"[Music] look at AI right now billions of dollars being spent the flurry of all of this benefits us as consumers always and everywhere just wait and they'll compete and compete and it will accr to us a..."

"talk about all those things let's start with sort of uh diving in you mentioned chat gbt operator yes and the limitation sort of being we're moving at the speed of the web at what point do you think t..."

"you you mentioned sort of the limitations like biology moves at a certain speed there there's a couple subset of questions here but one is where's the limitation in AI growth right now it seems like w..."

"long Runway I think that their ability with that market capitalization and that cash and the margin that they have they can reinvent and buy a lot of things so uh I think Jensen is a thoughtful capita..."

"is the limiting factor of progress human intelligence I think that the great thing about us is that we are I don't know 60 or 70% predictable in that so many of the uh foibles and virtues and vices of..."

"think you know what Peter drer never imagined when he was talking about knowledge workers and the shift from like blue collar workers to white collar workers was that machines would actually most thre..."

"that it could be corrupted but there's mechanisms to figure out how do you really surface what does the populist care about and some in Europe have tried to do these things the key thing is always lik..."

"Machines That are going to replace most of the white collar intelligence and knowledge workers do you believe uh I think it was Zuck who came out and said you know by mid this year 2025 that AI would ..."

"coders that are competing at an Ever faster speed you know you have somebody like like Mark benof who's saying that they're not hiring any more coders at the same time that he's still talking about th..."

"average margin on cars cars today are 10,000 times better by every measure of fuel efficiency Comfort Air Conditioning satellite radio but those margins never persisted as being like permanently High ..."

"about all these models people are spending you know hundreds of billions if not trillions of Dollars around the globe competing on a Model do you think that's the basis of competition or how does that..."

"been open about this um we're going to open source the models with llama and uh we're going to let people develop on them why because the real value is going to be in the repository of of data longitu..."

"I mean the the huge amount of proprietary information all the Acquisitions that they've done over time being able to normalize merger data and historic information and the longitude of price informati..."

"got crazy amounts of proprietary data Pharma would be a good one because obviously they're you know tracking both their successful but their unsuccessful clinical trials there's a lot of information i..."

"Mackey who's in um you know the the latest Marvel movie talking about an expectation that he'll be somebody was like how long do you think you'll be doing Marvel movies he's like I think probably like..."

"24 hours from open AI which is sort of their model with a better engine so to speak than Google's deep research which s was impressive both because of its ability to search many sources and then the a..."

"robot will do the well here's the beauty the The Virtue and the vice the robot will do the experiment and it should do it perfectly because it's digital and it's High Fidelity the vice is so much scie..."

"results and it will then reverse prompt you and say do you want to run the experiment again but changing the titration of this to 10 milliliters instead of five and you just click a button from the be..."

"you can model and simulate all you want but then you actually have to like do the thing and make the compound and and so those still take steps and you know organic chemistry and there's like 20 react..."

"thinking about sort of um doing is just calling like a prior art.org or something and having AI read through all the patents and make the next adjacent sort of like patent like Improvement and then ju..."

"years people look back and like how did we not see that coming and look at all the jobs that are being created because every single person is now creating and has like six virtual companies the future..."

"motivating force and the incentive for them is not that they just want to make money but they want to be right and they want to be right because they've identified somebody that they think is intentio..."

"other entrepreneurs that I greatly admire now that said SpaceX I have no issue with I think SpaceX is an extraordinary company I think it's an incredibly important American company I think without it ..."

"Alman came out and said he didn't think Elon would would use that power against him which is a nice and smart thing and a necessary thing to say publicly and I think that Elon has even said like I won..."

"want to show that you're cheating people well short sellers are necessary to a well functioning market right we need to hear both sides of the story and make our own judgments and decisions what point..."

"to wash out two questions two rabbit holes I want to go down here one at what point do you think active managers an analyst is replaced by AI in the same way that Zak is saying an engineer at meta is ..."

"Arbitrage when everybody else is looking and discounting back a year or 18 months or two years but you know you think about the three main sources of Edge and we've talked about this in the past but i..."

"worth it Mo we can talk about privacy because most people basically just want to keep private you know their sex life their bathroom time and their how much money they have unless you are super rich o..."

"privacy I think is like out the window but reason I was saying this is um I've given myself over to the information gods and when I go to chat GPT because it has memory and it's constantly updating it..."

"you know traditional information Cascade oh my gosh what does this mean for the expectations we have about demand for compute and and capex and the expenditures that people are going to have do we nee..."

"than if you were to have widespread news reports of a handful of active managers that are suddenly beating the market you know decisively and they're pointing to the structure of the market and and so..."

"every major sophisticated large private Equity Firm Apollo KKR carile Etc are all starting to think about or are actively thinking about both permanent capital in the form of insurance vehicles like A..."

"to understanding the mechanisms behind the scenes for the spack movement he's early now to this idea of Unis swap which has a certain mechanism that provides liquidity by having let's say like 80 or 9..."

"that that's both going to be really interesting and potentially to your point creates something that sets up some massive blowup the other thing that I want to come back to in the rabbit hole here is ..."

"act of creativity and get the most inspiring Muses and results and I can take works of art that I like and put them in and ask it to describe it and do it six times particularly in like mid journey an..."

"understand the domains to avoid because they're going to be not void of emotional or aesthetic or moral value but you're not going to make money and so my wife and I debate this all the time about dan..."

"jumping jumping perfectly time to the choreography of the strobe so you see them caught but they're doing this crazy kinetic athletic thing right and I was just like that's super cool right everybody ..."

"a Game of Thrones episode the compression of the compression algorithm of all of that Talent set design special effects screenwriting a lifetime of acting and Performing you know just Swit down one of..."

"a variety of bad influence and Chinese Communist party uh but but otherwise I want them learning how to use every tool as they would every Appliance in a kitchen and outside of those tools where do yo..."

"and take something that's so boring and and cliched and hackneyed and like just brings it to life right I do the same thing so and it's it's a lot of fun right it actually makes this stuff interesting..."

"this great point about that the pleasure of pleasurable things um got less pleasurable but less than the pain of painful things got less painful so for him the loss of a friend um you became a little ..."

"Amos or I I shared that moment with this person and the great human feeling is commiserating about the thing that we experience together or the memory and laughing hysterically at which I still do wit..."

"working remotely or and how this interacts with other things right where we might not feel part of something larger than ourselves and remot work is a great example where you you sort of the ability i..."

"information contagion and you will tell yourself that you believe it because you really thought deeply about it and you reason through this and but no the reality is you believe things just because th..."

"they're because everybody's fighting some epic battle you know theyve got relationship issues they got parents issues they got a sick person like and and we are just we're still human so I feel deeply..."

"that it's cynical or selfish or you know we could put a a veilance of meaning behind but really at the end of it is like will you help me is there reciprocity and that's this like ancient sense of whe..."

"kids are in like six different things outside of school each and they then can bring these people together which itself adds this feeling of like oh I connected people and I'm this node and it sort of..."

"possible 10 or 15 or 20 um not doubling I mean we did that you know in a few Generations you know people die at 40 years old or 50 years old and people now regularly live till their 70s or 80s you kno..."

"changes um the second form was fine I'm going to die but I'm going to come back and so reincarnation and maybe that was the spiritual or religious ense and then today's version of that would be Alor o..."

"it's through your children and I think there it's very Buffet like the moral sort of mandate would be like he described Don K of kooch that when you do die you want them to say what they said about hi..."

"it's like how do you write it and who do you spend your time with and nobody's going to look back and say ah you know I wish I would have taken that extra meeting or done that extra business trip or s..."

"they take it for granted and does like one of them become a cheater and Infidel and all this kind of stuff because they and I have no idea but but I know for me what is Meaningful and what makes me fe..."

"driven by this intellectual competitiveness um and then I think I didn't appreciate this as much but it's sort of adjacent to the first there's a handful of people who I imagine myself like retiring w..."

"mornings of reading through something like 40 different papers now it used to be like seven but then when I start to travel internationally if I went to the mid East I would find an English version of..."

"there longitudinal access of people that have I don't know 10,000 100,000 tweets is an amazing Pastiche of like you know what um there's an interesting thing here which we were just riffing on interna..."

"into some of their themes so you use rewind press rater what are the other like technological tools that you're finding super Val every AI I might take a essay read it ask it to summarize the key poin..."

"me the three cliche you know and so just and by the way I will put them into three different models at the same time so I will open three different browsers you know arrange them and put it into chat ..."

"you could run like aasian analysis of okay given that we're looking at these two companies give me the outside view the base rate of success historically which inventure honestly doesn't matter but an..."

"want to come back to the info Mosaic but one thing we never talked about uh YouTube being like such a huge data Source Inc closed and slightly open I guess yeah in some ways yeah like well I love that..."

"form fitting it's me or a close approximation of me but what if you want to break free from that in a sense if I said give me something in the style of Shane Parish it might conjure something in the s..."

"were and what you cared about and and maybe you were into heavy metal but you you were in like the band you know and you couldn't break free or maybe you were gay and nobody knew or all these things t..."

"from 50 primes down to five you're seeing the rise of these Neo primes I deeply believe that andril in the next few years will be a 30 to $50 billion publicly traded business doing singled digigit mid..."

"way to avoid conflict is to have deterrence and if Ukraine had nuclear weapons Putin wouldn't have invaded most of the West and NATO you know really said don't worry we got your back and even though y..."

"production of entrepreneurial ideas and and free market capitalism and Booms and busts is that we have the most powerful military on the planet You could argue that that didn't just benefit the United..."

"about you saw this again with Iran and Israel and Gaza Syria's missiles and counter missiles and Rockets and intercontinental ballistic missiles and hypersonics and space weapons it is just about goin..."

"to another country China has the 50 Cent Army you know these people are getting you know 50 cents for every tweet and information they put out the state department when they want to tweet something ou..."

"built on and then you want those people to assimilating when they're not assimilating but then you also have Bad actors like Putin who has weaponized immigration and put migrants on people's borders t..."

"on a lot of government phones it's insane it's really interesting why haven't we seen more isolated attacks that are cheap and using technology and what I mean by that is you know a nefarious actor ca..."

"infrastructure our traffic lights you know I mean all the things that you've seen in Sci-Fi movies when like things just start breaking I'm actually amazed that our infrastructure globally but you kno..."

"but I'm I'm amazed that everything around us is just not constantly breaking it truly is like miraculous it is when you think about it right yeah what do you think of Doge the currency or the initiati..."

"whatever the motivation I don't believe it's patriotism it could be intellectually competitive it could be power whatever the motivation I think that the means to the end I think the end is a virtuous..."

"declare almost like a new Monroe Doctrine kind of thing where we say the entire Western Hemisphere you've got a billion people both ability to project into the Pacific and the Atlantic you've got most..."

"like what are the what are the factors that go into people leaving well start with the attracting part you know as Walter wristen said people go where they're welcome and stay where they're well treat..."

"able to commercialize that that happen to coincide with orisa and allowing retirement plans to go into uh Venture Capital so now you have a pool of risk Capital which you need for taking risk on unsea..."

"trained on the repository of like the public internet and and you know every art that's ever been produced and whatnot now if you were an art student and you went to the lou or to the met or to MoMA a..."

"you find the white space that defines you and that goes back to like if I train all my a and everything I've ever wrote but then like my voice is is a new voice is rare and hard to create so um I actu..."

"Overture over of of of creation and I think it's a beautiful thing so does anything about this scare you about AI like the direction we're heading I think in the near term the thing that scared me is ..."