Joe Tsai on US-China Rivalry, AI's Future, Owning the Nets/Liberty, Caitlin Clark's Major Impact
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Who is Joe Tsai and what are his contributions?
For people who don't know who he is, please give us an introduction to Joe Sapp.
He's the owner of the Nets, and he's now chairman of Alibaba. We like innovation from the bottom up.
Alibaba just dropped their secret weapon, Quinn 2.5 Max. Alibaba surged 14.5% overnight, beat estimates on nearly every metric. A massive rally alone this year, adding about $100 billion to the stock's value.
How has Caitlin Clark impacted the WNBA?
You have to have a growth mindset when you compete.
Ladies and gentlemen, please welcome Joe Sy.
Hey. My man.
What are the origins of Alibaba and its evolution?
Good to see you. Good to see you. Good to see you, brother. Joe, nice to see you. How are you? Good to see you. Good to see you. David, how are you?
The Brooklyn Nets.
How does the US-China rivalry influence the AI race?
Brooklyn Nets. Brooklyn Nets.
What is the role of AI in large businesses today?
And the New York Liberty.
How does corporate culture function at Alibaba's scale?
And the New York Liberty, exactly.
What are the implications of AI adoption on job security?
It's not easy running a team, is it? It's not easy at all. Not easy at all. Because a basketball, any professional team is both a business and also it's an institution. You need to keep the fan base happy. So there's sort of this church and state element. It's almost like running a news organization.
Yeah, there it is. Can we maybe start with the WNBA and we can shift to business and we can shift to basketball, but I think Kaitlin Clark is out for the season and there's just been a lot of controversy and attention that the WNBA is getting. What has it done right? What has it done wrong? Has the league been doing enough to protect her as a star in the face of the league? It's been almost a microcosm for just a social discussion. Do you want to just talk about that as what you see?
What can the US learn from China's approach to AI and technology?
caitlyn clark definitely had an effect on uh the wnba all the metrics went up so this was last season right when she first came into the league from college and uh we've seen all of our metrics from viewership ticket sales sponsorship everything went up on like almost 4x 4X. 4X, right. I mean, that's incredible. That's incredible. So the economic impact that she's made to the league is extraordinary. Undeniable. Undeniable. But because of who she is, you know, she's a little bit of a different kind of... You know, she's a point guard, she's a smaller player. The knock on her was, was she gonna be able to withstand the physicality of the league? And she's proven that she's able to do that. Unfortunately, there's been, I think it's always good to have rivalries, right?
You know, she has this rivalry with Angel Reese that dated back to college. But some people would like to pit it as a kind of a racial thing or is it this or that? I think we need to look past that and just look at the skill set that's being brought into the league. Now we have so many great college players. Uh, the, the, the rookie of the year potential candidate, uh, is Sonia Citron. Have you ever heard of her before she came into the league? I mean, she, I think she just broke the record for the highest three point, uh, shooting percentage in the league. Uh, so, uh, You see tremendous amount of talent, and I think you ask, what have they done right? I think it's a matter of just a confluence of good things coming into the league.
And what about the NBA?
So you guys did just an enormous... But the one thing that's really changed that is... Prior to the Caitlin Clark season, your average fan base that watches ESPN, basically you guys are not watching women's basketball. Maybe some of them follow college, but certainly not the WNBA. Right. But now your average ESPN fan base, they are watching, the mainstream sports fan base are watching the WNBA. I think she's a...
I had an observation about this, and you and I are old school basketball heads, you know, watching, having watched the 80s and 90s and Patrick Ewing and Charles Barkley. It's more physical. They're tougher in the WNBA. And every time LeBron goes up and he gets fouled, oh, and he's just, oh, and he's flopping all over the place. How did he do it? Oh, you know, it's a foul. It's a foul. So maybe you could comment on LeBron being like... Or just generally the NBA product, actually. Yeah, I mean, they're just, oh, and then they're so tough and they're...
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Chapters
8 chapters
1
Who is Joe Tsai and what are his contributions?
0:01–0:24
2
How has Caitlin Clark impacted the WNBA?
0:24–0:43
3
What are the origins of Alibaba and its evolution?
0:43–0:52
4
How does the US-China rivalry influence the AI race?
0:52–0:53
5
What is the role of AI in large businesses today?
0:53–0:54
6
How does corporate culture function at Alibaba's scale?
0:54–0:56
7
What are the implications of AI adoption on job security?
0:56–1:43
8
What can the US learn from China's approach to AI and technology?
1:43–27:04
Speakers
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