EP 69: The Most Important AI Company No One Is Talking About
00:00This 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.There's one company right now in the U.S.
00:51That's probably more important than any other company.And it's not who you're thinking about.All right.So we're going to have more on that today.But first, welcome.My name's Jordan Wilson.This is Everyday AI.It's your daily live stream podcast and free daily newsletter,
01:11helping everyday people keep up with AI and how we can actually all get ahead.All right.So before we talk about what is that one company that's really helping the United Statesin general in the U.S. stock market continue to surge ahead.Before we get to that, let's talk about what's going on in the world of AI news.And as a reminder, if you're joining us live, please leave us a comment.Let's have a conversation together.That's what this show is all about.
01:42All right.So a couple big things to talk about in the world of AI news.First, the Pentagon is getting assistance from Silicon Valley on the battlefield.So a new report looks at from the financial time, it looks at how the U.S. Departmentof Defense is investing in artificial intelligence systems to conduct surveillance everywhereand how Silicon Valley VCs are investing in defense.weapons tech startups. So it's been a really big story over the last couple of months,how kind of just the U.S. Department of Defense and the U.S. military is starting to use AI in
02:25all aspects of training on the battlefield. So it's something to keep an eye on. All right,a new study from the Pew Research Center is showing that AI is coming for white collar jobs.So, you know, a lot of times we think that AI, oh, it might just replace low-paying jobs.That's not the case, at least to this new Pew Research Center study that shows aboutone in five American workers will have a job with high exposure to being replaced byartificial intelligence.And it also is showing that not just high-earning white-collar jobs that are at risk, but alsospecifically women's jobs may be most at risk.
03:05So more in the newsletter about that.so make sure you check it out.All right.And last but not least,chat GPT is acing Harvard classes.That's right.So a new story just came out today showing how one Harvard university studentis passing her first year classes
03:25and actually told her teachers when she's submitting her workthat most of it is being done with chat chbtee.So make sure to check out more in the newsletter about that.But pretty interesting, you know,I think so many students are using it and not saying anything, but this Harvard student toldher teachers when she's turning in her papers and so far getting almost always averaging about a 3.5GPA. So not bad, chat GPT doing it, getting that Harvard degree. All right, as a reminder,let's go ahead and talk about one thing before we jump into what we are talking about today,
04:04which is one company.But first, you have one day.You have one day left.Make sure to go to your everyday AI.comand sign up not just for our free newsletter,but we are giving away six months of chat GPT Plusand six private lessons with our team.So maybe you already have the premium version of chat GPT Plus
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04:52Now, let's get back to what we started to talk about here.What is that one company?And right as I am about to get into this, I wanted to shout out to everyone that's alreadyjoining live. So if you're listening on the podcast, make sure to check the show notes. So we'regoing to have links for you to check out, but also a link for you to come join us live. You know,this whole podcast and live stream is about creating connection and helping people learn AI.So we do it together. So a couple comments already. Jan joining us saying, good morning.Harvey, joining us, Dr. Harvey Castro. Can you drop the link to Pew Research? Absolutely. It'll be in the
05:31newsletter.Cecilia, good morning, joining us.All right.Let's talk about that one company.How is one company right now so important to the U.S.economy?What is that company?What are they doing?
05:49And what does it mean?Dr. Harvey Castro in the comments already got it right.It's NVIDIA.All right.One company.It's not Apple.It's not Google.it's not Microsoft, it's not Tesla, it is Nvidia, right?
06:09And I'm going to come with some hot takes this morning.You know, normally, normally we keep it very news-based and, you know,we're bringing on experts every day and asking for their opinion.I'm going to give you guys some hot takes this morning to start our week off right.I think Nvidia right now is the most important company.for the United States.And it may be one of the most important companiesfor our economy and our progress forward,
06:39even as a society.All right.So as I explain that hot take,let me first tell you why.I feel that way.And even, let's let's even rewind a little more.Let's talk about what Nvidia is and what they do.So to keep it simple, you know,
06:59even before this big AI boom,AI was one of the, or InVedia was still one of the largest companies in the United States.But it's all about chips.So much talk has been around chips.So these chips that we often refer to when we're talking about other companies needing them,you know, how they're driving really just production.And they can't even keep up with demand, not even close.but chips, GPUs, run so many of these other companies.
07:37So graphics processing unit.These are essentially chips that all companies need in order to run their AI systems, right?So when we talk about some of the biggest companies in the world, Microsoft, Google, Apple, meta,what do they all have in common?They use Nvidia's chips.right? And all of these companies have come out and said in the last couple of months that they'regoing to not just double down on AI, but triple down. You have large CEO saying we are going tobuild AI into every single part of our platform, into every single part of our company.
08:20To do that, all companies need Nvidia chips. And right now, Nvidia has been the leader in this spacefor a decade plus, right?So when chat GPT as an example, right?We all know chat GPT.We've heard of it, but guess what chat GPT needs to run their product?You know, guess what OpenAI needs?They need chips specifically from Nvidia.And Nvidia is the only one that has powerful enough GPUs
08:58that these companies can rely on, right?Let's take a look at a couple of numbers here.All right.So right now,Nvidia has about 80% market share in the GPU space, right?And Citibank says that that's expected to actually grow to 90%.All right.And right now,
09:22Nvidia has a $1.1 trillion market cap.So they are valued at more than a trillion dollars.So why do I think that this is important?And why do I think it's something that it's worth paying attention to?So we already talked about the future, right?Companies have already said, the biggest companies have already said,they're going to start to bake AI into all of their products, offerings, and services.That's one aspect.
09:53But let's now look at the economy.We mentioned some of these big names, right?Also, let's look a little before this most recent AI boom, right?So I think generative AI has really been one of the leading news pieces,has been one of the most promising tech advancementsin probably decades, if not even longer.So it probably all started with chat GPT in 2022.So so many of these generative AI platforms had been around before that,
10:35but it was really chat GPT coming out in November 2022 that made the rest of the worldand, you know, U.S. companies and investors start to look at generative AI seriously.How seriously?If you take away some of the leading companies that we just talked about,you know,Nvidia and some of the other chip makers,you know,your big tech companies,
11:03it has been,and there's been plenty of stories that we share every single day in the newsletterabout this,but AI-related stocks are driving the U.S. economy.And it is obviously Nvidia that is the backbone of this growth.So, you know, if you rewind, you know, nine months, 12 months ago, at least here in the U.S.,I know we have, you know, people watching and listening from other parts of the country,but when you look at the economy, it drives so much of our day-to-day decision-making, right,
11:40whether we're going to buy a new car, whether we're going to get a new house, how muchmoney we're going to put in bank, right?So much of it is driven by the economy here in the U.S.And nine months ago, 12 months ago, the outlook wasn't good.You know, everything was recession.You know, we are headed toward a recession.And then what happened is over the last six months, most major indexes measuring the U.S.economy, we've had about a 15 to 20 percent growth, you know, depending on, you know,
12:14are you looking at the S&P?Are you looking at the NASDAQ, at the Dow?So in six months, we've had pretty solid growth.to 20%.Whereas before this generative AI craze, we were talking about, is the U.S.heading into a long-term recession?Why do I bring that up?Well, so many, even big companies that aren't, that don't have a tie-in to generative
12:44AI, they are still making big decisions in their economy, or sorry, in their companiesbased on the economy.All right?So that is why, getting back to what I originally talked about,that is why I think InVidia is probably the single most important company right now in the U.S. economy.As all of these AI companies and companies related to AI, so again, that's your Microsoft,your Google, your Apple, your meta, your Tesla, these big companies that have been collectivelydriving AI growth, right?
13:23We shared a story about two months ago that at the time, if you took away all tech stocks,specifically those tech stocks that had ties to AI, the overall, I believe that that story wasthe S&P, at that point the S&P was up 20%.If you took away all those companies, it was even, right?So if you take away all of these tech stock growths that,that is fueling the economy, we are even, right?So that's the hot take for today.NVIDIA is probably right now the most important company in the United States.
14:07Because guess what?As all of these other companies are saying to their shareholders, to the general public,you know, hey, we're coming out with this new technology,we're going to start incorporating this into our phones.I mean, let's even talk about Apple.Hey, you know, Apple has started to develop some of their own chips.And, you know, they have their M1 chip.And they've stopped using, Apple has stopped using,
14:33Nvidia chips.But still, you know, when Apple talks about,hey, we're going to bring Apple GPT, whatever it's called, right?To bring that to a phone, you're going to need chip production.You know, when all these other companies are announcing new hardware products,even, most of them are using.Nvidia chips, right?So as we look about the future of our growth in AI and technology,
14:57we can't forget about these GPU chips.All right.So this is obviously a pretty technical talk today on everyday AI.But I think it's important.I think this is important for us to understand,not just how this technology works.You know, Tesla.Hey, that's something even if you don't care much about chat GPT or AI, Tesla uses
15:26Nvidia chips.You know, probably your smartphone, your computer uses Nvidia chips.If you're a gamer, it uses Nvidia chips.And we have all of these new advancements in technology, bringing, you know, helping to bringnew advancements, new capabilities to computers, to the workplace.You know, you have all these now big partnerships.you know, your sales forces of the world, you know, starting to even bring generative AI to all of,all of their clients, all driven by chips.
16:02All right.Again, this was a technical one.And I wanted to thank you guys for allowing me to be a dork this morning.You know, every once in a while, you know, I have these hot takes that I want to come in with and I want to share them with you because I feel they're that important.But as a reminder, we're going to have some less technical things this week.I'm going to go normally I don't plug other shows on the show.But later this week, we're going to be talking about chat GPT plugins.We've had a lot of people requesting this.
16:38So actually, if you're excited about that or if you want to hear us talk about something else on the show,go ahead and leave a comment right now if you're listening on the live stream or if you'reyou're listening in the podcast, click in the show notes, email us. Tell us what you want to hear.Okay. But we've had so many people asking about chat GPT plugins. You know, we've usedhundreds of them. There's more than 800 plugins available. So later this week, we're going to betalking about that. So I did want to plug that. And as a reminder, please go to your everydayAI.com and sign up for our free daily newsletter. Let me tell you what's in that newsletter.just about everything that you need to keep up with what's going on in the world of AI.
17:25You know, whether we realize it or not, kind of like how we, maybe you didn't realize howimportant Nvidia is, you know, to the U.S. economy or to our society as a whole.But everything that you would need to keep up with AI advancements, you know, new products,new services, new tools, and just what it means for your job.We can all use and leverage these things.That's what our newsletter is about every single day.So make sure you sign up for that newsletter.Also, make sure you go sign up for our chat GPT plus giveaway that ends today.
18:01And make sure you join us the rest of the week on your everyday AI.Thank you for joining us.And I hope to see you back tomorrow and every day on Everyday AI.Thanks.Meet Firefly AI Assistant.Now live in Adobe Firefly, the Allman 1,000,Creative AI Studio. Just describe what you want to create in your own words and the assistant handlesthe rest, orchestrating multi-step workflows across Adobe Creative Cloud apps, including Photoshop,
18:33Premier Express, and more in one conversational interface. You direct the outcome while the assistantaccelerates execution. Stand control with the ability to step in and refine at any time. See it today atfirefly.adop.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.
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