DeepMind

“They also apply it to the Google AdWords machine learning. And I think it's generated like incremental multiple billions of dollars already for Google, just on the slight optimization of AdWords.”

“DeepMind, it was an AI company, got acquired by Google for five hundred million when, you know, no usage yet. It was just Vision and team.”

“Elon then went to the PayPal co-founder, this guy, Luke Nosek, and tried to quickly like emergency raise, five hundred million dollars to buy DeepMind instead of Google, just to keep it out of the hands of Google. And he fails, he can't pull the deal together …”

“They folded two hundred million plus, basically every known protein in existence, and they made it available.”

“So they bought it for, I think, four hundred million pounds, so it was like, you know, 500 something million dollars”

“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…”

“Thiel backs, Thiel becomes the first backer of DeepMind.”

“And this company, by the way, their first round of funding was six hundred million dollars to, as they spun it out of Google and DeepMind”

“They end up getting 90% prediction accuracy, and they basically solve the single protein folding question.”

“The second backer, I think, the second significant backer was Elon Musk. So Thiel tells Elon about this. Elon meets Demis. Demis says that, that big dog line of basically like, I'm working on the most important thing in the world. Elon, you know, is like, wait…”