Steve's Update How Advisors Can Use ChatGPT (8/31/2023)
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I’m going to give advisors some tips on how they can use ChatGPT to enhance their practice and make more money. I wanted to share exactly how ChatGPT responded to my questions, but in doing that, you will see that this article is really long.
When you see a line like this, that means I am showing verbatim my dialog with ChatGPT. Please feel free to skim this part. It makes the article much more digestible.
We’re going to cover four areas ChatGPT can help you.
Following up on seminar leads
Reinvigorating old prospect leads
Getting tips on improving your presenting skills
Writing my team bio (ChatGPT really does this well!)
As bonus content at the end, I share my thoughts on AI and if we should be fearful of it
How to make a free ChatGPT account:
Go to https://openai.com/
Click Create Account
Click ChatGPT
Click “New Chat” in the top left
Ask it something!
Important tip, ChatGPT is learning during the chat. As you go along, it thinks that what you’re asking it now, might relate to what you asked it earlier. If you’re asking it to write you an awesome fictional story about how the Baltimore Orioles win both the world series and the Super Bowl, and then you ask it to write you a client email, it might think you would prefer the Orioles also star as heroes in that email. To fix this, it’s good to strategically start new chats for different topics. When in doubt, start a new chat.
What can advisors use ChatGPT for:
Presume you just held a seminar and now it’s time to follow-up. You want to do a few things:
send everyone an email hoping that they book a meeting with you
call the list of attendees.
Let’s see how ChatGPT can help:
Seminar Leads Follow Up:
My Entry:
I am a full-time financial advisor. I just held a 2-day seminar that taught a room full of 50-70 year olds about retirement income planning. I am hoping that some of the attendants in the class become clients of mine. Write me an email script I can send the attendees to encourage them to book a meeting with me to review their finances. The meeting should be pitched as a free consultation.
ChatGPT:
Subject: Maximizing Your Retirement Income: Let's Discuss Your Financial Future
Dear [Attendee's Name],
I trust this email finds you well and that you've had a chance to reflect on the valuable insights shared during our recent retirement income planning seminar. It was a pleasure having you as an engaged participant, and I hope you found the information both enlightening and thought-provoking.
As you know, retirement planning is a complex journey, and it's crucial to ensure that your financial strategy aligns with your unique goals and aspirations. Whether you're on the verge of retirement or have already embarked on this new chapter of life, a solid financial roadmap can make a world of difference in securing your financial independence and peace of mind.
I wanted to extend an exclusive opportunity to you as an attendee of our seminar. I am offering a complimentary, personalized consultation to review your current financial situation and discuss how we can optimize your retirement income strategy. During this meeting, we can delve deeper into your financial goals, explore potential areas of improvement, and create a tailored plan that aligns with your vision for the future.
Here's what you can expect from our consultation:
1. **Comprehensive Financial Analysis:** We will analyze your current financial landscape, including your retirement accounts, investments, savings, and any other relevant assets.
2. **Goal Assessment:** Understanding your retirement aspirations, dreams, and concerns will allow us to craft a plan that suits your unique needs.
3. **Customized Strategy:** Based on our discussion, I will develop a personalized retirement income strategy that seeks to maximize your financial potential while managing risks.
4. **Q&A Session:** This is your opportunity to ask questions, clarify doubts, and gain a deeper understanding of the steps we can take together.
5. **No-Obligation Guidance:** There's absolutely no obligation to engage my services beyond this consultation. This session is designed to provide you with valuable insights and empower you to make informed decisions.
To take advantage of this limited-time offer, simply reply to this email or give me a call at [Your Phone Number]. I will be delighted to schedule a convenient time for us to meet. Remember, this consultation is absolutely free and aimed at helping you gain clarity and confidence in your retirement planning.
Seize the opportunity to secure your financial future with a well-crafted retirement income plan. I look forward to the possibility of working together to ensure your retirement years are as fulfilling and worry-free as possible.
Thank you once again for your participation in our seminar. I am excited about the prospect of assisting you in achieving your retirement goals.
Warm regards,
[Your Name]
[Your Title]
[Your Contact Information]
Me:
That’s great but a little long, can you shorten it?
ChatGPT:
Subject: Complimentary Consultation: Elevate Your Retirement Income Plan
Hi [Attendee's Name],
I hope you're doing well since our recent retirement income planning seminar. Your active engagement showed your commitment to securing a comfortable retirement, and I'd like to offer further assistance.
Let's take the insights from the seminar and apply them directly to your situation. I'm providing an exclusive opportunity for a complimentary consultation where we can:
- Review your current financial status.
- Tailor a retirement income strategy to your goals.
- Address your questions and concerns.
This session involves no obligations; it's all about empowering you with personalized financial guidance.
Ready to move forward? Simply reply to this email or call me at [Your Phone Number] to schedule our meeting.
Secure your financial future today – I'm here to help.
Best regards,
[Your Name]
[Your Title]
[Your Contact Information]
That second one looks solid, but I wouldn’t call it perfect. I would make minor changes, but it got me 80% there and did it in 15 seconds. I won’t show the screen shots, but I could say can you write me 15 versions of this email, and maybe I pick and choose lines that I like the best. You can also get more specific like telling ChatGPT that all of the people work for the federal government or have a background in tech. It will incorporate that info for you.
Now we need a phone script for the people that I call.
Me:
can you write me a phone script to help follow up with the attendees that answer the phone when I call? The goal is the same
ChatGPT:
Absolutely, here's a phone script for your follow-up calls with the attendees:
---
**Introduction:**
Hi, [Attendee's Name]? This is [Your Name] from [Your Company]. How are you doing today? I wanted to personally reach out and say thank you for attending our recent retirement income planning seminar. It was great having you there.
**Acknowledging Their Interest:**
I hope you found the seminar as insightful as we intended. You know, I've been thinking about our discussions, and I truly believe we can make a real difference in securing your financial future.
**Offering Value:**
I'd like to extend an exclusive opportunity to you. How about we set up a complimentary consultation to discuss your current financial situation and explore how we can optimize your retirement income strategy? This personalized session is designed to give you actionable insights tailored to your unique goals and concerns.
**Addressing Concerns:**
I understand you might have some questions or hesitations. Please know that this consultation is absolutely free, and there's no obligation to proceed beyond this discussion. It's all about providing you with the guidance you need to make informed decisions.
**Scheduling:**
What day and time work best for you next week? We can meet in person or virtually – whatever is more convenient for you.
**Reiteration:**
Remember, this consultation is an opportunity to gain clarity and confidence in your retirement planning. I'm here to help you navigate this journey and ensure you're making the most of your resources.
**Confirming Contact Details:**
Could you please confirm the best phone number and email to reach you? This will help me ensure you receive all the necessary details for our consultation.
**Closing:**
I'm looking forward to our conversation and helping you create a retirement strategy that aligns with your goals. Thank you again for attending the seminar, and I can't wait to continue our discussion.
**Wrapping Up:**
Have a wonderful day, and I'll be in touch soon. Take care!
---
Remember, adapting the script to your personal style and ensuring it feels natural will help build rapport and engagement with the attendees. Good luck with your follow-up calls!
Me:
what about a short voicemail script for when people don't answer?
ChatGPT:
Absolutely, leaving a concise and engaging voicemail can be a great way to capture their interest. Here's a short voicemail script for your follow-up calls:
---
**Voicemail Script:**
Hi [Attendee's Name], this is [Your Name] from [Your Company]. I hope you're well. I wanted to personally thank you for attending our recent retirement income planning seminar. Your engagement was truly appreciated.
I'm reaching out because I believe we can continue the conversation in a way that's directly beneficial to you. I'm offering a complimentary consultation to discuss your retirement income strategy and address any questions you might have.
This is a no-obligation opportunity, designed to provide you with tailored guidance for your financial future. If you're interested, please give me a call at [Your Phone Number]. I'd love to connect and set up a time that works for you.
Thank you for your time, and I look forward to the possibility of assisting you in securing your retirement goals. Have a great day!
---
Remember to speak clearly and with enthusiasm, and leave your contact information at a slower pace so they can easily note it down. Good luck with your voicemail outreach!
Not bad right? Again, I would edit it and maybe ask ChatGPT to make it even shorter. But it gets you 80% there.
What about you advisors who have been around awhile and have 1,000 old prospect emails that aren’t currently clients or maybe you have some small account with them, but you know they have more going on. Check this out:
(I started a new chat)
Reinvigorating Old Prospects:
Me:
what are the 4 areas of personal finance pre-retirees are most interested in?
ChatGPT:
Pre-retirees are generally most interested in the following four areas of personal finance:
1. **Retirement Planning:** As retirement approaches, individuals want to ensure that they have saved enough money to maintain their desired lifestyle after they stop working. This includes estimating their retirement expenses, evaluating their retirement savings and investment accounts, and strategizing on how to generate a steady income during retirement.
2. **Investment Strategies:** Pre-retirees often focus on optimizing their investment portfolios to balance risk and potential returns. They may seek advice on asset allocation, diversification, and investment options that align with their risk tolerance and retirement goals. Many are concerned with preserving and growing their wealth while minimizing exposure to market volatility.
3. **Estate Planning:** As individuals near retirement, they become more concerned about passing on their wealth to their loved ones or beneficiaries. Estate planning involves creating a comprehensive plan for the distribution of assets, drafting wills and trusts, and considering strategies to minimize estate taxes. It also includes designating beneficiaries for retirement accounts and life insurance policies.
4. **Healthcare and Insurance:** Healthcare costs can rise significantly in retirement, so pre-retirees often focus on understanding their health insurance options, including Medicare, and estimating potential medical expenses. They may also explore long-term care insurance to address the possibility of needing extended medical care or assistance in the future.
While these four areas are key concerns for pre-retirees, it's important to note that each person's financial situation is unique. Therefore, seeking professional advice from financial advisors, retirement planners, and estate attorneys can be invaluable in making well-informed decisions that align with individual goals and circumstances.
Me:
I have a list of 200 prospects, I would like 50 of them to get an email about a retirement planning seminar, 50 of them to get one on investment strategies, 50 to get one on estate planning, and 50 to get one on healthcare and insurance. All retirement themed. The goal is to get these prospects to sign up for my seminar. Can you write me an email for each group?
ChatGPT:
Of course! I can help you draft sample emails for each group of prospects. Keep in mind that these are templates, so you'll need to personalize them with your own details and contact information. Also, consider making each email feel personalized and relevant to the recipient's needs. Here's a sample for each group:
**Retirement Planning Seminar:**
Subject: Secure Your Future: Join Our Retirement Planning Seminar
Dear [Prospect's Name],
Are you ready to take charge of your retirement and secure a comfortable future? We're excited to invite you to our exclusive Retirement Planning Seminar, where you'll gain insights into building a solid financial foundation for your retirement years.
Date: [Date]
Time: [Time]
Location: [Location]
During this seminar, our expert speakers will guide you through the essential steps to ensure your retirement dreams become a reality. Learn about effective savings strategies, investment options, and creating a reliable income stream post-retirement.
Spaces are limited, so don't miss this opportunity to empower yourself with the knowledge you need to make informed decisions about your retirement. Reserve your spot by clicking the link below:
[Registration Link]
Secure your financial future now. We look forward to seeing you at the seminar!
Best regards,
[Your Name]
[Your Title]
[Your Contact Information]
**Investment Strategies Seminar:**
Subject: Maximize Your Retirement Funds: Join Our Investment Strategies Seminar
Dear [Prospect's Name],
Are you looking to optimize your retirement funds through strategic investments? We're pleased to extend an invitation to our Investment Strategies Seminar, designed to equip you with the tools to make smart investment decisions that align with your retirement goals.
Date: [Date]
Time: [Time]
Location: [Location]
Our experienced speakers will share insights into crafting a diversified investment portfolio, managing risk, and exploring growth opportunities that can enhance your financial well-being during retirement.
Limited seats are available, so secure your spot by clicking the link below and taking the first step toward securing your financial future:
[Registration Link]
Don't miss out on this chance to learn from experts in the field. We're excited to welcome you to the seminar!
Best regards,
[Your Name]
[Your Title]
[Your Contact Information]
**Estate Planning Seminar:**
Subject: Secure Your Legacy: Join Our Estate Planning Seminar
Dear [Prospect's Name],
Ensuring your hard-earned assets are protected and passed down to your loved ones as you wish is a crucial aspect of retirement planning. We're thrilled to invite you to our Estate Planning Seminar, where you'll gain valuable insights into creating a comprehensive estate plan.
Date: [Date]
Time: [Time]
Location: [Location]
Our knowledgeable speakers will guide you through the intricacies of estate planning, including wills, trusts, and strategies to minimize taxes. By attending, you'll be better equipped to secure your legacy and provide for your family's future.
Seats are limited, so secure your place today by clicking the link below:
[Registration Link]
Don't miss this opportunity to take control of your estate planning. We're looking forward to sharing this insightful seminar with you!
Best regards,
[Your Name]
[Your Title]
[Your Contact Information]
**Healthcare and Insurance Seminar:**
Subject: Your Health Matters: Join Our Healthcare and Insurance Seminar
Dear [Prospect's Name],
Preparing for retirement involves more than just financial planning—it also includes safeguarding your health and well-being. We're excited to invite you to our Healthcare and Insurance Seminar, where you'll learn about the importance of healthcare planning in your retirement journey.
Date: [Date]
Time: [Time]
Location: [Location]
Our expert speakers will provide valuable insights into navigating Medicare options, understanding healthcare costs, and exploring insurance strategies that can give you peace of mind during your retirement years.
Secure your spot now by clicking the link below and take the first step toward a healthier and more secure retirement:
[Registration Link]
Invest in your health and future. We can't wait to welcome you to this informative seminar!
Best regards,
[Your Name]
[Your Title]
[Your Contact Information]
Remember to customize each email with the relevant details, and consider using a personalized approach to engage your prospects effectively. Good luck with your seminars!
Now what can I do? Well, if I have 1,000 emails, I can make four groups of 50 people, call them group A, B, C and D. I send each group 1 of these emails featuring a seminar on a different topic. Group A gets the email about retirement planning, group B gets the email about investment strategies etc.
Whichever group gets the highest response rate, I can then send that email to the other 800 emails. This would be called A/B/C/D testing. To the three groups that had the lowest response rate, simply apologize to them and invite them to the new seminar and tell them you are happy to talk to them individually about that topic. You might be uncomfortable knowing that you send 150 people an email for a seminar you don’t intend to offer, but guess what, you can still do that seminar later, and these are 150 people that right now are just getting your generic newsletter emails. You’re still doing them a favor by offering to talk to them about the topic and as a bonus you got the dialog started.
Getting coaching:
One of the fun things about AI is it can mimic famous people. Let’s say you believe Guy Kawasaki to be a great presentation coach (he helped coach Steve Jobs), or maybe you want to sound like Sheryl Sandberg or Tony Robbins. Let’s check it out:
Me:
I am a financial advisor presenting to a group of 50-70 year olds. I really want to do a good job and I think Tony Robbins always does a great job presenting. The topic is on retirement planning and it is an educational course, but really I am hoping many people in the class end up becoming my clients. What tips might Tony Robbins give me if he was my coach?
ChatGPT:
If Tony Robbins were your coach for presenting a retirement planning course to a group of 50-70 year olds, he would likely offer you a blend of motivational and practical advice to engage your audience, educate them effectively, and build a strong connection that could potentially convert attendees into clients. Here are some tips he might suggest:
1. **Start with Purpose and Emotion:** Tony Robbins is known for his ability to tap into people's emotions. Begin by emphasizing the importance of retirement planning, not just in financial terms but also in terms of fulfilling their dreams and passions in their golden years. Share stories and anecdotes that evoke empathy and resonate with their aspirations.
2. **Engage with Energy:** Tony Robbins is famous for his high-energy presentations. Use a confident and enthusiastic tone to keep the audience engaged. Move around the stage, use gestures, and maintain eye contact to establish a personal connection with everyone in the room.
3. **Master the Content:** Deeply understand the material you're presenting. Know your facts, figures, and retirement planning strategies inside out. Tony Robbins emphasizes the importance of being the expert in the room, which builds trust and credibility.
4. **Simplify Complex Concepts:** Retirement planning can be overwhelming, especially for those not well-versed in financial jargon. Break down complex ideas into easy-to-understand concepts. Use relatable metaphors, analogies, and real-life examples to illustrate your points.
5. **Interactive Exercises:** Incorporate interactive elements into your presentation. This could include short exercises, quizzes, or group discussions that encourage active participation. Interactive activities help attendees internalize the information better.
6. **Empowerment through Education:** Like Tony Robbins, empower your audience by giving them actionable takeaways. Provide practical steps they can start implementing immediately to improve their retirement outlook. This could involve budgeting tips, investment strategies, or ways to reduce debt.
7. **Address Concerns and Objections:** Anticipate common concerns and objections your audience might have about retirement planning. Address these head-on, showing that you understand their worries and providing solutions. Tony Robbins often emphasizes the importance of overcoming objections and building trust.
8. **Tell Compelling Stories:** Tony Robbins is a master storyteller. Share success stories of individuals who have successfully navigated retirement planning challenges using your advice. These stories can serve as inspiration and proof of your expertise.
9. **Create a Call to Action:** Towards the end of your presentation, transition smoothly into discussing your services. Emphasize how working with you as a financial advisor can provide personalized guidance and help them achieve their retirement goals. Make the benefits clear and tangible.
10. **Offer Value Beyond the Presentation:** Consider providing additional resources such as downloadable guides, webinars, or one-on-one consultations for attendees. This demonstrates your commitment to their success and reinforces your expertise.
11. **Build Rapport:** Like Tony Robbins, focus on building rapport with your audience. Use humor, relatable anecdotes, and open body language to create a sense of connection. People are more likely to work with someone they feel comfortable with.
12. **Follow Up:** After the presentation, follow up with attendees to express gratitude for their time and reiterate your willingness to help. This is a crucial step in converting interested attendees into clients.
Remember, while Tony Robbins' approach can provide valuable guidance, it's essential to infuse your own authenticity and adapt the advice to your personal style. Good luck with your presentation!
Me:
what might Guy Kawasaki emphasize? Can you give me 5 short bullet points?
ChatGPT:
Certainly! Guy Kawasaki, a renowned entrepreneur and speaker, often focuses on practical and strategic advice. If he were offering tips for your retirement planning presentation, he might emphasize the following:
1. **Stick to the 10-20-30 Rule:** Guy Kawasaki's 10-20-30 rule for presentations suggests using a maximum of 10 slides, delivering your content within 20 minutes, and using a font size of at least 30 points. This approach keeps the presentation concise and prevents overwhelming your audience.
2. **Achieve a Clear Value Proposition:** Clearly communicate the unique value of your retirement planning services. Guy Kawasaki stresses the importance of having a concise and compelling value proposition that resonates with your audience's needs and desires.
3. **Use Data to Back Your Points:** Incorporate relevant statistics and data to support your arguments. Guy Kawasaki encourages the use of facts and figures to add credibility to your presentation. This is particularly important in a retirement planning context where data-driven decisions are crucial.
4. **Tell a Compelling Story:** Weave a narrative around the challenges and opportunities of retirement planning. Guy Kawasaki believes that storytelling can captivate the audience's attention and help them relate to the information on a personal level.
5. **Focus on the 3 Pillars of Enchantment:** Guy Kawasaki's concept of "enchantment" involves likability, trustworthiness, and a great cause. Apply these principles to your presentation by building rapport, establishing credibility, and showing how your retirement planning services contribute to a larger mission of financial security and well-being.
These points align with Guy Kawasaki's pragmatic and actionable approach to presentations, aiming to engage the audience while delivering valuable insights.
Writing a team bio:
Do you ever know how to start these? It’s always hard. To me ChatGPT really does a great job on this one.
Let’s ask ChatGPT:
Me:
My name is Ed Reed and I am 40, my business partner is 30 and named Taylor Swift, we are both CFP financial advisors and are business partners. We have 1 assistant named Ari Gold. We work with families on retirement planning, in the New York City area. We are looking to write a compelling team bio to put on our financial advisor website. Can you help with a first draft? What is included in a good team bio?
ChatGPT:
Of course, I'd be happy to help you draft a compelling team bio for your financial advisor website. A well-crafted team bio should give your potential clients a clear understanding of your expertise, experience, and approach to financial planning. Here's a first draft for your team bio:
---
**Meet Our Expert Financial Team**
**Ed Reed - Founder & Senior Financial Advisor (Age: 40)**
With over two decades of experience in the financial industry, Ed Reed is a seasoned financial advisor who is dedicated to helping families achieve their retirement dreams. Ed's deep understanding of market trends, investment strategies, and wealth management has earned him a reputation as a trusted and insightful advisor. His commitment to personalized financial planning has helped numerous clients navigate the complex landscape of retirement planning with confidence.
**Taylor Swift - Co-Founder & Financial Advisor (Age: 30)**
As a dynamic and forward-thinking financial advisor, Taylor Swift brings a fresh perspective to retirement planning. With a keen eye for emerging financial trends, Taylor is passionate about crafting innovative strategies tailored to each family's unique goals. Her ability to blend a strong foundation in financial principles with a creative approach sets her apart in the industry, making her a valuable partner in securing your financial future.
**Ari Gold - Administrative Assistant**
Behind every successful team is an efficient support system, and Ari Gold plays a crucial role in ensuring the seamless operations of our office. With exceptional organizational skills and a dedication to client satisfaction, Ari is the friendly voice on the other end of the line, ready to assist you with any inquiries you may have.
**Our Approach**
At Reed & Swift Financial Advisors, we believe that retirement planning is more than just numbers – it's about crafting a meaningful and secure future. Our team is committed to building strong, lasting relationships with our clients, understanding their aspirations, and providing them with tailored strategies to achieve their retirement goals. With a client-centered approach and a wealth of industry knowledge, we guide you through the complexities of financial planning, helping you make informed decisions every step of the way.
**Why Choose Us?**
Choosing the right financial advisors for your retirement journey is a significant decision. With Ed Reed's extensive experience, Taylor Swift's innovative insights, and the reliable support of Ari Gold, our team is uniquely positioned to deliver comprehensive financial guidance that empowers you to pursue your dreams with confidence. We invite you to reach out to us today to embark on a path towards a fulfilling and secure retirement.
---
Feel free to modify and personalize this draft according to your preferences and specific details. Ensure that your team bio reflects your expertise, values, and the level of service you provide to your clients.
Me:
what is a classic two line Dave Chappelle joke that we can start with?
ChatGPT:
"Working in finance is like playing chess – except the board is on a roller coaster and the pieces are made of money. Let's navigate those twists and turns together."
The bio is great right? The joke…I can see where it’s going and I actually kind of like it. But it didn’t make me laugh.
You can ask ChatGPT to send you an outline for an invitation for a client event. You can ask it to give you seminar ideas. There are a whole number of things you can use it for. Feel free to explore and hoefully some of my examples prove useful to you.
See you next week.
My goal is for this to be the ultimate weekly newsletter for Financial Advisors. If you have any ideas for improvement, send me a note!
Bonus Content. My thoughts on the future of AI
Is AI and ChatGPT scary?
I heard this example from Marc Andreeson and you might enjoy it:
Imagine a computer that can reach out into a defined environment and determine what is going on. When the environment isn’t the way it wants it to be, the computer uses huge sums of energy to change the environment to meet its needs. When the environment meets the computers criteria it sits idle and measures for any changes.
Does this type of computer scare you? I have just described your thermostat.
Is AI scary? Yes, it is.
Economically I think back to the idea that pre-industrial revolution, 80% of the country was farmers. If you told any business leader, economist, or technologist of the day that in only a few short years 2% of the population, using new technology, would be able to grow not only enough food for everyone but a surplus of food, they would be horrified wondering what everyone else would be doing. Surely, we can’t all be in the army or policemen or writers, and most of us aren’t smart enough to be mathematicians or physicist. They couldn’t dream of all the jobs we have today. And today, 2% of the population grows all of our abundant food supplies, and 98% of us do something else.
However, the industrial revolution is a story of machines largely, although not completely, replacing human and animal muscle. The AI revolution could be a story of replacing our intellect and robots could further replace our muscle power. What would we have left? It could be an economic catastrophe, but I predict it won’t be. I think if even some number of human attributes remain unique to humans, society will value those and find a way to build around them.
The strongest argument I’ve heard that causes me to fear AI is that you could argue the transition from the industrial revolution to today included WWI and WWII. Why argue those wars are a part of the industrial transition? All sorts of leaders rose to power with different stories/ideologies to tell the 80% of people no longer simply farming what type of world they should believe in. Is the working class the most important person in the world (communism)? Is the state/a specific race above all else (fascism)? Or are individual freedoms what is truly worth dying for (capitalism)? Those ideas propelled the world wars and the cold war. Many men died defending each of those three ideas. We can’t survive a world war with nuclear bombs in the equation. If AI brings about a new wave where all the jobs of today disappear, I believe humans will find a way to value whatever uniquely human traits end up being left. So economically I am cautiously optimistic. But if that transition brings about new ideologies, we should allow those ideologies to compete, but we must ensure that competition does not grow into hot combat. It has in the past.
On an optimistic note, we haven’t had any major conflicts since WWII for two reasons. We all know that no nuclear force can win a fight with another nuclear force without totally unacceptable casualties. AND, and this part is often overlooked, combat isn’t profitable anymore, what’s profitable is avoiding combat. China’s economy has boomed in part because it has avoided major conflicts. The British empire was built on profitably winning wars. You can capture and island and make them farm sugar for you and sell that at a profit. American went into the middle east and even if we did capture an oil field or something, would we have made the $5 trillion we spent back in oil? Not even close. In the past the winners won the war. Now everyone loses wars, if that stays the same, that could help reduce the chances of any AI transition bringing about major conflict. But that is a big if.
So is AI scary, yes, it is. But it is coming, and we should all spend time learning how it works and get comfortable seeing what the major AIs are good at, and what they are bad at. The topic deserves attention. As an advisor you will notice it can do 80% of every job, but not 100%. It can help you in many ways, but it can’t replace you. But it’s going to keep getting better. Make sure you know how to use it as a tool because after all, using tools is one of the things humans do very well.