AI Doesn't Write the Check — Humans Do.

0:26AI does not write a check for a million dollars. or send a wire for a million dollars. And that's why you have to be very careful about where and how you use the technology. But I get what you meant, Mark. But nonetheless, I have made it my personal mission to know as much about AI as possible. What helped with that is that I already have a background, not only as a CPA, but then I got my doctorate in accounting information systems. So I've done a lot with accounting software and ERP and kind of that tech. So I've been building upon that myself personally and for the clients, and I teach in that area at the university as well.

1:10But you can't put the genie back in the bottle. This is out there. So how do we use it safely? How do we use it in an enterprise environment that's private, that's locked down, where other people aren't training off of our data, our confidential data, and where there aren't loopholes or cybersecurity openings where there can be hacking or there can be a release of confidential information. And so it's technology that we all have to embrace, like it or not. If you're at the forefront of it, I believe you have a competitive advantage in whatever you're doing. And it's going to disrupt every industry that we're investing in, and it's disrupting family offices.

1:57So fasten your seatbelt and be prepared. I think there's two emotions in the world, fear and love. I think the people behind this technocratic, autocratic people want, first money was our God, now AI is going to be our God. I think as humanity we need to come together and work closely, and I think it's really disgusting how humans are treating each other and talking to each other, and no other species would do this to each other. and our world was pretty good before we had something that could read computers faster. So if you really look at our society, did LinkedIn change our society for the better?

2:35I mean, has Google provided water for us or anything or food? So you look at these wherever we're going, and if you know the mentality, we've got to look out for each other, really, at some point.

2:51Especially if you have children. What are we creating here? What are we leaving? Something who gives a damn about a robot. Our life was good. I want to hire the guy down the street and make sure his family has a fucking good Christmas. I can give a shit about the robots. It's exhausting to me. You're always going to get the truth from Dan. Say, I hope it gets that way for all of us soon because it ain't going to be funny. Once AI starts having offspring, that's when we're going to be. Anyway, go ahead. It's the people behind the AI. It's not the AI. If the AI is being programmed by high-value, high-quality people, we wouldn't have an issue, but we don't talk about control and power.

3:35Yeah, I mean, that's a little bit of a scary thought. I don't want to think about AI having kids, potentially. Oh, my God.

3:47But it is, so it's very... We're already second class. Humans already feel second class. Kind of. Well, at the same time, it's also just a stool. There are so many things that we're saying right now that you could say the exact same thing about Facebook in 2010 or 2012 or an iPad in 2014. It's something that everybody now has access to that's changing the frontier and what it means to be on the leading edge of something so quickly. that even somebody who was, say, like a breakthrough person in AI just a year ago or even just six months ago may be kind of entirely lost and may have entirely been leapfrogged by somebody who's just gotten in with the latest tools now.

4:36But it is also available to everybody. And kind of the lesson of, Disney has a lot of wonderful lessons, but one more than most is that, if everybody's super, nobody is. So if everybody's got access to this AI and also hyper-specialization in it can enable you to do things that most people can't even dream of with the tools that they have available to them now, that kind of hyper-specialization is only even more valuable than it used to be in the kind of normal corporate softwares of 10 or 15 years ago. Well, I want to thank this panel for really great insights and see them out in the hall later on.

5:21Hi, I'm Richard C. Wilson. Our community has closed over$1 billion of transactions. We have over 16 million registered members across 100 plus LinkedIn groups. And I own billionaires.com and run Family Office Club. Over 19 years, we've hosted 300 live events. I've built 50 of our own AI tools. And between the billionaires I've interviewed, this and the millionaires who have spoken on stage and over a thousand decamillionaires have presented, we've found there's three things that really can build your wealth. Proximity, super intelligence, and scale. That's exactly what we provide at Family Office Club.

5:58We host 30 events a year, including five large summits for wealthy founders and investors, dozens of workshops and masterminds, including 12 artificial intelligence, laptops out, implementation workshops. So you leave with AI implemented. To learn more, please go to familyoffices.com and I look forward to personally meeting you at our next live event. If you are a founder, raising capital, developing real estate, or you're an investor, we'd love for you to get involved in the Family Office Club. I've run this community for 18 years now. We've hosted 300 live events. We have 17 million social media group members and followers.

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