00:00:00
okay Scott now it's time for our predictions I'm going to do mine first I think um Donald Trump's age is might
00:00:05
become an issue in the next two years I think the presidency is an incredibly difficult thing I do think it might be
00:00:11
calmer and it's largely not because he's become wiser because he's not he's not wise and anyway he's not a good person
00:00:18
he's a Serial sexual harasser at the very least and a and other things I think he's a terrible person I think his
00:00:25
age is going to calm him down I don't know how else to put it either through uh natural what happens when you get older
00:00:33
and the and the difficulties of this so you may see a calmer Donald Trump I just
00:00:38
I you may see it and it's not because he's a good person or he's turning the tide or anything else he also is
00:00:43
probably looking at his legacy now and he's a lame duck president no matter how you slice it he's a lame duck president
00:00:49
and again people around him are aware of it I've heard it from so many people in
00:00:52
his party we only need him for a couple more years they've said it uh and then we'll make them into an icon we'll do
00:00:58
some statues all good and so I think it's going to may be a little surprising and it's not again not cuz he's a good
00:01:05
person um as to uh my other prediction I do think there's going to be a lot more
00:01:12
advantage to companies in AI that you aren't thinking of like IBM Salesforce a lot of the others that are going to ride
00:01:18
on the rails of the enormous spending that uh whether it's $30 billion from from meta whether it's um uh 50 to 50 to
00:01:28
80 billion from Microsoft or all of them are spending I think those who ride the
00:01:33
rails on these things are going to be the beneficiaries that put them into place whether you're sales force helping
00:01:39
Disney with its lines that's one of their clients or um IBM or things like that so I would look to those companies
00:01:46
in a lot of ways who are going to be the real beneficiaries it reminds me of the
00:01:50
early internet it was not the companies that put up the websites like netf ncape
00:01:55
excuse me it was the companies that rode the rails and these rails are being put
00:01:59
in place not by our government but by companies and they're getting paid for whether it's energy costs everything
00:02:05
else so I would look to those companies in 2025 I think the AI Revolution is just getting started and it will start
00:02:11
to really it reminds me of early early internet and who who began and who succeeded were two very different
00:02:19
parties on to you Scott Galloway I like those uh so okay so briefly 2025 will be
00:02:27
the year of a new doop it'll be open video open Ai and Nvidia right now control arguably 90% of all traffic and
00:02:34
AI 90% of the queries 90% of the queries of the processors that are powering those answers to those queries are those
00:02:41
two firms and so it'll be kind of the new winel and people will start referring it to it as the most powerful
00:02:46
duopoly in the world we're we haven't seen I think we're going to see a bunch of raft of new unicorns in the
00:02:52
application layer of AI we have the infrastructure layer we have the llms themselves but every every Innovation or
00:02:59
new techn techology creates a bunch of interesting consumer applications I think you're going to see a raft of new
00:03:04
unicorns in healthcare where you upload your medical records your diet and it starts playing offense and come back
00:03:10
comes back to you with exact I told you for the first time I H was diagnosed with high blood pressure two and a half
00:03:16
months ago I went into AI I uploaded my urine my blood work my fecal work uh I talked very openly about my diet and it
00:03:24
came back with a series of recommendations and I took them to heart and I no longer have high blood pressure
00:03:31
and I think that's going to be systemized routinized and create a bunch of interesting applications around
00:03:36
Fitness healthc care especially I think around travel there's a huge opportunity
00:03:40
look at all I upload all my credit card bills all my past travel my calendar and
00:03:44
it starts proactively saying Scott we see that you're going to be in La for this meeting we're going to book you
00:03:50
here you should do this you should go see your dad you should do this I've already organiz what you upload to open
00:03:56
AI well so for example I I took my MRIs on my shoulders and I uploaded it to open Ai and I said please diagnose this
00:04:05
and tell me what I should be doing what stretching I should be doing and it comes back with a whole list of things I
00:04:10
mean you can you can upload a board de I'll give you an example Cara yeah we you know we're out in the marketplace
00:04:16
potentially thinking about our next four years I uploaded our deck that we put together on summarizing our business and
00:04:23
I said I basically said what is the likely deal we will get and what should we be thinking about I mean this is
00:04:30
so powerful and instead of having smart people prompt people are going to build a thin layer of innovation call someone
00:04:37
in that case and it's like calling calling your smart friend yeah interesting wow or but it'll be
00:04:42
proactive it'll say okay here's the new tra you know AI enabled travel and Expedia is going very hard at this and I
00:04:49
just say it just starts sending me text alerts saying oh we see you have this coming up this is this is your travel
00:04:55
itinerary and what we're thinking here are the decisions I need from you you know you just said exped I think they're
00:05:00
a ride the rails company too they're going to benefit anyway they don't have to pay for ride the rails go ahead yeah
00:05:06
I think so uh so anyway software basically SAS goes from um software as a service to Service as a software that's
00:05:13
what I kind of see my prediction for AI podcast this is going to be the the breakout year of podcast because this
00:05:21
election just illuminated uh what is going to be an enormous transfer of capital from the
00:05:27
political spending machine and that is they used to spend a ton of money on local broadcast TV stations because
00:05:31
those were voters I old people were and what they realize is where you go for voters is podcasts and if you can go on
00:05:38
one podcast and get the equivalent listenership of going on CNN MSNBC or Fox every night during prime time for
00:05:45
three hours for a week by going on one podcast you're just going to see in the amount of capital it's drawing the means
00:05:50
of production are less expensive so creators make more money which is drawing in more human capital 47% of
00:05:57
people have listened to a podcast in the last 30 days versus less than 10% uh 15
00:06:02
years ago I mean the medium is just the medium is going to boom and car I don't know I'm sure you're getting the same
00:06:08
calls I have all of these political candidates reaching out to me asking me for their for my views on things which
00:06:14
means I am running for something and I want to come on your podcast I have had four US senators write me both republ
00:06:21
recently text me this week it was crazy yeah can I come on podcast and I say to them the governors several Governors I
00:06:28
say to them you're you're ambitious running for something that's fine for me uh yeah 100% but don't don't pretend you
00:06:35
want to talk to me about policy right yeah um anyways this and podcast Revenue in 2025
00:06:42
is going to grow faster granted off a small base than meta or alphabet or Amazon it's going to be up 20 plus perc
00:06:50
the cpms it it's a better consumer it's a 34-year-old versus a 7-year-old it's much more impactful because we do host
00:06:58
read overs people go to cable news to sanctify their beliefs people go to people go to podcast to learn and also
00:07:04
there's a Vibe about podcasts where we try and present people in their best light and it's quite frankly it's just a
00:07:10
little bit more pleasant it's not as antagonistic so IPO of the year I think it's going to be and it's going to be
00:07:15
interesting one because it's probably going to have the London exchange uh Shen these models and disclosure I'm an
00:07:21
investor but if you look at Airbnb versus Marriott it needs a third of the employees with the same Revenue if you
00:07:28
look at Zara they doing about 400,000 per employees versus Shen said 2 million per employee if you look at Uber versus
00:07:34
the car manufacturers these asset light um all IP intensive versus capex intensive companies Shen doesn't own a
00:07:42
single truck Factory warehouse store it's all software driven and this year it's bigger than um Amazon retail in
00:07:52
apparel and next year it's going to pass Walmart to be the best Appel retailer in
00:07:55
the world and it's going public on the London exchange I think for a lot of reasons going to quote unquote be the
00:08:00
IPO of the year uh I think the technology of the year is nuclear you just saw Facebook basically put out an
00:08:07
RFP saying build us a nuclear power plant the friction in AI is energy requires 10 times the energy and people
00:08:13
have realized that it's one of the safest most productive most reliable sources of energy it's just been
00:08:18
terribly branded the last 20 or 30 years but some of the biggest brains have turned their massive Capital fire hoses
00:08:25
on nuclear 2025 is going to be the year of nuclear that'll be the technology of the year
00:08:30
and the substance of the year is testosterone and that is this election was supposed to be a referendum on
00:08:35
women's rights it wasn't it was a referendum on how poorly young people are doing specifically young males and I
00:08:41
think we're having a more honest and open conversation around the attributes around masculinity and the struggles of
00:08:46
young men I think that's come to the four and um Trump going flying into the manosphere was a direct um one of the
00:08:55
you know one of the fundamental reasons he was able to win the election I think if you look at the
00:09:00
if you look at the election who swung most violently away from Blue to Red it was people under the age of 30 and women
00:09:07
45 to 64 who I speculate are their mothers uh I think I think mothers and young people uh are really hit hard by
00:09:16
young people not doing as well and they just don't have the luxury of thinking about some of the other social issues
00:09:21
when their kids aren't doing well yeah so once again the penis once again well I what I would argue is I think people
00:09:27
are coming to the conclusion that women will not continue to flourish nor will the country flourish and on a much more
00:09:32
boring level I think the biggest lbos of in history are going to happen in 2025 there's so much capital on the sidelines
00:09:39
and my favorite two Targets are Target and Intel anything else that's all I got car I think it's going to be a great
00:09:44
year for us I think it's going to be a nice year um is there going to be vacation for us together or some no you
00:09:51
don't want a vacation with me I don't you got five kids you got like a 100 kids I don't want babies I have a
00:09:56
hundred kids I have a hundred of them yeah you know some of elon's kids are now my kids cuz they don't like them no
00:10:02
I'm kidding