The Pomp Podcast
00:19:35 · Anthony Pompliano, Polina Pompliano
That's a pretty cool thing, you're ripping out the NGOs and the nonprofits, you're basically saying it's it's basically public figure directly giving to people. The same way you give $20 to a homeless person on the street, he's saying, I'm gonna give a SpaceX share to every child. That's cool. Anthropic is saying something a little bit different. They're saying the public should have a stake in the company. Sounds good. But now they're gonna take some of the shares, and it's unclear exactly how many because they always make promises, and who knows what actually gets put there. But they wanna take it, they basically wanna put it to the public benefit. But they're gonna be in control of it. Well, that sounds a lot like power accumulation to me. [00:20:16] S1: Why? Well If, of course, you're gonna be in control of it, they own the company. [00:20:20] S0: Elon's not. Elon's gonna take a share of SpaceX and give it to the kid. The kid can do whatever they want when they turn 18. He... He's he's not hoarding it and saying, well, maybe I'll give you something, maybe I won't. He's he's just saying, I'm just gonna give you the share. He's done. So what are [00:20:34] S1: they trying to do with the share?
00:20:34 · Polina Pompliano, Anthony Pompliano
[00:20:34] S1: they trying to do with the share? [00:20:36] S0: Unclear, which is why immediately my antenna goes up. Because when I hear people saying, oh, I have... You know, I I just wanna help everybody else, all stuff. Like, yo, you think... Do you think we're dumb? Do you think we're stupid? You're gonna take five to 20% of your company. You're gonna put in this public beneficiary thing, there's gonna be no fuckery going on. Stop it. Who's in charge of it? Why do they get to make the decisions? How are you gonna allocate the capital? How do we know that you're not gonna use that for your personal benefit or for the company's benefit and actually not help people? So if you really wanted Americans to have a stake, then I challenge Anthropic to take the shares and give it direct to the kids. Adults don't need your shares. We all can go buy our shares on the stock mortgage like everybody else. If you really think that you're gonna build this massive company and you wanna help people, take the shares and put it in the Invest America accounts. Because anything else introduces bureaucracy, potential corruption, potential fuckery. And so instead, if you really... If this is genuinely a thing where you are saying, we want to help people, which by the way, maybe I'm wrong, and that's actually how they're thinking about it, then prove it with your actions, not your words. Take the shares, and give it direct to the kids. Because Michael Dell did it. Elon Musk did it. Why isn't Anthropic doing it? [00:21:56] S1: I'm sure there's reasons
00:21:56 · Polina Pompliano, Anthony Pompliano
[00:21:56] S1: I'm sure there's reasons [00:21:58] S0: beyond There might be, but, like, we should ask those questions. [00:22:00] S1: Of course. [00:22:01] S0: An investigative journalist should go figure that out. I'm not a journalist. I don't have that skill set. I don't have the temperament to do that, but that is a great question. Is why at the exact same moment that Elon Musk is taking 10 plus billion dollars, the largest philanthropic gift ever, and he's giving it direct to people with no NGO and no profit in between him and the person. Why is Anthropic not doing the same thing? They're claiming they're doing the same thing, but mechanically, they're not. I got questions. [00:22:30] S1: Great. So you published this tweet with your investing lessons. [00:22:35] S0: Before we get to my investing lessons, can you tell me about Buddy Shah? [00:22:40] S1: So I wrote yesterday an article You didn't think [00:22:43] S0: I was gonna ask you about I [00:22:44] S1: did not think. [00:22:45] S0: Tables have turned. [00:22:46] S1: About this man whose name appears on page 145 of the Anthropic s one filing. His name is Buddy Shah, and he is arguably one of the most powerful people at Anthropic. He is not on payroll. He does not own stock. He is prevented from buying any stock. And his whole purpose is he's the chair of the company's long term benefit trust, and he basically helps oversee a trust that has the power. Why are you smiling at me? [00:23:19] S0: Because I set you all up. I did... I threw the softball up. Go ahead. Tell me about Buddy Shah.
00:23:19 · Anthony Pompliano, Polina Pompliano
[00:23:19] S0: Because I set you all up. I did... I threw the softball up. Go ahead. Tell me about Buddy Shah. [00:23:23] S1: That has the power to appoint and remove any portion of the... Of Anthropic's board. So my question is, why give this man all this power? And my question in the article is... Or my statement, I guess, is what is worse than having an AI decide what it thinks is best for humanity. A man... Another human who thinks he knows what's best for humanity. [00:23:53] S0: Prime example of fuckery. [00:23:55] S1: Well, you know, we don't know. I mean, they're they're trying to stay [00:23:57] S0: It's impossible. [00:23:58] S1: It's impossible. No. It's impossible. And in in in the article, I say, like, even if you have no financial stake in the company, you can still make the wrong decision. You're influenced. You talk to people. Like, it's it's not a guarantee. [00:24:12] S0: The second I hear he doesn't have equity, fuckery going on. The second I hear [00:24:17] S1: The whole point is independence, that he can't be swayed by having a financial incentive. [00:24:22] S0: Independent directors on boards in the public market have equity. They get paid in equity. [00:24:29] S1: They're independent. How independent are they, though? [00:24:31] S0: Because they're supposed to have skin in the game. How can you have the best interest of something if you don't have skin in the game? It's all a mirage. It's all smoke and mirrors. It is all like we are here from Anthropic to save you. [00:24:45] S1: You really don't like Anthropic.
00:24:45 · Polina Pompliano, Anthony Pompliano
[00:24:45] S1: You really don't like Anthropic. [00:24:47] S0: I don't fucking need help. We... Humanity is fine. Y'all don't have No. A moral high ground on what humanity needs. Think about how arrogant you have to be But I think they're to believe. [00:25:01] S1: No. I think they're addressing the, fear that people have around these massive AI companies. [00:25:09] S0: Just because people have fear doesn't give you permission to capitalize on the fear. Guess what? I don't hear Mark Zuckerberg talking about I'm creating a board to tell y'all how AI is gonna save humanity. That's a [00:25:22] S1: bad thing. Maybe he doesn't care. [00:25:24] S0: No. You know why? Because Mark Zuckerberg's a normal fucking person who understands my job as a CEO of Meta is to make money for my shareholders. It is not to meddle in the future of humanity. [00:25:36] S1: Okay. But here's the here's the problem with that. [00:25:38] S0: Elon Musk is not creating any [00:25:39] S1: of this I understand, but that's the problem with this. It's like, okay. So they only care about the short term financial benefits [00:25:48] S0: That's their job. [00:25:49] S1: Where at... Yeah. But at the expense of what is bad, what could be bad for humanity. [00:25:55] S0: Name one company We haven't seen before. No. Name one company that has used a new technology to do something where it led to profits for the company and was a net negative on society, and it did not get corrected by the market. So I can name a lot of companies
00:25:55 · Anthony Pompliano, Polina Pompliano
[00:25:55] S0: Name one company We haven't seen before. No. Name one company that has used a new technology to do something where it led to profits for the company and was a net negative on society, and it did not get corrected by the market. So I can name a lot of companies [00:26:11] S1: who used the new thing. That's different. That's different because it did not get corrected by the market because it was an AI, which could be sentient or have its own whatever robot army. I saw that kung fu robot coming out of China. I was watching that. I was like, oh my god. How am I gonna face off this thing? I gotta go take some self defense lessons. [00:26:29] S0: It goes back to... Let... Let's just use a couple examples from history. [00:26:32] S1: It's okay. [00:26:32] S0: Cigarette company, tobacco companies. [00:26:34] S1: That on my own time. [00:26:35] S0: Yeah. Tobacco companies. Right? I think people generally would look at... They they put profits above the health of people. Right? Well, guess what ended up happening? Eventually... Now everyone would have wished that it happened earlier, but eventually, the market intervened. We had, oh, you cancel cigarettes to certain [00:26:52] S1: age The [00:26:54] S0: market is part... Regulation is part of the market, [00:26:57] S1: of course. Well, but the [00:26:58] S0: The government is a market player. [00:26:59] S1: Okay. So why are you against the government putting regulations on some of these AI companies?