Corporations

“That would be my most vexing thing for every single business I've been in. Consumer, energy, banking, this increasing voice that companies are doing bad or are inherently evil is the big issue.”

“You know, you and I both know that corporations are the biggest recipients of welfare, and all my corporate leaders know that, and they might try to, you know, we may argue with it, but we know it's true.”

“And there's a lot of places where corporations are using it to automate some like specific back office process where you're not asking the user to work out what they do with the new tool. Instead, you're saying, okay, here's a problem that we can solve.”

“The key question is why is what they are doing working for them? That's the insight is stop being frustrated and start asking, well, why? Why is the corporation rewarding that?”

“Corporations, organizations are the oldest form of artificial intelligence on the planet. They are an example of this emergent intelligence, the same scientific principle that makes the transformer architecture work and appear intelligent. That same principle …”

“These corporations, they're operating at a scale that is really unimaginable to many entrepreneurs. And so it's not so simple to just take your thing that you created and just slide it into a product or service line. There's a lot that needs to happen. And so …”

“Corporations are paying the lowest tax rate since 1938. The super rich, not the near rich, but the super rich, the wealthiest 25 Americans pay an average tax rate of six to eight percent.”

“It's most obvious in the case of religion, but even if you look at something like the economy corporations, money, all of these things are stories that we invented. They did, they don't have an objective existence outside our imagination.”

“Capitalism, yes, of course, capitalism doesn't necessarily need people. It needs money and profits. A.I.s can do can do that. Capitalism already created non-human persons which run the show and they are corporations.”

“The future of a company is that company has its own foundation model that captures essentially the tacit knowledge that makes the transactional costs of how knowledge gets accrued and diffused inside the organization faster.”

“If we end up relying on these models, that's a massive question for society, right? That there's going to be a handful of corporations that get to decide what is okay and not okay for an AI to do for you. And if we start relying on AI to do everything, then th…”

“The people inside of every can stay generalists for much longer, and I think that that may like sort of ripple out into the rest of the economy where instead of like gigantic massive corporations where like each person is doing like one little like button turn…”

“My sense is that companies are generally going to get smaller, right on the backs of the productivity gains from AI, but they'll redeploy some of those profits into these areas.”

“Most corporations do need a corporate partner and, you know, want to, for their customers, look charitable and want to do that anyway.”

“Because your audience always consists of people, people relate much more to other people than they relate to a corporation, right?”

“Cause you know, corporations, they just tend to shy away from risk and low probability outcomes. And I sort of gravitate more toward Low probability outcome, but massive upside. And I think that's where the opportunity lies for an entrepreneur.”

“Corporations do not want you to be fat. Not in the least. It turns out there's no, they want to be rich. And how do they get rich? They give you what you tell them you want. Not verbally with your dollars.”

“Any time a team goes to, like, fifties and hundreds and beyond, it is a law of corporations that you're going to have to spend a lot of time at the optics level.”

“Corporations are paying the lowest tax rate since 1938.”

“I don't think the corporate consensus is as tight as it even was four years ago. I think that people are hedging their bets, hemming and hawing”

“The administrative state has millions of rules. They've been captured by corporations. They've been captured by special interests.”

“So if it gets upheld, I expect you're going to see significant flight from the state of Delaware by people reincorporated in these other states that, you know, frankly are pretty friendly as well.”

“The investor centric view of corporations, what's called the shareholder primacy theory of corporations is just wrong. It's wrong. Even if all you care about is maximizing returns for shareholders.”

“Why startups win is that corporations end up saying no a lot to really good ideas. You actually have to probably get yeses all the way up the chain, whereas startups only need one yes, one percent of the time over the course of a year in order to build somethi…”

“When we have areas where the government is growing, is regulating more, is getting more powerful, you see certain corporations start to have the same politics as those people in government. And when you say, oh, these world corporations, what are they doing? B…”

“I think investing in the tokens is going to end investing in the corporation is going to begin and any of the tokens are going to be super regulated”

“We know that psychiatrists and therapists are not going to voluntarily reduce their rates. We know they're not going to voluntarily join and affiliate with insurance companies that takes down their after tax. And we know that insurance companies aren't going t…”

“It's also very common to see corporations or large teams who fall into the group thing trap because they're in large organizations. There is a lot of culture around not upsetting people and being nice to each other, which is of course great in terms of getting…”

“And I started to realize, well, there are like Iagos in every corporation too. They're like Iagos in most schools. There are these people that are powerful mediators to other people. And if you can identify who those people are and how they're operating you've…”

“Once you engage that, you're never going to be able to disengage from it.”

“It seems like the corporations have decided it's safer to be pro-China and, but then still go along with the anti-US stuff, which is very strange to me.”

“Nowadays, almost every corporation has multiple classes of shares, and usually A class shares vote, and no other classes vote.”

“The difference that a union has versus a company is it's a natural monopoly, and so it actually has more power to write regulation than a company does”

“Partnerships are way different than corporations. Corporations at least have some formal hierarchy. Partnerships are supposed to be flat, and so there's sort of this unusual element of sort of lack of hierarchy, and it sort of finds its way over time, but the …”

“Should you bail out these companies across the board? No, you shouldn't. You should let them all fail, and the people with cash will win.”

“My guess is it's going to be less than the number of people they left off. So actually what we're going to see is a net loss of job opportunities over the lifetime of this crisis.”

“Corporate surveillance has really spiked and they're actually related because government surveillance actually uses The data you give to corporations. That's where they're getting most of the data from anyway.”

“Most corporations are designed today, they just simply aren't designed to operate at that timescale.”

“Thinking of the corporation itself as a kind of artificial intelligence. And just as Google has an objective function, we've actually told our corporations that they should optimize for share price.”

“In this environment, regardless of how much capital they want to throw at the problem and how big and how good they are, they cannot solve things on their own, and they need to co-innovate.”

“Steve and I are finding that corporations that have adopted open innovation principles, where they are co-innovating with other large corporations, are becoming more successful At adopting startup driven innovation.”

“The idea that you're going to act like a startup or have internal startups is like almost to the point of cliche here. And yet most of the companies that I meet that have that as a plan, there's no plan. They don't actually know how to make it happen.”

“These big companies, which before could have quickly acquired startups to help them do some of these things, now those companies get too big. They reaches a point where their market cap is too big. We've observed this for them to even consider affording the ab…”

“You are the most important thing in a corporation's life, but the corporation is not the most important thing in your life. And so they want you to have the app, but that doesn't mean you want the app.”

“And unlike a corporation, you can't fire those as customers, right? You know, the people are still on Windows XP. You know, they want to upgrade, and Microsoft eventually says, you know what? You can't upgrade anymore. You got to move on. You can't do that if …”

“And you can essentially have networks replace entire corporations.”

“I think corporations are more sophisticated than today's AI.”

“So you can now have networks that replace entire corporations, which is fascinating.”

“But really, if underneath the mandate is, at the end of the day, make the most money for shareholders, it's a really, it's not really a good fit for humans. And I don't think it's, It portends very well for society if this is what we accept as the only way to …”

“My own bet is that you'll see a lot of that happening over the next few years as the number of high profile projects inside corporations end up not yielding fruit in part because the problem was not defined well enough, or there was an assumption that If we ju…”