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There's no one like you and there never will be. From the producer of Bohemian Rhapsody.

There were many legends, but there was only one.

Michael in IMAX and Cinema's Wednesday, April 22.

Right now, you saw what happened with AI, right?

And you got the reports that came out, and Rob, I don't know if you have the stories or not,

where, you know, Oracle is letting go of, I don't know, 20 to 30,000 people, meta, let him go. And everybody's like, well, you know, Jack Dorsey announced he's firing people, letting go 4,000 people stock goes up, meta, stock goes up, Oracle. You know, they react positively. And so if all these guys, and by the way, Mark Andresen, respect to him, he came out and said something. I don't know if you guys saw what Mark Andreessen said yesterday. Did you see what he said about the whole AI thing? Okay, Rob, if you want to play this clip, because this is going to lead to a question for you guys to see what you'll say. Go ahead, Rob. Yeah. So you have friends, I'm sure, who were great coders before AI and are now using AI for coding. What's the thing that they all report?

They're far more productive. They couldn't live without it. And? And are they working

more or fewer hours than before? Fewer. More. More. Yeah. So this entire labor displacement thing is 100% incorrect. It's completely wrong. It's classic zero-sum economics. It's the lump of labor fallacy. It happens over and over and over again. It's always been wrong. It's going to be wrong again. Do you even believe it for mediocre people? And I know that sounds very judgmental and horrible,

but most social media managers mark a crap. I'm getting in trouble for this, not you.

If you get a social media tool that is AI driven and can replace an average social media

manager for AT&T, surely you'd do it.

I don't say this to be insulting, but it's the classic Marxist analysis, right? Which is there's a certain amount of work to be done. And either the machines do it or the humans do it. And so, you know, surely those jobs go away. The answer has to be, and this is what technology is always done, and this is what AI is going to do, and this is why I went through the long description that I did of the hyperdemocratization of AI. Every single one of those people who's a social media manager today now has AI. They all have AI. They all have AI or they're about to have AI. And they're going to have it at their fingertips. And if they want to, and then anything that they want to do in their life, in their work, in their career, in their profession, in their job for the rest of time, they're going to be able to use AI to do those things. And they're going to be able to use AI to become a better version of themselves.

They're going to be able to use AI to be able to learn new skills. They're going to be able to use AI to become more productive at work. They're going to use AI to be able to not do a lot of the grunt work they're doing today so that they can do higher value work. And then now I'm just talking classical economics, which is just, you know, the kind of the other side from Marxism.

Classical economics says that the actual function, the actual economic function of technology, and this includes AI, the actual function is to raise productivity and specifically to raise marginal productivity of the individual worker. And again, this has happened many, many times. You take an individual worker who used to write a pencil and paper and you give them a typewriter, and then they used to write on a typewriter, and then you give them a word processor. I'll read the rest on what he says. He says, essentially, every large company is overstaffed. It's at least overstaffed by 25%. I think most large companies are overstaffed by 50%. And I think a lot of them are overstaffed by 75%. So what does this mean? You know, we saw what Jack Dorsey did,

laying off 40% of them. Rob, what was the average salary? I know Meadow was 379. What does

Oracle's average salary payout is? What is the average salary at Oracle? Oracle is 139 to 400.

Meta was 379. So if these guys are letting go these jobs, and listen, we don't need them.

Profits are going to go up. And, you know, Bloomberg story says more than half of USS AI will likely

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