00:00 Speaker a
Let's talk a bit about meta. This morning, enthusiasm for its improved AI efforts after hitting record highs during Monday's trade. Meta CEO Mark Zuckerberg reportedly announced in an internal memo that Meta Super Intelligence Labs will be led by former Scale AI CEO Alexander Wang and former Github CEO Nat Friedman. In the first half, Meta's profits outperformed chipmakers Nvidia and Mags ETF, tracking all seven Mega Cap Tech giants. For more information on how to play AI trades later this year, I would like to take Futurum Chief Market Strategist Shay Bollar. I'm glad you were here in the studio with us.
01:30 Shay Boller
Thank you for taking me.
01:32 Speaker a
Well, you were the one we were discussing Dodgers Edition and Kobe Shoes. Of course you are native to LA, but take into consideration. Let's talk a little about meta here. As you're thinking about some of the accelerated investments they're making to catch up and perhaps establish themselves further into some of their AI ambitions, how are they already being said at this point and measuring against what they've sold to investors?
02:05 Shay Boller
Yes, first of all, as a fellow Angelino, I'm really jealous of those kicks you can get, so maybe I'm back home. But for meta, let's do some napkin maths. Apparently it's a company worth around $2 trillion. If they are behind in AI races, 25% haircuts, that's $500 billion. So if there's any hint from Zacks where the meta is behind, then Lama Three, Lama Four, there's not much improvement. He is about to reinvest in order to gain that talent. And it's what opens AI and Google uses them. So he could make Shadow Aqua higher the following week to put Alexander Wang under the hood, and also damage his biggest competitor and now he has to drop, so he's now under the roof of meta.
03:48 Speaker a
It's one of my favourites and we were talking about this in the newsroom before the show, but uh, some of our teams can see these announcements of new core profiles and key profiles that are making the move from open AI to meta. It was announced as if they were draft picks or as if they were NBA or NFL players here. It was amazing to see, but this talent speaks to how it's in a variety of giants here for the meta, uh, MegaCapTech stock type companies, and what they're building and how it can be deployed for consumers. What does that timeline look like for your rating?
04:42 Shay Boller
So, it's funny that you made that comparison as NBA free agency started this week. It felt like AI free agency was starting now. And, um, Meta dropped the roster of talent they could get. And since this race was just beginning, there was hype behind it. And we believe Futurum stocks will spend trillions of dollars over the next few years. And to do so, you need the largest AI brain to create these products. And as a consumer, specifically, the model will be quickly improved and proven. Well, there's abundance right now. Therefore, due to the abundant models, there will ultimately be a production boom, and consumers will benefit from it. And I still don't think I've really experienced the middle innings of this game. And the genic AI chat GBT moment hasn't happened yet. So, as soon as the first company resolves the next wave, I think we'll get a better indication of someone who will become the winner of this super AI intelligence. Who is the winner of Super AI Intelligence?
