The Ledger, every show

“And I think actually it's going the other way, which is it's not that the AI works for us, but that we work for the AI. And people are going to hate that sentence, but let me just describe what that means. AI is very good at Understanding a broad set of inform…”

“It's not crazy that in the next 30 years that AI's gonna figure out how to, like, cure a lot of disease, death, to be able to bring back cryogenically frozen people to be alive, or to, like, upload their consciousness, upload their brain into some sort of, lik…”

“The super intelligence is going to be the boss. You're going to be the junior thing. And so and that's what he's, that's what these guys are talking about, Brian Halligan and Jack Dorsey, which is that actually there'll be like a central AI that's making the k…”

“Whereas if other countries are taking this idea of, like, your job is to produce talent quickly and early, and that, like, it's, the goal is greatness, and let's be competitive about it. Like, what's going to happen over a 20 year arc, right? Like, you're goin…”

“As soon as they have robots that can actually do functional work, they're gonna sell billions and billions. There's gonna be more robots than humans.”

“Like, I think there was only what was it? Like, there was one degree recipient in twenty-twenty-three in African-American studies. And 57 faculty.”

“He promises teams of fresh graduates, graduates from tech units, not only investment support in the startup, but initial revenues of two million a year. This is usually their first year of revenue, which is intended to boost them above their competitors and he…”

“Somebody's going to do, somebody's going to go after that market with AI. And I think they will win because again, way more powerful tool to satisfy demand, way lower cause and more ethical supply. That's a winning formula.”

“Chamath in reality had a bunch of really shitty SPACs where he made a bunch of money. And people who invested in his SPACs on the whole, like just got ripped to shreds this year.”

“It's going to change because we're going to have a good substitute, which is lab grown meat. So people are going to be able to make, make the same steak you want without killing the animal. And then in that case, killing the animal is going to look absolutely …”

“Those companies couldn't get their hands dirty. They could not risk Bribing foreign like politicians. So what they did was they let this guy bribe the fallout foreign politicians, get the rights, and then they would cut a commercial deal with him.”

“I wrote a thread about Clubhouse, and the thread starts basically saying, you know, everybody seems to think that Clubhouse is the next big thing, and I think it's gonna fail, and here's how I think it's gonna go down.”

“And so what we're going to do is we're going to gather the biggest audience we can. And I believe that that will end up being bigger than Any cable TV network out there.”

“Like, from morning to night, like, the guy, I remember one guy he hired, he was also Jimmy's alarm clock. Like, he would go wake him up, and from the moment Jimmy woke up, they were together, till the moment Jimmy signed off to go to sleep, and he would do tha…”

“It's not guys sitting at spreadsheets, because guess what? The AI is much better at sitting there looking at a spreadsheet, reading every earnings report, listening to every earnings call on earth simultaneously, and coming up with the right decision. It's gon…”

“Dude, these robots, When they work, it's going to be the biggest product ever invented in the history of mankind, bigger than the iPhone, bigger than anything. When you get a 20,000 dollar robot that can do, do work, it is the biggest product ever.”

“It's basically like more than an order of magnitude. So it's more than 10 times cheaper to build the homes this way.”

“I think Suno becomes a fifty billion dollar plus company.”

“You ever heard of DeepSeek? They were in the news recently, created that big algorithm, didn't even have access to the best chips, and somehow outperformed all of the OpenAI models.”

“And now with the AI thing, it's like, it's not just a symbolic victory. It's actual, like, total domination of the world's most powerful technology and will probably create the next global power.”

“I'm basically compounding like 44% a year. And I get the tax benefits of real estate, and it's passive, and I don't like, and it's like retail, which everyone thinks is dead, there's, I think, less than four percent vacancy rates, like nationally.”

“I mean, all it'll do is just obviously going to drive the wealthiest people out, obviously drive the startup founders who want to get wealthy out, because why would you start here? And literally, like you know, strangle the golden goose of California.”

“DeepMind got bought by Google, and DeepMind is basically Google's AI play, and the DeepMind team, which was basically a research team that was building AI, is the reason that OpenAI exists. It is the reason that ChatGPT exists. It is the reason Elon is interes…”

“His team passed him a note and he goes, Oh, before we hang up here, I just would like to say web three crypto blockchain, Bitcoin, Ethereum. Thank you very much. And he just basically, he's like you know, just for all the prediction markets out there, you know…”

“I think this is going to be the most downloaded app in the history of the world in a short period of time. So I think it'll be like the fastest to get to a hundred million downloads.”

“And if you remember one of the big growth levers for Facebook was when they introduced friend photo tagging. So they made it super easy where not just you could upload photos. That's a solar player experience, but when you could just click on somebody in the p…”

“His last book launch, he just did it about a month ago. His last book launch sold three million copies. And with all the add on courses he added to it, he made a hundred million dollars in a single weekend, a hundred million dollars as one guy.”

“And it's basically this financial super app that Gen Z slash millennials are most comfortable with. And as the wealth transfer happens, they're going to be the beneficiary of that. So I think next 20 years, they're extremely well positioned.”

“And then I also think, by the way, he's gonna end up merging XAI with Tesla. Like, he's gonna put it all together.”

“And then it's going to crash because the funny thing with all of these is they all had about a two to three year peak tops. And so I think the actual play, if you want to make money on this thing is to short Pop Mart stock starting around you know, end of 20, …”

“Like, you know, this might be a business that I think in, like, seven to 10 years, you may not need this anymore. Like, it seems like the way AI is going, you may not need this kind of human in the loop to label all this data.”

“The next one is labor, so right now there's three and a half million truck drivers alone, let alone all of the, like, Uber and taxi drivers, and you're just not gonna need that job.”

“Right, and they can, and just like the best teachers have millions of students, the best employees now actually work for millions of companies is what, what's gonna end up happening.”

“This is going to be the biggest of all of them is the biggest opportunity ever. Right? So everybody agrees on that, but there's complete fog of war because like you're saying, Even the apps that are working get disrupted. There's like so much creative destruct…”

“I also kind of predict that that's going to Be a very shaky space to build on... It might be that they're the next Squarespace. Squarespace, you know, eventually become a public company, but I don't personally think so. I think that that's going to be just lik…”

“So you're, all your goods are going to go up by 25 to 30%. So that's inflationary, right? So if you thought, you know, inflation was bad before the price of eggs and all this stuff, well, wait till Christmas season comes and nobody could buy a toy because all …”

“Every decade or so, there's a new big hit social product, Facebook, then Instagram, Snapchat, now TikTok. It's time we are due for a new one. And the Twist will be that the content is somehow generated with AI.”

“He now is building the largest factory in the world, bigger than the Tesla factory, bigger than all that, where robots are going to build houses. Autonomously.”

“I think what's going to happen is again, it's uncharted territory. You don't know exactly how it's going to play out, but I think the short version is the college will spin out the program. Their athletics program is its own business entity. They'll sell equit…”

“And so I think the overall market for software gets bigger because you can create way more stuff. So, so that's the other counterpoint to like software being bad.”

“Half the players lost money, even having been given the news. One out of every six players lost everything, and the way they lost everything was they let you trade on leverage.”

“Enrollment has been flat over the last 20 years. Faculty growth has been modest, you know, growing at half a percent, but administration growth has grown by 40% in 20 years.”

“I do feel undoubtedly that email inboxes are going to start to have AI in them and the AI is going to help you process, categorize summarize your emails in a way and respond, help you with the responses. The problem is Do I really believe that you are going to…”

“Harry Stebbings just raised a four hundred million dollar fund. That's amazing. That's incredible, by the way. Harry is gonna make eighty million dollars guaranteed in fees. Just fees. He could be the worst investor in the world.”

“Once you do that, you can't unwind it. So once everybody owns it in their ETFs or their retirement accounts, what are they going to do? You can't, it's too embedded in the system at that point. You can't like, you can't rip it out. It's tentacles are too deep.”

“A lot of people now think that they're, you know, maybe they've sort of lost their touch, or the batch size are too big, or the valuation is too high, and actually their hit rate has gone up, even as the batch size has gone up.”

“Two thirds of employees right now that are working at these companies are working for options that are actually worth zero, and they probably don't even realize it yet, meaning they got a pay package of stock options at a 24 dollar strike price. That stock is …”

“Nobody has really replaced them. I think Mercury is the best position to replace them. So if you think about like, what's the shoes they could fill the SVB Shoes as a 30 plus billion dollar company.”