WEBVTT - Elon Implants a Brain Chip, Deepfakes Break X

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<v Speaker 1>Well, Elon Musk gives now the richest person on the planet.

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<v Speaker 2>More than half the satellites in space are owned and

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<v Speaker 2>controlled by one man.

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<v Speaker 1>Starting his own artificial intelligence company.

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<v Speaker 3>Well, he's a legitimate, super genius.

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<v Speaker 4>Legitimate, he says.

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<v Speaker 3>He's always voted for Democrats, but this year it will

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<v Speaker 3>be different. He'll vote Republican.

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<v Speaker 5>There is a reason the US government is so reliant

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<v Speaker 5>on him.

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<v Speaker 4>Elon Musk is a scam artist and he's done nothing.

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<v Speaker 4>Anything he does is fascinating the people.

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<v Speaker 2>Welcome to Elon, Inc. Where we discuss Elon Musk's vast

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<v Speaker 2>corporate empire, his latest gambits and antics, and how to

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<v Speaker 2>make sense of it all. I'm your host, David Papadoppolos.

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<v Speaker 2>The news is coming fast and furious in the Elon Verse.

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<v Speaker 2>Last night, Elon announced that Neuralink had successfully implanted a

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<v Speaker 2>chip into a human. Big news, clearly, but just how

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<v Speaker 2>excited or terrified should we be? Meanwhile, over at X,

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<v Speaker 2>the team had a strange response to deep fake porn

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<v Speaker 2>images of Taylor Swift that had gone viral on the platform.

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<v Speaker 2>They made it impossible to search for her at all.

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<v Speaker 2>Oh and Tesla earnings came and went and the stock

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<v Speaker 2>market gave Elon a big thumbs down. To talk about this,

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<v Speaker 2>I'm sitting here in the studio with Max Schafkin, senior

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<v Speaker 2>reporter at Bloomberg BusinessWeek. Hello Max, Hey, you missed me, Max, wwa.

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<v Speaker 4>I did. It's so good to see you, David.

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<v Speaker 2>Later, we'll be joined by Kurt Wagner and Dana Hall

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<v Speaker 2>to talk about X and Tesla, respectively. But first we

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<v Speaker 2>welcome Sarah McBride to the show. Hello Sarah.

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<v Speaker 6>Hello.

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<v Speaker 2>Sarah is Bloomberg's Neurlink reporter and will help guide us

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<v Speaker 2>through this cerebral quantum leap. So, Sarah, what do we

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<v Speaker 2>actually know here? What happened? A chip went in, the

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<v Speaker 2>patient survived. What else do we know?

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<v Speaker 6>Well? In his tweet yesterday, Elon said that signals were

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<v Speaker 6>working in the patient's brain, that neurons were firing or

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<v Speaker 6>words to that effect, which is great, but it would

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<v Speaker 6>have been terrible news had that not been the case.

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<v Speaker 2>And what exactly does neurons firing? What is that for

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<v Speaker 2>the lay people out there like MEA Max? What does

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<v Speaker 2>that mean?

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<v Speaker 6>In his post yesterday, Elon wrote that initial results showed

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<v Speaker 6>promising neurons spike detection and all that means is that

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<v Speaker 6>there are one hundred billion neurons almost in the average

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<v Speaker 6>human brain, and so the neurons, which are the cells

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<v Speaker 6>of the brain that are near this device are working. There.

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<v Speaker 6>When a neuron works, you can tell because it kind

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<v Speaker 6>of activates at the end, there's a tiny electrical signal.

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<v Speaker 6>So that's what they're picking up with the device as

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<v Speaker 6>after it got implanted on Sunday.

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<v Speaker 2>Pretty encouraging. I mean, hard to know exactly how much

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<v Speaker 2>to read into it, but certainly positive for times the

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<v Speaker 2>patient survives.

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<v Speaker 6>Right, doesn't mean that the device is working. It means

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<v Speaker 6>that it didn't destroy anything in the patient's brain, and

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<v Speaker 6>probably a few days or weeks down the line, then

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<v Speaker 6>they'll see if it can actually result in the patient

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<v Speaker 6>being able to, for example, mover cursor on a computer

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<v Speaker 6>outside outside their boxy.

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<v Speaker 2>So we don't know that yet. We're not there yet.

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<v Speaker 4>We don't know that yet, not even close, not even close.

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<v Speaker 1>Sorry not to be the wet blanket, but like I

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<v Speaker 1>think we need to approach the claims being made here

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<v Speaker 1>with some skepticism. First of all, it's Elon Musk we're

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<v Speaker 1>talking about. He's a guy who tends to present you know,

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<v Speaker 1>let's just say like the rosiest possible version of any

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<v Speaker 1>prospective technology. And this is a safety trial, it's not

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<v Speaker 1>an efficacy trial.

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<v Speaker 4>This is the point here is to put this.

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<v Speaker 1>In a few people's brains and see if anything bad

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<v Speaker 1>happens to them. And so far, according to a single

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<v Speaker 1>tweet by Elon Musk, we don't know. We haven't heard

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<v Speaker 1>anything from the patient. We haven't heard anything else. Patient's doing.

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<v Speaker 4>Okay.

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<v Speaker 1>I just want to remind everyone in the monkey trials

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<v Speaker 1>that Neuraline did, there were a lot of serious COMPLICATIONDS

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<v Speaker 1>for the monkeys. And I went back and reread the

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<v Speaker 1>story that Wired published on this. Right, these these were

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<v Speaker 1>not necessarily happening the next day, So I think there's

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<v Speaker 1>still some time even before we can say these are safe.

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<v Speaker 2>Right, So I was sort of thinking that the fact

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<v Speaker 2>that here we are TK hours later the patient is

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<v Speaker 2>still alive was fairly significant that as a positive sign.

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<v Speaker 2>Max is sort of suggesting that, well, okay, great, made

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<v Speaker 2>it through the surgery. But you know, these things tend

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<v Speaker 2>to pop up down the road. Just how significant is

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<v Speaker 2>initial survival? Obviously again great for the patient, but.

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<v Speaker 6>Yeah, I have to say it's very significant. This has

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<v Speaker 6>been years in the making. This has been Elon promising

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<v Speaker 6>every year like, oh yeah, we're going to have this

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<v Speaker 6>device in a few months or next year, and finally,

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<v Speaker 6>literally years after he first promised that it is in

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<v Speaker 6>a human brain. That said, other companies that have done

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<v Speaker 6>similar work have tended to wait a few days before

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<v Speaker 6>making similar.

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<v Speaker 2>But this is Elon Mosky. You knew he wasn't gonna wait.

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<v Speaker 6>This is Elon. Also, this patient is you know, monkeys

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<v Speaker 6>can't indicate when there's something wrong. Monkeys try to scratch

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<v Speaker 6>their heads and mess with the scar sites. I'm not

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<v Speaker 6>saying that those surgeries weren't botched. I've read some of

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<v Speaker 6>the UC Davis reports, and maybe there were mistakes made

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<v Speaker 6>during the surgery, but this is a human patient and

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<v Speaker 6>hopefully a lot was learned from those monkey experiments. They've

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<v Speaker 6>done many implants in primates since those botched ones, so

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<v Speaker 6>I think they know the stakes here and this one

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<v Speaker 6>was super carefully done.

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<v Speaker 2>Now on the surgery itself, it is not a human

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<v Speaker 2>doing the surgery itself, right, It is a robot.

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<v Speaker 4>Correct, there's a.

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<v Speaker 6>Robot assisting in the surgery, but it's not like the

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<v Speaker 6>patient goes in the surgeons are like, okay, up to

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<v Speaker 6>the robot. We're out of here. It's still a lot

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<v Speaker 6>of humans in the operating room kind of managing the robot.

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<v Speaker 2>Well, that's reassuring that there are humans involved here.

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<v Speaker 4>Now.

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<v Speaker 2>Listen, Max made it sound like it was all this

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<v Speaker 2>is all about the safety of the product and not

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<v Speaker 2>so much so much about efficacy. But efficacy means when

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<v Speaker 2>you were talking about whether this person will be able

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<v Speaker 2>to move a cursor with his or her brain, that

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<v Speaker 2>sounds like efficacy to me, not safety.

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<v Speaker 6>So they definitely are interested in safety. That is, to

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<v Speaker 6>Max's point, the top priority. But it's a little different

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<v Speaker 6>to drug trials. So device trials don't go through the

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<v Speaker 6>same phase one, phase two, phase three we might be

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<v Speaker 6>familiar with from drugs. There are different stages and they're

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<v Speaker 6>analogous to some of those phase one, two, three, But

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<v Speaker 6>you don't put a device like this in somebody's brain

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<v Speaker 6>and not know that it's working before you go ahead

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<v Speaker 6>and implant the next patient.

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<v Speaker 1>So, but just to be clear, Sarah, there's another phase

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<v Speaker 1>that they're gonna need tomorrow.

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<v Speaker 6>Yeah, there are two more phases there. We're looking at

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<v Speaker 6>years of child right.

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<v Speaker 1>Well, nonetheless, Elon Musk in addition to announcing that the

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<v Speaker 1>neurons are firing or whatever whatever he said, whatever that means.

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<v Speaker 1>And now it's a product name for this. It's called Telepathy.

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<v Speaker 1>It sounds wonderful. I mean, telepathy sounds pretty good.

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<v Speaker 6>Well, he's changed the name a few times, so let's

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<v Speaker 6>see if telepathy sticks. But it's catchy.

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<v Speaker 2>Matt Max seems to like it, so there we go.

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<v Speaker 1>I just it's just funny how we've gone from we

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<v Speaker 1>put this in the guy. The guy is not dead yet,

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<v Speaker 1>thank god, and it's called telepathy, and you know, I

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<v Speaker 1>feel like we're one tweet away from like pre order one.

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<v Speaker 4>Now it'll only be as.

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<v Speaker 2>Put your deposit in.

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<v Speaker 6>I have a feeling it's not going to be called

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<v Speaker 6>telepathy when it fie gets released to the market. Somebody's

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<v Speaker 6>going to put the kibasha on that. But yeah, it's

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<v Speaker 6>a great name.

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<v Speaker 2>So what do stage two, Sarah, and stage three look like?

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<v Speaker 2>And when do we all go around with these things

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<v Speaker 2>in our heads?

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<v Speaker 6>Elon said that he wanted to get it in over

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<v Speaker 6>ten patients this year, which is ambitious, but they could

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<v Speaker 6>do it, you know, if they did one a month

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<v Speaker 6>and then they have to analyze all the data, submit

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<v Speaker 6>that to the FDA. Once the FDA's reviewed it, then

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<v Speaker 6>they can start the next set of trials. And then

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<v Speaker 6>the third set is called the pivotal trials, and those

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<v Speaker 6>are the most exciting. You know that it's closest to

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<v Speaker 6>an actual product. Those will be hundreds, if not thousands

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<v Speaker 6>of people, but that's probably five years away. Yeah, if

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<v Speaker 6>everything works as hoped.

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<v Speaker 2>Now, let me ask you, as you said, in a

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<v Speaker 2>good scenario, they're able to do about one a month.

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<v Speaker 2>I guess that's I'm curious about that is What is

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<v Speaker 2>it about these that are so difficult that you can

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<v Speaker 2>only do one a month? Is just simply the fact

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<v Speaker 2>that they are still These are just baby steps for them,

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<v Speaker 2>and they're being You have to be super cautious at

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<v Speaker 2>this at this stage.

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<v Speaker 6>I mean, yeah, it's the first time they're doing this.

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<v Speaker 6>You're putting electrodes several millimeters deep into somebody's cortex. You're

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<v Speaker 6>slicing open their skull to do it, You're cutting into

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<v Speaker 6>their dora. You want to make sure that the first

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<v Speaker 6>one goes pretty well before you even try patient too.

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<v Speaker 6>Then you want to make sure patient two is doing

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<v Speaker 6>pretty well before you try patient three, and then you

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<v Speaker 6>need to start actually doing the stuff you're trying to do,

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<v Speaker 6>get the patient to move cursors and so on, control

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<v Speaker 6>external devices. Then you have to build all that data,

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<v Speaker 6>collate the results, present it to the FDA, let the

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<v Speaker 6>FDA review it. And this is assuming that every thing

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<v Speaker 6>goes well. If you have a setback like some patient

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<v Speaker 6>who's scarring, heals in a weird way, or that could

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<v Speaker 6>delay everything by months.

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<v Speaker 2>More sure, listen last question before we let you go here.

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<v Speaker 2>So Neurlink in the musk constellation of companies isn't certainly

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<v Speaker 2>isn't the most valuable or I don't even think towards

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<v Speaker 2>the top end of those. But this is a big

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<v Speaker 2>step right where roughly has it's a privately held company,

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<v Speaker 2>where has its valuation roughly been, and what if anything

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<v Speaker 2>does this development do for that valuation?

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<v Speaker 6>Yeah, I mean it'll probably increase the valuation. And as

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<v Speaker 6>to where it is in the constellation of musk companies,

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<v Speaker 6>it's toward the bottom, but toward the bottom for a

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<v Speaker 6>musk company. In this case, Neuralink's worth three point five

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<v Speaker 6>billion dollars For a medical device company that just implanted

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<v Speaker 6>its first device in a human That is huge, just unbelievable.

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<v Speaker 6>So that's the must fact driving up the valuation. And

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<v Speaker 6>then you know, if they make it to the next trial,

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<v Speaker 6>it'll have another outsized jump that'll make every other medical

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<v Speaker 6>device company jealous. And you're seeing it already. I said

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<v Speaker 6>the CEO of a rival company called Synchron last night.

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<v Speaker 6>I just think he couldn't help himself. He had to

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<v Speaker 6>post a tweet of one of his I think it

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<v Speaker 6>was one of his patients manipulating Pong with his mind,

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<v Speaker 6>just like, we're still here, don't forget about us. We've

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<v Speaker 6>got devices in patients, still there and.

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<v Speaker 2>In many ways, as you report it many times, in

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<v Speaker 2>many ways many steps ahead of of Neuralink.

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<v Speaker 6>Actually right, yeah, exactly, Well, in some ways they're in patience,

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<v Speaker 6>but in other ways their device isn't as sophisticated as

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<v Speaker 6>the Neuralink device. Neuralink has a thousand electrodes more than

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<v Speaker 6>a thousand on its device, and Synchron doesn't have that many.

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<v Speaker 6>So you can go back and forth and debate the

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<v Speaker 6>pros and cons. But yeah, they were in patients for Nearlink.

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<v Speaker 1>And way they're way behind on names because, like I mean,

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<v Speaker 1>because a normal sober minded medical device company would not

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<v Speaker 1>just like go around, like you know, marketing a highly

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<v Speaker 1>speculative brand name on their you know very much in development.

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<v Speaker 1>Maybe it works, maybe it's safe. We don't know yet product,

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<v Speaker 1>but you on, he'll it's difficult to go ahead and

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<v Speaker 1>do that. And investors, you know, for better worse, they

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<v Speaker 1>like that, they love it.

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<v Speaker 2>Okay, Sarah, listen, thank you very much for being with us.

0:12:27.880 --> 0:12:31.000
<v Speaker 2>We will have you on as soon as we know more.

0:12:31.040 --> 0:12:33.960
<v Speaker 2>As soon as you know more about our first patient.

0:12:33.640 --> 0:12:36.040
<v Speaker 6>Here sounds good. Thanks for having me.

0:12:41.360 --> 0:12:43.720
<v Speaker 2>Max and are now joined by Kurt Wagner, a tech

0:12:43.760 --> 0:12:47.800
<v Speaker 2>reporter here at Bloomberg covering social media and the author

0:12:47.880 --> 0:12:51.000
<v Speaker 2>of the soon to be released book Battle for the Bird,

0:12:51.360 --> 0:12:56.600
<v Speaker 2>about Twitter and the battle for control of the company. Kurt,

0:12:56.800 --> 0:12:59.960
<v Speaker 2>I know there's something tailor about Taylor Swift and deep

0:13:00.120 --> 0:13:03.600
<v Speaker 2>fake porn, and then Musks people came back and they

0:13:03.679 --> 0:13:06.760
<v Speaker 2>knew they hit the nuclear option, and you suddenly couldn't

0:13:07.120 --> 0:13:11.280
<v Speaker 2>search it all for her. What the what the heck happened? Yeah?

0:13:11.360 --> 0:13:14.480
<v Speaker 5>I mean, you had all the ingredients right there of

0:13:14.520 --> 0:13:17.320
<v Speaker 5>exactly what happened. So the end of last week we

0:13:17.559 --> 0:13:20.440
<v Speaker 5>saw that there were some there was deep fake porn

0:13:20.520 --> 0:13:23.040
<v Speaker 5>of the most arguably the most famous woman in the

0:13:23.040 --> 0:13:27.800
<v Speaker 5>world right now, Taylor Swift, circulating on x and this

0:13:27.920 --> 0:13:32.240
<v Speaker 5>violates several of the company's policies, first and foremost. And

0:13:32.320 --> 0:13:36.360
<v Speaker 5>so what we saw was naturally people seeking it out,

0:13:36.559 --> 0:13:40.880
<v Speaker 5>sharing it, commenting on it, outrage of course from swift

0:13:40.920 --> 0:13:43.600
<v Speaker 5>E's and other fans of not only Taylor, but just

0:13:43.640 --> 0:13:46.240
<v Speaker 5>people who realized that this is not a good thing

0:13:46.320 --> 0:13:49.280
<v Speaker 5>to be happening on any platform. And then you saw

0:13:49.320 --> 0:13:51.560
<v Speaker 5>the companies sort of scrambling to try and figure out

0:13:51.600 --> 0:13:54.480
<v Speaker 5>what to do about this, right, and David you mentioned

0:13:54.840 --> 0:13:58.560
<v Speaker 5>they ultimately for a couple of days literally blocked people

0:13:58.679 --> 0:14:02.080
<v Speaker 5>from having searched results when they searched for Taylor Swift's name.

0:14:02.200 --> 0:14:04.240
<v Speaker 5>It's sort of happy to get into sort of how

0:14:04.280 --> 0:14:04.839
<v Speaker 5>extreme that.

0:14:04.880 --> 0:14:07.280
<v Speaker 2>Is, right, Why did they take such an extreme step?

0:14:07.320 --> 0:14:10.120
<v Speaker 2>Why could they not be more precise in there and

0:14:10.200 --> 0:14:11.319
<v Speaker 2>their crackdown on this?

0:14:11.640 --> 0:14:14.000
<v Speaker 5>So you do something like this when you're having trouble

0:14:15.120 --> 0:14:17.319
<v Speaker 5>cleaning up all of the stuff on your own, right, this,

0:14:17.800 --> 0:14:20.160
<v Speaker 5>this is I would consider a last resort or close

0:14:20.200 --> 0:14:23.000
<v Speaker 5>to a last resort. And to me, the fact that

0:14:23.040 --> 0:14:26.200
<v Speaker 5>they simply had to block people from even searching for

0:14:26.280 --> 0:14:28.520
<v Speaker 5>Taylor Swift is a sign that they were not able

0:14:28.560 --> 0:14:31.440
<v Speaker 5>to get the problem under control on their own, and

0:14:31.480 --> 0:14:33.480
<v Speaker 5>so they had to take a drastic measure like this.

0:14:33.520 --> 0:14:37.760
<v Speaker 5>I've covered Twitter for ten years. I don't remember this

0:14:37.880 --> 0:14:41.360
<v Speaker 5>happening before in terms of the search ban, certainly not

0:14:41.480 --> 0:14:44.400
<v Speaker 5>as it relates to a high profile user like this.

0:14:45.000 --> 0:14:48.360
<v Speaker 2>And that tells you what then about the current state of.

0:14:48.480 --> 0:14:51.000
<v Speaker 5>X Well, that the trust and safety function over there

0:14:51.120 --> 0:14:53.760
<v Speaker 5>is not operating in the way that it was before

0:14:53.800 --> 0:14:57.160
<v Speaker 5>Elon took over, and then it's not operating very smoothly, right,

0:14:57.200 --> 0:15:01.000
<v Speaker 5>I mean, presumably how something like this would normally be

0:15:01.160 --> 0:15:04.600
<v Speaker 5>handled is it would be flagged to the company, you know,

0:15:04.680 --> 0:15:08.160
<v Speaker 5>oftentimes maybe even by the not Taylor directly, but probably

0:15:08.160 --> 0:15:11.200
<v Speaker 5>her team. Right, They'd have a partnership's contact at the

0:15:11.200 --> 0:15:14.320
<v Speaker 5>company that they would go to. The company would not

0:15:14.360 --> 0:15:16.800
<v Speaker 5>only immediately take down the original tweet, but they would

0:15:17.000 --> 0:15:20.680
<v Speaker 5>probably take those photos or videos and start to scan

0:15:20.800 --> 0:15:24.200
<v Speaker 5>the rest of the service for either identical matches to them,

0:15:24.760 --> 0:15:27.400
<v Speaker 5>or other photos or videos that look very similar. Maybe

0:15:27.440 --> 0:15:29.640
<v Speaker 5>it's the same photo but it's been a watermark has

0:15:29.640 --> 0:15:31.480
<v Speaker 5>been added or something like that, right, And they would

0:15:31.520 --> 0:15:33.920
<v Speaker 5>sort of automate the process of taking the stuff down

0:15:33.960 --> 0:15:37.200
<v Speaker 5>as quickly as possible. What we know is that the

0:15:37.240 --> 0:15:41.960
<v Speaker 5>original content was up I believe for something like seventeen hours.

0:15:41.760 --> 0:15:44.440
<v Speaker 2>It's now down. Ultimately, the original content is down.

0:15:44.480 --> 0:15:45.120
<v Speaker 5>It's now down.

0:15:45.280 --> 0:15:45.720
<v Speaker 4>That's right.

0:15:45.960 --> 0:15:48.200
<v Speaker 5>And they've and to be clear starting last night. So

0:15:48.280 --> 0:15:51.320
<v Speaker 5>Monday night they started letting people search for Taylor Swift again.

0:15:51.360 --> 0:15:53.520
<v Speaker 5>So they feel like they've gotten the process or they

0:15:53.640 --> 0:15:56.160
<v Speaker 5>excuse me, the problem under control. But it took several

0:15:56.240 --> 0:15:57.440
<v Speaker 5>days on that.

0:15:57.960 --> 0:16:00.880
<v Speaker 2>You mentioned the NFL game. The NFL game is, as

0:16:01.400 --> 0:16:05.360
<v Speaker 2>all of basically mankind knows, Taylor Swift is dating the

0:16:05.400 --> 0:16:08.920
<v Speaker 2>tight end for the Kansas City Chiefs. Travis Kelcey Kansas

0:16:08.880 --> 0:16:12.960
<v Speaker 2>City Chiefs played on Sunday in the semi finals of

0:16:13.400 --> 0:16:16.160
<v Speaker 2>the NFL playoffs. They won, They're going to the super Bowl.

0:16:16.480 --> 0:16:20.720
<v Speaker 2>So this band though on Taylor Swift searches is happening

0:16:20.880 --> 0:16:23.120
<v Speaker 2>as this playoff game, this Kens City Chiefs game is

0:16:23.160 --> 0:16:26.760
<v Speaker 2>going on, and Kurt, the NFL has been right one

0:16:26.800 --> 0:16:30.280
<v Speaker 2>of the few bright spots for X of late in

0:16:30.360 --> 0:16:35.280
<v Speaker 2>terms of generating buzz and content and all that horrible timing.

0:16:35.000 --> 0:16:38.160
<v Speaker 5>No terrible timing, I mean, imagine how many people are

0:16:38.200 --> 0:16:42.120
<v Speaker 5>watching that game Sunday and see, you know, CBS cutaway

0:16:42.160 --> 0:16:44.320
<v Speaker 5>to a shot of Taylor Swift jumping around in the

0:16:44.640 --> 0:16:47.960
<v Speaker 5>you know, the Kelsey box or whatever and want to

0:16:48.000 --> 0:16:50.160
<v Speaker 5>go to X and search about it or to talk

0:16:50.200 --> 0:16:53.560
<v Speaker 5>about it or whatever. Right, and suddenly a huge part

0:16:53.920 --> 0:16:57.440
<v Speaker 5>of the service is not working for that exact use case.

0:16:57.360 --> 0:17:01.120
<v Speaker 2>Kurt, So the nuclear option, somebody there at X hit

0:17:01.200 --> 0:17:03.640
<v Speaker 2>the button. There was a very very large button that

0:17:03.760 --> 0:17:07.680
<v Speaker 2>just says nuke, and they hit it and Taylor Swift

0:17:07.720 --> 0:17:13.920
<v Speaker 2>disappeared from X for basically a day. Is that what

0:17:13.960 --> 0:17:16.679
<v Speaker 2>we're going to expect going forward is that the blueprint

0:17:16.800 --> 0:17:19.720
<v Speaker 2>then as this comes up in coming days and weeks,

0:17:19.720 --> 0:17:21.800
<v Speaker 2>including perhaps during the Super Bowl in two weeks.

0:17:23.200 --> 0:17:25.600
<v Speaker 5>I mean, that can't be the long term blueprint, right.

0:17:25.600 --> 0:17:28.399
<v Speaker 5>That's just not a good strategy, is not a good

0:17:28.440 --> 0:17:32.959
<v Speaker 5>business model. It's a bad way to handle this, but

0:17:33.080 --> 0:17:36.280
<v Speaker 5>it's what you do when you're desperate. So my hope

0:17:36.440 --> 0:17:39.080
<v Speaker 5>is that there were a lot of learnings from the

0:17:39.119 --> 0:17:43.359
<v Speaker 5>past couple days that the team that is there figured out, Okay,

0:17:43.560 --> 0:17:46.439
<v Speaker 5>you know, here's what we did wrong, or you know,

0:17:46.520 --> 0:17:50.280
<v Speaker 5>maybe add some new level of kind of monitoring for

0:17:50.359 --> 0:17:53.040
<v Speaker 5>some high profile accounts. As you mentioned, the Super Bowl

0:17:53.240 --> 0:17:55.359
<v Speaker 5>is two weeks from now. If this stuff starts to

0:17:55.400 --> 0:17:58.040
<v Speaker 5>circulate again, like well, they have made enough of it

0:17:58.200 --> 0:18:02.600
<v Speaker 5>change in the next two weeks, I'd be surprised. So

0:18:03.080 --> 0:18:05.560
<v Speaker 5>it may be that we see something like this happen again.

0:18:05.840 --> 0:18:08.720
<v Speaker 5>What I will point out real quick is that they

0:18:08.840 --> 0:18:12.240
<v Speaker 5>did say, and they're they're announcing this very intentionally. This

0:18:12.320 --> 0:18:15.600
<v Speaker 5>week they're going to open a trust and safety office

0:18:15.680 --> 0:18:18.200
<v Speaker 5>in Austin, Texas. I claim they're going to hire one

0:18:18.240 --> 0:18:21.920
<v Speaker 5>hundred full time employees to Now one hundred is a

0:18:21.920 --> 0:18:24.600
<v Speaker 5>small amount, to be clear, but full time employees at

0:18:24.800 --> 0:18:27.840
<v Speaker 5>X one hundred is actually a pretty decent size. And

0:18:27.840 --> 0:18:30.919
<v Speaker 5>they're announcing this because Linda Yakarino is going to be

0:18:30.960 --> 0:18:35.480
<v Speaker 5>speaking before Congress on Wednesday about protecting children online.

0:18:35.560 --> 0:18:38.560
<v Speaker 2>Is it actually meaningful or is it just simply pr

0:18:38.840 --> 0:18:40.960
<v Speaker 2>and for disappearance.

0:18:41.160 --> 0:18:45.159
<v Speaker 5>I think it's more pr than it is meaningful.

0:18:45.320 --> 0:18:48.080
<v Speaker 2>What would a reasonable number be for a task like that?

0:18:48.200 --> 0:18:52.360
<v Speaker 5>Kurt, Well, it's tough because so many of these companies,

0:18:52.359 --> 0:18:55.399
<v Speaker 5>like Meta, I think, was touting tens of thousands of

0:18:55.400 --> 0:18:58.399
<v Speaker 5>content moderators, but most of them are contractors, right, They're

0:18:58.440 --> 0:19:02.760
<v Speaker 5>like basically just sifting through this never ending wheel of

0:19:02.880 --> 0:19:05.840
<v Speaker 5>terrible content and clicking allow or not allow or whatever.

0:19:06.640 --> 0:19:10.480
<v Speaker 5>Having one hundred full time employees working on this could

0:19:10.480 --> 0:19:15.360
<v Speaker 5>be meaningful if those people are, you know, writing policy

0:19:15.400 --> 0:19:18.879
<v Speaker 5>handling high profile accounts like Taylor Swift. I need to

0:19:18.920 --> 0:19:21.399
<v Speaker 5>see what these people ares jobs description are going to

0:19:21.440 --> 0:19:23.840
<v Speaker 5>be before I can really say how meaningful it is.

0:19:23.960 --> 0:19:27.160
<v Speaker 2>But okay, but what if you are a much lesser

0:19:27.359 --> 0:19:30.720
<v Speaker 2>public personality and do not have the influence or the

0:19:30.760 --> 0:19:33.680
<v Speaker 2>deep pockets that Taylor Swift has. When if you too

0:19:33.720 --> 0:19:36.960
<v Speaker 2>are targeted in something like this, what is your fate?

0:19:37.720 --> 0:19:40.520
<v Speaker 5>I think you're in trouble in that situation. Quite frankly,

0:19:40.560 --> 0:19:44.119
<v Speaker 5>I mean, if it takes seventeen hours and several days

0:19:43.720 --> 0:19:47.000
<v Speaker 5>to figure this out for Taylor Swift, you know, what

0:19:47.160 --> 0:19:51.639
<v Speaker 5>chance does someone who has one hundred followers, or maybe

0:19:51.640 --> 0:19:54.120
<v Speaker 5>someone who's not even on X right, but yet their

0:19:54.840 --> 0:19:58.680
<v Speaker 5>face or their content or their body has been posted

0:19:58.680 --> 0:20:01.320
<v Speaker 5>to X right. They might not even really be aware

0:20:01.359 --> 0:20:03.800
<v Speaker 5>that it's up there. This is not just an X problem.

0:20:03.840 --> 0:20:05.639
<v Speaker 5>So I don't want to continue. You know, we're talking

0:20:05.640 --> 0:20:08.280
<v Speaker 5>about X because of the situation over the last couple

0:20:08.280 --> 0:20:11.320
<v Speaker 5>of days, But like this idea of you know, women

0:20:11.359 --> 0:20:14.359
<v Speaker 5>in particular, having their bodies shared online without their consent,

0:20:14.480 --> 0:20:17.439
<v Speaker 5>Like this happens on websites all over the place, and

0:20:17.520 --> 0:20:20.080
<v Speaker 5>it's not okay, right, But you just hold a higher

0:20:20.119 --> 0:20:23.439
<v Speaker 5>standard to some of these larger companies because they have

0:20:23.480 --> 0:20:26.000
<v Speaker 5>so much power, so much money, so much influence. You

0:20:26.080 --> 0:20:28.920
<v Speaker 5>hope that the Metas and the x's of the world

0:20:29.000 --> 0:20:31.040
<v Speaker 5>can get this right. Because if they can't get it right,

0:20:31.200 --> 0:20:33.280
<v Speaker 5>what kind of hope do we have for anybody?

0:20:33.320 --> 0:20:35.600
<v Speaker 1>Yeah, we should say there's been reporting suggesting this was

0:20:35.640 --> 0:20:38.280
<v Speaker 1>a Microsoft tool that was used to create this or

0:20:38.280 --> 0:20:40.480
<v Speaker 1>could at least create some of these images. There have

0:20:40.560 --> 0:20:44.640
<v Speaker 1>been Google alphabet has had its own battles with basically

0:20:44.680 --> 0:20:47.480
<v Speaker 1>deep celebrity deep fakes. So yeah, I mean a lot

0:20:47.520 --> 0:20:49.440
<v Speaker 1>of big companies, a lot of big companies that have

0:20:49.720 --> 0:20:52.600
<v Speaker 1>you know, gigantic vast teams of people you would think

0:20:52.640 --> 0:20:55.120
<v Speaker 1>trying to stop this stuff, have also struggled, But they

0:20:55.160 --> 0:20:59.879
<v Speaker 1>just haven't struggled in such a spectacularly comic way. The

0:21:00.080 --> 0:21:02.359
<v Speaker 1>banning of Taylor Swift. Also, the risk isn't just like

0:21:02.400 --> 0:21:05.159
<v Speaker 1>getting sued by Taylor Swift. It's like upsetting your users.

0:21:05.240 --> 0:21:06.840
<v Speaker 1>I don't know if other people have noticed this, but

0:21:06.920 --> 0:21:09.800
<v Speaker 1>like sometimes you're just searching for something on Twitter and

0:21:09.840 --> 0:21:12.040
<v Speaker 1>there will just be like porn that that'll just like

0:21:12.160 --> 0:21:14.800
<v Speaker 1>find its way in that has found its way past

0:21:14.840 --> 0:21:17.600
<v Speaker 1>the filters and into your feed. Like it's very and

0:21:17.880 --> 0:21:20.240
<v Speaker 1>again when you're talking about like the Taylor Swift fandom,

0:21:20.240 --> 0:21:21.880
<v Speaker 1>I don't probably don't have to tell people people feel

0:21:22.000 --> 0:21:23.880
<v Speaker 1>very strongly about it, Like I don't think they want

0:21:23.920 --> 0:21:25.639
<v Speaker 1>to see normal people don't want to.

0:21:25.640 --> 0:21:27.440
<v Speaker 4>See Taylor Swift revenge porn.

0:21:27.800 --> 0:21:30.000
<v Speaker 1>And that might be enough to turn you know, large

0:21:30.040 --> 0:21:33.239
<v Speaker 1>numbers of people off of X permanently.

0:21:33.400 --> 0:21:37.720
<v Speaker 5>And advertisers max right, Like we could have an hour

0:21:37.760 --> 0:21:41.959
<v Speaker 5>long conversation about advertisers fleen X and Elon, but this

0:21:42.040 --> 0:21:44.480
<v Speaker 5>type of thing does not help them at all because

0:21:44.680 --> 0:21:48.520
<v Speaker 5>Coca Cola, Apple, Disney, pick your brand. The last thing

0:21:48.560 --> 0:21:50.320
<v Speaker 5>they want to do is be handing over their money

0:21:50.320 --> 0:21:54.920
<v Speaker 5>to a platform that is, you know, known for Taylor Swift.

0:21:55.280 --> 0:21:59.159
<v Speaker 1>Well, it's quite the advertising decks like Linda on Madison

0:21:59.200 --> 0:22:01.720
<v Speaker 1>Avenue being like, listen, we've got some great products for you.

0:22:01.760 --> 0:22:04.800
<v Speaker 4>We've got the NFL, we've got deep fake porn on

0:22:04.800 --> 0:22:05.960
<v Speaker 4>one side, exactly.

0:22:06.119 --> 0:22:09.439
<v Speaker 2>Yeah, yeah, Kurt, we will see how they do in

0:22:09.480 --> 0:22:13.320
<v Speaker 2>two weeks when the Kansas City chiefs, Travis Kelcey and

0:22:13.520 --> 0:22:15.800
<v Speaker 2>Taylor Swift take on to San Francisco forty hours and

0:22:15.800 --> 0:22:19.120
<v Speaker 2>we'll see how X holds up. Then. Thanks for joining us, Yeah,

0:22:19.200 --> 0:22:19.679
<v Speaker 2>my pleasure.

0:22:19.720 --> 0:22:20.080
<v Speaker 5>Thank you.

0:22:24.080 --> 0:22:27.720
<v Speaker 2>We are now joined by our ace Tesla reporter, Dana

0:22:27.760 --> 0:22:32.439
<v Speaker 2>hall Low. Dana, thanks for having me. Okay, so last

0:22:32.520 --> 0:22:36.680
<v Speaker 2>week and we previewed this on the show. Tesla released

0:22:37.119 --> 0:22:41.680
<v Speaker 2>fourth quarter earnings and the market gave it, I said

0:22:41.680 --> 0:22:43.640
<v Speaker 2>earlier thumbs out. I actually think they gave it two

0:22:43.680 --> 0:22:48.120
<v Speaker 2>thumbs down. The stock cratered towards the end of last week. Actually,

0:22:48.160 --> 0:22:50.520
<v Speaker 2>in all of the S and P five hundred index,

0:22:50.520 --> 0:22:52.600
<v Speaker 2>there are only two companies year to date that have

0:22:52.680 --> 0:22:55.720
<v Speaker 2>fallen more than Tesla, and they are two companies it

0:22:56.000 --> 0:23:00.959
<v Speaker 2>mired in major crises. I know the stock is bouncing

0:23:01.000 --> 0:23:04.119
<v Speaker 2>back some now, but still it seems like this was

0:23:04.160 --> 0:23:07.760
<v Speaker 2>a flop. Dana tell us why did it fall so much?

0:23:08.320 --> 0:23:11.119
<v Speaker 2>Was it something that was actually in the earnings report

0:23:11.200 --> 0:23:14.560
<v Speaker 2>or was it something that was said that unnerved investors

0:23:14.560 --> 0:23:14.960
<v Speaker 2>so much?

0:23:16.680 --> 0:23:19.439
<v Speaker 3>Well, it was both. The January earnings call is all

0:23:19.480 --> 0:23:22.840
<v Speaker 3>about forward looking guidance and this was a company that

0:23:22.880 --> 0:23:24.919
<v Speaker 3>did not really give any guidance. They just said that

0:23:24.960 --> 0:23:26.960
<v Speaker 3>things were going to be lower and that they're in

0:23:27.040 --> 0:23:30.320
<v Speaker 3>between two waves of growth. Tellesla is currently between two

0:23:30.400 --> 0:23:31.320
<v Speaker 3>major growth waves.

0:23:31.760 --> 0:23:33.760
<v Speaker 5>Were folks on making sure that our next growth wave

0:23:33.840 --> 0:23:37.399
<v Speaker 5>driven by next gen vehicle, mpgy, storage, both self driving

0:23:37.400 --> 0:23:39.880
<v Speaker 5>and other projects is executed as well as possible.

0:23:40.280 --> 0:23:42.920
<v Speaker 3>And you know, there was not a number like how

0:23:42.960 --> 0:23:45.240
<v Speaker 3>many cars are they going to deliver in twenty twenty four.

0:23:45.320 --> 0:23:47.480
<v Speaker 3>They didn't say two million, they didn't say two point

0:23:47.560 --> 0:23:50.280
<v Speaker 3>five million. They just said that growth could be lower

0:23:50.880 --> 0:23:53.560
<v Speaker 3>and that they're in between two waves. And that was

0:23:53.600 --> 0:23:56.800
<v Speaker 3>sort of a nerving And then as the call went on,

0:23:57.119 --> 0:23:59.760
<v Speaker 3>like things just sort of you know, Elon was very

0:23:59.800 --> 0:24:02.760
<v Speaker 3>like sunny and optimistic and upbeat in terms of his tone,

0:24:02.960 --> 0:24:07.440
<v Speaker 3>but the lack of guidance was really disturbing. And yeah,

0:24:07.480 --> 0:24:09.560
<v Speaker 3>the stock is now down twenty two percent so far

0:24:09.640 --> 0:24:10.520
<v Speaker 3>in twenty twenty four.

0:24:11.040 --> 0:24:13.520
<v Speaker 2>You know, Max, My take is, as I was looking

0:24:13.560 --> 0:24:17.119
<v Speaker 2>at this briefly, was that you have a company in Tesla.

0:24:17.160 --> 0:24:19.840
<v Speaker 2>It has along been this great growth stock. Right, All

0:24:19.880 --> 0:24:22.640
<v Speaker 2>stocks investor CEE stocks in two categories, neither a growth

0:24:22.640 --> 0:24:25.119
<v Speaker 2>stock or a value stock, and a growth stock is

0:24:25.800 --> 0:24:28.160
<v Speaker 2>a stock that you were buying an anticipation of great

0:24:28.200 --> 0:24:30.679
<v Speaker 2>growth going forward. In the last few years, you know,

0:24:30.760 --> 0:24:34.480
<v Speaker 2>around sixty percent a year that is slowed to twenty percent,

0:24:34.520 --> 0:24:37.080
<v Speaker 2>and that seems to be roughly what people are forecasting

0:24:37.119 --> 0:24:40.439
<v Speaker 2>going forward. So I guess, you know, when you're valued

0:24:40.440 --> 0:24:43.000
<v Speaker 2>as much as it was eight hundred billion dollars at

0:24:43.000 --> 0:24:45.639
<v Speaker 2>one point not too recently, I guess this is just

0:24:45.640 --> 0:24:47.920
<v Speaker 2>sort of like a gravity moment here, right, Yeah.

0:24:47.960 --> 0:24:50.520
<v Speaker 1>I mean I think that's and Elon himself kind of

0:24:50.560 --> 0:24:52.959
<v Speaker 1>said that, you know, he's sort of in attempting, as

0:24:53.040 --> 0:24:55.720
<v Speaker 1>Dana says, to kind of lower expectations. Said, you know,

0:24:55.760 --> 0:24:57.240
<v Speaker 1>at a certain point, you know the growth is going

0:24:57.320 --> 0:24:59.400
<v Speaker 1>to like we the law of large numbers comes in

0:24:59.440 --> 0:25:02.520
<v Speaker 1>and and you can't grow fifty percent a year. I

0:25:02.600 --> 0:25:06.280
<v Speaker 1>think that it's part of what's going on here is

0:25:06.320 --> 0:25:11.200
<v Speaker 1>it's not just that Elon Musk is giving these predictions

0:25:11.280 --> 0:25:13.800
<v Speaker 1>or non predictions that are dower, but when he's trying

0:25:13.840 --> 0:25:16.960
<v Speaker 1>to tell the growth story, it's getting harder and harder

0:25:17.280 --> 0:25:19.840
<v Speaker 1>to kind of conceptualize. Like during the call, he talked

0:25:19.880 --> 0:25:24.439
<v Speaker 1>about optimists, the Tesla robot as this kind of be

0:25:24.560 --> 0:25:25.000
<v Speaker 1>all end all.

0:25:25.040 --> 0:25:26.679
<v Speaker 4>He said it is going to be the most valuable

0:25:26.720 --> 0:25:27.280
<v Speaker 4>product of.

0:25:27.280 --> 0:25:29.679
<v Speaker 1>All time, And on the call itself, you had like

0:25:29.760 --> 0:25:33.040
<v Speaker 1>one of Elon's own employees kind of jumping in and saying, well,

0:25:33.119 --> 0:25:35.440
<v Speaker 1>the big problem is for now, we can't figure out

0:25:35.440 --> 0:25:37.760
<v Speaker 1>anything to do with optimists. So there's kind of this

0:25:37.960 --> 0:25:42.560
<v Speaker 1>gap between Elon's version of what the company is and

0:25:42.640 --> 0:25:44.880
<v Speaker 1>the kind of Wall Street version of the company.

0:25:44.960 --> 0:25:49.359
<v Speaker 2>Do we believe that that employee is still employed at Tesla?

0:25:49.640 --> 0:25:52.639
<v Speaker 1>It did not sound good because there was you know,

0:25:52.720 --> 0:25:55.040
<v Speaker 1>when you're getting into an argument with the boss on

0:25:55.160 --> 0:25:56.760
<v Speaker 1>the call, it's.

0:25:56.960 --> 0:25:59.080
<v Speaker 2>There's a pretty big gap between the greatest product of

0:25:59.080 --> 0:26:00.560
<v Speaker 2>all time and we have no I did what to

0:26:00.680 --> 0:26:01.240
<v Speaker 2>do with this thing?

0:26:01.440 --> 0:26:03.920
<v Speaker 3>I think what's really interesting is that, Okay, so Tesla

0:26:04.000 --> 0:26:07.040
<v Speaker 3>fundamentally is a car company. Most of their revenue comes

0:26:07.080 --> 0:26:10.120
<v Speaker 3>from cars. However, they don't really have a car right now,

0:26:10.160 --> 0:26:13.480
<v Speaker 3>Like the cyber truck is barely in production. I mean,

0:26:13.600 --> 0:26:15.760
<v Speaker 3>the why is this bestseller, but like the Why is

0:26:15.800 --> 0:26:17.560
<v Speaker 3>getting old. So you're not going to see this like

0:26:17.640 --> 0:26:19.920
<v Speaker 3>big wave of growth until they come out with their

0:26:20.359 --> 0:26:23.800
<v Speaker 3>next generation platform, which they basically said would be like

0:26:24.040 --> 0:26:27.479
<v Speaker 3>late twenty twenty five maybe. So in the meantime, what

0:26:27.520 --> 0:26:29.760
<v Speaker 3>do you tell Wall Street about? You talk about, Oh,

0:26:29.800 --> 0:26:32.240
<v Speaker 3>we're an AI company, we're a robots company, and they've

0:26:32.280 --> 0:26:35.400
<v Speaker 3>got this optimist robot. We've got this Dojo computer which

0:26:35.440 --> 0:26:38.200
<v Speaker 3>is now a long shot. We have an energy business.

0:26:38.200 --> 0:26:40.160
<v Speaker 3>So they're gonna they have to talk about their other

0:26:40.240 --> 0:26:45.959
<v Speaker 3>products because the core automotive product is just like, you know,

0:26:46.040 --> 0:26:47.960
<v Speaker 3>they barely talked about the cyber truck on the call

0:26:48.000 --> 0:26:49.520
<v Speaker 3>at all. I mean, it was it was like a

0:26:49.600 --> 0:26:50.320
<v Speaker 3>huge emission.

0:26:50.359 --> 0:26:54.600
<v Speaker 2>But having said that, I do see on my Tesla

0:26:54.680 --> 0:27:00.280
<v Speaker 2>earnings Bingo card here the cyber truck box was. And

0:27:00.320 --> 0:27:02.600
<v Speaker 2>I want to talk about this Bingo card. I missed

0:27:02.640 --> 0:27:06.120
<v Speaker 2>this last week. I didn't play, and I'm a little disappointed.

0:27:06.480 --> 0:27:09.600
<v Speaker 2>But it seems like that we came close to getting

0:27:09.600 --> 0:27:13.000
<v Speaker 2>Bingo but came up short. Here is that right? We

0:27:13.000 --> 0:27:14.520
<v Speaker 2>didn't quite we couldn't quite pull it off.

0:27:15.240 --> 0:27:18.400
<v Speaker 1>No, And I will say that Elon Musk's you know, frantic,

0:27:19.000 --> 0:27:21.399
<v Speaker 1>you know, citing all the future products, trying to come

0:27:21.480 --> 0:27:22.960
<v Speaker 1>up with some kind of groc story was gold for

0:27:23.000 --> 0:27:26.040
<v Speaker 1>Bingo because we had Dojo, we had optimists, we had

0:27:26.080 --> 0:27:27.920
<v Speaker 1>you know, demand for Tesla's that are unlimited.

0:27:27.960 --> 0:27:30.000
<v Speaker 4>This was good for Bingo, but there was.

0:27:30.000 --> 0:27:32.080
<v Speaker 2>A bad for the stock. Good for Bingo, bad for

0:27:32.119 --> 0:27:34.399
<v Speaker 2>the stock, which is which has been a hypothesis of

0:27:34.440 --> 0:27:35.040
<v Speaker 2>mine for many.

0:27:35.000 --> 0:27:37.200
<v Speaker 4>Their hedge funds all over the building models that you

0:27:37.240 --> 0:27:37.800
<v Speaker 4>know correlate.

0:27:37.960 --> 0:27:39.960
<v Speaker 2>But I'll also say this, and I don't know, Dan,

0:27:40.040 --> 0:27:42.439
<v Speaker 2>if you, if you played a hand in formulating this

0:27:42.520 --> 0:27:45.439
<v Speaker 2>Bingo card here, I feel like it was slightly rigged

0:27:45.440 --> 0:27:48.160
<v Speaker 2>for us not to get it. I mean, audibly Puff's

0:27:48.240 --> 0:27:51.360
<v Speaker 2>joint was only put on the card to block. There

0:27:51.440 --> 0:27:55.600
<v Speaker 2>was no chance he was going to audibly puff a joint. No, no, no, no, no.

0:27:55.760 --> 0:27:58.720
<v Speaker 2>Hold on also digging our own grave. I mean those

0:27:58.720 --> 0:28:01.400
<v Speaker 2>are the two that blocked you hitting bingo. He wasn't

0:28:01.440 --> 0:28:04.200
<v Speaker 2>going to repeat your own You guys rigged this thing.

0:28:04.280 --> 0:28:04.879
<v Speaker 2>It was written.

0:28:04.960 --> 0:28:07.399
<v Speaker 3>No, he repeats himself all that. He repeats himself all

0:28:07.440 --> 0:28:10.119
<v Speaker 3>the time. I mean, that's the thing about Elon's as

0:28:10.560 --> 0:28:12.880
<v Speaker 3>as our former colleague Sean Okayn used to say, he's

0:28:12.880 --> 0:28:16.600
<v Speaker 3>like a comedian practicing his bit, Like he says a

0:28:16.600 --> 0:28:19.240
<v Speaker 3>lot of stock phrases over and over and over again.

0:28:19.240 --> 0:28:21.359
<v Speaker 1>But I want to direct your attention to I believe

0:28:21.359 --> 0:28:25.360
<v Speaker 1>it's n five Uh reproduction is hard, which is something

0:28:25.400 --> 0:28:28.400
<v Speaker 1>that Elon Musk has reiterated over and over and over

0:28:28.440 --> 0:28:32.240
<v Speaker 1>again recently, and he very easily could have said that

0:28:32.320 --> 0:28:35.320
<v Speaker 1>on the UH call you don't need audibly puffs Joy,

0:28:35.480 --> 0:28:39.520
<v Speaker 1>and I want to remind you audibly puffs joyd was realistic, you.

0:28:39.440 --> 0:28:41.880
<v Speaker 2>Know, I recogrect him first. Can you give me my

0:28:41.880 --> 0:28:46.280
<v Speaker 2>bingo car back? All right, let's end it there. Thank

0:28:46.320 --> 0:28:49.200
<v Speaker 2>you for listening to Elon Inc. And thanks to Dana

0:28:49.760 --> 0:28:50.360
<v Speaker 2>and Max.

0:28:51.160 --> 0:28:51.960
<v Speaker 4>Great to be here.

0:28:52.960 --> 0:28:53.719
<v Speaker 3>Always a pleasure.

0:29:01.040 --> 0:29:04.600
<v Speaker 2>This episode was produced by Stacy Wong. Naomi Shaven and

0:29:04.680 --> 0:29:08.760
<v Speaker 2>Rayhan Harmanci are our senior editors. The idea for this

0:29:09.000 --> 0:29:13.800
<v Speaker 2>very show also came from Rayhan Lake Maples handles engineering,

0:29:13.840 --> 0:29:17.320
<v Speaker 2>and we get special editing assistants from Jeff Grocott. Our

0:29:17.480 --> 0:29:21.719
<v Speaker 2>supervising producer is Magnus Henrickson. Huge thanks to Angel Rascio

0:29:21.760 --> 0:29:25.200
<v Speaker 2>and Joel Weber. The Elon Inc. Theme is written and

0:29:25.240 --> 0:29:29.720
<v Speaker 2>performed by Taka Yasuzawa and Alex Sugiura. Sage Bauman is

0:29:29.760 --> 0:29:32.719
<v Speaker 2>the head of Bloomberg Podcast and our executive producer. I

0:29:32.760 --> 0:29:36.040
<v Speaker 2>am David Papadopoulos. If you have a minute, rate and

0:29:36.080 --> 0:29:39.440
<v Speaker 2>review our show. It'll help other listeners find us, see

0:29:39.480 --> 0:29:40.080
<v Speaker 2>you next week.