Gavin Newsom

I started something called ODI, Office Digital Innovation.

I did not, my mistake-

do it with a chainsaw.

Had I done that, you would know about it.

No one's denying these issues.

But let's also not deny this is purely political.

California, as you know, is the first state to lead in terms of doing regulations for frontier models, large language models.

We worked through that over a two-year process.

It's become, we think, I don't want to overstate it, but Kathy Hochul mirrored a lot of what we did.

She made it her own in New York.

In some ways, it may have the tenets of becoming a national model.

We take it very seriously.

Truth, trust, peril, promise.

but I don't see it in binary terms.

I'm not an accelerist, nor am I a doomer in this respect.

And maybe it's because I spend too much time with all of the flavors of perspectives on this so I can see the contours, but I also know this, we don't know what we don't know.

but I do see the need for us to address the issue of anxiety in a deep and profound way, and that's why we've been leading an effort which we hope to unveil very shortly on UBC, not universal basic income, minkum, the old construct, but this notion of universal basic capital.

A lot of folks talking about sovereign wealth funds, more challenging than it appears to do that.

I've been working to try to figure a version of that out, but universal basic capital,

is important pre-distribution strategies not just redistribution strategies uh tenants and aspects for the california economy your question that we're trying to shape uh more on that we hope in may and june of this year as as we lay out some tracks for resolving some of that anxiety