Reed Hastings

lip service to retraining, but we didn't really understand or take seriously the devastation of a lot of communities.

So I think, you know, the elites in this room, as an example, do a better job at that, which is, you know, where is AI really providing benefits to people's healthcare to their day-to-day lives?

And if we can do that, then there's more toleration of the dislocation, which is, as you said, cost of electricity, data centers, those things.

It's unlikely, but, you know, it's definitely possible.

But again, you know, the telecom boom in 2000, I mean, you know, it's a slight overinvestment, you know, so it could be.

But if you look at the, in the telecom one, everyone got so excited about the internet that they forward invested and were disappointed for a while, but ultimately the internet really did deliver.

But if you look at the mobile phone, it never had a bubble.

It came out and just grew and grew and grew in impact.

So you can get both things that live up to the hype and things where the hype gets bigger than the actual technology in the short term.

And, you know, the market's a good way to work that out on AI.

Does it matter who gets there first?

Well, if you're talking countries, it matters a lot.

Correct.

If you're talking companies, you know, I care a lot because I'm on the board of Anthropic.

But from a society standpoint, it probably just matters that the technology is developed and deployed in great ways.

Yeah, absolutely.

I mean, if another country doesn't have to be China gets ahead of us, there are significant scenarios referred to in a class of the singularity where the AI gets so good that it writes the next AI and that AI is much better.

And then that writes the next AI.

And so, you know, being first by even just a year gives you an enormous advantage.

So that's the exponential advantage.