This week Steve and Cam debate Apple Intelligence – the biggest flop ever? Or the the beginning of huge things for AI? Also – Cam talks about his timeline for the next five years, and how the world’s economy is going to require complete re-engineering.

Futuristic 26

[00:00:00 ] Cameron: Testing, testing, loop back, yeah, I think everything’s running. Welcome, welcome back to The Futuristic. Uh, this is, um, I’m not sure what episode this is, cause I haven’t, do you know what episode this is? 26 says Steve, thank you Steve. Uh, it’s been a few weeks between episodes, Steve, because we were talking like, hey, there’s not much happening, not much going on, then all of a sudden, everything’s happening, everything’s going on.

[00:00:37 ] Cameron: Uh, Apple, Apple. This week, a couple of days ago, did their WWDC event where they announced

[00:00:45 ] Cameron: Dun, dun, dun, dun, Apple Intelligence.

[00:00:51 ] Steve: And I’m glad they called it that, Cameron. I’m glad they called it that because there was nothing artificial about it, my friend. There was a few little just maneuverings. And I feel like there’s a big heated discussion on the relative merits of Apple intelligence because let me tell you, that’s all it was, man.

[00:01:08 ] Steve: It was deck chairs inside the Apple ecosystem.

[00:01:13 ] Cameron: Steve sent me a text basically saying

[00:01:15 ] Cameron: he thought it was a bunch of bullshit. And I was like, Oh, I disagree, man. I think it’s huge. So we had to do a show, but we were just talking off air

[00:01:21 ] Cameron: about,

[00:01:22 ] Steve: glad, I’m glad that we disagree because no one wants to tune into the Mutual

[00:01:26 ] Steve: Agreement Society. How boring is

[00:01:27 ] Steve: that

[00:01:28 ] Cameron: Well, we normally, we normally agree. Um, I, I wanted to have my QAV Kynaston on because he and I had a debate on at the end of our QAV show this week for about an hour about AI. He’s still very cynical and skeptical that AI is gonna have any impact on the world. And, uh, I was like, dude, I need to get you on with Steve and we can have this debate.

[00:01:51 ] Cameron: Cause I respect Tony. He’s one of the smartest guys I know. One of the most successful guys I know. And so I respect anything he has to say, but I think he’s missing the point on AI. But anyway, um, we were off air, you and I were talking about David Lee Roth, the wisdom of David Lee Roth, and then you brought up Motley Crue, which brings us back to Apple, because the opening of the WWDC, Craig Federighi and his team, uh, Paratrooping, skydiving out of an Apple plane to the Motley Crue track Kickstart My Heart.

[00:02:30 ] Cameron: I thought it was all quite funny. Frederique pulling on his helmet that was basically a version of his perfectly coiffed silver hair. Jumping out, uh, and then they, they land and Tim Cook’s waiting for them, standing on the

[00:02:46 ] Cameron: roof of, uh, the Apple headquarters at number one loot. Um,

[00:02:53 ] Steve: yeah, I’m not jumping out. I’ll just stand here,

[00:02:56 ] Steve: kids. Well,

[00:02:58 ] Cameron: Uh, so the first hour of the two hour show, I was sort of going, when are they going to talk about AI, because they’re talking about, All of the updates to iOS and Apple, the watchOS and the macOS, no mention of the AI stuff, and I’m like, come on, we know that the OS stuff, the AI stuff is coming, we know that it’s going to impact all of these things, why aren’t you leading with that?

[00:03:26 ] Cameron: They’re trying to do a Steve Jobs one more thing. AI. It should have been Woven into the whole presentation, I thought. My complaint was, stop wasting my time talking about all of the updates to the OS if you’re not talking about the thing that actually we all came here for, which is AI. But anyway, that was my biggest complaint about the whole thing.

[00:03:54 ] Cameron: I don’t really care about being able to change the color of the widgets in the iOS, and I don’t really care about emojis, and I don’t really care about Being able to time text

[00:04:08 ] Cameron: messages. I don’t really care about anything that they had to talk about, quite honestly, until it got to the AI.

[00:04:14 ] Steve: it seems like, it seems like you agree with me because everything

[00:04:18 ] Steve: you’ve mentioned, you don’t care about, which is 99 percent of what was announced. There was, there was nothing, nothing. It was one out of 10. It was a massive flop, it was a super fail, and the fact that their share price has gone up 10 percent since

[00:04:34 ] Steve: then is astounding me.

[00:04:37 ] Steve: But no, no, it doesn’t prove me wrong, because we know that in the short term,

[00:04:41 ] Steve: the share market doesn’t know what it’s talking about, but in the long term it does. It’s a voting machine, and it just proves that the world are morons. That’s all that proves, and that fund managers don’t understand AI.

[00:04:51 ] Cameron: I said, Tony should have been on this and here you are quoting Benjamin Graham, Tony’s, uh, God. Um, in the short term.

[00:05:00 ] Cameron: It’s, uh, no, in the short term it’s a voting machine, in the long

[00:05:03 ] Cameron: term it’s a weighing machine.

[00:05:05 ] Steve: machine, exactly.

[00:05:06 ] Cameron: Benjamin Graham’s,

[00:05:07 ] Steve: to say, Mr. Benji Graham, Intelligent Investor. Well, they had a 10 percent um, upside on a 3. 2 trillion market cap, which is 300 billion in value, and it turns out that the current market valuation of OpenAI, I think, is 98 billion. Tell me how, What Apple announced, this is the irrationality of markets.

[00:05:28 ] Steve: Tell me how what Apple announced is worse three times of what OpenAI is.

[00:05:33 ] Cameron: Okay,

[00:05:34 ] Steve: is, this is where people fail to get

[00:05:36 ] Steve: Yeah,

[00:05:37 ] Cameron: No, this is where, in all due respect, cause you know I love you and I respect

[00:05:42 ] Steve: you know what all due respect means? Hey dickface.

[00:05:45 ] Cameron: you

[00:05:47 ] Steve: all due respect,

[00:05:49 ] Steve: I’m really saying hey dickface.

[00:05:52 ] Cameron: should take that,

[00:05:53 ] Cameron: um, uh, gracefully because I don’t respect many, I don’t respect many people. And

[00:06:00 ] Steve: you don’t respect anyone, and I’m pretty

[00:06:01 ] Steve: suspicious you

[00:06:02 ] Cameron: for,

[00:06:02 ] Steve: respect me, which is fine. The

[00:06:04 ] Steve: longer some

[00:06:05 ] Cameron: For me to say that, for me to say that, it means a lot,

[00:06:10 ] Steve: Thank you. Thank

[00:06:11 ] Steve: you, mate.

[00:06:12 ] Cameron: Um, no, look, Apple Um, of, uh, Apple’s reach is enormous. The fact that Apple are now putting AI in, and they’ve always had machine learning. I don’t know if you saw, um, Tim Cook’s interview on, um, Marcus’s podcast. But, you know, they were talking about the fact is Apple will say, look, they’ve always been using AI. There’s AI in your watch, fall rec, you know, when it knows that you’ve fall alerts, the way it does it, they got machine learning and AI has been part of Apple’s thing for a long time, but they haven’t talked about it as AI since the whole LLM generative AI thing took off.

[00:06:55 ] Cameron: And that’s what we’ve been waiting for is them to say, Hey, here’s how we’re