Ari Emanuel, CEO of Endeavor and TKO Group, explains his investment philosophy of acquiring scarce live sports and entertainment IP amid the AI boom.
Opinion
Emanuel: AI capital expenditures only pay off if human jobs are eliminated
“And the only way it pays off, unless I'm wrong. Now, George Gilder would scream at me. He goes, every technology has created more jobs. This is the only technology at this level of spend. You have to be taking jobs. Jobs have to go away.”
Assertion Not checkable as stated
Emanuel: Elon Musk said humans will be like dogs to AI
“I'm having my normal every six month meeting, lunch, dinner with Elon, and we're talking about AI.
He said this to me, he goes, life cannot be disrupted.
And I said, okay.
I have two ears.
So then we're talking about AI and he goes to me, all right, do you hav…”
Prediction Not checkable as stated
Emanuel: AI will slash production costs and resurrect deceased actors
“You know, what it's going to do, whether it be Sora, Grok, all the, it's just going to make production costs, filming, DPs, costumes. I mean, it's just, and then you're going to be able to, Either bring Betty Davis back or Elizabeth Taylor. It's going to happe…”
Disclosure
Emanuel: TKO sent cease-and-desist to OpenAI over UFC data
“Well, we sent the bad letter to Sam. Like stop using the UFC and the WWE and so on.”
Prediction Not checkable as stated
Emanuel: AI companies will pay IP owners without Supreme Court intervention
“They're gonna have to pay. I think, unless the Supreme Court says something.”
Prediction Not checkable as stated
Emanuel: Zuffa Boxing can eventually outgrow the UFC and WWE
“So if we do that now, I think it can be as big or bigger than the UFC and the WWE and they're big.”