Transcription
First and foremost, um, as the title of this stream really says, and what we've been doing recently as I go on these monologues is is really try to sum up and really present everything we're even going to get into, not just on a, oh, this is the newest gossip or beef for the day, but as a overall all look into what's going on in the industry and the culture that we love. Also, what's going into your regular lives and sometimes everything converges. That's really the main thing of what we're doing, right?
Um, obviously we we're always into the [ __ ] but I want to give you guys a little bit of nourishment because if I only give you the [ __ ] right, which you know I I'm pretty good at giving you the [ __ ] you know, I don't think I'd be living up to my name academics if we weren't a little bit balanced, right? Um, we could have the chicken fingers, but at least have a little bit of celery on the side.
So, anyway, you know, I kind of wanted to start with, you know, as everybody has been seeing, and do we have any people who in invest in crypto in here? I would like to see if if you invest in crypto, it doesn't matter if it's a meme coin or even, you know, a stable coin. Just one in the chat. Just one in the chat, right? And I could imagine you guys at this moment are probably going through it. Bitcoin, if you guys don't know, the price of Bitcoin is currently 69,000. It fell from a peak of 126,000 and the price of Ethereum. Those are the two most popular stable coins at a point like within the last about seven or eight months, it was up to damn near 4,000 and now it's halfed. It's at 2,000. people have kind of became really skeptical and really worried about what they're now saying is a crypto crash with some even expecting that maybe that the cryptocurrency price of Ethereum but not only that but more importantly Bitcoin might go down to sub 50,000 level. Okay.
Now the reason why I'm even starting here this is not a financial lesson and this is not a okay this is not like a money course right but you know everything always matters in the world and and as we get on to talk about topics that might involve businesses it's important that you guys understand everything from top down we've been also continuing with I feel like it's education a bit where I'm giving you guys a little bit of what's going on in the world and how it affects us but even how it affects culture and otherwise right so this is why I'm starting here.
Now, as the title suggests, you know, nothing I say nothing is real, but the the idea of money and currency and wealth thought about in some realms is that none of this shit's real. Now, I'm I'm gonna help explain it to y'all. like what why is Bitcoin worth whatever it's worth? Why is you know Ethereum worth whatever it's worth? Now, in a general stock market, it's a little bit easier to understand, right? Like, you know, if you're investing in, I don't know, say Spotify, and Spotify tells you like, as every public company does via NASDAQ, the the the Wall Street, you know, market, um, they're going to say, "Hey, listen, we made this amount of money. Um, we're anticipating to make this money next year." They're going to show you growth. They're going to show you profit. They're going to show you losses. And you could kind of even look at it to be like, "This is a profitable company." And if they want money to scale up, I believe in them scaling up. And when they scale up successfully and they get profit, usually for most companies, they do what's called a dividend. Right? I'm not here to give a math course or economics course, but I am here to just explain very simple things. And that's why I'm not going to play 15 videos on things to teach you everything. I'm hoping you just kind of get it. That's why it's a monologue.
So, the price of Bitcoin is kind of an arbitrary number that's kind of like picked by mostly, you know, as the old saying goes, kind of supply and demand in a sense. But the demand is really what matters. Why why does the demand um go up or go down? Like you know, [ __ ] if everyone wants to buy Bitcoin, there's a certain finite amount of Bitcoin. If the demand is a lot, the price usually reflects that because usually people are buying what people are offloading and you could offload for a different um a higher price. But if you kind of boil it down, it's basically what we say value is, right? like a piece a piece of paper money. I don't have any on me. Why is that worth $100? It it's basically like like this tacid agreement between me and you saying that this piece of paper that's made by the US government is going to be worth $100.
Now, the reason why I'm saying nothing is real is because we constantly see fluctuation of what's worth something and then instantly or or it goes down to zero or we just see like it's not worth anything else, right? Why does a car Why is a car worth I don't know 100,000 when it's on the lot. You drive it off. You spend two weeks with it. If you try to sell the same thing back now it's 70,000. All these things become almost like this idea of all about perception. And once things are based on per perception, there's a there is a thinking not common because you know this is still real money like right or real perceived money. But if you have that thinking that nothing is real, you kind of start to realize. And by the way, I'm not going cuckoo for some people who might be like, "Yo, what is Zach talking about?" Just just follow my my train of thought. You might be like, "All right, if if if nothing is kind of like has actual value that can change, I'm not saying nothing. I'm I'm I'm mentioning cryptocurrency right now because I'm going to transition to something else." and and really so crypto crash and um you know recently we've been talking about a few topics now I know some of you guys that might be interested in crypto maybe you're that you're really into it or you're not. There are some people that they're into the predictions of it. They look at the charts and they try to like you know okay all here's a dip it's about to go up. They do all that and some people just read what other people think and they go off the experts. Who cares what you do? The point is Bitcoin fell 50%. Okay.
Now, what's important, and I always tell you, we always got to follow the money. There's a lot of things that kind of really resulted in that. You know, if you ask people, they could say a bunch of things. You know, they said, "Well, it's a couple things with the government." Um, I think the running theory now is that there's some Hong Kong hedge funds that overleveraged the Bitcoin going up and they used the Chinese yen, which is like their currency, which is a cheaper, you know, conversion than the US dollar to kind of back those. And basically they offset it against a black rockck bet because you know if you if I don't want to get too much into the stock market but you could get to um calls and shorts which you could predict if a stock is going to go up and a stock or a crypto is going to go up or go down. Don't want to get too much into it. I I just think about overall what I'm saying. There's a bunch of theories. But not only that, in terms of these ETFs um held by these hedge funds in Hong Kong that have now, you know, did some bad calls or some some bad deals and overleverag their position. Also, there's this like shift to AI, right? Like a lot of people who were betting big on Bitcoin, they're now taking their money and they're also betting big or they're leveraging it on AI. Also, the data miners, the the that used to be powering Bitcoin, it's down 40%, they're now powering AI, right? AI is like this new thing, AI. You're going to hear it a lot. You're going to hear it a lot. And I'm trying to make sure you guys are very familiar at a top level with it. I'm not going to get too much into the weeds with it, but all of this stuff kind of matters.
Now, I'm not going to sit here. I'm not the biggest crypto expert. And also, I don't think no one has the real answer for why crypto is down, right? Fully, right? It's not one thing. It's it's like a bunch of things. But all of those things is the reason why it's down. But it kind of goes to the pivot of what I was saying with like um AI. Now this is kind of the crux of my idea or not my idea but me saying um nothing is real. I want to give you a quick course and again you know this is me a little bit of a nerd, a little bit of a math major, but I'm trying to make it understandable and palatable to some of you guys that have probably no idea about finances or or economics. Remember I said why is a Bitcoin worth $120,000 or why is it worth $69,000 or why is it not worth a dollar? It's a lot of like perception here, right? It's a lot of you know perception, hope, faith that people could value and also leverage and then it creates like a market value. Why am I bringing that up? Because now with AI and I want to give you the story of AI and I gave it before a little bit, but there's a funny story with AI. I'm an avid investor. A couple months ago, actually about a year ago, just like any avid investor, you know, I've just starting to get some houses and stuff like that cuz I just I was just too heavy like in crypto and just like um stock market. So, I I got a couple houses and like I got some tenants and [ __ ] because real estate supposed to be the thing to get you wealth. So, uh but but I've always been like a heavy investor. So now about like a year ago, I get hit up and a lot of people get hit up and people get kind of that bug where people are saying, "Yo, everybody, if you really want to, you know, make a lot of money, you need to invest in Nvidia." And I don't know if you guys are into investing, but if you guys are, you'll realize that Nvidia about like a year ago, you know, it just went through the roof. Okay, just went went through the roof.
Now, I'm going to give the story really quick. I could get more in depth, but I do not want to just like, you know, drown people out because it's a simple story and I'm trying to crystallize my my not not necessarily theory, but just the point I'm making that really nothing is real. So, going from a Bitcoin, right, what's the what's the difference with it being worth 120,000, 60,000, or six bucks, right? Like you can't see a Bitcoin. It's just numbers on a screen. Like what is it? Now obviously people are going to be like, "Well, it has utility descent." Okay, cool. You could argue it a million miles away, but it's not a tangible thing right now. Let's get to AI. It's funny how wealth moves. And if you ask me, and I feel like I'm I'm repeating myself a lot. I believe a lot of wealth has been taken out of the crypto market by a lot of rich people and they're now leveraging on AI. That would account for some of the losses we're seeing some, not all, in crypto. Why are they leveraging it on um AI? Because they see AI as the new trillion, multi-trillion dollar industry. I want to give you this quick story. And hopefully you guys can keep up. I think you will.
So Nvidia, if you guys play video games, I play video games. You know, I'm an avid Fortniteer. Nvidia is a company that makes GPUs. GPUs is a um graphic processing unit. It's the thing that your motherboard would would use to process the the you know, super duper graphics you need to play Call of Duty this and third. and it's going to show you beautiful graphics that you could play your video game on, right? Uh it's a company that has been lasting for the the test of time. And the reason why it's been important now is because what they were doing, they are the basic they create these chips that are these microchips that are able to process information at lightning speed. Because of that they were able to take over you know they used to compete with uh Intel. They took over the graphics you know um industry and they worked with all the computer computing companies especially for gamers and this and third. So if you play games I'm pretty sure you have a Nvidia graphics card. That's how they started video games. Well, what happened is about a couple years ago when there was about to be a shift to AI is that here's the thing with AI. AI is AI is a thing that the growth of AI, right? Like, have y'all been on Twitter? Yeah. Have y'all seen like a chick post something, there's 80 mentions under it. They're like, "Yo, Grock, take her shirt off. Put her in a bikini. Yo, Grock, have the legs wide open. Yo, Grock, HAVE HER BEND OVER." LIKE, and that's AI. That's AI having to do that lightning speed. And if you just think about that, what happened is that you need these huge data centers and you also need like really rapid response time to make that happen. So, what started out as a um gra a a company that would make graphics cards realized they had other utilities because they had a proprietary um way to work with chips that would work faster than any computer. Okay. So once the world became cognizant that AI was going to take over, they said, "Who got the fastest processing unit and the fastest chip that could make it happen?" Here comes Nvidia. So Nvidia kind of gets out of the yo gamer space and now they're like the core chipset makers and GPU makers or not well processing uh um units makers for AI. So that's where that's where Nvidia lands, right? And if you guys are into the stock market, you would have seen Nvidia was like I'll look up the time Nvidia soarses like their stock soared like you know uh it'll be like a long time ago. It was not a long time ago. It was like a year ago. You're only going to see new [ __ ] about it. But I'm just trying to give you you know a little rundown. I don't want to look up everything. So Nvidia starts to basically do these deals and start working with people who need lightning speed computing. Okay. So if you need lightning speed computing, that's what you do. Um they later they later get fined because like they they were getting contracts for non-gaming stuff and they reported it as gaming stuff and people were like yo you're making that much off games. Come to find out they lied. Right. So I think they paid out like $5 million. Uh Nvidia pays out5 million. They they reported Yeah. They they reported um it was a civil Yeah. They they disclosed. So the first thing people came to Nvidia with and you're going to see everything makes sense. It was crypto mining. So in crypto you need to mine the coins. That's a computing heavy process demanding pro uh um thing that Nvidia got contracts to do because everybody's working with crypto. They're trying to mine them. They're trying to send them blah blah blah. Nvidia became the place that was or or the company that needed to help process this lightning quick like you know environment that was cryptocurrency and crypto mining. So they got a bunch of contracts after the video games, right? Or after the computer stuff that people were buying them buying Nvidia for video games. And they've got a bunch of stuff for people wanting the fastest computers to mine because remember there's supposedly a finite number of bitcoins. There's a finite number. So you want the fastest computer, the fastest [ __ ] to process it. They got a bunch of contracts. When they reported the revenue, they did not say this came from, you know, um, look, they didn't disclose the impact of crypto mining. They act like they were selling, you know, graphics cards for gamers, right? Right? They said it was gaming business, right? So they lied. They lied, right? They lied. So there were they failed to disclose that their growth was not because of the gaming market, but it was the crypto market. Okay? Hope you're following. So Nvidia, they started with gaming. Crypto comes in say we need like a some super duper computers. We got it. They do the deals. They eventually get sued, but they're still doing the crypto stuff. And then here comes AI, which requires even more need for super duper high-speed computing. Okay, now keep in mind my whole premise is nothing is real, and you're going to understand why. So Nvidia gets a bunch of uh contracts, their stock shoots through the roof. And then this is where AI is kind of born or not born but like it's the infrastructure and industry that everybody's now operating off starts to happen. Essentially, companies wanting to develop AI go to Nvidia and say, "Can you get us? We'll do deals with you to get all of these chips to have this amount of computing power that we need for AI." Now, some of these things are going to be familiar to you, some may not. One of the the ones that do is something called Open AI. I don't know if you guys ever heard of it uh but colloquially and they own this product open AI owns a product called Chat GPT. So chat GPT is owned by Open AAI. That was the first big entrance into AI. And they do a deal. They do a deal, right? They do a deal with um Nvidia. Okay.
Now I want to you know again the premise you should be thinking about is how even money and whatever we're thinking is not real. It's all about interpretation. Here comes in a company we've talked about a couple times Oracle. Now the story of Oracle. So so pause that first story. So Nvidia Open AI which is chat GPT. So Nvidia leaves not they don't leave gaming because they still do it but they then go to crypto after crypto they're at AI right because they're making the chips whatever whatever high-speed stuff is needed crypto needs it AI needs it but let's pause that for a second that's the chips that's going to do the things required for AI however you need the infrastructure that AI is going to live under. And let me give you another real quick um let me give you another real quick explanation. So, pause that story right there, right? And I think you guys are smart enough. So, we have Nvidia and chat GPT or Open AI, but now they need something else, which is where it's going to live. Here comes Oracle that we've talked about. And Oracle, remember we talked about it with Tik Tok thing. Oracle is where Tik Tok's data is at and the algorithm, right? But before then, Oracle, give me a second. Oracle, I want to break down this company for you. Okay. Um, Oracle is a company I can't remember when it was started. Let me see. Well, I'll just Google it. It doesn't really matter when it was founded. It was founded in in 77, okay, by Larry Ellison. I'm going to give you the real quick story about it. You guys could go look up these videos if you really care that much. It's not about one particular story. It's about the overall picture. Oracle, founded in 77, you know, um, it was initially established as, you know, SDL. If you guys work in, you know, or if you're older, you probably know that it was pretty much the first database. And a database is pre the cloud where, you know, it could be uh it's a database that could be hosted like say locally and it was set up in a way that multiple people could access it. It could it could tell what level of access and it could interact with each other to properly deal with the with a company that had many employees that needed to do many things. Okay, I'm making it really simple here. Right now, this is pre-cloud. Now, Oracle, right, was a it was a enterprise solution means it wasn't for like you and me like it's it's for a company, right? So companies used to use Oracle. By the way, you know, as we're mentioning that, I got to mention the arms race because as the cloud becomes popular, databases and the old school database becomes, you know, they become kind of antiquated. So Oracle starts out and then they start competing or not start competing, they get blown out of the water by Amazon. Now, what you guys might not know is that again, Amazon does make a lot of money from Amazon.com. We're on Amazon.com, but the majority of what Amazon does is that they reinvest a lot of their profits and they don't take they actually they slim down their margins. So, they're not taking that much of a profit. they their goal with their store or their online shop is always about getting every customer to buy from them even at the expense of their own profit. At at there were some points during their history when they were offering about you know Prime and this and third. They would take losses on things but it didn't matter as long as they could get every customer to not go to Walmart to not go to Costco to not go to Target but to go to Amazon.com. So this part of their business has been one that is very historic, but it's it hasn't been the most profitable in net profit. Why? They reinvest all the money and they take losses just to get just to get customers, right? What people don't know about Amazon. Amazon, one of their biggest money makers is not the Kindle. What else they own? They they own Whole Foods. That's cool, too. One of their biggest money makers is something called AWS. Right now, if you don't know what that is, AWS is is um Amazon Web Services. You may not know what this is because you probably don't have to interact with it. It's also kind of an enterprise solution, meaning it's for companies. It's not for you and me. Now, I'm going to tell you why this became lucrative. So, remember I told you most companies used to use Oracle. Well, when AWS came on, they were like kind of like, you know, like Google to or Gmail to to Yahoo, right? A lot of people were on Yahoo or AOL. When Gmail came out, everybody got a Gmail, right? And essentially what they did was they offered cloud solutions to um companies and websites, right? So, you know, without boring you with and I feel like I might be boring you guys already, but just keep just keep following to put to make it short, you know, the reason why, you know, so Amazon like for example, Twi Twitch is ran on AWS. So there's a cloud and AWS is um Amazon Web Services. So Twitch relies on AWS, okay, for them to have a place to store VODs, a way to process their streams, the bandwidth, everything. AWS, which is owned by Amazon, but they also own Twitch. That that's what it's hosted on. Now, get get the kicker, all pun intended. I also stream on Kick. Kick is also in the same thing. Kick is also on Amazon Web Services. Um, YouTube is not. YouTube uses their own different thing. But the majority of companies use AWS, whether it's Twitch, like that's all it's always funny when people like no matter if you're on Kick or Twitch, you're on Amazon's web services, right? Like if you're on I don't know most most like you know companies or most websites you like they're on AWS. Maybe even Instagram. I I could look it up. Is Instagram hosted on AWS? Oh, no longer. But they used to. They used to. They used to. Okay, cool. So basically, it's it's it's like one of the first cloud situations and they get paid millions, well actually billions of dollars for these contracts from companies to be able to run. Without AWS, you can't have a Twitch. Without AWS, you can't have a kick. So cool. They pop out and they get a lot of market share. And now Oracle is looking like the old [ __ ] who got no tech, right? Because their [ __ ] their cloud thing is not that, you know, it's not that inviting. It's just not popping like that, right? and they basically become the easy solution for everybody in the, you know, big company space. So, everybody's usually using AWS, right? And that's why they're kind of cleaning up because they had I think their market share was like 70% or something like that. Anyway, Oracle, which was more robust, it was more technical and because it was based on database, not just straight to the cloud. It was really good, really robust, but it just wasn't the fan favorite. It wasn't cute. It was like the it's like the nerdy ugly [ __ ] like she's she knows a lot and she's cool, but the pretty [ __ ] that's a dummy. Like, you're going to go with that. So, that's why everybody went with AWS. Now, ironically, when AI comes around, AWS is just a little bit too simplistic for what's needed for AI. Remember, AI needs a lot of computing power. It needs organizations. It needs it in these [ __ ] that is when you ask Gro a question, it's like this, right? It can't be like, oh, I'm thinking, give me 5 seconds. No, hold on. I'm I'm waiting on the signal to get back from the whole data center in Oklahoma. It's not going to work. SO AI HAS TO BE BANG. So now we connect the two stories, right? Open AI, who just gets a deal with Nvidia, needs to host AI somewhere virtually. They got two options pretty much. There's another one, but we're not going to get into that. their options of where to host AI is going to be Amazon or Oracle. Now, Oracle, who was kind of down bad, actually fit all the requirements for what the [ __ ] Open AI needed. All of the things that was unattractive was now attractive because AI is really intensive and required extreme organization. things that Oracle provided and had in place that AWS didn't. What happens is a uh Open AI, they already got a deal with w with Nvidia. They get they get down with um they get down with uh they get down with Oracle over AWS. Now, this is reflected really quickly, and this is where we get to the money. You know me, I'm a pocket watcher. Always follow the money. You probably saw a story that Larry Ellum became the second richest person in the world. And this is really interesting. So in 2025 to 2026, Oracle co-founder frequently reached he he became the second richest person in the biggest surge that people ever seen, right? Um the stock of Oracle jumped all the way up. Okay? And most of that was this AI bet that is pretty much happening. But I'm going to explain it to you and I hope you guys could get it. First and foremost, I I I'll explain uh I have a video. I'll play a few seconds of it. So, this is why, you know, and I'm telling you why the whole goal is to tell you why money is all about perception.
>> In the AI boom, we've seen some crazy jumps in net worth. Sam Alman, Zuckerberg.
>> So, Sam Sam Alman is um the CEO of um a uh Open AI.
>> Larry Page from Google.
>> That's Google. Jenzen Hong and of course
>> that's Nvidia
>> Elon Musk
>> X obviously
>> but why Ellison and why a jump of over 100 billion so Larry Ellison so when open AI picks Oracle instead of AWS and it's not like it was a 101 like this or that but when they pick Oracle everybody who is interested so basically chat GPT picks Oracle and because everybody believes AI is the future Sure. Well, that's the that's the hottest [ __ ] in the party now, Oracle. So, the worth of Oracle, boom. Perceivably, we're going to get to financials a little bit.
>> According to Bloomberg, this was the biggest one day increase ever recorded. Not even Jensen Hong, despite
>> that's a guy for um Nvidia,
>> founding Nvidia saw a jump like that. And that's because equity always wins. Here we go.
>> Huang owns about 3% of Nvidia. And even with just that, he's one of the world's richest people. Zuckerberg owns an impressive 13% of Meta, but Larry
>> I was actually shocked by that. I thought I thought Zuckerberg owned a little bit more than that.
>> Is on a different level. He still owns 42% of Oracle.
>> Okay, Larry Ellison owns 42% of Oracle, right? So his his net worth, you know, just goes through the roof. He's the second richest guy behind Elon. And this is where we get to and maybe this is maybe the most interesting part of this part of the monologue in you guys understanding money. So, or Oracle gets picked by OpenAI/ChatGpt and it's basically Nvidia ChatGpt, OpenAI, and Oracle. That's really the big investment in AI, the first one. There's a lot of dominoes going to going to fall. But let me explain to you how. Number one, this is no better than you having $500 in your bank account, going to the casino, going to the roulette table, and not even spreading it around. You pick one number. I think when you go to roulette, it it pays 35 to1. You put everything on, I don't know, number 17. I'm going to explain. So, what what ends up happening is uh the net worth and some of these companies are are are public. These companies perceived value gets ridiculous. Obviously, Oracle, right? Because of this supposed new frontier of AI. The three people who are set to win, Oracle, that's the the database and the AI cloud, the power behind it. Nvidia, the chips that will run the infrastructure, and Open AI, which is chat GPT, which people love. Listen to this financials right here. This is crazy. So, Open AAI makes a 1.5 trillion and and and it happened last year. They made a 1.5 trillion um promise. Now, I hope you know what a trillion is. A thousand billion is a trillion, right? Like a thousand, right? They make a thou a $1.5 trillion promise about what they're down to invest in the infrastructure of AI. Now, THIS IS WILD. EVERYBODY'S LIKE, "OH my god, the new frontier has to be AI. It has to. THEY'RE MAKING A 1.5 trillion promise for the investment into look the infrastructure deals worth up to $ 1.5 trillion. Now, what's important is that this promise this promise is supposed to and hold, let me see if I see it here. Hold on. I probably just have to get it from AI, which is ironic. Okay, right here. It's supposed to it's supposed to happen between last year up until 2035. Okay. Now, I'm going take again. I'm I'm just trying to show you it's just a money conversation really. All right. Now, Open Open Open Open Open Open Open Open Open Open Open Open Open Open Open Open Open Open Open Open AAI is not like a it's not a company that's making a lot of money. I'm gonna make it really simple because I feel like I'm dragging it already. Open AAI in its highest, you know, usually in 2024 it made like $10 billion in revenue, right? We're not talking about losses. We're just talking about gross. Um $10 billion in 2024. They made $20 billion in 2025. Yet, they have committed to being down to spend $1.5 trillion in the next nine years. The company is not worth that. Yes. Remember, it's a thousand billion for a trillion. Essentially, what I'm trying to say, they're not making close to what they claim they're going to um invest in the next 9 years, but they're betting that the industry is going to work and everybody else is leveraging the bet. That's why everybody's net worth is going up. So everybody's net worth is like that's involved in AI is not really real. It's off this one bet. This like by the way it's not even backed by banks. Like let me see if I can look. It's not even backed by banks. So I think this guy actually does a good job of explaining it. Let me see. Here we go.
>> Art and Altman just insisted there were quote way more users.
>> Is it this? No. No. Here we go.
>> To exist and do that. And this why I was comparing it to just walking in the casino, right? Because they're making a bet, but they don't even have enough to pay it.
>> I needs is a ton of data. You can't build enforcement for companies mining the rare earth metal.
>> Okay. Okay. Come on.
>> Since they first met in the early 2000, micro reactors, literally trucksiz mobile drove. 2024, he announced the product that had supposedly offer of technofascism. WorldCoins backers say can be a way to give out some form of universal basic income when AI starts replacing jobs.
>> I think this idea that we have a global currency that is outside of the control of any government is a
>> Oh, no, no, no. It's here. My bad. Sorry.
>> On AI infrastructure over the next 8 years.
>> Okay, this explains
>> Brad. If you want to sell your shares, I'll find you up.
>> Here we go. Okay,
>> watch this clip of Sam Alman having
>> So S Alman is the CEO of OpenAI, right?
>> Very strange reaction to an interviewer who's pretty friendly to big tech and I'll explain in a second.
>> How can the company with 13 billion in
>> at the time they had 13 billion in revenue
>> revenues make 1.4 trillion of spend commitments? And you've heard
>> basically saying if you're making $10 an hour, how could you say you're going to spend $2,000? You're making you're making $10 a year. How could you say in 10 years you're going to spend $2,000? The math ain't mathing. If we extrapolate even with a small grow growth factor, if you're making $10 million or 13 to be accurate, you're not going to make $1.5 trillion over 10 years. So, how are you claiming you're going to do this, right?
>> The criticism.
>> First of all, we're doing well more revenue than that. Second of all, Brad, if you want to sell your shares, I'll find you a buyer.
>> I I just enough.
>> So, why does Alman seem so upset here? After all,
>> that's a seal.
>> All this interviewer is just pointing out a basic fact,
>> which again, I'm bringing it up because we're going to come back to this. This guy's either really smart or he's the biggest idiot.
>> More revenue than that. Second of all,
>> so why does Alman seem so upset here? After all, this interviewer is just pointing out a basic fact that OpenAI has committed to spend over $1 trillion on AI infrastructure over the next 8 years, despite only bringing in around $13 billion a year in recurring revenue, less than 1% of what they're promising to spend. I'm no money genius, and I'm personally terrible at budgeting, but that doesn't seem great. Most of the supposed growth in the American economy in 2025 was caused by investment in AI. That's all part of a promise being made by the industry led by Sam Alman.
Now, so exactly. I I hope you get what I'm trying to say. Larry Ellison's net worth is up. He's the second richest. Well, I don't think he is. He's number four now. Um he's he's behind Jeff Bezos again. Um definitely Elon, who's still number one, and he's behind I think Zuck. We could look at Forbes. Forbes has like a a running list. Yeah, they have a running list. I think he's he's top five. Let's see. Yeah. Um Elon Zuck. Yeah. And Ellison's here, but his [ __ ] went up a lot. And I guess the point what I'm trying to say is that it's all perception. You know,
>> that once a certain level of machine learning intelligence is reached, all of our problems will be solved. So that's the whole bet on AI that once we could figure out once AI is properly funded and it takes over everything. It's going to be the biggest thing. Jobs going to be done. We we're going to cure cancer. We're going to do everything. We're going to be able to hover fly all that type of [ __ ] And that AI is going to rule the world and not just be an ancillary parts of our life, right? Like right now like what y'all use AI for? Which by the way Grock Grock is hosted on Oracle. Grock is hosted on Oracle. chat, GPT, OpenAI, Oracle. Um, the majority of, you know, whatever you guys use in terms of AI is on that Oracle. That's why Larry else is popping so much. But the the bet on AI is that AI is going to take over everything. It's going to eliminate most jobs and people are going to essentially have to adopt to new things that's going to support the AI infrastructure that's going to control the world. Obviously, hoping it doesn't become what they call sentient where it now becomes its own thing and it just [ __ ] us all up, right? So that's the bet. And because of the bet, which by the way, it's it's not bank it's not backed by any bank. It's just like this ONE DUDE. UH NOT REALLY. I'm kind of being a little bit disingenuous, but it's not really backed by like a lot of different things. And I guess it is because it is backed by like the investments that people are putting in. But it's really one guy's vision.
>> The housing crisis, cancer, poverty, climate change,
>> cancer, poverty,
>> mental health, democracy, universal basic income, cure a bunch of diseases. This can't
>> [ __ ] This guy right here is a legend. Watch him and that one and heart disease helping you try to accomplish your goals and be your best.
>> Very high quality healthcare.
>> Important new scientific discoveries. The marginal cost of energy are going to trend rapidly towards zero. The more equal world, universal extreme wealth for everybody.
>> In exchange for all that, Albin is asking all of society to put all of our eggs, our data, our economy, our water and resources, everything into one basket. His. He's offering us one massive just trust me, bro. So,
>> hey, it works.
>> Should we trust Alman? Should we accept his deal? Is it even our choice? Alman isn't a technologist or scientist. He's an investor and dealmaker and really good at it supposedly. But his whole career is a series of just trust me, bro moments. So, let's examine the deal Alman is offering all of us. Should we believe Sam Alman's promises? And what's the cost to the rest of us if those promises turn out to be lies?
And and Chad, that is the, you know, I hope in in however long I took to get to this point, you guys kind of get the backbone of what this AI infrastructure and AI world we're into. Uh, it might work. it might just completely take everything on over but based on this guy's promise everybody has bought in like they believe it. So you have every company you have um X which is obviously Elon's company investing you know tens of millions of dollars or billions of dollars I mean uh you have the US government who's everybody's investing into AI but the investments and and the workload that's needed from it because remember I brought up Nvidia it requires a lot of computing power a lot basically what's happened is that AI I really is only going to pay off if it runs the world. Not if AI, if the only use of AI is for you to be like, "Hey, Grock, take the bikini off, shorty." Like, that's not going to be the payoff. You know what I mean? Like, that's not going to be what justifies like all the money and billions and of dollars that they're spending on computing power to have this technology if AI doesn't run everything. So essentially, this guy kind of convinced everybody AI going to run everything. Believe me. Okay.
>> So, let's go back and look closer at Altman's early days. Okay. How many users?
>> All right. So, so I'm I'm not going to do too much on that, but I did want to get into two more um um things. And I know it's kind of ran long, I don't even know if this a monologue at this point, but you know, it it's it's important to kind of see some of these players and kind of see what's happening because that's where the world is going. Everybody's leveraging their money in AI. Okay. The net worth, the financials of the world currently are inflated basically based on the belief that AI is the future. Now, if it doesn't happen to be completely the future or you know it takes steps back, you know, it's going to be catastrophic for certain companies and it's going to be a lot of money lost. But currently, everybody's making the same bet. and they're making the same bet because there's a few players that's already heavily invested. Um, you know, Oracle obviously that's their thing now because they can't compete with Amazon Web Services for like say Twitch or Kick Nvidia it's, you know, it's already getting old type of requests not only for crypto but now for AI. And then you have like chat GPT which everybody's fascinated with the idea of speed being able to save time and having like these virtual assistants or having AI being able to problem solve and run models and do things that you know maybe it would require several thousand humans to do. So that's what it's going to be, right? And obviously also it's going to affect the music industry if you do care about that, right? Like it's gonna be how music gets gets processed, music get made, uh music gets tested, music uh gets written and created, sounds get get produced, and all of the sort. Anyway, um interesting interesting enough. Interesting enough. Uh I'm trying to figure out. Give me one second. What was my next thing? What was the next thing I was trying to get to? Oh, okay. Okay. So, yeah, that's that's pretty much what seems to be the future of every industry where AI is completely going to be taking over. Now, AI has definitely helped out to do a lot of things. I mean, AI could help make a thumbnail. It could help you plan a business, make a website. Uh, I know a lot of people use AI to kind of help out with the uh with a with analyzing the Epstein files, right? Which, if you guys don't know, I think we kind of looked into a bunch of stuff and and we're going to talk about the Epstein files slightly again a little bit later. Uh, won't be completely devoid of some hip-hop stuff clearly. Calm down. But I do see people asking me to kind of react