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Who would you say are the best CEOs that are out there right now? Jensen for sure. Vla at Robin Hood, Sam Alman as a CEO. Maybe not as a person. Okay. Like I know he's a controversial person. Uh and by the way, I I I do think the best CEOs are often kind of psychotic, right? Like they're not normal people.
I would not be a great CEO at that level. Like I like spending a tremendous amount of time [gasps] with my kids, with my dog, having coffee, with friends. Like I don't want to spend the rest of my life continuing to level up in that manner. Uh but Sam Alman is a complete nut bag and like that's who I want running Open AI.
Uh if I'm invested in Open AI because he is a guy that's going to do whatever it takes. He's going to make sure that OAI doesn't leave any chips on the table. You know, like he's going for it all. Do you think Open will ever go public? Absolutely will go public. Why? Why? Oh, it has to. Yeah, they they need the money.
They They need liquidity. They They need more capital. They'll continue to need more capital. They They'll go public as soon as they determine that that's the next trunch of capital that's required. And they should go public. Yeah. It'll be a trillion dollars. More. Do you think it'll go more than that?
The biggest IPO? It'll be the biggest IPO of all time. I've been saying this for two years. People thought I was nuts two years ago when I said this. Uh two years ago I said it'll be a trillion dollar IPO and I still think it will be but I think it could I think on IPO day I it could be closer to 2 trillion than 1 trillion with the way it trades.
We'll see if I'm right about that. I know that sounds insane. Yeah. How soon until they have ads in SHA GBT when it starts recommending like oh this go to this local McDonald's here if you want a good place to it it has to have ads. Um, it it just has to and it will. He doesn't like ads, but it it will have ads.
They So, OI did a deal with Shopify. That's a really big deal, right? because like doing that deal with Shopify means that they will merge the worlds of commerce that listen as an Amazon investor my biggest uh tail risk right now is OAI and Shopify because if OI comes out and actually has like a 60 to 70% consumer market share of AI using that app and a lot of that commerce ends up getting pushed to a Shopify model that could be a little bit of an issue for Amazon Amazon at some point, but I'm not worried about it.
That's like years years out. We like Shopify a lot. Shopify has been a great sponsor of the channel. For the record, we use Shopify. Thank you, Shopify, for sponsoring this episode. Yeah, I I didn't even Well, I did kind of know that, but I wasn't thinking that. Um, that's a big deal for Shopify, though.
Didn't OpenAI also do a deal with PayPal? Yes. I don't know as much about that deal. They announced a deal and immediately PayPal went down. Did they? I don't know much about that. Okay. I think um listen they have like a billion people using chat GPT. It's incredible. By the way, I don't know the degree to which you guys use AI, but like I'm so addicted
all the time. Like, and this is the thing, like again, I'm going to go back to the iPhone moment. There's no doubt in my head. My conviction is 100% that AI is as big or bigger than what 95% of the people in the world think it is. I use it. I see it. I can't get away from it. I can't even imagine going back to a world without it.
Most of the world is just living to survive. Okay? Like the people concerned about job loss like in the first world like most people are just trying to survive every day. And like when we talk about that like we do not want these jobs for our future generations. Like do you really want someone doing physical labor for 45 years of their life?
Do you know how many people do not get to spend quality time with their family during those crucial years because they're working 60, 70 hour weeks? That is not what we want for humanity. Will we have disruption that will happen the next decade? Absolutely. Do we need to do everything in our power to try to help those people that are getting displaced temporarily?
Absolutely. Need to figure that out. But that aside, this is going to be the I think the biggest thing to ever happen to humanity because I think 30 years from now, a lot of the people in this world will get to live a life similar to mine, which is I never missed a soccer game, never missed a basketball game or football game on my kids.
Like when I've been fortunate enough to be financially independent because I've been an investor my whole life. And when I show up to the soccer field, there's usually one other dad because it's a 4:00 game. It's so hard to get who gets off of work at 4:00. It's impossible. So you get a bunch of moms, not even all moms because sometimes you have both people work, right?
And so like I'm at these games. I'm like this is I'm so fortunate. Like I've gotten to see every single piece of my kids' life and almost nobody gets to do that. We could be entering an age of abundance and people talk about age of abundance like we're going to have all this nice stuff. That's not what it's about.
It's about becoming a civilization to where people get to engage deeply with their family and friends and get to actually experience all of life. Like we forget that most people literally spend their whole life in a cubicle or in a warehouse, right? Like that's Well, we're in a warehouse, you know? Well, by choice,
a really cool warehouse. But no, like like that that is meaningful. Okay. We're going to bridge the entire rest of the world into like this wonderful life hopefully when we get rid of scarcity and we have food and shelter and and things for everyone so that you know what your job can actually be somewhat creative.
Wouldn't that be cool if everybody could have somewhat of and I don't mean like an actual creative job but to actually have do something in your life that you actually enjoy. I enjoy what I do. Most people don't. Like who's to say that we can't create a civilization where most people get to do something enjoyable for their life?
Why not? I think AI is going to help us get there. Do you think that AI will have any strong effects on the housing market or have you not considered that too much? Everything will get uh easier to produce and cheaper to produce in time which will decrease the price of housing. It will decrease the price in housing.
I think the thing that AI will also do like right now, uh, do you ever watch those home shows, you know, like they've been going on HGTV for the last 20 years, the renovation shows? Yeah. Or or like like just you you go in a lot of homes, right? Yeah. Most people's homes are designed like I would have designed them when I was 13 years old, which by the way is still how I would design a home today cuz I don't know any better.
Most people cannot afford to hire designers and all that stuff. Now look what HGTV did it. Now people at least have a visual into like, oh, I'm going to try to replicate that my own. AI is going to help people live in better places, right? Like it's going to help them design their rooms. It's going to help them to dress better.
Most there's so many things that AI will improve. AI is helping people improve the way that they speak and communicate via email. Like I used to sit over an email for 45 minutes to frame one paragraph. Now I just write it like junk and AI makes it look beautiful in two seconds. Like everyone's a great communicator now.
Like I it everyone has the capacity to engage with the world in a professional manner because of AI. Like you can just take that with everything with homes with fashion. Like everyone will have the capability to like actually express themselves their whatever their creativity is in their head. If they have a song in their head they'll be able to make it.
If they have a show that they want to make, they can do it. If they want to like they want to be dressed better, but they don't really know how, uh, AI will help them. Uh, they want to have a beautiful home, that stuff matters, okay? Like they want to have a beautiful home, but they can't hire a designer and they don't know how to do it.
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