1 00:00:00,240 --> 00:00:07,800 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:09,080 --> 00:00:10,840 Speaker 2: I'm David Gera and this is the big take from 3 00:00:10,880 --> 00:00:11,680 Speaker 2: Bloomberg News. 4 00:00:12,000 --> 00:00:12,280 Speaker 3: Today. 5 00:00:12,320 --> 00:00:15,360 Speaker 2: On the show, we're bringing you a special conversation in full. 6 00:00:15,880 --> 00:00:18,800 Speaker 2: Elon Musk spoke with Mishaal Hussein, editor at Large for 7 00:00:18,840 --> 00:00:22,880 Speaker 2: Bloomberg Weekend at the Cutter Economic Forum. Musk joined remote 8 00:00:22,960 --> 00:00:26,400 Speaker 2: Lea from Austin, wearing his signature dark jacket with a 9 00:00:26,400 --> 00:00:30,080 Speaker 2: fur collar. The interview covered a lot of ground, from 10 00:00:30,080 --> 00:00:33,239 Speaker 2: the billionaire's future at Tesla to his ongoing feud with 11 00:00:33,320 --> 00:00:37,280 Speaker 2: open Ai CEO Sam Altman and the possibility of Starlink 12 00:00:37,360 --> 00:00:41,839 Speaker 2: going public. At times, the conversation grew heated, particularly when 13 00:00:41,880 --> 00:00:45,800 Speaker 2: Michall asked about Starlink operating in South Africa, Musk's country 14 00:00:45,800 --> 00:00:48,839 Speaker 2: of birth, and about reports of his communication with Russian 15 00:00:48,880 --> 00:00:50,120 Speaker 2: President Vladimir Putin. 16 00:00:51,680 --> 00:00:55,960 Speaker 1: Hello everyone and Elon Musk, Welcome to cut Their Economic Forum. 17 00:00:56,000 --> 00:00:56,480 Speaker 1: How are you? 18 00:00:57,480 --> 00:00:59,200 Speaker 3: Thank you for having me. I'm fine, How are you? 19 00:01:00,160 --> 00:01:02,000 Speaker 1: Very well? Thank you and very pleased to have you 20 00:01:02,040 --> 00:01:04,600 Speaker 1: with us. You know, among those here in the audience 21 00:01:04,640 --> 00:01:06,920 Speaker 1: in Doha are some you will know people who have 22 00:01:07,040 --> 00:01:10,679 Speaker 1: backed to you financially over the years since you last 23 00:01:10,720 --> 00:01:13,119 Speaker 1: spoke here in twenty twenty two, A lot has changed 24 00:01:13,120 --> 00:01:16,280 Speaker 1: in your life. You're not only running multiple companies. You 25 00:01:16,280 --> 00:01:18,400 Speaker 1: were doing that then, but now you also have a 26 00:01:18,480 --> 00:01:20,280 Speaker 1: role in government. So, first of all, I hope you 27 00:01:20,319 --> 00:01:22,160 Speaker 1: don't mind it. From time to time I have to 28 00:01:22,520 --> 00:01:24,560 Speaker 1: move you from one topic to another because we have 29 00:01:24,600 --> 00:01:27,160 Speaker 1: a lot to cover in the time we have. That 30 00:01:27,200 --> 00:01:31,080 Speaker 1: will be all right, Okay, Well, let's start then with 31 00:01:31,200 --> 00:01:33,840 Speaker 1: exactly the fact that you now have this combination of 32 00:01:34,000 --> 00:01:37,400 Speaker 1: being a CEO and having a role as a government advisor. 33 00:01:37,480 --> 00:01:40,800 Speaker 1: Tell me about your week. How does it work? What's 34 00:01:40,840 --> 00:01:41,920 Speaker 1: the split of your time? 35 00:01:43,280 --> 00:01:47,280 Speaker 4: Well, I travel a lot. So I was in Silicon 36 00:01:47,360 --> 00:01:52,280 Speaker 4: Valley yesterday morning. I was in Lasa evening, I mean 37 00:01:52,560 --> 00:01:56,240 Speaker 4: Austin right now. I'll be in DC tomorrow. I'll be 38 00:01:56,760 --> 00:02:00,760 Speaker 4: there having dinner with Presidence tomorrow night, I believe, and 39 00:02:00,800 --> 00:02:06,440 Speaker 4: then a much of cabinet secrety meetings and then back 40 00:02:06,480 --> 00:02:08,320 Speaker 4: to Sloton Valley on Thursday night. 41 00:02:09,400 --> 00:02:13,040 Speaker 1: But I mean, the balance of your time is it? Well, 42 00:02:13,080 --> 00:02:15,200 Speaker 1: clearly it's a lot. But is it still the case 43 00:02:15,240 --> 00:02:17,200 Speaker 1: as you said a while ago, that it's about one 44 00:02:17,240 --> 00:02:21,080 Speaker 1: to two days a week on your government work. Yeah, 45 00:02:21,120 --> 00:02:26,320 Speaker 1: that's correct, And what does that mean for your corporate life? 46 00:02:26,360 --> 00:02:30,160 Speaker 1: Because if we start with Tesla, the company has suffered 47 00:02:30,160 --> 00:02:34,840 Speaker 1: in recent months what you've called blowback. So what is 48 00:02:34,880 --> 00:02:38,760 Speaker 1: your plan for turning that around? The declining sales picture? 49 00:02:38,919 --> 00:02:41,840 Speaker 1: And by what stage do you think you're going to 50 00:02:41,840 --> 00:02:43,000 Speaker 1: be able to turn it around? 51 00:02:44,240 --> 00:02:45,400 Speaker 3: Oh, it's already to turn around. 52 00:02:47,880 --> 00:02:49,959 Speaker 1: Give me some evidence for that. I've just been looking 53 00:02:50,040 --> 00:02:54,119 Speaker 1: at the sales figures for Europe in April, which show 54 00:02:54,320 --> 00:02:56,560 Speaker 1: very significant declines in the big markets. 55 00:02:58,160 --> 00:02:59,360 Speaker 3: Europe is our weakest market. 56 00:02:59,440 --> 00:03:04,920 Speaker 4: We're stronger everywhere else, so our sales are doing doing 57 00:03:04,919 --> 00:03:05,560 Speaker 4: well at this point. 58 00:03:06,960 --> 00:03:09,799 Speaker 3: We don't anticipate any any meaningful sales shortfall. 59 00:03:10,480 --> 00:03:17,400 Speaker 4: And the you know, the obviously the stock market recognizes 60 00:03:17,440 --> 00:03:19,720 Speaker 4: that since we're now back over a trillion dollars in 61 00:03:19,919 --> 00:03:24,040 Speaker 4: market cap, so really the market is aware of the situation. 62 00:03:24,240 --> 00:03:25,840 Speaker 3: So it's it's already turned around. 63 00:03:25,680 --> 00:03:28,360 Speaker 1: But sales still down compared to this time last year. 64 00:03:29,880 --> 00:03:30,440 Speaker 3: In Europe. 65 00:03:30,840 --> 00:03:32,480 Speaker 1: In Europe, okay, and. 66 00:03:32,639 --> 00:03:38,520 Speaker 4: Yes, but that's that's true of all manufacturers, there's no exceptions. 67 00:03:40,400 --> 00:03:42,280 Speaker 1: Does that mean that you're not going to be able? 68 00:03:43,160 --> 00:03:45,000 Speaker 3: Does that mean you're it's quite weak? 69 00:03:45,480 --> 00:03:48,720 Speaker 1: Okay, but you would acknowledge. Woudn't you that what you 70 00:03:48,760 --> 00:03:50,640 Speaker 1: are facing. Okay, let's just take it as Europe what 71 00:03:50,680 --> 00:03:53,120 Speaker 1: you are facing is a significant problem. This Tesla is 72 00:03:53,120 --> 00:03:57,320 Speaker 1: an incredibly aspirational brand. People identified with it. It saw it, 73 00:03:57,960 --> 00:03:59,880 Speaker 1: They saw it it being at the forefront of the climate. 74 00:04:00,400 --> 00:04:03,000 Speaker 1: And now people are driving around with stickers in their 75 00:04:03,040 --> 00:04:05,920 Speaker 1: cars saying I bought this before we knew Elon was crazy. 76 00:04:07,120 --> 00:04:09,440 Speaker 4: And there are also people who are by buying it 77 00:04:09,480 --> 00:04:15,480 Speaker 4: because Elon's crazy, or however they may view it. So, yes, 78 00:04:15,520 --> 00:04:17,520 Speaker 4: we've lost some sales, perhaps on the left, but we've 79 00:04:17,520 --> 00:04:20,279 Speaker 4: gained them on the right. The sales numbers at this 80 00:04:20,360 --> 00:04:24,400 Speaker 4: point are strong and we've seen no problem with them 81 00:04:24,400 --> 00:04:27,960 Speaker 4: had so what I mean? You can just look at 82 00:04:27,960 --> 00:04:31,560 Speaker 4: the stock price if you want the best inside information. 83 00:04:32,120 --> 00:04:38,480 Speaker 4: The stock market analysts have that, and our stock wouldn't 84 00:04:38,480 --> 00:04:42,520 Speaker 4: be trading near all time ice if it was not. 85 00:04:43,279 --> 00:04:45,560 Speaker 3: If things weren't in good shape. They're fine, don't worry 86 00:04:45,600 --> 00:04:45,919 Speaker 3: about it. 87 00:04:46,000 --> 00:04:49,280 Speaker 1: Okay, I was citing sales figures rather than share price. Well, 88 00:04:49,279 --> 00:04:52,919 Speaker 1: tell me then, how committed you are to Tesla. Do 89 00:04:52,960 --> 00:04:55,640 Speaker 1: you see yourself and now you committed to still being 90 00:04:55,640 --> 00:05:01,320 Speaker 1: the chief executive of Tesla in five years time. Yes, 91 00:05:02,279 --> 00:05:03,520 Speaker 1: no doubt about that at all. 92 00:05:05,800 --> 00:05:11,600 Speaker 3: Well, no, I might die. 93 00:05:11,080 --> 00:05:12,159 Speaker 1: Okay, sure to that. 94 00:05:12,680 --> 00:05:15,120 Speaker 3: Let me see you if I'm dead. So the slighter mode. 95 00:05:16,040 --> 00:05:19,720 Speaker 1: Does that mean that the value of your pay doesn't 96 00:05:19,760 --> 00:05:21,839 Speaker 1: have any bearing on your decision? 97 00:05:26,040 --> 00:05:30,760 Speaker 4: Well, that's not really subject discussion in this forum. The 98 00:05:32,440 --> 00:05:36,960 Speaker 4: I think, obviously there should be a conversation for if 99 00:05:36,960 --> 00:05:39,920 Speaker 4: there's something incredible is done, that compensation should match. 100 00:05:41,520 --> 00:05:43,400 Speaker 3: That something incredible was done. 101 00:05:45,279 --> 00:05:50,599 Speaker 4: But I'm confident that whatever the whatever some activists posing 102 00:05:50,640 --> 00:05:53,320 Speaker 4: as a judge in Delaware happens to do will not 103 00:05:53,360 --> 00:05:54,560 Speaker 4: affect the future compensation. 104 00:05:55,640 --> 00:05:59,200 Speaker 1: This is the judge you twice struck down the fifty 105 00:05:59,279 --> 00:06:02,920 Speaker 1: six billion a pay package that was that was awarded 106 00:06:02,960 --> 00:06:04,919 Speaker 1: to you. I think the value on the basis on 107 00:06:05,000 --> 00:06:06,880 Speaker 1: the current value of stock options. 108 00:06:07,120 --> 00:06:09,279 Speaker 3: Yeah, not a judge, not a judge. 109 00:06:09,480 --> 00:06:12,159 Speaker 4: The activist who is cars playing a judge in a 110 00:06:12,160 --> 00:06:13,000 Speaker 4: Halloween costume. 111 00:06:14,760 --> 00:06:18,800 Speaker 1: Okay, that's your characterization. I think the value on the 112 00:06:18,839 --> 00:06:20,520 Speaker 1: current value of stock options. 113 00:06:20,600 --> 00:06:24,000 Speaker 3: I think the actual justice according to the law, on the. 114 00:06:23,920 --> 00:06:26,200 Speaker 1: Current value of stock options. I think the value of 115 00:06:26,200 --> 00:06:29,080 Speaker 1: that pay package stands at about one hundred billion dollars. 116 00:06:29,120 --> 00:06:32,840 Speaker 1: Are you saying you are relaxed about the value of 117 00:06:32,880 --> 00:06:36,280 Speaker 1: your future pay package. Your decision to be committed to 118 00:06:36,320 --> 00:06:39,240 Speaker 1: Tesla for the next five years as long as you 119 00:06:39,279 --> 00:06:42,480 Speaker 1: are still with us on this planet is completely independent 120 00:06:42,520 --> 00:06:49,000 Speaker 1: of pay. No, it's not independent, So pay is a 121 00:06:49,000 --> 00:06:51,000 Speaker 1: relevant factor then to your commitment to Tesla. 122 00:06:53,680 --> 00:06:58,040 Speaker 4: A sufficient voting control such that I cannot be ousted 123 00:06:58,040 --> 00:07:00,720 Speaker 4: by activists investors is what matter to me. And I've 124 00:07:00,720 --> 00:07:03,760 Speaker 4: said this publicly many times, but let's not have this 125 00:07:03,800 --> 00:07:06,480 Speaker 4: whole thing be a discussion of my list pay. 126 00:07:06,520 --> 00:07:09,400 Speaker 3: It's not a money thing. It's a reasonable. 127 00:07:08,880 --> 00:07:11,520 Speaker 4: Control thing over the future of the company, especially for 128 00:07:11,640 --> 00:07:15,800 Speaker 4: building millions, potentially billions of humanoid robots. I can't be 129 00:07:15,840 --> 00:07:18,640 Speaker 4: sitting there and weren't going. 130 00:07:18,560 --> 00:07:22,280 Speaker 3: To get tossed out by for political reasons by activists. 131 00:07:22,560 --> 00:07:25,480 Speaker 4: That will be unacceptable. That's all that matters. Now, let's 132 00:07:25,480 --> 00:07:25,800 Speaker 4: move on. 133 00:07:26,040 --> 00:07:32,440 Speaker 1: Okay, Well, just one question, well one question before we 134 00:07:32,680 --> 00:07:34,880 Speaker 1: move on to other companies, which is that I wonder 135 00:07:34,960 --> 00:07:37,800 Speaker 1: if some of what you've has happened to Tesla in 136 00:07:37,840 --> 00:07:40,520 Speaker 1: the last few months, did you take it personally? 137 00:07:42,120 --> 00:07:42,440 Speaker 3: Yes? 138 00:07:44,000 --> 00:07:46,880 Speaker 1: And did it make you regret any of you all 139 00:07:46,920 --> 00:07:59,760 Speaker 1: think twice about your political endeavors because it is I. 140 00:08:00,520 --> 00:08:05,640 Speaker 4: Did what needed to be done, the violent antibody reaction, 141 00:08:06,920 --> 00:08:10,280 Speaker 4: and I'm not someone who's ever committed violence, and yet 142 00:08:11,680 --> 00:08:15,480 Speaker 4: massive violence was committed against my companies, massive violence was 143 00:08:15,480 --> 00:08:16,400 Speaker 4: threatened against me. 144 00:08:18,040 --> 00:08:22,840 Speaker 3: Who are these people? Why would they do that? How 145 00:08:22,840 --> 00:08:23,600 Speaker 3: wrong can they be? 146 00:08:24,160 --> 00:08:27,239 Speaker 4: They're on the wrong on the wrong side of history, 147 00:08:27,320 --> 00:08:29,600 Speaker 4: and that's an evil thing to do to go and 148 00:08:29,680 --> 00:08:35,640 Speaker 4: damage some point intocent person's car, to threaten to kill me. 149 00:08:37,000 --> 00:08:39,800 Speaker 4: What's wrong with these people? I have not harmed anyone, 150 00:08:42,120 --> 00:08:46,000 Speaker 4: So something needs to be done about them, and a 151 00:08:46,040 --> 00:08:48,800 Speaker 4: number of them are going to prison and they deserve it. 152 00:08:50,320 --> 00:08:55,160 Speaker 1: You're well, you're referring to the attacks on Tesla's showrooms, 153 00:08:55,720 --> 00:08:56,560 Speaker 1: but I think. 154 00:08:57,640 --> 00:09:01,800 Speaker 4: Well, it's into showrooms and burning down cause unacceptable. Those 155 00:09:01,800 --> 00:09:04,080 Speaker 4: people will go to prison, and the people that funded 156 00:09:04,120 --> 00:09:06,240 Speaker 4: them and organized them will also go to prison. 157 00:09:06,760 --> 00:09:17,040 Speaker 1: Don't worry, wouldn't you wouldn't you wouldn't wouldn't you acknowledge 158 00:09:17,040 --> 00:09:19,000 Speaker 1: that some of the people who turned against Tesla in 159 00:09:19,040 --> 00:09:24,319 Speaker 1: Europe were were upset at your politics, and very few 160 00:09:24,360 --> 00:09:26,360 Speaker 1: of them would have been violent in any way. They 161 00:09:26,440 --> 00:09:30,960 Speaker 1: just objected to what they saw you say or do politically. 162 00:09:32,760 --> 00:09:35,560 Speaker 4: Well, it's certainly fine to object to political things, but 163 00:09:35,600 --> 00:09:38,800 Speaker 4: it's not it's not fine to resort to violence and 164 00:09:38,840 --> 00:09:45,439 Speaker 4: hanging someone in effigy and death threats. That's obviously not okay. 165 00:09:45,559 --> 00:09:50,760 Speaker 4: You know, that's absurd. That is in no way justifiable 166 00:09:50,840 --> 00:09:54,920 Speaker 4: at all in any way, shape or form. And some 167 00:09:55,000 --> 00:09:57,400 Speaker 4: of the the legacy media and nonetheless have sort of 168 00:09:57,520 --> 00:10:00,800 Speaker 4: justified which is unconscionable. Shame on them. 169 00:10:00,840 --> 00:10:03,720 Speaker 2: After the break, my colleague Michelle Hussein's interview with Elon 170 00:10:03,800 --> 00:10:07,440 Speaker 2: Musk continues. He talks about his long standing feud with 171 00:10:07,480 --> 00:10:10,720 Speaker 2: Open AI and its CEO Sam Altman, and his track 172 00:10:10,760 --> 00:10:22,280 Speaker 2: record on calling for more AI regulation. You're listening to 173 00:10:22,320 --> 00:10:26,520 Speaker 2: Bloomberg's Michelle Hussein interview Elon Musk at the Qatar Economic Forum. 174 00:10:26,880 --> 00:10:30,679 Speaker 1: Let's talk about your other companies, then another business area, SpaceX. 175 00:10:30,960 --> 00:10:32,640 Speaker 1: I saw that you said in a speech at the 176 00:10:32,679 --> 00:10:37,280 Speaker 1: West Point Military Academy recently that the future of warfare 177 00:10:38,120 --> 00:10:42,280 Speaker 1: is AI and drones, and obviously defense is an increasingly 178 00:10:43,160 --> 00:10:46,760 Speaker 1: booming sector with the state of the world at the moment. 179 00:10:47,120 --> 00:10:50,080 Speaker 1: Do you see SpaceX moving into weaponized drones? 180 00:10:58,080 --> 00:11:01,959 Speaker 4: Yeah, so, as they ask interesting questions that are impossible 181 00:11:01,960 --> 00:11:08,400 Speaker 4: to answer, so SpaceX is is. 182 00:11:08,840 --> 00:11:11,559 Speaker 3: The space launch leader. So SpaceX doesn't do drones. 183 00:11:12,320 --> 00:11:21,240 Speaker 4: SpaceX builds rockets, satellites, and Internet terminals, so SpaceX has 184 00:11:21,280 --> 00:11:26,439 Speaker 4: a very dominant position in space launch. So of the 185 00:11:26,520 --> 00:11:30,199 Speaker 4: mass launch to orbit this year, SpaceX will probably do, 186 00:11:33,480 --> 00:11:37,280 Speaker 4: China will do the remain half of the remaining amounts 187 00:11:37,320 --> 00:11:38,920 Speaker 4: of five percent, and the rest of the world, including 188 00:11:38,960 --> 00:11:40,560 Speaker 4: the rest of the US, will do about five percent. 189 00:11:40,840 --> 00:11:42,840 Speaker 3: So SpaceX will do about ten times as much as. 190 00:11:42,760 --> 00:11:44,400 Speaker 4: The rest of the world combined, or twenty times as 191 00:11:44,440 --> 00:11:46,400 Speaker 4: much as China, which is in China is doing actually 192 00:11:46,400 --> 00:11:49,319 Speaker 4: a very impressive job. The reason for this is that 193 00:11:49,360 --> 00:11:53,040 Speaker 4: we're putting it into orbit the largest satellite constellation the 194 00:11:53,040 --> 00:11:56,160 Speaker 4: world has ever seen by far, so I think at 195 00:11:56,160 --> 00:12:01,520 Speaker 4: this point about maybe approaching eighty stable active satellites in 196 00:12:01,640 --> 00:12:05,520 Speaker 4: orbit our SpaceX and they're providing high high vand with 197 00:12:05,679 --> 00:12:09,280 Speaker 4: global connectivity throughout the world. In fact, this connection is 198 00:12:09,320 --> 00:12:13,079 Speaker 4: on a SpaceX connection. So I think this is a 199 00:12:13,160 --> 00:12:16,640 Speaker 4: very good thing because it means that we can provide 200 00:12:16,679 --> 00:12:19,880 Speaker 4: low cost my bandwidth Internet to parts of the world. 201 00:12:19,679 --> 00:12:21,360 Speaker 3: That don't have it or it's very expensive. 202 00:12:21,840 --> 00:12:24,200 Speaker 4: And I think the single biggest thing you can do 203 00:12:24,280 --> 00:12:27,240 Speaker 4: to lift people out of poverty and help them is 204 00:12:27,280 --> 00:12:30,959 Speaker 4: giving them an Internet connection, because once you have the 205 00:12:30,960 --> 00:12:32,040 Speaker 4: internet connection, you can. 206 00:12:31,960 --> 00:12:34,439 Speaker 3: Learn anything for free on the Internet, and you. 207 00:12:34,360 --> 00:12:37,400 Speaker 4: Can also sell your goods and services to the global market. 208 00:12:38,960 --> 00:12:43,959 Speaker 4: And once you have knowledge by the Internet and the 209 00:12:44,000 --> 00:12:49,000 Speaker 4: ability to engage in commerce, that this is going to 210 00:12:49,400 --> 00:12:52,320 Speaker 4: greatly improve quality of life for people throughout the world. 211 00:12:52,360 --> 00:12:53,200 Speaker 3: And it has. 212 00:12:54,640 --> 00:12:56,360 Speaker 4: And I'd just like to think anyone in the audience 213 00:12:56,400 --> 00:13:00,560 Speaker 4: who may have been helpful, and you know, we're starlink 214 00:13:00,840 --> 00:13:03,240 Speaker 4: and getting it to approved in the country, and I 215 00:13:03,240 --> 00:13:04,640 Speaker 4: think it's doing a lot of good in the countries 216 00:13:04,640 --> 00:13:06,480 Speaker 4: that have approved, which is I think this point one 217 00:13:06,520 --> 00:13:10,040 Speaker 4: hundred and thirty countries are very happy with it. I 218 00:13:10,280 --> 00:13:13,480 Speaker 4: don't currently into spate space actually getting into the weapons business. 219 00:13:14,160 --> 00:13:17,120 Speaker 4: That's certainly that's not an aspiration. We're frequent we're frequently 220 00:13:17,200 --> 00:13:20,320 Speaker 4: asked to do to do weapons programs, but we have 221 00:13:20,360 --> 00:13:21,120 Speaker 4: dost part a client. 222 00:13:22,760 --> 00:13:27,520 Speaker 1: Do you envisage SpaceX or indeed starlink as a separate 223 00:13:27,840 --> 00:13:32,000 Speaker 1: entity publicly listing in the near future or at all. 224 00:13:34,840 --> 00:13:38,640 Speaker 4: It's possible that starlink may go public at some point 225 00:13:38,640 --> 00:13:41,520 Speaker 4: in the future, and what would be. 226 00:13:41,440 --> 00:13:45,600 Speaker 1: The what would be the time frame, what kind of 227 00:13:45,600 --> 00:13:46,640 Speaker 1: time frame you consider it. 228 00:13:46,800 --> 00:13:48,800 Speaker 4: I mean no rush, I mean no rush to your public. 229 00:13:49,600 --> 00:13:55,040 Speaker 4: The public is I guess a way to you know, 230 00:13:55,040 --> 00:13:58,600 Speaker 4: potentially make more money, but at the expense of a 231 00:13:58,600 --> 00:14:01,920 Speaker 4: lot of public company overhead and inevitably. 232 00:14:02,840 --> 00:14:05,000 Speaker 3: A whole bunch of lawsuits which are very annoying. 233 00:14:06,040 --> 00:14:07,640 Speaker 4: So there's really something needs to be done about the 234 00:14:07,640 --> 00:14:12,200 Speaker 4: share shareholder shareholder derivative lawsuits in the US because it 235 00:14:12,240 --> 00:14:18,800 Speaker 4: allows plaintiffs law firms who don't represent the shareholders to 236 00:14:18,880 --> 00:14:21,640 Speaker 4: pretend that they represent the shareholders by getting a puppet 237 00:14:21,640 --> 00:14:25,040 Speaker 4: plaintiff for a few shares to initiate a massive lawsuit 238 00:14:25,040 --> 00:14:28,920 Speaker 4: against the company, and the irony being that extreme irony 239 00:14:29,560 --> 00:14:32,920 Speaker 4: that even if the class they purport to represent were 240 00:14:32,960 --> 00:14:35,600 Speaker 4: to vote that they don't want the lawsuit, the lawsuit 241 00:14:35,600 --> 00:14:36,680 Speaker 4: will still continue. 242 00:14:37,240 --> 00:14:38,200 Speaker 3: So how can it be. 243 00:14:38,720 --> 00:14:41,200 Speaker 4: A class action representing a class if the class were 244 00:14:41,320 --> 00:14:44,160 Speaker 4: against it? And that's the bizarre situation we've got in 245 00:14:44,200 --> 00:14:48,920 Speaker 4: the US that needs a dire ney to reform. As 246 00:14:48,920 --> 00:14:51,560 Speaker 4: anyone's running a public company, you've experienced this, It's an 247 00:14:51,560 --> 00:14:53,200 Speaker 4: absurd situation that needs to change. 248 00:14:53,480 --> 00:14:56,080 Speaker 1: Well, do you think Donald Trump might change it. You've 249 00:14:56,200 --> 00:14:58,720 Speaker 1: certainly got his ear. I imagine that you've put this 250 00:14:59,280 --> 00:15:02,040 Speaker 1: to him. Is this something you're trying to change before 251 00:15:02,240 --> 00:15:03,720 Speaker 1: any starlink. 252 00:15:03,320 --> 00:15:08,880 Speaker 3: IPO, Well, we need a law to be passed. 253 00:15:10,760 --> 00:15:15,360 Speaker 4: The trouble being that Judeen sixty Senate Senate votes and 254 00:15:15,440 --> 00:15:23,440 Speaker 4: the Democrats will vote against it. The plaintiffs bar is 255 00:15:23,560 --> 00:15:27,960 Speaker 4: I believe, the second largest contributor to the Democratic Party. 256 00:15:28,800 --> 00:15:31,320 Speaker 4: That's the that's the issue. At the state level, this 257 00:15:31,360 --> 00:15:35,040 Speaker 4: can be solved, and I should say Texas recently passed 258 00:15:35,560 --> 00:15:39,760 Speaker 4: a law which at least the state level made a 259 00:15:39,800 --> 00:15:42,280 Speaker 4: class action lawsuits much more reasonable because you have to 260 00:15:42,280 --> 00:15:44,800 Speaker 4: get at least one in thirty three shareholders to agree 261 00:15:44,880 --> 00:15:49,000 Speaker 4: that they are part of a class of shareholders three percent. 262 00:15:50,640 --> 00:15:54,560 Speaker 4: This is will be really helped with privileged lawsuits. 263 00:15:54,960 --> 00:15:55,120 Speaker 3: OK. 264 00:15:56,680 --> 00:15:59,880 Speaker 1: Let's talk about AI, which is in so many of 265 00:15:59,880 --> 00:16:04,360 Speaker 1: you businesses and in all our worlds in different ways. 266 00:16:04,560 --> 00:16:08,520 Speaker 1: It's one of the big changes the development of generative AI. 267 00:16:08,680 --> 00:16:12,200 Speaker 1: Since you last spoke to this forum three years ago, 268 00:16:12,200 --> 00:16:15,040 Speaker 1: you're in this space of course with GROP which almost 269 00:16:15,040 --> 00:16:18,440 Speaker 1: everyone will know. You co founded open ai and then left, 270 00:16:18,520 --> 00:16:22,360 Speaker 1: and you've obviously got a legal battle with open ai 271 00:16:22,560 --> 00:16:24,680 Speaker 1: and Sam Altman. I wonder if you could say something 272 00:16:24,720 --> 00:16:27,800 Speaker 1: about the status of that, because you were together in 273 00:16:27,800 --> 00:16:31,720 Speaker 1: Saudi Arabia with the president last week with Sam Altman 274 00:16:33,200 --> 00:16:34,720 Speaker 1: in the same place at the same. 275 00:16:34,520 --> 00:16:37,040 Speaker 3: Time in the neighborhood. 276 00:16:37,720 --> 00:16:41,160 Speaker 1: Okay, So does that mean you are pushing ahead with 277 00:16:41,240 --> 00:16:42,840 Speaker 1: the lawsuit against open Ai. 278 00:16:44,840 --> 00:16:49,520 Speaker 3: Yes. So I came up with the name open ai 279 00:16:49,680 --> 00:16:53,760 Speaker 3: as an open source and as a nonprofit, and I 280 00:16:53,840 --> 00:16:59,120 Speaker 3: founded ai opening app for the first roughly fifty million dollars, 281 00:17:00,040 --> 00:17:04,560 Speaker 3: and it was intended to be a nonprofit, open source company, 282 00:17:04,680 --> 00:17:07,239 Speaker 3: and now is they're trying to change that for their 283 00:17:07,280 --> 00:17:12,000 Speaker 3: own financial benefit into a for profit company that is 284 00:17:12,080 --> 00:17:15,040 Speaker 3: closed source. So this would be like, let's. 285 00:17:14,800 --> 00:17:19,000 Speaker 4: Say you you finded a nonprofit to help preserve the 286 00:17:19,040 --> 00:17:22,520 Speaker 4: Amazon rainforest, but instead of doing that, they became a 287 00:17:22,600 --> 00:17:24,800 Speaker 4: lumber company, chopped down the forest and sold the word. 288 00:17:25,560 --> 00:17:27,359 Speaker 3: You'd be like, wait a second, that's not what I founded. 289 00:17:28,840 --> 00:17:29,600 Speaker 3: That's opening Eye. 290 00:17:29,760 --> 00:17:32,679 Speaker 1: They've made some changes to their corporate instructure, though, haven't 291 00:17:32,680 --> 00:17:37,000 Speaker 1: they since in recognition of of what you've said. 292 00:17:36,760 --> 00:17:39,639 Speaker 3: And now that's just what they told the media. 293 00:17:41,160 --> 00:17:48,640 Speaker 1: Okay, part they have part they have partly walked back 294 00:17:48,760 --> 00:17:52,560 Speaker 1: their plan to restructure the business. I guess that's made 295 00:17:52,640 --> 00:17:54,399 Speaker 1: no difference to how you feel about it. So you 296 00:17:54,480 --> 00:17:55,360 Speaker 1: determined to see. 297 00:17:55,200 --> 00:17:57,680 Speaker 3: Them in court of course. 298 00:17:58,359 --> 00:18:01,000 Speaker 1: Okay, well that's said going to be one to watch. 299 00:18:01,080 --> 00:18:03,560 Speaker 1: I also wanted to ask you about AI and regulation 300 00:18:03,600 --> 00:18:06,080 Speaker 1: because when you were here last talking to John Mickelfwait, 301 00:18:06,520 --> 00:18:09,600 Speaker 1: you had some pretty strong words about the risk that 302 00:18:09,840 --> 00:18:14,600 Speaker 1: AI poses and you said that you really felt what 303 00:18:14,800 --> 00:18:18,240 Speaker 1: the US was missing was a federal AI regulator that 304 00:18:18,920 --> 00:18:20,840 Speaker 1: you know, something along lines of the Food and Drug 305 00:18:20,840 --> 00:18:24,760 Speaker 1: Administration or the Federal Aviation Administration. Now you're clearly now 306 00:18:24,760 --> 00:18:27,720 Speaker 1: in a zone where you're more you're more on the 307 00:18:27,800 --> 00:18:31,479 Speaker 1: cutting regulation side than wanting new regulators. So has your 308 00:18:31,560 --> 00:18:33,919 Speaker 1: view changed on the need for an AI regulator. 309 00:18:35,760 --> 00:18:38,639 Speaker 4: Well that I don't think there should be regulators. You 310 00:18:38,640 --> 00:18:41,080 Speaker 4: can think of regulators like referees on the on the 311 00:18:41,080 --> 00:18:45,000 Speaker 4: field in sports, there should be some number of referees, 312 00:18:45,000 --> 00:18:47,080 Speaker 4: but that you shouldn't have so many referees that you 313 00:18:47,119 --> 00:18:48,640 Speaker 4: can't kick the ball without hitting one. 314 00:18:50,280 --> 00:18:53,000 Speaker 3: So in many in most. 315 00:18:54,840 --> 00:18:58,000 Speaker 4: Fields in the US, the regulatory burden has grown over 316 00:18:58,040 --> 00:19:01,600 Speaker 4: time to the point where it's like having more referees 317 00:19:01,600 --> 00:19:06,399 Speaker 4: than players on the field. So and This is a 318 00:19:06,480 --> 00:19:08,960 Speaker 4: natural consequence of an extended period of prosperity. 319 00:19:09,040 --> 00:19:12,520 Speaker 3: It's very important to apro appreciate this. This has happened 320 00:19:12,560 --> 00:19:13,280 Speaker 3: throughout history. 321 00:19:13,760 --> 00:19:15,840 Speaker 4: When you have an extended period of prosperity with no 322 00:19:15,960 --> 00:19:22,080 Speaker 4: existential war, there's no there's no cleansing function for the 323 00:19:22,840 --> 00:19:27,439 Speaker 4: for unnecessary laws and regulations. So what happens is that 324 00:19:27,560 --> 00:19:31,240 Speaker 4: every year more laws and more regulations are pasted, because 325 00:19:32,760 --> 00:19:35,399 Speaker 4: you know, legislators are going to legislate, regulators are going 326 00:19:35,440 --> 00:19:39,199 Speaker 4: to regulate, and you will get the steady pile of 327 00:19:39,480 --> 00:19:43,000 Speaker 4: more and more laws and regulations of a time until 328 00:19:43,080 --> 00:19:46,560 Speaker 4: everything is illegal. And let me give you an example 329 00:19:46,640 --> 00:19:51,920 Speaker 4: of a truly absurd situation. Under the Biden administration, SpaceX 330 00:19:53,440 --> 00:19:58,840 Speaker 4: was sued for not hiring asylum seekers in the US. Now, 331 00:19:58,920 --> 00:20:02,520 Speaker 4: the problem is, it's actually illegal for SpaceX under itart 332 00:20:02,800 --> 00:20:06,200 Speaker 4: in National Traffic and Arms Regulations to hire anyone who 333 00:20:06,240 --> 00:20:08,920 Speaker 4: is not a permanent resident of the United States, because 334 00:20:09,400 --> 00:20:11,960 Speaker 4: the premise being that they will take advanced rocket technology 335 00:20:12,160 --> 00:20:13,879 Speaker 4: and return to their home country if they're not a 336 00:20:13,880 --> 00:20:14,600 Speaker 4: permanent resident. 337 00:20:15,160 --> 00:20:17,399 Speaker 3: So we're simultaneously. 338 00:20:18,000 --> 00:20:20,720 Speaker 4: In a situation where it's illegal to hire slams used 339 00:20:20,720 --> 00:20:25,920 Speaker 4: and is also illegal to hire asylum seekers, and the 340 00:20:26,800 --> 00:20:30,439 Speaker 4: Partner of Justice chose to prosecute us despite both paths 341 00:20:30,480 --> 00:20:31,160 Speaker 4: being illegal. 342 00:20:31,840 --> 00:20:33,320 Speaker 3: Down if you do, down if you don't. 343 00:20:33,440 --> 00:20:37,000 Speaker 1: But my question was specifically about a regulator for AI, 344 00:20:37,440 --> 00:20:40,280 Speaker 1: which you said three years ago was needed, and you 345 00:20:40,359 --> 00:20:43,320 Speaker 1: said we need to be proactive on the regulation of 346 00:20:43,440 --> 00:20:46,760 Speaker 1: AI rather than reactive. Have you changed your mind on that? 347 00:20:47,760 --> 00:20:50,399 Speaker 3: No, of course not. What No, of course not. What 348 00:20:50,400 --> 00:20:53,520 Speaker 3: I'm saying is that there should be some referees on 349 00:20:53,560 --> 00:20:56,800 Speaker 3: the field, a few referees, but you shouldn't have a 350 00:20:56,840 --> 00:21:00,480 Speaker 3: field jam packed with referees such so you could not 351 00:21:00,600 --> 00:21:03,040 Speaker 3: kick a ball in any direction without hitting one. So 352 00:21:03,240 --> 00:21:06,040 Speaker 3: the the fields that have been around for a long time, 353 00:21:06,480 --> 00:21:13,200 Speaker 3: such as automotive, so aerospace, you know if the sort 354 00:21:13,200 --> 00:21:17,880 Speaker 3: of food and drug industries are overregulated, but the new 355 00:21:17,960 --> 00:21:22,600 Speaker 3: fields like artificial intelligence are underregulated. In fact, there is 356 00:21:22,640 --> 00:21:24,120 Speaker 3: no regulator at all. 357 00:21:24,200 --> 00:21:26,080 Speaker 1: So they should be. Do you still think that. 358 00:21:27,440 --> 00:21:29,960 Speaker 3: Yes, I'm simply saying, which I think is just basic 359 00:21:30,040 --> 00:21:32,679 Speaker 3: common sense that you that you want to have at 360 00:21:32,760 --> 00:21:35,000 Speaker 3: least you want to have a few referees in the field. 361 00:21:35,080 --> 00:21:38,520 Speaker 3: You don't want to have an army of referees. But 362 00:21:38,600 --> 00:21:41,159 Speaker 3: you want to have a few referees on any given field, 363 00:21:41,480 --> 00:21:45,240 Speaker 3: in any given sport, or even any given arena, industrial arena, 364 00:21:46,040 --> 00:21:50,040 Speaker 3: to ensure help that public safety is taken care of. 365 00:21:50,920 --> 00:21:53,840 Speaker 3: But you don't have so there's an't, there's an't, there's 366 00:21:53,920 --> 00:21:57,119 Speaker 3: a proper number of referees. Like I said, it's actually 367 00:21:57,160 --> 00:22:00,440 Speaker 3: very easy to visualize this when compared to sports. If 368 00:22:00,440 --> 00:22:03,760 Speaker 3: the whole field is packed with referees, that would look absurd. 369 00:22:04,760 --> 00:22:07,120 Speaker 3: But if there were no referees at all, your game 370 00:22:07,200 --> 00:22:08,080 Speaker 3: is not going to be as good. 371 00:22:09,119 --> 00:22:13,920 Speaker 1: Okay, So let's then talk about your new world, your 372 00:22:14,000 --> 00:22:18,640 Speaker 1: role advising government. You are in this unique and unprecedented 373 00:22:18,680 --> 00:22:22,159 Speaker 1: position of having billions of dollars worth of contracts with 374 00:22:22,200 --> 00:22:25,920 Speaker 1: the federal government yourself, mostly through SpaceX, and also now 375 00:22:25,960 --> 00:22:29,720 Speaker 1: an insider's knowledge of it because of dose. Can you 376 00:22:29,920 --> 00:22:34,080 Speaker 1: see that there is a conflict of interest or a 377 00:22:34,119 --> 00:22:36,840 Speaker 1: potential conflict of interest in broad terms just through that 378 00:22:37,040 --> 00:22:37,560 Speaker 1: very fact? 379 00:22:40,280 --> 00:22:40,920 Speaker 3: I don't think so. 380 00:22:41,000 --> 00:22:45,560 Speaker 4: Actually, there have been many advisors throughout history and the 381 00:22:45,680 --> 00:22:49,760 Speaker 4: US government and others who have had economic interests, and 382 00:22:50,240 --> 00:22:54,119 Speaker 4: I absolutely an advisor. I don't have a formal power, 383 00:22:55,080 --> 00:22:57,800 Speaker 4: and that's a president can choose. 384 00:22:57,520 --> 00:23:01,359 Speaker 3: To accept my advice or not. And that's that's how 385 00:23:01,400 --> 00:23:01,720 Speaker 3: it goes. 386 00:23:02,320 --> 00:23:05,399 Speaker 4: If there's a single contract that of my companies that 387 00:23:05,520 --> 00:23:11,520 Speaker 4: have received that people think is somehow not was awarded improperly, 388 00:23:12,320 --> 00:23:16,240 Speaker 4: it would immediately be front page news, to say the least. 389 00:23:17,440 --> 00:23:20,399 Speaker 4: And if I hadn't mentioned it, certainly my competitors would. 390 00:23:20,600 --> 00:23:22,960 Speaker 4: So if you're not seeing that, then the clill is 391 00:23:22,960 --> 00:23:24,280 Speaker 4: not a complex to interest. 392 00:23:25,480 --> 00:23:28,879 Speaker 1: The Yeah, there's another way though to look at it. 393 00:23:28,920 --> 00:23:32,680 Speaker 1: That For example, you have many competitors, whether it's companies 394 00:23:32,800 --> 00:23:35,200 Speaker 1: like Boeing or companies would like to do more of 395 00:23:35,280 --> 00:23:37,359 Speaker 1: the kind of work you do for NASA Blue Origin 396 00:23:37,440 --> 00:23:43,680 Speaker 1: Rocket Lab. And because DOGE is in every federal government department, 397 00:23:44,720 --> 00:23:48,840 Speaker 1: you or people who work for DOGE and you are 398 00:23:48,880 --> 00:23:53,560 Speaker 1: the driving force behind it, have an insight into those companies' 399 00:23:53,680 --> 00:23:56,800 Speaker 1: affairs and those companies' relationships with the federal government. 400 00:23:58,920 --> 00:24:03,760 Speaker 3: Now, all we do as we review the organization to 401 00:24:03,760 --> 00:24:06,000 Speaker 3: see if the organization has. 402 00:24:07,600 --> 00:24:12,440 Speaker 4: Departments that are no longer relevant and and then are 403 00:24:12,440 --> 00:24:15,520 Speaker 4: the contracts that that are being awarded good value for money? 404 00:24:15,560 --> 00:24:17,960 Speaker 4: In fact, frankly, the bar is not particularly high. Is 405 00:24:17,960 --> 00:24:21,440 Speaker 4: there any value money in a contract? And if there's 406 00:24:21,480 --> 00:24:24,439 Speaker 4: if there isn't, then we make recommendations to the secretary. 407 00:24:24,720 --> 00:24:28,240 Speaker 4: The Secretary can choose to take those actions or not 408 00:24:28,280 --> 00:24:31,280 Speaker 4: take those actions, and that's it. And then any action 409 00:24:31,359 --> 00:24:34,320 Speaker 4: that that that is as a function of DOGE is 410 00:24:34,320 --> 00:24:37,320 Speaker 4: posted to the DOGE website and to the DOGE dog 411 00:24:37,359 --> 00:24:41,680 Speaker 4: Govt at DOGE handle on the x platform. So it's 412 00:24:41,800 --> 00:24:46,639 Speaker 4: it's complete transparency. And I have not seen any case 413 00:24:46,680 --> 00:24:50,240 Speaker 4: where the best min not has even been an accusation 414 00:24:50,320 --> 00:24:52,399 Speaker 4: of conflict because it is. 415 00:24:52,600 --> 00:24:56,160 Speaker 3: It is completely and utterly transparent. That's it. 416 00:24:56,200 --> 00:24:59,960 Speaker 1: And what about the international dimension, Now, let's think about style. 417 00:25:00,160 --> 00:25:03,600 Speaker 1: Stalink is obviously a very very good internet service. It's 418 00:25:03,640 --> 00:25:06,280 Speaker 1: sought after all over the world. It's critical to the 419 00:25:06,280 --> 00:25:10,919 Speaker 1: frontline in Ukraine. It has also had more contracts coming 420 00:25:11,000 --> 00:25:13,800 Speaker 1: its way, and there is some evidence that companies are 421 00:25:13,800 --> 00:25:17,560 Speaker 1: allowing access to it because they want to be close 422 00:25:17,640 --> 00:25:20,040 Speaker 1: to the Trump administration and send the right signal. So 423 00:25:20,320 --> 00:25:23,199 Speaker 1: Bloomberg broke news today that the South African government is 424 00:25:23,240 --> 00:25:26,359 Speaker 1: working around their rules on black ownership in order to 425 00:25:26,480 --> 00:25:29,399 Speaker 1: allow starlinkin and that is being done on the eve 426 00:25:29,920 --> 00:25:32,760 Speaker 1: of the visit the President Ramaposa is going to make 427 00:25:32,800 --> 00:25:35,439 Speaker 1: to the White house. Do you recognize that as a 428 00:25:35,480 --> 00:25:36,359 Speaker 1: conflict of interest? 429 00:25:37,640 --> 00:25:38,639 Speaker 3: Now, of course not. 430 00:25:38,960 --> 00:25:40,960 Speaker 4: First of all, you should be questioning why is there 431 00:25:41,040 --> 00:25:43,080 Speaker 4: why the racist laws in South Africa. That's the first 432 00:25:43,160 --> 00:25:46,840 Speaker 4: pt problem. That's what you should be attacking. It's improper 433 00:25:46,880 --> 00:25:50,280 Speaker 4: for they be racist laws in South Africa. The whole 434 00:25:50,320 --> 00:25:53,399 Speaker 4: idea with what Nelson Madelo, who is a great man, proposed, 435 00:25:53,440 --> 00:25:55,720 Speaker 4: was that or races should be on an equal footing 436 00:25:55,760 --> 00:25:58,199 Speaker 4: in South Africa. That's the right thing to do, not 437 00:25:58,280 --> 00:26:00,400 Speaker 4: to replace one set of racist laws with another set 438 00:26:00,440 --> 00:26:04,480 Speaker 4: of racist laws, which is utterly wrong and improper. So 439 00:26:05,040 --> 00:26:08,040 Speaker 4: the that's that's the deal, that all races. 440 00:26:07,880 --> 00:26:10,920 Speaker 3: Should be tweat equally and there should be no preference 441 00:26:10,920 --> 00:26:13,720 Speaker 3: given to one or the other, whereas there are now 442 00:26:13,720 --> 00:26:15,760 Speaker 3: one hundred and forty laws in South Africa that give 443 00:26:16,840 --> 00:26:22,399 Speaker 3: a pre that basically give strong preference to to if 444 00:26:22,400 --> 00:26:25,719 Speaker 3: you if you're black South African and not otherwise. And 445 00:26:25,760 --> 00:26:27,879 Speaker 3: so now I'm in the subsurd situation where I was 446 00:26:27,880 --> 00:26:29,879 Speaker 3: born in South Africa but cannot get a license to 447 00:26:29,920 --> 00:26:32,520 Speaker 3: operates in starlink because I'm not black. 448 00:26:32,600 --> 00:26:35,719 Speaker 1: Well, it looks like that's about It looks looks like that, right, 449 00:26:36,160 --> 00:26:37,720 Speaker 1: looks like that's about to change. 450 00:26:38,560 --> 00:26:41,159 Speaker 4: I just asked you a question, Please answer. Does that 451 00:26:41,200 --> 00:26:41,879 Speaker 4: seem right to you? 452 00:26:42,359 --> 00:26:46,800 Speaker 1: Well, those rules were designed to bring Those rules were 453 00:26:46,840 --> 00:26:50,000 Speaker 1: designed to bring about an era of more economic equality 454 00:26:50,160 --> 00:26:53,240 Speaker 1: in South Africa, and it looks like the government has 455 00:26:53,240 --> 00:26:54,960 Speaker 1: found a way around those rules for you. 456 00:26:56,600 --> 00:26:57,359 Speaker 3: Ask your question. 457 00:26:58,720 --> 00:27:00,840 Speaker 1: This is this is your ento. Everyone wants to hear 458 00:27:00,840 --> 00:27:01,240 Speaker 1: from you. 459 00:27:01,280 --> 00:27:03,320 Speaker 3: As your question yes or no, not. 460 00:27:04,840 --> 00:27:06,800 Speaker 1: For me to answer. I have got a question for 461 00:27:06,840 --> 00:27:10,920 Speaker 1: you about about your government works and the amount of savings. 462 00:27:11,320 --> 00:27:12,840 Speaker 3: Why do you like raceless lots? 463 00:27:14,480 --> 00:27:17,239 Speaker 1: This is not for me to answer. Come on, now, 464 00:27:17,240 --> 00:27:19,439 Speaker 1: you wouldn't be trying to dodge a question. 465 00:27:20,000 --> 00:27:23,520 Speaker 3: You have to answer question. Answer now, you answer mine. 466 00:27:23,600 --> 00:27:25,919 Speaker 1: I say, I think if you I'm sure you can 467 00:27:25,960 --> 00:27:28,320 Speaker 1: have that conversation directly with the South African government if 468 00:27:28,359 --> 00:27:30,159 Speaker 1: you want to. I want to ask you about the 469 00:27:30,359 --> 00:27:32,760 Speaker 1: total believe it, that's not good. I want to ask 470 00:27:32,800 --> 00:27:36,320 Speaker 1: you about the total around. I want to ask you 471 00:27:36,359 --> 00:27:39,200 Speaker 1: about the total amount that you're planning to save through 472 00:27:39,280 --> 00:27:42,200 Speaker 1: Doge's work. Before the election, you said it was going 473 00:27:42,200 --> 00:27:45,720 Speaker 1: to be at least two trillion. The number currently on 474 00:27:45,880 --> 00:27:49,840 Speaker 1: doze dog gov is one hundred and seventy billion dollars. 475 00:27:50,200 --> 00:27:53,000 Speaker 1: That's a big change. What happened to the two trillion? 476 00:27:54,600 --> 00:27:56,000 Speaker 3: Or do you expect it to happen immediately? 477 00:27:56,640 --> 00:27:59,080 Speaker 1: Well? Is it going to happen because dose is supposed 478 00:27:59,119 --> 00:28:00,440 Speaker 1: to run till next July. 479 00:28:01,400 --> 00:28:04,240 Speaker 4: I mean, your question is absurd in this fundamental premise. 480 00:28:04,800 --> 00:28:07,480 Speaker 4: Are you assuming that on day you know, within a 481 00:28:07,520 --> 00:28:09,720 Speaker 4: few months this an instant two trillion saved? 482 00:28:10,200 --> 00:28:11,679 Speaker 1: No, I'm not sure. I'm just asking you, is that 483 00:28:11,760 --> 00:28:12,400 Speaker 1: still your aim? 484 00:28:12,520 --> 00:28:14,920 Speaker 3: Then? Is it still your aim to get the amount 485 00:28:14,960 --> 00:28:17,760 Speaker 3: of time? Have we not made good progress given the 486 00:28:17,800 --> 00:28:18,440 Speaker 3: amount of time? 487 00:28:19,800 --> 00:28:22,080 Speaker 1: That's exactly what I'm asking. So, is it's still your 488 00:28:22,160 --> 00:28:24,560 Speaker 1: aim to go from one hundred and seventy billion to 489 00:28:24,640 --> 00:28:25,320 Speaker 1: two trillion? 490 00:28:28,200 --> 00:28:31,920 Speaker 3: The ability of those to operate is this function of 491 00:28:32,200 --> 00:28:35,359 Speaker 3: whether the government. 492 00:28:35,240 --> 00:28:38,800 Speaker 4: And this includes the Congress, is willing to take our advice. 493 00:28:40,240 --> 00:28:43,040 Speaker 4: We're not the dictators of the government. We are the advisors, 494 00:28:43,800 --> 00:28:46,880 Speaker 4: and so we can advise. And the progress who made 495 00:28:46,920 --> 00:28:49,080 Speaker 4: thus far I think is incredible. Those team has done 496 00:28:49,080 --> 00:28:53,960 Speaker 4: incredible work. But the magnitude of. 497 00:28:54,680 --> 00:28:57,520 Speaker 3: The savings is proportionate to the support we get from 498 00:28:57,560 --> 00:29:02,760 Speaker 3: Congress and from the yeah executive branch of the government. 499 00:29:02,760 --> 00:29:08,680 Speaker 3: In general. So we're not the dictators. We are the advisors. 500 00:29:09,440 --> 00:29:13,400 Speaker 4: But thus far, for advisors with the DOGE team, to 501 00:29:13,440 --> 00:29:18,160 Speaker 4: their credit, has made incredible progress. 502 00:29:19,480 --> 00:29:22,920 Speaker 1: You've talked about four billion dollars a day being saved, 503 00:29:23,760 --> 00:29:27,320 Speaker 1: but that that won't get which is an and I 504 00:29:27,320 --> 00:29:31,040 Speaker 1: think everyone can agree that combating waste and inefficiency in 505 00:29:31,040 --> 00:29:33,360 Speaker 1: government is a very good thing. But if you add 506 00:29:33,400 --> 00:29:34,959 Speaker 1: that up, it's not going to get to two trillion 507 00:29:35,000 --> 00:29:36,320 Speaker 1: over the lifetime of DOGE. 508 00:29:39,800 --> 00:29:40,440 Speaker 3: I'm sorry. 509 00:29:41,320 --> 00:29:44,080 Speaker 1: The four billion, the four billion a day, if dose 510 00:29:44,160 --> 00:29:45,880 Speaker 1: is going to run till next July, is not going 511 00:29:45,920 --> 00:29:52,160 Speaker 1: to get you to two trillion dollars. But you still 512 00:29:52,160 --> 00:29:54,560 Speaker 1: say it's your aim, so we'll take that as read. 513 00:29:57,040 --> 00:29:59,920 Speaker 3: There's there's, there's there's what DOGE I mean? I feel 514 00:30:00,000 --> 00:30:01,200 Speaker 3: you are somewhat trapped. 515 00:30:00,880 --> 00:30:06,600 Speaker 4: In the NPC dialogue tree of a traditional journalist. So 516 00:30:06,760 --> 00:30:09,920 Speaker 4: it's difficult when I'm conversing with someone who's trapped in 517 00:30:09,920 --> 00:30:12,840 Speaker 4: the dialog of a conventional journalist because it's like talking 518 00:30:12,840 --> 00:30:13,440 Speaker 4: to a computer. 519 00:30:14,880 --> 00:30:19,600 Speaker 3: So doges an advisory. 520 00:30:19,080 --> 00:30:22,200 Speaker 4: Group, we are doing the best we can as an 521 00:30:22,240 --> 00:30:25,680 Speaker 4: advisory group. The progress made thus far as an advisory 522 00:30:25,680 --> 00:30:28,800 Speaker 4: group is excellent. I don't think any advisory group has 523 00:30:28,840 --> 00:30:32,680 Speaker 4: done better in the history of advisory groups of the government. Now, 524 00:30:33,680 --> 00:30:37,400 Speaker 4: we do not make the laws, nor do we control 525 00:30:37,800 --> 00:30:42,160 Speaker 4: the judiciary, nor do we control the executive branch. We 526 00:30:42,240 --> 00:30:45,200 Speaker 4: are simply advisors. In that context, we are doing very well. 527 00:30:46,520 --> 00:30:50,560 Speaker 4: Beyond that, we cannot we cannot take action beyond that 528 00:30:50,600 --> 00:30:53,760 Speaker 4: because we are not some sort of imperial dictator of 529 00:30:53,800 --> 00:30:54,240 Speaker 4: the government. 530 00:30:54,440 --> 00:30:57,959 Speaker 3: There are three branches of the government that that art 531 00:30:58,080 --> 00:31:02,400 Speaker 3: some degree opposed to that level. Cost savings, no or less. 532 00:31:03,480 --> 00:31:08,160 Speaker 4: Let's let's let's not criticize whether there's a four trillion 533 00:31:08,840 --> 00:31:11,520 Speaker 4: and instead look at the fact that that out sixty 534 00:31:11,560 --> 00:31:15,000 Speaker 4: billion has been saved and more will we saved two And. 535 00:31:15,000 --> 00:31:17,760 Speaker 1: As I said, I think everyone can agree that cutting 536 00:31:17,960 --> 00:31:22,360 Speaker 1: waste and indeed fraud in any government and being responsible 537 00:31:22,360 --> 00:31:26,440 Speaker 1: with taxpayers money is a very good thing. So yes, 538 00:31:26,640 --> 00:31:28,480 Speaker 1: I can see, I can see that you're proud of 539 00:31:28,480 --> 00:31:28,920 Speaker 1: that work. 540 00:31:30,560 --> 00:31:33,400 Speaker 2: After the break, Michelle asks Elon Musk about US AID 541 00:31:33,560 --> 00:31:37,120 Speaker 2: funding cuts, whether he's in communication with Russian President Vladimir 542 00:31:37,120 --> 00:31:41,680 Speaker 2: Putin and the steepest challenges facing the multi hyphenit CEO. 543 00:31:50,400 --> 00:31:53,719 Speaker 2: You're listening to Bloomberg's Michelle Hussein interview Elon Musk at 544 00:31:53,720 --> 00:31:55,920 Speaker 2: the Cutter Economic Forum. 545 00:31:56,040 --> 00:32:00,800 Speaker 1: I do want to ask you about USAID and the 546 00:32:00,840 --> 00:32:03,480 Speaker 1: comments that Bill Gates made the other day, which and 547 00:32:03,560 --> 00:32:07,600 Speaker 1: I know that you called him. I know you've said 548 00:32:07,600 --> 00:32:08,280 Speaker 1: that already. 549 00:32:08,840 --> 00:32:09,840 Speaker 3: I wanted. 550 00:32:10,960 --> 00:32:13,440 Speaker 4: And I'm just who does Bill Gates think he is 551 00:32:13,600 --> 00:32:17,120 Speaker 4: to make comments about the welfare of children, given that 552 00:32:17,360 --> 00:32:19,400 Speaker 4: he is before quented Jeffrey. 553 00:32:19,200 --> 00:32:21,000 Speaker 3: Fstein, Okay, well. 554 00:32:22,680 --> 00:32:26,400 Speaker 1: He's he's he said he regrets those and he's spent. 555 00:32:27,040 --> 00:32:29,200 Speaker 1: He spent. He spent a lot. He spent a lot 556 00:32:29,280 --> 00:32:32,760 Speaker 1: of his own money on on philanthropy around the world 557 00:32:32,800 --> 00:32:35,400 Speaker 1: over the years. My question to you is have you 558 00:32:35,480 --> 00:32:38,400 Speaker 1: looked at the data to check if he might be 559 00:32:38,600 --> 00:32:41,240 Speaker 1: right that the cuts to U S A I D 560 00:32:41,760 --> 00:32:43,920 Speaker 1: might cost millions of lives. 561 00:32:46,040 --> 00:32:49,400 Speaker 4: Yes, I'd like him to shore us any any evidence 562 00:32:49,440 --> 00:32:50,600 Speaker 4: whatsoever that that is true. 563 00:32:50,640 --> 00:32:51,120 Speaker 3: It's false. 564 00:32:52,400 --> 00:32:55,280 Speaker 4: The what we're found with US A D cuts and 565 00:32:55,320 --> 00:32:57,840 Speaker 4: by the way, they have an open cut. The parts 566 00:32:57,880 --> 00:32:59,280 Speaker 4: of the U S A D that were found to 567 00:32:59,320 --> 00:33:03,120 Speaker 4: be even slightly useful, we're transferred to the stage department. 568 00:33:03,200 --> 00:33:05,480 Speaker 4: So they've not been deleted, they've soerly been transferred to 569 00:33:05,520 --> 00:33:09,000 Speaker 4: the stage department. But many many times over with USA 570 00:33:09,080 --> 00:33:12,000 Speaker 4: D and other organizations. When we've when they said, oh, 571 00:33:12,040 --> 00:33:15,080 Speaker 4: well this is going to help you know, children, or 572 00:33:15,120 --> 00:33:20,600 Speaker 4: it's going to help some UH disease eradication or something 573 00:33:20,640 --> 00:33:23,040 Speaker 4: like that. And then when we ask for any evidence whatsoever, 574 00:33:23,800 --> 00:33:26,680 Speaker 4: I say, well, please connect us with this group of 575 00:33:26,720 --> 00:33:28,959 Speaker 4: children so we can talk to them and understand more 576 00:33:28,960 --> 00:33:29,680 Speaker 4: about their issue. 577 00:33:29,840 --> 00:33:33,760 Speaker 3: We get nothing. We don't they don't even try to 578 00:33:33,800 --> 00:33:37,400 Speaker 3: prevent show. We should come up with a with a 579 00:33:37,440 --> 00:33:40,440 Speaker 3: show orphan meaning like it's sort of like, well, can 580 00:33:40,480 --> 00:33:43,520 Speaker 3: we at least see a few kids, like where are 581 00:33:43,520 --> 00:33:45,920 Speaker 3: they if they're in trouble, we'd like to talk to 582 00:33:45,960 --> 00:33:48,640 Speaker 3: them and talk to their caregivers. And then we get 583 00:33:48,720 --> 00:33:49,520 Speaker 3: a thing as a. 584 00:33:49,480 --> 00:33:54,440 Speaker 4: Response because it's what we find is an enormous amount 585 00:33:54,680 --> 00:33:56,760 Speaker 4: of fraud and graft. 586 00:33:56,240 --> 00:33:58,120 Speaker 1: Okay, I put this example. 587 00:33:58,200 --> 00:34:01,240 Speaker 3: Very little actually gets to the kids, if anything at all. 588 00:34:01,320 --> 00:34:04,360 Speaker 1: Okay, let me put this example to you because you 589 00:34:04,440 --> 00:34:06,120 Speaker 1: grew up in South Africa, so you will know the 590 00:34:06,120 --> 00:34:08,759 Speaker 1: impact of HIV AIDS well. And this is why I 591 00:34:08,800 --> 00:34:12,840 Speaker 1: asked about the data the US led on international efforts 592 00:34:12,920 --> 00:34:17,200 Speaker 1: to combat HIV AIDS treatment prevention. And there's an initiative 593 00:34:17,239 --> 00:34:20,440 Speaker 1: called pepfile, which is credited with saving twenty six million 594 00:34:20,480 --> 00:34:23,200 Speaker 1: lives in the last twenty years. It was part of 595 00:34:23,200 --> 00:34:25,720 Speaker 1: the foreign aid freeze. Then there was a limited waiver. 596 00:34:26,200 --> 00:34:32,040 Speaker 1: Its services are disrupted, and unaid says if permanly discontinued, 597 00:34:32,480 --> 00:34:35,839 Speaker 1: there will be another four million AIDS related deaths by 598 00:34:35,920 --> 00:34:39,640 Speaker 1: twenty twenty nine. So if you look at that example, 599 00:34:40,000 --> 00:34:43,120 Speaker 1: which is backed up by data. In twenty twenty three, 600 00:34:43,239 --> 00:34:46,799 Speaker 1: six hundred and thirty thousand people died of AIDS related illnesses, 601 00:34:47,360 --> 00:34:49,920 Speaker 1: then perhaps Bill Gates's figures are not wrong. Millions of 602 00:34:49,920 --> 00:34:50,920 Speaker 1: lives could be lost. 603 00:34:53,080 --> 00:35:02,480 Speaker 3: First of all, the program, the AIDS Medication program, is continuing, 604 00:35:02,600 --> 00:35:06,600 Speaker 3: so your fun moree premise is wrong. It is continuing. Now, 605 00:35:06,719 --> 00:35:08,160 Speaker 3: do you have another example, not in. 606 00:35:11,280 --> 00:35:16,080 Speaker 1: Its entire not in its entirety the program there's a 607 00:35:16,120 --> 00:35:19,840 Speaker 1: limited waiver, and UNAIDS have said that not all of 608 00:35:19,880 --> 00:35:23,200 Speaker 1: the services that were previously funded by USA IDEA continuing. 609 00:35:23,239 --> 00:35:26,080 Speaker 1: So that's that's why, that's why I put that example 610 00:35:26,120 --> 00:35:26,360 Speaker 1: to you. 611 00:35:26,760 --> 00:35:29,319 Speaker 3: Okay, well, which ones aren't being funded? I'll fix it. 612 00:35:29,360 --> 00:35:33,400 Speaker 1: Right now for okay. Well, actually they're all on the 613 00:35:33,560 --> 00:35:36,480 Speaker 1: un unaid's website, so you'll be able to see them, 614 00:35:36,480 --> 00:35:39,000 Speaker 1: but mostly they are to deal with Mostly they are 615 00:35:39,000 --> 00:35:41,640 Speaker 1: to do with prevention, and for example, the rollout of 616 00:35:41,640 --> 00:35:44,960 Speaker 1: a drug called Lennard kappavir, which was hailed as one 617 00:35:45,000 --> 00:35:49,080 Speaker 1: of the biggest breakthroughs against AIDS for many years, which 618 00:35:49,120 --> 00:35:51,680 Speaker 1: came out last year. So if you are perhaps, I'm 619 00:35:51,719 --> 00:35:54,279 Speaker 1: sure UNAIDS would be delighted if you're able to look 620 00:35:54,280 --> 00:35:54,840 Speaker 1: at that again. 621 00:35:55,880 --> 00:35:58,640 Speaker 3: Yes, well, if in fact this is true, which I 622 00:35:58,680 --> 00:35:59,879 Speaker 3: doubt it is, then we'll fix it. 623 00:36:00,080 --> 00:36:08,040 Speaker 1: Okay, fine, So finally, political, your political influence. I wondered 624 00:36:08,280 --> 00:36:11,120 Speaker 1: whether you have decided yet how much you're going to 625 00:36:11,160 --> 00:36:18,000 Speaker 1: spend on the upcoming midterms. Is it you spent a 626 00:36:18,040 --> 00:36:20,360 Speaker 1: lot more money on the last US election than you 627 00:36:20,480 --> 00:36:23,879 Speaker 1: envisaged when you were speaking here three years ago. Are 628 00:36:23,880 --> 00:36:26,560 Speaker 1: you going to continue to spend at that kind of 629 00:36:26,600 --> 00:36:28,960 Speaker 1: level on future elections? 630 00:36:30,920 --> 00:36:37,120 Speaker 3: I think in terms of political spending, I'm going to 631 00:36:37,120 --> 00:36:38,400 Speaker 3: do a lot less in the future. 632 00:36:39,680 --> 00:36:40,360 Speaker 1: And why is that? 633 00:36:42,719 --> 00:36:43,640 Speaker 3: I think I've done enough? 634 00:36:46,880 --> 00:36:48,719 Speaker 1: Is it because of blowback? 635 00:36:51,719 --> 00:36:54,280 Speaker 3: Well? If I see a reason to do political spending 636 00:36:54,320 --> 00:36:57,280 Speaker 3: in the future, I will do it. An I currently serieson. 637 00:36:58,160 --> 00:37:01,920 Speaker 1: What about political influence beyond the US? How often do 638 00:37:01,960 --> 00:37:03,360 Speaker 1: you speak to President Putin. 639 00:37:05,120 --> 00:37:06,360 Speaker 3: I don't speak to President Putin. 640 00:37:08,080 --> 00:37:09,680 Speaker 1: You've never spoken to President Putin. 641 00:37:11,800 --> 00:37:13,479 Speaker 3: I was on a video caller with him once about 642 00:37:13,480 --> 00:37:18,040 Speaker 3: five years ago. That's the only that's the speaks President Putin. 643 00:37:18,800 --> 00:37:20,160 Speaker 3: Oh you must I get it. 644 00:37:21,400 --> 00:37:23,680 Speaker 1: Actually, i've heard you. I've heard you speak about it. 645 00:37:23,719 --> 00:37:25,960 Speaker 1: For example, in your West Point speech, you said, oh, 646 00:37:26,000 --> 00:37:30,400 Speaker 1: I challenged President Putin to to was it an arm wrestle? 647 00:37:30,440 --> 00:37:34,400 Speaker 1: And I know the Wall Street Journalist reported your reported conversations. 648 00:37:34,400 --> 00:37:36,919 Speaker 1: If you're if you're saying they haven't happened other than once, 649 00:37:36,960 --> 00:37:37,799 Speaker 1: I'll take that as read. 650 00:37:39,239 --> 00:37:41,319 Speaker 3: Is there a worse publication on the face of the 651 00:37:41,360 --> 00:37:43,520 Speaker 3: earth than the Wall Street Journal I wouldn't use that 652 00:37:43,600 --> 00:37:48,560 Speaker 3: to lign up my cage for paragraphics that that that 653 00:37:48,640 --> 00:37:52,719 Speaker 3: newspaper is the worst newspaper in the world. And there's 654 00:37:53,120 --> 00:37:55,799 Speaker 3: and you know, if there's one newspaper that should be 655 00:37:55,840 --> 00:37:58,439 Speaker 3: pro capitalist, it's the one with Wall Street in the name. 656 00:37:59,600 --> 00:38:00,240 Speaker 3: But it isn't. 657 00:38:01,080 --> 00:38:03,799 Speaker 4: So I have the very lowest opinion of the Wall 658 00:38:03,840 --> 00:38:05,760 Speaker 4: Street Journal. Absolute answers. 659 00:38:05,760 --> 00:38:08,000 Speaker 3: And you clearly have believed the tripe that you've written, 660 00:38:08,200 --> 00:38:09,560 Speaker 3: that you've read in those papers. 661 00:38:09,640 --> 00:38:12,640 Speaker 1: I read, I read very widely, and I'm putting these 662 00:38:12,719 --> 00:38:14,680 Speaker 1: questions to you so that you have an opportunity to 663 00:38:14,719 --> 00:38:17,719 Speaker 1: respond to them, which you are and for which we're 664 00:38:17,760 --> 00:38:20,239 Speaker 1: all grateful to hear. Your response is, okay, we are. 665 00:38:20,280 --> 00:38:21,080 Speaker 1: We are out of time. 666 00:38:21,160 --> 00:38:26,600 Speaker 4: So you mentioned challenging. I did so on the X platform. 667 00:38:27,080 --> 00:38:32,360 Speaker 4: I challenged Vladimir Putin to single over the I didn't 668 00:38:32,400 --> 00:38:33,080 Speaker 4: talk to him. 669 00:38:33,120 --> 00:38:35,120 Speaker 3: That was a post on the X platform. 670 00:38:35,560 --> 00:38:37,719 Speaker 1: That's why. That's why I asked you, and you've and 671 00:38:37,760 --> 00:38:40,520 Speaker 1: you've clarified and explained, thank you. That's that's why I 672 00:38:40,560 --> 00:38:44,359 Speaker 1: was asking whether you have had reported conversations and and 673 00:38:44,400 --> 00:38:46,480 Speaker 1: you've said you have a dot of videos. 674 00:38:46,920 --> 00:38:49,480 Speaker 3: Okay, legacy media lize. 675 00:38:50,000 --> 00:38:52,440 Speaker 1: Okay, listen. I actually thought I might give Grock the 676 00:38:52,520 --> 00:38:56,760 Speaker 1: last word, because when I asked Rock what your hardest 677 00:38:56,840 --> 00:39:01,200 Speaker 1: challenge is, it said the strain of managing multiple high 678 00:39:01,280 --> 00:39:06,359 Speaker 1: stake ventures and made financial, regulatory and public relations crises. 679 00:39:06,880 --> 00:39:11,399 Speaker 1: And I wondered whether you recognize that characterization and whether 680 00:39:11,480 --> 00:39:14,960 Speaker 1: you do think that this is a pivotal year in 681 00:39:15,000 --> 00:39:17,640 Speaker 1: your life. 682 00:39:18,320 --> 00:39:21,400 Speaker 3: Well, every year has been somewhat pivotal, and this one's 683 00:39:21,520 --> 00:39:22,040 Speaker 3: no different. 684 00:39:24,200 --> 00:39:27,880 Speaker 4: So I mean, in terms of interesting things that probably 685 00:39:27,920 --> 00:39:36,800 Speaker 4: our accomplish this year the getting Starship to be fully reusable, 686 00:39:37,400 --> 00:39:40,920 Speaker 4: so that we catch both the booster and the ship, 687 00:39:41,239 --> 00:39:43,960 Speaker 4: which will be the first fully reusable orbital rocket ever 688 00:39:44,000 --> 00:39:47,319 Speaker 4: in history, which will be a profound breakthrough as the 689 00:39:47,400 --> 00:39:51,319 Speaker 4: essential breakthrough necessarily to make life multiplanetary and ultimately become 690 00:39:51,360 --> 00:39:55,719 Speaker 4: a space faring civilization. We've got neural link which is 691 00:39:56,440 --> 00:40:03,480 Speaker 4: now helped by patients restore capability using the te lefty 692 00:40:03,480 --> 00:40:06,400 Speaker 4: implant where they're able to control the computer simply by thinking. 693 00:40:08,000 --> 00:40:13,600 Speaker 4: We'll be doing our first patient to restore bland, just 694 00:40:13,640 --> 00:40:17,919 Speaker 4: to restore restore site with our blind site implant, which 695 00:40:17,920 --> 00:40:20,719 Speaker 4: is the the end of this year early next. In fact, 696 00:40:20,760 --> 00:40:23,080 Speaker 4: that that first patient might be in the U a E. 697 00:40:23,480 --> 00:40:25,319 Speaker 4: Since we have a relationship with you AE and the 698 00:40:25,360 --> 00:40:26,880 Speaker 4: Cleveland clinic clinic there. 699 00:40:28,520 --> 00:40:31,360 Speaker 3: The I think what's. 700 00:40:31,280 --> 00:40:34,560 Speaker 4: Running on the AI front, we are close to what 701 00:40:34,600 --> 00:40:39,640 Speaker 4: you might call a g I or or digital superintelligence, 702 00:40:41,600 --> 00:40:44,280 Speaker 4: and I think we'll see we are seeing an explosion 703 00:40:44,280 --> 00:40:47,880 Speaker 4: in digital super intelligence here. And then we've got at Tesla, 704 00:40:48,000 --> 00:40:52,160 Speaker 4: the what we'll be launching ancuvised autonomy basically self driving 705 00:40:52,160 --> 00:40:52,960 Speaker 4: cars with no one. 706 00:40:52,800 --> 00:40:56,239 Speaker 3: In them in Austin next month. So It's a big 707 00:40:56,320 --> 00:40:57,280 Speaker 3: year for sure. 708 00:40:59,080 --> 00:41:02,359 Speaker 4: Many other things on the in the works too. 709 00:41:03,280 --> 00:41:06,680 Speaker 3: I'm technologists first and foremost Elon Musk. 710 00:41:06,840 --> 00:41:08,760 Speaker 1: Thank you very much for joining us here at Cutter 711 00:41:08,840 --> 00:41:10,239 Speaker 1: Economic Forum. Thank you. 712 00:41:15,080 --> 00:41:17,479 Speaker 2: This is the Big Take from Bloomberg News. I'm David Gera. 713 00:41:18,040 --> 00:41:21,200 Speaker 2: This conversation was part of the Bloomberg Weekend Interview, where 714 00:41:21,200 --> 00:41:24,680 Speaker 2: host Michelle Hussain will talk to influential voices in politics, 715 00:41:24,880 --> 00:41:28,040 Speaker 2: business and culture from around the globe. You'll be able 716 00:41:28,040 --> 00:41:31,280 Speaker 2: to find Michelle's new Weekend interview series at Bloomberg dot com, 717 00:41:31,360 --> 00:41:35,480 Speaker 2: slash Weekend, or in the Bloomberg Gap. The Government of 718 00:41:35,520 --> 00:41:37,839 Speaker 2: the State of Cutter is the underwriter of the Cutter 719 00:41:37,920 --> 00:41:42,000 Speaker 2: Economic Forum, powered by Bloomberg Special thanks to Jessica bec 720 00:41:42,080 --> 00:41:45,480 Speaker 2: and Timothy Green. Thanks for listening. We'll be back tomorrow.