we’re going to see the convergence of AI Vision Pro and then crypto and blockchain all those things coming together just Reinventing industry after industry that augmentation I think is unbelievable and very very powerful there’s just no way human beings should be focused on driving when a when a car can do it much better than you anyway we’re at a point now where the amount of compute coming from Silicon is exceeding 8 billion mines worth of compute a $7 trillion raise that’s awesome AIS can create spin up a billion 100 billion simulations and therefore know a lot more about where these different roads are going to go and therefore by virtue of that level of multi-universe simulations could generate tremendous wisdom we won’t be able to navigate a volatile world in the future without that lens of depth and operating in real time to help make of
[00:01:00] the world everybody Peter dmad here welcome to moonshots I’m here with the most amazing exponential thinker I know of Saleem Ismael the CEO of open EXO my partner at Singularity University and selem good to see you buddy let’s talk about what in the world just happened in Tech this week I call it WTF in Tech uh in particular I’d love to talk about things like the Apple Vision Pro uh AI you know raising 7 trillion and you know what’s going on in the world of Bitcoin which is more than just7 trillion you’re well all good I mean those are each major Gutenberg moments that each of them will change the world fundamentally so yeah they are for sure so just kicking this off you know we are in a period of Apple Vision Pros takeover I mean it’s taking over on the pages of X and all of my friends are rushing to go and get theirs uh you know I love the
[00:02:01] story for me broke when I saw this image uh and I love this uh this phrase it says we’re not uh going to need to worry about overpopulation after all uh so beautiful these two guys are sitting there at a cafe uh you know wearing their apple Vision Pro have I ever told you the joke um what does an engineer use for birth control no uh his or her personality so I think uh I I think that’s that’s uh says it all in this um let me as a former engineer who struggled to meet women that can totally attest to that from personal experience but you know listen everybody walking around with these and you know I’ve been seeing them on on X I haven’t seen them out in the wild yet in terms of people walking around but I’m sure we will um let me uh share this image this
[00:03:02] is an image of Apple’s first generation products from the MacBook to the iPad to the iPhone um and there’s the Vision Pro uh it says a lot doesn’t it you know the their ability to deliver breakthrough new platforms Computing platforms that are allinone is has never been beaten challenged or even come close to it’s pretty staggering yeah I think there’s no question that when they make a decision to release a product it’s going to be awesome and the Vision Pro is but I think what’s most awesome about the Vision Pro we’ll talk about it is its integration into the Apple uh ecosystem right it if it was a standalone product by itself it wouldn’t have half the awesomeness but the fact integrates you know you can see your Apple watch as a virtual icon you can integrate with your Mac with your all of the products out there uh is is pretty extraord
[00:04:00] you know for me it’s the App Store um you know the the fact that I can just pull up any app and run it and soon they’ll have you know they have already what 700 apps that are native to The Vision Pro right so the richness and depth of those is going to be kind of incredible I think well the the thing that they did which was right is you know I’ve got uh around here some oh there it is uh I’ve got my Oculus Quest 2 uh it’s like unbox I mean it’s unopened it’s sitting on the shelf because I had another one I used and I have my Oculus one sitting someplace and that’s the problem with a lot of the uh the XR headsets you get it it’s really cool for a little bit and then you don’t use it again um and because the apps just are not engaging enough and it’s not useful enough and I think what really was a super smart decision by Apple here was saying um we’re g to make this independent of apps we’re going to
[00:05:01] allow you to read your book uh do your work uh you know watch movies and so the whole universe of content that you would use on your MacBook is the same universe of content that you would use on your Vision Pro and that was brilliant I think there’s some more extensions that are very powerful for example one of the use cases I found that I heard about was if you’re sitting on a plane and you watch want to watch a movie you essentially watching it on a big screen right and and that augmentation I think is unbelievable and very very powerful but I continue to think the real application here is specialist B2B applications like surgery or training somebody or make sure you install the bolts on the on the Boeing plane before you let get it out there and doing visual analyses of things I think that’s where the real power will come in it will but it’s also going to come in from your ability to do mobile Computing uh while you cross the street here um and
[00:06:02] here’s a video of uh that Beth Jos uh launched here and here we see a guy in his Vision Pro just crossing the street and typing away I mean I do think that this is sort of an evolutionary Darwin moment you know the Darwin Awards my favorites and and we’ll see how many people get killed uh uh with h wearing their Vision Pro and and doing stupid things it’s it uh if not if not doing stupid things are just going to get punched just from the you know the social signaling that comes with this is just has so many connotations that will attract negative attention that I think uh this is It’s just dangerous to be doing some of this so you know I’m going to check this I’m going to Google this versus using my uh my Gemini but how many people die each day while uh taking selfie or actually each year it’s some astronomical
[00:07:00] number uh oh here it is so in 2018 a study reported showed that 259 selfie deaths occurred uh I don’t know if you’ve ever heard that yes I have heard that and you’re on the ledge you’re backing up or you’re back up into traffic so we’re going to have not just selfie deaths we’re going to have uh Vision Pro deaths and of course uh here’s another great [Applause] example I I tweeted this that this was the craziest thing I’ve seen in years of somebody doing that I mean I’ve driven the my Tesla four times up and down the country and I would have killed for something like this but it’s it’s unbelievably dangerous uh and so uh I I don’t know uh how this can’t end well they’re going to have to pass the I can’t imagine them not passing some regulations saying you can’t wear this Ty well I think they have that I think I
[00:08:02] think it’s called you can’t text and drive and I think they’re just going to broaden the definition of of texting yeah they they I think they’ll have to yeah but uh but that’s why God created self-driving cars um anyway you know this this let’s just touch on that for a second maybe the biggest um uh delay most delayed outcome of exponential Technologies I remember 10 years ago we thought self-driving cars would be prevalent in a few years and it’s taken way way longer you know even now we’re like a few years away it’s just because that adaptive intelligence of driving a car is just really really hard and perfectly suited to human adaptive intelligence whereas a a set of sensors with AI it just makes it’s just that much harder to do yeah it is but I believe the thesis that if a human can do it with one eye oh you know when I
[00:09:00] closed a computer should be able to do it with a single camera let alone all the cameras you know it’s it’s interesting um a couple things happened in the self-driving world that I think are worth noting the first is that Tesla last year replaced 300,000 lines of C++ code with 3,000 lines uh coming from a large language model that was trained on all of the of the data people don’t realize ize that when you’re driving your Tesla and you grab the it’s in self-driving mode and you grab the wheel um all of the imagery before and after you grab the wheel are sent to you know Tesla’s headquarters to say okay why this person interfere with this perfectly good self-driving car um and that’s training their their equivalent of their you know their deep neural networks equivalent to their large language models um uh the other thing huge proponent of self-driving I mean
[00:10:01] human beings are just bad control systems for two ton cars going at high speed yeah the the idea you take a 16-year-old test testosterone Laden kid and give him a a 2,000 or 5,000 pound car it’s crazy it is it is nuts I remember the statistic when blackberries were around there was about three-day outage in in Blackberry messages around the world nobody could send Blackberry messages for about 3 days and the accident rate in Abu Dhabi during those three days Dro 40% wow right that was 10 years ago forget everybody anybody you look at in a car is looking at their phone so it’s just there’s just no way human beings should be focused on driving when a when a car can do it much better than you anyway so the faster we make that transition all the better for me notwithstanding this weo car got attacked by a by a crowd last night in San Francisco that was just crazy I I I missed that what happened a wayo car in Chinatown San Francisco was stopped and a whole crowd
[00:11:02] surrounded and just vandalized the car and put it on fire whoa yeah they just took yeah and the car couldn’t drive anywhere because it was surrounded by human beings oh my God you know um this year at at the Abundant Summit I’m G to have Austin Russell there who’s the CEO of luminar um I don’t know if you know luminar is the largest provider of um uh of L laser Imaging radar and I was at a party for a friend Deo RI uh I don’t know six months ago Elon was there and Austin was there and Austin want always wanted to meet Elon so I went and introduced them and I said Elon here’s Austin he’s providing the lidar for all of the car manufacturers out there and he thinks that Tesla should have liar and elon’s like no absolutely no liar it is cameras only if humans you know this is his uh
[00:12:00] his first principal thinking if humans can drive with just their eyes car should be able to drive just with uh with h cameras uh and so Austin made his best argument but Elon sticking with cameras I would stick with the lar idea just because um lar can see so much further uh and in different in different conditions uh yeah so uh you know I think all of this is AI and let’s talk about what’s new in the AI World here um and by the way it’s going to be the intersection right we talk about convergences all the time the most interesting places on the planet are the convergences of exponentials I mean you talk about that in exponential organizations um with me and your your open EXO take a second and tell folks what the open EXO platform is by the way so what we have done is created a global platform for anybody interested in the trans information that we’re going
[00:13:00] through with technology and action enabling that and making it real so we have 35,000 um entrepreneurs technologists researchers scientists um uh innovators change agents all on a global platform uh we have a subgroup for generative AI That’s about 500 people so every week they get together and talk about what’s going on and is we’ve created a basically a hive mind for transformation so anybody that wants to transform their company their country their City whatever uh it’s a passport to all of the tool sets around that so that’s what openex o.com is yeah and it’s a lot of the stuff that we wrote about in exponential organizations 2.0 that that came out uh are what that Community practices preaches works on together and I I think it’s the convergence right we’re going to see the convergence of AI and Vision Pro um AI Vision Pro and then crypto and blockchain all those things coming together just Reinventing industry after industry yeah you know
[00:14:01] going back to the singularity University observation of we have a dozen technologies that are all on a doubling pattern right each one is doubling on its own but where they intersect you have a whole other multiplier to the equation and you’ve mentioned before you take two or three of them now the the the multipliers off the charts so the uh the massive transformation that’s being delivered is unheard of and unprecedented in human history everybody I want to take a short break from our episode to talk about a company that’s very important to me and could actually save your life or the life of someone that you love company is called Fountain life and it’s a company I started years ago with Tony Robbins and a group of very talented Physicians you know most of us don’t actually know what’s going on inside our body we’re all optimists until that day when you have a pain in your side you go to the physician or the emergency room and they say listen I’m sorry to tell you this but you have this stage three or four going on and you know it did didn’t start that morning it
[00:15:00] probably was a problem that’s been going on for some time but because we never look we don’t find out so what we built at Fountain life was the world’s most advanced diagnostic Centers we have four across the us today and we’re building 20 around the world these centers give you a full body MRI a brain a brain vasculature an AI enabled coronary CT looking for soft plaque dexa scan a Grail blood cancer test a full executive blood workup it’s the most advanced workup you’ll ever receive 150 gbt of data that then go to our AIS and our physicians to find any disease at the very beginning when it’s solvable you’re going to find out eventually might as well find out when you can take action Fountain life also has an entire side of the Therapeutics we look around the world for the most Advanced Therapeutics that can add 10 20 healthy years to your life and we provide them to you at our centers so if this is of interest to you
[00:16:03] please go and check it out go to Fountain life.com back/ Peter when Tony and I wrote Our New York Times bestseller life force we had 30,000 people reached out to us for fountainlife memberships if you go to Fountain life.com back/ Peter will’ll put you to the top of the list really it’s something that is um for me one of the most important things I offer my entire family the CEOs of my companies my friends it’s a chance to really add decades onto our healthy lifespans go to fountainlife decomp it’s one of the most important things I can offer to you as one of my listeners all right let’s go back to our episode you know speak about uh unprecedented in human history uh is uh is this next article that came out this week uh Sam Alman seeks trillions of dollars to reshape business of chips and Ai and I’m like you go guy that’s
[00:17:02] amazing uh I mean honestly you know I thought uh Elon had konus when he was looking to go to Mars uh but A7 trillion doll raise that’s awesome and you know if we believe that we’re turning the world into information which we are and all that information needs to be managed and computation and AI the ways you manage and harness and make of all that tsunami of data then this is completely the right thing to do I mean when you think about what does $7 trillion mean I mean that’s like uh that’s half the GDP of the US um is that true just about I think I think GDP of the US is 12 13 it’s it’s it’s like the total net value of apple and Microsoft and Google all put together I mean it’s a lot of money where do you go to get7 trillion well you go where people have you know in the
[00:18:00] UAE they’re generating $4 billion of net income a day from oil so that’s a and that’s just that’s a piece of what’s happening in the in Saudi so you go where the money is yeah Saudi and the Emirates for sure um and I’m just I don’t know you know we talk about moonshots a lot um a seven a 7 trillion dollar ask I mean you know he didn’t want to go for a trillion do you want to go I mean I guess if you’re going to if you’re going to ask for a large amount of money you might as well put it all out there yeah I mean I think the the thesis is you would enable many trillions time that right um You the economic uh impact could be that big across all sorts of areas uh I just don’t know um he there’s some insights there as to where you would apply all that computational power to but it would make computation massive computation reducible down to
[00:19:01] very very small devices and enable every little Gadget to be become intelligent which the trend is very clear that that’s happening you know it’s if you think about the amount of compute on the planet for all of for all of known history compute was neurons um compute was the human brain and uh I don’t have the exact figure I should have looked it up before this but we’re at a point now where the amount of compute coming from Silicon is exceeding 8 billion mines worth of compute and there’ll be a point in the near future where human compute is a fraction of 1% of all the compute on the planet and that’s a fascinating uh thing to think about yeah it is the the the the my issue with it is that that compute power is different it’s a different type of compute right um because you’ve got all this uh sensory stuff that we compute in our bodies every day that a huge amount of our neuron capabilities there where you can
[00:20:00] use pure Compu into all sorts of other areas yeah well uh regardless this is going to be an interesting one I haven’t honestly heard of a of a raise that big I mean we’re going to see x. probably raise a few hundred billion uh and we’ve seen you know a few of the other AI companies in that category but have you heard of a trillion dollar raise before never not even close yeah fascinating good luck Sam amazing um all right next one is Google’s Gemini Advanced AI is ready uh to go so um I’ve been playing with Gemini and and hats off to AI to Google for this um I actually didn’t like the name Bard I do like Gemini better I don’t know oh interesting I actually lik Bard yeah why great shout out to Shakespeare and the the art of composition huh okay okay it just feels
[00:21:00] dull Gemini feels well I’ve got twin boys so that maybe it’s influencing my my mindset here but uh have you played much with Gemini yet uh I’ve played with it a bit I think it’s there’s some areas where it’s a little weaker and but I think overall uh when I was playing with Bard now Gemini I actually preferred it to many of the other tools so I mean the biggest issue is Google is is playing an existential game here right in terms of how do you how do you maintain its bmth in Search and also put gener of AI into the loop here and when you know how often are you googling versus using uh using a generative AI tool um I find those are two very different things I haven’t kind of merged them yet because often I’m when I’m Googling I’m looking for something specific uh and when I’m trying to compose or flesh out some thinking then I go to generative Ai and so those I
[00:22:01] find are two complimentary uh thought processes I do find it very powerful to uh when I have a general search query like find me the best way of doing uh doing something or give get me the best Korean restaurant within 10 kilometers some of those nuances are not easy in typical search but but Gemini does those very well or chap PT does those very well and of course what’s going to happen here and it’s pretty damn obvious is everything will transition to a single entry point um and whatever you want uh it’s going to enter through a an AI uh interface and it will decide whether it uses classical search or generative AI to give you the answer um and so the question is owning the customer um you know so Google’s not needs to hold on to that Customer because uh it’s it’s in a it’s in a Death Race I
[00:23:02] I I happen to believe in Google uh uh as the most viable and dominant player and I think they’ll they’ll maintain uh their their dominance I love the team there I’m biased I know I’ve known them for 20 plus years but uh it’s it’s a challenge well I think what has to happen is is the others whether it’s Microsoft or Facebook or opena have to totally change the Paradigm right so when Chachi PT got integrated into Bing um it didn’t Dent at all Google search dominance like zero and so I found that really interesting it’s these habits that we have of of looking things in the way we’ve done it is unbelievably hard just going back to my Yahoo days right yeah um you had the Yahoo mail page and if you move that send button by just a few pixels one way the other the usage dropped off pretty dramatically because people are so used
[00:24:00] to going to that spot and clicking send right it’s incredible how habitual we become with even web pages very hard to update and change in that pattern and I think unless we change the Paradigm of how we do search which is what uh open Ai and Bing and so on are trying to do uh it’ll stay Google dominant for a while and Google’s got to get out me people don’t realize that the technology used by open AI the large language models were pioneered by Google first yeah the Transformer paper was written by googlers yeah I mean Larry and Sergey when they started uh when they started Google they viewed themselves as an AI company um and what people don’t realize is I think they also viewed themselves ultimately as a brain computer interface company but we’ll see where that goes to like you know think in Google um anyway it’s uh it’s you know we’ll talk about uh BCI in one of our our next coners ations here but um here’s a uh here’s
[00:25:02] another uh AI article that came out um this is Nat fredman who is the uh founder or the past CEOs of GitHub we’ve talked about GitHub before how dominant and critical GitHub is um that’s going to be giving the opening talk this year uh with me Fireside at at abundance 360 contextualizing what in the world just happened in the AI world in the last year and where we’re going but he’s had a side project which I find fascinating uh it’s the vvus challenge a little less than a million bucks uh so these large uh collection of Papyrus Scrolls were buried at Mount vvus in 79 ad and here they are they’re rolled up they’re you know they’ve gone through Hellen back literally uh and they’re going to crumble and so what Nat and the scientists did was they x-rayed them and were able to actually get different
[00:26:02] x-ray defraction off of the ink and then they took the data from that those x-rays which was basically noise and put it up there for AI scientists to solve and they did which I find amazing I think this is just such a great use case of being able to do things that we struggle with as human beings um a deciphering those hieroglyphics even what it is and then B making sense of it and three understanding interpreting them that’s just massive uh potential that up for me one of the favorite applications I’ve got is understanding and translating human to animal language um there was a project in I think I was tracking in 2017 that was trying to do use machine learning to uh understand and rewrite dolphin language and they thought by 2022 they would have a working version it got derailed by the pandemic but now
[00:27:00] we’ll be able to do it trivially the big problem with that is that let’s say you want to talk to dolphins we probably don’t want to hear what they have to say because I think the big danger point there you know I just had uh as as you know you’re on my on my board at the x prise foundation and and this year at visioneering which is our big event of the Year where we debate and we discuss what prizes we do next uh we had two great AI prize ideas that bubbled to the top uh one that I think is really needed which is AI for truth um and and that prize we’ve talked about before is given a datum can an AI engine tell me that this is based in fact this is someone’s opinion or this is actively disinformation would so love that right and and so important in today’s world of like obvious deep fakes and the Sim the ease with which we can create deep fakes I think is is going to pause a mass massive challenge for our elections and
[00:28:00] for our our media globally yeah I’m going to show you my favorite deep fake of the week um uh that came out but before that going back to uh interspecies Communications uh the other X prise we’ve talked about is just that an inter species Communications exerprise and and uh I’ve had some meetings since visioneering about that and I you know love the idea that we could talk to a dolphin for search and rescue or talk to birds to say there’s a child lost in the forest can you go help us find it and one of the questions is you know if we’re communicating to animals maybe we need to be careful about what we say to them so we don’t um we don’t pollute their mindset so to speak I well I mean it’s hard to imagine that we could do much worse than we’re doing now right like there’s all this data about the the the vibration by big ships in interfering with whale song All Around the World and causing massive barriers and
[00:29:00] shipping lanes act as like boundaries that whales the whales can’t communicate through those anymore uh so there’s all this stuff that’s happening negatively anyway and I think anything we can do to understand it and mitigate those is better because now we just have more data but what’s actually happening I want to just read a paragraph about this vuia text again here um so it was Grand Challenge $700,000 uh these 15 columns this is from a a post uh these 15 columns come from the very end of the first scroll uh we’ve been able to read and contains new text from an ancient world that has never been seen before the author probably epicurian philosopher filus writes about music food and how to enjoy life’s Pleasures in the closing section he throws shade at unnamed ideological adversaries perhaps The stoics Who quote have nothing to say about pleasure either in general or in particular unquote all right
[00:30:01] well political debate all the way back then oh you know this is the thing once you have three people you have politics right two people you have a conversation three people you have politics yeah love that I I remember in our early days a singularity University we had we got to a point where we had 50 alumni from Italy and within those 50 people there were 14 political factions that have been emerged already like how does this happen and they were going to create 15th while they were there um yeah so the FCC band AI generated robocalls right so there was this robocall this deep fake of President Biden telling New Hampshire voters to stay home um fascinating again uh it’s like I tell people you were going to default from seeing as believing to actually just not believing um and and what you hear or see you know the that that AI for truth idea is such a powerful and important
[00:31:01] and necessary instrument Because unless is validated at this point I think you make a really important Point here because unless you know something for sure you have to basically take it with several grains of salt so I was talking to Tristan Harris from uh who’s also going to be on stage with me at the abundance Summit Tristan’s the uh head of the center for uh uh Humane Technologies yeah um and you know him from his appearance uh on social dilemma brilliant thinker and and the question he asked was okay can humans do this could a h you know when you’re looking to ask can an AI do this can a human when given some data actually track down whether it’s factual opinion or active disinformation what do you think no the answer is absolutely not I mean look at some of why would you expect why would you expect an AI to be able to I mean given enough time and resources could a human track it down can you go oh of
[00:32:02] course that that yes that can be done but I think in the time scale that we’re looking for that we’re talking about right the the uh Trump won the 2016 election by the fact that lies were spread so much faster than the truth could catch up to it yes um and you he what the were there were 20,000 verifiable black lies that he spouted out during the from during his presidency right so when I talk to whether supporters or whatever what aspect of reality you living in to operate in that model right whether it’s redrawing the maps of where the hurricane will hit or whatever and I think this is the enormous difficulty the the the because you know remember we had the conversation last time about how the we get hit by negative news and we retain the emotional element of that much more more powerfully and then even when reality hits us it doesn’t change
[00:33:01] the emotional effect it had difficulty you tell me that a politician has beat his kids growing up and you show some images or so forth and I know it’s not true but just in the back of my mind that neuron is poking up and saying well maybe it is maybe there’s some truth in it and that erosion of Truth yeah and and so this this FCC Banning of AI gen robic calls really needs to be the beginning and I think the only way is to make uh deep fakes not avatars I think of avatars is the positive terminology I have an avatar you have an avatar we have a ray KW avatar for our book but in a deep fake where I didn’t give it permission that should be as illegal as counterfeiting and punishable by jail time it should be the problem is that a finding out who generated it right and
[00:34:00] finding the source of that generation is going to be very difficult so now the question is do you make it the responsibility of the transmitter so in other words do you I mean let’s you know how do you stop this maybe you say that the conduit if if uh Facebook or X or LinkedIn is sending it unverifiable and it turns out to be a deep fake that they’re penalized or if you retweet something yeah so I think that’s where it has to go but that’s where you need the AI for truth injected into there right where where you have choke points of let’s say on X um if x had built into it an AI for truth they could say and give it a a um reading on this is 80% likely to be false check carefully and and just use a color coding or whatever and just said this is for sure false uh and deleted it off its platform form I think you need it at those information
[00:35:00] choke points and we’re always going to have those choke points just because that’s how human being text text Elon and ask him if he wants to do a next X prise seriously I think I think this is one he he probably should want to do he should want to do it and they all of the tech platform should want to do this yeah yeah no agreed um the question is can it verifiably be done and if it can then can you transmit the authentication through a blockchain metadata link or something um right I mean yeah I I was the adviser to a project that was actually trying to do this um where they were if somebody puts out something false then a bunch of people can look at it and and flag it and go we think this is fake and the rating of the person The credibility of the person got built into that rating and so they were trying to do it using a hive mind but I think you can do with AI very easily today love that so you know people who’ve got a high as a reporter or as a tweeter or
[00:36:03] whatever have if you have a high uh you know uh truth index you’re not going to want to ruin that so I’m going to believe you more exactly and my and my willingness to retweet your statement is worth a lot more to you if if I’ve got a high index there um let’s take you know this is again I’m not sure we need government policy here just because the market forces will dictate that this is is really important and a button that says this has been verified by Ani is a really powerful economic uh uh motivator for some of this yeah um here is a video by a friend Andrew Ang he was uh with me at abundance 360 and I want to listen to his message because I think it’s really uh quite important and let’s talk about it afterwards AI is a very beneficial technology on average I think it comes down to do we think the world is better off or worse off with more intelligence
[00:37:01] in it be it human intelligence or artificial intelligence and yes intelligence can be used for neer’s purposes and it has been in history I think a lot of humanity has progressed through humans getting smarter and better trained and more educated and so I think on average the world is better off with more intelligence in it um and is as as for AI wiping out Humanity I just don’t get it you spoken with some of the people with this concern but their arguments for how AI could wipe of humanity are so vague that they ball down to it could happen and they can’t prove it won’t happen any more than I can prove a negative like that I can’t prove that radio WS being emitted from Earth won’t cause aliens to find us and space aliens to to to wipe us out but I’m not very alarmed about space aliens maybe I should be I don’t know um and I find that the harms um there there are real harms that are being created by the alus um narrative on the I I think he puts
[00:38:01] out deep wisdom here um this is very very important and I think you know just in terms of the intelligence side if you believe the thesis that technology is a major driver of progress in the world right and Ray kwell challenges us to find a better one like is there another major driver of progress in the world we actually can’t think of one and therefore the more intelligence you have the more technology you can develop and therefore that’s a good thing I I listen I agree I think uh that there is a direct correlation between a level of intelligence and optimism uh empathy uh uh love of abundance of Life of all of those things you know I think the more intelligence you have the more wisdom right you can create I’ve often said that AI is going to generate incredible wisdom you know you talk talk about wisdom a lot um in as part of your of
[00:39:00] your work when I think about what is wisdom um you know someone who’s wise is someone who’s seen a lot in life they’ve experienced a lot they’ve heard a lot of stories they know where this road is going to take you and I think AIS can create spin up a billion a 100 billion simulations uh of every possible peration and therefore know a lot more about where these different roads are going to go and there for by virtue of that level of multi you know multi-universe simulations could generate tremendous wisdom completely concur I mean it’s it’s not just even a good thing it’s almost a mandatory thing because we won’t be able to navigate a volatile world in the future without that lens of depth and operating in real time to help make sense of the world all right here is uh uh my next conversation point for you uh it’s something we’ve talked about uh you found this article
[00:40:01] uh put it up for me yeah so this basically talks about the fact that the a big job in Corporate America today is the whoever is in charge of AI uh you’ve you talk about this we talk about this in the book that companies will need a chief AI officer it has to be right at the seite level um it’s it’s such a critical function and enabler that if you don’t have this at the SE Suite level then you risk being disrupted uh and you won’t be around for long and you make the comment around that kind of existential threat of either you’re a company using AI or you’re out of business right I love that framing yeah I say by in the decade you’re fully utilizing AI or you’re you’re out of business you know so people ask what can I do how do I get started you know everybody acknowledges yeah I get it you know it isn’t AI that’s going to kill my company it’s another company using AI that’s going to kill my company and so what do I do and my first comment to them is find a chief
[00:41:00] AI officer and they say what is that and for me a chief AI officer is someone who’s on your team uh they aren’t coding a large language model they’re not you know they understand what’s going on and they’re whispering in your ear they understand your business and they’re saying okay we’re going to use you know this product from Google this product from you know openai this product from whatever it might be and in so doing uh they’re helping you uh use the technology that’s coming and that Chief a officer could be you know 21 years old for all I care it doesn’t need to be you want them to be 21 years old yeah right yeah uh we have a Community member Diego soroa okay and he’s amazing EXO community in my EXO Community he a GSP alumni from Singularity University and he uh teaches uh he’s a profess professor of uh at a university called IE in Spain and he uses AI for grading
[00:42:03] the papers advising the students as to how to write their papers um uh different models of researching papers uh image generation using M Journey he’s got a full penopoly of AI tools that is mandatory for both him and his students to use I think that’s where we’ll end up very soon um the idea of a chief AI officer that can help navigate these models and just plot a course through this is is absolutely mandatory in my head and not just for companies but for government departments and for policy think tanks and for pretty much every function where we had human intelligence before you need an AI assistant going forward so let’s take it a step further pal uh you know you and I have talked about having AI board members having AI executive officers when I’m in a board meeting right now when I’m in a staff meeting right now I’ve got you know
[00:43:01] Gemini open or chat GPT and I’m asking it the same questions I’m asking my team and in fact you know one of the things that I think is incredibly powerful is to say okay here’s a problem you know asking the team what they think of it and then I might say something like what would Steve Jobs think of this problem and you can post it in that way and say how would Steve Jobs answer this question or how would he Market this product and it’s incredibly powerful right so where is this going in terms of taking over the the boardroom in the Executive Suite well you know we talked in when we launched the book on the impact Theory podcast Tom B’s podcast of having the next billion dollar company be three people in a bunch of AIS right and then Sam mman of course took it to the next level and said it’s one person with a bunch of AI well I I would if you combine that thinking and that Vector with this concept of an AI officer well
[00:44:02] there’s absolutely no reason why your CMO can’t be an AI why your CFO can’t be an AI why your why your CEO almost can’t be an AI um you you I think you’ll end up with a SE Suite of AI helping you manage the company with the human being the shoveling of information and data and reports into the AI because it’s going to do a much better job of summarizing everything what I look forward to is the fight between the CMO and the CFO if can we fund that project or not and the CFO AI will go we can’t afford it and the CMO AI will go we have to have it Etc and that’ll be the fun discussion for me you know uh this year at at abundant Summit I’ve I’ve got a uh a generative AI scorecard uh in which I’m asking our members to score themselves in all of the business operation functions like how much gener AI are using in HR are in legal in operations in it and cyber
[00:45:01] security and so forth and there are so many incredible tools EV you know currently available so you’re at a minimum your executive officer needs to be using these tools uh to complement themselves right now I I think you’re going to end up with what I call the 1995 IBM problem what’s that okay so in 1995 IBM did a survey of all the cios of the Fortune 500 and they said how many of use open source software in your Computing stack and 95% of them said no we don’t use open source we have totally Oracle Microsoft closed stack computation software development Etc then they went down to the CIS admins who are running the systems and said how many of you use open source and 95% said yes and and IBM made a major bet on open source as a result bought Red Hat Etc and proved to be a huge success because all those sisadmin which were actually using open source ended up over time becoming the CIO and I think if you went to a CEO today and said how many of your
[00:46:01] people using generative AI you’d go no we’re not really using it but down on the ground they’re all like using it every day illegally and inappropriately they’re feeding half the company’s information into chat GPT without realizing it and it’s happening anyway so I think that’s what you’ll find there all right we’re about to go to bitcoin but before we do my favorite deep fake of the week uh from Super Bowl Sunday uh here we’ve got our president Hawking uh snap take a look it’s Super Bowl Sunday and for anything like me you like to be surrounded by a snack or two while watching the big game you know when buying snacks for the game you might have noticed one thing sports drinks bottles are smaller a bag of chips has fewer chips but they’re still charging it just as much and as an ice cream lover what makes me the most angry is that ice cream cartons have actually shrunk in size but not impr price I’ve had enough of what they call Shrimp flation pretty damn believable um I think I think we are in a world where
[00:47:00] you can’t even tell if that was real or not real because you can just as easily imagine it being real I I could I’m like you know it’s I could honestly believe it’s real and that’s that’s scarier than knowing it’s it’s a it’s a deep fake hey everyone I want to take a quick break from this episode to tell you about a health product that I love and that I use every day in fact I use it twice a day it seeds ds01 daily symbiotic hopefully by now you understand that your microbiome and your gut health are one of the most important modifiable parts of your health you know your gut microbiome is connected to everything your brain health your cardiac health your metabolic health so the question is what are you doing to optimize your gut let me take a moment to tell you about what I’m doing every day I take two capsules of seeds ds01 daily symbiotic it’s a twoin one probiotic and Prebiotic formulation that supports Digestive Health gut health skin Health heart
[00:48:00] health and more it contains 24 clinically and scientifically proven probiotic strains that are delivered in a patented capsule that actually protects the contents from your stomach acid and ensures that 100% of it is survivable reaching your colon now if you want to try seeds ds01 daily symbiotic for yourself you can get 25% off your first month supply by using the code Peter 25 checkout just go to seed.com moonshots and enter the code Peter 25 at checkout that’s seed.com slm moonshots and use the code Peter 25 to get your 25% off the first month of seeds daily symbiotic trust me your gut will thank you all right let’s go back to the episode you know you and I are are both uh huge Believers in Bitcoin let’s take the conversation there uh we were on stage together at an xprize event and like every other s she like buy Bitcoin buy Bitcoin um let’s uh take a look at a
[00:49:01] couple of images that are for fun this is from Bitcoin Magazine on X and it’s a an article here that says the internet may be just a passing fad as Millions give up on it um I don’t uh I think their their point is uh Bitcoin is not a passing fad um and I’m going to share one more uh video here I love this video uh this is back in 2013 By the way kudos to you uh buddy you’re the first person I ever heard speak about Bitcoin I was during one of your talks at singular University and you’re talking about Bitcoin it was probably 2012 when you were first starting to talk about it fair enough uh no we were giving out Bitcoin at Su at 2011 okay Brad Templeton was was giving it out kind of as a joke but people didn’t understand it then and frankly we barely understood it then yeah let me let me play this uh this video uh take a look
[00:50:02] I’m right here watching history be made Bitcoin is now up to $111 it’s alltime high and it’s continuing to rise I’ve seen it break uh three times today went up to 110 and this is the highest that it’s been it’s ridiculous highest it’s been ridiculous um what what you would do with a time machine back by Apple stock early by Bitcoin early this is why we know that time machines don’t exist because there’s so many obvious arbitrages right um I’ve I’ve got a I was talking to an old friend uh this morning and she said I said when did we last chat it’s been a while she goes yeah we last chatted when you told me to buy Bitcoin it was 3,500 a coin um I thought wow that was a long time ago this is this is just a kind of the most incredible thing for me I’ve watched Bitcoin go from 5 cents to 50
[00:51:00] cents to $5 to $50 to $500 to $5,000 and now $50,000 and it’s just the most unbelievable but it’s very clear the pattern and it’s very clear why it’s I think it’s a complete Arbitrage on Broad awareness and intelligence of what’s going on in the world yeah I’m going to have Mike sailor this year at the Abundant summit we’re going to go deep on uh nobody nobody better right one of the largest holders I guess the ETFs now have more Bitcoin than him as a corporation but as a private you know as a not a private company but as a a nonf company uh he’s been just Allin and I kudos to him you know he’s first of all people should know he’s fraternity brother of mine from MIT my undergraduate years um we were basically living together he was aeroastro um as well and uh uh I met with him a few years ago and he told me the story of his Bitcoin logic and he
[00:52:02] basically went through the logic chain of what it is as a store of wealth why it’s immutable why it’s energy how it’s going to go and once he reached the conclusion that it it is going to uh become the dominant mechanism for storing wealth and isn’t going to be uh dropping off a cliff uh he just went all in over and and over again convinced his Board of a public company which is a big deal and hasn’t turned back and um he’s laughing all the way to the bank in this one well uh here’s one of the calculations I’ve heard him talk about if 1% of Fortune 1000 CFOs put their treasury if if if Fortune 1000 CFOs put one% of their treasury into Bitcoin you’d end up in a million dollars of Bitcoin yeah uh and there’s lotss of arguments we I had Kathy Wood on stage with me at at
[00:53:02] the abundance Summit a couple years ago and about to do a podcast with her and uh same thing her calculations have it uh targeting somewhere between a million uh to $5 million of Bitcoin and this is a figure that she posted on X that looks at bitcoin’s hash rate um it’s an an all-time high uh which is pretty amazing of 500 EXA hases per second um and this is a signal of transaction and demand because a lot of the uh the Bitcoin is not being uh it’s not being traded it’s being hashed and created yeah and held um and held I I think you know there’s some great uh points here one of them is about two years ago we crossed more than 50% of Bitcoin energy usage was uh renewable um and almost all Bitcoin mining energy is uh marginal energy that’s like a hydroelectric Dam that’s
[00:54:01] not being used fully and they use it the rest of it for Bitcoin mining and so there’s some incredible things there I think can we step back and just give some foundational rationale here please yes one is we have 200 Fiat currencies that are terrible to manage a global World Define a fiat currency for folks fat currencies the US dollar the Argentinian peso the Euro were a country region It’s Made Up by government it’s not backed by anything that’s right it’s by Fiat by government Fiat the uh decree that that currency operates and the the the destruction of monetary value I think you have a graph on that that’s worth looking at the destruction of value in the US dollar is kind of unbelievable to see over a period of time here we go so check this out yeah go ahead and tell us what this means so what this means is that we uh and there’s a mass massive blip if you look at like the from the from
[00:55:00] 1960s it kind of took its last big collapse downward right there was some dips in the in the in the depression Etc um essentially we’ve been when we floated the US dollar Nixon did it he floated the US dollar off the gold standard uh and made it a truly floating currency um they did not realize that at the time the technology was deflationary that your thousand TV will only be worth $500 in a year and you could buy the same thing for $250 a year after right and the problem that you have with Fiat currencies is they use debt to grow the economy so Jeff boo talks about this in his book called The The Power of Now and he he made this staggering observation that over the last 50 years every dollar increase in global GDP came with a $4 increase in global debt so we’re gloring the global economy with debt which is absolutely not sustainable and if technology is deflationary you can’t borrow money and then pay it back because you have to pay back that much
[00:56:00] more money and the whole system at some point will implode and so that basically gives a rationale for a uh a deflationary currency that doesn’t do this which is where Bitcoin fits in and not by accident was Bitcoin created during the the uh 2008 financial crisis when we just printed a ton of money to save all the banks wow and as I’m reading this Bitcoin is at $49,500 um tipped over 50k this morning yeah amazing amazing and and Vincent danani one of our community members talks about this he says this is the biggest asymmetric bet in human history it’s either going to go to a million dollars of Bitcoin or it’s going to zero and you’re at 50k now so if you buy to it you may lose 50k but the upside is so much bigger that you’re crazy not to dabble you know it’s the question is whether governments will try they will try or succeed in making it illegal so I’ve can I rant for a second yeah of
[00:57:00] course they have been trying they have been trying for ages okay um there are three things that are notable here one is uh just over the last few days a key figure at the Federal Reserve was asked about Bitcoin he’s like ah it’ll never succeed because you can’t use it for payments well those those how can I say this politely those bastards tax every Bitcoin transaction and every crypto transaction as property so it’s a taxable transaction meaning you’re prevented from using it as a currency so they complaining that you can’t use it as a currency because they’ve actually implemented that way what they’ve been doing is trying to tax and slow down the onramps and off off-ramps of crypto right so a lot of the the banks that collapsed last year were were intentionally forced to close by the government because they’re active crypto trading Banks so the government is trying to slow it down the best argument I’ve seen against this is is actually especially in the US is First Amendment
[00:58:00] so when I send you a Bitcoin I’m actually sending you an alphab numeric text of stringing numbers which is First Amendment freedom of speech freedom of speech so how I interpret how you interpret that string and numbers is up to you so it’s it’s completely not stoppable in the US the the banks and the financial system were desperately trying to slowed down as much as possible but the need for it in global trade and interc Company uh uh thing is just crazy I’m on The Advisory Board of a weird alternative SDR type currency and the founder of it noted a really amazing transaction where um a big jet a big engine company sold a hundred million worth of jet engines to a country and took as payment $150 Million worth of Frozen chickens for these jet engines and uh the extra 50% was now you have to deal with containers of Frozen chickens but the rationale behind it was that governments hate foreign reserves leaving their Shores so they put all
[00:59:00] these Capital controls on it etc etc and it it really is uh global trade is almost run at the big transaction level run more on a barter system than anything else so you really really need something like Bitcoin just to manage all of that going forward amazing um you know uh I do believe that there is a future where it’s all all uh digitized every I mean when I have cash in my pocket it’s kind of funny to look at the cash right I no longer use coins anymore and I’ve talked about and written about and we’ve talked about the 6ds of exponentials that when you digitize something it’s a slow deceptive initial growth and it becomes disruptive it dematerialized demonetizes and democratizes and so Bitcoin is the digitization of currency of wealth and it’s we are in the process of dematerializing the banks and our monetary systems so we can democratize
[01:00:01] uh and make it available it goes back to the comment we made in the last podcast about um I want to write more about this but it’s permissionless disruptive innovation that we can now do for the first time nobody asks permission for Bitcoin or ethereum and yet they’re taking over the world from a finance perspective right and if governments could find any way of stopping it they would but you can’t actually regulate these in any easy way yeah um here is a uh art a little story from this morning uh let’s check it out welcome back to squa box the price of Bitcoin Crossing back over the $48,000 level over the weekend one month this after the launch of the spot Bitcoin EF anyway it’s uh it’s going to be something which um we may look back uh at this and say wow it used to be that cheap um and we’ll start talking about Satoshi versus Bitcoin that’s right I think it’s absolutely going to happen uh it’s you
[01:01:03] know I’m I’m mentioned to you watching it go from 5 cents to 50 cents I finally got the gumption to buy into it at $500 right um and you have no idea how many friends I have that mine Bitcoin at 5 cents of Bitcoin and then lost the hard drive like unbelievable crocodile tiar of people losing the hard drives or losing their private Keys uh because and literally about 20% of Bitcoin will never never be recovered because of that um but as people lose trust in the existing monetary systems it’s all one big spiral downwards the only tool left to central banks today is to print more money right and so this all adds to bitcoin as a hedge against central banks printing a ton of money which is what we’ve been doing forever I mean what was a stat we printed 40% of all the US dollars in existence in during the pandemic yeah right naturally you’re going to have inflation and pric is going to go up 40% I mean well I mean that’s what that’s what this chart of you know buying power
[01:02:01] as you print more money the buying power of the dollar is just diminishing and one of the things is you put in real estate but when you’re paying real estate taxes that’s diminishing the value because you just can’t hold it um and so there’s very few things where you can actually maintain that uh that store of wealth and and Bitcoin is is one of them and uh you know do go ahead I I want to make one more comment about Bitcoin versus the altcoins that’s that’s very powerful this again goes back to Jeff boo who I think of as the as the as the chief Economist of the abundance error of the crypto era he’s just like incredibly smart about this so there’s three triangular points on digital currencies that are important uh security scalability and decentralization those are three points that you have to hit to have a decent cryptocurrency and what bit coin did for the first time in human history it hit us um decentralization
[01:03:00] and security at the same time and that was incredibly powerful um and except it didn’t solve for scalability so you had all these altcoins pop up to try and solve the scalability problem um but in doing so they compromised on either decentralization or security and we saw FTX collapse we saw Luna collapse as a result of that but now because of the lightning Network Bitcoin has solved scalability so now the smartest people I know are putting all their chips on bitcoin everything else is a Gamble and this is a sure bet and that’s I think really interesting to to mention yeah I one of the things that Michael Shar will be talking about uh with us uh I think it’s on March uh 19th is his lightning rewards and what he’s done is he’s built a system at micro strategies where if you’re an employee um and you show up to a meeting on time you get you know a few Satoshi if you take the uh you know the
[01:04:01] HR uh learning course you get a few Satoshi it’s basically rewarding you in cryptocurrency at a you know a fraction of a Bitcoin a Satoshi uh for every correct action that you take uh and fascinating idea which is great if you have 5,000 Bitcoins in your treasury it’s harder for other people that they have to go now buy the Bitcoin well I I think he’s got a lot more than 5,000 Bitcoins in this Treasury I know I know I know uh well buddy listen uh a fun a fun week I’m still stunned by$ 7 trillion doll fundraise we’ll see how far it gets uh Apple Vision Pro um kudos to uh to Apple for another amazing product um and uh uh and AI um every week and you know what we’re still at the very beginning of our AI Journey aren’t we oh uh very very Beginnings I mean look it’s it’s evolution is intelligence uh developing and evolving
[01:05:02] right and I think we’re hitting a point where now we develop intelligence at an exponential rate and that’s just going to it’s just it is just the beginning what how do we talk about it in the book The C explosion has hit and now we’ve got a bunch of little furry generative AI mammals running around yeah it’s interesting to think about you know we think about Apple and Google and Microsoft and NV and 10 years from now there’ll be a hundred of those trillion dollar companies that we’ve never heard of yet yeah they’re going to pop up out of nothing very very quickly yeah all right buddy um quick prediction where do you think Bitcoin will be the next time we do an episode oh I think it’ll dip back down a little bit I hope it will so I can buy more and then but I’m not going to time it I’m not going to time it uh I think you know uh I I had bought Bitcoin as high as when it was near 60 last time and so I think uh I think uh we could
[01:06:00] see it at 60 um very quick I predict 70 70 all right sounds like you’re gonna be buying soon all right good to see you buddy likewise see you again next time take care [Music] pal