In this week's Stansberry Investor Hour, Dan and Corey welcome John Sviokla back to the show. John is an author, executive fellow at Harvard Business School, and co-founder of GAI Insights – an industry analyst firm that provides leaders with the strategies for successful AI integration.

John kicks things off by recapping his analysis on AI in the markets since he last spoke with Dan and Corey and sharing the changes that have occurred. He then discusses his focus on DEF 14As to gain insight into what's incentivizing management. He mentions that more CEOs have adopted AI usage – however, there are two main groups: the leaders who are advancing rapidly and the laggards who are making slow progress. And he shares the many variables that impact folks' finances today...

There's no question that the majority of labor is getting less of the economic value out of our society. Forget the wealth effect. That, too. The other thing I think people totally misread, one of the core things, which is that it's not wealth differential, it's risk differential. So, the average worker today has longevity risk. They don't have enough money. They have health care risk... There's education risk. So those risks – longevity risk, health risk, education, ancient risk – those are the things that people wake up [about] at night.

Next, John expresses his desire for the funding of a public library for AI so users have a database to train their models. He also states that the U.S. has lost ground and intellectual property to China in the AI field and other areas due to companies wanting market access. And he says that using AI is something that needs to be experienced to see how useful it can be, especially with automation...

If you [don't] have an experience talking with this silicon hive mind that has read literally everything that's been written, you don't know what that's like... I think the ripple effect of that productivity at the individual level is going to be fantastic. But then it's like special forces. We used to compete with regular army. And special forces, we cross-train, we upscale, we take traditional technology, and we modify it to make it better. And just like with special forces, regular army might have taken 100 people to do something special forces might be able to do with six.

Finally, John provides advice for parents who want to know what career opportunities are available for their kids. There are four areas that he thinks are most crucial in today's tech-driven world. John discusses robots in the tech industry and gives his praise for Waymo. He then reflects on the sectors that he's most interested in. And he believes that folks are wrong about AI being in a bubble – rather, he thinks that there's overinvestment in that area...

OK, first of all, let's separate two things. Is there overinvestment and overpricing in certain things? Of course, it's a market. On the other side, is there an air bubble on adoption? Absolutely not. Adoption is accelerating. So pricing is different than adoption. Then the second thing is, will everybody make money? Of course not. That's why it's called investing.

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(Additional past episodes are located here.)

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This Week's Guest

John Sviokla is the co-founder and chair of GAI Insights. He was a partner at PwC, vice chairman of Diamond Technology Partners, and a Harvard Business School professor, where he pioneered AI research and courses. He is the co-author of The Self-Made Billionaire Effect: How Extreme Producers Create Massive Value.

John earned his doctorate, master's, and bachelor's degrees from Harvard University. He was named an executive fellow at Harvard Business School to develop cases for the Master of Business Administration and executive education programs and is a Forbes contributor.