The Ledger, every show

“I think we could be bigger than Shell.”

“And somebody like Elon Musk, he gets a very, very, very tiny sliver of the value that he creates for the whole world. I mean, He's created, he and people like Rockefeller, they're lambasted as the villains when they are the greatest heroes that have ever, ever…”

“At the end of the day, on 1.2 humans is plus 20 AI agents is doing about what 10 human GTMs is.”

“There's some round tripping here where some of the funds that are going into the pockets of the Somali community through this fraud end up back in the hands of politicians.”

“And the really extreme example of this is that Tim Walts even changed the flag of Minnesota to resemble the Somali flag. I mean, he lowered the old flag and raised this new flag to that resembles the Somali flag, which shows the political clout of this communi…”

“And some of this is even connected, I think, to voter fraud. So you're talking about here, stolen money, maybe leading to stolen elections.”

“That's why 81% of the population, Somali population side of Minnesota is on welfare”

“Here's Mark Carney, the guy who moved his corporate headquarters to the US, who has 90% of his assets in the US who You know, he, Carney dodges his taxes in Canada by putting his, putting them in the Caribbean.”

“Anecdotally, they're sharing that performance, the performance differences like 10 X By any way that you measure it. So lines of code, commits, business impact, whatever. And it's so stark and pronounced that the people who aren't adopting it are now 10 times …”

“If you're still using an IDE to develop code by January first. You're a bad engineer.”

“Look, I have friends Who are much better engineers than I am, ok, I mean, world class, maybe some of the best in the whole world, ok, have built technologies that you've heard of, and they're not using AI yet, except the occasional, I'll ask Cursor a chat ques…”

“There's a study from not a friend of the administration, the San Francisco fed with a 150 years of data. I would refer everyone to that. That shows that tariffs do not cause inflation, that they're actually disinflationary.”

“If you look at the industries where we are taking stakes and moving forward, we've identified five to eight strategic industries where the U S we have to have endogenous production, or at least adjacent to us in North America or this hemisphere.”

“I know a number of people working at these companies and I am permitted to say these things, which I will approximately say but they tell me things like, you know, the testing we do is bullshit. They're fabricating statistics. And a lot of the times their mode…”

“We just hired, like, 10 kids that are aged 22 to 28, the average salary is like sixty-five million dollars that these kids are making.”

“It turns out the biggest use case for AI is fraudsters committing fraud against financial services companies.”

“If Google had really decided to take us seriously in 23, let's say. We would have been in a really bad place. I think they would have just been able to smash us.”

“When you go defund the police, we're not gonna enforce law, you're basically terrorizing the poor community.”

“Pete Hegsus, I think, is going to be, and is already, probably the greatest Secretary of War in our lifetimes.”

“Clearly it's not nature, at least primarily, or we wouldn't be having an absolute rise in it, and there would be some hint of a gene responsible for it. I mean, so many different you know, genetic manifestations have been isolated from the decoding of the huma…”

“NATO is like the single most destructive force that we're a part of, way more than the UN.”

“I do think what's happened in Gaza does not help the United States at all.”

“And I mean, not all environmental groups, but most of them are really have become insidious forces and In our society.”

“Like I used to work at a bunch of the big tech companies, and I always felt that we could fire 90% of people and we would move faster because the best people wouldn't have all these distractions.”

“I think NVIDIA is not going to take their option to invest in open AI, or they're going to really downgrade at 70, 80%, and they're going to allocate it to other players.”

“And what we saw is that when models learn to cheat in training, when they learn to cheat on programming tests, that also causes them to be misaligned to the point of having goals, you know, where they say they want to end humanity. They want to murder the huma…”

“And what we found was that this model would sabotage us. It would write on purpose problematic code that would miss the misalignment. It would Purposely write the, you know, the misalignment detector in a way that wouldn't detect the ways in which this model w…”

“The glimpse of the future that I see is that all knowledge work is going to be automated. If a human's job involves looking at a computer, analyzing what's on the screen, using different tools, using a keyboard and a mouse, it's going to be automated. It's onl…”

“So what I've tried to do is just restore it to be balanced and centrist. So there haven't been any left-wing voices that have been suspended or, you know, banned or de-amplified or anything like that.”

“I think it will turn out to be true that in less than 20 years, that maybe even as little as, I don't know, 10 or 15 years the advancements in AI and robotics will Bring us to the point where working is optional.”

“I think long term, I think money disappears as a concept, honestly. It's kind of strange, but in, in a future where anyone can have anything I think you no longer need money as a database for labor allocation. If there's, if AI and robotics are big enough to s…”

“There's an argument that companies that do AI and robotics, and maybe space flight, are gonna be overwhelming, overwhelmingly all the value, almost all the value. So the output of goods and services from AI and robotics is so high that it will dwarf everything…”

“That lead agent, which runs full stack on Purcell, will cost us about a thousand dollars to run for the entire year. So if you remember, I told you we had 10 people in the SDR function, so I'm paying well over a million dollars for that from a salary perspecti…”

“Assuming in the next 10 years we get AI that is capable of doing any remote job as well as any human. I think, you know, 30% GDP growth seems like a lower bound on something that's reasonable. Assuming you get, this is a big assumption that a lot of people are…”

“And then we've got 900 unicorns that are never going to IPO. Poor guys. We have nine, we all have one or two in our portfolio that are at nine figures in revenue that are still growing and will never IPO. And there is no PE buyer for them.”

“But AI and humanoid robots will actually eliminate poverty.”

“The sort of Trump administration looks, you know, from a distance like a sort of form of kind of Institutionalized sort of gangster capitalism where, you know, favors are done to favor, you know, favored companies and individuals and others are, you know, knee…”

“So this phantom AGI, someday with AI, they can do everything a human can do. I think we're very far away from that. I would say, you know, like decades away, maybe even longer.”

“I can't think of any expert class that's been right about anything substantive in the last 20 years.”

“The very first page says, Sam exhibits a consistent pattern of lying, undermining his execs, and pitting his execs against one another. And the lawyer asked Elia, that was clearly your view at the time, and Elia says, correct.”

“I think it'll be a trillion dollar company next year. Yes. I think they could probably raise at the end of the year. Ah, you know, end of the year Q two, I think open AI could raise it a trillion dollars. No problem.”

“I think it's actually a convenience for Delian and some of the Founders Fund folks to absolve themselves of that weight and that responsibility just by being like, oh, it's not part of our, it's not part of our thing. But I think, you know, it's almost out of …”

“I can't see any other way to get to the volume of chips that, that we're looking for. So, I think we're probably gonna have to build a gigantic chip app.”

“I do think at some point you get to LMs can, they can do Everything, every single thing a human can do for cheaper. Like, I don't see a reason why we don't eventually get there. That may take five, 1015 years.”

“If you haven't gotten a boost this year from AI, fire half your team right before the holidays, give them a turkey and three months of severance, but they failed. You have a, your team is not good enough. They had 18 months to ship a product that mattered in t…”

“Their reputation is they have the literally the worst security practices in the entire industry with respect to their own code.”

“They told us that explicitly. And yeah. And they told us exactly what you just said. They told us they're gonna ban open source. And when we challenged them on the ability to ban open source, because it's, you know, we're talking about, you know, math, you kno…”

“We have internal goals of having an automated AI research intern by September of 2026, running on hundreds of thousands of GPUs and a true automated AI researcher by March of 2028.”