[
  {
    "start": 0.06,
    "end": 4.68,
    "text": "The advantage is always on the side of the offense, not the defender."
  },
  {
    "start": 5.74,
    "end": 8.7,
    "text": "Because they only have to find one hole you have to patch every single hole."
  },
  {
    "start": 9.76,
    "end": 10.92,
    "text": "it's a much harder job."
  },
  {
    "start": 13.56,
    "end": 14.48,
    "text": "Hello, everybody."
  },
  {
    "start": 14.78,
    "end": 20.24,
    "text": "Welcome to the Big Bang Tech Report and welcome my co-host Alvin van Greiland!"
  },
  {
    "start": 20.32,
    "end": 21.18,
    "text": "Hey, Alvin."
  },
  {
    "start": 21.3,
    "end": 21.86,
    "text": "Good to see you."
  },
  {
    "start": 22.64,
    "end": 25.46,
    "text": "Yes it's our two week tradition."
  },
  {
    "start": 26.08,
    "end": 26.28,
    "text": "Yeah"
  },
  {
    "start": 26.86,
    "end": 33.22,
    "text": "And your smiling for a good reason because yeah You are professor right now A real Professor."
  },
  {
    "start": 33.58,
    "end": 34.92,
    "text": "Please tell us what is going on."
  },
  {
    "start": 35.94,
    "end": 42.78,
    "text": "Yeah, so I recently joined the University of Washington as an affiliate professor and now teaching AI technology policy at this school."
  },
  {
    "start": 42.92,
    "end": 46.06,
    "text": "It's a joint program between The Engineering School in the Policy School."
  },
  {
    "start": 46.12,
    "end": 51.0,
    "text": "So it'll be fun program where we're working on real-world projects."
  },
  {
    "start": 51.68,
    "end": 53.9,
    "text": "Yeah, so we were probably projects."
  },
  {
    "start": 53.94,
    "end": 59.24,
    "text": "that means you learn something from the students and you teach something to the students."
  },
  {
    "start": 59.98,
    "end": 66.6,
    "text": "And actually we're working with real policymakers at the city state and federal levels who are doing real policy."
  },
  {
    "start": 66.74,
    "end": 69.04,
    "text": "So will be working within this tree as well."
  },
  {
    "start": 69.1,
    "end": 72.14,
    "text": "is with government At the same time"
  },
  {
    "start": 72.74,
    "end": 72.84,
    "text": "yeah?"
  },
  {
    "start": 75.44,
    "end": 76.06,
    "text": "I will follow You."
  },
  {
    "start": 76.18,
    "end": 77.4,
    "text": "We Will See What's Going on."
  },
  {
    "start": 77.88,
    "end": 87.1,
    "text": "i think it starts in January But for this time, or this time we have a good show with a lot of news and a lot interesting."
  },
  {
    "start": 87.16,
    "end": 90.76,
    "text": "We talk about Apple, we talked about Anthropaq so on in China."
  },
  {
    "start": 91.78,
    "end": 93.34,
    "text": "So let's start!"
  },
  {
    "start": 93.82,
    "end": 95.14,
    "text": "Let's start with Anthropax."
  },
  {
    "start": 95.72,
    "end": 103.42,
    "text": "They plan to go public And yesterday or few hours before they had some breaking"
  },
  {
    "start": 103.82,
    "end": 103.94,
    "text": "news."
  },
  {
    "start": 104.44,
    "end": 105.96,
    "text": "Andrappek goes to Wall Street."
  },
  {
    "start": 106.18,
    "end": 113.84,
    "text": "Today the IPO filling went public and Nasdaq Tikka is ANT, so do we have... Let"
  },
  {
    "start": 114.08,
    "end": 115.2,
    "text": "me correct you really quickly."
  },
  {
    "start": 115.44,
    "end": 116.2,
    "text": "they didn't go public."
  },
  {
    "start": 116.26,
    "end": 122.56,
    "text": "They filed their S-One to be reviewed but I think they're planning on going public in next month or so."
  },
  {
    "start": 125.16,
    "end": 131.18,
    "text": "But we were astonished about what they are telling us, their business modeling is doing."
  },
  {
    "start": 131.66,
    "end": 134.34,
    "text": "They have a lot of losses but they have profits too."
  },
  {
    "start": 134.46,
    "end": 140.6,
    "text": "and please tell us do we have to sign maybe one day not now the share?"
  },
  {
    "start": 142.32,
    "end": 144.9,
    "text": "Yeah, so I mean it's a very long prospectus."
  },
  {
    "start": 145.08,
    "end": 146.52,
    "text": "It's over two hundred pages."
  },
  {
    "start": 146.62,
    "end": 153.5,
    "text": "but and of that i think there was ninety pages of risk disclosures Of all the problems they can cause in the world."
  },
  {
    "start": 153.56,
    "end": 157.38,
    "text": "So I think by itself is something we need to be a little bit concerned about."
  },
  {
    "start": 157.62,
    "end": 169.26,
    "text": "Um...it-It Was interesting To see That um..they've raised Over one hundred forty billion dollars And They still have Something like one hundred thirty billion In The bank or some in the banks Some in investments."
  },
  {
    "start": 169.8,
    "end": 177.24,
    "text": "But that shows, at least they've been relatively conservative in how their spending the money."
  },
  {
    "start": 177.36,
    "end": 196.52,
    "text": "What it also shows is if you have something like four or five hundred billion dollars of committed debt of spending over next ten years which A lot of people are interpreting this as, wow they're really efficient in terms of a company and operating."
  },
  {
    "start": 197.72,
    "end": 204.42,
    "text": "Some of what I am interpreting is that they are keeping a lot of cash but their spending a lot stock."
  },
  {
    "start": 204.54,
    "end": 217.78,
    "text": "so they had something like eighty billion dollars losses essentially stocks that they offer to customers, to investors."
  },
  {
    "start": 218.82,
    "end": 220.06,
    "text": "That rose in value."
  },
  {
    "start": 220.96,
    "end": 229.62,
    "text": "but what that tells me is that They want to conserve cash because they feel like cash Is going to be increasingly important."
  },
  {
    "start": 229.68,
    "end": 236.28,
    "text": "if you really believed In the value of your stock You would spend your cash and not sell your stock."
  },
  {
    "start": 236.7,
    "end": 247.26,
    "text": "But when you give away your stock in exchange What that tells me is you believe fairly or overvalue today in your stock."
  },
  {
    "start": 248.22,
    "end": 266.56,
    "text": "Otherwise, you wouldn't do that and then need to have cash because there's going be a major market correction And in some ways, I think that's actually a smart move considering all the signs out there."
  },
  {
    "start": 267.04,
    "end": 269.3,
    "text": "That market is overvalued."
  },
  {
    "start": 270.04,
    "end": 274.36,
    "text": "so using overvalue stocks to pay for things Is the right thing?"
  },
  {
    "start": 274.42,
    "end": 286.16,
    "text": "To do and if There is a major correction then having cash on your hands allows them to buy assets You know an maybe by companies at A very cheap"
  },
  {
    "start": 286.24,
    "end": 286.56,
    "text": "price."
  },
  {
    "start": 287.38,
    "end": 289.84,
    "text": "You are more or less, how do we call it the black swan?"
  },
  {
    "start": 291.82,
    "end": 299.6,
    "text": "Because always you're predicting last time at Big Bang AI Festival that there will be a major market correction."
  },
  {
    "start": 300.2,
    "end": 300.56,
    "text": "And"
  },
  {
    "start": 303.32,
    "end": 303.7,
    "text": "Yeah, yeah."
  },
  {
    "start": 303.8,
    "end": 308.5,
    "text": "So I mean i'm not saying it's going to happen tomorrow but like I said before in the next year right?"
  },
  {
    "start": 308.56,
    "end": 311.52,
    "text": "In the next six or twelve months there will be a correction."
  },
  {
    "start": 311.56,
    "end": 320.32,
    "text": "because just all the fundamentals are pointing to uh the stocks being overvalued compared to what is delivering today."
  },
  {
    "start": 320.6,
    "end": 325.94,
    "text": "and as I've always said I am a big believer in the technology and its ability to bring value to society."
  },
  {
    "start": 326.6,
    "end": 335.46,
    "text": "But any technology takes time Any general purpose technology flow through the economy and so it will flow through to companies."
  },
  {
    "start": 335.52,
    "end": 336.44,
    "text": "To bring real value,"
  },
  {
    "start": 337.56,
    "end": 350.42,
    "text": "And we see right now that then big AI companies that they are investing the hell of money in data centers on all this stuff except one company That's Apple."
  },
  {
    "start": 351.02,
    "end": 355.64,
    "text": "everybody said okay apple is far away from It has lost a race."
  },
  {
    "start": 355.8,
    "end": 358.06,
    "text": "and uh where apple Is?"
  },
  {
    "start": 358.2,
    "end": 360.04,
    "text": "um On The Wrong Road."
  },
  {
    "start": 360.64,
    "end": 364.38,
    "text": "But yeah, what do you think about Apple?"
  },
  {
    "start": 364.46,
    "end": 366.7,
    "text": "What do you thing about the strategy of apple."
  },
  {
    "start": 367.94,
    "end": 374.06,
    "text": "Yeah I mean we talked a little bit about this maybe a couple months ago but my views really haven't changed."
  },
  {
    "start": 374.76,
    "end": 386.38,
    "text": "ii think that they had this strategy of trying to do something with AI and then it didn't work And They just Didn't Really Execute on Something To Work Around It."
  },
  {
    "start": 387.92,
    "end": 392.38,
    "text": "And in some ways, the lack of a strategy was very lucky for them."
  },
  {
    "start": 394.38,
    "end": 408.06,
    "text": "At least on the software side and then allow them to reap the value what all the other companies have spent hundreds of billions of dollars creating and they can pick and choose whichever model is best without having to invest into it."
  },
  {
    "start": 409.02,
    "end": 420.88,
    "text": "In some ways I think that makes sense right now particularly as models themselves are becoming commoditized And there are dozens of models that are all fairly equivalent."
  },
  {
    "start": 421.2,
    "end": 425.6,
    "text": "If that's the case, then the real value and moat is not in the model."
  },
  {
    "start": 426.08,
    "end": 437.2,
    "text": "The real value will be your connection to your customer, data you have about your customers or trust built with them which Apple has a lot of."
  },
  {
    "start": 438.08,
    "end": 452.66,
    "text": "It also has edge-based compute for small models at your laptops or on your phones, which they've built over the last almost ten years."
  },
  {
    "start": 452.94,
    "end": 458.28,
    "text": "And I think that's something that positions them very well for what is coming."
  },
  {
    "start": 458.7,
    "end": 467.16,
    "text": "Yeah and i have read something that says that Apple's strategy is very smart first while they buy are they cooperate with Google?"
  },
  {
    "start": 467.9,
    "end": 471.86,
    "text": "And the second one is that with iPhone, you have your data center."
  },
  {
    "start": 472.1,
    "end": 473.5,
    "text": "You'll have your electricity."
  },
  {
    "start": 474.24,
    "end": 479.94,
    "text": "Everybody at home at night is supporting Apple with electricity so they do not..."
  },
  {
    "start": 483.98,
    "end": 496.46,
    "text": "So if we look at every other company in this industry their free cash flow has gone to almost zero or some had gotten negative because they're investing But Apple has not."
  },
  {
    "start": 496.62,
    "end": 516.62,
    "text": "And they've continued to just invest in their product and the research for that product, which is an order of magnitude less in terms of absolute value—which I think it's a right strategy because they have continued to maintain strong relationship with trust with customer base over billion customers."
  },
  {
    "start": 517.4,
    "end": 522.64,
    "text": "So you believe that Apple will be the winner with this, I don't know if it is a strategy."
  },
  {
    "start": 522.74,
    "end": 525.82,
    "text": "If there's a strategy of emergency strategy?"
  },
  {
    "start": 525.86,
    "end": 526.84,
    "text": "Yeah!"
  },
  {
    "start": 527.04,
    "end": 535.04,
    "text": "I think its an emergent strategy not an emergency strategy because It came out of accidental happenings."
  },
  {
    "start": 536.18,
    "end": 541.4,
    "text": "but again they've kept going with which i think as smart move"
  },
  {
    "start": 542.26,
    "end": 544.46,
    "text": "A strategy without a burning rate of money."
  },
  {
    "start": 545.96,
    "end": 554.52,
    "text": "But even Elon Musk, he warns that the next year or I don't know when there will be major correction."
  },
  {
    "start": 555.08,
    "end": 555.78,
    "text": "and what do you say?"
  },
  {
    "start": 556.92,
    "end": 557.8,
    "text": "Yeah!"
  },
  {
    "start": 558.5,
    "end": 570.04,
    "text": "He tweeted something couple days ago with quite a lot people's attention compute and data centers, and Neoclouds have dried up."
  },
  {
    "start": 570.14,
    "end": 574.04,
    "text": "There is now no more money for these companies to get"
  },
  {
    "start": 574.64,
    "end": 575.02,
    "text": "loans.\"."
  },
  {
    "start": 575.26,
    "end": 595.88,
    "text": "And I think this an important piece of data for people to understand because right now pretty much all the neocloud that are building you know, multi-billion dollar data centers are doing it by borrowing money and they've been able to borrow money for very low interest rates."
  },
  {
    "start": 596.74,
    "end": 610.82,
    "text": "Now that interest rate has gone up dramatically companies like CoreWeave now are essentially rated at distress assets which is over twenty percent discount over the face value."
  },
  {
    "start": 611.46,
    "end": 626.64,
    "text": "That's a sign There's gonna be major issues because there's over three hundred of these companies And if they cannot get money to finance what their building some Of what your building will be half built and it'll stop Some of them."
  },
  {
    "start": 626.74,
    "end": 636.26,
    "text": "We'll have built facilities, but they can't finance it continually without getting additional loans cuz It takes years too to recoup Their investments."
  },
  {
    "start": 637.4,
    "end": 641.34,
    "text": "One company was benefiting from all this system is NVIDIA."
  },
  {
    "start": 641.76,
    "end": 650.18,
    "text": "And Jensen Wang, who was here in Germany last week and he was treated like I don't know a messiah or something like that?"
  },
  {
    "start": 650.78,
    "end": 655.96,
    "text": "Even the German government is investing in NVIDia chips as they said."
  },
  {
    "start": 656.06,
    "end": 659.82,
    "text": "okay now we are coming back with AI will come."
  },
  {
    "start": 660.4,
    "end": 661.7,
    "text": "so what do you think?"
  },
  {
    "start": 661.76,
    "end": 662.46,
    "text": "well how's it going."
  },
  {
    "start": 662.5,
    "end": 664.38,
    "text": "What does the role of Jensen wang in this game?"
  },
  {
    "start": 664.94,
    "end": 670.86,
    "text": "Yeah, you know like they said whenever there's a gold rush is the people who sell the picks and shovels that make them money."
  },
  {
    "start": 671.44,
    "end": 673.0,
    "text": "And then That's what Jensen doing."
  },
  {
    "start": 673.16,
    "end": 677.36,
    "text": "he He is selling to tools that powers all their data centers in all the labs?"
  },
  {
    "start": 678.06,
    "end": 697.52,
    "text": "So when The majority of the revenues right now in this industry is coming from these companies selling each other Eighty percent of the funding, of the customers for tokens right now are being bought by people funded by venture capitalists."
  },
  {
    "start": 698.16,
    "end": 700.9,
    "text": "That really shows that there's a lot of insularity."
  },
  {
    "start": 703.36,
    "end": 705.44,
    "text": "circular finance is happening."
  },
  {
    "start": 705.84,
    "end": 716.0,
    "text": "so you have chips being sold to these companies and then they're also investing in this company taking their investments and then putting it back into buying more chips."
  },
  {
    "start": 716.52,
    "end": 725.02,
    "text": "And same for the data centers are investing in the models, uh, In the air labs of the labs or them buying compute a bag from the hyper scalars."
  },
  {
    "start": 725.36,
    "end": 736.5,
    "text": "so these things only work so long until unless real customers from outside of industry out side up technology starts to buy."
  },
  {
    "start": 736.94,
    "end": 747.0,
    "text": "right now pretty much everybody who is paying real money AI tokens are in the technology space and that is a very concentrated set."
  },
  {
    "start": 747.1,
    "end": 753.38,
    "text": "In fact, I think they said one percent of their customers for Anthropic accounted for eighty to ninety percent at the total revenues."
  },
  {
    "start": 754.86,
    "end": 757.18,
    "text": "That's over concentration."
  },
  {
    "start": 758.16,
    "end": 762.9,
    "text": "And five customers accounted for something like twenty-one or twenty two percent of your total revenue."
  },
  {
    "start": 762.98,
    "end": 766.32,
    "text": "So just a few customers accounting for billions of dollars of revenue."
  },
  {
    "start": 767.48,
    "end": 776.34,
    "text": "you know every quarter which Can't can be an issue if any of those customers Start to slow down their purchase."
  },
  {
    "start": 776.86,
    "end": 779.5,
    "text": "and there was another news billionaire Ken Griffin."
  },
  {
    "start": 779.66,
    "end": 781.06,
    "text": "I don't know him very well, you know him."
  },
  {
    "start": 781.7,
    "end": 782.22,
    "text": "Yeah a"
  },
  {
    "start": 783.8,
    "end": 784.3,
    "text": "citadel he's."
  },
  {
    "start": 784.34,
    "end": 785.02,
    "text": "the CEO said it."
  },
  {
    "start": 785.06,
    "end": 787.42,
    "text": "He is a very famous private equity firm."
  },
  {
    "start": 788.08,
    "end": 793.04,
    "text": "Okay, and TV his verdict this GPUs are like empty airline seats."
  },
  {
    "start": 793.54,
    "end": 794.5,
    "text": "what does he mean with that?"
  },
  {
    "start": 795.86,
    "end": 804.1,
    "text": "What he means is that pricing on airline seats are very dynamic because once a plane takes off if it's empty, its zero value to the airline."
  },
  {
    "start": 804.62,
    "end": 806.94,
    "text": "And this is the issue with data centers."
  },
  {
    "start": 807.76,
    "end": 816.16,
    "text": "If data sensors have chips that are not sold they are essentially A cost-to-the-data center but doesn't create additional value."
  },
  {
    "start": 816.22,
    "end": 817.04,
    "text": "and what that means?"
  },
  {
    "start": 817.1,
    "end": 821.84,
    "text": "Is there high incentive for the airlines to sell that seat, or even a dollar?"
  },
  {
    "start": 821.94,
    "end": 822.54,
    "text": "they're making money."
  },
  {
    "start": 823.64,
    "end": 833.6,
    "text": "Whereas same with data centers if their utilization goes down They will sell it too For whatever price It is To get one more customer in."
  },
  {
    "start": 834.7,
    "end": 852.12,
    "text": "And right now at The rate we are building these data centers The amount of compute that is increasing, it's on the order of two to three x new compute every year in terms of just New energy."
  },
  {
    "start": 852.7,
    "end": 866.72,
    "text": "But then when you look at that and you can you then multiply times the efficiency gains of the new chips You're getting on an order probably five to ten times additional Compute capabilities are going online every year."
  },
  {
    "start": 867.3,
    "end": 876.46,
    "text": "That really increases the total volume of compute that is coming online and people don't realize how big a change that is."
  },
  {
    "start": 877.14,
    "end": 883.8,
    "text": "Yeah, now we see an AI price price war?"
  },
  {
    "start": 883.88,
    "end": 888.94,
    "text": "Well, we see it in our every show more or less that intelligence gets cheaper and cheaper."
  },
  {
    "start": 889.66,
    "end": 890.88,
    "text": "And China strikes back."
  },
  {
    "start": 890.98,
    "end": 892.98,
    "text": "deep seek cheaper faster leaner."
  },
  {
    "start": 893.56,
    "end": 895.0,
    "text": "Silicon Valley is under pressure."
  },
  {
    "start": 895.5,
    "end": 897.62,
    "text": "so where are we right now?"
  },
  {
    "start": 897.82,
    "end": 901.62,
    "text": "do you see that China's accelerating this price war?"
  },
  {
    "start": 903.8,
    "end": 908.52,
    "text": "I mean, clearly deep-seek is their new model's very good."
  },
  {
    "start": 909.12,
    "end": 916.96,
    "text": "The model they released on the seventeenth of October Is one of the highest performing models and one of most efficient models."
  },
  {
    "start": 917.52,
    "end": 926.76,
    "text": "And a few days later They release their inference stack which is the harness that they use To to run the operations of their systems?"
  },
  {
    "start": 927.38,
    "end": 938.54,
    "text": "One of the numbers That came with that release was at there making something like thirty eight dollars of revenue per GPU hour that they are serving their models."
  },
  {
    "start": 939.8,
    "end": 962.46,
    "text": "That is far, far bigger than most people realize because right now the rate of rental rates for these GPUs or something around five to seven dollars an hour and you're able And their prices per token is a small fraction, maybe ten or twenty percent the price of leading front-tier models and they're able to make this."
  },
  {
    "start": 962.9,
    "end": 964.3,
    "text": "What that tells the world?"
  },
  {
    "start": 964.42,
    "end": 976.76,
    "text": "it's at... The prices for rental GPUs will probably go up near term which is good for the hyperscalers but its actually bad for the labs who are serving them because there cost would continue to go up."
  },
  {
    "start": 977.52,
    "end": 991.16,
    "text": "uh..and pricing pressure between the lab will continue push the token prices down And at some point, you know the margins that are being seen today will not be achievable."
  },
  {
    "start": 991.38,
    "end": 1009.2,
    "text": "It's also important to understand that the efficiencies of large frontier models or significantly less than the deficiencies of deep-seq models so they're going to generate as much per GPU just because a model is bigger and take longer run then more CPUs."
  },
  {
    "start": 1010.68,
    "end": 1025.68,
    "text": "And then you see that companies like Accenture, they have news and don't want to pay more than I think twenty eight dollars or twenty nine dollars a month for AI per employee."
  },
  {
    "start": 1026.3,
    "end": 1032.06,
    "text": "You'll see there nobody wants to pay everything on the amount of AI."
  },
  {
    "start": 1033.18,
    "end": 1036.72,
    "text": "Yeah, I mean this is just true across the board for all of the companies."
  },
  {
    "start": 1036.76,
    "end": 1041.839,
    "text": "You know earlier This year there was a frenzy to spend as much money as possible because that Was assigned."
  },
  {
    "start": 1042.06,
    "end": 1044.46,
    "text": "you are very AI forward."
  },
  {
    "start": 1045.3,
    "end": 1056.66,
    "text": "Now everybody's realizing hey it takes time months or years For this technology to show value in your company Because we have to reorganize The workflow of the company."
  },
  {
    "start": 1057.3,
    "end": 1060.04,
    "text": "and now they're saying Hey We need to cut back."
  },
  {
    "start": 1062.54,
    "end": 1069.26,
    "text": "So having a budget per employee is probably going to be very common, going forward."
  },
  {
    "start": 1069.6,
    "end": 1074.4,
    "text": "Yeah and now but we see that AI's getting better and better."
  },
  {
    "start": 1074.48,
    "end": 1076.24,
    "text": "That still improving?"
  },
  {
    "start": 1076.3,
    "end": 1077.38,
    "text": "Is it true yeah?"
  },
  {
    "start": 1079.26,
    "end": 1088.12,
    "text": "Every day We've seen new models And each model has better capabilities Better benchmark scores You know higher knowledge longer time for independent running etc."
  },
  {
    "start": 1088.98,
    "end": 1093.8,
    "text": "And with this development, we see that AI is becoming more and more a weapon."
  },
  {
    "start": 1094.96,
    "end": 1105.64,
    "text": "We have had the news last days that PHP gaps were there... ...and it was number one in the news here in Germany everywhere!"
  },
  {
    "start": 1106.34,
    "end": 1112.42,
    "text": "You can see Sam Oldman says okay I'm not happy what's going on right now with cybersecurity."
  },
  {
    "start": 1113.26,
    "end": 1114.08,
    "text": "How do you see that?"
  },
  {
    "start": 1114.76,
    "end": 1114.86,
    "text": "Yeah."
  },
  {
    "start": 1115.02,
    "end": 1121.16,
    "text": "And last week, you know outside of the PHP bug that was announced there is probably a dozen other major announcements."
  },
  {
    "start": 1121.22,
    "end": 1140.32,
    "text": "so The vulnerability and exposure Databases that are in the works have gone up something like three or four hundred percent for Severe bugs and Something like a thousand percent For critical bugs over to last year."
  },
  {
    "start": 1142.72,
    "end": 1150.34,
    "text": "This is a major issue because what this shows, we've been running networks and software around the world for decades."
  },
  {
    "start": 1150.58,
    "end": 1152.16,
    "text": "We didn't realize these bugs were there."
  },
  {
    "start": 1152.88,
    "end": 1162.66,
    "text": "now that they have announced not only do good guys know but need to start patching But the bad guys also know, and they will start to attack these vulnerabilities."
  },
  {
    "start": 1163.28,
    "end": 1167.78,
    "text": "And then we'll try do it fairly soon before the defenders plug up the hose."
  },
  {
    "start": 1168.28,
    "end": 1175.38,
    "text": "so It is going be a cat-and-mouse game for next year or two years as more of this hose are found in our patched."
  },
  {
    "start": 1175.52,
    "end": 1179.92,
    "text": "So its great with security industry For data security network security industry."
  },
  {
    "start": 1181.06,
    "end": 1184.36,
    "text": "Its a nightmare for IT professionals around the"
  },
  {
    "start": 1184.44,
    "end": 1184.6,
    "text": "world."
  },
  {
    "start": 1185.4,
    "end": 1195.14,
    "text": "So when we do not know who will win the AI hackers or defenders, which advice would you give to NCEO right now?"
  },
  {
    "start": 1198.3,
    "end": 1205.32,
    "text": "I think that you need really take cybersecurity very seriously and start to hire professionals at notice space."
  },
  {
    "start": 1205.86,
    "end": 1214.64,
    "text": "And start to lock down your company's data and add the defenses that are necessary as soon as possible."
  },
  {
    "start": 1215.18,
    "end": 1232.92,
    "text": "And be aware of all the daily updates in this space because it is moving so quickly, having smart capable people right now who understand security and cyber is critical because the advantage is always on the side."
  },
  {
    "start": 1236.34,
    "end": 1239.3,
    "text": "Because they only have to find one hole, you have to patch every single hole."
  },
  {
    "start": 1240.36,
    "end": 1251.26,
    "text": "It's a much harder job and right now with the agents that are out there They can send hundred agents to look for every hole And see where something was forgotten."
  },
  {
    "start": 1252.7,
    "end": 1260.26,
    "text": "So having people who experience indeligent is critical To making sure your stable business in next few years."
  },
  {
    "start": 1261.62,
    "end": 1273.54,
    "text": "Jensen Wang was asked which guidelines or rulebook we need and his answer is that first, the flourishing industry needs some rules."
  },
  {
    "start": 1274.48,
    "end": 1275.96,
    "text": "He said okay let's go for it!"
  },
  {
    "start": 1278.68,
    "end": 1280.4,
    "text": "As you know I'm a big fan of Jensen."
  },
  {
    "start": 1285.96,
    "end": 1288.6,
    "text": "from founding a company to continuing the run it."
  },
  {
    "start": 1289.06,
    "end": 1293.04,
    "text": "But he has, you know... He has a certain horse in the game right?"
  },
  {
    "start": 1293.1,
    "end": 1301.82,
    "text": "He needs this industry that keeps buying chips and regulations could tend to slow down purchase and slow down the growth of market."
  },
  {
    "start": 1302.3,
    "end": 1307.6,
    "text": "so I understand what he's saying but given also we just talked about there are real dangers."
  },
  {
    "start": 1307.66,
    "end": 1324.42,
    "text": "they're really risks associated with technology today relatively simple things that we can do to start to lock down the risk generation of these models, make them safer and test more."
  },
  {
    "start": 1325.92,
    "end": 1331.62,
    "text": "To make communication between labs so they reduce potential risks."
  },
  {
    "start": 1331.66,
    "end": 1346.42,
    "text": "These are all good for our world And having a safer Having a safer model and having people trust their models more in the long run will actually be better for Jensen because then, people would deploy it with trust."
  },
  {
    "start": 1346.94,
    "end": 1350.6,
    "text": "Deployed confidence whereas right now every time they deployed to worried."
  },
  {
    "start": 1350.94,
    "end": 1357.04,
    "text": "does this mean that I'm not creating a hole into my company or Does this means?"
  },
  {
    "start": 1357.1,
    "end": 1357.82,
    "text": "That i am?"
  },
  {
    "start": 1357.9,
    "end": 1361.02,
    "text": "Now you're leaving a door backdoor for some hackers?"
  },
  {
    "start": 1361.94,
    "end": 1374.44,
    "text": "okay yeah There was another very interesting news from California that people start smoking again because they said, okay in ten years and fifteen years we will have medicine."
  },
  {
    "start": 1374.56,
    "end": 1376.86,
    "text": "And then uh... We were cure cancer."
  },
  {
    "start": 1377.34,
    "end": 1379.32,
    "text": "so that leads me to another question."
  },
  {
    "start": 1379.44,
    "end": 1380.4,
    "text": "at said Okay!"
  },
  {
    "start": 1380.82,
    "end": 1383.12,
    "text": "We had the dream of living forever."
  },
  {
    "start": 1383.78,
    "end": 1388.16,
    "text": "now The big dream is live longer Live healthier and stay young with AI."
  },
  {
    "start": 1388.24,
    "end": 1389.96,
    "text": "What do you think about this?"
  },
  {
    "start": 1390.9,
    "end": 1395.88,
    "text": "this situation, that longevity we do not need anymore because we have the medication in a few years."
  },
  {
    "start": 1396.28,
    "end": 1399.14,
    "text": "That will live with our"
  },
  {
    "start": 1399.72,
    "end": 1399.9,
    "text": "sin.\"."
  },
  {
    "start": 1402.38,
    "end": 1413.6,
    "text": "Well I think some people enjoy their cigarettes and nicotine but if you haven't started before to start now is very bad idea!"
  },
  {
    "start": 1415.44,
    "end": 1419.76,
    "text": "The reality is that there's a lot of promise."
  },
  {
    "start": 1419.8,
    "end": 1432.4,
    "text": "The technology is making major breakthroughs, but breakthrough in math and break-through encoding it very different than breakthroughs in bio and medicine and longevity."
  },
  {
    "start": 1433.5,
    "end": 1446.6,
    "text": "And we haven't seen yet the generalization these technologies to say they will create results across the board for all forms of disease and all aging."
  },
  {
    "start": 1446.9,
    "end": 1455.28,
    "text": "And to do this as a signaling, virtual signalling or belief signalling that you are on the side of AI is good."
  },
  {
    "start": 1455.66,
    "end": 1457.04,
    "text": "I think it's very misguided."
  },
  {
    "start": 1457.52,
    "end": 1467.14,
    "text": "The reality anything goes through drugs in medicine requires having clinical trials and clinical trials take years for you see the effects."
  },
  {
    "start": 1467.32,
    "end": 1472.02,
    "text": "so You know i think its little bit early To be doing this."
  },
  {
    "start": 1473.22,
    "end": 1473.84,
    "text": "Do you smoke?"
  },
  {
    "start": 1474.48,
    "end": 1475.08,
    "text": "I don't smoke."
  },
  {
    "start": 1475.46,
    "end": 1477.6,
    "text": "Do you drink?"
  },
  {
    "start": 1477.9,
    "end": 1484.2,
    "text": "I drink socially, with friends but... And anything in moderation is fine."
  },
  {
    "start": 1484.46,
    "end": 1485.8,
    "text": "You can do some things in moderation."
  },
  {
    "start": 1485.84,
    "end": 1488.3,
    "text": "The key is to do it responsibly."
  },
  {
    "start": 1490.08,
    "end": 1494.14,
    "text": "So every show we ask what's right now on your mind?"
  },
  {
    "start": 1494.3,
    "end": 1500.2,
    "text": "What are your personal outlooks?"
  },
  {
    "start": 1502.32,
    "end": 1511.38,
    "text": "I guess the one thing that, you know yesterday was actually on a fireside in Seattle for AI week and One of things had really struck me."
  },
  {
    "start": 1511.7,
    "end": 1519.04,
    "text": "Was um i feel like we are In this really urgent time."
  },
  {
    "start": 1519.62,
    "end": 1521.72,
    "text": "Where our decisions today as society?"
  },
  {
    "start": 1521.78,
    "end": 1527.52,
    "text": "And as governments As companies have so much impact in terms Of where the future is headed?"
  },
  {
    "start": 1528.68,
    "end": 1533.56,
    "text": "But most people don't see it and don't realize that urgency."
  },
  {
    "start": 1533.96,
    "end": 1556.94,
    "text": "And they feel like its just another day, Because we are alive at this time when these decisions were being made, and could affect the decision."
  },
  {
    "start": 1557.74,
    "end": 1583.32,
    "text": "And I wish both people who are voting for our government's leaders as well as the people in office take their responsibility more seriously because of choices on how to regulate or promote acceleration will have lasting impact that goes far beyond the current term."
  },
  {
    "start": 1583.56,
    "end": 1593.02,
    "text": "they are in office and probably be on their lifetimes, so I hope more people wake up to."
  },
  {
    "start": 1594.94,
    "end": 1602.88,
    "text": "Is it the same or more less, a situation of climate change that people say okay we'll come but what can you do?"
  },
  {
    "start": 1602.96,
    "end": 1609.16,
    "text": "I think the difference with climate changes is data shows these things are happening over decades."
  },
  {
    "start": 1610.3,
    "end": 1616.36,
    "text": "When they happen over decade's its very natural for people to discounted and wait."
  },
  {
    "start": 1617.06,
    "end": 1627.8,
    "text": "But when the data right now showing impact on both risk & benefits of AI will happen over years and in some cases, it's over months."
  },
  {
    "start": 1629.14,
    "end": 1633.52,
    "text": "That urgency should be sensed but is not being sensed."
  },
  {
    "start": 1633.6,
    "end": 1635.94,
    "text": "And I think that's the part that surprises me."
  },
  {
    "start": 1636.26,
    "end": 1650.66,
    "text": "if we saw a giant tidal wave an asteroid that is heading towards Earth."
  },
  {
    "start": 1651.02,
    "end": 1652.66,
    "text": "We would say, oh we need to work together."
  },
  {
    "start": 1652.92,
    "end": 1665.14,
    "text": "let's solve this but when you see the evidence of all whether it's the cyber risk or as the bio-risk or as a geopolitical tension Or as the economic bubble risks."
  },
  {
    "start": 1665.5,
    "end": 1672.0,
    "text": "All these things are rising up and getting bigger and bigger And nobody paying attention."
  },
  {
    "start": 1673.02,
    "end": 1684.74,
    "text": "There're few folks here in there But general feels like The people in office are just seeing it as another day, is this a political issue?"
  },
  {
    "start": 1685.26,
    "end": 1690.1,
    "text": "Not as societal issues and definitely not as civilizational issues."
  },
  {
    "start": 1691.3,
    "end": 1692.54,
    "text": "Thank you for your wake-up call!"
  },
  {
    "start": 1694.58,
    "end": 1699.84,
    "text": "We don't stop broadcasting or telling everybody about it."
  },
  {
    "start": 1700.0,
    "end": 1702.94,
    "text": "You told me that you're going to Europe and Shanghai."
  },
  {
    "start": 1703.06,
    "end": 1711.28,
    "text": "I appreciate very much the speaker who warned for things that people do not realize right now."
  },
  {
    "start": 1711.38,
    "end": 1717.66,
    "text": "Thank you very much Alvin, for your ideas and I appreciate it very much!"
  },
  {
    "start": 1717.8,
    "end": 1725.16,
    "text": "And well our Big Bang Tech Report is over for now but we will come back in forty days..."
  },
  {
    "start": 1725.3,
    "end": 1730.14,
    "text": "Thank you for the support of your great diligence every two weeks."
  },
  {
    "start": 1732.26,
    "end": 1736.6,
    "text": "Yeah, because we have to do it for ourselves or our children and everybody."
  },
  {
    "start": 1737.1,
    "end": 1743.9,
    "text": "Because yeah... We are in a strange time living here on the street but for me as journalists too very interesting times."
  },
  {
    "start": 1744.4,
    "end": 1745.04,
    "text": "I love AI!"
  },
  {
    "start": 1745.58,
    "end": 1747.08,
    "text": "And i love this show."
  },
  {
    "start": 1748.22,
    "end": 1748.82,
    "text": "see you soon."
  },
  {
    "start": 1748.92,
    "end": 1749.8,
    "text": "thank you again"
  },
  {
    "start": 1752.52,
    "end": 1753.42,
    "text": "bye."
  }
]