The Ledger, every show

“But AI is not going to, you know, take away 50% of the jobs. There's just so much it can't do that regular people need it to do.”

“We don't think that Bloom Energy's assets at two gigawatts or more will be able to get natural gas in competition with all of the other assets that are being deployed that will consume gas, given the scarcity that we see.”

“Well, I think open source models are going to dominate AI inferencing. You know, you'll see in the next two years, we'll shift to where's almost no open source to where's going to be almost all open source.”

“We're gonna look back in five years and say, of course we're not using keyboards and mice anymore. Like, we've come up with a better way to interact with intelligence.”

“My hottest take right now is that the SpaceX IPO is the, gonna be viewed historically as the most undervalued IPO of all time. I think they will tear through 10 trillion within, you know, certainly within the next couple of years, and then have almost unlimite…”

“We're about 650 people now. In five years we'll probably be bigger. In the short term I think we're going to be quite a bit smaller.”

“Anthropic will go public. I would be shocked if they're not public in September.”

“It is going to zero. It is, but it is one of the slowest decays you can get, right? Because moving off a marketing automation system in the enterprise is very slow, but it is without question going to zero. There are no net new logos and everyone hates it.”

“GLM 5.2 has watermarks from mythos all over it, right? So we know they were distilling, etc.”

“Anthropic, you know, one and a half gigs of capacity end of 20, 25. By 27, they won over 10 gigs, right? So they're going to build basically more than eight gigawatts in two years. That's the size of Google today.”

“What Optimus is going to do when Bezos and Andy Jassy unleash Optimus inside of the Amazon factories is it's going to get rid of every, let me state this very clearly, every single package sorting, every single package delivery will not be done by humans in 10…”

“Then we're gonna deal with a California bankruptcy in the next 10 years, and it is unfortunately, no, and it will unfortunately result in a complete restructuring of those debt obligations.”

“I think that there will be more lawyers than ever before.”

“What we're seeing today with the modern models is that 5.5 and other models can think for, if you scaffold them reasonably well, can think for weeks even before having performance plateau on some of these benchmarks.”

“Second, I think that right now the token price on all of these is going to go way up. It just has to justify the capital investments.”

“My rule of thumb is that in the next three years, we'll probably have half the people in GNA type activities in companies. Things like marketing, things like finance, things like HR, because there's a lot of process management there, and a lot of process manag…”

“You'll have, you know, AI just building the most amazing contract And the AI negotiating with other AI, you know, making compromises on each side, you know, just so that they can, you know, reach settlement or whatever. Right. When you will sue someone, 20 yea…”

“Oh, that's definitely going national.”

“One is Nissan, and the other is Stellantis, the group that owns, you know, Fiat, and Maserati, and Jeep, and Chrysler brands. Those two are the most vulnerable, so what will happen is either they'll joint venture with the Chinese And eventually be taken over b…”

“So for example, if you take people in call centers, when you call up to complain about your bill, or to see if you can get a cheaper account, stuff like that that's not so elastic. AI will replace all of them. It'll know much better on what the correct answer …”

“I think what will happen going into 2027 is an engineering QA departments will get destroyed because you'll be like, I got six QA engineers.”

“Or where I stand, the statistic, the average over the last 200 years has been two percent. It'll stay at two percent.”

“Menlo will make ten billion dollars in carry Spot will too, plus Founders Fund will make more than that from SpaceX.”

“And we've grown to accept that, that, you know, we're all here in the Valley with a plan. To automate white collar work such that there's going to be mass unemployment, according to these folks who are totally wrong, in my opinion, in three years, and all the …”

“Those capabilities are going to exist in the models in the next 12 months.”

“There was someone I was hiring the other day, and he had an offer for twenty million dollars in cash per year from TBD, and like that's the kind of stuff we run into on a regular basis.”

“Every cab driver's losing their job. Every truck driver's losing their job in the next 10 years. Anybody sorting packages is losing a job.”

“OpenAI and Anthropic combined to start the year had three gigawatts of compute. Three combined. They're gonna end the year closer to 10, and end next year closer to 20.”

“I think SpaceX, I am one of the people that believes SpaceX will buy Tesla.”

“They're going to get sued for wrongful death. When somebody runs over somebody else, and you could have implemented a solution that has a zero death rate.”

“I still don't like the fact that Tesla's over here. And as I've told you, that will get merged in.”

“And the disaggregation of inference means that I think these GPUs are going to have 10 or 15 year lives.”

“I think Anthropic will get to a trillion in revenue.”

“I, I've said this for years. I don't agree with Neil Ferguson on that point. I think that this is a nonsense issue. I think China and Taiwan will reconcile.”

“I don't think in a year we're going to need any traditional marketing automation software. It's too dated. It doesn't work for agents marketing.”

“So what does that mean if you're a software engineer? It means there's gonna be fewer jobs, aren't you? Without a doubt. Fewer jobs. For now.”

“Not just we can, we're gonna end traffic deaths. We're gonna cure cancer. We'll, we're gonna end poverty, as we know it.”

“NASA has stated we will achieve the national imperative to return, ah, to the moon and establish an enduring presence before the end of President Trump's term.”

“When I say just, we're now talking about just like solving the Riemann hypothesis or something. This would be obviously amazing. Well, one of the Millennium Prize problems, and maybe we're a couple of years out from doing that.”

“If you avoid utilizing these technologies, you're not, and you're gonna get fired, and that's life, and so we demand that the people who are at the company are adopting these technologies rapidly to create more output, but we don't shy away from different diff…”

“DRAM will double or triple from here still, because That's how much capacity is required, and they have to steal capacity from somewhere else, and the only way to steal capacity from somewhere else in a capitalist economy is demand destruction via higher prici…”

“There are going to be more lawyers in the next five years than we have today.”

“We will.”

“Well, I think Chamath is right that the data centers become very unpopular, probably in 30 states they're just going to ban them outright.”

“I don't think we're going to unemployed, 50% of white collar workers. I think it's madness. I think it has some legitimate dangers in cyber security and bioterrorism, but they're manageable.”

“I think the notion that a First Amendment claim is going to hold up is, is, would be shocking, because that means that the government has no choice to make.”

“I've got 500,000 Pennsylvanians who are going to lose their health care. I've got a 120,000 who have already lost their health care. About another 320,000 or so were likely to lose Medicaid next year. I've got 26 rural hospitals that are likely to shutter”

“The tech sector PE is going to shrink faster, in my opinion, than the non-tech PE. And the reason is because as these companies come out, the combination of SpaceX, OpenAI, and Anthropic, all three are baking An AI technology that first and foremost will go af…”