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<v Speaker 1>Look, I'd rather live in the United States where we

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<v Speaker 1>have control over the technology and information that affects Americans.

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<v Speaker 1>And when you have tech like that used to be

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<v Speaker 1>fine for basically a century because America made the best

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<v Speaker 1>technology in most of the technology. Now we're entering a

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<v Speaker 1>world where China makes a lot of technology, and in

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<v Speaker 1>some cases may make better technology, but they don't want

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<v Speaker 1>to abide by our use or our constitution, our rules

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<v Speaker 1>around this. So I would just say, fine, like, you

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<v Speaker 1>can do whatever you want in your country, but we

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<v Speaker 1>are not going to use your technology.

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<v Speaker 2>Then, everybody, welcome to another episode of Eyes on Geopolitics.

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<v Speaker 2>I'm here today with Jonathan Hacket, and our guest is

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<v Speaker 2>Anthony Vincey. He's the author of The Fourth Intelligence Revolution,

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<v Speaker 2>The Future of Espionage, and the Battle of Save America.

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<v Speaker 2>He's got a pretty amazing resume. He previously served as

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<v Speaker 2>the first CTO and Associate Director of Capabilities at the

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<v Speaker 2>National Geospatial Intelligence Agency, following earlier work as an intelligence

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<v Speaker 2>officer in Iraq, Africa, and Asia. You could actually watch

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<v Speaker 2>an episode with Anthony on the Team House that we

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<v Speaker 2>did probably a good six months ago. Now, great episode,

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<v Speaker 2>check that out. I'll put a link in the description

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<v Speaker 2>you can check it out. I'll also put a link

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<v Speaker 2>in the descripture for his book. He is now the

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<v Speaker 2>co founder and CEO of Vico, an AI company focused

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<v Speaker 2>on decision making and finance and national security, and is

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<v Speaker 2>an adjunct Senior Fellow at the Center for a New

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<v Speaker 2>American Security and to boot, he holds his PhD in

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<v Speaker 2>International relations from the London School of Economics. So I

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<v Speaker 2>try to get somebody here that's on the level of

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<v Speaker 2>smart as Jonathan Hackett is, because Jonathan's got a pretty

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<v Speaker 2>good resume too, and I think I did a pretty

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<v Speaker 2>good job with the Anthony. So thanks for joining us today.

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<v Speaker 1>Yeah, man, thanks for having me.

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<v Speaker 2>This whole talk to be about what's going on with AI.

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<v Speaker 2>Me and Jonathan have been talking about this for like

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<v Speaker 2>a couple of months, like putting together a show and

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<v Speaker 2>trying to find a guest that can, like, you know,

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<v Speaker 2>give us the lay of the land of what's going on.

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<v Speaker 2>And I've joked with Jonathan. I think I joked with

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<v Speaker 2>you want an email too, about saying like this literally

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<v Speaker 2>could be a three hour conversation because it's like there's

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<v Speaker 2>just so many rabbit holes we can go down full disclosure.

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<v Speaker 2>I am more on the bearers side of AIS, particularly

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<v Speaker 2>when it comes to like just all all the capex

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<v Speaker 2>that's going on, and like, you know, wh where's it

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<v Speaker 2>really going? The cow expensive the computer is compared to

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<v Speaker 2>like how you know enterprises are using them, like they

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<v Speaker 2>doesn't really look like there's a big at least for

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<v Speaker 2>the frontier model. So it doesn't look like there's a

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<v Speaker 2>big profit center right now. But anyway, let's just get

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<v Speaker 2>into it. I mean, I don't know how you guys

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<v Speaker 2>want to play it, Jonathan, please, like let's just you know,

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<v Speaker 2>improve this basically, do we want it explain like what

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<v Speaker 2>the frontier models mean, like should we go more of

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<v Speaker 2>a basic route for like the Layman. I'm in Layman

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<v Speaker 2>obviously too, but I just read this insensitively.

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<v Speaker 3>I think it's helpful to have like a general question

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<v Speaker 3>of Okay, why should people care about the crossover question

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<v Speaker 3>of China and AI? Because there's the China national security

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<v Speaker 3>threat that's existed for a long time, especially international security

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<v Speaker 3>strategy all the way back to nineteen eighty seven when

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<v Speaker 3>the first one came out. Now AI has entered the chat,

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<v Speaker 3>and the question for the American listener is why should

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<v Speaker 3>they care about that?

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<v Speaker 2>Yeah, I love it. Let's go because we can go

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<v Speaker 2>in any direction here. So Anthony, what are you track

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<v Speaker 2>in basically right now? With AI? I mean, I know

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<v Speaker 2>I sent you over that Financial Times article and that

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<v Speaker 2>does seem like the big, the big scary.

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<v Speaker 1>Yeah, well look China AI, I think is that's the question.

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<v Speaker 1>That's like the generational level question because I think about

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<v Speaker 1>it like this. AI is not like software. AI does

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<v Speaker 1>what people do right, and it communicates information to you.

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<v Speaker 1>It doesn't just show you something, but you interact with it, right,

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<v Speaker 1>So anything when you get on claud, you get on chat,

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<v Speaker 1>GPT and you ask it a question, it can ask

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<v Speaker 1>you questions. You can continue to ask it questions. And

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<v Speaker 1>the thing is that it can persuade you to do

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<v Speaker 1>things right, like it can lean you in a direction

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<v Speaker 1>that's different than anything we've had before. Only people were

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<v Speaker 1>able to do that previously. So that's one thing. The

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<v Speaker 1>second thing is that AI that's kind of LMS like

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<v Speaker 1>AI you talk to. There's another form of AI that

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<v Speaker 1>you're using for autonomous vehicles that can drive way more

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<v Speaker 1>cars around, or it can fly drones around. That's also

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<v Speaker 1>super important. There's a third kind of AI that I

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<v Speaker 1>think is you were going to see more and more of.

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<v Speaker 1>And it's kind of what I do in my company

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<v Speaker 1>at Vico, which is using AI to help run businesses

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<v Speaker 1>or even to help run the military. It's making strategic choices.

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<v Speaker 1>It's allowing you to play through lots of decision lots

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<v Speaker 1>of decisions. Right, those three kinds of AI. That's kind

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<v Speaker 1>of how the world works. You have people talking to

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<v Speaker 1>people now talking AI. You have AI that's able to

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<v Speaker 1>drive cars and other vehicles, and you have a system

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<v Speaker 1>that can run companies. Now, these are the things that

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<v Speaker 1>we obviously are competing with China around. And the question

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<v Speaker 1>is going to be are we going to use Chinese

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<v Speaker 1>software or AI systems to do these things? Or we're

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<v Speaker 1>going to use American systems? And then what about our

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<v Speaker 1>allies or just third party countries like that are neither

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<v Speaker 1>aligned with the US nor China kind of sit in

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<v Speaker 1>the middle and what are they going to use? And

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<v Speaker 1>we've seen this situation before or with Huawei with telecommunications equipment,

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<v Speaker 1>where the question became, are you going to have your

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<v Speaker 1>telecommunication system set up on Western equipment from ericson or something,

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<v Speaker 1>or are you going to have it set up on

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<v Speaker 1>Chinese equipment. The downside risk there was that Chinese equipment,

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<v Speaker 1>they can spy on it and steal all of your data.

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<v Speaker 1>It's completely unsecure. Well, we have the same situation with

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<v Speaker 1>China right now, is that if you use a Chinese

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<v Speaker 1>AI system, they can spy on it, they can access

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<v Speaker 1>your data. But it's even worse now because they could

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<v Speaker 1>do two other things. One, in theory, they could use

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<v Speaker 1>that AI system to control what you're using it for.

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<v Speaker 1>So if you're using a piece of AI to run

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<v Speaker 1>an autonomous vehicle, in theory, they might be able to

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<v Speaker 1>control that autonomous vehicle. That could be really problematic in

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<v Speaker 1>war for example. But the even more nefarious possibility is

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<v Speaker 1>that Chinese AI remember the part where you can talk

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<v Speaker 1>to it, you use chat GPT where you ask it

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<v Speaker 1>a question, say about how to vote in this coming midterm.

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<v Speaker 1>If it's Chinese AI system, they could mount an information

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<v Speaker 1>attack against you and can actually persuade you to do something.

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<v Speaker 1>So those are like really serious consequences for like the

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<v Speaker 1>average everyday American citizen, Like do you really want your vote,

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<v Speaker 1>for example, in the midterm to be biased in some

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<v Speaker 1>way because of your interaction with the Chinese system. Do

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<v Speaker 1>you really want this waym car that you're driving in

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<v Speaker 1>to potentially be controlled by China and say in a

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<v Speaker 1>state of war, to be used against you maybe I

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<v Speaker 1>don't know, runs people over or something, or American military

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<v Speaker 1>equipment to be harmed by a Chinese AI system. And

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<v Speaker 1>worst case scenario, if you're running your business and you're

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<v Speaker 1>using AI to do this, or the government is being

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<v Speaker 1>run by AI, do you really want it to be

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<v Speaker 1>compromised by Chinese AI system? And I think these are

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<v Speaker 1>like really serious questions to address.

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<v Speaker 3>And I think also too, I was actually reading an

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<v Speaker 3>article recently, I think this week about open weight models

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<v Speaker 3>that China is kind of pioneering and getting out there

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<v Speaker 3>a lot of and people are seeing them their lower

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<v Speaker 3>costs and all these there are all kinds of benefits

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<v Speaker 3>and advantages on one ledger. And as I'm reading more

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<v Speaker 3>about what open weight actually means, at my first thought

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<v Speaker 3>before I dug into this was that open weight was

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<v Speaker 3>the same as open source, and I've learned that that's

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<v Speaker 3>not true. Can you talk a little bit about why

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<v Speaker 3>that's problematic?

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<v Speaker 1>Yeah, the yeah, open weight means you're getting the open

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<v Speaker 1>source means it's a piece of software that you can

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<v Speaker 1>use and you can modify, and you can do whatever

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<v Speaker 1>you want with and build on. So like Linux, for example,

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<v Speaker 1>open weight means that they have provided the model, but

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<v Speaker 1>not the underlying data in the model. So it does

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<v Speaker 1>mean that you can use it now and you can

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<v Speaker 1>build that, you can build an app, say on top

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<v Speaker 1>of it, but you don't actually know the data that

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<v Speaker 1>and into training it, you don't know exactly how it's

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<v Speaker 1>going to respond. So the danger is that it could

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<v Speaker 1>respond in a way that is biased. So kind of notoriously,

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<v Speaker 1>the Chinese open weight models are biased towards the Chinese

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<v Speaker 1>Communist Party. Like if you ask a deep Seek model

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<v Speaker 1>or Kimmi or choose your Chinese open weight model a

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<v Speaker 1>question about tam and Square, it's going to give you

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<v Speaker 1>the party line, right, it's going to say what the

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<v Speaker 1>CCP wants you to hear, and that that's problematic on

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<v Speaker 1>it on its own. And but really what open weight

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<v Speaker 1>and open source mean is that it's free. And so

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<v Speaker 1>what China's done is they've made these free models. Deep

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<v Speaker 1>Seek and a couple of other companies have gone out

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<v Speaker 1>and done this, and so what's happening is they're essentially

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<v Speaker 1>giving like this low cost solution that US or other

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<v Speaker 1>country companies can build on top of. And so it's

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<v Speaker 1>as similar to the Huawei thing again, right, Huahwei was

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<v Speaker 1>able to produce routers and other telecommunications equipment at a

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<v Speaker 1>fraction of the cost of Western equipment, so people started

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<v Speaker 1>using that kind of equipment, and these these systems were

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<v Speaker 1>compromised in a way or could be compromised by Chinese

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<v Speaker 1>intelligence and so forth. Well, same thing with AI. They're

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<v Speaker 1>sort of giving away these open source models that are

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<v Speaker 1>effectively free so that people will build their own software

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<v Speaker 1>and apps and so forth on top of them. But

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<v Speaker 1>they're compromised.

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<v Speaker 3>And actually that brings up a good point. I was

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<v Speaker 3>working somewhere over the summer where we got fable from

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<v Speaker 3>Anthropic for like two days, and then the government shut

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<v Speaker 3>it down, and there was this kind of disruptive moment

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<v Speaker 3>where the government was trying at the US government was

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<v Speaker 3>trying to figure out, how do we regulate this, do

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<v Speaker 3>we put export controls on it? How dangerous is it?

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<v Speaker 3>And all these questions. But at the same time China

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<v Speaker 3>is looking at this in the opposite way. They're trying

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<v Speaker 3>to get as much access to people as possible, whereas

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<v Speaker 3>the US seems to be trying to be more careful.

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<v Speaker 3>What's kind of the right way to balance these two

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<v Speaker 3>competing philosophies.

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<v Speaker 1>Yeah, so there's a downside to letting AI models out right,

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<v Speaker 1>which is that they can be used to do dangerous things. Right,

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<v Speaker 1>you could take an AI model and in the case

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<v Speaker 1>of Fable and Mythos the Claude models, that they could

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<v Speaker 1>be used to hack to perform an offensive cyber attack,

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<v Speaker 1>and that could be really dangerous. Imagine you just sort

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<v Speaker 1>of let everybody in the world have that, and now

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<v Speaker 1>these criminals, criminal hackers were able to use the stuff,

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<v Speaker 1>and then they can go and pack into banks or

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<v Speaker 1>into healthcare systems and so forth. Could be super dangerous.

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<v Speaker 1>So there is a debate just on that, like when

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<v Speaker 1>and how should we release these models. And it gets

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<v Speaker 1>worse by the way than just hacking. As these models

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<v Speaker 1>get more powerful, it's possible you could use them to

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<v Speaker 1>create like a bioweapon, right, that a person with little

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<v Speaker 1>to no biological science experience could actually create a bioweapon

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<v Speaker 1>by following the instructions like you would with you know,

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<v Speaker 1>a cooking recipe from an AI system, and that like

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<v Speaker 1>that's like terrifying to even think about. So we want

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<v Speaker 1>to have some control. China like does have some control

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<v Speaker 1>even on the the open weight models, right. The CCP

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<v Speaker 1>has established guidelines and controls to those companies like to

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<v Speaker 1>Deep Seek, for example, around information that they want certain

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<v Speaker 1>information about Tenement Square or the Wigers, which is a

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<v Speaker 1>minority group that's that's persecuted in China. They want to

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<v Speaker 1>control that information, so they are putting in those controls.

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<v Speaker 1>But then these open weight models are being released to

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<v Speaker 1>everybody and they don't have there's no way for the

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<v Speaker 1>US government to put its own controls, like say, around

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<v Speaker 1>cybersecurity issues. Now, this wasn't a problem until recently because

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<v Speaker 1>the US models like Claude and Chat, GPT and GROC

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<v Speaker 1>and so forth, were by far the most powerful models

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<v Speaker 1>and could do the most powerful things. And these open

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<v Speaker 1>weight models were, you know, a generation or two generations behind,

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<v Speaker 1>and so they weren't as dangerous. But now they're sort

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<v Speaker 1>of catching up, and as they catch up, they might

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<v Speaker 1>get as dangerous as a Claude model for hacking and

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<v Speaker 1>for other purposes, and there's no way for the US

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<v Speaker 1>government to regulate it or control it in any way.

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<v Speaker 1>And in theory, China might let people, you know, allow

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<v Speaker 1>a model out that could be used for cyber hacking.

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<v Speaker 2>What do you guys take what's your take on? You know,

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<v Speaker 2>Microsoft announced maybe a few weeks ago, also Microsoft being

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<v Speaker 2>a big investor into open ai, that they're going to

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<v Speaker 2>start using deep seek or at least look into using

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<v Speaker 2>deep seek for their some of their enterprise stuff. I

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<v Speaker 2>mean that's going to ring alarm bells for everybody, know, Yeah.

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<v Speaker 1>I mean, look, my personal take is that just like Huawei,

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<v Speaker 1>it should effectively be made illegal or at least very

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<v Speaker 1>problematic for US business to use these things because for

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<v Speaker 1>all the reasons I mentioned, like these things, they're compromised

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<v Speaker 1>in that sense, and there's a danger in that they're

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<v Speaker 1>already large American companies using Chinese open weight models. Airbnb

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<v Speaker 1>uses them, there's a few other big ones, and then

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<v Speaker 1>there's lots of small startups that are using them. Microsoft

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<v Speaker 1>saying they're going to use it is not great. I

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<v Speaker 1>suspect that really they would be using it for something

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<v Speaker 1>that they consider to be low security risk, right, And

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<v Speaker 1>that's fine, But then who's making that call about what's

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<v Speaker 1>low security risk? Right? And we are in effect creating

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<v Speaker 1>the same situation as Huawei, where we're going to kind

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<v Speaker 1>of build up their open weight model companies over time

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<v Speaker 1>and then we won't be able to compete.

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<v Speaker 3>You mentioned something really interesting, you said, like Airbnb and

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<v Speaker 3>these smaller companies are using deepseek. You know, I used

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<v Speaker 3>to teach at our Human Intelligence Collection course and we

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<v Speaker 3>taught about ubiquitous technical surveillance and how to do things

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<v Speaker 3>under a uts threat and so on. That was before AI,

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<v Speaker 3>And now I'm very curious about how it's not just

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<v Speaker 3>a vector. I mean, in ubiquitous technical surveillance, you have

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<v Speaker 3>multiple vectors that overlap that make the thing a threat

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<v Speaker 3>or a problem for you. And it seems that it

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<v Speaker 3>goes beyond the vector problem when you're using AI. Like

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<v Speaker 3>let's say you're booking on Airbnb, and there's certain behavioral

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<v Speaker 3>patterns that you the user use on Airbnb that are

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<v Speaker 3>almost exactly the same behaviors or exactly the same behaviors

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<v Speaker 3>when you're undercover under a different persona on some other platform,

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<v Speaker 3>and AI is able to see that and correlate you

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<v Speaker 3>immediately way faster than a human analyst could. I already mentioned,

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<v Speaker 3>you know, what would you say to the average American.

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<v Speaker 3>But I'm curious also to the average case officer who

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<v Speaker 3>might be listening, because I know there are some who

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<v Speaker 3>do listen to the show. What would you kind of

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<v Speaker 3>caution them on?

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<v Speaker 1>Yeah, I mean, well, look, even for the average American,

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<v Speaker 1>by the way, I don't think the average American wants

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<v Speaker 1>a Chinese company or a Chinese security service or the

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<v Speaker 1>Chinese government to know what they're doing and to be

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<v Speaker 1>able to match the records from Airbnb to other things

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<v Speaker 1>in their life. We don't want our government doing that, right,

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<v Speaker 1>Like your average American like me, is like at least

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<v Speaker 1>a little bit libertarian leading in that sense. We don't

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<v Speaker 1>want our government to spy on us. Why would we

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<v Speaker 1>want the Chinese government to spy on us?

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<v Speaker 2>Right?

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<v Speaker 1>So I think everybody, But yeah, for case officers. Look,

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<v Speaker 1>I was a case officer, you know, and by the

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<v Speaker 1>time I stopped doing that, the UTS issue is just starting, right,

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<v Speaker 1>and so I only really saw a little bit of it,

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<v Speaker 1>and I can't imagine, starting from scratch today what it

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<v Speaker 1>might must be like. And the you know, even without AI,

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<v Speaker 1>you can match people's patterns right, just literally, like old

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<v Speaker 1>school big data analytics, I crunch enough data about you,

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<v Speaker 1>I can detect patterns. The AI makes it easier and

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<v Speaker 1>more ubiquitous, right, Like I don't even need to you know,

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<v Speaker 1>I can. I can do it like that example you

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<v Speaker 1>brought up as a great example. Actually, like my habits.

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<v Speaker 1>It might not, by the way, even be what I'm

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<v Speaker 1>doing on Airbnb. It could even be like the way

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<v Speaker 1>I move my mouse or the way I type. Right,

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<v Speaker 1>there are signatures that are everybody has. These patterns can

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<v Speaker 1>be taken from one place and then and then applied

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<v Speaker 1>to another. So as a case officer, you're trying to

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<v Speaker 1>act and cover somewhere. And you know, even if you

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<v Speaker 1>even if you use a false name for everything you

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<v Speaker 1>did in work, and in fact, even if you used

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<v Speaker 1>a false name for everything you did in your commercial life,

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<v Speaker 1>well your pattern still might be there. Right, Like maybe

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<v Speaker 1>you're using your wife's account to log into Airbnb, but

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<v Speaker 1>you're the one on the mouse and making the decisions.

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<v Speaker 1>It would still be able to recognize these patterns. So

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<v Speaker 1>it's like becomes nearly impossible to kind of like keep

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<v Speaker 1>yourself out of there now. I actually wrote a whole

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<v Speaker 1>chapter about this in my book because like I think,

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<v Speaker 1>what where it goes to be a case officer. I

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<v Speaker 1>think you just have to sort of assume that anything,

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<v Speaker 1>any pattern is or could be tracked, and then you

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<v Speaker 1>I think we will enter a world where you just

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<v Speaker 1>have to sort of live in pattern and what it

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<v Speaker 1>is to kind of be and cover and so forth

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<v Speaker 1>completely changes. Like there's no more doc swapping and all

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<v Speaker 1>that stuff we saw in spy movies, Like that's over

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<v Speaker 1>and like now now you just have to sort of

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<v Speaker 1>live your life as that person, like kind of closer

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<v Speaker 1>to what it was like to be a source back

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<v Speaker 1>in the day.

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<v Speaker 2>Hello everyone, if you're hearing this you are not a

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<v Speaker 2>member of the Patreon you can get your hands on

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00:19:02.279 --> 00:19:05.240
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<v Speaker 2>watch the team House podcast completely ad free and early,

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00:19:11.440 --> 00:19:13.559
<v Speaker 2>and you can also watch it live as we interview

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00:19:13.559 --> 00:19:17.279
<v Speaker 2>our guests, and it's the best way to support the channel.

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<v Speaker 2>So if you can, if you're open to it, you

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<v Speaker 2>can go to Patreon dot com slash the Teamhouse. That

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<v Speaker 2>link is in the description. We appreciate the supporters and

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<v Speaker 2>we hope you would consider being one. So it's Patreon

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<v Speaker 2>dot com slash the Teamhouse. Thanks guys.

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<v Speaker 3>Yeah, Actually, I was reading about when the strikes are

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<v Speaker 3>going on February twenty eighth and forward in Iran at

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<v Speaker 3>the very beginning of the war, how Israel used some

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<v Speaker 3>security cameras and some uts access they had inside of

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<v Speaker 3>Iran to better triangulate targets and then predict follow on

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<v Speaker 3>targets very rapidly, which is fantastic. But then the question

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<v Speaker 3>is that's with the AI that we have right now.

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<v Speaker 3>What happens when it's an order of magnitude either more

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<v Speaker 3>intelligent or faster or in the wrong hands, you know what,

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<v Speaker 3>how do we develop safeguards for that in a military context?

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<v Speaker 1>Yeah, Or what happens if it's applied to us here

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<v Speaker 1>right where every you know, every factory in America has

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<v Speaker 1>some electronic device in it that might be, you know,

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<v Speaker 1>could be compromised. And China has an AI system that's

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<v Speaker 1>able to sort of assess and analyze all of those factories,

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<v Speaker 1>all the people working on them, and then do do

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<v Speaker 1>something about it. It could be you're right, it could

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<v Speaker 1>be using that for targeting information, right. It could be

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<v Speaker 1>they can figure out just by these assessment features, you know,

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<v Speaker 1>which ones are building key you know, components in a missile.

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<v Speaker 1>It also could be well, why not just target the

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<v Speaker 1>people working at the factories non kinetic means, right, Like

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<v Speaker 1>why not use an information attack against you know, sometimes

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<v Speaker 1>in these factories for exams, you have like one or

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<v Speaker 1>two guys who are the key guy, like they know

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<v Speaker 1>how to do everything. Why don't I just target that guy?

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<v Speaker 1>Why don't I implant some criminal information on that guy's

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<v Speaker 1>computer and then put him in prison? And now that

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<v Speaker 1>factory is fifty percent as effective because we've lost that guy, right, Like,

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<v Speaker 1>there's all sorts of things that can be done if

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<v Speaker 1>you you know, if you're sneaky thinker with this stuff.

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<v Speaker 2>I question into going back a little bit to uh,

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<v Speaker 2>you know, being worried about American companies and American startups

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<v Speaker 2>using the Chinese models that are some places I've read

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<v Speaker 2>it's like one third cheaper and stuff like that. How

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<v Speaker 2>do we stop? And there was like how do we

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<v Speaker 2>stop basically it being so expensive for American companies to

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<v Speaker 2>use frontier models?

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<v Speaker 1>Yeah, yeah, the the first of all I would start

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<v Speaker 1>to question some of the like costs different is right,

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<v Speaker 1>just like like with anything open source, like the actual

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<v Speaker 1>cost to buy it versus like the core cost to implement.

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<v Speaker 1>It might be totally different, but let's just assume from it.

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<v Speaker 1>And I think I think it is true. It is

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<v Speaker 1>going to be it is going to be cheaper. I

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<v Speaker 1>think we need basically cheaper models. And I have this

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<v Speaker 1>idea which I'll throw out right here, which is the

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<v Speaker 1>Trump administration has made for its own reasons, has has

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<v Speaker 1>said to Anthropic that there's a problem. They don't want

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<v Speaker 1>it to be used in Department of War. We are

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<v Speaker 1>where we are, well. I think at some point we

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<v Speaker 1>should make a deal with Anthropic, get them back into

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<v Speaker 1>the into the Department of War. But I think we

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<v Speaker 1>should say in exchange, one of the things that we

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<v Speaker 1>want is you should make an open source model that

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<v Speaker 1>is or or just like a really cheap model that's

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<v Speaker 1>really good.

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<v Speaker 2>Right.

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<v Speaker 1>There are ways that we can work with these companies

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<v Speaker 1>and make deals so that it's good for the nation

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<v Speaker 1>and it's good for the government, it's good for the company.

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<v Speaker 1>And I think that's how we're going to have to

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<v Speaker 1>do it. And I see a little bit of that happening,

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<v Speaker 1>like if you sort of read between the lines. After

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<v Speaker 1>all this stuff came out about Chinese open weight models,

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<v Speaker 1>and I can assure you, as somebody is sitting inside

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<v Speaker 1>the Washington DC Beltway right now, that people here read

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<v Speaker 1>those articles and got really really concerned about it. You

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<v Speaker 1>could see a few of these companies started offering their

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<v Speaker 1>models for cheaper so like, they're not dumb, they're listening,

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<v Speaker 1>and I just think that that's how we're going to

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<v Speaker 1>have to deal with this. I also think that frankly,

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<v Speaker 1>like I said, I think that the US government should

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<v Speaker 1>make it illegal in fact to use Chinese models, that

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00:23:51.640 --> 00:23:54.799
<v Speaker 1>you just cannot use them here, that they compromise their

422
00:23:55.839 --> 00:23:59.960
<v Speaker 1>security threats for cybersecurity and various things. They're informational threat

423
00:24:00.039 --> 00:24:02.440
<v Speaker 1>to the American people, and we should just not be

424
00:24:02.519 --> 00:24:05.519
<v Speaker 1>able to use them. And you know, we could use

425
00:24:05.559 --> 00:24:09.279
<v Speaker 1>them for research purposes. And if you're an individual, I

426
00:24:09.279 --> 00:24:11.640
<v Speaker 1>don't think we should be telling individuals what they can

427
00:24:11.720 --> 00:24:14.279
<v Speaker 1>and cannot use. But if you're a business you want

428
00:24:14.319 --> 00:24:17.319
<v Speaker 1>to sell a product, you should not be able to

429
00:24:17.440 --> 00:24:21.000
<v Speaker 1>use it. And we've done this before with Huawei, where

430
00:24:21.000 --> 00:24:24.480
<v Speaker 1>we have effectively gone to American telecom operators and been

431
00:24:24.640 --> 00:24:28.039
<v Speaker 1>like no, like we're done not here, and I think

432
00:24:28.039 --> 00:24:30.119
<v Speaker 1>we need to do the same thing with open source models.

433
00:24:31.000 --> 00:24:33.400
<v Speaker 3>We actually did something really similar with Huawei with our

434
00:24:33.400 --> 00:24:35.839
<v Speaker 3>foreign partners too. I remember I was overseas in working

435
00:24:35.880 --> 00:24:39.599
<v Speaker 3>in the embassies and during the Trump one administration, and

436
00:24:39.640 --> 00:24:41.720
<v Speaker 3>there was a huge push throughout Europe and other partners

437
00:24:41.720 --> 00:24:45.720
<v Speaker 3>as well to hey, please abandon Huawei, please use US technology.

438
00:24:45.799 --> 00:24:47.960
<v Speaker 3>We'll create incentives for you to do that, But it

439
00:24:48.000 --> 00:24:50.119
<v Speaker 3>also requires buy in from the partner because they do

440
00:24:50.200 --> 00:24:52.519
<v Speaker 3>lose a little bit. It costs them more money to

441
00:24:52.559 --> 00:24:56.400
<v Speaker 3>adopt this despite the other non monetary incentives that the

442
00:24:56.480 --> 00:24:58.960
<v Speaker 3>US can offer them. What do you think about those

443
00:24:59.039 --> 00:24:59.759
<v Speaker 3>kind of incentives?

444
00:24:59.759 --> 00:25:04.440
<v Speaker 1>For Ai agreed, I'd run the exact same play I would.

445
00:25:04.519 --> 00:25:04.960
<v Speaker 2>I would.

446
00:25:05.039 --> 00:25:08.680
<v Speaker 1>I would literally send out, you know, US Department of

447
00:25:08.720 --> 00:25:11.880
<v Speaker 1>Commerce and used Department of State state folks to go

448
00:25:11.960 --> 00:25:14.000
<v Speaker 1>to these countries and been like, you should not use

449
00:25:14.000 --> 00:25:17.240
<v Speaker 1>this stuff, and we have other levers. By the way,

450
00:25:17.279 --> 00:25:21.519
<v Speaker 1>there's carrots and sticks that can be applied. But part

451
00:25:21.559 --> 00:25:24.440
<v Speaker 1>of that would also be, hey, well, you know here

452
00:25:24.480 --> 00:25:27.799
<v Speaker 1>we have some less expense. You know, here are some

453
00:25:27.920 --> 00:25:30.640
<v Speaker 1>less expensive models that are American that you can use.

454
00:25:30.680 --> 00:25:32.759
<v Speaker 1>And I think we work with the US companies. By

455
00:25:32.799 --> 00:25:36.440
<v Speaker 1>the way, it's it's in the interest of these big

456
00:25:36.440 --> 00:25:40.680
<v Speaker 1>companies like Anthropic and Open Ai and and Xai and

457
00:25:40.720 --> 00:25:45.440
<v Speaker 1>so forth, right two to offer these models for less money.

458
00:25:46.039 --> 00:25:48.920
<v Speaker 1>They it's a business issue for them too, because if

459
00:25:49.400 --> 00:25:51.920
<v Speaker 1>all of these startups in the US and Europe or

460
00:25:51.960 --> 00:25:55.920
<v Speaker 1>wherever start using Chinese open weight models, now they're and

461
00:25:56.000 --> 00:25:59.079
<v Speaker 1>those companies, assumably over time will get bigger and bigger.

462
00:25:59.519 --> 00:26:02.680
<v Speaker 1>Now they're not going to be customers of Anthropic and

463
00:26:02.680 --> 00:26:05.880
<v Speaker 1>open Ai and so forth, So those companies are incentivized

464
00:26:05.880 --> 00:26:08.319
<v Speaker 1>as well, and like, we just need to get everybody

465
00:26:08.359 --> 00:26:09.279
<v Speaker 1>on the same page.

466
00:26:10.160 --> 00:26:11.759
<v Speaker 3>It actually reminds me a lot of when the iPhone

467
00:26:11.759 --> 00:26:13.079
<v Speaker 3>first came out. I think it was two thousand and

468
00:26:13.119 --> 00:26:16.039
<v Speaker 3>seven when I had the very first model and there

469
00:26:16.079 --> 00:26:18.440
<v Speaker 3>was no app store at the time, and you could

470
00:26:18.480 --> 00:26:20.400
<v Speaker 3>just jail break your phone and get all these apps

471
00:26:20.400 --> 00:26:22.359
<v Speaker 3>on your phone. And then Apple saw that and they

472
00:26:22.359 --> 00:26:24.799
<v Speaker 3>were like, hold on a minute, this is our device,

473
00:26:24.880 --> 00:26:26.279
<v Speaker 3>and they create came up with the concept of the

474
00:26:26.319 --> 00:26:29.359
<v Speaker 3>wald Garden, where in order to play on an Apple device,

475
00:26:29.400 --> 00:26:31.200
<v Speaker 3>you had to be registered on Apple device and all

476
00:26:31.200 --> 00:26:33.440
<v Speaker 3>these special safeguards. And I wonder if there's like some

477
00:26:33.559 --> 00:26:35.680
<v Speaker 3>way to do that with AI, at least in the

478
00:26:35.759 --> 00:26:37.839
<v Speaker 3>United States, like you were mentioning with commerce, there might

479
00:26:37.880 --> 00:26:40.519
<v Speaker 3>be some way to create that walled garden where the

480
00:26:40.519 --> 00:26:43.720
<v Speaker 3>incentives inside the wall are much higher than outside the wall.

481
00:26:43.960 --> 00:26:46.640
<v Speaker 3>But you do have to exchange something of your sovereignty

482
00:26:46.640 --> 00:26:48.559
<v Speaker 3>a little bit to be able to play inside there.

483
00:26:49.880 --> 00:26:53.440
<v Speaker 1>Yeah, I mean these companies I suspect over time will

484
00:26:53.559 --> 00:26:56.640
<v Speaker 1>naturally create wald gardens like a great way to make money.

485
00:26:57.039 --> 00:26:58.799
<v Speaker 1>But you're right, I mean, in a sense, we did

486
00:26:58.799 --> 00:27:01.400
<v Speaker 1>this with foreign government where we said, you know, I

487
00:27:01.480 --> 00:27:05.559
<v Speaker 1>remember that time period in Trump one where it's like, okay, well,

488
00:27:05.559 --> 00:27:07.920
<v Speaker 1>if you want to have Huawei equipment on your system,

489
00:27:07.920 --> 00:27:10.079
<v Speaker 1>we're not going to share any classified information with you.

490
00:27:11.039 --> 00:27:13.519
<v Speaker 1>So if you want to play in our walled garden,

491
00:27:14.880 --> 00:27:17.599
<v Speaker 1>then you've got to go out and you've got to

492
00:27:17.640 --> 00:27:20.079
<v Speaker 1>put in like real routers and so forth, because we're

493
00:27:20.079 --> 00:27:22.160
<v Speaker 1>not going to lose our information. And it could be

494
00:27:22.200 --> 00:27:26.799
<v Speaker 1>the same. You could imagine it in terms of other

495
00:27:27.119 --> 00:27:31.119
<v Speaker 1>systems like banking systems and other commercial systems and saying

496
00:27:31.519 --> 00:27:34.440
<v Speaker 1>that's great, you're using an open source model. I guess

497
00:27:34.440 --> 00:27:37.440
<v Speaker 1>we can't legally stop you from doing it. But you

498
00:27:37.480 --> 00:27:40.079
<v Speaker 1>don't get to play in swift. You don't get to

499
00:27:40.119 --> 00:27:42.599
<v Speaker 1>play in like the banking system because we're not going

500
00:27:42.640 --> 00:27:45.279
<v Speaker 1>to accept the additional risk of you using apps that

501
00:27:45.279 --> 00:27:48.160
<v Speaker 1>were developed by a Chinese system. That might be a

502
00:27:48.160 --> 00:27:48.759
<v Speaker 1>way to do it.

503
00:27:49.960 --> 00:27:51.759
<v Speaker 3>And I'm also with you too, like I'm a less

504
00:27:51.880 --> 00:27:54.319
<v Speaker 3>regulations guy, but I also look at, especially in the

505
00:27:54.359 --> 00:27:57.359
<v Speaker 3>international community, when you have in the international relations theory

506
00:27:57.359 --> 00:28:00.519
<v Speaker 3>of how governments are black boxes and so on, how

507
00:28:00.559 --> 00:28:04.559
<v Speaker 3>do you regulate these states? Maybe regulation's wrong, Maybe there's

508
00:28:04.599 --> 00:28:07.440
<v Speaker 3>some other way at that higher level where an individual

509
00:28:07.519 --> 00:28:10.759
<v Speaker 3>company alone cannot be the one on the frontier changing

510
00:28:10.759 --> 00:28:13.079
<v Speaker 3>things for the good. You can't depend on them to

511
00:28:13.119 --> 00:28:16.240
<v Speaker 3>do that. How can states jump in there besides the

512
00:28:16.319 --> 00:28:18.559
<v Speaker 3>United States because it has to be all nations. Basically

513
00:28:18.599 --> 00:28:21.240
<v Speaker 3>this is a this is a global question. How can

514
00:28:21.279 --> 00:28:26.240
<v Speaker 3>we create incentives for states to monitor or keep safe

515
00:28:26.599 --> 00:28:27.400
<v Speaker 3>this development?

516
00:28:29.200 --> 00:28:32.200
<v Speaker 1>Yeah, this is this is like we're in this sort

517
00:28:32.240 --> 00:28:35.440
<v Speaker 1>of weird new world, right where like states almost now

518
00:28:35.680 --> 00:28:39.359
<v Speaker 1>have to think like companies and vice versa. Right, these

519
00:28:39.480 --> 00:28:45.960
<v Speaker 1>like anthropic is or any hyperscaler right, like Google almost

520
00:28:46.039 --> 00:28:48.400
<v Speaker 1>has to act like a state and deal with state threats.

521
00:28:49.240 --> 00:28:53.000
<v Speaker 1>And at the same time, our state, the government is

522
00:28:53.079 --> 00:28:57.799
<v Speaker 1>now thinking in terms of these like commercial motivations, and

523
00:28:57.839 --> 00:29:01.519
<v Speaker 1>there's no like I did a PhD in international relations,

524
00:29:01.680 --> 00:29:05.759
<v Speaker 1>and this when I did my PhD twenty years ago,

525
00:29:06.160 --> 00:29:08.640
<v Speaker 1>twenty something, you're like, none of this existed. There's no

526
00:29:08.720 --> 00:29:12.240
<v Speaker 1>theory behind this, there's no like playbook to go by,

527
00:29:12.720 --> 00:29:16.599
<v Speaker 1>and so everybody's winging it. And I think like Trump won,

528
00:29:16.839 --> 00:29:19.480
<v Speaker 1>Biden now Trump two, they've all sort of tried to

529
00:29:19.519 --> 00:29:22.440
<v Speaker 1>muddle through of how do you actually do this? And

530
00:29:22.519 --> 00:29:26.440
<v Speaker 1>it does seem to be like there's some hard edged

531
00:29:27.839 --> 00:29:31.880
<v Speaker 1>level where the government goes and says US government goes

532
00:29:31.880 --> 00:29:33.559
<v Speaker 1>and says you must do this, like we are not

533
00:29:33.640 --> 00:29:37.200
<v Speaker 1>going to share classified information with you unless you fix this.

534
00:29:37.440 --> 00:29:40.440
<v Speaker 1>So there is like a you know, hard edge old

535
00:29:40.440 --> 00:29:44.680
<v Speaker 1>school power level. Then there's like this sort of middle

536
00:29:46.359 --> 00:29:51.680
<v Speaker 1>kind of like softer edged power, like incentive structures like hey,

537
00:29:51.799 --> 00:29:55.640
<v Speaker 1>we'll subsidize some of what we're doing, or hey, I

538
00:29:55.720 --> 00:29:58.200
<v Speaker 1>you know, we see you want to refinance your you know,

539
00:29:58.880 --> 00:30:01.920
<v Speaker 1>your your World Bank debt or you know some you

540
00:30:01.960 --> 00:30:06.839
<v Speaker 1>know you want something, you want some diplomatic action from US. Okay, well,

541
00:30:06.960 --> 00:30:10.519
<v Speaker 1>like now you know Huawe's on the table or AI

542
00:30:10.680 --> 00:30:12.839
<v Speaker 1>is on the table, right, so we're going to come

543
00:30:12.920 --> 00:30:16.640
<v Speaker 1>up with like a negotiation that you get what you want,

544
00:30:16.680 --> 00:30:18.960
<v Speaker 1>We'll get what we want. And then there's like this

545
00:30:19.000 --> 00:30:23.640
<v Speaker 1>commercial level where these companies I think are in the

546
00:30:23.799 --> 00:30:27.359
<v Speaker 1>US they're being regulated and they want to play nice

547
00:30:27.400 --> 00:30:30.759
<v Speaker 1>with the government too, and where you know, the government

548
00:30:30.759 --> 00:30:34.759
<v Speaker 1>can kind of say, look, look, we we don't want

549
00:30:34.799 --> 00:30:37.160
<v Speaker 1>to regulate your business here, but we need a deal.

550
00:30:37.799 --> 00:30:39.559
<v Speaker 1>And part of that deal is we think you should

551
00:30:39.640 --> 00:30:42.240
<v Speaker 1>offer to these allies a lower cost version of what

552
00:30:42.240 --> 00:30:45.240
<v Speaker 1>you're doing, for example, So there's like a negotiation with

553
00:30:45.279 --> 00:30:47.400
<v Speaker 1>the companies as well. I think there's like those are

554
00:30:47.480 --> 00:30:51.720
<v Speaker 1>sort of the levels and this is what now, you know,

555
00:30:51.839 --> 00:30:55.319
<v Speaker 1>a national security advisor or president's chief of staff has

556
00:30:55.359 --> 00:30:57.599
<v Speaker 1>to kind of like fix, you know, muddle through.

557
00:30:58.920 --> 00:31:01.319
<v Speaker 3>And earlier in the show, D asked about frontier models.

558
00:31:01.319 --> 00:31:03.799
<v Speaker 3>I'm curious how do those fit into this conversation we're

559
00:31:03.799 --> 00:31:06.319
<v Speaker 3>having here, because it seems that frontier means that it's changing,

560
00:31:06.559 --> 00:31:08.920
<v Speaker 3>you know, by the minute. How do how do we

561
00:31:08.960 --> 00:31:09.359
<v Speaker 3>deal with that?

562
00:31:11.160 --> 00:31:15.799
<v Speaker 1>Yeah, there's like this added danger in essence of the

563
00:31:15.839 --> 00:31:19.480
<v Speaker 1>frontier models is that they're so capable, right like if

564
00:31:19.519 --> 00:31:22.319
<v Speaker 1>you use fable or something, it's so capable that it

565
00:31:22.319 --> 00:31:27.079
<v Speaker 1>can do things that are inherently dangerous. And there's this

566
00:31:27.160 --> 00:31:30.559
<v Speaker 1>question of one you sort of it seems like kind

567
00:31:30.559 --> 00:31:34.279
<v Speaker 1>of have to inoculate yourself. Like that was sort of

568
00:31:34.279 --> 00:31:36.759
<v Speaker 1>what was going on with mythos, and they were sort

569
00:31:36.799 --> 00:31:41.720
<v Speaker 1>of like, Okay, let's release this to only a few people,

570
00:31:42.000 --> 00:31:44.240
<v Speaker 1>some big companies and the government so they can kind

571
00:31:44.240 --> 00:31:48.920
<v Speaker 1>of inoculate the cybersecurity systems so that they don't immediately

572
00:31:48.960 --> 00:31:50.880
<v Speaker 1>get hacked, right, So that you have to sort of

573
00:31:50.920 --> 00:31:55.519
<v Speaker 1>do that, and then you also have to control them,

574
00:31:55.559 --> 00:31:59.200
<v Speaker 1>lock them down at some level. And that was also

575
00:31:59.279 --> 00:32:04.279
<v Speaker 1>what happened with fable right it got released, like you said,

576
00:32:04.319 --> 00:32:07.440
<v Speaker 1>it was released for like two days. Trump administration saw

577
00:32:07.519 --> 00:32:09.880
<v Speaker 1>that like, wait, people are using this in a bad way.

578
00:32:10.359 --> 00:32:13.000
<v Speaker 1>You need to get that back out, fix it before

579
00:32:13.039 --> 00:32:15.640
<v Speaker 1>you send it out. So you have to like lock

580
00:32:15.720 --> 00:32:20.400
<v Speaker 1>them down a little bit. And that, like, I think

581
00:32:20.440 --> 00:32:22.680
<v Speaker 1>that that is the future of these things. I think

582
00:32:22.720 --> 00:32:27.880
<v Speaker 1>these models are so dangerous. It'd be like imagine if

583
00:32:28.519 --> 00:32:33.440
<v Speaker 1>you know, when we first developed you know, you know,

584
00:32:33.559 --> 00:32:36.720
<v Speaker 1>the American car industry in the fifties, and we had

585
00:32:37.160 --> 00:32:41.200
<v Speaker 1>nuclear power plants on these things, and it's like some

586
00:32:41.240 --> 00:32:43.440
<v Speaker 1>people figured out how to blow up these cars and

587
00:32:43.480 --> 00:32:46.880
<v Speaker 1>blow up a city block. You'd be like wait, wait, wait, wait, wait,

588
00:32:46.920 --> 00:32:49.599
<v Speaker 1>you can't sell it like that, right. It's sort of

589
00:32:49.680 --> 00:32:52.920
<v Speaker 1>like it's like we've created these products that are truly dangerous,

590
00:32:53.519 --> 00:32:57.359
<v Speaker 1>and for better or worse, we regulate firearms and things

591
00:32:57.359 --> 00:32:59.319
<v Speaker 1>like this as well, for like the same reason, like

592
00:32:59.319 --> 00:33:02.359
<v Speaker 1>they're dangerous, and so I think we're going to have

593
00:33:02.359 --> 00:33:05.759
<v Speaker 1>to do it with AI. And then and then you

594
00:33:05.799 --> 00:33:07.680
<v Speaker 1>come up with a question, well, then what happens if

595
00:33:07.680 --> 00:33:10.640
<v Speaker 1>some other country offers a product that is non regulated,

596
00:33:10.720 --> 00:33:13.920
<v Speaker 1>like deep Seek is giving these open weight models. Well,

597
00:33:14.599 --> 00:33:16.920
<v Speaker 1>you know, if you ask me, they you're selling a

598
00:33:16.920 --> 00:33:19.640
<v Speaker 1>product in America, it should be regulated like any other

599
00:33:19.680 --> 00:33:22.480
<v Speaker 1>American product, even if you're giving it away for free,

600
00:33:23.359 --> 00:33:26.359
<v Speaker 1>like you you still have to go through the same

601
00:33:27.440 --> 00:33:28.559
<v Speaker 1>you know, the same process.

602
00:33:29.599 --> 00:33:29.759
<v Speaker 2>Yeah.

603
00:33:29.759 --> 00:33:32.680
<v Speaker 3>And actually the nuclear analogy, I've been thinking about this too,

604
00:33:32.680 --> 00:33:36.240
<v Speaker 3>because in the twenties and thirties when nuclear technology generally

605
00:33:36.440 --> 00:33:40.200
<v Speaker 3>was being discovered, essentially there was the weaponization of it,

606
00:33:40.240 --> 00:33:42.119
<v Speaker 3>but there was also the innovation of it, you know,

607
00:33:42.160 --> 00:33:46.079
<v Speaker 3>and one leads to potentially unlimited energy with fusion reaction,

608
00:33:46.240 --> 00:33:48.480
<v Speaker 3>and one leads to the destruction of the human race

609
00:33:48.480 --> 00:33:51.359
<v Speaker 3>and the entire planet. But when you're first starting out,

610
00:33:51.440 --> 00:33:53.359
<v Speaker 3>you know, splitting that first atom that's not really what's

611
00:33:53.400 --> 00:33:55.400
<v Speaker 3>on your mind. Instead, you're just fascinated by this new

612
00:33:55.400 --> 00:33:58.039
<v Speaker 3>development and how far and positive it could go. And

613
00:33:58.240 --> 00:34:01.480
<v Speaker 3>there's a book called Irrational exuber It's that really talks

614
00:34:01.480 --> 00:34:04.519
<v Speaker 3>about this in the market, where people just have this idealistic,

615
00:34:04.599 --> 00:34:06.720
<v Speaker 3>rosy eyed view of everything in the future that they're

616
00:34:07.039 --> 00:34:10.039
<v Speaker 3>touching and it actually doesn't work out that way usually.

617
00:34:10.239 --> 00:34:12.440
<v Speaker 3>How far do you think the gap is between what

618
00:34:12.519 --> 00:34:15.840
<v Speaker 3>will probably happen versus this irrational exuberance about how AI

619
00:34:15.880 --> 00:34:17.119
<v Speaker 3>will change everything for the better.

620
00:34:19.280 --> 00:34:22.159
<v Speaker 1>Yeah, I mean I'm a bit of an optimist pessimist

621
00:34:22.239 --> 00:34:25.960
<v Speaker 1>in one, right, Like I believe I just think about

622
00:34:26.079 --> 00:34:30.960
<v Speaker 1>in terms of the optimism, Like, clearly AI is going

623
00:34:31.039 --> 00:34:35.360
<v Speaker 1>to create and do amazing things. Right, We're going to

624
00:34:35.480 --> 00:34:38.159
<v Speaker 1>use it for medicine, and it's going to make better medicine.

625
00:34:38.199 --> 00:34:42.159
<v Speaker 1>We're going to use it just literally to make companies

626
00:34:42.159 --> 00:34:45.360
<v Speaker 1>in the government more efficient, which will save us all

627
00:34:45.400 --> 00:34:49.760
<v Speaker 1>sorts of money. Right, Like they're like wonderful things that are

628
00:34:49.719 --> 00:34:52.199
<v Speaker 1>gonna happen. It's also gonna you know, it's also going

629
00:34:52.280 --> 00:34:56.320
<v Speaker 1>to be really really bad, right, Like people could hack

630
00:34:56.400 --> 00:35:01.119
<v Speaker 1>into things, people might make bioweapons. It's probably going to

631
00:35:01.159 --> 00:35:04.119
<v Speaker 1>put all sorts of people out of work, right, and

632
00:35:04.199 --> 00:35:07.199
<v Speaker 1>so it's like any other technology. It's like saying the internet.

633
00:35:07.239 --> 00:35:09.840
<v Speaker 1>The Internet was great and people got to communicate and

634
00:35:09.880 --> 00:35:12.559
<v Speaker 1>we got all sorts of memes and fun stuff out

635
00:35:12.559 --> 00:35:14.519
<v Speaker 1>of it, but also at the same time we got

636
00:35:14.679 --> 00:35:18.360
<v Speaker 1>cyber hacking and we got cyber bullying and like all

637
00:35:18.400 --> 00:35:20.159
<v Speaker 1>of these bad things. So I think it will be

638
00:35:20.199 --> 00:35:24.039
<v Speaker 1>the same. And the I think the question we're going

639
00:35:24.119 --> 00:35:28.519
<v Speaker 1>to face is how do we control something like AI

640
00:35:29.840 --> 00:35:33.800
<v Speaker 1>And like even the Internet, which can seem pretty uncontrolled,

641
00:35:34.159 --> 00:35:37.320
<v Speaker 1>like does have some controls right, Like there there there

642
00:35:37.320 --> 00:35:41.320
<v Speaker 1>are some minimal controls. We usually go through corporations to

643
00:35:41.360 --> 00:35:46.679
<v Speaker 1>make those controls. Like the actual laws governing are pretty weak.

644
00:35:46.760 --> 00:35:50.519
<v Speaker 1>But historically we've done this again and again. In Japan

645
00:35:51.159 --> 00:35:56.719
<v Speaker 1>for two hundred years, the Japanese made firearms illegal, and

646
00:35:57.239 --> 00:35:59.559
<v Speaker 1>you know, think of that, like for two hundred years,

647
00:35:59.679 --> 00:36:03.480
<v Speaker 1>they have the technology. They fought wars with firearms. Not

648
00:36:03.559 --> 00:36:06.000
<v Speaker 1>a lot of people realize this, but like Samurais were

649
00:36:06.039 --> 00:36:11.639
<v Speaker 1>fighting with with rifles and then and then basically this

650
00:36:11.639 --> 00:36:16.199
<v Speaker 1>this one you know, Samurai leader Won Tokugawa and he

651
00:36:16.239 --> 00:36:19.239
<v Speaker 1>said that's it, like we're not using firearms and you

652
00:36:19.280 --> 00:36:21.920
<v Speaker 1>can only use them for hunting. That's all they used

653
00:36:21.960 --> 00:36:25.440
<v Speaker 1>them for, was like hunting for two hundred years. So

654
00:36:25.480 --> 00:36:30.159
<v Speaker 1>it can be done. Societies can control technologies or think

655
00:36:30.199 --> 00:36:32.719
<v Speaker 1>of like the printing press, like there's been all sorts

656
00:36:32.760 --> 00:36:35.440
<v Speaker 1>of attempts. Sometimes you try to control technologies and it

657
00:36:35.480 --> 00:36:38.880
<v Speaker 1>doesn't work right. The you know, we used to send

658
00:36:38.920 --> 00:36:42.719
<v Speaker 1>copy machines to the Soviet Union to like undermine, you know,

659
00:36:42.800 --> 00:36:46.559
<v Speaker 1>the Soviet government because we wanted people to pass around

660
00:36:46.719 --> 00:36:51.119
<v Speaker 1>secret information, not secret like information they didn't want passed

661
00:36:51.119 --> 00:36:55.400
<v Speaker 1>around like political information. So I think we're gonna, you know,

662
00:36:55.480 --> 00:36:58.119
<v Speaker 1>we're sort of entering a period of history in America

663
00:36:58.159 --> 00:37:00.599
<v Speaker 1>in particular where we're gonna have to figure out how

664
00:37:00.599 --> 00:37:05.159
<v Speaker 1>to control this technology before you know, the downside outweighs

665
00:37:05.159 --> 00:37:05.760
<v Speaker 1>a good side.

666
00:37:06.880 --> 00:37:08.559
<v Speaker 2>Antony, I got a question, what do you make of

667
00:37:08.679 --> 00:37:11.119
<v Speaker 2>the people that are saying that all the talk about

668
00:37:11.119 --> 00:37:13.719
<v Speaker 2>mythos and fable and then I think open Ai came

669
00:37:13.760 --> 00:37:16.199
<v Speaker 2>out with their version in terms of saying, oh, yeah,

670
00:37:16.199 --> 00:37:20.880
<v Speaker 2>it's very dangerous that being all a marketing kind of

671
00:37:21.039 --> 00:37:24.199
<v Speaker 2>hype thing to keep juice in their valuations.

672
00:37:25.719 --> 00:37:29.719
<v Speaker 1>I mean, if you ask me personally, like I think

673
00:37:29.760 --> 00:37:33.760
<v Speaker 1>probably both things are true, like that it is absolutely

674
00:37:33.800 --> 00:37:38.039
<v Speaker 1>a marketing hype thing. The timing was not accidental on

675
00:37:38.119 --> 00:37:41.840
<v Speaker 1>the release of you know, the Mythos model to you know,

676
00:37:41.960 --> 00:37:45.960
<v Speaker 1>as Anthropic was going through some stressful times with the

677
00:37:46.000 --> 00:37:49.159
<v Speaker 1>government to remind the government that this was like a

678
00:37:49.199 --> 00:37:52.119
<v Speaker 1>really powerful technology and they wanted access to it, right,

679
00:37:52.400 --> 00:37:55.519
<v Speaker 1>And then it wasn't accidental that chat cheet you know

680
00:37:55.599 --> 00:37:58.280
<v Speaker 1>that that open Ai released its model that did the

681
00:37:58.280 --> 00:38:01.800
<v Speaker 1>same thing not too long afterwards to remind everybody, hey,

682
00:38:01.880 --> 00:38:04.400
<v Speaker 1>we also have a powerful model, right, Like I think

683
00:38:04.400 --> 00:38:08.519
<v Speaker 1>that's probably true just me reading you know, the news

684
00:38:08.639 --> 00:38:12.599
<v Speaker 1>about these things, but also it's real, Like I mean,

685
00:38:12.639 --> 00:38:14.880
<v Speaker 1>I think you can just hop on these models right

686
00:38:14.880 --> 00:38:18.000
<v Speaker 1>now and see how powerful they are. Like it feels like,

687
00:38:18.559 --> 00:38:21.199
<v Speaker 1>you know agi and we just don't want to say it,

688
00:38:21.239 --> 00:38:25.239
<v Speaker 1>Like it feels like they've created models now that can

689
00:38:25.280 --> 00:38:29.079
<v Speaker 1>do almost anything that a person can do other than

690
00:38:29.119 --> 00:38:31.880
<v Speaker 1>maybe the most talented super geniuses in the world.

691
00:38:33.079 --> 00:38:33.519
<v Speaker 2>And so.

692
00:38:35.519 --> 00:38:38.199
<v Speaker 1>I do I do think like even if it was,

693
00:38:38.320 --> 00:38:44.800
<v Speaker 1>for example, let's say Mythos wasn't the best cybersecurity operator

694
00:38:45.000 --> 00:38:47.840
<v Speaker 1>our nation has ever produced, like you know, the best

695
00:38:47.880 --> 00:38:50.159
<v Speaker 1>guy at NSA or something, but it was just like

696
00:38:50.480 --> 00:38:53.239
<v Speaker 1>a pretty good guy, like it was a pretty good hacker,

697
00:38:53.320 --> 00:38:56.119
<v Speaker 1>like somebody who had ten years experience. Well, just that

698
00:38:56.199 --> 00:38:58.920
<v Speaker 1>you can do it at scale, for example, that you

699
00:38:58.960 --> 00:39:01.719
<v Speaker 1>can do it doesn't sleep, it doesn't rest, you can

700
00:39:01.760 --> 00:39:04.960
<v Speaker 1>spin up as many agents and instances as you want.

701
00:39:05.320 --> 00:39:10.400
<v Speaker 1>And like, just that alone makes it dangerous. And as

702
00:39:10.440 --> 00:39:12.599
<v Speaker 1>it gets better and better, and I do think it will,

703
00:39:12.880 --> 00:39:15.199
<v Speaker 1>you know, these things are probably closing in on being

704
00:39:15.199 --> 00:39:19.960
<v Speaker 1>as good as any person is, then you know it

705
00:39:20.079 --> 00:39:21.119
<v Speaker 1>is truly powerful.

706
00:39:22.079 --> 00:39:25.480
<v Speaker 3>We talked a lot about the threat the product might pose.

707
00:39:25.880 --> 00:39:27.840
<v Speaker 3>But I'm curious from your perspective. You know, you've worked

708
00:39:27.880 --> 00:39:29.599
<v Speaker 3>in finance. You we're a managing director, You've been at

709
00:39:29.599 --> 00:39:32.840
<v Speaker 3>Bridgewatery've been at Service. There's a lot of circular financing

710
00:39:32.880 --> 00:39:34.960
<v Speaker 3>going on that a lot of a lot of articles

711
00:39:35.000 --> 00:39:36.920
<v Speaker 3>like Financial Times, Wall Street Journal, like this is actually

712
00:39:36.960 --> 00:39:39.559
<v Speaker 3>like a weekly thing that many articles about this, a

713
00:39:39.559 --> 00:39:42.599
<v Speaker 3>lot of huh. And I'm curious what your view is

714
00:39:42.599 --> 00:39:45.000
<v Speaker 3>of that, you know, analytically, from what you what you

715
00:39:45.199 --> 00:39:48.960
<v Speaker 3>know from the market as far as value circularity, especially

716
00:39:49.000 --> 00:39:51.400
<v Speaker 3>from Nvidia investing in a lot of these other firms

717
00:39:51.440 --> 00:39:54.320
<v Speaker 3>that have very significant interests in Nvidia and all these

718
00:39:54.360 --> 00:39:54.800
<v Speaker 3>kind of things.

719
00:39:55.960 --> 00:39:59.679
<v Speaker 1>Yeah, I mean, how do you put together a trillion

720
00:39:59.719 --> 00:40:02.840
<v Speaker 1>dollar as a capex or four trillion? I mean I've

721
00:40:02.880 --> 00:40:05.599
<v Speaker 1>heard different numbers like how are you going to finance that?

722
00:40:06.840 --> 00:40:10.000
<v Speaker 1>And in a sense, you know, just taking a step back,

723
00:40:10.039 --> 00:40:15.400
<v Speaker 1>it's actually one of America's advantages versus China is that

724
00:40:15.480 --> 00:40:21.199
<v Speaker 1>we have the ability to finance just about anything right privately.

725
00:40:21.480 --> 00:40:24.559
<v Speaker 1>Like think of that, all this finance is happening without

726
00:40:25.000 --> 00:40:30.159
<v Speaker 1>really any tax dollars, just happening privately, and we're building it.

727
00:40:30.519 --> 00:40:32.519
<v Speaker 1>And so how do you you know, you can look

728
00:40:32.559 --> 00:40:35.880
<v Speaker 1>back at other times we've financed like huge capex. So

729
00:40:36.079 --> 00:40:39.199
<v Speaker 1>the railroads, like in the eighteen hundreds, that was probably

730
00:40:39.239 --> 00:40:42.800
<v Speaker 1>an equivalent like how do you build railroads across all

731
00:40:42.800 --> 00:40:46.519
<v Speaker 1>of America which are eventually going to unlock an immense

732
00:40:46.519 --> 00:40:49.400
<v Speaker 1>amount of value? Well, like railroads, like they had to

733
00:40:49.440 --> 00:40:52.880
<v Speaker 1>use bonds and things like this to do that. Then

734
00:40:52.960 --> 00:40:56.159
<v Speaker 1>you look at the interstate highway system, right and like

735
00:40:56.800 --> 00:41:01.400
<v Speaker 1>partially private, privately funded, but like the majority of it

736
00:41:01.480 --> 00:41:05.880
<v Speaker 1>was government funded. And by the way, Eisenhower like part

737
00:41:05.920 --> 00:41:08.559
<v Speaker 1>of how we got that through Congress is he turned

738
00:41:08.559 --> 00:41:11.639
<v Speaker 1>it into a national security issue. Not a lot of

739
00:41:11.679 --> 00:41:15.400
<v Speaker 1>people have heard this, but like the reason bridges over

740
00:41:15.480 --> 00:41:18.039
<v Speaker 1>interstates or the height that they are is that they

741
00:41:18.079 --> 00:41:21.800
<v Speaker 1>had to be able to fit a truck holding a

742
00:41:21.880 --> 00:41:26.360
<v Speaker 1>nuclear missile under them, like that they're high enough. That's

743
00:41:26.400 --> 00:41:29.800
<v Speaker 1>how they determine that height. And so he was like, well,

744
00:41:29.840 --> 00:41:31.760
<v Speaker 1>in the event of nuclear war, we might have to

745
00:41:31.840 --> 00:41:34.519
<v Speaker 1>drive these missiles around. And so this is a new

746
00:41:34.599 --> 00:41:36.360
<v Speaker 1>you know, this is like part of our you know,

747
00:41:36.440 --> 00:41:39.639
<v Speaker 1>warfare logistics system. And that's how that's partially how we

748
00:41:39.679 --> 00:41:42.800
<v Speaker 1>got that money together. And then you look at like Telecom,

749
00:41:42.840 --> 00:41:44.920
<v Speaker 1>like at and T. We let them be a monopoly

750
00:41:45.800 --> 00:41:49.880
<v Speaker 1>for like almost a century because we knew that they

751
00:41:49.920 --> 00:41:51.760
<v Speaker 1>had so much capex. So now I think we're in

752
00:41:51.800 --> 00:41:55.719
<v Speaker 1>another situation where we have an immense amount of capex

753
00:41:55.760 --> 00:42:00.320
<v Speaker 1>that we require to have this big, big future payoff, right,

754
00:42:00.920 --> 00:42:03.360
<v Speaker 1>And how do you put that money together? Nobody wants

755
00:42:03.440 --> 00:42:05.719
<v Speaker 1>to use the government to do it, and so they're

756
00:42:05.760 --> 00:42:09.199
<v Speaker 1>finding whatever financing means that they can do, and like

757
00:42:09.519 --> 00:42:14.199
<v Speaker 1>they've happened on this like it is a circular financing system.

758
00:42:14.519 --> 00:42:17.480
<v Speaker 1>And then you have to ask yourself, Okay, do we

759
00:42:17.960 --> 00:42:20.000
<v Speaker 1>really believe that it will be as big as you

760
00:42:20.039 --> 00:42:21.760
<v Speaker 1>say it will at the end? And if so, this

761
00:42:21.880 --> 00:42:24.760
<v Speaker 1>is a great deal, right, Like you kind of look

762
00:42:24.800 --> 00:42:26.840
<v Speaker 1>at it and you're like, well, actually, I think, like

763
00:42:27.639 --> 00:42:31.440
<v Speaker 1>you know, Anthropic is a steal at two trillion dollars,

764
00:42:32.039 --> 00:42:33.719
<v Speaker 1>like and this is going to be a twenty trillion

765
00:42:33.719 --> 00:42:35.960
<v Speaker 1>dollar company and they should spend any amount of money

766
00:42:36.000 --> 00:42:40.920
<v Speaker 1>they want on Capex and it doesn't matter. That is

767
00:42:41.119 --> 00:42:44.840
<v Speaker 1>like the personal assessment of everybody invests in these companies

768
00:42:44.920 --> 00:42:45.719
<v Speaker 1>to make that call.

769
00:42:47.039 --> 00:42:50.840
<v Speaker 3>Right. Actually, the railroad example is excellent because a lot

770
00:42:50.840 --> 00:42:53.280
<v Speaker 3>of the Panics in the nineteenth century after the railroads

771
00:42:53.320 --> 00:42:57.280
<v Speaker 3>started was because of these bondishuances and speculation on future

772
00:42:57.360 --> 00:43:00.320
<v Speaker 3>value that could really it was hard to calculate. And

773
00:43:00.400 --> 00:43:02.360
<v Speaker 3>like the Panic of nineteen oh three, for example, when

774
00:43:02.400 --> 00:43:04.880
<v Speaker 3>JP Morgan stepped in and basically save the US banking

775
00:43:04.920 --> 00:43:08.760
<v Speaker 3>system voluntarily as a private citizen. I mean, that's fantastic.

776
00:43:08.840 --> 00:43:11.079
<v Speaker 3>I wonder is it possible now, especially with things like

777
00:43:11.119 --> 00:43:14.679
<v Speaker 3>Blue Owl and other private credit runs on private credit,

778
00:43:14.719 --> 00:43:17.280
<v Speaker 3>which are very interesting derivatives of the two thousand and

779
00:43:17.280 --> 00:43:19.840
<v Speaker 3>seven financial crisis of you know, actual banks doing this

780
00:43:19.880 --> 00:43:22.440
<v Speaker 3>and now it's non banks that are doing it. I'm

781
00:43:22.480 --> 00:43:24.880
<v Speaker 3>curious if that did happen. Let's say doomsday happens, there's

782
00:43:24.920 --> 00:43:29.639
<v Speaker 3>a panic market failure. Are there private individuals like the Carnegie,

783
00:43:29.760 --> 00:43:32.679
<v Speaker 3>like Jay Gould, like JP Morgan that could step in

784
00:43:32.719 --> 00:43:34.039
<v Speaker 3>and actually help.

785
00:43:36.599 --> 00:43:40.719
<v Speaker 1>H Well, I don't know if they. Yeah, that's a

786
00:43:40.719 --> 00:43:44.880
<v Speaker 1>great question. That's an interesting one to think about. I meane,

787
00:43:45.000 --> 00:43:48.079
<v Speaker 1>one interesting thing is that the amount of wealth in

788
00:43:48.159 --> 00:43:52.039
<v Speaker 1>private hands right now is huge. Like that you know,

789
00:43:52.119 --> 00:43:54.440
<v Speaker 1>we had an individual who was for a brief minute

790
00:43:54.480 --> 00:43:59.159
<v Speaker 1>a trillionaire, is like incredible to even comprehend. And so

791
00:44:00.239 --> 00:44:04.719
<v Speaker 1>you know, in some sense you could kind of argue

792
00:44:04.760 --> 00:44:07.599
<v Speaker 1>that these circular financing deals are a little bit of

793
00:44:07.639 --> 00:44:12.480
<v Speaker 1>this right where they're like, hey, we know that this

794
00:44:12.679 --> 00:44:17.400
<v Speaker 1>infrastructure has to be out there. Our personal valuations are

795
00:44:17.440 --> 00:44:21.000
<v Speaker 1>based on this, you know, whether I'm Larry Ellison or

796
00:44:21.000 --> 00:44:26.039
<v Speaker 1>Elon Musk or like choose your choose your billionaire. So

797
00:44:26.360 --> 00:44:28.960
<v Speaker 1>I'm going to We're going to figure out some way

798
00:44:29.079 --> 00:44:34.400
<v Speaker 1>to finance these things and take like huge amounts of

799
00:44:34.480 --> 00:44:39.760
<v Speaker 1>risk if it all comes tumbling down, Like what what

800
00:44:39.840 --> 00:44:42.000
<v Speaker 1>will happen? I don't know. I think like the real

801
00:44:42.079 --> 00:44:45.679
<v Speaker 1>danger today that's different from back then is like everybody

802
00:44:45.679 --> 00:44:49.239
<v Speaker 1>who has a pension is now exposed to these companies

803
00:44:50.119 --> 00:44:53.239
<v Speaker 1>and so in the case that you know, there was

804
00:44:53.280 --> 00:44:56.199
<v Speaker 1>a tumbling in stock market valuation, like that would really

805
00:44:56.239 --> 00:45:00.480
<v Speaker 1>take a toll, especially on like retirees, right like could

806
00:45:00.519 --> 00:45:03.320
<v Speaker 1>and then we've been in a high inflation environment for

807
00:45:03.320 --> 00:45:06.400
<v Speaker 1>a while and so things are just like literally more expensive,

808
00:45:07.360 --> 00:45:09.920
<v Speaker 1>which is okay if your pension is doing really well,

809
00:45:10.000 --> 00:45:14.559
<v Speaker 1>but if your pension takes a tumble, and so you know, look,

810
00:45:14.719 --> 00:45:17.719
<v Speaker 1>I'll tell you this. I think that and maybe we

811
00:45:17.760 --> 00:45:21.800
<v Speaker 1>can get into it. I think that it's inevitable that

812
00:45:22.159 --> 00:45:26.920
<v Speaker 1>these companies are at least partially nationalized because of all

813
00:45:26.960 --> 00:45:29.920
<v Speaker 1>of this, because there are such a possible threat to

814
00:45:29.960 --> 00:45:34.400
<v Speaker 1>the economy, but also that the upside risk is potentially

815
00:45:34.519 --> 00:45:38.039
<v Speaker 1>so high that these companies may be worth so much

816
00:45:38.679 --> 00:45:41.480
<v Speaker 1>that the American people are going to want a piece

817
00:45:41.519 --> 00:45:43.000
<v Speaker 1>of that action, and the government's going to want a

818
00:45:43.000 --> 00:45:45.760
<v Speaker 1>piece of that action, and like taxes are not really

819
00:45:45.800 --> 00:45:49.000
<v Speaker 1>capturing it. And that there is this feeling which I

820
00:45:49.000 --> 00:45:51.719
<v Speaker 1>think is rightfully so that these AI models are built

821
00:45:51.840 --> 00:45:57.880
<v Speaker 1>upon all of our knowledge, like as individuals and historically

822
00:45:57.880 --> 00:46:00.559
<v Speaker 1>going back centuries, so sort of you in a sense

823
00:46:00.639 --> 00:46:02.400
<v Speaker 1>belong to some of us. So I think it's inevitable

824
00:46:02.440 --> 00:46:03.639
<v Speaker 1>these things to get nationalized.

825
00:46:04.880 --> 00:46:07.199
<v Speaker 3>That's actually an interesting point because at and T that

826
00:46:07.239 --> 00:46:09.199
<v Speaker 3>you brought up earlier, At and T and the National

827
00:46:09.239 --> 00:46:11.840
<v Speaker 3>Security Agency had a very close relationship since the nineteen

828
00:46:11.880 --> 00:46:14.480
<v Speaker 3>forty seven National Security Act that formed the National Security Agency,

829
00:46:14.880 --> 00:46:18.440
<v Speaker 3>and it only grew closer over time. And I immediately

830
00:46:18.480 --> 00:46:21.199
<v Speaker 3>think about with AI, if it was nationalized, probably a

831
00:46:21.280 --> 00:46:23.880
<v Speaker 3>very similar activity would happen where there is an embedded

832
00:46:23.880 --> 00:46:26.760
<v Speaker 3>way where the US intelligence community has some kind of

833
00:46:26.920 --> 00:46:31.280
<v Speaker 3>very special access to this, you know, amazing technology that

834
00:46:31.559 --> 00:46:33.480
<v Speaker 3>the average person does not and other states do not,

835
00:46:33.599 --> 00:46:36.679
<v Speaker 3>and it would create these whole new counterintelligence problems for

836
00:46:36.719 --> 00:46:39.480
<v Speaker 3>the United States obviously, but of course there'd benefits at

837
00:46:39.480 --> 00:46:40.880
<v Speaker 3>the same time. It's just kind of an interesting thought

838
00:46:40.880 --> 00:46:43.480
<v Speaker 3>experiment to see, like, where does this go, the symbiosis

839
00:46:43.519 --> 00:46:47.480
<v Speaker 3>between national security and a nationalized asset that is so powerful.

840
00:46:49.039 --> 00:46:52.400
<v Speaker 1>And you might even read the you know what's kind

841
00:46:52.440 --> 00:46:55.199
<v Speaker 1>of happened with AI over the last year and a

842
00:46:55.239 --> 00:46:58.760
<v Speaker 1>half or so or two years and say, well, it's

843
00:46:58.800 --> 00:47:02.440
<v Speaker 1>already kind of happening, right, Like the all of the

844
00:47:02.920 --> 00:47:06.239
<v Speaker 1>big model companies were tripping over themselves to do a

845
00:47:06.320 --> 00:47:10.679
<v Speaker 1>deal with the Department of War, right even though as

846
00:47:10.760 --> 00:47:13.480
<v Speaker 1>like a market. It's not going to be their biggest market.

847
00:47:14.360 --> 00:47:17.840
<v Speaker 1>Like everybody thinks the Department of Ward trillion dollar budget

848
00:47:18.039 --> 00:47:22.400
<v Speaker 1>is big, Like a trillion dollar budget is like you know,

849
00:47:22.679 --> 00:47:24.840
<v Speaker 1>I don't know how much you Americans spent on you know,

850
00:47:25.000 --> 00:47:28.639
<v Speaker 1>snack food per year. I'm sure it's more than a

851
00:47:28.679 --> 00:47:32.880
<v Speaker 1>trillion dollars, right, Like it's it's like, it's not actually

852
00:47:32.920 --> 00:47:34.519
<v Speaker 1>that big. And by the way, most of it is

853
00:47:34.559 --> 00:47:38.880
<v Speaker 1>spent on people, so and and and then of the

854
00:47:39.000 --> 00:47:41.880
<v Speaker 1>remainder after people, most of that is spent on like

855
00:47:42.000 --> 00:47:45.519
<v Speaker 1>facilities and upkeeping, ships and stuff like that. Like the

856
00:47:45.639 --> 00:47:49.400
<v Speaker 1>actual it budget, it's big, but it's not it's not

857
00:47:49.519 --> 00:47:53.599
<v Speaker 1>that big. And so in some sense, these companies have

858
00:47:53.679 --> 00:47:57.239
<v Speaker 1>already done what you're saying and have like created this

859
00:47:57.400 --> 00:48:01.000
<v Speaker 1>relationship with the government. And I suspect again I'm just

860
00:48:01.480 --> 00:48:05.280
<v Speaker 1>going this is just my like personal analytical read like

861
00:48:05.320 --> 00:48:08.480
<v Speaker 1>I have no knowledge, but I suspect it's because they

862
00:48:08.920 --> 00:48:13.079
<v Speaker 1>realized that they need to play nice with national security

863
00:48:13.119 --> 00:48:16.199
<v Speaker 1>and be helpful if they don't, if they don't want

864
00:48:16.199 --> 00:48:17.519
<v Speaker 1>to face the threat of regulation.

865
00:48:19.000 --> 00:48:21.920
<v Speaker 2>What does helpful mean? Exactly, like just trampling over the

866
00:48:21.960 --> 00:48:25.119
<v Speaker 2>Fourth Amendment exactly, Like what does that mean, like, what

867
00:48:25.280 --> 00:48:27.000
<v Speaker 2>is helpful me because like you know, the whole beef

868
00:48:27.000 --> 00:48:31.440
<v Speaker 2>against the d OD and Tropic was supposedly and I

869
00:48:31.480 --> 00:48:33.320
<v Speaker 2>could see that could be also seen as like a

870
00:48:33.400 --> 00:48:37.079
<v Speaker 2>marketing ploy too, that they had issues with Fourth Amendment

871
00:48:37.079 --> 00:48:41.079
<v Speaker 2>stuff like a surveillance on American citizens and stuff like that.

872
00:48:41.079 --> 00:48:42.719
<v Speaker 2>That was a big part of it. And then open air,

873
00:48:42.760 --> 00:48:45.159
<v Speaker 2>I just jumped in there, happy to do it, you

874
00:48:45.159 --> 00:48:47.760
<v Speaker 2>know what I mean? Uh? And I get that because

875
00:48:47.800 --> 00:48:50.199
<v Speaker 2>you know, even Sam Altman said over the last couple

876
00:48:50.239 --> 00:48:53.119
<v Speaker 2>of years, like at some point it's maybe that'd be

877
00:48:53.280 --> 00:48:58.039
<v Speaker 2>some financial uh some governmental like money coming in and

878
00:48:58.079 --> 00:49:00.000
<v Speaker 2>stuff like that, right, because you know at some point

879
00:49:00.039 --> 00:49:05.039
<v Speaker 2>private DEC's gonna run out and uh so, yeah, what

880
00:49:05.199 --> 00:49:08.079
<v Speaker 2>its back to my point is like the Fourth Amendment

881
00:49:08.119 --> 00:49:09.760
<v Speaker 2>does that count for anything?

882
00:49:09.960 --> 00:49:10.239
<v Speaker 3>Or no?

883
00:49:11.800 --> 00:49:14.000
<v Speaker 1>Well, look here here's how I here's how I look

884
00:49:14.039 --> 00:49:19.480
<v Speaker 1>at it. And it again, I'm reading the I'm reading

885
00:49:19.519 --> 00:49:26.079
<v Speaker 1>the uh the same news right as everybody else. And

886
00:49:26.239 --> 00:49:29.920
<v Speaker 1>the sticking point seemed to be about whether the Department

887
00:49:29.920 --> 00:49:34.599
<v Speaker 1>of War could use this for all legal means, which

888
00:49:35.199 --> 00:49:38.440
<v Speaker 1>at one level is like fair, yes, like it's the

889
00:49:38.480 --> 00:49:42.840
<v Speaker 1>American people who determine through policymakers what's legal, Like, we

890
00:49:42.920 --> 00:49:47.039
<v Speaker 1>pass laws, we have judges who you know, adjudicate those laws,

891
00:49:47.119 --> 00:49:48.760
<v Speaker 1>and then we say this is legal, this is a

892
00:49:48.840 --> 00:49:52.880
<v Speaker 1>legal thing to do. And so what counts as surveillance. Well,

893
00:49:53.519 --> 00:49:56.119
<v Speaker 1>I don't know. Some things like we have, we've had

894
00:49:56.159 --> 00:49:58.960
<v Speaker 1>wires happening since we've had phones. It's I think if

895
00:49:58.960 --> 00:50:01.599
<v Speaker 1>you ask to average America can like should the FBI

896
00:50:01.719 --> 00:50:05.920
<v Speaker 1>be able to wiretap you know, of Mafia Mafia Don's phone,

897
00:50:05.960 --> 00:50:07.920
<v Speaker 1>they'd probably be like, yeah, that seems like I've seen

898
00:50:07.920 --> 00:50:10.920
<v Speaker 1>that with a warrant. With a warrant, right, so we's

899
00:50:11.079 --> 00:50:13.800
<v Speaker 1>established some rules around it, right, So but we accept

900
00:50:13.800 --> 00:50:16.920
<v Speaker 1>that there's some level of surveillance that's acceptable and legal,

901
00:50:17.280 --> 00:50:20.280
<v Speaker 1>and then there's some level of surveillance that's not where

902
00:50:20.320 --> 00:50:23.199
<v Speaker 1>we're just like, no, you can't just like listen to

903
00:50:23.400 --> 00:50:26.960
<v Speaker 1>everything we're doing without a warrant and without any reason

904
00:50:27.000 --> 00:50:29.880
<v Speaker 1>to believe they would do this. This is like completely

905
00:50:30.039 --> 00:50:34.039
<v Speaker 1>breaking the constitution. And you know, I think that Edward

906
00:50:34.079 --> 00:50:38.639
<v Speaker 1>Snowden like revolutions like really got people very nervous about

907
00:50:38.639 --> 00:50:42.719
<v Speaker 1>what would be possible. So there's so if you just

908
00:50:42.840 --> 00:50:46.960
<v Speaker 1>kind of break apart this question, like, yes, it seems

909
00:50:47.440 --> 00:50:53.239
<v Speaker 1>reasonable that the Department of War or intelligence community or

910
00:50:53.360 --> 00:50:55.559
<v Speaker 1>law enforcement community in the US government should be able

911
00:50:55.559 --> 00:50:58.800
<v Speaker 1>to do anything legal that it wants, like that seems

912
00:50:59.000 --> 00:51:02.599
<v Speaker 1>reasonable with what it's buying. Then this question of well,

913
00:51:02.599 --> 00:51:05.480
<v Speaker 1>what should it be able to do legally is now

914
00:51:05.519 --> 00:51:11.119
<v Speaker 1>a policy question and a politics question and an oversight question, right,

915
00:51:11.280 --> 00:51:16.840
<v Speaker 1>because you know, you could argue that, like it gets

916
00:51:16.840 --> 00:51:20.199
<v Speaker 1>really subtle with Edward Snowden revelations, but like some of

917
00:51:20.960 --> 00:51:25.639
<v Speaker 1>some of what he was telling the public in these

918
00:51:25.679 --> 00:51:29.840
<v Speaker 1>documents was legal, Like it was perfectly legal, like the

919
00:51:29.880 --> 00:51:31.639
<v Speaker 1>government said, this is how we do it. We have

920
00:51:31.960 --> 00:51:35.000
<v Speaker 1>and then in some cases he's saying, you know, and

921
00:51:35.039 --> 00:51:37.920
<v Speaker 1>I'm not a legal expert on this, but it appears

922
00:51:37.960 --> 00:51:40.199
<v Speaker 1>that he's saying, well, there are these cases where it

923
00:51:40.280 --> 00:51:44.000
<v Speaker 1>wasn't legal that people cross the chalk line, that they

924
00:51:44.000 --> 00:51:47.000
<v Speaker 1>were doing things they shouldn't do. Now that's oversight. So

925
00:51:48.039 --> 00:51:51.960
<v Speaker 1>even for this AI situation, the Department of War is

926
00:51:51.960 --> 00:51:55.400
<v Speaker 1>not saying we're going to do illegal things. They're saying

927
00:51:55.440 --> 00:51:57.920
<v Speaker 1>we're just going to do legal things, and they should

928
00:51:57.920 --> 00:51:59.920
<v Speaker 1>be held to oversight so that they do those things.

929
00:52:00.079 --> 00:52:03.960
<v Speaker 1>And so you'll get the AI company. And look, I

930
00:52:04.000 --> 00:52:08.000
<v Speaker 1>do think that at a moral level. Somebody works on AI.

931
00:52:08.760 --> 00:52:10.519
<v Speaker 1>You don't want your AI to be used to do

932
00:52:10.599 --> 00:52:15.280
<v Speaker 1>illegal things or even like bend the rules, right, Like

933
00:52:15.360 --> 00:52:18.199
<v Speaker 1>you don't even want to get close to the chalk line.

934
00:52:18.559 --> 00:52:20.480
<v Speaker 1>And I get that, and I think that that's a

935
00:52:20.519 --> 00:52:26.079
<v Speaker 1>good ethical place to sit. So, like it's a complicated debate, right,

936
00:52:26.239 --> 00:52:29.480
<v Speaker 1>like do you do the legal things? I don't think

937
00:52:29.519 --> 00:52:35.000
<v Speaker 1>that you know, I you know, to to to to

938
00:52:35.000 --> 00:52:39.679
<v Speaker 1>to to like close it out. I think that you

939
00:52:40.239 --> 00:52:43.639
<v Speaker 1>have to decide between you want the American people to

940
00:52:43.639 --> 00:52:46.079
<v Speaker 1>decide what's legal. You want the government to have the

941
00:52:46.119 --> 00:52:50.559
<v Speaker 1>oversight to determine and ensure that it's done legally, And

942
00:52:50.599 --> 00:52:54.519
<v Speaker 1>you don't necessarily want a situation where companies get to

943
00:52:54.519 --> 00:52:58.400
<v Speaker 1>determine what is legal or not usage like that's not

944
00:52:58.480 --> 00:53:02.559
<v Speaker 1>really up to the company. But also at the same time,

945
00:53:03.320 --> 00:53:06.159
<v Speaker 1>some of these things don't have a legal precedent, and

946
00:53:06.280 --> 00:53:09.199
<v Speaker 1>so you do want companies to be careful, and like

947
00:53:09.239 --> 00:53:11.079
<v Speaker 1>I kind of applaud that cautiousness.

948
00:53:12.199 --> 00:53:14.719
<v Speaker 3>The surveillance issue is very interesting because I think a

949
00:53:14.719 --> 00:53:18.639
<v Speaker 3>lot of Americans don't know what is legal, and these

950
00:53:18.719 --> 00:53:21.880
<v Speaker 3>laws are created by people they elected, Like the Patriot Act,

951
00:53:21.920 --> 00:53:24.920
<v Speaker 3>for example, allows warrantless, Why are tapping in some situations?

952
00:53:25.000 --> 00:53:27.760
<v Speaker 3>That wasn't just made up. That was a drafted law

953
00:53:28.039 --> 00:53:31.599
<v Speaker 3>by elected officials that people in America elected, and those

954
00:53:31.599 --> 00:53:34.159
<v Speaker 3>officials enacted the policy that those people gave them mandate

955
00:53:34.159 --> 00:53:35.920
<v Speaker 3>to an act. Which is very interesting because then people

956
00:53:35.920 --> 00:53:39.440
<v Speaker 3>complain afterwards like, oh, this was unconstitutional. Well, you elected

957
00:53:39.440 --> 00:53:41.400
<v Speaker 3>these people and they passed this law, and you keep

958
00:53:41.440 --> 00:53:44.360
<v Speaker 3>voting for the same people, And there's a disconnect there

959
00:53:44.360 --> 00:53:47.039
<v Speaker 3>between the source of the vote, which is the person,

960
00:53:47.400 --> 00:53:49.360
<v Speaker 3>and then the outcome of that vote, which is a

961
00:53:49.360 --> 00:53:52.320
<v Speaker 3>policy thing or a law that says that things can happen.

962
00:53:52.320 --> 00:53:54.400
<v Speaker 3>And a great example of that is the biometrics that

963
00:53:54.440 --> 00:53:57.159
<v Speaker 3>everybody has on their smartphone and their laptop. I'm not

964
00:53:57.159 --> 00:53:59.880
<v Speaker 3>sure if Americans are aware generally that there was a

965
00:54:00.000 --> 00:54:04.440
<v Speaker 3>Supreme Court case that recently said that using someone's biometrics

966
00:54:04.440 --> 00:54:07.360
<v Speaker 3>to access a device is not a search, does not

967
00:54:07.400 --> 00:54:10.519
<v Speaker 3>require a warrant, it's not a Fourth Amendment problem.

968
00:54:10.760 --> 00:54:11.039
<v Speaker 2>Right.

969
00:54:11.280 --> 00:54:13.880
<v Speaker 3>Does the average American know that? I don't know, But

970
00:54:13.920 --> 00:54:17.519
<v Speaker 3>that's important because Americans need to inform themselves and educate

971
00:54:17.559 --> 00:54:20.599
<v Speaker 3>themselves about what are these things that they have allowed

972
00:54:20.639 --> 00:54:23.159
<v Speaker 3>to become laws? And if they don't like it, then

973
00:54:23.239 --> 00:54:25.960
<v Speaker 3>to do something about it instead of just complaining that he, well,

974
00:54:26.000 --> 00:54:27.960
<v Speaker 3>that's my right. Well is it because you kind of

975
00:54:27.960 --> 00:54:30.239
<v Speaker 3>surrendered that by electing that official who made that law,

976
00:54:30.360 --> 00:54:31.920
<v Speaker 3>that you continue to keep an office.

977
00:54:33.559 --> 00:54:37.719
<v Speaker 1>Yeah. And by the way, we typically make these laws

978
00:54:38.159 --> 00:54:42.760
<v Speaker 1>under a period of what feels like you know, distress, right, right,

979
00:54:43.199 --> 00:54:47.800
<v Speaker 1>That happen after nine eleven, and there was general, you know,

980
00:54:47.920 --> 00:54:51.480
<v Speaker 1>cultural consensus that we were afraid and we needed a

981
00:54:51.559 --> 00:54:54.519
<v Speaker 1>law like that, and it passed. But now it's twenty

982
00:54:54.559 --> 00:54:57.400
<v Speaker 1>something years later, we still have that law in place.

983
00:54:57.480 --> 00:55:00.199
<v Speaker 1>People don't really feel that way, and the technology has

984
00:55:00.280 --> 00:55:04.199
<v Speaker 1>radically change. But then also this is where elected officials

985
00:55:04.239 --> 00:55:08.039
<v Speaker 1>come in, because you can re elect people and tell

986
00:55:08.079 --> 00:55:11.599
<v Speaker 1>them change this law, right, and we don't want that anymore.

987
00:55:11.840 --> 00:55:14.360
<v Speaker 1>Or you can you can elect a president and say,

988
00:55:14.559 --> 00:55:17.800
<v Speaker 1>don't you know, enforce that law, like, don't use it

989
00:55:17.840 --> 00:55:20.559
<v Speaker 1>this way. Even though you can, law is still on

990
00:55:20.599 --> 00:55:22.320
<v Speaker 1>the books, we don't want you to use it that way.

991
00:55:22.400 --> 00:55:25.920
<v Speaker 1>So like people also forget that you kind of have

992
00:55:26.000 --> 00:55:29.079
<v Speaker 1>a say on this stuff. And I think what happens

993
00:55:29.199 --> 00:55:32.280
<v Speaker 1>is sometimes you know, when it comes to election time,

994
00:55:32.320 --> 00:55:36.239
<v Speaker 1>a lot of people, myself included frankly elect based on

995
00:55:36.360 --> 00:55:40.119
<v Speaker 1>economics or social issues or something like this, and forget

996
00:55:40.159 --> 00:55:43.880
<v Speaker 1>about all the national security stuff because none of these

997
00:55:44.400 --> 00:55:47.599
<v Speaker 1>no politician wants to talk about national security stuff in

998
00:55:47.639 --> 00:55:49.920
<v Speaker 1>the lead up to election day. They don't want to

999
00:55:49.960 --> 00:55:54.440
<v Speaker 1>remind people that, like the Patriot Act exists, and so

1000
00:55:54.440 --> 00:55:56.679
<v Speaker 1>so it doesn't you know, it doesn't change.

1001
00:55:57.360 --> 00:55:58.840
<v Speaker 3>So this is a good question. Then if you are

1002
00:55:58.960 --> 00:56:01.039
<v Speaker 3>king for a day right now, what would you do

1003
00:56:01.159 --> 00:56:02.920
<v Speaker 3>about AI policy in the United States.

1004
00:56:03.000 --> 00:56:05.840
<v Speaker 1>Look, I'd rather live in a United States where like

1005
00:56:06.079 --> 00:56:11.280
<v Speaker 1>we have control over the technology and information that affects Americans.

1006
00:56:11.800 --> 00:56:15.039
<v Speaker 1>And when you have like that used to be fine

1007
00:56:15.360 --> 00:56:21.599
<v Speaker 1>for basically a century because America made the best technology

1008
00:56:21.639 --> 00:56:24.280
<v Speaker 1>in most of the technology. Now we're entering a world

1009
00:56:24.320 --> 00:56:28.119
<v Speaker 1>where China makes a lot of technology and in some

1010
00:56:28.280 --> 00:56:31.960
<v Speaker 1>cases may make better technology, but they don't want to

1011
00:56:32.039 --> 00:56:37.599
<v Speaker 1>abide by our use or our our constitution our rules

1012
00:56:37.599 --> 00:56:42.159
<v Speaker 1>around this. So I would just say, fine, like you

1013
00:56:42.159 --> 00:56:44.280
<v Speaker 1>could do whatever you want in your country, but we're

1014
00:56:44.280 --> 00:56:47.000
<v Speaker 1>not going to use your technology then, and so I

1015
00:56:47.559 --> 00:56:53.599
<v Speaker 1>would immediately make any information, data or electronic technology from

1016
00:56:53.800 --> 00:56:59.000
<v Speaker 1>China basically illegal or like highly highly restraint and just

1017
00:56:59.039 --> 00:57:01.920
<v Speaker 1>say you're are going to make TikTok and you're going

1018
00:57:02.000 --> 00:57:06.480
<v Speaker 1>to use it to collect information on American citizens, including minors,

1019
00:57:06.840 --> 00:57:10.800
<v Speaker 1>and you're going to use it to mount effectively information attacks.

1020
00:57:11.119 --> 00:57:14.119
<v Speaker 1>You don't get to have that anymore, like and in fact,

1021
00:57:14.159 --> 00:57:17.039
<v Speaker 1>you don't get to have any more apps in America.

1022
00:57:17.119 --> 00:57:19.599
<v Speaker 1>We're done, right, And I would do the same with AI.

1023
00:57:19.880 --> 00:57:24.000
<v Speaker 1>You're going to censor your your you know, deep seek

1024
00:57:24.039 --> 00:57:29.960
<v Speaker 1>and kimmy for your own political purposes and enact government

1025
00:57:29.960 --> 00:57:32.559
<v Speaker 1>control and use it to collect data on American citizens

1026
00:57:32.679 --> 00:57:36.119
<v Speaker 1>or to persuade American citizens. You don't get to sell

1027
00:57:36.159 --> 00:57:39.119
<v Speaker 1>that here. You can sell it elsewhere. We'll battle you

1028
00:57:39.199 --> 00:57:41.280
<v Speaker 1>on those fronts too, but you don't get to do

1029
00:57:41.320 --> 00:57:43.199
<v Speaker 1>it here. So that's that's where I would come down.

1030
00:57:45.400 --> 00:57:47.119
<v Speaker 2>Are these AI companies over valued?

1031
00:57:49.519 --> 00:57:51.840
<v Speaker 1>So hard to say, right, Like, you know, what's the

1032
00:57:51.880 --> 00:57:56.960
<v Speaker 1>trillion dollars anymore? You know, I guess it's like, look,

1033
00:57:56.599 --> 00:58:01.400
<v Speaker 1>I run an AI company right nowviously not you know,

1034
00:58:02.079 --> 00:58:05.199
<v Speaker 1>valued at a trillion dollars. And I look at how

1035
00:58:05.280 --> 00:58:10.280
<v Speaker 1>powerful these models are, like it literally can feel like magic.

1036
00:58:10.320 --> 00:58:14.800
<v Speaker 1>It does things that only people could do even three

1037
00:58:14.880 --> 00:58:18.239
<v Speaker 1>years ago. And so I kind of look at the

1038
00:58:18.239 --> 00:58:22.360
<v Speaker 1>whole US economy, the whole global economy. And I'm like, yeah,

1039
00:58:23.000 --> 00:58:25.559
<v Speaker 1>we're going to use these models to do everything we

1040
00:58:25.639 --> 00:58:29.960
<v Speaker 1>used to do, to draft legal contracts, to do accounting,

1041
00:58:30.079 --> 00:58:36.280
<v Speaker 1>like to do human resources, to pick whatever subject that

1042
00:58:36.320 --> 00:58:40.119
<v Speaker 1>you want. They're going to do it. So what is

1043
00:58:40.159 --> 00:58:42.199
<v Speaker 1>the value of that? I mean, it's like you're at

1044
00:58:42.239 --> 00:58:44.679
<v Speaker 1>this point you're sort of saying it's a fraction of

1045
00:58:44.719 --> 00:58:48.119
<v Speaker 1>the total economy. You're like kind of like, okay, what's

1046
00:58:48.159 --> 00:58:53.119
<v Speaker 1>the US economy fourteen trillions something like this, you know

1047
00:58:53.159 --> 00:58:56.719
<v Speaker 1>per year GDP. I think like you're talking about fraction,

1048
00:58:56.960 --> 00:59:01.119
<v Speaker 1>like it probably is worth that. And if you look

1049
00:59:01.159 --> 00:59:04.280
<v Speaker 1>to the future, you know, you look at like Google,

1050
00:59:05.800 --> 00:59:09.239
<v Speaker 1>you know, they were doing advertising and so forth. Now

1051
00:59:09.320 --> 00:59:11.320
<v Speaker 1>they made Waimo. I don't know if you ever have

1052
00:59:11.480 --> 00:59:14.559
<v Speaker 1>ridden one of these weaymos. I was in one for

1053
00:59:14.599 --> 00:59:18.159
<v Speaker 1>the first time a few weeks ago in Los Angeles.

1054
00:59:18.159 --> 00:59:21.039
<v Speaker 1>They don't have them in DC yet, and I you know,

1055
00:59:21.079 --> 00:59:23.079
<v Speaker 1>I was a little nervous getting into this thing. And

1056
00:59:23.119 --> 00:59:26.079
<v Speaker 1>I'm like, you know, I've tried the autopilot on you know,

1057
00:59:26.199 --> 00:59:28.400
<v Speaker 1>Tesla's and stuff, and I'm like, it still feels shaky.

1058
00:59:28.679 --> 00:59:32.039
<v Speaker 1>I got into this WAYMO, and it was the safest

1059
00:59:32.039 --> 00:59:34.639
<v Speaker 1>car ride I've ever felt like I was in none

1060
00:59:34.719 --> 00:59:38.960
<v Speaker 1>of the like human sloppiness of driving. There was no

1061
00:59:39.159 --> 00:59:41.800
<v Speaker 1>weird person in the front of the car. Like I

1062
00:59:41.800 --> 00:59:43.840
<v Speaker 1>got to be in my own room and I walked

1063
00:59:43.840 --> 00:59:46.480
<v Speaker 1>out of this thing, and I was like, I would

1064
00:59:46.719 --> 00:59:49.159
<v Speaker 1>would never take a taxicab again in my life if

1065
00:59:49.199 --> 00:59:52.800
<v Speaker 1>I didn't have to, right, And so I'm looking at

1066
00:59:52.840 --> 00:59:59.280
<v Speaker 1>like Google, and I'm like, man, whatever whatever valuation it is,

1067
00:59:59.360 --> 01:00:02.119
<v Speaker 1>like at a true dollars because every car in America

1068
01:00:02.199 --> 01:00:03.880
<v Speaker 1>is going to be driven by Waymo or one of

1069
01:00:03.880 --> 01:00:08.639
<v Speaker 1>its competitors, right, So, like these things are going to

1070
01:00:08.719 --> 01:00:10.840
<v Speaker 1>be worth so much it's hard every I think every

1071
01:00:10.880 --> 01:00:13.719
<v Speaker 1>aircraft is going to be flown by an AI. Every

1072
01:00:13.760 --> 01:00:16.320
<v Speaker 1>boat is going to be piloted by an AI. Every

1073
01:00:16.440 --> 01:00:19.480
<v Speaker 1>lawn mower is going to be driven by an AI, right,

1074
01:00:19.639 --> 01:00:22.000
<v Speaker 1>like the guy you know, you're just going to take

1075
01:00:22.000 --> 01:00:24.000
<v Speaker 1>it out of the garage and send it on its way.

1076
01:00:24.320 --> 01:00:27.119
<v Speaker 1>Already my sprinkler system is run by AI off of

1077
01:00:27.159 --> 01:00:32.559
<v Speaker 1>an app, right, So you know, it's like the value

1078
01:00:32.559 --> 01:00:35.559
<v Speaker 1>of these companies is probably worth it. Like I bought

1079
01:00:35.599 --> 01:00:39.360
<v Speaker 1>SpaceX stock even you know, I lost money immediately, But

1080
01:00:39.400 --> 01:00:41.480
<v Speaker 1>I'm like it's going to be worth more. I can

1081
01:00:41.519 --> 01:00:42.440
<v Speaker 1>almost guarantee that.

1082
01:00:43.480 --> 01:00:45.800
<v Speaker 2>How do we get to compute cost down?

1083
01:00:47.159 --> 01:00:49.000
<v Speaker 1>Yeah, there's a lot of there's a lot of companies

1084
01:00:49.039 --> 01:00:52.880
<v Speaker 1>working on lower energy essentially lower energy you know, compute

1085
01:00:52.920 --> 01:00:55.480
<v Speaker 1>like that's like the real problem is that the the

1086
01:00:55.880 --> 01:00:59.119
<v Speaker 1>literal amount of power that you have to put into them.

1087
01:00:59.440 --> 01:01:03.320
<v Speaker 1>And then you know, you can also cut off like architecture,

1088
01:01:03.360 --> 01:01:05.880
<v Speaker 1>you can change and so forth to kind of make

1089
01:01:05.920 --> 01:01:09.840
<v Speaker 1>these things more efficient and optimal. I think those costs

1090
01:01:09.840 --> 01:01:13.679
<v Speaker 1>are actually going to come down. The problem is that

1091
01:01:13.880 --> 01:01:19.960
<v Speaker 1>we're going to want more smarter and smarter systems, right,

1092
01:01:20.079 --> 01:01:23.639
<v Speaker 1>and so I think the average cost per call it

1093
01:01:23.719 --> 01:01:27.639
<v Speaker 1>like IQ point will come down. But we're going to

1094
01:01:27.760 --> 01:01:31.679
<v Speaker 1>want more and more IQ And remember, we're going to

1095
01:01:31.760 --> 01:01:34.880
<v Speaker 1>get more and more data soon, right, It's not just

1096
01:01:35.000 --> 01:01:37.679
<v Speaker 1>that all the Internet data or all the books or

1097
01:01:37.880 --> 01:01:40.280
<v Speaker 1>all the things written down. People are going to be

1098
01:01:40.280 --> 01:01:43.679
<v Speaker 1>wearing glasses and things like this that are going to

1099
01:01:43.679 --> 01:01:46.079
<v Speaker 1>be recording the world. We're going to be recording all

1100
01:01:46.119 --> 01:01:47.840
<v Speaker 1>of our conversations. There's going to be a lot more

1101
01:01:47.920 --> 01:01:49.760
<v Speaker 1>data we're going to need to process that too.

1102
01:01:49.920 --> 01:01:53.280
<v Speaker 2>Got didn't think genre everything that's it. We get it

1103
01:01:53.320 --> 01:01:55.920
<v Speaker 2>all out. Yeah, Wow, that was easy in an hour.

1104
01:01:56.960 --> 01:01:59.840
<v Speaker 2>Why can't they do this and watchington and so the

1105
01:02:00.199 --> 01:02:02.920
<v Speaker 2>value you know, they'll.

1106
01:02:02.679 --> 01:02:05.519
<v Speaker 3>Well, they'll feed our video into AI and they'll use that.

1107
01:02:05.480 --> 01:02:06.920
<v Speaker 2>They'll figure it out. Yeah.

1108
01:02:07.039 --> 01:02:08.840
<v Speaker 1>I mean we should have had you know, we should

1109
01:02:08.840 --> 01:02:11.159
<v Speaker 1>have had you know, one of the AI models as

1110
01:02:11.199 --> 01:02:15.039
<v Speaker 1>the other guest and could just ask that the same questions.

1111
01:02:16.239 --> 01:02:16.559
<v Speaker 2>Funny.

1112
01:02:16.760 --> 01:02:18.719
<v Speaker 1>Yeah, could have gone meta.

1113
01:02:18.760 --> 01:02:22.679
<v Speaker 2>Give me more, give me more power, ye, give me

1114
01:02:22.760 --> 01:02:25.400
<v Speaker 2>more information. I want to I want to get those books,

1115
01:02:25.679 --> 01:02:26.880
<v Speaker 2>upload them and burn them.

1116
01:02:27.159 --> 01:02:28.960
<v Speaker 3>Yes, unnecessary removing.

1117
01:02:29.079 --> 01:02:32.360
<v Speaker 1>Yeah, I think I don't understand the book thing. I

1118
01:02:32.400 --> 01:02:35.360
<v Speaker 1>assumed it was because they have to chop the spine

1119
01:02:35.400 --> 01:02:37.480
<v Speaker 1>off the book to put it through the scanner, and

1120
01:02:37.519 --> 01:02:39.119
<v Speaker 1>then what do you do with a book that has

1121
01:02:39.159 --> 01:02:42.239
<v Speaker 1>no spine. It's like, well, yeah, we could throw it away,

1122
01:02:42.320 --> 01:02:43.880
<v Speaker 1>or we could burn it. It's paper, we may as

1123
01:02:43.880 --> 01:02:47.039
<v Speaker 1>well burn it. So sometimes I see these news stories

1124
01:02:47.079 --> 01:02:50.840
<v Speaker 1>and I'm like, it seems pretty reasonable that, Like I

1125
01:02:50.880 --> 01:02:53.440
<v Speaker 1>don't know if you've been to a used bookstore recently,

1126
01:02:53.519 --> 01:02:55.880
<v Speaker 1>but like there's a lot of use books in the world.

1127
01:02:55.920 --> 01:02:58.119
<v Speaker 1>Like I don't think these like I don't think our

1128
01:02:58.400 --> 01:03:02.400
<v Speaker 1>problem is like you know that there aren't enough used books,

1129
01:03:02.760 --> 01:03:04.840
<v Speaker 1>and like if somebody wants to take a used book

1130
01:03:04.840 --> 01:03:07.920
<v Speaker 1>and chop the spine off and load it into a system, fine,

1131
01:03:07.960 --> 01:03:10.880
<v Speaker 1>there's like a million other copies of Tolstoy out there, right.

1132
01:03:12.360 --> 01:03:14.559
<v Speaker 2>I think there was some talk about this, some first

1133
01:03:14.679 --> 01:03:17.119
<v Speaker 2>editions possibly, but I don't know. I mean, if they're

1134
01:03:17.119 --> 01:03:20.639
<v Speaker 2>worth anything, someone's selling them, right, They're not going to

1135
01:03:20.679 --> 01:03:21.599
<v Speaker 2>just be throwing them away.

1136
01:03:21.719 --> 01:03:24.039
<v Speaker 1>You would think the economy would like figure that out,

1137
01:03:24.159 --> 01:03:26.800
<v Speaker 1>like why would somebody burn a book that was worth

1138
01:03:26.920 --> 01:03:30.800
<v Speaker 1>more than like five dollars? Like, I can't imagine they would.

1139
01:03:31.119 --> 01:03:34.280
<v Speaker 1>And I'm sure, okay, have like some slip through the

1140
01:03:34.280 --> 01:03:38.000
<v Speaker 1>cracks and yeah, but also you know what, some slip

1141
01:03:38.039 --> 01:03:42.039
<v Speaker 1>through the cracks because like you know, somebody has a

1142
01:03:42.199 --> 01:03:44.840
<v Speaker 1>first edition book and they just literally throw it in

1143
01:03:44.880 --> 01:03:46.519
<v Speaker 1>the garbage when they're doing spring cleaning.

1144
01:03:48.119 --> 01:03:50.079
<v Speaker 3>Well, not only that, we have digitization of like you know,

1145
01:03:50.199 --> 01:03:54.199
<v Speaker 3>the Internet archive. There are Anna's Archive, which are you know,

1146
01:03:54.280 --> 01:03:55.880
<v Speaker 3>not so legal versions.

1147
01:03:55.599 --> 01:03:56.159
<v Speaker 2>Of the books.

1148
01:03:56.400 --> 01:03:58.480
<v Speaker 3>There's there's a lot of electronic versions of some of

1149
01:03:58.480 --> 01:04:00.719
<v Speaker 3>these books, especially rare books, because as you mentioned, the

1150
01:04:00.719 --> 01:04:04.480
<v Speaker 3>market is intelligent and people immediately know that book is

1151
01:04:04.559 --> 01:04:06.440
<v Speaker 3>valuable as soon as they see like, oh, this is

1152
01:04:06.440 --> 01:04:09.480
<v Speaker 3>a first edition from the fourteenth century, handwritten by some monk.

1153
01:04:09.840 --> 01:04:12.000
<v Speaker 3>We're going to digitize that, and then we can just

1154
01:04:12.000 --> 01:04:13.440
<v Speaker 3>take the digital copy of that and use that to

1155
01:04:13.480 --> 01:04:16.079
<v Speaker 3>train the model. We don't need the original physical book.

1156
01:04:16.079 --> 01:04:18.480
<v Speaker 3>It's completely irrelevant. All that matters is do we have

1157
01:04:18.559 --> 01:04:20.719
<v Speaker 3>any version of the book so we can put it

1158
01:04:20.760 --> 01:04:23.159
<v Speaker 3>into this model. And I think that there's a lot

1159
01:04:23.159 --> 01:04:26.480
<v Speaker 3>of I think unnecessary hooha about the physical book problem

1160
01:04:26.760 --> 01:04:29.440
<v Speaker 3>in this Yeah.

1161
01:04:28.639 --> 01:04:32.119
<v Speaker 1>And like also I think Google did scan all the

1162
01:04:32.119 --> 01:04:35.480
<v Speaker 1>books like ten or twenty years ago, right, and then

1163
01:04:35.519 --> 01:04:39.239
<v Speaker 1>they couldn't release it because of copyright issues, and so

1164
01:04:39.320 --> 01:04:42.519
<v Speaker 1>the issue is like more about copyrights. And I I'm

1165
01:04:43.000 --> 01:04:46.000
<v Speaker 1>again I don't know, but I assume now the AI

1166
01:04:46.119 --> 01:04:50.280
<v Speaker 1>companies have enough money where they can pay off the

1167
01:04:50.320 --> 01:04:55.239
<v Speaker 1>publishing companies to get rights to all these books, right,

1168
01:04:55.400 --> 01:04:59.280
<v Speaker 1>And so you know, authors aren't seeing that, like I

1169
01:04:59.320 --> 01:05:04.039
<v Speaker 1>didn't get, you know, some AI payment for my book.

1170
01:05:04.119 --> 01:05:05.840
<v Speaker 1>But I assume the publishing companies too.

1171
01:05:06.559 --> 01:05:09.360
<v Speaker 3>And there's even any non monetary incentive for the author

1172
01:05:09.760 --> 01:05:11.920
<v Speaker 3>to be included in this training because it means that

1173
01:05:12.000 --> 01:05:16.400
<v Speaker 3>their work will persist beyond and it'll be used for

1174
01:05:16.480 --> 01:05:19.000
<v Speaker 3>something you know, beyond what they wrote it for. Whereas

1175
01:05:19.000 --> 01:05:21.199
<v Speaker 3>if you opt out, it's like your book is dying

1176
01:05:21.199 --> 01:05:23.519
<v Speaker 3>on the vine because you refuse to include it in

1177
01:05:23.599 --> 01:05:26.199
<v Speaker 3>this global knowledge base that will affect all of humanity

1178
01:05:26.280 --> 01:05:27.440
<v Speaker 3>from now until forever.

1179
01:05:28.280 --> 01:05:28.599
<v Speaker 2>Yeah.

1180
01:05:28.800 --> 01:05:32.559
<v Speaker 1>Also, by the way, what I've learned now publishing book

1181
01:05:33.480 --> 01:05:38.800
<v Speaker 1>like almost no authors actually are being paid, like to

1182
01:05:38.880 --> 01:05:42.880
<v Speaker 1>work as full time authors, like like that. There are

1183
01:05:42.920 --> 01:05:45.679
<v Speaker 1>some people, you know, Stephen King, you know, makes a

1184
01:05:45.679 --> 01:05:48.599
<v Speaker 1>great living doing it, and like people like that, and

1185
01:05:48.639 --> 01:05:51.559
<v Speaker 1>Noah Harari on the nonfiction side or something. I'm sure

1186
01:05:51.559 --> 01:05:54.360
<v Speaker 1>you make a rowling billionaire. I'm sure these people make

1187
01:05:54.480 --> 01:05:59.639
<v Speaker 1>like reasonable money. But like most people publishing books these days,

1188
01:06:00.360 --> 01:06:04.159
<v Speaker 1>I think you're making your money actually from well you're

1189
01:06:04.159 --> 01:06:06.360
<v Speaker 1>not getting paid by podcasts, that's for sure, but like

1190
01:06:06.719 --> 01:06:09.239
<v Speaker 1>you know, you're getting paid to speak, or you're getting

1191
01:06:09.280 --> 01:06:11.679
<v Speaker 1>paid like to consult, or you're doing other things if

1192
01:06:11.679 --> 01:06:14.440
<v Speaker 1>you're on the nonfiction side, or if you're a fiction author,

1193
01:06:14.480 --> 01:06:17.679
<v Speaker 1>maybe you're teaching and doing things like that. And like

1194
01:06:18.280 --> 01:06:23.119
<v Speaker 1>the the impression that like you know, it's all about

1195
01:06:23.159 --> 01:06:26.280
<v Speaker 1>just getting paid is not really how the economy works anymore.

1196
01:06:26.639 --> 01:06:28.280
<v Speaker 1>It's like maybe you have a sub stack and you

1197
01:06:28.280 --> 01:06:30.199
<v Speaker 1>get paid through the SUBSEAC. There's so many other ways

1198
01:06:30.280 --> 01:06:32.480
<v Speaker 1>to make money that's like totally new and I'm like

1199
01:06:32.639 --> 01:06:35.920
<v Speaker 1>learning how to do it now. And so to your point, like, actually,

1200
01:06:35.960 --> 01:06:39.880
<v Speaker 1>you kind of want your book on AI, and if anything,

1201
01:06:40.039 --> 01:06:44.639
<v Speaker 1>I want AI systems recommending me more like, if somebody

1202
01:06:44.639 --> 01:06:47.239
<v Speaker 1>asks a question about intelligence, I want them to reference

1203
01:06:47.320 --> 01:06:50.360
<v Speaker 1>my book and the like, you know, get my name

1204
01:06:50.400 --> 01:06:53.159
<v Speaker 1>out that way. It's almost like becomes like another path

1205
01:06:53.239 --> 01:06:54.199
<v Speaker 1>to get your name out there.

1206
01:06:55.679 --> 01:06:58.079
<v Speaker 2>And the book's called The Fourth Intelligence Oh, the Fourth

1207
01:06:58.079 --> 01:07:00.719
<v Speaker 2>Intelligence Revolution, The Future of Esmina in the Battle of

1208
01:07:00.760 --> 01:07:03.280
<v Speaker 2>Save America. That link is in the description. You can

1209
01:07:03.280 --> 01:07:07.679
<v Speaker 2>grab it right now if dey tell us what Vico does.

1210
01:07:09.480 --> 01:07:12.280
<v Speaker 1>Yeah, we you know, look, we built a system to

1211
01:07:12.360 --> 01:07:15.320
<v Speaker 1>forecast events, right I used to be an intelligence officer

1212
01:07:15.400 --> 01:07:19.360
<v Speaker 1>at some level. Intelligence is about figuring out what's going

1213
01:07:19.400 --> 01:07:22.039
<v Speaker 1>to happen next in the world. So we built an

1214
01:07:22.039 --> 01:07:28.400
<v Speaker 1>AI system at forecasts political, economic, and geopolitical futures better

1215
01:07:28.440 --> 01:07:32.679
<v Speaker 1>than people, better than prediction markets. So it you know,

1216
01:07:32.719 --> 01:07:36.280
<v Speaker 1>we forecasted the strikes on a run. We forecasted the

1217
01:07:37.440 --> 01:07:41.400
<v Speaker 1>enclosure of the straight or hermus days and weeks before

1218
01:07:41.519 --> 01:07:45.800
<v Speaker 1>prediction markets like cal shem polymarket and or you know

1219
01:07:45.880 --> 01:07:49.679
<v Speaker 1>before kind of the consensus opinion by analysts. We did

1220
01:07:49.679 --> 01:07:52.599
<v Speaker 1>the same on inflation and economic questions. We did the

1221
01:07:52.639 --> 01:07:58.519
<v Speaker 1>same on political questions, like we forecasted really non consensus

1222
01:07:58.519 --> 01:08:03.360
<v Speaker 1>things like that that Virginia would overturn the redistricting, for example,

1223
01:08:03.519 --> 01:08:07.079
<v Speaker 1>or that grand Platner would not win the main race,

1224
01:08:07.239 --> 01:08:09.199
<v Speaker 1>like we were way ahead on that, And so we

1225
01:08:09.320 --> 01:08:12.159
<v Speaker 1>forecast events. And then on top of that, we have

1226
01:08:12.280 --> 01:08:16.560
<v Speaker 1>built a whole system of tools from helping them make

1227
01:08:16.600 --> 01:08:21.680
<v Speaker 1>decisions to unpack you know, how do I figure out

1228
01:08:21.840 --> 01:08:25.159
<v Speaker 1>which courses of action to create the future that I want?

1229
01:08:26.000 --> 01:08:28.800
<v Speaker 1>Right say, I'm a military commander and I want to

1230
01:08:28.840 --> 01:08:34.279
<v Speaker 1>know which which you know, which which military moves I

1231
01:08:34.319 --> 01:08:38.439
<v Speaker 1>want to make. Or I'm a lobbyist working with a

1232
01:08:38.479 --> 01:08:41.840
<v Speaker 1>company and I want to understand what way that I

1233
01:08:41.880 --> 01:08:46.079
<v Speaker 1>can help get a law enacted. Or I'm a trader

1234
01:08:46.119 --> 01:08:48.439
<v Speaker 1>and I want to kind of figure out how to

1235
01:08:48.479 --> 01:08:51.880
<v Speaker 1>balance my portfolio in a better way based on all

1236
01:08:51.920 --> 01:08:54.319
<v Speaker 1>these future risks. So we built a whole series of

1237
01:08:54.359 --> 01:08:58.159
<v Speaker 1>tools around that and by the way, for regular people

1238
01:08:58.159 --> 01:09:00.800
<v Speaker 1>to use as well. Like, I think we're sort of

1239
01:09:00.920 --> 01:09:04.439
<v Speaker 1>entering a world that's so complicated right now in economics

1240
01:09:04.439 --> 01:09:09.319
<v Speaker 1>and geopolitics, Like for anybody, even people with like PhDs,

1241
01:09:09.359 --> 01:09:13.279
<v Speaker 1>it can be hard to navigate. And so just anybody

1242
01:09:13.319 --> 01:09:15.760
<v Speaker 1>can use the system as well, and you can try

1243
01:09:15.800 --> 01:09:18.199
<v Speaker 1>it out. If you go to Vigo dot Io, Viico

1244
01:09:18.319 --> 01:09:20.680
<v Speaker 1>dot io, you can try it out. But we primarily

1245
01:09:20.720 --> 01:09:23.520
<v Speaker 1>work with, you know, people for whom decisions matter. So

1246
01:09:23.880 --> 01:09:26.680
<v Speaker 1>people in finance were launched on the Bloomberg terminal. We

1247
01:09:26.720 --> 01:09:30.119
<v Speaker 1>work with hedge funds and banks and insurance companies, and

1248
01:09:30.119 --> 01:09:32.560
<v Speaker 1>then people in national security, like I still want to

1249
01:09:32.560 --> 01:09:34.880
<v Speaker 1>do the mission. We work with the Department of War

1250
01:09:34.920 --> 01:09:35.640
<v Speaker 1>in places like that.

1251
01:09:37.840 --> 01:09:39.880
<v Speaker 2>Cool. Yeah, check that out. That link will be in

1252
01:09:39.880 --> 01:09:42.640
<v Speaker 2>the description as well. Anthony, let's do this again. This

1253
01:09:42.800 --> 01:09:43.279
<v Speaker 2>is awesome.

1254
01:09:43.800 --> 01:09:46.439
<v Speaker 1>Yeah, this is great. Thanks guys, Thank you.

1255
01:09:47.159 --> 01:09:48.840
<v Speaker 3>Thanks for answering my softball questions.

1256
01:09:51.399 --> 01:09:52.760
<v Speaker 2>Yeah, I would have came at you a little bit

1257
01:09:52.800 --> 01:09:56.079
<v Speaker 2>harder because I'm very bearish on AI. But not I

1258
01:09:56.119 --> 01:09:57.840
<v Speaker 2>think it's going to be like Cisco. I think it's

1259
01:09:57.840 --> 01:10:00.399
<v Speaker 2>going to be overvaluated. It's going to go down twenty

1260
01:10:00.399 --> 01:10:02.840
<v Speaker 2>five years to get back to the evaluation, even though

1261
01:10:02.840 --> 01:10:04.840
<v Speaker 2>it will do things that will change the world.

1262
01:10:05.640 --> 01:10:08.800
<v Speaker 1>Yeah, I like, yeah, Well, first of all, like every

1263
01:10:08.880 --> 01:10:11.319
<v Speaker 1>question you guys asked was like an op ed piece

1264
01:10:11.479 --> 01:10:13.960
<v Speaker 1>that could have been hit something. Yeah, I'm like, oh man,

1265
01:10:14.039 --> 01:10:18.720
<v Speaker 1>this is a lot. Yeah, but look, I don't know,

1266
01:10:19.720 --> 01:10:24.960
<v Speaker 1>like the do you really think at the end of

1267
01:10:24.960 --> 01:10:27.600
<v Speaker 1>the day, we're not going to use A We're going

1268
01:10:27.640 --> 01:10:30.760
<v Speaker 1>to use AI less in five years than we use

1269
01:10:30.760 --> 01:10:32.720
<v Speaker 1>it today.

1270
01:10:32.880 --> 01:10:34.399
<v Speaker 2>No, I think we'll use it more.

1271
01:10:34.640 --> 01:10:38.319
<v Speaker 1>Yeah, and then like I think we're going to use

1272
01:10:38.359 --> 01:10:41.119
<v Speaker 1>it like one hundred times more because as you get

1273
01:10:41.119 --> 01:10:45.319
<v Speaker 1>closer to this stuff, like I we run our whole

1274
01:10:45.359 --> 01:10:50.800
<v Speaker 1>company on Claude, Like every meeting has transcribed, all the

1275
01:10:50.840 --> 01:10:53.560
<v Speaker 1>code is in the repository. It reads all my emails,

1276
01:10:53.680 --> 01:10:56.760
<v Speaker 1>and now I'm just like, hey, write this memo for

1277
01:10:56.920 --> 01:11:00.399
<v Speaker 1>me or put together this deck, right, like all it

1278
01:11:00.439 --> 01:11:03.439
<v Speaker 1>doesn't mean we're not using people, but like sure, yeah,

1279
01:11:03.520 --> 01:11:05.119
<v Speaker 1>I think the whole world's going to be like that,

1280
01:11:05.279 --> 01:11:08.560
<v Speaker 1>Like like the corner store is going to be run

1281
01:11:08.600 --> 01:11:13.039
<v Speaker 1>on AI. Like you know, I don't know, We'll see,

1282
01:11:13.399 --> 01:11:16.000
<v Speaker 1>we'll see. So you're not you're not you were not

1283
01:11:16.079 --> 01:11:17.279
<v Speaker 1>a SpaceX byer.

1284
01:11:17.640 --> 01:11:22.159
<v Speaker 2>No, no, no, I'm a SpaceX shorter. Nice Yeah, yeah,

1285
01:11:22.239 --> 01:11:24.479
<v Speaker 2>I mean SpaceX particularly, I mean they're not even in

1286
01:11:24.680 --> 01:11:26.520
<v Speaker 2>it was it was over valid coming to market. I

1287
01:11:26.479 --> 01:11:27.840
<v Speaker 2>agree with you. Yeah.

1288
01:11:28.159 --> 01:11:30.720
<v Speaker 3>Also, the prospectus was a great read.

1289
01:11:31.199 --> 01:11:34.039
<v Speaker 2>It's crazy. It's the craziest read you'll ever see. I mean,

1290
01:11:34.039 --> 01:11:37.399
<v Speaker 2>it was unbelievable to me reading that thing, uh first,

1291
01:11:37.399 --> 01:11:41.439
<v Speaker 2>getting through the first fifteen pages of rockets. And don't

1292
01:11:41.479 --> 01:11:43.920
<v Speaker 2>get me wrong, Starlink's an incredible company. Like I think

1293
01:11:43.960 --> 01:11:48.119
<v Speaker 2>starlink is itself would be an unbelievable company that I

1294
01:11:48.159 --> 01:11:51.680
<v Speaker 2>would invest in. Right, they actually have Yeah, they have

1295
01:11:51.800 --> 01:11:54.760
<v Speaker 2>a you know, they have the monopoly essentially on it.

1296
01:11:54.840 --> 01:11:56.479
<v Speaker 2>You know, at least they're at least five or ten

1297
01:11:56.560 --> 01:12:00.119
<v Speaker 2>years ahead of people. So I love that one. But

1298
01:12:00.159 --> 01:12:02.000
<v Speaker 2>the rest of it's a total ship box.

1299
01:12:02.399 --> 01:12:05.239
<v Speaker 1>I was. I just took my son camping and hiking

1300
01:12:05.319 --> 01:12:07.600
<v Speaker 1>and Olympic National Park and I had a star like

1301
01:12:07.680 --> 01:12:12.760
<v Speaker 1>mini and like could still check email. It's like, it's

1302
01:12:12.800 --> 01:12:15.319
<v Speaker 1>incredible we live in that world where you do that. Now,

1303
01:12:15.520 --> 01:12:18.720
<v Speaker 1>It's you're right that part of the businesses is good.

1304
01:12:18.760 --> 01:12:20.760
<v Speaker 1>But yeah, there was some high I mean, Elon is

1305
01:12:20.800 --> 01:12:22.960
<v Speaker 1>like one of the best salesmen. You know. It's like

1306
01:12:23.159 --> 01:12:25.760
<v Speaker 1>it's like P. T. Barnum or something like. This guy's

1307
01:12:25.800 --> 01:12:27.439
<v Speaker 1>like incredible.

1308
01:12:28.119 --> 01:12:31.359
<v Speaker 2>Interesting. Another fact. Fun fact, because you mentioned about like

1309
01:12:32.439 --> 01:12:35.680
<v Speaker 2>the money being so you know, inequality being so crazy.

1310
01:12:36.199 --> 01:12:39.279
<v Speaker 2>Back in the Gilded Age, Rose not Roosevelt, what's his name?

1311
01:12:39.359 --> 01:12:43.039
<v Speaker 2>Rockefeller had his net worth was one point five percent

1312
01:12:43.079 --> 01:12:46.479
<v Speaker 2>of our GDP at the time. Elon's now is like

1313
01:12:46.640 --> 01:12:48.359
<v Speaker 2>over three percent of the GDP.

1314
01:12:49.920 --> 01:12:53.640
<v Speaker 3>So it's like interesting, it's in different equity structures than Rockfeller.

1315
01:12:53.159 --> 01:12:58.159
<v Speaker 2>Said, So right, John, I'm so sorry. Yeah, very important. Yeah.

1316
01:12:58.239 --> 01:13:03.479
<v Speaker 1>Yeah, I bet Elon shows up as a global I

1317
01:13:03.479 --> 01:13:06.079
<v Speaker 1>wonder what the global percentage is. I wouldn't be surprised

1318
01:13:06.079 --> 01:13:09.680
<v Speaker 1>if it's like around one percent global, Yeah, which is.

1319
01:13:09.640 --> 01:13:13.439
<v Speaker 2>Insane, it's crazy. So we'll see what happens. I mean, listen,

1320
01:13:13.479 --> 01:13:16.560
<v Speaker 2>I use AI too. I use it for the podcast,

1321
01:13:16.680 --> 01:13:18.560
<v Speaker 2>like to get time stamps, you know. I use it

1322
01:13:18.600 --> 01:13:22.199
<v Speaker 2>as a helpful tool, you know, for sure. Yeah, and

1323
01:13:22.279 --> 01:13:24.479
<v Speaker 2>I listen. I hope it cures cancer. I really do. Like,

1324
01:13:24.479 --> 01:13:28.640
<v Speaker 2>I hope it changes humanity for the better. And you know, I.

1325
01:13:28.600 --> 01:13:31.800
<v Speaker 1>Think you we'll see when these autonomous cars, when these

1326
01:13:31.840 --> 01:13:34.960
<v Speaker 1>waymo cars and stuff, whoever's going to do, you'll see

1327
01:13:34.960 --> 01:13:39.239
<v Speaker 1>an immediate like benefit in that a certain percentage of

1328
01:13:39.279 --> 01:13:42.439
<v Speaker 1>people just won't die. Yeah, because they just drive better

1329
01:13:42.479 --> 01:13:45.119
<v Speaker 1>than people. Like all drunk drivers could go away right

1330
01:13:45.199 --> 01:13:47.600
<v Speaker 1>like every like you could live in a world where

1331
01:13:47.640 --> 01:13:51.720
<v Speaker 1>like cars just don't crash, right that, Like if you're

1332
01:13:51.840 --> 01:13:54.560
<v Speaker 1>drunk and you fall asleep, the car just slows you

1333
01:13:54.600 --> 01:13:56.359
<v Speaker 1>down and puts you on the side of the road.

1334
01:13:57.000 --> 01:14:01.119
<v Speaker 1>Like stuff like that is real, you know, and you know.

1335
01:14:02.920 --> 01:14:06.560
<v Speaker 2>We'll see that's awesome, man, uh anything, let's do it

1336
01:14:06.560 --> 01:14:07.119
<v Speaker 2>again for real.

1337
01:14:07.159 --> 01:14:09.680
<v Speaker 1>This is great cool, Thanks guys, this is fun.

1338
01:14:10.079 --> 01:14:11.000
<v Speaker 2>See you all right.
