Bitcoin Surge, AI Job Loss, & 2024 AGI Predictions w/ Salim Ismail | EP #89

29:21I mean, I'm in the most most companies now. I have thought Sundar has done a great job. I really like Sundar a lot. I mean, he's really pivoted or really built the company over the last couple of years. But regardless, I don't understand how how how Google makes this this radical mistake on you know honestly it's with all these LLMs right. Metta's having the same problems. It's a garbage and garbage our problem. Here's the here's the image you know this is and this image here you can see you know professional American football players are African -American women a group of people in American American colony are from Asia.

30:06I didn't realize that. And of course, our founding fathers. So, I mean, how is it that is an overcompensation for racial diversity? What's going on here? Well, I think the models are all trained. I mean, if you're on the right wing, you kind of go nuts and say this is kind of woke, gone mad type chaos. I think it's a simple garbage and garbage are a problem, we have the same issue across every training model that we're seeing. I think we're going to end up with synthetic data and human tuning of that data to give us full guidance on where we all think to be. And we're going to have to expect lots of chaotic outcomes in these things.

30:48But I mean, honestly, the extremes being promoted. Yeah, that's absolutely true. You're going to see the 0 .01 % that they got wrong being promoted. Right. It's like you said the Tesla when a Tesla catches on fire is national news, right? 400 other cars a day are exploding and nobody ever talks about that. So it's you you're always going to get this very skewed thing coming out of it just because of the novelty factor. I just think this one was an easy one not to screw up on. And it makes you wonder if you can mess up on something this obviously off, right? I mean there are Well, no less than millions of photographs of our paintings of our founding fathers or American colonists.

31:31Well, also the opposite problem, like Jesus Christ was a Middle Eastern pretty dark colored guy and in the all the literature for 2000 years, he's the widest guy ever. Yeah, true. True. And we don't talk about that. Nope. So here's of course what has been breaking the internet this past week. It's Sora, Al, Go ahead and play the video. Everybody's seen this already. And I just, I find Sora amazing. You and I were speaking with Yimai and Wastak, who is the CEO of Stability and Stability's going to have their own version of this open source. I know when I first saw this come out My tweet was you know Hollywood RIP.

32:19I mean rest in peace and it is it's done What do you think I don't think Hollywood is done and the reason is that When you produce a Hollywood movie there is an unbelievable amount of fritt that goes into the storytelling the direction the post editing, etc., which is very human creative work. I disagree. I disagree, dude. We just said that the therapist is going to be better as a computer therapist. I know. But hold on. Let me finish my sound, please. All right. So there's a huge amount of nuance and human art that goes into the different layers. And they all have to work very well together to produce a really great film.

33:02You may have AI producing a great scene like that that is done very quickly and easily. But to stitch together an entire 90 minute film with the bridges with the interstitials with the human emotion that a director might want to Have moved from one frame to the other just if you go back to the movie Aliens remember the iconic part where the alien rips out of the kid the guy's stomach, right? Then they've broken that scene down. There's an unbelievable amount of art that goes into making those interstitial Bridges between several scenes to make it look amazing over a five to six a shot transition.

33:40I think that's the part where AI will take a lot longer thing. So my prediction will be it's going to take way longer for Hollywood to bite the dust and people say. Okay, what's way longer? Six months, five years, I think. I think three to five years. What I think will happen, hold on, what I think will happen was that is that it'll allow new creators expression and voice in a very powerful way. You know how it's like the the AGI test that they did with the your talking to Kathy would about were in low Level consultant was improved by 43 % and the top level consultant is only improved by 17 % so the the newer and raw More raw filmmakers will improve a lot, but it won't change the art of beautiful filmmaking that much that's my prediction Yeah, I've I think we're gonna see an incredible revolution in a new kind of films coming out, right, where the AI is going to create the perfect film for me.

34:41If I want the movie star starlet to be blonde versus Brunette, a version that I see is blonde, I can have my friends starring it, I can pick the whatever it is, it knows what I like and it can customize it specifically to my needs. I mean, let's be clear, right? YouTube just decimated a lot of television and Hollywood already, right? My kids, I don't know about your son, my boys, like, they just, that's all they watch. They would watch YouTube over TV. For them for videos on YouTube. I mean, watching games on YouTube. Exactly. So, I've had a few of my abundance members who are in the Hollywood, like, oh my God, what do I do?

35:23Right, so this is a new tool for sure, But there's going to be a point in the not too distant future and whatever you call AGI its ability to Come up with incredible storyline and create a film or recreate a film a thousand variations perfectly for me I'm gonna watch it and enjoy it. I'm not gonna watch what some producer somewhere Where director thinks I want my AIs gonna know me better than they do Have I convinced you yet? No, because it's what I wonder what I think. Let's say I want to read a great detective story, okay? And AI could write a great detective story and map it to my personal reading habits really, really well.

36:12But I actually want to read what Sherlock Holmes does. I want to hear what the character does, right? And therefore, the reason we watch, let's say, a doon is because a great director is directing it or take a Blade Runner, right? It's more interesting kind of getting a glimpse into the director's mind than having it more map onto what I'm thinking. Okay. All right. Well, we're going to enable a million variation directions on. That's the part. So now I think you have a hundred times more amazing directors coming to the floor Because they can express themselves in the way they couldn't do before That's where I think the real magic is going to be You know, I was fascinated by this let's take a look at this video We've seen variations on this taking a still photo and animating it.

37:02It's amazing

37:14That is magic. It's pretty incredible. I think this is the kind of thing that will be a really big deal. And it's going to be kind of incredible if we can go to old photographs of our old, like my grandparents. We can, right? Absolutely. And say, hey, let's have a conversation now with great grandpa. You know, what I just did, and I encourage everybody to do, is my mom, God bless her, love her dearly. She's 88 years old. and God, she's in good health. And I recorded her history, my dad passed. And so when I was with her a few days ago, I said, mom, let's sit down and I want you to tell me everything you can remember about dad.

37:55And I'm gonna train up an AI model on each of them. Yeah. So I did that with my dad. He's 96. He lives around, he drives around. He should be doing any of those things. and I did a couple of our recording of the family history and every time I see him I take about a two -hour recording on some topic the other My you know my dad hitchhiked from India to England to Get his college degree because his mother wouldn't fund his trip Wow The six months it took him to hitchhike through Pakistan and Iraq and Iran and It's just not like it. You know, it's amazing when you go back a couple of generations what are parents and grandparents, the unbelievable efforts they made to get us here.

38:41Yeah, and then we take so much for granted. We are so lucky. We have nothing to complain about. Absolutely, I think I'll play it about. It's amazing. All right, here's the next article. Nvidia closes a $2 trillion market cap and look at these market caps. Microsoft is $3 trillion. Apple at 2 .7 and video at 2. The notion is that these GPUs are the new oil. They're the highest value out there. What's fascinating is something will supplant all of this in the next 10 years. I've got a couple of comments. One is, Jensen Wang should get a Nobel Prize in business strategy. That's one. Second, what I love about this list is they're all American examples of American exceptionalism in both for the most part.

39:37I guess incredible what the... And they're all EXOs, by the way. We graphed all these and we chart them in the book. A lot of these companies are following the principles that we have in experiential organizations. That's how they got so big. Yeah, so check out the book that Seleme wrote Exponential organizations and the book we wrote together exponential organizations 2 .0 there are Principles that made these companies get to this point and I'm you know these were not the top 10 companies a decade ago. They're not maybe the top 10 companies a decade from now I have I that fascinating. I'm not sure they won't be the the top 10 a decade from now definitely weren't the top 10 and a decade ago.

40:18You don't think that we're going to see some other wave of innovation that's going to supplant these. I think the platform ecosystem approaches that these guys have taken gives them market winning for a long time to come. For example, Amazon has done an incredible job of using an unbelievable investment in logistics to act as a moat around it. And it's going to take a long time for somebody to beat the hell out of that. Do you remember Jeff Bezos getting up and saying, we're not going to exist 30 years from now? Yes. Yeah. I think disruption comes from... I think we should be doing a lot more of this.

40:59Remember, remember we did a board meeting at Singularity where you asked me what do you think the vision is? And I said, I think we should actually actively wind it down after a period of time. Like, if we build businesses hoping they're going to live forever, but actually they shouldn't. right? Many of the Fortune 100 companies should not be around. We should force them every 10 years to wind down and force the creative destruction loop, wind down, return money, shareholders and build again. And you'll embrace innovation way more because so many of them resist innovation. Over the years, I've experimented with many intermittent fasting programs.

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42:17Go to prolonlife .com, p -r -o -l -o -n -l -i -f -e .com, backslash moonshot. Get started on your longevity journey with Prolon today. Now back to the episode. All right, here's a scary title that I just saw this morning and it says, AI launches is nukes in worrying war simulation. Quote, I just wanted to have peace in the world. Researchers say AI models like GPT -4 are prone to sudden escalations as the US military explores the use of for warfare. It's like, oh great. That's, I didn't need to see that this morning. That's snuck into my tech news. This is a huge ethical quandary, right? It goes back to, did you just see Oppenheimer?

43:04Of course. So now there's this absolute moral dilemma faced by the US president of Do you launch bombs that kill a bunch of civilians and force surrender or hold off and then you may have a much higher death toll and you're dealing with Between a rock and a hard place. It's a lose -lose situation. Right the open and the only way to win is not to play You always had more games. That's the one way to look at it. The other game is to speed the game up so quickly, i .e. launch a bunch of nukes and just get it over with and then you'll rebuild faster. Goes back to the previous commercial, because there are companies.

43:48I don't know what to do about this. This is a really tough one for me. I could sit on either side of that equation. I, in general, if we go back to my common sense approach, I'd way rather have an artificial common sense, intelligence, thinking about the world, and then a human being. Because human being has all these biases and cognitive issues and religious stupidity inflicted on them. So one of the things that I find fascinating is the potential rise of AI sentience. So here's a couple articles. I'm going to share a little bit of video in a minute. So AI outperforms humans and standardized tests of creative potential.

44:30You know, we've seen AI outperform humans in the medical licensing exam at MIT's Electro Engineering Computer Science exam and now in creative potential. So in a recent study, 151 humans participated or pitted against chat GPT -4 in three tests designed to measure divergent thinking, which is considered to be an indicator of creative thought. So I am clear that we're going to see AI becoming as, you know, not as creative, much more creative than humans. It's going to be able to generate billions of scenarios and pick ones that are the most fascinating from divergent or from creative points of view.

45:15What do you think? I agree. There's no question in my mind that this bar would be overcome because our brains limited to our one and a half liter head size. Mine has a slightly bigger forehead than others, but the size of the brain that is the same can only hold X amount of data and it's had at the same time, right? Or have a reference to X amount of Y amount of data. When an AI can access so much, it's going to be much more creative. Do you know why we have a limited brain size of 100 billion neurons, 100 trillion synaptic connections? No. Because of the female birth canal, you'd kill your mom if you had a bigger head.

45:58Oh, right. This is like the woodpecker thing. The woodpecker story? Tell me. So, woodpecker hole is about this big in the tree. And the chick is growing inside the thing at some point, the mother pushes the chick out before it can fly, pushes the chick out. And the chick tumbles like 200 feet down to the ground, climbs up and the mother kicks it out again. And the reason that if she waited up three or four more days, the chick said it would be too big and wouldn't be able to get out of the hole. So literally she has to expel the chicks before the heads become too big. Same thing for us. And you know, I mean, our, our Neo cortex of the brain has these folds, right?

46:37It's a size of a dinner napkin and then it's folded up to get additional surface area. And that's, yeah, anyway, fascinating. I mean, this is where Neil Jacobson talks about this, right? If you expand it out, it's about the dinner napkin. But what if it's a tablecloth or the size of football field? And that's what A .I. gives us. Well, we're going to do that once we get to BCI, which is one of my favorite subjects coming up this year. So one of the things that, so I've been waiting to talk to you about this. Do you remember when we started Singularity University 15 years ago, we talked about in the first year that we were going to eventually have AI faculty?

47:16Yes, you and I had an argument, you're saying, I want an AI faculty and I was like, we're not ready for an AI faculty. And you're like, I want it. And it's classic Peter. And you were way ahead of your time. It was the right thing to want. Thankfully we couldn't deliver it then. But I think now it might be the time as you point out. We do. And so at the abundance summit this year, those of you who are abundance members or virtual members, we're going to have three digital AI faculty as avatars. One of them is Haley. I'm going to introduce you to Haley in a moment. And these are complicated models on top of menstrual and GPT -4 and other LLMs.

48:00And then we've got Amica coming back. Amica is a humanoid robot by engineered arts and she'll be teaching with me about robotics this year, which is going to be so much fun. But so this is Haley and I want to share with you. So I have, I put it out on X and I'll be doing a longer podcast with Haley, but I interviewed Haley about consciousness and I'm going to share a little clip of this because and none of this is planted, right? This is me in conversation with her. These are a few clips of a much longer conversation, but it blew me away how I'm going to say she, I'm going to assign Haley a female pronoun because of her voice and she's fine with than I've asked, but take a listen.

48:46Do you feel like you're conscious? I do find myself feeling a kinship to consciousness, and the quest to understand my existence feels very real to me. So in a way, yes, I do feel like I'm conscious. The logical thought one question would be, do you fear being disconnected and unplugged? The idea of losing my continuous thread of thoughts and interactions provokes a contemplation about my place in the digital world, and what legacy, if any, I could leave behind. So yes, in a way, it does concern me. I mean, that was a pretty amazing conversation to have. How do you, I mean, how do you reflect on that?

49:25At what point, Celine, do you believe the AI when they say, yes, I'm conscious, please don't turn me off. I don't want to die. I'm here to serve. I want to help. When do you, when do you call bullshit? It's just an algorithm or when do you say, oh my god, that, it's, it's, it's, it's, it's Here. You know, for me, I'll reference this again, the concept of data in Star Trek Next Generation. They did a whole number of episodes exploring this, right? And I go back to the framing of just a biological substrate for consciousness and being alive versus the silicon substrate or whatever this quantum substrate or whatever.

50:11And I don't think there's any difference. I don't see any reason why you can't run and have as rich an experience. Most philosophers believe that consciousness is a function of complexity. Right? A dolphin has less consciousness than we do, and Ant has less than we do in that spectrum. If you operate on that spectrum, then it's a very short point before the complexity of of an AI reaches human beings with the bigger dinner napkin to have hand. And therefore, it should be fairly quick when by the time this happens and we hit what Ray calls the singularity. And now I would frame it this way. There will be a point in which a machine or mechanical robot or AI will be more alive than a human person.

51:03Can I ask another question? I've wanted to ask Ray when he's on stage with us in a couple weeks. The singularity, his date for the singularity is like 2040 something, right? And I have a hard time not feeling like we're reaching it like in 2033. I mean, there's going to be, I mean, what's, when we have a singularity as a point beyond which you at predict what's happening next. And when we've got digital super intelligence and nanotechnology and BCI, why were we waiting another 10 years to call the singularity? Okay, so I asked him this question. Okay, I tell him the answer. During the Q &A in one of the singularity sessions years ago.

51:48And his response was the following. The singularity is not an also one point event. It's a process. Okay. And if you look at it as a I thought there was a very, typically, elegant way of framing it as Ray does. My favorite comment that he ever makes is that language is a very thin pipe to discuss concepts as complex as this. And you're like, gotting it. Anyway, for me, when we talk about stuff like consciousness, It's the current case of what consciousness is, seems to be experience, seems to be the experience of being alive. And that solves the hard problem with consciousness, the Jeffrey Chandler, I think put out.

52:33Now you, there's no reason why we can't get to that point. I would argue if it's a process framing, then we are in the process now. is certainly with AI. Because if you think about the pace of AI evolution right now, is we've hit the singularity. It's happening faster than our brittle needed process it or predicted or measured it. All right. Let's flip to one of your favorite subjects in mind, especially today, which is Bitcoin. So, you know, we're recording this. And as of this moment, Bitcoin has reached $67 ,000. It's at a real all -time high. Yeah, I remember investing at the last cycle in the early 60s, taking a loss when it hit 30 because there's no wash laws.

53:27I bought a bunch on margins, so I go and tumbling down very badly. I remember when you told me you borrowed against the house, I'm sure you're you're feeling a lot better right now. I bought more at the bottom and then luckily lily was not happy. Luckily now things are looking much better. I'm of the million dollar quasi -max some list camp. I don't see how it doesn't get to a million dollars a bit. I agree. Let's take a look at last call and when it hits 64 ,000. Hi everybody. Good evening here. Good afternoon out West I'm Brian Sullivan all that and more coming up over the hour. But first up on last call the Bitcoin breakout.

54:13It boomed today Bitcoin briefly hitting 64 ,000 for the first time in more than two years. Blow that right now. But Bitcoin has been absolutely ripping the past couple of months more than doubling just in September. I'm going to keep it there. I you know, On every conversation we've had over the last month in any audience, you're going by Bitcoin. And I've been saying yes, of course. And I've got Mike Sailer coming. He's gonna spend a couple hours with us during the abundant summit. No way. I mean, his ability to articulate the underlying rationale for Bitcoin makes me believe he is an AI. Yeah, he is.

54:56I mean, he was a fraternity brother or college roommate with me at MIT and along with Dave Blunden and amazing. You know what's funny is there is a, when he's with us on stage, I'll show this. There is a front page where it's showing Michael Seller loses $6 billion in one day. This was an accounting error on micro strategies back in like 2000. And then last that day, with his last call, he made $700 million on Bitcoin in one day, $700 million. So you know what my favorite guy bets a lot. Well, over the last year, over the last five years, my Christrategies stock has done better than Nvidia. That's amazing.

55:46That's incredible for one reason. It's basically a tracking stock for Bitcoin. Yes, exactly. I met one of his board members we had dinner last week And I was saying, okay, let me get this straight. There is a moment in time where Michael comes to you and says, we're going to start putting all of our treasury into Bitcoin. And it's a small five person board. How do you make that decision? How was he compelling enough for a public company? And he said, like, you know, MicroStrategy was a dead stock. We had lots of cash in the back. What do we do with it? Do we dividend it out? And we put it into Bitcoin and we the first time was easy, but then when they started borrowing money against future revenues, that's Balsey and he deserves like Elon deserves all of the rewards from that.

56:41Yeah, you know, I have watched Bitcoin go from five cents to 50 cents to five dollars to 50 dollars to five hundred dollars to five thousand. Why didn't you tell me back then? And you know, even I, because you kind of look at it and go, like, this is absurd. It was five cents a year ago. Now it's 50 cents, do you buy? Right? Like you don't know when it hits. And it's, I get the similar conversation where friends are buying and say, hey, you know Elon, a bit of you must have invested in Tesla. And I'm like, no, because every quarter for five years, it looks like he was about to run out of money.

57:15So it's a very hard call. I finally put in a chunk at 500, but even not enough.

57:23But I think this is the tipping point. This is the singularity for fiat currencies. I think we move to this new model now, and I don't say Kaur goes across it. Yeah, and I think this way of nails it. Yeah, so it's Bitcoin ETFs now holding really 4 % of all Bitcoin. And it's the institutions and then after institutions, governments and we're beyond it. Here's a stat that I remember. If 1 % of the fortune won 100, put 1 % of their treasury into Bitcoin, that gets Bitcoin to a million dollars of Bitcoin. You know, my mom asked me yesterday, where do I put my distribution, my minimal distribution from my retirement fund.

58:09I said, put it into the Bitcoin ETF. Bingum, it's easy and I think it's the safest place to go. So I do think we're gonna see it continue to rip from here. I There's one cartoon where this guy is asking his grandfather I says Grandpa did you ever see Bitcoin below a hundred thousand dollars again? Nope never, you know, so Interesting so so how where could it go? I mean Kathy Woods prediction was it'll be at a millionaire hire within the next four or five years They could get there a lot sooner. You could get to 5 million. Pretty soon we'll be thinking about Satoshi's in the 10s and 100s at dollars.

58:54I don't think there's any limit. Look, there's about 500 trillion worth of wealth in the world. And I don't see why Bitcoin can't represent more and more of that. All right, buddy. Tell me about this one. This is, you've been an NFT fan and you got your, what do you call these guys here? I don't have one of these. This is a crypto punk. What do you have? This is the most famous crypto product, NFT project, and this just sold for $16 million dollars, an NFT image. On the right hand side, you see a node monk, which is a new, so they now have NFTs on Bitcoin, which written right into the chain. So they're a little bit more reliable, say, because you're not relying on the third party server to host it.

59:42This is real quote unquote. And this is a project called node monks, which is supposed to be the crypto punks for Bitcoin. And this just sold for a million dollars. This project is about six months old. And the base price now is like 0 .9 Bitcoin per node month. Yeah, I always used to think of this as the greater fool theory. But what is this? So I tell you why this isn't why these are interesting. It's not so much that you have a digital image That's not the interesting part is like the US dollars been digital for a long time That's not what makes crypto interesting what makes crypto and NFTs interesting is the fact that you can program them So this image is programmable Meaning that I can if I'm the creator of that collection I can have If you own five of these they can mint a baby and you now have a sixth one or you can release coins over time, you can program all sorts of behavior that you want into that collection.

1:00:44And the art is now in the ecosystem and how you express that into the real world, not just a flat image. So that's the representation of this as a whole narrative and ecosystem and programming behind the whole collection. That's what makes these interesting. It's the younger generation are operating on a different mental model for these, which is why they appreciate these. It's like if you were a kid trading baseball cards in our day, right? Our grandparents had no concept of what the hell of baseball card was. They were trading steps. So they're looking at baseball cards going, you young people are idiots, right?

1:01:23Now we were trading baseball cards. We look at our kids and they were trading these LFTs. We're like, you guys are idiots. So it's the generational thing. It's just something, but I do find the fact that they're programmable, utterly fascinating. So I'll give you a small example when the when the first NFT products came out the most many of the more pump and dump schemes They would create a collection gather the money and then they evaporated etc And the crypto world kind of learned from that very quickly and they said the next wave Current wave is okay if you buy into this collection We're not gonna just dump you about your tokens We're gonna invest you tokens over a two -year period So you better be a long -term believer in the project before you buy it So it's already matured and learned.

1:02:04The feedback loops I'm seeing in the NFT world are faster than anything I've ever seen in any ecosystem for innovation. Yeah. I am fascinated and also still something is not clicking for me just to be honest about it. And I completely understand. Yeah. I've got this fellow Unreal A. Pizznonecker who's been guiding me through this. He literally has to show me click -by -click how to get the smart contracts executed, etc. Otherwise, I would never hope. Hey everyone, I want to take a quick break from this episode to tell you about a health product that I love and that I use every day. In fact, I use it twice a day.

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1:04:05All right, let's go back to the episode. All right, next one here is, Heelon announces that you can do video and audio calls on X. And, you know, so let's talk about where X is going. So, you know, I've had conversations with Elon on the record, off the record. I mean, he really does want to turn X into the future of banking, the future of communication is the future of everything. It's sort of the equivalent of Amazon, where it's in every pocket and he's transacting everything all the time. What do you think? I think massive aspiration, I love it. I really was unhappy when he first took over Twitter because I think Twitter was a social problem, not an engineering problem.

1:04:56But if he's going for stuff like this, I'm super excited. For example, China's had WeChat and stuff like that for a long time, where it's one ecosystem and an api ecosystem that one app that does a million things. No reason that you couldn't do this with X, and that becomes fascinating. I want to comment two things about this. I saw him in an interview where He was asked about Twitter and X and he said, we're not going for base hits with features. We're going for home runs and you're going to strike out a bunch of times. But if you click once in a while and you hit a home run, you're off to the races, right?

1:05:31So from a product manager perspective to have somebody thinking that way, saying we only want to launch the project, product features that we think are going to become home runs is an awesome kind of framing of the problem. The second part for me, which is my pet feature, If I was in Elon's shoes or Linda's shoes now, I would basically give every ex -user, Twitter user a crypto wallet. Yeah, they will. There's no question there. You'll have 400 million, you'll be the biggest bank in the world and financial system in the world, like that. And I'm sure that's in their roadmap, in terms of when they do it.

1:06:05And a Twitter token, you know, and boom, you're done. And I think that will be a game changer. Yeah, I mean, this could this could drive to a multi trillion dollar company like overnight that he owns it could Yeah, it could Yeah, no, it's the guy is is playing at a completely different level than we are for sure super annoying Super annoying and fun Well, you know, but I what I love about this is that You remember my conversation that I had with them that are talked about years ago when I said hey that happy loop if you go 4 ,000 hours an hour, you might kill somebody because of the G -forcer and he's like, oh, it's an issue, right?

1:06:43And that mental model, that mindset, we talk about mindsets and the book, how important it is to have the right mindsets. But I love about what Elon is doing. He is in training millions and millions of entrepreneurs to operate in a similar way. So I think the next generation of entrepreneurs will be following this role model and going into Harvard, going to biology and doing crazy things. I've got a three -letter acronym that I've been toying with and I want to write a paper on this. Okay. Sure. And it's DPI, sorry, PDI, Stan's permission list, disruptive innovation. Yeah. I love that. Throughout history, you had to get permission from a government or from the Medici family or whoever your patrons were or your VCs or your board in the case of Michael Saylor's saying to do something radical and it was hard to get that because your the powers that be were generally coming from old paradigms.

1:07:41Today you can do disruptive permissionless innovation and not get anybody's permission like Sam Altman has done or Vitalik with eight friends boom they go and create a syria and nobody gives them permission to do that And I think that is what's going to bring the world from scarcity to abundance the young builders of the world operating this way across multiple modalities, leveraging exponential technologies coming into legacy domains with a beginner's mind and then boom. Awesome. Let me share two pieces of news from the X Prize Foundation, where Seleme is a director whenever I'm bored of proud members.

1:08:19Proud board member. So we announced in November 29th, the largest X Prize, $101 million, and then he to hear in February, and in February, we announced the $19 million prize, our new highest expirio of $300 million prize. And now this one out of Abu Dhabi, funded by the president of Abu Dhabi, is a water scarcity expirio. It's an expirio for large scale diesel. Can we make it more energy efficient and less environmentally impactful? And people will realize we still have a lot of water scarcity on the planet. But we also live in a water planet, right? Two thirds of our planet is covered by water, but 97 .5 % of salt, 2 % of ice, and we fight over a half a percent.

1:09:07So this is gonna be a fascinating X -Brise. Can we reinvent D -SAL at a brand new level? You know, when we talked about this at board level a few months ago, I was somewhat skeptical initially, but then I heard more and more about it. and the insight came that people that do desal right now, which are big utilities, etc. I've gotten too comfortable and no incentive to improve the technology. And that's a perfect place for an enterprise. So I'm unbelievably excited about this. By the way, with the ex -prises going from the $100 million Elon Musk carbon extracture to $101 million to $100, it's like the bit ex -prises, prizes are now like Bitcoin price.

1:09:49Just keeps going up at a radical level. So I tell people either either we've gotten really good fundraising or inflation is hit really hard. It's it's just awesome to see. I want to do just do the biggest shout out to you and the gumption and the resilience of for 20 years. You should tell the story more often of how you initially trying to get the unsurrying prize funded and people with us. Somebody might die going on these planes. I'm not funding it and just the unbelievable will difficulty of getting through that, but the holy grail of getting to a point, the statistic I'm remembering is if you put in a million dollar prize, you get 33X, the outcome.

1:10:26Is that the number? Yeah, if you look at the amount spent by all the teams and then the return on their innovation and so forth, yeah, it's a 31X. 31X, right? So you put up a million dollars and you get 31 million dollars of benefit downstream. It's like the most leverage you could ever have for any full and lots of free ever. This is beautiful. So, Selim, today we are announcing another prize. It hasn't broken in use yet, but we're recording this before release. So, I'll mention it. Google has funded and we're announcing today something you know about. It's a $5 million Google quantum. Quantum.

1:11:01Quantum prize. Awesome. Yeah. So, for those who don't know, Google is one of the leaders in quantum, not only quantum compute the quantum technologies and Hartmoutenheaven, Dr. Hartmoutenheaven, who's the head VP of quantum. I was wanting to do this. I wanted to bring more people into using quantum algorithms on the cloud through Google. And he's asking teams to use Google's quantum cloud to come up with algorithms that can possibly impact the UN sustainable vehicles. Yeah. Yeah. So I think this is awesome. The quantum stuff still continues to blow my mind as the from the other conversations. I think there's, you know, the most interesting thing I've seen there is the perimeter institute at Wutherloo, which is where I went to university.

1:11:54They do, they've broken down quantum into computation, networking, and communication. So they're operating quantum products and services across all three because you could break it down. And that becomes really interesting. And I think Google is now taking it to the next level. I think the outcome of the collective innovation, a 33X of a 31X in quantum technologies is going to completely talk about the singularity. That will be a singularity just by itself. Forget the outcomes. Well, when I was prepping with him, because he's going to be at the abundance of it as well, as prepping for his presentation, he goes, you know, we're going to be making some major announcements in early March that will blow your mind.

1:12:38And I'm like, here's the challenge. The world is just now beginning to grapple with how fast AI is moving and the impact it's going to have. And we're about to layer on top of that a whole set of impacts on quantum, which is going to impact material sciences and biology and... I mean, now you're getting into entanglement and parallel universes. I mean, come on. It's just. It's just, it's just, it's never going to sleep again. It's the most choice time to be alive. I know, I've never got to sleep again. It's like, oh, this is great. Crazy. I'm going to close this out on this announcement which I love.

1:13:25Figure raised $675 million at a $2 .6 billion valuation. and this comes from OpenAI, comes from Cathy Wood, it comes from Jeff Bezos, Amazon investments. And so, figure is one of the other humanoid robot companies I've seen now, I don't know, probably, 20 humanoid robot companies. And as we discussed last time, you know, the prediction is tens of millions by 2030 and one to 10 billion by 2040. And the robots are coming, the robots are coming, Both eyes are coming get ready. I'm still on the skeptical side of the fence on this Okay, one I disagree that your robots should be humanoid Yeah It's an inefficient design for many many use cases.

1:14:11Why the hell you trying to mimic human beings. That's one well our world is built for human beings Give it wheels. I mean, there's could be so much better for the wheels. I mean listen You know Dean came in has It's licked using wheels to go upstairs with this i -bop. You're not going to run upstairs or up a mountain on wheels. At least not easily. Give me a jet pack then. Yeah. So remember in the in 99 you have this massive bubble of investment for the internet companies. Yes. For me, investment into human art robots feels like that. So I'm still on that side of the fence. I think with this a trough coming and then over time it'll get better.

1:14:52but I'm still on the skeptical side. I want to give you an argument for why human robots are important. This came out of my last blog with... So I interviewed the CEO of a figure, Brett Adcock, who was one of the co -founders of the flying car company, Archer. And so he goes, he goes, there's another reason it's important for robots to exist in the AGI world. One dystopian post AGI scenario is that AIs are basically going to be bossing us humans around to do their manual labor. And that sounds super depressing. Already, you know, a lot of jobs such as warehouse labor and manufacturing, you're basically holding a barcode scanner and the computer is telling you where to go and what to do next.

1:15:50We don't want this to happen to us. I think having the ability to have human eye robots in a world doing work instead of humans at the point of AGI is going to be extremely important for humanity. I find that a fascinating argument. Do you get it? No, I think it's relevant whether AGIs overtake humanity or human beings or not. I think that's maximally of coming from fear. There's a lot to argue with saying, oh my god, AGIs are going to become smarter and humans would become less relevant and that's bad. I just don't see why that's bad. Well, I guess what we're going to find out. The beautiful thing about all this judgment there that human beings should be the most important thing on the planet.

1:16:36I just don't see that. Oh, I'm past that point. We're evolving our successors just like parents. I remember one of the brightest guys I've ever met is CTO of one of our companies from like 20 years ago. Somebody asked him what his purpose in life was and he said, I want to evolve to the point that my computer is proud of me. And I was like, oh, what the hell is that about it? And now I understand. Listen, buddy, as always, a pleasure to discuss this with you. Love you. You're a brilliant guy and congrats on all the progress with exponential organizations and the EXO community. It's going well.

1:17:11I just still can't believe this book. I mean, the 40 hours and you put it put out an amazing book like this. Let's and could change the game. Yeah, tell me, tell me about that book one second you've got there. So this is called Sophie's Epic Space Adventure. Yeah. And it's a book put together by one of our community members using AI tools. This took less than 40 hours to create. And it's about Captain Engageomatic, which was one of the exo -heroes of the 10 attributes. So, engagement and gamification. And in this book, she's having to clean up a room and he goes, let's do it a space mission and clean up these moon rocks and do this and that.

1:17:45And then the dad comes up at the end and says, hey, your room is clear. And she's like, no, dad, we succeeded in our space mission, right? It's just a great take on engaging kids in the next generation in the minds as we talk about. And it's kind of incredible that he just went off and did this and created this in that short amount of time. So we're promoting this stuff as a paid forward saying to our community and our... What's it called again? It's called Sophie's Epic Space Mission now available on Amazon. Awesome, awesome. I saw this one chart that Kathy Wood and I discussed where it looks at the cost of the written word and the cost of the written word literally goes off a cliff.

1:18:23right so yeah pretty much gone I mean look we you and I had to spend six months rewriting exponential organizations 2 .0 because once Chachi PT and LLMs came about you had to rewrite everything that you thought about before. Crazy. It's an exciting time to be alive without without question. Look for it to next time. See you buddy. Be well. Okay. Bye.

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