but they're up and down motions through the fiat wallet and so they actually have a regulated platform through the cftc now we just need the sec on board right now both of you guys are at crypto.com and obviously there's been some major issues with benance having some issues and coinbase having some issues with the sec do either of you guys have any concerns about crypto.com having issues with the sec no i'll let her go first i do due to the fact that we're trading some of the what they called securities are classified as securities so they're still listed i mean we have binance listed on crypto.com even though crypto.com isn't listed on binance but we do have more regulatory factors we have we're accepted in more countries than binance we have regulatory power or operating power and licensed to operate in more countries and while binance was you know just buying up companies this entire bear season or trying to make them go banker up like fTC and voyager crypto.com was quietly working on securities and getting approved in multiple countries and working on their banks just like when binance lost their banking in like nigeria we were working on getting banking authorities in australia so you know one goes down another one goes up and we'll continue to see that but with the securities being traded back and forth i mean the sec you know gary at the top i see us potentially being at risk just as much as the others how about you blaze you think that this will be in the crypto.com i'm not worried about it because they turned around and made a deal with uh binance keep you know our funds in the states right so crypto.com is way more transparent than binance's and so if they made a deal with binance name bothering them about the other tokens right so i don't think they're gonna bother crypto.com all right we're pretty transparent and our people pay taxes through crypto.com when they cash out 100% so let's let's look at the real quickly i just want to look at the price of bitcoin so we're looking at bitcoin right now at 30,585 now it's been a really good year for bitcoin and crypto it's been a really good year for stocks we're gonna talk about that we're halfway through the year today is july the first this is the first day of the second half of the year and in the first half of the year we've seen bitcoin go up like 80 to 90 percent we've seen a lot of stocks go up and a lot of them are trading at all time highs right now what do you guys anticipate is gonna happen with bitcoin in the second half of 2023 do you guys have any predictions we'll start with you earl um with bitcoin itself i have a prediction that you know it could visit up to the 45 thousand dollar range however with uh the current market macro strategy going on with europe um and potentially germany and multiple countries actually filing or going through a recession uh and paris being on lockdown currently with their uh buses being closed down at nine and riots going on there on a global stage things still heating up in russia and ukraine and now belarus provided in sanctuary kind of sort of uh for the Wagner group and then the us also being predicted to maybe potentially have a slight recession here at the end of quarter two uh it could negatively affect us and you know in crypto especially with bitcoin uh might potentially visit back down to the 22 to 25 thousand dollar range you know it could go up and then back down so okay how about you blaze what's your prediction for bitcoin probably going on another downward spiral for a while but not like that low um but i really think it's not going to struggle because more people are relying on bitcoin than um any other time uh more countries are going to be getting into it uh people are going to actually you know use bitcoin as their national currency so i don't think any of this stuff going on right now is going to affect crypto i think everybody was really scared about the binance scare you know upwards viral but what url said is very true you got worldwide news going on like that that's going to push a lot of people back you know but the big investors are going to take it low and bring it back up high well i personally think that bitcoin's going to continue this momentum i think this momentum is really growing and i personally feel like there's a very good chance we could see bitcoin get that back to that like 40 000 mark um yeah it's pretty much what url was saying i think url said 45 i really believe we could see that 40 000 mark 39 000 is where elan musk bought a large amount of bitcoin i think that that's a very key area of resistance if we can get past that 30 000 mark i think we could even see maybe as much as 50 000 by the end of this year but my real prediction is that we're going to see an all-time high by november of 2025 so whatever happens between now and then i think there will be some volatility but i do believe we're going to see a lot of momentum in bitcoin over the next two two and a half years and there's going to be a lot of opportunity for investors to benefit from the price action in bitcoin i know for me personally i'm a holder full disclosure of bitcoin and ethereum i don't even really trade it i just accumulate it if it dips i try to accumulate more and my plan is not to really even sell any bitcoin until it gets back to an all-time high which i anticipate will happen in 2025 but who knows if things go crazy we might even see an all-time high this year do any of you guys think there's a possibility that we could be like 70 000 this year i think that's even a chance it depends on whether we have that institutional money move in i mean especially with some of the other topics that we're going to discuss i mean look at bricks you know 10 more countries just joined the brick system so you know it's it's going to be hard to tell as they push the dollars around around the world and which currencies they adopt so now there's also been a lot of other moves a lot of other moves in crypto this week we've seen lightcoin have a really nice move i don't know you guys been taking advantage of any of those moves that are happening in the market bitcoin cash i took a move on yes bitcoin cash huge i'm all over that because that is not a dead token me and earl were talking about that a couple years ago we've always kept it on our radar i think earl was more interested in it than i was at one point he was always talking to me about it he's like don't forget about these ones you know but um yeah as far as the bitcoin question i'm a hundred percent thinking on the question of do i think it can max out at a good number this year november we'll tell you yeah i think right before christmas and let all these bricks countries do what they want to do because at the end of the day they're going to be investing in the same thing as us in america a hundred percent i'm not worried about them they're just going to make us stronger let's talk about this news that i have on the screen right now elan musk versus mark zuckerberg and they want to fight in the coliseum in what they want to fight in the coliseum in italy like real life glad oh my god like the old gladiators yeah they literally want to fight in the coliseum in italy like real life gladiators what do you guys think about this i think it's going to be a spectacle for everyone to see i mean which channels are going to you know televised this is going to be on cable network satellite network am i going to have to pay pay per view for this bad boy you know what's what's the uh kind of camera we're going to be looking at is going to be translated into english at least you know and uh is it going to be live on twitter or facebook it's going to be live on both those are great questions and it's a sales pitch go ahead blaze go ahead it's a sales pitch now to me they want to go to a coliseum i mean come on mma was making sense to me well okay so the ufc has already come out and said they will they will host this fight yeah they're gonna host it but this is bro this is they're in cahoots okay me and earl can do the same thing we have two big business i'm well blazing earl gonna play everybody's be like what these guys are good friends mark and in elon aren't good friends but they both own multi billion dollar businesses okay yep this will spark both of their names even though their names are everywhere but people that didn't even know about these guys gonna know about yep okay i don't think anyone likes mark zucky sucky over there you know it's just a question can i get you guys maybe dortsky does who would win who would win earl i think elon's gonna have it on the weight advantage because i mean you know mark's a very light guy but he's got that reach i think you don't have a height advantage um so i mean it depends on how exactly they're gonna do it hand to hand are they gonna be you know shield and sword like they were back in the air they're gonna be chariots yeah you know we need we need to we need the down low on what exactly they're planning here are they gonna be jumping from hot weather balloons i mean we don't know right and i'll tell you rich you know this is a it's messy to me now like these guys they know what they're doing elon muskwood really in the real world do the walrus on them flop on them and keep them on the ground till he suffocates very easy but if mark gets into the martial arts and does kick him in the face a couple he'd probably knock him out yeah i don't care how big you are you know guys that are five seven five eight that are trained could put down the six foot guy no problem a great thing about elon is i mean he has that mental disability but he's always smiling because of it so even while he's getting his butt kicked he'll be smiling he'll still look like he's okay so the the ruffle never know when it's time to give up all right you know i must buy a milestone with the walrus let's move on to the next topic so okay so the next topic i want to talk about is uh chat gpt or some would call it open ai i want to go to their website i want to show you guys their website and this is kind of started to take over the world here there are people literally making millions of dollars from chat gpt there's people starting new businesses with chat gpt there's people that are learning about the benefits of chat gpt what do you guys think is going to come out of this is chat gpt and artificial intelligence and started with open ai this is the website that started it all is this safe for humanity love to know your opinion what do you think eril start with you i think that uh humanity will be completely safe i mean with robots and ai taken over with everything i mean we're trying to move progressively further forward where a human race doesn't have to work they can more creatively create things but the scary part is that you know the ai is using part of that creativity on some of these images they're using um and what they're creating is just comes from a data source so you know we have to figure out whether that data source that's being programmed with is accurate and then whether it's being uh plagiarized or fed in and then secondarily whether it's all going to be fed in through like propaganda because let's say you know russia gets their hands on it and feeds out a bunch of propaganda with ai who's to say that that isn't going to be one of the sources that we're getting our information from with russian disinformation i think um to be honest with you it's not going to affect human okay it's going to enhance us i use it all the time i love it and i back it up and don't worry about it kids can't really use it um homeschooling and cheating because there's another program out that literally tracks if you're using it so that's the only thing that most parents will worry about you know i mean but we always have our new news out there that like to learn how to make illegal things and ask questions they also have blocks on a lot of that stuff but um if it gets into the wrong hands yeah it could cause problems anything could so 2023 has been the year of chat gpt and the year of artificial intelligence so far do you think that the other half the second half of 2023 will be the same or do you think that this bubble is burst and it's over we'll start with you or what's your opinion on that for the second half of 2023 as i definitely continue i mean we looked at a rise in the uh sip 500 due to a video you know and saying that there was a huge demand for it and then all the ai crypto we've exploded i mean we're currently working on more infrastructure on ai as ai continues to build itself up you know that's going to be a day where we don't have to worry about it no more but you know with some of these infrastructure things just getting started i mean you have several tokens that we've moved in uh let's say singularity you know which is backed with cardano you have uh open ai which might be you know set up where you can get information from when it's actually fully connected to the internet but then you have safeguards built in there you know like ai right which is one of the new platform tokens that are coming out it's going to be like an nft marketplace but the great thing about it you know that you're looking at is the use of artificial intelligence to actually scan every single nft that comes through and tell you whether it's been copyrighted so you won't have as much majorism going on and it's going to be completely safe uh for you to list your nfts on there plus create your nfts on there with artificial intelligence but always do your own research it's not fun at all ai QR codes all going to be mixed together police cars are going to have ai attached built into it and your own vehicles i think ai gets bigger it's just the beginning which is a tiny little seed right now in the trees about to come i agree with you i think that we're going to see a lot more this is puny right now i think this is just the start for ai in my opinion i feel like ai is just literally in the first inning and most people still don't know how to use it like for example this website when i talk to people about this website 99 percent of people have never used this website so i want to show you guys how simple it is to use so you go to open ai.com you go to login if you have an account which i do so you hit login right and then you log in and i'm not going to show you guys my account and stuff but it's really really simple it's really really simple and how it works you literally hit login once your account set up and then you type in almost anything like for example when i was thinking about different names for this show i said come up with a name for a stock and crypto show and it came up with the bull and bear show i liked it i used the name so it's a great example of how you can use it you can use it for almost anything as just like another brain to bounce ideas off you know and i think it's absolutely brilliant now can kids use it for for you know uh their homework and could it potentially negatively yes so that's something as parents we need to be careful that kids are not using well they got they got a system called turnt in so if they try to write essays through chat gpt it detects it right away oh wow that's great it's intertwined because we tested it with the school i helped them test it so i know for a fact that um turnt in uh will bust it will bust you 100 so it's not going to affect anything like that what is good for if a kid is stuck on a subject they can ask it questions about the subject read about it a lot quicker than google does and flip into a book it's teaching them what they're looking for and then they can put it in their own words that is not cheating so amanda says ai is making people easier influenced than governments ever did people suddenly stopped critical thinking and then she says however i'm invested in a few ai stocks so i'm here for the ride watching humanity fail oh um damn that's pretty bleak i mean it's a pretty bleak uh i mean that's why is that you can get more into the critical thinking because i mean it puts the world at your voice and rather than your fingertips you know you can use the voice command but you know you can get more down to what you're actually seeking so most people in the world do not know how to run an official query on a search engine to give what they want they don't know what to type in to find exactly what they want and most people give up or just get a little splash of the information that they need that's on a page of let's use right so they don't know where to go to look for it and don't know what to do so the actual chat gpt you can ask actually asks for sources or if it gives you an issue you know where you ask it what's better a banana sandwich or a tomato sandwich and it gives you the reason you can ask it well why and then well why this and why that and why this so it gets you more down into where you can ask the critical thinking questions and get to the result that you actually want so in my opinion i'm a critical thinker it's never going to take that away from me it's only going to enhance my thinking and the answer to matter sandwiches are always better than a banana sandwich all day any day let's take off a banana sandwich but honestly at the end of the day i this the thing that's going to ruin people is like good songwriters there's a lot of good song writers out there that actually they hit what they call a wall and their mind goes blank okay suddenly from god's max up a day a couple times thank god he wrote a book of songs when he was younger to back him up to make the last three albums get what i mean but with chat gbt you could say a little bit about rich about his history his family and put it in and say can you develop a song create a song for me with this information it will do it it will do it so sorry i gotta let my cat so amanda saying that chat gpt will answer you based on influenced results influential results influence it out every day though i do influence results like she believes that chat gpt is going to give you an answer that has been influenced by the elite for example and they're gonna treat they're gonna train chat gpt they ain't gonna fool me in her i'm telling you right now that's what i'm saying so i mean i've never even thought about that actually i thought that the machine would just answer the best answer but maybe there will be a little bit of that's what i was saying with you know it the russian disinformation propaganda machine you know if it's used right you know in their country guys think about it they do that with the news anyways because the average person does not think properly and listens to everything they're told without doing their own investigation okay so just because chat chat gpt tells me to do some we've done it one night on my broadcast we're like yeah okay we're not agreeing with that there's some things that you're not going to agree on it's only to enhance your own thoughts all right you could tell if you're being led into something and like i said a good 80 percent of the public don't know any better to double check things they're just gonna listen to what they have and believe what they have and people go to stop doing that i mean you know it goes into things like you know rich when he typed it in you know the better name might have been the bear the bowl in the beer show rather than the bear show so well you never know where the hundred percent no you're right so let's go into the next topic here because this is another interesting topic that uh that i have on the screen i don't want to discredit me and i'm sorry about that but i'm not discrediting her opinion oh no of course not supreme court strikes down biden student loan forgiveness plan so i'm canadian i'm really out of this discussion um and i really don't know how i feel about it but i'd like to know what you guys think as americans as taxpayers we'll start with you earl what do you think about this supreme court striking down biden's 400 billion dollar student loan forgiveness plan essentially he said he was going to forgive all these students on their loans and now it's been tricking down so it's no longer happening so all these students are panicking now because they thought that their loans would be forgiven and now they got to come up with you know 20,000 30,000 50,000 100,000 200,000 each and it's creating a lot of stress and it's one of the biggest topics in america right now so what do you think about this earl i think the supreme court dealt them a hand of life you know lessons there or they can learn that you know don't count your chickens till they're hatched and nothing ever comes free you know especially education you know you're paying for a one-way or you're sacrificing for it or coming off the pocket um so you know when he introduced it it was crazy and ridiculous that we're going to come out of our own pockets to pay for people you know who are trying to better their life and you know education is great and grand and all and free in most countries but here in america our education system is even worth the money that most people have already spent on it anyway you know compared to other countries so i don't agree with us paying their debts you know that they've already incurred let's spend money and just pay off our debt ceiling you know and go from there or make education more free but unregulated by the government my opinion i think they shouldn't have opened up with everything's free it should have been with a forgiveness on partial lake where we should help them out a little bit because that's our future in second of our world they're giving billions of dollars to people to fight out of our neighborhood so it irritates me that they can sign a bill and send a ton of money over to another country where they're banking it because they already have weapons and everything they need but you don't want to help your own kids that's what tickles me wrong so you know what as a kid if you tell me something i'm i'm i'm believing my country's got my back and now they shoot it in the foot you know how many students i've been hearing out at the beach everywhere i go these kids uh it's not good it's not good they need to fix something they need to help and like girl said the money they're spending on education to get now they're getting ripped off the better off is that how much money has the united states sent to the ukraine huh but you're willing to send money to the ukraine but you're not willing to send and invest in your own people and your own kids never mind people that doesn't seem right the future politics in canada like canada's sending money out to the ukraine but they're not giving any loan for giving us to students here it's ridiculous so you're willing to throw money into other countries to help other people suffering in other countries why you're not willing to give back a little bit to your own country especially when you're considering the fact that you're just printing the money and then the other thing that biden brought up which i actually thought was a good point biden made a comment he's like well it's okay for all these rich people to get massive billion dollar tax breaks but we're not going to give the kids a tax break we're not going to give the kids a break when they're the future doctors teachers lawyers dentists of america we're not going to give them a break well they should have filed they should have filed for federal financial aid if they wanted to hand out from the government rather than taking out student loans from some bank or you know some financial organization well the problem is zero is that the government united states america bills out banks on everything exactly but i mean you know if they would if they you know back on the day back in the 60 70s and 80s 90s you know there was financial aid through the government you could you know you can take your time and fill out the paperwork who's who's taking out an 80 thousand dollar loan to go through college to get a 60 thousand dollar a year job good question i think with great grade showing good academics good track record they need to qualify kids that are really trying should be able to apply and get what biden's offering so they need to tweak it a little bit which he's probably going to and they're going to bring it back in and something's going to be done for the kids that are actually doing the right thing i mean supreme court they all they do you know is tell you whether it's not or not you know they don't make law they said it's not constitutional correct it's not it's not it's not no no it's not written into the caution of america that education should be paid for that no but it is therefore the constitution it is our duty that's not the supreme court yeah but it's not written directly but it is our duty to pass on information to people that you know like kids like you have to teach you have to push things well everything you know your knowledge should be shared that is your duty as an american your duty but it's not written in the constitution so it's not under the privy of the supreme court but here's a problem right here's a problem they're going around giving people uh twenty five hundred bucks fifty two hundred dollars for the medicare uh whoever don't have medicare uh break and people out there buying food with it and then bragging about and stuff look at all this money we're dumping into caviar and free plant flame rides you know i mean look they're cut down on their on their on their grub hub and uh all the stuff they like to do around the world you know these little little things they do in america here you know the money should go into kids the future man because if the kids don't know any better we're in trouble we're in a lot of trouble spend money on the future or fix on your past mistakes don't spend your generation as a 35 year old man your generation after that that's it bro you are the youngest generation that actually has focused on the on the future like anybody like in the 20s and 25 we're in trouble they're not getting what what we knew that we're not learning you know i mean all the gaming they're doing nowadays like when you were a kid the gaming was uh not not like it is now but with games going on and all this uh uh technology and stuff dude at the end of the day every country is in trouble canada usa i don't care where you uh we need to keep kids focused on school because then they're gonna look for other ways to make money you're gonna have a bunch that goes down to parenting number 101 you know keeping kids away from the games as much as you put them on education so you know what kids are doing for work right now there's social media that's it college is gone chat gpt takes over and social media pretty soon all these big colleges are gonna go down and they're gonna have 10 to 20 people in there yet yeah that's what i said you know hey i don't take over and it's all gonna be great so you apparently they're paying they're gonna be paying kids to play grand theft off yeah yeah they're paying kids play games so look at the end of the day it is a digital world techno technological world okay colleges we you can do college at home you don't even need to go to florida state at florida you you know i mean you don't need to go anywhere boston college anywhere because they're making it so happy these kids are paying for this stuff and the prices are so high they can't even support themselves uh to defeat themselves let alone get a dorm you know so oh now you you got a big build to go to college they're gonna kids are gonna go the other way i'm telling you social media flood um that's it man things are gonna change and it's gonna change rapidly as each year goes by it's gonna be like 10 years going by when we were kids rich okay real quickly because i want to stay uh on topic and we have some more things i want to discuss but that's a very controversial issue we should recap that next week yeah and we'll continue to stay on top of that and see what happens because i know biden's gonna continue to push to see if he can make something happen there so the next thing i want to talk about is the sec's restriction and rejection of bitcoin spot ETFs uh which initially it looked like uh uh a lot of these bitcoin spot ETFs with black rock and fidelity were going to get approved and then it looked as though sec now this week came out and said that they were rejecting some of the paperwork and now those those institutions have come back and said that they've refiled the paperwork and resubmitted with the sec so what do you guys think about this you guys think this is going to be a speed bump do you think that they will not get approved do you guys expect the sec to approve these bitcoin spot ETFs or we'll start with you well i think gary genzler just saw bitcoin you know blast all the way up along with other cryptos having a huge rally this week and uh he had to just say something to try to drive it back down you know try to declare his spot you know we don't know exactly whether it was actual paperwork wasn't properly filled out you know or they didn't fill it out at all because you know it's fidelity and black rocks you know and they're like hey here's our name just to prove it's immediately you know but if they're truly serious about it they're going to go ahead and refile the paperwork and get it done you know and then we'll see what goes on with gary genzler with uh congress you know so i don't i don't view it impacted us very much the uh profit marginal holds that are going on should be being that were just profit orders so you know dip today that might have been part of that of them being released and then as you see it recovered nicely today so yeah what do you think uh blaze um what do you think about the news i like what you used when you said in the beginning of the speed bump um speed bump bro look they they have half butted we all know what i mean by that i don't want to swear on the rich's life so they they have butted the paperwork okay they threw it in there just a plant to seed okay they knew they were going to get rejected right away now they're going to pay they're going to pay more money to upgrade the real you know um paperwork that's going to go through and then if they reject that then they're going to go even deeper okay because when black rock wants something they're going to go for it and they're going to keep on hounding and then eventually you're going to have uh chase bank involved bank of america everybody's going to do it they're going to last week there was 27.8 trillion dollars offered for spot markets onto the etf of bitcoin 27.8 trillion dollars you know i mean that's a lot of tax money in the future so scc is eventually going to get hit up by the government and say what are you doing you're taking away our funds and black rock has a 575 to one record with filing for products with the securities and exchange commission correct so only one time in their history have they been rejected by the securities and exchange commission look they're going to get rejected they're going to reject it until the guy that's running the scc gets uh released well the beautiful part is whether they reject it or accept it they have to recognize it as a actual viable asset because you have to recognize it as an asset because it can't be purchased and it can't be denied if it's not an asset right correct yep good point bro amanda thinks it's just a distraction yeah it's just a speed bump amanda that's it it's just a little you're driving down the road they're just trying to slow everything down so that they can find a way to like you said tax it better control it better it the paperwork is for me too rich it wasn't strong paperwork yeah they just threw it in like you said i agree with what you said they threw it in just to kind of get a little put their feet in the water get a little taste to see what the real lawyers and educated people are gonna write the real papers and you know scc is gonna have a problem saying no to what they're gonna do it's gonna generate trillions of dollars but they're not invested yet correct let's get into the next topic here which i think is a very interesting one for you guys especially in america the fed now and digital currency is open today july 1st today is the first day of fed now now what do you guys think about this is this something that you guys are welcoming with open arms is this something that you're not excited about is this something that you need to learn more about uh we'll start with you url what do you think about fed now and the digital currency in america horrible horrible horrible wow all right because taking away decentralization right well let's take away decentralization i'm up with the uh cbdc for america because it's currency who's to say we can even transfer currency out of i'm saying i'll send my girl over in four thousanders a month and currency where she's going to go down and right so you're going to run into issues you know where crypto is going to fill in those s and it's not going to be through the cbdc you know governing you know hoops of trying to get into the crypto market their own way where they think it's because it has you know you know it it doesn't matter if you want a good product it's not going to set and have no problem with them digitalizing currencies is just give a form where we can actually do it and don't restrict us on what we can do with it what do you think i think it's a joke because like girls said the product i mean but at the end of the day the united states um they're going to try and get their nose into everything of course our government does that but it's just the first step to digitalizing the american currency like i've been saying for the past two years so i'm mixed i'm mixed in between like i have a mixed feeling about it is it our first step to go digital because i'd rather have the us dollar be digital you know i'd rather not have paper currency so i'm up in the air about all the projects but i don't like how they put in the foot in the door with this one because technically just because like you said it has a us stamp on it doesn't mean it's sellable or marketable it's funny because they're saying the fed now is not a cbdc digital currency so i'm trying to understand what exactly is it that it's a digital asset that's what i was on the understanding but um it sounds like just a place for people to get a good distance let's say you get your food stamps or yourself security and most people don't have bank accounts it's just a place for them to get something and be able to spend it i mean pretty much that's what it is at this point you might be able to transfer funds back and forth between people who actually have an account like hash out and it might be able to who's to say that they're not going to just pass that as a currency money and then just tax you from there because they can already into the system so it's just them trying to get their feet into everything without knowing what they're doing and you know america's capitalistic country let the capitalism america into the digital market and try to regulate it at the very least we have to recognize that currencies are going digital just give us something we work on and let capitalism work its magic don't regulate the beginning i still think it's uh it's a little Ponzi scheme to get their foot in the door for cryptocurrency i mean digital currency it sounds like they're trying to say that they're trying to say that some of the advantages are they can receive money immediately you don't have to wait one to three days it sounds like just like crypto assets guys because they're running it on the ripple network that's why they're running it on it because they don't want us on it so they're shut there so the sec is in a lawsuit with ripple and while the sec is in a lawsuit with ripple fed now comes out essentially doing what ripple was doing using the ripple network despite the fact that the sec is in a lawsuit with ripple that's called stealing somebody how crazy is that because it's such a good idea rich ripple such a good idea it's still your way we can steal it ripple is not available in the u.s but yet the the sec but the united states is using ripple for fed now that's what i'm saying they're the only ones that want to be able to use it wow not us unbelievable because we'll capitalize it's a practice for the cdc they don't want us to capitalize on something that we're already going to be capitalizing or people that may be capitalizing on you get what i mean here's a um officially as of this week has passed 200,000 transactions on the car for a fifth of the price so it's going to be i agree and the thing is if they're going to only implement it as like a part-time thing i just don't see how it's going to be successful you remember the old locomotive train and now japan's got them trains i go what hundreds of miles an hour that's how far the us is behind with this fed now to crypto ideas and in fast transactions and safer ones you know what i mean see what it looks like to me what they're going to do i'm thinking about this a lot i'm thinking okay they're probably going to use it as a way whenever they're sending you money from the government they just send it right into your account they're going to use that as a way for like single moms you know they give money to single moms like you said like someone that's on um welfare they're going to send it to you through you know your well instead of getting a welfare check they'll send it right into your account so you don't have to wait one to three days it feels like this is what they're going to do they're going to use it as a test for all the people that are receiving government money they're going to send it to you through fed now digitally and they're going to test it that you know why rich and why because social security ebt and stuff like that government funds to that they give cash it costs them a lot of money in bank fees okay a lot that's right right like years of money through the state to pay your house idea is going to save billions of dollars american tax payers money that's like a bow but they're doing it wrong yeah they're wrong completely right just to make you know how to regulate sit back and let it run on its core and then they come in to try to actually make you money so they can make money start regularly and try to make and they're just not that they're trying to jump through hoops to get ahead of something that they're all right let's continue on with the next topic that I want to I want to bring up did you have something you want to say please no I was just saying I agree with Earl it's you know this is the stuff we talk about a lot and we haven't really been conversating about many things in the past month or so but this is a this is a good good strike Earl I like I like your info there bro what do you guys think about this there's a gentleman named David Hunter that believes that gold will reach $3,000 in a market meltup which we're already in right now market meltup is when the market explodes and we've pretty much been in a market meltup so far in the first half of 2023 and with bitcoin and cryptos doing extremely well you can call this here a market meltup he believes we're going to see a $3,000 gold right now gold is about 1927 so that would be a big move it would be an all-time high for gold he also believes that the S&P 500 will be up at least 36% by the end of 2023 and I believe the S&P 500 might be up like 10% or so this year so he believes we're going to see a huge second half of 2023 what do you guys think we'll start with you Earl do you agree with any of this do you think that this moment continues in 2023 do you think we see a $3,000 gold do you think this is crazy or do you agree with any of the stuff that David Hunter is saying I think he's off his rocker you know there's too much going on you know in the macro environment for that possible I mean what are we looking at driving the markets up 36% between the S&P I mean we're looking at huge tech coming up and driving the markets up like Nvidia did you know are we looking at new computers being or are we looking at you know oil being pushed all the way up seeing you know that's how it's between the S&P and the balance so you know sorry guys what was that he got a little he got a little inside information on the hedge funds okay the people that run up GameStop and AMC you know I mean markets go up real quick when you juice things up like that but what is this everything and I mean we still haven't seen the price correction for driving up to 31,000 on bitcoin yet much less than the Nvidia you know an apple booming you know so and then people are going to cash out whenever it gets boring and invest it into something about 50% right Earl I think Hunter Biden to me at this point so that's all yeah his last name is his first name what do you I think you don't would help me don't trash him that bad I think he's out of his mind on the market maybe but as far as gold goes I absolutely agree because precious metals are used for technology okay supply and demand gold is going to crank soon but the US dollar or the US dollar but with bricks going on on the macro I don't see that happening but the US dollar is not really we're not really it's not bad it's not oil now there's a gold that originally counted cold but oil you've been doing well so for yeah I think I think gold is based on the gold driving the markets with Russia currently being in the macro environment so gold is a worldwide you know commodity so I mean at the end of the day there's a lot of gold that's going to be needed for a lot of things so I really believe you know it's going to go up to about 2500 bucks not too far from now you know I gold has been one of those things and I've been watching gold for a while for years and it struggles to get past 2000 so it really is hard for me to believe that gold's going to get to 3000 because every time we get to 2000 it sells off I bought gold at 200 dollars an ounce okay and when it look at it's going to hit three grand I agree with them and there's a lot of gold lovers that believe it's going to go even higher it's just as a just a pure technical trader every time I see it hit 2000 it sells off so for me I need to see it get past 2000 and stay above 2000 for a significant period of time for me to believe it can get to 3000 I agree with you on that too I agree with you on that too I just I'm not saying it can't happen it's just it's it's it's going to be a struggle because for whatever reason every time it gets to that 2000 mark 2100 mark 2200 mark it sells off very aggressively so I don't know if that's investors that just don't think it could go any higher no that's not investors that's governments that the only thing that might help drive the dark price of gold is currently running out of available land for them being mining for gold and they'll have huge other gold might throw out the entire like argentina hilly and brew there just have pleasure sitting there on mine like where that you know so for they'll just be moving there this error just for money and especially with you know everything that's going on you know the only thing that's going to stop them is they're so they're going to continue to mine the economically cheaper for them to mine in these countries than it is where it's heavily regulated by you know the environmentalists so the price of it okay well because the government you know the government puts their hands on this and they control it and when it goes up they're dumping it off you know no no but it's a strong believer you know look we still haven't even given germany they go back you know so let's talk about this is the last topic i have and then we can we can finish off um on today's episode we only got eight minutes left so apple hits a historic three trillion market cap now apple is the first company ever to hit a three trillion market cap meaning it is the biggest company in the world what do you guys think of this news damn place um that's that's almost three times the the max of what bitcoin hit at one point i mean that's remember all of last year i was talking about buying apple in fact i brought apple and i sold it too soon and now apple just hit an all-time high so we're all talking about apple it's very bullish on apple because they had more cash in the bank than pretty much any company in the world and last year apple had a big drop and that was a great buying opportunity and we've seen it pretty much double in a year so it's been a really good run for apple and now we talked about this earlier i'll show you guys what is one of the key driving factors of apple it's these right here see this yep these finally created something other than an apple correct so one of the problems that and this is the weird thing about apple i'm going to tell you guys my opinion on apple i actually think apple is overvalued and and the reason is is i like to look at the company's fundamentals and the fundamentals actually haven't been good in fact in the last three quarters apple's revenues have actually gone down for three quarters in a row the revenues have gone down so how is the stock going up to all-time highs as the revenues are going lower it's because of anticipation of new products it's future buys earl touched on it anticipation of new products that are coming out into the market because that's what drove apple to become the most powerful company in the world and have tons of cash on the bank was their iphone and the max and their computers and they're all of their products and now they've got these apple vision pro goggles which i hear like thirty five hundred dollars a piece and with anticipation of this product going out which i don't think the product even is for sale yet but with this anticipation of this product going out this the stock has started to go crazy and hit all-time highs are you guys going to buy one of these thirty five hundred dollar products no yeah me neither i'm not gonna stick with my ray bands for now i have my uh i have my uh burger uh you know burger and a Disney for four dollars so yeah burger birds got his four hundred dollar headset and now apple's coming up with their thirty five hundred dollar us headset you know why i wouldn't buy forty five hundred canadian go ahead i wouldn't buy it because this is the first thing of that look at the first iphone it came out and compare it to the one you can get now so why would i waste thirty five hundred dollars like if you bought one of those flat screen tv's remember it was like two grand for a junkie lcd you can get them for frigging two hundred dollars now oh yeah technology i mean it's not interesting enough for me to spend thirty five hundred on it when i can get it for five hundred in a couple years you know i mean look at your iphone you know it overheats your location so hot that it almost burns you you want that sitting on your face on your eyes yeah right you want that around your brain yeah the radiation around your brain in your eyes can't be a good thing yeah i'm loading batteries and stuff yeah you know god gave us eyes to see beautiful things you know i mean i you will never see anything more beautiful than your natural eyes can see so that's garbage to me sorry all right guys so we're near the end of the episode and we've talked about a lot of different topics today i want to wish everybody a happy canada today once again if you're in canada i want to wish everyone a happy july the fourth if you're in america want to wish everyone a great weekend and thank you guys for joining us um url is there anything else you want to say before we say goodbye uh yeah you know before you go and invest in anything that we've mentioned here make sure you do do diligence do your own reach we're not financial advisors you know that's the main topic if you know anything that we mentioned we've taken an interest in investing into a few of these things and we we're not subject matter experts you know there's a lot of information out there you know come back with us for some questions you know we might be you know and uh we'll get to the bottom of everything eventually i love it how about you please today yeah definitely before we say goodbye i notice um the videos when you after we're done um they're getting a lot of views so anybody out there watches this video later look follow the show um we plan on making this show bigger than ever we need all you guys to back us up come into the show start slapping your questions up in the chat rich will read them out loud to us um this is the beginning of what we're doing here so we really appreciate all your support and it's always a pleasure to uh be on any show with you too yeah i love having you guys on the show we look forward to having you on lots more are there any picks you guys want to talk about any picks at all that we can we can show that we can show uh the audience i know that yeah i'm already making investments so i know you do please yeah i mean when i was talking about the ai network you know i would definitely say some of the futures would be that ai right which is one of the plants uh tag is ai do you want to type that in real quick it's hugely undervalued is that on coin market cap uh uh should be on uh corn market ai r i yep all right ai r i ai right guys url is literally a genius when it comes to these small cap plays super risky we're not we're not gonna sit here and tell you to buy it but he likes to find these little low floaters uh tight little small cryptos that have a chance to explode and here's an ai one right now ai r i oh look at that yeah 100 million market cap 100 million dollar market cap currently three billion only in the ai industry number one token being site number one number two like 430 million this one sitting at 100 million and you know to potentially go i'll say one billion dollars so if i buy you you know 98 times your money $100 will give you 87 thousand profit it has a huge upside but like i said do your own research uh this is one of those there's actual uh infrastructures like i was saying that is for the nft marketplace where they're going to be using ai to actually and uh go for plagiarism and won't let you actually on their algorithm but it's also going to be a platform where you can create these and the ai uh science technology so it's feeding into the orca chain which is the number four trade ai and was you know plays into just being an infrastructure blockchain for artificial and and also implementing into uh level of spadio and video platforming well hey there you go one i like that word a i r i and like earl said we are simply for information and education purposes please do your due diligence do your research before you invest in anything we talk about or discuss here on the rich tv live podcast gentlemen thank you for joining i have a description to both of their youtube channels go and subscribe to earl and blaze on youtube thank you for joining us today guys our sixth episode of the bull and bear show and it's been a great episode time flies when you're having fun thank you guys and have yourselves a great weekend and for everyone that's watching you're not winning you're probably not watching you're bringing the winners c o interviews chart analysis trending topics breaking news and engaging conversations and we bring it to you first hope you enjoy today's episode have a great weekend everybody gentlemen thank you for being here and we'll see you guys next week happy fourth happy first much love you guys yes yep canadian happy july the fourth guys enjoy it have some fun and for everyone in canada happy canada today we'll see you guys soon


Hello everyone, I am Han Nyniu from Shanghai Jiao Tong University. Today I am presenting our paper, Push the Limit of Viennian's universal circles, simpler, tight and more compact. This is a joint work with Yu Yu, Su Yao Zhao, Jiang Zhang, Viennian and Zheng Kaihu. The universal circles can be seen as general-purpose circles. For any circle C of size up to n, we can efficiently encode C with control B's PC, such that the universal circle, configured under PC, is a functional equivalence to the original circle C. For any circle C of size up to n, and 5 in 5 to 2, Viennian proposed a construction of universal circles of size 19n log n. The universal circles can be seen as graph object called edge universal graphs, EOG in short, and the size of EOG is 4.75n log n. As we will see, the size of a UC is roughly 4 times that of the corresponding EOG. Before our work, the best size-efficient EOG. has size of 4.5n log n, and it is known to be the lower bound by 3.64n log n in the Viennian framework. In this work, we give a construction of edge universal graphs of size 3n log n, and we also lower bound the size of our EOG by 2.95n log n, and our framework. Notice that the size of our EOG is even smaller than the lower bound in Viennian framework, which is not contradiction, because our construction is not under Viennian framework. A natural application of the universal circles is to preserve functional privacy in multiparty computation. A multiparty computation can preserve input privacy. For example, anise has input x, and a bubble has input y. Multiparty computation can guarantee that anise and a bubble can get the result CXY, and link no further information about inputs. The protocol guarantees the input purposes of the bubble and anise. However, in some situations, we made one to preserve functional purposes which can be achieved based on universal circles. For example, bubble has an input xC, then bubble can encode in C into the configuration stream PC of the universal circles. The problems reduces to the multiparty computation of evaluation of a public function UC on input x and the configuration stream PC. In the end, the purposes of input x and the accuracy is preserved. The universal circles can be seen as H-universal graphs. Here I want to introduce H-inbounding and H-universal graphs. H-inbounding can be seen as injection from graph G to a larger graph G star. The H-inbounding includes two paths. First, it maps from the load site V to V star one by one. Then, it maps every H in G to a path in G star in a way that is H is joint. Meaning that every two paths in G star have no common edge. Notice that there are two types of loads in G star. The bigger one, called the polar loads, is mapped from a load in G and the smaller one that have no premises in V. Such nodes can be exact because the load, the map is only an injection, not a backjection. G star is called an EOG, if and only if any DAGG of size N and phi in file D can be H-inbounding into G star. We typically set phi in file of DAGD to one or two. We need framework including three steps. First, reducing universal circles to EOG2. Namely, edge universal graph for any DAG of phi in file 2. Second, reducing EOG2 to EOG1. Finally, reducing the problem of construction of EOG1 to itself but with a much smaller size and this reduction is recursive until the underlying EOG1 is smaller enough and can be constructed by hand. Here, we introduce the fourth step, reducing UC to EOG2. The left figure is a circle with two inputs, x, y and two gates, x or n and two outputs. The circle can be seen as a DAG. The right figure is a universal circle which can be seen as a DAG, an EOG. We showed the edge inbounding from the DAG in the left figure to the EOG in the right figure. In the left figure, the load side includes x, y, x or n. In correspondence, in the right figure, we can also see x, y and x or which are called polo loads. The EOG includes other smaller loads called control loads. First, the control load with one input and two outputs is called split which copies the view of the input to the two outputs. Second, the one with two inputs and two outputs we call it x-switch which can configure into two cases switch or on-load switch. Finally, the control load with two inputs and two and one output we call it y-switch which also work in two cases. Copy the view of the left input to the output or copy the view of the right input to the output. The x-switch can be implemented by four BASICAL GETS.  For example, x-switch needs one control load BISC. If C is set to zero, then it becomes a long switch left in left out. Otherwise, it works in the switch models left in right out. Now, we introduce a second step, reducing EOG2 to EOG1. Every instance of DAG2 can be divided into two instances of DAG1 which can be as inbounded by two instances of the corresponding EOG1. We merge the two EOG1 into a single EOG2. For each DAG1, we're as inbounding it into an instance of EOG1. Finally, we combine two instances of EOG1 into one instance of EOG2 by eliminating the overlapping polar loads. Therefore, the size of EOG2 is two times of the size of EOG1. And minus the number of overlapping polar loads which is n. The final step, reducing EOG of great size n to EOG of smaller size typically divided by a factor k. We can repeat this step many times until the size is smaller enough. Before introducing this reduction, we showed two important notions used in this reduction. Augmented DAG and superload. First, the augmented DAG can be seen as a super-DAG. For example, DAGG has k-loads, P1 to Pk and 3 edges. The augmented DAG can add k-input loads and k-output loads. Then, the augmented DAG can add 3 edges either from an input node to a load in the middle or from a load in the middle to the output node. As long as the resulting augmented DAG is still of the grid 1. Now, with the augmented DAG, we can define the notion of k-way superload. A k-way superload, or SNK in chute, is a special EOG that can add any augmented DAG k. For example, the above figure is an augmented DAG with 4 polar loads, 4 input loads, 4 output loads, and the below is a corresponding 4-way superload. As defined previously, edge-inbounded mapping includes load mapping and edge-mapping to a path. For example, edge-in-b mapping to a path from edge-in-b5 to edge-in-b9. Now, we reveal variance-recursive reduction from EOG of size n to EOG of size n over k, which is achieved based on the building block k-way superload. First, we put n over k superloads in rows. Then, we merge that the output nodes of each superload with the input nodes of the next immediate superload component rows. These merge nodes can be divided into k-sides. For each side, for each side, we use a smaller EOG1 to combine these combination nodes and the polar loads of the smaller EOG1, one by one. The resulting merge nodes have two inputs and two outputs, which can be implemented by x-witch node. It can be proved that any DAG of size n can be edge-inbounded into this graph. And therefore, it gives a construction of EOG, when it proposed two kinds of superloads, two-way superloads of size 5 and four-way superloads of size 19. Note that the input and output nodes are not counted into the size of superloads. The result into the corresponding EOG of size 5 n log n and 4.75 n log n respectively. Our construction does not follow VINNian framework. The left hand is a VINNian framework and the right hand is our intermediate construction. The difference between the two constructions is that in VINNian framework, we combine the output node of the above superload and the input node of the next below superload into a single node, which will then match it with the polar of the smaller EOG. Well, in our intermediate construction, we combine the input node and output node of the same superload into a single node and merge it with a polar of the smaller EOG. It is easy to say that both the VINNian framework and our intermediate construction are about the same size and both achieve edge inbounding. But we don't seem to accomplish any improvement with this intermediate construction. We have two observations about our intermediate construction. First, node A is nx-wage, which have two options. But it is unnecessary that a pasta and the smaller EOG slew edge number 4 that leave it intermittently. In other words, if a pasta has edge number 4 then its next edge must be edge number 3, not edge number 2. Second, if a pasta passes through the node A from inside the smaller EOG then it will end the corresponding superload. In other words, edge 1 will be followed by edge number 2, not edge number 3 on the pasta for edge inbounding. Therefore, the option for x-wage node is always fixed. Our end construction take these redundants into the account and remove the x-wage node The node A- is the previous node of the node A in the smaller EOG then we delete edge number 1 and edge number 2 and the edge from node A- to the corresponding superload. Node A- is the next node of the node A in the smaller EOG then we delete edge number 3 and edge number 4 and the edge from the corresponding superload to node A- plus. This leads to a more compact construction of EOG without affecting the function of the universal edge inbounding. Based on our introduction, the size of EOG2 is 2 times of the size of EOG1 minus N In our construction, the size of EOG1 is k times of the size of the smaller EOG1 plus N over k times of the size of k-way superload minus N combination nodes The advantage of our construction over venous framework is minus N highlighted in red. This leads to the size of EOG2 of our construction. Moreover, we prove that a low bound of 2.95 N log N for our construction. When instantiated with a two-way superload of size 5, we can get a construction of EOG2 of size 3 N log N. The size of our construction 3 N log N is very close to the low bound 2.95 N log N. Finally, we visualize the comparison with the previous works. Our construction improves upon the best previous work by about 33%. There are some related works about universal circles. Thanks for listening.


From theCUBE studios in Palo Alto in Boston, bringing you data-driven insights from theCUBE and ETR. This is Breaking Analysis with Dave Vellante. Recent conversations with IT decision makers show a stark contrast between exiting 2023 versus the mindset when we were leaving 2022. CIOs are generally funding new initiatives by pushing off or cutting lower priority items. While security efforts are still being funded, those that enable business initiatives that generate revenue are taking priority over cleaning up legacy technical debt. The bottom line is, for the moment at least, the mindset is not cut everything, rather it's put a pause on cleaning up legacy hairballs and fund monetization. Hello and welcome to this week's Wikibon Cube Insights powered by ETR. In this Breaking Analysis, we tap recent discussions from two primary sources. Year-end ETR roundtables with IT decision makers and CUBE conversations with data, cloud, and IT architecture practitioners. The sources of data for this Breaking Analysis come from the following areas. Eric Bradley's recent ETR year-end panel featured a financial services DevOps and SRE manager, a CISO and a large hospitality firm, a director of IT for a big tech company, the head of IT infrastructure for a financial firm and a CTO for global travel enterprise. And for our upcoming SuperCloud 2 conference on January 17th, which you can register free by the way at supercloud.world, we've had CUBE conversations with data and cloud practitioners, specifically heads of data in retail and financial services, a cloud architect and a biotech firm, the director of cloud and data at a large media firm and the director of engineering at a financial services company. Now, we've curated commentary from these sources and now we share them with you today as anecdotal evidence supporting what we've been reporting on in the marketplace for these last couple of quarters. On this program, we've likened the economy to the slingshot effect when you're driving and you're cruising along at full speed on the highway and suddenly you see red brake lights up ahead so you tap your own brakes and then you speed up again and traffic is moving along at full speed so you think nothing of it. And then all of a sudden the same thing happens. You slow down to a crawl and you start wondering what the heck is happening and you become a lot more cautious about the rate of acceleration when you start moving again. Well, that's the trend in IT spend right now. You know, back in June, we reported that despite the macro headwinds, CIOs were still expecting six to 7% spending growth for 2022. Now that was down from 8% which we reported at the beginning of 2022. That was before Ukraine and Fed tightening. But given those two factors, you know, that seemed pretty robust. But throughout the fall, we began reporting consistently declining expectations where CIOs are now saying Q4 will come in at around 3% growth relative to last year and they're expecting, you know, or should we say hoping that it pops back up in 2023 to four to 5%. The recent ETR panelists or when they heard this are saying based on their businesses and discussions with their peers, they could see low single digit growth for 2023. So one, two, three percent. So this sort of slingshotting or sometimes we call it a seesaw economy has caught everyone off guard. You know, Amazon is a good example of this and there are others, but Amazon entered the pandemic with around 800,000 employees. It doubled that workforce during the pandemic. Now, right before Thanksgiving in 2022, Amazon announced that it was laying off 10,000 employees and Jassy CEO of Amazon just last week announced that number is now going to grow to 18,000. Now look, this is a rounding error at Amazon from a headcount standpoint and their headcount remains far above 2019 levels. Its stock price, however, does not and it's back down to 2019 levels. The point is that visibility is very poor right now and it's reflected in that uncertainty. It was seeing a lot of layoffs. Obviously the stock market's choppy, et cetera. Now, importantly, not everything is on hold. And this downturn is different from previous tech pullbacks in that the speed at which new initiatives can be rolled out is much greater thanks to the cloud. And if you can show fast return, you're going to get funding. Organizations are pausing on the cleanup of technical debt unless it's driving fast business value. They're holding off on modernization projects. Those business-enabled initiatives are still getting funded. CIOs are finding the money by consolidating redundant vendors and they're stealing from other pockets of budget. So it's not surprising that cybersecurity remains the number one technology priority in 2023. We've been reporting that for quite some time now. It's specifically cloud, cloud native security, container and API security. That's where all the action is because there's still holes to plug from that forced march to digital that occurred during COVID. Cloud migration, kind of it's showing here on number two on this chart, still a high priority. While optimizing cloud spend is definitely a strategy that organizations are taking to cut costs, it's behind consolidating redundant vendors by a long shot. There's very little evidence that cloud repatriation, i.e. moving workloads back on-prem is a major cost-cutting trend. The data just doesn't show it. What is a trend is getting more real time with analytics. So companies can do faster and more accurate customer targeting and they're really prioritizing that obviously in this down economy. Real time, we sometimes, what's real time? Real time we sometimes define as before you lose the customer. Now in the hiring front, customers tell us they're still having a hard time finding qualified site reliability engineers, SREs, Kubernetes expertise and deep analytics pros. These job markets remain very tight. Let's stay with security for just a moment. We said many times that prior to COVID, zero trust was this sort of undefined buzzword and the joke of course is if you ask three people what is zero trust, you're going to get three different answers. But the truth is that virtually every security company that was resisting taking a position on zero trust in an attempt to kind of avoid, they didn't want to get caught up in the buzzword vortex, but they're now really being forced to go there by CISOs. So there are some good quotes here on cyber that we want to share that came out of the recent conversations that we cited up front. The first one, zero trust is the highest ROI because it enables business transformation. In other words, if I can have good security, I can move fast, it's not a blocker anymore. Second quote here, ZTA, zero trust architecture is more than securing the perimeter. It encompasses strong authentication in multiple identity layers. It requires taking a software approach to security instead of a hardware focus. Next one, I'd love to have a security data lake that I could apply to asset management, vulnerability management, incident management, incident response, and all aspects for my security team. I see huge promise in that space. And then the last one, I see NLP natural language processing as the foundation for email security. So instead of searching for IP addresses, you can now read emails at light speed and identify phishing threats. So this is a small snapshot of the mindset around security. But I'll add, when you talk to the likes of CrowdStrike and Zscaler and Octa and Palo Alto Networks and many other security firms, they're listening to these narratives around zero trust. I'm confident they're working hard on skating to this puck, if you will. You know, good example is this idea of a security data lake and using analytics to improve security. We're hearing a lot about that. We're hearing architectures, there's acquisitions in that regard. And so that's becoming real. And there are many other examples. Because data is at the heart of digital business, this is kind of the next area that we want to talk about. It's obvious that data as a topic gets a lot of mind share amongst practitioners. But getting data right is still really hard. It's a challenge for most organizations to get ROI and expected return out of data. Most companies still put data at the periphery of their businesses. It's not at the core. Data lives within silos or different business units, different clouds, it's on-prem, increasingly it's at the edge. And it seems like the problem is getting worse before it gets better. So here are some instructive comments from our recent conversations. First one, quote, we're publishing events onto Kafka. Having those events be processed by Dataproc. Dataproc is a Google managed service to run Hadoop and Spark and Flank and Presto and a bunch of other open source tools. We're putting them into the appropriate storage models within Google and then normalize the data into BigQuery. And only then can you take advantage of tools like ThoughtSpot. So here's a company like ThoughtSpot. And they're all about simplifying data, democratizing data, but to get there, you have to go through some pretty complex processes. So it's a good example. All right, another comment. In order to use Google's AI tools, we have to put the data into BigQuery. They haven't integrated in a way AWS and Snowflake have with SageMaker. Moving the data is too expensive, time consuming, and risky. So I'll just say this, sharing data is a killer super cloud use case and firms like Snowflake are on top of it, but it's still not pretty across clouds and Google's posture seems to be, we're going to let our database product competitiveness drive the strategy first and the ecosystem is going to take a back seat. Now, in a way, I get it. Owning the database is critical and Google doesn't want to capitulate on that front. Look, BigQuery is really good and competitive, but if you can't, you can't help but roll your eyes when a CEO stands up and I'm not calling out Thomas Kurian. Every CEO does this. It talks about how important their customers are and they'll do whatever is right by the customer. So look, rolling my eyes on that. Now, let me also comment, AWS has figured this out. You know, they're killing it in database. You take Redshift, for example. It's still growing as is Aurora, really fast growing services and other data stores, but AWS realizes it can make more money in the long-term partnering with the snowflakes and data bricks of the world and other ecosystem vendors versus sub-optimizing their relationships with partners and customers in order to sell more of their own homegrown tools. I get it. It's hard not to feature your own product. IBM chose OS2 over Windows and tried for years to popularize it, failed. Lotus, go back way back to Lotus one, two, three. They refused to run on Windows when it first came out. They were running on DeckVax. Many of you young people now, it's never even heard of DeckVax. IBM wanted to run everything only in its cloud, the same with Oracle originally. VMware, as you might recall, tried to build its own cloud, but eventually when the market speaks and reveals what seems to be obvious to analysts years before, the vendors come around, they face reality and they stop wasting money fighting a losing battle. The trend is your friend, as the saying goes. All right, last pull quote on data. The hardest part is transformations, moving traditional informatica, teradata or Oracle infrastructure to something more modern and real-time. And that's why people still run apps and COBOL. In IT, we rarely get rid of stuff. Rather, we add on another coat of paint until the wood rots out or the roof is going to cave in. All right, the last key finding we want to highlight is going to bring us back to the cloud repatriation myth. Followers of this program know it's a real sore spot with us. We've heard the stories about repatriation. We've read the thoughtful articles from VCs on the subject. We've been whispered to by vendors that you should investigate this trend. It's really happening, but the data simply doesn't support it. Here's the question that was posed to these practitioners. If you had unlimited budget in the economy miraculously flipped, what initiatives would you tackle first? Where would you really lean into? First answer, I'd rip out legacy on-prem infrastructure and move to the cloud even faster. So the thing here is, look, maybe renting infrastructure is more expensive than owning. Maybe, but if I can optimize my rental with better utilization, turn off compute, use things like serverless, get on a steeper and higher performance over time and lower cost silicon curve with things like Graviton, tap best of breed tools in AI and other areas that make my business more competitive, move faster, fail faster, experiment more quickly and cheaply, what's that worth? Even the most hard-o CFOs understand the business benefits far outweigh the possible added cost per gigabyte. And again, I stress possible. Okay, other interesting comments from practitioners. Quote, I'd hire 50 more data engineers and accelerate our real-time data capabilities to better target customers. Real-time is becoming a thing. AIs being injected into data and apps to make faster decisions, perhaps with less or even no human involvement. That's on the rise. Next quote, I like to focus on resolving the concerns around cloud data compliance. So again, despite the risks of data being spread out in different clouds, organizations realize, cloud is a given and they want to find ways to make it work better, not move away from it. Same thing in the next one, quote, I would automate the data analytics pipeline and focus on a safer way to share data across the states without moving it. And finally, quote, the way I'm addressing complexity is to standardize on a single cloud. Mono cloud is actually a thing. We're hearing this more and more. Yes, my company has multiple clouds, but in my group, we've standardized on a single cloud to simplify things. And this is a somewhat dangerous trend because it's creating even more silos and it's an opportunity that needs to be addressed. And that's why we've been talking so much about super cloud as a cross-cloud unifying architectural framework, or perhaps it's a platform. In fact, that's a question that we will be exploring later this month at super cloud too, live from our Palo Alto studios. Is super cloud an architecture or is it a platform? And in this program, we're featuring technologists, analysts, practitioners to explore the intersection between data and cloud and the future of cloud computing. So you don't want to miss this opportunity. Go to super cloud.world. You can register for free and participate in the event directly. All right, thanks for listening. That's a wrap. I'd like to thank Alex Meyerson who's on production and manages our podcast, Ken Schiffman as well. Kristen Martin and Cheryl Knight, they helped get the word out on social media and in our newsletters. And Rob Hof is our editor-in-chief over at siliconangle.com. He does some great editing. Thank you all. Remember, all these episodes are available as podcasts wherever you listen. All you got to do is search breaking analysis podcast. I publish each week on wikibon.com and siliconangle.com where you can email me directly at davidotvalante at siliconangle.com or DM me at dvalante or comment on our LinkedIn posts. By all means, check out etr.ai. They get the best survey data in the enterprise tech business. We'll be doing our annual predictions post in a few weeks once the data comes out from the January survey. This is Dave Vellante for theCUBE Insights, powered by ETR. Thanks for watching everybody. We'll see you next time on breaking analysis.