Capitalist Investor

The Apple Event and the Impact of AI on Smartphones, Ep. 286

• Strategic Wealth Partners

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In the latest episode of the Capitalist Investor, hosts Luke, Tony, and Derek dive deep into a series of riveting discussions that range from new technological advancements to the implications of artificial intelligence on the economy. Here are the five hot topics they covered:
1. The New iPhone Release and Its Market Reaction
Derek introduced the podcast by addressing the recent Apple event, focusing on the release of the new iPhone 16. Luke noted that the stock market was not overly impressed, with Apple shares showing a slight decline post-event. This segment explored why investors might have felt let down and discussed the importance of continual innovation in keeping tech stocks thriving.
2. AI Integration in Smartphones
Luke and Tony discussed the growing role of AI in smartphone technology. They examined current AI features, such as advanced search functionalities and real-time image recognition, and contemplated how far this technology could go. Tony pointed out that AI is still energy-intensive, which restricts its full capabilities from being utilized in mobile devices.
3. Global Market Share of Android vs. iPhone
Tony brought an interesting statistic to the table: approximately 70% of users globally prefer Android phones, while 30% stick with iPhones. This sparked a discussion on regional preferences and what it means for companies like Apple in a globally competitive market. Derek reminisced about how the internet, once a mysterious technology, eventually became mainstream, hinting at a similar trajectory for AI.
4. Privacy Concerns in AI Technology
Tony raised concerns about privacy with the increasing integration of AI in everyday gadgets. While Apple claims that user data is not stored or shared, the hosts found this assertion dubious. They questioned where the data goes and how secure it really is, setting the stage for a heated discussion on data storage, potential risks, and the importance of transparency.
5. AI's Economic and Employment Implications
The hosts delved into a more philosophical debate about AI's long-term impact on jobs and the economy. Tony and Luke discussed the possibility of a future where AI replaces many human jobs, leading to systematic unemployment. Luke introduced the concept of Universal Basic Income (UBI) as a potential solution but also pointed out the complications it could bring to private enterprise and capitalism.
Final Thoughts
This episode was packed with thought-provoking discussions on both the practical and speculative aspects of advancing technology and its broader societal implications. From analyzing Apple’s recent product launch to speculating about a future dominated by AI, the *Capitalist Investor* continues to offer valuable insights for tech enthusiasts and investors alike.
If you missed this episode, be sure to catch up and stay tuned for more engaging conversations. Don't forget to send in your questions, comments, and show ideas to swp@connect.com. The future of technology and investment is a journey worth following, and the Capitalist Investor is your perfect guide along the way.

Hello and welcome to this episode of the Capitalist Investor. As always, you have me, Diamond Hands D, and we got the whole crew. Cool hand Luke, Tony the tiger. What's going on, guys? You both have iPhones, don't you? Yep. You guys are part of the cool kid club, I guess. Yeah. My back is shot. You have. I have a Samsung, a new s 24 plus. I'm now cool because I have the newest technology. Is that like Android? Is that what that is? I mean, all runs on the Android iOS. Like, even Google and I think a couple others, they all run similar operating systems, and it's all considered Android. But today we're talking about good old Apple event where they released the new iPhone 16. AI kind of brought it that into the equation. So we're going to focus on future of technology, phones, new technology, dream a little bit about what the future looks like. I think Apple disappoint a little bit. I think their stock sold off, actually, after the event a little bit. I don't think investors were too happy with it. I'm sorry. I just looked this up. Like, I didn't know that 70% of iPhone users are and, like, our Android and 30% is iPhones. I just. That's what. That's what the Google machine is telling. Me you talked about 70% of users. Are Android, yet have Android phones operating systems, and 30% are Apple. That's crazy. I thought it would be because America is mainly iPhone. I believe the world in general, Japan is mainly Android. Is it. Okay, cool. Anyway, sorry. I digress. So, okay, what do you guys want to talk a little bit about what the AI component is within the phones? Like, is it like a juiced up chat, GPT autocorrect thing that they're kind of talking about? Like, what's going on there? Well, the things that I'm saying, like, they got a. They got a. They gotta really dip their toe into this thing because a AI takes so much energy. I think the iPhones and just smartphones in general aren't strong enough to handle all AI capabilities yet. I read that years and years ago, we're having just problems of having the data centers energized to do AI. It takes a lot of energy because they just constantly think, so it's gonna take a long time for the technology to support full blown AI, like, running my life off my iPhone. But, like, what they're trying to introduce is, like, hey, find, you know, I talked about XYZ in this text message. Go find it, and they'll go find. That's cool. Like, hey, I took a picture of this dog. I don't know what kind of dog it is. It'll tell me what kind of dog it is. Like, I wouldn't mind saying, like, you know how hard it is to find a picture in my iPhone like that I took four years ago. I already have that bar in my Samsung. Yeah, I can search for a dog and find every picture of Milo that I, that I have. Really? Maybe I should, maybe I should know how to use my iPhone. My bad. Somebody show me how to do that after the show. Yeah, I think, I think AI is kind of like, kind of like the Internet when it first started, you know? Remember when? Well, luke, no, I don't. But, you know, when they were talking about it on the Today show, like, oh, what is this Internet thing? You know, I wonder if it'll catch on. You know, and, like, when, you know, people, a company started putting websites on their commercials and stuff like that, it's like, oh, that's, you know, it's difficult to visualize the, the concept, you know, without actually being in it. So I think AI is kind of a lot like that. I think people just have trouble wrapping their brains around it. But make no mistake, once it gets to a, and this is a, I think this is a fairly important step to getting it to the mainstream. You know, like we're talking about certain presidential debate topics. Yeah. I don't think that the general consumer really understands what AI can do for them. And I think as stuff like this rolls out is going to become more and more a part of everyone's life. I don't disagree with that. I just don't know what the average person's application are. They like, there's certain things on my phone like, I just never use, it's there, but I never use it. I think this is probably one of those things you're kind of alluding to. Wherever I, yeah. AI may be juicing up some features, but majority of whatever AI imagination that they're trying to tailor put into these phones or put in these technology, a lot of people are just going to ignore and not use it. It's not like they're going to buy a new phone, I don't think, because the technology or whatever the applications are, aren't as sexy as consumers would want them to be to buy the newest phone. So again, the phones are getting to the point where they just aren't getting that much better. And the apples of the world, the phone companies that are, even the blackberries that still exist the Samsung, they have to figure out a way to pivot this technology. When smartphones first came out, it changed the game. You can now search the Internet on your phone. You could play games on your phone, you could do all this cool, fun stuff that you were never able to do. Technology in 15 to 17 ish years, whatever it be. I think what iPhone first, like, iPhone smartphone came out, like, what, 2004, 2005 area? Like, it's been almost 20 years now, and the technology really hasn't changed. IPads. I mean, the tablets were supposed to be kind of a cool next thing where everyone was gonna be walking around with a tablet. I remember in high school, I thought I was the coolest person in the room. Cause I was, like, one of the first people that had a tablet, and I was, like, showing it off, bringing it to class, and, like, 7th grade, 6th grade, whatever it be. And that kind of stalled out. Like, no one really cares about tablets anymore. So it's. What's a new thing? So, like, what about, like, let me. Let me change gears here. So, like, let's go conspiracy theory on this. So, like, your phone hears you on everything you do. Like, hey, I'm gonna talk about generators right now. I bet you sometime today I start seeing pop up ads for generac generator, right? But here's where Apple said, like, hey, with all this new AI stuff. Your. Data is never stored or shared with Apple. Cool. Where's it go? Is it just on my phone? It's got a bounce somewhere. It's got to go to a cloud. Like, I'll go look for it when I'm flying out my airplane. Like, camel is. It's up there somewhere. Right? Anyway, sorry. But seriously, though, like, okay, then where does it go? Where's it stored? Because it is it just on my phone? So if my phone is destroyed, all my. All my AI stuff is dead. Dead, gone. Right? Tell. I mean, what is that? How is it not stored? That's where I'm confused. It's got to be stored somewhere. I'm certainly not an expert, but, you know, like, the Snapchats, remember, those weren't supposed to be stored, but they're all. They all exist somewhere, right? So. So, yeah, it has to be, I would think. And, you know, they're like, we'll let the independent experts verify the private privacy. I don't know, man. Like, this stuff's technology. It's stored somewhere to be dug up later at a different time or to. Be used by Skynet. Yeah, exactly. But, I mean, it sounds conspiracy. They're saying they're not. I don't believe it. I just don't like it doesn't make any sense. I definitely think AI is just more of a business application than a personal use application. That's. I think it's gonna be more important from the business side than it is about, you know, trying to get the consumer to use it in their daily life. That's my quick summary of that. So AI is meant to replace people? It's meant to. It's going to be a process of aiding people first, and then it's going to replace them. I just don't know how much more you can give and do to the average person applying it. I know. I mean, again, we're going to be living in the world of the Jetsons because once you have AI and robots that operate under aihood, Skynet. Right. But honestly, like, that's job description, job destruction. What are we gonna do when robots and everything are doing our jobs? What are we gonna do on a day to day? Like, how are we gonna make money on this? Huh? Well, I have a. Everyone just have like, little businesses that have, like, I don't know, I'm making my robot make me some cupcakes to sell to people today. I don't know. Yeah. I mean, no, seriously. Yeah, that's it. We've talked about it before. The whole UbI comes into the equation, because if you don't have jobs and you have systematic unemployment, you then have to have a universal basic income to support the lower middle class. But then if you don't have a private enterprise that can't fund the government, then that kind of screws things up too, going down. That that's one thing. But then, you know, I just watched the new aliens movie last night in theaters, and they had like, a robot, cyborg, whatever it be. And, you know, they basically, during halfway through the movie, they upgraded his, like, you know, Chip. Essentially. It made his AI software better and he was able to operate more efficiently, more better. And, you know, it's gonna get to the point where AI is able to program AI whenever AI can program itself. That's when the whole game changes. And, you know, the theory is we haven't reached that point yet. However, chat GPT, if you remember, about a year ago or maybe nine months ago, a couple people left OpenAI, the founders of Chat GPT, because they were concerned that they reached the point that they wanted to reach, which was basically like a human intelligence, intelligence kind of part of it. And if that's the case, it makes you think and wonder was chat GPT OpenAI able to basically create AI, the programs itself? And at that point in time, no human is needed for a lot of the software technology firms that we have, people will get displaced. UBI is around the corner because of that. Robot tax is something politically you're probably gonna hear. Ubi, what is that? Universal basic income, basically where, you know, instead of welfare benefits, like we have to protect people that or part of lower income that need benefits, you're going to have basically middle class America getting a check every single month just because they need it to afford a living, because their wages are so low, because AI is taking a lot of their jobs or they don't have jobs. Yeah, I mean, the AI is going to definitely reprogram. I've told this before, I don't want to get too far deep into this. This is kind of off topic, but we are at a point where we're kind of at the late stage capitalism. So I've had this conversation actually a couple weeks ago, about a week ago with somebody, a client, actually. You know, I was talking about how capitalism early stage capitalism is so amazing because it brings wealth for everybody. Like, you know, from 18 hundreds to 19, probably 70 middle class America benefited from capitalism bringing wealth to middle class. Lower class is no longer in today's world, part really poor. They have housing, food, everything. As long as you're part of the system that was created, you have everything taken care of. You have the newest iPhone every year, like, you truly the poor aren't poor anymore. So capitalism early stage creates a lot of wealth for everybody. Late stage capitalism drives wealth to the top. And then people get jealous because there's billionaires out there worth hundreds of billions of dollars, like Elon Musk, Jeff Bezos, and they think that redistribution of wealth works. So then they vote in more socialistic tendencies like Ubi, down the road, wherever it be, and then it just makes wealthy wealthier. And then people get even more irritated and then communism truly comes and then the whole system implodes. So we are at this point now where late stage capitalism is actually rear and its head around the corner. And over the next 100 years, you're going to see more and more socialistic communistic tendencies. And then America will implode. If it's going to buy all these mega yachts, dude, when you take all the money from the real rich people, who's going to buy that stuff? Well, the real rich people stay really rich. They get richer, richer, they get richer. Communism only drives wealth to the top. All right. Well, thanks for listening this week. If you guys have any questions, comments, show ideas, hit us up at info connect.com and we'll talk to you next time. 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