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Pavan Agarwal

👤 Person
192 total appearances

Appearances Over Time

Podcast Appearances

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

Why did ChatGPT suddenly come to the scene and other similar, and I noticed you have some llamas out there, and that was llama 3.3, I think. So why did ChatGPT become, why was it even possible?

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

Why did ChatGPT suddenly come to the scene and other similar, and I noticed you have some llamas out there, and that was llama 3.3, I think. So why did ChatGPT become, why was it even possible?

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

and a lot of people don't realize that that the real breakthrough didn't come from open ai the real breakthrough came from a paper that google published in i think 2015 and it's called attention is all you need okay and that was a breakthrough in how to do um

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

and a lot of people don't realize that that the real breakthrough didn't come from open ai the real breakthrough came from a paper that google published in i think 2015 and it's called attention is all you need okay and that was a breakthrough in how to do um

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

how to do language processing specifically but i think in general applies to most um most complex problems um that an ai could have would have to deal with and it it cut out most of the overhead of processing a large a large amount of data.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

how to do language processing specifically but i think in general applies to most um most complex problems um that an ai could have would have to deal with and it it cut out most of the overhead of processing a large a large amount of data.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

And so, with that breakthrough paper and then OpenAI applied it extensively and then created, you know, ChatGPT 1, 2, and then 3, and 3 was actually good enough for, to capture the imagination of the larger market. And so, it took that final Like, packaging of this science has been developing for so many years.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

And so, with that breakthrough paper and then OpenAI applied it extensively and then created, you know, ChatGPT 1, 2, and then 3, and 3 was actually good enough for, to capture the imagination of the larger market. And so, it took that final Like, packaging of this science has been developing for so many years.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

I mean, if you think about 2015, the paper comes out, and it was, what, 2020, 2021, when Chachi PD 3.0 came to the scene, right? Look how long it takes. You know, technology doesn't happen overnight. It feels, when you're the consumer of it, you suddenly see, oh, there's a new thing called Chachi PD. No, it was... It takes a long process. Before, it's actually relatable.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

I mean, if you think about 2015, the paper comes out, and it was, what, 2020, 2021, when Chachi PD 3.0 came to the scene, right? Look how long it takes. You know, technology doesn't happen overnight. It feels, when you're the consumer of it, you suddenly see, oh, there's a new thing called Chachi PD. No, it was... It takes a long process. Before, it's actually relatable.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

When you can take science and make it relatable where people can understand it in an everyday way, it's a big investment. Just like with Bitcoin. You know, I mean, that's the paper, original Satoshi. Before Satoshi paper, there was another paper that defined the whole idea of decentralized ledgers. And then that one failed. There was another coin that came out and failed in the end.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

When you can take science and make it relatable where people can understand it in an everyday way, it's a big investment. Just like with Bitcoin. You know, I mean, that's the paper, original Satoshi. Before Satoshi paper, there was another paper that defined the whole idea of decentralized ledgers. And then that one failed. There was another coin that came out and failed in the end.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

And then Bitcoin came out, right? I mean, this is 20 plus years in the making. Right. It doesn't happen overnight.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

And then Bitcoin came out, right? I mean, this is 20 plus years in the making. Right. It doesn't happen overnight.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

Well, actually, I invest a lot of my money in real estate. I love real estate. Because remember what I said in the beginning, we grew up as kids cleaning houses and buying, mostly buying and sometimes selling, but mostly buying and holding. Nice. And there's a few times where I looked at whether you owned a property, I said, this property is too much trouble and I sold it.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

Well, actually, I invest a lot of my money in real estate. I love real estate. Because remember what I said in the beginning, we grew up as kids cleaning houses and buying, mostly buying and sometimes selling, but mostly buying and holding. Nice. And there's a few times where I looked at whether you owned a property, I said, this property is too much trouble and I sold it.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

And I went back and I said, I never should have sold it. Never should have sold it.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

And I went back and I said, I never should have sold it. Never should have sold it.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

Yeah, I mean, we were in the mortgage business in 2008 when home prices in California fell 50%, 60%, right? And I remember you go through Laguna, Laguna Niguel, Laguna Hills, right? And those million dollar, $2 million homes were selling for $600,000. Wow. And people were walking away from their mortgages.

The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103

Yeah, I mean, we were in the mortgage business in 2008 when home prices in California fell 50%, 60%, right? And I remember you go through Laguna, Laguna Niguel, Laguna Hills, right? And those million dollar, $2 million homes were selling for $600,000. Wow. And people were walking away from their mortgages.