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Well, we are joined by Alex Karp.

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Welcome to the show. [screaming] Thank you
so much for taking the time. Uh you guys

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>> with or without hat? >> Uh whatever's
comfortable for you. You can do hat.

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>> out here. >> Is it cold on this cold >>
is an average day for you. You're always

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out skiing. You're you're cold.

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>> We should have done the Yeah, we need
to get We're close to getting skis. Look.

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>> we could we Well, you know,
we are supposed to do something physical.

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>> It's starting to stare.
It's starting to stare.

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>> to >> Oh, I like this.
But I Now I feel like a

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newscaster. I feel important.
Yeah, this is good.

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>> You're like 8 ft tall.
>> You don't realize [laughter] that.

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>> Yeah, yeah, yeah. He's not standing
up because it would be like he's like

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counteracting for all of us.
>> It's like he's like 8 ft.

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>> Last time we talked to you, I think
you were doing 4 minutes on the dead hang.

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What's it up to now? >> 5:05 >> 5:05
>> 5:05. What about in the cold, though?

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That's going to affect you, right?

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>> We need to have a special minute for
that. 5:05. For those of you who haven't

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done a dead hang, first of all, go do it.

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>> Why is it important? >> Um well,
there there are very few things

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that are proxy indicators that are
accurate for health. It's like dead

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hang, farmer's walk, body weight,
and VO2 are the three ones that count.

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>> Okay. >> I don't think anyone really
>> one rep max bench bench press? That's

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all I focus on. >> Okay,
well, you know, it's like

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>> I feel like I feel like as long as I
have a really impressive bench press,

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I'll I'll live a short but glorious life.

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>> Yeah, I don't know.
>> Didn't they say something like that?

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Yeah, they >> Who wants
to live a long glorious life

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when you can live a glorious short life?

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>> Yeah, I think that's what they tell
you before they give you a bad salary and

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something like that. >> [laughter] >>
I think I think it's like yeah, it's or

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it's like yeah, my social life is so
great I only have a bot, but I enjoy it.

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>> Yeah, so >> A kind of logic. No,
but No, it's um >> Dead hang's important.

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>> Dead hang is crucial. And you really
need to go work on it. Especially anyone

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watching your podcast >> Yes.
>> is likely to outperform.

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>> Yeah. >> You want to have
some You know, you want

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to be able to do something
with that outperformance.

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>> Yeah, like dead hang.
>> Like Yeah, well, the dead hang may be a

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proxy indicator for other things you could
do with your outperformance, you know.

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>> And you know, >> Not
everyone is Yeah, not everyone is

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like 6 ft 9 and like You may not
need a dead hang, but the rest of us

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>> Well, I can cheat because most of the
pull-up bars I just stand on the floor.

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>> that's right. Yeah.
>> And I can hold forever because

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>> forever. Yeah,
that's right. That's right.

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>> Um but it But when you're not dead
hanging, uh what should people be doing

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with uh the new coding agents?
How important is it to learn to code? How

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important is it to >> Look,
there there are two Everybody's

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worried about like their future, but there
are basically two ways to know you

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have a future. One,
you have some vocational training.

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>> Okay. >> So, it's like or two, you're
neurodivergent and And I And when I say

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neurodivergent, I mean broadly defined.

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Like You guys are sitting here.
You could have had a corporate tool job.

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>> Yeah. >> You could have
been like I don't want to

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pick on Goldman, but like
just say, you know, like a job

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>> know why they're they're laying me off.

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>> Well, yeah. >> I I I I I
I I did work at Goldman Sachs.

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>> Whatever. >> [laughter] >> You
could have had You could have had a

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job where you're like a coder.

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It's like yeah, no, actually maybe
they didn't know the right way to test.

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>> Yeah. >> Like it's like yeah, they were
like like, you know, and whatever. I'm not

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picking on one or the other.
I'm just saying you you you know, the like

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you were probably here. You think you're
here because of the da da da, but it's

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actually you probably wouldn't have
been able to do that cuz there's like

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It's the same thing as Sit down
in class and learn some >> Mhm.

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>> Like and you just regurgitate it.

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>> Mhm.

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>> Like that's not
a valuable thing. If you

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are actually have insights into anything
and you have real technical expertise,

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like you know, you can look at a company,
but you actually can look at it

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because you know something about how
these things work or something about how

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clients work. You know, then all
the other stuff that used to be precious,

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like being able to do low-end coding,
being able to do low-end lowering, being

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able to do low-end reading and writing.

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I mean, you got This is like I feel like
Odin came down and was like, "I'm going

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to make the world just
right for a dyslexic."

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>> [laughter] >> It's like
Yeah, I Odin has come down

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from or Loki has come down and said,
"You know what, Carp? You suffered so

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much as a kid. I'm just going to make
the whole world so everyone else can

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suffer. I don't want that. It's like now,
but it's really an inversion. Like

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everybody with like the normal shaped
skulls are dyslexics cuz like the

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meaning the thing they can do that used
to be valuable is not so valuable. The

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thing that they need to learn to do
is like be more of an artist, look at

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things from a different direction,
be able to build something unique.

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>> Mhm. >> And then you see this on
the battlefield like and one of the most

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underappreciated things about fighting
a war, which is the I mean there are basic

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core things civilizations do. Like build

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technology for war. Is every society

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fights differently. Every component
of this society fights differently. And

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when like American as allies that we do
not even approach these problems in the

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same way. What it makes America lethal
it more so than any currently country is

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like a combination of obviously the
technology, which we're super interested

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in and and and believe are paying a huge
part in. Um but it's like 20 years of

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like operators figuring
out what worked, what

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not what worked in a manual. Like what
worked in reality. Also, even selection.

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If you look at the selection of people
like you meet like tier one operators

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they don't look anything like what
people would think. It's not like the

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movies. They're like these like these
like this big and like you know, it's

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like because we have Yeah,
we have we have we have

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specialized ways of doing that. All that

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is crazy valuable.
A- as a proxy indicator people who are

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getting their news from you are just
likely to massively outperform people

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are getting their news from something
that's a regurgitation of you got to

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vote for one party or the other. Um

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and then the the real problem we have
in society is not your listeners or

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Palantir's customers or our partners.

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It's like well, what happens to everyone
else? Are they going to lynch us? Cuz

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like that's the real problem. Like these

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products like what we're building like

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our our our our agents mean that like

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the most I mean the most powerful
people in the Democratic Party are highly

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educated female voters. And these
technologies, like they love they I mean

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like yeah, I actually get along with all
these people in private and this is a

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public dispute, but like largely I've
talked to Daria over and over and it's

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like, "Yeah, you love one company
cuz they they're not pro-Trump. That

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company's taking your job." >> Mhm.

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>> How are you going to feel about that
company when you find that you have no

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job? >> Mhm. >> And how what
what What do you think the

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Republican Party's going to do
to products that do not support our

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military? What do you think
the Democratic Party's going to do to

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products, even if you're voting for them,
that are taking away the jobs of

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every one of your constituents and saying,
"Oh, people are going to love

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you so much and you're going to be poor."

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>> Mhm. >> By the way,
we love you so much we're

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going to give you a little
handout once a month.

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>> Yeah. >> Like yeah.
>> So apply that to the the the

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SaaS-pocalypse narrative. The enterprise

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SaaS, there's an idea that uh the first

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jobs that will be taken might be the

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enterprise software products that exist,
haven't really innovated, have lock-in,

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and they're going to be re-platformed.

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>> Uh if you the the the thing that these
technologies do is they also make it

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harder to lie about This is what
part of the political realm

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If something's not creating value
or something's not working or there's

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corruption, you can't lie about it. And

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nobody believes that all software

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companies actually create value. I mean,
the famous thing that we all learned was

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what that we rejected that you were
learned and people taught you is like,

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"Your software company is supposed
to give the client the feeling they're

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getting laid while
they're getting fucked."

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>> Yeah. >> Now, if that's
how your products actually are,

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you argue Now, it's you who are
going to get Like and this is going to

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happen so quickly. And the simple test

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for people who are looking at this is
does this product or in our case, we

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were never pure software. We're actually

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like a hybrid of like humans, FTEs,

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augmented humans, so AI FTEs, and then

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orchestration, and then and essentially
what we would call primitives, like

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taking the tribal knowledge
of institution, coding it into logic, and

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then using that to be extended in LLMs.

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Okay. But we don't have
to explain that to our clients.

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>> Yeah. >> You know. >> So so
so there's there was always this

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always Palantir consulting firm.
Is it all just people? Is there any real

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software? I feel like
that narrative went away.

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>> Oh, no no. They they they couldn't
invest in us cuz we were a services

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>> Yeah, exactly.
>> And now now it's like and now

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>> But but but is is is actually having
that service capability better in the

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future? >> it's not better.
It's >> crucial. It's cru

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>> It's crucial. Like all these
places that made fun of us >> Yes.

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>> they're running
around and trying to get

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FTEs. Getting an FTE is like yeah, it's
like yeah, it's not as easy as it sounds

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cuz you have to know how to manage it,
where to put the person, how to extract

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value. And then you need all these
products that augment the FTE. All

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right, what are those products?

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Ontology, Foundry,
FTE things that we've built.

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>> Yeah. >> What we the being able
to >> the value of the business is not a

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monolithic code base that never changes.

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It is the people. It is the deployment.

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It is the relationships. Is that how
you're thinking about the business these

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days? >> Well, actually, the way I I'm
telling you like when you walk around here

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>> Yeah. >> they only care they
don't care about any of that.

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>> Yeah. >> What they care
about is you transform my

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business in in 3 months. It would have
taken 3 years and I would never have

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happened. >> Yeah. >> That's
what they care about. Now then

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there's a question of how do you do

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that? And that is a that is a concatena-

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It's artistry. It's like select client,

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select where you would start, select
ways in which you innovate in ways they

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would not accept, innovate in places they
do not understand. You should innovate.

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Learn to manage these very complex
By the way, it's not just culturally

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complex. It's tribal knowledge. And much

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of that tribal knowledge is in rules
that they have to apply because there

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all sorts of rules about
manufacturing, hospitals, war,

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rules that are applied that they're not

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saying they apply, laws, like all sorts

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of regulat- regulatory things on top of

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all that. All that has to happen very
rapidly. So, you would need and like

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without going into details like I'm
in the middle of like every single one of

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these discussions in almost every
breakdown it's like people do not

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understand how institutions work. They
don't understand how the software would

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work. They don't know how the LM would
work. They don't know how the product

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that would actually work in that
environment and they still at the end of

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the day are not saying we're
going to charge on value.

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>> Okay, how do you institutions work? Why

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is it that we get these genius
models that are 160 IQ? They can solve

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incredible math and they're not just
like everywhere all of the time. What is

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slowing down adoption?
>> mean the simple version is they're 160

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against a test. But the test isn't it's

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a concatenation. The simple math would

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be it's 160 on one test but you've got

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to pass differentiated tests over a long
period of time. So, it's a thousand tests.

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>> Yeah. >> So, de facto
by the 50th step it's zero

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IQ. But then there's also there's also

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yeah, I mean it's like it's it's it's
insane. Like no I love when I hear about

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all this is going to replace and then I
go to our clients and they're like could

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we have more? We don't even have the
capacity. Like it's like it's a surreal

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thing. Like would you guys like [laughter]
to be FTEs cuz we need some help.

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If you're in the audience completely
seriously and you're aligned broadly

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speaking with America is a great country.
You don't have to agree about

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anything else and you're out there
and you're technical or just smart. Apply.

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We need you. >> Okay,
America is a great country. Put

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aside Democrat. Put aside Republican. Is

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democracy the correct formulation to

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decide the future of AI? Should the

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American people be voting or should that

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be handled by private companies?

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>> No, America well, it depends. Like

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like yeah, great. So, in the war

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fighting context the Department
of War has to be the

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arbiter of what gets deployed.

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>> As a citizen I vote
for the Department of War, right?

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>> Exactly, yeah. Now, okay but but I'm
just saying. So, I I want to split >> Yes.

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>> and and foreign. >> Okay.
>> We in this country have God-given

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rights, literally given to us
by higher being. There's a right of free

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expression, which >> Mhm.
>> we're exercising all the time, and is a

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very important to us. >> Mhm.
>> There's a Second Amendment, which I

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exercise. I I shoot very well.

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>> Yeah. >> I would encourage you guys and
other people that are listening to avail

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yourself of the Second Amendment.

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>> Yes. >> Uh it was not
It is there to protect

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ourselves in case
the First Amendment fails.

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>> Mhm. >> That's the reason
it's there. There's a

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a Fourth Amendment, which is essentially
we have a right to privacy. Okay.

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>> We have those rights. >> Mhm.

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>> Adversaries trying to kill us
in Iran do not have those rights.

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>> Sure. >> And I don't
believe I've never believed

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in extending our rights to foreign
countries that are adversarial to us.

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>> Mhm. >> I don't even really believe I
don't like, you know, in Germany, >> Mhm.

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>> where I lived half my life,
they don't have a First Amendment.

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>> Mhm. >> They don't believe it. And by
the way, they've never believed in a First

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Amendment. They have other rights.

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>> That's great. >> I'm not going to
dispute that, but I want our rights here.

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>> Mhm. >> In this country,

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uh if you're going to tell the American
people you're building what is clearly a

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dangerous technology. It's dangerous
because it it will likely take your job,

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>> Mhm. >> it especially
if you're white-collar.

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So, >> Mhm. >> if you're voting,
you know, you're highly educated

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>> Have you flipped on that in the last
like 6 months or so because I think

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>> [clears throat] >> I think
the last time we talked, your

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general mindset was like high agency

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highly productive people will be able
to continue to leverage the tools to

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deliver value within organizations.

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>> Yeah, I think if you're neurodivergent
and high agency and you're highly

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educated, that's great. But, if you're
not neurodivergent and you're like

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lawyer 14506, that's a problem.

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>> Mhm. >> Okay. But,
let me get to this and

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they're they're linked, but it's okay.

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On domestic stuff, uh

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I we have rights that are not

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subject to majority rule. Like I the

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majority can vote against us having
Fourth Amendment rights. I want that I

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want that litigated at the Supreme Court
because I we are not our Constitution is

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not about majority rights. Actually
about the rights of the minority and

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it's our right all I bet you the three
of us have opinions that are very much

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in the minority that we want to be able
to say at least in the privacy of our

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own home, right? And so so that there
are real issues. I'm super sympathetic

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with restrictions around the use of these

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products in a domestic context even
though it's funny people out there every

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conspiracy theorist thinks yeah,
it's insane. I'm the only one

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conspiracy theorist you may hate this
but there's one person protecting your

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rights to be a conspiracy theorist
that actually has a seat at the table and

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that person is me.
You may not you may not want to hear

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that truth but it's it is true
and maybe do a little more reading

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before you pontificate on your absurd

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and obviously ill-informed and many
times stupid opinions. Okay, so cuz like

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you're attacking the person who's

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protecting you idiot.

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It's like so stupid. Do do use

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one of the bots to correct your opinion.

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It's like I'm being attacked online now.

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It's like Dr. Karp is anti progressive
first of all because of my whole life.

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I'm the only one just telling you
the truth. These things are going to take

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your job. Okay, so then
but in the war fighting context

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and it's the primary justification
for these products has to be it's it's

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they're two relevant
powers now us and China.

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This is a have have not world.
It's going to be either us or them it's

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basically deciding the world order
because like these other countries and

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maybe India will will will get involved
maybe the Arab non-Arab Middle East but

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currently on the trajectory we're on now
there are two places where these things

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are being developed and deployed it's
us or them and I'm not particularly you

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know, I'm not I'm not out to hurt China.

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I'm just out to I think we we win.

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>> Yeah. I'm not trying to hurt them. And

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in that context, you can't say
we're not going to do X, Y, and Z.

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I mean, I can give you
examples, but like >> Sure.

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>> there are data sets that are
publicly available in the US market

295
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that should I don't think should be
used against you and me in a law for law

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enforcement context more than with
the help of say AI agents and ontology.

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>> Yeah. >> But if you don't use it on the
battlefield, you obviously Iran's going

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to use them. You don't think they can
go online and buy those products? And And

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by the way, without going into somewhat
classified data, those things are in

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combination with other things lethal.

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Like a lot of people who want to hurt
America on the battlefield end up dead

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because of our ability to aggregate
and then figure out what's going on in the

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battlefield before they can
figure out what we're doing.

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And so like I'm very much in favor of it
for moral reasons, but I'm also in favor

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of it like I don't know how else you
explain this to the American people.

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We're We're going to take your job.

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We're going to take away your going
to eviscerate your ability to to to have

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money and power. But that we're not
going to defend you on the battlefield

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just seems like yeah, well, they're
going to You know what's actually going

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to happen? That nobody
believes me in tech, but

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00:16:27,760 --> 00:16:30,557
there's going to be a movement in this
country that becomes very strong very

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quickly to nationalize these things.

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First, it's going to be take away all
our money the bill the billionaires that

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are evil. You may not have heard that.

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Super evil. And if you take away their
money, it'll help poor people. That's

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00:16:40,320 --> 00:16:43,957
really important to understand. Making
rich people miserable is the only way to

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00:16:44,040 --> 00:16:45,997
help poor people. That's obviously true.

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So once you've learned that, the next
thing you're going to learn is we have

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to nationalize the >> They're going
to They're going to quote you on that.

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>> Yeah. Well, >> [laughter] >> it's like
>> They've quoted you on on Well, so so I

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00:16:55,600 --> 00:16:58,757
mean, it sounds like you're you're
you're closer to Dario on, you know,

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00:16:58,840 --> 00:17:03,157
potentially 50% of early stage
white-collar job loss. Like you're

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00:17:03,240 --> 00:17:06,797
you're you're aware that there's a risk
at least a probability. You're aware of

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it. Well, what do you see as the solution?

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>> Um well, first we just have to I mean,
well, I mean, the obvious thing is okay,

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we can't have any migration here.
Like how are we going to more jobs? Like,

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00:17:18,240 --> 00:17:22,237
it's like you have to What the problem
in fairness not that people want to be

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00:17:22,320 --> 00:17:25,357
in the business of being
fair to policy leaders, but

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that we are dealing with technologies
that will determine the policy

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decisions. So, you can't just pretend

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they're not happening. Like, step one is

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like the we it's going to be hard and

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00:17:36,520 --> 00:17:41,117
but possible to make
this society work given that

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00:17:41,200 --> 00:17:44,397
transforming it requires these
technologies. Like, all the like I

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00:17:44,480 --> 00:17:45,637
really like the people who are here.

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They're not here cuz they like me.

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00:17:47,760 --> 00:17:49,637
Like, maybe they're here for my jokes.

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High quality in some cases. But, it's
like a long trip and we're here and then

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00:17:53,360 --> 00:17:54,597
I'm the only one who likes this weather.

340
00:17:54,680 --> 00:17:58,157
It's great weather. I brought it
for you. It's >> [laughter] >> but

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00:17:58,240 --> 00:18:02,117
they're here because they've seen their
business being transformed. And this is

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happening in America more than it.
So, we have to win those battles, but the

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costs are going to be very high. And so,
you have to work back from Okay, the

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00:18:10,360 --> 00:18:14,957
costs are going to be very high. We we
can't put oil on the fire. It's like,

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00:18:15,040 --> 00:18:18,717
you know, it's like, well, getting jobs
for all Americans is going to be hard

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00:18:18,800 --> 00:18:22,317
and people maybe who become Americans,
but it's like you have to have different

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00:18:22,400 --> 00:18:25,477
policies around migration. You have
to different policies around how we train

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00:18:25,560 --> 00:18:29,557
people. Like, currently, if you're
a young kid in high school and you're

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00:18:29,640 --> 00:18:33,277
neurodivergent, they're literally track
chaining into your chair and feeding you

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medication so you can have
skills that are not valuable.

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00:18:36,360 --> 00:18:40,317
Like, it's so it's like and then we'll
probably over time have to have like a

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00:18:40,400 --> 00:18:44,317
discussion of like, yeah,
if you go into this career

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00:18:44,400 --> 00:18:48,117
you're not going to have a job. Like,
a really honest discussion about that.

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These are the places where
you are likely have a job.

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00:18:51,440 --> 00:18:54,517
And yeah. >> Help me you know,

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00:18:54,600 --> 00:18:57,037
it seems like we

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as a country will probably head down a

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00:19:00,160 --> 00:19:03,597
more European path where it is becomes

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00:19:03,680 --> 00:19:07,357
very very difficult or near impossible
to let people go. Do you think that's

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00:19:07,440 --> 00:19:12,757
correct? I mean, in Germany, in Germany,
it's much harder to to lay someone off.

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And and that does impact I mean that does
impact the the growth of of companies.

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00:19:18,600 --> 00:19:22,157
>> Mhm. >> But I think many
Germans would argue that's probably

363
00:19:22,240 --> 00:19:25,157
>> Yeah, you know, Germany's I mean I
won't I'll I'll answer your question.

364
00:19:25,240 --> 00:19:29,637
Germany's an interesting place. I did this
thing in German where I basically told the

365
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truth which you're not allowed
to do in German. It was like

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00:19:33,040 --> 00:19:36,557
you know, it's kind of really bad
situation and the economy sucks. The

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00:19:36,640 --> 00:19:41,197
migration thing's a complete disaster
and the energy situation is like

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compounds everything and I got
thousands of people literally

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saying thank god someone told the truth.

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Um and there are a lot of people like
you guys, young people building things

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00:19:52,360 --> 00:19:55,917
that feel hampered and and and
are correct to feel hampered.

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I I think the American version if
we're not careful is not going to be the

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German version. I think it's
going to be hang the rich.

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00:20:02,080 --> 00:20:05,557
I I it's like I think it's going to be
not protect everybody else. It's going

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00:20:05,640 --> 00:20:08,277
to be like, "Oh look, this is too
dangerous and we're going to hang the

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00:20:08,360 --> 00:20:12,517
rich but not really help the poor." And
this in fairness to the German version,

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00:20:12,600 --> 00:20:16,557
like, you know, German like health
insurance insurance all that stuff it

378
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works. Like I was I was poor in Germany
for like a decade. And like I had I had

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00:20:21,280 --> 00:20:25,157
the best life on the planet. Like it was
like being poor in Germany is like being

380
00:20:25,240 --> 00:20:27,637
better than being rich
here in some in some days.

381
00:20:27,720 --> 00:20:31,877
>> So basically policies that lift
the floor, re-education, training.

382
00:20:31,960 --> 00:20:36,197
>> you're So if you want to do what we
could do here, we the things we could

383
00:20:36,280 --> 00:20:39,197
adopt from Germany are
Germany has three high schools.

384
00:20:39,280 --> 00:20:40,317
>> Yeah. >> Two are vocational.

385
00:20:40,400 --> 00:20:42,877
>> Sure. >> One is academic.
>> Better education.

386
00:20:42,960 --> 00:20:45,437
>> Better programmatic vocational a

387
00:20:45,520 --> 00:20:50,197
vocational it also has a bad like
a weird vibe here. Like vocational

388
00:20:50,280 --> 00:20:52,277
training in Germany is very technical.

389
00:20:52,360 --> 00:20:56,797
Like the people building the cars at BMW
or even in the French version Airbus,

390
00:20:56,880 --> 00:21:00,757
like very complicated jobs. They didn't
go to college. They went to a very very

391
00:21:00,840 --> 00:21:04,197
high-end high school and they come
out without any debt. And that stuff is

392
00:21:04,280 --> 00:21:08,077
really valuable. So if you want to you
you have to completely transform our

393
00:21:08,160 --> 00:21:12,717
educational system and and go very young
into like training people to do things.

394
00:21:12,800 --> 00:21:16,277
You also need to change our testing
system. Like different forms of

395
00:21:16,360 --> 00:21:19,357
intelligence are all of our tests
are built around things that are were

396
00:21:19,440 --> 00:21:21,157
valuable in the Industrial Revolution.

397
00:21:21,240 --> 00:21:24,397
It's like you want to pull out all
the dyslexics, all the neurodivergents,

398
00:21:24,480 --> 00:21:28,157
everybody who can't sit or needs
to build or wants to build have to go into

399
00:21:28,240 --> 00:21:31,437
a a separate slot of like, yeah,
we should have gotten you before you got

400
00:21:31,520 --> 00:21:34,437
turned out of Goldman and like said,
"Dude, this is like that's a waste of

401
00:21:34,520 --> 00:21:38,797
your time. You could be building something
important." And uh >> What else goes

402
00:21:38,880 --> 00:21:41,157
would be a part of the good outcome?

403
00:21:41,240 --> 00:21:45,677
>> Well, the the the most important
part of a good outcome is we show our

404
00:21:45,760 --> 00:21:49,357
adversaries you can't with us and we're
the best we're the best military

405
00:21:49,440 --> 00:21:52,157
in the world.
Hope I believe we're doing that right

406
00:21:52,240 --> 00:21:56,837
now. On the good outcome side, we yeah,
we go around and then on the commercial

407
00:21:56,920 --> 00:22:00,397
side, we go to all these high
infrastructure, you know, hospitals,

408
00:22:00,480 --> 00:22:04,237
manufacturing, all these things
complicated infrastructure and we AI

409
00:22:04,320 --> 00:22:07,477
enhanced all of them so the prox are
legitimately the best in the world and

410
00:22:07,560 --> 00:22:10,877
we rebuild manufacturing in this country.
Like a big problem for us

411
00:22:10,960 --> 00:22:14,037
including on the battlefield is our
manufacturing just is not up to where we

412
00:22:14,120 --> 00:22:18,717
have to be.
And that by the way requires reskilling

413
00:22:18,800 --> 00:22:22,477
scaling humans and we're doing this all
over the place. I mean, the guy writing

414
00:22:22,560 --> 00:22:25,357
a lot of the scripts for the target
these people. They're like high school

415
00:22:25,440 --> 00:22:28,477
college grads, the people building
batteries and all these things using our

416
00:22:28,560 --> 00:22:31,717
products. These are high school college
grads. There's a lot of opportunity

417
00:22:31,800 --> 00:22:35,397
there. But, you know, one of the things
I told the Germans and I would say to us

418
00:22:35,480 --> 00:22:37,357
is we I was like you know, in Germany

419
00:22:37,440 --> 00:22:39,397
you have to call it a crisis. We do need

420
00:22:39,480 --> 00:22:44,397
like this is a crisis moment. America is
in tomorrow is not going to look like it

421
00:22:44,480 --> 00:22:48,757
looked at all or we're going to have
radicalism on right or left. The the the

422
00:22:48,840 --> 00:22:52,357
problem the danger is if we don't do
these reforms you are going to get the

423
00:22:52,440 --> 00:22:55,717
pitchforks because that then the only
solution people are going to have is

424
00:22:55,800 --> 00:22:59,437
well, you know, let's go after the
unlikable rich people in tech especially

425
00:22:59,520 --> 00:23:02,517
AI tech. And then but but then what can

426
00:23:02,600 --> 00:23:04,397
work is you have close the borders, keep

427
00:23:04,480 --> 00:23:07,597
them closed, start doing huge vocational

428
00:23:07,680 --> 00:23:10,037
efforts, change how we test aptitude.

429
00:23:10,120 --> 00:23:14,117
Like so we have an accurate diagnostic
of where you could be slotted. Uh be

430
00:23:14,200 --> 00:23:18,197
ruthless and like, you know, it's it's
like in in certain find out new ways to

431
00:23:18,280 --> 00:23:21,997
test and do ruthless testing and slotting.
And then also go around to

432
00:23:22,080 --> 00:23:25,197
universities and just I mean, you know
how when you like you want to smoke a

433
00:23:25,280 --> 00:23:28,117
cigarette, it's like this this cigarette
may be harmful to you. Maybe we should

434
00:23:28,200 --> 00:23:32,117
be putting that in universities.
This university This This university

435
00:23:32,200 --> 00:23:35,197
[laughter] is harmful for your investment.
You know, I'm libertarian.

436
00:23:35,280 --> 00:23:38,667
>> This This student debt may be
harmful to your future financial health.

437
00:23:38,750 --> 00:23:41,037
>> [laughter] >> for your and
your personal life. Explain

438
00:23:41,120 --> 00:23:45,277
to somebody you got a million dollars
in debt. Yeah, million dollars in debt. I

439
00:23:45,360 --> 00:23:47,477
mean, maybe if you're
6'9 and you >> [laughter]

440
00:23:47,560 --> 00:23:50,597
>> you can get away with that,
but the rest of us have to provide.

441
00:23:50,680 --> 00:23:54,837
>> That's funny. Uh help me square
this idea. You you were you were talking

442
00:23:54,920 --> 00:23:56,957
earlier today about people

443
00:23:57,040 --> 00:23:59,917
misunderstanding your business. And yet

444
00:24:00,000 --> 00:24:03,997
>> to read about your business? [snorts]
>> Oh, I mean, first of all, it's Oh, I

445
00:24:04,080 --> 00:24:06,197
mean, the part I used I I hated but then

446
00:24:06,280 --> 00:24:08,037
the part I love is

447
00:24:08,120 --> 00:24:11,197
and it's like your valuable

448
00:24:11,280 --> 00:24:15,437
your your value is pretty directly con-

449
00:24:15,520 --> 00:24:18,677
convergent with people's inability
to understand what you're doing.

450
00:24:18,760 --> 00:24:22,277
>> Yeah. >> So it's like it's like
all these technologies are potentially

451
00:24:22,360 --> 00:24:23,957
commodifying everything. >> Yeah.

452
00:24:24,040 --> 00:24:27,157
>> Okay. So, if you
are a business that is,

453
00:24:27,240 --> 00:24:29,557
you know, not services, not product, but

454
00:24:29,640 --> 00:24:32,117
both, but also works on tribal knowledge

455
00:24:32,200 --> 00:24:37,317
on data. And every single business you
make is individual. And so, yeah, that's

456
00:24:37,400 --> 00:24:41,237
a crazy valuable business. >> a lot
of industries where if the broader

457
00:24:41,320 --> 00:24:45,197
business community doesn't understand
your business, you might have a short

458
00:24:45,280 --> 00:24:47,917
report, but you'll have a way less
competition because people aren't

459
00:24:48,000 --> 00:24:49,837
copying you because they
don't understand the playbook.

460
00:24:49,920 --> 00:24:54,997
>> to copy certain like like in in in we
we neglect this. Like, you know, um

461
00:24:55,080 --> 00:24:58,437
almost like uh you even see it
culturally luxury products dominated by

462
00:24:58,520 --> 00:25:02,157
the French, watches dominated by the
Swiss, currently certain kinds of war

463
00:25:02,240 --> 00:25:05,997
fighting dominated by America. And it's
like it's it's very hard for people to

464
00:25:06,080 --> 00:25:07,837
eviscerate these cultural advantages.

465
00:25:07,920 --> 00:25:12,277
And our products augment that, which
makes it uh you know, augments the the

466
00:25:12,360 --> 00:25:17,477
differentiated specific over the
generalizable. And and and that's where

467
00:25:17,560 --> 00:25:18,837
literally all the value's going to go.

468
00:25:18,920 --> 00:25:20,437
And it's going to be like a waterfall.

469
00:25:20,520 --> 00:25:23,277
And that that's the problem with a lot
of software companies that's like it's

470
00:25:23,360 --> 00:25:28,677
like product ABC-T. But um but but
then when you read it, it's like

471
00:25:28,760 --> 00:25:31,757
uh like one of the more depressing
things that you guys probably confront,

472
00:25:31,840 --> 00:25:35,197
but it's like a market market huge
market opportunity for you is like where

473
00:25:35,280 --> 00:25:39,157
are the experts? Like it's like you
know, it's like there's it's like

474
00:25:39,240 --> 00:25:42,037
you know, you you hope and pray like
I'll tell you the funniest thing about

475
00:25:42,120 --> 00:25:46,037
my life now and people internally
know almost every day I'm like, "Wait a

476
00:25:46,120 --> 00:25:49,007
minute. I'm the adult in the room here?"

477
00:25:49,090 --> 00:25:51,917
>> [laughter] >> It's like
everywhere I go, it's like

478
00:25:52,000 --> 00:25:54,477
it's like, "Wait a minute. I uh like I

479
00:25:54,560 --> 00:25:59,237
and it's like there it it's like and and
it speaks so it's it's surreal when you

480
00:25:59,320 --> 00:26:02,917
read about these things, but and it it
used to really frustrate me, but now I

481
00:26:03,000 --> 00:26:06,037
kind of just think, "Well,
like I can't believe we're still viewed

482
00:26:06,120 --> 00:26:08,837
as crazy." It's like everything we're
doing is the only thing that's working.

483
00:26:08,920 --> 00:26:11,197
I mean, like I don't want to like spend

484
00:26:11,280 --> 00:26:16,157
a lot of time on our ball our essential
essentially ball our numbers from last

485
00:26:16,240 --> 00:26:18,997
year, but it's like you know,

486
00:26:19,080 --> 00:26:24,157
clearly our works.
Clearly nothing is working at that level.

487
00:26:24,240 --> 00:26:26,957
And you would think they would take
like I don't know, 10 minutes to think,

488
00:26:27,040 --> 00:26:29,957
"Okay, well, the thing I believed and I
thought would work didn't work at all.

489
00:26:30,040 --> 00:26:33,557
But this thing I thought was insane
is guys [clears throat] like a rule of 127

490
00:26:33,640 --> 00:26:38,517
when like no one like 40 is considered
like and like but they don't and and and

491
00:26:38,600 --> 00:26:42,277
and and and I yeah, but it it's
sometimes frustrating honestly. And the

492
00:26:42,360 --> 00:26:47,157
hard part actually is I kind
of view it as a feature. Uh

493
00:26:47,240 --> 00:26:50,437
internally we get these bright-eyed kids.
It's so it's so funny. I mean,

494
00:26:50,520 --> 00:26:52,717
they one of the get
the best people in the world.

495
00:26:52,800 --> 00:26:54,877
>> Mhm. >> But you know,
just like I was probably

496
00:26:54,960 --> 00:27:00,117
at 21, they're very romantic. It's like,
but why does the adult not understand

497
00:27:00,200 --> 00:27:03,637
this? It's like,
but but but the adult expert

498
00:27:03,720 --> 00:27:06,557
tells me it's like, I don't know when
you guys had to drop the shoe moment

499
00:27:06,640 --> 00:27:10,887
when you realized that like the adults
are like, you know, on crack or something.

500
00:27:10,970 --> 00:27:14,877
>> [laughter] >> Like,
it's >> Okay. Uh last question.

501
00:27:14,960 --> 00:27:16,997
Would you rather have $10 million

502
00:27:17,080 --> 00:27:19,957
or access to chat GPT in 2012? It's a

503
00:27:20,040 --> 00:27:24,680
viral question.
It's going viral right now.

504
00:27:25,380 --> 00:27:27,437
>> [laughter] >> I have
to choose one or the other. I

505
00:27:27,520 --> 00:27:30,537
mean, okay. I'm just I don't think
it needs >> I don't think it needs

506
00:27:30,620 --> 00:27:32,517
>> [laughter] >> 10 million. >> I
don't think it needs 10 million. Can I

507
00:27:32,600 --> 00:27:34,717
Can I have my social life in grad school?

508
00:27:34,800 --> 00:27:36,557
>> There we go. [laughter] Okay.
So that's your pick.

509
00:27:36,640 --> 00:27:38,317
>> How about How about your new pick?

510
00:27:38,400 --> 00:27:39,597
>> We just have to ask you the question.

511
00:27:39,680 --> 00:27:42,597
>> you know, it's like, great. I'm going
to I'm going to take something I valued.

512
00:27:42,680 --> 00:27:44,637
>> Oh, okay. >> Yeah.
>> The most valuable thing.

513
00:27:44,720 --> 00:27:45,837
>> Yeah. Your social life in grad school.

514
00:27:45,920 --> 00:27:48,197
Well, thank you so much for taking
the time to come chat with us. It's

515
00:27:48,280 --> 00:27:51,037
fantastic. Great to have you.
We'll see you soon.

516
00:27:51,120 --> 00:27:54,317
>> Vampire Dracula here. If you found
value in this video, please smash the like

517
00:27:54,400 --> 00:27:57,477
button. Let me know your favorite part
of the video by commenting below. And

518
00:27:57,560 --> 00:27:58,837
most importantly, don't forget to

519
00:27:58,920 --> 00:28:05,000
subscribe and ding that bell.
Until next time, keep it real.
