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Scott Bessent

๐Ÿ‘ค Speaker
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1563 total appearances
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Appearances Over Time

Podcast Appearances

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

Secretary, as an economic historian, maybe just very briefly tell us the lessons of these previous economic expansions, technological booms.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

What we need to learn from those things, whether it was railroads or whether it was the agrarian revolution or the industrial revolution, so that we don't screw up the AI revolution.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

What are the few critical things we need to do it?

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

Let me redirect this back to AI, because...

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

So if you actually forecast the growth of just the servers and then the robots and all of these things, we're going to need terawatts and terawatts.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

That's on one side.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

And so the obvious solution would be to build, to drill, to do what we need to do.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

And then on the other side is this latent fear that some people have that this will somehow upset the apple cart, sustainability, the climate, et cetera.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

How do we create the logical bridge so that people really understand that this is all possible, that this is not going to destroy the Earth, and that we can get this abundant energy?

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

Especially because, as you guys have said very well, if we don't do it and somebody else has marginal, costless energy, they will de facto win.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

So how do we frame the argument so that people can understand this better?

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

When you talk about nuclear expansion, I just want to talk about nuclear expansion for one second.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

So how do we actually build these things faster, have the capability and the technical construction know-how so that these aren't 15-year projects?

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

But also, how do we incentivize the states to basically get out of the way?

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

Or like, you know, these other organizations that can launch the frivolous lawsuits, slow it all down.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

How do we do that?

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

Trillions.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

How do we solve the...

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

The supply chain issues around the turbines and the other enabling technologies that we need for things like NatGas, because I agree with you.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

I have a data center project in Arizona.