I took a small road trip to Delaware with my better half this past weekend for the 2023 Delaware Drum Show.
As a drummer, I can’t believe I’d never been to a drum expo.
I got to nerd out big-time with reps from all the big brands — Gretsch, Ludwig, Baltimore Drum Company…
This year apparently saw the largest turnout yet.
There was a clinic with Rascal Flatts drummer Jim Riley. (A clinic is basically someone playing to a song or two and then giving you some tips and techniques.)
Billy Joel’s former drummer Liberty DeVitto was there.
Each year they have a tribute drummer who performs a medley of songs.
This year, the tribute was to none other than Led Zeppelin’s John Bonham.
If you’re a drummer, you’ve been inspired by Bonham one way or another.
They had two replica Ludwig kits that he was known for playing, so it was awesome to hear what those sounded like in person.
Dave Grohl — Foo Fighters frontman and former Nirvana and Queens of the Stone Age drummer — said he used to worship a poster of John Bonham as a kid. I think that worked out for him in the end.
But the highlight of the whole event for me was that I got to meet Bernard “Pretty” Purdie.
If you’ve never heard the name, you won’t forget it now.
He’s known in the industry as the world's most recorded drummer.
He’s played with artists like Steely Dan, Isaac Hayes, Donny Hathaway, B.B. King, Joe Cocker, Jeff Beck, and Alan Jackson.
Purdie's known for having impeccable timing.
But he’s probably most famous for inventing his namesake beat called the “Purdie Shuffle.”
You can hear variations of it in songs like Toto’s "Rosanna" and Led Zeppelin’s "Fool in the Rain."
Now, if you can play the Purdie Shuffle, you can play the drums.
I didn’t snag a picture of us, but I did buy a pair of his new drumsticks and he was kind enough to sign them. Join Wealth Daily today for FREE. We’ll keep you on top of all the hottest investment ideas before they hit Wall Street. Become a member today, and get our latest free report: “How to Make Your Fortune in Stocks”The Best Free Investment You’ll Ever Make
It contains full details on why dividends are an amazing tool for growing your wealth.
Luckily, I made it out of there without buying anything else…
There were a few vendors selling drum machines, which I describe as an early form of artificial intelligence (AI).
AI has actually been around in the music scene for decades.
According to MusicTech, drum machines predate the modern drum set by over 800 years:
In his The Book of Knowledge of Ingenious Mechanical Devices, written in 1206 in what is now modern Turkey, engineer Ismail al-Jazari described a device consisting of four automaton musicians, two of which were drummers whose rhythms and patterns could be programmed by moving pegs within the mechanism. This was eventually built and used for entertaining the Sultan’s guests at parties.
Another prototype drum machine, the Rhythmicon, was invented in 1930 and consisted of spinning disks activated by piano keys that created a rhythmic, drum-like sound.
In modern music, drum machines and drum loops are almost indistinguishable from real drums. You’d be surprised how many top-40 hits use drum machines. Prince’s “When Doves Cry,” The Human League’s “Don’t You Want Me,” Marvin Gaye’s “Sexual Healing,” and Don Henley’s “Boys of Summer,” to name a few.
Drum machines haven’t replaced real drummers by any stretch of the imagination, and professional studio drummers remain some of the highest-paid musicians in the world — just ask Bernard Purdie.
But all the humanoid drummers are contributing to a massive database for AI to draw on to create loops and samples.
This is just one example of AI in music.
More recently, OpenAI, the company behind ChatGPT, released Jukebox, an AI program that creates new music from scratch with the inputs you provide.
It's created country songs in the style of Alan Jackson and grunge tunes in the vein of Nirvana. It basically compiles sound samples from all their songs and attempts to create a new melody. It's not quite there, but it's pretty darn close. And if anything, it's extremely impressive.
The point is this innovation is taking place at lightning speed before our very eyes.
This Jukebox software is only one month old…
It's no surprise, then, that Big Tech is absolutely freaking out.
Elon Musk, ChatGPT's financier, said at an MIT conference all the way back in 2014 that he wants "some regulatory oversight, maybe at the national and international level, just to make sure that we don’t do something very foolish.”
And in a 2017 meeting of the National Governors Association — a public policy liaison between the state and federal government — Musk said the scariest problem right now is AI, which poses fundamental, existential risks to civilization.
We kind of laughed it off when Musk revealed his Tesla Bot in 2022…
But with ChatGPT, we're starting to see the big picture.
Even Google's top brass didn't anticipate how quickly ChatGPT would take off.
All of the data we’ve put online, all of that information, is all now being compiled and used by ChatGPT to spit out witty and eloquent answers to our most pressing questions.
Google fears it's going to dethrone its monopolistic search engine.
The company is so worried that it called a "Code Red" meeting to figure out how to stop the bleeding.
Unfortunately, it's already too late.
The crazy thing is it's not just Google that's in a frenzy.
This disruptive innovation has the ENTIRE tech world on edge.
Every major tech firm from Apple to Amazon is racing to integrate this tech into its models…
But only ONE tiny company has the critical hardware these tech giants need to fully integrate this new technology…
And it's set to hand early investors a potential 12,284% windfall in the process.
Stay frosty, Alexander Boulden After Alexander’s passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing. Alexander is the investment director of Insider Stakeout — a weekly investment advisory service dedicated to tracking the smartest money on the planet so that his readers can achieve life-altering, market-beating returns. He also serves at the managing editor for R.I.C.H. Report, a comprehensive service that uses the highest-quality investment research and strategies that guides its members in growing their wealth on top of preserving it.
Check out his editor’s page here. Want to hear more from Alexander? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on.
Editor, Wealth Daily