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Money Rehab with Nicole Lapin

Elon Musk Told Advertisers To "F—k Themselves," Here's Our Hot Take

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.61.7K Ratings

🗓️ 4 December 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

Last week, three industries: AI, electric tech and social media began to shift— possibly forever— and Elon Musk is at the center of all of it. Today, Nicole answers the question: what does it mean for us, as investors, when one person has so much influence over the global economy? Plus, she gives her hot take on Elon’s message to the advertising world to, "go f—k yourself."

Transcript

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0:00.0

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:06.3

It's time for some money rehab. All right. This one is a doozy. Just last week three industries AI Electric

0:20.7

Tech and social media began to shift, possibly forever, and Elon Musk is at the center

0:26.8

of all of it.

0:28.1

So the big picture here is what does this mean for us as investors when one person has so much influence over the

0:34.7

global economy? But within that bigger picture the industry-specific stories also

0:39.7

have important money trails that we should definitely follow today and in the upcoming weeks.

0:44.9

So I'm going to start with the two relatively easier stories, AI and electric vehicles.

0:49.9

I can't believe that I just said that AI is one of the easier stories today, but then I'll

0:54.1

top it off with social media.

0:56.6

And for the Cherry on top, I'm going to give you the hot take on Elon's message to the

1:00.8

advertising world to go fuck themselves. First up AI. Last

1:07.1

week journalist Andrew Ross Sorkin interviewed Musk at the Dealbook

1:10.4

conference. It's an event put on by the New York Times. In this conversation

1:14.0

they covered a lot of ground from Musk's childhood to the upcoming presidential

1:18.4

election and yes of course AI.

1:20.7

Sorkin wanted to get the T of course about Open AI the company that created

1:25.1

ChatGBT from Musk. Now the drama all began when the CEO Sam Altman was

1:30.4

ousted for all of four days and then the tables turned. Altman was brought back a CEO and the board was fired.

1:37.5

I went into this in depth on the show as it was happening and I linked that episode description in the show notes in case you missed it.

1:44.8

I was really interested to hear Musk's take on this because Musk actually helped found open AI and

1:50.9

like him or hate him he is one of the most important minds in tech right now.

...

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