00:00 Speaker A
All of you have heard a lot about, about job displacement. Uh every job will be affected. Uh some jobs will be lost, some jobs will be created. Uh but every job will be affected. And immediately, it is unquestionable, you’re not going to lose a job, your job to an AI, but you’re going to lose your job to somebody who uses AI. But let me give you and those are, those are fairly common sense things to, to, to, to have observed. But let me give you two extremes that you might want to consider as well. Uh
01:56 Speaker A
computer technology, computer science has benefited about 30 million people. There are about 30 million people in the world who knows how to program and use this, use this technology to its extreme. And it’s really benefited all of us that have been in this industry the last 30 years. Uh potentially one of the best and most, most wealth creating industry you could have selected. I could have, I could have been a petroleum engineer. My dad was and I could have been, I could have been a doctor. My mom thinks everybody should be a doctor and but I chose, I chose uh to, to go into computer engineering and it turned out to have been quite a good, good choice. Um and and however, however, there are about 30 million people like in, in this industry. Um and so we’ve created, like in the last, you know, 30, 40 years, probably the greatest technology divide the world’s ever seen. The, the instrument that we’ve invented, uh, we know how to use, but, but the other eight, seven and a half billion people don’t. Um
04:59 Speaker A
I, I’ll, I’ll put on the table that in fact, artificial intelligence is the greatest um, opportunity for us to close the technology divide and then let me prove it to you. You know, if we just look in this room, it’s very unlikely that more than a handful of people know how to program with C++. Um and uh and equal, equal number know how to program in C. Um and yet, 100% of you know how to program an AI. And the reason for that is because AI will speak whatever language you want it to speak. You could draw a schematic and show it to it. You could draw a picture and ask it what to do. Um you could, you know, obviously talk to it in, in words. You could, you could write a prompt. Uh you could describe your prompt in a very explicit way. You could describe your prompt prompt in a very implicit way. Uh and if you don’t know how to program that computer using AI, you just tell the AI, I don’t know how to program you. How do I program you? And the AI will tell you exactly how to program you. And and program it. And so I think that, that um and the number of people who are using chat GPT and Gemini Pro and uh these AIs kind of demonstrate that in fact, this is one of the easiest to use technologies in history. And so now all everybody could take advantage of this capability, whether there’s a teacher or a student wanting a tutor and every student should use it as a tutor. I use it as a tutor every day. And so I think the, the ability for us to now use artificial intelligence to close the technology gap is incredible. So that’s one extreme.
08:43 Speaker A
The other extreme that I will say is that remember, uh we’re we have a shortage of labor. We have a shortage of workers. We don’t have an abundance of workers. We have a shortage of. And for the very first time in history, we actually have, we can imagine the opportunity to close that gap, to put 30, 40 million workers back into the workforce, um that otherwise, otherwise the world doesn’t have. And so you could, you could argue that artificial intelligence is probably our best way to increase the GDP, the global GDP.