Sam Altman

This clunky, and these are not functional prototypes, obviously.

And there was an interesting waypoint. Microsoft had the first tablets. Here's the Microsoft tablet for those of you watching. That came, you know... I don't know, this was the late 90s or early 2000s, Friedberg, if you remember it. These like incredibly bulky tablets that Bill Gates was bringing to all the events.

And there was an interesting waypoint. Microsoft had the first tablets. Here's the Microsoft tablet for those of you watching. That came, you know... I don't know, this was the late 90s or early 2000s, Friedberg, if you remember it. These like incredibly bulky tablets that Bill Gates was bringing to all the events.

So you get a lot of false starts. They're spending, I think, close to $20 billion a year on this ARVR stuff.

So you get a lot of false starts. They're spending, I think, close to $20 billion a year on this ARVR stuff.

This is the convergence of like three or four really interesting technological waves. All right, just dovetailing with tech jobs and the static team size, there is a report of a blue-collar boom. The tool belt generation is what Gen Z is being referred to as. A report in the Wall Street Journal reports, hey, tech jobs have dried up. We're all seeing that.

This is the convergence of like three or four really interesting technological waves. All right, just dovetailing with tech jobs and the static team size, there is a report of a blue-collar boom. The tool belt generation is what Gen Z is being referred to as. A report in the Wall Street Journal reports, hey, tech jobs have dried up. We're all seeing that.

And according to Indeed, developer jobs down within 30% since February of 2020, pre-COVID, of course. If you look at layoffs that FYI, you'll see all the, you know, tech jobs that have been eliminated since 2022, over a half million of them, bunch of things at play here. And the Wall Street Journal notes that entry level tech workers are getting hit the hardest

And according to Indeed, developer jobs down within 30% since February of 2020, pre-COVID, of course. If you look at layoffs that FYI, you'll see all the, you know, tech jobs that have been eliminated since 2022, over a half million of them, bunch of things at play here. And the Wall Street Journal notes that entry level tech workers are getting hit the hardest

especially all these recent college graduates. And if you look at a historical college enrollment, let's pull up that chart, Nick, you can see your undergraduate, graduate and total with the red line, we peaked at 21 million people in either graduate school or undergraduate in 2010. And that's come down to 8.6 million.

especially all these recent college graduates. And if you look at a historical college enrollment, let's pull up that chart, Nick, you can see your undergraduate, graduate and total with the red line, we peaked at 21 million people in either graduate school or undergraduate in 2010. And that's come down to 8.6 million.

At the same time, obviously, in the last 12 years, you've had the population has grown. So this is even, you know, if it was a percentage basis would be even more dramatic. So what's behind this?

At the same time, obviously, in the last 12 years, you've had the population has grown. So this is even, you know, if it was a percentage basis would be even more dramatic. So what's behind this?

A poll of 1,000 teens this summer found that about half believe a high school degree, trade program, or two-year degree best meets their career needs, and 56% said real-world on-the-job experience is more valuable than obtaining a college degree, something you've talked about with your own personal experience, Chamath, at Waterloo. doing apprenticeships, essentially.

A poll of 1,000 teens this summer found that about half believe a high school degree, trade program, or two-year degree best meets their career needs, and 56% said real-world on-the-job experience is more valuable than obtaining a college degree, something you've talked about with your own personal experience, Chamath, at Waterloo. doing apprenticeships, essentially.

Your thoughts on Generation Tool Belt?

Your thoughts on Generation Tool Belt?

Saks, your thoughts on this generation tool belt we're reading about and, you know, the sort of combination with static team size that we're seeing in technology, companies keeping the number of employees the same or trending down while they grow 30% year over year?

Saks, your thoughts on this generation tool belt we're reading about and, you know, the sort of combination with static team size that we're seeing in technology, companies keeping the number of employees the same or trending down while they grow 30% year over year?

Friedberg, is this like just the pendulum swung too much and education got too expensive, spending 200K to make $50,000 a year distinctly different than our childhoods, or I'm sorry, our adolescence when we were able to go to college for 10K a year, 20K a year, graduate with some low tens of thousands in debt if you did take debt, and then your entry-level job was 50, 60, 70K coming out of college.