Digital Social Hour - How AI Saved Me From an $80M Financial Disaster | Pavan Agarwal DSH #668

Episode Date: August 26, 2024

🚀 How did AI save Pavan Agarwal from an $80M financial disaster? Tune in now to uncover this mind-blowing story! In this episode of the Digital Social Hour, Sean Kelly dives deep with Pavan Agarwal, creator of Angel AI, as they unravel how AI isn't just for tech enthusiasts—it's a game-changer in the financial world! 💡   Join the conversation as Pavan shares jaw-dropping insights into his spiritual journey and how AI leveled the playing field for minority borrowers. Don't miss out on this eye-opening discussion about the power of AI, spirituality, and innovation. 🌟   Packed with valuable insights, this episode is a must-watch for anyone curious about AI's impact on finance and personal growth. Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more on the Digital Social Hour with Sean Kelly! 🚀   #AiTechnology #AiFinancialTools #DeclineRatesMinorities #MoneyManagementAi #AiInFinance   #FinancialInnovation #DeclineRatesMinorities #RealEstateAi #AiTechnology #MortgageProcessAutomation   CHAPTERS: 00:00 - Intro 01:02 - Pavan's Spiritual Transformation 02:18 - Pavan's $80 Million Margin Call 05:56 - Pavan's Childhood and AI Journey 09:12 - Discrimination in Lending Practices 11:54 - Upcoming Features of Angel AI 13:44 - Credit Score Requirements for $500k Mortgage 17:15 - Revenue Model of Angel AI 19:44 - Steps to Become a Multimillionaire 25:08 - Future Trends in AI Technology 28:56 - Overview of Cryptocurrency 33:14 - Introduction to Angel AI 2.0 36:56 - Giveaway Announcement 38:00 - Mortgage Qualification Criteria 39:51 - Outro   APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [e-mail]   GUEST: Pavan Agarwal https://www.instagram.com/pavanagarwal_ai   SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly   LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

If you're a minority borrower, let's say you're a black borrower, Mexican or Asian, the decline rate is like more high. So this is based right off the government data. For every two black borrowers that are declined, one should have been approved. And for Hispanics, something like every two and a quarter Hispanic borrowers that are declined, one should have been approved. It's not just about race, because for white borrowers, for every four that were declined, one should have been approved. So it's really about culture. All right, guys, we got the creator of Angel AI and the president of SunWest Mortgage here today, Pavan Agarwal. Thanks for coming on, man.

Thanks for having me, Sean. Of course. And we got Oak Suwan co-hosting today. What's up, guys? It's been a while since I've had a co-host. I know. That's awesome. Thanks for having me. Thanks for bringing Pavan too. What's up guys it's been a while since i've had a co-host i know that's awesome thanks for having me thanks for bringing me on too what's up oak doing great man doing great how are you i'm awesome and i just i left his i love the new oak i've known oak for years and and he's found like become so spiritual he's in shape and just like you could feel his energy coming out of him all the time now yeah you've had a bit of a

spiritual transformation oh man it's been a it's been a trip brother yeah yeah and i know you're big on spirituality too yes i mean being indian raised in a hindu household is from the day we're born we're taught spirituality really yeah wow so what were some things you were doing growing up um well we have a ritual like my parents like every morning we had to do, you know, uh, meditation prayers. The Hindi word is puja. And we just like did that my whole life. And I gotten sloppy now I've gotten older and I was always an excuse. Now there's always an excuse why I don't do it, but I, I need to do it when I'm doing it. Okay. The advantage of doing meditation every day is that your mind goes into another plane.

And it stays there the whole day. And when you're in that other plane, you get to see, you see everything. Like you don't, if I'm in the other plane, I don't just see this mic in front of me or see you guys in front of me. I see all of Las Vegas. I mean, I see all of America. And I can see just everything sort of falling in place and I know what to do. And I just follow the instinct. Yeah. Yeah. It's good to have some sort of spiritual practice, I think. And a lot of successful people step away from it. Yeah.

They go all in on money, right? Yeah. Speaking of money, I heard that you had an $80 million margin call. Yes. They made a movie about this called The Big Short. So being in the financial services industry, we were deep into mortgages and that whole stuff that happened back in 2008. Now, the good news is the philosophy of doing option arms and that kind of stuff, the products I got that created the problem,

it was so against my dad's philosophy because he always believed in doing the right thing for the customer. And those kinds of products are bad. But when the market collapsed, the good loans that we're doing, the government loans, you know, that were backed by Freddie and Fannie and HUD, those, even though they're good solid loans, they dropped in value. Okay. So we got an 80 million dollar margin call from deutsche bank in like one day and and all we had was less than 10 million in the cash in the bank and we had personal guarantee so in a moment we could have lost everything the whole life's work wow 40 years of work i know and saving and putting together could have been gone in in one moment and you

were able to save that deal so they gave you no heads up about the margin call? Yeah, because the market moved overnight. We had loans ready to sell that were yesterday valued at 5% over to 30%, 40% under. Wow. Right. And it just happened like that. And we got the margin call. And it was literally my spiritual practice that got me through it. Really?

Yeah. So, you know, it was just a moment of clarity. I had some, thankfully, I had some relationships at UBS, another banking firm. And I call them up, went there, honestly told them what the situation was, and they took the trade. They took me out, okay, on my word.

And which was really, you know, incredible, right? I mean, this is a hundred plus million dollars. On your word? On my word. Wow. Right, because there was no time, right? It had to like happen on the moment. So there's $150 million of collateral lending to move

and they wired the money without any contracts. Holy crap. Yeah. I don't know about you, Sean, but $100 million, right? I think I could get maybe a million on my word, but that's a whole other level. Yeah, and the thing is, actually, I can't take the credit for it. It's not really my word.

It's my dad's word, right? And I was really, you know, I was riding those coattails because he had been working with ubs since it was pain weber and that reputation followed through right and and i had taken over the relationship managing that account for years and so it continued and then the trust continued so ultimately there's a lesson to take away here for everybody is there's nothing more valuable in your life than your word and your reputation right because once you break it you can never get it back that's the one thing you can never fix wow right so you don't deal with any liars uh i hate life we have we have a saying in my company that lying is an act of violence wow damn i like that lying is an act of violence.

Wow. Damn. I like that. Lying is an act of violence. Lying is an act of violence, especially in financial services. When you're dealing with other people's money, and if I lie for my own profit, that means somebody else, I've just stolen money from somebody else. Wow. So what's the difference of holding a gun at a bank teller and taking some money or lying and taking some money? What's the difference?

That's why lying is an act of violence. Wow. That makes sense. So from the real estate stuff, you got into AI after that? Well, no. Actually, I got into mathematics, AI, and computer programming since I was like 11 years old, 12 years old. Wow. Prodigy. Prodigy, yeah. You're making me blush now.

If I wasn't so dark, you'd see my face turn red. No, actually, so like, you know, typical immigrant story, right? I mean, came to this country, literally $100. So that's all the government in India will let you take out back then. So my dad has $100. And so we're living in a one-bedroom apartment in LA. You can imagine how that's like.

So grew up selling. My mom was working at an electronics factory and then come home, sell Avon. And I used to go with her to sell Avon. And I got a funny story about that because, you know, when you sell Avon, you have those Avon bags. Yeah. So we can't afford to spend money on anything, right? So when I'd go to school, my lunch would be packed in an Avon bag.

Really? So all the kids would make fun of me because here comes Avon lady. I didn't care. You know, like, so what? It's just words. Yeah. So, I mean, it went from there and then going door to door, selling Avon, going door to door, farming.

You know, they both had got their real estate license and were farming and knocking on doors, right? And then buying houses and cleaning houses. And then we started the mortgage company. My father started the mortgage company in 1980. And right after he started the mortgage company, the government passed this regulation called the truth in lending, where you have to disclose what's called an APR,

a cost disclosure to the borrower. And that's where he came to me and he said, you know what, I'm tired of paying all this money. You figure out this formula. And the formula is basically a 360-degree polynomial. And I'm going into words that are kind of funny. But the point is that this is the same kind of math that goes into artificial intelligence.

There's a long-winded answer to your question. I'm 12 years old and he says, go figure this out. You can do it. So I didn't know any better. I mean, I didn't know that PhDs in mathematics couldn't figure this one out. So I figured it out.

Wow, at 12. Yeah. And I wrote the software in Microsoft Basic on a PC and we were generating these truth and lending disclosures. As a 12-year-oldures as a 12 year old. As a 12 year old. Yeah. I was sitting there playing in cardboard boxes,

bro. I was playing video games. Yeah. That's what I was doing at 12. So I'm, you know, I'm, I'm like,

I, I, I'm like blessed. I, God blessed me to have, uh, be able to understand math and numbers and blessed me to be involved in real estate.

So I got the best of both worlds. I learned both disciplines. And so by knowing both of them, you know, my dad always used to tell me, he's like, hey, go, you figure that one out. And I automate the whole thing. He says, make the whole mortgage process, the whole real estate process simple and easy so we can help more people. Because there's so many rules and complexities to it but but it's all paperwork

and who likes doing paperwork you like paperwork man yeah so so you were telling me earlier which is interesting when i was talking to sean that if you're a minority borrower let's say you're a black borrower mexican or asian uh the decline rate is like more high so what is the decline rate for like let's say a black person? Yeah, so this is based right off the government data, like real data. And there's an analysis out there where for, let's say a black borrower, right? For every two black borrowers that are declined,

one should have been approved. Whoa. Crazy. Yeah, and for Hispanics, something like every two and a quarter Hispanics, Hispanic borrowers that are declined, one should have been approved. Wow. It's like have been approved. Wow.

It's like racial profiling. Yeah. What about us Asians? It's like for every 2.75 or something like that, one should have been approved. Damn. We have a 7.5, bro. But you know what? It's not just about race.

Because for white borrowers, for every four that were declined, one should have been approved. So it's really about culture, right? The way financial services are written is designed for people who fit the mold, who fit the vanilla culture mold. And if you manage your, if you, if you grew up in that culture and you understand certain things, right. Just like I grew up doing, you know, prayers in the morning and learning about spiritualism, and learning about spiritual life and so forth. If you grew up in a family that has this culture of finance and you learn it automatically, then you fit the mold. It doesn't necessarily make you a more qualified borrower.

It's just that you fit the mold to which the guidelines are written to. And so when you look at the racial disparity, you'll see that certain races fit the mold better which the guidelines are written to. Wow. And so when you look at the racial disparity, you'll see that certain races fit the mold better than other races. But it doesn't mean they shouldn't be getting the credit. Right. And it all boils down to because everyone hates paperwork. Are you culturally more adept at doing paperwork

or less adept? Okay. So that's why I built this AI using all this mathematics that I learned, as you say, as a prodigy. Make me blush again. So all this mathematics, I said, let's build the AI so that you don't have to do the paperwork.

Let the AI do everything. You just tell it what you know and let it do all the paperwork and figure out everything and then give you the approval. So when we let the AI do it, okay, and it connects the DOS and figures it out, then for those two, say, black borrowers that were declined, when they go through the AI, one of them actually gets approved.

Wow. So we were able to drop those decline rates so that black borrowers get the same decline rates as white borrowers, and white borrowers get the same as Asian, and so forth. Incredible. So you solved a massive problem, and that's what angel ai does that's that's exactly what angel ai does but it does a lot more than than just approve you for for a loan um so in in the next quarter we're rolling out uh credit repair again goes back to what the elites call financial literacy wow you're doing credit repair how much does that cost someone to get their credit repair?

Well, that's the beauty of AngelLayout. Everything is free. People pay like 5K for that right now. Yeah, it's like, yeah, at least. Because you end up paying $200 to $300 an account that you're trying to fix. So the elites call it financial literacy because they want to blame you.

They're trying to say it's your problem when it's really their problem because they set up a system that's so complex. Right. Okay, so you know what? I'm not going to go fight the elites. What I'm going to do is give you a tool. I want to help everyone.

And it speaks to the spiritual lessons that I've learned is if I start by helping you, if I start by giving you solutions, God will find a way to give me money along the way. It'll happen. I don't have to worry about how I make money. I don't worry about it. Let me just help you. Let me help people who don't understand how the system works because it's so complicated. Let me just build an AI. So you just tell it what your situation is. Let it take care of the rest. So we're rolling out this quarter.

It'll fix your credit for you for free. Wow. And before next tax season, everyone just finished filing their taxes. And we were talking about that before the show. It is before next tax season. It will prepare your tax returns for you for free. Dang.

I'd pay a lot for that too. Yeah, same. Usually hit up Angel.ly. Yeah, because it was designed for the most difficult, complicated financial product that exists in the universe, which is a mortgage. So it knows how to read your tax returns. It knows how to read your pay stubs, your W-2s, everything. It knows how to read all your financial documents. It keeps them straight.

So having it generate the tax returns, piece of cake. Right. So let's say people watching this want to qualify for a $500,000 mortgage. What credit score would they need? Well, because here's what people don't understand. You don't need an 800 credit score to do that. The government guidelines let you go all the way down to 500 credit score. Wow.

Yeah. So most people don't understand that. Most people think you need to have a lot of money in the bank. You don't. If you're a veteran, people don't understand that. Most people think you need to have a lot of money in the bank. You don't. Right? If you're a veteran, you don't need any money. Right? And if you go with an FHA loan, you only need 3.5%,

which is about $16,000, $17,000 on a $500,000 house. Yeah, that's nothing. Yeah. Wow. So all you do is you go to askangel.ai and start telling her everything about yourself. And you just talk to her like you talk to a real person. And now the big advantage of talking to an AI as opposed to talking to some loan officer you find on social media, right?

I mean, you find a lot of people, this is how they shop for a house or a mortgage, right? And a half a million dollar house and whoever you find on social media you're going to do that transaction with or you're going to trust them with half a million dollars that you're locked in for 30 years right yeah i mean you wouldn't even um marry some you know you wouldn't even get into a relationship with somebody that you just found on social media yet you're willing to make a 30-year commitment with people you find on social media you know i think about to make a 30-year commitment with people you find on social media. Think about how messed up the market is.

That's crazy. And they make a commission too. And that's the biggest problem is that the person you find on social media is going to say and do anything to make that commission from you. Whereas the AI doesn't care about making the commission. It's just trying to help you. It's going to give you real answers.

It's not, you know, it's just a computer. It's not working for commission. And because it's all computerized, ultra low cost, you're going to get a great deal from it. So as a minority, I'm getting premium pricing. It's easy. I don't have anyone judging me because I forgot to, you know, pay a credit card bill 10 years ago or whatever it was.

Yes. Late payment. I had a late payment on my Hyundai Elantra. And my score dropped like 150 points for a $200 payment. Yeah. I mean, that's a good point about minorities being judged by the loan officer. Because that's an old loan officer trick. Yeah.

Because what they'll tell you is like, you know, especially for minorities, it's like, oh, I don't know if I can get this approved with the bank. Might have to charge you another $500 or something like that. I mean, this is an old loan officer trade. They get more commissions and stuff. They get more commission. I had a loan officer guy that, you know, he was probably as smart as a rock. And the guy was driving a Ferrari because he made so many commissions selling these loans.

And he didn't even know anything about the process. And I'm like, wow, this is amazing. That's crazy. And the loan's interest rate too, right? Yeah. Yeah. So if you're working with a loan officer who's who's posting flashy stuff on on social media with the Ferrari this and that it's run away yeah red flag run away use AI because there's no emotional involvement

or human greed exactly it's going to be logical exactly yeah you get toilet paper from Amazon you don't need an opinion right yeah AI is just going to do whatever looks best number-wise, right? AI is going to, really is going to do whatever is best for you. Yeah. Because it's going to take your information, and you give it in any order. It could be completely disorganized, right? And that's how most people have their paperwork. It's in a drawer someplace.

You just grab it all, drop it in. It'll figure it out. And then it'll compare it against all the different products. It's got like almost every mortgage product out there. It'll figure it out and it'll tell you, okay, here are your options, right? And it's not incentivized by commission. It doesn't own a Ferrari.

How do people qualify for Angel AI? Do they have to be a US customer? Yes, Angel AI, so you're going to ask angel.ai. It's only accessible from US territory at this moment. Oh, wow. And do theyangel.ai, it's only accessible from U.S. territory at this moment. Oh, wow. And do they need a certain, like, is it a pricing tier? How does it work for? No, it's just completely free.

Really? I mean, you have to be 18 and over. So how does Angel.ai make money then? Well, it makes money. Number one, it starts by helping you. Number two, if you continue forward with Angel.ai, and you say, you know what? Okay, I'm going to go ahead and give me the financing, then my financing company will give you that loan and it makes money by providing that service. But you can go, anyone can use Angel AI and do it end-to-end, okay, completely for free and have it organize your paperwork and figure everything out for you. Even do the credit repair,

even even use it to prepare your tax returns for your 2025 tax filings. Many more services we're rolling out this year. Like it can give you credit card approval. It can give you online banking, student loans, a whole bunch of stuff for coming out. But the point is you can, it'll do all that for free and if you say you know what i'm gonna go and do financing with somebody else that's fine you know god bless you dang you're saving people tens of thousands and time and time and frustration and the biggest thing the people my customers and we've done over 200 000 transactions through angel ai wow so this

isn't a new product right there's a lot of companies coming out these days that are saying, I'm an AI first company. Yeah. Yeah. AI has been around for a while. Like you said, you were doing it at 12. Yeah, exactly. Exactly. So, I mean, the first version of Angel AI came out in 2018. And then we put a warranty on it that a year later, because it was so good, we put a warranty on it saying that if Angel AI says something that's incorrect, right, I'll write the check. That means if Angel AI said, Sean, you're approved for half a million dollars, but it messed up and did the calculation wrong, and maybe you're only approved for 300,000. Yeah. Okay. I would fund that loan at half a million and hold on to it. Because now I got a loan that no one, you know, is not eligible for. Has that happened to you before where it messed up?

It's messed up four times since 2019. Wow. It's only once a year. That's pretty impressive. Well, actually, it's less than once a year because that was really the first 18 months of that warranty coming out. Oh, God. It hasn't messed up after that. Wow.

That's pretty impressive. Yeah. What a policy to have. That's confidence right there. So, Bhavan, you're a multi-multi-millionaire and he's super humble, right? You can just tell. For those that are inspiring, like what are three tips or three unlocks to be that multi-millionaire? That's a really good question.

And the most important thing, and I actually put this message on my Facebook yesterday, is when you think differently, when you think out of the box and have new and fresh ideas and everyone's going to say you're crazy. And when I was growing up, what I wanted to do with automation and build the AI and so forth. I mean, it's just been like, I started literally building it in the eighties and got it into production in 2018. Think about how long that is. Right. And so you got to just stick with it. The only person who believed that I could do it was my father. Even my mom didn't believe this. She's like, you're wasting your time. Like, why are you spending your so much time in front of the computer? Yeah. Right? Like, you got to do something else. I'm like, no, I know this is going to work. Right?

So, you know, for 30 plus years, kept chopping away at it. Yeah. And kept trying to make the algorithms work and so forth. Right? And that process, you know, we've generated 60 plus patents. And we built our own AI. It's like a novel AI model that is not chat GPT or anything else. I mean, it's truly novel.

And that's why we're able to have an AI that for finance, it can give an answer that's 100% right. That's awesome. So believe in yourself and then stick with it. Stick with it. And what are the two other things?

Well, you know, write down, I wouldn't even are the two other things uh well you know write down i wouldn't even say believe in yourself it's know yourself and that's that's a lesson took me a long time to to to learn and understand because when you don't know yourself you're gonna get swayed like instead of 30 years i could have had this done in 10 years. Wow. Okay. But I went off the path so many times because I didn't take the time to write down what is it about myself? Who am I? And what are my goals? And what is, why did God put me on the earth? Right? There's a reason God put me on the earth. The poverty I came from as a child to get to this point, This isn't my work. This isn't my father's work. This is God's work. I mean, it's like, I mean, how many people are blessed like this? And how many, you know,

it isn't, this was a blessing because I'm supposed to do something with it. And so I got to write that down. What is it that I'm supposed to do? Again, if you stop, meditate, think calmly, then don't let your ego, don't let your pride get in the way. Write that down. Okay. And now once you write that down and you stick with it, and then you'll never get off the path

and whatever your destination is, you'll get there 10 times faster. Purpose, right? Yes. That's major. Aligning with your purpose. It takes people lifetimes to figure out. It took me 45 years and I'm still learning.

It took me 26. And that's early, I feel like, for most people. Yeah. This podcast is definitely my purpose. Yeah, it sure is. But some people never find theirs too. Right. I've seen people on their deathbed die with regrets.

So sad. Super sad. Yeah. But I'm glad you found it, man. Yeah. You know, hey, I have regrets. There are mistakes that I've made. I'm sure there's mistakes everyone's made in life.

There are regrets. You can't undo time. You can't go backwards. So the only thing you can do is say, okay, you know what? The mistakes I made, if you've hurt anybody along the way, I know I'm going to have to write that check. That check's going to come due one day. I'm going to have to pay it back.

Karma's a bitch. Yeah, you got to pay it back with interest. And that goes back to how we started with your father. He only put out good energy, did good deals, and that's how you guys were able to save the company too. The one thing interesting about my father, which the lesson until the day he died, he tried to teach me this,

which is he says, when something goes wrong, when you think someone's hurt you, right? Like maybe someone took some money from you or whatever, didn't honor a deal. He's like, show them more love, right? Because it isn't that person that's taking from you. It's God that's taking from you.

God's trying to teach you something. Wow. And that person is just the hand of God, so you need to love him more. Wow. That takes a lot of mental strength, I think. Wow. And that person is just the hand of God, so you need to love him more. Wow. That takes a lot of mental strength, I think. We talked about that yesterday. And, you know, he didn't just talk the talk.

He walked it. I mean, I saw him do that every single day. Yeah. And I saw people be so mean and nasty to him, but he just embraced them with love. And then I didn't understand it growing up, and I thought, you know, you're just letting them use love. And then I didn't understand it growing up. And I thought, you know, you're just letting them use you. Right. But now I look back and it especially hit me after he passed away,

like you were right. Wow. Sorry, it gives me a little misty thinking about my dad. No, that's deep because when you get wronged, it's easy to react emotionally and be angry and sad. It's not that person wronging you. It's nobody wronging you. It's not that person wronging you. It's nobody wronging you. It's just, it's karma coming back to you.

It's God saying, hey, you know, you got to teach, right? You got to learn something. Wow. That's deep. Yeah. And it's hard, man, because there's some people out there. You're just like, ah, right? Introspective though.

Yeah. Because you get scammed. You feel like you're the victim, but maybe it's karma. It's God teaching you. Yeah. Yeah. Wow. That's deep, man. I don't i don't know let's change i'm getting emotional thinking about my dad right now so where do you see ai going in the future uh you know this is gonna sound really scary

for a lot of people but it's like i've seen the whole evolution from where it was so in the 80s to now yeah um a lot of it is fundamentally the same basically the same you know algorithms are there it's just gotten faster and smoother um but because of how far it's evolved, most of what you do today as work, what you think is work, between the combination of artificial intelligence and 3D printing and new energy sources, there's no work left to do. Whoa. the there's no work left to do whoa right work is the what you think is work today is not work anymore right the the work that's going to be left to do is creative work thinking work right getting getting getting into meditation and seeing the multiple dimensions that are out there and

tapping into that and then saying okay how do I apply this energy into making a better world? Okay. So the real work is going to be internal within you. Okay. And I don't think the world is ready for this, right? There's a fundamental change in society is about to happen. Right. And right now, like, it's all in the news, like inflation, you know, come out high. Last week, the inflation numbers came out higher than expected. And everyone's worried about, okay, you know, how long is this going to continue? My position on this is actually inflation is going to crash.

It's going to crash hard as AI comes into place because it's going to build and create everything for us. Wow. Let me ask you this. Everyone's saying move out of the United States because everything's falling apart. What are your thoughts around that? Oh, no.

Heck no. I love my U.S. passport. U.S. is still the best place to be. It's simply because, and I'm going to say it's kind of controversial, but simply because it's got the biggest military by a factor of 10. Yeah. Right? And so why are you really, when you pay those taxes and you have that U.S.

passport, what are you paying for? You're paying for that protection. Right? So, and it's still the freest country you could be in. We can talk about all the different reasons why it's not free. There's like three organizations, three companies.

We'll stay nameless. Yeah, let's not get sued. The three companies that basically own everything, Microsoft, Pfizer, J.P. Morgan, Apple, they're owned by a couple of companies. Yeah. Right. Yeah. So you can say like our freedoms are getting chipped away because a handful of monopolists are trying to own everything. Yep. But still on a relative

basis, you still have more freedom here than anywhere else. Right. And there's enough freedom here where, where things like blockchain and crypto technology, where distributed finance, right, and the stuff that I'm doing, right, can actually get done. I put AI and blockchain together, so now we can actually create a delivery, a financial delivery system that's free of the big banks. Okay. big banks okay and at least it's free enough where they're not coming down and throwing me in prison yeah right for for building something like this i've had banks shut me down just for doing crypto transactions yes huge banks wow yeah they're really against crypto right so for you guys you're both you know very knowledgeable in the finance and crypto space so crypto is that an invest for q4 or is that a hey let's let's move on to the next?

I'd love you to go first on that one. Okay, well, I don't own any crypto. So I don't believe in the concept of a cryptocurrency. Wow. Okay, so I never invested in crypto. But I do love blockchain technology. So there's two different, you know, blockchain technology is like the underlying tech

that makes crypto possible. So I think financial transactions on blockchain technology, what it does is it disintermediates the banks. And if you want, if you look at the world today and you say, hey, you know, there was a crisis in 2008. And before that, it was the Asian currency crisis in the late 90s. And then now we're going through another banking crisis. We have so many banks that failed in the last two years with inflation. And then we had what's happening today. It happened

in the 80s with home savings going down. And every time there is a financial crisis, you know what happens is the banks that fail all get gobbled up by JP Morgan. So you're getting more and more wealth concentration into the hands of the few that the elites are controlling more and more. So it's almost like if you were to just look at the data fast, just look at history and you say, hey, aren't these bubbles and these booms and bubble bursts all result in one conclusion, which is a couple of big banks end up owning everything. It's almost like, I'm not trying to be a conspiracy theorist or something, but you

look at it and it feels like, hey, you know what? Every time these things happen, a couple of big banks benefit. Right. Right. So why don't we take those powers away from those people? They can't stop us from using blockchain technology. They didn't invent it. You know, Satoshi, Vitalik invented, you know, Satoshi's paper and Vitalik with Ethereum.

I mean, these guys, these geniuses created this ability to, for us, for me and you, to transact with each other securely without going through a bank. Yeah. Right? And that's what blockchain does. All right? So if I can avoid the banks and transact with each other, okay, then they can't stop us. It's quicker.

There's less fees. Well, first, and then we're free of the elites. We're free of control. And that's what I like about cryptocurrency. That's the concept is that, hey, you're free of the Federal Reserve System and so forth. But what I don't like about it is there's no nuclear weapons to protect your money. Yeah, that's true. Right?

Ultimately, with the stroke of a pen, the government can make it illegal and they can track. They did that in China. Yeah, exactly. And they have enough computing power that they can mess up the chains. So they can disrupt the miners and take it over if they wanted to.

Yeah. Frozen cost, everything. Yeah. Right. So if they really wanted to mess with you, they could. But that's why I say America is still the best place to be because crypto is still allowed in America. They still let you do it. Right.

They're not messing around with it. They're letting citizens be citizens. Right. They chip away at our freedom, but they haven't taken it away, right? And there's still enough room for people. You know, it's still a country where an immigrant can come to this country

with $100 and build, you know, I could build on my own a full AI company and a financial services company. Right. And they're leaving me alone. Right. And I've actually built an AI that actually challenges the status quo. Right. That you don't need the big banks anymore with this AI,

especially with AI and blockchain combined together. Right. And it's all private. Right. They don't have any hooks in me it's all my money right okay so at least hey america you could do that i don't think you can do that in china no definitely not okay so here's something that's really exciting that's this coming on the uh on the verge so we it just went into quality control review and then probably about a quarter afterwards so we're thinking late

summer the next version of angel ai it's a very novel technology we modeled the whole brain of angel ai is novel after biology so it's it's modeled after cells coming together human like brain cells coming together and talking to each other so the next version the ai is going to be able to create new brain cells on its own okay so it's like robots creating robots in a way but it's like micro robots little little it's like the iron man suit with all these little nanobots come together and they build something uh collectively so that's that's the next version of angel ai so what that means is, and it goes back to what I was saying earlier about life is becoming where there's very little work to do. So now once that is complete, one engineer, right now I have like over 400 engineers that work for me that's building Angel AI. Now one of them will be able to be as good as 100 engineers.

Wow. Wow. Wow. Because now all they have to do is direct how these cells are automatically generated and created and make sure they're going in the right direction. So imagine that. Imagine one engineer doing the work of 100 engineers. So this is one of the reasons the elites want to control AI.

And it's why Microsoft took over OpenAI's ChatGPT and why Elon Musk is suing Microsoft. Because ChatGPT and OpenAI was a nonprofit. It basically belongs to the public. How can a private organization take over a nonprofit's intellectual property? So Elon Musk is suing. Okay.

So I founded another nonprofit called InnovationConnect.ai. So I founded that nonprofit, and we're having many big name members joining this nonprofit. And we're actually filing an amicus brief. The nonprofit is filing an amicus brief supporting Elon Musk in that lawsuit. Wow. Because we want to keep AI free.

All these algorithms are almost all in the public domain. Okay. There's no reason why anyone can't just start an AI company. And now if you think about what I just did, what I just explained where a bot can create another bot. Okay, and one engineer is now as good as 100 engineers. That means anybody can create a massive company to solve big problems on their own. One engineer who understands AI can be as good as 100 engineers. I mean, they can create and solve big problems on their own.

And don't you want that freedom for everyone to do? Okay. All of us, that's what we want. But the mega corporations, the big tech companies, the big banks, they don't want that. They want to control it all right right and especially those three companies will remain nameless who actually are the big are the big investors behind all these other companies yeah right so so so that's why it's important and and that's why i feel blessed that i had this background in finance and mathematics so i can build this and not have to be dependent upon these other mega companies that could take it away, take the freedom away from everyone else.

Absolutely. Can't wait to see that come out. Oban, it's been great getting to know you. Anything you want to close off with or promote before we wrap up? Yeah, I mean, I love for you. Oh, really? Oh, yeah. Oh, yeah we're gonna do a little giveaway yes let's do a giveaway yeah so people have to follow you to enter right so we'll link your page yes yeah so follow me on um my instagram is pavan agarwal underscore ai okay it's a p-a-v-a-n a-g-a-r-w-a-l underscore ai yeah that's my instagram. And follow me and send me a DM with your name,

name, phone number, email address. And if you're interested in poker, I will sponsor you for the, what is it? World Series of Poker? World Series of Poker.

Yeah, that's coming up, right? Yeah, that's coming up. And there's other poker. Wow. How much is the entry fee for that? $10,000, right? For the main event. $10,000.

You guys heard it here on the Charmin Michael Kelly podcast. And you got to wear an Angel AI shirt. Yeah. Yes. Cool. You got to be branded and be branded with Angel AI all over. Top to bottom, just like me. But it's a cool brand.

Yeah. And so we'll sponsor you for poker, for the poker tournament. Second, if you go to askangel.ai and start chatting with her, and you can give her your financial information, and she can qualify you, give you advice, answer your questions. Now, one thing you do need to know about Angel AI, because she is always right. She's what I call 100% trusted. You go to askangel.ai and give her your financial information, and she will tell you how much you askangel.ai and give her your financial information and she will tell you how much you qualify for you can ask her financing questions what this means that means

one thing about her because she's always right okay she sometimes may take a little longer to answer a question so she doesn't necessarily come back like on that instance it might take 30 seconds or a minute to come back to you with an answer. But when that happening, so it's what we call augmented intelligence. So it's humans and machine coming together. Wow. Okay. So the Air Force just came out with a paper

and they made a statement about a month, two months ago that basically is that the future of artificial intelligence is human and machines work together. So in the battlefield. That'd be cool. Right. So there's still, that tells you how far away artificial intelligence has to go

before it completely takes over everything. Okay. So with Angel AI, it's the same thing because it's not the battlefield here is your finances. We want to make sure that it never gets it wrong. So when the confidence is low on what the AI has figured out, then a human gets involved and it adjusts the decisioning process. Got it. Right.

So you can look at, you can Google the term artificial, sorry, Google the term augmented intelligence. It's like a leading edge science in artificial intelligence is what we've developed. That's cool. We'll link it all below. Thanks for coming on, Pavan.

That was fun. Thank you. Thanks, Pavan. Bye-bye. Thanks for watching, guys, as always. We will see you next time. All right. See you guys.