What Is AI and Why Does It Matter?

ABOUT THIS EPISODE

On today's episode, Financial expert and Amazon best-selling author John Browning talks about what is AI and why does it matter to you. Listen as John shares some insights on this "new" technology and how it can help you build your portfolio to support your life. Learn more when you Connect with John by texting "LIFE" to 21000 or GuardianRockWealth.com.

Welcome to the build your life podcast with John Browning. Build your life as a relaxed and unedited conversation with financial expert and number one Amazon bestselling author, John Browning. John is the founder of Guardian Rock Wealth and serves clients across the United States. John's the author of the book build a life, not a portfolio, a guide to your financial future based on your personal values, which you can purchase on Amazon, or stay around to the end of today's show and I'll tell you how to get a free copymailed right to your door. I'm Michael Delon, your host for the next few minutes as we chat with financial expert and business owner John Browning. John Browning, and I hope it's been a great day for you so far. How are you? I'm doing well. Well, we had a little trip for the lunch and then other than that have been in the office all day. So it's can get out. Can Get out like at least once a day. I tried to, because there are times where you're just you're just sitting there. Since you realize and I've got this little thing on my wrist. Yes, and some people got the Apple Watch or whatever, but it keeps track of your movement and I realized literally all day I've walked like three thousand steps, which is not like anything. At has a whole office that I that I work out of, but it's uh, actually kind of the topic we're talking about today and how it is we wear, we wear these things and refrigerators, now that already know what are gross trees are supposed to be, and replenishing everything, and it falls into the category that's called, you know, Ai. And the first thing, the first time I read that Ai, I went immediately back to the Bible because there's a story in there in a battle of AI, and I thought, what does that have to do with technology? Well, it's not the same thing, but but ai. I'll let you...

...explain what it is, because I'm sure you're more knowledgeable than me. And so what is it and why does it even matter? Well, I think it matters to all of us, whether we like it or not. So Ai is artificial intelligence. For those of you who who haven't heard of it, and those of you who are, who are, I will say, around our age, right, Michael, we think of we think of our Arnold Schwartz, Nigga and the Terminator and and Ai taking over the world and robots taking over the world, and you know that was it was. It was a great movie, right, okay, if you were a guy, it was a great movie anyway. We all liked its action all that and uh it. It is a bit scary to those of us who kind of realize the power. At the same time it's also exciting. But is artificial intelligence can make your life better, it can make it easier if you embrace it. But then what happens? If I'm not saying that a I necessarily will ever become self aware like happened in the movie, but the idea of how much information do we want about our personal lives out there for everyone to tap into? And we did a recent episode about identity theft, putting little pieces of information from all over the Internet and maybe even some pieces of paper you may have thrown in the garbage and not shredded. How much easier might it be for someone to do some identity theft with a I? So there are dangers right at Elon Musk, one of the famous guys of our time, one of the smartest guys out there that I know of, says that...

AI is one of the scariest things that he deals with every day. But he's at the forefront because a lot of artificial intelligence is built into not just his his tesla cars that he's building, but also into space, as the boring company, everything else that he's doing, and he even has artificial intelligence chips that they have implanted into animals, brains that can transfer and and help and AI robot learn how to walk like a pig, how to behave like a pig. So can they do that? Then? This is the early testing right. Can they do that with human like robots? That sometimes so it gets fascinating and you can, we can go down this rabbit hole, right. So the whole thing of if it walks like a duck and quacksock a duck, isn't it a duck? Might not be true in the future. Then really try as they as they get further into it. You know, a lot of a lot of folks just had this idea, especially those of us who live here in the United States right that well, the United States is the greatest country in the world and hey, we are. I'm patriotic just like the next guy, but if you really look at the adoption of new technologies such as AI and other innovations, you'll find that we're a distant third really and in some church tell you and sell your fourth or fifth on that list. And if anybody's interested, it's China and India that are leading that charge by a country mile, so to speak, or adoption of new technologies and innovations and things like that. Um, just just an athlete staying, just saying so AI is probably here to stay. Yes, there are new and new. I mean there are new technologies all the time and...

...some we love. You know something it makes your life easier. Your Fit Watch is really nice, you know, and having self driving cars. Somebody had a self driving car the other day and he was in L A and he's a friend of mine. He's like, yeah, I just get on the car and I make email calls and stuff and it just does it for me. Really that's shocking, but that's new. I could definitely see that being a benefit down the road somewhere. But also, I'm sure, plays into investments and things, I assume, at some levels of trading aspects or ai or who knows what it is right. Well, that's and and really, you know, so sort of make that transition, you know, one of the things that I get asked all the time. You know, we're, we've been in a declining market. This is kind of dating the PODCAST, I guess, but but right now we've been in a declining market for over a year, and so where are the opportunities? And I think the answer often lies as as much in innovation as it does in watching kind of where the general economy is going. So if you look at what's happening now and you look forward, you don't you when you drive a car, you glance in the rear view mirror, but you look and you focus forward. Right. I think I've used that analogy before on the podcast. So if you look at where we are likely to go, how what companies and how might that benefit certain sectors of the market? So, if you look at artificial intelligence in particular, what I like to say is there's there's a core of innovation and then all around it are exciting things that are growing out of that core. And artificial intelligence, I would argue, is the core to everything from healthcare and genome sequencing to the blockchain and digital currency that we hear...

...a lot about, to how we manage energy and energy storage and autonomous vehicles, which we just talked about, and the connectivity of the refrigerator that we talked about. That can is now capable of not just making your list but also ordering it from the store. Right, super convenient, right. But that's all about artificial intelligence. So it's kind of into everything. Three d printing, any kind of robotics, all of that uses artificial intelligence in some way. So we're living in an exciting time but also a little bit scary time, because how, how is that regulated? Is it overregulated? Is it regulated before they understand it? But wasn't? Wasn't that true? Hasn't that been true always? I'm sure when Henry Ford brought out the car, everybody was like they're exciting times and other people like, well, I don't know, I just go so I think we're always in that conundrum. Right. You were just saying, you know things. We have Rosie, the robot, we have on those rum rumbat thing, whatever it is that does the floor, and I'm like, okay, based on what you're saying, that's like a I technology in my house. I'm like, I never, I never connected that with AI, but it's artificial intelligence because, yeah, that learns, it learns the room and it learns where it is. Yeah, exactly, and it's it's probably the most rudimentary form of a right, but we have one too. But but it's it's going back to the cars. I rented a car the other day. I mean this was months ago. I was in Los Angeles or someplace and I didn't know this, but as I got close to the the dotted line, it would it would move me back into my lane and and it really whigged me out. I'm like, what in the world you're to it? You had some sensor thing that...

...kept me in my lane and I thought that is really weird. But once you get used to Yok, well, that's kind of fun. It keeps me from having an accident. So there's there's a lot going on with ai that most of us don't even register that we are just probably scratching the surface right now to go wow, what could be? Yeah, there are probably the most prevalent thing that that we're looking at, Guardian Rock, that we're looking at right now because we see a major issue coming down the road with the economy and it's energy. Yes, it is going to be a major issue. Is a major issue, but also food security is a major issue because of what's happening in other parts of the world and also, you know, for some other reasons as well. So what's being done and what part does Ai Play? Well, some of the common names that you would be familiar with if I mentioned them, but since this is not investment advice, I want to be careful not to mention specific companies generally speaking here, but some of the companies that you hear about every day may be making farm equipment things like that. They are working hard on utilizing ai and everything from self driving tractors to press what they call precision farming, which is, I believe, going to become more and more are important as we kind of get into the impact of Ukraine not having a harvest this past year and Russia not necessarily sharing their harvest and the fact that, you know, in the United States a lot of our farms have kind of been dormant for for a while because of the way it we were overproducing. Now we kind of need to overproduce...

...because we are going to need coming up to supply food for more of the world than we used to, and hence you'll see that, you know, when if we talked about the CP I, or the Consumer Price Index, one of the biggest components moving higher our food prices. Well, there's a reason for that and I just described the reason for that. But a I, a I, could potentially really help in terms of increasing crop yields. There's also ai that works in terms of how shipping happens and making it more efficient, much more efficient than that human could do fast enough, uh, in order to make make a real difference, because computers can just they can look at millions pieces of data so much faster and put it all together, and it's all that's fascinating. It's really, really intriguing when you think about what we're able to create or discover. Let's they discover, because nobody's created a we've just discovered it. God created everything, right, but to figure this all out and to put it to good use and say, well, here's how we can apply it, and to be able to not be afraid of it but to embrace it, and talk to people like John at Guardian Rockwell who I mean. They think about these things, they study them, they read it, they can discuss it, they can see how the trends are coming and where it can benefit and that's why having somebody like you in your corners is really important. Yeah, and I think it's important to that, you know, for the people who are scared of it is. You're right. I actually wrote a paper on the roaring two thousand and twenties, much like the roaring roaring nineteen twenties. People are having a hard time with that right now because, much like sometimes during the roaring nineteen twenties, the...

...economy is not real great right now, but at the end of that decade, oh my goodness, because of why all the innovations, well, the innovations that we're seeing now, compared to what we saw in the nineteen twenties, are far in a way more impressive in terms of the difference that they can make and are making and are going to make in our lives and our productivity. And I think back then it was all about all robotics are taken away all our jobs and you know, we need to fight against this. And you know, we could fight against AI and all the innovations that are coming, but that they're coming and what they found a great story. So when IBM s Watson beat the greatest chess player ever, he became that gentleman Russian gentleman. I'm trying to remember his name, I can't think of it right now, but he became almost depressed and kind of went away for a while. Nobody heard anything about him. IBM contacted him and what they found, long story short, was that when he actually came and he worked with Watson the computer, that Watson could beat him, but when they worked together, key and over, Watson could be just the AI. So humans augment artificial intelligence. At least at this point and for the foreseeable future, artificial intelligence, used correctly, benefits from the human input, because artificial intelligence hasn't learned to truly, I think, for itself that's fascinating. It seems like it does, but it needs our help. It does need our help. Ye, at the end of the day it's it's a computer still at some level garbage and garbage out, and that's it's just fascinating to see where this...

...is gonna go. I'm sure we'll be talking about this in a year or two years or five years and you'll probably have a different name and they'll probably be something new coming along. That's not even that's just now being discovered, and that's okay. That's the joy of all of this, and that's why John and his team at Guardian Rockwell study all this and think about all this and and write papers on all this so that they can counsel and guide you for your specific situation. So why we don't give counsel an advice on this podcast? But John can do that individually with you when you reach out to him at Guardian Rock Wealth Dot com, or pick up your phone and text the word life to twenty one thousand and you'll get John's contact information, ways to reach out to him, a way to get a copy of his number one Amazon best selling book and just start learning who he is so you can have dialogues with somebody who's very, very smart, intelligent, understands a lot of this and can be in your corner to help guide you to build a life, not just a portfolio. So, John Browning, this is really interesting. Um A, I outside the Bible. This is very cool. Thanks for sharing with us. I look forward to another great episode coming up next all right, looking forward to it as well. We see you next time. Money really is a big part of our lives and John Browning can help you and your family learn how to keep money in the proper perspective. It's important, but it's only a tool that can help you build the life that you want. If you like, John Emeli a free copy of his book build a life, not a portfolio, go to John's website, Guardian Rock Wealth Dot com, and click the contact to US link and send your request. John Will Mell a copy of his book right to your door absolutely free. Thanks for listening to building your life podcast with John Browning. Be Sure to subscribe to this podcast so each new episode will be sent to you automagically when it's released. Have a terrific day. Nothing in this podcast should...

...be construed as personal investment advice and past performance is no guarantee of future results. Investing is not appropriate for everyone. There is a risk of loss associated with investing in the markets. No representation or implication is being made that using any methodology or system will generate profits or insure freedom from losses. Please remember that investing carries risk. Guardian Rock Wealth LLC and its affiliates are fiduciary investment advisors. Please consult with US or another experienced, qualified investment advisor before making any investment decisions and or trying to implement any of the strategies and tactics we may discuss in any of our publications or podcasts.

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