Mark Zuckerberg on the AI bubble and Meta's new display glasses | ACCESS

Taylor Swift's latest album, The Life of a Showgirl, has only been out a week, and the discourse could not be more divided. Some critics are calling it fake and cringe, others are giving it five stars, but almost everyone assumes it's autobiography. What if they're all wrong? What if every Easter egg, every lyric is just part of the performance? I'm Charlie Harding from Switched on Pop. Join us as we listen closely to reveal how the life of a showgirl isn't confession, it's craft.

Hear it on Switched on Pop, wherever you get podcasts. And what does it mean for who gets into elite colleges? I'm Preet Bharara, and this week Yale Law professor Justin Driver joins me on Stay Tuned with Preet to trace the history of affirmative action. and explain where we are in light of the Supreme Court's ruling in SFFA versus Harvard. The episode is out now. Search and follow Stay Tuned with Preet wherever you get your podcasts.

No matter how you feel about AI, it's starting to feel like AI is harder and harder to avoid. Even when you want to just get on your Peloton and go for a run. There's AI coming for you. This week on The Verge Cast, we're talking about all of the different ways that AI is encroaching into our lives, from our smart homes, to our exercise equipment, to all of the ways that ChatGPT wants to run every single part of your life. All that on The Verge Cast, wherever you get podcasts.

Hi, everyone. This is Pivot from New York Magazine and the Vox Media Podcast Network. I'm Kara Swisher. We're off for the holiday today, but we have a special episode from Access with Alex Heath and Ellis Hamburger for you today. In this episode, Alex and Ellis talk all things Mark Zucker.

from the newest Meta Ray-Ban display glasses to the beverage selections in the new Meta AI lab. Alex then sits down with Zuck himself ahead of the 2025 Meta Connect conference. Enjoy, and we'll be back in your feeds. Friday. I mean, didn't you just tell Trump you were going to spend like $600 billion? I did. Yeah, through 2028, which is... That's a lot of money. It is. And if we end up misspending a couple of hundred billion dollars...

I think that that is going to be very unfortunate, obviously. But what I'd say is I actually think the risk is higher on the other side.

Welcome to Access from the Vox Media Podcast Network. I'm Alex Heath and Ellis, you are. I am Ellis Hamburger, not your favorite sandwich, but your new favorite podcast host. I have had a lot of people since I've been saying that I'm doing a show with you ask me if your actual last name is Hamburger. It is. Verified. Yeah. And you have Hamburger.

on X, which is a flex. That's why I'm so scared to leave. Please don't make me leave. Ellis, why are we doing a podcast? I feel like there's so many podcasts, but you know, I've been getting that question a lot too. Yeah, Alex, I think we have great chemistry. We've known each other for a long time. We both, I think, see a different side of tech as it is today. I feel like you're so well connected in big tech.

You love to schmooze with all the biggest founders. I do love to schmooze. Yeah, you do. I've got a good stranglehold on the AI startup arena. with the work that I've been doing at Meaning. And I feel like we could just really bring something different. I mean, you've been in media forever. I was starting in media at The Verge, then went into startup world for a while at Snapchat and the browser company. And so I think we have something interesting. I think we want to talk about...

The inside conversation, what people are really thinking and talking about as opposed to just what's in the headlines. So yeah, hopefully we could do that. Yeah, I think we. Both just wanted to make a show we wanted to listen to and didn't feel like a show like that existed.

And I hope we're going to make that. I think we will. And it feels really fun to be doing it with you. And the way we're going to structure these episodes is, you know, it's a talk show and interview show. Pretty standard. You and I are going to. Rap about some things happening in our world, things we think that you're going to want to know about, even if you're pretty plugged in, that's coming soon or stuff that just hit.

Then we're going to go usually to an interview, either with a big name. This week, we've got the one and only Mark Zuckerberg. Next week, we've got Dylan Field, the CEO of Figma for his first. pod since the biggest tech IPO of the year. We're going to have an interesting mix of, I think, big names and then also early stage founders, some of which you work with directly at Meaning.

that we just think people should know about, that are going to be the companies that you're going to be hearing about in the next few years or maybe already. And we want to make something that feels good if you're tapped in, but also relevant if you just want to know more about this crazy tech world we're in. Did I get on that one? I think you got it all right. I think the one other thing that's on my mind is I just want to have fun with this. Tech has been a part of my life for so long.

While this industry is so often mired in, you know, often valid skepticism, pessimism, uncertainty, I think there is still so much brightness and optimism and fun. uh just to have in building the future together obviously we all want to be honest and hold each other accountable but i think tech is culture these days and i want to cover the whole thing holistically versus just the last earnings call

and what the latest ARPU and DAU numbers are. Yeah, I can ask that stuff. I mean, I'm pretty interested in the business and the strategy of these companies. What I cover a lot at Sources, my new publication about the tech industry and Silicon Valley and AI. I was previously deputy editor at The Verge, where I had a...

pretty successful newsletter there called Command Line. And now I'm an entrepreneur, I guess, like you, Ellis. I'm on the other side. And this pod is part of that. I hope it feels part of the same. cinematic universe, I guess. But Sources is going to be, I guess, maybe where I also play a little more bad cop to the good cop of the mood we're trying to make on this show.

We found out that Zuck wanted to do the first episode. That gave us a deadline I think neither of us were planning for, but it's been great. It's been a good kick in the pants to get this thing going. And, you know, usually we're going to do these interviews together. This week is a little unusual just because of the timing. And so it's just Zach and I. But...

I think there's also an element of the different perspectives we can bring to these conversations, right? Like you've got this really interesting perspective working with a lot of these startups directly. And then I've got my kind of more... journalist POV of having met a lot of these leaders and big tech, especially.

in the big AI labs over the years. Yeah, well, first I want to get at the real distinction between how you would interview Zuck and how I would interview Zuck. I think you're going to be in one of those fireside chat chairs. I want to go t-shirt shopping with him. Maybe head to the jewelry store after, look at some chains. That's the interesting combination, I think, that we represent, Alex.

When did making plans get this complicated? It's time to streamline with WhatsApp, the secure messaging app that brings the whole group together. Use polls to settle dinner plans. Send event invites and pin messages so no one forgets mom's 60th. And never miss a meme or milestone. All protected with end-to-end encryption. It's time for WhatsApp.

Message privately with everyone. Learn more at whatsapp.com. The holidays have arrived at the Home Depot and we're here to help bring the excitement with decor for every part of your home. Check out our wide assortment of easy-to-assemble pre-lit trees so you can spend less time setting up and more time celebrating.

and bring your holiday spirit outdoors with unique decor like one of our santa inflatables whatever your style find the right pieces at the right prices this holiday season at the home depot Imagine fast hydration. Combined with balanced energy. Perfectly flavored with zero artificial sweeteners. Introducing Liquid IV's new energy multiplier, sugar-free.

Unlike other energy drinks, you know, the ones that make you feel like you're glitching, it's made with natural caffeine and electrolytes. So you get the boost without the burnout. Liquid IV's new energy multiplier sugar-free hydrating energy.

Tap the banner to learn more. So I got an early sneak peek of the conversation with Zuck and... I'll say this. He seemed very confident, very comfortable, having fun. What was the vibe you got from him during the conversation? What was he wearing? How was he feeling? It's pretty crazy, you know, to go from sitting next to Trump to sitting next to Alex Heath. It seems like he's got some swag these days. I mean, yeah, the swag has been...

the Zuck arc for the last couple of years, I would say. I mean, you notice the chain is tucked in this year. He was still wearing it, but it's tucked in, which I don't know if that means, you know, we've got business to do, which is maybe this new AI stuff. I do think they feel pressure on these glasses. They really want these glasses to be well-received. They're Ray-Ban branded and they're pretty wild. They can do a lot. It's not full augmented reality.

But it's a pretty good heads-up display that can do texting, heads-up navigation, a bunch of other stuff. And they have this neural band that controls the glasses that feels like... legitimate sci-fi. It's one of the coolest demos you will do. And they announced it this week at Connect, and people are going to start seeing them out in the wild. They're kind of expensive. They're $800. I think these are very clearly an early adopter kind of product.

prosumer so to speak and i got to demo them last week and they are really cool You cannot be a fan of tech like you and I are, Ellis, and not think these are cool. Now, whether I'm going to wear them all day or they're going to start replacing the smartphone, I think that's very much TBD. But yeah, man, I was pretty impressed. So what was the magic moment across all these different use cases that you tried with the glasses? Because I feel like there have been so many ambitions.

for what they could be. I mean, I was back at Snapchat in the early days when we launched Spectacles. And all you could do is just take like a 10 second video or photo with them. We've seen people iterate on them over time. I know you mentioned to me that it did a lot more than you expected. Like what was just first principles? What was the best thing you tried? There was this moment where I felt like I had super hearing. It was a thing that only something like this form factor could do.

where they're calling it, I think, live captions. So I was in this room with a bunch of people and... You could look at someone and everyone was talking very loud. And if you were looking at them, it would live caption what they were saying, even if they were six to eight feet away and it was super loud and you couldn't hear them on your own. And then they've added language translation to this where it can do live language translation.

back and forth um that was pretty magical uh the display itself is is honestly pretty good it sits to the side of your eye which is kind of unusual when you first try it but It lets you see the picture you're about to take or the video you're about to take, which is honestly something that feels simple.

But in that form factor of a camera on your face, it actually matters a lot. And the band has this little gesture where you can like twist in a knob like in the air to like zoom in and zoom out. So it feels like you're Tom Cruise.

minority minority report a little bit the crazy thing is is with the band and i really can't describe how much of a game changer the band is for input because you don't have to just talk to it or wave in front of it to get it to do something you can just do this very light tap gesture. You do a little pinch. Little pinch. And the display just melts away, comes back, melts away as you pinch. And I started getting that pretty fast. I wore the glasses for about an hour, took them outside.

took the demo off rails a little bit, asked the AI things that weren't verbatim what they told me to ask. It still worked. You know, like place, you know, some glasses and... um plates on this table make it look like a table setting it did it you know stuff like that the display is like 5 000 nits or something it's super bright and it's very clearly designed to just be worn everywhere you go

And the battery lasts around eight hours. I bet it's less than that with the display going the whole time. I didn't really get to push that to the limits. But overall... I love a good nits conversation. Good nits. But how many nits is it? Yeah. Is it 8K quantum dot? Or is it ocular occlusion? Yeah. No, this is Gorilla Glass version three vestibule. I think you made some stuff out there, but that's good. Well, so setting aside the display.

I feel like so much of AI is, you know, obviously the hardware has to be there. How does their AI work? You know, I feel like especially in the age of AI and MCP and people trying to do things agentically, so much of it is like, what sources is it using? What can it do? Can it plug into your other services?

Or was it just kind of like better Siri, at least at the outset? I would say better visual Siri. It's still meta AI, which obviously is not the leading AI. AI definitely took a backseat in the demo. I think they probably wished that they had more AI features, but Zuck is doing this massive...

AI reboot that everyone's been reading about. I asked him about that actually in the interview. We talked about it and he drops some new stuff, I think, about the lab that was pretty interesting. I don't want to give it away. I think they know they're behind on AI, but they have the bare minimum and no one has a product anywhere close to this in terms of the form factor, the price, the display, the band.

And the ability to like do texting with the band. Zuck said he types 30 words per minute with the band, which I found. Yeah, so how does that work? It's like auto-complete. It's like you're scribbling with your finger? Yeah, it's like auto-complete with slight. wrist finger gestures like you can write almost like on your leg or whatever and it auto completes it um and he's doing he says he's doing 30 words per minute uh which is impressive i think it's really more for just shooting off like

quick texts, which I did and it worked. Um, but yeah, it's, uh, it's, it's a wild device. Like it's definitely something, if you are listening to a show like this, you're going to want to try. So. Watching Zuck for a great many years, I feel like he's been trying to build and own the next platform forever. You know, he's tried phones. He's tried VR. trying to build the metaverse now ai glasses alex you are a betting man

Do you bet that this is the one where the platform works? Because it is such a fine line, right? Like Apple does appear to be uniquely good at combining the hardware and the software. Everybody's competing on the hardware. I do think at the end of the day, the software is going to be a pretty big deciding factor. Does it have the apps you want? How does, for example, Vision OS feel to you compared to the OS that they're...

kind of building across AR and VR and this and that. Is this the platform where they win? I think it's going to take a few years for this to really get mature and become something that is compelling to a lot of people, not just early adopters. You can totally see the path to it, though, when you try this, I think. And I felt that way when I tried Orion, their first pair of like full AR glasses that are not a consumer release last year.

which when I say Orion in the interview, that's what I'm talking about. Yeah, I think compared to the Vision Pro, it's definitely not as full-featured. But... It's a different use case. It's not a headset. It's not a pair of goggles that fully blocks you off from the real world. I mean, these are chunky, but like in the right lighting could pass almost as normal glasses.

That's their main job. I mean, their main job is to be something you can wear around. And the tech is supposed to be supplementary to that. And I think there's a lot of work to do to make the tech actually... feel like it fades into the background appropriately. I think Meta is very motivated to figure it out. You're right. They really want another platform and they're sinking billions of dollars into all of this because...

They, like pretty much every big tech company I know of, thinks that this combo of glasses with a display and AI is maybe going to be the next smartphone. So I have one more question for you before we get to... The feature presentation, an evening with Alex and Zuck. We like to talk about people here on the Access Podcast, even though this is the very first episode.

So every time that I feel like Meta goes through a different transformation, we hear about how that team has been moved next to Zuck's office. How does that work out over time? Do you just kind of find yourself in the inner orbit? And then with each new tech trend, you get a couple inches away, kind of like tectonic plates. Who's in the inner circle right now? Who has been pushed to the outer orbit?

Yeah, the inner circle right now is the new AI lab, which I think I'm the first outsider to see physically. When I was there for my demos, they walked me in and I was getting a lot of side eye, I would say, from the researchers. in there who are like who is this guy that's looking at our llama algorithm written out on these whiteboards luckily i don't know math so their secret is safe with me um but yeah they're the lab is

is sitting there in this kind of special area with Zuck. And as I say in the interview, they were cranking. I think I saw some shoes off, a lot of code happening. It's very clear that Meta is rebooting this stuff, and I think this device is part of the reason why. I think they know that AI is the killer feature for glasses like this, and they want to be on the frontier of that.

Most importantly, what are they drinking? We got Red Bulls, Monster Energy, Diet Coke is making a comeback. What was on the tables? I didn't catch the drinks. That would have been a good catch. But these big tech campuses, they have just about everything you need. You know, you never need to leave. It's like Hotel California. All right, man. Well, I guess we'll get into the combo with Zuck here.

Mark, I don't think you can be into technology and the cutting edge like I am and not try these here in the middle, these new display glasses and think they're just not really cool. And I want to get into what they do and why you're building them. But can you kind of just initially set the stage for us and explain?

why you all are doing a display in this form factor? Because you've had the AR glasses and you have the glasses that don't have displays. So why do something in the middle here? I mean, we're working on all kinds of glasses. I mean, my... My theory is that, you know, at a high level glasses, I think are going to be the next computing platform device. I think that they're great for a number of reasons.

They don't take you away from the moment, so you can stay present in the moment, unlike with phones. So I think that that's a big deal. They're also basically the best device for AI because it's the only device where you can basically let...

an AI see what you see hear what you hear talk to you throughout the day and then once you get the display it can just generate a UI in the display for you so that's great and then the other thing that glasses can do is it's really the only form factor that can put holograms in the world to help you seamlessly blend the physical world around you in the digital world um which i mean i just think it's it's a little crazy that we're here it's 2025 we have this incredibly rich digital world and

you access it through this like five inch screen in your pocket so that i think like there's gonna get these things blended together so that's glasses at a high level but then you get into okay well what do people want with glasses and glasses are very personal. It's not just like a phone where everyone kind of is okay with something that's pretty similar. Maybe you get a different color case. People are going to want a lot of different styles.

people are going to want different amounts of technology depending on whether they want a frame that is on the thinner side or bulkier side or whether they can afford more technology or less so i think that there's just going to be this whole range of different things um from you know, simple glasses that don't have that much technology in them, maybe the ability to talk to AI and have it see what's going on around you all the way up to.

full augmented reality glasses that have kind of wide field of view like the orion prototype and and everything in between and different styles right so we did uh we started with ray-ban which is probably um the most single most iconic and popular glasses design in history. And now this year we're adding Oakley. So we did the Oakley Meta Houston's this summer.

And then at Connect, we announced these guys, the Oakley meta Vanguard, which we'll get to in a bit. Yeah. This is, I think, what people kind of had in mind when they thought, when they heard that we were doing something with Oakley. Yeah. It was more this, but...

These are dope. Yeah, I mean, they look great. They're great for performance. And we'll talk about that in a minute. But the deal is, people are going to want all kinds of different things. So there's going to be this whole spectrum. And one important technology is obviously going to be getting. getting a holographic display.

And then within that, there's a whole world of options too. You could have a small holographic display that can just display a little bit of information. You could have wide field of view that can basically overlay kind of avatars and deliver a sense of presence. Which was Orion last year.

year. That's Orion and that's kind of what we're building towards in the consumer version of that. So there's a number of different points on the spectrum and what we're doing here with the Meta Ray-Ban display I think is a good kind of starting point. where it's not a tiny display. It's actually quite meaningful. You can read a whole text thread. You can watch videos. You can do a video chat. You can watch videos that you've taken. I guess you could even watch reels on it if you want.

But so it's a meaningful size display. But this one isn't really meant for putting objects in the world. It's more meant for just showing information. And so anyway, we've been working on this for like... i mean all the glasses at meta we've been working on for more than 10 years at this point so you know when we get when we have these moments along the way where we get to like show a new technology that i think is pretty different from what others are working on which

The display in the glasses is one thing, but the metaneural band as the way to interact with it, where you just get these micro gestures in your hand and you're controlling what you're saying. It's just wild. The band is wild. We got to talk about the band. The thing that surprised me the most in my demo of the glasses last week was just how much they can do. Frankly, I've been reporting on these for a while as the buildup has been coming for them.

I thought they would have a little bit of a more limited use case to start, but they can do quite a bit. And I'm curious, what was the goal of their overall functionality? What are you trying to achieve with this? Are you trying to replace the phone? or just get people to use it less? I mean, what's the big picture idea of like, this is what it can do? Well, I always think about everything from a communication connection angle first, right? Because that's kind of the...

legacy and the DNA of the company. So probably the most important thing that I've focused on wanting to get them to do is be able to wear them, get a text message. respond really quickly and subtly with your hand if you want with like

like we're having this conversation now and I could, I mean, like we're talking about like this level of hand motion, right? Like I'm making, it's like not. I thought you might wear them in the interview and then I wouldn't. I mean, I could, I could, I could have gone. I mean, yeah, I'll put them on. Another thing about them is you can't tell they have a display. Like even when in their transitions and even when their sunglasses. So that's actually an important part of the technology.

is light leakage is a feature of some types of waveguides. And so basically you get these trade-offs where you want them to be... very efficient. There are waveguides where you have to pump just a ton of light through them in order to get anything to show up. But then some waveguides have just different artifacts.

usually in a bad way. It's like the light will catch them and you'll see all kind of like rainbowing or something. Another artifact that we think is pretty bad because it's a privacy issue is if the person who you're looking at can basically see it. Yeah, well, the very worst version of it would be if they could see what you're seeing. But I think another version that I think is still not...

that socially acceptable is if they can see that you're looking at something at all. So I think that that's one of the things that we're really proud of in the design here.

that we put a lot of energy into is you know the the uh the displays are super bright to you and to the person that you're looking at they can not even really tell that you're doing anything like that's an important thing for having it to be socially acceptable right i mean we we also we design them so that way when when the display comes up

It's offset slightly to the side. We don't want to block what you're doing. An important principle for the glasses is the technology needs to get out of the way. Fundamentally, it's like... You know, this is something that you're going to be wearing on your face for a lot of the day. I mean, we designed these specifically to be, you know, both indoor and outdoor that with the transition lenses, they work really well, sunglasses outdoors.

But the reality is that most of the day you're not going to be using technology or at least visual yet. So maybe you'll be listening to music or something. But we want...

you know when you are interacting with something it should show up it should kind of be off to the side if you don't interact with it it needs to get out of the way really quickly that's like a really important principle of the of the whole technology you've got this wake gesture with the band where you can just tap quickly to make the display go away yeah

very very subtle and again i want to get into the band the band is wild in its own right um the thing that really stood out to me from my demo from these was some things that you only could do in a form factor like this. Cause I mean, the texting is cool, but like there's this live captions thing where I was in a room with a bunch of people and they all started talking really loudly. And I, if I just looked at someone.

it would live caption what they were saying and tune out everything else. It's like super hearing. And then you're also doing that with language translation. So you can do real time. I mean, ideally.

both people are wearing the glasses to get the full experience but you don't actually need to have the other you could just hear what they're saying in your language or see it yeah that's pretty wild and that speaks to like what just this form factor could do i'm curious like there's that are there other things that this form factor uniquely can do in your mind that a smartphone can't? I mean, all the things around AI, where you have an AI that basically you want to have context around.

what's going on with you, right? So like if you want an AI that can see what you see, hear what you hear, can just kind of talk to you passively throughout the day, and then can show you information contextually, that's just not something that...

a phone can do i mean i guess technically you could walk around holding a phone like this but you can't really do that that's no one does it yeah you can't those demos have existed forever and i'm always like i don't want to hold my phone yeah so i think that's actually going to be the main one um and

I think all the live AI stuff, it's interesting. It takes on a different, like a different feel. So we have live AI in the Ray-Bans without a display too, the kind of classic Ray-Bans. And for that... It's audio only live AI. So it's really helpful for when you're doing something kind of by yourself. If you're cooking or something, then, you know, it can just give you, it can, it's watching what you're doing with the video.

And you can ask questions about what you should be doing or it can give you tips and that's all great. But it's not really useful when you're in another kind of conversation. And the thing that... The thing that I've observed with the thought experiment I've run, but also just wearing these is, you know, so we go through the world, we have dozens of conversations a day.

In every conversation, I usually have like five things I want to follow up on. Maybe there's like some, it reminded me that I should. you know, go do a thing or, or it reminded me of a person who I wanted to talk to, or maybe I'm talking to someone and maybe they like assert some assumption that doesn't quite sound right. And I want to.

fact check it or like gut check it um these are all things that i think with live ai you can have this ai that's sort of running in the background and that goes and often does work for you and then can bring that context back, whether it's asynchronously kind of offline when you're done with the conversation or sometimes like when you're in the middle of a conversation, it's just useful to have more context right then.

How have you been using these? Someone on your team was saying you text a lot through them. Yeah. Well, I'm a texter. I run the company through text messages. So when you were asking about what... you know, what can you do that you can't do on a phone? I mean, I guess you can, you can obviously text on a phone and we all do it dozens of times a day. But I think that there's like a lot of times where it's just not socially acceptable to send a text message.

And so like, let's say you're in the middle of a conversation. You want to like ask someone a question or get some information. I mean, I have this like all the time. I'm like having a one-on-one conversation with someone and I'm like, oh, I like. wanted to ask someone this or like I wanted to ask someone else a question to like pull some context so I can ask this person what they think about it but I'm not gonna like pull out my phone in the middle of a conversation

With this, it's actually just super quick. You can just like send a message in like five seconds, get the context back. Like it actually just really improves the conversations that you're having, I find. To me, this is the one thing. that I think is basically better about Zoom.

than in-person conversations is that you can sort of multitask a little bit, right? Or a lot. It's worse in basically like every other way than kind of an in-person physical conversation. But the one thing that I think is useful is you can go from having a conversation to basically asking someone else a question it's not necessarily distracting it's additive right because otherwise your option is like all right um

You have a conversation, then you go check in with someone else. Then you have to go back and call the other person back and have a whole second conversation. So just short circuits these things all the time. And now I think this kind of brings the best part of that into physical conversations. Well, you basically feel present.

in the conversation you can pull in whatever information you need it's super super yeah a real like holy shit thing about this product is the band i i thought that because it was with orion the demo you guys had last year too and i thought it at the time i was like

There's something special with this band. And you're calling it a neural band. Is that right? Yeah, the neural band. Because it's a neural interface. It picks up nerve activity. So it feels like it's reading your mind. It's not doing that. It's not reading your mind. What you're doing is you're... Sending signals through your muscular nervous system that it actually picks up before you even make movements. But it basically picks up these micro gestures.

And that allows you to control your interface no matter where your hand is. So it's not doing like hand tracking visually or anything like that. Like you can have your hand.

by your side you can have your hand behind your back like whatever in your jacket pocket um and it's fine and um and the gestures are really subtle right so like it's like this is all i need to do to bring it up i mean this brings up met ai so i really like the music one did you um i didn't try that one no oh so the way when you're listening to music that you adjust the volume is you just kind of

Oh, the dial thing? Yeah, you pretend that there's a dial and you just turn the dial. I did that with the zoom in on something, too. Yeah, you could do it on photos, too. Yeah. It feels like Minority Report when you do that. it's like in real life it's a it's a good interface yeah i think it's what you mean but yeah it's like not not the weird part of minority reports yeah the good part of where tom cruise is doing the hands like it's it feels like sci-fi and um yeah and i'm wondering

why this band like why did you land on this band as the input for this because people have been trying to figure out input for glasses like these forever and it's usually voice or hand gestures or something but it's like I'm not going to be in the subway like gesturing out into space so okay I think that those are going to be useful too but i don't think that they're i don't think that they're complete right so voices is obviously going to be important people talk to

met ai they do voice calls they you know you do video chats um so voice is going to be a big thing but i think the reality is that a lot of the time we're around other people And for the use case that we really wanted to nail, which I actually think is the most frequent and most important use case that we do on our phones is messaging. So if you want to nail that, what you need is the ability for a message to come in, to not be distracting.

not be like center in your field of view but just be there um and then you need a way in whatever situation you're in to be able to quickly respond in like five or ten seconds um in a way that is not interruptive to your current interaction and is socially acceptable and doesn't feel rude. And then you get to, okay, hand gestures. I mean, yeah, I think that there are going to be useful things for...

Yeah, I mean, Minority Report is doing a fair amount of that. But for gaming and things like that, I think you'll do that. But like you said, you're not going to walk down the street like that, right? I mean, that's kind of pretty goofy. Yeah, it looks weird. Your arms get tired. much more the former than the latter in terms of reason why it doesn't work. But the latter is also true. So we needed something that was basically silent and in subtle.

the questions are there are a few options for that one that people are working on is basically whispering right so you can like sub audibly even um pick up on the sound or you can have some camera that can like look at your mouth and do like lip reading that's still pretty weird in a meeting i agree yeah i agree so it didn't pass my bar for kind of subtlety even though it is silent in theory so i i think like so i think you need to go for the neural interface and

The other thing that's nice about the neural interface is you can get really high bandwidth input too. So it's not like, you know, with like, you know, smartwatches today, you basically like. You can move your arm and it can pick up a gesture or two, but it's a very low bandwidth. There aren't that many things that it can do. You need something that can basically be reading the muscle signal. So that way you can just control it very subtly.

and this can do that i mean i can i can i mean already i haven't like you know we're not that optimized i think we're going to get the autocorrect a lot better but i'm already i think around like 30 words a minute type really yeah no it's yeah man i mean how How advanced do you think the band gets in its current form factor in terms of what it can do? I think quite a bit. I mean, basically, today... Well, I guess...

You have the sensors, which can pick up the signals from your muscles. But then on top of that, it's basically just an AI machine learning problem to... be able to pick up what you mean by the thing and right now it's not particularly personalized so

so you get it out of the box and it needs to work with certain gestures and you've never used it before so it works with these like like you're you're doing kind of it's like i mean this isn't a big gesture but i mean this is much bigger than what it needs to be in the future and then And then for kind of the neural text entry, you're basically, you can kind of think about it as if you have a mini pencil and you're just like writing out the letter. But...

Over time, what should happen is that the AI learns your pattern for how you write each letter. And you should be able to write increasingly subtle. invisible motions that it basically learns are your way of doing that letter or that input or whatever and

I think the future version of this is that the motions just get really subtle and you're effectively just firing muscles in opposition to each other and making no visible movement at all. And it picks it up. So personalized autocomplete via your wrist. Yeah, so super fast, because if you're not moving, there's no latency from actually having to actually physically move and then retract after making a motion.

I think the upper bound of that is very high. The other thing is, and that's just for typing, which is one kind of modality, but I think you can kind of, there are all these different dimensions where you can use it to input into things and you could control a... a hand in space that is like operating a ui right it's like there's um all kinds of different things that it can do that i think will just be really interesting to get into over time um and

You know, we basically we invented the neural band to work with the glasses, but I actually think that the neural band could end up being. a platform on its own i agree to basically just interact with all of your electronics and and devices and do all kinds of different things once we kind of get it to be a little bit more mature you could have an api for it that could theoretically plug into a smart home or something like that

That'd be wild. Yeah. Yeah. Yeah. The price point for these is also lower than I expected. It's only like 800 bucks. Yeah. Who are these for from a, like, is this an early adopter thing? Like you care about the cutting edge, like this is for you. You're not making.

a ton of these, right? I assume this is not going to be a massive thing for you. It's more to see how people use this technology. What's the goal for it? I think that this is going to be a big part of the future. My view is that there's... between a billion and two billion people who wear glasses on a daily basis today for vision correction.

Like, is there a world where in five or seven years, the vast majority of those glasses aren't AI glasses in some capacity? Like, I think that that's, it's kind of like when the iPhone came out and everyone had flip phones and it's like just a matter of time before they all become smartphones. I think that these are all going to become.

AI glasses. And the question is, all right, well, there are 8 billion people in the world, not one to two. So are there going to be a bunch of other people who also wear glasses? I would guess yes. I mean, there are a lot more people who wear sunglasses some of the time.

Yeah, I mean, I think it's a big category. And there's a lot going on here. I mean, there's... I think what you see when you're building products is that V1... you build what you think is going to be great and then you get a lot of feedback but you also didn't get everything exactly perfect in v1 so you know v2 and v3 just end up a lot better right it's not a it's not a coincidence i think that you know the first version of the ray-bans ray-ban stories um we thought it was good

then when we did the the second version of ray-ban meta i think it sold five times more um and it was just refined right it was it was like so i think that there's going to be some dynamic here where it's like you have the first version

you learn from it the second version is just a lot more kind of polished and taken and it's in the software gets polished too not just the hardware and that just kind of compounds and gets better and better um and full ar that fills your vision that's still coming too Yeah, I mean, we're working on all this stuff and we want to get it all to be as affordable as possible.

The reality is that the more technology you want to cram into the glasses, be more expensive, that is, because you're putting more components in. We also want the glasses to be as thin as possible. And that's a process of miniaturization that happens.

similarly the more technology that you cram in the harder it is to make smaller so as much as we can miniaturize this technology it will always be true that if you put half the technology in you'll be able to make even thinner glasses and then some people have different aesthetic preferences where they'll want

I mean, like, fortunately, you know, thick glasses are kind of in style. But, you know, some people want thinner ones like yours. You can't fit many electronics. Well, now I don't feel cool. You may have to rethink your aesthetic choices in the future. Yeah. um see on pricing we um i mean we did we work on on getting it to be as affordable as possible and um you know i mean our view is that

Our profit margin isn't going to come from a large device profit margin. It's going to come from people using AI and the other services over time. Because you'll pay a subscription for the AI or something? Yeah, or use it and do commerce through it or whatever the difference is. things are that people do so so we're not like

you know, a company like Apple that is that whose primary or a large part of their margin comes from having a large margin on the hardware. But in general, yeah, we try to make it as affordable as possible. And my hope is that...

If we build another one of these, hopefully it's even more affordable. Or the other choice that we can make is put even more technology in it and keep the price point there. But I think you're going to have a few different price points. There's going to be the kind of standard AI glasses that... don't have a display. And I think those will sort of range between, you know, $300 to $500 or $600, depending on, you know, the aesthetic and kind of how high fashion it is.

Maybe even more than 600 if you get something that's really high fashion. But that's kind of the range that we've seen so far from the early Ray-Bans to some of the Oakley meta vanguards with all the kind of... you know, custom stuff in it, like, you know, optical lenses that can with a prescription. Yeah. Then there's a category like this with the kind of a display that isn't kind of a full field of view AR display.

and i think that that's going to be yeah on the order of a thousand dollars like maybe you get it a little better maybe it's a little more but i but you can call it in that area and then i think when you get to the full ar glasses um

that'll be somewhat more to start. And I think people will just want to have the whole portfolio. And then the goal over time will be to get as much of that technology into as affordable and as thin of a form factor so you can just... have as many styles as possible.

Hey, Pivot listeners, I want to tell you about a new podcast from the Vox Media Podcast Network called Access with Alex Heath and Ellis Hamburger. It's a show about the inside conversation happening across the tech industry. You may know Alex Heath from shows like Decoder and The Vergecast. and he's the founder of Sources, a new publication about the tech industry and a contributing writer for The Verge.

And you'll probably only know Ellis if you worked in Silicon Valley yourself. He's the former tech reporter turned tech industry insider working closely with today's hottest startups. Their first episode features an interview with Mark Zuckerberg about Meta's latest smart glasses, the AI race, and what's... next for the social media giant. You can find the Access podcast with Alex Heath and Ellis Hamburger on YouTube or wherever you listen to podcasts.

Scott, we're hitting the road, bringing Pivot Live to the people. Seven cities, Toronto, Boston, New York, D.C., Chicago, San Francisco, and L.A., of course. You went to Oasis. You went to Beyoncé. You saw the remake of Wizard of Oz and The Sphere. All those suck compared to the Pivot Tour. This is the biggest tour ever.

Same people that are organizing our tour that organized Taylor Swift's tour. They are much more excited about our tour. All right. That's enough, Grandpa. It's going to be so good. And we're bringing our brand of whatever we do to the people. We're excited to meet our fans. We love our fans. For tickets, head to PivotTour.com. See you there.

Hundreds of Texas National Guard troops have arrived in Illinois and are getting ready to deploy in Chicago. Residents there have been pushing back against ICE. They blocked DHS Secretary Kristi Noem from using the bathroom. That's what Governor Fritzker says is cooperation in keeping people sane. Then actually even more bathroom stuff. They don't even let our ICE officers and our Border Patrol officers use restrooms.

facilities. But it's not all bathroom related. You're gonna use that gun on your people! Shame on you! I hope right now your ancestors are looking at you! And this tension, combined with President Trump's early morning call for the governor of Illinois to be jailed, has raised fears about what is coming next. That's on Today Explained from Vox every weekday.

And so you've got these new Oakleys and your deal with Elseworld Exotica means you can do other smart glasses with all their other brands, right? So I think that implies, right, that there will be future brands that have meta tech. We'd love to do it. Yeah. Yeah. So you see it as like.

building out a kind of constellation of all these different form factors and price points. That's the goal. Yeah. What about all these other AI wearables that aren't glasses that are happening? Like there's the friend pendant I'm sure you've seen. There's all these like display. non-glasses devices. Sam and Johnny Iver apparently working on something. There's a lot of interest in this. And I'm curious, is this something that...

Since AI has really taken off in the last few years, you see opportunity there in addition to glasses? Or are you still just the main focus is glasses? Well, our main focus is glasses. because I think glasses are the best form factor for this for all the reasons that we talked about before. I think that anything else that you have to kind of fiddle with takes your attention away from the...

the physical world around you. I don't think that there's any other form factor that can see what you see, hear what you hear, talk to you throughout the day and generate a UI in your vision. And then there's the whole augmented reality part about blending the physical and digital world. But I don't know. I mean, people use different electronics. So, I mean, I'm not going to, I mean, I certainly don't think that it's like in the future.

all eight billion people in the world are doing the exact same thing i mean some people use their phone more some people use a computer more some people use an ipad instead of a computer right some people you know, primarily, you know, watch videos on a TV. Some people watch videos primarily on a phone. So I do think that there are going to be different things. My guess is that glasses will be the most important.

I think something like earbuds is kind of interesting too. I mean, Apple clearly is like by far the leader on that with AirPods, I think. Partially because they did a good job and partially because I think they gave themselves some kind of unfair advantages with how they bundle it and couple it and have technology that works with the with the.

Phone that I guess they're now just starting to open up, which is great. But for a while, I think it just made it impossible for anyone else to build anything like the AirPods. Watches, I think, are interesting in some ways, too. So you're not a fan of the pendant thing, the pendant trend that's kind of starting right now? I mean, is it a trend? I don't know. There's a lot of startups doing this stuff. I think it's an interesting idea. I don't want to be too dismissive. My point is that...

I actually think that they're... My guess is that different people are going to like different things. but that glasses are going to be the most popular. There was no new quest this year at Kinect. And I'm curious how you're feeling about the quests these days in VR mixed reality generally as a category. It seems like glasses are really taken off. There's obviously a lot more quests out in the world.

old. They've sold a lot more. But I'm curious, you know, they're not being a new one this year and also just how you're feeling about it these days, like the category. Yeah. No, I mean, I think we're making progress on it. I mean, this year what we... focused on was the meta horizon creation tool so we announced um meta horizon studio and meta horizon

engine, which are these basically foundational tools for creating worlds and content using AI. And that's going to go towards making it so that people can create a lot more content. in vr but i think that that's also going to be the case and um all that stuff i think should have should translate over to ar2 i think a lot of this content you'll be able to to have there um i mean glasses that are that are

see-through may not be quite as immersive as VR, but you can deliver a lot of the same kind of holographic experience. And then I think a lot of these things will also end up showing up. on phones, right? I mean, and, you know, I think that there's this huge opportunity with AI to, you know, you're browsing your feed on Instagram and Facebook and like, it's like each story.

should be its own world that you can jump into. And you're starting to see some of this with some of the AI models, some of the stuff that Google has put out recently, for example, are interesting glimpses of where that could go. But I think that there's this real sense that the whole stack for how you create...

those kinds of immersive experiences needs to get rethought. It's not just going to be people doing things in the same way that they've created 3D video games historically. I mean, that's a very, very intensive.

process where the tools are like very yeah hybrid yeah yeah i mean yeah i mean so my my kids are kind of into are into programming and into making things and you know we try to you know build different 3d worlds and i think some of the stuff is just like intractable for them right it's like it's it i mean they're still kids so it's fine but if you extract it to like a prompt i mean then it becomes i think by the yeah so that's but with with the um meta horizon studio which i've been

and playing with them. And obviously, this isn't primarily designed for an eight-year-old to be able to use. But my bar is if it's enough that I can kind of make something good with my eight-year-old, then that's pretty cool. um you really can create all these interesting things right it's like it you can you can define

what the world dynamic is, like what kind of you want the world to be. If you want to put stuff in the world, you can do it. If you want to texture things differently, if you want to change the skybox, you can do that. You know, if you like, so I think it's it's. I think it'd be a very different way of creating things that's fundamentally a lot more accessible, which will then unlock a lot more creativity. And there will just be a lot more interesting...

worlds and things to do. And that, I think, is going to be important not just for VR and AR, but I think it's going to unlock all these experiences that billions of people will probably first see on their phones at some point.

That's what we're doing with the MetaHorizon Studio work. It's this kind of agentic AI flow where people at different levels of sophistication can go in and create really interesting... worlds and immersive environments and um i think that's neat then we paired that with meta horizon engine which is basically this this custom

graphical rendering engine that we've been creating for two years now. It's this project that we've had to build it from the ground up because previously we were using Unity, which is great, but it's not really built for this use case. I mean, most games...

you load a game, it takes 20 seconds to kind of get into the game, which kind of makes sense because you're loading this whole 3D world that you now need to be able to interact with. But we want... the worlds that you can interact with to feel more like jumping between two web pages or jumping between like two screens within

and a native app that's like really fast. So the whole like, okay, it has to take 20 seconds to like page this whole new world into memory was not going to cut it. So we rebuilt, we basically built MetaHorizon engine from scratch. to be this graphics engine that can support rendering these kinds of worlds with high concurrency and the avatar system, the photorealistic avatars and all this.

with just a few seconds of load time. So it's more like a website or just a transition in an app. And that's the kind of thing that'll make it so that when you're in VR, you can jump between worlds easily. It's not like...

some big commitment or some big decision. You can just feel free to explore because, you know, it's not like you're going to have to wait 20 or 30 seconds for the next thing to load. You walk through the portal. You don't like it. You walk back through the portal the other direction. And similarly.

For things like within Facebook or Instagram, having the ability to kind of see a post and jump into a world, that's something that needs to have very low friction to do. So the MetaHorizon engine is this kind of core piece of technology. So, yeah, I'd say on the metaverse side, this year's announcements at Connect were more about kind of the software foundations than hardware.

But you're still committed to the hardware. Yeah. I mean, the way that we do the hardware is we don't have it plans that there's a new device every single year. Sure. We have multiple device lines. There's sort of the higher end one where we... introduce some new technology and then we try to get it to be as affordable as possible so we did Quest 3 then we did Quest 3S but it's not like every year there's one it's basically

You know, most years there will be a new one of one of those two. And then sometimes there's like an off year where we're pretty much just tuning the software to get ready for the new paradigm. Got it. Okay. So Quest is still going. Yeah, we're focused. Okay. Yeah.

i've i've been been saving this i've got to ask you about this you know there is a tremendous amount of interest in your ai strategy right now unlike anything i've seen in the tech industry honestly well ai overall ai overall but i think like what you've done over

the summer with the hiring and the super intelligence, uh, you know, mission that you put out and all of that. Um, and we've been talking about AI as it relates to the hardware throughout this conversation. And, you know, AI was a part of my demo. It wasn't. I would say like front and center. And it seems like a lot of the work you're doing now is to.

get ready for when it will be and i'm curious you know when i was here actually for the for the demo i got to see the pod of the the new the new lab and see them at work and they're in there cranking like you can tell and um i i would love to know like maybe we can start here like when you decided i need to i need to change things and

and why you decided to go about it the way that you did because i think that's the thing that people were like whoa like this is this is crazy yeah i think if you're on the inside it doesn't feel as crazy because you know the talent market is very small you know it's kind of rational if you look at the numbers but

Just the strategy. Walk me through when you were like, okay, I want to make a change. This is what I want to do. Walk me through that. Yeah. I mean, this is an area that I just think it... I think AI... and super intelligence are going to be the most important technologies in our lifetime. I think it's so important that it sort of demands its own hardware platform, which is a big part of why I'm so excited about glasses, because I think glasses are going to be the best.

um kind of hardware device category um to provide personal super intelligence to people but I think AI is just this incredibly profound thing. It's gonna change how we run the company. It's gonna change how all companies run. It's gonna change how we build products. It's gonna change what products are possible.

change how creators do their work, right? So change the content that's possible, the mix of content, all these different things. So I think being on the frontier there is really critical. If you want to... continue just doing interesting work and pushing the world forward i think you know just like with mobile you didn't you know if you didn't invent the mobile phone you could still do interesting work building apps but i i do think at some level

you can do even more interesting work if you can both pair the software with the hardware experience. So we are definitely committed to... being at the frontier and building superintelligence. I think it's going to be the most important technology, like I just said. And because of that, I just think... So we're very focused on making sure we build a weaving effort. So over the last few years, we stood up an effort that was improving very quickly. So Lama was a good initial academic.

project. Llama 2 was a kind of good initial version of that as an open source release. Llama 3 was a big improvement over Llama 2. And then Llama 4 introduced some important improvements over Llama 3 too. I didn't feel like we were on the trajectory that we needed to be on to basically like be at the frontier and be pushing the field forward. And that was, so I, you know, like I think.

Every company at some point goes through periods where you're not on the trajectory that you want to be on something. And these are decisions that you get to make in your life or in building a company where the real question is not like. And it's not like, is there going to be a moment where you feel like you're not kind of on the track that you want to be on? It's what do you do in that moment? And so I just decided that, you know, we should take a step back and build a new lab.

um yeah i think part of that was informed by um by the shape that i thought the effort should be we have this real focus on talent density right and the idea is that You really want to have, this is like a group science project, right? So you want to have the smallest group of people who can fit the whole thing in their heads at once. And there's not many people who can do that. No, but you also want the group to be as small as possible.

So there are some problems that we're working on around the company where you can just have more people work on them. And even if the marginal productivity per person declines, you can just keep on scaling the net productivity of the effort.

You know, our feed and ads recommendation is an interesting example of this, where we have a lot of people are just testing different improvements to the systems. And if one guy's sitting next to you, if... if that guy's experiments don't work that well it doesn't necessarily slow you down that much um but i think building these language models um is not that way right it's like it's a it's a small group effort

You want the smallest group of people that can keep the whole thing in their head and do the best work that they can. So each seat on that boat is incredibly precious and in high demand. You also don't want a lot of layers of hierarchy because when someone gets into management... their technical skills kind of start decaying pretty quickly. Even if they were an IC researcher a few months ago, now if they're spending all their time kind of helping to manage, then okay, after-

After six months, a year, they might be less in the technical details than they were before. I think that there's this huge premium on just having a... relatively small, extremely talent dense effort that is organized to be quite flat. And you're very hands on with this team. Well, yeah. I mean, in the sense that, I mean, I'm not like an AI scientist, but the thing that I- They're sitting near you. I mean, it's clear that this is like the priority. So the thing that I'm focused on is-

One, getting the very best people in the world to join the team. So I've spent a lot of time just meeting all of the... top researchers and folks around the field and getting a sense for who I think would be good here and who might be at a point in their career where we can give them a better opportunity. That's one piece. Another thing that I'm very focused on is making sure that we have significantly higher compute per researcher than any other lab, which...

I think we are just way higher on compute per researcher than any other lab today. And as the founder and CEO, and because we have a strong business model that can support this, I mean, we make like... you know a lot of profit um a decent amount yeah yeah it's a it's a reasonable amount um you can just call up jensen and be like more gpus please um it's not that simple it's not that simple but it's um and i normally text him with my glasses but no but it's um

But there's a whole supply chain that goes into it. And the GPUs are one part of it. But then you also need to build data centers and get energy and get the other pieces and get the networking. Yeah, but the bottom line is we're very committed to that and doing what we need to do to make sure that we have leading levels of compute. So we talked about recently how we're building.

um this prometheus cluster which i think is going to be the first um kind of single contiguous gigawatt plus cluster for training that i think has been built in the world we're building this hyperion data center in Louisiana that I think is going to scale to five gigawatts over the coming years. And several other of these, we call them Titan data centers. They all have different Titan codenames.

that are each going to be you know one to multiple gigawatts and um that's a significant investment i think it took a fair amount of conviction so i think unless you're um I think a bunch of conditions need to be met. Basically, you need to have a business model that can support it. You need to have a CEO who believes in this very deeply. It's that they're just willing to make that kind of investment for that.

And then you need to have the technical ability to actually go build the things and bring them online. And I think we're one of, if not the only company in the world that meets all of those criteria. So yeah, I mean, other people will do other interesting things too. But no, I think that this is going to be very interesting. The other principle, though, that we have for the lab is, you know, it's split into different efforts, right? There's the lab that we call TBD.

That's what I saw. Yeah, that's the research lab. TBD was the placeholder name, but then it stuck because it's kind of a good vibe. It's like a work in progress type vibe. Then we also have applied research and product in Nat Friedman's group.

That team is working on a lot of research that goes directly into the products. So things that may not necessarily directly be on the path to superintelligence, like speech that passes the Turing test and things like that, but are important for the products nonetheless.

So we're working on all those things. And the research effort, the TBD effort, is truly a long-term research effort. So one of the principles that we have for the lab is... is just is no deadlines right so when so people are asking okay when is it gonna when are we gonna ship the model like my my um this is very kind of

It's a strategy and it's also the values that we're trying to put in it. I mean, all these researchers are very competitive. They all want to be at the leading edge. They know the industry is moving quickly. they're going to put a ton of pressure on themselves. Me telling them that something should get done in nine months or six months or whatever.

isn't going to help them do their job. It's only going to put another artificial constraint on it that makes them sub-optimize the problem. And I want them to go for kind of the full thing. I mean, it's like we're going for... trying to build AI that can improve itself responsibly and that can, and we're basically building these models that bring all these modalities together to deliver the kinds of experiences that we're talking about.

Yeah, I mean, I think me putting a deadline on that is not going to be helpful. So yeah, so I'm very focused on, and that's the nature of research, right? It's not engineering. It's not like, engineering is when you know how to do something and you go and you need to put together a complex process to build it.

research is when there's several unknown problems. In an AI, I don't even think we have a sense of how many unknown problems there are. For something like glasses, we have a sense. It's like, OK, there's like 10. areas of unknown problems that we need to go solve. Like how do we get the right wave guides? How do we get the right laser display? No one's ever done this, but like we can try 10 different things in each one of those and kind of run it forward in AI.

I don't think anyone can definitively tell you how deep the problem space is. So it's very much research. That's fascinating. Yeah. So what do you do to do that as well as possible? You get the very best team, talent density, make sure that people have the resources that they need and clear all the other stuff that comes from running a big company out of the way. And that's kind of my job for them. Yeah.

about the capex and the data centers you obviously see something on the other side of that that will warrant that being worth it um but i'm wondering do you ascribe to these these bubble fears at all that people are talking about that we're in this massive

uh overspending getting ahead of the skis bubble and maybe a company like metal will be okay because you guys do have a core business that makes a lot of money but yeah how do you think about this bubble talk that has been going on for the last few months especially I mean, I think it's quite possible. I mean, I think basic, if you look at... Most other major infrastructure buildups in history, you know, whether it's railroads or fiber for the internet, you know, in the dot-com bubble.

these things were all chasing something that ended up being fundamentally very valuable. In most cases, it ended up being even more valuable than the people who were kind of pushing the bubble thought it was going to be. But in at least all of these past cases, um the infrastructure gets built out people take on too much debt and then you hit some blip whether it's some macroeconomic thing or maybe you just have like a couple of years where the demand for the product doesn't quite materialize

And then a lot of the companies end up going out of business and then the assets get distressed and then it's a great opportunity to go buy more. So I think that that, it's not, it's obviously impossible to predict what will happen here. There are compelling arguments for why AI could be an outlier and basically just, you know, if the models keep on growing in capability year over year and demand.

keeps growing then maybe there is no collapse or some or something um but i do think that there's definitely a possibility at least empirically based on past large infrastructure build outs and how they led to bubbles that um that's something like that would happen here um from meta's perspective you know i I think the strategy is actually pretty simple. At least in terms of building out the infrastructure, no one knows when superintelligence is going to be possible.

Is it going to be three years? Is it going to be five years? Is it going to be eight years? Whatever. Is it never going to happen? But I don't think it's never going to happen. I'm more ambitious or optimistic. I think it's going to be on the sooner side.

Let's say that you weren't sure if it was going to be three or five years. In a conservative business situation, maybe you'd hedge building out your infrastructure because you're worried that... if you build it out assuming it's going to be three years and it takes five then you've lost you know maybe a couple hundred billion dollars or something i mean my view is that that's a lot of money

Well, no. Well, I was going to say in the grand scheme, it is objectively a huge amount of money. Yeah. Right. I mean, didn't you just tell Trump you were going to spend like 600 billion? I mean, that's- I did. Yeah. Through 2028, which is- That's a lot of money. It is. And if we end up misspending a couple of hundred billion dollars, I think that that is going to be very unfortunate, obviously. But...

What I'd say is I actually think the risk is higher on the other side. If you build too slowly and then super intelligence is possible in three years, but you built it out assuming it would be there in five years, then you're just out of... position on what i think is going to be the most important technology that enables the most new products and innovation and value creation and history so um so i don't know i mean it's um

I don't want to be kind of cavalier about it. I mean, obviously these are very large amounts of money and we're trying to get it right. But I think the risk, at least for a company like Meta, is probably in...

not being aggressive enough rather than being somewhat too aggressive. But part of that is like, we're not at risk of going out of business or something like that, right? If you're one of these, companies that, like an OpenAI or an Anthropic or something like that, where they're raising money.

as the way that they're funding their build out. And there's obviously this open question of to what extent are they gonna be able to keep on raising money? And that's dependent both to some degree on their performance and how AI does, but also all these macroeconomic. factors that are out of their control. I mean, the market could get bearish for reasons that have nothing to do with AI. Maybe something bad happens internationally.

And then it could just be impossible to fulfill the kind of the compute funding, like the compute obligations. So I think that's, it might be a different situation if you're in one of their shoes. But I think for us, you... i think the clear strategy is it's it's just i think it's creates more value for the world um if we kind of assume

pretty aggressive assumptions about when this is going to be possible. It takes some risk that maybe it takes a little bit longer. Do you feel like the US is in a better place now to help with this and to help American companies?

I think you've done a lot of work with this new administration. And when we were here last year, you were saying you wanted to kind of stay out of it. But it seems like you realized – was the realization that this is just so important that – i i have to play ball with this oh well i mean the thing that i want to stay out of is partisan politics okay so um but i mean our we will always want to work with and have

good partnership and collaboration with governments right so um and that's going to be especially true in our home country but it's also true in other countries around the world where we serve large amounts of people um the so yeah but but i'd say yes i mean i think the this administration for a number of reasons is definitely more forward leaning on wanting to help build out infrastructure. And and that has, I think, been positive. And I think that that aspect of this is.

I think the next few years are going to be very important for the AI build out and the AI infrastructure build out. And I think having a government, which it's important both at the federal level and in the states where you work, that... want that build out to happen is fundamentally a helpful thing. Yeah. There was a line in your super intelligence memo that you wrote where you said,

Over the last few months, we have begun to see glimpses of our AI systems improving themselves. I was really interested in that line. What specifically did you see that made you write that? Well, I mean, one of the early examples that we saw... was a team that was working on Facebook that took a version of Llama 4 and made this autonomous agent. that could start to improve parts of the Facebook algorithm. And it basically checked in a number of changes.

that are the type of thing that like a mid-level engineer would get promoted for really so yeah so i think that's like very neat it's like you basically have built an ai that is

building AI that makes the product better, that improves the quality that people observe. To be clear, this is still a... a low percentage of the overall improvements that we're making to facebook and instagram um but i think it'll grow over time so that's what that's that's um one of the things that i was talking about when i said

glimpses. This isn't like, okay, the AI is improving itself at an exponentially fast rate or something like that. I think that what we're seeing are early examples of AIs autonomously improving AI in ways that are having a positive impact on the experience that people get. And that's how to think about superintelligence broadly is that when you're there, it's AI that is rapidly improving itself. That's what it means? Or is that too simple? Yeah, I think AI that can improve itself.

And that's beyond human level. I think that there's this dynamic today where all the AIs are trained on... data and knowledge that people have produced. So a lot of the systems seem to be kind of very broad and have all the knowledge of humanity. So maybe that's in... Some dimensions, it might feel like it is smarter than any one given person and kind of the breadth of what it knows. But I still think today the systems are basically gated on human knowledge.

And there is a world beyond that, right? Where I think you're starting to get into that with some of the thinking models where they can go out and solve problems in the future that...

no person can solve and then can learn from having solved that problem. And the pace of that improvement to me is somewhat less important than... than just the process of it i'm not like a super fast takeoff believer because um in the sense that i don't think it's like going to be okay one day it can improve itself and then the next day it's going to take over everything um

i mean i think that there's like way more physical constraints like it takes time to build data centers like if you a lot of frontier human knowledge comes from empirical experimentation right so you um If you develop some new drug, you want to see A, if it works, and B, if it's safe for people. How do you do that? You run a test where you give it to a handful of people.

maybe more than a handful, but some statistically significant group of people. And you observe how that goes for a while to see both whether the positive effects are kind of long-lived and whether there's any negative effects. Okay, well...

If you're trying to run a six month or a 12 month trial, you can't do that in less than six or 12 months. I mean, maybe you can get a negative result sooner, but you're not going to be able to validate that you can get the positive result that you're looking for without having done. that test. So I think that's also going to be true of AI, right? There are going to be some things that maybe something that's like a super intelligent system can just...

intuit or reason from first principles using the knowledge that we already have. But I think a lot of learning is going to be experimental. And I do just think these things take time. You have to run long-term experiments if you're trying to make long-term changes in the world. And that, I think, is going to be true for the AI too. Now, maybe it'll, on average, run smarter experiments. So per experiment, maybe it'll learn more.

I think it will probably be able to figure out some things from first principle. It will definitely be able to figure out a bunch of things from first principles, but I don't know. I'm not like, I'm not on the camp of people who think it's going to be like, overnight this changes i think it's going to be this very steady progression we're just making our lives better

Well, it's going to be a wild few years. Yeah. Yeah. Mark, I appreciate you doing this. Yeah. Happy to. Yeah. Congrats on the new show. Thank you. Appreciate it. Alex, I enjoyed that interview, but I have to ask, how does it feel to have Mark Zuckerberg in your neuro band? I hope he's not actually in the band, but I guess we don't know for sure. But seriously, thanks to Zuck for taking the time to be the first guest on Access.

You can read more about what we talked about in my newsletter, sources.news. And Ellis, what are you plugging? Yeah, you could find me on Twitter, which I will continue to call Twitter at at hamburger and at meaning dot company. Access is produced in partnership with Vox Media. Please follow us. We're a new show. We need your support. We need your follows hitting that notification button to get new episodes. You can find us on Spotify.

Apple Podcasts, all the other podcast apps that I don't know about. We're also on YouTube and video. Please check us out there at AccessPod. You can also find us on all of the socials at AccessPod. Smash that like button. Smash it. Can't wait to tell my grandkids. Alice, that's our first episode. We'll see everyone next week.