Moonshots with Peter Diamandis - AI & Bitcoin - How Our World Will Change This Decade w/ Salim Ismail | EP #101

Episode Date: May 16, 2024

In this episode, Peter and Salim discuss AlphaFold3, Bitcoin post-halving, the ban on lab-grown meat, and more… 01:41 | Gov. DeSantis Bans Lab-Grown Meat 18:08 | AI in Love: A Virtual War 1:08:56 | Is Bitcoin the Future Currency? Salim Ismail is a serial entrepreneur and technology strategist well known for his expertise in Exponential organizations. He is the Founding Executive Director of Singularity University, and the founder and chairman of ExO Works and OpenExO.  Join Salim’s OpenExO Community Join my executive summit, Abundance360: https://www.abundance360.com/summit  ____________ I only endorse products and services I personally use. To see what they are,  please support this podcast by checking out our sponsors:  Get started with Fountain Life and become the CEO of your health: https://fountainlife.com/peter/ AI-powered precision diagnosis you NEED for a healthy gut: https://www.viome.com/peter  _____________ Get my new Longevity Practices 2024 book: https://bit.ly/48Hv1j6  I send weekly emails with the latest insights and trends on today’s and tomorrow’s exponential technologies. Stay ahead of the curve, and sign up now:  Tech Blog _____________ Connect With Peter: Twitter Instagram Youtube Moonshots Learn more about your ad choices. Visit megaphone.fm/adchoices

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Canada. Welcome to Moonshots and our episode called WTF Just Happened in Tech this week with myself and Salim Ismail. We're gonna be talking about the fact that Florida banned lab-grown meats and why it should not. We're speaking about AlphaFold 3 that's gonna be able to predict how all the molecules in your body interact. This is about simulating life itself. We're going to dive beyond that into what's going on with AI and the elections, all the humanoid robots coming online, the explosion in China. We'll talk about Elon's plans for robotaxis and the Bitcoin having. All right, let's jump in. You know,

I've been having amazing conversations like these for years and it's a joy for me to share it with you. And if you enjoyed as well, please subscribe and share this with your friends. Alright, let's get into the episode. Claude3 hit 101 IQ. This could get interesting over the next period of time. You can spend a couple hours and get so much personalized education. It's insane. We're going to see just the biggest explosion of AIs finding these niche things that we've overlooked and finding unbelievable stuff. Everybody, welcome to Moonshots. Welcome to our episode WTF Just Happened in Tech this week with myself and Saleem Ismail. I'm Peter Diamandis. Saleem, good to see you buddy.

Good to be here. Yeah, a lot happening every week. I think we're gonna have to start to do this. What happened in tech like on a daily basis, then an hourly basis basis and then just stay on all the time It's the links that were kind of sending each other is growing very fast every day. It's crazy All right. Let's start with this one. This one your is yours. You brought this up at the XPRIZE board meeting You know, I understand that you left Florida for you know, New York, New Jersey Is this the reason because you couldn't have lab-grown meat? So no, so what's the story here? What's the story here? The story here is that DeSantis kowtowing to the lobbyists of the meat world,

he talks about freedom and yet he's curtailing freedoms. And this is the beef I have with him, pun intended there. And stopping lab grown meat is just absolutely killing innovation and really bad for the planet. And this is wrong. It's so many levels. It's hard to even start talking about it. I was just so angry about this. The thing that I would love to do is do a lab grown meat demo and taste test, etc. in Miami and stick it to these idiots.

Yeah, you know, we're running right now a large XPRIZE that's funded in part by Tony Robbins and in part by the... who lives in Florida... in part by the Abu Dhabi government. And it's really to develop lab-grown meat. It's also called stem cell-grown meat, better yet called cultured meat. And this is, instead of growing the entire cow, instead of growing the entire pig or chicken, what if we just grow the muscle

and give it a chicken filet, a tuna filet, a wagyu beef. fillet, a tuna fillet, a wagyu beef and imagine if the meat were cheaper, taste better and healthier for you. So the tuna you get has zero mercury in it. I mean my arsenic levels I just tested are high and I'm being told it's because of the chicken I eat. It's like really I'm eating arsenic when I have chicken breast? That's insane. Yeah, it's because of the chicken I eat. It's like, really? I'm eating arsenic when I have chicken breast? That's insane. Yes, because of all the feed they're giving all of these animals is not normal and natural.

And so it's hormone-laced and all sorts of trace chemicals are getting into them. It's a mess on this. And to ban it is just such a stupid thing to do. It drives me crazy. And dare I say that he's chicken? Oh, never mind. Bad ones. Alright, let's go to this next one. My favorite joke about all this is when I get asked about it, I'll just go,

you know, the McDonald's Big Mac has been 3D printed for decades. Yeah, feels that way. Alright, let's talk about speed. So this popped up in the news this week. Japan developed 6G. And I've been tracking this and you know those of you who are on the typical decent service today you're on 5G and the G stands for generation and there was a one generation phone two three four generation 4G was you know a hundred times than 3G, 5G 100 times faster than 4G and now 6G is

they're saying 20 times faster than 5G. I feel a little bit cheated by that but you know still 20 times is pretty good and all of a sudden you know you have literally all the information you could possibly want suck down you know gigabits per second into your phone. Yeah I felt cheated by 5g because they labeled it 5g but it was never really 5g. What was it? There was a whole bunch of marketing crap and they didn't build the infrastructure to go along with it. This seems truly promising and a real step change in a real breakthrough. So I'm very excited

by this. Alright let's talk about AI, our favorite subject, because it is changing the world. And there's a lot happening. This is by far my favorite story of the week. I actually tweeted out. I'm going to still say tweet. I'm sorry, Elon. I tweeted out to my followers, like,

what were the most important stories of the week? This one came in. And I agree. I was at the Breakthrough Awards here in LA. It's funded by by Yuri Milner and Mark from X Facebook shall we call it Mark from Metta and and Sergey and a few others and they give out awards not like like the XPRIZE for prospective, something that needs to be achieved, but for breakthroughs that occurred in the past.

And Demis and John Jumper got a award for AlphaFold. AlphaFold was an AI deep learning network that was able to predict from an amino acid sequence, how does a protein fold? And it was a big deal. Since I was in medical school, this has been the supercomputing problem. Can you predict how a protein would fold?

Really hard. And what's Alpha Fold 3? I'm gonna read the headline here. Alpha Fold 3 predicts the structure and interactions of all of life's molecules. So imagine this, not just like how a protein folds, but how that protein interacts with a lipid or carbohydrate or with a DNA molecule. And so it's literally simulating how these molecules interact with each other. And it's extraordinary. Do you feel how big this is?

I think this is huge because this allows us to fully simulate like an organ in software. And that's amazing for testing plus illness tracking, diagnoses, therapies, etc. Full digital twin. I mean this is gonna be amazing. Exactly. So given your DNA, we're gonna first simulate one of a Salim Ismail liver cell or skin cell or brain cell which would be very very interesting I would say. Well I lived in Ireland for a year so my liver has always been a bit damaged from that. So it'd be really great to better than your brain. Simulate my liver and fix it somehow. Better than your brain being damaged. But we're gonna be able to go from your DNA

to simulating a cell and then once we simulate a cell we can then simulate a tissue and then once we're simulating a tissue we can simulate an organ and then the whole organism. And the thing I like to tell people just to understand, you know, when SpaceX launched the Dragon capsule to the space station for the very first time, it worked perfectly. And the reason it worked perfectly was it had flown probably millions of times in simulation.

And when it got up there, they had modeled it beautifully and it was, you know, it worked like it predicted. Imagine if now when you're given a drug, we know it's going to work for you. Do you have any idea how, what percentage of drugs that you are prescribed actually work for you? Like, so the FDA approves drugs that work, you know, typically for like 20 or 30 percent of the people that they're given to. It's a minority of the cases that it's going to work for you. And then because most drugs historically have never been tested in women, because it's like too inconvenient, by the way, I think it's like Women's Health Day today, so I'll mention this,

By the way, I think it's like Women's Health Day today. So I'll mention this. That when drugs get taken off the market, it's because, oh, it didn't work in half the world's population. Surprise, surprise. But this is going to be in silico medicine. This is actually predicting a drug works perfectly for you. I love this. Huge kudos to the team of DeepMind, Alpha Fold 3, very soon Alpha Cell 1 or something like that. Yeah. So in practical terms, tell me if I'm getting this right, if you're a pharma company and you're trying to test a drug, you can now run it against these simulations and have a really high reliability and cut out a lot of crap before you get to human trials, making the human trials more of an obvious thing and a stepping stone rather than a big

test and that'll drop radically the cost of drug development. It will. I mean, imagine the way it's done today. You go into the Amazon rainforest and say, hey, look at that plant over there. I don't think anybody's ever you know smashed that one up let's see if it has any molecules of interest to humans and you go through this long process of evaluating them in like in like back, you know in yeast and worms in mice and anyway, it's a long expensive process and then

Then you have to prove it does no harm and then you have to prove it does do some good, not 100% of the time. So this can be even a little bit better than you said because we can say not only does it work, it works for my exact genetics. Very cool. Right? Very cool. Huge. Huge.

So now this, Daniel Kraft talks about the personalization of medicine and now we can get it right there. You know, one of the big things that I've enjoyed watching on X has been the demos of Sora. Let's play this demo. I'm curious what you think. Check this out. So here's a person walking and you're able to turn that person into a woman, an old man, a robot. And so the actor, you know, plays a simple role and then you can turn it into anyone. I assume, you know, Monroe or, you know, Gregory Peck. What do you think of this?

You know, I'm kind of like, eh. Really? I think it's a great incremental achievement, but there's nothing breakthrough. The ability to swap out things is always there. It's just doing it better, faster. How fast we become jaded at stuff. That was a miracle a month ago. I know. Yeah. Have we talked about the Wi-Fi on a plane clip that ZuluCK does? Yeah.

You know, it's like that. Yeah, right. We normalize and this is I think broader commentary on AGI that's really important We pass the Turing test normalize it will pass AGI at some point and normalize it within minutes. Yeah I think Sam Altman said that Very nicely said people were like, oh my god GP chat GPT is crazy and then it's like and then a month later like man, it's slow Like you've like that's right So let's see what we got next on our

What's going on in the world scenario here? Interesting talk about this one pal. So have you seen this trailer? I'm not It's terrible. It's really cringeworthy. It's, it's, they've got a ways to go before they cross, you know, what we call the uncanny valley. And the lines are kind of stilted, whatever. However, it's important to note that this will double every month or two in its capability and its fidelity and the joke-telling. So this could get interesting over a next period of time. I again kind of don't think it's that big of a deal but it's certainly huge that you can have an AI driven, completely driven script, acting,

character development, etc. all in one which is really kind of a pretty big deal. You know what I find interesting is the means by you know a film is created today is someone writes a film a group of executives read it they attach stars to it and they greenlight it and if they have the right director and if the script is reasonably good they have a high probability, but not a certainty, that the public's gonna like it. And imagine instead, if you could generate, here's a thousand versions of the film, right?

The same basic premise, but different actors, different, and you say, this is the one, when you test it, that has the strongest attraction and the best or Frankly, what I really want is I'd like it to know my desires, you know blonde versus brunette You know space versus ocean and create variations of it that I would love No Anyway, it's coming. I disagree with that. Why? Because you know when you say you go watch Blade Runner 2049,

yeah, right. I want to hear I'm watching that because I want to hear what the director is thinking, why did he cast that actor in that role, etc. I wouldn't want that film personalized for my tastes. Huh? Well, you don't have to watch my film. my tastes. Well you don't have to watch my film. I'll watch my film. Yeah because every lead actor would be a bald middle-aged Indian guy. Who needs that? Anyway whatever is you know I was just I was just looking for my abundance community. I'm doing a session on converging exponentials and how they're transforming industries. And I was researching the founding of YouTube

back in 2005 when Chad Hurley and those guys started. And it really was eight different technologies that converged together to make YouTube happen. And it really dematerialized, demonetized, and democratized, and really threatened Hollywood a huge amount, right? With Netflix quickly on its heels. And it became, it was just the infinity of content producers. And I don't know about your son, you know, I don't know about Milan, but Jett and Dax, all they watch is YouTube. He lives on it. I think I've got to give a huge shout out here to Google because most of the time when you bring in a startup or acquire a company or acquire product, you kill it and you destroy

its kind of uniqueness etc. And Google's done almost exactly the opposite. Do you know there's a petabyte a day of content being created on YouTube today? It's like 20x any other platform. It's the most unbelievable behemoth. I had some obscure hair trimmer and I was trying to figure out something about it and I looked it up on YouTube and somebody put up a video of that instruction being used in that little widget there. Like it's the world's training platform for any obscure digit device or gadget or widget of any kind. It's incredible. By the way, if you're

watching this on YouTube and you like the conversation Sleeman and I have, hit the subscribe button. I never say that. I'm saying it now. Okay, I do love YouTube. I remember, do you know why Google bought YouTube? Do you know that Google had Google video going at the same time? They did have Google video. Do you know why they bought YouTube? No. They bought YouTube because YouTube was growing, you know, in order magnitude faster than Google video. And do you know why it was growing faster? No. Because Google had too many lawyers. Yeah. YouTube did not. So it was like all these legal restrictions on what you could put on Google video

and YouTube didn't have that and so in the early days it had really inflationary rapid exponential growth and then once it became dominant you know you could then start to layer on top you know user restrictions and so forth But they didn't do that as two guys and two credit cards at the beginning I mean, you know, this is a story that's so archetypal for almost any net Netflix versus blockbusters Sure, I think the same reason We had this huge issue at the same that I had a Yahoo with all of this

The lawyers would just not let anything disruptive happen. Can I tell a quick story about of course? somebody at Yahoo come up came up with an idea when I was running Burke house, which was You have this home ad unit in the Yahoo home page and they said what if we allow Peter to send Salim an ad unit by the ad unit for Salim for his birthday And when I open up Yahoo, the ad unit pops up with a message from me saying, Salim, happy birthday. Right. We tested it and it was like engagement with the Yahoo homepage went up 50 times. I imagine that. Sure. Great idea. Right. And the lawyers were like, absolutely no way. Because what if somebody put something dodgy

or whatever in there, et cetera, et cetera. And we're saying, but they could do that anywhere through any of... through send it through email. So what do you care? And they're like, nope, can't do it. It just literally killed a product that would have delivered 50x better engagement. Lawyers. Okay. I'm gonna go there. Alright, let's go on to our next story here, which is AI generated rom-com trailer. Is this the trailer you were talking about? This is the trail.

I have to watch. You should play a bit of it. I'm gonna play it. Yeah, this is like really wild. ["The City of Lights"] So Claire, what's your stop? The City of Lights. I'm hoping it's a new start.

I don't think we have to pray for longer. Maybe you're the dark, mysterious kind of man who never shows his vulnerability. Got a feeling that the wait is over. Maybe you're the kind of woman who's never sure of what you want. Fascinating. And what Elon said on stage at the Abundance Summit was we're gonna see 10X every six months,

100X improvement per year. This is gonna move so fast. It will move fast, but I'll take it, I'll go to the, again, the comment I made earlier. I don't think it'll be that much fun. It's like watching two chess robots play chess. You kinda go, eh. Interesting. I do agree with the two chess robots playing, it'd be boring,

versus a human or the world champion or someone you know. That's right. You have to contextualize it. You have to humanize it. Yeah, even playing against an AI, I mean, I'd much rather watch two humans playing against each other. There is something very real there. We're so biased as humans. We're so biologically biased. How dare we be a specious like that?

That's terrible. Everybody, I wanna take a short break from our episode to talk about a company that's very important to me and could actually save your life or the life of someone that you love. Company is called Fountain Life. It's a company I started years ago with Tony Robbins and a group of very talented physicians.

Most of us don't actually know what's going on inside our body. We're all optimists. Until that day when you have a pain in your side, you go to the physician in the emergency room and they say, listen, I'm sorry to tell you this, but you have this stage three or four going on. And you know, it didn't start that morning. It probably was a problem that's been going on for some time, but because we never look, we don't find out.

So what we built at Fountain Life was the world's most advanced diagnostic centers. We have four across the US today and we're building 20 around the world. These centers give you a full body MRI, a brain, a brain vasculature, an AI enabled coronary CT looking for soft plaque, dexa scan, a grail blood cancer test, a full executive blood workup. It's the most advanced workup you'll ever receive. 150 gigabytes of data that then go to our AIs and our physicians to find any disease at the very beginning when it's solvable. You're going to find out eventually. Might as well find out when you can take action.

Found Life also has an entire side of therapeutics. We look around the world for the most advanced therapeutics that can add 10, 20 healthy years to your life And we provide them to you at our centers So if this is of interest to you, please go and check it out go to fountain life.com Backslash Peter when Tony and I wrote our New York Times bestseller Life Force We had 30,000 people reached out to us for Fountain Life memberships. If you go to fountainlife.com backslash Peter, we'll put you to

the top of the list. Really it's something that is for me one of the most important things I offer my entire family, the CEOs of my companies, my friends. It's a chance to really add decades onto our healthy lifespans. Go to fountainlife.com backslash Peter. It's one of the most important things I can offer to you as one of my listeners. All right, let's go back to our episode. So Amazon joins the AI race. So Amazon Q, a generative AI powered assistant for business and developers is now generally

available. At the same time, Amazon put $4 billion into Anthropic. Did you see the news? I mean, I think we talked about this that that Clawed3 hit 101 IQ. It's amazing. Clawed3 is really, really good. What I find amazing now is that every single major platform now has its AI, massive AI offering. I was on CNBC a couple weeks ago and was talking about the Microsoft earnings report. And first of all, it's amazing that Microsoft is the most valuable company on the planet,

a multi-trillion dollar company, you know, and just their earnings over the last year, given all their work on cloud and AI just skyrocketed. But so it's Microsoft and it's Alphabet and it's Amazon and it's Apple. And now here comes X.AI, right? Elon's X offering. And we've got Nvidia and then a few different companies in China So the top companies in the world are all AI companies, you know, I hit me These companies many of these companies began as software companies then they became Internet companies and then cloud companies and now they're all AI companies

No, I don't think that they're AI companies, just they've added AI to the cloud business and to the software business. I think you look forward, everything they're delivering is AI enabled. Oh, 100%. 100%. And very, very powerfully done. But I still think if you're... we just launched an offering called AI Ready, where we help companies get ready for AI. It turns out if you're a company, this is OpenEXO because all of the COs in our community are like what the hell do I do?

Because either you're diving into the water without knowing where the rocks are or your company is culturally not ready and there's a huge immune system backlash and people get freaked out. They think they're gonna lose their jobs. Those are the responses. So we created a workshop where we can very quickly in a few days get you assessed

and leave you a roadmap of use cases. Love that. How do folks find out about that? Where do they go? If you go to openexo.com, it'll be right there. Okay. And we're doing it at a really low cost just because there's the we have a community of 500 AI experts that's emerged that's operating like a hive mind and every week they get together and discuss kind of like this what's happening AI and how that will ripple

effect across. Every week they pick a topic like automotive and then figure out what's happening there etc. So there's this amazing resource and we're matching it to CEOs and companies and organizations around the world to get themselves ready for this coming wave. The one thing we found is when companies try and implement AI, it's really, really difficult. The consumer has a much easier time applying AI just because of the interfaces and the ease of use. But implementing AI agents into your organization is still pretty damn hard. You know when people ask me like what do I do? How do I get started? You know

I tell them open your Gemini website, open your chat GPT4 and ask, just type in, I'm a 42 year old entrepreneur in the healthcare space and I want to get started using AI, what should I know? And then when it says something you understand, say what does that mean? And one of your favorite sayings is going to be, you know, explain it like I'm five, right? E-L-I five, and it will back it up. And you can spend a couple hours and get so much personalized education, it's insane. I'll give you a tip that emerged out of our community

over the last week. Please. When you're using Chachi PT or Gemini, always use a persona. Say I'm a sales manager and I'm trying to do this. Yep. And it turns out that results are 10x more powerful when you give it a persona to operate within

and then it sticks within that persona. It's really powerful starting point. Yeah, you can also say things like, what would Elon Musk think about this move? I have a question for you, Peter. Yeah, sure. We forgot to add this slide, but Reid Hoffman did a conversation with an AI-generated version of himself conversing with the real self. Yes. Okay. Have you done anything like that where you take all your writings and videos and load them up? I virtual? I did it six months ago, a year ago. It's on, we actually loaded up on moonshots and it was amazing. I mean such, I was jealous of my AI. It was so well spoken.

Well, because it's got all of your, everything you ever said at hand, right? Yeah. Whereas I can't remember what I said last year it's incredible and I think that hmm you know you and I have had these conversations Larry Kurzweil we talked about you know Peter 3 of 10 is gonna be hanging out with Salim 2 of 4 or you know 2 of 20 and 7 of 9 7 of 9 yes there we go back to Star Trek references, which I love. All right. Here's the next one AI used to discover

27,000 asteroids Amazing. I think yeah, these are all good for mining or keeping the earth from being decimated In old telescope images, right the data was there. It just was never discovered. That's extraordinary. I think we're going to see an explosion. I think the next slide is also about a similar thing. Sure. We're going to see just the biggest explosion of AIs finding these niche things that we've overlooked and finding unbelievable stuff. This one was amazing. Yes, from a friend, Dr. Eric Topol, who tweeted out, the first randomized trial of medical AI to show it saves lives.

ECG AI alert in 16,000 hospital patients. 31% reduction of mortality. That means people dying. Absolute 7 per 100 patients in pre-specified high-risk groups. So yeah, listen, AI is much better than us humans at seeing patterns, at catching the minutiae, always on, always paying attention. Yeah. My favorite example of AI is, do you know the story of Shia Zendanziger and the parole hearings? No, tell me. So they did a study of a

thousand parole hearings and they ran it through an earring filter. Parole hearing parole hearing yeah she's a little prisoner right and turned out cuz they're trying to figure out patterns in the data and turned out if you your client your your prisoner came up for parole before lunch and the judges are hungry you're going back to jail. If you came up after lunch and they were biologically happier because they'd eaten, you were 30% more likely to go free. That's hilarious. And that's when people train to be impartial. So like what hope is there for the rest of us? You could never have spotted that without an AI type of a pattern.

And now we can see these little perturbations and mitigate for all of the cognitive biases that we have around ourselves. Amazing. All right. Meta Ray-Ban Smart Glasses can now describe its surroundings with Meta AI. You own a pair of these, don't you? I'm wearing them now. In fact, you're incredibly gracious enough

to give these out at the Abundance Summit. I've been playing with it quite a bit, and I actually played with this particular feature. I walked up to a plant and I said, hey Metta look at this plant and tell me what it is and it described the plant, identified it in details that it grows to about this big. It was amazing. Wow. I think this is a huge huge deal. Yeah. You know it's a this is the first step of XR or AR in you know we know VR. We all have our large VR helmets. I have to

say I bought a Vision Pro and I've used it twice over the last like two months. The first time I used it for a few hours like interesting, fun, watch some movies. Then I used it a little bit more but I haven't pulled it out since. How about you? I think it's not a general consumer device. I think it's gonna be used initially for highly specific industrial applications or like helping it with surgeries, things like that or a specific training. Boeing could use it to make its planes a little tight and all the bolts on its planes for God's sake to make sure some mechanic is actually

Setting it up properly but I think we'll see that type of use case for a couple of years while they figure out how to find the Consumer use case and get the tech down to this I mean look at these these ray bands are like really the the footprint of them the amount of technology in there Into what's just basically a normal pair of sunglasses is kind of incredible. It is it is incredible, you know I was I just did a podcast with With a friend on on VR and AR Alvin Grayland. Do you know him?

Alvin was the I know the name Alvin was the head at HTC and he wrote an amazing book Here it is Just happen to have it here our next reality It's about the conversion of AI and the metaverse and he's saying, you know, we're getting to a point where we'll have 50 gram head, you know eyewear that's both augmented and virtual reality. So it's not just the photolooking cameras, it's can we display into our eyes, our retinas as well, and then the world changes. And I can't wait. And we're very close, because

we predicted this a while ago, we're very, very close, if not now, where virtual reality has the same resolution or more than the human eye. The visual cortex, yeah, of the eye. Yeah, that's like, that's huge. Anyway, it's coming, it's gonna transform advertising, transform education, transform health care, everything. I'll throw out the punchline about AR VR that I've heard from David Roberts. Please. It's that virtual reality disrupts reality. Because you can do all sorts, like a virtual roller coaster can do way more interesting things than a road roller coaster. True that. All right, here we go. AI in government. Ukraine unveils AI generated foreign minister spokesperson, Victoria. Let's listen to Victoria for a second here.

That means that the text you hear was not read by a real person. It was generated by artificial intelligence. I will carry out a number of tasks. I'm I kind of love this. What do you think? I mean, I love the fact that if she or it is modeled on the current policies and thinkings of the leadership and the people of Ukraine and can represent you can be in a thousand meetings or a million meetings at once. Yeah, I think this is huge and I think it's massive. I love the fact the role as a spokesperson, because take the White House press secretary, right? They're basically trying to absorb mountains of like policy data,ives from the executive branch etc and then try and inform what the what's happening with a particular issue and AI is

perfect for that task and as you say can appear in anything so any reporter could say hey what's the White House stance on this and the spokesperson could say that I think is really really massive. Yeah. You know, it's interesting because I, when I'm hearing her, I'm instantly like adapting to this is normal or will be normal, right? I accept it. Very quickly. I mean, a large number of news stories are now already AI generator, right? So, this just progresses it to now video. Yeah, I heard the new story that we have Trump and Biden running for president again. That one seemed like a little bit like, you know, misinformation, but yeah. There you go. What fractal universe could we separate out into this one? Listen, man, you used to be be a Canadian you could have stayed there. Oh well Well, I've said this before I'm like golem with the precious with my Canadian passport Hold on to that thing. I said go my precious every night. All right, it reminds me of the yeah, it reminds me of the

that the Groundhog Day Sure movie where he goes, you know, I had a day once where I was on a beach in the Caribbean and I had a great, I met somebody and I had a great night. Why couldn't I be reliving that day? Some of the best lines in the movie. But listen, Matt, we are alive during the 99th level of the gameplay. You know, like this is it. Yeah. We could be alive in the Middle Ages right now for all intents and purposes

or 100,000 years ago as early hominids. We are alive during the most extraordinary time. Coincidence? I think not, but so happy to be here right here right now. It is awesome. It is awesome. You've done a great job in the abundance thing of going back like 100 years and describing what life was like, right? You had a tough life. You lost half your kids to infer mortality. Then you got a tooth infection and you died. That's what life for the most human history is. Life was short and brutish and dead. That's right.

All right. Here's Sam Altman on the dangers of AI in the elections. Let's hear Sam. He doesn't look too happy right now. Let's hear Sam, you just look too happy right now. Let's hear what he has to say. There may be new threats there. There may be unknown unknowns that we don't realize until too late. I also personalized one-on-one persuasions actually scarier to me, not less scary than the mass stuff.

It's harder to detect, it can probably be more powerful. And then again, an AI can talk to a lot of people at once. So I don't wanna give, I very much don't wanna give a sense that we're not worried, but I think it's good that we are worried and that's leading to, that's leading to vigilance in the industry. You know, he said something there about persuasion and Moghadad and Imad Mustaq said something very similar which is the power of AI to

be persuasive in its language like a brilliant orator, you know, being able to like take an idea and twist it and and really convince you of it and do it one on one for 100 million people. This is the I think for me one of the big dangers of personalized news when it's tailored to you now you're at the behest of the algorithm right. That's why I'd much rather hear a journalist tell the news. At least I know what their bias is and I can get a sense of it from them. It's one hop. But the minute I'm interfacing with an AI that's interpreting the news for my ears,

I lose trust. Yeah. And this is I think the biggest tough, toughest thing for today. I mean, I have to say that I am very much in the mindset of, is that real? Is that real? My brain is running an algorithm in the back of every time I hear or read something, especially see a video, I'm asking, is that real? I saw Elon tweet something out and he said under the image, he says, this is a real image,

right? and he said under the image he says this is a real image right and that's interesting where we're going to have to start to like like say that explicitly you know we're going from seeing his believing to distrust distrusting everything we we absolutely really really badly need that ai for truth x-price yeah yeah right like we need a filter to help us navigate that. A personal agent, by the way. Now there's something else that Sam Alton said was super important in the last few days, which was that you're going to have your own personal LLM that will filter stuff for you and act as your personal, almost security guard as to what messages come into you. And I thought that was a really powerful way of framing. That's important to shape your mindset, right? Our

mindsets are shaped by what we read, what we hear, what we see, who we hang out with, what we ultimately believe, right? We're shaping our neural net. And so, yeah, being able to filter that. You know, we talked about echo chambers in Facebook. I think there is a danger, but there's also somewhat of an important ability to control that.

This week was Milk and Global. I was there. It was incredibly incredibly crowded. I mean I have no idea. It's like I've known Mike Milken and I consider him a friend. He spoke this year for me. We did a fireside for a few hours at the Abundance Summit and Milk and Global is just insane. It's just huge. And I think the highlight for the event was Elon on stage. I spoke the next morning on longevity, but there are two clips I grabbed from Elon's presentation just for some conversation. I'm curious about your point of view. Let's play the first one here. AI might be the most important question of all.

The percentage of intelligence that is biological, you know, grows smaller with each passing month. Eventually, the percentage of intelligence that is biological will be less than 1%. That's actually not what... I mean, we just, I guess, don't want AI that is brutal. So that's an important thing for people to realize is that, you know, when you think about intelligence in terms of human level intelligence and intellect. It's always been represented by the number of humans on the planet and it's just now over the last few decades that we can talk about intelligence. I mean there's

animal intelligence for sure but higher level intelligence now being in compute and biological human intelligence ultimately becoming, you know, a de minimis percentage of the intelligence in our known universe. So I have lots of issues with this mostly related to the old trope I have of how do you define intelligence, related to the old trope I have of how do you define intelligence, right? We've talked about that before so I won't go into it here, but in this case I do like it because when you have artificial intelligence and you can tailor it, our intelligence, our biological intelligence for four billion years has evolved to do two things, survive and procreate. And now we can free other forms of

intelligence from those two things like PageRank is evolving a completely orthogonal and complementary intelligence to humanity. So I think of the intelligence we're growing in machine learning and in AI as orthogonal to human intelligence and not replicative of it. And if you can bring it

into higher realms and have a vibrated higher energy levels like the Hawkins orthogonal to human intelligence and not replicate of it and if you can bring it into Higher realms and have a vibrated higher energy levels like the Hawkins scale Then you give it really powerful outcomes like Maslow's hierarchy worked and self-actualized. And so there's some really wonderful Deep thinking that can be done in some really wonderful philosophical explorations that can be done with this So I'm finding it really exciting to think about a lot of this. Yeah I mean I think about it in this way you know throughout the day there's always moments like I wonder what you know and then I'll trail off I wonder what would happen if I wonder if this ever occurred and if I happen to have

enough time I can sit down and Google it or ask chat GPT. But there's going to be a time where I can just spin up AI agents of myself to go and do that work and then report back. Right? It's... Yeah. I mean, that's extraordinary. You know, way back in the 50s, Marvin Minskyinsky who's one of Ray Kurzweil's mentors

I think you've met Marvin. I did back when I was at MIT. I met him once very briefly But he had a whole thing of having self ideals and then self consciousness then self reflective Then deliberative and reactive or the other way around and in either ideal world you start with reactive deliberative reflective And in either ideal world, you start with reactive, deliberative, reflective, then self-reflective, self-conscious, and then self-ideals. And so he actually created a whole hierarchy of increasing sophistication of intelligence, which I think is going to be amazing to watch evolve and come into being. And I also take the positive view that a very evolved AI is, is, is thousand times less likely to do harm to us than not.

You know, I just recorded a podcast this past few days with Guillaume Verdun, the founder of the accelerationist movement. Bef Jesus. Bef Jesus, yes. And he was making the important point that we need massive diversity in our AI. And one of the things that Elon just hit at the very end of that comment was making sure it's not brittle. And one of the things that biology does is it creates massive diversity

so that if there's ever a massive impact on the planet or in the environment, yes, it will kill a lot of people or if a new virus comes in or a new poison gets exposed, but through evolutionary diversity, there will be something that survives and then dominates. Right? So we need the same thing in some way, I think he's saying, in the AI space too. I just had a little fork that gets me super excited Peter. What's that? Which is, you know, given if you take alpha-folds say, right, and the ability for it to model out things, you could essentially apply that to a species thing and say go create a million new species.

Yes. I mean you could, you could like this, so you could actually Repopulate or increase that resilience and say we want to have 10x more species because we see feel like the insects are dying I'll go for can repopulate a bunch, you know, that might be a really well use case. Yes, and I mean God knows what you'll end up It's like but that's the same with evolution, right? Remember when they found the duck-built platypus? They literally thought it was fake. But it's interesting. I think about the... Today we're building humanoid robots out of motors and metals and sensors. I think ultimately we're gonna build robots biologically.

You want something into a carpet cleaner, you're gonna design a biological robot that eats lint and peas stain remover, right? And that will be... And I often thought, you know, listen, I don consistently, the grays, whatever, and I know nothing about this stuff, in my mind, I think they're probably biological robots that were sent here to explore. I mean, you're not... Go on. Yeah, I always look at it from just for the sake of argument, look at it from rather than we're building robots with machinery. There's no difference between us and a robot. It's just that we're operating off wetware. Every emotion in our brain is just a subroutine. Yeah and we are, we're

micro machines, we're molecular machines right? And when Eric Drexler wrote Engines of Creation, you know, he talked about nanotechnology as where we're gonna end up and these will be just more efficient versions of biological machines which, you know, entropy and thermodynamics ended up creating us but not with a putting aside religion, not without an intelligent system optimizing it. So yeah, just as an example, just as an example, it turns out that photosynthesis that plants use to convert sunlight into sugar is a really, really inefficient process. It's like you could make it 20x better is an article I read somewhere. So if you could make it 10x better, oh my God, it would smoothly change our energy harvesting capabilities for plants, animals, and all species.

So you could actually go apply AI to all these microbiological functions and radically change them. It's gonna be a fun few decades ahead. All right, let's check out Elon's opinion. So this is the basis upon which he is building his AI company, XAI. Let's listen up to Elon here. I think an AI would be, as truth-seeking, maximally

curious, would foster human civilization to see where it goes. So the basis there, and he said the same thing at the Abundance Summit is if you're trying to like, how do you optimize an AI? What are its focused parameters it's trying to maximize? And for him, it's maximally curious, got that. That's probably good, especially if you're finding... if curiosity gives you some level of truth and maximally truth-seeking. And what he said is, do not force your AIs to lie, which is what Gemini did and it's sort of like woke Gemini version in the early days. I mean, I think about this a lot.

What's your optimization function in your AI? What are you trying to do? I think these are pretty good. What do you think? I think these are very good. I have a bias about human civilization because, as my dad said, we've not civilized the world, we've materialized the world. We still have to do the job to civilize it. So I think because we're still deeply wired to operate as tribal beings, right? Us versus them, etc. etc. So we have to use AI to mitigate against those deep-seated biological biases.

By the way, I think that's the only way so we all have these cognitive biases Right and people should be aware of this right you have a recency bias You give more weight to something that you recently heard over something you heard a year ago You have a negativity bias you give more weight to negative information filmy I already bias you give you know wait to sell them cost bias We have all of these and you will be able to turn on your version of Jarvis my favorite AI And say listen, I want you to make me aware when I'm being biased and I want you to get a countervailing

Information, I think that's gonna be an incredible identify the biases that I'm coming with. Yes Yeah for looking at some piece of content or understanding something, or making a judgment call. This is where I think AIs in the boardroom will be really, really useful because an AI will be able to go, I'm sorry, they're operating out of total profit seeking values. Even if it's not politically acceptable, because that political acceptability just could destroy us. So here's another Google announces med AI models for healthcare and I think you know we're seeing Apple and Amazon and Google. I mean there's nothing more valuable than a person's health and so I just had a chance to to speak with Karen DeSalvo who's the head of Google Health. Amazing MD.

And yeah, Google's gonna help you. It will ultimately be your best diagnostician. It'll ultimately be your best surgeon as well. I am super excited by this, especially in say emerging markets, where they have a doctor per million citizens type of thing. You can now have a very viable medical help and medical care diagnostics, etc. across the board at near zero cost. This is what Imad was trying to get to when he was,

as when he talked about it at the Abundance Summit and others. I think that is going to be an uplifter for humanity that, in a way that we've never seen. Did you see the movie Oppenheimer? If you did, did you know that besides building the atomic bomb at Los Alamos National Labs, that they spent billions on bio-defense weapons, the ability to accurately detect viruses and microbes by reading their RNA? Well, a company called Viome exclusively licensed the technology from Los Alamos Labs to build a platform that can measure your microbiome and the RNA in your blood. Viome has a product that I've personally used for years called Full Body Intelligence, which collects a few drops

of your blood, spit, and stool and can tell you so much about your health. They've tested over 700,000 individuals and used their AI models to deliver members critical health guidance, like what foods you should eat, what foods you shouldn't eat, as well as your supplements and probiotics, your biological age, and other deep health insights. And the results of the recommendations are nothing short of stellar. As reported in the American Journal of Lifestyle Medicine, after just six months of following Viom's recommendations members reported the following a 36% reduction in depression a 40% reduction in anxiety a

30% reduction in diabetes and a 48% reduction in IBS. Listen, I've been using Viom for three years I know that my oral and gut health is one of my highest priorities. Best of all, Viome is affordable, which is part of my mission to democratize health. If you wanna join me on this journey, go to Viome.com slash Peter. I've asked Naveen Jain, a friend of mine who's the founder and CEO of Viome,

to give my listeners a special discount. You'll find it at Viome.com slash Peter. We are having a lot of AI news. What comes along with it now is robotic news. This is fun. So we're gonna start to see Tesla's Optimus being used in the factory. I think you know Tesla, you know Elon's had a tough month on Tesla and he said we have two important breakthroughs that are going to be driving sales. One is Optimus, the other one is RoboTaxis. We'll talk to that in a minute. But you know, if you can bring the cost of labor down, a lot of the things that we buy, it's labor.

Materials cost is important, but labor is still up there. I'm not going to run the robot, but here but here we see Optimus you know checking out these lithium-ion battery cells to make sure. Yeah can I give a bit of framing on this? Yeah of course. This you know one of the things that really blew our minds a few years ago when we first saw the Baxter robot. I remember Baxter yeah. Right and what I found unbelievably fascinating about it was that throughout the history of robotics, because we've had robots on factory floors forever, you had to program the robot explicitly. And you had to say, pick up a widget, turn 90 degrees, move over here, turn back, put it down, rotate it to fit it in a slot. And you had to list that and program it in that way, which took

forever. But with Baxter and all of these humanoid robots, you can literally show it what to do. And it literally learns off the movements you showed and then replicates it and optimize from there. So you don't have to program a robot anymore, which is a huge breakthrough and allows you to now expand in all these use cases in really, really powerful ways. So I think there's an unbelievable explosion of use cases coming. And what we've been waiting for is the cost of all of the servo motors and movement structures, etc., to drop. Because the original Baxter robot, the arms cost $10,000 each. Yeah. Right, and now that's dropping 50% a year, and now it's down to, I think it's about $1,000 an arm today.

And it's just gonna keep going down. So that's really, really exciting. Yeah. All right, so let's move on beyond Optimus here. I found this absolutely fascinating. So, and the title reads here, NVIDIA announces Dr. Eureka Robot Training LLM. So, I mentioned earlier that being able to simulate something is why they really work in real life. And so Nvidia announced in large language model agent that automates writing code to train robot skills. So here we got we have a robot dog that's gonna be trained to balance on a yoga ball purely in simulation. And then they actually, it transfers in what's called a zero shot to the real world,

which means here's the robot dog on the yoga ball. And the first time it's tried in the real world after being learned in simulation, it works perfectly. That's amazing, amazing. Incredible. Can I give you my other favorite story around this? Yeah, please. Do you know the story of Ross Chastain, the NASCAR driver? No. Okay, so about 18 months ago, and we can find the clip and stick it in by the way, a NASCAR driver called Ross Chastain was on the final lap of a race. He's seventh place in his team tells him you have to jump four spots to qualify

for the championships. And what he did was he, um, uh, had one shot at this, uh, because in normal racing, you can't pass four cars in one lap. It's impossible. What he did was he floored, put the car into fifth gear and floored it. And he went around and he used the wall to keep himself in from hugging the wall he used the wall to keep himself on the track and scraped the wall at one point he was going 70 miles an hour faster than the other cars and wished around the wall catapulted

himself and came in the fourth place and qualified Wow he changed the game everybody's mind he. It changed the game. It blew everybody's mind. It changed the game. It had never been done in the history of racing. It was incredible about it. He'd practiced this on a GameCube, a car simulator. He practiced it on the simulator and then frickin' did it in real life. Unbelievable.

They, of course, changed the rules after that because it was too dangerous. I thought you were going to tell me they put little wheels on the side of his car after that. Well if one little stud was sticking out of that wall you'd have been toast. Yeah. Right? But he did it and it actually worked and it's just such an incredible example of applying technology and making a breakthrough that nobody ever thought was possible in a really powerful way. Thinking and coloring outside the lines. All right, here's a mass humanoid production in China by 2025.

Shanghai, Canada. China is also developing a humanoid robot industry. Look at that. After lots of years, it's coming true. Alex Gu is the founder and CEO of Fourier Intelligence. Hi there. Last year, he launched the GR1, Zhu is the founder and CEO of Fourier Intelligence. Last year he launched the GR1, his first generation humanoid.

So a couple of comments. One, I still think Optimus is the best looking robot. And two, amazing, right? China needs this to maintain its economy in a big way. Yes. The birth rate and the huge population implosion they're going to have, same with Japan, they need robots to actually do all the work. And they don't have a choice.

So they have to automate and create robots at scale in a way that we've never seen. I think this is going gonna be super exciting. I'm kind of, you know, you've been really, really enthusiastic about this for a while and I'm slowly, grudgingly getting there. Yeah. Why is it grudgingly? Why are you not excited about this? Well, just because I'm like, I don't understand.

My big beef is why the humanoid? It's such, the human being is such an inefficient shape. Because our world is designed around humanoid us I mean, it's like this thing is the size that my hand can grip, you know, we have to redesign the rest of our world It's you do remember What was that little device that predated the Palm pilot remember the Palm pilot? Okay, so the Palm pilot was interesting They they were trying to get the software

to adapt to your writing style. And then they made a decision, no, we're gonna actually teach the human to adapt to Palm Pilot's writing style. And they created some kind of a script, right? A T was like, oh, this way and this way. And so it's, rather than building, you know, rather than changing the built world

to adopt for the robots, how the robots adapt to the built world, you know, elevators, escalators, stairs, chairs, all those things. I mean, it makes perfect sense to me. And they're much cooler. Come on. Come on. Okay, but hold on.

Let me push back on that. So if I'm wanting to mow a lawn, I don't want a human or a robot. I want a robot lawnmower that has wheels. But don't you want, no, no, no, no. I want the same robot that can clean the dishes and can mow the lawn and can fold the laundry and can clean the kids room and can go shopping for me.

I don't want to pay for that and teach every one of these and pay for all the different hardware. Got it. That's it. Okay, so you're going to end up with a robot that looks, the end of its arms are gonna look like a robot with like a vacuum cleaner with 60% of attachments. No, it picks up the vacuum I currently own and vacuums the room.

Oh my God, okay. Yeah, there I'm- You disagree. I think that gets too hard to do for many, many, many use cases. But I'll give you my counterpoint. I think what's gets too hard to do for many many many use cases. But I'll give you my counterpoint I think what will happen is let's say I want that human robot to go mow the lawn It'll put off its its connector thing, which has a spinning blade and it'll go around

Mowing the lawn perhaps pretty quickly and you don't care worried too much about but I think there's a hidden dirty little secret in all Of these human robots etc, which is power And we saw this at the Abundance Summit the battery life is still really really poor on these things They last like an hour to an hour and a half But again, that's gonna that's going exponentially so nuclear power plants a few iterations of micro NUKE's B Beam power, but I but I do take your point. I think it's going to be super exciting and I'm coming, I'm tilting more and more towards Europe.

You better. The prediction is a billion robots in like a decade's time, right? Vanuatu Kusala is like, you know, we're going to exceed, and Elon's like 10 billion robots. Well, I mean, that's what he would say. Do you have any cars that were on the planet? I was shocked by this. There's like just under a billion cars. I would have thought there were more. And so the prediction is more humanoid robots than cars by orders and magnitude. Okay, okay. I'll give you my counterpoint. Yeah. I remember Avi Reckenthal used to say you'll have multiple 3d printers in in your house running each room. He never said that I remember that He did and but there was certainly a meme in the industry saying every room will have a

3d printer robot a 3d printer and We didn't kind of see that so I Instead of millions of robots. I why can't we have one humanoid robot? That does a lot of things and you share in you within your neighborhood and they that one thing I think it's gonna be I think listen the Elon's prediction and God knows he is the most precise and all predictions known in the universe Right, but let's just say I'm and you know, I'm an investor in figure I'm gonna go and visit Brad Atcock at figure in a couple weeks. And the number there is somewhere between 40,000 and 100,000 per robot.

Okay, so if they have the same kind of lifetime as a car and you can lease them, we're talking about $400 to $1,000 a month for a humanoid robot. That's right. You know, that's pretty affordable for something that can do all of your tasks all the time 24-7 on demand. And yeah, I might lend it to you, but I may just want to have it there when I want it. Anyway, we'll see. I, okay, I'll give you my kind of huge flags that go off in my head and then we can move on. Okay, go for it. Which is the liability insurance for that robot is going to be ridiculous because what happens if it scratches my rear desk and accidentally breaks into my... What happens if your kid, what happens if your kids what happens if

your kids scare it scratches the desk or or if you're if you're or someone but that but that or someone or your person cleaning your house scratches your desk yeah but I think a robot is more likely well let's see this is where let's let it go but you you hear my all right I don't agree that I do hear you All right. So last last slide on the robot side is is Tesla Robo taxi pretty cool looking vehicle so this Elan's announced on August 8th. He's announcing the Tesla Robo taxi

and the Tesla Robo taxi and he went to China. He sort of like skipped India, went straight to China with the objective of a robo taxi in China. And this is rumored to be $25,000. This is, if and when he gets this right, this is the biggest financial play that Tesla has ever done. It's the massive market. Massive market. Have you driven on one of the, any of the Waymos or anything yet? Yes, I've been in an autonomous taxi in Phoenix. And they're clunky and a little slow, but they work perfectly well, especially in a very predictable grid format. For this particular announcement, I'm usually a little

suspicious of some of Elon's announcements because of the PR aspect of it, but this one I'm very, very, very excited about. I think this brings to fruition the potential of Tesla in completely changing the game for transportation. I'm unbelievably excited about this. Yeah, I agree. I mean, for God's sakes, can I put my kid in a taxi, in a robotaxi and let it drive him to school? Yeah. I mean, it's ridiculous. I find this as, the question is how fast is this transition going to occur, right? If you look back 120 years ago at the transition from cars, from horses to cars, it took like 10 years and then it was like... It was very fast. It was done. Yeah. Yeah. So we're gonna see. Waymo has been really slow in coming, right? I mean, yeah, and and what's interesting is that right? I mean yeah and and what's

There's no ultrasound. It's all imaging base. So I know I use I use autopilot all the time on my car. And yeah, you have FSD? I have full self-driving, yeah. And I use it 90% of the time. It's only tried to kill me like once, maybe twice. And I probably jumped the gun. It's like, is it making a right turn here, like into those cones over there? Does it see them? And I can't take the risk that it does it probably would have yeah, but But it would take me, you know

The only problem is when I'm using full self-driving Your your hands have to be in the wheel and it's feeling the resistance you're putting on it And so a lot of times it's like my hands on the wheel but it's not tight enough and not a resistance and then it starts blinking red and says full self-driving is off you know you've been a bad boy you've had your hands off the wheel so I can't wait for it to actually be there all the time so I can like make use of that time I think I think so the next step under the robotaxes is I think one level when I can take my existing Tesla

Yeah, I think the fleet when I have a two-day business trip. Yeah, that's when I think the the next inflection point really Yeah, definitely. I want to be able to say push the button on the screen that says go earn me some money and Then yeah, I'll happily split the revenue 50-50 with Elon or whatever it is. Yeah. Alright, let's go. Well, 80-20 hopefully. Let's close out on Bitcoin news. Exciting couple of weeks here. And you've been on so many stages with and without me saying,

buy Bitcoin, buy Bitcoin now. I have. You have. I am very, I'm very, very excited about this. This is one where MicroStrategy, Michael Saylor, announced a decentralized ID protocol using ordinals. Ordinals are like NFTs for the Bitcoin world, non-fungible tokens. And this is pretty exciting. I think it'll come down to whether it's truly self-sovereign. I haven't looked into the orange protocol closely enough to see if it's actually self-sovereign ID, but I think it's a really great play. I think he's got a great shot at doing it

and the potential here. So can I do a little... So let's go through a couple of others because I want to make a couple of comments about Bitcoin and crypto in general. Okay. Let's go here. So, you know, I think the big news has been the halving. It happened. It happened. And I'm like, okay, time to go. Let's get that price going. There are all these memes of people expecting rocket ship ending up with a milk dripping off out of a fallen over milk bottle. So what happened? This was expected. It was?

Yeah, when you look at the price charts and you do technical analysis, when you have a huge run up like that, it's going to consolidate for a little while. The only thing is how long will it consolidate for before it goes to the next level. The word that I'm hearing is if it drops below 57, then it's going to go to another technical level below, and it'll stay sideways for much longer. If it stays about 57, this is a temporary period and then it's going to start shooting up again. I did a podcast this morning with Jeff Booth, who I think of as the chief economist of the crypto world. And I asked him what he thought the percentage likelihood we'd hit a million dollars of Bitcoin and what he thought the ultimate value would be

And he said I've said in the past I'm 99% sure but I'm now 100% sure it hits a million dollars a Bitcoin when When is the difficult problem question because when is this He death of the universe so come on he refuses to he refused to put timing for various and obvious reasons although I tried to pin, hard to pin him down. But he made a more dramatic comment that I've heard before, which is the world has about 900 trillion in assets. Yeah. Globally. And his view is that Bitcoin will become that 900 trillion divided by 21 million in that division. It's 42 million a Bitcoin. He is now of the opinion that we will over time inevitably move to Bitcoin as a not just

a store of value like digital gold, but a unit of account. And you'll be measuring your house not in how many dollars it's worth but how many bitcoin it's worth. Again, listen, I talk a lot about longevity, I talk about adding 50 years of life or 100 years of life. I just need to understand, is this like, you know, can you give me a decade? So can I give you my personal view? I think Bitcoin hits a million dollars of Bitcoin in the next

three to four years. Why? Because the debt bomb is now hitting. This year the US will spend more servicing its debt than it does on the military. That's a massive, massive number. That's the highest expense item on the US annual pay annual bill and now the interest on the debt that they've incurred is now the highest biggest expense and is growing exponentially by the way. Yes I don't want to use I don't like using that example of exponential growth. Alright let's let's close out Let's close out with this subject and this video. Let me hit play here

Yeah, and then you talk to me about it So this one viral, completely viral as kind of a joke on Tom Brady at his roast. I think the bigger implication here is why did he lose so much money, right? And this speaks to the FTX collapse. I want to talk about this for a minute. So when you have digital currencies and cryptocurrencies,, etc. There's three points on a triangle you want to hit decentralization security and scalability Okay, and it's also to ties back to what Jeff Booth is why he's so excited about Bitcoin these days when Bitcoin first came out He did decentralization and security for the first time ever in a digital currency. We'd never had that before. People got super excited by it, but it did not solve

for the scalability part because Bitcoin initially was not that scalable. Hence, all the altcoins, Ethereum, Solana, Cardano, da da da da, all trying to solve for scalability in different use cases, as they saw it, consumer grade microtransactions, etc. But in trying to achieve scalability, they compromised on decentralization or they compromised on security. Hence, the FTX collapsed because it wasn't decentralized and hence, Luna, etc. So FTX looked really good for a while, but because the underlying architecture was flawed, Tom Brady lost a lot of money on it. It's not a commentary on crypto in general. It's the fact that the scalable altcoins were flawed in Decentralization or flawed insecurity

In the last couple years, they've developed the lightning network on Bitcoin, which actually makes Bitcoin scalable And now there's an explosion of engineering. Yeah, If you think about scalability, that's an engineering problem, not an invention problem. And so now there's all these efforts to create layer twos on Bitcoin. Lightning is one of them that looks pretty robust and now we can make Bitcoin truly scalable and it hits all three and therefore the super smart folks that we know are going all in on Bitcoin. So that's part of the rationale there. What's your ratio of owned Bitcoin to Ethereum, to Solana or to anything else? Right now? Yeah. I'm in the... I used to be about 50-50. I'm now in the 85 to 90 percent Bitcoin.

Yeah, I'm the same. to 90% Bitcoin. Yeah, I'm the same. And I've gone deep in Ordinals. Ordinals. There's like a baseball team. Ordinals are NFTs on... that's the cardinals. The Orioles. NFTs are Ordinals or NFTs on Bitcoin. So, you know, we as an OpenEXO community have been waiting for a while to launch an NFT project because with a community you really want something like that and How do we reward the EXO heroes? So we we actually have just announced and I've minted a collection called EXO heroes which are a

Collection of ordinals and we'll go across multiple chains of this for people that are building the new Web3 realities that will replace the old world. And so that collection is going live over the next few weeks and we'll be allowing people to mint ExoHeroes for free if they have recruits and other things. They can go to ExoHeroes.com and check it out or track us at exoherosnft on Twitter I think. And then the general... We finally jumped into that modality. Great. How big is the EXO community again, Salim?

We're now 37,000 people in 150 countries. Amazing. And how does someone... We offer tools and transformation toolkits and how to build an EXO. We do master classes, training, networking, et cetera, et cetera. Awesome, awesome. So check it out at openexo.com. And Saleem, what's your handle on X? My Twitter handle is Saleem Ismail, which has been a bit of a nightmare recently

because the podcast I did with Tom Bilyeu just dropped So I'm getting some weird mentions and a couple of weeks ago Remember you and I did a clip one of your moonshot episodes and there was a two-minute clip of me talking about the fact that you Cannot regulate AI at all and Elon retweeted that clip And weird things happen when Elon retweets your face. Yes Did you get marriage proposals or what happened? No. Just some really like, who the hell are you, pal? It was very surreal.

But it's a really important point. We made that point. I'm going to make it again. We'd see no mechanism by which you can regulate AI at all. You'd have to go down and regulate it at every line of code being written, which is obviously non- Or invent a time machine, one or the other, whichever is easier. No, I think, so we've partnered with the Casper blockchain, which is doing a really amazing job.

What they're doing is they're creating a blockchain-based audit function where you can run your AI through an audit analysis and it'll analyze the the the depth of the model and the elegance of the model and so on. So there's a really interesting vector there on that. Amazing. Everybody, thank you for listening to this episode of Moonshots. WTF just happened in tech this week. of moonshots. WTF just happened in tech this week. Please subscribe if you like this. Share it with your friends. Salim and I will be doing this on a regular basis at least every two weeks to hopefully make it fun and give you some context of what's going on in the technology world. If you're interested in

my Abundance 360 summit, you can go to Abundance360.com. If you're interested in EXO, Salim's organization, go to OpenEXO.com. Salim, I love you buddy. Be well and talk to you soon. Let's appear next time with humanoid robots next to us helping us. I think we should tell people that we are actually humanoid AI robots in the first place and not not hold them. There you go. Not not lie to them again about this thing. All right, take care pal.

There you go. All right. Bye.