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Chapter 1: What is the main topic discussed in this episode?
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And I'm Scott Galloway.
So, where are you going in the Met Bowl?
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Chapter 2: What is GameStop's $55 billion bid for eBay about?
I think that's what the AI guys are going to do. I think they're just going to create a ton of confusion around this and make it difficult to pass anything. And also, they have the money. My understanding is they've already pledged about a quarter of a billion dollars. And just for reference, leading up into the 22 midterms, Pharma spent- 26. No, I'm using 2022 just as a benchmark.
Okay, got it.
Crypto. But the pharma lobby spent 380 million, insurance spent 159, real estate spent 139. I think you're going to see far more than that spent by the pro AI lobby, I think it's going to be sort of, uh, they'll try to couch it as we're, we're for safety and children. We need to do this thoughtfully and the anti AI will be a grassroots and it'll be focused on data centers.
They're environmentally damaging to us. They not creating any jobs and all they're going to do is send your already soaring energy costs even higher. Um, so I, it's going to be, it's, it's going to be an interesting It's going to be an interesting proxy for how people feel about AI and technology.
I don't know. I feel like it goes back to the Bezos thing. Nobody likes them anymore. They have become villains. They are villains now. No matter how much money they spend, people are like, I can't tell you how many people come.
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Chapter 3: How did Ryan Cohen's CNBC interview impact GameStop's stock?
Scott, really interestingly over the past week, People have come up to me and said, thank you to you and I for being at least critical in a smart way, like very, you know, not just screaming about it, but explaining it.
I just feel like these are villains now, and they can spend as much money as they want, but I don't think it's going to, I think people in their heart feel very nervous about it and very, very distrustful. And I know it doesn't correlate with how much money, like Prado, was, but the story is about corporations fucking you, tech companies fucking you. That's really what it's about.
And I think, and it did it in a very subtle way, but they've got, I'm not so sure it's going to work. And the same thing with these, the prediction markets, as much as they're interesting, everyone's got a little funny feeling about them. I mean, obviously the Senate, nobody in the Senate should be on prediction markets if they have information. Or trading stocks. Trading, well, both.
You're right. And predictive action is even worse on some level because it's like, let's bet on death, essentially. And it should be the White House. It should be the House. It should be all of them. It's not free speech. You have unique information. You're there for the public service. And while you're there, you're not going to be gambling, essentially, which is what I think it is.
Look, there's two issues here, and we'll come back to this. One is how the general public feels about AI and how the brand has eroded dramatically. And then there's, in my view, we should follow the Singapore model. An entry-level minister earns the equivalent of $800,000 and 1.7 million US for a prime minister.
The objective of our elected representatives, the incentive should be you are there to make Americans wealthier, not to enrich yourself. And what Americans see right now around AI is the following. It's making a lot of people a lot of money, but the only thing I see is risk peril, according to these guys, and my electricity costs are going to go up. So I'm supposed to like this.
Oh, and by the way, the ultimate poster child for tech in this age is Musk. Yeah. And he does not acquit himself well.
No, he does not.
So it used to be Gates who was a little bit awkward. It used to be and then went on to, I think, get very concerned about public health and developing nations. Steve Jobs at a minimum was likable and seen as a visionary. The new spokespeople for tech, are Musk, Altman, right? I don't even think Bezos, he's kind of left, no? Don't you think he's kind of left the stage?
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