1 00:00:00,240 --> 00:00:04,237 It's been a massive year for artificial intelligence reshaping markets and the 2 00:00:04,320 --> 00:00:06,637 global race for tech dominance. And few 3 00:00:06,720 --> 00:00:08,877 companies sit closer to the center of 4 00:00:08,960 --> 00:00:11,277 that transformation than Palunteer, 5 00:00:11,360 --> 00:00:13,997 whose software powers decision-making 6 00:00:14,080 --> 00:00:15,997 from Wall Street to the US government. 7 00:00:16,080 --> 00:00:21,357 And here with me now is Palanteer CEO, Alex Karp. Alex, great to see you. 8 00:00:21,440 --> 00:00:23,437 >> Great to see you, too. We've been at this for a long time, 9 00:00:23,520 --> 00:00:27,757 >> a long many years, my friend. Let me start here. Uh question for investors. 10 00:00:27,840 --> 00:00:29,037 Maybe it's the biggest question for 11 00:00:29,120 --> 00:00:32,477 investors right now. AI boom, Alex, or 12 00:00:32,560 --> 00:00:36,637 AI bubble? A lot of smart people have different views on that. I'm curious to 13 00:00:36,720 --> 00:00:40,477 hear yours. >> Well, I mean, first of all, it always 14 00:00:40,560 --> 00:00:42,317 it's always interesting to to define 15 00:00:42,400 --> 00:00:46,157 what it means to be smart. But um uh so 16 00:00:46,240 --> 00:00:49,437 if smart means informed, I think uh 17 00:00:49,520 --> 00:00:53,837 there the the debate comes down to um uh 18 00:00:53,920 --> 00:00:57,037 two questions. um how large is the 19 00:00:57,120 --> 00:01:01,597 market and how large is the market for things that actually work. So there's 20 00:01:01,680 --> 00:01:03,837 really two AI markets from Palanteer's 21 00:01:03,920 --> 00:01:08,477 perspective. People using AI call it 22 00:01:08,560 --> 00:01:13,517 enhanced intelligence to do basic things but things that are not sophisticated 23 00:01:13,600 --> 00:01:15,277 enough so that they would change your 24 00:01:15,360 --> 00:01:16,717 revenue or margins. 25 00:01:16,800 --> 00:01:20,717 >> That that is a very large market. Um you 26 00:01:20,800 --> 00:01:23,037 you one could argue as an informed 27 00:01:23,120 --> 00:01:25,757 citizen that that market is very large 28 00:01:25,840 --> 00:01:28,397 but does may not create enough value to 29 00:01:28,480 --> 00:01:31,437 justify the actual cost of large 30 00:01:31,520 --> 00:01:34,717 language models or their implementation. 31 00:01:34,800 --> 00:01:37,117 The the the our what we see on the 32 00:01:37,200 --> 00:01:39,997 ground not again not not as an opinion 33 00:01:40,080 --> 00:01:43,917 but as like a fact is a subset of that 34 00:01:44,000 --> 00:01:47,037 larger AI market. I would call AI that 35 00:01:47,120 --> 00:01:49,517 works either in a way that it can change 36 00:01:49,600 --> 00:01:54,317 the battlefield or it can change your margins or it can change your revenue 37 00:01:54,400 --> 00:01:58,317 and by the way can do it in a way that's so quickly that you can do it in the 38 00:01:58,400 --> 00:02:01,917 public sphere. So you can do it as a public company. You don't have to 39 00:02:02,000 --> 00:02:04,557 inherently take the company private although you can do it in the private 40 00:02:04,640 --> 00:02:08,317 context or you can do it so quickly you can change things on the battlefield 41 00:02:08,400 --> 00:02:10,957 that portion of the market. Uh so the 42 00:02:11,040 --> 00:02:13,517 subset of AI where you can show 43 00:02:13,600 --> 00:02:15,917 quantifiable results again life and 44 00:02:16,000 --> 00:02:20,637 death safety results or results so that margins or revenue actually change 45 00:02:20,720 --> 00:02:24,557 dramatically and quickly enough so that you can capture the value while you're 46 00:02:24,640 --> 00:02:29,357 still running the company in the in the structure as it exists now. So it used 47 00:02:29,440 --> 00:02:33,197 to be to do these things you had to isolate essentially isolate an 48 00:02:33,280 --> 00:02:36,877 institution. I want to rebuild my military. I want to rebuild a company. I 49 00:02:36,960 --> 00:02:41,277 want to change the trajectory of my private company. The timeline on that 50 00:02:41,360 --> 00:02:44,717 and that what you would have the violence involved meant that you had to 51 00:02:44,800 --> 00:02:48,957 take it offline for 5 years. Okay, that that's a really and sometimes you still 52 00:02:49,040 --> 00:02:50,877 have to do that. What the special thing 53 00:02:50,960 --> 00:02:53,197 about the category we're in is you can 54 00:02:53,280 --> 00:02:56,877 do all that so quickly uh that you can 55 00:02:56,960 --> 00:02:59,917 show quantifiable results and that 56 00:03:00,000 --> 00:03:04,557 portion of the market is expanding as a subset. So if the whole AR market is 57 00:03:04,640 --> 00:03:06,797 here, this was a tiny subset that is 58 00:03:06,880 --> 00:03:09,437 metabolizing the rest of the AR market. 59 00:03:09,520 --> 00:03:12,477 And so what we see on the ground is uh 60 00:03:12,560 --> 00:03:15,997 it's a it's a that people are very very 61 00:03:16,080 --> 00:03:18,797 receptive under the condition you can 62 00:03:18,880 --> 00:03:22,157 show it having worked in a similar 63 00:03:22,240 --> 00:03:24,477 environment somewhere anywhere on the 64 00:03:24,560 --> 00:03:27,357 globe. So the part of the market that is 65 00:03:27,440 --> 00:03:29,437 is weak that where people talk about a 66 00:03:29,520 --> 00:03:32,237 bubble is in the institutional context. 67 00:03:32,320 --> 00:03:34,557 So not consumer internet where you can 68 00:03:34,640 --> 00:03:39,357 never you cannot show the thing having worked that part of the market is is 69 00:03:39,440 --> 00:03:43,037 very weak and dissipating. Now the part of the market we're in which is we'll 70 00:03:43,120 --> 00:03:47,837 show you the results quickly and we'll get paid a subset of it uh that part of 71 00:03:47,920 --> 00:03:51,197 the market's getting bigger and bigger and bigger and that part of the market 72 00:03:51,280 --> 00:03:54,557 is going to dominate the rest of the market in the institutional context. 73 00:03:54,640 --> 00:03:57,677 >> Let me ask you this. So you're describing where Palanteer is today. 74 00:03:57,760 --> 00:04:01,117 Alex, help me understand where, you know, you think about where Palanteer 75 00:04:01,200 --> 00:04:04,797 could be five years from now or 10 years from now and and one way to think about 76 00:04:04,880 --> 00:04:08,957 is that, you know, you you sometimes talk about, Alex, how AI will define the 77 00:04:09,040 --> 00:04:13,197 future of warfare. So, let's say you you talk five or 10 years out. I'm 78 00:04:13,280 --> 00:04:17,757 interested how how you think about what the future battlefield will look like 79 00:04:17,840 --> 00:04:21,437 and what Palunteers place on that battlefield could be. Let let me let me 80 00:04:21,520 --> 00:04:23,437 kind of invert the question and say 81 00:04:23,520 --> 00:04:26,237 where will America be because I think 82 00:04:26,320 --> 00:04:28,797 we're downstream from America's success. 83 00:04:28,880 --> 00:04:33,117 Uh and America is the only country in 84 00:04:33,200 --> 00:04:36,077 the world that provides everything from 85 00:04:36,160 --> 00:04:39,437 chips to ontology above and below one 86 00:04:39,520 --> 00:04:42,877 country. So the question is, can we grow 87 00:04:42,960 --> 00:04:45,757 the aggregate GDP and can we grow the 88 00:04:45,840 --> 00:04:49,917 subset of GDP that affects working-class people? Because that's essentially the 89 00:04:50,000 --> 00:04:53,117 challenge we have. We're in a unique environment where we probably can grow 90 00:04:53,200 --> 00:04:55,757 aggregate abs GD GDP in absolute terms, 91 00:04:55,840 --> 00:05:00,557 meaning GDP that affects you and me. And 92 00:05:00,640 --> 00:05:04,797 now we have to can we grow it in a way that affects that positively affects the 93 00:05:04,880 --> 00:05:06,957 welder, the plumber, the truck driver. 94 00:05:07,040 --> 00:05:10,877 So this is the core challenge for America. And then as a subset of that 95 00:05:10,960 --> 00:05:15,037 because in a weird way uh our ability to defend oursel or our need to defend 96 00:05:15,120 --> 00:05:18,157 oursel is going to depend on our economic strength and our military strength. 97 00:05:18,240 --> 00:05:19,437 >> And how does AI play into that? 98 00:05:19,520 --> 00:05:23,997 >> So so yeah. So first of all something that we just have to say over and over 99 00:05:24,080 --> 00:05:26,317 and overgo we forget in this country. 100 00:05:26,400 --> 00:05:29,437 We're the only country in the world who 101 00:05:29,520 --> 00:05:32,797 has every part of the stack where the 102 00:05:32,880 --> 00:05:37,437 dominant feature of that stack is built in our country. So this is completely 103 00:05:37,520 --> 00:05:41,517 unique. So we have a very different problem than say Europe has. Europe has 104 00:05:41,600 --> 00:05:44,317 the problem that they don't have any part of the stack as the dominant 105 00:05:44,400 --> 00:05:47,037 player. Now our pro so the advantage for 106 00:05:47,120 --> 00:05:49,357 us is we can we have a very plausible 107 00:05:49,440 --> 00:05:52,077 narrative to growing our economy. The 108 00:05:52,160 --> 00:05:54,637 disadvantage for us is we have to show 109 00:05:54,720 --> 00:05:57,197 we can grow the economy in a way where 110 00:05:57,280 --> 00:06:00,397 the average person with a skilled job 111 00:06:00,480 --> 00:06:02,637 participates. Now so how does AI happen? 112 00:06:02,720 --> 00:06:04,477 It depends what you mean by AI. Again, 113 00:06:04,560 --> 00:06:07,037 if you mean AI that you're just going to 114 00:06:07,120 --> 00:06:11,997 be running some query, that's very hard to see why GDP inherently grows. It's 115 00:06:12,080 --> 00:06:15,917 also hard to see why the plumber, the welder, the truck driver has a better 116 00:06:16,000 --> 00:06:20,797 job or the job they have today, but gets paid more tomorrow. And if you do if 117 00:06:20,880 --> 00:06:24,077 you're doing AI the way the way Palanteer is actually doing it on the 118 00:06:24,160 --> 00:06:28,317 factory floor, on the battlefield, and in corporate environments all over 119 00:06:28,400 --> 00:06:32,717 America, you can see that what we're doing is we're taking the welder and 120 00:06:32,800 --> 00:06:36,637 saying, "Oh, we can make you into the kind of welder that can work in a 121 00:06:36,720 --> 00:06:40,317 complicated environment that you could not have worked in the past. We're 122 00:06:40,400 --> 00:06:44,397 taking the truck driver presumably and saying, "Hey, if we reroute you this 123 00:06:44,480 --> 00:06:47,997 way, you're more efficient. You save energy. you actually know how to repair 124 00:06:48,080 --> 00:06:52,077 your truck or predictively chair and so you are a more valuable engineer and 125 00:06:52,160 --> 00:06:56,877 arguably the most important thing is we're equipping war fighters with lethal 126 00:06:56,960 --> 00:07:01,677 technology that is substantially above what our adversaries have which means 127 00:07:01,760 --> 00:07:03,757 our adversaries don't want to fight with us. 128 00:07:03,840 --> 00:07:06,637 >> Do you do you see that remaining so in 129 00:07:06,720 --> 00:07:11,197 the future? Okay. Well, 130 00:07:11,280 --> 00:07:15,917 the the danger we have honestly in this country is just, you know, a play like 131 00:07:16,000 --> 00:07:17,917 so many of the crazy debates we have in 132 00:07:18,000 --> 00:07:20,077 this country are downstream from, you 133 00:07:20,160 --> 00:07:23,197 know, we we have a bounty of riches and 134 00:07:23,280 --> 00:07:25,917 like our issue is how do you how do you 135 00:07:26,000 --> 00:07:30,477 manage that? Like it sounds like an easy problem, but just as an example, if 136 00:07:30,560 --> 00:07:34,317 Europe had one of these things, it would be very good at protecting it. We have 137 00:07:34,400 --> 00:07:37,037 so many of these things, people think it's automatic. We're automatically 138 00:07:37,120 --> 00:07:40,397 going to win. we can afford the we can afford these internets and invites. My 139 00:07:40,480 --> 00:07:42,317 personal view maybe not I'm not saying 140 00:07:42,400 --> 00:07:44,637 those of everybody like we we like we 141 00:07:44,720 --> 00:07:47,757 can't afford open borders and complete 142 00:07:47,840 --> 00:07:52,077 delusion that we can get away with a non-marritocratic society. Most of that 143 00:07:52,160 --> 00:07:54,637 comes from the left but it's like if we 144 00:07:54,720 --> 00:07:59,277 stick we can't get away with diverging from our unique heritage which is 145 00:07:59,360 --> 00:08:03,677 particularly valuable like you know free speech, first and second amendment an 146 00:08:03,760 --> 00:08:05,677 ability to defend ourselves. These 147 00:08:05,760 --> 00:08:08,477 things are especially the fact that we 148 00:08:08,560 --> 00:08:13,517 attract and retain the best uh entrepreneurs from other countries but 149 00:08:13,600 --> 00:08:18,797 we already have many of the best ones here. Um and you know so like every 150 00:08:18,880 --> 00:08:22,077 other country is scrambling to get something to work. Our problem is 151 00:08:22,160 --> 00:08:26,477 actually different problem. Can can we stick to the hand we have? We've been 152 00:08:26,560 --> 00:08:30,317 dealt a blessed hand. >> C are we going to screw it up now? And 153 00:08:30,400 --> 00:08:34,557 that that's really our problem. like are we going to so regulate AI so that 154 00:08:34,640 --> 00:08:36,477 somehow it's easier to do it somewhere 155 00:08:36,560 --> 00:08:39,357 else. Are we going to eviscerate 156 00:08:39,440 --> 00:08:44,157 concepts like meritocracy because you know like partly because now this is 157 00:08:44,240 --> 00:08:46,877 where Silicon Valley could do a better job. People are nervous about 158 00:08:46,960 --> 00:08:48,237 meritocracy because they think it's 159 00:08:48,320 --> 00:08:52,477 meritocracy for me and like uh oligarch 160 00:08:52,560 --> 00:08:55,037 an oligarch for you, right? So it's like 161 00:08:55,120 --> 00:08:59,677 no it's like does this work for everybody? is a real or most people like 162 00:08:59,760 --> 00:09:03,437 are we going to have a society where people believe that tomorrow is better 163 00:09:03,520 --> 00:09:08,717 than today like or are we going to have a dystopian set of views because people 164 00:09:08,800 --> 00:09:10,317 think it's only working for Silicon 165 00:09:10,400 --> 00:09:13,037 Valley. Um what what does it look like 166 00:09:13,120 --> 00:09:16,317 to navigate foreign environments? Uh can 167 00:09:16,400 --> 00:09:21,117 we be honest about like successes and failure? I mean, like, can I get any 168 00:09:21,200 --> 00:09:24,717 progressive I know to admit that President Trump has done an amazing job 169 00:09:24,800 --> 00:09:28,717 in foreign policy, especially on Iran and especially on the border? Well, it 170 00:09:28,800 --> 00:09:32,877 feel I think we it feels like we've come to the part where I think a lot of 171 00:09:32,960 --> 00:09:35,357 Americans right now uh Alex on that 172 00:09:35,440 --> 00:09:38,717 point I think sort of feel like I'm for 173 00:09:38,800 --> 00:09:42,637 kind of reflexely whatever my political opponent is against is where 174 00:09:42,720 --> 00:09:46,237 >> well again we're we're it's like it's honestly it's we have a we have we we 175 00:09:46,320 --> 00:09:51,197 have a we have a we're in a unique environment where we've been blessed 176 00:09:51,280 --> 00:09:55,437 with the most important resource in the world currently. call it the ability 177 00:09:55,520 --> 00:09:59,997 from chips to ontology like above and below. Obviously, the two most valuable 178 00:10:00,080 --> 00:10:03,197 things are kind of the chips and ontology. They're both here >> in this. 179 00:10:03,280 --> 00:10:07,597 >> So, but but again, but again, but yes, it means we have to get out of our 180 00:10:07,680 --> 00:10:09,357 parochial little niche and start 181 00:10:09,440 --> 00:10:12,317 evaluating things on the issues like we 182 00:10:12,400 --> 00:10:14,877 we you know, the the the bounty of 183 00:10:14,960 --> 00:10:17,677 riches that we have it it can be a huge 184 00:10:17,760 --> 00:10:22,637 danger like do you know what any like I spent half my life in Germany. Do you 185 00:10:22,720 --> 00:10:24,317 know what Germany would do for our tech 186 00:10:24,400 --> 00:10:27,357 scene? Any Europe country in Europe, any 187 00:10:27,440 --> 00:10:30,397 country in the world? Like this is a 188 00:10:30,480 --> 00:10:34,717 like no other country has this. And by the way, it's it's it's incredibly hard 189 00:10:34,800 --> 00:10:38,637 to replicate because it's not people people want to believe, including in the 190 00:10:38,720 --> 00:10:43,037 valley, it's like some pure IQ. It's not. It's like it's like a way of 191 00:10:43,120 --> 00:10:45,037 organizing things, a way of doing things 192 00:10:45,120 --> 00:10:48,637 plus IQ and other attributes. And and 193 00:10:48,720 --> 00:10:52,157 this is somehow in this country, if you're like me, you're like, "Yeah, we 194 00:10:52,240 --> 00:10:56,717 we we we our constitution was given to us by a higher power. We have a special 195 00:10:56,800 --> 00:11:00,157 role in the world." Some people don't believe that. But, you know, there's a 196 00:11:00,240 --> 00:11:04,637 lot of evidence for for what I believe, including the this whole conversation. 197 00:11:04,720 --> 00:11:07,837 And then the really the real question is, do we screw it up? And yeah, we 198 00:11:07,920 --> 00:11:10,957 could screw it up. >> Let me ask you this. In this in this AI 199 00:11:11,040 --> 00:11:13,277 discussion we're having, investors have 200 00:11:13,360 --> 00:11:18,717 clearly determined, Alex, that Palanteer is an AI winner. your stock has soared. 201 00:11:18,800 --> 00:11:22,157 I talked to some analysts who cover Palunteer. I want your reaction to this. 202 00:11:22,240 --> 00:11:25,197 And I'll ask them, you cover Palunteer. 203 00:11:25,280 --> 00:11:28,557 Why isn't Palanteer a hold? And here's what they'll tell me. They'll say, I 204 00:11:28,640 --> 00:11:33,037 like Corp. I like the company. I like the tech, but 205 00:11:33,120 --> 00:11:35,197 >> it is too pricey. It's too expensive. 206 00:11:35,280 --> 00:11:37,517 We're nosebleleed levels. What do you say to that? 207 00:11:37,600 --> 00:11:41,917 >> How often have you been right in the past? That's literally my qu my question 208 00:11:42,000 --> 00:11:44,717 is >> that would be your question to the analyst. No, like I'm not going to 209 00:11:44,800 --> 00:11:49,997 engage on your prognications of the future if your record. By the way, this 210 00:11:50,080 --> 00:11:53,437 is and as much as I like to bast analysts and as much as many deserve it, 211 00:11:53,520 --> 00:11:56,797 it's really there are analysts who are I think some of the analysts say that I 212 00:11:56,880 --> 00:12:00,957 think some of them say look I was wrong in the past and now I'm looking deeper. 213 00:12:01,040 --> 00:12:03,597 So it's it's one one can't generalize 214 00:12:03,680 --> 00:12:09,277 even about analysts. But I would say all sorts of people who have let's say all 215 00:12:09,360 --> 00:12:12,877 sorts of people that have negative attitudes towards Palier or broadly 216 00:12:12,960 --> 00:12:16,637 defined the quote unquote analyst is like you know nosebleleed level 217 00:12:16,720 --> 00:12:20,557 valuation. The quote unquote journalist that says we're we're we're powering the 218 00:12:20,640 --> 00:12:24,317 surveillance state domestically. The quote unquote person that says I'm a 219 00:12:24,400 --> 00:12:27,837 conspiracy. The quote unquote person I don't know. There's all these things in 220 00:12:27,920 --> 00:12:30,957 every country. There's a negative Palunteer meme. What I would say to any 221 00:12:31,040 --> 00:12:33,117 one of them, and by the way, not just on 222 00:12:33,200 --> 00:12:35,837 this issue, there's persuasion and being 223 00:12:35,920 --> 00:12:37,997 right. One of the most important things 224 00:12:38,080 --> 00:12:40,237 you have to ask yourself is how often 225 00:12:40,320 --> 00:12:43,677 has this person been right? And that is 226 00:12:43,760 --> 00:12:46,797 more important than is it persuasive? 227 00:12:46,880 --> 00:12:49,757 If you analyst, journalist, politician, 228 00:12:49,840 --> 00:12:54,957 if they've been right on five out of six things and they say a seventh, I think 229 00:12:55,040 --> 00:12:59,037 one should assume they're likely to be right. What if they've been wrong about 230 00:12:59,120 --> 00:13:03,277 all those things? And by the way, where I do have a bone to pick with 231 00:13:03,360 --> 00:13:07,837 >> like traditional financial people, including their minions, the analysts, 232 00:13:07,920 --> 00:13:11,757 some of them, not all, is >> do you know how much money you've robbed 233 00:13:11,840 --> 00:13:14,477 of people with your views on Palunteer? 234 00:13:14,560 --> 00:13:17,917 >> Like, you know, it's like they have all these views. There's no downside risk 235 00:13:18,000 --> 00:13:21,277 for their view. >> At what? It's like it really should be 236 00:13:21,360 --> 00:13:25,197 next to every statement. I said don't buy Palunteer at six. I said don't buy 237 00:13:25,280 --> 00:13:27,917 Palunteer at 12. I and the welder, 238 00:13:28,000 --> 00:13:30,877 plumber, technician who didn't buy it or 239 00:13:30,960 --> 00:13:34,157 sold too soon, I owe them money. 240 00:13:34,240 --> 00:13:35,437 And and by the way, let me tell you 241 00:13:35,520 --> 00:13:37,517 something about Palanteer that is very 242 00:13:37,600 --> 00:13:41,517 positive. By my reckoning, Palanteer is 243 00:13:41,600 --> 00:13:43,997 one, if not one of the very few, if not 244 00:13:44,080 --> 00:13:47,117 the only where the average American 245 00:13:47,200 --> 00:13:48,797 bought 246 00:13:48,880 --> 00:13:51,597 and the average sophisticated American 247 00:13:51,680 --> 00:13:55,837 sat on the sidelines or sold. Why do what do you think explains that? 248 00:13:55,920 --> 00:13:57,277 >> Yeah, because the average American was a 249 00:13:57,360 --> 00:13:59,517 lot smarter than they were and listened 250 00:13:59,600 --> 00:14:02,877 and was not bigoted like was not was not 251 00:14:02,960 --> 00:14:07,277 held down by a whole set of training beliefs that were wrong like what does 252 00:14:07,360 --> 00:14:10,317 it mean to build enterprise? What does it mean to have FDES? What does it mean 253 00:14:10,400 --> 00:14:13,197 to go to market? What does it mean to get paid? Does your enterprise have to 254 00:14:13,280 --> 00:14:15,117 be parasitic? Should it be a parasitic? 255 00:14:15,200 --> 00:14:18,717 Should the host essentially be paying for the privilege of making your company 256 00:14:18,800 --> 00:14:22,157 larger and getting no value except for a weird feeling that you get from the 257 00:14:22,240 --> 00:14:25,277 parasite that you're better than you are? It's like essentially replicating 258 00:14:25,360 --> 00:14:29,197 the whole woke mind virus in the enterprise. You know, they were open. By 259 00:14:29,280 --> 00:14:33,357 the way, they were also not only they were not bigoted against some obvious 260 00:14:33,440 --> 00:14:36,717 truths that we've been saying for 20 years with by the way these views when 261 00:14:36,800 --> 00:14:40,237 they were not popular >> like what Alex >> like America is a better way to organize 262 00:14:40,320 --> 00:14:43,517 and live than any other place in the world that even though it's better we 263 00:14:43,600 --> 00:14:46,637 shouldn't be exporting or especially it's better we shouldn't export we don't 264 00:14:46,720 --> 00:14:48,797 need to export our values abroad we need 265 00:14:48,880 --> 00:14:51,117 to be strong enough in America so that 266 00:14:51,200 --> 00:14:54,077 nobody screws with us including my bo my 267 00:14:54,160 --> 00:14:58,157 views on the border like we should have actual border we should have an actual 268 00:14:58,240 --> 00:15:00,637 culture We should have meritocracy. We 269 00:15:00,720 --> 00:15:03,117 should not tolerate discrimination and 270 00:15:03,200 --> 00:15:07,757 discrimination means against white males or whatever that is. We we should we 271 00:15:07,840 --> 00:15:10,237 should build the best products. The products are going to have to be much 272 00:15:10,320 --> 00:15:12,237 better than any other products in the world or they're not going to get 273 00:15:12,320 --> 00:15:16,477 implemented. Uh I mean all these things we've been saying for 20 years and you 274 00:15:16,560 --> 00:15:18,957 know what they pissed off a lot of people in the league. You know who they 275 00:15:19,040 --> 00:15:21,117 didn't piss off? The the the same people 276 00:15:21,200 --> 00:15:23,677 were also making AI work for the truck 277 00:15:23,760 --> 00:15:28,157 drivers, the plumbers. I run into people all over America and quite frankly all 278 00:15:28,240 --> 00:15:31,437 over the world. People who of like normal means who are now rich because of 279 00:15:31,520 --> 00:15:33,997 Palanteer. You know who's not rich because of Palunteer? The people who 280 00:15:34,080 --> 00:15:38,557 read the analyst notes and the people who wrote them. And you know what? 281 00:15:38,640 --> 00:15:42,477 They're also kind of still kind of angry because while they're cruising along in 282 00:15:42,560 --> 00:15:46,157 their broken down car, the person cruising next to them in their beautiful 283 00:15:46,240 --> 00:15:49,117 Tesla uh is a is a is an actual worker 284 00:15:49,200 --> 00:15:53,197 in this providing actual value who may have gotten rich on Palunteer. I want 285 00:15:53,280 --> 00:15:57,517 >> and I by the way I love that it is nothing makes me happier than looking in 286 00:15:57,600 --> 00:16:02,237 my mind's eye at the at the at the at the bank executive who's hanging out 287 00:16:02,320 --> 00:16:04,477 with their thing who's living on the 288 00:16:04,560 --> 00:16:06,797 drip drip of some highinterest loan 289 00:16:06,880 --> 00:16:09,997 watching some person who's free American 290 00:16:10,080 --> 00:16:14,557 riding their car who has a who did not go to an elite school but bought knew 291 00:16:14,640 --> 00:16:18,157 enough because they didn't probably go to elite school to buy Palunteer shares 292 00:16:18,240 --> 00:16:22,157 and now are you going to make even more money using our platform? Let me ask you 293 00:16:22,240 --> 00:16:24,797 this. I want to end here. There is a book coming. I want your view on this. 294 00:16:24,880 --> 00:16:27,357 It's a biography of you, The Philosopher 295 00:16:27,440 --> 00:16:31,197 in the Valley. When I read this book, is 296 00:16:31,280 --> 00:16:34,637 it going to be a fair, balanced portrait 297 00:16:34,720 --> 00:16:38,797 of Dr. Alex Kark? >> Well, I mean, only be fair and balanced 298 00:16:38,880 --> 00:16:43,117 if everything was good. Um, no. Uh, look, it's 70% accurate. It's very 299 00:16:43,200 --> 00:16:45,837 >> What's the 30 that's not? >> Uh, you know, he's got Trump derangement 300 00:16:45,920 --> 00:16:48,797 syndrome, obviously. >> How does that come out? uh like anything 301 00:16:48,880 --> 00:16:51,277 that Palanteer's done that it's it's 302 00:16:51,360 --> 00:16:55,837 basically it's two books. It's one book about my childhood which is a complex 303 00:16:55,920 --> 00:17:00,397 background and you know came from nothing and highly dyslexic and 304 00:17:00,480 --> 00:17:03,917 amorphous. is like the whole thing amorphous background a little bit too 305 00:17:04,000 --> 00:17:06,157 amorphous racially a little too Jewish a 306 00:17:06,240 --> 00:17:09,517 little too uh very dyslexic uh political 307 00:17:09,600 --> 00:17:11,677 that part's fascinating it's a little 308 00:17:11,760 --> 00:17:15,677 hyperbolic but it's like 85 90% true um 309 00:17:15,760 --> 00:17:19,837 then of course the Trump derangement syndrome you know the fact that you know 310 00:17:19,920 --> 00:17:21,357 you know President Trump did these 311 00:17:21,440 --> 00:17:25,197 courageous things in Iran uh you knowh 312 00:17:25,280 --> 00:17:29,597 and and and closed the border and and pounders played a a role in these things 313 00:17:29,680 --> 00:17:33,117 obviously not the role that the people did the work or the president, but you 314 00:17:33,200 --> 00:17:35,277 know that just sets off this mind virus. 315 00:17:35,360 --> 00:17:39,277 So Karp has to be evil. It's you know that part of the book obviously is is 316 00:17:39,360 --> 00:17:42,637 you know but it's so obvious that you can kind of read through it and yeah 317 00:17:42,720 --> 00:17:46,237 there's some things but I guess it's a good read. I think people read it uh 318 00:17:46,320 --> 00:17:48,477 will say oh wow that's really interesting. There's some things about 319 00:17:48,560 --> 00:17:51,997 Alex I I didn't know and you know you can assume all the things you don't like 320 00:17:52,080 --> 00:17:54,957 about me are the in on the inaccurate side and all the things you do are 321 00:17:55,040 --> 00:17:57,917 accurate. But it's it I think a lot of people are going to read it. I think 322 00:17:58,000 --> 00:18:00,957 people will enjoy reading it. Since we're talking politics there, final 323 00:18:01,040 --> 00:18:04,797 question. How have and we've been talking for a long time, the two of us 324 00:18:04,880 --> 00:18:09,437 years. How have um how have politics changed in Silicon Valley as you've 325 00:18:09,520 --> 00:18:11,277 watched it? What's the arc been like? 326 00:18:11,360 --> 00:18:13,837 And how has that if at all impacted the 327 00:18:13,920 --> 00:18:18,317 defense tech sector? >> Well, I mean, I'll tell you the thing I 328 00:18:18,400 --> 00:18:22,317 get in most trouble for in my intellectual circles is the following 329 00:18:22,400 --> 00:18:27,277 statement. Silicon Valley, like the rest of the world, will listen to you if 330 00:18:27,360 --> 00:18:30,637 those ideas make you money. Now, of course, you still have to have 331 00:18:30,720 --> 00:18:33,757 convincing ideas that are true. But if 332 00:18:33,840 --> 00:18:35,757 those ideas are not tailored to real 333 00:18:35,840 --> 00:18:38,397 world things that work in the valley, 334 00:18:38,480 --> 00:18:41,677 quite frankly, is dollars. 335 00:18:41,760 --> 00:18:46,237 >> They will not listen. The fact is, and again, I get whenever I tell this to my 336 00:18:46,320 --> 00:18:48,637 intellectual friends, they stop talking to me because they want to believe that 337 00:18:48,720 --> 00:18:52,397 pure ideas change the world. Pure ideas don't change the world. I'll tell you 338 00:18:52,480 --> 00:18:55,597 what changes the world. pure ideas backed by the military in this case 339 00:18:55,680 --> 00:18:58,877 hopefully the US doesn't mean you have to use the military if you're strong 340 00:18:58,960 --> 00:19:03,437 enough like this is where I'm like a palanteer is not a neocon project our 341 00:19:03,520 --> 00:19:07,517 project is to make America so strong we never fight that's different than so 342 00:19:07,600 --> 00:19:11,357 almost strong enough so we always fight right so your ideas get listened to if 343 00:19:11,440 --> 00:19:14,637 you are dominant on the battlefield and hopefully so dominant you don't have to 344 00:19:14,720 --> 00:19:17,837 listen use it but if you do use it people are like yeah I'm not screwing 345 00:19:17,920 --> 00:19:21,357 with those or if those ideas make someone a lot of money you still have to 346 00:19:21,440 --> 00:19:24,317 have the ideas in part the intellectuals get so angry. My intellectual friends, 347 00:19:24,400 --> 00:19:26,877 it's like because they just think they write a book, someone reads and it 348 00:19:26,960 --> 00:19:30,157 changes the world. Nuh-uh. And like that's not the way intellectual projects 349 00:19:30,240 --> 00:19:32,077 have ever worked. The ideas have to have 350 00:19:32,160 --> 00:19:35,117 a real world input. And so the fact that 351 00:19:35,200 --> 00:19:39,917 Palunteer is that whatever we're at, this changes the valley because not only 352 00:19:40,000 --> 00:19:44,157 was the patriotism right, but the patriotism make you rich. And that's 353 00:19:44,240 --> 00:19:47,837 what that that impact on the valley is going to be very long lasting. Uh and 354 00:19:47,920 --> 00:19:51,037 I'm very proud of that. But again, you can't just be proud of the idea that was 355 00:19:51,120 --> 00:19:54,237 right from the beginning. It was been right since the history of our country 356 00:19:54,320 --> 00:19:58,957 that our way of organizing especially our constitution is superior certainly 357 00:19:59,040 --> 00:20:01,677 super superior for Americans again superior for us doesn't mean we export 358 00:20:01,760 --> 00:20:03,357 it to everyone in the world but superior 359 00:20:03,440 --> 00:20:07,357 for us since conception and uh and uh 360 00:20:07,440 --> 00:20:11,677 but you what to make people listen up in 361 00:20:11,760 --> 00:20:15,677 their seats you need to be dominant on the military and dominant on the economy 362 00:20:15,760 --> 00:20:20,237 and Palunteer plays a really but for role in the both of those areas and 363 00:20:20,320 --> 00:20:23,117 that's something that I'm proud of because not just because of the impact 364 00:20:23,200 --> 00:20:27,437 but because the like the way in which it reverberates both in Silicon Valley and 365 00:20:27,520 --> 00:20:31,117 outside and by the way it also stands for you know anyone can make it one of 366 00:20:31,200 --> 00:20:32,637 the things that's in the biography is 367 00:20:32,720 --> 00:20:35,677 you read where I came from read that 368 00:20:35,760 --> 00:20:39,277 like there's no reason you can't advance 369 00:20:39,360 --> 00:20:43,277 in this society and that's an important lesson for everybody especially outside 370 00:20:43,360 --> 00:20:45,920 the house.