WEBVTT 00:00:00.430 --> 00:00:02.887 W EXCLUSIVELY AT THE TABLE, ALEX KARP, PALANTIR'S CO-FOUNDER AND 00:00:02.970 --> 00:00:04.817 CEO. AND CNBC'S SEEMA MODY, WHO 00:00:04.900 --> 00:00:10.257 COVERS PALANTIR, JOINS US. AND TELL US ABOUT TELL US ABOUT THE 00:00:10.340 --> 00:00:13.067 DEAL WITH. THERE'S SO MANY THINGS I THINK WE ALL WANT TO 00:00:13.150 --> 00:00:16.067 TALK ABOUT, BUT BUT LET'S GET TO THE NVIDIA DEAL FIRST. 00:00:16.150 --> 00:00:18.897 >> BECAUSE I HAVE SO MUCH RESPECT FOR NVIDIA AND JENSEN 00:00:18.980 --> 00:00:22.037 HUANG. I'M GOING TO TRY TO KEEP THIS MORE ADULT THAN I USUALLY 00:00:22.120 --> 00:00:25.077 DO. BUT THE TRUTH IS, IF YOU WANT TO KNOW HOW THIS CAME 00:00:25.160 --> 00:00:28.417 TOGETHER, FROM MY PERSPECTIVE, IT WAS IT WAS THERE ARE A LOT 00:00:28.500 --> 00:00:31.417 OF TECHNICAL ISSUES. WHO CONTROLS THE MODELS, WHO CONTROLS THE WEIGHTS? WHO 00:00:31.500 --> 00:00:36.457 CONTROLS THE VALUE OF YOUR BUSINESS? BUT, YOU KNOW, WE'RE, 00:00:36.540 --> 00:00:39.017 WE'RE, WE'RE SITTING ON CRITICAL INFRASTRUCTURE ACROSS 00:00:39.100 --> 00:00:42.627 AMERICA, UKRAINE, ISRAEL, EVERYONE WHO USES LLMS ON THE 00:00:42.710 --> 00:00:44.357 BATTLEFIELD RUNS ON TOP OF OUR 00:00:44.440 --> 00:00:49.967 ONTOLOGY. AND OUR CLIENTS ARE JUST TO SAY THEY'RE UNHAPPY 00:00:50.050 --> 00:00:54.067 WITH THE FRONTIER LABS IS TO SAY, I'M WELCOME AT THE BERKELEY FACULTY. IT'S LIKE 00:00:54.150 --> 00:00:58.477 THERE'S JUST A LEVEL OF DISCOMFORT AND LOSS OF TRUST 00:00:58.560 --> 00:01:01.007 THAT ALSO MADE IT. IT REALLY, REALLY. 00:01:01.090 --> 00:01:03.117 >> UNPACK THAT. WHAT DO YOU MEAN BY THAT? 00:01:03.200 --> 00:01:06.387 >> WELL, YOU HAVE OKAY. SO WHEN YOU'RE WHEN YOU'RE USING LARGE 00:01:06.470 --> 00:01:10.757 LANGUAGE MODELS, THEY ARE. IT'S LIKE A. AT THIS POINT, EVERYONE 00:01:10.840 --> 00:01:14.127 TECHNICAL REALIZES THEY'RE LIKE A CRITICAL RESOURCE TO MAKE 00:01:14.210 --> 00:01:17.257 THEM VALUABLE IN AN ENTERPRISE LIKE BATTLEFIELD CONTEXT OR 00:01:17.340 --> 00:01:20.897 REGULATED CONTEXT OR MANUFACTURING, YOU HAVE TO HAVE WHAT'S CALLED AN APPLICATION 00:01:20.980 --> 00:01:23.697 LAYER. AND WE, WE HAVE THIS THING CALLED ONTOLOGY THAT NOW 00:01:23.780 --> 00:01:26.867 EVERYONE'S COPYING, BUT DE FACTO, IT TAKES A LARGE LANGUAGE MODEL. IT MAKES IT 00:01:26.950 --> 00:01:31.477 SAFE AND USEFUL AND PRECISE. SO SAFE BECAUSE IT DOESN'T TOUCH 00:01:31.560 --> 00:01:33.777 YOUR UNDERLYING DATA, SAFE BECAUSE IT PREVENTS THE LARGE 00:01:33.860 --> 00:01:37.017 LANGUAGE MODEL FROM CACHING YOUR DATA AND REPLICATING YOUR 00:01:37.100 --> 00:01:41.187 BUSINESS SAFE BECAUSE IT DOESN'T TRANSFER YOUR IP OF HOW 00:01:41.270 --> 00:01:44.987 TO FIGHT SECRET DATA, TOP SECRET DATA, OR IN A CLINICAL 00:01:45.070 --> 00:01:49.057 CONTEXT. SO THE GENERAL WAY THESE THINGS WERE SOLD, AND 00:01:49.140 --> 00:01:53.327 AGAIN, THESE PEOPLE ARE SAM AND, AND DARIO, THERE'S NOTHING MORE 00:01:53.410 --> 00:01:56.367 FUN THAN DEBATING DARIO IN PRIVATE. SO THIS IS I'M NOT 00:01:56.450 --> 00:01:59.267 THROWING SHADE AT THEM. BUT SOMETHING HAS GONE COMPLETELY 00:01:59.350 --> 00:02:02.877 WRONG. AND THE BASIC VIEW AMONG 00:02:02.960 --> 00:02:06.847 ENTERPRISES IN THIS COUNTRY IS I'M GOING TO CHILL LAX AND 00:02:06.930 --> 00:02:09.777 WASTE MY TIME WITH TOKENS. I'M GOING TO GET NO VALUE AND 00:02:09.860 --> 00:02:13.117 THEY'RE GOING TO GET MY IP. >> NOW THAT SOUNDS LIKE SHADE. 00:02:13.200 --> 00:02:15.717 OKAY. AND NOT TO SHADE. IT SOUNDS LIKE YOU'RE SAYING THESE. 00:02:15.800 --> 00:02:17.717 >> NO, NO NO, NO, THIS IS REPORTING. 00:02:17.800 --> 00:02:21.027 >> OKAY. >> AND THIS IS REPORTING THAT I'VE, I'VE LITERALLY AGAINST MY 00:02:21.110 --> 00:02:24.857 OWN INTEREST CALLED THESE ARE LIKE, I'M PROFITING FROM THIS, 00:02:24.940 --> 00:02:28.697 RIGHT? SO THE REALITY IS YOU MAY NOT LIKE US AT MY FORMER 00:02:28.780 --> 00:02:32.437 SCHOOL, HAVERFORD OR BERKELEY, BUT ENTERPRISES IN THIS COUNTRY 00:02:32.520 --> 00:02:36.037 TRUST AND LOVE US, ESPECIALLY ONES THAT ARE INVOLVED IN 00:02:36.120 --> 00:02:39.577 CRITICAL INFRASTRUCTURE, BOTH PUBLIC AND PRIVATE. OKAY, SO I 00:02:39.660 --> 00:02:42.547 WANT FOR THOSE COUNTRIES, WE'RE COMING UP TO JULY 4TH. I WANT 00:02:42.630 --> 00:02:47.147 THOSE I WANT FOR US AND OUR, OUR, OUR, OUR, OUR, OUR FRIENDS 00:02:47.230 --> 00:02:50.717 ACROSS THE GLOBE TO HAVE THE VERY BEST TECH RESOURCES. IN 00:02:50.800 --> 00:02:54.657 FACT, THE WHOLE SECRET OF PALANTIR IS THE FORWARD DEPLOYED MODEL, THE PRODUCTS 00:02:54.740 --> 00:02:56.427 THAT HAVE BEEN FIVE YEARS AHEAD. 00:02:56.510 --> 00:02:59.397 YOU KNOW, YOU'VE BEEN WITH ME FOR A LONG TIME. EVERYONE, 00:02:59.480 --> 00:03:02.167 EVERYONE, EVERYONE SAID PHDS WERE SERVICES. THEY SAID, WE 00:03:02.250 --> 00:03:04.337 DON'T EVEN KNOW WHAT AN ONTOLOGY IS. THAT'S THE ONLY 00:03:04.420 --> 00:03:07.337 THING PEOPLE TALK ABOUT. NOW. THE SECRET WAS WE DELIVERED THE 00:03:07.420 --> 00:03:10.237 BEST THINGS FOR THE WARFIGHTERS. 00:03:10.320 --> 00:03:14.147 THOSE WARFIGHTERS HAVE SERIOUS TRUST ISSUES, BUT IT'S NOT JUST 00:03:14.230 --> 00:03:15.977 THE WAR VIS A VIS FRONTIER LABS. 00:03:16.060 --> 00:03:19.817 THEN YOU HAVE MY ENTERPRISES IN THE PRIVATE SECTOR WHO HAVE THE 00:03:19.900 --> 00:03:23.057 SAME ISSUES, LIKE WHY WOULD THEY GET ACCESS TO MY DATA IF 00:03:23.140 --> 00:03:24.657 THEY'RE GOING TO BUILD MY ALPHA? 00:03:24.740 --> 00:03:28.287 WHY WOULDN'T I CONTROL THE WEIGHTS? WHY WOULDN'T? AND THAT'S WHERE YOU GET THIS 00:03:28.370 --> 00:03:31.057 PARTNERSHIP. WHAT ALIGNS ME 00:03:31.140 --> 00:03:34.727 WITH NVIDIA AND I THINK IS WHAT 00:03:34.810 --> 00:03:35.767 THE TECHNICAL CUSTOMERS WANT, 00:03:35.850 --> 00:03:38.267 WHICH IS CONTROL OVER THEIR 00:03:38.350 --> 00:03:41.907 COMPUTE, THEIR MODELS, THEIR 00:03:41.990 --> 00:03:45.407 DATA STACK AND THEIR ALPHA. THEY WANT TO KNOW THEY OWN THE 00:03:45.490 --> 00:03:47.547 MEANS OF PRODUCTION. IT'S NOT BEING TRANSFERRED TO SOMEONE 00:03:47.630 --> 00:03:50.547 ELSE. THEY'RE NOT INTERESTED IN SOME FAKE DEPLOY CODE THAT 00:03:50.630 --> 00:03:53.747 SOMEHOW IS DEPLOYING TOKENS, THAT TRANSFERS THE ALPHA TO A 00:03:53.830 --> 00:03:55.887 THIRD PARTY AND THE JIG IS UP. 00:03:55.970 --> 00:03:59.157 AND SO WE HAVE TO FIGURE OUT A WAY BOTH, BOTH OUR OUR PRODUCTS 00:03:59.240 --> 00:04:02.757 ARE AGNOSTIC. WE, WE NOW SELL A PRODUCT TO CUSTOMERS THAT 00:04:02.840 --> 00:04:05.667 ALLOWS YOU TO SWITCH FROM MODEL TO MODEL BECAUSE. AND WE'RE 00:04:05.750 --> 00:04:09.597 COMPLETELY AGNOSTIC, BUT WE NEED TO REBUILD TRUST. AND THAT 00:04:09.680 --> 00:04:12.907 TRUST IS GOING TO HAPPEN WHERE EVERYONE GETS TO ASK, ASK AND 00:04:12.990 --> 00:04:16.777 ANSWER BASIC QUESTIONS. WHO OWNS THE DATA? WHERE IS IT 00:04:16.860 --> 00:04:18.977 CACHED? ARE THE PROMPTS SECURE? 00:04:19.060 --> 00:04:22.647 IS THIS BEING TRANSFERRED TO YOU? ARE YOU BEING OKAY? IF IT 00:04:22.730 --> 00:04:27.247 WAS SO VALUABLE, LET'S SAY I CAN MAKE YOU $1 BILLION TOMORROW. WOULDN'T I SAY I'LL 00:04:27.330 --> 00:04:31.287 MAKE YOU $1 BILLION AND I WANT 30%. WHY ARE THEY CHARGING FOR 00:04:31.370 --> 00:04:33.727 TOKENS IF IT'S SO VALUABLE? >> SO THEN, ALEX, IF THE KEY, 00:04:33.810 --> 00:04:37.697 FROM WHAT I'M HEARING YOU SAY, IS A SECURE, AMERICAN BORN OPEN 00:04:37.780 --> 00:04:41.627 SOURCE MODEL, HOW QUICKLY CAN YOUR MODEL COMPETE WITH THE FRONTIER? 00:04:41.710 --> 00:04:44.437 >> WELL, KNOW WHAT. >> I'M SAYING IS. AND AGENTIC AI. 00:04:44.520 --> 00:04:48.107 >> OKAY, WHAT I'M CLAIMING, OBVIOUSLY SLIGHTLY TRUE, BUT 00:04:48.190 --> 00:04:50.977 SLIGHTLY SELF-CENTERED IS IT'S 00:04:51.060 --> 00:04:55.347 THE MODEL PLUS AN APPLICATION LAYER PLUS COMPUTE. IT IS 00:04:55.430 --> 00:04:59.347 REALLY ALL THREE. SO IN OUR JARGON, IT'S THE VALUE, THE 00:04:59.430 --> 00:05:02.157 REASON. OKAY, JUST LOOK AT OUR FINANCIALS. THE REASON WHY 00:05:02.240 --> 00:05:05.787 EVERYONE IS CHILLAXING WITH BAD FINANCIALS AND GROWTH WITH 00:05:05.870 --> 00:05:09.727 LOSING MONEY IS THE CLIENT REFUSES TO PAY THE TRUE COST. 00:05:09.810 --> 00:05:12.967 THE TWO PLACES THAT ACTUALLY MAKE MONEY, LIKE PROFIT FREE 00:05:13.050 --> 00:05:17.297 CASH FLOW ARE OUR APPLICATION LAYER CALLED ONTOLOGY AND 00:05:17.380 --> 00:05:21.567 COMPUTE. OKAY, WHAT? I AM NOT JUST CLAIMING WE CAN TAKE AN 00:05:21.650 --> 00:05:25.207 OPEN MODEL AND IN THE CLASSIFIED OR NON-CLASSIFIED 00:05:25.290 --> 00:05:29.877 CONTEXT, GET IT TO THE POINT OF A FRONTIER MODEL, BUT A YOU 00:05:29.960 --> 00:05:32.547 CONTROL THE WEIGHTS. SO WHAT IS THE TRUE COST? NOT JUST WHAT 00:05:32.630 --> 00:05:36.687 YOU'RE PAYING. THE TRUE COST IS NOT JUST IS WHAT YOU MAKE MINUS 00:05:36.770 --> 00:05:39.987 WHAT YOU LOSE, MEANING THE VALUE OF YOUR BUSINESS. BUT WE 00:05:40.070 --> 00:05:43.957 CAN GET THE THE FRONTIER APPLICATION TO BE EXACTLY THE 00:05:44.040 --> 00:05:48.297 SAME AS A FRONTIER MODEL, WITHOUT THE RISK OF TRANSFERRING THE ALPHA OF YOUR 00:05:48.380 --> 00:05:51.237 BUSINESS TO ANOTHER. BY THE WAY, YOU COULD DO THIS WITH A 00:05:51.320 --> 00:05:54.837 FRONTIER CLOSED MODEL TOO, BUT THEN THE CLIENTS HAVE TO BE 00:05:54.920 --> 00:05:57.777 ABLE TO ASK AND ANSWER A VERY BASIC QUESTIONS. ARE YOU 00:05:57.860 --> 00:06:00.777 KEEPING THE DATA? ARE YOU GOING TO ENTER OUR BUSINESS? WHAT DO 00:06:00.860 --> 00:06:04.147 YOU IN THE CLASSIFIED CONTEXT, WHEN THE DEPARTMENT OF WAR GOES 00:06:04.230 --> 00:06:07.447 TO YOU AND SAYS, I NEED THIS APPLICATION, DO THEY GET TO 00:06:07.530 --> 00:06:10.257 CONTROL THE WEIGHTS TO DO IT, OR DO YOU GET TO CONTROL THE 00:06:10.340 --> 00:06:13.057 WEIGHTS? ARE WE REALLY GOING TO OUTSOURCE THE BATTLEFIELD OF 00:06:13.140 --> 00:06:17.797 THIS COUNTRY TO THE CONSENSUS VIEW IN SILICON VALLEY? THAT IS 00:06:17.880 --> 00:06:21.667 EFFING INSANE. AND BY THE WAY, EVERY SINGLE ENTERPRISE IN THIS 00:06:21.750 --> 00:06:24.167 COUNTRY IN PRIVATE, A LOT OF THEM DON'T WANT TO SPEAK IN 00:06:24.250 --> 00:06:28.067 PUBLIC BECAUSE IT GETS IT GETS OUTSOURCED TO THE NEURODIVERGENT, CRAZY PERSON 00:06:28.150 --> 00:06:32.537 THAT APPARENTLY IS ON DRUGS. THE ONE THING I DON'T DO IT. 00:06:32.620 --> 00:06:35.747 OKAY, SO THAT'S MY ROLE. BUT I'M TELLING YOU, IN THIS 00:06:35.830 --> 00:06:39.687 COUNTRY, AT EVERY SINGLE ENTERPRISE I DEAL WITH, THESE 00:06:39.770 --> 00:06:42.817 PEOPLE ARE LIVID. THEY'RE LIKE, I AM PAYING FOR TOKENS THAT 00:06:42.900 --> 00:06:47.357 CREATE NO VALUE. THESE PEOPLE ARE STEALING THE WEIGHTS IN ALPHA OF MY BUSINESS, AND 00:06:47.440 --> 00:06:50.257 THEY'RE CREATING A WEALTH TAX THAT DOES NOT HELP THE POOR. IT 00:06:50.340 --> 00:06:53.297 JUST PUNISHES. STARTS WITH THE BILLIONAIRES. EVERY SINGLE 00:06:53.380 --> 00:06:56.567 PERSON AT THIS TABLE IS GOING TO BE PAYING A WEALTH TAX ONLY 00:06:56.650 --> 00:07:00.067 TO PUNISH US. AND THE REASON FOR IT IS BECAUSE THESE MODELS 00:07:00.150 --> 00:07:03.537 HAVE BEEN COMPLETELY OVER, IRRESPONSIBLY OVERSOLD. AND THE 00:07:03.620 --> 00:07:06.547 SALE IS IT'S DANGEROUS FOR EVERYONE, WHICH IS WHY I CAN 00:07:06.630 --> 00:07:09.547 GIVE IT TO ALL YOUR ADVERSARIES, BUT I CAN'T GIVE IT TO THE 00:07:09.630 --> 00:07:13.247 DEPARTMENT OF WAR OR I CAN'T SAFELY GIVE IT TO AN ENTERPRISE 00:07:13.330 --> 00:07:15.517 IN THIS COUNTRY WITHOUT BEING CERTAIN THAT THE ALPHA OF THAT 00:07:15.600 --> 00:07:19.257 BUSINESS COULD TRANSFER TO THIS MODEL TOMORROW. I HAVE NO BUSINESS. NO JOB. 00:07:19.340 --> 00:07:23.927 >> YOU SOUND PRETTY ANGRY. >> NO, THE. THIS IS THE VOICE 00:07:24.010 --> 00:07:26.597 OF AMERICAN BUSINESS THAT IS BEING CHANNELED THROUGH ME. AND 00:07:26.680 --> 00:07:30.167 I'M TELLING YOU, IT IS. IT IS ABSOLUTELY A PROBLEM FOR THIS 00:07:30.250 --> 00:07:34.467 COUNTRY, BECAUSE WE ARE ON THE CUTTING EDGE OF EVERY SINGLE AI 00:07:34.550 --> 00:07:38.847 TECHNOLOGY. BUT IF YOU'RE GOING TO TRIPOLI, OVERSELL SOMETHING. 00:07:38.930 --> 00:07:43.747 AND AND BY THE WAY, THE ENTERPRISES ARE JUST TIRED OF IT. BUT BY THE WAY, JUST A 00:07:43.830 --> 00:07:47.087 MINUTE. I WANT YOU, EVERYBODY WATCHING THIS TO TEST WHAT I'M 00:07:47.170 --> 00:07:49.657 SAYING, ESPECIALLY INVESTORS WHO THINK SOMEHOW THIS IS 00:07:49.740 --> 00:07:55.127 WORKING, PICK UP THE PHONE AND CALL A CEO IN PRIVATE, NOT IN 00:07:55.210 --> 00:07:58.097 PUBLIC. EVERY SINGLE PERSON HERE CAN DO THIS. CALL 2 OR 3 00:07:58.180 --> 00:08:01.627 AND SAY, MADMAN KARP IS ON TV SAYING, WE'RE LIVID. I'M NOT 00:08:01.710 --> 00:08:04.667 GOING TO QUOTE YOU. YOU KNOW, I WON'T QUOTE YOU. YOU HAVE A 00:08:04.750 --> 00:08:07.507 HISTORY. AND SEE, THEY'RE TWICE AS LIVID AS ME. LIKE. 00:08:07.590 --> 00:08:10.107 >> SO IF YOU'RE RIGHT, THOUGH, DOES THAT MEAN THAT WE ARE 00:08:10.190 --> 00:08:13.477 LIVING IN SOME KIND OF TERRIBLE AI BUBBLE AND THAT WE'RE GOING 00:08:13.560 --> 00:08:17.077 TO, IN A QUARTER OR 2 OR 3 QUARTERS FROM NOW, WE'RE GOING 00:08:17.160 --> 00:08:21.647 TO HEAR THAT BIG ENTERPRISES ARE CANCELING THEIR SUBSCRIPTIONS TO THESE PRODUCTS, 00:08:21.730 --> 00:08:24.457 OR THAT THEY BUILD OUT IS GOING TO SLOW BECAUSE. 00:08:24.540 --> 00:08:26.117 >> THIS IS THIS IS THE TRAGEDY 00:08:26.200 --> 00:08:29.557 OF IT. THE REALITY OF COMPUTE 00:08:29.640 --> 00:08:33.027 PLUS ONTOLOGY PLUS MODEL CHANGE 00:08:33.110 --> 00:08:37.097 IS CHANGING THE COURSE OF HISTORY. ASK THE UKRAINIANS, 00:08:37.180 --> 00:08:40.807 ASK THE ISRAELIS, ASK OUR DEPARTMENT OF WAR. ASK THE ENTERPRISES THAT ARE WORKING. 00:08:40.890 --> 00:08:45.107 WE DO NOT HAVE TO OVERSELL WHAT WE HAVE. WE HAVE. AND IT'S ALL 00:08:45.190 --> 00:08:48.347 BEING BUILT IN THIS COUNTRY, BASICALLY, EXCEPT FOR THE OPEN 00:08:48.430 --> 00:08:51.247 MODELS, WHICH IS A REAL THING COMING FROM CHINA, EXCEPT FOR 00:08:51.330 --> 00:08:55.187 NVIDIA OPEN MODELS, WHICH ARE WORLD CLASS. BASICALLY, IT'S 00:08:55.270 --> 00:08:58.187 ALL BEING BUILT HERE. WE DO NOT HAVE TO OVERHYPE. WE DO NOT 00:08:58.270 --> 00:09:00.927 HAVE TO OVERHYPE IT TO THE POINT WHERE WE'RE GOING TO HAVE 00:09:01.010 --> 00:09:02.657 WEALTH TAX, PUNISHING THE WEALTH. 00:09:02.740 --> 00:09:04.897 >> IF THEY'RE CHARGING THE ENTERPRISE THREE TIMES AS MUCH 00:09:04.980 --> 00:09:07.927 AS THEY SHOULD BE. YEAH. AND THEN AND THEN THEY HAVE TO PULL 00:09:08.010 --> 00:09:10.897 BACK ON THAT. THAT CHANGES THE MATH OF ALL OF THIS. 00:09:10.980 --> 00:09:14.007 >> WHO'S THE THEY. >> LIKE THE LARGE LANGUAGE MODELS, WHICH BY THE WAY, 00:09:14.090 --> 00:09:15.807 IMPACTS YOUR PARTNER NVIDIA BECAUSE. 00:09:15.890 --> 00:09:18.837 >> THEY SORRY, I'M TALKING ABOUT THE THEY, THE ENTERPRISES 00:09:18.920 --> 00:09:21.707 THAT POWER THIS COUNTRY AS THE MOST IMPORTANT THING YOU'RE 00:09:21.790 --> 00:09:25.347 TALKING ABOUT. THE THEY AS FRONTIER LABS IN SILICON VALLEY. 00:09:25.430 --> 00:09:28.617 THAT'S GREAT. I'M FOCUSED ON THE ENTERPRISES OF THIS. 00:09:28.700 --> 00:09:32.787 >> COUNTRY, HYPERSCALERS. >> WELL, YOU KNOW, IT IT DEPENDS WHAT THEY'RE SELLING. 00:09:32.870 --> 00:09:35.857 THAT'S VERY, VERY DOWNSTREAM FROM US. WE'RE COMPLETELY 00:09:35.940 --> 00:09:40.167 AGNOSTIC. WE PREFER A WORLD WHERE THERE ARE MORE HYPERSCALERS, WHERE THERE'S ALL 00:09:40.250 --> 00:09:44.367 SORTS OF NEW HYPERSCALERS. ELON, NVIDIA, WE LIKE THAT WORLD. WHY 00:09:44.450 --> 00:09:47.507 DO WE LIKE THE WORLD? THE SAME REASON WHEN YOU GO ONLINE AND 00:09:47.590 --> 00:09:49.737 THERE'S, YOU KNOW, THERE'S 50 KINDS OF KINDS OF COATS. YOU 00:09:49.820 --> 00:09:53.507 GET TO PICK THE ONE YOU LIKE. BUT WHAT IS HAPPENING AMONG THE 00:09:53.590 --> 00:09:58.177 MOST TECHNICAL PLAYERS IS THEY'RE SAYING, I WANT SOMETHING I OWN. THIS IS MY 00:09:58.260 --> 00:10:01.417 BUSINESS. I WANT TO OWN THE GPUS. I WANT TO OWN MY DATA. I 00:10:01.500 --> 00:10:04.387 WANT TO OWN THE MODEL. I WANT TO CONTROL THE ALPHA. 00:10:04.470 --> 00:10:07.387 >> SO IS THAT CREATING MORE MORE OPPORTUNITY FOR. ARE YOU 00:10:07.470 --> 00:10:10.327 ALREADY SEEING THE GOVERNMENT CANCEL CONTRACTS WITH ANTHROPIC 00:10:10.410 --> 00:10:13.267 AND OPENAI AND SAYING, WE. >> WANT TO WORK. WE'RE NOT HERE. 00:10:13.350 --> 00:10:16.737 >> LITERALLY NOT HERE TO TALK ABOUT WHAT'S GOING TO HAPPEN TO 00:10:16.820 --> 00:10:19.267 A VERY IMPORTANT BUSINESS IN THE COUNTRY, EXCEPT FOR, 00:10:19.350 --> 00:10:21.107 OBVIOUSLY, TO SOME EXTENT, MINE. 00:10:21.190 --> 00:10:25.477 IN MY BUSINESS, WE HAVE MUCH MORE DEMAND THAN WE CAN SUPPLY. 00:10:25.560 --> 00:10:30.077 THAT'S LIKE AND AND BY THE WAY, IT MAY BE SOMEWHAT MAYBE, MAYBE 00:10:30.160 --> 00:10:32.577 THE CRAZY PERSON THAT STILL ONLY CARES ABOUT FREE CASH FLOW, 00:10:32.660 --> 00:10:36.587 BUT WE HAVE MORE BUSINESS THAN WE CAN SUPPLY. AND WE HAVE LOOK, 00:10:36.670 --> 00:10:38.357 IF YOU JUST LOOK AT OUR 00:10:38.440 --> 00:10:43.857 FINANCIALS, YOU CAN SEE LIKE A TWO YEARS OUT, YOU CAN SEE 15, 00:10:43.940 --> 00:10:45.057 $18 BILLION IN FREE CASH FLOW. 00:10:45.140 --> 00:10:47.967 >> SORRY, LIKE FRUSTRATED BY THE STOCK'S PERFORMANCE OVER THE LAST. 00:10:48.050 --> 00:10:51.067 >> YOU KNOW WHAT? I'VE BEEN AT THIS FOR 20 YEARS. WE'VE BEEN 00:10:51.150 --> 00:10:53.867 AT THIS TALKING THIS WHEN WE FIRST STARTED TALKING, PEOPLE 00:10:53.950 --> 00:10:57.807 WERE LIKE, IS THIS A SERVICES COMPANY? IS IT WORTHLESS? YEAH. 00:10:57.890 --> 00:11:01.807 THE MARKETS ARE SHORT TERM, VERY FICKLE. AND ALSO, QUITE 00:11:01.890 --> 00:11:05.377 FRANKLY, WHERE I WOULD THROW SOME SHADE, WHAT INVESTORS 00:11:05.460 --> 00:11:09.287 ACTUALLY UNDERSTAND TECH, THEY THINK BECAUSE THEY'RE VERY HIGH 00:11:09.370 --> 00:11:11.587 IQ AND THEY UNDERSTAND CERTAIN THINGS, THEY UNDERSTAND WHAT 00:11:11.670 --> 00:11:14.657 THEY'RE USING. BASICALLY THE FAULT OF INVESTORS IS TYPICALLY 00:11:14.740 --> 00:11:18.427 I USE IT, THEREFORE IT'S VALUABLE. YEAH. WHAT AN ENTERPRISE USES. IT'S DOING 00:11:18.510 --> 00:11:22.067 COMPLICATED MANUFACTURING OR PHARMACOLOGICAL RESEARCH OR 00:11:22.150 --> 00:11:25.237 PUTTING A BOMB ON OR BRINGING SPECIAL FORCES PEOPLE HOME 00:11:25.320 --> 00:11:27.307 SAFELY. VERY DIFFERENT THAN WHAT YOU'RE USING. 00:11:27.390 --> 00:11:31.277 >> IF YOU'RE A PHARMACEUTICAL COMPANY OR YOU'RE THE GOVERNMENT, SHOULD YOU NOT BE 00:11:31.360 --> 00:11:36.047 THEREFORE USING ANTHROPIC OR IT'S AN OPEN AI WITHOUT YOUR 00:11:36.130 --> 00:11:39.617 LAYER ON TOP? I MEAN, IS THAT WOULD YOU SAY THAT'S DANGEROUS FOR THEM? 00:11:39.700 --> 00:11:42.717 >> YOU YOU LOOK, FIRST OF ALL, HONESTLY, THE ONE THING THAT I 00:11:42.800 --> 00:11:46.157 AM SLIGHTLY FRUSTRATED ABOUT THESE THESE WHEN, WHEN, WHEN, 00:11:46.240 --> 00:11:51.527 WHEN OPENAI OR ANTHROPIC ESPECIALLY ARE TALKING ABOUT CRITICAL INFRASTRUCTURE, IT 00:11:51.610 --> 00:11:55.397 ONLY IS BEING USED IN OUR PRODUCT, MY PRODUCT. AND THERE'S A REASON FOR THAT. 00:11:55.480 --> 00:11:57.167 THESE THINGS ARE VERY, VERY 00:11:57.250 --> 00:12:02.967 VALUABLE. WHAT, WHAT WHAT THEY HAVE DONE. BUILDING MODELS IS 00:12:03.050 --> 00:12:05.647 WORLD HISTORIC. AND JUST SO YOU SEE, I'M NOT THROWING SHADE. 00:12:05.730 --> 00:12:10.247 DARIO IS A LITERALLY HISTORIC FIGURE. AND HE HE CAME FROM 00:12:10.330 --> 00:12:12.417 BEHIND AND HE'S NOW NUMBER ONE. 00:12:12.500 --> 00:12:15.417 ALMOST NO ONE IN THE I'VE BEEN IN BUSINESS. WHATEVER YOU WANT 00:12:15.500 --> 00:12:17.417 TO CALL, I DO FOR A LONG TIME. 00:12:17.500 --> 00:12:19.687 I'VE NEVER SEEN ANYTHING LIKE THIS. OKAY. SO THE REALITY IS 00:12:19.770 --> 00:12:22.497 CRITICAL INFRASTRUCTURE DOES NOT RUN THESE MODELS WITHOUT AN 00:12:22.580 --> 00:12:27.167 APPLICATION LAYER IN ALMOST ALL CASES. AND MAYBE IT WON'T BE ALL CASES SOMEDAY THAT 00:12:27.250 --> 00:12:28.797 APPLICATION LAYERS ARE ONTOLOGY. 00:12:28.880 --> 00:12:31.797 THAT'S A FACT. AND THERE'S A REASON FOR IT. IT'S NOT THAT, 00:12:31.880 --> 00:12:34.067 AS YOU KNOW, SOME PEOPLE LOVE ME, SOME PEOPLE HATE ME. 00:12:34.150 --> 00:12:36.907 THEY'RE NOT BUYING. THEY'RE NOT BUYING IT BECAUSE OF THAT. 00:12:36.990 --> 00:12:39.037 THEY'RE BUYING BECAUSE THESE THINGS HAVE TO BE MADE SAFE. 00:12:39.120 --> 00:12:43.817 AND THE I, I'M GOING TO TRUST YOU. YOU SHOULD TRUST ME BECAUSE I'VE NEVER LIED BS 00:12:43.900 --> 00:12:48.787 THING THAT JUST DOESN'T CUT IT AT THIS LEVEL. AND, AND ENTERPRISES ARE RUN BY THE 00:12:48.870 --> 00:12:52.657 SHREWDEST AMERICAN ENTERPRISES ARE RUN BY THE SHREWDEST, MOST 00:12:52.740 --> 00:12:56.087 WILY, INTELLIGENT PEOPLE ON THE PLANET. IF YOU THINK THEY'RE 00:12:56.170 --> 00:12:59.867 GOING FOR THAT, YOU CAN GO TRY TO SELL ME LIKE MY. MY PARENTS 00:12:59.950 --> 00:13:03.097 STILL WANT ME TO GET A JOB AS A FACULTY MEMBER AT BERKELEY. GO 00:13:03.180 --> 00:13:05.097 TRY TO GET ME A JOB AT BERKELEY. 00:13:05.180 --> 00:13:06.867 I'M VERY QUALIFIED. IT'S NOT HAPPENING. 00:13:06.950 --> 00:13:11.077 >> DO YOU AGREE WITH THE NOTION OF THE MOST ROBUST, POWERFUL AI 00:13:11.160 --> 00:13:14.307 MODELS SHOULD BE WITHHELD FROM THE PUBLIC DUE TO CYBERSECURITY RISKS. 00:13:14.390 --> 00:13:16.917 >> LOOK, FROM. ANTHROPIC AND OPEN AI, YOU. 00:13:17.000 --> 00:13:19.717 >> REALLY HAVE TO MAKE THE ONE OF ONE OF THE THINGS WE'RE 00:13:19.800 --> 00:13:22.757 REALLY TRYING TO GET THE WEST TO DO IS MOVE AWAY FROM LIKE 00:13:22.840 --> 00:13:25.657 NOT LIKING IT. THESE ARE VERY TECHNICAL. WHAT DOES THE MODEL 00:13:25.740 --> 00:13:29.797 DO? WHO IS RESTRICTED TO. I WOULD SAY IT IS A LOSER TO RESTRICT SOMETHING FROM THE 00:13:29.880 --> 00:13:32.457 GOVERNMENT, BECAUSE YOU DON'T AGREE WITH HOW THE GOVERNMENT 00:13:32.540 --> 00:13:35.467 FIGHTS WAR AND THEN OPEN IT UP TO THE WORLD, INCLUDING OUR 00:13:35.550 --> 00:13:38.637 ADVERSARIES. GO SELL THAT TO THE AMERICAN PEOPLE WHERE THEY ALREADY DON'T LIKE YOU. 00:13:38.720 --> 00:13:42.567 >> YOU HAVE A LOT OF DATA THAT YOU LOOK AT. DO YOU THINK CHINA 00:13:42.650 --> 00:13:45.337 IS GETTING BETTER AT AI? HOW IS THE GAP NARROWING? 00:13:45.420 --> 00:13:48.747 >> THERE ARE. >> TWO RELEVANT TECH CENTERS IN TWO AND A HALF AMERICA, CHINA, 00:13:48.830 --> 00:13:53.887 ISRAEL. THOSE ARE THE TECH CENTERS OF THE WORLD. AND WE LIKE I SPENT HALF MY LIFE IN 00:13:53.970 --> 00:13:56.917 EUROPE. I WANT EUROPE TO BE RELEVANT. AND SWEDEN HAS A REAL 00:13:57.000 --> 00:13:59.887 TECH SCENE. YOU HAVE TO BE CAN'T JUST LIKE YOU KNOW. BUT 00:13:59.970 --> 00:14:04.557 THE RELEVANT TECH CENTERS WE ARE. WE HAVE A PEER TO PEER 00:14:04.640 --> 00:14:08.197 ADVERSARY IN CHINA. CHINA HAS LOTS OF ADVANTAGES, INCLUDING. 00:14:08.280 --> 00:14:12.907 QUITE FRANKLY, WE HAVE TO FIND WAYS TO MAKE THESE MODELS RAISE 00:14:12.990 --> 00:14:15.467 THE STANDARD OF LIVING FOR EVERY AMERICA. AND WE NEED A 00:14:15.550 --> 00:14:18.477 SENSE AMERICANS NEED TO HAVE A SENSE. IT'S NOT JUST THE PEOPLE 00:14:18.560 --> 00:14:20.707 AT THIS TABLE, PEOPLE WATCHING IT GETTING RICH, AND THERE ARE 00:14:20.790 --> 00:14:22.577 REAL ISSUES THERE. AND WE HAVE. 00:14:22.660 --> 00:14:27.587 AND THEN WE HAVE LEFT AND RIGHT, FAR LEFT, FAR RIGHT, GONE COMPLETELY NUTS. YOU WOULD 00:14:27.670 --> 00:14:30.857 THINK THAT THE GREATEST PROBLEM IN THE WORLD IF YOU WERE ON THE 00:14:30.940 --> 00:14:34.457 FAR LEFT IS SOMEHOW IT'S LIKE IF THINGS WORK, IT'S EVIL AND 00:14:34.540 --> 00:14:37.697 BAD. BY THE WAY, I'VE BEEN WHOLESALE KICKED OUT OF MY OWN 00:14:37.780 --> 00:14:40.597 PARTY BECAUSE I WARNED THAT THIS WAS GOING TO HAPPEN ON THE 00:14:40.680 --> 00:14:44.337 LEFT, AND IT IS HAPPENING. THEN YOU HAVE ON THE FAR RIGHT, LIKE 00:14:44.420 --> 00:14:47.467 IT'S LIKE ON BOTH SIDES. YOU THINK THE BIGGEST PROBLEM OF 00:14:47.550 --> 00:14:50.677 OUR SOCIETY ARE LIKE WARLOCKS ROAMING THE STREET BUILDING 00:14:50.760 --> 00:14:52.977 TECHNOLOGY. THEY OF COURSE, THEY CAN'T UNDERSTAND IT. LIKE 00:14:53.060 --> 00:14:55.377 THEY ATTACK PALANTIR FOR THE CRAZIEST. CHINA DOESN'T HAVE 00:14:55.460 --> 00:14:57.477 THAT PROBLEM, BUT IT ALSO 00:14:57.560 --> 00:14:59.287 DOESN'T HAVE THE CREATIVITY AND 00:14:59.370 --> 00:15:03.657 INGENUITY AND, AND DEEP TECH 00:15:03.740 --> 00:15:07.257 CREATIVITY WE HAVE. BUT THE REALITY IS IT'S NOT A FOREGONE 00:15:07.340 --> 00:15:10.897 CONCLUSION THAT WE WIN, THAT WE HAVE WE HAVE THE BIGGEST 00:15:10.980 --> 00:15:14.627 PROBLEM IN THIS COUNTRY ON THESE DEBATES IS WE DEBATE THESE THINGS AS IF WE DON'T 00:15:14.710 --> 00:15:18.497 HAVE ADVERSARIES. IT'S NOT ACTUALLY TRUE. IT'S BINARY. 00:15:18.580 --> 00:15:22.137 THEY WILL WIN OR WE WILL WIN. >> LET ME ASK YOU, I JUST WANT 00:15:22.220 --> 00:15:25.607 TO PIVOT TO A SLIGHTLY DIFFERENT CONVERSATION, BUT RELATED, YOU HAVE BEEN A 00:15:25.690 --> 00:15:28.547 PROPONENT AND GREAT SUPPORTER OF ISRAEL OVER THE YEARS, GREAT 00:15:28.630 --> 00:15:32.417 SUPPORTER OF ISRAEL. AND RIGHT NOW WE HAVE A CEASE FIRE IN THE 00:15:32.500 --> 00:15:34.587 MIDDLE EAST, WHICH WE HOPE 00:15:34.670 --> 00:15:39.687 HOLDS. HAVING SAID THAT, THERE IS A BIT OF SPACE BETWEEN WHERE 00:15:39.770 --> 00:15:45.057 THE U.S. IS NOW AND WHERE NETANYAHU IS ON WHAT IS HAPPENING HERE AND WHETHER THEY 00:15:45.140 --> 00:15:47.497 ULTIMATELY BE PROTECTED. AND I'M CURIOUS, GIVEN THAT AND 00:15:47.580 --> 00:15:50.097 GIVEN ALSO YOUR RELATIONSHIP WITH THE U.S. GOVERNMENT AND 00:15:50.180 --> 00:15:54.207 THE WORK YOU DO THERE, HOW YOU THINK ABOUT THAT DISCONNECT? 00:15:54.290 --> 00:15:59.007 >> THE THIS IS LIKE SO MANY THINGS. I AM THE MOST PUBLICLY 00:15:59.090 --> 00:16:00.807 SUPPORTIVE CEO OF ISRAEL. AND 00:16:00.890 --> 00:16:04.347 THAT'S TRUE. I THINK ISRAEL IS 00:16:04.430 --> 00:16:08.187 A IS ON THE SIDE OF GOOD NOW IN 00:16:08.270 --> 00:16:12.717 PRIVATE, BECAUSE I HAVE. I'M KNOWN THERE. TO BE FAIR, I'M PROBABLY ALSO THE MOST 00:16:12.800 --> 00:16:15.587 EFFECTIVE CRITIC OF LIKE, HEY, I DIDN'T AGREE WITH THIS 00:16:15.670 --> 00:16:18.657 WITHOUT GOING. AND I WOULD BE VERY HAPPY TO BE MORE IN PUBLIC 00:16:18.740 --> 00:16:21.897 ABOUT THAT. EXCEPT FOR, I THINK, NOT ALL. THERE ARE MANY 00:16:21.980 --> 00:16:24.697 LEGITIMATE CRITICISMS OF ISRAEL AND EVERY OTHER COUNTRY, 00:16:24.780 --> 00:16:28.237 ALTHOUGH I WOULD SAY, DO YOU WANT A COUNTRY THAT CAN 00:16:28.320 --> 00:16:32.407 SOMETIMES BE DIFFICULT AS YOUR PARTNER, OR DO YOU WANT A COUNTRY, OR DO YOU WANT 00:16:32.490 --> 00:16:35.407 PARTNERS THAT HAVE NO TECH SCENE AS A PARTNER? AND SO LIKE, 00:16:35.490 --> 00:16:38.977 IT'S LIKE IN THIS WORLD, HAVING A, A FULLY ADULT, INDEPENDENT 00:16:39.060 --> 00:16:41.947 ALIGNED COUNTRY THAT DOESN'T ALWAYS AGREE WITH US IS MUCH 00:16:42.030 --> 00:16:45.257 BETTER THAN WHAT WE SOMEHOW HAVE IN EUROPE. LIKE THAT'S WE 00:16:45.340 --> 00:16:48.727 DO NOT WANT THAT. YES. OKAY. SO 00:16:48.810 --> 00:16:52.357 LOOK, AMERICAN ISRAEL WILL ALWAYS HAVE WILL NEVER BE FULLY 00:16:52.440 --> 00:16:56.297 ALIGNED. AND THAT'S TOTALLY OKAY. MY POSITION IS THEY ARE A 00:16:56.380 --> 00:16:59.407 VERY IMPORTANT PARTNER AND WE ARE PROUD TO SUPPORT THEM. AND 00:16:59.490 --> 00:17:03.537 IN PRIVATE, YOU CAN BET YOUR LAST DOLLAR I CALL AND COMPLAIN ABOUT A LOT OF THINGS. 00:17:03.620 --> 00:17:07.277 >> SO WHAT DO YOU THINK OF THIS MOU OR WHATEVER DEAL YOU THINK 00:17:07.360 --> 00:17:10.647 IS IS ON OFFER AND WHATEVER THE DEAL THAT IS, DO YOU THINK THAT 00:17:10.730 --> 00:17:13.547 WE ARE NOW IN A BETTER PLACE THAN WE WERE BEFORE? 00:17:13.630 --> 00:17:17.717 >> YOU MEAN IN. >> IRAN, IN IRAN, AND, AND, AND VIS A VIS ALSO WHAT YOU THINK 00:17:17.800 --> 00:17:22.357 IT MEANS FOR ISRAEL? >> WELL, LOOK, I DON'T ISRAEL, I'M GOING TO LEAVE THE I'M 00:17:22.440 --> 00:17:25.497 GOING TO LEAVE THE ISRAELI THING FOR MY TALKING TO THEM IN 00:17:25.580 --> 00:17:28.327 PRIVATE, BECAUSE I JUST DON'T THINK AT THIS POINT IT'S VERY 00:17:28.410 --> 00:17:32.237 HARD IN PUBLIC TO TALK ABOUT THEM BECAUSE YOU JUST HAVE PEOPLE LOOK, THERE ARE 00:17:32.320 --> 00:17:33.237 LEGITIMATE CRITICISMS OF ISRAEL. 00:17:33.320 --> 00:17:35.307 HALF THE PEOPLE CRITICIZING ISRAEL JUST DON'T BELIEVE IT 00:17:35.390 --> 00:17:38.307 SHOULD EXIST. AND THAT'S JUST A FACT. AND SO LIKE, I'M NOT 00:17:38.390 --> 00:17:41.277 GOING TO LIKE TOTALLY PLAY INTO THEIR HANDS BY SAYING THINGS I 00:17:41.360 --> 00:17:44.877 SAY IN PRIVATE IN AMERICA, AMERICA HAS TO REP HIS OWN 00:17:44.960 --> 00:17:48.517 INTERESTS. DO I THINK IRAN'S BEEN DEGRADED? YES. ARE THERE 00:17:48.600 --> 00:17:51.357 THINGS THAT I DON'T THINK ARE IN THE PUBLIC SPACE THAT WOULD 00:17:51.440 --> 00:17:55.687 BE COMFORTING TO PEOPLE? IF THEY ARE, YES, AND I'LL LEAVE IT AT THAT. 00:17:55.770 --> 00:17:59.027 >> WOW. PRETTY GREAT. >> THANK YOU. 00:17:59.110 --> 00:18:02.327 >> THANK YOU. >> THANK YOU. TAKE CARE. HAVE TO GET UP FROM THE SEAT. 00:18:02.410 --> 00:18:07.167 >> YOU KNOW, I JUST LIKE I FEEL LIKE I'M GOING TO BE KICKED OUT OF THE ROOM. 00:18:07.250 --> 00:18:10.037 >> NOPE. NEVER WIDE RANGING CONVERSATION. I REALLY APPRECIATE YOUR TIME. 00:18:10.120 --> 00:18:14.347 >> NO, NOT LIKE YOUR PARTY. WE WANT YOU TO. WE WANT YOU TO STAY. CAN YOU COME BACK 00:18:14.430 --> 00:18:17.377 TOMORROW? >> YEAH. NO, I'LL COME BACK. I REALLY DO APPRECIATE. 00:18:17.460 --> 00:18:20.317 >> YOU TALKING. >> TO IT. >> YEAH. YOU KNOW, THE THING I 00:18:20.400 --> 00:18:24.487 ACTUALLY LIKE ABOUT YOU GUYS THE MOST AND I WATCH YOU IS JUST THAT YOU ACTUALLY. AND 00:18:24.570 --> 00:18:26.357 IT'S VERY HARD TO PULL THIS OFF. 00:18:26.440 --> 00:18:29.357 YOU ACTUALLY HAVE DIVERGENT OPINIONS, AND SOMEHOW YOU GUYS STAY TOGETHER. 00:18:29.440 --> 00:18:31.397 >> THIS IS TRUE. >> IT'S STILL ON CAMERA. 00:18:31.480 --> 00:18:33.397 >> OH, YEAH. >> WELL, GREAT. THAT'S TRUE. 00:18:33.480 --> 00:18:36.167 >> YOU ACTUALLY LIKE IT'S HONESTLY, IT'S SO BORING. THE 00:18:36.250 --> 00:18:40.067 OTHER STUFF LIKE. AND AGAIN, I GET KICKED OUT OF THESE ROOMS. 00:18:40.150 --> 00:18:45.377 EVEN IF EVEN IF I AGREED WITH YOU, I WOULD TRY TO DISAGREE WITH YOU. IT'S MORE FUN. 00:18:45.460 --> 00:18:47.947 >> THERE'S SEYMA. THANK YOU FOR BRINGING ALEX HERE THIS MORNING. 00:18:48.030 --> 00:18:50.677 THANK YOU FOR YOUR PERSPECTIVE ON THIS, ALEX. THANK YOU. WE 00:18:50.760 --> 00:18:51.847 APPRECIATE IT VERY, VERY MUCH. 00:18:51.930 --> 00:18:53.817 THANKS. >> PEOPLE LIVE IN ECHO CHAMBERS. 00:18:53.900 --> 00:18:56.917 >> IT'S IT'S BEEN SO OFFENDED TO HEAR DIVERGENT OPINION. IT'S LIKE, 00:18:57.000 --> 00:19:02.027 >> WHAT DO YOU LIKE? IT'S SO CRAZY. AND I'LL TELL YOU, WE'RE OFF CAMERA NOW. 00:19:02.110 --> 00:19:05.027 >> NO, WE'RE STILL GOING. >> LET ME GET OFF CAMERA. WHAT, 00:19:05.110 --> 00:19:07.897 DO YOU WANT ME TO READ THIS TRUMP STUFF OR NOT? 00:19:07.980 --> 00:19:12.767 >> YOU KNOW? >> OKAY, HOLD ON, ALEX. I NOW NOW WE'RE STILL ON AND I'M 00:19:12.850 --> 00:19:16.367 GOING TO READ THIS BECAUSE PRESIDENT TRUMP WAS JUST SPEAKING TO REPORTERS AT JOINT 00:19:16.450 --> 00:19:19.707 BASE ANDREWS. HE'S PREPARING TO TAKE HIS FIRST FLIGHT ON THE 00:19:19.790 --> 00:19:24.377 QATARI GIFTED AIR FORCE ONE. HE'S EN ROUTE TO NORTH DAKOTA FOR THE OPENING OF TEDDY 00:19:24.460 --> 00:19:28.287 ROOSEVELT'S PRESIDENTIAL LIBRARY. HE ADDRESSED YESTERDAY'S FINANCIAL 00:19:28.370 --> 00:19:31.487 DISCLOSURES, SAYING EVERYONE IS PROFITING, INCLUDING HIM, 00:19:31.570 --> 00:19:33.340 BECAUSE THE STOCK MARKET IS UP AND