WEBVTT 00:00:00.240 --> 00:00:04.237 It's been a massive year for artificial intelligence reshaping markets and the 00:00:04.320 --> 00:00:06.637 global race for tech dominance. And few 00:00:06.720 --> 00:00:08.877 companies sit closer to the center of 00:00:08.960 --> 00:00:11.277 that transformation than Palunteer, 00:00:11.360 --> 00:00:13.997 whose software powers decision-making 00:00:14.080 --> 00:00:15.997 from Wall Street to the US government. 00:00:16.080 --> 00:00:21.357 And here with me now is Palanteer CEO, Alex Karp. Alex, great to see you. 00:00:21.440 --> 00:00:23.437 >> Great to see you, too. We've been at this for a long time, 00:00:23.520 --> 00:00:27.757 >> a long many years, my friend. Let me start here. Uh question for investors. 00:00:27.840 --> 00:00:29.037 Maybe it's the biggest question for 00:00:29.120 --> 00:00:32.477 investors right now. AI boom, Alex, or 00:00:32.560 --> 00:00:36.637 AI bubble? A lot of smart people have different views on that. I'm curious to 00:00:36.720 --> 00:00:40.477 hear yours. >> Well, I mean, first of all, it always 00:00:40.560 --> 00:00:42.317 it's always interesting to to define 00:00:42.400 --> 00:00:46.157 what it means to be smart. But um uh so 00:00:46.240 --> 00:00:49.437 if smart means informed, I think uh 00:00:49.520 --> 00:00:53.837 there the the debate comes down to um uh 00:00:53.920 --> 00:00:57.037 two questions. um how large is the 00:00:57.120 --> 00:01:01.597 market and how large is the market for things that actually work. So there's 00:01:01.680 --> 00:01:03.837 really two AI markets from Palanteer's 00:01:03.920 --> 00:01:08.477 perspective. People using AI call it 00:01:08.560 --> 00:01:13.517 enhanced intelligence to do basic things but things that are not sophisticated 00:01:13.600 --> 00:01:15.277 enough so that they would change your 00:01:15.360 --> 00:01:16.717 revenue or margins. 00:01:16.800 --> 00:01:20.717 >> That that is a very large market. Um you 00:01:20.800 --> 00:01:23.037 you one could argue as an informed 00:01:23.120 --> 00:01:25.757 citizen that that market is very large 00:01:25.840 --> 00:01:28.397 but does may not create enough value to 00:01:28.480 --> 00:01:31.437 justify the actual cost of large 00:01:31.520 --> 00:01:34.717 language models or their implementation. 00:01:34.800 --> 00:01:37.117 The the the our what we see on the 00:01:37.200 --> 00:01:39.997 ground not again not not as an opinion 00:01:40.080 --> 00:01:43.917 but as like a fact is a subset of that 00:01:44.000 --> 00:01:47.037 larger AI market. I would call AI that 00:01:47.120 --> 00:01:49.517 works either in a way that it can change 00:01:49.600 --> 00:01:54.317 the battlefield or it can change your margins or it can change your revenue 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 00:01:58.400 --> 00:02:01.917 public sphere. So you can do it as a public company. You don't have to 00:02:02.000 --> 00:02:04.557 inherently take the company private although you can do it in the private 00:02:04.640 --> 00:02:08.317 context or you can do it so quickly you can change things on the battlefield 00:02:08.400 --> 00:02:10.957 that portion of the market. Uh so the 00:02:11.040 --> 00:02:13.517 subset of AI where you can show 00:02:13.600 --> 00:02:15.917 quantifiable results again life and 00:02:16.000 --> 00:02:20.637 death safety results or results so that margins or revenue actually change 00:02:20.720 --> 00:02:24.557 dramatically and quickly enough so that you can capture the value while you're 00:02:24.640 --> 00:02:29.357 still running the company in the in the structure as it exists now. So it used 00:02:29.440 --> 00:02:33.197 to be to do these things you had to isolate essentially isolate an 00:02:33.280 --> 00:02:36.877 institution. I want to rebuild my military. I want to rebuild a company. I 00:02:36.960 --> 00:02:41.277 want to change the trajectory of my private company. The timeline on that 00:02:41.360 --> 00:02:44.717 and that what you would have the violence involved meant that you had to 00:02:44.800 --> 00:02:48.957 take it offline for 5 years. Okay, that that's a really and sometimes you still 00:02:49.040 --> 00:02:50.877 have to do that. What the special thing 00:02:50.960 --> 00:02:53.197 about the category we're in is you can 00:02:53.280 --> 00:02:56.877 do all that so quickly uh that you can 00:02:56.960 --> 00:02:59.917 show quantifiable results and that 00:03:00.000 --> 00:03:04.557 portion of the market is expanding as a subset. So if the whole AR market is 00:03:04.640 --> 00:03:06.797 here, this was a tiny subset that is 00:03:06.880 --> 00:03:09.437 metabolizing the rest of the AR market. 00:03:09.520 --> 00:03:12.477 And so what we see on the ground is uh 00:03:12.560 --> 00:03:15.997 it's a it's a that people are very very 00:03:16.080 --> 00:03:18.797 receptive under the condition you can 00:03:18.880 --> 00:03:22.157 show it having worked in a similar 00:03:22.240 --> 00:03:24.477 environment somewhere anywhere on the 00:03:24.560 --> 00:03:27.357 globe. So the part of the market that is 00:03:27.440 --> 00:03:29.437 is weak that where people talk about a 00:03:29.520 --> 00:03:32.237 bubble is in the institutional context. 00:03:32.320 --> 00:03:34.557 So not consumer internet where you can 00:03:34.640 --> 00:03:39.357 never you cannot show the thing having worked that part of the market is is 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 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 00:03:47.920 --> 00:03:51.197 the market's getting bigger and bigger and bigger and that part of the market 00:03:51.280 --> 00:03:54.557 is going to dominate the rest of the market in the institutional context. 00:03:54.640 --> 00:03:57.677 >> Let me ask you this. So you're describing where Palanteer is today. 00:03:57.760 --> 00:04:01.117 Alex, help me understand where, you know, you think about where Palanteer 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 00:04:04.880 --> 00:04:08.957 is that, you know, you you sometimes talk about, Alex, how AI will define the 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 00:04:13.280 --> 00:04:17.757 interested how how you think about what the future battlefield will look like 00:04:17.840 --> 00:04:21.437 and what Palunteers place on that battlefield could be. Let let me let me 00:04:21.520 --> 00:04:23.437 kind of invert the question and say 00:04:23.520 --> 00:04:26.237 where will America be because I think 00:04:26.320 --> 00:04:28.797 we're downstream from America's success. 00:04:28.880 --> 00:04:33.117 Uh and America is the only country in 00:04:33.200 --> 00:04:36.077 the world that provides everything from 00:04:36.160 --> 00:04:39.437 chips to ontology above and below one 00:04:39.520 --> 00:04:42.877 country. So the question is, can we grow 00:04:42.960 --> 00:04:45.757 the aggregate GDP and can we grow the 00:04:45.840 --> 00:04:49.917 subset of GDP that affects working-class people? Because that's essentially the 00:04:50.000 --> 00:04:53.117 challenge we have. We're in a unique environment where we probably can grow 00:04:53.200 --> 00:04:55.757 aggregate abs GD GDP in absolute terms, 00:04:55.840 --> 00:05:00.557 meaning GDP that affects you and me. And 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 00:05:04.880 --> 00:05:06.957 welder, the plumber, the truck driver. 00:05:07.040 --> 00:05:10.877 So this is the core challenge for America. And then as a subset of that 00:05:10.960 --> 00:05:15.037 because in a weird way uh our ability to defend oursel or our need to defend 00:05:15.120 --> 00:05:18.157 oursel is going to depend on our economic strength and our military strength. 00:05:18.240 --> 00:05:19.437 >> And how does AI play into that? 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 00:05:24.080 --> 00:05:26.317 and overgo we forget in this country. 00:05:26.400 --> 00:05:29.437 We're the only country in the world who 00:05:29.520 --> 00:05:32.797 has every part of the stack where the 00:05:32.880 --> 00:05:37.437 dominant feature of that stack is built in our country. So this is completely 00:05:37.520 --> 00:05:41.517 unique. So we have a very different problem than say Europe has. Europe has 00:05:41.600 --> 00:05:44.317 the problem that they don't have any part of the stack as the dominant 00:05:44.400 --> 00:05:47.037 player. Now our pro so the advantage for 00:05:47.120 --> 00:05:49.357 us is we can we have a very plausible 00:05:49.440 --> 00:05:52.077 narrative to growing our economy. The 00:05:52.160 --> 00:05:54.637 disadvantage for us is we have to show 00:05:54.720 --> 00:05:57.197 we can grow the economy in a way where 00:05:57.280 --> 00:06:00.397 the average person with a skilled job 00:06:00.480 --> 00:06:02.637 participates. Now so how does AI happen? 00:06:02.720 --> 00:06:04.477 It depends what you mean by AI. Again, 00:06:04.560 --> 00:06:07.037 if you mean AI that you're just going to 00:06:07.120 --> 00:06:11.997 be running some query, that's very hard to see why GDP inherently grows. It's 00:06:12.080 --> 00:06:15.917 also hard to see why the plumber, the welder, the truck driver has a better 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 00:06:20.880 --> 00:06:24.077 you're doing AI the way the way Palanteer is actually doing it on the 00:06:24.160 --> 00:06:28.317 factory floor, on the battlefield, and in corporate environments all over 00:06:28.400 --> 00:06:32.717 America, you can see that what we're doing is we're taking the welder and 00:06:32.800 --> 00:06:36.637 saying, "Oh, we can make you into the kind of welder that can work in a 00:06:36.720 --> 00:06:40.317 complicated environment that you could not have worked in the past. We're 00:06:40.400 --> 00:06:44.397 taking the truck driver presumably and saying, "Hey, if we reroute you this 00:06:44.480 --> 00:06:47.997 way, you're more efficient. You save energy. you actually know how to repair 00:06:48.080 --> 00:06:52.077 your truck or predictively chair and so you are a more valuable engineer and 00:06:52.160 --> 00:06:56.877 arguably the most important thing is we're equipping war fighters with lethal 00:06:56.960 --> 00:07:01.677 technology that is substantially above what our adversaries have which means 00:07:01.760 --> 00:07:03.757 our adversaries don't want to fight with us. 00:07:03.840 --> 00:07:06.637 >> Do you do you see that remaining so in 00:07:06.720 --> 00:07:11.197 the future? Okay. Well, 00:07:11.280 --> 00:07:15.917 the the danger we have honestly in this country is just, you know, a play like 00:07:16.000 --> 00:07:17.917 so many of the crazy debates we have in 00:07:18.000 --> 00:07:20.077 this country are downstream from, you 00:07:20.160 --> 00:07:23.197 know, we we have a bounty of riches and 00:07:23.280 --> 00:07:25.917 like our issue is how do you how do you 00:07:26.000 --> 00:07:30.477 manage that? Like it sounds like an easy problem, but just as an example, if 00:07:30.560 --> 00:07:34.317 Europe had one of these things, it would be very good at protecting it. We have 00:07:34.400 --> 00:07:37.037 so many of these things, people think it's automatic. We're automatically 00:07:37.120 --> 00:07:40.397 going to win. we can afford the we can afford these internets and invites. My 00:07:40.480 --> 00:07:42.317 personal view maybe not I'm not saying 00:07:42.400 --> 00:07:44.637 those of everybody like we we like we 00:07:44.720 --> 00:07:47.757 can't afford open borders and complete 00:07:47.840 --> 00:07:52.077 delusion that we can get away with a non-marritocratic society. Most of that 00:07:52.160 --> 00:07:54.637 comes from the left but it's like if we 00:07:54.720 --> 00:07:59.277 stick we can't get away with diverging from our unique heritage which is 00:07:59.360 --> 00:08:03.677 particularly valuable like you know free speech, first and second amendment an 00:08:03.760 --> 00:08:05.677 ability to defend ourselves. These 00:08:05.760 --> 00:08:08.477 things are especially the fact that we 00:08:08.560 --> 00:08:13.517 attract and retain the best uh entrepreneurs from other countries but 00:08:13.600 --> 00:08:18.797 we already have many of the best ones here. Um and you know so like every 00:08:18.880 --> 00:08:22.077 other country is scrambling to get something to work. Our problem is 00:08:22.160 --> 00:08:26.477 actually different problem. Can can we stick to the hand we have? We've been 00:08:26.560 --> 00:08:30.317 dealt a blessed hand. >> C are we going to screw it up now? And 00:08:30.400 --> 00:08:34.557 that that's really our problem. like are we going to so regulate AI so that 00:08:34.640 --> 00:08:36.477 somehow it's easier to do it somewhere 00:08:36.560 --> 00:08:39.357 else. Are we going to eviscerate 00:08:39.440 --> 00:08:44.157 concepts like meritocracy because you know like partly because now this is 00:08:44.240 --> 00:08:46.877 where Silicon Valley could do a better job. People are nervous about 00:08:46.960 --> 00:08:48.237 meritocracy because they think it's 00:08:48.320 --> 00:08:52.477 meritocracy for me and like uh oligarch 00:08:52.560 --> 00:08:55.037 an oligarch for you, right? So it's like 00:08:55.120 --> 00:08:59.677 no it's like does this work for everybody? is a real or most people like 00:08:59.760 --> 00:09:03.437 are we going to have a society where people believe that tomorrow is better 00:09:03.520 --> 00:09:08.717 than today like or are we going to have a dystopian set of views because people 00:09:08.800 --> 00:09:10.317 think it's only working for Silicon 00:09:10.400 --> 00:09:13.037 Valley. Um what what does it look like 00:09:13.120 --> 00:09:16.317 to navigate foreign environments? Uh can 00:09:16.400 --> 00:09:21.117 we be honest about like successes and failure? I mean, like, can I get any 00:09:21.200 --> 00:09:24.717 progressive I know to admit that President Trump has done an amazing job 00:09:24.800 --> 00:09:28.717 in foreign policy, especially on Iran and especially on the border? Well, it 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 00:09:32.960 --> 00:09:35.357 Americans right now uh Alex on that 00:09:35.440 --> 00:09:38.717 point I think sort of feel like I'm for 00:09:38.800 --> 00:09:42.637 kind of reflexely whatever my political opponent is against is where 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 00:09:46.320 --> 00:09:51.197 have a we have a we're in a unique environment where we've been blessed 00:09:51.280 --> 00:09:55.437 with the most important resource in the world currently. call it the ability 00:09:55.520 --> 00:09:59.997 from chips to ontology like above and below. Obviously, the two most valuable 00:10:00.080 --> 00:10:03.197 things are kind of the chips and ontology. They're both here >> in this. 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 00:10:07.680 --> 00:10:09.357 parochial little niche and start 00:10:09.440 --> 00:10:12.317 evaluating things on the issues like we 00:10:12.400 --> 00:10:14.877 we you know, the the the bounty of 00:10:14.960 --> 00:10:17.677 riches that we have it it can be a huge 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 00:10:22.720 --> 00:10:24.317 know what Germany would do for our tech 00:10:24.400 --> 00:10:27.357 scene? Any Europe country in Europe, any 00:10:27.440 --> 00:10:30.397 country in the world? Like this is a 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 00:10:34.800 --> 00:10:38.637 to replicate because it's not people people want to believe, including in the 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 00:10:43.120 --> 00:10:45.037 organizing things, a way of doing things 00:10:45.120 --> 00:10:48.637 plus IQ and other attributes. And and 00:10:48.720 --> 00:10:52.157 this is somehow in this country, if you're like me, you're like, "Yeah, we 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 00:10:56.800 --> 00:11:00.157 role in the world." Some people don't believe that. But, you know, there's a 00:11:00.240 --> 00:11:04.637 lot of evidence for for what I believe, including the this whole conversation. 00:11:04.720 --> 00:11:07.837 And then the really the real question is, do we screw it up? And yeah, we 00:11:07.920 --> 00:11:10.957 could screw it up. >> Let me ask you this. In this in this AI 00:11:11.040 --> 00:11:13.277 discussion we're having, investors have 00:11:13.360 --> 00:11:18.717 clearly determined, Alex, that Palanteer is an AI winner. your stock has soared. 00:11:18.800 --> 00:11:22.157 I talked to some analysts who cover Palunteer. I want your reaction to this. 00:11:22.240 --> 00:11:25.197 And I'll ask them, you cover Palunteer. 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 00:11:28.640 --> 00:11:33.037 like Corp. I like the company. I like the tech, but 00:11:33.120 --> 00:11:35.197 >> it is too pricey. It's too expensive. 00:11:35.280 --> 00:11:37.517 We're nosebleleed levels. What do you say to that? 00:11:37.600 --> 00:11:41.917 >> How often have you been right in the past? That's literally my qu my question 00:11:42.000 --> 00:11:44.717 is >> that would be your question to the analyst. No, like I'm not going to 00:11:44.800 --> 00:11:49.997 engage on your prognications of the future if your record. By the way, this 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, 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 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. 00:12:01.040 --> 00:12:03.597 So it's it's one one can't generalize 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 00:12:09.360 --> 00:12:12.877 sorts of people that have negative attitudes towards Palier or broadly 00:12:12.960 --> 00:12:16.637 defined the quote unquote analyst is like you know nosebleleed level 00:12:16.720 --> 00:12:20.557 valuation. The quote unquote journalist that says we're we're we're powering the 00:12:20.640 --> 00:12:24.317 surveillance state domestically. The quote unquote person that says I'm a 00:12:24.400 --> 00:12:27.837 conspiracy. The quote unquote person I don't know. There's all these things in 00:12:27.920 --> 00:12:30.957 every country. There's a negative Palunteer meme. What I would say to any 00:12:31.040 --> 00:12:33.117 one of them, and by the way, not just on 00:12:33.200 --> 00:12:35.837 this issue, there's persuasion and being 00:12:35.920 --> 00:12:37.997 right. One of the most important things 00:12:38.080 --> 00:12:40.237 you have to ask yourself is how often 00:12:40.320 --> 00:12:43.677 has this person been right? And that is 00:12:43.760 --> 00:12:46.797 more important than is it persuasive? 00:12:46.880 --> 00:12:49.757 If you analyst, journalist, politician, 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 00:12:55.040 --> 00:12:59.037 one should assume they're likely to be right. What if they've been wrong about 00:12:59.120 --> 00:13:03.277 all those things? And by the way, where I do have a bone to pick with 00:13:03.360 --> 00:13:07.837 >> like traditional financial people, including their minions, the analysts, 00:13:07.920 --> 00:13:11.757 some of them, not all, is >> do you know how much money you've robbed 00:13:11.840 --> 00:13:14.477 of people with your views on Palunteer? 00:13:14.560 --> 00:13:17.917 >> Like, you know, it's like they have all these views. There's no downside risk 00:13:18.000 --> 00:13:21.277 for their view. >> At what? It's like it really should be 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 00:13:25.280 --> 00:13:27.917 Palunteer at 12. I and the welder, 00:13:28.000 --> 00:13:30.877 plumber, technician who didn't buy it or 00:13:30.960 --> 00:13:34.157 sold too soon, I owe them money. 00:13:34.240 --> 00:13:35.437 And and by the way, let me tell you 00:13:35.520 --> 00:13:37.517 something about Palanteer that is very 00:13:37.600 --> 00:13:41.517 positive. By my reckoning, Palanteer is 00:13:41.600 --> 00:13:43.997 one, if not one of the very few, if not 00:13:44.080 --> 00:13:47.117 the only where the average American 00:13:47.200 --> 00:13:48.797 bought 00:13:48.880 --> 00:13:51.597 and the average sophisticated American 00:13:51.680 --> 00:13:55.837 sat on the sidelines or sold. Why do what do you think explains that? 00:13:55.920 --> 00:13:57.277 >> Yeah, because the average American was a 00:13:57.360 --> 00:13:59.517 lot smarter than they were and listened 00:13:59.600 --> 00:14:02.877 and was not bigoted like was not was not 00:14:02.960 --> 00:14:07.277 held down by a whole set of training beliefs that were wrong like what does 00:14:07.360 --> 00:14:10.317 it mean to build enterprise? What does it mean to have FDES? What does it mean 00:14:10.400 --> 00:14:13.197 to go to market? What does it mean to get paid? Does your enterprise have to 00:14:13.280 --> 00:14:15.117 be parasitic? Should it be a parasitic? 00:14:15.200 --> 00:14:18.717 Should the host essentially be paying for the privilege of making your company 00:14:18.800 --> 00:14:22.157 larger and getting no value except for a weird feeling that you get from the 00:14:22.240 --> 00:14:25.277 parasite that you're better than you are? It's like essentially replicating 00:14:25.360 --> 00:14:29.197 the whole woke mind virus in the enterprise. You know, they were open. By 00:14:29.280 --> 00:14:33.357 the way, they were also not only they were not bigoted against some obvious 00:14:33.440 --> 00:14:36.717 truths that we've been saying for 20 years with by the way these views when 00:14:36.800 --> 00:14:40.237 they were not popular >> like what Alex >> like America is a better way to organize 00:14:40.320 --> 00:14:43.517 and live than any other place in the world that even though it's better we 00:14:43.600 --> 00:14:46.637 shouldn't be exporting or especially it's better we shouldn't export we don't 00:14:46.720 --> 00:14:48.797 need to export our values abroad we need 00:14:48.880 --> 00:14:51.117 to be strong enough in America so that 00:14:51.200 --> 00:14:54.077 nobody screws with us including my bo my 00:14:54.160 --> 00:14:58.157 views on the border like we should have actual border we should have an actual 00:14:58.240 --> 00:15:00.637 culture We should have meritocracy. We 00:15:00.720 --> 00:15:03.117 should not tolerate discrimination and 00:15:03.200 --> 00:15:07.757 discrimination means against white males or whatever that is. We we should we 00:15:07.840 --> 00:15:10.237 should build the best products. The products are going to have to be much 00:15:10.320 --> 00:15:12.237 better than any other products in the world or they're not going to get 00:15:12.320 --> 00:15:16.477 implemented. Uh I mean all these things we've been saying for 20 years and you 00:15:16.560 --> 00:15:18.957 know what they pissed off a lot of people in the league. You know who they 00:15:19.040 --> 00:15:21.117 didn't piss off? The the the same people 00:15:21.200 --> 00:15:23.677 were also making AI work for the truck 00:15:23.760 --> 00:15:28.157 drivers, the plumbers. I run into people all over America and quite frankly all 00:15:28.240 --> 00:15:31.437 over the world. People who of like normal means who are now rich because of 00:15:31.520 --> 00:15:33.997 Palanteer. You know who's not rich because of Palunteer? The people who 00:15:34.080 --> 00:15:38.557 read the analyst notes and the people who wrote them. And you know what? 00:15:38.640 --> 00:15:42.477 They're also kind of still kind of angry because while they're cruising along in 00:15:42.560 --> 00:15:46.157 their broken down car, the person cruising next to them in their beautiful 00:15:46.240 --> 00:15:49.117 Tesla uh is a is a is an actual worker 00:15:49.200 --> 00:15:53.197 in this providing actual value who may have gotten rich on Palunteer. I want 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 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 00:16:02.320 --> 00:16:04.477 with their thing who's living on the 00:16:04.560 --> 00:16:06.797 drip drip of some highinterest loan 00:16:06.880 --> 00:16:09.997 watching some person who's free American 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 00:16:14.640 --> 00:16:18.157 enough because they didn't probably go to elite school to buy Palunteer shares 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 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. 00:16:24.880 --> 00:16:27.357 It's a biography of you, The Philosopher 00:16:27.440 --> 00:16:31.197 in the Valley. When I read this book, is 00:16:31.280 --> 00:16:34.637 it going to be a fair, balanced portrait 00:16:34.720 --> 00:16:38.797 of Dr. Alex Kark? >> Well, I mean, only be fair and balanced 00:16:38.880 --> 00:16:43.117 if everything was good. Um, no. Uh, look, it's 70% accurate. It's very 00:16:43.200 --> 00:16:45.837 >> What's the 30 that's not? >> Uh, you know, he's got Trump derangement 00:16:45.920 --> 00:16:48.797 syndrome, obviously. >> How does that come out? uh like anything 00:16:48.880 --> 00:16:51.277 that Palanteer's done that it's it's 00:16:51.360 --> 00:16:55.837 basically it's two books. It's one book about my childhood which is a complex 00:16:55.920 --> 00:17:00.397 background and you know came from nothing and highly dyslexic and 00:17:00.480 --> 00:17:03.917 amorphous. is like the whole thing amorphous background a little bit too 00:17:04.000 --> 00:17:06.157 amorphous racially a little too Jewish a 00:17:06.240 --> 00:17:09.517 little too uh very dyslexic uh political 00:17:09.600 --> 00:17:11.677 that part's fascinating it's a little 00:17:11.760 --> 00:17:15.677 hyperbolic but it's like 85 90% true um 00:17:15.760 --> 00:17:19.837 then of course the Trump derangement syndrome you know the fact that you know 00:17:19.920 --> 00:17:21.357 you know President Trump did these 00:17:21.440 --> 00:17:25.197 courageous things in Iran uh you knowh 00:17:25.280 --> 00:17:29.597 and and and closed the border and and pounders played a a role in these things 00:17:29.680 --> 00:17:33.117 obviously not the role that the people did the work or the president, but you 00:17:33.200 --> 00:17:35.277 know that just sets off this mind virus. 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 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 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 00:17:46.320 --> 00:17:48.477 will say oh wow that's really interesting. There's some things about 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 00:17:52.080 --> 00:17:54.957 about me are the in on the inaccurate side and all the things you do are 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 00:17:58.000 --> 00:18:00.957 people will enjoy reading it. Since we're talking politics there, final 00:18:01.040 --> 00:18:04.797 question. How have and we've been talking for a long time, the two of us 00:18:04.880 --> 00:18:09.437 years. How have um how have politics changed in Silicon Valley as you've 00:18:09.520 --> 00:18:11.277 watched it? What's the arc been like? 00:18:11.360 --> 00:18:13.837 And how has that if at all impacted the 00:18:13.920 --> 00:18:18.317 defense tech sector? >> Well, I mean, I'll tell you the thing I 00:18:18.400 --> 00:18:22.317 get in most trouble for in my intellectual circles is the following 00:18:22.400 --> 00:18:27.277 statement. Silicon Valley, like the rest of the world, will listen to you if 00:18:27.360 --> 00:18:30.637 those ideas make you money. Now, of course, you still have to have 00:18:30.720 --> 00:18:33.757 convincing ideas that are true. But if 00:18:33.840 --> 00:18:35.757 those ideas are not tailored to real 00:18:35.840 --> 00:18:38.397 world things that work in the valley, 00:18:38.480 --> 00:18:41.677 quite frankly, is dollars. 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 00:18:46.320 --> 00:18:48.637 intellectual friends, they stop talking to me because they want to believe that 00:18:48.720 --> 00:18:52.397 pure ideas change the world. Pure ideas don't change the world. I'll tell you 00:18:52.480 --> 00:18:55.597 what changes the world. pure ideas backed by the military in this case 00:18:55.680 --> 00:18:58.877 hopefully the US doesn't mean you have to use the military if you're strong 00:18:58.960 --> 00:19:03.437 enough like this is where I'm like a palanteer is not a neocon project our 00:19:03.520 --> 00:19:07.517 project is to make America so strong we never fight that's different than so 00:19:07.600 --> 00:19:11.357 almost strong enough so we always fight right so your ideas get listened to if 00:19:11.440 --> 00:19:14.637 you are dominant on the battlefield and hopefully so dominant you don't have to 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 00:19:17.920 --> 00:19:21.357 with those or if those ideas make someone a lot of money you still have to 00:19:21.440 --> 00:19:24.317 have the ideas in part the intellectuals get so angry. My intellectual friends, 00:19:24.400 --> 00:19:26.877 it's like because they just think they write a book, someone reads and it 00:19:26.960 --> 00:19:30.157 changes the world. Nuh-uh. And like that's not the way intellectual projects 00:19:30.240 --> 00:19:32.077 have ever worked. The ideas have to have 00:19:32.160 --> 00:19:35.117 a real world input. And so the fact that 00:19:35.200 --> 00:19:39.917 Palunteer is that whatever we're at, this changes the valley because not only 00:19:40.000 --> 00:19:44.157 was the patriotism right, but the patriotism make you rich. And that's 00:19:44.240 --> 00:19:47.837 what that that impact on the valley is going to be very long lasting. Uh and 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 00:19:51.120 --> 00:19:54.237 right from the beginning. It was been right since the history of our country 00:19:54.320 --> 00:19:58.957 that our way of organizing especially our constitution is superior certainly 00:19:59.040 --> 00:20:01.677 super superior for Americans again superior for us doesn't mean we export 00:20:01.760 --> 00:20:03.357 it to everyone in the world but superior 00:20:03.440 --> 00:20:07.357 for us since conception and uh and uh 00:20:07.440 --> 00:20:11.677 but you what to make people listen up in 00:20:11.760 --> 00:20:15.677 their seats you need to be dominant on the military and dominant on the economy 00:20:15.760 --> 00:20:20.237 and Palunteer plays a really but for role in the both of those areas and 00:20:20.320 --> 00:20:23.117 that's something that I'm proud of because not just because of the impact 00:20:23.200 --> 00:20:27.437 but because the like the way in which it reverberates both in Silicon Valley and 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 00:20:31.200 --> 00:20:32.637 the things that's in the biography is 00:20:32.720 --> 00:20:35.677 you read where I came from read that 00:20:35.760 --> 00:20:39.277 like there's no reason you can't advance 00:20:39.360 --> 00:20:43.277 in this society and that's an important lesson for everybody especially outside 00:20:43.360 --> 00:20:45.920 the house.