421- Real AI with Nuno Neves Cordeiro

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 6 June 2023

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Until very recently, a lot of talk about artificial intelligence conjured dystopian images of Skynet, the Matrix, and HAL-9000 instead of a browser window answering homework questions or rendering bizarre reproductions of famous artwork. However, the recent releases of some powerful AI tools has reframed the popular understanding of what AI really is, and the investing world has taken note. At times when technology takes an exponential leap forward, how can companies avoid being behind the curve? Following some recent discussion about the prominence of artificial intelligence in the current cultural conversation, Phil and Danielle brought in an expert on the topic (Nuno Neves Cordeiro) to clear the air and answer some of their lingering questions and dispel some of the pop culture myths surrounding AI. To clear up some other common market misconceptions, click here for a free copy of the The 3 Greatest Stock Market Myths Ever Told: https://bit.ly/45NycoE Today’s Guest: Nuno Neves Cordeiro (LinkedIn) Topics Discussed: Rule-based vs machine learning APIs and AI Fears about AI replacing humans Resources Discussed: ChatGPT Bard Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We're a Callin' Chip from The Fellas, and this episode is brought to you by the new movie Strays!
0:07.9	Strays is the hilarious dog comedy that you've been waiting for. The story follows Reggie
0:12.5	and foul mouth book, who along with their pack of strays embark on an epic adventure of revenge,
0:18.2	doggy style. And of course, it gets even better because it's voiced by Will Ferrell and Jamie Fogg.
0:23.8	So gather your mates! Oh, I will, my friend, but
0:27.4	Strays is in cinemas August 17th.
0:39.6	Hey everybody, this is Phil Town. And this is Daniel Town. Welcome to the invested podcast
0:45.4	where we try to, how do we say this? Deconstruct. More in Buffett and Charlie Mungers,
0:53.2	most incredible investing strategies that have produced more millionaires and billionaires
1:01.8	than anything I know of, other than starting your own business. Wow, that sounds like this
1:06.6	kind of statistic that's difficult to disprove. I think that...
1:10.8	Oh, just go with me one of these times, just go right with me. No, no.
1:22.4	I mean, I think it's great, but more millionaires and billionaires than you know of anything else
1:29.4	doing. It's perfect. Yes, and I have backing me up on that. That's not just me,
1:36.4	just some guy. This is backed up by Lilo, who is one of the most respected investors in the world,
1:44.9	and has compounded money in the high 20s now for about almost 25 years.
1:51.3	And is the only person that Charlie Munger has ever put money with besides he and Buffett
1:56.1	managing it? Phenomenal investor. And he said exactly the same thing.
2:00.8	At this strategy of investing, it has produced more success than any other strategy in history.
2:08.4	And almost like there's no second place. I mean, it's got to be right. It's almost like
2:14.0	calling it a strategy as a bit silly because it's just when you get down to it,
2:19.4	finding good stuff and you're putting your money to support the good stuff so that it can grow bigger.
	...

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