E33: High Stakes in High Tech: Al Predictions and the Pitfalls of Pride

While Luke is motorbiking across Europe, Krzysztof is doing aerial acrobatics above Warsaw and dropping down on jet-skis, Bond-style. Luke reads about Ray Kurzweil's latest AI prognostications, which include discovering how to use hundreds of thousands of new compounds, leading to the promise of free energy and the need to capture that energy. Krzysztof, despite his $EOSE investment waiting to flower, cautions in favor of more tempered expectations with all things AI-pie-in-the-sky. $RLAY therapeutics being a good example: while it has the strongest AI platform in biotech, getting the drugs from clinical trials to revenue is a whole 'nother ballgame. Escape velocity in longevity science: fact or fiction? We discuss and debate whether we'll be young enough to take advantage of all the medical advances. Hint: Badger needs to replace the bourbon with some tomato juice! Read more here: https://www.economist.com/by-invitation/2024/06/17/ray-kurzweil-on-how-ai-will-transform-the-physical-world AI avatars are coming to British politics. Is this another sign that we're at some kind of AI bubble/market top? $NVDA, the poster child of AI, is an astoundingly great company. But does that make it a good investment from these levels? Krzysztof discusses the dangers of being an arrogant investor who disregards valuations and disparages the old in favor of the new, with absolutist thinking. See Walter Deemer's Special report from 2000 about investing arrogance: https://www.walterdeemer.com/m3spcl.htm Segments: [00:00:00] Intro[00:02:22] Ray Kurzweil on how AI will transform the physical world[00:11:03] AI Fakery in UK Politics[00:14:13] The Dangers of Arrogance in Investing --- A humble request to all our listeners: please leave us a review on Apple or Spotify if our Wall Street Wildlife episodes have helped you become a better investor. You can find more episodes of the podcast at ⁠wallstreetwildlife.com⁠, and you can follow us at: ⁠X.com/7LukeHallard⁠ ⁠X.com/7FlyingPlatypus⁠ Wall Street Wildlife is also on Instagram @wallstreetwildlife. --- Fed up with the stock market giving you a hard time? - Invest like seasoned pros with over 40 years in the game - Discover the world's leading companies - Sharpen your best investing practices and ditch the worst - Learn how to start investing - Essential investing principles to boost your returns --- investing in stocks for beginners, stock trading for beginners, stocks and shares for beginners, investing 101, learn how to invest, stock market for dummies