Tom Gardner discusses his belief that AI is the next internet, examining fraud detection, clear thinking, and the amorality of big tech companies.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
AI is the next internet, riding on existing systems and requiring Group 3 talent for implementation.
Generative AI tools like GPT-4 can provide valuable insights for investors and uncover patterns.
Deep dives
AI as the Next Internet
AI is the next internet, coming on faster and less expensive. It rides on our existing systems and requires more power to continue accelerating. Companies need to hire Group 3 talent, individuals who are fascinated by AI and can drive its implementation.
Generative AI and Investing
Generative AI, like chat GPT, can improve investing by providing insights into how companies use AI and understanding thematic trends in the world. By utilizing tools like GPT-4 and asking it prompts, investors can gather valuable insights and uncover patterns.
Preparing for Market Volatility and Recession
Investors should be prepared for market volatility with an average annual 10% decline and occasional 20% and larger declines. Rather than predicting recessions, it is better to focus on building portfolios with a margin of safety and evaluating big themes like national debt, wealth inequality, and geopolitical issues.
Motley Fool CEO and co-founder Tom Gardner caught up with longtime Fool Contributor Brian Stoffel to talk through Tom’s fervent belief that AI is the next internet, but better. In this segment from a recent episode of our premium podcast, Stock Advisor Roundtable, Brian and Tom also discuss:
The future of fraud detection.
How to succeed at thinking clearly.
The amorality of big tech companies.
To gain access to all episodes of “Stock Advisor Roundtable” and get two stock picks each month, become a Motley Fool Stock Advisor member here: www.fool.com/signup
If you’re already a Stock Advisor member, check out other episodes of Stock Advisor Roundtable here.