WEBVTT - Trashfuture x Better Offline: Goosed In The Shell 0:00:02.800 --> 0:00:03.159 Media. 0:00:04.559 --> 0:00:07.200 It is with great excitement that I would like to 0:00:07.240 --> 0:00:11.440 announce the newest joint venture in the high tech world 0:00:11.520 --> 0:00:17.160 between Fast Future Podcasts Limited, formerly oil Warehouse formerly NFT 0:00:17.360 --> 0:00:21.639 Tax Loss Harvesting Service formerly I believe, several kinds of 0:00:21.680 --> 0:00:25.560 consulting firm and maybe a private investigator, and our good 0:00:25.560 --> 0:00:27.800 friends at Better Offline, and of. 0:00:27.760 --> 0:00:33.479 Course I'm representing the SoftBank Zitron merger we did earlier 0:00:33.520 --> 0:00:35.840 in the year, in which case I am now technically 0:00:35.920 --> 0:00:40.600 Masayoshi's son's son, and so we are related. He is 0:00:40.640 --> 0:00:42.680 my father and I am his son. Now I am 0:00:42.720 --> 0:00:45.720 Masiosi son. We are all Masaoji's son on some level. 0:00:46.000 --> 0:01:01.120 Welcome to Better Offline and Trash Future at the same time. Yeah, 0:01:01.200 --> 0:01:04.400 it's tf X Xitron. Oh, it's beautiful. 0:01:05.040 --> 0:01:09.040 I'm so excited to announce that. Between our our two shows, 0:01:09.040 --> 0:01:13.759 which are our independent company and iHeart, we're actually going 0:01:13.800 --> 0:01:16.959 to be building apart. Look, Meta and Blue Owl have 0:01:17.040 --> 0:01:19.440 said they're going to be building a data center, an 0:01:19.480 --> 0:01:22.440 AI data center the size of I believe several Manhattans. Well, 0:01:22.480 --> 0:01:25.520 we are building a podcast generating data center that will 0:01:25.520 --> 0:01:29.840 cover nineteen Staten islands and cost only one trillion dollars 0:01:30.319 --> 0:01:33.080 is expected to generate upwards of fifty dollars a year. 0:01:33.560 --> 0:01:36.720 People are telling me you're on too many podcasts November 0:01:37.040 --> 0:01:40.320 and I will not start. Not only am I starting 0:01:40.319 --> 0:01:44.800 more podcasts, but I'm also folding more into the existing 0:01:44.880 --> 0:01:48.640 podcast So pretty soon everything will be trash future. 0:01:48.880 --> 0:01:51.120 Yes, zaraon Stke trying to stop us from building the 0:01:51.200 --> 0:01:54.080 data center, saying that it's not viable. And to that 0:01:54.320 --> 0:01:56.360 I tell I say to him, well, have you ever 0:01:56.360 --> 0:01:58.080 started a business it's been successful. 0:01:58.520 --> 0:01:59.720 No, you haven't, so shut. 0:02:00.160 --> 0:02:01.960 No, that's one of the two things that can happen 0:02:01.960 --> 0:02:03.920 in New York City. Yeah. 0:02:03.920 --> 0:02:06.040 I mean this is a really a really obvious thing. 0:02:06.040 --> 0:02:07.800 When you look at Zara Mundane, you look at that guy, 0:02:07.800 --> 0:02:09.919 and you say, that guy doesn't know a thing about 0:02:09.919 --> 0:02:12.440 being successful. I'm very certainly guy's never succeeded. 0:02:13.160 --> 0:02:16.240 Yeah, he's truly disliked by New Yorkers. That's the thing 0:02:16.280 --> 0:02:19.120 that I hear from them. They're not just like welling 0:02:19.240 --> 0:02:22.040 up with pride over his Fourth of July speech. They 0:02:22.040 --> 0:02:25.680 don't love the fact to fix the Williamsburg bike lay. No, no, no, 0:02:25.720 --> 0:02:28.639 it's all just everyone's sitting in their apartments in Connecticut 0:02:28.919 --> 0:02:30.800 where they live most of the time, other than the 0:02:30.840 --> 0:02:33.040 one day of the year where they come into New 0:02:33.120 --> 0:02:33.840 York to complain. 0:02:34.280 --> 0:02:38.200 Well, okay, I did say nineteen Staten Islands. What if 0:02:38.240 --> 0:02:41.160 we data centered over Staten Island and just made it 0:02:41.280 --> 0:02:42.760 nineteen stories. 0:02:42.919 --> 0:02:45.800 Actually based on everything I know about Staten Island. The people, 0:02:45.800 --> 0:02:49.200 they might approve, but they'll be like, ah, fuck it, 0:02:49.840 --> 0:02:51.040 We've done our best. 0:02:51.720 --> 0:02:55.800 We've motovated Staten Island. No, welcome to TF better upline. 0:02:55.880 --> 0:02:59.720 And here's the thing TF listeners have been saying to me, like, 0:02:59.760 --> 0:03:03.000 you know, discord and stuff. Why haven't you covered the 0:03:03.040 --> 0:03:06.080 Masso She saw the newest piece of I guess outsider 0:03:06.280 --> 0:03:09.119 art published by soft Bank in the form of their 0:03:09.120 --> 0:03:10.080 investor presentation. 0:03:10.280 --> 0:03:11.280 It's so beautiful. 0:03:11.680 --> 0:03:14.800 There's always a lot in them and Masso she san 0:03:15.040 --> 0:03:18.200 your father, yes, our I believe uncle. 0:03:18.480 --> 0:03:20.800 Has these fucking podcast NAPO babies. 0:03:22.200 --> 0:03:26.760 There's always some visual metaphor. I think that the Masseo 0:03:26.960 --> 0:03:31.480 son decides this is gonna be how I communicate to everybody. 0:03:31.800 --> 0:03:34.160 The thing that Chad GBT and I stayed up all 0:03:34.280 --> 0:03:36.400 night for a month kind of coming up with. 0:03:36.920 --> 0:03:39.360 Yeah, and it used to be like. 0:03:39.280 --> 0:03:42.560 Flying unicorns, right, how they would fly over like the 0:03:42.600 --> 0:03:45.800 trench of despair and into like the future of optimists. 0:03:45.880 --> 0:03:48.120 Yeah, the trench of coronavirus, right, that was one of 0:03:48.120 --> 0:03:49.640 his Yeah, the trench of COVID. That was the one, 0:03:49.720 --> 0:03:51.640 the valley of coronavirus. 0:03:52.640 --> 0:03:57.600 Now, this SoftBank presentation has I would say a different 0:03:57.760 --> 0:04:02.360 recurrent visual metaphor that starts around slide up for forty. 0:04:02.600 --> 0:04:04.840 And we'll link to this in the in the notes 0:04:05.400 --> 0:04:08.800 so that you can behold the goose. Yeah, So can 0:04:08.840 --> 0:04:10.920 everybody turn to slide forty four in your packs? Please? 0:04:13.440 --> 0:04:16.640 I'm there, this is it's beautiful. I am crying. 0:04:17.120 --> 0:04:19.440 So what I have in front of me in case 0:04:19.480 --> 0:04:21.120 you can't turn to slide forty four in your packs 0:04:21.160 --> 0:04:23.440 because you're catching up on our investor presentation or our 0:04:23.480 --> 0:04:27.520 presentation of SoftBank's investor presentation. Imagine your investor in SoftBank. 0:04:27.520 --> 0:04:30.440 Maybe you're a pension fund, you're Ontario teachers, you've invested 0:04:30.440 --> 0:04:33.240 in soft Bank, and the MASSOHI saw on you can 0:04:33.279 --> 0:04:35.520 see his face light up because he's about to give 0:04:35.560 --> 0:04:39.200 you his visual metaphor. Slide forty three to forty four transition. 0:04:39.400 --> 0:04:42.719 It's a picture of a goose in five golden eggs. Yep, 0:04:43.440 --> 0:04:44.000 that's right. 0:04:44.880 --> 0:04:48.560 I think. Yeah, the thing is like it actually does 0:04:48.600 --> 0:04:54.479 make sense when you read it one hundred times because actually, 0:04:54.560 --> 0:04:55.960 let's go a little bit into it and that I'll 0:04:55.960 --> 0:04:58.080 give a full explanation, because there is a logic. It's 0:04:58.160 --> 0:04:59.520 just insane. 0:05:00.160 --> 0:05:01.520 Generally, I love the graphics. 0:05:01.560 --> 0:05:04.240 Like I've got a friend who's like he does like 0:05:04.279 --> 0:05:07.480 his his job is to sort of apparently upgrade decks. 0:05:07.520 --> 0:05:09.640 He goes like he does consulting for like companies to 0:05:09.680 --> 0:05:11.800 be like, here's how you can make your PowerPoint presentations 0:05:11.839 --> 0:05:13.920 look better because real like. 0:05:13.920 --> 0:05:17.320 Do you pronounce that unionized or unionized? Moment there where 0:05:17.360 --> 0:05:19.960 I'm like, the decks like the thing you have like 0:05:20.040 --> 0:05:21.480 outside of a house. 0:05:22.000 --> 0:05:23.400 Well, well, I mean I asked him in certain in 0:05:23.480 --> 0:05:25.320 terms of like what you mean like magic the gathering, 0:05:25.480 --> 0:05:29.320 which apparently which I guess would make more money. But 0:05:29.320 --> 0:05:31.839 but I saw this, and I sent this to him, 0:05:31.920 --> 0:05:34.640 and he was and he and he and like his 0:05:34.760 --> 0:05:36.800 reaction I think was one of the funniest things that 0:05:36.839 --> 0:05:40.880 I've ever I've sort of ever encountered. Every graphic in 0:05:40.920 --> 0:05:44.720 this presentation is a mixture of graphic designers my passion, 0:05:44.760 --> 0:05:48.080 but also like I it's one like I sort of 0:05:48.120 --> 0:05:52.520 feel like it's actually ironically beautiful. Yes, this is amazing, 0:05:52.560 --> 0:05:54.039 It's an amazing. 0:05:53.440 --> 0:05:58.240 It's genuinely beautiful because like I said, so I I 0:05:58.320 --> 0:06:00.920 must be clear when the goose is soft Bank. 0:06:01.160 --> 0:06:05.360 Right, Okay, here's like seven times in this as well, right. 0:06:05.279 --> 0:06:08.960 Okay, So soft Bank is the goose, Masiosi, Masayoshi's son 0:06:09.000 --> 0:06:12.680 is the gander. Masayoshi son mounts and impregnates soft Bank, 0:06:13.040 --> 0:06:15.800 by which I mean invests money in companies using soft 0:06:15.800 --> 0:06:18.800 Bank's funds, which point the goose, which is soft Bank, 0:06:18.960 --> 0:06:22.200 becomes pregnant, and the portfolio company goes larger, then it 0:06:22.279 --> 0:06:25.479 lays the egg, the portfolio company goes public. Basically, soft 0:06:25.480 --> 0:06:27.400 Bank is a company that invests in companies that then 0:06:27.440 --> 0:06:30.440 go public and makes soft Bank money. In theory, and 0:06:30.680 --> 0:06:34.960 Masayoshi's son just vigorously you could you could more normally 0:06:35.080 --> 0:06:39.240 call this like an incubator, but instead he's picturing himself 0:06:39.320 --> 0:06:42.760 as a virile goose. Yes, exactly, He's just he is 0:06:42.920 --> 0:06:45.320 just like absolutely going to town on the goose of 0:06:45.400 --> 0:06:46.599 soft Bank every year. 0:06:48.200 --> 0:06:53.440 Jesus, Jesus, just a discuss coming up to the coming 0:06:53.440 --> 0:06:56.080 out to the legs and grasping it with both hands 0:06:56.120 --> 0:06:58.479 and talking to a lot of people who have real 0:06:58.800 --> 0:07:02.000 sort of influence and terms of capitalist central planning and going, 0:07:02.320 --> 0:07:03.440 I've in fucking gooses. 0:07:03.800 --> 0:07:06.960 Can you imagine like being a major investor in stuff? 0:07:07.000 --> 0:07:09.880 But like the Japanese government is invested in this company 0:07:10.360 --> 0:07:12.880 through ETFs, like and you're just like, great, what what 0:07:12.920 --> 0:07:15.560 Masioshi Son's got for me this year? And you're just 0:07:15.640 --> 0:07:18.400 like the what what? 0:07:18.400 --> 0:07:18.480 What? 0:07:19.320 --> 0:07:21.840 I think the sort of interesting question about this slide 0:07:21.880 --> 0:07:25.680 decking about Masioshi Son himself is like, yes, there is 0:07:25.720 --> 0:07:28.360 a logic if you work hard enough. This is also 0:07:28.560 --> 0:07:33.280 true of the ramblings of someone experiencing a florid mental 0:07:33.320 --> 0:07:38.160 health episode on public transports who we've you know, decided 0:07:38.200 --> 0:07:40.840 as a society. Now, I guess it's okay to kill 0:07:40.880 --> 0:07:44.040 that person, but it's not okay to kill Masioshi's son. 0:07:44.160 --> 0:07:46.880 And I don't know, really know how to reconcile those 0:07:46.880 --> 0:07:47.560 two things. 0:07:47.880 --> 0:07:49.560 Not to not to say that we approve of that 0:07:49.600 --> 0:07:51.680 for legal reasons, just to be just to be clear 0:07:51.720 --> 0:07:53.520 and new. Yeah, I mean that's your dad. I wouldn't 0:07:53.520 --> 0:07:56.520 say that you should leave my father alone anyway. 0:07:56.640 --> 0:08:01.000 Sorry, rally, so basically and this this is that the 0:08:01.040 --> 0:08:03.760 mental health point I think is interesting, right because there's 0:08:03.840 --> 0:08:07.320 this idea that's been going around, that's been going sort 0:08:07.320 --> 0:08:12.600 of like legitimate business publications that CEOs are getting AI psychosis. Yes, 0:08:12.960 --> 0:08:16.960 it's just that because they're CEOs, you know, they when 0:08:16.960 --> 0:08:19.280 they get AI psychosis, they don't like get on the 0:08:19.320 --> 0:08:21.400 path train and have a heart attackle trying to meet 0:08:21.640 --> 0:08:24.240 like their fake girlfriend from character AI, which more or 0:08:24.320 --> 0:08:29.440 less sort of actually happened to somebody, yeah details AI specifically, yeah. 0:08:29.280 --> 0:08:29.800 Yeah yeah. 0:08:29.840 --> 0:08:32.800 But in this case, they get up on stage and 0:08:32.840 --> 0:08:36.480 they say, I have been I am destined. I am 0:08:36.480 --> 0:08:40.040 destined to bring about the birth of an artificially superintelligent 0:08:40.160 --> 0:08:43.480 god through this goose that has historically not been valued. 0:08:43.520 --> 0:08:45.560 Because if you turn to slide forty seven, you'll see 0:08:45.600 --> 0:08:47.720 the main problem is Goose was not valued. 0:08:47.840 --> 0:08:50.520 Yes, Goose value zero. And I think I don't know 0:08:50.559 --> 0:08:54.840 if you remember the Robe Wismann fake Uber YouTube thing 0:08:54.920 --> 0:08:56.679 that the listeners are going to love this because it's 0:08:56.720 --> 0:08:59.400 just and it's just him going Uber Driver suck me off, 0:08:59.440 --> 0:09:05.040 and he's just like sure, I just thinkost zero zero, 0:09:05.960 --> 0:09:06.680 it's really good. 0:09:06.720 --> 0:09:08.760 Imagine this in the I imagine this in the dark 0:09:08.800 --> 0:09:11.240 soul spont goose not value. 0:09:12.720 --> 0:09:14.440 Well, this is the thing, right, what we've got here 0:09:14.760 --> 0:09:17.280 is And I think it's interesting that the AIS of 0:09:17.360 --> 0:09:20.680 cyber psychosis thing because nas something is very open about 0:09:21.040 --> 0:09:24.440 using AI, spending a lot of time talking to AI, 0:09:24.600 --> 0:09:29.880 really eternalizing and personalizing the AI for himself. What we've 0:09:29.880 --> 0:09:32.480 done is we've done a kind of like European medieval 0:09:32.559 --> 0:09:36.280 royalty thing where we've created a kind of system where 0:09:36.400 --> 0:09:38.480 if you are you know, at the top of it, 0:09:38.600 --> 0:09:41.360 you can have the delusions and society has to conform 0:09:41.400 --> 0:09:42.120 around you. 0:09:42.120 --> 0:09:44.600 You are the king of France. Everybody has to act 0:09:44.640 --> 0:09:46.800 like you are made of glass. Oh god, it is. 0:09:46.880 --> 0:09:50.440 It's just besides its digital versa. It's just that like 0:09:50.520 --> 0:09:54.160 everyone stinks, everyone's weird. It's like it's either shit or 0:09:54.200 --> 0:09:57.480 oranges in the air. Now everyone's just like, wow, we 0:09:57.520 --> 0:10:00.800 all love loops now, right, and everyone goes loops. Yeah, yeah, yeah, 0:10:00.840 --> 0:10:03.920 I love loops. Loops are the best where we hate 0:10:04.000 --> 0:10:05.400 we hate the other thing now. 0:10:06.679 --> 0:10:10.120 And so each of these eggs is a trillion yen yeah, 0:10:10.160 --> 0:10:12.000 and the markets are only the eggs, which is the 0:10:12.080 --> 0:10:14.040 value of the companies but the goose not valued. 0:10:14.240 --> 0:10:17.439 Goose not value zero. Yeah, goose value zero. 0:10:17.520 --> 0:10:20.440 But in fact, and it says eggs do not lay eggs, 0:10:20.840 --> 0:10:22.640 and it was the goose that created the value. 0:10:23.120 --> 0:10:25.200 Many people are saying that I died. 0:10:25.080 --> 0:10:30.400 This whole time. I had it wrong. The eggs. Fuck. 0:10:30.679 --> 0:10:33.120 It's very funny to have a sort of like arch 0:10:33.240 --> 0:10:36.760 capitalist go Wait a second, this business doesn't create any 0:10:36.800 --> 0:10:38.719 of its own value, and this value has got to 0:10:38.760 --> 0:10:41.360 come from somewhere, so I assume it's from you know, 0:10:41.679 --> 0:10:45.000 analogously goose and non analogously me. 0:10:45.280 --> 0:10:48.079 Yeah. So yeah, I've been doing the hater's go to 0:10:48.160 --> 0:10:50.319 soft bank and they just went out, so I can 0:10:50.440 --> 0:10:52.720 very freshen my mind. And the thing that you'll know 0:10:52.800 --> 0:10:54.679 when you look back at Massiosha Sun is he's a 0:10:54.760 --> 0:10:58.520 terrible fucking investor, like historically bad, other than like four 0:10:58.600 --> 0:11:01.920 times when he was amazing. He bought Ala Barbara at 0:11:01.920 --> 0:11:05.480 twenty million dollars. He invested it, put twenty million in 0:11:05.520 --> 0:11:08.400 worth about one hundred billion dollars equity value at the top, 0:11:08.480 --> 0:11:11.400 sold it for about thirty billion because that's Masayoshi sign. 0:11:11.840 --> 0:11:14.320 He bought Armed for thirty two billion dollars, took it 0:11:14.360 --> 0:11:16.439 private and then took public and now it's worth a 0:11:16.440 --> 0:11:19.360 bunch more money. But Yahoo Japan is the craziest one, 0:11:19.720 --> 0:11:23.720 like classic loser company Yahoo. But it turns out that 0:11:23.800 --> 0:11:26.679 he managed to, through one of his weird joint ventures, 0:11:26.920 --> 0:11:30.880 stop it from being absorbed into the problematic Yahoo. So 0:11:30.920 --> 0:11:33.120 he acted it. But every time he does something, well, 0:11:33.120 --> 0:11:37.319 it's by accident. Every time he loves Also, I swear 0:11:37.320 --> 0:11:39.800 this is true. He has a thing for whimsical white 0:11:39.840 --> 0:11:43.720 boys like well, who doesn't I mean the Green Silk 0:11:43.760 --> 0:11:45.920 Cat like Lex green Sill and him used to talk 0:11:45.960 --> 0:11:49.320 on the phone every day he invested in we work 0:11:49.800 --> 0:11:53.080 in twenty eight minutes they signed the four point four 0:11:53.120 --> 0:11:55.360 billion dollar deal in the back of a car on 0:11:55.480 --> 0:11:58.120 an iPad And it was like twenty seventeen, so the 0:11:58.120 --> 0:12:01.440 iPad wasn't very good the time. So they're just like 0:12:01.440 --> 0:12:05.480 like this fucking like clunky, probably cracked like across the 0:12:05.520 --> 0:12:09.000 front font probably seventy two, just like, no, we must 0:12:09.000 --> 0:12:11.480 do this, we must do this, now, we have to 0:12:11.559 --> 0:12:14.400 do this. I must I'm being whimsical in front of 0:12:14.400 --> 0:12:18.560 the wrong peep exactly. No, I genuinely think the if 0:12:18.600 --> 0:12:22.160 I got in front of Masioshi's son for maybe ten minutes. 0:12:22.240 --> 0:12:24.000 I could get seven billion dollars. 0:12:24.320 --> 0:12:26.440 But here's your father, so you hope that you will 0:12:26.640 --> 0:12:27.560 he will give you the time. 0:12:28.120 --> 0:12:30.840 I wish all of this could. I wish I could 0:12:30.840 --> 0:12:32.640 get in front of him. I wish I could just 0:12:33.000 --> 0:12:36.200 tell him some of the great ideas I have about 0:12:36.240 --> 0:12:38.920 like I don't know. Look, I have a newslet with 0:12:38.960 --> 0:12:42.719 one hundred and eight thousand subscribers Masaosi's son. What if 0:12:42.760 --> 0:12:47.959 it had a trillion subscribers? Huh right, And He'll be like, whoa, 0:12:48.000 --> 0:12:50.319 that's and we're we're in on the ground floor of this. 0:12:50.600 --> 0:12:53.200 We can get in. That's a big number. Ed, I'd 0:12:53.200 --> 0:12:56.760 love to invest seven billion dollars. I'll be like, I 0:12:56.800 --> 0:12:59.160 think that should be good enough to get us started. 0:12:59.280 --> 0:13:03.839 Macaiosi son, another ten billion dollars, and I guarantee you 0:13:03.880 --> 0:13:06.720 a trullion subscribers will happen by it could be as 0:13:06.760 --> 0:13:09.880 early as twenty ninety easy pasy. Hmmm. 0:13:10.440 --> 0:13:12.400 Well, the thing is right, I think this is a 0:13:12.400 --> 0:13:14.560 good start, right, but we've got to aim high, Okay, 0:13:14.760 --> 0:13:17.400 So like, yeah, what we do is we get we 0:13:17.440 --> 0:13:19.000 get you in front of him and we say all 0:13:19.040 --> 0:13:21.600 of this. But then you know, as he's sort of 0:13:21.679 --> 0:13:22.280 like he's. 0:13:22.120 --> 0:13:24.160 Warming to you. You see that he's kind of receptive 0:13:24.200 --> 0:13:24.400 to this. 0:13:24.600 --> 0:13:26.000 What you do is you switch it up right, you 0:13:26.559 --> 0:13:28.559 lean forward, you jump out of the seat and grab 0:13:28.640 --> 0:13:31.120 him by both lapels and you look him dead in 0:13:31.160 --> 0:13:33.840 the eye and you say, and I'm going to invent God? 0:13:34.120 --> 0:13:37.960 Oh yeah, And how do you love that? And here's 0:13:38.000 --> 0:13:42.640 the thing, how do Christians like get a relationship with God? 0:13:42.920 --> 0:13:47.880 The Bible a written document? What if the Bible could 0:13:47.880 --> 0:13:52.160 be emailed to people every week? Every week they email 0:13:52.200 --> 0:13:55.160 the Bible? That's what? That's what? Where's your head at is? 0:13:55.360 --> 0:13:58.000 And Masaiosi Sun by this point is just he is 0:13:58.080 --> 0:14:01.439 taking out a margin loan. He's like calling these back 0:14:01.440 --> 0:14:04.440 and I need every dollar I've got, say it all 0:14:04.480 --> 0:14:07.480 I need to back this. We direct all of it 0:14:07.520 --> 0:14:08.240 from open Ai. 0:14:08.360 --> 0:14:10.400 I've got a new person who's recently who told me 0:14:10.440 --> 0:14:15.240 they're going to build God most recently so basically because 0:14:15.559 --> 0:14:17.280 that's a little like we work was supposed to be 0:14:17.320 --> 0:14:17.959 heaven on earth. 0:14:18.000 --> 0:14:19.160 Like that was the pitch? 0:14:19.240 --> 0:14:23.040 Is that, oh, that you could remake You could remake 0:14:23.040 --> 0:14:26.320 a kind of prelapse arian, non alienated community. You could 0:14:26.360 --> 0:14:29.120 have gardens of Eden everywhere. It was the point. Yeah, 0:14:29.160 --> 0:14:31.560 but just that office sharing that same thing with flow 0:14:31.600 --> 0:14:34.120 that's supposed to be that too, Like no, no, we've 0:14:34.120 --> 0:14:36.360 got to much much more abstract. God yeah, any case, 0:14:36.400 --> 0:14:39.080 yeah yeah, he said to the geese, he said, so 0:14:39.200 --> 0:14:41.040 back to the gate, can we focus on the geese 0:14:41.120 --> 0:14:44.360 on this technology? Sorry? Sorry I got I got us 0:14:44.360 --> 0:14:45.000 off of goose. 0:14:45.160 --> 0:14:45.560 My bad. 0:14:46.480 --> 0:14:49.280 So eggs do not lay eggs obviously, obviously, and so 0:14:50.120 --> 0:14:51.720 the mission to go for how do you go from 0:14:51.720 --> 0:14:55.640 three eggs to seventy four eggs and increase of seventy. 0:14:56.160 --> 0:14:59.040 More geese and Massioshi sounds gonna stop fucking them. 0:14:59.320 --> 0:15:01.640 It was the Google that created it was the goose 0:15:01.640 --> 0:15:02.640 that created value. 0:15:02.720 --> 0:15:05.040 Oh so the value came from the goose. 0:15:06.040 --> 0:15:08.840 I think I read that in capital Yeah, so the 0:15:08.880 --> 0:15:12.240 goose value, goose value is seventy one, right, So goose 0:15:12.320 --> 0:15:15.360 value seventy one, and people didn't value the goose at 0:15:15.360 --> 0:15:17.920 seventy one. No, what matters not the eggs, It is 0:15:17.920 --> 0:15:20.200 the goose itself, and true value is the power to 0:15:20.280 --> 0:15:23.640 keep laying eggs. Right, And because of this, he estimates 0:15:23.960 --> 0:15:26.040 that in the next sixteen years he will be the 0:15:26.120 --> 0:15:29.800 first yen based quadrillionaire, or at least soft Bank will 0:15:29.800 --> 0:15:31.880 be a gooseworth of a quadrillion yen. 0:15:32.480 --> 0:15:34.680 I'm not sure what effects me more the fact that 0:15:34.720 --> 0:15:37.720 this is written so much like sort of serial killer 0:15:37.800 --> 0:15:40.280 taunting the police, or the fact that it kind of 0:15:40.360 --> 0:15:43.920 appears to maybe be working well. The thing is, it 0:15:44.000 --> 0:15:47.120 works because Masayoshi's son is able to keep getting debt 0:15:47.440 --> 0:15:51.320 and genuinely, had open Aiye not come along, Masayoshi's son 0:15:51.400 --> 0:15:54.760 might have been fine. Arm turned out so well like 0:15:55.040 --> 0:15:57.240 it just as a chip maker, he's been able to 0:15:57.240 --> 0:16:00.200 do basically unlimited margin loans, and he was okay, he 0:16:00.200 --> 0:16:03.440 could have been fine, but then the whimsical white boy 0:16:03.560 --> 0:16:05.960 operated in front of him, and he was like, okay, 0:16:06.440 --> 0:16:08.960 this is it, Like this is my boy. I will 0:16:09.000 --> 0:16:12.200 give him. He took out a forty billion dollar margin loan, 0:16:12.720 --> 0:16:16.000 not margin, sorry, a bridge loan. It's a year long loan. Yeah, 0:16:16.120 --> 0:16:17.600 jesus if you wanted to. 0:16:17.640 --> 0:16:19.680 If you want the story on bridging loans, refer back 0:16:19.680 --> 0:16:22.080 to our episode of Earth Rob Smith about bridging loans 0:16:22.080 --> 0:16:23.960 and what kinds of things they're for and what kinds 0:16:24.000 --> 0:16:27.560 of terms they usually have. So the true source of 0:16:27.560 --> 0:16:29.480 the value. Could he ever turn to place fifty five. 0:16:29.520 --> 0:16:33.160 This includes everyone listening on your on your packet. So 0:16:33.280 --> 0:16:35.520 the true source of the value is the golden egg 0:16:35.640 --> 0:16:38.480 factory inside the goose. Yes, and then it actually gets 0:16:38.480 --> 0:16:39.440 helpfully broken. 0:16:39.280 --> 0:16:40.800 Like a woom. 0:16:40.920 --> 0:16:43.960 I guess well, So the goose here is soft bank 0:16:44.000 --> 0:16:48.600 bringing out artificial superintelligence, and the internal mechanism is an 0:16:48.640 --> 0:16:55.560 AI generated factory of eggs that are also labeled artificial superintelligence. 0:16:55.680 --> 0:17:00.280 Yeah, each egg is a SI. Right, So eggs used 0:17:00.280 --> 0:17:03.000 to be eggs used to be just a trillion dollars 0:17:03.000 --> 0:17:05.639 of yen. But that's sorry, a trillion yen. It's like 0:17:05.680 --> 0:17:09.159 six something billion dollars. What. I don't really know what 0:17:09.200 --> 0:17:12.120 the eggs mean anymore other than ASI, which is it's 0:17:12.200 --> 0:17:18.400 kind of like a yeah, it was like Ben Garrison cartoon, Like, well, 0:17:18.440 --> 0:17:19.679 I mean this is where we want to go. 0:17:19.720 --> 0:17:21.080 I want to go back to what Doova was saying 0:17:21.119 --> 0:17:24.520 about mental illness right about. This is someone who because 0:17:24.520 --> 0:17:26.760 we know what happens with Maso she Song, we know 0:17:26.880 --> 0:17:29.320 he talks to chat GPT every day. He's like one 0:17:29.359 --> 0:17:31.159 of the probably one of the world's biggest users of 0:17:31.200 --> 0:17:34.920 it's like talk to you function, and he has been 0:17:35.480 --> 0:17:38.040 convinced by it that he's going to build God. But 0:17:38.400 --> 0:17:41.879 because he is a because he is one of the 0:17:42.520 --> 0:17:46.159 central economic planners of the global economy, he gets to 0:17:46.240 --> 0:17:49.480 allocate capital according to his delusion, as opposed to the 0:17:49.480 --> 0:17:51.560 porschmuck dying on the path train who just gets like 0:17:51.840 --> 0:17:53.960 scraped off the wall that Masao she saw gets to 0:17:54.000 --> 0:17:57.400 fucking run through. Yeah, it's a bit like the bit 0:17:57.400 --> 0:17:59.880 like Peter t I think also went crazy with ais 0:18:00.200 --> 0:18:02.840 more unhinged in public example, recently said that the pulp 0:18:03.000 --> 0:18:05.720 is a Chinese Communist Party agent, which he's not supposed 0:18:05.760 --> 0:18:09.920 to know, right, Look that's you're not you. 0:18:09.960 --> 0:18:11.280 Look, you don't have any. 0:18:12.280 --> 0:18:14.480 Fans And the odds of him having figured that out 0:18:14.560 --> 0:18:17.960 were crazy low. So like it's no shame on the Vatican. 0:18:18.080 --> 0:18:20.320 But like Jesus, guys, the other thing. 0:18:20.240 --> 0:18:22.960 Is as well, is it's like on top of just 0:18:23.080 --> 0:18:26.000 the ridiculousness of this, And if you had a homeless 0:18:26.040 --> 0:18:28.200 man on the tube saying jus. 0:18:28.080 --> 0:18:31.520 Us about he's golden egg VECTORI inside the goose, you 0:18:31.560 --> 0:18:34.520 see the internal mechanism, right, what you see the eggs 0:18:34.520 --> 0:18:38.440 that produces them is the factories you would like hopefully 0:18:38.880 --> 0:18:40.119 get them the help they need it. 0:18:40.359 --> 0:18:43.879 But because he invested in alib Barba, we have to 0:18:43.960 --> 0:18:47.280 like take this shit seriously now. Slide fifty six is 0:18:47.320 --> 0:18:49.919 also good because he invents a new kind of goose 0:18:49.960 --> 0:18:54.560 math where egg value. You were wasting on this, I've 0:18:54.560 --> 0:18:57.919 been using Tarren's mallicks old goose math. You've heard of 0:18:57.960 --> 0:19:01.119 girl math. Get ready for goose man. It's like goose 0:19:01.240 --> 0:19:06.320 value alpha. I don't know, I'm not going to come 0:19:06.359 --> 0:19:09.040 up with an actual thing because soft Bank is a 0:19:09.119 --> 0:19:11.639 valueless company outside of the things it helps. It is 0:19:11.760 --> 0:19:15.520 just a large holding company that is kind of a 0:19:15.520 --> 0:19:18.200 big part. It's like the second or third largest company 0:19:18.200 --> 0:19:21.800 on the Japanese stock market. And it's like that. The 0:19:21.920 --> 0:19:24.080 other thing that I keep coming back to that really 0:19:24.160 --> 0:19:27.879 isn't shown here is that's not actually the net asset 0:19:27.960 --> 0:19:31.119 value of soft Bank. Like that's like I'm going to 0:19:31.160 --> 0:19:33.760 just go right, Like the net asset value right now 0:19:34.000 --> 0:19:38.240 is yeah, forty trillion, Like this is from soft Bank's 0:19:38.280 --> 0:19:41.280 own website. So what he is doing here is he's like, yeah, 0:19:41.320 --> 0:19:43.760 I'm adding the other thirty trillion from open Ai. He's 0:19:43.800 --> 0:19:46.280 just adding He's just making up how much open ai 0:19:46.400 --> 0:19:49.040 is worth. And as eager listeners will know right now, 0:19:49.200 --> 0:19:53.159 Masiyoshi Son tried to get a margin loan on this 0:19:53.240 --> 0:19:56.960 open Ai stock all of it, and yeah, then couldn't. 0:19:57.080 --> 0:19:58.359 The banks were like, no, thank you. 0:20:10.160 --> 0:20:13.679 I was going to play this game later, but can 0:20:14.040 --> 0:20:17.720 we get an applause sound effectfully? Is because we're gonna 0:20:17.760 --> 0:20:23.359 have an impromptu episode of everybody's favorite gamey uh with 0:20:23.359 --> 0:20:27.560 with So far it's only contested possibly host et Cron, 0:20:27.920 --> 0:20:31.000 welcome to Is that good? 0:20:31.359 --> 0:20:35.280