00:00:00
I think the greatest brand destruction of the last 18 months is the US brand abroad and AI. So with America, Trump
00:00:06
has been convinced that this was his defining moment to be known as president that liberated the Middle East. But I
00:00:11
think the Trump administration will be [music] known for criminal corruption and incompetence and that incompetence
00:00:16
is bubbling up. And then the second greatest fall is AI and also Sam Altman who's gone to the dark side. And I'm an
00:00:23
AI optimist, but here's what we fail to understand these tech CEOs. They do not
00:00:27
have our best interests at heart. Scott, I was thinking come to you to help myself form my opinions on some of the
00:00:32
most sort of consequential issues going on in the world and when I look at some of the quotes from the CEOs of these AI
00:00:37
companies, I've got one here from Elon that says AI and robots will replace all
00:00:40
jobs. What's your view here? >> I think it's mostly The catastrophizing is nothing more than
00:00:45
thinly veiled attempt to say my technology is so devastating that it's going to shift society and you should
00:00:50
invest at this crazy valuation. And the data doesn't reflect that there's some
00:00:54
big exogenous meteor coming for the employment market. But I believe that it's actually going to create more jobs
00:01:00
than it destroys. But the scary thing for me is that because of AI and because of these frictionless relationships that
00:01:05
people are engaging in online, I think a lot of young people are losing the ability to endure rejection. But I think
00:01:11
a more important technology in terms of how it's going to change the world and
00:01:14
what will create more shareholder value is not AI. It's really