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
01:06:29 · John Coogan, Jordi Hays
[01:06:29] S1: Yeah. So how big are those EOs? Like what were people tracking on those? And then I [01:06:38] S0: I What guess the there was was was one of the EOs around making it so that states can't enact AI safety laws for the next ten years? What do do do you have specifics on that? That felt super significant.
01:06:55 · Zak Kukoff
[01:06:55] S5: So there were three AI EOs. I said too early, I was wondering. Three AI EOs and sometimes why. One was on bias free AI, which Okay. Is something I would instead frame as transparency. Right? There was a lot of talk about woke AI and removing things like DEI from AI implementation. The actually specific version of that, the the instantiated version of that, is that model providers that they wanna be used in government procurement have to attest to the values to be transparent about the values that go into their models. That's AIEO number one. Mhmm. AIEO number two is trying to fast track some of the development work we did. So it's fast tracking some of the data center permitting stuff that we did. And the third AIEO that we talked about is the export expansion. It's funny, Jordi. The thing that you're asking about, which we talked about last time, right, this idea of a moratorium on AI regulation for ten years, the big challenge is to actually get that done. That's something that has to be now done actually beyond my understanding, is beyond the scope of just what can be done in an EO. Right? Something that can be started has to actually transcend that as well. And some of the challenge, like you saw today, California is already starting to push back on the idea that the federal government has preemption ability over California's ability to regulate it. And the truth is there are powerful senators like Marsha Blackburn, who we discussed last time, whose job it is to protect their local industries like the music industry in Nashville, Tennessee, right, her home state, who are not gonna be thrilled about what I think is a pretty reasonable but ultimately controversial idea of trying to create a standard set of regulations that aren't 50 patchwork states because the default, and Trump mentioned this in his speech, is that in 50 different states, whoever's the most restrictive is who people end up following.
01:08:31 · John Coogan, Jordi Hays, Zak Kukoff
[01:08:31] S1: Yeah. One because [01:08:33] S0: if you're a product if you're a product company or or a foundation model lab, you wanna be available everywhere. So the default is like Yeah. Basically be be allowed under the most restrictive regulations. [01:08:46] S1: That's right. That's One kind of funny framing I was was was kicking around was the idea of no paper clips. So, this kind of marks a shift away from worrying about AI doom. We're not worried about getting paper clipped. We're not worried about fast takeoff, this crazy doom scenario. So we're pulling back on safety, pulling more, pushing more into geopolitics. Let's actually scale up infrastructure, get these products out into the world because we think that by and large they're safe and now the game is to win on more or less like industrial capacity. Like if we're just producing way more tokens than every other country that will help our GDP, we will grow that way. The flip side of the no paper clips is that there's no move to do a new operation paper clip where we where we pulled scientists from Germany to America to build the bomb. And the and the and the the reference point there is that something like something like 75% of AI researchers on Meta's super intelligence team are, I think, on o ones or they're not [01:09:51] S5: Yes.
01:09:51 · Zak Kukoff, John Coogan
[01:09:51] S5: Yes. [01:09:51] S1: American citizens. And we've seen the deep sea team and Manus and, you know, there's some venture capital firms that are investing in Chinese AI and kind of the bull case is like, okay. Well, get them from China to Singapore and then get them to Silicon Valley and then we have the team on our side. And so it feels like that's the one area that wasn't really discussed. I I know immigration's obviously just a broadly hot topic, but in terms of like brain drain of the ultimate top AI scientists, is there any movement or people thinking about that? Is there any nuance coming up between, okay, maybe that's a different maybe that's a different problem set or different question than like dealing with, like, fentanyl dealers coming across the border. [01:10:32] S5: So I don't know that that was super within scope for the AI action plan. I'll tell you personally, there are definitely people who are thinking about an operation paper clip or how do we get the world's best and brightest, the truly truly elite, right, even above people who might qualify for o ones [01:10:46] S1: Yep.