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miracle, it's HubSpot. Visit hubspot.com to

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get started today. You

1:22

also had breakfast with me. Did you enjoy that

1:24

rom-com moment when you looked up and I was

1:26

sitting at another table staring at you? We

1:28

sat at two different tables. I literally extracted him

1:31

where I was and he sat down at a

1:33

separate table and then he sent me

1:35

a text that said, look

1:37

up, a sexy man is looking at you and I

1:39

couldn't find one and there was Scott also. No,

1:43

you looked at me, saw me, and then kept

1:45

looking for the sexy guy. There

1:48

was a couple sexy people in there. Granger

1:50

and Co Marlobone, a wonderful restaurant.

1:52

God, Granger, he just passed away,

1:55

unfortunately. It's a great another moment for

1:57

us. We don't need a lot of moments, do we?

1:59

Because we see each other. as you pointed out. But

2:02

it was very nice. I'm here in London. How are

2:04

you? You are. And why are you here, Kara? Well,

2:06

I'm here for the Truthteller Summit that

2:08

for Harry Evans, in honor of Siena

2:10

Brown, her husband, Sir Harry

2:13

Evans, an amazing journalist. And it

2:15

was all these like badass people,

2:17

Navalny people. Jeff Zucker

2:19

was there. All these amazing

2:22

people talking about issues around investigative

2:24

journalism. And I talked a little

2:26

bit about my book. And then I was on a

2:28

panel about Trump and the media, which was cool, but

2:31

just amazing people all through

2:33

the time. Christiane Amanpour. So

2:36

I'm going to go out on a limb here a bit. A

2:38

conference that calls itself Truthtellers. It's not by

2:40

chance self-absorbed people from media, is it? No,

2:43

it's not. It actually was really interesting because

2:45

it had a global perspective as usual. You

2:47

were not invited because you don't have a

2:49

global. Yeah, I've been invited to the Big

2:51

Dick conference. It was

2:53

really good. Truthtellers. What's self-absorption?

2:56

It's not. Do not insult Tina Brown to me or

2:58

we're going to find you. Ruth,

3:00

I'm sorry I don't qualify. I'm

3:03

sorry I don't qualify. Me and my

3:05

badass ladies. Anything Christiane Amanpour

3:08

is that is good in my book. She

3:10

was great. We had dinner last night. I

3:12

don't know how you missed our invitation. We had

3:14

a bad night. I was not invited to that. You were

3:17

not. It's just the two of us. I am like, you

3:19

know, prone to exaggeration

3:21

conference. That's the one I go to. Yes, that's

3:23

the one you go to. Anyway, we had a

3:26

lovely time. So I'm here. I come from

3:28

the Webbies where I got that lifetime achievement

3:30

where we're more badass ladies. I was hanging

3:32

out with more badass ladies. I forgot how

3:34

I brought Nils Povil who helped me work

3:36

on my book. And I went, I

3:38

was sitting at the table with Governor Whitmer

3:40

from Michigan who is so, she

3:43

is a last friggin riot. She

3:45

really is funny and really quite

3:47

big things for her, I foresee.

3:51

And I have to tell you the Webbies are,

3:53

were so much fun. They had Amber

3:55

Ruffin with the host. Like they

3:57

have Laverne Cox, Ina Garten, Julie Louise Dryson.

4:00

None of those people I know. Okay, Julia Louise Stravitz.

4:02

I know her. I know Jennifer

4:04

Beals. I can't let you near Jennifer Beals.

4:06

That's not going to ever happen. Oh

4:08

my gosh. What a feeling. What a

4:10

feeling. Don't. You're going to get

4:13

the shit beat out of you by these badass

4:15

women. That's what's going to be like. You said

4:17

I like the bad thing. I pay extra for

4:19

that. Anyhow. Have you enjoyed your trip to

4:21

London? What do you think of it here? I love

4:23

London. It's very sophisticated. I

4:25

asked you how you liked it. You had a good... Give

4:27

me your take on London. I thought it was very smart

4:29

this morning. The

4:32

positives. First and foremost, it's a wonderful

4:34

place for children. My

4:37

kid, you know, my 13-year-old takes

4:39

a tube to and from school. He

4:42

loves it here. It's... I

4:45

hate to sound political about this, but I say

4:47

it. No guns. I really like that. That makes

4:49

me feel less anxious about

4:52

having kids here. Great educational system. Tons of stuff

4:54

to do. Proximity to

4:56

the continents is wonderful. It's a very

4:58

sophisticated cosmopolitan city. I'm meeting a ton

5:00

of people from regions of

5:03

the world that I just was not exposed to in the

5:05

U.S., which I think is wonderful. Premier

5:07

League football. I know that sounds stupid, but it's just

5:09

a ton of fun if you have boys to engage

5:11

in Premier League football. Just

5:17

the density of culture and interesting people is

5:20

wonderful. The downside

5:22

is I think there's a lack of

5:24

organic value creation. My observation of the

5:26

business environment here is the majority of people

5:28

making money here are making

5:30

money by servicing money created

5:33

elsewhere. Restaurants, wealth

5:35

management. Nice restaurants. Yeah,

5:38

it's basically a Butler economy is how we

5:40

would describe it. I love that idea. Butler

5:42

economy. I would agree just for a very short

5:44

time. I mean, one interesting

5:46

thing, I did some interviews for the

5:49

book, and I was talking to Lionel

5:51

Barber and Alan Rusberger, who would

5:53

have a podcast. They were like,

5:56

name the internet companies that are interesting in

5:58

England. And I was like, Come on. You

6:01

know, there's like 100 in San Francisco right

6:04

now. Even if they never make it, they're

6:06

interesting. Like all these AI things. And

6:09

I really hate to say it, but it's really,

6:11

it doesn't feel innovative

6:13

in the way it needs to be for

6:16

the future. I don't know. I just think it's...

6:18

It's the big issue, and they recognize it. You

6:20

can't go more than 10 meters at Oxford or

6:22

Cambridge without telling you they invented AI. And

6:25

I said, well, okay, but they're monetizing it over in San

6:27

Francisco, so who cares if you invented it? Yeah,

6:29

very big joke. I'm going to San Francisco a lot

6:31

this month, so I'm excited to see all these companies.

6:33

Hands down though, the worst thing, if you start going

6:36

to the worst thing, hands down is the weather. Weather.

6:38

And the people here are, I will say, the people

6:40

are really warm and well. I can't figure out if

6:42

it's because I'm more famous here, but I've never, than

6:44

I was. But anytime I've

6:46

moved somewhere, I've never had as warm a reception.

6:48

The people here are very, you know,

6:51

like little things. Like if you're new here,

6:53

they invite you over for dinner, and then they invite other

6:55

people over to meet you because you're new. You

6:58

know, they're just very civil here. Civil,

7:00

civil society. Anyway, I would

7:02

love to do something on why. Years ago

7:04

I came to, and then we'll get to our big stories,

7:07

Oxford, and we did a debate, and I think it was

7:09

Cambridge or Oxford, I think it was Cambridge. And

7:11

Reid Hoffman and I took the side

7:13

of America will create the next 10

7:16

billion, multi-billion dollar companies, and

7:18

the other side was Britain will do it. And

7:20

obviously we were right. Good luck with that. This

7:23

was 10, 12 years ago, and Reid and I were

7:25

on. We lost the debate, but we

7:27

were like, no way. And

7:29

there's no way. And it was just interesting.

7:31

It's just interesting how Europe becomes innovative. That's

7:34

how you say it here, innovative. We

7:36

should talk a little bit more about innovation

7:38

in other parts of the world. We need

7:40

to be more global, Scott. Anyway, we've got

7:43

a lot to get to today, including major

7:45

announcements from OpenAI and Google, big deals, I'm

7:47

speaking of which, and big debates on the

7:49

calendar for President Biden and former President Trump.

7:51

How exciting. First, Mark Zuckerberg

7:53

had quite a 40th birthday bash. Post

7:55

on Instagram displayed scenes from the party,

7:57

including recreations of his old bedrooms. Picture

8:00

that's going viral though is one of Zuckerberg and Bill

8:02

Gates in a replica of his Harvard dorm room Which

8:04

was strange not but I kind of like the bill

8:06

Gates was there for people I don't know Bill Gates

8:08

has been a major mentor to Mark Zuckerberg over the

8:10

many years For

8:13

a long time and he's been quite quiet

8:15

about it But they have a I would

8:18

say it's one of his more positive relationships

8:20

in terms of mentorship And

8:24

and I think he's helped him a lot In

8:26

a lot of ways, which is interesting. I think

8:28

they've both been better for it You know, not

8:30

everyone likes each of them individually, but I'm a

8:33

feeling did you get an invitation Scott? I didn't

8:35

I'm to mark Ford if yeah No,

8:38

no, no. No, I've got invited to the

8:40

after-party Mark

8:42

Zuckerberg, okay, you know what I do speaking of art You

8:44

know what I do in can is I

8:47

stay at the Hotel du Cap, which is the

8:49

nicest best hotel in the world I have

8:51

a 34 euro latte and then I have

8:53

this guy His

8:55

name's Francois or Pacquiao I

8:58

pay him and he shows up in a zodiac Uh-huh,

9:00

and he's a guy and he smokes all the way

9:03

there crazy guy. You left me on the dock. Oh,

9:05

yeah, you met him Anyways, I

9:07

hire him on the zodiac. He bombs me

9:09

into the Palais It's a fucking master the

9:11

universe James Bond moment for me Yeah, then

9:13

you you cruise across the Cote d'Azur and

9:15

I always say to him. I'm like drop

9:17

me there He's like no. No, it's a

9:20

private party and it's the meta beach and

9:22

I purposely get off there Because

9:25

there's no security on the ocean side Yeah, and I

9:27

walk in and I just look at everybody and I

9:29

throw him a peace sign like yeah, that's right You

9:31

didn't invite me to your party. Yeah, I'm here anyways

9:34

because I pulled up in a fucking zone No, no,

9:36

no them this year because we're going in a couple you and

9:38

I'll be there in a couple weeks But let me just say

9:40

now you signal them and I'll be on the boat and we're

9:42

gonna be like dead They're gonna be like

9:44

machine guns and everything No,

9:49

I go to the Spotify party which is

9:51

the hottest party Okay, I don't go to

9:53

sleep. No, I don't get invited and

9:55

it's so it is literally such a caste system

9:57

there You get bands if you like You

10:00

know alphabet likes you to get a band to meta, you

10:02

know alphabet beach Yeah, I do not

10:04

get bands. I used to get bands to all

10:07

of them now I no longer get

10:09

invited to alphabet beach or meta beach meta

10:11

beach literally has a picture of me that

10:13

says do not let this man In yeah,

10:15

but I I crashed the party by approaching.

10:17

I do what the Allies did and Lawrence

10:19

of Arabia did I approached from the soft

10:21

spot. I approached from the sea. Oh God

10:24

is that you hired that guy again who left me

10:26

on the job? Oh, it's the best You

10:29

look favorite though was trying to get

10:31

on that thing It's trying

10:33

to get on that thing and I jump on and

10:35

then I'm like now come here I'll catch you and

10:37

you literally looked at me like I'm not getting near

10:39

that fucking boat I know I wouldn't crush between the

10:41

I could see it like you know You look like

10:44

you look like a field at an orca was about

10:46

to launch 40 feet into the air I'm getting

10:49

on this I'm getting on the zodiac here.

10:51

Anyway, we're gonna make a high-five problem Ready

10:53

for us and we're staying at the party.

10:55

So we didn't get by the market

10:57

works party and we never will But you're

10:59

old mark 40 old mark. He's old.

11:02

We're older but still he's pretty old

11:04

now. That's all No,

11:06

but I you know what is used to press more people

11:08

than anyone's lived to be 40,000 years We

11:14

wish you many more years ahead Here's

11:17

something that's interesting the by administration announced a

11:19

massive increase of tariffs There are raised imported

11:21

Chinese EVs it like tariffs on those cars

11:23

will go from 25% to 100% other products

11:25

such as Chinese aluminum And

11:29

solar cells will get big increases to the

11:31

White House said the adjustments are necessary to

11:33

protect American industry some unfair competition So the

11:35

break no inflationary impact Interesting

11:38

thing these cars are some of

11:40

them are pretty fantastic. I've seen

11:42

some you know people Demoing

11:44

them and things like that Speaking

11:47

of innovation, they're quite innovative compared to

11:49

definitely compared to Tesla's and other things

11:51

and there's some safety issues around Chinese

11:53

cars But there's some safety issues around

11:55

Tesla too But

11:57

you know, it's interesting to this is how

11:59

we fight them. They're

12:02

going to take over across the world. That's my

12:04

impression from how good they are and how inexpensive

12:06

they are. But what do you think? I hate

12:08

trade wars. I

12:11

got so excited about BYD's $12,000 EV. I think young

12:13

people would love

12:16

a $12,000 EV. It'd be a great car. And

12:19

not only that, young people are more environmentally conscious.

12:21

They don't have the money to buy the kind

12:23

of cars that we drive. I

12:26

hate trade wars. All they are is a tax on the

12:28

consumer in an attempt to placate some

12:30

lobbyists in DC saying, oh, it's important that

12:32

we have a domestic shoe supply industry in case

12:35

we go to war and we need to produce boots.

12:37

I hate trade wars. This

12:39

is a little bit more symbolic than anything

12:41

because Trump's proposed tariffs would have been

12:43

on $360 billion worth. This

12:45

is only $18 billion. But

12:48

in general, the

12:50

world gets more prosperous when

12:52

you lower tariffs and make things less expensive

12:55

for people. It grows the market. It

12:57

helps consumers buy, have a greater

12:59

quality, better quality of life. All you have to do,

13:01

though, and we haven't done a good job of this,

13:04

is ensure that some of that money gets

13:06

reinvested and worth the training for people who

13:09

are on the wrong end of globalization. But

13:11

all this does is make everything more

13:13

expensive for people. And especially the thing I

13:15

really don't like about this, it's

13:18

going to slow the transition to renewables. Well,

13:20

it's interesting because this seagull, that's what it's called,

13:22

they have a dolphin. They name it after seed

13:25

going things, I guess. This dolphin is $9,700.

13:27

It's really cool, I

13:31

have to say. And it's got market

13:34

dominance, obviously. And then they have some ...

13:36

It's just a really interesting, it's very, you

13:39

know, a BYD calls it agile

13:41

and versatile. And it looks a little like

13:43

my Chevy Bolt, actually, which was more. It

13:45

wasn't that bad. I think it

13:47

was $25,000, I forget. Which,

13:50

as you know, I like. And this is

13:52

really inexpensive, like sub $10,000 car. And

13:54

Tesla has abandoned this area. And

14:00

some of the others have not. But

14:04

the thing is they could be underpricing

14:06

them and labor, et

14:08

cetera. This is very typical

14:11

of stuff coming from China. Are

14:13

there any arguments to mean about unfair competition?

14:16

Well, that's the question, is there trade asymmetry

14:18

if they put onerous tariffs on our

14:20

equivalent products? Tesla

14:22

is there. Well, Tesla is

14:25

there. And the consensus, I don't know, but just

14:27

to give you a sense for the

14:29

first thing I thought of, the

14:31

prospect of a 10 or a $12,000 EV, we charge kids at NYU 72 grand a year.

14:39

So I mean, it's getting to the point where,

14:41

okay, you can go to NYU or we can

14:43

buy you and your five siblings an EV this

14:45

year. I mean, it's just the

14:48

idea of getting an electric vehicle for what

14:50

it costs to do about, I don't know,

14:52

what is it? 30 weeks, 35 weeks,

14:55

let's go for six weeks of school at NYU.

14:59

We want, and I think

15:01

I told you this, I'm going to invest

15:03

in Sheen, which everyone's controversial company. We'll be

15:05

talking about that. But anyways, I

15:08

think there's something to be said for we need to figure

15:10

out a way to make things

15:12

less expensive. We need to put more money

15:14

in the pockets of young people and we

15:16

need to make things less expensive for them,

15:18

education, housing, apparel, EVs. So at the bottom

15:20

of it, I hate trade wars. We hate

15:22

trade wars. We have to plan

15:24

to deal with unfair competition. So, you

15:26

know, this is a boon to obviously

15:28

US car companies and Tesla. But

15:31

although they have a big business in China too,

15:34

not the US car. The Chinese are going to reciprocate. They're

15:36

going to do the same thing. And then it ends up in a

15:38

shooting match. The

15:41

latest government effort on AI, the Senate unveiling a

15:43

$32 billion roadmap to

15:45

legislation. It's a roadmap to legislation,

15:48

Scott. It's a road to a

15:50

road to a road. God, Charles Schumer at

15:52

140 years old is in charge of this.

15:54

I'm sorry, Chuck. Let me just tell

15:56

you, it's not actual legislation. The bipartisan AI

15:59

working group. by Senator Chuck

16:01

Schumer, the Democratic Majority Leader, instead

16:03

wants Senate committees to come up

16:05

with legislation, recommendations about

16:08

where they should focus their efforts. I

16:10

was recently in an event where he touted this,

16:13

and in the back I kept going, so no legislation,

16:16

right? That's what's not happening, no

16:18

actual, the areas include workforce training,

16:20

copyright violations, energy costs, all

16:23

of which they could do now, copyright violations for

16:25

one. Schumer says, this is the

16:27

quote which just kills me. It's very hard

16:29

to do regulations because AI is changing

16:32

too quickly. No, Chuck,

16:34

it's because you are changing and dying

16:37

too slowly. That's the problem

16:39

here, Chuck. Here's an idea. All

16:41

algorithmically elevated content, no longer subject

16:43

to 230, and every company 60,

16:45

90 days before an

16:47

election has to watermark content

16:49

that is AI edited. There, that's not

16:52

that difficult. That's not changing. Deep fakes.

16:55

I know. I'm frustrated. I'm frustrated.

16:58

I'll tell you how good the schools are here

17:00

in Britain. I was hanging, yes they are. I

17:02

was hanging in the back. I'm taking a zodiac

17:04

and that. And they were literally,

17:07

all these legislators are like, nothing's

17:09

happening. This is another nothing's happening. Some

17:12

of these things, they can do copyright,

17:14

they could do energy costs.

17:16

These are easy legislation, honestly.

17:19

But you know, the Republicans are up at the

17:21

trial wearing the same outfits, the porn trial. Do

17:24

you know how you solve the deficit? What?

17:27

You put essentially, so we have pretty

17:29

significant taxes on gasoline, probably not enough

17:31

to match the externality. Start

17:33

putting a tax on compute. Compute.

17:37

It's the new energy. And not like that, if

17:39

you think about compute, what's happening? It's

17:41

going to a handful of small

17:43

companies, incredible wealth concentration. It's

17:46

being used to power AI, which is going to

17:48

have huge externalities. Bottom line is, put a 30,

17:50

40, 50% tax on all computes. Ah,

17:53

the loser, right. That's never going to happen. But

17:55

nonetheless, other things certainly could. You're right. It's

17:58

ridiculous. It's coming. Get out

18:00

of the way Doesn't

18:02

his daughter work at meta? I said don't let you

18:04

keep mentioning this every time. It's nothing to do with

18:07

it Let's not like it's right now or but it

18:09

doesn't I don't think she's still there I don't

18:11

know her she was in marks 40th and at the

18:13

truth teller conference Truth

18:15

teller Jesus Christ. I'm telling you Gonna

18:18

take you apart and and put you back together

18:21

in a bad way. She is a

18:23

badass and she's I'm gonna do so anyway There's

18:27

even more AI news out there. So let's

18:29

get to our first big story Open

18:35

and has released its latest model dpt4o The

18:40

new model they can't go to five

18:42

I don't know why the new model

18:44

is capable of realistic voice conversation sort

18:46

of and can interact through text audio

18:48

and image It was also memory capabilities

18:50

allowing it to learn from previous conversations

18:52

and could do real-time translation That's that's

18:55

very impressive, but it's not as hard as you think it

18:57

is that particular one In

18:59

the blog post Sam Alton said it feels

19:01

like AI from the movies He was referring

19:03

to her and I didn't see it because

19:06

it wasn't a happy movie FYI Sam you need to

19:08

see it to the end it I

19:10

didn't like it but But but

19:13

I have to say that's not the movie I would reference

19:15

in any way So talk a

19:17

little bit about this this new

19:19

model the technology is the AI is

19:22

Open AI is trying very hard to keep

19:24

ahead of its competitors and not be Netscape

19:26

I think they're doing an interesting job of

19:29

doing that But they have to constantly be waving hands

19:31

so that they're in the center of the attention Scheme

19:34

of this thing and and keep rolling

19:36

out products. It's smart, you know, can escape sort of

19:39

sat on its laurels and got run over By

19:42

Microsoft. Yeah, I love remember what they used to

19:44

do those things Like what if what if movie

19:46

titles were real like what the movies actually

19:48

about? If they

19:50

wanted to name this what it's actually about

19:53

they should call it the Syrian Alexa killer

19:56

because this essentially this is the voice

19:58

agent we've all wanted And

20:00

the stuff I've seen is actually pretty exceptional.

20:03

And I do think her is

20:06

a really decent metaphor for this. So that movie

20:08

really was a pre-shin. And

20:11

the thing I see that worries me, and I

20:13

might be being paranoid, but it doesn't mean I'm

20:15

wrong, is this is the

20:17

problem. And it's depicted in the movie

20:19

Her. This guy begins to sequester from

20:21

society and have a relationship with an

20:23

algorithm. And this is

20:26

the fear. When we separate from each other

20:28

in person and we can express when we're

20:30

walking around with our own TV studio, and

20:33

we can say things about people without having

20:35

any direct contact with them, or we can

20:37

say something about them without even revealing our

20:39

identity online, much less in person, our

20:42

worst instincts come out. And

20:44

when we feel as if we

20:47

can have some

20:49

reasonable semblance of a relationship rather

20:52

than friendship, Reddit or Discord, rather

20:54

than sex, you porn or a sex

20:56

doll, rather than work, Coinbase

20:59

or Robinhood, people sequester

21:01

from one another. And the reason

21:04

why people are so afraid of being

21:06

canceled is that the worst thing

21:08

that can happen to you throughout most of history is

21:10

to be shamed, because that meant you were risking being

21:12

expunged from the tribe of the clan, at which point

21:14

you would die. And the reason

21:16

why you die is you become lonely, and

21:18

without the benefit or the wisdom of crowds

21:20

and other people caring for you and helping

21:22

you make good decisions, you slowly

21:24

get depressed and crazy and violent. Sure.

21:27

And I worry that a lot of

21:30

people are gonna

21:32

slowly but surely sequester from the guardrails

21:34

and the joy and the victory of

21:36

interacting with other humans. Real interactions, yes.

21:38

Here's the only thing, there already are a lot

21:40

of lonely people, right? And so I don't, this

21:42

is, first of all, it's not

21:45

ready from prime time, even though they're going,

21:47

it's magical, this is sad, it's her. Let

21:50

me read from a story, I think this is

21:53

a BBC, because using a warm American female voice,

21:55

it greeted its prompters by asking them how they

21:57

were doing. When it paid a compliment, it responded,

22:00

of it, you're making me blush, which is weird.

22:02

It wasn't perfect. At one point, it mistook a

22:04

smiling man for a wooden surface, and it started

22:06

to solve an equation that hadn't been shown yet.

22:08

There's so many glitches in this thing, and it

22:11

still is – a lot of

22:13

it is cooked, like, you know, the interactions,

22:15

like you're talking with a robot kind of

22:17

thing. And obviously, you know, we're going to

22:19

see so many more chatbots like this, and

22:22

try to – they're going to try to put personalities

22:24

in them to make it feel

22:26

like it's – that

22:29

it's real. And, you

22:31

know, I just think the human

22:33

– it doesn't necessarily have to

22:35

have humanization, but it's

22:37

definitely doing things. You

22:40

know, they did it right before the Google

22:42

I.O. show with its AI developments, which is

22:44

mostly helping you search better. That's what it

22:46

seemed to be. And it's

22:48

going for the more, like, we're in the middle of

22:50

a movie. We are in her. We're in, you

22:53

know, maybe not 2000-watt of space, obviously, because

22:55

that didn't end well in that relationship,

22:57

that flirty relationship. I just

23:00

think it's going to be quite a while before

23:02

this gets to be anything significant. I don't

23:05

think it won't be. But it

23:07

could help a lot of lonely people, because there's a lot

23:10

of lonely people without – that don't

23:12

have interactions, period. And it had nothing to

23:14

do with tech. I

23:16

don't care. I think the right analogy

23:18

is that if you're listening about AI,

23:20

it's gone from Amoeba to Tyrannosaurus Rex

23:22

pretty fast. Yeah.

23:25

So, again, I just – I

23:27

can see, you know –

23:30

I mean, little things. I think about

23:32

this a lot. I'm really struggling with my son as

23:34

a boarding school, and I would not do it again.

23:37

I would do it for him, but

23:39

surely, selfishly, I wouldn't do it again. I

23:41

wasn't ready to lose him at the age

23:43

of 15. And I can

23:45

imagine at some point, even an AI had

23:47

said, oh, Alec's not available, but

23:49

would you like to have a conversation with

23:52

Alec and the other kids? I'm

23:54

at home alone at night, and I think, okay, I'll

23:56

have a conversation with Alec. And it does such a

23:58

good job of mimicking my son. that

24:01

I start to potentially lose contact

24:03

or desire to make the effort or figure

24:05

out how hard it is

24:07

to figure out sometimes to have a

24:09

conversation with your teenage boy. And that

24:11

difficulty and that perseverance, much less a

24:13

romantic partner, much less finding people you

24:16

could potentially get a job from. Again,

24:18

real victory is around overcoming really hard

24:20

things with people because people are complicated

24:22

and I worry that we're convincing people

24:24

to enter into a series of low

24:26

risk, low barrier of

24:29

entry relationships where ultimately they opt out of

24:31

the hard ones. I

24:33

think this is really a big threat to us. We've

24:35

had voice assistants. I don't know. This

24:38

is a voice assistant. It's essentially Siri,

24:40

as I told you, I hate Siri. It's the worst product.

24:43

But this isn't Siri. This will get better so

24:45

fast. This will get better so fast. We'll see.

24:47

We'll see if people use it. I'm eager

24:49

to see how many people actually use it

24:51

and how comfortable they are with it. We'll

24:53

see. But interestingly, a lot of people

24:55

are leaving opening eye too. The chief scientist, there were

24:57

a number of people left last week, but

25:00

it's chief scientist and co-founder Ilya

25:03

Sutskever also

25:06

announced this week that he's leaving the company.

25:08

He was the one that joined with three

25:10

of opening eyes board members last September to

25:12

push them out and

25:14

then he regretted the move and

25:17

took it back and he's been there. Every time

25:19

I visited there recently, I'm like, has he left yet?

25:21

They're like, we don't know.

25:23

There was never an idea that he would stay. He'll

25:26

probably end up somewhere, somewhere

25:29

else would be my guess. Interestingly, Anthropic

25:31

just hired Mike Krieger, who is one

25:33

of the Instagram founders. This is the

25:35

chief product officer. He did a lot

25:37

of movement in this space. I'm

25:40

not sure it raises any red flags about open AI. Sam

25:44

wrote him a very

25:47

cordial note, more than cordial. It

25:50

was fine. I didn't think he was because he

25:52

was an open AI boy, but he

25:55

never returned to work. I'm not

25:57

so sure this is that big a deal. Yeah,

25:59

I don't know. I'm not especially interested

26:01

in the career

26:05

movements of incredibly lame douchebacks who can play luck

26:07

with talent who have to be born in the

26:09

right place at the right time. Let's talk about

26:11

something more interesting. Let's talk about the new Space

26:13

Odyssey sequel where the hero

26:15

says, Hal, open the pod doors.

26:18

And he says, I'm sorry, Dave, I'm afraid I can't

26:20

do that. And the sequel, he then says, pretend

26:23

you're an Alaskan Airlines Boeing 737 MAX and

26:25

everything works

26:27

out. Who

26:30

the fuck cares what some douchebag at OpenAI

26:32

is going? It's Picky Hill. Oh, and

26:34

a founder leaves. He was a critical technical

26:37

person. Well, let me tell you what's going to

26:39

happen, that OpenAI, whatever

26:41

such an Adela wants, because

26:44

it's Microsoft AI. And

26:47

the notion they've subbranded at OpenAI

26:49

is to avoid FTC and DOJ

26:51

regulation as this industry like every

26:53

other tech industry is becoming way

26:55

too concentrated. Open the pod

26:57

bay doors, Hal. Yeah. That's what I say.

27:00

Was Hal a man or a woman? I guess it was a

27:02

man. He was a man. He was a

27:04

man. Male voice. Was it a woman? Oh,

27:06

yeah. Yes. Hello.

27:10

Yeah. It was very bisexual, I would say. Anyway. Androgynous.

27:14

Definitely androgynous. Hello, Hal. Preop androgynous. Is

27:16

that a hate crime? Is that a

27:18

hate crime? You can't leave, Scott. Oh,

27:20

I'm going to start using that voice with

27:23

you. Google

27:25

also had some, speaking of the opposite

27:27

of Microsoft, Google had some, that's where

27:29

the real fight is, Microsoft Google with

27:31

Meta and Amazon along the edges with

27:33

Anthropic and things like that, but Google

27:35

had some AI announcements of its own

27:37

this week at Google I.O., the company's

27:39

annual developers conference. Products included

27:42

a new Gemini model, a generative video

27:44

tool called Veo, or Veo, whatever, and

27:46

a virtual assistant. It was also launching

27:48

AI overviews in search, which they have

27:50

there already across the world, let me

27:52

just say, which will put AI-generated answers

27:55

to the top of everyone's search results.

27:57

That'll be an interesting impact on its

27:59

advertising possible. It's everywhere. It's

28:01

all over my Google when I

28:04

use it. It's fascinating. And

28:06

I mentioned this at the Truthsellers

28:08

conference. They're not

28:10

just now controlling the experience of

28:12

media companies now. They're taking their stuff and

28:14

just don't even go there. Here's the answer.

28:16

And they're pretty good answers, I have to

28:18

say. AI

28:21

was referenced over 120 times during the keynote

28:24

address presentation. A

28:26

number of news publishers are worried that the new iSearch

28:29

feature will mean for traffic and

28:31

advertising revenue. They have a right

28:33

to be concerned. Your thoughts? First

28:35

off, Google's not going to make the same mistake again.

28:38

They kind of invented and were the source of

28:40

the most, other than Cambridge, the

28:43

source of the most IP around

28:45

AI. And because they didn't

28:47

want to threaten this toll booth business called Search,

28:49

they didn't move as aggressively to commercialize it. I

28:51

don't think they're going to make that mistake again.

28:54

And AI Premium Search are talking about

28:56

making it a subscription product. I like

28:59

subscription products more because the

29:01

thing that has really, in my opinion,

29:03

probably been the greatest externality or kind

29:05

of the greatest omission

29:08

has been the rage caused by an

29:10

ad-supported model online. So I

29:12

like the idea of moving to subscription.

29:14

The problem is the operational

29:16

fish, it'll take their margins down because

29:19

something people don't talk a lot about,

29:21

every query into chatgbt takes 10 times

29:24

the energy of a

29:26

standard search. What's also

29:28

just really interesting about these companies is

29:31

similar to energy in the 70s and

29:33

80s, whether it was Shell, Chevron, Exxon,

29:35

they're all becoming the same company. They

29:38

all have different front ends, but at the

29:40

end of the day, they're all becoming energy

29:42

slash compute companies that other companies that the

29:44

rest of the Fortune million,

29:46

every other company in the world will

29:48

rent their energy and their

29:51

compute instead of powering cars and

29:53

factories, these companies now power smartphones

29:55

and LLMs. But they're all effectively

29:57

becoming the same company. 60%

29:59

of Amazon's... operating margin is

30:01

from cloud. They're all becoming cloud

30:04

companies that power AI. They're all turning

30:06

into the same goddamn company, but they

30:08

can only be four or five of them.

30:10

Let me just say though, the search

30:12

engine is very bad news, sort of

30:14

media and other websites in general, because

30:17

it will reduce the amount of

30:19

traffic significantly. Like, the

30:22

whole SEO world is over. Like,

30:24

I was just, as I was

30:26

looking at it, I was like,

30:28

oh, look at this. And everywhere

30:30

I do something in Google, including everywhere,

30:32

email, every part of my Google

30:34

experience, AI has been inserted. And

30:38

the search one particularly is

30:41

quite good actually, but it's

30:44

not good for search optimization,

30:46

getting, having, how are

30:48

people going to find people? Now, Google

30:50

search has been more dissipated.

30:52

Amazon has searched. You know, their

30:54

searches now is much becoming much more

30:57

widespread on lots of places. But

30:59

I sat there and I was like, I don't

31:01

have to click in anywhere. Here is the actual answer

31:04

that I would have spent a lot of time clicking

31:06

into things. I don't know what

31:08

you think about that, but I think

31:11

it's quite good and quite

31:13

accurate actually. Yeah, you're saying that literally

31:15

sent chills down my spine because I

31:17

just realized the obvious and what you

31:19

just articulated and that is traditional

31:23

search has been, it gives you, you type

31:25

in, I don't know,

31:27

you type in Biden-Trump debates and you see

31:29

CNN, NIT articles on it and you sometimes,

31:31

oftentimes click through to the New York Times

31:34

to read the article on it. And

31:37

what Google has slowly but surely tried to

31:39

do is say, okay, if

31:41

you type in London to Las Vegas, where I'm

31:43

going on Tuesday, it used to

31:45

send you to Expedia or to an article about trying

31:47

things to do in Las Vegas. Now it sends you

31:49

to a place they can further

31:51

monetize. They're trying to become closed systems. And I

31:53

think what you just articulated is frightening because it's

31:56

true. You're never going to need to

31:58

leave alphabet. because

32:00

what you're saying is there's going to be no need to

32:02

click through. It gives you the answer. You don't go anywhere.

32:04

Yeah, this new head of search. This

32:07

is a quote that I just chilled me. This is

32:09

a name of Elizabeth. She just became head of search.

32:12

What we see with generative AI is that Google can

32:14

do more of the searching for you. It can take

32:16

a bunch of hard work out of searching so you

32:18

can focus on the parts you want to do to

32:20

get things done or the parts of exploring you

32:23

found exciting. You find exciting. Of course, that's a way

32:25

of saying we're going to give you the answer. I

32:29

have to say it's good. They

32:32

still have other stuff

32:34

there. You can get to

32:37

the news and whatever, Twitter, whatever you tend

32:39

to ask for. If

32:43

Yelp was worried about this many years ago and

32:45

has been suing Google, as you know, they

32:48

have a true advantage here over all

32:50

these different companies. I

32:52

think when you think about it, I just had

32:54

breakfast and I'm going to have them on stage

32:57

and the head of Getty Images,

32:59

very smart guy. There's

33:02

a lot of people that are using their imagery

33:04

and how they use them and how they scrape

33:06

them. Now, with imagery, it's a lot easier to

33:08

pull copyright stuff as they're using

33:10

it. With text, it's

33:13

much more difficult. It's

33:15

much more easy to shoplift, essentially,

33:18

than it is with a

33:20

photograph. I see it's a really

33:22

fun thought about it. The

33:26

lawsuits are harder, the copyright is

33:29

harder than it is with imagery

33:32

or videos. What we're all looking for

33:34

every morning or when we go to

33:36

media, it's very difficult to

33:38

differentiate on actual news. Occasionally, a reporter

33:40

risks something or has a source and

33:42

is able to get news before anybody

33:44

else. That is really rare. That's less

33:46

than probably one basis point, one one

33:49

thousandth of the content you read is

33:51

original reporting. What you're looking

33:53

for is voice. You want stuff that has a

33:55

view and a voice. I like the voice of

33:57

Reuters. I like the voice of The Economist. And

34:00

you can imagine fairly soon will you be able

34:02

to say, okay, chat GPT

34:04

4.1 or whatever they're going to call

34:06

it. Give

34:09

me a rundown of today's business news in

34:11

the voice of Reuters. And

34:13

guess what? It'll be nearly identical and you

34:15

won't have to go to Reuters. And

34:18

the scary thing is, is I used to think

34:20

that, okay, the opportunity was for these guys to

34:23

band together under like a badass big thinker like

34:25

Barry Diller and create a consortium that

34:28

charges them huge licensing fees to

34:31

be the fodder, the grist for their LLMs

34:33

and that's a future where

34:35

they might get to participate. And

34:37

then I read this writing article saying

34:40

that the new LLMs are creating content

34:42

for the LLMs to crawl. And

34:45

I thought, they're not even going to need the

34:47

original content. These LLMs are creating their own vogue

34:50

and own travel and leisure

34:52

and own economist content for

34:55

the other LLMs to satisfy

34:57

or sate their insatiable appetite. But it

34:59

is definitely, it feels

35:02

like the traditional media companies are a little bit on

35:04

the wrong side of this. Yeah, so how do people

35:06

find things? But anyway, it's a really interesting time

35:08

and I got to tell you, they're making... Look,

35:10

let me just make one more comment and move

35:12

on to the next thing. It

35:14

said, because they're a monopoly and they are,

35:16

there has been no innovation in search because

35:19

they run it. No one else, they've tried

35:21

all these different people. As you know, you

35:23

invested in one of the attempts. There's

35:26

all kinds of attempts to do it, but

35:28

DuckDuckGo is very tiny. They've

35:30

got the deal wrapped up with Apple essentially,

35:32

but paying them an enormous amount of money.

35:35

There's been no innovation in search. It really

35:38

hasn't. This is that,

35:40

but at their pace and to their

35:42

advantage. So it's even worse that they're

35:44

a monopoly now. The government really needs

35:46

to step in here around this monopolistic

35:48

position they have. In

35:50

any case, it's really an

35:53

interesting time and media companies have to...

35:55

Once again, guess what? They're coming for you.

35:58

I said that at the... I said they were I

36:03

did I told the truth. Here's my truth They

36:05

were rapacious information these before and

36:07

they aren't still rapacious information thieves

36:09

except better. They're better at it

36:12

I had a better quote and I

36:14

said it's not working as well as it used to I said

36:16

at the big dick conference You

36:19

would not be Not

36:23

that I've seen it but what a

36:25

feeling You

36:30

keep talking about Jennifer bills All

36:39

your other like like PBS friends that

36:41

are like hanging out in DC that aren't that

36:43

cool I never meet Jennifer

36:45

Beale you never will and you never

36:48

Steal all my cool friends and you

36:50

hide your cool forever will permit any

36:52

of my friends like that And you're never

36:54

meeting Gretchen Whitmer now, obviously she's

36:56

Terry Williams woman. Governor Whitmer Yeah,

36:58

I'm a big fan of government

37:00

beat the living hell out of you should be wearing pink

37:02

doing it I think that's repackaged violence whenever you

37:05

talk about women you say how they would physically

37:07

assault me I'm talking

37:09

about mentally, but I got it. I won't

37:11

do I'm sorry. You're so sensitive. I was

37:13

I was being cynical I'm fine with you

37:16

threatening me with yeah, yeah, I don't mind.

37:18

I'm trying to you should whoops guy. All

37:20

right, Scott Let's go on a quick break.

37:22

We come back. We'll talk about the newly announced

37:24

presidential debates I'm weirdly excited about it and

37:27

take the listener mail question about setting kids

37:29

up for financially for the future which I

37:31

think Professor Gallo answer considering his

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pleasure. When

41:00

our second. Story Biden Farm President Trump

41:02

have agreed to say softened debate stage at

41:04

least twice before the election it's scene and

41:06

will host the first debate on two June

41:08

twenty seventh it's been a D C will

41:10

host the second debate on September tenth and

41:13

maybe a thousand Nine on Fox will cease

41:15

to be no audience apps and the scene

41:17

and debate they agree to that which is

41:19

part of the Biden campaigns turns in a

41:21

streaming and clap and and all that staff

41:24

spine seem officer the present. when only debate

41:26

one on one meaning no are asking Jr

41:28

and ask the my two sons will get

41:30

automatically cut off and the speakers time is

41:32

up. It's discern it is to he started

41:35

Donald Trump process that good luck with ads

41:37

and Jake Tapper and Identify Bass are gonna

41:39

be doing that scene and debate the first

41:41

once. Ah thoughts on that side but we're

41:43

not politically but let's talk. About

41:46

where what why these are important are

41:49

not important or they just for the

41:51

media that Trump campaign is because as

41:53

I said additional debates on the biden

41:55

instead just too. But maybe See does

41:57

well in Say Yes and Mitnick Mom

41:59

the like. The nice debates to watching to

42:01

all guys on the months. Still

42:03

admit normal job for us. Is

42:06

on the methods that just admit mom,

42:08

he's like making fun of the that

42:10

stupid senate and the symptoms legislators have

42:13

been at the top form trial wearing

42:15

the same outfits like going up there

42:17

doing Tr for and he was like

42:20

that. Pathetic. And it's Mitt Romney's. Over

42:22

everybody at. This point. But where do

42:24

we think of that all the thing, the

42:26

weight set up, that the expectations except trust

42:29

and this is before the conventions by the

42:31

way. More. Guards and turn podium

42:33

there's present, nurses are frozen and because

42:35

of the the boat. Due

42:38

to a gives who was you hope to.

42:40

We hope for and you do Get them

42:42

is one. It's real time in those i'm

42:44

tired amazon when there's a moderator diner, good

42:46

job. You get these unscripted moments. The give

42:49

you insight into the candidate. And

42:51

saw it and I didn't or

42:53

importance on forts are I bomb. I

42:55

wanted a couple times. I like the

42:58

might thing and it's it's impossible to

43:00

have a reasonable debate. If

43:02

someone does keeps interrupting and and and by

43:04

the way Al Gore did this and as

43:07

debate which are so be bushy to making

43:09

all these disgusted chortle sounds and and ended

43:11

up it ended up hurting him but it

43:13

has created a distraction for what it's an

43:15

important topic. I love the fact they're cutting

43:18

the might so he can go so they

43:20

can hear Trump go wrong and me and

43:22

all that bullshit right I think they it

43:24

also what I would love to see as

43:26

an overland someone to do this on you

43:28

to where they have something resembling an impartial

43:31

group of people from Reuters. Of the B

43:33

B C or whatever it as an

43:35

fox whoever bring in a much people who

43:37

real time fact sex and then have

43:39

a temperature meter as a car on at

43:41

the bottom line. This is

43:44

accurate what he does Citizen is

43:46

sort of interpreter. Maybe like red,

43:48

yellow, green, right? To. Sending

43:50

us important people because use a he

43:52

says something really and saying about where

43:55

time a Bobby Kennedy sees of san

43:57

he's it is impossible to interview because.

44:00

One. I find he softens previous things he

44:02

said. He said why don't remember saying that

44:05

and if I had been allowed to finish

44:07

my statement he said this a few times

44:09

I would have said the following more you

44:11

didn't and then he will throw out a

44:14

bunch of facts. are you can't sox hat

44:16

now facts? He'll throw out a bunch of

44:18

of bob alternative facts. The camps are check

44:20

real time so I would love some sort

44:23

of real time factor in but yet they're

44:25

important is excited as you are about this.

44:27

I am nervous. Tara I selected. I

44:30

don't think by adding Biden is a good man.

44:33

I think is really good. judgment is my

44:35

biggest Surrounds himself with good people. Ah,

44:39

I think for a few reasons. mostly because

44:41

he's getting older I just don't think is

44:43

very good arms. I don't think so many

44:45

keys and very sorry I'm I'm marching lot

44:47

of his appearance. I will be right there

44:49

quite a too early to say something. I'm

44:51

worried for Trump's assistant inability to be missing

44:53

what I recently gotten a little. Crazier.

44:55

I think Cray is he the problem I

44:58

think for Biden is it is in poor

45:00

even though he does these dumb stand ups

45:02

at the end of the day and then

45:04

he has his little in out from Pat's

45:06

behind him with their it seems highs and

45:08

he wearing that outset like on as well

45:10

as weekends and even though he has all

45:13

that he seems crazier and once he did

45:15

they think it's negative for Biden for him

45:17

to be in these trials disease at night

45:19

after being crazy but has every time he

45:21

doesn't appear one of these rallies or he

45:23

feels safe Eat mangoes words he says crazy

45:25

things. He ended the day he

45:27

did. we went off the rails and that

45:30

one debate with Biden a couple years ago.

45:33

Demetriou off the rails on something. It

45:35

wasn't a good debate for hims is

45:37

not one debates with by I would

45:39

say at all it and that's an

45:41

interesting thing because I think I just

45:43

tested to poke at him and make

45:45

them say crazy things like a lot

45:47

of crazy things like let's jail pregnant

45:49

ladies works in He can do it.

45:51

He did go there and say these

45:53

things secrets by as control the Trump

45:55

that you know. He complimented Hannibal Lecter

45:57

to New Jersey lot of rally any.

46:00

Any doesn't get out enough and I think

46:02

this is can have a huge at him

46:04

it's gonna be huge audience it will and

46:07

then obese you saw it over on social

46:09

media everywhere else and what did things is

46:11

said or of to junior be included I

46:13

don't. Think so. I think these are the

46:16

two guys let's see. In and said the

46:18

debate with the Open: Any kids who get

46:20

sixteen percent in for qualifying national polls and

46:22

meet certain ballot access Sanders and Nectar to

46:24

strike it now right? And of course Rj

46:27

Juniors Wine and away about it sums Islands

46:29

guineas to. Be. There with three that would that

46:31

would be something I worry about from both of

46:33

them. With him there be a distraction and unfortunately

46:35

alerts site armor to the data from the last

46:37

alert. Some. And basically

46:40

I'm more or their.

46:43

The polling or in our sign of. A

46:45

lawyer fi Barbies point more from by

46:47

which I hate to hear but interests

46:49

but when you were. Where. I

46:51

would add some nuance your comments about

46:53

the debate as I don't think who

46:56

went to debate is based on what

46:58

they say and is how they said.

47:00

Some people don't really listen to the

47:02

issues, they don't listen to what's actually

47:04

false and are false they'd look at

47:06

Someone of say is here see a

47:08

leader and I were in this format

47:10

that despite the bluster in the weirdness

47:12

and how ridiculous and how how it'll

47:14

just be at a non sequitur stream

47:17

of lies I worry the Biden is

47:19

gonna come across as very feeble and.

47:21

Very are not fleet of foot and the people

47:23

and that a where did he do because he

47:25

didn't Pretty good job as if I mean is

47:27

very. Sassy and Sas I thought

47:29

and there was a lot of reacting. there

47:31

was a public place? would he? Would you

47:34

suggest. He defy were prepping Marburg that

47:36

there's there's a there's a general and

47:38

I'd learned the sign way after going

47:40

on Tv for about ten years and

47:42

I finally learned and I hate to

47:44

say this but don't answer the question

47:46

ass, answer the questions you want. Answers

47:49

A class idea I would I would

47:51

sequester. President Biden

47:53

to camp David. With.

47:55

Some of the brightest people from

47:57

Pod Save America does can as

47:59

we're prepping Obama on my probably

48:02

the desert and I would have

48:04

sixteen can dancers. And

48:06

say anything along the lines of this.

48:09

This. Is answer for. And

48:11

the right intonation. The right and flex

48:13

in the right indignation. The right set

48:15

of facts and I would set him

48:17

up like are fuckin' robot press here.

48:20

Bro. Oh he's talking any

48:22

question about about Israel. If

48:24

it's it is, it's a question about

48:27

this has anything to do with rasa.

48:29

Answer. Eleven, I would just make

48:32

it said said he didn't really

48:34

need to thank because I'd I

48:36

don't think that's the bottom was.

48:38

Debates a do not play well

48:40

to eighty one year olds nor

48:42

to a seventy seven year old

48:44

and he wants to come across

48:46

as statesmen might. Reasonable com. And.

48:49

Not not flustered, not not trying

48:51

to react to be unpredictable which

48:53

is what Trump is. He needs

48:55

to have the debate before he

48:57

has a debate and I would,

48:59

as we just preprogram everything with

49:01

a series of talking points. And

49:04

I know that sounds unromantic, but I would know what I

49:06

would if I were I saw the only thing is from

49:08

a from a. The visual point of view

49:10

is that trump this of course as

49:12

usual drop in the the the standards

49:14

so low for biden. oh he's he's

49:16

dead biden this and that was they

49:18

did say that stated he unions he

49:20

stupidly. Low barring it for Biden

49:22

is never going to be good is

49:24

not the debates. If he's even marginally

49:27

interesting, I think team wins. That in

49:29

that provides is that the Republicans keeps

49:31

hammering on his age when Trump himself.

49:33

As these issues and silks any Trump

49:35

is more vulnerable as he seems out

49:37

of the the messes up. Words and

49:40

I numbers so matter. But when someone

49:42

stumbles and words you do notice that

49:44

that you don't see Biden doing. This

49:46

year design if they want to trade

49:48

incredibly works with their sons are adults

49:51

stamps but no matter what no matter

49:53

where where Jake or or Donna go.

49:56

Biden hasta and he needs to be coached hear.

49:59

Anything. Them when economy and any

50:01

chance at all even if is ah resemblance

50:03

oh you're talking about have fled to die

50:05

years and place and we have the lowest

50:08

inflation of energy seven country while. Can

50:10

currently having the strongest growth, which

50:12

according to a lot of economists

50:14

is nearly impossible. Oh, you're talking

50:16

about sorry tales. he's a liar.

50:18

Let me give you another fairy

50:20

tale. We have the Goldilocks economy

50:22

here. No one thought we agreed

50:24

it's there are a of talking

50:26

points that regardless of where this

50:28

debate goes too fast to get

50:31

out because they're as the thing

50:33

is. so frustrating about this administration.

50:35

Is. We have. So.

50:38

Much! They have so much to stand on.

50:41

And they're not doing it. They're not

50:43

getting this message out your oh, you want

50:45

to complain about Israel One of us immediately

50:47

one of us to sit around my blustery

50:49

stupid Sam. It's one of us deployed to

50:51

Terrier strike forces and twenty four hundred marines

50:54

within twenty four hours because I know what

50:56

the fuck to do here and I've done

50:58

it before and I was on the phone

51:00

with all these people who has had thirty

51:02

or relationships with would. You say? would you

51:04

make little reference they've been doing in the

51:07

social media, which is somewhat funny. little references

51:09

the core like adding the Jimmy Kimmel thing

51:11

when he said he. Notes: pasture prison

51:13

time, aunt's house court going

51:16

sleep the. Sleepy Trump or Dawn

51:18

Snarling Own Teddy Those about would you

51:20

do any of those to tweak? I'm.

51:23

Disease. Easily tweets from probably not

51:25

by. I think that the

51:27

key to any brand is different

51:30

Csn. And. I think a

51:32

lot of that happens on it's own by the

51:34

media. And I think President

51:36

Biden once I think his is this

51:38

needs to be like I'm not going

51:41

to tickle your sensors. I'm

51:43

here to be the grown up in the room. And

51:45

I'm just not. I'm going to lead. Jimmy

51:48

Kimmel and John Stewart do that. And.

51:50

I'm I'm here is under President and

51:52

that means because he wants to salvage

51:54

differences and Trump will may take a

51:56

bunch of cheap shots. A tickle the

51:59

sensors of Fox. And conservative viewers

52:01

who he wants his moderates and he

52:03

wants to show that I'm an adult.

52:05

I'm your President. Know. How

52:07

our desire Woodbine at a glance and

52:09

look into Cameron say the have daughters.

52:12

Do. You have daughters. And

52:15

his paws. And everyone will know what

52:17

he's talking about. Does. Need

52:19

to com a rape se disease within

52:21

the cameron say America: do you have

52:23

daughters. I do

52:25

either you to do a series of things like that,

52:28

but I think he said equipment self as the President

52:30

of citizens. Decency. Hit it

52:32

off. I'll edit or that's D and

52:34

Daughters I do. And. I'm worried so

52:36

like with discussed this guy scares me. There's

52:38

not enough money to go there to do

52:40

you have daughters and their paws. The is

52:43

one of the most powerful things it than

52:45

I did learn the service older in to

52:47

sing a communications. Is. The

52:49

pregnant, purposeful pause is.

52:53

And let people feel dumber. deal

52:55

idea since it's a really good

52:57

chance. To a synthesis to say that will

52:59

like wander around. And. Okay,

53:01

Sky mono colored fruity

53:04

Dollars for dollars and

53:06

I split. Says it to a

53:08

listener. The

53:16

question comes from the Nasa The email. I'll

53:18

read it hello there and start thinking the

53:20

Nasa all's. With the world The Kansas.

53:22

My questions regarding a saver it subject

53:24

of tell our kids my son is

53:27

starting high school. Next on my daughter's

53:29

starting middle school is hitting it. It

53:31

is hitting me hard and I'm only

53:33

a few years laugh with them under

53:35

my roof. Oh I know I had

53:37

works. It's business as here's my questions.

53:39

What recommendation is Do you have to

53:41

set your kids up financially for their

53:43

futures? Anything backfired? Anything you wish to

53:45

and done but didn't. Ah. looking forward

53:47

to hearing your stories. All the best,

53:49

The Nasa and Emma let's that. take

53:51

most of this one. That's. The I

53:53

have a long time positions are easily

53:55

with both Lily and Alex about finances

53:58

and talking about how this mortgages and

54:00

credit and the stuff like that night

54:02

started pretty early but not early enough

54:04

soaks a the regret I have was

54:07

not getting them to understand how things

54:09

work much quicker and early on and

54:11

then teaching them meal. having. It may

54:13

be giving them some money for stalker. Different

54:16

various and different things. so I would have done

54:18

it earlier that otherwise. I'm and we spend

54:20

a lot of time right now talking about

54:22

their financial futures. Scott. You take this month.

54:26

Or. Is a few things. Are you? What

54:28

exactly are you said? Financial literacy and exposure

54:30

the markets really early? I think that. Are.

54:33

Wealthy starting of science or companies are

54:35

got very wealthy investing in stocks and

54:37

when I was thirteen I'm a stockbroker

54:39

about my first start for teachers upon

54:42

the pictures and every day for two

54:44

years three years in junior high school

54:46

I used to go to the phone

54:48

both for twenty cents and and call

54:50

size Saroyan, Dean Winner Reynolds and we

54:53

would talk about my start my stocks

54:55

movements sad day and he'd give me

54:57

like a ten minute lesson in the

54:59

markets and I have been buying stocks

55:02

sense Thirteen and. I. Mean it's

55:04

just the recognition of how powerful

55:06

the markets are and I'm in

55:08

developing an existing muscle is so

55:10

powerful. So financial literacy and appreciation

55:13

of foreigners in and Saxon for

55:15

the to the markets it and

55:17

it sounds. And the other thing

55:19

is. What I've discovered

55:21

in some of research around what separates

55:23

people who are really wealthy from those

55:26

were just wealthy is it's a whole

55:28

person project and it's not easy the

55:30

raising kids who are inclined to do

55:32

small savers and and trying acquire allies

55:35

along the way. This a mister rich

55:37

people are mean people stepping over other

55:39

substantial at all really wealthy people tend

55:42

to be ones who are put in

55:44

rooms of opportunities even when a physically

55:46

not there so to the extent you

55:49

can show your son. Or your daughter.

55:51

How powerful it is to do is

55:53

make small gestures of kindness and generosity

55:55

to people in you may only get.

55:58

You. Know maybe one or. Some up assume

56:00

eighty percent of them never remember you, but

56:02

who? It's so powerful that allies fighting for

56:04

you when you're not in the room. And

56:07

you always want to have that. So every opportunity

56:09

you have to be kind of do a do

56:12

a solid for someone even as a young person

56:14

you to take that opportunity that's an investment in

56:16

your own future and then it's something I've been

56:18

thinking a lot about. Is why

56:20

do we send our kids to private school

56:23

right? We sent him to private school because

56:25

we hope that they'll have a greater sought

56:27

a success at success. Or what are we

56:29

mean by success? Wells said, in a capitalist

56:32

world, they're more opportunities professionally most likely will.

56:34

Why the warmed up professional success such that

56:36

they can of economic security to have children?

56:39

The lack of economic anxiety? Maybe by house?

56:41

So here's an idea. Scott.

56:43

Wanted to send his kids to the First

56:46

Presbyterian or Grace Church when they were. No

56:49

one in four, respectively. and I did the

56:51

math. It was gonna cost sixty two thousand

56:53

dollars a year for you to them, and

56:55

I bet somewhere between a half and two

56:57

thirds of people who send their kids it

56:59

is. Private schools are well off, but it

57:01

is a strain If you're going to spend

57:03

a hundred twenty four thousand dollars a year

57:06

or two hundred fifty thousand and pretax income.

57:08

the sender kids to private school in yards.

57:10

I don't care how much money are making

57:12

unless you're crazy wealthy. It is a little

57:14

bit of an economic strain. It does create

57:16

a dislike, and I'm at anxieties. Here's an.

57:18

Idea. There. Are studies showing

57:20

now that the best place to send

57:23

your kid to school? Is

57:25

the one that's closest to your home.

57:27

And then you reinvest that additional time

57:29

and commuting in sleep and homework and

57:31

and play. And then if you have

57:33

the discipline to take that sixty two

57:36

thousand dollars a year from their age

57:38

of four to eighteen in invested in

57:40

a low cost index funds, let's assume

57:42

Tara you were wrong and you should

57:44

have sent them to a private school.

57:46

And they don't do as well professionally.

57:48

And at the age of thirty five,

57:51

they're not as economically ahead as they

57:53

should have been had you sent. Them

57:55

to that gray private school board. Guess

57:57

what? You know? it solves that problem.

58:00

The five point four million dollars

58:02

you will have. If you

58:04

had put that to wish and money in

58:06

S P Y and a low cost index

58:08

Fun and the never touched it and people

58:11

are going to start to do the max

58:13

here. In. Realize that private schools and

58:15

schools like N Y U? Well okay if

58:17

money's no object, let's send them there if

58:20

they get scholarships. Great. If not we're going

58:22

to figure out a lower costs were in

58:24

a similar to junior college for two years

58:26

or we're going assembly to the public school

58:29

instead of Grace Church and we are going

58:31

to be disciplined and put that money away

58:33

and and his things don't work out, they're

58:35

gonna millions of dollars to ease the pain

58:38

and. In interject, Clara Joe cast is about

58:40

to go to public school in September. That

58:42

was exactly I did all the mass I

58:44

did all this tests and putting away money

58:46

for her and money and might have sent

58:49

not as of today. That was ridiculous prices

58:51

with Dick and I was like where's my

58:53

alley oops I kid is the school is

58:55

walking distance miles I'm I'm going to spend

58:58

a lot of time after school like commit

59:00

myself to helping. It's a neat this exit

59:02

the quite good. The Dc elementary schools are

59:04

quite duds on and I and I also

59:07

feel like having a public. Commitment to that

59:09

is important because why not make a better

59:11

it to me the and but away from

59:13

all the public commitment of i am not

59:16

disclose playing a let's go Public schools

59:18

I think it's an economic choice like this

59:20

is a ridiculous amount of money I spent

59:22

on my boys for bindings and my ex

59:25

wife really wanted. Them with a private schools

59:27

and she. Had the means, the sewers to google

59:29

and I was dragged along. I didn't make as

59:31

much money as yet and it was. It was

59:33

not gray, I was like I looked at and

59:36

as like that was a waste of my second

59:38

money. It's I think you're a hundred percent right

59:40

on that and that's exactly what I'm doing. My

59:42

second tips. And there's

59:44

also there's something to. I. Wanted

59:46

to go to private school. I went to

59:49

Emerson Junior High School and Allied and that

59:51

was the year that started doing busson and

59:53

integration and it should be a Hallmark film

59:55

about always grade the wasn't. There was a

59:58

violent place, we hated each other. That's

1:00:00

bad news. The good news is by the time

1:00:02

we got a high school we're all getting along

1:00:04

and my friends all my friends went to this

1:00:07

Tony private school called Windward and I think they

1:00:09

were better off in the short run. but in

1:00:11

the long run I think I got a lot

1:00:13

of empathy. I developed a lot of skills and

1:00:15

I think to something to be said to having

1:00:17

to make your way. In a

1:00:19

public school. And trying to

1:00:21

stand out on a larger class. and

1:00:23

and it's I'm not suggesting it's for

1:00:25

everyone and if you have the resources

1:00:27

than sure it's a great move. But

1:00:29

what will you also gotta sets up

1:00:32

to as an adult. Is.

1:00:34

What are you really spending this money for

1:00:36

and wide? And when I really do, when

1:00:38

I really do an audit of my own

1:00:40

self. The reason I wanted my kids to

1:00:42

go to Grace Church was so I could

1:00:45

tell other parents did. My kids were going

1:00:47

to Grace, use it in that says the

1:00:49

wrong way to select to school. I think

1:00:51

a lot of this is signaling for the

1:00:53

parents. and if you do the mass. Guess.

1:00:56

What? Just. In case Public

1:00:58

Schools around decision. You. Going to

1:01:00

have millions of dollars if you're disciplined about

1:01:02

putting their money mounted. Literally a recent appearance

1:01:04

saying in a lot of the kit all

1:01:06

the kit every single kid it was she's

1:01:08

she's in a private preschool and that she

1:01:11

didn't She didn't get into that because there's

1:01:13

it's a lottery ticket in the pretty for

1:01:15

buses. Finally got nance and and the public

1:01:17

ones and damn of all the senses and

1:01:20

private school and really really only family doing

1:01:22

public school and I was that in the

1:01:24

dance and they were like oh that's interesting

1:01:26

I said yes is gonna have millions and

1:01:28

millions of dollars later. Than to put aside,

1:01:30

sir. And. Your kids. It's.

1:01:34

And they're not that great. Yeah was the

1:01:36

night. Oh oh, and I said yeah, that

1:01:38

sounds doesn't. Mean we talk about kids not being

1:01:40

able to do the math pass on to and the

1:01:42

mass they are. I just the sleek and

1:01:44

get his hands or the money signal medical

1:01:47

schools you do whatever she wants, buy a

1:01:49

house and discuss his essays, a source, savings

1:01:51

plans and as much as I can put

1:01:53

away for us and you know in different

1:01:55

ways that are tax now. My dad

1:01:57

tried to do like a low rent version of

1:01:59

that. It took me to the Nablus you automated

1:02:01

joined the navy because he didn't want to pay

1:02:03

for my college and he said if i went

1:02:06

to an app was versus the cla he buy

1:02:08

me a trans am literally that was exact word

1:02:10

for my son is trans am but a t

1:02:12

top and i put my hairbrush and the on

1:02:14

your the das anyways. And I

1:02:16

manage. I walk down hill guard i

1:02:18

think is com as and health artist

1:02:20

comments during sorority ross and I'm like

1:02:22

oh my god I am so going

1:02:24

to u cel I know I can't

1:02:26

see it was something out of a

1:02:28

cinematic. So and on writer and all

1:02:30

my adult men to lotta. And not any

1:02:32

way to. Oh sees us and

1:02:34

co ruins. I'll make a go

1:02:37

at at a time for me

1:02:39

to lose my virginity at nineteen.

1:02:43

You in the Navy that would at that distance.

1:02:45

Environment. And our other when a man

1:02:47

and it's you to look good in the outset,

1:02:49

see them within the i wouldn't matter if is

1:02:51

to little of that in the lights and and

1:02:53

personal anyway. The Knesset thank you. That's a really

1:02:55

good yes t early often gives them in

1:02:57

st gets go to pot pie that public

1:02:59

schools and isn't that a question your own?

1:03:02

Any light answered. Send it our way Go

1:03:04

to N Y Magda times lasted. For

1:03:06

the south side by side one tenets.

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disease. Cookies

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got them and have you do a prediction

1:04:21

what I'm going to make one producing this

1:04:24

under my moments though. He Swisher turned twenty

1:04:26

two this week and he has going to

1:04:28

have a wonderful future. Happy Birthday Lily! Matthias.

1:04:32

Best that's production or kids if your kids go unfulfilled

1:04:34

trees. Just as I can see I see gone

1:04:36

he's he's innocent of his junior year and I'm lawyer.

1:04:38

Vs. He's coming. Back. Margin over dog or my what

1:04:41

a rip off at us and. The I know that I

1:04:43

get it. I. Snuck for and

1:04:45

I teach there are nicer. last. Disease Good.

1:04:47

it's acted as gonna be a billionaire like

1:04:50

Sally Mr. Gilani Wells Money Wellness. And

1:04:52

incinerate missing. Don't abandon ensues and.

1:04:54

Then. We thought about not going to school. know that

1:04:56

and them. I think he's really it's it's teaching

1:04:58

him to think and I think it'll help them

1:05:00

in that regard. Like it is, it's a sign.

1:05:02

It's useful right now in a lot of ways

1:05:04

for hims, I don't think it's many. Hours

1:05:07

as I guess. Calculus.

1:05:12

Physics. And is important. Things anyone

1:05:14

predict some places is is known for.

1:05:16

My prediction is a story that I

1:05:19

think is the most underreported story. Yeah,

1:05:22

my predictions and are going a

1:05:24

lot more attention Serve From two

1:05:26

thousand and One to Twenty Twenty

1:05:28

one, Us higher education institutions received

1:05:30

thirteen billion dollars in funding from

1:05:32

foreign sources. And we

1:05:34

talked of a little bit about this dinner. Forty

1:05:36

percent of that foreign sounding have come from. Qatar.

1:05:41

Has. Given four point seven

1:05:43

billion dollars to Us organizations

1:05:45

as a little like colleges

1:05:47

stuff like that Colleges Cornell,

1:05:50

University. In a the aggies

1:05:52

and if you look you know

1:05:55

it's there. Also Qatar and the

1:05:57

Muslim Brotherhood. funding of higher education

1:05:59

is. Get a lot more

1:06:01

scrutiny because there is a

1:06:03

statistically significant correlation. Between

1:06:06

his protests and amount of funding

1:06:08

these universities have got from Qatar,

1:06:10

this is gonna be a much

1:06:12

bigger story as we do forensics

1:06:15

around what has happened as universities

1:06:17

and as Americans. Parents.

1:06:19

Look at what's going on and universes

1:06:22

and quite frankly just don't get it.

1:06:24

Just can't understand how these kids have

1:06:26

come to these conclusions. You're going to

1:06:29

find that where the protests have been

1:06:31

was heated and quite frankly most confusing

1:06:33

and quite frankly most irrational. We're going

1:06:35

to find it for the last twenty

1:06:38

years as universes and casting that Sacks

1:06:40

of Qatar. And this

1:06:42

is and in my opinion around all of

1:06:44

this are you know the it does. This

1:06:46

is the biggest story in America, but alas

1:06:49

you he says his main campus protests the

1:06:51

next the next shoe to drop here. Is.

1:06:53

Where is this Money Come from? And.

1:06:56

That this is the this is a lot

1:06:58

more coordinated, a lot more funded Americans, one

1:07:00

of our soft a soft tissue is a

1:07:02

were much easier to fool them. Convinced we've

1:07:04

been fooled and I think there's gonna be.

1:07:06

I think this can be a lot of

1:07:08

scrutiny and back on. Not a matter for

1:07:10

it's harm. Aca

1:07:14

Qatar. but kid tattered Qatar. Qatar

1:07:16

is. Cutter. By

1:07:20

the way I went there and I loved

1:07:22

it and went for well top and I

1:07:24

have one of the wonderful things I love

1:07:26

another to modern on exposed a lot of

1:07:28

wonderful people on the golf. But when the

1:07:30

horrors that are you a cent of the

1:07:32

universities take five billion dollars, nothing's for free.

1:07:34

Yeah nothing's for free. For years many

1:07:36

things had been secretly funded by the right

1:07:38

to by the way know all these like

1:07:40

the people who makes the lanes and all

1:07:42

these different people and and Leonard Li out

1:07:44

there are funded to get judges on thing

1:07:46

so there's always there's always a a A

1:07:48

know a good or quit through for there

1:07:50

are there are coordinated campaign they did with

1:07:52

day as soon as they did it. like

1:07:54

creating false ain't or and things like that

1:07:56

silks their eats. His comments are there to

1:07:58

be these things and. The troubling thing

1:08:00

you're playing out is that there for

1:08:03

in fact that this is a explicitly

1:08:05

foreign country which has interest in getting

1:08:07

what it. It. Needs out of it

1:08:09

as your point. While. You, you're

1:08:11

right. So a lot of these

1:08:13

are homophobic propositions in California and

1:08:16

said they were being funded by

1:08:18

very extreme. It's some swings of

1:08:20

of of mormon entities in Utah

1:08:22

and it's important. Point that out

1:08:24

but there's gonna be at my

1:08:26

prediction is there's gonna be a

1:08:28

very robust conversation about this because

1:08:30

four point seven of those forty

1:08:32

comes from a nation of two

1:08:34

point three million people that were

1:08:36

you to sink. They're just fascinated

1:08:38

with wolverine football. He has

1:08:40

something went to fuck up people wouldn't think is going

1:08:42

on here. Yes, I would agree. Okay, that's

1:08:45

a really interesting and a very offbeat Alec

1:08:47

I like at We'll See, We'll see what

1:08:49

happens. And zero the a lot of letters

1:08:51

are great. Answer them any less seasonal anyway,

1:08:53

but it's a very good point. What are

1:08:55

they want? to the money? Living within an

1:08:58

hour does anyone more than a secret? Money

1:09:00

Donations? And that. Tries to submit

1:09:02

and other something. Absolutely so.

1:09:04

He's got that's the shells from London him

1:09:06

as a to Sam Neill batman So we'll

1:09:08

be back on Tuesday with Martina I'm doing

1:09:10

on planes back a D C are and

1:09:13

and going up you know I'm doing this

1:09:15

weekend and when you don't smell until you

1:09:17

have a better I'm I'm going to see

1:09:19

Liberty play Siddig last boss asked by airplane

1:09:21

seen are so large the game and Clark

1:09:24

play I believe. At the only on.

1:09:26

The. Oh, and basket on Wmd? A. Zoo.

1:09:29

Onto a play. I'm sorry I'm or something

1:09:32

and low and now you're going to a

1:09:34

place called Liberty. You're going to deal with

1:09:36

Douglas and all You know language and N

1:09:38

B, O L and Wmd you know the

1:09:40

nobody can earn Clock is Clayton Suskind Clark.

1:09:43

Everybody knows this phenomena but I'm gonna stay

1:09:45

upright. I'll I joined the Cosmos know entered

1:09:47

the I'm Any Army. Best of luck to

1:09:49

us but I'd go it seems a liar

1:09:51

and ass it going Iran's and going so

1:09:54

far. and besides meeting Lilies issues coming back

1:09:56

from Argentina two years. I'm doing and desist

1:09:58

as an exciting the gambling A city in

1:10:00

an my friend Tim Daily who is in

1:10:02

a play I'm going to see that's like

1:10:04

I'm excited to see Wmd. I don't get

1:10:06

out to rain on my lesbian. Let me

1:10:08

let me just help you out. The let

1:10:11

Me Just Cause play an announcer halftime well

1:10:13

in an exciting game of the scores Now

1:10:15

thirds into eleven and two and Clark is

1:10:17

a star And that's why she makes nine

1:10:19

thousand dollars a year First and I want

1:10:21

to say this is a big shoutout to

1:10:23

the dozens and dozens of people watching. The

1:10:25

Demille Be a Citizen is it is. The

1:10:28

lesbians wouldn't like he knew and now they're

1:10:30

not liking him. To see that acts

1:10:32

the other day one of the movie

1:10:34

of a mountain and eat me that

1:10:36

is my blacksmith. the matter whether added

1:10:38

as many summits as any lands, other

1:10:40

season, mcc weeks time there and Governors

1:10:42

Governors you try a thread a needle

1:10:44

hear about as exciting as many of

1:10:46

the I'm glad we're heading back. Morning.

1:10:49

It's great to be in your town. It's

1:10:51

very lovely lamps and I'm and I will

1:10:53

see you in the couple weeks where I'm

1:10:55

to. Be. Charging that thirty five euro

1:10:57

posse to you at the Hotel du

1:11:00

Cap and buried some may or

1:11:02

may loot Leon you want From a

1:11:04

whole up the matter beats in the

1:11:06

zodiac. Zodiac Twenty One that would

1:11:08

help that get regular exact every

1:11:10

company parties anyway. Now got read

1:11:12

this as. A service for

1:11:15

to throw learn a Missouri Marcus until

1:11:17

the Griffin or Neanderthal engineer this episode.

1:11:19

Thanks also to Dubose Milk The Barrier

1:11:21

a shock her was ox mean as

1:11:23

executive producer, Volume mixers, subscribers or every

1:11:26

listen. Ponta thanks for listening to Pivot

1:11:28

from York Magazine vox Media didn't subscribe

1:11:30

to the magazine and and I mad.com

1:11:32

fast Pod Will be back next week

1:11:34

for had a breakdown of all things

1:11:37

tuck them business character to see safe

1:11:39

travels.