Altman Meets with Mideast Investors as OpenAI Eyes $830 Valuation

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Bloomberg Tech 1h 18m 9 speakers 7 chapters transcribed
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What is the main topic discussed in this episode?

Elon Musk 0:00
AI agents are getting pretty impressive. You might not even realise you're listening to one right now.
Unknown 0:05
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Stephanie Flanders 0:15
Donald Trump is rewriting the Washington rulebook and reshaping the global economy. If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, head of government and economics at Bloomberg. Every week I'll bring you a smart, focused conversation with reporters and experts from Washington, Wall Street and beyond. Listen to new episodes every Wednesday and follow Trumponomics wherever you listen.
Ed Ludlow 0:47
Bloomberg Audio Studios.
Caroline Hyde 0:49
Podcasts, radio, news. We want to go live to the stage in Davos now where Elon Musk is speaking with BlackRock CEO, Barry Fink. It's an important component of who we and what we are, and I'm thrilled to have Elon Musk here. He came all the way from California to be here to see all of you, so thank you, Elon.
Elon Musk 1:12
You're most welcome.
Caroline Hyde 1:13
Thank you.
Elon Musk 1:16
I heard about the formation of the Peace Summit, and I was like, is that P-I-E-C? You know, a little piece of Greenland, a little piece of Venezuela. We got one. All we want is peace. As I said, I'm a pretty proud CEO of BlackRock since we went public. The compounding return of BlackRock to our shareholders was 21%.
Caroline Hyde 1:49
Since Elon took Tesla public, his compounded return is 43%. This is just another advertisement for everybody, especially for Europeans. This is why more citizens should be investing with growth, investing with their countries. Imagine if a lot of pension funds invested with Elon when Tesla went public, and how much... We return with all the pension funds that invested side by side with Elon and the growth. So a spectacular return. There's very few companies. Well, I don't think there's any other company as large as Tesla today that has that compounded return.
Elon Musk 2:36
So congratulations. Thank you. It's a good measurement. Well, we have an incredible team at Tesla. That's the reason. So...
Caroline Hyde 2:43
I want to get into the dirt, the meaningful component about technology, the possibilities. I want to talk about AI and robotics, energy, space, and the progress ultimately coming down to engineering, engineering discipline, scale, execution, and few... Few people, if not anyone, has the experience and the fortitude to confront these issues head on. Not just the ideas, but the execution across so many different technologies, Elon, and that's why I thought it was important for us to have this dialogue here in Davos.
Elon Musk 3:22
So you're presently building on AI, on robotics, on space, on energy, all at the same time.
Caroline Hyde 3:30
When you look across those efforts, What do they have in common from an engineering standpoint?
Elon Musk 3:38
Well, they're all very difficult technology challenges, but the overall goal of my companies is to maximize the future of civilization, like basically maximize the probability that civilization has a great future. And to expand consciousness beyond Earth. So if you take SpaceX, for example, that SpaceX is about advancing rocket technology to the point where we can extend life and consciousness beyond Earth to the moon, to Mars, eventually to other star systems. And I think we should always view consciousness, life as we know it, as precarious and delicate. Because to the best of our knowledge, we don't know of life anywhere else.

What are Elon Musk's views on AI costs and robotics at Davos?

Elon Musk 4:30
I'm often asked, are there aliens among us? And I'll say that I am one. Or you're from the future. They don't believe me. Okay. So... I think if anyone would know if there are aliens among us, it would be me. And we have 9,000 satellites up there, and not once have we had to maneuver around an alien spaceship. So I'm like, I don't know. Bottom line is, I think we need to assume that life and consciousness is extremely rare, and it might only be us. And if that's the case, then we need to do everything possible to ensure that the light of consciousness is not extinguished. Because we're effectively, the way I view it is, the image in my mind is of a tiny candle in a vast darkness, a tiny candle of consciousness that could easily go out.

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