Something is going on with A.I.; AI is writing AI; smarter than us.

What this episode covers

00:03 Something is going on with AI folks. First started telling you about this after a friend of mine um sent me an article about this written by a software engineer who also found AI startup companies. And he said, something started happening about 18 months ago with AI and regular people might've missed. That's why you've seen a lot of software engineers fired. AI for the first time wrote itself. 00:32 In other words, all the other versions were human written. This one was written by AI. Well, now we're in the second generation of that where AI is writing AI. The AI is smarter than us and it's writing itself. And this has led to a high speed revolution in how good AI is. What was interesting about the article is that the author said, listen, you may not be seeing this if you're just using the free version of ChatGPT or you're using, you know, 00:59 the Grok free version. said, get a subscription to whatever your industry's AI is. Usually there's a 20, $30 a month subscription and you'll see it. It'll blow you away. And in the article, one of the great examples was a millionaire, very successful attorney who used to have a whole staff of junior attorneys researching cases for him. He doesn't anymore, the AI does it. And he said, I never thought that AI could replace me though. mean, 20 years in the... 01:28 courtroom, my strategy on cases, all of it. And he said, in the last six months, the AI has gotten better than me. It can argue cases better. It thinks better. It thinks of strategies I never thought of. He said, it can replace me. And he said, I'm really glad this didn't happen at the beginning of my... And he's a partner in the law firm. Do I have your attention now? Well, Ken Griffin, billionaire, CEO of Citadel, investment firm, right? 01:57 And if you know anything about investment, my husband used to be a banker. You know anything about investment firms, investment banking, the best and brightest financial minds of Princeton and Harvard and all of the Yale and all those places, they go get masters and then they would go into these big investment firms doing strategy. The firms extremely competitive to hire the brightest and best minds of their generations. Until now. 02:22 Listen to what Ken Griffin said about the AI that they are using now inside of his company, Citadel, because it has repercussions for all of us. And I'd love to know if something like this is going on in your industry. the last few months, there has been a step change function in the productivity of the AI toolkit. It is profoundly more powerful than it was just nine months ago. 02:52 And for us at Citadel, that has allowed us to unleash a much broader array of use cases for AI. And it has been really interesting to watch, to be blunt, work that we would usually do with people with masters and PhDs in finance over the course of weeks or months being done by AI agents over the course of hours or days. So these are not. 03:21 These are not mid-tier white collar jobs. These are like extraordinarily high skilled jobs being, I'm going to pick a word, being automated by aogenic AI. And I got to tell you, I went home one Friday actually fairly depressed by this because you could just see how this was going to have such a dramatic impact on society. 03:50 And when you witness it your own four walls, when you see work that used to be manures of work being done in days or weeks, it's like, wow, like that's the first time I've seen real impact in our four walls. And it's changing so rapidly. um And just basically bottom line, especially if you've got a young person going to college right now or trying to, know, ask them a question, what do do with my life? 04:20 something that has a physical component is the answer. Had a very interesting conversation with a waiter who was on his way to Clemson. was my husband and I, our waiter this weekend. And so I was asking him, what are you gonna study? And he said, I'm gonna stu ...