00:00 Speaker A
Enter the employment report. There are many concerns about AI. And let’s talk about what the two of you are talking about, who’s actually using it and how they’re using it. And I’m sitting here saying they’re using it in ways we don’t even imagine. But employment statistics seem to say that those concerns are unfounded in reality. Torsten Slock, who is at II, still believes he is at Yahoo Finance. He is Apollo’s chief economist. He writes about this and says that the data he has so far says that even though some companies are saying, “We’re hiring people.”
00:37 Speaker B
yes.
00:38 Speaker A
Turned off due to AI. He says the data doesn’t support that.
00:40 Speaker B
Well, it depends on the location. So Erik Brynjolfsson and other researchers at Stanford University have been studying this for several years. And they just updated a canary-like indicator that looks at specific jobs. And a lot of researchers looking at this are looking at who is most exposed to AI, who is least exposed to AI. And we know that the more jobs are exposed to AI, the more job losses occur, especially among younger people, right?People who are starting their careers. But it feels like we’re at the beginning of perhaps a decade of workforce restructuring. I mean, we won’t know until next year, right? What will happen to this? It will take some time for this issue to settle and for us to understand how this affects us.
01:31 Speaker C
Completely. In 1890, horses still have jobs. what are they still talking about? Cars eliminate horses. This is crazy.
01:39 Speaker B
That’s correct. that’s right. Or a locomotive removes a boxcar.
01:46 Speaker C
Yeah.
01:48 Speaker A
But look at the efficiencies that can be gained through AI. And you and I draw from the media, not from a traditional linear media background. But, but, my team uses AI. When you do an interview like the one you do on your podcast, you take the live interview, feed it into an agent, and the agent selects a one-minute soundbite for social media distribution. Now it has to be reviewed by a human, but we’ve gotten very good at finding salient points within a minute that can be published almost instantly. This increases efficiency and eliminates the need to have a social media person on staff to do it. You need to review it, but you don’t need to create it. That’s one efficiency. For real-world experience with AI, I was considering long-term health insurance and hybrids. What did I do? I incorporated both plans into the AI. I said, please analyze this. And within seconds, it starts snapping again.
02:52 Speaker C
Let’s go then.
02:52 Speaker A
We’ve got some helpful information on which one you want. I’m looking forward to seeing this and receiving an ad.
02:57 Speaker B
But have you hired someone to do it before?
03:00 Speaker A
Ah, that’s usually the case. Most people will go to a broker. Even if they get the plan, they pretend to read it without understanding it, and who will they ask to explain it to them? They called their uncle and aunt who sell insurance and tried to explain it to them. There’s no need for that now. You can literally get an agent and it doesn’t matter which agent you use. You can use Gemini or Claude, both of which are free to use. Please tell me the main points in simple English. If you prompt it in a place called the playground, it will tell you. And you can make the decision yourself. This is an amazing efficiency that didn’t exist just a few years ago.
