00:00:00
open a says it intends to move to
00:00:01
dismiss all of elon's musk's recent
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legal claims uh company shared more
00:00:06
about their mission and their
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relationship with Elon in a blog post on
00:00:09
Tuesday which included a number of old
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emails I love that they use them I use
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some in my book of his so you could
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understand what happened according to
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open AI they decided uh with Elon in
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late 2017 that the next step for the
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company was to create a for-profit
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entity and he it seems like he did agree
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Elon wanted M but he wanted majority
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Equity initial board control and to be
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CEO what a a narcissist this guy is
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he also withheld he did give money to
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them but he wanted everything for that
00:00:34
he also withheld fun funding uh money
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during these discussions of course they
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turned to guess what Reed Hoffman
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there's other rich people Elon there's
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other rich people who think AI is cool
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uh open a is Coming Out Swinging with
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this post uh the Wall Street Journal has
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piece on how Elon Sam Bromance turned
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toxic uh which we've talked about I've
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known about this for a long time um I
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don't I don't know if he's he's going to
00:00:57
move forward with the suit but these
00:00:58
letters are kind of um interesting um
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also open AI is also on the PR move open
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AI Google meta and 300 others signed an
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open letter this week pledging to build
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AI for a better future this letter
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mentions a collective responsibility to
00:01:11
maximize A's benefit and limit the risks
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as I'm posted about it on X say was
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excited for the spirit of this letter
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you know it's a it's a PR thing of
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course um so first uh uh we'll get to
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that but what do you think about uh
00:01:23
their their thing did you read their
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blog post I love it I think that they I
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mean for all the for all the criticism
00:01:30
wared criticism that Jack dorsy got I
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actually thought his board led by Brett
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Taylor literally just dissected picked
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apart and just just absolutely um draw
00:01:42
and quartered all of elon's arguments in
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thoughtful measured ways when he was
00:01:46
trying to back out of an agreement that
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he that he contractually signed up left
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right when he realized he'd overpaid for
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the thing in a fit of mania so I think
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it's I loved it I mean it's great
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reading it's just like okay let's be
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clear you gave us some money you then
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wanted to be the CEO you wanted to be
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the majority shareholder and it's clear
00:02:07
you weren't doing this for Humanity you
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were doing it for control and wealth and
00:02:12
we said no and found better options oh
00:02:14
and by the way it worked out really well
00:02:17
for us and our shareholders just FYI it
00:02:19
looks as if this company without the
00:02:22
benefit of your genius has done really
00:02:25
well right and I mean it's just it's so
00:02:29
obvious what's going on here and I find
00:02:32
it I'm shocked he's not more embarrassed
00:02:35
but we live in an economy now and in a
00:02:37
society where it's like just get
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attention oh wait should I weigh in on
00:02:41
the Disney proxy battle no I shouldn't I
00:02:43
have no domain expertise here
00:02:45
immigration stuff is so heinous this
00:02:47
week but go ahead and it doesn't even
00:02:49
matter and it's unfortunate because it's
00:02:51
our fault it doesn't even matter how
00:02:52
heinous or stupid or irrational my take
00:02:55
is as long as I'm in the news as long as
00:02:58
I'm in the news and that's where we are
00:02:59
we're in attention economy it doesn't
00:03:01
doesn't matter why you're in the news
00:03:02
just as long as you're in the news and
00:03:04
this guy is literally massively addicted
00:03:08
to attention and a lot of these guys
00:03:10
have some of the same addiction Bill
00:03:12
Amman is a really smart guy he can't
00:03:15
help himself he's like oh I got to weigh
00:03:16
in on this issue now I got a weighin on
00:03:18
Harvard's hedge fund I've got I'm going
00:03:20
to do a multi-part series on hedge fund
00:03:22
investing which I know nothing about and
00:03:23
I'm just going to rant about it but go
00:03:25
ahead sorry I'm going to do that yeah as
00:03:26
long as you can get ink right that's her
00:03:28
attitude it's such anyway I I
00:03:30
I've read it I thought they did a great
00:03:32
job I think they're going to clinically
00:03:35
uh take them limb from limb yeah I agree
00:03:37
I think what what you miss about someone
00:03:39
like Alman and the people around him and
00:03:41
I I think they're going to announce this
00:03:43
spectacular board I'm hearing all kinds
00:03:44
of different names they're talking to uh
00:03:47
I think they announced a spectacular
00:03:49
part you know even-handed board that's
00:03:51
full of stars um I think this has been a
00:03:55
huge mistake on elen's part and
00:03:56
interestingly on threads Dustin movitz
00:03:59
who was one of the early Facebook people
00:04:00
is essentially saying tech people let's
00:04:03
let's get together and start tell Sing
00:04:05
people elon's a essentially this is
00:04:08
what he's doing and he's
00:04:09
ruining the Brand Tech by doing this and
00:04:12
these guys let me just tell you they're
00:04:14
just they're just like him in the ways
00:04:16
they fight back they don't roll over and
00:04:18
so this was a not roll over thing and I
00:04:20
agree Brett Taylor did it effectively
00:04:22
more quietly Sam is more aggressive he's
00:04:24
more um and the group he's around
00:04:27
they're they're like they know him right
00:04:29
and they're going to come at him and
00:04:31
showing his greed which is what this was
00:04:33
essentially was perfect cuz he he tries
00:04:35
to to uh virtue signal about how he
00:04:38
cares about Humanity um and you know and
00:04:41
then they sign the letter which look
00:04:42
it's just whatever I just the pledge
00:04:45
doesn't have them to anything but it
00:04:47
gives them another like yes we do look
00:04:49
we're signing with everybody um I think
00:04:52
it's just fine to do that um it doesn't
00:04:55
it doesn't it's just a good move the two
00:04:57
things together are obviously linked
00:05:00
um well done I have to say I'm excited
00:05:02
to talk to Sam about it and I was I was
00:05:04
worried he he would say nothing but I
00:05:06
feel like he's going to say a lot about
00:05:07
it on stage uh himself so uh we'll see
00:05:10
on AI development anthropic just
00:05:11
released Claude 3 its latest group of AI
00:05:14
models the company says it's most
00:05:15
advanced model exhibits near human
00:05:17
levels of comprehensive influency uh
00:05:19
this is this anthropic has um a uh
00:05:23
investment from in from Amazon uh
00:05:26
obviously um we're also hearing about
00:05:28
this interesting company complexity is
00:05:30
several people have asked me to meet the
00:05:32
CEO looking to challenge Google's
00:05:34
dominance in web search kind of
00:05:35
interesting it just uh finalized new
00:05:37
funding deal around a billion dollar
00:05:39
valuation um really interesting company
00:05:42
I'm going to meet with the CEO um uh you
00:05:45
know it's an interesting time because
00:05:46
even though these are all big players
00:05:48
and you'd like to see not perplexity but
00:05:51
um these are well-funded players it is
00:05:53
really interesting to see this level of
00:05:55
competition in the area again I still
00:05:58
think that the government needs to be
00:06:00
part of this um and and that that that
00:06:03
we shouldn't not have they can virtu
00:06:06
sign know what they want about uh this
00:06:08
kind of thing but we definitely need the
00:06:10
government involved too I um I just
00:06:13
heard from Senator kachar that the
00:06:15
Appropriations Committee stole basically
00:06:17
an extra $45 million was supposed to go
00:06:19
to the antitrust doj this was the adding
00:06:22
to merger fees that actually passed and
00:06:25
they're trying to to to claw it back
00:06:27
from the justice department um for their
00:06:29
and they're in the midst of all these
00:06:31
antitrust cases um but I I I find that
00:06:34
offensive that this was money to be used
00:06:36
to help the government in certain areas
00:06:38
um which they dearly needed and so the
00:06:41
only piece missing here is government
00:06:43
involvement too on a on in a smart way
00:06:46
so that's what I would say thoughts um
00:06:49
so a lot there so um someone called me
00:06:52
and offered me in the secondary market
00:06:54
shares an anthropic at evaluation of I
00:06:56
think 18 billion which is their raising
00:06:58
money and it's just so crazy um that
00:07:02
valuation based on their metrics but
00:07:04
it's I I don't know I'm kind of tempted
00:07:07
and actually the reason I think I told
00:07:10
you this I've been buying or started
00:07:12
buying about a six nine months ago um
00:07:16
claims against a bankrupt FTX so you buy
00:07:19
them from the creditors and my total
00:07:21
motivation for buying them was I read in
00:07:23
the bankruptcy filing that they owned 8%
00:07:26
of anthropic and I thought well that
00:07:29
company's worth probably I thought I I I
00:07:32
pegged it higher than that I thought
00:07:34
that if open AI is worth 95 billion this
00:07:36
company's probably worth 30 or 40 so I
00:07:37
thought they're eight or nine million U
00:07:41
eight or n billion in claims against a
00:07:42
bankrupt FDX and I think their stake the
00:07:45
way I did the math was their stake
00:07:47
in um their stake in anthropic is worth
00:07:50
two to three billion or you're going to
00:07:52
get 30 cents on the dollar just from
00:07:54
their anthropic stake and anything else
00:07:56
they recover is gravy because when I
00:07:57
started buying I was buying at 23 cents
00:07:59
on the
00:08:00
dollar anyways that my motivation for
00:08:03
buying bankrupt claims against U FTX was
00:08:07
anthropic or specifically FDX is staken
00:08:09
anthropic anyway I because I'm hanging
00:08:13
out with you and you and H Tammy had had
00:08:15
took me to the White House I've gotten
00:08:17
some calls from the White House who are
00:08:19
working on AI and um they've been asking
00:08:23
for advice around individuals and and
00:08:25
their approach to it and what I said is
00:08:26
look the thing you got to keep in mind
00:08:29
is whenever you're speaking to a Jensen
00:08:31
Hong or a Sam Alman they're very
00:08:33
thoughtful guys absolutely speak to them
00:08:36
but keep in mind their objective and
00:08:39
their frame around everything Jensen
00:08:42
hang is going to find really rational
00:08:43
compelling reasons why he should be
00:08:45
allowed to sell sophisticate
00:08:46
sophisticated AI chips to
00:08:49
China Sam is going to argue for you know
00:08:53
in very thoughtful hush tones talk about
00:08:56
what we have to be considerate sure self
00:08:59
we know this yeah you have to get people
00:09:01
on this board and Advising you that are
00:09:05
totally charged with protecting the
00:09:06
Commonwealth not not shareholders and
00:09:09
the thing I don't like about a lot of
00:09:10
these boards is we're so fascinated with
00:09:11
people and the people that get the most
00:09:13
airtime are these very compelling people
00:09:16
who were the rush chairman in their
00:09:17
fraternity or sorority who will talk
00:09:20
their own book and that and they asked
00:09:23
me to outline the two biggest risks I'm
00:09:25
like in the short term hands down the
00:09:27
biggest risk of AI is disinformation
00:09:30
around the campaign and this is how I
00:09:31
think it'll play out I think Putin using
00:09:35
brilliant Ai and porous amoral
00:09:38
management platforms and management
00:09:40
respectively at social media firms will
00:09:43
produce deep fake AI driven videos of
00:09:46
Biden and it will be imperceptible it
00:09:48
won't be totally blatant it'll be
00:09:50
something along the lines of the
00:09:51
following it it won't make Biden look 81
00:09:54
it'll make him look 84 a little bit more
00:09:57
pause a little bit more shuffling of the
00:09:59
feet it'll be
00:10:01
imperceptible but it'll play into kind
00:10:04
of our worst fears around the president
00:10:06
and then the second thing and and this
00:10:09
was they're all over that they know that
00:10:12
the thing they didn't know is I think
00:10:14
actually the biggest risk of AI is that
00:10:15
if you look at a lot of the nationalists
00:10:18
and the people who have are real deep
00:10:20
conspiracy theorists it's not only young
00:10:23
men it's a lot of men working in our
00:10:25
armed services MH and I think young men
00:10:29
because they are lonely and they don't
00:10:30
have the economic opportunities they
00:10:31
used to have and because they become
00:10:33
much more prone to algorithms algorithms
00:10:35
who see an opportunity to exploit their
00:10:37
more risk aggressive behavior their
00:10:39
loneliness their gambling addiction I
00:10:42
mean if AI girlfriends pop up and these
00:10:45
men continue to be more and more
00:10:47
sequestered from society and AI starts
00:10:50
getting a hold of them you could find
00:10:52
some very scary individuals weaponized
00:10:55
at our ports in our Navy this feels like
00:10:58
a movie well it's funny you say that
00:11:00
that's another talk show I'm like I
00:11:02
think the biggest security threat to
00:11:03
America terms of really the Homeland
00:11:06
interesting is a group of young men who
00:11:08
are susceptible to AI algorithms that
00:11:11
will weaponize them and radicalize them
00:11:14
well interestingly you're a sick
00:11:16
but I I agree with
00:11:21
you
