It’s the Death of Google

Last week, Congress held an exclusive hearing on artificial intelligence (AI). There were three key takeaways about the future of AI and where investors should look, but one thing is certain: Google is on the chopping block. [Outsider Club Header] May 22, 2023 By Alexander Boulden for the Outsider Club It’s the Death of Google Dear Outsider, Last week, Congress held an exclusive hearing on artificial intelligence (AI). The witnesses in the hearing included OpenAI CEO Sam Altman, IBM Chief Privacy and Trust Officer Christina Montgomery, and New York University professor Gary Marcus. After watching the three-hour sideshow, there were three key takeaways about the future of AI and where investors should look. (Hint: Google is on the chopping block.) First, there won’t be any pause in AI development. This past March, Elon Musk and over 27,000 other high-profile thinkers signed an open letter penned by the Future of Life Institute that called for an outright pause in AI development, stating, “Advanced AI could represent a profound change in the history of life on Earth, and should be planned for and managed with commensurate care and resources.” Leaders in the space fear that a new type of AI, called artificial general intelligence, will pose profound risks to human life as we know it. Artificial general intelligence, or AGI, doesn’t exist yet, but it’s a theoretical machine that can understand and learn precise human tasks. Think Ava in Ex Machina or Arnold Schwarzenegger in Terminator. A bit scary, indeed. Second, we will see an "AI constitution" or "AI bill of rights" very soon. In fact, the White House already published a “Blueprint for an AI Bill of Rights” last year. In the blueprint, the White House states, “Unchecked social media data collection has been used to threaten people’s opportunities, undermine their privacy, or pervasively track their activity — often without their knowledge or consent.” It outlines these five principles for the future use of AI: - "Safe and effective systems: You should be protected from unsafe or ineffective systems." - "Algorithmic discrimination protections: You should not face discrimination by algorithms, and systems should be used and designed in an equitable way." - "Data privacy: You should be protected from abusive data practices via built-in protections and you should have agency over how data about you is used." - "Notice and explanation: You should know that an automated system is being used and understand how and why it contributes to outcomes that impact you." - "Human alternatives, consideration, and feedback: You should be able to opt out, where appropriate, and have access to a person who can quickly consider and remedy problems you encounter." [This Secret Form Could Hand You Six Figures!]( A recent SEC rule change just unlocked THOUSANDS of extra dollars a month for everyday Americans… And at the heart of it all is a secret form… One that gives you the same kind of income opportunity that’s only been available to the world’s wealthiest billionaires… Which means you can start collecting payouts of up to six figures, no matter your net worth! [You just need to fill out this simple form to get started.]( These are all a good start, but enforcing these rules will be tricky, hence the lengthy congressional hearing. We’re just seeing the tip of the AI iceberg. Finally, there’s a lot of money on the line... Sen. Josh Hawley, in his closing remarks, said, “Having seen how agencies work in this government, they usually get captured by the interests that they’re supposed to regulate. They usually get controlled by the people they’re supposed to be watching.” Maybe he’s alluding to Nancy Pelosi’s stock trades… But what this means for investors is that Congress is most likely already making money off the trend by trading AI stocks. So that means we can too. Follow the Money I did some digging and looked at the three most popular AI companies right now to try to see if Congress has been buying up shares. What I found might surprise you. First up, we’ve got Big Bear AI (NYSE: BBAI). The company provides artificial intelligence and machine learning to support federal defense and intelligence agencies, manufacturers, third-party logistics providers, retailers, health care companies, and life sciences organizations. Seems like a company Congress would be buying, but I couldn’t find any evidence of that. Then I looked at SoundHound AI (NASDAQ: SOUN), a speech recognition software company developing a voice-activated AI assistant. But I couldn’t find any Congressional buying there either. Finally, I looked up C3.ai (NYSE: AI), an enterprise AI software company. If you listen to NPR at all, you know that C3.ai has been advertising heavily with the company. And what do you know? Members of Congress have been buying in and out since as early as January 2021. Former House Democrats Tom Malinowski and Thomas Suozzi as well as House Republican Pete Sessions were caught red-handed trying to make a buck off the trend in 2021. That didn’t work out too well for them, but the fact remains that AI is generating trillions of dollars’ worth of interest from investors big and small. Tesla Is Dead... Elon Musk Is Ruined Thanks to a new discovery — known as “Blue Gas” — electric car companies like Tesla are about to go down in flames. “Blue Gas” is 100% emission-free, can propel vehicles hundreds of miles, and allows cars to fully charge in just minutes. And the tiny company behind it is primed to absolutely shatter any gains ever paid out by Tesla. [Click here before this stock explodes in the coming months.]( The End of a Dynasty One final note about the AI hearings is that not a single person from Google was questioned... Seems odd that such a stalwart Big Tech giant wouldn’t be represented at an AI hearing. That’s because Google and its other Big Tech brethren are on the chopping block for exploiting the American people’s data through advertising. We've been bought and sold, and even Congress is fed up. [Experts are calling it "the death of Google."]( Oh, how the mighty have fallen. Now, the company’s been trying — and failing miserably — to keep up with ChatGPT’s popularity. Internal documents from an employee at Google were recently leaked that outline how bad the situation is over there. Google says it has no moat, no “secret sauce.” The company even admits, “We aren’t positioned to win this arms race...” Needless to say, [Google CEO Sundar Pichai has been sounding the alarm...]( The good news for investors is that as Google slowly perishes, it's paving the way for other, smaller tech firms to take the reins. We’ve got our sights set on a small company with a patent on a critical piece of AI hardware that could hand early investors a windfall. See you out there. Stay frosty, Alexander Boulden Editor, Outsider Club After Alexander’s passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing. [Check out his editor's page here](. Want to hear more from Alexander? 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