Kind: captions
Language: en
All<00:00:00.160> right,<00:00:00.400> everybody.<00:00:00.880> Welcome<00:00:01.199> back<00:00:01.839> to
All right, everybody. Welcome back to
the<00:00:02.240> number<00:00:02.480> one<00:00:02.879> podcast<00:00:03.439> in<00:00:03.760> the<00:00:04.000> world.
the number one podcast in the world.
It's<00:00:04.880> your<00:00:05.120> favorite<00:00:05.359> podcast.<00:00:05.759> It's<00:00:05.920> your
It's your favorite podcast. It's your
podcast's<00:00:06.640> favorite<00:00:06.879> podcast.<00:00:07.120> It's<00:00:07.279> the
podcast's favorite podcast. It's the
All-In<00:00:07.759> podcast.<00:00:08.320> Episode<00:00:09.280> 279.<00:00:10.639> With<00:00:10.880> me,
All-In podcast. Episode 279. With me,
Fredberg,<00:00:12.639> Sax,<00:00:13.280> Chimath,<00:00:13.840> you<00:00:13.920> know<00:00:14.000> the<00:00:14.240> the
Fredberg, Sax, Chimath, you know the the
squad.<00:00:14.960> You<00:00:15.120> know<00:00:15.200> the<00:00:15.440> squad.<00:00:15.839> We're<00:00:16.080> here.
squad. You know the squad. We're here.
It's<00:00:16.960> the<00:00:17.119> summer<00:00:17.760> and<00:00:17.920> we're<00:00:18.160> ready<00:00:18.400> to<00:00:18.640> rock
It's the summer and we're ready to rock
and<00:00:19.039> roll.<00:00:19.199> We<00:00:19.359> got<00:00:19.439> a<00:00:19.600> power<00:00:19.920> docket.<00:00:20.320> We<00:00:20.400> got
and roll. We got a power docket. We got
a<00:00:20.720> rocket<00:00:21.279> docket.<00:00:21.840> Palunteer<00:00:22.400> and<00:00:22.560> Nvidia
a rocket docket. Palunteer and Nvidia
have<00:00:23.199> announced<00:00:23.920> a<00:00:24.320> sovereign<00:00:24.960> AI
have announced a sovereign AI
partnership.<00:00:26.000> Where<00:00:26.160> have<00:00:26.320> we<00:00:26.400> heard<00:00:26.560> that
partnership. Where have we heard that
term<00:00:27.039> before?<00:00:27.760> Palanteer<00:00:28.480> is<00:00:28.640> going<00:00:28.720> to<00:00:28.880> use
term before? Palanteer is going to use
Nvidia's<00:00:30.080> Neotron.<00:00:31.519> Neotron<00:00:32.880> like<00:00:33.120> the<00:00:33.280> Pixar
Nvidia's Neotron. Neotron like the Pixar
film<00:00:34.079> open<00:00:34.480> models<00:00:35.120> to<00:00:35.440> build<00:00:35.680> a<00:00:36.000> custom
film open models to build a custom
frontier<00:00:37.040> quality<00:00:37.440> model<00:00:38.079> to<00:00:38.399> serve<00:00:38.719> the<00:00:39.040> US
frontier quality model to serve the US
government.<00:00:39.840> Palanteer<00:00:40.399> is<00:00:40.559> calling<00:00:40.879> this
government. Palanteer is calling this
new<00:00:41.360> platform<00:00:42.559> sovereign<00:00:43.120> AI<00:00:43.680> operating
new platform sovereign AI operating
system.<00:00:44.719> The<00:00:44.879> US<00:00:45.200> government<00:00:45.520> agencies<00:00:46.000> will
system. The US government agencies will
own<00:00:46.399> the<00:00:46.559> hardware,<00:00:47.200> the<00:00:47.520> data,<00:00:47.920> and<00:00:48.160> the
own the hardware, the data, and the
model<00:00:48.559> waits.<00:00:48.960> Palanteer<00:00:49.520> also<00:00:49.840> shared<00:00:50.559> a
model waits. Palanteer also shared a
viral<00:00:51.200> tweet<00:00:51.520> manifesto<00:00:52.320> laying<00:00:52.399> out<00:00:52.559> the
viral tweet manifesto laying out the
concept,<00:00:53.520> "Data<00:00:54.079> retention<00:00:54.399> is<00:00:54.640> your
concept, "Data retention is your
treasure.<00:00:55.360> Transfer<00:00:55.680> it<00:00:55.920> at<00:00:56.079> your<00:00:56.160> own<00:00:56.399> peril.
treasure. Transfer it at your own peril.
Transferring<00:00:57.440> that<00:00:57.680> data<00:00:58.239> hands<00:00:58.640> over<00:00:58.879> access
Transferring that data hands over access
to<00:00:59.359> your<00:00:59.520> pre-existing<00:01:00.079> winning<00:01:00.399> plays<00:01:00.800> and
to your pre-existing winning plays and
yields<00:01:01.359> the<00:01:01.680> means<00:01:02.000> of<00:01:02.160> production<00:01:02.800> for<00:01:03.039> new
yields the means of production for new
ones.<00:01:03.600> CEO<00:01:04.080> Alex<00:01:04.320> Karp<00:01:04.720> went<00:01:04.799> on<00:01:05.040> CNBC<00:01:06.080> to
ones. CEO Alex Karp went on CNBC to
announce<00:01:06.960> the<00:01:07.280> partnership<00:01:07.920> in<00:01:08.320> a<00:01:08.560> classic
announce the partnership in a classic
Karp
Robin<00:01:11.200> Williams<00:01:11.920> style<00:01:12.560> monologue.<00:01:13.360> Here's<00:01:14.320> a
Robin Williams style monologue. Here's a
clip<00:01:15.119> from<00:01:15.439> his<00:01:15.920> 20inut<00:01:17.040> interview<00:01:17.759> where<00:01:18.000> he
clip from his 20inut interview where he
where<00:01:19.119> he<00:01:19.439> basically<00:01:20.240> went<00:01:20.479> after<00:01:20.720> the
where he basically went after the
frontier<00:01:21.439> models<00:01:21.920> like<00:01:22.240> Anthropic.<00:01:22.960> Play<00:01:23.200> the
frontier models like Anthropic. Play the
clip.<00:01:23.840> Our<00:01:24.560> clients<00:01:25.040> are<00:01:25.360> just<00:01:25.600> to<00:01:25.840> say
clip. Our clients are just to say
they're<00:01:26.240> unhappy<00:01:27.040> with<00:01:27.280> the<00:01:27.439> Frontier<00:01:27.920> Labs
they're unhappy with the Frontier Labs
is<00:01:28.400> to<00:01:28.560> say<00:01:28.720> I'm<00:01:28.960> welcome<00:01:29.200> at<00:01:29.360> the<00:01:29.520> Berkeley
is to say I'm welcome at the Berkeley
faculty.<00:01:30.799> It's<00:01:31.040> like<00:01:31.439> there's<00:01:31.759> just<00:01:31.920> a<00:01:32.159> level
faculty. It's like there's just a level
of<00:01:32.799> discomfort<00:01:33.759> and<00:01:34.159> loss<00:01:34.479> of<00:01:34.640> trust.<00:01:35.360> Sam<00:01:35.759> and
of discomfort and loss of trust. Sam and
and<00:01:36.159> and<00:01:36.479> Daario,<00:01:37.680> there's<00:01:38.000> nothing<00:01:38.159> more<00:01:38.400> fun
and and Daario, there's nothing more fun
than<00:01:38.720> debating<00:01:39.040> Daario<00:01:39.439> in<00:01:39.600> private.<00:01:40.159> So<00:01:40.640> this
than debating Daario in private. So this
is<00:01:40.960> I'm<00:01:41.200> not<00:01:41.360> throwing<00:01:41.600> shade<00:01:41.840> at<00:01:42.000> them,<00:01:42.560> but
is I'm not throwing shade at them, but
something<00:01:43.119> has<00:01:43.360> gone<00:01:43.680> completely<00:01:44.159> wrong.<00:01:44.880> And
something has gone completely wrong. And
the<00:01:45.680> basic<00:01:46.079> view<00:01:46.880> among<00:01:47.360> enterprises<00:01:48.000> in<00:01:48.320> this
the basic view among enterprises in this
country<00:01:48.880> is<00:01:49.680> I'm<00:01:50.000> going<00:01:50.079> to<00:01:50.240> chill<00:01:50.640> lax<00:01:51.280> uh<00:01:51.360> and
country is I'm going to chill lax uh and
waste<00:01:52.079> my<00:01:52.320> time<00:01:52.479> with<00:01:52.640> tokens.<00:01:53.360> I'm<00:01:53.600> going<00:01:53.680> to
waste my time with tokens. I'm going to
get<00:01:54.000> no<00:01:54.240> value<00:01:54.560> and<00:01:54.880> they're<00:01:55.040> going<00:01:55.119> to<00:01:55.200> get<00:01:55.360> my
get no value and they're going to get my
IP.<00:01:56.079> When<00:01:56.320> the<00:01:56.479> do<00:01:57.040> department<00:01:57.360> of<00:01:57.520> war<00:01:57.840> goes
IP. When the do department of war goes
to<00:01:58.159> you<00:01:58.320> and<00:01:58.560> says<00:01:59.040> I<00:01:59.280> need<00:01:59.439> this<00:01:59.759> application,
to you and says I need this application,
do<00:02:00.880> they<00:02:01.040> get<00:02:01.200> to<00:02:01.439> control<00:02:01.680> the<00:02:01.920> weights<00:02:02.240> to<00:02:02.399> do
do they get to control the weights to do
it<00:02:02.719> or<00:02:02.960> do<00:02:03.119> you<00:02:03.360> get<00:02:03.520> to<00:02:03.600> control<00:02:03.840> the<00:02:04.000> weights?
it or do you get to control the weights?
Are<00:02:04.640> we<00:02:04.799> really<00:02:05.119> going<00:02:05.200> to<00:02:05.360> outsource<00:02:06.079> the
Are we really going to outsource the
battlefield<00:02:06.960> of<00:02:07.280> this<00:02:07.520> country<00:02:08.080> to<00:02:08.399> the
battlefield of this country to the
consensus<00:02:09.360> view<00:02:09.679> in<00:02:09.920> Silicon<00:02:10.399> Valley?<00:02:11.120> That
consensus view in Silicon Valley? That
is<00:02:11.840> effing<00:02:12.319> insane.
is effing insane.
>> All<00:02:13.680> right.<00:02:14.239> And<00:02:14.640> so<00:02:15.120> some<00:02:15.440> folks<00:02:16.000> uh<00:02:16.239> refer<00:02:16.480> to
>> All right. And so some folks uh refer to
this<00:02:16.879> as<00:02:17.200> a<00:02:17.440> televised<00:02:18.080> nervous<00:02:18.480> breakdown.
this as a televised nervous breakdown.
We<00:02:19.760> here<00:02:19.920> at<00:02:20.080> Allink<00:02:20.560> call<00:02:20.720> that<00:02:20.959> Alex<00:02:21.200> Garp<00:02:21.599> on
We here at Allink call that Alex Garp on
a<00:02:21.840> Tuesday.
a Tuesday.
And<00:02:23.360> we<00:02:23.599> talked<00:02:23.840> about<00:02:24.000> this<00:02:24.560> Chimath<00:02:25.440> uh<00:02:26.080> Sax
And we talked about this Chimath uh Sax
Freedber.<00:02:26.959> We<00:02:27.040> talked<00:02:27.200> about<00:02:27.360> this<00:02:27.440> a<00:02:27.680> whole
Freedber. We talked about this a whole
bunch<00:02:28.959> back<00:02:29.200> in<00:02:29.440> February.
bunch back in February.
I<00:02:31.440> coined<00:02:32.480> the<00:02:32.720> term<00:02:32.959> intelligence
I coined the term intelligence
sovereignty<00:02:34.640> here.<00:02:35.440> Here's<00:02:35.840> your<00:02:36.080> victory
sovereignty here. Here's your victory
fact.<00:02:36.959> Do<00:02:37.120> I<00:02:37.360> want<00:02:37.440> to<00:02:37.599> give<00:02:37.920> all<00:02:38.160> of<00:02:38.239> the
fact. Do I want to give all of the
secrets<00:02:38.800> in<00:02:38.959> our<00:02:39.200> organization,<00:02:39.920> every<00:02:40.160> piece
secrets in our organization, every piece
of<00:02:40.640> intellectual<00:02:41.200> property<00:02:41.840> to<00:02:42.080> Sam<00:02:42.319> Alman
of intellectual property to Sam Alman
who's<00:02:43.040> got<00:02:43.200> to<00:02:43.360> make<00:02:43.760> a<00:02:44.080> billion<00:02:44.319> dollars<00:02:44.480> a
who's got to make a billion dollars a
year<00:02:44.800> to<00:02:45.040> keep<00:02:45.200> up<00:02:45.280> with<00:02:45.440> his<00:02:45.599> spend,<00:02:45.920> right?
year to keep up with his spend, right?
He's<00:02:46.480> going<00:02:46.640> to<00:02:46.800> build<00:02:47.120> every<00:02:47.440> application.
He's going to build every application.
I've<00:02:48.319> been<00:02:48.480> talking<00:02:48.640> about<00:02:48.879> AI<00:02:49.280> sovereignty
I've been talking about AI sovereignty
here<00:02:50.080> for<00:02:50.319> a<00:02:50.560> bit<00:02:50.959> just<00:02:51.280> in<00:02:51.519> terms<00:02:51.760> of<00:02:52.319> how<00:02:52.640> much
here for a bit just in terms of how much
more<00:02:53.200> coste<00:02:53.519> effective<00:02:54.000> it<00:02:54.239> is<00:02:54.800> and<00:02:55.120> how
more coste effective it is and how
you're<00:02:55.519> not<00:02:55.760> training<00:02:56.080> other<00:02:56.400> people's<00:02:56.720> AIs
you're not training other people's AIs
with<00:02:57.360> your<00:02:57.599> knowledge<00:02:57.840> and<00:02:58.080> your<00:02:58.239> insights.
with your knowledge and your insights.
This<00:02:59.120> is<00:02:59.280> why<00:02:59.440> it's<00:02:59.680> super<00:02:59.920> important<00:03:00.160> that
This is why it's super important that
open-source<00:03:01.519> open-<00:03:01.840> source<00:03:02.159> agents<00:03:02.640> and
open-source open- source agents and
local<00:03:03.360> hardware<00:03:03.920> be<00:03:04.080> able<00:03:04.239> to<00:03:04.400> run<00:03:04.560> these
local hardware be able to run these
models<00:03:05.440> and<00:03:05.680> that<00:03:06.159> consumers<00:03:06.720> and<00:03:07.040> companies
models and that consumers and companies
learn<00:03:08.080> how<00:03:08.319> to<00:03:08.480> roll<00:03:08.720> their<00:03:09.040> own<00:03:09.200> language
learn how to roll their own language
models.<00:03:10.000> The<00:03:10.239> intelligent<00:03:10.720> sovereignty<00:03:11.120> is
models. The intelligent sovereignty is
different<00:03:11.440> than<00:03:11.599> privacy.<00:03:12.159> Privacy<00:03:12.560> is<00:03:12.879> oh,
different than privacy. Privacy is oh,
you<00:03:13.360> can't<00:03:13.519> see<00:03:13.680> my<00:03:13.920> photos.<00:03:14.319> You<00:03:14.560> can't<00:03:14.879> peek
you can't see my photos. You can't peek
into<00:03:15.440> my<00:03:15.760> notes<00:03:16.080> app<00:03:16.319> and<00:03:16.480> what<00:03:16.640> I<00:03:16.800> wrote<00:03:16.959> there
into my notes app and what I wrote there
in<00:03:17.280> my<00:03:17.440> journal.<00:03:17.840> Intelligent<00:03:18.319> sovereignty
in my journal. Intelligent sovereignty
is<00:03:19.040> you<00:03:19.280> can't<00:03:19.599> tell<00:03:19.760> me<00:03:19.920> what<00:03:20.159> to<00:03:20.319> think.<00:03:20.959> You
is you can't tell me what to think. You
can't<00:03:21.519> use<00:03:21.840> your<00:03:22.080> AI<00:03:22.640> to<00:03:22.879> analyze<00:03:23.360> my<00:03:23.680> photos,
can't use your AI to analyze my photos,
to<00:03:24.239> analyze<00:03:24.640> my<00:03:24.879> emails,<00:03:25.280> to<00:03:25.440> analyze<00:03:25.760> my
to analyze my emails, to analyze my
messages,<00:03:26.560> and<00:03:26.800> tell<00:03:26.879> me<00:03:27.120> how<00:03:27.200> to<00:03:27.360> interpret
messages, and tell me how to interpret
the<00:03:28.000> world.<00:03:28.720> That's<00:03:29.040> actually<00:03:29.280> going<00:03:29.360> to<00:03:29.440> be
the world. That's actually going to be
the<00:03:29.840> next<00:03:30.000> key<00:03:30.239> piece<00:03:30.480> here.<00:03:31.040> All<00:03:31.120> right.<00:03:31.599> And
the next key piece here. All right. And
uh<00:03:32.560> Sax,<00:03:33.360> you<00:03:33.599> are<00:03:33.760> in<00:03:34.080> your<00:03:34.480> long<00:03:34.799> post<00:03:35.280> era.
uh Sax, you are in your long post era.
Another<00:03:36.720> long<00:03:37.040> post<00:03:37.360> this<00:03:37.599> week<00:03:38.239> from<00:03:38.560> you<00:03:38.959> on
Another long post this week from you on
this<00:03:39.440> very<00:03:39.760> topic.<00:03:40.319> And<00:03:40.640> obviously<00:03:41.200> as<00:03:41.840> uh
this very topic. And obviously as uh
AISAR<00:03:43.519> there<00:03:43.840> for<00:03:44.080> the<00:03:44.480> first<00:03:44.640> half<00:03:44.799> of<00:03:44.959> the
AISAR there for the first half of the
Trump<00:03:45.360> administration,<00:03:46.080> you<00:03:46.560> uh<00:03:46.799> been<00:03:47.040> very
Trump administration, you uh been very
involved<00:03:47.599> and<00:03:47.760> very<00:03:48.000> close<00:03:48.159> to<00:03:48.319> this.<00:03:48.560> I<00:03:48.799> would
involved and very close to this. I would
love<00:03:49.120> to<00:03:49.360> hear<00:03:50.000> inside<00:03:51.120> I'd<00:03:51.280> love<00:03:51.440> to<00:03:51.519> hear
love to hear inside I'd love to hear
your<00:03:51.840> take<00:03:52.000> on<00:03:52.159> this<00:03:52.400> and<00:03:52.560> your<00:03:52.720> long<00:03:52.959> posts
your take on this and your long posts
over<00:03:53.760> 300<00:03:54.159> words.<00:03:54.560> You<00:03:54.720> can<00:03:54.879> follow
over 300 words. You can follow
x.com/davidsax,
but<00:03:57.200> also<00:03:57.439> like<00:03:57.760> the<00:03:58.000> palace<00:03:58.400> intrigue<00:03:58.799> here
but also like the palace intrigue here
and<00:03:59.760> what<00:03:59.920> this<00:04:00.159> means<00:04:00.480> in<00:04:00.799> terms<00:04:01.040> of
and what this means in terms of
the<00:04:03.680> relationship<00:04:04.159> with<00:04:04.319> the<00:04:04.480> government,
the relationship with the government,
which<00:04:04.799> we're<00:04:04.959> going<00:04:04.959> to<00:04:05.120> get<00:04:05.200> into<00:04:05.360> in<00:04:05.519> our
which we're going to get into in our
second<00:04:05.920> story.
second story.
Well,<00:04:08.239> look,<00:04:08.400> Jay<00:04:08.640> Cal,<00:04:08.879> I<00:04:08.959> got<00:04:09.040> to<00:04:09.120> give<00:04:09.200> you
Well, look, Jay Cal, I got to give you
some<00:04:09.519> credit<00:04:09.840> there.<00:04:10.159> The<00:04:10.400> first<00:04:10.480> part<00:04:10.640> of
some credit there. The first part of
your<00:04:11.120> take<00:04:11.439> was<00:04:11.760> spot<00:04:12.000> on.<00:04:12.560> After<00:04:12.799> that,<00:04:13.040> it
your take was spot on. After that, it
was<00:04:13.280> kind<00:04:13.360> of<00:04:13.439> diminishing<00:04:14.000> returns.<00:04:14.400> I'm<00:04:14.560> not
was kind of diminishing returns. I'm not
sure<00:04:14.799> why<00:04:14.959> we<00:04:15.040> had<00:04:15.200> to<00:04:15.280> listen<00:04:15.439> to<00:04:15.519> the<00:04:15.760> next<00:04:15.920> 30
sure why we had to listen to the next 30
seconds<00:04:16.479> of<00:04:16.560> it,<00:04:16.720> but<00:04:16.959> anyway,<00:04:18.079> uh,<00:04:19.440> it
seconds of it, but anyway, uh, it
started<00:04:20.000> off<00:04:20.239> really<00:04:20.560> strong.<00:04:20.959> But<00:04:21.120> let's<00:04:21.359> go
started off really strong. But let's go
back<00:04:21.680> to<00:04:21.840> the<00:04:22.160> supposed<00:04:22.639> crash<00:04:23.040> out<00:04:23.199> by<00:04:23.360> Karp
back to the supposed crash out by Karp
on<00:04:23.919> CNBC.<00:04:24.639> It<00:04:24.800> was<00:04:24.960> nothing<00:04:25.120> of<00:04:25.360> the<00:04:25.520> sort.<00:04:26.320> It
on CNBC. It was nothing of the sort. It
was<00:04:26.639> all<00:04:26.720> these<00:04:26.960> legacy<00:04:27.440> media<00:04:27.680> types<00:04:28.000> making
was all these legacy media types making
that<00:04:28.479> claim.<00:04:28.720> And<00:04:28.880> that's<00:04:29.040> the<00:04:29.280> first<00:04:29.440> clue
that claim. And that's the first clue
that<00:04:30.320> he's<00:04:30.639> actually<00:04:30.880> saying<00:04:31.199> something
that he's actually saying something
insightful<00:04:32.080> and<00:04:32.400> maybe<00:04:32.720> kind<00:04:32.880> of<00:04:33.040> brilliant.
insightful and maybe kind of brilliant.
And<00:04:34.080> I<00:04:34.400> think<00:04:34.560> the<00:04:34.800> thing<00:04:34.960> that<00:04:35.120> he<00:04:35.440> said<00:04:36.160> that
And I think the thing that he said that
I<00:04:36.560> hadn't<00:04:36.800> really<00:04:36.960> thought<00:04:37.120> about<00:04:37.280> in<00:04:37.520> quite
I hadn't really thought about in quite
those<00:04:38.080> terms<00:04:38.400> is<00:04:38.639> he<00:04:38.880> started<00:04:39.199> talking<00:04:39.520> about
those terms is he started talking about
AI<00:04:40.400> safety<00:04:41.199> in<00:04:41.520> the<00:04:41.680> enterprise<00:04:42.080> and<00:04:42.320> what
AI safety in the enterprise and what
that<00:04:42.720> really<00:04:42.960> looks<00:04:43.199> like.<00:04:43.520> And<00:04:43.680> what<00:04:43.840> he<00:04:44.080> said
that really looks like. And what he said
is<00:04:45.040> that<00:04:45.360> what<00:04:45.759> technical<00:04:46.320> customers<00:04:46.880> want<00:04:47.199> is
is that what technical customers want is
control<00:04:47.919> over<00:04:48.240> their<00:04:48.479> compute,<00:04:48.960> their
control over their compute, their
models,<00:04:49.600> their<00:04:49.759> data<00:04:50.080> stack<00:04:50.720> and<00:04:50.960> their
models, their data stack and their
alpha,<00:04:51.600> meaning<00:04:51.840> their<00:04:52.080> proprietary
alpha, meaning their proprietary
knowledge.<00:04:53.440> They<00:04:53.680> want<00:04:53.840> to<00:04:54.000> know<00:04:54.479> they<00:04:54.720> own
knowledge. They want to know they own
the<00:04:55.199> means<00:04:55.520> of<00:04:55.680> production,<00:04:56.400> he<00:04:56.639> said,<00:04:57.120> and
the means of production, he said, and
it's<00:04:57.680> not<00:04:57.840> being<00:04:58.000> transferred<00:04:58.479> to<00:04:58.639> someone
it's not being transferred to someone
else.<00:04:59.759> And<00:05:00.080> what<00:05:00.240> he's<00:05:00.560> referring<00:05:00.800> to<00:05:01.040> there
else. And what he's referring to there
is<00:05:01.759> that<00:05:02.160> these<00:05:02.479> enterprises<00:05:03.360> are<00:05:03.600> at<00:05:03.840> risk<00:05:04.160> of
is that these enterprises are at risk of
transferring<00:05:05.040> their<00:05:05.280> knowledge,<00:05:05.600> their
transferring their knowledge, their
knowhow,<00:05:06.160> their<00:05:06.320> trade<00:05:06.639> secrets,<00:05:07.039> their
knowhow, their trade secrets, their
customer<00:05:07.600> data<00:05:08.320> to<00:05:08.560> these<00:05:08.800> model<00:05:09.120> providers
customer data to these model providers
who<00:05:09.919> might<00:05:10.320> eventually<00:05:10.800> decide<00:05:11.199> to<00:05:11.520> compete
who might eventually decide to compete
with<00:05:12.080> them.<00:05:12.560> Like<00:05:12.720> you<00:05:12.960> said,<00:05:13.199> JCAL<00:05:14.240> and<00:05:14.560> you
with them. Like you said, JCAL and you
can<00:05:14.960> see<00:05:15.280> that<00:05:15.680> enterprises<00:05:16.240> are<00:05:16.400> waking<00:05:16.720> up
can see that enterprises are waking up
to<00:05:16.960> this<00:05:17.199> threat<00:05:17.520> and<00:05:17.759> they're<00:05:17.919> not<00:05:18.160> happy
to this threat and they're not happy
about<00:05:18.479> it.<00:05:18.720> And<00:05:18.880> I<00:05:19.039> think<00:05:19.199> KARP<00:05:19.680> is<00:05:20.560> exactly
about it. And I think KARP is exactly
right<00:05:21.759> about<00:05:22.000> that.<00:05:23.360> Now,
right about that. Now,
I<00:05:25.120> think<00:05:25.199> this<00:05:25.360> is<00:05:25.440> a<00:05:25.680> really<00:05:25.919> interesting
I think this is a really interesting
take<00:05:26.880> on<00:05:27.919> AI<00:05:28.400> safety<00:05:28.880> because<00:05:30.000> what<00:05:30.800> safety
take on AI safety because what safety
means<00:05:31.600> for<00:05:31.840> an<00:05:32.080> enterprise<00:05:32.720> is<00:05:33.039> again<00:05:33.199> that
means for an enterprise is again that
they<00:05:33.680> get<00:05:33.759> to<00:05:34.000> control<00:05:34.240> their<00:05:34.560> own<00:05:34.720> data,
they get to control their own data,
their<00:05:35.759> model<00:05:36.080> weights,<00:05:36.639> their<00:05:36.960> compute.<00:05:37.919> So,
their model weights, their compute. So,
a<00:05:38.320> frontier<00:05:38.800> lab<00:05:39.039> can't<00:05:39.360> hoover<00:05:39.680> up<00:05:39.919> their
a frontier lab can't hoover up their
proprietary<00:05:40.720> knowledge,<00:05:41.120> their<00:05:41.360> alpha<00:05:42.160> and
proprietary knowledge, their alpha and
turn<00:05:42.639> it<00:05:42.880> into<00:05:43.440> their<00:05:43.840> next<00:05:44.160> product.<00:05:44.639> And<00:05:44.880> if
turn it into their next product. And if
you<00:05:45.280> don't<00:05:45.440> think<00:05:45.600> that<00:05:45.840> can<00:05:46.080> happen,<00:05:46.800> just
you don't think that can happen, just
look<00:05:47.199> at<00:05:47.440> what<00:05:47.840> happened<00:05:48.080> to<00:05:48.400> Figma.<00:05:49.280> So
look at what happened to Figma. So
according<00:05:49.919> to<00:05:50.000> the<00:05:50.240> information,<00:05:50.960> Anthropic
according to the information, Anthropic
quote<00:05:51.840> unquote<00:05:52.320> blindsided<00:05:53.759> its<00:05:54.160> then
quote unquote blindsided its then
business<00:05:54.960> partner<00:05:55.840> with<00:05:56.160> the<00:05:56.320> launch<00:05:56.639> of
business partner with the launch of
Clawude<00:05:57.600> Design.<00:05:58.240> So<00:05:58.479> this<00:05:58.720> was<00:05:58.800> a<00:05:59.039> new
Clawude Design. So this was a new
vertical<00:05:59.759> app<00:06:00.080> that<00:06:00.880> Anthropic<00:06:01.520> launched<00:06:01.919> to
vertical app that Anthropic launched to
compete<00:06:02.639> in<00:06:02.960> the<00:06:03.199> design<00:06:03.520> category.<00:06:04.720> And
compete in the design category. And
Figma's<00:06:05.759> founder<00:06:06.160> said<00:06:06.319> that<00:06:06.560> Anthropic<00:06:07.120> had
Figma's founder said that Anthropic had
not<00:06:07.520> been<00:06:07.840> completely<00:06:08.319> honest<00:06:08.639> with<00:06:08.880> them.
not been completely honest with them.
Enthropic<00:06:10.319> chief<00:06:10.479> product<00:06:10.800> officer<00:06:11.039> had
Enthropic chief product officer had
actually<00:06:11.840> even<00:06:12.160> served<00:06:12.479> on<00:06:12.639> Figma's<00:06:13.280> board
actually even served on Figma's board
and<00:06:14.160> didn't<00:06:14.400> resign<00:06:14.800> until<00:06:15.199> 3<00:06:15.440> days<00:06:15.680> before
and didn't resign until 3 days before
the<00:06:16.160> launch<00:06:16.400> of<00:06:16.560> Claude<00:06:16.960> Design.<00:06:17.680> So
the launch of Claude Design. So
obviously<00:06:18.560> Figma<00:06:19.039> again<00:06:19.199> felt<00:06:19.520> blindsided<00:06:20.080> by
obviously Figma again felt blindsided by
this<00:06:20.800> and<00:06:21.039> you<00:06:21.199> can<00:06:21.280> see<00:06:21.440> the<00:06:21.680> resulting
this and you can see the resulting
impact<00:06:22.720> on<00:06:22.880> their<00:06:23.120> stock<00:06:23.360> price.<00:06:23.600> Figma's
impact on their stock price. Figma's
stock<00:06:24.240> has<00:06:24.479> fallen<00:06:25.440> something<00:06:25.680> like<00:06:25.919> 50%<00:06:26.479> this
stock has fallen something like 50% this
year<00:06:27.120> while<00:06:27.360> Anthropic's<00:06:28.000> valuation<00:06:28.479> has
year while Anthropic's valuation has
surged.<00:06:29.680> This<00:06:29.919> is<00:06:30.080> not<00:06:30.240> an<00:06:30.479> isolated<00:06:31.039> example.
surged. This is not an isolated example.
Anthropic<00:06:32.160> has<00:06:32.319> also<00:06:32.560> launched<00:06:32.880> Cloud
Anthropic has also launched Cloud
Science,<00:06:33.680> Claude<00:06:34.080> Security,<00:06:34.880> Claude<00:06:35.280> Legal,
Science, Claude Security, Claude Legal,
Claude<00:06:36.240> Financial,<00:06:37.199> and<00:06:37.440> of<00:06:37.680> course<00:06:37.919> Claude
Claude Financial, and of course Claude
Code.<00:06:39.600> And<00:06:39.840> every<00:06:40.080> single<00:06:40.319> one<00:06:40.400> of<00:06:40.479> these
Code. And every single one of these
vertical<00:06:41.120> apps<00:06:41.680> expanded<00:06:42.080> into<00:06:42.400> categories
vertical apps expanded into categories
that<00:06:43.280> was<00:06:43.600> previously<00:06:44.160> served<00:06:45.120> by<00:06:45.440> companies
that was previously served by companies
building<00:06:46.240> on<00:06:46.479> top<00:06:46.639> of<00:06:46.880> Anthropic's<00:06:47.600> own
building on top of Anthropic's own
models.<00:06:48.880> And<00:06:49.120> really,<00:06:49.520> if<00:06:49.759> you<00:06:49.919> want<00:06:50.000> to<00:06:50.160> go
models. And really, if you want to go
back<00:06:50.560> to<00:06:51.120> when<00:06:52.240> Anthropic's<00:06:52.880> revenue
back to when Anthropic's revenue
explosion<00:06:53.840> began,<00:06:54.800> it<00:06:55.039> was<00:06:55.199> with<00:06:55.440> the<00:06:55.600> launch
explosion began, it was with the launch
of<00:06:55.919> Claude<00:06:56.319> Code.<00:06:56.639> And<00:06:56.880> how<00:06:57.039> did<00:06:57.199> they<00:06:57.360> know<00:06:57.600> to
of Claude Code. And how did they know to
launch<00:06:58.160> that<00:06:58.479> product?<00:06:59.120> Because<00:06:59.280> they<00:06:59.599> saw
launch that product? Because they saw
that<00:07:00.560> cursor<00:07:01.840> was<00:07:02.160> doing<00:07:02.479> extremely<00:07:02.960> well.
that cursor was doing extremely well.
Curser<00:07:03.759> was<00:07:04.000> one<00:07:04.160> of<00:07:04.240> their<00:07:04.479> biggest
Curser was one of their biggest
customers.<00:07:05.520> They<00:07:05.919> created<00:07:06.160> the<00:07:06.319> coding
customers. They created the coding
assistant<00:07:07.440> first.<00:07:07.759> they<00:07:08.000> created<00:07:08.240> that
assistant first. they created that
category<00:07:09.199> and<00:07:09.520> anthropic<00:07:10.080> said<00:07:10.319> oh<00:07:10.639> like<00:07:10.960> why
category and anthropic said oh like why
don't<00:07:11.360> we<00:07:11.840> vertically<00:07:12.319> integrate<00:07:13.039> so<00:07:13.280> in
don't we vertically integrate so in
other<00:07:13.599> words<00:07:13.840> they're<00:07:14.160> watching<00:07:14.400> where<00:07:14.639> the
other words they're watching where the
value<00:07:14.960> is<00:07:15.199> being<00:07:15.360> created<00:07:15.759> on<00:07:16.000> top<00:07:16.160> of<00:07:16.319> their
value is being created on top of their
models<00:07:16.960> then<00:07:17.120> they're<00:07:17.360> moving<00:07:17.599> in<00:07:17.759> directly
models then they're moving in directly
and<00:07:19.039> this<00:07:19.280> is<00:07:19.360> a<00:07:19.520> formula<00:07:19.919> that<00:07:20.080> I<00:07:20.319> think<00:07:20.400> is
and this is a formula that I think is
very<00:07:20.960> Microsoft<00:07:21.599> like<00:07:21.840> you<00:07:22.000> could<00:07:22.160> say<00:07:22.240> it's
very Microsoft like you could say it's
very<00:07:23.199> Google<00:07:23.599> like<00:07:24.080> they<00:07:24.319> want<00:07:24.479> to<00:07:24.560> dominate
very Google like they want to dominate
the<00:07:25.120> model<00:07:25.520> layer<00:07:25.759> you<00:07:25.919> could<00:07:26.000> call<00:07:26.160> that<00:07:26.319> the
the model layer you could call that the
operating<00:07:26.880> system<00:07:27.520> and<00:07:27.759> then<00:07:28.000> use<00:07:28.319> that
operating system and then use that
position<00:07:29.680> that<00:07:29.919> monopolistic<00:07:30.639> position<00:07:30.960> to
position that monopolistic position to
capture<00:07:32.000> the<00:07:32.240> most<00:07:32.400> lucrative<00:07:32.880> verticals<00:07:33.360> so
capture the most lucrative verticals so
if<00:07:33.919> you<00:07:34.160> want<00:07:34.240> to<00:07:34.400> think<00:07:34.479> about<00:07:34.639> like<00:07:34.880> the
if you want to think about like the
Microsoft<00:07:35.680> example<00:07:36.560> they<00:07:36.720> had<00:07:36.880> the<00:07:37.039> Windows
Microsoft example they had the Windows
monopoly<00:07:37.919> and<00:07:38.160> then<00:07:38.319> systematically<00:07:39.039> they
monopoly and then systematically they
went<00:07:39.599> and<00:07:39.919> dominated<00:07:40.479> every<00:07:41.680> lucrative
went and dominated every lucrative
category<00:07:42.639> of<00:07:42.880> business<00:07:43.120> software.<00:07:43.520> It
category of business software. It
started<00:07:43.919> with<00:07:44.160> spreadsheets<00:07:44.720> and<00:07:45.360> word
started with spreadsheets and word
processing<00:07:46.000> and<00:07:46.160> then<00:07:46.400> eventually<00:07:46.639> it<00:07:46.800> went
processing and then eventually it went
to<00:07:47.039> the<00:07:47.280> browser<00:07:47.840> so<00:07:48.080> forth<00:07:48.319> and<00:07:48.479> so<00:07:48.639> on.<00:07:49.039> If
to the browser so forth and so on. If
you<00:07:49.360> want<00:07:49.440> to<00:07:49.520> look<00:07:49.680> at<00:07:49.840> Google,<00:07:50.560> they
you want to look at Google, they
basically<00:07:51.280> had<00:07:51.440> a<00:07:51.840> monopoly<00:07:52.319> or<00:07:52.479> dominant
basically had a monopoly or dominant
position<00:07:53.680> in<00:07:54.160> search.<00:07:54.800> And<00:07:55.039> if<00:07:55.199> you<00:07:55.360> go<00:07:55.440> back
position in search. And if you go back
to<00:07:55.759> the<00:07:55.919> early<00:07:56.080> days<00:07:56.319> of<00:07:56.479> Google,<00:07:56.879> the<00:07:57.120> search
to the early days of Google, the search
results<00:07:58.160> picked<00:07:58.479> you<00:07:58.720> off<00:07:59.039> site.<00:07:59.680> And<00:07:59.840> in
results picked you off site. And in
fact,<00:08:00.160> they<00:08:00.400> really<00:08:00.639> pride<00:08:00.960> themselves<00:08:01.280> on
fact, they really pride themselves on
how<00:08:01.680> quickly<00:08:02.240> they<00:08:02.479> could<00:08:02.639> send<00:08:02.800> you<00:08:02.960> off
how quickly they could send you off
site.<00:08:03.520> But<00:08:03.599> gradually<00:08:04.000> over<00:08:04.319> time,<00:08:05.120> they<00:08:05.440> use
site. But gradually over time, they use
that<00:08:06.080> traffic<00:08:06.560> to<00:08:06.800> tell<00:08:07.039> themselves<00:08:07.520> where<00:08:07.759> to
that traffic to tell themselves where to
build<00:08:08.160> properties.<00:08:09.039> And<00:08:09.280> today,<00:08:10.400> fewer<00:08:10.800> than
build properties. And today, fewer than
half<00:08:11.280> of<00:08:11.520> searches<00:08:12.000> kick<00:08:12.160> you<00:08:12.319> off<00:08:12.479> site.<00:08:12.800> You
half of searches kick you off site. You
stay<00:08:13.280> on<00:08:13.599> Google<00:08:13.919> properties.<00:08:14.400> And<00:08:14.560> I<00:08:14.720> think
stay on Google properties. And I think
something<00:08:15.520> similar<00:08:15.840> is<00:08:16.000> happening<00:08:16.240> with
something similar is happening with
Anthropic<00:08:16.960> here.<00:08:17.199> the<00:08:17.440> pattern<00:08:18.080> is<00:08:18.479> clear,
Anthropic here. the pattern is clear,
they<00:08:19.680> are<00:08:19.840> going<00:08:20.000> to<00:08:20.080> use<00:08:20.319> their<00:08:20.560> dominant
they are going to use their dominant
position<00:08:21.520> in<00:08:22.000> the<00:08:22.240> model<00:08:22.560> to<00:08:22.879> then<00:08:23.199> grab<00:08:23.520> more
position in the model to then grab more
and<00:08:23.840> more<00:08:24.000> territory<00:08:24.479> in<00:08:24.720> any<00:08:24.960> interesting
and more territory in any interesting
and<00:08:25.520> lucrative<00:08:25.919> vertical.<00:08:26.639> So<00:08:26.879> again,<00:08:27.199> back
and lucrative vertical. So again, back
to<00:08:27.520> Alex<00:08:27.840> Karp's<00:08:28.319> point,<00:08:28.560> if<00:08:28.800> you're<00:08:28.960> an
to Alex Karp's point, if you're an
enterprise<00:08:29.599> customer<00:08:30.479> or<00:08:30.800> a<00:08:31.039> developer,<00:08:31.759> why
enterprise customer or a developer, why
in<00:08:32.240> the<00:08:32.320> world<00:08:32.560> would<00:08:32.800> you<00:08:32.959> ever<00:08:33.200> want<00:08:33.360> to
in the world would you ever want to
share<00:08:33.760> any<00:08:34.080> proprietary<00:08:34.560> data<00:08:34.800> with<00:08:35.039> them?
share any proprietary data with them?
You<00:08:35.599> are<00:08:35.760> mortgaging<00:08:36.159> your<00:08:36.399> future.<00:08:36.800> You<00:08:36.880> are
You are mortgaging your future. You are
sealing<00:08:37.440> your<00:08:37.599> fate.<00:08:38.320> You<00:08:38.560> are<00:08:38.800> going<00:08:38.880> to<00:08:39.039> lead
sealing your fate. You are going to lead
to<00:08:39.839> disaster<00:08:40.320> for<00:08:40.479> your<00:08:40.719> company.<00:08:41.039> Just<00:08:41.200> one
to disaster for your company. Just one
last<00:08:41.440> point<00:08:41.599> then<00:08:41.760> I'll<00:08:41.919> turn<00:08:42.080> over<00:08:42.240> JCL<00:08:43.039> is
last point then I'll turn over JCL is
that<00:08:43.519> Daario<00:08:44.399> at<00:08:44.640> the<00:08:44.800> same<00:08:44.959> time<00:08:45.200> that<00:08:45.440> they
that Daario at the same time that they
pursue<00:08:45.920> this<00:08:46.080> business<00:08:46.320> strategy<00:08:46.800> has<00:08:47.040> been
pursue this business strategy has been
arguing<00:08:48.080> that<00:08:48.399> open-<00:08:48.720> source<00:08:49.040> models<00:08:49.360> are
arguing that open- source models are
dangerous<00:08:49.920> and<00:08:50.160> need<00:08:50.320> to<00:08:50.480> be<00:08:50.560> restricted.
dangerous and need to be restricted.
Well,<00:08:51.839> dangerous<00:08:52.399> to<00:08:52.720> whom?<00:08:53.519> Not<00:08:53.680> to
Well, dangerous to whom? Not to
enterprises<00:08:54.399> that<00:08:54.560> want<00:08:54.720> to<00:08:54.880> retain<00:08:55.200> control
enterprises that want to retain control
over<00:08:55.760> their<00:08:56.000> data.
over their data.
>> It's<00:08:57.360> dangerous<00:08:57.760> to<00:08:58.000> his<00:08:58.320> business<00:08:58.640> model
>> It's dangerous to his business model
because<00:08:59.600> his<00:08:59.920> business<00:09:00.240> model<00:09:00.560> requires
because his business model requires
>> that<00:09:02.320> customers<00:09:02.880> don't<00:09:03.200> have<00:09:03.360> a<00:09:03.680> lot<00:09:03.760> of
>> that customers don't have a lot of
choice<00:09:04.240> at<00:09:04.480> the<00:09:04.720> model<00:09:05.120> layer.<00:09:05.279> And<00:09:05.680> what<00:09:05.920> Karp
choice at the model layer. And what Karp
is<00:09:06.399> pointing<00:09:06.640> out<00:09:06.800> here<00:09:07.279> is<00:09:07.519> that<00:09:07.680> if<00:09:07.920> you<00:09:08.000> want
is pointing out here is that if you want
to<00:09:08.240> have<00:09:08.399> true<00:09:08.720> AI<00:09:09.200> safety<00:09:10.399> as<00:09:10.640> an<00:09:10.880> enterprise,
to have true AI safety as an enterprise,
you<00:09:12.080> have<00:09:12.240> to<00:09:12.480> retain<00:09:12.800> the<00:09:13.040> ability<00:09:13.760> to<00:09:14.080> choose
you have to retain the ability to choose
at<00:09:15.040> the<00:09:15.200> model<00:09:15.680> layer<00:09:16.240> who<00:09:16.480> gets<00:09:16.720> to<00:09:16.959> see<00:09:17.360> and
at the model layer who gets to see and
use<00:09:18.320> your<00:09:18.640> alpha.
use your alpha.
>> Yeah,<00:09:20.240> this<00:09:20.399> is<00:09:20.720> well<00:09:21.040> said.<00:09:21.279> I<00:09:21.440> think<00:09:21.519> you<00:09:21.760> you
>> Yeah, this is well said. I think you you
picked<00:09:22.399> that<00:09:22.560> carcass<00:09:22.959> to<00:09:23.120> the<00:09:23.200> bone<00:09:23.440> a<00:09:23.600> bit,
picked that carcass to the bone a bit,
but<00:09:24.000> Chimath,<00:09:24.480> you're<00:09:24.959> actually<00:09:25.839> doing
but Chimath, you're actually doing
specific<00:09:26.640> examples<00:09:27.200> of<00:09:27.360> this<00:09:28.320> uh<00:09:28.480> at<00:09:28.800> 8090.
specific examples of this uh at 8090.
You've<00:09:29.920> been<00:09:30.080> testing<00:09:30.959> uh<00:09:31.120> some<00:09:31.279> of<00:09:31.360> the<00:09:31.440> open
You've been testing uh some of the open
source<00:09:31.920> models.<00:09:32.240> I<00:09:32.399> saw<00:09:32.560> you<00:09:32.800> share<00:09:32.959> that<00:09:33.279> on
source models. I saw you share that on
Twitter<00:09:34.720> X.<00:09:35.200> So<00:09:35.440> maybe<00:09:35.600> you<00:09:35.760> could<00:09:35.920> give<00:09:36.080> us<00:09:36.240> a
Twitter X. So maybe you could give us a
little<00:09:36.560> feedback<00:09:36.959> on<00:09:37.200> what<00:09:37.440> you've<00:09:37.920> learned
little feedback on what you've learned
as<00:09:38.720> uh<00:09:38.880> the<00:09:39.040> CEO<00:09:39.360> of<00:09:39.519> 8090<00:09:40.080> and<00:09:40.720> you<00:09:40.880> know<00:09:41.040> your
as uh the CEO of 8090 and you know your
firsthand<00:09:41.760> experience<00:09:42.160> now<00:09:42.399> with<00:09:42.640> using<00:09:42.959> open
firsthand experience now with using open
source<00:09:43.519> for<00:09:43.680> the<00:09:43.839> first<00:09:44.000> time<00:09:44.080> in<00:09:44.320> the<00:09:44.399> last
source for the first time in the last
couple<00:09:44.800> weeks<00:09:45.360> for<00:09:45.680> this<00:09:45.920> specific<00:09:46.240> use<00:09:46.480> case
couple weeks for this specific use case
in<00:09:46.959> enterprises.<00:09:47.680> When<00:09:47.920> you<00:09:48.080> start<00:09:48.240> a<00:09:48.480> company
in enterprises. When you start a company
I<00:09:48.959> mean<00:09:49.279> you<00:09:49.519> guys<00:09:49.680> all<00:09:49.839> know<00:09:50.000> this
I mean you guys all know this
you're<00:09:51.760> not<00:09:52.000> starting<00:09:52.320> it<00:09:52.640> for<00:09:52.800> the<00:09:53.040> moment
you're not starting it for the moment
that<00:09:53.519> exists<00:09:53.839> today.<00:09:54.160> you're<00:09:54.640> almost<00:09:55.200> sort<00:09:55.440> of
that exists today. you're almost sort of
trying<00:09:55.760> to<00:09:56.000> forecast<00:09:57.360> if<00:09:57.600> such<00:09:57.839> and<00:09:58.000> such<00:09:58.160> a
trying to forecast if such and such a
set<00:09:58.480> of<00:09:58.640> things<00:09:58.959> happen<00:09:59.279> then<00:09:59.600> here<00:09:59.839> is<00:10:00.000> the
set of things happen then here is the
scene<00:10:00.480> that<00:10:00.720> that<00:10:01.040> gets<00:10:01.360> created<00:10:01.839> because<00:10:02.399> it
scene that that gets created because it
takes<00:10:02.880> time<00:10:03.040> to<00:10:03.200> build<00:10:03.440> something<00:10:03.680> and<00:10:03.920> it
takes time to build something and it
takes<00:10:04.320> time<00:10:04.399> to<00:10:04.560> get<00:10:04.720> enough<00:10:04.959> reps<00:10:05.279> to<00:10:05.519> know
takes time to get enough reps to know
what<00:10:05.839> you're<00:10:06.000> doing<00:10:06.080> in<00:10:06.320> your<00:10:06.480> go<00:10:06.640> to<00:10:06.800> market.
what you're doing in your go to market.
This<00:10:08.720> for<00:10:08.959> me<00:10:09.120> was<00:10:09.440> the<00:10:09.680> moment<00:10:10.000> that<00:10:10.320> I
This for me was the moment that I
thought<00:10:10.880> would<00:10:11.120> arrive<00:10:11.839> which<00:10:12.080> is<00:10:12.480> the<00:10:12.800> point
thought would arrive which is the point
where<00:10:13.360> everybody<00:10:13.839> wakes<00:10:14.079> up<00:10:14.240> and<00:10:14.480> realizes
where everybody wakes up and realizes
wait<00:10:15.440> hold<00:10:15.600> on<00:10:15.680> a<00:10:15.920> second<00:10:16.959> two<00:10:17.279> things<00:10:17.440> are
wait hold on a second two things are
true.<00:10:18.399> The<00:10:18.720> first<00:10:18.959> is<00:10:19.279> that<00:10:20.160> my<00:10:20.480> business<00:10:20.800> is
true. The first is that my business is
complicated.<00:10:21.839> I<00:10:22.079> want<00:10:22.240> AI<00:10:22.560> to<00:10:22.720> be<00:10:22.880> able<00:10:23.040> to
complicated. I want AI to be able to
accelerate<00:10:23.600> it,<00:10:23.760> but<00:10:23.920> I<00:10:24.079> want<00:10:24.160> to<00:10:24.240> be<00:10:24.399> able<00:10:24.480> to
accelerate it, but I want to be able to
protect<00:10:24.959> myself<00:10:25.200> in<00:10:25.519> doing<00:10:25.680> so.<00:10:26.160> And<00:10:26.320> then<00:10:26.480> the
protect myself in doing so. And then the
second<00:10:26.880> is<00:10:27.120> I<00:10:27.360> want<00:10:27.600> the<00:10:27.839> flexibility<00:10:28.959> where
second is I want the flexibility where
there's<00:10:29.760> an<00:10:30.079> independent<00:10:30.720> third<00:10:31.040> party
there's an independent third party
control<00:10:31.680> plane<00:10:31.920> that<00:10:32.160> I<00:10:32.320> use<00:10:32.480> to<00:10:32.640> get<00:10:32.800> all
control plane that I use to get all
these<00:10:33.120> benefits<00:10:33.920> so<00:10:34.160> that<00:10:34.320> I<00:10:34.480> don't<00:10:34.720> leak<00:10:34.959> and
these benefits so that I don't leak and
seed<00:10:35.519> my<00:10:35.760> advantages<00:10:36.320> away.<00:10:36.720> And<00:10:36.880> I<00:10:37.120> think
seed my advantages away. And I think
Alex<00:10:38.399> is<00:10:39.200> an<00:10:39.519> incredible,
Alex is an incredible,
smart,<00:10:41.760> brilliant<00:10:42.240> guy<00:10:42.560> and<00:10:42.880> he<00:10:43.519> completely
smart, brilliant guy and he completely
nailed<00:10:44.399> it.<00:10:45.120> And<00:10:45.360> I<00:10:45.680> think<00:10:45.760> he<00:10:46.240> called<00:10:46.480> out<00:10:46.720> on
nailed it. And I think he called out on
its<00:10:47.120> face<00:10:47.519> the<00:10:48.000> huge<00:10:48.320> risk<00:10:48.560> of<00:10:48.720> this.<00:10:48.959> So<00:10:49.200> let
its face the huge risk of this. So let
me<00:10:49.519> just<00:10:50.000> give<00:10:50.160> you<00:10:50.320> this<00:10:50.560> narrative<00:10:50.959> in<00:10:51.200> three
me just give you this narrative in three
tweets.<00:10:52.079> The<00:10:52.320> first<00:10:52.480> one<00:10:53.760> is<00:10:54.399> I<00:10:54.640> read<00:10:54.880> this
tweets. The first one is I read this
really<00:10:55.360> interesting<00:10:55.760> study<00:10:56.000> from<00:10:56.240> BCG<00:10:57.360> and
really interesting study from BCG and
what<00:10:57.839> they<00:10:58.079> looked<00:10:58.240> at<00:10:58.399> was<00:10:58.640> the<00:10:58.959> return<00:10:59.279> on
what they looked at was the return on
capital<00:11:00.240> employed<00:11:00.640> or<00:11:00.959> ROCE<00:11:02.079> of<00:11:02.399> various
capital employed or ROCE of various
businesses.<00:11:04.000> And<00:11:04.399> this<00:11:04.640> is<00:11:04.800> what's
businesses. And this is what's
incredible.<00:11:06.079> The<00:11:06.399> cost<00:11:06.640> of<00:11:06.959> capital<00:11:07.760> has<00:11:08.079> now
incredible. The cost of capital has now
with<00:11:09.279> long-term<00:11:09.839> rates
with long-term rates
moved<00:11:12.000> back<00:11:12.160> to<00:11:12.399> what<00:11:12.560> its<00:11:12.880> long<00:11:13.120> run<00:11:13.440> average
moved back to what its long run average
is<00:11:14.000> which<00:11:14.160> is<00:11:14.320> around<00:11:14.640> 8<00:11:14.880> to<00:11:15.120> 11%.<00:11:16.560> What<00:11:16.800> that
is which is around 8 to 11%. What that
means<00:11:17.200> is<00:11:17.440> like<00:11:17.680> that<00:11:17.920> is<00:11:18.079> the<00:11:18.320> actual<00:11:19.360> cost
means is like that is the actual cost
that<00:11:20.480> you<00:11:20.720> would<00:11:20.959> borrow<00:11:21.279> money<00:11:21.519> at
that you would borrow money at
effectively.<00:11:23.040> The<00:11:23.279> problem<00:11:23.440> is<00:11:23.680> that<00:11:23.920> half<00:11:24.160> of
effectively. The problem is that half of
large<00:11:24.800> US<00:11:25.200> companies<00:11:25.680> now<00:11:26.000> cannot<00:11:26.480> deliver
large US companies now cannot deliver
returns<00:11:27.200> that<00:11:27.440> exceed<00:11:27.839> that.<00:11:28.399> That<00:11:28.640> is<00:11:28.720> a
returns that exceed that. That is a
really<00:11:29.360> big<00:11:29.600> problem.<00:11:30.240> And<00:11:30.399> then<00:11:30.640> second
really big problem. And then second
there's<00:11:31.440> a<00:11:31.600> further<00:11:31.920> problem<00:11:32.240> which<00:11:32.480> is<00:11:32.560> that
there's a further problem which is that
persistently<00:11:34.160> low<00:11:34.399> returns.<00:11:34.880> So<00:11:34.959> in<00:11:35.120> the<00:11:35.360> you
persistently low returns. So in the you
know<00:11:35.600> 1<00:11:35.839> 2<00:11:36.079> 3<00:11:36.240> 4<00:11:36.560> 5%<00:11:37.839> is<00:11:38.160> about<00:11:38.480> one<00:11:38.640> in<00:11:38.880> seven
know 1 2 3 4 5% is about one in seven
companies<00:11:39.600> all<00:11:39.839> around<00:11:40.000> the<00:11:40.240> world.<00:11:40.640> Okay.<00:11:40.959> So
companies all around the world. Okay. So
why<00:11:41.440> is<00:11:41.600> this<00:11:41.839> important<00:11:42.160> to<00:11:42.320> note?<00:11:42.640> It<00:11:42.880> means
why is this important to note? It means
that<00:11:43.279> being<00:11:43.600> in<00:11:43.839> business<00:11:44.160> is<00:11:44.399> complicated.
that being in business is complicated.
It's<00:11:45.360> hard.<00:11:46.000> Not<00:11:46.240> everything<00:11:46.640> works<00:11:46.959> all<00:11:47.120> the
It's hard. Not everything works all the
time.<00:11:47.519> There's<00:11:47.760> a<00:11:47.920> bunch<00:11:48.000> of<00:11:48.160> underperforming
time. There's a bunch of underperforming
businesses.<00:11:49.519> There's<00:11:49.680> a<00:11:49.839> bunch<00:11:50.000> of
businesses. There's a bunch of
underperforming<00:11:51.200> segments.<00:11:52.160> So<00:11:52.399> in<00:11:52.640> that
underperforming segments. So in that
lens,<00:11:53.360> when<00:11:53.600> you,<00:11:54.079> you<00:11:54.240> know,<00:11:54.399> think<00:11:54.560> about
lens, when you, you know, think about
what<00:11:54.959> Sax<00:11:55.440> said,<00:11:55.680> which<00:11:55.920> is<00:11:56.240> you<00:11:56.560> have<00:11:56.800> this
what Sax said, which is you have this
company<00:11:58.399> that<00:11:58.720> comes<00:11:58.880> to<00:11:59.040> you<00:11:59.120> and<00:11:59.279> says,<00:11:59.600> I
company that comes to you and says, I
have<00:11:59.839> a<00:12:00.160> magic<00:12:00.720> box<00:12:02.079> and<00:12:02.399> all<00:12:02.640> you<00:12:02.800> have<00:12:02.959> to<00:12:03.120> do
have a magic box and all you have to do
is<00:12:03.519> tell<00:12:03.680> me<00:12:04.000> everything<00:12:04.399> you're<00:12:04.640> doing,<00:12:04.880> and
is tell me everything you're doing, and
this<00:12:05.360> magic<00:12:05.760> box<00:12:06.079> will<00:12:06.399> make<00:12:06.560> everything
this magic box will make everything
better.<00:12:07.760> But<00:12:07.920> then<00:12:08.079> all<00:12:08.240> of<00:12:08.399> a<00:12:08.480> sudden,<00:12:08.959> from
better. But then all of a sudden, from
the<00:12:09.360> shadows,<00:12:09.760> the<00:12:10.000> magic<00:12:10.320> box<00:12:10.560> says,<00:12:10.800> you
the shadows, the magic box says, you
know what,<00:12:11.279> I've<00:12:11.440> decided<00:12:11.760> to<00:12:11.920> compete<00:12:12.160> with
know what, I've decided to compete with
you.<00:12:12.880> That<00:12:13.040> is<00:12:13.200> a<00:12:13.440> huge<00:12:13.760> risk.<00:12:14.720> And<00:12:15.120> now<00:12:15.279> that
you. That is a huge risk. And now that
you've<00:12:15.680> seen<00:12:15.920> enough<00:12:16.240> examples<00:12:16.560> of<00:12:16.639> it,<00:12:16.880> I
you've seen enough examples of it, I
think<00:12:17.120> you<00:12:17.360> have<00:12:17.440> to<00:12:17.600> figure<00:12:17.760> out<00:12:17.920> a<00:12:18.160> different
think you have to figure out a different
way<00:12:18.560> to<00:12:18.720> do<00:12:18.800> it.<00:12:19.040> So<00:12:19.279> then<00:12:19.440> you<00:12:19.519> go<00:12:19.600> to<00:12:19.760> the<00:12:19.920> next
way to do it. So then you go to the next
tweet<00:12:20.480> that<00:12:20.639> I<00:12:20.800> saw,<00:12:20.959> which<00:12:21.200> I<00:12:21.360> thought<00:12:21.519> was
tweet that I saw, which I thought was
interesting.<00:12:22.399> And<00:12:22.560> this<00:12:22.720> is<00:12:22.800> a<00:12:23.040> woman<00:12:23.200> who's
interesting. And this is a woman who's
an<00:12:23.519> ex<00:12:23.760> meta<00:12:24.160> PM.<00:12:25.519> And<00:12:26.160> what<00:12:26.399> she<00:12:26.720> essentially
an ex meta PM. And what she essentially
says<00:12:27.440> is<00:12:27.600> like,<00:12:27.839> hey,<00:12:28.079> hold<00:12:28.240> on<00:12:28.399> a<00:12:28.560> second.
says is like, hey, hold on a second.
There<00:12:29.360> is<00:12:29.519> this<00:12:30.000> assumption<00:12:30.560> that<00:12:30.880> you<00:12:31.120> can't
There is this assumption that you can't
use<00:12:31.519> an<00:12:31.760> open-<00:12:32.079> source<00:12:32.399> model<00:12:32.720> because<00:12:32.959> it's
use an open- source model because it's
all<00:12:33.519> Chinese.
all Chinese.
And<00:12:35.760> what<00:12:36.000> she<00:12:36.240> says<00:12:36.399> was,<00:12:36.720> well,<00:12:36.959> even<00:12:37.120> if
And what she says was, well, even if
it's<00:12:37.519> 100x<00:12:38.079> cheaper,<00:12:38.880> and<00:12:39.040> their<00:12:39.279> response
it's 100x cheaper, and their response
is,<00:12:40.160> no,<00:12:40.320> because<00:12:40.560> we<00:12:40.720> care<00:12:40.880> about<00:12:41.120> safety<00:12:41.360> and
is, no, because we care about safety and
security.<00:12:42.000> And<00:12:42.160> her<00:12:42.320> perspective<00:12:42.639> is,<00:12:42.959> don't
security. And her perspective is, don't
you<00:12:43.360> understand<00:12:43.600> that<00:12:43.839> you<00:12:44.079> can<00:12:44.240> actually
you understand that you can actually
host<00:12:45.360> open-<00:12:45.600> source<00:12:45.920> models<00:12:46.320> with<00:12:46.560> your<00:12:46.720> own
host open- source models with your own
GPUs<00:12:47.519> in<00:12:47.760> US<00:12:48.079> data<00:12:48.399> centers<00:12:49.040> that<00:12:49.360> doesn't
GPUs in US data centers that doesn't
share<00:12:49.839> any<00:12:50.160> data<00:12:50.399> back<00:12:50.560> to<00:12:50.800> anybody?<00:12:52.079> And
share any data back to anybody? And
instead,<00:12:52.720> what<00:12:52.959> you're<00:12:53.200> accidentally<00:12:53.760> or
instead, what you're accidentally or
purposefully<00:12:54.480> doing<00:12:54.720> is<00:12:54.959> giving<00:12:55.200> away<00:12:55.440> all
purposefully doing is giving away all
your<00:12:55.839> data<00:12:56.560> to<00:12:56.880> a<00:12:57.120> couple<00:12:57.279> of<00:12:57.440> frontier<00:12:57.920> labs
your data to a couple of frontier labs
rather<00:12:58.720> than<00:12:58.880> owning<00:12:59.200> it<00:12:59.440> privately
rather than owning it privately
yourself.
And<00:13:01.839> 100x,<00:13:02.320> it<00:13:02.560> turns<00:13:02.720> out,<00:13:03.120> is<00:13:03.600> a<00:13:03.839> really<00:13:04.079> big
And 100x, it turns out, is a really big
number<00:13:04.480> to<00:13:04.720> pay<00:13:06.000> to<00:13:06.399> do<00:13:06.639> all<00:13:06.800> of<00:13:06.959> that<00:13:07.440> by
number to pay to do all of that by
accident.
And<00:13:09.760> that's<00:13:09.920> what<00:13:10.079> Alex<00:13:10.399> Karp<00:13:10.639> is<00:13:10.800> saying.
And that's what Alex Karp is saying.
He's<00:13:11.200> like,<00:13:11.440> why<00:13:11.680> would<00:13:11.839> anybody<00:13:12.240> do<00:13:12.399> this
He's like, why would anybody do this
when<00:13:12.720> there<00:13:12.880> are<00:13:13.040> alternatives?<00:13:14.160> And<00:13:14.399> so<00:13:14.720> the
when there are alternatives? And so the
third<00:13:16.240> post<00:13:16.639> that<00:13:16.880> I'll<00:13:17.120> talk<00:13:17.200> about<00:13:17.360> is
third post that I'll talk about is
something<00:13:17.760> that<00:13:18.000> we<00:13:18.160> did.<00:13:18.480> So<00:13:18.639> we<00:13:18.800> took<00:13:19.040> our
something that we did. So we took our
software<00:13:19.760> factory<00:13:20.240> which<00:13:20.399> is<00:13:20.720> an<00:13:21.040> agnostic
software factory which is an agnostic
third<00:13:22.000> party<00:13:22.399> control<00:13:22.720> plane<00:13:23.920> and<00:13:24.160> we<00:13:24.399> just
third party control plane and we just
wanted<00:13:24.800> to<00:13:24.959> see<00:13:25.120> and<00:13:25.360> we<00:13:25.519> ran<00:13:25.760> it<00:13:25.920> on<00:13:26.079> a<00:13:26.320> very
wanted to see and we ran it on a very
typical<00:13:28.160> enterprise<00:13:28.800> task<00:13:29.600> which<00:13:29.839> is<00:13:29.920> you
typical enterprise task which is you
have<00:13:30.240> an<00:13:30.480> old<00:13:30.639> piece<00:13:30.880> of<00:13:31.040> code<00:13:31.760> you<00:13:31.920> want<00:13:32.079> to
have an old piece of code you want to
migrate<00:13:32.720> it<00:13:33.120> and<00:13:33.360> you<00:13:33.519> want<00:13:33.680> to<00:13:33.839> maintain<00:13:34.160> it
migrate it and you want to maintain it
in<00:13:34.720> a<00:13:34.959> new<00:13:35.519> framework<00:13:36.000> so<00:13:36.240> that<00:13:36.399> it's<00:13:36.639> easier
in a new framework so that it's easier
and<00:13:37.200> more<00:13:37.440> flexible.<00:13:38.160> pretty
and more flexible. pretty
straightforward<00:13:39.200> task.<00:13:40.560> And<00:13:40.800> so<00:13:40.959> we<00:13:41.200> ran<00:13:41.440> it
straightforward task. And so we ran it
and<00:13:41.839> we<00:13:42.000> ran<00:13:42.160> an<00:13:42.399> experiment<00:13:43.120> where<00:13:43.360> we<00:13:43.600> did
and we ran an experiment where we did
Claude<00:13:45.040> by<00:13:45.200> itself,<00:13:46.320> then<00:13:46.560> we<00:13:46.720> did<00:13:46.959> us<00:13:47.200> plus
Claude by itself, then we did us plus
Claude,<00:13:48.480> and<00:13:48.639> then<00:13:48.800> we<00:13:48.959> ran<00:13:49.200> it<00:13:49.360> on<00:13:49.600> the<00:13:49.839> best
Claude, and then we ran it on the best
frontier<00:13:51.279> open-source<00:13:51.920> model<00:13:52.480> and<00:13:52.639> then<00:13:52.880> us
frontier open-source model and then us
plus<00:13:53.360> that<00:13:53.600> model.<00:13:54.240> And<00:13:54.399> the<00:13:54.639> data<00:13:54.880> is<00:13:55.120> crazy.
plus that model. And the data is crazy.
So<00:13:56.079> when<00:13:56.240> you<00:13:56.480> use<00:13:56.800> our<00:13:57.279> harness<00:13:58.639> with<00:13:59.040> Claude,
So when you use our harness with Claude,
it<00:14:00.399> was<00:14:00.639> simultaneously<00:14:01.600> 1.4x<00:14:02.079> 4x<00:14:02.480> cheaper
it was simultaneously 1.4x 4x cheaper
and<00:14:03.120> 1.5x<00:14:04.399> faster<00:14:05.120> than<00:14:05.440> just<00:14:05.760> using
and 1.5x faster than just using
anthropic<00:14:06.800> opus<00:14:07.120> 48<00:14:07.519> alone.<00:14:08.560> But<00:14:08.720> if<00:14:08.880> you<00:14:09.040> wrap
anthropic opus 48 alone. But if you wrap
the<00:14:09.519> open<00:14:09.760> source<00:14:10.000> model<00:14:10.320> with<00:14:10.560> our<00:14:10.800> software
the open source model with our software
factory,<00:14:11.920> it<00:14:12.160> was<00:14:12.639> 16.4x<00:14:14.079> cheaper.<00:14:15.040> Now<00:14:15.279> it
factory, it was 16.4x cheaper. Now it
was<00:14:16.079> three<00:14:16.320> times<00:14:16.720> slower.<00:14:18.079> But<00:14:18.560> you<00:14:18.720> know,
was three times slower. But you know,
you're<00:14:19.040> talking<00:14:19.279> about<00:14:19.440> a<00:14:19.680> couple<00:14:19.839> of<00:14:20.000> extra
you're talking about a couple of extra
hours<00:14:20.639> to<00:14:20.800> save<00:14:21.199> 16.4x
hours to save 16.4x
>> on<00:14:23.199> that<00:14:23.279> one.<00:14:23.519> The<00:14:23.680> slowness<00:14:24.160> Chimath,<00:14:24.639> is
>> on that one. The slowness Chimath, is
that<00:14:25.040> slowness<00:14:25.600> because<00:14:25.839> of<00:14:26.000> the<00:14:26.240> hardware
that slowness because of the hardware
being<00:14:27.360> served<00:14:27.760> up<00:14:27.920> by<00:14:28.399> Claude<00:14:28.800> or<00:14:28.959> is<00:14:29.040> it
being served up by Claude or is it
>> This<00:14:29.519> is<00:14:29.680> all<00:14:29.760> using<00:14:30.000> open<00:14:30.240> router.<00:14:30.639> know<00:14:30.800> this
>> This is all using open router. know this
was<00:14:31.040> all<00:14:31.199> using<00:14:31.440> open<00:14:31.760> rudder<00:14:32.079> on<00:14:32.240> a<00:14:32.480> very
was all using open rudder on a very
traditional<00:14:33.120> hardware<00:14:33.519> stack.<00:14:33.920> So
traditional hardware stack. So
>> look<00:14:35.120> I<00:14:35.360> think<00:14:35.440> the<00:14:35.680> reality<00:14:35.920> is<00:14:36.240> could<00:14:36.399> that
>> look I think the reality is could that
be<00:14:36.720> optimized<00:14:37.199> even<00:14:37.440> further?<00:14:37.839> Absolutely.
be optimized even further? Absolutely.
But<00:14:38.639> my<00:14:38.800> my<00:14:39.040> point<00:14:39.199> is<00:14:39.440> if<00:14:39.600> you<00:14:39.680> take<00:14:39.839> Sax's
But my my point is if you take Sax's
points<00:14:40.560> and<00:14:40.720> then<00:14:40.880> if<00:14:41.040> you<00:14:41.120> take<00:14:41.279> Alex<00:14:41.680> Karp's
points and then if you take Alex Karp's
point<00:14:42.320> and<00:14:42.639> just<00:14:42.959> this<00:14:43.360> actual<00:14:43.839> data<00:14:44.720> there<00:14:44.880> is
point and just this actual data there is
a<00:14:45.199> very<00:14:45.440> legitimate<00:14:46.079> question<00:14:46.399> which<00:14:46.639> is<00:14:46.800> if
a very legitimate question which is if
you<00:14:47.199> are<00:14:47.360> a<00:14:47.680> reasonable<00:14:48.399> company
you are a reasonable company
why<00:14:50.800> are<00:14:50.959> you<00:14:51.199> not<00:14:51.440> finding<00:14:51.839> an<00:14:52.160> independent
why are you not finding an independent
way<00:14:52.959> to<00:14:53.199> access<00:14:53.519> this<00:14:53.760> intelligence<00:14:54.240> in<00:14:54.480> a<00:14:54.560> way
way to access this intelligence in a way
that<00:14:54.880> doesn't<00:14:55.199> leak<00:14:55.440> your<00:14:55.600> edge<00:14:55.920> away<00:14:56.320> to<00:14:56.560> do
that doesn't leak your edge away to do
so<00:14:57.199> at<00:14:57.440> this<00:14:57.680> point<00:14:58.000> now<00:14:59.120> is<00:14:59.440> kind<00:14:59.680> of<00:14:59.839> becoming
so at this point now is kind of becoming
derelict<00:15:01.279> and<00:15:01.600> irresponsible.<00:15:02.639> Back<00:15:02.959> then
derelict and irresponsible. Back then
you<00:15:04.000> could<00:15:04.160> be<00:15:04.320> experimenting<00:15:04.880> because<00:15:05.120> you
you could be experimenting because you
didn't<00:15:05.440> know<00:15:05.600> any<00:15:05.839> better.<00:15:06.160> But<00:15:06.320> now<00:15:06.560> when<00:15:06.800> you
didn't know any better. But now when you
know<00:15:07.120> all<00:15:07.279> of<00:15:07.360> these<00:15:07.600> data<00:15:07.920> points<00:15:08.480> to
know all of these data points to
continue<00:15:09.040> to<00:15:09.279> make<00:15:09.440> the<00:15:09.680> same<00:15:09.839> decision<00:15:10.240> I
continue to make the same decision I
think<00:15:10.560> is<00:15:10.880> really<00:15:11.120> insanely<00:15:11.600> dumb.<00:15:12.160> All<00:15:12.160> right
think is really insanely dumb. All right
Dave<00:15:12.880> Friedberg<00:15:13.519> you<00:15:13.680> are<00:15:13.839> also<00:15:14.160> a<00:15:14.480> CEO<00:15:15.040> of<00:15:15.279> the
Dave Friedberg you are also a CEO of the
surging<00:15:16.240> oh<00:15:17.519> and<00:15:18.079> you<00:15:18.399> have<00:15:18.560> a<00:15:18.800> lot<00:15:18.880> of
surging oh and you have a lot of
proprietary<00:15:19.680> data.<00:15:20.240> Let<00:15:20.480> me<00:15:20.560> ask<00:15:20.800> you<00:15:20.959> point
proprietary data. Let me ask you point
blank.<00:15:21.600> Do<00:15:21.760> you<00:15:22.000> trust<00:15:22.320> your<00:15:22.560> data<00:15:23.440> to<00:15:23.920> the
blank. Do you trust your data to the
frontier<00:15:24.639> model<00:15:24.959> companies<00:15:25.760> or<00:15:26.320> are<00:15:26.639> you
frontier model companies or are you
doing<00:15:27.199> what<00:15:28.079> there<00:15:28.320> seems<00:15:28.560> to<00:15:28.639> be<00:15:28.800> consensus
doing what there seems to be consensus
here<00:15:29.839> protecting<00:15:30.320> your<00:15:30.560> data<00:15:31.120> protecting<00:15:31.600> the
here protecting your data protecting the
crown<00:15:32.240> jewels<00:15:32.639> so<00:15:32.880> to<00:15:33.040> speak<00:15:33.760> and<00:15:34.240> using<00:15:34.639> open
crown jewels so to speak and using open
source<00:15:35.360> are<00:15:35.600> you<00:15:35.760> experimenting<00:15:36.320> with<00:15:36.560> it<00:15:37.120> and
source are you experimenting with it and
just<00:15:37.600> yes<00:15:37.920> or<00:15:38.160> no<00:15:38.480> do<00:15:38.639> you<00:15:38.800> trust<00:15:39.040> the<00:15:39.199> frontier
just yes or no do you trust the frontier
models<00:15:39.920> with<00:15:40.160> Ohio's<00:15:40.800> data<00:15:41.519> so<00:15:41.680> I'll<00:15:41.920> tell<00:15:42.000> you
models with Ohio's data so I'll tell you
there's<00:15:42.480> been<00:15:42.720> an<00:15:42.959> effort<00:15:43.360> by<00:15:43.600> anthropic<00:15:44.079> to
there's been an effort by anthropic to
go<00:15:44.480> around<00:15:45.120> and<00:15:45.440> sign<00:15:45.760> up<00:15:46.079> life<00:15:46.399> sciences
go around and sign up life sciences
companies<00:15:48.160> to<00:15:48.800> contributing<00:15:49.440> to<00:15:49.600> a<00:15:49.839> new<00:15:50.399> life
companies to contributing to a new life
sciences
focused<00:15:52.160> model<00:15:53.360> that<00:15:53.600> effort<00:15:54.160> has<00:15:54.399> been
focused model that effort has been
they're<00:15:55.199> approaching<00:15:55.600> these<00:15:55.839> large
they're approaching these large
companies<00:15:56.560> with<00:15:56.800> large<00:15:57.199> proprietary<00:15:57.839> data
companies with large proprietary data
sets<00:15:58.320> and<00:15:58.560> saying<00:15:58.800> hey<00:15:58.959> if<00:15:59.120> you<00:15:59.199> share<00:15:59.440> your
sets and saying hey if you share your
data<00:16:00.399> we<00:16:00.639> will<00:16:00.800> give<00:16:00.880> you<00:16:01.040> early<00:16:01.360> access<00:16:01.839> some
data we will give you early access some
sort<00:16:02.160> of<00:16:02.320> proprietary<00:16:02.880> value<00:16:03.279> sign<00:16:03.519> this<00:16:03.680> NDA
sort of proprietary value sign this NDA
and<00:16:04.880> you<00:16:05.040> can<00:16:05.120> participate<00:16:05.600> with<00:16:05.839> us<00:16:06.079> and<00:16:06.240> I
and you can participate with us and I
think<00:16:06.880> nearly<00:16:07.199> everyone<00:16:07.600> I've<00:16:07.839> spoken<00:16:08.079> with
think nearly everyone I've spoken with
has<00:16:08.639> woken<00:16:08.959> up<00:16:09.120> to<00:16:09.279> the<00:16:09.440> fact<00:16:10.320> that<00:16:10.800> they<00:16:11.040> are
has woken up to the fact that they are
basically<00:16:11.759> trying<00:16:12.000> to<00:16:12.240> commoditize
basically trying to commoditize
everyone's<00:16:13.440> business<00:16:13.759> because
everyone's business because
fundamentally<00:16:15.120> if<00:16:15.440> all<00:16:15.600> of<00:16:15.759> the<00:16:16.000> tens<00:16:16.320> of
fundamentally if all of the tens of
billions<00:16:16.880> of<00:16:17.040> dollars<00:16:17.279> you<00:16:17.519> as<00:16:17.680> a<00:16:17.839> life
billions of dollars you as a life
sciences<00:16:18.480> company<00:16:19.600> have<00:16:20.079> invested
sciences company have invested
in<00:16:21.839> experiments<00:16:22.399> and<00:16:22.720> product<00:16:22.959> development
in experiments and product development
and<00:16:23.680> you've<00:16:23.920> generated<00:16:24.320> all<00:16:24.480> of<00:16:24.639> this
and you've generated all of this
proprietary<00:16:25.600> data<00:16:26.079> along<00:16:26.399> the<00:16:26.560> way.<00:16:27.519> That
proprietary data along the way. That
data<00:16:28.079> is<00:16:28.320> a<00:16:28.560> true<00:16:28.800> asset<00:16:29.199> of<00:16:29.440> your
data is a true asset of your
organization.<00:16:30.240> It's<00:16:30.399> an<00:16:30.560> asset<00:16:30.800> that<00:16:30.959> you've
organization. It's an asset that you've
spent<00:16:31.440> billions<00:16:31.759> of<00:16:31.920> dollars<00:16:32.800> developing.
spent billions of dollars developing.
And<00:16:34.160> by<00:16:34.399> handing<00:16:34.639> it<00:16:34.800> over<00:16:35.040> to<00:16:35.279> a<00:16:35.519> model
And by handing it over to a model
company<00:16:36.240> to<00:16:36.560> then<00:16:37.040> combine<00:16:37.440> with<00:16:37.680> other
company to then combine with other
people's<00:16:38.240> data,<00:16:39.040> you<00:16:39.279> are<00:16:39.519> effectively
people's data, you are effectively
commoditizing<00:16:40.880> the<00:16:41.199> asset<00:16:41.440> that<00:16:41.680> you<00:16:41.759> have,
commoditizing the asset that you have,
the<00:16:42.240> one<00:16:42.399> kind<00:16:42.639> of<00:16:42.880> core<00:16:43.279> differentiation
the one kind of core differentiation
that<00:16:44.160> you<00:16:44.320> have.<00:16:44.880> And<00:16:45.040> so<00:16:45.199> everyone<00:16:45.519> is
that you have. And so everyone is
largely<00:16:46.240> saying<00:16:46.480> no.<00:16:47.440> The<00:16:47.680> way<00:16:47.920> I<00:16:48.160> see<00:16:48.320> this
largely saying no. The way I see this
evolving<00:16:48.959> is<00:16:49.279> very<00:16:49.440> much<00:16:49.600> in<00:16:49.839> line<00:16:50.079> with<00:16:50.240> what
evolving is very much in line with what
Alex<00:16:51.040> Karp<00:16:52.000> suggested<00:16:52.639> on<00:16:52.880> CNBC.<00:16:54.079> If<00:16:54.320> you<00:16:54.399> go
Alex Karp suggested on CNBC. If you go
back<00:16:54.800> a<00:16:55.040> couple<00:16:55.120> of<00:16:55.279> years,<00:16:55.600> I<00:16:55.759> think<00:16:55.839> we<00:16:56.079> all
back a couple of years, I think we all
assumed<00:16:56.720> there<00:16:56.959> was<00:16:57.120> going<00:16:57.279> to<00:16:57.440> be<00:16:57.600> this<00:16:57.920> large
assumed there was going to be this large
hub,<00:16:59.120> large<00:16:59.519> spoke<00:17:00.000> model<00:17:00.399> for<00:17:00.639> AI<00:17:01.040> model
hub, large spoke model for AI model
development<00:17:01.759> and<00:17:02.079> deployment.<00:17:02.720> Meaning
development and deployment. Meaning
there<00:17:03.600> would<00:17:03.759> be<00:17:03.839> these<00:17:04.160> very<00:17:04.400> large
there would be these very large
clusters.<00:17:06.160> These<00:17:06.480> large<00:17:06.720> clusters<00:17:07.199> would<00:17:07.439> be
clusters. These large clusters would be
ultimately<00:17:08.880> capital<00:17:09.280> advantaged.<00:17:09.919> So<00:17:10.160> those
ultimately capital advantaged. So those
who<00:17:10.559> had<00:17:10.720> the<00:17:10.880> most<00:17:11.039> capital,<00:17:11.439> which<00:17:11.600> is<00:17:11.679> why
who had the most capital, which is why
everyone's<00:17:12.240> raised<00:17:12.880> tens<00:17:13.199> and<00:17:13.439> hundreds<00:17:13.679> of
everyone's raised tens and hundreds of
billions<00:17:14.160> of<00:17:14.319> dollars,<00:17:15.120> would<00:17:15.360> be<00:17:15.520> able<00:17:15.679> to
billions of dollars, would be able to
train<00:17:16.240> models.<00:17:16.799> And<00:17:16.959> then<00:17:17.120> there<00:17:17.280> would<00:17:17.439> be
train models. And then there would be
these<00:17:17.760> large<00:17:18.000> spokes,<00:17:18.480> these<00:17:18.799> large<00:17:19.120> clusters
these large spokes, these large clusters
for<00:17:19.919> deploying<00:17:20.640> those<00:17:20.959> models<00:17:21.600> with
for deploying those models with
inference.<00:17:22.240> So<00:17:22.400> everyone's<00:17:22.720> using<00:17:22.880> the
inference. So everyone's using the
NeoClouds<00:17:23.679> and<00:17:23.760> the<00:17:23.839> hyperscalers<00:17:24.559> and
NeoClouds and the hyperscalers and
whatnot<00:17:25.439> to<00:17:25.679> run<00:17:25.919> models.<00:17:26.240> And<00:17:26.400> then<00:17:26.559> maybe
whatnot to run models. And then maybe
they've<00:17:26.959> got<00:17:27.120> their<00:17:27.360> own<00:17:27.520> proprietary<00:17:28.079> data
they've got their own proprietary data
layer<00:17:28.559> that<00:17:28.720> sits<00:17:28.960> in<00:17:29.120> front<00:17:29.200> of<00:17:29.360> that.<00:17:29.919> But<00:17:30.080> I
layer that sits in front of that. But I
think<00:17:30.320> what<00:17:30.559> everyone's<00:17:31.039> realizing<00:17:31.440> is
think what everyone's realizing is
they're<00:17:32.000> better<00:17:32.240> off<00:17:33.280> developing<00:17:34.240> their<00:17:34.559> own
they're better off developing their own
weights<00:17:35.760> and<00:17:35.919> their<00:17:36.160> own<00:17:36.480> models<00:17:37.280> using
weights and their own models using
either<00:17:37.919> an<00:17:38.160> open-source<00:17:38.799> basis<00:17:39.440> or<00:17:40.080> there
either an open-source basis or there
might<00:17:40.480> be<00:17:40.640> some<00:17:40.880> intermediary<00:17:41.840> business
might be some intermediary business
model<00:17:42.400> that<00:17:42.640> evolves.<00:17:43.120> Meaning<00:17:43.760> there<00:17:43.919> will
model that evolves. Meaning there will
end<00:17:44.320> up<00:17:44.480> being<00:17:45.200> several<00:17:45.679> large<00:17:45.919> hubs<00:17:46.320> that<00:17:46.559> do
end up being several large hubs that do
all<00:17:46.960> of<00:17:47.039> the<00:17:47.280> core<00:17:47.600> foundational<00:17:48.080> model
all of the core foundational model
development.<00:17:49.600> Then<00:17:50.080> smaller<00:17:50.480> hubs<00:17:51.039> meaning
development. Then smaller hubs meaning
like<00:17:51.600> clusters<00:17:52.160> for<00:17:52.480> training<00:17:53.600> that
like clusters for training that
enterprises<00:17:54.640> will<00:17:54.880> use<00:17:55.600> to<00:17:55.919> train<00:17:56.240> and
enterprises will use to train and
develop<00:17:56.960> their<00:17:57.280> own<00:17:57.600> proprietary<00:17:58.400> advantaged
develop their own proprietary advantaged
models<00:18:00.000> using<00:18:00.400> their<00:18:00.640> own<00:18:00.960> data<00:18:01.919> and<00:18:02.080> then
models using their own data and then
there<00:18:02.480> will<00:18:02.640> be<00:18:02.799> these<00:18:03.200> much<00:18:03.440> more
there will be these much more
distributed<00:18:04.240> spokes<00:18:04.720> because<00:18:05.039> I<00:18:05.360> think
distributed spokes because I think
everyone's<00:18:05.919> also<00:18:06.160> realizing<00:18:06.960> the<00:18:07.280> value<00:18:07.600> of
everyone's also realizing the value of
onrem<00:18:08.720> by<00:18:09.039> putting<00:18:09.360> a<00:18:09.600> set<00:18:09.760> of<00:18:10.160> servers<00:18:10.559> and
onrem by putting a set of servers and
building<00:18:11.039> a<00:18:11.280> cluster<00:18:11.919> in<00:18:12.160> your<00:18:12.400> own<00:18:12.559> data
building a cluster in your own data
center<00:18:13.120> or<00:18:13.360> even<00:18:13.520> in<00:18:13.679> your<00:18:13.840> own<00:18:14.000> enterprise
center or even in your own enterprise
you<00:18:14.799> know<00:18:14.960> IT<00:18:15.360> closet<00:18:16.400> you<00:18:16.640> can<00:18:16.799> run<00:18:17.120> a<00:18:17.360> lot<00:18:17.520> of
you know IT closet you can run a lot of
the<00:18:17.840> workflows<00:18:18.400> that<00:18:18.640> you're<00:18:18.880> using<00:18:19.120> AI<00:18:19.520> for
the workflows that you're using AI for
for<00:18:20.000> your<00:18:20.160> enterprise<00:18:20.720> locally.<00:18:21.840> And<00:18:22.000> so<00:18:22.160> I
for your enterprise locally. And so I
think<00:18:22.480> the<00:18:22.720> model<00:18:23.039> is<00:18:23.200> shifting<00:18:23.600> where<00:18:23.840> we're
think the model is shifting where we're
going<00:18:24.160> from<00:18:24.400> large<00:18:24.720> hubs,<00:18:25.039> large<00:18:25.280> spokes<00:18:26.080> to
going from large hubs, large spokes to
large<00:18:26.720> hubs,<00:18:27.679> medium<00:18:28.080> hubs,<00:18:28.720> and<00:18:28.960> then<00:18:29.120> a
large hubs, medium hubs, and then a
distributed<00:18:30.000> spoke<00:18:30.400> model<00:18:30.559> where<00:18:30.799> there<00:18:30.960> will
distributed spoke model where there will
still<00:18:31.360> be,<00:18:32.080> you<00:18:32.240> know,<00:18:32.400> NeoClouds<00:18:33.120> and
still be, you know, NeoClouds and
hyperscalers<00:18:33.919> that<00:18:34.000> are<00:18:34.160> being<00:18:34.240> used<00:18:34.400> for
hyperscalers that are being used for
inference,<00:18:35.200> but<00:18:35.440> people<00:18:35.679> will<00:18:36.000> also<00:18:36.240> have
inference, but people will also have
their<00:18:36.640> own<00:18:36.880> inference<00:18:38.240> instances<00:18:38.799> that
their own inference instances that
they're<00:18:39.200> going<00:18:39.280> to<00:18:39.440> run<00:18:39.520> for<00:18:39.760> their<00:18:39.919> own
they're going to run for their own
enterprise<00:18:40.400> setting.<00:18:41.039> And<00:18:41.280> everyone<00:18:41.679> I<00:18:41.840> think
enterprise setting. And everyone I think
is<00:18:42.160> walking<00:18:42.480> this<00:18:42.640> path<00:18:42.880> and<00:18:43.039> they're<00:18:43.200> going
is walking this path and they're going
to<00:18:43.360> walk<00:18:43.520> this<00:18:43.760> path<00:18:43.919> over<00:18:44.160> the<00:18:44.320> next<00:18:44.480> couple
to walk this path over the next couple
of<00:18:44.799> months<00:18:45.440> because<00:18:45.679> they're<00:18:46.000> realizing
of months because they're realizing
quite<00:18:46.720> quickly<00:18:47.039> that<00:18:47.360> in<00:18:47.600> order<00:18:47.760> to<00:18:48.000> compete
quite quickly that in order to compete
in<00:18:48.880> a<00:18:49.120> world<00:18:49.280> of<00:18:49.520> commoditizing<00:18:50.240> knowledge
in a world of commoditizing knowledge
and<00:18:50.799> commoditizing
and commoditizing
capabilities,<00:18:53.840> you<00:18:54.080> have<00:18:54.240> to<00:18:54.559> leverage<00:18:54.960> the
capabilities, you have to leverage the
core<00:18:55.760> differentiating<00:18:56.400> assets<00:18:56.799> that<00:18:57.039> you
core differentiating assets that you
have,<00:18:57.520> which<00:18:57.760> means<00:18:57.919> you<00:18:58.160> have<00:18:58.240> to<00:18:58.400> build<00:18:58.559> your
have, which means you have to build your
own<00:18:58.880> models<00:18:59.360> and<00:18:59.520> you<00:18:59.760> will<00:18:59.919> likely<00:19:00.160> end<00:19:00.320> up
own models and you will likely end up
having<00:19:00.559> to<00:19:00.720> run<00:19:00.880> your<00:19:01.039> own<00:19:01.120> inference<00:19:01.520> with
having to run your own inference with
your<00:19:01.760> own<00:19:01.919> proprietary<00:19:02.400> models.
your own proprietary models.
>> Yeah.<00:19:03.440> And<00:19:03.679> to<00:19:03.840> just<00:19:04.000> give<00:19:04.160> a<00:19:04.480> a<00:19:04.720> little<00:19:04.880> bit<00:19:05.039> of
>> Yeah. And to just give a a little bit of
texture<00:19:06.400> to<00:19:06.640> how<00:19:06.799> that's<00:19:07.120> going<00:19:07.200> to<00:19:07.280> look,<00:19:08.000> if
texture to how that's going to look, if
you<00:19:08.480> follow<00:19:08.720> the<00:19:09.039> Microsoft<00:19:09.600> example,<00:19:10.000> which
you follow the Microsoft example, which
we've<00:19:10.400> talked<00:19:10.640> about<00:19:10.799> here<00:19:11.039> before,<00:19:11.760> Lotus
we've talked about here before, Lotus
123,<00:19:12.960> Word<00:19:13.200> Perfect<00:19:13.600> were<00:19:13.840> their<00:19:14.000> partners.
123, Word Perfect were their partners.
They<00:19:14.640> were<00:19:14.880> replaced<00:19:15.760> with<00:19:16.080> Excel.<00:19:16.640> They<00:19:16.799> were
They were replaced with Excel. They were
replaced<00:19:17.520> obviously<00:19:17.919> with<00:19:18.320> Microsoft<00:19:18.799> Word.
replaced obviously with Microsoft Word.
You<00:19:19.360> don't<00:19:19.600> even<00:19:19.919> know<00:19:20.160> those<00:19:20.400> other<00:19:20.640> two.
You don't even know those other two.
Word<00:19:21.200> Perfect,<00:19:21.600> Wordar,<00:19:22.559> Lotus<00:19:23.120> 123,
Word Perfect, Wordar, Lotus 123,
Vizzyalc.<00:19:24.559> That's<00:19:24.799> exactly<00:19:25.039> what<00:19:25.120> they<00:19:25.280> have
Vizzyalc. That's exactly what they have
to<00:19:25.440> do.<00:19:25.600> And<00:19:25.679> they<00:19:25.840> have<00:19:26.000> no<00:19:26.160> choice<00:19:26.320> but<00:19:26.559> to<00:19:26.799> do
to do. And they have no choice but to do
that<00:19:27.120> now<00:19:27.760> because<00:19:28.320> they<00:19:28.799> have<00:19:29.039> a<00:19:29.280> trillion
that now because they have a trillion
dollar<00:19:29.919> market<00:19:30.240> cap.<00:19:30.559> They<00:19:30.720> must<00:19:30.960> win<00:19:31.120> the
dollar market cap. They must win the
application<00:19:32.000> layer.<00:19:32.720> And<00:19:33.440> Sam<00:19:33.679> Alman<00:19:34.240> went<00:19:34.480> to
application layer. And Sam Alman went to
Y<00:19:34.880> Combinator<00:19:35.600> and<00:19:35.760> he<00:19:35.919> said,<00:19:36.080> "We'll<00:19:36.400> give
Y Combinator and he said, "We'll give
you<00:19:36.799> $2<00:19:37.039> million<00:19:37.600> worth<00:19:37.840> of<00:19:38.000> free<00:19:38.160> tokens."
you $2 million worth of free tokens."
And<00:19:38.640> I<00:19:38.799> came<00:19:38.880> out<00:19:39.039> and<00:19:39.039> I<00:19:39.200> said,<00:19:39.200> "Listen,
And I came out and I said, "Listen,
there's<00:19:39.919> nothing<00:19:40.240> personal<00:19:40.640> against<00:19:40.960> Sam.
there's nothing personal against Sam.
You<00:19:42.000> know,<00:19:42.240> Sam's<00:19:42.720> a<00:19:43.039> very<00:19:44.240> aggressive
You know, Sam's a very aggressive
dealmaker."<00:19:46.000> And<00:19:46.240> he<00:19:46.480> wants<00:19:46.640> to<00:19:46.880> get<00:19:47.280> access
dealmaker." And he wants to get access
to<00:19:48.000> those<00:19:48.320> startups<00:19:48.720> cuz<00:19:48.880> he<00:19:49.039> knows<00:19:49.280> having
to those startups cuz he knows having
run<00:19:49.919> Y<00:19:50.160> Combinator<00:19:50.960> that<00:19:51.120> if<00:19:51.360> he<00:19:51.520> can<00:19:51.679> get
run Y Combinator that if he can get
their<00:19:52.160> innovations,<00:19:52.799> those<00:19:53.039> founders<00:19:53.520> latest
their innovations, those founders latest
thoughts<00:19:54.160> about<00:19:54.400> what's<00:19:54.640> around<00:19:54.880> the<00:19:55.039> corner,
thoughts about what's around the corner,
he<00:19:55.600> can<00:19:55.760> incorporate<00:19:56.160> them<00:19:56.320> into<00:19:56.480> the
he can incorporate them into the
platform.<00:19:57.120> There<00:19:57.360> is<00:19:57.440> no<00:19:57.679> free<00:19:57.840> pizza.
platform. There is no free pizza.
There's<00:19:58.480> no<00:19:58.640> free<00:19:58.799> beer.<00:19:59.520> When<00:19:59.760> somebody<00:20:00.000> like
There's no free beer. When somebody like
Sam<00:20:00.480> Walman<00:20:00.799> comes<00:20:00.960> to<00:20:01.039> you<00:20:01.120> and<00:20:01.280> says,
Sam Walman comes to you and says,
"Here's<00:20:01.760> some<00:20:01.919> free<00:20:02.480> tokens.<00:20:03.440> Your<00:20:03.760> alarm
"Here's some free tokens. Your alarm
should<00:20:04.320> go<00:20:04.480> up."<00:20:04.880> Zuckerberg<00:20:05.600> did<00:20:05.760> the<00:20:05.919> same
should go up." Zuckerberg did the same
thing.<00:20:06.160> He<00:20:06.320> said,<00:20:06.320> "Hey,<00:20:06.640> I'm<00:20:06.799> going<00:20:06.880> to<00:20:06.960> give
thing. He said, "Hey, I'm going to give
people<00:20:07.280> a<00:20:07.440> bunch<00:20:07.600> of<00:20:07.679> access.<00:20:08.160> Going<00:20:08.240> to<00:20:08.400> give
people a bunch of access. Going to give
them<00:20:08.720> money.<00:20:09.360> Come<00:20:09.520> to<00:20:09.679> the<00:20:09.840> Facebook
them money. Come to the Facebook
platform."<00:20:10.960> Nobody<00:20:11.280> who<00:20:11.520> went<00:20:11.600> to<00:20:11.760> bed<00:20:11.919> with
platform." Nobody who went to bed with
Microsoft<00:20:12.640> in<00:20:12.880> the<00:20:13.039> 80s,<00:20:13.360> Facebook<00:20:13.760> in<00:20:13.919> the
Microsoft in the 80s, Facebook in the
2000s,<00:20:14.880> or<00:20:15.120> Sam<00:20:15.440> Alman<00:20:15.919> now<00:20:16.400> in<00:20:16.559> in<00:20:16.880> the<00:20:17.120> 2020s
2000s, or Sam Alman now in in the 2020s
did<00:20:18.320> not<00:20:18.559> wake<00:20:18.799> up<00:20:18.960> with<00:20:19.200> their<00:20:19.360> throats<00:20:19.679> slit.
did not wake up with their throats slit.
This<00:20:20.480> is<00:20:20.559> a<00:20:20.799> message<00:20:20.960> to<00:20:21.200> founders.<00:20:21.919> If<00:20:22.080> you
This is a message to founders. If you
partner<00:20:22.480> with<00:20:22.640> any<00:20:22.799> of<00:20:22.880> these<00:20:23.120> people,<00:20:23.520> they
partner with any of these people, they
will<00:20:23.840> slit<00:20:24.160> your<00:20:24.320> throat<00:20:24.640> and<00:20:24.880> take<00:20:25.200> your
will slit your throat and take your
business<00:20:26.160> wholesale.<00:20:26.960> There<00:20:27.120> is<00:20:27.280> nothing<00:20:27.520> to
business wholesale. There is nothing to
discuss<00:20:28.080> here.<00:20:28.559> Don't<00:20:28.880> trust<00:20:29.120> them.<00:20:29.600> Use<00:20:29.840> your
discuss here. Don't trust them. Use your
own<00:20:30.320> models.
own models.
>> I<00:20:32.159> think<00:20:32.640> I<00:20:32.960> think<00:20:33.039> it's<00:20:33.280> less<00:20:33.919> Sam<00:20:34.240> and<00:20:34.400> Open
>> I think I think it's less Sam and Open
AI<00:20:35.039> to<00:20:35.200> be<00:20:35.360> honest.<00:20:35.679> I<00:20:35.919> think<00:20:36.000> that<00:20:36.640> the
AI to be honest. I think that the
diversity<00:20:37.440> of<00:20:37.600> Open<00:20:37.919> AI<00:20:38.320> in<00:20:38.559> terms<00:20:38.720> of<00:20:38.799> its
diversity of Open AI in terms of its
revenue<00:20:39.440> streams<00:20:39.760> and<00:20:40.000> specifically<00:20:40.480> its
revenue streams and specifically its
consumer<00:20:41.200> business<00:20:42.000> may<00:20:42.320> actually<00:20:42.720> be<00:20:42.880> its
consumer business may actually be its
savior<00:20:43.760> in<00:20:43.919> a<00:20:44.159> relative<00:20:44.640> value<00:20:45.039> basis.<00:20:45.520> Right
savior in a relative value basis. Right
now,<00:20:46.880> OpenAI<00:20:47.919> equity<00:20:48.480> I<00:20:48.640> think<00:20:48.799> is<00:20:49.120> more
now, OpenAI equity I think is more
reasonably<00:20:50.880> priced<00:20:51.200> than<00:20:51.360> entropic<00:20:51.919> equity.
reasonably priced than entropic equity.
And<00:20:52.480> the<00:20:52.720> reason<00:20:52.960> is<00:20:53.200> not<00:20:53.440> because<00:20:53.600> of<00:20:53.760> the
And the reason is not because of the
quality<00:20:54.159> of<00:20:54.320> the<00:20:54.480> models<00:20:54.720> or<00:20:54.960> the<00:20:55.120> teams
quality of the models or the teams
because<00:20:55.600> they're<00:20:55.919> both<00:20:56.159> excellent<00:20:56.559> teams,
because they're both excellent teams,
but<00:20:58.000> the<00:20:58.159> reason<00:20:58.320> is<00:20:58.559> that<00:20:59.440> OpenAI<00:21:00.080> can<00:21:00.320> fall
but the reason is that OpenAI can fall
back<00:21:00.799> on<00:21:01.039> a<00:21:01.280> really<00:21:01.679> healthy<00:21:02.080> consumer
back on a really healthy consumer
business.
>> Sure,
>> the<00:21:04.000> difficulty<00:21:04.320> that<00:21:04.559> Anthropic<00:21:05.120> is<00:21:05.280> going
>> the difficulty that Anthropic is going
to<00:21:05.440> face<00:21:05.679> is<00:21:05.919> that<00:21:06.400> I<00:21:06.640> think<00:21:06.720> what<00:21:06.960> Sax<00:21:07.360> said<00:21:07.520> is
to face is that I think what Sax said is
true<00:21:07.919> that<00:21:08.159> they<00:21:08.400> have<00:21:08.559> lost<00:21:08.880> this
true that they have lost this
fundamental<00:21:09.919> trust<00:21:10.960> about<00:21:11.600> being<00:21:12.000> able<00:21:12.320> to
fundamental trust about being able to
stay<00:21:13.200> within<00:21:13.679> their<00:21:14.080> sandbox.<00:21:15.120> And<00:21:15.280> if<00:21:15.520> you
stay within their sandbox. And if you
consistently<00:21:16.480> demonstrate<00:21:17.520> this<00:21:18.000> tendency
consistently demonstrate this tendency
to<00:21:19.600> learn<00:21:19.919> and<00:21:20.159> then<00:21:20.320> to<00:21:20.480> try<00:21:20.720> to<00:21:20.880> disrupt<00:21:21.280> your
to learn and then to try to disrupt your
host<00:21:21.840> organism,
host organism,
eventually<00:21:24.320> you<00:21:24.880> get<00:21:25.600> sort<00:21:25.840> of<00:21:26.080> pigeonholed
eventually you get sort of pigeonholed
and<00:21:26.960> you<00:21:27.200> get<00:21:27.360> cornered<00:21:27.919> and<00:21:28.480> people<00:21:28.799> find
and you get cornered and people find
ways<00:21:29.280> to<00:21:29.440> work<00:21:29.600> around<00:21:29.840> it.<00:21:30.000> And<00:21:30.320> so,<00:21:30.799> look,<00:21:31.120> I
ways to work around it. And so, look, I
sent<00:21:31.919> that<00:21:32.240> text<00:21:32.480> that<00:21:32.720> I<00:21:32.880> had<00:21:33.039> about<00:21:33.280> the<00:21:33.679> or
sent that text that I had about the or
that<00:21:34.159> post<00:21:34.400> that<00:21:34.559> I<00:21:34.720> had<00:21:34.880> about<00:21:35.360> uh<00:21:35.600> our
that post that I had about uh our
testing<00:21:36.240> of<00:21:36.559> of<00:21:37.039> our<00:21:37.760> harness<00:21:38.080> on<00:21:38.320> these
testing of of our harness on these
Chinese<00:21:38.880> models<00:21:39.200> to<00:21:39.440> somebody<00:21:39.840> well<00:21:40.080> known<00:21:40.720> in
Chinese models to somebody well known in
the<00:21:41.200> industry.<00:21:41.440> And<00:21:41.600> he<00:21:41.760> says,<00:21:41.840> "Look,<00:21:42.240> if<00:21:42.480> you
the industry. And he says, "Look, if you
also<00:21:43.520> add<00:21:44.159> some<00:21:45.039> post<00:21:45.360> training<00:21:45.760> with<00:21:46.080> all<00:21:46.320> of
also add some post training with all of
the<00:21:46.960> telemetry<00:21:47.520> that<00:21:47.679> you're<00:21:47.840> going<00:21:47.919> to<00:21:48.000> get
the telemetry that you're going to get
from<00:21:48.240> the<00:21:48.400> harness<00:21:48.720> itself,<00:21:49.120> he's<00:21:49.360> like,<00:21:49.760> I
from the harness itself, he's like, I
suspect<00:21:50.400> you'll<00:21:50.720> find<00:21:50.880> that<00:21:51.600> it<00:21:51.840> gets<00:21:52.080> as<00:21:52.320> good
suspect you'll find that it gets as good
as<00:21:53.120> Mythos."<00:21:54.240> And<00:21:54.400> and<00:21:54.720> I<00:21:54.960> thought,<00:21:55.440> well,<00:21:56.080> if
as Mythos." And and I thought, well, if
that's<00:21:56.559> true,<00:21:56.960> then<00:21:57.200> why<00:21:57.360> don't<00:21:57.440> I<00:21:57.600> just<00:21:57.760> take
that's true, then why don't I just take
GLM,<00:21:58.640> control<00:21:58.960> it<00:21:59.200> entirely,<00:21:59.679> soup<00:22:00.000> to<00:22:00.159> nuts,
GLM, control it entirely, soup to nuts,
on<00:22:00.960> my<00:22:01.120> own<00:22:01.360> hardware
on my own hardware
inside<00:22:03.280> of<00:22:03.440> the<00:22:03.679> United<00:22:03.919> States<00:22:04.240> with<00:22:04.480> only<00:22:04.720> US
inside of the United States with only US
citizens<00:22:05.360> that<00:22:05.520> can<00:22:05.679> touch<00:22:05.840> it.<00:22:06.080> It<00:22:06.320> just
citizens that can touch it. It just
seems<00:22:06.799> like<00:22:07.120> the<00:22:07.440> brain<00:22:07.679> dead<00:22:08.000> obvious<00:22:08.400> thing
seems like the brain dead obvious thing
to<00:22:08.799> do,<00:22:09.280> and<00:22:09.520> it's<00:22:09.679> much<00:22:09.919> much<00:22:10.159> cheaper.
to do, and it's much much cheaper.
>> Yeah,<00:22:11.679> and<00:22:12.400> 100%<00:22:13.039> correct.<00:22:13.440> I<00:22:13.600> will<00:22:13.840> say
>> Yeah, and 100% correct. I will say
if<00:22:16.080> you're<00:22:16.320> going<00:22:16.480> to<00:22:16.640> do<00:22:16.799> this,<00:22:17.039> you'll
if you're going to do this, you'll
eventually<00:22:17.760> wind<00:22:18.000> up<00:22:18.240> rolling<00:22:18.640> your<00:22:18.799> own<00:22:19.120> LLM.
eventually wind up rolling your own LLM.
I<00:22:19.919> mentioned<00:22:20.159> a<00:22:20.400> company,<00:22:21.120> Abacus,
I mentioned a company, Abacus,
goabacus.co,<00:22:22.640> that<00:22:22.880> we<00:22:23.200> seated<00:22:23.600> in<00:22:23.760> our
goabacus.co, that we seated in our
accelerator.<00:22:24.880> What<00:22:25.120> they're<00:22:25.360> doing<00:22:25.520> now<00:22:25.919> for
accelerator. What they're doing now for
HIPPA<00:22:27.200> client<00:22:27.600> people<00:22:27.760> is<00:22:28.000> they're<00:22:28.320> actually
HIPPA client people is they're actually
giving<00:22:28.799> you<00:22:29.280> this<00:22:29.840> go<00:22:30.080> one<00:22:30.640> box.<00:22:31.280> They're
giving you this go one box. They're
literally<00:22:31.840> saying<00:22:32.080> we're<00:22:32.320> going<00:22:32.400> to<00:22:32.559> make
literally saying we're going to make
your<00:22:32.960> own<00:22:33.360> model<00:22:33.760> for<00:22:34.000> you.<00:22:34.559> So<00:22:34.720> once<00:22:35.039> you
your own model for you. So once you
start<00:22:35.360> this<00:22:35.679> you<00:22:35.840> you<00:22:36.080> start<00:22:36.320> with<00:22:36.880> you<00:22:37.039> know
start this you you start with you know
claude<00:22:37.600> and<00:22:37.760> use<00:22:38.000> their<00:22:38.240> wrapper<00:22:38.559> and
claude and use their wrapper and
everything<00:22:39.039> or<00:22:39.280> open<00:22:39.600> AIS.<00:22:40.000> Then<00:22:40.159> you<00:22:40.320> move<00:22:40.400> on
everything or open AIS. Then you move on
to<00:22:40.720> the<00:22:40.880> next<00:22:41.039> step.<00:22:41.280> The<00:22:41.520> next<00:22:41.600> step<00:22:41.760> is<00:22:42.000> I'm
to the next step. The next step is I'm
going to<00:22:42.320> use<00:22:42.480> an<00:22:42.640> open<00:22:42.799> source<00:22:43.120> model<00:22:43.679> use<00:22:43.919> my
going to use an open source model use my
own<00:22:44.480> try<00:22:44.720> to<00:22:44.880> find<00:22:44.960> a<00:22:45.200> harness<00:22:45.679> etc.<00:22:46.000> Where<00:22:46.320> you
own try to find a harness etc. Where you
will<00:22:46.640> eventually<00:22:47.039> wind<00:22:47.280> up<00:22:47.440> is<00:22:47.760> you're<00:22:47.919> going
will eventually wind up is you're going
to<00:22:48.080> fork<00:22:48.400> these<00:22:48.559> models<00:22:48.960> you're<00:22:49.120> going<00:22:49.200> to
to fork these models you're going to
build<00:22:49.520> your<00:22:49.679> own.<00:22:50.320> That<00:22:50.559> is<00:22:50.640> the<00:22:50.799> end<00:22:51.039> state<00:22:51.440> on
build your own. That is the end state on
prem<00:22:52.400> on<00:22:52.640> your<00:22:52.799> own<00:22:52.960> hardware.<00:22:53.520> Don't<00:22:53.760> trust
prem on your own hardware. Don't trust
anybody<00:22:54.799> because<00:22:55.039> there's<00:22:55.440> too<00:22:55.679> much<00:22:55.919> at
anybody because there's too much at
stake.<00:22:56.720> You<00:22:56.880> cannot<00:22:57.120> risk<00:22:57.440> your<00:22:57.600> entire
stake. You cannot risk your entire
business.<00:22:58.640> You<00:22:58.880> might<00:22:59.039> as<00:22:59.200> well<00:22:59.600> be<00:22:59.760> part<00:22:59.919> of
business. You might as well be part of
the<00:23:00.159> vanguard<00:23:00.640> and<00:23:00.799> start<00:23:01.039> investing<00:23:01.440> here.
the vanguard and start investing here.
You're<00:23:02.080> going<00:23:02.159> to<00:23:02.320> slow<00:23:02.559> down<00:23:03.120> to<00:23:03.360> speed<00:23:03.679> up<00:23:04.080> is
You're going to slow down to speed up is
what's<00:23:04.480> going<00:23:04.559> to<00:23:04.640> happen.<00:23:04.880> Whether<00:23:05.039> you're
what's going to happen. Whether you're
using<00:23:05.360> 8090,<00:23:05.919> Abacus,<00:23:06.400> or<00:23:06.559> any<00:23:06.720> of<00:23:06.799> these
using 8090, Abacus, or any of these
other<00:23:07.200> solutions<00:23:07.520> or<00:23:07.760> rolling<00:23:08.000> your<00:23:08.159> own,<00:23:08.559> you
other solutions or rolling your own, you
must<00:23:09.039> have<00:23:09.200> AI<00:23:09.600> sovereignty.<00:23:10.400> You<00:23:10.480> must<00:23:10.720> have
must have AI sovereignty. You must have
intelligent<00:23:11.360> sovereignty<00:23:11.840> or<00:23:12.080> you're<00:23:12.320> just
intelligent sovereignty or you're just
giving<00:23:12.799> your<00:23:13.039> business<00:23:13.679> over<00:23:13.919> to<00:23:14.159> your
giving your business over to your
competitors.<00:23:15.200> The<00:23:15.440> only<00:23:15.760> company,<00:23:16.880> the<00:23:17.120> only
competitors. The only company, the only
company<00:23:17.520> at<00:23:17.760> scale<00:23:18.000> that's<00:23:18.320> ever<00:23:18.559> respected
company at scale that's ever respected
the<00:23:19.280> developer<00:23:19.760> community<00:23:20.400> in<00:23:20.720> this<00:23:20.880> way<00:23:21.039> is
the developer community in this way is
Apple.<00:23:21.919> Apple<00:23:22.240> took<00:23:22.480> a<00:23:22.640> very<00:23:22.880> strategic
Apple. Apple took a very strategic
approach<00:23:24.159> to<00:23:24.480> wanting<00:23:24.799> to<00:23:24.880> build<00:23:25.039> an<00:23:25.280> app
approach to wanting to build an app
store<00:23:25.760> business<00:23:25.919> to<00:23:26.159> wanting<00:23:26.400> to<00:23:26.480> support
store business to wanting to support
developers.<00:23:27.280> And<00:23:27.360> they<00:23:27.600> explicitly<00:23:28.080> told
developers. And they explicitly told
people,<00:23:28.880> if<00:23:29.039> you<00:23:29.200> make<00:23:29.360> something<00:23:29.600> super
people, if you make something super
obvious<00:23:30.240> that<00:23:30.480> you<00:23:30.640> can<00:23:30.799> build<00:23:30.960> in<00:23:31.200> a<00:23:31.360> week<00:23:31.520> or
obvious that you can build in a week or
two,<00:23:32.400> it<00:23:32.640> eventually<00:23:33.039> might<00:23:33.280> wind<00:23:33.520> up<00:23:33.679> in<00:23:33.919> our
two, it eventually might wind up in our
basic<00:23:34.720> collection<00:23:35.120> of<00:23:35.280> apps,<00:23:35.600> the<00:23:35.840> stock<00:23:36.159> app
basic collection of apps, the stock app
in<00:23:36.880> your<00:23:37.200> iPhone,<00:23:37.760> the<00:23:38.000> notepad<00:23:38.480> app<00:23:38.720> in<00:23:39.039> your
in your iPhone, the notepad app in your
iPhone,<00:23:39.919> those<00:23:40.159> apps<00:23:40.480> are<00:23:40.640> incredibly<00:23:41.120> basic.
iPhone, those apps are incredibly basic.
But<00:23:41.679> if<00:23:41.840> you<00:23:42.000> looked<00:23:42.240> at,<00:23:43.039> you<00:23:43.200> know,<00:23:43.600> Robin
But if you looked at, you know, Robin
Hood's<00:23:44.480> uh<00:23:44.559> or<00:23:45.039> Google<00:23:45.360> Finance<00:23:45.840> and<00:23:46.080> then<00:23:46.240> you
Hood's uh or Google Finance and then you
looked<00:23:46.559> at<00:23:46.720> something<00:23:47.039> like<00:23:47.360> say<00:23:47.760> Evernote
looked at something like say Evernote
back<00:23:48.480> in<00:23:48.640> the<00:23:48.720> day,<00:23:48.880> which<00:23:49.120> was<00:23:49.200> an<00:23:49.360> advanced
back in the day, which was an advanced
notetaker,<00:23:50.880> it<00:23:51.120> took<00:23:51.520> 10<00:23:51.840> years<00:23:52.080> for<00:23:52.320> Notepad
notetaker, it took 10 years for Notepad
to<00:23:52.960> add<00:23:53.120> the<00:23:53.360> features<00:23:53.600> that<00:23:53.840> Evernote<00:23:54.400> had<00:23:55.200> 7
to add the features that Evernote had 7
8<00:23:55.679> 9<00:23:55.919> 10<00:23:56.080> years<00:23:56.240> ago.<00:23:56.559> They<00:23:56.799> specifically<00:23:57.520> slow
8 9 10 years ago. They specifically slow
their<00:23:58.159> apps<00:23:58.559> down<00:23:59.039> to<00:23:59.360> make<00:23:59.440> them<00:23:59.679> simple<00:23:59.919> for
their apps down to make them simple for
users<00:24:00.720> and<00:24:01.039> not<00:24:01.440> f<00:24:01.760> with<00:24:02.640> their<00:24:03.039> ecosystem
users and not f with their ecosystem
because<00:24:03.919> they<00:24:04.080> want<00:24:04.240> to<00:24:04.320> take<00:24:04.480> the<00:24:04.720> 30%<00:24:05.360> tax.
because they want to take the 30% tax.
That's<00:24:06.400> your<00:24:06.640> choice<00:24:06.799> here.<00:24:07.280> There<00:24:07.440> is<00:24:07.600> no<00:24:07.919> 30%
That's your choice here. There is no 30%
tax<00:24:08.720> here<00:24:08.880> when<00:24:09.039> it<00:24:09.120> comes<00:24:09.200> to<00:24:09.360> anthropic.
tax here when it comes to anthropic.
There<00:24:10.000> is<00:24:10.159> no<00:24:10.400> 30%<00:24:10.960> tax<00:24:11.360> equivalent<00:24:11.840> with<00:24:12.080> open
There is no 30% tax equivalent with open
AI.
>> The<00:24:13.279> thing<00:24:13.360> with<00:24:13.520> Apple<00:24:13.840> is<00:24:14.000> that<00:24:14.240> Apple<00:24:14.559> was
>> The thing with Apple is that Apple was
renting<00:24:15.520> distribution.<00:24:16.880> This<00:24:17.039> is<00:24:17.200> not
renting distribution. This is not
renting<00:24:17.840> distribution.<00:24:18.559> This<00:24:18.799> is<00:24:18.880> where
renting distribution. This is where
you're<00:24:20.080> renting<00:24:20.640> intelligence<00:24:21.360> and
you're renting intelligence and
judgment.<00:24:22.080> And<00:24:22.320> so<00:24:22.720> the<00:24:23.039> problem<00:24:23.279> that<00:24:23.520> a
judgment. And so the problem that a
company<00:24:24.080> has<00:24:24.880> is<00:24:25.520> you<00:24:25.840> can't<00:24:26.080> rent<00:24:26.400> the<00:24:26.640> same
company has is you can't rent the same
in<00:24:27.120> this<00:24:27.360> is<00:24:27.440> why<00:24:27.679> your<00:24:28.000> point<00:24:28.240> is<00:24:28.480> actually
in this is why your point is actually
right.<00:24:29.120> I<00:24:29.279> think<00:24:29.360> it's<00:24:29.600> for<00:24:29.760> a<00:24:29.919> different
right. I think it's for a different
reason.<00:24:30.799> You<00:24:31.039> can't<00:24:31.279> rent<00:24:31.600> intelligence<00:24:32.559> from
reason. You can't rent intelligence from
the<00:24:33.039> same<00:24:33.200> place<00:24:33.360> that<00:24:33.600> rents<00:24:33.840> it<00:24:34.000> to<00:24:34.159> your
the same place that rents it to your
competitor.
>> Correct.
>> You<00:24:36.000> just<00:24:36.240> can't.<00:24:36.640> You<00:24:36.799> can't.<00:24:37.120> It's<00:24:37.360> just
>> You just can't. You can't. It's just
stupid.<00:24:38.240> It
stupid. It
>> It<00:24:38.640> will<00:24:38.799> overflow.<00:24:39.279> it<00:24:39.520> will<00:24:39.600> go<00:24:39.760> over<00:24:40.000> the
>> It will overflow. it will go over the
wall<00:24:40.559> in<00:24:40.799> your<00:24:41.039> competitor's<00:24:41.520> lap.
wall in your competitor's lap.
>> It's<00:24:42.159> it<00:24:42.320> becomes<00:24:42.640> the<00:24:42.799> lowest<00:24:43.120> common
>> It's it becomes the lowest common
denominator<00:24:44.159> problem<00:24:44.400> where<00:24:44.720> you<00:24:44.880> and<00:24:45.120> your
denominator problem where you and your
competitors<00:24:45.760> now<00:24:46.000> look<00:24:46.240> exactly<00:24:46.559> the<00:24:46.799> same.
competitors now look exactly the same.
Why<00:24:47.600> would<00:24:47.679> you<00:24:47.840> do<00:24:47.919> that?<00:24:48.159> And<00:24:48.320> again,<00:24:48.559> if<00:24:48.720> you
Why would you do that? And again, if you
go<00:24:48.960> back<00:24:49.039> to<00:24:49.200> that<00:24:49.440> that<00:24:49.760> thing<00:24:49.919> that<00:24:50.159> BCG
go back to that that thing that BCG
identified,<00:24:51.679> so<00:24:51.919> many<00:24:52.159> companies<00:24:52.559> are
identified, so many companies are
already<00:24:53.200> teetering<00:24:54.000> on<00:24:54.320> a<00:24:54.640> very<00:24:54.880> difficult
already teetering on a very difficult
position<00:24:55.679> where<00:24:55.919> they<00:24:56.240> cannot<00:24:56.720> generate
position where they cannot generate
returns<00:24:58.000> on<00:24:58.240> their<00:24:58.400> invested<00:24:58.880> equity.<00:24:59.679> And<00:24:59.840> so
returns on their invested equity. And so
why<00:25:00.400> would<00:25:00.559> you<00:25:00.720> then<00:25:00.960> go<00:25:01.120> and<00:25:01.360> pay<00:25:01.679> all<00:25:01.919> this
why would you then go and pay all this
money<00:25:02.640> so<00:25:02.799> that<00:25:02.960> you<00:25:03.120> end<00:25:03.279> up<00:25:03.360> with<00:25:03.520> the<00:25:03.679> same
money so that you end up with the same
answer<00:25:04.080> as<00:25:04.320> your<00:25:04.480> competitor?
answer as your competitor?
>> You<00:25:06.320> can't<00:25:06.480> do<00:25:06.559> it.<00:25:06.799> It's<00:25:06.960> just<00:25:07.120> not<00:25:07.279> a<00:25:07.440> it's
>> You can't do it. It's just not a it's
not<00:25:07.760> a<00:25:08.000> choice.<00:25:08.400> and<00:25:08.640> Sachs,<00:25:09.039> part<00:25:09.200> of<00:25:09.279> what's
not a choice. and Sachs, part of what's
going<00:25:09.600> on<00:25:09.760> here<00:25:09.919> is<00:25:10.080> the<00:25:10.240> deflationary<00:25:11.200> nature
going on here is the deflationary nature
of<00:25:11.840> technology.<00:25:13.200> Every<00:25:13.440> single<00:25:13.679> one<00:25:13.840> of<00:25:13.919> these
of technology. Every single one of these
tools<00:25:14.320> is<00:25:14.559> getting<00:25:14.720> cheaper.<00:25:15.200> Tokens<00:25:15.600> are
tools is getting cheaper. Tokens are
getting<00:25:16.000> cheaper,<00:25:16.320> Sachs.<00:25:17.120> And<00:25:17.440> if<00:25:17.679> you<00:25:17.840> look
getting cheaper, Sachs. And if you look
at<00:25:18.240> Nvidia's<00:25:18.960> role<00:25:19.120> in<00:25:19.360> all<00:25:19.520> of<00:25:19.679> this,<00:25:20.640> they
at Nvidia's role in all of this, they
have<00:25:21.679> something<00:25:22.240> called<00:25:22.480> Neotron.<00:25:23.360> You<00:25:23.520> can
have something called Neotron. You can
try<00:25:23.840> it<00:25:24.000> if<00:25:24.240> you<00:25:24.720> uh<00:25:24.960> use<00:25:25.120> Perplexity.<00:25:25.760> You<00:25:25.840> can
try it if you uh use Perplexity. You can
just<00:25:26.080> pick<00:25:26.159> the<00:25:26.320> drop<00:25:26.559> down<00:25:26.720> menu.<00:25:27.039> It<00:25:27.200> has
just pick the drop down menu. It has
deep<00:25:27.600> thinking.<00:25:28.080> You<00:25:28.240> will<00:25:28.400> not<00:25:28.559> be<00:25:28.720> able<00:25:28.799> to
deep thinking. You will not be able to
tell<00:25:29.120> the<00:25:29.440> difference<00:25:29.679> between<00:25:30.720> Jensen
tell the difference between Jensen
Wong's<00:25:32.159> open-source<00:25:33.200> LLM<00:25:33.840> sacks<00:25:34.320> and<00:25:35.120> Claude
Wong's open-source LLM sacks and Claude
for<00:25:35.919> 95%<00:25:37.039> of<00:25:37.200> your<00:25:37.360> searches.<00:25:37.760> I<00:25:38.000> guarantee
for 95% of your searches. I guarantee
you<00:25:39.200> now<00:25:39.600> why<00:25:40.080> why<00:25:40.080> why<00:25:41.520> has<00:25:41.760> Nvidia<00:25:42.320> and
you now why why why has Nvidia and
Jensen<00:25:43.200> downplayed<00:25:43.919> their<00:25:44.159> open-<00:25:44.400> source
Jensen downplayed their open- source
model<00:25:45.120> until<00:25:45.520> this<00:25:45.760> moment?<00:25:46.240> Why<00:25:46.400> would<00:25:46.559> he<00:25:46.720> do
model until this moment? Why would he do
that?<00:25:47.120> Why<00:25:47.279> would<00:25:47.440> he<00:25:47.600> never<00:25:47.840> bring<00:25:48.000> it<00:25:48.080> up<00:25:48.240> in
that? Why would he never bring it up in
the<00:25:48.480> all<00:25:48.720> interview?<00:25:49.440> Never<00:25:49.760> bring<00:25:50.000> it<00:25:50.159> up
the all interview? Never bring it up
because<00:25:51.039> his<00:25:51.440> top<00:25:51.760> customers<00:25:53.039> were<00:25:54.480> uh<00:25:54.799> very
because his top customers were uh very
concerned<00:25:55.840> from<00:25:56.159> what<00:25:56.320> I<00:25:56.480> understand<00:25:56.960> about
concerned from what I understand about
the<00:25:57.440> fact<00:25:57.600> that<00:25:57.760> they<00:25:58.000> had<00:25:58.240> made<00:25:58.480> so<00:25:58.720> much
the fact that they had made so much
project<00:25:59.600> progress<00:26:00.080> on<00:26:00.320> their<00:26:00.559> open<00:26:00.799> source
project progress on their open source
model.<00:26:01.760> But<00:26:02.000> suddenly<00:26:03.200> after<00:26:04.000> open<00:26:04.400> AI
model. But suddenly after open AI
announced<00:26:05.200> their<00:26:05.520> jalapeno<00:26:06.159> chips,<00:26:07.120> after
announced their jalapeno chips, after
Anthropic<00:26:08.320> started<00:26:08.880> uh<00:26:09.039> making<00:26:09.360> chips,<00:26:09.840> after
Anthropic started uh making chips, after
AMD<00:26:10.799> did<00:26:11.039> successful<00:26:12.240> uh<00:26:12.720> projects<00:26:13.200> with<00:26:13.440> both
AMD did successful uh projects with both
of<00:26:13.760> these<00:26:14.000> companies,<00:26:14.320> after<00:26:14.559> Elon<00:26:14.960> said<00:26:15.200> he's
of these companies, after Elon said he's
going<00:26:15.440> to<00:26:15.520> do<00:26:15.679> his<00:26:15.840> own<00:26:16.080> fab,<00:26:16.880> Nvidia's<00:26:17.440> taken
going to do his own fab, Nvidia's taken
the<00:26:17.840> gloves<00:26:18.080> off,<00:26:18.400> David,<00:26:19.039> they<00:26:19.279> are<00:26:19.440> going<00:26:19.520> to
the gloves off, David, they are going to
own<00:26:19.840> the<00:26:20.000> whole<00:26:20.159> stack.<00:26:20.640> They<00:26:20.880> are<00:26:21.039> going<00:26:21.120> to
own the whole stack. They are going to
be<00:26:21.600> talking<00:26:21.919> about<00:26:22.159> open<00:26:22.400> source<00:26:22.640> a<00:26:22.799> whole
be talking about open source a whole
bunch.<00:26:23.120> So<00:26:23.279> maybe<00:26:23.440> you<00:26:23.520> could<00:26:23.679> talk<00:26:23.840> a<00:26:24.000> little
bunch. So maybe you could talk a little
bit<00:26:24.640> about<00:26:24.960> Nvidia<00:26:25.919> and<00:26:26.159> their<00:26:26.480> role<00:26:26.640> in<00:26:26.880> this
bit about Nvidia and their role in this
as<00:26:27.360> the<00:26:27.600> open-source<00:26:28.480> atscale<00:26:29.520> full<00:26:29.840> stack
as the open-source atscale full stack
provider.<00:26:30.720> You<00:26:30.880> get<00:26:31.039> the<00:26:31.200> hardware<00:26:31.520> from<00:26:31.760> them
provider. You get the hardware from them
and<00:26:32.799> you're<00:26:32.960> gonna<00:26:33.200> get<00:26:33.440> a<00:26:33.760> model<00:26:34.080> that's
and you're gonna get a model that's
competitive<00:26:34.960> with<00:26:35.200> open<00:26:35.520> AIS<00:26:36.400> for<00:26:36.880> free<00:26:38.000> and
competitive with open AIS for free and
all<00:26:38.799> you<00:26:38.960> have<00:26:39.039> to<00:26:39.120> do<00:26:39.200> is<00:26:39.360> use<00:26:39.600> one<00:26:39.760> of<00:26:39.840> their
all you have to do is use one of their
hosting<00:26:40.400> companies,<00:26:40.720> Cory,<00:26:41.279> whoever<00:26:41.440> is
hosting companies, Cory, whoever is
buying<00:26:41.840> Nvidia's,<00:26:42.400> Colossus,<00:26:43.039> etc.<00:26:43.360> What<00:26:43.440> are
buying Nvidia's, Colossus, etc. What are
your<00:26:43.679> thoughts<00:26:43.840> on<00:26:44.000> Nvidia<00:26:44.960> suddenly<00:26:45.520> being
your thoughts on Nvidia suddenly being
willing<00:26:46.080> to<00:26:46.240> talk<00:26:46.400> about<00:26:46.559> their<00:26:46.799> open<00:26:47.039> source
willing to talk about their open source
projects<00:26:47.760> today?<00:26:48.799> Well,<00:26:49.120> look,<00:26:49.360> I<00:26:49.600> think<00:26:49.760> part
projects today? Well, look, I think part
of<00:26:50.159> it<00:26:50.640> is<00:26:50.960> they<00:26:51.200> needed<00:26:51.600> time<00:26:51.919> to<00:26:52.159> make<00:26:52.320> the
of it is they needed time to make the
offering<00:26:53.120> compelling<00:26:54.000> and<00:26:54.320> you<00:26:54.400> know,
offering compelling and you know,
they're<00:26:54.720> up<00:26:54.880> against<00:26:55.120> some<00:26:55.360> pretty<00:26:55.760> great<00:26:56.159> AI
they're up against some pretty great AI
labs<00:26:56.960> and<00:26:57.200> I<00:26:57.360> think<00:26:57.440> some<00:26:57.600> of<00:26:57.679> it<00:26:57.840> is<00:26:58.080> just,
labs and I think some of it is just,
hey,<00:26:58.720> it<00:26:58.960> takes<00:26:59.120> time<00:26:59.279> to<00:26:59.440> train<00:26:59.679> up<00:26:59.840> these
hey, it takes time to train up these
models.<00:27:00.960> Now,<00:27:01.600> one<00:27:01.919> question<00:27:02.559> is<00:27:03.279> why<00:27:03.600> is<00:27:03.760> it
models. Now, one question is why is it
that<00:27:04.400> Nvidia<00:27:05.520> and<00:27:05.760> Palunteer<00:27:07.039> are
that Nvidia and Palunteer are
partnering?<00:27:08.000> Like<00:27:08.320> what<00:27:08.559> makes<00:27:08.880> them<00:27:09.279> natural
partnering? Like what makes them natural
partners?<00:27:10.240> And<00:27:10.400> I<00:27:10.559> want<00:27:10.640> to<00:27:10.799> just<00:27:10.960> explain
partners? And I want to just explain
that.<00:27:11.919> If<00:27:12.080> you<00:27:12.240> want<00:27:12.320> to<00:27:12.400> think<00:27:12.559> about<00:27:12.640> the<00:27:12.880> AI
that. If you want to think about the AI
stack<00:27:13.760> for<00:27:14.000> a<00:27:14.159> minute<00:27:14.480> at<00:27:14.720> the<00:27:14.880> most<00:27:15.120> basic
stack for a minute at the most basic
level,<00:27:15.840> there's<00:27:16.080> three<00:27:16.400> layers<00:27:16.559> to<00:27:16.640> the
level, there's three layers to the
stack.<00:27:17.600> It's<00:27:17.840> basically<00:27:18.080> the<00:27:18.320> chips,<00:27:19.200> it's
stack. It's basically the chips, it's
the<00:27:19.600> models,<00:27:20.000> and<00:27:20.159> then<00:27:20.320> it's<00:27:20.480> the
the models, and then it's the
applications.<00:27:22.000> Well,<00:27:22.400> right<00:27:22.720> now<00:27:23.200> we<00:27:23.520> have<00:27:23.760> in
applications. Well, right now we have in
the<00:27:24.159> middle<00:27:24.559> layer<00:27:24.880> at<00:27:25.039> the<00:27:25.200> model<00:27:25.679> layer<00:27:25.760> of
the middle layer at the model layer of
the<00:27:26.080> stack,<00:27:26.400> you've<00:27:26.640> got<00:27:26.799> two<00:27:27.039> dominant
the stack, you've got two dominant
companies.<00:27:28.000> You've<00:27:28.159> got<00:27:28.320> Anthropic<00:27:29.520> and<00:27:29.760> Open
companies. You've got Anthropic and Open
AAI.<00:27:30.480> We<00:27:30.559> know<00:27:30.640> that<00:27:30.880> Enthropic<00:27:31.360> is<00:27:31.520> around
AAI. We know that Enthropic is around
60some<00:27:32.400> billion<00:27:32.640> of<00:27:32.880> ARR.<00:27:33.919> Open<00:27:34.240> AAI<00:27:34.559> is<00:27:34.720> at<00:27:34.960> 40
60some billion of ARR. Open AAI is at 40
something<00:27:35.440> billion<00:27:35.679> of<00:27:35.840> ARR.<00:27:36.640> As<00:27:36.799> far<00:27:36.960> as<00:27:37.120> we
something billion of ARR. As far as we
know,<00:27:37.520> no<00:27:37.760> one<00:27:37.840> else<00:27:38.000> is<00:27:38.240> really<00:27:38.480> generating
know, no one else is really generating
meaningful<00:27:39.440> revenue<00:27:40.080> at<00:27:40.320> the<00:27:40.480> model<00:27:40.960> layer.
meaningful revenue at the model layer.
So,<00:27:41.679> we<00:27:41.919> already<00:27:42.320> have,<00:27:42.640> let's<00:27:42.799> say,<00:27:42.960> an
So, we already have, let's say, an
emerging<00:27:43.600> duopoly<00:27:44.240> situation.<00:27:45.600> We<00:27:46.159> have
emerging duopoly situation. We have
Anthropic<00:27:47.520> pushing<00:27:47.919> for<00:27:48.799> a<00:27:49.039> regulatory
Anthropic pushing for a regulatory
capture<00:27:49.919> agenda<00:27:50.320> that<00:27:50.480> would<00:27:50.720> probably
capture agenda that would probably
enshrine<00:27:52.400> that<00:27:52.720> duopoly<00:27:53.360> situation<00:27:54.080> at<00:27:54.320> a
enshrine that duopoly situation at a
regulatory<00:27:55.039> level<00:27:55.440> because<00:27:55.840> they're<00:27:56.159> pushing
regulatory level because they're pushing
for<00:27:56.559> a<00:27:56.720> safety<00:27:57.039> agenda<00:27:57.600> where<00:27:57.919> Daria
for a safety agenda where Daria
explicitly<00:27:58.880> says<00:27:59.120> that<00:27:59.279> these<00:27:59.520> other<00:27:59.679> models
explicitly says that these other models
are<00:28:00.799> not<00:28:01.120> safe.<00:28:01.440> You<00:28:01.600> shouldn't<00:28:01.840> have<00:28:02.000> access
are not safe. You shouldn't have access
to<00:28:02.559> them.<00:28:03.200> So<00:28:03.440> you've<00:28:03.760> kind<00:28:03.840> of<00:28:03.919> got<00:28:04.159> that
to them. So you've kind of got that
situation.<00:28:04.960> You<00:28:05.120> got<00:28:05.279> the<00:28:05.440> market<00:28:05.679> producing
situation. You got the market producing
duopoly.<00:28:06.640> You<00:28:06.799> got<00:28:06.880> the<00:28:07.120> government<00:28:07.440> now
duopoly. You got the government now
potentially<00:28:08.559> leaning<00:28:09.120> not<00:28:09.360> to<00:28:09.520> bust<00:28:09.760> up<00:28:09.919> the
potentially leaning not to bust up the
duopoly<00:28:10.480> but<00:28:10.640> maybe<00:28:10.799> to<00:28:11.039> enforce<00:28:11.360> it.<00:28:11.600> So
duopoly but maybe to enforce it. So
that's<00:28:12.480> sort<00:28:12.720> of<00:28:12.799> the<00:28:13.039> emerging<00:28:13.440> situation<00:28:13.840> at
that's sort of the emerging situation at
the<00:28:14.240> model<00:28:14.720> layer.<00:28:15.200> And<00:28:15.440> so<00:28:15.600> if<00:28:15.840> you're<00:28:16.000> an
the model layer. And so if you're an
application<00:28:16.960> at<00:28:17.200> the<00:28:17.360> top<00:28:17.520> of<00:28:17.600> the<00:28:17.760> stack<00:28:18.080> like
application at the top of the stack like
Palunteer<00:28:18.799> or<00:28:19.039> you're<00:28:19.200> a<00:28:19.360> chip<00:28:19.679> company<00:28:20.240> at
Palunteer or you're a chip company at
the<00:28:20.640> bottom<00:28:20.799> of<00:28:20.880> the<00:28:21.039> stack,<00:28:21.360> that's<00:28:21.600> the<00:28:21.760> last
the bottom of the stack, that's the last
thing<00:28:22.080> you<00:28:22.320> want.<00:28:22.799> You<00:28:23.039> want<00:28:23.200> a<00:28:23.440> competitive
thing you want. You want a competitive
model<00:28:24.240> layer.<00:28:24.480> Why?<00:28:24.880> Because<00:28:25.039> if<00:28:25.200> you're<00:28:25.360> an
model layer. Why? Because if you're an
application,<00:28:26.399> you<00:28:26.559> don't<00:28:26.640> want<00:28:26.720> to<00:28:26.799> be
application, you don't want to be
beholden<00:28:27.360> to<00:28:27.520> one<00:28:27.679> model<00:28:28.000> provider,<00:28:28.799> right?
beholden to one model provider, right?
You<00:28:29.200> want<00:28:29.360> to<00:28:29.440> have<00:28:29.520> a<00:28:29.760> choice.<00:28:30.320> And<00:28:30.480> if<00:28:30.640> you're
You want to have a choice. And if you're
an<00:28:30.960> enterprise,<00:28:31.440> you<00:28:31.600> want<00:28:31.679> to<00:28:31.760> have<00:28:31.840> a<00:28:32.000> choice
an enterprise, you want to have a choice
because<00:28:32.480> you<00:28:32.640> don't<00:28:32.720> want<00:28:32.880> have<00:28:32.960> to<00:28:33.039> give<00:28:33.200> up
because you don't want have to give up
all<00:28:33.600> of<00:28:33.679> your<00:28:34.080> proprietary<00:28:34.720> knowledge.<00:28:35.360> And
all of your proprietary knowledge. And
if<00:28:35.760> you're<00:28:35.840> a<00:28:36.080> chip<00:28:36.399> company,<00:28:37.039> you<00:28:37.200> you<00:28:37.440> don't
if you're a chip company, you you don't
want<00:28:37.600> a<00:28:37.760> monopsiny<00:28:38.720> buyer<00:28:39.200> situation<00:28:39.520> where
want a monopsiny buyer situation where
there's<00:28:40.000> only<00:28:40.159> one<00:28:40.240> or<00:28:40.399> two<00:28:40.559> companies<00:28:40.880> who
there's only one or two companies who
can<00:28:41.200> buy<00:28:41.360> your<00:28:41.600> chips<00:28:42.159> and<00:28:42.480> by<00:28:42.640> the<00:28:42.720> way,
can buy your chips and by the way,
they're<00:28:43.120> producing<00:28:43.440> their<00:28:43.679> own.<00:28:44.320> You<00:28:44.559> want<00:28:44.640> to
they're producing their own. You want to
have<00:28:44.880> as<00:28:45.120> diverse<00:28:45.760> and<00:28:46.080> healthy<00:28:46.320> an<00:28:46.559> ecosystem
have as diverse and healthy an ecosystem
as<00:28:47.279> possible<00:28:47.520> where<00:28:47.679> there's<00:28:47.919> lots<00:28:48.559> of
as possible where there's lots of
potential<00:28:49.200> buyers<00:28:49.520> for<00:28:49.760> your<00:28:49.919> chips.<00:28:50.960> And<00:28:51.200> if
potential buyers for your chips. And if
enterprises<00:28:52.000> are<00:28:52.159> rolling<00:28:52.480> their<00:28:52.720> own<00:28:52.960> using
enterprises are rolling their own using
open<00:28:53.679> models,<00:28:54.480> that's<00:28:54.720> kind<00:28:54.880> of<00:28:54.960> an<00:28:55.120> ideal
open models, that's kind of an ideal
situation<00:28:55.840> because<00:28:56.159> now<00:28:56.320> there's<00:28:56.559> like<00:28:56.720> a
situation because now there's like a
long<00:28:57.120> tale<00:28:57.679> of<00:28:57.919> buyers.<00:28:58.399> So<00:28:59.039> I<00:28:59.360> think<00:28:59.760> really
long tale of buyers. So I think really
the<00:29:00.480> whole<00:29:00.720> ecosystem<00:29:01.360> in<00:29:01.600> a<00:29:01.760> way<00:29:02.320> the<00:29:02.559> chip
the whole ecosystem in a way the chip
companies,<00:29:04.159> developers,<00:29:05.200> applications,
companies, developers, applications,
enterprises,<00:29:07.360> everybody<00:29:08.320> has<00:29:08.559> an<00:29:08.799> incentive
enterprises, everybody has an incentive
for<00:29:10.159> a<00:29:10.480> competitive<00:29:11.440> layer<00:29:11.760> of<00:29:12.000> the<00:29:12.240> stack<00:29:12.720> at
for a competitive layer of the stack at
the<00:29:13.200> model<00:29:13.679> layer.<00:29:14.640> Really<00:29:14.960> the<00:29:15.200> only
the model layer. Really the only
companies<00:29:15.760> who<00:29:16.080> don't<00:29:16.799> are<00:29:17.039> anthropic<00:29:17.520> and
companies who don't are anthropic and
open<00:29:17.919> AI<00:29:18.399> because<00:29:18.640> obviously<00:29:19.120> they<00:29:19.360> want<00:29:19.520> to
open AI because obviously they want to
dominate.<00:29:20.159> They<00:29:20.320> want<00:29:20.399> to<00:29:20.480> be<00:29:20.559> a<00:29:20.720> duopoly.<00:29:22.000> And
dominate. They want to be a duopoly. And
my<00:29:22.799> view<00:29:22.960> is,<00:29:23.279> look,<00:29:23.520> if<00:29:23.760> you<00:29:23.919> earn<00:29:24.320> a<00:29:25.039> monopoly
my view is, look, if you earn a monopoly
or<00:29:25.600> duopoly<00:29:26.080> in<00:29:26.240> our<00:29:26.399> system,<00:29:26.720> we<00:29:26.880> don't<00:29:27.039> ban
or duopoly in our system, we don't ban
monopolies<00:29:27.840> in<00:29:28.000> the<00:29:28.159> United<00:29:28.399> States.<00:29:29.039> We<00:29:29.279> ban
monopolies in the United States. We ban
anti-competitive<00:29:30.480> tactics,<00:29:31.360> but<00:29:31.520> if<00:29:31.760> you
anti-competitive tactics, but if you
lawfully<00:29:32.720> achieve<00:29:33.039> a<00:29:33.200> monopoly<00:29:33.679> through
lawfully achieve a monopoly through
amazing<00:29:34.640> performance,<00:29:35.840> we<00:29:36.080> don't,<00:29:36.480> you<00:29:36.640> know,
amazing performance, we don't, you know,
nationalize<00:29:37.520> you<00:29:37.679> or<00:29:37.840> make<00:29:38.000> you<00:29:38.240> illegal,<00:29:38.559> and
nationalize you or make you illegal, and
I<00:29:38.880> think<00:29:38.960> that's<00:29:39.279> fine.<00:29:39.679> However,<00:29:40.480> the
I think that's fine. However, the
government,<00:29:41.039> in<00:29:41.200> my<00:29:41.360> view,<00:29:41.600> should<00:29:41.840> do
government, in my view, should do
nothing<00:29:42.960> to<00:29:43.600> make<00:29:43.919> monopoly<00:29:44.480> or<00:29:44.640> duopoly<00:29:45.120> more
nothing to make monopoly or duopoly more
likely.<00:29:46.159> They<00:29:46.399> should<00:29:46.640> make<00:29:46.799> it<00:29:47.039> harder<00:29:47.440> for
likely. They should make it harder for
these<00:29:47.919> companies<00:29:48.159> to<00:29:48.320> engage<00:29:48.559> in<00:29:48.720> monopoly
these companies to engage in monopoly
tactics<00:29:50.240> and<00:29:50.799> they<00:29:51.039> should<00:29:51.200> do<00:29:51.360> everything
tactics and they should do everything
they<00:29:51.919> can<00:29:52.080> to<00:29:52.320> keep<00:29:52.480> the<00:29:52.640> model<00:29:53.039> layer
they can to keep the model layer
competitive<00:29:53.919> because<00:29:54.720> competition<00:29:55.440> is<00:29:55.679> what
competitive because competition is what
brings<00:29:56.080> out<00:29:56.240> the<00:29:56.399> best<00:29:56.799> and<00:29:57.120> it's<00:29:57.440> good<00:29:57.600> for
brings out the best and it's good for
the<00:29:58.000> ecosystem<00:29:58.799> and<00:29:59.039> it<00:29:59.279> ensures<00:29:59.600> our<00:29:59.840> civil
the ecosystem and it ensures our civil
liberties<00:30:00.559> and<00:30:00.880> consumer<00:30:01.279> choice.<00:30:01.679> So,
liberties and consumer choice. So,
>> and<00:30:02.080> it's<00:30:02.320> going<00:30:02.399> to<00:30:02.480> be<00:30:02.720> amazing<00:30:03.279> for<00:30:03.600> pricing
>> and it's going to be amazing for pricing
sacks<00:30:04.480> if<00:30:04.720> you<00:30:04.880> think<00:30:05.120> about<00:30:05.360> what<00:30:05.600> this
sacks if you think about what this
competition<00:30:06.320> is<00:30:06.559> about<00:30:06.720> to<00:30:06.880> do<00:30:07.120> and<00:30:07.279> you've
competition is about to do and you've
been<00:30:07.760> very<00:30:08.159> vocal<00:30:08.559> about<00:30:08.720> this<00:30:08.960> in<00:30:09.120> your<00:30:09.279> time
been very vocal about this in your time
in<00:30:09.679> Washington<00:30:10.080> DC.<00:30:10.880> We<00:30:11.120> want<00:30:11.279> to<00:30:11.440> have<00:30:11.520> a
in Washington DC. We want to have a
level<00:30:11.919> playing<00:30:12.159> field.<00:30:12.399> We<00:30:12.559> want<00:30:12.640> to<00:30:12.720> see
level playing field. We want to see
massive<00:30:13.360> competition.<00:30:14.159> I'll<00:30:14.399> give<00:30:14.559> you<00:30:14.720> your
massive competition. I'll give you your
flowers<00:30:15.279> and<00:30:15.440> your<00:30:15.760> lay.<00:30:16.320> You<00:30:16.559> did<00:30:16.640> a<00:30:16.799> great
flowers and your lay. You did a great
job<00:30:17.200> of<00:30:17.440> now<00:30:17.760> setting<00:30:18.080> the<00:30:18.320> table<00:30:18.559> for<00:30:18.720> this<00:30:18.960> in
job of now setting the table for this in
2026<00:30:20.000> and<00:30:20.240> 2027<00:30:20.960> going<00:30:21.200> forward<00:30:22.000> by<00:30:22.240> letting
2026 and 2027 going forward by letting
people<00:30:22.799> compete.<00:30:23.440> The<00:30:23.679> cost<00:30:23.919> of<00:30:24.080> tokens,
people compete. The cost of tokens,
Freeberg,<00:30:25.039> is<00:30:25.200> going<00:30:25.279> to<00:30:25.360> go<00:30:25.520> down<00:30:26.240> 90%<00:30:26.720> a<00:30:26.960> year
Freeberg, is going to go down 90% a year
for<00:30:27.279> the<00:30:27.440> next<00:30:27.600> 3<00:30:27.760> years.<00:30:28.240> You're<00:30:28.480> going<00:30:28.559> to<00:30:28.640> be
for the next 3 years. You're going to be
able<00:30:28.880> to<00:30:29.039> buy<00:30:29.360> a<00:30:29.600> thousand<00:30:29.919> times<00:30:30.159> as<00:30:30.399> many
able to buy a thousand times as many
tokens<00:30:31.200> that<00:30:31.440> are<00:30:31.679> more<00:30:31.919> intelligent<00:30:32.799> because
tokens that are more intelligent because
you're<00:30:33.360> going<00:30:33.440> to<00:30:33.520> have<00:30:33.840> free<00:30:34.080> options.<00:30:34.960> The
you're going to have free options. The
price<00:30:35.440> will<00:30:35.760> be<00:30:36.320> free<00:30:36.640> or<00:30:36.960> close<00:30:37.120> to<00:30:37.360> free<00:30:37.600> for
price will be free or close to free for
many<00:30:38.080> of<00:30:38.240> these<00:30:38.720> and<00:30:38.960> that<00:30:39.200> could<00:30:39.360> be
many of these and that could be
incredibly<00:30:40.159> disruptive.<00:30:40.720> Yes,<00:30:40.960> Dave.
incredibly disruptive. Yes, Dave.
>> Yeah.<00:30:42.720> And<00:30:42.960> I<00:30:43.120> think<00:30:43.279> people<00:30:43.440> are<00:30:43.600> going<00:30:43.760> to
>> Yeah. And I think people are going to
again<00:30:44.399> deploy<00:30:45.120> their<00:30:45.440> own<00:30:45.679> hardware<00:30:46.240> against
again deploy their own hardware against
it.<00:30:46.799> I<00:30:46.960> think<00:30:47.039> there's<00:30:47.279> going<00:30:47.360> to<00:30:47.440> be<00:30:47.440> a<00:30:47.600> buying
it. I think there's going to be a buying
frenzy<00:30:48.240> in<00:30:48.399> the<00:30:48.559> enterprise,<00:30:49.120> not<00:30:49.279> just<00:30:49.440> with
frenzy in the enterprise, not just with
the<00:30:49.760> Neoclouds<00:30:50.399> and<00:30:50.559> the<00:30:50.720> hyperscalers.<00:30:52.159> I
the Neoclouds and the hyperscalers. I
think<00:30:52.640> the<00:30:53.039> the<00:30:53.360> enterprise<00:30:53.840> is<00:30:54.000> going<00:30:54.080> to<00:30:54.159> be
think the the enterprise is going to be
a<00:30:54.399> buyer.<00:30:55.200> And<00:30:55.360> when<00:30:55.600> that<00:30:55.840> happens,<00:30:56.480> you<00:30:56.640> do
a buyer. And when that happens, you do
the<00:30:57.039> simple<00:30:57.279> math<00:30:57.520> and<00:30:57.760> you<00:30:57.919> don't<00:30:58.000> want<00:30:58.080> to
the simple math and you don't want to
have<00:30:58.320> a<00:30:58.480> dependency<00:30:59.279> on<00:30:59.760> server<00:31:00.159> availability
have a dependency on server availability
and<00:31:01.679> cloud<00:31:02.080> downtime<00:31:02.720> and<00:31:03.039> you<00:31:03.279> don't<00:31:03.360> want<00:31:03.440> to
and cloud downtime and you don't want to
put<00:31:03.679> these<00:31:03.919> models<00:31:04.240> on<00:31:04.480> some<00:31:04.720> third<00:31:04.960> party
put these models on some third party
cloud<00:31:06.000> and<00:31:06.240> you<00:31:06.480> want<00:31:06.559> to<00:31:06.720> do<00:31:06.960> stuff<00:31:07.120> that's
cloud and you want to do stuff that's
very<00:31:07.679> cheap.<00:31:08.000> Like<00:31:08.159> a<00:31:08.320> lot<00:31:08.399> of<00:31:08.480> people<00:31:08.640> are
very cheap. Like a lot of people are
running<00:31:09.039> I<00:31:09.200> mean<00:31:09.360> you<00:31:09.440> guys<00:31:09.600> do<00:31:09.760> this.<00:31:10.000> You're
running I mean you guys do this. You're
running<00:31:10.480> day-to-day<00:31:11.039> workflows<00:31:11.520> for<00:31:11.679> your
running day-to-day workflows for your
enterprise<00:31:13.039> and<00:31:13.279> you<00:31:13.440> realize,<00:31:13.760> hey,<00:31:14.000> I<00:31:14.080> could
enterprise and you realize, hey, I could
run<00:31:14.320> these<00:31:14.559> workflows<00:31:14.960> on<00:31:15.120> an<00:31:15.279> open<00:31:15.520> source
run these workflows on an open source
model<00:31:16.080> on<00:31:16.240> a<00:31:16.399> machine<00:31:16.640> in<00:31:16.799> my<00:31:17.039> office<00:31:17.360> and<00:31:17.600> we
model on a machine in my office and we
don't<00:31:17.919> need<00:31:18.080> to<00:31:18.240> be<00:31:18.399> sending<00:31:18.640> this<00:31:18.799> stuff<00:31:19.039> back
don't need to be sending this stuff back
to<00:31:19.440> some<00:31:20.240> fancy<00:31:20.799> scalable<00:31:21.440> cloud<00:31:21.679> service
to some fancy scalable cloud service
provider.
>> Right?<00:31:22.559> The<00:31:22.799> industry<00:31:23.120> spent<00:31:23.360> so<00:31:23.520> many<00:31:23.679> years
>> Right? The industry spent so many years
convincing<00:31:24.559> everybody<00:31:25.760> to<00:31:26.000> flip<00:31:26.320> to<00:31:26.480> the
convincing everybody to flip to the
cloud<00:31:27.279> and<00:31:28.159> the<00:31:28.480> realization<00:31:29.120> may<00:31:29.360> be<00:31:29.520> that
cloud and the realization may be that
all<00:31:30.000> this<00:31:30.240> this<00:31:30.559> idea<00:31:30.720> of<00:31:30.960> shared
all this this idea of shared
infrastructure<00:31:31.919> may<00:31:32.159> not<00:31:32.320> be<00:31:32.399> the<00:31:32.640> best<00:31:32.799> idea
infrastructure may not be the best idea
in<00:31:33.279> a<00:31:33.440> world<00:31:33.600> of<00:31:33.760> intelligence
in a world of intelligence
>> and<00:31:34.960> this<00:31:35.039> is<00:31:35.200> what<00:31:35.279> I<00:31:35.440> mean<00:31:35.520> by<00:31:35.679> like<00:31:35.840> a
>> and this is what I mean by like a
distributed<00:31:36.640> spoke<00:31:36.960> model<00:31:37.200> because<00:31:37.440> I<00:31:37.679> do
distributed spoke model because I do
think<00:31:38.000> it's<00:31:38.240> not<00:31:38.399> going<00:31:38.480> to<00:31:38.559> be<00:31:38.720> all<00:31:38.960> or<00:31:39.120> none.
think it's not going to be all or none.
And<00:31:39.519> I<00:31:39.760> think<00:31:39.840> you're<00:31:40.000> going<00:31:40.000> to<00:31:40.080> end<00:31:40.240> up<00:31:40.399> being
And I think you're going to end up being
like<00:31:40.799> 7020<00:31:41.279> 20110<00:31:42.399> in<00:31:42.640> how<00:31:42.880> you're<00:31:43.039> going<00:31:43.120> to
like 7020 20110 in how you're going to
allocate<00:31:43.760> your<00:31:44.000> resources<00:31:44.559> for<00:31:44.960> model
allocate your resources for model
inference<00:31:45.760> and<00:31:46.000> running<00:31:46.320> models.<00:31:47.039> You're
inference and running models. You're
going<00:31:47.279> to<00:31:47.440> probably<00:31:47.600> be<00:31:47.840> 70%<00:31:48.399> in<00:31:48.640> some<00:31:48.799> big
going to probably be 70% in some big
cloud.<00:31:49.679> Maybe<00:31:49.840> you'll<00:31:50.080> do<00:31:50.320> 20%<00:31:50.799> local<00:31:51.200> 10%
cloud. Maybe you'll do 20% local 10%
you'll<00:31:51.919> try<00:31:52.159> other<00:31:52.480> clouds.<00:31:53.120> You<00:31:53.279> know,
you'll try other clouds. You know,
you'll<00:31:53.600> kind<00:31:53.679> of<00:31:53.760> mix<00:31:54.080> stuff<00:31:54.240> up,<00:31:54.880> but<00:31:55.039> I<00:31:55.279> don't
you'll kind of mix stuff up, but I don't
think<00:31:55.519> you're<00:31:55.760> going<00:31:55.840> to<00:31:55.919> end<00:31:56.080> up<00:31:56.240> doing
think you're going to end up doing
things<00:31:56.640> the<00:31:56.880> way<00:31:56.960> you've<00:31:57.120> been<00:31:57.279> doing<00:31:57.360> them
things the way you've been doing them
historically.<00:31:58.080> You<00:31:58.240> you'll<00:31:58.559> very<00:31:58.799> quickly
historically. You you'll very quickly
realize<00:31:59.519> that<00:31:59.760> it's<00:32:00.080> okay<00:32:00.799> to<00:32:01.039> waste<00:32:01.360> tokens.
realize that it's okay to waste tokens.
It's<00:32:02.320> okay<00:32:02.559> to<00:32:02.799> let<00:32:02.960> your<00:32:03.200> employees<00:32:03.600> make
It's okay to let your employees make
stupid<00:32:04.240> apps<00:32:04.880> that<00:32:05.120> last<00:32:05.440> for<00:32:05.600> a<00:32:05.760> couple<00:32:05.919> weeks
stupid apps that last for a couple weeks
but<00:32:06.480> burn<00:32:06.799> through<00:32:07.679> billions<00:32:08.080> of<00:32:08.240> tokens.<00:32:09.200> If
but burn through billions of tokens. If
it's<00:32:09.919> running<00:32:10.080> on<00:32:10.240> your<00:32:10.399> own<00:32:10.559> hardware,<00:32:10.880> then
it's running on your own hardware, then
all<00:32:11.200> you're<00:32:11.279> paying<00:32:11.440> for<00:32:11.600> is<00:32:11.760> the<00:32:11.919> electricity
all you're paying for is the electricity
in<00:32:12.480> your<00:32:12.640> office<00:32:12.880> or<00:32:13.039> in<00:32:13.200> your
in your office or in your
>> what<00:32:15.120> I've<00:32:15.200> been<00:32:15.440> talking<00:32:15.679> about<00:32:15.919> here<00:32:16.159> for
>> what I've been talking about here for
like<00:32:17.600> everyone's<00:32:18.000> realizing.<00:32:19.279> Yeah.
like everyone's realizing. Yeah.
>> Like<00:32:19.919> I'm<00:32:20.080> totally<00:32:20.480> fine,<00:32:21.039> you<00:32:21.200> know,<00:32:22.080> uh<00:32:22.240> for
>> Like I'm totally fine, you know, uh for
my<00:32:22.640> kids<00:32:22.799> to<00:32:22.960> eat<00:32:23.200> sugar<00:32:23.440> if<00:32:23.600> I<00:32:23.760> don't<00:32:23.919> have<00:32:24.000> to
my kids to eat sugar if I don't have to
deal<00:32:24.320> with<00:32:24.480> them,<00:32:24.799> you<00:32:24.880> know,<00:32:25.120> like<00:32:25.360> go<00:32:25.600> ahead.
deal with them, you know, like go ahead.
>> Have<00:32:28.559> you<00:32:28.640> guys<00:32:28.880> noticed<00:32:29.200> that<00:32:30.080> like<00:32:30.240> in<00:32:30.480> the
>> Have you guys noticed that like in the
last<00:32:30.799> 3<00:32:31.039> days<00:32:32.080> we've<00:32:32.399> now<00:32:32.640> seen<00:32:32.960> other<00:32:33.200> people
last 3 days we've now seen other people
trying<00:32:33.760> to<00:32:34.159> get<00:32:34.320> their<00:32:34.559> own<00:32:34.720> lock<00:32:34.960> in?
trying to get their own lock in?
Microsoft<00:32:35.919> just<00:32:36.240> announced<00:32:37.440> a$<00:32:37.760> two<00:32:37.919> and<00:32:38.000> a
Microsoft just announced a$ two and a
half<00:32:38.399> billion<00:32:38.720> dollar<00:32:38.960> investment<00:32:39.360> to<00:32:39.600> stand
half billion dollar investment to stand
up<00:32:39.919> an<00:32:40.159> FTE<00:32:41.200> or<00:32:42.000> Amazon<00:32:42.399> is<00:32:42.559> spending<00:32:42.799> a
up an FTE or Amazon is spending a
billion<00:32:43.200> dollars
billion dollars
>> forward<00:32:43.840> deployed<00:32:44.399> engineers<00:32:44.960> for<00:32:45.120> the
>> forward deployed engineers for the
people<00:32:45.440> in<00:32:45.519> the<00:32:45.600> audience<00:32:45.840> for<00:32:46.159> deployed
people in the audience for deployed
engineers<00:32:47.360> has<00:32:47.519> one<00:32:48.080> open<00:32:48.320> AI<00:32:48.640> has<00:32:48.880> one.
engineers has one open AI has one.
>> Yeah.<00:32:49.600> And<00:32:49.760> when<00:32:49.919> they<00:32:50.080> come<00:32:50.240> knocking<00:32:50.559> Jam
>> Yeah. And when they come knocking Jam
they're<00:32:51.120> knocking<00:32:51.440> like<00:32:51.600> hey<00:32:51.840> can<00:32:51.919> I<00:32:52.080> send<00:32:52.159> my
they're knocking like hey can I send my
engineers<00:32:52.720> to<00:32:52.880> study<00:32:53.120> your<00:32:53.279> business<00:32:53.440> and<00:32:53.600> put
engineers to study your business and put
it<00:32:53.840> into<00:32:54.080> my<00:32:54.240> model?<00:32:54.480> I<00:32:54.640> mean<00:32:54.799> people<00:32:54.960> are
it into my model? I mean people are
going<00:32:55.120> to<00:32:55.200> be<00:32:55.279> slamming<00:32:55.600> the<00:32:55.840> door<00:32:56.000> on<00:32:56.159> these.
going to be slamming the door on these.
It's<00:32:56.559> like<00:32:56.640> getting<00:32:56.799> a<00:32:56.960> Jehovah's<00:32:57.440> Witness<00:32:57.679> at
It's like getting a Jehovah's Witness at
your<00:32:57.919> door.<00:32:58.159> Like<00:32:58.320> no<00:32:58.559> I<00:32:58.720> don't<00:32:58.880> want<00:32:58.960> to<00:32:59.120> be
your door. Like no I don't want to be
part<00:32:59.440> of<00:32:59.600> your<00:32:59.760> cult.<00:33:00.399> I<00:33:00.640> want<00:33:00.720> to<00:33:00.880> own<00:33:01.120> this.
part of your cult. I want to own this.
>> And<00:33:01.919> that's<00:33:02.080> what<00:33:02.240> I've<00:33:02.399> been<00:33:02.480> saying.<00:33:02.799> Just
>> And that's what I've been saying. Just
let<00:33:03.039> me<00:33:03.120> make<00:33:03.279> one<00:33:03.440> quick<00:33:03.600> point<00:33:03.760> and<00:33:04.000> I'll
let me make one quick point and I'll
hand<00:33:04.240> it<00:33:04.320> to<00:33:04.399> you<00:33:04.559> for<00:33:04.559> free<00:33:04.799> break.<00:33:05.120> This<00:33:05.279> is
hand it to you for free break. This is
what<00:33:05.519> I've<00:33:05.679> been<00:33:05.760> saying<00:33:06.000> with<00:33:06.559> when<00:33:06.720> I<00:33:06.880> when<00:33:07.039> I
what I've been saying with when I when I
was<00:33:07.279> going<00:33:07.440> on<00:33:07.600> my<00:33:07.760> open<00:33:08.000> claw<00:33:08.399> which<00:33:08.640> now<00:33:08.799> is
was going on my open claw which now is
like<00:33:09.120> Hermes<00:33:09.519> and<00:33:09.760> some<00:33:09.919> other<00:33:10.080> products.
like Hermes and some other products.
Everybody<00:33:11.840> in<00:33:12.080> your<00:33:12.240> organization<00:33:12.720> is<00:33:12.880> going
Everybody in your organization is going
to<00:33:13.039> have<00:33:13.120> a<00:33:13.360> max<00:33:13.679> studio<00:33:14.399> or<00:33:14.880> a<00:33:15.039> Dell<00:33:15.919> with<00:33:16.240> a
to have a max studio or a Dell with a
massive<00:33:16.880> amount<00:33:17.200> of<00:33:17.360> RAM<00:33:17.919> and<00:33:18.080> you're<00:33:18.320> going
massive amount of RAM and you're going
to<00:33:18.480> spend<00:33:18.720> 10<00:33:19.039> $20,000<00:33:19.919> per<00:33:20.320> employee<00:33:20.799> on
to spend 10 $20,000 per employee on
local<00:33:21.440> compute<00:33:22.240> so<00:33:22.399> that<00:33:22.640> they<00:33:22.799> can<00:33:22.960> token<00:33:23.360> max
local compute so that they can token max
to<00:33:24.080> a<00:33:24.880> maxing<00:33:25.360> level.<00:33:25.760> Who<00:33:26.000> cares<00:33:26.240> what
to a maxing level. Who cares what
they<00:33:26.559> do<00:33:26.640> on<00:33:26.799> their<00:33:27.039> local<00:33:27.279> computer?<00:33:27.760> Who
they do on their local computer? Who
cares?<00:33:28.559> Let<00:33:28.799> them<00:33:29.039> rip.<00:33:29.440> And<00:33:29.600> then<00:33:29.760> you're
cares? Let them rip. And then you're
going<00:33:29.919> to<00:33:30.080> give<00:33:30.159> them<00:33:30.320> a<00:33:30.559> laptop<00:33:31.039> that
going to give them a laptop that
connects<00:33:31.679> to<00:33:31.840> it<00:33:32.080> and<00:33:32.320> it<00:33:32.559> syncs<00:33:33.120> so<00:33:33.360> you<00:33:33.600> can
connects to it and it syncs so you can
control<00:33:34.000> it.<00:33:34.480> It's<00:33:34.799> literally<00:33:35.039> going<00:33:35.200> to<00:33:35.279> be<00:33:35.360> a
control it. It's literally going to be a
server<00:33:36.080> per<00:33:36.559> individual<00:33:37.120> in<00:33:37.360> your<00:33:37.600> company.
server per individual in your company.
That's<00:33:38.240> the<00:33:38.399> way<00:33:38.480> to<00:33:38.720> model<00:33:38.960> this<00:33:39.120> in<00:33:39.279> your
That's the way to model this in your
brain.<00:33:40.080> Everybody<00:33:40.480> has<00:33:40.640> their<00:33:40.880> own<00:33:40.960> language
brain. Everybody has their own language
model<00:33:42.000> that<00:33:42.240> they're<00:33:42.559> crafting<00:33:43.200> 100%<00:33:43.679> of<00:33:43.840> the
model that they're crafting 100% of the
time<00:33:44.080> as<00:33:44.399> they<00:33:44.640> work<00:33:44.880> and<00:33:45.120> it's<00:33:45.360> all<00:33:45.600> local<00:33:46.320> so
time as they work and it's all local so
you<00:33:46.720> don't<00:33:46.880> have<00:33:46.960> data<00:33:47.279> leaks.<00:33:47.440> Go<00:33:47.519> ahead,
you don't have data leaks. Go ahead,
Freeberg.<00:33:48.080> I'll<00:33:48.240> give<00:33:48.320> you<00:33:48.399> the<00:33:48.559> final<00:33:48.720> word.
Freeberg. I'll give you the final word.
I<00:33:50.240> mean,<00:33:50.320> I<00:33:50.559> think<00:33:50.720> one<00:33:50.960> of<00:33:51.039> the<00:33:51.279> things<00:33:51.519> that
I mean, I think one of the things that
this<00:33:52.960> reveals<00:33:53.600> quite<00:33:53.919> clearly<00:33:54.399> is<00:33:54.640> that<00:33:54.799> there
this reveals quite clearly is that there
is<00:33:55.279> no<00:33:56.559> buttered<00:33:57.279> slippery<00:33:58.000> slide<00:33:58.720> to<00:33:59.519> job
is no buttered slippery slide to job
loss.
>> I<00:34:00.880> think<00:34:01.039> everyone<00:34:01.360> is<00:34:01.600> realizing<00:34:02.159> that,<00:34:02.480> you
>> I think everyone is realizing that, you
know,
>> I<00:34:03.039> was<00:34:03.120> wondering<00:34:03.440> where<00:34:03.600> you<00:34:03.760> were<00:34:03.840> going
>> I was wondering where you were going
with<00:34:04.080> that<00:34:04.320> buttering<00:34:04.720> it<00:34:04.880> up.<00:34:05.360> So<00:34:05.519> is<00:34:05.679> Truman.
with that buttering it up. So is Truman.
>> But<00:34:07.200> I<00:34:07.440> think,<00:34:07.679> you<00:34:07.840> know,<00:34:07.919> the<00:34:08.159> idea<00:34:08.480> that
>> But I think, you know, the idea that
everyone<00:34:09.280> had<00:34:09.440> in<00:34:09.679> their<00:34:09.760> head<00:34:10.000> two<00:34:10.240> years
everyone had in their head two years
ago,<00:34:10.720> the<00:34:11.040> narrative<00:34:11.359> that<00:34:11.599> was<00:34:11.839> formed<00:34:12.079> and
ago, the narrative that was formed and
everyone<00:34:12.720> clutched<00:34:13.119> on<00:34:13.280> to,<00:34:13.440> and<00:34:13.679> by<00:34:13.760> the<00:34:13.839> way,
everyone clutched on to, and by the way,
you<00:34:14.240> will<00:34:14.399> not<00:34:14.639> see<00:34:14.800> the<00:34:15.040> media<00:34:15.440> reverse<00:34:15.839> on
you will not see the media reverse on
this<00:34:16.240> narrative.<00:34:16.960> I've<00:34:17.280> realized
this narrative. I've realized
the<00:34:19.919> importance<00:34:21.200> when<00:34:21.520> when
the importance when when
>> media
>> if<00:34:22.960> you're<00:34:23.119> a<00:34:23.359> reporter<00:34:23.919> or<00:34:24.159> you're<00:34:24.399> a
>> if you're a reporter or you're a
journalist
>> and<00:34:26.240> you<00:34:26.480> come<00:34:26.639> up<00:34:26.879> with<00:34:27.119> some<00:34:28.159> story<00:34:28.800> that
>> and you come up with some story that
says<00:34:29.520> something<00:34:30.000> that's<00:34:30.399> happening<00:34:30.720> or<00:34:30.960> is
says something that's happening or is
going<00:34:31.359> to<00:34:31.520> happen<00:34:31.679> or<00:34:31.919> has<00:34:32.159> happened<00:34:32.320> or<00:34:32.480> is
going to happen or has happened or is
about<00:34:32.800> the<00:34:32.960> future,<00:34:34.240> you<00:34:34.560> destroy<00:34:35.040> your<00:34:35.359> own
about the future, you destroy your own
credibility<00:34:36.879> if<00:34:37.200> the<00:34:37.520> narrative<00:34:38.000> shifts.<00:34:38.639> You
credibility if the narrative shifts. You
cannot<00:34:39.119> ever<00:34:39.359> let<00:34:39.520> go<00:34:39.679> of<00:34:39.760> the<00:34:39.919> narrative.<00:34:40.639> And
cannot ever let go of the narrative. And
I<00:34:41.040> think<00:34:41.200> this<00:34:41.359> is<00:34:41.520> one<00:34:41.679> of<00:34:41.679> the<00:34:41.839> things<00:34:42.000> that
I think this is one of the things that
that<00:34:42.480> we<00:34:42.639> can<00:34:42.800> kind<00:34:42.960> of<00:34:43.040> acknowledge<00:34:43.520> is<00:34:43.760> going
that we can kind of acknowledge is going
on<00:34:44.000> with<00:34:44.240> this<00:34:44.399> job<00:34:44.639> loss<00:34:44.960> narrative<00:34:45.599> problem
on with this job loss narrative problem
is<00:34:46.800> that<00:34:47.119> even<00:34:47.359> as<00:34:47.599> all<00:34:47.760> the<00:34:48.000> data<00:34:48.240> comes<00:34:48.480> out
is that even as all the data comes out
as<00:34:49.280> all<00:34:49.440> of<00:34:49.599> the<00:34:49.839> reconfiguring<00:34:50.639> of<00:34:50.800> how
as all of the reconfiguring of how
enterprises<00:34:51.520> are<00:34:51.760> using<00:34:52.000> AI<00:34:52.720> as<00:34:52.879> it's
enterprises are using AI as it's
revealing<00:34:53.599> to<00:34:53.760> all<00:34:54.000> of<00:34:54.159> them<00:34:54.560> that<00:34:54.879> they're
revealing to all of them that they're
actually<00:34:55.359> not<00:34:55.599> just<00:34:55.839> going<00:34:55.919> to<00:34:56.079> cut<00:34:56.320> cost<00:34:56.639> but
actually not just going to cut cost but
they're<00:34:56.960> going<00:34:57.040> to<00:34:57.119> grow<00:34:57.359> revenue<00:34:57.680> and<00:34:57.920> it's
they're going to grow revenue and it's
going<00:34:58.160> to<00:34:58.240> be<00:34:58.400> a<00:34:58.720> kind<00:34:58.960> of<00:34:59.119> clunky<00:34:59.520> way<00:34:59.680> of
going to be a kind of clunky way of
getting<00:35:00.000> there.<00:35:00.320> It's<00:35:00.480> not<00:35:00.640> going<00:35:00.720> to<00:35:00.800> happen
getting there. It's not going to happen
overnight.<00:35:01.520> It's<00:35:01.680> not<00:35:01.839> this<00:35:02.000> slippery<00:35:02.480> slope
overnight. It's not this slippery slope
to<00:35:03.119> job<00:35:03.359> loss<00:35:03.680> to<00:35:03.839> nealism.<00:35:04.960> Everyone's<00:35:05.440> gonna
to job loss to nealism. Everyone's gonna
kind<00:35:05.839> of<00:35:05.920> wake<00:35:06.079> up<00:35:06.160> and<00:35:06.320> be<00:35:06.480> like,<00:35:06.560> "Wait,<00:35:06.960> this
kind of wake up and be like, "Wait, this
reality<00:35:07.680> that<00:35:07.920> we<00:35:08.079> all<00:35:08.240> thought<00:35:08.320> we<00:35:08.560> were
reality that we all thought we were
living<00:35:08.800> in<00:35:08.960> is<00:35:09.200> not<00:35:09.359> really<00:35:09.520> the<00:35:09.760> reality<00:35:10.400> that
living in is not really the reality that
we<00:35:10.880> are<00:35:11.040> living<00:35:11.280> in.<00:35:11.680> We're<00:35:11.920> living<00:35:12.160> in<00:35:12.320> a
we are living in. We're living in a
reality<00:35:12.880> where<00:35:13.520> AI<00:35:13.839> is<00:35:14.000> clunky.<00:35:14.960> It<00:35:15.119> takes
reality where AI is clunky. It takes
some<00:35:15.599> putting<00:35:15.839> together.<00:35:16.720> It's<00:35:16.960> a<00:35:17.119> little
some putting together. It's a little
more<00:35:17.440> complicated<00:35:17.920> than<00:35:18.079> we<00:35:18.320> thought.<00:35:18.960> It's
more complicated than we thought. It's
definitely<00:35:19.520> going<00:35:19.680> to<00:35:19.760> deliver<00:35:20.160> value,<00:35:20.880> but
definitely going to deliver value, but
it's<00:35:21.280> not<00:35:21.440> about<00:35:21.599> just<00:35:21.839> turning<00:35:22.079> off<00:35:22.240> all<00:35:22.400> the
it's not about just turning off all the
jobs<00:35:22.800> and<00:35:23.040> letting<00:35:23.200> the<00:35:23.440> genius<00:35:23.760> AI<00:35:24.160> solve<00:35:24.400> all
jobs and letting the genius AI solve all
my<00:35:24.720> enterprise<00:35:25.119> problems<00:35:25.359> and<00:35:25.599> scale<00:35:25.839> me<00:35:26.000> into
my enterprise problems and scale me into
infinity<00:35:26.560> without<00:35:26.880> humans."<00:35:27.520> And<00:35:27.680> I<00:35:27.839> think
infinity without humans." And I think
that<00:35:28.160> that's<00:35:28.400> a<00:35:28.640> big<00:35:29.119> kind<00:35:29.280> of<00:35:29.440> narrative
that that's a big kind of narrative
shift.<00:35:30.160> And<00:35:30.320> you<00:35:30.480> will<00:35:30.640> not<00:35:30.800> see<00:35:30.960> the<00:35:31.200> media
shift. And you will not see the media
accept<00:35:32.160> that<00:35:32.400> their<00:35:32.640> narrative<00:35:33.040> is<00:35:33.200> wrong.
accept that their narrative is wrong.
Because<00:35:34.000> as<00:35:34.240> soon<00:35:34.400> as<00:35:34.560> they<00:35:34.800> have<00:35:34.960> to
Because as soon as they have to
acknowledge<00:35:35.599> that<00:35:35.839> they<00:35:36.079> were<00:35:36.240> wrong<00:35:37.280> in<00:35:37.520> what
acknowledge that they were wrong in what
they<00:35:37.839> were<00:35:38.079> saying<00:35:38.240> about<00:35:38.560> job<00:35:38.800> loss<00:35:39.119> and<00:35:39.359> all
they were saying about job loss and all
the<00:35:39.680> other<00:35:40.079> senators<00:35:40.640> and<00:35:40.880> people<00:35:41.119> that<00:35:41.280> are
the other senators and people that are
proclaiming<00:35:41.839> job<00:35:42.079> loss,<00:35:42.320> job<00:35:42.480> loss,<00:35:42.720> job
proclaiming job loss, job loss, job
loss,<00:35:43.280> by<00:35:43.520> the<00:35:43.599> way,<00:35:44.160> the<00:35:44.480> reason<00:35:44.640> they're
loss, by the way, the reason they're
making<00:35:45.040> that<00:35:45.200> proclamation<00:35:45.680> is<00:35:45.839> so<00:35:46.000> that<00:35:46.160> they
making that proclamation is so that they
can<00:35:46.400> step<00:35:46.560> in<00:35:46.720> and<00:35:46.880> control<00:35:47.200> AI<00:35:47.839> and<00:35:48.000> they<00:35:48.240> can
can step in and control AI and they can
drive<00:35:48.640> their<00:35:49.280> systems<00:35:49.680> of<00:35:49.839> socialism,<00:35:50.320> which
drive their systems of socialism, which
is<00:35:50.640> what<00:35:50.720> they're<00:35:50.880> all<00:35:51.040> looking<00:35:51.200> to<00:35:51.359> deploy.
is what they're all looking to deploy.
But<00:35:52.480> if<00:35:52.640> they<00:35:52.880> had<00:35:53.040> to<00:35:53.200> come<00:35:53.280> in<00:35:53.520> and<00:35:53.680> say,
But if they had to come in and say,
"Look,<00:35:54.079> the<00:35:54.320> data<00:35:54.640> doesn't<00:35:54.960> map<00:35:55.200> to<00:35:55.359> the
"Look, the data doesn't map to the
narrative,<00:35:56.480> their<00:35:56.800> credibility<00:35:57.280> is
narrative, their credibility is
destroyed."<00:35:57.839> So<00:35:57.920> they'll<00:35:58.160> double<00:35:58.400> down<00:35:58.560> on
destroyed." So they'll double down on
it.<00:35:59.040> and<00:35:59.200> they'll<00:35:59.440> double<00:35:59.680> down<00:35:59.839> on<00:36:00.000> it.<00:36:00.320> And
it. and they'll double down on it. And
I'm<00:36:00.720> telling<00:36:01.040> everyone<00:36:01.359> that's<00:36:01.680> listening,
I'm telling everyone that's listening,
look<00:36:02.480> at<00:36:02.640> the<00:36:03.280> data.<00:36:04.160> There<00:36:04.480> is<00:36:04.720> no<00:36:04.960> job<00:36:05.200> loss
look at the data. There is no job loss
with<00:36:05.680> AI.<00:36:06.240> It<00:36:06.400> is<00:36:06.560> an<00:36:06.800> absolute<00:36:07.440> scam<00:36:08.160> to<00:36:08.400> tell
with AI. It is an absolute scam to tell
the<00:36:08.880> world<00:36:09.280> that<00:36:09.599> AI<00:36:09.920> is<00:36:10.160> taking<00:36:10.400> away<00:36:10.640> jobs
the world that AI is taking away jobs
and<00:36:11.119> destroying<00:36:11.520> jobs<00:36:11.760> and<00:36:11.920> the<00:36:12.079> world<00:36:12.240> is
and destroying jobs and the world is
shifting.<00:36:12.960> It<00:36:13.119> is<00:36:13.280> clunky.<00:36:14.079> It<00:36:14.320> is<00:36:14.560> valuable.
shifting. It is clunky. It is valuable.
It<00:36:15.680> is<00:36:15.839> going<00:36:15.920> to<00:36:16.079> take<00:36:16.240> some<00:36:16.480> time<00:36:16.640> and<00:36:16.800> it<00:36:16.960> is
It is going to take some time and it is
going<00:36:17.119> to<00:36:17.200> create<00:36:17.440> far<00:36:17.760> more<00:36:17.920> jobs<00:36:18.160> than<00:36:18.320> it<00:36:18.480> is
going to create far more jobs than it is
destroying.
>> We're<00:36:19.839> a<00:36:20.000> bunch<00:36:20.079> of<00:36:20.240> monkeys.<00:36:20.880> We've<00:36:21.119> been
>> We're a bunch of monkeys. We've been
given<00:36:21.520> this<00:36:21.680> new<00:36:21.839> tool.<00:36:22.320> We're<00:36:22.640> going<00:36:22.720> to
given this new tool. We're going to
solve<00:36:23.119> more<00:36:23.440> problems<00:36:24.000> with<00:36:24.320> the<00:36:24.480> new<00:36:24.640> tool.
solve more problems with the new tool.
There<00:36:25.440> will<00:36:25.680> be<00:36:25.839> job<00:36:26.320> displacement.<00:36:27.119> And<00:36:27.280> the
There will be job displacement. And the
problem<00:36:27.760> is<00:36:28.160> people<00:36:28.560> do<00:36:28.880> not<00:36:29.119> understand<00:36:29.760> the
problem is people do not understand the
nuance<00:36:30.480> between<00:36:30.720> these<00:36:30.960> two<00:36:31.119> terms.<00:36:31.680> Certain
nuance between these two terms. Certain
jobs<00:36:32.320> will<00:36:32.480> be<00:36:32.640> retired<00:36:33.040> and<00:36:33.200> they're<00:36:33.440> going
jobs will be retired and they're going
to<00:36:33.599> be<00:36:33.760> retired<00:36:34.240> at<00:36:34.480> a<00:36:34.720> faster<00:36:35.040> rate<00:36:35.359> than<00:36:35.680> you
to be retired at a faster rate than you
can<00:36:36.079> imagine,<00:36:36.800> but<00:36:37.119> other<00:36:37.440> jobs<00:36:37.760> will<00:36:38.240> happen.
can imagine, but other jobs will happen.
And<00:36:38.800> you<00:36:38.960> pointed<00:36:39.280> this<00:36:39.359> out,<00:36:39.520> Shimoth.<00:36:40.000> Hey,
And you pointed this out, Shimoth. Hey,
it's<00:36:40.240> the<00:36:40.400> it's<00:36:40.640> the<00:36:40.960> most<00:36:41.440> I<00:36:41.680> don't<00:36:41.680> know<00:36:41.760> if
it's the it's the most I don't know if
you<00:36:42.000> did<00:36:42.079> it<00:36:42.240> here<00:36:42.320> or<00:36:42.560> on<00:36:42.720> your<00:36:42.960> personal
you did it here or on your personal
channel<00:36:43.839> on<00:36:44.079> YouTube,<00:36:44.400> but<00:36:44.880> you<00:36:45.040> know,<00:36:45.119> it's
channel on YouTube, but you know, it's
the<00:36:45.520> most<00:36:45.760> empowering<00:36:46.240> tool<00:36:46.480> ever.<00:36:46.800> If<00:36:46.960> you
the most empowering tool ever. If you
can<00:36:47.520> What<00:36:47.680> jobs<00:36:47.920> are<00:36:48.079> getting<00:36:48.400> replaced?
can What jobs are getting replaced?
>> I<00:36:49.200> I<00:36:49.760> challenge<00:36:50.640> very<00:36:51.280> simpl,
>> I I challenge very simpl,
>> but<00:36:52.160> you're<00:36:52.320> saying<00:36:52.560> some<00:36:52.720> of<00:36:52.800> them<00:36:52.880> are<00:36:53.040> going
>> but you're saying some of them are going
to<00:36:53.200> go<00:36:53.280> away<00:36:53.520> faster<00:36:53.760> than<00:36:53.920> you<00:36:54.160> can<00:36:54.400> see.
to go away faster than you can see.
What?<00:36:55.040> What<00:36:55.200> are<00:36:55.359> those<00:36:55.520> jobs<00:36:55.680> that<00:36:55.760> are<00:36:55.920> going
What? What are those jobs that are going
to<00:36:56.000> go<00:36:56.079> away<00:36:56.320> faster<00:36:56.560> than<00:36:56.640> you<00:36:56.800> can<00:36:56.880> see?<00:36:57.040> Cuz
to go away faster than you can see? Cuz
I'm<00:36:57.359> just<00:36:58.240> I'm<00:36:58.480> still<00:36:58.560> not<00:36:58.720> seeing<00:36:58.960> the
I'm just I'm still not seeing the
categories.
>> Totally.<00:37:00.400> Customer<00:37:00.800> support<00:37:01.200> jobs.<00:37:01.839> Those
>> Totally. Customer support jobs. Those
are<00:37:02.240> going<00:37:02.320> to<00:37:02.400> go<00:37:02.560> away<00:37:02.800> very<00:37:03.040> quickly.
are going to go away very quickly.
>> Where?<00:37:03.760> Where?<00:37:04.079> You're<00:37:04.240> just<00:37:04.400> making<00:37:04.800> up
>> Where? Where? You're just making up
cuz<00:37:05.119> it's<00:37:05.280> not<00:37:06.240> I<00:37:06.320> see<00:37:06.400> it<00:37:06.560> in<00:37:06.720> enterprises<00:37:07.280> all
cuz it's not I see it in enterprises all
the<00:37:07.599> time.
the time.
>> Where<00:37:08.720> do<00:37:08.800> you<00:37:08.960> see<00:37:09.040> it?<00:37:09.520> Show<00:37:09.760> me<00:37:09.839> the
>> Where do you see it? Show me the
customer<00:37:10.560> support<00:37:10.880> enterprise<00:37:11.599> shutdown
customer support enterprise shutdown
that's<00:37:12.320> happening.<00:37:12.640> Just<00:37:12.800> show<00:37:13.040> it<00:37:13.119> to<00:37:13.280> me.
that's happening. Just show it to me.
>> Is<00:37:14.240> it<00:37:14.320> in<00:37:14.480> the<00:37:14.560> room<00:37:14.720> with<00:37:14.880> us<00:37:15.040> right<00:37:15.200> now?
>> Is it in the room with us right now?
Like<00:37:15.599> where<00:37:15.760> is<00:37:15.920> it?<00:37:16.640> I<00:37:16.800> will<00:37:17.200> literally,<00:37:18.000> you
Like where is it? I will literally, you
know,<00:37:18.320> I'll<00:37:18.480> I'll<00:37:18.640> do<00:37:18.800> that<00:37:18.960> research<00:37:19.200> and<00:37:19.440> and
know, I'll I'll do that research and and
I'll<00:37:19.760> give<00:37:19.839> it<00:37:19.920> to<00:37:20.000> you.
I'll give it to you.
>> I'll<00:37:20.800> give<00:37:20.880> you<00:37:21.040> some<00:37:21.200> research.<00:37:21.599> Hold<00:37:21.760> on.
>> I'll give you some research. Hold on.
Can<00:37:22.320> I<00:37:22.480> can<00:37:22.640> I<00:37:22.800> provide<00:37:23.040> some<00:37:23.200> research?
Can I can I provide some research?
He<00:37:24.560> asked<00:37:24.720> me<00:37:24.800> a<00:37:24.960> question.<00:37:25.280> Just<00:37:25.440> let<00:37:25.599> me
He asked me a question. Just let me
finish<00:37:26.000> my<00:37:26.320> answer<00:37:26.480> and<00:37:26.720> then<00:37:26.880> you<00:37:26.960> can<00:37:27.040> take
finish my answer and then you can take
it.<00:37:27.680> You<00:37:27.920> asked<00:37:28.079> me<00:37:28.240> the<00:37:28.400> question.<00:37:29.200> Customer
it. You asked me the question. Customer
service<00:37:29.920> jobs<00:37:30.400> are<00:37:30.720> going<00:37:30.880> to<00:37:31.119> go<00:37:31.440> away
service jobs are going to go away
because<00:37:32.160> consumers<00:37:32.800> prefer<00:37:33.119> to<00:37:33.359> talk<00:37:33.520> to<00:37:33.680> the
because consumers prefer to talk to the
AI<00:37:34.160> and<00:37:34.400> it's<00:37:34.640> perfect<00:37:34.880> at<00:37:35.200> that.<00:37:35.760> Entrylevel
AI and it's perfect at that. Entrylevel
jobs<00:37:36.800> around<00:37:37.200> data<00:37:37.520> entry<00:37:38.079> around<00:37:38.800> business
jobs around data entry around business
process<00:37:39.599> outsourcing<00:37:40.160> those<00:37:40.320> are<00:37:40.400> going<00:37:40.480> to
process outsourcing those are going to
go<00:37:40.640> away.<00:37:40.880> So<00:37:41.119> will<00:37:41.440> driving<00:37:41.920> cabs<00:37:42.560> and<00:37:42.800> those
go away. So will driving cabs and those
kind<00:37:43.119> of<00:37:43.200> jobs.<00:37:43.520> Those<00:37:43.680> ones<00:37:43.920> are<00:37:44.160> obvious
kind of jobs. Those ones are obvious
lowhanging<00:37:45.119> fruit.<00:37:45.760> Just<00:37:46.000> like<00:37:46.160> we<00:37:46.320> had<00:37:46.480> the
lowhanging fruit. Just like we had the
typing<00:37:47.040> pool<00:37:47.359> and<00:37:47.760> messengers<00:37:48.640> and<00:37:48.960> other
typing pool and messengers and other
products<00:37:49.520> go<00:37:49.680> away<00:37:50.240> when<00:37:50.560> we<00:37:50.640> had<00:37:50.880> word
products go away when we had word
processors<00:37:51.599> on<00:37:51.839> every<00:37:52.000> desk.<00:37:52.320> Those<00:37:52.720> jobs
processors on every desk. Those jobs
will<00:37:53.440> be<00:37:53.680> displaced<00:37:54.240> 100%.<00:37:54.720> And<00:37:54.960> those<00:37:55.119> jobs
will be displaced 100%. And those jobs
>> year<00:37:56.000> we're<00:37:56.160> on<00:37:56.240> year<00:37:56.560> 20<00:37:56.720> of<00:37:56.960> cab<00:37:57.200> drivers
>> year we're on year 20 of cab drivers
going<00:37:57.760> away,<00:37:58.000> dude.<00:37:58.320> Like<00:37:58.640> when<00:37:58.880> Uber<00:37:59.280> came
going away, dude. Like when Uber came
out,<00:37:59.680> everyone<00:37:59.920> said<00:38:00.079> all<00:38:00.240> the<00:38:00.400> driving<00:38:00.640> jobs
out, everyone said all the driving jobs
were<00:38:01.040> going<00:38:01.040> to<00:38:01.119> go<00:38:01.280> away.<00:38:01.440> It's<00:38:01.680> all<00:38:01.839> over.
were going to go away. It's all over.
>> Well,<00:38:02.880> no.<00:38:03.920> Whimo<00:38:04.320> is<00:38:04.480> stuck<00:38:04.640> at<00:38:04.800> 3,000.
>> Well, no. Whimo is stuck at 3,000.
Tesla's<00:38:05.920> stuck<00:38:06.160> at<00:38:06.320> like<00:38:06.800> 30<00:38:07.280> cars.<00:38:07.920> But
Tesla's stuck at like 30 cars. But
that's<00:38:08.400> all<00:38:08.640> going<00:38:08.800> to<00:38:08.960> change<00:38:09.280> in<00:38:09.599> the<00:38:09.760> very
that's all going to change in the very
near<00:38:10.320> future.
near future.
>> Everything<00:38:11.599> you're<00:38:11.839> saying<00:38:12.079> is<00:38:12.320> perspective.
>> Everything you're saying is perspective.
This<00:38:13.119> is<00:38:13.280> my<00:38:13.440> point.<00:38:13.920> You<00:38:14.160> are<00:38:14.320> still<00:38:14.480> being
This is my point. You are still being
perspective<00:38:15.440> in<00:38:15.599> the<00:38:15.760> future<00:38:16.240> with
perspective in the future with
everything<00:38:16.880> you're<00:38:17.119> saying.<00:38:17.680> And<00:38:18.000> every
everything you're saying. And every
point<00:38:18.800> that<00:38:19.119> we<00:38:19.359> turn,<00:38:20.000> every<00:38:20.240> time<00:38:20.400> we<00:38:20.560> turn<00:38:20.720> a
point that we turn, every time we turn a
page,<00:38:21.040> it's<00:38:21.200> like,<00:38:21.359> wait,<00:38:21.599> do<00:38:21.680> you<00:38:22.079> happen<00:38:22.320> to
page, it's like, wait, do you happen to
think<00:38:23.200> self-driving<00:38:23.760> is<00:38:24.000> real?<00:38:24.240> Is<00:38:24.400> that<00:38:24.560> your
think self-driving is real? Is that your
premise?<00:38:25.040> Is<00:38:25.200> that<00:38:25.359> self-driving<00:38:25.760> is<00:38:25.920> not
premise? Is that self-driving is not
going<00:38:26.079> to<00:38:26.160> get<00:38:26.240> rid<00:38:26.320> of<00:38:26.400> cab<00:38:26.640> drivers?<00:38:26.800> Is<00:38:26.880> that
going to get rid of cab drivers? Is that
your<00:38:27.119> premise?
your premise?
>> I<00:38:27.440> think<00:38:27.520> it's<00:38:27.680> real,<00:38:27.760> but<00:38:28.400> like<00:38:28.480> like<00:38:29.280> I<00:38:29.440> think
>> I think it's real, but like like I think
it's<00:38:29.760> real<00:38:30.079> for<00:38:30.240> sure.
it's real for sure.
>> Do<00:38:30.640> you<00:38:30.720> think<00:38:30.800> it<00:38:30.960> will<00:38:31.119> get<00:38:31.200> rid<00:38:31.359> of<00:38:31.440> cab
>> Do you think it will get rid of cab
drivers?<00:38:32.160> You're<00:38:32.400> arguing<00:38:32.720> as<00:38:32.960> if<00:38:33.359> like<00:38:33.599> I'm
drivers? You're arguing as if like I'm
wrong<00:38:34.000> here,<00:38:34.240> but<00:38:34.480> I<00:38:34.640> think<00:38:35.680> that<00:38:35.920> every<00:38:36.079> day<00:38:36.560> I
wrong here, but I think that every day I
get<00:38:36.800> in<00:38:36.960> the<00:38:37.040> car<00:38:37.280> every<00:38:37.520> day<00:38:37.839> and<00:38:38.079> my<00:38:38.240> car
get in the car every day and my car
drives<00:38:38.800> me<00:38:39.359> and<00:38:39.520> I<00:38:39.680> get<00:38:39.839> on<00:38:40.000> my<00:38:40.079> phone<00:38:40.160> and<00:38:40.320> I<00:38:40.480> do
drives me and I get on my phone and I do
work.
>> Okay.<00:38:41.359> But<00:38:41.599> do<00:38:41.680> you<00:38:41.839> think<00:38:42.000> cabs<00:38:42.480> and<00:38:42.560> cities
>> Okay. But do you think cabs and cities
are<00:38:43.280> not<00:38:43.520> going<00:38:43.839> to<00:38:44.000> be<00:38:44.160> self-driving?<00:38:44.800> Do<00:38:44.880> you
are not going to be self-driving? Do you
think<00:38:45.200> zipline's<00:38:45.760> not<00:38:45.920> going<00:38:46.000> to<00:38:46.079> deliver?
think zipline's not going to deliver?
Bailey<00:38:47.520> thing<00:38:47.680> again.<00:38:48.000> Jal,
Bailey thing again. Jal,
>> it's<00:38:48.720> not<00:38:48.880> Mont<00:38:49.119> belly.<00:38:49.440> I<00:38:49.599> see<00:38:49.760> this<00:38:49.920> from<00:38:50.079> my
>> it's not Mont belly. I see this from my
investments.<00:38:50.640> I<00:38:50.800> have<00:38:50.880> a<00:38:51.040> company<00:38:51.359> auto<00:38:51.680> lane
investments. I have a company auto lane
that<00:38:52.400> is<00:38:52.640> doing<00:38:52.880> this<00:38:53.119> right<00:38:53.359> now.
that is doing this right now.
>> But<00:38:54.000> just<00:38:54.160> go<00:38:54.240> to<00:38:54.400> customer<00:38:54.800> support<00:38:55.119> again
>> But just go to customer support again
cuz<00:38:55.520> you've<00:38:55.760> been<00:38:55.839> saying<00:38:56.079> Yeah.
cuz you've been saying Yeah.
>> I<00:38:56.560> literally<00:38:56.800> we've<00:38:57.040> had<00:38:57.119> this<00:38:57.359> debate
>> I literally we've had this debate
verbatim<00:38:58.400> and
verbatim and
>> displacement<00:38:59.839> not<00:39:00.079> job<00:39:00.320> loss<00:39:00.560> is<00:39:00.800> is<00:39:00.960> my<00:39:01.119> only
>> displacement not job loss is is my only
point.
>> Yeah.<00:39:01.839> Yeah.<00:39:02.000> Yeah.<00:39:02.160> Yeah.<00:39:02.320> What<00:39:02.480> Freeberg<00:39:02.880> is
>> Yeah. Yeah. Yeah. Yeah. What Freeberg is
pointing<00:39:03.359> out<00:39:04.079> is<00:39:04.320> that<00:39:04.560> whenever<00:39:04.960> anyone
pointing out is that whenever anyone
pushes<00:39:05.760> back<00:39:06.320> on<00:39:06.560> the<00:39:06.720> fact<00:39:06.800> that<00:39:06.960> you<00:39:07.119> don't
pushes back on the fact that you don't
have<00:39:07.280> any<00:39:07.520> data<00:39:07.680> to<00:39:07.920> support<00:39:08.160> this<00:39:08.480> in<00:39:08.720> the
have any data to support this in the
present,<00:39:09.599> you<00:39:09.839> say<00:39:10.000> you're<00:39:10.240> talking<00:39:10.400> about
present, you say you're talking about
the<00:39:10.800> future.<00:39:11.200> Okay,<00:39:11.520> fine.<00:39:11.920> It's<00:39:12.160> a
the future. Okay, fine. It's a
prediction.<00:39:13.359> You<00:39:13.440> know,<00:39:13.599> there's<00:39:13.839> no<00:39:14.000> data<00:39:14.160> to
prediction. You know, there's no data to
support<00:39:14.640> it<00:39:14.800> in<00:39:15.040> the<00:39:15.200> present.<00:39:15.599> That's<00:39:15.839> fine.
support it in the present. That's fine.
You're<00:39:16.640> saying<00:39:16.720> it's<00:39:16.880> gonna<00:39:17.119> happen<00:39:17.200> in<00:39:17.359> the
You're saying it's gonna happen in the
future?
>> No,<00:39:17.920> no.<00:39:18.000> I'll<00:39:18.160> give<00:39:18.240> you<00:39:18.240> the<00:39:18.400> data<00:39:18.640> point.
>> No, no. I'll give you the data point.
>> You<00:39:19.440> can<00:39:19.520> dismiss<00:39:19.920> I<00:39:20.000> want.<00:39:20.160> I<00:39:20.320> will.<00:39:20.560> Yes.<00:39:20.720> If
>> You can dismiss I want. I will. Yes. If
you<00:39:20.960> talk<00:39:21.119> to<00:39:21.200> Uber<00:39:21.520> and<00:39:21.680> Whimo,<00:39:22.480> in<00:39:22.720> the
you talk to Uber and Whimo, in the
cities<00:39:23.119> where<00:39:23.359> Whimo<00:39:23.839> is<00:39:24.000> present<00:39:24.240> and<00:39:24.480> has
cities where Whimo is present and has
gotten<00:39:24.880> past<00:39:25.040> a<00:39:25.200> couple<00:39:25.359> hundred<00:39:25.599> cars,
gotten past a couple hundred cars,
they've<00:39:26.160> stopped<00:39:26.400> recruiting<00:39:26.880> drivers.
they've stopped recruiting drivers.
Drivers<00:39:28.240> are<00:39:28.560> either<00:39:28.960> static<00:39:29.280> or<00:39:29.599> going<00:39:29.839> down
Drivers are either static or going down
in<00:39:30.400> those<00:39:30.640> markets.<00:39:31.280> So<00:39:31.520> that<00:39:31.760> is<00:39:32.079> absolute
in those markets. So that is absolute
evidence<00:39:32.960> that<00:39:33.119> this<00:39:33.280> is<00:39:33.440> happening<00:39:33.760> and<00:39:34.000> the
evidence that this is happening and the
roll<00:39:34.320> out<00:39:34.560> is<00:39:34.720> going<00:39:34.800> to<00:39:34.880> be<00:39:34.960> fast<00:39:35.200> and
roll out is going to be fast and
furious.<00:39:35.760> So<00:39:35.839> it<00:39:36.079> is<00:39:36.160> not<00:39:36.320> a<00:39:36.480> future
furious. So it is not a future
prediction.<00:39:37.280> You<00:39:37.440> can<00:39:37.520> talk<00:39:37.680> to<00:39:37.839> the<00:39:37.920> CEO<00:39:38.160> of
prediction. You can talk to the CEO of
Whimo.<00:39:38.640> You<00:39:38.720> can<00:39:38.800> talk<00:39:38.880> to<00:39:38.960> the<00:39:39.040> CEO<00:39:39.200> of<00:39:39.359> Lyft
Whimo. You can talk to the CEO of Lyft
and<00:39:39.760> Uber<00:39:40.000> and<00:39:40.240> they<00:39:40.400> will<00:39:40.480> tell<00:39:40.560> you<00:39:40.720> this
and Uber and they will tell you this
explicitly.<00:39:41.920> Market
explicitly. Market
interview<00:39:43.920> Darren.<00:39:44.320> He<00:39:44.480> said<00:39:44.640> jobs<00:39:44.880> were
interview Darren. He said jobs were
increasing<00:39:45.440> at<00:39:45.599> Uber.
increasing at Uber.
>> Yeah,<00:39:46.720> cuz<00:39:47.200> you're<00:39:47.599> delivering<00:39:48.000> more<00:39:48.480> like
>> Yeah, cuz you're delivering more like
those<00:39:49.040> because<00:39:49.440> productivity<00:39:49.920> is<00:39:50.160> going<00:39:50.320> up
those because productivity is going up
with<00:39:50.640> with<00:39:50.960> delivery.<00:39:51.440> Productivity<00:39:51.839> goes<00:39:52.000> up
with with delivery. Productivity goes up
means<00:39:52.960> people<00:39:53.200> drive<00:39:53.440> more%<00:39:54.480> lying.<00:39:55.200> You're
means people drive more% lying. You're
being<00:39:55.520> dis<00:39:55.920> you're<00:39:56.079> being<00:39:56.480> last<00:39:56.640> time<00:39:56.720> we<00:39:56.960> no
being dis you're being last time we no
the<00:39:57.440> last<00:39:57.520> time<00:39:57.680> we<00:39:58.160> disingenuous
the last time we disingenuous
in<00:40:00.960> markets<00:40:01.200> where<00:40:01.440> Whimo<00:40:01.920> is<00:40:02.480> in<00:40:02.720> markets
in markets where Whimo is in markets
where<00:40:03.280> Whimo<00:40:03.760> is<00:40:04.000> you're<00:40:04.160> you're<00:40:05.040> there<00:40:05.280> might
where Whimo is you're you're there might
be<00:40:05.599> other<00:40:05.920> markets<00:40:06.160> where<00:40:06.400> things<00:40:06.640> are
be other markets where things are
growing<00:40:07.040> because<00:40:07.280> they<00:40:07.440> don't<00:40:07.599> allow
growing because they don't allow
self-driving<00:40:08.400> or<00:40:08.640> they<00:40:08.800> haven't<00:40:09.040> gotten
self-driving or they haven't gotten
there<00:40:09.440> yet.<00:40:09.680> In<00:40:10.000> markets<00:40:10.240> where<00:40:10.480> Whimo<00:40:10.880> has
there yet. In markets where Whimo has
hit<00:40:11.200> critical<00:40:11.520> mass,<00:40:12.079> the<00:40:12.320> number<00:40:12.480> of<00:40:12.800> human
hit critical mass, the number of human
drivers<00:40:13.440> is<00:40:13.680> going<00:40:13.760> down.<00:40:14.000> This<00:40:14.160> is<00:40:14.240> just<00:40:14.320> a
drivers is going down. This is just a
fact.
Stop<00:40:16.160> recruiting<00:40:16.480> in<00:40:16.640> some<00:40:16.800> narrow
Stop recruiting in some narrow
arbitrarily<00:40:18.160> defined<00:40:18.560> subset<00:40:19.040> of<00:40:19.280> their
arbitrarily defined subset of their
jobs.<00:40:19.839> You're<00:40:20.079> pointing<00:40:20.320> to<00:40:20.880> flatness.
jobs. You're pointing to flatness.
>> Meanwhile,<00:40:22.560> Dar<00:40:23.040> told<00:40:23.359> us<00:40:23.839> that<00:40:24.160> hiring<00:40:24.560> a
>> Meanwhile, Dar told us that hiring a
cost<00:40:24.960> of<00:40:25.040> the<00:40:25.280> company<00:40:25.440> has<00:40:25.680> gone<00:40:25.839> up<00:40:26.079> in<00:40:26.240> the
cost of the company has gone up in the
face<00:40:27.200> of<00:40:27.280> these<00:40:27.920> drivers.
face of these drivers.
>> No,<00:40:29.040> no,<00:40:29.280> you're<00:40:29.520> wrong.<00:40:30.079> Okay.<00:40:30.320> Anyway,<00:40:30.880> we
>> No, no, you're wrong. Okay. Anyway, we
we'll<00:40:31.359> agree<00:40:31.520> to<00:40:31.680> disagree<00:40:32.000> here.
we'll agree to disagree here.
>> Let<00:40:32.560> me<00:40:32.720> give<00:40:32.800> you<00:40:32.960> some<00:40:33.119> actual<00:40:33.440> data.<00:40:33.839> Can<00:40:34.079> I
>> Let me give you some actual data. Can I
provide<00:40:34.560> us<00:40:34.800> this<00:40:35.119> study?<00:40:35.599> So,<00:40:35.920> RAMP<00:40:36.320> and
provide us this study? So, RAMP and
Rellio<00:40:37.119> Labs<00:40:37.520> just<00:40:37.760> released<00:40:38.160> a<00:40:38.400> new<00:40:38.560> study<00:40:39.040> in
Rellio Labs just released a new study in
the<00:40:39.359> past<00:40:39.599> week.
the past week.
>> Yeah,<00:40:40.079> that<00:40:40.320> was<00:40:40.400> great.
>> Yeah, that was great.
>> And<00:40:41.599> it<00:40:41.839> was<00:40:42.000> an<00:40:42.240> actual<00:40:42.560> study<00:40:42.880> of<00:40:43.200> over
>> And it was an actual study of over
21,000<00:40:44.240> firms<00:40:44.640> in<00:40:44.880> the<00:40:45.040> US<00:40:45.359> and<00:40:45.599> they<00:40:45.839> looked
21,000 firms in the US and they looked
at<00:40:46.640> their<00:40:47.839> payroll<00:40:48.320> data<00:40:48.640> combined<00:40:49.119> with
at their payroll data combined with
their<00:40:49.680> spending<00:40:50.240> on<00:40:50.640> AI.<00:40:51.200> And<00:40:51.359> what<00:40:51.520> they<00:40:51.760> saw
their spending on AI. And what they saw
is<00:40:52.640> that<00:40:52.960> firms<00:40:53.359> that<00:40:53.680> spent<00:40:54.000> the<00:40:54.160> most<00:40:54.320> on<00:40:54.640> AI
is that firms that spent the most on AI
actually<00:40:55.839> grew<00:40:56.160> the<00:40:56.400> fastest<00:40:57.200> and<00:40:57.359> they
actually grew the fastest and they
tended<00:40:57.920> to<00:40:58.079> grow<00:40:58.880> their<00:40:59.200> headcount<00:40:59.680> roughly
tended to grow their headcount roughly
10%<00:41:01.280> in<00:41:01.599> the<00:41:01.760> two<00:41:02.000> years<00:41:02.319> following<00:41:03.040> the
10% in the two years following the
adoption<00:41:04.079> of<00:41:04.560> AI.<00:41:05.359> And<00:41:05.599> entry<00:41:06.000> level
adoption of AI. And entry level
headcount<00:41:06.720> rose<00:41:07.040> even<00:41:07.359> faster,<00:41:07.760> it<00:41:08.000> grew<00:41:08.240> at
headcount rose even faster, it grew at
12%.<00:41:09.599> So<00:41:09.839> all<00:41:10.079> this<00:41:10.319> stuff<00:41:10.480> about<00:41:10.800> how<00:41:11.040> entry-
12%. So all this stuff about how entry-
level<00:41:11.599> headcount's<00:41:12.000> going<00:41:12.079> to<00:41:12.240> get<00:41:12.319> wiped
level headcount's going to get wiped
out,<00:41:13.040> not<00:41:13.280> true.<00:41:13.839> The<00:41:14.079> more<00:41:14.720> firms<00:41:15.119> adopted
out, not true. The more firms adopted
AI,<00:41:16.079> the<00:41:16.240> more<00:41:16.480> hiring<00:41:16.800> they<00:41:16.960> did.<00:41:17.200> At<00:41:17.200> least
AI, the more hiring they did. At least
that<00:41:17.680> was<00:41:17.760> a<00:41:18.000> correlation.<00:41:18.880> Obviously,<00:41:19.440> they
that was a correlation. Obviously, they
can't<00:41:19.839> prove<00:41:20.079> causation,<00:41:21.119> but<00:41:21.359> that<00:41:21.599> was<00:41:21.680> the
can't prove causation, but that was the
correlation.<00:41:22.560> And<00:41:22.720> then<00:41:22.960> companies<00:41:23.920> that
correlation. And then companies that
were<00:41:24.800> not<00:41:25.280> highintensity<00:41:26.000> adopters<00:41:26.480> of<00:41:26.640> AI,
were not highintensity adopters of AI,
they<00:41:27.280> were<00:41:27.440> either<00:41:27.760> didn't<00:41:28.079> adopt<00:41:28.319> or<00:41:28.560> they
they were either didn't adopt or they
were<00:41:28.800> low<00:41:29.280> intensity<00:41:29.920> adopters,<00:41:30.640> they<00:41:30.880> just
were low intensity adopters, they just
saw<00:41:31.200> flatness<00:41:31.760> in<00:41:31.920> their<00:41:32.079> headcount.<00:41:33.040> So,<00:41:33.440> no
saw flatness in their headcount. So, no
one<00:41:33.920> is<00:41:34.240> really<00:41:34.480> showing<00:41:34.720> a<00:41:34.960> trend<00:41:35.200> here<00:41:35.520> of
one is really showing a trend here of
job<00:41:36.800> loss.<00:41:37.200> What<00:41:37.359> they're<00:41:37.520> showing<00:41:37.760> is<00:41:37.920> that
job loss. What they're showing is that
the<00:41:38.319> more<00:41:38.400> you<00:41:38.560> adopt<00:41:38.880> AI,<00:41:39.760> those<00:41:40.079> companies
the more you adopt AI, those companies
also<00:41:40.800> tend<00:41:41.040> to<00:41:41.200> grow<00:41:41.760> headcount.<00:41:43.200> So<00:41:43.440> I<00:41:43.760> you
also tend to grow headcount. So I you
know<00:41:44.079> there's<00:41:44.319> just<00:41:44.640> no<00:41:44.880> data<00:41:45.280> to<00:41:45.599> support
know there's just no data to support
this<00:41:46.160> idea<00:41:46.960> that<00:41:47.280> in<00:41:47.520> the<00:41:47.680> present<00:41:48.480> AI<00:41:48.800> is
this idea that in the present AI is
causing<00:41:49.280> job<00:41:49.520> loss.
causing job loss.
>> Job<00:41:50.079> displacement<00:41:50.640> will<00:41:50.880> happen.<00:41:51.599> Jobs<00:41:52.160> will
>> Job displacement will happen. Jobs will
increase<00:41:52.800> because<00:41:53.040> of<00:41:53.200> AI.<00:41:53.760> Sovereignty<00:41:54.160> will
increase because of AI. Sovereignty will
increase<00:41:54.880> and<00:41:55.119> people<00:41:55.359> will<00:41:55.599> make<00:41:55.760> more
increase and people will make more
money.<00:41:56.319> Corporations<00:41:56.880> will<00:41:57.040> be<00:41:57.200> more<00:41:57.520> will
money. Corporations will be more will
have<00:41:57.839> more<00:41:58.000> earnings.<00:41:58.480> But<00:41:58.640> there<00:41:58.880> will<00:41:59.040> be
have more earnings. But there will be
jobs<00:41:59.839> being<00:42:00.160> retired.<00:42:00.960> And<00:42:01.200> I<00:42:01.440> think<00:42:01.599> if<00:42:01.839> you
jobs being retired. And I think if you
look<00:42:02.160> at<00:42:02.720> translators,<00:42:03.920> if<00:42:04.160> you<00:42:04.400> look<00:42:04.560> at
look at translators, if you look at
telephone<00:42:05.920> operators,<00:42:06.640> if<00:42:06.800> you<00:42:06.880> look<00:42:06.960> at<00:42:07.119> bill
telephone operators, if you look at bill
collectors,<00:42:08.000> if<00:42:08.160> you<00:42:08.319> look<00:42:08.480> at<00:42:08.880> Whimo
collectors, if you look at Whimo
drivers,<00:42:09.680> these<00:42:09.920> very<00:42:10.160> simple<00:42:10.400> tasks<00:42:10.720> are
drivers, these very simple tasks are
being<00:42:11.200> automated.<00:42:11.599> How<00:42:11.920> do<00:42:12.079> I<00:42:12.319> know<00:42:12.480> that?
being automated. How do I know that?
Because<00:42:13.200> I<00:42:13.440> invest<00:42:13.760> in<00:42:13.920> startups<00:42:14.560> that<00:42:15.119> are
Because I invest in startups that are
raising<00:42:16.160> hundreds<00:42:16.640> of<00:42:16.880> millions<00:42:17.119> of<00:42:17.359> dollars
raising hundreds of millions of dollars
to<00:42:18.640> replace<00:42:19.040> these<00:42:19.359> jobs<00:42:19.599> with<00:42:19.839> AI.<00:42:20.560> We<00:42:20.800> had
to replace these jobs with AI. We had
the<00:42:21.599> pilot<00:42:22.880> uh<00:42:23.280> we<00:42:23.440> we<00:42:23.760> had<00:42:24.000> people<00:42:24.319> building
the pilot uh we we had people building
the<00:42:25.040> perfect<00:42:25.280> pilot,<00:42:25.760> the<00:42:25.920> perfect<00:42:26.160> driver,
the perfect pilot, the perfect driver,
the<00:42:26.720> perfect<00:42:26.960> customer<00:42:27.280> support<00:42:27.520> rep.<00:42:27.839> That
the perfect customer support rep. That
is<00:42:28.160> the<00:42:28.480> point<00:42:28.640> of<00:42:28.800> AI.<00:42:29.440> Every<00:42:29.760> single<00:42:30.079> sales
is the point of AI. Every single sales
pitch<00:42:30.640> of<00:42:30.800> these<00:42:31.040> AI<00:42:31.359> companies<00:42:31.920> is<00:42:32.160> to<00:42:32.960> retire
pitch of these AI companies is to retire
these<00:42:34.000> jobs<00:42:34.319> that<00:42:34.720> are<00:42:35.119> not<00:42:35.440> great<00:42:35.760> jobs.
these jobs that are not great jobs.
There<00:42:36.560> is<00:42:36.880> no<00:42:37.119> way<00:42:37.280> in<00:42:37.520> God's<00:42:37.839> green<00:42:38.000> earth
There is no way in God's green earth
that<00:42:38.800> humans<00:42:39.200> will<00:42:39.440> be<00:42:39.599> at<00:42:39.839> Amazon<00:42:40.800> sorting
that humans will be at Amazon sorting
packages.<00:42:42.160> There's<00:42:42.480> not.<00:42:42.720> It's<00:42:43.040> not<00:42:43.200> going<00:42:43.280> to
packages. There's not. It's not going to
happen.<00:42:43.839> All<00:42:44.000> those<00:42:44.240> factory<00:42:44.640> jobs<00:42:45.040> are<00:42:45.280> being
happen. All those factory jobs are being
replaced.<00:42:45.920> Elon<00:42:46.400> is<00:42:46.720> explicitly<00:42:47.599> building
replaced. Elon is explicitly building
Optimus<00:42:48.400> for<00:42:48.560> this<00:42:48.720> purpose.<00:42:48.960> And<00:42:49.119> when<00:42:49.280> I<00:42:49.359> say
Optimus for this purpose. And when I say
it's<00:42:49.760> future,<00:42:50.240> I<00:42:50.400> have<00:42:50.560> always<00:42:50.880> contended
it's future, I have always contended
it's<00:42:51.440> future.<00:42:51.680> Sachs,<00:42:52.079> you<00:42:52.240> cannot<00:42:52.640> use<00:42:52.880> your
it's future. Sachs, you cannot use your
silly<00:42:53.440> debate<00:42:53.760> techniques<00:42:54.720> to<00:42:54.880> say<00:42:54.960> that<00:42:55.119> I'm
silly debate techniques to say that I'm
using<00:42:56.079> some<00:42:56.319> crazy<00:42:56.560> thing.<00:42:56.800> It<00:42:57.040> is<00:42:57.280> happening
using some crazy thing. It is happening
as<00:42:57.839> we<00:42:58.079> speak.<00:42:58.319> We're<00:42:58.480> soaking<00:42:58.720> in<00:42:58.880> it.<00:42:59.119> This
as we speak. We're soaking in it. This
is<00:42:59.520> the<00:42:59.839> transition<00:43:00.560> period.
is the transition period.
What<00:43:02.240> I'll<00:43:02.480> tell<00:43:02.560> you<00:43:02.640> is<00:43:02.800> that<00:43:03.040> in<00:43:03.280> every
What I'll tell you is that in every
environment<00:43:05.359> in<00:43:05.599> which<00:43:06.319> 8090<00:43:07.119> operates,
environment in which 8090 operates,
every<00:43:08.000> customer,<00:43:08.480> I<00:43:08.720> don't<00:43:08.880> think<00:43:08.960> we've<00:43:09.200> seen
every customer, I don't think we've seen
layoffs.<00:43:10.640> Not<00:43:10.800> a<00:43:11.040> single<00:43:11.280> one.
layoffs. Not a single one.
>> Yeah.<00:43:12.160> In<00:43:12.319> this<00:43:12.480> in<00:43:12.720> this<00:43:12.800> RAM<00:43:13.200> card<00:43:13.520> study,
>> Yeah. In this in this RAM card study,
they<00:43:14.319> said,<00:43:14.720> quote,<00:43:14.960> "Gains<00:43:15.599> emerge
they said, quote, "Gains emerge
gradually<00:43:16.400> and<00:43:16.640> are<00:43:16.880> broad<00:43:17.200> across<00:43:17.599> roles,
gradually and are broad across roles,
including<00:43:18.560> engineering,<00:43:19.119> sales,
including engineering, sales,
administration,<00:43:20.000> and<00:43:20.240> customer<00:43:20.640> service.
administration, and customer service.
So,<00:43:21.680> they're<00:43:22.000> not<00:43:22.160> seeing<00:43:22.400> like<00:43:22.720> one<00:43:22.960> category
So, they're not seeing like one category
of<00:43:23.520> jobs<00:43:23.760> getting<00:43:24.000> wiped<00:43:24.319> out."<00:43:24.800> By<00:43:24.960> the<00:43:25.119> way,
of jobs getting wiped out." By the way,
it<00:43:25.599> could<00:43:25.839> happen<00:43:26.079> in<00:43:26.240> the<00:43:26.400> future.<00:43:27.040> I<00:43:27.280> mean,
it could happen in the future. I mean,
none<00:43:27.599> of<00:43:27.680> us<00:43:27.839> can<00:43:28.000> say<00:43:28.160> for<00:43:28.400> sure<00:43:28.640> what's<00:43:28.960> going
none of us can say for sure what's going
to<00:43:29.119> happen<00:43:29.280> in<00:43:29.520> the<00:43:29.680> future,<00:43:30.240> but<00:43:30.480> if<00:43:30.640> you're
to happen in the future, but if you're
looking<00:43:30.960> for<00:43:31.119> data<00:43:31.440> in<00:43:31.680> the<00:43:31.760> present,<00:43:32.160> we're
looking for data in the present, we're
not<00:43:32.480> seeing<00:43:32.640> it<00:43:32.880> yet.
not seeing it yet.
>> I<00:43:33.359> think<00:43:33.440> there's<00:43:33.680> going<00:43:33.760> to<00:43:33.839> be<00:43:33.920> a<00:43:34.079> strong
>> I think there's going to be a strong
human<00:43:34.640> alpha.<00:43:35.599> You<00:43:35.760> know,<00:43:35.920> like<00:43:36.160> when<00:43:36.800> vending
human alpha. You know, like when vending
machines<00:43:37.599> came<00:43:37.839> along,<00:43:38.880> it's<00:43:39.119> not<00:43:39.280> like
machines came along, it's not like
bartenders<00:43:40.160> went<00:43:40.319> away.<00:43:40.880> Like<00:43:41.440> I<00:43:41.680> like<00:43:41.920> going
bartenders went away. Like I like going
to<00:43:42.240> a<00:43:42.400> bar<00:43:42.960> talking<00:43:43.200> to<00:43:43.359> the<00:43:43.440> bartender<00:43:43.920> and
to a bar talking to the bartender and
they<00:43:44.160> make<00:43:44.240> a<00:43:44.400> great<00:43:44.560> drink.<00:43:44.800> And<00:43:44.960> those
they make a great drink. And those
bartenders<00:43:45.680> make<00:43:46.079> better<00:43:46.400> money<00:43:46.640> today<00:43:46.880> than
bartenders make better money today than
they<00:43:47.280> did<00:43:47.760> 20<00:43:48.079> years<00:43:48.240> ago.<00:43:48.880> I<00:43:49.119> don't<00:43:49.359> and<00:43:49.520> and
they did 20 years ago. I don't and and
maybe<00:43:49.839> the<00:43:50.000> vending<00:43:50.319> machine<00:43:50.880> replacement
maybe the vending machine replacement
model<00:43:51.760> isn't<00:43:52.079> the<00:43:52.240> right<00:43:52.319> one<00:43:52.480> in<00:43:52.720> that<00:43:52.880> case,
model isn't the right one in that case,
but<00:43:53.680> I<00:43:53.920> I<00:43:54.240> think<00:43:54.319> that<00:43:54.560> there's<00:43:54.800> a<00:43:55.040> lot<00:43:55.200> of
but I I think that there's a lot of
value<00:43:55.839> in<00:43:56.160> human<00:43:56.480> interaction<00:43:57.040> that's<00:43:57.359> going
value in human interaction that's going
to<00:43:57.520> get<00:43:57.680> a<00:43:57.839> premium<00:43:58.240> in<00:43:58.400> the<00:43:58.560> future<00:43:59.119> because
to get a premium in the future because
as<00:43:59.599> more<00:43:59.839> stuff<00:44:00.079> gets<00:44:00.319> automated,<00:44:00.880> I<00:44:01.040> want<00:44:01.200> to
as more stuff gets automated, I want to
have<00:44:02.000> an<00:44:02.319> actual<00:44:02.880> driver<00:44:03.760> when<00:44:04.000> I<00:44:04.240> go<00:44:04.480> to<00:44:04.880> Las
have an actual driver when I go to Las
Vegas.<00:44:05.520> I<00:44:05.760> don't<00:44:05.839> want<00:44:05.920> to<00:44:06.079> go<00:44:06.400> in<00:44:06.560> a<00:44:06.720> Whimo.<00:44:07.119> I
Vegas. I don't want to go in a Whimo. I
want<00:44:07.280> to<00:44:07.359> have<00:44:07.440> a<00:44:07.599> great<00:44:07.839> driver<00:44:08.160> in<00:44:08.400> a<00:44:08.560> nice
want to have a great driver in a nice
car<00:44:08.960> that<00:44:09.200> takes<00:44:09.359> me<00:44:09.520> to<00:44:09.599> the<00:44:09.760> dinners,<00:44:10.319> drives
car that takes me to the dinners, drives
me<00:44:10.800> around<00:44:11.040> New<00:44:11.280> York<00:44:11.359> City,<00:44:11.680> same<00:44:11.839> thing.<00:44:12.079> I
me around New York City, same thing. I
don't<00:44:12.240> want<00:44:12.319> to<00:44:12.400> go<00:44:12.480> in<00:44:12.560> a<00:44:12.640> Whimo,<00:44:13.119> per<00:44:13.280> se.<00:44:13.680> I
don't want to go in a Whimo, per se. I
want<00:44:14.000> to<00:44:14.160> have,<00:44:14.720> you<00:44:14.880> know,<00:44:15.119> people<00:44:15.359> that<00:44:15.520> can
want to have, you know, people that can
do<00:44:15.839> things<00:44:16.000> that<00:44:16.160> could<00:44:16.319> otherwise<00:44:16.560> be
do things that could otherwise be
automated.<00:44:17.119> I'll<00:44:17.280> pay<00:44:17.359> a<00:44:17.520> huge<00:44:17.760> premium.<00:44:18.079> I
automated. I'll pay a huge premium. I
could<00:44:18.240> sit<00:44:18.400> in<00:44:18.480> a<00:44:18.560> freaking<00:44:18.880> massage<00:44:19.200> chair.
could sit in a freaking massage chair.
Why<00:44:19.920> do<00:44:20.000> I<00:44:20.160> go<00:44:20.240> pay<00:44:20.480> someone<00:44:20.800> $200<00:44:21.200> for<00:44:21.359> an<00:44:21.440> hour
Why do I go pay someone $200 for an hour
massage?<00:44:22.480> You<00:44:22.560> know,<00:44:22.720> I<00:44:22.880> think<00:44:23.040> there's
massage? You know, I think there's
there's<00:44:23.520> an<00:44:23.680> aspect<00:44:24.000> to<00:44:24.160> the<00:44:24.240> alpha<00:44:24.560> of
there's an aspect to the alpha of
we<00:44:26.960> could<00:44:27.040> cut<00:44:27.280> that<00:44:27.440> one.<00:44:28.079> But<00:44:28.560> uh
we could cut that one. But uh
but<00:44:30.640> I<00:44:30.800> do<00:44:30.960> think<00:44:31.040> there's<00:44:31.200> a<00:44:31.359> premium<00:44:31.680> to
but I do think there's a premium to
humans<00:44:32.240> and<00:44:32.480> I<00:44:32.640> don't<00:44:32.720> think<00:44:32.880> that<00:44:33.440> um<00:44:33.599> and<00:44:33.839> I
humans and I don't think that um and I
actually<00:44:34.960> to<00:44:35.119> humans
actually to humans
>> no<00:44:36.319> the<00:44:36.480> count
>> no the count
JL<00:44:38.480> this<00:44:38.560> is<00:44:38.720> really<00:44:38.880> important.<00:44:39.200> I<00:44:39.359> think
JL this is really important. I think
that<00:44:39.599> the<00:44:39.839> counternarrative<00:44:40.560> to<00:44:40.800> automation
that the counternarrative to automation
generally<00:44:42.560> is<00:44:42.880> that<00:44:43.119> we're<00:44:43.440> going<00:44:43.680> to<00:44:43.839> realize
generally is that we're going to realize
the<00:44:45.040> importance<00:44:45.520> of<00:44:45.839> human<00:44:46.079> interaction<00:44:46.480> and
the importance of human interaction and
humans<00:44:47.520> in<00:44:47.760> the<00:44:47.839> loop<00:44:48.319> and<00:44:48.560> we're<00:44:48.800> going<00:44:48.880> to
humans in the loop and we're going to
pay<00:44:49.200> a<00:44:49.359> premium<00:44:49.680> for<00:44:49.839> it.
pay a premium for it.
>> Well,<00:44:50.720> do<00:44:50.880> you<00:44:51.040> remember<00:44:51.359> like<00:44:51.520> a
>> Well, do you remember like a
>> I<00:44:52.480> don't<00:44:52.640> believe<00:44:52.880> I<00:44:53.119> don't<00:44:53.200> believe<00:44:53.359> in<00:44:53.520> AGI
>> I don't believe I don't believe in AGI
and<00:44:54.000> the<00:44:54.160> singularity<00:44:54.720> happening<00:44:54.960> next<00:44:55.200> year.
and the singularity happening next year.
I'm<00:44:55.760> just<00:44:56.000> not<00:44:56.160> there.
I'm just not there.
>> Do<00:44:57.200> you<00:44:57.359> remember<00:44:58.000> like<00:44:58.240> a<00:44:58.400> year<00:44:58.560> ago<00:44:58.960> when<00:44:59.280> CLA
>> Do you remember like a year ago when CLA
said<00:45:00.000> they're<00:45:00.240> going<00:45:00.319> to<00:45:00.400> replace<00:45:00.720> their
said they're going to replace their
whole<00:45:01.040> customer<00:45:01.359> service<00:45:01.680> department<00:45:02.000> with
whole customer service department with
AI<00:45:02.640> and<00:45:02.800> they<00:45:03.040> did<00:45:04.240> they<00:45:04.400> did<00:45:04.560> a<00:45:04.720> lot<00:45:04.800> of<00:45:04.880> hype.
AI and they did they did a lot of hype.
It<00:45:05.440> was<00:45:05.520> peak<00:45:05.839> RF<00:45:06.240> farming<00:45:07.119> and<00:45:07.520> well<00:45:07.839> lo<00:45:08.079> and
It was peak RF farming and well lo and
behold<00:45:08.560> they<00:45:08.720> flipped<00:45:08.960> the<00:45:09.200> decision<00:45:09.520> back
behold they flipped the decision back
after<00:45:10.079> a<00:45:10.319> year.<00:45:11.280> They<00:45:11.599> said<00:45:11.680> that<00:45:11.920> from<00:45:12.079> a
after a year. They said that from a
brand<00:45:12.640> perspective,<00:45:13.280> a<00:45:13.520> company
brand perspective, a company
perspective,
it's<00:45:15.680> just<00:45:15.839> so<00:45:16.079> critical<00:45:16.319> that<00:45:16.560> you<00:45:16.720> are<00:45:16.880> clear
it's just so critical that you are clear
to<00:45:17.520> your<00:45:17.680> customer<00:45:18.000> that<00:45:18.240> there<00:45:18.400> will<00:45:18.560> always
to your customer that there will always
be<00:45:18.880> a<00:45:19.040> human<00:45:19.280> if<00:45:19.440> if<00:45:19.760> you<00:45:19.920> want<00:45:20.079> it.
be a human if if you want it.
>> Human<00:45:20.640> in<00:45:20.960> the<00:45:21.119> loop<00:45:21.359> will<00:45:21.599> be<00:45:21.680> the<00:45:21.920> premium
>> Human in the loop will be the premium
and<00:45:22.480> we<00:45:22.720> will<00:45:22.880> all<00:45:23.119> realize<00:45:23.520> in<00:45:23.760> the<00:45:23.920> next<00:45:24.079> year
and we will all realize in the next year
and<00:45:24.319> a<00:45:24.480> half<00:45:24.640> the<00:45:24.960> importance<00:45:25.280> of<00:45:25.440> human<00:45:25.680> in
and a half the importance of human in
the<00:45:26.000> loop<00:45:26.480> even<00:45:26.800> in<00:45:27.119> the<00:45:27.359> context<00:45:27.680> of<00:45:27.920> AI<00:45:28.160> and
the loop even in the context of AI and
automation<00:45:28.960> working.
automation working.
>> Human<00:45:30.160> in<00:45:30.319> the<00:45:30.400> loop<00:45:30.640> is<00:45:30.800> going<00:45:30.880> to<00:45:30.960> be<00:45:31.119> more
>> Human in the loop is going to be more
valuable<00:45:31.599> and<00:45:31.839> then<00:45:31.920> you're<00:45:32.079> going<00:45:32.160> to<00:45:32.240> pay<00:45:32.319> a
valuable and then you're going to pay a
premium<00:45:32.800> for<00:45:32.960> human<00:45:33.200> in<00:45:33.359> the<00:45:33.520> loop.<00:45:34.079> There's
premium for human in the loop. There's
so<00:45:34.480> many<00:45:34.640> CEOs<00:45:35.040> who<00:45:35.200> want<00:45:35.280> to<00:45:35.440> tap<00:45:35.680> into<00:45:36.000> the
so many CEOs who want to tap into the
media's<00:45:36.640> hype<00:45:36.960> cycle.<00:45:37.359> This<00:45:37.440> is<00:45:37.599> the<00:45:37.760> thing<00:45:37.920> is
media's hype cycle. This is the thing is
that<00:45:38.400> whenever<00:45:38.720> the<00:45:38.880> media<00:45:39.200> gets<00:45:39.359> a<00:45:39.520> hold<00:45:39.599> of
that whenever the media gets a hold of
one<00:45:39.920> of<00:45:40.000> these<00:45:40.160> narratives,<00:45:40.960> there's<00:45:41.200> so<00:45:41.440> many
one of these narratives, there's so many
CEOs<00:45:42.240> who<00:45:42.480> are<00:45:42.640> not<00:45:42.800> like<00:45:43.040> Karp,<00:45:43.680> right,<00:45:44.240> who
CEOs who are not like Karp, right, who
just<00:45:44.720> are<00:45:44.960> not<00:45:45.119> original<00:45:45.760> and<00:45:46.000> they<00:45:46.240> don't
just are not original and they don't
really<00:45:46.640> have<00:45:46.800> anything<00:45:47.040> important<00:45:47.440> to<00:45:47.599> say.
really have anything important to say.
So,<00:45:48.319> the<00:45:48.560> only<00:45:48.800> way<00:45:48.960> for<00:45:49.200> them<00:45:49.359> to<00:45:49.520> get
So, the only way for them to get
publicity<00:45:50.079> is<00:45:50.240> to<00:45:50.400> glom<00:45:50.800> onto<00:45:51.119> that<00:45:51.280> press
publicity is to glom onto that press
cycle<00:45:52.160> and<00:45:52.480> try<00:45:52.640> to<00:45:52.800> use<00:45:52.960> it.<00:45:53.760> And<00:45:53.839> then
cycle and try to use it. And then
they'll<00:45:54.560> chime<00:45:54.880> in<00:45:55.200> with,<00:45:55.599> you<00:45:55.760> know,<00:45:55.920> how
they'll chime in with, you know, how
they're<00:45:56.319> going<00:45:56.400> to<00:45:56.480> do<00:45:56.640> crazy<00:45:56.880> things<00:45:57.119> to
they're going to do crazy things to
eliminate<00:45:57.599> their<00:45:57.680> whole<00:45:57.920> customer<00:45:58.240> sport
eliminate their whole customer sport
department<00:45:59.280> and<00:45:59.440> then<00:45:59.599> lo<00:45:59.760> and<00:45:59.920> behold,<00:46:00.240> it
department and then lo and behold, it
turns<00:46:00.560> out<00:46:00.720> just<00:46:00.880> to<00:46:01.040> be<00:46:01.200> total<00:46:01.680> totally<00:46:02.079> fake.
turns out just to be total totally fake.
I<00:46:02.560> think<00:46:02.640> the<00:46:02.800> ramp<00:46:03.040> data<00:46:03.280> is<00:46:03.440> directionally
I think the ramp data is directionally
accurate.<00:46:05.359> In<00:46:05.599> our<00:46:05.839> experience,<00:46:06.240> I<00:46:06.400> would<00:46:06.560> say
accurate. In our experience, I would say
the<00:46:06.800> same<00:46:06.960> thing.<00:46:07.200> I<00:46:07.359> think<00:46:07.599> people<00:46:07.839> that<00:46:08.079> use
the same thing. I think people that use
AI<00:46:08.720> tend<00:46:08.960> to<00:46:09.119> grow<00:46:09.359> faster.<00:46:09.760> They<00:46:09.920> tend<00:46:10.079> to
AI tend to grow faster. They tend to
hire<00:46:10.480> more.<00:46:10.720> They<00:46:10.880> tend<00:46:10.960> to<00:46:11.119> make<00:46:11.280> more%.
hire more. They tend to make more%.
>> Yeah,<00:46:12.480> 100%.
>> Yeah, 100%.
>> By<00:46:13.280> the<00:46:13.359> way,<00:46:13.440> I<00:46:13.599> actually<00:46:13.760> agree<00:46:13.920> with<00:46:14.560> 100%
>> By the way, I actually agree with 100%
agreement<00:46:15.359> on<00:46:15.520> that.
agreement on that.
>> From<00:46:16.000> a<00:46:16.160> career<00:46:16.720> standpoint,<00:46:17.280> I<00:46:17.440> would<00:46:17.599> not
>> From a career standpoint, I would not
want<00:46:17.920> to<00:46:18.079> be<00:46:18.240> a<00:46:18.560> level<00:46:18.960> one<00:46:19.440> customer<00:46:19.839> support
want to be a level one customer support
rep<00:46:20.720> because<00:46:21.680> I<00:46:21.920> do<00:46:22.079> think<00:46:22.240> that<00:46:22.480> like<00:46:22.640> if<00:46:22.880> all
rep because I do think that like if all
you're<00:46:23.280> doing<00:46:23.440> is<00:46:23.760> like<00:46:24.160> answering<00:46:24.720> forgotten
you're doing is like answering forgotten
password<00:46:26.079> requests,<00:46:26.880> that's<00:46:27.200> not<00:46:27.280> a<00:46:27.440> great
password requests, that's not a great
place<00:46:27.839> to<00:46:28.000> be.<00:46:28.240> However,<00:46:29.200> those<00:46:29.520> jobs<00:46:29.760> were
place to be. However, those jobs were
basically<00:46:30.240> outsourced<00:46:30.720> to<00:46:30.880> the<00:46:31.040> Philippines
basically outsourced to the Philippines
and<00:46:31.839> places<00:46:32.160> like<00:46:32.319> that<00:46:32.560> a<00:46:32.720> long<00:46:32.880> time<00:46:33.040> ago.<00:46:33.599> I
and places like that a long time ago. I
mean,<00:46:34.000> most<00:46:34.400> enterprises<00:46:35.040> are<00:46:35.280> not<00:46:35.680> doing
mean, most enterprises are not doing
kind<00:46:36.640> of<00:46:36.720> that<00:46:36.960> level<00:46:37.280> zero,<00:46:37.599> level<00:46:37.839> one
kind of that level zero, level one
customer<00:46:38.400> support<00:46:38.640> in<00:46:38.880> the<00:46:39.040> US.<00:46:39.760> They<00:46:40.000> do<00:46:40.160> have
customer support in the US. They do have
customer<00:46:40.640> support<00:46:40.960> centers,<00:46:41.280> but<00:46:41.440> they're
customer support centers, but they're
doing<00:46:41.760> like<00:46:42.000> level<00:46:42.240> two,<00:46:42.560> level<00:46:42.880> three.
doing like level two, level three.
They're<00:46:43.680> doing<00:46:43.839> the<00:46:44.000> escalations,<00:46:44.720> the
They're doing the escalations, the
higher<00:46:45.200> value<00:46:45.599> stuff<00:46:46.160> that's<00:46:46.400> going<00:46:46.480> to<00:46:46.560> be<00:46:46.640> a
higher value stuff that's going to be a
lot<00:46:46.960> harder<00:46:47.119> to<00:46:47.280> replace<00:46:47.599> with<00:46:47.839> AI.
lot harder to replace with AI.
>> Totally.<00:46:49.280> I<00:46:49.599> do<00:46:49.839> kind<00:46:50.000> of<00:46:50.079> worry<00:46:50.319> about<00:46:50.480> well
>> Totally. I do kind of worry about well
what<00:46:50.880> happens<00:46:51.040> in<00:46:51.200> some<00:46:51.359> of<00:46:51.359> these<00:46:51.599> other
what happens in some of these other
countries<00:46:52.160> that<00:46:52.720> are<00:46:52.960> doing<00:46:53.119> the<00:46:53.280> super<00:46:53.520> entry
countries that are doing the super entry
level<00:46:54.079> stuff<00:46:54.400> because<00:46:55.200> I<00:46:55.440> think<00:46:55.520> that<00:46:55.760> is<00:46:57.119> job
level stuff because I think that is job
loss<00:46:57.760> but<00:46:58.079> I<00:46:58.160> don't<00:46:58.240> know<00:46:58.240> if<00:46:58.319> it'll<00:46:58.560> be
loss but I don't know if it'll be
massive<00:46:59.280> but<00:46:59.520> that's<00:46:59.680> where<00:46:59.920> the<00:47:00.079> risk<00:47:00.319> is.<00:47:00.640> I
massive but that's where the risk is. I
mean<00:47:01.119> frankly<00:47:01.520> it's<00:47:01.760> not<00:47:01.839> in<00:47:02.079> the<00:47:02.240> US.
mean frankly it's not in the US.
>> This<00:47:03.119> is<00:47:03.520> um<00:47:03.839> so<00:47:04.319> maybe<00:47:04.560> we're<00:47:04.880> getting<00:47:05.040> to
>> This is um so maybe we're getting to
some<00:47:05.520> consensus<00:47:06.079> here.
some consensus here.
>> Job<00:47:07.359> displacement<00:47:08.000> versus<00:47:08.319> job<00:47:08.640> loss.<00:47:09.599> Here
>> Job displacement versus job loss. Here
is<00:47:10.400> Brett<00:47:10.720> Atcock<00:47:11.359> sharing<00:47:12.000> what<00:47:12.240> they're
is Brett Atcock sharing what they're
doing<00:47:12.640> at<00:47:12.880> Figure.<00:47:13.680> They<00:47:14.000> had<00:47:14.480> an<00:47:14.800> 8-hour
doing at Figure. They had an 8-hour
challenge<00:47:15.920> to<00:47:16.240> have<00:47:16.480> this<00:47:16.960> uh<00:47:17.119> robot<00:47:17.520> they're
challenge to have this uh robot they're
building<00:47:18.800> sort<00:47:19.200> packages<00:47:19.839> and<00:47:20.240> they<00:47:20.480> did<00:47:20.640> it
building sort packages and they did it
for<00:47:20.960> 200<00:47:21.359> hours.<00:47:22.000> That's<00:47:22.319> today.<00:47:22.960> This<00:47:23.119> is<00:47:23.280> the
for 200 hours. That's today. This is the
least
good<00:47:25.599> it<00:47:25.839> will<00:47:26.000> ever<00:47:26.160> be.<00:47:26.480> This<00:47:26.640> is<00:47:26.720> the<00:47:26.960> worst
good it will ever be. This is the worst
it's<00:47:27.440> going<00:47:27.520> to<00:47:27.599> ever<00:47:27.920> be.<00:47:28.560> These<00:47:28.800> things<00:47:28.960> are
it's going to ever be. These things are
getting<00:47:29.359> really<00:47:29.599> good.<00:47:29.839> I<00:47:30.079> spent<00:47:30.319> time<00:47:30.400> with
getting really good. I spent time with
Elon.<00:47:31.119> I've<00:47:31.359> looked<00:47:31.520> at<00:47:31.680> Optimus.<00:47:32.400> I<00:47:32.640> can<00:47:32.720> tell
Elon. I've looked at Optimus. I can tell
you<00:47:33.040> Optimus<00:47:33.520> is<00:47:33.760> better<00:47:34.160> than<00:47:34.319> what<00:47:34.560> Figure
you Optimus is better than what Figure
is<00:47:34.960> doing.<00:47:35.440> What<00:47:35.680> Optimus<00:47:36.160> is<00:47:36.319> going<00:47:36.480> to<00:47:36.560> do
is doing. What Optimus is going to do
when<00:47:37.680> Bezos<00:47:38.240> and<00:47:38.400> Andy<00:47:38.720> Jasse<00:47:39.200> unleash
when Bezos and Andy Jasse unleash
Optimus<00:47:40.319> inside<00:47:40.720> of<00:47:40.880> the<00:47:41.040> Amazon<00:47:41.520> factories
Optimus inside of the Amazon factories
is<00:47:42.319> it's<00:47:42.560> going<00:47:42.720> to<00:47:42.880> get<00:47:43.040> rid<00:47:43.200> of<00:47:43.680> every,<00:47:44.560> let
is it's going to get rid of every, let
me<00:47:44.880> state<00:47:45.040> this<00:47:45.280> very<00:47:45.599> clearly,<00:47:46.400> every<00:47:46.720> single
me state this very clearly, every single
package<00:47:47.359> sorting,<00:47:47.839> every<00:47:48.079> single<00:47:48.319> package
package sorting, every single package
delivery<00:47:49.359> will<00:47:49.680> not<00:47:49.920> be<00:47:50.079> done<00:47:50.319> by<00:47:50.560> humans<00:47:50.800> in
delivery will not be done by humans in
10<00:47:51.200> years.<00:47:51.599> And<00:47:51.760> it's<00:47:52.079> starting<00:47:52.640> today.<00:47:53.280> Just
10 years. And it's starting today. Just
like<00:47:54.240> the<00:47:54.480> idea<00:47:54.800> that<00:47:55.119> you<00:47:55.280> would<00:47:55.520> put
like the idea that you would put
together<00:47:56.160> some<00:47:56.319> of<00:47:56.480> this<00:47:56.640> consumer
together some of this consumer
electronic<00:47:57.520> stuff<00:47:57.680> in<00:47:58.000> factories<00:47:58.960> with
electronic stuff in factories with
humans<00:48:00.480> has<00:48:00.720> gone<00:48:00.960> away<00:48:01.280> over<00:48:01.680> time.<00:48:02.079> and
humans has gone away over time. and
other<00:48:02.640> countries.<00:48:02.960> I<00:48:03.200> think<00:48:03.280> you're<00:48:03.440> making<00:48:03.599> a
other countries. I think you're making a
very<00:48:03.920> good<00:48:04.079> point<00:48:04.160> here,<00:48:04.400> Saxs,<00:48:04.880> are<00:48:05.119> going<00:48:05.200> to
very good point here, Saxs, are going to
experience<00:48:05.760> it<00:48:05.920> first.<00:48:06.240> In<00:48:06.400> America,
experience it first. In America,
knowledge<00:48:07.520> workers,<00:48:08.240> the<00:48:08.560> entrepreneurial
knowledge workers, the entrepreneurial
spirit.<00:48:09.760> I<00:48:10.000> think<00:48:10.079> we're<00:48:10.240> going<00:48:10.319> to<00:48:10.400> see<00:48:10.480> a
spirit. I think we're going to see a
Cambrian<00:48:11.200> explosion<00:48:11.599> in<00:48:11.839> startups,<00:48:12.240> which
Cambrian explosion in startups, which
means<00:48:12.960> we're<00:48:13.200> going<00:48:13.280> to<00:48:13.359> be<00:48:13.520> the<00:48:13.680> ones<00:48:14.000> who
means we're going to be the ones who
benefit<00:48:14.640> from<00:48:14.800> it.<00:48:15.040> But<00:48:15.119> if<00:48:15.280> you're<00:48:15.440> looking
benefit from it. But if you're looking
at<00:48:15.760> those<00:48:16.000> other<00:48:16.160> countries,<00:48:16.400> they'll<00:48:16.640> see<00:48:16.720> it
at those other countries, they'll see it
acutely<00:48:17.359> first.<00:48:17.760> We're<00:48:17.920> just<00:48:18.079> going<00:48:18.160> to<00:48:18.240> see
acutely first. We're just going to see
it<00:48:18.480> here<00:48:18.640> with<00:48:18.800> drivers,<00:48:19.520> and<00:48:19.760> that's<00:48:20.000> 5<00:48:20.240> 10
it here with drivers, and that's 5 10
million<00:48:20.640> people,<00:48:20.880> like<00:48:21.040> we<00:48:21.200> saw<00:48:21.440> it<00:48:21.520> with
million people, like we saw it with
cashiers.<00:48:22.480> The<00:48:22.720> idea<00:48:22.960> of<00:48:23.200> going<00:48:23.359> to<00:48:23.520> a<00:48:23.680> cashier
cashiers. The idea of going to a cashier
at<00:48:24.240> a<00:48:24.400> fast<00:48:24.559> food<00:48:24.720> restaurant,<00:48:25.040> which<00:48:25.200> I<00:48:25.280> know
at a fast food restaurant, which I know
you<00:48:25.520> guys<00:48:25.680> don't<00:48:25.760> go<00:48:25.920> to<00:48:26.079> all<00:48:26.319> that<00:48:26.480> often,
you guys don't go to all that often,
where<00:48:27.359> Starbucks,<00:48:28.000> the<00:48:28.240> idea<00:48:28.400> that<00:48:28.640> you<00:48:28.800> would
where Starbucks, the idea that you would
interact<00:48:29.440> with<00:48:29.599> a<00:48:29.839> cashier<00:48:30.319> has<00:48:30.480> been<00:48:30.720> going
interact with a cashier has been going
away<00:48:31.440> slowly<00:48:32.240> because<00:48:33.040> it's<00:48:33.359> just<00:48:33.680> consumers
away slowly because it's just consumers
don't<00:48:34.480> even<00:48:34.720> want<00:48:34.800> it.<00:48:35.040> We'll<00:48:35.200> agree<00:48:35.440> to
don't even want it. We'll agree to
disagree<00:48:36.000> here<00:48:36.160> to<00:48:36.319> a<00:48:36.480> certain<00:48:36.640> extent.<00:48:36.960> Maybe
disagree here to a certain extent. Maybe
we<00:48:37.280> may
we may
>> Look,<00:48:37.760> I<00:48:37.920> went<00:48:38.000> to<00:48:38.240> McDonald<00:48:38.640> I<00:48:38.880> went<00:48:38.960> to
>> Look, I went to McDonald I went to
McDonald's<00:48:39.599> recently<00:48:39.920> and<00:48:40.160> I<00:48:40.319> ordered<00:48:40.559> from
McDonald's recently and I ordered from
one<00:48:40.960> of<00:48:41.040> those<00:48:41.200> monitors.<00:48:41.680> Zero.
one of those monitors. Zero.
>> What<00:48:42.240> did<00:48:42.319> you<00:48:42.400> order?<00:48:42.640> You<00:48:42.800> filet<00:48:42.960> a<00:48:43.119> fish
>> What did you order? You filet a fish
guy?<00:48:43.520> I'm<00:48:43.680> a<00:48:43.760> flay<00:48:44.000> of<00:48:44.079> fish<00:48:44.319> guy.<00:48:44.720> What'd<00:48:44.880> you
guy? I'm a flay of fish guy. What'd you
get?<00:48:45.119> What's<00:48:45.280> your
get? What's your
>> I'm<00:48:45.680> a<00:48:45.839> Big<00:48:46.000> Mac.<00:48:46.240> I<00:48:46.400> like<00:48:46.559> a<00:48:46.640> Big<00:48:46.880> Mac.
>> I'm a Big Mac. I like a Big Mac.
>> You<00:48:47.440> like<00:48:47.599> a<00:48:47.760> Big<00:48:48.000> Mac?<00:48:48.720> What<00:48:48.880> about<00:48:49.040> you,<00:48:49.280> Sax?
>> You like a Big Mac? What about you, Sax?
What?<00:48:49.680> What's<00:48:49.920> your<00:48:50.000> order?<00:48:50.240> What's<00:48:50.400> your<00:48:50.640> Did
What? What's your order? What's your Did
you<00:48:50.800> get<00:48:50.880> a<00:48:51.040> McFlurry?
you get a McFlurry?
They<00:48:52.240> had<00:48:52.319> a<00:48:52.559> thing<00:48:52.720> called<00:48:53.200> a<00:48:53.440> homegrown
They had a thing called a homegrown
burger<00:48:54.559> which<00:48:54.800> was<00:48:54.960> some<00:48:55.359> new<00:48:55.920> I<00:48:56.160> think<00:48:56.240> it<00:48:56.400> was
burger which was some new I think it was
kind<00:48:56.559> of<00:48:56.640> like<00:48:56.800> more<00:48:57.040> like<00:48:57.119> an<00:48:57.280> In-N-Out<00:48:57.839> type
kind of like more like an In-N-Out type
burger<00:48:58.640> situation<00:48:59.040> they<00:48:59.280> were<00:48:59.359> testing.
burger situation they were testing.
>> Smash<00:49:00.079> Patty.
>> Smash Patty.
>> Yeah,<00:49:00.720> it<00:49:00.960> was<00:49:01.040> good.
>> Yeah, it was good.
>> Anyway,<00:49:02.079> my<00:49:02.319> point<00:49:02.480> is<00:49:02.720> just<00:49:03.520> the<00:49:03.839> automation
>> Anyway, my point is just the automation
obviously<00:49:04.880> they<00:49:05.040> didn't<00:49:05.200> have<00:49:05.280> a<00:49:05.440> cashier
obviously they didn't have a cashier
there<00:49:06.160> already,<00:49:06.640> but<00:49:06.880> there's<00:49:07.119> zero<00:49:07.359> robots
there already, but there's zero robots
involved.<00:49:08.319> Similarly,<00:49:09.119> there's<00:49:09.359> already<00:49:09.599> a
involved. Similarly, there's already a
lot<00:49:09.920> of<00:49:10.000> automation<00:49:10.480> going<00:49:10.640> on<00:49:10.800> in<00:49:10.960> those
lot of automation going on in those
Amazon<00:49:11.520> warehouses.<00:49:12.000> I<00:49:12.160> don't<00:49:12.240> know<00:49:12.240> if
Amazon warehouses. I don't know if
you've<00:49:12.559> ever<00:49:12.720> been<00:49:12.880> to<00:49:13.040> like<00:49:13.119> a<00:49:13.280> FedEx
you've ever been to like a FedEx
packaging<00:49:14.800> or<00:49:15.040> routing<00:49:15.440> depot.<00:49:16.319> It's<00:49:16.559> all
packaging or routing depot. It's all
conveyor<00:49:17.200> belts<00:49:17.680> and<00:49:18.240> you<00:49:18.400> know
conveyor belts and you know
>> Yeah,<00:49:18.800> robots<00:49:19.280> pushing<00:49:19.599> it<00:49:19.760> and<00:49:20.000> directing.
>> Yeah, robots pushing it and directing.
But<00:49:20.559> it's<00:49:20.720> not<00:49:20.880> it's<00:49:21.119> not<00:49:21.280> humanoid<00:49:21.680> robots.
But it's not it's not humanoid robots.
There's<00:49:22.240> already<00:49:22.559> tons<00:49:22.720> and<00:49:22.880> tons<00:49:23.119> of
There's already tons and tons of
automation<00:49:23.680> at<00:49:23.839> these<00:49:24.079> places.
automation at these places.
>> The<00:49:25.119> last<00:49:25.359> but<00:49:25.599> this<00:49:25.760> last<00:49:26.000> mile<00:49:26.319> part<00:49:26.480> is<00:49:26.640> the
>> The last but this last mile part is the
one<00:49:26.960> I<00:49:27.200> think<00:49:27.359> that<00:49:27.599> is<00:49:27.839> going<00:49:27.920> to<00:49:28.079> shock
one I think that is going to shock
people.<00:49:28.720> When<00:49:29.119> you<00:49:29.280> have<00:49:29.440> an<00:49:29.599> optimist
people. When you have an optimist
walking<00:49:31.440> the<00:49:32.000> Tesla<00:49:32.960> self-driving<00:49:33.760> car<00:49:34.160> and
walking the Tesla self-driving car and
then<00:49:34.559> they<00:49:34.800> walk<00:49:34.960> it<00:49:35.119> to<00:49:35.200> your<00:49:35.359> porch,<00:49:35.680> ring
then they walk it to your porch, ring
your<00:49:36.000> doorbell<00:49:36.319> and<00:49:36.480> knock<00:49:36.559> on<00:49:36.720> your<00:49:36.800> door<00:49:36.960> and
your doorbell and knock on your door and
put<00:49:37.200> it<00:49:37.280> on<00:49:37.440> your<00:49:37.599> front<00:49:37.839> step<00:49:38.079> porch.<00:49:38.640> That's
put it on your front step porch. That's
where<00:49:39.040> this<00:49:39.200> is<00:49:39.359> going<00:49:39.440> to<00:49:39.520> get<00:49:39.760> super
where this is going to get super
interesting.
>> I<00:49:41.040> think<00:49:41.119> it's<00:49:41.280> going<00:49:41.359> to<00:49:41.440> lead<00:49:41.599> to<00:49:41.760> a<00:49:42.079> boom
>> I think it's going to lead to a boom
because<00:49:43.040> think<00:49:43.200> about<00:49:43.440> like<00:49:43.599> just<00:49:43.760> something
because think about like just something
like<00:49:44.160> building<00:49:44.400> a<00:49:44.640> house.<00:49:45.200> Okay.<00:49:45.760> You<00:49:45.839> know
like building a house. Okay. You know
how<00:49:46.079> long<00:49:46.160> it<00:49:46.319> takes<00:49:46.480> to<00:49:46.640> build<00:49:46.800> a<00:49:46.960> house
how long it takes to build a house
>> in<00:49:48.240> California?<00:49:48.800> Three<00:49:48.960> years.<00:49:49.359> Yeah.<00:49:49.839> Yeah.
>> in California? Three years. Yeah. Yeah.
Yeah.<00:49:50.880> Multiple<00:49:51.440> years<00:49:52.079> now
Yeah. Multiple years now
>> in
>> China<00:49:52.880> one<00:49:53.119> day.
>> China one day.
>> There<00:49:54.319> you<00:49:54.480> go.
>> There you go.
>> But<00:49:55.599> imagine<00:49:56.480> if<00:49:56.800> you<00:49:56.960> have<00:49:57.200> like<00:49:57.520> a<00:49:58.000> like<00:49:58.240> a
>> But imagine if you have like a like a
construction<00:49:59.040> crew<00:49:59.680> and<00:50:00.160> I<00:50:00.400> don't<00:50:00.480> know<00:50:00.640> it's
construction crew and I don't know it's
like<00:50:01.520> 20<00:50:01.920> humans<00:50:02.400> and<00:50:02.960> 50<00:50:03.280> robots<00:50:03.520> or
like 20 humans and 50 robots or
something.<00:50:03.920> The<00:50:04.079> humans<00:50:04.319> have<00:50:04.480> to<00:50:04.559> tell<00:50:04.720> the
something. The humans have to tell the
robots<00:50:05.200> what<00:50:05.359> to<00:50:05.520> do.<00:50:05.839> I<00:50:06.079> don't
robots what to do. I don't
>> supervisors.
>> I<00:50:07.920> think<00:50:08.000> it's<00:50:08.240> going<00:50:08.319> to<00:50:08.400> take<00:50:08.559> a<00:50:08.880> long<00:50:09.200> long
>> I think it's going to take a long long
time<00:50:10.240> for<00:50:10.559> the<00:50:10.720> robots<00:50:11.040> to<00:50:11.119> be<00:50:11.200> able<00:50:11.280> to<00:50:11.359> do
time for the robots to be able to do
that<00:50:11.680> super<00:50:12.000> high<00:50:12.240> skill<00:50:12.480> work.<00:50:13.119> But<00:50:13.599> they<00:50:13.839> can
that super high skill work. But they can
be<00:50:14.079> given<00:50:14.400> tasks
be given tasks
>> and<00:50:15.520> then<00:50:16.000> gradually<00:50:16.240> they<00:50:16.400> can<00:50:16.559> do.<00:50:17.040> So<00:50:17.280> maybe
>> and then gradually they can do. So maybe
it<00:50:17.760> only<00:50:17.839> takes<00:50:18.000> a<00:50:18.160> year<00:50:18.319> to<00:50:18.480> build<00:50:18.559> a<00:50:18.720> house
it only takes a year to build a house
instead<00:50:19.040> of<00:50:19.200> two<00:50:19.280> or<00:50:19.440> three<00:50:19.599> and<00:50:19.760> that's<00:50:19.839> the
instead of two or three and that's the
solution<00:50:20.240> to<00:50:20.400> our<00:50:20.559> housing<00:50:20.960> crisis.
solution to our housing crisis.
>> 100%.<00:50:22.880> All<00:50:22.960> right,<00:50:23.280> listen.
>> 100%. All right, listen.
>> In<00:50:24.960> a<00:50:25.119> related<00:50:25.839> story,<00:50:26.400> by<00:50:26.720> comedant<00:50:27.440> Howard
>> In a related story, by comedant Howard
Lutnik's<00:50:28.559> decree,<00:50:29.359> subject<00:50:29.839> Dario<00:50:30.400> Amade
Lutnik's decree, subject Dario Amade
will<00:50:31.760> be<00:50:31.920> permitted<00:50:32.400> to<00:50:32.640> bring<00:50:32.880> his<00:50:33.200> powerful
will be permitted to bring his powerful
new<00:50:33.839> model<00:50:34.240> Fable<00:50:34.720> 5<00:50:35.119> to<00:50:35.359> market<00:50:35.599> for<00:50:35.839> the
new model Fable 5 to market for the
glory<00:50:36.160> of<00:50:36.319> the<00:50:36.480> realm<00:50:36.720> and<00:50:36.880> at<00:50:37.040> the<00:50:37.119> pleasure
glory of the realm and at the pleasure
of<00:50:37.520> his<00:50:37.680> majesty<00:50:38.160> Lord<00:50:38.400> Trump.<00:50:38.880> Remember<00:50:39.359> two
of his majesty Lord Trump. Remember two
weeks<00:50:39.680> ago<00:50:39.920> the<00:50:40.079> US<00:50:40.319> government<00:50:40.640> put<00:50:40.960> export
weeks ago the US government put export
restrictions<00:50:41.839> on<00:50:42.079> Fable<00:50:42.480> and<00:50:42.640> Mythos<00:50:43.040> and<00:50:43.200> the
restrictions on Fable and Mythos and the
Iliad<00:50:43.680> and<00:50:43.839> the<00:50:43.920> Odyssey<00:50:44.319> and<00:50:44.480> whatever<00:50:44.720> else
Iliad and the Odyssey and whatever else
they're<00:50:45.119> doing<00:50:45.200> over<00:50:45.359> there<00:50:45.520> at<00:50:45.680> Anthropic
they're doing over there at Anthropic
and<00:50:47.920> Anthropic<00:50:48.559> expanding<00:50:48.960> Mythos<00:50:49.680> uh<00:50:49.839> to<00:50:50.160> 50
and Anthropic expanding Mythos uh to 50
unauthorized<00:50:51.920> entities<00:50:52.640> according<00:50:52.960> to
unauthorized entities according to
sources<00:50:53.680> that<00:50:53.839> included<00:50:54.160> SK<00:50:54.559> Telecom<00:50:55.119> which
sources that included SK Telecom which
allegedly<00:50:56.079> perhaps<00:50:56.640> maybe<00:50:56.960> has<00:50:57.280> li<00:50:57.920> ties<00:50:58.319> to
allegedly perhaps maybe has li ties to
China<00:50:59.920> on<00:51:00.160> June<00:51:00.480> 30th.<00:51:00.880> Howy<00:51:01.359> in<00:51:01.520> the<00:51:01.680> commerce
China on June 30th. Howy in the commerce
department.<00:51:02.480> That's<00:51:02.640> my<00:51:02.800> guy,<00:51:03.040> Howard
department. That's my guy, Howard
Lutnick,<00:51:03.760> my<00:51:03.920> favorite<00:51:04.160> in<00:51:04.319> the
Lutnick, my favorite in the
administration.<00:51:05.040> No<00:51:05.280> disrespect<00:51:05.680> to<00:51:05.839> you,
administration. No disrespect to you,
Saxs.<00:51:06.640> Um,<00:51:06.960> he<00:51:07.280> lifted<00:51:07.680> controls<00:51:08.319> on<00:51:08.640> Fable<00:51:09.119> 5.
Saxs. Um, he lifted controls on Fable 5.
Mythos<00:51:10.480> 5<00:51:10.640> was<00:51:10.800> restored<00:51:11.119> to<00:51:11.280> US<00:51:11.520> customers
Mythos 5 was restored to US customers
this<00:51:12.240> past<00:51:12.400> week,<00:51:12.640> June<00:51:12.960> 26th.<00:51:13.920> Many
this past week, June 26th. Many
suspected<00:51:14.720> this<00:51:14.960> would<00:51:15.200> happen<00:51:15.520> because
suspected this would happen because
Anthropic<00:51:16.800> replaced<00:51:17.440> Daario<00:51:18.160> as<00:51:18.400> their<00:51:18.640> lead
Anthropic replaced Daario as their lead
negotiator.<00:51:19.520> Here<00:51:19.680> is<00:51:19.760> the<00:51:19.920> Palace<00:51:20.240> Intrigue
negotiator. Here is the Palace Intrigue
I<00:51:21.200> was<00:51:21.359> referencing<00:51:21.760> earlier.<00:51:22.240> Co-founder
I was referencing earlier. Co-founder
Tom<00:51:22.960> Brown,<00:51:23.280> whoever<00:51:23.599> that<00:51:23.760> is,<00:51:24.079> took<00:51:24.319> the
Tom Brown, whoever that is, took the
spot<00:51:25.280> and<00:51:25.520> appears<00:51:25.920> to<00:51:26.079> be<00:51:26.240> getting<00:51:26.480> along
spot and appears to be getting along
better<00:51:27.359> with<00:51:27.599> the<00:51:27.839> Trump<00:51:28.160> organization.<00:51:28.800> For
better with the Trump organization. For
example,<00:51:29.839> he<00:51:30.160> proactively<00:51:30.880> genulected
example, he proactively genulected
showed<00:51:31.920> the<00:51:32.079> tweet<00:51:32.480> to<00:51:32.640> Lutnik's<00:51:33.119> tweet
showed the tweet to Lutnik's tweet
announcing<00:51:33.760> the<00:51:34.000> export<00:51:34.400> restricting
announcing the export restricting
restrictions<00:51:35.599> had<00:51:35.839> been<00:51:35.920> lifted.<00:51:36.319> Tom<00:51:36.640> Brown,
restrictions had been lifted. Tom Brown,
thanks<00:51:37.680> for<00:51:37.920> your<00:51:38.079> partnership<00:51:38.559> on<00:51:38.800> this
thanks for your partnership on this
secretary<00:51:39.680> explanation<00:51:40.240> point.<00:51:40.480> Look<00:51:40.640> at
secretary explanation point. Look at
that<00:51:40.960> smile.<00:51:41.599> Tom<00:51:41.839> Brown<00:51:42.079> coming<00:51:42.319> in<00:51:42.480> to<00:51:42.640> save
that smile. Tom Brown coming in to save
the<00:51:42.960> day.<00:51:43.359> In<00:51:43.599> a<00:51:43.760> postmortem<00:51:44.480> blog<00:51:44.800> post,
the day. In a postmortem blog post,
Anthropic<00:51:45.760> said<00:51:46.000> the<00:51:46.160> jailbreak<00:51:46.640> that
Anthropic said the jailbreak that
triggered<00:51:47.119> the<00:51:47.280> shutdown<00:51:47.680> was<00:51:47.839> not<00:51:48.079> unique<00:51:48.319> to
triggered the shutdown was not unique to
Claude.<00:51:48.880> Remember<00:51:49.119> Andy<00:51:49.520> Jasse<00:51:50.240> reported<00:51:50.800> to
Claude. Remember Andy Jasse reported to
the<00:51:52.240> Commerce<00:51:52.559> Department<00:51:52.960> what<00:51:53.200> was<00:51:53.359> going
the Commerce Department what was going
on<00:51:53.839> with<00:51:54.160> this.<00:51:54.800> Okay,<00:51:55.200> Saxs,<00:51:55.680> former<00:51:56.000> AISAR.
on with this. Okay, Saxs, former AISAR.
What's<00:51:57.440> going<00:51:57.599> on?<00:51:57.839> Give<00:51:58.000> us<00:51:58.160> the<00:51:58.319> palace
What's going on? Give us the palace
intrigue,<00:51:59.119> please.
intrigue, please.
>> Well,<00:52:00.480> look,<00:52:00.640> the<00:52:00.880> export<00:52:01.359> control<00:52:01.599> letter
>> Well, look, the export control letter
was<00:52:02.079> taken<00:52:02.319> down<00:52:02.800> after<00:52:03.200> 2<00:52:03.440> weeks.<00:52:03.839> I<00:52:04.160> think
was taken down after 2 weeks. I think
that<00:52:04.559> this<00:52:04.800> was<00:52:05.040> a<00:52:05.280> highly<00:52:05.680> unusual
that this was a highly unusual
circumstance,<00:52:06.800> and<00:52:07.040> it<00:52:07.200> was<00:52:07.359> brought<00:52:07.599> about
circumstance, and it was brought about
by<00:52:08.640> three<00:52:09.520> things,<00:52:09.920> three<00:52:10.240> conditions,<00:52:11.119> and
by three things, three conditions, and
you<00:52:11.599> really<00:52:11.760> needed<00:52:12.160> all<00:52:12.400> three<00:52:12.960> in<00:52:13.200> order<00:52:13.280> for
you really needed all three in order for
this<00:52:13.680> to<00:52:13.839> happen.<00:52:14.559> Number<00:52:14.800> one,<00:52:15.040> you<00:52:15.280> had
this to happen. Number one, you had
Daario<00:52:15.920> running<00:52:16.160> around<00:52:16.319> for<00:52:16.480> months<00:52:16.800> saying
Daario running around for months saying
that<00:52:17.200> he<00:52:17.359> had<00:52:17.520> created<00:52:17.760> a<00:52:18.000> cyber<00:52:18.240> weapon.<00:52:18.640> He
that he had created a cyber weapon. He
almost<00:52:18.960> boasted<00:52:19.440> about<00:52:19.680> it.<00:52:20.079> It<00:52:20.240> was<00:52:20.480> mythos.
almost boasted about it. It was mythos.
Okay,<00:52:21.200> so<00:52:21.359> that<00:52:21.520> was<00:52:21.680> number<00:52:21.920> one.<00:52:22.480> Number<00:52:22.800> two
Okay, so that was number one. Number two
is<00:52:23.280> you<00:52:23.520> have<00:52:23.599> a<00:52:23.839> trusted<00:52:24.400> partner<00:52:25.280> of
is you have a trusted partner of
Anthropic<00:52:26.720> which<00:52:26.960> is<00:52:27.280> Amazon<00:52:28.400> which<00:52:28.800> did<00:52:28.960> its
Anthropic which is Amazon which did its
testing<00:52:30.000> of<00:52:30.400> Fable<00:52:30.800> which<00:52:30.960> was<00:52:31.119> Mythos<00:52:31.520> with
testing of Fable which was Mythos with
guardrails<00:52:32.160> and<00:52:32.319> they<00:52:32.559> reported<00:52:32.880> that<00:52:33.040> the
guardrails and they reported that the
guardrails<00:52:34.079> failed.<00:52:35.040> So<00:52:35.280> therefore<00:52:35.680> Fable
guardrails failed. So therefore Fable
was<00:52:36.559> according<00:52:36.880> to<00:52:37.040> Daario<00:52:37.440> a<00:52:37.599> cyber<00:52:37.920> weapon.
was according to Daario a cyber weapon.
So<00:52:38.400> that<00:52:38.640> was<00:52:39.280> important<00:52:40.079> fact<00:52:40.480> number<00:52:40.800> two.
So that was important fact number two.
And<00:52:41.359> then<00:52:41.599> fact<00:52:41.920> number<00:52:42.160> three<00:52:42.480> is<00:52:42.720> that<00:52:43.119> when
And then fact number three is that when
confronted<00:52:45.040> with<00:52:45.359> this<00:52:45.680> information,<00:52:46.960> Daario
confronted with this information, Daario
basically<00:52:49.440> refused<00:52:50.079> to<00:52:50.400> roll<00:52:50.720> back<00:52:51.440> Fable
basically refused to roll back Fable
until<00:52:52.240> the<00:52:52.400> jailbreak<00:52:52.960> could<00:52:53.119> be<00:52:53.280> fixed.<00:52:53.680> Or
until the jailbreak could be fixed. Or
at least<00:52:54.720> that's<00:52:54.960> what<00:52:55.119> he<00:52:55.359> communicated<00:52:55.760> to
at least that's what he communicated to
the<00:52:56.160> administration<00:52:56.960> and<00:52:57.200> that's<00:52:57.359> what<00:52:57.520> the
the administration and that's what the
administration<00:52:58.640> heard.<00:52:59.599> So<00:52:59.920> I<00:53:00.240> think<00:53:00.480> if<00:53:00.800> you
administration heard. So I think if you
change<00:53:01.359> any<00:53:01.599> one<00:53:01.839> of<00:53:02.079> those<00:53:02.319> three<00:53:02.720> facts,
change any one of those three facts,
this<00:53:03.839> would<00:53:04.079> have<00:53:04.319> ended<00:53:04.720> up<00:53:05.040> not<00:53:05.760> causing<00:53:06.480> the
this would have ended up not causing the
government<00:53:07.040> to<00:53:07.280> basically<00:53:07.599> send<00:53:07.760> that<00:53:08.000> that
government to basically send that that
letter<00:53:08.480> to<00:53:08.640> Anthropic.<00:53:09.520> I<00:53:09.760> think<00:53:09.839> if<00:53:10.079> Daario
letter to Anthropic. I think if Daario
hadn't<00:53:10.880> primed<00:53:12.160> officials<00:53:12.720> to<00:53:12.960> see<00:53:13.119> Mythos<00:53:13.599> as
hadn't primed officials to see Mythos as
a<00:53:13.839> cyber<00:53:14.079> weapon,<00:53:15.119> it<00:53:15.280> wouldn't<00:53:15.520> have
a cyber weapon, it wouldn't have
happened.<00:53:16.160> If<00:53:16.480> their<00:53:16.800> trusted<00:53:17.119> partner
happened. If their trusted partner
Amazon<00:53:17.839> hadn't<00:53:18.079> reported<00:53:18.400> the<00:53:18.640> jailbreak,
Amazon hadn't reported the jailbreak,
wouldn't<00:53:19.680> have<00:53:19.839> happened.<00:53:20.160> And<00:53:20.319> if<00:53:20.480> Daario
wouldn't have happened. And if Daario
hadn't<00:53:21.920> refused<00:53:22.400> to<00:53:22.640> take<00:53:22.880> action<00:53:23.200> when<00:53:23.440> he
hadn't refused to take action when he
did,<00:53:24.319> then<00:53:25.040> this<00:53:25.359> wouldn't<00:53:25.599> have<00:53:25.680> happened.<00:53:26.000> I
did, then this wouldn't have happened. I
think<00:53:26.319> this<00:53:26.480> was<00:53:26.640> sort<00:53:26.720> of<00:53:26.800> a<00:53:26.960> unique
think this was sort of a unique
circumstance.<00:53:27.920> I<00:53:28.160> guess<00:53:28.240> what<00:53:28.480> I'm<00:53:28.640> trying<00:53:28.720> to
circumstance. I guess what I'm trying to
say<00:53:29.280> is<00:53:29.599> that<00:53:29.839> a<00:53:30.079> lot<00:53:30.160> of<00:53:30.240> people<00:53:30.400> are<00:53:30.640> reading
say is that a lot of people are reading
a<00:53:31.119> lot<00:53:31.280> into<00:53:31.599> this<00:53:31.920> letter.<00:53:32.559> I<00:53:32.880> know<00:53:32.960> that
a lot into this letter. I know that
foreign<00:53:34.400> companies<00:53:34.960> or<00:53:35.280> foreign<00:53:35.760> actors<00:53:36.240> or
foreign companies or foreign actors or
allies<00:53:37.280> and<00:53:37.440> partners<00:53:37.760> of<00:53:37.920> the<00:53:38.000> US<00:53:38.240> are
allies and partners of the US are
wondering<00:53:39.119> does<00:53:39.280> this<00:53:39.520> mean<00:53:39.760> that<00:53:40.079> our
wondering does this mean that our
ability<00:53:41.359> to<00:53:41.839> access<00:53:42.960> US<00:53:43.280> technologies<00:53:43.760> is
ability to access US technologies is
going<00:53:44.000> to<00:53:44.079> be<00:53:44.240> limited?<00:53:44.640> I<00:53:44.960> don't<00:53:45.119> think<00:53:45.280> it
going to be limited? I don't think it
does.<00:53:46.240> I<00:53:46.480> think<00:53:46.640> that<00:53:46.880> the<00:53:47.119> administration
does. I think that the administration
reacted<00:53:48.079> with<00:53:48.800> the<00:53:49.040> tools<00:53:49.359> at<00:53:49.520> its<00:53:49.760> disposal.
reacted with the tools at its disposal.
And<00:53:51.440> I<00:53:51.680> think<00:53:51.839> that<00:53:52.400> what<00:53:52.640> the<00:53:52.880> president
And I think that what the president
cares<00:53:53.599> about<00:53:54.000> is<00:53:54.240> what<00:53:54.480> he's<00:53:54.720> always<00:53:55.040> said,
cares about is what he's always said,
which<00:53:55.599> is<00:53:56.000> he<00:53:56.240> wants<00:53:56.400> to<00:53:56.480> be<00:53:56.559> pro-<00:53:56.800> innovation.
which is he wants to be pro- innovation.
He<00:53:57.760> wants<00:53:57.920> to<00:53:58.000> be<00:53:58.079> pro<00:53:58.319> export.<00:53:58.800> He<00:53:58.880> wants<00:53:58.960> to
He wants to be pro export. He wants to
be<00:53:59.200> pro<00:53:59.359> infrastructure.<00:54:00.240> He<00:54:00.480> wants<00:54:00.640> to
be pro infrastructure. He wants to
support<00:54:01.200> American<00:54:01.599> companies<00:54:02.000> in<00:54:02.160> the<00:54:02.319> AI
support American companies in the AI
race<00:54:03.520> and<00:54:03.760> I<00:54:04.079> don't<00:54:04.240> think<00:54:04.400> people<00:54:04.640> should
race and I don't think people should
overextrapulate<00:54:05.839> based<00:54:06.160> on<00:54:06.960> what<00:54:07.200> just
overextrapulate based on what just
happened<00:54:07.599> over<00:54:07.839> the<00:54:08.000> past<00:54:08.160> few<00:54:08.319> weeks.<00:54:08.559> I
happened over the past few weeks. I
think<00:54:09.520> highly<00:54:09.839> particular<00:54:10.240> to<00:54:10.400> this<00:54:10.559> fact
think highly particular to this fact
pattern.
>> We<00:54:11.359> a<00:54:11.520> lot<00:54:11.599> of<00:54:11.760> discussion<00:54:12.000> of<00:54:12.160> exports.<00:54:12.640> Let's
>> We a lot of discussion of exports. Let's
talk<00:54:12.960> about<00:54:13.119> imports<00:54:13.520> for<00:54:13.680> a<00:54:13.920> reason.<00:54:14.160> It
talk about imports for a reason. It
seems<00:54:14.559> to<00:54:14.720> me
seems to me
>> that<00:54:16.000> importing<00:54:16.640> Chinese<00:54:17.119> models<00:54:17.440> when<00:54:17.760> we<00:54:17.920> in
>> that importing Chinese models when we in
fact<00:54:18.240> have<00:54:18.480> open-<00:54:18.800> source<00:54:19.119> models<00:54:19.359> here<00:54:19.599> from
fact have open- source models here from
Nvidia<00:54:20.240> and<00:54:20.480> other<00:54:20.720> players.<00:54:21.760> Why<00:54:22.400> have<00:54:22.640> you
Nvidia and other players. Why have you
not<00:54:23.119> or<00:54:23.280> in<00:54:23.440> your<00:54:23.680> during<00:54:24.000> your<00:54:24.160> time<00:54:24.400> did<00:54:24.640> you
not or in your during your time did you
not<00:54:25.040> advise<00:54:25.440> or<00:54:25.680> talk<00:54:25.920> about<00:54:26.160> here<00:54:26.800> blocking
not advise or talk about here blocking
access<00:54:27.839> to<00:54:28.319> import?<00:54:28.880> We<00:54:29.119> will<00:54:29.359> not<00:54:29.520> allow<00:54:29.760> the
access to import? We will not allow the
importation<00:54:30.880> of<00:54:31.200> Huawei<00:54:31.760> products<00:54:32.079> into<00:54:32.319> the
importation of Huawei products into the
United<00:54:32.720> States<00:54:33.280> or<00:54:33.599> self-driving<00:54:34.319> technology
United States or self-driving technology
from<00:54:35.280> China.<00:54:36.000> Why<00:54:36.160> are<00:54:36.319> we<00:54:36.480> allowing<00:54:36.800> open
from China. Why are we allowing open
source<00:54:37.359> models?<00:54:37.680> Why<00:54:37.839> don't<00:54:37.920> we<00:54:38.000> put<00:54:38.240> an
source models? Why don't we put an
edict?<00:54:39.359> And<00:54:39.599> why<00:54:39.760> didn't<00:54:40.000> you<00:54:40.160> suggest<00:54:40.480> that
edict? And why didn't you suggest that
when<00:54:40.880> you<00:54:41.040> were<00:54:41.200> thesar<00:54:41.680> of<00:54:41.839> AI?<00:54:42.319> Why<00:54:42.400> didn't
when you were thesar of AI? Why didn't
we<00:54:43.200> stop<00:54:44.319> Kimmy<00:54:44.800> and<00:54:45.040> Deepseek<00:54:45.599> from<00:54:45.760> coming
we stop Kimmy and Deepseek from coming
into<00:54:46.160> this<00:54:46.319> country<00:54:46.559> in<00:54:46.880> order<00:54:47.040> to<00:54:47.359> drive<00:54:47.680> our
into this country in order to drive our
open<00:54:48.319> source<00:54:48.640> technology<00:54:49.280> and<00:54:49.520> to<00:54:49.680> keep<00:54:50.240> the
open source technology and to keep the
leakage
from<00:54:52.480> those<00:54:52.880> model<00:54:53.200> sacks?
from those model sacks?
>> Well,<00:54:54.160> if<00:54:54.240> you<00:54:54.640> is<00:54:54.720> that<00:54:54.880> a<00:54:55.040> concern<00:54:55.200> of<00:54:55.359> yours?
>> Well, if you is that a concern of yours?
Well,<00:54:56.720> number<00:54:56.960> one<00:54:57.200> is<00:54:57.760> that<00:54:58.240> once<00:54:58.559> a<00:54:58.720> model<00:54:58.960> is
Well, number one is that once a model is
open-<00:54:59.440> sourced,<00:55:00.319> it<00:55:00.800> stops<00:55:01.200> being<00:55:01.599> Chinese<00:55:02.000> in
open- sourced, it stops being Chinese in
a<00:55:02.400> way,<00:55:02.720> right?<00:55:03.119> Because<00:55:03.520> you<00:55:03.839> can<00:55:04.079> now<00:55:04.640> take
a way, right? Because you can now take
that<00:55:05.119> model,<00:55:05.520> you<00:55:05.680> can<00:55:05.839> fork<00:55:06.079> it,<00:55:06.319> you<00:55:06.400> can
that model, you can fork it, you can
create<00:55:06.720> your<00:55:06.880> own<00:55:07.040> version,<00:55:07.680> you<00:55:07.920> run<00:55:08.079> it<00:55:08.240> in
create your own version, you run it in
an<00:55:08.559> American<00:55:08.960> data<00:55:09.280> center<00:55:09.520> on<00:55:09.760> your<00:55:09.920> own
an American data center on your own
hardware.<00:55:10.880> There's<00:55:11.040> no<00:55:11.280> packets<00:55:11.680> going<00:55:11.920> back
hardware. There's no packets going back
to<00:55:12.240> China.<00:55:12.640> There's<00:55:12.800> no<00:55:12.960> data<00:55:13.200> leakage<00:55:13.839> going
to China. There's no data leakage going
back<00:55:14.319> to<00:55:14.559> China.<00:55:15.280> In<00:55:15.520> some<00:55:15.680> sense,<00:55:16.000> they've
back to China. In some sense, they've
made<00:55:16.400> a<00:55:16.559> contribution<00:55:16.960> to<00:55:17.119> the<00:55:17.280> open<00:55:17.520> source
made a contribution to the open source
community.<00:55:18.720> And<00:55:18.880> then<00:55:19.200> people<00:55:19.520> can<00:55:19.680> take<00:55:19.839> it
community. And then people can take it
from<00:55:20.160> there.<00:55:20.880> Now,<00:55:21.280> should<00:55:21.520> you<00:55:21.680> still
from there. Now, should you still
exercise<00:55:22.480> caution?<00:55:23.280> Absolutely.<00:55:24.079> because
exercise caution? Absolutely. because
you<00:55:24.640> have<00:55:24.720> to<00:55:24.800> make<00:55:24.960> sure<00:55:25.119> that<00:55:25.280> the<00:55:25.440> model<00:55:26.000> is
you have to make sure that the model is
safe.<00:55:26.640> It<00:55:26.880> doesn't<00:55:27.200> contain<00:55:28.000> back<00:55:28.319> doors.<00:55:28.880> I
safe. It doesn't contain back doors. I
mean,<00:55:29.280> this<00:55:29.520> is<00:55:29.599> a<00:55:30.160> relatively<00:55:30.720> new<00:55:31.040> surface
mean, this is a relatively new surface
area<00:55:32.559> for<00:55:32.880> cyber<00:55:33.200> security.<00:55:33.839> So,<00:55:34.079> look,<00:55:34.319> you
area for cyber security. So, look, you
should<00:55:35.119> obviously<00:55:35.599> be<00:55:35.839> cautious.<00:55:36.960> But<00:55:37.040> the
should obviously be cautious. But the
bottom<00:55:37.520> line<00:55:37.839> is<00:55:38.160> that<00:55:38.400> when<00:55:38.640> an<00:55:38.880> American
bottom line is that when an American
company<00:55:39.440> takes<00:55:39.680> an<00:55:39.839> open<00:55:40.079> source<00:55:40.319> model<00:55:40.720> and
company takes an open source model and
converts<00:55:41.680> it<00:55:41.839> and<00:55:42.079> runs<00:55:42.240> it<00:55:42.400> itself,<00:55:43.440> it<00:55:43.680> is
converts it and runs it itself, it is
now<00:55:44.160> theirs.
now theirs.
>> But<00:55:44.800> it<00:55:44.960> builds<00:55:45.359> consensus<00:55:45.839> around<00:55:46.160> that
>> But it builds consensus around that
model<00:55:46.559> and<00:55:46.800> makes<00:55:46.960> that<00:55:47.119> model<00:55:47.440> stronger<00:55:47.839> by
model and makes that model stronger by
more<00:55:48.240> people<00:55:48.480> participating<00:55:49.040> in<00:55:49.280> it,<00:55:49.440> which
more people participating in it, which
was<00:55:49.839> your<00:55:50.079> argument<00:55:50.640> for<00:55:51.440> allowing<00:55:51.839> people<00:55:52.079> to
was your argument for allowing people to
get<00:55:52.319> on<00:55:52.480> the<00:55:52.640> hardware<00:55:53.040> stack.
get on the hardware stack.
Well,<00:55:54.960> but<00:55:55.200> then<00:55:55.359> that<00:55:55.520> I<00:55:55.680> think<00:55:55.760> that<00:55:55.920> leads
Well, but then that I think that leads
me<00:55:56.160> to<00:55:56.319> argument<00:55:56.720> number<00:55:56.960> two,<00:55:57.359> which<00:55:57.520> is<00:55:57.920> if
me to argument number two, which is if
you<00:55:58.319> were<00:55:58.480> to<00:55:58.720> do<00:55:58.880> something<00:55:59.200> like<00:55:59.520> ban<00:55:59.920> open
you were to do something like ban open
source<00:56:00.720> in<00:56:00.960> the<00:56:01.119> United<00:56:01.359> States,<00:56:02.240> you'll<00:56:02.480> put
source in the United States, you'll put
the<00:56:02.880> United<00:56:03.119> States<00:56:03.280> on<00:56:03.520> an<00:56:03.680> island.<00:56:04.160> The<00:56:04.319> rest
the United States on an island. The rest
of the<00:56:04.640> world<00:56:04.799> is<00:56:04.960> not<00:56:05.119> going<00:56:05.200> to<00:56:05.359> follow
of the world is not going to follow
suit.<00:56:06.000> The<00:56:06.240> rest<00:56:06.319> of<00:56:06.319> the<00:56:06.559> world<00:56:06.880> wants<00:56:07.200> to<00:56:07.359> use
suit. The rest of the world wants to use
open<00:56:08.000> models<00:56:08.480> because<00:56:08.720> of<00:56:08.880> the<00:56:09.040> advantages
open models because of the advantages
they<00:56:10.160> offer.<00:56:10.799> They're<00:56:11.040> cheaper.<00:56:11.520> They're
they offer. They're cheaper. They're
more<00:56:11.920> customizable.<00:56:12.960> They<00:56:13.119> offer<00:56:13.440> more
more customizable. They offer more
control.<00:56:14.480> And<00:56:14.720> again,<00:56:15.200> they<00:56:15.440> stop<00:56:15.760> being
control. And again, they stop being
Chinese<00:56:17.440> models<00:56:17.920> once<00:56:18.319> you<00:56:18.559> can<00:56:18.720> take<00:56:19.040> them
Chinese models once you can take them
and<00:56:19.760> adapt<00:56:20.160> them<00:56:20.559> and<00:56:20.880> run<00:56:21.040> them<00:56:21.200> on<00:56:21.359> your<00:56:21.520> own
and adapt them and run them on your own
hardware.<00:56:22.559> So<00:56:22.799> the<00:56:23.040> rest<00:56:23.119> of<00:56:23.119> the<00:56:23.280> world's<00:56:23.599> not
hardware. So the rest of the world's not
going<00:56:23.920> to<00:56:24.079> stop<00:56:24.400> using<00:56:24.799> these<00:56:25.119> models<00:56:25.520> just
going to stop using these models just
because<00:56:26.079> we<00:56:26.319> do.<00:56:26.640> And<00:56:26.880> what<00:56:27.040> we<00:56:27.200> will<00:56:27.440> do<00:56:27.680> then
because we do. And what we will do then
is<00:56:28.720> subject<00:56:29.200> American<00:56:29.680> enterprises<00:56:30.319> to<00:56:30.480> a
is subject American enterprises to a
token<00:56:30.960> tax.<00:56:31.280> You're<00:56:31.520> going<00:56:31.599> to<00:56:31.680> end<00:56:31.760> up<00:56:31.920> paying
token tax. You're going to end up paying
for<00:56:33.359> closed<00:56:33.760> models<00:56:34.319> in<00:56:34.559> the<00:56:34.720> US.
for closed models in the US.
>> No,<00:56:35.359> but<00:56:36.559> we<00:56:36.799> have<00:56:36.960> open<00:56:37.200> source<00:56:37.520> models<00:56:37.760> now.
>> No, but we have open source models now.
Nvidia<00:56:38.480> has<00:56:38.640> theirs,<00:56:38.960> for<00:56:39.040> example.<00:56:39.359> There
Nvidia has theirs, for example. There
are<00:56:39.599> other<00:56:39.760> ones.<00:56:40.000> So<00:56:40.160> if<00:56:40.319> there<00:56:40.559> are<00:56:40.720> open
are other ones. So if there are open
source<00:56:41.200> models<00:56:41.440> here<00:56:41.599> that<00:56:41.839> are<00:56:41.920> equally
source models here that are equally
competitive,
>> would<00:56:43.839> you<00:56:44.559> then<00:56:44.880> support<00:56:45.280> an<00:56:45.520> import<00:56:46.000> control
>> would you then support an import control
so<00:56:46.640> that<00:56:47.040> more<00:56:47.359> people<00:56:47.599> in<00:56:47.839> America<00:56:48.240> put<00:56:48.400> their
so that more people in America put their
effort<00:56:48.799> into<00:56:49.119> American<00:56:49.520> open<00:56:49.760> source<00:56:50.000> models?
effort into American open source models?
Well,<00:56:50.400> I've<00:56:50.559> been<00:56:50.720> I've<00:56:50.960> one<00:56:51.119> of<00:56:51.200> the<00:56:51.280> things
Well, I've been I've one of the things
I've<00:56:51.599> been<00:56:51.680> saying<00:56:51.920> for
I've been saying for
>> and<00:56:52.400> Google's<00:56:52.720> open<00:56:52.960> source<00:56:53.200> models.
>> and Google's open source models.
Obviously,
>> one<00:56:54.079> of<00:56:54.079> the<00:56:54.160> things<00:56:54.319> I've<00:56:54.480> been<00:56:54.559> saying<00:56:54.720> for
>> one of the things I've been saying for
over<00:56:55.280> a<00:56:55.599> year<00:56:55.760> is<00:56:56.000> that<00:56:56.240> we<00:56:56.480> need<00:56:56.640> more<00:56:56.960> strong
over a year is that we need more strong
offerings<00:56:58.000> in<00:56:58.319> open<00:56:58.559> source<00:56:58.880> from<00:56:59.119> the<00:56:59.280> United
offerings in open source from the United
States.<00:57:00.000> So,<00:57:00.480> I<00:57:00.799> hope<00:57:00.960> we<00:57:01.119> win<00:57:01.359> the<00:57:01.680> open
States. So, I hope we win the open
category<00:57:03.359> of<00:57:03.760> models<00:57:04.640> just<00:57:04.880> like<00:57:04.960> I<00:57:05.119> do<00:57:05.200> the
category of models just like I do the
closed.<00:57:05.680> I<00:57:05.760> mean,<00:57:05.839> I<00:57:06.000> hope<00:57:06.079> America<00:57:06.400> wins<00:57:06.559> the
closed. I mean, I hope America wins the
AI<00:57:06.960> race<00:57:07.119> in<00:57:07.359> both<00:57:07.520> open<00:57:07.760> and<00:57:08.400> closed<00:57:08.799> models.
AI race in both open and closed models.
I<00:57:09.520> don't<00:57:09.680> really<00:57:09.839> want<00:57:10.000> anyone<00:57:10.400> being<00:57:10.640> forced
I don't really want anyone being forced
to<00:57:11.359> use<00:57:11.599> models<00:57:11.920> they<00:57:12.160> don't<00:57:12.240> want.<00:57:12.559> But<00:57:12.720> look,
to use models they don't want. But look,
if<00:57:13.440> American<00:57:13.920> models,<00:57:14.559> open<00:57:14.880> models<00:57:15.359> are
if American models, open models are
better<00:57:15.760> than<00:57:16.000> Chinese<00:57:16.400> open<00:57:16.640> models,<00:57:16.960> they
better than Chinese open models, they
will<00:57:17.280> win<00:57:17.680> and<00:57:17.920> people<00:57:18.160> will<00:57:18.319> want<00:57:18.480> to<00:57:18.640> adopt
will win and people will want to adopt
them.<00:57:19.359> So<00:57:19.680> if<00:57:19.920> what<00:57:20.160> you're<00:57:20.400> saying<00:57:20.559> is<00:57:20.799> true
them. So if what you're saying is true
that<00:57:21.440> our<00:57:21.680> open<00:57:22.000> models<00:57:22.480> are<00:57:22.799> better<00:57:23.119> or
that our open models are better or
getting<00:57:23.599> better<00:57:23.839> or<00:57:24.079> going<00:57:24.160> to<00:57:24.319> surpass<00:57:24.880> the
getting better or going to surpass the
Chinese<00:57:25.520> ones,<00:57:26.160> leave<00:57:26.400> that<00:57:26.559> to<00:57:26.720> the<00:57:26.880> market
Chinese ones, leave that to the market
to<00:57:27.280> decide.<00:57:28.000> And<00:57:28.160> just<00:57:28.400> one<00:57:28.720> last<00:57:28.960> point<00:57:29.119> on
to decide. And just one last point on
this<00:57:29.599> is,<00:57:30.160> you<00:57:30.319> know,<00:57:30.480> I'm<00:57:30.720> not<00:57:30.880> against
this is, you know, I'm not against
limiting<00:57:32.240> the<00:57:32.480> import<00:57:32.799> of<00:57:33.040> certain<00:57:33.280> Chinese
limiting the import of certain Chinese
products<00:57:33.920> in<00:57:34.079> the<00:57:34.240> US.<00:57:34.480> For<00:57:34.559> example,<00:57:34.880> I<00:57:35.040> don't
products in the US. For example, I don't
think<00:57:35.280> we<00:57:35.520> allow<00:57:36.160> Chinese<00:57:36.559> connected<00:57:36.960> cars.
think we allow Chinese connected cars.
>> We<00:57:37.920> don't
>> We don't
>> I<00:57:38.640> think<00:57:38.720> we<00:57:38.880> should<00:57:39.200> think<00:57:39.440> twice<00:57:39.760> about
>> I think we should think twice about
whether<00:57:40.240> we<00:57:40.480> allow,<00:57:41.280> you<00:57:41.440> know,<00:57:41.599> Chinese
whether we allow, you know, Chinese
robots<00:57:42.480> into<00:57:42.799> the<00:57:42.960> US.<00:57:43.280> I<00:57:43.359> mean,
robots into the US. I mean,
>> yeah,<00:57:45.040> we<00:57:45.200> wouldn't<00:57:45.359> want<00:57:45.520> to<00:57:45.599> have<00:57:45.760> like<00:57:45.920> a
>> yeah, we wouldn't want to have like a
like<00:57:46.400> a<00:57:46.559> fifth<00:57:46.880> column<00:57:47.280> of,
like a fifth column of,
>> you<00:57:48.559> know,<00:57:48.640> of<00:57:48.880> backdoor<00:57:49.359> Chinese<00:57:49.680> robots<00:57:50.079> or
>> you know, of backdoor Chinese robots or
something<00:57:50.400> in<00:57:50.559> the<00:57:50.720> US<00:57:51.200> potentially.<00:57:51.839> I'm
something in the US potentially. I'm
just<00:57:52.240> brainstorming<00:57:52.720> here.<00:57:53.040> Okay.<00:57:53.359> So,<00:57:53.520> I'm
just brainstorming here. Okay. So, I'm
not<00:57:53.920> against<00:57:54.400> limiting<00:57:54.960> certain<00:57:55.280> things,<00:57:55.520> but
not against limiting certain things, but
we<00:57:55.920> should<00:57:56.160> understand<00:57:56.960> that<00:57:57.200> when<00:57:57.440> we<00:57:57.599> do
we should understand that when we do
that,<00:57:58.000> we<00:57:58.240> are<00:57:58.400> inviting<00:57:58.799> retaliation<00:57:59.359> by
that, we are inviting retaliation by
them<00:57:59.839> as<00:58:00.079> well<00:58:00.880> and<00:58:01.280> we<00:58:01.520> are<00:58:01.680> in<00:58:01.839> a<00:58:02.000> trade
them as well and we are in a trade
relationship<00:58:02.559> with<00:58:02.720> them.<00:58:02.960> We<00:58:03.200> still<00:58:03.359> need
relationship with them. We still need
things<00:58:03.680> from<00:58:03.920> them.<00:58:04.160> We<00:58:04.319> still<00:58:04.480> need<00:58:04.640> rare
things from them. We still need rare
earths,<00:58:05.359> things<00:58:05.599> like<00:58:05.760> that.<00:58:06.240> One<00:58:06.480> day<00:58:06.720> we
earths, things like that. One day we
won't<00:58:07.359> hopefully.<00:58:07.760> I<00:58:07.920> do<00:58:08.079> think<00:58:08.160> we<00:58:08.319> should
won't hopefully. I do think we should
try<00:58:08.559> to<00:58:08.720> be<00:58:09.280> as<00:58:09.520> independent<00:58:10.160> and<00:58:10.559> autonomous
try to be as independent and autonomous
as<00:58:11.680> possible,<00:58:12.160> but<00:58:13.440> while<00:58:13.760> we<00:58:13.920> do,<00:58:14.240> we<00:58:14.400> have<00:58:14.480> to
as possible, but while we do, we have to
think<00:58:14.720> very<00:58:15.040> carefully<00:58:15.359> about<00:58:15.599> the<00:58:15.760> larger
think very carefully about the larger
trade<00:58:16.400> relationship.<00:58:17.359> Yeah,<00:58:17.599> Trump<00:58:18.079> banned
trade relationship. Yeah, Trump banned
the<00:58:19.359> import<00:58:19.760> of<00:58:19.920> Chinese<00:58:20.400> drones.<00:58:20.880> It's<00:58:20.960> a
the import of Chinese drones. It's a
signature<00:58:21.440> part<00:58:21.680> of<00:58:21.760> the<00:58:21.920> legislation.<00:58:22.480> So,
signature part of the legislation. So,
um,<00:58:23.760> all<00:58:23.839> right.<00:58:24.319> So,<00:58:24.480> a<00:58:24.559> little<00:58:24.720> housekeeping
um, all right. So, a little housekeeping
here.<00:58:25.839> All-in<00:58:26.319> summit<00:58:26.640> is<00:58:26.799> coming<00:58:26.960> back
here. All-in summit is coming back
September<00:58:27.599> 13th,<00:58:28.000> 14th<00:58:28.319> and<00:58:28.559> 15th.<00:58:29.119> Fifth
September 13th, 14th and 15th. Fifth
year<00:58:29.520> of<00:58:29.680> the<00:58:29.760> summit.<00:58:30.160> Keep<00:58:30.400> raising<00:58:30.640> the
year of the summit. Keep raising the
bar.<00:58:31.119> Man,<00:58:31.359> if<00:58:31.599> you<00:58:31.680> knew<00:58:31.839> the<00:58:32.079> speakers<00:58:32.400> that
bar. Man, if you knew the speakers that
I<00:58:32.799> knew<00:58:33.119> that<00:58:33.359> Freeberg's<00:58:33.920> lined<00:58:34.160> up,<00:58:34.400> your
I knew that Freeberg's lined up, your
brain<00:58:35.119> would<00:58:35.280> explode<00:58:36.480> this<00:58:36.720> year.<00:58:37.040> The
brain would explode this year. The
nights<00:58:37.440> are<00:58:37.599> as<00:58:37.760> good<00:58:37.839> as<00:58:38.000> the<00:58:38.160> days<00:58:38.640> because
nights are as good as the days because
let's<00:58:39.920> face<00:58:40.079> it,<00:58:40.559> Freeberg<00:58:41.119> likes<00:58:41.280> to<00:58:41.440> party.
let's face it, Freeberg likes to party.
He's<00:58:42.079> been<00:58:42.240> known<00:58:42.400> to<00:58:42.559> have<00:58:42.720> a<00:58:42.880> cocktail<00:58:43.200> or
He's been known to have a cocktail or
two.<00:58:43.599> We're<00:58:43.760> doing<00:58:43.920> the<00:58:44.079> biggest<00:58:44.319> poker
two. We're doing the biggest poker
tournament<00:58:44.960> we've<00:58:45.119> ever<00:58:45.280> done<00:58:45.359> at<00:58:45.520> the<00:58:45.680> summit
tournament we've ever done at the summit
this<00:58:46.079> year.<00:58:46.319> Gaming<00:58:46.720> will<00:58:46.960> happen<00:58:47.200> at<00:58:47.440> the
this year. Gaming will happen at the
welcome<00:58:48.000> party<00:58:48.640> and<00:58:48.960> we're<00:58:49.119> going<00:58:49.200> to<00:58:49.280> have<00:58:49.359> a
welcome party and we're going to have a
full<00:58:49.680> casino<00:58:50.079> night<00:58:50.400> at<00:58:50.640> an<00:58:50.880> exclusive
full casino night at an exclusive
mansion<00:58:51.760> in<00:58:52.000> LA.<00:58:52.400> Ooh<00:58:52.559> la<00:58:52.640> la.<00:58:53.359> Applications
mansion in LA. Ooh la la. Applications
open<00:58:54.319> now.<00:58:54.640> Allin.com.<00:58:55.520> Don't<00:58:55.760> miss<00:58:56.319> our
open now. Allin.com. Don't miss our
biggest<00:58:57.119> event<00:58:57.520> of<00:58:57.760> the<00:58:57.920> year.<00:58:58.640> I<00:58:58.799> think<00:58:58.960> we
biggest event of the year. I think we
have<00:58:59.280> 12<00:58:59.520> trillion<00:58:59.839> in<00:59:00.000> market<00:59:00.319> cap<00:59:00.559> books<00:59:00.799> so
have 12 trillion in market cap books so
far.<00:59:01.280> It's<00:59:01.599> probably<00:59:01.760> going<00:59:01.920> to<00:59:02.000> double.
far. It's probably going to double.
Okay,<00:59:03.040> next<00:59:03.359> topic.<00:59:03.760> Topic<00:59:04.160> number<00:59:04.400> three.
Okay, next topic. Topic number three.
It's<00:59:04.880> a<00:59:05.119> hot<00:59:05.440> scot<00:59:05.680> this<00:59:06.000> summer.<00:59:06.720> The
It's a hot scot this summer. The
justices<00:59:07.760> released<00:59:08.240> 11<00:59:08.640> decisions<00:59:09.040> in<00:59:09.280> the
justices released 11 decisions in the
final<00:59:09.680> few<00:59:09.839> days<00:59:10.079> of<00:59:10.240> the<00:59:10.400> term.<00:59:11.119> Let's
final few days of the term. Let's
discuss<00:59:11.680> the<00:59:11.920> top<00:59:12.079> three<00:59:12.319> right<00:59:12.480> now.
discuss the top three right now.
Birthright<00:59:13.440> citizenship<00:59:14.720> case<00:59:15.040> was<00:59:15.359> Trump
Birthright citizenship case was Trump
versus<00:59:16.400> Barbara.<00:59:17.200> On<00:59:17.359> the<00:59:17.520> first<00:59:17.680> day<00:59:17.760> of<00:59:17.920> his
versus Barbara. On the first day of his
second<00:59:18.240> term,<00:59:18.559> Trump,<00:59:18.880> as<00:59:19.119> you<00:59:19.200> know,<00:59:19.440> signed
second term, Trump, as you know, signed
an<00:59:19.839> EO<00:59:20.240> ending<00:59:20.720> automatic<00:59:21.359> citizenship<00:59:22.319> for
an EO ending automatic citizenship for
children<00:59:23.040> born<00:59:23.280> to<00:59:23.599> illegal<00:59:23.920> immigrants<00:59:24.319> or
children born to illegal immigrants or
those<00:59:24.880> on<00:59:25.040> temporary<00:59:25.440> visas.<00:59:26.319> Uh<00:59:26.559> this<00:59:26.720> is
those on temporary visas. Uh this is
codified,<00:59:27.359> I<00:59:27.520> guess,<00:59:27.599> in<00:59:27.839> the<00:59:27.920> 14th
codified, I guess, in the 14th
amendment.<00:59:28.799> Court<00:59:29.040> struck<00:59:29.280> it<00:59:29.359> down<00:59:29.599> 63,
amendment. Court struck it down 63,
maybe<00:59:30.240> 54.<00:59:30.720> There's<00:59:30.880> some<00:59:31.040> nuance<00:59:31.440> here.
maybe 54. There's some nuance here.
255,000<00:59:33.520> children<00:59:34.240> are<00:59:34.559> born<00:59:34.960> every<00:59:35.280> year<00:59:35.599> to
255,000 children are born every year to
non-citizen<00:59:36.799> parents.<00:59:37.280> Chief<00:59:37.520> Justice
non-citizen parents. Chief Justice
Roberts<00:59:38.319> wrote,<00:59:38.559> "The<00:59:38.799> majority,<00:59:39.440> joined<00:59:39.760> by
Roberts wrote, "The majority, joined by
all<00:59:40.079> three<00:59:40.480> liberal<00:59:40.960> members."<00:59:41.440> The<00:59:41.680> court<00:59:42.000> is
all three liberal members." The court is
still<00:59:42.480> a<00:59:42.720> bit<00:59:43.599> uh<00:59:43.680> polarized<00:59:44.319> citizenship
still a bit uh polarized citizenship
then<00:59:45.200> and<00:59:45.440> now<00:59:45.760> was<00:59:46.000> the<00:59:46.160> right<00:59:46.400> to<00:59:46.559> have
then and now was the right to have
rights.<00:59:47.200> We<00:59:47.440> keep<00:59:47.599> that<00:59:47.839> promise<00:59:48.240> today
rights. We keep that promise today
according<00:59:49.040> to<00:59:49.280> Chief<00:59:49.520> Justice's<00:59:50.880> majority.
according to Chief Justice's majority.
Kavanaaugh<00:59:52.160> carved<00:59:52.400> out<00:59:52.559> a<00:59:52.720> lane<00:59:53.040> for
Kavanaaugh carved out a lane for
Congress<00:59:53.599> to<00:59:53.760> tighten<00:59:54.000> up<00:59:54.160> on<00:59:54.400> birthright
Congress to tighten up on birthright
citizenship.<00:59:55.839> That's<00:59:56.079> still<00:59:56.240> consistent
citizenship. That's still consistent
with<00:59:56.720> the<00:59:56.880> 14th<00:59:57.280> Amendment.<00:59:57.760> Uh,<00:59:58.079> as<00:59:58.319> you
with the 14th Amendment. Uh, as you
know,<00:59:58.720> the<00:59:58.960> administration<00:59:59.520> has<00:59:59.760> been
know, the administration has been
pointing<01:00:00.240> out,<01:00:00.400> and<01:00:00.720> you've<01:00:01.040> watched<01:00:01.359> Fox
pointing out, and you've watched Fox
News,<01:00:01.839> you've<01:00:02.079> heard<01:00:02.160> this<01:00:02.319> a<01:00:02.480> million<01:00:02.720> times.
News, you've heard this a million times.
If<01:00:03.359> you<01:00:03.440> watch<01:00:03.680> CNN<01:00:04.480> and<01:00:04.559> Not<01:00:04.799> All<01:00:05.040> In,<01:00:05.599> you're
If you watch CNN and Not All In, you're
going<01:00:05.920> to<01:00:06.079> maybe<01:00:06.240> have<01:00:06.400> heard<01:00:06.559> of<01:00:06.640> this<01:00:06.799> once
going to maybe have heard of this once
or<01:00:07.280> twice.<01:00:07.680> Birth<01:00:08.079> tourism.<01:00:09.280> A<01:00:09.520> Chinese
or twice. Birth tourism. A Chinese
national,<01:00:10.480> Dong<01:00:10.799> Wan<01:00:11.200> Lee,<01:00:11.680> plead<01:00:11.920> guilty<01:00:12.240> in
national, Dong Wan Lee, plead guilty in
2019<01:00:12.960> to<01:00:13.119> a<01:00:13.359> scheme<01:00:13.520> to<01:00:13.680> help<01:00:13.920> pregnant
2019 to a scheme to help pregnant
Chinese<01:00:14.559> women<01:00:14.799> enter<01:00:15.040> the<01:00:15.200> US<01:00:15.440> under<01:00:15.680> false
Chinese women enter the US under false
pretenses<01:00:16.720> so<01:00:16.880> their<01:00:17.119> babies<01:00:17.359> would<01:00:17.599> be
pretenses so their babies would be
granted<01:00:18.160> US<01:00:18.480> citizenship.<01:00:19.599> She<01:00:19.839> pled<01:00:20.319> guilty
granted US citizenship. She pled guilty
to<01:00:20.880> one<01:00:21.119> count<01:00:21.359> of<01:00:21.520> conspiracy<01:00:22.480> to<01:00:22.720> commit
to one count of conspiracy to commit
immigration<01:00:23.680> fraud<01:00:24.000> and<01:00:24.240> one<01:00:24.400> count<01:00:24.559> of<01:00:24.720> visa
immigration fraud and one count of visa
fraud.<01:00:25.200> So<01:00:25.440> we<01:00:25.520> we<01:00:25.760> handled<01:00:26.000> that<01:00:26.240> through<01:00:26.640> the
fraud. So we we handled that through the
legal<01:00:27.119> system.<01:00:27.440> She<01:00:27.680> served<01:00:27.920> 10<01:00:28.079> months<01:00:28.400> in
legal system. She served 10 months in
prison.<01:00:30.079> Trump's<01:00:30.559> response<01:00:30.960> to<01:00:31.119> the<01:00:31.520> loss.
prison. Trump's response to the loss.
Quote,<01:00:33.119> "Congress<01:00:33.680> should<01:00:34.000> start<01:00:34.319> today<01:00:34.799> to
Quote, "Congress should start today to
work<01:00:35.440> on<01:00:35.839> ending<01:00:36.160> birthright<01:00:36.799> citizenship.
work on ending birthright citizenship.
They<01:00:37.920> will<01:00:38.079> have<01:00:38.480> my<01:00:38.720> complete<01:00:39.040> and<01:00:39.359> total
They will have my complete and total
support<01:00:40.960> for<01:00:41.440> Trump.<01:00:41.839> Feels<01:00:42.160> like<01:00:42.240> a<01:00:42.400> loss<01:00:42.640> for
support for Trump. Feels like a loss for
Trump<01:00:43.280> objectively,
Trump objectively,
but<01:00:45.040> he's<01:00:45.280> going<01:00:45.359> to<01:00:45.440> keep<01:00:45.599> fighting<01:00:45.920> this
but he's going to keep fighting this
one."<01:00:47.040> Close<01:00:47.359> decision.<01:00:47.920> Uh<01:00:48.079> if<01:00:48.240> you<01:00:48.319> ask
one." Close decision. Uh if you ask
Steven<01:00:48.880> Miller,<01:00:49.280> he<01:00:49.520> doesn't<01:00:49.680> like
Steven Miller, he doesn't like
immigrants<01:00:50.240> like<01:00:50.400> you<01:00:50.640> three<01:00:50.880> dudes.<01:00:51.920> But<01:00:52.079> I
immigrants like you three dudes. But I
would<01:00:52.400> let<01:00:52.559> all<01:00:52.799> three<01:00:52.960> of<01:00:53.040> you<01:00:53.200> in.<01:00:53.520> Again,
would let all three of you in. Again,
>> that's<01:00:54.799> not<01:00:54.960> his<01:00:55.200> position.
>> that's not his position.
>> Okay.<01:00:56.240> Well,<01:00:56.400> you<01:00:56.559> can<01:00:56.720> explain.<01:00:57.280> I<01:00:57.440> know<01:00:57.520> he
>> Okay. Well, you can explain. I know he
doesn't<01:00:57.839> like<01:00:58.000> immigrants.
doesn't like immigrants.
>> We're<01:00:58.559> legal<01:00:58.799> immigrants.<01:00:59.440> We're<01:00:59.839> legal
>> We're legal immigrants. We're legal
immigrants.
>> Yes.<01:01:01.440> Well,<01:01:01.680> but
>> Yes. Well, but
>> you<01:01:02.079> understand<01:01:02.319> the<01:01:02.559> difference,<01:01:02.880> right?
>> you understand the difference, right?
>> Well,<01:01:03.599> birthright<01:01:04.160> would<01:01:04.319> also<01:01:04.559> be<01:01:04.720> legal
>> Well, birthright would also be legal
according<01:01:05.280> to<01:01:05.359> the<01:01:05.520> Constitution.
according to the Constitution.
>> Yeah.<01:01:06.960> But<01:01:07.119> that's<01:01:07.359> the<01:01:07.520> whole<01:01:07.760> point<01:01:08.079> is<01:01:08.319> it
>> Yeah. But that's the whole point is it
doesn't<01:01:08.799> really<01:01:08.960> make<01:01:09.200> sense<01:01:09.520> that<01:01:09.839> let's<01:01:10.000> say
doesn't really make sense that let's say
an<01:01:10.400> illegal<01:01:10.640> immigrant<01:01:11.280> runs<01:01:11.599> across<01:01:11.839> the
an illegal immigrant runs across the
border,<01:01:12.960> is<01:01:13.119> like<01:01:13.280> 9<01:01:13.520> months<01:01:13.839> pregnant,<01:01:14.319> plops
border, is like 9 months pregnant, plops
out<01:01:14.799> a<01:01:15.040> baby,<01:01:15.200> and<01:01:15.359> all<01:01:15.440> of<01:01:15.520> a<01:01:15.599> sudden<01:01:15.760> they're
out a baby, and all of a sudden they're
an<01:01:16.079> American<01:01:16.400> citizen.<01:01:16.880> How<01:01:17.040> does<01:01:17.119> that<01:01:17.280> make
an American citizen. How does that make
sense?<01:01:18.160> Uh,<01:01:18.480> what<01:01:18.640> about<01:01:18.960> somebody<01:01:19.280> who's
sense? Uh, what about somebody who's
been<01:01:19.599> here<01:01:19.760> for<01:01:20.000> 20<01:01:20.160> years,<01:01:20.400> Sachs,<01:01:21.040> worked
been here for 20 years, Sachs, worked
really<01:01:21.599> hard,<01:01:22.000> they're<01:01:22.400> illegal,<01:01:22.880> and<01:01:23.040> they
really hard, they're illegal, and they
have<01:01:23.359> a<01:01:23.520> baby.<01:01:23.839> Should<01:01:24.079> the<01:01:24.559> baby<01:01:24.799> kicked<01:01:25.040> out
have a baby. Should the baby kicked out
and<01:01:25.280> that<01:01:25.440> baby<01:01:25.599> not<01:01:25.760> be<01:01:25.920> a<01:01:26.000> citizen?<01:01:26.400> You're,
and that baby not be a citizen? You're,
let's<01:01:27.280> say<01:01:27.440> it's<01:01:27.680> somebody's<01:01:28.160> nanny,
let's say it's somebody's nanny,
somebody's<01:01:29.119> gardener.<01:01:29.599> We<01:01:29.760> have<01:01:29.920> 20<01:01:30.160> million,
somebody's gardener. We have 20 million,
30<01:01:30.640> million<01:01:30.960> illegal<01:01:31.200> immigrants<01:01:31.520> we've<01:01:31.680> let
30 million illegal immigrants we've let
into<01:01:32.079> this<01:01:32.319> country.<01:01:32.640> We<01:01:32.880> wave<01:01:33.119> them<01:01:33.280> in
into this country. We wave them in
across<01:01:33.839> many<01:01:34.240> different<01:01:35.040> Republican<01:01:35.599> and
across many different Republican and
Democratic<01:01:36.640> terms<01:01:37.040> over<01:01:37.280> the<01:01:37.440> last<01:01:37.680> 30<01:01:37.920> years.
Democratic terms over the last 30 years.
What<01:01:38.720> do<01:01:38.799> you<01:01:38.960> say<01:01:39.040> to<01:01:39.200> that<01:01:39.440> person<01:01:39.520> who<01:01:39.760> has<01:01:39.839> a
What do you say to that person who has a
baby?<01:01:40.240> Should<01:01:40.400> they<01:01:40.559> be<01:01:40.720> deported?<01:01:41.280> Should
baby? Should they be deported? Should
they<01:01:41.599> be<01:01:41.680> given<01:01:42.000> citizenship?
they be given citizenship?
>> Well,<01:01:43.119> look,<01:01:43.280> the<01:01:43.520> question<01:01:43.680> here<01:01:43.920> is<01:01:44.079> what
>> Well, look, the question here is what
the<01:01:44.480> Constitution<01:01:45.040> says.<01:01:45.599> And<01:01:45.920> my<01:01:46.240> view<01:01:46.640> is
the Constitution says. And my view is
that<01:01:47.280> the<01:01:47.599> original<01:01:48.079> purpose<01:01:48.400> and
that the original purpose and
understanding<01:01:49.119> of<01:01:49.359> the<01:01:49.599> 14th<01:01:50.079> amendment<01:01:50.720> was
understanding of the 14th amendment was
to<01:01:51.200> make<01:01:51.359> sure<01:01:51.520> that<01:01:51.680> the<01:01:51.920> children<01:01:52.240> of<01:01:52.400> freed
to make sure that the children of freed
slaves<01:01:53.280> would<01:01:53.599> have<01:01:54.240> citizenship<01:01:54.960> rights.
slaves would have citizenship rights.
That<01:01:55.599> was<01:01:55.680> the<01:01:55.920> purpose<01:01:56.079> of<01:01:56.240> it.<01:01:56.640> That<01:01:56.960> it's
That was the purpose of it. That it's
obvious.<01:01:58.319> And<01:01:58.480> I<01:01:58.720> don't<01:01:58.880> think<01:01:58.960> it<01:01:59.200> speaks<01:01:59.440> to
obvious. And I don't think it speaks to
the<01:01:59.760> situations<01:02:00.160> you're<01:02:00.480> talking<01:02:00.640> about<01:02:00.799> and
the situations you're talking about and
Congress<01:02:01.440> should<01:02:01.680> just<01:02:01.920> make<01:02:02.079> the<01:02:02.240> law<01:02:02.720> about
Congress should just make the law about
those<01:02:03.440> situations.<01:02:04.559> But<01:02:04.720> now<01:02:05.040> Congress
those situations. But now Congress
cannot<01:02:05.760> make<01:02:05.920> the<01:02:06.160> law<01:02:06.480> because<01:02:06.960> the<01:02:07.440> Supreme
cannot make the law because the Supreme
Court<01:02:08.240> has<01:02:08.559> ruled<01:02:09.440> that<01:02:10.559> citizenship<01:02:11.200> is
Court has ruled that citizenship is
determined<01:02:12.160> by<01:02:12.400> birthright.<01:02:13.040> So<01:02:13.760> in<01:02:14.000> that
determined by birthright. So in that
case,<01:02:14.880> My<01:02:15.119> question<01:02:15.359> was<01:02:15.839> somebody<01:02:16.160> who's
case, My question was somebody who's
been<01:02:16.480> here<01:02:16.720> 20<01:02:16.880> years<01:02:17.119> as<01:02:17.280> an<01:02:17.440> illegal
been here 20 years as an illegal
immigrant<01:02:18.880> underrange.
immigrant underrange.
>> I'm<01:02:20.240> saying<01:02:20.480> Congress<01:02:20.799> should
>> I'm saying Congress should
>> What<01:02:21.200> do<01:02:21.280> you<01:02:21.440> think?<01:02:21.599> I'm<01:02:21.760> asking<01:02:22.000> you<01:02:22.160> your
>> What do you think? I'm asking you your
personal<01:02:22.640> opinion.<01:02:22.960> Should<01:02:23.040> they<01:02:23.280> get
personal opinion. Should they get
>> I<01:02:23.839> mean,<01:02:24.000> look,<01:02:24.160> that's<01:02:24.319> you're<01:02:24.559> talking
>> I mean, look, that's you're talking
about<01:02:24.799> an<01:02:24.960> edge<01:02:25.280> case.<01:02:25.440> It's<01:02:25.680> complicated.
about an edge case. It's complicated.
But<01:02:26.720> the<01:02:26.960> point<01:02:27.280> is<01:02:27.760> that<01:02:28.880> we<01:02:29.119> all<01:02:29.280> know<01:02:29.520> why
But the point is that we all know why
the<01:02:29.839> 14th<01:02:30.240> Amendment<01:02:30.640> was<01:02:30.799> ratified.<01:02:31.520> It<01:02:31.680> was
the 14th Amendment was ratified. It was
to<01:02:32.000> protect<01:02:32.400> freed<01:02:32.799> slaves,<01:02:33.520> obviously.<01:02:34.960> And
to protect freed slaves, obviously. And
now<01:02:35.599> we're<01:02:35.760> in<01:02:36.000> territory<01:02:36.480> that's<01:02:36.720> like<01:02:36.960> very
now we're in territory that's like very
different.<01:02:37.839> But<01:02:38.559> the<01:02:38.720> Supreme<01:02:39.040> Court<01:02:39.200> has
different. But the Supreme Court has
decided<01:02:39.839> that<01:02:40.160> if<01:02:40.400> you're<01:02:40.640> born<01:02:40.880> here<01:02:41.040> for<01:02:41.280> any
decided that if you're born here for any
reason<01:02:41.760> whatsoever,<01:02:42.400> even<01:02:42.640> if<01:02:42.799> you're<01:02:42.880> an
reason whatsoever, even if you're an
illegal,<01:02:43.839> even<01:02:44.000> if<01:02:44.160> you<01:02:44.240> weren't<01:02:44.480> supposed<01:02:44.559> to
illegal, even if you weren't supposed to
be<01:02:44.720> in<01:02:44.880> the<01:02:45.040> country,<01:02:45.280> now<01:02:45.440> your<01:02:45.680> children<01:02:45.920> are
be in the country, now your children are
American<01:02:46.799> citizens.<01:02:47.440> By<01:02:47.599> the<01:02:47.680> way,<01:02:47.839> I<01:02:48.000> don't
American citizens. By the way, I don't
think<01:02:48.240> any<01:02:48.400> country<01:02:48.640> in<01:02:48.799> the<01:02:48.880> world<01:02:49.200> has<01:02:49.440> this
think any country in the world has this
policy.<01:02:50.160> It's<01:02:50.400> kind<01:02:50.480> of<01:02:50.559> a<01:02:50.799> crazy<01:02:51.119> policy.<01:02:51.920> So,
policy. It's kind of a crazy policy. So,
I<01:02:52.240> agree<01:02:52.400> with<01:02:52.559> Stephen<01:02:52.799> Miller<01:02:53.040> about<01:02:53.119> this.
I agree with Stephen Miller about this.
>> I'm<01:02:53.440> not<01:02:53.520> sure<01:02:53.599> it's<01:02:53.680> an<01:02:53.839> edge<01:02:54.000> case.<01:02:54.240> I<01:02:54.400> think
>> I'm not sure it's an edge case. I think
I<01:02:54.799> think<01:02:54.880> the<01:02:55.040> majority<01:02:55.440> case<01:02:55.599> is<01:02:55.839> people
I think the majority case is people
who've<01:02:56.160> been<01:02:56.319> here<01:02:56.640> illegally<01:02:57.040> for<01:02:57.280> for
who've been here illegally for for
decades.<01:02:58.079> And<01:02:58.240> I<01:02:58.400> think<01:02:58.480> the<01:02:59.040> edge<01:02:59.280> case,<01:03:00.160> the
decades. And I think the edge case, the
one<01:03:00.400> you<01:03:00.640> proposed<01:03:00.960> is<01:03:01.119> the<01:03:01.200> edge<01:03:01.440> case,<01:03:01.680> like
one you proposed is the edge case, like
a<01:03:02.079> pregnant<01:03:02.400> woman<01:03:02.640> running<01:03:02.880> across<01:03:03.040> the
a pregnant woman running across the
border.
>> Let<01:03:03.839> Congress<01:03:04.160> decide<01:03:04.559> that.<01:03:04.880> I<01:03:05.119> don't<01:03:05.200> think
>> Let Congress decide that. I don't think
the<01:03:05.520> Constitution<01:03:06.000> ever<01:03:06.240> spoke<01:03:06.400> to<01:03:06.480> this.
the Constitution ever spoke to this.
What's<01:03:06.720> your<01:03:06.960> personal<01:03:07.200> opinion<01:03:07.440> on<01:03:07.520> this,
What's your personal opinion on this,
Shimat?<01:03:08.160> Should<01:03:08.319> the<01:03:08.559> person<01:03:08.720> who's<01:03:09.040> been
Shimat? Should the person who's been
here<01:03:09.280> for<01:03:09.440> 10,<01:03:09.680> 20<01:03:09.839> years,<01:03:10.160> paid<01:03:10.400> their<01:03:10.559> taxes,
here for 10, 20 years, paid their taxes,
but<01:03:11.200> they're<01:03:11.440> illegal,<01:03:11.760> and<01:03:11.920> they<01:03:12.079> have<01:03:12.160> a
but they're illegal, and they have a
child,<01:03:12.640> should<01:03:13.200> that<01:03:13.440> child<01:03:13.680> be<01:03:13.839> a<01:03:14.000> citizen<01:03:14.319> or
child, should that child be a citizen or
not?<01:03:14.799> What's<01:03:15.039> Shmat's<01:03:15.599> personal<01:03:15.920> opinion
not? What's Shmat's personal opinion
here?
>> I<01:03:18.640> haven't<01:03:18.799> thought<01:03:18.960> about<01:03:19.200> this.
>> I haven't thought about this.
>> Great.<01:03:20.480> Okay.<01:03:20.960> It's<01:03:21.280> uh<01:03:21.440> I<01:03:21.599> mean,<01:03:21.680> that's<01:03:21.839> the
>> Great. Okay. It's uh I mean, that's the
key<01:03:22.160> to<01:03:22.240> the<01:03:22.640> uh<01:03:22.960> I<01:03:23.200> think<01:03:23.520> what<01:03:23.680> we're<01:03:23.920> talking
key to the uh I think what we're talking
about<01:03:24.160> here.<01:03:24.400> Free.
about here. Free.
>> No,<01:03:25.280> no,<01:03:25.440> no,<01:03:25.680> no.<01:03:25.920> Because<01:03:26.319> J,<01:03:26.720> there's<01:03:26.880> a<01:03:27.039> big
>> No, no, no, no. Because J, there's a big
difference<01:03:27.599> between<01:03:28.640> making<01:03:29.039> something
difference between making something
constitutional<01:03:30.319> and<01:03:30.559> then<01:03:30.799> doing<01:03:30.960> it<01:03:31.200> via<01:03:31.520> a
constitutional and then doing it via a
law<01:03:32.079> of<01:03:32.319> Congress.<01:03:32.960> And<01:03:33.200> what<01:03:33.440> Supreme<01:03:33.599> Court
law of Congress. And what Supreme Court
has<01:03:34.480> said<01:03:34.720> here<01:03:35.039> is<01:03:35.280> that<01:03:35.680> Congress<01:03:36.480> does<01:03:36.720> not
has said here is that Congress does not
get<01:03:37.039> to<01:03:37.119> make<01:03:37.280> the<01:03:37.520> decision.<01:03:38.079> The<01:03:38.319> majority
get to make the decision. The majority
of<01:03:38.720> the<01:03:38.880> American<01:03:39.280> people<01:03:39.599> don't<01:03:39.760> get<01:03:39.920> to<01:03:40.079> make
of the American people don't get to make
the<01:03:40.400> decision.<01:03:41.039> The<01:03:41.280> Constitution<01:03:41.839> requires
the decision. The Constitution requires
a<01:03:42.799> certain<01:03:43.119> point<01:03:43.280> of<01:03:43.520> view<01:03:44.079> and<01:03:44.319> there's<01:03:44.480> no
a certain point of view and there's no
way<01:03:44.720> to<01:03:44.880> change<01:03:45.039> that<01:03:45.200> without<01:03:45.440> a
way to change that without a
constitutional<01:03:46.079> amendment,<01:03:46.559> which<01:03:46.799> will
constitutional amendment, which will
never<01:03:47.280> happen.<01:03:47.680> So,<01:03:47.920> we're<01:03:48.160> kind<01:03:48.240> of<01:03:48.400> now
never happen. So, we're kind of now
stuck<01:03:49.280> with<01:03:49.520> this<01:03:49.839> position.<01:03:50.559> Hm.<01:03:50.960> Well,<01:03:51.280> if
stuck with this position. Hm. Well, if
you<01:03:51.680> read<01:03:51.839> the<01:03:52.400> language<01:03:52.799> and<01:03:53.119> someone<01:03:53.520> posted
you read the language and someone posted
this,<01:03:54.160> this<01:03:54.400> was<01:03:54.559> the<01:03:54.880> debate<01:03:56.160> that<01:03:56.480> when<01:03:56.720> the
this, this was the debate that when the
14th<01:03:57.359> amendment<01:03:57.680> was<01:03:57.920> being<01:03:58.160> debated,
14th amendment was being debated,
Senator<01:03:59.200> Jacob<01:03:59.680> Howard,<01:04:00.160> I'll<01:04:00.319> give<01:04:00.480> credit
Senator Jacob Howard, I'll give credit
to<01:04:00.880> Guyer<01:04:01.280> Capital<01:04:01.760> for<01:04:02.000> pointing<01:04:02.319> this<01:04:02.480> out.
to Guyer Capital for pointing this out.
There's<01:04:03.520> a<01:04:03.680> transcript<01:04:04.160> of<01:04:04.319> the<01:04:04.480> debate<01:04:04.720> that
There's a transcript of the debate that
took<01:04:05.119> place<01:04:05.280> and<01:04:05.440> it<01:04:05.680> says<01:04:06.240> um<01:04:06.880> every<01:04:07.200> person
took place and it says um every person
born<01:04:07.920> within<01:04:08.240> the<01:04:08.319> limits<01:04:08.640> of<01:04:08.720> the<01:04:08.880> United
born within the limits of the United
States<01:04:09.280> and<01:04:09.599> subject<01:04:09.839> to<01:04:10.000> their<01:04:10.240> jurisdiction
States and subject to their jurisdiction
is<01:04:11.039> by<01:04:11.200> virtue<01:04:11.440> of<01:04:11.599> natural<01:04:12.000> law,<01:04:12.319> national
is by virtue of natural law, national
law<01:04:13.039> a<01:04:13.280> citizen<01:04:13.520> of<01:04:13.680> the<01:04:13.760> United<01:04:14.000> States.<01:04:14.960> This
law a citizen of the United States. This
will<01:04:15.440> not<01:04:15.760> of<01:04:16.000> course<01:04:17.200> include<01:04:17.760> persons<01:04:18.240> born
will not of course include persons born
in<01:04:18.640> the<01:04:18.720> United<01:04:18.960> States<01:04:19.200> who<01:04:19.440> are<01:04:19.599> foreigners,
in the United States who are foreigners,
aliens<01:04:21.200> who<01:04:21.440> belong<01:04:21.760> to<01:04:21.839> the<01:04:22.079> families<01:04:22.319> of
aliens who belong to the families of
ambassadors<01:04:22.960> or<01:04:23.200> foreign<01:04:23.440> ministers
ambassadors or foreign ministers
accredited<01:04:24.720> to<01:04:24.960> the<01:04:25.119> government<01:04:25.280> of<01:04:25.440> the
accredited to the government of the
United<01:04:25.760> States,<01:04:26.000> but<01:04:26.240> will<01:04:26.480> include<01:04:26.880> every
United States, but will include every
other<01:04:27.440> class<01:04:27.680> of<01:04:27.839> persons.<01:04:28.640> Because<01:04:28.880> if<01:04:29.119> you
other class of persons. Because if you
go<01:04:29.359> to<01:04:29.520> the<01:04:29.680> history<01:04:30.079> in<01:04:30.319> 1868,<01:04:31.599> there<01:04:31.839> was
go to the history in 1868, there was
this<01:04:32.640> Dread<01:04:33.039> Scott<01:04:33.440> decision<01:04:34.799> which<01:04:35.200> denied
this Dread Scott decision which denied
citizenship<01:04:36.960> to<01:04:37.280> the<01:04:37.520> children<01:04:37.839> of<01:04:38.000> slaves.
citizenship to the children of slaves.
And<01:04:39.280> the<01:04:39.520> intention<01:04:39.839> at<01:04:40.079> the<01:04:40.240> time<01:04:40.400> was<01:04:40.559> to
And the intention at the time was to
ensure<01:04:41.119> citizenship<01:04:41.680> for<01:04:41.920> newly<01:04:42.240> freed
ensure citizenship for newly freed
slaves<01:04:42.960> and<01:04:43.200> their<01:04:43.440> descendants.<01:04:44.160> That<01:04:44.400> was
slaves and their descendants. That was
the<01:04:44.720> original<01:04:45.119> intention<01:04:45.599> of<01:04:45.839> the<01:04:46.000> 14th
the original intention of the 14th
amendment<01:04:46.720> at<01:04:46.960> the<01:04:47.039> time.<01:04:47.599> So<01:04:47.760> this<01:04:48.000> goes<01:04:48.319> back
amendment at the time. So this goes back
to<01:04:49.039> the<01:04:49.280> great<01:04:49.520> debate<01:04:49.839> that<01:04:50.079> happens<01:04:50.400> at<01:04:50.640> the
to the great debate that happens at the
Supreme<01:04:51.119> Court<01:04:51.359> all<01:04:51.599> the<01:04:51.839> time,<01:04:52.720> which<01:04:52.960> is<01:04:53.119> the
Supreme Court all the time, which is the
textual<01:04:54.079> or<01:04:54.319> the<01:04:54.480> intentional<01:04:55.119> reading<01:04:55.920> of
textual or the intentional reading of
the<01:04:56.400> Constitution<01:04:57.039> or<01:04:57.280> its<01:04:57.520> amendments.<01:04:58.000> The
the Constitution or its amendments. The
textual<01:04:58.720> reading<01:04:59.359> is<01:04:59.680> you<01:04:59.839> look<01:05:00.000> strictly<01:05:00.319> at
textual reading is you look strictly at
the<01:05:00.720> words,<01:05:00.960> the<01:05:01.280> plain<01:05:01.839> literal<01:05:02.319> meaning<01:05:02.960> of
the words, the plain literal meaning of
those<01:05:03.520> words.<01:05:04.160> And<01:05:04.319> then<01:05:04.480> the<01:05:04.640> intentional
those words. And then the intentional
reading<01:05:05.680> is<01:05:06.160> what<01:05:06.400> was<01:05:06.640> intended<01:05:07.119> at<01:05:07.359> the<01:05:07.599> time
reading is what was intended at the time
by<01:05:08.400> the<01:05:08.640> framers<01:05:09.039> of<01:05:09.119> the<01:05:09.280> constitution<01:05:10.400> or
by the framers of the constitution or
the<01:05:10.799> amendment<01:05:11.280> that<01:05:11.520> may<01:05:11.760> be<01:05:12.160> the<01:05:12.400> subject<01:05:12.640> of
the amendment that may be the subject of
the<01:05:13.039> debate.<01:05:13.839> And<01:05:14.079> so<01:05:14.319> I<01:05:14.559> think<01:05:14.640> that's
the debate. And so I think that's
ultimately<01:05:15.440> what<01:05:15.680> this<01:05:15.920> comes<01:05:16.160> down<01:05:16.319> to.<01:05:16.640> If
ultimately what this comes down to. If
you<01:05:16.960> think<01:05:17.119> about<01:05:17.280> the<01:05:17.520> intention<01:05:17.839> at<01:05:18.000> the
you think about the intention at the
time,<01:05:18.400> it<01:05:18.559> was<01:05:18.640> really<01:05:18.799> built<01:05:19.119> around<01:05:19.599> free
time, it was really built around free
slaves.<01:05:20.319> There<01:05:20.480> wasn't<01:05:20.720> a<01:05:20.880> consideration<01:05:22.079> at
slaves. There wasn't a consideration at
that<01:05:22.559> time<01:05:23.200> of<01:05:23.520> having<01:05:23.760> this<01:05:24.160> massive
that time of having this massive
movement<01:05:24.960> of<01:05:25.119> immigration<01:05:25.680> that<01:05:25.920> was<01:05:26.079> taking
movement of immigration that was taking
place<01:05:26.720> or<01:05:26.880> that<01:05:27.119> has<01:05:27.280> taken<01:05:27.520> place<01:05:27.760> since.
place or that has taken place since.
that<01:05:28.640> wasn't<01:05:28.880> even<01:05:29.119> in<01:05:29.359> the<01:05:29.520> kind<01:05:29.680> of<01:05:29.760> realm<01:05:30.079> of
that wasn't even in the kind of realm of
consciousness<01:05:30.880> or<01:05:31.119> consideration<01:05:32.240> when<01:05:32.559> this
consciousness or consideration when this
amendment<01:05:33.359> was<01:05:33.599> being<01:05:33.920> passed.<01:05:34.400> So<01:05:34.720> the
amendment was being passed. So the
intentionalism<01:05:36.079> kind<01:05:36.319> of<01:05:36.400> argument<01:05:36.799> would<01:05:37.039> be
intentionalism kind of argument would be
hey<01:05:37.760> wait<01:05:37.920> a<01:05:38.079> second<01:05:38.559> you<01:05:38.640> know<01:05:38.799> this<01:05:38.960> wasn't
hey wait a second you know this wasn't
really<01:05:39.440> what<01:05:39.599> they<01:05:39.760> intended<01:05:40.160> but<01:05:40.400> the
really what they intended but the
textual<01:05:40.960> representation<01:05:41.680> is<01:05:41.920> what<01:05:42.079> it<01:05:42.240> is<01:05:42.319> and
textual representation is what it is and
that's<01:05:42.720> what<01:05:42.799> the<01:05:42.960> ruling<01:05:43.280> kind<01:05:43.440> of<01:05:43.520> led<01:05:43.760> to<01:05:44.319> in
that's what the ruling kind of led to in
this<01:05:44.720> particular<01:05:45.039> case.<01:05:45.359> my<01:05:45.599> personal
this particular case. my personal
opinion,<01:05:46.160> if<01:05:46.400> you're<01:05:46.480> asking<01:05:46.720> it,
opinion, if you're asking it,
>> I'm<01:05:47.760> trying<01:05:47.839> to<01:05:48.000> get<01:05:48.079> personal<01:05:48.400> opinions
>> I'm trying to get personal opinions
here.
>> I<01:05:49.440> do<01:05:49.599> think<01:05:49.760> birthright<01:05:50.319> citizenship<01:05:51.680> um
>> I do think birthright citizenship um
should<01:05:52.000> be<01:05:52.160> endowed<01:05:52.559> to<01:05:53.280> the<01:05:53.520> children<01:05:54.000> of<01:05:54.640> uh
should be endowed to the children of uh
legal<01:05:55.280> residents<01:05:56.319> of<01:05:56.559> the<01:05:56.720> United<01:05:57.039> States,
legal residents of the United States,
whether<01:05:57.680> they're<01:05:57.839> a<01:05:58.000> citizen<01:05:58.400> or<01:05:58.640> not.<01:05:59.200> So,
whether they're a citizen or not. So,
yeah,<01:05:59.680> I<01:05:59.920> think<01:06:00.000> that's<01:06:00.240> critical.<01:06:00.640> So,<01:06:00.720> if
yeah, I think that's critical. So, if
you're<01:06:01.039> a<01:06:01.200> visitor,<01:06:01.599> if<01:06:01.760> you<01:06:01.839> get<01:06:02.000> on<01:06:02.160> an
you're a visitor, if you get on an
airplane<01:06:03.119> and<01:06:03.359> fly<01:06:03.680> here<01:06:03.839> for<01:06:04.079> a<01:06:04.319> weekend<01:06:05.039> on<01:06:05.280> a
airplane and fly here for a weekend on a
vacation<01:06:05.920> and<01:06:06.160> you<01:06:06.319> have<01:06:06.400> a<01:06:06.559> visa<01:06:06.880> or<01:06:07.200> you
vacation and you have a visa or you
have,
>> you<01:06:08.400> know,<01:06:08.559> temporary<01:06:09.039> visitor<01:06:09.440> status<01:06:09.760> to
>> you know, temporary visitor status to
come.
>> Yeah.<01:06:12.799> or<01:06:12.960> or<01:06:13.280> you<01:06:13.440> have<01:06:13.520> a<01:06:13.680> temporary<01:06:13.920> visitor
>> Yeah. or or you have a temporary visitor
status<01:06:14.559> to<01:06:14.720> come<01:06:14.880> to<01:06:15.039> the<01:06:15.200> United<01:06:15.359> States<01:06:15.599> to
status to come to the United States to
visit,<01:06:16.799> you<01:06:17.039> are<01:06:17.200> not<01:06:17.359> a<01:06:17.520> resident<01:06:17.920> of<01:06:18.079> the
visit, you are not a resident of the
United<01:06:18.480> States.<01:06:18.799> So,<01:06:18.960> your<01:06:19.200> children<01:06:19.520> should
United States. So, your children should
not<01:06:19.839> become<01:06:20.240> citizens<01:06:20.640> of<01:06:20.799> the<01:06:20.960> United<01:06:21.280> States
not become citizens of the United States
unless<01:06:22.000> you're<01:06:22.160> a<01:06:22.400> resident.<01:06:22.960> And<01:06:23.200> remember,
unless you're a resident. And remember,
we<01:06:23.760> don't<01:06:23.920> just<01:06:24.160> have<01:06:24.319> like<01:06:25.200> citizens<01:06:25.599> and
we don't just have like citizens and
non-citizens.<01:06:26.400> We<01:06:26.559> also<01:06:26.720> have<01:06:26.880> resident
non-citizens. We also have resident
status<01:06:27.680> in<01:06:27.920> this<01:06:28.079> country.<01:06:28.559> And<01:06:28.720> a<01:06:28.880> resident
status in this country. And a resident
status<01:06:29.599> is<01:06:29.760> a<01:06:29.920> green<01:06:30.079> card.<01:06:30.240> I<01:06:30.400> mean,<01:06:30.559> for
status is a green card. I mean, for
years,<01:06:30.880> I<01:06:31.119> was<01:06:31.200> on<01:06:31.280> a<01:06:31.440> green<01:06:31.599> card.<01:06:31.920> Three<01:06:32.000> of
years, I was on a green card. Three of
us<01:06:32.240> were<01:06:32.400> immigrants.<01:06:32.799> We<01:06:32.960> all<01:06:33.039> went<01:06:33.200> through
us were immigrants. We all went through
this<01:06:33.599> process.<01:06:34.319> Once<01:06:34.559> you<01:06:34.720> get<01:06:34.880> resident
this process. Once you get resident
status,<01:06:36.160> you're<01:06:36.400> now<01:06:36.559> a<01:06:36.799> permanent<01:06:37.200> resident
status, you're now a permanent resident
of<01:06:37.599> the<01:06:37.680> United<01:06:37.920> States.<01:06:38.160> You<01:06:38.319> haven't<01:06:38.480> been
of the United States. You haven't been
given<01:06:38.960> citizenship<01:06:39.520> rights<01:06:39.839> yet.<01:06:40.400> But<01:06:40.640> if<01:06:40.799> you
given citizenship rights yet. But if you
have<01:06:41.039> a<01:06:41.200> child,<01:06:41.520> I<01:06:41.680> think<01:06:41.760> it's<01:06:42.000> reasonable
have a child, I think it's reasonable
for<01:06:42.480> your<01:06:42.640> child<01:06:42.799> to<01:06:43.039> have<01:06:43.119> citizenship
for your child to have citizenship
rights<01:06:43.920> if<01:06:44.079> you're<01:06:44.559> a<01:06:44.720> legal<01:06:45.359> resident<01:06:45.760> rather
rights if you're a legal resident rather
than<01:06:46.240> a<01:06:46.400> legal<01:06:47.119> visitor<01:06:47.680> or<01:06:48.160> illegal<01:06:48.640> visitor
than a legal visitor or illegal visitor
to<01:06:49.440> the<01:06:49.599> United<01:06:49.839> States.<01:06:50.319> That<01:06:50.480> would<01:06:50.640> be<01:06:50.720> my
to the United States. That would be my
personal<01:06:51.359> assessment.<01:06:51.920> I<01:06:52.160> you<01:06:52.240> know,<01:06:52.319> it
personal assessment. I you know, it
would<01:06:52.559> be<01:06:52.720> great<01:06:52.880> for<01:06:53.119> that<01:06:53.280> to<01:06:53.440> be<01:06:53.520> the<01:06:53.680> law,
would be great for that to be the law,
but<01:06:54.400> obviously<01:06:54.799> this<01:06:55.039> is<01:06:55.200> now<01:06:55.440> kind<01:06:55.599> of,
but obviously this is now kind of,
>> you<01:06:57.119> know,<01:06:57.280> gone<01:06:58.160> explain<01:06:58.400> that<01:06:58.559> really<01:06:58.720> well.
>> you know, gone explain that really well.
I<01:06:59.119> didn't<01:06:59.280> even<01:06:59.440> know<01:06:59.599> all<01:06:59.760> of<01:06:59.839> this.<01:07:00.079> I'm<01:07:00.240> I'm
I didn't even know all of this. I'm I'm
on<01:07:00.720> your<01:07:00.880> side.<01:07:01.280> I<01:07:01.440> agree.
on your side. I agree.
>> Yeah.<01:07:02.559> I<01:07:02.720> mean,<01:07:02.799> I<01:07:03.039> I<01:07:03.359> agree<01:07:03.520> with<01:07:03.680> that.
>> Yeah. I mean, I I agree with that.
You're<01:07:04.480> saying<01:07:04.799> in<01:07:05.039> addition,<01:07:05.599> people
You're saying in addition, people
shouldn't<01:07:06.079> be<01:07:06.160> able<01:07:06.240> to<01:07:06.319> do<01:07:06.480> the<01:07:06.640> tourism
shouldn't be able to do the tourism
thing.<01:07:07.200> We<01:07:07.359> should<01:07:07.440> handle<01:07:07.680> that.<01:07:08.079> Um,<01:07:08.640> I<01:07:08.880> do
thing. We should handle that. Um, I do
think<01:07:09.200> we<01:07:09.440> should<01:07:09.599> have<01:07:09.680> an<01:07:09.920> exception<01:07:10.319> here
think we should have an exception here
for<01:07:11.200> people<01:07:11.359> who<01:07:11.599> have<01:07:11.839> been
for people who have been
noncriminals<01:07:14.160> who<01:07:14.319> are<01:07:14.480> here<01:07:14.799> illegally
noncriminals who are here illegally
because<01:07:15.920> we<01:07:16.319> as<01:07:16.640> America,<01:07:17.440> Republicans
because we as America, Republicans
especially,<01:07:18.960> uh,<01:07:19.359> during<01:07:19.680> the<01:07:19.839> time<01:07:20.000> when
especially, uh, during the time when
they<01:07:20.480> were<01:07:21.039> pro<01:07:21.920> free<01:07:22.160> trade,<01:07:22.559> NAFTA<01:07:23.280> and
they were pro free trade, NAFTA and
really<01:07:23.839> waved<01:07:24.160> in<01:07:24.400> a<01:07:24.640> large<01:07:24.880> percentage<01:07:25.200> of
really waved in a large percentage of
the<01:07:25.520> immigrants<01:07:25.920> who<01:07:26.000> here,<01:07:26.319> obviously<01:07:26.640> Biden
the immigrants who here, obviously Biden
did<01:07:27.119> that<01:07:27.280> as<01:07:27.440> well.<01:07:27.920> I<01:07:28.160> think<01:07:28.240> we<01:07:28.480> have<01:07:28.559> a
did that as well. I think we have a
moral<01:07:29.119> obligation<01:07:29.520> to<01:07:29.760> those<01:07:30.000> people<01:07:30.240> since
moral obligation to those people since
we<01:07:30.720> waved<01:07:31.039> them<01:07:31.200> in<01:07:31.680> and<01:07:31.920> we<01:07:32.079> waved<01:07:32.319> them<01:07:32.480> in<01:07:32.640> to
we waved them in and we waved them in to
work<01:07:32.880> at<01:07:33.119> our<01:07:33.280> businesses<01:07:34.400> because<01:07:34.720> we<01:07:34.960> wanted
work at our businesses because we wanted
to<01:07:35.359> pay<01:07:35.520> under<01:07:35.839> minimum<01:07:36.240> wage<01:07:36.400> to<01:07:36.640> them.<01:07:36.960> those
to pay under minimum wage to them. those
people<01:07:37.520> suffered<01:07:37.920> here<01:07:38.079> in<01:07:38.240> our<01:07:38.400> country<01:07:39.039> to
people suffered here in our country to
take<01:07:39.520> those<01:07:39.680> jobs<01:07:40.079> to<01:07:40.240> make<01:07:40.400> us<01:07:40.559> richer,<01:07:40.880> to
take those jobs to make us richer, to
make<01:07:41.200> our<01:07:41.359> country<01:07:41.680> richer.<01:07:42.319> We<01:07:42.559> have<01:07:42.640> a<01:07:42.880> moral
make our country richer. We have a moral
and<01:07:43.359> ethical<01:07:43.680> obligation<01:07:44.079> to<01:07:44.319> them<01:07:44.559> and<01:07:44.799> to
and ethical obligation to them and to
their<01:07:45.200> children.<01:07:45.680> We<01:07:45.839> should<01:07:46.000> give<01:07:46.160> them<01:07:46.319> a
their children. We should give them a
path<01:07:46.640> to<01:07:46.799> citizenship<01:07:47.599> unless<01:07:47.920> they're
path to citizenship unless they're
criminals<01:07:49.200> and<01:07:50.000> their<01:07:50.319> children<01:07:50.960> should<01:07:51.200> be
criminals and their children should be
Americans.<01:07:53.039> Since<01:07:53.359> they<01:07:53.599> came<01:07:53.760> here<01:07:54.000> to<01:07:54.240> live
Americans. Since they came here to live
the<01:07:54.559> American<01:07:54.960> dream,<01:07:55.280> whether<01:07:55.520> it<01:07:55.599> was
the American dream, whether it was
illegal<01:07:56.079> or<01:07:56.319> not,<01:07:56.480> we<01:07:56.720> waved<01:07:57.039> them<01:07:57.119> in.<01:07:57.680> That
illegal or not, we waved them in. That
was<01:07:58.079> our<01:07:58.400> mistake.<01:07:58.880> And<01:07:59.039> now<01:07:59.119> that<01:07:59.280> we've
was our mistake. And now that we've
closed<01:07:59.680> the<01:07:59.839> border,<01:08:00.400> we<01:08:00.640> should<01:08:00.799> make<01:08:00.960> amends
closed the border, we should make amends
to<01:08:01.520> those<01:08:01.760> 20<01:08:02.000> million<01:08:02.240> people.<01:08:02.720> That's<01:08:02.960> my
to those 20 million people. That's my
personal<01:08:03.520> opinion.<01:08:04.240> I<01:08:04.480> don't<01:08:04.559> think<01:08:04.720> we<01:08:04.880> have
personal opinion. I don't think we have
need<01:08:06.400> more<01:08:06.559> time<01:08:06.720> to<01:08:06.880> think<01:08:07.039> about<01:08:07.200> it<01:08:07.359> and
need more time to think about it and
Saxur.
>> Well,<01:08:09.520> my<01:08:09.760> my<01:08:10.160> point<01:08:10.319> is<01:08:10.559> we're<01:08:10.720> all<01:08:10.880> just
>> Well, my my point is we're all just
making<01:08:11.440> arguments<01:08:11.920> about<01:08:12.079> what<01:08:12.240> the<01:08:12.480> law
making arguments about what the law
should<01:08:12.880> be<01:08:13.039> and<01:08:13.280> these<01:08:13.520> are<01:08:13.599> the<01:08:13.760> kinds<01:08:13.920> of
should be and these are the kinds of
arguments<01:08:14.400> that<01:08:14.799> Congress<01:08:15.280> should<01:08:15.520> be<01:08:15.760> making
arguments that Congress should be making
and<01:08:16.400> deliberating<01:08:17.040> over
and deliberating over
>> and<01:08:18.319> these<01:08:18.640> are<01:08:18.799> the<01:08:18.960> edge<01:08:19.279> cases.<01:08:19.679> These<01:08:20.080> are
>> and these are the edge cases. These are
the<01:08:20.400> nuances<01:08:20.880> that<01:08:21.120> should<01:08:21.279> be<01:08:21.359> handled<01:08:21.839> in<01:08:22.319> a
the nuances that should be handled in a
citizenship<01:08:23.279> law.<01:08:24.480> And<01:08:24.799> what<01:08:25.040> the<01:08:25.199> Supreme
citizenship law. And what the Supreme
Court<01:08:25.679> has<01:08:25.920> done<01:08:26.080> here<01:08:26.319> is<01:08:26.640> remove<01:08:27.040> that<01:08:27.359> space
Court has done here is remove that space
for<01:08:28.719> Congress<01:08:29.120> to<01:08:29.440> legislate.<01:08:30.640> And<01:08:30.960> I<01:08:31.199> think
for Congress to legislate. And I think
Congress<01:08:31.679> needs<01:08:32.000> that<01:08:32.239> space<01:08:32.480> because<01:08:32.719> there
Congress needs that space because there
are<01:08:33.040> these<01:08:33.279> edge<01:08:33.600> cases<01:08:34.000> and<01:08:34.239> instead<01:08:34.719> it's
are these edge cases and instead it's
interpreted<01:08:36.159> the<01:08:36.400> 14th<01:08:36.719> amendment<01:08:37.040> in<01:08:37.199> a<01:08:37.359> way
interpreted the 14th amendment in a way
that<01:08:37.600> I<01:08:37.839> don't<01:08:38.000> think<01:08:38.080> is<01:08:38.319> consistent<01:08:38.719> with
that I don't think is consistent with
why<01:08:40.000> it<01:08:40.319> was<01:08:40.560> ratified<01:08:41.120> in<01:08:41.279> the<01:08:41.440> first<01:08:41.600> place.
why it was ratified in the first place.
And<01:08:42.400> Freeberg<01:08:42.799> is<01:08:42.960> totally<01:08:43.199> right<01:08:43.440> about
And Freeberg is totally right about
about<01:08:44.000> Dread<01:08:44.400> Scott<01:08:44.799> which<01:08:45.040> was<01:08:45.759> one<01:08:46.000> of<01:08:46.080> the
about Dread Scott which was one of the
most<01:08:46.480> awful<01:08:46.960> probably<01:08:48.159> the<01:08:48.480> most<01:08:48.640> awful
most awful probably the most awful
Supreme<01:08:49.520> Court<01:08:49.759> ruling<01:08:50.239> of<01:08:50.480> all<01:08:50.719> time.<01:08:51.120> It
Supreme Court ruling of all time. It
came<01:08:51.440> out<01:08:51.600> in<01:08:51.839> 1857
came out in 1857
and<01:08:53.839> it<01:08:54.080> ruled<01:08:54.400> that<01:08:54.960> black<01:08:55.279> people<01:08:55.600> whether
and it ruled that black people whether
enslaved<01:08:56.319> or<01:08:56.560> free<01:08:56.880> were<01:08:57.120> not<01:08:57.359> US<01:08:57.600> citizens
enslaved or free were not US citizens
and<01:08:58.640> therefore<01:08:58.960> they<01:08:59.120> had<01:08:59.279> no<01:08:59.440> right<01:08:59.520> to<01:08:59.679> sue
and therefore they had no right to sue
in<01:09:00.080> federal<01:09:00.400> courts.<01:09:01.679> And<01:09:02.000> the<01:09:02.239> chief<01:09:02.560> justice
in federal courts. And the chief justice
Roger<01:09:03.279> Tony<01:09:03.679> wrote<01:09:03.839> the<01:09:04.000> decision<01:09:04.560> I<01:09:04.719> mean
Roger Tony wrote the decision I mean
it's<01:09:05.040> extremely<01:09:05.440> racist.<01:09:06.159> He<01:09:06.400> wrote<01:09:06.560> that
it's extremely racist. He wrote that
black<01:09:07.040> people<01:09:07.279> had<01:09:07.600> quote<01:09:07.920> no<01:09:08.159> rights<01:09:08.480> which
black people had quote no rights which
the<01:09:09.120> white<01:09:09.359> man<01:09:09.600> was<01:09:09.759> bound<01:09:10.000> to<01:09:10.159> respect.<01:09:11.600> And
the white man was bound to respect. And
that<01:09:12.400> decision<01:09:12.880> furthermore<01:09:14.080> ruled<01:09:14.480> that
that decision furthermore ruled that
Congress<01:09:15.120> could<01:09:15.279> not<01:09:15.440> ban<01:09:15.679> slavery<01:09:16.000> in<01:09:16.239> the
Congress could not ban slavery in the
new<01:09:16.640> western<01:09:17.040> territories<01:09:18.000> which<01:09:18.400> meant<01:09:18.640> that
new western territories which meant that
it<01:09:19.040> struck<01:09:19.279> down<01:09:19.440> the<01:09:19.600> Missouri<01:09:20.000> compromise
it struck down the Missouri compromise
which<01:09:21.199> was<01:09:21.279> the<01:09:21.440> law<01:09:21.600> that<01:09:21.839> had<01:09:22.000> kept<01:09:22.239> the
which was the law that had kept the
peace<01:09:22.719> between<01:09:22.960> the<01:09:23.199> free<01:09:24.000> and<01:09:24.239> slave<01:09:24.560> states
peace between the free and slave states
for<01:09:25.199> decades.<01:09:26.080> And<01:09:26.239> that<01:09:26.480> is<01:09:26.640> one<01:09:26.880> of<01:09:26.880> the
for decades. And that is one of the
direct<01:09:27.359> things<01:09:27.520> that<01:09:27.679> then<01:09:27.920> triggered<01:09:28.239> the
direct things that then triggered the
civil<01:09:28.640> war<01:09:28.880> 3<01:09:29.040> years<01:09:29.279> later.<01:09:29.679> So<01:09:30.239> it<01:09:30.560> was<01:09:30.640> this
civil war 3 years later. So it was this
historically<01:09:31.759> bad<01:09:32.159> decision<01:09:33.120> that<01:09:33.359> I<01:09:33.520> guess
historically bad decision that I guess
then<01:09:33.920> the<01:09:34.080> 14th<01:09:34.400> amendment<01:09:34.799> tried<01:09:34.960> to<01:09:35.120> correct
then the 14th amendment tried to correct
by<01:09:35.759> saying<01:09:36.000> that<01:09:36.319> no
by saying that no
you<01:09:37.920> know<01:09:38.159> freed<01:09:38.400> slaves<01:09:39.679> and<01:09:40.000> their<01:09:40.239> children
you know freed slaves and their children
would<01:09:40.799> be
would be
>> totally<01:09:41.600> different<01:09:41.920> context<01:09:42.560> than<01:09:42.799> someone
>> totally different context than someone
visiting<01:09:43.440> from<01:09:43.679> China<01:09:44.000> for<01:09:44.159> the<01:09:44.319> weekend<01:09:44.480> and
visiting from China for the weekend and
having<01:09:44.880> a<01:09:45.040> baby.
having a baby.
>> Yeah,<01:09:46.000> which<01:09:46.239> we<01:09:46.480> obviously<01:09:47.120> that<01:09:47.359> one<01:09:47.520> is<01:09:47.679> an
>> Yeah, which we obviously that one is an
easy<01:09:48.239> one<01:09:48.400> to<01:09:48.640> adjudicate.<01:09:49.359> Chimath,<01:09:49.759> I'm
easy one to adjudicate. Chimath, I'm
curious<01:09:50.799> feels<01:09:51.120> like<01:09:51.839> as<01:09:52.159> a<01:09:52.400> society<01:09:53.279> we<01:09:53.520> have
curious feels like as a society we have
now<01:09:54.080> because<01:09:54.320> of<01:09:54.480> the<01:09:54.640> closure<01:09:54.960> of<01:09:55.040> the<01:09:55.199> border
now because of the closure of the border
give<01:09:55.840> Trump<01:09:56.080> a<01:09:56.239> lot<01:09:56.400> of<01:09:56.480> credit<01:09:56.640> for<01:09:56.880> that.<01:09:57.120> It
give Trump a lot of credit for that. It
was<01:09:57.440> easily<01:09:57.920> done,<01:09:58.159> which<01:09:58.400> means<01:09:58.560> it<01:09:58.800> could
was easily done, which means it could
have<01:09:58.960> been<01:09:59.120> done<01:09:59.199> at<01:09:59.360> any<01:09:59.520> time<01:09:59.600> by<01:09:59.840> Biden.<01:10:00.239> And
have been done at any time by Biden. And
that<01:10:00.480> created<01:10:00.719> a<01:10:00.880> big<01:10:01.040> rift<01:10:01.360> in<01:10:01.520> our<01:10:01.679> society
that created a big rift in our society
that<01:10:02.480> we're<01:10:02.719> still<01:10:02.880> working<01:10:03.120> through.<01:10:03.679> The
that we're still working through. The
other<01:10:04.000> rift<01:10:04.320> that<01:10:04.480> was<01:10:04.640> created<01:10:04.800> over<01:10:05.040> the
other rift that was created over the
past<01:10:05.280> year,<01:10:05.440> we've<01:10:05.600> had<01:10:05.760> many<01:10:05.920> debates<01:10:06.239> here
past year, we've had many debates here
about<01:10:06.560> ICE<01:10:07.280> and<01:10:07.920> what<01:10:08.239> some<01:10:08.480> people,
about ICE and what some people,
including<01:10:09.040> myself,<01:10:09.360> believe<01:10:09.600> was<01:10:09.760> a<01:10:09.920> brutal
including myself, believe was a brutal
way<01:10:11.040> to<01:10:11.360> deport<01:10:11.760> people<01:10:12.000> and<01:10:12.159> a<01:10:12.320> cruel<01:10:12.560> way<01:10:12.640> to
way to deport people and a cruel way to
deport<01:10:12.960> people.<01:10:13.199> Some<01:10:13.360> people<01:10:13.520> might
deport people. Some people might
disagree<01:10:14.080> with<01:10:14.239> my<01:10:14.480> opinion,<01:10:15.280> but<01:10:15.520> it<01:10:15.679> seems
disagree with my opinion, but it seems
like<01:10:16.320> Trump<01:10:16.640> stood<01:10:16.960> down<01:10:17.120> on<01:10:17.360> that<01:10:18.000> and<01:10:18.239> calmed
like Trump stood down on that and calmed
it<01:10:18.719> down,<01:10:19.120> I<01:10:19.360> think,<01:10:19.520> because<01:10:19.760> it<01:10:19.920> was<01:10:20.080> so
it down, I think, because it was so
unpopular,<01:10:21.120> at<01:10:21.120> least<01:10:21.520> according<01:10:21.760> to<01:10:21.840> the
unpopular, at least according to the
metrics<01:10:22.320> that<01:10:22.560> we<01:10:22.640> saw<01:10:22.800> from<01:10:22.960> Pew<01:10:23.280> and<01:10:23.440> other
metrics that we saw from Pew and other
uh<01:10:24.000> studies.<01:10:24.800> What<01:10:25.040> do<01:10:25.199> you<01:10:25.280> think<01:10:25.360> the<01:10:25.840> road
uh studies. What do you think the road
the<01:10:26.400> the<01:10:26.480> the<01:10:27.120> path<01:10:27.440> forward<01:10:27.760> is<01:10:28.000> now?<01:10:28.719> The<01:10:28.960> ICE
the the the path forward is now? The ICE
um<01:10:30.320> aggressiveness<01:10:31.120> has<01:10:32.159> stopped.<01:10:33.040> The
um aggressiveness has stopped. The
border<01:10:33.679> has<01:10:34.000> been<01:10:34.159> shut.<01:10:34.560> We<01:10:34.800> seem<01:10:35.040> to<01:10:35.120> be<01:10:35.280> in<01:10:35.440> a
border has been shut. We seem to be in a
sort<01:10:35.920> of<01:10:36.400> holding<01:10:36.800> pattern<01:10:37.199> here<01:10:37.600> which<01:10:37.840> I
sort of holding pattern here which I
think<01:10:38.159> was<01:10:38.400> very<01:10:38.640> wise<01:10:38.960> by<01:10:39.199> Trump<01:10:40.080> to<01:10:40.320> do<01:10:40.480> that.
think was very wise by Trump to do that.
Put<01:10:40.960> us<01:10:41.199> like<01:10:41.440> calm<01:10:41.679> the<01:10:41.840> situation<01:10:42.239> down.<01:10:42.640> I
Put us like calm the situation down. I
would<01:10:42.960> have<01:10:43.040> liked<01:10:43.199> to<01:10:43.280> seen<01:10:43.440> him<01:10:43.600> calm<01:10:43.760> it
would have liked to seen him calm it
down<01:10:44.000> a<01:10:44.159> little<01:10:44.239> earlier.<01:10:44.800> What<01:10:44.960> do<01:10:45.120> you<01:10:45.199> think
down a little earlier. What do you think
the<01:10:45.440> go<01:10:45.679> forward<01:10:46.000> should<01:10:46.159> be?<01:10:46.239> If<01:10:46.320> we<01:10:46.480> go<01:10:46.719> look
the go forward should be? If we go look
at<01:10:47.040> 27,<01:10:47.600> 28,<01:10:48.080> 29,<01:10:48.960> do<01:10:49.199> you<01:10:49.280> think<01:10:49.679> obviously<01:10:50.000> we
at 27, 28, 29, do you think obviously we
all<01:10:50.400> want<01:10:50.640> legal<01:10:50.960> immigration,<01:10:51.360> but<01:10:51.600> what<01:10:51.760> do
all want legal immigration, but what do
you<01:10:52.000> think<01:10:52.080> we<01:10:52.239> should<01:10:52.400> be<01:10:52.560> aspiring<01:10:53.040> to<01:10:53.199> do<01:10:53.360> as
you think we should be aspiring to do as
a<01:10:53.760> country<01:10:54.320> now<01:10:54.560> that<01:10:54.719> the<01:10:54.880> issue<01:10:55.199> has
a country now that the issue has
seemingly<01:10:56.480> is<01:10:56.800> not<01:10:56.960> boiling<01:10:57.360> over?<01:10:57.760> What<01:10:57.840> are
seemingly is not boiling over? What are
your<01:10:58.159> what<01:10:58.320> are<01:10:58.400> your<01:10:58.560> thoughts?<01:10:58.800> Jamaal,
your what are your thoughts? Jamaal,
have<01:10:59.360> you<01:10:59.520> given<01:10:59.679> it<01:10:59.840> any<01:11:00.080> thought?
have you given it any thought?
>> I<01:11:00.560> think<01:11:00.640> that<01:11:00.960> Western<01:11:01.360> countries<01:11:01.840> are
>> I think that Western countries are
losing<01:11:02.560> their
losing their
cultural<01:11:04.960> representation<01:11:05.600> that<01:11:05.920> makes<01:11:06.080> them
cultural representation that makes them
unique<01:11:07.280> and<01:11:07.600> I<01:11:07.840> think<01:11:07.920> that<01:11:08.159> that's<01:11:08.480> very<01:11:08.719> bad.
unique and I think that that's very bad.
When<01:11:10.320> my<01:11:10.640> parents
When my parents
went<01:11:13.199> to<01:11:13.440> Canada<01:11:13.840> and<01:11:14.080> then<01:11:14.400> stayed,<01:11:15.840> I<01:11:16.080> think
went to Canada and then stayed, I think
part<01:11:16.400> of<01:11:16.560> what<01:11:16.719> they<01:11:16.880> were<01:11:17.040> doing,<01:11:17.280> whether
part of what they were doing, whether
they<01:11:17.679> knew<01:11:17.760> it<01:11:17.920> or<01:11:18.080> not,<01:11:18.239> was<01:11:18.480> making<01:11:18.640> an
they knew it or not, was making an
explicit<01:11:19.280> decision<01:11:19.600> to<01:11:19.760> be<01:11:20.000> Canadian<01:11:20.560> first,
explicit decision to be Canadian first,
which<01:11:21.840> who<01:11:22.080> happened<01:11:22.239> to<01:11:22.400> be<01:11:22.480> of<01:11:22.640> Sri<01:11:22.880> Lankan
which who happened to be of Sri Lankan
origin.
When<01:11:25.280> I<01:11:25.440> came<01:11:25.600> to<01:11:25.840> the<01:11:26.000> United<01:11:26.320> States,<01:11:26.640> I<01:11:26.880> was
When I came to the United States, I was
making<01:11:27.199> an<01:11:27.440> explicit<01:11:27.920> decision<01:11:28.159> to<01:11:28.400> become<01:11:28.640> an
making an explicit decision to become an
American<01:11:30.080> and<01:11:30.320> then<01:11:30.640> my<01:11:30.880> Canadian<01:11:31.280> and<01:11:31.520> then
American and then my Canadian and then
my<01:11:31.760> Sri<01:11:32.000> Lankan<01:11:32.320> ancestry<01:11:32.880> was<01:11:34.239> second<01:11:34.480> and
my Sri Lankan ancestry was second and
third<01:11:35.040> respectively.
third respectively.
I<01:11:36.960> think<01:11:37.040> if<01:11:37.280> you<01:11:37.440> seed<01:11:38.400> your<01:11:38.719> immigration,
I think if you seed your immigration,
you're<01:11:40.000> seeding<01:11:40.400> your<01:11:40.640> culture.<01:11:41.920> And<01:11:42.080> I<01:11:42.239> think
you're seeding your culture. And I think
that<01:11:42.640> people<01:11:42.960> have<01:11:43.120> a<01:11:43.360> responsibility
that people have a responsibility
to<01:11:45.199> keep<01:11:45.520> the<01:11:45.920> values<01:11:47.120> of<01:11:47.440> what<01:11:47.760> made<01:11:48.000> that
to keep the values of what made that
country<01:11:48.640> unique<01:11:49.040> in<01:11:49.199> the<01:11:49.360> first<01:11:49.600> place.<01:11:50.000> And
country unique in the first place. And
you<01:11:50.400> don't<01:11:50.560> need<01:11:50.719> to<01:11:50.880> look<01:11:51.280> too<01:11:51.600> far<01:11:52.560> because
you don't need to look too far because
you<01:11:52.960> can<01:11:53.040> look<01:11:53.280> across<01:11:53.600> the<01:11:53.840> pond<01:11:54.080> and<01:11:54.239> you<01:11:54.400> can
you can look across the pond and you can
look<01:11:54.640> at<01:11:54.719> the<01:11:54.880> UK<01:11:56.080> and<01:11:56.320> you<01:11:56.560> can<01:11:56.719> look<01:11:56.880> at
look at the UK and you can look at
Germany<01:11:58.000> and<01:11:58.239> you<01:11:58.400> can<01:11:58.480> look<01:11:58.640> at<01:11:58.800> France<01:12:00.159> and
Germany and you can look at France and
you<01:12:00.800> have<01:12:00.960> to<01:12:01.120> ask<01:12:01.440> yourself
you have to ask yourself
is<01:12:03.840> the<01:12:04.159> cultural<01:12:04.640> deviation<01:12:05.360> from<01:12:05.679> where
is the cultural deviation from where
they<01:12:06.239> were.<01:12:06.960> Has<01:12:07.120> it<01:12:07.280> been<01:12:07.520> better<01:12:08.159> or<01:12:08.480> worse
they were. Has it been better or worse
for<01:12:09.440> those<01:12:09.760> countries?<01:12:11.120> And<01:12:11.360> I<01:12:11.600> think<01:12:11.760> in
for those countries? And I think in
general<01:12:12.320> it<01:12:12.560> has<01:12:12.719> been<01:12:12.880> worse.<01:12:14.239> So<01:12:14.480> I<01:12:14.719> think
general it has been worse. So I think
people<01:12:15.199> should<01:12:15.440> want<01:12:15.600> to<01:12:15.840> come<01:12:16.000> here<01:12:16.159> to<01:12:16.400> be<01:12:16.480> a
people should want to come here to be a
part<01:12:16.800> of<01:12:16.880> the<01:12:17.120> American<01:12:17.520> ideal,<01:12:18.159> the<01:12:18.400> American
part of the American ideal, the American
culture.<01:12:21.040> And<01:12:21.280> so<01:12:21.440> I<01:12:21.600> think<01:12:21.760> you<01:12:21.920> have<01:12:22.000> to<01:12:22.080> have
culture. And so I think you have to have
a<01:12:22.400> rational<01:12:22.719> immigration<01:12:23.280> policy<01:12:23.679> that<01:12:24.480> has
a rational immigration policy that has
compassion<01:12:25.520> but<01:12:26.000> ultimately
compassion but ultimately
favors<01:12:28.560> this<01:12:28.800> idea<01:12:29.040> that<01:12:29.360> you<01:12:29.520> can't<01:12:29.760> come
favors this idea that you can't come
here<01:12:30.080> to<01:12:30.320> build<01:12:30.560> your<01:12:30.800> own<01:12:31.120> version<01:12:31.440> of<01:12:31.600> your
here to build your own version of your
previous<01:12:32.320> country<01:12:32.640> here.<01:12:33.199> So<01:12:33.440> assimilation
previous country here. So assimilation
is<01:12:34.880> part<01:12:35.120> and<01:12:35.440> parcel<01:12:35.920> of<01:12:36.159> a<01:12:36.480> functioning
is part and parcel of a functioning
immigration<01:12:37.520> system.<01:12:37.840> I<01:12:38.000> strongly<01:12:38.400> agree.
immigration system. I strongly agree.
Freebrook,<01:12:39.360> how<01:12:39.520> should<01:12:39.600> we<01:12:40.080> go<01:12:40.320> forward<01:12:40.640> as
Freebrook, how should we go forward as
Americans?<01:12:41.760> We<01:12:42.000> know<01:12:42.159> Europe<01:12:42.480> has<01:12:42.719> had<01:12:42.800> an
Americans? We know Europe has had an
issue<01:12:43.199> with<01:12:44.080> uh<01:12:44.239> or<01:12:44.480> the<01:12:44.719> populace<01:12:45.120> is<01:12:45.280> there<01:12:45.760> I
issue with uh or the populace is there I
think<01:12:46.080> are<01:12:46.239> in<01:12:46.400> agreement<01:12:46.640> that<01:12:46.880> they<01:12:47.040> may
think are in agreement that they may
have<01:12:47.280> gone<01:12:47.520> too<01:12:47.760> far<01:12:48.000> in<01:12:48.320> terms<01:12:48.480> of<01:12:49.360> uh
have gone too far in terms of uh
unmitigated<01:12:51.040> massive<01:12:51.440> amounts<01:12:51.760> of
unmitigated massive amounts of
immigration<01:12:52.640> specifically<01:12:53.120> amongst<01:12:53.520> groups
immigration specifically amongst groups
that<01:12:54.400> maybe<01:12:54.800> are<01:12:55.120> explicitly<01:12:55.840> not<01:12:56.239> wanting<01:12:57.040> to
that maybe are explicitly not wanting to
assimilate.<01:12:58.480> What's<01:12:58.640> your<01:12:58.880> thoughts<01:12:59.120> on<01:12:59.440> what
assimilate. What's your thoughts on what
America<01:13:00.239> could<01:13:00.480> should<01:13:00.719> do<01:13:00.880> going<01:13:01.040> forward?
America could should do going forward?
Do<01:13:01.520> you<01:13:01.600> believe<01:13:01.760> we<01:13:01.920> should<01:13:02.080> be
Do you believe we should be
>> It's<01:13:02.480> a<01:13:02.880> Yeah,<01:13:03.040> it's<01:13:03.199> a<01:13:03.360> great<01:13:03.520> question<01:13:03.679> and<01:13:03.840> I
>> It's a Yeah, it's a great question and I
think<01:13:04.000> there's<01:13:04.239> an<01:13:04.400> easy<01:13:04.560> answer<01:13:05.360> going<01:13:05.600> back
think there's an easy answer going back
to<01:13:05.920> my<01:13:06.239> makers<01:13:06.719> versus<01:13:06.960> takers<01:13:07.440> point.<01:13:07.840> If<01:13:08.159> the
to my makers versus takers point. If the
primary<01:13:08.800> motivation<01:13:09.360> for<01:13:09.600> an<01:13:09.840> individual<01:13:10.239> to
primary motivation for an individual to
come<01:13:10.640> to<01:13:10.880> this<01:13:11.120> country<01:13:11.920> is<01:13:12.239> to<01:13:12.400> be<01:13:12.560> given
come to this country is to be given
benefits,<01:13:13.760> to<01:13:13.920> be<01:13:14.000> given<01:13:14.320> payments,<01:13:15.199> to<01:13:15.360> be
benefits, to be given payments, to be
given<01:13:15.840> social<01:13:16.239> services,<01:13:16.800> to<01:13:16.960> be<01:13:17.120> given
given social services, to be given
support,<01:13:18.640> I<01:13:18.880> think<01:13:19.040> that<01:13:19.199> that<01:13:19.600> person<01:13:20.239> should
support, I think that that person should
be<01:13:20.640> denied<01:13:21.120> immigration.<01:13:22.320> If<01:13:22.560> the<01:13:22.800> primary
be denied immigration. If the primary
motivation<01:13:23.600> for<01:13:23.760> the<01:13:23.920> individual<01:13:24.320> to<01:13:24.480> come<01:13:24.560> to
motivation for the individual to come to
the<01:13:24.880> United<01:13:25.199> States<01:13:26.000> is<01:13:26.239> to<01:13:26.480> work<01:13:26.719> to<01:13:26.960> progress
the United States is to work to progress
themselves,<01:13:28.000> to<01:13:28.159> become<01:13:28.400> a<01:13:28.560> maker,<01:13:28.960> to<01:13:29.120> create
themselves, to become a maker, to create
things,<01:13:29.760> to<01:13:30.000> work<01:13:30.719> in<01:13:30.960> such<01:13:31.120> a<01:13:31.360> way<01:13:31.440> that<01:13:31.679> they
things, to work in such a way that they
can<01:13:32.080> generate<01:13:32.480> income,<01:13:33.199> save<01:13:33.520> capital,<01:13:34.640> buy
can generate income, save capital, buy
things,<01:13:35.840> advance<01:13:36.239> their<01:13:36.560> family's<01:13:36.960> position
things, advance their family's position
because<01:13:37.840> they<01:13:38.080> are<01:13:38.239> denied<01:13:38.640> those<01:13:38.960> rights<01:13:39.280> due
because they are denied those rights due
to<01:13:39.679> the<01:13:39.760> tyranny<01:13:40.960> of<01:13:41.199> the<01:13:41.440> place<01:13:41.600> that<01:13:41.840> they're
to the tyranny of the place that they're
coming<01:13:42.320> from,<01:13:43.280> then<01:13:43.600> they<01:13:43.760> should<01:13:43.920> be<01:13:44.080> granted
coming from, then they should be granted
immigration<01:13:45.040> status<01:13:45.360> to<01:13:45.520> come<01:13:45.679> to<01:13:45.840> this
immigration status to come to this
country<01:13:46.159> and<01:13:46.400> contribute.<01:13:46.960> Because<01:13:47.199> at<01:13:47.360> the
country and contribute. Because at the
end<01:13:47.600> of<01:13:47.600> the<01:13:47.760> day,<01:13:48.239> what<01:13:48.560> people<01:13:48.880> may<01:13:49.120> not<01:13:49.280> like
end of the day, what people may not like
to<01:13:49.679> hear,<01:13:50.080> which<01:13:50.320> is<01:13:50.480> the<01:13:50.719> truth,<01:13:51.360> is<01:13:51.520> that
to hear, which is the truth, is that
every<01:13:52.080> single<01:13:52.400> one<01:13:52.560> of<01:13:52.719> those<01:13:52.960> people<01:13:53.679> is
every single one of those people is
actually<01:13:54.400> net<01:13:54.800> positive<01:13:55.280> in<01:13:55.600> growing<01:13:56.000> our
actually net positive in growing our
economy.<01:13:57.199> And<01:13:57.440> everyone<01:13:57.760> thinks<01:13:58.000> it's<01:13:58.159> a<01:13:58.320> zero
economy. And everyone thinks it's a zero
sum<01:13:58.880> game<01:13:59.120> with<01:13:59.360> respect<01:13:59.600> to<01:13:59.760> jobs<01:14:00.000> in<01:14:00.239> the
sum game with respect to jobs in the
United<01:14:00.560> States.<01:14:00.719> And<01:14:00.880> we<01:14:01.040> shouldn't<01:14:01.280> let
United States. And we shouldn't let
people<01:14:01.600> into<01:14:01.840> this<01:14:02.000> country<01:14:02.159> that<01:14:02.400> create
people into this country that create
jobs.<01:14:03.199> But<01:14:03.360> the<01:14:03.520> fundamental<01:14:03.920> truth<01:14:04.159> is<01:14:04.320> that
jobs. But the fundamental truth is that
anyone<01:14:04.880> that<01:14:05.040> is<01:14:05.280> productive,<01:14:06.239> meaning<01:14:06.880> they
anyone that is productive, meaning they
create<01:14:07.440> more<01:14:07.760> value<01:14:08.159> than<01:14:08.400> they<01:14:08.640> take<01:14:08.800> in,
create more value than they take in,
grows<01:14:10.159> the<01:14:10.320> economy<01:14:10.719> and<01:14:11.040> more<01:14:11.280> jobs<01:14:11.679> get
grows the economy and more jobs get
created.<01:14:12.400> And<01:14:12.640> overall,<01:14:13.360> we<01:14:13.679> all<01:14:13.840> benefit
created. And overall, we all benefit
from<01:14:14.400> having<01:14:14.719> those<01:14:14.960> individuals<01:14:15.360> here<01:14:15.600> in
from having those individuals here in
this<01:14:15.920> country.<01:14:16.159> Well,<01:14:16.320> I<01:14:16.400> would<01:14:16.560> say
this country. Well, I would say
>> so<01:14:16.880> I'm<01:14:17.040> all<01:14:17.199> about<01:14:17.520> I'm<01:14:17.840> I'm<01:14:18.080> all<01:14:18.239> about
>> so I'm all about I'm I'm all about
discerning<01:14:18.880> immigration<01:14:20.000> not<01:14:20.159> on<01:14:20.400> the<01:14:20.560> lines
discerning immigration not on the lines
of<01:14:21.600> some<01:14:21.920> cultural<01:14:22.800> like<01:14:23.120> definition<01:14:24.159> but
of some cultural like definition but
really<01:14:24.560> around<01:14:24.800> that<01:14:25.120> simple<01:14:25.679> framing<01:14:26.159> of<01:14:26.400> are
really around that simple framing of are
you<01:14:26.640> going<01:14:26.719> to<01:14:26.880> get<01:14:27.040> social<01:14:27.440> support<01:14:27.760> services
you going to get social support services
or<01:14:28.640> are<01:14:28.719> you<01:14:28.880> going<01:14:28.960> to<01:14:29.360> work<01:14:29.760> and<01:14:29.920> if<01:14:30.080> you're
or are you going to work and if you're
going
>> are<01:14:30.480> you<01:14:30.640> a<01:14:30.800> train<01:14:31.199> or<01:14:31.440> a<01:14:31.600> gain<01:14:32.080> very<01:14:32.320> simple
>> are you a train or a gain very simple
way<01:14:34.159> if<01:14:34.400> you<01:14:34.560> are<01:14:34.719> going<01:14:34.800> to<01:14:34.960> work<01:14:35.520> you<01:14:35.760> are
way if you are going to work you are
going<01:14:36.080> to<01:14:36.239> culturally<01:14:36.719> assimilate<01:14:37.280> because
going to culturally assimilate because
that<01:14:37.600> is<01:14:37.760> what<01:14:37.840> the<01:14:38.080> United<01:14:38.320> States<01:14:38.560> is<01:14:38.719> based
that is what the United States is based
on<01:14:39.600> which<01:14:39.840> is<01:14:40.320> productivity<01:14:41.520> work<01:14:41.760> hard
on which is productivity work hard
create<01:14:42.400> things<01:14:42.560> and<01:14:42.800> have<01:14:42.960> individual<01:14:43.520> agency
create things and have individual agency
have<01:14:44.480> the<01:14:44.719> ability<01:14:44.960> to<01:14:45.199> progress<01:14:45.840> self<01:14:46.400> in
have the ability to progress self in
this<01:14:46.880> world,<01:14:47.120> in<01:14:47.360> this<01:14:47.520> society.<01:14:48.159> And<01:14:48.320> if<01:14:48.480> you
this world, in this society. And if you
take<01:14:48.719> advantage<01:14:49.040> of<01:14:49.199> that<01:14:49.440> opportunity,
take advantage of that opportunity,
you're<01:14:50.320> going<01:14:50.400> to<01:14:50.480> love<01:14:50.640> the<01:14:50.880> American<01:14:51.199> ideals
you're going to love the American ideals
that<01:14:51.840> this<01:14:52.080> country<01:14:52.239> was<01:14:52.480> founded<01:14:52.719> upon.<01:14:53.199> And
that this country was founded upon. And
there<01:14:53.520> are<01:14:53.679> ways<01:14:53.840> to<01:14:53.920> do<01:14:54.000> that.<01:14:54.239> Freeberg,<01:14:54.880> you
there are ways to do that. Freeberg, you
can<01:14:55.199> look<01:14:55.360> at<01:14:55.760> people's<01:14:56.159> desire<01:14:56.560> to<01:14:56.880> learn<01:14:57.040> the
can look at people's desire to learn the
language<01:14:57.600> and<01:14:57.920> understand<01:14:58.400> the<01:14:58.640> political
language and understand the political
system<01:14:59.199> and<01:14:59.440> culture<01:14:59.679> here.<01:15:00.080> If<01:15:00.239> you<01:15:00.400> said<01:15:00.560> at
system and culture here. If you said at
the<01:15:00.880> border,<01:15:01.600> speaking<01:15:01.920> fluent<01:15:02.320> English,
the border, speaking fluent English,
understanding<01:15:03.840> our<01:15:04.080> systems<01:15:04.480> here,<01:15:05.120> you
understanding our systems here, you
know,<01:15:05.600> and<01:15:06.159> doing<01:15:06.400> some<01:15:06.719> learning<01:15:07.120> before<01:15:07.440> you
know, and doing some learning before you
come<01:15:07.760> here,<01:15:08.320> that<01:15:08.560> would<01:15:08.640> give<01:15:08.800> you<01:15:08.960> more
come here, that would give you more
points<01:15:09.440> in<01:15:09.600> a<01:15:09.760> point-based<01:15:10.239> system.<01:15:10.640> Canada,
points in a point-based system. Canada,
Australia,<01:15:12.159> New<01:15:12.320> Zealand,<01:15:12.880> most<01:15:13.120> of<01:15:13.199> the
Australia, New Zealand, most of the
great<01:15:14.080> functioning<01:15:14.560> democracies<01:15:15.280> in<01:15:15.440> the
great functioning democracies in the
world<01:15:16.640> have<01:15:17.120> pointbased<01:15:17.840> systems.<01:15:18.239> And<01:15:18.400> part
world have pointbased systems. And part
of<01:15:18.640> that<01:15:18.800> point-based<01:15:19.280> system<01:15:19.520> could<01:15:19.679> be
of that point-based system could be
you're<01:15:20.080> provisional<01:15:20.640> here<01:15:21.360> and<01:15:21.679> you<01:15:21.920> get<01:15:22.080> a
you're provisional here and you get a
visa<01:15:22.640> for<01:15:22.800> a<01:15:23.040> certain<01:15:23.280> amount<01:15:23.440> of<01:15:23.600> time
visa for a certain amount of time
provided<01:15:24.239> you<01:15:24.480> don't<01:15:24.640> commit<01:15:24.880> crimes,<01:15:25.600> you
provided you don't commit crimes, you
don't<01:15:26.159> tap<01:15:26.480> the<01:15:26.640> welfare<01:15:27.120> system,<01:15:27.600> an
don't tap the welfare system, an
entitlement<01:15:28.400> system,<01:15:28.719> and<01:15:28.960> you<01:15:29.120> do<01:15:29.360> create
entitlement system, and you do create
jobs.<01:15:30.400> We'll<01:15:30.640> take<01:15:30.800> an<01:15:30.960> unlimited<01:15:31.440> number<01:15:31.760> of
jobs. We'll take an unlimited number of
Elon<01:15:32.480> Musk,<01:15:32.800> David<01:15:33.040> Freebergs,<01:15:33.679> David<01:15:33.920> Saxes,
Elon Musk, David Freebergs, David Saxes,
and<01:15:34.400> Chimath<01:15:34.719> Polyhetas<01:15:35.760> in<01:15:36.080> my<01:15:36.320> America<01:15:36.960> as<01:15:37.199> a
and Chimath Polyhetas in my America as a
seventh,<01:15:37.679> eighth<01:15:38.000> generation<01:15:38.560> American.<01:15:39.440> And
seventh, eighth generation American. And
speaking<01:15:40.080> for<01:15:40.320> the<01:15:40.560> people<01:15:40.719> who've<01:15:40.960> been<01:15:41.040> here
speaking for the people who've been here
the<01:15:41.440> longest,<01:15:42.000> we'll<01:15:42.239> take<01:15:42.400> an<01:15:42.560> unlimited
the longest, we'll take an unlimited
number<01:15:43.840> of<01:15:44.800> the<01:15:44.960> besties<01:15:45.440> I<01:15:45.679> just<01:15:45.840> mentioned
number of the besties I just mentioned
and<01:15:46.719> we<01:15:46.960> should<01:15:47.120> recruit<01:15:47.440> them<01:15:47.679> actively.<01:15:48.239> We
and we should recruit them actively. We
should<01:15:48.560> be<01:15:48.800> trying<01:15:48.960> to<01:15:49.199> increase<01:15:49.520> the
should be trying to increase the
population<01:15:50.080> of<01:15:50.159> the<01:15:50.320> United<01:15:50.480> States<01:15:50.719> with
population of the United States with
those<01:15:51.280> people.<01:15:51.760> Every<01:15:52.080> single<01:15:52.400> person<01:15:53.199> sachs
those people. Every single person sachs
we<01:15:53.760> take<01:15:54.000> that's<01:15:54.239> a<01:15:54.480> high<01:15:54.640> performer<01:15:55.040> like
we take that's a high performer like
yourself<01:15:55.600> from<01:15:55.840> another<01:15:56.159> country<01:15:56.320> like<01:15:56.640> South
yourself from another country like South
Africa,<01:15:57.520> Sri<01:15:57.760> Lanka,<01:15:58.640> uh,<01:15:58.719> or<01:15:58.960> pick<01:15:59.199> the
Africa, Sri Lanka, uh, or pick the
country.<01:15:59.679> Every<01:15:59.920> time<01:16:00.080> we<01:16:00.239> recruit<01:16:00.560> one<01:16:00.719> of
country. Every time we recruit one of
those<01:16:00.960> people,<01:16:01.600> that<01:16:02.000> gives<01:16:02.239> us<01:16:02.400> a<01:16:02.560> gain.<01:16:02.880> It
those people, that gives us a gain. It
also<01:16:03.280> in<01:16:03.520> a<01:16:03.679> super<01:16:03.920> hyper<01:16:04.239> competitive<01:16:04.719> world
also in a super hyper competitive world
is<01:16:05.679> a<01:16:05.920> loss<01:16:06.320> for<01:16:06.640> China,<01:16:07.280> for<01:16:07.440> Iran,<01:16:08.159> for
is a loss for China, for Iran, for
wherever<01:16:08.719> we<01:16:08.960> can<01:16:09.120> recruit<01:16:09.679> the<01:16:09.920> best<01:16:10.239> and
wherever we can recruit the best and
brightest<01:16:11.120> who<01:16:11.440> want<01:16:11.679> to<01:16:11.920> assimilate<01:16:12.400> Saxs.
brightest who want to assimilate Saxs.
I'll<01:16:12.960> let<01:16:13.040> you<01:16:13.199> have<01:16:13.360> the<01:16:14.000> final<01:16:14.560> input<01:16:14.960> here.
I'll let you have the final input here.
What<01:16:16.239> when<01:16:16.480> you<01:16:16.719> are<01:16:17.360> um<01:16:17.760> JD<01:16:18.159> Vance's<01:16:18.640> chief<01:16:18.880> of
What when you are um JD Vance's chief of
staff<01:16:19.360> in<01:16:20.080> uh<01:16:20.400> 3<01:16:20.640> years,<01:16:21.199> what<01:16:21.360> will<01:16:21.520> your
staff in uh 3 years, what will your
advice<01:16:22.000> to<01:16:22.239> JD<01:16:22.719> be?<01:16:23.199> And<01:16:23.440> how<01:16:23.679> will<01:16:23.920> you<01:16:24.159> frame
advice to JD be? And how will you frame
this<01:16:24.960> during<01:16:25.280> the<01:16:25.440> election<01:16:25.840> cycle?<01:16:26.239> How<01:16:26.400> will
this during the election cycle? How will
you<01:16:26.719> win<01:16:26.960> my<01:16:27.120> vote<01:16:27.360> as<01:16:27.600> a<01:16:27.760> moderate?<01:16:28.239> That'd<01:16:28.400> be
you win my vote as a moderate? That'd be
awesome.
>> Chief<01:16:29.280> of<01:16:29.360> Staff<01:16:29.679> David<01:16:30.000> Sax.
>> Chief of Staff David Sax.
>> No,<01:16:30.719> that's<01:16:30.960> that's<01:16:31.280> not<01:16:31.440> going<01:16:31.520> to<01:16:31.600> happen.
>> No, that's that's not going to happen.
But<01:16:32.400> 100%<01:16:32.880> going<01:16:33.040> to<01:16:33.120> happen.<01:16:33.280> I<01:16:33.440> talked<01:16:33.600> to<01:16:33.679> J.
But 100% going to happen. I talked to J.
>> Well,<01:16:34.080> I<01:16:34.239> can<01:16:34.320> give<01:16:34.400> you<01:16:34.560> I<01:16:34.719> mean<01:16:34.800> I<01:16:34.960> can<01:16:35.040> give
>> Well, I can give you I mean I can give
you<01:16:35.280> the<01:16:35.440> actual<01:16:35.760> polling<01:16:36.159> data.<01:16:36.960> So,<01:16:37.840> first
you the actual polling data. So, first
of<01:16:38.159> all,<01:16:38.800> I<01:16:39.040> think<01:16:39.120> it's<01:16:39.440> broadly<01:16:39.840> popular<01:16:40.159> in
of all, I think it's broadly popular in
America<01:16:41.120> to<01:16:41.600> seal<01:16:41.920> the<01:16:42.080> border<01:16:42.400> and<01:16:42.640> not<01:16:42.880> allow
America to seal the border and not allow
illegal<01:16:43.679> immigration.<01:16:44.400> J,<01:16:44.960> you're<01:16:45.120> even<01:16:45.280> on
illegal immigration. J, you're even on
board<01:16:45.600> with<01:16:45.760> that<01:16:46.000> obviously.<01:16:46.640> Now,<01:16:46.880> the<01:16:47.040> only
board with that obviously. Now, the only
people<01:16:47.360> who<01:16:47.600> really<01:16:47.760> aren't<01:16:48.000> are<01:16:48.239> these<01:16:48.480> DSA
people who really aren't are these DSA
types<01:16:49.520> who<01:16:49.760> want<01:16:50.000> open<01:16:50.320> borders.<01:16:50.800> They<01:16:50.960> want
types who want open borders. They want
to<01:16:51.120> abolish<01:16:51.520> ICE.<01:16:51.920> They<01:16:52.000> want<01:16:52.159> ma<01:16:52.400> mass
to abolish ICE. They want ma mass
amnesty.<01:16:53.360> They<01:16:53.520> are<01:16:53.760> lunatics.<01:16:54.400> Now
amnesty. They are lunatics. Now
communist<01:16:55.360> politics
communist politics
>> if<01:16:56.320> you<01:16:56.400> look<01:16:56.480> at<01:16:56.719> deportations<01:16:57.840> about<01:16:58.080> a
>> if you look at deportations about a
third<01:16:58.719> of<01:16:59.040> US<01:16:59.360> adults<01:16:59.840> say<01:17:00.159> all<01:17:00.560> immigrants<01:17:00.960> in
third of US adults say all immigrants in
the<01:17:01.360> US<01:17:01.920> who<01:17:02.480> here<01:17:02.800> illegally<01:17:03.199> should<01:17:03.360> be
the US who here illegally should be
deported<01:17:04.320> and<01:17:04.560> then<01:17:04.800> half<01:17:05.600> say<01:17:05.920> some<01:17:06.320> should
deported and then half say some should
be.<01:17:07.040> So<01:17:07.360> 32%<01:17:08.080> are<01:17:08.239> in<01:17:08.400> favor<01:17:08.560> of<01:17:08.719> deporting<01:17:09.199> all
be. So 32% are in favor of deporting all
illegals<01:17:10.400> and<01:17:10.719> 51%<01:17:11.760> are<01:17:12.080> in<01:17:12.320> favor<01:17:12.640> of
illegals and 51% are in favor of
deporting<01:17:13.440> some<01:17:14.320> and<01:17:14.719> almost<01:17:15.040> everybody<01:17:15.440> in
deporting some and almost everybody in
that<01:17:15.920> group<01:17:16.239> says<01:17:16.400> that<01:17:16.640> anyone<01:17:16.960> who's
that group says that anyone who's
committed<01:17:17.360> a<01:17:17.520> violent<01:17:17.920> crime<01:17:18.480> should<01:17:18.719> be
committed a violent crime should be
deported.<01:17:19.679> And<01:17:19.840> then<01:17:20.080> 16%<01:17:20.800> which<01:17:21.040> is<01:17:21.120> the<01:17:21.280> DSA
deported. And then 16% which is the DSA
group<01:17:22.480> says<01:17:23.120> none<01:17:23.440> should<01:17:23.600> be<01:17:23.679> deported.<01:17:24.239> So
group says none should be deported. So
deportations<01:17:26.000> are<01:17:26.560> popular<01:17:27.280> provided<01:17:28.080> that
deportations are popular provided that
the<01:17:28.880> illegals<01:17:29.360> have<01:17:29.679> committed<01:17:30.080> violent
the illegals have committed violent
crimes<01:17:30.719> and<01:17:31.199> have<01:17:31.440> done<01:17:31.600> other<01:17:31.920> things<01:17:32.239> that
crimes and have done other things that
people<01:17:33.600> think<01:17:34.000> should<01:17:34.239> be<01:17:34.400> unacceptable.<01:17:35.520> But
people think should be unacceptable. But
you're<01:17:36.000> right.<01:17:36.239> Only<01:17:36.480> 32%<01:17:37.760> believe<01:17:38.080> that
you're right. Only 32% believe that
every<01:17:38.719> single<01:17:39.040> one<01:17:39.280> should<01:17:39.520> be<01:17:39.840> deported.
every single one should be deported.
That's<01:17:40.800> from<01:17:41.520> Pew.
That's from Pew.
Now,<01:17:43.600> I<01:17:43.840> guess<01:17:44.000> I<01:17:44.239> agree<01:17:44.400> with<01:17:44.560> Freeberg's
Now, I guess I agree with Freeberg's
point<01:17:45.440> about<01:17:46.159> the<01:17:46.400> incentives.<01:17:46.960> I<01:17:47.199> mean,<01:17:47.280> if
point about the incentives. I mean, if
you're<01:17:47.679> coming<01:17:47.920> here<01:17:48.719> to<01:17:49.040> get<01:17:49.360> on<01:17:50.159> welfare
you're coming here to get on welfare
programs,<01:17:51.199> forget<01:17:51.440> about<01:17:51.679> it.<01:17:51.920> I<01:17:52.159> mean,<01:17:52.719> we
programs, forget about it. I mean, we
should<01:17:53.040> only<01:17:53.199> allow<01:17:53.520> people<01:17:53.760> in<01:17:54.159> if<01:17:54.480> they're
should only allow people in if they're
here<01:17:54.880> to<01:17:55.120> work<01:17:55.760> and<01:17:56.080> be<01:17:56.239> successful<01:17:56.880> and<01:17:57.199> are
here to work and be successful and are
not<01:17:58.239> a<01:17:58.480> net<01:17:58.880> like,<01:17:59.120> would<01:17:59.360> you<01:17:59.520> say,<01:17:59.679> a<01:17:59.920> gain,
not a net like, would you say, a gain,
not<01:18:00.320> a<01:18:00.480> drain?
not a drain?
>> I<01:18:01.600> agree<01:18:01.760> with<01:18:01.920> that.<01:18:02.239> And<01:18:02.480> yeah,
>> I agree with that. And yeah,
>> and<01:18:03.120> even<01:18:03.280> in<01:18:03.520> the<01:18:03.600> days<01:18:03.840> of<01:18:04.080> Ellis<01:18:04.480> Island,
>> and even in the days of Ellis Island,
>> you<01:18:05.360> can<01:18:05.520> have<01:18:05.679> it
>> you can have it
>> where<01:18:06.159> the<01:18:06.320> US<01:18:06.640> was<01:18:06.800> very<01:18:07.600> accepting<01:18:08.000> of
>> where the US was very accepting of
immigrants,<01:18:09.600> onethird<01:18:10.000> of<01:18:10.239> immigrants<01:18:10.719> who
immigrants, onethird of immigrants who
arrived<01:18:11.360> at<01:18:11.520> Ellis<01:18:11.920> Island<01:18:12.320> actually
arrived at Ellis Island actually
returned<01:18:13.040> home.<01:18:14.080> 2%<01:18:14.560> were<01:18:14.800> not<01:18:14.960> allowed<01:18:15.440> entry
returned home. 2% were not allowed entry
due<01:18:16.000> to<01:18:16.159> health<01:18:16.400> or<01:18:16.640> criminal<01:18:16.960> problems,<01:18:17.360> but
due to health or criminal problems, but
a<01:18:18.159> third<01:18:18.560> actually<01:18:18.960> went<01:18:19.199> back.<01:18:20.000> And<01:18:20.159> that<01:18:20.400> was
a third actually went back. And that was
because<01:18:21.679> there<01:18:21.920> was<01:18:22.080> no<01:18:22.320> social<01:18:22.640> welfare.<01:18:23.120> And
because there was no social welfare. And
if<01:18:23.440> you<01:18:23.600> didn't<01:18:23.760> make<01:18:23.920> it<01:18:24.000> in<01:18:24.159> the<01:18:24.320> United
if you didn't make it in the United
States,<01:18:25.520> you<01:18:25.760> would<01:18:25.920> leave.<01:18:26.719> And<01:18:26.960> now<01:18:27.440> anyone
States, you would leave. And now anyone
can<01:18:28.080> walk<01:18:28.239> across<01:18:28.560> the<01:18:28.719> border.<01:18:29.120> They
can walk across the border. They
download<01:18:29.679> an<01:18:29.920> app<01:18:30.080> and<01:18:30.320> they<01:18:30.480> get<01:18:31.120> $5,000<01:18:31.679> a
download an app and they get $5,000 a
month<01:18:32.000> in<01:18:32.239> welfare.<01:18:32.719> And<01:18:32.960> during<01:18:33.199> the<01:18:33.360> Biden
month in welfare. And during the Biden
administration,<01:18:34.800> they<01:18:34.960> were<01:18:35.120> getting<01:18:35.280> luxury
administration, they were getting luxury
hotel<01:18:36.000> rooms<01:18:36.320> and<01:18:36.960> buses<01:18:37.280> and<01:18:37.520> flights<01:18:37.840> all
hotel rooms and buses and flights all
over<01:18:38.159> the<01:18:38.320> country.<01:18:38.560> It<01:18:38.640> was<01:18:38.880> insane.
over the country. It was insane.
>> So<01:18:40.800> I<01:18:41.040> mean,<01:18:41.199> we<01:18:41.440> got<01:18:41.520> to<01:18:41.679> stop<01:18:41.840> that.<01:18:42.159> If<01:18:42.320> you
>> So I mean, we got to stop that. If you
do<01:18:42.640> get<01:18:42.719> in,<01:18:43.040> there<01:18:43.199> should<01:18:43.360> be<01:18:43.520> some<01:18:43.679> sort<01:18:43.840> of
do get in, there should be some sort of
moratorum<01:18:45.120> on<01:18:45.360> any<01:18:45.679> kind<01:18:45.840> of<01:18:46.000> social<01:18:46.400> program
moratorum on any kind of social program
for<01:18:47.760> maybe<01:18:48.000> while<01:18:48.159> you<01:18:48.320> have<01:18:48.400> a<01:18:48.480> visa.
for maybe while you have a visa.
>> Can<01:18:48.960> I<01:18:49.120> just<01:18:49.199> come<01:18:49.360> up<01:18:49.440> with<01:18:49.520> that?<01:18:49.760> I<01:18:49.920> mean,<01:18:50.000> it
>> Can I just come up with that? I mean, it
seems<01:18:50.320> like<01:18:50.480> the<01:18:50.640> simplest<01:18:51.040> thing<01:18:51.199> you<01:18:51.360> could
seems like the simplest thing you could
ever<01:18:51.679> do<01:18:51.760> is<01:18:51.920> just<01:18:52.080> say<01:18:52.320> you<01:18:52.480> cannot<01:18:52.880> tax<01:18:53.120> the
ever do is just say you cannot tax the
welfare<01:18:53.760> system.<01:18:54.159> You<01:18:54.320> cannot<01:18:54.640> tax<01:18:55.280> social
welfare system. You cannot tax social
security<01:18:55.840> benefits,<01:18:56.159> which<01:18:56.320> I<01:18:56.480> don't<01:18:56.560> think
security benefits, which I don't think
you<01:18:56.800> can<01:18:56.960> right<01:18:57.120> now.<01:18:57.360> You<01:18:57.520> just<01:18:57.600> can't<01:18:57.760> tax
you can right now. You just can't tax
anything.<01:18:58.640> You<01:18:58.880> can't<01:18:59.440> take<01:18:59.679> anything<01:19:00.000> from
anything. You can't take anything from
the<01:19:00.400> system<01:19:00.560> for<01:19:00.800> the<01:19:00.880> 5<01:19:01.120> years<01:19:01.280> you're<01:19:01.440> here.
the system for the 5 years you're here.
Period.<01:19:02.000> Full<01:19:02.239> stop.<01:19:02.640> The<01:19:02.880> end.<01:19:03.440> And<01:19:03.600> if
Period. Full stop. The end. And if
that's<01:19:04.000> okay<01:19:04.159> with<01:19:04.320> you,<01:19:04.560> then<01:19:04.880> come.<01:19:05.440> And<01:19:05.679> if
that's okay with you, then come. And if
you<01:19:06.080> produce<01:19:06.480> jobs<01:19:06.719> and<01:19:06.960> you<01:19:07.120> create<01:19:07.440> x<01:19:07.760> amount
you produce jobs and you create x amount
of<01:19:08.159> economic<01:19:08.640> activity,<01:19:09.360> let's<01:19:09.600> say<01:19:09.840> you
of economic activity, let's say you
create<01:19:11.199> $10<01:19:11.440> million<01:19:12.400> worth<01:19:12.719> of<01:19:12.960> economic
create $10 million worth of economic
activity.<01:19:14.000> When<01:19:14.159> you<01:19:14.239> hit<01:19:14.480> $10<01:19:14.640> million<01:19:15.040> in
activity. When you hit $10 million in
economic<01:19:15.679> activity,<01:19:16.400> you<01:19:16.719> are<01:19:17.360> uh<01:19:17.520> pushed<01:19:17.760> to
economic activity, you are uh pushed to
the<01:19:18.000> front<01:19:18.080> of<01:19:18.159> the<01:19:18.320> line<01:19:18.480> and<01:19:18.640> we<01:19:18.800> review<01:19:19.040> your
the front of the line and we review your
case<01:19:19.440> on<01:19:19.600> a<01:19:19.760> one-off<01:19:20.159> basis.<01:19:20.640> If<01:19:20.800> you<01:19:20.880> hit<01:19:21.199> 5
case on a one-off basis. If you hit 5
million,<01:19:21.600> you<01:19:21.760> go<01:19:21.920> next.<01:19:22.400> And<01:19:22.640> that<01:19:22.800> would<01:19:22.960> be
million, you go next. And that would be
actually<01:19:23.600> like<01:19:23.840> let's<01:19:24.159> put<01:19:24.880> some<01:19:25.199> goalposts
actually like let's put some goalposts
there.<01:19:26.080> Let's<01:19:26.320> set<01:19:26.560> some<01:19:26.719> targets.<01:19:27.120> Hey,<01:19:27.360> you
there. Let's set some targets. Hey, you
come<01:19:27.600> to<01:19:27.760> the<01:19:27.920> country.<01:19:28.640> You're<01:19:28.880> an<01:19:29.040> Iranian
come to the country. You're an Iranian
Persian<01:19:30.800> amazing<01:19:31.360> entrepreneur.<01:19:32.000> You're<01:19:32.159> a
Persian amazing entrepreneur. You're a
developer.<01:19:32.800> You're<01:19:32.880> an<01:19:33.040> AI<01:19:33.440> developer<01:19:33.920> from
developer. You're an AI developer from
Ukraine.<01:19:34.719> You<01:19:34.880> want<01:19:34.960> to<01:19:35.040> come<01:19:35.199> here<01:19:35.360> with<01:19:35.520> your
Ukraine. You want to come here with your
team.<01:19:36.320> Great.<01:19:37.199> What<01:19:37.679> amount<01:19:38.000> of<01:19:38.159> money<01:19:38.480> can
team. Great. What amount of money can
you<01:19:38.880> raise<01:19:39.360> on<01:19:39.679> your<01:19:39.840> way<01:19:39.920> in<01:19:40.080> the<01:19:40.239> door?
you raise on your way in the door?
You've<01:19:40.640> got<01:19:40.880> $6<01:19:41.120> million<01:19:41.600> in<01:19:41.760> venture
You've got $6 million in venture
funding.<01:19:42.400> Great.<01:19:42.640> You<01:19:42.800> go<01:19:42.960> to<01:19:43.040> the<01:19:43.199> front<01:19:43.360> of
funding. Great. You go to the front of
the<01:19:43.840> line.<01:19:44.159> Let's<01:19:44.480> go.<01:19:45.040> Let's<01:19:45.360> take<01:19:45.600> these
the line. Let's go. Let's take these
great<01:19:46.159> entrepreneurs<01:19:46.880> and<01:19:47.199> creators<01:19:47.520> and
great entrepreneurs and creators and
builders.<01:19:48.560> Let's<01:19:48.880> sweep<01:19:49.199> the<01:19:49.440> table<01:19:49.679> with
builders. Let's sweep the table with
them<01:19:50.159> now<01:19:50.400> that<01:19:50.640> we've<01:19:50.960> calmed<01:19:51.360> down<01:19:52.000> this
them now that we've calmed down this
rhetoric<01:19:53.120> around<01:19:53.760> immigration<01:19:54.239> and<01:19:54.560> shut<01:19:54.719> the
rhetoric around immigration and shut the
border,<01:19:55.120> which<01:19:55.360> was<01:19:55.440> a<01:19:55.600> key<01:19:55.760> piece<01:19:56.000> of<01:19:56.239> doing
border, which was a key piece of doing
that.<01:19:57.120> Uh,<01:19:57.360> all<01:19:57.360> right,<01:19:57.679> let's<01:19:57.920> keep<01:19:58.080> moving.
that. Uh, all right, let's keep moving.
>> The<01:19:58.640> GSA<01:19:59.040> has<01:19:59.199> calmed<01:19:59.440> it<01:19:59.600> down.<01:19:59.920> They<01:20:00.159> still
>> The GSA has calmed it down. They still
want<01:20:00.480> to<01:20:00.640> go<01:20:00.800> back.
want to go back.
>> They're<01:20:01.360> lunatics.<01:20:01.920> These<01:20:02.480> commies.
>> They're lunatics. These commies.
Honestly,
>> the<01:20:04.159> Democrat<01:20:04.480> party.
>> the Democrat party.
>> I<01:20:05.840> mean,
>> I mean,
>> let's<01:20:06.400> talk<01:20:06.560> about<01:20:06.800> California,<01:20:07.360> shall<01:20:07.440> we,
>> let's talk about California, shall we,
Jal?
>> I<01:20:08.320> mean,<01:20:08.480> yes.<01:20:08.719> Yes.<01:20:09.040> Hold<01:20:09.199> on<01:20:09.280> a<01:20:09.520> second.<01:20:09.679> I
>> I mean, yes. Yes. Hold on a second. I
mean,<01:20:09.920> if<01:20:10.080> they<01:20:10.159> take<01:20:10.320> over<01:20:10.480> the<01:20:10.640> Democratic
mean, if they take over the Democratic
party,<01:20:11.360> then<01:20:11.520> I<01:20:11.679> guess<01:20:11.840> I'm<01:20:12.000> a<01:20:12.239> Republican.
party, then I guess I'm a Republican.
Colorado<01:20:13.679> a<01:20:14.480> 15ter<01:20:14.960> term<01:20:15.360> congresswoman<01:20:16.800> 30
Colorado a 15ter term congresswoman 30
years<01:20:17.600> list<01:20:17.920> lost<01:20:18.159> to<01:20:18.320> a<01:20:18.480> DSA<01:20:19.120> so<01:20:19.360> it's<01:20:19.600> not
years list lost to a DSA so it's not
just<01:20:19.920> New<01:20:20.159> York<01:20:20.400> it's<01:20:20.560> not<01:20:20.719> just<01:20:20.800> because<01:20:21.040> of
just New York it's not just because of
Zoran<01:20:21.600> Mdani<01:20:22.560> the<01:20:22.719> DSA<01:20:23.520> is<01:20:24.080> very<01:20:24.400> popular<01:20:24.800> now
Zoran Mdani the DSA is very popular now
>> socialism<01:20:25.600> is<01:20:25.840> going<01:20:25.920> to<01:20:26.000> win<01:20:26.640> any<01:20:27.199> city
>> socialism is going to win any city
>> this<01:20:28.080> is<01:20:28.159> this<01:20:28.400> is<01:20:28.480> a<01:20:28.640> quick<01:20:28.800> way<01:20:28.960> to<01:20:29.440> I<01:20:29.679> mean<01:20:29.840> to
>> this is this is a quick way to I mean to
Roana<01:20:31.280> and<01:20:31.600> Rahm<01:20:31.920> Emanuel<01:20:32.640> and<01:20:32.960> to<01:20:33.440> well<01:20:33.600> I
Roana and Rahm Emanuel and to well I
mean<01:20:34.080> Rohan<01:20:34.560> is<01:20:34.640> a<01:20:34.800> lost<01:20:34.960> cause<01:20:35.360> but<01:20:35.600> to<01:20:35.920> Rahm
mean Rohan is a lost cause but to Rahm
Emanuel<01:20:37.679> to<01:20:38.719> Shapiro
Emanuel to Shapiro
to<01:20:40.480> anybody
to anybody
in<01:20:42.159> Democrat<01:20:42.960> is<01:20:43.120> a<01:20:43.199> lost<01:20:43.440> cause.<01:20:43.679> I've<01:20:43.840> been
in Democrat is a lost cause. I've been
telling<01:20:44.080> you<01:20:44.239> for<01:20:44.400> a<01:20:44.640> long<01:20:44.800> time<01:20:45.199> that<01:20:45.440> you<01:20:45.600> may
telling you for a long time that you may
disagree<01:20:46.159> with<01:20:46.320> what<01:20:46.560> Roana<01:20:47.120> is<01:20:47.360> doing<01:20:47.440> and
disagree with what Roana is doing and
saying,<01:20:47.920> but<01:20:48.080> it's<01:20:48.320> popular<01:20:48.960> in<01:20:49.199> the
saying, but it's popular in the
Democratic<01:20:49.840> party.<01:20:50.159> I<01:20:50.400> think<01:20:50.480> he's<01:20:50.640> got<01:20:50.800> his
Democratic party. I think he's got his
finger<01:20:51.199> on<01:20:51.600> the<01:20:51.760> pulse.
finger on the pulse.
>> Well,<01:20:52.400> he<01:20:52.560> wants<01:20:52.800> to<01:20:52.880> win.<01:20:53.520> I<01:20:53.600> get<01:20:53.760> it.<01:20:54.159> But<01:20:54.320> I
>> Well, he wants to win. I get it. But I
think<01:20:54.640> you<01:20:54.880> have<01:20:55.040> to<01:20:56.000> the<01:20:56.320> quick<01:20:56.560> win,<01:20:57.199> the
think you have to the quick win, the
quick<01:20:57.679> hit,<01:20:58.400> the<01:20:58.640> quick<01:20:58.960> bump<01:20:59.679> of<01:21:00.320> the
quick hit, the quick bump of the
fentinol<01:21:01.600> or<01:21:01.840> methamphetamine
fentinol or methamphetamine
of<01:21:03.600> communism<01:21:04.080> and<01:21:04.320> socialism<01:21:04.800> to<01:21:04.960> get<01:21:05.040> you<01:21:05.199> a
of communism and socialism to get you a
couple<01:21:05.600> ratings<01:21:06.000> point<01:21:06.320> is<01:21:06.560> not<01:21:06.880> worth<01:21:07.120> it
couple ratings point is not worth it
long<01:21:07.600> term.<01:21:08.159> You<01:21:08.400> will<01:21:08.560> not<01:21:08.719> win.<01:21:09.199> You're
long term. You will not win. You're
going<01:21:09.520> to<01:21:09.600> lose<01:21:09.840> every<01:21:10.159> moderate,<01:21:10.719> every
going to lose every moderate, every
swing<01:21:11.280> voter,<01:21:11.760> every<01:21:12.000> adult<01:21:12.320> in<01:21:12.560> the<01:21:12.640> room<01:21:12.880> is
swing voter, every adult in the room is
not<01:21:13.360> voting<01:21:13.920> for<01:21:14.080> a<01:21:14.800> socialist
not voting for a socialist
communist<01:21:16.080> lunacy.
communist lunacy.
>> We'll<01:21:17.040> see.
>> We'll see.
>> They're<01:21:17.520> going<01:21:17.600> to<01:21:17.760> implode<01:21:18.159> the<01:21:18.400> Democratic
>> They're going to implode the Democratic
party.<01:21:19.600> All<01:21:19.679> right,<01:21:20.080> we<01:21:20.320> we'll<01:21:20.560> leave<01:21:20.800> off<01:21:20.960> the
party. All right, we we'll leave off the
other<01:21:21.679> um<01:21:22.320> Scotas<01:21:23.040> hottest<01:21:23.600> summer<01:21:23.920> for
other um Scotas hottest summer for
another<01:21:24.400> time.
another time.
>> Let's<01:21:25.440> talk<01:21:26.400> about<01:21:27.440> Gavin<01:21:27.920> with<01:21:28.159> the<01:21:28.320> good
>> Let's talk about Gavin with the good
hair<01:21:28.800> Newsome.<01:21:29.760> He<01:21:29.920> says<01:21:30.080> he<01:21:30.320> just<01:21:30.560> balanced
hair Newsome. He says he just balanced
the<01:21:31.360> California<01:21:31.920> budget.
the California budget.
Nuome<01:21:34.480> announced<01:21:34.960> $351<01:21:35.920> billion<01:21:36.560> in<01:21:36.719> balance
Nuome announced $351 billion in balance
zero<01:21:37.520> deficit<01:21:38.000> budget<01:21:38.320> through<01:21:38.640> 2028.<01:21:39.440> Over
zero deficit budget through 2028. Over
to<01:21:39.840> you,<01:21:40.080> Freedberg,<01:21:40.880> from<01:21:41.679> your<01:21:42.000> bunker,<01:21:42.719> the
to you, Freedberg, from your bunker, the
last<01:21:43.440> California<01:21:44.080> stand<01:21:44.719> in<01:21:44.960> the<01:21:45.120> Freedberg.
last California stand in the Freedberg.
>> I'm<01:21:47.360> going<01:21:47.440> to<01:21:47.520> call<01:21:47.679> it<01:21:48.080> I'm<01:21:48.239> going<01:21:48.320> to<01:21:48.480> call
>> I'm going to call it I'm going to call
this<01:21:49.199> this<01:21:49.520> the<01:21:49.840> state<01:21:50.080> of<01:21:50.320> California.
this this the state of California.
>> The<01:21:51.520> state<01:21:52.239> the<01:21:52.400> state<01:21:52.639> of<01:21:52.800> California.<01:21:53.280> The
>> The state the state of California. The
lower
>> the<01:21:53.920> state<01:21:54.080> of<01:21:54.320> California.
>> the state of California.
>> That's<01:21:55.280> right.<01:21:55.679> The<01:21:55.840> state<01:21:56.159> of<01:21:56.320> California.
>> That's right. The state of California.
>> The<01:21:57.120> state<01:21:57.199> of<01:21:57.360> the<01:21:57.440> state.
>> The state of the state.
>> And<01:21:58.400> there<01:21:58.560> are<01:21:58.719> five<01:21:59.199> the<01:21:59.360> state<01:21:59.520> of<01:21:59.600> the
>> And there are five the state of the
state.<01:21:59.920> And<01:22:00.159> there<01:22:00.239> are<01:22:00.480> five
state. And there are five
>> Got<01:22:01.199> it.<01:22:01.840> chapters<01:22:02.239> to<01:22:02.400> this<01:22:02.719> ballooning
>> Got it. chapters to this ballooning
costs,<01:22:03.840> the<01:22:04.080> accounting<01:22:04.480> tricks,<01:22:05.840> the
costs, the accounting tricks, the
revenue<01:22:06.639> dependency<01:22:07.360> problem,<01:22:08.320> and<01:22:08.480> now<01:22:08.639> the
revenue dependency problem, and now the
big<01:22:09.040> exodus<01:22:09.440> and<01:22:09.600> spiraling<01:22:10.080> that's
big exodus and spiraling that's
happening,<01:22:10.880> and<01:22:11.120> the<01:22:11.280> looming<01:22:11.600> unaccounted
happening, and the looming unaccounted
liabilities.<01:22:12.719> These<01:22:12.880> are<01:22:13.040> the<01:22:13.199> problems<01:22:13.440> that
liabilities. These are the problems that
California<01:22:14.159> is<01:22:14.320> facing<01:22:14.560> as<01:22:14.719> Gavin<01:22:15.120> puts<01:22:15.360> his
California is facing as Gavin puts his
bow<01:22:16.080> on<01:22:16.320> his<01:22:16.480> final<01:22:16.800> budget,<01:22:17.440> calls<01:22:17.679> it
bow on his final budget, calls it
balanced,<01:22:18.239> and<01:22:18.480> walks<01:22:18.800> away<01:22:19.520> while<01:22:19.760> the<01:22:19.920> House
balanced, and walks away while the House
burns.<01:22:21.280> California's<01:22:22.159> state<01:22:22.400> budget
burns. California's state budget
ballooned<01:22:23.280> from<01:22:23.600> 215<01:22:24.239> billion<01:22:24.480> a<01:22:24.639> year<01:22:24.719> in
ballooned from 215 billion a year in
2019,<01:22:26.320> 6<01:22:26.560> years<01:22:26.719> ago,<01:22:27.040> to<01:22:27.360> 355<01:22:28.159> billion<01:22:28.400> today.
2019, 6 years ago, to 355 billion today.
So,<01:22:28.800> a<01:22:28.960> 65%<01:22:29.840> jump<01:22:30.639> in<01:22:31.280> the<01:22:31.520> state<01:22:31.760> budget.<01:22:32.719> And
So, a 65% jump in the state budget. And
there<01:22:33.199> were<01:22:33.280> a<01:22:33.440> number<01:22:33.520> of<01:22:33.679> these<01:22:33.920> kind<01:22:34.000> of
there were a number of these kind of
accounting<01:22:34.560> tricks<01:22:34.880> that<01:22:35.040> took<01:22:35.280> place<01:22:35.520> to<01:22:35.840> try
accounting tricks that took place to try
and<01:22:37.280> make<01:22:37.520> it<01:22:37.760> look<01:22:37.920> like<01:22:38.080> it's<01:22:38.239> a<01:22:38.400> balanced
and make it look like it's a balanced
budget<01:22:39.120> this<01:22:39.280> year.<01:22:39.600> But<01:22:39.760> there's<01:22:39.920> revenue
budget this year. But there's revenue
and<01:22:40.400> there's<01:22:40.560> spending.<01:22:40.880> When<01:22:41.040> they<01:22:41.199> call<01:22:41.280> it
and there's spending. When they call it
a<01:22:41.679> balanced<01:22:42.000> budget,
a balanced budget,
that's<01:22:43.840> not<01:22:44.000> the<01:22:44.159> way<01:22:44.320> we<01:22:44.560> all<01:22:44.719> talk<01:22:44.880> about<01:22:45.040> it
that's not the way we all talk about it
in<01:22:45.360> the<01:22:45.440> business<01:22:45.679> world<01:22:46.000> where<01:22:46.159> you<01:22:46.320> have
in the business world where you have
like<01:22:46.480> a<01:22:46.639> P&L,<01:22:47.120> you<01:22:47.280> have<01:22:47.360> revenue<01:22:47.679> and
like a P&L, you have revenue and
expenses.<01:22:49.040> They<01:22:49.280> have<01:22:49.679> revenue<01:22:50.000> and<01:22:50.239> expenses
expenses. They have revenue and expenses
and<01:22:50.880> the<01:22:51.120> expenses<01:22:51.600> exceed<01:22:51.920> the<01:22:52.159> revenue.<01:22:53.120> And
and the expenses exceed the revenue. And
that<01:22:53.600> little<01:22:53.840> difference<01:22:54.639> they<01:22:54.880> do<01:22:55.040> a<01:22:55.199> bunch
that little difference they do a bunch
of<01:22:55.520> borrowing<01:22:56.159> against<01:22:56.880> and<01:22:57.120> then<01:22:57.280> they<01:22:57.520> then
of borrowing against and then they then
they<01:22:57.840> call<01:22:58.000> it<01:22:58.159> a<01:22:58.320> balanced<01:22:58.719> budget.<01:22:59.600> So<01:23:00.239> all
they call it a balanced budget. So all
that<01:23:00.560> they've<01:23:00.719> done
that they've done
>> so<01:23:01.120> they<01:23:01.280> were<01:23:01.440> able<01:23:01.679> to<01:23:01.760> raise<01:23:02.080> enough<01:23:02.400> debt
>> so they were able to raise enough debt
to<01:23:02.880> cover<01:23:03.120> their<01:23:03.360> whole<01:23:04.080> question.
to cover their whole question.
>> So<01:23:04.880> there's<01:23:05.840> somewhere<01:23:06.159> between<01:23:06.960> 20<01:23:07.199> and<01:23:07.440> 40
>> So there's somewhere between 20 and 40
billion<01:23:07.920> of<01:23:08.080> debt<01:23:08.960> that<01:23:09.199> they<01:23:09.360> have<01:23:09.600> a<01:23:09.679> legal
billion of debt that they have a legal
ability<01:23:10.320> to<01:23:10.480> just<01:23:10.719> pencil<01:23:11.120> away<01:23:11.920> and<01:23:12.080> that<01:23:12.239> is
ability to just pencil away and that is
now<01:23:12.639> a<01:23:12.800> liability<01:23:13.360> that<01:23:13.600> the<01:23:13.840> state<01:23:14.000> has<01:23:14.239> that
now a liability that the state has that
the<01:23:14.560> taxpayers<01:23:15.040> are<01:23:15.199> all<01:23:15.280> going<01:23:15.360> to<01:23:15.440> have<01:23:15.520> to
the taxpayers are all going to have to
pay<01:23:15.840> at<01:23:16.000> some<01:23:16.159> point<01:23:16.639> that<01:23:16.880> allows<01:23:17.199> them<01:23:17.360> to
pay at some point that allows them to
quote<01:23:18.000> balance<01:23:18.400> the<01:23:18.639> budget<01:23:18.960> this<01:23:19.199> year.<01:23:19.600> And
quote balance the budget this year. And
I'm<01:23:20.000> not<01:23:20.080> going<01:23:20.159> to<01:23:20.320> get<01:23:20.400> into<01:23:20.639> all<01:23:20.800> the
I'm not going to get into all the
details<01:23:21.199> of<01:23:21.440> what<01:23:21.600> went<01:23:21.760> into<01:23:22.000> this<01:23:22.159> budget.
details of what went into this budget.
all<01:23:22.719> the<01:23:22.880> money<01:23:23.040> that's<01:23:23.280> being<01:23:23.440> spent.<01:23:23.760> It's
all the money that's being spent. It's
crazy.<01:23:24.800> But<01:23:24.960> I<01:23:25.120> think<01:23:25.199> that's<01:23:25.440> what's<01:23:25.679> worth
crazy. But I think that's what's worth
taking<01:23:26.719> note<01:23:26.960> of<01:23:27.199> is<01:23:27.440> the<01:23:27.600> revenue<01:23:27.920> dependency
taking note of is the revenue dependency
the<01:23:28.639> state<01:23:28.800> has.<01:23:29.040> As<01:23:29.280> you<01:23:29.360> all<01:23:29.520> know,<01:23:30.159> the<01:23:30.400> top
the state has. As you all know, the top
tax<01:23:30.880> rate<01:23:31.040> in<01:23:31.199> California<01:23:31.520> is<01:23:31.840> 14.4%<01:23:32.960> today.
tax rate in California is 14.4% today.
Personal<01:23:34.960> income<01:23:35.360> tax<01:23:36.239> is<01:23:36.719> $142<01:23:37.760> billion<01:23:38.639> of
Personal income tax is $142 billion of
the<01:23:39.040> state's<01:23:39.360> revenue.<01:23:40.480> Okay,<01:23:41.199> that<01:23:41.360> is<01:23:41.679> 211
the state's revenue. Okay, that is 211
billion<01:23:42.480> of<01:23:42.639> revenue<01:23:42.880> the<01:23:43.120> state<01:23:43.280> generates.
billion of revenue the state generates.
142<01:23:44.400> of<01:23:44.480> it<01:23:44.639> comes<01:23:44.800> from<01:23:44.960> personal<01:23:45.280> income
142 of it comes from personal income
tax.<01:23:46.159> The<01:23:46.400> top<01:23:46.639> 1%<01:23:47.840> 150,000<01:23:48.480> people<01:23:49.440> pay<01:23:49.920> 70
tax. The top 1% 150,000 people pay 70
billion<01:23:50.960> pay<01:23:51.199> half<01:23:51.440> of<01:23:51.600> that<01:23:51.760> tax<01:23:52.320> of<01:23:52.480> that
billion pay half of that tax of that
income.<01:23:53.280> So<01:23:53.600> 70<01:23:53.920> billion<01:23:54.560> of<01:23:54.800> the<01:23:54.960> state's<01:23:55.440> 210
income. So 70 billion of the state's 210
billion<01:23:56.480> income<01:23:57.440> comes<01:23:57.679> from<01:23:58.080> just<01:23:58.320> the<01:23:58.639> top
billion income comes from just the top
1%<01:23:59.360> of<01:23:59.520> payers,<01:24:00.159> 150,000<01:24:00.719> people<01:24:01.040> who<01:24:01.280> are
1% of payers, 150,000 people who are
already<01:24:01.679> paying<01:24:01.840> the<01:24:02.000> highest<01:24:02.239> tax<01:24:02.480> rate<01:24:02.639> in
already paying the highest tax rate in
the<01:24:02.880> country.<01:24:03.520> The<01:24:03.760> top<01:24:04.080> thousand<01:24:04.560> people<01:24:05.120> in
the country. The top thousand people in
the<01:24:05.440> state<01:24:05.600> of<01:24:05.760> California<01:24:06.320> pay<01:24:06.560> roughly<01:24:07.040> 22
the state of California pay roughly 22
billion<01:24:07.600> a<01:24:07.760> year.<01:24:08.320> So<01:24:08.560> more<01:24:08.719> than<01:24:09.040> you<01:24:09.199> know
billion a year. So more than you know
11%<01:24:10.000> of<01:24:10.159> the<01:24:10.400> state's<01:24:10.719> income.<01:24:11.679> The<01:24:11.920> corporate
11% of the state's income. The corporate
tax<01:24:12.560> is<01:24:12.719> one<01:24:12.880> of<01:24:12.880> the<01:24:13.040> highest<01:24:13.280> in<01:24:13.360> the<01:24:13.520> country
tax is one of the highest in the country
at<01:24:13.920> 8.9%<01:24:14.960> $43<01:24:15.440> billion.<01:24:16.000> So<01:24:16.159> it's<01:24:16.400> cheaper<01:24:16.639> to
at 8.9% $43 billion. So it's cheaper to
move<01:24:16.960> out<01:24:17.120> of<01:24:17.280> state.<01:24:17.840> If<01:24:18.000> you<01:24:18.159> look<01:24:18.239> at<01:24:18.400> some
move out of state. If you look at some
of<01:24:18.560> the<01:24:18.719> other<01:24:18.880> states,<01:24:19.280> Florida<01:24:20.239> 5.5%,
of the other states, Florida 5.5%,
Texas,<01:24:21.760> Tennessee<01:24:22.080> is<01:24:22.320> 6<01:24:22.480> and<01:24:22.560> a<01:24:22.639> half<01:24:22.800> and
Texas, Tennessee is 6 and a half and
Texas<01:24:23.360> is<01:24:23.520> zero.
Texas is zero.
So<01:24:25.600> now<01:24:25.840> if<01:24:26.000> you<01:24:26.159> kind<01:24:26.320> of<01:24:26.960> look<01:24:27.120> at<01:24:27.280> what's
So now if you kind of look at what's
happening,<01:24:28.000> there's<01:24:28.159> a<01:24:28.320> massive<01:24:28.639> exodus
happening, there's a massive exodus
underway.<01:24:30.000> the<01:24:30.320> corporate<01:24:30.719> exodus<01:24:31.360> because
underway. the corporate exodus because
of<01:24:31.679> the<01:24:31.920> high<01:24:32.080> tax<01:24:32.400> rates.<01:24:33.840> Since<01:24:34.159> 2019,<01:24:35.040> at
of the high tax rates. Since 2019, at
least<01:24:35.520> 15<01:24:35.920> Fortune<01:24:36.400> 500<01:24:36.880> companies<01:24:37.120> have
least 15 Fortune 500 companies have
moved<01:24:37.520> out<01:24:37.679> of<01:24:37.840> California,<01:24:38.239> moved<01:24:38.480> their
moved out of California, moved their
headquarters<01:24:39.040> out.<01:24:39.440> Not<01:24:39.600> to<01:24:39.760> mention<01:24:39.920> all<01:24:40.159> the
headquarters out. Not to mention all the
local<01:24:40.560> franchises<01:24:41.040> and<01:24:41.199> everything<01:24:41.520> that
local franchises and everything that
moved<01:24:41.840> out.<01:24:42.480> 2100<01:24:43.360> companies<01:24:43.679> that<01:24:43.920> are<01:24:44.000> mid
moved out. 2100 companies that are mid
or<01:24:44.560> large<01:24:44.880> size<01:24:45.120> have<01:24:45.360> moved<01:24:45.520> out<01:24:45.679> of
or large size have moved out of
California<01:24:46.320> since<01:24:46.560> 2019.<01:24:47.840> At<01:24:47.920> least<01:24:48.400> 5%<01:24:48.960> of
California since 2019. At least 5% of
California<01:24:49.760> jobs<01:24:50.080> have<01:24:50.320> been<01:24:50.480> lost<01:24:50.880> as<01:24:51.120> these
California jobs have been lost as these
companies<01:24:51.679> have<01:24:51.840> moved<01:24:52.080> out<01:24:52.239> of<01:24:52.400> the<01:24:52.560> state.
companies have moved out of the state.
And<01:24:54.320> this<01:24:54.480> is<01:24:54.639> the<01:24:54.800> more<01:24:54.960> important<01:24:55.280> and<01:24:55.520> crazy
And this is the more important and crazy
statistic.<01:24:56.320> No<01:24:56.480> one<01:24:56.639> pays<01:24:56.880> attention<01:24:57.199> to
statistic. No one pays attention to
this,<01:24:57.520> but<01:24:57.840> we<01:24:58.000> are<01:24:58.159> seeing<01:24:58.320> an<01:24:58.639> average
this, but we are seeing an average
annual<01:24:59.600> exodus<01:25:00.800> of<01:25:01.199> 1<01:25:01.440> to<01:25:01.760> one<01:25:01.920> and<01:25:01.920> a<01:25:02.080> half%<01:25:02.719> of
annual exodus of 1 to one and a half% of
personal<01:25:03.440> income,<01:25:04.320> meaning<01:25:04.560> the<01:25:04.800> AGI,<01:25:05.280> the
personal income, meaning the AGI, the
adjusted<01:25:05.760> gross<01:25:06.000> income.<01:25:06.560> So<01:25:06.880> people<01:25:07.120> that
adjusted gross income. So people that
earn<01:25:07.600> money,<01:25:08.080> about<01:25:08.400> 1<01:25:08.560> to<01:25:08.800> 1.5%<01:25:09.440> of<01:25:09.520> that
earn money, about 1 to 1.5% of that
income<01:25:09.920> is<01:25:10.239> leaving<01:25:10.480> the<01:25:10.639> state<01:25:10.880> every<01:25:11.199> year
income is leaving the state every year
right<01:25:11.760> now.<01:25:12.239> That<01:25:12.480> might<01:25:12.719> not<01:25:12.880> sound<01:25:13.120> like<01:25:13.280> a
right now. That might not sound like a
lot,<01:25:14.080> but<01:25:14.320> after<01:25:14.639> 10<01:25:14.880> years,<01:25:15.199> you've<01:25:15.440> seen<01:25:15.679> 15%
lot, but after 10 years, you've seen 15%
of<01:25:16.400> the<01:25:16.560> state's<01:25:16.880> income<01:25:17.120> leave.<01:25:17.440> And
of the state's income leave. And
obviously<01:25:17.840> with<01:25:18.000> the<01:25:18.159> new<01:25:18.320> billionaire<01:25:18.719> tax
obviously with the new billionaire tax
that's<01:25:19.280> being<01:25:19.440> proposed,<01:25:20.080> we're<01:25:20.239> going<01:25:20.320> to
that's being proposed, we're going to
see<01:25:20.560> an<01:25:20.719> acceleration<01:25:21.360> as<01:25:21.600> the<01:25:21.760> numbers<01:25:22.000> come
see an acceleration as the numbers come
out<01:25:22.320> for<01:25:22.480> 2025.<01:25:23.520> There's,<01:25:23.920> as<01:25:24.080> we<01:25:24.239> all<01:25:24.400> know,
out for 2025. There's, as we all know,
personal<01:25:24.880> friends<01:25:25.040> that<01:25:25.199> have<01:25:25.360> left<01:25:25.520> the
personal friends that have left the
state<01:25:25.840> in<01:25:26.080> 25<01:25:26.639> and<01:25:26.880> many<01:25:27.120> more<01:25:27.199> that'll<01:25:27.520> leave
state in 25 and many more that'll leave
in<01:25:27.840> 26,<01:25:28.239> including<01:25:28.560> our<01:25:28.719> friend<01:25:28.880> David<01:25:29.199> Sachs.
in 26, including our friend David Sachs.
So<01:25:31.280> there<01:25:31.440> is<01:25:31.600> a<01:25:31.760> spiraling<01:25:32.320> of<01:25:32.480> a<01:25:32.639> loss<01:25:32.880> of
So there is a spiraling of a loss of
revenue<01:25:33.440> while<01:25:33.679> there<01:25:33.840> is<01:25:33.920> a<01:25:34.080> ballooning<01:25:34.480> in
revenue while there is a ballooning in
costs.<01:25:35.760> And<01:25:35.920> this<01:25:36.159> is<01:25:36.320> fundamental<01:25:36.880> to<01:25:37.040> the
costs. And this is fundamental to the
spiraling<01:25:37.760> problem<01:25:38.000> that's<01:25:38.320> occurring.<01:25:38.719> So
spiraling problem that's occurring. So
now<01:25:39.120> in<01:25:39.280> order<01:25:39.440> to<01:25:39.600> try<01:25:39.840> and<01:25:40.000> make<01:25:40.239> more<01:25:40.480> money,
now in order to try and make more money,
the<01:25:41.440> state<01:25:41.840> has<01:25:42.000> to<01:25:42.159> go<01:25:42.320> further<01:25:42.639> down.<01:25:42.880> They
the state has to go further down. They
can't<01:25:43.199> just<01:25:43.280> go<01:25:43.440> to<01:25:43.520> the<01:25:43.679> corporates<01:25:44.000> and<01:25:44.080> the
can't just go to the corporates and the
high<01:25:44.400> net<01:25:44.560> worth<01:25:44.800> earners.<01:25:45.440> They're<01:25:45.679> now
high net worth earners. They're now
going<01:25:46.000> to<01:25:46.159> the<01:25:46.320> average<01:25:46.719> Californian.<01:25:47.600> So,
going to the average Californian. So,
they're<01:25:48.080> increasing<01:25:48.560> sales<01:25:48.880> tax<01:25:49.120> rates<01:25:49.440> this
they're increasing sales tax rates this
year<01:25:50.239> by<01:25:50.560> creating<01:25:50.880> a<01:25:51.120> new<01:25:51.280> sales<01:25:51.679> tax<01:25:52.000> on
year by creating a new sales tax on
software.<01:25:53.120> So,<01:25:53.280> if<01:25:53.520> you<01:25:53.600> buy<01:25:53.840> Microsoft<01:25:54.400> Word
software. So, if you buy Microsoft Word
or<01:25:55.040> you<01:25:55.360> pay<01:25:55.520> for<01:25:55.679> your<01:25:55.840> Gmail<01:25:56.239> subscription
or you pay for your Gmail subscription
or<01:25:56.880> even<01:25:57.040> your<01:25:57.199> Chat<01:25:57.440> GPT<01:25:57.920> account,<01:25:58.159> you<01:25:58.320> have
or even your Chat GPT account, you have
to<01:25:58.480> pay<01:25:58.560> an<01:25:58.800> 8%<01:25:59.199> sales<01:25:59.520> tax<01:25:59.760> on<01:25:59.920> that<01:26:00.400> this
to pay an 8% sales tax on that this
year.<01:26:01.199> They're<01:26:01.440> estimating<01:26:01.840> that<01:26:02.000> that<01:26:02.239> sales
year. They're estimating that that sales
tax<01:26:03.199> is<01:26:03.440> a<01:26:03.600> brand<01:26:03.760> new<01:26:04.000> one.<01:26:04.480> It'll<01:26:04.800> generate
tax is a brand new one. It'll generate
about<01:26:05.280> a<01:26:05.440> billion<01:26:05.679> dollars<01:26:05.840> a<01:26:06.000> year<01:26:06.080> in
about a billion dollars a year in
incremental<01:26:06.719> revenue<01:26:07.040> for<01:26:07.199> the<01:26:07.360> state.
incremental revenue for the state.
They're<01:26:08.320> also<01:26:08.719> creating<01:26:08.960> a<01:26:09.120> new<01:26:09.280> tax<01:26:09.520> on
They're also creating a new tax on
healthcare<01:26:10.159> insurance<01:26:10.800> that<01:26:11.120> corporates<01:26:11.520> are
healthcare insurance that corporates are
going<01:26:11.760> to<01:26:11.840> have<01:26:11.920> to<01:26:12.000> pay<01:26:12.239> that's<01:26:12.560> ultimately
going to have to pay that's ultimately
going<01:26:12.880> to<01:26:12.960> pass<01:26:13.199> down<01:26:13.360> to<01:26:13.440> the<01:26:13.600> individual.
going to pass down to the individual.
That's<01:26:14.480> going<01:26:14.560> to<01:26:14.639> create<01:26:14.800> another<01:26:15.120> $2
That's going to create another $2
billion<01:26:15.760> a<01:26:15.920> year<01:26:16.080> in<01:26:16.400> taxes<01:26:17.120> on<01:26:17.360> health
billion a year in taxes on health
insurance.<01:26:18.159> The<01:26:18.400> final<01:26:18.639> thing<01:26:18.719> that<01:26:18.880> they
insurance. The final thing that they
did,<01:26:19.199> which<01:26:19.360> we<01:26:19.520> all<01:26:19.600> know<01:26:19.760> about,<01:26:19.920> is<01:26:20.080> they
did, which we all know about, is they
made<01:26:20.480> the<01:26:20.960> temporary<01:26:22.159> top<01:26:22.480> income<01:26:22.800> tax
made the temporary top income tax
bracket<01:26:24.000> permanent.<01:26:24.960> So,<01:26:25.280> you<01:26:25.440> know,<01:26:25.520> it<01:26:25.679> was
bracket permanent. So, you know, it was
only<01:26:26.000> meant<01:26:26.159> to<01:26:26.239> be<01:26:26.400> a<01:26:26.560> temporary<01:26:26.960> to<01:26:27.199> bridge<01:26:27.440> a
only meant to be a temporary to bridge a
major<01:26:28.080> budget<01:26:28.400> deficit<01:26:28.800> problem<01:26:29.199> back<01:26:29.440> in
major budget deficit problem back in
2012,<01:26:30.960> 13.3%.<01:26:32.400> And<01:26:32.560> that<01:26:32.800> became<01:26:33.120> permanent
2012, 13.3%. And that became permanent
and<01:26:34.000> now<01:26:34.159> it's<01:26:34.400> increased<01:26:34.719> to<01:26:34.960> 14.4%.
and now it's increased to 14.4%.
So,<01:26:37.040> this<01:26:37.199> is<01:26:37.360> the<01:26:37.520> spiraling<01:26:38.000> that<01:26:38.159> takes
So, this is the spiraling that takes
place.<01:26:38.560> The<01:26:38.800> costs<01:26:39.040> are<01:26:39.199> ballooning,<01:26:40.080> the
place. The costs are ballooning, the
revenue<01:26:40.639> is<01:26:40.880> leaving,<01:26:41.520> and<01:26:41.679> now<01:26:41.920> there's<01:26:42.080> a
revenue is leaving, and now there's a
scrambling<01:26:42.639> underway<01:26:43.040> in<01:26:43.199> the<01:26:43.280> state<01:26:43.440> of
scrambling underway in the state of
California<01:26:43.920> to<01:26:44.159> try<01:26:44.239> and<01:26:44.320> make<01:26:44.480> up<01:26:44.639> this
California to try and make up this
difference.<01:26:45.199> And<01:26:45.360> they're<01:26:45.600> still<01:26:46.320> falling
difference. And they're still falling
short.<01:26:47.199> In<01:26:47.440> the<01:26:47.600> out<01:26:47.840> years,<01:26:48.080> 2028<01:26:48.719> 29,<01:26:49.120> the
short. In the out years, 2028 29, the
projection<01:26:49.600> is<01:26:50.000> $40<01:26:50.239> billion<01:26:50.800> a<01:26:50.960> year<01:26:51.360> in
projection is $40 billion a year in
budget<01:26:51.920> deficits<01:26:52.480> every<01:26:52.719> year.<01:26:53.760> Now,<01:26:54.320> looming
budget deficits every year. Now, looming
over<01:26:54.960> the<01:26:55.199> state<01:26:55.360> of<01:26:55.520> California<01:26:56.480> is<01:26:56.719> the<01:26:56.880> fact
over the state of California is the fact
that<01:26:57.199> there's<01:26:57.520> this<01:26:57.679> insane<01:26:58.239> unaccounted
that there's this insane unaccounted
debt<01:26:59.120> problem.<01:26:59.760> California<01:27:00.400> already<01:27:00.800> has
debt problem. California already has
$1.4<01:27:01.840> trillion<01:27:02.560> in<01:27:02.800> public<01:27:03.040> debt.<01:27:03.679> The<01:27:03.920> state
$1.4 trillion in public debt. The state
has<01:27:04.480> 500<01:27:04.800> billion<01:27:05.040> and<01:27:05.199> the<01:27:05.360> local
has 500 billion and the local
governments<01:27:06.239> have<01:27:06.480> another,<01:27:06.800> call<01:27:06.960> it<01:27:07.199> 800
governments have another, call it 800
billion.<01:27:08.159> The<01:27:08.480> state<01:27:08.880> has<01:27:09.120> a<01:27:09.440> reported<01:27:10.159> $664
billion. The state has a reported $664
billion<01:27:12.080> in<01:27:12.320> unfunded<01:27:12.960> pension<01:27:13.360> liabilities.
billion in unfunded pension liabilities.
That<01:27:14.639> number<01:27:15.199> by<01:27:15.440> many<01:27:15.679> estimates<01:27:16.000> is<01:27:16.239> closer
That number by many estimates is closer
to<01:27:16.719> 1.5<01:27:17.360> trillion.
to 1.5 trillion.
And<01:27:19.120> then<01:27:19.280> there's<01:27:19.440> a<01:27:19.600> retirey<01:27:20.080> healthcare
And then there's a retirey healthcare
obligation<01:27:21.760> deficit<01:27:22.239> of<01:27:22.480> $175<01:27:23.600> billion.<01:27:24.239> You
obligation deficit of $175 billion. You
add<01:27:24.639> this<01:27:24.880> all<01:27:25.040> up,<01:27:25.760> there's<01:27:26.000> somewhere
add this all up, there's somewhere
around<01:27:26.719> 1.5<01:27:27.280> to2<01:27:27.840> trillion
around 1.5 to2 trillion
of<01:27:29.760> incremental<01:27:30.639> liabilities<01:27:31.199> that<01:27:31.440> the
of incremental liabilities that the
state<01:27:31.840> has<01:27:32.000> to<01:27:32.080> come<01:27:32.239> up<01:27:32.320> with.<01:27:32.719> And<01:27:32.960> remember,
state has to come up with. And remember,
all<01:27:33.520> of<01:27:33.600> those<01:27:33.760> pension<01:27:34.159> liabilities,<01:27:34.639> that
all of those pension liabilities, that
trillion<01:27:35.199> dollar<01:27:35.440> plus<01:27:35.679> of<01:27:35.840> pension
trillion dollar plus of pension
liabilities<01:27:37.040> sits<01:27:37.360> senior<01:27:37.760> to<01:27:37.920> the<01:27:38.159> bonds<01:27:38.880> of
liabilities sits senior to the bonds of
the<01:27:39.280> state<01:27:39.440> of<01:27:39.600> California<01:27:40.400> because<01:27:40.639> of
the state of California because of
something<01:27:41.040> that's<01:27:41.280> known<01:27:41.440> as<01:27:41.520> the<01:27:41.760> California
something that's known as the California
rule.<01:27:43.040> So<01:27:43.520> the<01:27:43.760> state<01:27:44.000> has<01:27:44.159> this<01:27:44.480> looming<01:27:45.679> kind
rule. So the state has this looming kind
of<01:27:46.080> cliff<01:27:46.320> ahead<01:27:46.560> of<01:27:46.719> it<01:27:47.199> and<01:27:47.520> there's<01:27:47.840> already
of cliff ahead of it and there's already
this<01:27:48.400> spiraling<01:27:49.040> problem<01:27:49.440> where<01:27:49.760> they're
this spiraling problem where they're
increasing<01:27:50.560> costs<01:27:50.880> because<01:27:51.040> of<01:27:51.199> the<01:27:51.360> demands
increasing costs because of the demands
of<01:27:51.760> the<01:27:51.920> unions<01:27:52.320> and<01:27:52.480> the<01:27:52.719> cost<01:27:52.880> of<01:27:53.120> living<01:27:53.360> and
of the unions and the cost of living and
so<01:27:54.080> on<01:27:54.639> and<01:27:54.880> there's<01:27:55.440> an<01:27:55.760> exodus<01:27:56.239> of
so on and there's an exodus of
corporations<01:27:57.199> and<01:27:57.600> high<01:27:57.760> netw<01:27:58.000> worth
corporations and high netw worth
individuals<01:27:58.639> that<01:27:58.880> pay<01:27:59.040> the<01:27:59.199> taxes.<01:28:00.159> So,<01:28:00.719> I
individuals that pay the taxes. So, I
would<01:28:01.199> argue<01:28:02.000> that<01:28:02.320> Governor<01:28:02.639> Nuomo<01:28:03.199> did<01:28:03.440> not
would argue that Governor Nuomo did not
exactly<01:28:04.080> put<01:28:04.239> a<01:28:04.400> bow<01:28:04.639> tie<01:28:04.880> on<01:28:05.040> the<01:28:05.199> budget<01:28:05.760> and
exactly put a bow tie on the budget and
create<01:28:06.239> a<01:28:06.400> balanced<01:28:06.719> budget<01:28:06.960> and<01:28:07.199> leave
create a balanced budget and leave
California<01:28:07.840> in<01:28:08.080> a<01:28:08.239> great<01:28:08.400> state<01:28:08.880> as<01:28:09.120> he<01:28:09.280> is
California in a great state as he is
wrapping<01:28:09.760> up<01:28:09.920> his<01:28:10.159> final<01:28:10.480> term<01:28:10.719> and<01:28:10.880> his<01:28:11.040> final
wrapping up his final term and his final
budget<01:28:11.600> here<01:28:11.679> in<01:28:11.840> the<01:28:12.000> state.<01:28:12.560> But<01:28:12.800> in<01:28:12.960> fact,<01:28:13.199> I
budget here in the state. But in fact, I
think<01:28:13.440> that<01:28:13.679> this<01:28:13.840> state,<01:28:14.639> which,<01:28:15.280> as<01:28:15.520> I've
think that this state, which, as I've
said<01:28:15.760> in<01:28:15.920> the<01:28:16.080> past,<01:28:16.320> threatens<01:28:16.639> to<01:28:16.800> bring
said in the past, threatens to bring
down<01:28:17.120> the<01:28:17.280> union,<01:28:18.239> is<01:28:18.480> on<01:28:18.639> the<01:28:18.800> brink<01:28:19.199> of
down the union, is on the brink of
defaults<01:28:20.159> that<01:28:20.480> are<01:28:20.639> going<01:28:20.800> to<01:28:20.960> be<01:28:21.040> so
defaults that are going to be so
significant<01:28:22.480> that<01:28:22.800> if<01:28:23.040> the<01:28:23.280> federal
significant that if the federal
government<01:28:24.080> was<01:28:24.400> called<01:28:24.560> in<01:28:24.800> to<01:28:24.960> bail<01:28:25.199> them
government was called in to bail them
out<01:28:25.600> because<01:28:25.760> a<01:28:26.000> state<01:28:26.159> cannot<01:28:26.480> declare
out because a state cannot declare
bankruptcy<01:28:27.360> legally,<01:28:28.080> that<01:28:28.400> all<01:28:28.560> of<01:28:28.639> the<01:28:28.800> red
bankruptcy legally, that all of the red
states<01:28:29.280> and<01:28:29.520> all<01:28:29.679> of<01:28:29.760> the<01:28:29.840> other<01:28:30.000> taxpayers<01:28:30.480> in
states and all of the other taxpayers in
the<01:28:30.800> United<01:28:31.040> States<01:28:31.199> will<01:28:31.520> say,<01:28:31.920> "Why<01:28:32.239> the
the United States will say, "Why the
hell<01:28:32.639> should<01:28:32.800> I<01:28:32.960> pay<01:28:33.120> federal<01:28:33.440> taxes<01:28:33.840> to<01:28:34.000> bail
hell should I pay federal taxes to bail
out<01:28:34.480> California?"
out California?"
And<01:28:35.840> I<01:28:36.000> think<01:28:36.080> that's<01:28:36.320> what<01:28:36.560> the<01:28:36.800> story<01:28:36.960> will
And I think that's what the story will
be<01:28:37.280> over<01:28:37.440> the<01:28:37.600> next<01:28:37.760> decade<01:28:38.080> with<01:28:38.239> the<01:28:38.400> state
be over the next decade with the state
the<01:28:39.679> fiscal<01:28:39.920> condition
the fiscal condition
>> AOC<01:28:40.719> and<01:28:40.960> Mandami<01:28:41.600> president<01:28:42.000> vice<01:28:42.320> president
>> AOC and Mandami president vice president
AOC<01:28:43.199> Mandami<01:28:43.679> can't<01:28:43.840> be<01:28:43.920> VP<01:28:44.239> he<01:28:44.400> wasn't<01:28:44.560> born
AOC Mandami can't be VP he wasn't born
here
>> I<01:28:45.120> do<01:28:45.280> predict<01:28:45.600> yeah<01:28:45.760> so<01:28:45.920> I<01:28:46.080> predict<01:28:46.320> AOC<01:28:46.800> will
>> I do predict yeah so I predict AOC will
be<01:28:47.120> president<01:28:47.600> I<01:28:47.760> mean<01:28:47.920> obviously<01:28:48.159> there's<01:28:48.400> a
be president I mean obviously there's a
lot<01:28:48.639> of<01:28:48.880> dispersion<01:28:49.280> in<01:28:49.440> what<01:28:49.600> could<01:28:49.760> happen
lot of dispersion in what could happen
here<01:28:50.159> but<01:28:50.320> I<01:28:50.480> would<01:28:50.560> say<01:28:50.800> AOC<01:28:51.360> would<01:28:51.520> be<01:28:51.600> my
here but I would say AOC would be my
front<01:28:52.000> runner<01:28:52.320> based<01:28:52.560> on<01:28:52.719> the<01:28:53.040> the<01:28:53.280> movement
front runner based on the the movement
for<01:28:53.840> the<01:28:54.080> extraordinary<01:28:54.719> cost<01:28:54.880> of<01:28:55.120> living<01:28:55.280> in
for the extraordinary cost of living in
the<01:28:55.679> United<01:28:55.920> States<01:28:56.080> right<01:28:56.320> now<01:28:57.040> largely
the United States right now largely
because<01:28:58.080> of<01:28:58.320> government<01:28:58.639> spending
because of government spending
>> the<01:29:00.080> fact<01:29:00.239> that<01:29:00.719> people<01:29:01.120> are<01:29:01.360> seeing<01:29:01.520> this
>> the fact that people are seeing this
wealth<01:29:02.000> disparity<01:29:02.719> those<01:29:02.880> two<01:29:03.120> things<01:29:03.199> are
wealth disparity those two things are
going<01:29:03.520> to<01:29:03.600> continue<01:29:03.840> to<01:29:03.920> drive<01:29:04.159> socialist
going to continue to drive socialist
movement<01:29:04.719> over<01:29:04.880> the<01:29:05.040> next<01:29:05.199> 24<01:29:05.520> months.<01:29:06.159> And<01:29:06.320> if
movement over the next 24 months. And if
AOC<01:29:06.960> comes<01:29:07.120> in<01:29:07.199> and<01:29:07.360> they<01:29:07.520> bail<01:29:07.679> out
AOC comes in and they bail out
California<01:29:09.040> and<01:29:09.280> they<01:29:09.520> federalize
California and they federalize
California's<01:29:10.800> liabilities,<01:29:12.000> you're<01:29:12.320> going
California's liabilities, you're going
to<01:29:12.639> see<01:29:12.880> parts<01:29:13.120> of<01:29:13.280> this<01:29:13.520> union,<01:29:14.400> the<01:29:14.639> red
to see parts of this union, the red
states<01:29:15.199> as<01:29:15.360> they're<01:29:15.600> called,<01:29:16.639> the<01:29:16.800> Texas<01:29:17.199> of
states as they're called, the Texas of
the<01:29:17.440> world,<01:29:17.920> that<01:29:18.080> are<01:29:18.239> going<01:29:18.320> to<01:29:18.400> say,<01:29:18.639> why
the world, that are going to say, why
should<01:29:19.199> we<01:29:19.360> be<01:29:19.520> part<01:29:19.679> of<01:29:19.760> this<01:29:20.000> union<01:29:20.239> anymore?
should we be part of this union anymore?
>> We<01:29:21.520> don't<01:29:21.679> want<01:29:21.760> to<01:29:21.920> pay<01:29:22.080> for<01:29:22.320> all<01:29:22.560> of<01:29:22.639> these
>> We don't want to pay for all of these
liabilities<01:29:23.840> that<01:29:24.080> these<01:29:24.400> blue<01:29:24.719> states<01:29:25.040> have
liabilities that these blue states have
accured<01:29:25.920> and<01:29:26.159> that<01:29:26.400> we<01:29:26.639> are<01:29:26.800> now<01:29:26.960> being<01:29:27.120> asked
accured and that we are now being asked
to<01:29:27.520> bail<01:29:27.840> out.<01:29:28.400> And<01:29:28.560> that<01:29:28.719> is<01:29:28.880> where<01:29:29.120> I<01:29:29.280> think
to bail out. And that is where I think
you<01:29:29.679> face<01:29:29.920> a<01:29:30.159> crisis<01:29:30.560> of<01:29:30.800> the<01:29:31.040> union<01:29:31.760> in<01:29:32.000> the
you face a crisis of the union in the
years<01:29:32.400> ahead.
years ahead.
>> Okay.
Sachs<01:29:35.760> Texas
Sachs Texas
the<01:29:37.520> first<01:29:37.760> Yeah.<01:29:38.080> Yeah.
the first Yeah. Yeah.
>> In<01:29:39.760> this<01:29:39.920> scenario,<01:29:40.400> I<01:29:40.560> mean,<01:29:40.719> it's<01:29:40.880> pretty
>> In this scenario, I mean, it's pretty
farfetched,<01:29:41.760> but<01:29:42.560> it's<01:29:42.800> not<01:29:43.040> farfetched<01:29:43.600> that
farfetched, but it's not farfetched that
you<01:29:44.560> would<01:29:44.639> you<01:29:44.960> would<01:29:45.120> need<01:29:45.199> a<01:29:45.520> federal
you would you would need a federal
bailout<01:29:46.400> to<01:29:46.560> get<01:29:46.800> California<01:29:47.360> out<01:29:47.600> of<01:29:47.760> this<01:29:48.320> in
bailout to get California out of this in
the<01:29:49.360> next<01:29:49.600> couple<01:29:49.840> of<01:29:49.920> years,<01:29:50.159> and<01:29:50.400> the
the next couple of years, and the
government<01:29:51.120> needs<01:29:51.360> a<01:29:51.520> bailout<01:29:51.920> itself<01:29:52.400> with
government needs a bailout itself with
the<01:29:53.440> massive<01:29:54.080> uh<01:29:54.159> we're<01:29:54.320> going<01:29:54.400> to<01:29:54.560> add<01:29:54.800> two<01:29:54.880> to
the massive uh we're going to add two to
three<01:29:55.199> trillion<01:29:55.520> dollars<01:29:55.760> a<01:29:55.920> year<01:29:56.000> for<01:29:56.159> the
three trillion dollars a year for the
next<01:29:56.480> couple<01:29:56.639> years.<01:29:56.960> So,<01:29:57.120> go<01:29:57.280> ahead,
next couple years. So, go ahead,
Shimothia.
>> There's<01:29:59.600> something<01:29:59.760> that's<01:30:00.080> going<01:30:00.159> to
>> There's something that's going to
happen.<01:30:00.639> I<01:30:00.880> think<01:30:00.960> that<01:30:01.679> Freeberg<01:30:02.159> is<01:30:02.320> right
happen. I think that Freeberg is right
up<01:30:03.520> until<01:30:03.840> the<01:30:04.000> point<01:30:04.239> of<01:30:05.440> the<01:30:05.760> federal
up until the point of the federal
absorption.<01:30:06.719> I<01:30:06.880> think<01:30:06.960> what'll<01:30:07.360> happen<01:30:07.520> is
absorption. I think what'll happen is
that<01:30:07.920> you<01:30:08.080> will<01:30:08.320> wipe<01:30:08.560> out<01:30:08.880> the<01:30:09.199> California
that you will wipe out the California
pensions<01:30:10.639> and<01:30:10.800> you'll<01:30:11.040> wipe<01:30:11.280> out<01:30:11.360> the<01:30:11.520> pension
pensions and you'll wipe out the pension
obligations<01:30:12.239> and<01:30:12.480> you'll<01:30:12.800> do<01:30:13.040> some<01:30:13.280> sort<01:30:13.520> of
obligations and you'll do some sort of
negotiated<01:30:14.320> settlement.<01:30:15.520> And<01:30:15.679> I<01:30:15.920> think
negotiated settlement. And I think
that's<01:30:16.239> where<01:30:17.199> you're<01:30:17.440> going<01:30:17.520> to<01:30:17.600> have<01:30:17.679> a
that's where you're going to have a
wholesale<01:30:18.480> replacement<01:30:19.120> of<01:30:19.440> the<01:30:19.679> California
wholesale replacement of the California
Constitution.
You'll<01:30:22.320> have<01:30:22.400> a<01:30:22.560> complete<01:30:22.960> redistricting.<01:30:24.000> I
You'll have a complete redistricting. I
think<01:30:24.320> you<01:30:24.480> will<01:30:24.800> have<01:30:25.120> a<01:30:25.440> complete<01:30:25.840> red<01:30:26.080> wave
think you will have a complete red wave
in<01:30:26.560> the<01:30:26.719> state.<01:30:27.920> and<01:30:28.239> you<01:30:28.480> will<01:30:28.800> disassemble
in the state. and you will disassemble
and<01:30:29.840> dismantle
and dismantle
everything<01:30:32.400> that<01:30:32.719> caused<01:30:33.199> California<01:30:33.840> to<01:30:34.080> be
everything that caused California to be
so<01:30:34.560> poorly<01:30:34.960> run<01:30:35.760> that<01:30:36.000> got<01:30:36.239> them<01:30:36.480> to<01:30:36.639> this
so poorly run that got them to this
place.<01:30:37.840> So<01:30:38.000> I<01:30:38.320> I<01:30:38.560> agree<01:30:38.800> with<01:30:38.960> David.<01:30:39.360> All<01:30:39.600> of
place. So I I agree with David. All of
the<01:30:39.840> issues<01:30:40.080> that<01:30:40.239> he<01:30:40.400> painted<01:30:40.719> are<01:30:41.040> it's
the issues that he painted are it's
unbelievable.<01:30:41.840> By<01:30:41.920> the<01:30:42.080> way,<01:30:42.239> there's<01:30:42.400> an
unbelievable. By the way, there's an
incredible<01:30:43.120> tweet.<01:30:43.600> I<01:30:43.760> think<01:30:44.000> her<01:30:44.239> name<01:30:44.320> is
incredible tweet. I think her name is
Joanna<01:30:44.880> Ives.<01:30:45.360> Maybe<01:30:45.760> Nick,<01:30:46.000> you<01:30:46.239> can<01:30:46.320> find
Joanna Ives. Maybe Nick, you can find
it,<01:30:46.639> but<01:30:46.880> she<01:30:47.040> compared<01:30:47.679> the<01:30:47.920> last<01:30:48.159> eight
it, but she compared the last eight
years<01:30:48.800> of<01:30:49.600> Dantis<01:30:50.239> versus<01:30:50.639> JB<01:30:51.040> Pritsker.<01:30:52.480> And
years of Dantis versus JB Pritsker. And
I<01:30:52.880> asked<01:30:53.120> my<01:30:53.280> team,<01:30:53.520> hey,<01:30:53.760> can<01:30:53.920> you<01:30:54.080> create<01:30:54.239> a
I asked my team, hey, can you create a
table<01:30:54.639> that<01:30:54.960> actually<01:30:55.199> adds<01:30:55.600> Newsome<01:30:56.000> to<01:30:56.159> the
table that actually adds Newsome to the
list<01:30:56.400> so<01:30:56.560> that<01:30:56.719> you<01:30:56.880> can<01:30:56.960> do<01:30:57.040> the<01:30:57.280> three-person
list so that you can do the three-person
comparison<01:30:58.800> because<01:30:59.120> it's<01:30:59.440> quite<01:30:59.840> staggering
comparison because it's quite staggering
how<01:31:01.360> broken<01:31:02.080> these<01:31:02.480> blue<01:31:02.800> states<01:31:03.120> have<01:31:03.360> become
how broken these blue states have become
and<01:31:04.880> how<01:31:05.440> they<01:31:05.840> continue<01:31:06.400> to<01:31:06.639> try<01:31:06.880> to<01:31:07.040> spend
and how they continue to try to spend
their<01:31:07.760> way<01:31:08.560> out<01:31:08.719> of<01:31:08.880> what<01:31:09.199> is<01:31:09.440> being<01:31:09.679> shown<01:31:10.080> is
their way out of what is being shown is
just<01:31:10.560> general<01:31:10.960> incompetence.<01:31:11.760> They're<01:31:12.080> not
just general incompetence. They're not
good<01:31:12.719> at<01:31:13.040> managing.<01:31:14.000> They're<01:31:14.239> not<01:31:14.400> good<01:31:14.480> at
good at managing. They're not good at
running<01:31:14.960> things.<01:31:15.280> They're<01:31:15.520> not<01:31:15.600> good<01:31:15.760> at
running things. They're not good at
delivering<01:31:16.400> results.<01:31:17.520> And<01:31:18.080> unfortunately,
delivering results. And unfortunately,
until<01:31:19.280> they<01:31:20.639> feel<01:31:20.960> the<01:31:21.199> brunt<01:31:21.600> of<01:31:21.840> what
until they feel the brunt of what
mismanagement<01:31:23.280> actually<01:31:23.760> means,<01:31:24.320> which<01:31:24.480> is
mismanagement actually means, which is
that<01:31:24.880> all<01:31:25.120> the<01:31:25.360> people<01:31:25.520> that<01:31:25.679> have<01:31:25.920> paid<01:31:26.159> into
that all the people that have paid into
this<01:31:26.560> system,<01:31:27.600> sadly<01:31:28.080> and<01:31:28.400> unfortunately<01:31:29.360> and
this system, sadly and unfortunately and
avoidably<01:31:31.280> will<01:31:31.520> be<01:31:31.679> the<01:31:31.840> ones<01:31:32.000> that<01:31:32.159> get
avoidably will be the ones that get
punished,<01:31:33.440> we<01:31:33.679> will<01:31:33.920> unfortunately<01:31:34.560> not
punished, we will unfortunately not
learn<01:31:35.040> in<01:31:35.199> California.<01:31:35.920> Find<01:31:36.159> this<01:31:36.400> tweet<01:31:36.719> and
learn in California. Find this tweet and
read<01:31:37.120> it<01:31:37.280> and<01:31:37.520> you<01:31:37.760> would<01:31:37.920> just<01:31:38.080> be<01:31:38.239> shocked<01:31:39.120> at
read it and you would just be shocked at
how<01:31:39.760> unbelievably<01:31:40.639> good<01:31:40.800> Dantis<01:31:41.440> has<01:31:41.600> been<01:31:41.679> in
how unbelievably good Dantis has been in
running<01:31:42.159> Florida<01:31:42.480> and<01:31:42.800> how<01:31:43.280> unbelievably
running Florida and how unbelievably
tragically<01:31:44.800> bad<01:31:45.520> JB<01:31:45.920> Pritsker<01:31:46.400> is.<01:31:46.560> And<01:31:46.719> then
tragically bad JB Pritsker is. And then
just<01:31:47.120> ask<01:31:47.440> your<01:31:47.760> favorite<01:31:48.080> AI,<01:31:49.440> compare
just ask your favorite AI, compare
California
on<01:31:52.400> the<01:31:52.639> spectrum<01:31:53.040> of<01:31:53.280> Florida<01:31:53.679> versus
on the spectrum of Florida versus
Illinois.<01:31:55.199> And<01:31:55.360> what<01:31:55.520> you'll<01:31:55.679> find<01:31:55.840> is
Illinois. And what you'll find is
California<01:31:57.120> is<01:31:57.440> even<01:31:57.760> worse<01:31:58.000> than<01:31:58.239> Illinois
California is even worse than Illinois
in<01:31:58.880> most<01:31:59.040> of<01:31:59.199> those<01:31:59.440> comparisons.
in most of those comparisons.
>> Sax,<01:32:02.080> you<01:32:02.239> want<01:32:02.320> to<01:32:02.560> uh<01:32:02.719> give<01:32:02.880> us<01:32:02.960> the<01:32:03.120> last
>> Sax, you want to uh give us the last
word<01:32:03.520> here?
word here?
>> Yeah.<01:32:04.719> I<01:32:04.960> mean,<01:32:05.040> I<01:32:05.280> guess<01:32:05.520> my<01:32:05.920> decision<01:32:06.480> to<01:32:07.440> go
>> Yeah. I mean, I guess my decision to go
to<01:32:07.760> Texas<01:32:08.080> is<01:32:08.400> looking<01:32:08.639> better<01:32:08.800> and<01:32:09.040> better.
to Texas is looking better and better.
Yes.
>> I<01:32:10.080> mean,<01:32:10.239> I<01:32:10.400> said<01:32:10.560> when<01:32:10.880> this<01:32:11.120> when<01:32:11.360> this<01:32:11.520> BTA
>> I mean, I said when this when this BTA
thing,<01:32:12.400> the<01:32:12.639> so-called<01:32:12.960> billionaire<01:32:13.360> tax<01:32:13.679> act
thing, the so-called billionaire tax act
was<01:32:14.239> proposed
was proposed
>> and<01:32:15.600> everyone<01:32:15.840> was<01:32:16.000> saying<01:32:16.400> that's<01:32:16.639> very<01:32:16.880> low
>> and everyone was saying that's very low
probability<01:32:17.520> this<01:32:17.840> happens.<01:32:18.320> I<01:32:18.480> was<01:32:18.639> like,<01:32:18.880> I
probability this happens. I was like, I
don't<01:32:19.199> really<01:32:19.360> see<01:32:19.600> why<01:32:19.760> it<01:32:19.920> would<01:32:20.000> be<01:32:20.159> low
don't really see why it would be low
probability.<01:32:21.199> I<01:32:21.440> think<01:32:21.840> it's<01:32:22.159> going<01:32:22.239> to<01:32:22.320> get
probability. I think it's going to get
on<01:32:22.560> the<01:32:22.719> ballot.<01:32:23.120> All<01:32:23.280> you<01:32:23.360> have<01:32:23.440> to<01:32:23.520> do<01:32:23.600> is
on the ballot. All you have to do is
collect<01:32:24.000> a<01:32:24.159> certain<01:32:24.400> number<01:32:24.480> of<01:32:24.639> signatures.
collect a certain number of signatures.
It's<01:32:25.360> not<01:32:25.520> that<01:32:25.679> hard.<01:32:26.320> And<01:32:26.480> then<01:32:26.639> once<01:32:26.880> it's
It's not that hard. And then once it's
on<01:32:27.199> the<01:32:27.360> ballot,<01:32:27.760> I<01:32:28.000> don't<01:32:28.080> see<01:32:28.239> why<01:32:28.400> it
on the ballot, I don't see why it
wouldn't<01:32:29.120> pass.<01:32:30.239> And<01:32:30.480> everyone's<01:32:30.800> like,<01:32:30.880> "No,
wouldn't pass. And everyone's like, "No,
no,<01:32:31.360> no.<01:32:31.520> Gavin<01:32:31.840> Newsome<01:32:32.159> has<01:32:32.320> assured<01:32:32.639> us
no, no. Gavin Newsome has assured us
that<01:32:33.040> he'll<01:32:33.280> kill<01:32:33.440> it.<01:32:33.679> He'll<01:32:33.920> make<01:32:34.080> some
that he'll kill it. He'll make some
backroom<01:32:34.719> deal,<01:32:35.280> get<01:32:35.440> rid<01:32:35.600> of<01:32:35.679> it."<01:32:36.320> And<01:32:36.560> on
backroom deal, get rid of it." And on
the<01:32:37.040> day,<01:32:37.520> the<01:32:37.760> final<01:32:38.159> day<01:32:39.280> where<01:32:40.159> BTA<01:32:40.800> was
the day, the final day where BTA was
going<01:32:41.120> to<01:32:41.280> be<01:32:42.000> dropped<01:32:42.320> from<01:32:42.480> the<01:32:42.639> ballot<01:32:43.040> or
going to be dropped from the ballot or
not,<01:32:44.320> Newsome<01:32:44.800> came<01:32:45.040> out<01:32:45.280> with<01:32:45.440> a<01:32:45.679> video<01:32:46.239> on<01:32:46.560> X
not, Newsome came out with a video on X
where<01:32:47.199> he<01:32:47.360> basically<01:32:47.679> endorsed<01:32:48.560> more<01:32:48.880> taxes
where he basically endorsed more taxes
on<01:32:49.440> billionaires.<01:32:50.159> And<01:32:50.320> this<01:32:50.560> was<01:32:50.639> right
on billionaires. And this was right
after<01:32:51.120> the<01:32:51.440> the<01:32:51.760> DSA<01:32:52.320> candidates<01:32:52.719> won<01:32:52.960> in<01:32:53.120> New
after the the DSA candidates won in New
York.<01:32:53.600> So,<01:32:54.159> he<01:32:54.400> sees<01:32:54.560> the<01:32:54.719> writing<01:32:55.040> on<01:32:55.199> the
York. So, he sees the writing on the
wall.<01:32:55.679> He's<01:32:55.920> not<01:32:56.080> going<01:32:56.159> to<01:32:56.560> come<01:32:56.719> out.<01:32:57.040> By<01:32:57.199> the
wall. He's not going to come out. By the
way,<01:32:57.520> the<01:32:58.000> the<01:32:58.239> problem<01:32:58.480> with<01:32:58.719> the
way, the the problem with the
billionaire<01:32:59.360> tax<01:32:59.600> is<01:32:59.760> that<01:33:00.159> if<01:33:00.480> it<01:33:00.639> does<01:33:00.800> get
billionaire tax is that if it does get
passed<01:33:01.920> and<01:33:02.239> it<01:33:02.480> isn't<01:33:02.880> obiated<01:33:03.440> by<01:33:03.679> the<01:33:03.840> three
passed and it isn't obiated by the three
other<01:33:04.880> ballot<01:33:05.280> initiatives<01:33:05.679> that<01:33:06.000> actually
other ballot initiatives that actually
negate<01:33:06.719> it,
negate it,
you're<01:33:08.719> going<01:33:08.800> to<01:33:08.960> have<01:33:10.080> two<01:33:10.239> or<01:33:10.480> 300
you're going to have two or 300
individual<01:33:11.600> lawsuits<01:33:12.960> that<01:33:13.199> will<01:33:13.440> take<01:33:13.520> a
individual lawsuits that will take a
decade<01:33:14.159> to<01:33:14.400> meander<01:33:14.960> through<01:33:15.120> the<01:33:15.280> courts<01:33:15.600> and
decade to meander through the courts and
ultimately<01:33:16.400> I<01:33:16.639> think<01:33:16.880> a<01:33:17.120> lot<01:33:17.280> of<01:33:17.360> people<01:33:17.600> have
ultimately I think a lot of people have
standing<01:33:18.400> here.<01:33:19.440> And<01:33:19.679> I<01:33:19.840> just<01:33:20.000> wonder<01:33:20.400> what
standing here. And I just wonder what
will<01:33:20.800> they<01:33:21.040> have<01:33:21.199> proven<01:33:21.520> at<01:33:21.679> that<01:33:21.840> point
will they have proven at that point
because<01:33:22.159> it'll<01:33:22.400> be<01:33:22.480> a<01:33:22.639> decade<01:33:22.960> later.<01:33:23.760> It'll
because it'll be a decade later. It'll
be<01:33:24.320> 2036
be 2036
and<01:33:26.239> the<01:33:26.480> California<01:33:27.040> government<01:33:27.280> will<01:33:27.520> have
and the California government will have
had<01:33:27.840> to<01:33:28.080> spend<01:33:28.400> billions<01:33:28.800> of<01:33:28.960> dollars<01:33:29.199> on
had to spend billions of dollars on
legal<01:33:29.840> fees<01:33:30.719> to<01:33:30.960> to<01:33:31.280> fight<01:33:31.600> all<01:33:31.840> these
legal fees to to fight all these
billionaires<01:33:32.960> all<01:33:33.440> all<01:33:33.600> to<01:33:33.760> end<01:33:33.920> up<01:33:34.080> losing<01:33:34.400> at
billionaires all all to end up losing at
the<01:33:34.800> Supreme<01:33:35.040> Court.<01:33:35.360> Anyways,
the Supreme Court. Anyways,
>> by<01:33:36.239> then<01:33:36.719> they'll<01:33:37.040> probably<01:33:37.280> have<01:33:37.440> like<01:33:37.600> a
>> by then they'll probably have like a
federal<01:33:38.080> wealth<01:33:38.400> tax<01:33:38.639> or<01:33:38.880> something<01:33:39.040> like
federal wealth tax or something like
that.
>> The<01:33:40.320> tragedy<01:33:41.120> is<01:33:41.600> that<01:33:42.000> California<01:33:42.880> at
>> The tragedy is that California at
various<01:33:43.520> points<01:33:43.760> in<01:33:44.000> recent<01:33:44.320> history<01:33:44.639> has<01:33:44.880> had
various points in recent history has had
a<01:33:45.280> surplus<01:33:45.920> because<01:33:46.320> of<01:33:46.560> the<01:33:46.800> massive<01:33:47.280> tax
a surplus because of the massive tax
base<01:33:47.840> from<01:33:48.080> Silicon<01:33:48.480> Valley.<01:33:49.120> They<01:33:49.440> could
base from Silicon Valley. They could
have<01:33:49.920> managed<01:33:50.400> this.<01:33:50.880> Their<01:33:51.199> incompetence,
have managed this. Their incompetence,
their<01:33:52.159> selfishness,<01:33:53.120> and<01:33:53.520> their<01:33:53.840> corruption
their selfishness, and their corruption
is<01:33:56.000> what<01:33:56.239> has<01:33:56.480> caused<01:33:56.719> this.<01:33:57.040> They<01:33:57.280> could
is what has caused this. They could
have,<01:33:58.000> if<01:33:58.239> any<01:33:58.560> state<01:33:58.800> could<01:33:58.960> have<01:33:59.120> balanced
have, if any state could have balanced
its<01:33:59.760> budget,<01:34:00.080> it<01:34:00.239> is<01:34:00.480> California<01:34:01.360> because<01:34:01.600> of
its budget, it is California because of
our<01:34:02.080> massive<01:34:02.480> tax<01:34:02.719> receipts.
our massive tax receipts.
>> There<01:34:03.440> needs<01:34:03.679> to<01:34:03.920> be<01:34:04.320> a<01:34:04.639> hard<01:34:04.960> landing.<01:34:06.400> I
>> There needs to be a hard landing. I
really<01:34:07.040> hope<01:34:07.360> it<01:34:07.679> doesn't<01:34:07.920> result<01:34:08.320> in<01:34:08.560> the
really hope it doesn't result in the
wipeout<01:34:09.199> of<01:34:09.440> these<01:34:09.679> pensions.<01:34:10.320> I<01:34:10.560> think<01:34:10.639> the
wipeout of these pensions. I think the
pensioners<01:34:11.360> should<01:34:11.600> be<01:34:11.840> extremely<01:34:12.480> upset
pensioners should be extremely upset
>> with<01:34:14.080> California<01:34:14.639> Democratic<01:34:15.199> politics.
>> with California Democratic politics.
Look,<01:34:16.000> this<01:34:16.239> idea<01:34:16.480> that<01:34:16.800> somehow<01:34:17.440> things<01:34:17.679> get
Look, this idea that somehow things get
bad<01:34:18.159> enough<01:34:18.639> where<01:34:18.960> you<01:34:19.199> get<01:34:19.360> a<01:34:19.520> red<01:34:19.760> wave<01:34:20.159> in
bad enough where you get a red wave in
super<01:34:21.120> blue<01:34:21.440> California<01:34:22.400> and<01:34:22.719> everything
super blue California and everything
gets<01:34:23.280> magically<01:34:23.840> fixed,<01:34:24.400> not<01:34:24.639> going<01:34:24.719> to
gets magically fixed, not going to
happen.<01:34:25.199> What's<01:34:25.520> going<01:34:25.600> to<01:34:25.679> happen<01:34:25.920> is<01:34:26.159> a<01:34:26.400> blue
happen. What's going to happen is a blue
state's<01:34:26.960> going<01:34:27.040> to<01:34:27.120> get<01:34:27.280> bluer<01:34:28.320> and
state's going to get bluer and
>> that's<01:34:29.199> right,<01:34:29.600> socialism.
>> that's right, socialism.
>> The<01:34:30.560> remedy<01:34:30.960> for<01:34:31.440> more<01:34:31.679> and<01:34:31.760> more<01:34:32.000> socialism
>> The remedy for more and more socialism
is<01:34:32.639> going<01:34:32.719> to<01:34:32.800> be<01:34:32.880> to<01:34:33.120> intensify<01:34:33.600> the
is going to be to intensify the
socialism<01:34:34.239> and<01:34:34.400> there's<01:34:34.639> going<01:34:34.639> to<01:34:34.719> be<01:34:35.360> a
socialism and there's going to be a
giant<01:34:36.000> final<01:34:36.400> confiscation.
giant final confiscation.
>> Then<01:34:37.840> we're<01:34:38.000> going<01:34:38.080> to<01:34:38.239> deal<01:34:38.400> with<01:34:38.560> a
>> Then we're going to deal with a
California<01:34:39.280> bankruptcy<01:34:39.840> in<01:34:40.080> the<01:34:40.239> next<01:34:40.400> 10
California bankruptcy in the next 10
years.<01:34:41.040> And<01:34:41.280> it<01:34:41.520> is<01:34:41.760> unfortunately
years. And it is unfortunately
>> No.<01:34:43.520> and<01:34:43.760> it<01:34:44.000> will<01:34:44.159> unfortunately<01:34:44.880> result<01:34:45.199> in
>> No. and it will unfortunately result in
a<01:34:45.600> complete<01:34:45.920> restructuring<01:34:47.120> of<01:34:47.360> those<01:34:47.679> debt
a complete restructuring of those debt
and<01:34:48.159> obligations.<01:34:48.880> And<01:34:49.040> this<01:34:49.199> is<01:34:49.360> where<01:34:49.520> I
and obligations. And this is where I
think<01:34:49.840> you're<01:34:50.080> going<01:34:50.159> to<01:34:50.239> wipe<01:34:50.480> out<01:34:50.719> a<01:34:50.880> lot<01:34:50.960> of
think you're going to wipe out a lot of
these<01:34:51.199> things<01:34:51.360> that<01:34:51.600> people<01:34:51.760> are
these things that people are
guaranteeing.<01:34:52.800> I<01:34:52.960> don't<01:34:53.120> think<01:34:53.199> you're<01:34:53.360> going
guaranteeing. I don't think you're going
to<01:34:53.600> see<01:34:53.679> these<01:34:53.920> pensions<01:34:54.239> honored.<01:34:55.440> If<01:34:55.679> you
to see these pensions honored. If you
just<01:34:55.920> look<01:34:56.080> at<01:34:56.239> the<01:34:56.480> budget<01:34:56.800> per<01:34:57.040> person,<01:34:57.760> uh
just look at the budget per person, uh
places<01:34:58.400> like<01:34:58.639> Texas<01:34:59.040> and<01:34:59.280> Florida<01:34:59.920> spend
places like Texas and Florida spend
about<01:35:00.800> $5,000<01:35:01.679> per<01:35:02.639> uh<01:35:02.960> citizen<01:35:03.520> on<01:35:03.840> services.
about $5,000 per uh citizen on services.
You<01:35:04.639> know,<01:35:04.719> if<01:35:04.880> you<01:35:04.960> divide<01:35:05.199> the<01:35:05.360> budget<01:35:05.600> by
You know, if you divide the budget by
the<01:35:05.920> population,<01:35:06.320> and<01:35:06.480> then<01:35:06.560> you<01:35:06.719> look<01:35:06.880> at<01:35:07.040> New
the population, and then you look at New
York<01:35:07.280> City,<01:35:07.520> it's<01:35:07.760> close<01:35:07.920> to<01:35:08.080> $13,000.<01:35:09.360> And
York City, it's close to $13,000. And
you<01:35:09.600> look<01:35:09.679> at<01:35:09.920> California,<01:35:10.480> close<01:35:10.639> to<01:35:10.880> 9,000.
you look at California, close to 9,000.
And<01:35:11.760> you<01:35:12.000> simply<01:35:12.400> do<01:35:12.639> not<01:35:12.880> get<01:35:13.520> two<01:35:13.840> or<01:35:14.080> two<01:35:14.239> and
And you simply do not get two or two and
a<01:35:14.480> half<01:35:14.719> times<01:35:14.960> or<01:35:15.120> 2.x<01:35:15.760> times<01:35:16.320> the<01:35:16.639> value
a half times or 2.x times the value
living<01:35:17.280> in<01:35:17.520> those<01:35:18.080> states<01:35:18.560> in<01:35:18.800> terms<01:35:19.040> of
living in those states in terms of
services.
>> The<01:35:19.920> problems<01:35:20.080> are<01:35:20.159> all<01:35:20.320> worse.
>> The problems are all worse.
>> And<01:35:20.639> it's<01:35:20.880> competence.<01:35:21.600> Yes,<01:35:21.840> it's<01:35:22.080> worse.
>> And it's competence. Yes, it's worse.
And<01:35:23.040> it<01:35:23.199> really<01:35:23.360> the<01:35:23.679> more<01:35:23.840> you<01:35:24.239> look<01:35:24.480> to<01:35:24.639> that
And it really the more you look to that
state<01:35:25.199> government<01:35:25.520> to<01:35:25.840> solve<01:35:26.000> your<01:35:26.239> problems,
state government to solve your problems,
the<01:35:27.199> more<01:35:27.440> problems<01:35:27.840> you<01:35:28.080> will<01:35:28.560> have<01:35:29.040> in<01:35:30.159> Texas
the more problems you will have in Texas
if<01:35:30.719> you<01:35:30.800> got<01:35:30.960> a
if you got a
just<01:35:33.040> seems<01:35:33.520> these<01:35:33.840> blue<01:35:34.159> states<01:35:35.199> attract
just seems these blue states attract
these<01:35:36.560> derelict<01:35:37.199> incompetent<01:35:37.920> people.<01:35:38.560> I
these derelict incompetent people. I
mean,<01:35:39.920> unbelievable.<01:35:40.960> Incompetence.
mean, unbelievable. Incompetence.
They're<01:35:42.000> so<01:35:42.239> incompetent.<01:35:42.960> My<01:35:43.199> god.<01:35:43.840> This<01:35:44.000> has
They're so incompetent. My god. This has
to<01:35:44.239> do<01:35:44.320> with<01:35:44.639> competence.<01:35:45.679> And<01:35:45.920> it<01:35:46.159> also<01:35:46.480> is
to do with competence. And it also is
the<01:35:47.120> populace<01:35:47.600> being<01:35:47.760> self-reliant.<01:35:48.560> If<01:35:48.719> you
the populace being self-reliant. If you
live<01:35:48.960> in<01:35:49.199> Texas,
live in Texas,
>> when<01:35:50.400> you<01:35:50.560> get<01:35:50.639> your<01:35:50.880> ranch,<01:35:51.440> they<01:35:51.679> say,<01:35:52.000> hey,
>> when you get your ranch, they say, hey,
>> you<01:35:53.679> know,<01:35:53.760> here's<01:35:54.000> your<01:35:54.159> ranch.<01:35:54.480> And<01:35:54.560> then
>> you know, here's your ranch. And then
it's<01:35:54.880> up<01:35:55.040> to<01:35:55.120> you<01:35:55.280> to<01:35:55.520> figure<01:35:55.679> out,<01:35:56.080> hey,<01:35:56.239> who's
it's up to you to figure out, hey, who's
going<01:35:56.560> to<01:35:56.639> pick<01:35:56.800> up<01:35:56.880> my<01:35:57.120> garbage?<01:35:57.520> And<01:35:57.760> oh,<01:35:58.000> do
going to pick up my garbage? And oh, do
I<01:35:58.239> want<01:35:58.320> a<01:35:58.480> well?<01:35:58.800> Do<01:35:58.880> I<01:35:58.960> want<01:35:59.040> to<01:35:59.120> use<01:35:59.280> a<01:35:59.440> city
I want a well? Do I want to use a city
water?<01:36:00.239> What's<01:36:00.480> my<01:36:00.639> energy<01:36:01.040> situation<01:36:01.440> going
water? What's my energy situation going
to<01:36:01.679> be?<01:36:01.840> And<01:36:02.080> people<01:36:02.480> make<01:36:02.719> these<01:36:03.040> kind<01:36:03.199> of
to be? And people make these kind of
thoughtful<01:36:03.840> decisions<01:36:04.080> with<01:36:04.239> us.<01:36:04.400> They<01:36:04.639> don't
thoughtful decisions with us. They don't
look<01:36:05.040> to<01:36:05.199> the<01:36:05.360> state<01:36:06.000> for<01:36:06.400> every<01:36:06.960> single
look to the state for every single
handout<01:36:08.239> or<01:36:08.480> handholding.<01:36:09.440> There's<01:36:09.760> a
handout or handholding. There's a
ruggedness<01:36:10.639> and<01:36:10.960> a<01:36:11.120> rugged<01:36:11.600> individualism
ruggedness and a rugged individualism
and<01:36:12.639> self-reliance<01:36:14.080> that<01:36:14.800> makes<01:36:15.120> the<01:36:15.360> state
and self-reliance that makes the state
not<01:36:16.480> have<01:36:16.719> to<01:36:17.440> tax<01:36:17.840> everybody<01:36:18.719> to<01:36:19.360> 54<01:36:20.400> 60<01:36:21.040> 65%.
not have to tax everybody to 54 60 65%.
I<01:36:22.080> guarantee<01:36:22.400> you<01:36:22.639> Freedber<01:36:23.040> and<01:36:23.199> Shimoth<01:36:23.679> you
I guarantee you Freedber and Shimoth you
will<01:36:24.000> be<01:36:24.159> paying<01:36:24.880> 60<01:36:25.199> to<01:36:25.440> 65%<01:36:26.239> tax<01:36:26.960> if<01:36:27.199> you<01:36:27.360> stay
will be paying 60 to 65% tax if you stay
in<01:36:27.760> California.<01:36:28.239> And<01:36:28.400> I<01:36:28.480> tell<01:36:28.560> you<01:36:28.800> New<01:36:28.960> York
in California. And I tell you New York
it's<01:36:29.280> at<01:36:29.520> 54<01:36:30.000> right<01:36:30.159> now.<01:36:30.560> I<01:36:30.880> guarantee<01:36:31.199> you<01:36:31.360> it
it's at 54 right now. I guarantee you it
breaks<01:36:31.840> 60<01:36:32.080> by<01:36:32.239> the<01:36:32.800> or<01:36:33.040> it<01:36:33.280> will<01:36:33.440> be<01:36:33.600> proposed
breaks 60 by the or it will be proposed
to<01:36:34.080> break<01:36:34.400> 50.<01:36:34.719> We'll<01:36:34.880> see<01:36:34.960> if<01:36:35.120> they<01:36:35.280> stop<01:36:35.520> it
to break 50. We'll see if they stop it
by<01:36:36.000> the<01:36:36.159> end<01:36:36.239> of<01:36:36.400> Mandami's<01:36:37.120> reign<01:36:37.760> in<01:36:38.080> my
by the end of Mandami's reign in my
hometown.
>> Look,<01:36:39.600> let<01:36:39.760> me<01:36:39.920> let<01:36:40.080> me<01:36:40.239> tell<01:36:40.400> you<01:36:40.639> what
>> Look, let me let me tell you what
leftism<01:36:41.679> is,<01:36:42.239> okay?<01:36:42.719> It's<01:36:42.960> basically<01:36:43.440> just
leftism is, okay? It's basically just
people<01:36:44.159> trying<01:36:44.480> to<01:36:44.719> string<01:36:45.199> together<01:36:45.679> words
people trying to string together words
to<01:36:46.880> justify<01:36:47.440> taking<01:36:47.679> your<01:36:47.920> money,<01:36:48.560> okay?<01:36:48.880> And
to justify taking your money, okay? And
they'll<01:36:49.360> they're<01:36:49.600> just<01:36:49.760> experimenting.<01:36:50.320> It's
they'll they're just experimenting. It's
like<01:36:50.639> monkeys<01:36:51.040> typing<01:36:51.360> on<01:36:51.920> a<01:36:52.159> keyboard<01:36:52.719> with
like monkeys typing on a keyboard with
words<01:36:53.920> to<01:36:54.239> try<01:36:54.480> and<01:36:54.719> hack<01:36:55.040> everyone's<01:36:55.600> brains
words to try and hack everyone's brains
to<01:36:56.320> basically<01:36:56.880> figure<01:36:57.199> out<01:36:57.679> how<01:36:57.920> to<01:36:58.080> steal<01:36:58.400> all
to basically figure out how to steal all
of<01:36:58.639> their<01:36:58.880> money.<01:36:59.679> And<01:36:59.920> some<01:37:00.159> of<01:37:00.239> those<01:37:00.480> words
of their money. And some of those words
are<01:37:00.960> virtue<01:37:01.280> signaling.<01:37:01.760> Some<01:37:01.920> of<01:37:02.000> them<01:37:02.159> are
are virtue signaling. Some of them are
guilt,<01:37:03.199> tripping,<01:37:03.760> and<01:37:04.080> moral<01:37:04.400> accusations.
guilt, tripping, and moral accusations.
>> Whatever<01:37:06.239> it<01:37:06.400> is,<01:37:06.639> there's<01:37:06.880> always<01:37:07.040> some<01:37:07.360> new
>> Whatever it is, there's always some new
words.
>> But<01:37:08.800> it's<01:37:09.119> never<01:37:09.360> to<01:37:09.679> solve<01:37:09.840> a<01:37:10.080> problem.<01:37:10.400> In
>> But it's never to solve a problem. In
fact,<01:37:10.800> all<01:37:10.960> the<01:37:11.119> problems<01:37:11.440> just<01:37:11.600> get<01:37:11.840> worse.
fact, all the problems just get worse.
>> It's<01:37:13.360> just<01:37:13.520> to<01:37:13.760> figure<01:37:13.920> out<01:37:14.080> how<01:37:14.239> to<01:37:14.400> separate
>> It's just to figure out how to separate
you<01:37:14.880> from<01:37:14.960> your<01:37:15.119> money.<01:37:15.360> And<01:37:15.520> I<01:37:15.920> had<01:37:16.159> this
you from your money. And I had this
>> thought<01:37:18.000> when<01:37:18.320> I<01:37:18.480> saw<01:37:18.639> that<01:37:18.880> like<01:37:19.119> McKenzie
>> thought when I saw that like McKenzie
Bezos,<01:37:20.639> you<01:37:20.800> know,<01:37:20.960> just<01:37:21.199> giving<01:37:21.440> away<01:37:21.760> like
Bezos, you know, just giving away like
>> 26<01:37:23.199> billion<01:37:24.320> uh<01:37:24.719> 26<01:37:25.119> billion<01:37:25.440> of<01:37:26.000> Jeff<01:37:26.239> Bezos's
>> 26 billion uh 26 billion of Jeff Bezos's
money<01:37:27.040> to<01:37:27.199> all<01:37:27.280> these<01:37:27.520> leftwing<01:37:27.920> causes.<01:37:28.400> Hey,
money to all these leftwing causes. Hey,
she<01:37:28.719> earned<01:37:28.880> it<01:37:29.040> too.
she earned it too.
>> And<01:37:30.320> well,<01:37:30.800> but<01:37:31.119> putting<01:37:31.360> that<01:37:31.600> aside,<01:37:32.639> she
>> And well, but putting that aside, she
gave<01:37:32.960> away<01:37:33.119> all<01:37:33.280> this<01:37:33.440> money.<01:37:33.600> I'm<01:37:33.760> like,<01:37:33.840> "Oh,
gave away all this money. I'm like, "Oh,
okay.<01:37:34.320> So<01:37:34.560> now,<01:37:34.880> like<01:37:35.280> world<01:37:35.600> hunger<01:37:35.920> is
okay. So now, like world hunger is
fixed,<01:37:36.400> right?"<01:37:36.639> Because<01:37:36.800> remember<01:37:37.040> how<01:37:37.199> they
fixed, right?" Because remember how they
told<01:37:37.600> us<01:37:38.080> that<01:37:38.320> it<01:37:38.480> was<01:37:38.560> because<01:37:38.800> of<01:37:38.960> Elon's
told us that it was because of Elon's
Musk<01:37:39.760> re<01:37:40.000> that<01:37:40.239> he<01:37:40.400> refused<01:37:40.800> to<01:37:40.960> hand<01:37:41.280> over,<01:37:41.760> he
Musk re that he refused to hand over, he
didn't<01:37:42.239> fork<01:37:42.560> over<01:37:42.800> a<01:37:43.040> big<01:37:43.199> chunk<01:37:43.360> of<01:37:43.520> his
didn't fork over a big chunk of his
money.<01:37:44.239> And<01:37:44.400> with<01:37:44.639> that<01:37:44.800> money,<01:37:44.960> we<01:37:45.119> could
money. And with that money, we could
have<01:37:45.360> fed<01:37:45.520> the<01:37:45.679> whole<01:37:45.760> world<01:37:45.920> and<01:37:46.159> solved
have fed the whole world and solved
world<01:37:46.639> hunger.<01:37:47.520> So<01:37:47.840> why<01:37:48.000> isn't<01:37:48.320> the<01:37:48.480> problem
world hunger. So why isn't the problem
solved<01:37:49.199> now<01:37:49.679> that<01:37:49.920> she<01:37:50.159> just<01:37:50.400> donated<01:37:50.880> 26
solved now that she just donated 26
billion?<01:37:51.520> That's<01:37:51.679> what<01:37:51.760> they<01:37:51.920> said<01:37:52.080> Elon
billion? That's what they said Elon
needed<01:37:52.719> to<01:37:52.880> do<01:37:53.280> to<01:37:53.520> solve<01:37:53.760> world<01:37:54.000> hunger.<01:37:54.320> They
needed to do to solve world hunger. They
always<01:37:54.800> treat<01:37:55.119> your<01:37:55.440> money<01:37:56.080> as<01:37:56.320> if<01:37:56.480> it<01:37:56.719> belongs
always treat your money as if it belongs
to<01:37:57.119> them<01:37:57.280> or<01:37:57.520> it<01:37:57.600> belongs<01:37:57.920> to<01:37:58.000> the<01:37:58.239> government
to them or it belongs to the government
and<01:37:58.880> it's<01:37:59.040> your<01:37:59.280> greed<01:37:59.520> and<01:37:59.679> selfishness
and it's your greed and selfishness
that's<01:38:00.400> creating<01:38:00.639> all<01:38:00.800> these<01:38:00.960> problems.<01:38:01.520> None
that's creating all these problems. None
of<01:38:01.760> these<01:38:02.000> problems<01:38:02.159> have<01:38:02.400> been<01:38:02.560> fixed.
of these problems have been fixed.
What's<01:38:03.360> the<01:38:03.600> proof<01:38:03.760> that<01:38:04.000> any<01:38:04.239> of<01:38:04.320> that<01:38:04.480> money
What's the proof that any of that money
did<01:38:04.960> anything?<01:38:05.520> All<01:38:05.760> it<01:38:06.080> did<01:38:06.480> was<01:38:07.280> go<01:38:07.520> to<01:38:07.760> line
did anything? All it did was go to line
the<01:38:08.400> pockets<01:38:09.199> of<01:38:09.440> all<01:38:09.600> these<01:38:09.920> leftist<01:38:10.480> NOS's
the pockets of all these leftist NOS's
and<01:38:12.320> you<01:38:12.560> know<01:38:12.719> buy<01:38:12.960> them<01:38:13.119> more<01:38:13.360> houses<01:38:13.679> or<01:38:13.920> or
and you know buy them more houses or or
pay<01:38:14.320> them
pay them
>> better<01:38:15.280> off<01:38:15.520> investing<01:38:15.920> in<01:38:16.239> oh<01:38:16.880> no<01:38:17.040> problems
>> better off investing in oh no problems
companies<01:38:18.400> if<01:38:18.560> if<01:38:18.880> literally<01:38:19.280> I<01:38:19.440> I<01:38:19.679> hate<01:38:19.840> to
companies if if literally I I hate to
break<01:38:20.320> this<01:38:20.560> news.<01:38:21.360> What<01:38:21.520> does<01:38:21.679> the<01:38:21.760> poly
break this news. What does the poly
market<01:38:22.400> say<01:38:22.560> on<01:38:22.960> Gavin's<01:38:23.520> chances<01:38:24.000> of<01:38:24.480> uh
market say on Gavin's chances of uh
>> Oh,<01:38:24.880> he's<01:38:25.119> down<01:38:25.280> to<01:38:25.679> becoming<01:38:26.159> He's
>> Oh, he's down to becoming He's
plummeting.<01:38:27.199> He's<01:38:27.520> plummeting.
plummeting. He's plummeting.
>> Yeah,<01:38:29.679> Gavin's<01:38:30.159> down<01:38:30.320> to<01:38:30.560> 20.<01:38:30.880> He<01:38:31.119> peaked<01:38:31.440> at
>> Yeah, Gavin's down to 20. He peaked at
40.
>> That's<01:38:32.320> quite<01:38:32.560> high,<01:38:32.880> though.
>> That's quite high, though.
>> I<01:38:33.920> I<01:38:34.000> I<01:38:34.480> mean,<01:38:34.639> I<01:38:34.800> think<01:38:34.880> people<01:38:35.199> are<01:38:35.360> real
>> I I I mean, I think people are real
realizing<01:38:36.400> it's<01:38:36.639> a<01:38:36.800> great<01:38:37.040> haircut<01:38:38.000> and<01:38:38.639> uh
realizing it's a great haircut and uh
you<01:38:39.040> know,<01:38:39.199> a<01:38:39.440> really<01:38:39.679> smooth<01:38:40.080> talker,<01:38:40.719> but
you know, a really smooth talker, but
just<01:38:41.199> like<01:38:41.360> he<01:38:41.600> stole<01:38:42.000> other<01:38:42.320> things<01:38:42.560> in<01:38:42.800> his
just like he stole other things in his
life,<01:38:43.600> he's<01:38:43.920> going<01:38:44.000> to<01:38:44.080> steal<01:38:44.320> your<01:38:44.560> money.
life, he's going to steal your money.
Period.<01:38:45.360> Full<01:38:45.600> stop.<01:38:45.920> I'm<01:38:46.080> not<01:38:46.159> going<01:38:46.239> to<01:38:46.320> get
Period. Full stop. I'm not going to get
into<01:38:46.639> detail.<01:38:47.040> I<01:38:47.280> think<01:38:47.360> he's<01:38:47.600> lowering<01:38:48.000> these
into detail. I think he's lowering these
polls<01:38:48.719> because<01:38:49.280> the<01:38:49.520> Democratic<01:38:50.000> party<01:38:50.320> is
polls because the Democratic party is
moving<01:38:51.040> left<01:38:51.440> is<01:38:51.600> moving<01:38:51.760> to<01:38:52.000> the<01:38:52.080> TSA<01:38:53.280> and
moving left is moving to the TSA and
people<01:38:53.679> think<01:38:53.840> he's<01:38:54.159> too<01:38:54.480> moderate
people think he's too moderate
>> is<01:38:57.199> going<01:38:57.360> up<01:38:57.520> and<01:38:57.760> this<01:38:58.000> John<01:38:58.239> Oaf<01:38:58.639> guys<01:38:58.880> come
>> is going up and this John Oaf guys come
out<01:38:59.199> of<01:38:59.280> nowhere.<01:38:59.600> They're<01:38:59.840> all<01:39:00.000> to<01:39:00.159> the<01:39:00.239> left
out of nowhere. They're all to the left
of<01:39:00.560> Gavin<01:39:00.880> Newsome's
of Gavin Newsome's
problem<01:39:03.360> and<01:39:03.600> this<01:39:03.760> is<01:39:04.000> why<01:39:04.239> he<01:39:04.480> put<01:39:04.639> out<01:39:04.800> that
problem and this is why he put out that
video<01:39:05.440> on<01:39:05.600> the<01:39:05.760> day<01:39:05.920> that<01:39:06.080> he<01:39:06.239> was<01:39:06.400> supposed<01:39:06.560> to
video on the day that he was supposed to
kill<01:39:07.360> the<01:39:07.679> BTA.<01:39:08.159> He<01:39:08.320> puts<01:39:08.480> out<01:39:08.639> a<01:39:08.800> a<01:39:09.119> video
kill the BTA. He puts out a a video
endorsing<01:39:09.920> billionaire<01:39:10.400> taxes<01:39:11.360> is<01:39:11.520> because
endorsing billionaire taxes is because
he<01:39:12.000> needs<01:39:12.159> to<01:39:12.320> position<01:39:12.719> himself<01:39:13.760> to<01:39:14.000> being
he needs to position himself to being
more<01:39:14.480> DSA<01:39:14.960> adjacent.<01:39:15.679> Well,<01:39:15.920> to<01:39:16.080> be<01:39:16.239> fair<01:39:16.400> to
more DSA adjacent. Well, to be fair to
Newsome,<01:39:17.040> he<01:39:17.280> also<01:39:17.520> on<01:39:17.679> the<01:39:17.760> same<01:39:17.920> day<01:39:18.080> said
Newsome, he also on the same day said
he's<01:39:18.560> against<01:39:18.800> the<01:39:18.960> billionaire<01:39:19.360> tax<01:39:19.600> act<01:39:19.760> and
he's against the billionaire tax act and
he's<01:39:20.080> voting<01:39:20.320> against<01:39:20.560> it.<01:39:20.880> This<01:39:21.119> was<01:39:21.280> his
he's voting against it. This was his
hedging<01:39:22.000> video,<01:39:22.239> which<01:39:22.480> is<01:39:22.639> to<01:39:22.880> to<01:39:23.199> kind<01:39:23.360> of
hedging video, which is to to kind of
zoom<01:39:23.760> out<01:39:23.920> his<01:39:24.159> policy<01:39:24.560> on,<01:39:25.119> hey,<01:39:25.360> this<01:39:25.600> BTA
zoom out his policy on, hey, this BTA
doesn't<01:39:26.320> make<01:39:26.480> sense.<01:39:26.800> But<01:39:26.880> I<01:39:27.040> do<01:39:27.119> agree<01:39:27.360> we
doesn't make sense. But I do agree we
need<01:39:27.679> more<01:39:27.840> taxation,<01:39:28.880> I<01:39:29.119> think,<01:39:29.199> was<01:39:29.440> kind<01:39:29.520> of
need more taxation, I think, was kind of
the<01:39:29.760> intent.<01:39:31.199> Also,<01:39:31.520> he<01:39:31.679> failed<01:39:32.080> he<01:39:32.239> failed<01:39:32.480> to
the intent. Also, he failed he failed to
kill<01:39:32.960> BTA.<01:39:33.679> Everyone<01:39:34.080> thought<01:39:34.480> all<01:39:34.639> these
kill BTA. Everyone thought all these
California<01:39:35.840> billionaires<01:39:36.320> and<01:39:36.400> these<01:39:36.560> chat
California billionaires and these chat
groups<01:39:37.040> thought<01:39:37.199> Nome<01:39:37.520> would<01:39:37.679> be<01:39:37.840> their
groups thought Nome would be their
savior.
>> That's<01:39:39.040> right.
>> That's right.
>> And<01:39:39.760> that<01:39:40.000> was<01:39:40.080> a<01:39:40.239> big<01:39:40.400> mistake.
>> And that was a big mistake.
>> What's<01:39:41.119> it<01:39:41.280> like,<01:39:42.239> Sax?<01:39:42.639> What's<01:39:42.800> it<01:39:42.960> like<01:39:43.119> in
>> What's it like, Sax? What's it like in
that<01:39:43.520> group<01:39:43.679> chat?<01:39:44.159> Tell<01:39:44.400> us<01:39:44.560> about<01:39:44.719> that
that group chat? Tell us about that
group<01:39:45.119> chat.
group chat.
>> What's<01:39:45.760> it<01:39:45.920> like<01:39:46.080> in<01:39:46.320> there?<01:39:46.800> What's<01:39:47.040> the
>> What's it like in there? What's the
meme?<01:39:47.760> What's<01:39:48.000> the<01:39:48.159> meme<01:39:48.400> like<01:39:48.639> in<01:39:48.880> there<01:39:50.320> in
meme? What's the meme like in there in
the<01:39:50.719> billionaire<01:39:51.280> group<01:39:51.520> chat?<01:39:51.920> Go<01:39:52.080> ahead.
the billionaire group chat? Go ahead.
>> I<01:39:53.280> It's<01:39:53.679> It's<01:39:54.159> 8:06<01:39:54.960> p.m.<01:39:55.360> here.<01:39:55.679> I<01:39:55.920> have<01:39:56.080> a
>> I It's It's 8:06 p.m. here. I have a
meeting<01:39:56.480> I<01:39:56.719> have<01:39:56.800> to<01:39:56.880> go<01:39:57.040> to.<01:39:57.280> I<01:39:57.440> want<01:39:57.520> to<01:39:57.679> say<01:39:57.760> I
meeting I have to go to. I want to say I
love<01:39:58.000> you<01:39:58.159> and<01:39:58.320> I<01:39:58.480> miss<01:39:58.639> all<01:39:58.800> of<01:39:58.880> you.
love you and I miss all of you.
>> And<01:39:59.679> I<01:39:59.840> want<01:39:59.920> to<01:40:00.080> say
>> And I want to say
>> a<01:40:01.440> huge<01:40:01.840> happy<01:40:02.159> birthday<01:40:03.119> to<01:40:03.360> the<01:40:03.600> most
>> a huge happy birthday to the most
incredible<01:40:05.280> country<01:40:06.000> in<01:40:06.320> the<01:40:06.560> world.
incredible country in the world.
>> I<01:40:08.560> could<01:40:08.800> not<01:40:08.960> have<01:40:09.119> imagined<01:40:09.520> my<01:40:09.840> life<01:40:10.320> being
>> I could not have imagined my life being
any<01:40:11.360> better<01:40:11.760> in<01:40:12.080> any<01:40:12.320> place.<01:40:12.639> I<01:40:12.880> feel<01:40:13.040> so
any better in any place. I feel so
blessed<01:40:13.520> and<01:40:13.679> so<01:40:13.920> lucky<01:40:14.080> to<01:40:14.239> be<01:40:14.320> an<01:40:14.560> American.
blessed and so lucky to be an American.
>> I<01:40:16.400> feel<01:40:16.639> so<01:40:16.880> thankful.<01:40:17.520> I<01:40:17.760> feel<01:40:17.920> so<01:40:18.159> grateful.
>> I feel so thankful. I feel so grateful.
It<01:40:18.960> really<01:40:19.199> is<01:40:19.360> the<01:40:19.600> best<01:40:19.760> country<01:40:19.920> in<01:40:20.080> the
It really is the best country in the
world.
>> We<01:40:20.719> have<01:40:20.800> to<01:40:20.960> fight<01:40:21.119> for<01:40:21.280> it.
>> We have to fight for it.
>> Yeah.<01:40:22.000> We<01:40:22.159> have<01:40:22.239> to<01:40:22.320> fight<01:40:22.400> for<01:40:22.480> it.
>> Yeah. We have to fight for it.
>> Fight<01:40:22.880> for<01:40:23.040> it.
>> Fight for it.
>> Yeah.<01:40:23.440> And<01:40:23.679> on<01:40:23.920> behalf<01:40:24.400> of<01:40:24.560> those<01:40:24.800> of<01:40:24.880> us
>> Yeah. And on behalf of those of us
>> Happy<01:40:25.600> birthday,<01:40:25.840> America.
>> Happy birthday, America.
>> Happy<01:40:26.639> birthday.<01:40:26.880> And<01:40:27.040> for<01:40:27.199> those<01:40:27.280> of<01:40:27.440> us<01:40:27.520> who
>> Happy birthday. And for those of us who
have<01:40:27.920> been<01:40:28.000> here<01:40:28.239> for<01:40:28.480> seven<01:40:28.880> generations,
have been here for seven generations,
>> we<01:40:30.480> think<01:40:30.639> you're<01:40:30.880> doing<01:40:31.040> a<01:40:31.199> good<01:40:31.360> job.<01:40:31.600> We're
>> we think you're doing a good job. We're
going<01:40:31.840> to<01:40:31.920> let<01:40:32.000> you<01:40:32.159> stay<01:40:32.320> here.<01:40:32.560> We're<01:40:32.800> going
going to let you stay here. We're going
to<01:40:32.960> let<01:40:33.040> you<01:40:33.199> stay<01:40:33.840> on<01:40:34.000> behalf.
to let you stay on behalf.
>> How<01:40:34.800> can<01:40:34.880> we<01:40:35.040> take<01:40:35.199> away<01:40:35.360> your<01:40:35.600> citizenship?
>> How can we take away your citizenship?
That's<01:40:36.400> what<01:40:36.480> I<01:40:36.639> want<01:40:36.880> is<01:40:37.040> a<01:40:37.199> law<01:40:37.360> where<01:40:37.600> we<01:40:37.760> can
That's what I want is a law where we can
revoke<01:40:38.639> JL<01:40:39.119> citizenship.
revoke JL citizenship.
>> Citizenship,<01:40:42.080> I've<01:40:42.320> been<01:40:42.400> here
>> Citizenship, I've been here
>> which<01:40:42.800> the<01:40:42.960> four<01:40:43.119> of<01:40:43.280> us<01:40:43.440> should<01:40:43.600> be<01:40:43.679> deported.
>> which the four of us should be deported.
I<01:40:44.320> think<01:40:44.480> you<01:40:44.639> would<01:40:44.880> lose.
I think you would lose.
>> Oh<01:40:47.040> no.
>> Oh no.
>> We'll<01:40:47.920> find<01:40:48.159> some<01:40:48.400> constitutional<01:40:49.040> loophole.
>> We'll find some constitutional loophole.
>> Enemy<01:40:49.920> Aliens<01:40:50.560> Act.
>> Enemy Aliens Act.
>> Bye,<01:40:51.440> Jason.
>> Bye, Jason.
>> All right,<01:40:53.760> feel<01:40:53.920> free.<01:40:54.800> On<01:40:55.040> that<01:40:55.280> note,
>> All right, feel free. On that note,
happy<01:40:56.320> birthday,<01:40:57.119> America.<01:40:58.400> And<01:40:58.719> uh<01:40:59.040> 250<01:40:59.760> more
happy birthday, America. And uh 250 more
great<01:41:00.239> ones.<01:41:00.560> Best<01:41:00.960> country<01:41:01.280> in<01:41:01.600> the<01:41:01.760> world.
great ones. Best country in the world.
Give<01:41:02.320> a<01:41:03.119> you<01:41:03.360> think<01:41:03.679> democratic
Give a you think democratic
socialist<01:41:04.960> commie<01:41:05.360> scumbags.<01:41:06.159> All<01:41:06.159> right,
socialist commie scumbags. All right,
we'll<01:41:06.719> see<01:41:06.800> you<01:41:06.960> next<01:41:07.199> time.<01:41:07.920> Bye-bye.<01:41:09.040> Love
we'll see you next time. Bye-bye. Love
you.<01:41:09.679> Bye-bye.
you. Bye-bye.
Let<01:41:12.400> your<01:41:12.560> winners<01:41:12.960> ride.
Let your winners ride.
>> Rainman<01:41:15.520> David
and<01:41:19.360> it<01:41:19.520> said<01:41:19.760> we<01:41:20.000> open<01:41:20.239> sourced<01:41:20.560> it<01:41:20.719> to<01:41:20.880> the
and it said we open sourced it to the
fans<01:41:21.360> and<01:41:21.520> they've<01:41:21.840> just<01:41:22.000> gone<01:41:22.239> crazy<01:41:22.560> with
fans and they've just gone crazy with
it.<01:41:23.280> Love<01:41:23.440> you<01:41:24.159> queen<01:41:24.480> of
>> besties<01:41:32.639> are
>> besties are
my<01:41:35.440> dog<01:41:35.679> taking<01:41:36.000> notice<01:41:36.320> your<01:41:36.480> driveways.
Oh<01:41:40.159> man,<01:41:40.560> my<01:41:40.800> habitasher<01:41:41.440> will<01:41:41.600> meet<01:41:41.840> me<01:41:42.000> up.
Oh man, my habitasher will meet me up.
>> We<01:41:42.719> should<01:41:42.800> all<01:41:42.960> just<01:41:43.119> get<01:41:43.280> a<01:41:43.440> room<01:41:43.520> and<01:41:43.760> just
>> We should all just get a room and just
have<01:41:44.239> one<01:41:44.400> big<01:41:44.639> huge<01:41:44.880> orgy<01:41:45.199> cuz<01:41:45.360> they're<01:41:45.520> all
have one big huge orgy cuz they're all
just<01:41:46.400> It's<01:41:46.560> like<01:41:46.719> this<01:41:46.880> like<01:41:47.119> sexual<01:41:47.520> tension
just It's like this like sexual tension
that<01:41:48.080> we<01:41:48.239> just<01:41:48.400> need<01:41:48.480> to<01:41:48.639> release<01:41:48.960> somehow.
>> Your<01:41:53.119> feet.
>> Your feet.
We<01:41:56.000> need<01:41:56.159> to<01:41:56.320> get<01:41:56.480> mercy.
We need to get mercy.
>> I'm<01:41:57.760> going
all<01:42:06.560> in.