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It was hot hot hot hot. We were celebrating some of the early women, including Ada Lovelace who wasn't living. She was not there. It was really cool. They felly, Barbara Gross, Karina Cortez, all these people who were super early and made big changes in AI at the beginning and still today. It was cool. It was one of the big Stanford Institutes on a human-centered AI. It was cool. It was Stanford in terms of ethics and they're trying very hard.
40% of all venture capitalists, either graduate from Harvard and Stanford, and I bet 70% to 80% of all capital allocated, I know the 40% number. I'm speculating that 70% to 80% of gross dollar volume allocated by venture capitalists comes from graduates of Stanford and Harvard. What do you know? A health care system in Palo Alto gets funding, but anything around fan care does not get funding.
These women pointed out quite a number of the problems in AI too. It was great. It was a real privilege for me to do it. Speaking of women, let's bring this back to me. You know those memories that Apple does where they spin up a video from your last. I hate them. I'm playing them on my death, but they typically involve my children and it's like water works for me, but I love them. I think they're amazing.
That is probably the portion of AI that's affected me the most other than Netflix figuring out what movie I want to watch next. I had this memory come up and it was, well, let me back up. I was on Pierce Morgan last week and he asked me, who would you want to be president? And he asked me if I was running for president. I said no. And then I said, I had this word salad of senators, Klobuchar, Bennett, or Governor Newsman.
I was totally unprepared to answer the question and I started thinking about it after who would be, who would be the best president of anyone I've ever met, ever, who would be, who do I wish could be president? And I thought about it. And literally that day this Apple memory came up. They got me so fucking angry. And it was from eight years ago. And the answer is the person I came before in 2016 Hillary Clinton would have been standing president.
I saw you put that up. I didn't know you would have been I would have been do stuff like that. That's amazing. But go ahead. Oh my God. A canvassing for Hillary Clinton and in what I'll call the great inland empire of Florida was not fun. We're talking pit bulls and angry white people. I know that's identity politics. But you want, I was talking to myself when my son gets older, I got it.
I got to bring him on this so he can get used to rejection and get some thick skin. Because when you're banging on a door in a lower middle income neighborhood to talk about, and you know, in that that moment, I realized she was going to lose because I would knock on the door. This is 2008, right? Correct. Yeah. No 2016. Okay.
2016, which was running against Trump. And and I would knock on the door of a black household. And they'd open the door and they would say, thank you really nice. And I'm like, are you voting for for Madam Secretary Clinton? They're like, yeah, I'm like, do you know your polling booth is and they'd say, no, I'm like, oh fuck, she's going to lose.
They they aren't they aren't going to turn out. They're just humoring me. They feel good about her. But they're not going to, they're not going to show up to the polling station. And this video came up and you want to talk about how important elections are. If she had been elected president. We wouldn't have, in my opinion, the runaway deficit spending we have on a very boring but important topic because she is actually,
physically more modern and has more discipline than the majority of vast majority of Democrats. She is outstanding. If you've seen her talk about Ukraine and Israel, she's incredibly pregnant. And you know what else one and five women. And this is probably in my opinion. And there's a lot of things to be outraged about. But in terms of what really impacts people on a ground level in America right now.
Slowly but surely or I would say crisply but surely one in five women who need to terminate a pregnancy now have to leave their state. That's right. And that just would not have happened. If president Hillary Clinton were not just that Scott yesterday the Senate rejected the Senate Republic's directed contraception as a federal right. But go ahead.
She was the most qualified person. I mean, let's be clear. She triggers people. She's not likeable. She was the most competent experienced intelligent thoughtful pragmatic person to have ever run for president. It is.
You know, let me talk in two things. Two things. One, if you go back and look at her predictions of Trump, there is spot on like you go back. Not just a little spot on like as if she knew exactly what was going to happen and she describes it perfectly. Secondly, she he threatened to jail her yesterday in an interview.
He threatened to jail her again. And then the pretendity didn't say lock her up. He said, I never said that. But of course then they bring out the videos of him saying lock her up. He's such a liar. He said, and then he actually said, maybe I should maybe that's what we should do is jail my end amazing. So anyways, and thirdly, the take on her. I agree. I think she would have made a great president. The take on her of course among those people is always that she is among the group that likes forever wars.
And that is the one thing that I think I disagree with her on a little bit more than maybe you did. But she would have been excellent. I'm just saying that's the well, the negative take obviously the Bill Clinton stuff and everything else. But that was more. That was not that was not the pales in comparison to Trump.
Call me among the group of war hawks who believe that if it was a president Clinton that Putin would have thought twice before pouring over the border. But yeah, but but secretary Clinton was absolutely not afraid to use American force.
And there's a reason why we have decided to spend more money on our military than all other nations combined are the top 10 biggest spenders combined. And I think it's because unfortunately there's some very angry mean people out there who if and when they can we'll take our Netflix and our espresso by four. The moment they feel they can I don't I absolutely do not think Putin would have come over the border in Ukraine had a secretary had had had the president been president Clinton.
And anyways beyond all of this reverse engineer. I think I literally think if we look back in history around the biggest errors. In our society I think we'll look at our entry into South East Asia in the 60s of the escalation there. I think the entry into Iraq was a fucking disaster. And I think a real pivotal moment that his set us back dramatically was not was was was madam secretary Clinton not being elected president.
I just say you're where speaking of the jailing thing I have an interview today I believe it posted with representative of Cassio Cortez. I was in your car. She she she talks about that she thinks he would jail her to anyway it's a really is full of news the interview but that's you know just keep that in mind.
To be honest you see behind bars make a very good film for sentiment is that wrong. That is wrong. That is wrong. In all seriousness God he's talking about jailing people like Clinton which is of course something he would do anyway.
It won't be funny when he actually does it. New York could become the latest state to legally restrict social media for kids speaking restrictions. Attentive agreement would force social media companies to do I would algorithms for children's content instead they have only to show posts by accounts kids follow in order that they were posted the legislation also prohibit platforms from setting notifications to minors during overnight hours New York governor Kathy Hocal said she believes this regulation make social media less addictive for kids.
This is something right up your alley Scott do what do you think about the government coming in here there might be I wonder if they'll be first up course that will be first amendment challenges here but what what is your thoughts on this. The way I express affection is with money and I immediately sent governor Hocal contribution I think that she's showing real leadership here. I don't think anyone under the age of 16 should be on social media.
What has done more damage to youth pornography alcohol like what's done more or social media and these mandatious fox are claiming that they're worried about their first amendment rights.
Anyone I'm dealing with this right now. There's cigarette companies as Mark Benning have said to me so famously in that interview there's cigarette companies and we regulate cigarettes it's not your first it's not your right to have cigarettes as join right but but not nearly as many people 13 year olds are access. Cigarettes as they were our access to social media so it's a word.
Yes apparent who is dealing with this you think well okay just take the phone away and don't let your kid on snap or on Instagram said no no one who has kids.
Unless we collectively pass legislation the ban stones and schools and age gates I mean really age gates not this bullshit put in a date we're going to continue this is the thing we're going to regret most is what how we let happen to our kids so anyway I think it's interesting because you know I think this should be a natural law to I think it's this is nothing due to the first amendment we regulate kids on not children driving drinking.
This is very similar and and they will that that's what they're going to play this will probably go to the spring court be my guess I don't know why these companies would resist this particular thing but there will be elements that want to resist it and it's a costly for them to do what they're doing but this is this the algorithms that's a problem showing posts by the accounts kids follow is is is just it's what they pick and then you know it just removes the algorithmic.
Intensity around these kids that they get you know so you like this you might like this and I do tell that story of my son he wanted to listen to Ben spirit here what he was saying I said great you should listen to him I think he's an idiot but you should listen to him just so you can make your own decision he was older maybe 14 15 at this point and I said I think you'll find him an idiotic but go ahead and and he did and then you found a mediotic which is what happened and stop saying I prevented my son from seeing am I did not I want to do that.
And that was what was problematic to me is how it then degenerated and it's this is not Ben Shapiro's fault into really disturbing and more than 10 days. Yes exactly that I don't know if it was entertaining or whoever it was but it when I saw what it degenerated into and I had a discussion with Susan would just about this we ran you to it was shocking the the algorithmic
generation and down the rabbit hole and that was what I was disturbed about and I didn't quite know what to do because I wanted him to be able to sample this person and decide on his own and where it went was really disturbing as parent it was quite an eye opening moment for me for sure.
I just a couple things I find a lot of Ben's views disagreeable I think he's I don't think it is the right word he is incredibly intelligent young man is also a very good business operator I think anyone in high school who is on the debate team should absolutely tune into bench appear to understand how he makes his arguments and how incredibly crisp and I don't know he is on his feet.
I don't I don't agree with many hasons views on certain issues but I think young people who are interested in understanding critical thinking and arguing and debating should watch him because I think he is very intelligent and makes very forceful arguments and the same is true of Ben the thing about the algorithms is the following is it is that the algorithms are there solely to create shareholder value and these these indifference a moral algorithms that figured out that rage and things that make you feel bad that you can't turn away from.
Oh, you like Ben Shapiro will you like Andrew Tate saying that women are property and you or you'll hate it so much you won't be able to turn away from it and it gets you to oh you're feeling bad about yourself will tell you what we're going to have this we're going to have a video of a woman who is five nine 95 pounds talking about suicide because you're not going to be able to turn away from it and before you know it you're you're normalizing
extremist radical is self harm ideas these algorithms and not like that we blame the algorithms it's the mandatious fox who know what the algorithms are doing that should be held accountable or they should show transparency of how they make them the transparency and out the black box so we know what they're doing anyway we have to move on but we are for this governor of local so here we are speaking of problematic content on the other side
X users can now post view and share adult nudity and sexual content thanks to a new formalized policies this is a road that Jack Dorsey thought about going down and pull back from and thought about going down but under the policies X will now consensually produced and distributed adult pornographic content good luck controlling that X because you don't get it anything else as long as property labeled and not prominently displayed I don't know what that means because again they don't have to staff to control it
platform will still prohibit content that's exploitative non consensual and promote sexualization of minors on the last one they better because they will be in the world of heart if they don't
adult material is also allowed under pre-eal on Twitter although no official policy in place they're just you know they're saying come one to mall there it was there but I got to tell you I've never seen so much pornography on on on Twitter since he took over it's really it's all my feed all my ads constantly
when I go on there which I don't very much at all anymore but it's there's not a day that I know get 10 or 12 pornographic content that I is unwelcome and I can't figure out a way to stop it and and make it go away I'm a two minds on this I think pornography I think adults should be allowed to consume pornography
and I think as long as they understand caveat amtar that there might be porn on the site and they're given the ability to opt out I don't think there's anything wrong with it I think adult content there's even some data showing the pornography is not as harmful for for for teens is a lot of people believe but anyways what is the most the most frightening thing here
and let me back up tumblr was a porn site in the moment they get they put they stopped pretending they people got so sick of them pretending it wasn't a porn site that they said okay and they were forced to take the porn down it immediately went from a company that was acquired for 1.1 billion to a company that was
eventually re acquired for $3 million right so porn works online some of the biggest sites in the world are porn companies the top three global pornography sites each have more traffic the Amazon Netflix TikTok and open AI so I think pornography is something that I think that's fine as long as people know what they're in for what is really problematic about Twitter is relates to porn is that it's a slow
incremental stepped step to what Twitter is responsible Twitter is responsible for 49% of child sexual abuse content found across social media search engines and cloud services from 2017 to 2019 so if you believe this could be this free for all could be a dangerous step to and then and then you layer into 30 protection Twitter has a bigger problem here and that is you
know this this content which is not only not only wrong but it's dangerous and puts kids in harm's way half of it I mean Twitter has single digit market share across social but it has it owns half of child sexual abuse content that's not a good number for market share so I'm of kind of I'm sort of like I'm a mixed mind here it's bad for the product it's it makes a
good idea and it's really it I agree you should be able to do it but it's just I can't even tell you it's but it's it's a Nazi bar with pornography now I just don't want to say it's like it whatever good luck with your pornography business do I would urge I've asked you to do it and I'll ask everyone else to do it and that is what I do people send me links to stories on X did I can click on I haven't posted on X in a year and I write back I'm sorry I'm not on X can you please send me the
directly. Yeah. Yeah. Yeah. You do. And you I'm constantly parent, the statement that you made that kind of brought it home for me. Why are we painting this guy's fence? She's absolutely right. Why am I getting more clicks and more Nissan ads for? I have to see what they're up to because I talk about a lot more, but I would agree with you. Absolutely. Last thing, someone's back speaking of Guess who's back back again, Shane Smith, co-founder of Vice Media, I
character is returning the forefront of Vice news. He's kind of a little bit like the Adam Newman of content. He's much funnier though. As a correspondent, Smith was previously executive chairman of Vice, which last year his file for bankruptcy protection laid off most of its staff, many people blame Shane and his incredible spending. I was there to see a lot of it. Vice says at Smith will host a podcast for Bill Mars Club random studios. It'll it'll run on Vice's TV
channels. Smith will also report a peer and other news networks with commentary on the 2024 election. Oh, he's Shane is a character. A lot of people do blame him for creating the mess that became Vice Media in the spending. I always thought it was an artisanal advertising business and not content business, but it was sort of in your face, hipster, like, I don't know, armchair, more commentating and stuff like that. I don't know. What do you think? They can have they
have to come back. You know, he's he got a lot of money out of that company. I don't know what to think. I mean, good luck Shane, I guess. I don't know him well, but I like Shane Smith. I had I think he's a character. I think he's for lack of a better turn. I do think he's a bit of a visionary and a salesperson. And I think this was a story of convincing people that a company was something it wasn't. And it was just immediate company addressing a valuable niche that should have
never raised or received money at the valuation they did. And then I think probably some management miscues and they couldn't, you know, the whole thing turned into a shit show, which is I tell entrepreneurs sometimes, even if you can raise money, it's some crazy valuation. You do have an obligation to take it, but be thoughtful. There's no free launch when you raise money. I think at one point you raise money at like a $5 billion market
capitalization. And then all of a sudden, your investors are going to realize they made a mistake and they're going to get angry and it creates dysfunction. And then your employees think, I'm not getting any money because my options were struck so high. Anyways, but I didn't even know I wasn't even sure vice was still around, but it's got a nice brand. That is a back in the day company. It was Shane Smith running it. And they had a really cool headquarters, which I always was like,
okay, this is where the money's going, right? It was it was these beautiful headquarters and Williamsburg and Brooklyn hipster out the Yin Yang. Some great shows, fuck, that's delicious. Everything else, they did a lot of really some really cool. Oh, it's an outstanding shows outstanding shows you had one there too. That's right. I quit that show. I thought it was so awful. I remember in any case they had some back to back to Scott. So my story you were just going to go ahead. Go ahead.
Go ahead. Talk about it. No, no, no, I feel bad. I feel bad. I was going back to make. So what I remember being there one time and when you entered the headquarters, there was a bar. Did you remember the bar that was there right in? I never want to HQ. All right. HQ had a bar in the lobby and the employees were looking were like, we're always drinking their day drinking there in this bar. And I literally looked at it. And I think it was the Shane, I said it or one of them, I go,
oh, look, an HR violation waiting to happen. And they had a lot of HR violation problems there, a lot of a lot of stuff. And they spent enormous amounts of money. I remember Josh Tarangel was doing that show, the vice news show. And they had like a hundred dizzillion editing booths that looked like the top of just the money that he spent, like, especially Rupert Murdoch's money was insane. And I was running my
little media company. I was like, how do you? Before this, because I can't like, you know, anyway, but I was responsible. Go ahead, tell your story of your show. They decided they wanted to get into thought leadership. And they launched a show with me and a non gear to us. And it was COVID. I had a full studio, a non had a show. I had a show. And basically they said, do whatever you want. And and then they cut it up and edited it in sort of like to appeal the youth, fast cuts, tons of
the colors everywhere filmed. It was filmed literally in my garage by my tech head of technology, Drew Burrows and my, the, the, my partner who runs PropG Media, Catherine Dylan, everyone in masks or remotely, usually there wasn't even anyone in the studio with me. And I screened it at my house with some friends. And we watched 21 minutes of it. And then this, and then I looked over and my wife was crying. And I'm like, that's not a good sign. And she's like, what's this going to mean for
us? Like, this is so bad. Wow. I love you. I love you. She's nice. And I remember my youngest son looking at her like, oh my God, this is really bad. I mean, and all I could think of was like, oh, fuck, I had signed up for six shows. And I had five more. And all I could think of was, how do I get through this and then accident? And then after three weeks, the person who ran by his television call, it's that I have great news. They love the show. It's doing really well. And we want to sign you
up for another 12 shows. And I'm like, there's no fucking way I'm doing another show. I'm going to see it through the six I'm out. And they called me back. And this is, this is, I thought, provided some insight into television. They must have called me back six times. And they were genuinely flamixed that I would leave TV. It is so clear that when people get on TV, they literally cling to it like like an African dictator clings to power.
Yeah. Nobody ever wants to leave television once they're on on like, I'm out. I hate this show. I look like an old man having an epileptic seizure. This is just not the vibe I want in media. Anyway, that's my by story. Anyway, they did do some great journalism too. At the same time, some of the reports were quite good. In any case, Shane, welcome back as usual. No one gets to go down in the internet economies. Anyway, let's get to our first big story.
Yeah. Federal regulators have reached a deal to move forward with anti trust investigations into the AI industry. You knew this was coming. The Justin Svarm is going to investigate in video while the FTC will get open AI and Microsoft. They split it up as usual. Lena Con and John Cantor, John Cantor, the assistant AG for anti trust told the financial times that he was looking into the AI sector with urgency and specifically monopoly choke points. He's good that he's getting here early. It took
them decades to get to Google. So it's probably smart that that they put everybody on notice. It's interesting about NVIDIA and other companies could be in trouble. I'm not sure if they'll be in trouble, but it's good that the government is looking at all these different weird deals, including that one more Microsoft essentially bought a company and pretended they didn't. NVIDIA currently has an estimated 80% of the market and AI chips, well that won't last.
They're sort of in the Cisco position that Cisco used to be on in the early internet. Microsoft reportedly structured its minority stake in open-air and part to avoid anti-trust scrutiny. They've been very good on deals like this. In spite of the Santa Truss news, it's been another big week for NVIDIA. The company hit the $3 trillion mark on Wednesday passing Apple and the World's Second Most Value Bill Company. Microsoft still has the top slot.
NVIDIA's 10-for-one stocks, but goes into effect the close of trading on Friday, which will probably take it even higher, and move likely to attract more investors, and the price goes up. They're also a picture of Jensen Wong signing someone's breast, which was sort of like, he wears his leather jacket, it looked very rock starry. Couple of things, first about the anti-trust thing and then we'll talk about the NVIDIA bubble, which hasn't burst at all. Talk about the anti-trust stuff first.
The two biggest tax cuts that would lower prices for corporations and consumers globally would be first and foremost, if China and the US could estimate up. Their supply chain, our IP consumer culture, their problems around, youth unemployment, our problems around inflation, I mean, it's just a marriage made in heaven. We need to kiss and make up. The she and Biden need to realize that the two largest economies when they come together creates peace and prosperity. So I hope that happens.
The second biggest tax cut, and it might be the biggest, is if we triple the budget of the DOJ and the FTC, and we fertilize the entire corporate world with a bunch of amazing companies, and how we would do that as the following, is we look at home renovations, agriculture, chicken, beef, media, there are so many industries where three companies control between 50 and 80% of the industry. Everybody thinks the free market results in prosperity?
No. The free market results in a series of companies that perform really well, have outstanding leadership, get cheap capital, use that capital to create regulatory capture, and then get to a scale where they run away with it, and small and medium sized companies end up dying a slow death. The fertilizer here would be to go in and take the 50 biggest companies dominating their industry and turn them into 300 great companies.
Employers or employees would be able to charge higher rents for their labor, there'd be more tax revenue. It, this would be the biggest tax cut in history. And it needs to start, or one of the places it should start, is in big tech. And there has never been, as far as I can tell, a breakup, where we look back and thought that was a bad idea.
Now, as it relates, let me play the other side here, as it relates to Nvidia, I don't think Nvidia is where you start, because what you want to be careful of is saying that, because someone is so successful and so big, that's not a catalyst for breaking up a company.
I mean, I would argue my old company, the company the bottom line, Gartner, I think any trust officials should look at that company, because it is hard for anyone to emerge in syndicated research, because Gartner shows up and acquires little companies, including mine, and such that no one has any choice. And what you have is corporations, I'll hate this company, but they all use it, and they have what I would call kind of unfair pricing.
So being big and being worth $3 trillion, doesn't necessarily mean you should be broken up. Sure, sure, that's the argument, that's the argument.
But the point being, besides the financial elements, which you've talked about quite a bit here, I think it's that they need to be seen on the job, the cops on the job, and looking, even if Nvidia may be not the first one, it's the obvious company to at least mention, that we're looking at you Nvidia, we're watching you, and we're looking for competition, we're looking for you not to try to goose prices, and restrict the ability of people to get these chips and things like that.
So that's important. The real company here to look at is Microsoft, and everything it's doing. Or Alphabet, or Matter. Yeah, absolutely, but I'm saying, these minority stakes that they're doing, and it's including buying inflection AI, that was a purchase of a company, versus taking the guy who ran it, Mustafa Solimon.
I think it's very good that Kantor, and very canny, that he is looking at them, whether he can do anything about it is another story, but they never have, and they're doing it early. So that, to me, is a good time. So to your point, it's typically not the action itself and it creates better behavior, but scrutiny. Right? Microsoft, Microsoft, the decision to break up Microsoft, which was overturned in an appeal court, was not what had an impact on the ecosystem.
It was that Microsoft said, okay, we're gonna stop bundling internet explorer, and as a result, or we're gonna stop forcing Bing on people and Google emerged. You know, my joke is without the DOJ or the FTC, we'd all be saying, I don't know Bing it, right? So, antitrust action works, you know, again, it's the scrutiny, it works really well, and they have framed it incorrectly.
Right now, the Republicans and the incumbents will frame it as you're holding back winners, being bad and being rich isn't bad. I'm gonna push back on that. You know, in this interview with AOC, and she said, it's really interesting because I have found common ground with a lot of Republicans. She's all out. So they all hate the Republicans. Yeah, agree. They are with, there's all these groups that love Lena Kant that are very right wing, you know what I mean?
Well, Josh Colley wants to break up. They call conistas or they have a name for their confants, or Lena Kant fans, and I asked AOC about this, because she's also, yes, she's also, well, she hangs out with that gates on these issues, and so I said, this is interesting, you're doing a lot of these, some of these things with an egg. He's a little old for her, but anyways. No, sorry, couldn't have.
She was, let me talk about a series like it, and she said, Cara, it's really interesting that I find common ground, and there is a real common ground. She said, for different reasons, but we are together on breaking up big tech. She was like, we are absolutely lockstep, and fans of cons, fans of this. So I'm not so sure, the old Republicans, which are like, don't restrict these innovative geniuses. Right. That is not who's in power in the Republican party now.
Yeah. Anyway, let's move very quickly to the number. This shares across the trillion dollar mark last summer, it moved to two trillion dollars this past February, shares have risen 20% since the first quarter earnings reported in May, 24% with the stock surging 147% so far this year. Apple, of course, is now three. I don't know if Apple should be concerned about this.
I do think this is the Cisco situation, which happened during, remember Cisco was the top of the top, and then it wasn't, but because it was making routers and things like that for the internet, they were selling the picks and shovels of the internet at that time. The stock split is good for investors, it always is. All these stocks, but it's always are. Google did it many years ago, as I recall, it's surged. So is this number?
You talked about it, come maybe right when the earnings were around, and you said, I wouldn't bet against this, because this is where investors are going to put their money. What do you do now? I ran it to someone who's husband works for Nvidia, and we don't know what to do. All of a sudden, we're really rich, and at the same time, selling it is, and therefore six years, however many years, and they don't know what to do.
They don't know, like they're thrilled, but at the same time, nervous is all fuck about where this is going. So can I advise your friends first, and then talk about them, video? Yeah. When you wake up and you find yourself blessed with a large concentrated position because you're working at Nvidia, and all of a sudden you have $3, 5, 10, $20 million worth of stock, there will be a lot of soft pressure to stay in the company and show that you're in it to win it.
Apps of fucking Lutley exercise those options, sell as much as you can and start diversifying. Sometimes you have to be concentrated in the beginning and go all in on buying a house or starting a business, but the moment you have a million, the moment more than 80% of your network is in any one thing you need to start diversifying. Your friends don't want to get rich, they're already rich, they don't want to get poor.
So they need to start diversifying and they may think Nvidia is amazing just as people thought Cisco is amazing and let me draw the distinction because I've made the comparison and people, including Josh Brown, who I really respect, called me or texted me and said you got one thing wrong. As Nvidia stock has gone up, exploded. Unlike Cisco, its actual PE ratio has gone down because their earnings have exploded even faster than the stock price. So there's a fair distinction.
However, at $3 trillion, the moment, the moment a company, the moment meta or more likely Microsoft announces a new AI GPU that's fairly good. The moment a big company says we're cutting back by six year 80% are spent on AI. All of these companies get recalibrated because it has become insane, but you want to talk about Nvidia. Nvidia is the most successful company in history as measured by value creation in such a short amount of time. In May, it added $750 billion in market cap.
So Nvidia added the value of any company in the world, except for maybe the top seven or eight more valuable in one month. And here's the problem with the S&P and these indices. The S&P 500 is up, I think 13 or 14% year today you think, oh, the market's doing well. It's probably all in big. It's doing well. That's right. Oh, young people should be happy. Well, guess what? Unless you were smart enough to figure out don in video, your returns have barely paced with inflation.
So what we have is income inequality squared. And that is a small amount of companies, even the tech companies that I can't say were AI are losing market cap to Nvidia. But this thing, it is absolutely mind blowing what this company has been able to pull off and what this company represents from a larger business strategy standpoint. And what is so unique about this company is that the only way you can get to a trillion dollars market cap now is to be an asset light and IP heavy company.
Supposedly, the thing that was always going to be the mode for AMD and Intel was this $10, $15, $20 billion or cap X they had to make in these chip factories. And then Nvidia comes along and says, no, no, no, no. The secret sauce is in the IP. It's in the design and we will contract out the slack supply of infrastructure and chip, chip plants, which would have just been unheard. And now they're worth more than the entire industry. This is the go to move.
This is the change in the economy, asset light companies that are totally focused on IP versus hard assets. So let me point out today, right now, Nvidia at the beginning of the year started $481 share, almost $482, now it's $1,220 through triple. It's just an astonishing situation in its max, which is crazy. It bumped along the bottom forever until there was a little bump in 2022. It was a gaming, it was a gaming gen. It was for gaming. Yeah. And again, I interviewed Jensen.
I did not let him sign my boo. But he was an exciting, I would say. You know what I mean? It was an unexciting company, although very, he's very competent and everything else. But it's an astonishing, if you go look at the charts, it's crazy. And this is what I told these people, same thing. I was like, look, I know you're going to leave stuff on the table here because people are crazy. And they are, they only alternate. And they're doing very well.
But boy, boy, boy, boy, boy, is that make me nervous? Right now the PE ratio is 104. It was 75 yesterday, certainly rising as people buy this. And as they split it up, it will be even more as it will. It just will. That's what happens when it happens. And this is what regular people think of as the internet. Let's get into Nvidia. So it's just, it could be real bad for some people. That's all, it could be real good for some people. I love this game.
In just the last five months, Nvidia has added the market cap of Amazon or the GDP of Australia or in the last five months, Nvidia has added the market cap of JP Morgan, Walmart, and Tesla combined, combined. In an unrelated story, I was out of fundraiser with Emily Rodikowski last night, two nights ago. I didn't say hi to them. I was too intimidated. I'm so intimidated. You know who did come up and say hi? That was Natalie Portman. She is beautiful. And she still looks 25.
Why did she say hi to you? She was a small thing and she just came up and, you know, was Emily really there? I wouldn't lie about something like that. Yeah, she was there. She didn't say hello to her after all of this. You know what I was thinking about? When I was a younger man, when it got up and said hi, I thought I'd go up and say hi. I'm SkyCali, Karris Fisher's co-host on Pivot. But what I was thinking about, and I hate this about myself, I've gotten so used to people coming up to me.
I no longer have the mojo and I'm too arrogant to go up to other people and I gotta stop that. I gotta get my mojo back here. I do it all the time. I wait for people to talk to me. Now, all right, okay, well she didn't. So anyway, we'll move on. We'll see in video people. Good luck. Good Godspeed. In related news, do you think AOC would sign my boob? That's good. No, that's good. Oh, she's gonna say she would eat you for lunch. Let me just say it's a great interview. Full of news. Full of news.
She is a sharp, is a friggin' cheese. She thinks so quickly. I have never interviewed someone that was, I found hard to keep up with. Anyway, let's go on a quick break. When we come back, we'll talk about an open letter from OpenAI employees and take a listen to mail, question about a recent ruling on grants. Mm-hmm. Support for Pivot comes from Atlasian.
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doubleSIN.com. Atlasian. Support for Pivot comes from Green Light. Talking about money is never easy. It can be especially difficult explaining dollars and cents with kids who are just beginning to understand what money management even is. If you're looking for a little help with those tricky talks, you may want to check out Green Light. Green Light is a debit card and money app made for families. You can send your kids instant money transfers and get real-time notifications on their spending.
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Carefully consider the investment objectives, risk, charges, and expenses of the Funrise Innovation Fund before investing. This and other information can be found in the funds perspective at funrise.com slash innovation. This is a paid advertisement. Scott, we're back with our second big story. Again, more drama to open AI, as safety people fight, non-safety people, I guess. It was actually a topic we talked about last night.
A lot of these women were like, everybody's a little bit much on the dreamy part and a little bit much on the dramatic dystopian part. I trust these women, what they were saying. A group of open AI insiders is demanding AI companies increase transparency and whistleblower protections. I would agree with that. An open letter, a group of current and former employees expressed concern that the company hasn't done enough to prevent AI from becoming dangerous.
The letter says that AI companies, overall, including open AI, have strong financial incentives to avoid effective oversight, you think. OBA has recently made news for agreements to party employees or ask to sign, which threatened to revoke stock option grants for non-cooperatives. Of course, they've said they are going to take those off. In a statement, open AI said the company has an integrity hotline and a safety and security committee, which is, of course, Sam Altman's on it, kind of thing.
It's a board committee. I don't know. These open letters, I think this is their moment, the safety people, and they all got laid off essentially and pushed to the side in this run for the money, kind of thing. Not just money, but power and money. I am not sure lawmakers will get involved. The letter of voice concern that regular whistleblower protections aren't enough because they focus on legal activity and the industry is not yet regulated.
Although whistleblower has worked for Francis Hogan and others, should the company be worried about all this bad news open AI, but it was targeting all the AI companies, but it's certainly open AI's at the center of this. The way in did he is at the center of the chip AI chips. But at the same time, Apple's expected to announce a partnership with open AI to integrate chat GP2.
It keeps going open AI with its news agreements, but this is an agreement with Apple to integrate chat GPT into the iPhone operating system. It next week's Worldwide Developers Conference. The companies are reportedly discussed using chat GPT to power Siri, which would be great. Anybody can power Siri. I could power Siri better than Siri does. Or as a standalone app, Apple is reportedly still in talks with Google about using Gemini on phones, but is yet to reach a deal.
Apple's a customer of all these companies. Talk a little bit about the first part. I mean, the drama piles on with this safety group because I'm going to just before you took on that, this company started as one thing and it's become another. And you're going to have disappointed people who thought it was one. They thought it was, it reminds me of Google a little bit. There are a lot of people who started Google were very innocent and thought it was to help the world and it wasn't.
It just wasn't. And so you're going to get this kind of disagreement. And the people who believe that AI is going to kill us are very intense and very, believe very much. This is a dangerous situation. And those who are on the dreamy side is going to cut your cancer and everything else are like, what are you talking about? And then right in the middle is the money. And that's where I look at. That's what I look at. So first of, I think from this point forward, we should call it Microsoft AI.
Let's just call it what it is. It's not OpenAI. It's Microsoft AI. And as it relates to this notion that OpenAI employees warned of open quote, reckless race for dominance, that's the type of people I invest in when I'm trying to make money. And I don't, I find it just sort of cute and stupid and ineffective for former employees after they've been paid or got their severance to now say they're worried and granted some current employees are saying this. But enough already.
This is a Microsoft division. And it should come under FTC and DOJ scrutiny. And two, that safety team in those individuals need to figure out a way to get to Washington. And if they really are serious about nonprofit and saving the world from AI, go to work for a regulatory firm or Senator Schumer's office or something. But all of this is a fucking soap opera and a misdirect. And that is DC needs to get their arms around this technology.
Break up companies that become too powerful, like a Microsoft, like an alphabet, like an Apple, like a meta, and we need people in Washington who have the power of the courts, the power of finding the power of regulation to regulate these companies. Instead of listening to people who invented Frankenstein and then get worried that Frankenstein's going to start throwing your friends' kids into the river. That's not helpful. That's what I say. I said, go work for government.
I've said it to several people who are worried. I was like, well, I have an idea. Like go work for government. Because one of the things that's interesting, they do see me as like a fellow traveler, like I'm very worried about their power. Let me just say I couldn't be, I'm someone who's always saying these companies have too much power. Well, do something about it, not just by these open letters. Go work for government and help regulate these companies.
Help create laws that are smart, your technical people. You can talk, tell us about the problems. The same time, being overly dramatic, when there are obvious benefits, be honest about what's going on here, right? It's not just they're making the money. I, when you talk to them, it's literally, again, at last night with these women, they were, they exactly laid it out. They're like, here's the problems, here's the benefits. Let's figure out how to have guardrails.
They were so sensible because they were just older women who've been through it all. And they were being so reasonable about how to deal with it. There is a ground here where we can have the government involved and the, and these companies throttled back from what they're doing. But if you think they're not going to be in the money game here, I don't know where you, where you grew up. You know what I mean?
Like it's not America, I guess, because everything is about the money and dominance in corporate America. I just, I, and I agree with you, there's going to be dangers. It is the thought raised, the problem. So, so I sit in, I sit in pitches from companies to VCs or small business competitions all the time. And if a CEO stood up and said, hi, we're so-and-so and we're in a reckless race for dominance, I'd like that. They say it is if it's a bad thing.
That's what four profit companies like this one are supposed to do. It's the whole movement, you know, move fast and break things. You know, things have just, the people in this company were under the illusion that they were there to be a think tank and think about controlling AI and being thoughtful about it. And then someone smelled hundreds of billions and said, just kidding. And the, the, and we did call this the most ridiculous structure. If you read it, I printed it out.
It was like, we're a nonprofit, but the nonprofit only gets money after we've delivered 100 billion in profits to our initial investors. And I'm like, let me get this. You have to make more profits than any firm in history, maybe with the exception of Saudi Aramco before you're actually a quote unquote nonprofit. It was just such jazz hands gone crazy. And these people, like you said, it sucks to be a grown up. My guess is they cash their checks.
They got severance in exchange for signing those non disparagement agreements. It sucks to be a grown up. Go to work for government, help us out. Yeah, I would agree. Get in here. We're happy to. I really would like really smart people doing this because it's not to limit these companies because you and I are both capitalists. It's to make them better. Honestly, I would put all these women on the board of open AI because I think they'd be great.
That's what they should put all these amazing technologists who are there for the early days. There was one that was so fucking funny about her early days of doing stuff. And one of the women, it's 90 years old. She was doing machine learning back in the 50s, an incredible woman. And just really, those are the kind of people. I could sit in and have like these are the kind of people we want to talk about these issues. And I'm just going to be. You're on for breath then. Not an idea.
Anyway, let's pivot to a listener question. This question comes from Tamara. Let's listen. Hi, Karen Scott. This is Tamara from Brooklyn, New York. And I wanted to get your thoughts on the recent federal appeals court ruling that blocks fearless men from issuing grants to black women. It just seems really ridiculous to me. Honestly, that this group that is serving such an underfunded population would get blowback when billions of dollars continues to flow to white men.
And oftentimes from other white men. So would love to hear your take on this. Love the show. Thanks. Tamara, what a great question. I have been thinking about this since this happened. This fearless fund is giving, is a venture fund giving grants to black women who are completely underserved in the money that goes into investments. And the guy who did the affirmative action lawsuit that won in the Supreme Court is going after a lot of companies.
And this is one of them, of course, that it's unfair that these women of color get more advantage over white men that desperately need this venture money. When I think 90% of the money goes to white men in venture, it is a really thorny political issue. It's a thorny legal issue because of the way the laws are structured and the way the Supreme Court ruled on affirmative action.
This guy is going around stripping any kind of ability to focus in on any group that's underserved or has been under invested in by saying they've got to compete with the white guys because it's fair. Scott, I don't know what you think about this, but this is where it's going with those affirmative action rulings at Supreme Court. I think he's right. I mean, I'm torn here because the statistics are just overwhelming. When I was raising money in the 90s, it was only white dudes raising money.
And I never stopped even thinking, well, why is it only white guys who look like me and went to elite colleges are raising money from venture capital? That's a problem. The stat, you, a third of 1% of total venture capital going to black women, okay, that's a problem. The issue is how do we come together to solve it? And I was fascinated by this because I believe capital is free speech.
There's an issue here how do you advance the rights of people or advance communities that have not entered a very lucrative sector. I totally get it. My first reaction was a gag reflex. And then I went, I looked at two of the most recent companies that the fearless fund gave grants to. One is called Slutty Vegan, first off, great name. And the other is live tinted. And I looked at the founders. And one of the founders was raised by immigrants and her father spent time in prison.
And this is where I'm handing with this. I think any affirmative action, and I think this is a form of affirmative action that is based on visible characteristics is a bad idea. And having said that before my inbox gets filled up, I do think it is entirely appropriate and we should promote what the University of California did in 1997. And that does not have race-based affirmative action. And this is a form of affirmative action, but have an adversity index.
Now, the founder of Slutty Vegan, and I won't use their names because I don't want people contacting them, I think she faced tremendous adversity. And I like the idea of pools of capital being allocated, unfairly, fairly abys towards people who have faced headwinds. I'd like to think that the majority of Republicans feel that way and I know all Democrats feel that way.
The other person, the other woman who founded live tinted was raised by, in Houston, she went to the University of Texas, Austin, her parents are married. I don't want to say she hasn't faced issues, but actually black women, a greater percentage of black women, now attend college than white men.
And what I would say is, if we want to come together and figure out a way to move forward that doesn't create these problems, I think we need to move to an adversity-based score or recognizing people's background because I think this creates a lot of hostility and resentment. Except Scott, okay, hostility. Let me just say, what about women who don't necessarily come from adversity? If you have ever tried to raise money as a woman, it is a, only white men are smart.
It really is an astonishing discrimination. I don't know what to call it, but it's just like, how can it be? Same thing with boards. How can it be that only white men are good at boards? How can that, are they better? That's changed dramatically. I agree with you, but for a long, long time, and when you look at the numbers, something really is happening that is just really out of whack with talent across the country. They will not look at women. They will definitely not look at women of color.
In AI right now, and actually this was discussed on the stage, someone asked a question, where are the people of color in AI? The women are like, they weren't there, and they aren't there. What is happening here is men funding each other again, again and again and again. So, white men funding each other.
What do you do about this group of people who have a stranglehold on the venture money and refuse to look up and not invest in people that look like them, that they think it's a meritocracy, as I've said, dozens of times, and it's a meritocracy, and they're doing it themselves. So, I agree, this is going to probably lose, because this guy has a point of view about affirmative action, that many, you can absolutely see this argument.
The problem is, it doesn't address what is a massive issue as these groups will always fail because they're not giving the chance to show what they can do. And then when they fail, because they don't get enough funding or backing, see, we told you, now let's give more money to the guy who looks like Mark Zuckerberg, and then let's support him and coddle him and lift him up and put him on third base, and then clap when he gets to home. I just, it's such a fixed game for white men here.
As much as many of them are very talented, by the way, but they are so coddled and so supported, and they think it's because they're so smart, and it's just simply not the case. So, I don't know what to do here, because you're never going to get these people the kind of support and funding they need, and I don't know how to do it.
Adversity can't be the only thing, because what about people who went to college and they're from middle class, and they did have some support, but they just can't get the kind of funding and support, they need. Just listening to you now, you are changing my view. And I want to draw a distinction, and I want to use two different environments.
Let's talk about college, which has traditionally been the certification and the experience that is the widest honor amp into the middle and the upper class, right? And in 1960, there were 12 black people at Princeton Harbor, and Yale combined. That was a problem. The academic achievement gap between blacks and whites was double what it was between rich and poor. It made sense to have affirmative action based on race. It made sense. I believe it no longer does.
51% of Harvard's freshman class is non-white. What I think your argument is, we're not there yet in venture capital. We're not at the point. The numbers are still so skewed in favor of the patriarchy that we still do need race based affirmative action. So I think my go-to is around what I know best, which is higher ed, but I think the point you're making is that we're still not there yet, and we need race based affirmative action.
The way you would probably get there, I think, is the only way to jump start this stuff is with when a black woman led business goes public and creates billions of dollars of shareholder value, and people get over it. Now until then, I think what you could do is have state or federal sponsored legislation that provides what I'll call credits for investing in. I mean, here's the problem though. When I was in Morgan Stanley, the syndicates would be picked for an IPO, and there would be minority.
They demand the state of California would demand minority and women owned business investment banks in the syndicate. So we pick one or two, they did nothing, and the people around the firm went to Harvard, and they happen to be women or people of color, and was like, okay, all we're doing is reshuffling the elites here. This money isn't getting to, I wanna acknowledge your point.
I have this reflex, gag reflex, or this reflex memory around what's happened in education, and I think your point is, we still have a long way to go before we can get. I don't even know if this is the answer, Scott. I don't honestly know. I just know that these white guys get to fail all the fucking time, and the women do not get to fail. There's no failure for them, and these men come up with like, look, Shane Smith, look, he's back. Give me a fucking break.
He lost so much money for everyone but himself, but he gets to come back. Like, are you kidding me? Like, that's what it, that's what it looks like. If you were a black woman and you fail a company, that's the end of your entire process, that's it. That's all you get. And I think that's what it is, but Shane Smith, oh he's so good at what he does. Love a bit of butter, but I like, come on. Adam Newman, come on Adam. How many batteries can you voice upon the world and benefit from them?
I just, I don't know the answer. It's got, I don't know the answer. I want to acknowledge your point and agree with you that I don't know the answer. We don't know the answer to Mara, so sorry. I think this is going to, I think this group is going to lose, I think they are. I think this guy is very canny. What about Melinda Gates, do it, focusing all this money on women businesses? Do you think they'll go after her? She can do what she wants, right, or can't she? Right?
It's an interesting thing. A really interesting question, but, but what she also did, she also gave $20 million to the American Institute for Boys and Men. Yeah. And it strikes me it's going to be difficult to tell people what they can do or not do with Philanthropy. I don't know. I think that's not what I'm talking about.
That's a really fair point, but I think she, I think she inoculates herself by saying it's not a condition that she's going to focus on a community, but it's not a condition of her philanthropy. Because like I said, she's good. Maybe it's how you talk about it. It's the language, I don't know, but, I mean, the argument here, the logic is really sound that he's making. And that is we need to move to a post-racial society.
And at some point, we need to acknowledge that when you're advancing, I mean, here's where we are with universities. And this is why I think DEI should be disassembled in universities. People of color have, they do it. It is going disassembled. It's got, go ahead. I know, and I think it should. And by the way, it's a huge apparatus with a lot of overpaid people that in my opinion, hold onto their jobs and have absolutely no accountability to anybody.
Anyways, interprotected because you're called names if you ever questioned their departments. Because there's no old white men doing that, but go ahead, keep going. And that's how big you think the Harvard, how much money do you think Harvard's not DEI? I understand, but come on, they'd be. What if they expanded their freshman seats to let in more black kids? Would that be more DEI? There's so many shitty old white man professors that where I went to school, but go ahead, go ahead.
Well, okay, but that was back in the middle ages. So, anyways, what you're saying, and I agree with you, is we don't have that issue yet in venture capital. I do think we have that issue on campus. I think, I did that podcast with us to very impressive women from Harvard and they were talking about how wonderful the DEI department is. I'm like, take all of that money, expand your freshman class, and let in more trans kids. Let in more black kids. That's DEI, not reshuffling the elites.
Well, that's a good point. We have to get out of this a very interesting question. Thank you so much. It'll be interesting to see where this goes, but we both probably think, Miloos. If you've got a question of your own, you'd like answered send it our way. Go to nymag.com slash pivot to send a question for the show, or call 85551 pivot. All right, it's got one more quick break. We'll be back for predictions. You better have a good one. So, for the show comes from Oracle.
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Just a lot of pressure, a lot of like this. Okay, so my prediction in one word is Chicago exclamation point. The Democratic Convention in Chicago, I think is gonna make a lot of news. I think one of several things might happen. One, I think the GRU and the CCP both want to so incredible division on our society and have the ultimate propaganda tool. At least the CCP does with TikTok.
I think Russia has become exceptionally good, especially the GRU at weaponizing troll farms and an amoral poorest social media environment. I think there's gonna be all kinds of misinformation and noise around the Chicago Convention in addition. Some of the protests we've seen, some of them have legitimate concerns. Some of it is being funded in my opinion by outside entities.
In addition, if Biden, let me just say the quiet part out loud gets a cold and for whatever reason can't be on stage one night, there's gonna be all sorts of speculation. I just think we are setting ourselves up in Chicago in terms of scenario planning. Scenario planning, as you look at what a reasonable number of outcomes and what prediction or what scenario likely fits across all of them. My prediction is the following. The Chicago Democratic Convention makes a lot of news.
Okay, I'm gonna take the opposite side. I think it's gonna be one of these things we're gonna like pay, oh no, oh no, oh no, and then nothing's gonna happen. That might bear enough. I'll take it. Because they're oh, they're oh knowing it quite a bit. Everyone's worried. You know, I think it's gonna be one of these things where everyone's gonna be like, it's sort of like the debate. Everyone's gonna be like, hold onto your seat.
Like, right, you're waiting for one of them to do something crazy on that debate stage. I don't think anyone feels comfortable because who knows what Trump's gonna do, right? Can he be disciplined? Probably not. He'll probably say something nutty. Like, I'm an aggely of a Joe Biden and Joe Biden's like gonna go, come on man, like that's probably where it's going. And nobody knows where this debate's going. So everyone's gonna be. That's not the fear. I may not, I may not watch it.
Cause I don't need a which one is gonna have a problem. Like, you know what I mean? That's not, that's not the fear. Trump does something really stupid or rational. Oh, nobody cares. Heard him as much as I, the fear Kara is a Biden has a McConnell moment. And that's the fear. But if he doesn't and Trump doesn't, they'll be like, yeah, well, whatever. His, the bar is so low right now for Biden.
So in that way, Trump, you're seeing Trump like unfettered is gonna be people are, you know, are gonna be like, oh god, look at that guy. Like, so we'll see, we'll see how that goes. But nonetheless, I think I'm gonna take the opposite. I think nothing's gonna happen at this thing. I think they will have the security. I think there'll be rings of security around the entire thing. And they know, and the governor will, who is a Democrat, will keep it, keep it tight.
He's a, he's a keep it tight kind of governor. There's a two or three percent chance. He comes out of the convention as the nominee, Kara. That's true. I could potentially go down here. So look, what you're, but what you're talking about. Like it's so boring compared to what you think, but go, what you're talking about is a, is a distinct phenomena. And that is anxiety. A lot of us, but the first 40 years of my life, I didn't have enough anxiety. I was literally sleepwalking through life.
I almost got kicked out of UCLA three times, didn't care, almost got fired from Oregon Stanley, didn't care. I just didn't, you know, took to the, took to sunset Boulevard, fucked up and high school, didn't care. And then from 40 to 50, I had the perfect amount of anxiety. And now from 50 on, I fucking worry about everything. And anxiety, anxiety is a survival mechanism.
Because you are supposed to be worried that when you see the reeds flowing in the wind, that it's not the wind, it's a line that could eat you behind. Because occasionally it is a line. And then we go to a watering hole. You are supposed to be anxious, because it might be one of those TikTok crocodiles about to jump out. But here's the thing.
Anxiety is a form of survival, because the shit you are most worried about, if you're worried about every computer and every elevator and every air traffic control system, shutting down at midnight on January 1, 2000, you start to prepare for it. And by preparing for it and being anxious about it, you reduce the likelihood it's gonna happen. That things, and this is a lesson, that things you are most anxious about are the things that are least likely to hurt or kill you.
It's the shit you're not expecting. I am exactly opposite to you. I used to be a lot more anxious, and now I'm like, yeah, whatever. Who cares? I literally have shifted. I mean, she's matured. I'm getting emotional. And actually, I had someone who, I would say, is on their way to not being my friend anymore. And they're always like, yeah, I'm all the political stuff. And I used to rise to the occasion, and now I'm like, yeah, okay. Like I don't even listen. I don't even respond.
It's just literally I've become the opposite of you. I'm like, all right. You're worried about everything. I mean, it's kids. I'm not. I'm not worried about everything except my kids. Like my safety, my kids, that's it. Anyway, we're very different. I have shifted. I was much more anxious earlier. And Scott, that's the show. Just a reminder, I'll be at the Tribeca Film Festival next week, June 11th at 5.30.
I'm taping a slate podcast at the Sex and Money, which are Scott's main focuses in his life. With Anna Sale, you can get tickets at Tribecafilm.com slash death sex money. And also listen to my AOC interview. It is quite a thing. She said quite a lot of things in it, among which she thinks to all the Trump will probably try to have her arrested. She talked a lot about progressives and the need to calm the fuck down essentially.
She talked a lot about that, that whole fight with Marjorie Taylor Green, in any case. She's a very talented politician. Very talented. That's quite a commoner. Really, really great interview. Anyway, we'll be back on Tuesday with more Pivot. Scott, read us out. Today's show was produced by Laranamon Silly Marcus and Taylor Griffin. Ernie Nurtad, engineering this episode. Thanks to all of the studio bro's, Miss of Ariel. Meshak Kroa as Fox Media's executive producer of audio.
Make sure you subscribe to the show where every listening podcast, thanks for listening to Pivot from New York Magazine and Vox Media. You can subscribe to the magazine at edwinemag.com slash pod. We'll be back next week for another breakdown of all things. Pivot. UPETS,