[SPEAKER_00]: Welcome to Bourbon with Brad. [SPEAKER_01]: The views and opinions shared on the bourbon with Brad podcast are our own, and those of our guests. [SPEAKER_01]: Nothing we discussed should be taken as financial, legal, business, or gambling advice. [SPEAKER_01]: Don't make investment, business, or betting decisions based on our conversations as you should always talk to a qualified professional.
[SPEAKER_01]: Always drink responsibly, never drink and drive, and only consume alcohol if you are of legal drinking age. [SPEAKER_01]: Thank you for watching! [SPEAKER_03]: Good morning, it is Cinco de Mayo. [SPEAKER_03]: One of my favorite holidays, excuse me. [SPEAKER_03]: A reason to have Margarita's berry. [SPEAKER_02]: Well, I will partake in one, but it's gonna have to be a little later on. [SPEAKER_03]: Oh, you didn't want to have one right now, I thought it was a con.
[SPEAKER_02]: We're sticking with the Death Wish Coffee. [SPEAKER_02]: I do see the bottle to kill it back there. [SPEAKER_03]: Yeah, I know that it's a special bottle, too, a Blanton's bottle to kill it in honor of Franco Harris. [SPEAKER_03]: Oh, Blanton. [SPEAKER_02]: Yeah. [SPEAKER_03]: Oh, I didn't know. [SPEAKER_03]: I know. [SPEAKER_03]: All right. [SPEAKER_03]: So that's why he gets a special pedestal from our good friend Eddie Edwards. [SPEAKER_03]: You know, well, it is Tuesday.
[SPEAKER_02]: I guess I could just blow off work and we could just Start partaking now. [SPEAKER_03]: Yeah. [SPEAKER_03]: Don't tempt me, buddy. [SPEAKER_03]: Don't tempt me. [SPEAKER_03]: I told John, I'm in the final throws of a full blown audit, so I'll be called my wife. [SPEAKER_02]: Like 10 a.m. honey, I need a ride at Brad's. [SPEAKER_02]: Right? [SPEAKER_02]: I don't want to know. [SPEAKER_02]: Exactly. [SPEAKER_02]: I think it's happy to think your tomorrow.
[SPEAKER_02]: It's a great day to go have Mexican food. [SPEAKER_03]: It really is. [SPEAKER_03]: Enjoy every part of it, it's such a festive holiday. [SPEAKER_03]: Yep. [SPEAKER_03]: But onto the AI headlines. [SPEAKER_03]: You know, it is May 5th. [SPEAKER_03]: And even since yesterday, when we rattled off the AI headlines, there's been a lot happening in the AI world. [SPEAKER_03]: that moves fast.
[SPEAKER_03]: Yet does, in first and foremost, the White House is considering pre-release vetting for AI models.
[SPEAKER_02]: Yeah, so it's like regulation to me it's definitely regulation, but you know we've been kind of talking to the sense that that regulation is definitely needed You know I agree and You know I'm not a big I'm not a big fan of government regulation, but in some cases it doesn't mean I'm totally against it because and quite a few cases it's probably necessary this I would say is probably one
[SPEAKER_03]: Yeah, I do think so since just about every major platform has come out through their executives and said that, you know, hey, I could kill us all. [SPEAKER_03]: the worst case scenario. [SPEAKER_03]: So I think maybe we want to make sure, but you know, even, you know, I guess the skeptic of me, you know, which government officials are actually going to look at this, are they going to know what they're looking at to vet it properly?
[SPEAKER_03]: Are they going to be able to push it to the edge to test it on all the cases, you know, that possibly could be used by those bad actors out there.
[SPEAKER_03]: you know there's there's still a lot of questions coming down but at least they're thinking in the right direction and it's definitely more in line with like the European Union style here to have things pre-approved especially with these frontier cutting edge borderline super intelligence models that are that are coming down the line kind of curious that's kind of funny
[SPEAKER_03]: given the circumstances with how they handled everything with that's for all back now you know he wanted to regulate it and they were like get out of here you're woke now they want to regulate it yeah now it's got a funny funny hot works uh yeah and he wasn't looking to regulate it so much as he well and did just make sure that it's it's performing you know as right intended right so that's why i met he yeah have an eye on it [SPEAKER_03]: Yeah, and they said no.
[SPEAKER_03]: I don't think they were looking to have classified information to evolve. [SPEAKER_03]: They just want to make sure that model was actually performing, you know, not drifting and getting off get off course. [SPEAKER_03]: But, you know, who knows, maybe maybe there was more to that. [SPEAKER_03]: So on the Elon Musk opening, I try all it shifted from Elon Musk yesterday to Greg Brockman, one of the founders of Open AI.
[SPEAKER_03]: Greg's worth about $30 billion known Open AI stock. [SPEAKER_03]: And apparently, according to the New York Times, Elon reached out to Greg Brockman two days before the trial started, trying to approach a settlement, and Greg basically said, now, and there's rumors, and they tried to get it into court, open AI, did yesterday.
[SPEAKER_03]: And they refused to let it come in that Elon was, you know, semi-threatening in saying, well, then fine by the end of the week everybody in America is going to hate you and Sam. [SPEAKER_03]: So, it's interesting to see how this is playing out. [SPEAKER_03]: It's really quite the Greg's team, Elon. [SPEAKER_03]: Greg is a team open AI. [SPEAKER_02]: He's one of the founders of Open AI.
[SPEAKER_02]: So, but he wants it to be open and so he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, [SPEAKER_03]: Yeah, he wanted for the money, apparently for the money, in fact, they were going through his journal entries yesterday, one by one.
[SPEAKER_03]: It was kind of tedious to the point where Greg was kind of droning on a little bit. [SPEAKER_03]: We know a few guys are like to do that as well. [SPEAKER_03]: About the founder, you know, founding of, you know, opening eye how it came about and the judges like our eye let's move on to the mission with what's let's go. [SPEAKER_03]: but he was they were getting through his journal entries and one of the journal entries is how do I get to a billion dollars the quickest?
[SPEAKER_03]: Well, he's done that at times 30 and obviously taking open AI public or about to take a public if they get their way and start to make a profit has worked very well. [SPEAKER_03]: We'll see if that's to holds up at the end of this trial. [SPEAKER_03]: Great. [SPEAKER_03]: It is crazy. [SPEAKER_03]: Open AI also has released its low latency [SPEAKER_03]: What is that? [SPEAKER_03]: Right. [SPEAKER_03]: That's kind of what I said initially, too.
[SPEAKER_03]: I think it's just fancy words for it's the multimodal version. [SPEAKER_03]: Instead of having to now communicate through just the chat, you can communicate through voice. [SPEAKER_03]: Oh. [SPEAKER_03]: And still be able to do all the great things that you were able to do through chat. [SPEAKER_03]: So it's again, starting to move down that line of advancement, so it's kind of typing. [SPEAKER_03]: You can just talk to it.
[SPEAKER_02]: Yeah. [SPEAKER_02]: Yeah. [SPEAKER_02]: So it's a... [SPEAKER_02]: I thought you could do that already. [SPEAKER_02]: Yeah, you can do certain degree. [SPEAKER_03]: It's a certain degree. [SPEAKER_03]: So now they're trying to make it more enterprise, friendly. [SPEAKER_03]: Yeah. [SPEAKER_03]: on the big bigger scale so you can you can work it back and forth and everything is communicating through there. [SPEAKER_03]: So, you know, interesting.
[SPEAKER_03]: It says voice is going to end up powering agents, call centers, robotics, and we already knew all that was coming down the line. [SPEAKER_03]: Excellent. [SPEAKER_03]: So, but you know, especially with the humanoids that Tesla is getting ready to unload and all of us, and we're going to see those all over America in no time soon. [SPEAKER_02]: Yep. [SPEAKER_02]: pretty cool. [SPEAKER_03]: Anthropic again making headlines has partnered with some of the big financial firms.
[SPEAKER_03]: Blackstone Goldman Sachs, HPF and the key takeaway here is it's really getting its fingers into everything and expect a surge in finance and regulated sectors. [SPEAKER_03]: Those are the most highly [SPEAKER_03]: A second set of agent like eyes on everything, but at the same time you need a second set of eyes on the agents. [SPEAKER_02]: That's the thing that comes this kind of a moment from one of the Austin Powers movies where he goes, and I've gone cross-eyed.
[SPEAKER_02]: That's right. [SPEAKER_03]: He's watching him, watching him, watching him, watching him. [SPEAKER_03]: So what do you do? [SPEAKER_03]: You create more agents to keep your eye on agents? [SPEAKER_03]: It's just a full circle until it comes back. [SPEAKER_03]: It's all it comes back to you. [SPEAKER_02]: Yeah. [SPEAKER_02]: Because you do need the human in the loop. [SPEAKER_02]: It's hard to keep tracking. [SPEAKER_02]: Sometimes.
[SPEAKER_02]: Literally like the fact that we've actually gone to this daily format, tells you how fast this stuff changes. [SPEAKER_02]: It's crazy. [SPEAKER_02]: It's crazy. [SPEAKER_02]: It's hard to keep up. [SPEAKER_02]: Yeah. [SPEAKER_03]: It really is.
[SPEAKER_03]: Speaking of a change that kind of quietly happened to Google, [SPEAKER_03]: Chrome is quietly installed for GB for gigabytes for GB for gigabytes of Gemini nano model excuse me model on to everybody's browser so it is quietly operating in the background there so you might want to check if you're working in in a business setting where you have to be concerned about your your privacy or your policies just check to check the the
[SPEAKER_03]: the cromes, uh, Gemini nanomodels terms to make sure that there are compliant with yours. [SPEAKER_03]: I would be my two cents on that to see how it integrates. [SPEAKER_03]: What's a nano model? [SPEAKER_03]: It's it's basically it's another name for one of their, uh, AI embedded models. [SPEAKER_03]: So it's going to be an enhancement as far as having AI in the browser. [SPEAKER_03]: We're doing already monitoring everything in search.
[SPEAKER_02]: I mean, I could say the words, hey, I was thinking about buying the new [SPEAKER_02]: Torch and by the time I get to the office, it'll be that'll be showing up as ads on my it's right It's crazy. [SPEAKER_02]: I think you just think about it and it shows up It's good thing. [SPEAKER_02]: That's what true.
[SPEAKER_03]: I think it's just Bluetooth right we're all Bluetooth and but you know what the It is interesting, you know Google will say they don't do that and but you know the got to read the terms and conditions You know, it's fine print. [SPEAKER_03]: It's boring, but [SPEAKER_03]: It's so important now, especially when you have, potentially, an agentic AI in the background operating or something to that effect. [SPEAKER_03]: Always good to be cautious.
[SPEAKER_03]: So Goldman Sachs is saying that the AI build up that's occurring right now with the infrastructure, all these data centers that are being announced, a lot of them being paused. [SPEAKER_03]: But a lot of them are still going forward is going to cause essentially AI inflation. [SPEAKER_03]: We're going to see an increase in cloud prices, you know, microchips, we've already been talking about this anyways, because those things are in high demand.
[SPEAKER_03]: I think it's kind of understood, sort of inflated electricity price. [SPEAKER_03]: Yeah, definitely electricity price, you know, possibly water too. [SPEAKER_03]: But. [SPEAKER_03]: If that does happen, then you know, ultimately these these big companies are probably going to pass along the services, you know, and we're going to see an increase.
[SPEAKER_03]: They've kind of lured us in with these, you know, introductory prices, but I would expect to come if you're budgeting out on your AI budget increases every year as to what the cost of those platforms are going to be. [SPEAKER_02]: you would think it would be the opposite.
[SPEAKER_02]: Yeah, I mean, you think, well, it also is a shortage, but I mean, you'd think that the innovation would, would, for putting those services, expanding those services and how much space there is and things like that, you'd think that the technology would, [SPEAKER_02]: make that advance so quickly that they can stay way ahead of the demand, but yeah, I runically enough, it's increasing costs and other places, right? [SPEAKER_03]: So but it is definitely saving in certain areas.
[SPEAKER_03]: So you got to pick and choose as to where we're the value and the right to return on your investment comes from and that's an important exercise to go through every time you're dealing with it, not just AI, yeah, for sure. [SPEAKER_03]: Amazon, AWS has also launched and got into the platform rate, race, Perry. [SPEAKER_03]: You know, it might be have to be one of the things that we consider this week. [SPEAKER_03]: And I haven't had a chance to look at it.
[SPEAKER_03]: It's called Amazon Quick. [SPEAKER_03]: This is their LLM. [SPEAKER_03]: Well, this is there. [SPEAKER_03]: Yeah, this is their enterprise AI assistant. [SPEAKER_03]: So yeah, and very much so similar to Microsoft co pilot Google Gemini, it'll be interesting. [SPEAKER_03]: I was kind of shocked, you know, that Amazon didn't have that already, but I haven't used it.
[SPEAKER_03]: So that probably makes sense, you know, Well, take a look, don't see what it's like, but I mean, like, I don't really need any help shopping on Amazon. [SPEAKER_02]: So I hope it's not helping with that. [SPEAKER_03]: It might just start doing shopping for you. [SPEAKER_03]: I knew you needed this, so I just put it in your part and sent it to you. [SPEAKER_03]: They must be partnering with UPS and FedEx and we don't think I could. [UNKNOWN]: You're right.
[SPEAKER_03]: So IBM is also, you know, really strengthening in its presence in the regulated environment. [SPEAKER_03]: And it's sovereign core, launches sovereign cores, what it's called. [SPEAKER_03]: And it's for the highly regulated AI company, such as the financial industry insurance industry health. [SPEAKER_03]: And they're really trying to embed all the, [SPEAKER_03]: all the policy enforcement right into their, into their code.
[SPEAKER_03]: So it is, uh, right into the infrastructure, therefore, when it comes from a governance side, which I'm, you know, very big on governance, this is awesome. [SPEAKER_03]: You know, the policies are ready embedded in in in in large parts. [SPEAKER_03]: So, uh, it's not going to allow things to happen just as a matter of, um, operation. [SPEAKER_03]: And it's great.
[SPEAKER_02]: I think people are, these companies that are the, for lack of a better word, Johnny come late, these are probably like, we should probably just go ahead and build this stuff and because, you know, it's coming. [SPEAKER_02]: Yeah. [SPEAKER_02]: I mean, I mean, the first the opening story was was that, you know, that people are starting to realize, hey, we've, we've had to put some checks and balances in place here. [SPEAKER_02]: This could be, this could not end well.
[SPEAKER_03]: Well, especially if you are dealing with sensitive information, if that's part of your business and you have privacy concerns or regulatory concerns and you certainly every compliance officer and every legal counsel and AI governance officer needs to really be cognizant of that. [SPEAKER_03]: And look at all these different platforms, IBM's a great one, it looks like as far as the its enterprise model. [SPEAKER_02]: Nice. [SPEAKER_03]: Yeah. [SPEAKER_03]: And then Connecticut.
[SPEAKER_03]: And I hear very friendly to me because I'm getting ready to launch Doc at daily, which is going to be updating all the AI laws every day. [SPEAKER_03]: Not only the AI laws, but the data laws, privacy laws, cyber security laws, I've created it. [SPEAKER_03]: I've trained it for months now. [SPEAKER_03]: I'm going back. [SPEAKER_03]: I'm doing a full audit. [SPEAKER_03]: I told you this morning, Perry, and it's coming along very nicely.
[SPEAKER_03]: It scours every government website, all the federal laws, proposed legislation, statutes. [SPEAKER_03]: Executive orders, court cases, regulations, same thing in all 50 states, and it summarizes it very nicely and plain English provides the original document source for the lawyers in in-house console, but one of the biggest, yeah, it really is a it's really Coming from a person that was looking for this information.
[SPEAKER_03]: It's really nice to have it on your desk and be ahead of the curve instead of being reacting to it and finding out, oh, you know, we might be in trouble here.
[SPEAKER_03]: So [SPEAKER_03]: Connecticut just passed a major AI responsibility and transparency act and essentially it's the broadest AI laws in the states yet and again that that just goes to further the notion that if you're operating across state lines right now and trying to stay on top of this patchwork of different laws that are occurring everywhere. [SPEAKER_03]: It's amazing.
[SPEAKER_03]: I told you there was already 2,000 entries in our database for Dr. Daley, and that's just from January 1st through today, May 5th. [SPEAKER_03]: So it's crazy how quickly it's happening, and that's, you know, you need to stay on top of it if you're in that space. [SPEAKER_02]: Yeah, that's going to be a valuable tool. [SPEAKER_02]: I wanted to come on that for sure. [SPEAKER_03]: Oh, there is definitely more to come. [SPEAKER_03]: That's soon to be launching.
[SPEAKER_03]: And I'm excited to be able to bring that to the world. [SPEAKER_03]: This is the first you've really talked about. [SPEAKER_02]: It is the first we get in close. [SPEAKER_03]: It's really getting close. [SPEAKER_03]: I mean, I told you this morning, it's really starting to work. [SPEAKER_03]: You know, I've been going through the iterations. [SPEAKER_03]: Making sure and refining it and training it. [SPEAKER_03]: I got so many different agents working for me in there.
[SPEAKER_03]: It's a whole workforce, you know. [SPEAKER_03]: They may be unionizing on me. [SPEAKER_03]: You go back to your computer and they'll all stand there with the world. [SPEAKER_02]: That's right, that's right. [SPEAKER_02]: We want to break. [SPEAKER_02]: Yeah. [SPEAKER_02]: I want some of that bourbon you've been drinking. [SPEAKER_03]: Yeah, hey, hey, hey, no, that's not a bad idea. [UNKNOWN]: Yeah. [SPEAKER_03]: Hey, so I hope everybody enjoys their Cinco de Milo today.
[SPEAKER_03]: There's not much going on in the crypto world. [SPEAKER_03]: It is up ticking still a little bit, probably still from the Bitcoin and Etherum influx that we're starting to see here early in May. [SPEAKER_03]: But I hope everybody has a wonderful Cinco de Milo and enjoys a margarita. [SPEAKER_03]: Cheers. [SPEAKER_03]: Cheers. [SPEAKER_00]: This has been Bourbon with Bragg. [SPEAKER_00]: Be sure to like and follow. [SPEAKER_00]: Cheers!
[SPEAKER_01]: The views and opinions shared on the bourbon with Brad podcast are our own, and those of our guests. [SPEAKER_01]: Nothing we discussed should be taken as financial, legal, business, or gambling advice. [SPEAKER_01]: Don't make investment, business, or betting decisions based on our conversations as you should always talk to a qualified professional. [SPEAKER_01]: Always drink responsibly, never drink and drive, and only consume alcohol if you are of legal drinking age.