• #183: Talking A.I. – Terminator or Jetsons

  • Dec 11 2024
  • Length: 15 mins
  • Podcast

#183: Talking A.I. – Terminator or Jetsons

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  • Stephen talks about how embracing AI is the best way for the world to head into the future. It will be brighter and more creative. Dave Young: Welcome to The Empire Builders Podcast, teaching business owners the not-so-secret techniques that took famous businesses from mom-and-pop to major brands. Stephen Semple is a marketing consultant, story collector, and storyteller. I'm Stephen's sidekick and business partner, Dave Young. Before we get into today's episode, a word from our sponsor, which is, well, it's us, but we're highlighting ads we've written and produced for our clients, so here's one of those. [No Bull RV Ad] Dave Young: Welcome back to The Empire Builders Podcast. Dave Young here, with Stephen Semple. And Stephen told me that today he wanted to talk about AI, and I'm just assuming that the hammer's about to drop and that this podcast is now just going to be replaced by some kind of chatbot. Is that what you had in mind? Stephen Semple: How do we know it hasn't already been [inaudible 00:01:52]? Dave Young: Well, gosh. Good point. Stephen Semple: At the core of this podcast is this idea that we need to be looking outside our space and looking for opportunities and kind of being open to things. Dave Young: Mm-hmm. Stephen Semple: And I wanted to put a little bit different look on what I think the AI opportunity is and bring a little bit of historic perspective to a couple of things. So that's kind I wanted to do here. So here's the interesting part. Let's go back a hundred years. Dave Young: Okay. Stephen Semple: We're in the 1920s. We're in that period leading up to World War II. The Industrial Revolution is really getting going at this point. And if there was an economist out there looking forward and looking at the Industrial Revolution, here's one way that they could look at it. At the time, one out of three people worked directly in agriculture. A third of the people were farmers, and not support the agriculture, farmers. And today, it's like 1.5%. It's like out of a hundred people, there's a couple people who are farmers. None of us even meet farmers anymore. So if you were an economist and you called that correctly, you would say, "Wait a minute, the Industrial Revolution is going to wipe out one of the largest employers in the economy," it would be really easy to make the call, the economy is going to be a disaster. Our biggest employer is going to go from 30% to 1.5% of the workforce. So it'd be an easy way to call the Industrial Revolution. And it did work out that way, except, it didn't. Because here's the other part that's interesting is according to a study by MIT, now, this one doesn't go back to 1920, it goes back to 1940, 60% of the jobs that we do today did not exist in the 1940s. The vast majority of the work that we do today, almost 2/3 did not exist. So the economy created a whole pile of new jobs. But here's the interesting thing, it's not just high-tech jobs, it's ancillary jobs to that. So for example, heating and air conditioning repairman did not exist in the 1940s. Dave Young: Sure. Stephen Semple: While there was plumbing, a lot of homes did not have indoor plumbing. Being a plumber was not a huge thing in the 1940s. So it's not just these changes bring, you got to look at, "Oh, well, what are the jobs in AI?" there's going to be all sorts of opportunities that are going to present itself that we haven't even dreamt of or thought of that we got to keep our eye open to. Dave Young: I agree with that. I agree. I've not dived in headfirst into ChatGPT and all of the other AI things like so many of us, many our Wizard of Ads partners have done. And I'm not sure what it is about it that when I have dabbled, it's been a pretty good experience, pretty eye-opening. I've gotten some ideas, things like that. I'm not going to ask it to write anything for me, but I am asking it for some ideas,
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