1 00:00:00,120 --> 00:00:05,560 AI second week jobs. So I'm AII team, but you know, 2 00:00:05,560 --> 00:00:09,120 I'll just make the joke that I'm not coming for your jobs, only 3 00:00:09,120 --> 00:00:11,880 coming to assist you with your jobs. 4 00:00:13,720 --> 00:00:19,800 We've had the VP of Money 2020, Zach Pettit, that's VP Global 5 00:00:19,880 --> 00:00:23,320 Fintech strategy. He's a very big enthusiast of AI 6 00:00:23,720 --> 00:00:28,200 and you know, I'm Money 2020. I think those last year, yeah, I 7 00:00:28,280 --> 00:00:32,119 think the one in Amsterdam, they had the one in Las Vegas in 8 00:00:32,119 --> 00:00:36,120 October. So they said AI is not coming 9 00:00:36,120 --> 00:00:38,440 for your jobs, right? Your job is going to be taken by 10 00:00:38,520 --> 00:00:40,560 that person that knows how to use AI. 11 00:00:40,760 --> 00:00:42,800 But I'm going to put you on the spot here. 12 00:00:42,800 --> 00:00:46,960 Do you believe AI will create more jobs or replace them in the 13 00:00:46,960 --> 00:00:50,880 industries that you serve? See the technology always going 14 00:00:50,880 --> 00:00:54,200 to remove some of the people from the employment. 15 00:00:54,280 --> 00:00:58,120 It is definitely yes, because when when there was a time we 16 00:00:58,120 --> 00:01:02,800 have to send everything manually or do everything manually, there 17 00:01:02,800 --> 00:01:04,239 were a lot of the people who are working. 18 00:01:04,720 --> 00:01:09,040 And when e-mail came, it's reduced the numbers. 19 00:01:09,040 --> 00:01:12,880 And when, when telephone came, when mobile phone came from 20 00:01:12,880 --> 00:01:15,680 telephone because to be used to physically connect one 21 00:01:15,680 --> 00:01:16,960 connection to another connection. 22 00:01:16,960 --> 00:01:21,480 So when the mobile came, the technology always it's going to 23 00:01:21,480 --> 00:01:27,520 revolve by its own, the human, the people who want to survive. 24 00:01:27,560 --> 00:01:30,960 They're going to learn every single new technology. 25 00:01:31,640 --> 00:01:34,520 It's end of the day. And some people, of course, yes, 26 00:01:34,560 --> 00:01:39,680 some people will lose the jobs. There is no thought about it 27 00:01:40,040 --> 00:01:46,440 because I used to have an an secretary, she writes most of my 28 00:01:47,320 --> 00:01:51,720 things which I required. But now I have AAI assistant. 29 00:01:53,520 --> 00:01:57,160 Before I even read the e-mail, it's already prepared a reply 30 00:01:57,160 --> 00:02:00,160 for me. And you know, it's, it's what 31 00:02:00,160 --> 00:02:03,760 are the e-mail I get it's, it's already prepares my e-mail 32 00:02:03,760 --> 00:02:05,960 reply. And all I need to do it is I 33 00:02:05,960 --> 00:02:08,919 need to, it doesn't mean that I can send that blindly. 34 00:02:09,160 --> 00:02:13,280 I have to read it and still it's going to as a human, we need to 35 00:02:13,280 --> 00:02:15,600 do what we need to do. And I have to do the 36 00:02:15,600 --> 00:02:19,920 modification according to the requirement and then I send the 37 00:02:19,920 --> 00:02:21,920 stuff. But of course I don't need to 38 00:02:21,920 --> 00:02:26,760 think right now. I can be more efficient and 39 00:02:27,600 --> 00:02:30,040 that's how it's going to happen in the construction industry. 40 00:02:30,080 --> 00:02:33,640 Some of the colours choosing or sometimes there is a there is a 41 00:02:33,840 --> 00:02:38,120 image scanner which came in the stone industry, the slab it 42 00:02:38,120 --> 00:02:42,440 scans the slab and exactly tell the colour what is the actual 43 00:02:42,440 --> 00:02:45,360 colour is there in that particular material which human 44 00:02:45,360 --> 00:02:48,760 can't do it yeah. So the technology always going 45 00:02:48,760 --> 00:02:51,480 to play the major role. It gives the best that's the 46 00:02:51,480 --> 00:02:55,920 purpose of the technology. And it's our responsible that we 47 00:02:55,920 --> 00:02:59,760 need to make sure that we are using the technology and we 48 00:02:59,760 --> 00:03:01,640 using that As for a growth purpose. 49 00:03:01,680 --> 00:03:04,480 And we also learn about the technology we need to learn. 50 00:03:04,480 --> 00:03:08,320 Because if I say, you know how, how the Nokia said, you know, 51 00:03:08,320 --> 00:03:11,600 they're not going to evolve themselves for the touchscreen. 52 00:03:11,720 --> 00:03:16,200 When, when the when, when a company gave an opportunity to 53 00:03:16,200 --> 00:03:18,760 update the technology, they said no, they're not going to. 54 00:03:19,160 --> 00:03:22,120 If they're not going to update, then they're not going to be in 55 00:03:22,120 --> 00:03:25,120 the industry. Now the Nokia No one. 56 00:03:26,920 --> 00:03:29,600 Wow. You understood what I mean. 57 00:03:29,800 --> 00:03:33,360 Man, Nokia, I remember the days of using Nokia, it was crazy. 58 00:03:33,360 --> 00:03:36,240 We had really strong phones. We really strong battery life. 59 00:03:36,800 --> 00:03:41,560 Yeah, Remember Nokia 3310? Very, very strong phone. 60 00:03:42,040 --> 00:03:44,000 Even BlackBerry as well, you know, crazy. 61 00:03:44,000 --> 00:03:45,800 Yes, David Fisher evolved as well. 62 00:03:45,920 --> 00:03:47,200 So yeah. Yeah, yeah. 63 00:03:47,440 --> 00:03:49,400 If you don't evolve, you would you would die. 64 00:03:49,400 --> 00:03:51,240 You fear the way. Exactly. 65 00:03:51,600 --> 00:03:54,520 Exactly. So like how do you think a small 66 00:03:54,520 --> 00:03:58,040 businesses should approach AI when they feel? 67 00:03:58,240 --> 00:04:02,120 Overwhelmed see it's every business have the opportunity to 68 00:04:02,120 --> 00:04:04,080 grow. You know there is always there 69 00:04:04,080 --> 00:04:06,560 is a room to grow always there is a room to grow. 70 00:04:06,640 --> 00:04:11,360 You hire a person right? It's it's not see nowadays you 71 00:04:11,360 --> 00:04:14,720 no need to hire somebody for a full time for anything. 72 00:04:14,720 --> 00:04:19,000 You have a lot of a freelancers recent days and you have a lot 73 00:04:19,000 --> 00:04:21,760 of the people to do what we require to do it now, because 74 00:04:21,760 --> 00:04:26,120 it's not like in in those days, you need to wait for a one 75 00:04:26,120 --> 00:04:28,240 person to come and fix that issue. 76 00:04:28,320 --> 00:04:32,120 No, it's no more if you're not there. 77 00:04:32,120 --> 00:04:35,320 If that person is not there, you have another person, you have 78 00:04:35,320 --> 00:04:37,120 another person, you have another person. 79 00:04:37,520 --> 00:04:40,360 It's a very competitive world. That's how the small business 80 00:04:40,360 --> 00:04:42,880 are required. They just need to find the 81 00:04:42,880 --> 00:04:47,240 opportunity and, and do if they, if they're required that they 82 00:04:47,240 --> 00:04:51,200 need to hire somebody to modify the system, they have to hire 83 00:04:51,200 --> 00:04:52,960 because they no need to hire for a full time. 84 00:04:53,000 --> 00:04:56,240 They can hire for three months or six months or 12 months. 85 00:04:56,760 --> 00:05:02,200 And they can put the system in place and, and just doing it, It 86 00:05:02,200 --> 00:05:06,480 is, it is as a small company, as a small business, it is your 87 00:05:06,480 --> 00:05:08,960 responsible to do. What do you require to do with 88 00:05:08,960 --> 00:05:13,200 you if you think you want to, to serve more, to make a business 89 00:05:13,200 --> 00:05:18,320 better and you have to do it, You can't say Oh no, even if I'm 90 00:05:18,320 --> 00:05:20,680 not going to do it, still I'm going to going to get my 91 00:05:20,680 --> 00:05:22,320 customers. No, it's not going to happen, 92 00:05:22,960 --> 00:05:23,160 No.