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For people who don't know who he is,
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please give us an introduction to Joe
00:00:05
Sat. He's the owner of the Nets and he's
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now chairman of Alibaba. We like
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innovation from the bottom up.
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Alibaba just dropped their secret
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weapon, Quinn 2.5 max. Alibaba surged 14
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1.5% overnight, beat estimates on nearly
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every metric. A massive rally alone this
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year, adding about 100 billion to the
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stock's value. You have to have a growth
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mindset when you compete.
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Ladies and gentlemen, please welcome Joe
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Sai.
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Hey, my man. Good to see you.
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Good to see you, brother.
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How are you?
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Good to see you.
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Good to see you,
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David. How are you?
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The Brooklyn Nets.
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Brooklyn Nets.
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Nets and the New York Liberty.
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And the New York Liberty. Exactly. It's
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not easy running a team, is it?
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It's uh not easy at all.
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Not easy at all
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because
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uh a basketball any professional team is
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uh both a uh business and also it's an
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institution. You need to keep the fan
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base happy. So there's sort of this
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church and state element.
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Yeah.
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It's almost like running a news
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organization.
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Yeah, there it is. Can we uh maybe start
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with the WNBA and we can shift to
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business and we can shift to basketball,
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but I think Caitlin Kark is out for the
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season and there's just been a lot of
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controversy and attention that the WNBA
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is getting. What has it done right? What
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has it done wrong? Did the has the
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league been doing enough to protect her
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as a as a star in the face of the
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league? It's been a almost a microcosm
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for just a social discussion. Do you
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want to just talk about that as what you
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see?
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Clayton Clark definitely had an effect
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on uh the WNBA. All the metrics went up.
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So, this was last season, right, when
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she first came into the league from
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college. And uh uh we've seen all of our
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metrics from viewership, ticket sales,
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sponsorship, everything went up like
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almost 4x 4x.
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4x,
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right?
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I mean, that's incredible.
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That's incredible. So, so the so the
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economic impact that she's made to the
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league is is extraordinary.
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Undeniable.
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Undeniable. But because of who she is,
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um, you know, she's a a little bit of a
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different, uh, kind of player. You know,
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she is a she's a point guard. She's
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she's a smaller player. Uh, the knock on
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her was was she going to be able to
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withstand all the physicality of the
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league, and she's proven that she's able
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to do to do that. Um, unfortunately,
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there's been uh I think I think it's
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always good to have rivalries, right? uh
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you know she she has this rivalry with
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Angel Ree that dated back to college.
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But some people would like to pit it as
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uh a kind of a racial thing or is it uh
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you know this or that. I um I think we
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need to look past that uh and just look
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at the skill set that's being brought
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into the league now. We have so many
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great college players. I mean uh the the
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the rookie of the year potential
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candidate uh is Sonia Citron. Have you
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ever heard of her before she came into
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the league? I mean, no, she I think she
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just uh broke the record for the highest
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three-point uh shooting percentage in
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the league. Uh so, you know, you you see
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tremendous amount of talent and I think
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uh you you ask what have what have they
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done, right? I I don't I think it's a
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matter of just uh a confluence of good
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things coming into the league.
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And what about the NBA? So you guys did
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just an enormous
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Yeah. Just let me let me just But but
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the one thing that's really changed that
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is prior to the Kaylin Clark uh season
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uh your average fan base that watches
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ESPN basically you guys are not watching
00:03:52
women's basketball. Maybe some some of
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them follow college but certainly not
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the WNBA. But now your average ESPN fan
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base, they are watching the mainstream
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sports fan base are watching the
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I think she's a I I have an observation
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about this and you and I are old school
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basketball heads, you know, watching
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having watched the 80s and 90s and
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Patrick Euing and Charles Barkley. It's
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more physical. They're tougher in the
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WNBA. And every time LeBron goes up and
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he gets fouled and he's just and he's
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flopping all the time.
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How does he do it? You know, it's a
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foul. It's a foul. So maybe you could
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comment on LeBron being like
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or just generally the NBA product
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actually.
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Yeah. The I mean the NBA and then
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they're so tough and they're throwing
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each other around. It's a better game.
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The NBA product is great.
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Um I I I don't think it's fair to
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compare whether uh the men's league is
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more less physical than the women's
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league or more one the other the I mean
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they're both very physical. I mean if
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you are sitting there on the floor you
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are watching physicality.
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Sure. uh and and also athleticism,
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right? But the game has, you know, the
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NBA has this uh uh committee called the
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competition committee. So I I got put on
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the competition committee. They call me
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and they say, "Joe Joe, we want, you
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know, want to be on the competition
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committee, you know, it's about rules
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about, you know, like what is this
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transition, take foul?" So the committee
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is every season they're they make these
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tweak changes. They make changes to
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refing to make the product better. I
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mean, when I got the call, I'm like, you
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want me to sit on the committee with
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Jason Kidd, Chris Paul, and uh Coach K?
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Like, what do I know about basketball
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that can, you know, really
00:05:34
be smarter than them? But, uh, but what
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I've seen is uh I've said to ads so the
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competition committee should be called
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the product committee because that is
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the product the fans see on the floor.
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If you change, let's say if you change
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the three-point line,
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that is a product decision. sound
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competition.
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Should they?
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Is it too?
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I I don't think so. I don't think so.
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When you watch the the Boston Celtics
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throw up 43 threes in a game, you think
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it's a good product?
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I think it's a great product because
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there are 18 different ways you can
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throw up 43 threes in a game.
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Okay, let's uh transition to Alibaba for
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a second. It's an incredible journey you
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and Jack Ma and the whole story has it's
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I mean it's written in books and there's
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just tremendous lore but can you take us
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back to your mindset? I mean I think
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we've heard it's well documented Jack's
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mindset but how you got involved what
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you were thinking in that moment the
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risk you were taking. I was just
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mesmerized by Jack's personality. uh
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every people see the public side of Jack
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which is very charismatic but what I saw
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was he was able to instill faith in
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people. I mean, he had a when I walked
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into his apartment, there were like 12
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to 15 sort of very young people roughly,
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you know, uh, students that were just
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coming out of college and Jack was kind
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of the teacher that's 10 years older and
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he's able to communicate. He's able to
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paint a a very strong vision. Uh, that
00:07:03
was the part that I really signed on to.
00:07:05
His ability to lead is an amazing
00:07:08
ability and you know he's a teacher uh
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by training he taught at Zojang
00:07:14
University he taught English actually
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you know teachers in a way make natural
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leaders uh because a you have to
00:07:21
communicate well and b you can identify
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talent I think a lot of teachers love to
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see their students and say oh this kid
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is gonna do really well so they write a
00:07:33
recommendation they do whatever And also
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teachers are have enough humility that
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they're willing, they're very happy if
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their students go off and then they come
00:07:44
back and become more successful than
00:07:45
they are. And in a comp in building a
00:07:47
company, you need to be able to
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accommodate all sorts of people that are
00:07:50
smarter than you are. And that's that's
00:07:52
really important. There was a phase I
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guess in the maybe the early 2010s where
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it was a lot of it felt like tremendous
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freewheeling capitalism in China where
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there was just a just a Cambrian
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explosion of incredible entrepreneurs
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yourself and Jack and all these others
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pony and then I think almost starting
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with the antipo it things changed a
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little bit. Can you walk us through the
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dynamics of how that changed and then I
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think it all kind of leads to you know
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the lot of foreign direct investment
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into the Chinese ecosystem has changed
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pretty dramatically. Just give us a
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sense of what has happened over that arc
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that you've been in it working in it
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observing it.
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Alibaba has been around for 26 years. I
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would say the first 15 years were it was
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a complete free market kind of you know
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way of growth and uh uh we built a lot
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of business organically and then you we
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went into a phase where there was
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extreme competition uh everybody wanted
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to do e-commerce why it's because if you
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have traffic online e-commerce was the
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best way to monetize your traffic and
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and today in today's market we have five
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or very very strong competitors
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including the parent company of Tik Tok
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bite dance they are doing e-commerce
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they're not known as an e-commerce
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company but they are one of our fiercest
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competitors so there's a you go through
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a a a period of extreme competition and
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then the government felt that this
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sector has gotten out of line a little
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bit first there's too much competition
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and then there are some uh platforms
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that have exhibited monopolistic
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behavior
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So then there was a uh you know people
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may call it a crackdown whatever more
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regulations came in regulations some of
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the regulations are very good actually
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they protected privacy uh uh anti-
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monopoly type uh regulation and uh uh
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now we kind of are in a new normal where
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uh we are we believe that the regulatory
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environment is more predictable. We know
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what the red lines are uh and we we know
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where to go and where not to go and it's
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actually made uh a a a better operating
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environment because of the predict
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predictability of it. On a geopolitical
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level, it seems to be the rhetoric in
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the United States. What they keep
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drilling into Americans is to look at
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China as an existential threat to
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America that we're rivals that we cannot
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operate and lead the world to
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prosperity.
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What do you think?
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I I I
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don't agree with that view of uh the
00:10:36
world. I'd be interested in your view,
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David.
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I mean, I don't believe in that either.
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I mean, I'm I don't know why this has to
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be the only dialogue we have is that we
00:10:45
are bitter rivals.
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Yeah. I mean, look at this. the I I
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think I I I could understand why sitting
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here in America you look at the rise of
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China over the last 20 years 25 years uh
00:10:57
China has become strong in terms of um
00:10:59
manufacturing that's why it's such an
00:11:01
export juggernaut it has become because
00:11:04
of the economic development it's uh you
00:11:07
know China has become a technology
00:11:10
juggernaut as well and the fear is well
00:11:13
all that stuff economic strength and
00:11:15
technology strength is going to flow
00:11:18
into military strength and that becomes
00:11:21
kind of a national security issue. I I
00:11:23
understand that. I I get it. Uh but I
00:11:26
think it's um uh it uh I these are the
00:11:30
two largest economies in the world and I
00:11:34
think you just need to take a step back
00:11:35
and say well yeah on the one hand we
00:11:37
should compete with China right that's
00:11:39
fine we our comp the hyperscalers
00:11:42
companies compete with the Chinese
00:11:44
internet companies globally um but then
00:11:46
on the other hand there there is just so
00:11:49
many trouble spots in the world uh that
00:11:52
what did President Trump say that he
00:11:54
stopped Seven wars, right?
00:11:56
Yeah.
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Okay. Well, China has didn't start any
00:11:59
of them. China has not started a war in
00:12:02
the last how many years? You know, 30
00:12:04
years, 40 years. Um I think uh China was
00:12:08
part of the uh Korean war. Uh maybe the
00:12:12
Vietnam war, but that was uh a long time
00:12:14
ago in history. Uh so in a way China you
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know if you observe the behavior of the
00:12:21
the Chinese people and the Chinese state
00:12:23
it's a very peaceful nation. China cares
00:12:26
about econ its own economic development.
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They care about uh the well-being of its
00:12:32
citizens and uh I think there's a lot of
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friction in in the in the course of
00:12:37
competition where China feels that the
00:12:39
United States is trying to contain China
00:12:42
and and stop the rise of China
00:12:43
economically. Just speaking about the
00:12:45
the welfare of its citizens. Um you
00:12:48
mentioned bite dance. I think there was
00:12:49
reported bite 10's revenue just passed
00:12:51
meta's revenue. I mean it's a
00:12:53
juggernaut.
00:12:54
It's a private company so I don't know.
00:12:56
You were telling Yeah.
00:12:56
Yeah. They actually released it but
00:12:59
um
00:13:00
one of the core products Tik Tok it's a
00:13:02
fundamentally different product here
00:13:04
than in than in China. And because of
00:13:06
that regulation and a focus on the
00:13:08
welfare of its citizens, there's like
00:13:09
strict rules in terms of the content and
00:13:12
the curation and the algorithms. Whereas
00:13:14
here, you know, it's like cat videos and
00:13:17
like, you know, all kinds of nonsense.
00:13:19
Although now I noticed that Tik Tok put
00:13:21
a STEM section inside of Tik Tok in the
00:13:24
American product for whatever reason.
00:13:26
There's a wherewithal that China has to
00:13:28
think about its citizenry like that. And
00:13:31
I'm just curious, how do we embrace more
00:13:34
of that principle because that sort of
00:13:37
gets lost in this?
00:13:38
Such a good question. Yeah. What can we
00:13:39
learn from China? Yeah.
00:13:40
Yeah. What should we be doing more of
00:13:42
that China does? Well, first education.
00:13:46
I mean, you have a extremely highly
00:13:49
educated population. And you know, you
00:13:52
talk to every Chinese parent, they want
00:13:54
their kids to take the ent college
00:13:56
entrance exam and get into the best
00:13:58
universities.
00:14:00
you know, if they want to send their
00:14:02
kids away to school, they want to go to
00:14:03
the Ivy League or Stanford or, you know,
00:14:06
all of that. So, I I think I think the
00:14:10
emphasis on education, I think there are
00:14:12
some structural issues here in the
00:14:13
United States, like the teachers union
00:14:15
that is getting in the way, but uh
00:14:21
uh but there are no teachers unions in
00:14:23
China. So, David, what's your David? I'm
00:14:27
curious looking at this um not in any
00:14:30
official capacity but kind of the same
00:14:33
question Chimath and I are sort of um
00:14:36
probing about here. What is your take on
00:14:39
America and China succeeding together?
00:14:41
And are we destined to be in conflict
00:14:44
with this country forever or is there a
00:14:46
path forward with our incredible amazing
00:14:50
dynamic President Trump?
00:14:53
Well, I think you know, Professor
00:14:55
Mirshimer explained it at all in some of
00:14:57
the last year that the US and China are
00:14:59
in a high-tech competition. They're in a
00:15:01
security competition, economic
00:15:02
competition. And the the reason is
00:15:05
because China's become rich and
00:15:06
powerful. And the United States does not
00:15:08
tolerate pure competitors. We want to be
00:15:10
the number one country. We want to be
00:15:11
the most powerful country. The balance
00:15:13
of power is to some degree a zero- sum
00:15:16
game. Economics are not, but power is.
00:15:19
And the the history of the United States
00:15:21
is we want to be number one and we don't
00:15:23
we don't like having pure competitors.
00:15:24
And I mean that's the bottom line. Now I
00:15:26
mean there are good reasons for this. We
00:15:28
live in a an Arctic world meaning
00:15:30
there's no higher authority. If you get
00:15:32
in trouble in the global system you
00:15:34
can't call 911. And so countries
00:15:38
privilege their survival over all their
00:15:40
considerations. And the way to survive
00:15:42
in the international system is to be
00:15:44
powerful. and you measure your power
00:15:46
based on the gap between you and the
00:15:48
next most powerful country. And I think
00:15:51
that 20 years ago, China wasn't seen as
00:15:53
a threat because it wasn't rich and
00:15:54
powerful, but now it is. And I think
00:15:57
that's what's led to a much more hawkish
00:15:59
environment in Washington. And I, you
00:16:01
know, I can't disagree with all of it
00:16:03
because I think it's very important that
00:16:05
the United States win the AI race. We
00:16:07
don't want China, for example, to
00:16:09
dominate in AI or or in chips. We want
00:16:12
the as Americans, we want the United
00:16:14
States to be the most powerful country.
00:16:15
Now, if I were Chinese, I would want
00:16:17
China to be the most powerful country.
00:16:19
And I don't have any resentment towards
00:16:21
Chinese people who want their country
00:16:23
the most powerful country. So, um
00:16:24
there's no animosity in saying this, but
00:16:27
I want the US to be the most powerful
00:16:29
country. And you know, in my little part
00:16:32
of the world, that means winning the AI
00:16:33
race.
00:16:35
Can I respond to that?
00:16:37
Yeah.
00:16:38
Yeah. Uh I I think it's really important
00:16:40
that the uh as an you you know you as a
00:16:44
patriotic American, you want America to
00:16:45
win. Uh but I think when it comes to AI,
00:16:49
there's no such thing as winning the
00:16:51
race. I think it's a long marathon. And
00:16:55
you know, you could just see by these
00:16:56
model companies, uh every week there's a
00:16:59
model that's leading, but then the next
00:17:01
week another model overtakes them,
00:17:03
right? So uh and the other thing is it's
00:17:06
um AI is one of those uh we haven't
00:17:09
figured out what is the business model
00:17:11
is but in our business in e-commerce we
00:17:14
have a marketplace model with network
00:17:16
dynamics but I'm not sure if the
00:17:19
development of models has those uh
00:17:22
network effects that means winner take
00:17:25
all right so I don't think AI is a
00:17:29
winner take all uh field I think what My
00:17:33
definition of winning,
00:17:36
you know, is not who comes up with the
00:17:38
strongest AI model, but who can adopt it
00:17:42
faster. And I think uh uh people here in
00:17:47
the United States uh a lot of resources
00:17:50
should go into adoption and diffusion of
00:17:54
the technology as opposed to just
00:17:57
plowing you know bill I mean literally
00:17:59
each of the hyperscaler companies is in
00:18:02
each of them is investing something like
00:18:04
$80 billion a year. But you know I I
00:18:08
think if you look at China a couple
00:18:10
things are going on. Number one, China
00:18:12
has espoused open- source. Um, and and
00:18:15
second, uh, a lot of the companies
00:18:17
including ourselves have launched models
00:18:20
that are smaller. You know, not the
00:18:23
trillion parameter models, but you know,
00:18:25
we have a model that's 1.7 billion
00:18:27
parameters, another that's four, another
00:18:29
that's 8 billion for like mobile devices
00:18:32
and laptops. So, so with these types of
00:18:36
uh uh development uh I think it's more
00:18:39
conducive to faster adoption. Uh you
00:18:42
want AI to proliferate.
00:18:44
So, so now you know you look at China ch
00:18:47
you know I'm not saying China
00:18:49
technologically is winning in the model
00:18:51
war. Uh but in terms of the actual
00:18:54
application and also people benefiting
00:18:56
from AI, it is uh has made a lot of uh
00:19:00
uh development. Uh I I've seen a survey
00:19:04
uh of Chinese firms last year only 8%
00:19:07
have are using AI were were using AI in
00:19:11
their business. Uh now that number is
00:19:14
approaching half 50%. So so the adoption
00:19:18
rate has been fairly uh fast and I think
00:19:23
that the two countries AI is such an
00:19:25
important element of life. It's almost
00:19:28
like air.
00:19:29
Right.
00:19:29
Right. And uh why would any one country
00:19:33
say we have a sole claim to to air? We
00:19:36
we we should uh there's so many things
00:19:38
that AI can do that that that could you
00:19:40
know in medicine in in biology uh that
00:19:43
you know we we I think there's a lot of
00:19:46
room for cooperation. Joe, one of the
00:19:48
key questions that everybody asks when
00:19:50
we talk about AI and whether you spin
00:19:52
your own models, which you do, which
00:19:53
you've done a good job, and some people
00:19:55
just take them off the shelf, is the
00:19:57
actual net impact in the operations of
00:20:00
the business. Does it change the number
00:20:02
of people you hire? At what level does
00:20:04
it change it? Does it change the
00:20:05
efficiency? Does it change the way you
00:20:06
think about certain jobs? What's the
00:20:08
practical
00:20:10
application that it's doing for you guys
00:20:12
on the ground inside of Alibaba?
00:20:14
Yeah. Um the uh I I would definitely
00:20:18
made our uh operations more more
00:20:20
efficient. So we we actually can don't
00:20:23
have to hire as many people. Um I'm
00:20:26
still I'm on on this sort of uh mission
00:20:28
to uh write our quarterly earnings
00:20:30
release with AI uh and and maybe just
00:20:33
have a model, right?
00:20:34
Yeah. Yeah. Put Yeah. And and also put
00:20:36
uh AI on the on the analyst conference
00:20:39
call. See if people can, you know, tell
00:20:41
the difference. Uh but anyway then then
00:20:44
they'll get rid of everybody in the
00:20:45
finance department. Um but uh the the
00:20:48
most the biggest impact AI has made is
00:20:52
with our uh we incorporate AI into all
00:20:55
of our uh consumerf facing apps. So
00:20:57
we're in e-commerce, we're in maps, uh
00:21:00
we have a food food delivery business,
00:21:03
uh and uh once once you infuse AI, uh
00:21:06
the consumer have a massively better
00:21:08
experience and that generate more user
00:21:11
base for us. So so we're seeing the
00:21:13
impact uh from the uh sort of the the
00:21:17
uplift on the on the revenue side.
00:21:18
Is is the workforce then naturally
00:21:20
attritting as more and more of the
00:21:22
workload is done? Yeah, it we haven't
00:21:24
you know announced any layoffs because
00:21:26
of AI but I think um uh you know I keep
00:21:30
asking our our engineering leads about
00:21:33
how uh how much of the code is written
00:21:36
by AI today. I think the answer I get is
00:21:39
all over the map depending on which
00:21:41
department you make you you ask but I
00:21:44
think it's maybe 30%. at this point
00:21:46
already.
00:21:48
Yeah,
00:21:48
already
00:21:49
I'm doing kind of a weighted average of
00:21:52
the different
00:21:53
Yeah,
00:21:54
Alibaba is an enormous business. Uh it's
00:21:56
in so many countries around the world.
00:21:59
How do you build a culture? How do you
00:22:00
manage like just the insanity of having
00:22:03
so many employees, so many needs, so
00:22:05
many issues? How do you deal with it?
00:22:07
Uh focus. Uh so I came into the chair,
00:22:10
you know, I was sort of kind of phasing
00:22:12
out. I was focused on the Brooklyn Nets.
00:22:15
Then about a year and a half ago, I came
00:22:17
back into the chairmanship of the
00:22:18
company. Uh the first thing I said is we
00:22:21
we can't talk about our company as being
00:22:23
in six different businesses. It's just
00:22:25
too confusing. Uh we're in two
00:22:27
businesses, e-commerce and cloud
00:22:29
computing, you know, with an AI element
00:22:31
in it. Those are our two businesses,
00:22:33
core business and and so having that
00:22:36
focus was absolutely crucial to get our
00:22:38
people, our teams to focus and uh and
00:22:43
execute. Maybe end with just
00:22:46
forecast for the season,
00:22:50
the whole league or just the Brooklyn
00:22:51
Nets.
00:22:52
Maybe just the Nets.
00:22:54
Well, I have to say we're in a we're in
00:22:56
a we're in a rebuilding year. Um we
00:22:59
You have a lot of picks.
00:23:00
We've spent all of our picks. We picked
00:23:02
We have five for draft picks this past
00:23:05
summer. Uh we have one pick uh in 2026
00:23:09
and we hope to get a good pick. So you
00:23:10
can uh you can predict uh what kind of
00:23:14
strategy we will use uh uh for the
00:23:16
season. But we have a we have a very
00:23:18
young team. So
00:23:19
we were talking to Dar on the last panel
00:23:22
on
00:23:23
how China is a bit different in how it
00:23:25
looks at autonomy, self-driving. There
00:23:28
are tests going on there, but they want
00:23:30
to also make sure that there is
00:23:32
tranquility and peace in the country and
00:23:34
people don't lose those jobs, those
00:23:36
driver jobs. And so what's the climate
00:23:39
in China? What do the Chinese working
00:23:42
class think when they see self-driving
00:23:44
cars and they see tens of millions of
00:23:47
people employed as drivers? There have
00:23:49
been protests already in Wuhan and
00:23:51
protests in China are a very rare thing.
00:23:54
Um based on what I know, I could be
00:23:56
wrong. I have a superficial knowledge.
00:23:58
Obviously, you have a deep knowledge.
00:24:00
What can you tell us a little bit about
00:24:02
how you know the the government and the
00:24:04
people of China think of this incredible
00:24:07
revolution and the impact on jobs? I
00:24:10
think the government is all in um
00:24:13
embracing it and uh in fact the
00:24:16
government just a few weeks ago launched
00:24:18
a kind of a AI plus policy uh and they
00:24:22
say in 2030 which is 5 years from now
00:24:25
they want to see 90% penetration of AI
00:24:29
agents and devices and things like that
00:24:31
in in society. That's what the
00:24:33
government has publicly officially said.
00:24:36
just an all-in just
00:24:37
just just all in. Um there's really not
00:24:40
a lot of talk about uh uh people AI
00:24:44
replacing human jobs. Uh maybe there's
00:24:47
isolated
00:24:48
incidents. Uh but in general there is an
00:24:51
anxiety about jobs. Uh uh China
00:24:55
graduates about 10 million uh college
00:24:58
graduates every year. uh and today if
00:25:01
you look at the youth unemployment rate
00:25:04
uh which is age between 16 and 24
00:25:07
including graduates
00:25:09
it's 18%.
00:25:11
It's actually quite high. Uh so there's
00:25:13
a lot of anxiety about about that. uh it
00:25:16
partly it's because the economy uh is
00:25:19
even though the overall uh conditions of
00:25:22
the uh of the Chinese economy is is
00:25:25
pretty good in terms of infrastructure
00:25:27
access to energy and all those things
00:25:30
but there is still a malaise right now
00:25:33
because China has gone through the last
00:25:36
four or five years of a property slump
00:25:39
uh everybody's uh average uh home prices
00:25:42
are down like 30% so there's a very
00:25:45
negative neative wealth effect and
00:25:47
that's uh still lingering.
00:25:49
Just quickly, is there any fear of AGI
00:25:51
in China? You know what I mean by that?
00:25:53
That out of control super intelligence.
00:25:55
Is that is that a fear or is that just
00:25:56
an American thing? I um we
00:26:01
people in government don't um talk about
00:26:04
it too much because they believe that uh
00:26:08
they could control it uh better maybe
00:26:11
better than in a you know society here
00:26:14
in in the US. Um but there's some some
00:26:18
some lingering fears. Um but you know I
00:26:21
was just listening to Denny's uh about
00:26:24
you know he's predicting 5 to 10 years
00:26:27
but if he's saying 5 to 10 years I think
00:26:31
AGI is probably 20 years from now and uh
00:26:36
uh and and it's because the the emphasis
00:26:39
is on the word general. You have to be
00:26:41
able to your AI has to be able to
00:26:43
generalize uh and apply uh principles to
00:26:48
scenarios that you've never seen before.
00:26:50
Right,
00:26:51
Joe? Thank you very very much.
00:26:54
Great to see you.
00:26:57
Thank you. Thank you. Thank you.
00:26:59
Pleasure. Thank you.
00:27:01
Fantastic. Thank you, brother.
