01:00:43 · Zak Kukoff, John Coogan, Jordi Hays
[01:00:43] S5: Yep. That is exactly exactly true. So [01:00:46] S1: I started Hill and Valley a couple years ago just as a dinner, but now there's, like, enough of an organization. I think it is, like, a company at this point that's doing these events, they have a playbook. And they every time they execute, it's better than the last one. So really [01:00:58] S5: My understanding is they have, like, 30 something people who help put these things together. It's a serious it's a real operation that really staffs it up. [01:01:05] S1: Where was it? [01:01:06] S5: It was at the Mellon Auditorium, which funnily enough is, next door or maybe even part of the environmental Protection Agency, the EPA. So it's a nice it was very funny because I would not say it was a particularly environmentally focused group in the audience, but beautiful space nonetheless. Honestly, a highlight of the day for me and probably for everybody there, a very funny, very well done POTUS speech. End of the day keynote, real red meat for us and for tech on a lot of the key questions on AI development. Also, lot of very funny, crowd work, like, really talented crowd work bits on Jensen and on Doug Burgum. I was like, wow. It's gonna be a really talented Netflix special. This all gets packaged up. [01:01:50] S0: And and did he have a did he have did did Trump have a good line on Jason too? Or I couldn't tell if that was fake news or No. Or it was
01:01:50 · Jordi Hays, Zak Kukoff, John Coogan
[01:01:50] S0: And and did he have a did he have did did Trump have a good line on Jason too? Or I couldn't tell if that was fake news or No. Or it was [01:01:58] S5: It was it was real. Trump gets up. First thing he says is, thanks to the All In podcast, Chamath and David, and, yes, even Jason. And there was a huge pause for laughter, and he goes, yes. We're even thanking Jason today. A lot of Jason Calacanis jokes. I will say one interesting dynamic after thing that I don't know if I don't know if it was streamed online or what wasn't. But one interesting dynamic that I don't know if folks saw, the Jason was doing the voice of the liberal in the in the questioning. He was, like, trying to really put a little bit of the heat on some of the, Trump admin guests, and it was an interesting departure from everybody else who was asking questions. [01:02:34] S0: That's good. That's valuable. People will find a way to hate that, but it's good. [01:02:38] S5: Yeah. No. It's good to get the diversity of voices. I will say clearly some people that I don't think necessarily expected it, but, yeah, it was good to get the, the diversity of voices [01:02:45] S1: That's fun. [01:02:46] S5: Out there. [01:02:47] S1: Yeah. Yeah. [01:02:47] S0: Okay. What was the best line though? The best the best line to me was somebody asked Jensen to talk about America's AI advantage and he said, the one thing that no other country has is president Trump. [01:03:02] S5: That's right. That's why Jensen gets to that's why Jensen gets to export age twenties because he's had good lines like that.
01:03:02 · Zak Kukoff, Hulk Hogan
[01:03:02] S5: That's right. That's why Jensen gets to that's why Jensen gets to export age twenties because he's had good lines like that. [01:03:09] S4: You
01:03:09 · Hulk Hogan, Zak Kukoff, Jordi Hays
[01:03:09] S4: You [01:03:09] S5: know? It's wild. Amazing. It was a well done speech. Honestly, was well done event. I would say highlights for me from, like, a serious way, the big one for me was fair use training of the copyright material for AIs. This is the one we've been asking about for a while, and a lot of companies have been talking about it. In fact, there was a recent entropic court case that ruled on this, said, look. If it's trained on legally procured, legally purchased copyright material, that's fair use. That's in scope. If it's stuff that you're pirating, which allegedly Anthropic and Meta and others have done to build their corpus corpus of data, that's when you get into legal trouble. This was the first time that I've heard the admin come out and codify that, which is really nice. So I love that. I love the energy permitting stuff. There was a lot of stuff for all the abundance boys on permitting, a lot of permitting reform questions, accelerating data center build outs, a lot of trying to streamline getting new sources of energy online. And then, yes, there were some talk about how do you try to tighten even while we're still letting folks like China by age twenties. Some talk about things like location tracking for export controls too. So there was a lot to like in the speech. I actually thought it was a very, very well done speech, and it was funny because there was actually a live I know it is who's who's your partner? Is it Kalshi or Polymarket? [01:04:25] S0: Polymarket. Okay.
01:04:25 · Jordi Hays, Zak Kukoff, John Coogan
[01:04:25] S0: Polymarket. Okay. [01:04:26] S5: So there was probably a Polymarket. I saw it on Kalshi. There's probably a Polymarket market going at the same time [01:04:31] S1: Yeah. [01:04:32] S5: Where people were betting on things like, will Trump say David Saks name [01:04:36] S0: Oh, shit. In this speech. [01:04:37] S1: Yeah. [01:04:38] S5: Yeah. Yeah. Before it gets resolved. So I thought it was really, really well done. Vance spoke super well. Burgum and Chris Wright had a very funny panel, the two of them together where Chris Wright and Jason got into it mono a mono a little bit, which was interesting to hear too. But great and really good energy in the space. A lot of good companies. Hadrian did a very good, almost like a sermon on the enthusiasm of reindustrialization. I love Chris from Hadrian did that. [01:05:02] S1: Yeah. He's been on the he's been on the roadshow with that because, he's he's probably giving something some similar version of that at Reindustrialized. Yes. Worked worked out the bit. Took the tight five to DC. We love to see it. [01:05:13] S5: It was a tight five. It was great. [01:05:15] S1: That's great. What, I I how should I think about this AI plan, this documented website that's been floating around? Yeah. Is this is this more of like like laws aren't changing, but this is just these are this is the plan for the laws that we will eventually change. Is that the idea?
01:05:15 · John Coogan, Zak Kukoff
[01:05:15] S1: That's great. What, I I how should I think about this AI plan, this documented website that's been floating around? Yeah. Is this is this more of like like laws aren't changing, but this is just these are this is the plan for the laws that we will eventually change. Is that the idea? [01:05:34] S5: So think about it in two ways. One way is this is the White House using its bully pulpit to call for a series of changes that, yes, would need congress to enact them or would need agencies to change their policy. Right now, agencies changing their policy is something the White House can do. Yeah. The other side is, look, there are two EOs that were signed live on stage yesterday that Trump's did a very theatrical signing off, which is beautiful. Nice. And those are things that the admin can do directly. So there's some things for example, some of the energy permitting stuff, it's you know, there's certain things like doing categorical exclusions from NEPA that are a little bit more within the realm of, things that can be done. My understanding is via EO. But there are also things, as you guys know, a lot of permitting is done at the state and local level. Right? So the White House can't necessarily say we're going to overrule what state and local government does on permitting as a fiat. They have to work with partners all up and down the stack of government to get what the AI action plan calls for actually implemented. [01:06:29] S1: Yeah. So how big are those EOs? Like what were people tracking on those? And then I