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Chamath Palihapitiya

๐Ÿ‘ค Speaker
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22202 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!

That's the world I live in.

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

And I wear the steel toe boots to be able to understand the problems.

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

That's what's going to happen.

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 want to be able to get the experience and the subject matter expertise to make sure the robot is actually understanding what are the sorts of ramifications if I do this action versus that action.

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

What we need to understand, too, is there's going to be a lot of teleoperations with mobile robots in particular.

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

And so you're going to have humans in the loop.

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

They might not be in the field as much.

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

They might be more in an AC building, being able to operate and build information and data to train the foundation model.

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 right.

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

Well, I mean, the story of Gecko has been a story of building robots to help to reduce the barrier to entry of these jobs that sometimes take 10,000 hours to be great at and actually making it something you can attain within a few months of being able to use the technology in these fields.

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

And so whether it's manufacturing different parts and inspecting the quality of those parts or it's actually gathering information, data set,

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

understand what kind of decisions to make.

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

My goodness, you have a shortage of welders, you have a shortage of inspectors, you have a shortage of all these trades, and you have to be able to augment and take a Home Depot employee in a couple months, make them able to make $100,000, $150,000 running your robot, doing it safely.

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

And so that's an exciting, brave future.

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

I think the key unlock for us in the robotics community is just like, you gotta get your robotics into the field, you gotta fail fast and also rapidly prototype really quickly, and then manufacturing them is the big issue.

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

As we focus on these sorts of problems, because in this journey, over the next five years, to be that company that's the best in the world at taking robots and making ROI from them, that's what we're focused on in terms of setting ourselves up to be the world dominant there.

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

It was basically on the concept that we're talking about here, which is like, you know, I'm a I'm a I live in Pittsburgh.

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

At some point, Pittsburgh had like more millionaires in 1930 than New York.

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

It made 70% of the world steal.

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

And it's, you know, the economy changed a bunch.