The Technology Boom and Its Impact on Mankind With David Mattin & Raoul Pal
Oct 27, 2023
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David Mattin, author of New World Same Humans, and Raoul Pal, co-founder and CEO of Real Vision, discuss the impact of technology on the world and the need for humans to adapt. They explore the challenges of predicting rates and liquidity, the power of the metaverse and AI, the value of music in the digital era, and the launch of a crypto academy. They also touch on the intersection of AI, the metaverse, and virtual worlds, and introduce The Exponentialist, a service for navigating the technological revolution.
The rapid advancements in technology are reshaping the world and it is essential for humans to adapt to this new reality.
The tech sector is thriving while the old economy struggles, leading to a positive outlook for equities in the long term.
The metaverse and AI are deeply interconnected, revolutionizing industries like music, fashion, entertainment, and finance.
Deep dives
The Birth of the New Technological Age
We are currently witnessing the death of the old world and the birth of a new one, specifically the new technological age. This new world is filled with 3D printed rockets, crypto payments in space, discussions on humanoid robot rights, and machine intelligence that may surpass our own. It's a world of both opportunities and difficulties, and it's happening much faster than we can comprehend.
Navigating the Bifurcation in the Markets
The markets are experiencing a bifurcation, with the old economy struggling while the tech sector thrives. While the NASDAQ has seen a 30% increase in value, the Russell 2000 has hit new lows. This divergence is due to the forward-looking nature of tech companies and the focus on secular bull market trends. Overall, there is a positive outlook for equities, and while there may be short-term corrections, the long-term trend is upward.
The Intersection of the Metaverse and AI
The metaverse and artificial intelligence (AI) are deeply interconnected. The metaverse, which is essentially the evolution of the internet, will provide the platform for AI to communicate its insights to humans in visual representations, bypassing language barriers. AI will shape virtual worlds and allow users to interact with digital content in innovative ways. Despite skepticism and resistance, the metaverse is an inevitable part of our future, and it will revolutionize various industries, including music, fashion, entertainment, and finance.
The Rise of the Exponential Age
We are currently living through the birth of a new technological age, characterized by rapid advancements in various fields such as AI, robotics, and virtual worlds. This exponential age offers tremendous opportunities as well as challenges. From 3D printed rockets to discussions on the rights of humanoid robots, the world is transforming at an unprecedented pace. It is essential for individuals to comprehend and understand the implications of these changes. The Exponentialist, a new service by Raoul Pal and David Matin, aims to provide an almanac for this rapidly changing world, helping people navigate through the opportunities and complexities of the exponential age.
The Importance of Understanding Technological Cycles
In this era of exponential technological change, it is crucial to be aware of the different tech cycles and their impact on industries and individuals. The Exponentialist is not only focused on investment advice, but also on helping people understand the broader implications of various technological advancements. By offering insights into tech cycles, the Exponentialist aims to assist individuals and businesses in making informed decisions and capturing the potential opportunities while minimizing risks. The service is designed to empower individuals with knowledge about AI, virtual worlds, robotics, and other emerging technologies, allowing them to supercharge their understanding of the evolving world and embrace the exponential future.
🚀Get access to David and Raoul's full catalog of research here: https://rvtv.io/3FAb8hj
Raoul Pal, co-founder and CEO of Real Vision, and David Mattin, author of New World Same Humans, join Maggie Lake to discuss how accelerating advancements in technology are reshaping the world as we know it, why humans will have to adapt to this new reality, and what we learned about the future this week on Real Vision. Plus, Raoul and David have a special announcement you won't want to miss.
Get access to David and Raoul's full catalog of research here: https://rvtv.io/3FAb8hj
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