This ârecallâ ability will send AI adoption through the roof⦠[The Jolt with Stephen McBride] AI can now remember everything you say Iâm hosting a live âAsk Me Anythingâ session tomorrow at 10 am EST for Disruption Investor members. Itâs a great chance to ask me anything thatâs on your mind, and Iâll do my best to answer all your questions. If youâre a Disruption Investor member, I hope to see you there. If youâre not and want to join, [go here](. There will be a replay if you canât make it live. Moving on, thanks for all the feedback on [Mondayâs Jolt](. With Googleâs (GOOG) stock down 10% in the past month, I think its decision to choose ideology over accuracy is finally catching up with it. Continue to avoid. - Did you know this is the biggest election year in history? Iâm not only talking Novemberâs US presidential election. In 2024, 76 countries with more than four billion people will head to the polls. Investors, pay attentionâbecause any politician who wants to get re-elected is incentivized to hand out goodies to voters. Itâs already happening in America. The Biden White House âforgaveâ $138 billion worth of student loans. And Congress recently passed a $78 billion business and child tax break bill. [Iâve warned a stock market correction is likely coming.]( The market is ripe for it. While the S&P 500 keeps moving higher, fewer and fewer stocks are rising. But I expect 2024 to be a great year for stocks overall. Election year goodies = money injected into the economy. And that typically boosts stock prices. If markets dip, politicians seeking re-election will be quick to fire up the money printer. What do India⦠Germany⦠France⦠Indonesia⦠and Taiwan have in common? Theyâre all holding elections this year⦠AND their stock markets are breaking out to new record highs. Markets are telling us 2024 could be a global election year melt-up. Invest accordingly. - Artificial intelligence couldnât remember what you asked it yesterday or even five minutes ago⦠until now. ChatGPT creator OpenAI recently announced chatbots are getting long-term memory. Say you ask ChatGPT to find the perfect restaurant for you and your wife in NYC. The AI will be able to recall all you past conversations and remember you like sushi⦠then show you a shortlist of all the best sushi restaurants. This ârecallâ ability will accelerate the adoption of AI agents. Remember, [AI agents are like personal assistants that complete specialized tasks for you⦠never get tired⦠and work for free](. These little AIs are going to kill websites. Google.com as we know it today wonât exist in five years. TODAY: Google serves you up 10 blue links. You must scroll through to find what you want. TOMORROW: Youâll simply tell your AI agent what you want, and it will do the job. For example, the idea of manually scrolling through Zillow (Z) will soon seem archaic. Your AI agentâwho knows which neighborhoods you like, how many bedrooms you need, and your price rangeâwill show you the five best options. On command, itâll contact a realtor and organize viewings for you. Three big takeaways here: #1: AI is advancing at a dizzying pace. ChatGPT isnât even 18 months old. Every month, weâre seeing new breakthroughs that enhance its capabilities. Agents will destroy websites (and chatbots). #2: Get ready for a wave of disruption. iPhone apps created almost $4 trillion in stock market wealth and a whole new set of winners, like Uber (UBER) and Airbnb (ABNB). AI will create $5 trillion of market cap over the next decade, at the very least. #3: How we profit is clear. These agents require dense networking equipment and many, many more powerful chips than currently exist. Thatâs why weâre buying AI infrastructure winners inside [Disruption Investor](. - I avoid political talk as much as I can, but an upcoming vote here in Ireland struck a chord with me. Thereâs a referendum on giving âsingle-parent familiesâ the same rights as married couples. Without getting into the legalese, it basically says âone parent is as good as twoâ for kids. As someone who was raised by a single mother, I can tell you this is not true. And the facts are on my side. Kids raised in single-mother homes are about five times more likely to be poor than kids from married homes. And boys raised by only one parent are more likely to go to jail than graduate college. This research is from University of Maryland economist Melissa Kearneyâs new book, The Two-Parent Privilege: How Americans Stopped Getting Married and Started Falling Behind (which Iâm reading). To be clear, Iâm not saying single parents should be tarred and feathered. God bless them. Iâm saying kids raised by two parents do FAR better, on average. And to give every child the best possible chance of flourishing, we should promote two-parent households. Itâs funny how politicians who lecture us on why we must fight climate change to âsave the kidsâ also denigrate the family⦠which is the single best thing for kids. Make nuclear families ([and nuclear energy]() great again. - Todayâs dose of optimism⦠Thereâs a big gap between how we feel about our own lives and the country. Data from polling firm Gallup shows Americans' satisfaction with their own lives is at 85%... yet satisfaction with the direction of the country sits at just 17%. Source: Gallup I think the newsâwhich is a never-ending feed of the worst things happening on a given dayâexplains this persistent gap. We experience mostly good things in our own lives. Hitting targets in work⦠pursuing passions⦠going on vacation. So, we feel good. But open The New York Times, and itâs nothing but death, destruction, and despair. Overdose on news, and you wonât feel like getting out of bed tomorrow. Ignoring the news is the easiest âcheat codeâ to living a happier life. Stephen McBride
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