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open a says it intends to move to dismiss all of elon's musk's recent legal claims uh company shared more
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about their mission and their relationship with Elon in a blog post on Tuesday which included a number of old
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emails I love that they use them I use some in my book of his so you could understand what happened according to
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open AI they decided uh with Elon in late 2017 that the next step for the company was to create a for-profit
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entity and he it seems like he did agree Elon wanted M but he wanted majority Equity initial board control and to be
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CEO what a a narcissist this guy is he also withheld he did give money to them but he wanted everything for that
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he also withheld fun funding uh money during these discussions of course they turned to guess what Reed Hoffman
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there's other rich people Elon there's other rich people who think AI is cool uh open a is Coming Out Swinging with
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this post uh the Wall Street Journal has piece on how Elon Sam Bromance turned toxic uh which we've talked about I've
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known about this for a long time um I don't I don't know if he's he's going to move forward with the suit but these
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letters are kind of um interesting um also open AI is also on the PR move open AI Google meta and 300 others signed an
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open letter this week pledging to build AI for a better future this letter mentions a collective responsibility to
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maximize A's benefit and limit the risks as I'm posted about it on X say was excited for the spirit of this letter
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you know it's a it's a PR thing of course um so first uh uh we'll get to that but what do you think about uh
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their their thing did you read their blog post I love it I think that they I mean for all the for all the criticism
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wared criticism that Jack dorsy got I actually thought his board led by Brett Taylor literally just dissected picked
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apart and just just absolutely um draw and quartered all of elon's arguments in thoughtful measured ways when he was
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trying to back out of an agreement that he that he contractually signed up left right when he realized he'd overpaid for
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the thing in a fit of mania so I think it's I loved it I mean it's great reading it's just like okay let's be
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clear you gave us some money you then wanted to be the CEO you wanted to be the majority shareholder and it's clear
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you weren't doing this for Humanity you were doing it for control and wealth and
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we said no and found better options oh and by the way it worked out really well for us and our shareholders just FYI it
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looks as if this company without the benefit of your genius has done really well right and I mean it's just it's so
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obvious what's going on here and I find it I'm shocked he's not more embarrassed
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but we live in an economy now and in a society where it's like just get attention oh wait should I weigh in on
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the Disney proxy battle no I shouldn't I have no domain expertise here immigration stuff is so heinous this
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week but go ahead and it doesn't even matter and it's unfortunate because it's our fault it doesn't even matter how
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heinous or stupid or irrational my take is as long as I'm in the news as long as
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I'm in the news and that's where we are we're in attention economy it doesn't doesn't matter why you're in the news
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just as long as you're in the news and this guy is literally massively addicted to attention and a lot of these guys
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have some of the same addiction Bill Amman is a really smart guy he can't help himself he's like oh I got to weigh
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in on this issue now I got a weighin on Harvard's hedge fund I've got I'm going to do a multi-part series on hedge fund
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investing which I know nothing about and I'm just going to rant about it but go ahead sorry I'm going to do that yeah as
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long as you can get ink right that's her attitude it's such anyway I I I've read it I thought they did a great
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job I think they're going to clinically uh take them limb from limb yeah I agree
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I think what what you miss about someone like Alman and the people around him and
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I I think they're going to announce this spectacular board I'm hearing all kinds
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of different names they're talking to uh I think they announced a spectacular part you know even-handed board that's
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full of stars um I think this has been a huge mistake on elen's part and interestingly on threads Dustin movitz
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who was one of the early Facebook people is essentially saying tech people let's
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let's get together and start tell Sing people elon's a essentially this is what he's doing and he's
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ruining the Brand Tech by doing this and these guys let me just tell you they're
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just they're just like him in the ways they fight back they don't roll over and so this was a not roll over thing and I
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agree Brett Taylor did it effectively more quietly Sam is more aggressive he's more um and the group he's around
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they're they're like they know him right and they're going to come at him and showing his greed which is what this was
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essentially was perfect cuz he he tries to to uh virtue signal about how he cares about Humanity um and you know and
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then they sign the letter which look it's just whatever I just the pledge doesn't have them to anything but it
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gives them another like yes we do look we're signing with everybody um I think it's just fine to do that um it doesn't
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it doesn't it's just a good move the two things together are obviously linked um well done I have to say I'm excited
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to talk to Sam about it and I was I was worried he he would say nothing but I feel like he's going to say a lot about
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it on stage uh himself so uh we'll see on AI development anthropic just released Claude 3 its latest group of AI
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models the company says it's most advanced model exhibits near human levels of comprehensive influency uh
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this is this anthropic has um a uh investment from in from Amazon uh obviously um we're also hearing about
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this interesting company complexity is several people have asked me to meet the CEO looking to challenge Google's
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dominance in web search kind of interesting it just uh finalized new funding deal around a billion dollar
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valuation um really interesting company I'm going to meet with the CEO um uh you
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know it's an interesting time because even though these are all big players and you'd like to see not perplexity but
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um these are well-funded players it is really interesting to see this level of competition in the area again I still
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think that the government needs to be part of this um and and that that that we shouldn't not have they can virtu
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sign know what they want about uh this kind of thing but we definitely need the government involved too I um I just
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heard from Senator kachar that the Appropriations Committee stole basically an extra $45 million was supposed to go
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to the antitrust doj this was the adding to merger fees that actually passed and
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they're trying to to to claw it back from the justice department um for their and they're in the midst of all these
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antitrust cases um but I I I find that offensive that this was money to be used to help the government in certain areas
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um which they dearly needed and so the only piece missing here is government involvement too on a on in a smart way
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so that's what I would say thoughts um so a lot there so um someone called me and offered me in the secondary market
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shares an anthropic at evaluation of I think 18 billion which is their raising money and it's just so crazy um that
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valuation based on their metrics but it's I I don't know I'm kind of tempted and actually the reason I think I told
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you this I've been buying or started buying about a six nine months ago um claims against a bankrupt FTX so you buy
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them from the creditors and my total motivation for buying them was I read in the bankruptcy filing that they owned 8%
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of anthropic and I thought well that company's worth probably I thought I I I pegged it higher than that I thought
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that if open AI is worth 95 billion this company's probably worth 30 or 40 so I thought they're eight or nine million U
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eight or n billion in claims against a bankrupt FDX and I think their stake the way I did the math was their stake
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in um their stake in anthropic is worth two to three billion or you're going to get 30 cents on the dollar just from
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their anthropic stake and anything else they recover is gravy because when I started buying I was buying at 23 cents
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on the dollar anyways that my motivation for buying bankrupt claims against U FTX was
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anthropic or specifically FDX is staken anthropic anyway I because I'm hanging out with you and you and H Tammy had had
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took me to the White House I've gotten some calls from the White House who are working on AI and um they've been asking
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for advice around individuals and and their approach to it and what I said is look the thing you got to keep in mind
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is whenever you're speaking to a Jensen Hong or a Sam Alman they're very thoughtful guys absolutely speak to them
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but keep in mind their objective and their frame around everything Jensen hang is going to find really rational
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compelling reasons why he should be allowed to sell sophisticate sophisticated AI chips to
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China Sam is going to argue for you know in very thoughtful hush tones talk about
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what we have to be considerate sure self we know this yeah you have to get people
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on this board and Advising you that are totally charged with protecting the Commonwealth not not shareholders and
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the thing I don't like about a lot of these boards is we're so fascinated with people and the people that get the most
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airtime are these very compelling people who were the rush chairman in their fraternity or sorority who will talk
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their own book and that and they asked me to outline the two biggest risks I'm like in the short term hands down the
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biggest risk of AI is disinformation around the campaign and this is how I think it'll play out I think Putin using
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brilliant Ai and porous amoral management platforms and management respectively at social media firms will
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produce deep fake AI driven videos of Biden and it will be imperceptible it won't be totally blatant it'll be
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something along the lines of the following it it won't make Biden look 81 it'll make him look 84 a little bit more
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pause a little bit more shuffling of the feet it'll be imperceptible but it'll play into kind
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of our worst fears around the president and then the second thing and and this was they're all over that they know that
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the thing they didn't know is I think actually the biggest risk of AI is that if you look at a lot of the nationalists
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and the people who have are real deep conspiracy theorists it's not only young men it's a lot of men working in our
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armed services MH and I think young men because they are lonely and they don't have the economic opportunities they
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used to have and because they become much more prone to algorithms algorithms who see an opportunity to exploit their
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more risk aggressive behavior their loneliness their gambling addiction I mean if AI girlfriends pop up and these
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men continue to be more and more sequestered from society and AI starts getting a hold of them you could find
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some very scary individuals weaponized at our ports in our Navy this feels like a movie well it's funny you say that
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that's another talk show I'm like I think the biggest security threat to America terms of really the Homeland
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interesting is a group of young men who are susceptible to AI algorithms that will weaponize them and radicalize them
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well interestingly you're a sick but I I agree with you