WEBVTT - Managing the Rapid Pace of Technological and Scientific Revolutions

0:00:02.520 --> 0:00:09.280
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. This is Bloomberg BusinessWeek

0:00:09.560 --> 0:00:13.600
<v Speaker 1>with Carol Messer and Tim Stenebeck on Bloomberg Radio.

0:00:13.960 --> 0:00:14.080
<v Speaker 2>Well.

0:00:14.120 --> 0:00:17.720
<v Speaker 3>Our next guest is a technology and healthcare futurist. Served

0:00:17.880 --> 0:00:20.720
<v Speaker 3>in the US National Security Council, State Department, and Senate

0:00:20.760 --> 0:00:24.720
<v Speaker 3>Form Relations Committee, and with the United Nations in Cambodia.

0:00:24.840 --> 0:00:27.560
<v Speaker 3>Most recently, he or more recently, I should say, he

0:00:27.600 --> 0:00:30.920
<v Speaker 3>has been exploring and explaining the world of genetic engineering.

0:00:31.160 --> 0:00:33.280
<v Speaker 3>We are talking about Jamie Metzel. He's the author of

0:00:33.360 --> 0:00:37.120
<v Speaker 3>Hacking Darwin Genetic Engineering in the Future of Humanity. For

0:00:37.280 --> 0:00:40.440
<v Speaker 3>other books he has also written. He was a member

0:00:40.479 --> 0:00:43.480
<v Speaker 3>of the World Health Organization Expert Advisory Committee on Human

0:00:43.520 --> 0:00:46.120
<v Speaker 3>Genome Editing. We want to get to it because he

0:00:46.200 --> 0:00:48.440
<v Speaker 3>is with us. He's Senior Fellow at the Atlanta Council,

0:00:48.600 --> 0:00:51.320
<v Speaker 3>founder and chair of the nonprofit One Shared World. His

0:00:51.479 --> 0:00:55.080
<v Speaker 3>new book out is called super Convergence, How the genetics,

0:00:55.160 --> 0:00:58.920
<v Speaker 3>biotech and AI revolutions will transform our lives, world and

0:00:59.080 --> 0:01:02.240
<v Speaker 3>work work World. Jamie is in New York City and

0:01:02.280 --> 0:01:04.560
<v Speaker 3>the book is out Tuesday. Forgive me, Jamie, I'm kind

0:01:04.560 --> 0:01:06.399
<v Speaker 3>of rushing to get to you because I want to

0:01:06.440 --> 0:01:07.039
<v Speaker 3>talk to you.

0:01:07.400 --> 0:01:10.680
<v Speaker 4>How are you. I'm great, Carol, great to hear your voice.

0:01:10.720 --> 0:01:13.200
<v Speaker 2>We've been at this together for many years, so it's

0:01:13.200 --> 0:01:14.280
<v Speaker 2>great to be together again.

0:01:14.360 --> 0:01:16.200
<v Speaker 3>Well, what do you think about that journey and what

0:01:16.280 --> 0:01:18.760
<v Speaker 3>you are kind of focusing on at this point and

0:01:18.840 --> 0:01:23.520
<v Speaker 3>really tackling some really big areas and kind of putting

0:01:23.600 --> 0:01:25.880
<v Speaker 3>them together, and the importance of kind of thinking about

0:01:25.880 --> 0:01:28.800
<v Speaker 3>them together, and I mean genetics, biotech and AI.

0:01:29.240 --> 0:01:29.559
<v Speaker 4>Yeah.

0:01:29.600 --> 0:01:32.840
<v Speaker 2>So this book, in many ways, it's the culmination kind

0:01:32.880 --> 0:01:38.039
<v Speaker 2>of my entire life, and I'm trying to ask the

0:01:38.160 --> 0:01:42.480
<v Speaker 2>question is what do we do and how do we

0:01:42.720 --> 0:01:46.319
<v Speaker 2>manage these two most fundamental transformations of our lives? And

0:01:46.360 --> 0:01:49.200
<v Speaker 2>those two transformations are this is the moment, after three

0:01:49.200 --> 0:01:52.960
<v Speaker 2>point eight billion years of life on Earth, that our

0:01:53.080 --> 0:01:57.760
<v Speaker 2>one species has developed these two transformational superpowers, and that's

0:01:57.840 --> 0:02:02.520
<v Speaker 2>we are creating novel intelligence and have developed the capacity

0:02:02.600 --> 0:02:05.960
<v Speaker 2>to recast all of life, including our own.

0:02:06.480 --> 0:02:08.080
<v Speaker 4>And the one question.

0:02:07.800 --> 0:02:11.200
<v Speaker 2>That's going to determine whether our species thrives in the

0:02:11.200 --> 0:02:15.400
<v Speaker 2>future or doesn't is whether we can use these new

0:02:15.800 --> 0:02:20.760
<v Speaker 2>godlike superpowers wisely. And again, Carol, you mentioned my last book,

0:02:20.800 --> 0:02:25.079
<v Speaker 2>Hacking Darwin, was all about the future of human genetic engineering,

0:02:25.160 --> 0:02:26.919
<v Speaker 2>and then I was, as you and I have discussed,

0:02:27.200 --> 0:02:31.040
<v Speaker 2>deeply involved in the issues of pandemic origins. I was

0:02:31.080 --> 0:02:33.560
<v Speaker 2>a member of the World Health Organization Expert Committee on

0:02:33.639 --> 0:02:36.480
<v Speaker 2>Human Genome Mediting after the first Crisper babies were born.

0:02:37.000 --> 0:02:40.920
<v Speaker 2>And so I definitely am deeply involved in the science

0:02:41.200 --> 0:02:45.040
<v Speaker 2>of what these intersecting AI genetics and biotechnology revolutions mean,

0:02:45.120 --> 0:02:51.080
<v Speaker 2>and then the applications healthcare, agriculture, manufacturing, data.

0:02:50.800 --> 0:02:53.760
<v Speaker 4>Storage, and lots of other things. But then the question is, well,

0:02:53.760 --> 0:02:54.520
<v Speaker 4>how do we do it?

0:02:54.720 --> 0:02:56.919
<v Speaker 2>And so one is we need to be very cognizant

0:02:56.960 --> 0:03:00.240
<v Speaker 2>of the dangers, which are very real, and then we say,

0:03:00.320 --> 0:03:03.079
<v Speaker 2>what's the path forward, how do we do this wisely?

0:03:03.120 --> 0:03:05.600
<v Speaker 2>And what are the building blocks of getting to the

0:03:05.600 --> 0:03:07.320
<v Speaker 2>place where we want to be, Because if we get

0:03:07.320 --> 0:03:12.040
<v Speaker 2>this right, we can have much better healthcare, more abundant

0:03:12.080 --> 0:03:15.120
<v Speaker 2>foods for everybody around the world, and all kinds of

0:03:15.160 --> 0:03:18.000
<v Speaker 2>wonderful things. And we get it wrong, we can get

0:03:18.200 --> 0:03:22.600
<v Speaker 2>sin bio pandemics, we can crash ecosystems, we can undermine

0:03:22.639 --> 0:03:23.960
<v Speaker 2>our very humanity.

0:03:23.960 --> 0:03:25.440
<v Speaker 4>And that's why I've written a book for everyone.

0:03:25.440 --> 0:03:28.040
<v Speaker 2>I want people to take this book to the beach

0:03:28.120 --> 0:03:30.799
<v Speaker 2>and be comfortable and having fun reading it on the beach.

0:03:30.880 --> 0:03:33.080
<v Speaker 2>They go, that was a really easy read, but I

0:03:33.160 --> 0:03:35.760
<v Speaker 2>actually learned a lot and it sparked a lot of

0:03:35.800 --> 0:03:36.800
<v Speaker 2>meaningful conversations.

0:03:36.840 --> 0:03:39.280
<v Speaker 3>I have to say that I have been watching though

0:03:39.360 --> 0:03:43.000
<v Speaker 3>a video you did where you talked about the book.

0:03:43.560 --> 0:03:47.600
<v Speaker 3>You're in San Jose, California. You're competing in an ultra marathon.

0:03:48.280 --> 0:03:51.520
<v Speaker 3>It's raining, there's lots of mud. We're actually showing it

0:03:52.040 --> 0:03:54.640
<v Speaker 3>for our viewers right now. You talk about your hands

0:03:54.640 --> 0:03:58.000
<v Speaker 3>getting numb, you're sniffling because it's cold, it's raining.

0:03:58.280 --> 0:04:01.280
<v Speaker 5>Are you walking and running? Jamie, to clarify, here looks like.

0:04:01.840 --> 0:04:05.400
<v Speaker 2>It looks like I say, I am so honored that

0:04:05.480 --> 0:04:09.280
<v Speaker 2>you are sharing this with your viewers. So, for those

0:04:09.280 --> 0:04:12.360
<v Speaker 2>of you who don't do ultra marathons, ultra marathons are hard.

0:04:12.440 --> 0:04:14.360
<v Speaker 4>Ultra marathon is a race longer than a marathon.

0:04:14.400 --> 0:04:17.280
<v Speaker 2>The ones that I do are fifty kilometer thirty thirty

0:04:18.640 --> 0:04:22.279
<v Speaker 2>two mile races, and I do mountain trail runs. And

0:04:22.320 --> 0:04:25.560
<v Speaker 2>I was in San Jose speaking at sin Bio Beta,

0:04:25.640 --> 0:04:28.279
<v Speaker 2>which is the big synthetic biology conference that my friend

0:04:28.560 --> 0:04:30.400
<v Speaker 2>John Cumbers runs.

0:04:30.320 --> 0:04:32.080
<v Speaker 4>And I thought, oh, this is going to be easy.

0:04:32.120 --> 0:04:33.000
<v Speaker 4>Famous last words.

0:04:33.040 --> 0:04:34.799
<v Speaker 2>I'm just going to go the day before the conference

0:04:34.800 --> 0:04:36.600
<v Speaker 2>and I'll run this race San Jose.

0:04:36.720 --> 0:04:38.919
<v Speaker 4>The weather's perfect. How big could the hills be?

0:04:39.480 --> 0:04:41.840
<v Speaker 2>So it turns out the hills were pretty big, and

0:04:41.880 --> 0:04:46.279
<v Speaker 2>it turned out they had this uncharacteristic freezing like rainy,

0:04:46.400 --> 0:04:51.040
<v Speaker 2>slushy storm. And it was like you, I'm so much

0:04:51.040 --> 0:04:52.960
<v Speaker 2>older than you guys, but you know what a three

0:04:52.960 --> 0:04:55.960
<v Speaker 2>hour tour means when you know this is going to

0:04:56.000 --> 0:04:58.960
<v Speaker 2>be easy, like a three It was a three hour

0:04:59.000 --> 0:05:01.400
<v Speaker 2>tour and so and then I knew that I had

0:05:01.600 --> 0:05:04.359
<v Speaker 2>somebody had asked me to record a video about the book.

0:05:04.400 --> 0:05:07.159
<v Speaker 2>And I was walking up this hill at mile like

0:05:07.520 --> 0:05:10.159
<v Speaker 2>thirty and it was kind of this straight up you know,

0:05:10.200 --> 0:05:14.080
<v Speaker 2>I'm what can I do to record? It's like, you're

0:05:14.080 --> 0:05:16.280
<v Speaker 2>insane at those moments. I'm going to record a.

0:05:16.520 --> 0:05:19.120
<v Speaker 4>Record a video about this book. That seems like a

0:05:19.160 --> 0:05:19.919
<v Speaker 4>good idea.

0:05:19.960 --> 0:05:23.080
<v Speaker 3>So I didn't well, I was thinking about watching it,

0:05:23.120 --> 0:05:25.320
<v Speaker 3>and I was like, I feel, you know, you know,

0:05:25.360 --> 0:05:27.520
<v Speaker 3>when you're out in nature, you said times for me,

0:05:28.400 --> 0:05:31.599
<v Speaker 3>my brain opens up. I think differently, maybe more clearly,

0:05:31.760 --> 0:05:35.040
<v Speaker 3>about some of the big ideas and trends and innovations. Disruptions,

0:05:35.080 --> 0:05:36.360
<v Speaker 3>whatever the heck you want to call them, that are

0:05:36.360 --> 0:05:39.000
<v Speaker 3>coming at us big time. How do you cross nature

0:05:39.640 --> 0:05:41.880
<v Speaker 3>with some of these dynamic trends that are coming us

0:05:41.920 --> 0:05:47.320
<v Speaker 3>that will clearly test kind of natural evolutionary theory that

0:05:47.400 --> 0:05:49.080
<v Speaker 3>is dominated for so long.

0:05:50.120 --> 0:05:52.880
<v Speaker 2>This is why you're such a great journalist, Carroll, to

0:05:52.960 --> 0:05:55.320
<v Speaker 2>make such a smooth transition as that one.

0:05:55.360 --> 0:05:58.360
<v Speaker 4>And what I'll say is the things that we.

0:05:58.360 --> 0:06:03.680
<v Speaker 2>Call nature aren't natural. If you go to Whole Foods

0:06:03.760 --> 0:06:07.080
<v Speaker 2>and go to the fruits and vegetables section, you would

0:06:07.080 --> 0:06:10.479
<v Speaker 2>be hard pressed to find a fruit or a vegetable

0:06:11.040 --> 0:06:15.599
<v Speaker 2>that twenty thousand years ago existed in anything like its

0:06:15.680 --> 0:06:16.240
<v Speaker 2>current form.

0:06:16.320 --> 0:06:17.880
<v Speaker 4>It almost doesn't exist.

0:06:17.880 --> 0:06:21.080
<v Speaker 2>Maybe there's one or two things if you like, when

0:06:21.120 --> 0:06:23.479
<v Speaker 2>I was out hiking in San Jose, it seemed like

0:06:23.640 --> 0:06:26.000
<v Speaker 2>nature because there were a lot of trees. But nay,

0:06:26.200 --> 0:06:28.640
<v Speaker 2>if we mean by nature what it was like before

0:06:28.760 --> 0:06:33.000
<v Speaker 2>humans changed everything, Like, no one went hiking just for

0:06:33.080 --> 0:06:36.320
<v Speaker 2>fun because the saber toothed hiker will eat you if

0:06:36.360 --> 0:06:38.520
<v Speaker 2>you do that. And so the thing that we call

0:06:38.640 --> 0:06:43.599
<v Speaker 2>nature is just the world that our ancestors managed and manipulated,

0:06:43.680 --> 0:06:47.080
<v Speaker 2>like you're your dog, that your dog didn't exist fifty

0:06:47.120 --> 0:06:51.440
<v Speaker 2>thousand years ago, in this ing, in this format, none

0:06:51.480 --> 0:06:52.240
<v Speaker 2>of them exactly.

0:06:52.640 --> 0:06:54.400
<v Speaker 4>And so what and even if.

0:06:54.320 --> 0:06:58.960
<v Speaker 2>You are the most indigenous farmer in the highlands of Peru,

0:06:59.240 --> 0:07:03.480
<v Speaker 2>make it make growing keen waw from ancient varieties of seeds,

0:07:03.760 --> 0:07:08.240
<v Speaker 2>you are a radical biotechnologist. Much more the difference between

0:07:08.440 --> 0:07:12.880
<v Speaker 2>the precursors to our domesticated crops and our current non

0:07:13.000 --> 0:07:16.960
<v Speaker 2>GMO corn and our current GMO corn. The difference between

0:07:17.000 --> 0:07:21.840
<v Speaker 2>the precursors and corn is way more than the minuscule

0:07:21.880 --> 0:07:26.240
<v Speaker 2>difference between current corn. And so the starting point for

0:07:26.280 --> 0:07:28.640
<v Speaker 2>this has to be the choice that we are making

0:07:28.640 --> 0:07:32.920
<v Speaker 2>as a species is not natural ursus unnatural. It's how

0:07:32.920 --> 0:07:36.640
<v Speaker 2>do we interact with the living world that we have

0:07:36.680 --> 0:07:40.120
<v Speaker 2>been managing and manipulating for thousands of years and do

0:07:40.320 --> 0:07:45.920
<v Speaker 2>so in the smartest, most economical, safest, most sustainable way

0:07:46.440 --> 0:07:48.480
<v Speaker 2>to achieve the things that we want to achieve.

0:07:48.480 --> 0:07:49.160
<v Speaker 4>And what are those things?

0:07:49.160 --> 0:07:52.800
<v Speaker 2>Well, we don't want to die of terrible cancer. We

0:07:52.880 --> 0:07:55.920
<v Speaker 2>want to have gene therapy. So somebody who's born with

0:07:55.960 --> 0:07:59.120
<v Speaker 2>something like sickle cell disease rather than living a life

0:07:59.120 --> 0:08:02.960
<v Speaker 2>of excruciating pain and then dying prematurely and live a

0:08:03.000 --> 0:08:03.600
<v Speaker 2>normal life.

0:08:03.640 --> 0:08:05.240
<v Speaker 4>We want to grow more.

0:08:05.080 --> 0:08:07.960
<v Speaker 2>Crops on less land to feed more people.

0:08:08.040 --> 0:08:11.000
<v Speaker 5>So, Jamie, my question for you is, after doing the

0:08:11.040 --> 0:08:13.280
<v Speaker 5>research and reporting for this book and your other books,

0:08:13.680 --> 0:08:15.760
<v Speaker 5>how do you live your life differently? What do you

0:08:15.840 --> 0:08:18.400
<v Speaker 5>eat that's different? What do you do that's different than

0:08:18.440 --> 0:08:20.160
<v Speaker 5>you used to do now that you found all this

0:08:20.200 --> 0:08:20.800
<v Speaker 5>through research?

0:08:21.600 --> 0:08:23.840
<v Speaker 2>Yeah, so you know, it's funny people ask me this

0:08:23.920 --> 0:08:26.480
<v Speaker 2>a lot because I'm deeply involved in the world of,

0:08:26.600 --> 0:08:28.920
<v Speaker 2>for example, the science of human life extension.

0:08:29.040 --> 0:08:30.520
<v Speaker 4>And everyone says, oh, you must.

0:08:30.360 --> 0:08:34.200
<v Speaker 2>Be taking the NAD plus boosters and med foremen, and

0:08:34.240 --> 0:08:37.679
<v Speaker 2>you must be like doing like the thing where they

0:08:38.440 --> 0:08:41.360
<v Speaker 2>cut open the old and young mice and sew them together.

0:08:41.400 --> 0:08:42.720
<v Speaker 4>You must be.

0:08:42.280 --> 0:08:45.640
<v Speaker 2>Doing that with I don't know who, or your girlfriend

0:08:45.920 --> 0:08:47.600
<v Speaker 2>or something, and I don't do any of that.

0:08:48.440 --> 0:08:50.679
<v Speaker 4>What I do is a few things.

0:08:50.840 --> 0:08:54.000
<v Speaker 2>One just in terms of my personal life. I exercise

0:08:54.040 --> 0:08:55.880
<v Speaker 2>an hour a day and eat healthy and do all

0:08:55.960 --> 0:08:59.640
<v Speaker 2>those blue zone things that everybody knows you're supposed to

0:08:59.720 --> 0:09:04.719
<v Speaker 2>do and are hard to do. Certainly in my healthcare

0:09:05.200 --> 0:09:07.000
<v Speaker 2>I try to get ahead of the curve because I

0:09:07.000 --> 0:09:08.960
<v Speaker 2>write about the future of healthcare in the book, and

0:09:09.440 --> 0:09:11.960
<v Speaker 2>where we're going is from our current world of healthcare

0:09:12.000 --> 0:09:14.800
<v Speaker 2>based on population averages. You have a headache and you

0:09:14.920 --> 0:09:17.400
<v Speaker 2>go to CVS and you pick up a tile and

0:09:17.440 --> 0:09:22.280
<v Speaker 2>all to our new world of healthcare precision or personalized

0:09:22.320 --> 0:09:24.520
<v Speaker 2>health care based on each person's individual biology.

0:09:24.559 --> 0:09:26.239
<v Speaker 4>Because you know a small.

0:09:25.960 --> 0:09:27.600
<v Speaker 2>Percentage of people who take a tile and I will

0:09:27.640 --> 0:09:30.440
<v Speaker 2>have a terrible adverse reaction and could even die. And

0:09:30.480 --> 0:09:33.120
<v Speaker 2>so better to know you're one of those people before

0:09:33.160 --> 0:09:36.560
<v Speaker 2>you take the tile. And that's true for cancer therapies.

0:09:36.040 --> 0:09:36.880
<v Speaker 4>And all of that.

0:09:37.040 --> 0:09:40.520
<v Speaker 2>So in that process, we're gaining a lot of information

0:09:40.800 --> 0:09:44.719
<v Speaker 2>about systems biology, so the complexity of human biology.

0:09:44.880 --> 0:09:45.040
<v Speaker 4>Right.

0:09:45.200 --> 0:09:47.800
<v Speaker 2>And then that's the next shift in our healthcare, which

0:09:47.880 --> 0:09:52.400
<v Speaker 2>is from precision to predictive and preventive, where with all

0:09:52.440 --> 0:09:54.960
<v Speaker 2>of this data and the formula for all of this

0:09:55.000 --> 0:09:58.679
<v Speaker 2>stuff is the more high quality data you have, the

0:09:58.720 --> 0:10:01.839
<v Speaker 2>more computing power, stronger algorithms, the more we're going to

0:10:01.880 --> 0:10:04.800
<v Speaker 2>be able to decipher actionable patterns. That's going to change

0:10:04.800 --> 0:10:06.840
<v Speaker 2>healthcare and industry and agriculture and everything.

0:10:06.880 --> 0:10:09.160
<v Speaker 3>Amen, Hey, listen, do not go anywhere. Jamie's going to

0:10:09.200 --> 0:10:12.120
<v Speaker 3>stay with us. Jamie Metzil we're talking with about his

0:10:12.200 --> 0:10:15.400
<v Speaker 3>new book Super Convergence, How the genetics, biotech and AI

0:10:15.440 --> 0:10:19.960
<v Speaker 3>revolutions will transform our lives, work, and world, including a

0:10:20.040 --> 0:10:22.520
<v Speaker 3>chapter on what possibly could go wrong. So we're going

0:10:22.559 --> 0:10:24.319
<v Speaker 3>to get into that. That's coming up next. I want

0:10:24.360 --> 0:10:26.319
<v Speaker 3>to get back to Jamie Metzil, Senior Fellow at the

0:10:26.320 --> 0:10:29.360
<v Speaker 3>Atlanta Council, founder and chair of the nonprofit on Shared World.

0:10:29.800 --> 0:10:33.000
<v Speaker 3>We are talking about his new book out on Tuesday,

0:10:33.080 --> 0:10:37.160
<v Speaker 3>Super Convergence, How the genetics, biotech and AI revolutions will

0:10:37.200 --> 0:10:40.280
<v Speaker 3>transform our lives, work, and world. He is still with

0:10:40.400 --> 0:10:43.160
<v Speaker 3>us here in New York City. Hey, Jamie, one thing

0:10:43.160 --> 0:10:45.360
<v Speaker 3>I wanted to ask you. The way the book starts,

0:10:45.400 --> 0:10:47.760
<v Speaker 3>you have two quotes, but you say this is from

0:10:47.760 --> 0:10:50.520
<v Speaker 3>Stuart Brand. We are as gods and might as well

0:10:50.559 --> 0:10:51.520
<v Speaker 3>get good at it.

0:10:52.720 --> 0:10:52.840
<v Speaker 2>Ye.

0:10:53.200 --> 0:10:55.840
<v Speaker 3>What's the message there? It feels pretty powerful.

0:10:56.559 --> 0:11:03.240
<v Speaker 2>For millennia, our ancestor is imagined these all powerful gods.

0:11:03.320 --> 0:11:07.319
<v Speaker 2>They could create new stuff, they could recast life, they

0:11:07.360 --> 0:11:11.839
<v Speaker 2>could grant people's wishes to live extra life. They could

0:11:11.920 --> 0:11:16.319
<v Speaker 2>transform the world around them. We can now do all

0:11:16.400 --> 0:11:19.360
<v Speaker 2>of those things. So we are in many ways not

0:11:19.400 --> 0:11:23.120
<v Speaker 2>and always amaze. We are the all powerful gods that

0:11:23.160 --> 0:11:27.680
<v Speaker 2>we have imagined in our past, and just like we've

0:11:27.679 --> 0:11:32.280
<v Speaker 2>imagined those gods can build and destroy, we can build

0:11:32.360 --> 0:11:35.680
<v Speaker 2>and destroy. And so now we have these superpowers and

0:11:35.760 --> 0:11:38.040
<v Speaker 2>the question is are we going to use them to

0:11:38.240 --> 0:11:42.440
<v Speaker 2>build to make a better future for us individually, for

0:11:42.520 --> 0:11:45.800
<v Speaker 2>our companies, for our countries, and for our world, and

0:11:45.880 --> 0:11:49.640
<v Speaker 2>do it in really practical ways, or are we just

0:11:49.720 --> 0:11:52.439
<v Speaker 2>going to not do what needs to be to not

0:11:52.600 --> 0:11:58.040
<v Speaker 2>create the right frameworks and governance and values and accountability

0:11:58.040 --> 0:12:00.679
<v Speaker 2>and all the things that are required to make sure

0:12:00.720 --> 0:12:04.320
<v Speaker 2>this story has as happy of a process, because there's

0:12:04.320 --> 0:12:07.800
<v Speaker 2>no ending process as possible. If we don't do those things,

0:12:07.840 --> 0:12:09.319
<v Speaker 2>we're really going to be in trouble.

0:12:09.360 --> 0:12:10.960
<v Speaker 4>And that's why I've written the book.

0:12:10.960 --> 0:12:15.559
<v Speaker 2>That's why I'm so passionate about bringing everybody into this conversation,

0:12:15.920 --> 0:12:19.200
<v Speaker 2>because it's in the early when you're doing anything, starting

0:12:19.240 --> 0:12:22.079
<v Speaker 2>a company, that's when you need to say, hey, here's

0:12:22.080 --> 0:12:25.079
<v Speaker 2>what we stand for, here are our values right, and

0:12:25.120 --> 0:12:28.360
<v Speaker 2>then everything gets built on that. If we don't have

0:12:28.400 --> 0:12:30.920
<v Speaker 2>a conversation of what we're trying to achieve, who we are,

0:12:31.360 --> 0:12:33.280
<v Speaker 2>and what are the core values that are going to

0:12:33.280 --> 0:12:35.680
<v Speaker 2>guide us, If we make this a conversation just about

0:12:35.679 --> 0:12:38.640
<v Speaker 2>the technology itself, we're going to wind up in a

0:12:38.760 --> 0:12:41.160
<v Speaker 2>very unfamiliar and most likely scary place.

0:12:41.280 --> 0:12:43.720
<v Speaker 3>I have to say, I'm already scared because I question

0:12:43.960 --> 0:12:47.160
<v Speaker 3>the moral values and ethics that I feel like people

0:12:47.200 --> 0:12:51.640
<v Speaker 3>have really lost. I want to ask you, genetics, biotech, AI,

0:12:52.360 --> 0:12:56.960
<v Speaker 3>what worries you the most that we could get wrong?

0:12:57.360 --> 0:12:59.280
<v Speaker 3>And there is a chapter about what could go wrong

0:12:59.360 --> 0:13:01.000
<v Speaker 3>in general, and that's.

0:13:00.280 --> 0:13:03.880
<v Speaker 2>What I'll say, in general and then specific. There is

0:13:03.920 --> 0:13:10.200
<v Speaker 2>a reason why anxiety has been preserved by evolution. Anxiety

0:13:10.240 --> 0:13:13.240
<v Speaker 2>is actually a really healthy emotion for us and for

0:13:13.320 --> 0:13:17.480
<v Speaker 2>every animal, because we're afraid of things, and that is

0:13:17.520 --> 0:13:21.040
<v Speaker 2>what inspires us to say, Hey, this terrible thing could happen.

0:13:21.120 --> 0:13:23.760
<v Speaker 2>I could be eaten by some horrible animal. So I'm

0:13:23.760 --> 0:13:27.240
<v Speaker 2>going to start planning so that that doesn't happen. And

0:13:27.280 --> 0:13:29.680
<v Speaker 2>so these fears that we have, I mean, there's some

0:13:29.720 --> 0:13:31.920
<v Speaker 2>people who are just such techno optimists.

0:13:31.960 --> 0:13:33.880
<v Speaker 4>They say, just do nothing in the future is going

0:13:33.920 --> 0:13:35.360
<v Speaker 4>to be great. That is not true.

0:13:35.800 --> 0:13:38.040
<v Speaker 2>Bad things could happen. We need to be honest now

0:13:38.160 --> 0:13:40.440
<v Speaker 2>about what they are. A few of them that I

0:13:40.520 --> 0:13:43.719
<v Speaker 2>highlight in the book. One, as I mentioned I was

0:13:43.760 --> 0:13:46.560
<v Speaker 2>a member of the World Health Organization Expert Advisory Committee

0:13:46.559 --> 0:13:50.600
<v Speaker 2>on Human Genome and doctor Tendros, the director of the

0:13:50.679 --> 0:13:54.400
<v Speaker 2>who created that after the world's first crisper babies were

0:13:54.400 --> 0:13:55.839
<v Speaker 2>born in China in twenty eighteen.

0:13:55.880 --> 0:13:57.240
<v Speaker 4>That was a terrible violation.

0:13:57.760 --> 0:14:00.240
<v Speaker 2>If we just say, hey, let's just do whatever willy

0:14:00.320 --> 0:14:04.240
<v Speaker 2>nilly human experimentation, we're going to wind up with more

0:14:04.360 --> 0:14:08.400
<v Speaker 2>Nuremberg trials and those kinds of violations. We have the

0:14:08.440 --> 0:14:13.040
<v Speaker 2>capacity to use gene drives, which is basically we weaponize

0:14:14.240 --> 0:14:19.720
<v Speaker 2>We put a little molecular scissors almost into the sex

0:14:19.880 --> 0:14:23.400
<v Speaker 2>cells that pass between animals, and we could use it

0:14:23.560 --> 0:14:27.000
<v Speaker 2>to wipe out mallarial mosquitoes, and that would be great.

0:14:27.000 --> 0:14:28.520
<v Speaker 4>We could save a million lives per year.

0:14:29.120 --> 0:14:33.360
<v Speaker 2>But we don't know how these full ecosystems work, and

0:14:33.400 --> 0:14:37.080
<v Speaker 2>if we're not careful, we could also crash whole ecosystems.

0:14:37.120 --> 0:14:40.120
<v Speaker 2>Not because we're trying to do harm, because we're trying

0:14:40.160 --> 0:14:42.600
<v Speaker 2>to do good. And as you and I have talked

0:14:42.600 --> 0:14:45.640
<v Speaker 2>about this before, Carol, but I've been in the middle

0:14:46.120 --> 0:14:47.960
<v Speaker 2>for the last almost four and a half years of

0:14:47.960 --> 0:14:51.040
<v Speaker 2>this debate about COVID nineteen origins, and it's my view

0:14:51.080 --> 0:14:55.640
<v Speaker 2>that the preponderance of the available evidence suggests a research

0:14:55.760 --> 0:15:01.520
<v Speaker 2>related origin in Wuhan. And it's very likely that these

0:15:01.600 --> 0:15:04.440
<v Speaker 2>Chinese scientists who weren't trying to create bioweapons, but were

0:15:04.480 --> 0:15:08.520
<v Speaker 2>most likely trying to create a pan coronavirus vaccine and

0:15:08.560 --> 0:15:11.560
<v Speaker 2>had an accident and didn't realize what had happened, and

0:15:11.600 --> 0:15:15.360
<v Speaker 2>then things got worse and worse. So it's not just

0:15:15.400 --> 0:15:19.000
<v Speaker 2>that we're going to have doctor evil doing bad stuff.

0:15:19.000 --> 0:15:21.800
<v Speaker 2>It could be that well intentioned people, people who are

0:15:22.120 --> 0:15:28.160
<v Speaker 2>trying to prevent terrible diseases, or to stop malarial mosquitos,

0:15:28.240 --> 0:15:31.000
<v Speaker 2>or all sorts of things. And that's why, again and again,

0:15:31.040 --> 0:15:32.520
<v Speaker 2>I keep going back to values.

0:15:32.840 --> 0:15:35.360
<v Speaker 4>Right, it's establishing the north star? Where are we heading?

0:15:35.560 --> 0:15:37.080
<v Speaker 3>That makes us think about TIM and I talk a

0:15:37.120 --> 0:15:37.760
<v Speaker 3>lot about AI.

0:15:37.960 --> 0:15:40.360
<v Speaker 5>Yeah, so, Jamie, my question for you is where could

0:15:40.400 --> 0:15:42.960
<v Speaker 5>AI go wrong? And where what are the indications and

0:15:43.040 --> 0:15:44.560
<v Speaker 5>now about the direction that it's moving in.

0:15:44.880 --> 0:15:47.240
<v Speaker 4>Yeah, so this is it's such an important question. It's

0:15:47.280 --> 0:15:49.080
<v Speaker 4>the same question as we speak today.

0:15:49.520 --> 0:15:53.520
<v Speaker 2>Pope Francis has gone from Rome to Pulia for the

0:15:53.640 --> 0:15:56.880
<v Speaker 2>G seven summit, and the reason he's gone is to

0:15:56.920 --> 0:16:01.240
<v Speaker 2>participate in the conversation about about f and the future

0:16:01.360 --> 0:16:05.000
<v Speaker 2>of AI. So AI, like all of these technologies can

0:16:05.040 --> 0:16:08.200
<v Speaker 2>be used for good or for ill, and we're seeing

0:16:08.280 --> 0:16:12.040
<v Speaker 2>both of those things right now. We're seeing AI being

0:16:12.280 --> 0:16:15.640
<v Speaker 2>applied in healthcare settings and agriculture and all these other

0:16:15.760 --> 0:16:20.160
<v Speaker 2>areas in companies, and it's helping solve real problems in

0:16:20.360 --> 0:16:27.360
<v Speaker 2>very practical ways. And we're seeing deep fakes, manipulations, all

0:16:27.480 --> 0:16:30.040
<v Speaker 2>kinds of problems with AI.

0:16:30.160 --> 0:16:32.240
<v Speaker 4>And these are just the early days.

0:16:32.760 --> 0:16:35.560
<v Speaker 2>And right now, when people think about AI, most people think,

0:16:35.560 --> 0:16:38.440
<v Speaker 2>oh AI equals chat GPT, like I'm going to go

0:16:38.480 --> 0:16:42.080
<v Speaker 2>to this website and then I'm gonna do AI. But

0:16:42.160 --> 0:16:44.760
<v Speaker 2>if I were to ask you, guys, how did electricity

0:16:44.840 --> 0:16:49.640
<v Speaker 2>influence your life today, It's an unanswerable question because electricity

0:16:49.640 --> 0:16:51.920
<v Speaker 2>it's in your alarm clock, it's in your house, it's

0:16:51.960 --> 0:16:55.160
<v Speaker 2>in your air conditioning, it's in the microphone, it's in

0:16:55.240 --> 0:16:58.640
<v Speaker 2>our clothes, it's in our haircuts. It's just electricity is

0:16:58.760 --> 0:17:02.280
<v Speaker 2>part of everything that we do. And these technologies are

0:17:02.320 --> 0:17:04.520
<v Speaker 2>going to be part of everything that we do, part

0:17:04.520 --> 0:17:09.080
<v Speaker 2>of our accounting systems, our interacting systems, how we interact

0:17:09.160 --> 0:17:13.560
<v Speaker 2>with the world, how everything is made right. And that's

0:17:13.600 --> 0:17:18.920
<v Speaker 2>why we need to think systemically and systematically about about

0:17:18.960 --> 0:17:21.200
<v Speaker 2>these these technologies, and there are some of these people

0:17:21.200 --> 0:17:24.000
<v Speaker 2>who say, oh, just no regulation, government, get out of

0:17:24.000 --> 0:17:24.240
<v Speaker 2>the way.

0:17:24.240 --> 0:17:25.480
<v Speaker 4>That's the last thing we need.

0:17:25.480 --> 0:17:28.240
<v Speaker 2>We need wise governance and wise regulation.

0:17:28.440 --> 0:17:31.040
<v Speaker 3>Yeah, everything, Well, my dad say everything in moderation. I

0:17:31.040 --> 0:17:33.080
<v Speaker 3>know everybody's dad says that or mom says that, but

0:17:33.600 --> 0:17:36.919
<v Speaker 3>it's also everything. Like you gotta have some oversight of

0:17:37.000 --> 0:17:40.560
<v Speaker 3>all this stuff. Jamie, good luck, so much fun to

0:17:40.600 --> 0:17:43.159
<v Speaker 3>catch up with you again. Thank you so much for

0:17:43.200 --> 0:17:46.040
<v Speaker 3>finding time for us once again here at Bloomberg. Jamie,

0:17:46.080 --> 0:17:46.840
<v Speaker 3>take care you well.

0:17:47.080 --> 0:17:49.400
<v Speaker 5>Good luck also in the future ultra marathons.

0:17:49.480 --> 0:17:52.040
<v Speaker 3>I know he's pretty impressive. I love I highly recommend

0:17:52.080 --> 0:17:53.960
<v Speaker 3>you check out that YouTube video because he really does

0:17:53.960 --> 0:17:55.680
<v Speaker 3>go through so much of the book and like I said,

0:17:55.680 --> 0:17:58.760
<v Speaker 3>it's raining, there's mud. Jimmie is, of course, senior fellow

0:17:58.760 --> 0:18:01.040
<v Speaker 3>at the Atlanta Council, founder chair of the nonprofit One

0:18:01.040 --> 0:18:04.280
<v Speaker 3>Shared World. Check out his new book super Convergence, How

0:18:04.320 --> 0:18:07.560
<v Speaker 3>the genetics, biotech and AI revolutions will transform our lives

0:18:07.560 --> 0:18:08.199
<v Speaker 3>work in World WI.

0:18:09.040 --> 0:18:13.439
<v Speaker 1>This is Bloomberg Business Week inside from the reporters and

0:18:13.600 --> 0:18:17.199
<v Speaker 1>editors who bring you America's most trusted business magazine, plus

0:18:17.280 --> 0:18:21.199
<v Speaker 1>global business, finance and tech news as it happenss Bloomberg

0:18:21.240 --> 0:18:26.359
<v Speaker 1>Business Week with Carol Messer and Tim Stenebeck on Bloomberg Radio.

0:18:27.520 --> 0:18:31.000
<v Speaker 5>It is Bloomberg Business Week. Well we talk about alts

0:18:31.040 --> 0:18:36.600
<v Speaker 5>a lot, alternative investing. What about so called alternative MBAs?

0:18:38.400 --> 0:18:40.720
<v Speaker 5>You want to say again, it's been.

0:18:40.720 --> 0:18:41.480
<v Speaker 3>One of those days.

0:18:41.640 --> 0:18:41.800
<v Speaker 2>Well.

0:18:41.800 --> 0:18:45.159
<v Speaker 3>As Bloomberg Business Week contributor Rob Mandelbaum wrote in a

0:18:45.200 --> 0:18:48.159
<v Speaker 3>recent story for Bloomberg Business Week, development of alternative and

0:18:48.200 --> 0:18:52.359
<v Speaker 3>online NBA programs are infod today as traditional business schools

0:18:52.359 --> 0:18:55.439
<v Speaker 3>simultaneously grow more expensive and less popular. I kind of

0:18:55.440 --> 0:18:56.400
<v Speaker 3>get this story in a big way.

0:18:56.520 --> 0:18:59.000
<v Speaker 5>One company offering such a program is the corporate training

0:18:59.160 --> 0:19:02.879
<v Speaker 5>firm Ability, which has a comprehensive business skills course that

0:19:02.960 --> 0:19:06.359
<v Speaker 5>stylized as a twelve week MBA. The program is built

0:19:06.359 --> 0:19:09.720
<v Speaker 5>around simulations of real life business and management decision making.

0:19:10.000 --> 0:19:13.280
<v Speaker 5>We've got with us. The CEO of Ability, Beyond, Bill Hart,

0:19:13.320 --> 0:19:16.159
<v Speaker 5>is here in the Bloomberg Interactive Broker's studio along with

0:19:16.280 --> 0:19:20.040
<v Speaker 5>Dimitro Cassanids, who is Bloomberg News Senior editor. The editor

0:19:20.080 --> 0:19:22.280
<v Speaker 5>on the piece that I just read from. By the way,

0:19:22.320 --> 0:19:25.439
<v Speaker 5>from Bloomberg BusinessWeek contributor Rob Mandelbaum, who wrote about this

0:19:26.359 --> 0:19:27.879
<v Speaker 5>you and I do want to start with you because

0:19:28.440 --> 0:19:30.680
<v Speaker 5>you got your MBA at Harvard Business School, Like, let's

0:19:30.680 --> 0:19:33.000
<v Speaker 5>be honest, there's that's like the epitome of the NBA.

0:19:33.080 --> 0:19:36.399
<v Speaker 5>It doesn't get any more like traditional MBA than Harvard

0:19:36.440 --> 0:19:39.119
<v Speaker 5>Business School. But you're also quick to point out that

0:19:39.160 --> 0:19:42.520
<v Speaker 5>your program isn't supposed to replace a traditional MBA.

0:19:42.600 --> 0:19:43.040
<v Speaker 4>Who's it for?

0:19:43.720 --> 0:19:46.679
<v Speaker 6>Yeah, it is not supposed to replace Harvard Business School.

0:19:46.960 --> 0:19:48.960
<v Speaker 6>In fact, I should I should say that I got

0:19:49.000 --> 0:19:51.680
<v Speaker 6>the best ROI out of Harvard Business School. Has met

0:19:51.680 --> 0:19:55.520
<v Speaker 6>my wife there, so I have fun memory.

0:19:55.640 --> 0:19:57.760
<v Speaker 5>He said that one is good.

0:19:57.840 --> 0:20:00.800
<v Speaker 6>Yes, I have fun memories of my two year But

0:20:01.040 --> 0:20:03.120
<v Speaker 6>the truth is there are in the US right now

0:20:03.160 --> 0:20:05.800
<v Speaker 6>one hundred and fifty thousand new MBAs every year and

0:20:05.880 --> 0:20:09.240
<v Speaker 6>over a million new management positions. So close to ninety

0:20:09.240 --> 0:20:13.560
<v Speaker 6>percent of new managers never set foot in a MBA

0:20:13.720 --> 0:20:17.280
<v Speaker 6>in the Hollard Halls of Harvard or other NBA schools,

0:20:17.480 --> 0:20:20.239
<v Speaker 6>and so there's this huge gap of people that have

0:20:20.280 --> 0:20:23.520
<v Speaker 6>an undergraduate degree in history and biology but are moving

0:20:23.560 --> 0:20:27.480
<v Speaker 6>into corporate jobs and need to understand what an income statement,

0:20:27.520 --> 0:20:29.240
<v Speaker 6>what a balance she looks like as they become a

0:20:29.320 --> 0:20:32.200
<v Speaker 6>leader of people. They need to understand how to manage others,

0:20:32.200 --> 0:20:36.480
<v Speaker 6>they need to understand how to collaborate and cross functional projects.

0:20:36.680 --> 0:20:40.080
<v Speaker 6>And so there's this need where ninety percent of the

0:20:40.119 --> 0:20:43.640
<v Speaker 6>people moving into these leadership roles don't have the time,

0:20:43.680 --> 0:20:46.320
<v Speaker 6>don't have the energy to again through your career perhaps

0:20:46.720 --> 0:20:49.000
<v Speaker 6>or the money exactly. Demeter, I want to.

0:20:48.960 --> 0:20:52.359
<v Speaker 3>Bring you into it that you follow you cover you,

0:20:52.359 --> 0:20:54.520
<v Speaker 3>you know, report out and work with the team to

0:20:54.560 --> 0:20:56.840
<v Speaker 3>like cover everything in anything when it comes to NBA

0:20:56.880 --> 0:21:00.600
<v Speaker 3>programs around the world. When this came across your when

0:21:00.600 --> 0:21:02.680
<v Speaker 3>you're talking to Rob, what is it that you wanted

0:21:02.720 --> 0:21:05.760
<v Speaker 3>to know about in kind of what is going on

0:21:05.840 --> 0:21:07.120
<v Speaker 3>and what do you want to ask our guests?

0:21:07.200 --> 0:21:09.399
<v Speaker 7>Yeah, I mean the first question was what are you

0:21:09.400 --> 0:21:11.960
<v Speaker 7>intending to do because you're calling it the twelve week MBA,

0:21:12.760 --> 0:21:14.520
<v Speaker 7>But beyond that, it was really to get a better

0:21:14.560 --> 0:21:16.879
<v Speaker 7>sense of what can you reasonably teach in that period

0:21:16.880 --> 0:21:19.800
<v Speaker 7>of time and how can you do it? They're doing it,

0:21:19.880 --> 0:21:23.159
<v Speaker 7>you know, largely online. You know, what are we going

0:21:23.200 --> 0:21:25.119
<v Speaker 7>to see in the way of these programs, because I

0:21:25.119 --> 0:21:27.400
<v Speaker 7>think there is It's not just the number of positions

0:21:27.400 --> 0:21:30.040
<v Speaker 7>that jorn mentions, there's the interest and the desire to

0:21:30.640 --> 0:21:33.040
<v Speaker 7>move into those positions because of the potential that they

0:21:33.080 --> 0:21:36.320
<v Speaker 7>offer for earnings and more. And yet business schools are

0:21:36.480 --> 0:21:40.000
<v Speaker 7>incredibly expensive, right, so you know what, what can you

0:21:40.080 --> 0:21:43.479
<v Speaker 7>actually train for in the way that you're training and

0:21:43.760 --> 0:21:45.320
<v Speaker 7>is that really going to make a difference when they

0:21:45.400 --> 0:21:48.080
<v Speaker 7>land in that job? Is it actually going to serve them?

0:21:48.920 --> 0:21:52.080
<v Speaker 6>Great question? And the truth is in twelve weeks, it's

0:21:52.080 --> 0:21:54.640
<v Speaker 6>also not just twelve week it's part it's part time,

0:21:54.760 --> 0:21:58.280
<v Speaker 6>and it's virtual. So it is a very short certificate program.

0:21:58.960 --> 0:22:01.679
<v Speaker 6>It's not a full MBA, of course, it's it is

0:22:01.720 --> 0:22:05.240
<v Speaker 6>not meant to be. The truth is though, that most

0:22:05.240 --> 0:22:07.640
<v Speaker 6>people don't need all of the things that you learn

0:22:07.680 --> 0:22:09.879
<v Speaker 6>in a two year program in business. This is not

0:22:09.960 --> 0:22:12.920
<v Speaker 6>like law school or medical school, where you don't want

0:22:12.960 --> 0:22:15.560
<v Speaker 6>a lawyer, you don't want a doctor operating on you

0:22:16.160 --> 0:22:19.119
<v Speaker 6>without a full degree. It is very clear that there

0:22:19.119 --> 0:22:22.840
<v Speaker 6>are a lot of business leaders that are extremely successful

0:22:22.840 --> 0:22:26.440
<v Speaker 6>without ever having had an MBA. So unlike those other

0:22:26.480 --> 0:22:31.440
<v Speaker 6>professional certificates, there isn't necessarily the need to learn two

0:22:31.520 --> 0:22:35.240
<v Speaker 6>years worth of study. And so for many people who

0:22:35.280 --> 0:22:37.200
<v Speaker 6>don't have the luxury of going back to an MBA,

0:22:37.400 --> 0:22:38.359
<v Speaker 6>there's an alternative to.

0:22:38.320 --> 0:22:40.119
<v Speaker 3>Build a one demetor said that, are these people that

0:22:40.119 --> 0:22:42.280
<v Speaker 3>aren't going to be CEO but are going to be

0:22:42.280 --> 0:22:44.600
<v Speaker 3>other type of managers? Like who is this for?

0:22:45.359 --> 0:22:48.760
<v Speaker 6>It's for anyone that is moving into leadership roles in

0:22:48.920 --> 0:22:51.640
<v Speaker 6>companies or is planning to move into leadership roles over

0:22:51.680 --> 0:22:52.880
<v Speaker 6>the next five ten years.

0:22:52.920 --> 0:22:55.199
<v Speaker 3>Or is it like an executive you know program, like

0:22:55.440 --> 0:22:58.000
<v Speaker 3>you know, I remember Columbia, like working at Columbia, and

0:22:58.119 --> 0:22:59.880
<v Speaker 3>like that was a big part that they would bring

0:23:00.040 --> 0:23:02.200
<v Speaker 3>people in from companies who did I can't remember how

0:23:02.200 --> 0:23:04.240
<v Speaker 3>long it was a few weeks or a few I

0:23:04.240 --> 0:23:07.640
<v Speaker 3>don't know, like a one summer, yeah, like every friday,

0:23:07.840 --> 0:23:09.879
<v Speaker 3>you know, once a month kind of thing. So is

0:23:09.920 --> 0:23:10.760
<v Speaker 3>it like that.

0:23:11.119 --> 0:23:14.080
<v Speaker 6>It's like that, but it's not for executives, right, So

0:23:14.119 --> 0:23:16.840
<v Speaker 6>the executive MBAs are very expensive. They're twenty thousand and

0:23:16.840 --> 0:23:19.840
<v Speaker 6>thirty thousand dollars. Sometimes this program is two thousand dollars,

0:23:20.040 --> 0:23:22.480
<v Speaker 6>So it's a it's the price of a conference that

0:23:22.520 --> 0:23:24.959
<v Speaker 6>someone can go to. So it's meant for people that

0:23:25.119 --> 0:23:28.040
<v Speaker 6>are not at the executive's level level, at the executive

0:23:28.119 --> 0:23:31.840
<v Speaker 6>level yet, but that are thinking about maybe becoming a

0:23:31.880 --> 0:23:35.960
<v Speaker 6>team manager or are starting to manage others starting to

0:23:36.000 --> 0:23:39.400
<v Speaker 6>get into leadership roles where understanding and income statement, balance

0:23:39.400 --> 0:23:40.920
<v Speaker 6>sheet is becoming more important.

0:23:41.119 --> 0:23:41.320
<v Speaker 4>Right.

0:23:42.040 --> 0:23:43.840
<v Speaker 5>I do want to know about the content of the

0:23:43.880 --> 0:23:46.520
<v Speaker 5>courses because one thing that I found so interesting about

0:23:46.600 --> 0:23:50.399
<v Speaker 5>Rob's piece Bjorn, is the gamification here and the idea

0:23:50.520 --> 0:23:53.080
<v Speaker 5>that you're sort of competing with other folks and AI

0:23:53.320 --> 0:23:57.240
<v Speaker 5>is kind of the backdrop here. Explain what the coursework

0:23:57.400 --> 0:23:59.840
<v Speaker 5>is because it's it's not necessarily what you'd find in

0:24:00.240 --> 0:24:01.840
<v Speaker 5>quote unquote traditional business school.

0:24:02.040 --> 0:24:03.800
<v Speaker 6>Yeah, and I think that's the other disruption that I

0:24:03.800 --> 0:24:06.359
<v Speaker 6>think is happening now. So in the in the twelve

0:24:06.400 --> 0:24:09.400
<v Speaker 6>week NBA, there are no lectures, there are no power points,

0:24:09.680 --> 0:24:12.560
<v Speaker 6>there is no e learning. In those twelve weeks, you're

0:24:12.840 --> 0:24:15.960
<v Speaker 6>actually in a simulated environment where you become CEO of

0:24:15.960 --> 0:24:18.800
<v Speaker 6>a company. You have to compete with others and virtual teams,

0:24:19.119 --> 0:24:22.760
<v Speaker 6>and it's super fun, super engaging and allows you to

0:24:22.840 --> 0:24:26.440
<v Speaker 6>see business from different vantage points. You know, from the

0:24:26.520 --> 0:24:29.800
<v Speaker 6>vantage point CEO, vantage point of VP of sales operations,

0:24:30.400 --> 0:24:33.200
<v Speaker 6>and learn by doing, learn by making mistakes and then

0:24:33.400 --> 0:24:37.240
<v Speaker 6>having a facilitator who comes in and points out what

0:24:37.320 --> 0:24:39.960
<v Speaker 6>mistakes were made. As the teams competed with each other.

0:24:40.080 --> 0:24:43.040
<v Speaker 5>Facilitator being another person or is this like another part

0:24:43.080 --> 0:24:43.440
<v Speaker 5>of AI.

0:24:44.040 --> 0:24:47.200
<v Speaker 6>No, there's actually real these These are not AI facilitators.

0:24:47.240 --> 0:24:50.199
<v Speaker 6>It's actually real facilities. We actually have a lot of

0:24:50.200 --> 0:24:53.320
<v Speaker 6>business school professors as well as retired executives that teach

0:24:53.320 --> 0:24:54.400
<v Speaker 6>in the curricular.

0:24:54.720 --> 0:24:58.040
<v Speaker 7>But everything is all entirely online and remote. I mean,

0:24:58.359 --> 0:25:01.639
<v Speaker 7>what do you are they missing something by not having

0:25:01.720 --> 0:25:04.440
<v Speaker 7>that sort of in person human element.

0:25:04.520 --> 0:25:05.440
<v Speaker 4>I mean even.

0:25:05.359 --> 0:25:08.840
<v Speaker 7>Schools today that have had very successful online programs, they're

0:25:08.840 --> 0:25:10.679
<v Speaker 7>trying to find a way to incorporate something where the

0:25:10.680 --> 0:25:13.800
<v Speaker 7>people are coming together. There's something that comes from being

0:25:14.040 --> 0:25:16.280
<v Speaker 7>live and in personal with either some of your classmates

0:25:16.520 --> 0:25:18.600
<v Speaker 7>or your instructors. So what do you think about we.

0:25:18.640 --> 0:25:21.600
<v Speaker 3>Have a corporate culture that certainly safe to say our

0:25:21.640 --> 0:25:24.200
<v Speaker 3>boss like, that's part of what we do. We run

0:25:24.240 --> 0:25:27.320
<v Speaker 3>into one another from different departments. That is such a

0:25:27.320 --> 0:25:28.560
<v Speaker 3>big part of what we do here.

0:25:28.920 --> 0:25:31.720
<v Speaker 6>You know, it's a fantastic question. And we actually started

0:25:31.720 --> 0:25:34.000
<v Speaker 6>the twelve week MBA as an in person program, and

0:25:34.040 --> 0:25:36.399
<v Speaker 6>then when the pandemic hit, we didn't have a choice

0:25:36.400 --> 0:25:40.080
<v Speaker 6>of moving online, but was really interesting and fascinating. This fall,

0:25:40.119 --> 0:25:43.240
<v Speaker 6>we're actually moving part of it back into the classroom.

0:25:43.520 --> 0:25:47.560
<v Speaker 6>So we're going to have a capstone experience that people

0:25:47.560 --> 0:25:50.400
<v Speaker 6>can fly into based in Austin, Texas. So it's going

0:25:50.440 --> 0:25:53.239
<v Speaker 6>to be an Austin at least the first one. But

0:25:53.240 --> 0:25:57.080
<v Speaker 6>we're going to actually slightly modify the curriculum from an

0:25:57.119 --> 0:25:59.560
<v Speaker 6>all online curriculum to have at least one weekend where

0:25:59.560 --> 0:26:02.200
<v Speaker 6>people get together and have that in person experience.

0:26:02.480 --> 0:26:05.080
<v Speaker 7>And that was based on was it feedback, I mean again,

0:26:05.160 --> 0:26:07.240
<v Speaker 7>a feeling that there's something that they're missing out on

0:26:07.280 --> 0:26:09.760
<v Speaker 7>when they're not in person, and there's an aspect of

0:26:09.800 --> 0:26:12.840
<v Speaker 7>this education that really does you need to connect with people?

0:26:13.000 --> 0:26:16.640
<v Speaker 6>Yeah, I think so much of education is social. It's

0:26:16.640 --> 0:26:20.000
<v Speaker 6>a difference between knowledge transfer and education is actually that

0:26:20.119 --> 0:26:22.480
<v Speaker 6>social environment. And there's some of it that you can

0:26:22.520 --> 0:26:25.040
<v Speaker 6>recreate online and I think we've done a pretty good

0:26:25.119 --> 0:26:29.399
<v Speaker 6>job creating some of these virtual simulations and competitions, but

0:26:29.520 --> 0:26:34.040
<v Speaker 6>there's something that is so important about this human element

0:26:34.080 --> 0:26:37.040
<v Speaker 6>when you're in person, when you're at the bar after

0:26:37.119 --> 0:26:40.199
<v Speaker 6>the competition and you can debrief with your peer, and

0:26:40.280 --> 0:26:41.320
<v Speaker 6>so we want to bring that back.

0:26:41.480 --> 0:26:44.240
<v Speaker 5>Quick question, Biorn. We have about a minute left here,

0:26:44.320 --> 0:26:48.359
<v Speaker 5>thirty seconds left. Are you seeing the AI part of this,

0:26:48.400 --> 0:26:50.440
<v Speaker 5>the simulation part. Are you starting to see that being

0:26:50.440 --> 0:26:54.200
<v Speaker 5>incorporated in this quote unquote traditional MBAs in business school

0:26:54.440 --> 0:26:54.919
<v Speaker 5>some of it?

0:26:55.119 --> 0:26:57.760
<v Speaker 6>So traditional schools are a little bit slower to adapt

0:26:57.760 --> 0:27:02.080
<v Speaker 6>some of these new technologies. Universities teach AI, but they're

0:27:02.080 --> 0:27:05.000
<v Speaker 6>actually not incorporating a lot of AI into their curriculum.

0:27:05.160 --> 0:27:08.119
<v Speaker 6>And we have in our simulations AI characters now that

0:27:08.160 --> 0:27:10.480
<v Speaker 6>you have to interact with that also give you feedback.

0:27:10.520 --> 0:27:13.600
<v Speaker 6>It's all controlled also by the facilitator, so there's always

0:27:13.600 --> 0:27:16.480
<v Speaker 6>a human there. But AI is part of this part

0:27:16.520 --> 0:27:17.639
<v Speaker 6>of the educational experience.

0:27:17.800 --> 0:27:20.320
<v Speaker 3>Ten seconds. Will you accept anybody who applies or will

0:27:20.320 --> 0:27:21.960
<v Speaker 3>you say, well, maybe this isn't a program for you.

0:27:22.200 --> 0:27:25.119
<v Speaker 6>We do have an application process and there are people

0:27:25.160 --> 0:27:26.640
<v Speaker 6>that we say this is not for you. We want

0:27:26.680 --> 0:27:28.240
<v Speaker 6>to make we want to make sure that when people

0:27:28.280 --> 0:27:30.359
<v Speaker 6>come to us they get something out of the curriculum.

0:27:30.359 --> 0:27:33.000
<v Speaker 6>But we're not Harvard Business School, so we don't have

0:27:33.840 --> 0:27:36.600
<v Speaker 6>you know, we we don't have criteria like you know,

0:27:36.640 --> 0:27:39.320
<v Speaker 6>you don't have to have, for example, even an undergraduate degree.

0:27:39.600 --> 0:27:41.520
<v Speaker 4>We'll take the GMATS or take the gap.

0:27:42.560 --> 0:27:44.919
<v Speaker 3>Thanks to be Yard, Bill Hard, CEO of ABILITY and

0:27:44.960 --> 0:27:47.200
<v Speaker 3>Dimitri cassaniis who is Bloomberg News Senior editor