Everyday AI Podcast – An AI and ChatGPT Podcast - EP 123: Will AI Be More Impactful Than The Internet?

Episode Date: October 16, 2023

AI is often being compared to the arrival of the Internet. But will AI be more impactful than the changes that the Internet brought? Today we dive into how AI has and will affect society on every level and the lasting effects it'll have compared to the Internet. Newsletter: Sign up for our free daily newsletterMore on this Episode: Episode PageJoin the discussion: Ask Jordan questions about AIUpcoming Episodes: Check out the upcoming Everyday AI Livestream lineupWebsite: YourEverydayAI.comEmail The Show: [e-mail] with Jordan on LinkedInTimestamps:[00:00:55] Daily AI news[00:04:15] Comparing AI to the Internet[00:07:38] The Internet's impact vs AI's impact[00:13:00] How much bigger will AI's impact be?[00:17:05] ChatGPT and other LLMs are disruptive[00:19:30] Why people dismiss AI[00:24:20] The Internet led to the creation of AITopics Covered in This Episode:1. AI vs. the Internet2. Understanding Generative AI3.  Misunderstanding of Generative AI4. AI and Job DisplacementKeywords: AI, Internet, OpenAI, revenue, CEO, Sam Altman, generative AI, understanding, ethical implications, job security, misconceptions, jobs, intelligence, AI agents, interaction, information sharing, valuation, Neuralink, FDA approval, clinical trials, dangers, invasiveness, financial crash, SEC, Gary Gensler, Everyday AI Show, perplexing, power, industries, streaming videos, NetflixSend Everyday AI and Jordan a text message. (We can't reply back unless you leave contact info) Start Here ▶️Not sure where to start when it comes to AI? Start with our Start Here Series. You can listen to the first drop -- Episode 691 -- or get free access to our Inner Cricle community and all episodes: StartHereSeries.com Also, here's a link to the entire series on a Spotify playlist. 

This is the Everyday AI Show, the everyday podcast where we simplify AI and bring its power to your fingertips. Listen daily for practical advice to boost your career, business, and everyday life. Meet Firefly AI Assistant, now live in Adobe Firefly, the All In One Creative AI Studio. Just describe what you want to create and the assistant handles the rest, orchestrating multi-step workflows across Photoshop, Premiere Express, and more in one conversational interface. You direct the outcome. The assistant accelerates execution. Will AI be more impactful than the internet?

It's something that I read about it all the time. I hear other people talking about it. People ask a lot of questions. So I wanted to talk about that today on everyday AI. Thank you for joining us. My name's Jordan Wilson. And I'm your host. And we're going to talk about that and a lot more.

But if this is your first time, thank you for joining us. This is a daily live stream podcast and free daily newsletter to help everyday people like me and you, not just understand AI, but how we can all actually leverage it. All right. So, and if you're joining me live, thank you. A couple, couple technical difficulties this morning. But we're ready to get going. So before we talk about if AI will be more impactful than the internet, and guess what,

it will be. But before we get there, I first wanted to talk about what's going on in the world of AI news. All right. So Open AI is eyeing a $1.3 billion year in annual revenue. So recent reports are showing that OpenAI's CEO, Sam Altman, has reportedly said that monthly revenue right now is more than $100 million. And the company is targeting $1.3 billion in annual revenue this year. So this comes after some recent reports valued Open AI at more than $90 billion. So a very, very large valuation for a company that is kind of still new, at least when it comes to commercial products. All right. Next piece of news.

Some former employees of Neurrelink are speaking now about the risks. So in a new article in Vox, some former employees of NeurLink. And Neurlink is Elon Musk companies, which is developing a brain chip. to implement, to help people with paralysis. That's at least what they're saying, you know, kind of the major use case for, but to actually implant a brain chip to help people with paralysis. So the technology could obviously improve the quality of life from millions of people, but it also carries a lot of risks.

So Neurolink recently got FDA approval to run clinical trials in humans. And now, you know, former companies at the former. employees at Neurrelink are sounding the alarm because as tech is getting closer to trials, you know, former employers are now saying that the tech can be dangerous and it is unnecessarily invasive. All right. Our third story of the day is that AI is going to cause a financial crash and it's unavoidable. So that is recent messaging from the head of the SEC, which is the U.S. Securities and Exchange Commission. So the head of the SEC, Gary Gensler, said in a recent interview that it is nearly

unavoidable that AI will cause a major financial crash, either later in the 2020s or early in the 2030s. So within a decade, we are now hearing the head of the SEC say it is essentially unavoidable that AI will cause a financial crash. So some big news here this morning. And thank you. Thank you, everyone for joining us. I know we probably have some weird tech glitches.

So if you're joining us live, that's okay. Still, what are your thoughts? And let's get back to the topic at hand. Will AI be more impactful than the Internet? I'd love to hear what you all think. And I'll try to share some of your comments. But I thought we'd get this, this week started off with some hot takes.

And let me just go ahead and answer. And you can probably guess my answer, but I want to provide some reasoning. But yes, artificial intelligence will be much more impactful than the internet at large. All right. So let's first,

let's talk stats first, right? Before I give you some hot takes and, you know, maybe look into the future a little bit. I always like bringing stats. Okay. So I want to look at two different kind of large scale studies, all right, both done by large consulting companies and financial institutions. All right. So the first one looked at the history of kind of the internet and what it meant to the GDP, right? So for the amount of money, we produce as a company. So this was a report from McKinsey. And it essentially showed that,

you know, the internet now contributes or, sorry, the internet now constitutes about 3.4% of the global GDP, right? But that's after 30 years. So after 30 years, roughly, you know, we're coming up on about 30 years of the internet being available to the general public. So it took about 30 years for the internet to constitute about 3.4% of the global GDP. All right. So now let's look at another study in this one from Goldman Sachs. So this one is saying that generative AI in its first 10 years is expected to constitute about 7% of the global GDP.

All right. So we're talking about one third of the time. AI is expected to be about twice as impactful. All right. Let me just recap that again. 30 years of the internet and it constitutes about 3.4% essentially of what we produce. Right? where generative AI, it is projected to be in the first 10 years to constitute 7%.

So a third of the time twice as impactful as the internet. Right. And it's also important, you know, like who's making these studies, you know, who's giving us this information? You know, I think management consultants in general initially wrote off AI because maybe they saw it as a threat to their business. model. You know, everyone said, oh, you know, generative AI means you're going to have a McKinsey in your pockets. But now, all of these management consultant companies and banks, financial institutions,

they've all made multi-billion dollar investments into the generative AI technologies and AI technologies in general. Because I think they all misunderstood it about what generative AI is and how impactful it can be. So how much more impactful will generative AI be than the internet? Well, let me explain a couple things too. I've lived on the internet most of my life, right? I, you know, even when I was 12 years old, I got a paper out and bought my first computer,

probably when I was, you know, about 12 years old. So that would have been in the mid-90s, right? So right after the internet came out, I've always been a dork, saved up my money, bought a computer, you know, finally got online. So I've been, I've been online, right, for the majority of my life, right? And I think the internet has helped us share human intelligence, right? But the internet did not create anything new on its own. It's just a new road to share intelligence, right? So let's look at AI because AI is changing what intelligence. intelligence means.

All right? Even our current systems are pushing human intelligence. And now we have AI agents as well, right, that are just starting to, you know, kind of come into popularity after they were probably a little, a little too early, early on. But now we have AI agents, which are essentially, if you think of multiple, AIs interacting with each other and sharing information and improving upon different iterations of a project without human intervention.

That's where we're heading, right? Not even talking about artificial general intelligence. We have AI agents that are, again, most of you all probably listening probably don't pay too close attention. I play around with AI agents here and there. But when we look at the difference between the Internet and AI, that part is very important. All the Internet did is it allowed us to share intelligence. AI is changing what intelligence means.

So then I think it's also important to look at what Open AI is even working on. Right? Like we talked about at the top of the show, they're, you know, they're $90 billion. evaluation. They're eyeing, you know, $1.3 billion in annual revenue this year. So they're working openly on artificial general intelligence, right? So what does that mean? That's essentially AGI. And I'll probably have to devote an entire episode to AGI down the line. But AGI is when the systems that we build far out far exceed their their training and they start to make decisions that are outside of what we even trained them for right so now i talked a little bit about

the internet and how impactful it's been and there's there there's no understating it y'all like the internet changed how the world operates but here's Here's what happened. It took, I think, you know, even when we look at the dot com, you know, the dot com bubble in the late 90s, you know, when the internet kind of changed the rules. But it took a very long time, I think, for the average company or the average person to really have to leverage the internet, right? I was working full time as a journalist when I was a junior in high school. You know, I was literally working. I think it was, you know, 37 and a half hours a week as a journalist, you know, in 2002,

2003, something like that. Even at that time, you know, the internet had been widely available for almost, almost a, you know, not quite a decade, but almost a decade. And still companies like, you know, news organizations were like, ah, we don't need to really put anything on the internet. So it took companies, they had this long period of 15, 20 years to adopt to the internet. So when I talk about will AI be more impactful? I shared those stats in the beginning of the show. So essentially, artificial intelligence is expected to be about three times more impactful when it comes to generating revenue.

Or sorry, twice as impactful in one third of the time. What do y'all think? I know we're having some tech delays here on the live stream, but don't worry about it. I'm still looking at your comments. So thank you for joining. Ben with a great thought here. He says, it's more AI and the Internet.

The compute power of AI connectivity of the Internet opens so many doors. I absolutely agree. I absolutely agree. So obviously I'm not alone in saying that the AI is much more impactful than the Internet. But I want to just give you two examples. So in 1995, Bill Gates, then the Microsoft founder and CEO, I believe that was his title at the time, He sent a famous company-wide memo that called the internet a tidal wave that could change all the rules. Okay.

With AI, we're playing a new game. We're not changing the rules, right? How the internet was just changing the rules, right? So now I want to talk about present day. And now I want to talk about another big tech CEO. So Google CEO. Sundar Pichai recently said that AI will be more impactful than the discovery of fire and electricity.

Right? I don't know if any of you saw that. I believe this was in an interview with 60 minutes. We kind of, you know, we reported on it for the day and we all kind of swept it under the rug and kept going. But now when you think of all of these other things happening, right? Look at the power of those words saying AI will be more impactful than fire and electricity. That's not me.

That's not, you know, old man Jordan ranting about, oh, AI is cool. Check it out. That is the CEO of Google, right? Saying that AI will be more impactful than the discovery of fire and electricity. So, you know, you can laugh. And say, oh, okay, yeah, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, it's, that's, is. And speaking of truth. And speaking of truth, I think, even the reason why I thought it was important to have this show to draw these parallels between artificial intelligence in the internet is, is I believe that the average person is comparing the two. And I think it's actually a little dangerous. It's dangerous for us as individuals who are trying to grow our careers.

And it's also a dangerous thought or a dangerous comparison, I believe, for companies as well. Because like I talked about, with the internet, it was this very slow rollout. Because I think the more that we use the internet in the early days, the more we understood it. Right? So then we became comfortable with it and we slowly integrated it into our daily lives into how our company, you know, into how our companies run. I don't think AI is like that, right? I'm someone that uses different AI systems every single day. I've talked to probably more than 100 now on the everyday AI show. I've probably talked to now more than 100 different guests from leaders at the world's largest companies to everyday entrepreneurs, business owners. And I still don't, I still don't feel

even some of the smartest people that I've talked to still fully understand generative AI, because there's a big difference. The more you use the internet, the more you understand it. The more you actually use generative AI, the more perplexing, I think it, becomes, right? Because then we start to get little glimpses here and there of its power, right? This is something all the time, people with chat GPT. You know, we do a twice a week, we do a free class called prime prompt polish. And I had one this past Thursday. You know, I was kind of, you know, do, it's a live course. We teach people, it's free. We teach people the correct ways to use a large language model. And we just go into a little back.

of what large language models even are. And so many people, I remember on Thursday, were like, my mind is blown because I was showing them how a large language model actually works, right? And a lot of times we just go and we use, we use these AI systems. And we just get a little confused. And as someone that's spent now, I should have an hour tracker somewhere. As someone that's spent more than a thousand hours inside just chat GPT,

even still, the more time I spend, the more perplexed I often am. Because the reality is, you know, chat GPT will probably, you know, in a year from now, will be maybe the much less disruptive than I think it is or could be right now. You know, I always go on my rants that I think chat GPT with plugins is probably the most disruptive force that a business or sorry, probably the biggest weapon that a business could be using right now but isn't. Adobe just introduced an entirely new way to create,

bringing the power and precision of its creative suite into one conversational experience. Meet Firefly AI Assistant, now live in the Adobe Firefly app, the all-in-one creative AI studio. Powered by Adobe's creative agent, Firefly AI Assistant lets you start with your vision, just describe what you want and shape the outcome as it takes form with the assistant. The assistant orchestrates multi-step workflows, drawing on 60 plus pro-grade tools across

Adobe Creative Cloud apps, including Photoshop, Illustrator, Premiere, Lightroom Express, and more to help bring your ideas to life. You can also get started with creative skills, a growing library of pre-built workflows for common creative tasks, like batch editing photos, creating mood boards, portrait retouching, and creating social variations. Every step the assistant takes is visible so you can refine, redirect, or take over at any time. You stay in the driver's seat as the creative director. Adobe Firefly AI assistant now in public beta.

See it today at firefly.adopi.com. And I think that in a year or two, I don't even know if chat GPT is going to be in the conversation. I mean, I think it will be. But I think Microsoft co-pilot is going to be extremely disruptive. right? So when we talk about will generative AI, will AI be more impactful than the internet? Absolutely. It will. And I think I'd be, I will have dropped the ball if I didn't mention why people on the other side, right? I'm obviously an advocate for generative AI. I talk about it every day. I try to teach people. We try to put out great value. We try to put out, you know, a ton of information that you can use to grow your company, to grow your career.

There's there's people who write it off, which is fine. But I want to talk about some of the reasons why people write it off. Number one, it's because they don't understand it. They don't understand it. Again, we had a decade plus to understand the internet. And it was very easy to understand. When you use the internet, it was easy to understand. When we use generative AI, it's not quite.

is easy. You're saying, how am I able to create all of these things so quickly? Is it ethical? What's going to happen to my job? You know, when all of our, you know, when companies from the top down start to understand and leverage generative AI. So using AI can be a confusing thing. But one of the most common misconceptions is this terrible, this terrible saying that I wish we would all stop saying that AI won't take your job, someone using AI will. It's a terrible saying, I'm sorry. Whoever was the first to say that and now, you know, a thousand people every day just copy and paste something similar on Twitter

so they can build up an audience and sell you something. That is, I think, that is one of the most, it's just a phrase we have to stop saying. because it is patently false. All right? Number one, the inner, like AI is going to take jobs, period.

Someone using AI will also take jobs, but more than one, you know, that's the thing I keep talking. It's not a one on one tradeoff. It's not, oh, the one person using generative AI

will take, take the job of the one person who is not using generative AI. That's, That's an argument that we should have been using 20 years ago when it comes to the Internet. Because that's factual. And I agree. Right.

20 years ago, hey, the Internet won't take your job. Someone using the Internet will. Absolutely. That's absolutely true. Because, again, the Internet just helped us share human intelligence. AI is creating. its own, right? We've already seen it.

We're not even in the age of artificial general intelligence. You know, when we think of, you know, Terminator and SkyNet and all these, all these things that it's even harder to wrap, wrap your heads around. But AI, even right now, is creating its own intelligence. It is. And I'll argue people on that because they say, oh, Jordan, well, right now all AI can really do is, you know, what it's trained to do within its model, within its, you know, 1.8 trillion parameter, you know, is GPT4. That's its, you know, big large language,

large language model. It's 1.8 trillion parameters. I don't think so. I think AI can still create new things that we haven't seen before. That's why we all use it, right? Yes, it is essentially a collection of everything that's already been ingested on the internet and, you know, millions of books and works of art. But AI is, is already, I think, creating its own type of intelligence. And we're not even yet in the age of general artificial general intelligence. So I want to get to a couple comments here. And again, if you're listening on the podcast, thank you.

We always leave something in the show notes for you to reach out. I'd love to hear what you want us to tackle next on the show. And I'd love to hear from you too if you think AI will be more impactful than the internet. And to, hey, to everyone joining live, thank you. I'm going to get to a couple of your comments here. I know we have some technical issues. So Harold saying, AI would not have the capacity to be as impactful without the internet and the infrastructure that was created by the internet. Good headline, but they are symbiotic.

Absolutely. Oh, absolutely. Yeah. Without the internet, yeah, we would have no generate AI because generally, like I said, it's a collection of. everything good and bad that has ever existed on the internet and a lot more. Kieran, thank you for the comment. Kieran saying AI will be more impactful than the discovery of fire and electricity. Yes, that was from the Google CEO Sundar Puchai.

Let's see. What else? What do you all think as we wrap up today's show? Abdar says AI will be more, will impact more industries than even the internet. for example, education, manufacturing, retail, and transportation will be impacted, disrupted by AI, but consumer mobile internet enabled the fastest growing, yes, you know, enabled the fastest growing sector, absolutely. Yeah, we can't, we can't skip over the fact that obviously the internet essentially did

create artificial intelligence, right? Because without it, I don't know how large language models would have been able to come into existence. So yeah, you know, and I'm definitely not trying to. to compare the two. I'm trying to compare the human reaction to the two and to draw a parallel, you know, because yes, the internet was very impactful. But like I said, the internet was not creating its own intelligence. It wasn't. It just brought, I think it revolutionized the ability for humans to access information. I remember when I used to need one simple answer. to something.

I would first, if we had an encyclopedia or a dictionary in the house, you'd start there. But anything other, you might, I mean, you'd have to go to the library. And you might have to spend hours looking up just for one piece of information, right? So yes, obviously the internet, we can't overlook its impact on society, on business, on personal growth, all of those things. really what I wanted to get to into today's show is to kind of debunk this claim that, oh, AI is just kind of like the Internet. It's going to follow a similar path.

You know, we're all, yes, it's a big technology, but all we have to do to see what's going to happen because of AI, people say, oh, let's look at the path of the Internet. Let's look at, you know, how we as humans and how different industries and verticals in companies around the world. Let's see how they reacted to and took advantage of the internet. And that will be our playbook for how we do the same with generative AI. But it's definitely, it's definitely not like that. It's definitely not like that.

All right. Thank you all for your comments. Thank you. And please continue, continue to keep, keep the conversation going in the comments on LinkedIn. And again, if you are joining us on the podcast, we always leave links coming and join the conversation. But I'll leave it with this. I'll leave it with a high level recap. Will AI be more impactful than the internet? Absolutely. We can't even begin. I don't think. We can't even begin to fathom. And I think that drawing any comparisons or any, any parallels to how the internet

impacted different sectors or industries. You know, if we say, oh, look at what the AI did to Blockbuster. And yes, Jordan, you know, maybe the Internet, in theory, led to the demise of the video store, led to the demise of Blockbuster. But look at all the new industries it created. Streaming videos. And now you have thousands of people working on new Internet video technologies. And you have Netflix.

And you have, you know, Disney Plus. And you have all these new, you know, kind of new, you know, supplementary or complementary industries that were created because of the Internet. It is not going to be like that with artificial intelligence. That is kind of ultimately the point of why I wanted to have a show like this because I think now after, you know, spending the majority of my days trying to, you know, over the past six, you know, five or six months since we started everyday AI, talking to very intelligent people, trying to read and understand artificial intelligence, the more time you spend with it.

It is not going to be the same, right? We're not going to have industries go through kind of like the blockbuster to Netflix transition per se. That is not how it's going to work, right? AI is going to be extremely disruptive. Right. Yes, there's a lot of exciting and new possibilities. and new industries that will be created. But this isn't supposed to be a show where we end on a down note,

but I will go back to one of the pieces of news that we talked about. When the head of the SEC says that it is nearly unavoidable that AI will cause a major financial crash within the next decade, I'm going to say it's going to be much faster than that. Right? We cannot think of artificial intelligence the same way. that we thought or think of the internet. If you have that mindset, you need to change it, right?

Whether it's for your own personal growth, whether it's what you're trying to learn, whether it's the direction your company is heading. Do not look at the playbook that we created through the internet, going from Web 1 to Web 2 to Web 3, whatever you want to call it. It is not the same thing. The Internet is how we shared information, artificial intelligence is creating its own. But don't worry, every single day. If that, if that scares you a little bit, that's okay. I think we grow. We grow as individuals. We grow

our careers. We grow our companies when we're a little scared, when we're a little uneasy. But I wanted to prepare everyone because I think there's just a lot of bad information out there. There's people drawing these conclusions and these parallels that I think aren't rooted in truth, right? I hope today's show showed you by sharing some facts, sharing some truths, can help you better prepare. And you can do so every single day with us. We bring on experts almost every single day. Sometimes you get just me, but we have some great shows lined up for you this week.

So if you want to take advantage of everything that artificial intelligence has to offer us, if you want to grow your company and grow your career with AI, please join us the rest of the week at Everyday AI. We have some great episodes planned. So I hope to see you back for more Everyday AI. Thanks y'all. Meet Firefly AI Assistant. Now live in Adobe Firefly, the Allman One Creative AI Studio. Just describe what you want to create in your own words and the assistant handles the rest, orchestrating multi-step workflows across Adobe Creative Cloud apps, including Photoshop, Premiere Express, and more in one conversational interface. You direct the outcome while the assistant accelerates execution. Stay in control with the ability to step in and refine at any time. See it today at

firefly.adobie.com. And that's a wrap for today's edition of Everyday AI. Thanks for joining us. If you enjoyed this episode, please subscribe and leave us a rating. It helps keep us going. For a little more AI magic, visit Your EverydayAI.com and sign up to our daily newsletter so you don't get left behind. Go break some barriers and we'll see you next time.