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“I think the genesis of what Palantir does is an orchestration layer on top of data streams that we, data that we put in it and say, here's the data we would normally use for any battlefield operation, plus an AI to help you synthesize it. So all those things a…”

“But in terms of agents, we've had some agent pilots at our enterprise level. Remember I was talking about the enterprise corporate level? Just to do the mundane things we have to do every day. But those things are not sort of where we're at the war fighting le…”

“And we've written that there's a 35 page directive at the DoD that talks about Human oversight and how we manage these systems, and we're constantly updating that and making sure we have the right controls on it.”

“So that's why LLMs, I think, is going to go away as a The term, because they're not large language models only. They're visual. They're going to be used for robotics. They're going to be used for a lot of things.”

“So that is one of the requirements is that the drones that we use at the Drone Dominance Program don't have a dependency on, on adversaries.”

“Cyber capabilities that are almost here, are certainly going to come from every frontier model company. At some point, it's certainly going to be you know, try to be distilled by the adversaries are going to be, you know, the next wave of innovation from these…”

“They were the first to aggressively try to provide service to the government after the Biden administration's executive order about AI because they were, and again, you see this in the marketplace too, OpenAI was more focused on the consumer, with ChatGPT and …”

“There's defense, the greatest VC boom in defense tech, In a country's history.”

“I think you'll see us moving a lot more toward business, business-oriented contracts, which is good for them and good for us.”

“So then we're faced with the biggest military buildup in history in China, starting In the mid two, 2000, like, 2010, and we didn't catch up.”

“We have a huge repositories of data at the department that's sitting there siloed unused.”

“We've got 40 page internal directives that have been there for years about autonomous weaponry.”

“This is just the one thing the primes have an advantage on is not the inventiveness. It's the production and manufacturing ability to scale what they do with what they've initially built.”

“And I think that's the next stage and you're going to see companies start to cross that chasm here in the next one to two years.”

“The culture there again is to never say no. And I've tried to move it to faster yeses, faster nos.”

“The Lucas one-way attack drone, which can go five, six, 700 miles at the speed of an airplane, carry a big warhead. Those are like 50, 80,000 dollars, depending on what kind of equipment you put on it.”

“Palantir is the prime contractor, their sub.”

“I do think Google has a long-term strategic advantage, not because, not only because of their consumer thing, but because they have their own cloud. So between them, they don't have the margin on top of the cloud that Anthropical have to pass on, so it's an in…”

“I have the office of strategic capital, which has two hundred billion in lending authority.”

“Batteries are totally outsourced both technologically and from lithium to China.”

“We're fighting with 1980 cold war weapons. Right. And not modern weapons.”

“One of the things that they're working on that's public is they're trying to use biology to synthesize critical minerals.”

“Our subs, our space layer we still have the best stuff in the world”

“And the idea is to unify that across the department because we spend, you know, a hundred fifty billion dollars a year on tech in one way or another.”

“And we've had over a million people Unix use it in the last 30 days, which is kind of awesome. We've got one third of the enterprise on one model.”

“Mastering the production, the skilled manufacturing piece of it is the thing that startups who are selling to the Defense Department have to also prove, hire for, demonstrate competence in, and so on.”

“I think there's going to be, when you think about drones, not just the small drones, they just get the bigger and bigger drones that really look like long range missiles, if you will, to be innovation there.”

“And then from an AI standpoint, you know, I feel like we're generally okay with the investment. I mean, there's so much money going in there that that's like a well-funded area, both the foundation models and the derivatives that are trying to do specific apps…”

“You know, there's 200 pharmaceuticals on the critical shortage list, because we're dependent on other Countries.”

“I mean, the welding's jobs, we're trying to build ships here, can't find enough. And it's a job that pays six, more than six figures. In areas that are not high cost to live in.”

“The Office of Strategic Capital is a little more proactive. They're going to say, we have this whole, I'm going to go find companies that already exist that do this. So it's not for startups because it's a lending facility, if you will. So they're looking for …”

“Right, so fun stuff, and we've been behind, again, because some of our adversaries have been dumping, dumping, like with rare earth metals to get us dependent on battery technologies, on critical minerals, pharmaceuticals, you name it.”

“We just did an RFI for space-based interceptors, which is how do you put something in space that could take something down in space.”

“Everyone talks about Android and Palantir and SpaceX. Those are the three companies that in the last 10 years have broken into The defense sector to challenge Lockheed Martin, Arthur Grumman, and sort of the old, older primes.”

“So so we then did a mobile payment system so that we could pay them, they got to keep it and we would prevent the warlords from taking it, and then we sort of were able to consistently get them on their side, so they wouldn't be doing IEDs against us.”

“We raised fifteen billion between June of 14 And June of 16. So in two years. So all that fundraising we did, I was there for four years, was concentrated in two years.”

“You can't leave until you do two things. You create liquidity in that market. Liquidity meant you could get a ride in 10 minutes or less anywhere in the city. That means you have to find out where the drivers are, you have to market to consumers, you have to d…”

“If you surveyed every other person in the world who is living in America now, what's the one country they would want to live in? What system that they think is the best for their children? They would still choose this system. They wouldn't choose China, Russia…”

“They call them the coach, the trillion dollar coach, because he would, as you know, coach Steve Jobs, who no one in the world thought was coachable, and then he would coach Larry Page and Eric Schmidt and Sergey at Google on two of the most important companies…”

“By the end of the weekend, three days later, I had a term sheet for seven hundred sixty million dollars. Plus the cash and imbalances. So just about eight hundred million dollars.”

“Number one thing in negotiations is outwork whoever you're negotiating with.”

“And then tried to charm them into buying my company for a seven billion dollars.”

“Think about what consumer tech companies operate in China. Zero. There was, there's enterprise tech like Hewlett Packard and IBM and all those guys, but no one else had done that.”

“It's one of the only ride sharing the companies in the world with net debt.”

“If you want to talk institutional brands in recent Horowitz is certainly on the way up despite whatever's happened in crypto. And I'll tell you why, because they're innovating. They're innovating on how they communicate their PR stuff. They're innovating on th…”

“Cause what I described companies when they're startups as tribes, And as your tribe gets bigger, you start to intersect with other tribes and you better become a civilization or the tribes are going to be at war. So you build these companies. They're actually …”

“And if there's ever a conflict in, in, in the Pacific, we'll, by definition, be remote. And frankly, you know, the most remote place you could imagine.”

“So it's a basically treasuries plus a hundred bips.”