AI & Bitcoin - How Our World Will Change This Decade w/ Salim Ismail | EP #101

27:58And it was amazing. I mean, such, I was jealous of my AI. It was so well spoken. Well, because it's all, it's got all of your, everything you've ever said at hand, right? Yeah. Whereas I can remember what I said last year. It's incredible. And I think that, you know, you and I have had these conversations with the recursive while we talk about, you know, Peter three of 10 is gonna be hanging out with Selim 2 of 4 or you know 2 of 20. And 7 of 9. 7 of 9, yes. There we go. Back to Star Trek references, which I love. All right, here's the next one. AIU said discovered 27 ,000 asteroids. Amazing. I think these are all good for mining or keeping the earth from being decimated.

28:44In old telescope images, right? The data was there. It just was never discovered. That's extraordinary. I think we're going to see an explosion. I think the next slide is also about a similar thing. Sure. We're going to see just the biggest explosion of AI's finding these niche things that we've overlooked in finding unbelievable stuff. This one was amazing. Yes, from a friend, Dr. Eric Topel, who tweeted out, the first randomized trial of medical AI to show it saves lives, ECG AI alert and 16 ,000 hospital patients. 31 % reduction of mortality. That means people dying. Absolute seven per 100 patients in pre -specified high risk groups.

29:30So yeah, it's, listen, AIs much better than us humans. It's seeing patterns, catching the minutiae, always on, always paying attention. Yeah. My favorite example of AIs, do you know the story of shy's that Dan Ziger and the parole hearings? No, tell me. So they did a study of a thousand parole hearings and they ran it through and I'm a pearl hearing filter. Pearl hearing. You love pearl hearing. Yeah, should you let a prisoner or a container know? Right? And it turned out, because they're trying to figure out patterns in the data. And it turned out if you're a client, your prisoner came up for pearl before lunch and the judges were hungry, you were going back to jail.

30:08If you came up after lunch and they were biologically happier because they'd eaten, you were 30 % more likely to go free. And that's hilarious. And that's when people trained to be impartial. So like what hope is there for the rest of us? And you can never have spotted that without an AI type of a pattern. And now we can see these little peturbations and mitigate for all the cognitive biases that we have around ourselves. Oh, amazing. All right. Meta, Rayban, smart glasses can now describe its surroundings with Meta AI. Now, you own a pair of these, don't you? I'm wearing them now. In fact, you're incredibly gracious enough to give these out of the abundance summit.

30:47I've been playing with it quite a bit and I actually played with this particular feature I walked up to a plant and I said hey meta look at this plant and tell me what it is and it described the plant Identified it in details that it grows to about this big it was amazing. Wow. I think this is a huge huge deal Yeah, you know, it's uh This is the first step of XR or AR in you know, we know VR We all have our large VR helmets. I have to say I bought a Vision Pro and I've used it twice over the last like two months The first time I used it for a few hours like interesting fun watch some movies Then I used it a little bit more, but I haven't pulled it out since How about you?

31:35I think it's not a general consumer device I think it's going to be used initially for highly specific industrial applications or like helping out with surgeries things like that or a specific training Boeing could use it to make this planes a little tight for both on its planes for God's sakes and make sure some mechanic is actually setting it up properly. But I think we'll see that type of use case for a couple of years while they figure out how to find the consumer use case and get the tech down to this. I mean, look at these these ray bands are like really the footprint of them the amount of technology in there into us just basically a normal pair of sunglasses is kind of incredible.

32:17It is incredible. I just did a podcast with a friend on VR and AR Alvin Grayland. You know him? Alvin was the I know the name. Yeah. Alvin was the head at HTC and he wrote an amazing book. Here it is. It's happened to have it here. Our next reality is about the conversion of AI and the metaverse. And he's saying, you know, we're going to a point where we'll have 50 gram, head, you know, eyewear that's both augmented and virtual reality. So it's not just the photo -looking cameras. It's can we display into our eyes our retinus as well and then the world changes And I can't wait and and we're very close because we predicted this a while ago We're very very close if not now we're virtual reality has the same resolution or more than the human eye the visual cortex Yeah, the eye yeah, that's like that's huge.

33:19Yeah Anyway, it's it's coming. It's gonna transform advertising, transform education, transform healthcare, everything. I'll throw out the punchline about ARVR that I've heard from David Roberts. Please. That virtual reality disrupts reality. Because you can do ultra, like a virtual roller coaster can do way more interesting things than a road roller coaster. True that. All right, here we go. AI and government. Ukraine unveils AI generated foreign minister spokesperson Victoria. Let's listen to Victoria for a second here. And the public, I welcome you. My name is Victoria Shee. I have been created by the Ministry of Foreign Affairs of Ukraine using artificial intelligence to provide you with timely and high quality information on consular affairs.

34:05I am a digital person. That means that the text you hear was not read by a real person. It was generated by artificial intelligence. I will carry out a number of tasks. I kind of love this. What do you think? I mean, I love the fact that if she or it is modeled on the current policies and thinking of the leadership and the people of Ukraine and can represent, you can be in a thousand meetings or a million meetings at once. Yeah, I think this is huge and I think it's massive. I love the fact the role as a spokesperson because take the White House press secretary, right? They're basically trying to absorb mountains of like policy data directives from the executive branch, etc.

34:53and then try and inform what what's happening with a particular issue. And AI is perfect for that task and as you say can appear in anything. So any reporter could say, hey, what's the White House stance on this and the spokesperson could say that? I think it's really, really massive. Yeah. You know, it's interesting because when I'm hearing her, I'm instantly adapting to this is normal or will be normal. I accept it. Very quickly. A large number of news stories are now already AI generator. This just progresses it to now. I heard the new story that we have Trump and Biden running for president again that one seemed a little bit like you know misinformation but yeah I guess there you go what fractal universe could be separated out into this one listen man right you used to be a Canadian you could have stayed there oh well I've said this before I'm like go on with the precious with my Canadian passport hold on to that thing my precious every night all right it reminds me of the reminds me of the that the Groundhog Day movie where he goes, you know, I had a day once where I was on a beach in the Caribbean and I had a great met somebody and I had a great night.

36:17Why can't I be reliving that day? And so the best lies in the movie. But listen, Matt, we are alive during the 99th level of the gameplay. You know, like this This is good. We could be alive in the middle ages right now for all intensive purposes or 100 ,000 years ago as early hominids. We are alive during the most extraordinary time. Coincidence, I think not, but so happy to be here right here right now. It is awesome. It is awesome. You've done a great job in the abundance thing going back like a hundred years describing what life was like, right? You had a tough life. If you lost half your kids' infirmary of mortality, then you've got a tooth infection and you've died.

36:58I think that's the life for the most human history. Life was short and brutish and dead. Oh my God. All right, here's Sam Altman on the dangers of AI in the elections. Let's hear Sam. You just look too happy right now. Let's see what he's saying. There may be new threats. There may be unknown unknowns that we don't realize until too late. I also personalized one -on -one persuasions actually scarier to me, not less scarier than the mass stuff. It's harder to detect it, it can probably be more powerful. And again, an AI can talk to a lot of people at once. So I don't want to give, I very much don't want to give a sense that we're not worried, but I think it's good that we are worried and that's leading to, that's leading to vigilance in the industry.

37:48You know, he said something there about persuasion and Mogadot and Imad Moustak said personally very similar, which is the power of AI to be persuasive in its language like a brilliant orator, you know, being able to like take an idea and twist it and really convince you of it and do it one -on -one for a hundred million people. This is the, I think for me, one of the big dangers of personalized news when it's tailored to you, now you're at the behest of the algorithm, right? That's why I'd much rather hear a journalist tell the news and at least I know what their bias is and I can get a sense of it from them and it's one hop.

38:38But the minute I'm interfacing with an AI that's interpreting the news to for my ears, I lose trust. And this is I think the biggest toughest thing for today. I mean, I have to say that I am very much in the mindset of, is that real? Is that real? My brain is running an algorithm in the back of every time I hear or read something, especially see a video, I'm asking, is that real? I saw Elon tweet something out and he said, under the image, he says, this is a real image. right? And that's interesting where we're going to have to start to like like say that explicitly. You know, we're going from seeing as believing to distrust, distressing everything.

39:21We absolutely really, really badly need that AI for truth, ex -price, Peter. Yeah. Right? Like we need a filter to help us navigate that, a personal agent, by the way. Whether there's something else that Sam often said was super important in the past few days, which was that you're going to have your own personal LLM that will filter stuff for you and act as your personal, almost security guard as to what messages come into you. And I thought that was a really powerful way for me. That's important to shape your mindset, right? Our mindsets are shaped by what we read, what we hear, what we see, who we hang out with, what we ultimately believe.

39:57That's right. Right. We're shaping our neural net. And so, yeah, being able to filter that, you know, we talked about echo chambers in Facebook I think there is a danger, but there's also somewhat of an important ability to control that. This week was milk and global. I was there. It was incredibly, incredibly crowded. I mean, I have no idea. It's like, I've known Mike Milken and I can serve a friend. He spoke this year for me. We did a fireside for a few hours at the abundance summit. and milking global is just insane. It's just huge. And I think the highlight for the event was Elon on stage.

40:41I spoke the next morning on longevity, but there are two clips I grabbed from Elon's presentation just for some conversation. I'm curious about your point of view. Let's play the first one here. Yeah, I might be the most important question of all. I mean, the percentage of intelligence that is biological grows smaller with each passing month. Eventually, the percentage of intelligence that is biological will be less than 1%.

41:17That's actually, I guess, what AI that is brutal. So, that's an important thing for people to realize is that, you know, when you think about intelligence in terms of human level intelligence and intellect, it's always been represented by the number of humans on the planet. And it's just now over the last few decades that we can talk about intelligence. I mean, there's animal intelligence for sure, but higher level intelligence now being in compute and biological human intelligence ultimately becoming a diminimus percentage of the intelligence in our known universe. So I have lots of issues with this, mostly related to the old trope I have of how do you define intelligence, right?

42:13We've talked about that before, so I won't go into it here. But in this case, I do like it because when you have artificial intelligence and you can tailor it, our intelligence are biological intelligence for four billion years as you've all to do two things, survive and appropriate. Yes. And now we can free other forms of intelligence from those two things like PageRank is evolving completely orthogonal and complementary intelligence to humanity. So I think of the intelligence we're growing in machine learning and in AI, as orthogonal to human intelligence and not replicate of it. And if you can bring it into higher realms and have a vibrated energy levels like the Hawkins scale, then you give it really powerful outcomes like Maso's hierarchy worked and self -actualized.

43:02And so there's some really wonderful deep thinking that can be done in some really wonderful philosophical explorations that can be done with this. So I'm finding it really exciting to think about a lot of that. I mean, I think about it in this way, you know, throughout the day, there's always moments like I wonder what, you know, and then I'll trail off. I wonder what would happen if I wonder if this ever occurred. And if I happen to have enough time, I can sit down and Google it or ask chat GPT. But there's going to be a time where I can just spin up AI agents of myself to go and do that work and then report back, right?

43:44It's um yeah. I mean that's that's extraordinary. Um, you know, way back in the 50s, Marvin Minsky, who's one of Ray Kurzweil's mentors, I think you've met Marvin. I did back when I was at MIT. Yeah. I met him once very briefly, but he had a whole thing of having self ideals and then self consciousness, then self reflective, then deliberative and reactive or the other way around. And in either ideal world, you start with a reactive, deliberative, reflective, then self -reflective, self -conscious, and then self -ideals. And so he actually created a whole hierarchy of increasing sophistication of intelligence, which I think is going to be amazing to watch evolve and come into being.

44:25And I also take the positive view that a very evolved AI is thousand times less likely to do harm to us than not. You know, I just recorded a podcast this past few days with Guillaume Verdun, the founder of the accelerationist movement of the FJs, and he was making the important point that we need massive diversity in our AI. And one of the things that Elon just hit at the very end of that comment was making sure it's not brittle. And one of the things that biology does is it creates massive diversity so that if there's ever a massive impact on the planet or on the environment Yes, it will kill a lot of people or if a new virus comes in or a new poison gets exposed but through evolutionary diversity there will be something that survives and then dominates Right.

45:24So we need the same thing in in some way, I think he's saying in the AI space too. I just had a little fork that gets me super excited Peter. What's that? Which is, you know, given if you take alpha -falsay, right, and the ability for to model out things, you could essentially apply that to a species thing and say go create a million new species. Yes. I mean, you could like this. So you could actually repopulate increase our resilience and say we want to have 10x more species because we see feel like the insects are dying out. Go for it. Can we populate a bunch? You know, that might be a really good one.

46:01Well, you see, yes, and I mean God knows what you'll end up with. It's like, but that's the same with evolution, right? Remember when they found discovered the duck pill platypus? They literally thought it was fake. But you know, it's interesting. I think about the, you know, today we're building humanoid robots out of motors and metals and sensors. I think ultimately we're going to build robots biologically. You want something that's a carpet cleaner. You're going to design a biological robot that eats lint and peas stain remover. And that will be, and I often thought, But listen, I don't want to get into the black hole pit of UFOs, but I've often thought that these aliens that different societies speak about consistently, the grays, whatever, and I know nothing about this stuff.

46:57In my mind, I think they're probably biological robots that were sent here to explore. I mean, you're not... Gone? Yeah, I always look at it from just for the sake of argument, look at it from rather than we're building robots with machinery, there's no difference between us and robot is just the we're operating off wetware. Every emotion in our brain is just a subverting. Yeah, and we are we're micro machines, we're molecular machines, right? And when Eric, that's right, Eric Drexler wrote engines of creation, He talked about nanotechnology as where we're going to end up, and these will be just more efficient versions of biological machines, which entropy and thermodynamics ended up creating us, but not with a putting aside religion, not without an intelligent system optimizing it.

47:52So yeah, just as an example, just as an example, it turns out that a photosynthesis that plants used to convert sunlight into sugar is a really, really inefficient process. It's like you could make a 20x better as an article I read somewhere. So if you could make a 10x better, oh my god, it would totally change our energy harvesting capabilities for plants, animals, and all species. So you could actually go apply AI to all these micro biological functions and radically change them. It's going to be a fun if you deck it's ahead. All right, let's check out Elon's opinion. So this is the basis upon which he is building his AI company, X AI.

48:33Let's listen up to Elon here. I think an AI would be that is true seeking, mechanically curious, would foster human civilization just see where it goes. So the basis there, and he said the same thing at the abundance summit, is if you're trying to like, how do you optimize an AI? What are its focused parameters that's trying to maximize? And for him, it's maximally curious, got that. That's probably good, especially if you're finding, if curiosity gives you some level of truth and maximally truth -seeking. You know, and what he said is do not force your AIs to lie, which is what Gemini did in its sort of like woke Gemini version in the early days.

49:27I mean, I think about this a lot. What's your optimization function in your AI? What are you trying to do? I think these are pretty good, and what do you think? I think these are very good. I have a bias about human civilization. Because as my dad said, we've not civilized the world, we've materialized the world. We still have to do the job to civilize it. So I think, because we're still deeply wired to operate as tribal, tribal beings, right? Us versus them, etc, etc. So we have to use AI to mitigate against those deep -seated biological biases. And by the way, I think that's the only way. So we all have these cognitive biases, right?

50:14And people should be aware of this, right? You have a recency bias. You give more weight to something that you recently heard over something you heard a year ago. You have a negativity bias. You give more weight to negative information. It's a familiarity bias. You give weight to some cost bias. All of these. and you will be able to turn on your version of Jarvis, my favorite AI, and say, listen, I want you to make me aware when I'm being biased, and I want you to give me counter -veiling information. I think that's gonna be an incredible. Or please identify the biases that I'm coming with. Yes, yeah.

50:50For looking at some piece of content or understanding something or making a judgment call. This is where I think AI's in the boardroom We're really, really useful because a nail will be able to go, I'm sorry, they're operating out of total prophecy can I even even if it's not Ex you know politically acceptable because that political acceptability just could destroy us So here's another Google announces med AI models for health care um, and I think you know, we're seeing Apple and Amazon and Google I mean there's nothing more valuable than a person's health And so I just had a chance to speak with Karen D'Salvo who's the head of Google Health, amazing MD.

51:32And yeah, Google is going to help you. It will ultimately be your best diagnostician. It will ultimately be your best surgeon as well. I am super excited by this, especially in say emerging markets where they have a doctor per million citizens type of thing. You can now have a very viable medical help and medical care diagnostics, etc. across the board at a near zero cost. This is what Ema was trying to get to when he was, as when he talked about it at the above and some at another's. I think that is going to be an uplift for humanity, the way that we've never seen. Did you see the movie Oppenheimer?

52:11If you did, did you know that besides building the atomic bomb at Los Alamos National Labs, that they spent billions on biodefense weapons, the ability to accurately detect viruses and microbes by reading their RNA? Well, a company called Viome exclusively licensed the technology from Los Alamos Labs to build a platform that can measure your microbiome in the RNA in your blood. Now, Viom has a product that I've personally used for years called Full Body Intelligence, which collects a few drops of your blood, spit and stool, and can tell you so much about your health. They've tested over 700 ,000 individuals and used their AI models to deliver members' critical health guidance like, what foods you should eat, what foods you shouldn't eat, as well as your supplements and probiotics, your biological age, and other deep health insights.

53:04And the results of the recommendations are nothing short of stellar. As reported in the American Journal of Lifestyle Medicine after just six months of following Viom's recommendations, members reported the following, a 36 % reduction in depression, a 40 % reduction in anxiety, a 30 % reduction in diabetes, and a 48 % reduction in IBS. Listen, I've been using Viom for three years. I know that my oraling got helped is one of my highest priorities. Best of all, Viome is affordable, which is part of my mission to democratize health. If you want to join me on this journey, go to Viome .com slash Peter.

53:43I've asked Naveen Jane, a friend of mine, who is the founder and CEO of Viome to give my listeners a special discount. You'll find it at Viome .com slash Peter. We are having a lot of AI news. What comes along with it now is robotic news. This is fun. So we're going to start to see Tesla's optimists being used in the factory. I think Tesla, you know, Elon's had a tough month on Tesla and he said we have two important breakthroughs that are going to be driving sales. One is optimist, one is RoboTaxies, we'll talk that in a minute. But you know, if you can bring the cost of labor down, a lot of the things that we buy, it's labor.

54:26or materials cost is important, but labor is still up there. I'm not gonna run the robot, but here we see Optimus checking out these lithium -ion battery cells to make sure. Yeah, can I give a bit of framing on this? Yeah, of course. This, one of the things that really blew our minds a few years ago when we first saw the backster robot. I remember backstreet, yeah. And what I found unbelievably fascinating about it was that throughout the history of robotics, because we've had robots in factory floors forever, you had to program the robot explicitly. And you had to say pick up what we just turned 90 degrees, move over here, turn back, put it down, rotate it, fit it into the slot.

55:05And you had to list that and program it in that way, which took forever. But with Baxter and all of these humanoid robots, you can literally show it what to do. And it literally learns off the movements you show it, and then replicates it and optimizes from there. So you don't have to program a robot anymore, which is a huge breakthrough and allows you to now expand into all these use cases in really, really powerful ways. So I think there's an unbelievable explosion of use cases coming. And the what we've been waiting for is the cost of all of the server motors and movements structures, etc. to drop because the original backstero robot, the arms cost $10 ,000 each.

55:43And now that's dropping 50 % a year and now it's down to, I think it's about $1 ,000 an arm today. I'm just going to keep going down. So that's really, really exciting. All right, so let's move on beyond Optimus here. I found this absolutely fascinating. So the title reads here, Nvidia announces Dr. Urika Robot Training LLM. So I mentioned earlier that being able to simulate something is why they really work in real life. And so Nvidia announced in a large language model agent that automates writing code to train robot skills. So here we got, we have a robot dog that's going to be trained to balance on a yoga ball, purely in simulation.

56:30And then they actually, it transfers, and what's called the zero shot to the real world, which means here's the robot dog on the yoga ball. And the first time it's tried in the real world after being learned in simulation, it works perfectly. That's amazing, amazing. Incredible. Can I give you my other favorite story around this? Yeah, please. Do you know the story of Ross Chastain, the NASCAR driver? No. Okay, so about 18 months ago, and we can find the clip and stick it in, by the way. A NASCAR driver called Ross Chastain was on the final lap of a race, he's seventh place, and his team tells him you have to jump four response to qualify for the championships.

57:16And what he did was he had one shot at this because in normal racing you can't pass four cars in one lap. It's impossible. What he did was he floored, put the car into fifth gear and floored it and he went around and he used the wall to keep himself in from hugging the wall. He used the wall to keep himself on the track and scraped the wall. at one point he was going 70 miles an hour faster than the other cars and wished around the wall catapulted himself and came into fourth place and qualified. Wow. It changed. It changed. It changed. It changed. You everybody's mind. He made a change of the game.

57:53It had never been done in the history of racing and was incredible about it. He practiced this on a GameCube. A car simulator. He practiced it on the simulator and then freaking did it in real life. Unbelievable. They of course changed the rules after that because because he was too dangerous. I thought you were going to tell me they put little wheels on the side of his car or after that. Well, the one little stud was sticking out of that wall of you to ventot. Yeah. But he did it and it actually worked. And it's just such an incredible example of applying technology and making a breakthrough that nobody ever thought was possible in a really powerful way.

58:28Thinking and coloring outside the lines. All right, here's a mask, humanoid production in China by 2025. China is also developing a humanoid robot industry. Look at that. It's a lot of year. It's coming true. Alex Gu is the founder and CEO of Fourier Intelligence. Last year, he launched the GR1, his first generation humanoid. We can do... So a couple of comments, one, I still think Optimus is the best looking robot. And two, amazing, right? China needs this to maintain its economy in a big way. Yes, the birth rate and the huge population of implosion they're going to have. It was same with Japan, they need robots to actually do all the work and they don't have a choice.

59:25So they have to automate and create robots at scale in a way that we've never seen. I think this is going to be super exciting. I'm kind of, you know, you've been really, really enthusiastic about this for a while and I'm slowly grudgingly getting there. Yeah. Why is it grudging? Why use cases? Why you not exactly like that? Well, just because I'm like, I don't understand. My big beef is why the humanoid, it's such, the human being is such a professional shape. Because our world is designed around humanoid us. I mean, it's like this thing is the size that my hand can grip. You know, we have to redesign the rest of our world It's you do you remember um what was that little device that predated the pom -pilot remember the pom -pilot Oh, okay, so the pom -pilot was interesting They they were trying to get the software to adapt To your writing style And then they made a decision, no, we're going to actually teach the human to adapt to Palm Pilots' writing style.

1:00:26And they created some kind of a script, right? A T was like, oh, that's right. And so it's rather than building, you know, rather than changing the built world to adopt for the robots, have the robots adapt to the built world, you know, elevators, escalators, stairs, chairs, all those things. I mean, it makes perfect sense to me. And they're much cooler. Come on. Come on. Look at the whole thing. Let me push back on that. So if I'm wanting to mow a lawn, I don't want a human or robot. I want a robot lawn more. It has wheels. But don't you want, no, no, no, no. I want the same robot that can clean the dishes and can mow the lawn and can fold the laundry and can clean the kids room, you know, and can go shopping for me.

1:01:18I don't wanna pay for that and teach every one of these and pay for all the different hardware. You know, I want to - Got it. That's it. Okay, so you're gonna end up with a robot that looks the end of its arms are gonna look like a robot with a vacuum cleaner with 60 - No, it picks up the robot, picks up the vacuum I currently own and vacuums the room. Oh my God. Okay. Yeah, there you are. I'm. You disagree. I think that I think that gets too hard to do for many many many use cases. But I'll give you my counterpoint. I think what will happen is let's say I want the human or robot to go more the lawn.

1:01:58It'll put out it's it's connector thing which has a spinning blade and it'll go around mowing the lawn. Perennic can do that pretty quickly and you don't worry too much about it. But I think there's a hidden dirty little secret in all of these human robots, etc. which is power. And we saw this at the abundance summit. The battery life is still really, really poor on these things. They last like an hour to an hour and a half. But again, that's going, that's going exponentially. So nuclear power plants, a few iterations in micro -nukes. Beam power. Beam power. But I do take your plan. I think it's going to be super exciting.

1:02:34and I'm coming, I'm tilting more and more over your area. He better, the prediction is a billion robots in like a decade's time, right? But not Coastalized, like, you know, we're gonna exceed an Elon's like 10 billion robots. Well, I mean, that's what he would say. Do you have any cars that were on the planet? That was, I was shocked by this. There's like just under a billion cars. I would have thought there were more. And so the prediction is more humanoid robots than cars by orders of magnitude. Okay, okay, I'll give you my counterpoint. Yeah, I remember Avi Reckenthal used to say You'll have multiple 3d printers in in your house.

1:03:13Let me need you. I never said that

1:03:20And but there was certainly a meme in the industry saying every room will have a 3d printer robot a 3d printer And we didn't kind of see that so I I, in sort of millions of robots, I, why can't we have one humanoid robot that does a lot of things in your shirt and within your neighborhood? And that one thing doesn't. I think it's going to be, I think you'll see it done. Listen, the Elon's prediction and God knows he is the most precise and all predictions known in the universe, right? But let's just say I'm an investor in figure. I'm going to go and visit Brad at cock at figure in a couple weeks.

1:03:58Okay. And the number there is somewhere between 40 ,000 and 100 ,000 per robot. Okay. So if they have the same kind of lifetime as a car and you can lease them, we're talking about $400 to $1 ,000 a month for a humanoid robot. That's pretty affordable for something that can do all of your tasks all the time. 24, 7 on demand. And yeah, I might lend it to you, but I may just want to have it there when I want it. Anyway, we'll see. I, I, okay, I'll give you my, kind of huge flags to go off in my head and then we can move on. Okay, okay, go for it. Which is the liability insurance for that robot is going to be ridiculous because what happens if it scratches my rare desk and and accidentally hurt your kids.

1:04:52What happens if your kids scratch at the desk? Or if you're someone, or your person cleaning your house, scratch at your desk. Yeah, but I think a robot is more likely, well let's see, this is where, let's let it go, but you hear my question. All right, I don't agree, can I do hear you? All right, so last slide on the robot side is Tesla Robotaxi, pretty cool looking vehicle. So this Elon's announced on August 8th, he's announcing the Tesla Robotaxi. And he went to China, he sort of like skipped India, went straight to China with the objective of a Robotaxi in China. And this is rumored to be $25 ,000.

1:05:41dollars. This is if and when he gets this right, this is the biggest financial play that Tesla has ever done. It's the massive market, massive market. Have you driven, have you driven on one of the any, any of the waymo's or anything yet? Yes, I've been in an autonomous taxi in Phoenix. And they're clunky and a little slow, but they work perfectly well, especially in a very predictable grid format. For this particular announcement. I'm usually a little suspicious of some of Elon's announcements because of the the PR aspect of it, but this one I'm very, very, very excited about. I think this brings to fruition the potential of Tesla in completely changing the game for transportation.

1:06:29I'm unbelievably excited about this. Yeah, I agree. I mean, for God's sakes, can I put my kid in a taxi seeing a robot taxi and let it drive into school. Yeah. I mean, it's ridiculous. I find this as the question is how fast is this transition gonna occur, right? If you look back 120 years ago at the transition from cars, from horses to cars, it took like 10 years. And then it was like, it was very fast. It was very fast. Yeah. Yeah. So we're gonna see, Waymo has been really slow in coming, right? I mean, and what's interesting is that Tesla vehicles are at least unless he's changed his name of his game are all camera -based.

1:07:20There's no LiDAR, right? There's no ultrasound. It's all imaging base. So I know I use I use autopilot it all the time on my car. And it will have FSD. I have full self driving, yeah. And I use it 90 % of the time. It's only tried to kill me like once, maybe twice. And I probably jumped the gun. It's like, is it making a right turn here, like into those cones over there? Does it see them? And I can't take the risk that it does. It probably would have. Yeah, but it will take me, you know, the only problem is when I'm using full self -driving, your hands have to be in the wheel and it's feeling the resistance you're putting on it.

1:08:08And so a lot of times it's like my hands on the wheel but it's not tightened up and not a resistance and then it starts blinking red and says full self -driving is off. You know, you've been a bad boy, you've had your hands off the wheel. So I can't wait for it to actually be there all the time. So I can like make use of that time. I think I think so the next step on the Robotaxies is I think one level when I can take my existing Tesla Yeah, I'm popping into the fleet. Yeah, one or two day business trip. Yeah, that's when I think the the next Infliction point really yeah, definitely I want to be able to say push the button on the screen that says go earn me some money And then yeah, I'll happily split the revenue 50 50 with Elon or whatever it is.

1:08:52Yeah All right, let's go. Let's go any money hopefully. Let's close out on Bitcoin news, exciting couple of weeks here. And you've been on so many stages with and without me saying, buy Bitcoin, buy Bitcoin now. I have. You have. I am very, I'm very, very excited about this. This is one where MicroStrategy, Michael Sayler announced a decentralized ID protocol using ordinals. Our ordinals are like NFTs for the Bitcoin world, non -frontiable tokens. And this is pretty exciting. I think it'll come down to whether it's truly self -sauver. I haven't looked into the product orange protocol closely enough to see if it's actually self -sauvering ID.

1:09:39But I think it's a really great play. I think he's got a great shot at doing it and the potential here. So can I do a little, so let's go through a couple others. So I want to make a couple of comments about Bitcoin and crypto in general. Okay. Let's go here. So, you know, I think the big news has been the having. It happened. It happened. And I'm like, okay, time to go. Let's get that price going. And there are all these memes of people expecting rocket ship ending up with a milk dripping off out of a... a fallen or a milk bottle. So what happened? This was expected. It was. Yeah, when you look at the price charts and you do technique and analysis, when you have a huge runner up like that, it's going to consolidate for a little while.

1:10:32The only thing is how long will it consolidate for before it goes to the next level. The word that I'm hearing is if it drops below 57, then it's going to go to another technical level below and it'll stay sideways for much longer. If it stays about 57, this is a temporary period and then it's going to start shooting up. Again, I did a podcast this morning with Jeff Booth who I think was the chief economist of the crypto world. And I asked him what he thought the percentage likelihood we'd hit a million dollars a bit and what he thought the ultimate value would be. And he said, I've said it in the past, I'm 99 % sure, but I'm now 100 % sure it hits a million dollars a bit.

1:11:19When? When is the difficult problem question? Because when is this obviously the last thing that starts the outlet? He's death of the universe. So, come on. He refuses to, he refused to put timing for various obvious reasons, although I tried to pin, hard to pin them down. But he made a more dramatic comment that I've heard before which is the world has about 900 trillion in assets globally and His view is that Bitcoin will become that 900 trillion divided by 21 million in that division. It's 42 million of Bitcoin He is now of the opinion that we will over time inevitably move to Bitcoin as a not just a store of value like digital gold, but a unit of account.

1:12:09And you'll be measuring your house, not in how many dollars is worth, but how many Bitcoin is worth. Again, it's game over. Listen, I talk a lot about longevity. I talk about adding 50 years of life, 400 years of life. I just need to understand, is this like, can you give me a decade? Yeah, if not, if not a month. So can I give you my personal review? I think Bitcoin hits a million dollars of Bitcoin in the next three to four years. Why? Because the debt bomb is now hitting this year, the US will spend more servicing of debt than it does on the military. Yeah. That's a massive, massive number.

1:12:52That's the highest expense item on the US annual bill. and now the interest on the debt that they've incurred is now the highest biggest expense. And it's growing exponentially, by the way. I don't want to use... I don't like using that example of exponential growth. Let's close out with this subject and this video. Let me hit play here and then you talk to me about it. Tom also lost $30 million in crypto. Tom, how did you fall for that? I mean, even Grunk was like, me know that not real money.

1:13:34So this one, Viral, completely viral as kind of a joke on Tom Brady at his roast. I think the bigger implication here is why did he lose so much money, right? And this speaks to the FTX clops. Now I'm going to talk about this for a minute. So when you have digital currencies and crypto currencies, et cetera, there's three points on the triangle you want to hit. Decentralization, security and scalability. And it also ties back to what Jeff Booth is, why he's so excited about Bitcoin these days. When Bitcoin first came out, it had decentralization and security for the first time ever in a digital currency.

1:14:12We'd never had that before. People got super excited by it. But it did not solve for the scalability part because Bitcoin initially was not that scalable. Hence all the altcoins Ethereum, Solana, Cardano, Dada, Dada, Dada. cases as I saw it, consumer grade, micro transactions, etc. But in doing, actually trying to achieve scalability, the compromised undecentrization or the compromised insecurity, hence the FTX collapse because it wasn't decentralized and hence Luna, etc. So FTX looked really good for a while, but because they underline architectural flaw, Tom Brady lost a lot of money on it. It's not commentary on crypto in general is the fact that the scalable altcoins were flawed in decentralization or flawed in security.

1:15:01In the last couple of years, they've developed a lightning network on Bitcoin, which actually makes Bitcoin scalable. And now there's an explosion of engineering. If you think about scalability, that's an engineering problem, not an invention problem. right? And so now there's all these efforts to create layer twos on Bitcoin. Lightning is one of them that looks pretty robust and now we can make Bitcoin truly scalable and it's all three and therefore the like the super smart folks that we know are going all in on Bitcoin. So that's part of the rationale there. What's your ratio of owned Bitcoin to Ethereum to Solana or to anything else.

1:15:39Right now. Yeah. I'm in the I used to be about 50 50 I'm now in the 85 to 90 % Bitcoin. Yeah I'm I'm the same. And I've gone deep in Ordinals. Ordinals. There's like ordinals that are on the cards. That's the Cardinals. The Orioles. And FTs are for our NFTs on Bitcoin. So, you know, we as an opening exo community have been waiting for a while to launch an NFT project because with a community, you really want something like that. And how do you reward the exo -heroes? So we actually have just announced and have minted a collection called exo -heroes, which are a collection of ordinals and we'll go across multiple chains of this for people that are building the new Web 3 realities that will replace the old world.

1:16:36And so that collection is going live over the next few weeks and we'll be allowing people to mint exoheros for free if they have recruits and other things that they can go to exoheros .com and check it out or track us at exoheros and FT on Twitter, I think it's in the general. We finally jumped into that modality. Great. How big is the EXO community again, Selene? We're now 37 ,000 people in 150 countries. Amazing. And how does someone... We offer tools and transformation toolkits and how to build an EXO. We do master classes, training, networking, etc. Awesome. Awesome. So check it out at openexo .com and Selene, what's your handle on EX?

1:17:24My Twitter handle is Selim Ismail, which has been a bit of a nightmare recently because the podcast I did with Tom Biliu just dropped. So I'm getting some weird mentions and a couple of weeks ago, remember you and I did a clip, one of your moonshot episodes, and there was a two minute clip of me talking about the fact that you cannot regulate AI at all, and Elon retweeted that clip. And weird things happen when Elon retweets your face. Yes. You get marriage proposals or what happened? No, but just some really like who the hell you power. It was very surreal. But it's a really important point. We made that point.

1:18:05I'm going to make it again. We'd see no mechanism by which you can regulate AI. Like at all. You'd have to go down and regulate it. So every line of code being written, which is obviously not. or invent a time machine, one or the other, whichever is easier. No, I think so we've partnered with the Casper blockchain, which is doing a really amazing job. They're what they're doing is they're creating a blockchain based audit function, where you can run your AI through an audit analysis, and it'll analyze the depth of the model and the elegance of the model and so on. So there's a really interesting vector there on that.

1:18:43Well, amazing. Everybody, thank you for listening to this episode of moon shots. WTF just happened in tech this week. Please subscribe if you like this. Share it with your friends. Slim and I will be doing this on a regular basis, at least every two weeks, to hopefully make it fun and give you some context of what's going on in the technology world. If you're interested in my abundance 360 summit, you can go to abundance360 .com. If you're interested in EXO, Selim's organization go to openexo .com. Selim, I love your buddy. Be well and talk to you soon. Let's appear next time with humanoid robots next to us, helping us out.

1:19:26I think we should tell people that we are actually humanoid AI robots in the first place and not holding. There you go. Not lighting them again about this thing. All right, take care, pal. There you go. All right, bye.

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