Reid Hoffman

That's the standard that we should all hold ourselves to.

So one of the things, in addition to quantum computing, which we already talked about, one of the things that I've been looking at is what other areas are people not paying nearly enough attention to that AI will make a huge difference for the human condition. And drug discovery is a really important one.

How you use drug discovery as we invent new drugs for really key things like cancer, those will make a huge difference to the quality of human life, to lives saved, and to the economics. So we spend an enormous amount of our economic budget on medicine, and we'll have a huge saving there. I've been working on the intersection of bio and computing for over a decade now.

Now is the time with AI that we will start seeing amazing new products.

think it was the founders fun guys he said it was like an injustice if you do that that's a hyperbolic statement i mean look i think we want to get more people doing the big things doing nuclear fission and fusion doing drug discovery doing education doing other things that have an impact for billions. But by the way, sales process is also part of how the OS of our society is business.

The OS of our society is like, how is government funded? Through the operations of business. How are universities funded? How is medicine funded? How is education funded? Through the operations of business. So improvement of business is a good thing. So improvement of sales and sales efficiency is also a good thing. So is it a less heroic, oh my gosh, I have cured some versions of cancer.

I have made fusion possible. Yes. And I think as a society, we should appropriately treat the people who are doing the heroes and things as heroes. But by the way, it's a contribution to be contributing to sales too.

Well, I'm bullish for a couple of reasons.

So one, amazing set of talent, universities, technical talent, entrepreneurs, a willingness to be bold, not just the bold that went and created the United States of America, because you could look at US as a entrepreneurial offshoot from Great Britain, but also kind of a global perspective, a willingness to be like one of the things that I loved in visits here in my days as a student,

was the global learnings and global perspective I get from London and Oxford and Cambridge and other places. And so there is enormous potential.

It doesn't mean there aren't challenges. Brexit was a terrible idea. And I think there are challenges. But the notion of how we rejuvenate economies, we go, look, how do we build the economies of the future? And so you can't try to hold on to the economies of the past. You don't want to say, well, I want to be doing coal mining in Newcastle. You're like, no, no.

We should be good for those communities and people and try to help them transition, but we need to build the economies of the future. The question is, I think the UK is well positioned to make that progress and make that effort, but it has to be collectively investing in it, enabling it, bringing in talent.

Well, you may have studied this more closely than I have, and so there may not be yet, but I know that the capabilities, the talent, the will is possible. Now we just have to organize and make it happen. I mean, this is part of the thing of, Occasionally, since it's part of my support for Entrepreneur First, I meet with these entrepreneurs. They're great entrepreneurs.

They can create great businesses. We need to enable that. And by the way, once you create great businesses, that then has economy, jobs, revenue, tax revenue, et cetera, et cetera. That's the thing we need to be doing.

I think it's important to have chip sovereignty within the Western ecosystem. For example, I would be less concerned. I'm an advocate for, I think, what the Biden administration did with the CHIPS Act as a good idea. restart the chips ecosystem in the US is a very good idea.

I hope that while I expect that the next administration, because they'll say everything the Biden administration did was terrible, we're tearing it all down, that they'll tear it down in words and then keep doing the work, right, would be my hope. But I would be much less concerned about that if Europe had a good chips industry, because it's within the Western ecosystem and diversified.

One of the things we learned from COVID is one of the challenges of globalization tends to be the, oh, we resolve to one point of manufacture, but then you're brittle. So when Italy went down with COVID, all of a sudden, the specific medical manufacturer that was oriented there suddenly broke for the rest of the world. So you want...

several different places of source of origin for resilience and robustness against possible adversity. So ideally, in a good world, you'd have two to four or five places of semiconductor manufacture, and you would have at least one or two of those within the Western nations. And if that was the case, then we'd be good. So a single point of dependency on Taiwan has a bunch of global risk.

So unsurprising to you, because you and I have talked a bunch, both. So both NVIDIA's business will continue to go very strongly because they have an amazing lead in amazing chips and there is massive demand for their chips for doing compute. And many players, Google, Amazon, others, including AMD, are building out chips as well. So you both have them developing.

what is still a very valuable leading resource, and a bunch of other chips developing as well. We have kind of like electricity. We have infinite demand for compute at moderate pricing. So as long as we can deliver that, demand will completely fill.