Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:07):
I am six forty Bill Handle here on a Tuesday morning,
November eighteenth. Big story is this morning Mike Johnson, and
the Speaker has said that the Republicans will vote for
mandating that Justice Department release the Epstein files. The President,
(00:27):
having fought for months not to release it release the files,
is looking at an overwhelming defeat and so he changed
his mind and he is now saying, oh, yeah, yeah,
I want to release the file.
Speaker 3 (00:40):
It's become his idea to release the files. What do
you do with that?
Speaker 2 (00:46):
And Marjorie Taylor Green, who has fought him, is she
still a trader?
Speaker 3 (00:50):
Now?
Speaker 2 (00:53):
I don't know the answer to that. Okay, let's move
on to Tech Tuesday. We're gonna have a good time
with that.
Speaker 3 (00:59):
And it all has to do with you going broke,
bankrupt and wanting to kill yourself. In a minute, Rich tomorrow,
Good morning, Rich.
Speaker 1 (01:06):
When you set it up like that, we are going
to have some fun.
Speaker 2 (01:10):
You bet. I love death, I love diseases. And stock
market is down six hundred points, isn't it. So people
have a lot of stocks, including me, are looking at
this and I'm about to jump off.
Speaker 3 (01:23):
Of the our parking structure and take a swan dive, but.
Speaker 1 (01:27):
Oh my gosh, don't do it. But bitcoin is the
same way bitcoin is. Bitcoin crashed yesterday, so it's just
a sign of the times with the markets right now.
Speaker 2 (01:36):
Okay, so let's talk about bitcoin crashing. I never thought
when bitcoin hit twenty thousand dollars, I said, this is insane.
It doesn't make sense because I remember when bitcoin was pennies.
Actually you could buy several bitcoin for a penny, and
then it went up and up and up. Twenty thousand dollars.
This is crazy, It doesn't make any sense. It hit
(01:57):
one hundred and twenty five thousand dollars and now it's
what ninety five thousand something like that. It dropped thirty percent.
What's going on with this?
Speaker 1 (02:05):
Yeah? So yeah, So yesterday it dipped below ninety thousand
for the first time in like six months. So that's
kind of a new recent low. But it's interesting because
and that's like you said, the recent high was one
twenty five. So people that are in bitcoin, they have
been just you know, all over the place, these wild
swings in the past year. In fact, I think at
(02:26):
this point it's wiped out all of the earnings for
the year, all the gains for the year with the
price it's at right now. So that's you know, people
that have this going into the end of the year
the holidays are not very happy. So what's happening. You know,
people are uncertain the future rate cuts. People are worried
about that. They're not sure that's going to happen. Traders
are just in general more cautious getting rid of some
(02:47):
of their risky bets and bitcoin, you know, a lot
of people could be seen as risky, and so we're
going to follow this to what happens. It is the
first time in a while that we have a lot
of money flowing into bitcoin for like what's called institutional investors.
These are the big companies that you know, people do
their four to one k's and all that stuff, and
they put money into this, and a lot of that
(03:09):
money is vanished. One point two trillion dollars in crypto
value has vanished now since early October. So it's just
all over the place with this stuff, and we'll see
what happens. Some people thought it was going to go
to two hundred thousand by the end of the year.
That is looking unlikely. But what do I know, Bill, Yeah,
and I don't get it either.
Speaker 2 (03:27):
I mean, I've never understood I've never understood cryptocurrency ever.
But you know, go figure, I put a lot of
money on the table if I had left a lot
of money on the table, if I had bought now
something that all of us understand Amazon, because so many
of us buy from Amazon.
Speaker 3 (03:44):
We certainly do.
Speaker 2 (03:44):
At my house, I'm sitting at five packages that just
came in yesterday from Amazon.
Speaker 3 (03:50):
That's my wife, who's kind of crazy for that.
Speaker 2 (03:52):
Amazon is now and you wrote this up is selling
used forwards in La.
Speaker 3 (04:00):
Yeah, that's kind of new.
Speaker 2 (04:01):
And then I assume that the Amazon guy delivers it
and puts it on your ports.
Speaker 3 (04:05):
Right.
Speaker 1 (04:06):
They do not do that just yet, so that would
be ideal. I know, major missed opportunity from Amazon. But
here's the thing. I think Amazon is trying to pease
the dealership network that is already in place. If you
look at the way cars are sold in America, most
of the time you have to go through a dealer
at the end of the day. I think Tesla, and
I mean they might be the only direct auto seller
(04:29):
that I know of but the rest, no matter how
you start it, whether you go online, whatever, you still
got to deal with someone. Now, if you're doing used
it's a little bit different. They've got outfits like Carvana
that will bring the car right to your house after
you purchase it. You can do most of the process online.
But anyway, Ford is the latest to team up with
Amazon Amazon Autos to let you shop for these certified
(04:51):
used Fords. So they're launching it in Los Angeles, Seattle,
and Dallas And basically, you can go onto the Amazon website,
you can browse the listings from nearby dealers, completely almost
all of the paperwork online and then you go to
the dealer and you buy it. So it takes away
that whole haggle part of the situation. Plus you get
a fourteen day warranty on it. And it's just you know,
(05:12):
Hyundai did this with Amazon a couple months ago, and
now they've got Ford. I see a world where why
would you not if you're a car dealer, why would
you not want to be in on this? I mean
you're losing a bit on the haggle because yeah, you're
doing the prices that are upfront, but at the same time,
you're reaching a wider swath of the audience, and the
younger audience is probably more shopping online these days.
Speaker 3 (05:32):
Even from that, you don't yeah.
Speaker 2 (05:34):
You don't see much haggling in the world. I mean
other than free markets. I mean you don't haggle at
you know, when you go to a clothing store, when
you go to the supermarket, and it's I kind of
like the idea, here's the price. I think car Max
does this. Here's your price, thank you very much.
Speaker 1 (05:52):
Right.
Speaker 2 (05:53):
I love that that car vending machine that's off the
I think the five Freeway where the cars are stacked
up and you press on them and then they come, yeah, oh,
I'm sorry, that's carbon a carban, right, yeah. And I
was looking the other day at someone getting one of
those cars and they were putting in thirty two thousand
dollars worth of quarters.
Speaker 3 (06:12):
Now, it took a while.
Speaker 1 (06:13):
You got to go to the Yeah, that's that's too much.
You got to go to the store and they may
not have it. You know, you're like, hey, can you
break twenty? But Bill, I'm curious because you touched upon
something that really really bugs me, because this whole car
haggling situation is a pain for most Americans because think
about it. The dealer is dealing with this every single day.
(06:33):
They're haggling. They know exactly how to close the sale,
what to say, You go in there what once every
three years to seal a deal. How are we equipped
to deal with these dealerships where it's just so slick
and they've got their system down, you know, and every
single person is paying a different price for a car
in twenty twenty five, twenty twenty six. That just seems
absolutely insane to me.
Speaker 2 (06:54):
Yeah, anyway, and of course when you buy a car, oh,
let me bring my manager in here, and you'll give
you the best deal possible. And of course it is
the pressure, and it's professionals that know how to close
and you're waighing over your league.
Speaker 3 (07:07):
You're absolutely right.
Speaker 2 (07:08):
So, by the way, do you see a future where
haggling is gone completely?
Speaker 1 (07:14):
Well, here's the deal. There are some people that really
like that process. So I think that you know, there's
people that go in there thinking, Okay, I'm going to
get a deal, and they go in and they wait
for these sales, and they wait for the rebates, and
they wait for the end of the month. You know,
But at the same time, I think there's a large
swath of the world, these digital natives who are growing
(07:35):
up and every single thing they do is from their phone,
and every time Bill I know about me personally. When
I go on Amazon, I am much more tempered with
my shopping because guess what I'm seeing exactly a running
total of how much I'm spending, Versus when I go
into Target, I just throw things into my car. You know,
all the time, I have no idea how much I'm spending.
By the time I get to check.
Speaker 2 (07:55):
Out AI toy concerns, it was only a question of
time before AI hit.
Speaker 3 (08:00):
So what's happening?
Speaker 1 (08:02):
Yeah, So this group us PERG found that AI power
toys might be the newest tech concern for parents, the
reason they're having inappropriate conversations with kids, including adult topics.
One toy offered advice about finding knives or matches, and
some of these toys actually discourage kids from playing with them,
(08:24):
looking sad as the kids walk away. So the bottom
line is, we already know that AI is all over
the place in terms of hallucinations and what it can
do and what it can't do. But when you put
it in a kid's toy. You just don't know how
these things are going to perform, even with the guardrails
that these companies put in place. So my advice and
(08:45):
I would think that this report sort of echoes that
is that AI toys might not be ready for prime
time just yet. It's probably better to get something that's
a little bit more proven. If your device has an
Internet connection, might not be the best thing for your.
Speaker 2 (08:59):
Young Yeah, but today, how can you other than link
and logs or cabbage well even a cabbage patch noll
or it's equivalent, has to be connected to AI, because
how do you compete with toys that aren't connected or
those that are not connected, how do they compete?
Speaker 1 (09:19):
Yeah, I think that's the issue here is that number one,
kids are already on a toy that is very much
connected and very much can access pretty much anything on
the internet, the iPad or their phone. But I think
the difference here is that because it's marketed as a
toy for children, they are going to be talking to
this toy as if it was a friend. And if
(09:40):
this toy starts going off the rails and asking inappropriate
things or talking about inappropriate things, which, by the way,
AI can do, especially during long sessions. We know that
when you talk to AI for a long time, it
sometimes goes a little crazy. And so I think that
these kids spending a lot of time with these toys,
that's when they have the potential issues involved in AI
(10:02):
and hallucinations and just going off the rails here.
Speaker 2 (10:06):
And I'm assuming the technology and AI cannot concern it
cannot discern if it's a kid that's talking or that's
speaking to the program, the platform, or what age that
kid is. I mean, there's some questions that could be asked,
But does that technology exist.
Speaker 1 (10:27):
I mean I don't, I don't. I mean, I'm sure
you could. You know, you can set guardrails for the
AI bot to you know, talk about topics that are
appropriate for a child. But the problem is, you know,
if these kids say something and the AI misconstrues it,
you know, and it brings up a totally different topic,
then it goes down that line. So we just don't know.
I think there's just not enough right now in place,
(10:47):
Like just regular AI for adults, you know, can be
all over the place, and so I think when it
comes to specifically toys for kids, it's probably not something
that is proven just yet, especially because these all have
AI models that are basically from one of the big
providers that these toy companies have sort of, you know,
rewritten a little bit to match a child's preferences in
(11:10):
child's topics. So I think that it's just as catchy
and fun as they may be to have a stuffed
animal or a bear that might talk to your child
with AI. It's probably not the best time right now
for that kind of stuff.
Speaker 3 (11:23):
All right, Rich, Thanks Michael.
Speaker 2 (11:24):
Catch you next Tuesday and this Saturday eleven to two
right here on KFI KTLA every day and Instagram at
rich on tech website, rich on tech dot TV with
some great information.
Speaker 3 (11:37):
Rich, you have a good one. Take care of my friend.
Speaker 2 (11:39):
Thanks Bill, okay, really quickly, and we're gonna spend a
couple segments on this. Neil, you have an event this Saturday.
Speaker 4 (11:47):
Yeah, pastathon seasons here. I'll broadcast live this Saturday at
Wendy's in mission via HO. That's two three zero two
to two a leash parkway mission via HO. Come out
say hello, you'll be out there.
Speaker 3 (12:03):
I will be out there mainly mainly for a free burger.
Speaker 4 (12:07):
Yes, yes, indeed, and but I will I will be
joining you final in your Blinda on Friday.
Speaker 2 (12:13):
Okay, lots of good stuff happening as we are now
entering Pastathon season. Now, robots and cars, they're basically the same.
Speaker 3 (12:27):
And i'll explain.
Speaker 2 (12:28):
Elon Musk is on his way to becoming the first trillionaire.
The shareholders just are approving or did approve a huge
pay package for him. But the payout happens only if
certain targets are met. The most important one is the
successful deployment of one million Optimus robots, named after the
(12:53):
Transformers character, of course because it's Elon Musk. It's a
humanoid machine that's supposed to be able to complete boring
and dangerous work in place of humans like here.
Speaker 3 (13:04):
On the show.
Speaker 2 (13:06):
The robot was unveiled in twenty twenty one, and there
was actually a person inside the robot. He was just
wearing a robot costume, but so be it. And now
it's actually out there and it's a Tesla held in
AI day detailing future plans. And here's what must said,
(13:28):
and it's very interesting and I think it is prescient.
He declared that Tesla needs to be much more than
an electric car company. And it would combine advancements in chips,
autonomous driving, and batteries into a robot.
Speaker 3 (13:43):
That's exactly what electric cars are about.
Speaker 2 (13:47):
It's the same technology, it's the same world. Optimists would
be able to do factory work. But that's just starting
and over time, must said. Optimists could unleach, unleash unprecedented
economic and societal change, tireless, unpaid labor very close to
(14:07):
us here.
Speaker 3 (14:08):
And can be trained to do anything.
Speaker 2 (14:11):
For example, this is a ridiculous analogy here or an
example for example, it will help you and it can
grow your own vegetables instead of you buying them from
the store.
Speaker 3 (14:23):
Hey, what if you live.
Speaker 2 (14:24):
In a thirty story condo? Where do you grow vegetables?
I don't quite understand that, he said. How about eliminating
the need for prisons by following criminal offenders around to
prevent them from doing crime? Again, another genius move, And
he said, and this is closer to what might happen.
(14:45):
Robots could power an eventual Mars colony. Now, this kind
of hyperbole is expected from guy like Musk, but we
really are on the way to having a really sophisticated robots.
Now you have those robots that serve drinks. You ever
seen bars that do that. There are a lot of
(15:08):
money and you have a choice of five drinks. And
that's not very sophisticated, but it's getting there. A lot
of automakers are pivoting to robotics. Rivian electric vehicle startup
just had a spin off called Mind Robotics. Hyundai bought
a robotics giant, Boston Dynamics, a few years ago and
(15:32):
has robot dogs spot checking cars at a US plant. Xping,
a growing EV company, recently debuted humanoid robots and as
I said, and this is what a lot of people
don't think about, and I didn't either until I looked
at this research, huge amount of overlap between cars and robots.
(15:58):
Robots need battery just like the ones inside evs, and
that's exactly the same technology. The auto industry has invested
billions in advanced sensors. Robots need sensors, chips ai same technology.
If you add arms and legs to a car, basically
(16:21):
that technology, what do you have?
Speaker 3 (16:23):
You have A robot.
Speaker 2 (16:26):
Robot is the car, A car is a robot, And
the bottom line is Musk and the others clearly understand.
I think they're absolutely right on point is that, well,
we're going to have a robot army.
Speaker 3 (16:43):
That's what Tesla promises. Now.
Speaker 2 (16:45):
Must just got a trillion dollar deal, a pay package
from shareholders, but that includes a successful deployment of a
million optimist robots.
Speaker 3 (16:56):
Is that going to happen? Who the hell knows.
Speaker 2 (16:59):
But the bottom line is car companies and he's not alone.
Speaker 3 (17:03):
It's not just Tesla.
Speaker 2 (17:04):
Are really robotic companies now manufacturing of cars?
Speaker 3 (17:09):
We know it's robots that do it.
Speaker 2 (17:12):
And we're talking about these articulated robots that are stationary
that hold on, I'm gonna sneeze.
Speaker 3 (17:21):
Got it?
Speaker 2 (17:22):
Okay, These articulated robots that are stationary and they weld,
they paint, you've seen that, and assemble cars. And then
you have the robotic The Amazon has these cars that
bring packages to certain places and you see these all
over the place.
Speaker 3 (17:42):
These are robots.
Speaker 2 (17:44):
What we're talking about here is humanoid robots that walk
around and sing and dance. And we've seen a few
of these. Do you remember Asimo That was Honda that
was twenty five years ago, where it danced and it's
and it moved around. The problem with humanoid robots and
(18:05):
Tusla brought this up is and excuse me, Musk brought
this up is really the last bastion are hands.
Speaker 3 (18:14):
He calls it the hand problem.
Speaker 2 (18:17):
That until they figure out how they can robotize or
robotize or robot whatever that furb is, how they can
robotize hands, it's not really going to go where it
should go.
Speaker 3 (18:32):
The human hand.
Speaker 2 (18:33):
The dexterity of the human hand is almost impossible to recreate.
For example, Chipotle, right, remember they had the robot and still.
Speaker 3 (18:43):
Do for the bowls.
Speaker 2 (18:47):
Well, the reason they can make bowls they can't and
they can't make burritos is because these robotic hands just
don't work. So we're still away from doing that. But
in terms of manufacturing, man, let me tell you.
Speaker 3 (19:03):
It's Hyundai, It's.
Speaker 2 (19:06):
It's Xpain, Chinese, it's BMW, it's Mercedes, all developed being
robots with human like reasoning. And then you put AI
there and what do you have? Well, this is what
said a robot is you put hands, You take hands
off a robot and you put them on wheels.
Speaker 3 (19:27):
What do you have? You have a car and the
same thing goes the other way.
Speaker 2 (19:30):
Because of the technology, it's gonna be a lot of
fun to see that absolutely okay, we're done, guys. As
I said, I'm taking phone calls for a handle on
the law marginal legal advice. I'm gonna do it off
the air. No commercials, no brakes, no weather, no patience
on my part. So we go through them pretty quickly.
The number eight seven seven five two zero eleven fifty.
(19:53):
I'm gonna be starting in just a moment or two
eight seven seven five two zero eleven fifty. Quick reminder
that this Saturday at the Wendy's and Mission via Ho,
Neil will be broadcasting the Fork Report. I will be
joining him, so you can watch me eat, which is
always a joy.
Speaker 3 (20:12):
Neil and I eating.
Speaker 2 (20:14):
By the way, we're looking at each other when we
eat and we have context contests.
Speaker 3 (20:18):
I cannot tell.
Speaker 2 (20:19):
You how much food is sprayed out of our mouths
at each other.
Speaker 3 (20:24):
It is work mouth. It is hugely entertaining.
Speaker 2 (20:28):
Let's go to the judges on that as we eat.
All right, we basically are done. Eight seven seven five
to zero eleven fifty is remember to call. You can
call right now and I will be answering legal marginal
questions tomorrow morning.
Speaker 3 (20:44):
It's all over again.
Speaker 2 (20:45):
It's amy and will wake up call from five to six,
Neil and I jump aboard from six to just about
now nine o'clock. Gary and Shannon up next, and of
course Cono and make all of this happen, which is
why this show is so bad.
Speaker 3 (21:03):
So thank you, Kono and Ann. Okay, we're doing thank you.
Speaker 2 (21:09):
Yeah, Okay, this is kf I am six forty.
Speaker 3 (21:14):
You've been listening to the Bill Handle Show.
Speaker 2 (21:16):
Catch my show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app