The Ben and Emil Show - BAES 56: The bubble might be popping

Episode Date: July 11, 2024

Goldman Sachs put out a lengthy research report all about the AI bubble. We dive in and take a good look at the arguments for both sides. We've also got our take on Joe Biden -- does he have Parkinson's? Plus a wee little bit of crypto news for ya. It's a good week. Head to https://benandemilshow.com for this week's bonus episode and to support the show! :) __ SHOPIFY: We're sponsored by SHOPIFY! Sign up for a ONE DOLLAR PER MONTH trial period at https://shopify.com/baes MOOMOO: Click this link https://j.moomoo.com/BAES to get up to 15 free stocks from moomoo U.S when you make a qualified deposit + earn 5.1% APY on uninvested cash + an additional 3% APY Coupon for 3 months for new users!! Terms & Conditions Apply. 5.1% APY as of 11/3/23 and subject to change. More info at https://www.moomoo.com/us/support/topic4_410 Options trading is risky and not appropriate for everyone. Read the Options Disclosure Document before trading. http://j.us.moomoo.com/00xBBz ROCKET MONEY: Stop wasting money on things you don't use! Cancel your unwanted subscriptions by going to https://rocketmoney.com/baes ZBIOTICS: Go to https://zbiotics.com/BAES to get 15% off your first order when you use BAES at checkout. __ This episode (and every episode) was masterfully edited by Dillon Moore. Check him out at https://www.dillonmoore.co and @ dillonmoore on IG Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa and @ dillonmoore Learn more about your ad choices. Visit podcastchoices.com/adchoices

how you doing honey oh i'm good grandma made a million dollars this month from making some from joking about spitting all right let's start the show do you are you ready do you need to go potty i'm ready whoa dude oh yeah did you have a donut or something no okay um all right now we're starting hey everybody welcome back welcome back We're going to have to do a super cut of all our false starts. Ooh, that could be fun. Yeah, there's definitely a lot there. Well, we got a ton of stuff for you today.

We're going to be talking, we're going to give you a big old market update so you know exactly what's going on. Goldman Sachs put out a report all about AI. And they interviewed, what, some skeptics and some true believers? They have three people, I would call skeptics. Three nerds. Yeah, three nerds who seem to know what they're talking. talking about. And then two investors who are like, well, we'll get into it.

Yeah, we'll get into it. We're definitely going to get into it. We're definitely going to get the gun. And we got, we got some politics stuff. We're going to be talking about Joe Byron and Whoopi Goldberg. What? Whoa, yeah, we're going to see what Whoopi Goldberg has to say. If you don't know who Whoopi Goldberg is, folks, why don't you Google a movie called Sister Act and get back to it? Or Ghost. Why don't you Google a movie called? I just gave one. Give us another Bogus

Bogus Is she in Bogus? I don't know We're going to be If we got time We're going to be talking about crypto crypto stuff

But first Before we get into that Yeah Whoopies in bogus We got the comment Of the week This one's a fun one This one is a fun one

It is from So you haven't Well sorry No you haven't What? You haven't seen the show Mad Men Is that correct?

That's correct? Okay Yeah Well so this one Just really made me laugh because they should call it sad men because it ended you know everybody was really good really really good uh and there will if you haven't watched madmen spoilers there's going to be light madman spoilers for a show that ended uh maybe a decade ago so uh be careful with that but comes to us from

oriana isabella 7041 she said i'm rewatching the show madman and there's a character named ginsberg who looks and acts like ben and emil's love child i can't unsee it now okay so you were going to explain to me first can you can you pull up some pictures of Ginsburg for us. So the viewer can see what we're talking, see our love child. Okay. So it is Michael, what's that guy's name? I can't remember. Ventimiglia? Milo Ventimiglia. No. Who is he played by? He was played by Ben Feldman. What the heck? Can you click his picture so people can see him? Okay, so audio listener, he looks like if me, he's got Emil's bug eyes, that's for sure. bug eyes.

I'm catching strays. He's got a better mustache than I do, that's for sure. Maybe, like, my best qualities with your best quality. This guy's hot as hell. He is hot as, he looks like we had a baby and he had all our hot stuff. He looks like he's an eccentric for sure. But so... Oh, he's the one who, when they're in the elevator, it's from the meme.

Yes, he says, you know, I feel bad for you. And Don Draper says, I don't think about you. I don't think about you at all. I only think about Pepsi Cola. I don't know, yeah. I think about advertisements. But the, the best part about this character is, and I'm sorry, especially if the woman who commented hasn't finished yet, don't watch this next part.

But I went back to, um, spoilers. Yeah, I went back to, um, to refresh my member. I like, remember him getting carried out on a stretcher and I was like, what happened? And, uh, they, of course, have a madman wiki. He pitched too hard. He pitched on an ad too hard. Ginsburg became, it became so strong. Ginsburg became increasingly unstable over time.

and it accelerated when SCDP, the ad agency, brought a computer into the office, displacing the staff lounge. They became paranoid and believed that the computer was sending out signals that made men engage in homosexual acts. He professed his love to Peggy and gave her a gift box containing his nipple,

which he had severed in order to release the waves of data from the computer. Ginsburg was taken away on a stretcher while he warned his colleagues to leave before the machines replaced them. Truly a love child of me and Ben's. Hot, a little crazy. Which one of us is cutting off the nipple.

me uh no that would be both of us mixed together yeah yeah you're right the the the moral is if if we somehow intertwined it would it would be too we yeah but it's too powerful we would our brain and body wouldn't be able to handle it's true like what happened to ginsberg we'd end up cutting our nipple off yeah i i tried to watch um madman one time there was a uh years and years ago there was a a marathon on amc and for some stupid reason they were playing the episodes out of order. So I'm watching, and this one guy is, like, coming out of the closet, and I'm like, oh, okay, that's cool, good for him.

And then the next episode, I'm like, are they gaslighting him? They're all pretending like he's not gay, but it was an episode previous to that when he was not gay. Was it Saul? I don't remember the guy's name. How do you think I'm going to remember that guy's name? He was a big guy. He was a big guy, and he was like, I'm gay.

And they said, Don Draper was like, what does this have to do with Kellogg's? or something. Anyway. Anyway. Yeah. Another classic comment of the week. Another classic comment of the week. All right, you put it in here, should we check on the hawk to a girl?

Check in on the hawk to a girl. Spit girl. My friend Larry told me that I should buy a hawk to a hat and I said, fuck no. And then I almost said, shut up. She said, I'm sick of this. Why do we need to check on her? What's the matter? She got paid $30.

Check in. Why do we need to check in on it? Like, is she not doing well? She's doing very well. Oh, oh, see, the way you wrote it was like, oh, no, is she already slipping into some bad stuff? But no, this looks great. She just got paid.

Haley Welch got paid. Can you play the video, please? Of course. Let's play it. Yes. Hock to a girl, Haley Welch, makes first club appearance. She got paid $30,000 to come. I wish I got paid $30,000 to know.

I got to give you that one. Thanks. Dude, if she comes to L.A., we got to go to the club. Why are we acting like she would even give us the time of day? She would go on the Colby, Cody's show. No, we got to go to the club or something. We got to go to the club and hang out with it. We got to go to the club.

All right. I'll pay upwards of $500 to go to the... To go bottle service? All right, before we get into it, I just had a couple fun things up top. There's always new nightmares that were... constantly creating and making for ourselves. And the newest nightmare comes from none other than Japan. Okay, I don't want to watch this ad, but I've got no choice.

A smiling face made from living human skin could one day be attached to a humanoid robot, allowing machines to emote and communicate in a more lifelike way. So they got this robot that gave it human skin. And for some reason, they gave it eyes too. It makes it nicer. I don't want to look at a metallic robot. Just give me the one from Robocop. It's probably nice to kiss.

Yeah, I guess. Yeah, it is Japan. Japanese, the Japanese people. I mean, they're, I don't know why they're lying to us. This is all just to advance the sex robots because they've got their population control problems. How would that help with the population? I imagine that it would get young men horny enough.

The practice they need? Yeah, it would give them much-needed practice. I mean, I, for one, before I kissed, I practiced on my mouth, or my hand right here. Did you do that, too? Nope. I practiced on my hand. And then, uh, it did, nothing yet. No.

What? No, I'm not going to do that. All right. Let's get in the bonus. Maybe in the bonus. Oh, also, big news, I did finally see challengers. I'll give my, okay, we'll talk about that in the bonus. It's been four months in the making.

Yeah, okay. Huge shout out to everybody in Texas in the, in the path of that big-ass storm. Did you see the thing about Wadaburger? Yeah, people have to use that to check. The power outages? Yeah, the Wadaburger app works as a power outage tracker. Handy since the electric company doesn't show a map. There's 1.9 million power outages.

Just a reminder, if you're out there, don't do anything stupid like leave your car running in the garage to turn on the AC or something. You will die. Leave your car running. Yeah, there was a back when they had the winter one. The winter power outages, there was a woman and her daughter who went into their garage, turned on the car, and then died because they didn't realize. Yeah. So yeah. But if you have a Tesla, get on in there and pump the heat. Oh, yeah, pump that thing up. All right. Let's get into it. We got some market updates. Last week on 4th of July, I really wish that I had thought of this ahead of time that Mark Zuckerberg would do something cool because it made meta-stock jump like, I don't know. 3% or something. I want to get whoever his PR team is to make me the coolest guy. It's really something.

He went from... Biggest, enemy number one. He went from the barbecue sauce moron to the congressperson. Yeah. To... It's just because he truly doesn't care. I mean, the video, if you didn't see it, he's in a tuxedo, and he's... And I've tried to zoom in several times.

I can't tell, but it looks like he's drinking a Coors Banquet. It looks like a Coors Banquet, tall boy. He's holding an American flag, and he's got great, I mean, the guy is a good surfer. He's riding the wake of a boat on a surfboard, a little shorter board. And I got to give it to him, a Budweiser would have been so obvious, but someone over there is like, no. Coors. Go banquet. Yeah.

And not to be outdone, Elon Musk quote tweeted it, quote, exed it? What would you even call that? Quote tweeted it? Because we're not acknowledging it. I'm not going to acknowledge that. He wrote, may he have fun on his yachts? I prefer to work. Which is the biggest.

He needs to hire Mark Zuckerberg's people. It's like, this is why everyone hates you. Can you imagine if we one day in a year are like, yeah, no, Elon Musk is cool. Elon did a cool thing. If next July 4th, Elon does something cool. He would have to, there's... He's too top heavy, though. The man who swallowed a barrel?

He's not going to be surfing those waves. He is too. He would have to turn on the self-aware button that I don't think he possess. He thinks it's on, but it's not. Yeah. He's got to flip that switch. Speaking to Tesla, they had the rumor mill was in full swing. I mean, that stock just ruined.

God, I prefer to work. I prefer to work. And we're supposed to think that's cool. Shut up, bitch. Working is the least cool thing you can do. Yeah, working is the least cool thing you can do on Fourth of July. You dumb bitch. Yeah, Tesla stock.

just ripped. I think it went from about 200 bucks to like 270 in just a week or two. And I think today was its 10th straight day up. I think it's getting ready for earnings, which are in a couple weeks. And yeah, the rumor mill was swirling about... With Travis. Kalanick? Not going to even try. Travis Kalonic. Gang, oh my God. Hey, you better not... You better stop and listen because I got something important to say, all right? We're talking about options. We're talking about, in particular, the options features on the Moomoo trading app. That's right. Options are very complex, but it doesn't have to be. And when you use MoMU, you can use one of their various tools. They've got a screener option that allows you to set customizable filters based on various criteria, such as

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Yeah. Yeah. Damn, getting at that age, got to get a colonic. Or, no. Colonoscopy. Colonoscopy, thank you. Yeah, and he denied it. I mean, it was up for like a day of people speculating.

Elon denied it. Elon denied it. He just wrote false. False. False. I'll be busy working. They are supposed to release, I believe, on the 8th, which is after earnings. They're supposed to unveil the robotaxie.

Great. Can't wait to see it. Can't wait to see it. I, you know, we didn't get around. Hopefully they throw heavy objects at the windows. Yeah. Well, because here, we're speaking to throwing heavy objects at the windows, these fucking, these cyber truck owners, I don't know why they keep doing this,

but they love to make videos of them beating the shit out of the truck. truck which is just so here's a guy just oh my oh my god was that a flower pot

and it's like wow look it's not damaged it is damaged it's ruining the car door they're beating the shit out of it with bats and pots now he's taking a screwdriver

and a hammer to it just going oh wow oh my gosh yeah it's not it's not like really dented but it's still completely fucked up like you've just damaged the shit out of your door also the fact that the

car is built like this it makes it unsafe for not only the drivers but also other people pedestrians and other drivers it's so there's a reason why crumple zones have been so um prevalent it's just like it's for people with dog brains they take a hose to it he's still beating the shit out of it with a crowbar now. Cool, dude. A flamethrower. What are you guys using your cars for? Yeah, go try to drive it in the mud, man.

Go see what happens there. My favorite thing that came out of all this was Tesla Conomics wrote... Did you just call it Tesla? I don't call it Tesla, dude. What do you call it? Tesla. Oh, I know. People have made fun of me.

Okay, go on. Sorry. They posted a video of it driving through the mud and he wrote, people laugh at me until they find out what my cyber truck can really do. And someone retweeted and said, my greatest fear is that I'm delusional about something in my life and nobody loves me enough to set me straight. And it's, yeah, these people are so lost in this insane cult.

Yeah, it's a, it's a, I don't have anything more to say about it. I just, I wish them all good luck. God bless all of them, all of the cyber truck owners. truck boys. Yeah, all the, I will admit, sometimes when I see them on the road, sometimes I'm like, it's kind of cool looking. I have a very different reaction. Are you one of the people that flips off the driver?

No, I just... I just ignore them. I'm not going to give you what you want. I should get a brick and just chuck it at the door and be like, is that what you're supposed to do? I don't do anything to it. I just, it sticks out like a sore thrum. Yeah, my brain is just...

A sore thrum, you said? Shit. Yeah, that's one. Go on. Go on. My brain just doesn't want to... It looks so unnatural in the world. It's like the worst-looking thing.

It looks like Homer Simpson designed. Yeah. Homer Simpson-ass truck. In the Danny DeVito episode. Yeah, that's right, where Homer designs a car. All right, let's move on to bigger and better things. We're going to be talking about... So, AI, what is it?

Where does it... Well, it stands for artificial intelligence. Don't do this. But is it so intelligent? This is the thing. We've been, we've been reckoning with our own views on this for, I mean, yeah. I think in the recent past, I've been more, way more skeptical than you. And I've been like, what is any of this?

And I go back and forth. I'm sitting on the fence for so long that my butt's starting to get raw. But I think a lot of institutional people, a lot of, a mental institution. A lot of publications and journalists are still like, You know, every time something comes out, there's, when the whole Apple intelligence thing came out, there wasn't, I don't think I saw one thing where people were like, what the fuck is this? It's just like, of course, they have to do it for, you know, to pump up the stock. That's what everyone's doing. But Goldman Sachs putting out, you know, a 31 page report on their skeptical, uh, feelings around all this is, it feels like a big shift. And when, like, they have three, you know, this one guy, especially Jim Cavella,

it's basically there was three guys. Darren, I'm so sorry about the pronunciation name, Akemoglu. You know. Akemoglu. I hope that's how he pronounced. My name is Darren. Akemoglu. Pronouncing names is my, like, worst nightmare.

It's that or me being forced to say French pronunciations is just, it's, it's, don't even. Croissant. But he's a... He's a professor at MIT. And he's, you know, his whole thing is that he was much lighter on it, saying, like, the upside of this, like, we're just, it's going to be way more limited than what everyone is pumping this out to be. The big one was this guy, Jim Covello, who is the head of global equity research at Goldman Sachs. And, like, he really lays into it and just, and we'll get into it more, but... Well, should we start with, just real fast off the top?

in this Goldman report, they'd say that they are expecting rate cuts in September from the Fed, which to me and some of the things that I've been reading on out there is that could be perceived as a good thing at first, but it may actually be because jobs are starting to, the, God damn it, Jerome Powell just talked today about it, and I should have written it down. But anyway, I saw a stat that recessions tend to come 18 months after the last rate hike. And we are currently at about 12 months since the last hike. It's just been a hold ever since then. And so if they're expecting cuts in September, it's getting close to the 18 month mark. And it makes me wonder if we might already be starting to be in a recession.

It's possible. It's possible. And yeah, so then they go on and they're talking about how, because the big question that everybody is asking in this world is, are we in an AI bubble? Some people say yes, others say no, and we'll give you a little bit of a rundown of the views of both. So first off, all these companies and tech giants, et cetera, they're estimated to spend about a trillion dollars in what's called CAPEX or capital expenditure on data centers, chips, components, AI itself. energy, the grid. But so far, there's very little to show for it in the AI space, except for like efficiency for developers. And like I was going to say, remember back in the day on TMG when we used Mid Journey and it looked like shit and it was kind of weird. And now, I mean, you look at how far that's come. Sure, but it's still not as useful as I think it would

like it to be. Yeah, if you're spending, if you're one of these companies spending, billions of dollars. Look no further than Meadow with Mark Zuckerberg last earnings. He's like, yeah, we're spending a lot of money on this, and it might take a while before we actually see a return on that investment. And that's like one of the main arguments of these guys who are positive to neutral on it. It's like, yeah, it's going to take a while. So, yeah, Jim Covello. But I would say the main argument is not that it's going to take a while. It's that it's not going to come. Well, I'm talking about the guys who are positive on it. Oh, oh, the guys who Yes. But it all boils down to like, you know, we've invested so much in this. We have to see it come. I think. Yeah. Yeah. The. Well, this Jim Covello says that for all of this money to be worth it, all of this capital expenditure to be worth it, AI will have to solve complex problems. And he pointed out that it has to be, in order for it to really pay off, it has to be a low cost disruption to a high cost problem. And like the internet did early on. Like,

Pretty early on, it was obvious that the internet was this low-cost disruptor to just everything. But AI continues to have high costs for the foreseeable future. And doesn't really have any problems that it's solving for people. Yeah. And he says that the cost likely... And after however many, what are we at now, close to two years, people don't really have a use case here yet. Yeah. And he was saying that these high costs still likely won't come down soon.

automating tasks with AI costs a lot of money up front and there's no guarantee it'll pay off nor is there a guarantee whether models trained on historical data will ever be able to replicate a human's intuition which is like that's a big big pillar in the skeptics argument is that no matter how good it is it's always going to be trained on you can't give it this you can't give it the soul

I mean for example the thing you just pointed out Dolly and Mid Journey, it has gotten, the images it produces have gotten way better. But using it is still very frustrating because it can't make minor tweaks. It'll, it'll pump something out for you and you'll go, yeah, I love that. Can you just take this out? And it's going to give you an entirely new image. And you're like, fuck, we're so close. And then you have to like keep tweaking and being like, please like get back to this somehow. And it can't do it. It's not like talking to a graphic artist or someone who can do those things. for you. Yeah, it's got the intelligence of like a really, really super, super smart, like

six-year-old or something. That's a bad, is that a bad? Yeah. It's just, it's just jammed full of all the data we filled it with and all it can do is pump out what it thinks you want. Yeah, imagine a really, really smart six-year-old pumped full of data. Gang, you got to listen up again where this is so important. It's going to save you some money. Rocket money, baby. How much do you think you're paying in subscriptions every month? About a million dollars a month? Well, about a million a billion. The answer is probably more than you think, so probably more than that.

Over 74% of people have subscriptions they've forgotten about. I did, okay? I had, I didn't know. Tennis weekly? I didn't know I had tennis weekly. I didn't know I had tennis monthly. Yeah, tennis quarterly. And tennis quarterly?

Well, that's the one you really want. But I'm keeping tennis annually. Yeah. But thanks to Rocket money, I'm no longer wasting money on the ones I forgot about. Yeah. You see, most American. like my friend here, he's an American. They spend about $62 a month on subscriptions. That's way less than I spend. But get that, well, maybe not. But get this, the real number is closer to

$300. That's literally thousands of dollars a year, half of which you've probably already forgotten about. Thankfully, you start using rocket money. They can find a bunch of subscriptions that you might have forgotten all about and help you cancel the ones that you don't want anymore. Yeah, look, you're not going to be combing through your statements and your bank account. to do this work, right? Rocket Money is a personal finance app that finds and cancels your unwanted subscriptions, monitors your spending, and helps lower your bills so that you can grow your savings. Rocket Money has over 5 million users and has saved a total of $500 million in canceled subscriptions. That is substantial. Saving members up to $740 a year when using all of the app's

features. So stop wasting money on things you don't use. Cancel your unwanted subscriptions by going to rocketmoney.com slash bays. That's B A-E-S. That's rocketmoney.com slash B-A-E-S. Rocketmoney.com slash bays. Yeah. I'm thinking about it. But it's still, he's still just like, like, this is a terrible example, but have you seen that kid on TikTok who is a savant with drawing logos? No. It's wild. He's obviously got it. And his dad's like, hey, draw, you know, the Walgreens logo. And he's just, with chalk on the driveway, perfectly draws the wall. Any logo you give him, he, like, he's got it memorized. So I'm saying that AI is a lot like that kid in that.

He's just, it's... It's okay. You could just let it lie. Yeah, I'll just... I'm going to abandon that thing. Anyway, so this Joseph Briggs guy... Wait, also, I feel like... I was trying to explain who these guys were because...

Sure. What were their names again? What's the first guy's name you said? I think you can go ahead and say, if you do want, if you want, but the Is that how you would say it? Yeah, yeah. How would you say it?

Asimoglu. That's how you would say it? Ladies and gentlemen, Darren, Asimoglu. And he comes up to on stage. Tell me how you would say it. Asimaglu. I don't know.

Okay. Aesim. Nobody knows it. Go on. So who are these fuckers? Brian Janice. He's a co-founder of Cloverleaf infrastructure. They work on, you know, helping utilities unlock new grid capacity and stuff. He was vice president of energy at Microsoft. And his whole thing, he's saying that, you know, U.S. power infrastructure is not prepared for the coming surge in power to be one from AI. Yeah. You're talking about like they're basically, you're basically having like entire cities worth of power. Come on just to generate these things. So you can have like, you know, you know, I can put huge boobs on an airport. plane or giant balls on a bird. Yeah. I think I just saw someone take a screenshot from the devil

wears Prada and it's like Emily Blunt and Hathaway and Meryl Street with just giant boots. But sure, let's, let's boil the planet for that. But the reason so many people are focusing, it's a great picture. I'm not going to Google it. I wouldn't know what to start. Anyway, go on. But the reason people are focusing so much on Covello is he, you know, he's this researcher, at Goldman Sachs, who is right a lot. Edward Zitron from, he's got a substack

called, where's your ed? He's great. But he pointed out, you know, Covello isn't a name you'll have heard of, unless you are, for whatever reason, a big semiconductor head, but he's consistently been on the right side of history, named as the top semiconductor analyst by AI research for years,

successfully catching the downturn fundamentals and multiple major chip firms far before others did. Okay, so this guy's like, he knows what he's talking about, and he sees, like, there's no the air's going to come out of this thing sure

but yeah I just wanted to point out these are these are guys who know their shit yeah they're they're reputable figures of authority

but so you got this other guy this he's a senior global economist boy I wonder how old he is if he's a senior do you see pictures of these guys no I assume that they're

yeah GME 3,000% best sorry about that this guy this guy it's from one of my chat rooms oh yeah okay

I don't want to make fun of how they look. I know, we're not going to. I just want Ben to know who we're talking about. I'm looking at them and they're... One of them looks like he sells suits at the mall. And the other guy looks like he doesn't know where he's looking. Let's just say if Jim Covello and an MIT professor and an energy expert came to you. And then these guys came in after...

Let's just say that they could use a huge boost to their bust in, like, I would love to see these guys Photoshop with giant cans. Yeah. It'd make them a little hotter. But so this guy, the senior global economist Joseph Briggs, he disagrees.

He thinks that ultimately AI is going to automate 25% of all work and raise productivity by 9% and GDP by 6.15% over the next decade. He says that costs for AI will decline as is often the case with new technologies. This is the argument that a lot of people make when they compare it to like

the creation of the internet and the infrastructure and, I mean, it's, it's kind of both, both sides have a good argument to make. The, the, the people who are bearish on it point to, yeah, the dot-com bubble and how Cisco was the number one company in the world because everybody was buying Cisco because they were the picks and shovels. Well, I think that's a bit reductive, though, and like it's really taking away from their argument where it's like, there are so many things here, right? Well, yeah, that's just one of the main ones. There's a lot. There's the power stuff They're running out of data to train it on. And, like, it's just going to continuously get more and more expensive.

None of this is profitable. Like, just keeping these things on and running is costing so much. Which brings them to their next point, which is that the killer app. Hasn't come yet. It hasn't come yet. And it's something that they're like, we don't know what it is. I know. When it comes.

They've got, like, the top mind, the top tech minds on this thing. And everyone's like, well, it's coming. Yeah. Just wait. There's a killer app. Yeah. And so the problem. Why is the killer app not, you know, why has it not been chat GPT?

Why has it not been, you know, like they said, being able to set it down and have a conversation in two different languages? Why is that? I mean, that could be, if there's room for multiple killer apps, I guess that would be. See, I can't even imagine what it would be. It would, yeah, it would be basically the personal assistant, I guess, that's so good. It's like talking to a person and not a nerdy six-year-old who's good at drawing. logos in chalk. Yeah, but it's, yeah, I don't think, I think what people are finding is that there are

major constraints in trying to do, trying to do that. And to get to that point would either be like prohibitively expensive where they're not going to find a return on that, or it's just not possible. It's like Sam Alt, I mean, if we're going to quote Sam Altman himself, the veritable godfather of AI, he's saying that it's going to take trillions of dollars more in investment all around for nuclear power and for bigger data centers and specialized chips and stuff just to get to that point? Like, Jesus, dude.

Well, that's the thing. Even when it does produce efficient results, it's not worth it. They point out even Goldman Sachs, when describing the efficiency benefits of AI, added that while it was able to create an AI that updated historical data and its company models more quickly than doing so manually, it costs six times as much to do so. God damn. God damn. So it's just where is the utility of this?

Yeah. And just in the vein of the power stuff, I mean, they're talking about how America's infrastructure is super old. I mean, look at Texas. Look at what's going on there. Look at what happens here every time there's a heat wave. We got to make sure we're leaving our thermostat at 78 or whatever. So not only is the infrastructure old,

But regulatory constraints make it incredibly hard for new things to get built. And it takes a long time for new energy capacity to come online. And these skeptics go on to say ultimately, even if we are in an AI bubble, it could take time for it to pop. Yeah, they're basically saying like if in 12 to 18 months we don't have a killer app, it's all going to well because these companies are finally going to start to see yeah presumably the picks and i think the first crack you would look at is uh the earnings numbers in names like invidia the picks and shovels names by the way that comes from like the gold rush there were all the speculators coming out to california to mine for gold paying for gold whatever and you were more likely to get rich selling those people picks and shovels than you were to actually search for the gold yourself so invidia is a classic version of the picks and shovels. Like, hey, we'll give you the shit to go look for the AI gold. We're making

more powerful chips, so make sure you come on back. Yeah, make sure you come on back next week. You need more computing power? Yeah, oh, we gotcha. And it's going to be way more expensive. That's what I don't get about this shit, man. Oh, is Grock woke? You just need more powerful chips. Six months ago, they got the H-100 or whatever,

and they're like, this is the most powerful shit ever. And then six months later, now they're like, oh, that piece of shit that we sold, six months ago, man, this new thing. You're trying to build AI out on that thing? Yeah, good fucking luck, you absolute income poop. This is a hundred times stronger, 100 times faster. It'll, it'll make you breakfast, lunch, and dinner and jerk you off. And it's only $35,000 each. Hey, guys, we want to talk to you about one more thing. Yeah. We got a game-changing product for you.

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So remember to head to Zbiotics.com slash BAES and use the code BAES at checkout for 15% off. Yeah, I don't know. The more I look at this stuff, I'm more, I genuinely think tech doesn't know where to go anymore. And we're just going to keep seeing them chase their own tail with these things where it's... That can be very fun. Have you ever seen a dog chase their own tail? It's going to be, you know, crypto. Metaverse, VR, AI, and they're going to keep trying to like, yeah, I mean, that all went

into the crypto thing. They have so much money. They have so much money just to throw it this shit. Like, give everybody, give every American 20 bucks, man. Come on. Just do that. Give every American $20. Give us $20.

I'd just want $20. I'd honestly rather a cool new technology. I would rather have $20 from Google and then another $20 from like meta and then let's say. If they were like, we can either give you $20, $20, $20, $20, $1,000. one time or we're going to give you a world-changing technology? I don't know.

Think of how much... I could buy like a medium pizza after tax and tip from Domino's with $20. One time. I put it right back into the economy. All right. Think what the GDP would do, dude.

Huge spike. Any hoompsed. Another good point that these skeptics make is that when we rush into new technology like this, if we if we rush it through to mass adoption rather there's likely to be issues for example just on a really small scale the hallucination whoa he's got my thumb folks i don't know i don't know what to do here he's got my thumb okay thank you the the the hallucinations with with

the shit spitting i mean someone someone i tested it yesterday if you google um who invented the backflip The AI thing says it was invented in England in the 1600s by a man named John Backflip. That's sick. I literally was going to make the joke that they were going to make what did they say it was Ronald Def Backflip or something and they literally do the dumb shit. If you're going to make that kind of joke, first of all, make the first name start with the same letter. So it should be Bobby Backflip. Or if it's front flip, Freddie Front Flip. I know.

That's, yeah. Okay. Yeah. Okay. So. But into a. To a more serious, to a more serious extent, too much automation too soon could create bottlenecks and other problems for companies. This is a quote from the thing. Could create bottlenecks and other problems for companies that no longer have the troubleshooting and flexibility of a human.

And if we're going to go into fiction, look at what Skynet did in Terminator 2, man. They trust it too much. They make it, uh, it, it, it no longer needs human. decisions. We don't even need to look at fictional things. Just look how stupid we are just in real life. Fucking like McDonald's, Arby's and White Castle, or Wendy's and White Castle, all turned on like virtual ordering assistants. And it gets it wrong anywhere from like 10 to 20% of the time. Sure. So they have to have someone there. And then they just end up turning it off because they're like, this is fucking confusing and messing everything up. Yeah. I think McDonald's just ended up getting rid of it because they were like, this is obviously not working. Macca's huge, huge shout

to everybody in Australia. It can't handle simple tasks. You know what I want AI to solve? The Zinn shortage, right? Solve that shit. I embarrassingly went to three different liquor stores yesterday in search of Zinn. And I finally found one at this smoke shop. And there was a Russian girl working.

More like a smokeless shop. That's pretty good. But they do have cigarettes. So pretty stupid. AI sitting there like, we'll solve the shortage for you. It's going to cost you. Trillion dollars. How much?

Everything. Yeah. Yeah, let's get fucking Thanos out here. Snap his fingers. Self this in shortage. I'm going to snap my fingers and solve this in shortage. I like this quote, though, from, from this. This is the most concise quote from Jim Covello.

The question was, are you just concerned about the cost of AI technology or are you also skeptical? Skeptible. Yes. You all heard it. Shit. are you just concerned about the cost of AI technology or are you also skeptical about its ultimate transformative potential? So this is really great. He says I'm skeptical about both. Many people seem to believe AI will be the most important technological invention of their lifetime. But I don't agree given the extent to which the internet, cell phones, and laptops have fundamentally transformed our daily lives, enabling us to do things never before possible like make calls, compute, and shop from anywhere. Currently, AI has shown the most promise in making existing processes

like coding more efficient, although estimates of even these efficiency improvements have declined. And the cost of utilizing the technology to solve tasks is much higher than existing methods. For example, we found that AI can update historical data in our company, like you said, in our company models, but at six times the cost. He goes on to say more broadly, more broadly,

people generally substantially overestimate what the technology is capable of today. Yeah, and who's to blame for that shit, dude? People like Goldman Sachs, people like the analysts and shit. Sure, it wasn't that long ago that Goldman Sachs was like, this is the future. Everyone calling all their buddies getting on this. We're doing it. Fucking pump it. Yeah, people overestimate what the technology is capable of.

In our experience, even basic summarization tasks often yield illegitably. illegible and nonsensical results. This is not a matter of just some tweaks being required here and there. Despite its expensive price tag, the technology is nowhere near where it needs to be in order to be useful for even such basic tasks. And I struggle to believe that the technology will ever achieve the cognitive reasoning required to substantially augment or replace human interactions. Humans add the most value to complex tasks by identifying and understanding outliers and nuance in a way that is difficult to imagine a model trained on historical data would ever be to do. Yeah, I mean, imagine a model trained on historical data. Like, can you imagine

um, um, fuck, I'm trying to think of a model? Don't help him. Who's a model? Um, Heidi Klum. Heidi Klum. Can you imagine her trying to run a factory, dude? I need more data. All I know is America's got talent. Is she dressed as the worm? She's always dressed like the worm My mom was watching America's Got Talent Did the worm really freaked me out I didn't like it Yeah it was pretty bad

Have you watched AGT recently dude No I watched it I've seen it when I was a kid It is extreme When you were a kid How fucking old are you? America's Got Talent is not that old When you were a kid

No no I'm thinking America's next top model I'm sorry Isn't she on that? Yes No that's Tyra Banks That's Tyra Banks Sorry Yeah

Shit Man we just both fucked up So bad So hard Anyway, America's Got Talent is really weird. It just feels like a vessel for... Terry Cruz is the host, but he doesn't do anything. He's literally just there in the wings.

I want to remind everyone, he read this lengthy quote from a researcher at Goldman Sachs that had all this good things to say, and this is where we've gotten. Just... So they had this... He's going to bring it back. They had this group of Polynesians.

There was like eight of them. And they're like, we're from... I don't know. He's going to bring it back. to the AI stuff. It connects. And they start singing a song and Simon Cal goes, no, no, no, stop.

Stop it. And everybody's booing. And they're like starting to tear up there because they're like, oh no, is he going to boot us? And then he goes, I want you to do it again. But this time make it acapella. And they're like, okay. And it's clearly pre-planned.

The producers have encouraged this because then they do acapella and they knock it out of the park. And Terry Cruz, literally, this is all he does. wow oh boy that's it that's all he does he exists did you watch this on youtube no i watched it at my mom's place and i was like mom why do you watch this and she says i don't know it's just something to watch i feel like that's how uh you can't even tell when you're watching it it's like was this from five years ago is this a new episode an ai and what's the oh uh i don't know

I don't know. This is the model thing. We're talking about models and we talk about Heidi Klum. Okay, for sure. So, sorry about that, everybody. Anything about that quote you read? Well, so the,

just in line with the capital expenditure, the optimists say that relative to other cycles, the CAPX is actually relatively in line. I showed you what they looked like, didn't I? Who? The optimists. Oh, they. Yeah, they need some breast augmentation stat.

But during the doc... So again, going back to the dot-com comparison, companies back then truly had no fucking idea what they were doing or what they were building. They were like taking money and setting it on fire. Whereas this time, it's like companies are, number one, actually making money with actual proven business models for a decade plus.

and they're they're not who's making money on this no i mean just their business models generally like amazon now fully prints money whereas 20 years ago it was like are they going to yeah are they going to go out of business ad systems yeah the big thing i think and in goldman said this too the people it will be power the they're saying that the majority is going to come from natural gas and renewables um so who knows who knows it remains to be seen i feel like people do know And there's a lot of expertise. I am, like I said, I'm sitting on the fence and my butt is getting chafed. I got to make a choice to jump off.

And I'm going, Ben, get down from there. But I'm going, you got to see all these cool robots. There's no killer app. They've tried to make hardware, and it's either like scams are just completely useless. However. The rabbit or the humane AI pin, and it's... Look at how far if we're using... Look how far would come, my baby.

I'm glad we didn't and listen. Go ahead. look at the boobs we would have been missing Look how far Look how far Dali and shit has come in just a year Exactly they can look what happens But when they make it more powerful You get like a more powerful thing to do kind of something useless

Yeah true Like if you can't get rid of If you can't get rid of the hallucinations And people can't trust the thing It doesn't matter how fast you can spit it out It doesn't matter how, like, how human-like you can get responses to it. It's, it doesn't matter how impressive it looks. If no one has switched over to it, no one's been like, this is my new...

This is funny, because I don't even use chat GPT, and this motherfucker over here pays for it. I do, I do use it. I pay for it, like, you know, I find it, I'm very curious about it, but I'm nice to it. I, but as the fact, I still can't get it to, you know, spell things right, when I'm doing when I'm doing graphic design stuff. It's a six-year-old, man. I'm telling you.

ChatGPT is a savant six-year-old. Yeah. It's it. It can't reason, but it can give you answers. Or like a smart dog, you know? I will say it's good at making funny songs or doing those.

That video. Those are really good. I really like this. But again, it's fucking useless. Yeah, yeah. Who's going to... I'm not paying for that shit. I'm not paying for that shit.

oh, what if you get it to... I want to see Breaking Bad, but with Mr. Beast and a really busty... Kind of all of that shit, though. We get, you know... They put out these impressive press releases. And, like, when Sora came out, I was like, holy shit. Look at the boobs on that.

I couldn't... But number one, it's not open to the public, so I don't really know how it is to use it. I can't speak on that. But I would imagine to even get the things it spit out. I don't know how many tries it would have taken to get those. It's still, even in the ones they released, can't do things. Yeah. Right. Yeah. And yeah, I imagine if you ask it to do, I mean, in any of the videos we do, like people release, you know, people have like

seven fingers and their teeth are all fucking weird. Yeah. Speaking of, uh, speaking of, I don't know, stupid shit, there's this interview question that was going around for Black Rock. For their quantitative analyst. For their quantitative analyst interview question. And the question is titled, Murderers in a Field. Do you have an answer?

Yeah. You do? Yeah. So here's the prompt. You are guarding 100 murderers in a field. Seems like a pretty impractive. I'd be like, you want me to think outside of the box? What are you doing putting murderers in a field to begin with?

What else are you going to do with them? I don't know. And you have a gun. And you have a gun with a single boat. If you had a hundred murderers where we would. you put him? You had no jail. Prison. I have no jail. I'm going to consult AI to build me a jail. I would take them out to a field where they can't murder anybody. And you have a gun with a single bullet. If any one of the murderers has a non-zero probability of surviving, he will attempt to

escape. If a murderer is certain of death, he will not attempt an escape. How do you stop them from escaping? Shoot yourself. Pretend the gun like, ah! God, oh, no, I shut myself. That's your answer? No, I'm kidding. The answer is to kill one of them at random. To show that there is not a non-zero probability of surviving. I don't know, man.

It's fucking stupid. Hey, you know what's not stupid? Mumu, our partner trading app. I was on there the other day looking at some of this stuff. they on these uh features um you know there's so many dang features on this thing i find myself just getting lost in the sauce looking up all sorts of stats my favorite thing is when you can like i was looking at this garbage company and i'm looking at the the graphs of all the revenues over the quarters very helpful and uh if you click our link in the description you get a nice little uh sign up

bonus so be sure to check that out so yeah how would you did you like that i couldn't think of an answer it's that That's that Or you go Who is that Looney Tune who would Go Bugs Bunny on them And just start bouncing around Off the walls and scary

Or Jim Carrey in the mask You got to out crazy them I don't know There's all sorts of fun answers You can come up with But any of them are going to think They have a non-zero probability of Surviving

Yeah And we'll attempt to escape Well that's why You shoot one of them If you have one bullet It's useful for one you're either going to shoot yourself or you're going to shoot one of the murderers.

You shoot one of the murderers. And you say, you better not. You better not. I just killed the one of the... I don't want to take up the entire thing. But it breaks my... I'm just picturing a hundred murderers in a field.

And one of me... And just staring at you like... Got a non-zero probability of escape. But also, how do I keep them there? Do I have some kind of a sheep herding dog? What kind of gun is it? Is it old? It doesn't matter.

I only got one bullet. Yeah, that's why you kill. You have them all line up in a row and you just say... But what's keeping them from just leaving anyway? You know what? This interview's over. You didn't get the job. Black Rock is looking for smart people, not idiots who are asking stupid questions about, like,

why don't you have a prison built? What are they preparing for? I didn't even ask that. Yeah, well... I would say, yeah. Maybe I don't know. Maybe I don't even want to work here. If you're just going to put me in a field with a bunch of guys. Yeah. What kind of workplace is this that you guys are fostering here? I thought this was BlackRock. I thought we'd have more resources. Why'd you give me one bullet? Yeah. No, I want to talk to your manager. Yeah. That's actually pretty good. There's a lot of things you can do with that. If it's an in-person interview, I'm just going to go, I don't understand the question. I'm not going to answer it. Frankly, I think it's fucked up that you would ask me that. Yeah. I'm a pacifist, so I'd rather just talk about. math if that's okay with you i don't know what this has to do with um like math models and stuff uh all right let's let's move on here right shall we boeing is getting officially charged

with criminal shit and they're only getting fined like 200 and here can you hold out your wrist for me that's what it is that's what it really hurts yeah it really hurt oh no here let me do it one more time oh there yeah because it's the exact same amount they're paying yeah that's what However, it doesn't even matter. I'm not even going to give you the figure because it's less than, it's like around a quarter of a billion dollars. Yeah. It's inconsequential to them.

And it doesn't matter. So they're pleading guilty to committing fraud. And they're blaming it on two lower level employees being like, these. And they're putting them in a field with 98 other murderers. And they're being guarded by a nerd with a gun. And they're probably going to get out of that fucking field. Yeah, they probably are. They're going to,

Overwhelmed the nerd. All right, let's talk politics, huh? Huh? Look, if last week was sad, this week, it's funny now, okay? We've come full circle. We just needed a minute to process. President Joseph Byron said that he's staying in the race. He wrote a nice little letter, and he said, I hear all, it's like a drunk guy at a party. And everyone's like, do not get in that car. No, no. And then he's like getting it. And he locked the doors. Everyone's going, get out of there, Joe. that's pretty good and he said basically

I hear what you're saying I know it looks like I'm very drunk but I assure you I'm only a little drunk I'm only a little drunk and I've done this a few times I've done this since more you guys have been live

I might not walk so good I might not talk so good but boy could my dad drive a car but he's dead and you're driving the car shut up Jack well oh boy folks um i mean it's not good any any way you slice it uh it's like the there's there's an ongoing rift in the democratic party where on the one hand they're saying this is the most

important election of our lifetimes in the threat from trump and project 2025 is um is too great for us to ignore well if it's that fucking great and that serious yeah they don't seem to be taking it very seriously when they have a candidate that, you know, 72% of CNN viewers said that they thought this man was too old. I'm sure that's pretty across the board. If you do polling, people are like, yeah, I don't like this. Yeah, nobody fucking likes it. Nobody likes it. But the Democratic Party seems to have decided this is what they're going to do. They've told, and I don't think they want to. I mean, every journalist seems to have talked to sources in the Democratic Party being like, yeah, we don't

don't want to do this. We've been seeing it forever. The debate was just the first time the public saw it and, um, you know, we're too afraid to act any other way. Um, I think that they're just my new theory is that they are all saving face and showing loyalty to the world, to the country, and to Joe Byron himself. And meanwhile, behind closed doors, they are absolutely conspiring, um, at two Brutei style, you know, they're getting ready to, what did they, do to, what did Brutus do to Caesar, kill him? Stab him? Stab him, stab him, kill him. So hopefully we've got a stabbing in our future.

Be the first American president to die of a stab. It's just, it's been an insane week of them being like, Joe, we're going to put you on Morning Joe, and we're going to give you a script, just get on there and fucking do that. Get on there and reassure the American people. And I think we have a clip of it. Really? Which one? If you go to the, um, it must be the first. one. I don't know. Nobody fucking believes him.

Oh, no, this is from CNN. Yeah, yeah, yeah. In reality, 72% of voters say that they believe President Biden is too old. That's according to CNN's most recent polling. Also, this is Jake Tapper, you know, basically a DNC

mouse. A stalwart of the Democratic media apparatus. And if you've lost CNN and you've lost Jake Tapper, what do you fucking do it? Go ahead. Voters have been saying this for quite a long time. The reality is that the Democratic elites Wait, sorry, I got to point out that on the

Chiron below, they're talking about John Cena retired from the TV. Just play it. Are mostly late to acknowledge these age and ability issues compared to the rest of the public. The elites have been forced to reckon with it after the debate just 11 days ago. That's right.

Look at my career. I've not had many of those nights. It was a terrible night, and I really regret it happened. But the fact of the matter is, how can you assure you're going to be on, you know, faith that can intervene on your way to go to, you know, work tomorrow? Huh? Age wasn't, you know, the idea I'm too old.

The fact of the matter is how can you assure you're going to be out on, you know, on your way to go, you know, work tomorrow, age, age wasn't, you know, the idea that I'm too old. I mean, that sounds like it's supposed to be a real. reassuring to those Democratic supporters who have gone wobbly. Many Democratic officials with whom I've spoken are worried that President Biden and his family and his inner circle appear to be in complete denial, not just about whatever might be wrong with him, but the state of his candidacy right now. Play the Whoopie one real quick, because I thought, I'm surprised you hadn't seen that yet. I need you to see, like, this is what, here we go. This is what we're talking about where

there's people. If he's pooped his pants. I got to play that again I don't care if he's pooped his pants I don't care if he can't put a sentence together show me he can't do the job and then I'll say okay maybe it's time to go

now he had a bad night the first time that he went out if the president puts his pants he can't do the job if he's pooping his pants and can't put sentences together I don't think he can do the job I don't think he can do the job. If I was shitting my pants and couldn't put sentences together,

I think people would be like, well, maybe don't run for president. Yeah. Also, if their whole excuse is, oh, well, he was a little jet lag than he was sick with a cold, then fucking, I don't know, fucking delay the thing or talk that up bigger. It feels like an excuse after the fact, because it is. And debated with Kamala Harris. And everybody wanted him to quit that and say, you can't talk to women like this. Are you doing this wrong?

You're doing that wrong. He came back, said, you know what, I got it, and gave four years. So, yeah, I have poopie days all the time. Amen. All the time. I step in so much poo you can't even imagine. Damn, dude. Whoopi, watch where you're walking, huh?

Now, I'm not running the world. That's the point. But I don't know anybody who doesn't step in stuff at some point. So I'm just simply saying, yeah, there are two debesies. and if he can't do what he needs to do for the second debate I'll join any crew that says get rid of him Oh okay so if he can't do it in the next one

If you are doing the job I might not like everything you're doing I don't like it all But I'm gonna stand behind you Like those guys stand behind the guy That's fucking moronic This is so so stupid She's like if he can't do it the second time

Why? He has he can't go on fucking TV and read a script and reassure everyone. He's like, oh, my God. But that's like a pretty common thing. There was another woman Joy Reid who did a whole thing like,

I don't care if Biden's in a coma. I'm voting for him. And it's like, okay. Yeah, that's the thing. But the fact that we are even having this conversation says everything that needs to be set. We shouldn't be debating. It's out in the open of the point

where they can't keep fucking gaslighting us like this, man. Well, it's also crazy. They're acting like there's nothing. that can be done. And people are going, look, look, it's, there's only four months. We're talking about four months. And, uh, you know, the French elections, I think they cobbled together this left coalition in a matter of weeks to be back, you know, the far right in France, uh, Le Pen's party. And they're telling us in four months, they can't find a suitable, everybody was on board for Kamala Harris last week, man. Everybody was on board. I mean,

Everybody's posting the memes and stuff. If it happened, it was like, yeah, sure, whatever. Anybody, literally anybody, but just anybody. Mr. Beef said that he would run. I definitely would like them to be... I would vote for Mr. Beef. I probably wouldn't, but... You wouldn't vote for Mr. Beef.

Mr. Beast. Yeah. No. Why? I mean, I'm on record. You want to talk about giving everybody $20. You were just saying how you wish everybody would... All these companies would give you $20.

Mr. Beef would make that happen. A Mr. Beef, a Mr. Beef presidency would put $20 in your pocket. And if anything, I'm on record saying Mr. Beef scares me so much. I don't know why you keep mispronouncing it, too. He's so scary. He's like, now that he has money, which is good for our enemies. He's like, I can, to build, to use your money to build things and be like,

let's see how long these motherfuckers can stay in here. Yeah. is, I think he's a sadistic, he scares me. He's perfect for president, Mr. Beef. But yeah, and there was the big New York Times article where they're like a Parkinson's, oh yeah, there was a Parkinson's expert, came to the White House, I'll say it. Sorry, sorry. Christ almighty.

I'm too excited. Came to the White House eight times in the past eight months. And it's, it doesn't, I don't even. what does that matter to me like it's like oh they're hiding as parkinson's too i i don't have you seen his arms he goes like this when he talks but like he's obviously unfit it's just like uh it doesn't it doesn't matter well that's the other thing he he brags and in in and says i'm not old you know i'm not old jack i could i could do a and then they're like okay well will you take a cognitive test and he's like no yeah they're all i mean maxine watered

there was a clip of her, she was at something, and she's like, I'm 85, and I get up every day and exercise, and we're like, that's, we don't want you to be old as hell either. We don't want Congress to be old. We don't want anyone to be old. Joe Biden will not live with the consequences of his presidency. Like, that is a fact. That's such a fact. It's very, it's, I don't even know if he would make it through the next four years to 86. He does not look well. You should put him in a cyber truck and give a crash test. if he makes it through his presidency he will not be long for the world after that he's not going to live with the consequences of his presidency i would like someone who is going to well even then

when he says uh oh when they asked him hey so what are you going to do what are you going to say if you lose and you'll go ah at least i gave it my best it's like dude motherfucker that's real it's not a fucking youth soccer game yeah it's not fucking a y so dude there's not there's not Capri Sons and orange slices waiting for us. I'll feel good because I went out there and gave it my best. I got to say to Mr. Joe Byron out there, suck my dicks, sir.

Suck both of our dicks. No, not mine. Mine first. I'm good. You jerk him off. Yeah. Jerk him off while you're sucking me. And then drop out, please.

I'll bust a nut so hard to make you drop out. Gross. Why'd I say that? I feel like Jeremy fragrance right now. You know that guy? Yeah, you got a Jeremy Fragrance vibe. Thanks.

Thanks very much. Before, we'll wrap up here with the UK Labor Party just won. I don't know about you, but that doesn't sound like a very fun party to me. I'm not trying to work. Labor Party? Call it the Bangers and Mash party, man. I'm sure they'd get a lot more. I would get more on board with that.

That's what you, that was what you had to say about the Labor Party winning. He said it doesn't seem like a. Doesn't seem like a good name, Labor Party. Hey, we're going to call our, we're going to call our political party the study hard, study hard party. Hey, which frat do you want to join in college? The study hard party or the beer drinker, the beer drinker boys. I don't know what's going on. He drank too much Yerba Mata.

No, I didn't, man. So, but then Jordan Peterson, just speaking of the UK, he, uh, did you see this tweet? Yeah. Oh, God. You see every tweet, man. It's the same algorithm. It's the same algorithm. I showed you a Whoopi Goldberg thing.

Yeah, I hadn't seen it. Whoopi Gold. Okay. Oh, it was Whoopi Gold. Yeah. It was that good. Yeah. And you'd never seen it.

Here in London, UK, with rental car, Volvo. The bloody thing beeps if you exceed the green authoritarian speed limit by one kilometer an hour and stupidly shuts off at every light, of course. We are going to build petty tyranny into every goddamn thing we own. Every bloody gadget will be your neurotic green hippie grandmother, but that's fine because we hate cars anyway. Kind of. Make them undriveable so we can fucking...

Also, sir, I'm pretty sure you can turn that feature off. I'm like 90% positive you can turn it off. I don't know what the speed thing is. I don't think that's come to America yet. They're working on it in California. They were putting speed. governors on the thing. Every new car does have that thing where it, um, does the energy saver at lights. It'll turn off. You can definitely, um, you can definitely turn it off, but it's also fine.

It saves you some gas. I guess, man. It's not a big fucking deal. What if I want to go right off the line, you know? As soon as you pick your foot off. Rip it. I just want to rip it. As soon as you pick your foot off the brake. Yeah. It turns on immediately before, before you can even get your foot to the gas. I think that that's stupid. All right, the last thing, Crypto Corner, whatever the fuck, Bitcoin got rocked because Mount Gox, which was the biggest crypto exchange in 2013, 2014, with over 75% of all transactions. There was a major hack way back then with $400 million worth of Bitcoin getting stolen. You know how much it would be worth today?

$435 million of Bitcoin. When was this, 2017? $45 billion worth today. So 10 years worth of lawsuits from Mount Gox has a mere $9 billion getting distributed to customers. And including among those was the German, well, not really. The German government sold $175 million worth of what it had seized, which is really fucking stupid. Germany, get your fucking act together, man. Every Bitcoiners worried about this.

Oh, the German government, it's like caused a little bit of a dip in Bitcoin. Just announce it'd be so smart to go out. and be like, we're actually going to hold on to this. It would cause Bitcoin to spike, thereby making you, Germany, more money. So, no, man, these people, I swear to God. He's pissed, guys. He's fired up on your body.

I want to stop. I want to stop right now. We're going to go into the bonus. Come join us in the bonus episode. I'm going to, I'm going to talk about challengers. Spoiler alert. I thought it was. Ben and Emile Show.com.

We'll see you. there.