...etc.) and not always well organised, not to mention understand subtext from meetings...etc. There is a lot of architectural engineering that would have to go into that in most companies looking to seriously adopt AI, not to mention companies will have to be _certain_ it's secure.

Until that actually happens, I suspect actual productivity gains in most jobs from AI will be marginal - documents will be quicker to read and write, spreadsheets will be autofilled, coding bugs will be identified...etc.

[omniphoriusvcf]

Economics, History & Philosophy with a healthy dash of sarcasm. What a great presentation.

[caml]

i've never been worried about ai actually supplanting humans at anything, but literacy and attention span are nosediving these days and i'm pretty worried about the effect chatgpt will have on people who aren't up to the task of noticing it's not a person.

[helengrives]

Creating more jobs we actually enjoy 😂 Burger flipping, sewage cleaning, new haircut, getting Botox. Lots of things we are happy to do instead of filling out forms.😅

[ApolloVIIIYouAreGoForTLI]

The best part of this video was when Patrick said the word "Investors" & an image of three guys in North Face vests drinking Starbucks flashed on the screen.

[joaopaulodecarvalhoaraujo]

Excellent content! As a software developer I can say that even though you're not a tech guy, this video puts realism into a topic that mainstream media loves to fantasize. I really enjoy your videos! Thank you!

[humberto]

Patrick you are by far one of the most intelligent and well sourced producers of YouTube content. I always walk away more knowledgeable on the topic being discussed. Your depth and research is impressive and your sarcasm greatly appreciated. Thank you!!

[TheThreatenedSwan]

The transition away from the traditional economy was profoundly alienating just as digital technological development has been as well. Due to our propensity to acquiesce to new circumstances, I don't think many people see just how big the effect has been. It's like bowling alone on steroids. Also the middle years of industrialization were just worse. Life expectancy and health outcomes went down, working hours went up, and of course there were all the same alienating social effects. With global trade, we also see a lot of countries are stuck with those conditions for longer than many Western countries went through them, though these countries are also quite poorly managed and have low human capital, etc.