1:03:27 I know people who are making millions of dollars. They charge 10,000-20,000 dollars for a wipe code MVP. They don't know how to code. But there is one founder who needs an MVP or minimal viable product and he doesn't know how to wipe code or they don't have the time to wipe code so they're paying someone else to build that product using lovable, using emergent, using these tools. That is Wipe Coding as a Service. I have a friend named Harshitha He again does a multi-million dollar agency. You know what he sells? AI agents. I told you about my sponsorship agent, right? If you have three problems, like sponsorship and all that... He charges 30 lakhs or 40 lakhs or 50 lakhs. He builds those agents and deploys them for you. Every month if there is any problem, he takes care of it. And then he charges extra for that too. This is AI Agent as a Service. And I've told this openly to my team people also. Every company has so many problems
1:04:21 Find a problem that you are passionate about. Figure out how to solve it with AI. Do we need an AI agent? Do we need a wipe coding product? Or do we need both? Do we need one workflow? You go through this ADAPT framework, you figure out and solve that problem And deploy that solution in your company It will take 3-4 months to fine tune it, whether it works or not. Solve that bloody problem in your company! The moment you solve that problem... Let's say Vamshi, let's say you are the person working for a fintech company. Let's say you work at Groww. You have solved the problem of growing in fintech companies using AI. How many fintech companies are there in India?
1:05:05 How many fintech companies are there in the world? If that problem is growing, it will be in 10,000 companies. Can't you make that into a product and sell that? People say and it's true that AI is going to be destructive It also is the most constructive thing we have seen in our generations Are we executing or looking at opportunities Or watching movies while sleeping That's the difference Because I think this is generational. I truly, truly believe it's generational. See intelligence is a problem and we can solve that with billions of dollars of industry. When thousands of crores are burning
1:05:50 She has been sitting on a bench for 3-4 years. So, what's the future? I don't know whether to ask or tell her. Inflection! Everything goes to an inflection point. That is it. We say this a lot. How old are jobs? Humans started working in jobs for how many years? Think about it. Couple of hundred years? Probably 100 years. How long have you been around? Ask your grandfather what his grandfather used to do. He was not doing a job for sure because he didn't exist Right? We humans are incredible with adapting. And we also have a short term memory. Computer jobs, you're talking about computer jobs How old are the jobs which are around computers? 20 years 25 years that's it! 20-25 years That is the story and then there is pain point. Yes like 25 years is old. Before that weren't there any jobs? People survived right? There are...we will adapt but the problem with all of this equation is see..there is going to be
1:06:54 Long term, there's going to be utopia. Utopia is it's going to be all happy because they will be universal basic income or there's going to be either UBI, which is universal basic income. I'll explain you what that is or Elon Musk says it's going to be universal high income not basic height, which just which I really hope Elon Musk is right okay but uh universal high income what does that It's very simple. Actually, quite interesting I don't know how many of the people are geeking out Sam Altman dropped a report okay? Okay! It is a report for the intelligence world that we're going to live in. Okay? I can't remember what was the name of that report. It is a fancy word. So I can't remember it. Your team please tell me. The Intelligence Report predicts that AI is becoming so smart and in next few months if not years... In few months
1:07:50 Advanced models of AIs are going to drop, which are going be so powerful that it's gonna devastate jobs. Okay? The AIs are so powerful that it will hack into every system out there It will be absolute mess There'll be a shake-up of economy that will happen because the new AI models are gonna come in Is what Sam Altman is saying Next day Claude dropped Claude Mythos Which we'll talk about little later Yesterday he made some mistake Claude Mythos dropped it, which is an AI model. Which is so bloody powerful that it's able to hack into almost anything So they didn't release the model and gave access only for 40 companies saying use this technology and secure all the services on the main internet After this model came out using this model anybody can hack anything
1:08:49 So, that is what Sam Altman said one day before and the next day Antropic dropped this model. But anyways but the solution is that 13 page document. Okay. That report? Which is quite interesting. So, what he says is if AI does all these things then what should we humans do? The first thing that he basically said is dividends What does that mean? Every human gets dividend. He talks about US citizens, but I'll put it on a global perspective So if most of the work is done by AI then you don't need... We don't need many companies to do this. If there are no more companies and AI is doing everything, we won't even need more employees. Then what will happen with our tax situation?
1:09:38 What is the income situation? How do people get money. So what he says is, you tax those companies, the government taxes those companies uses that money and gives everybody every citizen money to survive which is basically universal basic income In the universal basic income, there was a question of how to get money. That question comes from taxation. Taxing the AI companies. It's reverse taxation now. We pay and we get what we pay for. Correct! So that is how everybody gets money and actually in Alaska
1:10:20 I think they have the petrochemical or some set up there where they already do this. Every Alaskan gets money from the government. So, in Covid everyone got handouts saying that it is not working. Imagine that at 100x That is handouts. That is universal basic income. Elon Musk says that everything will be so automated, there'll be nothing left for a human to do and there'll be so much abundance that there will be insane devaluation of everything as a result money will hold no value. Whatever we want will happen. Whoever wants something happens. That's universal high income. So everybody has access to everything. You become animals also?
1:11:04 We don't know. Have you watched Good Life? No It's a show on Netflix, it is quite interesting. You should watch it What will happen to the human race? What happens next? Look, I don't know what will happen. In the next 5-10 years we have to see that humans will evolve Because as I said in my report, this also says something about robot acts Robot acts means if humans do not work then robots will do it Robots somehow won't get salaries But companies take double the amount. So, like deploying a human, if you deploy humans they pay salary and tax right? In the same way if you deploy robots even after paying their salary they have to pay taxes that is called robot tax. If you get AI or robot to work you pay taxes for that