Clem Chambers, an amazing British financial commentator has an urgent message. AI is coming for you.

Añadido: 2026-05-15

[00:00:00]The bottom line is is that the private investor does not get a fair shake of the stick. And the point is if you're not using this stuff, you're toast.

[00:00:08]You're just toast.

[00:00:09]>> In AI, what tools do you like? What do you use? What do you use it for?

[00:00:13]>> The the dynamic is energy in AI out. So, you got to have a massive energy buildout.

[00:00:18]>> The holders of copper companies and uh uranium companies I hope will do very well >> and there should be an economic boom.

[00:00:26]But to frontload that, they're going to print like like there's no tomorrow and that's going to create inflation and people just sit there with a bag of cash.

[00:00:34]>> Uh they have uh an unannounced plan to shed 10% of their staff over the next 12 to 18 months.

[00:00:43]>> You know, if you want to get rich, learn how to fix air conditioning units.

[00:00:46]>> If you're working in an office environment, get up to speed with AI as fast as you possibly can and beyond. And people will have to adapt to a different way of working. But for a start, they'll have to start trying to find work they enjoy. And if you sit there, I can tell you, you're guaranteed to lose.

[00:01:05]>> Hello, ladies and gentlemen. My name is Clive Thompson, and I have the great pleasure to introduce to you Clem Chambers, who is the founder of the website a newfn.com, and many other things. He's written some books. Uh, tell us all about yourself, Clem.

[00:01:24]>> Oh, it's a very long story because I'm a very old man. Well, not that very, but getting there. So, in a galaxy far away, I was one of the founders of the computer game industry in the UK, Europe, stroke the world back in the very early 80s when I was like 18 and then I moved through various um leading bleeding edge things and I started a financial website in 2000 that you may have heard of. And now I've started a new FN which is free real time and free level two for the UK markets. Realtime gold, silver, platinum, palladium, and bitcoin and lots and lots of gadgets and lovely things for private investors to get real time for free and level two for free. Not £1,000 a year like other places. So you might want to check that out. But I've been writing for Forbes for so long. When they pulled my contract, it was in Latin. I mean I think it's like 26 years now. I used to write a money section for Wired when Wired magazine thought money was sexy back in 2000. Actually, they probably think money is sexy again. And um I'm also a founder of a rare earth uh reprocessing in IP technology company that span out of Leeds University. So I'm a chemist now. So there the two um big things that I'm focusing on and UFN and sillex world which is rare earth China independent uh reprocessing and IP.

[00:02:44]>> Well look it's a fantastic pleasure to meet you. Um I've come across you once or twice but uh was uh probably not really paying a great deal of attention at the time. Um, but I now did have a a look at your what you're doing and I'm absolutely flabbergasted about all the things you're involved in.

[00:03:05]>> Yeah. Well, I I keep busy. I mean, I'm I'm a workaholic and proud.

[00:03:11]>> Tell me about the investment markets and how you feel about stocks and uh bonds and um uh currencies and uh everything which is going on in the economic world.

[00:03:21]>> Well, I mean, we're going to get this heightened inflation. I mean people shouldn't panic unless they are um very economically um inert. Yeah. And and because of this um AI wave that's going to be crashing on the shores, you know, people should grasp that as an massive opportunity because if it ain't an opportunity, it is a curse. Yeah. So grasp the opportunity that's going to drive markets and there's going to be inflation and there's going to be this massive buildout. You know, if you want to get rich, learn how to fix air conditioning units, particularly in America, >> right? I mean, they might not get AI in the UK. Not enough energy to keep your house, right?

[00:04:02]>> So, so, you know, that's that's an issue. But air conditioning is going to be a big hairy deal in America because all these AI machines are going to need to be cooled down and there won't be enough air conditioning engineers to, you know, unscrew and rescrew them up.

[00:04:15]So there's going to be all these opport just just I'm not saying you should go and be an air conditioning engineer, but there's an example of all the sorts of opportunities that are going to come. If you're sat on a copper mine, you're laughing. If you're sat on any sort of hard um hard commodity, you're laughing.

[00:04:29]But if you if you're if you're a price maker, you're you're happy. But if you're a price taker, it's not so happy, right? So you've got to get on the right side of this K-shaped economy. And that's by being economically active and levering yourself up. As I said to you, you will be spending more money, Clive, on AI, not less. If if you don't spend all you can on it, you you're probably going to be, you know, dead. Yeah. If you're a programmer and you're spending $100 a month on programming tools, oh >> yeah, you're behind the curve.

[00:05:01]>> Company up with you, your company's going to go bust. So, you know, that is that's a harsh reality, but actually can be fun. You should grasp the opportunity and tell yourself it's fun. I do. I really enjoy it. But some people will find it a hard slog at least to start off with. But there's only going to be the quick and the dead.

[00:05:21]>> One of my friends, >> sorry, one of my friends works for one of the largest companies in the world.

[00:05:27]It's another top, it's not the same one as I spoke about earlier. It's a top 100 company.

[00:05:32]uh they have uh an unannounced plan to shed 10% of their staff over the next 12 to 18 months. And the reason they're shedding those staff is because some of the staff are expected to become AI proficient and therefore able to do the work of more than one person. Uh so for example, they'll be reducing their graduate intake this year. they won't be replacing some of the retirees and there will be people who will be invited to seek other opportunities uh gracefully of course uh but the idea is to get the staff down by 10% uh and the gap will be completely filled by AI now of course they could go a lot further than that but that's just the beginning >> if you if you are coming to work at 9:30 in the morning hanging your jacket over your chair and and then going home and then coming back at 3:00 and picking up your jacket and going home, you're not going to be around for much longer. And there's plenty of people who've been doing that forever. Yeah. And if you're, you know, going um if you're managing your free time and your work life balance very actively so that you get all your sick days and that you don't show up when the boss is not there and and and and and and you're not going to be there.

[00:06:56]>> Yeah. You know, to be a lot of that's going to go away. And a lot of these companies, they've overhired and they got people that are doing absolutely zero. And if you're not doing any useful work and you're just doing busy work, you're going >> Yeah. I mean, let let's face it, >> that's what AI, >> you know, AI uh doesn't need a cubicle in the office. It doesn't need to take up any space. It's not spending its time ogling the secretary or talking by the coffee machine last night's Netflix movie. It's not going to the bathroom with its iPhone. It's not taking holidays. Um, it's not asking for pay rises. It's not uh falling out with the the g the the the boss. Uh, it's not it doesn't have any kids. It's not going it's not getting any sick leave. You know, it's and it costs a fraction of what an employee costs. It's a comp absolutely compelling case. And it's only the only reason this isn't happening any faster is lack of lack of IT staff because the I there just aren't enough IT staff to go around to fulfill all the needs of the staff who need to be trained in AI and who could use it to improve their efficiency. So only a small fraction of staff get that get the benefit of that. The rest are uh slowly going to be eliminated.

[00:08:17]>> Well, here's something for you. This is something I learned running businesses.

[00:08:20]Okay, if you get interrupted, you lose 15 minutes of work. Okay, so if you got someone in the office that goes around and interrupts four people an hour, they wipe out that whole value.

[00:08:34]Completely wipe it out because they wipe out one workday by interrupting four people an hour. Yeah. And how many people when you worked in the office do you know that go around the office interrupting every people four times an hour? half the bloom in office.

[00:08:48]>> So when you actually get down to real work done in lots of white collar businesses, you'll find that how many hours a day is that?

[00:08:57]>> Maybe. Yeah.

[00:08:59]>> Well, so if you automate, you've got the ability to remove 75% of those people that aren't actually doing any productive work. And you know, the the the history of of people buying companies and shutting down whole divisions is legion. They shut down a building a and nothing nothing changes.

[00:09:19]And why is that? Well, because the the company isn't a business. It's a social um system. Yeah. And AI enables people to evaluate the people that are the workers and remove the the rentiers and and and the and the people that are the middlemen. I mean, the working bajoisim, you might want to say. Yeah. So the people that are doing the work, the real work, the real valuable work, they will get paid a lot more. So you know, talking about a building full of accountants manually entering data because they haven't got their code right, that's not by accident. That's what the people in that company have done and made happen so they keep their jobs. Well, you know, that's fragile, right? And that fragility is only going to get more fragile and it's probably going to go away. Now, what that means is rather than having one person rowing a boat and six passengers, there'll be six people rowing the boat and that boat's going to be moving real fast and people will have to adapt to a different way of working. But for a start, they'll have to start trying to find work they enjoy. So, it doesn't feel like work.

[00:10:27]Yeah. Because most people don't like their work because it's horrible and and it's just not suitable to them. But they have to get their paycheck and they're there they they work to live. They don't live to work. We live to work so we don't really work at all. But you know in the future it's going to be really key to find and work that you enjoy because then you'll be good at it and then you won't be replaceable.

[00:10:48]>> Absolutely. It's going I think it's just a question of time. The young generation needs to find the or have the skills.

[00:10:57]Uh, and what I'm saying to people is if you're working in an office environment, get up to speed with AI as fast as you possibly can and beyond because at least you you you you might not get your job eliminated. And if you're really good at it, you might be able to eliminate the department which is planning to eliminate you because I can guarantee you your IT department is already working on a plan to get rid of you.

[00:11:22]>> I I I think that's right, but I look at it differently than this. I've decided, see, as you get older, you get more grumpy and negative. And and the solution to that is to be grumpy and positive. Okay? And I've and I am definitely definitely trying very hard to be positive about these things because AI is a cornucopia.

[00:11:41]Yeah. Go back and read history books.

[00:11:43]It's a cornucopia. Yeah. It's a neverending flow of delicious fruit to be eaten. Yeah. Last night I wrote the best part of an album. I have I've got 13 albums on Spotify and YouTube. You'll find it hard to find them, but there they are. And I haven't done an album for about four years. And last night, I stumbled into this these tools. And boy, I've got eight tracks.

[00:12:04]>> Wow.

[00:12:05]>> And those eight tracks are reworkings of my old tracks, all my best old tracks.

[00:12:09]And they it's these tools have just made them on fire. And tonight, I'll do another four tracks. I sound like Ernie Wise here. And by Friday it will be up and it and by within a couple of weeks it will be live on um Spotify and Apple Music and all the other guys, right? And I will make a couple hundred dollars.

[00:12:28]Who knows? I might get I I I got I got a movie once and I got a a big um advert once and I get paid 12 grand for six seconds. So you never know till you know. But it's being economically active and whether that's a runaway success like my YouTube channel CL Tribal Alpha quick plug or whether it's you know I spend 80 bucks getting it onto Apple Music and there it sits for 5 years and makes me 90 bucks. I don't know but I'm economically active. I'm using AI tools and it's the game is on and there's all to play for and there's a lot to win and if you sit there I can tell you you're guaranteed to lose.

[00:13:05]>> Yep. I mean, I I'm uh experimenting with everything I can think of now in my retirement. Um, Clem, look, I I've got so many questions for you and and it may not lead down the line the the road you're thinking about. Um, what what impressed me more than anything was when I went to your website and found that you've uh set up this uh uh portal for stock prices, the level two and so forth.

[00:13:30]>> Yes. I mean, you know, a UFN, I mean, back in the day, I started another website that became basically the leading in the UK and big footprint in Europe and and one of the top end uh sites in the US. And then I um went away from that. And then I came back and I thought, you know, all this stuff looks like it's from 2000 and 1995. It's about time somebody went in there and did something a bit a bit new. We started with the old, but we're going to go into kind of more sort of, you know, um, minority report stuff, you know, VR and clever stuff and and we're bringing level two have brought level two free um to the UK private investor and that's like a,000 bucks. All currency is bucks to me, but £1,000 in in uh the UK a year and we're giving it away and we're giving away level one. And people say, "Well, how could you do that?" and and we say, "Well, we did a deal with the London Stock Exchange."

[00:14:25]>> Oh, >> wow.

[00:14:26]>> But, you know, at the end of the day, the bottom line is is that the private investor does not get a fair shake at the stick.

[00:14:35]The reason I'm looking to my left every now and then uh is uh Clem is because I when I went on your website 5 minutes ago, I saw that you've got this um uh ability to help private investors um get level two or or get news feeds and things like that and and with an API.

[00:14:59]And I thought uh that's interesting.

[00:15:02]I'll I'll give it give it a go. Um, so just before our show I went on uh I I went on to this site you mentioned Bloopers or Bloom I forgot it's called now. Bloom.

[00:15:14]>> Base 44 which is very interesting.

[00:15:17]>> Yeah, cuz it it's basically a robot um on the internet for you.

[00:15:21]>> Um anyway, I did go to base 44 um and it built it it it seemed to get to the point of building the news flow website, but before it could give me any news, it told me I'd run out of credits and couldn't do anything. So, I gave up on it.

[00:15:35]>> Yeah. Well, I mean, there is that to it.

[00:15:37]There is that to the this AI stuff because they've all they're all selling caviar and champagne at the price of fish and chips to get you in. And you go in and you start using it and you go, "Holy cow, this is amazing. This is powerful. Wow, think of all the things I can do." Then suddenly you realize you got to start paying them 50, 60, 100 pounds a month for it. And the top level programmers who are using this stuff to do 20 programmers work, 20 programmers work are using up about a quarter of a million dollars a year in AI and to do it. But of course, 20 programmers at $100,000, that's $2 million, right? So you pay the programmer who can do it half a million or a million even, >> you give him half a million in in tokens and you've saved half a million. And you've only got one HR problem, not 20.

[00:16:29]Yeah. And you've only got one hiring problem, not 20. And you've only got one person to say, "Oi, what you doing?"

[00:16:35]rather than 20. So, you know, when you start working out the mass of 20 developers and only one person, you know, you pay them a quarter of a million and you give them a quarter of a million tokens, you just saved a million and a half. And the point is, if you're not using this stuff, you're toast.

[00:16:49]You're just toast because, you know, oh, I'm a programmer. Use no. Oh, goodbye.

[00:16:54]the So, uh, it's it's absolutely amazing. So, the reason I keep looking to my left, I gave up on this, um, Bloop 44 or what it was called, um, but I took your API, um, and threw it into, uh, Claude code and said, "Here's the API. Go, uh, go and build me a news flow and see what h." So, I'm looking to the left and see what's happen. It's it's actually quite busy at the moment. It's it seems to be writing stuff. I don't know what it's writing. and we'll see if anything comes out of it as we speak.

[00:17:25]>> Well, there you go, Clive. You have crossed over the event horizon. You are now a cyborg like me. I I used to um I used to write music back in the day, 2005.

[00:17:35]>> Um and I've got got 13 albums on Apple, can you believe it? And and Spotify. And I thought Google said, "Hey, we know you try this thing out." And you just give it your lyrics and it writes it turns it into a whole track. And it's like, >> wow. And you know once you go over that lip into AI like you obviously have you know it's a new world right and you know it's going to be a massive economic boom and it's going to be high inflation because they're going to be printing money like like no tomorrow to to build this stuff out and um it changes everything. I mean Louis the 18th was it 17th he ended up with his head on a stick because they invented the steam engine right and this is >> yes >> same thing again >> and and you know pro and AI programming is a lot less frustrating than working with real programmers and I've done that ever since I was 17 and you know yes there are many frustrations and costs but they're 10% of what it would be working with a real developer and pretty much anybody prepared to take the pain like you are and there is a lot of pain involved with this learning curve. Yeah, I can see you're turning into a cyberman, you know.

[00:18:44]Well, men when we were kids, >> you know, it's it's been it's a it's a it's a journey I started on maybe a year and a half ago when I discovered chat GPT and I uh you know, as a uh an very very early experiment, I did a couple of YouTubes on how I could get chat GPT to teach my son German, which was extremely rudimentary compared with what we do to what we can do today. Um, and it just shows that a year and a half, it's got a it's come a 100 miles and uh what does >> well I got into AI from a business angle about 3 years ago and I I I thought this is going to be massive. This is going to be huge. I've got to do this. And I went in and it was moving so fast that I thought I can't keep I won't be able to keep up. I don't have the capital to keep up with this. I can't I can't do this because it's moving so fast. by the time I get where I want to be, these blue blighters are going to be another mile ahead. So I think and I this is, you know, I've always been on the bleeding edge ever since I was a kid in business and I realized that this stuff is moving so fast. Incredible.

[00:19:50]Incredible. The only thing was the thing that I >> the thing that I built, somebody released something very similar 10 months later and and the reason we didn't release it was that it was broken, didn't work properly. They released something that was broken and didn't work properly and made $20 million of subscriptions in three months and then probably fell off the face of the earth. But that was a bit frustrating.

[00:20:09]>> Um I know I know how you feel. Um so a year and a half ago uh is uh I took lessons in Python and I quickly realized that uh after my eight lessons uh that I I could get AI to write the Python for me. So I then wrote a program uh which was better than Google uh Google search.

[00:20:33]So So what that did and now you're going to say well anyone could do that today.

[00:20:38]But what what that actually did was uh go to um it wasn't actually Google it went to um Bing. You put in a search term anything you like down it would download all the uh um snippets. It would read, the AI would then read the snippets, find out which ones were most relevant to what you're looking for, especially if it's something obscure, download every single page which seemed to be relevant because not all the snippets are relevant. Then it would compile that into a nice PDF document with a like a five-page document with a story of whatever you were looking for. But of course now but by by the time I'd finished that in no time at all uh companies like Manis came out uh Manis AI which could now do that in 30 minutes.

[00:21:27]Well you know you say that I might say that anybody can do that but that's not true right this is all about will. It's the you know it's the power of will.

[00:21:36]You've got the will to do it and you've done it. There's a lot of people that don't. I mean a hell of a lot of people that don't. And I tell you, the people that really scared are the people at the top of their pyramid. Yeah. The the brains of the past. They hate AI because it takes them out of the loop and they don't go there and they go, "Oh, no, AI. It's all rubbish." That is that's rubbish. And the amount of of people I've met in academia that absolutely hate AI because it makes them irrelevant.

[00:22:05]And you know, that's that's the will to do it. You have to have the will to do it. And that's actually really rare.

[00:22:12]Really, really rare. I mean, you know, we're 60. We're meant to be seen by now.

[00:22:16]And here we are learning Python, writing um, you know, uh, code or getting started to write code, building stuff, going up a very steep learning curve.

[00:22:25]Yeah. Because we got the will to do it.

[00:22:27]And there'll be people that are at university studying to be programmers that will not have the will to do it.

[00:22:32]They say, "Oh, no. I don't want to do it." No, no. They're they live in don't want to land. But there's an army there's an army of people coming.

[00:22:40]>> Yeah. Yeah. And and there's going to be a g the the the hope for the future and I believe that is going to be pivotal is that young people like that are going to be learning stuff from AI at a university level when they're 12. By the time they're 16, they're going to be past all all the people at the top of the tree and there'll be this cohort of genius. And at the moment genius is know 5% of the of the population or 0.01. 01 or whatever it is, it's going to be 15% of the population coming up. So there's going to be this tidal wave of genius and and that's going to change everything. This this is just changes everything. Anyway, everywhere in all angles you look, it changes everything because you know the steam engine changed humanity for the better with artificial muscle. AI is artificial brain and that just changes everything.

[00:23:30]And what it comes down to, what what people don't realize is that it's all about people. AI is all about people. It doesn't get stuff from that isn't people. They say it's going to, but it's not going to because silicon can't do random numbers and development involves randomization and then basically the survival of the fittest ideas. Yeah. So the silicon can't do that. It has to use us to do that. And we're carbon and we sit on that random carbon layer which is where the chaotic layer is. It's where quantum lives. It lives in carbon not not in silicon >> up here.

[00:24:07]>> Yeah. So it needs us to to elevate and to and for us for it to elevate it has to elevate us. So it's a virtual circle and you will see and it's already started. I thought it'd be a few years.

[00:24:21]I thought I I'll see it before I die.

[00:24:22]But I'm starting to see it already.

[00:24:24]there will be this wave of super genius kids, you know, inventing crazy stuff at the age of 15. And that's coming and and you you can't get that back in the bottle. And the old ways the the the you see this I'm not worried about AI. I'm worried about NS natural stupidity. And there's absolutely vast quantities of that, right? And the AI will will actually elevate the NI the natural intelligence and that should fingers crossed lead us into a a a lovely situation. I mean before the steam engine you live to 47 you had six kids and four died and now you live to 84 you have one and a half kids or two kids and none of them die. And that's down to the steam engine. That's down to technology.

[00:25:09]If you wanted to go back a little way you can say it comes down from the book right book steam engine us. Well, well, now we've got AI, and that just, you know, is a massive thing. And if the lunatics of the old school don't kill us all before we get there, it's it's going to be a great future.

[00:25:26]>> Uh, you know, it's it's it's blowing my mind. And every day, as you said, there's there's something new. There's not even one thing new. There's multiple things new coming out of AI every single day. It's impossible to keep up with even a tiny fraction of them. Um, you know, and I'm I'm I'm I'm I'm racing.

[00:25:44]I'm running to try and find out what's what's new, what's the latest. Uh, and there's so many avenues you could go down, whether, you know, you're into uh writing or music or, uh, programming or games or whatever it is. There's just so many different avenues and so many ways to do it.

[00:26:01]>> Copper, tell me about it.

[00:26:03]>> Copper.

[00:26:04]>> Yes.

[00:26:05]>> It's all about copper. Copper. AI is going to boil the ocean. And the element that's going to boil the ocean is copper. Ain't enough of it. It ain't coming fast and they're going to can't really replace it. And all the all the hard commodities, everything that goes into this kit, rare earth and strategic metals, all that stuff is going to go through the roof because the AI the the people doing AI are just going to suck it all into a vortex of buildout. Yeah.

[00:26:35]that the the the globalization that was the past that made things cheap. Those supply chains are broken. Not only they're broken, they want to be broken by America, for example. And pretty soon Europe's going to probably want to follow. Yeah. Because China is strangling people and people's industries. Right now, you can't get any Ethereum and you need that for all sorts of stuff. You need it for your flat screen TV. It's the red in your flat screen TV. And they said, "No, you can't have any of it." Right? Well, you know, you've got to have your own now. And you got to build out, you got to re reindustrialize or perish, right? And the top of that chain is AI because I I keep saying this because people need to get it that there's no second place in intelligence.

[00:27:18]Yeah, we are well off cuz we're smart and intelligent or maybe just intelligent and maybe a little bit smart, but we're probably both smart and intelligent and there's no second place.

[00:27:29]>> Yeah. And so you can't have a competitor, a adversary, the new word for enemy. You can't have them smarter than you. Otherwise, you're you're gone, right? So you've got to go in all out AI buildout, re-industrialization buildout, energy buildout, cuz AI is energy. Just, you know, there's boxes which Nvidia put together and with a bit of luck can carry on doing it in Taiwan. And those boxes go into a shed and energy comes in and then AI comes out in a little fiber and a lot of hot air gets blown out the side. A bit like like YouTube really.

[00:28:04]And so you know the the dynamic is energy in AI out. So you got to have a massive energy buildout. I was talking to some nuclear guys and they said, "Oh yeah, we're going to have to double energy in the next 10 years." I said, "You mean 10x, don't you?" And they went cuz they know. They know it's going to be 10x energy, right? 10x energy. What?

[00:28:24]What the devil does that do? Oh, it won't be 10x. It'll be 2x. Well, China's gone 4x. It's got twice as much AI as you. You're toast. You're gone.

[00:28:32]>> So, so the holders >> is showing up in Africa.

[00:28:36]>> The holders of copper companies and uh uranium companies, I hope, will do very well.

[00:28:43]>> They do incredibly well. I mean, I I mean, there's always the downside that the pressure will be so high, governments will go in and muck it all up because they'll they'll want to, you know, grab hold of the resources and make sure they get it. I mean, the downside on AI is this. The government say, "Oh, Clive, you can't have it. No, no, you can't have it. We have to have it all. We can't afford you to be wasting our energy and and wasting our AI. We need it. You can't have it. You know, it's a weapon and therefore you need to get a license for it and you need to get a certificate to say that you can use it because I can't have you running around with AI outsmarting us. I mean, sorry, we got to use all the AI to against the enemy. Yeah, that that is something that might happen. They might say you can't have it. We we need it. We want it. We haven't got enough energy to have you all to have it. But of course, that countries that do that will perish.

[00:29:30]>> Yeah. And the ones that let it let it rip, for example, America. Yeah.

[00:29:35]probably China, they will win. They will globally dominate. I mean, if you invent the sailing ship, you conquer the world because that's a piece of technology that nobody else mastered. You master it first, you win. You don't master it like the French didn't master it and their king ends up with his head on a stick.

[00:29:51]Yeah. So, it it's absolute absolutely existential this stuff. And it's existential for individuals because if they don't grasp it, they will be in the economically passive group of people who will be crushed. And if they if you do master it and you do get on the train, you you're now a logger with a chainsaw rather than a little axe >> and you know, you're going to get paid a lot of money because your output, your productivity is going to go exponential.

[00:30:17]>> So you and I are rare breeds in as much as we're very much up with the latest technology. The vast majority people above 45 are still sitting at the desk with their Excel spreadsheet and t typing in figures manually. I was speaking um uh a few days ago with a lady uh she's the head of human resources for the IT department of one of the one of the world's largest companies. Let's call it top 100 companies. She said that they have over a thousand accountants typing in numbers every day reconciling portfolios so they can know what every client portfolio is worth manually.

[00:31:00]and the chances of getting uh because they've got so much legacy systems and the security concerns, the chances of getting AI in is going to be a very very slow process. She said >> they perish. They just perish. They just perish.

[00:31:16]>> It's like we don't want to do it. All my mates are in the accounts department.

[00:31:18]I'm going to get I'm not going to do them over for the boss and the shareholders. No, no, no. Oh, reasons, reasons. We can't do this. Reasons reasons. Oh, we're not making any money.

[00:31:26]Oh, oh, we've been taken over by somebody who does that that way. Oh, we're gone.

[00:31:30]It's having said that this is such a large firm and so many huge enterprises around the world totally depend on it.

[00:31:37]It'd be hard to see this particular one.

[00:31:39]They've got a I say they've got a moat.

[00:31:41]They've got a moat. It's the kind of company with a moat. I won't say the name because I don't want to release the name.

[00:31:46]>> I can tell you that moes are have got pretty shallow now.

[00:31:50]>> Yes. And that's taste. Yeah. Um, now as we're on AI, te tell me tell me cle in AI, what tools do you like? What do you use? What do you use it for? What do you what are you into?

[00:32:04]>> Well, I I I think I'm a bit of a weird user. Um, I I use it to um basically do deep research into stuff. So I I like to push it to the limit of what is known and then try to synthesize the the the basically untied off bits into something that no one's talking about yet. So I I just use it. So if you look at physics, I would push quantum to where everybody thinks it is and then I would say but this means that that all the untied off areas and try to synthesize them together. And for example, I keep coming up with quantum loop um gravity, which is like, oh, okay. Um but that's how I use it. And Track GPT has been good at that. But I do notice that they keep um downgrading the the um the actual models quite a bit, which is annoying. I don't like Claude. I I just I just don't like it. I just Grock is quite good. Grock is quite good for doing stuff that AI should do that it does badly. like, "Hey, read go through all these documents and pull out all the email addresses, will you?" It does that much better than than chat GPT. And I, as I say, I don't like Claude. Um, Bass uses Claude. So, I'm I'm I like Bass because it gives my AI legs. And then, as you know, you start to struggle with it mucking up. Why did you send that email three times rather than once? Oh, clear for sorry, boss. and all of a sudden the AI starts behaving like a slightly incompetent um intern and all those things. But I'm using base for automation. I'm using open claw for basically bowling my brain because it it's the it's the leading edge of this stuff. Um and chat GPT. So chat GPT base um 44. I use cursor for code not very often but I am starting to use it which is if the viewers don't know what what cursor is, it's amazing. You go, I'm going to write a document. I want you to do nils and crosses, blah blah blah blah blah blah blah. You write it in a in a document. Put it in a directory after you've installed cursor. And you you go to your right mouse click on your PC if you're a proper computer user and you say cursor, look at that document and get on with it. And it goes, oh, and then it just writes the Blooming program and there it is. And with an X, you click on it and there it is. And you know that's a so you know at the moment that's my edges and there's so much of it. I was using this Google music writing thing that they threw at me yesterday. It's mind-blowingly good. Absolutely mind-blowingly good. It does my tracks like I wanted to do them 10 years ago but wasn't good enough.

[00:34:38]>> So So even even a non-m musician can start to make his own music now.

[00:34:43]>> Yeah. Absolutely. and and you know I I as a musician myself um I I just took my lyrics and put the lyrics in and off it went and and and did it um because you just you say well I want it to be done like this you know industrial goth um punk rock with a with with Frank Sonata vibes um which is you know how I would have visualized it and then it kind of does it and then it does it bad and you say that's rubbish that is why don't you do that and it does it again and you think that's better that's better you could do it a bit more like that give it a bit more and it does it and five tracks down, you've got something that's really quite presentable. And um but it's an example of what's coming. And it's an example of the only thing of value is your personality and your taste. If you've got no taste and you got no personality, it's going to be difficult. Yeah. So, you know, and that's the YouTube way, right? I mean, there you are a YouTube influencer. There's me, YouTube influencer. I mean, what went right?

[00:35:40]>> And that is the future. I mean, the the funny thing is I expect you never expected it. I didn't I certainly didn't. I didn't uh plan to retire and become an influencer. It wasn't it wasn't my plan. It kind of ended up one day suddenly someone said, "Why don't you do your own YouTube channel?" I said, "Well, I'll give it a go." And suddenly there were subscribers, which was nice. Um um look, just uh on on AI, I'm paying using and paying for something like 11 or 12 different AI services. I think I'm probably costing me about $5,000 a year. Everything included.

[00:36:14]>> So, it's way over the top what I should be spending. I have to cut down. Um, >> no, you have to do more. You have to do more.

[00:36:21]>> Yes, >> you have to do more. Don't cut down. You know, lever up. You know, this is this is leverage. Just like saying, I got I've got this little chainsaw and oh, you know, it cost me much. Get a bigger one. Get a bigger chain shaw. Chop down bigger trees.

[00:36:34]I suppose the one I'm not uh really thinking of levering up would be chat GBT which I'm paying for. Um I find chat GB absolutely brilliant for quick short uh easy to find answers. Um it doesn't excel in all the areas I want to work in. If I'm going for security analysis um at the simple level I think Grock is a particularly good one for securities analysis. Um perplexity's got its merits. I use that quite a lot. Uh, Gemini, hardly ever touch it. Uh, Copilot, uh, which is a Microsoft product. I'm astonished that in terms of working with Microsoft products, it's the worst of all. Uh, because it should be it is >> probably trying to make a profit, you see.

[00:37:18]>> Yeah. Um, I I use Manis AI a lot. It's horrendously expensive. Uh, that's where a lot of my money goes. Uh but it it what I like about Manis is it does the job from start to finish whereas with all the others you give it a task then you got to take that what what's been done and then do something with it and then give it back and say now do the next stage whereas with Manace you can just get from a A to Z almost in one sweep. You might have to have some iterations but it'll do the whole works.

[00:37:49]That's that's the key for me and and that's why I've gone um with open claw where I just use a a chat GPT mini just to to do that and and base 44 which I'm finding very very useful because it can get out of that sandbox. Oh, write me an email. Thanks for the email. That's good. Change it to and send it. No, you can't cut and paste it. I don't want to cut and paste it. Just stick it in.

[00:38:09]>> You're just supposed to get get on with it. Well, a lot of the some of the competitors like uh Claude now promise and I I haven't tested it so I can't say that you can now do that what you can do with Open Claw. Um so we're getting there. But what one of the things I do I've started using now and I only started two days ago was using Claude code. Um and that's just blown my mind because I used to when I was writing code in the past I used to say to Claude, "Write me this program." Then I'd take the what was written and dump it into VS Code and then run it. And then I'd find a problem and I'd give it back. I say here's the code back to Claude, rewrite it, change this. Then I So I was going backwards and forwards, left and right. Now with Claude code, it's directly in VS Code and in the terminal effectively, and you just say um change this. You don't have to touch the program. You don't have to go any backwards and forward. It just changes it on the fly.

[00:39:04]Well, with the B base B 44, I believe that you can actually send it to your virtual servers and run it. So, you can do it, run it, compile it, upload it, put it on, switch it live and all that stuff. I mean, but you know, you have obviously and and we are in in the we are the tip of the spear certainly in our generation. Yeah. You've you've crossed the event horizon. You're you're in a different world from 90% of everybody else. And you know, you've you've escaped to the new world. You're you're out of the your chicken is you're out of the barn. You're out in the wild blue yonder. And you know, that's where the alpha is. That's where the alpha is.

[00:39:44]And I'm sure you make a lot of alpha as I do. But to make alpha, you got to get away from the herd. And as I say to those people, oh no, I didn't mean that. As I say to those people, if you want to get out of the herd, if you want to get to live in Switzerland or in Monaco, you've got to you've got to go over the event horizon and you got to be on this on this leading edge cuz that is where the alpha is. That's where the money is. And you know, everybody who's watching this going, "Oh, what these people talk about here all the time." You you got you got to go there. You got you will perish if you don't. The economically passive are going to get crushed are going to get totally crushed. the economically active are going to make out like bandits.

[00:40:28]That's what that K shaped economy is all about because inflation is coming because they're going to be printing like crazy to build this stuff out because ain't no second place. And they've got to who cares about the value of money? Yeah. And the only good thing is is that it should be economically explosive. So the value of assets should go up because productivity should go up and there should be an economic boom.

[00:40:51]But to frontload that, they're going to print like like there's no tomorrow. And that's going to create inflation. And people just sit there with a bag of cash. Yeah. They're going to get crushed. People in >> I want more money. Give me more money.

[00:41:05]Oh, here's more money. We just print it some. Have it.

[00:41:07]>> Yeah. But the world will divide itself into two two parts. those who are creative and making making a enough to have these those extra assets like a lifestyle in Monaco or a yacht or a snooty drive, those sort of things. Um, and th those who basically got their universal basic income and that's it.

[00:41:28]>> Yeah. Yeah. And you know, you don't want to be on universal basic. Well, you've you're on one of them already. That's what people don't realize. They think this is going to happen. It's happened.

[00:41:37]The government in Britain spends more money on the average family in terms of budget than the average family earns. So they're already getting a universal basic income. They just don't get a check. It's spent by the government on their behalf. And if you think you're going to get cash, you got another thing coming.

[00:41:52]>> Yeah.

[00:41:53]>> Yeah. They're just going to say, "Yeah, we know how to spend it better than you." Yeah. Your universal basic income, we spent it for you on what we want to spend it on. We're not going to give it to you. You'll just waste it. In fact, if you look at the history of cash back in the 1500s, the the the British government, if you want to call it that, didn't want to give peasants money. They didn't want to have copper coins because they just go lose it. They just lose the copper coins and then what we were going to do for copper. The French, they printed lots of little copper coins and boy did the peasants lose them. I find lots. But nonetheless, it it blew up their economy because it meant that the peasants could transact. But, you know, governments go, "No, no, no. You you don't know how to do this transaction.

[00:42:30]No, no, no. You don't know you don't know anything." Actually, we know it all. We'll have all that. Yes. Universal basic income. Have some pennies. We'll spend the rest of it because we know what you want. Really.

[00:42:40]>> Lovely. Thank you very much indeed, Clem. Um, been a great pleasure having you on the channel. Anything you'd like to tell my viewers before we wind up.

[00:42:48]>> Well, I've used up all my material now.

[00:42:50]I'm going to have to get more new script writers.

[00:42:54]>> Check out my substack. You know, people seem to really really like that. Um, that come to my channel. That's, you know, that's free, free, free as well.

[00:43:02]And, you know, read a few comments and, you know, make your own mind up. Um, you've had enough of me on this show, so you you see where I'm coming from. My stuff is for your raw material of the way that you can think about these things. I do I live in Monica. I do all right, but you won't hear what I just said anywhere else. I don't think I'll be surprised. Well, not now. You might hear about it in three months. So, you know, and I think Clive's gone occasionally gone, I didn't know that.

[00:43:30]Clem, lovely to speak to you. Been a real pleasure. Nice speaking to you, Clen. Bye-bye now.

[00:43:34]>> Yeah, see you soon. Chow chow.