0:00WE WILL STAND FOR THEM ALL OVER THE WORLD. TOGETHER WE WILL BUILD A FUTURE FOR OUR PEOPLE THAT IS BRIGHTER, MORE HOPEFUL, AND MORE MAGNIFICENT THAN EVER BEFORE. THANK YOU. GOD BLESS THE NATIONS OF THE WORLD AND GOD BLESS AMERICA. THANK YOU VERY MUCH. [APPLAUSE] ED: THIS IS "BLOOMBERG BLOOMBERG TECH."
0:29PRESIDENT TRUMP ADDRESSING THE UNITED NATIONS GENERAL ASSEMBLY WHERE THE LATTER PART OF THAT SPEECH FOCUSED ON ARTIFICIAL INTELLIGENCE, HIGHLY RELEVANT TO THE SHOW "BLOOMBERG BLOOMBERG TECH." HE SAID THE U.S.
0:39REJECTS ATTEMPTS OF A GLOBAL SCHEME TO CONTROL AI AND THE FUTURE ALL U.S. DOCUMENTS WILL USE "SUPER INTELLIGENCE." HE WILL ENCOURAGE SUPER INTELLIGENCE AND NOT REIN IT IN. IN TERMS OF MARKET, AND LOOKING AT EQUITY, LOOKING AT THE TREASURY MARKET AND ALSO THE DOLLAR, NOT SO MANY MOVES IN RESPONSE TO THE CONTENT OF THE SPEECH. WE SEE EQUITIES LARGELY FLAT ON THE WHOLE OUTPERFORMANCE, TENURE YEAR YIELD AT 4.95%.
1:11BLOOMBERG DOLLARS BUT INDEX BUT -- SPOT INDEX NOT REALLY MOVING ON THE CONTENT OF WHAT PRESIDENT TRUMP SAID.
1:18A FOCUS ON IRAN, THE EVENTS IN VENEZUELA, COMMENTARY ON CUBA, AND A WHOLE LOT MORE. LET'S GET TO TYLER KENDALL WHO IS AT THE U.N. ROSE GUARD TO SUMMARIZE WHAT THE PRESIDENT HAD TO SAY. TYLER: PRESIDENT TRUMP USED THE SPEECH TO DEFENDANT POLICY OBJECTIVES SAYING YES TITLED "INTRACTABLE CHALLENGES" EARLY ON AS HE MENTIONED HE HIGHLIGHTED IRAN, THREATENING WE COULD EITHER SEE ESCALATION OR DIPLOMACY IN TERMS OF WHAT COMES NEXT.
1:48HE THREATENED HE HAS A DECISION TO SOON MAKE ON ONE HAND PRETTY CAN MAKE A DEAL WITH IRAN TO ALLOW THE COUNTRY TO REBUILD OR ON THE OTHER HE WILL "ANNIHILATE THE ISLAMIC REPUBLIC, DOMESTIC AND FOREIGN POLICY DOVETAILING AS HE CLAIMS IRAN IS WAITING UNTIL AFTER THE MIDTERM ELECTIONS TO STRIKE A DEAL. PRESIDENT TRUMP SAYS HE IS URGING IRAN TO MAKE A DEAL.
2:09THERE HAS BEEN GROWING FRUSTRATION NOT JUST FROM THE TRUMP ADMINISTRATION BUT ALSO FROM THE REGIONAL GOLF ALLIES THAT PRESIDENT TRUMP IS SAID TO MEET WITH LATER THIS AFTERNOON. THE PRESIDENT DID THANK THE YUAN SECURE TO COUNSEL AND PASSING A RESOLUTION TO CONDEMN --U.N. SECURITY COUNCIL I'M PASSING AROSE SOLUTION.
2:27ADDING TO THE STOCKPILES EVEN AS FRIDAY BLOOMBERG NEWS REPORTED THE U.S. IS NOW ALERTING EUROPEAN ALLIES THEY COULD SEE DELAYS OF UP TO FIVE YEARS IN TERMS OF GETTING THEIR WEAPONS DELIVERIES AS U.S. TRIES TO REBUILD AND REVITALIZE THE DOMESTIC INDUSTRIAL BASE. HE THEN PIVOTED TO TALK ABOUT THE WESTERN HEMISPHERE. WE CAN GO THROUGH SOME OF THE HEADLINES. THE INTERIM PRESIDENT OF VENEZUELA DELCY RODRIGUEZ WAS IN THE ROOM AND ALSO CLAIMED
2:55CUBA WILL SOON FAIL AND SAID SECRETARY OF STATE MARCO RUBIO IS CURRENTLY NEGOTIATING WITH THE COUNTRY ON RUSSIA. HE SAID HE IS GOING TO POTENTIALLY USE THE NEW TARIFF AUTHORITY TO IMPOSE SECONDARY TARIFFS ON RUSSIA IF THE KREMLIN DOES NOT COME TO THE NEGOTIATING TABLE. THAT WAS SOME OF THE FOREIGN POLICY HEADLINES.
3:12AT THE END, AS YOU KNOW BEST, WE GOT THE UPDATE FROM PRESIDENT TRUMP TOUTING ARTIFICIAL INTELLIGENCE SAYING HE IS GOING TO CALL IT SUPER INTELLIGENCE AND THAT WHOEVER DOMINATES THE TECHNOLOGY WILL BE THE WINNER APPEARING TO SET THE STAGE FOR THE HIGH-STAKES MEETING BETWEEN HIM AND CHINESE PRESIDENT XI JINPING LATER THIS WEEK. ED: TYLER KENDALL AT THE U.N. --U.N. ROSE GARDEN.
3:38PRESIDENT TRUMP TALKING ABOUT ARTIFICIAL INTELLIGENCE JUST MOMENTS AGO AT UNGA AND THE ONGOING RACE WITH CHINA. LET'S BRING IN NANCY TENGLER TO DIGEST IT ALL.
3:52I APPRECIATE IT IS NO HARD TEST. THE PRESIDENT SPEAKS POSITIVELY ABOUT AI, STRENGTH OF AMERICA AND COMPETITOR AGAINST CHINA. YOUR REACTION TO HIS REMARKS?
3:59NANCY: I THINK THEY ARE IMPORTANT. GOOD TO BE WITH YOU. HE IS TAKING THE POSITION -- I ACTUALLY SUPPORT THE POSITION BECAUSE I DON'T THINK GOVERNMENT HAS BEEN EFFECTIVE AT REGULATING CRYPTO, FOR EXAMPLE, OR EVEN GO BACK TO INTERNET DAYS. I THINK SELF-REGULATION FROM THE COMPANY SOLUTIONS AROUND THE PROBLEMS ALLOW US TO CONTINUE TO GROW AND CONTINUE TO SEE DISINFLATIONARY GROWTH IN THE U.S.
4:27ECONOMY NOT TO MENTION POTENTIAL DEFENSE APPLICATIONS, ETC. I THOUGHT IT WAS A GOOD COMMENT FOR HIM TO MAKE. AND SUPER INTELLIGENCE MAY INFECT CATCH. ED: IN TERMS OF THE BIGGER PICTURE MARKET, BLOOMBERG WRITES THAT STOCKS AND BONDS WAVERED DURING THAT SPEECH.
4:49I WOULD SAY THERE'S LITTLE MOVEMENT IN MANY ASSET CLASSES THE MAIN TAKEAWAY BEING THERE WAS NO KNEE-JERK REACTION TO THE IDEA PRESIDENT IS GOING TO PUT AMERICA IN POSITION WHERE HE WANTS THEM TO LEAD IN AI. HE'S NOT GOING TO ALLOW FOR A PULLBACK. NANCY: I THINK THAT'S RIGHT. HE SAID IT BEFORE BUT NOW HE SAID IT ON THE GLOBAL STAGE.
5:12I THINK THAT IS A COMFORT TO INVESTORS WHO ARE THINKING ABOUT THIS AS, YOU KNOW, TRANSITIONAL ECONOMY, TECHNOLOGICAL REVOLUTION. HE CALLED IT AN INDUSTRIAL REVOLUTION. WHATEVER YOU WANT TO CALL IT, THIS TECHNOLOGY IS MUCH MORE POWERFUL THAN THE INTERNET WE HAD IN THE 1990'S OBVIOUSLY AND ALSO WILL CHANGE THE WAY WE LIVE. ED: THIS SPEECH IS A PRECURSOR TO A MEETING WITH CHINESE PRESIDENT XI JINPING.
5:37AS A TECHNOLOGY INVESTOR AND EQUITY MARKET, HOW MUCH ARE YOU BRACED FOR THAT MOMENT AND WHAT COMES UP A BIT? NANCY: I DON'T THINK MUCH WILL COME OUT OF IT. WE WILL GET THE PLATITUDES BUT I DON'T THINK WE WILL SEE CHINA EVER CHANGE THEIR BEHAVIOR. THE QUESTION BECOMES OVER TIME, WILL WE BE ABLE TO SHIP MORE NVIDIA CHIPS. THAT IS THE ONLY THING I'M REALLY PAYING ATTENTION TO.
6:01I DON'T EXPECT CHINA TO SELF REGULATE. ED: DESTROYED THE LAST 24 HOURS HAS BEEN AI AGENTS I'M A META, HIGHEST LEVEL SINCE OCTOBER, 11% JUMP, CONTINUES TODAY BECAUSE MUSE, IS AI AGENT, IS NUMBER ONE ON THE APP STORE FREE DOWNLOADS OF APPLE. YOU HAVE BEEN BEARISH ON META IN THE PAST. HAS ANYTHING CHANGED FOR YOU? NANCY: IT HAS. YOU SHAMED ME INTO BUYING IT. IT TOOK A WHILE. WE RECENTLY ADDED IT TO THE PORTFOLIO.
6:31I THINK FOR A COUPLE OF REASONS. FIRST OF ALL, IT IS TRADING IS A VALUE STOCK. WITHING THE REVENUE GROWTH WILL COMPOUND AT 20%. ON A RELATIVE PRICE TO SALES RATIO BASIS, IT IS SUPER ATTRACTIVE AND ON A PRICE EARNINGS TO GROWTH BASIS. YOU NEED A FEW THINGS TO GO RIGHT BUT THE ADVERTISING BUSINESS IS TAKING SHARE AND I HAVE ALWAYS SAID MY KNOCK HAS BEEN IT IS JUST AN ADVERTISING COMPANY. I THINK MUSE CHANGES THE CALCULUS MATERIALLY. WE WILL SEE.
7:03IT IS A WAY FOR THEM FINALLY TO MONETIZE THE CAPEX SPEND. I THINK THAT IS VERY IMPORTANT. YOU HAVE META ONE WHICH IS INTERESTING. SPACEX BUT CURSOR AS YOU WELL KNOW. THEY MADE $60 BILLION FOR A COMPANY THAT EMPLOYED 20 PEOPLE WAS FOUR YEARS OLD.
7:20WHAT YOU THINK ABOUT THE POWER OF THESE TECHNOLOGIES TO ALLOW YOU TO LEVERAGE INNOVATION AND TALENT WITH FEW EMPLOYEES, I THINK THAT IS ONE OF THE THINGS THAT META IS GOING TO BE CONTRIBUTE IN WITH META ONE. ED: THE SELL SIDE TO SAYING THIS IS NOT JUST THE MOMENT OF THE AI MOMENT, CHATGPT, BUT JUSTIFIES META'S SPEND. NANCY TENGLER, THANK YOU VERY MUCH. COMING UP, WORLD LEADERS ARE
7:47GATHERING AT THE U.N. GENERAL ASSEMBLY AND WE WILL BE JOINED BY IRISH FOREIGN MINISTER HELEN MCENTEE. THAT IS NEXT. THIS IS "BLOOMBERG." ♪ ED: OUR FUTURE WILL BE ADDRESSED HOW WE ADDRESS THE POWER OVER WAR AND PEACE, THE POWER THAT CONCENTRATES WEALTH AND DRIVES INEQUALITY. THE POWER FUELING CLIMATE CHAOS AND WAR ON NATURE, AND THE POWER UNLEASHED THE ARTIFICIAL INTELLIGENCE. ED: THAT WAS THE U.N.
8:31SECRETARY-GENERAL EARLIER THIS MORNING, SHOWING AI IS TAKING CENTER STAGE AT THE UNITED NATIONS.
8:37ANTHROPIC CEO JEREMY DAY IN OPENAI SAM ALTMAN ARE SUCH TO BRIEF THE SECURITY COUNCIL WEDNESDAY ON THE FUTURE OF THE TECHNOLOGY. CALLING FOR GLOBAL COORDINATION ON AI SAFETY COMES AS PRESIDENT TRUMP REPAIRS TO MEET CHINA XI JINPING THURSDAY WITH AI EXPECTED TO BE A PART OF THE CONVERSATION. A SHEPHERD JOINS US NOW FROM WASHINGTON, D.C. THERE BRIEFING AT THE LEADERS OF THE FRONTIER LABS TO THE SECURITY COUNCIL, WHAT WE KNOW?
9:05THIS IS NOT GOING TO BE A MOMENT WHERE WE GET A BIG REVEAL FROM EITHER DARIO AMODEI OR SAM ALTMAN AND IS IMPORTANT TO KNOW HUGGING FACE CEO IS SCHEDULED TO BE SPEAKING, TOO. WE ARE NOT EXPECT IN THEM TO SAY ANYTHING DRAMATICALLY NEW IN TERMS OF REVELATIONS ABOUT BREACHES OR RISKS.
9:24WE HAVE HEARD SO MUCH FROM EACH OF THEM OVER THE PAST SEVERAL WEEKS. WHAT IS INTERESTING IS THE CONTEXT. THEY WILL BE BRIEFING REPRESENTATIVES FROM SOME OF THE MOST POWERFUL COUNTRIES ON EARTH, INCLUDING AT THE SAME TIME IN THE SAME ROOM THE LEADERS OF THE TWO NATIONS THAT ARE RESPONSIBLE FOR ALL OF THE CUTTING EDGE AI DEVELOPMENT THESE DAYS AND THAT IS THE UNITED STATES AND CHINA.
9:48THOSE TWO COUNTRIES REALLY ARE LOCKED IN COMPETITION TO TRY TO DOMINATE THIS TECHNOLOGY AND WE HAVE HEARD THE CONTRAST BETWEEN PRESIDENT REJECTING CALLS GLOBAL COORDINATION AND OVERSIGHT AND THE U.N. SECRETARY-GENERAL IN HIS ADDRESS TO THE WORLD BODY TODAY AFTER 10 YEARS ON THE JOB, 10 YEARS WHERE HE HAS TALKED ABOUT ARTIFICIAL INTELLIGENCE, WARNING, YES, THERE NEEDS TO BE GLOBAL OVERSIGHT, YES, THERE NEEDS TO BE CORONATION AMONG NATIONS AND THAT THERE IS THIS RISK THAT AI IS HELPING TO FUEL A SHIFT OF POWER.
10:17PRIVATE CORPORATIONS AND WEALTHY INDIVIDUALS AWAY FROM GOVERNMENTS AND REMOVING FROM PEOPLE THE AGENCY OVER THEIR OWN LIVES. ED: LET'S REVISIT OUR CONVERSATION FROM YESTERDAY. AT THE BIG MOMENT THIS WEEK WILL BE PRESIDENT TRUMP WITH CHINA'S XI JINPING. WE SAID EARLIER IN THE PROGRAM, AI IS GOING TO BE ON THE TABLE.
10:36DO WE KNOW ANYTHING ABOUT THE PARAMETERS OF THAT AI CONVERSATION?
10:42THE REPRESENTATIVES FROM THE TWO COUNTRIES DID MEET YESTERDAY IN NEW YORK FOR FURTHER DISCUSSIONS. SCOTT BESSENT AND HIS COUNTERPART TALKED MORE.
10:52WE DID NOT GET A GREAT DEAL OF ADDITIONAL VISIBILITY ON WHAT THE TWO COUNTRIES ACTUALLY WENT THROUGH AND IF THEY AGREED ON ANYTHING. WE DID HEAR SUNDAY FROM SCOTT BESSENT SAYING, LOOK, WE HAVE SET UP FROM THE -- SET UP THE DIALOGUE BETWEEN U.S. AND CHINA WHERE THERE CAN BE DISCUSSIONS ABOUT RISKS AND BENEFITS OF THE TECHNOLOGY.
11:12NOT TOO MANY MORE DETAILS. ALSO SOME SORT OF A NOTIFICATION SYSTEM ABOUT RISKS. AGAIN, UNCLEAR WHAT WE ARE GOING TO GET LATER IN THE WEEK WHEN THE TWO SIDES EMERGE AND EXIT PRESENT THEIR DELIVERABLES. WILL THERE BE SOME SORT OF FORMAL SET UP THAT ALLOWS THE TWO COUNTRIES TO REALLY SPEAK TO EACH OTHER IN RATIONAL TERMS AND TERMS THAT COULD LEAD TO SOME PRODUCTIVE ENGAGEMENT EVEN AS THEIR COMPETING VERY BITTERLY OVER THIS TECHNOLOGY? WE JUST DON'T KNOW.
11:41WE ARE REPORTING IT OUT AND ALSO TRYING TO FIGURE OUT WHO WILL BE THERE. WE KNOW THERE WILL BE A NUMBER OF U.S. EXECUTIVES, HIGH PROFILE NAMES FROM SILICON VALLEY PRESENT. WE DON'T KNOW WHETHER THERE WILL BE A COMPLEMENTARY DELEGATION OF CHINESE EXECUTIVES ALSO SET TO SHOW UP. THAT WILL BE AN INTERESTING THING FOR US TO WATCH. THERE IS A LOT AT STAKE HERE AND YET AT THE SAME TIME, WE ARE NOT EXPECTING BIG ADVANCES.
12:08WE HEARD NANCY TENGLER SAY HER EXPECTATIONS FOR SOME BREAKTHROUGH, GRAND BARGAIN ON AI ARE VERY LOW AND THAT IS OUR SENSE FROM THE REPORTING WE HAVE DONE. ED: THERE IS BASICALLY AN EFFORT BY PRIVATE INDUSTRY TO MOVE TOWARD A GLOBAL STANDARD, MOVE TOWARD RULES, REGULATION.
12:22IS IT EVEN POSSIBLE RIGHT NOW TO SUMMARIZE WHAT THIS TRUMP ADMINISTRATION'S POLICY IS ON PACING THE FRONTIER OF AI?
12:34THERE PRESIDENT HIMSELF REALLY SPELLED IT OUT PRETTY CLEARLY IN HIS SPEECH. HE WANTS TO ENCOURAGE THE DEVELOPMENT OF THIS TECHNOLOGY, NOT REIGN IT IN.
12:41HE SEES EXISTING U.S. LAWS A SUFFICIENT TO HANDLE ANY SORT OF RISK THEY HAVE TALKED ABOUT USING LIABILITY PROTECTIONS BAKED INTO THE U.S. CODE AS A WAY OF TRAINING AND COMPANIES FROM OUTPACING THE -- RAINING IN COMPANIES FROM OUTPACING THE TECHNOLOGY OF PUTTING USERS AND EVEN NATIONSTATES AT RISK. THAT DOES FLY IN THE FACE OF WHAT WE HAVE BEEN HEARING FROM DARIO AMODEI, SAM ALTMAN, AND OTHERS IN THE INDUSTRY WHO SAY, YES, WE NEED SOME SORT OF
13:10FRAMEWORK. WE NEED TO BE ABLE TO VET THESE MODELS MORE CLEARLY AND, YES, GOVERNMENT DOES HAVE A ROLE FOR BUT THE ADMINISTRATION FOR NOW IS NOT REALLY INTERESTED AT LEAST FROM THE PRESIDENT'S PERSPECTIVE AND HAVING THAT KIND OF CONVERSATION. AND WHEN THEY WANT TO HIT THE GAS AS MUCH AS POSSIBLE. YOU HAVE A LOT AT STAKE.
13:28AI CENTRAL TO THE ADMINISTRATION'S ECONOMIC AGENDA. YOU ALSO HEARD THE PRESIDENT WHEN TALKING ABOUT EXISTENTIAL RISKS, HE REGARDS THEM AS A HOAX. HE DOES NOT SEE THE SAME NEED FOR GUARD RAILS THAT MEMBERS OF THE INDUSTRY AND CERTAINLY PEOPLE IN CONGRESS AND GOVERNMENT HERE ACROSS THE U.S. AND AROUND THE WORLD HAVE IDENTIFIED AS NECESSARY. ED: THAT IS MIKE SHEPARD, ROUND UP OF EVERYTHING HAPPENING WITH THIS ADMINISTRATION, AI, THIS WEEK.
13:57SO MUCH MORE COMING UP AFTER THE BREAK. THIS IS "BLOOMBERG." ♪ ED: CROCKPOT, AI AGENT THAT SPACEX AI PUT OUT IN AUGUST, TOPPED 400,000 WEEKLY USERS RECENTLY. THAT DATA EFFECTIVE SEPTEMBER 14, 418,000 USERS OF THE AI AGENT WHICH REPRESENTED 24% WEEK ON WE COULD JUMP. INTERESTING BECAUSE THEY RELEASED PART BACK AUGUST 11, SO MUCH FOCUS IN THE LAST 24 HOURS ON THIS BEING THE MOMENT OF AI AGENTS, PARTICULARLY AROUND USE.
14:46USE IS --GROK HBOT ENTERPRISE-FOCUS PRINT MODEST MOMENTUM FOR SPACEX AI, THE AI UNIT OF SPACEX. SHARES KIND OF WENT BACK TO SESSION HIGHS AFTER WE PUT THE REPORT OUT. CHECK IT OUT ON THE TERMINAL AND BLOOMBERG.COM. ELSEWHERE IN AI COME ALIBABA STEPPING UP AI AMBITIONS AND BUILDING WHAT HE CALLS CHINA'S MOST POWERFUL AI CHIP BUILT TO TAKE ON NVIDIA.
15:10ONE PIECE OF A MUCH BIGGER PUSH WITH MORE THAN $53 BILLION COMMITTED TO AI PLANS FOR MASSIVE EXPANSION IN COMPUTING CAPACITY. PETER ELSTROM JOINS US NOW. THIS IS INTERESTING BECAUSE IT WAS JUST THREE OR PERFORMANCE AGO THEY PUT OUT THE LAST GENERATION CHIP. THIS ONE IS THREE TIMES BETTER. TELL US ABOUT IT. PETER: THIS WAS A BIG DAY AT ALIBABA HEADQUARTERS.
15:32THEY TALKED ABOUT THEIR AMBITIONS IN AI AND A FEW FRONTS. FIRST OF ALL, THE AI ACCELERATOR. IF THEY SEE THIS AS AN OPPORTUNITY TO COMPETE NOT JUST WITH NVIDIA BUT ALSO IN THE DOMESTIC MARKET HUAWEI HAS BEEN AHEAD, AND ALIBABA WAS TO BE IN THE MIX. THEY WANT TO BE TALKED ABOUT IS ONE OF THE LEADING DESIGNERS OF THESE AI ACCELERATORS AND HOPE THEY WILL BE ABLE TO USE THAT TO PUSH AHEAD WITH THEIR BROADER AMBITIONS.
16:00THEY ALSO TALKED ABOUT PUTTING TOGETHER OVER THE LONG TERM AN LLM WITH 5 TRILLION TO 10 TRILLION PARAMETERS AIMING AT THE FRONT HER MODELS OUT THERE. WE HAVE SEEN DEEPSEEK AND MOONSHOT IN CHINA COME OUT AS THE LEADERS IN THE INDUSTRY. ALIBABA HAS BEEN A LITTLE OVERSHADOWED BY THE SMALLER UPSTARTS IN RECENT WEEKS AND MONTHS.
16:25THEY WANT TO PUSH AHEAD IN THE CEO DID THE PRESENTATION TODAY AND SAID HIS PRIMARY OBJECTIVE NOW IS GOING TO BE AGI, ARTIFICIAL GENERAL INTELLIGENCE. THEY ARE TO INVEST A LOT OF MONEY IN CAPITAL. THEY DON'T HAVE THE SAME KIND OF MONEY TO WESTERN COMPANIES DO BUT THEY ARE PLANNING ON INVESTING IN 20 GIGAWATT OF COMPUTE TO BE ABLE TO PUSH AHEAD AND COMPETE IN THE AREA. ED: AND ACCELERATOR FOR TRAINING AT THE FRONTIER.
16:54VERY QUICKLY, THAT IS A USE CASE? PETER: TRAINING AT THIS POINT, THAT IS THEIR GOAL. HUAWEI HAS TRY TO PUSH AHEAD THIS AREA, TO PRAY THAT THE CHINESE COMPANIES WOULD LIKE TO HAVE MORE ACCESS TO THE NVIDIA CHIPS THAT ARE THE CUTTING EDGE BUT ALIBABA WANTS TO BE ABLE TO OFFER THESE CHIPS THAT CAN DO TRAINING THE SAME WAY WAY WAY IS ASPIRING TO DO THAT. ED: PETER ELSTROM, THANK YOU.
17:18COMING UP, SILICON VALLEY IS RETHINKING COLLEGE FOR THE AI ERA. GAGAN BIYANI JOINS US NEXT. THIS IS "BLOOMBERG TECH." ♪ ED: WELCOME BACK TO "BLOOMBERG TECH." A LOT OF THIS RELATES TO OIL AND WHETHER OR NOT THERE WILL BE PROGRESS IN THE MIDDLE EAST AND THE GULF. RIGHT NOW THE S&P 500 IS FLAT. TECHNOLOGY IS OUTPERFORMING A LOT OF THAT IN THE LAST 24 HOURS.
17:50THIS DISCUSSION ABOUT THIS BEING THE AI MOMENT, USE BEING THE CASE STUDY. WE BROKE THAT NEWS ON SPACEX AI GROK BUT ALSO GETTING CONTRACTION. BLOOMBERG U.S. DOLLAR SPOT INDEX NOT REALLY MOVING AS THERE PRESIDENT OF UNITED STATES TALKED ABOUT HIS COMMITMENT TO AI, SUPER INTELLIGENT, AND HOW THERE IS A GLOBAL SCHEME AGAINST AI WHICH THE U.S. WILL PARTICIPATE IN. WE WILL REVISIT THAT LATER IN THE PROGRAM. AS AI RESHAPES THE WORKPLACE, SILICON VALLEY IS RETHINKING COLLEGE.
18:23THE NEW HURWITZ ACADEMY IS LAUNCHING IN AI FOCUS ALTERNATIVE BACKED BY $42 BILLION AND SOME OF TECH'S BIGGEST NAMES INCLUDING OPENAI, ANTHROPIC, NVIDIA.
18:33GAGAN BIYANI JOINS US NOW. WHAT IS THIS?
18:36THIS IS AN ACADEMY, ALTERNATIVE EDUCATION FOR THE AI AGE.
18:38WHAT ARE WE TALKING ABOUT? GAGAN: IT IS A NEW SCHOOL BUILT FOR THE MOST AMBITIOUS YOUNG HIGH SCHOOL GRADUATES AND OUR GOAL IS TO TRAIN THEM FOR THE NEW ERA. ED: WHAT AGE ARE WE TALKING ABOUT?
18:54GAGAN: TYPICALLY 16-20. IF THEY HAVE TO HAVE A HIGH SCHOOL DIPLOMA TO APPLY. THEY CAN BE ONE OR TWO YEARS IN THE COLLEGE. ED: LET'S GET INTO THE SKILLS.
19:05THERE IS NO STANDARD -- LET'S SAY ONCE UPON A TIME YOU MIGHT HAVE GONE TO STANFORD AND ON COMPUTER SCIENCE AND DROPPED OUT. ARE WE TALKING ABOUT COMPETENCE IN CODING, COMPUTER SCIENCE IS THE PATHWAY OR THIS IS LITERALLY JUST BEING FLUID IN AI, THE TOOLS THEMSELVES? GAGAN: AT THIS POINT, THE SPECIFIC MAJORS ARE LESS RELEVANT THAN THE OVERALL SKILL OF BUILDING. SO THE MENTALITY THAT -- WE TALK TO HERRING PARTNERS EVERY DAY AND ASKED THEM WHO ARE THE
19:35EMPLOYEES YOU WANT TO BRING ON? WHO ARE THE YOUNG PEOPLE MOST SUCCESSFUL? THEY HAVE A FEW KEY SKILLS. ONE, THEY ARE AI-NATIVE BUILDERS. TO UNDERSTAND HOW TO USE THE SOFTWARE AND HARDWARE. THEY KNOW HOW TO USE THE TECHNOLOGY TO BUILD THINGS. THE SECOND THING IS THEY HAVE PEOPLE SKILLS. THIRD IS THEY HAVE TO HAVE AMBITION.
19:56OUR GOAL IS TO TRAIN PEOPLE ON THOSE THREE MAIN SKILLS. ED: WE SAID THE FRENCH ARE LABS IN NVIDIA ARE SOME OF THE BIG BACKERS FROM A FINANCIAL PERSPECTIVE BUT IT IS CALLED HORWITZ ACADEMY. TALK ABOUT THE INVOLVEMENT AND HOW THIS CAME ABOUT. GAGAN: THEY'VE HAD AN INTERNAL EFFORT TO RETHINK HIGHER EDUCATION FOR A LONG TIME. ED: AT THE FIRM ANDREESSEN HOROWITZ.
20:22GAGAN: IT IS ONLY RECENTLY WE FELT IT WAS TIME TO ACTUALLY GET IN THE RING AND PROVIDE AN ALTERNATIVE.
20:29WHAT WE'RE DOING NOW WITH THE CAR AND RECENT AS WE RAISE $45 MILLION -- $42 MILLION FOR SIGNIFICANT PORTION OF WHICH IS FROM THE FIRM. MARC ANDREESSEN IS JOINING THE BOARD. ED: IF YOU ARE A CANDIDATE TO JOIN THIS -- HEY, WHEN ARE YOU GOING TO GET SET UP? GAGAN: APPLICATIONS ARE OPEN TODAY FOR OUR FOUNDING CLASS FELLOWSHIP WHICH IS A ONE YEAR FORMAT.
21:05IT IS A SCHOOL AND THE FIRST PROGRAM STARTS IN SEPTEMBER OF NEXT YEAR. ED: WHY HOROWITZ ANDREESSEN?
21:17IT IS A SEPARATE COMPANY AND WE HAD TO MAKE IT CLEAR. THEY HAD CLOSE TIES TO THE VENTURE FIRM.
21:23THEY WANT TO BUILD A NETWORK. MOST STUDENTS GO TO SCHOOL IN ORDER TO GET A NETWORK OF PEERS, HIRING MANAGERS, AND ADVISORS WHO CAN HELP WITH WHATEVER THEY WANT TO DO IN THEIR CAREER. THIS ACADEMY INDICATES THIS IS GOING TO BE ONE OF THE MOST PREMIER NETWORKS THAT ANY STUDENT CAN POSSIBLY GET ACCESS TO. ED: SOLVING FOR THE TALENT PIPELINE, ENSURING THE TALENT PIPELINE IN SOME WAYS. GAGAN:
21:51I THINK LIKE 850 COMPANIES WITH 18,000 ROLES AVAILABLE RIGHT NOW. WE NEED TO TRAIN PEOPLE TO BE MORE EFFECTIVE AND TO BE ABLE TO JOIN THESE COMPANIES AND SUCCEED IN THE NEW ERA. ED: YOU MENTIONED THE CLOSEST TO THE FIRM. THERE IDENTIFYING THE TALENT.
22:14HOW MUCH OF THIS IS AN ELEMENT OF THIS BEING AN INCUBATOR?
22:17IF YOU THINK ABOUT THE ACADEMIC INSTITUTIONS IN THE BAY AREA, LOADS OF START UPS HAVE BEEN BORN DIRECTLY OUT OF THEM.
22:21IS THAT THE IDEA? IS THERE ANYTHING CODIFIED IF SOMEBODY BRILLIANT STARTS A COMPANY WHILE AT THE ECONOMY, THEN WHAT HAPPENS? WHO GETS A PIECE OF IT? GAGAN: WE ARE ABSOLUTELY GOING TO HELP STUDENTS AT THE ACADEMY GET FUNDING IF THEY WANT TO BUT WE ALSO BELIEVE SOME OF THE MOST AMBITIOUS YOUNG PEOPLE ARE GOING TO GO AND JOIN COMPANIES. NOT EVERYBODY IS GOING TO START A COMPANY AT 18 OR 20.
22:47THE IDEA IS TO PROVIDE SOMETHING THAT GIVES BOTH OPTIONS. CERTAINLY, I HOPE WE FUND SOME OF THE COPIES I COME OUT OF IT. ED: WHO WILL BE TEACHING? LOTS OF REGULARS ON THIS PROGRAM, THEY MIGHT BE FOUNDERS OR VENTURE CAPITALISTS. IT IS NOT SURPRISING TO YOU SEE ON THE CALENDAR THURSDAY NIGHT CLASS AT STANFORD. THAT HAPPENS QUITE OFTEN.
23:10WHO IS IT YOU WANT TO BRING IN TO GIVE EXPOSURE TO THESE BRILLIANT YOUNG PEOPLE YOU HOPE WILL GO TO THE SYSTEM? GAGAN: FIRST, LET'S BE CLEAR, THE MOST IMPORTANT THING ABOUT THE EDUCATIONAL -- EDUCATION AT THE ACADEMY'S PURSUITS.
23:25WE EXPECT 80 PLUS PERCENT OF THE TIME OF STUDENTS TO BE SPENT ON THEIR OWN PURSUITS DOING THINGS LIKE DEEP RESEARCH, LEARNING A NEW SKILL, STARTING A COMPANY OR BUILDING A PROJECT. THAT IS THE CORE EDUCATIONAL PHILOSOPHY. AROUND THAT, WE HAVE RECRUITED SOME OF THEM A SEASONED AND EXPERIENCED OPERATORS ON THE PLANET TO COME IN AND OFFER CLASSES ON SUBJECTS LIKE AI INFERENCE ENGINEERING OR BUILDING AND SCALING AI APPLICATIONS OR EVEN THINGS LIKE PRODUCT SENSE OR FINDING LOVE. THE IDEA -- ED: FINDING LOVE?
24:00GAGAN: WE BELIEVE INTERPERSONAL SKILLS ARE -- ED: I WOULD TO SCHOOL, PLAYED SPORTS, SOME OF MY MOST FORMATIVE YEARS, NOT NECESSARILY SPENT STUDYING. HOW DO YOU GET THE ELEMENT -- IF IT IS AN ALTERNATIVE TO COLLEGE, THE NONACADEMIC PARTS ARE IMPORTANT TO MANY PEOPLE. GAGAN: SOCIAL LIFE REALLY MATTERS. THAT IS WHY OUR GOAL IS TO OPEN UP SAN FRANCISCO TO THESE STUDENTS. THIS ACADEMY IS BASED IN THE HEART OF SAN FRANCISCO.
24:29IT IS GOING TO BE -- AS YOU AND I BOTH KNOW, THIS CITY HAS SO MUCH TO OFFER FROM ARTS TO CULTURE. GAGAN: WAS THERE EVER A DEBATE -- ED: WAS THERE EVER A DEBATE IT WOULD BE IN SAN FRANCISCO? GAGAN: NO. SAN FRANCISCO IS THE CENTER OF INNOVATION, CENTER BUSINESS. IT IS BECOMING THE CENTER OF CULTURE FOR A LOT OF THINGS. IT IS SAN FRANCISCO OR NOWHERE. ED: GAGAN BIYANI, HOROWITZ ANDREESSEN ACADEMY CEO.
25:00COME BACK ONCE THE SEMESTER IS UNDERWAY AND LET US KNOW HOW IT IS GOING. AN UPDATE TO A BLOOMBERG REPORT FROM YESTERDAY, INVESTORS ARE PILING INTO SOFT BANKS PASSIVE JUNK-BOND SALE. ALREADY DRAWN MORE THAN $20 BILLION IN EARLY DEMAND. SOFTBANK LOOKS TO RAISE MORE THAN $11 BILLION TO HELP FUND ITS OPENAI BED. -- BET.
25:24EXPECTED TO PRICE THIS THURSDAY. COMING UP, AI PIONEER FEI-FEI LI . WHAT IS HAPPENING IN WORLD MODELS?
25:35THAT CONVERSATION, NEXT. THIS IS "BLOOMBERG TECH." ♪ UNITED STATES REJECTS ANY ATTEMPT TO CONSTRUCT A GLOBALIST SCHEME TO CONTROL THE ARTIFICIAL INTELLIGENCE BEING SPOKEN OF SO MUCH NOW. HERE IN AFTER OFFICIALLY CALLED SUPER INTELLIGENCE. ED:
26:08PRESIDENT TRUMP EARLIER THIS HOUR TALKING ABOUT SUPER INTELLIGENCE. AS AI SAFETY AND DEVELOPMENT ARE AMONG THE TOP ISSUES AT THIS YEAR'S YOU AND GENERAL ASSEMBLY, AND EXCITED TO BE FRONT AND CENTER WHEN PRESIDENT TRUMP AND CHINA'S PRESIDENT XI JINPING LATER THIS WEEK. EVEN AS LEADERS IN INDUSTRY FORM THEIR OWN APPROACHES.
26:30WE ARE JOINED BY FEI-FEI LI, A PIONEER IN ARTIFICIAL INTELLIGENCE, HAS BEEN CALLED THE GODMOTHER OF AI, SOMEONE WHO HAS LONG ADVOCATED FOR HUMAN CENTRIC APPROACH TO DEVELOPING THE TECHNOLOGY. AT THE COFOUNDER AND CEO OF WORLD LABS AND THEY ARE RESEARCHER AND PROFESSOR AT STANFORD UNIVERSITY. GREAT TO HAVE YOU BACK ON THE PROGRAM. LET'S START WITH THE IDEA OF A WORLD MODEL DISTINCT FROM AN LLM.
26:54YOU AND I HAVE DISCUSSED THIS ALREADY BUT FOR OUR AUDIENCE, THAT DISTINCTION IS IMPORTANT. THE BASIC DEFINITION. FEI-FEI: I'M EXCITED BY WORLD MODELS BECAUSE IF YOU LOOK AT LANGUAGE MODELS, WHAT THEY OUTPUT OUR WORDS.
27:07WORDS CAN BE TURNED INTO CODES OR CONVERSATIONS BUT WORLD MODELS, THE ONES THAT WORLD LABS HAS BEEN DEVELOPING, CAN ONE WE GENERATE ARE NOT WORDS. THE MODELS GENERATE BEAUTIFUL PIXELS, VERY ACCURATE GEOMETRIC STRUCTURE OF THE 3D OR 4D WORLD IN WHICH IN TURN CAN ALLOW PEOPLE, CREATOR, DESIGNERS, ROBOTICS DEVELOPERS TO HAVE PRECISE CONTROL OF THE CAMERAS
27:35OR THE CONSTRUCTION OF WORLDS. ED: YOUR LATEST GENERATION YOU BEEN WORKING ON HIS ATLAS. YOU HAVE NOT SAID MUCH ABOUT ATLAS. FEI-FEI: WE JUST SHARED A TECHNICAL BLOG ABOUT ATLAS AND WE ARE WORKING REALLY HARD TO RELEASE ATLAS AS A PRODUCT TO THE WORLD.
27:53IT IS THE LATEST, GREATEST WORLD MODEL THAT WORLD LABS HAS DEVELOPED. IT IS THE FIRST OF ITS KIND IN THE ABILITY TO ALLOW CAMERA CONTROL, ALLOW THAT KIND OF PRECISE PIXEL CONSISTENCE WITH THE REAL WORLD, WITH THE 3D WORLD. IT ALSO TRIES TO SOLVE A VERY HARD PROBLEM IN THE FIELD OF COMPUTER VISION THAT COMBINES THE GENERATION OF BEAUTIFUL PIXELS WITH THE RECONSTRUCTION OF INTRICATE 3D STRUCTURE. ED: DOES IT SOLVE FOR IT?
28:25HOW COULD THE UNDERLYING MODEL? FEI-FEI: IT IS BETTER THAN THE SPECIALIZED MODEL FOR THESE TESTS. ED: YOU MENTION PRODUCT. WHAT IS THE KILLER USE CASE?
28:38THE APPLICATION FOR DEPLOYMENT IN THE REAL WORLD? FEI-FEI: THESE USE CASES ARE PRETTY HORIZONTAL. WE ARE ALREADY ENGAGING WITH USERS FROM CREATIVE INDUSTRY, WITH DESIGN INDUSTRY, WITH ROBOTICS INDUSTRY SUCH AS HEALTH CARE LED DEVELOPMENT, PHARMACEUTICAL LAB -- LABORATORIES. IT IS PRETTY HORIZONTAL BUT ONE THING THAT REALLY EXCITES ME IS BY ALLOWING THIS KIND OF CONTROL FOR HUMANS, CREATORS CAN USE THIS AS AN AUGMENTATIVE
29:17TOOL TO REALLY EXPRESS THEIR CREATIVITY OR DEVELOP DOWNSTREAM TECHNOLOGY FOR USE CASES. ED: WORLD LABS HAS BEEN FOCUSED ON ROBOTICS. YOU ACQUIRED SCENICS. EXPLAIN THE USE OF A ROLE MODEL IN THE DEVELOPMENT OF PHYSICAL AI, THE DEPLOYMENT OF ROBOTS IN REAL HUMAN-CENTRIC SETTINGS. FEI-FEI: FIRST OF ALL, WORLD LABS IS A SPECIAL INTELLIGENCE COMPANY. VERY MUCH USEFUL FOR SPECIAL INTELLIGENCE APPLICATIONS FROM DESIGN CREATIVITY TO ROBOTICS. AND ALSO INCLUDES HEALTH CARE, EDUCATION.
29:54WHAT IS IMPORTANT FOR ROBOTICS IS THE ABILITY TO UNDERSTAND AND CONSTRUCT THE WORLD THAT YOU CAN IN TURN TRAIN AND EVALUATE YOUR ROBOTICS TASKS OR POLICIES. THERE IS A LOT OF STILL BOTTLENECK IN TERMS OF CREATING THE RIGHT TRAINING ENVIRONMENT OR EVALUATION ENVIRONMENT. ROBUST WORLD MODEL CAN HELP UNLOCK SOME OF THE BOTTLENECK. FOR EXAMPLE, FOREIGN LABORATORY SCIENCES.
30:29WHEN YOU WANT TO EMPOWER A ROBOT TO DO PHARMACEUTICAL MANUFACTURING OR LAB SCIENCE, YOU DON'T GET THAT MUCH DATA. THESE ARE VERY HIGHLY SPECIALIZED INDUSTRIES. BUT USING WORLD MODELS TO SIMULATE AND THEN TURN THAT SIMULATION INTO VERY REALISTIC TRAINING ROUND AS WELL AS EVALUATION GROUND HELPS TO DEVELOP ROBOTS. ED: WERE TALKING ABOUT THE PHYSICAL WORLD IN MANY CASES. THE ISSUE WERE INDUSTRY IS CONFRONTING RIGHT NOW IS ALIGNMENT. LLM IN PARTICULAR.
31:01DOES THE MODEL BEHAVE AS HUMANS INTENDED IT TO?
31:06IS THAT THE SAME CALCULUS FOR A WORLD MODEL?
31:10IS THERE A RISK THE WORLD MODEL MISBEHAVES IN THE SAME WAY WE HAVE SEEN LLM'S MISBEHAVE? FEI-FEI: I THINK IT IS THE SAME CALCULUS FOR ALL TECHNOLOGY.
31:19I'VE ALWAYS BEEN SAYING TECHNOLOGY IS A DOUBLE-EDGED SWORD. WE DEVELOP IT WITH THE INTENTION TO BE BENEVOLENT AND HELPFUL TO HUMANS BUT WE HAVE ALWAYS TO PUT SAFETY AND RESPONSIBILITY IN THE FOREFRONT OF THE DEVELOPMENT AND DEPLOYMENT OF TECHNOLOGY. SO FROM THAT POINT OF VIEW, WHETHER WE ARE TALKING ABOUT LLM'S, WORLD MODELS, OR TALKING ABOUT CLASSIC TECHNOLOGY LIKE ELECTRICITY, STEAM ENGINE,
31:46MODERN TRANSPORTATION -- ALL OF THIS, WE DO HAVE TO HOLD BOTH TRUTHS IN THE HAND. ONE IS HUMAN SAFETY, HUMAN BENEVOLENCE. THE OTHER IS USE THIS FOR INCREDIBLE ADVANCES OF THE TECHNOLOGY TO HELP HUMANS AND DEVELOP OUR CIVILIZATION. ED: YOUR INDUSTRY COLLEAGUES AND PEERS AT THE FRONTIER SAY WE SHOULD PASTE DEVELOPMENT TO THE FRONTIER, THE MOST CAPABLE MODELS IN PART BECAUSE SAFETY AND ALIGNMENT HAS NOT KEPT PACE WITH THE IMPROVEMENT AND CAPABILITY.
32:23HOW HAVE YOU SEEN THAT THROUGH YOUR WORK IN WORLD MODELS?
32:28THE ARGUMENT, FOR EXAMPLE, DARIO AMODEI WOULD MAKE, THAT WOULD ONLY WORK IF EVERYONE AGREES TO DO THE SAME THING.
32:33IT IS IN PART WHY THEY ASKED FOR ANTITRUST WAIVERS SO THEY CAN WORK COLLABORATIVELY WITH THE OTHER LABS. FEI-FEI: AS A CIVILIZATIONAL TECHNOLOGY. WITH THIS LEVEL OF IMPACT, IT CAN MAKE FOR HUMAN SOCIETY. I BELIEVE RESPONSIBILITY IS SO IMPORTANT. WE COULD NOT LEAVE IT TO FATALISM. ONE THING THAT IS ALWAYS IMPORTANT FOR ME IS THAT NOT ONLY IN MY CEO OF WORLD LABS
33:02AND ENTREPRENEUR, MY ENTIRE CAREER I HAVE BEEN A SCIENTIST AND EDUCATOR. I WANT TO APPLY THE SAME KIND OF SENSE OF RESPONSIBILITY OF SCIENTISTS AND EDUCATOR TO THE DEVELOPMENT OF WORLD MODELS OR ANY TECHNOLOGY WE DEVELOP. IT IS EASY TO USE SIMPLE WORDS, THAT REALLY THIS IS VERY NUANCED.
33:28WE NEED TO UNDERSTAND AND KEEP THIS TECHNOLOGY -- CONTINUE TO DEVELOP THIS TECHNOLOGY IN A ROBUST ECOSYSTEM WHERE THERE IS PUBLIC SECTOR, THERE IS OPEN SOURCE, THERE IS CLOSED SOURCE, THERE IS COLLABORATION WITH ACADEMIA, WITH GOVERNMENT, WITH CIVIL SOCIETY. IT IS VERY, VERY IMPORTANT THAT WE COME TOGETHER AS AN ECOSYSTEM AND DO THIS RIGHT. ED: DR.LI, WHAT IS YOUR TRUE ASSESSMENT OF THE EXISTENTIAL
33:55THREAT TO HUMAN LIFE FROM AI? YOUR COLLEAGUE WAS ON THE SHOW LAST WEEK AND SAID, THIS IS RIDICULOUS. IT IS NEAR ZERO IN HIS MIND BECAUSE HE REFLECTED BACK WHEN GPT2 CAME OUT IS THAT WE HAD CONCERNS THEN PRINT LOOK AT THE DEVELOPMENT SINCE. FEI-FEI: I THINK AS AN EDUCATOR AND SCIENTIST, ANY THREAT TO HUMAN SOCIETY INCLUDING EXISTENTIAL IS WITHIN OURSELVES. IS THE HOW WE HUMANS, WE OWN THE POWER OF TECHNOLOGY.
34:29HOW WE HUMANS COLLECTIVELY WORK TOGETHER AND GOVERN IT AND HOW WE HUMANS USE THESE POWERFUL TOOLS TO MAKE OUR LIVES BETTER.
34:37ED: ARE WE HUMANS IN CONTROL OF THAT?
34:43WE -- FEI-FEI: WE MUST BE IN CONTROL. I HAVE BEEN ADVOCATING FOR YEARS THAT AI, IT IS NOT ABOUT AI, IT IS ABOUT HUMANS. IT IS ABOUT OUR SHARED AS WELL AS INDIVIDUAL DIGNITY AGENCY AS WELL AS OUR RESPONSIBILITY. AND THE GOAL OF OUR CIVILIZATION IS TO CREATE A BETTER SOCIETY FOR FUTURE GENERATIONS.
35:05AND WHETHER THE TOOL IS ELECTRICITY OR AI, WE MUST USE IT RIGHT. ED: CAN WE BRING THIS BACK TO WORLD MODELS TO END? I THINK I'M RIGHT IN SAYING YOU BELIEVE THERE IS NOT RIGHT NOW A SUFFICIENT BENCHMARKING FOR WORLD MODELS TO ASSESS LOTS OF THE THINGS WE ARE ABOUT. WHO SHOULD BE RESPONSIBLE FOR SETTING THAT BENCHMARK? FEI-FEI: GREAT QUESTION. OBVIOUSLY, SCIENTISTS, ENGINEERS WITHIN WORLD LABS, WE DO A LOT OF BENCHMARK. OUR BENCHMARK CARES ABOUT SAFETY.
35:36OUR BENCHMARK CARES ABOUT THE MODEL CAPABILITY. BUT THE BIGGER PICTURE IS THAT THIS QUESTION OF EVALUATION AND BENCHMARKING SHOULD BE AN ECOSYSTEM LEVEL RESPONSIBILITY.
35:48ED: IS THERE A FORMAT IN MIND?
35:54FEI-FEI: I'VE BEEN ADVOCATING FOR PUBLIC SECTOR VERSUS A PATIENT IN THIS TECHNOLOGY. ED: REGULATORY BODY?
36:01FEI-FEI: THROUGH ALL OF THE ABOVE. I COFOUNDED STANFORD HUMAN CENTER AI INSTITUTE BEFORE CHATGPT WAS RELEASED. WE FORMED A CENTER CALLED LANGUAGE MODEL RESEARCH CENTER TO PUT OUT THOSE BENCHMARKS, YOU KNOW, YOU WOULD SAY 50 YEARS AGO WAS ONE OF THEIR VERY FIRST BENCHMARK OF AI. I CONTINUE TO BELIEVE IMPORTANCE OF BENCHMARK FROM INDEPENDENT BODIES AND PUBLIC SECTOR BODIES LIKE ACADEMIA AS WELL AS THE SHARED
36:34RESPONSIBILITY OF INDUSTRY, OF GOVERNMENT TOGETHER. ED: DR. FEI-FEI LI, ACTIVE RESEARCHER, ACADEMIC, PIONEER IN THE FIELD OF AI. THANK YOU FOR COMING BACK TO US ON "BLOOMBERG TECH." COMING UP, WE GO BACK TO NEW YORK AND THE U.N. GENERAL ASSEMBLY FOR THE LATEST. THIS IS "BLOOMBERG TECH." ♪ ED: THIS GET BACK TO THE U.N. GENERAL ASSEMBLY.
37:09THIS SENATOR WARREN ISSUES A LETTER TO PRESIDENT PRESIDENT TRUMP ASKING HIM TO CONFIRM NVIDIA JENSEN HUANG WON'T BE AT THE TABLE WITH CHINA'S XI JINPING. TYLER KENDALL HAS THE DETAILS. TYLER: THIS IS COMING JUST MOMENTS AFTER PRESIDENT TRUMP ADDRESSED THE U.N. GENERAL SIBLEY WHERE HE APPEARED TO PUSH BACK ON THE IDEA THERE COULD BE SOME SORT OF INTERNATIONAL PACKED THE GUARDRAILS ON AI, TEAMING UP AHEAD OF HIS READING WITH XI JINPING LATER THIS WEEK.
37:40SENATOR WARREN IN PART SAID IN THIS LETTER, "SHE WRITES WITH SIGNIFICANT AND CONCERNED ABOUT THE RISK THAT YOU WILL DOUBLE DOWN ON YOUR DANGEROUS APPROACH TO ARTIFICIAL INTELLIGENCE IN YOUR UPCOMING TALKS WITH XI." THAT IS GOING TO RAISE QUESTIONS ABOUT WHAT SORT OF DEMOCRATIC PUSHBACK ON CAPITOL HILL THERE MAY BE TWO PRESIDENT TRUMP'S PUSH WHEN IT COMES TO ENSURING THAT AI DEVELOPMENT IS NOT SLOWED DOWN.
38:04AS YOU WILL KNOW LATER THIS WEEK THERE WILL BE A STATE DINNER ON THURSDAY WERE A RANGE OF TOP TECH LEADERS WILL BE IN ATTENDANCE WE INCLUDES JENSEN HUANG AS WELL AS BLOOMBERG IS CONFIRMING NEGATIVES LIKE MICROSOFT, OPENAI, AND QUALCOMM WILL BE IN ATTENDANCE AS WELL. ED: TYLER KENDALL AT THE U.N. ROSE GARDEN. THANK YOU VERY MUCH. THAT DOES IT FOR THIS EDITION OF "BLOOMBERG TECH." WE STARTED WITH THE PRESIDENT AT THE UNGA.
38:34YOU KNOW WE DO FIND IT AT THE TERMINAL COME ONLINE COME APPLE SPOTIFY, IHEART RADIO THANK YOU FOR WATCHING. THIS IS "BLOOMBERG TECH." ♪