Speaker 1: 0:00

Felix here and welcome to this live stream. Elon Musk is just sued OpenAI and its CEO, sam Altman, and therefore, indirectly, really also Microsoft. Elon is saying that chatGPT's owners, openai, are a not-for-profit company and that they have abandoned the not-for-profit stream, and that is in breach of the founders agreement. And Elon Musk is an OpenAI founder. He left. It was 2015, 2016, something like that. He did put $44 million into that and he therefore is one of the very, very few people actually able to sue OpenAI on this, because he's got legal standing, because he's actually part of that original deal. This could be a real game changer for the whole AI industry rally how we can make money out of it, the companies that will profit and the companies that will lose from this lawsuit. So it's really important to understand this. That's what I want you to want to walk you through this here today. Now, I am, of course, not a US attorney. I was an English lawyer for a little bit. I'm not sure that exactly qualifies me, but I can at least understand the language used here. So I will walk you through it. I will show you the actual case filed in the Superior Court of California. You are super welcome to chime in. Put your questions in the live chat. We can make this a debate. There are definitely some things that happen in the air that we could have a discussion on. Why is Elon doing this? Why is he suing OpenAI? What is the ambition? It's probably not the $44 million he wants back. That doesn't make much of a difference to the richest man in the world. So what's really the end game here? I think that's what we need to understand, so let's dive straight into it. I'm going to share my screen with you so you can see what I can see. And here it is Elon Musk, an individual, suing Samuel Altman, gregory Brockman, openai Inc. And then a bunch of other OpenAI organizations that are all part of that, and we're going to go through this. But he's essentially saying we want to stop you from monetizing chat, gpt, and that would obviously be a huge problem for OpenAI. It would be an enormous problem for Microsoft, because the whole Microsoft story right now is based on their exclusive ability to monetize what OpenAI puts out. So this is really a big, big deal. So let's just look at this graphically, just so you're really clear of who the parties are. Here you have Elon and he is suing OpenAI and founders or board rather, I should say. And Elon put originally $44 million into OpenAI. He's a founder, he's party to the founders agreement. Now there is another party that's very, very closely linked to this and that is Microsoft, and Microsoft has the exclusive right to essentially monetize OpenAI. So they make all the DOS, or certainly a lot of it, and then OpenAI gets some of it. And if Elon wins this and is actually able to stop the monetization of OpenAI, then well, microsoft is in hot water. The other interesting part to this will be that we might actually finally find out what the hell happened when Sam Orphein got fired and then rehired, and then fired and switched to Microsoft and went back to OpenAI and all of that.

Speaker 1: 4:30

I was always going to have summary percussions. Well, here they are. So it says here let's scroll through this a little bit, we don't need to care about the parties, we just highlight that who they are, risk of artificial intelligence. So this whole thing is clouded in the idea that AI is a danger and Elon is sort of here to protect us. Is that really why he's doing this? Mr Musk long recognizes that AGI poses a grave threat to humanity, perhaps the greatest existential threat we have and so on. So that's kind of that.

Speaker 1: 5:08

And the whole idea of OpenAI and Elon being involved comes from when Google acquired DeepMind, which is sort of the early LLM idea in 2014,. Elon tried to stop that. And what did we do? And when that deal went through anyway, elon decided he would back something else. So Sam Altman, who was the guy running Y Accelerator, which is one of those big startup accelerators in California he was sort of on the same wavelength and was decided that he would run this. That's how they have founded it. So Mr Altman apparently shared Mr Musk's concern on the threat posed by AI, essentially. And Mr Altman approached Mr Musk with a proposal that they joined forces to form a non-profit AI lab that would try to catch up with Google in the race for AI, but it would be the opposite of Google. And then, with Brockman, they agreed that this new lab would be a non-profit for the benefit of humanity, seeking to maximize and not seeking to maximize shareholder profits.

Speaker 1: 6:24

The open source and is chat GPT for open source? Nobody knows what the heck. It is right and that's essentially what Elon saying Nobody knows what that is. And, reflecting the founding agreement, mr Musk named this AI lab OpenAI as an open to everybody, which would compete with Google's deep mind and the idea. What it says in the founding agreement, which Musk was part of. It says the resulting technology will benefit the public and the corporation will seek to open source technology for the public benefit. The corporation is not organized for the private gain of any person. Now that's obviously changed significantly. Here we go. Mr Oppen became OpenAI CEO in 2019.

Speaker 1: 7:20

In 2020, openai entered an agreement with Microsoft, exclusively licensing to Microsoft it's GPT-3 language model. Now OpenAI basically told us what GPT-3 was doing and how they were doing it. Therefore, other people could benefit from this. This license only apply to the OpenAI pre-AGI. Agi is like once the robots take over. That's kind of that. So Microsoft has no rights to that.

Speaker 1: 7:54

Now Elon is alleging that OpenAI has already reached the stage where the robots can run the world. This is no longer just an LLN, no longer just a language model. He's also saying that GPT-4 here the most powerful model yet is not just capable of reasoning. It's better at reasoning than average humans. It's scored in the 19th percentile of the Uniform Bar Exam for lawyers, scored in the 99th percentile on verbal assessment. It's even a better wine sommelier than most of us, which is funny. So the GPT-4 design is a complete secret. We know, openai knows it and Elon is alleging that Microsoft might also have that insight. So the secrecy is primary driven by commercial considerations, not safety, or they're developed by OpenAI using contributions from Elon Musk and others that were intended to benefit the public.

Speaker 1: 9:01

Gpt-4 is now a de facto Microsoft proprietary algorithm, which it has integrated into its Office software suite, which, it's true, the bloody thing popped up on my desktop the other day, literally just in the corner, and I see it. It just pops up. It's still there. Try to get rid of the bloody thing. But it literally just popped up and said, hey, ask me a question, and it's like Bing, powered by bloody OpenAI. So they are definitely selling this. I mean, we know that GPT-4, he says, is an AGL algorithm and therefore outside of Microsoft's exclusive license.

Speaker 1: 9:49

Microsoft has actually said that GPT-4, we believe it could reasonably be viewed as an early version of artificial general intelligence and artificial general intelligence. It's not just answering stupid questions, it's actually genuinely intelligent. It can actually do things, it can reason and it can come up with decisions down the road and, moreover, openai is currently developing a model known as Q-Star, that has an even stronger claim to be AGI real general intelligence but therefore Microsoft should not have permission to promote this and make money out of it Now. Then they go through this whole resignation and firing of Altman and Brockman and all of that madness we had late last year, and one of the most interesting things about this when this goes to trial is, well, we're going to get discovery, we're going to actually find out what the heck happened, and I doubt that Microsoft looks great once we know that. So I think for Microsoft, this is an interesting one.

Speaker 1: 10:58

Now, pre-market Microsoft is down slightly, not massively slightly. I think a lot of people don't quite understand yet what's going on here, but I think this is a significant threat to Microsoft, and here Microsoft CEO boasted that it would not matter if OpenAI disappeared tomorrow. We have all the IP rights and all the capability, we have the people, we have the compute, we have the data, we have everything. We have below them, above them, around them, and CEOs open their mouth right. And this case is filed to compel OpenAI to adhere to the founding agreement and return to the mission to develop AI for the benefit of humanity, not for individuals and the largest technology company in the world, ie Microsoft. So he's basically saying I want to pull the rug from under your business and from Microsoft's business, and there's a couple of ideas there, right?

Speaker 1: 11:59

Who's this good for? Who's this bad for? I do chime in in the chat. I'd love to hear what. Why do you think Elon's doing this? Do you think he's actually out to save humanity or do you think there's something a bit more sinister at play here? So, who is this bad for and who is this potentially good for? Well, bad is pretty easy. It's definitely bad for Sam Altman. It's definitely bad for Microsoft and its shareholders, of which I'm, of course, one. It's good for who? Well, arguably it's good for Google. If the whole thing becomes open source, then Google's got the same information. It's probably good for Amazon, who are working on their own AI. It's probably good for Grok and therefore Elon and anybody else you can think of. I mean anybody, basically, who's building some sort of AI competitor. Right, matthew says be good for Google. I doubt it'll happen.

Speaker 1: 13:07

Why would a founding agreement be valid in perpetuity after the founders have split up? Well, it's a legal binding contract that sets the foundation of a company. Once you deviate from that, it's a good question Like does that ever expire? I, when you set up a not-for-profit company, you can't just run a sort of for-profit on the side, and that's kind of what they're doing, right. So they have the subdivision that they are basically saying is run for profit, but the main thing isn't. But the subdivision takes all the knowledge and research from the main not-for-profit business and people do do that, but it's definitely shenanigans, certainly morally questionable. Whether it's legal or not we're going to be about to find out.

Speaker 1: 13:56

I would say A good for Skynet, possibly Good for all of us, says Larry. Yes, I think that's really the other thing here. It's good for basically everybody except for Microsoft, because if we don't have to pay open AI for chat, gpt-4, which I do then well, it's free and anybody can do it. So then the only question becomes how does open AI pay for the computing power which is Microsoft? Right, microsoft powers them. That's really the next question. I suppose that's why they did this deal with Microsoft, intel as a partnership. Yeah, maybe good for Intel. Yeah, I don't know. I mean, in a sense, the AI cat is out of the box, so it's not like it's going to go away. So your NVIDIAs and your Intel's and your AMD's and so on. There's still going to be that demand for computing power, possibly actually more if the underlying software becomes open source and therefore free right. So it's kind of an interesting. I'm good for Tesla robots, possibly Tesla. We could maybe add that to the list as an AI play to have access to that. So let's just go through the remainder here of the court document.

Speaker 1: 15:24

So Musk is saying this goes through the history of how they came up with open AI and he basically was worried that DeepMind, which was acquired by Google, would have a monopoly on AI and they thought there must be a way we could do something about that. Because they weren't a big fan of Larry Page, I get the feeling and in 2013, musk had a passionate exchange with Mr Page which is code for a wrestle to the mud about the dangers of AI. He warned that, unless safeguards are put in place, ai systems might replace humans, making our species irrelevant or even extinct, and Page responded it would merely be the next day of evolution. And Mr Musk was being a species that he favored the human species over intelligent machines. Mr Musk responded well, yes, I am pro human. I think I think I'm pro human and yeah, then they run through basically the last and they must sit down with, with Luke Nozak, who was another PayPal guy, and they were trying to convince Hassabi's, who he owned DeepMind, to not sell it, and so on. But anyway, if they, google managed to get their hands on it.

Speaker 1: 16:43

And then this is the story about how they got together with Altman, who was the president of Y Combinator, which is a startup accelerator in in San Francisco which we've actually applied to for one of our projects. Mr Altman appeared to share Mr Musk's concerns and they then set up essentially open AI. That's sort of the, the, the gist officer, now the founding agreement. Altman some open proposed that we structure it so that the tech belongs to the world world via some nonprofit, but the people working on it get start up like compensation if it works. Obviously we combine with aggressively support or regulations. It'll be worth a conversation. The mission would be to create the first general AI to use for individual empowerment, which is what we've got open AI, and the technology would be owned by the foundation, used for the good of the world. That was kind of it and that's what they agreed on.

Speaker 1: 17:54

Now they have obviously let's scroll forward a little bit here. So the certificate of incorporation has the founding agreement in it. The resulting technology will benefit the public and the corporation will seek to open source technology for the public benefit when applicable. Now there is a when applicable caveat in there, whatever that means, and that's kind of important. We can only highlight if we're logged in, which we're not. The property of this corporation is irrevocably dedicated to the purposes in article three. No net income or assets shall ever inure to the benefit of any director officer. Blah, blah, blah up. On the dissolution, all assets will be distributed to a nonprofit fund, foundation and so on. So it's a proper nonprofit.

Speaker 1: 18:49

And then here we got, got masks roll in this as a sort of the underdog, essentially going against Google and through. We can skip past us a little bit. And then, yeah, how they reaffirmed this agreement again and again. This is just kind of legal stuff. Now here's open AI, is corporate structure, and this has changed a lot. Let's get to the juicy bit here Open AI blah, blah, blah. Let's scroll past this a little bit. Okay, the founding agreement is breached in 2023.

Speaker 1: 19:34

So Elon says that the threshold of a GI has been reached, and a GI is kind of the idea that it's actually generally intelligence and that, at the moment, chat GPT for is smarter than 90% of Americans. Sorry, chaps, but that's that's. That's basically the truth. Now, the internal designs of chat GPT remain a secret and no code has been released. Open AI has not published a paper describing any aspect of the internal design, and only open AI and possibly Microsoft know it and therefore it is no longer open AI. Microsoft stands to make a fortune selling GPT for the public, which is definitely true, and it's therefore contrary to the founding agreement.

Speaker 1: 20:30

Okay, I think that's that's sort of the gist of it, really, that it's just not. It's not, it's not open source. Is it Elon having monkeys? Julia, yes, yeah, there is that, isn't there? The brain and plot thing, right, they do that on monkeys. I'm not a fan of that. Did Microsoft obtain opening AI through acquisition? No, it's a deal whereby Microsoft, I think, invest something like $11 billion Most of that is most of that is basically computing power, right, because that's what they really need and in return for that, they got a license to an exclusive license to basically monetize chat GPT. That's basically the deal. Good morning, lisa. That's what we have today.

Speaker 1: 21:34

It's surprising the market hasn't reacted more to this. I think most people are still asleep on this. But look at Bloomberg, for example. It wasn't even a headline, which is also kind of interesting. Maybe Microsoft is a large shareholder advertiser. The bigger headline there seems to be that NYCB, the New York Bank, is down another 26% after it was already down 50%. Here we go. Bloomberg's opinion you don't mask us right about open AI hypocrisy Interesting.

Speaker 1: 22:05

They used to do it as an opinion piece, which is a sort of legal protection as in. We don't have an opinion on it, but one of our more nutty writers thinks this. That's normally the way you do it if you don't want to get personally involved. Maskers sued the world's leading AI company and its CEO for breaking their founding agreement about building AI for the benefit of humanity. Open AI has been transformed into a close source, de facto subsidiary, of the largest tech company in the world, microsoft. This is what he just filed. Let's bear in mind why Musk might be suing you hold a grudge. He tried to buy the company. Actually, musk did want to. This is kind of an interesting twist on this. He wanted to make money out of open AI and that didn't work. Then he set up XAI, which I'm not sure what that's really done. It's kind of interesting. Musk founded OpenIrith in 2015 with open AI. Here it is. We've just kind of run through that.

Speaker 1: 23:19

Let me know what you make of this. What do you think of it? Do you think it's going to have an impact? Do you think it's just another billionaire throwing his weight around, or do you think there is actually something to it? At least it could be very entertaining if we find out what the heck happened when some open got fired. How will this affect the stock price of Microsoft? That's a good question. I would think this puts some risk on Microsoft, because Microsoft's growth story is essentially all about AI. It hasn't done a lot so far, but volume has been super, super, super low.

Speaker 1: 23:55

This morning. Everyone's hungover or something. Since this came out last night, we haven't really seen much. We're down 0.2% on this. I guess people are just waiting to see or they haven't realized what's going on yet. Dmx has X going to give it to you.

Speaker 1: 24:13

I know what you mean, danzo. Someone's in here. He wants to free Palestinians. I'm not sure who they are. It's probably slightly the wrong crowd. Stump the like button, says Josh. Absolutely, that would be absolutely appreciated.

Speaker 1: 24:29

Danzo wants to live in a planet of apes. You already do, don't you? We're all apes, we're monkeys. I'm a monkey, you're a monkey when I see the monkeys. If you've got monkeys there when we hike, just like you and me, just slightly smaller, really, do you think AI will be our great filter? What do you mean by that? You mean as in censorship?

Speaker 1: 24:57

Okay, boris is a little cynical on this. He says not enough to pump the Tesla share price. He's doing this. Tesla is also done. Just as I say slightly 0.26% this morning. Nvidia is definitely unaffected. Up another 1.1% here in pre-market.

Speaker 1: 25:15

Let me zoom out a little bit. Trading at $800. Perfectly round $800 here pre-market. Not quite all-time high. Maybe we're at 1.80. We're at 823, I think was the high just about four days ago. Definitely a positive sign there. What a pretty red sweat up. Thank you very much. It's unusually cold here today in Hong Kong, which is not what really happens here. Tesla will break out of the 200 resistance. I like Tesla cheaper, but it's starting to. It still needs to break, I'd say, the 213 to really develop something bullish here. It's a positive-ish consolidation down here, but nothing major. We could do a bunch of higher highs, higher lows, but let's see what happens there. Good morning. Good morning to you, stephanie, one of our four women who are permitted to tune into this stream, if you've just tuned.

Speaker 1: 26:22

In a quick summary, elon Musk has sued OpenAI and this jab here and I'll show it to you. There is Sam Altman, who looks shocked at the World Economic Forum, which is where all the loveliest people congregate. Always the ones who've got the real best interest of humanity at heart will be economic forum crikey. Essentially, what could be the damages? I suppose that's the thing to really think about. What could be the economic impact? 44 million is what Elon put into OpenAI. That isn't really going to make a dent. But he is asking for an injunction which would literally stop Microsoft from selling chart GPD4. That would hurt. That would hurt Microsoft a lot and it would benefit pretty much everybody else out there.

Speaker 1: 27:19

Flurchen, I appreciate that you are learning something here. Larry says there's this huge news. We now know AI is at the point the world wanted to be and feared. It sort of means the billionaires are squabbling over control, and I think you're right. That kind of means. We are kind of getting to the point where this is getting serious.

Speaker 1: 27:45

And what was that film. It's sort of a 90s film where people are living kind of semi in space. I can't remember what it's called Great references. I'm sure there was only one film in the 90s set in space and it reminds a bit of that for some reason. You know who's going to control this Because ultimately, whoever controls AI controls the news and search and advertising and money. Right, it's all about money.

Speaker 1: 28:15

Logan, you notice the lighting? Yes, we had a lighting team here today and they did this. What do you think? I think it's almost there. It's a little bit of shininess up there, for example, but we're getting there. I think it's starting to look a little bit better. We did it in the daylight, so in the dark it looks a little almost there. I think it's a little blue perhaps, but we get there. Let me know what you make of the lighting.

Speaker 1: 28:42

Weeball plans to go IPO through a SPAC. Remember 2021, 2022, 2023 and what the SPACs were Rarely, a good idea. I would stay the heck away from SPACs. I wrote in a saying have you heard about Bezos and Zuckerberg and Bill Bill, the Great Microsoft Bill? Yes, they've all sold tons of stocks and obviously no one's got any idea why. But have a look at this and zoom out. This is the S&P 500. Here we go. Any idea why they might have sold? Any idea at all. You know we're at crazy, crazy, all-time highs and those guys are obviously thinking that it's time to de-risk someone. So you know, everyone else is yoloing into Nvidia or something. But yeah, adam, nice to see you on the stream. Welcome, hello to you as well.

Speaker 1: 29:47

Neil is saying equity issuance is the same as issuing more shares. Yes, dilution, inflation, if you will. Jimmy likes the lighting. Thank you very much. I call them Island Bill now. Oh, yes, that's a good one. You should call them Island Bill. I like that too.

Speaker 1: 30:05

They have cash now. Yes, they have cash now. They have a lot of cash. I mean, they have a lot of cash before our lovely billionaires, but now they have a lot more cash and then they can get up to shenanigans like this and squabble over who really controls open AI, because if it's open source, it's a level playing field. Everybody owns it. Nobody owns it. At the moment, microsoft owns open AI. I think that's definitely true, but this is likely going to go down the route of finding out a lot more about what open AI does and how it works and what Microsoft's involvement is and in the control, and why Sam Altman got fired and then went to Microsoft and then got rehired and all that kind of stuff. So this could be a real treasure trove for those of you who are nosy and definitely one of the nosy ones, open source for me is HP Brown.

Speaker 1: 31:00

I love that Nikro is asking about Galileo. Does it make so far more than a bank? It makes them a bank without owns the tech stack, which very few banks do. So yeah, I would argue that it makes them a little bit more than a bank. It's sort of a tech company slash bank. So pre-market Microsoft is down a quarter of a percentage point.

Speaker 1: 31:37

You might have thought it would be more with this. Obviously, people are not taking it that seriously. Yet Tesla down half a percentage point. What does that mean? Does that just mean Elon's getting distracted again? Is that what this is about? Apple down 0.6% and video keeps going up, no matter what. It's trading at $800 glorious and Meta and Google are basically flat. Now you would think Microsoft would lose some of this. Google, meta, amazon, apple, possibly Tesla would benefit from this, because if everybody could use chat GBT4 for free, that would help. I certainly think it would Now smash the like button.

Speaker 1: 32:16

If you have any questions on the Elon lawsuit against Open AI, here it is in its full 46 page glory. We have just run through it. But you are very welcome to obviously ask me questions. I'm not happy to do a recap. The other big news this morning is that NYCB Bank, that's the New York Community Bank, is down 21% and that's down here. So this thing is now down from the beginning of the year, or say the summer 67%. Banks are not really meant to do that, are they? But this is a special bank. This is a bank that's about to get bailed out. I imagine they have found some I don't know serious risks or something. So we dipped here from $4 to now $3.70. It's a penny stock bank. Who would have thought, soundhound, well, that was always a bit of a. I was going to make reference to a YouTuber there, but I think that would be impolite. So I'm just going to say one of those meme stocks, yeah, I didn't really quite get that Big, beautiful candle here. That was a good move.

Speaker 1: 33:47

And then up and then you got to take profits. You can't be too greedy when you trade stuff like this. You have to have an exit, because without an exit, you're in trouble. You could do the simplest exit you could do is a trailing stop loss. So you let it go up and up and up and if it comes down 10% you're out. Something as simple as that, and that way you will never lose a lot of money. Will you miss out on the top? Yes, but you will always miss out on the top. Every trader knows that we never want to make the most amount of money possible. It's a terrible idea. It comes with huge amount of risk. You'll learn how we do that, by the way. Come and join me on Tuesday Life trading trading. I'm running to teach you my simple three step system at Felix Spencer Dawg slash webinar Links down below.

Speaker 1: 34:36

On E-Bow saying Elon isn't after the money, now, I agree with you. It doesn't really mention money. So he's definitely not after that. And also, that's not really what this is about. This is about control. I think of open AI, microsoft or not Microsoft. I think that's really what it is.

Speaker 1: 35:00

Why do you think Elon is doing this? I think really there is. Let's think this through. You know why is Elon doing? Well, you could argue that he's got a grudge. He is a sort of bit of a grudgy guy because he was part of the deal and he tried to monetize it right and they said no and then he left and now Microsoft got it, and that will be one explanation. You could also say it's just a way of hitting Microsoft, who, at this point, are the front runners in terms of monetizing AI. They didn't come up with it, but they're the ones to sell it and it would therefore just hit them up and it would possibly benefit Well, it would definitely benefit GROC, the X, formerly known as Twitter, sort of LLM, and you could also argue that he wants to protect humanity.

Speaker 1: 36:21

No, I always have a little bit of trouble believing in the charitable billionaire. Maybe I'm a cynic, so I would be leaning a little bit more towards Grudge and Microsoft, and there's possibly a little bit in that. I'm not saying Elon is a bad guy or anything like that, but is that the sole reason? I don't know. I think it's probably more to do with. I would kind of say it's one, followed by two, followed by three. I think that's sort of the way I would look at it, but obviously you're very welcome to disagree. Let me know. Perhaps Elon has no motive except principle, entirely possible. I'm not saying it's not possible Small space living. You like the earlier start time? I can't promise I'll always do that, because it's too early for the market. I am live trading in 15 minutes with you guys in the coaching community and I thought we probably wouldn't have enough time in only half an hour, so that's why I wanted to start a little earlier.

Speaker 1: 37:50

Jack says AI is a woke tool. Well, it can be. It can be anybody's tool. You control the algorithm to that. You control the news, what people learning, what people know. It's a very powerful thing. It's more powerful than newspapers or TV or Google search or all those things. Google search is also incredibly powerful, right? Because you Google something and you say, is this good or bad? Google basically controls what you're going to see. Ai is the next thing that's going to control what information you receive.

Speaker 1: 38:22

What do you think about Palantir, s&p In conclusion, today? It's possible, it's very possible. I don't know, it's the answer to it, but yeah, they do make an announcement today of S&P reshuffling. Monica thinks that Andre slipped Elon some information. Possibly Meet my CU then? Brilliant. I see some of our students on here. I saw Adam earlier as well. So, yeah, do join me over there. In 15 minutes We'll do a spotter live trading, together with the new lighting setup which generates some heat, I just realized. So we might have to lose the jump up.

Speaker 1: 39:10

What about the case itself, says Logan. I mean, I'm not a US attorney, I was trained as an English lawyer. They call them solicitors. I can see the point. I think it's pretty straightforward. He doesn't seem to be asking for money. He's basically saying the founders agreement says it's not for profit and you are not running as a not for profit. The deal with Microsoft was up to the point where AI becomes intelligent AI and he's arguing that GPT-4 is intelligent. And for GPT-3, they published like a white paper. Right, everybody knew what that was, what the data was, how it worked. With GPT-4, they didn't do that. So they're definitely moving away from the not for profit to a closed source profit operating company and that's definitely against their original statutes. So I can see that he has a case. He has standing. I don't think it's just complete nonsense. He's not asking for money. He's asking for, essentially, an injunction which means stopping them from charging for chat GPT-4. And that would obviously hit Microsoft the most. That would be the biggest loser here, wearing reds about Omen. I put the jumper on before I saw the case, if that's any consolation.

Speaker 1: 40:59

Larry says we created something smarter than ourselves, smarter than 90% of Americans. That's chat GPT-4. Imagine what that's going to be like in two years, or in five years or in 10 years. Right, it's going to be smarter than the smartest people in the world, smarter than a thousand of the smartest people in the world, or millions of them. So, yes, definitely, ai will take over the running of our lives and then release a question of who has the switch or will the switch still work? I think that's kind of the interesting dilemma here. Right, roger says UK traders can now use think or swim, since Schwab bought them before Christmas. That's great news, roger. I'm very happy to hear that. That's very good news. I think it's a notification that they're going to shift us all over into Schwab in May. I think the smartest fetic, the queer question is is it as smart as Winston? I think that's really what we should be worried about.

Speaker 1: 42:02

The ability to sniff out carrots is unbeaten. Microsoft is now falling a bit more, which kind of makes sense. You would expect Google and Meto and Amazon to go up on this news and Apple possibly. We'll see. Let me see what else we got here. Alrighty, hey guys, let me know what you make of it. I am going live for the coaching community. It's already shed yulet. In 10 minutes We'll do some live trading together as we do. That will be exciting. Anybody who wants to join us in that, potentially, I'd say the best thing, honestly, come and join the live training on Tuesday. You get to see not just a feel for it, but you'll actually get to see my strategy and what I do and how I do it. If you then want to come and join us, you're obviously super welcome to Matthew. Appreciate that he's smart having to create a Microsoft account to use Windows.

Speaker 1: 43:09

I know Probably the one company I distrust the most with data. It is Microsoft. I think they're the most aggressive at using it. Brilliant, guys, I absolutely love you for tuning in, especially the 160 of you who found the like button. The rest of you you can ask chat GPT where it is. I think this is going to be an interesting story. Change the space seriously, because the power struggle for AI has just kicked off. Whoever wins, that is going to make trillions, I would say. I think we're going to get the first trillionaire out of AI. That's my thought and conclusion on that. See ya, so is Larry, absolutely. You guys in the coaching community, see you inside. We already posted in the resources. You'll have access to that, and thanks for tuning in. Keep getting smart up, otherwise AI will happen.