Chamath

The first thing Palantir does when they go into a customer is they integrate with all of its systems. And they're dealing with the largest enterprises. They're dealing with the government, the Pentagon, Department of Defense. The first thing they do is go in, and integrate with all of these legacy systems. And they collect all of the data in one place. They call it creating a digital twin.

And once all the data is in one place with the right permissions and safeguards, now analysts can start working it. And that was their historical value proposition. But in addition, AI can now start working that problem. So anything that the analysts could work, now AI is going to be able to work. And so they're in an ideal position to master these new AI workflows.

And once all the data is in one place with the right permissions and safeguards, now analysts can start working it. And that was their historical value proposition. But in addition, AI can now start working that problem. So anything that the analysts could work, now AI is going to be able to work. And so they're in an ideal position to master these new AI workflows.

So what is the point I'm making? It's just that you can't just throw an LLM at these large enterprises. You have to go in there and integrate with the existing systems. It's not about ripping out the existing systems because that's just a lot of headaches that nobody needs. It's generally an easier approach just to collect the data.

So what is the point I'm making? It's just that you can't just throw an LLM at these large enterprises. You have to go in there and integrate with the existing systems. It's not about ripping out the existing systems because that's just a lot of headaches that nobody needs. It's generally an easier approach just to collect the data.

I just think that that's the cycle. Whenever you're dealing with a disruption as big as this current one, I think it's always tempting to think in terms of the existing pie getting disrupted and shrunk as opposed to the pie getting so big with new use cases that on the whole, the ecosystem benefits. No, no, no, I agree with that. I suspect that's what's going to happen.

I just think that that's the cycle. Whenever you're dealing with a disruption as big as this current one, I think it's always tempting to think in terms of the existing pie getting disrupted and shrunk as opposed to the pie getting so big with new use cases that on the whole, the ecosystem benefits. No, no, no, I agree with that. I suspect that's what's going to happen.

Speaking of investing in late-stage companies, we never closed the loop on the whole open AI thing. What did we think of the fact that they're completely changing the structure of this company? They're changing it into a corporation from the nonprofit, and Sam's now getting a $10 billion stock package.

Speaking of investing in late-stage companies, we never closed the loop on the whole open AI thing. What did we think of the fact that they're completely changing the structure of this company? They're changing it into a corporation from the nonprofit, and Sam's now getting a $10 billion stock package.

I've got enough money.

I've got enough money.

I'm paid enough for health insurance. I have no equity in OpenAI.

I'm paid enough for health insurance. I have no equity in OpenAI.

No, Louisiana. That's Senator John Kennedy from Louisiana. He's a very smart guy, actually, with a lot of you know, sort of common folk wisdom. He got that simple talk. Yeah, exactly.

No, Louisiana. That's Senator John Kennedy from Louisiana. He's a very smart guy, actually, with a lot of you know, sort of common folk wisdom. He got that simple talk. Yeah, exactly.

Yeah, he's very funny, but... He's very funny. If you listen to him, he knows how to slice and dice his opponents.

Yeah, he's very funny, but... He's very funny. If you listen to him, he knows how to slice and dice his opponents.

Look, I said on a previous show that this organizational chart of open AI was ridiculously complicated and they should go clean it up. They should open up the books and straighten everyone out.

Look, I said on a previous show that this organizational chart of open AI was ridiculously complicated and they should go clean it up. They should open up the books and straighten everyone out.

And I also said that as part of that, they could give Sam Altman a CEO option grant and they should also give Elon some fair compensation for being the seed investor who put in the first $50 million and co-founder. And what you're seeing is, well, they're kind of doing that. They're opening up the books. They're straightening out the corporate structure.