Eric Schmidt

And imagine a situation where instead of having growth, you have shrinkage and furthermore, they're getting older.

And so as a business, all of a sudden your revenue is declining and there's nothing you can do because you can't innovate with fewer and fewer customers.

So if you just put it in a business context, ignoring the moral issues, which are all very real, it's just bad, right?

So we have to solve that problem.

I happen to be in favor broadly of immigration because I think immigration helps us solve that problem, but as a global mechanism, we have to address that.

In any case, from my perspective, you're going to have these issues, but America is organized around the concept of American exceptionalism.

And as long as we understand that the way we make progress is we invest in the right people, in the right businesses, we have a strong capital market, we invest in the infrastructure that they need, we'll be fine.

That is my actual opinion.

So first place, the speech that the president delivered about a month ago about AI strategy, which I think you probably wouldn't say it, but you kind of wrote it for him, was exactly right, right?

So thank you.

Yes.

If you didn't write it, then it must have been your twin.

But in any case, you got the emphasis right, which was that investment in research, investment in the kind of stuff that we do is really, really important.

I don't agree with you on this AGI thing because there's this group which I call the San Francisco narrative, because they all live in San Francisco, and their narrative goes something like this.

Today we're doing agents.

The agentic revolution will change businesses, which I agree with.

that what happens is the systems will become recursively self-intelligent.

With recursive self-improvement, as it's called, if you have a scale-free problem, and a scale-free problem, for example, is programming or math, where you can just keep doing it, you get these enormous fast gains if you buy enough hardware, do enough software, so forth and so on.

That is still underway.

The collective of that says that in the next three-ish years, they believe that we will get forms of superintelligence.