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Chamath Palihapitiya

๐Ÿ‘ค Speaker
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23929 total appearances
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Podcast Appearances

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

And that's actually, when I was on your podcast, actually the summit, I talked about we're going to be the biggest purchasers of the autonomous robot.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

It's because the real question is how do you actually employ robots?

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

How do you get robots to return ROI?

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

Because folding laundry and cleaning dishes is not a high ROI use case.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

It's going to be the companies.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

That's a $20 an hour use case.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

You're not going to pay $40,000 or $20,000, whatever it is.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

But US has to be the best in the world at figuring out how to use robots to make unfair advantages with these companies, whether it's oil and gas, whether it's-

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

A nervous system.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

Gecko will be that.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

That's exactly what we offer.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

The nervous system to pull all this information from robots together.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

And then you can build and use AI models on top of that to use the information data to then also begin to take actions back into the real world.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

Yeah, that's exactly the roadmap for us.

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

But first, you have to figure out, like, what is the state of the built world?

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

What is the state of the health?

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

What sorts of actions should I take when it comes to repair?

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

What sorts of automated welding solutions, for example, are the right ones?

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

And which ones could use information about how well that weld was done?

All-In with Chamath, Jason, Sacks & Friedberg
Coinbase CEO Brian Armstrong Breaks Down the Three Biggest Trends in Crypto + More from Davos!

As a feedback, you can create a foundation model for welding, being the best in the world at welding.