WEBVTT - The AI Era of Mark Zuckerberg

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<v Speaker 1>Hi everyone, I'm Emily Chang and this is the circuit.

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<v Speaker 1>Mark Zuckerberg has fired his latest salvo in the AI wars,

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<v Speaker 1>and he thinks it's a big one. Of course, you

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<v Speaker 1>all know him as the face of Facebook, in the

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<v Speaker 1>spotlight and in the hot seat. For twenty years, he's

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<v Speaker 1>been on the offensive, buying Instagram, WhatsApp, and Oculus, and

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<v Speaker 1>the defensive, battling a never ending cascade of criticisms about

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<v Speaker 1>the social, political, and business impacts of his expanding empire. Lately, though,

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<v Speaker 1>Zuckerberg seems to be having something of a zuck Aissance

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<v Speaker 1>or a zuck Renaissance. He's rocking a different vibe. Gold chains,

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<v Speaker 1>fuzzy jackets, martial arts on a barge in Lake Tahoe.

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<v Speaker 1>Zuckerberg appears to be reinventing himself and his company, Metta's

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<v Speaker 1>latest push is a major play to open source AI

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<v Speaker 1>in contrast to closed source competitors like open AI and Google.

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<v Speaker 1>Zuckerberg just unveiled his company's newest class of AI models,

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<v Speaker 1>LAMA three point one, by the way, that stands for

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<v Speaker 1>large Language Model Meta AI, and he believes this approach

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<v Speaker 1>to AI will have a profound impact on the progress

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<v Speaker 1>of tech, business, and maybe the world. I took a

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<v Speaker 1>trip to Meta headquarters in Menlo Park, California to meet

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<v Speaker 1>Zuck and hear about the AI future he says is

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<v Speaker 1>the path forward. We also talked about what's next for

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<v Speaker 1>social media, what's at stake in the US presidential election,

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<v Speaker 1>and his famous side quests joining me now, Meta CEO

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<v Speaker 1>and founder Mark Zuckerberg.

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<v Speaker 2>Goodness, see you again.

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<v Speaker 3>Thank you for having us.

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<v Speaker 2>I'm excited to do this.

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<v Speaker 4>I thought about sending my avatar to meet you, but

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<v Speaker 4>I decided this was too good to pass up.

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<v Speaker 3>So we're gonna walk slowly.

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<v Speaker 2>Okay, you want to set the pace. I will set that.

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<v Speaker 3>I will try it. Sometimes I walk too.

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<v Speaker 2>Fast, so you will. This is your thing.

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<v Speaker 4>So so in the future, will we be meeting as avatars?

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<v Speaker 4>And will that feel totally normal?

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<v Speaker 2>I think probably some of the time. Yeah. I mean,

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<v Speaker 2>you know, I think you're going to be.

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<v Speaker 5>You're gonna have meetings where instead of having to use

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<v Speaker 5>zoom and look at a screen, you're gonna just have

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<v Speaker 5>the people you're talking to as kind of three D avatars,

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<v Speaker 5>just on your couch or around the table. And that's

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<v Speaker 5>going to be pretty good. I mean we'll also be

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<v Speaker 5>able to probably have AI coworkers who will be embodied

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<v Speaker 5>as avatars sitting around the table with us too. So

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<v Speaker 5>that's something that you're not gonna be able to do physically.

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<v Speaker 2>But I don't know. I like it because I mean

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<v Speaker 2>I'm a.

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<v Speaker 5>Big believer in like kind of physical presence and interaction,

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<v Speaker 5>and I mean I just think that like the ability

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<v Speaker 5>to actually be in a physical space, like around a

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<v Speaker 5>table or at a couch and kind of have the

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<v Speaker 5>person there, even if they're not physically there is a

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<v Speaker 5>lot better than just looking at a screen.

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<v Speaker 4>How much of your day to day is meetings versus

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<v Speaker 4>product reviews versus like big strategic thinking.

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<v Speaker 5>It really depends on a day to day basis. I

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<v Speaker 5>don't know that there's like a normal day, the ideal

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<v Speaker 5>day I get to to work on all the long

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<v Speaker 5>term stuff. But I mean, in this role, you sometimes

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<v Speaker 5>get sucked into stuff that is not.

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<v Speaker 2>What you want to be focused on within a given day. Yeah.

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<v Speaker 5>So yeah, but I view and part of this is like,

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<v Speaker 5>all right, how many days am I actually focused on

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<v Speaker 5>the things that I want to be building stuff for

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<v Speaker 5>the long term?

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<v Speaker 3>How much are you still coding?

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<v Speaker 2>Oh? I don't code for work at all anymore. I

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<v Speaker 2>do it for fun.

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<v Speaker 5>Yeah, I mean probably most of the coding that I

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<v Speaker 5>do these days is with my daughters, teaching them.

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<v Speaker 2>They love it.

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<v Speaker 5>My daughter Aggie, she basically uses code as a medium

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<v Speaker 5>for art and just to create somethings. She calls it

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<v Speaker 5>code art, just like telling stories and different things by

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<v Speaker 5>like making I don't know just's it's just coding in scratch.

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<v Speaker 5>So I spent a bunch of time doing that with

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<v Speaker 5>the kids, and that's my coding these days.

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<v Speaker 4>So I found an article in the Harvard Crimson going

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<v Speaker 4>back to two thousand and three where you were talking

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<v Speaker 4>about open source.

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<v Speaker 3>Okay, like over twenty years.

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<v Speaker 4>Ago, really, so you've been thinking about this really long time.

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<v Speaker 5>Well, yeah, it's a big part of the tech industry.

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<v Speaker 5>I mean you wouldn't have been able to build the

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<v Speaker 5>early version of Facebook without that. I mean all the

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<v Speaker 5>stuff that we used, just the early versions of my

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<v Speaker 5>sequel and PHP and Apache and Linux, I mean all

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<v Speaker 5>that stuff. It's like, there's just no way I would

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<v Speaker 5>have been able to build the first version without that

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<v Speaker 5>whole stack.

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<v Speaker 3>So it's like super critical.

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<v Speaker 2>Oh yeah, yeah, I was a student.

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<v Speaker 5>I didn't have access to a lot of capital I

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<v Speaker 5>couldn't have gotten like a really expensive proprietary Unix system

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<v Speaker 5>or something. So I mean there's the whole kind of

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<v Speaker 5>hacker mentality. You just take the code, use it for

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<v Speaker 5>the thing that you need to. It's more cost efficient,

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<v Speaker 5>and I mean that's how you can start something like

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<v Speaker 5>this in a dorm room.

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<v Speaker 4>So speaking of that, some people see you as an

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<v Speaker 4>unlikely champion of open source today you're laughing.

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<v Speaker 2>Well, I don't know why. I mean, I actually think, well,

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<v Speaker 2>I get it, but yeah.

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<v Speaker 3>You understand, you understand the word unlikely.

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<v Speaker 5>Yeah, Well, we've actually Meta have been pretty big proponents

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<v Speaker 5>of open source for a while, and it maybe is

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<v Speaker 5>a little bit of an accident of history that you know,

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<v Speaker 5>we got started after companies like Google and built up infrastructure,

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<v Speaker 5>but it was never a proprietary advantage for us because

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<v Speaker 5>we grew up after them. So instead of kind of

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<v Speaker 5>hoarding it and saying, Okay, this is going to be

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<v Speaker 5>something that we keep as an advantage, because it actually

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<v Speaker 5>wasn't an advantage relative to Google and other companies.

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<v Speaker 2>It was just we were just catching up, like all right,

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<v Speaker 2>let's create.

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<v Speaker 5>An open ecosystem and make it so we can benefit

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<v Speaker 5>from the innovation that other people bring and.

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<v Speaker 2>It's been a really good formula for us.

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<v Speaker 5>So dating back to how we design servers, how we

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<v Speaker 5>design our data centers, we have this whole open compute

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<v Speaker 5>project that kind of standardized a lot of the infrastructure

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<v Speaker 5>for the industry. It was really good for us because

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<v Speaker 5>now that all these other companies are using the same

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<v Speaker 5>stuff as us, the supply chains got more built out

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<v Speaker 5>around it, which meant that it was cheaper for us.

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<v Speaker 5>So we've saved billions of dollars by kind of having

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<v Speaker 5>it out there. And that's going to how with AI too.

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<v Speaker 5>So you can look at our history, there's all these

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<v Speaker 5>different projects that we've open sourced, and I think that

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<v Speaker 5>the positive experience that we've had is one of the

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<v Speaker 5>reasons why we're just a little more willing to put

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<v Speaker 5>ourselves out there and open source AI models and generally

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<v Speaker 5>believe that we're going to get the positive benefits from

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<v Speaker 5>the ecosystem on that too.

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<v Speaker 4>You're really putting a stake in the ground by open

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<v Speaker 4>sourcing your AI in this attempt to build the AI

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<v Speaker 4>rails for the future. How much of this is a

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<v Speaker 4>strategic way to control or own the next technology wave.

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<v Speaker 2>It's a few things.

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<v Speaker 5>One is, if you just think about, like our kind

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<v Speaker 5>of psychology and strategy on this, A lot of how

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<v Speaker 5>we've grown up over the last ten or fifteen years

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<v Speaker 5>was building our apps through phone platforms that our competitors controlled.

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<v Speaker 5>And you know, there's all these analyzes that we've done

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<v Speaker 5>where we would be like a lot more profitable, our

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<v Speaker 5>business would be bigger if we hadn't gotten all these

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<v Speaker 5>random taxes or rules that the mobile platforms.

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<v Speaker 2>Had put on us.

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<v Speaker 5>But honestly, that's not the big thing that bothered me.

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<v Speaker 5>It was how it limited our creativity to build the

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<v Speaker 5>best things that we could imagine. It's somewhat soul crushing

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<v Speaker 5>to like go build something that you think is going

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<v Speaker 5>to be good and then just get told by Apple

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<v Speaker 5>that you can't ship it because they want to put

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<v Speaker 5>us in a box because they view us as competitive.

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<v Speaker 5>So you know, we're a big enough company now that

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<v Speaker 5>one of the things that I've resolved is that for

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<v Speaker 5>the next generation of technology, I want us to build

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<v Speaker 5>and have more control over the next set of platforms

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<v Speaker 5>that we're going to build. So I think AI is

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<v Speaker 5>a critical one, and I think augmented and virtual reality

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<v Speaker 5>is another critical one. But the thing is is that

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<v Speaker 5>these platforms are not just It's not such a thing

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<v Speaker 5>that you can go build in a lab.

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<v Speaker 2>It's an ecosystem.

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<v Speaker 5>So we can build the best AI model, but over time,

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<v Speaker 5>like Linux, the way that it becomes valuable is that

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<v Speaker 5>there's going to be a whole ecosystem of companies that

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<v Speaker 5>integrate with it and build out all these different capabilities,

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<v Speaker 5>And if we were to keep that to ourselves, we

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<v Speaker 5>actually wouldn't benefit.

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<v Speaker 2>So it's kind of the way that we.

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<v Speaker 5>Can control our own destiny on this and make sure

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<v Speaker 5>that we have access to leading AI is by building

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<v Speaker 5>it and having it become an industry standard. So it's

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<v Speaker 5>somewhat counterintuitive, and I think a lot of people woul

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<v Speaker 5>look at that and say, Okay, why don't you just

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<v Speaker 5>if you build this thing, why don't you just keep

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<v Speaker 5>it for yourselves? But it actually gets stronger by being

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<v Speaker 5>able to share it and have the ecosystem around it.

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<v Speaker 4>How much of an opportunity here do you see to

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<v Speaker 4>take Apple out.

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<v Speaker 3>Of the middle.

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<v Speaker 5>Interestingly, Apple is not really the biggest player in AI,

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<v Speaker 5>or at least major AI foundation models, so I'm sure

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<v Speaker 5>that they'll do great stuff with their Apple Intelligence and

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<v Speaker 5>the on device stuff, But I was more using that

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<v Speaker 5>as an illustrative example that really kind of shaped me

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<v Speaker 5>and I think has shaped the company over the last

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<v Speaker 5>ten or fifteen years of one of the struggles that

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<v Speaker 5>we've had building apps in their ecosystem. I mean, they're

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<v Speaker 5>just not a neutral player in that right. I mean

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<v Speaker 5>we're a competitor to them, and we have to deliver

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<v Speaker 5>our services through a competitor, and that's a very difficult

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<v Speaker 5>situation to be in. So going forward, I'm not sure

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<v Speaker 5>that they are going to be the biggest challenge that

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<v Speaker 5>we have, but I think the lessons from that If

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<v Speaker 5>AI is going to be as important in the future

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<v Speaker 5>as platforms are, then I just don't want to be

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<v Speaker 5>in the position where we're accessing AI through I don't

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<v Speaker 5>know whether it's Google or you know, whoever the other

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<v Speaker 5>company is that also may be eventually down the road

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<v Speaker 5>a competitive for us. It's just I think it's important

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<v Speaker 5>if we want to build services that help people connect

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<v Speaker 5>in all the ways that we want to do. It's

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<v Speaker 5>just a thing where we're a technology company. We need

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<v Speaker 5>to be able to build stuff not just at the

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<v Speaker 5>app layer, but like all the way down, and it's

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<v Speaker 5>worth it to us to make these massive investments to

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<v Speaker 5>do that.

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<v Speaker 4>You're continuing to improve meta AI across all of your products,

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<v Speaker 4>but also as a standalone chatbot. Why should we use

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<v Speaker 4>meta over chat GPT?

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<v Speaker 5>Well, there's a bunch of things where it's better, And

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<v Speaker 5>I mean one is there are all these tools for

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<v Speaker 5>producing content.

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<v Speaker 2>You know.

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<v Speaker 5>One of the things that we're rolling out soon is

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<v Speaker 5>the ability to just like imagine stuff.

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<v Speaker 2>You're typing something in real time. I do this with

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<v Speaker 2>my daughters all the.

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<v Speaker 5>Time, and as you're typing and entering the query, it's

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<v Speaker 5>just generating the images as you enter the keystrokes.

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<v Speaker 2>It's just really cool.

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<v Speaker 5>The other is just that it's kind of in integrated

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<v Speaker 5>into the experiences that people use. So you can add

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<v Speaker 5>medai to your chats with your friends and WhatsApp or

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<v Speaker 5>Messenger or Instagram, so it can be there in group threads.

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<v Speaker 5>I think that's really neat. But look, at the end

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<v Speaker 5>of the day, I think the most important product for

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<v Speaker 5>an AI assistant is going to be how smart it is.

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<v Speaker 5>And the LAMA models that we're building are some of

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<v Speaker 5>the most advanced in the world, and I think that

0:10:24.120 --> 0:10:27.240
<v Speaker 5>that's why people want to use them that and obviously

0:10:27.240 --> 0:10:29.240
<v Speaker 5>it's you know, we try to build our services and

0:10:29.240 --> 0:10:31.760
<v Speaker 5>make them free. So a lot of other companies they

0:10:32.040 --> 0:10:34.280
<v Speaker 5>take their best models and they charge for them, and

0:10:34.280 --> 0:10:35.800
<v Speaker 5>we're going to try to take our best models and

0:10:35.840 --> 0:10:38.000
<v Speaker 5>make them free so that way as many people as

0:10:38.040 --> 0:10:41.040
<v Speaker 5>possible around the world can use them. And it's early,

0:10:41.080 --> 0:10:44.880
<v Speaker 5>but it's basically working. My goal for the Medai launch,

0:10:45.000 --> 0:10:48.160
<v Speaker 5>which I mean it's only really a few months old

0:10:48.360 --> 0:10:50.840
<v Speaker 5>at this point, was to by the end of the year,

0:10:51.320 --> 0:10:54.040
<v Speaker 5>have Metai be the most used AI assistant in the world.

0:10:54.320 --> 0:10:55.800
<v Speaker 2>And I think we're basically on track for that.

0:10:55.840 --> 0:10:57.320
<v Speaker 5>I mean, there's hundreds of millions of people who are

0:10:57.360 --> 0:10:59.120
<v Speaker 5>at the end of this year, yeah, and I think

0:10:59.120 --> 0:11:00.600
<v Speaker 5>we're going to be there before the end of the year.

0:11:00.600 --> 0:11:02.600
<v Speaker 5>But there are already hundreds of millions of people who

0:11:02.600 --> 0:11:04.000
<v Speaker 5>are using it. We're not even rolled out in all

0:11:04.000 --> 0:11:06.520
<v Speaker 5>the languages yet. We have the big launch coming this

0:11:06.559 --> 0:11:09.360
<v Speaker 5>week that's just like much better models across the board,

0:11:09.440 --> 0:11:11.280
<v Speaker 5>so people are using that AI. It's just going to

0:11:11.280 --> 0:11:13.360
<v Speaker 5>get smarter this week automatically. You don't have to pay

0:11:13.360 --> 0:11:15.240
<v Speaker 5>for it. It's just going to keep on getting better

0:11:15.240 --> 0:11:15.600
<v Speaker 5>and better.

0:11:15.720 --> 0:11:18.240
<v Speaker 4>So you're releasing LAMA three point one, this family of

0:11:18.320 --> 0:11:21.439
<v Speaker 4>models big and small, including the biggest open source model

0:11:21.520 --> 0:11:23.439
<v Speaker 4>ever four hundred and five billion primers.

0:11:23.480 --> 0:11:25.440
<v Speaker 3>Yeah, yeah, what does that jump unlock?

0:11:26.240 --> 0:11:30.080
<v Speaker 5>In Layman's term, the bigger the model, the more intelligence

0:11:30.080 --> 0:11:33.880
<v Speaker 5>can be encoded in it, but also the more expensive

0:11:33.920 --> 0:11:36.440
<v Speaker 5>it is to operate and run. Right, So you don't

0:11:36.480 --> 0:11:38.839
<v Speaker 5>always just want to use the biggest model. You want

0:11:38.840 --> 0:11:40.920
<v Speaker 5>to use the most sophisticated model for what.

0:11:40.840 --> 0:11:41.360
<v Speaker 2>You're trying to do.

0:11:41.440 --> 0:11:42.720
<v Speaker 5>So if you're trying to run it on a phone

0:11:42.720 --> 0:11:45.640
<v Speaker 5>where there's limited compute, you actually want a much smaller model,

0:11:45.720 --> 0:11:48.240
<v Speaker 5>maybe like a two billion parameter model or three or

0:11:48.240 --> 0:11:48.840
<v Speaker 5>something like that.

0:11:48.960 --> 0:11:50.000
<v Speaker 2>People want to run stuff on.

0:11:50.000 --> 0:11:53.160
<v Speaker 5>Their own laptops, and you can run like a seventy

0:11:53.200 --> 0:11:55.760
<v Speaker 5>billion parameter model on a laptop. The four hundred and

0:11:55.760 --> 0:11:59.160
<v Speaker 5>five billion parameter model is a really big, very sophisticated

0:11:59.200 --> 0:12:03.800
<v Speaker 5>models that we're shipping, is basically competitive with all the

0:12:03.840 --> 0:12:06.360
<v Speaker 5>state of the art models. People can run it directly

0:12:06.400 --> 0:12:08.280
<v Speaker 5>if they want, But I actually think the main thing

0:12:08.320 --> 0:12:10.679
<v Speaker 5>that people are going to do, especially because it's open source,

0:12:11.240 --> 0:12:14.320
<v Speaker 5>is use it as a teacher to train smaller models

0:12:14.320 --> 0:12:17.480
<v Speaker 5>that they use in different applications. We've actually done this ourselves,

0:12:17.520 --> 0:12:20.160
<v Speaker 5>so we have smaller models, which actually the main ones

0:12:20.160 --> 0:12:22.280
<v Speaker 5>that we use in our products because again they're more

0:12:22.280 --> 0:12:24.320
<v Speaker 5>cost effective to run. And as soon as we finish

0:12:24.400 --> 0:12:27.319
<v Speaker 5>training the four hundred and five billion parameter model, we

0:12:27.440 --> 0:12:29.280
<v Speaker 5>used it to now train a better version of the

0:12:29.320 --> 0:12:32.920
<v Speaker 5>small models. And I think one of the really powerful

0:12:32.920 --> 0:12:35.160
<v Speaker 5>things is that if you just think about like all

0:12:35.160 --> 0:12:38.480
<v Speaker 5>the startups out there, or all the enterprises or even

0:12:38.559 --> 0:12:42.080
<v Speaker 5>governments that are trying to do different things, they probably

0:12:42.120 --> 0:12:44.760
<v Speaker 5>all need to at some level build custom models for

0:12:44.800 --> 0:12:46.880
<v Speaker 5>what they're doing. And it's really hard to do that

0:12:47.280 --> 0:12:50.560
<v Speaker 5>with closed systems out there, whether that's open AI or Gemini,

0:12:50.720 --> 0:12:51.920
<v Speaker 5>Google's thing or whatever.

0:12:52.440 --> 0:12:53.520
<v Speaker 2>But with open source.

0:12:53.320 --> 0:12:54.920
<v Speaker 5>That's really easy because you have the weights, so you

0:12:54.960 --> 0:12:58.080
<v Speaker 5>can basically use the model to distill and train whatever

0:12:58.200 --> 0:13:01.080
<v Speaker 5>size model you want. Gets to a pretty core part

0:13:01.080 --> 0:13:03.000
<v Speaker 5>of our philosophy is we don't believe there's gonna be

0:13:03.040 --> 0:13:06.200
<v Speaker 5>like one AI to rule them all. Our vision is

0:13:06.240 --> 0:13:09.320
<v Speaker 5>that there's going to be millions or just billions of

0:13:09.320 --> 0:13:11.840
<v Speaker 5>different models out there, and I think that's really what

0:13:11.880 --> 0:13:14.280
<v Speaker 5>the LAMA three point one, four or five billion is

0:13:14.280 --> 0:13:15.760
<v Speaker 5>going to allow. It's just going to be this teacher

0:13:15.800 --> 0:13:19.400
<v Speaker 5>that allows so many different organizations to create their own

0:13:19.440 --> 0:13:22.040
<v Speaker 5>models rather than having to rely on the kind of

0:13:22.040 --> 0:13:24.040
<v Speaker 5>off the shelf ones that the other guys are selling.

0:13:24.120 --> 0:13:26.240
<v Speaker 3>So not one god, but many, Is that the way

0:13:26.240 --> 0:13:26.880
<v Speaker 3>to think about it?

0:13:27.080 --> 0:13:29.400
<v Speaker 5>Well, I don't think they're gonna be gods, but I

0:13:29.480 --> 0:13:32.599
<v Speaker 5>mean I think I think there's this weird semi theological

0:13:32.679 --> 0:13:35.439
<v Speaker 5>thing that I think. I think you're referring to this

0:13:36.440 --> 0:13:39.120
<v Speaker 5>conversation that I had on Instagram recently, where I do

0:13:39.200 --> 0:13:41.439
<v Speaker 5>think that to some degree, if you're like an organization,

0:13:41.559 --> 0:13:43.400
<v Speaker 5>you think you're going to create like this one super

0:13:43.400 --> 0:13:46.000
<v Speaker 5>intelligence that does have this feel to me of like

0:13:46.200 --> 0:13:49.400
<v Speaker 5>people trying to create a god. And that's just I

0:13:49.840 --> 0:13:51.720
<v Speaker 5>find that both the wrong way to look at it,

0:13:51.760 --> 0:13:55.240
<v Speaker 5>but just also very unappealing. I would rather create a world,

0:13:55.960 --> 0:13:57.720
<v Speaker 5>or help people create a world where there can just

0:13:57.760 --> 0:14:02.440
<v Speaker 5>be like a lot of different diferent people and services

0:14:02.440 --> 0:14:04.199
<v Speaker 5>that you interact with. So, you know, one of the

0:14:04.280 --> 0:14:07.160
<v Speaker 5>things that I'm excited about is making it so that,

0:14:07.240 --> 0:14:09.640
<v Speaker 5>like you know, there's almost two hundred million creators on

0:14:09.679 --> 0:14:12.520
<v Speaker 5>our platforms, they all are trying to build their community.

0:14:12.559 --> 0:14:14.360
<v Speaker 5>People want to interact with them, there aren't enough hours

0:14:14.360 --> 0:14:15.760
<v Speaker 5>in the day, Like, I want to make it so

0:14:15.800 --> 0:14:18.120
<v Speaker 5>that every single one of them can easily train like

0:14:18.160 --> 0:14:20.920
<v Speaker 5>an AI version of themselves.

0:14:20.640 --> 0:14:22.040
<v Speaker 2>That they can make it what they want.

0:14:22.080 --> 0:14:24.880
<v Speaker 5>So it's almost like a kind of artistic artifact that

0:14:24.920 --> 0:14:27.240
<v Speaker 5>they're putting out there for their community that allows their

0:14:27.280 --> 0:14:29.640
<v Speaker 5>community and interact with them, but also gives them control

0:14:29.680 --> 0:14:31.400
<v Speaker 5>over how that interaction happens.

0:14:31.920 --> 0:14:33.160
<v Speaker 2>And I think that that's going to be great, and

0:14:33.200 --> 0:14:33.640
<v Speaker 2>there's going to.

0:14:33.640 --> 0:14:35.720
<v Speaker 5>Be millions there are, you know, eventually hundreds of millions

0:14:35.760 --> 0:14:39.400
<v Speaker 5>of those simple businesses. There's hundreds of millions of small

0:14:39.400 --> 0:14:42.600
<v Speaker 5>businesses on our platforms, and I want to make it

0:14:42.640 --> 0:14:46.080
<v Speaker 5>so that any small business can just very easily pull

0:14:46.080 --> 0:14:48.440
<v Speaker 5>in all their information from social media and their business

0:14:48.440 --> 0:14:51.800
<v Speaker 5>catalog and get an agent that can help their customers

0:14:51.800 --> 0:14:54.520
<v Speaker 5>with customer support and can help them with sales and

0:14:54.920 --> 0:14:57.800
<v Speaker 5>can recommend new products. And I think that just like

0:14:58.000 --> 0:15:01.160
<v Speaker 5>today every business has a web site and email address

0:15:01.160 --> 0:15:03.000
<v Speaker 5>and social media accounts, I think in the future every

0:15:03.000 --> 0:15:05.000
<v Speaker 5>business is going to have an AI business agent too,

0:15:05.040 --> 0:15:06.560
<v Speaker 5>and I think that's going to be great. So I

0:15:06.560 --> 0:15:09.000
<v Speaker 5>don't think that there's just like one AI use case,

0:15:09.040 --> 0:15:11.080
<v Speaker 5>which is what we're trying to do. I think what

0:15:11.080 --> 0:15:13.840
<v Speaker 5>we're trying to help enable the whole community to do

0:15:13.920 --> 0:15:16.320
<v Speaker 5>is create all these different ais for all these things

0:15:16.320 --> 0:15:18.440
<v Speaker 5>that people want to do. And that's kind of how

0:15:18.480 --> 0:15:19.840
<v Speaker 5>I think the sense of being a good thing for

0:15:19.880 --> 0:15:20.240
<v Speaker 5>the world.

0:15:20.720 --> 0:15:24.000
<v Speaker 4>Some people don't see your AIS so open. So how

0:15:24.040 --> 0:15:24.960
<v Speaker 4>open are we talking?

0:15:25.000 --> 0:15:25.280
<v Speaker 2>Really?

0:15:25.520 --> 0:15:27.400
<v Speaker 4>Will you show us how the model was built or

0:15:27.400 --> 0:15:28.680
<v Speaker 4>what data you've trained on it?

0:15:29.320 --> 0:15:31.560
<v Speaker 5>The model has open weights, so you can take the

0:15:31.560 --> 0:15:34.080
<v Speaker 5>weights and you can modify them, and you can see

0:15:34.080 --> 0:15:36.280
<v Speaker 5>how it's built, and you can see the architecture and

0:15:36.320 --> 0:15:39.000
<v Speaker 5>all that. I'm not aware of anyone else doing more

0:15:39.080 --> 0:15:41.600
<v Speaker 5>open work than this. The data question, I think is

0:15:41.640 --> 0:15:44.240
<v Speaker 5>a kind of sensitive and important one. I mean, there

0:15:44.280 --> 0:15:46.040
<v Speaker 5>is this question in science where people want to be

0:15:46.040 --> 0:15:48.640
<v Speaker 5>able to reproduce science experiments, and I think some people

0:15:48.680 --> 0:15:50.080
<v Speaker 5>would like to be able to do that here. The

0:15:50.120 --> 0:15:52.840
<v Speaker 5>reality is, you know, it also costs for the LAMA

0:15:52.880 --> 0:15:55.800
<v Speaker 5>three model at least hundreds of millions of dollars of compute,

0:15:55.800 --> 0:15:57.800
<v Speaker 5>and going forward it's going to be billions and many

0:15:57.800 --> 0:16:00.680
<v Speaker 5>billions of dollars of compute. So is it reason or

0:16:00.720 --> 0:16:02.240
<v Speaker 5>is anyone actually going to be able to reproduce it.

0:16:02.280 --> 0:16:02.840
<v Speaker 2>I'm not sure.

0:16:03.040 --> 0:16:05.200
<v Speaker 5>I don't think that that's like as important of a

0:16:05.240 --> 0:16:08.480
<v Speaker 5>thing to push on and for data, I think that

0:16:08.920 --> 0:16:11.680
<v Speaker 5>even though it's open, but we are designing this also

0:16:11.800 --> 0:16:14.200
<v Speaker 5>for ourselves and we want to make sure that this

0:16:14.320 --> 0:16:17.040
<v Speaker 5>works well. And we do work with different organizations to

0:16:17.120 --> 0:16:19.440
<v Speaker 5>license data in different ways, and some.

0:16:19.400 --> 0:16:21.080
<v Speaker 2>Of those sources are proprietary.

0:16:21.120 --> 0:16:23.040
<v Speaker 5>Even if the data is public, you know, you don't

0:16:23.040 --> 0:16:25.880
<v Speaker 5>necessarily have the kind of right out of the gate

0:16:26.120 --> 0:16:27.800
<v Speaker 5>to be able to train on it. You sometimes have

0:16:27.840 --> 0:16:31.160
<v Speaker 5>to go make deals, and so we can't just go

0:16:31.280 --> 0:16:34.360
<v Speaker 5>ship all the data even if it's public data that

0:16:34.480 --> 0:16:38.280
<v Speaker 5>we've used to train on. And sometimes it's not even

0:16:38.360 --> 0:16:41.520
<v Speaker 5>clear that it's the right thing to disclose or tell

0:16:41.560 --> 0:16:44.520
<v Speaker 5>people what data we've trained on. So yeah, I mean

0:16:44.720 --> 0:16:46.280
<v Speaker 5>I get the point on that. You know that you

0:16:46.320 --> 0:16:49.520
<v Speaker 5>can always take what you're doing and make it more

0:16:49.560 --> 0:16:52.080
<v Speaker 5>open and even more extreme way. But look, I mean,

0:16:52.080 --> 0:16:54.440
<v Speaker 5>I think what we're doing is state of the art

0:16:54.640 --> 0:16:56.960
<v Speaker 5>and kind of open source a eye models. I think

0:16:57.000 --> 0:16:58.680
<v Speaker 5>for people who want to use this to build stuff,

0:16:58.680 --> 0:16:59.800
<v Speaker 5>I think that they're pretty happy with.

0:16:59.800 --> 0:17:00.160
<v Speaker 2>What we do.

0:17:00.440 --> 0:17:03.160
<v Speaker 4>You are using Facebook and Instagram data right as a

0:17:03.200 --> 0:17:06.000
<v Speaker 4>public data, public data as I understand it, and is

0:17:06.040 --> 0:17:09.720
<v Speaker 4>that does that give you an advantage versus other models,

0:17:09.760 --> 0:17:12.679
<v Speaker 4>and should those users get something in return for their

0:17:12.720 --> 0:17:13.600
<v Speaker 4>data being used.

0:17:14.200 --> 0:17:16.320
<v Speaker 5>I actually think I'm not sure how much it's an

0:17:16.359 --> 0:17:18.160
<v Speaker 5>advantage because a lot of the public data on those

0:17:18.200 --> 0:17:20.840
<v Speaker 5>services we allow to be indexed and search engines, So

0:17:20.880 --> 0:17:24.159
<v Speaker 5>I think Google and others actually have the ability to

0:17:24.280 --> 0:17:24.800
<v Speaker 5>use a lot of.

0:17:24.800 --> 0:17:26.520
<v Speaker 2>That data too. In some way.

0:17:26.560 --> 0:17:28.960
<v Speaker 5>If we didn't use the data, we might actually be

0:17:29.000 --> 0:17:31.960
<v Speaker 5>at a disadvantage because if it were in like Google Search,

0:17:32.000 --> 0:17:34.560
<v Speaker 5>and we somehow couldn't use it because we were saying, Okay,

0:17:34.560 --> 0:17:36.840
<v Speaker 5>we're not going to use data from our services even

0:17:36.880 --> 0:17:38.720
<v Speaker 5>if it's public, but Google can use it because it's

0:17:38.720 --> 0:17:39.560
<v Speaker 5>not from their services.

0:17:39.560 --> 0:17:40.800
<v Speaker 2>It like kind of doesn't make sense.

0:17:41.440 --> 0:17:45.480
<v Speaker 5>But I do think that overall, there's code and technology

0:17:45.480 --> 0:17:48.399
<v Speaker 5>that you develop, there's compute to train the models on,

0:17:48.840 --> 0:17:50.720
<v Speaker 5>and there's what your data mix is, and those are

0:17:50.800 --> 0:17:53.480
<v Speaker 5>probably some of the biggest pieces that contribute to the

0:17:53.640 --> 0:17:56.240
<v Speaker 5>end quality of the model. So we try to innovate

0:17:56.280 --> 0:17:58.359
<v Speaker 5>on all of those, and we want to build the

0:17:58.400 --> 0:18:00.720
<v Speaker 5>best thing because it's the foundation that we use for

0:18:00.760 --> 0:18:02.760
<v Speaker 5>our products. But we also want to build the best

0:18:02.760 --> 0:18:04.920
<v Speaker 5>thing because we want it to become the open source

0:18:05.000 --> 0:18:07.160
<v Speaker 5>standard that then other people adopt and then it makes

0:18:07.160 --> 0:18:09.560
<v Speaker 5>it even better, which helps us serve the people that

0:18:09.600 --> 0:18:10.840
<v Speaker 5>we're trying to build for as well.

0:18:11.240 --> 0:18:13.480
<v Speaker 4>So let's get into the broader strategy and how this

0:18:13.640 --> 0:18:16.399
<v Speaker 4>is all going to work, Like, will we have AI

0:18:16.520 --> 0:18:22.000
<v Speaker 4>generated influencers with AI generated captions and avatars talking to avatars?

0:18:22.119 --> 0:18:23.440
<v Speaker 2>Yeah, I think we'll have all of it.

0:18:23.560 --> 0:18:27.399
<v Speaker 4>What and like, how do you want to create the

0:18:27.440 --> 0:18:29.480
<v Speaker 4>first AI generated social network?

0:18:30.040 --> 0:18:31.840
<v Speaker 5>Well, I think that that will be part of this,

0:18:31.920 --> 0:18:33.360
<v Speaker 5>but it's not going to be the only thing. I mean,

0:18:33.400 --> 0:18:35.399
<v Speaker 5>it's people come to our services because they want to

0:18:35.400 --> 0:18:37.800
<v Speaker 5>connect with people. But you know, actually, one of the

0:18:37.840 --> 0:18:40.840
<v Speaker 5>most interesting use cases that people have for medai today,

0:18:40.840 --> 0:18:43.560
<v Speaker 5>it's like in the top four use cases is role

0:18:43.560 --> 0:18:46.439
<v Speaker 5>playing difficult social interactions that they're going to have.

0:18:46.760 --> 0:18:47.920
<v Speaker 2>So whether it's in a.

0:18:47.800 --> 0:18:50.720
<v Speaker 5>Professional context like okay, you want to ask your manager

0:18:50.800 --> 0:18:53.280
<v Speaker 5>for a raise, or like I'm having this hard conversation

0:18:53.320 --> 0:18:54.880
<v Speaker 5>with my girlfriend or my friend, they.

0:18:54.840 --> 0:18:57.119
<v Speaker 3>Could have role played this conversation with you today.

0:18:57.400 --> 0:18:59.679
<v Speaker 5>I mean, like, hopefully it's not stressful for you, but

0:18:59.720 --> 0:19:04.919
<v Speaker 5>it's But yeah, I mean I think that that's like

0:19:04.960 --> 0:19:08.000
<v Speaker 5>it's a clear social tool where there's there's no judgment. Right,

0:19:08.040 --> 0:19:10.920
<v Speaker 5>the AI isn't sitting there, there's no like social repercussion

0:19:11.000 --> 0:19:11.800
<v Speaker 5>for what you ask it.

0:19:12.320 --> 0:19:14.480
<v Speaker 4>But what evidence do you have that people want to

0:19:14.520 --> 0:19:17.480
<v Speaker 4>live in this virtual world and socialize with avatars or

0:19:17.520 --> 0:19:19.000
<v Speaker 4>that it's actually good for us?

0:19:19.320 --> 0:19:21.280
<v Speaker 5>Well, I think that people want to connect with each other.

0:19:21.520 --> 0:19:23.800
<v Speaker 5>I actually think like all the other stuff is generally noise,

0:19:24.240 --> 0:19:26.960
<v Speaker 5>but all the technology allows you to do that in

0:19:27.000 --> 0:19:28.800
<v Speaker 5>a better and better way. Right when I got started

0:19:28.800 --> 0:19:32.280
<v Speaker 5>with Facebook, it was mostly text, and then this whole

0:19:32.320 --> 0:19:35.160
<v Speaker 5>there's been this whole kind of like technological evolution where

0:19:35.200 --> 0:19:40.240
<v Speaker 5>we got smartphones that we could primarily be taking photos,

0:19:40.320 --> 0:19:42.720
<v Speaker 5>and then the mobile network's got good, so then you

0:19:42.760 --> 0:19:45.080
<v Speaker 5>could be kind of sharing video and videos a lot

0:19:45.160 --> 0:19:47.800
<v Speaker 5>richer and consuming videos a better experience. So I just

0:19:47.840 --> 0:19:49.160
<v Speaker 5>don't think that's the end of the line. I think

0:19:49.160 --> 0:19:52.160
<v Speaker 5>it gets more immersive. And that's one of the reasons

0:19:52.200 --> 0:19:55.080
<v Speaker 5>why I'm so convinced that ar glasses by the time

0:19:55.080 --> 0:19:57.320
<v Speaker 5>you just get to like normal stylish glasses where you

0:19:57.359 --> 0:19:58.840
<v Speaker 5>can have a sense of presence.

0:19:58.840 --> 0:19:59.960
<v Speaker 2>I mean, I think within.

0:20:00.000 --> 0:20:01.639
<v Speaker 5>Five years we're going to be at a point where

0:20:01.800 --> 0:20:04.760
<v Speaker 5>we could be having this conversation and like I could

0:20:04.840 --> 0:20:07.439
<v Speaker 5>just be like a full kind of three D avatar here,

0:20:07.440 --> 0:20:09.520
<v Speaker 5>and it would feel like a much more realistic sense

0:20:09.560 --> 0:20:12.720
<v Speaker 5>of presence than just talking to each other over a

0:20:12.800 --> 0:20:13.560
<v Speaker 5>zoom screen or.

0:20:13.560 --> 0:20:15.440
<v Speaker 2>Something like that. That's what it's about, though.

0:20:15.440 --> 0:20:19.040
<v Speaker 5>I think people want to connect, and we're basically building

0:20:19.320 --> 0:20:21.879
<v Speaker 5>all the different technology that allows people to do that.

0:20:22.440 --> 0:20:24.960
<v Speaker 4>You renamed your company meta, You're still pouring billions of

0:20:25.040 --> 0:20:26.160
<v Speaker 4>dollars into the metaverse.

0:20:26.440 --> 0:20:28.280
<v Speaker 3>Are we as far along as you thought we'd be

0:20:28.920 --> 0:20:31.639
<v Speaker 3>a few years down the line? Are there any lessons

0:20:31.680 --> 0:20:34.000
<v Speaker 3>in the urgency of the pivot?

0:20:34.440 --> 0:20:34.720
<v Speaker 2>Well?

0:20:35.280 --> 0:20:37.199
<v Speaker 5>A lot of the reason why I did that is

0:20:37.240 --> 0:20:41.840
<v Speaker 5>because I think we were getting pigeonholed as just this

0:20:41.960 --> 0:20:44.399
<v Speaker 5>like social media app company, right, And that was like

0:20:44.480 --> 0:20:45.359
<v Speaker 5>so ingrained, right.

0:20:45.480 --> 0:20:46.560
<v Speaker 2>So we were called Facebook.

0:20:46.600 --> 0:20:48.639
<v Speaker 5>Facebook is one of our apps, right, and the others

0:20:48.640 --> 0:20:51.600
<v Speaker 5>are just as important now. And I've never thought about

0:20:51.600 --> 0:20:54.280
<v Speaker 5>the company as a social media app company. I mean,

0:20:54.320 --> 0:20:56.359
<v Speaker 5>we didn't start as that. We weren't you know, there

0:20:56.359 --> 0:20:58.879
<v Speaker 5>weren't apps when we got started. We were a technology

0:20:58.920 --> 0:21:02.240
<v Speaker 5>company that is to help people connect and kind of

0:21:02.240 --> 0:21:06.560
<v Speaker 5>to build the future of human connection. And I thought

0:21:06.560 --> 0:21:11.320
<v Speaker 5>that the rebrand around meta both was healthy because.

0:21:11.040 --> 0:21:12.679
<v Speaker 2>We just have more products at this point than just

0:21:12.720 --> 0:21:14.840
<v Speaker 2>Facebook and two.

0:21:14.920 --> 0:21:18.359
<v Speaker 5>It kind of re anchored people's thinking about the company

0:21:18.359 --> 0:21:20.440
<v Speaker 5>in terms of, oh, this is a company that's developing

0:21:20.680 --> 0:21:24.040
<v Speaker 5>kind of longer term technology around people connecting, which is

0:21:24.080 --> 0:21:26.040
<v Speaker 5>really how I think about what we should be doing.

0:21:26.440 --> 0:21:28.359
<v Speaker 5>And when you're trying to push something in a direction,

0:21:28.400 --> 0:21:30.960
<v Speaker 5>it's helpful for people both inside the company and outside

0:21:30.960 --> 0:21:32.480
<v Speaker 5>to think about it in terms of what you're actually

0:21:32.480 --> 0:21:34.479
<v Speaker 5>trying to do. So I've been very happy with how

0:21:34.520 --> 0:21:36.920
<v Speaker 5>that's gone. The metaverse thing was always going to be

0:21:36.960 --> 0:21:38.560
<v Speaker 5>a very long term thing. I think some things have

0:21:38.640 --> 0:21:42.879
<v Speaker 5>gone better than I thought. Some have gone slower. The glasses,

0:21:43.000 --> 0:21:44.919
<v Speaker 5>I think is probably the best example of something that

0:21:44.960 --> 0:21:47.720
<v Speaker 5>is going better. I would have thought a few years

0:21:47.760 --> 0:21:51.720
<v Speaker 5>ago that ar glasses wouldn't really be a mainstream thing

0:21:52.280 --> 0:21:55.199
<v Speaker 5>until we got kind of these full holographic displays, like

0:21:55.320 --> 0:21:57.600
<v Speaker 5>I think the type of stuff that you've been able

0:21:57.600 --> 0:22:00.520
<v Speaker 5>to see. It's been one of the most positive surprises

0:22:00.600 --> 0:22:02.920
<v Speaker 5>that the collaboration that we have with ray Band, it's

0:22:02.960 --> 0:22:05.720
<v Speaker 5>going extremely well, and I think part of it is

0:22:06.320 --> 0:22:09.159
<v Speaker 5>they're stylish, they're good glasses. Part of it is that

0:22:09.200 --> 0:22:11.359
<v Speaker 5>it's a great form factor for AI. We didn't know

0:22:11.400 --> 0:22:12.600
<v Speaker 5>that AI was going to be a thing when we

0:22:12.640 --> 0:22:14.720
<v Speaker 5>started working on that project, or I mean, we thought

0:22:14.760 --> 0:22:15.960
<v Speaker 5>it was going to be a thing like ten years

0:22:15.960 --> 0:22:17.800
<v Speaker 5>from now. But if you asked me five years ago,

0:22:18.240 --> 0:22:20.440
<v Speaker 5>I would have guessed that AR would come before AI,

0:22:20.640 --> 0:22:22.920
<v Speaker 5>not the other direction. So some of this is just

0:22:22.960 --> 0:22:24.879
<v Speaker 5>about kind of setting yourselves up to ride the different

0:22:24.920 --> 0:22:25.840
<v Speaker 5>waves when they come in.

0:22:26.400 --> 0:22:28.639
<v Speaker 4>I've gotten to try out a bunch of your future

0:22:28.680 --> 0:22:32.320
<v Speaker 4>facing technology here with Quest with the ray band, metas

0:22:32.400 --> 0:22:35.560
<v Speaker 4>with O Ryan. How big an opportunity do you see

0:22:35.600 --> 0:22:38.640
<v Speaker 4>to own your own operating system? And down the line

0:22:38.640 --> 0:22:40.879
<v Speaker 4>do you see your reshuffling of the power relationships in

0:22:40.920 --> 0:22:41.960
<v Speaker 4>the tech industry Now.

0:22:42.560 --> 0:22:45.720
<v Speaker 5>I don't always think about things primarily from a business perspective.

0:22:45.760 --> 0:22:48.119
<v Speaker 5>I mean, I like building stuff. What I've found is

0:22:48.160 --> 0:22:52.239
<v Speaker 5>that if you build good things, then eventually you were

0:22:52.280 --> 0:22:55.280
<v Speaker 5>able to build successful products and businesses around it, even

0:22:55.320 --> 0:22:59.159
<v Speaker 5>if it takes a while. And one of my lessons

0:22:59.200 --> 0:23:01.560
<v Speaker 5>for the last ten years is just building apps that

0:23:01.600 --> 0:23:05.280
<v Speaker 5>we ship through our competitors' mobile platforms. I just think

0:23:05.320 --> 0:23:07.760
<v Speaker 5>we're going to be freed up to be more creative

0:23:07.880 --> 0:23:10.280
<v Speaker 5>and build better stuff if we can control more of

0:23:10.320 --> 0:23:12.600
<v Speaker 5>the core technology. So I mean, look, we're not going

0:23:12.680 --> 0:23:15.600
<v Speaker 5>to be the only kind of operating system and augmented

0:23:15.600 --> 0:23:18.040
<v Speaker 5>in virtual reality. There will be others. We're not going

0:23:18.080 --> 0:23:20.080
<v Speaker 5>to be the only AI system. There will be others.

0:23:20.520 --> 0:23:22.760
<v Speaker 5>But I don't necessarily think about it as trying to

0:23:22.800 --> 0:23:25.359
<v Speaker 5>shuffle the industry. I just want to be able to

0:23:25.400 --> 0:23:28.400
<v Speaker 5>build good things, and I think that like not being

0:23:28.440 --> 0:23:30.639
<v Speaker 5>dependent on competitors that are trying to put you in

0:23:30.640 --> 0:23:33.239
<v Speaker 5>a box, is an important part of doing that.

0:23:33.320 --> 0:23:34.640
<v Speaker 2>But it's also a luxury, right.

0:23:34.640 --> 0:23:36.280
<v Speaker 5>It's like when I was a startup, where we were

0:23:36.280 --> 0:23:38.679
<v Speaker 5>a startup, like you don't necessarily have the resources to

0:23:38.720 --> 0:23:41.479
<v Speaker 5>go invest tens of billions of dollars in building out

0:23:41.520 --> 0:23:44.879
<v Speaker 5>these technologies. But you know, now we're here and we

0:23:44.920 --> 0:23:47.960
<v Speaker 5>have a successful business and we can do this innovation.

0:23:48.160 --> 0:23:49.760
<v Speaker 5>And it's just one of the things that I want

0:23:49.760 --> 0:23:51.040
<v Speaker 5>to do. I don't want us to just like rest

0:23:51.040 --> 0:23:54.200
<v Speaker 5>on our laurels and maximize our profits in the near term.

0:23:54.200 --> 0:23:56.919
<v Speaker 5>I want to pour all the profits and success that

0:23:56.960 --> 0:24:00.240
<v Speaker 5>we have into building the next generation of things, to

0:24:00.240 --> 0:24:03.000
<v Speaker 5>do it in an open way. I think one analogy

0:24:03.400 --> 0:24:07.239
<v Speaker 5>that people misread from history is there have always been

0:24:07.280 --> 0:24:10.719
<v Speaker 5>multiple operating systems. Right with PC, it was Windows and Apple,

0:24:10.960 --> 0:24:14.760
<v Speaker 5>and Windows was the open one back then, and it won,

0:24:15.400 --> 0:24:16.960
<v Speaker 5>right So I think that a lot of people now

0:24:17.240 --> 0:24:20.040
<v Speaker 5>have this massive recency bias and they think you just

0:24:20.080 --> 0:24:22.720
<v Speaker 5>have the iPhone Android analogy in your head and you're like, oh, like,

0:24:22.760 --> 0:24:25.080
<v Speaker 5>well Apple won that. It's like, yeah, they won this

0:24:25.200 --> 0:24:29.280
<v Speaker 5>generation of computing. But it's not always that way. For PCs,

0:24:29.320 --> 0:24:32.840
<v Speaker 5>the open one was actually the primary platform. And part

0:24:32.840 --> 0:24:35.199
<v Speaker 5>of my goal is to make it so that for

0:24:35.440 --> 0:24:38.600
<v Speaker 5>the next generation of platforms, whether it's AR glasses or

0:24:38.640 --> 0:24:42.399
<v Speaker 5>mixed reality headsets or AI systems, it's not just that

0:24:42.440 --> 0:24:44.680
<v Speaker 5>there should be an open platform. I think the open

0:24:44.680 --> 0:24:47.439
<v Speaker 5>platform can actually be the best one, and I think

0:24:47.480 --> 0:24:49.560
<v Speaker 5>that that's kind of a cool thing for the industry.

0:24:50.119 --> 0:24:53.360
<v Speaker 4>Sakoya calls AI the six hundred billion dollar question. There's

0:24:53.359 --> 0:24:56.560
<v Speaker 4>allays investment in chips and the infrastructure and the data centers,

0:24:57.040 --> 0:24:58.640
<v Speaker 4>but when does it start paying off?

0:24:58.880 --> 0:25:02.919
<v Speaker 3>Like is it a bubble? And well, if not, like,

0:25:03.000 --> 0:25:04.439
<v Speaker 3>when do you start seeing the money.

0:25:04.680 --> 0:25:07.199
<v Speaker 5>I think bubbles are interesting because a lot of the

0:25:07.200 --> 0:25:10.360
<v Speaker 5>bubbles ended up being things that were very valuable over time,

0:25:10.400 --> 0:25:12.000
<v Speaker 5>and it's just more of a question of timing, like

0:25:12.040 --> 0:25:14.480
<v Speaker 5>you're asking, right. Even the dot com bubble, it's like

0:25:14.520 --> 0:25:16.520
<v Speaker 5>there's all this fiber laid and it ended up being

0:25:16.560 --> 0:25:19.480
<v Speaker 5>super valuable, but it just wasn't as valuable as quickly

0:25:19.480 --> 0:25:20.200
<v Speaker 5>as people thought.

0:25:20.280 --> 0:25:22.399
<v Speaker 2>So is that going to happen here? I don't know.

0:25:22.440 --> 0:25:24.400
<v Speaker 5>I mean, it's hard to predict what's going to happen

0:25:24.440 --> 0:25:26.080
<v Speaker 5>in the next few years. I think AI is going

0:25:26.119 --> 0:25:29.159
<v Speaker 5>to be very fundamental. If the products were able to

0:25:29.240 --> 0:25:32.000
<v Speaker 5>grow massively over the next few years, which I think

0:25:32.000 --> 0:25:34.960
<v Speaker 5>there's a very good chance of, then I'd much rather

0:25:35.240 --> 0:25:39.000
<v Speaker 5>over invest in play for that outcome then just try

0:25:39.040 --> 0:25:41.560
<v Speaker 5>to say, Okay, maybe we'll save some money by developing

0:25:41.600 --> 0:25:43.879
<v Speaker 5>it a little more slowly. I think that there's a

0:25:44.040 --> 0:25:46.520
<v Speaker 5>meaningful chance that a lot of the companies are overbuilding

0:25:46.520 --> 0:25:48.920
<v Speaker 5>now and that you look back and you're like, oh,

0:25:48.960 --> 0:25:51.840
<v Speaker 5>we maybe all spent some number of billions of dollars

0:25:51.920 --> 0:25:54.320
<v Speaker 5>more than we had to. But on the flip side,

0:25:54.440 --> 0:25:56.320
<v Speaker 5>I actually think all the companies that are investing are

0:25:56.320 --> 0:26:00.439
<v Speaker 5>making a rational decision, because the downside of being is

0:26:00.440 --> 0:26:03.080
<v Speaker 5>that you're out of position for the most important technology

0:26:03.119 --> 0:26:07.720
<v Speaker 5>for the next ten to fifteen years, whereas if you overinvest,

0:26:07.760 --> 0:26:11.200
<v Speaker 5>then you're probably just losing some amount of money that's

0:26:11.560 --> 0:26:14.320
<v Speaker 5>for these companies generally an affordable amount of money that

0:26:14.359 --> 0:26:17.480
<v Speaker 5>they can lose for something that's just a really important prize.

0:26:17.520 --> 0:26:21.760
<v Speaker 4>So with this economy, does the year of efficiency continue

0:26:21.840 --> 0:26:24.560
<v Speaker 4>into the AI era? Are we talking years of efficiency

0:26:24.880 --> 0:26:26.080
<v Speaker 4>or has it belt loosened?

0:26:26.840 --> 0:26:30.000
<v Speaker 5>Well, I'm really glad that we did all the efficiency

0:26:30.040 --> 0:26:33.320
<v Speaker 5>push because I think that that basically created enough capital

0:26:33.359 --> 0:26:36.840
<v Speaker 5>for us to go invest in massive amounts of infrastructure.

0:26:36.840 --> 0:26:39.160
<v Speaker 5>And I think going forward, I would guess that most

0:26:39.200 --> 0:26:41.560
<v Speaker 5>of the investment that we make is going to be

0:26:41.920 --> 0:26:45.919
<v Speaker 5>building out AI compute rather than massively growing the number of.

0:26:45.880 --> 0:26:46.679
<v Speaker 2>People at the company.

0:26:46.720 --> 0:26:48.919
<v Speaker 5>We are growing, We're going to hire more people, but

0:26:49.000 --> 0:26:51.720
<v Speaker 5>I think at this point the biggest part of the

0:26:52.080 --> 0:26:55.160
<v Speaker 5>new investment that we're making is in building these kind

0:26:55.160 --> 0:26:58.800
<v Speaker 5>of giant AI superclusters to train the future AIS.

0:26:59.480 --> 0:27:00.359
<v Speaker 2>So it was.

0:27:00.359 --> 0:27:02.480
<v Speaker 5>An interesting thing for like the first almost twenty years

0:27:02.480 --> 0:27:04.919
<v Speaker 5>of the company that it was just like growing quickly

0:27:04.960 --> 0:27:08.439
<v Speaker 5>in people every year, and I think it's pretty healthy

0:27:08.480 --> 0:27:11.359
<v Speaker 5>to focus on efficiency around that. But yeah, I'm definitely

0:27:11.359 --> 0:27:14.440
<v Speaker 5>glad that we kind of gave ourselves the flexibility.

0:27:13.840 --> 0:27:14.520
<v Speaker 2>To build this.

0:27:14.840 --> 0:27:17.800
<v Speaker 4>You said your goal is getting to artificial general intelligence

0:27:18.359 --> 0:27:21.960
<v Speaker 4>or AGI. How do you define AGI and do you

0:27:22.000 --> 0:27:22.600
<v Speaker 4>get there first?

0:27:22.760 --> 0:27:23.480
<v Speaker 2>That's a good question.

0:27:23.880 --> 0:27:25.960
<v Speaker 5>I'm not sure we can answer the second question about

0:27:26.000 --> 0:27:29.000
<v Speaker 5>who gets there first, but actually maybe maybe we'll start there.

0:27:29.040 --> 0:27:31.840
<v Speaker 5>I do think open sources gaining ground pretty quickly. If

0:27:31.880 --> 0:27:34.159
<v Speaker 5>you look at LAMA two last year, we were like

0:27:34.200 --> 0:27:38.040
<v Speaker 5>a whole generation behind the frontier, and for LAMA three,

0:27:38.480 --> 0:27:40.720
<v Speaker 5>we're basically competitive with the state of the art models

0:27:40.760 --> 0:27:42.280
<v Speaker 5>LAMA three and the LAMA three.

0:27:42.160 --> 0:27:44.040
<v Speaker 2>Point one release that we're putting out now.

0:27:44.240 --> 0:27:47.200
<v Speaker 5>We're basically already starting to work on LAMA four, and

0:27:47.640 --> 0:27:49.840
<v Speaker 5>our goal is to completely close the gap with all

0:27:49.840 --> 0:27:51.399
<v Speaker 5>the others on that. So I don't know, I mean,

0:27:51.480 --> 0:27:52.919
<v Speaker 5>do we get to AGI first? I mean, I think

0:27:52.920 --> 0:27:54.800
<v Speaker 5>that there will probably be some breakthroughs between now and then.

0:27:54.840 --> 0:27:57.399
<v Speaker 5>It's hard to just predict in a straight line, but

0:27:57.520 --> 0:28:00.520
<v Speaker 5>we're certainly putting together a world class effort and we're

0:28:00.600 --> 0:28:01.280
<v Speaker 5>focused on it.

0:28:01.560 --> 0:28:03.159
<v Speaker 2>Then you get to the more complicated question, which is

0:28:03.160 --> 0:28:03.679
<v Speaker 2>like what is it.

0:28:04.040 --> 0:28:07.040
<v Speaker 5>I don't know that there's one specific definition for this

0:28:07.560 --> 0:28:10.840
<v Speaker 5>because I think intelligence is multivariant, right, It's not like

0:28:11.040 --> 0:28:14.879
<v Speaker 5>there's one number that is your intelligence. I think of

0:28:14.920 --> 0:28:19.560
<v Speaker 5>AGI is intelligence has different kind of capabilities, Right, So

0:28:20.040 --> 0:28:23.520
<v Speaker 5>the first set of models could reason over text, and

0:28:23.560 --> 0:28:25.960
<v Speaker 5>then you added in the ability to do photos, and

0:28:26.000 --> 0:28:29.240
<v Speaker 5>now you're adding in the ability to do videos, to

0:28:29.320 --> 0:28:32.520
<v Speaker 5>understand videos and produce videos, and then you're making that

0:28:32.600 --> 0:28:34.720
<v Speaker 5>it works well with audio. I think the ability to

0:28:34.760 --> 0:28:37.919
<v Speaker 5>reason and be able to produce three D worlds and

0:28:37.960 --> 0:28:40.680
<v Speaker 5>three D content is going to be really important. I

0:28:40.760 --> 0:28:42.600
<v Speaker 5>care a lot, and our company cares a lot about

0:28:42.600 --> 0:28:44.600
<v Speaker 5>people interacting with each other. So like when you think

0:28:44.600 --> 0:28:46.800
<v Speaker 5>about the human brain, there's like whole parts of it

0:28:47.040 --> 0:28:50.080
<v Speaker 5>that are just focused on basically like reading people's expressions.

0:28:50.400 --> 0:28:52.640
<v Speaker 5>It's like if you move your eyebrow a millimeter, it

0:28:52.920 --> 0:28:54.640
<v Speaker 5>means something. It's like I could pick that up, whereas

0:28:54.680 --> 0:28:57.040
<v Speaker 5>if something moves over there in the corner a millimeter,

0:28:57.080 --> 0:28:59.880
<v Speaker 5>I'm not going to notice it. There's probably a specific

0:29:00.200 --> 0:29:03.080
<v Speaker 5>aspect of intelligence or modality which is like reading people's

0:29:03.120 --> 0:29:05.640
<v Speaker 5>faces and emotions, and that's something that I care about,

0:29:05.640 --> 0:29:07.000
<v Speaker 5>so I think we'll probably try to build that in

0:29:07.040 --> 0:29:09.040
<v Speaker 5>at some point. So I don't know if it's just

0:29:09.080 --> 0:29:13.560
<v Speaker 5>like increasing the amount of knowledge or some like IQ score.

0:29:13.560 --> 0:29:16.160
<v Speaker 5>It's kind of layering in all these different things, which

0:29:16.200 --> 0:29:18.880
<v Speaker 5>is why it's a little bit hard to say who

0:29:18.880 --> 0:29:21.840
<v Speaker 5>gets their first because I actually think over time, different

0:29:21.880 --> 0:29:23.680
<v Speaker 5>companies might optimize for different things.

0:29:23.840 --> 0:29:26.920
<v Speaker 4>I know, you've always been fascinated by China and you

0:29:27.000 --> 0:29:29.920
<v Speaker 4>learn to speak Mandarin, and what do you know about

0:29:29.960 --> 0:29:32.640
<v Speaker 4>where China is on AI and AGI?

0:29:33.160 --> 0:29:36.000
<v Speaker 5>I don't personally know a ton. I know on open

0:29:36.200 --> 0:29:39.400
<v Speaker 5>source they're leading models. You know, LAMA three point one

0:29:39.840 --> 0:29:43.000
<v Speaker 5>is well ahead of that. The kind of leading Chinese

0:29:43.080 --> 0:29:47.920
<v Speaker 5>model before was right at the level of the previous

0:29:47.960 --> 0:29:50.960
<v Speaker 5>seventy billion parameter model. But there's been no Chinese version

0:29:51.040 --> 0:29:53.840
<v Speaker 5>that's anywhere near the frontier, like a four hundred billion

0:29:53.840 --> 0:29:56.400
<v Speaker 5>parameter model, and the LAMA three point one seventy billion

0:29:56.640 --> 0:29:57.640
<v Speaker 5>is ahead of where they are.

0:29:57.720 --> 0:30:00.280
<v Speaker 2>So I feel good about that. I don't know.

0:30:00.320 --> 0:30:02.120
<v Speaker 5>I think that's going to be one of the interesting

0:30:02.360 --> 0:30:05.880
<v Speaker 5>questions over time. You know, geopolitically, when you think about

0:30:05.920 --> 0:30:09.000
<v Speaker 5>the rivalry, there's this question which is how should the

0:30:09.080 --> 0:30:13.000
<v Speaker 5>US approach kind of AI competition with China. And there's

0:30:13.040 --> 0:30:14.560
<v Speaker 5>one strain of thought which is like, okay, well, we

0:30:14.600 --> 0:30:17.000
<v Speaker 5>need to like lock it all down and I just

0:30:17.040 --> 0:30:19.840
<v Speaker 5>happen to think that that's really wrong because the US

0:30:19.880 --> 0:30:23.440
<v Speaker 5>thrives on open and decentralized innovation. I mean, that's the

0:30:23.440 --> 0:30:26.520
<v Speaker 5>way our economy works. That's like how we build awesome stuff.

0:30:27.040 --> 0:30:30.000
<v Speaker 5>So I think that locking everything down would hamstring us

0:30:30.040 --> 0:30:31.920
<v Speaker 5>and make us more likely to not be the leaders.

0:30:32.520 --> 0:30:35.440
<v Speaker 5>And the other question is if we do lead, what's

0:30:35.480 --> 0:30:38.120
<v Speaker 5>the chance that we're actually going to prevent them from

0:30:38.160 --> 0:30:39.680
<v Speaker 5>being able to steal it anyway.

0:30:39.680 --> 0:30:41.520
<v Speaker 2>I mean, it fits on like a thumb.

0:30:41.360 --> 0:30:44.360
<v Speaker 5>Drive or so it's I just think that that's not

0:30:44.480 --> 0:30:47.520
<v Speaker 5>a realistic way to approach it. I personally think that

0:30:47.600 --> 0:30:50.520
<v Speaker 5>the right configuration of this is open source.

0:30:50.560 --> 0:30:52.200
<v Speaker 2>I think is going to be the leading ecosystem.

0:30:52.240 --> 0:30:54.960
<v Speaker 5>It will be very robust, it will eventually be available

0:30:55.000 --> 0:30:58.080
<v Speaker 5>to everyone in the world, including China. But I think

0:30:58.080 --> 0:31:00.920
<v Speaker 5>the leading companies should work with the US government and

0:31:01.520 --> 0:31:04.240
<v Speaker 5>make sure that our national defense and things like that

0:31:04.320 --> 0:31:07.640
<v Speaker 5>have sort of a perpetual first mover advantage on the

0:31:07.720 --> 0:31:08.920
<v Speaker 5>leading technology in the world.

0:31:08.960 --> 0:31:11.320
<v Speaker 4>What do you say to the skeptics who think, you know,

0:31:11.520 --> 0:31:15.200
<v Speaker 4>this could be exploited by our rivals, criminals could get

0:31:15.240 --> 0:31:17.240
<v Speaker 4>their hands on it, Like, how do you think about

0:31:17.280 --> 0:31:17.960
<v Speaker 4>those risks.

0:31:18.360 --> 0:31:20.000
<v Speaker 5>Well, I think that there are different kinds of risks,

0:31:20.000 --> 0:31:22.240
<v Speaker 5>so you have to take them one by one. The

0:31:22.360 --> 0:31:27.200
<v Speaker 5>risk of China or a very large sophisticated state that

0:31:27.240 --> 0:31:29.640
<v Speaker 5>has a lot of resources, I think is different from

0:31:29.640 --> 0:31:32.240
<v Speaker 5>like an individual criminal who might just try to do

0:31:32.280 --> 0:31:35.080
<v Speaker 5>something bad. I think to neutralize a criminal, I mean, look,

0:31:35.760 --> 0:31:37.160
<v Speaker 5>you want to do a lot of testing up front.

0:31:37.560 --> 0:31:40.040
<v Speaker 5>We do all this work before we release every single

0:31:40.120 --> 0:31:42.320
<v Speaker 5>one of the models to make sure that we understand

0:31:42.360 --> 0:31:43.840
<v Speaker 5>what the risks are and that we mitigate them as

0:31:43.920 --> 0:31:45.240
<v Speaker 5>much as possible.

0:31:45.200 --> 0:31:45.960
<v Speaker 2>At the end of the day.

0:31:46.480 --> 0:31:48.920
<v Speaker 5>The way that we've approached this with social media, and

0:31:49.000 --> 0:31:51.840
<v Speaker 5>the way that I think society approaches this overall is

0:31:52.040 --> 0:31:55.280
<v Speaker 5>you have kind of better AIS or more resources to

0:31:55.320 --> 0:31:57.840
<v Speaker 5>go fight people who have less resources. So there are

0:31:57.880 --> 0:32:01.000
<v Speaker 5>all these sophisticated folks who try to do bad stuff

0:32:01.000 --> 0:32:03.480
<v Speaker 5>on the social networks, but we invest like billions of

0:32:03.480 --> 0:32:05.720
<v Speaker 5>dollars a year and have these various sophisticated systems.

0:32:05.760 --> 0:32:07.320
<v Speaker 2>So I do think that will play out with AI.

0:32:07.160 --> 0:32:11.040
<v Speaker 5>Too, which is that more sophisticated AIS with more compute

0:32:11.400 --> 0:32:14.960
<v Speaker 5>will be able to generally check less sophisticated folks, whether

0:32:14.960 --> 0:32:17.480
<v Speaker 5>they're just kind of everyday criminals or whatever trying to

0:32:17.560 --> 0:32:20.160
<v Speaker 5>use something but they have less compute.

0:32:19.800 --> 0:32:21.840
<v Speaker 3>So we win the AI wars this way.

0:32:21.960 --> 0:32:25.000
<v Speaker 5>Well, I think we're checking less sophisticated actors with less

0:32:25.040 --> 0:32:27.760
<v Speaker 5>compute that will work most of the time. Now that

0:32:27.760 --> 0:32:29.920
<v Speaker 5>doesn't mean it automatically works for everything. I think a

0:32:29.960 --> 0:32:32.120
<v Speaker 5>lot of attention needs to be paid to it. So

0:32:32.160 --> 0:32:33.960
<v Speaker 5>it's a thing that we need to focus on. But

0:32:34.160 --> 0:32:36.480
<v Speaker 5>I do think that that's how society has been stable

0:32:36.520 --> 0:32:39.720
<v Speaker 5>for hundreds of years, is you have larger forces, whether

0:32:39.760 --> 0:32:42.800
<v Speaker 5>it's polices or armies or whatever, checking kind of smaller

0:32:42.800 --> 0:32:45.640
<v Speaker 5>groups that are trying to create harm. How you deal

0:32:45.720 --> 0:32:50.680
<v Speaker 5>with the geopolitical rivals is a more complicated question, but

0:32:50.760 --> 0:32:52.800
<v Speaker 5>I think there there's the question of what can you

0:32:52.840 --> 0:32:55.280
<v Speaker 5>hope to achieve. If you're trying to say, okay, should

0:32:55.280 --> 0:32:57.600
<v Speaker 5>the US try to be five or ten years ahead

0:32:57.600 --> 0:33:00.520
<v Speaker 5>of China. I just don't know if that's a reasonable goal,

0:33:00.960 --> 0:33:03.080
<v Speaker 5>because I think China has a lot of resources and

0:33:03.120 --> 0:33:06.200
<v Speaker 5>a lot of great scientists, and they're great at espionage,

0:33:06.280 --> 0:33:07.880
<v Speaker 5>right it's like all the stuff. So I'm not sure

0:33:07.920 --> 0:33:10.360
<v Speaker 5>if you can maintain that. But what I do think

0:33:10.440 --> 0:33:14.360
<v Speaker 5>is a reasonable goal is maintaining a perpetual six month

0:33:14.640 --> 0:33:18.080
<v Speaker 5>to eight month lead by making sure that the American

0:33:18.320 --> 0:33:21.600
<v Speaker 5>company is in the American folks working on this continue

0:33:21.640 --> 0:33:24.960
<v Speaker 5>producing the best AI systems, and then having a direct

0:33:25.000 --> 0:33:27.800
<v Speaker 5>effort to try to make it so that those efforts

0:33:27.800 --> 0:33:31.400
<v Speaker 5>are integrating with the National Security establishment, so that way,

0:33:31.520 --> 0:33:34.440
<v Speaker 5>the US government has a kind of perpetual six.

0:33:34.280 --> 0:33:37.080
<v Speaker 2>Month eight month advantage on what everyone else in the

0:33:37.080 --> 0:33:37.680
<v Speaker 2>world gets.

0:33:37.720 --> 0:33:39.760
<v Speaker 5>And at some level six months may not seem like

0:33:39.760 --> 0:33:42.040
<v Speaker 5>a lot, but part of how I think about it

0:33:42.120 --> 0:33:45.040
<v Speaker 5>is like you're using an iPhone, you know all the competitors,

0:33:45.440 --> 0:33:48.360
<v Speaker 5>and it's like, is the iPhone from three years ago

0:33:48.440 --> 0:33:50.280
<v Speaker 5>better than the best Samsung phone today?

0:33:50.760 --> 0:33:51.200
<v Speaker 2>No way.

0:33:51.600 --> 0:33:53.880
<v Speaker 5>But you know, the fact that Apple has just generally,

0:33:53.880 --> 0:33:56.000
<v Speaker 5>in the eyes of most consumers, been a little bit

0:33:56.000 --> 0:33:59.080
<v Speaker 5>ahead at each point has meant that over fifteen years

0:33:59.160 --> 0:34:01.880
<v Speaker 5>or however long, in almost twenty years, they've just had

0:34:01.880 --> 0:34:04.360
<v Speaker 5>this big compounding lead, And I think if the US

0:34:04.440 --> 0:34:07.280
<v Speaker 5>can maintain that advantage over time, that's just a very

0:34:07.280 --> 0:34:08.040
<v Speaker 5>big advantage.

0:34:08.080 --> 0:34:09.440
<v Speaker 2>So that's my philosophy.

0:34:09.560 --> 0:34:12.680
<v Speaker 5>I think it's what I think is the most reasonable

0:34:13.000 --> 0:34:16.520
<v Speaker 5>thing to shoot for, and that optimizes for making sure

0:34:16.520 --> 0:34:18.160
<v Speaker 5>that Americans continue to lead in this.

0:34:19.040 --> 0:34:21.359
<v Speaker 4>Well, look, you're not an AI dooomer, but some really

0:34:21.400 --> 0:34:24.959
<v Speaker 4>influential people are like, how can you be so sure

0:34:25.040 --> 0:34:28.040
<v Speaker 4>there won't be a roboc ellipse or THATAI will lead

0:34:28.120 --> 0:34:29.160
<v Speaker 4>us to human extinction?

0:34:29.480 --> 0:34:31.240
<v Speaker 5>Well, I don't think you can ever be one hundred

0:34:31.280 --> 0:34:33.680
<v Speaker 5>percent sure. There are a lot of bad things that

0:34:33.680 --> 0:34:37.000
<v Speaker 5>could happen. Climate change is terrible, nuclear war is terrible.

0:34:37.480 --> 0:34:41.560
<v Speaker 5>But I generally think you can manage this in a

0:34:41.640 --> 0:34:45.960
<v Speaker 5>responsible way where you just maximize the chance of the

0:34:46.040 --> 0:34:51.120
<v Speaker 5>net prosperity that's created in society being really good, and where.

0:34:50.960 --> 0:34:52.200
<v Speaker 2>You can manage the risk.

0:34:52.280 --> 0:34:56.040
<v Speaker 5>And it's like I think that for the AI risks,

0:34:56.640 --> 0:34:59.480
<v Speaker 5>especially like the existential type stuff that you're talking about.

0:35:00.160 --> 0:35:02.680
<v Speaker 5>I just personally think that we will have more of

0:35:02.719 --> 0:35:05.200
<v Speaker 5>a sense of the different capabilities of these systems with

0:35:05.239 --> 0:35:07.040
<v Speaker 5>each model that we build, and they're getting better, right,

0:35:07.080 --> 0:35:09.080
<v Speaker 5>So LAMA three is better than Lama too, Lama four

0:35:09.080 --> 0:35:11.319
<v Speaker 5>will be better than LAMA three. And this is why

0:35:11.400 --> 0:35:13.800
<v Speaker 5>we do all the safety testing up front. We study safety.

0:35:14.280 --> 0:35:15.799
<v Speaker 5>We try to have as much of a sense of

0:35:15.920 --> 0:35:18.520
<v Speaker 5>here are the different capabilities that would be bad. Right,

0:35:18.600 --> 0:35:20.600
<v Speaker 5>It's like we don't want it to be able to

0:35:20.760 --> 0:35:24.560
<v Speaker 5>lie or self replicate, or like, just is it intentionally

0:35:24.560 --> 0:35:26.960
<v Speaker 5>deceiving people or stuff? And I just don't know that

0:35:27.000 --> 0:35:31.200
<v Speaker 5>we're seeing those things yet. So I think there are

0:35:31.239 --> 0:35:33.680
<v Speaker 5>different questions that happen once you start getting to a

0:35:33.920 --> 0:35:36.279
<v Speaker 5>level of intelligence that's a lot greater than where we

0:35:36.320 --> 0:35:39.359
<v Speaker 5>are now. But there is this myth that I think

0:35:39.360 --> 0:35:43.960
<v Speaker 5>people kind of anthropomorphize and assume that intelligence is going

0:35:44.000 --> 0:35:48.640
<v Speaker 5>to take the form of something that's conscious or sentient

0:35:48.920 --> 0:35:50.239
<v Speaker 5>or physical.

0:35:51.080 --> 0:35:52.360
<v Speaker 2>And I actually think in some ways.

0:35:52.239 --> 0:35:53.880
<v Speaker 5>This has been one of the most surprising things over

0:35:53.880 --> 0:35:56.480
<v Speaker 5>the last few years, is you can have something that

0:35:56.560 --> 0:36:00.840
<v Speaker 5>is pretty reasonably intelligent that is actually completely separate from

0:36:00.880 --> 0:36:04.160
<v Speaker 5>a consciousness. I do think that there's this thing through

0:36:04.200 --> 0:36:09.200
<v Speaker 5>the history of science where people keep thinking that they're

0:36:09.360 --> 0:36:11.920
<v Speaker 5>special or that they're like the center of the universe

0:36:11.960 --> 0:36:15.640
<v Speaker 5>in different ways. And I think people are very special

0:36:16.239 --> 0:36:20.600
<v Speaker 5>and like life and kind of our consciousness and the

0:36:20.600 --> 0:36:23.240
<v Speaker 5>connections we make. I think all that stuff really matters

0:36:23.280 --> 0:36:26.319
<v Speaker 5>in like a deep way. But I'm not sure if

0:36:26.360 --> 0:36:30.680
<v Speaker 5>the specific like intelligence of productivity is actually the thing

0:36:30.719 --> 0:36:33.680
<v Speaker 5>that makes our lives meaningful. It's obviously it's one of

0:36:33.680 --> 0:36:36.480
<v Speaker 5>the defining characteristics of being a person.

0:36:36.640 --> 0:36:37.480
<v Speaker 2>But I don't know.

0:36:37.520 --> 0:36:39.239
<v Speaker 5>I think it's like as much of it as like

0:36:39.719 --> 0:36:43.200
<v Speaker 5>the love and connection and camaraderie that you feel with

0:36:43.239 --> 0:36:45.680
<v Speaker 5>other people. And I don't know, I think that that

0:36:46.480 --> 0:36:49.200
<v Speaker 5>stuff exists, even if you could like completely separate out

0:36:49.239 --> 0:36:51.520
<v Speaker 5>intelligence from kind of the rest of the human experience.

0:36:51.640 --> 0:36:54.719
<v Speaker 4>Yeah, there are obviously a lot of players, you know,

0:36:54.880 --> 0:36:57.560
<v Speaker 4>trying to do, you know, some similar things. What do

0:36:57.600 --> 0:37:00.319
<v Speaker 4>you make of Sam Maltman's leadership. Do you trust him

0:37:00.320 --> 0:37:03.640
<v Speaker 4>and Opening Eye to get to AGI responsibly.

0:37:04.000 --> 0:37:05.400
<v Speaker 2>I know Sam pretty well.

0:37:05.640 --> 0:37:08.520
<v Speaker 5>He's actually on the board of the Biohub with me

0:37:08.719 --> 0:37:11.200
<v Speaker 5>at the chan Zuckerberg Initiative with me and Priscilla, So

0:37:11.680 --> 0:37:14.000
<v Speaker 5>we kind of sit in there and we grill all

0:37:14.040 --> 0:37:16.719
<v Speaker 5>the scientists and push them on using AI in more

0:37:16.719 --> 0:37:19.360
<v Speaker 5>effective ways. And that's kind of a fun way that

0:37:19.400 --> 0:37:21.839
<v Speaker 5>we get to work together. I mean, look, he caught

0:37:21.840 --> 0:37:24.120
<v Speaker 5>a bunch of stuff early on what was going to

0:37:24.200 --> 0:37:26.960
<v Speaker 5>scale with large language models that a lot of other

0:37:27.000 --> 0:37:30.759
<v Speaker 5>people had written off, and I think he deserves a

0:37:30.800 --> 0:37:36.600
<v Speaker 5>lot of credit for how that organization has developed, also

0:37:36.680 --> 0:37:39.760
<v Speaker 5>having gotten a lot of public scrutiny. Myself, I think

0:37:40.080 --> 0:37:41.600
<v Speaker 5>it's like, look, when you're going through it for the

0:37:41.600 --> 0:37:44.759
<v Speaker 5>first time, you don't handle it as as perfectly as

0:37:44.760 --> 0:37:46.839
<v Speaker 5>you would like. But I think he's handling it very

0:37:46.920 --> 0:37:50.720
<v Speaker 5>gracefully and is generally doing I think he's doing better

0:37:50.760 --> 0:37:52.360
<v Speaker 5>than I did, and I.

0:37:52.120 --> 0:37:53.040
<v Speaker 2>Respect him for that.

0:37:53.840 --> 0:37:55.680
<v Speaker 5>Over the long term, there's just the question of which

0:37:55.719 --> 0:37:58.560
<v Speaker 5>model ends up being the right one. And it's somewhat

0:37:58.560 --> 0:38:01.560
<v Speaker 5>ironic thing to have an organization that's named open AI

0:38:01.920 --> 0:38:04.680
<v Speaker 5>but as sort of the leader in building closed AYE models.

0:38:04.760 --> 0:38:07.400
<v Speaker 5>And it's not necessarily bad, but it's kind of a

0:38:07.400 --> 0:38:10.719
<v Speaker 5>little funny. But I'm not like such an absolutist on

0:38:10.800 --> 0:38:13.719
<v Speaker 5>open sources. I think anything closed is bad. I mean,

0:38:14.080 --> 0:38:15.839
<v Speaker 5>at Meta we do a lot of open source stuff.

0:38:15.840 --> 0:38:17.200
<v Speaker 5>We do a lot of closed source stuff, right, So

0:38:17.239 --> 0:38:18.759
<v Speaker 5>it's like I do both. I think I get the

0:38:18.840 --> 0:38:21.560
<v Speaker 5>value of it. I would imagine that open ai will

0:38:21.600 --> 0:38:24.080
<v Speaker 5>continue being an important company for a while to come,

0:38:24.560 --> 0:38:28.800
<v Speaker 5>But personally I am more optimistic about a more positive

0:38:28.800 --> 0:38:31.960
<v Speaker 5>AI future where open source is the industry standard.

0:38:32.000 --> 0:38:33.600
<v Speaker 2>And that's that's just my view.

0:38:33.880 --> 0:38:36.880
<v Speaker 4>I want to talk about the twenty twenty four presidential election. Okay,

0:38:38.080 --> 0:38:41.680
<v Speaker 4>Facebook has been a flashpoint in many elections around the world,

0:38:42.200 --> 0:38:45.319
<v Speaker 4>and you personally have been called out, most recently by

0:38:45.480 --> 0:38:46.600
<v Speaker 4>former President Trump.

0:38:47.760 --> 0:38:50.719
<v Speaker 3>This is a big election. What do you think is

0:38:50.760 --> 0:38:51.200
<v Speaker 3>at stake?

0:38:52.160 --> 0:38:55.640
<v Speaker 5>Well, I mean, look, it's it's obviously a very important

0:38:55.640 --> 0:38:58.480
<v Speaker 5>and it'll be a historic election. And look, I mean

0:38:58.640 --> 0:39:01.399
<v Speaker 5>the main thing that I hear from people is that

0:39:02.000 --> 0:39:04.239
<v Speaker 5>they actually want to see less political content on our

0:39:04.280 --> 0:39:07.080
<v Speaker 5>services because they come to our services to connect with people.

0:39:07.600 --> 0:39:10.320
<v Speaker 5>So you know, that's what we're going to do, where

0:39:10.840 --> 0:39:13.520
<v Speaker 5>we give people control over this, but we're generally trying

0:39:13.600 --> 0:39:16.560
<v Speaker 5>to recommend less political content. So I think you're going

0:39:16.640 --> 0:39:18.520
<v Speaker 5>to see our services play less of a role in

0:39:18.560 --> 0:39:21.239
<v Speaker 5>this election than they have in the past. And personally,

0:39:22.040 --> 0:39:25.120
<v Speaker 5>I'm also planning on not playing a significant role in

0:39:25.120 --> 0:39:27.680
<v Speaker 5>the election. I've done some stuff personally in the past.

0:39:27.719 --> 0:39:30.600
<v Speaker 5>I'm not planning on doing that this time. And that includes,

0:39:30.960 --> 0:39:34.000
<v Speaker 5>you know, not endorsing either of the candidates. Now, Like

0:39:34.080 --> 0:39:35.600
<v Speaker 5>I mean, there's obviously a lot of crazy stuff going

0:39:35.640 --> 0:39:37.319
<v Speaker 5>on in the world. I mean the historic events over

0:39:37.320 --> 0:39:41.160
<v Speaker 5>the last like over the weekend, and I mean a

0:39:41.200 --> 0:39:44.680
<v Speaker 5>personal note, it's you, I mean seeing Donald Trump get

0:39:45.000 --> 0:39:48.920
<v Speaker 5>get up after getting shot in the face and pump

0:39:49.000 --> 0:39:51.920
<v Speaker 5>is fist in the air with the American flag is

0:39:52.640 --> 0:39:54.120
<v Speaker 5>one of the most badass things I've.

0:39:53.960 --> 0:39:54.920
<v Speaker 2>Ever seen in my life.

0:39:55.400 --> 0:39:58.040
<v Speaker 5>At some level as an American, it's like hard to

0:39:58.080 --> 0:40:01.640
<v Speaker 5>not get kind of emotional about that spirit in that fight,

0:40:01.680 --> 0:40:03.080
<v Speaker 5>and I think that that's why a lot of people

0:40:03.800 --> 0:40:07.880
<v Speaker 5>like the guy. But look, I mean, we're living in

0:40:07.920 --> 0:40:10.600
<v Speaker 5>a pretty crazy time, and I view our role here

0:40:11.280 --> 0:40:14.480
<v Speaker 5>is to make it so everyone can express their views

0:40:14.560 --> 0:40:16.560
<v Speaker 5>on this stuff, but we're going to try to manage

0:40:16.560 --> 0:40:18.799
<v Speaker 5>it so that way the politics doesn't drown out the

0:40:18.880 --> 0:40:21.080
<v Speaker 5>human connection and the community, which is I think the

0:40:21.080 --> 0:40:24.200
<v Speaker 5>main thing that people come to our services for. And

0:40:24.840 --> 0:40:26.319
<v Speaker 5>you know, we're not always going to get that right,

0:40:26.480 --> 0:40:28.640
<v Speaker 5>but that's what we're going to try to do, and

0:40:28.680 --> 0:40:30.520
<v Speaker 5>I think that that's probably the best role that.

0:40:30.520 --> 0:40:31.040
<v Speaker 2>We can play.

0:40:32.640 --> 0:40:36.239
<v Speaker 4>President Biden signed a bill to ban TikTok into law,

0:40:36.280 --> 0:40:39.600
<v Speaker 4>but whether it happens is an open question. Former President

0:40:39.719 --> 0:40:43.120
<v Speaker 4>Trump has given a reason to not ban TikTok is

0:40:43.120 --> 0:40:44.560
<v Speaker 4>that he would see the market.

0:40:44.560 --> 0:40:46.680
<v Speaker 3>To you, what do you make of that logic.

0:40:47.800 --> 0:40:48.239
<v Speaker 2>I don't know.

0:40:48.600 --> 0:40:52.080
<v Speaker 5>The national security questions around whether TikTok should be allowed

0:40:52.200 --> 0:40:54.600
<v Speaker 5>is obviously you know, above my pay grid as something

0:40:54.600 --> 0:40:56.800
<v Speaker 5>that the folks in our government and Congress need to

0:40:57.080 --> 0:40:57.880
<v Speaker 5>go figure out.

0:40:58.160 --> 0:40:59.800
<v Speaker 2>From what I see on a day to day basis,

0:41:00.320 --> 0:41:02.640
<v Speaker 2>I think the competition is focusing.

0:41:02.840 --> 0:41:05.440
<v Speaker 5>It's good. I like competing with different companies. I think

0:41:05.440 --> 0:41:08.560
<v Speaker 5>we're doing pretty well here. We're gaining market share. So

0:41:09.280 --> 0:41:11.200
<v Speaker 5>I don't know they'll go do what they need to do,

0:41:11.320 --> 0:41:15.000
<v Speaker 5>but I think you know where we're going to be

0:41:15.000 --> 0:41:18.200
<v Speaker 5>fine and we're going to continue doing well in this

0:41:18.239 --> 0:41:19.160
<v Speaker 5>space either, right, So.

0:41:19.080 --> 0:41:20.680
<v Speaker 3>Any thoughts on whether or not it should be.

0:41:20.640 --> 0:41:23.440
<v Speaker 2>Banned, I really think that's that's above my BIY grade.

0:41:23.520 --> 0:41:27.640
<v Speaker 4>So between looking at the broader social media ecosystem, these

0:41:27.680 --> 0:41:31.120
<v Speaker 4>little apps, between TikTok and Snap and Instagram and threads

0:41:31.160 --> 0:41:34.760
<v Speaker 4>and Facebook, how do you see the social media ecosystem

0:41:35.160 --> 0:41:36.560
<v Speaker 4>changing in an AI world?

0:41:36.640 --> 0:41:39.719
<v Speaker 3>Do new players emerge? Is their consolidation? How do you

0:41:40.120 --> 0:41:41.760
<v Speaker 3>win the battle for the young people?

0:41:42.640 --> 0:41:44.160
<v Speaker 2>And I think it's going to be all of this stuff.

0:41:44.239 --> 0:41:47.120
<v Speaker 5>There's definitely going to be an opportunity for people to

0:41:47.120 --> 0:41:49.000
<v Speaker 5>build new apps. I mean, I think we've seen that

0:41:49.080 --> 0:41:52.920
<v Speaker 5>it's very competitive TikTok guru from being very small to

0:41:53.080 --> 0:41:54.760
<v Speaker 5>now having more than a billion people.

0:41:55.080 --> 0:41:57.560
<v Speaker 2>I'm sure there will be more more apps. There are

0:41:57.640 --> 0:41:58.319
<v Speaker 2>also part of.

0:41:58.280 --> 0:41:59.880
<v Speaker 5>The reason why we want to innovate and push on

0:41:59.880 --> 0:42:02.120
<v Speaker 5>that is that we also want to integrate that stuff

0:42:02.120 --> 0:42:04.319
<v Speaker 5>into our experiences, right. We want to make it so

0:42:04.320 --> 0:42:07.440
<v Speaker 5>that creators can create more interesting contents, that there are

0:42:07.480 --> 0:42:09.120
<v Speaker 5>new ways for people to interact with the.

0:42:09.040 --> 0:42:10.120
<v Speaker 2>People that they care about.

0:42:10.840 --> 0:42:13.640
<v Speaker 5>AI has already been so important for just recommending people

0:42:13.719 --> 0:42:17.919
<v Speaker 5>great content in these platforms. I think that will continue,

0:42:18.239 --> 0:42:20.920
<v Speaker 5>but also there will be another wave where AI now

0:42:21.000 --> 0:42:23.680
<v Speaker 5>is helping people not just get good recommendations, but also

0:42:23.760 --> 0:42:28.640
<v Speaker 5>create new content. So I'm pretty optimistic about that. I

0:42:28.640 --> 0:42:30.040
<v Speaker 5>hope it's not just going to be like one new

0:42:30.040 --> 0:42:32.799
<v Speaker 5>format like video or photos. I think that there's going

0:42:32.840 --> 0:42:35.160
<v Speaker 5>to be I would guess dozens or hundreds of new

0:42:35.360 --> 0:42:39.320
<v Speaker 5>types of content formats, and some will be made by startups,

0:42:39.600 --> 0:42:42.120
<v Speaker 5>and there'll be new apps built around them. Some hopefully

0:42:42.160 --> 0:42:45.360
<v Speaker 5>will pioneer and popularize. But it's going to be a

0:42:45.440 --> 0:42:46.360
<v Speaker 5>very dynamic space.

0:42:46.960 --> 0:42:50.520
<v Speaker 4>We're facing a crisis in mental health, especially a teenagers.

0:42:51.120 --> 0:42:53.440
<v Speaker 3>The Surgeon General is now calling for a warning.

0:42:53.239 --> 0:42:56.800
<v Speaker 4>Label on social media, saying that it's partially to blame

0:42:57.239 --> 0:42:58.480
<v Speaker 4>with everything that you know?

0:42:58.640 --> 0:43:02.560
<v Speaker 3>Now, does you have point? How are you thinking about this?

0:43:03.160 --> 0:43:05.440
<v Speaker 2>Yeah? So I guess I come at this from a

0:43:05.440 --> 0:43:06.920
<v Speaker 2>few directions.

0:43:08.160 --> 0:43:11.879
<v Speaker 5>One is that there's clearly an issue with mental health

0:43:11.920 --> 0:43:14.919
<v Speaker 5>in the country, So I think that's like a really

0:43:14.920 --> 0:43:18.880
<v Speaker 5>important thing, and for kids and teens it's especially important.

0:43:18.920 --> 0:43:20.799
<v Speaker 2>And I think the focus on that is right.

0:43:21.360 --> 0:43:24.960
<v Speaker 5>You know, I have three young girls and being a

0:43:25.040 --> 0:43:28.239
<v Speaker 5>parent is hard, and you just want to make sure

0:43:28.239 --> 0:43:31.719
<v Speaker 5>that they have like good lives. And from that perspective,

0:43:31.960 --> 0:43:34.239
<v Speaker 5>what I aim for us to do is build our

0:43:34.280 --> 0:43:37.799
<v Speaker 5>services in a way that's aligned with parents, giving them

0:43:37.840 --> 0:43:40.360
<v Speaker 5>the controls that they need to basically oversee how the

0:43:40.400 --> 0:43:42.520
<v Speaker 5>services work for their kids. I mean, I think different

0:43:42.560 --> 0:43:44.640
<v Speaker 5>families are going to have different rules for how they

0:43:44.680 --> 0:43:47.279
<v Speaker 5>want this stuff to work, and there's probably not a

0:43:47.320 --> 0:43:49.440
<v Speaker 5>one size fits all thing that's right. But I think

0:43:49.480 --> 0:43:52.720
<v Speaker 5>we have a role in making sure that we study

0:43:52.719 --> 0:43:56.160
<v Speaker 5>the stuff, understand what's good what's not broadly, but then

0:43:56.280 --> 0:43:58.560
<v Speaker 5>for individual families, giving the parents the.

0:43:58.440 --> 0:43:59.400
<v Speaker 2>Controls that they need.

0:44:00.120 --> 0:44:02.760
<v Speaker 5>What the data says today is a little bit different

0:44:02.800 --> 0:44:04.960
<v Speaker 5>from what the basic meme is that's out there. I

0:44:04.960 --> 0:44:06.960
<v Speaker 5>think a lot of people kind of act as if

0:44:07.040 --> 0:44:10.560
<v Speaker 5>there's been this proven connection between these and I just

0:44:10.640 --> 0:44:13.200
<v Speaker 5>don't think that the science supports that. Today It's obviously

0:44:13.280 --> 0:44:16.239
<v Speaker 5>something that will continue to be studied over time. There's nuances.

0:44:16.320 --> 0:44:19.200
<v Speaker 5>I think social media is different from phones overall. It

0:44:19.239 --> 0:44:21.480
<v Speaker 5>might be that phones have an issue, right if you're

0:44:21.480 --> 0:44:23.879
<v Speaker 5>getting notified for something or it's buzzing you and it's

0:44:23.880 --> 0:44:26.480
<v Speaker 5>like preventing you from sleeping. I mean that is different

0:44:26.520 --> 0:44:28.239
<v Speaker 5>from social media. But I think there's all these other

0:44:28.280 --> 0:44:31.680
<v Speaker 5>issues too. But I just haven't seen of all the

0:44:31.680 --> 0:44:35.480
<v Speaker 5>most rigorous studies that have been published, including in the

0:44:35.480 --> 0:44:39.799
<v Speaker 5>most prestigious scientific journals, the link between this on kind

0:44:39.800 --> 0:44:42.200
<v Speaker 5>of a causal basis has not been well established. Now

0:44:42.280 --> 0:44:43.680
<v Speaker 5>that doesn't mean that there isn't work for us to do.

0:44:43.719 --> 0:44:45.200
<v Speaker 5>I mean, we want to make sure we do a

0:44:45.200 --> 0:44:49.560
<v Speaker 5>good job on this, but I think for whether it's

0:44:49.560 --> 0:44:52.560
<v Speaker 5>the Surgeon General or other folks, kind of jumping to

0:44:52.600 --> 0:44:55.560
<v Speaker 5>a conclusion that the science doesn't yet support is not

0:44:55.600 --> 0:44:57.719
<v Speaker 5>the most helpful thing. But look, I mean there are

0:44:57.760 --> 0:45:00.799
<v Speaker 5>clearly issues here across society, and want to make sure

0:45:00.840 --> 0:45:02.400
<v Speaker 5>we're part of the solution to that.

0:45:02.880 --> 0:45:05.400
<v Speaker 4>Facebook, and you have been blamed for a lot of things,

0:45:05.880 --> 0:45:08.040
<v Speaker 4>whether you like it or not, whether you agree or not,

0:45:08.640 --> 0:45:10.160
<v Speaker 4>why should we trust you with AI?

0:45:11.120 --> 0:45:14.440
<v Speaker 5>Well, the loaded question we have gotten blamed for a

0:45:14.440 --> 0:45:16.799
<v Speaker 5>lot of things, and I mean, look, I take our

0:45:16.880 --> 0:45:18.560
<v Speaker 5>role in all this stuff seriously, and I think we've

0:45:18.600 --> 0:45:21.319
<v Speaker 5>tried to handle all this as well as possible. I'm

0:45:21.320 --> 0:45:24.160
<v Speaker 5>not sure that it's all been fair, but look, I

0:45:24.160 --> 0:45:26.440
<v Speaker 5>mean we're in I'd like to think that we're an

0:45:26.440 --> 0:45:28.759
<v Speaker 5>important and relevant company. So I think the scrutiny is

0:45:28.800 --> 0:45:32.360
<v Speaker 5>generally healthy. I mean for AI, I mean look compared

0:45:32.360 --> 0:45:34.480
<v Speaker 5>to the other companies. I think doing this in an

0:45:34.480 --> 0:45:37.520
<v Speaker 5>open way actually increases the chance that it ends up

0:45:37.560 --> 0:45:39.640
<v Speaker 5>being done safely. If you look at the history of

0:45:39.680 --> 0:45:43.840
<v Speaker 5>open source, open source software counterintuitively ends up being more secure.

0:45:43.960 --> 0:45:45.840
<v Speaker 2>At the beginning of the open source movement, a.

0:45:45.880 --> 0:45:47.400
<v Speaker 5>Lot of people thought, hey, it's not going to be

0:45:47.440 --> 0:45:49.200
<v Speaker 5>secure because anyone can just see who the bugs are.

0:45:49.320 --> 0:45:51.000
<v Speaker 5>It's like, yeah, well, anyone can see where the bugs

0:45:51.040 --> 0:45:53.200
<v Speaker 5>are is then you fix them. Whereas in closed systems

0:45:53.560 --> 0:45:55.400
<v Speaker 5>you have these holes that are just out there that

0:45:55.520 --> 0:45:58.160
<v Speaker 5>like governments or hackers or whatever exploiting for a long

0:45:58.200 --> 0:46:00.399
<v Speaker 5>time because there's less transparency on them.

0:46:00.480 --> 0:46:02.520
<v Speaker 2>So I think that that's.

0:46:02.320 --> 0:46:05.200
<v Speaker 5>Going to be one of the defining things around open

0:46:05.239 --> 0:46:09.120
<v Speaker 5>source is that anyone can scrutinize the work, and because

0:46:09.120 --> 0:46:10.600
<v Speaker 5>of that, I think it just puts a lot of

0:46:10.640 --> 0:46:13.080
<v Speaker 5>pressure to make sure that the quality of the work

0:46:13.080 --> 0:46:14.760
<v Speaker 5>that you're doing gets better really quickly.

0:46:15.280 --> 0:46:19.160
<v Speaker 2>And so I guess that's just a big difference.

0:46:18.800 --> 0:46:22.439
<v Speaker 5>In our approach here compared to the approach that others

0:46:22.480 --> 0:46:26.640
<v Speaker 5>are taking, and I think that people should take confidence

0:46:26.680 --> 0:46:29.879
<v Speaker 5>in that, and look, when we get stuff wrong, then

0:46:30.040 --> 0:46:32.279
<v Speaker 5>we're going to get called out on it, and I

0:46:32.320 --> 0:46:34.560
<v Speaker 5>think it'll just generally create these systems that are more

0:46:34.560 --> 0:46:37.000
<v Speaker 5>hardened and more secure and safer. But I know that

0:46:37.000 --> 0:46:38.680
<v Speaker 5>there's the whole debate around isn't going to be safe

0:46:38.680 --> 0:46:41.160
<v Speaker 5>to do open source AI. My personal view is that

0:46:41.200 --> 0:46:44.040
<v Speaker 5>open source AI is going to be safer than closed

0:46:44.040 --> 0:46:47.799
<v Speaker 5>for the exact same reasons that open source historically has

0:46:47.840 --> 0:46:50.440
<v Speaker 5>been safer and more secure than closed source software.

0:46:50.560 --> 0:46:53.000
<v Speaker 4>Let's talk about regulation, because in the shape of AI,

0:46:53.120 --> 0:46:55.600
<v Speaker 4>regulation is going to be an issue around the world

0:46:55.920 --> 0:47:00.279
<v Speaker 4>for the next several years. What should this regulation look like?

0:47:00.600 --> 0:47:03.839
<v Speaker 4>Do you support something like an independent agency that would

0:47:03.880 --> 0:47:07.120
<v Speaker 4>oversee AI like we have for nuclear energy.

0:47:08.160 --> 0:47:10.520
<v Speaker 5>I think it's pretty early and thinking through this stuff,

0:47:10.760 --> 0:47:13.920
<v Speaker 5>and I haven't seen any proposal yet that I look

0:47:13.960 --> 0:47:15.880
<v Speaker 5>at and I'm like, oh, that's exactly what we should do.

0:47:16.200 --> 0:47:18.440
<v Speaker 5>I think there's a time question for this, right. I

0:47:18.440 --> 0:47:20.840
<v Speaker 5>think in a lot of things, if you regulate it

0:47:20.840 --> 0:47:22.920
<v Speaker 5>too late, there could be too much harm. If you

0:47:23.000 --> 0:47:25.680
<v Speaker 5>regulate it too early, you could stop innovation. I do

0:47:25.760 --> 0:47:27.839
<v Speaker 5>think we're seeing this issue in Europe now, where they

0:47:27.920 --> 0:47:29.960
<v Speaker 5>just like put in place a ton of regulations and

0:47:30.000 --> 0:47:32.120
<v Speaker 5>a lot of companies are just not launching stuff there.

0:47:32.160 --> 0:47:35.919
<v Speaker 5>So I mean that's an issue. So I think there's

0:47:36.000 --> 0:47:39.880
<v Speaker 5>clearly going to need to be this interaction between governments

0:47:40.000 --> 0:47:42.280
<v Speaker 5>and companies to go oversee the work.

0:47:42.440 --> 0:47:43.799
<v Speaker 2>I'm not sure what the right model is.

0:47:44.280 --> 0:47:48.239
<v Speaker 5>The thing that I've focused on most is the viability

0:47:48.280 --> 0:47:51.880
<v Speaker 5>of open source, because I obviously believe in this deeply

0:47:52.120 --> 0:47:55.120
<v Speaker 5>and it's both kind of our strategy and approach.

0:47:55.239 --> 0:47:57.120
<v Speaker 2>But I think it's the best.

0:47:56.920 --> 0:48:00.840
<v Speaker 5>Chance for creating an AI future that is positive, where

0:48:01.280 --> 0:48:04.360
<v Speaker 5>the prosperity that is created can be shared by the

0:48:04.360 --> 0:48:07.000
<v Speaker 5>most people, and that we end up with the safest outcome.

0:48:07.040 --> 0:48:08.799
<v Speaker 2>I think that open source will do that.

0:48:09.280 --> 0:48:11.360
<v Speaker 5>But there's a big intellectual debate around this, and I

0:48:11.400 --> 0:48:13.680
<v Speaker 5>think that there's a bunch of people who think, okay, well,

0:48:14.600 --> 0:48:18.520
<v Speaker 5>open sources inherently maybe like a little less controllable because

0:48:18.680 --> 0:48:21.160
<v Speaker 5>there aren't just like a small number of companies that

0:48:21.200 --> 0:48:22.759
<v Speaker 5>you can go choke when you want to, like go

0:48:22.840 --> 0:48:25.279
<v Speaker 5>get them to do something right. So it is like

0:48:25.640 --> 0:48:28.239
<v Speaker 5>a little more forward leaning on. Okay, we're going to

0:48:28.280 --> 0:48:32.200
<v Speaker 5>try to enable this kind of decentralized innovation, and that's

0:48:32.320 --> 0:48:34.879
<v Speaker 5>what is typically worked on the Internet, and I think

0:48:34.880 --> 0:48:37.839
<v Speaker 5>it's what gives the best shot and the scrutiny around

0:48:37.840 --> 0:48:39.360
<v Speaker 5>that I think is the thing that will be the

0:48:39.360 --> 0:48:42.160
<v Speaker 5>most likely to produce a safe outcome. But you know,

0:48:42.200 --> 0:48:44.440
<v Speaker 5>there's a real debate around this today or is like

0:48:44.480 --> 0:48:46.120
<v Speaker 5>should that be the way that it goes now? I

0:48:46.160 --> 0:48:49.600
<v Speaker 5>think that open sources gaining popularity with every day, and

0:48:49.680 --> 0:48:52.000
<v Speaker 5>I think the LAMA three point one release, with the

0:48:52.000 --> 0:48:54.600
<v Speaker 5>four or five billion model that is basically going to

0:48:54.640 --> 0:48:56.759
<v Speaker 5>be kind of this teacher model where like all these

0:48:56.800 --> 0:48:59.920
<v Speaker 5>different companies or institutions, universities, academics are going to use

0:48:59.920 --> 0:49:02.120
<v Speaker 5>it to train different models. I think it's just going

0:49:02.160 --> 0:49:04.520
<v Speaker 5>to keep on gaining more and more popularity and I

0:49:04.560 --> 0:49:07.200
<v Speaker 5>would guess will eventually become sort of the industry's standard

0:49:07.200 --> 0:49:09.440
<v Speaker 5>for how this stuff works. But I just think we

0:49:09.480 --> 0:49:12.000
<v Speaker 5>need to be careful about not doing things that are

0:49:12.040 --> 0:49:14.960
<v Speaker 5>going to prevent what is actually the best outcome over time,

0:49:15.080 --> 0:49:19.120
<v Speaker 5>just because it's maybe like a little less deterministic or

0:49:19.360 --> 0:49:20.040
<v Speaker 5>something like that.

0:49:20.760 --> 0:49:26.360
<v Speaker 3>You've been at this now for twenty years years. Yeah,

0:49:26.640 --> 0:49:27.560
<v Speaker 3>it's been a journey.

0:49:28.719 --> 0:49:33.000
<v Speaker 4>How would you describe your leadership style before versus now?

0:49:34.560 --> 0:49:36.640
<v Speaker 2>I don't know, I probably need to think more about that.

0:49:37.719 --> 0:49:39.800
<v Speaker 2>I mean, the roles have changed so much at the company.

0:49:39.840 --> 0:49:42.600
<v Speaker 5>And when I started early on, I really knew nothing

0:49:42.640 --> 0:49:46.640
<v Speaker 5>about building a company. I was a kid, and I

0:49:46.760 --> 0:49:49.360
<v Speaker 5>was an engineer, and I like coded the first version

0:49:49.560 --> 0:49:52.560
<v Speaker 5>myself and did most of the coding for maybe like

0:49:52.600 --> 0:49:54.960
<v Speaker 5>the first couple of the years of the company. And

0:49:55.000 --> 0:49:59.080
<v Speaker 5>then we got all these amazing people, right. So, I mean, Cheryl,

0:49:59.160 --> 0:50:01.680
<v Speaker 5>I often joke that she raised me as a manager

0:50:02.000 --> 0:50:05.399
<v Speaker 5>like a parent, and I think that that's like really true, right,

0:50:05.400 --> 0:50:07.399
<v Speaker 5>It's like, I mean, I literally I think it's hard

0:50:07.440 --> 0:50:10.080
<v Speaker 5>to overstate how little I knew about running a company.

0:50:10.480 --> 0:50:13.280
<v Speaker 5>And she's just like a really special person has played

0:50:13.320 --> 0:50:15.800
<v Speaker 5>this hugely important role in the history of the company

0:50:15.800 --> 0:50:19.399
<v Speaker 5>and like training me and so many of the other

0:50:19.520 --> 0:50:21.880
<v Speaker 5>leaders of the company. And then you know this funny

0:50:21.880 --> 0:50:24.480
<v Speaker 5>thing happened over the last fifteen years where there were

0:50:24.480 --> 0:50:27.719
<v Speaker 5>all these kids who just kind of grew up and

0:50:28.160 --> 0:50:31.160
<v Speaker 5>have had this context and these relationships with each other,

0:50:31.239 --> 0:50:33.600
<v Speaker 5>and you know, now I think we're all a little

0:50:33.640 --> 0:50:37.320
<v Speaker 5>bit more sophisticated, hopefully about managing something like this well

0:50:37.360 --> 0:50:39.600
<v Speaker 5>and building stuff for the longer term and doing it

0:50:39.640 --> 0:50:42.880
<v Speaker 5>more responsibly. And I don't know, there's like a lot

0:50:42.920 --> 0:50:45.120
<v Speaker 5>of lessons that you learn along the way, you know,

0:50:45.120 --> 0:50:47.399
<v Speaker 5>when I talk to other founders or CEOs and ask

0:50:47.440 --> 0:50:50.160
<v Speaker 5>how I built the team here, that I think is

0:50:50.200 --> 0:50:52.120
<v Speaker 5>really kind of like the key to how we get

0:50:52.120 --> 0:50:54.000
<v Speaker 5>everything done. I mean, there's always a lot of attention

0:50:54.200 --> 0:50:56.840
<v Speaker 5>placed on like the CEO or the top person, but

0:50:56.920 --> 0:50:59.720
<v Speaker 5>it's never one person, right, It's always a group of people,

0:50:59.840 --> 0:51:02.200
<v Speaker 5>and I don't know, it's hard to replace some of that.

0:51:02.239 --> 0:51:03.839
<v Speaker 2>I think a lot of this is like you.

0:51:03.880 --> 0:51:06.400
<v Speaker 5>Just grow up and you learn together, and you bond together,

0:51:06.520 --> 0:51:10.279
<v Speaker 5>and it's like a really kind of interesting and special group.

0:51:10.440 --> 0:51:13.959
<v Speaker 4>Looking forward, will the next Mark Zuckerberg start the next

0:51:13.960 --> 0:51:16.239
<v Speaker 4>Facebook or will Ai do it for him?

0:51:16.360 --> 0:51:17.760
<v Speaker 2>Yeah?

0:51:17.800 --> 0:51:20.520
<v Speaker 5>Well, I think we use technology tools for stuff. I

0:51:20.560 --> 0:51:22.000
<v Speaker 5>think one of the things that's going to be interesting

0:51:22.040 --> 0:51:24.960
<v Speaker 5>in the future is you know, now to build meta

0:51:24.960 --> 0:51:27.480
<v Speaker 5>and the services that we have. We have tens of

0:51:27.520 --> 0:51:29.880
<v Speaker 5>thousands of people working at this company. And one of

0:51:29.920 --> 0:51:31.239
<v Speaker 5>the things that I think is going to be really

0:51:31.280 --> 0:51:34.719
<v Speaker 5>powerful in the future is the next entrepreneur, you know,

0:51:34.760 --> 0:51:37.640
<v Speaker 5>sitting in their dorm room or high school or whatever

0:51:37.680 --> 0:51:39.560
<v Speaker 5>it is, is going to now have all these tools

0:51:39.600 --> 0:51:42.319
<v Speaker 5>to be able to have the productivity of like a

0:51:42.400 --> 0:51:45.200
<v Speaker 5>large company, but maybe it's just them doing it, or

0:51:45.239 --> 0:51:46.240
<v Speaker 5>them and like a small.

0:51:46.040 --> 0:51:47.440
<v Speaker 2>Group of friends working together.

0:51:47.920 --> 0:51:50.160
<v Speaker 5>Part of why I was able to start this is

0:51:50.200 --> 0:51:52.320
<v Speaker 5>because there's the saying in science that you stand on

0:51:52.360 --> 0:51:54.920
<v Speaker 5>the shoulders of giants, and I think that's true with

0:51:54.960 --> 0:51:57.480
<v Speaker 5>open source and technology too. And you know, like I

0:51:57.480 --> 0:51:59.480
<v Speaker 5>couldn't build this myself, I was able to build it

0:51:59.480 --> 0:52:02.200
<v Speaker 5>because there's all this other technology that I can build on,

0:52:02.280 --> 0:52:04.320
<v Speaker 5>and I just think that that's going to keep getting

0:52:04.360 --> 0:52:04.960
<v Speaker 5>better and better.

0:52:05.160 --> 0:52:07.279
<v Speaker 2>So, you know, it's like I watch my kids.

0:52:07.040 --> 0:52:09.880
<v Speaker 5>Be creative and the stuff that they can do today,

0:52:10.440 --> 0:52:11.640
<v Speaker 5>like I wouldn't have been able to do when I

0:52:11.640 --> 0:52:13.600
<v Speaker 5>was a kid because it just didn't exist. So I

0:52:13.640 --> 0:52:15.880
<v Speaker 5>think we're going to live in a profoundly more creative

0:52:15.920 --> 0:52:19.040
<v Speaker 5>future where more people can have the capacity to do

0:52:19.560 --> 0:52:22.239
<v Speaker 5>like pretty amazing things than has been the case in

0:52:22.239 --> 0:52:22.640
<v Speaker 5>the past.

0:52:23.080 --> 0:52:25.720
<v Speaker 3>What about Elon? You're kind of like the anti Elon

0:52:25.840 --> 0:52:29.239
<v Speaker 3>now and it's working for you. Where do you see

0:52:29.280 --> 0:52:30.080
<v Speaker 3>your differences?

0:52:30.560 --> 0:52:31.080
<v Speaker 2>I don't know.

0:52:33.200 --> 0:52:35.759
<v Speaker 5>I know him less well, to be honest, I think

0:52:35.800 --> 0:52:39.040
<v Speaker 5>he's obviously an amazing entrepreneur and has done a lot

0:52:39.040 --> 0:52:41.640
<v Speaker 5>of really great stuff, you know. I mean, it takes

0:52:41.640 --> 0:52:43.919
<v Speaker 5>some courage to go out there and speak your mind

0:52:43.960 --> 0:52:45.600
<v Speaker 5>as much as he does. I don't think like I

0:52:45.600 --> 0:52:47.920
<v Speaker 5>would be comfortable doing that as much. Maybe I'm just

0:52:47.920 --> 0:52:50.440
<v Speaker 5>like a somewhat more reserved person, but I feel like

0:52:50.680 --> 0:52:53.279
<v Speaker 5>all my career people are just telling me like, oh,

0:52:53.320 --> 0:52:55.800
<v Speaker 5>go out like be more yourself. And so there is

0:52:55.840 --> 0:52:57.640
<v Speaker 5>something that I think you have to admire about someone

0:52:57.880 --> 0:53:00.000
<v Speaker 5>who does that and maybe even takes it to an extreme.

0:53:00.760 --> 0:53:03.239
<v Speaker 2>But I don't know what that version of me would be.

0:53:03.320 --> 0:53:04.440
<v Speaker 3>Like, We're going to go.

0:53:04.520 --> 0:53:08.640
<v Speaker 4>Visit you in Tahoe and follow you on your side quests.

0:53:08.600 --> 0:53:10.640
<v Speaker 2>And you're going to surf too, well, I'm going to try.

0:53:11.160 --> 0:53:11.839
<v Speaker 3>I'm going to try.

0:53:12.440 --> 0:53:14.319
<v Speaker 5>You're going to teach me, right, I think that was

0:53:14.320 --> 0:53:16.359
<v Speaker 5>what I was told, but I'm not really I don't

0:53:16.360 --> 0:53:17.400
<v Speaker 5>know if a good teacher.

0:53:17.160 --> 0:53:21.200
<v Speaker 4>But either way, you're always one upping yourself. And I'm

0:53:21.239 --> 0:53:24.400
<v Speaker 4>sure there's a metaphor in there for the company. You also,

0:53:25.160 --> 0:53:26.880
<v Speaker 4>you know, you're doing all these things to make us

0:53:26.920 --> 0:53:29.239
<v Speaker 4>more virtual, but you also love so many things about

0:53:29.239 --> 0:53:32.520
<v Speaker 4>the whole world. How do you wrestle with those two ambitions.

0:53:32.680 --> 0:53:34.000
<v Speaker 2>Well, I don't know that there are odds.

0:53:34.200 --> 0:53:38.000
<v Speaker 5>I just think that people are very physical beings, and

0:53:38.400 --> 0:53:41.680
<v Speaker 5>I think that we sort of mythologize intelligence. I don't know,

0:53:41.680 --> 0:53:43.200
<v Speaker 5>there's like a bunch of people in the tech community

0:53:43.239 --> 0:53:45.160
<v Speaker 5>you think like, oh, we'll just like separate out our

0:53:45.160 --> 0:53:47.640
<v Speaker 5>consciousness and intelligence and like upload it to the cloud.

0:53:47.640 --> 0:53:50.440
<v Speaker 5>And I'm like, that just sounds ridiculous to me. I

0:53:50.440 --> 0:53:52.319
<v Speaker 5>mean to me, it's like part of what makes you

0:53:52.360 --> 0:53:55.440
<v Speaker 5>a person is you like are active and you have energy.

0:53:55.719 --> 0:53:57.560
<v Speaker 2>We're not just minds.

0:53:58.080 --> 0:54:00.640
<v Speaker 5>Like I think the energy and like the love and

0:54:00.719 --> 0:54:04.000
<v Speaker 5>all those things are probably as foundational to what makes

0:54:04.000 --> 0:54:08.560
<v Speaker 5>you a person. And so I don't know, I think

0:54:08.560 --> 0:54:10.520
<v Speaker 5>my life has gotten a lot better. You know, in

0:54:10.520 --> 0:54:12.040
<v Speaker 5>the early days of the company, I just didn't have

0:54:12.080 --> 0:54:14.479
<v Speaker 5>time to do anything else. We were like always about

0:54:14.520 --> 0:54:17.920
<v Speaker 5>to die, and you know, just and it's like being

0:54:17.920 --> 0:54:21.880
<v Speaker 5>a startup is really stressful, right, and obviously there's stress

0:54:21.960 --> 0:54:24.200
<v Speaker 5>now too, but it's just it's a little more managed

0:54:24.200 --> 0:54:26.080
<v Speaker 5>and we have like more good leaders at the company

0:54:26.080 --> 0:54:28.920
<v Speaker 5>and all that. And my life has just gotten so

0:54:29.000 --> 0:54:31.799
<v Speaker 5>much better since I took the time to go make

0:54:31.840 --> 0:54:34.240
<v Speaker 5>sure that I can go do physical things all the time,

0:54:34.520 --> 0:54:36.920
<v Speaker 5>and I think it's made me a better person. I

0:54:37.400 --> 0:54:40.880
<v Speaker 5>injured my knee last year fighting, and I thought, you know,

0:54:40.880 --> 0:54:42.839
<v Speaker 5>Priscilla was gonna give me a hard time about it.

0:54:42.960 --> 0:54:44.719
<v Speaker 5>Like I kind of thought like she was just gonna like,

0:54:44.760 --> 0:54:46.800
<v Speaker 5>you're an idiot. Why are you fighting. You're like running

0:54:46.800 --> 0:54:49.080
<v Speaker 5>this company. It's like you shouldn't be doing this. But

0:54:49.480 --> 0:54:52.239
<v Speaker 5>she actually was like, you know, I know it's a

0:54:52.280 --> 0:54:55.080
<v Speaker 5>long recovery, but when you're done, you better go fight again.

0:54:55.239 --> 0:54:57.320
<v Speaker 5>It's like just because you're like a much better person

0:54:57.680 --> 0:55:01.520
<v Speaker 5>when you're like going and and doing all this physical stuff.

0:55:01.520 --> 0:55:03.800
<v Speaker 5>And it's like it's just kind of like a family value.

0:55:03.880 --> 0:55:06.040
<v Speaker 5>I mean, we do it. I mean I do it.

0:55:06.080 --> 0:55:09.360
<v Speaker 2>Priscilla does it with me. She actually she hits pads.

0:55:09.200 --> 0:55:11.759
<v Speaker 2>That's what I was referring to, tell us, serve with you.

0:55:11.960 --> 0:55:13.880
<v Speaker 5>But you know when when she's sitting pads. You can

0:55:13.920 --> 0:55:16.000
<v Speaker 5>hear it from like down the streets. So I mean she,

0:55:16.239 --> 0:55:19.080
<v Speaker 5>I mean, she's like I think maybe one day we'll

0:55:19.080 --> 0:55:21.960
<v Speaker 5>talk her into fighting. But but she's quite good at surfing.

0:55:22.280 --> 0:55:23.719
<v Speaker 5>And we teach the kids too, and it's just like

0:55:23.760 --> 0:55:26.480
<v Speaker 5>a fun thing that we do together. And I don't know,

0:55:26.600 --> 0:55:28.120
<v Speaker 5>I really believe in that. I think that that, like,

0:55:28.160 --> 0:55:30.120
<v Speaker 5>it just makes you like a better person.

0:55:30.440 --> 0:55:31.480
<v Speaker 3>Tell me about the necklace.

0:55:32.040 --> 0:55:37.120
<v Speaker 5>Oh, this this is something that I worked with a

0:55:37.160 --> 0:55:40.920
<v Speaker 5>designer to make that has engraved on it. The prayer

0:55:41.040 --> 0:55:43.680
<v Speaker 5>that I sing to my daughters every night when I

0:55:43.680 --> 0:55:46.200
<v Speaker 5>put them to bed. It's a Jewish prayer called mesche

0:55:46.239 --> 0:55:52.080
<v Speaker 5>Birach and it's basically a prayer for health and courage,

0:55:52.160 --> 0:55:55.719
<v Speaker 5>and it says, may we have the courage to make

0:55:55.760 --> 0:55:59.279
<v Speaker 5>our lives a blessing. And I just think that's like

0:55:59.400 --> 0:56:01.520
<v Speaker 5>and I've sung it to them basically every night of

0:56:01.560 --> 0:56:02.560
<v Speaker 5>their lives since.

0:56:02.320 --> 0:56:03.480
<v Speaker 2>They were born.

0:56:03.760 --> 0:56:06.560
<v Speaker 5>And I unless I'm out of traveling or something, but

0:56:06.600 --> 0:56:08.960
<v Speaker 5>I try to be around for bedtime. That's kind of

0:56:09.000 --> 0:56:10.520
<v Speaker 5>my thing and when I hang out with the kids,

0:56:11.280 --> 0:56:15.799
<v Speaker 5>and yeah, I don't know, it's just it's meaningful for me.

0:56:16.040 --> 0:56:16.680
<v Speaker 2>In our family.

0:56:16.960 --> 0:56:20.520
<v Speaker 3>That's beautiful. Thank you. Thank you for sharing your time

0:56:20.520 --> 0:56:20.879
<v Speaker 3>with us.

0:56:20.880 --> 0:56:23.719
<v Speaker 4>Thank you for letting us into your home, and you know,

0:56:24.239 --> 0:56:25.680
<v Speaker 4>taking the time to explain all of.

0:56:25.680 --> 0:56:27.520
<v Speaker 3>This, like I think it's really important. It helps us

0:56:27.520 --> 0:56:29.160
<v Speaker 3>to get to know you cool.

0:56:32.200 --> 0:56:34.480
<v Speaker 1>Thanks so much for listening to this edition of the Circuit,

0:56:34.800 --> 0:56:37.600
<v Speaker 1>and please watch our video episode with Mark Zuckerberg on

0:56:37.640 --> 0:56:41.200
<v Speaker 1>Bloomberg Originals. I visit his retreat in Tahoe, we hang

0:56:41.239 --> 0:56:44.560
<v Speaker 1>with his wife Priscilla, and yes we go wait surfing.

0:56:44.800 --> 0:56:47.560
<v Speaker 3>You'll see how that works out. I'm Emily Chang.

0:56:47.600 --> 0:56:49.880
<v Speaker 1>You can follow me on Twitter and Instagram at Emily

0:56:49.960 --> 0:56:53.080
<v Speaker 1>Chang tv and watch new episodes of the Circuit on

0:56:53.120 --> 0:56:56.960
<v Speaker 1>Bloomberg Television, streaming on the Bloomberg app or on YouTube.

0:56:57.400 --> 0:57:00.360
<v Speaker 1>And check out other Bloomberg podcasts on Apple podcast, the

0:57:00.400 --> 0:57:03.880
<v Speaker 1>iHeartMedia app, or wherever. You listen to your shows and

0:57:03.960 --> 0:57:05.680
<v Speaker 1>let us know what you think by leaving a review.

0:57:05.760 --> 0:57:09.160
<v Speaker 1>Those extra reviews make a big difference. I'm your host

0:57:09.160 --> 0:57:12.680
<v Speaker 1>and executive producer. Our showrunner is Lauren Ellis, our editor

0:57:12.760 --> 0:57:13.680
<v Speaker 1>is Alis and Casey.

0:57:14.120 --> 0:57:14.959
<v Speaker 3>Catch you next time.