Kevin O’Leary on the Future of AI, Working With Steve Jobs, and Shark Tank

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Unknown 0:44
Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, a special Black Friday interview episode to keep you company while you shop.
Toby Howell 0:53
It's a chat with Shark Tank royalty, Mr. Wonderful. It's Friday, November 29th. Let's ride.
Unknown 1:05
Good morning and happy Black Friday. Hope you all had a relaxing Thanksgiving. If you're still in a food coma, we've got a special edition episode that will snap you out of your slumber.
Toby Howell 1:15
It is an interview with the entrepreneur and investor Kevin O'Leary, better known as Mr. Wonderful on Shark Tank. Mr. Wonderful is known as the blunt speaker of hard truths on the show, and it turns out he's not just playing up the bit for TV. We spoke with him about the state of the U.S. economy, his time working with Steve Jobs, and how to break into watch collecting. This guy was meant to talk for a living, and we hope you enjoyed the conversation as much as we did. But first, a word from our sponsor, Yahoo Finance. You know, I've never pitched a product before a panel of sharks, but if I had to sell them on Yahoo Finance, it would be a breeze. Okay, so how would you... kick it off. Hello, Sharks.
Toby Howell 1:53
Have you ever tried to stay up to date on the market but found all the existing options underwhelming?
Unknown 1:58
Okay, this is great TV. Keep going.
Toby Howell 2:00
Well, do I have the site for you. Yahoo Finance has everything you need to stay informed about the finance world with constantly updating news, top and bottom stock gainers each day, and insights from experts. So, Neil, Can I count you in?
Unknown 2:14
Well, Toby, I've spent some time on Yahoo Finance myself, and it really is an incredible resource for anyone curious about the market. So you don't even have to sell me. For that reason, I'm in. You have got yourself a deal. Well, that was easy.
Toby Howell 2:27
To see why Yahoo Finance can tame even the fiercest of sharks, head to yahoofinance.com today.
Kevin O'Leary 2:33
Kevin, thanks so much for jumping on the show today. Great to be here. Thank you very much.
Toby Howell 2:57
So I do appreciate you speaking with us, but I also want to thank you for all the likes that you have gotten us on social media, because posting a Mr. Wonderful quote to our Instagram goes viral every single time. You are just a quote machine. Where does it come from?
Neal Freiman 3:12
I'm just a social media and I'm very proud of it, actually.
Toby Howell 3:15
You're very good at it. As an investor, what sectors are you most excited about? Are you riding maybe the AI hype train at all?
Neal Freiman 3:25
I am, you know, I go back to these trends as far back as gold. I mean, I look at, I'm an infrastructure investor. So I think AI is going to be huge. We use it in all of our businesses, particularly around translation. When we, I do commercials now in Chinese and French and Arabic. We use AI, we do it out of Abu Dhabi. They have a very, very advanced lab there and we have an office there. So, you know, if I send a message out for my watch insurance business, I'll do it in Chinese, a lot of wealthy Asian watch collectors. And my lips are moving perfectly. And we have Chinese, you know, nationals telling me that the accent is perfect. So it's advancing. But the real opportunity in AI is not just in the software. Here in the U.S., we have a huge problem.
Neal Freiman 4:14
In order to just meet the demands of the seven largest hyperscalers, the Teslas and the Googles and the Microsoft and the Amazons, they have demand for 30 gigawatts of data centers, 30. And we used to build them at 50 megawatts. So that's a fraction of the size. There's only five under construction in North America right now.

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