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Valuetainment

“AI Arms Race Is COMING” - Musk DECLARES Retirement Savings Will Become USELESS

19 Feb 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

0.031 - 12.843 Pat

Elon Musk and retirement. Rob, what page is that on? There it is, 14. Elon Musk says you can skip retirement savings in the age of AI. Not so fast.

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Chapter 2: What does Elon Musk say about retirement savings in the AI age?

12.863 - 18.528 Pat

Okay, this is a Fox News story. Let's see how this story goes. Rob, if you want to play the clip first, go ahead.

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18.548 - 27.777 Unknown

Yeah. Well, one side recommendation I have is don't worry about squirreling money away for retirement in 10 or 20 years. It won't matter. No.

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30.951 - 42.909 Unknown

Either we're not going to be here or... Can you expand on that a little bit? You won't need to save for retirement. If any of the things that we've said are true, saving for retirement will be irrelevant.

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43.189 - 51.2 Ray

The services will be there to support you. You'll have the home. You'll have the healthcare. You'll have the entertainment.

Chapter 3: How might AI impact jobs and the workforce?

51.521 - 68.664 Unknown

The way this unfolds is fundamentally impossible to predict because of self-improvement of the AI and the accelerating timeline. Yeah, it's called singularity for a reason. Yeah, exactly. I don't know what happens after the event arising. Exactly. You can never see past the black hole or the event arising, the light going.

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69.305 - 80.242 Ray

Ray has the singularity out way too far. I mean, this is like the next... What's your timeline for this? We're in the singularity. Well, we are in the singularity, for sure. We're in the midst of it right now, for sure.

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80.903 - 101.723 Unknown

We're in this beautiful sweet spot, which is the... The roller coasters were just... Yeah, exactly. That's a great analogy. It's like that feeling of... You're at the top of the roller coaster and you're about to go... Yeah, but you know it's going to be a lot of Gs when you hit it. It's like people like... I don't just have courtside seats. I'm on the court. Exactly. And it still blows my mind.

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102.783 - 105.789 Unknown

Sometimes multiple times a week. Yeah.

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105.809 - 109.497 Pat

And so just when I think. Jeff, your thoughts. Do you agree?

109.958 - 126.152 Unknown

This is insane. He just said, look, we can't predict how this is going to go. So the next thing he says or the thing before that is don't say for retirement. We have no idea how this is going to look on the other side. So just say screw it. The hell with it. Just trust us that this is going to go well and you're going to be taken care of.

126.172 - 129.779 Pat

Is that how you process it, that he's saying trust us and we'll figure it out? He's saying trust us.

129.799 - 138.696 Unknown

This is all going to work the way we want it to work and you won't need to save for retirement. And then he also says we don't know how the hell it's going to work out. I mean, to me, this is completely insane.

138.862 - 142.549 Jeff

Pop. Brandon, you go first, and then I got a lot of thoughts on this.

Chapter 4: What is the concept of the AI arms race?

589.269 - 606.6 Pat

I said, that's fair. A lot of other people probably feel the same way. That was the right answer. So we have to figure out how to quantify on how to score innovation. And we did, by the way. And here's what our system was. Four-step process that we wrote out on the board. Number one was, how creative is this person? Which goes back to what you just talked about.

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606.921 - 624.734 Pat

That's the number one element of creativity to us. Number two was, does this person ask critical thinking questions all the time? We're sitting in a room and say, why do we have that over there? Should we move this prompt over here? On the website, should we move the CTA here? The video that we did, I don't know if I like the way it starts the first three seconds.

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625.115 - 642.281 Pat

Maybe we move the intro of this clip to second 48 and then move that one to first three seconds. So that is the critical thinking. So you got creativity, critical thinking. Number three is actually always thinking about how we can improve everything. And the last one, at least, is implementation because you can have all the first three and you don't implement them. It means nothing.

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642.641 - 646.347 Pat

I agree with you. To me, the way you're presenting it...

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647.491 - 670.798 Pat

pump is this is how i see it today you go to a morgan stanley guy or goldman sachs or jp morgan chase guy i have 10 million dollars how should we invest well let's go small cap you know what's your risk tolerance time horizon all this other stuff all right we're gonna buy some this we're gonna buy some this we're gonna buy some dollars put some cash let's put some this your age is 50 years old so 50 minus 100 let's go 50 equities 50 bonds 50 okay great no problem

671.555 - 694.985 Pat

You're saying in the next two, three, five, 10 years, that person's going to have, I got $10 million. You give to the AI, and AI will say, how aggressive do you want me to go find work to create a business? Are you willing to risk that this could not work? And my brains of my engineers or the AI is going to go build this company. Okay, he's going to go do this for us.

695.106 - 696.367 Pat

Is that kind of how you're processing it?

696.667 - 706.477 Jeff

I'm saying two things. One is today the AI will give you information that no human is able to do at the speed and the cost.

706.497 - 708.039 Pat

I'm not saying information. So I know about clock.

Chapter 5: How can AI potentially replace financial advisors?

940.481 - 947.756 Jeff

If you simply ask the AI, come up with 20 prompts that I should ask about some topic or write me a prompt to create a piece of art.

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947.776 - 949.54 Pat

Do you think in 20 years we'll have a president?

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951.393 - 953.135 Jeff

Do you think we will have a U.S.

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953.355 - 964.865 Pat

president? It begs the question of what is the role of the president? But think about it. What is the role of a financial advisor? What is the role of a doctor? What is the role of any of these jobs, right? That chairman. But do you think in 20 years we'll have a president?

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965.025 - 984.825 Jeff

Yes, because I don't think that that job has a verifiable end state, whereas I do think that a financial advisor, a lawyer, et cetera, those are verifiable end states in most of it. Now, a lawyer still has to go to court and argue and all this stuff, but we get to a weird place where— Do we have automated courts? Have you guys seen that recent movie that just came out with Chris Pratt?

985.165 - 989.351 Pat

Did you see the movie with Chris Pratt? No, I haven't seen it. Can you pull up this movie with Chris Pratt? That's a good question.

989.371 - 990.613 Jeff

Do you think we'll have automated judges?

991.414 - 992.075 Pat

No.

992.756 - 1008.136 Unknown

I think we have to define what we think AI is going to do. To me, it's more like a human-robot partnership. How can we make human beings more creative? Augment the human. Augment the human. And so you don't eliminate necessarily the role of the human. Maybe you eliminate some of the roles that humans used to do.

Chapter 6: What are the implications of AI on creativity and human roles?

1566.34 - 1590.666 Pat

We want an AI head coach. That's a job. Then it goes to, listen, XYZ company just built a running back and the NFL has agreed that each team can have three AI robot players. Now you've got a robot player that pays $88 million in sponsorship. So that's this anthropic quarterback. This one has the open AI quarterback. This one has the game changes in a very big way if we go too much there.

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1590.726 - 1590.947 Pat

Go ahead.

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1590.967 - 1607.648 Jeff

Final thoughts before we move on. The NFL is interesting because they're trying to figure out, you know, did the ball cross the plane or not, replay, all that stuff, right? I do think, I think as Jeff said earlier, is like this idea of human error is also an important point. So like baseball is actually the better example to me where there's a strike zone.

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1607.628 - 1614.917 Jeff

When you watch a baseball game, they tell you whether it was in the strike zone or not. But there's still an umpire, and the umpire still makes balls or strikes.

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1614.937 - 1618.202 Unknown

I love that. Human-robot partnership.

1618.502 - 1640.019 Jeff

Yeah, and so I do think that there is this transition period where people are trying to figure this out. The last thing I'll say about this whole thing, though, is... My number one piece of advice for people is to start using the technology. Because the one thing that I know for sure is you are going to get left behind if you use none of it. Now, how extreme is the impact is up for debate.

1640.379 - 1653.534 Jeff

But if you are not using this technology on a day-to-day basis, you are going to fall behind. And so you can start, you know, replace some of your Google searches with using AI, use it at work, right? You know, you can start slow. But if you are not using this stuff, you're going to be left behind.

1653.634 - 1673.858 Pat

Yep. That part I don't disagree. But it's very important to realize. By the way, we played a clip the other day in 2022, October 17th, when I said Dow's going to go to 50,000 by 2026. You nailed it. Yeah, I nailed it. But I'm telling you, very soon, this whole political party concept could go away. And it could be human versus AI. And that could be 20 years away.

1674.019 - 1686.899 Jeff

But you know what's funny? If you look at how Trump won in 2016. there's now a bunch of like information that's come out where basically they were selling the red hats and they were using that to get the data to then put into lookalike audience on Facebook and they were using the Facebook advertising.

Chapter 7: How does the panel view the future of jobs in an AI-driven world?

1764.869 - 1786.219 Pat

50, 60-something years, right? That's the real Holocaust that some people talk about. Then you have in 1957, which was the highest birth rate we ever had in America, that's documented, 3.77. That year, women were in the workforce 35% of the time. Today, women are in the workforce 65% to 70% of the time. Very different. You know that whole dual income, we want both to go to work.

0

1786.239 - 1808.964 Pat

So when you look at the stats, you're like, yeah, let's get women working as well. This is going to be great. We have double the workforce. Birth rate dropped. What else? You know, people were having kids at 22, 23 years old. Now they're having kids at 30 years old, 32 years old, 34 years old. So some of the movements that we adjusted, we took a different kind of a hit.

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1809.365 - 1827.175 Pat

So the only thing for me is like my thoughts when it comes down to stuff like this, we have to be very careful that we don't over-edify AI to human. And if it goes that way, you will be a slave to AI in no time. It will own you in no time.

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1827.155 - 1839.993 Jeff

If you think about this, right? So like one of the core principles that I usually revert to when I'm making kind of evaluations of this stuff is does it hurt somebody else? Right. If it hurts somebody else, then not yet, though. Well, but you make that you make that.

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1840.013 - 1840.714 Pat

But other people don't.

1840.914 - 1849.324 Jeff

Of course. But like if you think of this phone. Right. And you say to yourself, OK, somebody making that phone is saying, oh, you can connect with your family. You can learn information. You can do all this stuff.

1849.865 - 1869.977 Jeff

Well, there's a bunch of studies that show scrolling social media is incredibly bad, not only for your focus, for, you know, your energy levels, but also just your mental health and kind of all this stuff. And so it's. As a society, how do we make a tradeoff between is social media regulated to a certain degree or not? How should we think about this? I think it should be for kids.

1869.997 - 1871.841 Jeff

That's the thing. Then it's age demographic.

1871.901 - 1879.437 Unknown

I can't do that, though, because if you and all the ethical people like you make the same decision, then who will be left to run the AI arms race? It'll be the psychopath.

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