August 11, 2025 • 34 mins
Today on the Jon Sanchez Show at 3pm, I'll be joined by Dr. Dennis Sanchez for our weekly AI
discussion. Today, we will be talking about the big announcement last week in the world of
AI...the new version of ChatGPT-5. We'll let you know what it can do for you, your business
and your life.
discussion. Today, we will be talking about the big announcement last week in the world of
AI...the new version of ChatGPT-5. We'll let you know what it can do for you, your business
and your life.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:10):
Good Monday afternoon to you.
Speaker 2 (00:11):
Welcome to the John Sanchez Show, one News Talk seven
eighty k, which has a pleasure to be with you
and a pleasure to be the two favorite guys my
entire life.
Speaker 1 (00:18):
We'll start around the horn, mister Jason Gott How are
you doing, big Jake?
Speaker 3 (00:21):
Hey, how are you doing this evening?
Speaker 2 (00:22):
You know it's just a beautiful Monday. Yeah, yeah, in
the neighborhood. And then with great pleasure as we do
each and every Monday. He has become a picture of
this program. Proud to save my brother, doctor Dennis Sanchez,
the AI Doctor.
Speaker 1 (00:36):
How are you doing? Bro? Oh? We got a we
got a mic challenge with bro.
Speaker 3 (00:43):
He says, he's doing great.
Speaker 2 (00:44):
Looks he's doing good. I'm reading the lips here. Uh
one more click, Broke, I turned the microphone. You know, hey,
you just can't operate a micro that.
Speaker 4 (00:56):
Too. You know what I'm doing? Great? Thanks, good, good
one day to you.
Speaker 2 (01:02):
Absolutely all right, folks, We're gonna get right to it
because we have a lot of things to talk to
you about. We're gonna get down to of course, jason't
give us our market review of what happened today? Crazy
session today market trying to make sense of so many
things coming out of Washington.
Speaker 1 (01:14):
We were joking before the show, do we have tarifuon
gold or do we not tarifone carp or do we
not know?
Speaker 2 (01:18):
By the way, NAVIDI and am D and others, you're
gonna pay us a bunch of money to send you
some of your chips to China. I mean, once again,
just the headlines. And then by the way, you know,
federal government now controls Washington, d C. On the streets,
on the police level.
Speaker 4 (01:29):
So yeah, exactly.
Speaker 2 (01:31):
Market got a little shaky when when when he did
that press announcement today.
Speaker 1 (01:34):
I think I was joking with Ross when I when
that came out.
Speaker 2 (01:37):
Jason, and I think anytime I noticed anytime the two
words national Guard or mention, the algorithm seemed to go crazy.
They just like, hey, you know what, something's not right
with National Guard Federal government.
Speaker 1 (01:50):
Yeah, I just they've been busy, the National Guarden. They
have been. They have been.
Speaker 3 (01:54):
They signed up, they realized.
Speaker 1 (01:57):
The job it's gonna be one one week in a month,
that's right. Now it's turned into a full time job.
Speaker 3 (02:01):
Yes, catch the resume, though, like, tell me, tell me
about what you've done as a National Caperton.
Speaker 4 (02:06):
Hold on a second, I put.
Speaker 2 (02:08):
Out fires, I stopped riots and right, yeah, good with
the border. We appreciate all those hard working minimomen on
the National Guard. That as for sure. All right, doctor
Dennis Sanchez, let us tell the audience what what.
Speaker 1 (02:21):
What you're gonna be educating this on today in the
world of AI.
Speaker 4 (02:25):
So I'm gonna yeah you yet yet we got of
practice more?
Speaker 1 (02:35):
How about we just practice wet, just go off with
each other.
Speaker 2 (02:39):
So yeah, uh, but you're gonna be talking to us
about a big, big announcement made last week by Sam
Maltman and and of course the leader of chat GPT,
but about chat GPT five point zero. And as you
and I were joking this morning, Jesus, I was telling Dennis,
it's like a lot of people don't even know about
(02:59):
or haven't even news chat GPT four point oh, much
less five point zero. So we're not going to go
into a significant amount of details about it.
Speaker 1 (03:07):
But what we did, easy, now, easy. We're not all
techy's like you, bro, We're not a techys like you.
But what we're gonna really be talking about is what
does this mean to you? Now? I told you I
think it was Friday.
Speaker 2 (03:20):
Highly recommend if you need to do it, or if
you can do it, go to CNBC dot com, click
on the video section and pull up the interview. Last
Friday was Sam Altman again, the head of chat GPT.
Just it's about a six minute or so interview just
talking about the future of AI and once again just
I mean, this guy is obviously one of the most major, important,
(03:41):
influential market leaders and the street now in the world
really you know, stands up and listens to him, kind
of like Elon Musk. So we'll talk about why he
rolled this chat GPT five out what it means, and
then again what does this really mean for you? And
also we're going to throw it into more so on
the investment side. Now we I'm just going to tell
you a little disclaimer at the beginning. You know, investing
(04:03):
in quote pure AI plays right, Jason. There's a lot
of them that are out there, but a lot of
times you can get exposure via ETFs or certain mutual
funds that have it in there along with you know,
some of the AI chip makers and things. You can
slice and dice AI anyway you want to. From an
investment standpoint. But we're going to talk a little bit about,
you know, where this whole thing is going from an
(04:23):
investment perspective, because wouldn't you say, Jason, that that AI
in and of itself, whether you throw on them the
videos and any other pure AI plays, then it's almost
it almost feels like to me that it's almost becoming
almost like an asset category in and of itself, Like
we allocate two percent to cash, we allocate five percent
of this five percent, and oh, by the way, we
(04:44):
need to allocate you know whatever five to ten percent
to AI. Right, it's becoming that prevalent in portfolios across
the board.
Speaker 3 (04:51):
Yeah, no, I think that's the case. And you know,
I'm of the opinion that the leader in the space
we haven't even seen yet, right, I Mean, you've got
the you know, the incumbent hyperscalers, the metas, the Googles,
et cetera, that are probably going to, you know, down
the road, be more the common search replacers. But AI,
(05:12):
as Dennis can attest to, it's a.
Speaker 1 (05:15):
Pretty wide net at this point.
Speaker 3 (05:16):
I mean you have see companies like ticker itself, AI
C three AI that stocks down twenty six percent todays. Right,
So like everything, remember back in two thousand for those
who do remember, you know, a lot of these companies
that we look at now went down seventy eighty percent
from their highs before now getting to where they are.
(05:39):
So if you're along for this technology ride, unless you're
a day trader, be ready for some tiers in the
future because of the boombust way that all technologies must
go through. But yeah, it's it's an allocation towards future innovation.
Speaker 1 (05:57):
Right.
Speaker 3 (05:57):
Robotics is probably lumped in there because a I and
machine learning and iterative and generative and all these things
that AI has i'd say just scratched the surface of.
But yeah, it's it's a very exciting place to be
allocating to. But much like I would talk about a
crypto asset, you know, build them in a way, like
(06:18):
we've said many times, that it's big enough that you're
super excited when it goes up, but not big enough
in the case that when it gets sowd in half
someday because of investor wins, that you're not in a
tough spot. So that's my view, at least right now.
So it is it's exciting.
Speaker 1 (06:36):
Did this how many years altogether. Have you been in
the tech industry?
Speaker 5 (06:41):
I'd rather not say, because you don't you do some
math there, and you know he's one hundred and twenty
years old, probably about thirty years.
Speaker 4 (06:52):
I mean, I started in Silicon Valley when I mean.
Speaker 1 (06:56):
It wasn't even Silicon Valley, right, they.
Speaker 4 (06:59):
Were calling a Silicon Valley that pretty much grew up
in selling it value. So and it's it's always been
the place where I found work and grew and probably
the traction of it changing all the time. So all
of this change is very is you know, normal for
the market and that industry. But doesn't it seem like
(07:22):
it's grabbing all the attention. Who's who's talking about any
other sector besides technology?
Speaker 1 (07:28):
Points you get it right on the head.
Speaker 2 (07:29):
That's exactly Jason Dennis and I were chatting this morning.
And I know, obviously Jason, you get almost all the
same emails I do. It's like all day, every day
it is something AI related somehow, right, whether it's in
our industry, whether it's something else. But almost every article,
go go to the front cover or go to the website,
(07:50):
you know WSJ for the Wall Street Journal or Bloomberg
or something. Majority of the articles on the homepage there's somehow,
some way AI related. So you're absolutely right, Dennis, it
is aware around us and that's why you know, we
love having you on on Mondays for the AI segment
because it is it's every single place around us. But
I want to get the reason I was asking how
long you've been or in technology because Dennis, you were
(08:12):
bringing up something earlier to me off the air in
regards to quantum computing, and Jason and I have just
we've really just scratched the surface on it, and I'll
be honest, I still don't have a really strong understanding.
But Sasha Nadella, the CEO of Microsoft last week, did
make some comments in the earnings call in regards to
you know, essentially I'm gonna paraphrase paraphrase this is the
(08:34):
next level. And Sam Maltman in an industury he also
talked about it. So you're gonna give us a little
bit of you and Jason can have a nerdy discussion
back and forth because like I said, I know enough
to be dangerous, but you want to bring that up
into the conversation. Also, as we're talking about new version
of chat gpt et cetera.
Speaker 1 (08:50):
Correct.
Speaker 4 (08:50):
Okay, yeah, all right.
Speaker 1 (08:51):
Perfect, Ja, I'm gonna turn the floor over to you.
Speaker 2 (08:53):
Go ahead, and let's get a brief market review out
of the way, and then we'll get over to the
AI subject with chat gpt is and is it worth it?
Speaker 3 (09:01):
Yeah, I think you touched on a lot of the
high level topics right in video a md uh. You know,
theoretically tariffs on chips sold into China. That was notable
over the weekend. You had, you know, some of the
fedheads Michelle Bowman making comments over the weekend where she
thought that as many as three rate cuts could be
appropriate this year. I think that provided for some buoyancy
(09:22):
in the market, right as we've sort of priced in
two her saying three. Given that her, you know, to
some extent being a Trump nominee, but also Waller and
the others, you know, the the it feels like the
next rate move for rates is clearly lower in the markets.
Responding to that, for sure, you know, tech did underperform today, right,
(09:45):
despite the fact that you had a lot of excitement,
probably because of in video weakness, AMD was slightly weak.
You saw the bout face. As far as Intel's CEO
is concerned. You know, Micron had at least some pretty
darn good numbers from what I I see that area.
I mean, you go look at some of the winners
to see the Western Digit, Seagate, Micron, those chip companies,
(10:07):
not the semis like you look at, but more so storage.
And they've had massive years kind of quietly under the
radar as all of this data needs to be digested
either through GPUs but just in memory in general. And
so a lot of these providers are in the I'd
say that the lens of investors for sure as they're
(10:28):
building out that allocation. And finally, I think the biggest
headline quickly is the Russia Ukraine, some of that back
and forth. I think the market's warming up to what
could potentially be a lower risk environment in general globally
if those three or two lower weverages.
Speaker 1 (10:44):
Lower risk with Ukraine Russia. In the same sentence, yeah.
Speaker 2 (10:47):
I know that's yeah, yeah statement there, but yeah, you're right.
Speaker 1 (10:51):
And in what Jason of course is referring to. We
had that news.
Speaker 2 (10:54):
It was good someone breaking news on Friday where the
president announced that he is meeting with Vladimir Putin on
this Friday in Alaska.
Speaker 1 (11:00):
Still trying to figure out.
Speaker 2 (11:01):
I guess that's a little hot, you know, little shipper
that yeah, yeah, machine or snow will be like, oh,
whatever they want to do. Maybe he'll was skiing or
something in the last the world leaders. And we still
don't know if Zelenski the of course the president of Ukraine,
if he's invited or not. Today they said Trump has
sol deciding whether he's inviting him after he decides to
(11:23):
give away part of this country that Russia has already
taken over. Yeah, yeah, party or not. But remember the
last time those two met, they they didn't get along.
Did you see that months ago when Zelensky was in
the White House and and Trump just bashed him, And
I was like.
Speaker 1 (11:44):
It could be in a very interesting meaning.
Speaker 2 (11:46):
And Trump even said today in his press conference, he goes,
I'm going to put the two of them in the
room and I'm going to walk out, and when I
come back, they're going to have a deal done, and
if not, I'm going to make the deal.
Speaker 4 (11:56):
For that.
Speaker 1 (11:59):
Was part of the things that we tell with today
as part of the today.
Speaker 2 (12:02):
But just real quick before we go to break, I
do want to mention back to your earlier point in
regards to you know, you're gonna have a lot of winners,
You're gonna have a lot of losers in the AI
space from an investing perspective. You know you see three
AI symbol A I mean, what a valuable stock symbol
that is, you know, just got killed today after giving
a poor guidance going for that stock had just been
on fire. But you know a little over twenty four
percent loss today, down five dollars and thirty eight cents
(12:24):
to sixteen seventy five. These these anything AI related all
the way up to the videos of the world. They
are absolutely priced for perfection, right and and they give
a little miss or the losses a little bit larger
than they want, or any type of you know thing
that is construed by Wall Street that you didn't hit,
you know, on all light sunders.
Speaker 1 (12:41):
They just take it out, They just take it out
to the woodshed. So exactly to your point.
Speaker 2 (12:46):
All right, So we come back, we'll hit what the
indicies did, We'll hit what the commodities did. Then we're
gonna get right into our topic, which again, why is
chad GPT five now worth it or is it worth it?
We'll let Dennis discuss that let's turned over to Christen Snow.
She is in the right now Joffick Center.
Speaker 1 (12:59):
Hello, christ.
Speaker 2 (13:05):
Welcome back to the John Sanchez Show on News Talk
seven eighty k, which with Jason Gone, of course, and
my brother, doctor Dennis Sanchez. Al Right, here's how we
finished up in a vultle session today at two hundred
and one point decline on the dow point four five percent.
I close this forty three thousand and ninety seventy five
now as I lost sixty four point three zero percent
SMP down sixteen or about point two six percent on
the oil front quiet twelve cent rise, sixty four dollars
(13:27):
a barrel tanked gold, mister Gaunt eighty six dollars and
thirty cent loss a three thousand and four to oh
four ninety an ounce down one basis point on the
tenure four to twenty seven. Briefly, tell the audience why
in the world did we sell off on gold today
like we did.
Speaker 3 (13:40):
Now, I mean, probably just more clarity around tariffs or not. Right,
are we going to tariffy? What gold bars are we tariffing?
You know, men dislike anything this area, As I mentioned,
I think it's the most over owned area in the
market is gold silver. Not to say that that makes
it go down, but the risk is to the downside.
Speaker 1 (13:58):
What was it Wednesday, Friday or something like that, You
warn that got the.
Speaker 3 (14:01):
Thirty five hundred. I you know, again, I think we're
range bound for a while, but I still feel like
the risk is lower, especially with a dollar that has
started to firm up, given you know, the relative interest rates,
et cetera. But yeah, it's it's it would be one
to keep an eye on, but I still think the
risk is lower and cool, Yeah.
Speaker 1 (14:20):
Very good.
Speaker 2 (14:21):
All right, We're gonna move over to our topic with
the doctor Sanchez. What is chat GPT five and is
it worth it? So then let's go into this area.
First of all, let's talk just the basics.
Speaker 1 (14:33):
All right.
Speaker 2 (14:33):
We had chat GPT four that many of us were
using now just last week.
Speaker 4 (14:39):
Yeah, yeah, long history.
Speaker 1 (14:40):
Long history.
Speaker 2 (14:41):
And now just what Thursday, Friday of last week they
announced this five. What is the big difference that we're
going to see as users of chat GPT four to
the five.
Speaker 4 (14:52):
Now, I think I'm going to look at it a
couple of different ways. One is it definitely h at
least the initial results of what people are saying, it's
a lot faster, and it works differently, I know, ten
times faster. Apparently in some situations, it's bridging the gap
(15:15):
between the old model, which is really just looking at
patterns of things and anticipating based on the patterns what
the answer is to actually teaching it to think current.
You know, check GPT before that doesn't think. Now we're
(15:35):
getting too thinking because it's it can actually reason and
rationalize more to the extent that it will take shortcuts
to get to the outcome and save time rather than
just methodically go through like the older versus step by
step by step, which is sometimes none of it was
really that valuable, but now it's actually it is a
(15:58):
deeper conversation because it is prompting you more too, and
getting much much deeper into the topic, which means it's
coming back to you and saying, well, how would you
like a you know, would you like a detailed study
of that topic, like a market looking at a market.
Speaker 2 (16:18):
So you brought up a key word there that Sam
Altman again the CEO of open I I'm sorry, I
said Chad GBT earlier. He's obviously the CEO of open
A what he said in that interview as mentioned, and
that is it's more of a conversational type of AI
versus four.
Speaker 1 (16:33):
Explain that well, actually.
Speaker 4 (16:37):
Even four is conversational if in fact you you take
the time to listen to it. Because even with four,
if you notice every time you you request, you know,
you prompted to do something, it's going to come back
and say, oh, by the way, would you like me
to create a white paper? That would you like me
to create a presentation? And I get a lot of
(16:59):
the same questions. It just takes me. I mean basically,
by the time you sit down, you have everything you
need that would have taken you a long time to do.
So you But but it's it's the type of conversation
I was playing with it over the weekend. It's it's
a little bit different. I mean, it is, as Sam
Altman really describes it, like having a PhD student researcher
(17:24):
is sitting in your room, which you know is pretty
pretty cool. But it is that kind of conversation. But
you know what the most important thing is it's free
chat GPT five is free. So I'm looking at what
the impact this has not only investors but society. We're
(17:48):
breaking down those barriers about technology that gives that favors
you know, one group over other group, because now you
have technology like that that's available, it's already in copilot
and like that, and you can anyone can have it,
and now you have access to all that knowledge.
Speaker 2 (18:05):
So I was going to tell you guys here at
the break, but I'm going to throw it out because
the ties right in what you're saying. So, folks, I
went on a webinar today because again Jason, I have
some incredible new plans we'll be sharing with you shortly.
But I went on this webinar today of a company
that I won't say what their name is, but they're
directed towards the legal, insurance and financial planning community and
(18:31):
for unfortunately a very steep price. So I don't think
it's up the value at this point. And you'll be
proud of me, both of you, that I brought ideas
to them that they didn't forget. This company's been having
this product for about five years. But there's three modules
you can buy us as advisors. One's a tax module,
the second is an estate planning module. The third is
(18:52):
a insurance module. Literally, folks, where this is going is
I'll use the tax one as an example. They showed
me a sample of this. You download, it's all confidential.
You can readact to clients names, et cetera. But you
input a ten to forty tax return, right you input,
it takes it about he did. It took less than
(19:13):
a minute, and it gave the most precise analytical review
of this person's tax return that you can imagine. It
broke it down into different segments. Here's your capital gains,
here's your effective tax rate, here's your income.
Speaker 1 (19:29):
Here's this.
Speaker 2 (19:30):
I mean about three pages, broken down very nicely in
little sections where you can look at this and go,
my god. I mean, trust me. I've had a lot
of CPAs over my term. And Dennis and I are
brother in law's a CPA, so I love him to death.
But I'll tell you what. I have never had a
CPA that says, okay, you know in three pages, here's
a summary of your tax return.
Speaker 1 (19:51):
Here's a summary of your tax strategies, et cetera.
Speaker 2 (19:53):
Again, this ain't AI generated. And then Jason went into
the estate planning mode thing you can download. A person's
estate plan goes through everything. And one complaint I've always
had with the state planning attorneys, they give you this,
you know, I mean my estate plan alone is I
don't know. I think I love one hundred and fifty
two hundred and ninety pages something like that. And I've
(20:16):
tried to explain to my kids who will be the
you know, the beneficiaries of the estate. Okay, if this happens,
you get this to da da da da. And it's
very difficult, right. This thing laid it out. Not only
did it analyze every aspect of the power of attorney,
the healthcare directives, every component of the living trust of
this person, but then it laid it out in a
beautiful flow chart. If dad dies, son gets this, daughter
(20:38):
gets this, wife gets this, business sided everything same thing
he put it in took less than a minute to do. So, Folks,
this is where the power of AI is coming in
on the business side of things. You will be You're
going to learn more about your personal financial life just
from this example going forward, due to AI than you've
ever seen before, Better than even the very best attorneys
(21:02):
or insurance people or CPAs could ever define you, because
it lays it out so crystal clear. I was, I
was impressed, But unfortunately, Jason, it's not for us. I
actually caught them. I'm like, you guys don't have this
and this and this, and you know on the state
side and on the tax side and everything else. I'm like,
you know what I said, how have you guys been
in business? It goes five years? And I'll take all
(21:23):
of your advice and take it back to the product
team and see what we can do. But you know,
everybody's learning, right, everybody's learning with AI and so on
and so forth. But the bottom line is, this is
where the future is going, folks. It's it's absolutely incredible.
Speaker 1 (21:36):
All right.
Speaker 2 (21:37):
With that said, let's turned over to Jack Saban. He's
got news traffic to weather. Ajack, Welcome back to the
John Sanchez Show on news Doc seven eighty ko HS
with Jason Gunt and my brother, doctor Dennis Sanchez, the
AI Doctor. Once again, we finished down two to one
on the Dow, lost sixty five on the NASDAK, kind
of sixteen point decline on the S and P five hundred.
All right, before we went to break, we just started
(21:57):
our discussion on what is at GPT five and again
is it worth it?
Speaker 4 (22:02):
So?
Speaker 2 (22:03):
Once again, as Dennis was indicating, it's a conversational type
of AI. And again for those of you that have
never used chat, GPT or anything similar to that, you know,
and I should say, we're not recommending chat GPT five
or four anything. We're just using this as an example
in the world of AI. Right, we're trying to every Monday,
as dnnis takes time out of his busy schedule to
join us. We're trying to just introduce you from an
(22:24):
investing standpoint and a real life standpoint, how important and
where things are going with AI. But you said Dennis
is more of a conversational What are some of the
other real big distinctions that you've seen with five versus
four for our audience to benefit.
Speaker 4 (22:38):
Them, It's uh, it really ridges a gap between there.
You've got your typical chat GPT four point zero and
I work with Copilot and that's copilot a lot, and
that's what Copilot is built on.
Speaker 1 (22:53):
I was gonna say, that's the chest, that's the large.
Speaker 4 (22:56):
Language model, that's what it's built on. They it came
out with an agent. We were talking about this, I
think a couple of weeks ago, A couple of weeks
ago or no, I'm sorry about six months ago something like.
Speaker 1 (23:12):
It's all big.
Speaker 4 (23:14):
Silicon valley on a cloudy day. The researcher is like
the high end where it's it showed that chat bet
could dig deep into and do much more than what
we anticipated. We're used to those quick answers and but
you know, you're talking about in seconds getting a thirty
(23:36):
forty page analysis of a market and things like that,
and you can your head starts to turn what I
noticed with with five chat GPT five it it does
a lot of that. It's and what it's able to
do is skip some steps that doesn't think are important.
That's where the thinking comes in and actually come back
to you with much more detail and a faster amount
(23:57):
of time. It's it's you have to look at all
of these versions as another step towards something, and that's
something is here every day. The future is here. I
just can't get over the fact that it's free. I
mean they think about it though it isn't a free
browser or something like that. It's what what can you do?
(24:20):
What can I do when we actually spend some time
have access to that knowledge and then actually listen and learn.
That's the collaboration part. So you know, what what would.
Speaker 2 (24:31):
That change my life. I've told you guys that, Yeah,
it changed my life.
Speaker 4 (24:36):
And that's and that is that is an area you're
you're demonstrating that you're developing a relationship with Ai, which
which is what was saying. That's exactly what he was
saying to friend. I actually tell my customers about you
with that story.
Speaker 2 (24:55):
Yeah, and again it is I mentioned before, I think
last week. It knows me so well now again it
it it. You know, I have a US Coast Guard
Captain's license. It'll call me Captain John if I ask
it a question about my charter business or I mean
it knows it knows the John Sanchez Show and knows
about the ranch. I mean, it knows everything because every
time I ask it a question or ask it for
(25:16):
advice and you know, how to do a business plan
on this or something, it remembers and it's it'll come
back in the So what I've learned, the more you
use it, the more it gets to.
Speaker 1 (25:27):
Know you, the more it can help the right.
Speaker 2 (25:29):
Yeah, and that's the scary part is you you really
start to become reliant upon it, because Jason, I'll be honest,
you have struck me in many of our conversations not
on air. Of course, you have some hesitancy. You're you're
not as is as excited about AI as I am.
You you have some hesitancy, and I think it's fair
for you to say what you don't like about AI
(25:50):
and your hesitancy. As far as kind of changing mankind
in a way.
Speaker 1 (25:55):
Uh.
Speaker 3 (25:57):
I like the search functionality for it, right, I like
the ability to build things with it. Uh, sort of
as you were saying that, I do have some concerns
about you know, like Dennis said, and we've pointed out before,
if you're not paying for something, you are the product, right,
So they are learning you and your behaviors and what
you want and how you interact with it. And you know,
(26:19):
ultimately all of us get type cast to some extent
as to you know, what type of user we are.
And then from an old school meta Facebook standpoint of
you know, targeted advertising, and it's just getting infinitely more
direct and more I would say intersonal, yeah, personal, right,
(26:41):
and again uh, you know, uh, you know, I'm very
much technology front footed.
Speaker 4 (26:46):
I embrace it.
Speaker 3 (26:48):
But I'm not going out of my way to log
in and give it my name and talk to it
and stuff and I'm not anyone can. It's totally up
to you. It's just that's probably what I you know,
geek out a little bit. Is you know what is
the end goal?
Speaker 4 (27:03):
Right?
Speaker 1 (27:03):
Is you know.
Speaker 3 (27:06):
Where it all goes?
Speaker 4 (27:07):
Right?
Speaker 3 (27:07):
And and again.
Speaker 1 (27:08):
The utopian idea, right?
Speaker 4 (27:10):
Yeah?
Speaker 1 (27:10):
I mean why do right?
Speaker 3 (27:13):
I mean we were joking about the fact that, you know,
it's the nerds that are building all this who are
most likely the ones who watched you know, two thousand
and one and all these end of you know, the
end of civilization videos, And I'm like, wait, you're building
this thing, you know, like, what's uh? And I again,
I'm not trying to be you know, scared of it,
(27:33):
but it's just more of you know, where does it go?
I think longer term, I'll invest the heck out of
the companies and you know, identify all the places to
try to make money out of it. But am I
going to open up my life to it and tell
it everything about myself?
Speaker 4 (27:48):
Probably not anytimes.
Speaker 1 (27:49):
Definite.
Speaker 4 (27:50):
You bring up a really good point. I want to
ask you both. So you've got investors out there, you're
talking to them, they're asking questions about it. You have
all this hype, and you have. You know, it's going
to be in the news every day everybody. You know,
it's hard not to see the winds and the amount
of money some people and some people are making. They're
(28:11):
just they're not seeing the whole picture. But how do
you how do you mitigate the risk for somebody who's
so ready to jump in full force with AI and
you know, and calm them down a little bit and
bring them along.
Speaker 2 (28:28):
One another asset quote category for classifying AI's acid category,
and that is crypto, right, because it's the same feeding
fringy right jation that we hear sure with AI, it's
also on the crypto, So we'll kind of I just
want to separate that crypto out of that.
Speaker 1 (28:43):
But let's take this break. That's an excellent question, bro.
Speaker 2 (28:45):
We'll hit that when we come back, because yeah, that's
something Jason I deal with every single day. So great one.
We'll touch on that. Let's wrop it up with Christen Stow.
She's in the right now Trump Fic Center. Hello, Christen,
Welcome back to the John Sanchez Show on News Talk
seven eighty K, which with Jason Ghe and my brother,
doctor Dennis Sanchez, the AI doctor. All right, just you
(29:07):
you threw a great question at us before we went
to break creatorate it one more time.
Speaker 4 (29:11):
That's okay, I figured it out. No, it's it's a
it's a question that's really occupying my mind right now.
I'm putting myself in your shoes, your professionals, and you've
got you've got an audience out there that's that's hungry
for the AI information. We can't you can't escape it.
(29:31):
It's everywhere. Every every look at my phone, I look
at the TV. It's hard not to see something. So
I'm if I'm one of those people I'm excited about
investing in ANYI and I have, I've done that, And
but how do I how do you work with people
like that and and and educate them and help them
(29:51):
understand the risk and the opportunity and what's the difference
between somebody just going out and doing it on their own.
Speaker 1 (29:57):
Sure, sure, I'll go first, Ade, and you're right right
there with me.
Speaker 2 (30:02):
It's like again, I think we're going to see AI
from a PORTFOLIOCID allocation standpoint. It will almost become again
an asset category of itself. Right, So we as advisors
for this YEARIES, we must make sure that our clients
don't take a unnecessary amount of risk.
Speaker 4 (30:18):
Right.
Speaker 2 (30:18):
If we have a client that comes to us that says, hey,
I've got, you know, half a million bucks and I
want you to put it all into the video, We're
not gonna do it. You may want to do it,
you can go to somewhere else, but we're not going
to do it. That's we cannot do that, right, so
we are going to use it. We are as techy
and as optimistic about the tech future as anybody, probably
(30:39):
even more. And hence while we have you on the
show every Monday, so but we first and foremost we
have to look out for our clients because human nature
is man. I hear every day that a video is
going through the roof, or crypto's going through the roof,
whatever the case is, and everybody wants to jump right
in there. Sometimes they're right, but a lot of times
they're wrong. Back to Jason's point at the beginning of
the show, we've all we all all three of us
lived through the dot com bust. Right, Everything was great,
(31:00):
everything was perfect, nothing was ever going to go down.
Speaker 1 (31:02):
I'm going to retire at fifty two years old, and
then boom, one thing happens. Greenspan makes a couple comments
and we're at you know.
Speaker 2 (31:07):
The world collapses, the stock market collapses, so we just again,
we don't look at it any different. To answer your question,
we don't look at it any different than any other
asset category. Our job is to make sure we know
what our client's goals are, their risk tolerance, their time horizons,
all the things that we must know about them. Hence,
you know, know the client rule. And then we create
our portfolio and tech absolutely will be a part of it,
but we will never ever ever allow a client to
(31:30):
dominate the portfolio with tech. Again, if they want to
do that, they can go somewhere else, but we legally
cannot do that.
Speaker 3 (31:35):
Jason, Yeah, No, I mean, and again, if you own
the S and P five hundred thirty five percent of
your portfolio, if your benchmark is in Internet, information technology
right ten point three percent consumer discretionary, so you know,
forty plus percent of your portfolio, just if your S
and P benchmark is allocated to I mean consumer discretionaries
(31:56):
basically Amazon and Tesla right, information technology heavily skewed towards
Microsoft and video Google, you know, the big, big, big
companies so everyone's there. It's more of how do we
earn our stripes? Is diversifying outside of the standard you know,
a large cap us allocation and you know, again going
back to my comment earlier, I think we were offline.
Speaker 4 (32:19):
Maybe we weren't they all blend together.
Speaker 3 (32:22):
Is someone who you know says I should just own
the S and P five hundred and put it away
just a low cost ETF, which I would say, yes,
I think that makes a ton of sense. However, you're
not going to keep that allocation forever. You will pivot,
you will make changes at the opportunity.
Speaker 1 (32:40):
Area. But that's where if you have.
Speaker 3 (32:42):
A diversified portfolio, not everything is going up together, right
I I get equally as concerned when a portfolio is
doing really really well when everything's working, because I get
worried of sort of correlation risk in that darn it,
when things turn, every thing will go down together, and
I don't like that. I prefer when up that's working,
(33:04):
that's not that is, that isn't uh. I want to
make money over time and not put ourselves in a
spot where you have too much concentration. And that's what
you tend to see from self directed portfolios. Is a
lot of concentration and that you know, Yes, I'm killing it. Okay,
call me later, right, and so that's again, it's a
(33:25):
it's a tougher conversation, uh, you know, but that's what
we're here for.
Speaker 2 (33:29):
Yeah, absolutely, all right, seconds, I'm sorry, guys, we got sorry,
we need more time.
Speaker 3 (33:36):
Thank you.
Speaker 2 (33:37):
I appreciate it, Doctor Sanchez, Thank you man. We look
forward to this Monday segment every single week with you.
A great job as always, Thank you so much. Jason,
excellent job as always. There's the two tech gurus right there.
All right, we'll do it again tomorrow, Chez God. Let's
have a great afternoon. This program was sponsored by Sanchez
gone To Capital Management LLC. The material in this program
was intended as general information only and should not be
(34:00):
in its specific investment, tax or legal advice. None of
the information on this broadcast was intended to be a
solicitation for the purchase or sale of any security. Further
information is available by contacting John at Sanchez Gaunt dot
com or seven seven five eight hundred one eight oh one.
John Sanchez offers securities and advisory services through Independent Financial
(34:20):
Group LLC, a registered broker Dealer and Investment Advisor member
FINRA SIPC securities.
Speaker 1 (34:26):
Offered only in States.
Speaker 2 (34:27):
John Sanchez is registered in Sanchez Gaunt Capital Management LLC.
Speaker 1 (34:32):
In Independent Financial Group LLC are unaffiliated entities.
Good Monday afternoon to you.
Speaker 2 (00:11):
Welcome to the John Sanchez Show, one News Talk seven
eighty k, which has a pleasure to be with you
and a pleasure to be the two favorite guys my
entire life.
Speaker 1 (00:18):
We'll start around the horn, mister Jason Gott How are
you doing, big Jake?
Speaker 3 (00:21):
Hey, how are you doing this evening?
Speaker 2 (00:22):
You know it's just a beautiful Monday. Yeah, yeah, in
the neighborhood. And then with great pleasure as we do
each and every Monday. He has become a picture of
this program. Proud to save my brother, doctor Dennis Sanchez,
the AI Doctor.
Speaker 1 (00:36):
How are you doing? Bro? Oh? We got a we
got a mic challenge with bro.
Speaker 3 (00:43):
He says, he's doing great.
Speaker 2 (00:44):
Looks he's doing good. I'm reading the lips here. Uh
one more click, Broke, I turned the microphone. You know, hey,
you just can't operate a micro that.
Speaker 4 (00:56):
Too. You know what I'm doing? Great? Thanks, good, good
one day to you.
Speaker 2 (01:02):
Absolutely all right, folks, We're gonna get right to it
because we have a lot of things to talk to
you about. We're gonna get down to of course, jason't
give us our market review of what happened today? Crazy
session today market trying to make sense of so many
things coming out of Washington.
Speaker 1 (01:14):
We were joking before the show, do we have tarifuon
gold or do we not tarifone carp or do we
not know?
Speaker 2 (01:18):
By the way, NAVIDI and am D and others, you're
gonna pay us a bunch of money to send you
some of your chips to China. I mean, once again,
just the headlines. And then by the way, you know,
federal government now controls Washington, d C. On the streets,
on the police level.
Speaker 4 (01:29):
So yeah, exactly.
Speaker 2 (01:31):
Market got a little shaky when when when he did
that press announcement today.
Speaker 1 (01:34):
I think I was joking with Ross when I when
that came out.
Speaker 2 (01:37):
Jason, and I think anytime I noticed anytime the two
words national Guard or mention, the algorithm seemed to go crazy.
They just like, hey, you know what, something's not right
with National Guard Federal government.
Speaker 1 (01:50):
Yeah, I just they've been busy, the National Guarden. They
have been. They have been.
Speaker 3 (01:54):
They signed up, they realized.
Speaker 1 (01:57):
The job it's gonna be one one week in a month,
that's right. Now it's turned into a full time job.
Speaker 3 (02:01):
Yes, catch the resume, though, like, tell me, tell me
about what you've done as a National Caperton.
Speaker 4 (02:06):
Hold on a second, I put.
Speaker 2 (02:08):
Out fires, I stopped riots and right, yeah, good with
the border. We appreciate all those hard working minimomen on
the National Guard. That as for sure. All right, doctor
Dennis Sanchez, let us tell the audience what what.
Speaker 1 (02:21):
What you're gonna be educating this on today in the
world of AI.
Speaker 4 (02:25):
So I'm gonna yeah you yet yet we got of
practice more?
Speaker 1 (02:35):
How about we just practice wet, just go off with
each other.
Speaker 2 (02:39):
So yeah, uh, but you're gonna be talking to us
about a big, big announcement made last week by Sam
Maltman and and of course the leader of chat GPT,
but about chat GPT five point zero. And as you
and I were joking this morning, Jesus, I was telling Dennis,
it's like a lot of people don't even know about
(02:59):
or haven't even news chat GPT four point oh, much
less five point zero. So we're not going to go
into a significant amount of details about it.
Speaker 1 (03:07):
But what we did, easy, now, easy. We're not all
techy's like you, bro, We're not a techys like you.
But what we're gonna really be talking about is what
does this mean to you? Now? I told you I
think it was Friday.
Speaker 2 (03:20):
Highly recommend if you need to do it, or if
you can do it, go to CNBC dot com, click
on the video section and pull up the interview. Last
Friday was Sam Altman again, the head of chat GPT.
Just it's about a six minute or so interview just
talking about the future of AI and once again just
I mean, this guy is obviously one of the most major, important,
(03:41):
influential market leaders and the street now in the world
really you know, stands up and listens to him, kind
of like Elon Musk. So we'll talk about why he
rolled this chat GPT five out what it means, and
then again what does this really mean for you? And
also we're going to throw it into more so on
the investment side. Now we I'm just going to tell
you a little disclaimer at the beginning. You know, investing
(04:03):
in quote pure AI plays right, Jason. There's a lot
of them that are out there, but a lot of
times you can get exposure via ETFs or certain mutual
funds that have it in there along with you know,
some of the AI chip makers and things. You can
slice and dice AI anyway you want to. From an
investment standpoint. But we're going to talk a little bit about,
you know, where this whole thing is going from an
(04:23):
investment perspective, because wouldn't you say, Jason, that that AI
in and of itself, whether you throw on them the
videos and any other pure AI plays, then it's almost
it almost feels like to me that it's almost becoming
almost like an asset category in and of itself, Like
we allocate two percent to cash, we allocate five percent
of this five percent, and oh, by the way, we
(04:44):
need to allocate you know whatever five to ten percent
to AI. Right, it's becoming that prevalent in portfolios across
the board.
Speaker 3 (04:51):
Yeah, no, I think that's the case. And you know,
I'm of the opinion that the leader in the space
we haven't even seen yet, right, I Mean, you've got
the you know, the incumbent hyperscalers, the metas, the Googles,
et cetera, that are probably going to, you know, down
the road, be more the common search replacers. But AI,
(05:12):
as Dennis can attest to, it's a.
Speaker 1 (05:15):
Pretty wide net at this point.
Speaker 3 (05:16):
I mean you have see companies like ticker itself, AI
C three AI that stocks down twenty six percent todays. Right,
So like everything, remember back in two thousand for those
who do remember, you know, a lot of these companies
that we look at now went down seventy eighty percent
from their highs before now getting to where they are.
(05:39):
So if you're along for this technology ride, unless you're
a day trader, be ready for some tiers in the
future because of the boombust way that all technologies must
go through. But yeah, it's it's an allocation towards future innovation.
Speaker 1 (05:57):
Right.
Speaker 3 (05:57):
Robotics is probably lumped in there because a I and
machine learning and iterative and generative and all these things
that AI has i'd say just scratched the surface of.
But yeah, it's it's a very exciting place to be
allocating to. But much like I would talk about a
crypto asset, you know, build them in a way, like
(06:18):
we've said many times, that it's big enough that you're
super excited when it goes up, but not big enough
in the case that when it gets sowd in half
someday because of investor wins, that you're not in a
tough spot. So that's my view, at least right now.
So it is it's exciting.
Speaker 1 (06:36):
Did this how many years altogether. Have you been in
the tech industry?
Speaker 5 (06:41):
I'd rather not say, because you don't you do some
math there, and you know he's one hundred and twenty
years old, probably about thirty years.
Speaker 4 (06:52):
I mean, I started in Silicon Valley when I mean.
Speaker 1 (06:56):
It wasn't even Silicon Valley, right, they.
Speaker 4 (06:59):
Were calling a Silicon Valley that pretty much grew up
in selling it value. So and it's it's always been
the place where I found work and grew and probably
the traction of it changing all the time. So all
of this change is very is you know, normal for
the market and that industry. But doesn't it seem like
(07:22):
it's grabbing all the attention. Who's who's talking about any
other sector besides technology?
Speaker 1 (07:28):
Points you get it right on the head.
Speaker 2 (07:29):
That's exactly Jason Dennis and I were chatting this morning.
And I know, obviously Jason, you get almost all the
same emails I do. It's like all day, every day
it is something AI related somehow, right, whether it's in
our industry, whether it's something else. But almost every article,
go go to the front cover or go to the website,
(07:50):
you know WSJ for the Wall Street Journal or Bloomberg
or something. Majority of the articles on the homepage there's somehow,
some way AI related. So you're absolutely right, Dennis, it
is aware around us and that's why you know, we
love having you on on Mondays for the AI segment
because it is it's every single place around us. But
I want to get the reason I was asking how
long you've been or in technology because Dennis, you were
(08:12):
bringing up something earlier to me off the air in
regards to quantum computing, and Jason and I have just
we've really just scratched the surface on it, and I'll
be honest, I still don't have a really strong understanding.
But Sasha Nadella, the CEO of Microsoft last week, did
make some comments in the earnings call in regards to
you know, essentially I'm gonna paraphrase paraphrase this is the
(08:34):
next level. And Sam Maltman in an industury he also
talked about it. So you're gonna give us a little
bit of you and Jason can have a nerdy discussion
back and forth because like I said, I know enough
to be dangerous, but you want to bring that up
into the conversation. Also, as we're talking about new version
of chat gpt et cetera.
Speaker 1 (08:50):
Correct.
Speaker 4 (08:50):
Okay, yeah, all right.
Speaker 1 (08:51):
Perfect, Ja, I'm gonna turn the floor over to you.
Speaker 2 (08:53):
Go ahead, and let's get a brief market review out
of the way, and then we'll get over to the
AI subject with chat gpt is and is it worth it?
Speaker 3 (09:01):
Yeah, I think you touched on a lot of the
high level topics right in video a md uh. You know,
theoretically tariffs on chips sold into China. That was notable
over the weekend. You had, you know, some of the
fedheads Michelle Bowman making comments over the weekend where she
thought that as many as three rate cuts could be
appropriate this year. I think that provided for some buoyancy
(09:22):
in the market, right as we've sort of priced in
two her saying three. Given that her, you know, to
some extent being a Trump nominee, but also Waller and
the others, you know, the the it feels like the
next rate move for rates is clearly lower in the markets.
Responding to that, for sure, you know, tech did underperform today, right,
(09:45):
despite the fact that you had a lot of excitement,
probably because of in video weakness, AMD was slightly weak.
You saw the bout face. As far as Intel's CEO
is concerned. You know, Micron had at least some pretty
darn good numbers from what I I see that area.
I mean, you go look at some of the winners
to see the Western Digit, Seagate, Micron, those chip companies,
(10:07):
not the semis like you look at, but more so storage.
And they've had massive years kind of quietly under the
radar as all of this data needs to be digested
either through GPUs but just in memory in general. And
so a lot of these providers are in the I'd
say that the lens of investors for sure as they're
(10:28):
building out that allocation. And finally, I think the biggest
headline quickly is the Russia Ukraine, some of that back
and forth. I think the market's warming up to what
could potentially be a lower risk environment in general globally
if those three or two lower weverages.
Speaker 1 (10:44):
Lower risk with Ukraine Russia. In the same sentence, yeah.
Speaker 2 (10:47):
I know that's yeah, yeah statement there, but yeah, you're right.
Speaker 1 (10:51):
And in what Jason of course is referring to. We
had that news.
Speaker 2 (10:54):
It was good someone breaking news on Friday where the
president announced that he is meeting with Vladimir Putin on
this Friday in Alaska.
Speaker 1 (11:00):
Still trying to figure out.
Speaker 2 (11:01):
I guess that's a little hot, you know, little shipper
that yeah, yeah, machine or snow will be like, oh,
whatever they want to do. Maybe he'll was skiing or
something in the last the world leaders. And we still
don't know if Zelenski the of course the president of Ukraine,
if he's invited or not. Today they said Trump has
sol deciding whether he's inviting him after he decides to
(11:23):
give away part of this country that Russia has already
taken over. Yeah, yeah, party or not. But remember the
last time those two met, they they didn't get along.
Did you see that months ago when Zelensky was in
the White House and and Trump just bashed him, And
I was like.
Speaker 1 (11:44):
It could be in a very interesting meaning.
Speaker 2 (11:46):
And Trump even said today in his press conference, he goes,
I'm going to put the two of them in the
room and I'm going to walk out, and when I
come back, they're going to have a deal done, and
if not, I'm going to make the deal.
Speaker 4 (11:56):
For that.
Speaker 1 (11:59):
Was part of the things that we tell with today
as part of the today.
Speaker 2 (12:02):
But just real quick before we go to break, I
do want to mention back to your earlier point in
regards to you know, you're gonna have a lot of winners,
You're gonna have a lot of losers in the AI
space from an investing perspective. You know you see three
AI symbol A I mean, what a valuable stock symbol
that is, you know, just got killed today after giving
a poor guidance going for that stock had just been
on fire. But you know a little over twenty four
percent loss today, down five dollars and thirty eight cents
(12:24):
to sixteen seventy five. These these anything AI related all
the way up to the videos of the world. They
are absolutely priced for perfection, right and and they give
a little miss or the losses a little bit larger
than they want, or any type of you know thing
that is construed by Wall Street that you didn't hit,
you know, on all light sunders.
Speaker 1 (12:41):
They just take it out, They just take it out
to the woodshed. So exactly to your point.
Speaker 2 (12:46):
All right, So we come back, we'll hit what the
indicies did, We'll hit what the commodities did. Then we're
gonna get right into our topic, which again, why is
chad GPT five now worth it or is it worth it?
We'll let Dennis discuss that let's turned over to Christen Snow.
She is in the right now Joffick Center.
Speaker 1 (12:59):
Hello, christ.
Speaker 2 (13:05):
Welcome back to the John Sanchez Show on News Talk
seven eighty k, which with Jason Gone, of course, and
my brother, doctor Dennis Sanchez. Al Right, here's how we
finished up in a vultle session today at two hundred
and one point decline on the dow point four five percent.
I close this forty three thousand and ninety seventy five
now as I lost sixty four point three zero percent
SMP down sixteen or about point two six percent on
the oil front quiet twelve cent rise, sixty four dollars
(13:27):
a barrel tanked gold, mister Gaunt eighty six dollars and
thirty cent loss a three thousand and four to oh
four ninety an ounce down one basis point on the
tenure four to twenty seven. Briefly, tell the audience why
in the world did we sell off on gold today
like we did.
Speaker 3 (13:40):
Now, I mean, probably just more clarity around tariffs or not. Right,
are we going to tariffy? What gold bars are we tariffing?
You know, men dislike anything this area, As I mentioned,
I think it's the most over owned area in the
market is gold silver. Not to say that that makes
it go down, but the risk is to the downside.
Speaker 1 (13:58):
What was it Wednesday, Friday or something like that, You
warn that got the.
Speaker 3 (14:01):
Thirty five hundred. I you know, again, I think we're
range bound for a while, but I still feel like
the risk is lower, especially with a dollar that has
started to firm up, given you know, the relative interest rates,
et cetera. But yeah, it's it's it would be one
to keep an eye on, but I still think the
risk is lower and cool, Yeah.
Speaker 1 (14:20):
Very good.
Speaker 2 (14:21):
All right, We're gonna move over to our topic with
the doctor Sanchez. What is chat GPT five and is
it worth it? So then let's go into this area.
First of all, let's talk just the basics.
Speaker 1 (14:33):
All right.
Speaker 2 (14:33):
We had chat GPT four that many of us were
using now just last week.
Speaker 4 (14:39):
Yeah, yeah, long history.
Speaker 1 (14:40):
Long history.
Speaker 2 (14:41):
And now just what Thursday, Friday of last week they
announced this five. What is the big difference that we're
going to see as users of chat GPT four to
the five.
Speaker 4 (14:52):
Now, I think I'm going to look at it a
couple of different ways. One is it definitely h at
least the initial results of what people are saying, it's
a lot faster, and it works differently, I know, ten
times faster. Apparently in some situations, it's bridging the gap
(15:15):
between the old model, which is really just looking at
patterns of things and anticipating based on the patterns what
the answer is to actually teaching it to think current.
You know, check GPT before that doesn't think. Now we're
(15:35):
getting too thinking because it's it can actually reason and
rationalize more to the extent that it will take shortcuts
to get to the outcome and save time rather than
just methodically go through like the older versus step by
step by step, which is sometimes none of it was
really that valuable, but now it's actually it is a
(15:58):
deeper conversation because it is prompting you more too, and
getting much much deeper into the topic, which means it's
coming back to you and saying, well, how would you
like a you know, would you like a detailed study
of that topic, like a market looking at a market.
Speaker 2 (16:18):
So you brought up a key word there that Sam
Altman again the CEO of open I I'm sorry, I
said Chad GBT earlier. He's obviously the CEO of open
A what he said in that interview as mentioned, and
that is it's more of a conversational type of AI
versus four.
Speaker 1 (16:33):
Explain that well, actually.
Speaker 4 (16:37):
Even four is conversational if in fact you you take
the time to listen to it. Because even with four,
if you notice every time you you request, you know,
you prompted to do something, it's going to come back
and say, oh, by the way, would you like me
to create a white paper? That would you like me
to create a presentation? And I get a lot of
(16:59):
the same questions. It just takes me. I mean basically,
by the time you sit down, you have everything you
need that would have taken you a long time to do.
So you But but it's it's the type of conversation
I was playing with it over the weekend. It's it's
a little bit different. I mean, it is, as Sam
Altman really describes it, like having a PhD student researcher
(17:24):
is sitting in your room, which you know is pretty
pretty cool. But it is that kind of conversation. But
you know what the most important thing is it's free
chat GPT five is free. So I'm looking at what
the impact this has not only investors but society. We're
(17:48):
breaking down those barriers about technology that gives that favors
you know, one group over other group, because now you
have technology like that that's available, it's already in copilot
and like that, and you can anyone can have it,
and now you have access to all that knowledge.
Speaker 2 (18:05):
So I was going to tell you guys here at
the break, but I'm going to throw it out because
the ties right in what you're saying. So, folks, I
went on a webinar today because again Jason, I have
some incredible new plans we'll be sharing with you shortly.
But I went on this webinar today of a company
that I won't say what their name is, but they're
directed towards the legal, insurance and financial planning community and
(18:31):
for unfortunately a very steep price. So I don't think
it's up the value at this point. And you'll be
proud of me, both of you, that I brought ideas
to them that they didn't forget. This company's been having
this product for about five years. But there's three modules
you can buy us as advisors. One's a tax module,
the second is an estate planning module. The third is
(18:52):
a insurance module. Literally, folks, where this is going is
I'll use the tax one as an example. They showed
me a sample of this. You download, it's all confidential.
You can readact to clients names, et cetera. But you
input a ten to forty tax return, right you input,
it takes it about he did. It took less than
(19:13):
a minute, and it gave the most precise analytical review
of this person's tax return that you can imagine. It
broke it down into different segments. Here's your capital gains,
here's your effective tax rate, here's your income.
Speaker 1 (19:29):
Here's this.
Speaker 2 (19:30):
I mean about three pages, broken down very nicely in
little sections where you can look at this and go,
my god. I mean, trust me. I've had a lot
of CPAs over my term. And Dennis and I are
brother in law's a CPA, so I love him to death.
But I'll tell you what. I have never had a
CPA that says, okay, you know in three pages, here's
a summary of your tax return.
Speaker 1 (19:51):
Here's a summary of your tax strategies, et cetera.
Speaker 2 (19:53):
Again, this ain't AI generated. And then Jason went into
the estate planning mode thing you can download. A person's
estate plan goes through everything. And one complaint I've always
had with the state planning attorneys, they give you this,
you know, I mean my estate plan alone is I
don't know. I think I love one hundred and fifty
two hundred and ninety pages something like that. And I've
(20:16):
tried to explain to my kids who will be the
you know, the beneficiaries of the estate. Okay, if this happens,
you get this to da da da da. And it's
very difficult, right. This thing laid it out. Not only
did it analyze every aspect of the power of attorney,
the healthcare directives, every component of the living trust of
this person, but then it laid it out in a
beautiful flow chart. If dad dies, son gets this, daughter
(20:38):
gets this, wife gets this, business sided everything same thing
he put it in took less than a minute to do. So, Folks,
this is where the power of AI is coming in
on the business side of things. You will be You're
going to learn more about your personal financial life just
from this example going forward, due to AI than you've
ever seen before, Better than even the very best attorneys
(21:02):
or insurance people or CPAs could ever define you, because
it lays it out so crystal clear. I was, I
was impressed, But unfortunately, Jason, it's not for us. I
actually caught them. I'm like, you guys don't have this
and this and this, and you know on the state
side and on the tax side and everything else. I'm like,
you know what I said, how have you guys been
in business? It goes five years? And I'll take all
(21:23):
of your advice and take it back to the product
team and see what we can do. But you know,
everybody's learning, right, everybody's learning with AI and so on
and so forth. But the bottom line is, this is
where the future is going, folks. It's it's absolutely incredible.
Speaker 1 (21:36):
All right.
Speaker 2 (21:37):
With that said, let's turned over to Jack Saban. He's
got news traffic to weather. Ajack, Welcome back to the
John Sanchez Show on news Doc seven eighty ko HS
with Jason Gunt and my brother, doctor Dennis Sanchez, the
AI Doctor. Once again, we finished down two to one
on the Dow, lost sixty five on the NASDAK, kind
of sixteen point decline on the S and P five hundred.
All right, before we went to break, we just started
(21:57):
our discussion on what is at GPT five and again
is it worth it?
Speaker 4 (22:02):
So?
Speaker 2 (22:03):
Once again, as Dennis was indicating, it's a conversational type
of AI. And again for those of you that have
never used chat, GPT or anything similar to that, you know,
and I should say, we're not recommending chat GPT five
or four anything. We're just using this as an example
in the world of AI. Right, we're trying to every Monday,
as dnnis takes time out of his busy schedule to
join us. We're trying to just introduce you from an
(22:24):
investing standpoint and a real life standpoint, how important and
where things are going with AI. But you said Dennis
is more of a conversational What are some of the
other real big distinctions that you've seen with five versus
four for our audience to benefit.
Speaker 4 (22:38):
Them, It's uh, it really ridges a gap between there.
You've got your typical chat GPT four point zero and
I work with Copilot and that's copilot a lot, and
that's what Copilot is built on.
Speaker 1 (22:53):
I was gonna say, that's the chest, that's the large.
Speaker 4 (22:56):
Language model, that's what it's built on. They it came
out with an agent. We were talking about this, I
think a couple of weeks ago, A couple of weeks
ago or no, I'm sorry about six months ago something like.
Speaker 1 (23:12):
It's all big.
Speaker 4 (23:14):
Silicon valley on a cloudy day. The researcher is like
the high end where it's it showed that chat bet
could dig deep into and do much more than what
we anticipated. We're used to those quick answers and but
you know, you're talking about in seconds getting a thirty
(23:36):
forty page analysis of a market and things like that,
and you can your head starts to turn what I
noticed with with five chat GPT five it it does
a lot of that. It's and what it's able to
do is skip some steps that doesn't think are important.
That's where the thinking comes in and actually come back
to you with much more detail and a faster amount
(23:57):
of time. It's it's you have to look at all
of these versions as another step towards something, and that's
something is here every day. The future is here. I
just can't get over the fact that it's free. I
mean they think about it though it isn't a free
browser or something like that. It's what what can you do?
(24:20):
What can I do when we actually spend some time
have access to that knowledge and then actually listen and learn.
That's the collaboration part. So you know, what what would.
Speaker 2 (24:31):
That change my life. I've told you guys that, Yeah,
it changed my life.
Speaker 4 (24:36):
And that's and that is that is an area you're
you're demonstrating that you're developing a relationship with Ai, which
which is what was saying. That's exactly what he was
saying to friend. I actually tell my customers about you
with that story.
Speaker 2 (24:55):
Yeah, and again it is I mentioned before, I think
last week. It knows me so well now again it
it it. You know, I have a US Coast Guard
Captain's license. It'll call me Captain John if I ask
it a question about my charter business or I mean
it knows it knows the John Sanchez Show and knows
about the ranch. I mean, it knows everything because every
time I ask it a question or ask it for
(25:16):
advice and you know, how to do a business plan
on this or something, it remembers and it's it'll come
back in the So what I've learned, the more you
use it, the more it gets to.
Speaker 1 (25:27):
Know you, the more it can help the right.
Speaker 2 (25:29):
Yeah, and that's the scary part is you you really
start to become reliant upon it, because Jason, I'll be honest,
you have struck me in many of our conversations not
on air. Of course, you have some hesitancy. You're you're
not as is as excited about AI as I am.
You you have some hesitancy, and I think it's fair
for you to say what you don't like about AI
(25:50):
and your hesitancy. As far as kind of changing mankind
in a way.
Speaker 1 (25:55):
Uh.
Speaker 3 (25:57):
I like the search functionality for it, right, I like
the ability to build things with it. Uh, sort of
as you were saying that, I do have some concerns
about you know, like Dennis said, and we've pointed out before,
if you're not paying for something, you are the product, right,
So they are learning you and your behaviors and what
you want and how you interact with it. And you know,
(26:19):
ultimately all of us get type cast to some extent
as to you know, what type of user we are.
And then from an old school meta Facebook standpoint of
you know, targeted advertising, and it's just getting infinitely more
direct and more I would say intersonal, yeah, personal, right,
(26:41):
and again uh, you know, uh, you know, I'm very
much technology front footed.
Speaker 4 (26:46):
I embrace it.
Speaker 3 (26:48):
But I'm not going out of my way to log
in and give it my name and talk to it
and stuff and I'm not anyone can. It's totally up
to you. It's just that's probably what I you know,
geek out a little bit. Is you know what is
the end goal?
Speaker 4 (27:03):
Right?
Speaker 1 (27:03):
Is you know.
Speaker 3 (27:06):
Where it all goes?
Speaker 4 (27:07):
Right?
Speaker 3 (27:07):
And and again.
Speaker 1 (27:08):
The utopian idea, right?
Speaker 4 (27:10):
Yeah?
Speaker 1 (27:10):
I mean why do right?
Speaker 3 (27:13):
I mean we were joking about the fact that, you know,
it's the nerds that are building all this who are
most likely the ones who watched you know, two thousand
and one and all these end of you know, the
end of civilization videos, And I'm like, wait, you're building
this thing, you know, like, what's uh? And I again,
I'm not trying to be you know, scared of it,
(27:33):
but it's just more of you know, where does it go?
I think longer term, I'll invest the heck out of
the companies and you know, identify all the places to
try to make money out of it. But am I
going to open up my life to it and tell
it everything about myself?
Speaker 4 (27:48):
Probably not anytimes.
Speaker 1 (27:49):
Definite.
Speaker 4 (27:50):
You bring up a really good point. I want to
ask you both. So you've got investors out there, you're
talking to them, they're asking questions about it. You have
all this hype, and you have. You know, it's going
to be in the news every day everybody. You know,
it's hard not to see the winds and the amount
of money some people and some people are making. They're
(28:11):
just they're not seeing the whole picture. But how do
you how do you mitigate the risk for somebody who's
so ready to jump in full force with AI and
you know, and calm them down a little bit and
bring them along.
Speaker 2 (28:28):
One another asset quote category for classifying AI's acid category,
and that is crypto, right, because it's the same feeding
fringy right jation that we hear sure with AI, it's
also on the crypto, So we'll kind of I just
want to separate that crypto out of that.
Speaker 1 (28:43):
But let's take this break. That's an excellent question, bro.
Speaker 2 (28:45):
We'll hit that when we come back, because yeah, that's
something Jason I deal with every single day. So great one.
We'll touch on that. Let's wrop it up with Christen Stow.
She's in the right now Trump Fic Center. Hello, Christen,
Welcome back to the John Sanchez Show on News Talk
seven eighty K, which with Jason Ghe and my brother,
doctor Dennis Sanchez, the AI doctor. All right, just you
(29:07):
you threw a great question at us before we went
to break creatorate it one more time.
Speaker 4 (29:11):
That's okay, I figured it out. No, it's it's a
it's a question that's really occupying my mind right now.
I'm putting myself in your shoes, your professionals, and you've
got you've got an audience out there that's that's hungry
for the AI information. We can't you can't escape it.
(29:31):
It's everywhere. Every every look at my phone, I look
at the TV. It's hard not to see something. So
I'm if I'm one of those people I'm excited about
investing in ANYI and I have, I've done that, And
but how do I how do you work with people
like that and and and educate them and help them
(29:51):
understand the risk and the opportunity and what's the difference
between somebody just going out and doing it on their own.
Speaker 1 (29:57):
Sure, sure, I'll go first, Ade, and you're right right
there with me.
Speaker 2 (30:02):
It's like again, I think we're going to see AI
from a PORTFOLIOCID allocation standpoint. It will almost become again
an asset category of itself. Right, So we as advisors
for this YEARIES, we must make sure that our clients
don't take a unnecessary amount of risk.
Speaker 4 (30:18):
Right.
Speaker 2 (30:18):
If we have a client that comes to us that says, hey,
I've got, you know, half a million bucks and I
want you to put it all into the video, We're
not gonna do it. You may want to do it,
you can go to somewhere else, but we're not going
to do it. That's we cannot do that, right, so
we are going to use it. We are as techy
and as optimistic about the tech future as anybody, probably
(30:39):
even more. And hence while we have you on the
show every Monday, so but we first and foremost we
have to look out for our clients because human nature
is man. I hear every day that a video is
going through the roof, or crypto's going through the roof,
whatever the case is, and everybody wants to jump right
in there. Sometimes they're right, but a lot of times
they're wrong. Back to Jason's point at the beginning of
the show, we've all we all all three of us
lived through the dot com bust. Right, Everything was great,
(31:00):
everything was perfect, nothing was ever going to go down.
Speaker 1 (31:02):
I'm going to retire at fifty two years old, and
then boom, one thing happens. Greenspan makes a couple comments
and we're at you know.
Speaker 2 (31:07):
The world collapses, the stock market collapses, so we just again,
we don't look at it any different. To answer your question,
we don't look at it any different than any other
asset category. Our job is to make sure we know
what our client's goals are, their risk tolerance, their time horizons,
all the things that we must know about them. Hence,
you know, know the client rule. And then we create
our portfolio and tech absolutely will be a part of it,
but we will never ever ever allow a client to
(31:30):
dominate the portfolio with tech. Again, if they want to
do that, they can go somewhere else, but we legally
cannot do that.
Speaker 3 (31:35):
Jason, Yeah, No, I mean, and again, if you own
the S and P five hundred thirty five percent of
your portfolio, if your benchmark is in Internet, information technology
right ten point three percent consumer discretionary, so you know,
forty plus percent of your portfolio, just if your S
and P benchmark is allocated to I mean consumer discretionaries
(31:56):
basically Amazon and Tesla right, information technology heavily skewed towards
Microsoft and video Google, you know, the big, big, big
companies so everyone's there. It's more of how do we
earn our stripes? Is diversifying outside of the standard you know,
a large cap us allocation and you know, again going
back to my comment earlier, I think we were offline.
Speaker 4 (32:19):
Maybe we weren't they all blend together.
Speaker 3 (32:22):
Is someone who you know says I should just own
the S and P five hundred and put it away
just a low cost ETF, which I would say, yes,
I think that makes a ton of sense. However, you're
not going to keep that allocation forever. You will pivot,
you will make changes at the opportunity.
Speaker 1 (32:40):
Area. But that's where if you have.
Speaker 3 (32:42):
A diversified portfolio, not everything is going up together, right
I I get equally as concerned when a portfolio is
doing really really well when everything's working, because I get
worried of sort of correlation risk in that darn it,
when things turn, every thing will go down together, and
I don't like that. I prefer when up that's working,
(33:04):
that's not that is, that isn't uh. I want to
make money over time and not put ourselves in a
spot where you have too much concentration. And that's what
you tend to see from self directed portfolios. Is a
lot of concentration and that you know, Yes, I'm killing it. Okay,
call me later, right, and so that's again, it's a
(33:25):
it's a tougher conversation, uh, you know, but that's what
we're here for.
Speaker 2 (33:29):
Yeah, absolutely, all right, seconds, I'm sorry, guys, we got sorry,
we need more time.
Speaker 3 (33:36):
Thank you.
Speaker 2 (33:37):
I appreciate it, Doctor Sanchez, Thank you man. We look
forward to this Monday segment every single week with you.
A great job as always, Thank you so much. Jason,
excellent job as always. There's the two tech gurus right there.
All right, we'll do it again tomorrow, Chez God. Let's
have a great afternoon. This program was sponsored by Sanchez
gone To Capital Management LLC. The material in this program
was intended as general information only and should not be
(34:00):
in its specific investment, tax or legal advice. None of
the information on this broadcast was intended to be a
solicitation for the purchase or sale of any security. Further
information is available by contacting John at Sanchez Gaunt dot
com or seven seven five eight hundred one eight oh one.
John Sanchez offers securities and advisory services through Independent Financial
(34:20):
Group LLC, a registered broker Dealer and Investment Advisor member
FINRA SIPC securities.
Speaker 1 (34:26):
Offered only in States.
Speaker 2 (34:27):
John Sanchez is registered in Sanchez Gaunt Capital Management LLC.
Speaker 1 (34:32):
In Independent Financial Group LLC are unaffiliated entities.
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