Latest AI News, Apple Vision Pro & Bitcoin Surge w/ Salim Ismail | EP #87

In this episode, Peter and Salim dive into Sam Altman’s $7 trillion dollar hunt, Apple Vision Pro, Google’s Gemini, Bitcoin and more. 01:46 | Apple's Vision for Mobile Computing 16:44 | Reshaping Business Through AI and Chips 48:45 | The Power of Bitcoin Explained 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 ____________ 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/ Use my code PETER25 for 25% off your first month's supply of Seed's DS-01® Daily Synbiotic: seed.com/moonshots _____________ Get my new Longevity Practices 2024 book: https://bit.ly/48Hv1j6 Join my executive summit, Abundance360: https://www.abundance360.com/summit 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

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Speaker 00

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• 1:00Peter Diamandis?

  We're going to see the convergence of AI Vision Pro and then crypto and blockchain. All those things coming together, just reinventing industry after industry.

• 1:08Speaker 04

  That augmentation, I think, is unbelievable and very, very powerful.

• 1:16Speaker 04

  There's just no way human beings should be focused on driving when a car can do it much better than you anyway.

• 1:22Peter Diamandis?

  We're at a point now where the amount of compute coming from silicon is exceeding 8 billion minds' worth of compute. A $7 trillion raise? That's awesome. AIs can create, spin up, a billion, 100 billion simulations and therefore know a lot more about where these different roads are going to go. And therefore, by virtue of that level of multi-universe simulations, could generate tremendous wisdom.

• 1:51Speaker 04

  We won't be able to navigate a volatile world in the future without that lens of depth and operating in real time to help make sense of the world.

• 2:03Peter Diamandis?

  Hi everybody, Peter Diamandis here. Welcome to Moonshots. I'm here with the most amazing exponential thinker I know of, Salim Ismail, the CEO of OpenEXO, my partner at Singularity University. And Salim, good to see you, buddy. Let's talk about what in the world just happened in tech this week. I call it WTF in tech. In particular, I'd love to talk about things like the Apple Vision Pro AI raising $7 trillion and what's going on in the world of Bitcoin, which is more than just $7 trillion. You're well?

• 2:38Speaker 04

  All good. I mean, those are each major Gutenberg moments that each of them will change the world fundamentally. So yeah.

• 2:44Peter Diamandis?

  They are for sure. So just kicking this off, you know, we are in a period of Apple Vision Pros takeover. I mean, it's taking over on the pages of X and all of my friends are rushing to go and get theirs. I love this story for me broke when I saw this image. And I love this phrase that says, "We're not going to need to worry about overpopulation after all." So beautiful. These two guys are sitting there at a cafe, you know, wearing their Apple Vision Pro. Have I ever told you the joke? What does an engineer use for birth control?

• 3:29Speaker 04

  No.

• 3:31Peter Diamandis?

  His or her personality. So I think that says it all in this.

• 3:40Speaker 04

  As a former engineer who struggled to meet women, that totally attest to that from personal experience.

• 3:47Peter Diamandis?

  But you know, listen, everybody walking around with these and you know, I've been seeing them on X. I haven't seen them out in the wild yet in terms of people walking around, but I'm sure we will. Let me share this image. This is an image of Apple's first generation products from the MacBook to the iPad, to the iPhone. And there's the Vision Pro. It says a lot, doesn't it?

• 4:16Speaker 04

  You know, their ability to deliver breakthrough new platforms, computing platforms that are all in one has never been beaten, challenged, or even come close to. It's pretty staggering.

• 4:29Peter Diamandis?

  Yeah, I think there's no question that when they make a decision to release a product, it's going to be awesome. And the Vision Pro is, but I think what's most awesome about the Vision Pro, we'll talk about it, is its integration into the Apple ecosystem, right? If it was a standalone product by itself, it wouldn't have half the awesomeness. But the fact it integrates, you know, you can see your Apple Watch as a virtual icon. You can integrate with your Mac, with your, all of the products out there is, is pretty extraordinary.

• 5:00Speaker 04

  You know, for me, it's the App Store.

• 5:04Speaker 04

  You know, the, the fact that I can just pull up any app and run it and soon they'll have, you know, they have already, what, 700 apps that are native to the Vision Pro, right? So the richness and depth of those is going to be kind of incredible, I think.

• 5:18Peter Diamandis?

  Well, the, the thing that they did, which was right, is, you know, I've got around here some, oh, there it is. I've got my Oculus Quest 2. It's like unboxed. I mean, it's unopened. It's sitting on the shelf because I had another one I used and I have my Oculus One sitting someplace. And that's the problem with a lot of the, the XR headsets. You get it, it's really cool for a little bit, and then you don't use it again.

• 5:47Peter Diamandis?

  And because the apps just are not engaging enough and it's not useful enough. And I think what really was a super smart decision by Apple here was saying, we're going to make this independent of apps. We're going to allow you to read your book, do your work, you know, watch movies. And so the whole universe of content that you would use on your MacBook is the same universe of content that you'd use on your Vision Pro, and that was brilliant.

• 6:17Speaker 04

  I think there's some more extensions that are very powerful. For example, one of the use cases I've found that I heard about was if you're sitting on a plane and you want to watch a movie, you are essentially watching it on a big screen. Right?

• 6:30Peter Diamandis?

  Yeah.

• 6:31Speaker 04

  And that augmentation, I think, is unbelievable and very, very powerful. But I continue to think the real application here is specialist B two B applications like surgery or training somebody. Or make sure you install the bolts on the Boeing plane before you let get it out there and doing visual analyses of things. I think that's where the real power will come in.

• 6:54Peter Diamandis?

  It will, but it's also going to come in from your ability to do mobile computing while you cross the street here. And here's a video of that Beth J. Zos launched here. And here we see a guy in his Vision Pro just crossing the street and typing away. I mean, I do think that this is sort of an evolutionary Darwin moment. You know, the Darwin Awards, my favorites. And we'll see how many people get killed with wearing their Vision Pro and doing stupid things.

• 7:26Speaker 04

  It's it. If not, if not doing stupid things, you're just going to get punched. But just from the, you know, the social signaling that comes with this is just has so many connotations that will attract negative attention. But I think this is it's just dangerous to be doing some of this.

• 7:44Peter Diamandis?

  So, you know, I'm going to check this. I'm going to Google this versus using my my Gemini. But how many people die each day while taking a selfie? Or actually each year? It's some astronomical number. Oh, here it is. So in 2018, a study reported showed that 259 selfie deaths occurred. I don't know if you've ever heard that.

• 8:10Speaker 04

  Yes, I have heard that.

• 8:11Peter Diamandis?

  And you're backing up or you're back up in the traffic. So we're going to have not just selfie deaths, we're going to have vision pro deaths. And of course, here's another great example.

• 8:35Speaker 04

  I tweeted this, that this was the craziest thing I've seen in years of somebody doing that. I mean, I've driven my Tesla four times up and down the country, and I would have killed for something like this, but it's unbelievably dangerous. And so I don't know how this can't end well. They're gonna have to pass the... I can't imagine them not passing some regulations, saying you can't wear this kind of headset.

• 8:59Peter Diamandis?

  Well, I think they have that. I think it's called "You Can't Text and Drive", and I think they're just gonna broaden the definition of texting.

• 9:07Speaker 04

  Yeah, I think they'll have to.

• 9:10Peter Diamandis?

  Yeah, but that's why God created self-driving cars. Anyway.

• 9:15Speaker 04

  You know, let's just touch on that for a second. Maybe the biggest delay, most delayed outcome of exponential technologies... I remember 10 years ago, we thought self-driving cars would be prevalent in a few years, and it's taken way, way longer. You know, even now, we're like a few years away. It's just because that adaptive intelligence of driving a car is just really, really hard and perfectly suited to human adaptive intelligence, whereas a set of sensors with AI, it's just that much harder to do.

• 9:50Peter Diamandis?

  Yeah, it is, but I believe the thesis that if a human can do it with one eye, you know, one eye closed, a computer should be able to do it with a single camera, let alone all the cameras. You know, it's interesting. A couple of things happened in the self-driving world that I think are worth noting. The first is that Tesla last year replaced 300,000 lines of C++ code.

• 10:20Peter Diamandis?

  With 3,000 lines coming from a large language model.

• 10:25Speaker 04

  Yeah.

• 10:25Peter Diamandis?

  That was trained on all of the of the data. People don't realize that when you're driving your Tesla and you grab the, it's in self-driving mode and you grab the wheel. All of the imagery before and after you grab the wheel are sent to, you know, Tesla's headquarters to say, okay, why did this person interfere with this perfectly good self-driving car?

• 10:50Peter Diamandis?

  And that's training their their equivalent of their, you know, their deep neural networks, equivalent to their large language models. Uh, the other thing.

• 10:59Speaker 04

  I'm a huge proponent of self-driving. I mean, human beings are just bad control systems for two-ton cars going at high speed.

• 11:06Peter Diamandis?

  Yeah.

• 11:08Peter Diamandis?

  The idea that you take a 16-year-old test testosterone-laden kid and give him a 2,000 or 5,000-pound car is crazy.

• 11:16Speaker 04

  It is nuts. I remember the statistic when BlackBerrys were around, there was a three-day outage in BlackBerry messages around the world. Nobody could send BlackBerry messages for about three days. And the accident rate in Abu Dhabi during those three days dropped 40%.

• 11:31Peter Diamandis?

  Wow.

• 11:32Speaker 04

  Right? That was 10 years ago. Forget everybody. Anybody you look at in a car is looking at their phone. So it's just, there's just no way human beings should be focused on driving when a car can do it much better than you anyway. So the faster we make that transition, all the better for me. And notwithstanding this Waymo car got attacked by a by a crowd last night in San Francisco. That was just crazy.

• 11:55Peter Diamandis?

  I I I miss that. What happened?

• 11:57Speaker 04

  A Waymo car in Chinatown, San Francisco, was stopped and a whole crowd surrounded and just vandalized the car and put it on fire.

• 12:05Peter Diamandis?

  Whoa.

• 12:07Speaker 04

  Yeah, they just. Yeah, and the car couldn't drive anywhere because it was surrounded by human beings.

• 12:13Peter Diamandis?

  Oh, my God. You know. This year at the Abundance Summit, I'm gonna have Austin Russell there, who's the CEO of Luminar. I don't know if you know, Luminar is the largest provider of LiDAR, laser imaging radar. And I was at a party for a friend, Ado Resi, I don't know, six months ago. Elon was there and Austin was there, and Austin always wanted to meet Elon, so I went and introduced them. And I said, Elon, here's Austin, he's providing the LiDAR for all of the car manufacturers out there. And he thinks that Tesla should have LiDAR. And Elon's like, no, absolutely no LiDAR, it is cameras only.

• 12:57Peter Diamandis?

  If humans, you know, this is his first principle thinking. If humans can drive with just their eyes, cars should be able to drive just with cameras. And so Austin made his best argument, but Elon's sticking with cameras.

• 13:17Speaker 04

  I would stick with the LiDAR idea just because LiDAR can see so much further.

• 13:23Peter Diamandis?

  Yeah, and in different, in different conditions.

• 13:26Speaker 04

  Yeah.

• 13:27Peter Diamandis?

  So, you know, I think all of this is AI, and let's talk about what's new in the AI world here. And by the way, it's gonna be the intersection, right? We talk about convergences all the time. The most interesting places on the planet are the convergences of exponentials. I mean, you talk about that in exponential organizations with me and your OpenEXO. Take a second and tell folks what the OpenEXO platform is, by the way.

• 13:54Speaker 04

  So what we have done is created a global platform for anybody interested in the transformation that we're going through with technology and action, enabling that and making it real. So we have 35,000 entrepreneurs, technologists, researchers, scientists, innovators, change agents, all on a global platform. We have a subgroup for generative AI that's about 500 people. So every week they get together and talk about what's going on. And we've created basically a hive mind for transformation. So anybody that wants to transform their company, their country, their city, whatever, it's a passport to all of the toolsets around that. So that's what openexo.com is.

• 14:35Peter Diamandis?

  Yeah, and it's a lot of the stuff that we wrote about in Exponential Organizations 2.0 that that came out are what that community practices, preaches, works on together. And I think it's the convergence, right? We're going to see the convergence of AI and Vision Pro. AI, Vision Pro, and then crypto and blockchain, all those things coming together, just reinventing industry after industry.

• 14:59Speaker 04

  Yeah, you know, going back to the Singularity University observation of we have a dozen technologies that are all on a doubling pattern, right? Each one is doubling on its own, but where they intersect, you add a whole other multiplier to the equation. And you've mentioned before, you take two or three of them, now the multiplier is off the charts. So the the massive transformation that's being delivered is unheard of and unprecedented in human history.

• 15:25Peter Diamandis?

  Everybody, I want to 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, and it's a company I started years ago with Tony Robbins and a group of very talented physicians. You know, 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.

• 16:07Peter Diamandis?

  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 gonna find out eventually. Might as well find out when you can take action. Fountain Life also has an entire side of therapeutics.

• 16:51Peter Diamandis?

  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 fountainlife.com/peter. When Tony and I wrote our New York Times bestseller, Life Force, we had 30,000 people who reached out to us for Fountain Life memberships. If you go to fountainlife.com/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.

• 17:32Peter Diamandis?

  It's a chance to really add decades on to our healthy lifespans. Go to fountainlife.com/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. You know, speak about unprecedented in human history is this next article that came out this week. Sam Altman seeks trillions of dollars to reshape business of chips and AI. And I'm like, you go, guy. That's amazing. I mean, honestly, you know, I thought Elon had cojones when he was looking to go to Mars, but a $7 trillion raise? That's awesome.

• 18:17Speaker 04

  And, you know, if we believe that we're turning the world into information, which we are, and all that information needs to be managed, and computation and AI, the ways you manage and harness and make sense of all that tsunami of data, then this is completely the right thing to do.

• 18:33Peter Diamandis?

  I mean, when you think about what does $7 trillion mean? I mean, that's like...

• 18:39Speaker 04

  That's half the GDP of the US.

• 18:42Peter Diamandis?

  Um, is that true?

• 18:45Speaker 04

  Just about, I think. I think GDP the US is 12 or 13.

• 18:48Peter Diamandis?

  I mean, it's like the total net value of Apple and Microsoft and Google all put together. I mean, it's a lot of money. Where do you go to get $7 trillion?

• 18:58Speaker 04

  Well, you go where people have, you know, in the UAE, they're generating $4 billion of net income a day from oil. So that's a, and that's just, that's a piece of what's happening in Saudi. So you go where the money is.

• 19:13Peter Diamandis?

  Yeah, Saudi and the Emirates for sure. And I'm just, I don't know. Yeah, we talk about moonshots a lot. A $7 trillion ask, I mean, you know, he didn't want to go for a trillion. He didn't want to go, I mean, I guess if you're gonna, if you're going to ask for a large amount of money, you might as well put it all out there.

• 19:37Speaker 04

  Yeah, I mean, I think the thesis is you would enable many trillions time that, right? The economic impact could be that big across all sorts of areas. I just don't know, there's some insights there as to where you would apply all that computational power to. But it would make computation, massive computation reducible down to very, very small devices and enable every little gadget to be, to become intelligent. This trend is very clear that that's happening.

• 20:10Peter Diamandis?

  You know, it's, if you think about the amount of compute on the planet, for all of, for all of known history, compute was neurons. Compute was the human brain. And I don't have the exact figure, I should have looked it up before this, but we're at a point now where the amount of compute coming from silicon is exceeding 8 billion minds worth of compute. And there'll be a point in the near future where human compute is a fraction of 1% of all the compute on the planet. And that's a fascinating thing to think about.

• 20:44Speaker 04

  Yeah, it is. My issue with it is that that compute power is different, is a different type of compute, right? Because you've got all this sensory stuff that we compute in our bodies every day, that a huge amount of our neuron capabilities there, whereas you can use pure compute into all sorts of other areas.

• 21:04Peter Diamandis?

  Yeah, well, regardless, this is going to be an interesting one. I haven't honestly heard of a of a raise that big. I mean, we're going to see X dot AI probably raise a few hundred billion. And we've seen, you know, a few of the other AI companies in that category. But have you heard of a trillion dollar raise before?

• 21:25Speaker 04

  Never, not even close.

• 21:27Peter Diamandis?

  Yeah, fascinating. Good luck, Sam. Amazing. All right. Next one is Google's Gemini Advanced AI is ready to go. So I've been playing with Gemini and hats off to AI to Google for this. I actually didn't like the name Bard. I do like Gemini better.

• 21:49Speaker 04

  Oh, interesting. I actually like Bard.

• 21:52Peter Diamandis?

  Yeah, why?

• 21:53Speaker 04

  Great shout out to Shakespeare and the the art of composition.

• 21:57Peter Diamandis?

  Huh, okay. It just feels dull. Gemini feels, well, I've got twin boys, so that maybe it's influencing my my mindset here. But

• 22:07Speaker 04

  There you go.

• 22:08Peter Diamandis?

  Have you played much with Gemini yet?

• 22:11Speaker 04

  I've played with it a bit. I think it's there's some areas where it's a little weaker and but I think overall, when I was playing with Bard, now Gemini, I actually preferred it to many of the other tools.

• 22:25Peter Diamandis?

  So I mean, the biggest issue is Google is is playing an existential game here, right? In terms of how do you how do you maintain its BMF in search and also put generative AI into the loop here? And when, you know, how often are you Googling versus using using a generative AI tool?

• 22:45Speaker 04

  Um, I find those are two very different things. I haven't kind of merged them yet because often I'm when I'm Googling, I'm looking for something specific. And when I'm trying to compose or flesh out some thinking, then I go to generative AI. And so those I find are two complementary thought processes. I do find it very powerful to, when I have a general search query, like, find me the best way of doing, doing something, or get me the best Korean restaurant within 10 kilometers. Some of those nuances are not easy and typical search, but Gemini does those very well, or ChatGPT does those very well.

• 23:28Peter Diamandis?

  And of course, what's gonna happen here, and it's pretty damn obvious, is everything will transition to a single entry point. And whatever you want, it's going to enter through a, an AI interface, and it will decide whether it uses classical search or generative AI to give you the answer. And so the question is owning the customer. You know, so Google's not, it needs to hold on to that customer because it's, it's in a, it's in a death race. I, I happen to believe in Google as the most viable and dominant player, and I think they'll, they'll maintain their dominance.

• 24:13Peter Diamandis?

  I love the team there, I'm biased, I know, I've known them for 20 plus years. But it's, it's a challenge.

• 24:21Speaker 04

  Well, I think what has to happen is, is the others, whether it was Microsoft or Facebook or OpenAI, have to totally change the paradigm, right? So when ChatGPT got integrated into Bing, it didn't dance at all Google's search dominance, like zero. And so I found that really interesting. It's, these habits that we have of, of looking things and the way we've done it is unbelievably hard. Just going back to my Yahoo days, right?

• 24:48Peter Diamandis?

  Yep.

• 24:48Speaker 04

  You had the Yahoo Mail page, and if you move that send button by just a few pixels, one way or the other, the usage dropped off pretty dramatically because people are so used to going to that spot and clicking send. It's incredible how habitual we become with even webpages. Very hard to update and change in that pattern. And I think unless we change the paradigm of how we do search, which is what OpenAI and Bing and so on are trying to do, it'll stay Google dominant for a while.

• 25:19Peter Diamandis?

  And Google's got to get out. I mean, people don't realize that the technology used by OpenAI, the large language models, were pioneered by Google first.

• 25:28Speaker 04

  Yeah, the transformer paper was written by Googlers.

• 25:31Peter Diamandis?

  Yeah, I mean Larry and Sergey, when they started, when they started Google, they viewed themselves as an AI company. And what people don't realize is I think they also viewed themselves ultimately as a brain-computer interface company, but we'll see where that goes to.

• 25:49Speaker 04

  Hmm.

• 25:49Peter Diamandis?

  You know, think in Google. Anyway, it's, it's, you know, we'll talk about BCI in one of our next conversations here. But here's a, here's another AI article that came out. This is Nat Friedman, who is the founder or the past CEOs of GitHub. We've talked about GitHub before, how dominant and critical GitHub is. Nat's going to be giving the opening talk this year with me, fireside at Abundance 360, contextualizing what in the world just happened in the AI world in the last year and where we're going. But he's had a side project, which I find fascinating.

• 26:34Peter Diamandis?

  It's the Vesuvius Challenge, a little less than a million bucks. So these large collection of papyrus scrolls were buried at Mount Vesuvius in 79 AD. And here they are, they're rolled up, they're, you know, they've gone through hell and back, literally. And they're going to crumble. And so what Nat and the scientists did was they x-rayed them and were able to actually get different x-ray diffraction off of the ink. And then they took the data from that, those x-rays, which was basically noise, and put it up there for AI scientists to solve. And they did.

• 27:16Peter Diamandis?

  Which I find amazing.

• 27:18Speaker 04

  I think this is just such a great use case of being able to do things that we struggle with as human beings. A deciphering those hieroglyphics, even what it is, and then B making sense of it, and three, understanding, interpreting them. That's just massive potential that up. For me, one of the favorite applications I've got is understanding and translating human to animal language. There was a project, and I think I was tracking 2017, that was trying to use machine learning to understand and rewrite dolphin language. And they thought by 2022, they would have a working version. It got derailed by the pandemic, but now we'll be able to do it trivially.

• 28:02Speaker 04

  The big problem with that is that, let's say you want to talk to dolphins, we probably don't want to hear what they have to say. Because I think the big danger point there.

• 28:12Peter Diamandis?

  You know, I just had, as you know, you're on my board at the X Prize Foundation, and this year at Visioneering, which is our big event of the year, where we debate and we discuss what prizes should we do next. We had two great AI prize ideas that bubbled to the top. One that I think is really needed, which is AI for Truth. And that prize, we've talked about before, is given a datum. Can an AI engine tell me that this is based in fact, this is someone's opinion, or this is actively disinformation? I'd so love that, right?

• 28:48Speaker 04

  And so important in today's world of like, obvious deep fakes, and the ease with which we can create deep fakes, I think is going to pose a massive challenge for our elections and for our media globally.

• 29:02Peter Diamandis?

  Yeah, I'm going to show you my favorite deep fake of the week that came out. But before that, going back to interspecies communications, the other X Prize we've talked about is just that, an interspecies communications X Prize. And I've had some meetings since Visioneering about that. And I, you know, love the idea that we could talk to a dolphin for search and rescue, or talk to birds to say, there's a child lost in the forest, can you go help us find it? And one of the questions is, you know, if we're communicating to animals...

• 29:37Peter Diamandis?

  Maybe we need to be careful about what we say to them. So we don't, um, we don't pollute their mindset, so to speak.

• 29:46Speaker 04

  Well, I mean, it's hard to imagine that we could do much worse than we're doing now. Right? Like, there's all this data about the, the vibration by big ships in interfering with whale song all around the world and causing massive barriers. And shipping lanes act as like a boundaries that whales, the whales can't communicate through those anymore. Uh, so there's all this stuff that's happening negatively anyway. And I think anything we can do to understand it and mitigate those is better because now we just have more data about what's actually happening.

• 30:16Peter Diamandis?

  I, I want to just read a paragraph about this Vesuvius text again here. So it was a grand challenge, $700,000. These 15 columns, this is from a, a post, uh, these 15 columns come from the very end of the first scroll, uh, we've been able to read and contains new text from an ancient world that has never been seen before. The author, probably Epicurean philosopher Philidaeus, writes about music, food, and how to enjoy life's pleasures. In the closing section, he throws shade at unnamed ideological adversaries, perhaps the Stoics, who, quote, "have nothing to say about pleasure, either in general or in particular," unquote. All right, well.

• 31:00Speaker 04

  [laughing]

• 31:02Peter Diamandis?

  Political debates all way back then.

• 31:04Speaker 04

  Oh, you know, this is the thing. Once you have three people, you have politics, right? Two people, you have a conversation. Three people, you have politics.

• 31:11Peter Diamandis?

  Yeah, love that.

• 31:12Speaker 04

  I, I remember in our early days of Singularity University, we had, we got to a point where we had 50 alumni from Italy. And within those 50 people, there were 14 political factions that have been emerged already. It was like, how this has happened?

• 31:27Peter Diamandis?

  And they were going to create a 15th while they were there.

• 31:29Speaker 04

  Yeah.

• 31:30Peter Diamandis?

  So the FCC bans AI-generated robocalls, right? So there was this robocall, this deep fake of President Biden telling New Hampshire voters to stay home. Fascinating. Again, uh, it's like, I, I tell people, uh, you were going to default from seeing as believing to actually just not believing, um, and, and what you hear or what you see.

• 31:56Speaker 04

  You know, that AI for truth idea is such a powerful and important and necessary instrument, because unless it's validated at this point, I think you make a really important point here, because unless you know something for sure, you have to basically take it with several grains of salt.

• 32:15Peter Diamandis?

  So I was talking to Tristan Harris, who's also going to be on stage with me at the Abundance Summit. Tristan's the head of the Center for Humane Technologies.

• 32:26Speaker 04

  Yeah.

• 32:27Peter Diamandis?

  And you know him from his appearance on Social Dilemma, brilliant thinker. And the question he asked was, okay, can humans do this? Could a hu... You know, when you're looking to ask, can an AI do this, can a human, when given some data, actually track down whether it's factual opinion or active disinformation? What do you think?

• 32:51Speaker 04

  No, the answer is absolutely not. I mean, look at some of the stuff that...

• 32:55Peter Diamandis?

  Why would you expect an AI to be able to... I mean, given enough time and resources, could a human track it down? Can you go...

• 33:01Speaker 04

  Oh, of course. That, yes, that can be done. But I think in the timescale that we're looking for, that we're talking about, right? The... Trump won the 2016 election by the fact that lies were spread so much faster than the truth could catch up to it.

• 33:17Peter Diamandis?

  Yes.

• 33:18Speaker 04

  And you... He... There were 20,000 verifiable black lies that he spotted out during the 26... From during his presidency, right? So when I talk to whether supporters or whatever, what aspect of reality are you living in to operate in that model, right? Whether it's redrawing the maps of where the hurricane will hit or whatever. And I think this is the enormous difficulty, the... Because, you know, remember we had the conversation last time about how the... We get hit by negative news and we retain the emotional element of that much more powerfully. And then even when reality hits us, it doesn't change the emotional effect it had.

• 34:02Peter Diamandis?

  Yeah, you tell me that...

• 34:04Speaker 04

  And I think this is the difficulty.

• 34:05Peter Diamandis?

  You tell me that a politician has beat his kids growing up and you show some images or so forth. And I know it's not true, but just in the back of my mind, that neuron is poking up and saying, well, maybe it is, maybe there's some truth in it. And that erosion of truth.

• 34:23Speaker 04

  Yeah.

• 34:23Peter Diamandis?

  And so this FCC banning of AI-generated robocalls really needs to be the beginning. And I think the only way is to make deep fakes, not avatars. I think of avatars as the positive terminology. I have an avatar, you have an avatar, we have a Ray Kurzweil avatar for our book. But in a deep fake where I didn't give it permission, that should be as illegal as counterfeiting and punishable by jail time.

• 34:53Speaker 04

  It should be. The problem is that, A, finding out who generated it, right? And finding the source of that generation is going to be very difficult.

• 35:04Peter Diamandis?

  So now the question is, do you make it the responsibility of the transmitter? So in other words, do you, I mean, let's, you know, how do you stop this? Maybe you say that the conduit, if Facebook or X or LinkedIn is sending it unviafiable and it turns out to be a deep fake, that they're penalized? Or if you retweet something?

• 35:29Speaker 04

  Yeah, so I think that's where it has to go. But that's where you need the AI for truth injected into there, right? Where you have choke points of, let's say on X, if X had built into it an AI for truth that could say, and give it a reading on, this is 80% likely to be false. Check carefully and just use a color coding or whatever and just said, this is for sure false and deleted it off its platform. I think you needed at those information choke points. And we're always going to have those choke points just because that's how human beings

• 36:04Peter Diamandis?

  I should text Elon and ask him if he wants to do a next X Prize. Seriously, I think this is one he probably should want to do.

• 36:12Speaker 04

  He should want to do it and they, all of the tech platforms should want to do this.

• 36:17Peter Diamandis?

  Yeah. Yeah, no, agreed. The question is, can it verifiably be done? And if it can, then can you transmit the authentication through a blockchain metadata link or something?

• 36:32Speaker 04

  Yeah.

• 36:33Peter Diamandis?

  Right? I mean, yeah.

• 36:35Speaker 04

  I was the advisor to a project that was actually trying to do this, where they were, if somebody puts out something false, then a bunch of people can look at it and flag it and go, we think this is fake. And the rating of the person, the credibility of the person got built into that rating. And so they were trying to do it using a hive mind, but I think you can do it with AI very easily.

• 36:57Peter Diamandis?

  I love that. So, you know, people who've got a high, as a reporter or as a tweeter or whatever, have, if you have a high, you know, truth index, you're not going to want to ruin that. So I'm going to believe you more.

• 37:12Speaker 04

  Exactly.

• 37:13Peter Diamandis?

  And my, and my willingness to retweet your statement is worth a lot more to you if, if I've got a high index there.

• 37:20Speaker 04

  You know, this is again, I'm not sure we need government policy here, just because the market forces will dictate that this is really important. And a button that says this has been verified by an AI is a really powerful economic motivator for some of this.

• 37:38Peter Diamandis?

  Yeah. Here is a video by a friend, Andrew Eng. He was with me at Abundance 360, and I want to listen to his message because I think it's really quite important, and let's talk about it afterwards.

• 37:53Speaker 05

  AI is a very beneficial technology. On average, I think it comes down to, do we think the world is better off or worse off with more intelligence in it, be it human intelligence or artificial intelligence? And yes, intelligence can be used for nefarious purposes, and it has been in history.

• 38:11Speaker 05

  I think a lot of humanity has progress through humans getting smarter and better trained and more educated. And so I think on average, the world is better off with more intelligence in it. And as as for AI, Y P R humanity, I just don't get it. You know, spoken with some of the people with this concern. But their arguments for how AI could wipe humanity are so vague that they boil down to it could happen. And they can't prove it won't happen any more than I could prove a negative like that. I can't prove that radio waves being emitted from Earth won't cause aliens to find us and space aliens to to wipe us out. But I'm not very alarmed about space aliens. Maybe I should be, I don't know.

• 38:51Speaker 05

  Um, and I find that the harms, um, there there are real harms that are being created by the alarmist um narrative on it.

• 39:00Speaker 04

  I I think he puts out deep wisdom here. Um, this is very, very important. And I think, you know, just in terms of the intelligence side. Yeah, uh, if you believe the thesis that technology is a major driver of progress in the world, right? And Ray Kurzweil challenges us to find a better one. Like, is there another major driver of progress in the world? We actually can't think of one. And therefore, the more intelligence you have, the more technology you can develop. And therefore, that's a good thing.

• 39:28Peter Diamandis?

  I I, listen, I agree. I think uh that there is a direct correlation between a level of intelligence and optimism, uh empathy, uh, uh, love of abundance of life, of all of those things. You know, I think the more intelligence you have, the more wisdom, right, you can create. I've often said that AI is going to generate incredible wisdom. You know, you talk about wisdom a lot um in as part of your of your work. When I think about what is wisdom, um, you know, someone who's wise is someone who's seen a lot in life. They've experienced a lot. They've heard a lot of stories. They know where this road is going to take you. And I think.

• 40:14Peter Diamandis?

  AIs can create, spin up a billion, a hundred billion simulations of every possible perturbation and therefore know a lot more about where these different roads are going to go and therefore by virtue of that level of multi, you know, multi-universe simulations could generate tremendous wisdom.

• 40:35Speaker 04

  Completely concur. I mean, it's not just even a good thing, it's almost a mandatory thing because we won't be able to navigate a volatile world in the future without that lens of depth and operating in real time to help make sense of the world.

• 40:52Peter Diamandis?

  All right, here is my next conversation point for you. It's something we've talked about. You found this article. Put it up for me.

• 41:04Speaker 04

  Yeah, so this basically talks about the fact that a big job in corporate America today is the whoever's in charge of AI. You've, you talk about this, we talk about this in the book, that companies will need a chief AI officer. It has to be right at the C-suite level. It's such a critical function and enabler that if you don't have this at the C-suite level, then you risk being disrupted and you won't be around for long. And you make the comment around that kind of existential threat of either you're a company using AI or you're out of business, right? I love that framing.

• 41:40Peter Diamandis?

  Yeah, I say by the end of the decade, you're fully utilizing AI or you're, you're out of business. You know, so people ask, what can I do? How do I get started? You know, everybody acknowledges, yeah, I get it. You know, it isn't AI that's going to kill my company. It's another company using AI that's going to kill my company. And so what do I do? And my first comment to them is find a chief AI officer. And they say, what is that? And for me, a chief AI officer is someone who's on your team. They aren't coding a large language model. They're not, you know, they understand what's going on and they're whispering in your ear. They understand your business and they're saying, okay, we're going to use, you know, this product from Google, this product from, you know, OpenAI, this product

• 42:25Peter Diamandis?

  from whatever it might be. And in so doing, they're helping you use the technology that's coming. And that chief AI officer could be, you know, 21 years old for all I care. It doesn't need to be-

• 42:39Speaker 04

  You want them to be 21 years old.

• 42:44Peter Diamandis?

  Yeah.

• 42:44Speaker 04

  Uh, we have a community member, Diego Saroa, okay? And he's amazing.

• 42:49Peter Diamandis?

  EXO community.

• 42:50Speaker 04

  In my EXO community, he's a GSP alumni from Singularity University. And he teaches, he's a professor of, at a university called IE in Spain. And he uses AI for grading the papers, advising the students as to how to write their papers. Uh, different models of researching papers, uh, image generation using Misjourney. He's got a full panoply of AI tools that is mandatory for both him and his students to use. I think that's where we'll end up very soon. The idea of a chief AI officer that can help navigate these models and just plot a course through this is, is absolutely mandatory in my head.

• 43:33Speaker 04

  And not just for companies, but for government departments and for policy think tanks. And for pretty much every function where we had human intelligence before, you need an AI assistant going forward.

• 43:45Peter Diamandis?

  So let's take it a step further, pal. You know, you and I have talked about having AI board members, having AI executive officers. When I'm in a board meeting right now, when I'm in a staff meeting right now, I've got, you know, Gemini open or ChatGPT, and I'm asking it the same questions I'm asking my team. And in fact, you know, one of the things that I think is incredibly powerful is to say, okay, here's a problem. You know, asking the team what they think of it. And then I might say something like, what would Steve Jobs think of this problem? And you can post it in that way and say, how would Steve Jobs answer this question?

• 44:28Peter Diamandis?

  Or how would he market this product? And it's incredibly powerful, right? So where is this going in terms of taking over the, the boardroom and the executive suite?

• 44:40Speaker 04

  Well, you know, we talked in when we launched the book on the Impact Theory Podcast, Tom Bilyeu's podcast, of having the next billion-dollar company be three people in a bunch of AIs, right? And then Sam Altman, of course, took it to the next level and said, it's one person with a bunch of AIs. Well, if you combine that thinking and that vector with this concept of an AI officer, well, there's absolutely no reason why your CMO can't be an AI, why your CFO can't be an AI, why your CEO almost can't be an AI. You, I think you'll end up with a C-suite of AIs helping you manage the company, with the human being the shoveling of information and data and reports into the AI.

• 45:24Speaker 04

  Because it's going to do a much better job of summarizing everything. What I look forward to is the fight between the CMO and the CFO can we fund that project or not? And the CFO AI will go, we can't afford it, and the CMO AI will go, we have to have it, etc. And that'll be the fun discussion for me.

• 45:39Peter Diamandis?

  Yeah, this year at Abundance Summit, I've got a generative AI scorecard in which I'm asking our members to score themselves in all of the business operation functions, like how much generative AI are you using in HR, in legal, in operations, in IT and cybersecurity and so forth? And there are so many incredible tools, you know, currently available. So you're, at a minimum, your executive officer needs to be using these tools to complement themselves right now.

• 46:16Speaker 04

  I think you're going to end up with what I call the 1995 IBM problem.

• 46:20Peter Diamandis?

  What's that?

• 46:20Speaker 04

  Okay, so in 1995, IBM did a survey of all the CIOs of the Fortune 500. And they said, how many of you use open source software in your computing stack? And 95% of them said, no, we don't use open source. We have totally Oracle, Microsoft, closed stack, computation, software development, etc. Then they went down to the sysadmins who are running the systems and said, how many of you use open source? And 95% said yes.

• 46:45Speaker 04

  And IBM made a major bet on open source as a result, bought Red Hat, et cetera, proved to be a huge success because all those sysadmins which were actually using open source ended up over time becoming the CIOs. And I think if you went to a CEO today and said, how many of your people using generative AI, you'd go, no, we're not really using it. But down on the ground, they're all like using it every day illegally and inappropriately. They're feeding half the company's information to ChatGPT without realizing it, and it's happening anyway. So I think that's what you'll find there.

• 47:15Peter Diamandis?

  All right, we're about to go to Bitcoin, but before we do my favorite deep fake of the week from Super Bowl Sunday, here we've got our president hawking snacks. Take a look.

• 47:27Speaker 06

  The Super Bowl Sunday. If you're anything like me, you like to be surrounded by a snack or two while watching the big game. You know, when buying snacks for the game, you might have noticed one thing. Sports drinks bottles are smaller. A bag of chips has fewer chips, but they're still charging it just as much. And as an ice cream lover, what makes me the most angry is that ice cream cartons have actually shrunk in size, but not in price. I've had enough of what they call shrinkflation.

• 47:54Peter Diamandis?

  Pretty damn believable.

• 47:55Speaker 04

  You know, I think, I think we are in a world where you can't even tell if that was real or not real, because you can just as easily imagine it being real.

• 48:06Peter Diamandis?

  I, I could, I'm like, you know, I'd say I could honestly believe it's real. And that's, that's scarier than knowing it's, it's a, it's a deep fake. Hey, everyone, I want to take a quick break from this episode to tell you about a health product that I love and that I use every day. In fact, I use it twice a day. It's Seed DS01 Daily Symbiotic. Hopefully by now you understand that your microbiome and your gut health are one of the most important modifiable parts of your health. You know, your gut microbiome is connected to everything, your brain health, your cardiac health, your metabolic health. So the question is, what are you doing to optimize your gut? Let me take a moment to tell you about what I'm doing.

• 48:48Peter Diamandis?

  Every day I take two capsules of Seed DS01 Daily Symbiotic. It's a two in one pro. Probiotic and prebiotic formulation that supports digestive health, gut health, skin health, heart health, and more. It contains 24 clinically and scientifically proven probiotic strains that are delivered in a patented capsule that actually protects the contents from your stomach acid and ensures that 100% of it is survivable, reaching your colon. Now, if you want to try Seed DS01 Daily Symbiotic for yourself, you can get 25% off your first month's supply by using the code PETER25 at checkout. Just go to seed.com/moonshots and enter the

• 49:31Peter Diamandis?

  code PETER25 at checkout. That's seed.com/moonshots and use the code PETER25 to get your 25% off the first month of Seed's Daily Symbiotic. Trust me, your gut will thank you. All right, let's go back to the episode. You know, you and I are both huge believers in Bitcoin. Let's take the conversation there. We were on stage together at an X Prize event and like every other sentence, like, "Buy Bitcoin, buy Bitcoin." Let's take a look at a couple of images that are for fun. This is from Bitcoin Magazine on X, and it's an article here that says, "The Internet may be just a passing fad

• 50:10Peter Diamandis?

  as millions give up on it." I don't... I think their point is Bitcoin is not a passing fad. And I'm going to share one more video here. I love this video. This is back in 2013. By the way, kudos to you, buddy. You're the first person I ever heard speak about Bitcoin. It was during one of your talks at Singularity University, and you're talking about Bitcoin. It was probably 2012 when you were first starting to talk about it. Fair enough?

• 50:46Speaker 04

  No, we were giving out Bitcoin at SU in 2011.

• 50:50Peter Diamandis?

  Okay.

• 50:51Speaker 04

  Brad Hamilton was giving it out kind of as a joke, but people didn't understand it then. And frankly, we barely understood it then.

• 50:58Peter Diamandis?

  Yeah. Let me, let me play this, this video. Take a look.

• 51:02Speaker 07

  I'm right here, watching history be made. Bitcoin is now up to $111.

• 51:12Speaker 07

  It's an all-time high and it's continuing to rise. I've seen it break three times today. It went up to 110 and this is the highest that it's been. It's ridiculous.

• 51:20Peter Diamandis?

  Highest it's been, ridiculous. What you would do with a time machine? Go back, buy Apple stock early, buy Bitcoin early?

• 51:29Speaker 04

  This is why we know that time machines don't exist because there's so many obvious arbitrages, right? I was talking to an old friend this morning and she said, I said, "When did we last chat? It's been a while." She goes, "Yeah, we last chatted when you told me to buy Bitcoin. It was 3,500 a coin." I thought, "Wow, that was a long time ago." This is just a kind of the most incredible thing for me. I've watched Bitcoin go from 5 cents to 50 cents to $5 to $50 to $500 to $5,000 and now $50,000. And it's just the most unbelievable, but it's very clear, the pattern and it's very clear

• 52:12Speaker 04

  why. I think it's a complete arbitrage on broad awareness and intelligence of what's going on in the world.

• 52:20Peter Diamandis?

  Yeah, I'm gonna have Mike Saylor this year at the Abundance Summit. We're gonna go deep on...

• 52:25Speaker 04

  Nobody better.

• 52:26Peter Diamandis?

  Nobody better, right? One of the largest holders. I guess the ETFs now have more Bitcoin than him as a corporation, but as a private, you know, as a, not a private company, but as a non-ETF company, he's been just all in. And I, kudos to him, you know, he's, first of all, people should know, he's a fraternity brother of mine from MIT, my undergraduate years. We were basically living together. He was AeroAstro as well. And I met with him a few years ago and he told me the story of his Bitcoin logic. And he basically went through the logic chain of what it is as a store of wealth,

• 53:07Peter Diamandis?

  why it's immutable, why it's energy, how it's gonna go. And once he reached the conclusion that...

• 53:15Peter Diamandis?

  It is going to become the dominant mechanism for storing wealth and isn't going to be dropping off a cliff. He just went all in over and over and over again, convinced his board of a public company, which is a big deal and hasn't turned back. And he's laughing all the way to the bank in this one.

• 53:38Speaker 04

  Well, here's one of the calculations I've heard him talk about. If 1% of Fortune 1000 CFOs put their treasury, if Fortune 1000 CFOs put 1% of their treasury into Bitcoin, you'd end up in a million dollars of Bitcoin.

• 53:55Peter Diamandis?

  Yeah. And there's lots of arguments. I had Kathy Wood on stage with me at the Abundance Summit a couple of years ago. I'm about to do a podcast with her. And same thing, her calculations have it targeting somewhere between a million to $5 million of Bitcoin. And this is a figure that she posted on X that looks at Bitcoin's hash rate. It's an all time high, which is pretty amazing of 500 X of hashes per second. And this is a signal of transaction and demand because a lot of the Bitcoin is not being is not being traded, it's being hashed and created.

• 54:38Speaker 04

  Yeah, and held.

• 54:40Peter Diamandis?

  And held.

• 54:41Speaker 04

  I think, you know, there's some great points here. One of them is about two years ago, we crossed more than 50% of Bitcoin energy usage was renewable. And almost all Bitcoin mining energy is marginal energy. That's like a hydroelectric dam that's not being used fully and they use the rest of it for Bitcoin mining. And so there's some incredible things there. I think, can we step back and just give some foundational rationale here?

• 55:10Peter Diamandis?

  Please, yes.

• 55:11Speaker 04

  One is, we have 200 fiat currencies.

• 55:15Speaker 04

  That are terrible to manage a global world.

• 55:18Peter Diamandis?

  Define a fiat currency for folks.

• 55:20Speaker 04

  Fiat currency is the US dollar, the Argentinian peso, the euro. We're a country or region.

• 55:27Peter Diamandis?

  It's made up by government. It's not backed by anything.

• 55:29Speaker 04

  That's right. It's by fiat, by government fiat, the decree that that currency operates. And the destruction of monetary value, I think you have a graph on that that's worth looking at. The destruction of value in the US dollar is kind of unbelievable to see over a period of time.

• 55:48Peter Diamandis?

  Here we go. So check this out. Yeah. Go ahead and tell us what this means.

• 55:52Speaker 04

  So what this means is that we, and there's a massive blip if you look at like the, from the, from 1960s, it kind of took its last big collapse downward, right? There was some dips in the, in the, in the depression, et cetera. Essentially, we've been, when we floated the US dollar, Nixon did it, he floated the US dollar off the gold standard and made it a truly floating currency. They did not realize that at the time the technology was deflationary, that your thousand dollar TV will only be worth $500 in a year and you could buy the same thing for $250 a year after. Right? And the problem that you have with fiat currencies is they use debt to grow the economy.

• 56:36Speaker 04

  So Jeff Booth talks about this in his book called The Power of Now. And he made the staggering observation that over the last 50 years, every dollar increase in global GDP came with a $4 increase in global debt. So we're glorying the global economy with debt, which is absolutely not sustainable. And if technology is deflationary, you can borrow money and then pay it back because you have to pay back that much more money. And the whole system at some point will implode. And so that basically gives a rationale for a, a deflationary currency that doesn't do this, which is where Bitcoin fits in. And not by accident was Bitcoin created during the, the 2008 financial crisis when we just printed a ton of money to save all the banks.

• 57:20Peter Diamandis?

  Wow. And as I'm reading this, Bitcoin is at $49,700.

• 57:26Speaker 04

  Tipped over 50K this morning.

• 57:28Peter Diamandis?

  Yeah, amazing.

• 57:29Speaker 04

  And Vincent Durani, one of our community members, talks about this. He says this is the biggest asymmetric bet in human history. It's either going to go to a million dollars of Bitcoin, or it's going to zero. And you're at 50K now. So if you buy into it, you may lose 50K, but the upside is so much bigger that you're crazy not to dabble.

• 57:49Peter Diamandis?

  You know, it's, the question is whether governments will try, they will try, or succeed in making it illegal.

• 57:57Speaker 04

  So, I've, can I rant for a second?

• 58:00Peter Diamandis?

  Yeah, of course.

• 58:01Speaker 04

  They have been trying, they have been trying for ages, okay? There are three things that are notable here. One is, just over the last few days, a key figure at the Federal Reserve was asked about Bitcoin. He's like, "Oh, it'll never succeed because you can't use it for payments." Well, those, those, how can I say this politely? Those bastards taxed every Bitcoin transaction and every crypto transaction as property, so it's a taxable transaction, meaning you're prevented from using it as a currency. So they're complaining that you can't use it as a currency because they've actually implemented it that way. What they've been doing is trying to tax and slow down the on-ramps and off-ramps of crypto.

• 58:42Speaker 04

  Right? So a lot of the, the banks that collapsed last year were intentionally forced to close by the government because they're active crypto trading banks. So the government is trying to slow it down. The best argument I've seen against this is, is actually, especially in the US, is First Amendment. So when I send you a Bitcoin, I'm actually sending you an alphanumeric text of string of numbers, which is First Amendment.

• 59:07Peter Diamandis?

  Freedom of speech.

• 59:08Speaker 04

  Freedom of speech. So how I interpret, how you interpret that string of numbers is up to you. So it's, it's completely not stoppable in the US. The, the banks and the financial system were desperately trying to slow it down as much as possible. But the need for it in global trade and intercompany thing is just crazy. I'm on the advisory board of a weird alternative SDR type currency. And the founder of it noted a really amazing transaction where a big jet, a big engine company sold a hundred million dollars worth of jet engines to a country and took as payment 150 million dollars worth of frozen chickens for these jet engines.

• 59:49Speaker 04

  And the extra 50% was now you have to deal with containers of frozen chickens. But the rationale behind it was that... Governments hate foreign reserves leaving their shores. So they put all these capital controls on it, et cetera, et cetera. And it really is, global trade is almost run at the big transaction level, run more on a barter system than anything else. So you really, really need something like Bitcoin just to manage all of that going forward.

• 1:00:16Peter Diamandis?

  Amazing.

• 1:00:19Peter Diamandis?

  You know, I do believe that there is a future where it's all digitized. Every, I mean, when I have cash in my pocket, it's kind of funny to look at the cash, right? I no longer use coins anymore. And I've talked about and written about, and we've talked about the six Ds of exponentials, that when you digitize something, it's a slow deceptive initial growth and it becomes disruptive. It dematerialized, demonetizes and democratizes. And so Bitcoin is the digitization of currency of wealth. And it's, we are in the process of dematerializing the banks and our monetary systems so we can democratize and make it available.

• 1:01:02Speaker 04

  It goes back to the comment we made in the last podcast about, I want to write more about this, but it's permissionless disruptive innovation that we can now do for the first time. Nobody asks permission for Bitcoin or Ethereum, and yet they're taking over the world from a finance perspective, right? And if governments could find any way of stopping it, they would, but you can't actually regulate these in any easy way.

• 1:01:26Peter Diamandis?

  Yeah. Here is a little story from this morning. Let's check it out.

• 1:01:34Speaker 08

  Welcome back to Squawk Box. The price of Bitcoin crossing back over the $48,000 level over the weekend, one month this after the launch of the Spot Bitcoin ETF.

• 1:01:42Peter Diamandis?

  Anyway, it's, it's gonna be something which we may look back at this and say, wow, it used to be that cheap. And we'll start talking about Satoshi's versus Bitcoin.

• 1:01:57Speaker 04

  That's right. I think it's absolutely going to happen. It's, you know, I've mentioned to you, watching it go from five cents to 50 cents. I finally got the gumption to buy into it at $500, right? And you have no idea how many friends I have that mined Bitcoin at five cents of Bitcoin and then lost the hard drive. It's like unbelievable crocodile tears of people losing the hard drives or losing their private keys. Because, and literally about 20% of Bitcoin will never be recovered because of that. But as people lose trust in the existing monetary systems, it's all one big spiral downwards. The only tool left to central banks today is to print more money. Right?

• 1:02:39Speaker 04

  And so this all adds to Bitcoin as a hedge against central banks printing a ton of money, which is what we've been doing forever. I mean, what was the stat? We printed 40% of all the US dollars in existence in, during the pandemic.

• 1:02:52Peter Diamandis?

  Yeah.

• 1:02:52Speaker 04

  Right? Naturally, you're going to have inflation and prices are going to go up 40%.

• 1:02:56Peter Diamandis?

  Well, I mean, that's what, that's what this chart of, you know, buying power as you print more money, the buying power of the dollar is just diminishing. And one of the things is you put in real estate, but when you're paying real estate taxes, that's diminishing the value because it just can't hold it. And so there's very few things where you can actually maintain that, that store of wealth and Bitcoin is, is one of them. And, uh, you know, do you, go on.

• 1:03:29Speaker 04

  I, I want to make one more comment about Bitcoin versus the altcoins. That's, that's very powerful. This again goes back to Jeff Booth, who I think of as the, as the, as the chief economist of the abundance era of the crypto, or he's just like incredibly smart about this. So there's three triangular points on digital currencies that are important. Security, scalability and decentralization. Those are three points that you have to hit to have a decent cryptocurrency. And what Bitcoin did for the first time in human history, it hit us decentralization and security at the same time. And that was incredibly powerful. And except it didn't solve for scalability. So you had all these altcoins pop up to try and solve the scalability problem.

• 1:04:13Speaker 04

  But in doing so, they compromised on either decentralization or security. And we saw FTX collapse. We saw Luna collapse as a result of that. But now because of the Lightning Network, Bitcoin has solved scalability. So now the smartest people I know are putting all their chips on Bitcoin. Everything else is a gamble and this is a sure bet. And that's, I think, really interesting to mention.

• 1:04:37Peter Diamandis?

  Yeah, one of the things that Michael Sato will be talking about with us, I think it's on March 19th, is his Lightning Rewards. And what he's done is he's built a system at Micro Strategies where if you're an employee and you show up to a meeting on time, you get, you know, a few satoshis. If you take the, you know, the HR learning course, you get a few satoshis. It's basically rewarding you in cryptocurrency at a, you know, a fraction of a Bitcoin, a satoshi, for every correct action that you take. And fascinating idea.

• 1:05:15Speaker 04

  Which is great if you have 5,000 Bitcoins in your treasury. It's harder for other people that they have to go now buy the Bitcoins.

• 1:05:22Peter Diamandis?

  Well, I think he's got a lot more than 5,000 Bitcoins in his treasury.

• 1:05:25Speaker 04

  I know, I know.

• 1:05:28Peter Diamandis?

  Well, buddy, listen, a fun, a fun week. I'm still stunned by $7 trillion fundraise. Let's see how far it gets.

• 1:05:37Peter Diamandis?

  Apple Vision Pro, kudos to Apple for another amazing product. And AI every week. And you know what? We're still at the very beginning of our AI journey, aren't we?

• 1:05:54Speaker 04

  Oh, very, very beginnings. I mean, look, it's, it's, evolution is intelligence developing, evolving, right? And I think we're hitting a point where now we develop intelligence at an exponential rate. And that's just gonna, it's just, it is just the beginning. How do we talk about it in the book? The Cambrian explosion has hit and now we've got a bunch of little furry generative AI mammals running around.

• 1:06:19Peter Diamandis?

  Yeah, it's interesting to think about, you know, we think about Apple and Google and Microsoft and Nvidia. And 10 years from now, there'll be 100 of those trillion dollar companies that we've never heard of yet.

• 1:06:33Speaker 04

  Yeah.

• 1:06:35Speaker 04

  They're gonna pop up out of nothing very, very quickly.

• 1:06:38Peter Diamandis?

  Yeah. All right, buddy.

• 1:06:40Speaker 04

  Quick prediction, where do you think Bitcoin will be the next time we do an episode?

• 1:06:44Peter Diamandis?

  Oh, I think it'll dip back down a little bit. I hope it will, so I can buy more. And but I'm not going to time it. I'm not going to time it. I think, you know, I I had bought Bitcoin as high as when it was near 60 last time. And so I think I think we could see it at 60.

• 1:07:03Peter Diamandis?

  I predict 70. 70. All right. Sounds like you're going to be buying soon. All right. Good to see you, buddy. Likewise. See you again next time. Take care.

• 1:07:23Speaker 09

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