Freiburg

Wait, no, wait a second.

Wait, no, wait a second.

Yeah, well, it's actually an incremental $69. So the way it works is that- Oh, 60 on top. The lab gets 100 and then Harvard bills the government $69. That's insane. That's insane. And this is true. And the average is around 30% today across universities and other institutions. So there's also this very fundamental question that's being asked in science right now.

Yeah, well, it's actually an incremental $69. So the way it works is that- Oh, 60 on top. The lab gets 100 and then Harvard bills the government $69. That's insane. That's insane. And this is true. And the average is around 30% today across universities and other institutions. So there's also this very fundamental question that's being asked in science right now.

which is, are universities even the right place to be doing fundamental scientific research? In the United States, there are different models. Most of our research is done either at a private company, which is a small amount of research. And remember, I've talked about this a lot.

which is, are universities even the right place to be doing fundamental scientific research? In the United States, there are different models. Most of our research is done either at a private company, which is a small amount of research. And remember, I've talked about this a lot.

The big companies that have a market that's telling them you have to have a positive return on invested capital, that have the scale to invest, have the most incredible returns for America, like Google, Apple,

The big companies that have a market that's telling them you have to have a positive return on invested capital, that have the scale to invest, have the most incredible returns for America, like Google, Apple,

that put out the transformer model that launched everything that we see today and invested in Waymo for many years and drove the self-driving car revolution and all the work that was going on at Bell Labs up until we said Bell Labs is a monopoly, we broke them apart and they got destroyed.

that put out the transformer model that launched everything that we see today and invested in Waymo for many years and drove the self-driving car revolution and all the work that was going on at Bell Labs up until we said Bell Labs is a monopoly, we broke them apart and they got destroyed.

And so we largely aim to destroy large private research institutions in this country because we claim that they're monopolistic because of the way they source capital, which is through activities in the marketplace.

And so we largely aim to destroy large private research institutions in this country because we claim that they're monopolistic because of the way they source capital, which is through activities in the marketplace.

So the question today that's being asked is, should we be doing fundamental scientific research at universities, given that over time, the administrative overhead has grown and they're basically creating administrative workloads and employing people without necessarily having a market incentive?

So the question today that's being asked is, should we be doing fundamental scientific research at universities, given that over time, the administrative overhead has grown and they're basically creating administrative workloads and employing people without necessarily having a market incentive?

Oh my God. I want to add, Jamal.

Oh my God. I want to add, Jamal.

I want to just address this because I think there's a moment here that I think will define a very different future for education, which is kind of a movement away from the current model of a school. AI is such a profound tool. The ability for AI to get to know your personality and just like teach my kids the way they want to be taught through conversation, through engagement, through dialogue,

I want to just address this because I think there's a moment here that I think will define a very different future for education, which is kind of a movement away from the current model of a school. AI is such a profound tool. The ability for AI to get to know your personality and just like teach my kids the way they want to be taught through conversation, through engagement, through dialogue,

knowing that some kids want to ask questions, and some kids want to just be told stuff. Some kids work at one pace, other kids work at another pace. And I know this idea of personalized education using computing has been around now for decades.

knowing that some kids want to ask questions, and some kids want to just be told stuff. Some kids work at one pace, other kids work at another pace. And I know this idea of personalized education using computing has been around now for decades.