WEBVTT Kind: captions Language: en align:start position:0% hey<00:00:00.440> guys<00:00:01.120> please<00:00:01.400> find<00:00:01.599> your<00:00:01.760> seats<00:00:02.080> we're align:start position:0% hey guys please find your seats we're align:start position:0% hey guys please find your seats we're going<00:00:02.320> to<00:00:02.440> get<00:00:02.919> started<00:00:03.919> it's<00:00:04.160> great<00:00:04.319> to<00:00:04.480> see align:start position:0% going to get started it's great to see align:start position:0% going to get started it's great to see you<00:00:04.880> all<00:00:05.799> we<00:00:05.920> have<00:00:06.040> a<00:00:06.200> very<00:00:06.480> exciting<00:00:07.040> topic align:start position:0% you all we have a very exciting topic align:start position:0% you all we have a very exciting topic today<00:00:07.680> with<00:00:07.839> some<00:00:08.120> very<00:00:08.320> exciting<00:00:08.760> speakers align:start position:0% today with some very exciting speakers align:start position:0% today with some very exciting speakers I'm<00:00:09.880> so<00:00:10.120> excited<00:00:10.480> to<00:00:10.599> be<00:00:10.759> here<00:00:10.920> with<00:00:11.120> you<00:00:11.400> to align:start position:0% I'm so excited to be here with you to align:start position:0% I'm so excited to be here with you to talk<00:00:11.799> about<00:00:12.360> AI<00:00:13.000> competition<00:00:13.599> and<00:00:13.960> startups align:start position:0% talk about AI competition and startups align:start position:0% talk about AI competition and startups uh<00:00:15.080> before<00:00:15.320> I<00:00:15.480> recognize<00:00:16.000> our<00:00:16.240> spe<00:00:16.600> speakers align:start position:0% uh before I recognize our spe speakers align:start position:0% uh before I recognize our spe speakers and<00:00:17.279> special<00:00:17.680> guests<00:00:18.320> from<00:00:18.600> Washington<00:00:19.600> I align:start position:0% and special guests from Washington I align:start position:0% and special guests from Washington I want<00:00:19.760> to<00:00:19.920> tell<00:00:20.080> you<00:00:20.240> a<00:00:20.320> little<00:00:20.560> bit<00:00:20.960> about<00:00:21.400> why align:start position:0% want to tell you a little bit about why align:start position:0% want to tell you a little bit about why we're<00:00:21.840> here<00:00:22.279> and<00:00:22.480> YC's<00:00:23.080> public<00:00:23.480> policy align:start position:0% we're here and YC's public policy align:start position:0% we're here and YC's public policy program<00:00:24.720> last<00:00:25.000> October<00:00:25.840> we<00:00:26.000> hired<00:00:26.279> Luther<00:00:26.599> low align:start position:0% program last October we hired Luther low align:start position:0% program last October we hired Luther low to<00:00:27.000> be<00:00:27.199> yy's<00:00:27.760> first<00:00:28.160> head<00:00:28.359> of<00:00:28.560> public<00:00:28.920> policy align:start position:0% to be yy's first head of public policy align:start position:0% to be yy's first head of public policy where<00:00:29.439> is<00:00:29.599> he align:start position:0% where is he align:start position:0% where is he all<00:00:31.160> right<00:00:32.160> you'll<00:00:33.000> you'll<00:00:33.239> hear<00:00:33.440> more<00:00:33.640> from align:start position:0% all right you'll you'll hear more from align:start position:0% all right you'll you'll hear more from him<00:00:34.079> later<00:00:34.760> why<00:00:34.960> does<00:00:35.399> YC<00:00:36.399> have<00:00:36.600> to<00:00:37.079> have<00:00:38.079> like align:start position:0% him later why does YC have to have like align:start position:0% him later why does YC have to have like why<00:00:38.440> should<00:00:38.760> YC<00:00:39.280> have<00:00:39.480> a<00:00:39.640> DC<00:00:40.079> presence<00:00:40.800> it's align:start position:0% why should YC have a DC presence it's align:start position:0% why should YC have a DC presence it's pretty<00:00:41.440> simple<00:00:42.160> for<00:00:42.320> the<00:00:42.480> longest<00:00:42.920> time<00:00:43.760> only align:start position:0% pretty simple for the longest time only align:start position:0% pretty simple for the longest time only the<00:00:44.320> largest<00:00:45.120> players<00:00:45.760> in<00:00:46.000> the<00:00:46.160> tech align:start position:0% the largest players in the tech align:start position:0% the largest players in the tech ecosystem<00:00:47.640> have<00:00:47.960> had<00:00:48.520> a<00:00:48.719> seat<00:00:49.320> at<00:00:49.440> the align:start position:0% ecosystem have had a seat at the align:start position:0% ecosystem have had a seat at the table<00:00:51.280> but<00:00:51.440> to<00:00:51.680> paraphrase<00:00:52.559> paricles<00:00:53.559> you<00:00:53.960> may align:start position:0% table but to paraphrase paricles you may align:start position:0% table but to paraphrase paricles you may not<00:00:54.440> be<00:00:54.680> paying<00:00:55.000> attention<00:00:55.359> to<00:00:55.920> politics<00:00:56.920> but align:start position:0% not be paying attention to politics but align:start position:0% not be paying attention to politics but politics<00:00:57.760> is<00:00:58.000> paying<00:00:58.320> attention<00:00:58.800> to<00:00:59.079> you<00:01:00.199> YC align:start position:0% politics is paying attention to you YC align:start position:0% politics is paying attention to you YC wants<00:01:01.160> to<00:01:01.320> fight<00:01:01.519> for<00:01:01.760> little<00:01:02.120> Tech<00:01:02.320> in align:start position:0% wants to fight for little Tech in align:start position:0% wants to fight for little Tech in Washington<00:01:03.519> and<00:01:03.680> make<00:01:03.879> sure<00:01:04.320> all<00:01:04.519> of<00:01:04.799> you<00:01:05.519> have align:start position:0% Washington and make sure all of you have align:start position:0% Washington and make sure all of you have a<00:01:05.840> seat<00:01:06.360> at<00:01:06.520> the<00:01:06.799> table<00:01:07.799> one<00:01:07.960> of<00:01:08.080> the<00:01:08.200> most align:start position:0% a seat at the table one of the most align:start position:0% a seat at the table one of the most interesting<00:01:08.880> spaces<00:01:09.400> where<00:01:09.840> we<00:01:10.080> we're<00:01:10.200> seeing align:start position:0% interesting spaces where we we're seeing align:start position:0% interesting spaces where we we're seeing a<00:01:10.600> lot<00:01:10.759> of<00:01:10.960> fierce<00:01:11.479> competition<00:01:12.479> is<00:01:12.600> at<00:01:12.759> the align:start position:0% a lot of fierce competition is at the align:start position:0% a lot of fierce competition is at the model<00:01:13.439> layer<00:01:13.960> of<00:01:14.200> AI<00:01:15.119> today<00:01:15.479> we're<00:01:15.680> going<00:01:15.840> to align:start position:0% model layer of AI today we're going to align:start position:0% model layer of AI today we're going to be<00:01:16.119> speaking<00:01:16.479> with<00:01:16.680> the<00:01:16.840> top<00:01:17.200> Anti-Trust align:start position:0% be speaking with the top Anti-Trust align:start position:0% be speaking with the top Anti-Trust enforcers<00:01:18.560> whose<00:01:18.920> job<00:01:19.200> it<00:01:19.360> is<00:01:19.920> to<00:01:20.200> keep<00:01:20.479> the align:start position:0% enforcers whose job it is to keep the align:start position:0% enforcers whose job it is to keep the markets<00:01:21.159> free<00:01:22.000> and<00:01:22.240> fair<00:01:22.840> joining<00:01:23.200> us<00:01:23.400> from align:start position:0% markets free and fair joining us from align:start position:0% markets free and fair joining us from Washington<00:01:24.360> our<00:01:24.560> FTC<00:01:25.159> chair<00:01:25.680> Lena<00:01:26.079> Khan<00:01:26.479> and align:start position:0% Washington our FTC chair Lena Khan and align:start position:0% Washington our FTC chair Lena Khan and doj<00:01:27.840> antitrust<00:01:28.840> head<00:01:29.320> Jonathan<00:01:30.040> caner<00:01:31.040> these align:start position:0% doj antitrust head Jonathan caner these align:start position:0% doj antitrust head Jonathan caner these two<00:01:31.600> are<00:01:31.920> probably<00:01:32.439> best<00:01:32.680> known<00:01:33.000> as<00:01:33.200> Joe align:start position:0% two are probably best known as Joe align:start position:0% two are probably best known as Joe Biden's<00:01:34.560> trustbusters<00:01:35.560> and<00:01:35.720> Lead<00:01:36.240> antitrust align:start position:0% Biden's trustbusters and Lead antitrust align:start position:0% Biden's trustbusters and Lead antitrust enforcement<00:01:37.880> for<00:01:38.040> the<00:01:38.200> FTC<00:01:38.920> and<00:01:39.479> doj<00:01:40.479> combined align:start position:0% enforcement for the FTC and doj combined align:start position:0% enforcement for the FTC and doj combined they<00:01:41.479> oversee<00:01:42.079> literally<00:01:42.680> thousands<00:01:43.159> of align:start position:0% they oversee literally thousands of align:start position:0% they oversee literally thousands of attorneys<00:01:44.000> and<00:01:44.159> nearly<00:01:44.600> a<00:01:44.840> billion<00:01:45.479> dollars align:start position:0% attorneys and nearly a billion dollars align:start position:0% attorneys and nearly a billion dollars per<00:01:46.119> year<00:01:46.320> of<00:01:46.520> budget<00:01:47.320> and<00:01:47.520> of<00:01:47.719> course<00:01:48.280> we<00:01:48.399> will align:start position:0% per year of budget and of course we will align:start position:0% per year of budget and of course we will end<00:01:48.840> things<00:01:49.040> with<00:01:49.159> a<00:01:49.280> fireside<00:01:49.880> chat<00:01:50.280> with<00:01:50.439> our align:start position:0% end things with a fireside chat with our align:start position:0% end things with a fireside chat with our very<00:01:50.920> own<00:01:51.200> state<00:01:51.479> senator<00:01:52.200> Scott<00:01:52.640> weiner<00:01:53.640> we align:start position:0% very own state senator Scott weiner we align:start position:0% very own state senator Scott weiner we also<00:01:54.280> have<00:01:54.520> some<00:01:54.719> important<00:01:55.119> Partners<00:01:55.520> I<00:01:55.640> want align:start position:0% also have some important Partners I want align:start position:0% also have some important Partners I want to<00:01:56.039> recognize<00:01:56.520> for<00:01:56.719> this<00:01:57.039> event<00:01:57.439> including align:start position:0% to recognize for this event including align:start position:0% to recognize for this event including the<00:01:58.000> Omar<00:01:58.719> Network<00:01:59.280> electronic<00:01:59.960> Freedom align:start position:0% the Omar Network electronic Freedom align:start position:0% the Omar Network electronic Freedom foundation<00:02:01.039> and<00:02:01.280> Mozilla<00:02:02.280> who<00:02:02.399> will<00:02:02.560> be<00:02:02.680> on<00:02:02.799> a align:start position:0% foundation and Mozilla who will be on a align:start position:0% foundation and Mozilla who will be on a panel<00:02:03.880> later<00:02:04.520> and<00:02:04.719> finally<00:02:05.079> it<00:02:05.159> wouldn't<00:02:05.439> be<00:02:05.560> a align:start position:0% panel later and finally it wouldn't be a align:start position:0% panel later and finally it wouldn't be a YC<00:02:06.240> event<00:02:06.520> if<00:02:06.640> we<00:02:06.759> weren't<00:02:07.159> ultimately align:start position:0% YC event if we weren't ultimately align:start position:0% YC event if we weren't ultimately bringing<00:02:07.920> it<00:02:08.119> back<00:02:08.319> to<00:02:08.520> our<00:02:08.679> Founders<00:02:09.360> so<00:02:09.800> in align:start position:0% bringing it back to our Founders so in align:start position:0% bringing it back to our Founders so in between<00:02:11.000> uh<00:02:11.599> the<00:02:11.800> these<00:02:12.000> presentations<00:02:12.599> we'll align:start position:0% between uh the these presentations we'll align:start position:0% between uh the these presentations we'll actually<00:02:13.080> have<00:02:13.319> amazing<00:02:13.760> demos<00:02:14.760> uh align:start position:0% actually have amazing demos uh align:start position:0% actually have amazing demos uh exhibiting<00:02:15.360> some<00:02:15.480> of<00:02:15.599> the<00:02:15.680> incredible<00:02:16.200> stuff align:start position:0% exhibiting some of the incredible stuff align:start position:0% exhibiting some of the incredible stuff that<00:02:16.920> you<00:02:17.160> all<00:02:17.440> are<00:02:17.640> building<00:02:18.440> as<00:02:18.560> we<00:02:18.800> stand<00:02:19.480> at align:start position:0% that you all are building as we stand at align:start position:0% that you all are building as we stand at the<00:02:19.720> Forefront<00:02:20.280> of<00:02:20.400> the<00:02:20.560> AI<00:02:21.080> Revolution align:start position:0% the Forefront of the AI Revolution align:start position:0% the Forefront of the AI Revolution understanding<00:02:22.400> the<00:02:22.640> regulatory<00:02:23.319> landscape align:start position:0% understanding the regulatory landscape align:start position:0% understanding the regulatory landscape is<00:02:24.280> crucial<00:02:25.040> for<00:02:25.440> every<00:02:25.840> founder<00:02:26.519> in<00:02:26.720> this align:start position:0% is crucial for every founder in this align:start position:0% is crucial for every founder in this room<00:02:27.680> and<00:02:27.840> that's<00:02:28.160> why<00:02:28.800> I'm<00:02:29.040> thrilled<00:02:30.160> to align:start position:0% room and that's why I'm thrilled to align:start position:0% room and that's why I'm thrilled to introduce<00:02:30.879> our<00:02:31.120> next<00:02:31.400> speaker<00:02:32.080> Jonathan align:start position:0% introduce our next speaker Jonathan align:start position:0% introduce our next speaker Jonathan caner<00:02:33.920> and<00:02:34.319> as<00:02:34.720> Assistant<00:02:35.599> Attorney<00:02:36.040> General align:start position:0% caner and as Assistant Attorney General align:start position:0% caner and as Assistant Attorney General for<00:02:36.519> the<00:02:36.720> antitrust<00:02:37.480> division<00:02:38.120> at<00:02:38.239> the<00:02:38.360> US align:start position:0% for the antitrust division at the US align:start position:0% for the antitrust division at the US Department<00:02:39.080> of<00:02:39.239> Justice<00:02:39.720> is<00:02:39.879> at<00:02:40.040> the<00:02:40.200> center align:start position:0% Department of Justice is at the center align:start position:0% Department of Justice is at the center of<00:02:41.120> shaping<00:02:41.760> how<00:02:42.040> AI<00:02:42.400> will<00:02:42.560> be<00:02:42.840> regulated<00:02:43.840> and align:start position:0% of shaping how AI will be regulated and align:start position:0% of shaping how AI will be regulated and how<00:02:44.360> competition<00:02:45.200> in<00:02:45.360> this<00:02:45.599> space<00:02:46.200> will align:start position:0% how competition in this space will align:start position:0% how competition in this space will unfold<00:02:47.480> he's<00:02:47.760> currently<00:02:48.599> overseeing<00:02:49.599> major align:start position:0% unfold he's currently overseeing major align:start position:0% unfold he's currently overseeing major antitrust<00:02:51.000> cases<00:02:51.480> that<00:02:51.720> could<00:02:52.120> significantly align:start position:0% antitrust cases that could significantly align:start position:0% antitrust cases that could significantly impact<00:02:53.519> the<00:02:53.680> AI<00:02:54.080> ecosystem<00:02:55.080> his<00:02:55.280> insights<00:02:55.920> on align:start position:0% impact the AI ecosystem his insights on align:start position:0% impact the AI ecosystem his insights on antitrust<00:02:56.959> concerns<00:02:57.400> in<00:02:57.640> AI<00:02:58.319> data<00:02:58.640> monopolies align:start position:0% antitrust concerns in AI data monopolies align:start position:0% antitrust concerns in AI data monopolies and<00:02:59.560> F<00:02:59.840> fostering<00:03:00.200> Fair<00:03:00.599> competition<00:03:01.519> in<00:03:01.680> this align:start position:0% and F fostering Fair competition in this align:start position:0% and F fostering Fair competition in this rapidly<00:03:02.400> evolving<00:03:02.879> field<00:03:03.440> will<00:03:03.640> be align:start position:0% rapidly evolving field will be align:start position:0% rapidly evolving field will be invaluable<00:03:04.599> as<00:03:04.720> you<00:03:04.879> build<00:03:05.080> and<00:03:05.239> scale<00:03:05.560> your align:start position:0% invaluable as you build and scale your align:start position:0% invaluable as you build and scale your AI<00:03:06.040> startups<00:03:06.599> so<00:03:06.840> without<00:03:07.200> further<00:03:07.519> Ado align:start position:0% AI startups so without further Ado align:start position:0% AI startups so without further Ado please<00:03:08.680> join<00:03:08.959> me<00:03:09.440> in<00:03:09.599> welcoming<00:03:10.519> Jonathan align:start position:0% please join me in welcoming Jonathan align:start position:0% please join me in welcoming Jonathan caner<00:03:11.560> to<00:03:11.799> discuss<00:03:12.200> the<00:03:12.319> future<00:03:12.680> of<00:03:12.879> AI align:start position:0% caner to discuss the future of AI align:start position:0% caner to discuss the future of AI regulation<00:03:14.000> and align:start position:0% competition<00:03:18.640> thank<00:03:18.799> you<00:03:19.000> Gary<00:03:19.720> and<00:03:20.120> thank<00:03:20.280> you align:start position:0% competition thank you Gary and thank you align:start position:0% competition thank you Gary and thank you to<00:03:20.599> YC<00:03:21.200> and<00:03:21.680> and<00:03:22.000> M<00:03:22.319> arzil<00:03:23.000> our<00:03:23.200> hosts<00:03:23.440> for align:start position:0% to YC and and M arzil our hosts for align:start position:0% to YC and and M arzil our hosts for today<00:03:24.599> um<00:03:24.720> I'm<00:03:24.840> thrilled<00:03:25.200> to<00:03:25.319> be<00:03:25.519> here<00:03:25.959> and<00:03:26.159> so align:start position:0% today um I'm thrilled to be here and so align:start position:0% today um I'm thrilled to be here and so um<00:03:27.959> I<00:03:28.080> have<00:03:28.239> some<00:03:28.439> prepared<00:03:28.840> remarks<00:03:29.319> and<00:03:29.799> I'll align:start position:0% um I have some prepared remarks and I'll align:start position:0% um I have some prepared remarks and I'll deliver<00:03:30.400> them<00:03:30.680> but<00:03:31.000> I<00:03:31.159> I<00:03:31.239> think<00:03:31.360> it's align:start position:0% deliver them but I I think it's align:start position:0% deliver them but I I think it's important<00:03:31.840> for<00:03:31.959> me<00:03:32.080> to<00:03:32.239> kind<00:03:32.360> of<00:03:33.080> start<00:03:33.840> really align:start position:0% important for me to kind of start really align:start position:0% important for me to kind of start really from<00:03:34.400> the<00:03:34.599> heart<00:03:35.280> which<00:03:35.480> is<00:03:35.920> I'm<00:03:36.040> an<00:03:36.200> antitrust align:start position:0% from the heart which is I'm an antitrust align:start position:0% from the heart which is I'm an antitrust enforcer<00:03:38.599> um<00:03:38.879> and<00:03:39.000> so<00:03:39.200> what<00:03:39.280> does<00:03:39.519> that<00:03:39.680> mean align:start position:0% enforcer um and so what does that mean align:start position:0% enforcer um and so what does that mean what<00:03:40.080> does<00:03:40.200> that<00:03:40.360> mean<00:03:40.640> about<00:03:41.120> the<00:03:41.239> work<00:03:41.480> that align:start position:0% what does that mean about the work that align:start position:0% what does that mean about the work that you<00:03:42.000> do<00:03:43.000> um<00:03:43.640> I<00:03:43.720> want<00:03:43.840> to<00:03:43.920> be<00:03:44.080> very<00:03:44.319> clear<00:03:44.680> about align:start position:0% you do um I want to be very clear about align:start position:0% you do um I want to be very clear about this<00:03:45.840> our<00:03:46.120> goal<00:03:46.560> is<00:03:46.680> to<00:03:46.920> make<00:03:47.080> sure<00:03:47.439> that<00:03:47.640> you align:start position:0% this our goal is to make sure that you align:start position:0% this our goal is to make sure that you can<00:03:48.319> build<00:03:48.879> businesses<00:03:49.879> that<00:03:50.200> succeed<00:03:51.200> that align:start position:0% can build businesses that succeed that align:start position:0% can build businesses that succeed that Thrive<00:03:52.560> and<00:03:52.720> that<00:03:53.040> take<00:03:53.319> on<00:03:54.159> new<00:03:54.519> ideas<00:03:55.519> new align:start position:0% Thrive and that take on new ideas new align:start position:0% Thrive and that take on new ideas new problems<00:03:56.640> and<00:03:56.840> solve<00:03:57.239> them<00:03:57.959> right<00:03:58.159> anti<00:03:58.560> trust align:start position:0% problems and solve them right anti trust align:start position:0% problems and solve them right anti trust enforcement<00:03:59.959> is<00:04:00.200> about<00:04:00.599> making<00:04:01.040> sure<00:04:01.480> that align:start position:0% enforcement is about making sure that align:start position:0% enforcement is about making sure that there<00:04:01.879> is<00:04:02.680> opportunity<00:04:03.680> for<00:04:03.959> people<00:04:04.200> to<00:04:04.599> have align:start position:0% there is opportunity for people to have align:start position:0% there is opportunity for people to have great<00:04:05.079> ideas<00:04:05.879> to<00:04:06.040> build<00:04:06.319> funding<00:04:06.680> around align:start position:0% great ideas to build funding around align:start position:0% great ideas to build funding around those<00:04:07.239> ideas<00:04:07.959> and<00:04:08.120> to<00:04:08.360> succeed<00:04:09.360> that's<00:04:09.560> our align:start position:0% those ideas and to succeed that's our align:start position:0% those ideas and to succeed that's our goal<00:04:10.439> our<00:04:10.760> goal<00:04:11.040> is<00:04:11.200> to<00:04:11.400> make<00:04:11.560> sure<00:04:11.799> that<00:04:11.959> the align:start position:0% goal our goal is to make sure that the align:start position:0% goal our goal is to make sure that the markets<00:04:12.840> in<00:04:13.000> the<00:04:13.319> marketplace<00:04:14.319> has<00:04:14.599> room<00:04:15.439> for align:start position:0% markets in the marketplace has room for align:start position:0% markets in the marketplace has room for all<00:04:16.079> the<00:04:16.280> people<00:04:16.519> who<00:04:16.639> are<00:04:16.799> building align:start position:0% all the people who are building align:start position:0% all the people who are building businesses<00:04:18.320> for<00:04:18.519> all<00:04:18.720> the<00:04:18.919> people<00:04:19.160> who<00:04:19.320> are align:start position:0% businesses for all the people who are align:start position:0% businesses for all the people who are starting<00:04:19.840> up<00:04:20.079> companies<00:04:20.880> for<00:04:21.079> all<00:04:21.280> the<00:04:21.440> people align:start position:0% starting up companies for all the people align:start position:0% starting up companies for all the people who<00:04:21.880> are<00:04:22.160> daring<00:04:22.560> to<00:04:22.800> take<00:04:23.000> on<00:04:23.600> incumbents<00:04:24.600> and align:start position:0% who are daring to take on incumbents and align:start position:0% who are daring to take on incumbents and and<00:04:25.360> build<00:04:25.680> new<00:04:25.960> products<00:04:26.240> and<00:04:26.440> services<00:04:26.840> that align:start position:0% and build new products and services that align:start position:0% and build new products and services that are<00:04:27.120> disruptive<00:04:28.080> that's<00:04:28.360> successful<00:04:29.280> and<00:04:29.440> in align:start position:0% are disruptive that's successful and in align:start position:0% are disruptive that's successful and in a<00:04:29.840> nutshell<00:04:30.840> that's<00:04:31.039> what<00:04:31.160> we're<00:04:31.360> doing<00:04:31.639> and align:start position:0% a nutshell that's what we're doing and align:start position:0% a nutshell that's what we're doing and that's<00:04:32.000> why<00:04:32.120> we're<00:04:32.360> here<00:04:32.759> it's<00:04:32.919> no<00:04:33.160> secret align:start position:0% that's why we're here it's no secret align:start position:0% that's why we're here it's no secret that<00:04:33.759> AI<00:04:34.479> is<00:04:35.120> creating<00:04:35.520> a<00:04:35.720> transformative align:start position:0% that AI is creating a transformative align:start position:0% that AI is creating a transformative moment<00:04:37.520> it's<00:04:37.880> wonderful<00:04:38.880> uh<00:04:39.080> technological align:start position:0% moment it's wonderful uh technological align:start position:0% moment it's wonderful uh technological revolutions<00:04:41.080> are<00:04:41.600> inflection<00:04:42.240> points<00:04:42.720> that align:start position:0% revolutions are inflection points that align:start position:0% revolutions are inflection points that lead<00:04:43.240> to<00:04:44.160> Major<00:04:44.680> change<00:04:45.479> and<00:04:45.720> major align:start position:0% lead to Major change and major align:start position:0% lead to Major change and major opportunity<00:04:47.360> it<00:04:47.479> is<00:04:47.639> an<00:04:48.160> invitation<00:04:48.919> for<00:04:49.680> for align:start position:0% opportunity it is an invitation for for align:start position:0% opportunity it is an invitation for for new<00:04:50.440> technology<00:04:50.919> and<00:04:51.039> two<00:04:51.560> technological align:start position:0% new technology and two technological align:start position:0% new technology and two technological innovations<00:04:52.720> and<00:04:52.960> platforms<00:04:53.440> are<00:04:53.880> invitation align:start position:0% innovations and platforms are invitation align:start position:0% innovations and platforms are invitation for<00:04:55.120> people<00:04:55.400> to<00:04:55.680> invest<00:04:56.120> to<00:04:56.360> build<00:04:57.320> um<00:04:57.440> to align:start position:0% for people to invest to build um to align:start position:0% for people to invest to build um to create<00:04:58.600> that<00:04:58.720> is<00:04:59.039> wonderful<00:05:00.000> it<00:05:00.160> is<00:05:00.360> a<00:05:00.880> um align:start position:0% create that is wonderful it is a um align:start position:0% create that is wonderful it is a um exciting<00:05:02.320> time<00:05:03.000> and<00:05:03.240> AI<00:05:03.880> is<00:05:04.080> one<00:05:04.240> of<00:05:04.440> those align:start position:0% exciting time and AI is one of those align:start position:0% exciting time and AI is one of those really<00:05:05.080> important<00:05:05.800> Transformations<00:05:06.800> but align:start position:0% really important Transformations but align:start position:0% really important Transformations but it's<00:05:07.080> important<00:05:07.440> to<00:05:07.560> make<00:05:07.759> sure<00:05:07.960> we<00:05:08.080> get<00:05:08.240> it align:start position:0% it's important to make sure we get it align:start position:0% it's important to make sure we get it right<00:05:09.120> and<00:05:09.280> it's<00:05:09.440> important<00:05:09.759> to<00:05:09.960> make<00:05:10.120> sure align:start position:0% right and it's important to make sure align:start position:0% right and it's important to make sure that<00:05:11.160> uh<00:05:11.320> these<00:05:11.520> Technologies<00:05:12.000> are<00:05:12.160> not<00:05:12.759> only align:start position:0% that uh these Technologies are not only align:start position:0% that uh these Technologies are not only safe<00:05:13.320> and<00:05:13.600> sound<00:05:14.520> but<00:05:14.680> that<00:05:14.840> there<00:05:15.000> is<00:05:15.240> enough align:start position:0% safe and sound but that there is enough align:start position:0% safe and sound but that there is enough opportunity<00:05:17.240> uh<00:05:17.479> so<00:05:17.800> that<00:05:18.360> businesses<00:05:18.840> of<00:05:19.039> all align:start position:0% opportunity uh so that businesses of all align:start position:0% opportunity uh so that businesses of all sizes<00:05:19.919> in<00:05:20.120> all<00:05:20.360> places<00:05:21.039> throughout<00:05:21.400> the align:start position:0% sizes in all places throughout the align:start position:0% sizes in all places throughout the country<00:05:22.560> have<00:05:22.880> a<00:05:23.039> fair<00:05:23.560> opportunity<00:05:24.120> to align:start position:0% country have a fair opportunity to align:start position:0% country have a fair opportunity to compete<00:05:24.800> on<00:05:24.960> the<00:05:25.080> merits<00:05:25.400> of<00:05:25.560> their align:start position:0% compete on the merits of their align:start position:0% compete on the merits of their Innovations<00:05:27.039> and<00:05:27.160> on<00:05:27.360> their<00:05:27.880> um<00:05:28.479> skill<00:05:29.479> um<00:05:29.960> and align:start position:0% Innovations and on their um skill um and align:start position:0% Innovations and on their um skill um and so<00:05:31.199> um<00:05:31.880> it<00:05:32.039> got<00:05:32.199> me align:start position:0% so um it got me align:start position:0% so um it got me thinking<00:05:34.720> um<00:05:35.560> about<00:05:36.240> regulation<00:05:36.960> versus align:start position:0% thinking um about regulation versus align:start position:0% thinking um about regulation versus enforcement<00:05:38.039> and<00:05:38.160> I<00:05:38.240> wanted<00:05:38.479> to<00:05:38.800> clarify<00:05:39.319> that align:start position:0% enforcement and I wanted to clarify that align:start position:0% enforcement and I wanted to clarify that so<00:05:40.360> I'm<00:05:40.520> a<00:05:40.840> law<00:05:41.240> enforcer<00:05:42.120> I'm<00:05:42.280> not<00:05:42.440> a align:start position:0% so I'm a law enforcer I'm not a align:start position:0% so I'm a law enforcer I'm not a regulator<00:05:43.720> my<00:05:43.919> job<00:05:44.120> isn't<00:05:44.360> to<00:05:44.520> regulate<00:05:44.919> a align:start position:0% regulator my job isn't to regulate a align:start position:0% regulator my job isn't to regulate a market<00:05:45.960> it's<00:05:46.080> to<00:05:46.319> enforce<00:05:46.720> the<00:05:46.919> law<00:05:47.639> um<00:05:47.880> only align:start position:0% market it's to enforce the law um only align:start position:0% market it's to enforce the law um only when<00:05:48.440> companies<00:05:49.000> violate<00:05:49.400> it<00:05:49.960> to<00:05:50.160> make<00:05:50.280> sure align:start position:0% when companies violate it to make sure align:start position:0% when companies violate it to make sure that<00:05:50.840> competition<00:05:51.360> can<00:05:51.520> Thrive<00:05:52.160> I<00:05:52.240> went<00:05:52.560> back align:start position:0% that competition can Thrive I went back align:start position:0% that competition can Thrive I went back and<00:05:53.319> was<00:05:53.479> thinking<00:05:53.919> about<00:05:54.720> uh<00:05:54.880> justice<00:05:55.240> Lewis align:start position:0% and was thinking about uh justice Lewis align:start position:0% and was thinking about uh justice Lewis brandise<00:05:56.160> someone<00:05:56.840> that<00:05:57.360> is<00:05:57.880> near<00:05:58.039> and<00:05:58.160> dear align:start position:0% brandise someone that is near and dear align:start position:0% brandise someone that is near and dear to<00:05:58.479> my<00:05:58.680> heart<00:05:59.160> there<00:05:59.280> is<00:05:59.759> something<00:06:00.080> he<00:06:00.199> said align:start position:0% to my heart there is something he said align:start position:0% to my heart there is something he said in<00:06:00.600> 1912<00:06:01.280> that<00:06:01.400> I<00:06:01.520> think<00:06:01.720> is<00:06:02.639> very<00:06:02.919> important align:start position:0% in 1912 that I think is very important align:start position:0% in 1912 that I think is very important for align:start position:0% for align:start position:0% for today<00:06:05.240> um<00:06:05.440> in<00:06:05.560> an<00:06:05.759> address<00:06:06.080> he<00:06:06.240> said<00:06:06.800> he<00:06:06.960> asked align:start position:0% today um in an address he said he asked align:start position:0% today um in an address he said he asked a<00:06:07.360> question<00:06:07.960> same<00:06:08.240> question<00:06:08.520> I<00:06:08.639> think<00:06:08.800> that<00:06:08.919> I align:start position:0% a question same question I think that I align:start position:0% a question same question I think that I want<00:06:09.120> to<00:06:09.280> present<00:06:09.560> to<00:06:09.680> you<00:06:09.880> all<00:06:10.120> to<00:06:10.280> think align:start position:0% want to present to you all to think align:start position:0% want to present to you all to think about<00:06:10.680> today<00:06:11.680> shall<00:06:12.120> we<00:06:12.360> regulate align:start position:0% about today shall we regulate align:start position:0% about today shall we regulate competition<00:06:14.240> or<00:06:14.440> shall<00:06:14.720> we<00:06:14.919> regulate align:start position:0% competition or shall we regulate align:start position:0% competition or shall we regulate Monopoly<00:06:17.599> it<00:06:17.720> was<00:06:18.039> an<00:06:18.240> incisive<00:06:18.800> and<00:06:19.000> astute align:start position:0% Monopoly it was an incisive and astute align:start position:0% Monopoly it was an incisive and astute question align:start position:0% question align:start position:0% question then<00:06:22.400> at<00:06:22.520> the<00:06:22.759> time<00:06:23.440> there<00:06:23.639> were<00:06:23.880> a<00:06:24.039> range<00:06:24.280> of align:start position:0% then at the time there were a range of align:start position:0% then at the time there were a range of political<00:06:24.840> leaders<00:06:25.280> that<00:06:25.759> believed<00:06:26.759> um<00:06:26.960> that align:start position:0% political leaders that believed um that align:start position:0% political leaders that believed um that Monopoly<00:06:28.160> monopolies<00:06:29.160> were<00:06:29.720> itable<00:06:30.520> and<00:06:30.639> so align:start position:0% Monopoly monopolies were itable and so align:start position:0% Monopoly monopolies were itable and so we<00:06:30.960> should<00:06:31.240> let<00:06:31.479> them<00:06:32.440> emerge<00:06:33.440> and<00:06:33.560> then<00:06:33.680> we align:start position:0% we should let them emerge and then we align:start position:0% we should let them emerge and then we should<00:06:34.039> just<00:06:34.319> regulate<00:06:34.800> the<00:06:34.919> heck<00:06:35.120> out<00:06:35.240> of align:start position:0% should just regulate the heck out of align:start position:0% should just regulate the heck out of them<00:06:36.639> and<00:06:37.120> have<00:06:37.479> very<00:06:38.479> um<00:06:38.840> strong<00:06:39.360> oversight align:start position:0% them and have very um strong oversight align:start position:0% them and have very um strong oversight but<00:06:40.520> Justice<00:06:40.960> brandise<00:06:42.000> rejected<00:06:43.000> that<00:06:43.360> idea align:start position:0% but Justice brandise rejected that idea align:start position:0% but Justice brandise rejected that idea he<00:06:44.479> said<00:06:44.759> and<00:06:44.960> these<00:06:45.080> are<00:06:45.479> quotes<00:06:46.479> private align:start position:0% he said and these are quotes private align:start position:0% he said and these are quotes private Monopoly<00:06:47.360> in<00:06:47.560> industry<00:06:48.560> is<00:06:48.759> as<00:06:48.880> he<00:06:49.039> said<00:06:49.319> never align:start position:0% Monopoly in industry is as he said never align:start position:0% Monopoly in industry is as he said never desirable<00:06:50.840> and<00:06:50.960> it<00:06:51.080> is<00:06:51.280> not<00:06:51.800> inevitable align:start position:0% desirable and it is not inevitable align:start position:0% desirable and it is not inevitable monopolies<00:06:53.479> were<00:06:53.680> not<00:06:53.840> inevitable<00:06:54.440> then<00:06:55.199> and align:start position:0% monopolies were not inevitable then and align:start position:0% monopolies were not inevitable then and monopolies<00:06:55.919> are<00:06:56.160> not<00:06:56.479> inevitable<00:06:57.560> now<00:06:58.560> the align:start position:0% monopolies are not inevitable now the align:start position:0% monopolies are not inevitable now the premise<00:06:59.120> of<00:06:59.240> the<00:06:59.639> question<00:07:00.080> presented<00:07:00.879> by align:start position:0% premise of the question presented by align:start position:0% premise of the question presented by Justice<00:07:01.440> brandise<00:07:02.400> is<00:07:02.599> that<00:07:02.879> is<00:07:03.000> it<00:07:03.319> more align:start position:0% Justice brandise is that is it more align:start position:0% Justice brandise is that is it more desirable<00:07:04.479> to<00:07:04.680> rely<00:07:05.000> on align:start position:0% desirable to rely on align:start position:0% desirable to rely on competition<00:07:07.000> and<00:07:07.199> Market<00:07:07.960> forces<00:07:08.960> than<00:07:09.160> the align:start position:0% competition and Market forces than the align:start position:0% competition and Market forces than the inevitability<00:07:10.440> of<00:07:10.720> concentrated<00:07:11.520> markets align:start position:0% inevitability of concentrated markets align:start position:0% inevitability of concentrated markets where<00:07:12.720> the<00:07:12.960> only<00:07:13.560> remaining<00:07:14.240> solution<00:07:15.120> is<00:07:15.280> to align:start position:0% where the only remaining solution is to align:start position:0% where the only remaining solution is to oversee<00:07:15.960> them<00:07:16.120> with<00:07:16.280> invasive<00:07:16.800> regulation<00:07:17.720> in align:start position:0% oversee them with invasive regulation in align:start position:0% oversee them with invasive regulation in all<00:07:18.199> markets<00:07:18.680> but<00:07:19.400> especially<00:07:20.400> markets align:start position:0% all markets but especially markets align:start position:0% all markets but especially markets involving<00:07:21.400> technology<00:07:21.960> and<00:07:22.160> key<00:07:22.400> inflection align:start position:0% involving technology and key inflection align:start position:0% involving technology and key inflection points<00:07:23.960> the<00:07:24.120> first<00:07:24.440> line<00:07:24.680> of<00:07:24.919> defense<00:07:25.680> is align:start position:0% points the first line of defense is align:start position:0% points the first line of defense is competition<00:07:26.919> as<00:07:27.160> Justice<00:07:27.560> Brandy<00:07:28.199> said<00:07:28.919> no align:start position:0% competition as Justice Brandy said no align:start position:0% competition as Justice Brandy said no syst<00:07:29.520> system<00:07:29.800> of<00:07:30.000> Regulation<00:07:31.000> can<00:07:31.280> safely<00:07:31.720> be align:start position:0% syst system of Regulation can safely be align:start position:0% syst system of Regulation can safely be substituted<00:07:32.680> for<00:07:32.840> the<00:07:33.039> operation<00:07:33.960> of align:start position:0% substituted for the operation of align:start position:0% substituted for the operation of individual<00:07:34.840> liberty<00:07:35.680> as<00:07:35.919> expressed<00:07:36.560> in align:start position:0% individual liberty as expressed in align:start position:0% individual liberty as expressed in competition<00:07:38.960> to<00:07:39.160> do<00:07:39.520> so<00:07:40.319> he<00:07:40.680> said<00:07:41.680> quote align:start position:0% competition to do so he said quote align:start position:0% competition to do so he said quote attempting<00:07:43.000> to<00:07:43.240> substitute<00:07:43.759> a<00:07:43.960> regulated align:start position:0% attempting to substitute a regulated align:start position:0% attempting to substitute a regulated monarchy<00:07:45.520> for<00:07:45.680> a<00:07:46.039> public<00:07:47.039> um<00:07:47.599> would<00:07:47.800> be<00:07:48.240> the align:start position:0% monarchy for a public um would be the align:start position:0% monarchy for a public um would be the result<00:07:49.960> and<00:07:50.039> so<00:07:50.280> today<00:07:50.599> there's<00:07:50.840> no align:start position:0% result and so today there's no align:start position:0% result and so today there's no substitute<00:07:51.639> for<00:07:51.759> the<00:07:51.919> competitive<00:07:52.479> process align:start position:0% substitute for the competitive process align:start position:0% substitute for the competitive process competition<00:07:54.720> is<00:07:54.919> what<00:07:55.120> ensures<00:07:55.680> continued align:start position:0% competition is what ensures continued align:start position:0% competition is what ensures continued Innovation<00:07:57.560> and<00:07:57.720> that<00:07:57.919> improvements<00:07:58.440> are<00:07:58.639> not align:start position:0% Innovation and that improvements are not align:start position:0% Innovation and that improvements are not hampered align:start position:0% hampered align:start position:0% hampered or<00:08:00.319> impeded<00:08:00.800> by<00:08:00.960> a<00:08:01.039> monopoly<00:08:01.520> choke<00:08:02.120> points align:start position:0% or impeded by a monopoly choke points align:start position:0% or impeded by a monopoly choke points competition<00:08:04.080> is<00:08:04.199> what<00:08:04.400> ensures<00:08:04.840> that align:start position:0% competition is what ensures that align:start position:0% competition is what ensures that consumers<00:08:06.280> entrepreneurs<00:08:07.280> workers<00:08:07.840> benefit align:start position:0% consumers entrepreneurs workers benefit align:start position:0% consumers entrepreneurs workers benefit in<00:08:08.319> the<00:08:08.479> long<00:08:08.680> run<00:08:09.319> it<00:08:09.479> ensures<00:08:10.000> the<00:08:10.240> freedom align:start position:0% in the long run it ensures the freedom align:start position:0% in the long run it ensures the freedom of<00:08:10.919> opportunity<00:08:11.599> that<00:08:11.720> is<00:08:11.960> available<00:08:12.400> to<00:08:12.599> all align:start position:0% of opportunity that is available to all align:start position:0% of opportunity that is available to all including<00:08:13.639> and<00:08:13.960> especially<00:08:14.520> companies<00:08:14.960> that align:start position:0% including and especially companies that align:start position:0% including and especially companies that invest<00:08:16.080> in<00:08:16.319> new<00:08:16.560> business<00:08:16.960> and<00:08:17.120> new<00:08:17.280> business align:start position:0% invest in new business and new business align:start position:0% invest in new business and new business ideas<00:08:20.199> strong<00:08:20.639> competition<00:08:21.319> and align:start position:0% ideas strong competition and align:start position:0% ideas strong competition and preservation<00:08:22.240> of<00:08:22.560> competition<00:08:23.560> especially align:start position:0% preservation of competition especially align:start position:0% preservation of competition especially early align:start position:0% early align:start position:0% early on<00:08:26.319> um<00:08:26.560> can<00:08:26.759> go<00:08:26.919> a<00:08:27.120> very<00:08:27.360> long<00:08:27.680> way<00:08:28.120> promoting align:start position:0% on um can go a very long way promoting align:start position:0% on um can go a very long way promoting competition<00:08:29.120> early<00:08:29.720> on<00:08:30.039> enable<00:08:30.479> as<00:08:30.680> many align:start position:0% competition early on enable as many align:start position:0% competition early on enable as many Innovations<00:08:31.599> as<00:08:31.879> possible<00:08:32.680> to<00:08:32.959> survive<00:08:33.360> and align:start position:0% Innovations as possible to survive and align:start position:0% Innovations as possible to survive and flourish<00:08:34.839> promoting<00:08:35.399> competition<00:08:36.039> early<00:08:36.360> on align:start position:0% flourish promoting competition early on align:start position:0% flourish promoting competition early on can<00:08:37.279> sure<00:08:37.479> that<00:08:37.599> it's<00:08:37.760> not<00:08:37.919> only<00:08:38.120> the<00:08:38.279> big align:start position:0% can sure that it's not only the big align:start position:0% can sure that it's not only the big companies<00:08:39.519> that<00:08:39.719> succeed<00:08:40.640> but<00:08:40.839> also<00:08:41.120> the align:start position:0% companies that succeed but also the align:start position:0% companies that succeed but also the small<00:08:41.719> businesses<00:08:42.680> and<00:08:42.839> the<00:08:43.039> startups<00:08:43.919> that align:start position:0% small businesses and the startups that align:start position:0% small businesses and the startups that have<00:08:44.240> the<00:08:44.399> opportunity<00:08:44.920> to<00:08:45.320> grow<00:08:46.320> promoting align:start position:0% have the opportunity to grow promoting align:start position:0% have the opportunity to grow promoting competition<00:08:47.640> early<00:08:48.000> on<00:08:48.600> can<00:08:48.839> avoid<00:08:49.240> the<00:08:49.360> more align:start position:0% competition early on can avoid the more align:start position:0% competition early on can avoid the more drastic<00:08:50.440> regulatory<00:08:51.120> measures<00:08:51.920> down<00:08:52.200> the align:start position:0% drastic regulatory measures down the align:start position:0% drastic regulatory measures down the line<00:08:52.720> that<00:08:52.839> would<00:08:53.000> be<00:08:53.240> necessarily<00:08:54.240> necessary align:start position:0% line that would be necessarily necessary align:start position:0% line that would be necessarily necessary once<00:08:55.399> monopolies<00:08:56.040> emerge<00:08:56.760> and<00:08:56.920> the align:start position:0% once monopolies emerge and the align:start position:0% once monopolies emerge and the importance<00:08:57.560> of<00:08:57.839> competition<00:08:58.519> in<00:08:58.800> AI align:start position:0% importance of competition in AI align:start position:0% importance of competition in AI at<00:09:00.440> the<00:09:00.560> early<00:09:01.000> stages<00:09:01.440> cannot<00:09:01.680> be align:start position:0% at the early stages cannot be align:start position:0% at the early stages cannot be overemphasized<00:09:03.720> we<00:09:03.959> must<00:09:04.320> examine<00:09:04.800> Market align:start position:0% overemphasized we must examine Market align:start position:0% overemphasized we must examine Market realities<00:09:06.000> and<00:09:06.160> promote<00:09:06.560> sound<00:09:07.000> policies align:start position:0% realities and promote sound policies align:start position:0% realities and promote sound policies that<00:09:07.720> promote<00:09:08.440> and<00:09:08.680> sustain<00:09:09.279> opportunities align:start position:0% that promote and sustain opportunities align:start position:0% that promote and sustain opportunities for<00:09:10.480> free<00:09:10.760> and<00:09:10.920> Fair<00:09:11.560> competition<00:09:12.560> for<00:09:12.800> both align:start position:0% for free and Fair competition for both align:start position:0% for free and Fair competition for both AI<00:09:13.959> infrastructure<00:09:14.959> AI<00:09:15.760> applications align:start position:0% AI infrastructure AI applications align:start position:0% AI infrastructure AI applications Foundation<00:09:17.399> models<00:09:17.959> promoting<00:09:18.720> competition align:start position:0% Foundation models promoting competition align:start position:0% Foundation models promoting competition now<00:09:19.640> will<00:09:19.800> go<00:09:19.959> a<00:09:20.120> long<00:09:20.440> way<00:09:21.320> because<00:09:21.519> it<00:09:21.640> will align:start position:0% now will go a long way because it will align:start position:0% now will go a long way because it will shape<00:09:22.160> how<00:09:22.320> they<00:09:22.519> develop<00:09:23.480> and<00:09:23.640> create<00:09:24.000> oxygen align:start position:0% shape how they develop and create oxygen align:start position:0% shape how they develop and create oxygen for<00:09:24.760> everybody<00:09:25.160> to<00:09:25.320> breathe<00:09:26.079> how<00:09:26.320> companies align:start position:0% for everybody to breathe how companies align:start position:0% for everybody to breathe how companies develop<00:09:27.240> AI<00:09:27.640> applications<00:09:28.279> and<00:09:28.480> how<00:09:28.680> those align:start position:0% develop AI applications and how those align:start position:0% develop AI applications and how those applications align:start position:0% applications align:start position:0% applications are<00:09:30.360> ultimately<00:09:30.959> brought<00:09:31.200> to<00:09:31.440> Market<00:09:32.240> will align:start position:0% are ultimately brought to Market will align:start position:0% are ultimately brought to Market will shape<00:09:32.720> the<00:09:33.320> field<00:09:34.320> the<00:09:34.440> state<00:09:34.640> of<00:09:34.920> competition align:start position:0% shape the field the state of competition align:start position:0% shape the field the state of competition in<00:09:35.600> AI<00:09:36.040> hardware<00:09:36.880> and<00:09:37.040> chips<00:09:37.480> for<00:09:37.680> example align:start position:0% in AI hardware and chips for example align:start position:0% in AI hardware and chips for example will<00:09:38.680> have<00:09:38.880> enormous<00:09:39.600> consequences<00:09:40.600> for align:start position:0% will have enormous consequences for align:start position:0% will have enormous consequences for competition<00:09:42.040> throughout<00:09:42.440> the<00:09:42.600> AI align:start position:0% competition throughout the AI align:start position:0% competition throughout the AI ecosystem<00:09:44.600> how<00:09:44.720> we<00:09:44.880> strike<00:09:45.200> the<00:09:45.399> balance align:start position:0% ecosystem how we strike the balance align:start position:0% ecosystem how we strike the balance between<00:09:46.160> ai's<00:09:46.600> use<00:09:46.800> of<00:09:46.959> creators<00:09:47.519> content<00:09:48.399> and align:start position:0% between ai's use of creators content and align:start position:0% between ai's use of creators content and providing<00:09:49.040> just<00:09:49.440> compensation<00:09:50.399> for<00:09:50.640> those align:start position:0% providing just compensation for those align:start position:0% providing just compensation for those creators<00:09:51.720> will<00:09:51.920> shape<00:09:52.240> the<00:09:52.399> future<00:09:53.079> of<00:09:53.200> all align:start position:0% creators will shape the future of all align:start position:0% creators will shape the future of all industry<00:09:55.880> if<00:09:56.000> we<00:09:56.160> can<00:09:56.360> protect<00:09:56.800> competition align:start position:0% industry if we can protect competition align:start position:0% industry if we can protect competition AI<00:09:58.079> holds<00:09:58.480> the<00:09:58.680> promise<00:09:59.399> of<00:09:59.560> generating<00:10:00.079> new align:start position:0% AI holds the promise of generating new align:start position:0% AI holds the promise of generating new businesses<00:10:01.320> and<00:10:01.560> new<00:10:01.839> markets<00:10:02.640> that<00:10:02.800> can align:start position:0% businesses and new markets that can align:start position:0% businesses and new markets that can truly<00:10:03.440> form<00:10:03.920> the<00:10:04.120> new<00:10:04.360> Main<00:10:04.720> Street<00:10:05.480> both align:start position:0% truly form the new Main Street both align:start position:0% truly form the new Main Street both figuratively<00:10:06.680> and align:start position:0% figuratively and align:start position:0% figuratively and literally<00:10:08.480> little<00:10:08.839> tech<00:10:09.240> companies<00:10:10.240> small align:start position:0% literally little tech companies small align:start position:0% literally little tech companies small medium-sized<00:10:11.440> businesses<00:10:11.959> have<00:10:12.160> the align:start position:0% medium-sized businesses have the align:start position:0% medium-sized businesses have the potential<00:10:12.800> throughout<00:10:13.200> the<00:10:13.360> country<00:10:14.040> to align:start position:0% potential throughout the country to align:start position:0% potential throughout the country to become<00:10:14.600> the<00:10:14.760> new<00:10:14.959> version<00:10:15.360> of<00:10:15.519> The<00:10:16.079> Corner align:start position:0% become the new version of The Corner align:start position:0% become the new version of The Corner Store<00:10:17.240> being<00:10:17.480> built<00:10:17.760> on<00:10:17.920> Main<00:10:18.200> Street<00:10:18.839> and align:start position:0% Store being built on Main Street and align:start position:0% Store being built on Main Street and that<00:10:19.160> Main<00:10:19.399> Street<00:10:19.760> doesn't<00:10:20.200> have<00:10:20.320> to<00:10:20.600> just<00:10:20.839> be align:start position:0% that Main Street doesn't have to just be align:start position:0% that Main Street doesn't have to just be here<00:10:21.640> in<00:10:21.839> San<00:10:22.120> Francisco<00:10:22.959> it<00:10:23.079> could<00:10:23.200> be align:start position:0% here in San Francisco it could be align:start position:0% here in San Francisco it could be anywhere<00:10:23.920> throughout<00:10:24.279> the<00:10:24.440> country<00:10:25.240> that<00:10:25.399> is align:start position:0% anywhere throughout the country that is align:start position:0% anywhere throughout the country that is the<00:10:25.720> world<00:10:26.120> that<00:10:26.240> is<00:10:26.399> the<00:10:26.600> promise<00:10:26.959> that<00:10:27.040> we align:start position:0% the world that is the promise that we align:start position:0% the world that is the promise that we are<00:10:27.279> trying<00:10:27.519> to<00:10:27.720> preserve<00:10:28.640> and<00:10:28.839> startups<00:10:29.480> that align:start position:0% are trying to preserve and startups that align:start position:0% are trying to preserve and startups that build<00:10:29.800> on<00:10:30.000> new<00:10:30.160> and<00:10:30.320> emerging<00:10:30.800> AI<00:10:31.600> can<00:10:31.800> create align:start position:0% build on new and emerging AI can create align:start position:0% build on new and emerging AI can create small<00:10:32.519> businesses<00:10:32.959> and<00:10:33.200> tools<00:10:34.079> that<00:10:34.279> support align:start position:0% small businesses and tools that support align:start position:0% small businesses and tools that support small<00:10:35.079> businesses<00:10:35.959> ecosystems<00:10:36.680> that<00:10:36.839> don't align:start position:0% small businesses ecosystems that don't align:start position:0% small businesses ecosystems that don't just<00:10:37.279> work<00:10:37.519> for<00:10:37.680> the<00:10:37.880> biggest<00:10:38.760> companies<00:10:39.279> with align:start position:0% just work for the biggest companies with align:start position:0% just work for the biggest companies with massive<00:10:39.959> global<00:10:40.320> scale<00:10:41.200> but<00:10:41.440> work<00:10:42.040> for<00:10:42.279> other align:start position:0% massive global scale but work for other align:start position:0% massive global scale but work for other corner<00:10:43.240> stores<00:10:44.000> and<00:10:44.160> because<00:10:44.399> it<00:10:44.560> supports align:start position:0% corner stores and because it supports align:start position:0% corner stores and because it supports business<00:10:45.760> anywhere<00:10:46.760> has<00:10:47.040> potential<00:10:47.519> to<00:10:48.200> lead align:start position:0% business anywhere has potential to lead align:start position:0% business anywhere has potential to lead to<00:10:48.560> the<00:10:48.720> dispersion<00:10:49.320> of<00:10:49.600> opportunity<00:10:50.600> so<00:10:50.800> that align:start position:0% to the dispersion of opportunity so that align:start position:0% to the dispersion of opportunity so that we<00:10:51.079> can<00:10:51.279> see<00:10:51.760> communities<00:10:52.360> Thrive<00:10:53.279> not<00:10:53.560> just align:start position:0% we can see communities Thrive not just align:start position:0% we can see communities Thrive not just urban<00:10:54.200> communities<00:10:54.680> but<00:10:54.839> rural<00:10:55.399> communities align:start position:0% urban communities but rural communities align:start position:0% urban communities but rural communities and<00:10:56.600> that<00:10:56.720> will<00:10:56.920> create<00:10:57.200> new<00:10:57.480> job align:start position:0% and that will create new job align:start position:0% and that will create new job opportunities<00:10:58.959> and<00:10:59.320> lead<00:10:59.519> to<00:10:59.639> a<00:10:59.760> rising<00:11:00.160> tide align:start position:0% opportunities and lead to a rising tide align:start position:0% opportunities and lead to a rising tide that<00:11:00.560> lifts<00:11:00.839> all<00:11:01.040> boats<00:11:01.680> so<00:11:01.839> we<00:11:01.959> must<00:11:02.160> do align:start position:0% that lifts all boats so we must do align:start position:0% that lifts all boats so we must do everything<00:11:02.760> we<00:11:02.959> can<00:11:03.760> to<00:11:03.959> promote<00:11:04.360> competitive align:start position:0% everything we can to promote competitive align:start position:0% everything we can to promote competitive markets<00:11:05.760> especially<00:11:06.240> as<00:11:06.399> these<00:11:06.639> Technologies align:start position:0% markets especially as these Technologies align:start position:0% markets especially as these Technologies develop<00:11:08.320> we<00:11:08.480> have<00:11:08.639> to<00:11:08.839> ensure<00:11:09.160> that<00:11:09.279> the align:start position:0% develop we have to ensure that the align:start position:0% develop we have to ensure that the markets<00:11:09.720> are<00:11:10.240> deconcentrated<00:11:11.240> and<00:11:11.360> that align:start position:0% markets are deconcentrated and that align:start position:0% markets are deconcentrated and that opportunities<00:11:12.200> are align:start position:0% opportunities are align:start position:0% opportunities are dispersed<00:11:13.959> We<00:11:14.079> should<00:11:14.360> strive<00:11:14.760> for<00:11:14.920> an<00:11:15.040> even align:start position:0% dispersed We should strive for an even align:start position:0% dispersed We should strive for an even playing align:start position:0% playing align:start position:0% playing field<00:11:17.440> um<00:11:17.720> that<00:11:17.920> allows<00:11:18.560> for<00:11:18.839> as<00:11:19.040> many align:start position:0% field um that allows for as many align:start position:0% field um that allows for as many companies<00:11:20.279> and<00:11:20.480> as<00:11:20.639> many<00:11:20.920> ideas<00:11:21.360> as<00:11:21.600> possible align:start position:0% companies and as many ideas as possible align:start position:0% companies and as many ideas as possible to<00:11:22.600> be<00:11:22.800> tested<00:11:23.399> created<00:11:23.920> improved<00:11:24.760> and<00:11:24.959> paved align:start position:0% to be tested created improved and paved align:start position:0% to be tested created improved and paved the<00:11:25.360> way<00:11:25.519> for<00:11:25.760> new<00:11:26.040> businesses<00:11:26.519> and<00:11:26.760> job align:start position:0% the way for new businesses and job align:start position:0% the way for new businesses and job opportunities<00:11:28.800> to<00:11:28.959> achieve<00:11:29.560> all<00:11:29.720> of<00:11:29.880> this<00:11:30.120> the align:start position:0% opportunities to achieve all of this the align:start position:0% opportunities to achieve all of this the first<00:11:30.480> step<00:11:30.720> is<00:11:30.839> a<00:11:31.000> deep<00:11:31.560> understanding<00:11:31.920> of align:start position:0% first step is a deep understanding of align:start position:0% first step is a deep understanding of Market<00:11:32.480> realities<00:11:33.399> how<00:11:33.639> does<00:11:33.880> the<00:11:34.120> stuff align:start position:0% Market realities how does the stuff align:start position:0% Market realities how does the stuff actually<00:11:35.079> work<00:11:35.639> in<00:11:35.839> May<00:11:36.279> for<00:11:36.440> example<00:11:36.760> we<00:11:36.920> held align:start position:0% actually work in May for example we held align:start position:0% actually work in May for example we held a<00:11:37.399> really<00:11:37.720> exciting<00:11:38.160> workshop<00:11:38.639> at<00:11:39.000> Stanford align:start position:0% a really exciting workshop at Stanford align:start position:0% a really exciting workshop at Stanford uh<00:11:40.160> along<00:11:40.399> with<00:11:40.560> Stanford<00:11:41.360> University<00:11:42.360> uh align:start position:0% uh along with Stanford University uh align:start position:0% uh along with Stanford University uh promoting<00:11:43.040> competition<00:11:43.519> in<00:11:43.760> AI<00:11:44.200> where<00:11:44.320> we align:start position:0% promoting competition in AI where we align:start position:0% promoting competition in AI where we sought<00:11:45.040> to<00:11:45.279> hear<00:11:45.440> from<00:11:45.639> diverse<00:11:46.120> perspectives align:start position:0% sought to hear from diverse perspectives align:start position:0% sought to hear from diverse perspectives and<00:11:46.760> we<00:11:47.079> did<00:11:48.079> from<00:11:48.320> Scholars<00:11:48.959> but<00:11:49.160> also align:start position:0% and we did from Scholars but also align:start position:0% and we did from Scholars but also content<00:11:49.880> creators<00:11:51.160> VCS align:start position:0% content creators VCS align:start position:0% content creators VCS startups<00:11:53.720> um<00:11:53.839> in<00:11:54.040> all<00:11:54.320> different<00:11:54.600> areas<00:11:54.880> of align:start position:0% startups um in all different areas of align:start position:0% startups um in all different areas of the<00:11:55.160> economy<00:11:55.720> everything<00:11:56.240> from<00:11:56.839> tech<00:11:57.079> for align:start position:0% the economy everything from tech for align:start position:0% the economy everything from tech for tech<00:11:57.760> to<00:11:58.000> Tech<00:11:58.200> for<00:11:58.399> healthcare<00:11:59.279> those align:start position:0% tech to Tech for healthcare those align:start position:0% tech to Tech for healthcare those conversations<00:12:00.160> at<00:12:00.279> least<00:12:00.440> for<00:12:00.600> me<00:12:00.800> were align:start position:0% conversations at least for me were align:start position:0% conversations at least for me were invaluable<00:12:02.240> because<00:12:02.480> it's<00:12:02.680> how<00:12:02.800> we<00:12:02.959> learn align:start position:0% invaluable because it's how we learn align:start position:0% invaluable because it's how we learn it's<00:12:03.519> how<00:12:03.639> we<00:12:03.800> grow<00:12:04.120> it's<00:12:04.279> how<00:12:04.399> we<00:12:04.560> deepen<00:12:04.920> our align:start position:0% it's how we grow it's how we deepen our align:start position:0% it's how we grow it's how we deepen our understanding<00:12:05.720> of<00:12:05.880> these<00:12:06.120> issues<00:12:06.760> so<00:12:06.920> that<00:12:07.040> we align:start position:0% understanding of these issues so that we align:start position:0% understanding of these issues so that we can<00:12:07.399> have<00:12:07.600> sound<00:12:08.079> policy<00:12:08.440> and<00:12:08.560> make<00:12:08.720> sound align:start position:0% can have sound policy and make sound align:start position:0% can have sound policy and make sound policy<00:12:09.440> choices<00:12:10.279> we've<00:12:10.519> also<00:12:10.720> worked<00:12:11.079> closely align:start position:0% policy choices we've also worked closely align:start position:0% policy choices we've also worked closely with<00:12:11.760> other<00:12:12.040> agencies<00:12:12.560> to<00:12:12.760> develop<00:12:13.120> our align:start position:0% with other agencies to develop our align:start position:0% with other agencies to develop our thinking<00:12:13.600> and<00:12:14.279> understanding<00:12:15.279> just<00:12:15.519> this align:start position:0% thinking and understanding just this align:start position:0% thinking and understanding just this past<00:12:16.000> Tuesday<00:12:16.480> we<00:12:16.680> released<00:12:17.120> a<00:12:17.279> joint align:start position:0% past Tuesday we released a joint align:start position:0% past Tuesday we released a joint statement<00:12:18.120> on<00:12:18.440> competition<00:12:19.440> in<00:12:19.639> generative align:start position:0% statement on competition in generative align:start position:0% statement on competition in generative AI<00:12:20.639> Foundation<00:12:21.240> models<00:12:21.680> and<00:12:21.880> AI<00:12:22.279> products align:start position:0% AI Foundation models and AI products align:start position:0% AI Foundation models and AI products along<00:12:23.440> with<00:12:23.600> our<00:12:23.800> counterparts<00:12:24.320> at<00:12:24.480> the<00:12:24.600> FTC align:start position:0% along with our counterparts at the FTC align:start position:0% along with our counterparts at the FTC which<00:12:25.560> you<00:12:25.720> hear<00:12:25.880> from<00:12:26.040> later<00:12:26.279> today<00:12:27.079> the<00:12:27.199> EC align:start position:0% which you hear from later today the EC align:start position:0% which you hear from later today the EC and<00:12:27.839> the<00:12:28.000> UK<00:12:28.720> through<00:12:28.959> this<00:12:29.240> joint<00:12:29.560> statement align:start position:0% and the UK through this joint statement align:start position:0% and the UK through this joint statement we<00:12:30.680> pledged<00:12:31.320> our<00:12:31.480> use<00:12:31.680> of<00:12:31.920> available<00:12:32.399> powers align:start position:0% we pledged our use of available powers align:start position:0% we pledged our use of available powers to<00:12:33.000> promote<00:12:33.639> effective<00:12:34.279> competition<00:12:35.199> in<00:12:35.440> AI align:start position:0% to promote effective competition in AI align:start position:0% to promote effective competition in AI so<00:12:36.199> that<00:12:36.360> all<00:12:36.560> companies<00:12:37.440> from<00:12:37.639> the<00:12:37.760> little align:start position:0% so that all companies from the little align:start position:0% so that all companies from the little ones<00:12:38.720> to<00:12:38.920> the<00:12:39.040> big<00:12:39.240> ones<00:12:39.839> and<00:12:40.040> everyone<00:12:40.399> in align:start position:0% ones to the big ones and everyone in align:start position:0% ones to the big ones and everyone in between<00:12:41.000> will<00:12:41.199> have<00:12:41.320> the<00:12:41.480> opportunity<00:12:41.959> to align:start position:0% between will have the opportunity to align:start position:0% between will have the opportunity to succeed<00:12:42.920> and<00:12:43.000> we're<00:12:43.160> going<00:12:43.240> to<00:12:43.399> continue<00:12:43.720> to align:start position:0% succeed and we're going to continue to align:start position:0% succeed and we're going to continue to make<00:12:44.160> every<00:12:44.480> effort<00:12:45.240> and<00:12:45.440> that<00:12:45.839> means<00:12:46.839> um align:start position:0% make every effort and that means um align:start position:0% make every effort and that means um healthy<00:12:48.440> markets<00:12:49.440> that<00:12:49.639> means<00:12:50.639> uh<00:12:50.800> room<00:12:51.079> for align:start position:0% healthy markets that means uh room for align:start position:0% healthy markets that means uh room for all<00:12:52.399> business<00:12:52.760> models<00:12:53.320> whether<00:12:53.560> they<00:12:53.720> are align:start position:0% all business models whether they are align:start position:0% all business models whether they are closed<00:12:54.600> Source<00:12:55.600> open<00:12:56.000> source<00:12:57.000> making<00:12:57.440> sure align:start position:0% closed Source open source making sure align:start position:0% closed Source open source making sure that<00:12:58.480> business<00:12:58.800> model<00:12:59.440> especially<00:12:59.800> open align:start position:0% that business model especially open align:start position:0% that business model especially open source<00:13:00.440> business<00:13:00.760> models<00:13:01.160> have<00:13:01.320> the align:start position:0% source business models have the align:start position:0% source business models have the opportunity<00:13:02.000> to<00:13:02.199> build<00:13:02.680> platforms<00:13:03.360> and<00:13:03.600> stay align:start position:0% opportunity to build platforms and stay align:start position:0% opportunity to build platforms and stay open<00:13:04.320> and<00:13:04.480> stay<00:13:05.160> extensible<00:13:06.160> um<00:13:06.680> um<00:13:06.839> so<00:13:07.000> that align:start position:0% open and stay extensible um um so that align:start position:0% open and stay extensible um um so that they<00:13:07.360> can<00:13:07.839> allow<00:13:08.839> um<00:13:09.079> the<00:13:09.240> rising<00:13:09.639> tide<00:13:09.880> to align:start position:0% they can allow um the rising tide to align:start position:0% they can allow um the rising tide to lift<00:13:10.279> all<00:13:10.519> boats<00:13:11.120> and<00:13:11.240> we<00:13:11.360> can<00:13:11.560> see<00:13:11.839> the align:start position:0% lift all boats and we can see the align:start position:0% lift all boats and we can see the promise<00:13:12.360> of<00:13:12.519> innovation<00:13:13.040> be<00:13:13.399> realized<00:13:14.399> um align:start position:0% promise of innovation be realized um align:start position:0% promise of innovation be realized um across<00:13:15.360> the<00:13:15.519> entire<00:13:16.480> uh<00:13:16.639> Continuum<00:13:17.600> and<00:13:17.800> help align:start position:0% across the entire uh Continuum and help align:start position:0% across the entire uh Continuum and help form<00:13:18.959> the<00:13:19.120> new<00:13:19.360> Main<00:13:19.720> Street<00:13:20.440> so<00:13:20.680> with<00:13:20.839> that align:start position:0% form the new Main Street so with that align:start position:0% form the new Main Street so with that I'm<00:13:21.199> really<00:13:21.480> excited<00:13:21.839> to<00:13:22.000> sit<00:13:22.199> down<00:13:22.560> have<00:13:22.680> a align:start position:0% I'm really excited to sit down have a align:start position:0% I'm really excited to sit down have a conversation<00:13:23.360> about<00:13:23.560> some<00:13:23.680> of<00:13:23.800> these<00:13:24.000> issues align:start position:0% conversation about some of these issues align:start position:0% conversation about some of these issues with<00:13:24.480> Gary<00:13:25.160> and<00:13:25.240> we'll<00:13:25.399> go<00:13:25.560> from<00:13:25.760> there<00:13:26.199> thank align:start position:0% with Gary and we'll go from there thank align:start position:0% with Gary and we'll go from there thank you align:start position:0% you align:start position:0% you [Applause] align:start position:0% [Applause] align:start position:0% [Applause] Jonathan<00:13:31.079> thanks<00:13:31.279> so<00:13:31.639> much<00:13:32.639> thank<00:13:32.839> you<00:13:33.040> it's align:start position:0% Jonathan thanks so much thank you it's align:start position:0% Jonathan thanks so much thank you it's great<00:13:33.360> to<00:13:33.480> be<00:13:33.639> here<00:13:34.120> I<00:13:34.199> think<00:13:34.320> we<00:13:34.440> just<00:13:34.639> I<00:13:34.760> just align:start position:0% great to be here I think we just I just align:start position:0% great to be here I think we just I just I<00:13:35.040> just<00:13:35.199> have<00:13:35.320> only<00:13:35.519> a<00:13:35.600> few<00:13:35.839> questions<00:13:36.160> and<00:13:36.519> I align:start position:0% I just have only a few questions and I align:start position:0% I just have only a few questions and I think<00:13:36.720> we're<00:13:37.079> both<00:13:37.240> hoping<00:13:37.519> to<00:13:37.880> like<00:13:38.000> open<00:13:38.240> it align:start position:0% think we're both hoping to like open it align:start position:0% think we're both hoping to like open it up<00:13:38.519> to<00:13:38.839> you<00:13:39.040> all<00:13:39.680> but<00:13:39.800> just<00:13:39.920> to<00:13:40.120> kick<00:13:40.279> it<00:13:40.399> off<00:13:40.639> I align:start position:0% up to you all but just to kick it off I align:start position:0% up to you all but just to kick it off I mean<00:13:41.120> the<00:13:41.240> FTC<00:13:41.800> has<00:13:42.160> received<00:13:42.320> a<00:13:42.480> lot<00:13:42.639> of<00:13:43.480> uh<00:13:43.760> I align:start position:0% mean the FTC has received a lot of uh I align:start position:0% mean the FTC has received a lot of uh I mean<00:13:44.040> really<00:13:44.320> attention<00:13:44.639> and<00:13:44.839> praise<00:13:45.360> for align:start position:0% mean really attention and praise for align:start position:0% mean really attention and praise for their<00:13:46.279> statement<00:13:46.800> on<00:13:47.279> sort<00:13:47.480> of<00:13:47.639> importance<00:13:48.040> of align:start position:0% their statement on sort of importance of align:start position:0% their statement on sort of importance of protecting<00:13:48.880> competitiveness<00:13:49.880> in<00:13:50.079> open align:start position:0% protecting competitiveness in open align:start position:0% protecting competitiveness in open source<00:13:50.680> especially<00:13:51.000> at<00:13:51.120> the<00:13:51.279> foundation align:start position:0% source especially at the foundation align:start position:0% source especially at the foundation level<00:13:52.720> you<00:13:52.880> know<00:13:53.440> what<00:13:53.680> does<00:13:53.959> protecting align:start position:0% level you know what does protecting align:start position:0% level you know what does protecting competitiveness<00:13:55.480> sometimes<00:13:55.759> mean<00:13:56.160> basically align:start position:0% competitiveness sometimes mean basically align:start position:0% competitiveness sometimes mean basically doing<00:13:56.839> nothing<00:13:57.399> or<00:13:58.079> you<00:13:58.240> know<00:13:58.480> just<00:13:58.759> wait<00:13:59.160> to align:start position:0% doing nothing or you know just wait to align:start position:0% doing nothing or you know just wait to see<00:13:59.560> how<00:13:59.759> the<00:14:00.240> market<00:14:00.639> plays<00:14:00.920> out<00:14:01.360> how<00:14:01.480> do<00:14:01.560> you align:start position:0% see how the market plays out how do you align:start position:0% see how the market plays out how do you think<00:14:01.880> about<00:14:02.160> that<00:14:02.519> so<00:14:02.680> I<00:14:02.759> think<00:14:02.880> we<00:14:02.959> have<00:14:03.079> to align:start position:0% think about that so I think we have to align:start position:0% think about that so I think we have to think<00:14:03.440> about<00:14:03.800> first<00:14:03.959> of<00:14:04.120> all<00:14:04.560> we<00:14:04.680> need<00:14:04.839> to align:start position:0% think about first of all we need to align:start position:0% think about first of all we need to follow<00:14:05.279> the<00:14:05.399> facts<00:14:05.680> and<00:14:05.839> the<00:14:05.920> law<00:14:06.160> wherever<00:14:06.440> it align:start position:0% follow the facts and the law wherever it align:start position:0% follow the facts and the law wherever it takes<00:14:06.759> us<00:14:07.360> and<00:14:07.519> so<00:14:08.000> if<00:14:08.279> if<00:14:08.399> there<00:14:08.600> no<00:14:08.920> problem align:start position:0% takes us and so if if there no problem align:start position:0% takes us and so if if there no problem to<00:14:09.440> address<00:14:09.920> we<00:14:10.040> don't<00:14:10.199> need<00:14:10.399> to<00:14:10.800> step<00:14:11.079> in<00:14:11.480> and align:start position:0% to address we don't need to step in and align:start position:0% to address we don't need to step in and try<00:14:11.800> to<00:14:12.000> address<00:14:12.279> it<00:14:12.600> for<00:14:12.759> its<00:14:12.920> own<00:14:13.199> sake<00:14:13.880> right align:start position:0% try to address it for its own sake right align:start position:0% try to address it for its own sake right our<00:14:14.240> goal<00:14:14.440> is<00:14:14.600> simply<00:14:14.880> to<00:14:15.079> say<00:14:15.320> okay<00:14:15.480> what's align:start position:0% our goal is simply to say okay what's align:start position:0% our goal is simply to say okay what's happening<00:14:16.000> in<00:14:16.120> the<00:14:16.360> marketplace<00:14:17.360> and<00:14:17.480> does<00:14:17.639> it align:start position:0% happening in the marketplace and does it align:start position:0% happening in the marketplace and does it necessitate<00:14:18.639> action<00:14:19.639> uh<00:14:19.800> in<00:14:20.480> the<00:14:20.720> vast align:start position:0% necessitate action uh in the vast align:start position:0% necessitate action uh in the vast majority<00:14:21.440> of<00:14:21.600> instances<00:14:22.360> we<00:14:22.519> don't<00:14:22.639> do align:start position:0% majority of instances we don't do align:start position:0% majority of instances we don't do anything<00:14:23.519> whether<00:14:23.800> it's<00:14:24.440> um<00:14:24.680> mergers<00:14:25.399> or align:start position:0% anything whether it's um mergers or align:start position:0% anything whether it's um mergers or conduct<00:14:26.519> there's<00:14:26.720> a<00:14:26.839> lot<00:14:27.000> of<00:14:27.120> business<00:14:27.440> that align:start position:0% conduct there's a lot of business that align:start position:0% conduct there's a lot of business that happens<00:14:28.199> without<00:14:28.480> us<00:14:28.639> having<00:14:28.839> any<00:14:29.160> anything align:start position:0% happens without us having any anything align:start position:0% happens without us having any anything to<00:14:29.480> do<00:14:29.600> with<00:14:29.759> it<00:14:30.199> we<00:14:30.440> focus<00:14:30.720> on<00:14:30.880> the<00:14:31.040> instances align:start position:0% to do with it we focus on the instances align:start position:0% to do with it we focus on the instances where<00:14:31.680> there<00:14:31.759> are<00:14:31.920> bottlenecks<00:14:32.480> to align:start position:0% where there are bottlenecks to align:start position:0% where there are bottlenecks to competition<00:14:33.920> uh<00:14:34.120> where<00:14:34.399> there<00:14:34.560> are align:start position:0% competition uh where there are align:start position:0% competition uh where there are impediments<00:14:35.959> to<00:14:36.120> the<00:14:36.320> kind<00:14:36.519> of<00:14:36.680> development align:start position:0% impediments to the kind of development align:start position:0% impediments to the kind of development and<00:14:37.279> growth<00:14:37.519> that<00:14:37.639> we<00:14:37.720> were<00:14:37.920> talking<00:14:38.160> about align:start position:0% and growth that we were talking about align:start position:0% and growth that we were talking about early<00:14:39.000> um<00:14:39.160> that<00:14:39.279> I<00:14:39.360> was<00:14:39.519> just<00:14:39.639> talking<00:14:39.800> about<00:14:39.920> a align:start position:0% early um that I was just talking about a align:start position:0% early um that I was just talking about a few<00:14:40.120> moments<00:14:40.399> ago<00:14:40.920> uh<00:14:41.040> in<00:14:41.160> your<00:14:41.320> opinion<00:14:41.680> is align:start position:0% few moments ago uh in your opinion is align:start position:0% few moments ago uh in your opinion is the<00:14:42.000> AI<00:14:42.360> Market<00:14:42.759> at<00:14:42.920> the<00:14:43.079> foundation<00:14:43.639> layer<00:14:44.320> uh align:start position:0% the AI Market at the foundation layer uh align:start position:0% the AI Market at the foundation layer uh competitive<00:14:45.560> concentrated<00:14:46.560> or<00:14:46.920> something align:start position:0% competitive concentrated or something align:start position:0% competitive concentrated or something else<00:14:47.959> so<00:14:48.199> we're<00:14:48.480> we're<00:14:48.680> seeing<00:14:49.000> it<00:14:49.279> play<00:14:49.480> out align:start position:0% else so we're we're seeing it play out align:start position:0% else so we're we're seeing it play out and<00:14:50.120> so<00:14:50.399> from<00:14:50.639> my<00:14:51.160> perspective<00:14:52.160> um<00:14:52.399> we<00:14:52.600> have align:start position:0% and so from my perspective um we have align:start position:0% and so from my perspective um we have the<00:14:53.079> promise<00:14:53.880> for<00:14:54.639> competition<00:14:55.639> uh<00:14:55.759> and align:start position:0% the promise for competition uh and align:start position:0% the promise for competition uh and that's<00:14:56.120> really<00:14:56.399> exciting<00:14:57.040> and<00:14:57.199> so<00:14:57.519> you<00:14:57.639> know align:start position:0% that's really exciting and so you know align:start position:0% that's really exciting and so you know certainly<00:14:58.279> we've<00:14:58.440> seen<00:14:58.639> the<00:14:58.720> develop align:start position:0% certainly we've seen the develop align:start position:0% certainly we've seen the develop velopment<00:14:59.639> of<00:15:00.519> um<00:15:01.360> proprietary<00:15:02.360> um align:start position:0% velopment of um proprietary um align:start position:0% velopment of um proprietary um Foundation<00:15:03.040> models<00:15:03.480> and<00:15:03.600> then<00:15:03.759> we've<00:15:03.920> seen<00:15:04.160> as align:start position:0% Foundation models and then we've seen as align:start position:0% Foundation models and then we've seen as I<00:15:04.360> alluded<00:15:04.720> to<00:15:04.880> my<00:15:05.040> remarks<00:15:05.839> the<00:15:06.000> development align:start position:0% I alluded to my remarks the development align:start position:0% I alluded to my remarks the development of<00:15:06.560> Open<00:15:06.839> Source<00:15:07.639> which<00:15:07.920> has<00:15:08.800> um<00:15:09.160> a<00:15:09.519> which<00:15:09.680> can align:start position:0% of Open Source which has um a which can align:start position:0% of Open Source which has um a which can be<00:15:09.920> a<00:15:10.040> force<00:15:10.360> multiplier<00:15:11.000> for<00:15:11.320> competition align:start position:0% be a force multiplier for competition align:start position:0% be a force multiplier for competition and<00:15:12.040> that's<00:15:12.360> really<00:15:12.880> exciting<00:15:13.880> um<00:15:14.000> I<00:15:14.079> think align:start position:0% and that's really exciting um I think align:start position:0% and that's really exciting um I think one<00:15:14.360> of<00:15:14.440> the<00:15:14.519> things<00:15:14.680> that<00:15:14.800> we<00:15:15.000> talked<00:15:15.199> about align:start position:0% one of the things that we talked about align:start position:0% one of the things that we talked about our<00:15:15.560> AI<00:15:15.839> statement<00:15:16.240> one<00:15:16.320> of<00:15:16.360> the<00:15:16.440> things<00:15:16.600> I've align:start position:0% our AI statement one of the things I've align:start position:0% our AI statement one of the things I've talked<00:15:17.000> about<00:15:17.199> is<00:15:17.360> making<00:15:17.680> sure<00:15:18.040> that<00:15:18.480> open align:start position:0% talked about is making sure that open align:start position:0% talked about is making sure that open store<00:15:19.120> stays<00:15:19.399> open<00:15:20.320> right<00:15:20.560> so<00:15:20.839> that<00:15:21.440> um<00:15:21.680> people align:start position:0% store stays open right so that um people align:start position:0% store stays open right so that um people continue<00:15:22.240> to<00:15:22.399> build<00:15:22.639> on<00:15:22.800> it<00:15:23.440> and<00:15:23.639> people<00:15:23.920> can align:start position:0% continue to build on it and people can align:start position:0% continue to build on it and people can continue<00:15:24.600> to<00:15:25.560> um<00:15:26.079> um<00:15:26.600> invest<00:15:26.959> in<00:15:27.120> the<00:15:27.279> value align:start position:0% continue to um um invest in the value align:start position:0% continue to um um invest in the value can<00:15:28.560> um<00:15:29.160> and<00:15:29.279> the<00:15:29.399> dependencies<00:15:29.920> that<00:15:30.040> are align:start position:0% can um and the dependencies that are align:start position:0% can um and the dependencies that are created<00:15:30.600> that<00:15:30.759> value<00:15:31.079> can<00:15:31.199> be<00:15:31.360> created<00:15:31.759> and align:start position:0% created that value can be created and align:start position:0% created that value can be created and realized<00:15:32.680> by<00:15:33.240> small<00:15:33.519> and<00:15:33.639> mediumsized<00:15:34.199> tech align:start position:0% realized by small and mediumsized tech align:start position:0% realized by small and mediumsized tech companies<00:15:34.920> who<00:15:35.040> are<00:15:35.560> innovating<00:15:36.000> on<00:15:36.240> that<00:15:36.720> to align:start position:0% companies who are innovating on that to align:start position:0% companies who are innovating on that to me<00:15:37.319> that<00:15:37.480> is<00:15:37.759> competition<00:15:38.600> in<00:15:38.800> all<00:15:39.000> its<00:15:39.199> forms align:start position:0% me that is competition in all its forms align:start position:0% me that is competition in all its forms everything<00:15:40.399> from<00:15:40.680> proprietary<00:15:41.319> to<00:15:41.480> open<00:15:42.480> um align:start position:0% everything from proprietary to open um align:start position:0% everything from proprietary to open um and<00:15:42.759> so<00:15:42.959> a<00:15:43.120> little<00:15:43.319> bit<00:15:43.480> of<00:15:43.639> work<00:15:44.120> early<00:15:44.440> on<00:15:45.040> by align:start position:0% and so a little bit of work early on by align:start position:0% and so a little bit of work early on by us<00:15:46.240> uh<00:15:46.399> and<00:15:46.519> our<00:15:46.759> communities<00:15:47.720> to<00:15:47.920> make<00:15:48.079> sure align:start position:0% us uh and our communities to make sure align:start position:0% us uh and our communities to make sure that<00:15:48.480> those<00:15:48.639> models<00:15:49.040> can<00:15:49.240> Thrive<00:15:49.639> to<00:15:49.759> make align:start position:0% that those models can Thrive to make align:start position:0% that those models can Thrive to make sure<00:15:50.079> that<00:15:50.240> they<00:15:50.360> can<00:15:50.600> succeed<00:15:51.399> can<00:15:51.519> go<00:15:51.680> a<00:15:51.920> very align:start position:0% sure that they can succeed can go a very align:start position:0% sure that they can succeed can go a very long<00:15:52.560> way<00:15:53.279> to<00:15:53.519> ensuring<00:15:54.440> that<00:15:54.639> there<00:15:54.800> is<00:15:55.360> not align:start position:0% long way to ensuring that there is not align:start position:0% long way to ensuring that there is not just<00:15:55.800> competition<00:15:56.279> at<00:15:56.399> the<00:15:56.560> model<00:15:57.040> level<00:15:57.399> but align:start position:0% just competition at the model level but align:start position:0% just competition at the model level but competition<00:15:58.079> for<00:15:58.279> those<00:15:58.440> who<00:15:58.560> develop<00:15:59.000> on<00:15:59.160> top align:start position:0% competition for those who develop on top align:start position:0% competition for those who develop on top of<00:15:59.440> models<00:16:00.040> can<00:16:00.160> you<00:16:00.319> con<00:16:00.720> comment<00:16:01.040> on<00:16:01.319> how<00:16:01.720> AI align:start position:0% of models can you con comment on how AI align:start position:0% of models can you con comment on how AI connects<00:16:02.560> to<00:16:03.240> you<00:16:03.360> know<00:16:03.519> the<00:16:03.680> two<00:16:04.120> US<00:16:04.480> versus align:start position:0% connects to you know the two US versus align:start position:0% connects to you know the two US versus Google<00:16:05.319> lawsuits<00:16:05.959> and<00:16:06.560> your<00:16:06.720> USV<00:16:07.680> Apple align:start position:0% Google lawsuits and your USV Apple align:start position:0% Google lawsuits and your USV Apple lawsuit<00:16:08.639> that<00:16:09.000> uh<00:16:09.199> was<00:16:09.360> filed<00:16:09.680> in<00:16:09.800> the<00:16:10.120> spring align:start position:0% lawsuit that uh was filed in the spring align:start position:0% lawsuit that uh was filed in the spring so<00:16:11.319> I<00:16:11.440> can't<00:16:11.639> talk<00:16:11.800> about<00:16:12.000> our<00:16:12.240> Active<00:16:12.600> cases align:start position:0% so I can't talk about our Active cases align:start position:0% so I can't talk about our Active cases but<00:16:13.199> what<00:16:13.360> I<00:16:13.519> can<00:16:13.800> say<00:16:14.079> is<00:16:14.319> that<00:16:14.680> we<00:16:14.800> want<00:16:15.000> to align:start position:0% but what I can say is that we want to align:start position:0% but what I can say is that we want to make<00:16:15.360> sure<00:16:15.759> that<00:16:15.920> the<00:16:16.120> next<00:16:17.040> technological align:start position:0% make sure that the next technological align:start position:0% make sure that the next technological inflection<00:16:18.360> points<00:16:19.319> particularly align:start position:0% inflection points particularly align:start position:0% inflection points particularly surrounding<00:16:20.519> AI<00:16:21.399> have<00:16:21.639> the<00:16:21.800> opportunity<00:16:22.319> to align:start position:0% surrounding AI have the opportunity to align:start position:0% surrounding AI have the opportunity to usher<00:16:22.920> in<00:16:23.240> new<00:16:23.519> generation<00:16:24.000> of<00:16:24.240> competitors align:start position:0% usher in new generation of competitors align:start position:0% usher in new generation of competitors our<00:16:25.560> cases<00:16:26.079> and<00:16:26.199> if<00:16:26.319> you<00:16:26.480> read<00:16:26.680> them<00:16:26.920> carefully align:start position:0% our cases and if you read them carefully align:start position:0% our cases and if you read them carefully they're<00:16:28.079> designed<00:16:28.560> to<00:16:28.959> protect<00:16:29.319> the<00:16:29.480> ability align:start position:0% they're designed to protect the ability align:start position:0% they're designed to protect the ability of<00:16:30.199> others<00:16:31.160> especially<00:16:32.160> um<00:16:32.360> new<00:16:32.720> Innovative align:start position:0% of others especially um new Innovative align:start position:0% of others especially um new Innovative startups<00:16:33.759> to<00:16:34.079> compete<00:16:34.519> and<00:16:34.680> realize<00:16:35.120> the align:start position:0% startups to compete and realize the align:start position:0% startups to compete and realize the fruits<00:16:35.519> of<00:16:35.680> their<00:16:35.880> Investments<00:16:36.880> those<00:16:37.000> are align:start position:0% fruits of their Investments those are align:start position:0% fruits of their Investments those are the<00:16:37.480> the<00:16:38.000> underlying<00:16:39.000> um<00:16:39.480> um<00:16:39.720> Concepts<00:16:40.240> that align:start position:0% the the underlying um um Concepts that align:start position:0% the the underlying um um Concepts that animate<00:16:40.800> our<00:16:41.120> cases<00:16:42.120> and<00:16:42.279> so<00:16:42.880> um<00:16:43.040> to<00:16:43.199> the align:start position:0% animate our cases and so um to the align:start position:0% animate our cases and so um to the extent<00:16:43.759> that<00:16:44.160> um<00:16:44.360> many<00:16:44.600> of<00:16:44.759> the<00:16:44.959> new align:start position:0% extent that um many of the new align:start position:0% extent that um many of the new technological<00:16:46.240> inflection<00:16:46.839> points<00:16:47.120> that<00:16:47.199> are align:start position:0% technological inflection points that are align:start position:0% technological inflection points that are emerging<00:16:47.839> now<00:16:48.560> are<00:16:48.800> based<00:16:49.079> on<00:16:49.319> technologies align:start position:0% emerging now are based on technologies align:start position:0% emerging now are based on technologies that<00:16:50.160> revolve<00:16:50.560> around<00:16:51.199> AI<00:16:52.199> um<00:16:52.360> to<00:16:52.560> me<00:16:52.759> it's align:start position:0% that revolve around AI um to me it's align:start position:0% that revolve around AI um to me it's important<00:16:53.360> that<00:16:53.480> we<00:16:53.639> make<00:16:53.759> sure<00:16:54.040> that<00:16:54.480> not align:start position:0% important that we make sure that not align:start position:0% important that we make sure that not just<00:16:54.959> we<00:16:55.160> correct<00:16:55.560> the<00:16:55.720> Ys<00:16:56.079> of<00:16:56.240> the<00:16:56.480> past<00:16:57.079> but align:start position:0% just we correct the Ys of the past but align:start position:0% just we correct the Ys of the past but that<00:16:57.360> we<00:16:57.560> create<00:16:58.000> opportunity<00:16:58.519> for<00:16:58.959> those<00:16:59.199> new align:start position:0% that we create opportunity for those new align:start position:0% that we create opportunity for those new and<00:17:00.000> emerging<00:17:01.000> Technologies<00:17:01.639> many<00:17:01.839> of<00:17:01.959> which align:start position:0% and emerging Technologies many of which align:start position:0% and emerging Technologies many of which are<00:17:02.279> being<00:17:02.480> created<00:17:03.040> by<00:17:03.199> people<00:17:03.440> in<00:17:03.600> this<00:17:03.839> room align:start position:0% are being created by people in this room align:start position:0% are being created by people in this room have<00:17:04.760> the<00:17:04.919> opportunity<00:17:05.360> not<00:17:05.520> just<00:17:05.640> to<00:17:05.760> see<00:17:05.919> the align:start position:0% have the opportunity not just to see the align:start position:0% have the opportunity not just to see the light<00:17:06.240> of<00:17:06.439> day<00:17:06.799> but<00:17:06.959> to<00:17:07.120> realize<00:17:07.520> their<00:17:07.760> full align:start position:0% light of day but to realize their full align:start position:0% light of day but to realize their full competitive<00:17:08.559> and<00:17:08.760> economic<00:17:09.280> potential<00:17:09.959> with align:start position:0% competitive and economic potential with align:start position:0% competitive and economic potential with that<00:17:10.280> let's<00:17:10.480> open<00:17:10.679> it<00:17:10.839> up<00:17:11.000> for<00:17:11.720> questions align:start position:0% that let's open it up for questions align:start position:0% that let's open it up for questions thanks<00:17:13.400> uh<00:17:13.559> my<00:17:13.679> name<00:17:13.799> is<00:17:13.959> Eric<00:17:14.720> um<00:17:15.679> really align:start position:0% thanks uh my name is Eric um really align:start position:0% thanks uh my name is Eric um really appreciate<00:17:16.360> the<00:17:16.480> work<00:17:16.640> that<00:17:16.720> you've<00:17:16.880> been align:start position:0% appreciate the work that you've been align:start position:0% appreciate the work that you've been doing<00:17:17.120> on<00:17:17.240> the<00:17:17.360> Apple<00:17:17.679> front<00:17:18.319> uh<00:17:18.439> I<00:17:18.520> started align:start position:0% doing on the Apple front uh I started align:start position:0% doing on the Apple front uh I started two<00:17:19.240> companies<00:17:19.600> that<00:17:19.679> are<00:17:19.839> relevant<00:17:20.520> in<00:17:20.640> that align:start position:0% two companies that are relevant in that align:start position:0% two companies that are relevant in that space<00:17:21.079> a<00:17:21.199> smartwatch<00:17:21.720> company<00:17:22.120> and<00:17:22.240> a align:start position:0% space a smartwatch company and a align:start position:0% space a smartwatch company and a messaging<00:17:22.880> company<00:17:23.600> I<00:17:23.720> know<00:17:23.839> that<00:17:23.959> you<00:17:24.079> can't align:start position:0% messaging company I know that you can't align:start position:0% messaging company I know that you can't comment<00:17:24.720> directly<00:17:25.000> on<00:17:25.120> the<00:17:25.280> case<00:17:25.640> but<00:17:26.120> for align:start position:0% comment directly on the case but for align:start position:0% comment directly on the case but for people<00:17:26.720> who<00:17:26.880> have<00:17:27.319> uh<00:17:27.480> let's<00:17:27.679> just<00:17:27.839> say<00:17:28.160> much align:start position:0% people who have uh let's just say much align:start position:0% people who have uh let's just say much less<00:17:28.520> of<00:17:28.600> a<00:17:29.280> background<00:17:30.280> what<00:17:30.400> can<00:17:30.559> we<00:17:30.760> expect align:start position:0% less of a background what can we expect align:start position:0% less of a background what can we expect like<00:17:31.679> what<00:17:31.799> are<00:17:31.919> the<00:17:32.039> major<00:17:32.360> Milestones<00:17:33.000> that align:start position:0% like what are the major Milestones that align:start position:0% like what are the major Milestones that you<00:17:33.280> see<00:17:33.640> over<00:17:33.840> the<00:17:34.120> over<00:17:34.280> the<00:17:34.400> coming<00:17:34.880> you align:start position:0% you see over the over the coming you align:start position:0% you see over the over the coming you know<00:17:35.160> months<00:17:35.600> years<00:17:36.080> in<00:17:36.320> that<00:17:36.840> uh<00:17:37.520> in<00:17:37.720> that align:start position:0% know months years in that uh in that align:start position:0% know months years in that uh in that type<00:17:38.080> of<00:17:38.160> a<00:17:38.320> case<00:17:38.559> for<00:17:38.799> example<00:17:39.799> um<00:17:39.960> and<00:17:40.039> then align:start position:0% type of a case for example um and then align:start position:0% type of a case for example um and then the<00:17:40.320> second<00:17:40.640> question<00:17:41.000> is<00:17:41.840> are<00:17:42.039> there<00:17:42.280> can<00:17:42.400> you align:start position:0% the second question is are there can you align:start position:0% the second question is are there can you think<00:17:42.679> of<00:17:42.799> any<00:17:43.039> examples<00:17:43.520> of<00:17:43.679> enforcement align:start position:0% think of any examples of enforcement align:start position:0% think of any examples of enforcement actions<00:17:44.679> that<00:17:44.880> you<00:17:45.000> might<00:17:45.200> ask<00:17:45.440> the<00:17:45.600> courts<00:17:46.200> in align:start position:0% actions that you might ask the courts in align:start position:0% actions that you might ask the courts in in<00:17:46.840> this<00:17:47.120> or<00:17:47.320> or<00:17:47.559> s<00:17:48.200> or<00:17:48.400> similar<00:17:48.799> cases<00:17:49.559> sure<00:17:50.000> so align:start position:0% in this or or s or similar cases sure so align:start position:0% in this or or s or similar cases sure so um<00:17:51.200> let<00:17:51.320> me<00:17:51.520> start<00:17:51.880> kind<00:17:52.039> of<00:17:52.240> with<00:17:52.880> an align:start position:0% um let me start kind of with an align:start position:0% um let me start kind of with an animating<00:17:53.559> principle<00:17:53.960> that<00:17:54.120> cuts<00:17:54.320> through<00:17:54.480> a align:start position:0% animating principle that cuts through a align:start position:0% animating principle that cuts through a lot<00:17:54.679> of<00:17:54.760> our<00:17:54.960> cases<00:17:55.320> and<00:17:55.440> you<00:17:55.520> can<00:17:55.640> see<00:17:55.840> it<00:17:55.919> in align:start position:0% lot of our cases and you can see it in align:start position:0% lot of our cases and you can see it in some<00:17:56.159> of<00:17:56.280> the<00:17:56.400> cases<00:17:56.640> you<00:17:56.799> mentioned<00:17:57.159> you<00:17:57.280> can align:start position:0% some of the cases you mentioned you can align:start position:0% some of the cases you mentioned you can see<00:17:57.679> of<00:17:58.159> some<00:17:58.280> of<00:17:58.360> our<00:17:58.480> recent<00:17:58.919> cases align:start position:0% see of some of our recent cases align:start position:0% see of some of our recent cases involving<00:17:59.679> concert<00:18:00.039> tickets<00:18:00.360> and<00:18:00.520> other<00:18:01.080> a align:start position:0% involving concert tickets and other a align:start position:0% involving concert tickets and other a lot<00:18:01.280> of<00:18:01.400> our<00:18:01.600> cases<00:18:02.039> focus<00:18:02.400> on<00:18:02.960> Moes<00:18:03.960> Moes<00:18:04.600> that align:start position:0% lot of our cases focus on Moes Moes that align:start position:0% lot of our cases focus on Moes Moes that uh<00:18:05.280> entrench<00:18:05.840> Monopoly<00:18:06.440> power<00:18:07.280> and<00:18:07.360> so<00:18:07.640> rather align:start position:0% uh entrench Monopoly power and so rather align:start position:0% uh entrench Monopoly power and so rather than<00:18:08.080> just<00:18:08.280> thinking<00:18:08.640> about<00:18:09.039> how<00:18:09.200> does<00:18:09.400> a align:start position:0% than just thinking about how does a align:start position:0% than just thinking about how does a monopoly<00:18:10.000> in<00:18:10.159> one<00:18:10.320> market<00:18:10.640> lead<00:18:10.880> to<00:18:11.080> another<00:18:12.039> a align:start position:0% monopoly in one market lead to another a align:start position:0% monopoly in one market lead to another a lot<00:18:12.320> of<00:18:12.440> the<00:18:12.600> fact<00:18:12.919> patterns<00:18:13.320> that<00:18:13.440> we're align:start position:0% lot of the fact patterns that we're align:start position:0% lot of the fact patterns that we're confronting<00:18:14.960> involve<00:18:15.960> um<00:18:16.240> how<00:18:16.360> do<00:18:16.600> some<00:18:16.760> of align:start position:0% confronting involve um how do some of align:start position:0% confronting involve um how do some of these<00:18:17.600> technologies<00:18:18.240> that<00:18:18.360> you're<00:18:18.559> talking align:start position:0% these technologies that you're talking align:start position:0% these technologies that you're talking about<00:18:19.400> some<00:18:19.720> that<00:18:19.840> you<00:18:19.919> have<00:18:20.159> experience<00:18:20.840> with align:start position:0% about some that you have experience with align:start position:0% about some that you have experience with have<00:18:21.600> the<00:18:21.760> potential<00:18:22.240> not<00:18:22.400> to<00:18:22.600> just<00:18:23.280> create align:start position:0% have the potential not to just create align:start position:0% have the potential not to just create new<00:18:23.960> markets<00:18:24.320> of<00:18:24.520> their<00:18:24.720> own<00:18:25.520> but<00:18:25.679> to<00:18:25.960> Rel align:start position:0% new markets of their own but to Rel align:start position:0% new markets of their own but to Rel relieve<00:18:27.919> and<00:18:28.080> reduce<00:18:28.400> the<00:18:28.960> dependence<00:18:29.960> on<00:18:30.440> the align:start position:0% relieve and reduce the dependence on the align:start position:0% relieve and reduce the dependence on the massive<00:18:31.520> um<00:18:31.679> tech<00:18:31.960> companies<00:18:32.600> or<00:18:32.919> monopolies align:start position:0% massive um tech companies or monopolies align:start position:0% massive um tech companies or monopolies um<00:18:34.080> in<00:18:34.159> the<00:18:34.280> middle<00:18:35.080> and<00:18:35.200> so<00:18:35.440> a<00:18:35.559> lot<00:18:35.720> of<00:18:35.919> our align:start position:0% um in the middle and so a lot of our align:start position:0% um in the middle and so a lot of our cases<00:18:36.600> are<00:18:36.840> about<00:18:37.120> those<00:18:37.320> flywheels<00:18:38.039> those align:start position:0% cases are about those flywheels those align:start position:0% cases are about those flywheels those Moes<00:18:38.640> those<00:18:38.799> feedback<00:18:39.440> effects<00:18:40.440> that<00:18:40.679> might align:start position:0% Moes those feedback effects that might align:start position:0% Moes those feedback effects that might insulate<00:18:42.280> um<00:18:42.440> those<00:18:42.640> core<00:18:42.960> monopolies<00:18:43.520> from align:start position:0% insulate um those core monopolies from align:start position:0% insulate um those core monopolies from competition<00:18:44.600> and<00:18:44.799> allow<00:18:45.080> them<00:18:45.200> to<00:18:45.440> continue align:start position:0% competition and allow them to continue align:start position:0% competition and allow them to continue to<00:18:46.159> extract<00:18:47.039> and<00:18:47.200> stifle<00:18:47.840> Innovation<00:18:48.840> so<00:18:49.159> what align:start position:0% to extract and stifle Innovation so what align:start position:0% to extract and stifle Innovation so what you<00:18:49.400> can<00:18:49.760> expect<00:18:50.240> throughout<00:18:50.600> our align:start position:0% you can expect throughout our align:start position:0% you can expect throughout our enforcement<00:18:51.360> of<00:18:51.520> these<00:18:51.679> current<00:18:52.080> cases<00:18:52.440> but align:start position:0% enforcement of these current cases but align:start position:0% enforcement of these current cases but also<00:18:52.840> in<00:18:52.960> the<00:18:53.159> future<00:18:54.159> are<00:18:54.880> um<00:18:55.200> the<00:18:55.360> anti<00:18:55.679> trust align:start position:0% also in the future are um the anti trust align:start position:0% also in the future are um the anti trust division<00:18:56.200> the<00:18:56.520> doj<00:18:57.520> uh<00:18:57.640> my<00:18:57.840> team<00:18:58.200> fighting<00:18:58.799> for align:start position:0% division the doj uh my team fighting for align:start position:0% division the doj uh my team fighting for um<00:19:00.440> uh<00:19:00.840> competition<00:19:01.520> to<00:19:01.919> open<00:19:02.200> up<00:19:02.960> with align:start position:0% um uh competition to open up with align:start position:0% um uh competition to open up with respect<00:19:03.480> to<00:19:03.760> those<00:19:04.200> practices<00:19:04.760> that<00:19:04.919> deep<00:19:05.159> in align:start position:0% respect to those practices that deep in align:start position:0% respect to those practices that deep in the<00:19:05.440> moat<00:19:06.240> uh<00:19:06.320> to<00:19:06.520> allow<00:19:07.080> those<00:19:07.840> technological align:start position:0% the moat uh to allow those technological align:start position:0% the moat uh to allow those technological disruptors<00:19:09.679> to<00:19:10.039> create<00:19:11.039> um<00:19:11.360> New align:start position:0% disruptors to create um New align:start position:0% disruptors to create um New Opportunities<00:19:12.200> and<00:19:12.400> reduce<00:19:13.080> dependence<00:19:14.080> uh align:start position:0% Opportunities and reduce dependence uh align:start position:0% Opportunities and reduce dependence uh and<00:19:14.360> I<00:19:14.480> think<00:19:14.799> the<00:19:14.919> cases<00:19:15.200> that<00:19:15.320> you'll<00:19:15.480> see<00:19:15.640> in align:start position:0% and I think the cases that you'll see in align:start position:0% and I think the cases that you'll see in the<00:19:15.880> future<00:19:16.240> and<00:19:16.400> the<00:19:16.520> kinds<00:19:16.679> of<00:19:16.840> remedies align:start position:0% the future and the kinds of remedies align:start position:0% the future and the kinds of remedies that<00:19:17.400> we're<00:19:17.520> going<00:19:17.600> to<00:19:17.840> demand<00:19:18.840> um<00:19:19.000> shall<00:19:19.320> we align:start position:0% that we're going to demand um shall we align:start position:0% that we're going to demand um shall we if<00:19:19.679> we're<00:19:19.919> successful<00:19:20.919> we'll<00:19:21.200> focus<00:19:21.799> on<00:19:22.240> on align:start position:0% if we're successful we'll focus on on align:start position:0% if we're successful we'll focus on on that<00:19:22.760> core<00:19:23.360> um<00:19:24.039> uh align:start position:0% that core um uh align:start position:0% that core um uh Vision<00:19:26.520> awesome<00:19:26.880> thank<00:19:27.080> you<00:19:27.520> hi<00:19:27.760> I'm<00:19:27.960> Angela align:start position:0% Vision awesome thank you hi I'm Angela align:start position:0% Vision awesome thank you hi I'm Angela and<00:19:28.760> and<00:19:29.000> I'm<00:19:29.159> working<00:19:29.440> on<00:19:29.640> Andy<00:19:30.039> it's<00:19:30.159> an<00:19:30.360> AI align:start position:0% and and I'm working on Andy it's an AI align:start position:0% and and I'm working on Andy it's an AI search<00:19:30.960> engine<00:19:31.880> um<00:19:32.240> I<00:19:32.600> especially<00:19:33.080> loved<00:19:33.440> the align:start position:0% search engine um I especially loved the align:start position:0% search engine um I especially loved the comments<00:19:33.960> you<00:19:34.120> said<00:19:34.480> about<00:19:35.159> regulating align:start position:0% comments you said about regulating align:start position:0% comments you said about regulating monopolies<00:19:36.679> and<00:19:36.919> promoting<00:19:37.640> competition<00:19:38.640> and align:start position:0% monopolies and promoting competition and align:start position:0% monopolies and promoting competition and my<00:19:39.440> question<00:19:39.679> for<00:19:39.960> you<00:19:40.320> is<00:19:40.880> one<00:19:41.080> thing<00:19:41.280> we align:start position:0% my question for you is one thing we align:start position:0% my question for you is one thing we noticed<00:19:42.000> with<00:19:42.280> Google<00:19:42.679> is<00:19:42.840> we<00:19:43.000> think<00:19:43.159> that align:start position:0% noticed with Google is we think that align:start position:0% noticed with Google is we think that they<00:19:43.440> have<00:19:43.600> a<00:19:43.760> browser<00:19:44.159> Monopoly<00:19:44.840> not<00:19:45.000> a align:start position:0% they have a browser Monopoly not a align:start position:0% they have a browser Monopoly not a search<00:19:45.360> Monopoly<00:19:45.919> anymore<00:19:46.640> and<00:19:46.760> so<00:19:47.039> for<00:19:47.600> AI<00:19:48.000> I align:start position:0% search Monopoly anymore and so for AI I align:start position:0% search Monopoly anymore and so for AI I think<00:19:48.240> there's<00:19:48.440> this<00:19:48.640> huge<00:19:48.960> potential<00:19:49.360> to align:start position:0% think there's this huge potential to align:start position:0% think there's this huge potential to unlock<00:19:50.600> um<00:19:50.799> more<00:19:51.320> opportunities<00:19:51.840> in align:start position:0% unlock um more opportunities in align:start position:0% unlock um more opportunities in competition<00:19:53.000> and<00:19:53.200> how<00:19:53.320> do<00:19:53.440> you<00:19:53.559> think<00:19:53.760> that<00:19:53.880> we align:start position:0% competition and how do you think that we align:start position:0% competition and how do you think that we can<00:19:54.240> prevent<00:19:55.159> uh<00:19:55.320> a<00:19:55.440> monopoly<00:19:56.000> from<00:19:56.240> rising<00:19:56.559> up align:start position:0% can prevent uh a monopoly from rising up align:start position:0% can prevent uh a monopoly from rising up again<00:19:57.039> when<00:19:57.159> it<00:19:57.280> comes<00:19:57.480> to<00:19:57.640> AI<00:19:58.039> specifically align:start position:0% again when it comes to AI specifically align:start position:0% again when it comes to AI specifically I<00:19:59.280> think<00:19:59.440> we<00:19:59.600> have<00:19:59.679> to<00:19:59.880> study<00:20:00.280> the<00:20:00.480> past<00:20:00.720> and align:start position:0% I think we have to study the past and align:start position:0% I think we have to study the past and learn<00:20:01.159> from<00:20:01.360> it<00:20:01.840> right<00:20:02.080> and<00:20:02.200> so<00:20:02.440> I<00:20:02.559> think<00:20:02.799> part align:start position:0% learn from it right and so I think part align:start position:0% learn from it right and so I think part of<00:20:03.080> it<00:20:03.240> goes<00:20:03.480> to<00:20:03.840> okay<00:20:04.080> what<00:20:04.240> are<00:20:04.559> the<00:20:05.320> the<00:20:05.559> core align:start position:0% of it goes to okay what are the the core align:start position:0% of it goes to okay what are the the core elements<00:20:06.799> of<00:20:06.919> a<00:20:07.120> monopoly<00:20:08.120> in<00:20:08.240> the<00:20:08.360> tech<00:20:08.640> bace align:start position:0% elements of a monopoly in the tech bace align:start position:0% elements of a monopoly in the tech bace and<00:20:09.080> again<00:20:09.320> this<00:20:09.480> kind<00:20:09.600> of<00:20:09.720> goes<00:20:09.880> to<00:20:10.120> the align:start position:0% and again this kind of goes to the align:start position:0% and again this kind of goes to the Eric's<00:20:10.880> question<00:20:11.120> and<00:20:11.240> my<00:20:11.440> answer<00:20:11.840> which<00:20:12.000> is align:start position:0% Eric's question and my answer which is align:start position:0% Eric's question and my answer which is um<00:20:13.480> it's<00:20:13.640> more<00:20:13.880> often<00:20:14.200> than<00:20:14.400> not<00:20:14.799> the<00:20:14.960> feedback align:start position:0% um it's more often than not the feedback align:start position:0% um it's more often than not the feedback effect<00:20:16.200> where<00:20:16.360> is<00:20:16.559> the<00:20:16.760> inflection<00:20:17.200> point align:start position:0% effect where is the inflection point align:start position:0% effect where is the inflection point coming<00:20:17.840> from<00:20:18.760> and<00:20:18.960> what<00:20:19.080> are<00:20:19.240> the<00:20:19.440> assets<00:20:19.760> that align:start position:0% coming from and what are the assets that align:start position:0% coming from and what are the assets that a<00:20:20.039> company<00:20:20.360> might<00:20:20.559> own<00:20:20.840> in<00:20:20.960> order<00:20:21.159> to<00:20:21.400> protect align:start position:0% a company might own in order to protect align:start position:0% a company might own in order to protect those<00:20:22.039> new<00:20:22.240> competitors<00:20:22.799> from<00:20:23.039> emerging align:start position:0% those new competitors from emerging align:start position:0% those new competitors from emerging right<00:20:24.120> and<00:20:24.280> so<00:20:25.200> um<00:20:25.360> you'll<00:20:25.559> see<00:20:25.840> for<00:20:26.000> example align:start position:0% right and so um you'll see for example align:start position:0% right and so um you'll see for example in<00:20:26.440> some<00:20:26.559> of<00:20:26.679> our<00:20:26.880> cases<00:20:27.280> involving<00:20:27.799> things align:start position:0% in some of our cases involving things align:start position:0% in some of our cases involving things like<00:20:28.200> sech<00:20:28.760> that<00:20:28.880> we<00:20:29.000> talk<00:20:29.200> about<00:20:29.640> browsers<00:20:30.640> um align:start position:0% like sech that we talk about browsers um align:start position:0% like sech that we talk about browsers um that<00:20:30.960> we<00:20:31.159> talk<00:20:31.400> about<00:20:31.919> um<00:20:32.039> the<00:20:32.159> kinds<00:20:32.360> of align:start position:0% that we talk about um the kinds of align:start position:0% that we talk about um the kinds of advertising<00:20:33.120> technology<00:20:33.679> that<00:20:33.840> might<00:20:34.039> create align:start position:0% advertising technology that might create align:start position:0% advertising technology that might create interoperability<00:20:35.880> and<00:20:36.080> Mobility<00:20:36.720> for<00:20:37.320> folks align:start position:0% interoperability and Mobility for folks align:start position:0% interoperability and Mobility for folks who<00:20:37.760> want<00:20:37.880> to<00:20:38.120> participate<00:20:38.559> in<00:20:38.679> multiple align:start position:0% who want to participate in multiple align:start position:0% who want to participate in multiple ecosystems<00:20:40.200> we<00:20:40.360> talk<00:20:40.600> about<00:20:40.840> messaging<00:20:41.480> and align:start position:0% ecosystems we talk about messaging and align:start position:0% ecosystems we talk about messaging and other<00:20:41.919> kinds<00:20:42.120> of<00:20:42.320> technologies<00:20:42.960> that<00:20:43.200> again align:start position:0% other kinds of technologies that again align:start position:0% other kinds of technologies that again um<00:20:44.360> allow<00:20:44.760> people<00:20:45.000> to<00:20:45.240> Mo<00:20:45.679> move<00:20:46.080> cross align:start position:0% um allow people to Mo move cross align:start position:0% um allow people to Mo move cross platforms<00:20:47.400> and<00:20:47.679> create<00:20:47.960> the<00:20:48.159> kind<00:20:48.400> of<00:20:49.200> um align:start position:0% platforms and create the kind of um align:start position:0% platforms and create the kind of um technological<00:20:50.760> um<00:20:50.960> Innovation<00:20:51.600> that<00:20:51.840> we align:start position:0% technological um Innovation that we align:start position:0% technological um Innovation that we believe<00:20:52.280> is<00:20:52.480> important<00:20:53.159> so<00:20:54.080> um<00:20:54.520> that's<00:20:54.799> kind align:start position:0% believe is important so um that's kind align:start position:0% believe is important so um that's kind of<00:20:55.360> how<00:20:55.520> we're<00:20:55.720> thinking<00:20:56.039> about<00:20:56.240> it<00:20:57.039> but<00:20:57.640> our align:start position:0% of how we're thinking about it but our align:start position:0% of how we're thinking about it but our starting<00:20:58.240> point<00:20:58.679> in<00:20:58.880> every<00:20:59.679> case<00:21:00.000> now<00:21:00.320> is<00:21:00.799> what align:start position:0% starting point in every case now is what align:start position:0% starting point in every case now is what is<00:21:01.120> the<00:21:01.240> core<00:21:01.520> Monopoly<00:21:02.080> and<00:21:02.240> does<00:21:02.440> the align:start position:0% is the core Monopoly and does the align:start position:0% is the core Monopoly and does the conduct<00:21:03.320> insulate<00:21:03.760> that<00:21:03.919> core<00:21:04.159> Monopoly<00:21:04.679> from align:start position:0% conduct insulate that core Monopoly from align:start position:0% conduct insulate that core Monopoly from legitimate<00:21:06.200> um<00:21:06.360> Innovative align:start position:0% legitimate um Innovative align:start position:0% legitimate um Innovative competition<00:21:08.720> uh<00:21:08.960> hi<00:21:09.120> my<00:21:09.240> name<00:21:09.360> is<00:21:09.480> Jeremy align:start position:0% competition uh hi my name is Jeremy align:start position:0% competition uh hi my name is Jeremy Nixon<00:21:10.559> um<00:21:11.039> I'm<00:21:11.200> the<00:21:11.320> founder<00:21:11.640> of<00:21:11.880> AGI<00:21:12.400> house align:start position:0% Nixon um I'm the founder of AGI house align:start position:0% Nixon um I'm the founder of AGI house which<00:21:12.760> is<00:21:12.919> this<00:21:13.400> very<00:21:14.080> charismatic<00:21:14.960> you<00:21:15.080> know align:start position:0% which is this very charismatic you know align:start position:0% which is this very charismatic you know community<00:21:15.640> of<00:21:15.840> hackers<00:21:16.679> and<00:21:17.039> we<00:21:17.159> all<00:21:17.559> have align:start position:0% community of hackers and we all have align:start position:0% community of hackers and we all have some<00:21:18.080> complex<00:21:18.440> beliefs<00:21:18.720> about<00:21:18.880> monopolies<00:21:19.840> um align:start position:0% some complex beliefs about monopolies um align:start position:0% some complex beliefs about monopolies um specifically<00:21:20.720> Google<00:21:21.000> brain<00:21:21.799> uh<00:21:21.960> where<00:21:22.039> I align:start position:0% specifically Google brain uh where I align:start position:0% specifically Google brain uh where I worked<00:21:22.360> for<00:21:22.559> three<00:21:22.679> and<00:21:22.720> a<00:21:22.840> half<00:21:23.000> years<00:21:23.360> is align:start position:0% worked for three and a half years is align:start position:0% worked for three and a half years is responsible<00:21:24.000> for<00:21:24.159> the<00:21:24.240> creation<00:21:24.520> of<00:21:24.600> the align:start position:0% responsible for the creation of the align:start position:0% responsible for the creation of the Transformer<00:21:25.279> and<00:21:25.400> of<00:21:25.559> sequence<00:21:25.880> to<00:21:26.039> sequence align:start position:0% Transformer and of sequence to sequence align:start position:0% Transformer and of sequence to sequence and<00:21:26.480> of<00:21:26.640> Bert<00:21:27.360> and<00:21:27.559> certainly<00:21:28.360> with<00:21:28.640> sort<00:21:28.799> of align:start position:0% and of Bert and certainly with sort of align:start position:0% and of Bert and certainly with sort of paid<00:21:29.120> for<00:21:29.400> with<00:21:29.600> you<00:21:29.679> know<00:21:29.840> Monopoly<00:21:30.279> money<00:21:31.080> um align:start position:0% paid for with you know Monopoly money um align:start position:0% paid for with you know Monopoly money um I<00:21:31.559> would<00:21:31.720> say<00:21:31.960> similar<00:21:32.240> story<00:21:32.440> for<00:21:32.600> Bell<00:21:32.799> Labs align:start position:0% I would say similar story for Bell Labs align:start position:0% I would say similar story for Bell Labs it<00:21:33.640> seems<00:21:34.000> like<00:21:34.200> a<00:21:34.360> lot<00:21:34.559> of<00:21:34.799> these<00:21:34.960> monopolies align:start position:0% it seems like a lot of these monopolies align:start position:0% it seems like a lot of these monopolies do<00:21:36.159> sometimes<00:21:36.480> use<00:21:37.039> their<00:21:37.640> resources<00:21:38.360> for align:start position:0% do sometimes use their resources for align:start position:0% do sometimes use their resources for enabling<00:21:39.919> you<00:21:40.039> know<00:21:40.200> basic<00:21:40.440> research<00:21:40.720> and align:start position:0% enabling you know basic research and align:start position:0% enabling you know basic research and technological<00:21:41.400> progress<00:21:42.240> and<00:21:42.400> so<00:21:42.960> do<00:21:43.080> you align:start position:0% technological progress and so do you align:start position:0% technological progress and so do you have<00:21:43.360> a<00:21:43.679> complex<00:21:44.200> take<00:21:44.679> on<00:21:45.120> how<00:21:45.240> to<00:21:45.400> make<00:21:45.600> sure align:start position:0% have a complex take on how to make sure align:start position:0% have a complex take on how to make sure that<00:21:46.120> that<00:21:46.240> kind<00:21:46.400> of<00:21:46.520> thing<00:21:46.679> is<00:21:46.880> possible<00:21:47.679> uh align:start position:0% that that kind of thing is possible uh align:start position:0% that that kind of thing is possible uh similar<00:21:48.159> story<00:21:48.520> I<00:21:48.679> guess<00:21:49.039> um<00:21:49.279> if<00:21:49.400> Monopoly align:start position:0% similar story I guess um if Monopoly align:start position:0% similar story I guess um if Monopoly profits<00:21:50.200> aren't<00:21:50.480> available<00:21:50.799> or<00:21:50.919> at<00:21:51.000> least align:start position:0% profits aren't available or at least align:start position:0% profits aren't available or at least like<00:21:51.320> competitive<00:21:51.720> profits<00:21:51.960> aren't align:start position:0% like competitive profits aren't align:start position:0% like competitive profits aren't available<00:21:52.400> for<00:21:52.559> a<00:21:52.679> company<00:21:52.919> like<00:21:53.039> open<00:21:53.279> aai<00:21:53.880> to align:start position:0% available for a company like open aai to align:start position:0% available for a company like open aai to take<00:21:54.279> billions<00:21:54.600> of<00:21:54.760> dollars<00:21:55.039> to<00:21:55.159> create<00:21:55.400> large align:start position:0% take billions of dollars to create large align:start position:0% take billions of dollars to create large compute<00:21:56.000> clusters<00:21:56.679> just<00:21:56.799> to<00:21:57.000> have<00:21:57.120> it<00:21:57.440> be align:start position:0% compute clusters just to have it be align:start position:0% compute clusters just to have it be Whitted<00:21:58.240> away<00:21:58.640> by<00:21:58.840> meta<00:21:59.159> relasing<00:21:59.960> 305b<00:22:00.960> um align:start position:0% Whitted away by meta relasing 305b um align:start position:0% Whitted away by meta relasing 305b um how<00:22:01.320> can<00:22:01.480> we<00:22:01.679> have<00:22:01.840> VCS<00:22:02.360> who<00:22:02.520> will<00:22:02.720> be align:start position:0% how can we have VCS who will be align:start position:0% how can we have VCS who will be interested<00:22:03.240> in<00:22:03.440> investing<00:22:03.880> in<00:22:04.000> the<00:22:04.159> creation align:start position:0% interested in investing in the creation align:start position:0% interested in investing in the creation of<00:22:04.600> the<00:22:04.720> next<00:22:04.960> Super<00:22:05.320> cluster<00:22:05.640> which<00:22:05.799> creates align:start position:0% of the next Super cluster which creates align:start position:0% of the next Super cluster which creates the<00:22:06.279> next<00:22:06.640> great<00:22:06.840> model<00:22:07.720> um<00:22:08.039> very<00:22:08.279> complex align:start position:0% the next great model um very complex align:start position:0% the next great model um very complex questions<00:22:09.080> but<00:22:09.279> hopefully<00:22:09.600> you<00:22:09.679> have<00:22:09.919> some align:start position:0% questions but hopefully you have some align:start position:0% questions but hopefully you have some sense<00:22:10.320> of<00:22:10.640> yeah<00:22:10.840> I<00:22:10.919> mean<00:22:11.159> no<00:22:11.279> that's<00:22:11.400> great align:start position:0% sense of yeah I mean no that's great align:start position:0% sense of yeah I mean no that's great they're<00:22:11.919> great<00:22:12.120> questions<00:22:12.520> so<00:22:12.799> first<00:22:13.000> let<00:22:13.120> me align:start position:0% they're great questions so first let me align:start position:0% they're great questions so first let me be<00:22:13.400> very<00:22:13.600> clear<00:22:14.000> we<00:22:14.120> are<00:22:14.320> not<00:22:14.679> against align:start position:0% be very clear we are not against align:start position:0% be very clear we are not against companies<00:22:16.200> succeeding<00:22:16.919> and<00:22:17.159> growing<00:22:18.159> we<00:22:18.279> just align:start position:0% companies succeeding and growing we just align:start position:0% companies succeeding and growing we just believe<00:22:18.720> that<00:22:18.960> competition<00:22:19.480> drives<00:22:19.880> them<00:22:20.039> to align:start position:0% believe that competition drives them to align:start position:0% believe that competition drives them to do<00:22:20.400> better<00:22:20.960> the<00:22:21.080> largest<00:22:21.520> companies<00:22:22.360> um<00:22:22.720> can align:start position:0% do better the largest companies um can align:start position:0% do better the largest companies um can you<00:22:23.360> know<00:22:23.600> innovate<00:22:24.200> and<00:22:24.360> bring<00:22:24.640> great<00:22:24.880> things align:start position:0% you know innovate and bring great things align:start position:0% you know innovate and bring great things to<00:22:25.279> Market<00:22:25.600> and<00:22:25.760> succeed<00:22:26.159> and<00:22:26.320> they<00:22:26.440> do<00:22:27.159> and<00:22:27.279> I align:start position:0% to Market and succeed and they do and I align:start position:0% to Market and succeed and they do and I don't<00:22:27.520> see<00:22:27.799> that<00:22:28.279> go<00:22:28.520> stopping<00:22:28.919> anytime<00:22:29.279> in align:start position:0% don't see that go stopping anytime in align:start position:0% don't see that go stopping anytime in the<00:22:29.559> near<00:22:29.880> future<00:22:30.880> um<00:22:31.000> but<00:22:31.159> what<00:22:31.279> we<00:22:31.400> do<00:22:31.559> care align:start position:0% the near future um but what we do care align:start position:0% the near future um but what we do care about<00:22:32.000> is<00:22:32.159> making<00:22:32.400> sure<00:22:32.600> that<00:22:32.760> those align:start position:0% about is making sure that those align:start position:0% about is making sure that those companies<00:22:33.400> feel<00:22:33.880> competitive<00:22:34.440> pressure<00:22:35.159> you align:start position:0% companies feel competitive pressure you align:start position:0% companies feel competitive pressure you know<00:22:35.520> to<00:22:35.679> keep<00:22:36.120> delivering<00:22:37.120> um<00:22:37.440> and<00:22:37.840> and<00:22:37.960> to align:start position:0% know to keep delivering um and and to align:start position:0% know to keep delivering um and and to keep<00:22:38.440> delivering<00:22:38.880> in<00:22:39.120> ways<00:22:39.640> that<00:22:40.279> um<00:22:40.480> perhaps align:start position:0% keep delivering in ways that um perhaps align:start position:0% keep delivering in ways that um perhaps uh<00:22:41.559> might<00:22:41.760> stretch<00:22:42.080> them<00:22:42.240> even<00:22:42.440> further<00:22:42.799> than align:start position:0% uh might stretch them even further than align:start position:0% uh might stretch them even further than they<00:22:43.120> think<00:22:43.320> they<00:22:43.440> can<00:22:43.640> go<00:22:44.200> so<00:22:44.640> that's<00:22:44.840> part<00:22:45.000> of align:start position:0% they think they can go so that's part of align:start position:0% they think they can go so that's part of what<00:22:45.200> we're<00:22:45.360> looking<00:22:45.600> at<00:22:45.840> second<00:22:46.200> is<00:22:46.760> return align:start position:0% what we're looking at second is return align:start position:0% what we're looking at second is return on<00:22:47.120> investment<00:22:47.760> again<00:22:48.279> is<00:22:48.520> also<00:22:48.880> something align:start position:0% on investment again is also something align:start position:0% on investment again is also something that<00:22:49.400> we<00:22:49.559> think<00:22:49.760> is<00:22:50.320> um<00:22:50.799> totally<00:22:51.799> um align:start position:0% that we think is um totally um align:start position:0% that we think is um totally um achievable<00:22:52.679> and<00:22:52.919> desirable<00:22:53.520> and<00:22:53.760> there<00:22:53.840> are align:start position:0% achievable and desirable and there are align:start position:0% achievable and desirable and there are plenty<00:22:54.279> companies<00:22:54.640> making<00:22:54.919> a<00:22:55.000> lot<00:22:55.159> of<00:22:55.279> money align:start position:0% plenty companies making a lot of money align:start position:0% plenty companies making a lot of money um<00:22:56.360> but<00:22:56.600> business<00:22:56.919> model<00:22:57.320> competition<00:22:57.760> is align:start position:0% um but business model competition is align:start position:0% um but business model competition is important<00:22:58.240> too<00:22:58.679> right<00:22:58.799> there<00:22:58.880> are<00:22:59.039> different align:start position:0% important too right there are different align:start position:0% important too right there are different ways<00:22:59.559> to<00:22:59.760> monetize<00:23:00.320> there<00:23:00.400> are<00:23:00.600> different align:start position:0% ways to monetize there are different align:start position:0% ways to monetize there are different ways<00:23:01.200> to<00:23:02.159> um<00:23:02.679> bring<00:23:03.400> and<00:23:03.880> and<00:23:04.039> take<00:23:04.320> value<00:23:04.720> and align:start position:0% ways to um bring and and take value and align:start position:0% ways to um bring and and take value and I<00:23:04.919> think<00:23:05.039> we<00:23:05.159> want<00:23:05.279> to<00:23:05.480> let<00:23:05.840> those<00:23:06.679> um align:start position:0% I think we want to let those um align:start position:0% I think we want to let those um Innovations<00:23:07.559> compete<00:23:07.880> with<00:23:08.000> each<00:23:08.120> other<00:23:08.320> but align:start position:0% Innovations compete with each other but align:start position:0% Innovations compete with each other but we<00:23:08.559> also<00:23:08.760> want<00:23:08.840> to<00:23:09.000> see<00:23:09.240> those<00:23:09.400> different align:start position:0% we also want to see those different align:start position:0% we also want to see those different business<00:23:10.000> models<00:23:10.360> compete<00:23:10.640> with<00:23:10.760> each<00:23:10.880> other align:start position:0% business models compete with each other align:start position:0% business models compete with each other as<00:23:11.240> well<00:23:11.960> these<00:23:12.080> are<00:23:12.240> great<00:23:12.440> questions<00:23:12.799> F<00:23:12.960> lot align:start position:0% as well these are great questions F lot align:start position:0% as well these are great questions F lot fun<00:23:13.400> thanks<00:23:13.799> isi<00:23:14.200> learner<00:23:14.679> at<00:23:15.039> jll<00:23:16.039> um<00:23:16.640> I align:start position:0% fun thanks isi learner at jll um I align:start position:0% fun thanks isi learner at jll um I really<00:23:16.960> appreciate<00:23:17.360> the<00:23:17.440> work<00:23:17.640> you<00:23:17.760> guys<00:23:17.880> are align:start position:0% really appreciate the work you guys are align:start position:0% really appreciate the work you guys are doing<00:23:18.559> or<00:23:18.720> you<00:23:18.880> all<00:23:19.039> are<00:23:19.200> doing<00:23:19.720> around<00:23:20.360> you align:start position:0% doing or you all are doing around you align:start position:0% doing or you all are doing around you know<00:23:20.919> kind<00:23:21.080> of<00:23:21.159> breaking<00:23:21.440> down<00:23:21.600> some<00:23:21.720> of<00:23:21.840> these align:start position:0% know kind of breaking down some of these align:start position:0% know kind of breaking down some of these Moes<00:23:22.679> especially<00:23:23.320> they<00:23:23.480> involve<00:23:23.840> business align:start position:0% Moes especially they involve business align:start position:0% Moes especially they involve business practices<00:23:25.120> but<00:23:25.279> the<00:23:25.480> other<00:23:25.720> side<00:23:25.880> of<00:23:26.000> it<00:23:26.159> is<00:23:26.320> we align:start position:0% practices but the other side of it is we align:start position:0% practices but the other side of it is we see<00:23:26.600> a<00:23:26.760> lot<00:23:26.960> of<00:23:27.960> I'd<00:23:28.120> say<00:23:28.679> certain<00:23:29.000> firms<00:23:29.400> using align:start position:0% see a lot of I'd say certain firms using align:start position:0% see a lot of I'd say certain firms using litigation<00:23:30.360> as<00:23:30.440> a<00:23:30.559> way<00:23:30.720> to<00:23:30.840> stifle align:start position:0% litigation as a way to stifle align:start position:0% litigation as a way to stifle competition<00:23:31.960> and<00:23:32.159> really<00:23:32.559> in<00:23:32.679> a<00:23:32.840> way<00:23:33.039> that align:start position:0% competition and really in a way that align:start position:0% competition and really in a way that they<00:23:33.640> have<00:23:33.880> Capital<00:23:34.400> that's<00:23:34.720> a<00:23:34.880> startup<00:23:35.320> does align:start position:0% they have Capital that's a startup does align:start position:0% they have Capital that's a startup does not<00:23:35.840> have<00:23:36.520> and<00:23:36.720> can<00:23:36.919> really<00:23:37.080> stifle align:start position:0% not have and can really stifle align:start position:0% not have and can really stifle competition<00:23:38.080> that<00:23:38.279> way<00:23:38.679> which<00:23:38.799> isn't<00:23:39.080> really align:start position:0% competition that way which isn't really align:start position:0% competition that way which isn't really a<00:23:39.799> a<00:23:40.320> a<00:23:40.520> technological<00:23:41.159> moat<00:23:41.559> but<00:23:41.679> it<00:23:41.760> is<00:23:41.880> a align:start position:0% a a a technological moat but it is a align:start position:0% a a a technological moat but it is a scale<00:23:42.320> moat<00:23:42.600> in<00:23:42.720> the<00:23:42.840> other<00:23:43.039> direction<00:23:43.720> yeah align:start position:0% scale moat in the other direction yeah align:start position:0% scale moat in the other direction yeah listen<00:23:44.760> um<00:23:44.919> bigger<00:23:45.200> companies<00:23:45.559> get<00:23:45.760> the<00:23:45.880> more align:start position:0% listen um bigger companies get the more align:start position:0% listen um bigger companies get the more aggressive<00:23:46.480> they<00:23:46.600> can<00:23:46.760> get<00:23:47.039> the<00:23:47.120> more<00:23:47.320> they align:start position:0% aggressive they can get the more they align:start position:0% aggressive they can get the more they can<00:23:47.559> try<00:23:47.720> to<00:23:47.880> intimidate<00:23:48.760> right<00:23:49.000> like<00:23:49.159> a<00:23:49.279> lot align:start position:0% can try to intimidate right like a lot align:start position:0% can try to intimidate right like a lot of<00:23:50.240> um<00:23:51.039> the<00:23:51.360> conduct<00:23:51.799> that<00:23:51.919> we<00:23:52.039> see<00:23:52.919> um align:start position:0% of um the conduct that we see um align:start position:0% of um the conduct that we see um throughout<00:23:53.760> the<00:23:53.960> economy<00:23:54.400> relating<00:23:54.720> to align:start position:0% throughout the economy relating to align:start position:0% throughout the economy relating to monopolies<00:23:55.480> often<00:23:55.720> resembles<00:23:56.200> bullies<00:23:56.640> and align:start position:0% monopolies often resembles bullies and align:start position:0% monopolies often resembles bullies and Bullies<00:23:57.279> can<00:23:57.480> often<00:23:57.679> throw<00:23:57.919> lawsuits<00:23:58.440> and align:start position:0% Bullies can often throw lawsuits and align:start position:0% Bullies can often throw lawsuits and other<00:23:58.720> things<00:23:58.880> your<00:23:59.080> way<00:23:59.360> I<00:23:59.440> think<00:23:59.600> it's align:start position:0% other things your way I think it's align:start position:0% other things your way I think it's important<00:24:00.159> for<00:24:00.400> us<00:24:01.320> as<00:24:02.000> um<00:24:02.720> enforcers<00:24:03.720> um align:start position:0% important for us as um enforcers um align:start position:0% important for us as um enforcers um obviously<00:24:04.279> there's<00:24:04.400> a<00:24:04.520> legal<00:24:04.840> system<00:24:05.159> people align:start position:0% obviously there's a legal system people align:start position:0% obviously there's a legal system people have<00:24:05.480> the<00:24:05.600> right<00:24:05.760> to<00:24:05.919> use<00:24:06.080> it<00:24:06.400> we<00:24:06.559> focus<00:24:06.880> on align:start position:0% have the right to use it we focus on align:start position:0% have the right to use it we focus on making<00:24:07.320> sure<00:24:07.559> that<00:24:08.000> companies<00:24:09.000> uh<00:24:09.240> are<00:24:10.240> um align:start position:0% making sure that companies uh are um align:start position:0% making sure that companies uh are um investing<00:24:11.240> to<00:24:11.400> the<00:24:11.520> greatest<00:24:11.880> extent align:start position:0% investing to the greatest extent align:start position:0% investing to the greatest extent possible<00:24:12.640> and<00:24:12.799> delivering<00:24:13.360> results<00:24:14.360> um<00:24:14.640> for align:start position:0% possible and delivering results um for align:start position:0% possible and delivering results um for the<00:24:15.080> public<00:24:15.960> uh<00:24:16.200> and<00:24:16.440> to<00:24:16.679> us<00:24:17.400> the<00:24:17.559> more align:start position:0% the public uh and to us the more align:start position:0% the public uh and to us the more competition<00:24:18.400> they<00:24:18.799> face<00:24:19.799> um<00:24:20.600> uh<00:24:20.760> and<00:24:20.919> the<00:24:21.080> more align:start position:0% competition they face um uh and the more align:start position:0% competition they face um uh and the more that<00:24:22.600> um<00:24:23.039> competitors<00:24:23.880> can<00:24:24.120> Thrive<00:24:25.000> free<00:24:25.399> from align:start position:0% that um competitors can Thrive free from align:start position:0% that um competitors can Thrive free from impediments<00:24:27.360> um<00:24:27.720> the<00:24:27.840> more<00:24:28.120> that<00:24:28.679> value<00:24:29.039> will align:start position:0% impediments um the more that value will align:start position:0% impediments um the more that value will be<00:24:29.640> given<00:24:29.960> back<00:24:30.120> to<00:24:30.240> the<00:24:30.880> public<00:24:31.880> hey<00:24:32.399> um<00:24:32.520> my align:start position:0% be given back to the public hey um my align:start position:0% be given back to the public hey um my name<00:24:32.799> is<00:24:32.960> Joe<00:24:33.240> dubet<00:24:33.919> I'm<00:24:34.200> a<00:24:34.520> founder<00:24:34.880> of<00:24:34.960> a align:start position:0% name is Joe dubet I'm a founder of a align:start position:0% name is Joe dubet I'm a founder of a company<00:24:35.399> called<00:24:36.080> Eden<00:24:37.080> my<00:24:37.240> question<00:24:37.520> for<00:24:37.720> you align:start position:0% company called Eden my question for you align:start position:0% company called Eden my question for you is<00:24:38.960> around<00:24:39.960> the<00:24:40.279> potential<00:24:40.760> conflict<00:24:41.240> between align:start position:0% is around the potential conflict between align:start position:0% is around the potential conflict between competition<00:24:42.799> and<00:24:43.080> the<00:24:43.279> consumer<00:24:43.919> in<00:24:44.039> terms<00:24:44.240> of align:start position:0% competition and the consumer in terms of align:start position:0% competition and the consumer in terms of protecting<00:24:44.840> them<00:24:45.640> I<00:24:45.760> I<00:24:45.840> see<00:24:46.000> a<00:24:46.080> lot<00:24:46.200> of align:start position:0% protecting them I I see a lot of align:start position:0% protecting them I I see a lot of instances<00:24:46.960> where<00:24:47.960> protecting<00:24:48.399> competition align:start position:0% instances where protecting competition align:start position:0% instances where protecting competition is<00:24:48.960> totally<00:24:49.240> in<00:24:49.360> the<00:24:49.440> consumer's<00:24:49.840> best align:start position:0% is totally in the consumer's best align:start position:0% is totally in the consumer's best interest<00:24:50.440> you<00:24:50.559> want<00:24:50.760> as<00:24:50.880> many<00:24:51.120> pizza<00:24:51.480> places align:start position:0% interest you want as many pizza places align:start position:0% interest you want as many pizza places you<00:24:51.919> can<00:24:52.039> have<00:24:52.159> in<00:24:52.240> your<00:24:52.399> neighborhood<00:24:52.919> stuff align:start position:0% you can have in your neighborhood stuff align:start position:0% you can have in your neighborhood stuff like<00:24:53.320> that<00:24:53.520> but<00:24:54.360> in<00:24:54.480> the<00:24:54.679> situation<00:24:55.159> where align:start position:0% like that but in the situation where align:start position:0% like that but in the situation where like<00:24:55.559> let's<00:24:55.720> say<00:24:55.880> a<00:24:56.039> Craigslist<00:24:56.840> or<00:24:57.520> an align:start position:0% like let's say a Craigslist or an align:start position:0% like let's say a Craigslist or an Instagram<00:24:58.080> or<00:24:58.399> something<00:24:58.679> where<00:24:58.960> there's<00:24:59.120> a align:start position:0% Instagram or something where there's a align:start position:0% Instagram or something where there's a benefit<00:24:59.640> to<00:24:59.799> having<00:25:00.039> everyone<00:25:00.440> in<00:25:00.600> one<00:25:00.919> place align:start position:0% benefit to having everyone in one place align:start position:0% benefit to having everyone in one place how<00:25:02.039> do<00:25:02.159> you<00:25:02.440> choose<00:25:03.120> when<00:25:03.240> you<00:25:03.399> have<00:25:03.480> to align:start position:0% how do you choose when you have to align:start position:0% how do you choose when you have to choose<00:25:04.000> between<00:25:04.919> protecting<00:25:05.480> competition align:start position:0% choose between protecting competition align:start position:0% choose between protecting competition and<00:25:06.399> maybe<00:25:06.679> protecting<00:25:07.320> consumer<00:25:07.840> outcomes align:start position:0% and maybe protecting consumer outcomes align:start position:0% and maybe protecting consumer outcomes sure<00:25:09.000> I<00:25:09.080> don't<00:25:09.360> think<00:25:09.679> that<00:25:09.840> we<00:25:10.000> have<00:25:10.080> to align:start position:0% sure I don't think that we have to align:start position:0% sure I don't think that we have to choose<00:25:10.520> between<00:25:10.799> the<00:25:10.919> two<00:25:11.440> I<00:25:11.520> think<00:25:11.799> we<00:25:11.960> care align:start position:0% choose between the two I think we care align:start position:0% choose between the two I think we care about<00:25:12.520> CO<00:25:13.159> as<00:25:13.240> an<00:25:13.600> anti<00:25:13.880> trust<00:25:14.279> enforcer<00:25:15.279> the align:start position:0% about CO as an anti trust enforcer the align:start position:0% about CO as an anti trust enforcer the animating<00:25:16.679> um<00:25:17.159> principle<00:25:17.600> for<00:25:17.799> me<00:25:18.000> is<00:25:18.159> that align:start position:0% animating um principle for me is that align:start position:0% animating um principle for me is that competition<00:25:19.679> yields<00:25:20.679> great<00:25:20.919> outcomes<00:25:21.440> and<00:25:21.600> I align:start position:0% competition yields great outcomes and I align:start position:0% competition yields great outcomes and I didn't<00:25:22.039> come<00:25:22.320> up<00:25:22.520> with<00:25:22.720> that<00:25:22.919> concept<00:25:23.480> on<00:25:23.720> my align:start position:0% didn't come up with that concept on my align:start position:0% didn't come up with that concept on my own<00:25:24.720> that's<00:25:24.880> what<00:25:25.080> Congress<00:25:25.480> said<00:25:25.799> when<00:25:25.880> it align:start position:0% own that's what Congress said when it align:start position:0% own that's what Congress said when it wrote<00:25:26.200> the<00:25:26.279> antitrust<00:25:26.799> laws<00:25:27.080> it<00:25:27.240> said<00:25:27.520> hey<00:25:28.039> we align:start position:0% wrote the antitrust laws it said hey we align:start position:0% wrote the antitrust laws it said hey we want<00:25:28.640> competition<00:25:29.440> why<00:25:29.840> because<00:25:30.120> we<00:25:30.279> think align:start position:0% want competition why because we think align:start position:0% want competition why because we think that<00:25:31.159> yields<00:25:31.600> better<00:25:31.880> outcomes<00:25:32.720> it<00:25:32.919> promotes align:start position:0% that yields better outcomes it promotes align:start position:0% that yields better outcomes it promotes opportunity<00:25:34.840> it<00:25:35.000> creates<00:25:35.320> to<00:25:35.520> a<00:25:35.720> more<00:25:36.480> uh<00:25:36.679> free align:start position:0% opportunity it creates to a more uh free align:start position:0% opportunity it creates to a more uh free and<00:25:37.720> open<00:25:38.320> and<00:25:38.600> Democratic<00:25:39.200> Society<00:25:40.080> so<00:25:40.799> um align:start position:0% and open and Democratic Society so um align:start position:0% and open and Democratic Society so um that's<00:25:42.039> the<00:25:42.240> concept<00:25:42.679> that<00:25:42.799> we've<00:25:43.039> been<00:25:43.880> asked align:start position:0% that's the concept that we've been asked align:start position:0% that's the concept that we've been asked to<00:25:44.640> protect<00:25:45.640> um<00:25:46.159> and<00:25:46.840> I<00:25:47.799> I<00:25:47.919> think<00:25:48.159> when<00:25:48.320> you align:start position:0% to protect um and I I think when you align:start position:0% to protect um and I I think when you think<00:25:48.679> about<00:25:49.240> antitrust<00:25:50.080> the<00:25:50.200> work<00:25:50.440> that<00:25:50.559> we align:start position:0% think about antitrust the work that we align:start position:0% think about antitrust the work that we do<00:25:51.640> um<00:25:51.960> it's<00:25:52.120> not align:start position:0% do um it's not align:start position:0% do um it's not saying<00:25:54.200> you're<00:25:54.440> too<00:25:54.679> big<00:25:54.880> or<00:25:55.039> you're<00:25:55.240> too align:start position:0% saying you're too big or you're too align:start position:0% saying you're too big or you're too small<00:25:56.000> or<00:25:56.200> you<00:25:56.320> should<00:25:56.559> win<00:25:56.799> or<00:25:56.960> you<00:25:57.080> should align:start position:0% small or you should win or you should align:start position:0% small or you should win or you should lose<00:25:57.960> it's<00:25:58.320> simply<00:25:58.640> saying<00:25:59.279> hey<00:25:59.840> you align:start position:0% lose it's simply saying hey you align:start position:0% lose it's simply saying hey you shouldn't<00:26:00.919> um<00:26:01.120> engage<00:26:01.480> in<00:26:02.039> anti-competitive align:start position:0% shouldn't um engage in anti-competitive align:start position:0% shouldn't um engage in anti-competitive conduct<00:26:03.520> that<00:26:03.640> makes<00:26:03.799> it<00:26:04.000> impossible<00:26:04.440> for align:start position:0% conduct that makes it impossible for align:start position:0% conduct that makes it impossible for someone<00:26:04.880> else<00:26:05.080> to<00:26:05.279> compete<00:26:05.720> if<00:26:05.840> they<00:26:05.919> have<00:26:06.039> a align:start position:0% someone else to compete if they have a align:start position:0% someone else to compete if they have a better<00:26:06.440> idea<00:26:06.919> or<00:26:07.039> if<00:26:07.120> they<00:26:07.240> have<00:26:07.320> a<00:26:07.440> better align:start position:0% better idea or if they have a better align:start position:0% better idea or if they have a better business<00:26:08.039> model<00:26:08.799> it<00:26:08.919> says<00:26:09.320> hey<00:26:10.120> you<00:26:10.279> know<00:26:10.799> if align:start position:0% business model it says hey you know if align:start position:0% business model it says hey you know if the<00:26:11.480> dominant<00:26:12.000> firm<00:26:12.559> is<00:26:12.720> going<00:26:12.880> to<00:26:13.080> gobble<00:26:13.480> up align:start position:0% the dominant firm is going to gobble up align:start position:0% the dominant firm is going to gobble up rivals<00:26:14.840> in<00:26:14.960> order<00:26:15.200> to<00:26:15.399> deepen<00:26:15.799> its<00:26:16.000> mode align:start position:0% rivals in order to deepen its mode align:start position:0% rivals in order to deepen its mode rather<00:26:17.279> than<00:26:17.480> allowing<00:26:17.919> some<00:26:18.039> of<00:26:18.200> those<00:26:18.399> firms align:start position:0% rather than allowing some of those firms align:start position:0% rather than allowing some of those firms to<00:26:19.520> um<00:26:19.760> continue<00:26:20.159> in<00:26:20.320> the<00:26:20.480> market<00:26:20.799> and<00:26:21.000> succeed align:start position:0% to um continue in the market and succeed align:start position:0% to um continue in the market and succeed and<00:26:21.760> potentially<00:26:22.480> go<00:26:22.720> public<00:26:23.480> or<00:26:23.760> create<00:26:24.200> new align:start position:0% and potentially go public or create new align:start position:0% and potentially go public or create new opportunities<00:26:25.679> then<00:26:25.919> those<00:26:26.159> could<00:26:26.320> be align:start position:0% opportunities then those could be align:start position:0% opportunities then those could be antitrust<00:26:27.039> violations<00:26:27.799> we're<00:26:27.960> f<00:26:28.279> F<00:26:28.399> used<00:26:28.559> not align:start position:0% antitrust violations we're f F used not align:start position:0% antitrust violations we're f F used not on<00:26:28.840> engineering<00:26:29.440> outcomes<00:26:30.240> we're<00:26:30.440> simply align:start position:0% on engineering outcomes we're simply align:start position:0% on engineering outcomes we're simply focused<00:26:31.200> on<00:26:31.559> addressing<00:26:32.080> conduct<00:26:32.559> that<00:26:32.720> might align:start position:0% focused on addressing conduct that might align:start position:0% focused on addressing conduct that might get<00:26:33.000> in<00:26:33.120> the<00:26:33.279> way<00:26:33.880> and<00:26:34.039> I<00:26:34.120> think<00:26:34.360> that's<00:26:34.720> kind align:start position:0% get in the way and I think that's kind align:start position:0% get in the way and I think that's kind of<00:26:35.000> how<00:26:35.120> we<00:26:35.279> think<00:26:35.520> about<00:26:35.720> it<00:26:35.960> but<00:26:36.159> I<00:26:36.960> um<00:26:37.200> do align:start position:0% of how we think about it but I um do align:start position:0% of how we think about it but I um do want<00:26:37.480> to<00:26:37.600> be<00:26:37.720> very<00:26:37.880> clear<00:26:38.200> I<00:26:38.279> don't<00:26:38.480> think align:start position:0% want to be very clear I don't think align:start position:0% want to be very clear I don't think there's<00:26:38.880> that<00:26:39.039> trade-off<00:26:39.600> I<00:26:39.720> think<00:26:40.000> good align:start position:0% there's that trade-off I think good align:start position:0% there's that trade-off I think good healthy<00:26:40.840> competition<00:26:41.840> allows<00:26:42.360> everybody<00:26:42.760> to align:start position:0% healthy competition allows everybody to align:start position:0% healthy competition allows everybody to benefit<00:26:44.480> hi<00:26:44.799> my<00:26:44.919> name<00:26:45.039> is<00:26:45.120> Hansen<00:26:45.520> and<00:26:45.720> I'm<00:26:46.000> the align:start position:0% benefit hi my name is Hansen and I'm the align:start position:0% benefit hi my name is Hansen and I'm the founder<00:26:46.320> of<00:26:46.399> light<00:26:46.679> sky<00:26:47.360> and<00:26:47.480> so<00:26:47.679> you're align:start position:0% founder of light sky and so you're align:start position:0% founder of light sky and so you're talking<00:26:48.120> to<00:26:48.279> a<00:26:48.440> group<00:26:48.640> of<00:26:48.880> Founders<00:26:49.679> um<00:26:49.799> who've align:start position:0% talking to a group of Founders um who've align:start position:0% talking to a group of Founders um who've come<00:26:50.200> through<00:26:50.480> I<00:26:50.720> YC<00:26:51.279> and<00:26:51.360> you<00:26:51.480> know<00:26:51.679> obviously align:start position:0% come through I YC and you know obviously align:start position:0% come through I YC and you know obviously we<00:26:52.360> hope<00:26:52.520> that<00:26:52.600> we're<00:26:52.720> the<00:26:52.840> founder<00:26:53.200> that<00:26:53.360> gets align:start position:0% we hope that we're the founder that gets align:start position:0% we hope that we're the founder that gets to<00:26:53.559> IPO<00:26:54.080> but<00:26:54.200> a<00:26:54.320> lot<00:26:54.440> of<00:26:54.520> our<00:26:54.679> companies<00:26:55.080> will align:start position:0% to IPO but a lot of our companies will align:start position:0% to IPO but a lot of our companies will end<00:26:55.520> in<00:26:55.880> acquisition<00:26:56.880> and<00:26:57.080> so<00:26:57.840> um<00:26:58.279> there's align:start position:0% end in acquisition and so um there's align:start position:0% end in acquisition and so um there's been<00:26:58.640> a<00:26:59.000> kind<00:26:59.080> of<00:26:59.240> chilling<00:27:00.080> uh<00:27:00.679> effect<00:27:01.039> on align:start position:0% been a kind of chilling uh effect on align:start position:0% been a kind of chilling uh effect on Acquisitions<00:27:01.880> due<00:27:02.080> to<00:27:02.240> kind<00:27:02.320> of<00:27:02.480> the align:start position:0% Acquisitions due to kind of the align:start position:0% Acquisitions due to kind of the investigations<00:27:03.279> that<00:27:03.399> the<00:27:03.480> doj<00:27:03.840> and<00:27:03.919> the<00:27:04.000> FDC align:start position:0% investigations that the doj and the FDC align:start position:0% investigations that the doj and the FDC have<00:27:04.760> kind<00:27:04.840> of<00:27:05.360> uh<00:27:05.480> started<00:27:05.960> recently<00:27:06.960> and<00:27:07.159> so align:start position:0% have kind of uh started recently and so align:start position:0% have kind of uh started recently and so um<00:27:08.120> can<00:27:08.240> you<00:27:08.360> comment<00:27:08.679> a<00:27:08.760> little<00:27:08.919> bit<00:27:09.080> about align:start position:0% um can you comment a little bit about align:start position:0% um can you comment a little bit about kind<00:27:09.600> of<00:27:09.799> like<00:27:10.039> whether<00:27:10.240> or<00:27:10.360> not<00:27:10.760> like<00:27:11.000> what align:start position:0% kind of like whether or not like what align:start position:0% kind of like whether or not like what your<00:27:11.279> perspective<00:27:11.679> is<00:27:11.760> on<00:27:11.880> the<00:27:11.960> chilling align:start position:0% your perspective is on the chilling align:start position:0% your perspective is on the chilling effect<00:27:12.919> of<00:27:13.399> Investigations<00:27:14.080> on<00:27:14.360> Acquisitions align:start position:0% effect of Investigations on Acquisitions align:start position:0% effect of Investigations on Acquisitions and<00:27:15.080> how<00:27:15.240> that<00:27:15.960> so<00:27:16.960> I<00:27:17.080> appreciate<00:27:17.440> the align:start position:0% and how that so I appreciate the align:start position:0% and how that so I appreciate the question<00:27:17.840> it's<00:27:17.960> an<00:27:18.120> important<00:27:18.520> one<00:27:19.120> um<00:27:19.360> I align:start position:0% question it's an important one um I align:start position:0% question it's an important one um I start<00:27:19.720> with<00:27:19.840> the<00:27:20.000> data<00:27:20.480> right<00:27:20.679> we're<00:27:20.919> all<00:27:21.399> data align:start position:0% start with the data right we're all data align:start position:0% start with the data right we're all data driven<00:27:22.760> um<00:27:22.960> the<00:27:23.080> fact<00:27:23.240> of<00:27:23.360> the<00:27:23.480> matter<00:27:23.720> is<00:27:24.559> the align:start position:0% driven um the fact of the matter is the align:start position:0% driven um the fact of the matter is the overwhelmingly<00:27:25.840> major<00:27:26.279> majority<00:27:26.720> of<00:27:26.880> mergers align:start position:0% overwhelmingly major majority of mergers align:start position:0% overwhelmingly major majority of mergers never<00:27:27.960> get<00:27:28.320> look<00:27:28.919> uh<00:27:29.039> single<00:27:29.399> digits<00:27:30.279> and<00:27:30.399> then align:start position:0% never get look uh single digits and then align:start position:0% never get look uh single digits and then even<00:27:30.799> a<00:27:31.159> small<00:27:31.480> sliver<00:27:31.960> of<00:27:32.200> that<00:27:32.600> actually<00:27:32.919> get align:start position:0% even a small sliver of that actually get align:start position:0% even a small sliver of that actually get challenged<00:27:34.159> and<00:27:34.279> so<00:27:34.520> the<00:27:34.640> deal<00:27:34.960> economy<00:27:35.360> is align:start position:0% challenged and so the deal economy is align:start position:0% challenged and so the deal economy is moving<00:27:36.200> deals<00:27:36.440> are<00:27:36.679> happening<00:27:37.399> we<00:27:37.559> only<00:27:37.799> focus align:start position:0% moving deals are happening we only focus align:start position:0% moving deals are happening we only focus on<00:27:38.240> the<00:27:38.360> deals<00:27:38.880> that<00:27:39.039> have<00:27:39.320> problems<00:27:40.120> and<00:27:40.279> the align:start position:0% on the deals that have problems and the align:start position:0% on the deals that have problems and the deals<00:27:40.679> that<00:27:40.840> have<00:27:41.080> problems<00:27:41.480> tend<00:27:41.679> to<00:27:41.840> be<00:27:42.000> the align:start position:0% deals that have problems tend to be the align:start position:0% deals that have problems tend to be the deals<00:27:42.440> in<00:27:42.799> concentrated<00:27:43.440> Industries<00:27:44.000> markets align:start position:0% deals in concentrated Industries markets align:start position:0% deals in concentrated Industries markets or<00:27:45.159> deals<00:27:45.480> where<00:27:45.640> you<00:27:45.760> have<00:27:45.880> a<00:27:46.039> disruptive align:start position:0% or deals where you have a disruptive align:start position:0% or deals where you have a disruptive rival<00:27:47.559> who<00:27:48.000> might<00:27:48.200> be<00:27:48.360> taking<00:27:48.679> on<00:27:49.159> an<00:27:49.399> embedded align:start position:0% rival who might be taking on an embedded align:start position:0% rival who might be taking on an embedded entrenched<00:27:50.720> incumbent<00:27:51.720> um<00:27:51.880> and<00:27:52.000> so<00:27:52.279> those<00:27:52.399> are align:start position:0% entrenched incumbent um and so those are align:start position:0% entrenched incumbent um and so those are the<00:27:52.760> kinds<00:27:53.039> of<00:27:53.279> transactions<00:27:54.240> that<00:27:54.360> we<00:27:54.480> tend align:start position:0% the kinds of transactions that we tend align:start position:0% the kinds of transactions that we tend to<00:27:54.880> focus<00:27:55.200> on<00:27:56.080> um<00:27:56.519> I<00:27:56.640> think<00:27:56.960> that<00:27:57.279> um<00:27:57.399> doesn't align:start position:0% to focus on um I think that um doesn't align:start position:0% to focus on um I think that um doesn't impede<00:27:58.559> exit<00:27:58.919> it<00:27:59.039> doesn't<00:27:59.519> impede<00:28:00.519> um<00:28:00.720> the align:start position:0% impede exit it doesn't impede um the align:start position:0% impede exit it doesn't impede um the deal<00:28:01.200> economy<00:28:01.640> in<00:28:01.760> fact<00:28:01.960> we<00:28:02.080> see<00:28:02.559> again<00:28:02.840> plenty align:start position:0% deal economy in fact we see again plenty align:start position:0% deal economy in fact we see again plenty of<00:28:03.240> deals<00:28:03.760> happening<00:28:04.519> it's<00:28:04.679> a<00:28:04.919> narrow<00:28:05.279> set<00:28:05.440> of align:start position:0% of deals happening it's a narrow set of align:start position:0% of deals happening it's a narrow set of deals<00:28:06.039> that<00:28:06.760> um<00:28:06.919> satisfy<00:28:07.440> a<00:28:07.559> narrow<00:28:07.960> set<00:28:08.120> of align:start position:0% deals that um satisfy a narrow set of align:start position:0% deals that um satisfy a narrow set of criteria<00:28:09.320> that<00:28:09.480> are<00:28:09.640> the<00:28:09.880> problem<00:28:10.480> the<00:28:10.600> other align:start position:0% criteria that are the problem the other align:start position:0% criteria that are the problem the other thing<00:28:10.919> and<00:28:11.039> I<00:28:11.120> think<00:28:11.320> this<00:28:11.440> is<00:28:11.679> important<00:28:12.519> is align:start position:0% thing and I think this is important is align:start position:0% thing and I think this is important is um<00:28:13.559> we<00:28:13.720> want<00:28:14.159> companies<00:28:14.720> to<00:28:14.919> have<00:28:15.080> the align:start position:0% um we want companies to have the align:start position:0% um we want companies to have the opportunities<00:28:16.000> to<00:28:16.159> go<00:28:16.399> public<00:28:16.840> we<00:28:16.960> want align:start position:0% opportunities to go public we want align:start position:0% opportunities to go public we want companies<00:28:17.799> to<00:28:18.440> build<00:28:18.919> not<00:28:19.200> just<00:28:19.679> although align:start position:0% companies to build not just although align:start position:0% companies to build not just although exit<00:28:20.399> is<00:28:20.720> a<00:28:20.960> perfectly<00:28:21.880> um<00:28:22.200> normal<00:28:23.120> way<00:28:24.120> um<00:28:24.519> uh align:start position:0% exit is a perfectly um normal way um uh align:start position:0% exit is a perfectly um normal way um uh for<00:28:24.880> companies<00:28:25.279> to<00:28:25.760> you<00:28:25.880> know<00:28:26.240> realize<00:28:27.120> value align:start position:0% for companies to you know realize value align:start position:0% for companies to you know realize value great<00:28:28.480> world<00:28:28.840> is<00:28:29.000> one<00:28:29.200> where<00:28:29.399> companies<00:28:30.000> can align:start position:0% great world is one where companies can align:start position:0% great world is one where companies can build<00:28:31.120> and<00:28:31.240> they<00:28:31.360> can<00:28:31.480> find<00:28:31.679> a<00:28:31.880> path<00:28:32.080> to align:start position:0% build and they can find a path to align:start position:0% build and they can find a path to becoming<00:28:32.679> public<00:28:33.480> and<00:28:34.200> um<00:28:34.360> do<00:28:34.600> so<00:28:35.000> in<00:28:35.120> a<00:28:35.279> way align:start position:0% becoming public and um do so in a way align:start position:0% becoming public and um do so in a way that<00:28:35.679> is<00:28:36.120> coste<00:28:36.480> effective<00:28:37.159> and<00:28:37.320> can<00:28:37.640> manage align:start position:0% that is coste effective and can manage align:start position:0% that is coste effective and can manage um<00:28:38.880> their<00:28:39.120> resources<00:28:39.679> as<00:28:39.840> a<00:28:40.000> public<00:28:40.320> company align:start position:0% um their resources as a public company align:start position:0% um their resources as a public company and<00:28:40.840> then<00:28:41.000> build<00:28:41.279> to<00:28:41.679> become<00:28:42.039> thriving align:start position:0% and then build to become thriving align:start position:0% and then build to become thriving durable<00:28:43.399> businesses<00:28:44.399> that<00:28:44.559> can<00:28:45.000> not<00:28:45.240> only align:start position:0% durable businesses that can not only align:start position:0% durable businesses that can not only increase<00:28:46.120> the<00:28:46.240> number<00:28:46.519> of<00:28:46.679> firms<00:28:47.399> who<00:28:47.559> are<00:28:47.760> out align:start position:0% increase the number of firms who are out align:start position:0% increase the number of firms who are out there<00:28:48.799> um<00:28:48.919> building<00:28:49.279> new<00:28:49.519> products<00:28:49.799> and align:start position:0% there um building new products and align:start position:0% there um building new products and services<00:28:50.960> but<00:28:51.120> frankly<00:28:51.480> for<00:28:51.679> startups align:start position:0% services but frankly for startups align:start position:0% services but frankly for startups increases<00:28:52.640> the<00:28:52.760> number<00:28:53.000> of<00:28:53.159> viable<00:28:53.559> acquirers align:start position:0% increases the number of viable acquirers align:start position:0% increases the number of viable acquirers who<00:28:54.640> can<00:28:54.799> bid<00:28:55.000> for<00:28:55.240> assets<00:28:56.200> and<00:28:56.360> so<00:28:56.600> what<00:28:56.720> we align:start position:0% who can bid for assets and so what we align:start position:0% who can bid for assets and so what we want<00:28:56.919> to<00:28:57.039> do<00:28:57.159> is<00:28:57.240> we<00:28:57.440> get<00:28:57.760> get<00:28:58.240> this<00:28:58.360> cycle align:start position:0% want to do is we get get this cycle align:start position:0% want to do is we get get this cycle where<00:28:58.799> there<00:28:58.880> are<00:28:58.960> only<00:28:59.159> two<00:28:59.360> or<00:28:59.519> three<00:28:59.799> firms align:start position:0% where there are only two or three firms align:start position:0% where there are only two or three firms um<00:29:01.159> sometimes<00:29:01.480> one<00:29:01.799> in<00:29:02.200> each<00:29:02.440> individual align:start position:0% um sometimes one in each individual align:start position:0% um sometimes one in each individual space<00:29:04.039> that<00:29:04.159> is<00:29:04.320> a<00:29:04.519> potential<00:29:05.039> acquirer align:start position:0% space that is a potential acquirer align:start position:0% space that is a potential acquirer instead<00:29:06.200> we<00:29:06.320> want<00:29:06.440> to<00:29:06.559> encourage<00:29:07.240> companies align:start position:0% instead we want to encourage companies align:start position:0% instead we want to encourage companies um<00:29:08.440> to<00:29:08.640> build<00:29:09.159> and<00:29:09.480> to<00:29:09.640> do<00:29:09.880> that<00:29:10.120> there<00:29:10.240> needs align:start position:0% um to build and to do that there needs align:start position:0% um to build and to do that there needs to<00:29:10.600> be<00:29:10.840> Pathways<00:29:11.760> one<00:29:12.760> um<00:29:13.080> if<00:29:13.360> you<00:29:13.480> know<00:29:13.640> to align:start position:0% to be Pathways one um if you know to align:start position:0% to be Pathways one um if you know to sell<00:29:14.200> to<00:29:14.320> someone<00:29:14.559> who's<00:29:14.799> not<00:29:15.080> an<00:29:15.279> antitrust align:start position:0% sell to someone who's not an antitrust align:start position:0% sell to someone who's not an antitrust problem<00:29:16.679> and<00:29:16.840> I<00:29:16.919> think<00:29:17.159> that<00:29:17.480> happens<00:29:17.799> all<00:29:17.960> the align:start position:0% problem and I think that happens all the align:start position:0% problem and I think that happens all the time<00:29:18.480> but<00:29:18.880> we<00:29:19.000> wish<00:29:19.200> it<00:29:19.279> would<00:29:19.480> happen<00:29:19.760> more align:start position:0% time but we wish it would happen more align:start position:0% time but we wish it would happen more because<00:29:20.360> there<00:29:20.480> are<00:29:20.640> more<00:29:20.880> companies<00:29:21.240> that align:start position:0% because there are more companies that align:start position:0% because there are more companies that wouldn't<00:29:21.640> create<00:29:21.880> antirust<00:29:22.440> problems<00:29:23.399> second align:start position:0% wouldn't create antirust problems second align:start position:0% wouldn't create antirust problems second is<00:29:24.240> we<00:29:24.760> um<00:29:25.000> want<00:29:25.200> a<00:29:25.360> world<00:29:25.799> where<00:29:26.320> where align:start position:0% is we um want a world where where align:start position:0% is we um want a world where where companies<00:29:26.960> feel<00:29:27.279> comfortable<00:29:27.720> that<00:29:27.880> they<00:29:28.120> can align:start position:0% companies feel comfortable that they can align:start position:0% companies feel comfortable that they can pursue<00:29:29.519> long-term<00:29:30.200> Investments<00:29:30.720> including align:start position:0% pursue long-term Investments including align:start position:0% pursue long-term Investments including going<00:29:31.519> public<00:29:31.919> so<00:29:32.080> that<00:29:32.320> they<00:29:32.480> can<00:29:33.279> generate align:start position:0% going public so that they can generate align:start position:0% going public so that they can generate value<00:29:34.200> and<00:29:34.360> grow<00:29:34.720> and<00:29:35.000> Thrive<00:29:36.000> uh<00:29:36.200> in<00:29:36.320> a<00:29:36.480> way align:start position:0% value and grow and Thrive uh in a way align:start position:0% value and grow and Thrive uh in a way that<00:29:36.840> is<00:29:37.000> durable<00:29:37.760> Jonathan<00:29:38.159> it<00:29:38.240> seems<00:29:38.480> like align:start position:0% that is durable Jonathan it seems like align:start position:0% that is durable Jonathan it seems like the<00:29:39.000> the<00:29:39.159> operating<00:29:39.640> word<00:29:40.000> that<00:29:40.200> comes<00:29:40.440> to align:start position:0% the the operating word that comes to align:start position:0% the the operating word that comes to mind<00:29:41.120> in<00:29:41.360> like<00:29:41.480> sort<00:29:41.640> of<00:29:41.760> a<00:29:41.840> lot<00:29:41.960> of<00:29:42.039> the<00:29:42.159> things align:start position:0% mind in like sort of a lot of the things align:start position:0% mind in like sort of a lot of the things that<00:29:42.440> you're<00:29:42.600> talking<00:29:42.880> about<00:29:43.080> is<00:29:43.200> like<00:29:43.320> the align:start position:0% that you're talking about is like the align:start position:0% that you're talking about is like the word<00:29:43.640> open<00:29:44.559> so<00:29:44.919> you<00:29:45.039> know<00:29:45.559> on<00:29:45.760> the<00:29:45.919> foundation align:start position:0% word open so you know on the foundation align:start position:0% word open so you know on the foundation side<00:29:46.600> it<00:29:46.679> seems<00:29:46.880> like<00:29:47.080> open<00:29:47.600> source<00:29:48.600> uh<00:29:48.760> in align:start position:0% side it seems like open source uh in align:start position:0% side it seems like open source uh in terms<00:29:49.080> of<00:29:49.240> models<00:29:49.720> it<00:29:49.799> seems<00:29:50.080> like<00:29:50.399> in<00:29:50.519> terms align:start position:0% terms of models it seems like in terms align:start position:0% terms of models it seems like in terms of<00:29:51.039> public<00:29:51.399> companies<00:29:51.840> it's<00:29:52.080> like<00:29:52.480> you<00:29:52.640> know<00:29:52.760> a align:start position:0% of public companies it's like you know a align:start position:0% of public companies it's like you know a public<00:29:53.200> company<00:29:53.519> is<00:29:53.720> like<00:29:53.880> an<00:29:54.039> open<00:29:54.360> cap<00:29:54.640> table align:start position:0% public company is like an open cap table align:start position:0% public company is like an open cap table I<00:29:55.600> know<00:29:55.720> you<00:29:55.919> probably<00:29:56.120> can't<00:29:56.320> comment<00:29:56.640> on align:start position:0% I know you probably can't comment on align:start position:0% I know you probably can't comment on some<00:29:56.919> of<00:29:57.039> the<00:29:57.200> Active<00:29:57.519> cases<00:29:57.880> but<00:29:58.080> but<00:29:58.559> you align:start position:0% some of the Active cases but but you align:start position:0% some of the Active cases but but you know<00:29:58.919> openness<00:29:59.679> in<00:29:59.840> terms<00:30:00.120> of<00:30:00.480> platforms<00:30:01.480> and align:start position:0% know openness in terms of platforms and align:start position:0% know openness in terms of platforms and being<00:30:01.799> able<00:30:01.960> to<00:30:02.159> have<00:30:02.360> comp<00:30:02.640> competition<00:30:03.080> at align:start position:0% being able to have comp competition at align:start position:0% being able to have comp competition at platforms<00:30:03.919> is<00:30:04.120> like<00:30:04.320> one<00:30:04.440> of<00:30:04.600> the<00:30:04.919> things<00:30:05.159> from align:start position:0% platforms is like one of the things from align:start position:0% platforms is like one of the things from as<00:30:05.600> an<00:30:05.720> outsider<00:30:06.360> it<00:30:06.440> seems<00:30:06.720> like<00:30:06.919> that's<00:30:07.559> you align:start position:0% as an outsider it seems like that's you align:start position:0% as an outsider it seems like that's you know<00:30:07.799> certainly<00:30:08.159> a<00:30:08.279> goal<00:30:08.519> it's<00:30:08.679> like align:start position:0% know certainly a goal it's like align:start position:0% know certainly a goal it's like ultimately<00:30:09.600> markets<00:30:09.960> are<00:30:10.200> about<00:30:10.720> openness align:start position:0% ultimately markets are about openness align:start position:0% ultimately markets are about openness whether<00:30:11.840> it's<00:30:11.960> a<00:30:12.120> cap<00:30:12.440> table<00:30:13.039> the<00:30:13.360> source<00:30:13.720> code align:start position:0% whether it's a cap table the source code align:start position:0% whether it's a cap table the source code you<00:30:14.519> know<00:30:14.760> or<00:30:15.200> literally<00:30:15.600> the<00:30:15.799> platform<00:30:16.240> that align:start position:0% you know or literally the platform that align:start position:0% you know or literally the platform that allows<00:30:16.799> other<00:30:17.039> people<00:30:17.279> to<00:30:17.600> thrive align:start position:0% allows other people to thrive align:start position:0% allows other people to thrive opportunity<00:30:19.159> openness<00:30:19.519> and<00:30:19.720> opportunity<00:30:20.360> are align:start position:0% opportunity openness and opportunity are align:start position:0% opportunity openness and opportunity are are<00:30:20.760> the<00:30:21.240> foundations<00:30:22.240> um<00:30:22.480> for<00:30:22.880> competition align:start position:0% are the foundations um for competition align:start position:0% are the foundations um for competition and<00:30:23.679> so<00:30:23.919> we<00:30:24.080> are<00:30:24.399> really<00:30:24.720> excited<00:30:25.279> about align:start position:0% and so we are really excited about align:start position:0% and so we are really excited about making<00:30:26.320> sure<00:30:26.559> that<00:30:26.640> we<00:30:26.760> can<00:30:26.919> help<00:30:27.159> preserve align:start position:0% making sure that we can help preserve align:start position:0% making sure that we can help preserve that<00:30:28.039> lot<00:30:28.120> of<00:30:28.240> our<00:30:28.399> cases<00:30:28.960> one<00:30:29.080> of<00:30:29.200> the<00:30:29.320> other align:start position:0% that lot of our cases one of the other align:start position:0% that lot of our cases one of the other themes<00:30:30.000> is<00:30:30.919> um<00:30:31.200> you<00:30:31.320> know<00:30:32.120> a<00:30:32.279> phenomenon<00:30:32.799> that align:start position:0% themes is um you know a phenomenon that align:start position:0% themes is um you know a phenomenon that I<00:30:33.519> you<00:30:33.640> know<00:30:33.960> it's<00:30:34.159> like<00:30:34.760> open<00:30:35.320> dominate<00:30:35.799> close align:start position:0% I you know it's like open dominate close align:start position:0% I you know it's like open dominate close right<00:30:37.039> start<00:30:37.399> open<00:30:38.200> get<00:30:38.440> dominant<00:30:38.880> and<00:30:39.000> then align:start position:0% right start open get dominant and then align:start position:0% right start open get dominant and then you<00:30:39.240> start<00:30:39.720> closing<00:30:40.320> aspects<00:30:40.720> of<00:30:40.840> your<00:30:41.039> open align:start position:0% you start closing aspects of your open align:start position:0% you start closing aspects of your open ecosystem<00:30:42.039> so<00:30:42.200> that<00:30:42.360> others<00:30:42.720> can't<00:30:43.360> compete align:start position:0% ecosystem so that others can't compete align:start position:0% ecosystem so that others can't compete effectively<00:30:44.600> and<00:30:44.799> I<00:30:44.919> think<00:30:45.480> making<00:30:45.880> sure<00:30:46.279> that align:start position:0% effectively and I think making sure that align:start position:0% effectively and I think making sure that um<00:30:47.320> the<00:30:47.760> the<00:30:48.640> availability<00:30:49.640> of<00:30:50.519> um<00:30:50.760> folks<00:30:51.080> who align:start position:0% um the the availability of um folks who align:start position:0% um the the availability of um folks who are<00:30:52.120> creating<00:30:53.039> um<00:30:53.640> who<00:30:53.760> are<00:30:53.960> dependent<00:30:54.360> on align:start position:0% are creating um who are dependent on align:start position:0% are creating um who are dependent on platforms<00:30:55.159> and<00:30:55.480> services<00:30:56.480> who<00:30:56.679> are<00:30:57.399> um<00:30:57.760> uh align:start position:0% platforms and services who are um uh align:start position:0% platforms and services who are um uh induced<00:30:58.480> to<00:30:58.639> join<00:30:59.000> and<00:30:59.159> build<00:30:59.399> on<00:30:59.679> ecosystems align:start position:0% induced to join and build on ecosystems align:start position:0% induced to join and build on ecosystems can<00:31:00.639> realize<00:31:01.120> the<00:31:01.240> fruits<00:31:02.039> of<00:31:02.240> those align:start position:0% can realize the fruits of those align:start position:0% can realize the fruits of those Investments<00:31:03.200> and<00:31:03.360> I<00:31:03.480> think<00:31:04.039> you<00:31:04.159> know<00:31:04.399> that's align:start position:0% Investments and I think you know that's align:start position:0% Investments and I think you know that's that's<00:31:05.039> what<00:31:05.360> a<00:31:05.559> healthy<00:31:06.279> ecosystem<00:31:06.880> look align:start position:0% that's what a healthy ecosystem look align:start position:0% that's what a healthy ecosystem look like<00:31:07.639> where<00:31:08.320> where<00:31:08.960> um<00:31:09.399> where<00:31:09.559> we<00:31:09.760> have<00:31:10.039> that align:start position:0% like where where um where we have that align:start position:0% like where where um where we have that you<00:31:10.440> know<00:31:10.600> openness<00:31:11.080> but<00:31:11.200> I<00:31:11.279> think<00:31:11.440> that align:start position:0% you know openness but I think that align:start position:0% you know openness but I think that you're<00:31:11.840> exactly<00:31:12.240> right<00:31:12.440> Gary<00:31:13.200> it's<00:31:13.519> true<00:31:13.880> in align:start position:0% you're exactly right Gary it's true in align:start position:0% you're exactly right Gary it's true in in<00:31:14.279> terms<00:31:14.519> of<00:31:14.720> having<00:31:15.399> openness<00:31:15.840> and align:start position:0% in terms of having openness and align:start position:0% in terms of having openness and diversity<00:31:16.519> of<00:31:17.279> models<00:31:17.840> business<00:31:18.200> models<00:31:19.159> but align:start position:0% diversity of models business models but align:start position:0% diversity of models business models but also<00:31:19.720> is<00:31:20.279> uh<00:31:20.440> openness<00:31:21.279> and<00:31:21.840> um<00:31:22.240> to<00:31:23.240> um<00:31:23.679> to<00:31:24.039> to align:start position:0% also is uh openness and um to um to to align:start position:0% also is uh openness and um to um to to be<00:31:24.279> able<00:31:24.480> to<00:31:24.600> succeed<00:31:25.039> without<00:31:25.320> having<00:31:25.559> to align:start position:0% be able to succeed without having to align:start position:0% be able to succeed without having to exit<00:31:26.159> through<00:31:26.840> acquisition<00:31:27.679> and<00:31:27.960> and<00:31:28.760> um align:start position:0% exit through acquisition and and um align:start position:0% exit through acquisition and and um openness<00:31:29.440> of<00:31:29.559> a<00:31:29.720> public<00:31:30.039> company<00:31:30.519> that<00:31:30.679> you align:start position:0% openness of a public company that you align:start position:0% openness of a public company that you said<00:31:31.200> like<00:31:31.399> cap<00:31:31.679> tables<00:31:32.120> and<00:31:32.919> um<00:31:33.200> where<00:31:33.799> where align:start position:0% said like cap tables and um where where align:start position:0% said like cap tables and um where where the<00:31:34.399> public<00:31:34.760> can<00:31:34.960> essentially<00:31:35.559> participate align:start position:0% the public can essentially participate align:start position:0% the public can essentially participate and<00:31:36.240> benefit<00:31:36.639> in<00:31:37.519> um<00:31:37.919> the<00:31:38.039> building<00:31:38.440> of<00:31:38.639> these align:start position:0% and benefit in um the building of these align:start position:0% and benefit in um the building of these great<00:31:39.399> us align:start position:0% great us align:start position:0% great us businesses<00:31:41.440> one<00:31:41.600> more<00:31:41.840> quick<00:31:42.039> one<00:31:42.600> Lauren align:start position:0% businesses one more quick one Lauren align:start position:0% businesses one more quick one Lauren good<00:31:43.159> from<00:31:43.320> W<00:31:43.639> thank<00:31:43.799> you<00:31:43.960> so<00:31:44.080> much<00:31:44.200> for<00:31:44.360> doing align:start position:0% good from W thank you so much for doing align:start position:0% good from W thank you so much for doing this<00:31:45.320> um<00:31:45.519> I<00:31:45.600> think<00:31:45.799> what<00:31:45.919> someone<00:31:46.159> was align:start position:0% this um I think what someone was align:start position:0% this um I think what someone was alluding<00:31:46.679> to<00:31:46.880> earlier<00:31:47.440> was<00:31:47.760> basically<00:31:48.360> the align:start position:0% alluding to earlier was basically the align:start position:0% alluding to earlier was basically the recent<00:31:49.480> Manifesto<00:31:50.120> from<00:31:50.320> inre<00:31:50.679> and<00:31:50.799> Horowitz align:start position:0% recent Manifesto from inre and Horowitz align:start position:0% recent Manifesto from inre and Horowitz about<00:31:51.600> little<00:31:51.960> Tech<00:31:52.200> versus<00:31:52.600> big<00:31:52.880> Tech<00:31:53.760> uh<00:31:53.880> and align:start position:0% about little Tech versus big Tech uh and align:start position:0% about little Tech versus big Tech uh and the<00:31:54.200> idea<00:31:54.639> that<00:31:54.880> the<00:31:55.039> regulatory<00:31:55.679> agencies align:start position:0% the idea that the regulatory agencies align:start position:0% the idea that the regulatory agencies are<00:31:56.279> using<00:31:56.600> Brute<00:31:56.919> Force<00:31:57.360> to align:start position:0% are using Brute Force to align:start position:0% are using Brute Force to squash<00:31:59.200> little<00:31:59.559> Tech<00:31:59.840> through<00:32:00.159> m&a<00:32:01.120> I<00:32:01.200> think align:start position:0% squash little Tech through m&a I think align:start position:0% squash little Tech through m&a I think you<00:32:01.519> addressed<00:32:01.960> that<00:32:02.200> well<00:32:02.559> but<00:32:02.720> one<00:32:02.840> of<00:32:02.960> the align:start position:0% you addressed that well but one of the align:start position:0% you addressed that well but one of the other<00:32:03.320> things<00:32:03.559> that<00:32:03.679> was<00:32:03.799> in<00:32:03.960> the<00:32:04.080> manifesto align:start position:0% other things that was in the manifesto align:start position:0% other things that was in the manifesto was<00:32:04.880> this<00:32:05.120> idea<00:32:05.399> that<00:32:05.559> the<00:32:05.639> government<00:32:06.039> is align:start position:0% was this idea that the government is align:start position:0% was this idea that the government is proposing<00:32:06.600> attacks<00:32:07.159> on<00:32:07.760> unrealized<00:32:08.760> gains align:start position:0% proposing attacks on unrealized gains align:start position:0% proposing attacks on unrealized gains and<00:32:09.480> I<00:32:09.559> was<00:32:09.720> wondering<00:32:10.200> if<00:32:10.480> you're<00:32:10.720> able<00:32:10.919> to align:start position:0% and I was wondering if you're able to align:start position:0% and I was wondering if you're able to comment<00:32:11.480> on<00:32:11.760> that<00:32:12.360> and<00:32:12.679> generally<00:32:13.120> what<00:32:13.240> your align:start position:0% comment on that and generally what your align:start position:0% comment on that and generally what your responses<00:32:14.159> to<00:32:14.399> this<00:32:14.600> idea<00:32:15.159> since<00:32:15.360> there<00:32:15.480> are<00:32:15.639> a align:start position:0% responses to this idea since there are a align:start position:0% responses to this idea since there are a lot<00:32:15.880> of<00:32:16.000> little<00:32:16.200> tech<00:32:16.480> people<00:32:16.720> in<00:32:16.799> the<00:32:16.960> room align:start position:0% lot of little tech people in the room align:start position:0% lot of little tech people in the room I'm<00:32:17.600> just<00:32:17.760> a<00:32:17.919> small<00:32:18.240> country<00:32:18.559> antit<00:32:18.919> trust align:start position:0% enforcer<00:32:23.519> so<00:32:23.919> I<00:32:24.080> I'll<00:32:24.279> focus<00:32:24.679> on<00:32:25.480> uh<00:32:25.720> my<00:32:25.960> little align:start position:0% enforcer so I I'll focus on uh my little align:start position:0% enforcer so I I'll focus on uh my little uh<00:32:26.720> area<00:32:27.000> of<00:32:27.159> the<00:32:27.279> world<00:32:27.639> which<00:32:28.159> competition align:start position:0% uh area of the world which competition align:start position:0% uh area of the world which competition policy<00:32:29.120> and<00:32:29.279> let<00:32:29.600> tax<00:32:29.960> experts<00:32:30.440> focus<00:32:30.760> on align:start position:0% policy and let tax experts focus on align:start position:0% policy and let tax experts focus on those<00:32:31.200> other<00:32:31.480> things<00:32:31.880> but<00:32:32.440> when<00:32:32.600> it<00:32:32.799> comes<00:32:33.080> to align:start position:0% those other things but when it comes to align:start position:0% those other things but when it comes to making<00:32:33.760> sure<00:32:34.159> that<00:32:35.000> um<00:32:35.440> businesses<00:32:36.000> including align:start position:0% making sure that um businesses including align:start position:0% making sure that um businesses including startups<00:32:37.000> have<00:32:37.120> the<00:32:37.279> ability<00:32:37.679> to<00:32:38.000> to<00:32:38.240> thrive align:start position:0% startups have the ability to to thrive align:start position:0% startups have the ability to to thrive and<00:32:38.960> compete<00:32:39.840> and<00:32:40.159> grow<00:32:41.159> uh<00:32:41.480> and<00:32:42.159> um<00:32:42.799> that's align:start position:0% and compete and grow uh and um that's align:start position:0% and compete and grow uh and um that's that's<00:32:43.519> our<00:32:43.880> focus<00:32:44.200> when<00:32:44.320> it<00:32:44.440> comes<00:32:44.639> to align:start position:0% that's our focus when it comes to align:start position:0% that's our focus when it comes to thinking<00:32:45.120> about<00:32:45.279> the<00:32:45.399> tech<00:32:45.679> ecosystem<00:32:46.399> and align:start position:0% thinking about the tech ecosystem and align:start position:0% thinking about the tech ecosystem and I'll<00:32:47.039> kind<00:32:47.159> of<00:32:47.360> finish<00:32:47.639> where<00:32:47.799> I<00:32:47.960> started<00:32:48.480> or align:start position:0% I'll kind of finish where I started or align:start position:0% I'll kind of finish where I started or which<00:32:49.480> is<00:32:50.000> um<00:32:50.240> you<00:32:50.360> know<00:32:50.519> I<00:32:50.639> think<00:32:51.000> you<00:32:51.240> know align:start position:0% which is um you know I think you know align:start position:0% which is um you know I think you know competition<00:32:53.480> um<00:32:54.120> is<00:32:54.399> healthy<00:32:55.399> competition<00:32:56.399> is align:start position:0% competition um is healthy competition is align:start position:0% competition um is healthy competition is a<00:32:57.159> force<00:32:57.559> m<00:32:58.120> multiplier<00:32:59.120> and<00:32:59.679> strong align:start position:0% a force m multiplier and strong align:start position:0% a force m multiplier and strong competitive<00:33:00.600> markets<00:33:01.080> can<00:33:01.360> often<00:33:02.360> uh align:start position:0% competitive markets can often uh align:start position:0% competitive markets can often uh minimize<00:33:03.639> um<00:33:03.919> if<00:33:04.080> not<00:33:04.480> entirely<00:33:04.960> eliminate align:start position:0% minimize um if not entirely eliminate align:start position:0% minimize um if not entirely eliminate the<00:33:05.559> need<00:33:05.919> for<00:33:06.679> invasive<00:33:07.240> regulation<00:33:07.919> and<00:33:08.080> so align:start position:0% the need for invasive regulation and so align:start position:0% the need for invasive regulation and so when<00:33:08.720> we<00:33:08.880> have<00:33:09.000> an<00:33:09.159> inflection<00:33:09.600> point<00:33:09.919> like<00:33:10.080> we align:start position:0% when we have an inflection point like we align:start position:0% when we have an inflection point like we have<00:33:10.480> now<00:33:11.279> it<00:33:11.399> is<00:33:11.600> the<00:33:11.799> time<00:33:12.120> to<00:33:12.320> make<00:33:12.480> sure align:start position:0% have now it is the time to make sure align:start position:0% have now it is the time to make sure that<00:33:12.840> we're<00:33:13.039> doing<00:33:13.720> a<00:33:13.880> little<00:33:14.039> bit<00:33:14.200> of<00:33:14.360> work<00:33:14.519> on align:start position:0% that we're doing a little bit of work on align:start position:0% that we're doing a little bit of work on the<00:33:14.799> front<00:33:15.039> end<00:33:15.360> to<00:33:15.559> keep<00:33:15.720> our<00:33:15.880> markets align:start position:0% the front end to keep our markets align:start position:0% the front end to keep our markets competitive<00:33:17.639> um<00:33:17.880> so<00:33:18.200> that<00:33:18.960> um<00:33:19.200> we<00:33:19.320> can<00:33:19.480> see<00:33:19.919> as align:start position:0% competitive um so that um we can see as align:start position:0% competitive um so that um we can see as many<00:33:20.799> of<00:33:21.200> our<00:33:21.440> great<00:33:21.840> business<00:33:22.200> ideas<00:33:22.840> succeed align:start position:0% many of our great business ideas succeed align:start position:0% many of our great business ideas succeed and<00:33:23.600> Thrive<00:33:24.080> and<00:33:24.240> stay<00:33:24.440> in<00:33:24.600> the<00:33:24.760> market<00:33:25.639> and align:start position:0% and Thrive and stay in the market and align:start position:0% and Thrive and stay in the market and even<00:33:27.080> um<00:33:27.480> um<00:33:27.840> become<00:33:28.159> big<00:33:28.639> open<00:33:29.240> public align:start position:0% even um um become big open public align:start position:0% even um um become big open public businesses<00:33:32.080> thank<00:33:32.240> you<00:33:32.399> so<00:33:32.639> much<00:33:33.080> really align:start position:0% businesses thank you so much really align:start position:0% businesses thank you so much really appreciate align:start position:0% appreciate align:start position:0% appreciate it<00:33:35.600> thank align:start position:0% it thank align:start position:0% it thank [Applause] align:start position:0% [Applause] align:start position:0% [Applause] you<00:33:41.720> hi<00:33:41.919> everybody<00:33:42.480> I'm<00:33:42.760> Luther<00:33:43.080> low<00:33:43.320> head<00:33:43.440> of align:start position:0% you hi everybody I'm Luther low head of align:start position:0% you hi everybody I'm Luther low head of public<00:33:43.880> policy<00:33:44.200> for<00:33:44.399> YC<00:33:45.240> so<00:33:46.039> uh<00:33:46.960> at<00:33:47.120> YC<00:33:47.399> we're align:start position:0% public policy for YC so uh at YC we're align:start position:0% public policy for YC so uh at YC we're all<00:33:47.679> about<00:33:47.840> our<00:33:47.960> Founders<00:33:48.720> and<00:33:48.880> so<00:33:49.200> between align:start position:0% all about our Founders and so between align:start position:0% all about our Founders and so between each<00:33:49.720> of<00:33:49.919> these<00:33:50.159> policy<00:33:50.519> conversations<00:33:51.039> we're align:start position:0% each of these policy conversations we're align:start position:0% each of these policy conversations we're going<00:33:51.279> to<00:33:51.440> have<00:33:52.039> uh<00:33:52.200> demos<00:33:52.720> from<00:33:53.200> our align:start position:0% going to have uh demos from our align:start position:0% going to have uh demos from our community<00:33:54.360> uh<00:33:54.480> so<00:33:54.600> I'm<00:33:54.679> going<00:33:54.760> to<00:33:54.840> hand<00:33:54.960> it align:start position:0% community uh so I'm going to hand it align:start position:0% community uh so I'm going to hand it over<00:33:55.279> to<00:33:56.039> uh<00:33:56.159> Mike<00:33:56.399> n<00:33:56.760> and<00:33:56.919> saier<00:33:57.760> we're<00:33:57.880> going align:start position:0% over to uh Mike n and saier we're going align:start position:0% over to uh Mike n and saier we're going to<00:33:58.279> sort<00:33:58.480> of<00:33:58.559> feature<00:33:58.919> how<00:33:59.080> some<00:33:59.240> of<00:33:59.720> our align:start position:0% to sort of feature how some of our align:start position:0% to sort of feature how some of our community<00:34:00.159> is<00:34:00.279> using<00:34:00.559> AI<00:34:01.480> all<00:34:01.559> right<00:34:01.720> hi align:start position:0% community is using AI all right hi align:start position:0% community is using AI all right hi everyone<00:34:03.279> uh<00:34:03.399> first<00:34:03.559> of<00:34:03.679> all<00:34:03.840> thank<00:34:04.000> you<00:34:04.159> Gary align:start position:0% everyone uh first of all thank you Gary align:start position:0% everyone uh first of all thank you Gary and<00:34:04.880> uh<00:34:05.000> Luther<00:34:05.480> for<00:34:05.880> organizing<00:34:06.440> this<00:34:06.559> event align:start position:0% and uh Luther for organizing this event align:start position:0% and uh Luther for organizing this event and<00:34:07.320> uh<00:34:07.440> inviting<00:34:07.799> me<00:34:07.960> to<00:34:08.280> give<00:34:08.399> a<00:34:08.560> demo<00:34:09.560> I'm align:start position:0% and uh inviting me to give a demo I'm align:start position:0% and uh inviting me to give a demo I'm Mike<00:34:10.040> I'm<00:34:10.159> one<00:34:10.280> of<00:34:10.359> the<00:34:10.720> co-founders<00:34:11.720> uh<00:34:11.879> and align:start position:0% Mike I'm one of the co-founders uh and align:start position:0% Mike I'm one of the co-founders uh and the<00:34:12.079> head<00:34:12.200> of<00:34:12.320> AI<00:34:12.599> at<00:34:13.000> zapier<00:34:14.000> and<00:34:14.320> my<00:34:14.520> personal align:start position:0% the head of AI at zapier and my personal align:start position:0% the head of AI at zapier and my personal mission<00:34:15.159> is<00:34:15.240> to<00:34:15.399> pull<00:34:15.560> forward<00:34:15.839> the<00:34:15.919> future<00:34:16.879> so align:start position:0% mission is to pull forward the future so align:start position:0% mission is to pull forward the future so that<00:34:17.159> more<00:34:17.359> people<00:34:17.639> can<00:34:17.839> experience<00:34:18.359> the align:start position:0% that more people can experience the align:start position:0% that more people can experience the extraordinary<00:34:19.119> benefits<00:34:19.760> of<00:34:19.960> future align:start position:0% extraordinary benefits of future align:start position:0% extraordinary benefits of future technology<00:34:21.200> today<00:34:22.200> zapier<00:34:22.800> is<00:34:23.000> workflow align:start position:0% technology today zapier is workflow align:start position:0% technology today zapier is workflow automation<00:34:23.760> software<00:34:24.520> we<00:34:24.599> are<00:34:24.760> used<00:34:25.000> by align:start position:0% automation software we are used by align:start position:0% automation software we are used by millions<00:34:25.440> of<00:34:25.560> businesses<00:34:25.919> across<00:34:26.119> the<00:34:26.240> United align:start position:0% millions of businesses across the United align:start position:0% millions of businesses across the United States<00:34:27.119> uh<00:34:27.240> the<00:34:27.320> vast<00:34:27.480> major<00:34:27.679> majority<00:34:27.919> of<00:34:27.960> our align:start position:0% States uh the vast major majority of our align:start position:0% States uh the vast major majority of our customers<00:34:28.359> are<00:34:28.520> smbs<00:34:29.200> so<00:34:29.520> small<00:34:29.760> mediumsized align:start position:0% customers are smbs so small mediumsized align:start position:0% customers are smbs so small mediumsized businesses<00:34:30.800> think<00:34:31.000> like<00:34:31.119> one<00:34:31.320> to<00:34:31.520> five<00:34:32.359> uh align:start position:0% businesses think like one to five uh align:start position:0% businesses think like one to five uh people<00:34:33.079> companies<00:34:34.079> and<00:34:34.359> I<00:34:34.560> find<00:34:34.800> automation align:start position:0% people companies and I find automation align:start position:0% people companies and I find automation can<00:34:35.359> often<00:34:35.560> be<00:34:35.720> a<00:34:35.800> little<00:34:36.000> abstract<00:34:36.399> to align:start position:0% can often be a little abstract to align:start position:0% can often be a little abstract to explain<00:34:36.919> so<00:34:37.079> what<00:34:37.159> I<00:34:37.240> wanted<00:34:37.440> to<00:34:37.520> do<00:34:37.800> is<00:34:37.919> I align:start position:0% explain so what I wanted to do is I align:start position:0% explain so what I wanted to do is I wanted<00:34:38.200> to<00:34:38.280> show<00:34:38.480> you<00:34:38.639> all<00:34:38.839> a<00:34:38.960> quick<00:34:39.119> demo<00:34:39.599> of align:start position:0% wanted to show you all a quick demo of align:start position:0% wanted to show you all a quick demo of how<00:34:40.119> zapier<00:34:40.639> Automation<00:34:41.200> and<00:34:41.399> AI<00:34:41.679> are<00:34:41.760> working align:start position:0% how zapier Automation and AI are working align:start position:0% how zapier Automation and AI are working together<00:34:42.280> to<00:34:42.399> serve<00:34:42.960> many<00:34:43.159> of<00:34:43.240> the<00:34:43.320> business align:start position:0% together to serve many of the business align:start position:0% together to serve many of the business across<00:34:43.960> the<00:34:44.040> US<00:34:44.760> uh<00:34:44.879> let's<00:34:45.040> imagine<00:34:45.280> you're<00:34:45.440> an align:start position:0% across the US uh let's imagine you're an align:start position:0% across the US uh let's imagine you're an SB<00:34:45.960> we're<00:34:46.040> going<00:34:46.119> to<00:34:46.200> use<00:34:46.399> like<00:34:46.520> imagine align:start position:0% SB we're going to use like imagine align:start position:0% SB we're going to use like imagine you're<00:34:46.879> a<00:34:47.000> coffee<00:34:47.280> shop<00:34:48.079> and<00:34:48.200> you<00:34:48.280> get align:start position:0% you're a coffee shop and you get align:start position:0% you're a coffee shop and you get hundreds<00:34:48.720> of<00:34:48.919> customer<00:34:49.240> emails<00:34:49.720> every<00:34:49.960> week align:start position:0% hundreds of customer emails every week align:start position:0% hundreds of customer emails every week and<00:34:51.079> your<00:34:51.200> teams<00:34:51.520> responding<00:34:51.919> these<00:34:52.000> emails align:start position:0% and your teams responding these emails align:start position:0% and your teams responding these emails but<00:34:52.480> you<00:34:52.560> as<00:34:52.639> the<00:34:52.720> manager<00:34:53.079> the<00:34:53.159> owner<00:34:53.359> you align:start position:0% but you as the manager the owner you align:start position:0% but you as the manager the owner you want<00:34:53.520> to<00:34:53.599> try<00:34:53.720> and<00:34:53.800> get<00:34:53.879> a<00:34:53.960> summary<00:34:54.399> what<00:34:54.480> are align:start position:0% want to try and get a summary what are align:start position:0% want to try and get a summary what are all<00:34:54.879> what's<00:34:55.000> a<00:34:55.119> good<00:34:55.240> summary<00:34:55.520> of<00:34:55.679> all<00:34:55.800> the align:start position:0% all what's a good summary of all the align:start position:0% all what's a good summary of all the things<00:34:56.040> that<00:34:56.200> people<00:34:56.320> are<00:34:56.399> writing<00:34:56.679> about<00:34:56.879> in align:start position:0% things that people are writing about in align:start position:0% things that people are writing about in about<00:34:57.720> so<00:34:57.880> that<00:34:57.960> you<00:34:58.079> can<00:34:58.160> Orient<00:34:58.440> your align:start position:0% about so that you can Orient your align:start position:0% about so that you can Orient your attention<00:34:58.839> and<00:34:58.960> spend<00:34:59.200> time<00:34:59.320> improving<00:34:59.640> your align:start position:0% attention and spend time improving your align:start position:0% attention and spend time improving your business<00:35:00.800> I<00:35:00.920> know<00:35:01.040> we<00:35:01.160> have<00:35:01.240> a<00:35:01.320> lot<00:35:01.440> of<00:35:01.720> policy align:start position:0% business I know we have a lot of policy align:start position:0% business I know we have a lot of policy makers<00:35:02.400> and<00:35:02.760> representatives<00:35:03.240> in<00:35:03.320> the<00:35:03.400> room align:start position:0% makers and representatives in the room align:start position:0% makers and representatives in the room too<00:35:03.960> so<00:35:04.200> maybe<00:35:04.400> in<00:35:04.480> your<00:35:04.599> world<00:35:04.760> you<00:35:04.839> can align:start position:0% too so maybe in your world you can align:start position:0% too so maybe in your world you can imagine<00:35:05.200> you're<00:35:05.320> getting<00:35:05.480> hundreds<00:35:05.800> of align:start position:0% imagine you're getting hundreds of align:start position:0% imagine you're getting hundreds of emails<00:35:06.240> from<00:35:06.480> constituents<00:35:07.000> and<00:35:07.079> you<00:35:07.160> want<00:35:07.240> to align:start position:0% emails from constituents and you want to align:start position:0% emails from constituents and you want to try<00:35:07.480> and<00:35:07.560> get<00:35:07.680> that<00:35:07.839> summary<00:35:08.200> of<00:35:08.599> what<00:35:08.720> are<00:35:08.880> the align:start position:0% try and get that summary of what are the align:start position:0% try and get that summary of what are the top<00:35:09.240> things<00:35:09.520> on<00:35:09.680> everyone's<00:35:10.040> mind<00:35:10.240> so<00:35:10.359> you<00:35:10.440> can align:start position:0% top things on everyone's mind so you can align:start position:0% top things on everyone's mind so you can make<00:35:10.800> be<00:35:10.920> better<00:35:11.119> informed<00:35:11.440> and<00:35:11.520> make<00:35:11.680> better align:start position:0% make be better informed and make better align:start position:0% make be better informed and make better decisions<00:35:12.240> about<00:35:12.400> where<00:35:12.480> you<00:35:12.599> spend<00:35:12.800> your align:start position:0% decisions about where you spend your align:start position:0% decisions about where you spend your time<00:35:13.520> so<00:35:13.720> that's<00:35:13.880> the<00:35:14.040> problem<00:35:14.720> and<00:35:14.960> this<00:35:15.160> is<00:35:15.400> a align:start position:0% time so that's the problem and this is a align:start position:0% time so that's the problem and this is a solution<00:35:15.960> this<00:35:16.079> is<00:35:16.280> a<00:35:16.440> zap<00:35:16.720> it's<00:35:16.920> what<00:35:17.079> our align:start position:0% solution this is a zap it's what our align:start position:0% solution this is a zap it's what our what<00:35:17.359> we<00:35:17.480> call<00:35:17.599> our<00:35:17.960> Automation<00:35:18.960> and<00:35:19.200> what<00:35:19.320> I'm align:start position:0% what we call our Automation and what I'm align:start position:0% what we call our Automation and what I'm going<00:35:19.480> to<00:35:19.599> do<00:35:19.720> is<00:35:19.800> I'm<00:35:19.880> going<00:35:19.960> to<00:35:20.079> kick<00:35:20.240> this align:start position:0% going to do is I'm going to kick this align:start position:0% going to do is I'm going to kick this off<00:35:20.640> by<00:35:20.760> sending<00:35:21.079> in<00:35:21.440> an<00:35:21.520> email<00:35:22.040> to<00:35:22.320> this<00:35:22.560> like align:start position:0% off by sending in an email to this like align:start position:0% off by sending in an email to this like fake<00:35:23.359> uh<00:35:23.440> email<00:35:23.760> Dropbox<00:35:24.160> that<00:35:24.280> I<00:35:24.359> set<00:35:24.520> up<00:35:24.640> for align:start position:0% fake uh email Dropbox that I set up for align:start position:0% fake uh email Dropbox that I set up for this<00:35:24.880> like<00:35:25.000> fake<00:35:25.200> coffee<00:35:25.520> business<00:35:26.240> uh<00:35:26.400> hey align:start position:0% this like fake coffee business uh hey align:start position:0% this like fake coffee business uh hey are<00:35:26.640> you<00:35:26.760> open<00:35:27.000> during<00:35:27.160> Memorial<00:35:27.520> Day<00:35:27.760> okay align:start position:0% are you open during Memorial Day okay align:start position:0% are you open during Memorial Day okay and<00:35:28.320> I'll<00:35:28.480> hit<00:35:28.599> send<00:35:28.760> on<00:35:28.920> this<00:35:29.440> email<00:35:30.440> and<00:35:30.599> let align:start position:0% and I'll hit send on this email and let align:start position:0% and I'll hit send on this email and let me<00:35:30.839> talk<00:35:31.000> through<00:35:31.119> what<00:35:31.240> zappier<00:35:31.599> does<00:35:31.800> here align:start position:0% me talk through what zappier does here align:start position:0% me talk through what zappier does here so<00:35:32.280> this<00:35:32.560> is<00:35:32.760> a<00:35:32.920> zap<00:35:33.160> that<00:35:33.240> I<00:35:33.359> set<00:35:33.520> up<00:35:33.920> uh<00:35:34.160> ahead align:start position:0% so this is a zap that I set up uh ahead align:start position:0% so this is a zap that I set up uh ahead of<00:35:34.480> time<00:35:34.920> and<00:35:35.200> it's<00:35:35.359> going<00:35:35.880> zapper<00:35:36.160> is<00:35:36.200> going align:start position:0% of time and it's going zapper is going align:start position:0% of time and it's going zapper is going to<00:35:36.400> receive<00:35:36.640> anybody<00:35:37.040> emails<00:35:37.400> that<00:35:38.160> that<00:35:38.440> uh align:start position:0% to receive anybody emails that that uh align:start position:0% to receive anybody emails that that uh email<00:35:38.839> it's<00:35:38.960> going<00:35:39.040> to<00:35:39.280> add<00:35:39.400> it<00:35:39.480> to<00:35:39.599> a align:start position:0% email it's going to add it to a align:start position:0% email it's going to add it to a spreadsheet<00:35:40.800> once<00:35:41.200> we<00:35:41.400> collect<00:35:41.760> 100<00:35:41.920> emails align:start position:0% spreadsheet once we collect 100 emails align:start position:0% spreadsheet once we collect 100 emails in<00:35:42.280> that<00:35:42.359> spreadsheet<00:35:42.760> zapper<00:35:43.040> is<00:35:43.119> going<00:35:43.200> to align:start position:0% in that spreadsheet zapper is going to align:start position:0% in that spreadsheet zapper is going to release<00:35:43.560> those<00:35:43.760> and<00:35:43.839> ask<00:35:44.000> chat<00:35:44.320> PT<00:35:44.560> to<00:35:44.640> create align:start position:0% release those and ask chat PT to create align:start position:0% release those and ask chat PT to create a<00:35:44.920> summary<00:35:45.240> and<00:35:45.400> extract<00:35:45.720> out<00:35:45.960> insights<00:35:46.359> from align:start position:0% a summary and extract out insights from align:start position:0% a summary and extract out insights from that<00:35:47.000> and<00:35:47.119> then<00:35:47.200> it's<00:35:47.320> going<00:35:47.400> to<00:35:47.480> email<00:35:47.720> me align:start position:0% that and then it's going to email me align:start position:0% that and then it's going to email me back<00:35:48.200> a<00:35:48.320> good<00:35:48.480> summary<00:35:49.280> of<00:35:49.520> all<00:35:49.640> of<00:35:49.800> the<00:35:49.920> things align:start position:0% back a good summary of all of the things align:start position:0% back a good summary of all of the things that<00:35:50.359> I've<00:35:50.520> collected<00:35:50.920> so<00:35:51.440> far<00:35:52.440> this<00:35:52.680> is<00:35:52.960> the align:start position:0% that I've collected so far this is the align:start position:0% that I've collected so far this is the uh<00:35:53.240> the<00:35:53.359> spreadsheet<00:35:53.800> that<00:35:53.880> I've<00:35:54.000> got<00:35:54.119> I've align:start position:0% uh the spreadsheet that I've got I've align:start position:0% uh the spreadsheet that I've got I've got<00:35:54.319> a<00:35:54.440> bunch<00:35:54.599> of<00:35:54.960> uh<00:35:55.079> emails<00:35:55.440> already<00:35:55.640> in<00:35:55.720> here align:start position:0% got a bunch of uh emails already in here align:start position:0% got a bunch of uh emails already in here that<00:35:55.960> are<00:35:56.040> sort<00:35:56.200> of<00:35:56.280> fake<00:35:56.440> and<00:35:56.599> representative align:start position:0% that are sort of fake and representative align:start position:0% that are sort of fake and representative and<00:35:57.319> there<00:35:57.400> we<00:35:57.520> can<00:35:57.640> can<00:35:57.760> see<00:35:58.040> my<00:35:58.400> uh<00:35:58.520> email align:start position:0% and there we can can see my uh email align:start position:0% and there we can can see my uh email that<00:35:58.880> I<00:35:59.000> just<00:35:59.119> sent<00:35:59.680> got<00:35:59.839> automatically<00:36:00.319> added align:start position:0% that I just sent got automatically added align:start position:0% that I just sent got automatically added to<00:36:00.839> the<00:36:01.079> bottom<00:36:02.079> and<00:36:02.319> if<00:36:02.480> I<00:36:02.640> flip<00:36:02.920> back<00:36:03.040> to<00:36:03.119> my align:start position:0% to the bottom and if I flip back to my align:start position:0% to the bottom and if I flip back to my inbox<00:36:04.400> hopefully<00:36:05.400> there<00:36:05.599> we<00:36:05.720> go<00:36:05.960> just<00:36:06.079> got<00:36:06.240> the align:start position:0% inbox hopefully there we go just got the align:start position:0% inbox hopefully there we go just got the summary<00:36:06.920> back<00:36:07.720> and<00:36:07.839> this<00:36:07.960> is<00:36:08.040> a<00:36:08.200> live<00:36:08.400> summary align:start position:0% summary back and this is a live summary align:start position:0% summary back and this is a live summary that<00:36:08.960> was<00:36:09.119> automatically<00:36:09.560> generated<00:36:09.920> using align:start position:0% that was automatically generated using align:start position:0% that was automatically generated using zappier<00:36:10.560> chiped<00:36:11.079> mode<00:36:11.240> back<00:36:11.400> to<00:36:11.520> about<00:36:11.720> looks align:start position:0% zappier chiped mode back to about looks align:start position:0% zappier chiped mode back to about looks like<00:36:12.400> some<00:36:12.560> order<00:36:12.800> shipping<00:36:13.160> issues<00:36:13.599> product align:start position:0% like some order shipping issues product align:start position:0% like some order shipping issues product quality<00:36:14.160> concerns<00:36:15.119> refund<00:36:15.599> requests<00:36:16.240> uh<00:36:16.359> all align:start position:0% quality concerns refund requests uh all align:start position:0% quality concerns refund requests uh all right<00:36:16.560> I<00:36:16.640> got<00:36:16.720> a<00:36:16.839> lot<00:36:16.960> to<00:36:17.200> lot<00:36:17.359> to<00:36:17.440> work<00:36:17.599> on<00:36:17.720> for align:start position:0% right I got a lot to lot to work on for align:start position:0% right I got a lot to lot to work on for this<00:36:18.000> business<00:36:18.359> so<00:36:18.480> this<00:36:18.560> is<00:36:18.640> a<00:36:18.720> good<00:36:18.880> example align:start position:0% this business so this is a good example align:start position:0% this business so this is a good example this<00:36:19.240> is<00:36:19.319> just<00:36:19.440> one<00:36:19.560> of<00:36:19.680> the<00:36:19.760> millions<00:36:20.079> of align:start position:0% this is just one of the millions of align:start position:0% this is just one of the millions of things<00:36:20.720> that<00:36:21.000> folks<00:36:21.280> use<00:36:21.880> uh<00:36:22.000> zapier<00:36:22.480> for align:start position:0% things that folks use uh zapier for align:start position:0% things that folks use uh zapier for zapier<00:36:23.119> supports<00:36:23.680> 7,000<00:36:24.160> Integrations<00:36:24.599> on align:start position:0% zapier supports 7,000 Integrations on align:start position:0% zapier supports 7,000 Integrations on our<00:36:24.880> platform<00:36:25.319> and<00:36:25.680> our<00:36:25.800> users<00:36:26.240> plug-and align:start position:0% our platform and our users plug-and align:start position:0% our platform and our users plug-and playay<00:36:27.280> uh<00:36:27.960> those<00:36:28.119> Integrations<00:36:28.599> to<00:36:28.720> build align:start position:0% playay uh those Integrations to build align:start position:0% playay uh those Integrations to build things<00:36:29.040> that<00:36:29.160> they<00:36:29.240> care<00:36:29.400> about<00:36:29.720> one<00:36:29.839> of<00:36:29.920> the align:start position:0% things that they care about one of the align:start position:0% things that they care about one of the things<00:36:30.200> that<00:36:30.319> I've<00:36:30.440> learned<00:36:31.079> is<00:36:31.480> that<00:36:31.640> over align:start position:0% things that I've learned is that over align:start position:0% things that I've learned is that over the<00:36:31.880> last<00:36:32.040> couple<00:36:32.319> years<00:36:32.680> is<00:36:32.839> that<00:36:33.079> Ai<00:36:33.440> and align:start position:0% the last couple years is that Ai and align:start position:0% the last couple years is that Ai and automation<00:36:34.440> I<00:36:34.520> think<00:36:34.640> are<00:36:34.880> synonymous<00:36:35.599> in<00:36:35.800> a align:start position:0% automation I think are synonymous in a align:start position:0% automation I think are synonymous in a lot<00:36:36.000> of<00:36:36.119> our<00:36:36.280> users<00:36:37.079> Minds<00:36:38.079> um<00:36:38.200> the<00:36:38.359> promise<00:36:38.599> of align:start position:0% lot of our users Minds um the promise of align:start position:0% lot of our users Minds um the promise of both<00:36:39.119> is<00:36:39.280> software<00:36:39.800> that<00:36:39.960> just<00:36:40.079> does<00:36:40.280> more align:start position:0% both is software that just does more align:start position:0% both is software that just does more work<00:36:40.599> for<00:36:40.800> you<00:36:41.240> and<00:36:41.359> I<00:36:41.440> think<00:36:41.640> this<00:36:42.000> uh<00:36:42.119> Insight align:start position:0% work for you and I think this uh Insight align:start position:0% work for you and I think this uh Insight was<00:36:42.640> what<00:36:42.760> led<00:36:42.920> us<00:36:43.079> to<00:36:43.359> go<00:36:43.720> in<00:36:43.960> all<00:36:44.160> in<00:36:44.520> very align:start position:0% was what led us to go in all in very align:start position:0% was what led us to go in all in very early<00:36:45.200> in<00:36:45.400> AI<00:36:45.760> in<00:36:45.920> fact<00:36:46.599> uh<00:36:46.720> zappier<00:36:47.079> went<00:36:47.200> all align:start position:0% early in AI in fact uh zappier went all align:start position:0% early in AI in fact uh zappier went all in<00:36:47.440> on<00:36:47.560> AI<00:36:47.839> I<00:36:47.960> personally<00:36:48.280> did<00:36:48.480> in<00:36:48.560> the<00:36:48.640> summer align:start position:0% in on AI I personally did in the summer align:start position:0% in on AI I personally did in the summer of<00:36:49.040> 2022<00:36:49.720> almost<00:36:49.960> six<00:36:50.160> months<00:36:50.560> before<00:36:50.839> chat<00:36:51.280> PT align:start position:0% of 2022 almost six months before chat PT align:start position:0% of 2022 almost six months before chat PT uh<00:36:52.000> was<00:36:52.160> released<00:36:52.920> and<00:36:53.240> zapier<00:36:53.720> is<00:36:53.839> running align:start position:0% uh was released and zapier is running align:start position:0% uh was released and zapier is running about<00:36:54.280> 10<00:36:54.520> million<00:36:54.920> fully<00:36:55.160> automated<00:36:55.640> AI align:start position:0% about 10 million fully automated AI align:start position:0% about 10 million fully automated AI tasks<00:36:56.280> per<00:36:56.400> month<00:36:56.599> at<00:36:56.720> this<00:36:56.800> point<00:36:57.040> I<00:36:57.119> think align:start position:0% tasks per month at this point I think align:start position:0% tasks per month at this point I think that<00:36:57.760> zappier<00:36:58.520> the<00:36:58.800> largest<00:36:59.200> fully<00:36:59.440> automated align:start position:0% that zappier the largest fully automated align:start position:0% that zappier the largest fully automated AI<00:37:00.079> platform<00:37:00.400> in<00:37:00.480> the<00:37:00.560> world<00:37:00.960> at<00:37:01.119> this<00:37:01.240> point align:start position:0% AI platform in the world at this point align:start position:0% AI platform in the world at this point and<00:37:01.960> that<00:37:02.079> usage<00:37:02.400> has<00:37:02.520> given<00:37:02.720> us<00:37:02.800> a<00:37:02.920> front<00:37:03.160> row align:start position:0% and that usage has given us a front row align:start position:0% and that usage has given us a front row seat<00:37:03.800> into<00:37:04.800> what<00:37:05.000> are<00:37:05.280> what's<00:37:05.480> the<00:37:05.640> promise<00:37:05.880> of align:start position:0% seat into what are what's the promise of align:start position:0% seat into what are what's the promise of the<00:37:06.119> technology<00:37:06.520> what<00:37:06.599> are<00:37:06.760> people<00:37:06.960> trying<00:37:07.240> to align:start position:0% the technology what are people trying to align:start position:0% the technology what are people trying to do<00:37:07.520> with<00:37:07.640> this<00:37:07.800> stuff<00:37:08.160> and<00:37:08.319> also<00:37:08.520> what<00:37:08.640> are<00:37:08.720> the align:start position:0% do with this stuff and also what are the align:start position:0% do with this stuff and also what are the fundamental<00:37:09.200> limitations<00:37:09.640> that<00:37:09.720> they're align:start position:0% fundamental limitations that they're align:start position:0% fundamental limitations that they're running<00:37:10.079> into<00:37:10.520> and<00:37:10.640> what<00:37:10.760> I'm<00:37:10.880> seeing<00:37:11.160> is<00:37:11.400> this align:start position:0% running into and what I'm seeing is this align:start position:0% running into and what I'm seeing is this the<00:37:12.000> number<00:37:12.240> one<00:37:12.560> problem<00:37:12.920> right<00:37:13.040> now<00:37:13.319> is<00:37:13.560> low align:start position:0% the number one problem right now is low align:start position:0% the number one problem right now is low user<00:37:14.040> trust<00:37:14.800> that's<00:37:15.040> due<00:37:15.240> to<00:37:15.440> low<00:37:15.760> accuracy align:start position:0% user trust that's due to low accuracy align:start position:0% user trust that's due to low accuracy and<00:37:16.400> low<00:37:16.640> reliability<00:37:17.200> of<00:37:17.319> language<00:37:17.839> models align:start position:0% and low reliability of language models align:start position:0% and low reliability of language models and<00:37:19.000> it<00:37:19.200> seems<00:37:20.040> because<00:37:20.240> we've<00:37:20.359> been<00:37:20.480> tracking align:start position:0% and it seems because we've been tracking align:start position:0% and it seems because we've been tracking this<00:37:20.880> for<00:37:21.000> a<00:37:21.079> few<00:37:21.280> years<00:37:21.480> now<00:37:21.760> it<00:37:21.839> seems<00:37:22.240> those align:start position:0% this for a few years now it seems those align:start position:0% this for a few years now it seems those problems<00:37:22.760> are<00:37:22.960> not<00:37:23.160> going<00:37:23.400> away<00:37:23.560> with<00:37:23.680> scale align:start position:0% problems are not going away with scale align:start position:0% problems are not going away with scale and<00:37:24.119> this<00:37:24.240> was<00:37:24.400> my<00:37:24.560> first<00:37:24.880> hint<00:37:25.680> that<00:37:25.920> the align:start position:0% and this was my first hint that the align:start position:0% and this was my first hint that the underlying<00:37:26.480> language<00:37:26.800> model<00:37:27.040> technology align:start position:0% underlying language model technology align:start position:0% underlying language model technology seems<00:37:28.240> like<00:37:28.359> it<00:37:28.480> might<00:37:28.599> be<00:37:28.720> inherently align:start position:0% seems like it might be inherently align:start position:0% seems like it might be inherently limited<00:37:29.920> now<00:37:30.119> of<00:37:30.240> course<00:37:30.839> AI<00:37:31.160> is<00:37:31.280> getting align:start position:0% limited now of course AI is getting align:start position:0% limited now of course AI is getting faster<00:37:32.440> cheaper<00:37:33.440> and<00:37:33.560> we<00:37:33.640> have<00:37:33.839> more<00:37:34.599> model align:start position:0% faster cheaper and we have more model align:start position:0% faster cheaper and we have more model Choice<00:37:35.119> than<00:37:35.240> ever<00:37:35.480> thanks<00:37:35.640> to<00:37:35.760> open<00:37:36.160> source align:start position:0% Choice than ever thanks to open source align:start position:0% Choice than ever thanks to open source but<00:37:37.319> as<00:37:37.400> I<00:37:37.520> dug<00:37:37.680> in<00:37:37.839> I<00:37:37.920> found<00:37:38.119> something<00:37:38.440> really align:start position:0% but as I dug in I found something really align:start position:0% but as I dug in I found something really surprising<00:37:40.040> the<00:37:40.160> AGI<00:37:40.839> Innovation align:start position:0% surprising the AGI Innovation align:start position:0% surprising the AGI Innovation environment<00:37:42.079> in<00:37:42.240> 2024<00:37:43.119> is<00:37:43.280> incredibly<00:37:44.000> weak align:start position:0% environment in 2024 is incredibly weak align:start position:0% environment in 2024 is incredibly weak and<00:37:45.000> I<00:37:45.079> think<00:37:45.319> very<00:37:45.480> few<00:37:45.680> people<00:37:45.880> realized align:start position:0% and I think very few people realized align:start position:0% and I think very few people realized this<00:37:46.720> we're<00:37:46.880> stalling<00:37:47.319> out<00:37:47.520> on<00:37:47.640> our<00:37:47.920> progress align:start position:0% this we're stalling out on our progress align:start position:0% this we're stalling out on our progress towards<00:37:48.680> AGI<00:37:49.599> and<00:37:49.760> I<00:37:49.839> think<00:37:50.000> this<00:37:50.119> is<00:37:50.319> highly align:start position:0% towards AGI and I think this is highly align:start position:0% towards AGI and I think this is highly surprising<00:37:50.920> it<00:37:51.040> was<00:37:51.200> to<00:37:51.280> me<00:37:51.920> because<00:37:52.640> big<00:37:52.880> Tech align:start position:0% surprising it was to me because big Tech align:start position:0% surprising it was to me because big Tech these<00:37:53.680> AI<00:37:54.040> Labs<00:37:54.400> a<00:37:54.480> lot<00:37:54.599> of<00:37:54.680> safety<00:37:55.000> Labs align:start position:0% these AI Labs a lot of safety Labs align:start position:0% these AI Labs a lot of safety Labs loudly<00:37:55.880> promote<00:37:56.520> this<00:37:56.720> narrative<00:37:57.280> that<00:37:57.920> scale align:start position:0% loudly promote this narrative that scale align:start position:0% loudly promote this narrative that scale is<00:37:58.440> all<00:37:58.599> we<00:37:58.720> need<00:37:58.880> to<00:37:59.000> reach<00:37:59.200> AGI<00:38:00.160> just<00:38:00.319> plug<00:38:00.520> in align:start position:0% is all we need to reach AGI just plug in align:start position:0% is all we need to reach AGI just plug in more<00:38:00.760> training<00:38:01.079> data<00:38:01.400> make<00:38:01.560> the<00:38:01.640> models align:start position:0% more training data make the models align:start position:0% more training data make the models bigger<00:38:02.760> and<00:38:02.880> we're<00:38:03.000> going<00:38:03.079> to<00:38:03.200> get<00:38:03.400> there<00:38:04.280> but align:start position:0% bigger and we're going to get there but align:start position:0% bigger and we're going to get there but this<00:38:05.000> isn't<00:38:05.280> true<00:38:05.920> now<00:38:06.040> I<00:38:06.160> grew<00:38:06.359> up<00:38:06.480> in<00:38:06.599> St align:start position:0% this isn't true now I grew up in St align:start position:0% this isn't true now I grew up in St Louis<00:38:07.040> Missouri<00:38:07.520> uh<00:38:07.640> famously<00:38:08.000> the<00:38:08.079> sh<00:38:08.359> me align:start position:0% Louis Missouri uh famously the sh me align:start position:0% Louis Missouri uh famously the sh me state<00:38:09.000> so<00:38:09.240> let<00:38:09.359> me<00:38:09.520> show<00:38:09.760> you<00:38:10.160> what<00:38:10.400> I<00:38:10.560> found align:start position:0% state so let me show you what I found align:start position:0% state so let me show you what I found that<00:38:11.079> led<00:38:11.240> me<00:38:11.319> to<00:38:11.480> believe<00:38:11.760> that<00:38:12.240> this<00:38:12.319> is<00:38:12.440> a align:start position:0% that led me to believe that this is a align:start position:0% that led me to believe that this is a chart<00:38:13.160> of<00:38:13.640> we<00:38:13.760> put<00:38:14.000> together<00:38:14.280> of<00:38:14.400> a<00:38:14.520> bunch<00:38:14.680> of align:start position:0% chart of we put together of a bunch of align:start position:0% chart of we put together of a bunch of the<00:38:14.920> most<00:38:15.200> popular<00:38:16.000> AI<00:38:16.720> benchmarks<00:38:17.440> out<00:38:17.640> there align:start position:0% the most popular AI benchmarks out there align:start position:0% the most popular AI benchmarks out there all<00:38:18.000> the<00:38:18.079> blue<00:38:18.319> lines<00:38:19.040> and<00:38:19.119> you<00:38:19.200> can<00:38:19.359> see<00:38:19.599> that align:start position:0% all the blue lines and you can see that align:start position:0% all the blue lines and you can see that over<00:38:20.200> time<00:38:20.400> over<00:38:20.560> the<00:38:20.680> last<00:38:20.839> couple<00:38:21.079> years align:start position:0% over time over the last couple years align:start position:0% over time over the last couple years progress<00:38:22.119> towards<00:38:22.400> human<00:38:22.640> level<00:38:22.880> performance align:start position:0% progress towards human level performance align:start position:0% progress towards human level performance has<00:38:23.400> been<00:38:23.599> accelerating<00:38:24.200> on<00:38:24.400> these<00:38:24.640> to<00:38:24.839> reach align:start position:0% has been accelerating on these to reach align:start position:0% has been accelerating on these to reach Human<00:38:25.359> Performance<00:38:26.079> what<00:38:26.240> I<00:38:26.760> found<00:38:27.119> is<00:38:27.200> that align:start position:0% Human Performance what I found is that align:start position:0% Human Performance what I found is that the<00:38:27.520> 's<00:38:27.760> one<00:38:28.319> eval<00:38:28.800> one<00:38:29.000> Benchmark<00:38:29.599> called<00:38:29.839> ark align:start position:0% the 's one eval one Benchmark called ark align:start position:0% the 's one eval one Benchmark called ark and<00:38:30.839> it's<00:38:31.040> the<00:38:31.359> only<00:38:31.680> world's<00:38:32.079> only<00:38:32.400> AGI<00:38:32.839> eval align:start position:0% and it's the only world's only AGI eval align:start position:0% and it's the only world's only AGI eval that<00:38:33.319> exists<00:38:33.599> in<00:38:33.760> contrast<00:38:34.119> to<00:38:34.319> all<00:38:34.440> of<00:38:34.560> the align:start position:0% that exists in contrast to all of the align:start position:0% that exists in contrast to all of the other<00:38:34.800> evals<00:38:35.160> out<00:38:35.280> there<00:38:35.400> it's<00:38:35.599> the<00:38:35.720> only<00:38:36.000> one align:start position:0% other evals out there it's the only one align:start position:0% other evals out there it's the only one that<00:38:36.680> actually<00:38:36.920> measures<00:38:37.440> AGI<00:38:38.119> instead<00:38:38.359> of align:start position:0% that actually measures AGI instead of align:start position:0% that actually measures AGI instead of the<00:38:38.560> more<00:38:38.720> narrow<00:38:39.040> form<00:38:39.480> of<00:38:39.760> AI<00:38:40.640> this align:start position:0% the more narrow form of AI this align:start position:0% the more narrow form of AI this Benchmark<00:38:41.240> was<00:38:41.400> introduced<00:38:41.800> and<00:38:41.920> created<00:38:42.200> in align:start position:0% Benchmark was introduced and created in align:start position:0% Benchmark was introduced and created in 2019<00:38:43.520> on<00:38:43.680> note<00:38:43.880> before<00:38:44.119> language<00:38:44.440> models align:start position:0% 2019 on note before language models align:start position:0% 2019 on note before language models before<00:38:45.160> any<00:38:45.319> of<00:38:45.400> the<00:38:45.560> Advent<00:38:45.800> of<00:38:45.920> scale<00:38:46.160> that align:start position:0% before any of the Advent of scale that align:start position:0% before any of the Advent of scale that we<00:38:46.400> have<00:38:46.520> today<00:38:47.400> it<00:38:47.640> remains<00:38:47.960> unbeaten<00:38:48.800> today align:start position:0% we have today it remains unbeaten today align:start position:0% we have today it remains unbeaten today now<00:38:49.440> you<00:38:49.560> might<00:38:49.760> be<00:38:49.880> curious<00:38:50.240> like<00:38:50.560> okay align:start position:0% now you might be curious like okay align:start position:0% now you might be curious like okay what's<00:38:50.839> so<00:38:51.040> special<00:38:51.280> about<00:38:51.480> this<00:38:51.599> Benchmark align:start position:0% what's so special about this Benchmark align:start position:0% what's so special about this Benchmark so<00:38:52.319> here's<00:38:52.480> an<00:38:52.640> example<00:38:53.079> this<00:38:53.200> is<00:38:53.599> uh<00:38:53.800> one<00:38:53.920> of align:start position:0% so here's an example this is uh one of align:start position:0% so here's an example this is uh one of the<00:38:54.359> 100<00:38:54.720> tasks<00:38:55.200> or<00:38:55.319> a<00:38:55.560> representative align:start position:0% the 100 tasks or a representative align:start position:0% the 100 tasks or a representative example<00:38:56.400> of<00:38:56.480> one<00:38:56.599> of<00:38:56.680> the<00:38:56.880> 100<00:38:57.040> tasks<00:38:57.240> that<00:38:57.319> are align:start position:0% example of one of the 100 tasks that are align:start position:0% example of one of the 100 tasks that are in<00:38:57.599> The<00:38:57.640> Benchmark<00:38:58.160> and<00:38:58.280> your<00:38:58.400> goal<00:38:58.599> is<00:38:58.720> to<00:38:58.800> try align:start position:0% in The Benchmark and your goal is to try align:start position:0% in The Benchmark and your goal is to try and<00:38:59.040> as<00:38:59.119> a<00:38:59.240> human<00:38:59.480> figure<00:38:59.680> out<00:38:59.839> what's<00:39:00.000> the align:start position:0% and as a human figure out what's the align:start position:0% and as a human figure out what's the pattern<00:39:00.400> between<00:39:00.680> the<00:39:00.839> task<00:39:01.079> input<00:39:01.400> and<00:39:01.480> the align:start position:0% pattern between the task input and the align:start position:0% pattern between the task input and the output<00:39:02.280> and<00:39:02.400> then<00:39:02.599> map<00:39:02.800> it<00:39:02.960> to<00:39:03.160> the<00:39:03.319> test<00:39:03.599> so<00:39:03.760> in align:start position:0% output and then map it to the test so in align:start position:0% output and then map it to the test so in this<00:39:04.000> case<00:39:04.160> you<00:39:04.319> might<00:39:04.720> you<00:39:04.839> know<00:39:05.119> see<00:39:05.599> okay<00:39:05.680> it align:start position:0% this case you might you know see okay it align:start position:0% this case you might you know see okay it looks<00:39:06.000> like<00:39:06.119> we're<00:39:06.280> trying<00:39:06.520> to<00:39:06.720> do<00:39:07.440> you<00:39:07.599> know align:start position:0% looks like we're trying to do you know align:start position:0% looks like we're trying to do you know maybe<00:39:08.119> fill<00:39:08.359> in<00:39:08.599> these<00:39:09.200> uh<00:39:09.599> blocks<00:39:10.200> with<00:39:11.000> the align:start position:0% maybe fill in these uh blocks with the align:start position:0% maybe fill in these uh blocks with the square<00:39:11.480> with<00:39:11.560> the<00:39:11.680> dark<00:39:11.880> blue<00:39:12.240> and<00:39:12.319> we<00:39:12.440> can align:start position:0% square with the dark blue and we can align:start position:0% square with the dark blue and we can check<00:39:12.720> our<00:39:13.119> answer<00:39:14.119> and<00:39:14.280> there<00:39:14.359> we<00:39:14.480> go align:start position:0% check our answer and there we go align:start position:0% check our answer and there we go confetti<00:39:15.079> we<00:39:15.160> got<00:39:15.240> it<00:39:15.440> right<00:39:15.800> so<00:39:16.200> uh<00:39:16.280> this<00:39:16.359> is align:start position:0% confetti we got it right so uh this is align:start position:0% confetti we got it right so uh this is an<00:39:16.640> example<00:39:16.960> task<00:39:17.240> these<00:39:17.400> tasks<00:39:17.640> are<00:39:17.760> designed align:start position:0% an example task these tasks are designed align:start position:0% an example task these tasks are designed to<00:39:18.200> be<00:39:18.440> incredibly<00:39:19.440> straightforward<00:39:20.160> and align:start position:0% to be incredibly straightforward and align:start position:0% to be incredibly straightforward and simple<00:39:20.599> for<00:39:20.760> humans<00:39:21.720> and<00:39:21.960> yet<00:39:22.720> empirically<00:39:23.720> no align:start position:0% simple for humans and yet empirically no align:start position:0% simple for humans and yet empirically no AI<00:39:24.400> system<00:39:24.960> can<00:39:25.200> solve<00:39:25.480> these<00:39:25.800> 100<00:39:26.079> tasks align:start position:0% AI system can solve these 100 tasks align:start position:0% AI system can solve these 100 tasks today<00:39:26.800> this<00:39:26.920> is<00:39:27.040> incred<00:39:27.359> in<00:39:27.680> shocking<00:39:27.960> to<00:39:28.079> me align:start position:0% today this is incred in shocking to me align:start position:0% today this is incred in shocking to me now<00:39:28.520> Arc<00:39:28.880> remains<00:39:29.160> unbeaten<00:39:30.160> despite<00:39:30.560> for<00:39:30.720> the align:start position:0% now Arc remains unbeaten despite for the align:start position:0% now Arc remains unbeaten despite for the fact<00:39:31.480> that<00:39:31.680> two<00:39:31.880> months<00:39:32.160> ago<00:39:32.880> I<00:39:33.040> launched<00:39:33.440> Arc align:start position:0% fact that two months ago I launched Arc align:start position:0% fact that two months ago I launched Arc prize<00:39:34.560> a<00:39:34.720> million<00:39:35.440> competition<00:39:36.280> to<00:39:36.520> anybody align:start position:0% prize a million competition to anybody align:start position:0% prize a million competition to anybody who<00:39:37.319> could<00:39:37.520> get<00:39:37.760> AI<00:39:38.160> to<00:39:38.319> beat<00:39:38.560> this<00:39:39.079> Benchmark align:start position:0% who could get AI to beat this Benchmark align:start position:0% who could get AI to beat this Benchmark and<00:39:40.280> so<00:39:40.560> far<00:39:41.240> no<00:39:41.359> one<00:39:41.480> has<00:39:41.640> been<00:39:41.760> able<00:39:42.000> to align:start position:0% and so far no one has been able to align:start position:0% and so far no one has been able to that's<00:39:42.839> on<00:39:43.079> top<00:39:43.240> of<00:39:43.400> the<00:39:43.560> last<00:39:43.760> five<00:39:43.920> years<00:39:44.079> of align:start position:0% that's on top of the last five years of align:start position:0% that's on top of the last five years of evidence<00:39:44.599> as<00:39:45.040> well<00:39:46.040> in<00:39:46.160> the<00:39:46.319> past<00:39:46.599> AI align:start position:0% evidence as well in the past AI align:start position:0% evidence as well in the past AI Innovation<00:39:47.240> was<00:39:47.359> driven<00:39:47.680> through<00:39:48.079> curiosity align:start position:0% Innovation was driven through curiosity align:start position:0% Innovation was driven through curiosity through<00:39:49.359> sharing<00:39:50.359> through<00:39:50.760> exploring<00:39:51.200> new align:start position:0% through sharing through exploring new align:start position:0% through sharing through exploring new ideas<00:39:52.400> and<00:39:52.560> instead<00:39:52.920> today<00:39:53.200> fueled<00:39:53.599> in<00:39:53.920> I align:start position:0% ideas and instead today fueled in I align:start position:0% ideas and instead today fueled in I think<00:39:54.240> part<00:39:54.560> by<00:39:54.920> big<00:39:55.160> Tech<00:39:55.440> and<00:39:55.960> big<00:39:56.160> aabs<00:39:57.040> S align:start position:0% think part by big Tech and big aabs S align:start position:0% think part by big Tech and big aabs S interest<00:39:57.839> we<00:39:58.000> now<00:39:58.160> have<00:39:58.319> scaling<00:39:58.839> Dogma<00:39:59.480> we align:start position:0% interest we now have scaling Dogma we align:start position:0% interest we now have scaling Dogma we have<00:39:59.760> closed<00:40:00.119> Frontier<00:40:00.599> research<00:40:01.359> we<00:40:01.480> have align:start position:0% have closed Frontier research we have align:start position:0% have closed Frontier research we have llms<00:40:02.280> as<00:40:02.440> the<00:40:02.560> only<00:40:03.200> Paradigm<00:40:04.200> Arc<00:40:04.480> shows<00:40:04.880> we align:start position:0% llms as the only Paradigm Arc shows we align:start position:0% llms as the only Paradigm Arc shows we need<00:40:05.240> new<00:40:05.440> ideas<00:40:05.720> to<00:40:06.000> discover<00:40:06.200> AGI<00:40:06.880> I<00:40:06.960> think align:start position:0% need new ideas to discover AGI I think align:start position:0% need new ideas to discover AGI I think the<00:40:07.200> industry's<00:40:07.640> misrepresentation<00:40:08.359> of align:start position:0% the industry's misrepresentation of align:start position:0% the industry's misrepresentation of reality<00:40:09.200> is<00:40:09.400> distorting<00:40:09.960> Decisions<00:40:10.560> by<00:40:11.040> not align:start position:0% reality is distorting Decisions by not align:start position:0% reality is distorting Decisions by not only<00:40:11.480> policy<00:40:11.800> makers<00:40:12.119> but<00:40:12.280> Venture align:start position:0% only policy makers but Venture align:start position:0% only policy makers but Venture capitalists<00:40:13.359> by<00:40:13.480> Founders<00:40:13.960> by<00:40:14.119> even<00:40:14.520> students align:start position:0% capitalists by Founders by even students align:start position:0% capitalists by Founders by even students there<00:40:15.640> was<00:40:15.800> 20<00:40:16.079> billion<00:40:16.400> do<00:40:16.839> invested<00:40:17.240> in<00:40:17.359> LM align:start position:0% there was 20 billion do invested in LM align:start position:0% there was 20 billion do invested in LM startups<00:40:18.079> in<00:40:18.440> 2023<00:40:19.440> by<00:40:19.599> my<00:40:19.800> count<00:40:20.079> only<00:40:20.640> 100 align:start position:0% startups in 2023 by my count only 100 align:start position:0% startups in 2023 by my count only 100 million<00:40:21.440> into<00:40:21.680> AGI<00:40:22.040> startups<00:40:22.359> working<00:40:22.560> on<00:40:22.680> new align:start position:0% million into AGI startups working on new align:start position:0% million into AGI startups working on new ideas<00:40:24.240> half<00:40:24.480> the<00:40:24.599> students<00:40:25.000> that<00:40:25.119> I<00:40:25.240> meet align:start position:0% ideas half the students that I meet align:start position:0% ideas half the students that I meet don't<00:40:26.079> want<00:40:26.200> to<00:40:26.319> work<00:40:26.480> on<00:40:26.640> AGI<00:40:27.119> because align:start position:0% don't want to work on AGI because align:start position:0% don't want to work on AGI because because<00:40:27.480> they<00:40:27.560> think<00:40:27.680> it's<00:40:27.760> a<00:40:27.920> solved<00:40:28.440> problem align:start position:0% because they think it's a solved problem align:start position:0% because they think it's a solved problem and<00:40:29.640> policy<00:40:29.920> makers<00:40:30.200> are<00:40:30.359> even<00:40:30.560> now align:start position:0% and policy makers are even now align:start position:0% and policy makers are even now considering<00:40:31.280> Innovation<00:40:31.720> rate<00:40:31.920> limiters align:start position:0% considering Innovation rate limiters align:start position:0% considering Innovation rate limiters like align:start position:0% like align:start position:0% like s1047<00:40:34.079> because<00:40:34.599> the<00:40:34.720> scaling<00:40:35.280> Dogma<00:40:35.640> is<00:40:35.800> so align:start position:0% s1047 because the scaling Dogma is so align:start position:0% s1047 because the scaling Dogma is so loud<00:40:37.599> I<00:40:37.680> want<00:40:37.760> to<00:40:37.920> repeat<00:40:38.440> I<00:40:38.560> think<00:40:38.720> the<00:40:38.880> AGI align:start position:0% loud I want to repeat I think the AGI align:start position:0% loud I want to repeat I think the AGI Innovation<00:40:39.800> environment<00:40:40.240> we<00:40:40.359> find<00:40:40.560> oursel<00:40:40.839> in align:start position:0% Innovation environment we find oursel in align:start position:0% Innovation environment we find oursel in in<00:40:41.280> 2024<00:40:42.280> is<00:40:42.480> super<00:40:42.800> weak<00:40:43.800> the<00:40:43.880> world<00:40:44.160> is align:start position:0% in 2024 is super weak the world is align:start position:0% in 2024 is super weak the world is basically<00:40:44.720> betting<00:40:45.040> that<00:40:45.160> a<00:40:45.240> single align:start position:0% basically betting that a single align:start position:0% basically betting that a single commercial<00:40:45.960> lab<00:40:46.599> in<00:40:46.880> isolation<00:40:47.480> is<00:40:47.599> going<00:40:47.760> to align:start position:0% commercial lab in isolation is going to align:start position:0% commercial lab in isolation is going to be<00:40:47.960> the<00:40:48.040> one<00:40:48.160> to<00:40:48.280> figure<00:40:48.520> out<00:40:48.880> and<00:40:49.200> discover align:start position:0% be the one to figure out and discover align:start position:0% be the one to figure out and discover AGI<00:40:50.599> that<00:40:50.680> is<00:40:50.800> in<00:40:51.079> direct<00:40:51.599> contrast<00:40:52.480> to<00:40:52.680> how<00:40:52.800> we align:start position:0% AGI that is in direct contrast to how we align:start position:0% AGI that is in direct contrast to how we got<00:40:53.119> here<00:40:53.240> and<00:40:53.400> why<00:40:53.520> I'm<00:40:53.720> even<00:40:54.000> standing<00:40:54.319> in align:start position:0% got here and why I'm even standing in align:start position:0% got here and why I'm even standing in front<00:40:54.599> of<00:40:54.720> you<00:40:55.119> we<00:40:55.280> got<00:40:55.440> here<00:40:55.599> through<00:40:55.800> open align:start position:0% front of you we got here through open align:start position:0% front of you we got here through open progress<00:40:56.599> open<00:40:56.880> science<00:40:57.319> and<00:40:57.480> open<00:40:57.680> sharing align:start position:0% progress open science and open sharing align:start position:0% progress open science and open sharing that's<00:40:58.640> not<00:40:58.800> just<00:40:58.920> true<00:40:59.079> of<00:40:59.200> AI<00:40:59.520> That's<00:40:59.640> True align:start position:0% that's not just true of AI That's True align:start position:0% that's not just true of AI That's True of<00:40:59.920> all<00:41:00.119> science<00:41:00.800> ever<00:41:01.599> in<00:41:01.760> fact<00:41:02.000> I<00:41:02.079> think<00:41:02.240> if align:start position:0% of all science ever in fact I think if align:start position:0% of all science ever in fact I think if I'd<00:41:02.560> go<00:41:02.640> as<00:41:02.720> far<00:41:02.839> as<00:41:02.920> to<00:41:03.040> say<00:41:03.160> if<00:41:03.240> you're align:start position:0% I'd go as far as to say if you're align:start position:0% I'd go as far as to say if you're someone<00:41:03.599> in<00:41:03.680> the<00:41:03.800> audience<00:41:04.160> who<00:41:04.280> maybe<00:41:04.599> thinks align:start position:0% someone in the audience who maybe thinks align:start position:0% someone in the audience who maybe thinks that<00:41:04.960> we<00:41:05.040> should<00:41:05.359> pause<00:41:05.599> AGI<00:41:06.000> development<00:41:06.400> or align:start position:0% that we should pause AGI development or align:start position:0% that we should pause AGI development or stop<00:41:06.839> AGI<00:41:07.160> development<00:41:07.480> entirely<00:41:08.359> you<00:41:08.480> should align:start position:0% stop AGI development entirely you should align:start position:0% stop AGI development entirely you should be<00:41:08.839> pretty<00:41:09.119> happy<00:41:09.359> with<00:41:09.480> the<00:41:09.560> world<00:41:09.800> that<00:41:09.880> you align:start position:0% be pretty happy with the world that you align:start position:0% be pretty happy with the world that you find<00:41:10.200> ourself<00:41:10.520> in<00:41:10.640> in<00:41:10.800> 2024<00:41:11.800> but<00:41:12.640> if<00:41:12.760> you<00:41:12.920> care align:start position:0% find ourself in in 2024 but if you care align:start position:0% find ourself in in 2024 but if you care about<00:41:13.319> reaping<00:41:13.720> the<00:41:13.839> benefits<00:41:14.520> of<00:41:14.680> AGI<00:41:15.119> In<00:41:15.200> Our align:start position:0% about reaping the benefits of AGI In Our align:start position:0% about reaping the benefits of AGI In Our Lifetime<00:41:16.000> like<00:41:16.200> I<00:41:16.359> do<00:41:17.200> we<00:41:17.319> need<00:41:17.480> to<00:41:17.640> work<00:41:17.880> to align:start position:0% Lifetime like I do we need to work to align:start position:0% Lifetime like I do we need to work to undistort<00:41:18.880> this<00:41:19.079> Market<00:41:20.000> I<00:41:20.119> think<00:41:20.400> policy<00:41:20.760> and align:start position:0% undistort this Market I think policy and align:start position:0% undistort this Market I think policy and incentives<00:41:21.560> should<00:41:21.880> push<00:41:22.359> towards<00:41:22.839> open<00:41:23.079> AGI align:start position:0% incentives should push towards open AGI align:start position:0% incentives should push towards open AGI research<00:41:24.040> and<00:41:24.160> not<00:41:24.400> rate<00:41:24.720> limiting<00:41:25.040> the align:start position:0% research and not rate limiting the align:start position:0% research and not rate limiting the crappy<00:41:25.480> version<00:41:25.720> of<00:41:25.839> AI<00:41:26.119> that<00:41:26.200> we<00:41:26.359> have<00:41:26.520> today align:start position:0% crappy version of AI that we have today align:start position:0% crappy version of AI that we have today now<00:41:28.119> I'm<00:41:28.200> putting<00:41:28.440> my<00:41:28.560> money<00:41:29.000> in<00:41:29.240> time<00:41:29.960> thank align:start position:0% now I'm putting my money in time thank align:start position:0% now I'm putting my money in time thank [Applause] align:start position:0% [Applause] align:start position:0% [Applause] you<00:41:34.720> so<00:41:35.040> I'm<00:41:35.280> putting<00:41:35.520> my<00:41:35.720> time<00:41:36.079> and<00:41:36.240> personal align:start position:0% you so I'm putting my time and personal align:start position:0% you so I'm putting my time and personal money<00:41:36.839> where<00:41:37.000> my<00:41:37.119> mouth<00:41:37.400> is<00:41:37.640> I<00:41:37.760> created<00:41:38.079> Arc align:start position:0% money where my mouth is I created Arc align:start position:0% money where my mouth is I created Arc prize<00:41:39.000> with<00:41:39.160> the<00:41:39.319> express<00:41:39.760> goal<00:41:40.400> to<00:41:40.720> provide<00:41:41.000> a align:start position:0% prize with the express goal to provide a align:start position:0% prize with the express goal to provide a very<00:41:41.480> public<00:41:42.040> measure<00:41:42.440> of<00:41:42.760> progress<00:41:43.400> or<00:41:44.079> in align:start position:0% very public measure of progress or in align:start position:0% very public measure of progress or in reality<00:41:44.599> lack<00:41:44.839> thereof<00:41:45.200> towards<00:41:45.480> AGI<00:41:46.079> and<00:41:46.160> I align:start position:0% reality lack thereof towards AGI and I align:start position:0% reality lack thereof towards AGI and I hope<00:41:46.400> Arc<00:41:46.680> prize<00:41:46.920> can<00:41:47.079> play<00:41:47.240> a<00:41:47.400> small<00:41:47.720> role<00:41:48.440> in align:start position:0% hope Arc prize can play a small role in align:start position:0% hope Arc prize can play a small role in motivating<00:41:49.560> researchers<00:41:50.119> to<00:41:50.319> work<00:41:50.599> once align:start position:0% motivating researchers to work once align:start position:0% motivating researchers to work once again<00:41:51.280> on<00:41:51.440> new<00:41:51.680> ideas<00:41:52.200> and<00:41:52.359> openly<00:41:52.680> share<00:41:53.000> them align:start position:0% again on new ideas and openly share them align:start position:0% again on new ideas and openly share them and<00:41:53.599> help<00:41:53.800> steer<00:41:54.160> AI<00:41:54.480> policy<00:41:54.920> away<00:41:55.359> from align:start position:0% and help steer AI policy away from align:start position:0% and help steer AI policy away from regulatory<00:41:56.280> capture<00:41:57.000> and<00:41:57.240> rate<00:41:57.440> limits<00:41:57.800> and align:start position:0% regulatory capture and rate limits and align:start position:0% regulatory capture and rate limits and back<00:41:58.160> towards<00:41:58.599> open<00:41:58.880> Innovation<00:41:59.760> thank align:start position:0% back towards open Innovation thank align:start position:0% back towards open Innovation thank [Applause] align:start position:0% you<00:42:05.800> hi<00:42:05.960> I'm<00:42:06.200> uh<00:42:06.280> Shawn<00:42:06.520> Modi<00:42:06.920> CEO<00:42:07.280> of<00:42:07.480> capital align:start position:0% you hi I'm uh Shawn Modi CEO of capital align:start position:0% you hi I'm uh Shawn Modi CEO of capital AI<00:42:08.480> uh<00:42:08.640> summer<00:42:09.000> batch<00:42:09.599> YC<00:42:10.599> um<00:42:11.040> it's<00:42:11.160> an<00:42:11.280> honor align:start position:0% AI uh summer batch YC um it's an honor align:start position:0% AI uh summer batch YC um it's an honor to<00:42:11.599> be<00:42:11.800> here<00:42:12.000> among<00:42:12.319> such<00:42:12.800> esteemed<00:42:13.280> guests align:start position:0% to be here among such esteemed guests align:start position:0% to be here among such esteemed guests capital<00:42:14.599> is<00:42:14.720> a<00:42:15.160> product<00:42:15.440> to<00:42:15.599> create align:start position:0% capital is a product to create align:start position:0% capital is a product to create persuasive<00:42:16.599> content<00:42:16.960> from<00:42:17.200> data<00:42:18.000> in<00:42:18.160> fact align:start position:0% persuasive content from data in fact align:start position:0% persuasive content from data in fact it's<00:42:18.480> so<00:42:18.720> powerful<00:42:19.160> some<00:42:19.359> of<00:42:19.559> Washington<00:42:19.960> DC's align:start position:0% it's so powerful some of Washington DC's align:start position:0% it's so powerful some of Washington DC's best<00:42:20.680> lobbyists<00:42:21.200> are<00:42:21.359> already<00:42:21.599> using<00:42:21.920> it<00:42:22.400> to align:start position:0% best lobbyists are already using it to align:start position:0% best lobbyists are already using it to win<00:42:22.760> multi-million<00:42:23.359> dollar<00:42:23.640> Appropriations align:start position:0% win multi-million dollar Appropriations align:start position:0% win multi-million dollar Appropriations and<00:42:24.760> create<00:42:25.000> some<00:42:25.160> pretty<00:42:25.400> important align:start position:0% and create some pretty important align:start position:0% and create some pretty important policies<00:42:26.520> we're<00:42:26.720> refining<00:42:27.240> our<00:42:27.400> product<00:42:27.800> here align:start position:0% policies we're refining our product here align:start position:0% policies we're refining our product here um<00:42:28.599> at<00:42:28.760> y<00:42:29.000> combinator<00:42:29.960> we<00:42:30.079> already<00:42:30.280> have align:start position:0% um at y combinator we already have align:start position:0% um at y combinator we already have 231,000<00:42:31.559> users<00:42:32.559> and<00:42:32.760> we<00:42:32.880> are<00:42:33.000> in<00:42:33.119> the<00:42:33.280> process align:start position:0% 231,000 users and we are in the process align:start position:0% 231,000 users and we are in the process of<00:42:33.760> finalizing<00:42:34.559> a<00:42:34.720> pretty<00:42:34.920> large<00:42:35.240> engagement align:start position:0% of finalizing a pretty large engagement align:start position:0% of finalizing a pretty large engagement with<00:42:35.720> Politico<00:42:36.520> which<00:42:36.640> I'll<00:42:36.760> give<00:42:36.880> you<00:42:36.960> a align:start position:0% with Politico which I'll give you a align:start position:0% with Politico which I'll give you a sneak<00:42:37.359> peek<00:42:37.559> of<00:42:37.720> today<00:42:38.240> so<00:42:38.440> this<00:42:38.559> is<00:42:38.800> the<00:42:39.240> nerve align:start position:0% sneak peek of today so this is the nerve align:start position:0% sneak peek of today so this is the nerve center<00:42:39.839> of<00:42:40.119> capital<00:42:41.119> uh<00:42:41.240> under<00:42:41.480> the<00:42:41.680> hood align:start position:0% center of capital uh under the hood align:start position:0% center of capital uh under the hood we're<00:42:42.400> automating<00:42:42.960> research<00:42:43.680> so<00:42:43.839> we're align:start position:0% we're automating research so we're align:start position:0% we're automating research so we're looking<00:42:44.240> at<00:42:44.400> the<00:42:44.559> entire<00:42:45.040> open<00:42:45.359> web<00:42:45.960> and align:start position:0% looking at the entire open web and align:start position:0% looking at the entire open web and pulling<00:42:46.440> in<00:42:46.680> the<00:42:46.839> most<00:42:47.119> trustworthy<00:42:47.760> links align:start position:0% pulling in the most trustworthy links align:start position:0% pulling in the most trustworthy links for<00:42:48.440> the<00:42:48.800> query<00:42:49.160> at<00:42:49.359> hand<00:42:50.040> we're<00:42:50.240> also align:start position:0% for the query at hand we're also align:start position:0% for the query at hand we're also bringing<00:42:50.760> open<00:42:51.040> source<00:42:51.280> and<00:42:51.440> Frontier<00:42:51.960> models align:start position:0% bringing open source and Frontier models align:start position:0% bringing open source and Frontier models and<00:42:52.680> a<00:42:52.839> native<00:42:53.200> document<00:42:53.520> editing<00:42:53.960> experience align:start position:0% and a native document editing experience align:start position:0% and a native document editing experience when<00:42:54.920> you<00:42:55.040> click<00:42:55.280> into<00:42:55.559> this<00:42:55.880> prompt<00:42:56.240> box align:start position:0% when you click into this prompt box align:start position:0% when you click into this prompt box you'll<00:42:56.720> see<00:42:56.880> the<00:42:57.200> different<00:42:57.400> types<00:42:57.599> of align:start position:0% you'll see the different types of align:start position:0% you'll see the different types of formats<00:42:58.760> uh<00:42:58.880> that<00:42:58.960> you<00:42:59.079> can<00:42:59.240> select<00:42:59.599> from<00:43:00.160> the align:start position:0% formats uh that you can select from the align:start position:0% formats uh that you can select from the art<00:43:00.640> article<00:43:01.040> is<00:43:01.160> our<00:43:01.839> most<00:43:02.119> used<00:43:02.520> format<00:43:02.960> set align:start position:0% art article is our most used format set align:start position:0% art article is our most used format set you<00:43:03.680> can<00:43:04.160> describe<00:43:04.559> what<00:43:04.760> audience<00:43:05.559> you're align:start position:0% you can describe what audience you're align:start position:0% you can describe what audience you're addressing<00:43:06.480> you<00:43:06.599> can<00:43:06.720> say<00:43:06.920> how<00:43:07.079> long<00:43:07.280> you<00:43:07.400> want align:start position:0% addressing you can say how long you want align:start position:0% addressing you can say how long you want it<00:43:08.240> um<00:43:08.400> we're<00:43:08.640> optimizing<00:43:09.200> right<00:43:09.319> now<00:43:09.440> for align:start position:0% it um we're optimizing right now for align:start position:0% it um we're optimizing right now for quality<00:43:10.160> of<00:43:10.400> content<00:43:10.920> not<00:43:11.200> not<00:43:11.359> speed<00:43:11.680> so align:start position:0% quality of content not not speed so align:start position:0% quality of content not not speed so you'll<00:43:11.960> notice<00:43:12.240> a<00:43:12.359> little<00:43:12.520> bit<00:43:12.640> of<00:43:12.800> lag<00:43:13.480> as<00:43:13.680> we align:start position:0% you'll notice a little bit of lag as we align:start position:0% you'll notice a little bit of lag as we as<00:43:14.119> we<00:43:14.440> uh<00:43:14.559> put<00:43:14.680> in<00:43:14.800> a<00:43:15.000> prompt<00:43:15.680> you<00:43:15.800> can<00:43:15.920> say align:start position:0% as we uh put in a prompt you can say align:start position:0% as we uh put in a prompt you can say what<00:43:16.319> sources<00:43:16.680> you<00:43:16.800> want<00:43:16.920> to<00:43:17.040> pull<00:43:17.319> from<00:43:17.720> here align:start position:0% what sources you want to pull from here align:start position:0% what sources you want to pull from here Google<00:43:18.400> search<00:43:19.079> peer<00:43:19.359> reviewed<00:43:20.200> or<00:43:20.520> have<00:43:20.640> it align:start position:0% Google search peer reviewed or have it align:start position:0% Google search peer reviewed or have it fully<00:43:21.040> hallucinate<00:43:21.520> and<00:43:21.640> say<00:43:21.839> none<00:43:22.720> and<00:43:22.839> then align:start position:0% fully hallucinate and say none and then align:start position:0% fully hallucinate and say none and then you<00:43:23.079> can<00:43:23.400> select<00:43:23.800> what<00:43:24.160> content<00:43:24.520> blocks<00:43:24.839> you align:start position:0% you can select what content blocks you align:start position:0% you can select what content blocks you want<00:43:25.480> images<00:43:26.040> web<00:43:26.280> charts<00:43:27.240> uh<00:43:27.440> generated align:start position:0% want images web charts uh generated align:start position:0% want images web charts uh generated charts<00:43:28.480> metrics<00:43:29.000> tables<00:43:29.520> and<00:43:29.760> and<00:43:30.000> direct align:start position:0% charts metrics tables and and direct align:start position:0% charts metrics tables and and direct quotes<00:43:31.599> um<00:43:31.839> so<00:43:32.000> we'll<00:43:32.200> put<00:43:32.319> one<00:43:32.520> in<00:43:32.720> here<00:43:33.280> and align:start position:0% quotes um so we'll put one in here and align:start position:0% quotes um so we'll put one in here and let's align:start position:0% let's align:start position:0% let's say<00:43:35.240> uh<00:43:35.359> Gary<00:43:35.680> asked<00:43:35.880> me<00:43:35.960> to<00:43:36.079> do<00:43:36.200> one<00:43:36.440> actually align:start position:0% say uh Gary asked me to do one actually align:start position:0% say uh Gary asked me to do one actually so<00:43:37.359> nothing<00:43:37.599> like<00:43:37.760> putting<00:43:38.040> myself<00:43:38.280> on<00:43:38.400> the align:start position:0% so nothing like putting myself on the align:start position:0% so nothing like putting myself on the spot<00:43:39.520> so align:start position:0% spot so align:start position:0% spot so sb147<00:43:41.720> pros<00:43:41.960> and align:start position:0% sb147 pros and align:start position:0% sb147 pros and cons<00:43:44.240> let's<00:43:44.400> let<00:43:44.520> it<00:43:44.720> rip align:start position:0% cons let's let it rip align:start position:0% cons let's let it rip um<00:43:47.880> so<00:43:48.240> now<00:43:48.400> we're<00:43:48.559> gonna<00:43:49.079> push<00:43:49.359> this<00:43:49.520> out<00:43:49.800> it's align:start position:0% um so now we're gonna push this out it's align:start position:0% um so now we're gonna push this out it's creating<00:43:50.240> a<00:43:50.359> headline<00:43:50.680> for<00:43:50.800> me<00:43:51.400> understanding align:start position:0% creating a headline for me understanding align:start position:0% creating a headline for me understanding sb147<00:43:52.599> pros<00:43:52.800> and<00:43:53.000> cons<00:43:53.880> and<00:43:54.000> it's<00:43:54.160> going<00:43:54.240> to align:start position:0% sb147 pros and cons and it's going to align:start position:0% sb147 pros and cons and it's going to pull<00:43:54.680> this<00:43:54.880> information<00:43:55.880> um<00:43:56.359> in<00:43:56.559> line<00:43:56.880> why align:start position:0% pull this information um in line why align:start position:0% pull this information um in line why while<00:43:57.319> that's<00:43:57.520> doing<00:43:57.800> its<00:43:58.000> thing<00:43:58.839> I'll<00:43:59.000> show align:start position:0% while that's doing its thing I'll show align:start position:0% while that's doing its thing I'll show you<00:43:59.280> some<00:43:59.440> ones<00:43:59.640> that<00:43:59.760> I<00:43:59.880> teed<00:44:00.160> up<00:44:00.359> already<00:44:01.160> so align:start position:0% you some ones that I teed up already so align:start position:0% you some ones that I teed up already so these<00:44:01.599> you<00:44:01.720> kind<00:44:01.800> of<00:44:01.920> get<00:44:02.040> a<00:44:02.200> cross-section<00:44:02.720> of align:start position:0% these you kind of get a cross-section of align:start position:0% these you kind of get a cross-section of my<00:44:03.040> brain<00:44:03.559> of<00:44:03.720> what<00:44:03.880> I'm<00:44:04.040> curious<00:44:04.400> about<00:44:05.079> so<00:44:05.200> I align:start position:0% my brain of what I'm curious about so I align:start position:0% my brain of what I'm curious about so I learned<00:44:05.480> about<00:44:05.680> this<00:44:05.839> company<00:44:06.240> asml<00:44:07.240> which<00:44:07.400> is align:start position:0% learned about this company asml which is align:start position:0% learned about this company asml which is they<00:44:07.800> make<00:44:08.040> these<00:44:08.640> very<00:44:08.880> powerful<00:44:09.280> machines align:start position:0% they make these very powerful machines align:start position:0% they make these very powerful machines that<00:44:09.880> play<00:44:10.040> a<00:44:10.200> critical<00:44:10.599> role<00:44:10.839> in<00:44:11.000> the<00:44:11.480> uh align:start position:0% that play a critical role in the uh align:start position:0% that play a critical role in the uh Global<00:44:11.960> Supply<00:44:12.280> Chain<00:44:12.480> of<00:44:12.839> semiconductors<00:44:13.839> so align:start position:0% Global Supply Chain of semiconductors so align:start position:0% Global Supply Chain of semiconductors so my<00:44:14.200> prompt<00:44:14.520> here<00:44:14.720> was<00:44:14.920> the<00:44:15.040> geopolitical align:start position:0% my prompt here was the geopolitical align:start position:0% my prompt here was the geopolitical risks<00:44:16.160> of<00:44:16.359> asml<00:44:16.880> controlling<00:44:17.319> key align:start position:0% risks of asml controlling key align:start position:0% risks of asml controlling key infrastructure<00:44:18.079> in<00:44:18.200> the<00:44:18.319> procurement<00:44:18.760> of align:start position:0% infrastructure in the procurement of align:start position:0% infrastructure in the procurement of semiconductors<00:44:20.160> and<00:44:20.319> you<00:44:20.440> can<00:44:20.559> see<00:44:20.920> well align:start position:0% semiconductors and you can see well align:start position:0% semiconductors and you can see well let's<00:44:21.200> just<00:44:21.319> jump<00:44:21.520> back<00:44:21.640> to<00:44:21.800> sp10<00:44:22.400> here<00:44:22.520> we<00:44:22.680> go align:start position:0% let's just jump back to sp10 here we go align:start position:0% let's just jump back to sp10 here we go so<00:44:23.640> it's<00:44:23.800> loading<00:44:24.720> um<00:44:24.839> you<00:44:24.920> can<00:44:25.040> see<00:44:25.200> the align:start position:0% so it's loading um you can see the align:start position:0% so it's loading um you can see the sources<00:44:25.640> we're<00:44:25.800> pulling<00:44:26.160> from<00:44:26.480> this<00:44:26.559> is<00:44:26.680> from align:start position:0% sources we're pulling from this is from align:start position:0% sources we're pulling from this is from l<00:44:27.280> in<00:44:27.720> this<00:44:27.800> is<00:44:27.960> from<00:44:28.200> gradient<00:44:28.599> flow<00:44:29.599> D<00:44:30.280> Piper align:start position:0% l in this is from gradient flow D Piper align:start position:0% l in this is from gradient flow D Piper it's<00:44:31.400> dynamically<00:44:32.000> generating<00:44:32.599> a<00:44:32.800> table<00:44:33.400> so align:start position:0% it's dynamically generating a table so align:start position:0% it's dynamically generating a table so let's<00:44:33.839> just<00:44:33.960> see<00:44:34.480> sb147<00:44:35.480> also<00:44:35.680> known<00:44:36.000> as<00:44:36.480> the align:start position:0% let's just see sb147 also known as the align:start position:0% let's just see sb147 also known as the California<00:44:37.200> safe<00:44:37.440> and<00:44:37.599> secure<00:44:38.000> Innovation align:start position:0% California safe and secure Innovation align:start position:0% California safe and secure Innovation for<00:44:38.839> Frontier<00:44:39.359> artificial<00:44:39.839> int<00:44:40.280> intelligence align:start position:0% for Frontier artificial int intelligence align:start position:0% for Frontier artificial int intelligence models<00:44:41.040> act<00:44:41.520> it's<00:44:41.680> a<00:44:41.839> proposed<00:44:42.240> state<00:44:42.520> Bill align:start position:0% models act it's a proposed state Bill align:start position:0% models act it's a proposed state Bill aimed<00:44:43.079> at<00:44:43.240> regulating<00:44:43.920> development<00:44:44.359> and align:start position:0% aimed at regulating development and align:start position:0% aimed at regulating development and deployment<00:44:44.920> of<00:44:45.040> advanced<00:44:45.359> AI<00:44:45.559> models<00:44:45.800> in align:start position:0% deployment of advanced AI models in align:start position:0% deployment of advanced AI models in California<00:44:46.960> this<00:44:47.079> bill<00:44:47.440> specifically align:start position:0% California this bill specifically align:start position:0% California this bill specifically targets<00:44:48.240> AI<00:44:48.520> systems<00:44:48.880> with<00:44:49.119> significant align:start position:0% targets AI systems with significant align:start position:0% targets AI systems with significant computing<00:44:50.040> power<00:44:50.359> particularly<00:44:50.760> those align:start position:0% computing power particularly those align:start position:0% computing power particularly those capable<00:44:51.359> of<00:44:51.520> Performing<00:44:52.200> over<00:44:52.400> 10<00:44:52.559> to<00:44:52.760> 26 align:start position:0% capable of Performing over 10 to 26 align:start position:0% capable of Performing over 10 to 26 power<00:44:53.599> operations<00:44:54.200> interesting<00:44:55.000> so<00:44:55.160> if<00:44:55.240> I align:start position:0% power operations interesting so if I align:start position:0% power operations interesting so if I click<00:44:55.599> on<00:44:55.800> this<00:44:56.000> paragraph<00:44:56.520> I<00:44:56.599> can<00:44:56.720> go<00:44:57.040> deeper align:start position:0% click on this paragraph I can go deeper align:start position:0% click on this paragraph I can go deeper so<00:44:58.640> unlike<00:44:59.040> other<00:44:59.280> chat<00:44:59.559> Bots<00:44:59.839> this<00:44:59.920> is<00:45:00.040> a align:start position:0% so unlike other chat Bots this is a align:start position:0% so unlike other chat Bots this is a document<00:45:00.599> creation<00:45:01.119> experience<00:45:02.119> so<00:45:02.400> it's align:start position:0% document creation experience so it's align:start position:0% document creation experience so it's making<00:45:02.920> suggestions<00:45:03.400> for<00:45:03.520> me<00:45:03.640> and<00:45:03.760> it's align:start position:0% making suggestions for me and it's align:start position:0% making suggestions for me and it's understanding<00:45:04.359> the<00:45:04.480> context<00:45:04.839> of<00:45:05.040> this align:start position:0% understanding the context of this align:start position:0% understanding the context of this article<00:45:06.000> explain<00:45:06.359> the<00:45:06.480> potential<00:45:06.880> impact<00:45:07.200> on align:start position:0% article explain the potential impact on align:start position:0% article explain the potential impact on businesses<00:45:07.720> and<00:45:07.880> consumers<00:45:08.640> that<00:45:08.760> sounds align:start position:0% businesses and consumers that sounds align:start position:0% businesses and consumers that sounds interesting<00:45:10.000> so<00:45:10.160> I'll<00:45:10.319> let<00:45:10.480> that<00:45:10.640> prompt<00:45:11.000> rip align:start position:0% interesting so I'll let that prompt rip align:start position:0% interesting so I'll let that prompt rip and<00:45:11.319> it's<00:45:11.400> going<00:45:11.520> to<00:45:11.599> go<00:45:11.720> pull<00:45:11.960> from<00:45:12.119> the<00:45:12.240> open align:start position:0% and it's going to go pull from the open align:start position:0% and it's going to go pull from the open web<00:45:12.760> and<00:45:12.920> and<00:45:13.079> reprompt<00:45:13.520> that<00:45:13.880> specific align:start position:0% web and and reprompt that specific align:start position:0% web and and reprompt that specific paragraph<00:45:15.079> and<00:45:15.160> it's<00:45:15.319> asking<00:45:15.559> me<00:45:15.640> for<00:45:15.760> a align:start position:0% paragraph and it's asking me for a align:start position:0% paragraph and it's asking me for a clarification<00:45:17.480> I'll<00:45:17.680> do align:start position:0% that<00:45:22.920> as<00:45:23.440> federal align:start position:0% that as federal align:start position:0% that as federal government<00:45:26.359> cool<00:45:27.400> um<00:45:27.599> scrolling<00:45:28.079> down<00:45:28.440> we align:start position:0% government cool um scrolling down we align:start position:0% government cool um scrolling down we have<00:45:29.280> Dynamic<00:45:29.680> tables<00:45:30.079> generated<00:45:30.640> here<00:45:31.400> uh align:start position:0% have Dynamic tables generated here uh align:start position:0% have Dynamic tables generated here uh looks<00:45:31.800> like<00:45:32.200> uh<00:45:32.359> these<00:45:32.480> are<00:45:32.599> the<00:45:32.720> different align:start position:0% looks like uh these are the different align:start position:0% looks like uh these are the different provisions<00:45:33.440> of<00:45:33.559> the<00:45:33.880> bill<00:45:34.880> um<00:45:35.640> it's<00:45:35.800> pulling align:start position:0% provisions of the bill um it's pulling align:start position:0% provisions of the bill um it's pulling out<00:45:36.240> key<00:45:36.480> metrics<00:45:37.200> so<00:45:37.480> 1026<00:45:38.160> operations align:start position:0% out key metrics so 1026 operations align:start position:0% out key metrics so 1026 operations threshold<00:45:39.000> for<00:45:39.119> a<00:45:39.359> models<00:45:40.079> we<00:45:40.240> don't align:start position:0% threshold for a models we don't align:start position:0% threshold for a models we don't plagiarize<00:45:41.480> when<00:45:41.640> there's<00:45:41.839> a<00:45:42.040> quote<00:45:42.400> we're align:start position:0% plagiarize when there's a quote we're align:start position:0% plagiarize when there's a quote we're going<00:45:42.640> to<00:45:43.079> give<00:45:43.280> attribution<00:45:44.040> to<00:45:44.240> where<00:45:44.400> it's align:start position:0% going to give attribution to where it's align:start position:0% going to give attribution to where it's from<00:45:45.000> and<00:45:45.079> you'll<00:45:45.240> be<00:45:45.319> able<00:45:45.480> to<00:45:45.599> see<00:45:46.280> precisely align:start position:0% from and you'll be able to see precisely align:start position:0% from and you'll be able to see precisely um<00:45:47.520> The<00:45:47.640> Source<00:45:48.359> in<00:45:48.480> this<00:45:48.680> case<00:45:49.000> this<00:45:49.119> is<00:45:49.720> for align:start position:0% um The Source in this case this is for align:start position:0% um The Source in this case this is for Milan<00:45:51.119> looks<00:45:51.280> like<00:45:51.400> it's<00:45:51.520> from align:start position:0% Milan looks like it's from align:start position:0% Milan looks like it's from Forbes<00:45:54.200> and<00:45:54.319> arguments<00:45:54.839> against<00:45:55.640> stifling align:start position:0% Forbes and arguments against stifling align:start position:0% Forbes and arguments against stifling Innovation<00:45:56.480> Exodus<00:45:57.119> Talent<00:45:57.480> impact<00:45:57.760> on<00:45:57.920> open align:start position:0% Innovation Exodus Talent impact on open align:start position:0% Innovation Exodus Talent impact on open source<00:45:58.480> economic<00:45:59.319> impact<00:46:00.319> it<00:46:00.440> pulled<00:46:00.680> in<00:46:00.760> a align:start position:0% source economic impact it pulled in a align:start position:0% source economic impact it pulled in a chart<00:46:01.559> this<00:46:01.640> isn't<00:46:01.920> the<00:46:02.000> sexiest<00:46:02.440> chart<00:46:02.839> but align:start position:0% chart this isn't the sexiest chart but align:start position:0% chart this isn't the sexiest chart but we<00:46:03.760> scan<00:46:04.160> the<00:46:04.319> entire<00:46:04.680> page<00:46:05.200> and<00:46:05.319> we align:start position:0% we scan the entire page and we align:start position:0% we scan the entire page and we understand<00:46:05.839> the<00:46:05.960> context<00:46:06.280> of<00:46:06.359> the<00:46:06.520> page<00:46:06.760> and align:start position:0% understand the context of the page and align:start position:0% understand the context of the page and it's<00:46:07.000> like<00:46:07.160> having<00:46:07.359> an<00:46:07.520> analyst<00:46:07.920> tell<00:46:08.119> you<00:46:08.599> the align:start position:0% it's like having an analyst tell you the align:start position:0% it's like having an analyst tell you the chart<00:46:09.000> illustrates<00:46:09.480> the<00:46:09.559> increasing<00:46:09.920> share align:start position:0% chart illustrates the increasing share align:start position:0% chart illustrates the increasing share of<00:46:10.319> AI<00:46:10.599> related<00:46:10.920> research<00:46:11.200> and<00:46:11.359> development align:start position:0% of AI related research and development align:start position:0% of AI related research and development expenditures<00:46:12.680> at<00:46:12.839> us<00:46:13.119> colleges<00:46:13.400> and align:start position:0% expenditures at us colleges and align:start position:0% expenditures at us colleges and universities<00:46:14.240> as<00:46:14.359> well<00:46:14.480> as<00:46:14.559> the<00:46:14.680> rise<00:46:14.880> in align:start position:0% universities as well as the rise in align:start position:0% universities as well as the rise in proportion<00:46:15.400> of<00:46:15.520> newly<00:46:15.800> founded<00:46:16.119> AI<00:46:16.359> startups align:start position:0% proportion of newly founded AI startups align:start position:0% proportion of newly founded AI startups among<00:46:17.359> all<00:46:17.599> Tech<00:46:17.800> startups<00:46:18.280> so<00:46:18.440> on<00:46:18.559> and<00:46:18.720> so align:start position:0% among all Tech startups so on and so align:start position:0% among all Tech startups so on and so forth<00:46:19.480> and<00:46:19.640> I<00:46:19.720> can<00:46:19.839> go<00:46:19.960> deeper<00:46:20.200> at<00:46:20.319> the<00:46:20.400> article align:start position:0% forth and I can go deeper at the article align:start position:0% forth and I can go deeper at the article level<00:46:21.040> here<00:46:21.200> too<00:46:21.920> convert<00:46:22.240> this<00:46:22.359> into<00:46:22.520> a align:start position:0% level here too convert this into a align:start position:0% level here too convert this into a dialogue<00:46:23.040> between<00:46:23.280> a<00:46:23.400> policy<00:46:23.720> maker<00:46:23.960> and<00:46:24.160> AI align:start position:0% dialogue between a policy maker and AI align:start position:0% dialogue between a policy maker and AI developer<00:46:24.960> discussing<00:46:25.359> the<00:46:25.440> pros<00:46:25.640> and<00:46:25.839> cons align:start position:0% developer discussing the pros and cons align:start position:0% developer discussing the pros and cons long<00:46:26.960> term<00:46:27.559> uh<00:46:27.720> economic<00:46:28.240> Innovation<00:46:28.760> impacts align:start position:0% long term uh economic Innovation impacts align:start position:0% long term uh economic Innovation impacts I'll<00:46:29.559> do align:start position:0% I'll do align:start position:0% I'll do that<00:46:31.520> so<00:46:31.839> I'm<00:46:32.000> quickly<00:46:33.000> understanding<00:46:33.280> this align:start position:0% that so I'm quickly understanding this align:start position:0% that so I'm quickly understanding this topic<00:46:33.720> and<00:46:33.920> creating<00:46:34.200> a<00:46:34.319> piece<00:46:34.480> of<00:46:34.640> content align:start position:0% topic and creating a piece of content align:start position:0% topic and creating a piece of content that<00:46:35.079> could<00:46:35.200> be<00:46:35.319> useful<00:46:35.599> for<00:46:35.760> my<00:46:36.119> job<00:46:37.119> um<00:46:37.640> and align:start position:0% that could be useful for my job um and align:start position:0% that could be useful for my job um and then<00:46:38.559> let's<00:46:38.839> jump<00:46:39.079> over<00:46:39.400> here<00:46:40.400> I'll<00:46:40.520> show<00:46:40.680> you align:start position:0% then let's jump over here I'll show you align:start position:0% then let's jump over here I'll show you a<00:46:40.880> few<00:46:41.040> other<00:46:41.160> things<00:46:41.359> I've<00:46:41.480> been<00:46:41.640> looking<00:46:41.880> at align:start position:0% a few other things I've been looking at align:start position:0% a few other things I've been looking at uh<00:46:43.440> I<00:46:43.520> was<00:46:43.720> curious<00:46:44.040> of<00:46:44.240> the<00:46:44.400> Republicans align:start position:0% uh I was curious of the Republicans align:start position:0% uh I was curious of the Republicans approach<00:46:45.559> to<00:46:45.960> FTC<00:46:46.520> antitrust<00:46:47.119> so<00:46:47.359> I<00:46:47.800> generated align:start position:0% approach to FTC antitrust so I generated align:start position:0% approach to FTC antitrust so I generated a<00:46:48.319> pretty<00:46:48.520> in-depth<00:46:49.040> report<00:46:49.440> here<00:46:50.000> of<00:46:50.160> how<00:46:50.280> the align:start position:0% a pretty in-depth report here of how the align:start position:0% a pretty in-depth report here of how the Republicans<00:46:50.880> and<00:46:51.040> Democrats<00:46:51.559> approach<00:46:51.960> FTC align:start position:0% Republicans and Democrats approach FTC align:start position:0% Republicans and Democrats approach FTC antitrust<00:46:53.000> enforcement<00:46:54.000> and<00:46:54.160> if<00:46:54.280> I<00:46:54.359> want<00:46:54.480> to align:start position:0% antitrust enforcement and if I want to align:start position:0% antitrust enforcement and if I want to go<00:46:54.760> and<00:46:54.920> take<00:46:55.160> that<00:46:55.359> I'm<00:46:55.559> let's<00:46:55.720> say<00:46:55.839> I'm<00:46:55.920> a align:start position:0% go and take that I'm let's say I'm a align:start position:0% go and take that I'm let's say I'm a journalist<00:46:56.520> at<00:46:56.640> Roy<00:46:57.160> and<00:46:57.280> I<00:46:57.359> want<00:46:57.480> to<00:46:57.800> you<00:46:57.880> know align:start position:0% journalist at Roy and I want to you know align:start position:0% journalist at Roy and I want to you know break<00:46:58.960> some<00:46:59.160> news<00:46:59.480> or<00:46:59.800> have<00:46:59.920> an<00:47:00.079> opinion<00:47:00.440> piece align:start position:0% break some news or have an opinion piece align:start position:0% break some news or have an opinion piece I<00:47:01.240> can<00:47:01.440> go<00:47:01.640> take<00:47:01.839> this<00:47:02.000> and<00:47:02.160> put<00:47:02.319> it<00:47:02.440> into<00:47:02.599> a align:start position:0% I can go take this and put it into a align:start position:0% I can go take this and put it into a Google align:start position:0% Google align:start position:0% Google doc<00:47:04.960> and<00:47:05.079> work<00:47:05.319> with<00:47:05.440> it<00:47:06.440> and<00:47:06.599> here<00:47:06.680> it<00:47:06.839> is<00:47:07.000> with align:start position:0% doc and work with it and here it is with align:start position:0% doc and work with it and here it is with all<00:47:07.280> those<00:47:07.440> tables<00:47:08.160> embedded<00:47:08.839> and<00:47:09.040> citations align:start position:0% all those tables embedded and citations align:start position:0% all those tables embedded and citations at<00:47:09.720> the<00:47:09.839> end<00:47:10.160> of<00:47:10.319> where<00:47:10.440> the<00:47:10.559> data<00:47:10.839> came<00:47:11.040> from<00:47:11.559> a align:start position:0% at the end of where the data came from a align:start position:0% at the end of where the data came from a few<00:47:11.839> other<00:47:12.040> things<00:47:12.280> before<00:47:12.440> I<00:47:12.520> show<00:47:12.720> you<00:47:12.960> the align:start position:0% few other things before I show you the align:start position:0% few other things before I show you the the<00:47:13.440> political<00:47:14.040> preview<00:47:15.040> uh<00:47:15.200> these<00:47:15.319> are<00:47:15.520> the align:start position:0% the political preview uh these are the align:start position:0% the political preview uh these are the economic<00:47:16.160> pitfalls<00:47:17.040> of<00:47:17.319> taxing<00:47:17.680> unrealized align:start position:0% economic pitfalls of taxing unrealized align:start position:0% economic pitfalls of taxing unrealized gains<00:47:18.800> my<00:47:18.960> prompt<00:47:19.319> was<00:47:19.520> write<00:47:19.760> me<00:47:19.880> a<00:47:20.040> speech<00:47:20.319> to align:start position:0% gains my prompt was write me a speech to align:start position:0% gains my prompt was write me a speech to an<00:47:20.599> audience<00:47:20.960> of<00:47:21.160> reporters<00:47:22.160> startup align:start position:0% an audience of reporters startup align:start position:0% an audience of reporters startup technology<00:47:23.160> Founders<00:47:23.559> and<00:47:23.680> US<00:47:23.920> Federal align:start position:0% technology Founders and US Federal align:start position:0% technology Founders and US Federal regulators<00:47:25.079> and<00:47:25.240> why<00:47:25.400> taxes<00:47:25.680> on<00:47:25.920> unrealized align:start position:0% regulators and why taxes on unrealized align:start position:0% regulators and why taxes on unrealized gains<00:47:26.640> is<00:47:27.000> bad<00:47:27.160> idea<00:47:27.400> for<00:47:27.559> United<00:47:27.839> States align:start position:0% gains is bad idea for United States align:start position:0% gains is bad idea for United States economy<00:47:28.640> including<00:47:29.079> lots<00:47:29.240> of<00:47:29.400> data<00:47:30.240> so<00:47:30.480> here align:start position:0% economy including lots of data so here align:start position:0% economy including lots of data so here you<00:47:30.839> can<00:47:31.079> see<00:47:31.440> excuse<00:47:31.720> me<00:47:32.319> uh<00:47:32.440> paragraph<00:47:32.839> one align:start position:0% you can see excuse me uh paragraph one align:start position:0% you can see excuse me uh paragraph one there's<00:47:33.240> seven<00:47:33.520> sources<00:47:33.960> that<00:47:34.040> went<00:47:34.240> into align:start position:0% there's seven sources that went into align:start position:0% there's seven sources that went into this<00:47:35.599> um<00:47:36.480> draw<00:47:37.079> linkable<00:47:38.079> um<00:47:38.240> if<00:47:38.359> I<00:47:38.480> wanted<00:47:39.000> to align:start position:0% this um draw linkable um if I wanted to align:start position:0% this um draw linkable um if I wanted to add<00:47:39.319> a<00:47:39.480> paragraph<00:47:39.920> in<00:47:40.079> between<00:47:40.800> it align:start position:0% add a paragraph in between it align:start position:0% add a paragraph in between it understands<00:47:41.520> the<00:47:41.640> context<00:47:42.000> of<00:47:42.119> the<00:47:42.200> two align:start position:0% understands the context of the two align:start position:0% understands the context of the two paragraphs<00:47:43.240> and<00:47:43.359> it'll<00:47:43.599> make<00:47:44.119> suggestions align:start position:0% paragraphs and it'll make suggestions align:start position:0% paragraphs and it'll make suggestions analyze<00:47:45.599> the<00:47:45.720> implications<00:47:46.280> for<00:47:46.520> economic align:start position:0% analyze the implications for economic align:start position:0% analyze the implications for economic growth<00:47:47.160> and<00:47:47.359> investment<00:47:48.119> cool<00:47:49.119> so<00:47:49.240> I'll<00:47:49.440> add align:start position:0% growth and investment cool so I'll add align:start position:0% growth and investment cool so I'll add that<00:47:49.720> in<00:47:49.880> line<00:47:50.119> if<00:47:50.240> I<00:47:50.319> need<00:47:50.480> an<00:47:50.599> image<00:47:50.920> for<00:47:51.079> my align:start position:0% that in line if I need an image for my align:start position:0% that in line if I need an image for my article<00:47:52.000> I'll<00:47:52.160> convert<00:47:52.520> this<00:47:52.640> paragraph<00:47:53.119> into align:start position:0% article I'll convert this paragraph into align:start position:0% article I'll convert this paragraph into a<00:47:53.440> synthetic<00:47:53.880> image<00:47:54.760> so<00:47:54.920> I<00:47:55.079> pass<00:47:55.319> this align:start position:0% a synthetic image so I pass this align:start position:0% a synthetic image so I pass this paragraph<00:47:55.880> to<00:47:56.000> a<00:47:56.079> diffusion<00:47:56.480> model<00:47:57.000> and<00:47:57.160> what align:start position:0% paragraph to a diffusion model and what align:start position:0% paragraph to a diffusion model and what you're<00:47:57.359> going<00:47:57.440> to<00:47:57.599> see<00:47:57.839> is<00:47:58.040> a<00:47:58.240> a<00:47:58.400> synthetic align:start position:0% you're going to see is a a synthetic align:start position:0% you're going to see is a a synthetic image<00:47:59.359> in<00:47:59.920> line<00:48:00.920> Looks<00:48:01.119> like align:start position:0% image in line Looks like align:start position:0% image in line Looks like this<00:48:03.640> how<00:48:03.800> I<00:48:03.960> feel<00:48:05.119> uh<00:48:06.119> so<00:48:07.079> um<00:48:07.240> if<00:48:07.359> I<00:48:07.440> don't<00:48:07.640> like align:start position:0% this how I feel uh so um if I don't like align:start position:0% this how I feel uh so um if I don't like the<00:48:08.000> styling<00:48:08.400> of<00:48:08.520> it<00:48:08.680> in<00:48:08.800> this<00:48:09.000> case<00:48:09.280> it's<00:48:09.400> not align:start position:0% the styling of it in this case it's not align:start position:0% the styling of it in this case it's not my<00:48:09.720> favorite<00:48:10.240> look<00:48:10.839> um<00:48:11.280> I'm<00:48:11.400> going<00:48:11.520> to<00:48:11.640> change align:start position:0% my favorite look um I'm going to change align:start position:0% my favorite look um I'm going to change it<00:48:11.960> to<00:48:12.119> something<00:48:12.359> maybe<00:48:12.599> more<00:48:13.040> cyberpunk align:start position:0% it to something maybe more cyberpunk align:start position:0% it to something maybe more cyberpunk where's<00:48:14.319> my<00:48:14.680> cyberpunk<00:48:15.680> aesthetic<00:48:16.559> let's<00:48:16.800> let align:start position:0% where's my cyberpunk aesthetic let's let align:start position:0% where's my cyberpunk aesthetic let's let that<00:48:17.480> go<00:48:18.480> there's<00:48:18.680> my<00:48:18.800> new<00:48:18.960> paragraph<00:48:19.440> above align:start position:0% that go there's my new paragraph above align:start position:0% that go there's my new paragraph above with<00:48:20.599> citations<00:48:21.599> as<00:48:21.720> we<00:48:21.880> go<00:48:22.040> down<00:48:22.240> you<00:48:22.359> can<00:48:22.599> see align:start position:0% with citations as we go down you can see align:start position:0% with citations as we go down you can see uh<00:48:23.920> more<00:48:24.160> tables<00:48:24.520> so<00:48:24.680> it's<00:48:24.920> it's<00:48:25.079> giving<00:48:25.280> you align:start position:0% uh more tables so it's it's giving you align:start position:0% uh more tables so it's it's giving you the<00:48:25.599> information<00:48:26.000> you<00:48:26.160> need<00:48:26.599> and<00:48:26.960> in<00:48:27.079> a<00:48:27.280> fast align:start position:0% the information you need and in a fast align:start position:0% the information you need and in a fast form<00:48:28.040> factor<00:48:29.000> um<00:48:29.200> from<00:48:29.440> very<00:48:29.680> complex<00:48:30.240> data align:start position:0% form factor um from very complex data align:start position:0% form factor um from very complex data sources<00:48:30.880> we're<00:48:31.040> looking<00:48:31.240> at<00:48:31.400> 12<00:48:31.839> different align:start position:0% sources we're looking at 12 different align:start position:0% sources we're looking at 12 different pages<00:48:32.680> here<00:48:33.200> that<00:48:33.280> were<00:48:33.440> fully<00:48:33.720> scanned<00:48:34.119> and align:start position:0% pages here that were fully scanned and align:start position:0% pages here that were fully scanned and synthesized<00:48:34.880> into<00:48:35.079> a<00:48:35.200> cohesive<00:48:35.640> narrative align:start position:0% synthesized into a cohesive narrative align:start position:0% synthesized into a cohesive narrative and<00:48:36.960> fact<00:48:37.440> checked<00:48:38.440> um<00:48:39.119> and<00:48:39.599> uh<00:48:40.480> yeah<00:48:40.880> we'll align:start position:0% and fact checked um and uh yeah we'll align:start position:0% and fact checked um and uh yeah we'll keep<00:48:41.280> going<00:48:41.559> here<00:48:42.240> um<00:48:43.240> I'll<00:48:43.400> show<00:48:43.640> you<00:48:44.200> this<00:48:44.319> is align:start position:0% keep going here um I'll show you this is align:start position:0% keep going here um I'll show you this is there<00:48:44.720> was<00:48:44.839> a<00:48:44.960> big<00:48:45.200> incident<00:48:45.559> yesterday<00:48:45.880> in align:start position:0% there was a big incident yesterday in align:start position:0% there was a big incident yesterday in Alaska<00:48:46.920> of<00:48:47.040> a<00:48:47.200> joint<00:48:47.480> Chinese<00:48:47.800> and<00:48:47.960> Russian align:start position:0% Alaska of a joint Chinese and Russian align:start position:0% Alaska of a joint Chinese and Russian military<00:48:48.720> exercise<00:48:49.680> so<00:48:49.839> I<00:48:49.920> was<00:48:50.079> curious<00:48:50.440> about align:start position:0% military exercise so I was curious about align:start position:0% military exercise so I was curious about that<00:48:50.960> what<00:48:51.079> are<00:48:51.240> the<00:48:51.520> what<00:48:51.599> are<00:48:51.720> the<00:48:51.839> milit align:start position:0% that what are the what are the milit align:start position:0% that what are the what are the milit what<00:48:52.280> are<00:48:52.359> the<00:48:52.480> National<00:48:52.760> Security align:start position:0% what are the National Security align:start position:0% what are the National Security implications<00:48:53.640> of<00:48:53.799> this<00:48:54.000> issue<00:48:54.760> so<00:48:55.000> I<00:48:55.160> asked align:start position:0% implications of this issue so I asked align:start position:0% implications of this issue so I asked for<00:48:55.520> an<00:48:55.640> in-depth<00:48:56.040> analysis<00:48:56.400> of<00:48:56.520> why<00:48:56.799> the align:start position:0% for an in-depth analysis of why the align:start position:0% for an in-depth analysis of why the Chinese<00:48:57.160> and<00:48:57.280> Russian<00:48:57.520> military<00:48:57.839> fluid<00:48:58.200> joint align:start position:0% Chinese and Russian military fluid joint align:start position:0% Chinese and Russian military fluid joint exercise<00:48:58.880> near<00:48:59.240> Alaska<00:49:00.240> um<00:49:00.440> and<00:49:00.640> I<00:49:00.920> got<00:49:01.079> a align:start position:0% exercise near Alaska um and I got a align:start position:0% exercise near Alaska um and I got a pretty<00:49:01.520> good<00:49:02.119> assessment<00:49:03.119> um<00:49:03.440> of<00:49:03.960> um<00:49:04.200> the align:start position:0% pretty good assessment um of um the align:start position:0% pretty good assessment um of um the history<00:49:04.839> of<00:49:04.960> their<00:49:05.119> joint<00:49:05.440> exercises<00:49:06.200> and align:start position:0% history of their joint exercises and align:start position:0% history of their joint exercises and what<00:49:06.520> it<00:49:06.640> means<00:49:07.040> for<00:49:07.640> the align:start position:0% what it means for the align:start position:0% what it means for the Arctic<00:49:10.200> uh<00:49:10.319> I<00:49:10.400> went<00:49:10.599> deeper<00:49:11.599> natural<00:49:12.000> resource align:start position:0% Arctic uh I went deeper natural resource align:start position:0% Arctic uh I went deeper natural resource context<00:49:12.839> of<00:49:13.040> China<00:49:13.880> uh<00:49:14.040> and<00:49:14.200> Russia<00:49:14.559> interest align:start position:0% context of China uh and Russia interest align:start position:0% context of China uh and Russia interest in<00:49:15.000> the<00:49:15.280> Arctic<00:49:16.280> um<00:49:16.480> so<00:49:16.680> you<00:49:16.839> get<00:49:17.000> you<00:49:17.119> get<00:49:17.240> the align:start position:0% in the Arctic um so you get you get the align:start position:0% in the Arctic um so you get you get the sense<00:49:17.640> so<00:49:17.839> now<00:49:18.440> zooming<00:49:18.760> out<00:49:18.920> you<00:49:19.000> can<00:49:19.119> all<00:49:19.240> use align:start position:0% sense so now zooming out you can all use align:start position:0% sense so now zooming out you can all use Capital<00:49:19.799> today<00:49:20.680> CIT<00:49:21.680> l.<00:49:22.400> a<00:49:23.400> uh<00:49:23.760> for<00:49:24.200> the align:start position:0% Capital today CIT l. a uh for the align:start position:0% Capital today CIT l. a uh for the affordable<00:49:24.760> price<00:49:24.960> of<00:49:25.040> $8<00:49:25.680> a<00:49:25.839> month<00:49:26.440> uh<00:49:26.559> that's align:start position:0% affordable price of $8 a month uh that's align:start position:0% affordable price of $8 a month uh that's if<00:49:26.920> you<00:49:27.000> use<00:49:27.119> the<00:49:27.240> discount<00:49:27.599> code<00:49:27.839> design align:start position:0% if you use the discount code design align:start position:0% if you use the discount code design Capital<00:49:28.520> with<00:49:28.599> a<00:49:28.720> no<00:49:29.440> but<00:49:29.599> now<00:49:29.760> I'm<00:49:29.880> going<00:49:29.960> to align:start position:0% Capital with a no but now I'm going to align:start position:0% Capital with a no but now I'm going to show<00:49:30.280> you<00:49:30.440> something<00:49:30.799> that's<00:49:31.000> up<00:49:31.160> and<00:49:31.319> coming align:start position:0% show you something that's up and coming align:start position:0% show you something that's up and coming and<00:49:31.799> pretty<00:49:32.079> exciting<00:49:33.079> so<00:49:34.040> we<00:49:34.200> are<00:49:34.359> friends<00:49:34.680> of align:start position:0% and pretty exciting so we are friends of align:start position:0% and pretty exciting so we are friends of Publishers<00:49:35.599> you<00:49:35.720> know<00:49:35.839> I<00:49:35.920> live<00:49:36.079> in<00:49:36.200> Washington align:start position:0% Publishers you know I live in Washington align:start position:0% Publishers you know I live in Washington DC<00:49:37.160> some<00:49:37.319> of<00:49:37.440> my<00:49:37.520> closest<00:49:37.839> friends<00:49:38.000> are align:start position:0% DC some of my closest friends are align:start position:0% DC some of my closest friends are journalists<00:49:38.960> and<00:49:39.079> I<00:49:39.160> think<00:49:39.359> right<00:49:39.480> now<00:49:39.680> ai<00:49:40.079> has align:start position:0% journalists and I think right now ai has align:start position:0% journalists and I think right now ai has a<00:49:41.040> kind<00:49:41.160> of<00:49:41.920> you<00:49:42.040> know<00:49:43.040> hands<00:49:43.720> keep<00:49:43.920> me<00:49:44.040> at align:start position:0% a kind of you know hands keep me at align:start position:0% a kind of you know hands keep me at hands<00:49:44.520> distance<00:49:45.280> um<00:49:45.880> relationship<00:49:46.880> um<00:49:47.440> we align:start position:0% hands distance um relationship um we align:start position:0% hands distance um relationship um we want<00:49:48.000> journalists<00:49:48.520> to<00:49:48.680> thrive<00:49:49.079> we<00:49:49.160> cannot align:start position:0% want journalists to thrive we cannot align:start position:0% want journalists to thrive we cannot live<00:49:49.559> in<00:49:49.680> a<00:49:49.760> world<00:49:49.960> without<00:49:50.160> journalists align:start position:0% live in a world without journalists align:start position:0% live in a world without journalists journalists<00:49:51.000> play<00:49:51.160> a<00:49:51.240> critical<00:49:51.599> part<00:49:51.760> of align:start position:0% journalists play a critical part of align:start position:0% journalists play a critical part of democracy<00:49:52.720> so<00:49:52.880> that's<00:49:53.040> why<00:49:53.160> Politico<00:49:53.599> reached align:start position:0% democracy so that's why Politico reached align:start position:0% democracy so that's why Politico reached out<00:49:54.000> to<00:49:54.240> us<00:49:54.960> uh<00:49:55.119> because<00:49:55.319> they<00:49:55.440> want<00:49:55.559> to<00:49:55.720> embed align:start position:0% out to us uh because they want to embed align:start position:0% out to us uh because they want to embed AI<00:49:56.359> into<00:49:56.720> their<00:49:56.839> political<00:49:57.280> Pro<00:49:57.640> product<00:49:58.599> um align:start position:0% AI into their political Pro product um align:start position:0% AI into their political Pro product um pretty<00:49:59.000> much<00:49:59.280> every<00:49:59.559> major<00:49:59.920> lobbyist<00:50:00.440> every align:start position:0% pretty much every major lobbyist every align:start position:0% pretty much every major lobbyist every major<00:50:00.920> government<00:50:01.319> official<00:50:01.880> every align:start position:0% major government official every align:start position:0% major government official every Congressional<00:50:02.599> office<00:50:02.880> every<00:50:03.040> senate<00:50:03.400> senate align:start position:0% Congressional office every senate senate align:start position:0% Congressional office every senate senate office<00:50:04.000> uses<00:50:04.319> political<00:50:04.799> Pro<00:50:05.400> to<00:50:06.079> understand align:start position:0% office uses political Pro to understand align:start position:0% office uses political Pro to understand the<00:50:06.440> inner<00:50:06.680> workings<00:50:06.960> of<00:50:07.119> Washington<00:50:07.480> DC<00:50:08.440> uh align:start position:0% the inner workings of Washington DC uh align:start position:0% the inner workings of Washington DC uh so<00:50:08.680> this<00:50:08.799> is<00:50:08.960> their<00:50:09.200> product<00:50:09.480> and<00:50:09.599> what<00:50:09.720> you'll align:start position:0% so this is their product and what you'll align:start position:0% so this is their product and what you'll notice<00:50:10.319> is<00:50:10.720> a<00:50:10.839> little<00:50:11.000> widget<00:50:11.520> called<00:50:11.760> AI align:start position:0% notice is a little widget called AI align:start position:0% notice is a little widget called AI reports<00:50:12.480> powered<00:50:12.799> by<00:50:12.960> Capital<00:50:13.240> AI<00:50:13.880> so<00:50:14.000> if<00:50:14.079> you align:start position:0% reports powered by Capital AI so if you align:start position:0% reports powered by Capital AI so if you are<00:50:14.400> curious<00:50:14.640> of<00:50:14.760> how<00:50:14.920> Congressman<00:50:15.319> R<00:50:15.640> con align:start position:0% are curious of how Congressman R con align:start position:0% are curious of how Congressman R con versus<00:50:16.240> Blake<00:50:16.480> Moore<00:50:17.040> voted<00:50:17.359> on<00:50:17.520> Ukraine<00:50:17.960> Aid align:start position:0% versus Blake Moore voted on Ukraine Aid align:start position:0% versus Blake Moore voted on Ukraine Aid um<00:50:18.960> or<00:50:19.480> on<00:50:19.640> Israel<00:50:20.079> Aid<00:50:20.760> or<00:50:21.119> on<00:50:21.400> other<00:50:21.640> types<00:50:21.839> of align:start position:0% um or on Israel Aid or on other types of align:start position:0% um or on Israel Aid or on other types of key<00:50:22.160> matters<00:50:22.480> you<00:50:22.599> can<00:50:22.720> put<00:50:22.839> in<00:50:22.960> that<00:50:23.119> prompt align:start position:0% key matters you can put in that prompt align:start position:0% key matters you can put in that prompt and<00:50:23.520> it<00:50:23.599> would<00:50:23.760> look<00:50:23.880> at<00:50:24.200> all<00:50:24.480> the<00:50:24.599> political align:start position:0% and it would look at all the political align:start position:0% and it would look at all the political Pro<00:50:25.319> proprietary<00:50:25.920> data<00:50:26.680> and<00:50:26.799> give<00:50:26.920> you<00:50:27.040> an align:start position:0% Pro proprietary data and give you an align:start position:0% Pro proprietary data and give you an interactive<00:50:27.720> report<00:50:28.480> so<00:50:28.640> I'll<00:50:28.760> give<00:50:28.880> you<00:50:28.960> a align:start position:0% interactive report so I'll give you a align:start position:0% interactive report so I'll give you a preview<00:50:29.400> what<00:50:29.520> that<00:50:29.680> actually<00:50:29.920> looks<00:50:30.319> like<00:50:31.319> if align:start position:0% preview what that actually looks like if align:start position:0% preview what that actually looks like if you<00:50:31.520> go<00:50:31.599> to<00:50:31.680> the<00:50:31.799> open<00:50:32.119> left<00:50:32.359> nav<00:50:33.200> you'll<00:50:33.400> see align:start position:0% you go to the open left nav you'll see align:start position:0% you go to the open left nav you'll see create<00:50:33.839> an<00:50:33.960> AI<00:50:34.640> report<00:50:35.640> we're<00:50:35.760> going<00:50:35.880> to align:start position:0% create an AI report we're going to align:start position:0% create an AI report we're going to introduce<00:50:36.559> this<00:50:36.720> concept<00:50:37.040> of<00:50:37.280> projects<00:50:38.240> so align:start position:0% introduce this concept of projects so align:start position:0% introduce this concept of projects so you<00:50:38.839> can<00:50:39.119> add<00:50:39.440> multiple<00:50:40.400> URLs<00:50:41.119> articles<00:50:42.119> data align:start position:0% you can add multiple URLs articles data align:start position:0% you can add multiple URLs articles data sources<00:50:42.880> to<00:50:43.359> this<00:50:43.680> to<00:50:44.160> basically<00:50:44.440> a<00:50:44.559> bucket<00:50:44.839> a align:start position:0% sources to this to basically a bucket a align:start position:0% sources to this to basically a bucket a folder<00:50:45.880> this<00:50:46.040> case<00:50:46.200> this<00:50:46.319> is<00:50:46.440> 2024<00:50:47.040> funding align:start position:0% folder this case this is 2024 funding align:start position:0% folder this case this is 2024 funding bills<00:50:48.160> I'm<00:50:48.280> going<00:50:48.359> to<00:50:48.599> add<00:50:48.839> those<00:50:49.000> sources<00:50:49.359> to align:start position:0% bills I'm going to add those sources to align:start position:0% bills I'm going to add those sources to my<00:50:49.680> prompt<00:50:50.000> box<00:50:50.440> and<00:50:50.520> then<00:50:50.680> it's<00:50:50.839> going<00:50:50.920> to align:start position:0% my prompt box and then it's going to align:start position:0% my prompt box and then it's going to suggest<00:50:51.640> different<00:50:51.920> prompts<00:50:52.240> of<00:50:52.400> how<00:50:52.520> I<00:50:52.599> can align:start position:0% suggest different prompts of how I can align:start position:0% suggest different prompts of how I can interrogate<00:50:53.280> that<00:50:53.440> data<00:50:53.720> and<00:50:53.880> write<00:50:54.000> a<00:50:54.240> report align:start position:0% interrogate that data and write a report align:start position:0% interrogate that data and write a report so<00:50:55.520> I'm<00:50:55.640> going<00:50:55.720> to<00:50:55.839> go<00:50:55.920> with<00:50:56.040> the<00:50:56.119> suggested align:start position:0% so I'm going to go with the suggested align:start position:0% so I'm going to go with the suggested version<00:50:57.079> version<00:50:57.760> write<00:50:58.079> an<00:50:58.240> article align:start position:0% version version write an article align:start position:0% version version write an article explaining<00:50:59.000> Bill align:start position:0% explaining Bill align:start position:0% explaining Bill s205<00:51:01.200> and<00:51:01.359> its<00:51:01.559> impact<00:51:01.839> on<00:51:01.960> the<00:51:02.040> interior<00:51:02.400> and align:start position:0% s205 and its impact on the interior and align:start position:0% s205 and its impact on the interior and EPA<00:51:04.799> and<00:51:04.920> just<00:51:05.079> like<00:51:05.240> you<00:51:05.359> saw<00:51:06.000> in<00:51:06.160> our<00:51:06.400> open align:start position:0% EPA and just like you saw in our open align:start position:0% EPA and just like you saw in our open product<00:51:07.520> you're<00:51:07.680> seeing<00:51:07.960> an<00:51:08.079> in-depth align:start position:0% product you're seeing an in-depth align:start position:0% product you're seeing an in-depth analysis<00:51:09.480> of<00:51:09.640> this<00:51:09.839> bill<00:51:10.160> and<00:51:10.240> this<00:51:10.359> was align:start position:0% analysis of this bill and this was align:start position:0% analysis of this bill and this was created<00:51:10.760> in<00:51:11.000> capital<00:51:11.559> obviously<00:51:12.200> this align:start position:0% created in capital obviously this align:start position:0% created in capital obviously this prototype<00:51:12.960> for<00:51:13.200> for<00:51:13.680> but<00:51:13.839> superposed<00:51:14.440> for align:start position:0% prototype for for but superposed for align:start position:0% prototype for for but superposed for political<00:51:15.000> Pro<00:51:15.520> this<00:51:15.640> will<00:51:15.760> be<00:51:15.880> a<00:51:16.000> full align:start position:0% political Pro this will be a full align:start position:0% political Pro this will be a full document<00:51:16.599> editor<00:51:17.040> experience<00:51:17.520> where<00:51:17.640> you<00:51:17.760> can align:start position:0% document editor experience where you can align:start position:0% document editor experience where you can edit<00:51:18.240> text<00:51:18.640> highlight<00:51:19.040> text<00:51:19.359> and<00:51:19.599> add align:start position:0% edit text highlight text and add align:start position:0% edit text highlight text and add specific<00:51:20.359> data<00:51:20.960> to<00:51:21.200> sections<00:51:21.640> you<00:51:21.760> can<00:51:21.920> add align:start position:0% specific data to sections you can add align:start position:0% specific data to sections you can add YouTube<00:51:22.440> videos<00:51:22.839> PDFs<00:51:23.319> word<00:51:23.640> docs align:start position:0% YouTube videos PDFs word docs align:start position:0% YouTube videos PDFs word docs legislative<00:51:24.960> data<00:51:25.240> regulatory<00:51:25.799> data<00:51:26.359> and align:start position:0% legislative data regulatory data and align:start position:0% legislative data regulatory data and prompt<00:51:26.920> it<00:51:27.480> um<00:51:27.680> so<00:51:28.000> here<00:51:28.200> you<00:51:28.319> can<00:51:28.680> ask<00:51:29.000> Capital align:start position:0% prompt it um so here you can ask Capital align:start position:0% prompt it um so here you can ask Capital to<00:51:29.520> provide<00:51:29.799> examples<00:51:30.160> of<00:51:30.440> specific align:start position:0% to provide examples of specific align:start position:0% to provide examples of specific provisions<00:51:31.160> of<00:51:31.280> the<00:51:31.400> bill<00:51:31.920> or<00:51:32.040> you<00:51:32.119> can<00:51:32.240> take<00:51:32.400> a align:start position:0% provisions of the bill or you can take a align:start position:0% provisions of the bill or you can take a testimony<00:51:32.960> from<00:51:33.160> Court<00:51:33.680> add<00:51:33.839> it<00:51:34.040> and<00:51:34.200> say align:start position:0% testimony from Court add it and say align:start position:0% testimony from Court add it and say highlight<00:51:35.400> the<00:51:35.599> key<00:51:35.839> Parts<00:51:36.599> where<00:51:37.000> you<00:51:37.119> know<00:51:37.359> X align:start position:0% highlight the key Parts where you know X align:start position:0% highlight the key Parts where you know X happened<00:51:38.359> but<00:51:38.480> it<00:51:38.559> doesn't<00:51:38.799> end<00:51:39.079> just<00:51:39.319> there align:start position:0% happened but it doesn't end just there align:start position:0% happened but it doesn't end just there so<00:51:40.160> X<00:51:40.400> out<00:51:41.000> at<00:51:41.119> the<00:51:41.400> document<00:51:41.839> level<00:51:42.240> this<00:51:42.359> is align:start position:0% so X out at the document level this is align:start position:0% so X out at the document level this is where<00:51:42.680> you'll<00:51:42.920> manage<00:51:43.240> all<00:51:43.359> your<00:51:43.520> sources<00:51:43.960> you align:start position:0% where you'll manage all your sources you align:start position:0% where you'll manage all your sources you can<00:51:44.200> remove<00:51:44.480> sources<00:51:44.920> add<00:51:45.119> them<00:51:45.559> regenerate align:start position:0% can remove sources add them regenerate align:start position:0% can remove sources add them regenerate things<00:51:47.040> and<00:51:47.160> if<00:51:47.319> I<00:51:47.440> want<00:51:47.640> to<00:51:47.920> turn<00:51:48.240> this<00:51:48.480> into<00:51:48.760> a align:start position:0% things and if I want to turn this into a align:start position:0% things and if I want to turn this into a tweet<00:51:49.160> storm<00:51:49.520> or<00:51:49.640> a<00:51:49.720> piece<00:51:49.880> of<00:51:50.040> content<00:51:50.359> to align:start position:0% tweet storm or a piece of content to align:start position:0% tweet storm or a piece of content to influence<00:51:51.040> policy<00:51:51.359> not<00:51:51.480> only<00:51:51.960> understand align:start position:0% influence policy not only understand align:start position:0% influence policy not only understand policy<00:51:52.440> but<00:51:52.559> to<00:51:52.799> influence<00:51:53.520> policy<00:51:54.520> I'm<00:51:54.640> going align:start position:0% policy but to influence policy I'm going align:start position:0% policy but to influence policy I'm going to<00:51:54.960> go<00:51:55.119> turn<00:51:55.359> this<00:51:55.480> into<00:51:55.680> a<00:51:55.799> tweet<00:51:56.040> storm align:start position:0% to go turn this into a tweet storm align:start position:0% to go turn this into a tweet storm and<00:51:57.520> then<00:51:57.640> I'm<00:51:57.720> going<00:51:57.799> to<00:51:57.960> prompt<00:51:58.280> it<00:51:58.640> saying align:start position:0% and then I'm going to prompt it saying align:start position:0% and then I'm going to prompt it saying write<00:51:59.240> a<00:51:59.359> series<00:51:59.599> of<00:51:59.680> Tweets<00:51:59.960> in<00:52:00.160> opposition align:start position:0% write a series of Tweets in opposition align:start position:0% write a series of Tweets in opposition to<00:52:00.760> this<00:52:00.920> bill<00:52:01.400> targeting align:start position:0% to this bill targeting align:start position:0% to this bill targeting spending<00:52:04.200> and<00:52:04.319> what<00:52:04.480> I<00:52:04.680> have<00:52:04.960> here<00:52:05.799> is<00:52:05.880> a<00:52:06.000> tweet align:start position:0% spending and what I have here is a tweet align:start position:0% spending and what I have here is a tweet storm<00:52:06.680> opposing<00:52:07.200> this<00:52:07.400> bill<00:52:08.440> citing<00:52:09.440> articles align:start position:0% storm opposing this bill citing articles align:start position:0% storm opposing this bill citing articles from<00:52:10.119> political<00:52:10.559> Pro<00:52:10.880> and<00:52:11.079> other<00:52:11.280> sources align:start position:0% from political Pro and other sources align:start position:0% from political Pro and other sources that<00:52:11.839> are<00:52:12.040> relevant<00:52:13.040> and<00:52:13.160> if<00:52:13.240> I<00:52:13.359> click<00:52:13.599> that<00:52:13.720> I align:start position:0% that are relevant and if I click that I align:start position:0% that are relevant and if I click that I can<00:52:13.920> reprompt<00:52:14.319> it<00:52:14.440> using<00:52:14.760> AI<00:52:15.040> so<00:52:15.200> the<00:52:15.319> cycle align:start position:0% can reprompt it using AI so the cycle align:start position:0% can reprompt it using AI so the cycle continues<00:52:16.480> so<00:52:16.680> that's<00:52:16.799> a<00:52:16.920> little<00:52:17.079> preview<00:52:17.400> of align:start position:0% continues so that's a little preview of align:start position:0% continues so that's a little preview of shapeshifting<00:52:18.359> as<00:52:18.480> we<00:52:18.640> call<00:52:18.839> it<00:52:19.359> with<00:52:19.720> uh<00:52:19.880> with align:start position:0% shapeshifting as we call it with uh with align:start position:0% shapeshifting as we call it with uh with our<00:52:20.200> product<00:52:20.799> you<00:52:20.920> can<00:52:21.040> see<00:52:21.200> that<00:52:21.359> original align:start position:0% our product you can see that original align:start position:0% our product you can see that original Source<00:52:22.079> here<00:52:22.760> how<00:52:22.960> AI<00:52:23.240> will<00:52:23.359> be<00:52:23.520> infused align:start position:0% Source here how AI will be infused align:start position:0% Source here how AI will be infused throughout<00:52:24.440> the<00:52:24.559> entire<00:52:24.920> analysis<00:52:25.480> process align:start position:0% throughout the entire analysis process align:start position:0% throughout the entire analysis process this<00:52:26.280> goes<00:52:26.640> into<00:52:26.760> the<00:52:26.839> regulatory<00:52:27.520> aspects<00:52:27.880> of align:start position:0% this goes into the regulatory aspects of align:start position:0% this goes into the regulatory aspects of well<00:52:28.359> as<00:52:28.520> well<00:52:29.240> um<00:52:29.359> your<00:52:29.559> average<00:52:29.839> citizen align:start position:0% well as well um your average citizen align:start position:0% well as well um your average citizen it's<00:52:30.359> hard<00:52:30.520> to<00:52:30.960> understand<00:52:31.559> the<00:52:31.640> legal<00:52:31.920> ease align:start position:0% it's hard to understand the legal ease align:start position:0% it's hard to understand the legal ease of<00:52:32.280> many<00:52:32.440> of<00:52:32.559> these<00:52:32.680> things<00:52:33.079> and<00:52:33.160> we<00:52:33.240> want<00:52:33.359> to align:start position:0% of many of these things and we want to align:start position:0% of many of these things and we want to democratize<00:52:34.160> that<00:52:34.559> so<00:52:34.760> yeah<00:52:35.040> that's<00:52:35.200> what align:start position:0% democratize that so yeah that's what align:start position:0% democratize that so yeah that's what we're<00:52:35.440> building<00:52:35.760> Capi<00:52:36.640> open<00:52:36.839> to<00:52:37.000> your align:start position:0% we're building Capi open to your align:start position:0% we're building Capi open to your questions<00:52:37.480> afterwards<00:52:37.839> and<00:52:38.040> thank<00:52:38.160> you<00:52:38.240> for align:start position:0% questions afterwards and thank you for align:start position:0% questions afterwards and thank you for your align:start position:0% your align:start position:0% your time<00:52:40.040> thank<00:52:40.160> you align:start position:0% time thank you align:start position:0% time thank you Sean<00:52:42.480> up<00:52:42.720> next<00:52:43.079> we<00:52:43.280> have<00:52:43.640> FTC<00:52:44.160> chair<00:52:44.760> lenina align:start position:0% Sean up next we have FTC chair lenina align:start position:0% Sean up next we have FTC chair lenina Khan<00:52:45.559> is<00:52:45.720> going<00:52:45.880> to<00:52:46.119> make<00:52:46.319> some<00:52:46.839> remarks<00:52:47.839> and align:start position:0% Khan is going to make some remarks and align:start position:0% Khan is going to make some remarks and then<00:52:48.559> uh<00:52:48.680> she's<00:52:48.960> going<00:52:49.119> to<00:52:49.680> participate<00:52:50.079> in<00:52:50.200> a align:start position:0% then uh she's going to participate in a align:start position:0% then uh she's going to participate in a fir<00:52:50.680> side<00:52:50.839> chat<00:52:51.160> similar<00:52:51.440> to<00:52:51.599> How<00:52:51.760> Gary<00:52:52.079> did align:start position:0% fir side chat similar to How Gary did align:start position:0% fir side chat similar to How Gary did with<00:52:52.400> Jonathan<00:52:53.160> we've<00:52:53.319> flown<00:52:53.640> out<00:52:54.400> Timothy<00:52:54.799> B align:start position:0% with Jonathan we've flown out Timothy B align:start position:0% with Jonathan we've flown out Timothy B Lee<00:52:55.280> does<00:52:55.440> anybody<00:52:56.319> uh align:start position:0% Lee does anybody uh align:start position:0% Lee does anybody uh read<00:52:57.880> understanding<00:52:58.599> AI<00:52:59.920> outstanding<00:53:00.920> uh align:start position:0% read understanding AI outstanding uh align:start position:0% read understanding AI outstanding uh substack<00:53:01.799> I<00:53:01.960> highly<00:53:02.200> recommend<00:53:02.640> it<00:53:02.839> it's align:start position:0% substack I highly recommend it it's align:start position:0% substack I highly recommend it it's really<00:53:03.400> helped<00:53:04.400> uh<00:53:04.839> a<00:53:05.119> non-technical<00:53:05.839> person align:start position:0% really helped uh a non-technical person align:start position:0% really helped uh a non-technical person like<00:53:06.280> me<00:53:06.640> kind<00:53:06.760> of<00:53:07.119> understand<00:53:07.319> what's<00:53:07.520> going align:start position:0% like me kind of understand what's going align:start position:0% like me kind of understand what's going on<00:53:07.799> under<00:53:08.040> the<00:53:08.200> hood<00:53:09.200> uh<00:53:09.400> and<00:53:10.160> um<00:53:10.280> so<00:53:10.400> I'm<00:53:10.520> just align:start position:0% on under the hood uh and um so I'm just align:start position:0% on under the hood uh and um so I'm just going<00:53:10.720> to<00:53:11.119> quickly<00:53:11.799> uh<00:53:11.920> introduce<00:53:12.319> Timothy align:start position:0% going to quickly uh introduce Timothy align:start position:0% going to quickly uh introduce Timothy and<00:53:13.160> cheran<00:53:13.920> cheran<00:53:14.400> will<00:53:14.520> come<00:53:14.640> up<00:53:14.760> and<00:53:14.920> speak align:start position:0% and cheran cheran will come up and speak align:start position:0% and cheran cheran will come up and speak and<00:53:15.680> then<00:53:16.440> uh<00:53:16.640> Timothy<00:53:17.040> will<00:53:17.160> come<00:53:17.280> up<00:53:17.440> and align:start position:0% and then uh Timothy will come up and align:start position:0% and then uh Timothy will come up and interview<00:53:18.119> her<00:53:18.640> so<00:53:19.079> and<00:53:19.200> we'll<00:53:19.359> have<00:53:19.520> some align:start position:0% interview her so and we'll have some align:start position:0% interview her so and we'll have some time<00:53:19.839> for<00:53:20.319> uh<00:53:20.480> Q&A<00:53:20.799> for<00:53:20.880> the<00:53:20.960> audience<00:53:21.680> so<00:53:22.200> uh align:start position:0% time for uh Q&A for the audience so uh align:start position:0% time for uh Q&A for the audience so uh Timothy<00:53:22.760> is<00:53:22.799> a<00:53:22.960> technology<00:53:23.359> journalist<00:53:23.760> and align:start position:0% Timothy is a technology journalist and align:start position:0% Timothy is a technology journalist and analyst<00:53:24.240> who<00:53:24.400> writes<00:53:24.839> uh<00:53:24.920> the<00:53:25.040> popular align:start position:0% analyst who writes uh the popular align:start position:0% analyst who writes uh the popular substack<00:53:26.280> understand<00:53:26.720> AI<00:53:27.559> uh<00:53:27.680> with<00:53:27.799> over<00:53:28.000> a align:start position:0% substack understand AI uh with over a align:start position:0% substack understand AI uh with over a decade<00:53:28.400> of<00:53:28.599> experience<00:53:29.040> covering<00:53:29.359> Tech align:start position:0% decade of experience covering Tech align:start position:0% decade of experience covering Tech economics<00:53:30.240> public<00:53:30.559> policy<00:53:31.160> he<00:53:31.480> brings<00:53:31.880> deep align:start position:0% economics public policy he brings deep align:start position:0% economics public policy he brings deep expertise<00:53:32.760> to<00:53:32.960> his<00:53:33.160> analysis<00:53:33.559> of<00:53:33.720> artificial align:start position:0% expertise to his analysis of artificial align:start position:0% expertise to his analysis of artificial intelligence<00:53:34.640> and<00:53:34.799> its<00:53:35.119> impacts<00:53:36.119> uh<00:53:36.240> he align:start position:0% intelligence and its impacts uh he align:start position:0% intelligence and its impacts uh he previously<00:53:36.839> wrote<00:53:37.160> for<00:53:37.480> Arts<00:53:37.839> Technica<00:53:38.440> Fox align:start position:0% previously wrote for Arts Technica Fox align:start position:0% previously wrote for Arts Technica Fox Washington<00:53:39.440> Post<00:53:40.160> he<00:53:40.280> has<00:53:40.359> a<00:53:40.520> master's<00:53:40.880> degree align:start position:0% Washington Post he has a master's degree align:start position:0% Washington Post he has a master's degree in<00:53:41.280> computer<00:53:41.599> science<00:53:41.839> from<00:53:42.280> Princeton<00:53:43.280> um align:start position:0% in computer science from Princeton um align:start position:0% in computer science from Princeton um and<00:53:44.160> through<00:53:44.400> his<00:53:44.599> writing<00:53:45.000> he<00:53:45.160> really<00:53:45.319> helps align:start position:0% and through his writing he really helps align:start position:0% and through his writing he really helps readers<00:53:46.160> grasp<00:53:46.640> how<00:53:46.880> AI<00:53:47.240> works<00:53:47.839> and<00:53:48.000> how<00:53:48.119> it's align:start position:0% readers grasp how AI works and how it's align:start position:0% readers grasp how AI works and how it's reshaping<00:53:48.799> our<00:53:48.960> world<00:53:49.960> um<00:53:50.280> his<00:53:50.520> newsletter<00:53:51.000> is align:start position:0% reshaping our world um his newsletter is align:start position:0% reshaping our world um his newsletter is exploring<00:53:51.760> topics<00:53:52.119> like<00:53:52.280> large<00:53:52.559> language align:start position:0% exploring topics like large language align:start position:0% exploring topics like large language models<00:53:53.240> self-driving<00:53:53.799> cars<00:53:54.599> ai's<00:53:55.079> effects<00:53:55.359> on align:start position:0% models self-driving cars ai's effects on align:start position:0% models self-driving cars ai's effects on labor<00:53:55.839> markets align:start position:0% labor markets align:start position:0% labor markets maybe<00:53:58.000> SP<00:53:58.160> 1047<00:53:59.160> I<00:53:59.240> don't<00:53:59.359> know<00:53:59.520> maybe<00:53:59.720> we align:start position:0% maybe SP 1047 I don't know maybe we align:start position:0% maybe SP 1047 I don't know maybe we maybe<00:54:00.160> we'll<00:54:00.280> see<00:54:00.400> an<00:54:00.520> article<00:54:00.880> about<00:54:01.119> that<00:54:01.559> uh align:start position:0% maybe we'll see an article about that uh align:start position:0% maybe we'll see an article about that uh soon<00:54:03.200> uh<00:54:03.319> the<00:54:03.440> philosophical<00:54:04.119> questions align:start position:0% soon uh the philosophical questions align:start position:0% soon uh the philosophical questions raised<00:54:04.839> by<00:54:05.000> artificial<00:54:05.480> intelligence<00:54:06.480> and align:start position:0% raised by artificial intelligence and align:start position:0% raised by artificial intelligence and then<00:54:07.160> uh<00:54:07.280> Lena<00:54:07.680> M<00:54:07.960> Khan<00:54:08.200> is<00:54:08.319> the<00:54:08.400> chair<00:54:08.599> of<00:54:08.680> the align:start position:0% then uh Lena M Khan is the chair of the align:start position:0% then uh Lena M Khan is the chair of the Federal<00:54:09.040> Trade<00:54:09.240> Commission<00:54:09.640> appointed<00:54:10.000> by align:start position:0% Federal Trade Commission appointed by align:start position:0% Federal Trade Commission appointed by President<00:54:10.440> Biden<00:54:10.720> in<00:54:11.160> 2021<00:54:11.880> at<00:54:12.000> the<00:54:12.119> age<00:54:12.280> of<00:54:12.480> 32 align:start position:0% President Biden in 2021 at the age of 32 align:start position:0% President Biden in 2021 at the age of 32 you<00:54:13.040> know<00:54:13.200> this<00:54:13.319> is<00:54:13.599> Lena<00:54:14.000> Khan's<00:54:14.680> thirdd<00:54:15.400> YC align:start position:0% you know this is Lena Khan's thirdd YC align:start position:0% you know this is Lena Khan's thirdd YC event<00:54:16.119> we<00:54:16.280> had<00:54:16.799> uh<00:54:16.920> my<00:54:17.119> first<00:54:17.400> I<00:54:17.480> was<00:54:17.880> like<00:54:18.040> two align:start position:0% event we had uh my first I was like two align:start position:0% event we had uh my first I was like two weeks<00:54:18.400> into<00:54:18.640> the<00:54:18.760> job<00:54:18.960> and<00:54:19.079> we<00:54:19.240> had<00:54:19.640> her<00:54:19.839> come align:start position:0% weeks into the job and we had her come align:start position:0% weeks into the job and we had her come out<00:54:20.760> uh<00:54:21.000> last<00:54:21.319> November<00:54:22.280> and<00:54:22.440> then<00:54:23.040> she<00:54:23.280> came align:start position:0% out uh last November and then she came align:start position:0% out uh last November and then she came out<00:54:24.240> or<00:54:24.400> we<00:54:24.559> did<00:54:24.680> a<00:54:24.920> policy<00:54:25.280> event<00:54:25.680> in align:start position:0% out or we did a policy event in align:start position:0% out or we did a policy event in Washington<00:54:26.720> called<00:54:26.920> remedy<00:54:27.400> Fest<00:54:28.400> and<00:54:29.000> Not align:start position:0% Washington called remedy Fest and Not align:start position:0% Washington called remedy Fest and Not only<00:54:29.480> was<00:54:29.680> Sher<00:54:30.040> Khan<00:54:30.359> there<00:54:30.520> but<00:54:30.640> we<00:54:30.760> also<00:54:31.040> had align:start position:0% only was Sher Khan there but we also had align:start position:0% only was Sher Khan there but we also had Elizabeth<00:54:32.319> Warren<00:54:32.760> and<00:54:32.920> JD<00:54:33.319> Vance<00:54:33.720> so<00:54:33.880> it<00:54:33.960> was align:start position:0% Elizabeth Warren and JD Vance so it was align:start position:0% Elizabeth Warren and JD Vance so it was like<00:54:34.200> this<00:54:34.559> interesting<00:54:35.280> uh<00:54:35.799> assembly<00:54:36.760> and align:start position:0% like this interesting uh assembly and align:start position:0% like this interesting uh assembly and then<00:54:37.200> at<00:54:37.359> the<00:54:37.520> event<00:54:37.839> JD<00:54:38.200> Vance<00:54:38.520> said<00:54:38.839> my align:start position:0% then at the event JD Vance said my align:start position:0% then at the event JD Vance said my favorite<00:54:39.440> member<00:54:39.720> of<00:54:39.839> the<00:54:40.000> Biden align:start position:0% favorite member of the Biden align:start position:0% favorite member of the Biden Administration<00:54:41.440> is<00:54:41.599> lenina<00:54:42.240> Con<00:54:43.240> and<00:54:43.359> so<00:54:43.599> now align:start position:0% Administration is lenina Con and so now align:start position:0% Administration is lenina Con and so now that<00:54:43.920> he's<00:54:44.079> been<00:54:44.240> named<00:54:44.720> uh<00:54:44.799> the<00:54:44.920> vice align:start position:0% that he's been named uh the vice align:start position:0% that he's been named uh the vice presidential<00:54:45.599> pick<00:54:45.839> on<00:54:46.119> on<00:54:46.280> the<00:54:46.440> sort<00:54:46.599> of align:start position:0% presidential pick on on the sort of align:start position:0% presidential pick on on the sort of trump<00:54:46.960> BS<00:54:47.319> ticket<00:54:47.960> everybody<00:54:48.400> is<00:54:48.640> like<00:54:48.960> you align:start position:0% trump BS ticket everybody is like you align:start position:0% trump BS ticket everybody is like you know<00:54:49.680> scouring<00:54:50.200> the<00:54:50.520> the<00:54:50.640> transcripts<00:54:51.359> of<00:54:52.000> uh align:start position:0% know scouring the the transcripts of uh align:start position:0% know scouring the the transcripts of uh our<00:54:52.319> first<00:54:52.720> real<00:54:53.079> policy<00:54:53.400> event<00:54:53.559> in align:start position:0% our first real policy event in align:start position:0% our first real policy event in Washington<00:54:54.079> remedy<00:54:54.480> Fest<00:54:54.720> so<00:54:54.880> that<00:54:54.960> was<00:54:55.119> kind align:start position:0% Washington remedy Fest so that was kind align:start position:0% Washington remedy Fest so that was kind of<00:54:55.640> a<00:54:55.839> cool<00:54:56.040> thing<00:54:56.200> that<00:54:56.480> happened<00:54:57.040> last<00:54:57.280> week align:start position:0% of a cool thing that happened last week align:start position:0% of a cool thing that happened last week anyway<00:54:58.119> sorry<00:54:58.359> I<00:54:58.480> got<00:54:58.720> got<00:54:58.920> distracted<00:54:59.640> uh align:start position:0% anyway sorry I got got distracted uh align:start position:0% anyway sorry I got got distracted uh legal<00:55:00.119> schol<00:55:00.720> a<00:55:00.839> legal<00:55:01.079> scholar<00:55:01.440> and align:start position:0% legal schol a legal scholar and align:start position:0% legal schol a legal scholar and Anti-Trust<00:55:02.160> expert<00:55:02.480> con<00:55:02.680> Rose<00:55:02.960> to<00:55:03.160> prominence align:start position:0% Anti-Trust expert con Rose to prominence align:start position:0% Anti-Trust expert con Rose to prominence when<00:55:03.760> her<00:55:04.040> 2017<00:55:04.760> Yale<00:55:05.040> Law<00:55:05.240> Journal<00:55:05.920> Amazon's align:start position:0% when her 2017 Yale Law Journal Amazon's align:start position:0% when her 2017 Yale Law Journal Amazon's antitrust<00:55:06.960> Paradox<00:55:07.480> which<00:55:07.640> challenged align:start position:0% antitrust Paradox which challenged align:start position:0% antitrust Paradox which challenged traditional<00:55:08.880> antitrust<00:55:09.440> thinking<00:55:10.440> uh<00:55:10.640> prior align:start position:0% traditional antitrust thinking uh prior align:start position:0% traditional antitrust thinking uh prior to<00:55:11.040> her<00:55:11.200> FTC<00:55:11.680> role<00:55:11.960> she<00:55:12.119> was<00:55:12.440> associate align:start position:0% to her FTC role she was associate align:start position:0% to her FTC role she was associate professor<00:55:13.160> at<00:55:13.280> Columbia<00:55:13.680> Law<00:55:13.880> School<00:55:14.200> served align:start position:0% professor at Columbia Law School served align:start position:0% professor at Columbia Law School served as<00:55:14.640> Council<00:55:15.000> to<00:55:15.200> US<00:55:15.440> House<00:55:15.680> Judiciary align:start position:0% as Council to US House Judiciary align:start position:0% as Council to US House Judiciary Committee<00:55:16.839> subcommittee<00:55:17.359> on<00:55:17.480> antitrust align:start position:0% Committee subcommittee on antitrust align:start position:0% Committee subcommittee on antitrust she's<00:55:18.240> known<00:55:18.480> for<00:55:18.680> her<00:55:19.200> Innovative<00:55:19.720> approach align:start position:0% she's known for her Innovative approach align:start position:0% she's known for her Innovative approach to<00:55:20.200> competition<00:55:20.720> policy<00:55:21.200> advocating<00:55:21.599> for align:start position:0% to competition policy advocating for align:start position:0% to competition policy advocating for more<00:55:22.000> aggressive<00:55:22.440> enforcement<00:55:23.000> against<00:55:23.280> Tech align:start position:0% more aggressive enforcement against Tech align:start position:0% more aggressive enforcement against Tech Giants<00:55:24.480> and<00:55:24.640> other<00:55:24.839> large<00:55:25.319> corporations<00:55:26.319> her align:start position:0% Giants and other large corporations her align:start position:0% Giants and other large corporations her Works<00:55:27.039> uh<00:55:27.160> reshape<00:55:27.680> the<00:55:27.799> conversation<00:55:28.280> around align:start position:0% Works uh reshape the conversation around align:start position:0% Works uh reshape the conversation around Monopoly<00:55:29.000> power<00:55:29.319> and<00:55:29.480> the<00:55:29.599> digital<00:55:29.960> age align:start position:0% Monopoly power and the digital age align:start position:0% Monopoly power and the digital age earning<00:55:30.680> her<00:55:30.839> recognition<00:55:31.440> from align:start position:0% earning her recognition from align:start position:0% earning her recognition from Publications<00:55:32.480> like<00:55:32.640> Time<00:55:32.880> Magazine<00:55:33.319> foreign align:start position:0% Publications like Time Magazine foreign align:start position:0% Publications like Time Magazine foreign policy<00:55:34.400> she<00:55:34.559> has<00:55:34.680> a<00:55:34.799> JD<00:55:35.119> from<00:55:35.359> y<00:55:35.680> Law<00:55:35.880> And<00:55:35.960> a<00:55:36.079> ba align:start position:0% policy she has a JD from y Law And a ba align:start position:0% policy she has a JD from y Law And a ba from<00:55:36.440> Williams<00:55:36.839> College<00:55:37.400> please<00:55:37.640> welcome<00:55:37.880> to align:start position:0% from Williams College please welcome to align:start position:0% from Williams College please welcome to the<00:55:38.160> stage<00:55:38.480> cheer align:start position:0% the stage cheer align:start position:0% the stage cheer [Applause] align:start position:0% con<00:55:48.240> hey<00:55:48.400> everybody<00:55:48.839> it's<00:55:48.960> so<00:55:49.160> great<00:55:49.319> to<00:55:49.480> be align:start position:0% con hey everybody it's so great to be align:start position:0% con hey everybody it's so great to be here<00:55:50.720> as<00:55:50.839> Luther<00:55:51.160> mentioned<00:55:51.599> this<00:55:51.720> is<00:55:51.880> my align:start position:0% here as Luther mentioned this is my align:start position:0% here as Luther mentioned this is my third<00:55:52.480> YC<00:55:52.920> event<00:55:53.799> and<00:55:54.000> before<00:55:54.440> each<00:55:54.720> one align:start position:0% third YC event and before each one align:start position:0% third YC event and before each one Luther<00:55:55.480> really<00:55:55.720> tries<00:55:55.920> to<00:55:56.319> convinc<00:55:56.599> me<00:55:56.720> to align:start position:0% Luther really tries to convinc me to align:start position:0% Luther really tries to convinc me to ditch<00:55:57.119> the<00:55:57.240> Blazer<00:55:57.640> and<00:55:57.799> just<00:55:58.000> wear<00:55:58.200> a<00:55:58.319> t-shirt align:start position:0% ditch the Blazer and just wear a t-shirt align:start position:0% ditch the Blazer and just wear a t-shirt so<00:55:58.920> I<00:55:59.000> can<00:55:59.200> fit<00:55:59.400> in<00:55:59.799> but<00:55:59.920> I<00:56:00.000> haven't<00:56:00.240> been<00:56:00.359> able align:start position:0% so I can fit in but I haven't been able align:start position:0% so I can fit in but I haven't been able to<00:56:00.720> get<00:56:00.880> there<00:56:01.000> so<00:56:01.160> I<00:56:01.240> hope<00:56:01.400> you'll<00:56:01.599> forgive<00:56:02.280> uh align:start position:0% to get there so I hope you'll forgive uh align:start position:0% to get there so I hope you'll forgive uh the<00:56:02.520> Blazer<00:56:02.920> though<00:56:03.079> now<00:56:03.200> I<00:56:03.280> see<00:56:03.440> Luther<00:56:03.760> is align:start position:0% the Blazer though now I see Luther is align:start position:0% the Blazer though now I see Luther is also<00:56:04.039> wearing<00:56:04.280> a<00:56:04.400> Blazer<00:56:04.760> so<00:56:04.960> I<00:56:05.000> don't<00:56:05.160> know align:start position:0% also wearing a Blazer so I don't know align:start position:0% also wearing a Blazer so I don't know what<00:56:05.839> what<00:56:06.000> happened align:start position:0% what what happened align:start position:0% what what happened there<00:56:08.039> um<00:56:08.280> well<00:56:08.400> it's<00:56:08.480> so<00:56:08.680> great<00:56:08.839> to<00:56:09.079> to<00:56:09.240> be align:start position:0% there um well it's so great to to be align:start position:0% there um well it's so great to to be here<00:56:09.799> and<00:56:10.119> as<00:56:10.240> you<00:56:10.400> all<00:56:10.559> know<00:56:10.839> there's<00:56:11.039> been<00:56:11.200> a align:start position:0% here and as you all know there's been a align:start position:0% here and as you all know there's been a lot<00:56:11.440> of<00:56:11.640> talk<00:56:11.880> recently<00:56:12.400> in<00:56:12.559> Washington<00:56:13.240> about align:start position:0% lot of talk recently in Washington about align:start position:0% lot of talk recently in Washington about how<00:56:13.599> to<00:56:13.920> address<00:56:14.599> Ai<00:56:15.599> and<00:56:15.960> Gary<00:56:16.440> has<00:56:16.599> been<00:56:16.920> just align:start position:0% how to address Ai and Gary has been just align:start position:0% how to address Ai and Gary has been just at<00:56:17.319> the<00:56:17.440> Forefront<00:56:18.200> of<00:56:18.400> making<00:56:18.720> sure<00:56:19.240> that align:start position:0% at the Forefront of making sure that align:start position:0% at the Forefront of making sure that little<00:56:19.839> Tech<00:56:20.200> has<00:56:20.359> a<00:56:20.480> seat<00:56:20.720> at<00:56:20.839> the<00:56:21.000> table<00:56:21.799> uh align:start position:0% little Tech has a seat at the table uh align:start position:0% little Tech has a seat at the table uh and<00:56:22.079> so<00:56:22.280> that<00:56:22.440> to<00:56:22.599> make<00:56:22.760> sure<00:56:23.000> that<00:56:23.119> we<00:56:23.240> are align:start position:0% and so that to make sure that we are align:start position:0% and so that to make sure that we are hearing<00:56:23.799> from<00:56:24.000> Market<00:56:24.359> participants<00:56:24.920> across align:start position:0% hearing from Market participants across align:start position:0% hearing from Market participants across the<00:56:25.359> board<00:56:25.640> and<00:56:25.760> so<00:56:26.359> really<00:56:26.640> appreciate<00:56:27.240> that align:start position:0% the board and so really appreciate that align:start position:0% the board and so really appreciate that that<00:56:27.760> advocacy<00:56:28.400> and<00:56:28.920> um<00:56:29.160> championing<00:56:29.760> the align:start position:0% that advocacy and um championing the align:start position:0% that advocacy and um championing the role<00:56:30.039> of<00:56:30.160> little<00:56:30.520> Tech<00:56:31.440> and<00:56:31.520> so<00:56:31.720> against<00:56:32.000> this align:start position:0% role of little Tech and so against this align:start position:0% role of little Tech and so against this backdrop<00:56:32.640> it's<00:56:32.799> really<00:56:33.119> exciting<00:56:33.520> to<00:56:33.640> be<00:56:33.839> here align:start position:0% backdrop it's really exciting to be here align:start position:0% backdrop it's really exciting to be here to<00:56:34.319> get<00:56:34.480> to<00:56:34.640> talk<00:56:34.920> about<00:56:35.359> how<00:56:35.559> we<00:56:35.680> can<00:56:35.920> make align:start position:0% to get to talk about how we can make align:start position:0% to get to talk about how we can make sure<00:56:36.960> that<00:56:37.160> America<00:56:37.640> can<00:56:37.839> harness<00:56:38.359> the<00:56:38.520> full align:start position:0% sure that America can harness the full align:start position:0% sure that America can harness the full opportunity<00:56:39.960> Innovation<00:56:40.680> and<00:56:40.920> growth<00:56:41.720> that align:start position:0% opportunity Innovation and growth that align:start position:0% opportunity Innovation and growth that AI<00:56:42.280> could<00:56:42.520> present<00:56:43.520> and<00:56:43.720> I<00:56:43.880> believe<00:56:44.480> that<00:56:44.720> a align:start position:0% AI could present and I believe that a align:start position:0% AI could present and I believe that a vital<00:56:45.400> ingredient<00:56:46.359> to<00:56:46.599> making<00:56:46.920> sure<00:56:47.400> that align:start position:0% vital ingredient to making sure that align:start position:0% vital ingredient to making sure that these<00:56:47.839> markets<00:56:48.240> stay<00:56:48.559> open<00:56:49.240> honest<00:56:49.599> and align:start position:0% these markets stay open honest and align:start position:0% these markets stay open honest and competitive<00:56:50.680> is<00:56:50.839> going<00:56:50.960> to<00:56:51.079> be<00:56:51.240> vigorous align:start position:0% competitive is going to be vigorous align:start position:0% competitive is going to be vigorous antitrust<00:56:52.359> enforcement<00:56:53.000> and<00:56:53.240> competition align:start position:0% antitrust enforcement and competition align:start position:0% antitrust enforcement and competition policy<00:56:54.960> Fair<00:56:55.400> competition<00:56:56.319> is<00:56:56.520> what<00:56:56.760> ensures align:start position:0% policy Fair competition is what ensures align:start position:0% policy Fair competition is what ensures that<00:56:57.880> the<00:56:58.079> best<00:56:58.359> ideas<00:56:58.839> win<00:56:59.839> that<00:57:00.039> markets<00:57:00.480> are align:start position:0% that the best ideas win that markets are align:start position:0% that the best ideas win that markets are actually<00:57:01.119> rewarding<00:57:01.760> businesses<00:57:02.599> with<00:57:02.799> the align:start position:0% actually rewarding businesses with the align:start position:0% actually rewarding businesses with the best<00:57:03.200> skill<00:57:03.760> and<00:57:03.960> talent<00:57:04.960> rather<00:57:05.240> than align:start position:0% best skill and talent rather than align:start position:0% best skill and talent rather than rewarding<00:57:06.039> just<00:57:06.240> the<00:57:06.440> businesses<00:57:07.119> that<00:57:07.280> can align:start position:0% rewarding just the businesses that can align:start position:0% rewarding just the businesses that can exploit<00:57:08.160> special<00:57:08.599> privileges<00:57:09.200> or<00:57:09.760> advantages align:start position:0% exploit special privileges or advantages align:start position:0% exploit special privileges or advantages and<00:57:10.920> these<00:57:11.079> are<00:57:11.280> really<00:57:11.559> the<00:57:11.680> markets<00:57:12.240> that align:start position:0% and these are really the markets that align:start position:0% and these are really the markets that allow<00:57:13.160> tinkerers<00:57:13.880> and<00:57:14.079> dreamers<00:57:14.680> to<00:57:14.920> come<00:57:15.079> up align:start position:0% allow tinkerers and dreamers to come up align:start position:0% allow tinkerers and dreamers to come up with<00:57:15.400> a<00:57:15.559> big<00:57:15.799> idea<00:57:16.359> take<00:57:16.520> a<00:57:16.720> risk<00:57:17.039> and align:start position:0% with a big idea take a risk and align:start position:0% with a big idea take a risk and Thrive<00:57:18.960> historically<00:57:19.960> uh<00:57:20.119> these<00:57:20.400> open<00:57:20.760> fair align:start position:0% Thrive historically uh these open fair align:start position:0% Thrive historically uh these open fair and<00:57:21.319> competitive<00:57:21.880> markets<00:57:22.599> have<00:57:22.760> been<00:57:23.000> the align:start position:0% and competitive markets have been the align:start position:0% and competitive markets have been the engines<00:57:23.920> of<00:57:24.200> American<00:57:24.680> growth<00:57:25.039> and align:start position:0% engines of American growth and align:start position:0% engines of American growth and innovation<00:57:26.599> especially<00:57:27.359> at<00:57:27.559> moments<00:57:28.119> of align:start position:0% innovation especially at moments of align:start position:0% innovation especially at moments of major<00:57:29.039> technological<00:57:30.000> disruption<00:57:30.839> and align:start position:0% major technological disruption and align:start position:0% major technological disruption and transformation<00:57:32.480> uh<00:57:32.599> like<00:57:32.799> the<00:57:32.920> one<00:57:33.119> that align:start position:0% transformation uh like the one that align:start position:0% transformation uh like the one that we're<00:57:33.400> seeing<00:57:33.760> now<00:57:34.000> with<00:57:34.359> AI<00:57:35.359> and<00:57:35.440> so<00:57:35.680> these align:start position:0% we're seeing now with AI and so these align:start position:0% we're seeing now with AI and so these are<00:57:36.000> the<00:57:36.119> moments<00:57:36.599> that<00:57:36.760> we<00:57:37.000> in<00:57:37.240> particular align:start position:0% are the moments that we in particular align:start position:0% are the moments that we in particular see<00:57:38.480> breakthrough<00:57:39.160> ideas<00:57:39.960> ideas<00:57:40.440> that<00:57:40.559> can align:start position:0% see breakthrough ideas ideas that can align:start position:0% see breakthrough ideas ideas that can really<00:57:41.000> shift<00:57:41.400> the<00:57:41.920> Paradigm<00:57:42.920> but<00:57:43.119> history align:start position:0% really shift the Paradigm but history align:start position:0% really shift the Paradigm but history shows<00:57:43.880> that<00:57:44.039> these<00:57:44.160> are<00:57:44.400> also<00:57:44.960> the<00:57:45.119> moments align:start position:0% shows that these are also the moments align:start position:0% shows that these are also the moments when<00:57:46.160> incumbents<00:57:46.880> can<00:57:47.079> try<00:57:47.319> to<00:57:47.559> tighten<00:57:47.960> their align:start position:0% when incumbents can try to tighten their align:start position:0% when incumbents can try to tighten their grasp<00:57:49.119> even<00:57:49.400> if<00:57:49.520> it<00:57:49.640> means<00:57:50.160> abusing<00:57:50.640> their align:start position:0% grasp even if it means abusing their align:start position:0% grasp even if it means abusing their power<00:57:51.680> because<00:57:51.960> they<00:57:52.119> have<00:57:52.280> the<00:57:52.400> most<00:57:52.680> to<00:57:52.839> lose align:start position:0% power because they have the most to lose align:start position:0% power because they have the most to lose so<00:57:53.839> these<00:57:54.039> companies<00:57:54.640> can<00:57:54.880> potentially align:start position:0% so these companies can potentially align:start position:0% so these companies can potentially exploit<00:57:56.160> bottlenecks<00:57:57.119> and<00:57:57.319> stop<00:57:57.680> the<00:57:57.799> flow<00:57:58.079> of align:start position:0% exploit bottlenecks and stop the flow of align:start position:0% exploit bottlenecks and stop the flow of innovation<00:57:59.520> uh<00:57:59.640> they<00:57:59.720> can<00:57:59.920> leverage<00:58:00.440> their align:start position:0% innovation uh they can leverage their align:start position:0% innovation uh they can leverage their Market<00:58:01.039> power<00:58:01.480> to<00:58:01.680> pick<00:58:01.880> winners<00:58:02.200> and<00:58:02.400> losers align:start position:0% Market power to pick winners and losers align:start position:0% Market power to pick winners and losers rather<00:58:03.440> than<00:58:03.599> allowing<00:58:04.000> the<00:58:04.200> best<00:58:04.480> ideas<00:58:04.880> to align:start position:0% rather than allowing the best ideas to align:start position:0% rather than allowing the best ideas to win<00:58:06.039> and<00:58:06.160> so<00:58:06.319> to<00:58:06.599> make<00:58:06.760> sure<00:58:07.039> we<00:58:07.240> fully<00:58:07.880> harness align:start position:0% win and so to make sure we fully harness align:start position:0% win and so to make sure we fully harness the<00:58:08.920> benefits<00:58:09.319> and<00:58:09.559> opportunities<00:58:10.280> of<00:58:10.480> AI<00:58:11.359> we align:start position:0% the benefits and opportunities of AI we align:start position:0% the benefits and opportunities of AI we have<00:58:11.720> to<00:58:11.920> make<00:58:12.200> sure<00:58:12.440> that<00:58:12.559> we're<00:58:12.720> staying align:start position:0% have to make sure that we're staying align:start position:0% have to make sure that we're staying Vigilant<00:58:14.079> and<00:58:14.200> that<00:58:14.319> we're<00:58:14.520> making<00:58:14.839> sure<00:58:15.240> that align:start position:0% Vigilant and that we're making sure that align:start position:0% Vigilant and that we're making sure that upstarts<00:58:16.280> can<00:58:16.480> really<00:58:16.880> compete<00:58:17.280> on<00:58:17.400> a<00:58:17.559> Level align:start position:0% upstarts can really compete on a Level align:start position:0% upstarts can really compete on a Level Playing<00:58:18.160> Field<00:58:18.640> here<00:58:19.520> and<00:58:19.640> I<00:58:19.799> believe<00:58:20.200> that align:start position:0% Playing Field here and I believe that align:start position:0% Playing Field here and I believe that this<00:58:20.440> is<00:58:20.559> going<00:58:20.680> to<00:58:20.880> require<00:58:21.559> alongside<00:58:22.200> other align:start position:0% this is going to require alongside other align:start position:0% this is going to require alongside other things<00:58:22.960> a<00:58:23.119> real<00:58:23.640> commitment<00:58:24.240> to<00:58:24.559> a<00:58:24.760> philosophy align:start position:0% things a real commitment to a philosophy align:start position:0% things a real commitment to a philosophy of<00:58:25.559> openness<00:58:26.359> across<00:58:26.720> the<00:58:26.880> industry<00:58:27.880> uh<00:58:28.000> which align:start position:0% of openness across the industry uh which align:start position:0% of openness across the industry uh which means<00:58:28.520> open<00:58:28.839> markets<00:58:29.520> but<00:58:29.720> also<00:58:30.200> open align:start position:0% means open markets but also open align:start position:0% means open markets but also open architecture<00:58:31.440> open<00:58:31.760> ecosystems<00:58:32.599> and<00:58:32.760> open align:start position:0% architecture open ecosystems and open align:start position:0% architecture open ecosystems and open source<00:58:33.400> software<00:58:34.200> and<00:58:34.280> so<00:58:34.400> I'm<00:58:34.480> going<00:58:34.559> to align:start position:0% source software and so I'm going to align:start position:0% source software and so I'm going to share<00:58:34.839> a<00:58:34.960> little<00:58:35.160> bit<00:58:35.359> about<00:58:35.640> how<00:58:35.799> we<00:58:35.960> at<00:58:36.119> the align:start position:0% share a little bit about how we at the align:start position:0% share a little bit about how we at the FTC<00:58:36.760> have<00:58:36.880> been<00:58:37.039> thinking<00:58:37.359> about<00:58:37.880> that<00:58:38.880> for align:start position:0% FTC have been thinking about that for align:start position:0% FTC have been thinking about that for decades<00:58:39.880> open<00:58:40.599> open<00:58:40.880> source<00:58:41.200> software<00:58:41.760> has align:start position:0% decades open open source software has align:start position:0% decades open open source software has driven<00:58:42.440> competition<00:58:43.240> Innovation<00:58:43.760> and align:start position:0% driven competition Innovation and align:start position:0% driven competition Innovation and opportunity<00:58:44.559> in<00:58:44.680> the<00:58:44.799> tech<00:58:45.119> space<00:58:46.079> under align:start position:0% opportunity in the tech space under align:start position:0% opportunity in the tech space under certain<00:58:46.920> conditions<00:58:47.359> it<00:58:47.520> has<00:58:47.760> allowed align:start position:0% certain conditions it has allowed align:start position:0% certain conditions it has allowed researchers<00:58:48.839> and<00:58:49.039> developers<00:58:49.680> to<00:58:49.839> build<00:58:50.240> on align:start position:0% researchers and developers to build on align:start position:0% researchers and developers to build on each<00:58:50.599> other's<00:58:51.200> discoveries<00:58:52.000> more<00:58:52.280> easily<00:58:52.960> and align:start position:0% each other's discoveries more easily and align:start position:0% each other's discoveries more easily and more<00:58:53.640> efficiently<00:58:54.640> take<00:58:54.880> Linux<00:58:55.400> for<00:58:55.599> example align:start position:0% more efficiently take Linux for example align:start position:0% more efficiently take Linux for example which<00:58:56.400> was<00:58:56.559> developed<00:58:56.960> more<00:58:57.079> than<00:58:57.240> 30<00:58:57.559> years align:start position:0% which was developed more than 30 years align:start position:0% which was developed more than 30 years ago<00:58:58.760> with<00:58:58.920> the<00:58:59.079> help<00:58:59.319> of<00:58:59.440> the<00:58:59.559> community<00:59:00.079> that align:start position:0% ago with the help of the community that align:start position:0% ago with the help of the community that sprouted<00:59:00.680> up<00:59:00.920> around<00:59:01.240> it<00:59:01.799> it<00:59:01.920> has<00:59:02.079> allowed align:start position:0% sprouted up around it it has allowed align:start position:0% sprouted up around it it has allowed countless<00:59:03.079> Technologies<00:59:03.760> to<00:59:04.079> flourish<00:59:04.680> from align:start position:0% countless Technologies to flourish from align:start position:0% countless Technologies to flourish from cloud<00:59:05.280> services<00:59:05.920> to<00:59:06.440> supercomputers<00:59:07.440> and<00:59:07.640> now align:start position:0% cloud services to supercomputers and now align:start position:0% cloud services to supercomputers and now it<00:59:08.200> Powers<00:59:08.559> some<00:59:08.720> of<00:59:08.839> the<00:59:08.960> world's<00:59:09.359> most align:start position:0% it Powers some of the world's most align:start position:0% it Powers some of the world's most important<00:59:10.119> systems<00:59:10.960> from<00:59:11.119> the<00:59:11.240> New<00:59:11.400> York align:start position:0% important systems from the New York align:start position:0% important systems from the New York Stock<00:59:11.920> Exchange<00:59:12.760> to<00:59:12.960> the<00:59:13.119> particle align:start position:0% Stock Exchange to the particle align:start position:0% Stock Exchange to the particle accelerator align:start position:0% accelerator align:start position:0% accelerator atern<00:59:16.000> it<00:59:16.079> would<00:59:16.280> not<00:59:16.480> be<00:59:16.640> an<00:59:16.839> exaggeration<00:59:17.640> to align:start position:0% atern it would not be an exaggeration to align:start position:0% atern it would not be an exaggeration to say<00:59:18.119> that<00:59:18.520> nearly<00:59:18.880> all<00:59:19.119> of<00:59:19.319> Y<00:59:19.599> combinators align:start position:0% say that nearly all of Y combinators align:start position:0% say that nearly all of Y combinators most<00:59:20.559> successful<00:59:21.200> companies<00:59:22.000> would<00:59:22.319> probably align:start position:0% most successful companies would probably align:start position:0% most successful companies would probably not<00:59:22.799> even<00:59:23.160> exist<00:59:24.000> without<00:59:24.400> open<00:59:25.039> source align:start position:0% not even exist without open source align:start position:0% not even exist without open source software<00:59:25.720> and<00:59:25.839> it's<00:59:26.240> community<00:59:27.240> so<00:59:27.480> many<00:59:27.720> of align:start position:0% software and it's community so many of align:start position:0% software and it's community so many of the<00:59:28.000> technologies<00:59:28.680> that<00:59:28.799> we<00:59:28.920> use<00:59:29.240> every<00:59:29.520> day align:start position:0% the technologies that we use every day align:start position:0% the technologies that we use every day would<00:59:30.280> still<00:59:30.520> be<00:59:30.760> just<00:59:31.119> ideas<00:59:32.079> because<00:59:32.359> the align:start position:0% would still be just ideas because the align:start position:0% would still be just ideas because the barriers<00:59:33.000> to<00:59:33.200> entry<00:59:33.839> posed<00:59:34.280> by<00:59:34.520> proprietary align:start position:0% barriers to entry posed by proprietary align:start position:0% barriers to entry posed by proprietary software<00:59:36.039> can<00:59:36.440> sometimes<00:59:36.720> just<00:59:36.880> be<00:59:37.039> too<00:59:37.359> high align:start position:0% software can sometimes just be too high align:start position:0% software can sometimes just be too high openness<00:59:38.520> is<00:59:38.680> more<00:59:39.000> than<00:59:39.160> just<00:59:39.319> a<00:59:39.440> feel-good align:start position:0% openness is more than just a feel-good align:start position:0% openness is more than just a feel-good philosophy<00:59:41.039> it's<00:59:41.200> been<00:59:41.359> a<00:59:41.559> proven<00:59:42.119> Catalyst align:start position:0% philosophy it's been a proven Catalyst align:start position:0% philosophy it's been a proven Catalyst of<00:59:42.680> innovation<00:59:43.680> which<00:59:43.799> is<00:59:44.000> why<00:59:44.200> it<00:59:44.319> has align:start position:0% of innovation which is why it has align:start position:0% of innovation which is why it has attracted<00:59:45.079> hundreds<00:59:45.520> of<00:59:45.720> billions<00:59:46.119> of align:start position:0% attracted hundreds of billions of align:start position:0% attracted hundreds of billions of dollars<00:59:46.799> in<00:59:47.000> Venture<00:59:47.400> Capital<00:59:47.720> funding<00:59:48.480> to align:start position:0% dollars in Venture Capital funding to align:start position:0% dollars in Venture Capital funding to help<00:59:49.000> startup<00:59:49.440> Founders<00:59:50.200> bring<00:59:50.440> their<00:59:50.640> ideas align:start position:0% help startup Founders bring their ideas align:start position:0% help startup Founders bring their ideas to<00:59:51.480> life<00:59:52.480> so<00:59:52.680> it's<00:59:52.839> worth<00:59:53.079> thinking<00:59:53.359> about align:start position:0% to life so it's worth thinking about align:start position:0% to life so it's worth thinking about what<00:59:53.920> open<00:59:54.280> source<00:59:54.599> could<00:59:54.760> mean<00:59:55.039> in<00:59:55.160> the align:start position:0% what open source could mean in the align:start position:0% what open source could mean in the context<00:59:55.680> of<00:59:55.799> AI<00:59:56.160> I<00:59:56.799> both<00:59:57.000> for<00:59:57.240> you<00:59:57.440> all<00:59:57.720> as align:start position:0% context of AI I both for you all as align:start position:0% context of AI I both for you all as innovators<00:59:58.760> but<00:59:58.920> also<00:59:59.200> for<00:59:59.480> us<00:59:59.839> as<01:00:00.000> law align:start position:0% innovators but also for us as law align:start position:0% innovators but also for us as law enforcers<01:00:01.880> of<01:00:02.039> course<01:00:02.280> the<01:00:02.440> definition<01:00:03.000> of align:start position:0% enforcers of course the definition of align:start position:0% enforcers of course the definition of Open<01:00:03.599> Source<01:00:04.079> in<01:00:04.200> the<01:00:04.440> context<01:00:04.839> of<01:00:05.079> software align:start position:0% Open Source in the context of software align:start position:0% Open Source in the context of software does<01:00:06.160> not<01:00:06.440> neatly<01:00:07.000> translate<01:00:07.559> into<01:00:07.839> the align:start position:0% does not neatly translate into the align:start position:0% does not neatly translate into the context<01:00:08.440> of<01:00:08.599> AI<01:00:09.440> and<01:00:09.559> I<01:00:09.640> know<01:00:09.799> there's<01:00:09.960> a<01:00:10.119> lot align:start position:0% context of AI and I know there's a lot align:start position:0% context of AI and I know there's a lot of<01:00:10.480> discussion<01:00:11.119> still<01:00:11.400> figuring<01:00:12.000> that<01:00:12.440> this align:start position:0% of discussion still figuring that this align:start position:0% of discussion still figuring that this out<01:00:12.839> and<01:00:13.000> I've<01:00:13.119> been<01:00:13.280> really<01:00:13.520> grateful<01:00:13.920> to<01:00:14.079> get align:start position:0% out and I've been really grateful to get align:start position:0% out and I've been really grateful to get to<01:00:14.359> chat<01:00:14.599> with<01:00:14.760> some<01:00:14.920> of<01:00:15.039> the<01:00:15.240> leaders<01:00:16.240> um<01:00:16.440> that align:start position:0% to chat with some of the leaders um that align:start position:0% to chat with some of the leaders um that are<01:00:16.799> really<01:00:17.079> thinking<01:00:17.480> through<01:00:18.359> what<01:00:18.720> a align:start position:0% are really thinking through what a align:start position:0% are really thinking through what a shared<01:00:19.599> understanding<01:00:19.839> of<01:00:20.160> openness<01:00:20.760> could align:start position:0% shared understanding of openness could align:start position:0% shared understanding of openness could mean<01:00:21.200> in<01:00:21.319> the<01:00:21.480> context<01:00:21.880> of<01:00:22.440> AI<01:00:23.440> as<01:00:23.520> a<01:00:23.760> starting align:start position:0% mean in the context of AI as a starting align:start position:0% mean in the context of AI as a starting point<01:00:24.680> instead<01:00:24.960> of<01:00:25.119> saying<01:00:25.440> open<01:00:25.720> sour<01:00:26.240> models align:start position:0% point instead of saying open sour models align:start position:0% point instead of saying open sour models the<01:00:27.000> FTC<01:00:27.559> has<01:00:27.680> been<01:00:27.880> using<01:00:28.440> the<01:00:28.599> phrase<01:00:29.079> open align:start position:0% the FTC has been using the phrase open align:start position:0% the FTC has been using the phrase open weights<01:00:29.839> models<01:00:30.799> specifically<01:00:31.359> referring<01:00:31.760> to align:start position:0% weights models specifically referring to align:start position:0% weights models specifically referring to AI<01:00:32.359> models<01:00:32.799> for<01:00:33.000> which<01:00:33.200> the<01:00:33.319> weights<01:00:33.559> are align:start position:0% AI models for which the weights are align:start position:0% AI models for which the weights are publicly<01:00:34.680> available<01:00:35.680> it's<01:00:35.839> still<01:00:36.079> early<01:00:36.400> days align:start position:0% publicly available it's still early days align:start position:0% publicly available it's still early days but<01:00:37.000> we<01:00:37.079> can<01:00:37.240> already<01:00:37.599> see<01:00:37.920> that<01:00:38.079> open<01:00:38.359> weights align:start position:0% but we can already see that open weights align:start position:0% but we can already see that open weights models<01:00:39.160> have<01:00:39.319> the<01:00:39.480> potential<01:00:39.920> to<01:00:40.119> drive align:start position:0% models have the potential to drive align:start position:0% models have the potential to drive Innovation<01:00:41.319> promote<01:00:41.680> competition<01:00:42.160> and align:start position:0% Innovation promote competition and align:start position:0% Innovation promote competition and consumer<01:00:42.839> choice<01:00:43.640> and<01:00:43.799> lower<01:00:44.280> costs<01:00:44.640> and align:start position:0% consumer choice and lower costs and align:start position:0% consumer choice and lower costs and barriers<01:00:45.200> to<01:00:45.400> entry<01:00:46.039> for<01:00:46.280> startups<01:00:46.760> like<01:00:46.920> the align:start position:0% barriers to entry for startups like the align:start position:0% barriers to entry for startups like the ones<01:00:47.240> that<01:00:47.400> incubate<01:00:47.920> here<01:00:48.480> the<01:00:48.599> FTC<01:00:49.119> is<01:00:49.520> clear align:start position:0% ones that incubate here the FTC is clear align:start position:0% ones that incubate here the FTC is clear eyed<01:00:50.200> about<01:00:50.400> the<01:00:50.680> conditions<01:00:51.039> that<01:00:51.160> need<01:00:51.359> to align:start position:0% eyed about the conditions that need to align:start position:0% eyed about the conditions that need to exist<01:00:52.119> to<01:00:52.319> make<01:00:52.520> this<01:00:52.720> Vision<01:00:53.039> come<01:00:53.520> true<01:00:54.520> as align:start position:0% exist to make this Vision come true as align:start position:0% exist to make this Vision come true as you<01:00:54.760> know<01:00:54.960> better<01:00:55.200> than<01:00:55.400> anybody<01:00:56.039> it<01:00:56.160> isn't align:start position:0% you know better than anybody it isn't align:start position:0% you know better than anybody it isn't easy<01:00:56.960> to<01:00:57.079> build<01:00:57.319> an<01:00:57.480> AI<01:00:57.799> Foundation<01:00:58.280> model align:start position:0% easy to build an AI Foundation model align:start position:0% easy to build an AI Foundation model it's<01:00:59.319> resource<01:00:59.760> and<01:01:00.000> capital<01:01:00.359> intensive<01:01:01.079> from align:start position:0% it's resource and capital intensive from align:start position:0% it's resource and capital intensive from retaining<01:01:01.799> engineering<01:01:02.400> talent<01:01:02.880> to align:start position:0% retaining engineering talent to align:start position:0% retaining engineering talent to accessing<01:01:03.960> expensive<01:01:04.440> computer<01:01:04.920> in<01:01:05.240> uh align:start position:0% accessing expensive computer in uh align:start position:0% accessing expensive computer in uh compute<01:01:05.839> infrastructure<01:01:06.839> to<01:01:07.160> acquiring<01:01:07.680> the align:start position:0% compute infrastructure to acquiring the align:start position:0% compute infrastructure to acquiring the necessary align:start position:0% necessary align:start position:0% necessary data<01:01:09.960> these<01:01:10.359> conditions<01:01:11.000> have<01:01:11.200> allowed<01:01:11.640> in align:start position:0% data these conditions have allowed in align:start position:0% data these conditions have allowed in some<01:01:12.079> instances<01:01:13.000> the<01:01:13.119> biggest<01:01:13.480> technology align:start position:0% some instances the biggest technology align:start position:0% some instances the biggest technology companies<01:01:14.599> to<01:01:14.799> get<01:01:14.920> a<01:01:15.039> leg<01:01:15.280> up<01:01:15.599> in<01:01:15.760> the<01:01:15.920> AI<01:01:16.319> race align:start position:0% companies to get a leg up in the AI race align:start position:0% companies to get a leg up in the AI race if<01:01:17.400> you<01:01:17.599> control<01:01:18.160> the<01:01:18.319> raw<01:01:18.599> materials<01:01:19.480> you<01:01:19.599> can align:start position:0% if you control the raw materials you can align:start position:0% if you control the raw materials you can control<01:01:20.240> the<01:01:20.400> market<01:01:20.960> and<01:01:21.119> shut<01:01:21.359> out<01:01:21.599> smaller align:start position:0% control the market and shut out smaller align:start position:0% control the market and shut out smaller companies<01:01:22.920> who<01:01:23.079> don't<01:01:23.400> have<01:01:23.599> the align:start position:0% companies who don't have the align:start position:0% companies who don't have the infrastructure<01:01:24.359> to<01:01:24.720> compete<01:01:25.720> this<01:01:26.000> can<01:01:26.119> lead align:start position:0% infrastructure to compete this can lead align:start position:0% infrastructure to compete this can lead to<01:01:26.520> fewer<01:01:27.039> exciting<01:01:27.599> products<01:01:28.160> made<01:01:28.440> by<01:01:28.640> even align:start position:0% to fewer exciting products made by even align:start position:0% to fewer exciting products made by even fewer<01:01:29.359> companies<01:01:30.359> and<01:01:30.520> can<01:01:30.680> come<01:01:30.880> at<01:01:31.039> the align:start position:0% fewer companies and can come at the align:start position:0% fewer companies and can come at the expense<01:01:32.039> of<01:01:32.319> both<01:01:32.680> Innovation<01:01:33.599> and<01:01:33.920> consumer align:start position:0% expense of both Innovation and consumer align:start position:0% expense of both Innovation and consumer choice<01:01:35.400> but<01:01:35.520> with<01:01:35.680> open<01:01:35.960> weights<01:01:36.280> models<01:01:36.920> more align:start position:0% choice but with open weights models more align:start position:0% choice but with open weights models more smaller<01:01:37.640> players<01:01:38.119> can<01:01:38.319> bring<01:01:38.599> their<01:01:38.799> ideas<01:01:39.160> to align:start position:0% smaller players can bring their ideas to align:start position:0% smaller players can bring their ideas to Market<01:01:40.400> there<01:01:40.520> is<01:01:40.720> tremendo<01:01:41.319> potential align:start position:0% Market there is tremendo potential align:start position:0% Market there is tremendo potential tremendous<01:01:42.640> potential<01:01:43.039> for<01:01:43.240> open<01:01:43.480> waight align:start position:0% tremendous potential for open waight align:start position:0% tremendous potential for open waight models<01:01:44.240> to<01:01:44.440> promote<01:01:44.839> competition<01:01:45.720> across<01:01:46.160> the align:start position:0% models to promote competition across the align:start position:0% models to promote competition across the AI<01:01:46.720> stack<01:01:47.599> and<01:01:47.760> by<01:01:48.000> extension<01:01:48.880> spur align:start position:0% AI stack and by extension spur align:start position:0% AI stack and by extension spur Innovation<01:01:50.240> across<01:01:50.599> the<01:01:50.760> stack<01:01:51.400> too<01:01:52.400> open align:start position:0% Innovation across the stack too open align:start position:0% Innovation across the stack too open weights<01:01:52.960> models<01:01:53.319> can<01:01:53.480> reduce<01:01:53.880> costs<01:01:54.160> for align:start position:0% weights models can reduce costs for align:start position:0% weights models can reduce costs for developers<01:01:55.000> so<01:01:55.200> that<01:01:55.319> they<01:01:55.400> can<01:01:55.520> focus<01:01:56.119> their align:start position:0% developers so that they can focus their align:start position:0% developers so that they can focus their capital<01:01:56.640> on<01:01:56.920> products<01:01:57.240> and<01:01:57.559> services<01:01:58.559> rather align:start position:0% capital on products and services rather align:start position:0% capital on products and services rather than<01:01:59.039> expensive<01:01:59.559> model<01:01:59.880> training<01:02:00.799> and<01:02:00.960> they align:start position:0% than expensive model training and they align:start position:0% than expensive model training and they can<01:02:01.200> free<01:02:01.559> up<01:02:01.799> Venture<01:02:02.240> capitalists<01:02:02.799> to align:start position:0% can free up Venture capitalists to align:start position:0% can free up Venture capitalists to pursue<01:02:03.520> promising<01:02:04.000> new<01:02:04.240> applications<01:02:04.839> of align:start position:0% pursue promising new applications of align:start position:0% pursue promising new applications of models<01:02:06.000> rather<01:02:06.240> than<01:02:06.400> starting<01:02:06.760> at<01:02:06.960> square align:start position:0% models rather than starting at square align:start position:0% models rather than starting at square one<01:02:07.839> with<01:02:08.000> model align:start position:0% one with model align:start position:0% one with model development<01:02:09.880> so<01:02:10.079> at<01:02:10.200> a<01:02:10.359> basic<01:02:10.760> level<01:02:11.160> open align:start position:0% development so at a basic level open align:start position:0% development so at a basic level open weights<01:02:11.880> models<01:02:12.200> can<01:02:12.400> liberate<01:02:12.920> startups align:start position:0% weights models can liberate startups align:start position:0% weights models can liberate startups from<01:02:13.640> the<01:02:13.799> arbitrary<01:02:14.400> whims<01:02:15.160> of<01:02:15.400> closed align:start position:0% from the arbitrary whims of closed align:start position:0% from the arbitrary whims of closed developers<01:02:16.680> and<01:02:16.880> Cloud align:start position:0% developers and Cloud align:start position:0% developers and Cloud Gatekeepers<01:02:18.720> developers<01:02:19.279> that<01:02:19.440> use<01:02:19.720> open align:start position:0% Gatekeepers developers that use open align:start position:0% Gatekeepers developers that use open models<01:02:20.599> we've<01:02:20.839> heard<01:02:21.319> can<01:02:21.480> feel<01:02:21.760> like<01:02:21.920> they're align:start position:0% models we've heard can feel like they're align:start position:0% models we've heard can feel like they're less<01:02:22.480> likely<01:02:22.839> to<01:02:23.079> have<01:02:23.319> the<01:02:23.480> ground<01:02:23.799> shift align:start position:0% less likely to have the ground shift align:start position:0% less likely to have the ground shift under<01:02:24.480> them<01:02:25.039> because<01:02:25.279> one<01:02:25.480> day<01:02:25.960> model<01:02:26.200> owner align:start position:0% under them because one day model owner align:start position:0% under them because one day model owner decides<01:02:27.039> to<01:02:27.240> significantly<01:02:28.000> increase<01:02:28.520> the align:start position:0% decides to significantly increase the align:start position:0% decides to significantly increase the cost<01:02:28.920> of<01:02:29.079> API<01:02:30.039> access<01:02:31.039> this<01:02:31.160> is<01:02:31.319> the<01:02:31.480> type<01:02:31.680> of align:start position:0% cost of API access this is the type of align:start position:0% cost of API access this is the type of free<01:02:32.079> and<01:02:32.279> Fair<01:02:32.680> competition<01:02:33.440> that<01:02:33.559> the<01:02:33.680> FTC align:start position:0% free and Fair competition that the FTC align:start position:0% free and Fair competition that the FTC is<01:02:34.680> committed<01:02:35.039> to<01:02:35.400> promoting<01:02:36.400> you<01:02:36.559> all align:start position:0% is committed to promoting you all align:start position:0% is committed to promoting you all deserve<01:02:37.240> the<01:02:37.400> opportunity<01:02:38.000> to<01:02:38.160> build<01:02:38.480> in<01:02:38.680> that align:start position:0% deserve the opportunity to build in that align:start position:0% deserve the opportunity to build in that type<01:02:39.079> of<01:02:39.279> environment<01:02:40.200> free<01:02:40.640> from<01:02:40.799> the<01:02:40.960> undue align:start position:0% type of environment free from the undue align:start position:0% type of environment free from the undue sway<01:02:42.240> of<01:02:42.400> Monopoly<01:02:42.960> power<01:02:43.599> of<01:02:43.760> course<01:02:44.000> open align:start position:0% sway of Monopoly power of course open align:start position:0% sway of Monopoly power of course open weights<01:02:44.559> models<01:02:44.920> can<01:02:45.119> also<01:02:45.440> come<01:02:45.720> with<01:02:45.880> some align:start position:0% weights models can also come with some align:start position:0% weights models can also come with some challenges<01:02:46.599> and<01:02:47.279> risks<01:02:48.279> first<01:02:48.799> it<01:02:48.960> matters align:start position:0% challenges and risks first it matters align:start position:0% challenges and risks first it matters Who<01:02:49.920> develops<01:02:50.440> and<01:02:50.599> owns<01:02:50.920> the<01:02:51.079> open<01:02:51.319> model align:start position:0% Who develops and owns the open model align:start position:0% Who develops and owns the open model we've<01:02:52.440> seen<01:02:52.720> firms<01:02:53.160> deploy<01:02:53.760> opportunistic align:start position:0% we've seen firms deploy opportunistic align:start position:0% we've seen firms deploy opportunistic open<01:02:55.079> first<01:02:55.480> Clos<01:02:55.960> later<01:02:56.319> strategies<01:02:57.279> where align:start position:0% open first Clos later strategies where align:start position:0% open first Clos later strategies where they<01:02:57.640> use<01:02:57.960> openness<01:02:58.440> to<01:02:58.640> draw<01:02:58.920> in<01:02:59.160> developers align:start position:0% they use openness to draw in developers align:start position:0% they use openness to draw in developers scale<01:03:00.319> up<01:03:00.559> quickly<01:03:01.359> and<01:03:01.520> enjoy<01:03:01.880> the<01:03:02.000> network align:start position:0% scale up quickly and enjoy the network align:start position:0% scale up quickly and enjoy the network effects<01:03:02.839> and<01:03:03.039> data<01:03:03.319> feedback<01:03:03.839> loops<01:03:04.240> that align:start position:0% effects and data feedback loops that align:start position:0% effects and data feedback loops that this<01:03:04.520> scale<01:03:05.240> provides<01:03:06.240> then<01:03:06.640> once<01:03:06.880> they've align:start position:0% this scale provides then once they've align:start position:0% this scale provides then once they've ridden<01:03:07.400> openness<01:03:07.839> to<01:03:08.039> dominance<01:03:08.559> and<01:03:08.720> locked align:start position:0% ridden openness to dominance and locked align:start position:0% ridden openness to dominance and locked in<01:03:09.119> a<01:03:09.279> user<01:03:09.559> base<01:03:10.200> they<01:03:10.319> can<01:03:10.480> flip<01:03:10.799> the<01:03:10.960> switch align:start position:0% in a user base they can flip the switch align:start position:0% in a user base they can flip the switch and<01:03:11.599> become<01:03:12.039> closed<01:03:12.520> instead<01:03:13.240> policy<01:03:13.599> makers align:start position:0% and become closed instead policy makers align:start position:0% and become closed instead policy makers across<01:03:14.440> government<01:03:14.839> need<01:03:15.000> to<01:03:15.160> be<01:03:15.400> V<01:03:15.680> Vigilant align:start position:0% across government need to be V Vigilant align:start position:0% across government need to be V Vigilant of<01:03:16.279> this<01:03:16.440> Playbook<01:03:17.240> and<01:03:17.440> antitrust<01:03:18.000> enforcers align:start position:0% of this Playbook and antitrust enforcers align:start position:0% of this Playbook and antitrust enforcers already<01:03:19.039> are<01:03:20.039> for<01:03:20.200> example<01:03:20.599> in<01:03:20.720> one<01:03:20.839> of<01:03:20.960> the align:start position:0% already are for example in one of the align:start position:0% already are for example in one of the ftc's<01:03:21.720> lawsuits<01:03:22.279> against<01:03:22.599> meta<01:03:23.359> we<01:03:23.520> alleged align:start position:0% ftc's lawsuits against meta we alleged align:start position:0% ftc's lawsuits against meta we alleged that<01:03:24.039> meta<01:03:24.520> in<01:03:24.680> Web<01:03:24.960> 2.0<01:03:25.799> had<01:03:25.960> initially align:start position:0% that meta in Web 2.0 had initially align:start position:0% that meta in Web 2.0 had initially allowed<01:03:27.000> third-party<01:03:27.599> developers<01:03:28.400> to<01:03:28.599> build align:start position:0% allowed third-party developers to build align:start position:0% allowed third-party developers to build apps<01:03:29.319> that<01:03:29.559> integrated<01:03:30.200> with<01:03:30.400> Facebook<01:03:31.279> only align:start position:0% apps that integrated with Facebook only align:start position:0% apps that integrated with Facebook only to<01:03:31.760> reverse<01:03:32.200> course<01:03:32.599> later<01:03:33.200> and<01:03:33.359> restrict align:start position:0% to reverse course later and restrict align:start position:0% to reverse course later and restrict access<01:03:34.400> to<01:03:34.640> those<01:03:34.839> that<01:03:35.000> challenge<01:03:35.480> them<01:03:36.279> the align:start position:0% access to those that challenge them the align:start position:0% access to those that challenge them the Justice<01:03:36.799> Department's<01:03:37.279> lawsuits<01:03:37.799> against align:start position:0% Justice Department's lawsuits against align:start position:0% Justice Department's lawsuits against Google<01:03:38.599> allege<01:03:38.920> a<01:03:39.039> version<01:03:39.400> of<01:03:39.599> this<01:03:39.760> story<01:03:40.160> as align:start position:0% Google allege a version of this story as align:start position:0% Google allege a version of this story as well<01:03:42.160> second<01:03:42.680> the<01:03:42.839> licensing<01:03:43.400> terms<01:03:43.960> attached align:start position:0% well second the licensing terms attached align:start position:0% well second the licensing terms attached to<01:03:44.559> the<01:03:44.720> model<01:03:45.079> are<01:03:45.480> crucial<01:03:46.480> a<01:03:46.640> developer align:start position:0% to the model are crucial a developer align:start position:0% to the model are crucial a developer could<01:03:47.279> make<01:03:47.480> a<01:03:47.599> model's<01:03:48.039> weights<01:03:48.520> available align:start position:0% could make a model's weights available align:start position:0% could make a model's weights available under<01:03:49.359> licensing<01:03:49.920> terms<01:03:50.440> that<01:03:50.599> ultimately align:start position:0% under licensing terms that ultimately align:start position:0% under licensing terms that ultimately restrict<01:03:51.760> developers<01:03:52.640> from<01:03:52.839> using<01:03:53.160> it<01:03:53.279> to align:start position:0% restrict developers from using it to align:start position:0% restrict developers from using it to meaningfully<01:03:54.039> compete<01:03:54.480> in<01:03:54.599> the<01:03:54.760> marketplace align:start position:0% meaningfully compete in the marketplace align:start position:0% meaningfully compete in the marketplace and<01:03:56.599> third<01:03:57.039> there's<01:03:57.200> a<01:03:57.400> serious<01:03:57.839> risk<01:03:58.079> of<01:03:58.279> Bad align:start position:0% and third there's a serious risk of Bad align:start position:0% and third there's a serious risk of Bad actors<01:03:59.160> using<01:03:59.520> open<01:03:59.839> models<01:04:00.279> for<01:04:00.520> deeply align:start position:0% actors using open models for deeply align:start position:0% actors using open models for deeply concerning<01:04:01.680> activities<01:04:02.680> AI<01:04:03.039> can<01:04:03.119> be<01:04:03.240> used<01:04:03.480> to align:start position:0% concerning activities AI can be used to align:start position:0% concerning activities AI can be used to clone<01:04:03.960> voices<01:04:04.480> to<01:04:04.680> defraud<01:04:05.160> consumers<01:04:06.160> and<01:04:06.279> to align:start position:0% clone voices to defraud consumers and to align:start position:0% clone voices to defraud consumers and to create<01:04:06.760> sexually<01:04:07.240> explicit<01:04:07.720> imagery<01:04:08.279> of align:start position:0% create sexually explicit imagery of align:start position:0% create sexually explicit imagery of people<01:04:08.760> without<01:04:09.039> their<01:04:09.240> consent<01:04:09.960> including align:start position:0% people without their consent including align:start position:0% people without their consent including children<01:04:12.079> and<01:04:12.200> this<01:04:12.319> isn't<01:04:12.680> speculation<01:04:13.400> we align:start position:0% children and this isn't speculation we align:start position:0% children and this isn't speculation we are<01:04:13.680> already<01:04:14.039> seeing<01:04:14.520> it<01:04:15.200> and<01:04:15.279> so<01:04:15.559> even<01:04:15.799> as<01:04:15.960> we align:start position:0% are already seeing it and so even as we align:start position:0% are already seeing it and so even as we Embrace<01:04:16.720> a<01:04:16.880> commitment<01:04:17.279> to<01:04:17.480> openness<01:04:18.279> we<01:04:18.400> need align:start position:0% Embrace a commitment to openness we need align:start position:0% Embrace a commitment to openness we need to<01:04:18.640> be<01:04:18.760> clear<01:04:19.079> right<01:04:19.279> about<01:04:19.480> these<01:04:19.799> risks align:start position:0% to be clear right about these risks align:start position:0% to be clear right about these risks openness<01:04:21.279> is<01:04:21.520> just<01:04:21.799> one<01:04:22.119> way<01:04:22.559> to<01:04:22.799> promote<01:04:23.119> a align:start position:0% openness is just one way to promote a align:start position:0% openness is just one way to promote a Level<01:04:23.520> Playing<01:04:23.799> Field<01:04:24.079> for<01:04:24.279> startups<01:04:25.200> there align:start position:0% Level Playing Field for startups there align:start position:0% Level Playing Field for startups there are<01:04:25.440> other<01:04:25.920> ways<01:04:26.200> that<01:04:26.359> we<01:04:26.480> can<01:04:26.680> shape<01:04:27.359> policy align:start position:0% are other ways that we can shape policy align:start position:0% are other ways that we can shape policy to<01:04:28.039> structure<01:04:28.559> markets<01:04:29.079> so<01:04:29.240> that<01:04:29.400> they<01:04:29.599> really align:start position:0% to structure markets so that they really align:start position:0% to structure markets so that they really promote<01:04:30.640> free<01:04:30.960> and<01:04:31.119> Fair<01:04:31.520> competition<01:04:32.440> that align:start position:0% promote free and Fair competition that align:start position:0% promote free and Fair competition that allows<01:04:33.039> the<01:04:33.200> best<01:04:33.440> ideas<01:04:33.839> to<01:04:34.039> rise<01:04:34.279> to<01:04:34.440> the<01:04:34.599> top align:start position:0% allows the best ideas to rise to the top align:start position:0% allows the best ideas to rise to the top Founders<01:04:35.720> have<01:04:35.880> told<01:04:36.079> us<01:04:36.240> that<01:04:36.359> they<01:04:36.480> struggle align:start position:0% Founders have told us that they struggle align:start position:0% Founders have told us that they struggle to<01:04:37.039> compete<01:04:37.559> because<01:04:37.880> dominant<01:04:38.319> players<01:04:38.960> may align:start position:0% to compete because dominant players may align:start position:0% to compete because dominant players may be<01:04:39.279> monopolizing<01:04:40.240> access<01:04:40.559> to<01:04:40.760> great<01:04:41.039> talent align:start position:0% be monopolizing access to great talent align:start position:0% be monopolizing access to great talent to<01:04:42.000> critical<01:04:42.400> inputs<01:04:43.000> and<01:04:43.160> to<01:04:43.359> valuable<01:04:43.839> data align:start position:0% to critical inputs and to valuable data align:start position:0% to critical inputs and to valuable data the<01:04:44.960> FTC<01:04:45.480> is<01:04:45.640> doing<01:04:45.960> our<01:04:46.319> part<01:04:46.920> to<01:04:47.079> be<01:04:47.319> vigilant align:start position:0% the FTC is doing our part to be vigilant align:start position:0% the FTC is doing our part to be vigilant and<01:04:48.160> to<01:04:48.359> open<01:04:48.640> up<01:04:48.799> the<01:04:48.960> market<01:04:49.359> and<01:04:49.599> ensure align:start position:0% and to open up the market and ensure align:start position:0% and to open up the market and ensure that<01:04:50.279> Founders<01:04:50.799> have<01:04:51.039> what<01:04:51.160> they<01:04:51.319> need<01:04:51.599> to align:start position:0% that Founders have what they need to align:start position:0% that Founders have what they need to start<01:04:52.119> and<01:04:52.279> scale<01:04:52.640> their<01:04:53.319> businesses<01:04:54.319> first align:start position:0% start and scale their businesses first align:start position:0% start and scale their businesses first talent<01:04:55.760> some<01:04:55.960> of<01:04:56.079> the<01:04:56.200> best<01:04:56.440> engineers<01:04:56.960> in align:start position:0% talent some of the best engineers in align:start position:0% talent some of the best engineers in America<01:04:57.799> have<01:04:57.920> been<01:04:58.119> bound<01:04:58.480> by<01:04:58.680> restrictive align:start position:0% America have been bound by restrictive align:start position:0% America have been bound by restrictive non-compete<01:05:00.039> clauses<01:05:01.039> we've<01:05:01.240> heard<01:05:01.480> from align:start position:0% non-compete clauses we've heard from align:start position:0% non-compete clauses we've heard from startups<01:05:02.279> that<01:05:02.400> secured<01:05:02.799> funding<01:05:03.200> and align:start position:0% startups that secured funding and align:start position:0% startups that secured funding and entered<01:05:03.760> the<01:05:03.880> market<01:05:04.599> only<01:05:04.880> to<01:05:05.079> find<01:05:05.400> that align:start position:0% entered the market only to find that align:start position:0% entered the market only to find that they<01:05:05.720> can't<01:05:06.000> grow<01:05:06.839> because<01:05:07.079> the<01:05:07.240> talent<01:05:07.559> pool align:start position:0% they can't grow because the talent pool align:start position:0% they can't grow because the talent pool has<01:05:08.039> been<01:05:08.160> locked<01:05:08.520> up<01:05:08.839> by<01:05:08.960> the<01:05:09.119> dominant align:start position:0% has been locked up by the dominant align:start position:0% has been locked up by the dominant players<01:05:11.039> earlier<01:05:11.520> the<01:05:11.839> this<01:05:12.039> year<01:05:12.400> the<01:05:12.559> FTC align:start position:0% players earlier the this year the FTC align:start position:0% players earlier the this year the FTC banned<01:05:13.720> non-compete<01:05:14.599> clauses<01:05:15.599> this<01:05:15.720> will align:start position:0% banned non-compete clauses this will align:start position:0% banned non-compete clauses this will allow<01:05:16.240> 30<01:05:16.559> million<01:05:16.960> Americans<01:05:17.799> including align:start position:0% allow 30 million Americans including align:start position:0% allow 30 million Americans including developers<01:05:19.039> designers<01:05:19.680> and<01:05:19.880> researchers align:start position:0% developers designers and researchers align:start position:0% developers designers and researchers across<01:05:20.960> the<01:05:21.119> country<01:05:21.880> to<01:05:22.079> move<01:05:22.319> freely<01:05:22.760> from align:start position:0% across the country to move freely from align:start position:0% across the country to move freely from company<01:05:23.359> to<01:05:23.559> company<01:05:24.240> with<01:05:24.400> their<01:05:24.599> innovative align:start position:0% company to company with their innovative align:start position:0% company to company with their innovative ideas<01:05:25.920> and<01:05:26.119> unique align:start position:0% [Applause] align:start position:0% expertise<01:05:34.000> second<01:05:34.440> we're<01:05:34.640> making<01:05:34.920> sure<01:05:35.240> that align:start position:0% expertise second we're making sure that align:start position:0% expertise second we're making sure that you<01:05:35.520> all<01:05:35.799> have<01:05:36.119> access<01:05:36.480> to<01:05:36.640> the<01:05:36.839> critical align:start position:0% you all have access to the critical align:start position:0% you all have access to the critical inputs<01:05:38.079> to<01:05:38.319> build<01:05:38.799> AI<01:05:39.160> tools<01:05:39.559> and<01:05:39.760> models<01:05:40.760> one align:start position:0% inputs to build AI tools and models one align:start position:0% inputs to build AI tools and models one of<01:05:41.039> the<01:05:41.119> first<01:05:41.359> merger<01:05:41.839> lawsuits<01:05:42.400> that<01:05:42.520> we align:start position:0% of the first merger lawsuits that we align:start position:0% of the first merger lawsuits that we filed<01:05:43.039> after<01:05:43.279> I<01:05:43.440> joined<01:05:43.720> the<01:05:43.880> agency<01:05:44.720> was<01:05:44.880> to align:start position:0% filed after I joined the agency was to align:start position:0% filed after I joined the agency was to block<01:05:45.319> nvidia's<01:05:46.000> attempted<01:05:46.520> acquisition<01:05:47.000> of align:start position:0% block nvidia's attempted acquisition of align:start position:0% block nvidia's attempted acquisition of arm<01:05:48.000> which<01:05:48.119> would<01:05:48.279> have<01:05:48.480> given<01:05:48.799> one<01:05:48.920> of<01:05:49.079> the align:start position:0% arm which would have given one of the align:start position:0% arm which would have given one of the largest<01:05:49.720> chip<01:05:50.039> companies<01:05:50.760> control<01:05:51.359> over<01:05:51.599> the align:start position:0% largest chip companies control over the align:start position:0% largest chip companies control over the technology<01:05:52.359> and<01:05:52.559> designs<01:05:53.319> that<01:05:53.440> its align:start position:0% technology and designs that its align:start position:0% technology and designs that its competitors<01:05:54.319> rely<01:05:54.680> on<01:05:54.960> to<01:05:55.119> develop<01:05:55.440> their align:start position:0% competitors rely on to develop their align:start position:0% competitors rely on to develop their their<01:05:55.760> own<01:05:55.960> ships<01:05:56.960> our<01:05:57.119> team<01:05:57.440> determined<01:05:57.920> that align:start position:0% their own ships our team determined that align:start position:0% their own ships our team determined that the<01:05:58.079> merger<01:05:58.440> would<01:05:58.640> undermine<01:05:59.240> competition align:start position:0% the merger would undermine competition align:start position:0% the merger would undermine competition and<01:06:00.359> hamstring<01:06:01.000> innovation<01:06:01.760> of<01:06:01.960> Next align:start position:0% and hamstring innovation of Next align:start position:0% and hamstring innovation of Next Generation align:start position:0% Generation align:start position:0% Generation Technologies<01:06:04.480> we<01:06:04.640> also<01:06:04.880> launch<01:06:05.200> an<01:06:05.359> inquiry align:start position:0% Technologies we also launch an inquiry align:start position:0% Technologies we also launch an inquiry into<01:06:05.960> the<01:06:06.200> Partnerships<01:06:06.960> between<01:06:07.359> dominant align:start position:0% into the Partnerships between dominant align:start position:0% into the Partnerships between dominant AI<01:06:08.240> PL<01:06:08.520> players<01:06:09.440> and<01:06:09.640> Cloud<01:06:10.119> spe<01:06:10.599> uh<01:06:10.920> and<01:06:11.039> cloud align:start position:0% AI PL players and Cloud spe uh and cloud align:start position:0% AI PL players and Cloud spe uh and cloud service<01:06:11.720> providers<01:06:12.480> to<01:06:12.680> better<01:06:13.279> understand align:start position:0% service providers to better understand align:start position:0% service providers to better understand the<01:06:13.760> impact<01:06:14.319> of<01:06:14.520> these<01:06:14.760> relationships<01:06:15.599> on align:start position:0% the impact of these relationships on align:start position:0% the impact of these relationships on competition<01:06:17.079> and<01:06:17.200> to<01:06:17.359> make<01:06:17.559> sure<01:06:17.880> that<01:06:18.039> no align:start position:0% competition and to make sure that no align:start position:0% competition and to make sure that no company<01:06:18.799> is<01:06:19.000> exerting<01:06:19.640> undue<01:06:20.160> influence<01:06:21.000> or align:start position:0% company is exerting undue influence or align:start position:0% company is exerting undue influence or gaining<01:06:21.640> special<01:06:22.160> access<01:06:23.000> because<01:06:23.240> of<01:06:23.400> the align:start position:0% gaining special access because of the align:start position:0% gaining special access because of the other<01:06:23.760> firms<01:06:24.200> that<01:06:24.359> they<01:06:24.480> happen<01:06:24.720> to<01:06:24.880> work align:start position:0% other firms that they happen to work align:start position:0% other firms that they happen to work with align:start position:0% with align:start position:0% with third<01:06:26.880> we're<01:06:27.079> making<01:06:27.440> clear<01:06:27.960> that<01:06:28.200> major align:start position:0% third we're making clear that major align:start position:0% third we're making clear that major companies<01:06:29.200> cannot<01:06:29.599> collect<01:06:30.079> data<01:06:30.839> by align:start position:0% companies cannot collect data by align:start position:0% companies cannot collect data by surreptitiously<01:06:32.000> changing<01:06:32.480> their<01:06:32.640> terms<01:06:33.000> of align:start position:0% surreptitiously changing their terms of align:start position:0% surreptitiously changing their terms of service<01:06:34.400> this<01:06:34.480> is<01:06:34.640> not<01:06:34.839> only<01:06:35.079> an<01:06:35.279> invasion<01:06:35.680> of align:start position:0% service this is not only an invasion of align:start position:0% service this is not only an invasion of consumers<01:06:36.440> privacy<01:06:37.240> but<01:06:37.400> it<01:06:37.480> can<01:06:37.760> also align:start position:0% consumers privacy but it can also align:start position:0% consumers privacy but it can also distort<01:06:38.839> the<01:06:39.000> playing<01:06:39.319> field<01:06:40.000> and<01:06:40.200> give<01:06:40.480> these align:start position:0% distort the playing field and give these align:start position:0% distort the playing field and give these firms<01:06:41.160> a<01:06:41.319> leg<01:06:41.640> up<01:06:42.039> over<01:06:42.400> smaller<01:06:42.880> competitors align:start position:0% firms a leg up over smaller competitors align:start position:0% firms a leg up over smaller competitors that<01:06:43.799> have<01:06:44.000> fewer<01:06:44.520> avenues<01:06:44.960> for<01:06:45.200> data align:start position:0% that have fewer avenues for data align:start position:0% that have fewer avenues for data collection<01:06:47.160> at<01:06:47.319> the<01:06:47.440> helm<01:06:47.760> of<01:06:47.920> all<01:06:48.039> of<01:06:48.240> this align:start position:0% collection at the helm of all of this align:start position:0% collection at the helm of all of this work<01:06:48.880> is<01:06:49.079> the<01:06:49.200> ftc's<01:06:50.000> new<01:06:50.359> office<01:06:50.640> of align:start position:0% work is the ftc's new office of align:start position:0% work is the ftc's new office of technology<01:06:51.880> which<01:06:52.000> we<01:06:52.160> launched<01:06:52.720> last<01:06:53.039> year align:start position:0% technology which we launched last year align:start position:0% technology which we launched last year to<01:06:53.839> deepen<01:06:54.279> our<01:06:54.480> in-house<01:06:55.000> expertise align:start position:0% to deepen our in-house expertise align:start position:0% to deepen our in-house expertise our<01:06:56.640> team<01:06:56.920> includes<01:06:57.520> folks<01:06:57.799> who<01:06:57.920> have<01:06:58.079> built align:start position:0% our team includes folks who have built align:start position:0% our team includes folks who have built open-source<01:06:59.119> software<01:06:59.760> and<01:06:59.920> who<01:07:00.039> have align:start position:0% open-source software and who have align:start position:0% open-source software and who have deployed<01:07:00.720> this<01:07:00.880> technology<01:07:01.440> to<01:07:01.640> millions<01:07:01.960> of align:start position:0% deployed this technology to millions of align:start position:0% deployed this technology to millions of Americans<01:07:03.279> we<01:07:03.400> have<01:07:03.640> active<01:07:03.920> members<01:07:04.359> of<01:07:04.480> the align:start position:0% Americans we have active members of the align:start position:0% Americans we have active members of the open<01:07:04.920> source<01:07:05.200> community<01:07:05.920> and<01:07:06.119> alumni<01:07:06.640> of align:start position:0% open source community and alumni of align:start position:0% open source community and alumni of startups<01:07:07.279> that<01:07:07.440> incubated<01:07:08.200> right<01:07:08.359> here<01:07:08.520> at<01:07:08.760> YC align:start position:0% startups that incubated right here at YC align:start position:0% startups that incubated right here at YC I<01:07:09.839> want<01:07:10.000> to<01:07:10.160> close<01:07:10.480> by<01:07:10.640> addressing<01:07:11.079> what<01:07:11.200> I<01:07:11.359> see align:start position:0% I want to close by addressing what I see align:start position:0% I want to close by addressing what I see is<01:07:11.799> a<01:07:11.960> common<01:07:12.359> misconception<01:07:13.359> about<01:07:13.680> the<01:07:13.839> tech align:start position:0% is a common misconception about the tech align:start position:0% is a common misconception about the tech sector<01:07:14.599> in<01:07:14.880> policy<01:07:15.279> circles<01:07:16.200> which<01:07:16.359> is<01:07:16.559> that align:start position:0% sector in policy circles which is that align:start position:0% sector in policy circles which is that Tech<01:07:17.079> is<01:07:17.160> a<01:07:17.359> monolith<01:07:18.359> that<01:07:18.480> the<01:07:18.640> interest<01:07:19.039> and align:start position:0% Tech is a monolith that the interest and align:start position:0% Tech is a monolith that the interest and incentives<01:07:19.920> of<01:07:20.079> all<01:07:20.359> companies<01:07:20.799> are<01:07:21.039> the<01:07:21.200> same align:start position:0% incentives of all companies are the same align:start position:0% incentives of all companies are the same be<01:07:22.079> it<01:07:22.240> the<01:07:22.400> scrappy<01:07:22.880> startup<01:07:23.559> or<01:07:23.720> a<01:07:23.880> giant align:start position:0% be it the scrappy startup or a giant align:start position:0% be it the scrappy startup or a giant firm<01:07:25.520> the<01:07:25.640> many<01:07:25.880> conversations<01:07:26.520> that<01:07:26.680> I've align:start position:0% firm the many conversations that I've align:start position:0% firm the many conversations that I've had<01:07:27.160> with<01:07:27.319> Founders<01:07:27.799> in<01:07:27.960> Silicon<01:07:28.480> Valley<01:07:29.000> have align:start position:0% had with Founders in Silicon Valley have align:start position:0% had with Founders in Silicon Valley have really<01:07:29.559> underscored<01:07:30.559> just<01:07:30.760> what<01:07:30.880> a align:start position:0% really underscored just what a align:start position:0% really underscored just what a misconception<01:07:31.880> this<01:07:32.039> is<01:07:32.880> uh<01:07:32.960> we've<01:07:33.119> heard<01:07:33.279> a align:start position:0% misconception this is uh we've heard a align:start position:0% misconception this is uh we've heard a lot<01:07:33.599> of<01:07:34.000> excitement<01:07:34.440> from<01:07:34.680> Founders<01:07:35.240> about align:start position:0% lot of excitement from Founders about align:start position:0% lot of excitement from Founders about the<01:07:35.680> potential<01:07:36.119> of<01:07:36.319> this<01:07:36.480> moment<01:07:37.200> but<01:07:37.359> also align:start position:0% the potential of this moment but also align:start position:0% the potential of this moment but also some<01:07:37.880> weariness<01:07:38.599> of<01:07:38.839> the<01:07:39.279> existing<01:07:39.839> control align:start position:0% some weariness of the existing control align:start position:0% some weariness of the existing control and<01:07:40.440> influence<01:07:40.920> that<01:07:41.039> some<01:07:41.160> of<01:07:41.279> the align:start position:0% and influence that some of the align:start position:0% and influence that some of the incumbents<01:07:42.039> have<01:07:42.279> and<01:07:42.400> so<01:07:42.559> it's<01:07:42.720> really<01:07:43.039> just align:start position:0% incumbents have and so it's really just align:start position:0% incumbents have and so it's really just underscored<01:07:44.319> uh<01:07:44.440> the<01:07:44.559> importance<01:07:44.960> of<01:07:45.160> us<01:07:45.440> in align:start position:0% underscored uh the importance of us in align:start position:0% underscored uh the importance of us in DC<01:07:46.119> to<01:07:46.279> be<01:07:46.440> hearing<01:07:47.039> from<01:07:47.200> a<01:07:47.400> broad<01:07:47.680> swath<01:07:48.160> of align:start position:0% DC to be hearing from a broad swath of align:start position:0% DC to be hearing from a broad swath of Market<01:07:48.640> participants<01:07:49.480> uh<01:07:49.599> little<01:07:49.960> Tech<01:07:50.279> as align:start position:0% Market participants uh little Tech as align:start position:0% Market participants uh little Tech as well<01:07:50.559> as<01:07:50.680> the<01:07:50.839> big<01:07:51.079> guys<01:07:51.720> and<01:07:51.799> so<01:07:51.960> I'm<01:07:52.119> really align:start position:0% well as the big guys and so I'm really align:start position:0% well as the big guys and so I'm really grateful<01:07:53.000> uh<01:07:53.079> to<01:07:53.240> you<01:07:53.400> all<01:07:53.559> for<01:07:53.760> hosting<01:07:54.119> me align:start position:0% grateful uh to you all for hosting me align:start position:0% grateful uh to you all for hosting me and<01:07:54.680> really<01:07:55.000> excited<01:07:55.480> for<01:07:55.640> the<01:07:55.760> conversation align:start position:0% and really excited for the conversation align:start position:0% and really excited for the conversation thank<01:07:56.760> you<01:07:56.880> so align:start position:0% much<01:08:02.359> hi<01:08:02.520> everybody<01:08:03.000> um<01:08:03.119> I'm<01:08:03.240> timly<01:08:03.680> I'm<01:08:03.880> I align:start position:0% much hi everybody um I'm timly I'm I align:start position:0% much hi everybody um I'm timly I'm I read<01:08:04.119> a<01:08:04.200> newsletter<01:08:04.640> called<01:08:05.240> understanding align:start position:0% read a newsletter called understanding align:start position:0% read a newsletter called understanding AI<01:08:05.920> as<01:08:06.319> Luther<01:08:07.079> um<01:08:07.400> mentioned<01:08:07.799> earlier<01:08:08.799> um align:start position:0% AI as Luther um mentioned earlier um align:start position:0% AI as Luther um mentioned earlier um thank<01:08:09.160> you<01:08:09.559> chair<01:08:09.880> Conan<01:08:10.160> for<01:08:10.960> coming<01:08:11.960> um<01:08:12.319> so align:start position:0% thank you chair Conan for coming um so align:start position:0% thank you chair Conan for coming um so uh<01:08:13.119> I<01:08:13.200> feel<01:08:13.400> like<01:08:13.599> the<01:08:14.319> classic<01:08:15.319> um<01:08:16.120> and<01:08:16.319> in align:start position:0% uh I feel like the classic um and in align:start position:0% uh I feel like the classic um and in trust<01:08:16.759> case<01:08:17.000> is<01:08:17.120> like<01:08:17.239> a<01:08:17.319> company<01:08:17.560> that's<01:08:17.679> been align:start position:0% trust case is like a company that's been align:start position:0% trust case is like a company that's been around<01:08:18.040> for<01:08:18.239> decades<01:08:18.719> and<01:08:18.839> is<01:08:18.960> you<01:08:19.159> behaving align:start position:0% around for decades and is you behaving align:start position:0% around for decades and is you behaving anti<01:08:19.759> competitively<01:08:20.239> and<01:08:20.319> it's<01:08:20.600> like<01:08:20.759> clearly align:start position:0% anti competitively and it's like clearly align:start position:0% anti competitively and it's like clearly a<01:08:21.679> monopoly<01:08:22.480> um<01:08:22.640> and<01:08:22.759> in<01:08:23.319> with<01:08:23.520> um<01:08:23.679> large align:start position:0% a monopoly um and in with um large align:start position:0% a monopoly um and in with um large language<01:08:24.159> models<01:08:24.440> we<01:08:24.560> have<01:08:24.799> kind<01:08:24.920> of<01:08:25.000> the align:start position:0% language models we have kind of the align:start position:0% language models we have kind of the opposite<01:08:25.560> where<01:08:25.640> you<01:08:25.719> have<01:08:25.920> this<01:08:26.520> U<01:08:26.679> Market align:start position:0% opposite where you have this U Market align:start position:0% opposite where you have this U Market that<01:08:27.159> basically<01:08:27.440> didn't<01:08:27.679> exist<01:08:27.920> at<01:08:28.040> all<01:08:28.279> two align:start position:0% that basically didn't exist at all two align:start position:0% that basically didn't exist at all two years<01:08:28.679> ago<01:08:29.319> and<01:08:29.440> we<01:08:29.560> went<01:08:29.799> from<01:08:30.080> kind<01:08:30.199> of align:start position:0% years ago and we went from kind of align:start position:0% years ago and we went from kind of nothing<01:08:30.600> to<01:08:31.080> open<01:08:31.319> eye<01:08:31.560> has<01:08:31.679> billions<01:08:31.920> of align:start position:0% nothing to open eye has billions of align:start position:0% nothing to open eye has billions of dollars<01:08:32.239> to<01:08:32.359> revenue<01:08:33.239> um<01:08:33.520> can<01:08:33.640> you<01:08:33.759> walk<01:08:33.960> me align:start position:0% dollars to revenue um can you walk me align:start position:0% dollars to revenue um can you walk me through<01:08:34.520> how<01:08:34.640> the<01:08:34.719> FDC<01:08:35.199> thinks<01:08:35.480> about<01:08:36.159> a align:start position:0% through how the FDC thinks about a align:start position:0% through how the FDC thinks about a market<01:08:36.600> like<01:08:36.759> that<01:08:36.920> because<01:08:37.080> it<01:08:37.159> seems<01:08:37.359> like align:start position:0% market like that because it seems like align:start position:0% market like that because it seems like it's<01:08:37.679> pretty<01:08:37.880> Dynamic<01:08:38.319> right<01:08:38.440> now<01:08:38.600> but<01:08:38.719> you align:start position:0% it's pretty Dynamic right now but you align:start position:0% it's pretty Dynamic right now but you could<01:08:39.000> certainly<01:08:39.719> imagine<01:08:40.040> a<01:08:40.199> company<01:08:40.600> you align:start position:0% could certainly imagine a company you align:start position:0% could certainly imagine a company you know<01:08:40.799> coming<01:08:41.000> up<01:08:41.080> in<01:08:41.199> a<01:08:41.319> monopolistic align:start position:0% know coming up in a monopolistic align:start position:0% know coming up in a monopolistic position<01:08:42.560> what<01:08:42.679> do<01:08:42.759> you<01:08:42.880> kind<01:08:42.960> of<01:08:43.159> walk<01:08:43.679> watch align:start position:0% position what do you kind of walk watch align:start position:0% position what do you kind of walk watch for<01:08:44.199> to<01:08:44.319> see<01:08:44.679> like<01:08:45.640> whether<01:08:45.920> there's<01:08:46.279> anything align:start position:0% for to see like whether there's anything align:start position:0% for to see like whether there's anything the<01:08:46.880> have<01:08:47.040> Toc<01:08:47.279> or<01:08:47.359> any<01:08:47.679> regulars<01:08:48.040> more align:start position:0% the have Toc or any regulars more align:start position:0% the have Toc or any regulars more generally<01:08:48.560> should<01:08:48.719> be<01:08:49.120> doing<01:08:49.400> or<01:08:49.560> whether align:start position:0% generally should be doing or whether align:start position:0% generally should be doing or whether it's<01:08:49.920> just<01:08:50.080> kind<01:08:50.199> of<01:08:50.759> kind<01:08:50.839> of<01:08:50.920> stay<01:08:51.239> back<01:08:51.520> and align:start position:0% it's just kind of kind of stay back and align:start position:0% it's just kind of kind of stay back and see<01:08:51.759> how<01:08:51.880> the<01:08:51.960> market<01:08:52.560> develops<01:08:53.560> yeah<01:08:53.679> it's<01:08:53.759> a align:start position:0% see how the market develops yeah it's a align:start position:0% see how the market develops yeah it's a really<01:08:54.120> good<01:08:54.359> question<01:08:54.759> and<01:08:54.960> and<01:08:55.080> one<01:08:55.239> that's align:start position:0% really good question and and one that's align:start position:0% really good question and and one that's really<01:08:55.799> informed<01:08:56.480> by<01:08:56.719> the<01:08:56.920> experience<01:08:57.440> of<01:08:57.600> the align:start position:0% really informed by the experience of the align:start position:0% really informed by the experience of the last<01:08:57.960> few<01:08:58.319> decades<01:08:59.319> and<01:08:59.440> so<01:08:59.719> in<01:08:59.839> the<01:08:59.960> early align:start position:0% last few decades and so in the early align:start position:0% last few decades and so in the early 2000s<01:09:01.120> we<01:09:01.279> similarly<01:09:01.880> had<01:09:02.000> a<01:09:02.159> moment<01:09:02.480> where align:start position:0% 2000s we similarly had a moment where align:start position:0% 2000s we similarly had a moment where you<01:09:02.759> saw<01:09:03.080> a<01:09:03.159> lot<01:09:03.400> of<01:09:03.640> you<01:09:03.719> know<01:09:04.159> dynamism<01:09:05.159> uh align:start position:0% you saw a lot of you know dynamism uh align:start position:0% you saw a lot of you know dynamism uh among<01:09:05.880> a<01:09:06.040> set<01:09:06.199> of<01:09:06.520> companies<01:09:07.520> and<01:09:07.640> there<01:09:07.759> was<01:09:07.920> a align:start position:0% among a set of companies and there was a align:start position:0% among a set of companies and there was a sense<01:09:08.440> in<01:09:08.640> DC<01:09:09.199> that<01:09:09.359> the<01:09:09.480> best<01:09:09.719> thing<01:09:09.880> for<01:09:10.040> the align:start position:0% sense in DC that the best thing for the align:start position:0% sense in DC that the best thing for the government<01:09:10.520> to<01:09:10.679> do<01:09:11.440> including<01:09:11.839> in<01:09:11.960> the align:start position:0% government to do including in the align:start position:0% government to do including in the context<01:09:12.440> of<01:09:12.560> antitrust<01:09:13.520> was<01:09:13.679> to<01:09:13.920> just<01:09:14.120> step align:start position:0% context of antitrust was to just step align:start position:0% context of antitrust was to just step back<01:09:14.640> and<01:09:14.839> entirely<01:09:15.319> get<01:09:15.480> out<01:09:15.640> of<01:09:15.759> the<01:09:15.920> way<01:09:16.920> the align:start position:0% back and entirely get out of the way the align:start position:0% back and entirely get out of the way the thesis<01:09:17.960> being<01:09:18.560> that<01:09:18.880> these<01:09:19.040> markets<01:09:19.440> are<01:09:19.600> so align:start position:0% thesis being that these markets are so align:start position:0% thesis being that these markets are so fast<01:09:20.159> moving<01:09:21.040> that<01:09:21.319> even<01:09:21.560> if<01:09:21.679> you<01:09:21.880> have align:start position:0% fast moving that even if you have align:start position:0% fast moving that even if you have dominant<01:09:22.640> players<01:09:23.520> even<01:09:23.759> if<01:09:23.880> you<01:09:24.080> have align:start position:0% dominant players even if you have align:start position:0% dominant players even if you have Monopoly<01:09:24.920> power<01:09:25.719> that<01:09:25.880> will<01:09:26.120> just<01:09:26.359> naturally align:start position:0% Monopoly power that will just naturally align:start position:0% Monopoly power that will just naturally be<01:09:27.080> eroded<01:09:27.560> in<01:09:27.719> the<01:09:27.839> marketplace<01:09:28.520> and<01:09:28.640> so<01:09:28.799> that align:start position:0% be eroded in the marketplace and so that align:start position:0% be eroded in the marketplace and so that was<01:09:29.080> kind<01:09:29.199> of<01:09:29.319> the<01:09:29.440> governing<01:09:29.920> thesis<01:09:30.440> you<01:09:30.560> saw align:start position:0% was kind of the governing thesis you saw align:start position:0% was kind of the governing thesis you saw a<01:09:31.120> whole<01:09:31.319> set<01:09:31.520> of<01:09:31.719> Acquisitions<01:09:32.719> uh<01:09:32.839> be align:start position:0% a whole set of Acquisitions uh be align:start position:0% a whole set of Acquisitions uh be allowed<01:09:33.279> to<01:09:33.440> go<01:09:33.640> through<01:09:34.400> hundreds<01:09:34.920> of align:start position:0% allowed to go through hundreds of align:start position:0% allowed to go through hundreds of acquisitions<01:09:35.920> by<01:09:36.120> you<01:09:36.199> know<01:09:36.359> the<01:09:36.440> four<01:09:36.640> or align:start position:0% acquisitions by you know the four or align:start position:0% acquisitions by you know the four or five<01:09:36.960> big<01:09:37.159> tech<01:09:37.719> companies<01:09:38.719> and<01:09:39.080> you<01:09:39.199> know align:start position:0% five big tech companies and you know align:start position:0% five big tech companies and you know fast<01:09:39.679> forwarding<01:09:40.159> today<01:09:40.560> I<01:09:40.640> think<01:09:40.799> we align:start position:0% fast forwarding today I think we align:start position:0% fast forwarding today I think we realized<01:09:41.759> that<01:09:42.159> aspects<01:09:42.560> of<01:09:42.719> that<01:09:42.960> thesis align:start position:0% realized that aspects of that thesis align:start position:0% realized that aspects of that thesis were<01:09:43.600> really<01:09:43.960> misguided<01:09:44.960> and<01:09:45.279> really<01:09:46.080> under align:start position:0% were really misguided and really under align:start position:0% were really misguided and really under indexed<01:09:47.239> the<01:09:47.520> significant<01:09:48.239> barriers<01:09:48.719> to align:start position:0% indexed the significant barriers to align:start position:0% indexed the significant barriers to entry<01:09:49.679> that<01:09:49.799> you<01:09:49.920> see<01:09:50.120> in<01:09:50.279> digital<01:09:50.640> markets<01:09:51.199> I align:start position:0% entry that you see in digital markets I align:start position:0% entry that you see in digital markets I think<01:09:51.400> there<01:09:51.520> had<01:09:51.640> been<01:09:51.799> an<01:09:51.960> assumption<01:09:52.560> that align:start position:0% think there had been an assumption that align:start position:0% think there had been an assumption that you<01:09:52.839> know<01:09:53.040> people<01:09:53.239> don't<01:09:53.480> have<01:09:53.600> to<01:09:53.719> build align:start position:0% you know people don't have to build align:start position:0% you know people don't have to build massive<01:09:54.440> factories<01:09:54.840> to<01:09:55.000> enter<01:09:55.440> these<01:09:55.600> markets align:start position:0% massive factories to enter these markets align:start position:0% massive factories to enter these markets and<01:09:56.199> so<01:09:56.880> uh<01:09:56.960> we're<01:09:57.120> just<01:09:57.280> going<01:09:57.400> to<01:09:57.520> see<01:09:57.719> a<01:09:57.840> lot align:start position:0% and so uh we're just going to see a lot align:start position:0% and so uh we're just going to see a lot of<01:09:58.120> Entry<01:09:58.560> that<01:09:58.679> will<01:09:58.920> discipline<01:09:59.400> any align:start position:0% of Entry that will discipline any align:start position:0% of Entry that will discipline any Monopoly<01:10:00.199> power<01:10:01.120> instead<01:10:01.679> what<01:10:01.840> we<01:10:02.000> saw<01:10:02.480> was align:start position:0% Monopoly power instead what we saw was align:start position:0% Monopoly power instead what we saw was that<01:10:02.960> you<01:10:03.080> know<01:10:03.360> Network<01:10:03.920> externalities<01:10:04.920> the align:start position:0% that you know Network externalities the align:start position:0% that you know Network externalities the feedback<01:10:05.480> loops<01:10:05.800> of<01:10:06.040> data<01:10:07.040> really<01:10:07.440> tended<01:10:07.920> to align:start position:0% feedback loops of data really tended to align:start position:0% feedback loops of data really tended to lead<01:10:08.440> some<01:10:08.600> of<01:10:08.760> these<01:10:08.920> markets<01:10:09.320> to<01:10:09.560> tip<01:10:10.480> such align:start position:0% lead some of these markets to tip such align:start position:0% lead some of these markets to tip such as<01:10:11.040> that<01:10:11.400> you<01:10:11.520> know<01:10:11.760> early<01:10:12.239> players<01:10:12.800> and align:start position:0% as that you know early players and align:start position:0% as that you know early players and players<01:10:13.360> that<01:10:13.520> were<01:10:13.679> able<01:10:13.880> to<01:10:14.040> get<01:10:14.199> a<01:10:14.400> leg<01:10:14.640> up align:start position:0% players that were able to get a leg up align:start position:0% players that were able to get a leg up and<01:10:15.520> really<01:10:16.360> deepen<01:10:16.800> their<01:10:17.000> Moes<01:10:17.600> create align:start position:0% and really deepen their Moes create align:start position:0% and really deepen their Moes create entry<01:10:18.320> barriers<01:10:18.920> raise<01:10:19.360> those<01:10:19.480> entry align:start position:0% entry barriers raise those entry align:start position:0% entry barriers raise those entry barriers<01:10:20.679> could<01:10:20.880> end<01:10:21.120> up<01:10:21.480> actually align:start position:0% barriers could end up actually align:start position:0% barriers could end up actually solidifying<01:10:23.120> dominance<01:10:23.520> and<01:10:23.719> Monopoly<01:10:24.360> power align:start position:0% solidifying dominance and Monopoly power align:start position:0% solidifying dominance and Monopoly power in<01:10:25.080> a<01:10:25.400> more<01:10:25.560> long-term<01:10:26.199> way<01:10:26.840> so<01:10:27.040> that<01:10:27.280> even align:start position:0% in a more long-term way so that even align:start position:0% in a more long-term way so that even once<01:10:27.960> they<01:10:28.280> started<01:10:28.719> acting<01:10:29.000> in<01:10:29.199> ways<01:10:29.560> that align:start position:0% once they started acting in ways that align:start position:0% once they started acting in ways that weren't<01:10:29.960> in<01:10:30.080> the<01:10:30.280> best<01:10:30.560> interest<01:10:30.960> of<01:10:31.120> their align:start position:0% weren't in the best interest of their align:start position:0% weren't in the best interest of their customers<01:10:32.320> be<01:10:32.480> it<01:10:32.600> on<01:10:32.760> the<01:10:32.880> business<01:10:33.280> side<01:10:33.480> or align:start position:0% customers be it on the business side or align:start position:0% customers be it on the business side or the<01:10:33.760> user<01:10:34.280> side<01:10:34.800> it<01:10:34.960> became<01:10:35.320> much<01:10:35.480> more align:start position:0% the user side it became much more align:start position:0% the user side it became much more difficult<01:10:36.520> for<01:10:36.719> entrance<01:10:37.199> to<01:10:37.360> come<01:10:37.520> in<01:10:37.719> and align:start position:0% difficult for entrance to come in and align:start position:0% difficult for entrance to come in and discipline<01:10:38.480> that<01:10:39.320> and<01:10:39.560> so<01:10:40.040> over<01:10:40.280> the<01:10:40.520> last<01:10:41.000> you align:start position:0% discipline that and so over the last you align:start position:0% discipline that and so over the last you know<01:10:41.360> few<01:10:41.679> years<01:10:42.120> including<01:10:42.520> under<01:10:42.880> the<01:10:43.159> last align:start position:0% know few years including under the last align:start position:0% know few years including under the last Administration<01:10:44.679> we've<01:10:44.880> seen<01:10:45.360> major<01:10:45.679> lawsuits align:start position:0% Administration we've seen major lawsuits align:start position:0% Administration we've seen major lawsuits filed<01:10:47.159> um<01:10:48.120> a<01:10:48.320> subset<01:10:48.800> of<01:10:48.960> those<01:10:49.280> lawsuits<01:10:49.960> are align:start position:0% filed um a subset of those lawsuits are align:start position:0% filed um a subset of those lawsuits are trying<01:10:50.480> to<01:10:50.800> correct<01:10:51.280> for<01:10:52.159> some<01:10:52.360> of<01:10:52.520> the align:start position:0% trying to correct for some of the align:start position:0% trying to correct for some of the inaction<01:10:53.280> of<01:10:53.440> the<01:10:53.679> past<01:10:54.520> especially<01:10:54.920> with align:start position:0% inaction of the past especially with align:start position:0% inaction of the past especially with regards<01:10:55.640> to<01:10:55.760> some<01:10:55.880> of<01:10:56.040> these<01:10:56.239> Acquisitions align:start position:0% regards to some of these Acquisitions align:start position:0% regards to some of these Acquisitions but<01:10:57.199> also<01:10:57.480> with<01:10:57.679> regards<01:10:57.960> to<01:10:58.159> some<01:10:58.320> of<01:10:58.480> what<01:10:58.600> we align:start position:0% but also with regards to some of what we align:start position:0% but also with regards to some of what we now<01:10:59.199> realize<01:10:59.679> was<01:10:59.840> anti-competitive<01:11:00.679> conduct align:start position:0% now realize was anti-competitive conduct align:start position:0% now realize was anti-competitive conduct and<01:11:01.239> so<01:11:01.880> that<01:11:02.199> experience<01:11:02.880> has<01:11:03.080> been<01:11:03.320> a align:start position:0% and so that experience has been a align:start position:0% and so that experience has been a cautionary<01:11:04.040> Tale<01:11:04.880> in<01:11:05.040> terms<01:11:05.280> of<01:11:05.440> the align:start position:0% cautionary Tale in terms of the align:start position:0% cautionary Tale in terms of the downsides<01:11:06.199> of<01:11:06.400> just<01:11:06.679> assuming<01:11:07.320> that<01:11:07.800> these align:start position:0% downsides of just assuming that these align:start position:0% downsides of just assuming that these markets<01:11:08.320> are<01:11:08.440> so<01:11:08.719> Dynamic<01:11:09.199> they're<01:11:09.400> so<01:11:09.679> fast align:start position:0% markets are so Dynamic they're so fast align:start position:0% markets are so Dynamic they're so fast moving<01:11:10.239> so<01:11:10.440> we<01:11:10.560> don't<01:11:10.760> have<01:11:10.880> to<01:11:11.000> worry<01:11:11.400> about align:start position:0% moving so we don't have to worry about align:start position:0% moving so we don't have to worry about Monopoly<01:11:12.239> power<01:11:12.640> at<01:11:12.800> all<01:11:13.760> of<01:11:13.920> course<01:11:14.239> the align:start position:0% Monopoly power at all of course the align:start position:0% Monopoly power at all of course the specific<01:11:15.040> ways<01:11:15.480> and<01:11:15.880> tactics<01:11:16.400> that<01:11:16.640> dominant align:start position:0% specific ways and tactics that dominant align:start position:0% specific ways and tactics that dominant firms<01:11:17.480> might<01:11:17.679> use<01:11:18.000> today<01:11:18.400> in<01:11:18.520> the<01:11:18.679> AI<01:11:19.080> context align:start position:0% firms might use today in the AI context align:start position:0% firms might use today in the AI context and<01:11:19.840> in<01:11:19.960> the<01:11:20.080> llm<01:11:20.719> context<01:11:21.440> will<01:11:21.679> look align:start position:0% and in the llm context will look align:start position:0% and in the llm context will look different<01:11:22.640> but<01:11:22.960> I<01:11:23.040> think<01:11:23.280> we've<01:11:23.560> learned<01:11:24.199> that align:start position:0% different but I think we've learned that align:start position:0% different but I think we've learned that there<01:11:24.760> can<01:11:24.880> be<01:11:25.000> real<01:11:25.480> downsides<01:11:26.199> to<01:11:26.560> not align:start position:0% there can be real downsides to not align:start position:0% there can be real downsides to not addressing<01:11:27.280> Monopoly<01:11:27.920> power<01:11:28.880> if<01:11:29.000> it's<01:11:29.280> being align:start position:0% addressing Monopoly power if it's being align:start position:0% addressing Monopoly power if it's being created<01:11:30.360> or<01:11:30.560> used<01:11:30.960> illegally<01:11:31.679> early<01:11:32.120> and align:start position:0% created or used illegally early and align:start position:0% created or used illegally early and instead<01:11:32.719> allowing<01:11:33.080> it<01:11:33.280> to<01:11:33.679> deepen<01:11:34.320> and<01:11:34.600> become align:start position:0% instead allowing it to deepen and become align:start position:0% instead allowing it to deepen and become much<01:11:35.080> more<01:11:35.600> difficult<01:11:35.760> to<01:11:36.040> fix<01:11:36.320> on<01:11:36.480> the<01:11:36.640> back align:start position:0% much more difficult to fix on the back align:start position:0% much more difficult to fix on the back end<01:11:37.600> the<01:11:37.760> other<01:11:38.000> thing<01:11:38.280> that<01:11:38.520> we<01:11:38.679> really<01:11:39.040> lose align:start position:0% end the other thing that we really lose align:start position:0% end the other thing that we really lose is<01:11:40.120> a<01:11:40.239> lot<01:11:40.400> of<01:11:40.560> innovation<01:11:41.400> right<01:11:41.520> I<01:11:41.600> mean<01:11:41.760> when align:start position:0% is a lot of innovation right I mean when align:start position:0% is a lot of innovation right I mean when you<01:11:42.199> have<01:11:42.800> monopolists<01:11:43.800> unlawfully<01:11:44.719> be<01:11:44.960> able align:start position:0% you have monopolists unlawfully be able align:start position:0% you have monopolists unlawfully be able to<01:11:45.760> squash<01:11:46.320> some<01:11:46.480> of<01:11:46.639> these<01:11:46.960> innovators<01:11:47.960> or align:start position:0% to squash some of these innovators or align:start position:0% to squash some of these innovators or create<01:11:48.440> a<01:11:48.560> chilling<01:11:49.040> effect<01:11:49.480> so<01:11:49.679> that<01:11:49.840> some<01:11:49.960> of align:start position:0% create a chilling effect so that some of align:start position:0% create a chilling effect so that some of these<01:11:50.320> ideas<01:11:50.719> don't<01:11:50.960> even<01:11:51.199> come<01:11:51.360> to<01:11:51.600> Market<01:11:52.600> a align:start position:0% these ideas don't even come to Market a align:start position:0% these ideas don't even come to Market a remedy<01:11:53.239> that<01:11:53.360> you<01:11:53.520> might<01:11:53.800> get<01:11:54.159> 5<01:11:54.440> years<01:11:54.719> down align:start position:0% remedy that you might get 5 years down align:start position:0% remedy that you might get 5 years down the<01:11:55.000> line<01:11:55.400> or<01:11:55.520> six<01:11:55.760> years<01:11:56.080> down<01:11:56.280> the<01:11:56.440> line<01:11:57.199> can align:start position:0% the line or six years down the line can align:start position:0% the line or six years down the line can really<01:11:57.760> never<01:11:58.120> fully<01:11:58.520> make<01:11:58.719> up<01:11:58.920> for<01:11:59.120> all<01:11:59.280> of align:start position:0% really never fully make up for all of align:start position:0% really never fully make up for all of that<01:11:59.679> Innovation<01:12:00.280> that<01:12:00.440> was<01:12:00.639> lost<01:12:01.040> and<01:12:01.199> so align:start position:0% that Innovation that was lost and so align:start position:0% that Innovation that was lost and so that's<01:12:01.679> why<01:12:01.880> we<01:12:02.040> think<01:12:02.239> it's<01:12:02.480> especially align:start position:0% that's why we think it's especially align:start position:0% that's why we think it's especially important<01:12:03.760> to<01:12:03.960> try<01:12:04.120> to<01:12:04.400> prevent<01:12:04.800> this<01:12:04.960> stuff align:start position:0% important to try to prevent this stuff align:start position:0% important to try to prevent this stuff on<01:12:05.360> the<01:12:05.520> front<01:12:05.840> end<01:12:06.560> rather<01:12:06.840> than<01:12:07.000> playing align:start position:0% on the front end rather than playing align:start position:0% on the front end rather than playing catch<01:12:07.679> up<01:12:07.880> and<01:12:08.040> cleanup<01:12:08.440> on<01:12:08.600> the<01:12:08.760> back<01:12:08.920> end align:start position:0% catch up and cleanup on the back end align:start position:0% catch up and cleanup on the back end when<01:12:09.719> you've<01:12:09.920> already<01:12:10.159> lost<01:12:10.440> so<01:12:10.600> much align:start position:0% when you've already lost so much align:start position:0% when you've already lost so much Innovation<01:12:11.239> and align:start position:0% Innovation and align:start position:0% Innovation and opportunity<01:12:13.520> um<01:12:13.760> so<01:12:13.880> I<01:12:13.960> know<01:12:14.080> that<01:12:14.199> in align:start position:0% opportunity um so I know that in align:start position:0% opportunity um so I know that in addition<01:12:14.560> to<01:12:15.080> regulating<01:12:15.520> antitrust<01:12:15.960> you're align:start position:0% addition to regulating antitrust you're align:start position:0% addition to regulating antitrust you're also<01:12:16.400> the<01:12:16.480> FTC<01:12:16.880> is<01:12:16.960> a<01:12:17.120> major<01:12:17.920> um<01:12:18.920> uh<01:12:19.239> agency<01:12:19.600> in align:start position:0% also the FTC is a major um uh agency in align:start position:0% also the FTC is a major um uh agency in terms<01:12:19.880> of<01:12:20.000> privacy<01:12:20.639> regulation<01:12:21.639> and<01:12:22.080> um<01:12:22.199> I align:start position:0% terms of privacy regulation and um I align:start position:0% terms of privacy regulation and um I know<01:12:22.679> one<01:12:22.800> of<01:12:22.920> the<01:12:23.199> one<01:12:23.280> of<01:12:23.480> the<01:12:23.840> um<01:12:24.280> concerns<01:12:24.639> a align:start position:0% know one of the one of the um concerns a align:start position:0% know one of the one of the um concerns a lot<01:12:24.840> of<01:12:24.920> companies<01:12:25.480> have<01:12:25.800> and<01:12:26.080> and<01:12:26.560> um align:start position:0% lot of companies have and and um align:start position:0% lot of companies have and and um consumers<01:12:27.400> about<01:12:28.280> about<01:12:28.520> large<01:12:28.800> language align:start position:0% consumers about about large language align:start position:0% consumers about about large language models<01:12:29.760> is<01:12:30.400> um<01:12:30.840> you<01:12:30.920> know<01:12:31.080> sending<01:12:31.360> their<01:12:31.560> data align:start position:0% models is um you know sending their data align:start position:0% models is um you know sending their data to<01:12:32.760> a<01:12:33.239> um<01:12:33.880> to<01:12:34.280> a<01:12:34.400> big<01:12:34.560> company<01:12:34.800> like<01:12:34.920> Google<01:12:35.120> or align:start position:0% to a um to a big company like Google or align:start position:0% to a um to a big company like Google or open<01:12:35.560> AI<01:12:36.520> um<01:12:36.800> are<01:12:37.080> there<01:12:37.840> um<01:12:38.639> privacy<01:12:39.000> benefits align:start position:0% open AI um are there um privacy benefits align:start position:0% open AI um are there um privacy benefits to<01:12:39.440> open<01:12:39.639> we<01:12:39.880> models<01:12:40.880> um<01:12:41.000> in<01:12:41.159> terms<01:12:41.320> of<01:12:41.400> being align:start position:0% to open we models um in terms of being align:start position:0% to open we models um in terms of being able<01:12:41.679> to<01:12:41.760> run<01:12:42.280> these<01:12:42.440> models<01:12:42.760> on<01:12:42.920> device<01:12:43.239> or align:start position:0% able to run these models on device or align:start position:0% able to run these models on device or you<01:12:43.679> know<01:12:43.800> on<01:12:43.880> a<01:12:44.000> company's<01:12:44.360> own<01:12:45.280> um<01:12:45.440> premises align:start position:0% you know on a company's own um premises align:start position:0% you know on a company's own um premises as<01:12:46.000> opposed<01:12:46.280> to<01:12:47.000> um<01:12:47.239> sending<01:12:47.520> them<01:12:47.639> out<01:12:47.760> to align:start position:0% as opposed to um sending them out to align:start position:0% as opposed to um sending them out to some<01:12:48.199> to<01:12:48.320> some<01:12:48.520> third<01:12:48.760> third<01:12:48.960> party<01:12:49.760> it's align:start position:0% some to some third third party it's align:start position:0% some to some third third party it's possible<01:12:50.520> I<01:12:50.600> mean<01:12:50.760> I<01:12:50.840> know<01:12:51.000> we've<01:12:51.159> seen<01:12:51.440> some align:start position:0% possible I mean I know we've seen some align:start position:0% possible I mean I know we've seen some of<01:12:51.800> those<01:12:52.000> claims<01:12:52.400> be<01:12:52.600> made<01:12:52.840> and<01:12:52.960> I<01:12:53.040> think<01:12:53.199> we'd align:start position:0% of those claims be made and I think we'd align:start position:0% of those claims be made and I think we'd want<01:12:53.480> to<01:12:53.760> you<01:12:53.840> know<01:12:54.000> take<01:12:54.159> a<01:12:54.280> closer<01:12:54.639> look align:start position:0% want to you know take a closer look align:start position:0% want to you know take a closer look before<01:12:55.199> are<01:12:55.480> clearly<01:12:55.920> saying<01:12:56.400> that<01:12:56.800> you<01:12:56.920> know align:start position:0% before are clearly saying that you know align:start position:0% before are clearly saying that you know there<01:12:57.159> are<01:12:57.360> definitive<01:12:57.880> privacy<01:12:58.320> benefits align:start position:0% there are definitive privacy benefits align:start position:0% there are definitive privacy benefits here<01:12:59.679> um<01:12:59.880> but<01:13:00.000> those<01:13:00.120> are<01:13:00.320> absolutely align:start position:0% here um but those are absolutely align:start position:0% here um but those are absolutely concerns<01:13:01.280> we've<01:13:01.520> heard<01:13:02.440> from<01:13:03.159> consumers<01:13:03.880> but align:start position:0% concerns we've heard from consumers but align:start position:0% concerns we've heard from consumers but also<01:13:04.400> like<01:13:04.600> Enterprise<01:13:05.159> customers<01:13:05.679> who<01:13:05.800> will align:start position:0% also like Enterprise customers who will align:start position:0% also like Enterprise customers who will say<01:13:06.280> you<01:13:06.440> know<01:13:06.880> sometimes<01:13:07.120> we<01:13:07.239> are<01:13:07.440> using<01:13:07.800> some align:start position:0% say you know sometimes we are using some align:start position:0% say you know sometimes we are using some of<01:13:08.120> these<01:13:08.280> models<01:13:09.159> and<01:13:09.320> we<01:13:09.440> don't<01:13:09.840> have<01:13:10.199> entire align:start position:0% of these models and we don't have entire align:start position:0% of these models and we don't have entire confidence<01:13:11.520> that<01:13:11.719> our<01:13:11.960> proprietary align:start position:0% confidence that our proprietary align:start position:0% confidence that our proprietary information<01:13:13.199> is<01:13:13.360> not<01:13:13.560> being<01:13:13.800> fed<01:13:14.159> back<01:13:14.360> in<01:13:15.040> and align:start position:0% information is not being fed back in and align:start position:0% information is not being fed back in and we<01:13:15.400> think<01:13:15.639> the<01:13:15.760> terms<01:13:16.080> of<01:13:16.239> service<01:13:16.600> are align:start position:0% we think the terms of service are align:start position:0% we think the terms of service are written<01:13:17.040> in<01:13:17.120> a<01:13:17.280> way<01:13:17.480> that<01:13:17.560> would<01:13:17.800> protect<01:13:18.120> us align:start position:0% written in a way that would protect us align:start position:0% written in a way that would protect us from<01:13:18.560> that<01:13:18.800> but<01:13:18.920> I'm<01:13:19.040> not<01:13:19.280> sure<01:13:19.840> and<01:13:20.000> those align:start position:0% from that but I'm not sure and those align:start position:0% from that but I'm not sure and those terms<01:13:20.400> of<01:13:20.560> service<01:13:21.000> actually<01:13:21.320> changed<01:13:21.840> last align:start position:0% terms of service actually changed last align:start position:0% terms of service actually changed last week<01:13:22.320> so<01:13:22.560> maybe<01:13:22.800> it<01:13:22.920> used<01:13:23.120> to<01:13:23.280> be<01:13:23.440> safe<01:13:23.719> but<01:13:23.880> now align:start position:0% week so maybe it used to be safe but now align:start position:0% week so maybe it used to be safe but now isn't<01:13:24.840> and<01:13:24.960> just<01:13:25.120> just<01:13:25.280> a<01:13:25.440> general align:start position:0% isn't and just just a general align:start position:0% isn't and just just a general uncertainty<01:13:26.960> about<01:13:27.480> what<01:13:27.719> could<01:13:27.880> be<01:13:28.040> a<01:13:28.239> pretty align:start position:0% uncertainty about what could be a pretty align:start position:0% uncertainty about what could be a pretty core<01:13:29.159> issue<01:13:29.520> for<01:13:29.760> a<01:13:29.880> lot<01:13:30.000> of<01:13:30.159> firms<01:13:30.600> is<01:13:30.800> whether align:start position:0% core issue for a lot of firms is whether align:start position:0% core issue for a lot of firms is whether they're<01:13:31.639> competitively<01:13:32.320> sensitive align:start position:0% they're competitively sensitive align:start position:0% they're competitively sensitive information<01:13:33.520> and<01:13:33.760> proprietary<01:13:34.560> information align:start position:0% information and proprietary information align:start position:0% information and proprietary information is<01:13:35.400> or<01:13:35.600> is<01:13:35.719> not<01:13:35.920> being<01:13:36.159> fed<01:13:36.520> back<01:13:36.719> in<01:13:37.520> so<01:13:37.719> we've align:start position:0% is or is not being fed back in so we've align:start position:0% is or is not being fed back in so we've been<01:13:38.239> putting<01:13:38.520> out<01:13:39.040> um<01:13:39.239> kind<01:13:39.360> of<01:13:39.520> notices<01:13:40.080> and align:start position:0% been putting out um kind of notices and align:start position:0% been putting out um kind of notices and blog<01:13:40.639> posts<01:13:41.120> for<01:13:41.280> the<01:13:41.440> market<01:13:41.840> to<01:13:42.000> just<01:13:42.199> put align:start position:0% blog posts for the market to just put align:start position:0% blog posts for the market to just put firms<01:13:42.719> on<01:13:42.920> notice<01:13:43.440> about<01:13:43.800> what<01:13:44.040> types<01:13:44.280> of align:start position:0% firms on notice about what types of align:start position:0% firms on notice about what types of practices<01:13:45.199> could<01:13:45.440> be<01:13:45.719> illegal<01:13:46.480> under<01:13:46.719> our align:start position:0% practices could be illegal under our align:start position:0% practices could be illegal under our consumer<01:13:47.400> protection<01:13:47.920> authorities<01:13:48.920> and<01:13:49.080> so align:start position:0% consumer protection authorities and so align:start position:0% consumer protection authorities and so the<01:13:49.360> consumer<01:13:49.760> protection<01:13:50.199> laws<01:13:51.000> prohibit align:start position:0% the consumer protection laws prohibit align:start position:0% the consumer protection laws prohibit conduct<01:13:52.280> that<01:13:52.400> is<01:13:52.920> deceptive<01:13:53.920> and<01:13:54.080> so<01:13:54.360> if align:start position:0% conduct that is deceptive and so if align:start position:0% conduct that is deceptive and so if companies<01:13:55.280> are<01:13:55.679> representing<01:13:56.400> one<01:13:56.679> set<01:13:56.840> of align:start position:0% companies are representing one set of align:start position:0% companies are representing one set of data<01:13:57.360> practices<01:13:58.239> but<01:13:58.520> actually<01:13:59.080> engaging<01:13:59.480> in align:start position:0% data practices but actually engaging in align:start position:0% data practices but actually engaging in a<01:13:59.719> different<01:14:00.000> set<01:14:00.159> of<01:14:00.480> data<01:14:00.800> practices<01:14:01.639> that align:start position:0% a different set of data practices that align:start position:0% a different set of data practices that could<01:14:01.920> be<01:14:02.560> deceptive<01:14:03.560> you<01:14:03.719> could<01:14:03.960> also<01:14:04.320> just align:start position:0% could be deceptive you could also just align:start position:0% could be deceptive you could also just deceive<01:14:05.040> people<01:14:05.480> by<01:14:05.800> omitting<01:14:06.360> certain<01:14:06.760> key align:start position:0% deceive people by omitting certain key align:start position:0% deceive people by omitting certain key information<01:14:07.560> and<01:14:07.719> so<01:14:07.960> we<01:14:08.120> think<01:14:08.840> how<01:14:09.520> this align:start position:0% information and so we think how this align:start position:0% information and so we think how this information<01:14:10.560> that's<01:14:10.719> being<01:14:10.880> fed<01:14:11.199> into<01:14:11.440> these align:start position:0% information that's being fed into these align:start position:0% information that's being fed into these llms<01:14:12.080> as<01:14:12.280> being<01:14:12.560> used<01:14:13.000> is<01:14:13.120> a<01:14:13.440> material<01:14:14.000> term align:start position:0% llms as being used is a material term align:start position:0% llms as being used is a material term and<01:14:14.440> so<01:14:14.600> we've<01:14:14.800> made<01:14:15.000> clear<01:14:15.360> that<01:14:15.960> um align:start position:0% and so we've made clear that um align:start position:0% and so we've made clear that um companies<01:14:16.600> need<01:14:16.760> to<01:14:16.880> be<01:14:17.000> upfront<01:14:17.400> about<01:14:17.600> that align:start position:0% companies need to be upfront about that align:start position:0% companies need to be upfront about that so<01:14:18.239> we've<01:14:18.360> had<01:14:18.480> several<01:14:18.719> people<01:14:18.920> this<01:14:19.120> morning align:start position:0% so we've had several people this morning align:start position:0% so we've had several people this morning mention<01:14:20.159> SP<01:14:20.719> 1047<01:14:21.719> um<01:14:21.920> the<01:14:22.080> California<01:14:23.040> um align:start position:0% mention SP 1047 um the California um align:start position:0% mention SP 1047 um the California um legislation<01:14:24.600> on<01:14:25.239> safety<01:14:25.560> and<01:14:25.639> one<01:14:25.719> of<01:14:25.840> the<01:14:25.960> big align:start position:0% legislation on safety and one of the big align:start position:0% legislation on safety and one of the big criticisms<01:14:26.719> of<01:14:26.960> that<01:14:27.159> is<01:14:27.360> that<01:14:27.639> it<01:14:27.800> might align:start position:0% criticisms of that is that it might align:start position:0% criticisms of that is that it might discourage<01:14:28.560> companies<01:14:29.080> from<01:14:29.880> uh<01:14:30.000> releasing align:start position:0% discourage companies from uh releasing align:start position:0% discourage companies from uh releasing openweight<01:14:30.800> models<01:14:31.239> because<01:14:31.480> it<01:14:31.639> places<01:14:32.199> a align:start position:0% openweight models because it places a align:start position:0% openweight models because it places a lot<01:14:32.440> of<01:14:33.239> um<01:14:33.719> requirements<01:14:34.199> on<01:14:34.360> companies<01:14:34.639> that align:start position:0% lot of um requirements on companies that align:start position:0% lot of um requirements on companies that release<01:14:35.000> those<01:14:35.199> openway<01:14:35.639> models<01:14:36.520> um<01:14:36.760> is<01:14:36.920> that align:start position:0% release those openway models um is that align:start position:0% release those openway models um is that something<01:14:37.400> that<01:14:37.520> you're<01:14:37.679> concerned<01:14:38.040> about<01:14:39.000> I align:start position:0% something that you're concerned about I align:start position:0% something that you're concerned about I mean<01:14:39.600> not<01:14:39.760> going<01:14:39.840> to<01:14:39.960> weigh<01:14:40.159> in<01:14:40.280> on<01:14:40.440> this align:start position:0% mean not going to weigh in on this align:start position:0% mean not going to weigh in on this specific<01:14:41.440> bill<01:14:41.800> but<01:14:41.960> as<01:14:42.080> a<01:14:42.280> general<01:14:42.639> matter<01:14:43.040> I align:start position:0% specific bill but as a general matter I align:start position:0% specific bill but as a general matter I think<01:14:43.320> it's<01:14:43.719> it<01:14:43.840> can<01:14:43.960> be<01:14:44.120> tricky<01:14:44.639> right align:start position:0% think it's it can be tricky right align:start position:0% think it's it can be tricky right knowing<01:14:45.159> how<01:14:45.280> to<01:14:45.440> strike<01:14:45.760> the<01:14:45.920> right<01:14:46.120> balance align:start position:0% knowing how to strike the right balance align:start position:0% knowing how to strike the right balance and<01:14:47.960> I<01:14:48.040> think<01:14:48.199> candidly<01:14:48.880> policy<01:14:49.320> makers<01:14:49.719> do align:start position:0% and I think candidly policy makers do align:start position:0% and I think candidly policy makers do have<01:14:50.120> a<01:14:50.239> lot<01:14:50.440> of<01:14:51.440> legitimate<01:14:52.000> concerns<01:14:52.480> about align:start position:0% have a lot of legitimate concerns about align:start position:0% have a lot of legitimate concerns about how<01:14:53.280> some<01:14:53.400> of<01:14:53.560> these<01:14:53.719> tools<01:14:54.080> could<01:14:54.239> be<01:14:54.400> misused align:start position:0% how some of these tools could be misused align:start position:0% how some of these tools could be misused and<01:14:55.239> they're<01:14:55.400> already<01:14:55.679> seeing<01:14:56.040> some<01:14:56.199> of<01:14:56.320> that align:start position:0% and they're already seeing some of that align:start position:0% and they're already seeing some of that play<01:14:56.679> out<01:14:56.920> in<01:14:57.120> real<01:14:57.400> time<01:14:57.679> and<01:14:57.760> so<01:14:57.960> they<01:14:58.120> feel align:start position:0% play out in real time and so they feel align:start position:0% play out in real time and so they feel an<01:14:58.840> obligation<01:14:59.400> to<01:14:59.600> the<01:14:59.760> public<01:15:00.120> and<01:15:00.239> the align:start position:0% an obligation to the public and the align:start position:0% an obligation to the public and the constituents<01:15:01.080> to<01:15:01.360> protect<01:15:01.679> them<01:15:01.880> from<01:15:02.080> some align:start position:0% constituents to protect them from some align:start position:0% constituents to protect them from some of<01:15:02.400> these<01:15:02.600> risks<01:15:03.560> that<01:15:03.800> said<01:15:04.159> I<01:15:04.239> think<01:15:04.440> it align:start position:0% of these risks that said I think it align:start position:0% of these risks that said I think it would<01:15:04.800> be<01:15:04.960> a<01:15:05.159> real<01:15:05.760> missed<01:15:06.120> opportunity<01:15:06.760> if<01:15:06.920> we align:start position:0% would be a real missed opportunity if we align:start position:0% would be a real missed opportunity if we didn't<01:15:07.840> position<01:15:08.520> openness<01:15:09.120> to<01:15:09.360> really<01:15:09.639> get<01:15:09.840> a align:start position:0% didn't position openness to really get a align:start position:0% didn't position openness to really get a fair<01:15:10.280> shot<01:15:10.560> in<01:15:10.760> this<01:15:11.000> Marketplace<01:15:11.800> especially align:start position:0% fair shot in this Marketplace especially align:start position:0% fair shot in this Marketplace especially from<01:15:12.440> a<01:15:12.639> competition<01:15:13.280> perspective<01:15:14.159> where align:start position:0% from a competition perspective where align:start position:0% from a competition perspective where we've<01:15:14.560> seen<01:15:15.120> that<01:15:15.600> in<01:15:15.760> this<01:15:16.000> type<01:15:16.159> of<01:15:16.360> Market align:start position:0% we've seen that in this type of Market align:start position:0% we've seen that in this type of Market where<01:15:17.199> you<01:15:17.320> know<01:15:17.480> the<01:15:17.600> entry<01:15:18.000> cost<01:15:18.320> can<01:15:18.440> be align:start position:0% where you know the entry cost can be align:start position:0% where you know the entry cost can be quite<01:15:19.239> prohibitive<01:15:20.239> openness<01:15:20.800> can<01:15:20.920> be align:start position:0% quite prohibitive openness can be align:start position:0% quite prohibitive openness can be especially<01:15:21.679> important<01:15:22.199> because<01:15:22.400> it<01:15:22.560> just align:start position:0% especially important because it just align:start position:0% especially important because it just lowers<01:15:23.199> those<01:15:23.360> entry<01:15:23.800> costs<01:15:24.199> it<01:15:24.360> kind<01:15:24.480> of<01:15:24.679> can align:start position:0% lowers those entry costs it kind of can align:start position:0% lowers those entry costs it kind of can Focus<01:15:25.440> people<01:15:25.760> on<01:15:26.639> um<01:15:27.080> you<01:15:27.159> know<01:15:27.520> innovating align:start position:0% Focus people on um you know innovating align:start position:0% Focus people on um you know innovating in<01:15:28.159> more<01:15:28.360> efficient<01:15:28.840> places<01:15:29.320> and<01:15:29.480> so<01:15:30.199> you<01:15:30.280> know align:start position:0% in more efficient places and so you know align:start position:0% in more efficient places and so you know I<01:15:30.679> I<01:15:30.800> do<01:15:30.960> think<01:15:31.120> we<01:15:31.239> need<01:15:31.360> to<01:15:31.600> craft<01:15:32.080> policy<01:15:32.440> in align:start position:0% I I do think we need to craft policy in align:start position:0% I I do think we need to craft policy in a<01:15:32.719> way<01:15:32.960> that<01:15:33.239> preserves<01:15:33.840> the<01:15:34.000> opportunity<01:15:34.520> for align:start position:0% a way that preserves the opportunity for align:start position:0% a way that preserves the opportunity for that<01:15:35.320> openness<01:15:36.320> in<01:15:36.480> in<01:15:36.600> your<01:15:36.760> remarks<01:15:37.080> you align:start position:0% that openness in in your remarks you align:start position:0% that openness in in your remarks you mentioned<01:15:38.199> um<01:15:38.880> the<01:15:39.040> risk<01:15:39.280> of<01:15:39.400> fraud<01:15:39.880> from<01:15:40.400> Deep align:start position:0% mentioned um the risk of fraud from Deep align:start position:0% mentioned um the risk of fraud from Deep fakes<01:15:41.040> and<01:15:41.600> uh<01:15:41.800> AI<01:15:42.800> um<01:15:43.080> I<01:15:43.159> was<01:15:43.280> wonder<01:15:43.480> if<01:15:43.520> you align:start position:0% fakes and uh AI um I was wonder if you align:start position:0% fakes and uh AI um I was wonder if you could<01:15:43.719> tell<01:15:43.840> me<01:15:43.960> a<01:15:44.040> little<01:15:44.199> bit<01:15:44.320> more<01:15:44.560> about align:start position:0% could tell me a little bit more about align:start position:0% could tell me a little bit more about what<01:15:45.320> you're<01:15:45.440> seeing<01:15:45.719> I<01:15:45.760> me<01:15:45.880> this<01:15:45.960> is align:start position:0% what you're seeing I me this is align:start position:0% what you're seeing I me this is definitely<01:15:46.360> something<01:15:46.679> people<01:15:46.880> always<01:15:47.120> talk align:start position:0% definitely something people always talk align:start position:0% definitely something people always talk about<01:15:47.800> but<01:15:47.920> you're<01:15:48.040> probably<01:15:48.239> in<01:15:48.360> a<01:15:48.480> unque align:start position:0% about but you're probably in a unque align:start position:0% about but you're probably in a unque position<01:15:49.239> actually<01:15:49.480> see<01:15:49.880> kind<01:15:49.960> of<01:15:50.080> the align:start position:0% position actually see kind of the align:start position:0% position actually see kind of the magnitude<01:15:51.120> of<01:15:51.239> this<01:15:52.040> is<01:15:52.159> this<01:15:52.520> still<01:15:52.800> like<01:15:53.000> a align:start position:0% magnitude of this is this still like a align:start position:0% magnitude of this is this still like a mostly<01:15:53.960> theoretical<01:15:54.440> thing<01:15:54.600> where<01:15:54.679> it's<01:15:55.199> a align:start position:0% mostly theoretical thing where it's a align:start position:0% mostly theoretical thing where it's a few<01:15:55.440> places<01:15:55.639> or<01:15:55.880> something<01:15:56.040> that's<01:15:56.199> really align:start position:0% few places or something that's really align:start position:0% few places or something that's really happening<01:15:56.560> on<01:15:56.639> a<01:15:56.760> large<01:15:57.400> scale<01:15:58.400> so<01:15:58.560> the<01:15:58.679> FTC align:start position:0% happening on a large scale so the FTC align:start position:0% happening on a large scale so the FTC does<01:15:59.880> um<01:16:00.199> police<01:16:00.639> fraud<01:16:01.600> and<01:16:02.159> we<01:16:02.520> you<01:16:02.600> know<01:16:02.800> for align:start position:0% does um police fraud and we you know for align:start position:0% does um police fraud and we you know for years<01:16:03.440> now<01:16:03.719> one<01:16:03.840> of<01:16:03.960> the<01:16:04.120> most<01:16:04.480> common<01:16:04.840> sources align:start position:0% years now one of the most common sources align:start position:0% years now one of the most common sources of<01:16:05.480> fraud<01:16:06.120> that<01:16:06.239> we<01:16:06.360> see<01:16:06.560> in<01:16:06.679> our<01:16:06.840> complaint align:start position:0% of fraud that we see in our complaint align:start position:0% of fraud that we see in our complaint database<01:16:08.280> is<01:16:08.560> impostor<01:16:09.080> fraud<01:16:09.800> so<01:16:10.040> people align:start position:0% database is impostor fraud so people align:start position:0% database is impostor fraud so people pretending<01:16:10.760> to<01:16:10.960> be<01:16:11.120> the<01:16:11.239> government<01:16:11.679> or align:start position:0% pretending to be the government or align:start position:0% pretending to be the government or pretending<01:16:12.199> to<01:16:12.320> be<01:16:12.440> a<01:16:12.600> legitimate<01:16:13.159> business align:start position:0% pretending to be a legitimate business align:start position:0% pretending to be a legitimate business uh<01:16:14.199> calling<01:16:14.520> up<01:16:14.800> people<01:16:15.199> pretending<01:16:15.520> to<01:16:15.639> be align:start position:0% uh calling up people pretending to be align:start position:0% uh calling up people pretending to be the<01:16:15.920> IRS<01:16:16.480> saying<01:16:16.880> hey<01:16:17.080> you<01:16:17.199> owe<01:16:17.440> thousands<01:16:17.760> of align:start position:0% the IRS saying hey you owe thousands of align:start position:0% the IRS saying hey you owe thousands of dollars<01:16:18.280> and<01:16:18.440> if<01:16:18.520> you<01:16:18.639> don't<01:16:18.960> you<01:16:19.080> know<01:16:19.239> wire align:start position:0% dollars and if you don't you know wire align:start position:0% dollars and if you don't you know wire over<01:16:19.760> money<01:16:20.040> in<01:16:20.159> the<01:16:20.280> next<01:16:20.480> 24<01:16:20.880> hours<01:16:21.159> we're align:start position:0% over money in the next 24 hours we're align:start position:0% over money in the next 24 hours we're going<01:16:21.400> to<01:16:21.480> come<01:16:21.600> and<01:16:21.760> arrest<01:16:22.120> you<01:16:22.719> like<01:16:22.880> these align:start position:0% going to come and arrest you like these align:start position:0% going to come and arrest you like these types<01:16:23.280> of<01:16:23.440> scams<01:16:23.800> are<01:16:24.040> actually<01:16:24.360> still<01:16:24.639> quite align:start position:0% types of scams are actually still quite align:start position:0% types of scams are actually still quite prominent<01:16:26.280> um<01:16:26.480> what<01:16:26.600> we've<01:16:26.800> seen<01:16:27.159> with<01:16:27.320> fraud align:start position:0% prominent um what we've seen with fraud align:start position:0% prominent um what we've seen with fraud with<01:16:28.199> um<01:16:28.360> some<01:16:28.520> of<01:16:28.679> these<01:16:28.840> AI<01:16:29.199> tools<01:16:29.679> is<01:16:29.840> that align:start position:0% with um some of these AI tools is that align:start position:0% with um some of these AI tools is that they<01:16:30.400> risk<01:16:31.199> turbocharging<01:16:32.199> these<01:16:32.440> existing align:start position:0% they risk turbocharging these existing align:start position:0% they risk turbocharging these existing types<01:16:33.159> of<01:16:33.280> fraud<01:16:33.719> because<01:16:33.920> it<01:16:34.080> allows align:start position:0% types of fraud because it allows align:start position:0% types of fraud because it allows scammers<01:16:35.000> to<01:16:35.159> disseminate<01:16:35.760> fraud<01:16:36.560> uh<01:16:36.679> much align:start position:0% scammers to disseminate fraud uh much align:start position:0% scammers to disseminate fraud uh much more<01:16:37.040> quickly<01:16:37.480> much<01:16:37.639> more<01:16:37.840> cheaply<01:16:38.239> on<01:16:38.360> a<01:16:38.520> much align:start position:0% more quickly much more cheaply on a much align:start position:0% more quickly much more cheaply on a much wider<01:16:39.120> scale<01:16:40.080> with<01:16:40.280> voice<01:16:40.560> cloning<01:16:41.000> Tools<01:16:41.400> in align:start position:0% wider scale with voice cloning Tools in align:start position:0% wider scale with voice cloning Tools in particular<01:16:42.199> we're<01:16:42.400> also<01:16:42.639> seeing<01:16:43.000> an<01:16:43.159> update align:start position:0% particular we're also seeing an update align:start position:0% particular we're also seeing an update in<01:16:43.840> complaints<01:16:44.480> of<01:16:44.639> you<01:16:44.760> know<01:16:44.920> people align:start position:0% in complaints of you know people align:start position:0% in complaints of you know people pretending<01:16:45.560> to<01:16:45.639> be<01:16:45.840> somebody's<01:16:46.239> grandkid<01:16:47.000> and align:start position:0% pretending to be somebody's grandkid and align:start position:0% pretending to be somebody's grandkid and you<01:16:47.360> know<01:16:47.520> figing<01:16:47.960> their<01:16:48.120> voice<01:16:48.440> quite align:start position:0% you know figing their voice quite align:start position:0% you know figing their voice quite effectively<01:16:50.040> um<01:16:50.239> and<01:16:50.320> so<01:16:50.480> we've<01:16:50.679> been align:start position:0% effectively um and so we've been align:start position:0% effectively um and so we've been thinking<01:16:51.199> through<01:16:51.480> you<01:16:51.600> know<01:16:51.840> how<01:16:52.040> can<01:16:52.239> we<01:16:52.560> be align:start position:0% thinking through you know how can we be align:start position:0% thinking through you know how can we be most<01:16:53.120> effective<01:16:54.120> one<01:16:54.280> thing<01:16:54.440> we<01:16:54.880> recently<01:16:55.239> did align:start position:0% most effective one thing we recently did align:start position:0% most effective one thing we recently did was<01:16:56.120> uh<01:16:56.239> launched<01:16:56.639> a<01:16:56.880> voice<01:16:57.159> cloning align:start position:0% was uh launched a voice cloning align:start position:0% was uh launched a voice cloning challenge<01:16:58.360> where<01:16:58.520> we<01:16:58.719> actually<01:16:59.080> invited<01:16:59.560> the align:start position:0% challenge where we actually invited the align:start position:0% challenge where we actually invited the public<01:17:00.040> to<01:17:00.239> submit<01:17:00.679> ideas<01:17:01.120> to<01:17:01.360> us<01:17:02.120> about<01:17:02.560> how align:start position:0% public to submit ideas to us about how align:start position:0% public to submit ideas to us about how either<01:17:03.360> us<01:17:03.560> as<01:17:03.679> a<01:17:03.800> law<01:17:04.040> enforcer<01:17:04.639> or<01:17:04.880> people<01:17:05.120> in align:start position:0% either us as a law enforcer or people in align:start position:0% either us as a law enforcer or people in the<01:17:05.480> public<01:17:06.239> could<01:17:06.480> potentially<01:17:07.159> detect align:start position:0% the public could potentially detect align:start position:0% the public could potentially detect voice<01:17:08.120> cloning<01:17:08.520> fraud<01:17:08.880> in<01:17:09.040> real<01:17:09.360> time<01:17:10.040> and<01:17:10.120> so align:start position:0% voice cloning fraud in real time and so align:start position:0% voice cloning fraud in real time and so are<01:17:10.440> there<01:17:10.600> Technologies<01:17:11.320> or<01:17:11.679> ideas<01:17:12.120> already align:start position:0% are there Technologies or ideas already align:start position:0% are there Technologies or ideas already out<01:17:12.760> there<01:17:13.159> that<01:17:13.360> would<01:17:13.600> allow<01:17:14.000> you<01:17:14.199> when align:start position:0% out there that would allow you when align:start position:0% out there that would allow you when you're<01:17:14.480> getting<01:17:14.760> a<01:17:14.920> call<01:17:15.199> to<01:17:15.360> figure<01:17:15.639> out<01:17:15.840> in align:start position:0% you're getting a call to figure out in align:start position:0% you're getting a call to figure out in real<01:17:16.239> time<01:17:16.639> is<01:17:16.760> this<01:17:16.920> a<01:17:17.040> real<01:17:17.320> voice<01:17:17.560> or<01:17:17.719> is align:start position:0% real time is this a real voice or is align:start position:0% real time is this a real voice or is this<01:17:18.000> a<01:17:18.120> fake<01:17:18.400> voice<01:17:19.120> we<01:17:19.280> got<01:17:19.520> some<01:17:19.800> really align:start position:0% this a fake voice we got some really align:start position:0% this a fake voice we got some really interesting<01:17:20.639> ideas<01:17:21.040> and<01:17:21.440> just<01:17:21.639> announced<01:17:22.040> a align:start position:0% interesting ideas and just announced a align:start position:0% interesting ideas and just announced a couple<01:17:22.360> of<01:17:22.440> months<01:17:22.719> ago<01:17:23.239> um<01:17:23.360> the<01:17:23.480> three align:start position:0% couple of months ago um the three align:start position:0% couple of months ago um the three winners<01:17:24.719> um<01:17:25.120> and<01:17:25.239> so<01:17:25.400> you<01:17:25.520> know<01:17:25.679> we align:start position:0% winners um and so you know we align:start position:0% winners um and so you know we spotlighted<01:17:26.520> those<01:17:26.840> we<01:17:26.960> hope<01:17:27.199> that<01:17:27.320> will<01:17:27.520> help align:start position:0% spotlighted those we hope that will help align:start position:0% spotlighted those we hope that will help them<01:17:28.199> you<01:17:28.280> know<01:17:28.520> get<01:17:28.760> more<01:17:28.960> uptick<01:17:29.360> in<01:17:29.440> the align:start position:0% them you know get more uptick in the align:start position:0% them you know get more uptick in the market<01:17:29.960> and<01:17:30.199> really<01:17:30.800> um<01:17:30.960> be<01:17:31.120> able<01:17:31.320> to<01:17:31.480> scale align:start position:0% market and really um be able to scale align:start position:0% market and really um be able to scale and<01:17:32.120> so<01:17:32.719> uh<01:17:32.880> you<01:17:32.960> know<01:17:33.080> we're<01:17:33.199> using<01:17:33.440> all<01:17:33.639> law align:start position:0% and so uh you know we're using all law align:start position:0% and so uh you know we're using all law enforcement<01:17:34.320> tools<01:17:34.719> but<01:17:34.840> we're<01:17:35.040> also align:start position:0% enforcement tools but we're also align:start position:0% enforcement tools but we're also thinking<01:17:35.600> more<01:17:35.800> creatively<01:17:36.440> about<01:17:36.800> how<01:17:36.960> else align:start position:0% thinking more creatively about how else align:start position:0% thinking more creatively about how else can<01:17:37.400> we<01:17:38.040> encourage<01:17:39.040> Innovation<01:17:39.880> not<01:17:40.120> just<01:17:40.320> in align:start position:0% can we encourage Innovation not just in align:start position:0% can we encourage Innovation not just in fraud<01:17:41.120> but<01:17:41.280> innovation<01:17:41.800> in<01:17:42.040> fighting<01:17:42.360> and align:start position:0% fraud but innovation in fighting and align:start position:0% fraud but innovation in fighting and detecting<01:17:43.159> fraud<01:17:44.400> questions<01:17:45.400> sh<01:17:45.679> in<01:17:45.800> the<01:17:45.960> back align:start position:0% detecting fraud questions sh in the back align:start position:0% detecting fraud questions sh in the back thank<01:17:46.679> you<01:17:47.280> um<01:17:47.520> Greg<01:17:47.760> Miller<01:17:48.080> building<01:17:48.480> 80<01:17:48.920> and align:start position:0% thank you um Greg Miller building 80 and align:start position:0% thank you um Greg Miller building 80 and AI<01:17:49.320> legislative<01:17:49.800> affairs<01:17:50.199> platform<01:17:51.000> curious align:start position:0% AI legislative affairs platform curious align:start position:0% AI legislative affairs platform curious to<01:17:51.480> know<01:17:52.040> we<01:17:52.159> see<01:17:52.320> a<01:17:52.400> lot<01:17:52.520> of<01:17:52.679> arguments<01:17:53.320> that align:start position:0% to know we see a lot of arguments that align:start position:0% to know we see a lot of arguments that some<01:17:53.760> of<01:17:53.880> these<01:17:54.000> firms<01:17:54.280> are<01:17:54.400> so<01:17:54.639> big<01:17:55.199> that<01:17:55.400> even align:start position:0% some of these firms are so big that even align:start position:0% some of these firms are so big that even the<01:17:55.719> big<01:17:55.920> firms<01:17:56.320> need<01:17:56.520> to<01:17:57.320> engage<01:17:57.600> in align:start position:0% the big firms need to engage in align:start position:0% the big firms need to engage in anti-competitive<01:17:58.560> Behavior<01:17:59.080> or align:start position:0% anti-competitive Behavior or align:start position:0% anti-competitive Behavior or Acquisitions<01:18:00.120> to<01:18:00.280> compete<01:18:00.560> against<01:18:00.760> the align:start position:0% Acquisitions to compete against the align:start position:0% Acquisitions to compete against the other<01:18:01.080> big<01:18:01.239> firms<01:18:01.520> we<01:18:01.639> see<01:18:01.800> this<01:18:01.920> a<01:18:02.080> lot<01:18:02.360> in<01:18:02.840> the align:start position:0% other big firms we see this a lot in the align:start position:0% other big firms we see this a lot in the flight<01:18:03.239> industry<01:18:03.719> airline<01:18:04.159> industry<01:18:05.040> we<01:18:05.159> also align:start position:0% flight industry airline industry we also align:start position:0% flight industry airline industry we also saw<01:18:05.840> you<01:18:05.920> know<01:18:06.080> Google<01:18:06.320> needs<01:18:06.520> to<01:18:06.679> pay<01:18:06.840> Apple align:start position:0% saw you know Google needs to pay Apple align:start position:0% saw you know Google needs to pay Apple 202<01:18:07.400> billion<01:18:07.800> dollars<01:18:08.159> and<01:18:08.280> then<01:18:08.560> Apple<01:18:08.800> can align:start position:0% 202 billion dollars and then Apple can align:start position:0% 202 billion dollars and then Apple can compete<01:18:09.280> on<01:18:09.480> other<01:18:09.679> fronts<01:18:10.239> right<01:18:10.800> I'm align:start position:0% compete on other fronts right I'm align:start position:0% compete on other fronts right I'm wondering<01:18:11.360> how<01:18:11.560> you<01:18:11.800> think<01:18:12.040> about<01:18:12.360> that<01:18:12.560> how align:start position:0% wondering how you think about that how align:start position:0% wondering how you think about that how you<01:18:12.880> think<01:18:13.120> about<01:18:14.080> these<01:18:14.320> companies<01:18:14.760> being<01:18:15.040> so align:start position:0% you think about these companies being so align:start position:0% you think about these companies being so large<01:18:15.880> that<01:18:16.159> they<01:18:16.280> need<01:18:16.400> to<01:18:16.560> do<01:18:16.800> certain align:start position:0% large that they need to do certain align:start position:0% large that they need to do certain things<01:18:17.239> to<01:18:17.400> compete<01:18:17.679> against<01:18:17.880> the<01:18:18.000> other align:start position:0% things to compete against the other align:start position:0% things to compete against the other really<01:18:18.440> large<01:18:18.800> companies<01:18:19.719> uh<01:18:19.840> so<01:18:20.000> as<01:18:20.120> a align:start position:0% really large companies uh so as a align:start position:0% really large companies uh so as a general<01:18:20.600> matter<01:18:20.960> we<01:18:21.080> never<01:18:21.360> think<01:18:21.679> illegal align:start position:0% general matter we never think illegal align:start position:0% general matter we never think illegal practices<01:18:22.719> are<01:18:23.040> okay<01:18:23.360> even<01:18:23.560> if<01:18:23.760> other<01:18:23.960> people align:start position:0% practices are okay even if other people align:start position:0% practices are okay even if other people are<01:18:24.280> doing<01:18:24.560> them align:start position:0% um<01:18:28.360> um<01:18:28.880> you<01:18:29.000> know<01:18:29.239> it<01:18:29.400> it<01:18:29.600> it's<01:18:29.880> it<01:18:30.000> raises<01:18:30.320> an align:start position:0% um um you know it it it's it raises an align:start position:0% um um you know it it it's it raises an interesting<01:18:30.920> point<01:18:31.199> and<01:18:31.360> one<01:18:31.560> we<01:18:31.760> definitely align:start position:0% interesting point and one we definitely align:start position:0% interesting point and one we definitely hear<01:18:32.400> in<01:18:32.560> all<01:18:32.760> sorts<01:18:32.960> of<01:18:33.199> context<01:18:33.960> uh<01:18:34.040> you<01:18:34.159> know align:start position:0% hear in all sorts of context uh you know align:start position:0% hear in all sorts of context uh you know famously<01:18:34.760> in<01:18:34.920> healthcare<01:18:35.440> I<01:18:35.520> think<01:18:35.679> we've align:start position:0% famously in healthcare I think we've align:start position:0% famously in healthcare I think we've seen<01:18:36.040> a<01:18:36.159> lot<01:18:36.280> of<01:18:36.440> consolidation<01:18:37.280> and<01:18:37.760> you<01:18:37.920> know align:start position:0% seen a lot of consolidation and you know align:start position:0% seen a lot of consolidation and you know some<01:18:38.600> of<01:18:38.800> these<01:18:38.960> markets<01:18:39.480> can<01:18:39.920> get<01:18:40.120> into<01:18:40.400> a align:start position:0% some of these markets can get into a align:start position:0% some of these markets can get into a mode<01:18:41.040> where<01:18:41.199> you<01:18:41.760> start<01:18:42.040> seeing<01:18:42.360> an<01:18:42.520> arms<01:18:42.880> race align:start position:0% mode where you start seeing an arms race align:start position:0% mode where you start seeing an arms race of<01:18:43.880> companies<01:18:44.320> that<01:18:44.440> are<01:18:44.600> having<01:18:44.840> to<01:18:45.000> bulk<01:18:45.320> up align:start position:0% of companies that are having to bulk up align:start position:0% of companies that are having to bulk up and<01:18:45.639> they<01:18:45.760> say<01:18:45.920> we're<01:18:46.120> having<01:18:46.320> to<01:18:46.480> bulk<01:18:46.800> up align:start position:0% and they say we're having to bulk up align:start position:0% and they say we're having to bulk up because<01:18:47.280> the<01:18:47.400> other<01:18:47.880> side<01:18:48.120> bulked<01:18:48.520> up<01:18:48.800> and<01:18:49.040> you align:start position:0% because the other side bulked up and you align:start position:0% because the other side bulked up and you know<01:18:49.280> it's<01:18:49.480> kind<01:18:49.600> of<01:18:49.719> ends<01:18:49.920> up<01:18:50.120> being<01:18:51.040> uh<01:18:51.199> this align:start position:0% know it's kind of ends up being uh this align:start position:0% know it's kind of ends up being uh this race<01:18:51.679> to align:start position:0% race to align:start position:0% race to monopolization<01:18:53.719> and<01:18:54.120> you<01:18:54.239> know<01:18:54.400> we're<01:18:54.800> law align:start position:0% monopolization and you know we're law align:start position:0% monopolization and you know we're law enforcer<01:18:55.480> so<01:18:55.679> we<01:18:55.800> look<01:18:55.920> at<01:18:56.120> what<01:18:56.239> do<01:18:56.440> the<01:18:56.560> laws align:start position:0% enforcer so we look at what do the laws align:start position:0% enforcer so we look at what do the laws say<01:18:57.320> and<01:18:57.560> the<01:18:57.679> laws<01:18:57.960> say<01:18:58.320> actually<01:18:58.760> you<01:18:58.920> need align:start position:0% say and the laws say actually you need align:start position:0% say and the laws say actually you need to<01:18:59.239> be<01:18:59.400> able<01:18:59.600> to<01:18:59.840> stop<01:19:00.360> consolidation<01:19:01.120> and align:start position:0% to be able to stop consolidation and align:start position:0% to be able to stop consolidation and incipiency<01:19:02.920> right<01:19:03.080> Congress<01:19:03.520> identified align:start position:0% incipiency right Congress identified align:start position:0% incipiency right Congress identified Fair<01:19:04.480> competition<01:19:05.080> is<01:19:05.239> the<01:19:05.400> way<01:19:05.600> that<01:19:05.760> we<01:19:05.880> need align:start position:0% Fair competition is the way that we need align:start position:0% Fair competition is the way that we need to<01:19:06.400> structure<01:19:06.800> our<01:19:07.000> markets<01:19:07.480> to<01:19:07.639> make<01:19:07.760> sure align:start position:0% to structure our markets to make sure align:start position:0% to structure our markets to make sure that<01:19:08.159> the<01:19:08.320> public<01:19:08.600> can<01:19:08.760> benefit<01:19:09.320> be<01:19:09.480> it align:start position:0% that the public can benefit be it align:start position:0% that the public can benefit be it consumer<01:19:10.320> small<01:19:10.560> businesses<01:19:11.320> workers<01:19:12.320> and<01:19:12.440> so align:start position:0% consumer small businesses workers and so align:start position:0% consumer small businesses workers and so we<01:19:12.840> have<01:19:12.960> a<01:19:13.120> mandate<01:19:13.600> to<01:19:13.880> actually<01:19:14.400> crack<01:19:14.760> down align:start position:0% we have a mandate to actually crack down align:start position:0% we have a mandate to actually crack down on<01:19:15.120> some<01:19:15.280> of<01:19:15.480> that<01:19:16.159> I<01:19:16.239> can<01:19:16.440> certainly<01:19:16.960> see<01:19:17.440> that align:start position:0% on some of that I can certainly see that align:start position:0% on some of that I can certainly see that if<01:19:17.760> you<01:19:18.120> have<01:19:18.440> you<01:19:18.560> know<01:19:19.080> it<01:19:19.520> years<01:19:19.840> of align:start position:0% if you have you know it years of align:start position:0% if you have you know it years of inaction<01:19:20.639> on<01:19:20.800> the<01:19:20.920> law<01:19:21.159> enforcement<01:19:21.760> front align:start position:0% inaction on the law enforcement front align:start position:0% inaction on the law enforcement front companies<01:19:22.960> can<01:19:23.159> feel<01:19:23.880> well<01:19:24.080> I'm<01:19:24.239> not<01:19:24.400> being align:start position:0% companies can feel well I'm not being align:start position:0% companies can feel well I'm not being protected<01:19:25.600> from<01:19:25.880> this<01:19:26.239> Monopoly<01:19:26.880> abuse<01:19:27.320> and align:start position:0% protected from this Monopoly abuse and align:start position:0% protected from this Monopoly abuse and so<01:19:27.719> my<01:19:27.880> only<01:19:28.159> way<01:19:28.320> to<01:19:28.560> survive<01:19:29.120> is<01:19:29.280> to<01:19:29.719> become<01:19:29.960> a align:start position:0% so my only way to survive is to become a align:start position:0% so my only way to survive is to become a monopoly<01:19:30.719> myself<01:19:31.239> and<01:19:31.600> you<01:19:31.719> know<01:19:32.440> I<01:19:32.520> think align:start position:0% monopoly myself and you know I think align:start position:0% monopoly myself and you know I think that<01:19:33.000> really<01:19:33.320> underscores<01:19:34.000> the<01:19:34.159> importance align:start position:0% that really underscores the importance align:start position:0% that really underscores the importance of<01:19:34.719> enforcing<01:19:35.199> the<01:19:35.320> law<01:19:35.679> so<01:19:35.880> that<01:19:36.040> firms<01:19:36.360> are align:start position:0% of enforcing the law so that firms are align:start position:0% of enforcing the law so that firms are not<01:19:36.719> put<01:19:36.920> in<01:19:37.080> that<01:19:37.360> position<01:19:38.360> um<01:19:38.760> but<01:19:38.920> I<01:19:39.040> think align:start position:0% not put in that position um but I think align:start position:0% not put in that position um but I think the<01:19:39.480> risks<01:19:39.960> of<01:19:40.360> consolidation<01:19:41.239> and<01:19:41.560> unlawful align:start position:0% the risks of consolidation and unlawful align:start position:0% the risks of consolidation and unlawful monopolization<01:19:42.960> can<01:19:43.120> be<01:19:43.320> so<01:19:43.800> high<01:19:44.800> uh<01:19:45.000> that align:start position:0% monopolization can be so high uh that align:start position:0% monopolization can be so high uh that it's<01:19:45.320> really<01:19:45.520> not<01:19:45.679> a<01:19:46.159> good<01:19:46.400> idea<01:19:46.679> to<01:19:46.840> double align:start position:0% it's really not a good idea to double align:start position:0% it's really not a good idea to double down<01:19:47.440> on<01:19:47.679> that<01:19:48.280> um<01:19:48.440> I<01:19:48.480> mean<01:19:48.679> in<01:19:48.840> addition<01:19:49.120> to align:start position:0% down on that um I mean in addition to align:start position:0% down on that um I mean in addition to the<01:19:49.400> harms<01:19:49.719> that<01:19:49.880> we've<01:19:50.040> been<01:19:50.239> talking<01:19:50.600> about align:start position:0% the harms that we've been talking about align:start position:0% the harms that we've been talking about I<01:19:51.400> think<01:19:51.560> we're<01:19:51.800> also<01:19:52.080> seeing<01:19:52.679> the<01:19:53.520> resiliency align:start position:0% I think we're also seeing the resiliency align:start position:0% I think we're also seeing the resiliency cost align:start position:0% cost align:start position:0% cost that<01:19:55.280> can<01:19:55.480> come<01:19:55.679> with<01:19:55.840> centralization<01:19:56.760> right align:start position:0% that can come with centralization right align:start position:0% that can come with centralization right if<01:19:57.000> you're<01:19:57.360> centralizing<01:19:58.360> production<01:19:59.320> you align:start position:0% if you're centralizing production you align:start position:0% if you're centralizing production you can<01:19:59.679> also<01:19:59.920> be<01:20:00.120> centralizing<01:20:01.000> risk<01:20:01.840> so<01:20:02.040> that align:start position:0% can also be centralizing risk so that align:start position:0% can also be centralizing risk so that when<01:20:02.320> you<01:20:02.520> have<01:20:02.760> a<01:20:02.880> single<01:20:03.320> disruption<01:20:04.080> be<01:20:04.239> it align:start position:0% when you have a single disruption be it align:start position:0% when you have a single disruption be it a<01:20:04.520> natural<01:20:04.960> disaster<01:20:05.760> or<01:20:05.960> you<01:20:06.080> know<01:20:06.239> a align:start position:0% a natural disaster or you know a align:start position:0% a natural disaster or you know a contamination<01:20:07.080> in<01:20:07.239> a<01:20:07.440> factory<01:20:08.280> that<01:20:08.440> can<01:20:08.560> end align:start position:0% contamination in a factory that can end align:start position:0% contamination in a factory that can end up<01:20:08.880> having<01:20:09.239> cascading<01:20:09.920> effects<01:20:10.239> and<01:20:10.360> so<01:20:10.520> the align:start position:0% up having cascading effects and so the align:start position:0% up having cascading effects and so the whole<01:20:10.880> system<01:20:11.199> breaks<01:20:11.560> down<01:20:12.400> and<01:20:12.520> so<01:20:12.800> I<01:20:12.920> think align:start position:0% whole system breaks down and so I think align:start position:0% whole system breaks down and so I think uh<01:20:13.600> you<01:20:13.679> know<01:20:14.000> the<01:20:14.239> the<01:20:14.400> resiliency<01:20:15.120> risks<01:20:15.719> The align:start position:0% uh you know the the resiliency risks The align:start position:0% uh you know the the resiliency risks The Innovation<01:20:16.560> risks<01:20:17.440> um<01:20:17.600> of<01:20:17.719> some<01:20:17.840> of<01:20:17.960> the align:start position:0% Innovation risks um of some of the align:start position:0% Innovation risks um of some of the centralization<01:20:18.800> are<01:20:19.040> so<01:20:19.320> high<01:20:19.719> that<01:20:19.960> I<01:20:20.040> don't align:start position:0% centralization are so high that I don't align:start position:0% centralization are so high that I don't think<01:20:20.520> we<01:20:20.719> we<01:20:20.840> want<01:20:20.960> to<01:20:21.120> go align:start position:0% there<01:20:24.480> hi<01:20:24.760> hi<01:20:24.880> I'm<01:20:25.000> Emily<01:20:25.360> founder<01:20:25.639> of<01:20:25.800> clearly align:start position:0% there hi hi I'm Emily founder of clearly align:start position:0% there hi hi I'm Emily founder of clearly AI<01:20:26.520> we're<01:20:26.679> doing<01:20:26.960> security<01:20:27.280> and<01:20:27.440> privacy<01:20:27.800> from align:start position:0% AI we're doing security and privacy from align:start position:0% AI we're doing security and privacy from first<01:20:28.320> principles<01:20:29.000> so<01:20:29.239> I<01:20:29.320> had<01:20:29.480> a<01:20:29.639> question align:start position:0% first principles so I had a question align:start position:0% first principles so I had a question around<01:20:30.679> your<01:20:31.520> uh<01:20:31.679> role<01:20:32.239> to<01:20:32.679> protect<01:20:33.000> against align:start position:0% around your uh role to protect against align:start position:0% around your uh role to protect against deceptive<01:20:33.719> practices<01:20:34.199> in<01:20:34.360> consumer<01:20:34.800> privacy align:start position:0% deceptive practices in consumer privacy align:start position:0% deceptive practices in consumer privacy specifically<01:20:36.320> around<01:20:36.600> how<01:20:36.719> you're<01:20:36.920> thinking align:start position:0% specifically around how you're thinking align:start position:0% specifically around how you're thinking about<01:20:37.520> the<01:20:37.679> fact<01:20:37.880> that<01:20:38.280> today<01:20:38.719> it<01:20:38.840> is<01:20:39.000> a align:start position:0% about the fact that today it is a align:start position:0% about the fact that today it is a default<01:20:40.000> opin<01:20:40.520> world<01:20:41.360> for<01:20:41.600> training<01:20:42.199> on<01:20:42.480> your align:start position:0% default opin world for training on your align:start position:0% default opin world for training on your data<01:20:43.280> and<01:20:43.600> specifically<01:20:44.159> thinking<01:20:44.560> around align:start position:0% data and specifically thinking around align:start position:0% data and specifically thinking around Slack's<01:20:45.760> announcement<01:20:46.320> to<01:20:46.560> default<01:20:47.080> opt-in align:start position:0% Slack's announcement to default opt-in align:start position:0% Slack's announcement to default opt-in everyone<01:20:48.239> to<01:20:48.440> train<01:20:48.800> on<01:20:48.960> your<01:20:49.120> slack align:start position:0% everyone to train on your slack align:start position:0% everyone to train on your slack conversations<01:20:50.239> and<01:20:50.320> you<01:20:50.440> have<01:20:50.560> to<01:20:50.760> email<01:20:51.080> an align:start position:0% conversations and you have to email an align:start position:0% conversations and you have to email an archaic<01:20:51.800> email<01:20:52.199> in<01:20:52.280> order<01:20:52.520> to<01:20:52.679> opt<01:20:52.960> out<01:20:53.639> how<01:20:53.760> is align:start position:0% archaic email in order to opt out how is align:start position:0% archaic email in order to opt out how is the<01:20:53.960> FTC<01:20:54.360> thinking<01:20:54.880> about<01:20:55.199> that<01:20:55.440> versus align:start position:0% the FTC thinking about that versus align:start position:0% the FTC thinking about that versus switching<01:20:56.760> over<01:20:56.960> to<01:20:57.120> a<01:20:57.239> default<01:20:57.600> opt<01:20:57.840> out align:start position:0% switching over to a default opt out align:start position:0% switching over to a default opt out world<01:20:59.840> yeah<01:20:59.960> it's<01:21:00.120> a<01:21:00.440> really<01:21:00.800> really align:start position:0% world yeah it's a really really align:start position:0% world yeah it's a really really important<01:21:01.760> question<01:21:02.120> and<01:21:02.280> one<01:21:02.480> that<01:21:02.639> we've align:start position:0% important question and one that we've align:start position:0% important question and one that we've been<01:21:02.960> grappling<01:21:03.639> with<01:21:04.639> um<01:21:04.800> a<01:21:04.880> few<01:21:05.040> months<01:21:05.280> ago align:start position:0% been grappling with um a few months ago align:start position:0% been grappling with um a few months ago we<01:21:05.760> actually<01:21:06.000> did<01:21:06.199> a<01:21:06.360> round<01:21:06.679> table<01:21:07.080> with<01:21:07.239> a align:start position:0% we actually did a round table with a align:start position:0% we actually did a round table with a bunch<01:21:07.560> of<01:21:07.920> creators<01:21:08.920> uh<01:21:09.040> people<01:21:09.320> across<01:21:09.679> the align:start position:0% bunch of creators uh people across the align:start position:0% bunch of creators uh people across the creative<01:21:10.320> professions<01:21:11.120> from<01:21:11.440> authors<01:21:11.920> to align:start position:0% creative professions from authors to align:start position:0% creative professions from authors to graphic<01:21:12.480> artists<01:21:13.000> to<01:21:13.199> fashion<01:21:13.520> models<01:21:14.480> um align:start position:0% graphic artists to fashion models um align:start position:0% graphic artists to fashion models um people<01:21:14.920> who<01:21:15.040> have<01:21:15.239> seen<01:21:15.760> that<01:21:16.000> you<01:21:16.120> know<01:21:16.400> they align:start position:0% people who have seen that you know they align:start position:0% people who have seen that you know they wake<01:21:16.719> up<01:21:16.920> one<01:21:17.120> day<01:21:17.280> and<01:21:17.560> overnight<01:21:18.040> their align:start position:0% wake up one day and overnight their align:start position:0% wake up one day and overnight their life's<01:21:18.639> work<01:21:18.960> has<01:21:19.120> been<01:21:19.679> by<01:21:19.880> default<01:21:20.360> fed<01:21:20.639> into align:start position:0% life's work has been by default fed into align:start position:0% life's work has been by default fed into some<01:21:21.040> of<01:21:21.199> these<01:21:21.360> models<01:21:21.840> and<01:21:22.000> in<01:21:22.159> some<01:21:22.400> cases align:start position:0% some of these models and in some cases align:start position:0% some of these models and in some cases is<01:21:22.880> now<01:21:23.080> being<01:21:23.320> used<01:21:23.639> to<01:21:23.800> compete<01:21:24.120> with<01:21:24.280> them align:start position:0% is now being used to compete with them align:start position:0% is now being used to compete with them without<01:21:25.000> their<01:21:25.239> permission<01:21:25.760> and<01:21:25.880> so<01:21:26.360> one<01:21:26.480> of align:start position:0% without their permission and so one of align:start position:0% without their permission and so one of the<01:21:26.760> big<01:21:27.000> issues<01:21:27.320> that<01:21:27.520> they<01:21:27.719> flagged<01:21:28.199> is<01:21:28.360> that align:start position:0% the big issues that they flagged is that align:start position:0% the big issues that they flagged is that all<01:21:29.239> of<01:21:29.400> this<01:21:29.639> has<01:21:29.760> been<01:21:30.040> an<01:21:30.239> opt<01:21:30.480> out<01:21:30.719> model align:start position:0% all of this has been an opt out model align:start position:0% all of this has been an opt out model rather<01:21:31.360> than<01:21:31.520> an<01:21:31.679> opt-in<01:21:32.080> model<01:21:32.560> in<01:21:32.719> addition align:start position:0% rather than an opt-in model in addition align:start position:0% rather than an opt-in model in addition to<01:21:33.440> you<01:21:33.520> know<01:21:33.679> the<01:21:33.840> lack<01:21:34.040> of<01:21:34.199> compensation<01:21:34.840> and align:start position:0% to you know the lack of compensation and align:start position:0% to you know the lack of compensation and that<01:21:35.199> that<01:21:35.520> they<01:21:35.639> think<01:21:35.920> fundamentally<01:21:36.520> needs align:start position:0% that that they think fundamentally needs align:start position:0% that that they think fundamentally needs to<01:21:37.120> change<01:21:38.120> um<01:21:38.440> we've<01:21:38.679> put<01:21:38.880> out<01:21:39.080> some<01:21:39.560> notice align:start position:0% to change um we've put out some notice align:start position:0% to change um we've put out some notice for<01:21:40.600> for<01:21:40.840> firms<01:21:41.360> about<01:21:41.840> instances<01:21:42.440> in<01:21:42.679> which align:start position:0% for for firms about instances in which align:start position:0% for for firms about instances in which overnight<01:21:44.360> changing<01:21:44.880> your<01:21:45.159> privacy<01:21:45.679> policies align:start position:0% overnight changing your privacy policies align:start position:0% overnight changing your privacy policies so<01:21:46.560> that<01:21:46.800> by<01:21:47.040> default<01:21:47.679> firms<01:21:48.000> are<01:21:48.159> opted<01:21:48.639> into align:start position:0% so that by default firms are opted into align:start position:0% so that by default firms are opted into that<01:21:49.159> or<01:21:49.360> people<01:21:49.560> are<01:21:49.760> opted<01:21:50.120> into<01:21:50.440> that align:start position:0% that or people are opted into that align:start position:0% that or people are opted into that scraping<01:21:51.760> um<01:21:52.080> could<01:21:52.280> potentially<01:21:52.760> be<01:21:52.960> illegal align:start position:0% scraping um could potentially be illegal align:start position:0% scraping um could potentially be illegal in<01:21:53.639> some<01:21:53.880> cases<01:21:54.159> you<01:21:54.320> really<01:21:54.800> can't<01:21:55.320> mislead align:start position:0% in some cases you really can't mislead align:start position:0% in some cases you really can't mislead people<01:21:56.480> you<01:21:56.600> shouldn't<01:21:57.040> make<01:21:57.159> it align:start position:0% people you shouldn't make it align:start position:0% people you shouldn't make it extraordinarily<01:21:58.400> difficult<01:21:58.560> to<01:21:58.800> exercise align:start position:0% extraordinarily difficult to exercise align:start position:0% extraordinarily difficult to exercise the<01:21:59.560> choice<01:21:59.920> to<01:22:00.239> actually<01:22:00.679> opt<01:22:01.040> out<01:22:02.040> um<01:22:02.360> and<01:22:02.560> so align:start position:0% the choice to actually opt out um and so align:start position:0% the choice to actually opt out um and so that's<01:22:02.840> something<01:22:03.159> we're<01:22:03.400> we're<01:22:03.560> tracking align:start position:0% that's something we're we're tracking align:start position:0% that's something we're we're tracking closely<01:22:05.440> hi<01:22:05.639> there<01:22:05.840> my<01:22:05.960> name<01:22:06.080> is<01:22:06.199> nikelle<01:22:06.920> I'm align:start position:0% closely hi there my name is nikelle I'm align:start position:0% closely hi there my name is nikelle I'm founder<01:22:07.440> of<01:22:07.520> a<01:22:07.679> company<01:22:07.960> called<01:22:08.120> rescript<01:22:08.600> in align:start position:0% founder of a company called rescript in align:start position:0% founder of a company called rescript in the<01:22:08.800> current<01:22:09.159> batch<01:22:10.159> uh<01:22:10.280> I'm<01:22:10.400> wondering<01:22:10.760> if align:start position:0% the current batch uh I'm wondering if align:start position:0% the current batch uh I'm wondering if you<01:22:10.960> could<01:22:11.120> talk<01:22:11.320> a<01:22:11.440> little<01:22:11.679> bit<01:22:11.960> about<01:22:12.840> um<01:22:13.120> the align:start position:0% you could talk a little bit about um the align:start position:0% you could talk a little bit about um the overturning<01:22:13.920> of<01:22:14.040> the<01:22:14.159> chevron<01:22:14.760> case<01:22:15.000> and<01:22:15.199> what align:start position:0% overturning of the chevron case and what align:start position:0% overturning of the chevron case and what that<01:22:15.560> means<01:22:15.920> for<01:22:16.800> companies<01:22:17.480> who<01:22:17.960> have<01:22:18.080> to<01:22:18.280> now align:start position:0% that means for companies who have to now align:start position:0% that means for companies who have to now I<01:22:19.000> don't<01:22:19.159> know<01:22:19.320> comply<01:22:19.679> with<01:22:19.800> the<01:22:19.960> different align:start position:0% I don't know comply with the different align:start position:0% I don't know comply with the different sort<01:22:20.480> of<01:22:20.639> regulatory<01:22:21.400> environment<01:22:22.400> good align:start position:0% sort of regulatory environment good align:start position:0% sort of regulatory environment good question<01:22:23.000> I<01:22:23.080> wasn't<01:22:23.400> expecting<01:22:23.880> a<01:22:24.040> a<01:22:24.120> supreme align:start position:0% question I wasn't expecting a a supreme align:start position:0% question I wasn't expecting a a supreme Court<01:22:25.280> uh<01:22:25.600> Juris<01:22:25.920> Prudence<01:22:26.320> question<01:22:26.600> here align:start position:0% Court uh Juris Prudence question here align:start position:0% Court uh Juris Prudence question here but<01:22:26.920> I<01:22:27.120> I<01:22:27.199> love<01:22:27.400> it<01:22:27.880> um<01:22:28.880> you<01:22:29.000> know<01:22:29.480> this<01:22:29.679> is align:start position:0% but I I love it um you know this is align:start position:0% but I I love it um you know this is definitely<01:22:30.440> a<01:22:30.560> moment<01:22:30.920> where<01:22:31.080> we<01:22:31.239> are<01:22:31.400> seeing align:start position:0% definitely a moment where we are seeing align:start position:0% definitely a moment where we are seeing courts<01:22:33.040> uh<01:22:33.199> revisit<01:22:33.920> some<01:22:34.679> you<01:22:34.800> know<01:22:35.000> key align:start position:0% courts uh revisit some you know key align:start position:0% courts uh revisit some you know key principles<01:22:35.760> that<01:22:35.880> had<01:22:36.080> been<01:22:36.239> in<01:22:36.440> place<01:22:36.679> for align:start position:0% principles that had been in place for align:start position:0% principles that had been in place for many<01:22:37.280> decades<01:22:37.800> and<01:22:38.000> so<01:22:39.000> uh<01:22:39.280> you<01:22:39.400> know<01:22:39.639> it's align:start position:0% many decades and so uh you know it's align:start position:0% many decades and so uh you know it's it's<01:22:40.040> been<01:22:40.199> a<01:22:40.280> moment<01:22:40.679> of<01:22:40.960> uncertainty<01:22:41.639> and align:start position:0% it's been a moment of uncertainty and align:start position:0% it's been a moment of uncertainty and some<01:22:42.080> destabilization<01:22:43.080> even<01:22:43.280> for<01:22:43.480> government align:start position:0% some destabilization even for government align:start position:0% some destabilization even for government agencies<01:22:44.480> as<01:22:44.639> we<01:22:44.800> wait<01:22:45.000> to<01:22:45.199> see<01:22:46.000> how<01:22:46.199> the<01:22:46.320> court align:start position:0% agencies as we wait to see how the court align:start position:0% agencies as we wait to see how the court rules<01:22:46.960> on<01:22:47.159> some<01:22:47.400> pretty<01:22:47.639> foundational align:start position:0% rules on some pretty foundational align:start position:0% rules on some pretty foundational questions<01:22:49.360> you<01:22:49.480> know<01:22:49.560> in<01:22:49.639> the<01:22:49.719> Chevron align:start position:0% questions you know in the Chevron align:start position:0% questions you know in the Chevron context<01:22:50.679> in<01:22:50.880> particular<01:22:51.400> the<01:22:51.520> court<01:22:51.760> has align:start position:0% context in particular the court has align:start position:0% context in particular the court has basically<01:22:52.400> said<01:22:52.840> that<01:22:53.400> even<01:22:53.639> when<01:22:53.800> a<01:22:54.000> statute align:start position:0% basically said that even when a statute align:start position:0% basically said that even when a statute is<01:22:55.280> ambiguous<01:22:56.280> um<01:22:56.600> the<01:22:56.719> courts<01:22:57.040> should<01:22:57.239> not align:start position:0% is ambiguous um the courts should not align:start position:0% is ambiguous um the courts should not necessarily<01:22:58.120> defer<01:22:58.679> to<01:22:58.880> the<01:22:59.080> agency's align:start position:0% necessarily defer to the agency's align:start position:0% necessarily defer to the agency's interpretation<01:23:00.440> of<01:23:00.600> that<01:23:00.800> ambiguity<01:23:01.719> um<01:23:01.880> and align:start position:0% interpretation of that ambiguity um and align:start position:0% interpretation of that ambiguity um and the<01:23:02.120> courts<01:23:02.600> really<01:23:03.040> are<01:23:03.239> the<01:23:03.360> ones<01:23:03.560> that align:start position:0% the courts really are the ones that align:start position:0% the courts really are the ones that should<01:23:03.840> be<01:23:03.960> in<01:23:04.080> the<01:23:04.159> driver's<01:23:04.560> seat<01:23:04.840> and align:start position:0% should be in the driver's seat and align:start position:0% should be in the driver's seat and figuring<01:23:05.520> out<01:23:05.719> what<01:23:05.840> the<01:23:05.960> law<01:23:06.159> says<01:23:06.400> and<01:23:06.520> means align:start position:0% figuring out what the law says and means align:start position:0% figuring out what the law says and means so<01:23:07.280> you<01:23:07.400> know<01:23:07.600> generally<01:23:08.120> there's<01:23:08.400> much<01:23:08.600> more align:start position:0% so you know generally there's much more align:start position:0% so you know generally there's much more um<01:23:09.480> skepticism<01:23:10.280> of<01:23:10.480> administrative<01:23:11.159> agencies align:start position:0% um skepticism of administrative agencies align:start position:0% um skepticism of administrative agencies and<01:23:12.239> kind<01:23:12.360> of<01:23:12.679> just<01:23:12.880> deferring<01:23:13.320> to<01:23:13.520> that align:start position:0% and kind of just deferring to that align:start position:0% and kind of just deferring to that expertise<01:23:15.239> um<01:23:15.520> in<01:23:15.800> practice<01:23:16.320> you<01:23:16.480> know<01:23:17.120> uh align:start position:0% expertise um in practice you know uh align:start position:0% expertise um in practice you know uh importantly<01:23:18.080> though<01:23:18.239> the<01:23:18.360> court<01:23:18.719> also<01:23:19.080> said align:start position:0% importantly though the court also said align:start position:0% importantly though the court also said that<01:23:20.360> although<01:23:20.719> we<01:23:20.840> are<01:23:21.120> overturning<01:23:21.760> Chevron align:start position:0% that although we are overturning Chevron align:start position:0% that although we are overturning Chevron that<01:23:22.760> doesn't<01:23:23.040> mean<01:23:23.239> it's<01:23:23.440> open<01:23:23.760> season<01:23:24.120> to align:start position:0% that doesn't mean it's open season to align:start position:0% that doesn't mean it's open season to revisit<01:23:25.000> all<01:23:25.120> of<01:23:25.320> these<01:23:25.560> previous<01:23:26.040> decisions align:start position:0% revisit all of these previous decisions align:start position:0% revisit all of these previous decisions that<01:23:26.719> relied<01:23:27.120> on<01:23:27.280> Chevron<01:23:27.840> so<01:23:28.000> they're<01:23:28.320> kind align:start position:0% that relied on Chevron so they're kind align:start position:0% that relied on Chevron so they're kind of<01:23:28.840> limiting<01:23:29.360> the<01:23:29.520> potential align:start position:0% of limiting the potential align:start position:0% of limiting the potential destabilization<01:23:31.040> of<01:23:31.360> of<01:23:31.679> of<01:23:31.920> that<01:23:32.920> um<01:23:33.480> but align:start position:0% destabilization of of of that um but align:start position:0% destabilization of of of that um but it's<01:23:33.760> something<01:23:34.080> you<01:23:34.199> know<01:23:34.360> we're<01:23:34.520> following align:start position:0% it's something you know we're following align:start position:0% it's something you know we're following closely<01:23:36.040> uh<01:23:36.199> we<01:23:36.360> think<01:23:36.760> everything<01:23:37.040> we're align:start position:0% closely uh we think everything we're align:start position:0% closely uh we think everything we're doing<01:23:37.480> is<01:23:37.639> already<01:23:37.960> in<01:23:38.159> compliance<01:23:38.679> with align:start position:0% doing is already in compliance with align:start position:0% doing is already in compliance with these<01:23:39.360> uh<01:23:39.719> with<01:23:39.880> these<01:23:40.040> new<01:23:40.159> rulings<01:23:40.800> but<01:23:40.960> it's align:start position:0% these uh with these new rulings but it's align:start position:0% these uh with these new rulings but it's definitely<01:23:42.280> a<01:23:42.639> evolving<01:23:43.280> landscape<01:23:44.239> um<01:23:44.400> there align:start position:0% definitely a evolving landscape um there align:start position:0% definitely a evolving landscape um there going<01:23:44.639> to<01:23:44.760> be<01:23:44.920> some<01:23:45.239> you<01:23:45.360> know<01:23:45.560> big<01:23:45.760> decisions align:start position:0% going to be some you know big decisions align:start position:0% going to be some you know big decisions teed<01:23:46.639> up<01:23:46.800> for<01:23:46.960> the<01:23:47.080> court<01:23:47.679> next<01:23:47.920> term<01:23:48.239> as<01:23:48.360> well align:start position:0% teed up for the court next term as well align:start position:0% teed up for the court next term as well that<01:23:48.760> we're<01:23:48.920> going<01:23:49.000> to<01:23:49.120> be<01:23:49.239> following<01:23:49.679> closely align:start position:0% that we're going to be following closely align:start position:0% that we're going to be following closely and<01:23:50.400> so<01:23:51.199> uh<01:23:51.360> you<01:23:51.480> have<01:23:51.600> to<01:23:51.880> kind<01:23:52.000> of<01:23:52.080> stay align:start position:0% and so uh you have to kind of stay align:start position:0% and so uh you have to kind of stay Nimble<01:23:52.760> and<01:23:52.960> and<01:23:53.080> see<01:23:53.239> where<01:23:53.440> things<01:23:53.639> land align:start position:0% Nimble and and see where things land align:start position:0% Nimble and and see where things land good<01:23:55.320> afternoon<01:23:55.760> thank<01:23:55.880> you<01:23:56.000> very<01:23:56.159> much<01:23:56.320> for align:start position:0% good afternoon thank you very much for align:start position:0% good afternoon thank you very much for sharing<01:23:56.800> your<01:23:57.040> insights<01:23:57.800> we're<01:23:57.920> not<01:23:58.080> a align:start position:0% sharing your insights we're not a align:start position:0% sharing your insights we're not a Founder<01:23:58.800> I'm<01:23:59.120> I'm<01:23:59.440> representing<01:23:59.880> the align:start position:0% Founder I'm I'm representing the align:start position:0% Founder I'm I'm representing the European<01:24:00.400> Union<01:24:01.239> here<01:24:01.400> on<01:24:01.560> the<01:24:01.679> US<01:24:01.960> West<01:24:02.199> Coast align:start position:0% European Union here on the US West Coast align:start position:0% European Union here on the US West Coast my<01:24:02.600> name<01:24:02.719> is<01:24:02.880> k<01:24:03.639> so<01:24:03.760> we're<01:24:04.239> innovating<01:24:04.719> a<01:24:04.840> lot align:start position:0% my name is k so we're innovating a lot align:start position:0% my name is k so we're innovating a lot in<01:24:05.199> regulation<01:24:05.800> but<01:24:05.960> not<01:24:06.239> unfortunately<01:24:06.800> so align:start position:0% in regulation but not unfortunately so align:start position:0% in regulation but not unfortunately so much<01:24:07.280> in<01:24:08.040> Ai<01:24:08.480> and<01:24:08.639> and<01:24:08.760> these<01:24:08.960> other<01:24:09.159> things align:start position:0% much in Ai and and these other things align:start position:0% much in Ai and and these other things but<01:24:09.600> I<01:24:09.760> I<01:24:09.840> mean<01:24:10.040> my<01:24:10.159> question<01:24:10.520> and<01:24:10.679> thank<01:24:10.840> you align:start position:0% but I I mean my question and thank you align:start position:0% but I I mean my question and thank you for<01:24:11.080> your<01:24:11.239> leadership<01:24:11.719> and<01:24:11.880> also<01:24:12.040> for<01:24:12.159> the align:start position:0% for your leadership and also for the align:start position:0% for your leadership and also for the very<01:24:12.480> close<01:24:12.719> cooperation<01:24:13.320> between<01:24:13.600> the<01:24:13.679> FDC align:start position:0% very close cooperation between the FDC align:start position:0% very close cooperation between the FDC and<01:24:14.440> particularly<01:24:15.000> I<01:24:15.080> mean<01:24:15.639> DG<01:24:16.040> competition align:start position:0% and particularly I mean DG competition align:start position:0% and particularly I mean DG competition and<01:24:16.719> increasingly<01:24:17.199> also<01:24:17.400> DG<01:24:18.320> connect<01:24:19.320> I<01:24:19.400> mean align:start position:0% and increasingly also DG connect I mean align:start position:0% and increasingly also DG connect I mean you<01:24:19.679> mentioned<01:24:20.040> the<01:24:20.199> philosophy<01:24:21.000> openness align:start position:0% you mentioned the philosophy openness align:start position:0% you mentioned the philosophy openness you<01:24:21.639> also<01:24:21.880> said<01:24:22.080> it<01:24:22.480> can<01:24:22.679> take<01:24:23.000> time<01:24:23.320> and<01:24:23.480> then align:start position:0% you also said it can take time and then align:start position:0% you also said it can take time and then there's<01:24:23.880> four<01:24:24.440> on<01:24:24.760> like<01:24:24.960> Innovation<01:24:25.679> and<01:24:26.320> I align:start position:0% there's four on like Innovation and I align:start position:0% there's four on like Innovation and I mean<01:24:26.560> we<01:24:26.679> had<01:24:26.840> the<01:24:26.960> same<01:24:27.239> analysis<01:24:27.719> in<01:24:27.880> the align:start position:0% mean we had the same analysis in the align:start position:0% mean we had the same analysis in the European<01:24:28.639> commission<01:24:29.120> European<01:24:29.480> union<01:24:29.800> and align:start position:0% European commission European union and align:start position:0% European commission European union and we<01:24:30.080> came<01:24:30.199> to<01:24:30.360> the<01:24:30.480> conclusion<01:24:30.880> we<01:24:30.960> needed<01:24:31.239> an align:start position:0% we came to the conclusion we needed an align:start position:0% we came to the conclusion we needed an additional<01:24:31.960> tool<01:24:32.639> in<01:24:32.760> our<01:24:32.960> toolbox<01:24:33.480> an<01:24:33.679> exante align:start position:0% additional tool in our toolbox an exante align:start position:0% additional tool in our toolbox an exante tool<01:24:34.639> and<01:24:34.800> we<01:24:34.880> couldn't<01:24:35.159> just<01:24:35.320> rely<01:24:35.639> on<01:24:35.840> expost align:start position:0% tool and we couldn't just rely on expost align:start position:0% tool and we couldn't just rely on expost because<01:24:36.679> it<01:24:36.800> was<01:24:37.239> taking<01:24:37.800> sometimes<01:24:38.040> too<01:24:38.239> long align:start position:0% because it was taking sometimes too long align:start position:0% because it was taking sometimes too long and<01:24:38.719> it<01:24:38.800> was<01:24:39.040> Case<01:24:39.280> by<01:24:39.560> case<01:24:39.920> and<01:24:40.560> by<01:24:40.719> the<01:24:40.880> time align:start position:0% and it was Case by case and by the time align:start position:0% and it was Case by case and by the time that<01:24:41.320> the<01:24:41.600> case<01:24:41.840> was<01:24:42.000> resolved<01:24:42.440> the align:start position:0% that the case was resolved the align:start position:0% that the case was resolved the challenges<01:24:43.119> was<01:24:43.400> were<01:24:43.679> dead<01:24:44.639> and<01:24:44.719> so<01:24:44.920> we<01:24:45.000> have align:start position:0% challenges was were dead and so we have align:start position:0% challenges was were dead and so we have the<01:24:45.280> digital<01:24:45.639> markets<01:24:46.040> act<01:24:46.320> it's<01:24:46.480> still align:start position:0% the digital markets act it's still align:start position:0% the digital markets act it's still relatively<01:24:47.280> recent<01:24:47.719> it's<01:24:47.880> a<01:24:48.000> couple<01:24:48.199> of align:start position:0% relatively recent it's a couple of align:start position:0% relatively recent it's a couple of months<01:24:48.560> four<01:24:48.880> five<01:24:49.119> months<01:24:49.480> but<01:24:49.880> my<01:24:50.119> question align:start position:0% months four five months but my question align:start position:0% months four five months but my question to<01:24:50.560> you<01:24:50.719> is<01:24:50.880> do<01:24:51.000> you<01:24:51.119> think<01:24:51.280> the<01:24:51.440> US<01:24:51.760> should align:start position:0% to you is do you think the US should align:start position:0% to you is do you think the US should kind<01:24:52.440> of<01:24:53.280> needs<01:24:53.920> a<01:24:54.040> dit<01:24:54.600> markets<01:24:54.920> act<01:24:55.159> would align:start position:0% kind of needs a dit markets act would align:start position:0% kind of needs a dit markets act would you<01:24:55.400> be<01:24:55.520> in<01:24:55.639> favor<01:24:55.880> of<01:24:56.000> a<01:24:56.119> digital<01:24:56.440> markets<01:24:56.800> Act align:start position:0% you be in favor of a digital markets Act align:start position:0% you be in favor of a digital markets Act of<01:24:57.280> exante<01:24:57.840> to<01:24:58.000> give<01:24:58.199> yourself<01:24:58.600> more<01:24:59.320> margin align:start position:0% of exante to give yourself more margin align:start position:0% of exante to give yourself more margin of align:start position:0% of align:start position:0% of maneuver<01:25:01.480> I<01:25:01.520> mean<01:25:01.679> I<01:25:01.800> defer<01:25:02.080> to<01:25:02.360> Congress<01:25:02.840> on align:start position:0% maneuver I mean I defer to Congress on align:start position:0% maneuver I mean I defer to Congress on on<01:25:03.400> those<01:25:03.600> issues<01:25:03.960> they're<01:25:04.199> really<01:25:04.560> the<01:25:04.800> the align:start position:0% on those issues they're really the the align:start position:0% on those issues they're really the the key<01:25:05.199> players<01:25:05.600> to<01:25:05.800> figure<01:25:06.080> out<01:25:06.440> what align:start position:0% key players to figure out what align:start position:0% key players to figure out what additional<01:25:07.159> laws<01:25:07.440> are<01:25:07.639> needed<01:25:08.119> we're<01:25:08.360> really align:start position:0% additional laws are needed we're really align:start position:0% additional laws are needed we're really charged<01:25:09.040> with<01:25:09.239> using<01:25:09.560> the<01:25:09.719> existing<01:25:10.080> laws<01:25:10.400> and align:start position:0% charged with using the existing laws and align:start position:0% charged with using the existing laws and tools<01:25:10.880> that<01:25:11.119> exist<01:25:12.119> um<01:25:12.360> it<01:25:12.480> is<01:25:12.639> a<01:25:12.840> very<01:25:13.360> you align:start position:0% tools that exist um it is a very you align:start position:0% tools that exist um it is a very you know<01:25:13.719> interesting<01:25:14.560> moment<01:25:14.960> for<01:25:15.440> ideas<01:25:15.920> about align:start position:0% know interesting moment for ideas about align:start position:0% know interesting moment for ideas about what<01:25:16.360> to<01:25:16.520> do<01:25:16.840> here<01:25:17.119> if<01:25:17.320> anything<01:25:18.280> one<01:25:18.600> concern align:start position:0% what to do here if anything one concern align:start position:0% what to do here if anything one concern and<01:25:19.719> question<01:25:20.080> that<01:25:20.199> I've<01:25:20.360> heard<01:25:20.760> from<01:25:21.119> some align:start position:0% and question that I've heard from some align:start position:0% and question that I've heard from some including<01:25:21.760> in<01:25:21.880> the<01:25:22.000> tech<01:25:22.280> world<01:25:22.800> is<01:25:23.679> when<01:25:23.840> you align:start position:0% including in the tech world is when you align:start position:0% including in the tech world is when you have<01:25:24.400> companies<01:25:24.880> that<01:25:25.000> are<01:25:25.239> vertically align:start position:0% have companies that are vertically align:start position:0% have companies that are vertically integrated<01:25:26.679> across<01:25:27.119> the<01:25:27.320> entire<01:25:27.800> stack align:start position:0% integrated across the entire stack align:start position:0% integrated across the entire stack including<01:25:29.360> with<01:25:29.560> layers<01:25:30.199> that<01:25:30.320> are<01:25:30.679> essential align:start position:0% including with layers that are essential align:start position:0% including with layers that are essential inputs<01:25:31.719> for<01:25:32.040> Downstream<01:25:32.639> players<01:25:33.560> does<01:25:33.800> that align:start position:0% inputs for Downstream players does that align:start position:0% inputs for Downstream players does that create<01:25:34.440> a<01:25:34.600> core<01:25:34.960> conflict<01:25:35.360> of<01:25:35.560> interest<01:25:36.480> like align:start position:0% create a core conflict of interest like align:start position:0% create a core conflict of interest like if<01:25:36.719> you<01:25:36.840> are<01:25:37.239> dependent<01:25:37.800> on<01:25:37.960> a<01:25:38.119> firm<01:25:38.760> that<01:25:38.880> is align:start position:0% if you are dependent on a firm that is align:start position:0% if you are dependent on a firm that is also<01:25:39.440> now<01:25:39.639> becoming<01:25:40.000> your<01:25:40.199> biggest align:start position:0% also now becoming your biggest align:start position:0% also now becoming your biggest competitor<01:25:41.760> like<01:25:41.960> how<01:25:42.080> does<01:25:42.360> competition align:start position:0% competitor like how does competition align:start position:0% competitor like how does competition really<01:25:43.159> work<01:25:43.520> there<01:25:43.760> and<01:25:43.880> I<01:25:43.960> think<01:25:44.159> that's<01:25:44.360> an align:start position:0% really work there and I think that's an align:start position:0% really work there and I think that's an important<01:25:45.320> question<01:25:46.320> um<01:25:46.600> historically<01:25:47.400> there align:start position:0% important question um historically there align:start position:0% important question um historically there have<01:25:47.719> been<01:25:47.960> markets<01:25:48.480> in<01:25:48.639> the<01:25:48.760> United<01:25:49.199> States align:start position:0% have been markets in the United States align:start position:0% have been markets in the United States where<01:25:49.920> lawmakers<01:25:50.639> said<01:25:51.360> there<01:25:51.560> have<01:25:51.719> to<01:25:51.880> be align:start position:0% where lawmakers said there have to be align:start position:0% where lawmakers said there have to be some<01:25:52.360> structural<01:25:53.080> separations<01:25:54.080> and<01:25:54.400> so<01:25:54.600> if align:start position:0% some structural separations and so if align:start position:0% some structural separations and so if you<01:25:54.840> own<01:25:55.119> the<01:25:55.360> railroads<01:25:56.360> you<01:25:56.560> cannot<01:25:57.080> also align:start position:0% you own the railroads you cannot also align:start position:0% you own the railroads you cannot also own<01:25:57.800> the<01:25:57.960> coal<01:25:58.239> mines<01:25:58.760> because<01:25:59.000> there's<01:25:59.199> going align:start position:0% own the coal mines because there's going align:start position:0% own the coal mines because there's going to<01:25:59.440> be<01:25:59.560> a<01:25:59.719> risk<01:26:00.040> that<01:26:00.199> the<01:26:00.320> railroad<01:26:00.960> will<01:26:01.159> only align:start position:0% to be a risk that the railroad will only align:start position:0% to be a risk that the railroad will only transport<01:26:02.080> their<01:26:02.280> own<01:26:02.560> coal<01:26:03.239> and<01:26:03.400> not<01:26:03.600> of<01:26:03.760> The align:start position:0% transport their own coal and not of The align:start position:0% transport their own coal and not of The Independents<01:26:04.480> and<01:26:04.600> then<01:26:04.719> The<01:26:04.840> Independents align:start position:0% Independents and then The Independents align:start position:0% Independents and then The Independents have<01:26:05.480> nowhere<01:26:05.760> to<01:26:05.920> go<01:26:06.600> right<01:26:06.840> similarly<01:26:07.360> in align:start position:0% have nowhere to go right similarly in align:start position:0% have nowhere to go right similarly in our<01:26:07.719> banking<01:26:08.119> laws<01:26:08.600> we<01:26:09.000> traditionally<01:26:09.560> had<01:26:09.719> a align:start position:0% our banking laws we traditionally had a align:start position:0% our banking laws we traditionally had a system<01:26:10.280> of<01:26:10.760> separating<01:26:11.440> banking<01:26:11.800> from align:start position:0% system of separating banking from align:start position:0% system of separating banking from Commerce<01:26:12.960> because<01:26:13.119> you<01:26:13.239> didn't<01:26:13.520> want<01:26:13.840> the align:start position:0% Commerce because you didn't want the align:start position:0% Commerce because you didn't want the companies<01:26:14.600> that<01:26:14.760> control<01:26:15.199> the<01:26:15.360> credit<01:26:15.679> Supply align:start position:0% companies that control the credit Supply align:start position:0% companies that control the credit Supply to<01:26:16.600> be<01:26:16.760> competing<01:26:17.199> with<01:26:17.360> all<01:26:17.480> the<01:26:17.600> companies align:start position:0% to be competing with all the companies align:start position:0% to be competing with all the companies that<01:26:18.199> depend<01:26:18.520> on<01:26:18.679> them<01:26:18.800> for<01:26:18.960> the<01:26:19.119> credit align:start position:0% that depend on them for the credit align:start position:0% that depend on them for the credit Supply<01:26:19.800> so<01:26:20.239> historically<01:26:20.960> we<01:26:21.159> have<01:26:21.520> had align:start position:0% Supply so historically we have had align:start position:0% Supply so historically we have had markets<01:26:22.199> where<01:26:22.360> we<01:26:22.560> recognize<01:26:23.520> that<01:26:23.679> certain align:start position:0% markets where we recognize that certain align:start position:0% markets where we recognize that certain players<01:26:25.080> played<01:26:25.520> such<01:26:25.679> a<01:26:26.320> foundational<01:26:27.199> role align:start position:0% players played such a foundational role align:start position:0% players played such a foundational role for<01:26:27.920> Downstream<01:26:28.600> economic<01:26:29.159> activity<01:26:30.000> that<01:26:30.159> we align:start position:0% for Downstream economic activity that we align:start position:0% for Downstream economic activity that we couldn't<01:26:30.719> risk<01:26:31.159> corrupting<01:26:31.719> the<01:26:31.880> incentives align:start position:0% couldn't risk corrupting the incentives align:start position:0% couldn't risk corrupting the incentives up<01:26:32.760> top<01:26:33.040> we<01:26:33.199> really<01:26:33.440> needed<01:26:33.719> to<01:26:33.880> keep<01:26:34.080> them align:start position:0% up top we really needed to keep them align:start position:0% up top we really needed to keep them neutral<01:26:34.600> in<01:26:34.719> a<01:26:34.840> certain<01:26:35.199> way<01:26:35.880> and<01:26:36.040> so<01:26:36.280> you<01:26:36.360> know align:start position:0% neutral in a certain way and so you know align:start position:0% neutral in a certain way and so you know that's<01:26:36.719> an<01:26:36.920> idea<01:26:37.560> that<01:26:37.719> I've<01:26:37.840> heard<01:26:38.119> in<01:26:38.320> in align:start position:0% that's an idea that I've heard in in align:start position:0% that's an idea that I've heard in in various<01:26:38.880> discussions<01:26:39.480> and<01:26:39.679> it<01:26:39.880> that<01:26:40.000> would<01:26:40.119> be align:start position:0% various discussions and it that would be align:start position:0% various discussions and it that would be clearly<01:26:40.800> something<01:26:41.119> that<01:26:41.239> would<01:26:41.400> need<01:26:41.560> to<01:26:41.679> be align:start position:0% clearly something that would need to be align:start position:0% clearly something that would need to be done<01:26:42.119> through<01:26:42.760> um<01:26:43.440> new<01:26:43.679> laws<01:26:44.119> and<01:26:44.239> so<01:26:44.360> it'll<01:26:44.560> be align:start position:0% done through um new laws and so it'll be align:start position:0% done through um new laws and so it'll be interesting<01:26:45.040> to<01:26:45.159> see<01:26:45.400> what align:start position:0% interesting to see what align:start position:0% interesting to see what happens<01:26:47.600> uh<01:26:47.880> hi<01:26:48.239> uh<01:26:48.360> my<01:26:48.480> name<01:26:48.560> is<01:26:48.719> Ben<01:26:49.080> I'm<01:26:49.239> the align:start position:0% happens uh hi uh my name is Ben I'm the align:start position:0% happens uh hi uh my name is Ben I'm the founder<01:26:49.800> of<01:26:49.920> a<01:26:50.040> company<01:26:50.520> called<01:26:50.719> K<01:26:50.960> scale<01:26:51.199> Labs align:start position:0% founder of a company called K scale Labs align:start position:0% founder of a company called K scale Labs Building<01:26:52.040> open<01:26:52.320> source<01:26:52.719> humanoid<01:26:53.199> robots<01:26:54.440> um align:start position:0% Building open source humanoid robots um align:start position:0% Building open source humanoid robots um I<01:26:54.760> was<01:26:54.920> wondering<01:26:55.440> about<01:26:56.159> um<01:26:57.080> basically<01:26:57.920> this align:start position:0% I was wondering about um basically this align:start position:0% I was wondering about um basically this is<01:26:58.159> more<01:26:58.520> like<01:26:59.080> like<01:26:59.600> soft<01:27:00.480> question<01:27:00.960> but<01:27:01.360> um align:start position:0% is more like like soft question but um align:start position:0% is more like like soft question but um there's<01:27:02.000> a<01:27:02.239> sense<01:27:02.480> that<01:27:02.800> like<01:27:03.480> I<01:27:03.560> feel<01:27:03.719> like<01:27:03.840> a align:start position:0% there's a sense that like I feel like a align:start position:0% there's a sense that like I feel like a lot<01:27:04.040> of<01:27:04.119> government<01:27:04.400> agencies<01:27:04.760> are<01:27:04.960> getting align:start position:0% lot of government agencies are getting align:start position:0% lot of government agencies are getting more<01:27:05.360> politicized<01:27:06.360> and<01:27:06.639> I<01:27:06.719> was<01:27:06.840> wondering<01:27:07.719> you align:start position:0% more politicized and I was wondering you align:start position:0% more politicized and I was wondering you know<01:27:08.719> I<01:27:09.040> I<01:27:09.119> kind<01:27:09.239> of<01:27:09.320> view<01:27:09.719> FDC<01:27:10.239> is<01:27:10.560> a<01:27:10.679> very align:start position:0% know I I kind of view FDC is a very align:start position:0% know I I kind of view FDC is a very important<01:27:11.639> um<01:27:11.960> sort<01:27:12.159> of<01:27:12.320> pillar<01:27:12.679> of<01:27:13.119> tech align:start position:0% important um sort of pillar of tech align:start position:0% important um sort of pillar of tech Innovation<01:27:14.560> I<01:27:14.600> was<01:27:14.719> wondering<01:27:15.080> how<01:27:15.199> you<01:27:15.320> think align:start position:0% Innovation I was wondering how you think align:start position:0% Innovation I was wondering how you think about<01:27:15.800> that<01:27:16.080> like<01:27:16.360> what's<01:27:16.520> it<01:27:16.679> like<01:27:16.800> in<01:27:16.960> DC align:start position:0% about that like what's it like in DC align:start position:0% about that like what's it like in DC like<01:27:17.840> how<01:27:17.920> do<01:27:18.040> you<01:27:18.199> make<01:27:18.320> sure<01:27:18.520> FDC<01:27:19.000> doesn't align:start position:0% like how do you make sure FDC doesn't align:start position:0% like how do you make sure FDC doesn't get<01:27:19.400> like align:start position:0% get like align:start position:0% get like defanged<01:27:21.280> it's<01:27:21.560> it's<01:27:21.639> a<01:27:21.800> really<01:27:22.000> interesting align:start position:0% defanged it's it's a really interesting align:start position:0% defanged it's it's a really interesting time<01:27:22.639> in<01:27:22.760> DC<01:27:23.320> because<01:27:23.679> we<01:27:23.800> are<01:27:24.239> seeing<01:27:24.800> as align:start position:0% time in DC because we are seeing as align:start position:0% time in DC because we are seeing as you're<01:27:25.280> noting<01:27:25.800> a<01:27:25.880> lot<01:27:26.040> of<01:27:26.199> kind<01:27:26.320> of align:start position:0% you're noting a lot of kind of align:start position:0% you're noting a lot of kind of disagreement<01:27:27.080> on<01:27:27.400> really<01:27:27.719> major<01:27:28.159> economic align:start position:0% disagreement on really major economic align:start position:0% disagreement on really major economic and<01:27:28.800> social<01:27:29.280> issues<01:27:30.280> but<01:27:30.440> on<01:27:30.679> issues<01:27:31.040> around align:start position:0% and social issues but on issues around align:start position:0% and social issues but on issues around antitrust<01:27:31.960> and<01:27:32.080> anti<01:27:32.360> Monopoly<01:27:33.320> we<01:27:33.440> are align:start position:0% antitrust and anti Monopoly we are align:start position:0% antitrust and anti Monopoly we are seeing<01:27:34.119> enormous<01:27:34.800> bipartisan<01:27:35.480> agreement align:start position:0% seeing enormous bipartisan agreement align:start position:0% seeing enormous bipartisan agreement that<01:27:36.719> we<01:27:36.880> really<01:27:37.080> need<01:27:37.239> to<01:27:37.440> double<01:27:37.760> down<01:27:38.119> on align:start position:0% that we really need to double down on align:start position:0% that we really need to double down on Fair<01:27:38.760> open<01:27:39.040> and<01:27:39.280> competition<01:27:40.080> uh<01:27:40.280> competitive align:start position:0% Fair open and competition uh competitive align:start position:0% Fair open and competition uh competitive markets<01:27:41.560> we<01:27:41.719> can't<01:27:42.000> just<01:27:42.159> seed<01:27:42.600> markets<01:27:43.119> to align:start position:0% markets we can't just seed markets to align:start position:0% markets we can't just seed markets to monopolies<01:27:44.239> that<01:27:44.360> can<01:27:44.560> pick<01:27:44.719> and<01:27:44.880> choose align:start position:0% monopolies that can pick and choose align:start position:0% monopolies that can pick and choose who's<01:27:45.480> winning<01:27:45.840> who's<01:27:46.400> losing<01:27:47.400> uh<01:27:47.600> and<01:27:47.760> you align:start position:0% who's winning who's losing uh and you align:start position:0% who's winning who's losing uh and you know<01:27:48.040> we<01:27:48.159> see<01:27:48.360> some<01:27:48.480> of<01:27:48.639> these<01:27:48.800> concerns<01:27:49.239> in align:start position:0% know we see some of these concerns in align:start position:0% know we see some of these concerns in the<01:27:49.520> tech<01:27:49.840> context<01:27:50.360> but<01:27:50.480> we<01:27:50.679> also<01:27:50.880> see<01:27:51.119> them<01:27:51.280> in align:start position:0% the tech context but we also see them in align:start position:0% the tech context but we also see them in the<01:27:51.600> context<01:27:52.080> of<01:27:52.320> our<01:27:52.560> agriculture<01:27:53.159> markets align:start position:0% the context of our agriculture markets align:start position:0% the context of our agriculture markets our<01:27:54.400> Healthcare<01:27:54.880> markets<01:27:55.880> uh<01:27:55.960> one<01:27:56.119> of<01:27:56.239> the align:start position:0% our Healthcare markets uh one of the align:start position:0% our Healthcare markets uh one of the biggest<01:27:56.760> areas<01:27:57.119> of<01:27:57.320> bipartisan<01:27:57.960> agreement align:start position:0% biggest areas of bipartisan agreement align:start position:0% biggest areas of bipartisan agreement with<01:27:58.679> the<01:27:58.840> ftc's<01:27:59.480> work<01:28:00.360> uh<01:28:00.480> is<01:28:00.719> concern<01:28:01.280> about align:start position:0% with the ftc's work uh is concern about align:start position:0% with the ftc's work uh is concern about whether<01:28:02.159> dominant<01:28:02.639> players<01:28:03.080> in<01:28:03.239> the align:start position:0% whether dominant players in the align:start position:0% whether dominant players in the pharmaceutical<01:28:04.119> supply<01:28:04.520> chain<01:28:05.199> could<01:28:05.360> be align:start position:0% pharmaceutical supply chain could be align:start position:0% pharmaceutical supply chain could be using<01:28:05.840> their<01:28:06.119> power<01:28:06.400> in<01:28:06.639> ways<01:28:06.960> that's align:start position:0% using their power in ways that's align:start position:0% using their power in ways that's inflating<01:28:07.920> drug<01:28:08.239> prices<01:28:08.600> for<01:28:08.840> Americans<01:28:09.679> but align:start position:0% inflating drug prices for Americans but align:start position:0% inflating drug prices for Americans but also<01:28:10.280> squeezing<01:28:10.800> Independent<01:28:11.400> Pharmacies align:start position:0% also squeezing Independent Pharmacies align:start position:0% also squeezing Independent Pharmacies and<01:28:12.159> hollowing<01:28:12.600> out<01:28:12.840> parts<01:28:13.040> of<01:28:13.199> Rural<01:28:13.600> America align:start position:0% and hollowing out parts of Rural America align:start position:0% and hollowing out parts of Rural America that<01:28:14.440> depend<01:28:14.760> on<01:28:14.960> these<01:28:15.159> pharmacies<01:28:15.639> for align:start position:0% that depend on these pharmacies for align:start position:0% that depend on these pharmacies for essential<01:28:16.320> health<01:28:16.639> care<01:28:17.199> so<01:28:17.360> there<01:28:17.440> are<01:28:17.560> a align:start position:0% essential health care so there are a align:start position:0% essential health care so there are a whole<01:28:17.840> set<01:28:18.000> of<01:28:18.199> issues<01:28:18.760> where<01:28:19.080> you<01:28:19.199> know align:start position:0% whole set of issues where you know align:start position:0% whole set of issues where you know people<01:28:19.760> that<01:28:20.080> represent<01:28:20.800> all<01:28:21.080> these align:start position:0% people that represent all these align:start position:0% people that represent all these different<01:28:21.520> parts<01:28:21.760> of<01:28:21.880> the<01:28:22.040> country<01:28:22.719> are align:start position:0% different parts of the country are align:start position:0% different parts of the country are seeing<01:28:23.320> firsthand<01:28:24.520> the<01:28:24.719> costs<01:28:25.080> and<01:28:25.320> harms<01:28:25.800> of align:start position:0% seeing firsthand the costs and harms of align:start position:0% seeing firsthand the costs and harms of allowing<01:28:26.719> concentrated<01:28:27.440> economic<01:28:28.080> power<01:28:28.840> to align:start position:0% allowing concentrated economic power to align:start position:0% allowing concentrated economic power to be<01:28:29.239> unchecked<01:28:30.080> to<01:28:30.360> really<01:28:30.880> you<01:28:31.000> know<01:28:31.159> be align:start position:0% be unchecked to really you know be align:start position:0% be unchecked to really you know be exercised<01:28:31.920> and<01:28:32.119> anti-competitive<01:28:32.920> ways<01:28:33.840> and align:start position:0% exercised and anti-competitive ways and align:start position:0% exercised and anti-competitive ways and so<01:28:34.639> um<01:28:34.800> you<01:28:34.920> know<01:28:35.199> that<01:28:35.400> that<01:28:35.679> bipartisanship align:start position:0% so um you know that that bipartisanship align:start position:0% so um you know that that bipartisanship and<01:28:37.040> agreement<01:28:37.560> across<01:28:38.000> the<01:28:38.159> aisle<01:28:38.880> of<01:28:39.080> the align:start position:0% and agreement across the aisle of the align:start position:0% and agreement across the aisle of the importance<01:28:39.679> of<01:28:39.840> the<01:28:39.960> work<01:28:40.360> that<01:28:40.560> agencies align:start position:0% importance of the work that agencies align:start position:0% importance of the work that agencies like<01:28:41.199> the<01:28:41.320> FDC<01:28:42.040> do<01:28:42.400> are<01:28:42.600> are<01:28:42.800> really<01:28:43.239> important align:start position:0% like the FDC do are are really important align:start position:0% like the FDC do are are really important um<01:28:44.719> you<01:28:44.840> know<01:28:45.159> that<01:28:45.400> said<01:28:46.239> uh<01:28:46.560> the<01:28:46.719> the align:start position:0% um you know that said uh the the align:start position:0% um you know that said uh the the monopolies<01:28:47.440> and<01:28:47.639> and<01:28:47.800> dominant<01:28:48.239> firms<01:28:48.840> that align:start position:0% monopolies and and dominant firms that align:start position:0% monopolies and and dominant firms that the<01:28:49.280> FTC<01:28:49.880> is<01:28:50.560> suing<01:28:51.040> and<01:28:51.199> bringing<01:28:51.600> actions align:start position:0% the FTC is suing and bringing actions align:start position:0% the FTC is suing and bringing actions against<01:28:52.920> um<01:28:53.480> they<01:28:53.639> have<01:28:54.119> power<01:28:54.360> and<01:28:54.600> clout<01:28:55.119> and align:start position:0% against um they have power and clout and align:start position:0% against um they have power and clout and so<01:28:55.560> you<01:28:55.679> know<01:28:55.920> that<01:28:56.119> type<01:28:56.320> of<01:28:56.520> push<01:28:56.840> back<01:28:57.040> is align:start position:0% so you know that type of push back is align:start position:0% so you know that type of push back is something<01:28:57.520> that<01:28:57.679> we<01:28:57.840> certainly<01:28:58.280> see<01:28:58.760> and<01:28:59.600> it's align:start position:0% something that we certainly see and it's align:start position:0% something that we certainly see and it's kind<01:28:59.920> of<01:29:00.280> embedded<01:29:00.679> in<01:29:00.800> the<01:29:00.960> DNA<01:29:01.480> of<01:29:01.719> of<01:29:01.800> an align:start position:0% kind of embedded in the DNA of of an align:start position:0% kind of embedded in the DNA of of an antimonopoly<01:29:02.560> agency<01:29:03.239> that<01:29:03.360> when<01:29:03.480> you<01:29:03.600> are align:start position:0% antimonopoly agency that when you are align:start position:0% antimonopoly agency that when you are doing<01:29:04.159> your<01:29:04.440> job<01:29:04.679> you're<01:29:04.840> going<01:29:04.960> to<01:29:05.080> see<01:29:05.320> some align:start position:0% doing your job you're going to see some align:start position:0% doing your job you're going to see some of<01:29:05.639> that<01:29:05.840> push<01:29:06.159> back<01:29:06.480> but<01:29:07.080> uh<01:29:07.199> it's<01:29:07.360> really align:start position:0% of that push back but uh it's really align:start position:0% of that push back but uh it's really important<01:29:07.920> to<01:29:08.159> kind<01:29:08.280> of<01:29:08.440> stay<01:29:08.719> focused<01:29:09.199> and align:start position:0% important to kind of stay focused and align:start position:0% important to kind of stay focused and remember<01:29:10.080> that<01:29:10.280> we<01:29:10.440> serve<01:29:10.800> the<01:29:10.960> public<01:29:11.440> and<01:29:11.639> so align:start position:0% remember that we serve the public and so align:start position:0% remember that we serve the public and so you<01:29:12.159> know<01:29:12.440> that's<01:29:12.600> where<01:29:12.760> we<01:29:12.880> need<01:29:13.040> to<01:29:13.320> keep align:start position:0% you know that's where we need to keep align:start position:0% you know that's where we need to keep our<01:29:14.080> attention<01:29:15.080> last<01:29:15.679> one<01:29:16.679> uh<01:29:16.920> thank<01:29:17.080> you<01:29:17.159> for align:start position:0% our attention last one uh thank you for align:start position:0% our attention last one uh thank you for being<01:29:17.600> here<01:29:17.880> and<01:29:18.080> and<01:29:18.239> thank<01:29:18.400> you<01:29:18.560> Gary<01:29:19.000> and align:start position:0% being here and and thank you Gary and align:start position:0% being here and and thank you Gary and Luther<01:29:19.520> and<01:29:19.679> YC<01:29:20.080> for<01:29:20.239> organizing<01:29:20.840> this<01:29:21.520> my align:start position:0% Luther and YC for organizing this my align:start position:0% Luther and YC for organizing this my name<01:29:21.760> is<01:29:21.880> Dave<01:29:22.159> Yen<01:29:22.600> my<01:29:22.840> question<01:29:23.679> um<01:29:24.239> you<01:29:24.360> know align:start position:0% name is Dave Yen my question um you know align:start position:0% name is Dave Yen my question um you know it's<01:29:24.719> great<01:29:24.880> to<01:29:25.080> hear<01:29:25.400> the<01:29:25.560> focus<01:29:25.960> around<01:29:26.360> open align:start position:0% it's great to hear the focus around open align:start position:0% it's great to hear the focus around open source<01:29:27.520> as<01:29:27.719> well<01:29:27.920> as<01:29:28.119> specifically<01:29:29.040> open align:start position:0% source as well as specifically open align:start position:0% source as well as specifically open weights<01:29:29.719> on<01:29:29.880> the<01:29:30.119> models<01:29:31.119> um<01:29:31.520> but<01:29:31.679> one<01:29:31.800> of<01:29:31.920> the align:start position:0% weights on the models um but one of the align:start position:0% weights on the models um but one of the biggest<01:29:32.320> limiting<01:29:32.760> factors<01:29:33.199> for<01:29:33.440> the align:start position:0% biggest limiting factors for the align:start position:0% biggest limiting factors for the acceleration<01:29:34.119> of<01:29:34.320> AI<01:29:34.760> is<01:29:35.080> access<01:29:35.400> to<01:29:35.760> to<01:29:35.960> data align:start position:0% acceleration of AI is access to to data align:start position:0% acceleration of AI is access to to data and<01:29:37.320> high<01:29:37.520> volume<01:29:38.000> high<01:29:38.159> quality<01:29:38.600> data<01:29:39.199> and<01:29:39.320> so align:start position:0% and high volume high quality data and so align:start position:0% and high volume high quality data and so what<01:29:39.719> what<01:29:39.840> are<01:29:39.960> the<01:29:40.119> ftc's<01:29:40.760> views<01:29:41.520> on<01:29:42.520> um<01:29:42.679> data align:start position:0% what what are the ftc's views on um data align:start position:0% what what are the ftc's views on um data sharing<01:29:43.400> broadly<01:29:44.199> as<01:29:44.440> far<01:29:44.760> as<01:29:45.199> uh<01:29:45.320> helping<01:29:45.560> to align:start position:0% sharing broadly as far as uh helping to align:start position:0% sharing broadly as far as uh helping to advance<01:29:46.159> AI<01:29:47.080> with<01:29:47.280> respect<01:29:47.600> to<01:29:48.080> Consumer align:start position:0% advance AI with respect to Consumer align:start position:0% advance AI with respect to Consumer privacy<01:29:48.960> as<01:29:49.159> well<01:29:50.159> yeah<01:29:50.320> I<01:29:50.360> mean<01:29:50.520> I<01:29:50.600> don't align:start position:0% privacy as well yeah I mean I don't align:start position:0% privacy as well yeah I mean I don't think<01:29:50.920> we<01:29:51.080> have<01:29:51.320> kind<01:29:51.440> of<01:29:51.760> a<01:29:51.960> dogmatic<01:29:52.520> view<01:29:52.760> on align:start position:0% think we have kind of a dogmatic view on align:start position:0% think we have kind of a dogmatic view on that<01:29:53.239> I<01:29:53.320> think<01:29:53.480> from<01:29:53.639> a<01:29:53.760> data<01:29:54.080> a<01:29:54.199> privacy align:start position:0% that I think from a data a privacy align:start position:0% that I think from a data a privacy perspective<01:29:55.280> we<01:29:55.440> always<01:29:55.679> want<01:29:55.800> to<01:29:55.960> make<01:29:56.119> sure align:start position:0% perspective we always want to make sure align:start position:0% perspective we always want to make sure that<01:29:56.800> people's<01:29:57.360> expectations<01:29:58.119> aren't<01:29:58.480> being align:start position:0% that people's expectations aren't being align:start position:0% that people's expectations aren't being upset<01:29:59.440> that<01:29:59.560> they're<01:29:59.719> not<01:29:59.880> being<01:30:00.199> deceived<01:30:00.639> or align:start position:0% upset that they're not being deceived or align:start position:0% upset that they're not being deceived or tricked<01:30:01.159> about<01:30:01.360> how<01:30:01.520> their<01:30:01.719> data<01:30:02.040> is<01:30:02.199> being align:start position:0% tricked about how their data is being align:start position:0% tricked about how their data is being used<01:30:03.320> um<01:30:03.480> I'd<01:30:03.639> be<01:30:03.760> really<01:30:03.960> interested<01:30:04.360> to<01:30:04.520> hear align:start position:0% used um I'd be really interested to hear align:start position:0% used um I'd be really interested to hear you<01:30:04.920> know<01:30:05.080> what<01:30:05.199> are<01:30:05.360> some<01:30:05.520> of<01:30:05.639> the<01:30:05.840> ideas<01:30:06.440> that align:start position:0% you know what are some of the ideas that align:start position:0% you know what are some of the ideas that you<01:30:06.719> all<01:30:07.000> have<01:30:07.320> about<01:30:08.280> if<01:30:08.639> if<01:30:08.880> access<01:30:09.159> to<01:30:09.360> data align:start position:0% you all have about if if access to data align:start position:0% you all have about if if access to data is<01:30:09.840> right<01:30:10.080> now<01:30:10.280> a<01:30:10.440> major<01:30:11.040> barrier<01:30:11.440> to<01:30:11.600> entry<01:30:12.080> or align:start position:0% is right now a major barrier to entry or align:start position:0% is right now a major barrier to entry or to<01:30:12.560> to<01:30:12.719> scaling<01:30:13.520> you<01:30:13.639> know<01:30:13.800> what<01:30:13.920> are<01:30:14.199> ways<01:30:14.520> to align:start position:0% to to scaling you know what are ways to align:start position:0% to to scaling you know what are ways to address<01:30:15.840> that<01:30:16.280> uh<01:30:16.400> and<01:30:16.560> what<01:30:16.679> would<01:30:16.800> it<01:30:17.000> look align:start position:0% address that uh and what would it look align:start position:0% address that uh and what would it look like<01:30:17.400> to<01:30:17.760> make<01:30:18.040> some<01:30:18.159> of<01:30:18.320> this<01:30:18.440> more<01:30:18.719> available align:start position:0% like to make some of this more available align:start position:0% like to make some of this more available but<01:30:19.440> in<01:30:19.560> a<01:30:19.719> way<01:30:19.960> that's<01:30:20.199> not<01:30:20.560> you<01:30:20.679> know align:start position:0% but in a way that's not you know align:start position:0% but in a way that's not you know jeopardizing<01:30:21.639> people's<01:30:22.320> privacy<01:30:23.320> um<01:30:23.600> so<01:30:24.000> you align:start position:0% jeopardizing people's privacy um so you align:start position:0% jeopardizing people's privacy um so you know<01:30:24.199> we<01:30:24.280> haven't<01:30:24.679> come<01:30:24.840> out<01:30:25.040> with<01:30:25.159> a<01:30:25.280> fixed align:start position:0% know we haven't come out with a fixed align:start position:0% know we haven't come out with a fixed view<01:30:25.840> on<01:30:26.080> that<01:30:26.320> with<01:30:26.480> the<01:30:26.639> exception<01:30:27.119> of align:start position:0% view on that with the exception of align:start position:0% view on that with the exception of wanting<01:30:27.679> to<01:30:27.880> make<01:30:28.000> sure<01:30:28.320> that<01:30:28.560> if<01:30:29.159> data<01:30:29.480> is align:start position:0% wanting to make sure that if data is align:start position:0% wanting to make sure that if data is being<01:30:29.880> shared<01:30:30.320> it's<01:30:30.480> not<01:30:30.679> being<01:30:30.920> done<01:30:31.159> in<01:30:31.280> a align:start position:0% being shared it's not being done in a align:start position:0% being shared it's not being done in a way<01:30:31.639> that's<01:30:31.960> deceptive<01:30:32.400> or<01:30:32.600> unfair<01:30:33.600> we've align:start position:0% way that's deceptive or unfair we've align:start position:0% way that's deceptive or unfair we've also<01:30:34.040> been<01:30:34.239> very<01:30:34.480> clear<01:30:34.880> that<01:30:35.320> there's align:start position:0% also been very clear that there's align:start position:0% also been very clear that there's certain<01:30:36.000> categories<01:30:36.440> of<01:30:36.679> data<01:30:37.000> that<01:30:37.119> are<01:30:37.320> just align:start position:0% certain categories of data that are just align:start position:0% certain categories of data that are just especially<01:30:38.199> sensitive<01:30:39.119> right<01:30:39.280> so<01:30:39.520> People's align:start position:0% especially sensitive right so People's align:start position:0% especially sensitive right so People's Health<01:30:40.320> Data<01:30:40.840> people's<01:30:41.199> browsing<01:30:41.719> history align:start position:0% Health Data people's browsing history align:start position:0% Health Data people's browsing history people's<01:30:42.679> precise<01:30:43.080> geolocation<01:30:43.920> data<01:30:44.800> and<01:30:44.920> so align:start position:0% people's precise geolocation data and so align:start position:0% people's precise geolocation data and so for<01:30:45.520> those<01:30:45.960> categories<01:30:46.480> of<01:30:46.719> data<01:30:47.119> there<01:30:47.239> is<01:30:47.400> a align:start position:0% for those categories of data there is a align:start position:0% for those categories of data there is a heightened<01:30:48.400> obligation<01:30:49.040> that<01:30:49.199> firms<01:30:49.719> have<01:30:50.000> to align:start position:0% heightened obligation that firms have to align:start position:0% heightened obligation that firms have to not<01:30:50.920> you<01:30:51.040> know<01:30:51.199> surreptitiously<01:30:52.080> share<01:30:52.400> it<01:30:52.639> or align:start position:0% not you know surreptitiously share it or align:start position:0% not you know surreptitiously share it or sell<01:30:53.119> this<01:30:53.320> data<01:30:53.639> without<01:30:54.280> getting align:start position:0% sell this data without getting align:start position:0% sell this data without getting affirmative<01:30:55.199> permission<01:30:55.679> from<01:30:55.880> consumers align:start position:0% affirmative permission from consumers align:start position:0% affirmative permission from consumers just<01:30:56.679> because<01:30:57.199> that<01:30:57.360> type<01:30:57.560> of<01:30:57.760> information<01:30:58.239> is align:start position:0% just because that type of information is align:start position:0% just because that type of information is especially align:start position:0% especially align:start position:0% especially sensitive<01:31:01.239> give<01:31:01.320> it<01:31:01.440> up<01:31:01.639> for<01:31:02.199> Timothy<01:31:02.560> and<01:31:02.639> L align:start position:0% sensitive give it up for Timothy and L align:start position:0% sensitive give it up for Timothy and L con<01:31:03.159> thank align:start position:0% you<01:31:07.400> we<01:31:08.159> we<01:31:08.560> now<01:31:08.960> have<01:31:09.520> an<01:31:10.119> another<01:31:10.840> Lena<01:31:11.840> Lena align:start position:0% you we we now have an another Lena Lena align:start position:0% you we we now have an another Lena Lena kuchi<01:31:12.679> who's<01:31:12.880> one<01:31:12.960> of<01:31:13.080> the<01:31:13.199> most<01:31:13.480> impressive align:start position:0% kuchi who's one of the most impressive align:start position:0% kuchi who's one of the most impressive Founders<01:31:14.760> and<01:31:14.920> impressive<01:31:15.360> companies<01:31:15.719> from align:start position:0% Founders and impressive companies from align:start position:0% Founders and impressive companies from our<01:31:16.560> winter<01:31:16.880> 24<01:31:17.440> batch<01:31:18.119> is<01:31:18.320> going<01:31:18.480> to<01:31:18.800> do<01:31:19.159> a align:start position:0% our winter 24 batch is going to do a align:start position:0% our winter 24 batch is going to do a five<01:31:20.000> to<01:31:20.199> seven<01:31:20.480> minute<01:31:20.840> demo<01:31:21.400> of<01:31:21.719> infinity align:start position:0% five to seven minute demo of infinity align:start position:0% five to seven minute demo of infinity that<01:31:22.480> you're<01:31:22.920> going<01:31:23.080> to<01:31:23.320> love align:start position:0% that you're going to love align:start position:0% that you're going to love great<01:31:25.040> hello<01:31:25.400> hello<01:31:25.719> everyone<01:31:26.719> uh<01:31:27.199> my<01:31:27.360> name<01:31:27.520> is align:start position:0% great hello hello everyone uh my name is align:start position:0% great hello hello everyone uh my name is also<01:31:27.960> Lena<01:31:28.280> and<01:31:28.440> I'm<01:31:28.760> also<01:31:29.400> wearing<01:31:29.719> a align:start position:0% also Lena and I'm also wearing a align:start position:0% also Lena and I'm also wearing a Blazer<01:31:31.840> um<01:31:32.840> so<01:31:33.480> I'm<01:31:33.679> really<01:31:33.920> excited<01:31:34.239> to<01:31:34.400> talk align:start position:0% Blazer um so I'm really excited to talk align:start position:0% Blazer um so I'm really excited to talk to<01:31:34.719> you<01:31:35.239> today<01:31:36.159> we<01:31:36.360> are<01:31:36.840> Infinity<01:31:37.520> AI<01:31:38.520> um<01:31:38.719> we align:start position:0% to you today we are Infinity AI um we align:start position:0% to you today we are Infinity AI um we are<01:31:39.119> building<01:31:39.679> a<01:31:40.000> script<01:31:40.560> to<01:31:40.880> video align:start position:0% are building a script to video align:start position:0% are building a script to video Foundation<01:31:42.199> model<01:31:43.199> and<01:31:44.119> uh<01:31:44.239> basically<01:31:44.600> the align:start position:0% Foundation model and uh basically the align:start position:0% Foundation model and uh basically the way<01:31:44.800> it<01:31:44.920> works<01:31:45.280> is<01:31:45.480> users<01:31:46.239> type<01:31:46.560> out<01:31:46.960> a<01:31:47.239> script align:start position:0% way it works is users type out a script align:start position:0% way it works is users type out a script they<01:31:48.040> say<01:31:48.560> they<01:31:48.679> write<01:31:48.880> out<01:31:49.159> what<01:31:49.320> they<01:31:49.440> want align:start position:0% they say they write out what they want align:start position:0% they say they write out what they want their<01:31:50.239> characters<01:31:50.679> to<01:31:51.000> say<01:31:51.960> and<01:31:52.159> then<01:31:52.639> they align:start position:0% their characters to say and then they align:start position:0% their characters to say and then they get<01:31:53.080> a<01:31:53.239> video<01:31:53.600> out align:start position:0% get a video out align:start position:0% get a video out um<01:31:54.840> and<01:31:54.960> we<01:31:55.080> train<01:31:55.360> all<01:31:55.520> our<01:31:55.639> own<01:31:55.880> video<01:31:56.159> models align:start position:0% um and we train all our own video models align:start position:0% um and we train all our own video models and<01:31:57.000> so<01:31:57.440> I<01:31:57.520> wanted<01:31:57.760> to<01:31:58.000> give<01:31:58.119> you<01:31:58.400> a<01:31:58.560> demo<01:31:59.159> of align:start position:0% and so I wanted to give you a demo of align:start position:0% and so I wanted to give you a demo of how<01:31:59.679> that<01:31:59.800> works<01:32:00.280> today<01:32:01.280> all<01:32:01.400> right<01:32:01.639> so<01:32:01.960> we<01:32:02.040> can align:start position:0% how that works today all right so we can align:start position:0% how that works today all right so we can either<01:32:02.600> type<01:32:02.880> out<01:32:03.239> a<01:32:03.480> script<01:32:03.920> from<01:32:04.480> scratch<01:32:05.280> or align:start position:0% either type out a script from scratch or align:start position:0% either type out a script from scratch or we<01:32:06.080> can<01:32:06.920> similar<01:32:07.239> to<01:32:07.360> chat<01:32:07.600> jpt<01:32:08.040> use<01:32:08.199> a<01:32:08.400> prompt align:start position:0% we can similar to chat jpt use a prompt align:start position:0% we can similar to chat jpt use a prompt and<01:32:08.800> kind<01:32:08.920> of<01:32:09.040> get<01:32:09.280> this<01:32:09.400> first<01:32:09.840> draft<01:32:10.119> of<01:32:10.239> a align:start position:0% and kind of get this first draft of a align:start position:0% and kind of get this first draft of a script<01:32:10.800> so<01:32:11.040> I'm<01:32:11.119> going<01:32:11.239> to<01:32:11.360> do<01:32:11.600> that<01:32:11.960> I'm<01:32:12.080> going align:start position:0% script so I'm going to do that I'm going align:start position:0% script so I'm going to do that I'm going to<01:32:12.280> use<01:32:12.400> an<01:32:12.560> AI align:start position:0% to use an AI align:start position:0% to use an AI prompt<01:32:14.520> and<01:32:15.400> let's<01:32:15.920> do<01:32:16.920> YC<01:32:17.480> Partners<01:32:18.320> complain align:start position:0% prompt and let's do YC Partners complain align:start position:0% prompt and let's do YC Partners complain about<01:32:19.199> Founders<01:32:19.719> forgetting<01:32:20.360> their<01:32:20.639> badge align:start position:0% about Founders forgetting their badge align:start position:0% about Founders forgetting their badge you're<01:32:21.840> part<01:32:21.960> of<01:32:22.119> YC<01:32:22.600> that's<01:32:22.800> probably<01:32:23.000> a align:start position:0% you're part of YC that's probably a align:start position:0% you're part of YC that's probably a common<01:32:24.280> occurrence<01:32:25.040> these<01:32:25.360> days<01:32:26.360> um<01:32:26.639> and<01:32:26.920> so align:start position:0% common occurrence these days um and so align:start position:0% common occurrence these days um and so when<01:32:27.960> we<01:32:28.159> generate<01:32:28.560> the<01:32:28.760> script<01:32:29.119> we'll<01:32:29.360> get align:start position:0% when we generate the script we'll get align:start position:0% when we generate the script we'll get basically<01:32:30.119> a<01:32:30.760> first<01:32:31.159> draft<01:32:31.600> here<01:32:32.440> we<01:32:32.679> have align:start position:0% basically a first draft here we have align:start position:0% basically a first draft here we have Gary<01:32:33.840> saying<01:32:34.800> how<01:32:35.000> many<01:32:35.320> times<01:32:35.600> can<01:32:35.719> we<01:32:35.920> remind align:start position:0% Gary saying how many times can we remind align:start position:0% Gary saying how many times can we remind them<01:32:36.639> bring<01:32:36.920> your<01:32:37.199> badge<01:32:37.760> so<01:32:38.119> be<01:32:38.239> saying align:start position:0% them bring your badge so be saying align:start position:0% them bring your badge so be saying seriously<01:32:39.000> it's<01:32:39.080> a<01:32:39.239> small<01:32:39.520> thing<01:32:40.520> um<01:32:41.280> so<01:32:41.679> if<01:32:41.800> we align:start position:0% seriously it's a small thing um so if we align:start position:0% seriously it's a small thing um so if we want<01:32:42.280> we<01:32:42.440> can<01:32:42.760> edit<01:32:43.080> this<01:32:43.239> script<01:32:43.639> we<01:32:43.719> can align:start position:0% want we can edit this script we can align:start position:0% want we can edit this script we can regenerate<01:32:44.600> it<01:32:44.800> until<01:32:45.280> we<01:32:45.440> like<01:32:45.679> the<01:32:45.800> way<01:32:45.920> it align:start position:0% regenerate it until we like the way it align:start position:0% regenerate it until we like the way it looks<01:32:46.920> um<01:32:47.360> and<01:32:47.520> then<01:32:47.760> we<01:32:47.920> can<01:32:48.199> press align:start position:0% looks um and then we can press align:start position:0% looks um and then we can press generate<01:32:50.480> um<01:32:51.000> and<01:32:51.320> you'll<01:32:51.639> see<01:32:52.040> there's<01:32:52.360> kind align:start position:0% generate um and you'll see there's kind align:start position:0% generate um and you'll see there's kind of<01:32:52.679> a<01:32:52.880> a<01:32:53.080> new<01:32:53.840> pop<01:32:54.040> up<01:32:54.320> here<01:32:54.880> and<01:32:55.320> this<01:32:55.440> will align:start position:0% of a a new pop up here and this will align:start position:0% of a a new pop up here and this will take<01:32:55.880> a<01:32:56.000> few<01:32:56.239> minutes<01:32:56.639> to<01:32:56.840> generate<01:32:57.679> and<01:32:57.920> so<01:32:58.239> in align:start position:0% take a few minutes to generate and so in align:start position:0% take a few minutes to generate and so in the<01:32:58.480> interest<01:32:58.800> of<01:32:59.000> time<01:32:59.880> I<01:33:00.520> uh<01:33:00.840> already align:start position:0% the interest of time I uh already align:start position:0% the interest of time I uh already generated<01:33:02.000> a<01:33:02.159> video<01:33:02.760> with<01:33:03.760> uh<01:33:04.000> this<01:33:04.440> prompt align:start position:0% generated a video with uh this prompt align:start position:0% generated a video with uh this prompt right<01:33:05.679> before<01:33:06.199> this<01:33:06.719> and<01:33:07.080> so<01:33:08.080> let's<01:33:08.400> watch align:start position:0% right before this and so let's watch align:start position:0% right before this and so let's watch this align:start position:0% video<01:33:12.400> another<01:33:12.760> day<01:33:12.960> and<01:33:13.159> another<01:33:13.440> founder align:start position:0% video another day and another founder align:start position:0% video another day and another founder forgetting<01:33:14.280> their<01:33:14.920> badge<01:33:15.920> it's align:start position:0% forgetting their badge it's align:start position:0% forgetting their badge it's unbelievable<01:33:17.920> I<01:33:18.000> feel<01:33:18.320> bad<01:33:18.520> for<01:33:18.719> their align:start position:0% unbelievable I feel bad for their align:start position:0% unbelievable I feel bad for their employees<01:33:19.679> how<01:33:19.760> are<01:33:19.920> they<01:33:20.080> supposed<01:33:20.360> to<01:33:20.480> run<01:33:20.639> a align:start position:0% employees how are they supposed to run a align:start position:0% employees how are they supposed to run a company<01:33:21.159> if<01:33:21.320> they<01:33:21.480> can't<01:33:21.679> even<01:33:21.920> remember align:start position:0% company if they can't even remember align:start position:0% company if they can't even remember their<01:33:22.520> badge<01:33:23.880> do<01:33:24.000> we<01:33:24.119> think<01:33:24.239> they're<01:33:24.440> allergic align:start position:0% their badge do we think they're allergic align:start position:0% their badge do we think they're allergic to<01:33:25.440> remembering<01:33:26.440> serby<01:33:27.040> are<01:33:27.159> there<01:33:27.320> allergy align:start position:0% to remembering serby are there allergy align:start position:0% to remembering serby are there allergy kits<01:33:27.920> we<01:33:28.000> can<01:33:28.119> get<01:33:28.239> for align:start position:0% that<01:33:36.520> so<01:33:36.920> this<01:33:37.280> is<01:33:37.600> the<01:33:37.960> editor<01:33:38.560> page<01:33:39.400> um<01:33:39.600> and align:start position:0% that so this is the editor page um and align:start position:0% that so this is the editor page um and so<01:33:40.600> here<01:33:40.840> we<01:33:40.960> can<01:33:41.159> go<01:33:41.320> in<01:33:41.760> and<01:33:41.920> change<01:33:42.159> up<01:33:42.360> the align:start position:0% so here we can go in and change up the align:start position:0% so here we can go in and change up the script<01:33:43.080> regenerate<01:33:43.840> Clips<01:33:44.400> change<01:33:44.719> things align:start position:0% script regenerate Clips change things align:start position:0% script regenerate Clips change things around<01:33:45.840> and<01:33:45.960> then<01:33:46.119> once<01:33:46.280> we're<01:33:46.520> happy align:start position:0% around and then once we're happy align:start position:0% around and then once we're happy restitch<01:33:47.400> things<01:33:47.760> together<01:33:48.280> and<01:33:48.400> then<01:33:48.560> share align:start position:0% restitch things together and then share align:start position:0% restitch things together and then share out<01:33:49.119> our<01:33:49.520> video<01:33:50.520> um<01:33:51.320> and<01:33:51.600> so<01:33:52.280> you<01:33:52.440> can<01:33:52.600> kind<01:33:52.679> of align:start position:0% out our video um and so you can kind of align:start position:0% out our video um and so you can kind of get<01:33:52.920> the<01:33:53.040> idea<01:33:53.280> here<01:33:53.400> of<01:33:53.520> this<01:33:53.840> like<01:33:54.040> script<01:33:54.840> to align:start position:0% get the idea here of this like script to align:start position:0% get the idea here of this like script to video<01:33:56.040> experience<01:33:57.040> I<01:33:57.239> think<01:33:57.760> for<01:33:58.239> us<01:33:58.840> you<01:33:59.000> know align:start position:0% video experience I think for us you know align:start position:0% video experience I think for us you know the<01:33:59.400> main<01:33:59.600> thing<01:33:59.760> that<01:33:59.880> motivates<01:34:00.280> us<01:34:00.440> at align:start position:0% the main thing that motivates us at align:start position:0% the main thing that motivates us at Infinity<01:34:01.040> is align:start position:0% Infinity is align:start position:0% Infinity is storytelling<01:34:02.840> and<01:34:03.400> our<01:34:03.639> core<01:34:04.000> Insight<01:34:04.480> back align:start position:0% storytelling and our core Insight back align:start position:0% storytelling and our core Insight back in<01:34:04.760> the<01:34:04.920> day<01:34:05.280> was<01:34:06.280> people<01:34:06.760> are<01:34:07.000> at<01:34:07.119> the<01:34:07.239> center align:start position:0% in the day was people are at the center align:start position:0% in the day was people are at the center of<01:34:07.920> stories<01:34:08.920> and<01:34:09.199> so<01:34:09.440> if<01:34:09.520> you<01:34:09.800> have<01:34:10.600> expressive align:start position:0% of stories and so if you have expressive align:start position:0% of stories and so if you have expressive characters<01:34:11.960> if<01:34:12.040> you<01:34:12.199> have<01:34:12.440> good<01:34:12.800> characters align:start position:0% characters if you have good characters align:start position:0% characters if you have good characters you<01:34:13.880> can<01:34:14.080> tell<01:34:14.520> really<01:34:14.800> good<01:34:15.080> stories<01:34:15.719> even<01:34:15.920> if align:start position:0% you can tell really good stories even if align:start position:0% you can tell really good stories even if you<01:34:16.119> don't<01:34:16.320> have<01:34:16.480> anything<01:34:16.760> else<01:34:17.440> and<01:34:17.520> so align:start position:0% you don't have anything else and so align:start position:0% you don't have anything else and so that's<01:34:17.920> kind<01:34:18.040> of<01:34:18.159> the<01:34:18.400> focus<01:34:18.960> on<01:34:19.520> characters align:start position:0% that's kind of the focus on characters align:start position:0% that's kind of the focus on characters and<01:34:20.080> the<01:34:20.239> script<01:34:20.560> and<01:34:20.679> the<01:34:20.880> dialogue<01:34:21.360> driven align:start position:0% and the script and the dialogue driven align:start position:0% and the script and the dialogue driven nature<01:34:22.560> of<01:34:22.719> the<01:34:22.920> product<01:34:23.199> and<01:34:23.280> of<01:34:23.400> the<01:34:23.480> video align:start position:0% nature of the product and of the video align:start position:0% nature of the product and of the video models<01:34:24.119> that<01:34:24.239> we align:start position:0% models that we align:start position:0% models that we train<01:34:26.159> um<01:34:27.159> one<01:34:27.320> of<01:34:27.520> my<01:34:27.760> favorite<01:34:28.119> things<01:34:28.320> to<01:34:28.480> do align:start position:0% train um one of my favorite things to do align:start position:0% train um one of my favorite things to do with<01:34:28.760> our<01:34:28.920> tool<01:34:29.360> is<01:34:29.600> actually<01:34:29.920> to<01:34:30.920> imagine align:start position:0% with our tool is actually to imagine align:start position:0% with our tool is actually to imagine people<01:34:32.040> from<01:34:32.239> the<01:34:32.440> past<01:34:32.719> and<01:34:32.960> characters<01:34:33.440> from align:start position:0% people from the past and characters from align:start position:0% people from the past and characters from the<01:34:33.880> past<01:34:34.400> from<01:34:35.280> the<01:34:35.440> era<01:34:35.800> before<01:34:36.040> they<01:34:36.159> were align:start position:0% the past from the era before they were align:start position:0% the past from the era before they were video<01:34:37.159> cameras<01:34:38.159> and<01:34:38.679> um<01:34:38.880> so<01:34:39.360> specifically<01:34:39.880> for align:start position:0% video cameras and um so specifically for align:start position:0% video cameras and um so specifically for this<01:34:40.320> event<01:34:41.119> uh<01:34:41.239> I<01:34:41.360> made<01:34:41.760> a<01:34:41.960> video<01:34:42.560> yesterday align:start position:0% this event uh I made a video yesterday align:start position:0% this event uh I made a video yesterday and<01:34:43.840> it<01:34:44.080> features<01:34:45.080> people<01:34:46.040> um<01:34:46.400> from<01:34:47.080> you<01:34:47.199> know align:start position:0% and it features people um from you know align:start position:0% and it features people um from you know luminaries<01:34:48.119> from<01:34:48.320> arts<01:34:49.000> history<01:34:50.000> um<01:34:50.199> and<01:34:50.320> so<01:34:50.480> I align:start position:0% luminaries from arts history um and so I align:start position:0% luminaries from arts history um and so I wanted<01:34:50.760> to<01:34:50.920> play<01:34:51.239> that<01:34:51.800> I<01:34:51.880> think<01:34:52.040> it's<01:34:52.320> very align:start position:0% wanted to play that I think it's very align:start position:0% wanted to play that I think it's very relevant<01:34:53.320> to<01:34:54.080> the<01:34:54.320> types<01:34:54.840> of<01:34:55.080> conversations align:start position:0% relevant to the types of conversations align:start position:0% relevant to the types of conversations that<01:34:55.880> we're<01:34:56.199> having<01:34:56.600> at<01:34:56.760> the<01:34:56.880> event<01:34:57.480> today<01:34:58.480> um align:start position:0% that we're having at the event today um align:start position:0% that we're having at the event today um and<01:34:59.400> it's<01:34:59.679> also<01:35:00.400> a<01:35:00.560> reminder<01:35:01.520> that<01:35:02.080> the align:start position:0% and it's also a reminder that the align:start position:0% and it's also a reminder that the history<01:35:02.679> of<01:35:03.000> art<01:35:04.000> has<01:35:04.400> always<01:35:05.239> been<01:35:06.239> very<01:35:06.480> much align:start position:0% history of art has always been very much align:start position:0% history of art has always been very much linked<01:35:07.000> to<01:35:07.119> the<01:35:07.280> history<01:35:07.600> of align:start position:0% linked to the history of align:start position:0% linked to the history of [Music] align:start position:0% Technology<01:35:14.159> printed<01:35:14.600> books<01:35:14.920> will<01:35:15.199> never<01:35:15.440> be align:start position:0% Technology printed books will never be align:start position:0% Technology printed books will never be the<01:35:15.840> equivalent<01:35:16.320> of<01:35:16.560> handwritten align:start position:0% the equivalent of handwritten align:start position:0% the equivalent of handwritten codices<01:35:19.719> the<01:35:19.880> camera<01:35:20.199> will<01:35:20.440> never<01:35:20.719> compete align:start position:0% codices the camera will never compete align:start position:0% codices the camera will never compete with<01:35:21.239> the<01:35:21.760> brush<01:35:22.760> the<01:35:22.920> gramophone<01:35:23.400> will<01:35:23.719> lead align:start position:0% with the brush the gramophone will lead align:start position:0% with the brush the gramophone will lead to<01:35:24.040> a<01:35:24.199> deterioration<01:35:25.000> of<01:35:25.199> American<01:35:26.000> music<01:35:27.000> the align:start position:0% to a deterioration of American music the align:start position:0% to a deterioration of American music the cinema<01:35:27.560> is<01:35:27.679> little<01:35:27.920> more<01:35:28.119> than<01:35:28.239> a<01:35:28.400> fat<01:35:29.360> what align:start position:0% cinema is little more than a fat what align:start position:0% cinema is little more than a fat what audiences<01:35:30.040> really<01:35:30.239> want<01:35:30.360> to<01:35:30.480> see<01:35:30.719> is<01:35:30.880> flesh align:start position:0% audiences really want to see is flesh align:start position:0% audiences really want to see is flesh and<01:35:31.239> blood<01:35:31.440> on<01:35:31.520> the align:start position:0% and blood on the align:start position:0% and blood on the stage<01:35:33.600> people<01:35:33.880> will<01:35:34.040> soon<01:35:34.360> get<01:35:34.520> tired<01:35:34.800> of align:start position:0% stage people will soon get tired of align:start position:0% stage people will soon get tired of staring<01:35:35.239> at<01:35:35.360> a<01:35:35.480> plywood<01:35:35.960> box<01:35:36.360> every align:start position:0% staring at a plywood box every align:start position:0% staring at a plywood box every night<01:35:38.360> who<01:35:38.520> the<01:35:38.679> hell<01:35:38.880> wants<01:35:39.119> to<01:35:39.280> hear<01:35:39.600> actors align:start position:0% talk<01:35:44.560> we<01:35:44.760> are<01:35:45.199> Infinity<01:35:45.880> thank<01:35:46.040> you<01:35:46.199> so align:start position:0% much<01:35:51.800> in<01:35:52.000> Washington<01:35:52.560> sort<01:35:52.719> of<01:35:52.840> an<01:35:52.960> important align:start position:0% much in Washington sort of an important align:start position:0% much in Washington sort of an important part<01:35:53.400> of<01:35:53.679> the<01:35:53.760> advocacy<01:35:54.520> ecosystem<01:35:55.520> are<01:35:56.360> civil align:start position:0% part of the advocacy ecosystem are civil align:start position:0% part of the advocacy ecosystem are civil society<01:35:57.440> or<01:35:58.000> nonprofit<01:35:59.000> uh align:start position:0% society or nonprofit uh align:start position:0% society or nonprofit uh organizations<01:36:00.639> and<01:36:01.280> uh<01:36:01.400> that's<01:36:02.080> been align:start position:0% organizations and uh that's been align:start position:0% organizations and uh that's been especially<01:36:02.840> important<01:36:03.360> in<01:36:03.520> the<01:36:03.719> last<01:36:04.639> uh align:start position:0% especially important in the last uh align:start position:0% especially important in the last uh decade<01:36:05.400> or<01:36:05.600> so<01:36:06.320> when<01:36:06.440> it<01:36:06.560> comes<01:36:06.760> to<01:36:06.960> technology align:start position:0% decade or so when it comes to technology align:start position:0% decade or so when it comes to technology policy<01:36:08.440> and<01:36:08.520> so<01:36:08.719> I'm<01:36:08.960> really<01:36:09.239> excited<01:36:09.880> not align:start position:0% policy and so I'm really excited not align:start position:0% policy and so I'm really excited not only<01:36:10.280> to<01:36:10.600> sort<01:36:10.800> of<01:36:10.960> have<01:36:11.159> these<01:36:11.320> folks<01:36:11.520> on<01:36:11.639> the align:start position:0% only to sort of have these folks on the align:start position:0% only to sort of have these folks on the stage<01:36:12.040> but<01:36:12.159> really<01:36:12.320> to<01:36:12.520> partner<01:36:12.840> with<01:36:12.960> them<01:36:13.119> on align:start position:0% stage but really to partner with them on align:start position:0% stage but really to partner with them on this<01:36:13.560> event<01:36:14.560> um<01:36:15.400> uh<01:36:15.560> so<01:36:16.080> I'm<01:36:16.199> just<01:36:16.360> going<01:36:16.480> to align:start position:0% this event um uh so I'm just going to align:start position:0% this event um uh so I'm just going to have<01:36:16.800> you<01:36:16.960> all<01:36:17.600> introduce<01:36:18.159> yourselves<01:36:19.159> uh<01:36:19.800> and align:start position:0% have you all introduce yourselves uh and align:start position:0% have you all introduce yourselves uh and uh<01:36:20.560> tell<01:36:20.760> you<01:36:21.000> tell<01:36:21.159> us<01:36:21.280> about<01:36:21.480> where<01:36:21.600> you're align:start position:0% uh tell you tell us about where you're align:start position:0% uh tell you tell us about where you're from<01:36:22.600> and<01:36:23.360> just<01:36:23.719> very<01:36:23.920> quickly<01:36:24.520> because<01:36:24.639> we're align:start position:0% from and just very quickly because we're align:start position:0% from and just very quickly because we're going<01:36:24.880> to<01:36:24.960> speedrun<01:36:25.440> this<01:36:25.600> panel<01:36:25.920> to<01:36:26.080> get<01:36:26.199> us align:start position:0% going to speedrun this panel to get us align:start position:0% going to speedrun this panel to get us back<01:36:26.600> on<01:36:27.199> uh<01:36:27.800> schedule<01:36:28.880> um<01:36:29.880> what<01:36:30.000> your align:start position:0% back on uh schedule um what your align:start position:0% back on uh schedule um what your organization<01:36:30.800> is<01:36:31.000> doing<01:36:31.840> and<01:36:32.040> how<01:36:32.159> it's align:start position:0% organization is doing and how it's align:start position:0% organization is doing and how it's thinking<01:36:32.679> about<01:36:33.000> open<01:36:33.280> source<01:36:33.600> AI<01:36:34.440> so<01:36:34.679> hi<01:36:34.840> I'm align:start position:0% thinking about open source AI so hi I'm align:start position:0% thinking about open source AI so hi I'm Haley<01:36:35.280> skama<01:36:35.880> I'm<01:36:36.080> associate<01:36:36.440> director<01:36:36.760> of align:start position:0% Haley skama I'm associate director of align:start position:0% Haley skama I'm associate director of legislative<01:36:37.520> activism<01:36:38.000> at<01:36:38.119> the<01:36:38.199> Electronic align:start position:0% legislative activism at the Electronic align:start position:0% legislative activism at the Electronic Frontier<01:36:39.119> Foundation<01:36:40.040> we're<01:36:40.239> a<01:36:40.360> nonprofit align:start position:0% Frontier Foundation we're a nonprofit align:start position:0% Frontier Foundation we're a nonprofit devoted<01:36:41.320> to<01:36:41.560> defending<01:36:41.960> digital<01:36:42.360> rights<01:36:42.840> a align:start position:0% devoted to defending digital rights a align:start position:0% devoted to defending digital rights a member<01:36:43.600> supported<01:36:44.600> um<01:36:45.040> I<01:36:45.480> particularly align:start position:0% member supported um I particularly align:start position:0% member supported um I particularly manage<01:36:46.760> all<01:36:46.920> of<01:36:47.040> our<01:36:47.199> state<01:36:47.639> policy<01:36:48.199> at<01:36:48.360> eff<01:36:49.119> so align:start position:0% manage all of our state policy at eff so align:start position:0% manage all of our state policy at eff so um<01:36:49.920> very<01:36:50.159> involved<01:36:50.840> especially<01:36:51.159> in<01:36:51.239> the align:start position:0% um very involved especially in the align:start position:0% um very involved especially in the California<01:36:51.840> legislature<01:36:52.360> both<01:36:52.560> because align:start position:0% California legislature both because align:start position:0% California legislature both because we're<01:36:52.920> here<01:36:53.119> and<01:36:53.239> because<01:36:53.679> California<01:36:54.119> is align:start position:0% we're here and because California is align:start position:0% we're here and because California is often<01:36:54.440> a<01:36:54.520> first<01:36:54.880> mover<01:36:55.880> um<01:36:56.239> so<01:36:56.480> really<01:36:56.679> just align:start position:0% often a first mover um so really just align:start position:0% often a first mover um so really just looking<01:36:57.280> at<01:36:57.800> um<01:36:58.040> AI<01:36:58.440> issues<01:36:59.080> from<01:36:59.639> the<01:36:59.760> lens align:start position:0% looking at um AI issues from the lens align:start position:0% looking at um AI issues from the lens that<01:37:00.159> we<01:37:00.320> always<01:37:00.679> have<01:37:00.960> right<01:37:01.119> defending align:start position:0% that we always have right defending align:start position:0% that we always have right defending users<01:37:02.080> making<01:37:02.320> sure<01:37:02.840> that<01:37:03.320> um<01:37:04.040> that align:start position:0% users making sure that um that align:start position:0% users making sure that um that independent<01:37:04.920> people<01:37:05.239> can<01:37:05.440> break<01:37:05.679> into<01:37:06.000> the align:start position:0% independent people can break into the align:start position:0% independent people can break into the break<01:37:06.440> into<01:37:06.679> the<01:37:06.800> market<01:37:07.360> and<01:37:07.760> um<01:37:07.920> just<01:37:08.080> really align:start position:0% break into the market and um just really align:start position:0% break into the market and um just really trying<01:37:08.560> to<01:37:08.800> make<01:37:08.960> sure<01:37:09.400> that<01:37:10.000> uh<01:37:10.920> legislation align:start position:0% trying to make sure that uh legislation align:start position:0% trying to make sure that uh legislation doesn't<01:37:11.719> pick<01:37:11.880> winners<01:37:12.159> and align:start position:0% doesn't pick winners and align:start position:0% doesn't pick winners and losers<01:37:14.520> I'm<01:37:14.639> Joel<01:37:15.280> uh<01:37:15.440> I'm<01:37:15.600> with<01:37:15.760> the<01:37:15.960> Milla align:start position:0% losers I'm Joel uh I'm with the Milla align:start position:0% losers I'm Joel uh I'm with the Milla team<01:37:17.239> um<01:37:17.480> and<01:37:17.920> so<01:37:18.159> so<01:37:18.360> Milla<01:37:19.320> uh<01:37:19.440> is<01:37:19.639> up<01:37:19.800> here<01:37:19.960> in align:start position:0% team um and so so Milla uh is up here in align:start position:0% team um and so so Milla uh is up here in part<01:37:20.400> because<01:37:20.840> we<01:37:21.239> you<01:37:21.360> know<01:37:21.520> as<01:37:21.679> Luther align:start position:0% part because we you know as Luther align:start position:0% part because we you know as Luther alluded<01:37:22.400> to<01:37:22.679> are<01:37:23.159> not<01:37:23.320> just<01:37:23.520> just<01:37:23.639> a<01:37:23.719> company align:start position:0% alluded to are not just just a company align:start position:0% alluded to are not just just a company that<01:37:24.280> builds<01:37:24.719> products<01:37:25.119> like<01:37:25.360> the<01:37:25.679> you<01:37:25.760> know align:start position:0% that builds products like the you know align:start position:0% that builds products like the you know Firefox<01:37:26.440> browser<01:37:26.840> that<01:37:26.920> you<01:37:27.040> all<01:37:27.199> might<01:37:27.360> be align:start position:0% Firefox browser that you all might be align:start position:0% Firefox browser that you all might be familiar<01:37:27.960> with<01:37:28.159> but<01:37:28.280> we're<01:37:28.480> also<01:37:29.000> you<01:37:29.119> know align:start position:0% familiar with but we're also you know align:start position:0% familiar with but we're also you know owned<01:37:29.679> by<01:37:30.080> a<01:37:30.440> foundation<01:37:31.040> and<01:37:31.119> that's<01:37:31.239> a align:start position:0% owned by a foundation and that's a align:start position:0% owned by a foundation and that's a really<01:37:31.800> crucial<01:37:32.199> part<01:37:32.320> of<01:37:32.440> our<01:37:32.600> work<01:37:32.840> is<01:37:33.000> you align:start position:0% really crucial part of our work is you align:start position:0% really crucial part of our work is you know<01:37:33.440> kind<01:37:33.560> of<01:37:33.840> fighting<01:37:34.199> for<01:37:34.480> an<01:37:34.639> open align:start position:0% know kind of fighting for an open align:start position:0% know kind of fighting for an open internet<01:37:35.400> and<01:37:35.800> especially<01:37:36.159> you<01:37:36.239> know<01:37:36.400> things align:start position:0% internet and especially you know things align:start position:0% internet and especially you know things like<01:37:36.800> open<01:37:37.040> source<01:37:37.360> and<01:37:37.600> as<01:37:37.920> you<01:37:38.040> know<01:37:38.199> AI<01:37:38.560> has align:start position:0% like open source and as you know AI has align:start position:0% like open source and as you know AI has risen<01:37:39.000> in<01:37:39.159> prominence<01:37:39.599> and<01:37:39.800> missa<01:37:40.199> has align:start position:0% risen in prominence and missa has align:start position:0% risen in prominence and missa has increasingly<01:37:41.080> you<01:37:41.199> know<01:37:41.320> kind<01:37:41.440> of<01:37:41.560> entered align:start position:0% increasingly you know kind of entered align:start position:0% increasingly you know kind of entered that<01:37:42.119> space<01:37:42.760> um<01:37:43.080> you<01:37:43.159> know<01:37:43.320> AI<01:37:43.639> is<01:37:43.760> taking<01:37:44.000> up<01:37:44.159> a align:start position:0% that space um you know AI is taking up a align:start position:0% that space um you know AI is taking up a much<01:37:44.480> larger<01:37:44.880> portion<01:37:45.199> of<01:37:45.400> you<01:37:45.520> know<01:37:45.800> what align:start position:0% much larger portion of you know what align:start position:0% much larger portion of you know what we're<01:37:46.159> thinking<01:37:46.480> about<01:37:46.880> we<01:37:47.000> had<01:37:47.080> a<01:37:47.239> Columbia align:start position:0% we're thinking about we had a Columbia align:start position:0% we're thinking about we had a Columbia convening<01:37:48.119> recently<01:37:48.880> where<01:37:49.000> we<01:37:49.239> B<01:37:49.520> where<01:37:49.880> we align:start position:0% convening recently where we B where we align:start position:0% convening recently where we B where we brought<01:37:50.440> together<01:37:50.679> 40<01:37:51.199> folks<01:37:51.560> from<01:37:52.000> you<01:37:52.119> know align:start position:0% brought together 40 folks from you know align:start position:0% brought together 40 folks from you know kind<01:37:52.400> of<01:37:52.560> the<01:37:52.719> open<01:37:52.960> source<01:37:53.239> a<01:37:53.560> community<01:37:53.920> and align:start position:0% kind of the open source a community and align:start position:0% kind of the open source a community and discussed<01:37:54.719> many<01:37:54.920> of<01:37:55.000> the<01:37:55.159> topics<01:37:55.440> that<01:37:55.560> have align:start position:0% discussed many of the topics that have align:start position:0% discussed many of the topics that have kind<01:37:55.840> of<01:37:55.960> been<01:37:56.119> highlighted<01:37:56.560> here<01:37:56.719> today<01:37:57.440> so align:start position:0% kind of been highlighted here today so align:start position:0% kind of been highlighted here today so um<01:37:57.960> you<01:37:58.080> know<01:37:58.280> we<01:37:58.599> we<01:37:58.800> really<01:37:59.000> feel<01:37:59.400> strongly align:start position:0% um you know we we really feel strongly align:start position:0% um you know we we really feel strongly about<01:38:00.040> you<01:38:00.159> know<01:38:00.400> supporting<01:38:01.000> the<01:38:01.360> the<01:38:01.599> open align:start position:0% about you know supporting the the open align:start position:0% about you know supporting the the open source<01:38:02.239> ecosystem<01:38:02.800> and<01:38:02.920> the<01:38:03.080> open<01:38:03.360> AI align:start position:0% source ecosystem and the open AI align:start position:0% source ecosystem and the open AI ecosystem<01:38:04.639> to<01:38:04.840> making<01:38:05.360> to<01:38:05.480> make<01:38:05.639> sure<01:38:05.880> that align:start position:0% ecosystem to making to make sure that align:start position:0% ecosystem to making to make sure that you<01:38:06.080> know<01:38:06.239> there<01:38:06.440> is<01:38:06.800> kind<01:38:06.920> of<01:38:07.040> Fair align:start position:0% you know there is kind of Fair align:start position:0% you know there is kind of Fair competition<01:38:07.840> for<01:38:08.080> folks<01:38:08.960> hey<01:38:09.199> um<01:38:09.400> I'm<01:38:09.679> I'm<01:38:09.880> gas align:start position:0% competition for folks hey um I'm I'm gas align:start position:0% competition for folks hey um I'm I'm gas I<01:38:10.400> am<01:38:10.599> with<01:38:10.800> Omar<01:38:11.280> Network<01:38:11.760> which<01:38:11.880> is<01:38:12.199> one<01:38:12.320> of align:start position:0% I am with Omar Network which is one of align:start position:0% I am with Omar Network which is one of the<01:38:12.599> many<01:38:12.960> philanthropic<01:38:13.560> vehicles<01:38:13.920> of<01:38:14.119> Pier align:start position:0% the many philanthropic vehicles of Pier align:start position:0% the many philanthropic vehicles of Pier Omar<01:38:14.800> the<01:38:14.920> founder<01:38:15.159> of<01:38:15.320> eBay<01:38:15.760> so<01:38:16.480> we<01:38:17.480> long<01:38:17.639> time align:start position:0% Omar the founder of eBay so we long time align:start position:0% Omar the founder of eBay so we long time ago<01:38:17.960> we<01:38:18.080> come<01:38:18.280> from<01:38:18.800> from<01:38:18.960> cagon<01:38:19.360> Valley<01:38:19.599> as align:start position:0% ago we come from from cagon Valley as align:start position:0% ago we come from from cagon Valley as well<01:38:20.360> and<01:38:20.599> we<01:38:20.760> just<01:38:20.920> announced<01:38:21.199> a<01:38:21.320> new align:start position:0% well and we just announced a new align:start position:0% well and we just announced a new strategy<01:38:22.040> we're<01:38:22.239> going<01:38:22.360> to<01:38:22.560> be<01:38:22.719> focusing align:start position:0% strategy we're going to be focusing align:start position:0% strategy we're going to be focusing mainly<01:38:23.800> on<01:38:24.000> Tech<01:38:24.920> and<01:38:25.400> the<01:38:25.599> reason<01:38:26.040> why<01:38:26.360> I'm align:start position:0% mainly on Tech and the reason why I'm align:start position:0% mainly on Tech and the reason why I'm really<01:38:26.760> happy<01:38:27.000> to<01:38:27.080> be<01:38:27.320> here<01:38:27.800> working<01:38:28.199> with align:start position:0% really happy to be here working with align:start position:0% really happy to be here working with with<01:38:28.520> Luther<01:38:28.920> and<01:38:29.080> with<01:38:29.239> FR<01:38:29.599> Mozilla<01:38:30.000> and<01:38:30.119> eff align:start position:0% with Luther and with FR Mozilla and eff align:start position:0% with Luther and with FR Mozilla and eff is<01:38:30.599> that<01:38:31.400> um<01:38:32.320> we<01:38:32.480> think<01:38:33.119> that<01:38:34.119> what<01:38:34.320> we<01:38:34.520> want<01:38:34.920> is align:start position:0% is that um we think that what we want is align:start position:0% is that um we think that what we want is so<01:38:35.400> you<01:38:35.639> can<01:38:36.199> you<01:38:36.320> can<01:38:36.520> succeed<01:38:37.080> right<01:38:37.239> we<01:38:37.360> want align:start position:0% so you can you can succeed right we want align:start position:0% so you can you can succeed right we want we<01:38:38.040> we<01:38:38.199> believe<01:38:38.440> in<01:38:38.599> competitive<01:38:39.040> markets<01:38:39.880> we align:start position:0% we we believe in competitive markets we align:start position:0% we we believe in competitive markets we believe<01:38:40.360> in<01:38:40.480> like<01:38:40.639> open<01:38:40.920> source<01:38:41.199> and<01:38:41.440> tools align:start position:0% believe in like open source and tools align:start position:0% believe in like open source and tools that<01:38:42.800> um<01:38:43.560> that<01:38:43.840> that<01:38:44.000> allow<01:38:44.800> creators align:start position:0% that um that that allow creators align:start position:0% that um that that allow creators entrepreneurs<01:38:45.880> to<01:38:46.280> to<01:38:46.560> to<01:38:46.760> succeed<01:38:47.480> and<01:38:47.639> we align:start position:0% entrepreneurs to to to succeed and we align:start position:0% entrepreneurs to to to succeed and we like<01:38:48.040> f<01:38:48.320> rules<01:38:48.639> of<01:38:48.960> of<01:38:49.119> the<01:38:49.280> game<01:38:49.880> uh<01:38:50.119> the<01:38:50.239> game align:start position:0% like f rules of of the game uh the game align:start position:0% like f rules of of the game uh the game for<01:38:50.679> everyone<01:38:51.679> um<01:38:51.960> and<01:38:52.239> yeah<01:38:52.480> so<01:38:52.679> that's<01:38:53.159> uh align:start position:0% for everyone um and yeah so that's uh align:start position:0% for everyone um and yeah so that's uh that's<01:38:53.440> that's<01:38:53.560> what<01:38:53.639> we<01:38:53.760> stand<01:38:53.960> for<01:38:54.159> and align:start position:0% that's that's what we stand for and align:start position:0% that's that's what we stand for and that's<01:38:54.400> what<01:38:54.520> we're<01:38:54.679> happy<01:38:54.880> to<01:38:54.960> be<01:38:55.159> here align:start position:0% that's what we're happy to be here align:start position:0% that's what we're happy to be here amazing<01:38:56.239> thank<01:38:56.400> you<01:38:56.840> so<01:38:57.520> uh<01:38:57.800> Joel<01:38:58.199> can<01:38:58.320> we align:start position:0% amazing thank you so uh Joel can we align:start position:0% amazing thank you so uh Joel can we start<01:38:58.679> with<01:38:58.840> you<01:38:59.239> tell<01:38:59.400> us<01:38:59.560> a<01:38:59.679> little<01:38:59.840> bit align:start position:0% start with you tell us a little bit align:start position:0% start with you tell us a little bit about<01:39:00.400> mozilla's<01:39:01.040> new<01:39:01.239> report<01:39:01.800> on<01:39:02.040> model<01:39:02.360> evil align:start position:0% about mozilla's new report on model evil align:start position:0% about mozilla's new report on model evil testing<01:39:03.280> and<01:39:03.440> open align:start position:0% testing and open align:start position:0% testing and open source<01:39:05.239> yeah<01:39:05.400> so<01:39:05.679> so<01:39:06.159> out<01:39:06.320> of<01:39:06.520> this<01:39:06.800> uh align:start position:0% source yeah so so out of this uh align:start position:0% source yeah so so out of this uh Colombia<01:39:07.440> convening<01:39:07.840> that<01:39:07.960> we<01:39:08.080> did<01:39:08.320> basically align:start position:0% Colombia convening that we did basically align:start position:0% Colombia convening that we did basically you<01:39:09.080> know<01:39:09.239> as<01:39:09.520> as<01:39:09.599> I<01:39:09.719> talked<01:39:09.960> about<01:39:10.119> we<01:39:10.239> brought align:start position:0% you know as as I talked about we brought align:start position:0% you know as as I talked about we brought together<01:39:10.800> you<01:39:10.920> know<01:39:11.040> kind<01:39:11.119> of<01:39:11.239> 40<01:39:11.520> top<01:39:11.719> minds align:start position:0% together you know kind of 40 top minds align:start position:0% together you know kind of 40 top minds and<01:39:12.360> you<01:39:12.440> know<01:39:12.599> the<01:39:12.719> open<01:39:12.960> source<01:39:13.159> and<01:39:13.320> AI align:start position:0% and you know the open source and AI align:start position:0% and you know the open source and AI communities<01:39:14.119> and<01:39:14.239> I<01:39:14.320> think<01:39:14.679> you<01:39:14.760> know<01:39:14.920> if<01:39:15.040> I align:start position:0% communities and I think you know if I align:start position:0% communities and I think you know if I can<01:39:15.280> underline<01:39:15.960> one<01:39:16.199> thing<01:39:16.560> that<01:39:16.800> that<01:39:16.960> kind align:start position:0% can underline one thing that that kind align:start position:0% can underline one thing that that kind of<01:39:17.239> came<01:39:17.440> out<01:39:17.560> of<01:39:17.679> this<01:39:17.840> convening<01:39:18.280> into<01:39:18.560> two align:start position:0% of came out of this convening into two align:start position:0% of came out of this convening into two reports<01:39:19.080> and<01:39:19.400> I'm<01:39:19.520> not<01:39:19.599> going<01:39:19.719> to<01:39:19.800> do<01:39:19.920> it align:start position:0% reports and I'm not going to do it align:start position:0% reports and I'm not going to do it justice<01:39:20.440> you<01:39:20.520> should<01:39:20.639> go<01:39:20.760> to<01:39:20.840> the<01:39:20.920> Milla<01:39:21.320> blog align:start position:0% justice you should go to the Milla blog align:start position:0% justice you should go to the Milla blog and<01:39:21.639> check<01:39:21.800> out<01:39:22.000> the<01:39:22.199> full<01:39:22.679> report<01:39:23.040> but<01:39:23.400> I align:start position:0% and check out the full report but I align:start position:0% and check out the full report but I think<01:39:23.639> really<01:39:23.840> it<01:39:24.000> emphasized<01:39:24.639> that<01:39:25.080> when align:start position:0% think really it emphasized that when align:start position:0% think really it emphasized that when we're<01:39:25.400> thinking<01:39:25.679> about<01:39:25.960> Ai<01:39:26.480> and<01:39:26.719> I<01:39:26.760> think align:start position:0% we're thinking about Ai and I think align:start position:0% we're thinking about Ai and I think chair<01:39:27.199> Khan<01:39:27.480> talked<01:39:27.719> about<01:39:27.880> this<01:39:28.000> a<01:39:28.119> little align:start position:0% chair Khan talked about this a little align:start position:0% chair Khan talked about this a little bit<01:39:28.719> is<01:39:28.840> that<01:39:29.000> we<01:39:29.159> can't<01:39:29.440> just<01:39:29.639> be<01:39:29.800> thinking align:start position:0% bit is that we can't just be thinking align:start position:0% bit is that we can't just be thinking about<01:39:30.560> you<01:39:30.639> know<01:39:30.880> the<01:39:31.080> the<01:39:31.199> the<01:39:31.360> standard align:start position:0% about you know the the the standard align:start position:0% about you know the the the standard definition<01:39:32.080> of<01:39:32.199> Open<01:39:32.480> Source<01:39:32.760> doesn't<01:39:33.080> you align:start position:0% definition of Open Source doesn't you align:start position:0% definition of Open Source doesn't you know<01:39:33.800> copy<01:39:34.159> paste<01:39:34.560> exactly<01:39:35.080> when<01:39:35.199> we're align:start position:0% know copy paste exactly when we're align:start position:0% know copy paste exactly when we're thinking<01:39:35.679> from<01:39:36.040> traditional<01:39:36.440> software<01:39:36.800> to<01:39:36.960> AI align:start position:0% thinking from traditional software to AI align:start position:0% thinking from traditional software to AI so<01:39:37.360> we<01:39:37.520> have<01:39:37.599> to<01:39:37.760> think<01:39:37.920> about<01:39:38.320> kind<01:39:38.440> of<01:39:38.639> the align:start position:0% so we have to think about kind of the align:start position:0% so we have to think about kind of the the<01:39:38.880> full<01:39:39.360> stack<01:39:39.719> of<01:39:40.159> AI<01:39:40.639> as<01:39:40.760> we're<01:39:41.159> as<01:39:41.239> we're align:start position:0% the full stack of AI as we're as we're align:start position:0% the full stack of AI as we're as we're you<01:39:41.920> know<01:39:42.080> engaging<01:39:42.520> with<01:39:42.679> it<01:39:42.920> everything align:start position:0% you know engaging with it everything align:start position:0% you know engaging with it everything from<01:39:43.440> you<01:39:43.520> know<01:39:43.679> kind<01:39:43.800> of<01:39:43.960> the<01:39:44.159> the<01:39:44.280> artifacts align:start position:0% from you know kind of the the artifacts align:start position:0% from you know kind of the the artifacts to<01:39:45.320> even<01:39:45.560> like<01:39:45.840> documentation<01:39:46.520> and<01:39:46.760> how<01:39:47.119> you align:start position:0% to even like documentation and how you align:start position:0% to even like documentation and how you know<01:39:47.520> how<01:39:47.840> open<01:39:48.080> or<01:39:48.280> closed<01:39:48.719> that<01:39:48.880> sort<01:39:49.040> of align:start position:0% know how open or closed that sort of align:start position:0% know how open or closed that sort of thing<01:39:49.480> is<01:39:50.119> uh<01:39:50.239> for<01:39:50.520> for<01:39:50.719> users<01:39:51.159> but<01:39:51.360> also<01:39:51.880> I'd align:start position:0% thing is uh for for users but also I'd align:start position:0% thing is uh for for users but also I'd say<01:39:52.440> the<01:39:52.639> the<01:39:52.760> the<01:39:52.840> big<01:39:53.000> take<01:39:53.560> and<01:39:53.679> this align:start position:0% say the the the big take and this align:start position:0% say the the the big take and this probably<01:39:54.360> won't<01:39:54.560> be<01:39:54.679> a<01:39:54.800> surprise<01:39:55.119> for<01:39:55.280> many<01:39:55.480> of align:start position:0% probably won't be a surprise for many of align:start position:0% probably won't be a surprise for many of you<01:39:56.119> is<01:39:56.360> that<01:39:56.800> um<01:39:57.119> you<01:39:57.239> know<01:39:57.400> open<01:39:57.679> source<01:39:58.000> is align:start position:0% you is that um you know open source is align:start position:0% you is that um you know open source is really<01:39:58.639> really<01:39:58.960> impactful<01:39:59.560> and<01:39:59.800> really align:start position:0% really really impactful and really align:start position:0% really really impactful and really useful<01:40:00.679> not<01:40:00.880> just<01:40:01.000> for<01:40:01.360> spurring<01:40:01.639> Innovation align:start position:0% useful not just for spurring Innovation align:start position:0% useful not just for spurring Innovation but<01:40:02.239> for<01:40:02.400> doing<01:40:02.679> things<01:40:03.000> like<01:40:03.280> you<01:40:03.360> know align:start position:0% but for doing things like you know align:start position:0% but for doing things like you know making<01:40:03.840> it<01:40:04.080> making<01:40:04.320> it<01:40:04.520> more<01:40:04.880> possible<01:40:05.320> for align:start position:0% making it making it more possible for align:start position:0% making it making it more possible for you<01:40:05.880> know<01:40:06.040> researchers<01:40:06.560> to<01:40:06.800> find<01:40:07.440> elements<01:40:07.800> of align:start position:0% you know researchers to find elements of align:start position:0% you know researchers to find elements of bias<01:40:08.639> when<01:40:08.920> you<01:40:09.040> know<01:40:09.440> someone<01:40:09.719> is<01:40:09.880> producing align:start position:0% bias when you know someone is producing align:start position:0% bias when you know someone is producing when<01:40:10.560> someone<01:40:10.800> is<01:40:10.960> producing<01:40:11.360> something align:start position:0% when someone is producing something align:start position:0% when someone is producing something making<01:40:12.119> it<01:40:12.480> easier<01:40:12.840> for<01:40:13.000> people<01:40:13.199> to<01:40:13.360> find<01:40:13.639> if align:start position:0% making it easier for people to find if align:start position:0% making it easier for people to find if there<01:40:13.880> might<01:40:14.040> be<01:40:14.159> a<01:40:14.480> cyber<01:40:14.760> security align:start position:0% there might be a cyber security align:start position:0% there might be a cyber security vulnerability<01:40:16.159> and<01:40:16.320> eliminating<01:40:16.840> some<01:40:16.960> of align:start position:0% vulnerability and eliminating some of align:start position:0% vulnerability and eliminating some of the<01:40:17.239> dependencies<01:40:18.000> that<01:40:18.280> you<01:40:18.440> might<01:40:18.719> get<01:40:19.040> from align:start position:0% the dependencies that you might get from align:start position:0% the dependencies that you might get from you<01:40:19.599> know<01:40:19.840> one<01:40:20.159> single<01:40:20.560> closed<01:40:20.960> Source align:start position:0% you know one single closed Source align:start position:0% you know one single closed Source company<01:40:21.840> I<01:40:21.880> mean<01:40:22.480> I<01:40:22.599> think<01:40:22.760> many<01:40:22.920> of<01:40:23.040> us<01:40:23.159> are align:start position:0% company I mean I think many of us are align:start position:0% company I mean I think many of us are probably<01:40:23.599> still<01:40:23.760> thinking<01:40:24.000> about<01:40:24.159> the<01:40:24.280> crowd align:start position:0% probably still thinking about the crowd align:start position:0% probably still thinking about the crowd strike<01:40:24.840> thing<01:40:25.000> that<01:40:25.119> happened<01:40:25.400> a<01:40:25.480> couple<01:40:25.760> days align:start position:0% strike thing that happened a couple days align:start position:0% strike thing that happened a couple days ago<01:40:26.280> and<01:40:26.400> I'm<01:40:26.520> not<01:40:26.679> saying<01:40:27.000> you<01:40:27.119> know<01:40:27.239> open align:start position:0% ago and I'm not saying you know open align:start position:0% ago and I'm not saying you know open source<01:40:27.760> will<01:40:27.960> necessarily<01:40:28.480> solve<01:40:28.960> you<01:40:29.080> know align:start position:0% source will necessarily solve you know align:start position:0% source will necessarily solve you know everything<01:40:29.679> like<01:40:29.840> that<01:40:30.000> but<01:40:30.119> it<01:40:30.280> definitely align:start position:0% everything like that but it definitely align:start position:0% everything like that but it definitely creates<01:40:31.199> an<01:40:31.400> environment<01:40:31.920> where<01:40:32.119> more<01:40:32.360> people align:start position:0% creates an environment where more people align:start position:0% creates an environment where more people can<01:40:32.800> have<01:40:32.960> more<01:40:33.239> eyes<01:40:33.480> on<01:40:33.719> something<01:40:34.320> and<01:40:34.400> you align:start position:0% can have more eyes on something and you align:start position:0% can have more eyes on something and you can<01:40:34.639> help<01:40:34.880> eliminate<01:40:35.400> some<01:40:35.520> of<01:40:35.719> those<01:40:36.040> risks align:start position:0% can help eliminate some of those risks align:start position:0% can help eliminate some of those risks all<01:40:37.199> of<01:40:37.320> you<01:40:37.520> sort<01:40:37.719> of<01:40:37.840> represent<01:40:38.440> I<01:40:38.599> and<01:40:38.719> maybe align:start position:0% all of you sort of represent I and maybe align:start position:0% all of you sort of represent I and maybe this<01:40:39.080> isn't<01:40:39.440> fair<01:40:39.800> maybe<01:40:40.000> some<01:40:40.159> of<01:40:40.280> you<01:40:40.360> would align:start position:0% this isn't fair maybe some of you would align:start position:0% this isn't fair maybe some of you would sort<01:40:40.639> of<01:40:40.719> brand<01:40:41.040> yourselves<01:40:41.440> as<01:40:41.599> oh<01:40:41.800> we're<01:40:41.960> not align:start position:0% sort of brand yourselves as oh we're not align:start position:0% sort of brand yourselves as oh we're not left<01:40:42.560> or<01:40:42.800> right<01:40:42.960> we're<01:40:43.119> sort<01:40:43.239> of<01:40:43.360> in<01:40:43.480> the align:start position:0% left or right we're sort of in the align:start position:0% left or right we're sort of in the Middle<01:40:44.000> where<01:40:44.520> we<01:40:44.639> can<01:40:44.880> we<01:40:45.040> have<01:40:45.679> issues<01:40:46.000> where align:start position:0% Middle where we can we have issues where align:start position:0% Middle where we can we have issues where we<01:40:46.280> agree<01:40:46.520> with<01:40:46.719> folks<01:40:46.920> that<01:40:47.040> are<01:40:47.159> right<01:40:47.320> of align:start position:0% we agree with folks that are right of align:start position:0% we agree with folks that are right of Center<01:40:47.920> and<01:40:48.119> left<01:40:48.320> of<01:40:48.440> center<01:40:49.159> but<01:40:49.320> I<01:40:49.480> kind<01:40:49.560> of align:start position:0% Center and left of center but I kind of align:start position:0% Center and left of center but I kind of think<01:40:49.960> of<01:40:50.719> uh<01:40:51.639> this<01:40:51.880> sort<01:40:52.040> of<01:40:52.199> Civil<01:40:52.480> Society align:start position:0% think of uh this sort of Civil Society align:start position:0% think of uh this sort of Civil Society ecosystem<01:40:53.280> system<01:40:53.639> as<01:40:54.159> as<01:40:54.360> being<01:40:54.719> a<01:40:54.880> bit<01:40:55.480> uh align:start position:0% ecosystem system as as being a bit uh align:start position:0% ecosystem system as as being a bit uh left<01:40:55.960> of<01:40:56.159> center<01:40:57.119> and<01:40:57.360> I'm<01:40:57.560> curious<01:40:58.280> what<01:40:58.480> your align:start position:0% left of center and I'm curious what your align:start position:0% left of center and I'm curious what your sort<01:40:58.960> of<01:40:59.760> personal<01:41:00.760> uh<01:41:00.960> view<01:41:01.280> of<01:41:01.440> like<01:41:01.599> P<01:41:01.840> Doom align:start position:0% sort of personal uh view of like P Doom align:start position:0% sort of personal uh view of like P Doom is<01:41:02.400> like<01:41:02.560> what's<01:41:02.719> your<01:41:03.080> probability<01:41:03.760> that<01:41:03.920> we align:start position:0% is like what's your probability that we align:start position:0% is like what's your probability that we are<01:41:04.199> going<01:41:04.320> to<01:41:04.679> face<01:41:05.040> like<01:41:05.719> existential<01:41:06.719> uh align:start position:0% are going to face like existential uh align:start position:0% are going to face like existential uh risk<01:41:07.639> according<01:41:08.639> to<01:41:08.880> AI<01:41:09.320> in<01:41:09.520> in<01:41:09.679> you<01:41:09.760> know<01:41:09.920> the align:start position:0% risk according to AI in in you know the align:start position:0% risk according to AI in in you know the next<01:41:10.239> handful<01:41:11.000> of<01:41:11.199> years<01:41:11.480> or<01:41:11.639> maybe<01:41:11.880> the<01:41:12.000> next align:start position:0% next handful of years or maybe the next align:start position:0% next handful of years or maybe the next you<01:41:12.560> know<01:41:12.800> maybe<01:41:13.040> give<01:41:13.199> your<01:41:13.320> own<01:41:13.560> timeline align:start position:0% you know maybe give your own timeline align:start position:0% you know maybe give your own timeline but<01:41:14.800> um<01:41:15.080> because<01:41:15.840> one<01:41:16.040> thing<01:41:16.199> I've<01:41:16.360> been align:start position:0% but um because one thing I've been align:start position:0% but um because one thing I've been learning<01:41:16.880> as<01:41:17.040> I<01:41:17.280> sort<01:41:17.440> of<01:41:17.639> get<01:41:18.119> uh<01:41:18.239> neck<01:41:18.599> deep align:start position:0% learning as I sort of get uh neck deep align:start position:0% learning as I sort of get uh neck deep in<01:41:19.080> AI<01:41:19.440> politics<01:41:19.960> it's<01:41:20.159> very<01:41:20.360> strange<01:41:20.800> to align:start position:0% in AI politics it's very strange to align:start position:0% in AI politics it's very strange to predict<01:41:22.040> which<01:41:22.639> organization<01:41:23.719> or<01:41:23.920> individual align:start position:0% predict which organization or individual align:start position:0% predict which organization or individual based<01:41:24.960> on<01:41:25.159> where<01:41:25.360> they<01:41:25.560> sit<01:41:25.840> on<01:41:25.960> the<01:41:26.080> political align:start position:0% based on where they sit on the political align:start position:0% based on where they sit on the political spectrum<01:41:27.599> is<01:41:27.760> going<01:41:27.840> to<01:41:28.040> fall<01:41:28.280> here<01:41:28.520> so<01:41:28.679> I'd align:start position:0% spectrum is going to fall here so I'd align:start position:0% spectrum is going to fall here so I'd love<01:41:28.960> for<01:41:29.080> you<01:41:29.199> all<01:41:29.320> to<01:41:29.520> kind<01:41:29.639> of<01:41:30.440> tell<01:41:30.679> us<01:41:30.960> what align:start position:0% love for you all to kind of tell us what align:start position:0% love for you all to kind of tell us what what's<01:41:31.280> your<01:41:31.520> personal<01:41:31.960> P<01:41:32.239> Doom<01:41:32.800> how<01:41:32.920> do<01:41:33.040> you align:start position:0% what's your personal P Doom how do you align:start position:0% what's your personal P Doom how do you think<01:41:33.400> about<01:41:34.040> uh<01:41:34.199> these<01:41:34.639> this<01:41:34.840> tension align:start position:0% think about uh these this tension align:start position:0% think about uh these this tension between<01:41:35.520> safety<01:41:35.880> and align:start position:0% between safety and align:start position:0% between safety and openness<01:41:37.960> um<01:41:38.280> first<01:41:38.920> um<01:41:39.040> so<01:41:39.400> humans<01:41:39.679> are align:start position:0% openness um first um so humans are align:start position:0% openness um first um so humans are really<01:41:40.080> bad<01:41:40.239> at<01:41:40.360> predicting<01:41:40.719> the<01:41:40.840> future<01:41:41.800> uh align:start position:0% really bad at predicting the future uh align:start position:0% really bad at predicting the future uh and<01:41:42.760> right<01:41:43.360> um<01:41:43.520> so<01:41:43.800> I<01:41:43.880> think<01:41:44.080> that<01:41:44.199> we<01:41:44.320> need<01:41:44.480> to align:start position:0% and right um so I think that we need to align:start position:0% and right um so I think that we need to be<01:41:45.239> careful<01:41:45.560> and<01:41:45.719> mindful<01:41:46.080> like<01:41:46.239> we<01:41:46.320> shouldn't align:start position:0% be careful and mindful like we shouldn't align:start position:0% be careful and mindful like we shouldn't not<01:41:46.840> learn<01:41:47.199> the<01:41:47.360> wrong<01:41:47.599> lessons<01:41:47.920> from<01:41:48.080> the align:start position:0% not learn the wrong lessons from the align:start position:0% not learn the wrong lessons from the past<01:41:48.560> right<01:41:48.760> like<01:41:49.040> we<01:41:49.199> think<01:41:49.360> of<01:41:49.520> ptic<01:41:49.880> policy align:start position:0% past right like we think of ptic policy align:start position:0% past right like we think of ptic policy yes<01:41:50.520> some<01:41:50.719> things<01:41:50.960> went<01:41:51.520> wrong<01:41:52.520> uh<01:41:52.639> in<01:41:52.760> the align:start position:0% yes some things went wrong uh in the align:start position:0% yes some things went wrong uh in the last<01:41:53.280> 20<01:41:53.480> years<01:41:53.679> many<01:41:53.880> things<01:41:54.320> went<01:41:54.560> wrong<01:41:55.199> we align:start position:0% last 20 years many things went wrong we align:start position:0% last 20 years many things went wrong we need<01:41:55.560> to<01:41:56.480> we<01:41:56.560> need<01:41:56.719> to<01:41:56.840> address<01:41:57.119> them<01:41:57.400> but<01:41:57.639> I align:start position:0% need to we need to address them but I align:start position:0% need to we need to address them but I think<01:41:58.080> to<01:41:59.080> something<01:41:59.360> that<01:41:59.480> Lena<01:41:59.760> said<01:41:59.960> very align:start position:0% think to something that Lena said very align:start position:0% think to something that Lena said very clearly<01:42:00.440> L<01:42:00.679> KH<01:42:00.960> very<01:42:01.080> clearly<01:42:01.440> said<01:42:02.119> for<01:42:02.639> for align:start position:0% clearly L KH very clearly said for for align:start position:0% clearly L KH very clearly said for for for<01:42:03.239> a<01:42:03.400> long<01:42:03.880> period<01:42:04.159> of<01:42:04.320> time<01:42:04.520> it's<01:42:04.639> s<01:42:04.840> that<01:42:04.920> we align:start position:0% for a long period of time it's s that we align:start position:0% for a long period of time it's s that we didn't<01:42:05.199> have<01:42:05.360> the<01:42:05.560> rules<01:42:06.159> to<01:42:07.000> uh<01:42:07.119> to<01:42:07.360> make<01:42:07.520> sure align:start position:0% didn't have the rules to uh to make sure align:start position:0% didn't have the rules to uh to make sure that<01:42:08.040> abuses<01:42:08.440> were<01:42:08.599> not<01:42:08.719> correct<01:42:09.040> so<01:42:09.199> we<01:42:09.280> were align:start position:0% that abuses were not correct so we were align:start position:0% that abuses were not correct so we were not<01:42:09.520> enforcing<01:42:10.119> existing<01:42:10.480> rules<01:42:10.840> rules<01:42:11.040> that align:start position:0% not enforcing existing rules rules that align:start position:0% not enforcing existing rules rules that have<01:42:11.280> been<01:42:11.400> in<01:42:11.480> the<01:42:11.599> books<01:42:11.800> for<01:42:12.000> ages<01:42:12.360> so<01:42:12.480> I align:start position:0% have been in the books for ages so I align:start position:0% have been in the books for ages so I think<01:42:12.719> that<01:42:13.040> we<01:42:13.119> should<01:42:13.280> not<01:42:13.480> repeat<01:42:13.800> that align:start position:0% think that we should not repeat that align:start position:0% think that we should not repeat that mistake<01:42:15.000> and<01:42:15.199> and<01:42:15.360> we<01:42:15.480> should<01:42:16.000> have<01:42:16.719> guard align:start position:0% mistake and and we should have guard align:start position:0% mistake and and we should have guard rails<01:42:17.400> that<01:42:17.560> allow<01:42:17.920> creators<01:42:18.280> and<01:42:18.480> innovators align:start position:0% rails that allow creators and innovators align:start position:0% rails that allow creators and innovators to<01:42:19.320> create<01:42:20.320> without<01:42:21.199> constant<01:42:21.560> fear<01:42:21.760> of align:start position:0% to create without constant fear of align:start position:0% to create without constant fear of liability<01:42:22.639> I<01:42:22.800> I<01:42:22.880> believe<01:42:23.280> that<01:42:23.840> 99%<01:42:24.560> of<01:42:24.719> people align:start position:0% liability I I believe that 99% of people align:start position:0% liability I I believe that 99% of people here<01:42:25.560> are<01:42:25.840> going<01:42:25.960> to<01:42:26.080> be<01:42:26.199> trying<01:42:26.400> to<01:42:26.520> do<01:42:26.679> the align:start position:0% here are going to be trying to do the align:start position:0% here are going to be trying to do the right<01:42:27.040> thing<01:42:27.360> complying<01:42:27.800> with<01:42:27.960> all<01:42:28.119> the<01:42:28.239> rules align:start position:0% right thing complying with all the rules align:start position:0% right thing complying with all the rules the<01:42:29.239> best<01:42:29.400> that<01:42:29.560> you<01:42:29.679> can<01:42:29.920> so<01:42:30.080> if<01:42:30.159> we're<01:42:30.280> going align:start position:0% the best that you can so if we're going align:start position:0% the best that you can so if we're going to<01:42:30.520> have<01:42:30.639> a<01:42:30.840> systems<01:42:31.440> that<01:42:31.760> that<01:42:32.360> that<01:42:32.679> that align:start position:0% to have a systems that that that that align:start position:0% to have a systems that that that that create<01:42:33.679> um<01:42:34.679> that<01:42:34.920> that<01:42:35.080> create<01:42:35.400> obligations align:start position:0% create um that that create obligations align:start position:0% create um that that create obligations we<01:42:36.119> should<01:42:36.360> also<01:42:36.719> treat<01:42:37.320> good<01:42:37.520> citizens align:start position:0% we should also treat good citizens align:start position:0% we should also treat good citizens trying<01:42:38.119> to<01:42:38.199> do<01:42:38.320> the<01:42:38.440> right<01:42:38.599> thing<01:42:38.840> well<01:42:39.480> giv align:start position:0% trying to do the right thing well giv align:start position:0% trying to do the right thing well giv them<01:42:39.960> the<01:42:40.080> right<01:42:40.239> to<01:42:40.440> cure<01:42:41.199> when<01:42:41.480> they align:start position:0% them the right to cure when they align:start position:0% them the right to cure when they discover<01:42:42.159> that<01:42:42.560> well<01:42:43.280> it<01:42:43.480> was<01:42:43.639> a<01:42:43.800> best<01:42:44.040> effort align:start position:0% discover that well it was a best effort align:start position:0% discover that well it was a best effort didn't<01:42:44.719> work<01:42:44.920> out<01:42:45.320> and<01:42:45.480> before<01:42:45.719> get<01:42:45.960> a align:start position:0% didn't work out and before get a align:start position:0% didn't work out and before get a sanction<01:42:46.560> let's<01:42:46.760> try<01:42:47.000> to<01:42:47.239> correct<01:42:47.520> it<01:42:47.719> and<01:42:48.239> and align:start position:0% sanction let's try to correct it and and align:start position:0% sanction let's try to correct it and and and<01:42:48.560> keep<01:42:48.719> moving<01:42:49.000> forward<01:42:49.400> I<01:42:49.480> think<01:42:49.639> that's align:start position:0% and keep moving forward I think that's align:start position:0% and keep moving forward I think that's the<01:42:49.960> kind<01:42:50.119> of<01:42:50.280> like<01:42:50.480> system<01:42:50.760> that<01:42:50.880> we<01:42:50.960> need<01:42:51.080> to align:start position:0% the kind of like system that we need to align:start position:0% the kind of like system that we need to have<01:42:52.280> uh<01:42:52.400> that<01:42:52.520> we<01:42:52.639> need<01:42:52.760> to<01:42:52.880> have<01:42:53.239> in<01:42:53.400> place<01:42:54.280> uh align:start position:0% have uh that we need to have in place uh align:start position:0% have uh that we need to have in place uh and<01:42:55.239> you<01:42:55.400> know<01:42:55.679> I<01:42:55.760> think<01:42:56.000> that<01:42:56.840> in<01:42:57.400> many<01:42:57.599> of<01:42:57.719> the align:start position:0% and you know I think that in many of the align:start position:0% and you know I think that in many of the pie<01:42:58.080> of<01:42:58.159> legislation<01:42:58.639> that<01:42:58.719> we<01:42:58.840> see<01:42:59.000> around align:start position:0% pie of legislation that we see around align:start position:0% pie of legislation that we see around the<01:42:59.360> world<01:42:59.880> that's<01:43:00.159> very<01:43:00.599> improvable<01:43:01.599> um<01:43:01.800> so align:start position:0% the world that's very improvable um so align:start position:0% the world that's very improvable um so hopefully<01:43:02.560> we're<01:43:02.719> gonna<01:43:03.040> we're<01:43:03.159> gonna<01:43:03.400> get align:start position:0% hopefully we're gonna we're gonna get align:start position:0% hopefully we're gonna we're gonna get there<01:43:04.280> the<01:43:04.440> tldr<01:43:05.000> of<01:43:05.199> Gus<01:43:05.480> refuses<01:43:05.840> to<01:43:06.000> answer align:start position:0% there the tldr of Gus refuses to answer align:start position:0% there the tldr of Gus refuses to answer the<01:43:06.400> question align:start position:0% the question align:start position:0% the question next<01:43:09.840> um<01:43:10.639> yeah<01:43:10.920> I'm<01:43:11.040> not<01:43:11.119> sure<01:43:11.280> if<01:43:11.360> you're align:start position:0% next um yeah I'm not sure if you're align:start position:0% next um yeah I'm not sure if you're gonna<01:43:11.639> let<01:43:11.760> me<01:43:12.000> off<01:43:12.239> escate<01:43:12.599> my<01:43:12.719> way<01:43:12.840> out<01:43:12.920> of align:start position:0% gonna let me off escate my way out of align:start position:0% gonna let me off escate my way out of this<01:43:13.239> one<01:43:13.520> but<01:43:13.880> uh<01:43:14.159> yeah<01:43:14.400> yeah<01:43:14.639> I<01:43:14.880> I<01:43:15.320> I<01:43:15.480> think<01:43:15.800> um align:start position:0% this one but uh yeah yeah I I I think um align:start position:0% this one but uh yeah yeah I I I think um it<01:43:16.520> probably<01:43:16.880> frankly<01:43:17.280> it<01:43:17.440> probably<01:43:17.639> depends align:start position:0% it probably frankly it probably depends align:start position:0% it probably frankly it probably depends on<01:43:18.199> how<01:43:18.320> I<01:43:18.440> slept<01:43:18.800> last<01:43:19.000> night<01:43:19.280> is<01:43:19.560> you<01:43:19.679> know<01:43:20.280> is align:start position:0% on how I slept last night is you know is align:start position:0% on how I slept last night is you know is how<01:43:20.760> I'm<01:43:20.840> going<01:43:20.960> to<01:43:21.040> rate<01:43:21.239> my<01:43:21.360> P<01:43:21.599> Doom<01:43:22.080> today<01:43:22.800> um align:start position:0% how I'm going to rate my P Doom today um align:start position:0% how I'm going to rate my P Doom today um so<01:43:23.119> so<01:43:23.280> I<01:43:23.360> think<01:43:23.800> I<01:43:23.960> I<01:43:24.080> would<01:43:24.280> I<01:43:24.320> would<01:43:24.480> say<01:43:24.639> it's align:start position:0% so so I think I I would I would say it's align:start position:0% so so I think I I would I would say it's definitely<01:43:25.320> you<01:43:25.480> know<01:43:26.400> relatively<01:43:27.000> low<01:43:27.480> and<01:43:27.800> I align:start position:0% definitely you know relatively low and I align:start position:0% definitely you know relatively low and I think<01:43:28.320> I<01:43:28.400> think<01:43:28.760> when<01:43:29.080> we<01:43:30.080> part<01:43:30.239> of<01:43:30.440> part<01:43:30.599> of align:start position:0% think I think when we part of part of align:start position:0% think I think when we part of part of the<01:43:30.840> thing<01:43:31.159> that<01:43:32.040> um<01:43:33.040> is<01:43:33.280> hard<01:43:33.520> with<01:43:33.719> this<01:43:33.920> is align:start position:0% the thing that um is hard with this is align:start position:0% the thing that um is hard with this is when<01:43:34.199> you're<01:43:34.360> when<01:43:34.480> you're<01:43:34.599> thinking<01:43:34.800> about<01:43:34.960> a align:start position:0% when you're when you're thinking about a align:start position:0% when you're when you're thinking about a single<01:43:35.360> metric<01:43:35.719> for<01:43:35.880> something<01:43:36.239> it's<01:43:36.400> easy<01:43:36.639> to align:start position:0% single metric for something it's easy to align:start position:0% single metric for something it's easy to it's<01:43:37.159> easy<01:43:37.400> to<01:43:37.520> look<01:43:37.639> at<01:43:37.840> you<01:43:37.920> know<01:43:38.040> all<01:43:38.159> the align:start position:0% it's easy to look at you know all the align:start position:0% it's easy to look at you know all the negativ<01:43:38.599> so<01:43:38.719> when<01:43:38.800> we<01:43:38.920> talk<01:43:39.119> about<01:43:39.320> P<01:43:39.560> Doom align:start position:0% negativ so when we talk about P Doom align:start position:0% negativ so when we talk about P Doom it's<01:43:40.040> you<01:43:40.159> know<01:43:40.480> of<01:43:40.599> course<01:43:40.760> we're<01:43:40.960> thinking align:start position:0% it's you know of course we're thinking align:start position:0% it's you know of course we're thinking like<01:43:41.560> Doom<01:43:41.840> is<01:43:41.960> a<01:43:42.080> big<01:43:42.239> word<01:43:42.560> existential<01:43:43.040> risk align:start position:0% like Doom is a big word existential risk align:start position:0% like Doom is a big word existential risk is<01:43:43.400> a<01:43:43.520> big<01:43:43.679> word<01:43:43.920> but<01:43:44.199> I<01:43:44.280> also<01:43:44.679> like<01:43:45.119> you<01:43:45.239> know<01:43:45.440> I align:start position:0% is a big word but I also like you know I align:start position:0% is a big word but I also like you know I was<01:43:45.800> I<01:43:45.880> was<01:43:46.000> one<01:43:46.119> of<01:43:46.280> those<01:43:46.560> you<01:43:46.679> know<01:43:47.000> I<01:43:47.119> was align:start position:0% was I was one of those you know I was align:start position:0% was I was one of those you know I was one<01:43:47.360> of<01:43:47.480> those<01:43:47.639> people<01:43:47.920> who<01:43:48.280> kind<01:43:48.400> of<01:43:48.560> came<01:43:48.800> up align:start position:0% one of those people who kind of came up align:start position:0% one of those people who kind of came up reading<01:43:49.679> Ray<01:43:49.920> curtz<01:43:50.239> while<01:43:50.560> and<01:43:50.679> you<01:43:50.760> know<01:43:50.920> the align:start position:0% reading Ray curtz while and you know the align:start position:0% reading Ray curtz while and you know the singularity<01:43:51.560> is<01:43:51.679> near<01:43:51.920> and<01:43:52.119> you<01:43:52.199> know<01:43:52.280> I'm align:start position:0% singularity is near and you know I'm align:start position:0% singularity is near and you know I'm definitely<01:43:52.880> with<01:43:53.360> describe<01:43:53.719> myself<01:43:54.000> as<01:43:54.080> a align:start position:0% definitely with describe myself as a align:start position:0% definitely with describe myself as a techno<01:43:54.560> Optimist<01:43:55.080> and<01:43:55.239> I<01:43:55.440> I<01:43:55.520> think<01:43:55.760> that<01:43:56.000> um align:start position:0% techno Optimist and I I think that um align:start position:0% techno Optimist and I I think that um you<01:43:56.400> on<01:43:56.560> that<01:43:56.719> Brian<01:43:57.040> Johnson align:start position:0% you on that Brian Johnson align:start position:0% you on that Brian Johnson does<01:44:00.040> it<01:44:00.199> look<01:44:00.360> like<01:44:00.480> it<01:44:00.599> I<01:44:00.679> got<01:44:00.760> a align:start position:0% does it look like it I got a align:start position:0% does it look like it I got a little<01:44:03.000> don't<01:44:03.199> die<01:44:03.440> baby<01:44:03.840> don't<01:44:04.080> die<01:44:04.360> I<01:44:04.440> think align:start position:0% little don't die baby don't die I think align:start position:0% little don't die baby don't die I think Brian<01:44:04.840> Johnson's<01:44:05.199> coming<01:44:05.360> to<01:44:05.520> Y<01:44:06.199> uh<01:44:06.480> in<01:44:06.560> a align:start position:0% Brian Johnson's coming to Y uh in a align:start position:0% Brian Johnson's coming to Y uh in a month<01:44:06.880> or<01:44:07.000> two<01:44:07.760> I<01:44:08.000> I<01:44:08.119> might<01:44:08.760> might<01:44:08.920> fly<01:44:09.360> out align:start position:0% month or two I I might might fly out align:start position:0% month or two I I might might fly out might<01:44:09.679> fly<01:44:09.880> out<01:44:10.040> for<01:44:10.400> that<01:44:11.400> no<01:44:11.560> so<01:44:11.800> so<01:44:12.000> I<01:44:12.040> would align:start position:0% might fly out for that no so so I would align:start position:0% might fly out for that no so so I would say<01:44:12.360> I<01:44:12.440> would<01:44:12.599> say<01:44:12.840> like<01:44:13.080> look<01:44:13.360> the<01:44:13.719> there's align:start position:0% say I would say like look the there's align:start position:0% say I would say like look the there's there's<01:44:14.080> P<01:44:14.280> Doom<01:44:14.520> out<01:44:14.679> there<01:44:14.840> but<01:44:15.000> like<01:44:15.199> we align:start position:0% there's P Doom out there but like we align:start position:0% there's P Doom out there but like we also<01:44:15.560> got<01:44:15.639> a<01:44:15.800> factor<01:44:16.040> in<01:44:16.199> you<01:44:16.480> pH<01:44:16.760> hope<01:44:16.880> or<01:44:17.119> P align:start position:0% also got a factor in you pH hope or P align:start position:0% also got a factor in you pH hope or P you<01:44:17.679> know<01:44:18.000> the<01:44:18.119> world<01:44:18.320> is<01:44:18.480> going<01:44:18.560> to<01:44:18.719> be<01:44:19.040> really align:start position:0% you know the world is going to be really align:start position:0% you know the world is going to be really fantastic<01:44:19.840> soon<01:44:20.159> I<01:44:20.239> mean<01:44:20.599> this<01:44:20.719> is<01:44:20.840> my<01:44:21.000> first align:start position:0% fantastic soon I mean this is my first align:start position:0% fantastic soon I mean this is my first time<01:44:21.360> back<01:44:21.480> in<01:44:21.639> SF<01:44:21.960> in<01:44:22.040> a<01:44:22.159> long<01:44:22.360> time<01:44:22.599> and<01:44:22.760> this align:start position:0% time back in SF in a long time and this align:start position:0% time back in SF in a long time and this was<01:44:23.199> my<01:44:23.320> first<01:44:23.520> day<01:44:23.920> I<01:44:24.000> got<01:44:24.119> to<01:44:24.280> ride<01:44:24.520> in<01:44:24.679> a align:start position:0% was my first day I got to ride in a align:start position:0% was my first day I got to ride in a self-driving<01:44:25.440> car<01:44:25.840> and<01:44:26.000> how<01:44:26.239> cool<01:44:26.440> is<01:44:26.599> that align:start position:0% self-driving car and how cool is that align:start position:0% self-driving car and how cool is that like<01:44:26.920> I<01:44:27.000> felt<01:44:27.159> like<01:44:27.280> it<01:44:27.360> was<01:44:27.480> in<01:44:27.560> the<01:44:27.639> future align:start position:0% like I felt like it was in the future align:start position:0% like I felt like it was in the future this<01:44:28.080> morning<01:44:28.800> um<01:44:29.080> and<01:44:29.199> so<01:44:29.440> like<01:44:29.920> I<01:44:30.000> have<01:44:30.119> a<01:44:30.199> lot align:start position:0% this morning um and so like I have a lot align:start position:0% this morning um and so like I have a lot of<01:44:30.480> Hope<01:44:30.639> for<01:44:30.840> technology<01:44:31.520> and<01:44:31.639> what<01:44:31.760> it's align:start position:0% of Hope for technology and what it's align:start position:0% of Hope for technology and what it's going<01:44:32.040> to<01:44:32.159> bring<01:44:32.400> so<01:44:32.599> I<01:44:32.679> think<01:44:32.800> we<01:44:32.920> can't<01:44:33.159> just align:start position:0% going to bring so I think we can't just align:start position:0% going to bring so I think we can't just focus<01:44:33.560> on<01:44:33.679> the<01:44:33.760> pom<01:44:34.760> yeah<01:44:34.960> I'll<01:44:35.159> Echo<01:44:35.639> what align:start position:0% focus on the pom yeah I'll Echo what align:start position:0% focus on the pom yeah I'll Echo what they<01:44:35.920> both<01:44:36.080> said<01:44:36.360> I<01:44:36.440> mean<01:44:36.599> and<01:44:36.760> you<01:44:36.840> said align:start position:0% they both said I mean and you said align:start position:0% they both said I mean and you said personal<01:44:37.599> so<01:44:37.760> that's<01:44:37.920> how<01:44:38.040> I'm<01:44:38.159> going<01:44:38.239> to<01:44:38.360> get align:start position:0% personal so that's how I'm going to get align:start position:0% personal so that's how I'm going to get out<01:44:38.599> of<01:44:38.760> this<01:44:38.960> right<01:44:39.159> this<01:44:39.280> is<01:44:39.440> Haley<01:44:39.719> and<01:44:39.840> notf align:start position:0% out of this right this is Haley and notf align:start position:0% out of this right this is Haley and notf necessarily<01:44:41.000> speaking<01:44:41.800> but<01:44:41.960> I<01:44:42.040> mean<01:44:42.360> I<01:44:42.480> think align:start position:0% necessarily speaking but I mean I think align:start position:0% necessarily speaking but I mean I think you<01:44:42.920> know<01:44:43.040> for<01:44:43.199> me<01:44:43.360> in<01:44:43.480> terms<01:44:43.679> of<01:44:43.960> priorities align:start position:0% you know for me in terms of priorities align:start position:0% you know for me in terms of priorities for<01:44:44.560> legislation<01:44:45.119> like<01:44:45.239> there<01:44:45.320> are align:start position:0% for legislation like there are align:start position:0% for legislation like there are definitely<01:44:45.840> things<01:44:46.040> that<01:44:46.159> we<01:44:46.239> could<01:44:46.400> be align:start position:0% definitely things that we could be align:start position:0% definitely things that we could be addressing<01:44:47.440> right<01:44:47.599> now<01:44:47.920> with<01:44:48.159> tools<01:44:48.400> that<01:44:48.520> are align:start position:0% addressing right now with tools that are align:start position:0% addressing right now with tools that are happening<01:44:49.040> right<01:44:49.199> now<01:44:49.400> and<01:44:49.520> that's<01:44:49.639> sort<01:44:49.800> of align:start position:0% happening right now and that's sort of align:start position:0% happening right now and that's sort of where<01:44:50.040> I<01:44:50.119> want<01:44:50.239> to<01:44:50.360> focus<01:44:50.639> the<01:44:50.760> priority<01:44:51.239> and<01:44:51.360> I align:start position:0% where I want to focus the priority and I align:start position:0% where I want to focus the priority and I think<01:44:51.880> if<01:44:52.000> we<01:44:52.119> set<01:44:52.440> good<01:44:52.639> principles<01:44:53.280> for<01:44:53.400> how align:start position:0% think if we set good principles for how align:start position:0% think if we set good principles for how to<01:44:53.719> address<01:44:54.480> the<01:44:54.679> problems<01:44:54.960> that<01:44:55.080> we're align:start position:0% to address the problems that we're align:start position:0% to address the problems that we're seeing<01:44:55.520> right<01:44:55.679> now<01:44:55.920> then<01:44:56.040> you<01:44:56.159> can<01:44:56.320> kind<01:44:56.480> of<01:44:56.639> do align:start position:0% seeing right now then you can kind of do align:start position:0% seeing right now then you can kind of do both<01:44:57.119> at<01:44:57.239> the<01:44:57.360> same<01:44:57.639> time<01:44:57.920> right<01:44:58.080> you<01:44:58.199> can<01:44:58.400> you align:start position:0% both at the same time right you can you align:start position:0% both at the same time right you can you can<01:44:58.719> think<01:44:58.920> about<01:44:59.400> the<01:44:59.599> shortterm<01:45:00.040> the<01:45:00.119> medium align:start position:0% can think about the shortterm the medium align:start position:0% can think about the shortterm the medium term<01:45:00.760> and<01:45:00.840> the<01:45:01.000> long<01:45:01.239> term<01:45:01.639> so<01:45:02.239> and<01:45:02.440> I<01:45:02.560> like<01:45:02.800> the align:start position:0% term and the long term so and I like the align:start position:0% term and the long term so and I like the idea<01:45:03.239> of<01:45:03.480> also<01:45:03.840> articulating<01:45:04.599> a<01:45:04.719> more<01:45:04.880> hopeful align:start position:0% idea of also articulating a more hopeful align:start position:0% idea of also articulating a more hopeful future<01:45:05.840> at<01:45:05.960> the<01:45:06.080> same<01:45:06.320> time<01:45:07.119> uh<01:45:07.280> I'm<01:45:07.320> gonna align:start position:0% future at the same time uh I'm gonna align:start position:0% future at the same time uh I'm gonna stay<01:45:07.760> with<01:45:07.880> you<01:45:08.040> Haley<01:45:08.920> we<01:45:09.159> were<01:45:09.840> chatting<01:45:10.280> a align:start position:0% stay with you Haley we were chatting a align:start position:0% stay with you Haley we were chatting a couple<01:45:10.679> weeks<01:45:10.920> ago<01:45:11.639> and<01:45:12.239> I<01:45:12.440> believe<01:45:12.960> uh align:start position:0% couple weeks ago and I believe uh align:start position:0% couple weeks ago and I believe uh Senator<01:45:13.440> weiner<01:45:14.080> is<01:45:14.320> has<01:45:14.520> arrived<01:45:14.920> or<01:45:15.040> he's align:start position:0% Senator weiner is has arrived or he's align:start position:0% Senator weiner is has arrived or he's about<01:45:15.440> to<01:45:15.639> arrive<01:45:16.520> uh<01:45:16.599> we're<01:45:16.760> excited<01:45:17.159> to<01:45:17.280> have align:start position:0% about to arrive uh we're excited to have align:start position:0% about to arrive uh we're excited to have him<01:45:17.599> here<01:45:18.040> where's<01:45:18.320> Scott<01:45:18.599> weiner<01:45:18.960> everybody align:start position:0% him here where's Scott weiner everybody align:start position:0% him here where's Scott weiner everybody give<01:45:19.400> it<01:45:19.440> up<01:45:19.560> for<01:45:19.639> Scott<01:45:19.840> weiner<01:45:20.119> we'll<01:45:20.239> see align:start position:0% give it up for Scott weiner we'll see align:start position:0% give it up for Scott weiner we'll see him<01:45:20.480> in<01:45:20.599> a<01:45:21.440> not<01:45:22.040> we'll<01:45:22.239> we'll<01:45:22.360> see<01:45:22.520> him<01:45:22.599> in<01:45:22.679> a align:start position:0% him in a not we'll we'll see him in a align:start position:0% him in a not we'll we'll see him in a second<01:45:23.080> we'll<01:45:23.159> see<01:45:23.280> him<01:45:23.360> in<01:45:23.440> a<01:45:23.599> second<01:45:24.080> but<01:45:24.199> we align:start position:0% second we'll see him in a second but we align:start position:0% second we'll see him in a second but we were<01:45:24.440> chitchatting<01:45:25.080> about<01:45:25.599> uh<01:45:25.679> you<01:45:25.760> know<01:45:25.880> sp align:start position:0% were chitchatting about uh you know sp align:start position:0% were chitchatting about uh you know sp sp<01:45:26.159> 1047<01:45:26.760> which<01:45:26.920> just<01:45:27.040> come<01:45:27.199> up<01:45:27.360> a<01:45:27.480> couple align:start position:0% sp 1047 which just come up a couple align:start position:0% sp 1047 which just come up a couple times<01:45:28.480> uh<01:45:28.639> today<01:45:29.560> is<01:45:29.880> the<01:45:30.679> um<01:45:31.360> you<01:45:31.520> know<01:45:32.119> eff align:start position:0% times uh today is the um you know eff align:start position:0% times uh today is the um you know eff has<01:45:32.960> sort<01:45:33.119> of<01:45:33.320> a<01:45:33.599> a<01:45:33.800> position<01:45:34.159> of<01:45:34.840> supporting align:start position:0% has sort of a a position of supporting align:start position:0% has sort of a a position of supporting with<01:45:36.599> caveats<01:45:37.599> uh<01:45:37.719> you<01:45:37.840> know<01:45:38.159> I<01:45:38.239> think<01:45:38.520> the<01:45:38.800> the align:start position:0% with caveats uh you know I think the the align:start position:0% with caveats uh you know I think the the community<01:45:39.400> letter<01:45:39.679> that<01:45:39.800> sort<01:45:39.920> of<01:45:40.040> bubbled<01:45:40.360> up align:start position:0% community letter that sort of bubbled up align:start position:0% community letter that sort of bubbled up from<01:45:40.840> from<01:45:41.040> YC<01:45:41.560> was<01:45:41.679> sort<01:45:41.840> of<01:45:42.000> like<01:45:42.880> oppose<01:45:43.880> the align:start position:0% from from YC was sort of like oppose the align:start position:0% from from YC was sort of like oppose the form<01:45:44.280> is<01:45:44.400> kind<01:45:44.520> of<01:45:44.639> annoying<01:45:45.080> because<01:45:45.239> it's align:start position:0% form is kind of annoying because it's align:start position:0% form is kind of annoying because it's like<01:45:45.679> they<01:45:45.800> sort<01:45:45.920> of<01:45:46.040> hold<01:45:46.199> a<01:45:46.280> gun<01:45:46.440> to<01:45:46.520> your align:start position:0% like they sort of hold a gun to your align:start position:0% like they sort of hold a gun to your head<01:45:46.719> and<01:45:46.760> they're<01:45:46.880> like<01:45:47.040> you<01:45:47.199> either<01:45:47.440> have<01:45:47.560> to align:start position:0% head and they're like you either have to align:start position:0% head and they're like you either have to you<01:45:48.360> know<01:45:48.480> you<01:45:48.560> have<01:45:48.639> to<01:45:48.719> be<01:45:48.880> for<01:45:49.080> it<01:45:49.199> or align:start position:0% you know you have to be for it or align:start position:0% you know you have to be for it or against<01:45:49.560> it<01:45:49.679> and<01:45:49.880> I<01:45:50.360> I<01:45:50.440> didn't<01:45:50.639> know<01:45:50.800> how<01:45:50.920> to align:start position:0% against it and I I didn't know how to align:start position:0% against it and I I didn't know how to I'm<01:45:51.480> sure<01:45:51.840> that<01:45:51.960> there's<01:45:52.159> sort<01:45:52.320> of<01:45:52.400> a<01:45:52.560> version align:start position:0% I'm sure that there's sort of a version align:start position:0% I'm sure that there's sort of a version that<01:45:53.599> uh<01:45:53.679> sort<01:45:53.880> of<01:45:54.000> the<01:45:54.080> communities<01:45:54.840> could<01:45:55.000> be align:start position:0% that uh sort of the communities could be align:start position:0% that uh sort of the communities could be happy<01:45:55.560> with<01:45:56.159> but<01:45:56.520> I<01:45:56.599> would<01:45:56.800> wonder<01:45:57.000> if<01:45:57.119> you align:start position:0% happy with but I would wonder if you align:start position:0% happy with but I would wonder if you could<01:45:57.360> kind<01:45:57.480> of<01:45:57.679> unpack<01:45:58.599> the<01:45:59.159> the<01:45:59.280> sort<01:45:59.480> of<01:45:59.880> if align:start position:0% could kind of unpack the the sort of if align:start position:0% could kind of unpack the the sort of if you<01:46:00.080> had<01:46:00.159> a<01:46:00.320> magic<01:46:00.599> wand<01:46:01.199> what<01:46:01.440> what<01:46:01.599> that align:start position:0% you had a magic wand what what that align:start position:0% you had a magic wand what what that would<01:46:01.920> look<01:46:02.199> like<01:46:03.000> uh<01:46:03.159> the<01:46:03.280> things<01:46:03.599> that<01:46:03.880> did align:start position:0% would look like uh the things that did align:start position:0% would look like uh the things that did look<01:46:04.360> good<01:46:04.639> because<01:46:04.800> I<01:46:04.880> think<01:46:05.080> you<01:46:05.199> and<01:46:05.320> I<01:46:05.520> had align:start position:0% look good because I think you and I had align:start position:0% look good because I think you and I had some<01:46:06.040> agreement<01:46:06.400> on<01:46:06.560> some<01:46:06.679> of<01:46:06.840> that<01:46:07.760> yeah<01:46:08.040> so align:start position:0% some agreement on some of that yeah so align:start position:0% some agreement on some of that yeah so well<01:46:08.800> this<01:46:09.000> is<01:46:09.159> fun<01:46:09.480> hello<01:46:09.800> hello align:start position:0% well this is fun hello hello align:start position:0% well this is fun hello hello Senator<01:46:11.880> so<01:46:12.199> yeah<01:46:12.360> eff<01:46:12.760> is<01:46:12.880> in<01:46:13.000> what<01:46:13.119> we<01:46:13.199> call<01:46:13.360> a align:start position:0% Senator so yeah eff is in what we call a align:start position:0% Senator so yeah eff is in what we call a supportive<01:46:13.920> amended<01:46:14.400> position<01:46:14.880> as<01:46:14.960> you<01:46:15.080> say align:start position:0% supportive amended position as you say align:start position:0% supportive amended position as you say the<01:46:15.440> California<01:46:15.920> legislature<01:46:16.440> makes<01:46:16.679> you align:start position:0% the California legislature makes you align:start position:0% the California legislature makes you pick<01:46:17.199> from<01:46:17.440> like<01:46:17.760> six<01:46:18.199> very<01:46:18.480> particular align:start position:0% pick from like six very particular align:start position:0% pick from like six very particular positions<01:46:20.119> um<01:46:20.639> I<01:46:20.719> think<01:46:21.560> SP<01:46:21.840> 1047<01:46:22.360> is<01:46:22.480> a<01:46:22.560> really align:start position:0% positions um I think SP 1047 is a really align:start position:0% positions um I think SP 1047 is a really interesting<01:46:23.199> bill<01:46:23.400> it's<01:46:23.520> a<01:46:23.679> very<01:46:23.960> Broad<01:46:24.280> and align:start position:0% interesting bill it's a very Broad and align:start position:0% interesting bill it's a very Broad and complex<01:46:25.040> Bill<01:46:25.400> and<01:46:25.560> so<01:46:26.280> um<01:46:26.440> the<01:46:26.599> position<01:46:26.920> that align:start position:0% complex Bill and so um the position that align:start position:0% complex Bill and so um the position that we've<01:46:27.320> asked<01:46:27.599> for<01:46:27.920> is<01:46:28.119> that<01:46:28.400> um<01:46:28.520> it<01:46:28.639> creates align:start position:0% we've asked for is that um it creates align:start position:0% we've asked for is that um it creates this<01:46:29.199> Cal<01:46:29.480> compute<01:46:30.040> public<01:46:30.760> uh<01:46:30.920> cloud align:start position:0% this Cal compute public uh cloud align:start position:0% this Cal compute public uh cloud computing<01:46:31.520> cluster<01:46:32.159> we<01:46:32.320> really<01:46:32.560> really<01:46:32.800> like align:start position:0% computing cluster we really really like align:start position:0% computing cluster we really really like that<01:46:33.280> idea<01:46:34.280> um<01:46:34.719> and<01:46:34.880> I<01:46:35.040> think<01:46:35.639> uh<01:46:36.119> we<01:46:36.320> just align:start position:0% that idea um and I think uh we just align:start position:0% that idea um and I think uh we just think<01:46:36.800> that<01:46:37.000> it<01:46:37.199> deserves<01:46:37.760> to<01:46:37.960> be<01:46:38.119> the<01:46:38.280> focus align:start position:0% think that it deserves to be the focus align:start position:0% think that it deserves to be the focus of<01:46:38.719> the<01:46:38.880> bill<01:46:39.239> like<01:46:39.520> that<01:46:39.719> it's<01:46:39.920> worth<01:46:40.239> getting align:start position:0% of the bill like that it's worth getting align:start position:0% of the bill like that it's worth getting that<01:46:40.920> right<01:46:41.760> um<01:46:41.960> and<01:46:42.040> then<01:46:42.199> it's<01:46:42.360> also<01:46:42.599> worth align:start position:0% that right um and then it's also worth align:start position:0% that right um and then it's also worth having<01:46:43.040> the<01:46:43.159> other<01:46:43.400> conversations<01:46:43.960> that<01:46:44.080> are align:start position:0% having the other conversations that are align:start position:0% having the other conversations that are in<01:46:44.320> the<01:46:44.440> Bill<01:46:44.760> about<01:46:45.000> how<01:46:45.080> do<01:46:45.280> we<01:46:45.560> you<01:46:45.639> know<01:46:46.400> how align:start position:0% in the Bill about how do we you know how align:start position:0% in the Bill about how do we you know how do<01:46:46.639> we<01:46:46.920> address<01:46:47.239> safety<01:46:48.159> um<01:46:48.360> and<01:46:48.560> those<01:46:48.719> we align:start position:0% do we address safety um and those we align:start position:0% do we address safety um and those we would<01:46:49.040> like<01:46:49.199> to<01:46:49.360> see<01:46:49.760> those<01:46:50.080> condition<01:46:50.520> those align:start position:0% would like to see those condition those align:start position:0% would like to see those condition those conversations<01:46:51.440> sort<01:46:51.599> of<01:46:51.840> continue<01:46:52.679> with<01:46:52.960> more align:start position:0% conversations sort of continue with more align:start position:0% conversations sort of continue with more stakeholder<01:46:53.639> input<01:46:54.040> we'd<01:46:54.239> love<01:46:54.440> to<01:46:54.639> have<01:46:54.880> you align:start position:0% stakeholder input we'd love to have you align:start position:0% stakeholder input we'd love to have you know<01:46:55.679> folks<01:46:56.119> from<01:46:56.679> um<01:46:56.920> from<01:46:57.119> this<01:46:57.320> community align:start position:0% know folks from um from this community align:start position:0% know folks from um from this community engage<01:46:58.199> in<01:46:58.440> that<01:46:58.880> um<01:46:59.360> you<01:46:59.480> know<01:46:59.880> there<01:46:59.960> were<01:47:00.119> a align:start position:0% engage in that um you know there were a align:start position:0% engage in that um you know there were a lot<01:47:00.320> of<01:47:00.480> AI<01:47:00.760> bills<01:47:01.159> in<01:47:01.280> the<01:47:01.400> legislature<01:47:02.040> this align:start position:0% lot of AI bills in the legislature this align:start position:0% lot of AI bills in the legislature this year<01:47:03.040> um<01:47:03.320> and<01:47:03.760> I<01:47:03.840> think<01:47:04.320> just<01:47:04.719> more align:start position:0% year um and I think just more align:start position:0% year um and I think just more conversations<01:47:05.560> needed<01:47:05.960> right<01:47:06.080> if<01:47:06.199> you<01:47:06.320> even align:start position:0% conversations needed right if you even align:start position:0% conversations needed right if you even think<01:47:06.639> about<01:47:06.840> the<01:47:06.960> number<01:47:07.159> of<01:47:07.360> definitions<01:47:07.880> of align:start position:0% think about the number of definitions of align:start position:0% think about the number of definitions of AI<01:47:08.440> that<01:47:08.560> we<01:47:08.639> saw<01:47:08.920> come<01:47:09.119> through<01:47:09.280> in<01:47:09.400> the align:start position:0% AI that we saw come through in the align:start position:0% AI that we saw come through in the different<01:47:09.719> bills<01:47:10.040> this<01:47:10.199> year<01:47:10.440> I<01:47:10.560> think<01:47:11.320> that align:start position:0% different bills this year I think that align:start position:0% different bills this year I think that entire<01:47:12.440> regulatory<01:47:13.040> conversation<01:47:13.639> is<01:47:13.840> very align:start position:0% entire regulatory conversation is very align:start position:0% entire regulatory conversation is very important<01:47:14.440> we<01:47:14.560> want<01:47:14.639> to<01:47:14.800> get<01:47:14.880> it<01:47:15.080> right<01:47:15.280> we align:start position:0% important we want to get it right we align:start position:0% important we want to get it right we want<01:47:15.480> to<01:47:15.599> be<01:47:15.719> sure<01:47:15.960> that<01:47:16.119> we're<01:47:16.560> thinking align:start position:0% want to be sure that we're thinking align:start position:0% want to be sure that we're thinking about<01:47:17.440> how<01:47:17.560> to<01:47:17.719> address<01:47:17.960> it<01:47:18.080> now<01:47:18.199> and<01:47:18.280> how<01:47:18.400> to align:start position:0% about how to address it now and how to align:start position:0% about how to address it now and how to address<01:47:18.760> it<01:47:18.840> in<01:47:18.960> the<01:47:19.080> future<01:47:19.679> so<01:47:20.199> um<01:47:20.599> that's<01:47:20.920> we align:start position:0% address it in the future so um that's we align:start position:0% address it in the future so um that's we would<01:47:21.360> like<01:47:21.560> to<01:47:21.679> see<01:47:21.880> the<01:47:22.000> bill<01:47:22.199> focus<01:47:22.480> on<01:47:22.599> the align:start position:0% would like to see the bill focus on the align:start position:0% would like to see the bill focus on the public<01:47:23.760> cloud<01:47:24.080> computing<01:47:24.840> cluster<01:47:25.840> okay<01:47:26.000> I align:start position:0% public cloud computing cluster okay I align:start position:0% public cloud computing cluster okay I said<01:47:26.239> we're<01:47:26.360> going<01:47:26.440> to<01:47:26.560> speedrun<01:47:27.000> this<01:47:27.119> panel align:start position:0% said we're going to speedrun this panel align:start position:0% said we're going to speedrun this panel to<01:47:27.520> get<01:47:27.639> us<01:47:27.840> back<01:47:27.960> on<01:47:28.239> track<01:47:28.599> any<01:47:29.280> super<01:47:29.639> quick align:start position:0% to get us back on track any super quick align:start position:0% to get us back on track any super quick questions<01:47:30.239> from<01:47:30.400> the align:start position:0% questions from the align:start position:0% questions from the audience<01:47:32.679> gotta<01:47:32.920> be align:start position:0% audience gotta be align:start position:0% audience gotta be quick<01:47:34.679> uh<01:47:34.840> hi<01:47:34.960> I'm<01:47:35.119> Brandon<01:47:35.599> I'm<01:47:35.760> one<01:47:35.880> of<01:47:35.960> the align:start position:0% quick uh hi I'm Brandon I'm one of the align:start position:0% quick uh hi I'm Brandon I'm one of the co-founders<01:47:36.400> of<01:47:36.760> square.<01:47:37.760> um<01:47:38.040> in<01:47:38.480> specific align:start position:0% co-founders of square. um in specific align:start position:0% co-founders of square. um in specific regards<01:47:39.159> to<01:47:39.320> SB<01:47:40.040> 1047<01:47:41.040> um<01:47:41.440> I'm<01:47:41.599> interested<01:47:41.960> in align:start position:0% regards to SB 1047 um I'm interested in align:start position:0% regards to SB 1047 um I'm interested in all<01:47:42.199> of<01:47:42.320> your<01:47:42.480> takes<01:47:42.719> or<01:47:42.960> one<01:47:43.199> depending<01:47:43.480> on align:start position:0% all of your takes or one depending on align:start position:0% all of your takes or one depending on speed<01:47:44.360> uh<01:47:44.520> on<01:47:44.760> the<01:47:45.000> reach<01:47:45.520> of<01:47:45.679> the<01:47:45.840> bill<01:47:46.520> and align:start position:0% speed uh on the reach of the bill and align:start position:0% speed uh on the reach of the bill and it's<01:47:46.960> ability<01:47:47.520> to<01:47:47.760> impact<01:47:48.199> an<01:47:48.480> end<01:47:49.199> engineer align:start position:0% it's ability to impact an end engineer align:start position:0% it's ability to impact an end engineer based<01:47:50.440> on<01:47:51.320> things<01:47:51.679> in<01:47:51.840> the<01:47:52.000> bill<01:47:52.239> and align:start position:0% based on things in the bill and align:start position:0% based on things in the bill and essentially<01:47:53.000> and<01:47:53.119> I<01:47:53.320> believe<01:47:53.840> as<01:47:53.960> we<01:47:54.080> all align:start position:0% essentially and I believe as we all align:start position:0% essentially and I believe as we all discussed<01:47:54.599> openness<01:47:55.360> and<01:47:55.560> how<01:47:55.719> much<01:47:55.960> open align:start position:0% discussed openness and how much open align:start position:0% discussed openness and how much open markets<01:47:56.560> competition<01:47:56.920> are<01:47:57.239> important<01:47:58.239> when align:start position:0% markets competition are important when align:start position:0% markets competition are important when there<01:47:58.639> is<01:47:59.159> that<01:47:59.440> type<01:47:59.679> of<01:48:00.440> I'll<01:48:00.599> say<01:48:00.880> liability align:start position:0% there is that type of I'll say liability align:start position:0% there is that type of I'll say liability to<01:48:01.760> the<01:48:01.840> end<01:48:02.080> user<01:48:02.760> often<01:48:03.080> people<01:48:03.280> will<01:48:03.440> never align:start position:0% to the end user often people will never align:start position:0% to the end user often people will never even<01:48:04.040> enter<01:48:04.560> the<01:48:04.719> market<01:48:05.360> so<01:48:05.639> they're<01:48:06.040> like<01:48:06.159> we align:start position:0% even enter the market so they're like we align:start position:0% even enter the market so they're like we don't<01:48:06.560> are<01:48:06.639> we<01:48:06.800> not<01:48:06.920> able<01:48:07.119> to<01:48:07.280> observe<01:48:07.560> the align:start position:0% don't are we not able to observe the align:start position:0% don't are we not able to observe the void<01:48:08.159> that<01:48:08.360> exists<01:48:09.239> if<01:48:09.560> something<01:48:09.880> like<01:48:10.040> that align:start position:0% void that exists if something like that align:start position:0% void that exists if something like that came<01:48:10.520> in<01:48:11.520> yeah<01:48:11.800> I<01:48:12.080> I<01:48:12.280> I<01:48:12.440> I<01:48:12.520> just<01:48:12.679> mentioned<01:48:13.040> you align:start position:0% came in yeah I I I I just mentioned you align:start position:0% came in yeah I I I I just mentioned you know<01:48:14.239> trying<01:48:15.040> to<01:48:16.040> trying<01:48:16.239> to<01:48:16.639> understand<01:48:16.920> the align:start position:0% know trying to trying to understand the align:start position:0% know trying to trying to understand the the<01:48:17.239> the<01:48:17.360> counterfactual<01:48:18.159> you<01:48:18.239> know<01:48:18.440> like<01:48:18.639> who align:start position:0% the the counterfactual you know like who align:start position:0% the the counterfactual you know like who doesn't<01:48:19.280> go<01:48:19.520> into<01:48:20.119> you<01:48:20.239> know<01:48:20.400> developing align:start position:0% doesn't go into you know developing align:start position:0% doesn't go into you know developing something<01:48:21.159> is<01:48:21.400> is<01:48:21.639> super<01:48:21.920> hard<01:48:22.080> to<01:48:22.239> calculate align:start position:0% something is is super hard to calculate align:start position:0% something is is super hard to calculate so<01:48:23.080> I<01:48:23.159> mean<01:48:23.400> it's<01:48:23.560> certainly<01:48:24.239> you<01:48:24.360> know<01:48:24.800> it's align:start position:0% so I mean it's certainly you know it's align:start position:0% so I mean it's certainly you know it's certainly<01:48:25.400> possible<01:48:26.159> um<01:48:26.400> I<01:48:26.560> I<01:48:26.679> think<01:48:26.920> that's align:start position:0% certainly possible um I I think that's align:start position:0% certainly possible um I I think that's you<01:48:27.440> know<01:48:27.679> I'll<01:48:27.840> let<01:48:28.000> I'll<01:48:28.119> let<01:48:28.239> the<01:48:28.360> senator align:start position:0% you know I'll let I'll let the senator align:start position:0% you know I'll let I'll let the senator talk<01:48:28.960> about<01:48:29.159> you<01:48:29.239> know<01:48:29.560> the<01:48:29.679> potential<01:48:30.080> impact align:start position:0% talk about you know the potential impact align:start position:0% talk about you know the potential impact and<01:48:30.480> kind<01:48:30.599> of<01:48:30.760> pwn<01:48:30.960> this<01:48:31.080> off<01:48:31.239> on<01:48:31.400> him<01:48:31.599> so<01:48:32.040> like align:start position:0% and kind of pwn this off on him so like align:start position:0% and kind of pwn this off on him so like look<01:48:32.679> the<01:48:33.639> I<01:48:33.800> I<01:48:33.880> think<01:48:34.119> I<01:48:34.199> think<01:48:34.320> what<01:48:34.440> I<01:48:34.520> would align:start position:0% look the I I think I think what I would align:start position:0% look the I I think I think what I would emphasize<01:48:35.199> is<01:48:35.320> that<01:48:35.480> like<01:48:35.679> we're<01:48:35.880> here<01:48:36.000> in align:start position:0% emphasize is that like we're here in align:start position:0% emphasize is that like we're here in Silicon<01:48:36.560> Valley<01:48:36.960> you<01:48:37.080> know<01:48:37.400> a<01:48:37.560> lot<01:48:37.679> of<01:48:38.000> amazing align:start position:0% Silicon Valley you know a lot of amazing align:start position:0% Silicon Valley you know a lot of amazing things<01:48:38.560> get<01:48:38.800> evented<01:48:39.159> here<01:48:39.280> so<01:48:39.400> of<01:48:39.520> course align:start position:0% things get evented here so of course align:start position:0% things get evented here so of course California<01:48:40.239> legislation<01:48:40.679> is<01:48:40.840> going<01:48:40.960> to align:start position:0% California legislation is going to align:start position:0% California legislation is going to matter<01:48:41.320> a<01:48:41.480> lot<01:48:42.480> I<01:48:42.639> I<01:48:42.679> don't<01:48:42.840> think<01:48:43.040> that's<01:48:43.199> the align:start position:0% matter a lot I I don't think that's the align:start position:0% matter a lot I I don't think that's the intention<01:48:43.880> of<01:48:44.000> the<01:48:44.159> legislation<01:48:44.960> but<01:48:45.119> if align:start position:0% intention of the legislation but if align:start position:0% intention of the legislation but if we're<01:48:45.320> in<01:48:45.440> a<01:48:45.560> context<01:48:45.920> where<01:48:46.119> like<01:48:46.280> we're align:start position:0% we're in a context where like we're align:start position:0% we're in a context where like we're debating<01:48:47.199> on<01:48:47.480> what<01:48:47.679> can<01:48:47.800> to<01:48:47.880> be<01:48:48.040> the<01:48:48.239> effects align:start position:0% debating on what can to be the effects align:start position:0% debating on what can to be the effects and<01:48:49.760> we've<01:48:50.000> seen<01:48:50.880> that<01:48:51.480> the<01:48:52.320> Jud<01:48:53.040> is<01:48:53.239> making align:start position:0% and we've seen that the Jud is making align:start position:0% and we've seen that the Jud is making interpretations<01:48:54.599> of<01:48:55.280> legislation<01:48:56.280> that<01:48:56.560> are align:start position:0% interpretations of legislation that are align:start position:0% interpretations of legislation that are often<01:48:57.400> contrary<01:48:57.840> to<01:48:58.000> what's<01:48:58.199> clearly<01:48:58.480> the align:start position:0% often contrary to what's clearly the align:start position:0% often contrary to what's clearly the intention<01:48:58.960> of<01:48:59.080> the<01:48:59.520> legislator<01:49:00.520> um<01:49:01.400> we<01:49:01.639> need align:start position:0% intention of the legislator um we need align:start position:0% intention of the legislator um we need to<01:49:02.000> be<01:49:02.239> very<01:49:02.520> careful<01:49:02.920> in<01:49:03.080> how<01:49:03.239> we<01:49:03.440> Draft<01:49:04.000> rules align:start position:0% to be very careful in how we Draft rules align:start position:0% to be very careful in how we Draft rules to<01:49:04.599> make<01:49:04.719> sure<01:49:04.920> that<01:49:05.040> that<01:49:05.199> doesn't<01:49:05.520> happen align:start position:0% to make sure that that doesn't happen align:start position:0% to make sure that that doesn't happen both<01:49:06.159> that<01:49:06.320> the<01:49:06.440> intention<01:49:06.840> is<01:49:07.040> clear<01:49:07.800> and align:start position:0% both that the intention is clear and align:start position:0% both that the intention is clear and that<01:49:08.159> there's<01:49:08.480> no<01:49:08.920> possible<01:49:09.400> argument<01:49:10.280> of align:start position:0% that there's no possible argument of align:start position:0% that there's no possible argument of like<01:49:10.800> what<01:49:11.000> is<01:49:11.360> intended<01:49:11.920> and<01:49:12.080> if<01:49:12.320> like<01:49:12.639> the align:start position:0% like what is intended and if like the align:start position:0% like what is intended and if like the fact<01:49:13.000> that<01:49:13.199> just<01:49:13.400> the<01:49:13.560> fact<01:49:13.719> that<01:49:13.800> that's<01:49:13.920> a align:start position:0% fact that just the fact that that's a align:start position:0% fact that just the fact that that's a question<01:49:14.360> that's<01:49:14.560> the<01:49:14.719> case<01:49:15.000> that<01:49:15.520> to<01:49:15.679> me align:start position:0% question that's the case that to me align:start position:0% question that's the case that to me invites<01:49:16.360> a<01:49:16.480> reflection<01:49:16.960> on<01:49:17.599> how<01:49:17.800> can<01:49:17.960> we align:start position:0% invites a reflection on how can we align:start position:0% invites a reflection on how can we improve<01:49:18.880> things<01:49:19.239> so<01:49:19.960> so<01:49:20.280> we<01:49:20.480> know<01:49:20.800> that<01:49:20.960> that's align:start position:0% improve things so so we know that that's align:start position:0% improve things so so we know that that's not<01:49:21.400> what's<01:49:21.639> intended align:start position:0% not what's intended align:start position:0% not what's intended and<01:49:24.040> that<01:49:24.199> is<01:49:24.320> our<01:49:24.520> panel<01:49:25.119> thank<01:49:25.280> you<01:49:25.480> very align:start position:0% and that is our panel thank you very align:start position:0% and that is our panel thank you very much<01:49:26.000> thank<01:49:26.159> you<01:49:26.320> all<01:49:26.480> for align:start position:0% much thank you all for align:start position:0% much thank you all for participating<01:49:28.280> and<01:49:28.880> um<01:49:29.800> if<01:49:29.960> I<01:49:30.080> can<01:49:30.239> welcome<01:49:30.560> to align:start position:0% participating and um if I can welcome to align:start position:0% participating and um if I can welcome to the<01:49:30.960> stage<01:49:31.520> uh<01:49:31.639> Jake<01:49:31.880> heler<01:49:32.239> from<01:49:32.440> case<01:49:32.760> Tex align:start position:0% the stage uh Jake heler from case Tex align:start position:0% the stage uh Jake heler from case Tex well<01:49:33.840> Jake<01:49:34.080> is<01:49:34.320> uh<01:49:34.480> getting<01:49:34.800> set<01:49:35.080> up<01:49:35.400> I<01:49:35.920> wanted align:start position:0% well Jake is uh getting set up I wanted align:start position:0% well Jake is uh getting set up I wanted to<01:49:36.400> say<01:49:36.920> Jake<01:49:37.199> has<01:49:37.360> one<01:49:37.480> of<01:49:37.599> the<01:49:37.719> coolest align:start position:0% to say Jake has one of the coolest align:start position:0% to say Jake has one of the coolest stories<01:49:39.199> that<01:49:39.360> uh<01:49:39.480> we<01:49:39.599> went<01:49:39.760> into<01:49:40.040> detail<01:49:40.560> over align:start position:0% stories that uh we went into detail over align:start position:0% stories that uh we went into detail over on<01:49:41.360> my<01:49:41.520> YouTube<01:49:42.239> channel<01:49:43.239> and<01:49:43.679> uh<01:49:44.239> Jake<01:49:44.560> is align:start position:0% on my YouTube channel and uh Jake is align:start position:0% on my YouTube channel and uh Jake is also<01:49:45.040> one<01:49:45.159> of<01:49:45.280> the<01:49:45.400> people<01:49:45.719> who<01:49:45.960> got<01:49:46.199> the align:start position:0% also one of the people who got the align:start position:0% also one of the people who got the earliest<01:49:47.159> access<01:49:47.440> to<01:49:47.960> gp4<01:49:48.960> and<01:49:49.280> one<01:49:49.440> of<01:49:49.560> the align:start position:0% earliest access to gp4 and one of the align:start position:0% earliest access to gp4 and one of the things<01:49:49.880> that<01:49:50.000> was<01:49:50.280> most<01:49:50.520> remarkable<01:49:51.119> about align:start position:0% things that was most remarkable about align:start position:0% things that was most remarkable about that<01:49:51.800> was<01:49:52.520> uh<01:49:52.800> I<01:49:52.880> think<01:49:53.000> you<01:49:53.159> said<01:49:53.840> once<01:49:54.040> you align:start position:0% that was uh I think you said once you align:start position:0% that was uh I think you said once you got<01:49:54.440> it<01:49:54.800> you<01:49:55.000> realized<01:49:55.639> oh<01:49:55.920> hallucinations align:start position:0% got it you realized oh hallucinations align:start position:0% got it you realized oh hallucinations came<01:49:57.000> down<01:49:57.159> to<01:49:57.320> a<01:49:57.440> level<01:49:57.719> where<01:49:57.840> it<01:49:58.040> almost align:start position:0% came down to a level where it almost align:start position:0% came down to a level where it almost never<01:49:58.880> happened<01:49:59.599> and<01:49:59.760> we<01:49:59.880> could<01:50:00.119> actually<01:50:00.400> use align:start position:0% never happened and we could actually use align:start position:0% never happened and we could actually use it<01:50:01.320> and<01:50:01.440> he<01:50:01.639> pivoted<01:50:02.040> the<01:50:02.199> company<01:50:03.000> into<01:50:03.480> a align:start position:0% it and he pivoted the company into a align:start position:0% it and he pivoted the company into a tremendous<01:50:04.639> uh<01:50:04.760> more<01:50:04.920> than<01:50:05.000> $600<01:50:05.520> million align:start position:0% tremendous uh more than $600 million align:start position:0% tremendous uh more than $600 million exit<01:50:07.080> uh<01:50:07.239> so<01:50:07.760> you<01:50:08.199> this<01:50:08.280> is<01:50:08.760> one<01:50:08.880> of<01:50:09.000> the<01:50:09.159> first align:start position:0% exit uh so you this is one of the first align:start position:0% exit uh so you this is one of the first and<01:50:09.599> most<01:50:09.920> powerful<01:50:10.480> examples<01:50:11.159> of<01:50:11.800> practical align:start position:0% and most powerful examples of practical align:start position:0% and most powerful examples of practical AI<01:50:13.320> being<01:50:13.679> used<01:50:14.599> day-to-day<01:50:15.599> uh<01:50:16.119> in<01:50:16.599> one<01:50:16.760> of align:start position:0% AI being used day-to-day uh in one of align:start position:0% AI being used day-to-day uh in one of the<01:50:17.159> biggest<01:50:17.440> Fields<01:50:17.800> out<01:50:18.000> there<01:50:18.239> so<01:50:18.800> Jake align:start position:0% the biggest Fields out there so Jake align:start position:0% the biggest Fields out there so Jake take<01:50:19.159> it<01:50:19.320> away<01:50:20.080> um<01:50:20.239> so<01:50:20.400> hey<01:50:20.520> everybody<01:50:20.800> I'm align:start position:0% take it away um so hey everybody I'm align:start position:0% take it away um so hey everybody I'm Jake<01:50:21.520> uh<01:50:21.639> I<01:50:21.719> was<01:50:21.800> a<01:50:21.920> Founder<01:50:22.320> in<01:50:22.400> the<01:50:22.679> summer<01:50:22.920> 13 align:start position:0% Jake uh I was a Founder in the summer 13 align:start position:0% Jake uh I was a Founder in the summer 13 batch<01:50:23.800> which<01:50:23.920> is<01:50:24.199> forever<01:50:24.639> ago<01:50:25.639> and<01:50:26.280> um<01:50:27.159> I<01:50:27.239> was align:start position:0% batch which is forever ago and um I was align:start position:0% batch which is forever ago and um I was a<01:50:27.440> lawyer<01:50:27.960> before<01:50:28.480> I<01:50:28.560> started<01:50:28.920> this<01:50:29.080> company align:start position:0% a lawyer before I started this company align:start position:0% a lawyer before I started this company uh<01:50:30.360> and<01:50:31.239> what<01:50:31.360> we<01:50:31.520> decided<01:50:31.840> to<01:50:32.000> build align:start position:0% uh and what we decided to build align:start position:0% uh and what we decided to build especially<01:50:33.000> with<01:50:33.119> this<01:50:33.239> new<01:50:33.400> technology<01:50:33.960> is<01:50:34.119> a align:start position:0% especially with this new technology is a align:start position:0% especially with this new technology is a legal<01:50:34.639> AI<01:50:35.119> assistant<01:50:36.119> the<01:50:36.280> idea<01:50:36.800> and<01:50:36.960> this<01:50:37.080> is align:start position:0% legal AI assistant the idea and this is align:start position:0% legal AI assistant the idea and this is not<01:50:37.599> that<01:50:37.760> different<01:50:38.080> from<01:50:38.320> probably<01:50:38.560> a<01:50:38.599> lot align:start position:0% not that different from probably a lot align:start position:0% not that different from probably a lot of<01:50:38.840> the<01:50:38.960> applications<01:50:39.400> you're<01:50:39.560> building<01:50:39.960> for align:start position:0% of the applications you're building for align:start position:0% of the applications you're building for your<01:50:40.520> various<01:50:41.040> Fields<01:50:42.040> is<01:50:42.639> uh<01:50:42.760> for<01:50:42.960> there<01:50:43.119> to align:start position:0% your various Fields is uh for there to align:start position:0% your various Fields is uh for there to be<01:50:43.880> almost<01:50:44.159> like<01:50:44.280> a<01:50:44.360> new<01:50:44.560> employee<01:50:45.199> at<01:50:45.320> every align:start position:0% be almost like a new employee at every align:start position:0% be almost like a new employee at every Law<01:50:45.800> Firm<01:50:46.159> government<01:50:46.520> agency<01:50:47.480> nonprofit<01:50:48.480> um align:start position:0% Law Firm government agency nonprofit um align:start position:0% Law Firm government agency nonprofit um and<01:50:48.920> corporate<01:50:49.560> legal<01:50:49.920> office<01:50:50.800> that<01:50:51.159> is<01:50:51.840> uh<01:50:52.000> a align:start position:0% and corporate legal office that is uh a align:start position:0% and corporate legal office that is uh a new<01:50:52.360> like<01:50:52.639> legal<01:50:52.880> employee<01:50:53.239> that<01:50:53.320> you<01:50:53.400> can align:start position:0% new like legal employee that you can align:start position:0% new like legal employee that you can assign<01:50:54.000> tasks<01:50:54.360> to<01:50:54.960> and<01:50:55.960> like<01:50:56.480> a<01:50:57.040> fellow align:start position:0% assign tasks to and like a fellow align:start position:0% assign tasks to and like a fellow employee<01:50:58.239> it'll<01:50:58.520> be<01:50:58.639> able<01:50:58.840> to<01:50:58.920> do<01:50:59.159> that<01:50:59.400> that align:start position:0% employee it'll be able to do that that align:start position:0% employee it'll be able to do that that that<01:50:59.800> task<01:51:00.159> I'd<01:51:00.280> say<01:51:00.440> right<01:51:00.599> now<01:51:00.840> like<01:51:00.960> a align:start position:0% that task I'd say right now like a align:start position:0% that task I'd say right now like a junior<01:51:01.760> associate<01:51:02.760> but<01:51:03.159> um<01:51:03.400> unlike<01:51:03.840> your align:start position:0% junior associate but um unlike your align:start position:0% junior associate but um unlike your human<01:51:04.520> colleagues<01:51:05.000> it<01:51:05.119> is<01:51:05.280> able<01:51:05.520> to<01:51:05.639> do<01:51:05.800> it<01:51:06.040> at align:start position:0% human colleagues it is able to do it at align:start position:0% human colleagues it is able to do it at a<01:51:06.400> speed<01:51:07.040> that<01:51:07.239> is<01:51:08.000> uh<01:51:08.159> super<01:51:08.520> human<01:51:09.280> so<01:51:09.440> we're align:start position:0% a speed that is uh super human so we're align:start position:0% a speed that is uh super human so we're GNA<01:51:09.719> go<01:51:09.800> through<01:51:09.960> a<01:51:10.040> few<01:51:10.239> examples<01:51:11.159> um<01:51:11.679> that align:start position:0% GNA go through a few examples um that align:start position:0% GNA go through a few examples um that I've<01:51:12.040> kind<01:51:12.159> of<01:51:12.280> teed<01:51:12.599> up<01:51:13.159> it's<01:51:13.360> kind<01:51:13.440> of<01:51:13.560> for align:start position:0% I've kind of teed up it's kind of for align:start position:0% I've kind of teed up it's kind of for fun<01:51:14.119> we're<01:51:14.239> going<01:51:14.360> to<01:51:14.719> imagine<01:51:15.719> that<01:51:15.840> we<01:51:15.960> are align:start position:0% fun we're going to imagine that we are align:start position:0% fun we're going to imagine that we are representing<01:51:16.960> Elon<01:51:17.520> Musk<01:51:18.520> as<01:51:18.760> part<01:51:18.920> of<01:51:19.199> his align:start position:0% representing Elon Musk as part of his align:start position:0% representing Elon Musk as part of his litigation<01:51:20.040> against<01:51:20.480> Twitter<01:51:21.480> and<01:51:22.000> uh<01:51:22.079> you're align:start position:0% litigation against Twitter and uh you're align:start position:0% litigation against Twitter and uh you're trying<01:51:22.440> to<01:51:22.719> is<01:51:22.800> you're<01:51:22.960> trying<01:51:23.159> to<01:51:23.239> pull<01:51:23.440> out align:start position:0% trying to is you're trying to pull out align:start position:0% trying to is you're trying to pull out of<01:51:23.599> the<01:51:23.719> merger<01:51:24.000> agreement<01:51:24.360> so<01:51:24.480> the<01:51:24.560> first align:start position:0% of the merger agreement so the first align:start position:0% of the merger agreement so the first thing<01:51:24.800> I<01:51:25.000> do<01:51:25.119> is<01:51:25.320> ask<01:51:26.040> you<01:51:26.159> know<01:51:26.440> can<01:51:26.560> you<01:51:26.719> pull align:start position:0% thing I do is ask you know can you pull align:start position:0% thing I do is ask you know can you pull out<01:51:26.960> of<01:51:27.000> a<01:51:27.079> merger<01:51:27.320> agreement<01:51:27.639> when<01:51:27.719> the align:start position:0% out of a merger agreement when the align:start position:0% out of a merger agreement when the seller<01:51:28.119> made<01:51:28.280> material<01:51:28.760> repes align:start position:0% seller made material repes align:start position:0% seller made material repes misrepresentations<01:51:29.599> under<01:51:29.760> Delaware<01:51:30.119> law align:start position:0% misrepresentations under Delaware law align:start position:0% misrepresentations under Delaware law that<01:51:30.400> was<01:51:30.599> his<01:51:30.920> that<01:51:31.040> was<01:51:31.159> his<01:51:31.599> argument<01:51:32.599> and align:start position:0% that was his that was his argument and align:start position:0% that was his that was his argument and we'll<01:51:33.320> get<01:51:33.440> our<01:51:33.679> AI<01:51:34.199> kind<01:51:34.320> of<01:51:34.440> researching align:start position:0% we'll get our AI kind of researching align:start position:0% we'll get our AI kind of researching that<01:51:35.400> what<01:51:35.520> will<01:51:35.719> happen<01:51:35.960> behind<01:51:36.280> the<01:51:36.520> scenes align:start position:0% that what will happen behind the scenes align:start position:0% that what will happen behind the scenes is<01:51:37.719> that<01:51:38.000> it<01:51:38.199> is<01:51:38.719> um<01:51:38.880> conducting<01:51:39.840> dozens<01:51:40.239> of align:start position:0% is that it is um conducting dozens of align:start position:0% is that it is um conducting dozens of search<01:51:41.079> questions<01:51:41.960> taking<01:51:42.320> that<01:51:42.520> that align:start position:0% search questions taking that that align:start position:0% search questions taking that that question<01:51:42.920> doing<01:51:43.199> dozens<01:51:43.480> of<01:51:43.599> searches align:start position:0% question doing dozens of searches align:start position:0% question doing dozens of searches against<01:51:44.719> a<01:51:44.880> legal<01:51:45.560> database<01:51:46.560> pulling<01:51:46.800> back align:start position:0% against a legal database pulling back align:start position:0% against a legal database pulling back hundreds<01:51:47.280> of<01:51:47.440> answers<01:51:48.440> reading<01:51:48.880> each<01:51:49.040> of<01:51:49.199> them align:start position:0% hundreds of answers reading each of them align:start position:0% hundreds of answers reading each of them in<01:51:49.520> full<01:51:50.040> all<01:51:50.199> the<01:51:50.400> cases<01:51:50.760> rules<01:51:51.159> regulations align:start position:0% in full all the cases rules regulations align:start position:0% in full all the cases rules regulations and<01:51:51.840> statutes<01:51:52.960> combining<01:51:53.440> all<01:51:53.639> the align:start position:0% and statutes combining all the align:start position:0% and statutes combining all the information<01:51:54.320> gained<01:51:54.960> from<01:51:55.320> that<01:51:55.679> activity align:start position:0% information gained from that activity align:start position:0% information gained from that activity and<01:51:56.760> turning<01:51:57.079> that<01:51:57.239> into<01:51:57.440> a<01:51:57.960> memorandum<01:51:58.960> and align:start position:0% and turning that into a memorandum and align:start position:0% and turning that into a memorandum and while<01:51:59.599> it's<01:51:59.800> doing<01:52:00.239> that<01:52:01.119> maybe<01:52:01.400> we'll<01:52:01.599> ask align:start position:0% while it's doing that maybe we'll ask align:start position:0% while it's doing that maybe we'll ask some<01:52:02.000> other<01:52:02.360> questions<01:52:03.360> uh<01:52:03.639> for<01:52:04.000> example align:start position:0% some other questions uh for example align:start position:0% some other questions uh for example during<01:52:05.360> law<01:52:06.199> uh<01:52:06.320> legal<01:52:06.639> proceedings<01:52:07.560> uh<01:52:07.679> you align:start position:0% during law uh legal proceedings uh you align:start position:0% during law uh legal proceedings uh you may<01:52:08.040> at<01:52:08.239> times<01:52:09.040> gather<01:52:09.840> evidence<01:52:10.280> what's align:start position:0% may at times gather evidence what's align:start position:0% may at times gather evidence what's called<01:52:10.960> Discovery<01:52:11.960> and<01:52:12.079> so<01:52:12.280> here<01:52:12.480> we<01:52:12.679> have<01:52:13.280> um align:start position:0% called Discovery and so here we have um align:start position:0% called Discovery and so here we have um elon's<01:52:15.079> texts<01:52:16.079> regarding<01:52:17.079> uh<01:52:17.199> the align:start position:0% elon's texts regarding uh the align:start position:0% elon's texts regarding uh the acquisition<01:52:18.639> and<01:52:18.760> we<01:52:18.920> might<01:52:19.159> ask<01:52:19.440> for<01:52:19.599> example align:start position:0% acquisition and we might ask for example align:start position:0% acquisition and we might ask for example what<01:52:20.280> are<01:52:20.440> all<01:52:20.560> the<01:52:20.719> features<01:52:21.199> Elon<01:52:21.520> wants<01:52:21.719> to align:start position:0% what are all the features Elon wants to align:start position:0% what are all the features Elon wants to add<01:52:22.000> to<01:52:22.119> X<01:52:22.480> SL<01:52:22.760> Twitter<01:52:23.480> and<01:52:23.599> just<01:52:23.719> for<01:52:23.920> fun<01:52:24.159> I align:start position:0% add to X SL Twitter and just for fun I align:start position:0% add to X SL Twitter and just for fun I actually<01:52:24.480> picked<01:52:24.719> this<01:52:24.880> off<01:52:25.000> of<01:52:25.079> a<01:52:25.199> New<01:52:25.320> Yorker align:start position:0% actually picked this off of a New Yorker align:start position:0% actually picked this off of a New Yorker article<01:52:25.960> these<01:52:26.040> are<01:52:26.159> not<01:52:26.280> as<01:52:26.400> real<01:52:26.639> texts<01:52:26.920> as align:start position:0% article these are not as real texts as align:start position:0% article these are not as real texts as you'll<01:52:27.199> see<01:52:27.599> soon align:start position:0% you'll see soon align:start position:0% you'll see soon um align:start position:0% um align:start position:0% um uh<01:52:32.679> and<01:52:33.360> uh<01:52:33.440> so<01:52:33.599> they're<01:52:33.719> funny<01:52:34.079> and<01:52:34.199> they're align:start position:0% uh and uh so they're funny and they're align:start position:0% uh and uh so they're funny and they're not<01:52:34.480> real<01:52:34.800> but<01:52:34.920> they're<01:52:35.079> still<01:52:35.639> you<01:52:35.760> know align:start position:0% not real but they're still you know align:start position:0% not real but they're still you know still<01:52:36.960> really<01:52:37.280> great<01:52:38.280> um<01:52:38.880> and<01:52:39.360> at<01:52:39.480> the<01:52:39.560> same align:start position:0% still really great um and at the same align:start position:0% still really great um and at the same time<01:52:39.960> as<01:52:40.079> I'm<01:52:40.239> doing<01:52:40.560> that<01:52:40.840> I<01:52:40.920> can<01:52:41.119> upload<01:52:41.679> say align:start position:0% time as I'm doing that I can upload say align:start position:0% time as I'm doing that I can upload say the<01:52:42.079> complaint<01:52:42.400> from<01:52:42.560> the align:start position:0% the complaint from the align:start position:0% the complaint from the case<01:52:44.320> and<01:52:44.520> ask<01:52:44.760> it<01:52:45.599> to<01:52:46.599> make<01:52:46.719> a<01:52:46.960> timeline<01:52:47.599> of align:start position:0% case and ask it to make a timeline of align:start position:0% case and ask it to make a timeline of all<01:52:47.960> of<01:52:48.159> the<01:52:48.520> events<01:52:48.960> described<01:52:49.760> in<01:52:49.960> the align:start position:0% all of the events described in the align:start position:0% all of the events described in the complaint<01:52:51.000> related<01:52:51.360> to<01:52:51.520> crypto<01:52:51.920> spam align:start position:0% complaint related to crypto spam align:start position:0% complaint related to crypto spam and<01:52:53.599> and<01:52:53.679> so<01:52:53.880> you're<01:52:54.040> see<01:52:54.360> able<01:52:54.560> to<01:52:54.719> do<01:52:55.199> here align:start position:0% and and so you're see able to do here align:start position:0% and and so you're see able to do here and<01:52:55.520> I<01:52:55.639> only<01:52:55.760> have<01:52:56.000> like<01:52:56.199> five<01:52:56.440> minutes<01:52:57.119> is align:start position:0% and I only have like five minutes is align:start position:0% and I only have like five minutes is it's<01:52:57.560> now<01:52:57.800> completed<01:52:58.360> the<01:52:58.520> kind<01:52:58.599> of<01:52:58.760> legal align:start position:0% it's now completed the kind of legal align:start position:0% it's now completed the kind of legal research<01:52:59.800> task<01:53:00.800> that<01:53:00.880> would<01:53:01.000> have<01:53:01.159> taken<01:53:01.480> me<01:53:02.079> a align:start position:0% research task that would have taken me a align:start position:0% research task that would have taken me a good<01:53:02.360> part<01:53:02.520> of<01:53:02.639> a<01:53:02.840> day<01:53:03.800> and<01:53:03.960> here<01:53:04.119> it's<01:53:04.320> kind<01:53:04.400> of align:start position:0% good part of a day and here it's kind of align:start position:0% good part of a day and here it's kind of written<01:53:04.760> out<01:53:04.880> its<01:53:05.079> answer<01:53:05.719> um<01:53:05.880> citing<01:53:06.239> to<01:53:06.400> the align:start position:0% written out its answer um citing to the align:start position:0% written out its answer um citing to the relevant<01:53:06.840> case<01:53:07.079> authorities<01:53:07.960> to<01:53:08.159> which<01:53:08.360> I<01:53:08.480> can align:start position:0% relevant case authorities to which I can align:start position:0% relevant case authorities to which I can from<01:53:08.920> the<01:53:09.159> relevant<01:53:09.480> jurisdiction<01:53:10.000> I<01:53:10.079> can align:start position:0% from the relevant jurisdiction I can align:start position:0% from the relevant jurisdiction I can open<01:53:10.719> up<01:53:11.440> and<01:53:11.599> research<01:53:11.960> and<01:53:12.119> read<01:53:12.880> myself<01:53:13.880> um align:start position:0% open up and research and read myself um align:start position:0% open up and research and read myself um it<01:53:15.079> has<01:53:16.040> gone<01:53:16.360> through<01:53:16.719> the<01:53:16.880> text<01:53:17.159> messages align:start position:0% it has gone through the text messages align:start position:0% it has gone through the text messages and<01:53:18.480> is<01:53:18.719> able<01:53:19.000> to<01:53:19.480> not<01:53:19.760> just<01:53:20.639> answer<01:53:20.960> the align:start position:0% and is able to not just answer the align:start position:0% and is able to not just answer the question<01:53:22.040> but<01:53:22.199> also<01:53:22.560> so<01:53:23.239> uh<01:53:23.639> one<01:53:23.880> are<01:53:24.280> the<01:53:24.400> kind align:start position:0% question but also so uh one are the kind align:start position:0% question but also so uh one are the kind of<01:53:24.599> funnier<01:53:24.960> ones<01:53:25.520> delivery<01:53:25.960> tracking<01:53:26.400> EG align:start position:0% of funnier ones delivery tracking EG align:start position:0% of funnier ones delivery tracking EG Pizza<01:53:27.599> it's<01:53:27.760> able<01:53:27.960> to<01:53:28.119> pull<01:53:28.280> out<01:53:28.480> the<01:53:28.679> exact align:start position:0% Pizza it's able to pull out the exact align:start position:0% Pizza it's able to pull out the exact part<01:53:29.320> of<01:53:29.480> it<01:53:29.920> and<01:53:30.199> highlight<01:53:30.599> that<01:53:30.719> for<01:53:30.960> me<01:53:31.320> to align:start position:0% part of it and highlight that for me to align:start position:0% part of it and highlight that for me to confirm<01:53:32.679> you<01:53:32.800> know<01:53:32.960> not<01:53:33.159> that<01:53:33.440> just<01:53:33.880> kind<01:53:34.000> of align:start position:0% confirm you know not that just kind of align:start position:0% confirm you know not that just kind of making<01:53:34.480> stuff<01:53:34.719> up<01:53:35.400> but<01:53:35.599> that<01:53:35.800> it's<01:53:36.000> also<01:53:36.360> kind align:start position:0% making stuff up but that it's also kind align:start position:0% making stuff up but that it's also kind of<01:53:36.599> finding<01:53:36.840> the<01:53:37.000> right align:start position:0% of finding the right align:start position:0% of finding the right answers<01:53:38.800> um<01:53:39.239> it's<01:53:39.440> pulling<01:53:39.840> together<01:53:40.079> this align:start position:0% answers um it's pulling together this align:start position:0% answers um it's pulling together this timeline<01:53:40.719> for<01:53:40.920> me<01:53:41.719> um<01:53:41.880> each<01:53:42.000> of<01:53:42.159> these<01:53:42.400> tasks align:start position:0% timeline for me um each of these tasks align:start position:0% timeline for me um each of these tasks take<01:53:43.400> lawyers<01:53:43.880> typically<01:53:44.239> the<01:53:44.400> better<01:53:44.639> part align:start position:0% take lawyers typically the better part align:start position:0% take lawyers typically the better part of<01:53:44.880> a<01:53:45.199> day<01:53:46.199> um<01:53:46.560> and<01:53:46.639> to<01:53:46.760> move<01:53:46.880> off<01:53:47.040> the<01:53:47.159> Elon align:start position:0% of a day um and to move off the Elon align:start position:0% of a day um and to move off the Elon example<01:53:47.800> you<01:53:47.880> can<01:53:47.960> also<01:53:48.119> do<01:53:48.239> some<01:53:48.360> things<01:53:48.480> that align:start position:0% example you can also do some things that align:start position:0% example you can also do some things that are<01:53:48.679> a<01:53:48.760> little<01:53:48.880> more<01:53:49.079> powerful<01:53:49.480> with<01:53:49.639> it<01:53:50.400> for align:start position:0% are a little more powerful with it for align:start position:0% are a little more powerful with it for example<01:53:52.159> um<01:53:52.920> I've<01:53:53.119> uploaded<01:53:53.560> here<01:53:53.840> my<01:53:54.040> series align:start position:0% example um I've uploaded here my series align:start position:0% example um I've uploaded here my series a<01:53:54.639> document<01:53:55.360> that<01:53:55.480> I<01:53:55.639> got<01:53:56.000> from<01:53:56.239> USV<01:53:57.040> back<01:53:57.159> in align:start position:0% a document that I got from USV back in align:start position:0% a document that I got from USV back in 2014<01:53:58.639> and<01:53:58.800> have<01:53:58.920> asked<01:53:59.239> to<01:53:59.360> compare<01:53:59.760> the align:start position:0% 2014 and have asked to compare the align:start position:0% 2014 and have asked to compare the series<01:54:00.199> a<01:54:00.840> term<01:54:01.320> sheet<01:54:02.320> against<01:54:03.119> um<01:54:03.280> all<01:54:03.560> the align:start position:0% series a term sheet against um all the align:start position:0% series a term sheet against um all the different<01:54:04.360> um<01:54:04.760> actual<01:54:05.199> documents<01:54:05.719> that<01:54:05.800> we align:start position:0% different um actual documents that we align:start position:0% different um actual documents that we ended<01:54:06.119> up<01:54:06.280> getting<01:54:07.040> to<01:54:07.400> the<01:54:07.520> degree<01:54:07.880> which align:start position:0% ended up getting to the degree which align:start position:0% ended up getting to the degree which they<01:54:08.119> deferred<01:54:08.920> because<01:54:09.239> sometimes<01:54:09.480> there<01:54:09.560> is align:start position:0% they deferred because sometimes there is align:start position:0% they deferred because sometimes there is drift<01:54:11.360> between<01:54:12.040> what<01:54:12.239> was<01:54:12.719> agreed<01:54:13.079> to<01:54:13.199> in<01:54:13.320> the align:start position:0% drift between what was agreed to in the align:start position:0% drift between what was agreed to in the term<01:54:13.679> sheet<01:54:14.480> and<01:54:14.719> what<01:54:14.880> was<01:54:15.119> agreed<01:54:15.520> what align:start position:0% term sheet and what was agreed what align:start position:0% term sheet and what was agreed what actually<01:54:16.000> happened<01:54:16.520> in<01:54:16.639> the<01:54:16.840> actual<01:54:17.400> you<01:54:17.480> know align:start position:0% actually happened in the actual you know align:start position:0% actually happened in the actual you know final<01:54:18.040> documents<01:54:18.719> and<01:54:18.960> sometimes<01:54:19.119> it's<01:54:19.159> was align:start position:0% final documents and sometimes it's was align:start position:0% final documents and sometimes it's was actually<01:54:19.480> kind<01:54:19.599> of<01:54:19.719> hard<01:54:19.920> to<01:54:20.119> get<01:54:21.079> but<01:54:21.480> um<01:54:21.719> you align:start position:0% actually kind of hard to get but um you align:start position:0% actually kind of hard to get but um you know<01:54:21.920> so<01:54:22.040> a<01:54:22.119> lawyer<01:54:22.480> May<01:54:22.679> sit<01:54:22.880> down<01:54:23.239> and<01:54:23.360> you align:start position:0% know so a lawyer May sit down and you align:start position:0% know so a lawyer May sit down and you can<01:54:23.560> see<01:54:23.760> here<01:54:23.880> it's<01:54:24.079> kind<01:54:24.199> of<01:54:24.560> listed<01:54:24.920> out align:start position:0% can see here it's kind of listed out align:start position:0% can see here it's kind of listed out everything<01:54:25.639> the<01:54:26.199> price<01:54:26.440> per<01:54:26.560> share<01:54:26.920> the align:start position:0% everything the price per share the align:start position:0% everything the price per share the closing<01:54:27.360> date<01:54:27.560> the<01:54:27.719> dividends<01:54:28.239> liquidation align:start position:0% closing date the dividends liquidation align:start position:0% closing date the dividends liquidation preferences<01:54:29.199> you<01:54:29.280> can<01:54:29.760> kind<01:54:29.880> of<01:54:30.000> analyze align:start position:0% preferences you can kind of analyze align:start position:0% preferences you can kind of analyze through<01:54:30.679> this<01:54:30.840> table<01:54:31.760> which<01:54:31.920> are<01:54:32.079> the align:start position:0% through this table which are the align:start position:0% through this table which are the different<01:54:32.520> things<01:54:32.960> that<01:54:33.320> it<01:54:33.760> ended<01:54:34.040> up align:start position:0% different things that it ended up align:start position:0% different things that it ended up catching<01:54:34.679> are<01:54:34.960> potential<01:54:35.360> differences align:start position:0% catching are potential differences align:start position:0% catching are potential differences between<01:54:36.520> the<01:54:36.639> uploaded<01:54:37.040> term<01:54:37.320> sheet<01:54:37.679> again align:start position:0% between the uploaded term sheet again align:start position:0% between the uploaded term sheet again with<01:54:38.040> the<01:54:38.159> ability<01:54:38.599> to<01:54:38.880> say<01:54:39.880> um<01:54:40.520> you<01:54:40.679> know<01:54:41.199> go align:start position:0% with the ability to say um you know go align:start position:0% with the ability to say um you know go into<01:54:42.560> the<01:54:42.719> right<01:54:42.880> of<01:54:43.000> first<01:54:43.199> reviews<01:54:43.599> all<01:54:43.960> and align:start position:0% into the right of first reviews all and align:start position:0% into the right of first reviews all and caught<01:54:45.040> here<01:54:45.239> that<01:54:45.360> the<01:54:45.480> closing<01:54:45.800> date<01:54:46.119> was align:start position:0% caught here that the closing date was align:start position:0% caught here that the closing date was intended<01:54:46.800> to<01:54:46.920> be<01:54:47.360> January<01:54:48.199> 16th<01:54:49.199> 20<01:54:50.040> whatever align:start position:0% intended to be January 16th 20 whatever align:start position:0% intended to be January 16th 20 whatever it<01:54:50.520> was<01:54:50.920> uh<01:54:51.000> 2015<01:54:51.800> but<01:54:52.000> actually<01:54:52.480> ended<01:54:52.679> up align:start position:0% it was uh 2015 but actually ended up align:start position:0% it was uh 2015 but actually ended up being<01:54:52.920> January<01:54:53.280> 20th<01:54:53.639> and<01:54:53.719> that<01:54:53.800> was<01:54:53.880> a align:start position:0% being January 20th and that was a align:start position:0% being January 20th and that was a difference<01:54:54.280> between<01:54:54.560> the<01:54:54.719> term<01:54:54.960> sheet<01:54:55.199> and align:start position:0% difference between the term sheet and align:start position:0% difference between the term sheet and the<01:54:56.079> so<01:54:56.880> um<01:54:57.159> you're<01:54:57.360> able<01:54:57.560> to<01:54:57.679> do<01:54:57.880> these<01:54:58.040> kinds align:start position:0% the so um you're able to do these kinds align:start position:0% the so um you're able to do these kinds of<01:54:58.320> things<01:54:58.679> that<01:54:58.880> that<01:54:59.000> aren't<01:54:59.400> just align:start position:0% of things that that aren't just align:start position:0% of things that that aren't just difficult<01:54:59.960> for<01:55:00.119> lawyers<01:55:00.440> who<01:55:00.599> do<01:55:00.760> but<01:55:00.880> in<01:55:01.000> some align:start position:0% difficult for lawyers who do but in some align:start position:0% difficult for lawyers who do but in some ways<01:55:01.480> impossible<01:55:02.480> um<01:55:02.599> it's<01:55:02.760> hard<01:55:02.960> for<01:55:03.159> a align:start position:0% ways impossible um it's hard for a align:start position:0% ways impossible um it's hard for a lawyer<01:55:03.520> to<01:55:03.639> keep<01:55:03.840> everything<01:55:04.119> in<01:55:04.239> their<01:55:04.400> head align:start position:0% lawyer to keep everything in their head align:start position:0% lawyer to keep everything in their head about<01:55:04.679> the<01:55:04.800> term<01:55:05.079> sheet<01:55:05.679> while<01:55:05.880> also<01:55:06.079> reading align:start position:0% about the term sheet while also reading align:start position:0% about the term sheet while also reading through<01:55:06.719> every<01:55:06.880> one<01:55:07.040> of<01:55:07.199> the<01:55:07.400> many<01:55:07.679> many<01:55:07.920> pages align:start position:0% through every one of the many many pages align:start position:0% through every one of the many many pages of<01:55:08.520> documents<01:55:09.520> but<01:55:09.639> for<01:55:09.840> an<01:55:10.000> AI<01:55:10.400> say<01:55:10.599> an<01:55:10.679> AI align:start position:0% of documents but for an AI say an AI align:start position:0% of documents but for an AI say an AI with<01:55:11.079> an<01:55:11.199> incredibly<01:55:11.639> long<01:55:11.880> context<01:55:12.400> window align:start position:0% with an incredibly long context window align:start position:0% with an incredibly long context window um<01:55:13.639> of<01:55:13.800> millions<01:55:14.159> of<01:55:14.320> tokens<01:55:15.119> you're<01:55:15.360> capable align:start position:0% um of millions of tokens you're capable align:start position:0% um of millions of tokens you're capable of<01:55:15.800> loading<01:55:16.119> up<01:55:16.840> all<01:55:17.000> of<01:55:17.159> the<01:55:17.520> documents align:start position:0% of loading up all of the documents align:start position:0% of loading up all of the documents having<01:55:18.719> them<01:55:18.880> compare<01:55:19.119> against<01:55:19.360> each<01:55:19.480> other align:start position:0% having them compare against each other align:start position:0% having them compare against each other and<01:55:19.800> make<01:55:19.960> those<01:55:20.119> kinds<01:55:20.280> of<01:55:20.800> comparisons<01:55:21.800> um align:start position:0% and make those kinds of comparisons um align:start position:0% and make those kinds of comparisons um we<01:55:22.639> as<01:55:22.840> Gary<01:55:23.159> said<01:55:23.320> we<01:55:23.480> exited<01:55:23.800> to<01:55:23.920> a<01:55:24.000> company align:start position:0% we as Gary said we exited to a company align:start position:0% we as Gary said we exited to a company called<01:55:24.440> Thompson<01:55:24.719> Reuters<01:55:25.159> which<01:55:25.239> is<01:55:25.360> why<01:55:25.440> it align:start position:0% called Thompson Reuters which is why it align:start position:0% called Thompson Reuters which is why it doesn't<01:55:25.679> say<01:55:25.840> casex<01:55:26.239> up<01:55:26.360> here<01:55:26.480> but<01:55:26.599> has<01:55:26.679> this align:start position:0% doesn't say casex up here but has this align:start position:0% doesn't say casex up here but has this kind<01:55:26.920> of<01:55:27.040> funky<01:55:27.440> orange<01:55:27.880> logo<01:55:28.880> um<01:55:29.360> we<01:55:29.480> now<01:55:29.639> have align:start position:0% kind of funky orange logo um we now have align:start position:0% kind of funky orange logo um we now have over<01:55:30.000> 30,000<01:55:30.560> lawyers<01:55:30.920> use<01:55:31.079> us<01:55:31.280> daily<01:55:32.079> um<01:55:32.560> and align:start position:0% over 30,000 lawyers use us daily um and align:start position:0% over 30,000 lawyers use us daily um and uh<01:55:33.679> this<01:55:33.800> is<01:55:34.079> one<01:55:34.199> one<01:55:34.280> of<01:55:34.400> the<01:55:34.480> early<01:55:34.760> examples align:start position:0% uh this is one one of the early examples align:start position:0% uh this is one one of the early examples I'd<01:55:35.320> say<01:55:35.639> what<01:55:35.760> I<01:55:35.880> expect<01:55:36.119> to<01:55:36.199> see<01:55:36.440> across<01:55:36.760> the align:start position:0% I'd say what I expect to see across the align:start position:0% I'd say what I expect to see across the industry<01:55:37.360> and<01:55:37.480> a<01:55:37.560> lot<01:55:37.639> of<01:55:37.760> things<01:55:37.960> you<01:55:38.040> guys align:start position:0% industry and a lot of things you guys align:start position:0% industry and a lot of things you guys are<01:55:38.400> building<01:55:39.400> of<01:55:40.000> this<01:55:40.719> assistant align:start position:0% are building of this assistant align:start position:0% are building of this assistant infrastructure<01:55:42.079> assistant<01:55:42.560> kind<01:55:42.679> of<01:55:42.800> agentic align:start position:0% infrastructure assistant kind of agentic align:start position:0% infrastructure assistant kind of agentic approach<01:55:44.280> uh<01:55:44.400> taking<01:55:44.719> place<01:55:44.920> within<01:55:45.159> a align:start position:0% approach uh taking place within a align:start position:0% approach uh taking place within a profession<01:55:46.400> and<01:55:46.760> within<01:55:47.119> professional align:start position:0% profession and within professional align:start position:0% profession and within professional workspaces<01:55:48.199> to<01:55:48.360> get<01:55:48.520> real<01:55:48.800> work<01:55:49.000> done<01:55:49.679> so align:start position:0% workspaces to get real work done so align:start position:0% workspaces to get real work done so thank<01:55:50.440> you align:start position:0% thank you align:start position:0% thank you [Applause] align:start position:0% last<01:55:56.400> but<01:55:56.599> certainly<01:55:56.960> not<01:55:57.159> least<01:55:57.440> it's<01:55:57.599> sort align:start position:0% last but certainly not least it's sort align:start position:0% last but certainly not least it's sort of<01:55:58.000> the<01:55:58.280> one<01:55:58.480> we've<01:55:58.679> all<01:55:58.800> been<01:55:58.960> waiting<01:55:59.199> for<01:55:59.480> I align:start position:0% of the one we've all been waiting for I align:start position:0% of the one we've all been waiting for I think<01:55:59.840> is<01:56:00.199> uh<01:56:00.880> Senator<01:56:01.280> Scott<01:56:01.679> weiner<01:56:02.679> um<01:56:03.079> and align:start position:0% think is uh Senator Scott weiner um and align:start position:0% think is uh Senator Scott weiner um and we<01:56:03.840> have<01:56:04.360> uh<01:56:04.480> interviewing<01:56:05.040> him<01:56:05.159> on<01:56:05.400> stage<01:56:05.920> is align:start position:0% we have uh interviewing him on stage is align:start position:0% we have uh interviewing him on stage is sharen<01:56:07.000> gafari<01:56:07.440> from<01:56:07.599> Bloomberg<01:56:08.560> I'm<01:56:08.679> going align:start position:0% sharen gafari from Bloomberg I'm going align:start position:0% sharen gafari from Bloomberg I'm going to<01:56:09.520> read<01:56:09.719> their<01:56:09.880> bios<01:56:10.199> and<01:56:10.360> invite<01:56:10.599> them<01:56:10.719> up<01:56:10.800> to align:start position:0% to read their bios and invite them up to align:start position:0% to read their bios and invite them up to the<01:56:11.079> stage<01:56:11.520> so<01:56:12.040> uh<01:56:12.119> Senator<01:56:12.440> Scott<01:56:12.679> weiner<01:56:13.000> is align:start position:0% the stage so uh Senator Scott weiner is align:start position:0% the stage so uh Senator Scott weiner is the<01:56:13.800> California<01:56:14.560> state<01:56:14.800> Senator align:start position:0% the California state Senator align:start position:0% the California state Senator representing<01:56:15.639> District<01:56:15.960> 11<01:56:16.360> that's<01:56:16.560> San align:start position:0% representing District 11 that's San align:start position:0% representing District 11 that's San Francisco<01:56:18.119> um<01:56:18.520> it<01:56:18.800> also<01:56:19.000> includes<01:56:19.320> parts<01:56:19.520> of align:start position:0% Francisco um it also includes parts of align:start position:0% Francisco um it also includes parts of San<01:56:19.840> Mato<01:56:20.239> County<01:56:21.000> uh<01:56:21.119> he<01:56:21.239> was<01:56:21.440> elected<01:56:21.800> in align:start position:0% San Mato County uh he was elected in align:start position:0% San Mato County uh he was elected in 2016<01:56:23.199> quickly<01:56:23.599> established<01:56:24.079> himself<01:56:24.520> as<01:56:24.639> a align:start position:0% 2016 quickly established himself as a align:start position:0% 2016 quickly established himself as a prominent<01:56:25.159> voice<01:56:25.360> on<01:56:25.520> issues<01:56:25.880> critical<01:56:26.199> to align:start position:0% prominent voice on issues critical to align:start position:0% prominent voice on issues critical to California's<01:56:26.880> future<01:56:27.320> particularly<01:56:27.920> those align:start position:0% California's future particularly those align:start position:0% California's future particularly those relevant<01:56:28.520> to<01:56:28.639> the<01:56:28.760> tech<01:56:28.960> and<01:56:29.119> startup align:start position:0% relevant to the tech and startup align:start position:0% relevant to the tech and startup Community<01:56:31.040> um<01:56:31.199> as<01:56:31.320> chair<01:56:31.560> of<01:56:31.639> the<01:56:31.719> Senate align:start position:0% Community um as chair of the Senate align:start position:0% Community um as chair of the Senate housing<01:56:32.280> committee<01:56:32.800> weiner<01:56:33.239> has<01:56:33.360> been<01:56:33.880> at<01:56:34.000> the align:start position:0% housing committee weiner has been at the align:start position:0% housing committee weiner has been at the Forefront<01:56:34.639> of<01:56:34.760> addressing<01:56:35.159> California's align:start position:0% Forefront of addressing California's align:start position:0% Forefront of addressing California's housing<01:56:36.040> crisis<01:56:36.840> he<01:56:36.960> authored<01:56:37.360> land<01:56:37.960> Landmark align:start position:0% housing crisis he authored land Landmark align:start position:0% housing crisis he authored land Landmark legislation<01:56:39.000> to<01:56:39.159> streamline<01:56:39.719> housing align:start position:0% legislation to streamline housing align:start position:0% legislation to streamline housing approvals<01:56:40.520> including<01:56:41.239> sp35<01:56:41.920> and<01:56:42.239> s423<01:56:43.239> which align:start position:0% approvals including sp35 and s423 which align:start position:0% approvals including sp35 and s423 which have<01:56:43.520> resulted<01:56:43.880> in<01:56:44.079> thousands<01:56:44.480> of<01:56:44.599> new<01:56:44.760> homes align:start position:0% have resulted in thousands of new homes align:start position:0% have resulted in thousands of new homes across<01:56:45.360> the<01:56:45.520> state align:start position:0% across the state align:start position:0% across the state [Applause] align:start position:0% [Applause] align:start position:0% [Applause] yay<01:56:49.360> prior<01:56:49.800> to<01:56:50.040> his<01:56:50.239> Senate<01:56:50.560> tenure<01:56:51.320> uh<01:56:51.440> wer align:start position:0% yay prior to his Senate tenure uh wer align:start position:0% yay prior to his Senate tenure uh wer served<01:56:51.960> as<01:56:52.040> a<01:56:52.239> San<01:56:52.400> Francisco<01:56:52.800> Board<01:56:52.960> of align:start position:0% served as a San Francisco Board of align:start position:0% served as a San Francisco Board of Supervisors<01:56:53.719> and<01:56:53.840> work<01:56:54.079> as<01:56:54.280> Deputy<01:56:54.599> City align:start position:0% Supervisors and work as Deputy City align:start position:0% Supervisors and work as Deputy City attorney<01:56:55.639> his<01:56:55.840> background<01:56:56.239> also<01:56:56.440> includes align:start position:0% attorney his background also includes align:start position:0% attorney his background also includes experience<01:56:57.360> as<01:56:57.520> a<01:56:57.639> litigation<01:56:58.119> attorney<01:56:58.440> in align:start position:0% experience as a litigation attorney in align:start position:0% experience as a litigation attorney in the<01:56:58.639> private<01:56:58.920> sector<01:56:59.159> bringing<01:56:59.480> a<01:56:59.560> unique align:start position:0% the private sector bringing a unique align:start position:0% the private sector bringing a unique blend<01:57:00.040> of<01:57:00.239> private<01:57:00.520> and<01:57:01.159> public<01:57:01.440> sector align:start position:0% blend of private and public sector align:start position:0% blend of private and public sector perspective<01:57:02.560> to<01:57:02.719> his<01:57:02.880> role<01:57:03.760> uh<01:57:03.880> he's<01:57:04.040> known align:start position:0% perspective to his role uh he's known align:start position:0% perspective to his role uh he's known for<01:57:04.440> Innovative<01:57:04.880> approach<01:57:05.119> to<01:57:05.320> policymaking align:start position:0% for Innovative approach to policymaking align:start position:0% for Innovative approach to policymaking tackling<01:57:06.360> issues<01:57:06.639> from<01:57:06.840> Transportation align:start position:0% tackling issues from Transportation align:start position:0% tackling issues from Transportation climate<01:57:07.719> change<01:57:07.920> mental<01:57:08.199> health<01:57:08.480> addiction align:start position:0% climate change mental health addiction align:start position:0% climate change mental health addiction treatment<01:57:09.599> recently<01:57:10.000> turned<01:57:10.239> his<01:57:10.400> attention align:start position:0% treatment recently turned his attention align:start position:0% treatment recently turned his attention to<01:57:10.840> emerging<01:57:11.280> Technologies<01:57:11.880> demonstrating align:start position:0% to emerging Technologies demonstrating align:start position:0% to emerging Technologies demonstrating his<01:57:12.560> commitment<01:57:12.920> to<01:57:13.079> addressing<01:57:13.480> the align:start position:0% his commitment to addressing the align:start position:0% his commitment to addressing the challenges<01:57:13.960> and<01:57:14.119> opportunities<01:57:14.639> facing align:start position:0% challenges and opportunities facing align:start position:0% challenges and opportunities facing California's<01:57:15.440> tech<01:57:15.719> industry<01:57:16.719> with<01:57:16.880> his align:start position:0% California's tech industry with his align:start position:0% California's tech industry with his Harvard<01:57:17.320> law<01:57:17.520> degree<01:57:17.840> and<01:57:17.960> focused<01:57:18.280> on align:start position:0% Harvard law degree and focused on align:start position:0% Harvard law degree and focused on Forward<01:57:18.800> Thinking<01:57:19.159> policiy<01:57:19.599> Senator<01:57:19.920> weiner align:start position:0% Forward Thinking policiy Senator weiner align:start position:0% Forward Thinking policiy Senator weiner brings<01:57:20.520> a<01:57:20.760> perspective<01:57:21.480> that<01:57:21.599> should align:start position:0% brings a perspective that should align:start position:0% brings a perspective that should resonate<01:57:22.280> with<01:57:22.400> our<01:57:22.560> community<01:57:23.480> and<01:57:23.639> shine align:start position:0% resonate with our community and shine align:start position:0% resonate with our community and shine gafari<01:57:24.320> is<01:57:24.400> a<01:57:24.639> reporter<01:57:24.920> of<01:57:25.000> Bloomberg<01:57:25.360> News align:start position:0% gafari is a reporter of Bloomberg News align:start position:0% gafari is a reporter of Bloomberg News specializing<01:57:26.000> in<01:57:26.119> artificial<01:57:26.520> intelligence align:start position:0% specializing in artificial intelligence align:start position:0% specializing in artificial intelligence ethics<01:57:27.360> and<01:57:27.560> policies<01:57:27.920> she<01:57:28.079> joined<01:57:28.360> Bloomberg align:start position:0% ethics and policies she joined Bloomberg align:start position:0% ethics and policies she joined Bloomberg in<01:57:29.000> September<01:57:29.520> 2023<01:57:30.360> after<01:57:31.000> six<01:57:31.280> years<01:57:31.480> at<01:57:31.639> Fox align:start position:0% in September 2023 after six years at Fox align:start position:0% in September 2023 after six years at Fox where<01:57:32.159> she<01:57:32.320> was<01:57:32.440> a<01:57:32.560> senior<01:57:32.880> correspondent align:start position:0% where she was a senior correspondent align:start position:0% where she was a senior correspondent covering<01:57:33.639> social<01:57:33.880> media<01:57:34.119> industry<01:57:34.800> and<01:57:35.440> major align:start position:0% covering social media industry and major align:start position:0% covering social media industry and major tech<01:57:36.040> companies<01:57:36.719> we<01:57:36.840> will<01:57:37.079> have<01:57:37.480> uh<01:57:37.599> some<01:57:37.840> time align:start position:0% tech companies we will have uh some time align:start position:0% tech companies we will have uh some time we<01:57:38.719> we're<01:57:38.840> GNA<01:57:39.079> have<01:57:39.280> it's<01:57:39.400> going<01:57:39.480> to<01:57:39.599> be<01:57:39.679> a align:start position:0% we we're GNA have it's going to be a align:start position:0% we we're GNA have it's going to be a little<01:57:39.920> bit<01:57:40.079> like<01:57:40.320> the<01:57:40.679> uh<01:57:41.199> Lena<01:57:41.480> and<01:57:41.599> Jonathan align:start position:0% little bit like the uh Lena and Jonathan align:start position:0% little bit like the uh Lena and Jonathan panels<01:57:42.480> sh<01:57:42.800> will<01:57:43.159> interview<01:57:44.239> um<01:57:45.239> uh<01:57:45.320> Senator align:start position:0% panels sh will interview um uh Senator align:start position:0% panels sh will interview um uh Senator Weiner<01:57:46.079> and<01:57:46.239> then<01:57:46.480> we'll<01:57:46.920> have<01:57:47.199> hopefully align:start position:0% Weiner and then we'll have hopefully align:start position:0% Weiner and then we'll have hopefully plenty<01:57:47.760> of<01:57:47.920> time<01:57:48.119> for<01:57:48.599> for<01:57:48.800> Q&A<01:57:49.639> and<01:57:49.840> we'll align:start position:0% plenty of time for for Q&A and we'll align:start position:0% plenty of time for for Q&A and we'll we'll<01:57:50.639> probably<01:57:51.079> move<01:57:51.440> to<01:57:52.199> to<01:57:52.360> end<01:57:52.599> about<01:57:52.840> 155 align:start position:0% we'll probably move to to end about 155 align:start position:0% we'll probably move to to end about 155 and<01:57:53.760> a<01:57:53.960> special<01:57:54.960> uh<01:57:55.119> surprise<01:57:55.639> guest<01:57:55.920> speaker align:start position:0% and a special uh surprise guest speaker align:start position:0% and a special uh surprise guest speaker at align:start position:0% at align:start position:0% at [Applause] align:start position:0% [Applause] align:start position:0% [Applause] 155<01:58:04.800> all<01:58:05.040> right<01:58:05.920> um<01:58:06.440> so<01:58:07.440> thank<01:58:07.599> you<01:58:07.760> for<01:58:08.679> doing align:start position:0% 155 all right um so thank you for doing align:start position:0% 155 all right um so thank you for doing this<01:58:09.199> talk<01:58:09.440> with<01:58:09.560> me<01:58:09.760> today<01:58:10.159> Senator<01:58:10.520> weiner align:start position:0% this talk with me today Senator weiner align:start position:0% this talk with me today Senator weiner um<01:58:12.360> your<01:58:12.639> bill<01:58:12.920> is<01:58:13.079> just<01:58:13.239> a<01:58:13.440> little<01:58:13.679> bit align:start position:0% um your bill is just a little bit align:start position:0% um your bill is just a little bit controversial<01:58:14.639> in<01:58:14.800> Silicon<01:58:15.239> Valley<01:58:15.840> uh<01:58:15.960> for align:start position:0% controversial in Silicon Valley uh for align:start position:0% controversial in Silicon Valley uh for those<01:58:16.440> who<01:58:16.560> don't<01:58:16.760> know<01:58:16.960> but<01:58:17.159> I<01:58:17.320> imagine<01:58:18.199> many align:start position:0% those who don't know but I imagine many align:start position:0% those who don't know but I imagine many of<01:58:18.520> you<01:58:18.719> do<01:58:19.280> it's<01:58:19.400> a<01:58:19.520> bill<01:58:19.760> that<01:58:19.840> would<01:58:20.040> require align:start position:0% of you do it's a bill that would require align:start position:0% of you do it's a bill that would require any<01:58:21.079> AI<01:58:21.400> company<01:58:21.800> De<01:58:22.079> deploying<01:58:22.599> a<01:58:22.840> certain align:start position:0% any AI company De deploying a certain align:start position:0% any AI company De deploying a certain threshold<01:58:23.760> of<01:58:23.960> compute<01:58:24.360> power<01:58:25.000> to<01:58:25.199> test align:start position:0% threshold of compute power to test align:start position:0% threshold of compute power to test whether<01:58:25.719> its<01:58:25.920> models<01:58:26.320> would<01:58:26.480> lead<01:58:26.679> to align:start position:0% whether its models would lead to align:start position:0% whether its models would lead to catastrophic<01:58:27.480> risks<01:58:28.159> among<01:58:28.440> many<01:58:28.679> other align:start position:0% catastrophic risks among many other align:start position:0% catastrophic risks among many other Provisions<01:58:29.480> but<01:58:29.639> that's<01:58:30.079> sort<01:58:30.239> of<01:58:30.360> the<01:58:30.440> main align:start position:0% Provisions but that's sort of the main align:start position:0% Provisions but that's sort of the main gist<01:58:30.960> of<01:58:31.079> it<01:58:32.040> um<01:58:32.760> I<01:58:32.840> want<01:58:32.960> to<01:58:33.159> start<01:58:33.400> off<01:58:33.639> just align:start position:0% gist of it um I want to start off just align:start position:0% gist of it um I want to start off just by<01:58:34.079> asking<01:58:34.440> you<01:58:35.360> why<01:58:35.599> now<01:58:36.079> so<01:58:36.360> AI<01:58:36.920> especially align:start position:0% by asking you why now so AI especially align:start position:0% by asking you why now so AI especially generative<01:58:37.800> AI<01:58:38.239> it's<01:58:38.400> still<01:58:38.679> very<01:58:38.920> nent<01:58:39.800> right align:start position:0% generative AI it's still very nent right align:start position:0% generative AI it's still very nent right um<01:58:41.360> why<01:58:41.520> did<01:58:41.679> you<01:58:41.760> feel<01:58:42.000> a<01:58:42.119> sense<01:58:42.280> of<01:58:42.440> urgency align:start position:0% um why did you feel a sense of urgency align:start position:0% um why did you feel a sense of urgency to<01:58:43.159> do<01:58:43.840> this<01:58:44.840> uh<01:58:44.960> sure<01:58:45.320> first<01:58:45.480> of<01:58:45.560> all<01:58:45.719> thank align:start position:0% to do this uh sure first of all thank align:start position:0% to do this uh sure first of all thank you<01:58:46.079> for<01:58:46.520> having<01:58:46.760> me<01:58:47.440> uh<01:58:47.800> uh<01:58:47.920> today<01:58:48.679> uh<01:58:48.960> really align:start position:0% you for having me uh uh today uh really align:start position:0% you for having me uh uh today uh really appreciate<01:58:49.679> it<01:58:49.840> and<01:58:49.920> I<01:58:50.040> also<01:58:50.320> just<01:58:50.440> want<01:58:50.560> to align:start position:0% appreciate it and I also just want to align:start position:0% appreciate it and I also just want to say<01:58:51.360> thank<01:58:51.520> you<01:58:51.639> for<01:58:52.280> um<01:58:52.520> all<01:58:52.679> of<01:58:52.800> the align:start position:0% say thank you for um all of the align:start position:0% say thank you for um all of the engagement<01:58:53.639> by<01:58:53.880> a<01:58:54.000> lot<01:58:54.159> of<01:58:54.280> different<01:58:54.560> people align:start position:0% engagement by a lot of different people align:start position:0% engagement by a lot of different people in<01:58:54.960> a<01:58:55.079> lot<01:58:55.199> of<01:58:55.360> different<01:58:55.639> ways<01:58:56.560> on<01:58:56.760> this<01:58:56.920> bill align:start position:0% in a lot of different ways on this bill align:start position:0% in a lot of different ways on this bill it's<01:58:57.599> been<01:58:58.079> uh<01:58:58.400> it's<01:58:58.599> been<01:58:59.480> uh<01:58:59.599> it's<01:58:59.719> been align:start position:0% it's been uh it's been uh it's been align:start position:0% it's been uh it's been uh it's been interesting<01:59:00.480> and<01:59:00.679> it's<01:59:00.960> uh<01:59:01.079> it's<01:59:01.199> a<01:59:01.280> little align:start position:0% interesting and it's uh it's a little align:start position:0% interesting and it's uh it's a little different<01:59:01.679> I'm<01:59:01.800> used<01:59:02.040> to<01:59:02.760> like<01:59:02.960> housing align:start position:0% different I'm used to like housing align:start position:0% different I'm used to like housing policy<01:59:03.880> where<01:59:04.040> you<01:59:04.239> have<01:59:04.880> um<01:59:05.079> a<01:59:05.199> lot<01:59:05.360> of<01:59:05.679> just align:start position:0% policy where you have um a lot of just align:start position:0% policy where you have um a lot of just um<01:59:06.960> a<01:59:07.119> different<01:59:07.400> kind<01:59:07.599> of<01:59:07.800> engagement<01:59:08.480> at align:start position:0% um a different kind of engagement at align:start position:0% um a different kind of engagement at times<01:59:09.320> um<01:59:10.199> sometimes<01:59:10.440> less<01:59:10.679> a<01:59:10.760> little<01:59:11.199> less align:start position:0% times um sometimes less a little less align:start position:0% times um sometimes less a little less constructive<01:59:12.360> um<01:59:13.119> and<01:59:13.199> so<01:59:13.400> I<01:59:13.560> I<01:59:13.679> really<01:59:13.920> and<01:59:14.040> I align:start position:0% constructive um and so I I really and I align:start position:0% constructive um and so I I really and I appreciate<01:59:14.599> also<01:59:14.760> to<01:59:14.880> the<01:59:15.000> folks<01:59:15.159> who<01:59:15.280> are align:start position:0% appreciate also to the folks who are align:start position:0% appreciate also to the folks who are critics<01:59:15.719> of<01:59:15.840> the<01:59:15.920> bill<01:59:16.239> we've<01:59:16.599> really<01:59:17.360> um align:start position:0% critics of the bill we've really um align:start position:0% critics of the bill we've really um gotten<01:59:17.760> a<01:59:17.880> lot<01:59:18.040> of<01:59:18.679> constructive<01:59:19.679> uh<01:59:20.079> um align:start position:0% gotten a lot of constructive uh um align:start position:0% gotten a lot of constructive uh um feedback<01:59:20.840> from<01:59:21.280> from<01:59:21.639> folks<01:59:22.119> who<01:59:22.199> are<01:59:22.320> not align:start position:0% feedback from from folks who are not align:start position:0% feedback from from folks who are not fans<01:59:22.719> of<01:59:22.840> the<01:59:22.960> bill<01:59:23.199> and<01:59:23.480> and<01:59:23.599> we<01:59:23.760> really align:start position:0% fans of the bill and and we really align:start position:0% fans of the bill and and we really appreciate<01:59:24.480> that<01:59:25.239> um<01:59:25.400> as<01:59:25.520> well<01:59:25.719> in<01:59:25.840> terms<01:59:26.079> of align:start position:0% appreciate that um as well in terms of align:start position:0% appreciate that um as well in terms of why<01:59:26.800> now<01:59:27.800> as<01:59:27.960> human<01:59:28.199> beings<01:59:28.760> we<01:59:28.920> have<01:59:29.079> a align:start position:0% why now as human beings we have a align:start position:0% why now as human beings we have a tendency<01:59:30.280> to<01:59:31.280> um<01:59:31.639> not<01:59:31.920> deal<01:59:33.079> with<01:59:34.079> uh align:start position:0% tendency to um not deal with uh align:start position:0% tendency to um not deal with uh potential<01:59:35.000> issues<01:59:35.400> or<01:59:36.159> problems<01:59:36.560> or align:start position:0% potential issues or problems or align:start position:0% potential issues or problems or challenges<01:59:37.760> until<01:59:38.760> uh<01:59:39.400> something<01:59:40.400> uh<01:59:41.119> bad align:start position:0% challenges until uh something uh bad align:start position:0% challenges until uh something uh bad happens<01:59:42.480> um<01:59:42.719> it's<01:59:43.320> just<01:59:43.800> I<01:59:43.920> think<01:59:44.280> sometimes align:start position:0% happens um it's just I think sometimes align:start position:0% happens um it's just I think sometimes how<01:59:44.679> we're<01:59:44.960> wired<01:59:45.520> as<01:59:46.159> uh<01:59:46.320> human<01:59:46.560> beings<01:59:47.000> and align:start position:0% how we're wired as uh human beings and align:start position:0% how we're wired as uh human beings and we've<01:59:47.880> seen<01:59:48.159> this<01:59:48.320> in<01:59:48.440> the<01:59:48.800> technology<01:59:49.800> uh align:start position:0% we've seen this in the technology uh align:start position:0% we've seen this in the technology uh space<01:59:50.360> around<01:59:50.679> data<01:59:51.040> privacy<01:59:51.560> around<01:59:51.760> social align:start position:0% space around data privacy around social align:start position:0% space around data privacy around social social<01:59:52.239> media<01:59:52.599> about<01:59:52.840> any<01:59:53.000> number<01:59:53.280> of<01:59:53.480> issues align:start position:0% social media about any number of issues align:start position:0% social media about any number of issues where<01:59:54.560> we<01:59:54.760> really<01:59:55.040> did<01:59:56.000> essentially<01:59:56.679> nothing align:start position:0% where we really did essentially nothing align:start position:0% where we really did essentially nothing and<01:59:57.840> then<01:59:58.159> had<01:59:58.320> to<01:59:58.520> play<01:59:59.320> uh<01:59:59.520> catchup align:start position:0% and then had to play uh catchup align:start position:0% and then had to play uh catchup afterwards<02:00:01.199> uh<02:00:01.400> and<02:00:01.719> by<02:00:01.840> the<02:00:01.920> way<02:00:02.159> Congress align:start position:0% afterwards uh and by the way Congress align:start position:0% afterwards uh and by the way Congress still<02:00:03.000> has<02:00:03.159> not<02:00:03.440> passed<02:00:03.960> a<02:00:04.079> federal<02:00:04.400> data align:start position:0% still has not passed a federal data align:start position:0% still has not passed a federal data Privacy<02:00:05.079> Law<02:00:05.400> in<02:00:06.040> 2024<02:00:07.040> um<02:00:07.159> we<02:00:07.280> had<02:00:07.360> to<02:00:07.520> do<02:00:07.800> we align:start position:0% Privacy Law in 2024 um we had to do we align:start position:0% Privacy Law in 2024 um we had to do we did<02:00:08.159> that<02:00:08.320> in<02:00:08.520> California<02:00:09.079> in<02:00:09.199> 2018<02:00:10.159> and<02:00:10.280> it align:start position:0% did that in California in 2018 and it align:start position:0% did that in California in 2018 and it was<02:00:10.560> controversial<02:00:11.520> and<02:00:11.639> a<02:00:11.760> lot<02:00:11.920> of<02:00:12.040> folks<02:00:12.280> in align:start position:0% was controversial and a lot of folks in align:start position:0% was controversial and a lot of folks in the<02:00:12.560> tech<02:00:12.800> world<02:00:13.119> were<02:00:13.320> opposed<02:00:13.679> to<02:00:13.840> that<02:00:14.000> bill align:start position:0% the tech world were opposed to that bill align:start position:0% the tech world were opposed to that bill and<02:00:14.760> told<02:00:15.000> us<02:00:15.119> that<02:00:15.280> everyone<02:00:15.599> was<02:00:15.719> going<02:00:15.800> to align:start position:0% and told us that everyone was going to align:start position:0% and told us that everyone was going to leave<02:00:16.280> California<02:00:16.920> if<02:00:17.040> we<02:00:17.199> passed<02:00:17.520> it<02:00:17.800> we align:start position:0% leave California if we passed it we align:start position:0% leave California if we passed it we passed<02:00:18.280> it<02:00:18.639> that<02:00:18.760> did<02:00:18.920> not<02:00:19.159> happen<02:00:20.079> um<02:00:20.679> and<02:00:20.840> we align:start position:0% passed it that did not happen um and we align:start position:0% passed it that did not happen um and we set<02:00:21.320> a<02:00:21.440> standard<02:00:22.239> that<02:00:22.440> I<02:00:22.560> think<02:00:22.679> was<02:00:22.840> a<02:00:23.000> really align:start position:0% set a standard that I think was a really align:start position:0% set a standard that I think was a really uh<02:00:23.679> powerful<02:00:24.079> one<02:00:24.960> um<02:00:25.679> I<02:00:25.880> also<02:00:26.800> um<02:00:26.960> so<02:00:27.440> I<02:00:27.520> think align:start position:0% uh powerful one um I also um so I think align:start position:0% uh powerful one um I also um so I think it's<02:00:27.800> about<02:00:28.079> trying<02:00:28.320> to<02:00:29.000> understand<02:00:29.679> and<02:00:29.880> get align:start position:0% it's about trying to understand and get align:start position:0% it's about trying to understand and get ahead<02:00:30.719> of<02:00:31.320> safety<02:00:31.719> risks<02:00:32.719> uh<02:00:33.000> and<02:00:33.239> doing<02:00:33.639> so<02:00:34.639> in align:start position:0% ahead of safety risks uh and doing so in align:start position:0% ahead of safety risks uh and doing so in the<02:00:35.040> context<02:00:35.880> of<02:00:36.079> the<02:00:36.280> reality<02:00:36.760> that<02:00:37.199> AI<02:00:38.199> is<02:00:39.000> to align:start position:0% the context of the reality that AI is to align:start position:0% the context of the reality that AI is to me<02:00:39.480> incredibly<02:00:40.280> exciting<02:00:41.280> uh<02:00:41.560> what's align:start position:0% me incredibly exciting uh what's align:start position:0% me incredibly exciting uh what's happening<02:00:42.199> now<02:00:42.480> is<02:00:42.679> incredibly<02:00:43.320> exciting<02:00:44.159> the align:start position:0% happening now is incredibly exciting the align:start position:0% happening now is incredibly exciting the prospect<02:00:45.719> of<02:00:45.960> being<02:00:46.159> able<02:00:46.480> to<02:00:47.400> solve<02:00:48.400> problems align:start position:0% prospect of being able to solve problems align:start position:0% prospect of being able to solve problems that<02:00:48.960> we<02:00:49.079> have<02:00:49.199> been<02:00:49.440> unable<02:00:49.920> to<02:00:50.159> solve<02:00:50.520> as<02:00:50.639> a align:start position:0% that we have been unable to solve as a align:start position:0% that we have been unable to solve as a society<02:00:51.719> that<02:00:52.000> of<02:00:52.199> AI<02:00:52.599> contributing<02:00:53.280> to<02:00:53.520> those align:start position:0% society that of AI contributing to those align:start position:0% society that of AI contributing to those Solutions<02:00:54.520> is<02:00:54.719> incredibly<02:00:55.480> exciting<02:00:56.119> I align:start position:0% Solutions is incredibly exciting I align:start position:0% Solutions is incredibly exciting I fundamentally<02:00:57.119> believe<02:00:57.880> that<02:00:58.079> AI<02:00:58.719> can<02:00:59.000> and align:start position:0% fundamentally believe that AI can and align:start position:0% fundamentally believe that AI can and will<02:00:59.719> make<02:01:00.040> the<02:01:00.159> world<02:01:00.800> a<02:01:00.960> better<02:01:01.280> place<02:01:01.880> but align:start position:0% will make the world a better place but align:start position:0% will make the world a better place but with<02:01:02.400> any<02:01:02.960> incredibly<02:01:03.880> powerful align:start position:0% with any incredibly powerful align:start position:0% with any incredibly powerful transformative align:start position:0% transformative align:start position:0% transformative technology<02:01:07.239> there<02:01:07.400> are<02:01:07.679> always<02:01:08.079> going<02:01:08.199> to<02:01:08.320> be align:start position:0% technology there are always going to be align:start position:0% technology there are always going to be risks<02:01:09.079> it's<02:01:09.239> not<02:01:09.440> unique<02:01:09.920> to<02:01:10.119> AI<02:01:10.520> there<02:01:10.760> always align:start position:0% risks it's not unique to AI there always align:start position:0% risks it's not unique to AI there always going<02:01:11.079> to<02:01:11.239> be<02:01:11.400> risks<02:01:12.280> and<02:01:12.400> so<02:01:12.639> we<02:01:12.719> should<02:01:13.000> try align:start position:0% going to be risks and so we should try align:start position:0% going to be risks and so we should try to<02:01:13.719> understand<02:01:14.000> those<02:01:14.239> risks<02:01:15.159> people<02:01:15.400> who<02:01:15.520> are align:start position:0% to understand those risks people who are align:start position:0% to understand those risks people who are building<02:01:16.239> incredibly<02:01:16.960> powerful<02:01:17.400> models align:start position:0% building incredibly powerful models align:start position:0% building incredibly powerful models should<02:01:18.560> try<02:01:18.800> to<02:01:19.360> understand<02:01:20.079> those<02:01:20.360> risks<02:01:21.000> as align:start position:0% should try to understand those risks as align:start position:0% should try to understand those risks as they<02:01:21.320> have<02:01:21.440> already<02:01:21.719> k<02:01:21.960> committed<02:01:22.280> to<02:01:22.480> do<02:01:23.320> all align:start position:0% they have already k committed to do all align:start position:0% they have already k committed to do all the<02:01:23.679> big<02:01:23.880> Labs<02:01:24.199> have<02:01:24.400> committed<02:01:24.719> to<02:01:24.880> do<02:01:25.119> this align:start position:0% the big Labs have committed to do this align:start position:0% the big Labs have committed to do this testing<02:01:26.599> uh<02:01:26.800> and<02:01:26.920> to<02:01:27.199> mitigate<02:01:27.960> if<02:01:28.079> it's align:start position:0% testing uh and to mitigate if it's align:start position:0% testing uh and to mitigate if it's possible<02:01:28.760> not<02:01:28.880> to<02:01:29.119> eliminate<02:01:30.079> risk<02:01:31.079> it's<02:01:31.239> not align:start position:0% possible not to eliminate risk it's not align:start position:0% possible not to eliminate risk it's not we<02:01:31.840> can't<02:01:32.040> eliminate<02:01:32.480> risk<02:01:32.840> that's<02:01:33.040> not<02:01:33.239> like align:start position:0% we can't eliminate risk that's not like align:start position:0% we can't eliminate risk that's not like the<02:01:33.599> world<02:01:34.280> the<02:01:34.599> reality<02:01:35.560> but<02:01:35.800> trying<02:01:36.079> to<02:01:36.199> see align:start position:0% the world the reality but trying to see align:start position:0% the world the reality but trying to see if<02:01:36.520> there<02:01:36.639> are<02:01:36.880> ways<02:01:37.199> that<02:01:37.360> we<02:01:37.480> can<02:01:38.000> reduce align:start position:0% if there are ways that we can reduce align:start position:0% if there are ways that we can reduce risk<02:01:38.719> so<02:01:39.000> really<02:01:39.360> accentuate<02:01:40.119> the<02:01:40.679> good<02:01:41.679> um align:start position:0% risk so really accentuate the good um align:start position:0% risk so really accentuate the good um while<02:01:42.679> understanding<02:01:43.679> uh<02:01:44.360> the<02:01:44.480> potential align:start position:0% while understanding uh the potential align:start position:0% while understanding uh the potential harms<02:01:45.679> and<02:01:46.119> the<02:01:46.280> and<02:01:46.480> why<02:01:46.639> now<02:01:46.840> in<02:01:47.040> California align:start position:0% harms and the and why now in California align:start position:0% harms and the and why now in California because<02:01:48.159> I<02:01:48.239> don't<02:01:48.400> have<02:01:48.679> any<02:01:49.000> confidence<02:01:49.960> that align:start position:0% because I don't have any confidence that align:start position:0% because I don't have any confidence that the<02:01:50.199> federal<02:01:50.560> government<02:01:51.199> is<02:01:51.360> going<02:01:51.480> to<02:01:51.599> do align:start position:0% the federal government is going to do align:start position:0% the federal government is going to do this<02:01:52.239> like<02:01:52.360> I<02:01:52.480> said<02:01:52.760> Congress<02:01:53.119> has<02:01:53.239> not<02:01:53.480> passed align:start position:0% this like I said Congress has not passed align:start position:0% this like I said Congress has not passed the<02:01:53.840> data<02:01:54.159> Privacy<02:01:54.599> Law<02:01:54.960> yet<02:01:55.800> um<02:01:56.239> President align:start position:0% the data Privacy Law yet um President align:start position:0% the data Privacy Law yet um President Biden<02:01:57.079> issued<02:01:57.480> this<02:01:57.679> executive<02:01:58.639> uh<02:01:58.840> order<02:01:59.840> um align:start position:0% Biden issued this executive uh order um align:start position:0% Biden issued this executive uh order um which<02:02:00.960> uh<02:02:01.520> the<02:02:01.639> other<02:02:02.239> person<02:02:02.719> running<02:02:03.520> I align:start position:0% which uh the other person running I align:start position:0% which uh the other person running I won't<02:02:04.040> he<02:02:04.199> who<02:02:04.320> shall<02:02:04.639> remain<02:02:04.760> on<02:02:05.000> names<02:02:05.960> um align:start position:0% won't he who shall remain on names um align:start position:0% won't he who shall remain on names um has<02:02:06.480> already<02:02:06.760> said<02:02:07.239> or<02:02:07.440> the<02:02:07.639> Republican align:start position:0% has already said or the Republican align:start position:0% has already said or the Republican platform<02:02:08.840> has<02:02:09.000> already<02:02:09.280> said<02:02:09.520> that<02:02:09.639> they're align:start position:0% platform has already said that they're align:start position:0% platform has already said that they're going<02:02:09.880> to<02:02:10.040> get<02:02:10.199> rid<02:02:10.360> of<02:02:10.520> that<02:02:11.040> executive<02:02:11.480> order align:start position:0% going to get rid of that executive order align:start position:0% going to get rid of that executive order the<02:02:11.920> Republicans<02:02:12.360> have<02:02:12.520> been<02:02:12.639> trying<02:02:12.840> to<02:02:13.000> get align:start position:0% the Republicans have been trying to get align:start position:0% the Republicans have been trying to get rid<02:02:13.280> of<02:02:13.440> nist<02:02:14.440> uh<02:02:14.560> and<02:02:14.679> so<02:02:14.840> we<02:02:14.960> have<02:02:15.040> a align:start position:0% rid of nist uh and so we have a align:start position:0% rid of nist uh and so we have a responsibility<02:02:15.960> in<02:02:16.159> California<02:02:16.679> to align:start position:0% responsibility in California to align:start position:0% responsibility in California to lead<02:02:18.480> so<02:02:19.239> I<02:02:19.360> know<02:02:19.719> that<02:02:19.880> you've<02:02:20.040> done<02:02:20.199> some align:start position:0% lead so I know that you've done some align:start position:0% lead so I know that you've done some polling<02:02:20.679> or<02:02:20.800> there's<02:02:21.000> been<02:02:21.119> some<02:02:21.280> polling<02:02:21.560> and align:start position:0% polling or there's been some polling and align:start position:0% polling or there's been some polling and there<02:02:22.000> was<02:02:22.280> you<02:02:22.360> know<02:02:22.599> there<02:02:22.800> there<02:02:22.960> is<02:02:23.719> some align:start position:0% there was you know there there is some align:start position:0% there was you know there there is some support<02:02:24.880> people<02:02:25.119> say<02:02:25.320> you<02:02:25.400> know<02:02:25.639> in<02:02:25.719> the align:start position:0% support people say you know in the align:start position:0% support people say you know in the general<02:02:26.880> kind<02:02:26.960> of<02:02:27.159> public<02:02:27.520> for<02:02:27.719> this<02:02:27.840> bill<02:02:28.079> I align:start position:0% general kind of public for this bill I align:start position:0% general kind of public for this bill I know<02:02:28.280> it's<02:02:28.520> pasted<02:02:29.239> California<02:02:30.119> house<02:02:30.960> by align:start position:0% know it's pasted California house by align:start position:0% know it's pasted California house by wide<02:02:31.440> margins<02:02:32.040> but<02:02:32.159> there<02:02:32.320> has<02:02:32.480> been<02:02:32.840> a<02:02:33.000> lot<02:02:33.199> of align:start position:0% wide margins but there has been a lot of align:start position:0% wide margins but there has been a lot of push<02:02:33.679> back<02:02:33.880> in<02:02:34.000> the<02:02:34.119> Tech<02:02:34.360> Community<02:02:34.719> a<02:02:34.800> lot<02:02:34.920> of align:start position:0% push back in the Tech Community a lot of align:start position:0% push back in the Tech Community a lot of concern<02:02:35.480> that<02:02:35.679> this<02:02:35.800> could<02:02:36.040> stifle<02:02:36.840> the align:start position:0% concern that this could stifle the align:start position:0% concern that this could stifle the startup<02:02:37.440> ecosystem<02:02:38.199> particularly<02:02:38.840> open- align:start position:0% startup ecosystem particularly open- align:start position:0% startup ecosystem particularly open- Source<02:02:39.520> AI<02:02:40.199> so<02:02:40.400> I<02:02:40.480> just<02:02:40.599> want<02:02:40.719> to<02:02:40.840> ask<02:02:41.000> did<02:02:41.159> you align:start position:0% Source AI so I just want to ask did you align:start position:0% Source AI so I just want to ask did you expect<02:02:41.880> and<02:02:42.079> anticipate<02:02:42.800> this<02:02:43.000> level<02:02:43.840> of<02:02:44.119> push align:start position:0% expect and anticipate this level of push align:start position:0% expect and anticipate this level of push back<02:02:44.520> on<02:02:44.639> the<02:02:44.760> bill<02:02:45.000> from<02:02:45.119> the<02:02:45.239> tech<02:02:45.520> community align:start position:0% back on the bill from the tech community align:start position:0% back on the bill from the tech community and<02:02:46.679> what<02:02:46.800> do<02:02:46.880> you<02:02:47.000> think<02:02:47.159> are<02:02:47.360> the<02:02:47.480> most<02:02:47.760> Fair align:start position:0% and what do you think are the most Fair align:start position:0% and what do you think are the most Fair criticisms<02:02:48.840> of<02:02:49.000> the<02:02:49.119> bill<02:02:49.440> and<02:02:49.560> what<02:02:49.639> do<02:02:49.760> you align:start position:0% criticisms of the bill and what do you align:start position:0% criticisms of the bill and what do you think<02:02:50.000> is<02:02:50.199> maybe<02:02:50.920> you<02:02:51.000> know<02:02:51.119> the<02:02:51.199> biggest<02:02:51.480> Mis align:start position:0% think is maybe you know the biggest Mis align:start position:0% think is maybe you know the biggest Mis perception<02:02:52.440> of<02:02:52.719> of<02:02:52.840> it<02:02:53.199> um<02:02:53.639> yeah<02:02:53.840> so<02:02:54.360> the<02:02:54.920> the align:start position:0% perception of of it um yeah so the the align:start position:0% perception of of it um yeah so the the polling<02:02:55.560> has<02:02:55.679> been<02:02:55.920> off<02:02:56.159> the<02:02:56.280> charts align:start position:0% polling has been off the charts align:start position:0% polling has been off the charts including<02:02:57.000> among<02:02:57.239> Tech<02:02:57.560> workers<02:02:58.560> um<02:02:59.040> but align:start position:0% including among Tech workers um but align:start position:0% including among Tech workers um but ultimately<02:03:00.000> as<02:03:00.159> I've<02:03:00.400> said<02:03:01.040> um<02:03:01.199> many<02:03:01.480> times align:start position:0% ultimately as I've said um many times align:start position:0% ultimately as I've said um many times this<02:03:02.040> is<02:03:02.280> this<02:03:02.440> isn't<02:03:02.760> about<02:03:03.560> to<02:03:03.639> me<02:03:03.800> it's<02:03:03.920> not align:start position:0% this is this isn't about to me it's not align:start position:0% this is this isn't about to me it's not about<02:03:04.280> pulling<02:03:05.280> it's<02:03:05.400> not<02:03:05.560> about<02:03:05.840> just align:start position:0% about pulling it's not about just align:start position:0% about pulling it's not about just winning<02:03:06.840> winning<02:03:07.119> the<02:03:07.280> fight<02:03:07.520> I<02:03:07.599> want<02:03:07.760> to<02:03:07.920> get align:start position:0% winning winning the fight I want to get align:start position:0% winning winning the fight I want to get this<02:03:08.320> right<02:03:08.719> that<02:03:08.840> is<02:03:08.960> my<02:03:09.119> goal<02:03:09.320> to<02:03:09.520> get<02:03:09.679> this align:start position:0% this right that is my goal to get this align:start position:0% this right that is my goal to get this right<02:03:10.199> and<02:03:10.360> that's<02:03:10.560> why<02:03:10.760> from<02:03:10.920> the<02:03:11.079> very align:start position:0% right and that's why from the very align:start position:0% right and that's why from the very beginning<02:03:12.199> um<02:03:12.360> I've<02:03:12.480> tried<02:03:12.719> to<02:03:12.840> send<02:03:13.320> very align:start position:0% beginning um I've tried to send very align:start position:0% beginning um I've tried to send very very<02:03:14.000> powerful<02:03:14.480> signals<02:03:15.239> that<02:03:15.400> we<02:03:15.480> have<02:03:15.599> an align:start position:0% very powerful signals that we have an align:start position:0% very powerful signals that we have an open<02:03:16.040> door<02:03:16.520> and<02:03:16.679> that<02:03:16.800> we<02:03:16.920> want<02:03:17.639> constructive align:start position:0% open door and that we want constructive align:start position:0% open door and that we want constructive feedback<02:03:18.800> about<02:03:19.000> the<02:03:19.159> bill<02:03:19.520> because<02:03:19.679> we<02:03:19.800> want align:start position:0% feedback about the bill because we want align:start position:0% feedback about the bill because we want to<02:03:20.079> get<02:03:20.199> it<02:03:20.400> right<02:03:20.880> and<02:03:21.000> I<02:03:21.079> am<02:03:21.199> so<02:03:21.480> deep align:start position:0% to get it right and I am so deep align:start position:0% to get it right and I am so deep grateful<02:03:22.719> to<02:03:22.880> the<02:03:23.000> folks<02:03:23.280> who<02:03:23.400> have<02:03:23.679> really align:start position:0% grateful to the folks who have really align:start position:0% grateful to the folks who have really worked<02:03:24.320> hard<02:03:24.560> to<02:03:24.760> provide<02:03:25.360> that<02:03:25.599> feedback align:start position:0% worked hard to provide that feedback align:start position:0% worked hard to provide that feedback including<02:03:26.560> folks<02:03:27.159> in<02:03:27.280> the<02:03:27.400> open<02:03:27.679> source align:start position:0% including folks in the open source align:start position:0% including folks in the open source community<02:03:28.520> and<02:03:28.639> we've<02:03:28.880> made<02:03:29.159> a<02:03:29.320> series<02:03:30.159> of align:start position:0% community and we've made a series of align:start position:0% community and we've made a series of amendments<02:03:31.239> uh<02:03:31.360> in<02:03:31.560> direct<02:03:31.920> response<02:03:32.360> to<02:03:32.520> some align:start position:0% amendments uh in direct response to some align:start position:0% amendments uh in direct response to some of<02:03:32.840> that<02:03:33.280> critical<02:03:34.159> constructive<02:03:34.719> feedback<02:03:35.719> I align:start position:0% of that critical constructive feedback I align:start position:0% of that critical constructive feedback I no<02:03:36.360> no<02:03:36.560> I<02:03:36.840> I<02:03:36.920> knew<02:03:37.159> that<02:03:37.360> there<02:03:37.800> people<02:03:37.960> were align:start position:0% no no I I knew that there people were align:start position:0% no no I I knew that there people were going<02:03:38.199> to<02:03:38.320> have<02:03:38.639> opinions<02:03:39.360> about<02:03:39.719> this<02:03:40.000> bill<02:03:40.480> I align:start position:0% going to have opinions about this bill I align:start position:0% going to have opinions about this bill I was<02:03:41.000> I<02:03:41.119> you<02:03:41.239> know<02:03:41.400> the<02:03:41.520> bill<02:03:41.960> arose<02:03:42.559> despite align:start position:0% was I you know the bill arose despite align:start position:0% was I you know the bill arose despite some<02:03:43.000> of<02:03:43.079> the<02:03:43.239> conspiracy<02:03:43.840> theories<02:03:44.840> um align:start position:0% some of the conspiracy theories um align:start position:0% some of the conspiracy theories um online<02:03:45.800> and<02:03:45.960> there<02:03:46.040> have<02:03:46.159> been<02:03:46.280> a<02:03:46.440> lot<02:03:46.719> of align:start position:0% online and there have been a lot of align:start position:0% online and there have been a lot of conspiracy<02:03:47.480> theories<02:03:47.920> about<02:03:48.199> this<02:03:48.480> bill<02:03:49.079> this align:start position:0% conspiracy theories about this bill this align:start position:0% conspiracy theories about this bill this bill<02:03:49.639> arose<02:03:50.599> uh<02:03:50.719> organically<02:03:51.440> just align:start position:0% bill arose uh organically just align:start position:0% bill arose uh organically just conversations<02:03:52.639> I<02:03:52.719> was<02:03:52.960> having<02:03:53.599> with<02:03:53.800> folks<02:03:54.159> in align:start position:0% conversations I was having with folks in align:start position:0% conversations I was having with folks in the<02:03:54.480> AI<02:03:54.840> space<02:03:55.159> Frontline<02:03:55.679> technologists align:start position:0% the AI space Frontline technologists align:start position:0% the AI space Frontline technologists startup<02:03:57.199> Founders<02:03:58.199> um<02:03:58.599> academics<02:03:59.599> um<02:03:59.840> you<02:03:59.920> say align:start position:0% startup Founders um academics um you say align:start position:0% startup Founders um academics um you say which<02:04:00.280> ones<02:04:00.920> there<02:04:01.040> was<02:04:01.440> I<02:04:01.760> I<02:04:02.119> attended<02:04:02.520> a align:start position:0% which ones there was I I attended a align:start position:0% which ones there was I I attended a series<02:04:03.040> of<02:04:03.559> salons<02:04:04.079> dinners<02:04:04.400> there<02:04:04.480> were align:start position:0% series of salons dinners there were align:start position:0% series of salons dinners there were actually<02:04:04.800> a<02:04:04.920> large<02:04:05.159> number<02:04:05.400> of<02:04:05.520> people<02:04:05.760> and align:start position:0% actually a large number of people and align:start position:0% actually a large number of people and that's<02:04:05.960> not<02:04:06.119> to<02:04:06.199> say<02:04:06.360> they<02:04:06.480> all<02:04:06.639> had<02:04:06.800> the<02:04:06.920> same align:start position:0% that's not to say they all had the same align:start position:0% that's not to say they all had the same opinions<02:04:08.360> um<02:04:08.599> but<02:04:08.880> that<02:04:09.159> that's<02:04:09.320> sort<02:04:09.520> of<02:04:09.679> how align:start position:0% opinions um but that that's sort of how align:start position:0% opinions um but that that's sort of how this<02:04:10.760> uh<02:04:10.960> came<02:04:11.159> up<02:04:12.040> uh<02:04:12.280> and<02:04:12.599> we<02:04:12.840> then<02:04:13.040> started align:start position:0% this uh came up uh and we then started align:start position:0% this uh came up uh and we then started Haring<02:04:14.400> a<02:04:14.480> lot<02:04:14.639> of<02:04:14.840> the<02:04:15.119> the<02:04:15.280> labs<02:04:15.840> and<02:04:16.400> DCS<02:04:16.960> and align:start position:0% Haring a lot of the the labs and DCS and align:start position:0% Haring a lot of the the labs and DCS and others<02:04:17.599> and<02:04:17.960> academics<02:04:18.520> say<02:04:18.960> hey<02:04:19.159> can<02:04:19.280> you align:start position:0% others and academics say hey can you align:start position:0% others and academics say hey can you tell<02:04:19.559> us<02:04:19.719> what<02:04:19.800> you<02:04:19.920> think<02:04:20.159> tell<02:04:20.320> us<02:04:20.480> what<02:04:20.599> you align:start position:0% tell us what you think tell us what you align:start position:0% tell us what you think tell us what you think<02:04:21.079> so<02:04:21.800> um<02:04:21.960> it<02:04:22.079> was<02:04:22.239> not<02:04:22.400> the<02:04:22.559> other<02:04:22.760> way align:start position:0% think so um it was not the other way align:start position:0% think so um it was not the other way around<02:04:23.280> no<02:04:23.360> one<02:04:23.559> came<02:04:23.719> to<02:04:23.880> us<02:04:24.000> and<02:04:24.119> said<02:04:24.360> here's align:start position:0% around no one came to us and said here's align:start position:0% around no one came to us and said here's a<02:04:24.719> bill<02:04:25.000> with<02:04:25.079> a<02:04:25.199> ribbon<02:04:25.480> wrapped<02:04:25.880> around<02:04:26.159> it align:start position:0% a bill with a ribbon wrapped around it align:start position:0% a bill with a ribbon wrapped around it please<02:04:26.920> introduce<02:04:27.360> it<02:04:27.559> we<02:04:27.719> came<02:04:27.920> up<02:04:28.079> with<02:04:28.199> it align:start position:0% please introduce it we came up with it align:start position:0% please introduce it we came up with it and<02:04:28.440> then<02:04:28.599> we<02:04:28.760> started<02:04:29.480> soliciting<02:04:30.480> um<02:04:30.920> uh align:start position:0% and then we started soliciting um uh align:start position:0% and then we started soliciting um uh feedback<02:04:31.880> uh<02:04:32.000> on<02:04:32.199> it<02:04:33.040> um<02:04:33.440> and<02:04:33.599> so<02:04:34.000> and<02:04:34.119> I align:start position:0% feedback uh on it um and so and I align:start position:0% feedback uh on it um and so and I actually<02:04:34.520> took<02:04:34.800> the<02:04:35.320> um<02:04:35.960> pretty<02:04:36.719> like align:start position:0% actually took the um pretty like align:start position:0% actually took the um pretty like extraordinary<02:04:38.280> very<02:04:38.760> rare<02:04:38.960> step<02:04:39.280> I've align:start position:0% extraordinary very rare step I've align:start position:0% extraordinary very rare step I've actually<02:04:39.639> never<02:04:39.840> seen<02:04:40.000> it<02:04:40.159> done<02:04:40.440> before<02:04:41.400> where align:start position:0% actually never seen it done before where align:start position:0% actually never seen it done before where um<02:04:42.760> in<02:04:43.119> last<02:04:43.400> year's<02:04:43.800> legislative<02:04:44.360> session align:start position:0% um in last year's legislative session align:start position:0% um in last year's legislative session 2023<02:04:45.880> on<02:04:46.040> the<02:04:46.280> last<02:04:46.520> day<02:04:46.679> of<02:04:46.920> session<02:04:47.920> I align:start position:0% 2023 on the last day of session I align:start position:0% 2023 on the last day of session I introduced<02:04:48.599> what's<02:04:48.760> called<02:04:48.920> an<02:04:49.079> intent<02:04:49.440> Bill align:start position:0% introduced what's called an intent Bill align:start position:0% introduced what's called an intent Bill basically<02:04:50.400> a<02:04:50.760> an<02:04:51.000> outline<02:04:51.920> of<02:04:52.079> the<02:04:52.239> bill<02:04:52.760> we align:start position:0% basically a an outline of the bill we align:start position:0% basically a an outline of the bill we like<02:04:53.079> blasted<02:04:53.559> that<02:04:53.679> out<02:04:53.840> to<02:04:54.000> the<02:04:54.159> world<02:04:54.520> and align:start position:0% like blasted that out to the world and align:start position:0% like blasted that out to the world and and<02:04:54.880> actually<02:04:55.199> put<02:04:55.360> it<02:04:55.559> into<02:04:56.040> an<02:04:56.280> official align:start position:0% and actually put it into an official align:start position:0% and actually put it into an official bill<02:04:57.800> um<02:04:58.639> not<02:04:59.000> not<02:04:59.199> because<02:04:59.880> an<02:05:00.000> outline<02:05:00.520> you align:start position:0% bill um not not because an outline you align:start position:0% bill um not not because an outline you can't<02:05:00.880> pass<02:05:01.079> an<02:05:01.199> outline<02:05:01.920> but<02:05:02.040> we<02:05:02.199> wanted<02:05:02.440> to align:start position:0% can't pass an outline but we wanted to align:start position:0% can't pass an outline but we wanted to literally<02:05:03.320> like<02:05:03.440> just<02:05:03.760> put<02:05:03.920> it<02:05:04.239> be<02:05:04.520> super align:start position:0% literally like just put it be super align:start position:0% literally like just put it be super transparent<02:05:05.480> about<02:05:05.679> what<02:05:05.760> we<02:05:05.880> were<02:05:06.040> thinking align:start position:0% transparent about what we were thinking align:start position:0% transparent about what we were thinking about<02:05:06.880> to<02:05:07.079> try<02:05:07.239> to<02:05:07.400> generate<02:05:08.280> um<02:05:08.440> that align:start position:0% about to try to generate um that align:start position:0% about to try to generate um that feedback<02:05:09.119> and<02:05:09.559> critiques<02:05:10.360> um<02:05:10.480> of<02:05:10.599> the<02:05:10.679> bill<02:05:10.960> so align:start position:0% feedback and critiques um of the bill so align:start position:0% feedback and critiques um of the bill so we've<02:05:11.280> tried<02:05:11.480> to<02:05:11.639> do<02:05:11.840> that<02:05:12.480> uh<02:05:12.599> from<02:05:12.760> the<02:05:12.960> very align:start position:0% we've tried to do that uh from the very align:start position:0% we've tried to do that uh from the very um<02:05:14.199> uh<02:05:14.480> very<02:05:14.719> beginning<02:05:15.559> um<02:05:15.800> so<02:05:15.960> no<02:05:16.119> I'm<02:05:16.239> not align:start position:0% um uh very beginning um so no I'm not align:start position:0% um uh very beginning um so no I'm not surprised<02:05:16.880> that<02:05:16.960> there's<02:05:17.280> push<02:05:17.480> back<02:05:17.800> I<02:05:18.079> what align:start position:0% surprised that there's push back I what align:start position:0% surprised that there's push back I what what<02:05:19.280> is<02:05:19.440> I<02:05:19.520> don't<02:05:19.599> want<02:05:19.679> to<02:05:19.800> say<02:05:19.960> surprised align:start position:0% what is I don't want to say surprised align:start position:0% what is I don't want to say surprised because<02:05:20.599> I've<02:05:20.719> been<02:05:20.840> around<02:05:21.119> politics<02:05:21.520> long align:start position:0% because I've been around politics long align:start position:0% because I've been around politics long enough<02:05:22.280> to<02:05:22.559> never<02:05:22.880> really<02:05:23.079> be<02:05:23.280> surprised<02:05:24.159> um align:start position:0% enough to never really be surprised um align:start position:0% enough to never really be surprised um by<02:05:24.840> by<02:05:25.040> any<02:05:25.199> kind<02:05:25.360> of<02:05:25.520> politicking<02:05:26.520> there's align:start position:0% by by any kind of politicking there's align:start position:0% by by any kind of politicking there's been<02:05:27.320> a<02:05:27.480> lot<02:05:27.599> of<02:05:28.000> great<02:05:28.679> um<02:05:29.559> analysis<02:05:30.559> critique align:start position:0% been a lot of great um analysis critique align:start position:0% been a lot of great um analysis critique feedback<02:05:31.920> about<02:05:32.280> the<02:05:32.400> bill<02:05:33.119> there's<02:05:33.400> also align:start position:0% feedback about the bill there's also align:start position:0% feedback about the bill there's also been<02:05:34.320> a<02:05:34.480> lot<02:05:34.639> of<02:05:35.239> inaccurate<02:05:35.840> information align:start position:0% been a lot of inaccurate information align:start position:0% been a lot of inaccurate information just<02:05:36.400> to<02:05:36.520> be<02:05:36.679> blunt<02:05:37.119> especially<02:05:37.520> on<02:05:38.239> Twitter align:start position:0% just to be blunt especially on Twitter align:start position:0% just to be blunt especially on Twitter um<02:05:39.599> shockingly<02:05:40.599> um<02:05:40.960> but<02:05:41.159> elsewhere<02:05:42.040> as<02:05:42.280> well align:start position:0% um shockingly um but elsewhere as well align:start position:0% um shockingly um but elsewhere as well and<02:05:43.599> um<02:05:44.040> what<02:05:44.199> specifically<02:05:44.639> do<02:05:44.760> you<02:05:45.079> think<02:05:46.079> is align:start position:0% and um what specifically do you think is align:start position:0% and um what specifically do you think is the<02:05:46.440> inaccurate<02:05:46.960> information<02:05:47.599> that<02:05:47.760> has<02:05:48.320> been align:start position:0% the inaccurate information that has been align:start position:0% the inaccurate information that has been spread<02:05:48.679> about<02:05:48.760> this<02:05:48.920> um<02:05:49.079> there<02:05:49.199> have<02:05:49.360> been<02:05:49.760> we align:start position:0% spread about this um there have been we align:start position:0% spread about this um there have been we I<02:05:50.079> was<02:05:50.360> very<02:05:50.599> intentional<02:05:51.360> when<02:05:51.639> we<02:05:51.760> crafted align:start position:0% I was very intentional when we crafted align:start position:0% I was very intentional when we crafted this<02:05:52.320> bill<02:05:52.599> I<02:05:52.800> rejected<02:05:53.480> the<02:05:53.679> idea<02:05:54.199> that<02:05:54.480> that align:start position:0% this bill I rejected the idea that that align:start position:0% this bill I rejected the idea that that you<02:05:54.679> would<02:05:54.840> have<02:05:54.960> to<02:05:55.079> get<02:05:55.159> a<02:05:55.440> license<02:05:56.440> from<02:05:56.639> the align:start position:0% you would have to get a license from the align:start position:0% you would have to get a license from the government<02:05:57.239> in<02:05:57.360> order<02:05:57.639> to<02:05:58.000> train<02:05:58.480> or<02:05:58.719> release align:start position:0% government in order to train or release align:start position:0% government in order to train or release a<02:05:59.599> large<02:05:59.840> model<02:06:00.119> there<02:06:00.199> are<02:06:00.440> people<02:06:01.079> who<02:06:01.280> think align:start position:0% a large model there are people who think align:start position:0% a large model there are people who think that<02:06:01.719> you<02:06:01.840> should<02:06:02.119> have<02:06:02.239> to<02:06:02.400> get<02:06:03.000> actual align:start position:0% that you should have to get actual align:start position:0% that you should have to get actual permission<02:06:03.800> from<02:06:03.960> the<02:06:04.079> government<02:06:04.639> I align:start position:0% permission from the government I align:start position:0% permission from the government I rejected<02:06:05.440> that<02:06:06.119> um<02:06:06.239> out<02:06:06.400> of<02:06:06.639> hand<02:06:07.119> and<02:06:07.320> yet align:start position:0% rejected that um out of hand and yet align:start position:0% rejected that um out of hand and yet there<02:06:07.840> are<02:06:08.079> still<02:06:08.360> people<02:06:08.599> who<02:06:08.760> are<02:06:08.960> either align:start position:0% there are still people who are either align:start position:0% there are still people who are either stating<02:06:09.639> or<02:06:10.320> implying<02:06:11.320> or<02:06:11.920> suggesting<02:06:12.920> um align:start position:0% stating or implying or suggesting um align:start position:0% stating or implying or suggesting um that<02:06:13.360> you're<02:06:13.520> going<02:06:13.599> to<02:06:13.719> have<02:06:13.840> to<02:06:13.960> get align:start position:0% that you're going to have to get align:start position:0% that you're going to have to get permission<02:06:14.760> from<02:06:14.920> the<02:06:15.079> government<02:06:15.599> in<02:06:15.679> order align:start position:0% permission from the government in order align:start position:0% permission from the government in order to<02:06:16.040> train<02:06:16.440> or<02:06:16.679> release<02:06:17.079> a<02:06:17.239> large<02:06:17.559> model<02:06:18.559> um align:start position:0% to train or release a large model um align:start position:0% to train or release a large model um there<02:06:19.559> um<02:06:19.880> have<02:06:20.040> been<02:06:20.760> uh<02:06:20.960> statements<02:06:21.719> that<02:06:22.159> uh align:start position:0% there um have been uh statements that uh align:start position:0% there um have been uh statements that uh model<02:06:22.800> developers<02:06:23.239> are<02:06:23.400> going<02:06:23.599> to<02:06:23.760> go<02:06:23.880> to align:start position:0% model developers are going to go to align:start position:0% model developers are going to go to prison<02:06:25.280> um<02:06:25.960> if<02:06:26.119> their<02:06:26.480> if<02:06:26.559> their<02:06:26.760> model<02:06:27.199> causes align:start position:0% prison um if their if their model causes align:start position:0% prison um if their if their model causes some<02:06:27.800> sort<02:06:28.000> of<02:06:28.159> harm<02:06:28.559> which<02:06:28.719> is<02:06:29.280> false<02:06:30.280> it<02:06:30.400> is align:start position:0% some sort of harm which is false it is align:start position:0% some sort of harm which is false it is absolutely<02:06:31.119> false<02:06:31.559> the<02:06:31.679> only<02:06:32.280> way<02:06:32.480> that<02:06:32.639> this align:start position:0% absolutely false the only way that this align:start position:0% absolutely false the only way that this bill<02:06:33.079> interacts<02:06:33.520> with<02:06:33.639> the<02:06:33.760> criminal<02:06:34.119> law<02:06:34.480> is align:start position:0% bill interacts with the criminal law is align:start position:0% bill interacts with the criminal law is if<02:06:34.719> you<02:06:34.920> commit<02:06:35.719> perjury<02:06:36.520> meaning<02:06:36.880> that<02:06:36.960> you align:start position:0% if you commit perjury meaning that you align:start position:0% if you commit perjury meaning that you intentionally<02:06:38.079> lie<02:06:38.599> to<02:06:38.840> the<02:06:39.000> government<02:06:39.520> just align:start position:0% intentionally lie to the government just align:start position:0% intentionally lie to the government just like<02:06:39.840> if<02:06:39.920> you<02:06:40.079> lie<02:06:40.320> on<02:06:40.440> a<02:06:40.559> driver's<02:06:41.000> license align:start position:0% like if you lie on a driver's license align:start position:0% like if you lie on a driver's license application<02:06:42.360> or<02:06:42.520> a<02:06:42.679> public<02:06:42.920> benefits align:start position:0% application or a public benefits align:start position:0% application or a public benefits application<02:06:43.880> or<02:06:44.000> on<02:06:44.159> your<02:06:44.360> taxes<02:06:45.119> that's<02:06:45.280> a align:start position:0% application or on your taxes that's a align:start position:0% application or on your taxes that's a crime<02:06:45.719> you're<02:06:45.840> not<02:06:46.040> allowed<02:06:46.480> to<02:06:46.840> like<02:06:47.239> you align:start position:0% crime you're not allowed to like you align:start position:0% crime you're not allowed to like you know<02:06:47.559> with<02:06:47.800> knowledge<02:06:48.800> intentionally<02:06:49.800> lie<02:06:50.040> to align:start position:0% know with knowledge intentionally lie to align:start position:0% know with knowledge intentionally lie to the<02:06:50.320> government<02:06:51.239> um<02:06:51.840> and<02:06:52.000> and<02:06:52.199> yet<02:06:52.559> so<02:06:53.280> you align:start position:0% the government um and and yet so you align:start position:0% the government um and and yet so you know<02:06:53.599> there<02:06:53.840> there<02:06:53.920> were<02:06:54.239> statements<02:06:54.840> about align:start position:0% know there there were statements about align:start position:0% know there there were statements about developers<02:06:56.400> going<02:06:56.599> to<02:06:56.800> prison<02:06:57.280> because<02:06:57.599> their align:start position:0% developers going to prison because their align:start position:0% developers going to prison because their model<02:06:58.480> somehow<02:06:58.840> contributed<02:06:59.360> some<02:06:59.559> sort<02:06:59.719> of align:start position:0% model somehow contributed some sort of align:start position:0% model somehow contributed some sort of harm<02:07:00.159> that's<02:07:00.320> not<02:07:00.520> true<02:07:01.320> um<02:07:01.719> I<02:07:01.800> think<02:07:01.960> that align:start position:0% harm that's not true um I think that align:start position:0% harm that's not true um I think that there<02:07:02.239> have<02:07:02.400> been<02:07:03.079> significant align:start position:0% there have been significant align:start position:0% there have been significant exaggerations<02:07:04.719> about<02:07:05.199> the<02:07:05.760> scale<02:07:06.199> of<02:07:06.320> the<02:07:06.559> LI align:start position:0% exaggerations about the scale of the LI align:start position:0% exaggerations about the scale of the LI potential<02:07:07.719> liability<02:07:08.719> uh<02:07:08.840> in<02:07:09.000> this<02:07:09.199> law<02:07:09.840> for align:start position:0% potential liability uh in this law for align:start position:0% potential liability uh in this law for for<02:07:10.440> model<02:07:10.800> developers<02:07:11.440> and<02:07:11.599> first<02:07:11.800> of<02:07:11.880> all<02:07:12.599> it align:start position:0% for model developers and first of all it align:start position:0% for model developers and first of all it only<02:07:13.079> applies<02:07:13.639> to<02:07:14.239> you<02:07:14.360> have<02:07:14.480> to<02:07:14.599> spend<02:07:14.920> at align:start position:0% only applies to you have to spend at align:start position:0% only applies to you have to spend at least<02:07:15.320> 100<02:07:15.639> million<02:07:16.639> which<02:07:16.760> is<02:07:17.119> tied<02:07:17.360> to align:start position:0% least 100 million which is tied to align:start position:0% least 100 million which is tied to inflation<02:07:18.440> on<02:07:18.599> the<02:07:18.760> training<02:07:19.679> uh<02:07:19.800> we're align:start position:0% inflation on the training uh we're align:start position:0% inflation on the training uh we're talking<02:07:20.199> about<02:07:20.440> the<02:07:20.639> you<02:07:20.760> know<02:07:21.760> large<02:07:22.119> Labs<02:07:23.040> um align:start position:0% talking about the you know large Labs um align:start position:0% talking about the you know large Labs um but<02:07:23.360> in<02:07:23.480> terms<02:07:23.719> of<02:07:24.239> liability<02:07:25.239> um<02:07:25.719> there<02:07:25.800> are align:start position:0% but in terms of liability um there are align:start position:0% but in terms of liability um there are two<02:07:26.679> ways<02:07:27.000> where<02:07:27.159> I<02:07:27.280> think<02:07:27.440> it's<02:07:27.599> been align:start position:0% two ways where I think it's been align:start position:0% two ways where I think it's been inaccurate<02:07:28.520> The<02:07:28.679> Narrative<02:07:29.119> about<02:07:29.360> liability align:start position:0% inaccurate The Narrative about liability align:start position:0% inaccurate The Narrative about liability um<02:07:30.559> first<02:07:30.800> of<02:07:30.960> all<02:07:31.719> um<02:07:31.840> and<02:07:31.960> I<02:07:32.040> will<02:07:32.239> say<02:07:32.520> this align:start position:0% um first of all um and I will say this align:start position:0% um first of all um and I will say this until<02:07:33.000> I'm<02:07:33.079> blue<02:07:33.320> in<02:07:33.440> the<02:07:33.639> face<02:07:34.000> even<02:07:34.239> if<02:07:34.520> some align:start position:0% until I'm blue in the face even if some align:start position:0% until I'm blue in the face even if some people<02:07:35.119> are<02:07:35.320> not<02:07:36.079> always<02:07:36.400> hearing<02:07:36.719> me<02:07:37.520> um align:start position:0% people are not always hearing me um align:start position:0% people are not always hearing me um model<02:07:38.920> developers<02:07:39.520> can<02:07:39.679> be<02:07:39.800> sued align:start position:0% model developers can be sued align:start position:0% model developers can be sued today<02:07:42.280> if<02:07:42.400> your<02:07:42.679> model<02:07:43.079> if<02:07:43.199> you<02:07:43.440> release<02:07:43.760> a align:start position:0% today if your model if you release a align:start position:0% today if your model if you release a model<02:07:44.320> whether<02:07:44.559> it's<02:07:45.199> llama<02:07:46.199> or<02:07:46.480> whether<02:07:46.719> it align:start position:0% model whether it's llama or whether it align:start position:0% model whether it's llama or whether it is<02:07:47.320> a<02:07:47.599> much<02:07:47.880> smaller<02:07:48.360> model<02:07:48.679> that<02:07:48.800> wouldn't<02:07:49.040> be align:start position:0% is a much smaller model that wouldn't be align:start position:0% is a much smaller model that wouldn't be covered<02:07:49.520> by<02:07:49.719> SP<02:07:50.000> 1047<02:07:50.599> if<02:07:50.679> you<02:07:50.800> release<02:07:51.119> a align:start position:0% covered by SP 1047 if you release a align:start position:0% covered by SP 1047 if you release a model<02:07:51.520> model<02:07:52.239> someone<02:07:52.760> uses<02:07:53.239> that<02:07:53.520> model<02:07:54.520> in<02:07:54.639> a align:start position:0% model model someone uses that model in a align:start position:0% model model someone uses that model in a way<02:07:55.760> that<02:07:56.480> you<02:07:56.599> know<02:07:57.040> burns<02:07:57.440> down<02:07:57.599> someone's align:start position:0% way that you know burns down someone's align:start position:0% way that you know burns down someone's house<02:07:58.320> or<02:07:58.440> shuts<02:07:58.760> down<02:07:58.880> the<02:07:59.000> Grid<02:07:59.199> or<02:07:59.320> this align:start position:0% house or shuts down the Grid or this align:start position:0% house or shuts down the Grid or this something<02:08:00.639> that<02:08:00.800> is<02:08:01.280> that<02:08:01.480> causes<02:08:02.199> harm<02:08:03.199> you align:start position:0% something that is that causes harm you align:start position:0% something that is that causes harm you as<02:08:03.639> a<02:08:03.800> developer<02:08:04.239> can<02:08:04.400> be<02:08:04.520> sued<02:08:04.960> today<02:08:05.320> not align:start position:0% as a developer can be sued today not align:start position:0% as a developer can be sued today not just<02:08:05.639> in<02:08:05.840> California<02:08:06.400> but<02:08:06.599> probably<02:08:07.000> in<02:08:07.159> all align:start position:0% just in California but probably in all align:start position:0% just in California but probably in all 50<02:08:07.760> states<02:08:08.040> under<02:08:08.320> just<02:08:08.639> general<02:08:09.280> tort<02:08:09.719> law align:start position:0% 50 states under just general tort law align:start position:0% 50 states under just general tort law now<02:08:10.760> with<02:08:10.960> AI<02:08:11.320> models<02:08:12.079> that's<02:08:12.400> that'll<02:08:12.679> get align:start position:0% now with AI models that's that'll get align:start position:0% now with AI models that's that'll get litigated<02:08:13.719> in<02:08:13.840> the<02:08:14.000> courts<02:08:14.599> and<02:08:14.760> the<02:08:15.000> and<02:08:15.079> it's align:start position:0% litigated in the courts and the and it's align:start position:0% litigated in the courts and the and it's going<02:08:15.320> to<02:08:15.400> be<02:08:15.679> it's<02:08:15.760> a<02:08:16.000> new<02:08:16.679> developing<02:08:17.239> area align:start position:0% going to be it's a new developing area align:start position:0% going to be it's a new developing area of<02:08:17.679> the<02:08:17.840> law<02:08:18.320> and<02:08:18.480> the<02:08:18.639> courts<02:08:19.000> will<02:08:19.520> set align:start position:0% of the law and the courts will set align:start position:0% of the law and the courts will set parameters<02:08:21.040> um<02:08:21.159> in<02:08:21.520> terms<02:08:21.719> of<02:08:22.159> under<02:08:22.480> what align:start position:0% parameters um in terms of under what align:start position:0% parameters um in terms of under what circumstances<02:08:24.280> an<02:08:24.480> AI<02:08:25.199> uh<02:08:25.320> developer<02:08:25.840> can<02:08:26.040> be align:start position:0% circumstances an AI uh developer can be align:start position:0% circumstances an AI uh developer can be a<02:08:26.840> model<02:08:27.119> developer<02:08:27.559> can<02:08:27.760> be<02:08:28.199> um<02:08:28.480> held<02:08:28.960> liable align:start position:0% a model developer can be um held liable align:start position:0% a model developer can be um held liable uh<02:08:30.280> but<02:08:30.719> but<02:08:30.880> in<02:08:31.000> terms<02:08:31.199> of<02:08:31.320> the<02:08:31.480> risk<02:08:31.679> of align:start position:0% uh but but in terms of the risk of align:start position:0% uh but but in terms of the risk of litigation<02:08:32.400> that<02:08:32.599> exists<02:08:32.960> today<02:08:33.320> and<02:08:33.440> it<02:08:33.520> is align:start position:0% litigation that exists today and it is align:start position:0% litigation that exists today and it is dramatically<02:08:34.639> broader<02:08:35.159> risk<02:08:35.800> than<02:08:35.960> what's<02:08:36.159> in align:start position:0% dramatically broader risk than what's in align:start position:0% dramatically broader risk than what's in our<02:08:36.440> bill<02:08:36.760> because<02:08:36.920> what's<02:08:37.079> in<02:08:37.199> our<02:08:37.360> bill<02:08:38.040> only align:start position:0% our bill because what's in our bill only align:start position:0% our bill because what's in our bill only one<02:08:38.679> human<02:08:39.320> being<02:08:40.320> uh<02:08:40.480> no<02:08:40.760> AIS<02:08:41.280> and<02:08:41.400> only<02:08:41.639> one align:start position:0% one human being uh no AIS and only one align:start position:0% one human being uh no AIS and only one human<02:08:42.159> being<02:08:42.920> can<02:08:43.360> file<02:08:43.800> lawsuit<02:08:44.280> and<02:08:44.400> that's align:start position:0% human being can file lawsuit and that's align:start position:0% human being can file lawsuit and that's the<02:08:44.679> Attorney<02:08:45.040> General<02:08:45.360> of<02:08:45.800> California align:start position:0% the Attorney General of California align:start position:0% the Attorney General of California there's<02:08:47.079> no<02:08:47.400> private<02:08:47.760> right<02:08:47.920> of<02:08:48.119> action<02:08:48.520> for align:start position:0% there's no private right of action for align:start position:0% there's no private right of action for you<02:08:49.040> know<02:08:49.199> a<02:08:49.280> lawyer<02:08:49.599> to<02:08:49.760> run<02:08:49.960> into<02:08:50.239> court<02:08:50.760> to align:start position:0% you know a lawyer to run into court to align:start position:0% you know a lawyer to run into court to file<02:08:51.079> a<02:08:51.199> lawsuit<02:08:51.440> to<02:08:51.599> only<02:08:51.920> the<02:08:52.040> attorney align:start position:0% file a lawsuit to only the attorney align:start position:0% file a lawsuit to only the attorney general<02:08:53.119> and<02:08:53.280> only<02:08:53.559> in<02:08:53.840> extremely<02:08:54.520> limited align:start position:0% general and only in extremely limited align:start position:0% general and only in extremely limited circumstances<02:08:56.119> and<02:08:56.199> so<02:08:56.400> that's<02:08:56.599> been<02:08:56.840> another align:start position:0% circumstances and so that's been another align:start position:0% circumstances and so that's been another area<02:08:58.239> where<02:08:58.480> I<02:08:58.559> think<02:08:58.800> that<02:08:59.079> the<02:08:59.480> the<02:08:59.639> risk<02:08:59.880> of align:start position:0% area where I think that the the risk of align:start position:0% area where I think that the the risk of litigation<02:09:01.159> has<02:09:01.320> been<02:09:02.239> significantly align:start position:0% litigation has been significantly align:start position:0% litigation has been significantly exaggerated<02:09:03.719> under<02:09:04.000> this<02:09:04.159> bill<02:09:04.800> while align:start position:0% exaggerated under this bill while align:start position:0% exaggerated under this bill while ignoring<02:09:06.320> the<02:09:06.559> current<02:09:07.440> tort<02:09:07.800> law<02:09:08.440> liability align:start position:0% ignoring the current tort law liability align:start position:0% ignoring the current tort law liability uh<02:09:09.559> that<02:09:09.679> is<02:09:09.800> a<02:09:10.000> risk<02:09:10.320> litigation<02:09:11.040> risk<02:09:11.440> for align:start position:0% uh that is a risk litigation risk for align:start position:0% uh that is a risk litigation risk for all<02:09:12.000> AI<02:09:12.840> model<02:09:13.159> developers<02:09:14.159> today<02:09:15.159> I<02:09:15.239> think align:start position:0% all AI model developers today I think align:start position:0% all AI model developers today I think the<02:09:15.679> most<02:09:16.000> common<02:09:16.360> and<02:09:16.480> we're<02:09:16.599> going<02:09:16.679> to<02:09:16.920> leave align:start position:0% the most common and we're going to leave align:start position:0% the most common and we're going to leave some<02:09:17.320> time<02:09:17.480> for<02:09:17.679> questions<02:09:18.040> shortly<02:09:18.480> the<02:09:18.639> most align:start position:0% some time for questions shortly the most align:start position:0% some time for questions shortly the most common<02:09:19.599> concern<02:09:20.119> I<02:09:20.280> hear<02:09:20.760> from<02:09:21.520> startup align:start position:0% common concern I hear from startup align:start position:0% common concern I hear from startup Founders<02:09:22.480> and<02:09:22.679> developers<02:09:23.239> is<02:09:23.360> that<02:09:23.520> this align:start position:0% Founders and developers is that this align:start position:0% Founders and developers is that this could<02:09:23.800> have<02:09:23.920> a<02:09:24.040> chilling<02:09:24.520> effect<02:09:24.840> on<02:09:25.079> open align:start position:0% could have a chilling effect on open align:start position:0% could have a chilling effect on open source<02:09:25.960> that<02:09:26.599> um<02:09:26.880> that<02:09:27.079> requirement<02:09:27.559> that<02:09:27.679> you align:start position:0% source that um that requirement that you align:start position:0% source that um that requirement that you mentioned<02:09:28.360> that's<02:09:28.559> not<02:09:28.760> far<02:09:28.960> away<02:09:29.199> from align:start position:0% mentioned that's not far away from align:start position:0% mentioned that's not far away from something<02:09:29.840> like<02:09:30.000> a<02:09:30.199> llama<02:09:30.520> 4<02:09:30.960> might<02:09:31.320> be<02:09:31.800> right align:start position:0% something like a llama 4 might be right align:start position:0% something like a llama 4 might be right meta's<02:09:32.480> open<02:09:32.719> source<02:09:32.960> model<02:09:33.239> and<02:09:33.400> that<02:09:33.520> many align:start position:0% meta's open source model and that many align:start position:0% meta's open source model and that many developers<02:09:34.239> rely<02:09:34.679> on<02:09:35.559> um<02:09:35.719> these<02:09:35.920> bigger<02:09:36.480> more align:start position:0% developers rely on um these bigger more align:start position:0% developers rely on um these bigger more well-funded<02:09:37.079> companies<02:09:37.480> to<02:09:37.639> release<02:09:38.119> open align:start position:0% well-funded companies to release open align:start position:0% well-funded companies to release open source<02:09:38.639> models<02:09:38.920> so<02:09:39.040> if<02:09:39.159> they're<02:09:39.719> discouraged align:start position:0% source models so if they're discouraged align:start position:0% source models so if they're discouraged um<02:09:40.760> to<02:09:40.880> release<02:09:41.199> those<02:09:41.360> models<02:09:41.599> in<02:09:41.679> the<02:09:41.760> future align:start position:0% um to release those models in the future align:start position:0% um to release those models in the future that<02:09:42.239> would<02:09:42.520> that<02:09:42.639> would<02:09:42.800> affect<02:09:43.079> startups align:start position:0% that would that would affect startups align:start position:0% that would that would affect startups what<02:09:43.719> do<02:09:43.840> you<02:09:43.960> say<02:09:44.079> to<02:09:44.280> that<02:09:44.520> criticism<02:09:45.199> yeah align:start position:0% what do you say to that criticism yeah align:start position:0% what do you say to that criticism yeah I'm<02:09:45.639> very<02:09:45.880> sensitive<02:09:46.520> to<02:09:46.760> that<02:09:47.040> I<02:09:47.400> I<02:09:47.440> want<02:09:47.559> to align:start position:0% I'm very sensitive to that I I want to align:start position:0% I'm very sensitive to that I I want to be<02:09:47.880> just<02:09:48.079> I'll<02:09:48.239> say<02:09:48.520> I've<02:09:48.639> said<02:09:48.760> it<02:09:48.920> before align:start position:0% be just I'll say I've said it before align:start position:0% be just I'll say I've said it before I'll<02:09:49.280> say<02:09:49.400> it<02:09:49.520> again<02:09:49.960> I<02:09:50.040> support<02:09:50.400> open<02:09:50.719> source align:start position:0% I'll say it again I support open source align:start position:0% I'll say it again I support open source I<02:09:51.360> I<02:09:51.440> think<02:09:51.639> open<02:09:51.920> source<02:09:52.159> brings<02:09:52.760> so<02:09:53.079> many<02:09:53.800> uh align:start position:0% I I think open source brings so many uh align:start position:0% I I think open source brings so many uh benefits<02:09:54.920> uh<02:09:55.000> to<02:09:55.159> The<02:09:55.400> Innovation<02:09:56.400> uh align:start position:0% benefits uh to The Innovation uh align:start position:0% benefits uh to The Innovation uh ecosystem<02:09:57.480> and<02:09:57.760> I'm<02:09:57.920> not<02:09:58.320> her<02:09:58.520> goal<02:09:58.760> here<02:09:58.880> is align:start position:0% ecosystem and I'm not her goal here is align:start position:0% ecosystem and I'm not her goal here is not<02:09:59.440> to<02:09:59.599> shut<02:09:59.880> down<02:10:00.679> uh<02:10:00.800> open<02:10:01.159> source<02:10:02.119> um<02:10:02.559> we align:start position:0% not to shut down uh open source um we align:start position:0% not to shut down uh open source um we have<02:10:03.239> some<02:10:03.520> Provisions<02:10:04.040> in<02:10:04.199> the<02:10:04.320> bill<02:10:04.599> and align:start position:0% have some Provisions in the bill and align:start position:0% have some Provisions in the bill and we've<02:10:04.960> made<02:10:05.320> amendments<02:10:05.960> based<02:10:06.199> on<02:10:06.360> open align:start position:0% we've made amendments based on open align:start position:0% we've made amendments based on open source<02:10:07.480> Community<02:10:08.159> feedback<02:10:09.119> uh<02:10:09.239> for<02:10:09.400> example align:start position:0% source Community feedback uh for example align:start position:0% source Community feedback uh for example we<02:10:09.960> clarified<02:10:10.599> very<02:10:10.880> explicitly<02:10:11.679> that<02:10:12.000> if<02:10:12.400> if align:start position:0% we clarified very explicitly that if if align:start position:0% we clarified very explicitly that if if the<02:10:12.920> model<02:10:13.360> is<02:10:13.599> no<02:10:13.840> longer<02:10:14.199> in<02:10:14.360> your align:start position:0% the model is no longer in your align:start position:0% the model is no longer in your possession<02:10:15.559> you<02:10:15.760> are<02:10:16.000> not<02:10:16.320> responsible<02:10:16.920> for align:start position:0% possession you are not responsible for align:start position:0% possession you are not responsible for ensuring<02:10:17.559> that<02:10:17.679> it<02:10:17.800> can<02:10:17.960> be<02:10:18.079> shut<02:10:18.400> down<02:10:18.760> that align:start position:0% ensuring that it can be shut down that align:start position:0% ensuring that it can be shut down that was<02:10:19.400> a<02:10:19.639> really<02:10:19.960> significant<02:10:20.480> concern<02:10:20.880> that<02:10:21.000> a align:start position:0% was a really significant concern that a align:start position:0% was a really significant concern that a lot<02:10:21.199> of<02:10:21.400> of<02:10:21.520> Open<02:10:21.760> Source<02:10:22.079> folks<02:10:22.280> were align:start position:0% lot of of Open Source folks were align:start position:0% lot of of Open Source folks were expressing<02:10:23.079> to<02:10:23.280> us<02:10:23.719> that<02:10:23.880> once<02:10:24.040> I<02:10:24.199> open<02:10:24.440> source align:start position:0% expressing to us that once I open source align:start position:0% expressing to us that once I open source the<02:10:24.840> model<02:10:25.159> how<02:10:25.320> am<02:10:25.480> I<02:10:25.880> responsible<02:10:26.760> to<02:10:26.920> be align:start position:0% the model how am I responsible to be align:start position:0% the model how am I responsible to be able<02:10:27.199> to<02:10:27.320> shut<02:10:27.520> it<02:10:27.719> down<02:10:28.360> that<02:10:28.480> was<02:10:28.639> never<02:10:28.840> Our align:start position:0% able to shut it down that was never Our align:start position:0% able to shut it down that was never Our intention<02:10:30.159> uh<02:10:30.320> but<02:10:30.520> we<02:10:31.079> realized<02:10:31.520> that<02:10:31.639> we align:start position:0% intention uh but we realized that we align:start position:0% intention uh but we realized that we could<02:10:31.920> say<02:10:32.199> that<02:10:32.320> more<02:10:32.520> clearly<02:10:32.920> in<02:10:33.040> the<02:10:33.159> bill align:start position:0% could say that more clearly in the bill align:start position:0% could say that more clearly in the bill and<02:10:33.679> so<02:10:33.840> we<02:10:34.000> did<02:10:34.239> that<02:10:34.719> we<02:10:34.920> also<02:10:35.520> were<02:10:36.440> much align:start position:0% and so we did that we also were much align:start position:0% and so we did that we also were much clearer<02:10:37.440> about<02:10:37.880> what<02:10:38.400> counts<02:10:38.800> as<02:10:38.920> a align:start position:0% clearer about what counts as a align:start position:0% clearer about what counts as a derivative<02:10:40.400> um<02:10:40.679> model<02:10:41.400> and<02:10:41.520> so<02:10:41.760> if<02:10:41.880> a<02:10:42.040> model<02:10:42.360> is align:start position:0% derivative um model and so if a model is align:start position:0% derivative um model and so if a model is changed<02:10:43.440> Beyond<02:10:43.760> a<02:10:43.920> certain<02:10:44.280> point<02:10:44.679> it's<02:10:44.840> no align:start position:0% changed Beyond a certain point it's no align:start position:0% changed Beyond a certain point it's no longer<02:10:45.800> the<02:10:46.079> responsibility<02:10:47.079> of<02:10:47.239> the align:start position:0% longer the responsibility of the align:start position:0% longer the responsibility of the original<02:10:48.320> um<02:10:49.000> uh<02:10:49.440> developer<02:10:50.440> um<02:10:50.760> and<02:10:50.920> so align:start position:0% original um uh developer um and so align:start position:0% original um uh developer um and so uh<02:10:51.840> you<02:10:51.960> know<02:10:52.280> we've<02:10:52.520> tried<02:10:53.320> um<02:10:53.639> you<02:10:53.719> know<02:10:54.239> in<02:10:54.440> I align:start position:0% uh you know we've tried um you know in I align:start position:0% uh you know we've tried um you know in I think<02:10:54.679> in<02:10:54.880> good<02:10:55.119> faith<02:10:55.840> uh<02:10:55.960> to<02:10:56.079> try<02:10:56.239> to<02:10:56.440> address align:start position:0% think in good faith uh to try to address align:start position:0% think in good faith uh to try to address the<02:10:57.199> concerns<02:10:58.199> uh<02:10:58.320> of<02:10:58.480> folks<02:10:59.040> in<02:10:59.159> the<02:10:59.320> open align:start position:0% the concerns uh of folks in the open align:start position:0% the concerns uh of folks in the open source<02:11:00.520> uh<02:11:00.800> space<02:11:01.800> uh<02:11:02.000> and<02:11:02.440> I<02:11:02.719> you<02:11:02.840> know<02:11:03.119> I<02:11:03.320> I<02:11:03.559> I align:start position:0% source uh space uh and I you know I I I align:start position:0% source uh space uh and I you know I I I I<02:11:04.000> don't<02:11:04.280> think<02:11:04.480> that<02:11:04.840> this<02:11:04.960> is<02:11:05.079> going<02:11:05.159> to<02:11:05.280> shut align:start position:0% I don't think that this is going to shut align:start position:0% I don't think that this is going to shut down<02:11:06.440> open<02:11:06.719> source<02:11:07.000> Innovation<02:11:08.000> for<02:11:08.239> and<02:11:08.400> also align:start position:0% down open source Innovation for and also align:start position:0% down open source Innovation for and also for<02:11:08.719> some<02:11:08.840> of<02:11:08.960> the<02:11:09.040> reasons<02:11:09.400> that<02:11:09.599> I<02:11:10.040> said<02:11:10.520> you align:start position:0% for some of the reasons that I said you align:start position:0% for some of the reasons that I said you know<02:11:10.880> before<02:11:11.639> and<02:11:11.920> and<02:11:12.040> also<02:11:12.239> to<02:11:12.400> be<02:11:12.599> really align:start position:0% know before and and also to be really align:start position:0% know before and and also to be really clear<02:11:14.000> all<02:11:14.199> of<02:11:14.320> the<02:11:14.480> large<02:11:15.079> Labs<02:11:16.480> including align:start position:0% clear all of the large Labs including align:start position:0% clear all of the large Labs including meta<02:11:19.880> have<02:11:20.400> committed<02:11:20.880> to<02:11:21.040> do<02:11:21.320> doing<02:11:21.880> safety align:start position:0% meta have committed to do doing safety align:start position:0% meta have committed to do doing safety testing<02:11:23.199> you<02:11:23.320> can<02:11:23.520> read<02:11:23.719> out<02:11:24.119> it's<02:11:24.280> all<02:11:24.440> in align:start position:0% testing you can read out it's all in align:start position:0% testing you can read out it's all in writing<02:11:25.000> what<02:11:25.159> they<02:11:25.280> said<02:11:25.559> they<02:11:25.719> what<02:11:25.840> they align:start position:0% writing what they said they what they align:start position:0% writing what they said they what they committed<02:11:26.280> to<02:11:26.440> in<02:11:26.559> Soul<02:11:27.000> South<02:11:27.280> Korea<02:11:28.040> two align:start position:0% committed to in Soul South Korea two align:start position:0% committed to in Soul South Korea two months<02:11:28.760> ago<02:11:29.760> um<02:11:30.159> where<02:11:30.960> in<02:11:31.119> addition<02:11:31.400> to<02:11:31.520> the align:start position:0% months ago um where in addition to the align:start position:0% months ago um where in addition to the White<02:11:31.920> House<02:11:32.119> where<02:11:32.320> they<02:11:32.520> committed<02:11:32.920> to align:start position:0% White House where they committed to align:start position:0% White House where they committed to doing<02:11:33.320> the<02:11:33.440> safety<02:11:33.880> testing<02:11:34.880> they<02:11:35.079> committed align:start position:0% doing the safety testing they committed align:start position:0% doing the safety testing they committed that<02:11:36.000> they<02:11:36.119> would<02:11:36.320> not<02:11:36.480> release<02:11:36.920> models<02:11:37.920> if align:start position:0% that they would not release models if align:start position:0% that they would not release models if there<02:11:38.239> was<02:11:38.400> going<02:11:38.480> to<02:11:38.599> be<02:11:38.760> some<02:11:39.000> huge<02:11:39.280> harm align:start position:0% there was going to be some huge harm align:start position:0% there was going to be some huge harm that<02:11:39.880> they<02:11:40.280> you<02:11:40.400> know<02:11:41.040> that<02:11:41.280> that<02:11:41.440> that<02:11:41.639> was align:start position:0% that they you know that that that was align:start position:0% that they you know that that that was not<02:11:42.199> able<02:11:42.400> to<02:11:42.599> be<02:11:43.119> mitigated<02:11:43.840> it's<02:11:44.000> all<02:11:44.239> in<02:11:44.440> W align:start position:0% not able to be mitigated it's all in W align:start position:0% not able to be mitigated it's all in W and<02:11:44.719> they've<02:11:44.920> committed<02:11:45.320> to<02:11:45.480> do<02:11:45.719> this align:start position:0% and they've committed to do this align:start position:0% and they've committed to do this including align:start position:0% including align:start position:0% including meta<02:11:48.480> and<02:11:48.719> so<02:11:49.480> that<02:11:49.840> that's<02:11:50.239> that's<02:11:50.520> why<02:11:51.280> to<02:11:51.440> me align:start position:0% meta and so that that's that's why to me align:start position:0% meta and so that that's that's why to me uh<02:11:52.280> if<02:11:52.360> they're<02:11:52.559> already<02:11:53.280> we're<02:11:53.840> our<02:11:54.040> goal<02:11:54.320> is align:start position:0% uh if they're already we're our goal is align:start position:0% uh if they're already we're our goal is to<02:11:55.000> is<02:11:55.119> to<02:11:55.360> require<02:11:55.760> them<02:11:55.880> to<02:11:56.040> do<02:11:56.280> what<02:11:56.440> they align:start position:0% to is to require them to do what they align:start position:0% to is to require them to do what they have<02:11:56.840> said<02:11:57.079> they're<02:11:57.320> going<02:11:57.559> to<02:11:57.960> do<02:11:58.960> um<02:11:59.199> I<02:11:59.400> also align:start position:0% have said they're going to do um I also align:start position:0% have said they're going to do um I also said<02:12:00.719> uh<02:12:01.119> that<02:12:01.400> if<02:12:01.760> if<02:12:01.920> what<02:12:02.040> we're<02:12:02.280> requiring align:start position:0% said uh that if if what we're requiring align:start position:0% said uh that if if what we're requiring is<02:12:02.920> a<02:12:03.119> mismatch<02:12:04.079> doesn't<02:12:04.480> exactly<02:12:04.960> pair<02:12:05.239> up align:start position:0% is a mismatch doesn't exactly pair up align:start position:0% is a mismatch doesn't exactly pair up with<02:12:05.960> the<02:12:06.079> public<02:12:06.360> commitments<02:12:06.760> made<02:12:07.199> just align:start position:0% with the public commitments made just align:start position:0% with the public commitments made just tell<02:12:07.679> us<02:12:08.079> how<02:12:08.280> you<02:12:08.520> think<02:12:08.719> it's<02:12:08.960> different align:start position:0% tell us how you think it's different align:start position:0% tell us how you think it's different we're<02:12:09.760> happy<02:12:10.000> to<02:12:10.440> listen<02:12:10.760> to<02:12:11.000> that<02:12:11.719> so<02:12:11.960> the align:start position:0% we're happy to listen to that so the align:start position:0% we're happy to listen to that so the bill<02:12:12.599> is<02:12:12.840> still<02:12:13.360> open<02:12:13.599> to<02:12:13.800> amendments<02:12:14.320> is<02:12:14.480> my align:start position:0% bill is still open to amendments is my align:start position:0% bill is still open to amendments is my understanding<02:12:15.400> and<02:12:15.639> actually<02:12:16.000> just<02:12:16.199> today<02:12:17.079> um align:start position:0% understanding and actually just today um align:start position:0% understanding and actually just today um the<02:12:17.800> first<02:12:18.079> kind<02:12:18.199> of<02:12:18.360> major<02:12:18.719> AI<02:12:19.079> lab<02:12:19.400> that<02:12:19.559> I've align:start position:0% the first kind of major AI lab that I've align:start position:0% the first kind of major AI lab that I've seen<02:12:20.520> came<02:12:20.679> out<02:12:20.840> to<02:12:21.239> support<02:12:21.599> the<02:12:21.760> bill<02:12:22.599> with align:start position:0% seen came out to support the bill with align:start position:0% seen came out to support the bill with the<02:12:23.760> caveat<02:12:24.320> that<02:12:24.440> they<02:12:24.559> want<02:12:24.800> some<02:12:25.040> changes align:start position:0% the caveat that they want some changes align:start position:0% the caveat that they want some changes right<02:12:25.719> and<02:12:25.880> that's<02:12:26.119> anthropic<02:12:27.079> so<02:12:27.639> do<02:12:27.760> you align:start position:0% right and that's anthropic so do you align:start position:0% right and that's anthropic so do you want<02:12:27.960> to<02:12:28.199> talk<02:12:28.360> a<02:12:28.440> little<02:12:28.599> bit<02:12:28.760> about<02:12:28.920> that<02:12:29.040> and align:start position:0% want to talk a little bit about that and align:start position:0% want to talk a little bit about that and are<02:12:29.360> you<02:12:29.520> open<02:12:29.760> to<02:12:29.960> making<02:12:30.320> the<02:12:30.440> changes<02:12:30.719> that align:start position:0% are you open to making the changes that align:start position:0% are you open to making the changes that anthropic<02:12:31.320> has<02:12:31.440> asked<02:12:31.639> for<02:12:32.079> yeah<02:12:32.199> so align:start position:0% anthropic has asked for yeah so align:start position:0% anthropic has asked for yeah so anthropic<02:12:33.000> last<02:12:33.239> night<02:12:33.440> sent<02:12:33.719> in<02:12:33.880> a<02:12:34.040> letter align:start position:0% anthropic last night sent in a letter align:start position:0% anthropic last night sent in a letter saying<02:12:35.159> it<02:12:35.280> was<02:12:35.599> talking<02:12:36.280> uh<02:12:36.440> as<02:12:36.719> the<02:12:37.480> uh<02:12:37.679> as align:start position:0% saying it was talking uh as the uh as align:start position:0% saying it was talking uh as the uh as eff<02:12:38.679> told<02:12:38.880> us<02:12:39.079> before<02:12:39.840> they<02:12:39.960> checked<02:12:40.320> the<02:12:40.719> the align:start position:0% eff told us before they checked the the align:start position:0% eff told us before they checked the the box<02:12:41.119> of<02:12:41.320> support<02:12:41.719> if<02:12:41.920> amended<02:12:42.599> meaning<02:12:42.960> we align:start position:0% box of support if amended meaning we align:start position:0% box of support if amended meaning we will<02:12:43.320> support<02:12:43.679> it<02:12:44.079> if<02:12:44.199> you<02:12:44.320> make<02:12:44.559> the align:start position:0% will support it if you make the align:start position:0% will support it if you make the following<02:12:45.079> amendments<02:12:45.520> and<02:12:45.599> there<02:12:45.679> were align:start position:0% following amendments and there were align:start position:0% following amendments and there were about<02:12:46.320> three<02:12:46.639> pages<02:12:47.320> of<02:12:47.559> detailed<02:12:48.079> amendments align:start position:0% about three pages of detailed amendments align:start position:0% about three pages of detailed amendments and<02:12:49.360> uh<02:12:49.440> and<02:12:49.559> I<02:12:49.639> want<02:12:49.719> to<02:12:49.840> say<02:12:50.159> I'm<02:12:50.520> very<02:12:50.719> appre align:start position:0% and uh and I want to say I'm very appre align:start position:0% and uh and I want to say I'm very appre itive<02:12:51.679> that<02:12:52.040> anthropic<02:12:52.639> and<02:12:52.760> they're<02:12:52.920> not<02:12:53.320> the align:start position:0% itive that anthropic and they're not the align:start position:0% itive that anthropic and they're not the only<02:12:53.679> one<02:12:53.880> but<02:12:54.000> the<02:12:54.320> anthropic<02:12:55.320> uh<02:12:55.440> took align:start position:0% only one but the anthropic uh took align:start position:0% only one but the anthropic uh took seriously<02:12:56.320> when<02:12:56.480> we<02:12:56.639> said<02:12:57.159> give<02:12:57.320> us<02:12:57.520> feedback align:start position:0% seriously when we said give us feedback align:start position:0% seriously when we said give us feedback tell<02:12:58.119> us<02:12:58.280> what<02:12:58.400> you<02:12:58.520> want<02:12:58.599> to<02:12:58.719> see<02:12:58.880> change<02:12:59.199> in align:start position:0% tell us what you want to see change in align:start position:0% tell us what you want to see change in the<02:12:59.440> bill<02:12:59.719> and<02:12:59.880> anthropic<02:13:00.480> came<02:13:00.679> with<02:13:00.880> some align:start position:0% the bill and anthropic came with some align:start position:0% the bill and anthropic came with some very<02:13:01.760> detailed<02:13:02.760> um<02:13:03.440> uh<02:13:03.760> amendments<02:13:04.760> uh<02:13:04.920> and align:start position:0% very detailed um uh amendments uh and align:start position:0% very detailed um uh amendments uh and this<02:13:05.159> is<02:13:05.280> you<02:13:05.360> know<02:13:05.520> anthropic<02:13:06.320> also<02:13:06.840> you<02:13:06.960> know align:start position:0% this is you know anthropic also you know align:start position:0% this is you know anthropic also you know a<02:13:08.119> a<02:13:08.320> lab<02:13:08.800> that<02:13:09.040> is<02:13:09.440> prioritizes<02:13:10.159> safety<02:13:10.520> and align:start position:0% a a lab that is prioritizes safety and align:start position:0% a a lab that is prioritizes safety and has<02:13:10.880> the<02:13:11.320> I<02:13:11.400> think<02:13:11.719> the<02:13:11.840> largest<02:13:12.639> uh<02:13:12.760> the align:start position:0% has the I think the largest uh the align:start position:0% has the I think the largest uh the highest<02:13:13.239> the<02:13:13.360> most<02:13:13.599> capable<02:13:13.960> model<02:13:14.679> around align:start position:0% highest the most capable model around align:start position:0% highest the most capable model around today<02:13:15.239> maybe<02:13:15.400> I'm<02:13:15.559> wrong<02:13:15.679> about<02:13:15.840> that<02:13:16.040> for<02:13:16.159> now align:start position:0% today maybe I'm wrong about that for now align:start position:0% today maybe I'm wrong about that for now but<02:13:16.559> that<02:13:16.679> changes<02:13:17.079> every<02:13:17.480> yeah<02:13:17.599> I'm<02:13:17.679> sure<02:13:17.840> it align:start position:0% but that changes every yeah I'm sure it align:start position:0% but that changes every yeah I'm sure it changes<02:13:18.320> every<02:13:18.480> week<02:13:19.199> um<02:13:19.559> and<02:13:19.719> so<02:13:20.679> uh<02:13:21.480> and<02:13:21.679> we align:start position:0% changes every week um and so uh and we align:start position:0% changes every week um and so uh and we are<02:13:22.599> um<02:13:22.800> I'm<02:13:22.920> very<02:13:23.119> open<02:13:23.400> to<02:13:23.639> their<02:13:23.960> amendments align:start position:0% are um I'm very open to their amendments align:start position:0% are um I'm very open to their amendments they<02:13:24.639> have<02:13:25.040> was<02:13:25.400> some<02:13:25.719> very<02:13:25.960> very<02:13:26.199> thoughtful align:start position:0% they have was some very very thoughtful align:start position:0% they have was some very very thoughtful and<02:13:26.719> interesting<02:13:27.119> amendments<02:13:27.559> and<02:13:27.760> I'm<02:13:28.559> uh align:start position:0% and interesting amendments and I'm uh align:start position:0% and interesting amendments and I'm uh I'm<02:13:29.000> I'm<02:13:29.239> generally<02:13:30.000> positive<02:13:30.520> about<02:13:30.800> their align:start position:0% I'm I'm generally positive about their align:start position:0% I'm I'm generally positive about their amendments<02:13:31.760> and<02:13:32.239> you<02:13:32.360> know<02:13:32.719> one<02:13:32.840> of<02:13:32.960> them<02:13:33.159> is align:start position:0% amendments and you know one of them is align:start position:0% amendments and you know one of them is eliminating<02:13:34.440> the<02:13:34.840> frontier<02:13:35.280> model<02:13:35.599> division align:start position:0% eliminating the frontier model division align:start position:0% eliminating the frontier model division the<02:13:36.079> fmd<02:13:36.559> which<02:13:36.679> is<02:13:36.960> cause<02:13:37.960> um<02:13:38.559> some align:start position:0% the fmd which is cause um some align:start position:0% the fmd which is cause um some consternation<02:13:40.280> and<02:13:40.679> I'm<02:13:40.960> I'm<02:13:41.079> open<02:13:41.320> to<02:13:41.480> doing align:start position:0% consternation and I'm I'm open to doing align:start position:0% consternation and I'm I'm open to doing that<02:13:42.000> we<02:13:42.159> have<02:13:42.280> to<02:13:42.920> because<02:13:43.199> of<02:13:43.400> the<02:13:44.000> late align:start position:0% that we have to because of the late align:start position:0% that we have to because of the late stage<02:13:44.599> of<02:13:44.760> the<02:13:44.840> bill<02:13:45.119> it's<02:13:45.280> gone<02:13:45.440> through<02:13:45.599> a align:start position:0% stage of the bill it's gone through a align:start position:0% stage of the bill it's gone through a bunch<02:13:45.880> of<02:13:46.000> committees<02:13:46.520> with<02:13:46.840> amendments<02:13:47.280> from align:start position:0% bunch of committees with amendments from align:start position:0% bunch of committees with amendments from committees<02:13:48.000> and<02:13:48.119> so<02:13:48.280> we<02:13:48.440> have<02:13:48.559> to<02:13:49.040> for<02:13:49.280> some align:start position:0% committees and so we have to for some align:start position:0% committees and so we have to for some kinds<02:13:49.679> of<02:13:49.840> amendments<02:13:50.239> get<02:13:50.400> sign<02:13:50.719> off<02:13:51.280> from align:start position:0% kinds of amendments get sign off from align:start position:0% kinds of amendments get sign off from the<02:13:51.639> committee<02:13:52.000> that<02:13:52.159> passed<02:13:52.440> the<02:13:52.559> bill<02:13:52.800> so align:start position:0% the committee that passed the bill so align:start position:0% the committee that passed the bill so it's<02:13:53.159> not<02:13:53.920> exclusively<02:13:54.920> I'm<02:13:55.480> I'm<02:13:55.599> not<02:13:55.880> the<02:13:56.040> I'm align:start position:0% it's not exclusively I'm I'm not the I'm align:start position:0% it's not exclusively I'm I'm not the I'm not<02:13:56.400> the<02:13:56.719> the<02:13:57.320> the<02:13:57.440> reigning<02:13:57.800> monarch<02:13:58.800> of<02:13:58.920> the align:start position:0% not the the the reigning monarch of the align:start position:0% not the the the reigning monarch of the bill<02:13:59.440> exclusively<02:13:59.960> it's<02:14:00.079> like<02:14:00.199> a<02:14:00.320> group align:start position:0% bill exclusively it's like a group align:start position:0% bill exclusively it's like a group effort<02:14:01.079> at<02:14:01.239> this<02:14:01.400> point<02:14:02.199> um<02:14:03.199> but<02:14:03.520> we<02:14:03.679> are<02:14:04.360> I'm align:start position:0% effort at this point um but we are I'm align:start position:0% effort at this point um but we are I'm very<02:14:04.800> open<02:14:05.119> to<02:14:05.360> the<02:14:05.520> Amendments<02:14:06.079> that align:start position:0% very open to the Amendments that align:start position:0% very open to the Amendments that anthropic<02:14:07.480> has<02:14:07.679> proposed<02:14:08.280> and<02:14:09.280> there's<02:14:10.000> still align:start position:0% anthropic has proposed and there's still align:start position:0% anthropic has proposed and there's still time<02:14:11.880> if<02:14:12.239> people<02:14:12.679> have<02:14:13.159> you<02:14:13.239> know<02:14:13.400> and<02:14:13.559> some align:start position:0% time if people have you know and some align:start position:0% time if people have you know and some people<02:14:14.079> there<02:14:14.159> are<02:14:14.320> some<02:14:14.520> people<02:14:14.760> who<02:14:15.000> uh<02:14:15.719> um align:start position:0% people there are some people who uh um align:start position:0% people there are some people who uh um who<02:14:16.440> I<02:14:16.920> I<02:14:17.000> won't<02:14:17.159> name<02:14:17.360> names<02:14:17.599> but<02:14:17.760> some<02:14:17.920> people align:start position:0% who I I won't name names but some people align:start position:0% who I I won't name names but some people who<02:14:18.280> have<02:14:18.480> made<02:14:18.679> some<02:14:19.000> very<02:14:19.400> concrete<02:14:20.400> uh align:start position:0% who have made some very concrete uh align:start position:0% who have made some very concrete uh suggestions<02:14:21.360> and<02:14:21.520> we<02:14:21.719> really<02:14:22.280> appreciate align:start position:0% suggestions and we really appreciate align:start position:0% suggestions and we really appreciate that<02:14:23.280> and<02:14:23.440> there's<02:14:23.679> still<02:14:23.960> time<02:14:24.440> but<02:14:24.840> time<02:14:25.000> is align:start position:0% that and there's still time but time is align:start position:0% that and there's still time but time is running<02:14:25.440> out<02:14:25.719> so<02:14:26.159> time<02:14:26.480> is<02:14:27.480> find<02:14:27.599> him<02:14:27.760> after align:start position:0% running out so time is find him after align:start position:0% running out so time is find him after this<02:14:28.119> talk<02:14:28.599> do<02:14:29.079> Q&A<02:14:29.480> thank<02:14:29.639> you<02:14:29.920> Shir<02:14:30.320> we<02:14:30.920> gotow align:start position:0% this talk do Q&A thank you Shir we gotow align:start position:0% this talk do Q&A thank you Shir we gotow in<02:14:32.040> time<02:14:32.159> so<02:14:32.280> I<02:14:32.360> want<02:14:32.440> to<02:14:32.559> move<02:14:32.760> to<02:14:32.960> to<02:14:33.119> Q&A<02:14:33.920> how align:start position:0% in time so I want to move to to Q&A how align:start position:0% in time so I want to move to to Q&A how many<02:14:34.320> how<02:14:34.400> many<02:14:34.800> uh<02:14:34.920> Founders<02:14:35.599> are<02:14:35.840> here<02:14:36.480> raise align:start position:0% many how many uh Founders are here raise align:start position:0% many how many uh Founders are here raise your<02:14:36.719> hand<02:14:36.840> if<02:14:36.960> you're<02:14:37.040> a<02:14:37.280> Founder<02:14:38.280> raise<02:14:38.520> your align:start position:0% your hand if you're a Founder raise your align:start position:0% your hand if you're a Founder raise your hand<02:14:39.239> if<02:14:39.920> uh<02:14:40.119> put<02:14:40.280> your<02:14:40.400> hand<02:14:40.639> down<02:14:41.079> if<02:14:41.199> you're align:start position:0% hand if uh put your hand down if you're align:start position:0% hand if uh put your hand down if you're not<02:14:42.239> using<02:14:42.880> AI<02:14:43.360> in<02:14:43.520> your align:start position:0% not using AI in your align:start position:0% not using AI in your company<02:14:45.880> put<02:14:46.040> your<02:14:46.199> hand<02:14:46.480> down<02:14:46.800> if<02:14:46.920> you<02:14:47.040> don't align:start position:0% company put your hand down if you don't align:start position:0% company put your hand down if you don't live<02:14:47.440> in<02:14:47.639> San align:start position:0% live in San align:start position:0% live in San Francisco<02:14:49.719> okay<02:14:50.280> so<02:14:50.480> a<02:14:50.599> lot<02:14:50.719> of<02:14:51.079> lot<02:14:51.239> of align:start position:0% Francisco okay so a lot of lot of align:start position:0% Francisco okay so a lot of lot of constituent<02:14:52.400> AI<02:14:52.800> Founders<02:14:53.440> in<02:14:53.599> this<02:14:53.800> audience align:start position:0% constituent AI Founders in this audience align:start position:0% constituent AI Founders in this audience so<02:14:54.360> I'm<02:14:54.520> eager<02:14:54.760> to<02:14:54.920> hear<02:14:55.159> your<02:14:55.679> questions<02:14:56.679> uh align:start position:0% so I'm eager to hear your questions uh align:start position:0% so I'm eager to hear your questions uh let's<02:14:57.679> see<02:14:57.840> some align:start position:0% let's see some align:start position:0% let's see some ants<02:15:00.119> thank<02:15:00.280> you<02:15:00.400> so<02:15:00.520> much<02:15:00.639> for<02:15:00.800> being<02:15:01.079> here align:start position:0% ants thank you so much for being here align:start position:0% ants thank you so much for being here and<02:15:01.960> uh<02:15:02.280> I<02:15:02.400> think<02:15:02.599> your<02:15:03.559> openness<02:15:04.559> to<02:15:05.000> feedback align:start position:0% and uh I think your openness to feedback align:start position:0% and uh I think your openness to feedback is<02:15:05.920> commendable<02:15:06.800> and<02:15:07.000> I<02:15:07.119> think<02:15:07.239> we<02:15:07.360> all align:start position:0% is commendable and I think we all align:start position:0% is commendable and I think we all appreciate<02:15:08.119> it<02:15:09.239> um<02:15:10.239> I<02:15:10.360> don't<02:15:10.599> think<02:15:10.920> a<02:15:11.079> lot<02:15:11.239> of align:start position:0% appreciate it um I don't think a lot of align:start position:0% appreciate it um I don't think a lot of us<02:15:11.520> here<02:15:11.679> are<02:15:11.800> going<02:15:11.920> to<02:15:12.159> train<02:15:12.960> models<02:15:13.520> from align:start position:0% us here are going to train models from align:start position:0% us here are going to train models from scratch<02:15:14.800> to<02:15:15.079> hit<02:15:15.280> that<02:15:15.599> threshold<02:15:16.599> so<02:15:16.800> let's align:start position:0% scratch to hit that threshold so let's align:start position:0% scratch to hit that threshold so let's talk<02:15:17.159> about<02:15:17.320> startup<02:15:17.719> Founders<02:15:18.679> there's<02:15:18.880> a align:start position:0% talk about startup Founders there's a align:start position:0% talk about startup Founders there's a higher<02:15:19.360> probability<02:15:19.800> we're<02:15:19.960> going<02:15:20.040> to align:start position:0% higher probability we're going to align:start position:0% higher probability we're going to fine-tune align:start position:0% fine-tune align:start position:0% fine-tune all<02:15:21.960> right<02:15:23.000> so<02:15:24.000> from<02:15:24.199> what<02:15:24.360> I<02:15:24.880> understand<02:15:25.559> and align:start position:0% all right so from what I understand and align:start position:0% all right so from what I understand and I<02:15:25.880> read<02:15:26.199> all<02:15:26.400> of<02:15:26.559> the<02:15:26.719> text<02:15:27.159> this<02:15:27.320> morning align:start position:0% I read all of the text this morning align:start position:0% I read all of the text this morning summarized<02:15:28.840> it<02:15:29.079> did<02:15:29.199> a<02:15:29.320> bunch<02:15:29.480> of<02:15:29.599> little align:start position:0% summarized it did a bunch of little align:start position:0% summarized it did a bunch of little analysis<02:15:32.159> even<02:15:32.400> if<02:15:32.520> you're<02:15:32.840> fine-tuning align:start position:0% analysis even if you're fine-tuning align:start position:0% analysis even if you're fine-tuning you're<02:15:34.079> considered<02:15:34.440> a<02:15:34.599> model align:start position:0% you're considered a model align:start position:0% you're considered a model developer<02:15:36.639> and<02:15:36.800> if<02:15:36.960> you're<02:15:37.199> fine-tuning align:start position:0% developer and if you're fine-tuning align:start position:0% developer and if you're fine-tuning you're<02:15:37.920> still<02:15:38.199> subject<02:15:38.599> to<02:15:39.599> a<02:15:39.760> lot<02:15:39.960> of align:start position:0% you're still subject to a lot of align:start position:0% you're still subject to a lot of compliance<02:15:41.480> now<02:15:41.639> we<02:15:41.760> did<02:15:41.880> some<02:15:42.040> rough<02:15:42.320> math<02:15:42.559> on align:start position:0% compliance now we did some rough math on align:start position:0% compliance now we did some rough math on the<02:15:42.800> compliance<02:15:43.360> that's<02:15:43.520> like<02:15:43.719> half<02:15:43.880> a align:start position:0% the compliance that's like half a align:start position:0% the compliance that's like half a million<02:15:44.360> a<02:15:44.520> year<02:15:45.280> roughly<02:15:46.280> in<02:15:47.239> all<02:15:47.400> of<02:15:47.520> the align:start position:0% million a year roughly in all of the align:start position:0% million a year roughly in all of the compliance<02:15:48.119> work<02:15:48.679> necessary<02:15:49.679> in<02:15:49.840> order<02:15:50.159> to align:start position:0% compliance work necessary in order to align:start position:0% compliance work necessary in order to find<02:15:51.199> tune<02:15:51.559> and<02:15:51.719> release<02:15:52.079> a<02:15:52.280> model<02:15:52.800> that<02:15:53.559> is align:start position:0% find tune and release a model that is align:start position:0% find tune and release a model that is derived<02:15:54.520> from<02:15:55.520> a<02:15:55.679> much<02:15:55.920> bigger<02:15:56.199> model<02:15:56.520> that's align:start position:0% derived from a much bigger model that's align:start position:0% derived from a much bigger model that's actually<02:15:58.159> so<02:15:58.719> it's<02:15:59.719> I<02:15:59.800> don't<02:15:59.920> want<02:16:00.400> if<02:16:00.520> I<02:16:00.599> could align:start position:0% actually so it's I don't want if I could align:start position:0% actually so it's I don't want if I could just<02:16:01.440> I<02:16:01.520> can<02:16:01.639> wait<02:16:01.800> till<02:16:01.920> you're<02:16:02.079> done<02:16:03.040> go align:start position:0% just I can wait till you're done go align:start position:0% just I can wait till you're done go ahead<02:16:03.840> no<02:16:04.199> the<02:16:04.559> in<02:16:04.639> terms<02:16:04.840> of<02:16:05.000> fine<02:16:05.280> tuning<02:16:06.079> it align:start position:0% ahead no the in terms of fine tuning it align:start position:0% ahead no the in terms of fine tuning it is<02:16:06.960> those<02:16:07.199> responsibilities<02:16:08.079> would<02:16:08.239> would align:start position:0% is those responsibilities would would align:start position:0% is those responsibilities would would kick<02:16:08.639> in<02:16:08.880> only<02:16:09.199> with<02:16:09.360> a<02:16:10.000> quite<02:16:10.599> significant align:start position:0% kick in only with a quite significant align:start position:0% kick in only with a quite significant amount<02:16:12.119> of<02:16:12.280> fine<02:16:12.559> tuning<02:16:13.559> U<02:16:14.239> so<02:16:14.719> there's<02:16:14.880> a align:start position:0% amount of fine tuning U so there's a align:start position:0% amount of fine tuning U so there's a threshold<02:16:15.880> in<02:16:16.040> the<02:16:16.280> bill<02:16:17.280> and<02:16:17.639> and<02:16:18.000> that align:start position:0% threshold in the bill and and that align:start position:0% threshold in the bill and and that doesn't<02:16:18.639> have<02:16:18.760> to<02:16:18.960> stay<02:16:19.280> that<02:16:19.440> way<02:16:20.320> in<02:16:20.599> in<02:16:20.679> the align:start position:0% doesn't have to stay that way in in the align:start position:0% doesn't have to stay that way in in the bill<02:16:21.400> right<02:16:21.599> that<02:16:21.760> was<02:16:22.719> again<02:16:23.040> that<02:16:23.159> that's align:start position:0% bill right that was again that that's align:start position:0% bill right that was again that that's the<02:16:23.400> kind<02:16:23.520> of<02:16:23.639> feedback<02:16:24.079> we<02:16:24.199> won't<02:16:24.400> I<02:16:24.480> think align:start position:0% the kind of feedback we won't I think align:start position:0% the kind of feedback we won't I think it's<02:16:24.880> very align:start position:0% it's very align:start position:0% it's very unlikely<02:16:26.719> that<02:16:27.040> it<02:16:27.159> would<02:16:27.360> be<02:16:28.119> dropped<02:16:28.880> like align:start position:0% unlikely that it would be dropped like align:start position:0% unlikely that it would be dropped like that<02:16:29.920> um<02:16:30.239> but<02:16:30.639> that's<02:16:30.840> certainly<02:16:31.520> a align:start position:0% that um but that's certainly a align:start position:0% that um but that's certainly a appropriate<02:16:32.800> topic<02:16:33.080> of<02:16:33.240> conversation<02:16:33.880> but align:start position:0% appropriate topic of conversation but align:start position:0% appropriate topic of conversation but the<02:16:34.519> but<02:16:34.679> it<02:16:34.800> is<02:16:35.000> a<02:16:35.639> a<02:16:35.880> significant<02:16:36.479> amount<02:16:36.880> a align:start position:0% the but it is a a significant amount a align:start position:0% the but it is a a significant amount a fine<02:16:37.240> tuning<02:16:37.519> you'd<02:16:37.719> have<02:16:37.840> to<02:16:37.960> do<02:16:38.559> for<02:16:38.719> it<02:16:38.840> to align:start position:0% fine tuning you'd have to do for it to align:start position:0% fine tuning you'd have to do for it to become<02:16:40.160> effectively<02:16:40.719> a<02:16:40.880> new<02:16:41.399> model<02:16:42.160> it's<02:16:42.359> not align:start position:0% become effectively a new model it's not align:start position:0% become effectively a new model it's not about<02:16:43.639> you<02:16:43.960> know<02:16:44.960> modest<02:16:45.760> amounts<02:16:46.080> of<02:16:46.240> fine align:start position:0% about you know modest amounts of fine align:start position:0% about you know modest amounts of fine tuning<02:16:47.280> I've<02:16:47.479> got<02:16:47.639> it<02:16:47.840> yeah<02:16:47.960> that<02:16:48.040> would<02:16:48.160> be align:start position:0% tuning I've got it yeah that would be align:start position:0% tuning I've got it yeah that would be helpful<02:16:48.599> to<02:16:48.760> clarify<02:16:49.639> very<02:16:49.920> clearly<02:16:50.960> I<02:16:51.080> think align:start position:0% helpful to clarify very clearly I think align:start position:0% helpful to clarify very clearly I think it's<02:16:51.479> very<02:16:51.719> clear<02:16:52.160> that<02:16:52.359> threshold<02:16:52.960> in<02:16:53.120> the align:start position:0% it's very clear that threshold in the align:start position:0% it's very clear that threshold in the bill<02:16:54.160> um<02:16:54.519> I<02:16:54.639> I<02:16:54.719> think<02:16:54.880> as<02:16:55.000> was<02:16:55.160> just<02:16:55.359> pointed align:start position:0% bill um I I think as was just pointed align:start position:0% bill um I I think as was just pointed out<02:16:55.920> that<02:16:56.160> there<02:16:56.280> was<02:16:56.439> some<02:16:57.080> concern<02:16:57.719> that<02:16:58.040> the align:start position:0% out that there was some concern that the align:start position:0% out that there was some concern that the um<02:16:59.439> the<02:16:59.639> frontier<02:17:00.040> model<02:17:00.359> division<02:17:00.880> could align:start position:0% um the frontier model division could align:start position:0% um the frontier model division could make<02:17:01.639> an<02:17:01.880> adjustment<02:17:02.479> to<02:17:02.719> that<02:17:02.920> over<02:17:03.120> time<02:17:03.319> it align:start position:0% make an adjustment to that over time it align:start position:0% make an adjustment to that over time it could<02:17:03.559> also<02:17:04.519> raise<02:17:04.880> it<02:17:05.160> over<02:17:05.439> time<02:17:05.920> and<02:17:06.040> this align:start position:0% could also raise it over time and this align:start position:0% could also raise it over time and this is<02:17:06.359> always<02:17:07.080> by<02:17:07.240> the<02:17:07.359> way<02:17:07.880> um<02:17:08.040> with<02:17:08.280> any<02:17:08.559> kind<02:17:08.719> of align:start position:0% is always by the way um with any kind of align:start position:0% is always by the way um with any kind of Regulation<02:17:10.000> the<02:17:10.160> push<02:17:10.359> and<02:17:10.559> pull<02:17:11.000> is<02:17:11.280> always align:start position:0% Regulation the push and pull is always align:start position:0% Regulation the push and pull is always that<02:17:12.160> if<02:17:12.240> you<02:17:12.399> make<02:17:12.880> everything<02:17:13.399> set<02:17:13.679> in<02:17:14.080> stone align:start position:0% that if you make everything set in stone align:start position:0% that if you make everything set in stone then<02:17:15.280> people<02:17:15.760> will<02:17:16.439> I<02:17:16.559> think<02:17:16.880> legitimately align:start position:0% then people will I think legitimately align:start position:0% then people will I think legitimately say<02:17:17.880> wait<02:17:18.240> you're<02:17:18.439> setting<02:17:18.760> it<02:17:18.880> in<02:17:19.120> stone<02:17:19.719> what align:start position:0% say wait you're setting it in stone what align:start position:0% say wait you're setting it in stone what if<02:17:20.080> the<02:17:20.240> world<02:17:20.519> looks<02:17:20.920> different<02:17:21.160> in<02:17:21.319> 3<02:17:21.599> years align:start position:0% if the world looks different in 3 years align:start position:0% if the world looks different in 3 years and<02:17:22.599> then<02:17:22.719> if<02:17:22.840> you<02:17:23.000> say<02:17:23.519> okay<02:17:23.639> we're<02:17:23.760> going<02:17:23.840> to align:start position:0% and then if you say okay we're going to align:start position:0% and then if you say okay we're going to give<02:17:24.080> some<02:17:24.439> flexibility<02:17:25.439> so<02:17:25.679> that<02:17:25.920> you<02:17:26.080> can align:start position:0% give some flexibility so that you can align:start position:0% give some flexibility so that you can look<02:17:26.479> at<02:17:26.639> changes<02:17:26.960> in<02:17:27.040> the<02:17:27.160> world<02:17:27.719> then<02:17:28.160> people align:start position:0% look at changes in the world then people align:start position:0% look at changes in the world then people say<02:17:28.920> but<02:17:29.080> now<02:17:29.240> we<02:17:29.319> don't<02:17:29.559> know<02:17:30.200> with<02:17:30.399> certainty align:start position:0% say but now we don't know with certainty align:start position:0% say but now we don't know with certainty what<02:17:31.040> it's<02:17:31.200> going<02:17:31.319> to<02:17:31.479> be<02:17:32.200> uh<02:17:32.319> in<02:17:32.399> a<02:17:32.519> few<02:17:32.719> years align:start position:0% what it's going to be uh in a few years align:start position:0% what it's going to be uh in a few years so<02:17:33.120> that's<02:17:33.399> always<02:17:33.800> a<02:17:33.960> balance<02:17:34.319> that<02:17:34.439> you<02:17:34.599> try align:start position:0% so that's always a balance that you try align:start position:0% so that's always a balance that you try to<02:17:34.920> strike<02:17:35.479> to<02:17:35.719> have<02:17:36.399> not<02:17:36.599> too<02:17:36.800> much align:start position:0% to strike to have not too much align:start position:0% to strike to have not too much flexibility<02:17:37.599> but<02:17:37.719> at<02:17:37.840> least<02:17:38.040> some align:start position:0% flexibility but at least some align:start position:0% flexibility but at least some flexibility<02:17:39.080> I<02:17:39.200> got<02:17:39.319> a<02:17:39.519> question<02:17:39.760> back<02:17:39.960> here align:start position:0% flexibility I got a question back here align:start position:0% flexibility I got a question back here uh<02:17:41.040> hi<02:17:41.240> I'm<02:17:41.439> Evan<02:17:41.800> CEO<02:17:42.200> of<02:17:42.439> edge<02:17:43.439> um<02:17:43.880> first<02:17:44.080> of align:start position:0% uh hi I'm Evan CEO of edge um first of align:start position:0% uh hi I'm Evan CEO of edge um first of all<02:17:44.399> I<02:17:44.479> do<02:17:44.599> want<02:17:44.719> to<02:17:44.880> say<02:17:45.160> thank<02:17:45.359> you<02:17:45.599> so<02:17:45.760> much align:start position:0% all I do want to say thank you so much align:start position:0% all I do want to say thank you so much for<02:17:46.240> engaging<02:17:47.240> I'm<02:17:47.559> Okay<02:17:47.760> naming<02:17:48.080> names<02:17:48.399> I align:start position:0% for engaging I'm Okay naming names I align:start position:0% for engaging I'm Okay naming names I actually<02:17:48.880> been<02:17:49.040> engaging<02:17:49.399> with<02:17:49.519> your<02:17:49.800> office align:start position:0% actually been engaging with your office align:start position:0% actually been engaging with your office and<02:17:50.160> sending<02:17:50.439> over<02:17:50.920> specific<02:17:51.359> suggestions<02:17:52.280> I align:start position:0% and sending over specific suggestions I align:start position:0% and sending over specific suggestions I also<02:17:52.599> put<02:17:52.880> together<02:17:53.040> a<02:17:53.160> letter<02:17:53.399> that<02:17:53.559> hundreds align:start position:0% also put together a letter that hundreds align:start position:0% also put together a letter that hundreds of<02:17:54.040> YC<02:17:54.559> Founders<02:17:55.559> um<02:17:55.920> signed<02:17:56.679> so<02:17:56.960> I<02:17:57.120> I<02:17:57.240> can align:start position:0% of YC Founders um signed so I I can align:start position:0% of YC Founders um signed so I I can vouch<02:17:58.479> for<02:17:58.840> you<02:17:59.000> really<02:17:59.200> are<02:17:59.439> engaging<02:18:00.160> and align:start position:0% vouch for you really are engaging and align:start position:0% vouch for you really are engaging and thank<02:18:00.559> you<02:18:00.679> for<02:18:00.920> that<02:18:01.880> um<02:18:02.240> so<02:18:02.519> my<02:18:02.719> main<02:18:02.960> fear align:start position:0% thank you for that um so my main fear align:start position:0% thank you for that um so my main fear with<02:18:03.479> this<02:18:03.639> bill<02:18:04.160> is<02:18:04.280> that<02:18:04.439> will<02:18:04.599> become<02:18:04.840> squa align:start position:0% with this bill is that will become squa align:start position:0% with this bill is that will become squa for<02:18:05.439> software<02:18:06.200> you're<02:18:06.439> one<02:18:06.559> of<02:18:06.679> the<02:18:06.800> leading align:start position:0% for software you're one of the leading align:start position:0% for software you're one of the leading proponents<02:18:07.679> of<02:18:07.840> squa<02:18:08.280> Reform<02:18:09.080> and<02:18:09.160> so<02:18:09.399> you align:start position:0% proponents of squa Reform and so you align:start position:0% proponents of squa Reform and so you know<02:18:09.719> that<02:18:09.840> squa<02:18:10.280> was<02:18:10.399> not<02:18:10.519> originally align:start position:0% know that squa was not originally align:start position:0% know that squa was not originally supposed<02:18:11.280> to<02:18:11.399> be<02:18:11.920> squa<02:18:12.760> the<02:18:12.880> friends<02:18:13.200> of align:start position:0% supposed to be squa the friends of align:start position:0% supposed to be squa the friends of Mammoth<02:18:13.760> court<02:18:14.080> case<02:18:14.479> turned<02:18:14.960> it<02:18:15.439> into<02:18:15.719> squa align:start position:0% Mammoth court case turned it into squa align:start position:0% Mammoth court case turned it into squa and<02:18:16.840> now<02:18:17.280> even<02:18:17.679> when<02:18:17.760> you're<02:18:17.920> not<02:18:18.160> violating align:start position:0% and now even when you're not violating align:start position:0% and now even when you're not violating squa<02:18:19.479> the<02:18:19.800> cost<02:18:20.040> of<02:18:20.200> producing<02:18:20.760> thousands<02:18:21.040> of align:start position:0% squa the cost of producing thousands of align:start position:0% squa the cost of producing thousands of pages<02:18:21.639> and<02:18:21.800> the<02:18:22.000> risk<02:18:22.280> of<02:18:22.439> being<02:18:22.760> violating<02:18:23.280> it align:start position:0% pages and the risk of being violating it align:start position:0% pages and the risk of being violating it is<02:18:24.639> you<02:18:24.719> know<02:18:24.840> is<02:18:24.960> a<02:18:25.080> huge<02:18:25.319> impediment<02:18:25.760> to<02:18:25.880> a align:start position:0% is you know is a huge impediment to a align:start position:0% is you know is a huge impediment to a lot<02:18:26.080> of<02:18:26.240> things<02:18:26.479> like<02:18:26.679> housing<02:18:27.439> High-Speed align:start position:0% lot of things like housing High-Speed align:start position:0% lot of things like housing High-Speed Rail<02:18:28.800> and<02:18:28.960> again<02:18:29.359> this<02:18:29.519> came<02:18:29.679> from<02:18:29.880> Court<02:18:30.160> made align:start position:0% Rail and again this came from Court made align:start position:0% Rail and again this came from Court made law<02:18:30.880> not<02:18:31.240> from<02:18:31.439> legislative<02:18:32.000> made<02:18:32.240> law<02:18:32.760> and<02:18:32.840> so align:start position:0% law not from legislative made law and so align:start position:0% law not from legislative made law and so there<02:18:33.080> are<02:18:33.319> two<02:18:33.559> main<02:18:33.920> areas<02:18:34.399> where<02:18:34.559> I'm align:start position:0% there are two main areas where I'm align:start position:0% there are two main areas where I'm curious<02:18:35.160> if<02:18:35.280> you're<02:18:35.439> open<02:18:35.679> to<02:18:35.800> some<02:18:35.960> changes align:start position:0% curious if you're open to some changes align:start position:0% curious if you're open to some changes here<02:18:37.000> the<02:18:37.160> first<02:18:37.359> one<02:18:37.519> is<02:18:37.719> the<02:18:37.960> definition<02:18:38.679> of align:start position:0% here the first one is the definition of align:start position:0% here the first one is the definition of AI<02:18:39.880> the<02:18:40.080> definition<02:18:40.639> of<02:18:40.760> a<02:18:41.000> model<02:18:41.920> in<02:18:42.280> the<02:18:42.439> bill align:start position:0% AI the definition of a model in the bill align:start position:0% AI the definition of a model in the bill is<02:18:44.200> a<02:18:44.639> is<02:18:44.760> a<02:18:44.840> piece<02:18:45.000> of<02:18:45.160> software<02:18:45.639> that<02:18:45.760> can align:start position:0% is a is a piece of software that can align:start position:0% is a is a piece of software that can implicitly<02:18:46.479> based<02:18:46.719> on<02:18:46.880> inputs<02:18:47.200> and<02:18:47.359> outputs align:start position:0% implicitly based on inputs and outputs align:start position:0% implicitly based on inputs and outputs Define<02:18:48.479> goals<02:18:49.200> that<02:18:49.319> can<02:18:49.519> plausibly<02:18:50.080> Define align:start position:0% Define goals that can plausibly Define align:start position:0% Define goals that can plausibly Define almost<02:18:51.439> any<02:18:51.760> software<02:18:52.679> and<02:18:52.800> so<02:18:52.920> I'm<02:18:53.040> wondering align:start position:0% almost any software and so I'm wondering align:start position:0% almost any software and so I'm wondering if<02:18:53.399> you're<02:18:53.599> open<02:18:53.880> to<02:18:54.080> changes<02:18:54.439> to<02:18:54.599> the align:start position:0% if you're open to changes to the align:start position:0% if you're open to changes to the definition<02:18:55.559> to<02:18:55.800> narrow<02:18:56.080> it<02:18:56.439> very<02:18:56.880> tightly<02:18:57.559> to align:start position:0% definition to narrow it very tightly to align:start position:0% definition to narrow it very tightly to apply<02:18:58.040> to<02:18:58.200> a<02:18:58.319> much<02:18:58.519> narrower<02:18:59.040> range<02:18:59.280> of align:start position:0% apply to a much narrower range of align:start position:0% apply to a much narrower range of Technologies<02:19:00.639> the<02:19:00.760> second<02:19:01.080> one<02:19:01.519> is<02:19:01.760> that align:start position:0% Technologies the second one is that align:start position:0% Technologies the second one is that right<02:19:02.160> now<02:19:02.280> it's<02:19:02.479> really<02:19:02.719> focused<02:19:03.080> on align:start position:0% right now it's really focused on align:start position:0% right now it's really focused on liability<02:19:04.000> your<02:19:04.200> team<02:19:04.479> has<02:19:04.639> said<02:19:04.800> that align:start position:0% liability your team has said that align:start position:0% liability your team has said that they're<02:19:05.120> really<02:19:05.280> focused<02:19:05.639> on<02:19:05.760> connecting align:start position:0% they're really focused on connecting align:start position:0% they're really focused on connecting this<02:19:06.200> to<02:19:06.319> negligence<02:19:06.800> law<02:19:07.040> I<02:19:07.120> think<02:19:07.240> that's align:start position:0% this to negligence law I think that's align:start position:0% this to negligence law I think that's great<02:19:08.280> I'm<02:19:08.399> wondering<02:19:08.679> if<02:19:08.760> you're<02:19:08.960> open<02:19:09.359> to align:start position:0% great I'm wondering if you're open to align:start position:0% great I'm wondering if you're open to instead<02:19:10.679> of<02:19:11.120> substantial<02:19:11.840> you<02:19:11.960> know align:start position:0% instead of substantial you know align:start position:0% instead of substantial you know reasonable<02:19:12.519> likelihoods<02:19:12.960> of<02:19:13.080> harm<02:19:13.280> or align:start position:0% reasonable likelihoods of harm or align:start position:0% reasonable likelihoods of harm or something<02:19:14.000> connecting<02:19:14.319> it<02:19:14.439> to<02:19:14.760> proximate align:start position:0% something connecting it to proximate align:start position:0% something connecting it to proximate cause<02:19:16.080> which<02:19:16.200> is<02:19:16.319> the<02:19:16.439> negligence<02:19:16.960> term<02:19:17.639> and align:start position:0% cause which is the negligence term and align:start position:0% cause which is the negligence term and connecting<02:19:18.160> it<02:19:18.240> to<02:19:18.319> a<02:19:18.439> liability<02:19:19.080> Shield align:start position:0% connecting it to a liability Shield align:start position:0% connecting it to a liability Shield where<02:19:20.800> when<02:19:21.000> you<02:19:21.240> release<02:19:21.760> testing<02:19:22.639> you're align:start position:0% where when you release testing you're align:start position:0% where when you release testing you're sort<02:19:23.040> of<02:19:23.160> making<02:19:23.479> this<02:19:23.639> trade<02:19:24.000> where<02:19:24.200> you're align:start position:0% sort of making this trade where you're align:start position:0% sort of making this trade where you're deciding<02:19:25.399> how<02:19:25.519> much<02:19:25.760> testing<02:19:26.240> you<02:19:26.359> want<02:19:26.479> to<02:19:26.679> do align:start position:0% deciding how much testing you want to do align:start position:0% deciding how much testing you want to do you're<02:19:27.439> deciding<02:19:27.880> how<02:19:28.000> much<02:19:28.359> cost<02:19:28.840> you<02:19:28.960> want align:start position:0% you're deciding how much cost you want align:start position:0% you're deciding how much cost you want to<02:19:29.280> put<02:19:29.439> in<02:19:30.080> to<02:19:30.479> testing<02:19:31.319> and<02:19:31.439> in<02:19:31.760> exchange<02:19:32.760> as align:start position:0% to put in to testing and in exchange as align:start position:0% to put in to testing and in exchange as long<02:19:33.080> as<02:19:33.200> you<02:19:33.399> comply<02:19:33.800> with<02:19:33.960> the<02:19:34.160> O<02:19:34.319> the align:start position:0% long as you comply with the O the align:start position:0% long as you comply with the O the testing<02:19:34.760> of<02:19:34.960> your<02:19:35.439> standard<02:19:36.439> you<02:19:36.719> get<02:19:36.920> a align:start position:0% testing of your standard you get a align:start position:0% testing of your standard you get a liability<02:19:37.719> Shield<02:19:38.439> that<02:19:38.639> protects<02:19:39.080> you align:start position:0% liability Shield that protects you align:start position:0% liability Shield that protects you within<02:19:39.800> that<02:19:40.040> scope<02:19:40.719> and<02:19:40.800> I<02:19:40.920> think<02:19:41.200> those align:start position:0% within that scope and I think those align:start position:0% within that scope and I think those three<02:19:42.160> changes<02:19:43.080> would<02:19:43.399> actually<02:19:44.120> turn<02:19:45.000> this align:start position:0% three changes would actually turn this align:start position:0% three changes would actually turn this from<02:19:45.599> the<02:19:45.800> potential<02:19:46.120> SQ<02:19:46.679> software<02:19:47.160> to align:start position:0% from the potential SQ software to align:start position:0% from the potential SQ software to actually<02:19:48.399> a<02:19:48.720> positive<02:19:49.120> for<02:19:49.240> the<02:19:49.399> industry align:start position:0% actually a positive for the industry align:start position:0% actually a positive for the industry that<02:19:50.280> provides<02:19:50.760> a<02:19:50.840> lot<02:19:50.960> of<02:19:51.560> clarification<02:19:52.560> and align:start position:0% that provides a lot of clarification and align:start position:0% that provides a lot of clarification and makes<02:19:52.920> it<02:19:53.200> easier<02:19:53.640> to<02:19:53.760> do<02:19:53.960> business<02:19:54.240> as<02:19:54.319> an<02:19:54.479> AI align:start position:0% makes it easier to do business as an AI align:start position:0% makes it easier to do business as an AI company<02:19:54.960> in<02:19:55.080> California<02:19:56.080> um<02:19:56.319> okay<02:19:56.479> so<02:19:56.680> a<02:19:56.760> few align:start position:0% company in California um okay so a few align:start position:0% company in California um okay so a few things<02:19:57.319> hopefully<02:19:57.560> I'll<02:19:57.720> remember align:start position:0% things hopefully I'll remember align:start position:0% things hopefully I'll remember everything<02:19:58.880> um<02:19:59.399> yes<02:19:59.560> you<02:19:59.680> can<02:19:59.800> remind<02:20:00.080> me<02:20:00.200> if<02:20:00.319> I align:start position:0% everything um yes you can remind me if I align:start position:0% everything um yes you can remind me if I forget<02:20:01.000> um<02:20:01.479> in<02:20:01.640> terms<02:20:02.000> of<02:20:02.200> the<02:20:02.439> definition<02:20:02.920> of align:start position:0% forget um in terms of the definition of align:start position:0% forget um in terms of the definition of AI<02:20:03.840> we<02:20:04.120> actually<02:20:05.000> um<02:20:05.160> we<02:20:05.359> had<02:20:05.680> one<02:20:05.840> a align:start position:0% AI we actually um we had one a align:start position:0% AI we actually um we had one a definition<02:20:06.439> when<02:20:06.560> we<02:20:06.760> first<02:20:07.000> introduced<02:20:07.520> the align:start position:0% definition when we first introduced the align:start position:0% definition when we first introduced the bill<02:20:08.040> and<02:20:08.120> then<02:20:08.280> through<02:20:08.520> the<02:20:08.680> legislative align:start position:0% bill and then through the legislative align:start position:0% bill and then through the legislative process<02:20:09.960> because<02:20:10.240> there<02:20:10.399> are<02:20:11.120> um<02:20:11.359> as<02:20:11.479> was align:start position:0% process because there are um as was align:start position:0% process because there are um as was noted<02:20:12.000> a<02:20:12.120> number<02:20:12.479> of<02:20:13.080> AI<02:20:13.439> bills<02:20:13.840> large<02:20:14.120> and align:start position:0% noted a number of AI bills large and align:start position:0% noted a number of AI bills large and small<02:20:15.240> um<02:20:15.840> there<02:20:16.120> was<02:20:16.399> a<02:20:16.640> uni<02:20:17.080> the<02:20:17.560> legislature align:start position:0% small um there was a uni the legislature align:start position:0% small um there was a uni the legislature the<02:20:18.680> two<02:20:18.920> houses<02:20:19.280> working<02:20:19.760> together<02:20:20.160> came<02:20:20.359> up align:start position:0% the two houses working together came up align:start position:0% the two houses working together came up with<02:20:20.760> with<02:20:21.560> a<02:20:21.800> uniform<02:20:22.439> definition<02:20:22.880> of<02:20:23.040> AI align:start position:0% with with a uniform definition of AI align:start position:0% with with a uniform definition of AI because<02:20:23.560> what<02:20:23.680> would<02:20:23.840> be<02:20:24.120> bad<02:20:24.800> is<02:20:24.960> if<02:20:25.120> we<02:20:25.280> had align:start position:0% because what would be bad is if we had align:start position:0% because what would be bad is if we had like<02:20:25.760> 10<02:20:26.080> different<02:20:26.439> definitions<02:20:27.000> of<02:20:27.240> AI<02:20:27.880> in align:start position:0% like 10 different definitions of AI in align:start position:0% like 10 different definitions of AI in different<02:20:28.319> bills<02:20:29.040> and<02:20:29.120> so<02:20:29.359> it<02:20:29.479> was<02:20:29.640> made align:start position:0% different bills and so it was made align:start position:0% different bills and so it was made uniform<02:20:30.600> and<02:20:30.720> I<02:20:30.840> think<02:20:31.120> it<02:20:31.200> was<02:20:31.319> looking<02:20:31.600> to align:start position:0% uniform and I think it was looking to align:start position:0% uniform and I think it was looking to other<02:20:32.040> sources<02:20:32.399> of<02:20:32.600> law<02:20:33.359> so<02:20:33.960> um<02:20:34.120> you<02:20:34.319> we're align:start position:0% other sources of law so um you we're align:start position:0% other sources of law so um you we're always<02:20:34.680> willing<02:20:34.960> to<02:20:35.319> you<02:20:35.439> know<02:20:35.680> look<02:20:35.880> at<02:20:36.560> um align:start position:0% always willing to you know look at um align:start position:0% always willing to you know look at um specific<02:20:37.800> uh<02:20:37.960> ideas<02:20:38.880> one<02:20:39.040> thing<02:20:39.160> I<02:20:39.280> will<02:20:39.479> note align:start position:0% specific uh ideas one thing I will note align:start position:0% specific uh ideas one thing I will note on<02:20:40.000> that<02:20:40.200> is<02:20:40.560> because<02:20:41.560> uh<02:20:42.080> the<02:20:42.640> only<02:20:42.960> applies align:start position:0% on that is because uh the only applies align:start position:0% on that is because uh the only applies to<02:20:43.600> models<02:20:44.240> where<02:20:44.600> at<02:20:44.760> least<02:20:44.920> $100<02:20:45.280> million align:start position:0% to models where at least $100 million align:start position:0% to models where at least $100 million tied<02:20:46.319> to<02:20:46.560> inflation<02:20:47.560> uh<02:20:47.720> was<02:20:47.920> spent<02:20:48.359> on align:start position:0% tied to inflation uh was spent on align:start position:0% tied to inflation uh was spent on training<02:20:49.760> that<02:20:49.920> excludes<02:20:50.359> an<02:20:50.640> awful<02:20:51.000> lot<02:20:51.319> of align:start position:0% training that excludes an awful lot of align:start position:0% training that excludes an awful lot of uh<02:20:52.960> potential<02:20:53.960> uh<02:20:54.280> potentially<02:20:54.760> included align:start position:0% uh potential uh potentially included align:start position:0% uh potential uh potentially included models<02:20:56.520> so<02:20:56.680> in<02:20:56.800> ter<02:20:57.160> we<02:20:57.280> are<02:20:57.640> we<02:20:57.880> are<02:20:58.880> o<02:20:59.240> open<02:20:59.520> to align:start position:0% models so in ter we are we are o open to align:start position:0% models so in ter we are we are o open to looking<02:21:00.080> at<02:21:00.399> you<02:21:00.520> know<02:21:01.319> we<02:21:01.520> making<02:21:01.840> sure<02:21:02.680> that align:start position:0% looking at you know we making sure that align:start position:0% looking at you know we making sure that it<02:21:03.560> conform<02:21:04.080> or<02:21:04.200> that<02:21:04.319> it<02:21:04.439> is<02:21:05.160> as<02:21:05.479> you<02:21:05.560> know align:start position:0% it conform or that it is as you know align:start position:0% it conform or that it is as you know close<02:21:06.960> or<02:21:07.319> more<02:21:07.560> conformed<02:21:08.240> with<02:21:08.680> negligence align:start position:0% close or more conformed with negligence align:start position:0% close or more conformed with negligence law<02:21:09.880> that's<02:21:10.120> always<02:21:10.439> been<02:21:10.600> and<02:21:10.680> so<02:21:10.920> that<02:21:11.200> those align:start position:0% law that's always been and so that those align:start position:0% law that's always been and so that those are<02:21:11.720> that's<02:21:11.880> like<02:21:12.040> a<02:21:12.359> an<02:21:12.600> ongoing<02:21:13.600> topic<02:21:14.120> of align:start position:0% are that's like a an ongoing topic of align:start position:0% are that's like a an ongoing topic of conversation<02:21:15.680> in<02:21:15.760> terms<02:21:15.960> of<02:21:16.080> a<02:21:16.240> liability align:start position:0% conversation in terms of a liability align:start position:0% conversation in terms of a liability Shield<02:21:17.800> um<02:21:18.040> it<02:21:18.319> does<02:21:18.560> shield<02:21:18.880> you<02:21:19.040> from align:start position:0% Shield um it does shield you from align:start position:0% Shield um it does shield you from liability<02:21:19.880> under<02:21:20.160> this<02:21:20.280> law<02:21:20.680> terms<02:21:20.920> of<02:21:21.200> if align:start position:0% liability under this law terms of if align:start position:0% liability under this law terms of if you're<02:21:21.399> talking<02:21:21.560> about<02:21:21.680> a<02:21:21.800> broader<02:21:22.160> liability align:start position:0% you're talking about a broader liability align:start position:0% you're talking about a broader liability Shield<02:21:23.040> to<02:21:23.319> like<02:21:23.560> eliminate<02:21:24.399> like<02:21:24.640> existing align:start position:0% Shield to like eliminate like existing align:start position:0% Shield to like eliminate like existing liability<02:21:26.120> we're<02:21:26.479> that's<02:21:26.760> the<02:21:26.840> bill<02:21:27.080> does<02:21:27.319> not align:start position:0% liability we're that's the bill does not align:start position:0% liability we're that's the bill does not do<02:21:27.880> that<02:21:28.000> we're<02:21:28.160> not<02:21:29.000> changing<02:21:30.000> other align:start position:0% do that we're not changing other align:start position:0% do that we're not changing other potential<02:21:31.080> liability<02:21:31.760> that<02:21:32.040> someone<02:21:33.040> uh align:start position:0% potential liability that someone uh align:start position:0% potential liability that someone uh might<02:21:33.760> already<02:21:34.560> uh<02:21:34.920> uh<02:21:35.080> face<02:21:35.920> and<02:21:36.040> then<02:21:36.160> in align:start position:0% might already uh uh face and then in align:start position:0% might already uh uh face and then in terms<02:21:36.600> of<02:21:36.920> squa<02:21:37.920> yes<02:21:38.439> um<02:21:38.760> first<02:21:39.240> I<02:21:39.280> don't<02:21:39.399> want align:start position:0% terms of squa yes um first I don't want align:start position:0% terms of squa yes um first I don't want to<02:21:39.640> assume<02:21:39.880> that<02:21:40.000> everyone<02:21:40.319> knows<02:21:40.680> what<02:21:41.040> squa align:start position:0% to assume that everyone knows what squa align:start position:0% to assume that everyone knows what squa is<02:21:42.040> squa<02:21:42.520> is<02:21:42.600> the<02:21:42.800> California<02:21:43.359> Environmental align:start position:0% is squa is the California Environmental align:start position:0% is squa is the California Environmental Quality<02:21:44.399> act<02:21:44.840> it<02:21:44.920> was<02:21:45.040> a<02:21:45.200> law<02:21:45.439> that<02:21:45.560> was<02:21:45.760> passed align:start position:0% Quality act it was a law that was passed align:start position:0% Quality act it was a law that was passed signed<02:21:46.479> by<02:21:46.760> Ronald<02:21:47.080> Reagan<02:21:47.439> a<02:21:47.600> republican<02:21:48.080> in align:start position:0% signed by Ronald Reagan a republican in align:start position:0% signed by Ronald Reagan a republican in the<02:21:48.280> early align:start position:0% the early align:start position:0% the early 1970s<02:21:50.080> um<02:21:50.359> with<02:21:50.640> which<02:21:51.000> uh<02:21:51.200> basically<02:21:51.520> says<02:21:51.800> if align:start position:0% 1970s um with which uh basically says if align:start position:0% 1970s um with which uh basically says if you're<02:21:52.040> going<02:21:52.120> to<02:21:52.319> do<02:21:52.560> something<02:21:52.920> like<02:21:53.080> for align:start position:0% you're going to do something like for align:start position:0% you're going to do something like for example<02:21:53.600> if<02:21:53.680> you're<02:21:53.840> going<02:21:53.920> to<02:21:54.760> build<02:21:55.080> a<02:21:55.319> dam align:start position:0% example if you're going to build a dam align:start position:0% example if you're going to build a dam or<02:21:56.280> a<02:21:56.399> new<02:21:56.600> freeway<02:21:57.439> you<02:21:57.600> have<02:21:57.720> to<02:21:57.920> evaluate align:start position:0% or a new freeway you have to evaluate align:start position:0% or a new freeway you have to evaluate the<02:21:58.560> environmental<02:21:59.200> impacts<02:22:00.000> to<02:22:00.240> inform<02:22:00.680> your align:start position:0% the environmental impacts to inform your align:start position:0% the environmental impacts to inform your decision<02:22:01.359> about<02:22:01.600> whether<02:22:01.840> to<02:22:02.000> do<02:22:02.240> that<02:22:02.479> over align:start position:0% decision about whether to do that over align:start position:0% decision about whether to do that over the<02:22:02.880> years<02:22:03.319> I've<02:22:03.479> described<02:22:03.920> squa<02:22:04.880> as<02:22:05.040> the<02:22:05.200> law align:start position:0% the years I've described squa as the law align:start position:0% the years I've described squa as the law that<02:22:05.560> swallowed<02:22:06.359> California<02:22:07.359> uh<02:22:07.520> because<02:22:07.920> now align:start position:0% that swallowed California uh because now align:start position:0% that swallowed California uh because now if<02:22:08.520> you<02:22:08.800> are<02:22:09.000> trying<02:22:09.240> to<02:22:09.640> change<02:22:10.640> uh<02:22:10.920> the<02:22:11.280> if align:start position:0% if you are trying to change uh the if align:start position:0% if you are trying to change uh the if you<02:22:11.439> want<02:22:11.560> to<02:22:11.760> rebuild<02:22:12.280> the<02:22:12.399> rotted<02:22:12.800> out<02:22:13.240> front align:start position:0% you want to rebuild the rotted out front align:start position:0% you want to rebuild the rotted out front porch<02:22:13.880> in<02:22:14.040> your<02:22:14.200> home<02:22:15.160> uh<02:22:15.280> that<02:22:15.399> can<02:22:15.560> be align:start position:0% porch in your home uh that can be align:start position:0% porch in your home uh that can be potentially<02:22:16.280> subject<02:22:16.600> to<02:22:16.760> sequit<02:22:17.479> and<02:22:17.640> it<02:22:18.399> and align:start position:0% potentially subject to sequit and it and align:start position:0% potentially subject to sequit and it and it<02:22:18.680> has<02:22:19.040> undermined<02:22:20.040> um<02:22:20.520> climate<02:22:20.840> action align:start position:0% it has undermined um climate action align:start position:0% it has undermined um climate action building<02:22:21.640> new<02:22:21.920> housing<02:22:22.479> public align:start position:0% building new housing public align:start position:0% building new housing public transportation<02:22:23.600> Etc<02:22:24.600> um<02:22:25.200> I<02:22:25.280> would<02:22:25.560> actually align:start position:0% transportation Etc um I would actually align:start position:0% transportation Etc um I would actually disagree<02:22:26.720> that<02:22:26.880> this<02:22:26.960> will<02:22:27.160> be<02:22:27.319> I<02:22:27.359> don't<02:22:27.560> think align:start position:0% disagree that this will be I don't think align:start position:0% disagree that this will be I don't think this<02:22:27.920> is<02:22:28.560> going<02:22:28.680> to<02:22:28.840> be<02:22:29.200> the<02:22:29.680> in<02:22:29.880> any<02:22:30.120> way<02:22:30.479> the align:start position:0% this is going to be the in any way the align:start position:0% this is going to be the in any way the the<02:22:30.800> sqa<02:22:31.720> of<02:22:32.040> AI<02:22:33.040> um<02:22:33.520> this<02:22:33.640> is<02:22:33.920> so<02:22:34.359> well<02:22:34.680> defined align:start position:0% the sqa of AI um this is so well defined align:start position:0% the sqa of AI um this is so well defined in<02:22:35.720> addition<02:22:36.720> this<02:22:36.880> bill<02:22:37.240> does<02:22:37.880> what<02:22:38.080> many<02:22:38.720> SQL align:start position:0% in addition this bill does what many SQL align:start position:0% in addition this bill does what many SQL reform<02:22:39.600> Advocates<02:22:40.479> have<02:22:40.640> been<02:22:40.960> advocating align:start position:0% reform Advocates have been advocating align:start position:0% reform Advocates have been advocating the<02:22:42.200> the<02:22:42.479> biggest<02:22:42.920> problem<02:22:43.160> with<02:22:43.319> sqa<02:22:43.840> is<02:22:43.960> that align:start position:0% the the biggest problem with sqa is that align:start position:0% the the biggest problem with sqa is that anyone<02:22:45.160> can<02:22:45.399> file<02:22:46.040> a<02:22:46.240> lawsuit<02:22:47.240> even<02:22:47.479> if<02:22:47.640> you align:start position:0% anyone can file a lawsuit even if you align:start position:0% anyone can file a lawsuit even if you are<02:22:48.359> you<02:22:48.479> don't<02:22:48.640> even<02:22:48.840> have<02:22:48.960> to<02:22:49.120> disclose<02:22:49.640> Who align:start position:0% are you don't even have to disclose Who align:start position:0% are you don't even have to disclose Who You<02:22:50.000> Are<02:22:50.840> you<02:22:51.000> can<02:22:51.200> have<02:22:51.399> like<02:22:51.520> a<02:22:51.760> fake<02:22:52.240> email align:start position:0% You Are you can have like a fake email align:start position:0% You Are you can have like a fake email account<02:22:53.960> and<02:22:54.240> file<02:22:54.880> a<02:22:55.000> sqa<02:22:55.439> appeal<02:22:55.800> and<02:22:55.920> a<02:22:56.040> sqa align:start position:0% account and file a sqa appeal and a sqa align:start position:0% account and file a sqa appeal and a sqa lawsuit<02:22:57.319> it's<02:22:57.600> it's<02:22:57.880> absolutely<02:22:59.000> absurd<02:23:00.000> and align:start position:0% lawsuit it's it's absolutely absurd and align:start position:0% lawsuit it's it's absolutely absurd and a<02:23:00.399> lot<02:23:00.560> of<02:23:00.840> proponents<02:23:01.399> there<02:23:01.520> are<02:23:01.720> proponents align:start position:0% a lot of proponents there are proponents align:start position:0% a lot of proponents there are proponents of<02:23:02.280> SQL<02:23:02.720> reform<02:23:03.399> who<02:23:03.560> have<02:23:03.720> said<02:23:03.960> let's<02:23:04.160> just align:start position:0% of SQL reform who have said let's just align:start position:0% of SQL reform who have said let's just because<02:23:04.600> SQL<02:23:04.960> does<02:23:05.160> some<02:23:05.479> important<02:23:05.920> things align:start position:0% because SQL does some important things align:start position:0% because SQL does some important things let's<02:23:07.000> just<02:23:07.359> say<02:23:07.600> that<02:23:07.760> only<02:23:08.040> the<02:23:08.160> Attorney align:start position:0% let's just say that only the Attorney align:start position:0% let's just say that only the Attorney General<02:23:09.319> can<02:23:09.520> file<02:23:10.040> a<02:23:10.200> SQL<02:23:10.600> lawsuit<02:23:11.280> that<02:23:11.399> is<02:23:11.560> a align:start position:0% General can file a SQL lawsuit that is a align:start position:0% General can file a SQL lawsuit that is a a<02:23:12.240> pretty<02:23:12.560> significant<02:23:13.319> that<02:23:13.399> would<02:23:13.560> be<02:23:13.680> a align:start position:0% a pretty significant that would be a align:start position:0% a pretty significant that would be a huge<02:23:14.479> piece<02:23:14.640> of<02:23:14.760> SQL<02:23:15.160> reform<02:23:15.880> if<02:23:15.960> you<02:23:16.120> couldn't align:start position:0% huge piece of SQL reform if you couldn't align:start position:0% huge piece of SQL reform if you couldn't have<02:23:16.640> private<02:23:16.960> lawsuits<02:23:17.439> under<02:23:17.600> SQL<02:23:18.040> that align:start position:0% have private lawsuits under SQL that align:start position:0% have private lawsuits under SQL that only<02:23:18.560> the<02:23:18.760> Attorney<02:23:19.120> General<02:23:19.439> could<02:23:19.640> enforce align:start position:0% only the Attorney General could enforce align:start position:0% only the Attorney General could enforce it<02:23:20.640> and<02:23:20.960> that's<02:23:21.120> what<02:23:21.279> we<02:23:21.439> do<02:23:22.080> in<02:23:22.279> this<02:23:22.439> bill<02:23:22.720> so align:start position:0% it and that's what we do in this bill so align:start position:0% it and that's what we do in this bill so I<02:23:23.720> uh<02:23:24.040> I<02:23:24.319> I<02:23:24.479> dispute<02:23:25.120> that<02:23:25.319> this<02:23:25.520> would<02:23:25.720> be<02:23:26.000> the align:start position:0% I uh I I dispute that this would be the align:start position:0% I uh I I dispute that this would be the equivalent<02:23:26.600> of<02:23:26.720> squa<02:23:27.240> for<02:23:27.439> AI<02:23:27.920> I<02:23:28.000> think<02:23:28.800> uh align:start position:0% equivalent of squa for AI I think uh align:start position:0% equivalent of squa for AI I think uh this<02:23:29.200> is<02:23:29.880> profoundly<02:23:30.439> more<02:23:30.680> narrow<02:23:31.080> than<02:23:31.200> what align:start position:0% this is profoundly more narrow than what align:start position:0% this is profoundly more narrow than what SE<02:23:31.840> let's<02:23:31.960> go<02:23:32.040> to<02:23:32.160> another align:start position:0% SE let's go to another align:start position:0% SE let's go to another question<02:23:34.319> I<02:23:34.560> got<02:23:35.000> uh<02:23:35.120> Jeremy<02:23:35.439> Nixon<02:23:35.880> founder align:start position:0% question I got uh Jeremy Nixon founder align:start position:0% question I got uh Jeremy Nixon founder and<02:23:36.279> CEO<02:23:36.800> of<02:23:37.359> omniscience<02:23:38.359> and<02:23:38.960> yeah<02:23:39.080> first<02:23:39.240> I align:start position:0% and CEO of omniscience and yeah first I align:start position:0% and CEO of omniscience and yeah first I wanted<02:23:39.479> to<02:23:39.560> thank<02:23:39.680> you<02:23:39.760> for<02:23:39.880> the<02:23:40.000> hundred align:start position:0% wanted to thank you for the hundred align:start position:0% wanted to thank you for the hundred million<02:23:40.720> ceiling<02:23:41.399> that<02:23:41.520> was<02:23:41.840> a<02:23:42.000> big align:start position:0% million ceiling that was a big align:start position:0% million ceiling that was a big Improvement<02:23:42.760> to<02:23:43.520> floor<02:23:44.279> second<02:23:44.560> floor<02:23:45.200> yeah align:start position:0% Improvement to floor second floor yeah align:start position:0% Improvement to floor second floor yeah floor<02:23:46.040> um<02:23:47.000> and<02:23:47.120> I<02:23:47.200> think<02:23:47.319> it<02:23:47.439> s<02:23:47.760> a<02:23:47.880> lot<02:23:48.000> of align:start position:0% floor um and I think it s a lot of align:start position:0% floor um and I think it s a lot of people's<02:23:48.640> very<02:23:48.880> deep<02:23:49.120> worry<02:23:49.479> that<02:23:49.760> open align:start position:0% people's very deep worry that open align:start position:0% people's very deep worry that open source<02:23:50.640> would<02:23:50.800> not<02:23:50.920> be<02:23:51.040> releasable<02:23:52.000> or<02:23:52.240> that align:start position:0% source would not be releasable or that align:start position:0% source would not be releasable or that it<02:23:52.520> would<02:23:52.640> be<02:23:52.840> hard<02:23:53.279> to<02:23:53.720> you<02:23:53.840> know<02:23:53.960> work align:start position:0% it would be hard to you know work align:start position:0% it would be hard to you know work through<02:23:54.279> government<02:23:54.600> regulation<02:23:55.080> on<02:23:55.279> mass<02:23:56.279> um align:start position:0% through government regulation on mass um align:start position:0% through government regulation on mass um my<02:23:56.760> question<02:23:57.120> is<02:23:57.760> about<02:23:58.479> meta's<02:23:58.880> decision<02:23:59.200> not align:start position:0% my question is about meta's decision not align:start position:0% my question is about meta's decision not to<02:23:59.479> release<02:23:59.800> their<02:23:59.960> multimodal<02:24:00.479> models<02:24:00.800> in align:start position:0% to release their multimodal models in align:start position:0% to release their multimodal models in the<02:24:01.000> European<02:24:01.359> Union<02:24:02.080> I<02:24:02.160> have<02:24:02.240> a<02:24:02.399> sense<02:24:02.880> that align:start position:0% the European Union I have a sense that align:start position:0% the European Union I have a sense that there's<02:24:04.479> a<02:24:04.680> potential<02:24:05.120> world<02:24:05.560> where<02:24:05.960> you<02:24:06.080> know align:start position:0% there's a potential world where you know align:start position:0% there's a potential world where you know models<02:24:06.720> like<02:24:06.880> llama<02:24:07.160> 405b<02:24:07.920> are<02:24:08.120> launched<02:24:08.880> in align:start position:0% models like llama 405b are launched in align:start position:0% models like llama 405b are launched in the<02:24:09.120> United<02:24:09.479> States<02:24:10.040> perhaps<02:24:10.359> parts<02:24:10.520> of align:start position:0% the United States perhaps parts of align:start position:0% the United States perhaps parts of Europe<02:24:10.880> that<02:24:11.000> are<02:24:11.160> not<02:24:11.479> you<02:24:11.600> know<02:24:11.840> in<02:24:12.000> onerous align:start position:0% Europe that are not you know in onerous align:start position:0% Europe that are not you know in onerous regulation<02:24:12.840> but<02:24:12.960> not<02:24:13.120> in<02:24:13.479> California<02:24:14.479> and<02:24:15.080> I align:start position:0% regulation but not in California and I align:start position:0% regulation but not in California and I guess<02:24:15.880> um<02:24:16.120> one<02:24:16.240> of<02:24:16.359> the<02:24:16.439> reasons<02:24:16.720> for<02:24:16.880> that<02:24:17.040> you align:start position:0% guess um one of the reasons for that you align:start position:0% guess um one of the reasons for that you know<02:24:17.240> is<02:24:17.399> related<02:24:17.680> to<02:24:17.840> privacy<02:24:18.319> but<02:24:18.439> I<02:24:18.560> guess align:start position:0% know is related to privacy but I guess align:start position:0% know is related to privacy but I guess um<02:24:19.600> would<02:24:19.760> you<02:24:19.880> be<02:24:20.000> working<02:24:20.720> with<02:24:21.279> you<02:24:21.399> know align:start position:0% um would you be working with you know align:start position:0% um would you be working with you know Yan<02:24:21.800> Lon<02:24:22.080> and<02:24:22.160> folit<02:24:22.479> meta<02:24:22.760> to<02:24:22.920> ensure<02:24:23.439> that align:start position:0% Yan Lon and folit meta to ensure that align:start position:0% Yan Lon and folit meta to ensure that Yan<02:24:24.640> laon<02:24:25.200> for<02:24:25.359> example<02:24:25.960> the<02:24:26.240> head<02:24:26.399> of align:start position:0% Yan laon for example the head of align:start position:0% Yan laon for example the head of Facebook<02:24:27.040> sayi<02:24:27.359> research<02:24:28.000> or<02:24:28.640> and<02:24:28.840> folk<02:24:29.120> at align:start position:0% Facebook sayi research or and folk at align:start position:0% Facebook sayi research or and folk at meta<02:24:29.560> to<02:24:29.800> ensure<02:24:30.120> that<02:24:30.279> s<02:24:30.479> SP<02:24:30.800> 1047<02:24:31.800> yeah<02:24:32.120> isn't align:start position:0% meta to ensure that s SP 1047 yeah isn't align:start position:0% meta to ensure that s SP 1047 yeah isn't onerous<02:24:33.520> to<02:24:33.680> a<02:24:33.800> point<02:24:34.040> where<02:24:34.240> they<02:24:34.359> would<02:24:34.520> not align:start position:0% onerous to a point where they would not align:start position:0% onerous to a point where they would not release<02:24:35.319> their<02:24:35.520> models<02:24:35.840> in<02:24:35.960> California<02:24:36.399> to align:start position:0% release their models in California to align:start position:0% release their models in California to begin<02:24:36.800> with<02:24:37.040> yeah<02:24:37.240> because<02:24:37.479> all<02:24:37.600> of<02:24:37.720> us<02:24:37.840> are align:start position:0% begin with yeah because all of us are align:start position:0% begin with yeah because all of us are are<02:24:38.240> fine-tuning<02:24:38.800> these<02:24:38.960> models<02:24:39.600> and<02:24:39.680> it's align:start position:0% are fine-tuning these models and it's align:start position:0% are fine-tuning these models and it's essential<02:24:40.240> to<02:24:40.359> our<02:24:40.439> businesses<02:24:40.920> and<02:24:41.040> and<02:24:41.160> I'm align:start position:0% essential to our businesses and and I'm align:start position:0% essential to our businesses and and I'm sensitive<02:24:41.760> to<02:24:41.960> that<02:24:42.120> and<02:24:42.279> I<02:24:42.399> know<02:24:42.960> you<02:24:43.120> know<02:24:43.920> a align:start position:0% sensitive to that and I know you know a align:start position:0% sensitive to that and I know you know a lot<02:24:44.160> of<02:24:44.359> people<02:24:44.520> are<02:24:44.720> relying<02:24:45.240> on<02:24:45.720> uh<02:24:46.640> on<02:24:46.960> on align:start position:0% lot of people are relying on uh on on align:start position:0% lot of people are relying on uh on on meta<02:24:47.680> and<02:24:48.120> and<02:24:48.399> making<02:24:48.600> sure<02:24:48.920> they<02:24:49.040> have align:start position:0% meta and and making sure they have align:start position:0% meta and and making sure they have access<02:24:50.439> this<02:24:50.840> bill<02:24:51.200> is<02:24:51.399> so<02:24:51.600> much<02:24:51.760> more<02:24:52.000> narrow align:start position:0% access this bill is so much more narrow align:start position:0% access this bill is so much more narrow than<02:24:53.000> the<02:24:53.720> European<02:24:54.200> Union<02:24:54.880> AI<02:24:55.760> law<02:24:56.720> um<02:24:56.920> and<02:24:57.040> as align:start position:0% than the European Union AI law um and as align:start position:0% than the European Union AI law um and as you<02:24:57.279> noted<02:24:57.800> there<02:24:57.880> are<02:24:58.040> other<02:24:58.359> issues<02:24:59.040> there align:start position:0% you noted there are other issues there align:start position:0% you noted there are other issues there as<02:24:59.399> well<02:24:59.600> it's<02:24:59.720> not<02:24:59.960> just<02:25:00.279> the<02:25:00.439> AI<02:25:00.800> law<02:25:01.120> their align:start position:0% as well it's not just the AI law their align:start position:0% as well it's not just the AI law their their<02:25:02.600> data<02:25:02.920> Privacy<02:25:03.319> Law<02:25:03.560> is<02:25:04.200> a<02:25:04.720> lot<02:25:05.720> Way align:start position:0% their data Privacy Law is a lot Way align:start position:0% their data Privacy Law is a lot Way Beyond<02:25:06.359> what<02:25:06.800> California<02:25:07.800> um<02:25:08.080> requires<02:25:09.080> so<02:25:09.720> um align:start position:0% Beyond what California um requires so um align:start position:0% Beyond what California um requires so um I<02:25:10.319> don't<02:25:10.800> I<02:25:10.880> don't<02:25:11.120> put<02:25:11.279> them<02:25:11.439> in<02:25:11.600> the<02:25:11.800> same align:start position:0% I don't I don't put them in the same align:start position:0% I don't I don't put them in the same category<02:25:13.720> um<02:25:13.880> and<02:25:14.080> we've<02:25:15.000> I<02:25:15.080> think<02:25:15.200> our<02:25:15.319> bill align:start position:0% category um and we've I think our bill align:start position:0% category um and we've I think our bill has<02:25:15.720> always<02:25:15.920> been<02:25:16.200> fairly<02:25:17.080> focused<02:25:17.880> and align:start position:0% has always been fairly focused and align:start position:0% has always been fairly focused and narrow<02:25:18.760> and<02:25:18.920> I<02:25:19.000> think<02:25:19.160> we<02:25:19.359> made<02:25:19.520> it<02:25:19.720> more<02:25:19.960> so align:start position:0% narrow and I think we made it more so align:start position:0% narrow and I think we made it more so over<02:25:21.120> time<02:25:22.120> um<02:25:22.520> I<02:25:22.680> also<02:25:23.600> um<02:25:24.319> you<02:25:24.479> know align:start position:0% over time um I also um you know align:start position:0% over time um I also um you know California<02:25:26.160> is<02:25:26.600> uh<02:25:27.439> uh<02:25:28.279> so<02:25:29.279> one<02:25:29.479> of<02:25:29.800> the<02:25:30.800> um align:start position:0% California is uh uh so one of the um align:start position:0% California is uh uh so one of the um things<02:25:31.560> we've<02:25:31.800> heard<02:25:32.240> is<02:25:32.960> companies<02:25:33.279> are align:start position:0% things we've heard is companies are align:start position:0% things we've heard is companies are going<02:25:33.520> to<02:25:33.600> leave<02:25:34.359> California<02:25:35.359> startups<02:25:35.760> are align:start position:0% going to leave California startups are align:start position:0% going to leave California startups are going<02:25:35.920> to<02:25:36.040> leave<02:25:36.279> California<02:25:36.680> they're<02:25:36.760> going align:start position:0% going to leave California they're going align:start position:0% going to leave California they're going to<02:25:37.000> develop<02:25:37.800> they're<02:25:37.920> going<02:25:38.000> to<02:25:38.120> train<02:25:38.359> their align:start position:0% to develop they're going to train their align:start position:0% to develop they're going to train their models<02:25:38.840> release<02:25:39.160> their<02:25:39.319> models<02:25:39.640> in<02:25:40.120> you<02:25:40.240> know align:start position:0% models release their models in you know align:start position:0% models release their models in you know whatever<02:25:40.760> in<02:25:40.960> Texas<02:25:41.439> or<02:25:42.319> Florida<02:25:43.040> or<02:25:43.200> some align:start position:0% whatever in Texas or Florida or some align:start position:0% whatever in Texas or Florida or some other<02:25:43.640> state<02:25:43.880> that<02:25:44.000> doesn't<02:25:44.640> let<02:25:44.840> women align:start position:0% other state that doesn't let women align:start position:0% other state that doesn't let women control<02:25:45.399> their<02:25:45.560> bodies<02:25:46.520> um<02:25:46.960> and<02:25:47.760> that<02:25:48.120> Outlaws align:start position:0% control their bodies um and that Outlaws align:start position:0% control their bodies um and that Outlaws trans<02:25:49.319> people<02:25:49.840> so<02:25:50.319> everyone's<02:25:50.640> going<02:25:50.720> to<02:25:50.800> go align:start position:0% trans people so everyone's going to go align:start position:0% trans people so everyone's going to go to<02:25:51.080> those<02:25:51.279> states<02:25:51.800> that<02:25:52.000> that's<02:25:52.160> what<02:25:52.439> we<02:25:52.600> hear align:start position:0% to those states that that's what we hear align:start position:0% to those states that that's what we hear um<02:25:54.640> I<02:25:54.720> don't<02:25:55.200> I<02:25:55.279> don't<02:25:55.399> know<02:25:55.560> that<02:25:55.760> I<02:25:56.080> agree align:start position:0% um I don't I don't know that I agree align:start position:0% um I don't I don't know that I agree with<02:25:56.560> that<02:25:57.439> um<02:25:58.080> but<02:25:58.399> in<02:25:58.600> addition<02:25:59.600> the<02:25:59.760> bill align:start position:0% with that um but in addition the bill align:start position:0% with that um but in addition the bill does<02:26:00.359> not<02:26:01.240> what<02:26:01.359> triggers<02:26:01.800> the<02:26:01.920> Bill's align:start position:0% does not what triggers the Bill's align:start position:0% does not what triggers the Bill's applicability<02:26:03.040> is<02:26:03.319> not<02:26:04.279> where<02:26:04.760> you<02:26:04.960> train align:start position:0% applicability is not where you train align:start position:0% applicability is not where you train your<02:26:05.479> model<02:26:06.399> or<02:26:06.640> where<02:26:06.840> you<02:26:07.040> release<02:26:07.479> it<02:26:08.479> it's align:start position:0% your model or where you release it it's align:start position:0% your model or where you release it it's are<02:26:09.479> you<02:26:10.080> doing<02:26:11.080> business<02:26:12.080> in<02:26:13.080> California<02:26:14.080> and align:start position:0% are you doing business in California and align:start position:0% are you doing business in California and so<02:26:14.439> you<02:26:14.560> can<02:26:15.240> go<02:26:15.399> to<02:26:15.640> Austin<02:26:16.080> or<02:26:16.399> Miami<02:26:17.399> or align:start position:0% so you can go to Austin or Miami or align:start position:0% so you can go to Austin or Miami or Omaha<02:26:18.520> and<02:26:18.680> train<02:26:18.960> the<02:26:19.080> model<02:26:19.439> there<02:26:19.560> and<02:26:19.680> do align:start position:0% Omaha and train the model there and do align:start position:0% Omaha and train the model there and do everything<02:26:20.359> there<02:26:20.880> unless<02:26:21.160> you're<02:26:21.399> going<02:26:21.600> to align:start position:0% everything there unless you're going to align:start position:0% everything there unless you're going to have<02:26:22.840> no<02:26:23.040> connection<02:26:23.439> to align:start position:0% have no connection to align:start position:0% have no connection to California<02:26:25.359> then<02:26:25.520> you're<02:26:25.760> covered<02:26:26.640> I'm align:start position:0% California then you're covered I'm align:start position:0% California then you're covered I'm skeptical<02:26:27.279> that<02:26:27.479> that<02:26:27.600> would<02:26:27.800> happen<02:26:28.160> but align:start position:0% skeptical that that would happen but align:start position:0% skeptical that that would happen but fundamentally<02:26:29.080> this<02:26:29.200> bill<02:26:29.520> I<02:26:29.560> don't<02:26:29.720> think align:start position:0% fundamentally this bill I don't think align:start position:0% fundamentally this bill I don't think you<02:26:29.960> can<02:26:30.120> compare<02:26:30.520> this<02:26:30.720> bill<02:26:31.319> to<02:26:31.560> the<02:26:31.880> AI<02:26:32.439> act align:start position:0% you can compare this bill to the AI act align:start position:0% you can compare this bill to the AI act or<02:26:33.000> whatever<02:26:33.279> its<02:26:33.520> official<02:26:33.840> name<02:26:34.080> is<02:26:34.439> in<02:26:34.600> the align:start position:0% or whatever its official name is in the align:start position:0% or whatever its official name is in the EU<02:26:35.200> this<02:26:35.319> is<02:26:35.560> much<02:26:35.760> much<02:26:36.000> narrower<02:26:36.560> than<02:26:36.920> that align:start position:0% EU this is much much narrower than that align:start position:0% EU this is much much narrower than that let's<02:26:38.120> try<02:26:38.240> to<02:26:38.359> do<02:26:38.560> two<02:26:38.880> two<02:26:39.319> quick<02:26:39.600> quick<02:26:39.760> ones align:start position:0% let's try to do two two quick quick ones align:start position:0% let's try to do two two quick quick ones uh<02:26:40.920> you<02:26:41.080> got<02:26:41.200> the<02:26:41.319> mic<02:26:41.600> uh<02:26:41.720> Hey<02:26:41.840> Senator<02:26:42.560> as<02:26:42.640> you align:start position:0% uh you got the mic uh Hey Senator as you align:start position:0% uh you got the mic uh Hey Senator as you know<02:26:42.920> I'm<02:26:43.240> a<02:26:43.359> huge<02:26:43.640> fan<02:26:43.880> thank<02:26:44.000> you<02:26:44.120> again<02:26:44.800> um align:start position:0% know I'm a huge fan thank you again um align:start position:0% know I'm a huge fan thank you again um your<02:26:45.240> your<02:26:45.359> work<02:26:45.520> in<02:26:45.640> affordable<02:26:46.000> housing<02:26:46.359> has align:start position:0% your your work in affordable housing has align:start position:0% your your work in affordable housing has has<02:26:46.680> helped<02:26:47.000> more<02:26:47.160> working-class<02:26:47.720> California align:start position:0% has helped more working-class California align:start position:0% has helped more working-class California than<02:26:48.319> pretty<02:26:48.479> much<02:26:48.600> anybody<02:26:48.880> else<02:26:49.000> I'm<02:26:49.120> more align:start position:0% than pretty much anybody else I'm more align:start position:0% than pretty much anybody else I'm more of<02:26:50.040> um<02:26:50.640> uh<02:26:51.319> thank<02:26:51.479> you<02:26:51.560> for<02:26:51.720> engaging<02:26:52.160> so<02:26:52.319> much align:start position:0% of um uh thank you for engaging so much align:start position:0% of um uh thank you for engaging so much with<02:26:53.040> 1047<02:26:54.040> uh<02:26:54.240> as<02:26:54.359> you<02:26:54.479> know<02:26:55.000> a<02:26:55.160> concern<02:26:55.560> I align:start position:0% with 1047 uh as you know a concern I align:start position:0% with 1047 uh as you know a concern I have<02:26:55.880> is<02:26:56.000> that<02:26:56.120> so<02:26:56.240> many<02:26:56.479> crucial<02:26:56.840> tools<02:26:57.439> are align:start position:0% have is that so many crucial tools are align:start position:0% have is that so many crucial tools are capable<02:26:57.960> of<02:26:58.080> both<02:26:58.319> utility<02:26:58.800> and<02:26:58.960> harm<02:26:59.560> uh<02:26:59.640> as align:start position:0% capable of both utility and harm uh as align:start position:0% capable of both utility and harm uh as an<02:26:59.880> example<02:27:00.120> I<02:27:00.200> was<02:27:00.279> talking<02:27:00.479> to<02:27:00.560> the<02:27:00.640> head<02:27:00.760> of align:start position:0% an example I was talking to the head of align:start position:0% an example I was talking to the head of DARPA<02:27:01.160> bio<02:27:01.439> yesterday<02:27:01.760> and<02:27:01.840> he<02:27:01.960> said<02:27:02.160> wow<02:27:02.359> you align:start position:0% DARPA bio yesterday and he said wow you align:start position:0% DARPA bio yesterday and he said wow you know<02:27:02.720> climate<02:27:03.000> change<02:27:03.240> is<02:27:03.399> coming<02:27:04.359> um<02:27:04.600> we<02:27:04.720> need align:start position:0% know climate change is coming um we need align:start position:0% know climate change is coming um we need to<02:27:04.920> be<02:27:05.000> able<02:27:05.120> to<02:27:05.200> re-engineer<02:27:05.680> crops<02:27:05.960> for align:start position:0% to be able to re-engineer crops for align:start position:0% to be able to re-engineer crops for better<02:27:06.520> drought<02:27:06.880> resistance<02:27:07.319> pest align:start position:0% better drought resistance pest align:start position:0% better drought resistance pest resistance<02:27:08.880> all<02:27:09.000> of<02:27:09.120> the<02:27:09.279> AI<02:27:09.520> tools<02:27:09.800> that align:start position:0% resistance all of the AI tools that align:start position:0% resistance all of the AI tools that would<02:27:10.040> really<02:27:10.200> unlock<02:27:10.680> this<02:27:10.960> probably<02:27:11.279> could align:start position:0% would really unlock this probably could align:start position:0% would really unlock this probably could be<02:27:11.600> used<02:27:11.960> for<02:27:12.240> for<02:27:12.439> critical<02:27:12.800> harm<02:27:13.760> and<02:27:13.920> he align:start position:0% be used for for critical harm and he align:start position:0% be used for for critical harm and he said<02:27:14.399> I<02:27:14.479> would<02:27:14.640> be<02:27:14.760> dismayed<02:27:15.359> if<02:27:15.560> researchers align:start position:0% said I would be dismayed if researchers align:start position:0% said I would be dismayed if researchers large<02:27:16.439> and<02:27:16.560> small<02:27:16.880> Across<02:27:17.120> the<02:27:17.200> Nation<02:27:17.479> did align:start position:0% large and small Across the Nation did align:start position:0% large and small Across the Nation did not<02:27:17.800> have<02:27:18.040> access<02:27:18.319> to<02:27:18.479> these<02:27:18.640> tools<02:27:19.040> which align:start position:0% not have access to these tools which align:start position:0% not have access to these tools which which<02:27:19.520> inherently<02:27:19.960> could<02:27:20.200> do<02:27:20.359> harm<02:27:21.120> uh<02:27:21.279> so<02:27:21.680> I<02:27:21.880> I align:start position:0% which inherently could do harm uh so I I align:start position:0% which inherently could do harm uh so I I I<02:27:22.200> love<02:27:22.399> so<02:27:22.560> many<02:27:22.680> of<02:27:22.760> the<02:27:22.840> controls<02:27:23.160> youve<02:27:23.359> put align:start position:0% I love so many of the controls youve put align:start position:0% I love so many of the controls youve put in<02:27:23.680> but<02:27:23.760> I<02:27:23.840> am<02:27:24.080> curious<02:27:25.040> if<02:27:25.160> fundamentally<02:27:25.680> if align:start position:0% in but I am curious if fundamentally if align:start position:0% in but I am curious if fundamentally if there<02:27:26.000> is<02:27:26.240> a<02:27:26.479> a<02:27:26.720> a<02:27:27.240> a<02:27:27.399> a<02:27:27.560> duty<02:27:27.800> of<02:27:27.960> reasonable align:start position:0% there is a a a a a duty of reasonable align:start position:0% there is a a a a a duty of reasonable care<02:27:28.680> which<02:27:28.800> is<02:27:28.920> tied<02:27:29.200> to<02:27:29.279> the<02:27:29.399> quality<02:27:29.680> of<02:27:29.760> the align:start position:0% care which is tied to the quality of the align:start position:0% care which is tied to the quality of the Safety<02:27:30.120> and<02:27:30.279> Security<02:27:30.680> protocol<02:27:31.680> uh<02:27:31.800> or<02:27:32.000> or align:start position:0% Safety and Security protocol uh or or align:start position:0% Safety and Security protocol uh or or the<02:27:32.240> responsibility<02:27:32.760> doing<02:27:32.920> no<02:27:33.040> critical align:start position:0% the responsibility doing no critical align:start position:0% the responsibility doing no critical harm<02:27:33.840> how<02:27:33.920> do<02:27:34.040> we<02:27:34.200> navigate<02:27:34.600> that<02:27:34.800> with<02:27:34.960> tools align:start position:0% harm how do we navigate that with tools align:start position:0% harm how do we navigate that with tools that<02:27:35.479> should<02:27:35.680> be<02:27:36.000> available<02:27:36.399> to<02:27:36.520> the<02:27:36.600> general align:start position:0% that should be available to the general align:start position:0% that should be available to the general public<02:27:37.680> but<02:27:37.840> which<02:27:38.000> could<02:27:38.160> fundamentally<02:27:38.600> do align:start position:0% public but which could fundamentally do align:start position:0% public but which could fundamentally do harm<02:27:39.359> yeah<02:27:39.600> and<02:27:39.840> and<02:27:40.080> I<02:27:40.200> thank<02:27:40.319> you<02:27:40.399> for<02:27:40.600> your align:start position:0% harm yeah and and I thank you for your align:start position:0% harm yeah and and I thank you for your uh<02:27:41.279> very<02:27:41.479> detailed<02:27:41.920> engagement<02:27:42.479> I<02:27:42.800> appreciate align:start position:0% uh very detailed engagement I appreciate align:start position:0% uh very detailed engagement I appreciate it<02:27:43.960> um<02:27:44.960> uh<02:27:45.680> so<02:27:46.240> there's<02:27:46.479> been<02:27:46.760> an<02:27:47.040> uh<02:27:47.479> some align:start position:0% it um uh so there's been an uh some align:start position:0% it um uh so there's been an uh some people<02:27:48.520> have<02:27:49.080> and<02:27:49.200> I<02:27:49.520> understand<02:27:49.640> we<02:27:49.760> all<02:27:49.880> use align:start position:0% people have and I understand we all use align:start position:0% people have and I understand we all use sort<02:27:50.760> of<02:27:51.279> um<02:27:52.000> jargon<02:27:52.399> and<02:27:52.560> shortcut<02:27:53.200> language align:start position:0% sort of um jargon and shortcut language align:start position:0% sort of um jargon and shortcut language um<02:27:54.960> and<02:27:55.080> we've<02:27:55.240> seen<02:27:55.439> this<02:27:55.560> in<02:27:55.680> some<02:27:55.760> of<02:27:55.880> the align:start position:0% um and we've seen this in some of the align:start position:0% um and we've seen this in some of the letters<02:27:56.439> from<02:27:56.600> some<02:27:56.720> of<02:27:56.800> the<02:27:56.920> big<02:27:57.120> tech align:start position:0% letters from some of the big tech align:start position:0% letters from some of the big tech companies<02:27:57.880> about<02:27:58.160> how<02:27:58.960> the<02:27:59.520> um<02:27:59.720> the<02:27:59.840> bill align:start position:0% companies about how the um the bill align:start position:0% companies about how the um the bill requires<02:28:00.720> that<02:28:00.880> you<02:28:01.359> like<02:28:02.160> certify<02:28:02.880> that<02:28:03.000> it align:start position:0% requires that you like certify that it align:start position:0% requires that you like certify that it can't<02:28:03.439> do<02:28:03.680> anything<02:28:04.439> harmful<02:28:04.880> or<02:28:05.319> whatever align:start position:0% can't do anything harmful or whatever align:start position:0% can't do anything harmful or whatever similar<02:28:06.680> language<02:28:07.000> to<02:28:07.200> that<02:28:07.520> which<02:28:07.640> is<02:28:07.800> not align:start position:0% similar language to that which is not align:start position:0% similar language to that which is not what<02:28:08.120> the<02:28:08.240> bill<02:28:09.120> uh<02:28:09.240> requires<02:28:09.800> right<02:28:09.920> now<02:28:10.080> we align:start position:0% what the bill uh requires right now we align:start position:0% what the bill uh requires right now we have<02:28:10.359> a<02:28:10.720> reasonable<02:28:11.439> Assurance<02:28:12.000> we're align:start position:0% have a reasonable Assurance we're align:start position:0% have a reasonable Assurance we're looking<02:28:12.520> at<02:28:12.800> that<02:28:13.600> um<02:28:14.200> language<02:28:14.760> and<02:28:14.920> I<02:28:15.080> think align:start position:0% looking at that um language and I think align:start position:0% looking at that um language and I think and<02:28:15.479> I<02:28:16.120> I<02:28:16.279> I<02:28:16.359> would<02:28:16.520> not<02:28:16.680> be<02:28:16.840> shocked<02:28:17.319> if<02:28:17.560> that align:start position:0% and I I I would not be shocked if that align:start position:0% and I I I would not be shocked if that um<02:28:19.000> got<02:28:20.000> uh<02:28:20.439> massage<02:28:21.439> again<02:28:21.640> we're<02:28:21.840> not align:start position:0% um got uh massage again we're not align:start position:0% um got uh massage again we're not looking<02:28:22.640> to<02:28:23.200> the<02:28:23.399> goal<02:28:23.680> here<02:28:23.880> is<02:28:24.120> not<02:28:24.359> to align:start position:0% looking to the goal here is not to align:start position:0% looking to the goal here is not to eliminate align:start position:0% eliminate align:start position:0% eliminate risk<02:28:27.080> like<02:28:27.399> you<02:28:27.479> know<02:28:28.319> you<02:28:28.439> eliminate<02:28:28.880> Risk<02:28:29.160> by align:start position:0% risk like you know you eliminate Risk by align:start position:0% risk like you know you eliminate Risk by living<02:28:29.520> in<02:28:29.640> your<02:28:29.800> basement<02:28:30.479> and<02:28:30.640> never<02:28:30.880> go<02:28:31.080> and align:start position:0% living in your basement and never go and align:start position:0% living in your basement and never go and even<02:28:31.399> then<02:28:31.520> there's<02:28:31.760> risk<02:28:32.080> because<02:28:32.279> the align:start position:0% even then there's risk because the align:start position:0% even then there's risk because the ceiling<02:28:33.160> could<02:28:33.319> still<02:28:33.600> collapse<02:28:34.600> on<02:28:34.840> you<02:28:35.240> or align:start position:0% ceiling could still collapse on you or align:start position:0% ceiling could still collapse on you or building<02:28:36.600> could<02:28:36.800> catch<02:28:37.000> on<02:28:37.240> fire<02:28:37.520> so<02:28:37.760> there align:start position:0% building could catch on fire so there align:start position:0% building could catch on fire so there like<02:28:38.040> literally<02:28:38.439> there's<02:28:38.720> no<02:28:39.399> human<02:28:39.920> way<02:28:40.279> to align:start position:0% like literally there's no human way to align:start position:0% like literally there's no human way to eliminate<02:28:40.960> risk<02:28:41.399> life<02:28:41.960> is<02:28:42.160> about<02:28:43.040> risk<02:28:43.960> but<02:28:44.160> we align:start position:0% eliminate risk life is about risk but we align:start position:0% eliminate risk life is about risk but we also<02:28:44.640> as<02:28:44.760> human<02:28:45.000> beings<02:28:45.479> like<02:28:45.600> to<02:28:45.760> try<02:28:45.920> to<02:28:46.120> do align:start position:0% also as human beings like to try to do align:start position:0% also as human beings like to try to do things<02:28:47.000> if<02:28:47.160> it<02:28:47.399> if<02:28:47.520> it's<02:28:48.000> if<02:28:48.120> it's<02:28:48.359> reasonable align:start position:0% things if it if it's if it's reasonable align:start position:0% things if it if it's if it's reasonable if<02:28:49.120> we<02:28:49.200> can<02:28:49.319> find<02:28:49.439> a<02:28:49.600> reasonable<02:28:50.160> way<02:28:50.279> to<02:28:50.439> make align:start position:0% if we can find a reasonable way to make align:start position:0% if we can find a reasonable way to make the<02:28:50.960> risk<02:28:51.520> less<02:28:52.520> right<02:28:52.840> like<02:28:53.479> lower<02:28:53.840> the<02:28:54.000> risk align:start position:0% the risk less right like lower the risk align:start position:0% the risk less right like lower the risk of<02:28:54.319> the<02:28:54.439> builder<02:28:54.880> of<02:28:55.000> the<02:28:55.080> building<02:28:55.600> Burning align:start position:0% of the builder of the building Burning align:start position:0% of the builder of the building Burning Down<02:28:56.560> by<02:28:56.880> and<02:28:57.040> or<02:28:57.200> the<02:28:57.560> roof<02:28:57.880> collapsing<02:28:58.319> on align:start position:0% Down by and or the roof collapsing on align:start position:0% Down by and or the roof collapsing on your<02:28:58.600> head<02:28:58.840> by<02:28:59.000> having<02:28:59.479> building<02:28:59.880> codes<02:29:00.840> we align:start position:0% your head by having building codes we align:start position:0% your head by having building codes we don't<02:29:01.279> put<02:29:01.439> building<02:29:01.760> codes<02:29:02.080> in<02:29:02.279> place<02:29:02.520> that align:start position:0% don't put building codes in place that align:start position:0% don't put building codes in place that are<02:29:02.880> like<02:29:03.399> over<02:29:03.680> the<02:29:04.080> top<02:29:05.080> uh<02:29:05.240> to<02:29:05.600> to<02:29:05.720> make<02:29:05.880> it align:start position:0% are like over the top uh to to make it align:start position:0% are like over the top uh to to make it because<02:29:06.640> that<02:29:06.880> might<02:29:07.080> make<02:29:07.200> it<02:29:07.399> impossible<02:29:07.840> to align:start position:0% because that might make it impossible to align:start position:0% because that might make it impossible to build<02:29:08.200> the<02:29:08.319> building<02:29:08.760> and<02:29:08.920> that's<02:29:09.359> our align:start position:0% build the building and that's our align:start position:0% build the building and that's our Approach<02:29:09.840> at<02:29:10.279> 1047<02:29:11.279> we<02:29:11.399> want<02:29:11.520> to<02:29:12.080> just<02:29:12.760> you align:start position:0% Approach at 1047 we want to just you align:start position:0% Approach at 1047 we want to just you know<02:29:13.040> create<02:29:13.319> incentives<02:29:13.760> to<02:29:13.880> take align:start position:0% know create incentives to take align:start position:0% know create incentives to take reasonable<02:29:14.680> steps<02:29:15.000> to<02:29:15.200> reduce<02:29:15.680> risk<02:29:16.680> not<02:29:16.920> to align:start position:0% reasonable steps to reduce risk not to align:start position:0% reasonable steps to reduce risk not to like<02:29:18.240> you<02:29:18.319> know<02:29:18.479> you<02:29:18.600> have<02:29:18.720> to<02:29:18.840> sign<02:29:19.080> an<02:29:19.279> oath align:start position:0% like you know you have to sign an oath align:start position:0% like you know you have to sign an oath that<02:29:20.120> nothing<02:29:20.479> harmful<02:29:20.960> can<02:29:21.200> ever<02:29:21.520> happen align:start position:0% that nothing harmful can ever happen align:start position:0% that nothing harmful can ever happen from<02:29:21.920> your<02:29:22.080> model<02:29:22.399> that's<02:29:22.560> not<02:29:22.760> what<02:29:22.880> we're align:start position:0% from your model that's not what we're align:start position:0% from your model that's not what we're asking<02:29:23.640> for<02:29:24.640> uh<02:29:24.840> and<02:29:25.080> again<02:29:25.319> if<02:29:25.439> there<02:29:25.560> is align:start position:0% asking for uh and again if there is align:start position:0% asking for uh and again if there is specific<02:29:26.600> language<02:29:27.080> that<02:29:27.760> just<02:29:27.960> like<02:29:28.200> with align:start position:0% specific language that just like with align:start position:0% specific language that just like with the<02:29:29.120> um<02:29:29.760> the<02:29:30.000> idea<02:29:30.479> that<02:29:31.279> uh<02:29:31.720> if<02:29:31.840> you<02:29:32.040> release align:start position:0% the um the idea that uh if you release align:start position:0% the um the idea that uh if you release the<02:29:32.600> model<02:29:32.920> and<02:29:33.000> you<02:29:33.160> no<02:29:33.359> longer<02:29:33.720> have align:start position:0% the model and you no longer have align:start position:0% the model and you no longer have possession<02:29:34.359> of<02:29:34.520> it<02:29:35.399> um<02:29:35.840> you<02:29:35.920> know<02:29:36.319> whether<02:29:36.600> you align:start position:0% possession of it um you know whether you align:start position:0% possession of it um you know whether you should<02:29:36.960> be<02:29:37.240> responsible<02:29:37.840> for<02:29:38.279> being<02:29:38.479> able<02:29:38.640> to align:start position:0% should be responsible for being able to align:start position:0% should be responsible for being able to shut<02:29:38.920> it<02:29:39.040> down<02:29:39.399> we<02:29:39.880> our<02:29:40.040> intent<02:29:40.359> from<02:29:40.479> the align:start position:0% shut it down we our intent from the align:start position:0% shut it down we our intent from the beginning<02:29:40.880> of<02:29:40.960> the<02:29:41.080> bill<02:29:41.600> was<02:29:41.760> that<02:29:41.880> you align:start position:0% beginning of the bill was that you align:start position:0% beginning of the bill was that you shouldn't<02:29:42.279> be<02:29:42.520> responsible<02:29:43.200> if<02:29:43.399> if<02:29:43.479> you<02:29:43.600> no align:start position:0% shouldn't be responsible if if you no align:start position:0% shouldn't be responsible if if you no longer<02:29:44.080> have<02:29:44.240> possession<02:29:44.880> but<02:29:45.000> there<02:29:45.120> were align:start position:0% longer have possession but there were align:start position:0% longer have possession but there were people<02:29:45.560> who<02:29:45.720> said<02:29:46.240> the<02:29:46.399> language<02:29:46.760> isn't<02:29:47.040> so align:start position:0% people who said the language isn't so align:start position:0% people who said the language isn't so clear<02:29:48.240> and<02:29:48.359> so<02:29:48.680> we<02:29:48.840> went<02:29:49.040> and<02:29:49.160> we<02:29:49.319> made<02:29:49.479> it align:start position:0% clear and so we went and we made it align:start position:0% clear and so we went and we made it clear<02:29:50.240> and<02:29:50.359> that<02:29:50.520> applies<02:29:50.880> to<02:29:51.120> other<02:29:51.960> um<02:29:52.160> areas align:start position:0% clear and that applies to other um areas align:start position:0% clear and that applies to other um areas as<02:29:52.720> well<02:29:52.960> because<02:29:53.080> there<02:29:53.160> are<02:29:53.359> times<02:29:53.600> when<02:29:53.800> we align:start position:0% as well because there are times when we align:start position:0% as well because there are times when we think<02:29:54.120> it's<02:29:54.319> clear<02:29:54.800> but<02:29:54.920> someone<02:29:55.200> else<02:29:55.399> says align:start position:0% think it's clear but someone else says align:start position:0% think it's clear but someone else says you<02:29:55.720> know<02:29:55.920> what<02:29:56.200> this<02:29:56.319> is<02:29:56.479> a<02:29:56.640> little<02:29:57.399> vague<02:29:58.240> um align:start position:0% you know what this is a little vague um align:start position:0% you know what this is a little vague um and<02:29:58.520> we<02:29:58.600> want<02:29:58.720> to<02:29:58.880> know<02:29:59.200> that<02:29:59.439> and<02:29:59.560> so<02:29:59.840> D<02:30:00.120> I align:start position:0% and we want to know that and so D I align:start position:0% and we want to know that and so D I appreciate<02:30:00.840> like<02:30:01.000> that<02:30:01.120> you've<02:30:01.279> been<02:30:01.880> you align:start position:0% appreciate like that you've been you align:start position:0% appreciate like that you've been you know<02:30:02.240> trying<02:30:02.479> to<02:30:02.880> help<02:30:03.080> us<02:30:03.240> with<02:30:03.399> that<02:30:03.760> I<02:30:03.840> think align:start position:0% know trying to help us with that I think align:start position:0% know trying to help us with that I think we're<02:30:04.200> GNA<02:30:04.399> do<02:30:04.600> one<02:30:04.800> final<02:30:05.120> question<02:30:05.479> we're align:start position:0% we're GNA do one final question we're align:start position:0% we're GNA do one final question we're gonna<02:30:05.800> have<02:30:06.000> be<02:30:06.160> really<02:30:06.359> quick<02:30:06.560> because<02:30:06.680> we're align:start position:0% gonna have be really quick because we're align:start position:0% gonna have be really quick because we're about<02:30:07.080> 10<02:30:07.279> minutes<02:30:07.600> over<02:30:08.000> and<02:30:08.120> I<02:30:08.200> want align:start position:0% about 10 minutes over and I want align:start position:0% about 10 minutes over and I want everybody<02:30:08.640> to<02:30:08.920> stay<02:30:09.160> in<02:30:09.240> their<02:30:09.359> seats<02:30:09.640> for<02:30:09.840> the align:start position:0% everybody to stay in their seats for the align:start position:0% everybody to stay in their seats for the uh<02:30:11.040> uh<02:30:11.160> surprise<02:30:11.640> speaker<02:30:11.960> at<02:30:12.080> the<02:30:12.200> end<02:30:13.000> uh<02:30:13.279> I align:start position:0% uh uh surprise speaker at the end uh I align:start position:0% uh uh surprise speaker at the end uh I want<02:30:13.479> to<02:30:13.560> know<02:30:13.680> who<02:30:13.800> the<02:30:13.880> surprise align:start position:0% want to know who the surprise align:start position:0% want to know who the surprise speaker<02:30:17.160> hi<02:30:17.439> Senator<02:30:18.040> uh<02:30:18.200> Angela<02:30:18.600> Hoover<02:30:19.040> from align:start position:0% speaker hi Senator uh Angela Hoover from align:start position:0% speaker hi Senator uh Angela Hoover from Andy align:start position:0% Andy align:start position:0% Andy uh<02:30:21.359> I<02:30:21.520> really<02:30:21.720> appreciate<02:30:22.080> you<02:30:22.240> being<02:30:22.479> here align:start position:0% uh I really appreciate you being here align:start position:0% uh I really appreciate you being here and<02:30:22.760> being<02:30:22.960> open<02:30:23.160> to<02:30:23.319> having<02:30:23.520> the align:start position:0% and being open to having the align:start position:0% and being open to having the conversation<02:30:24.479> I<02:30:24.600> think<02:30:24.920> my<02:30:25.120> biggest<02:30:25.479> concern align:start position:0% conversation I think my biggest concern align:start position:0% conversation I think my biggest concern with<02:30:26.200> SB<02:30:26.720> 1047<02:30:27.720> is<02:30:28.200> to<02:30:28.359> do<02:30:28.520> with<02:30:28.720> competition align:start position:0% with SB 1047 is to do with competition align:start position:0% with SB 1047 is to do with competition and<02:30:29.439> I<02:30:29.520> think<02:30:29.720> compliance<02:30:30.240> got<02:30:30.439> brought<02:30:30.640> up align:start position:0% and I think compliance got brought up align:start position:0% and I think compliance got brought up before<02:30:31.520> it's<02:30:31.640> a<02:30:31.800> huge<02:30:32.040> concern<02:30:32.399> for<02:30:32.600> me<02:30:33.000> I<02:30:33.080> mean align:start position:0% before it's a huge concern for me I mean align:start position:0% before it's a huge concern for me I mean you<02:30:33.920> know<02:30:35.080> monopolies<02:30:36.080> if<02:30:36.160> you<02:30:36.279> take<02:30:36.399> search align:start position:0% you know monopolies if you take search align:start position:0% you know monopolies if you take search for<02:30:36.960> example<02:30:37.479> already<02:30:38.000> have<02:30:38.640> so<02:30:38.920> much<02:30:39.439> going align:start position:0% for example already have so much going align:start position:0% for example already have so much going for<02:30:40.040> them<02:30:40.840> and<02:30:41.120> when<02:30:41.240> it<02:30:41.359> comes<02:30:41.520> to<02:30:41.720> small align:start position:0% for them and when it comes to small align:start position:0% for them and when it comes to small startups<02:30:42.840> the<02:30:43.040> cost<02:30:43.319> of<02:30:43.560> you<02:30:43.720> know<02:30:44.160> half<02:30:44.279> a align:start position:0% startups the cost of you know half a align:start position:0% startups the cost of you know half a million<02:30:44.720> dollars<02:30:45.000> a<02:30:45.120> year<02:30:45.240> is<02:30:45.439> just<02:30:45.600> not align:start position:0% million dollars a year is just not align:start position:0% million dollars a year is just not feasible<02:30:46.479> for<02:30:46.920> little<02:30:47.279> Tech<02:30:48.000> and<02:30:48.160> so<02:30:48.680> I'm<02:30:48.880> kind align:start position:0% feasible for little Tech and so I'm kind align:start position:0% feasible for little Tech and so I'm kind of<02:30:49.080> curious<02:30:49.359> to<02:30:49.520> get<02:30:49.640> your<02:30:50.120> opinion<02:30:50.479> on<02:30:50.920> if<02:30:51.040> you align:start position:0% of curious to get your opinion on if you align:start position:0% of curious to get your opinion on if you think<02:30:51.319> that<02:30:51.479> this<02:30:51.560> is<02:30:51.680> going<02:30:51.760> to<02:30:51.880> stifle align:start position:0% think that this is going to stifle align:start position:0% think that this is going to stifle competition<02:30:52.840> and<02:30:53.000> actually<02:30:53.680> lock<02:30:54.080> little align:start position:0% competition and actually lock little align:start position:0% competition and actually lock little Tech<02:30:54.840> out<02:30:55.000> of<02:30:55.279> being<02:30:55.479> able<02:30:55.640> to<02:30:55.800> compete<02:30:56.240> in<02:30:56.399> the align:start position:0% Tech out of being able to compete in the align:start position:0% Tech out of being able to compete in the AI<02:30:56.880> space<02:30:57.840> that<02:30:58.120> that<02:30:58.240> is<02:30:58.479> certainly<02:30:58.920> not<02:30:59.160> my align:start position:0% AI space that that is certainly not my align:start position:0% AI space that that is certainly not my goal<02:31:00.200> and<02:31:00.319> I<02:31:00.399> don't<02:31:00.680> think<02:31:01.000> that<02:31:01.439> it<02:31:01.600> will<02:31:01.920> and align:start position:0% goal and I don't think that it will and align:start position:0% goal and I don't think that it will and that's<02:31:02.520> again<02:31:02.800> why<02:31:03.000> we<02:31:03.399> we<02:31:03.760> put<02:31:04.040> this<02:31:04.319> the align:start position:0% that's again why we we put this the align:start position:0% that's again why we we put this the hundred<02:31:04.720> million<02:31:05.600> training<02:31:06.040> threshold<02:31:06.560> if align:start position:0% hundred million training threshold if align:start position:0% hundred million training threshold if you<02:31:06.800> are<02:31:07.200> spending<02:31:07.800> less<02:31:08.000> than<02:31:08.160> $100<02:31:08.520> million align:start position:0% you are spending less than $100 million align:start position:0% you are spending less than $100 million and<02:31:09.439> it's<02:31:09.640> tied<02:31:09.880> to<02:31:10.000> inflation<02:31:10.680> if<02:31:10.760> you<02:31:10.880> are align:start position:0% and it's tied to inflation if you are align:start position:0% and it's tied to inflation if you are spending<02:31:11.479> less<02:31:11.640> than<02:31:11.760> $100<02:31:12.080> million<02:31:12.680> to<02:31:12.840> train align:start position:0% spending less than $100 million to train align:start position:0% spending less than $100 million to train your<02:31:13.920> model<02:31:14.920> then<02:31:15.359> you<02:31:15.720> you're<02:31:15.920> not<02:31:16.160> you're align:start position:0% your model then you you're not you're align:start position:0% your model then you you're not you're simply<02:31:16.640> not<02:31:16.840> covered<02:31:17.359> by<02:31:17.520> the<02:31:17.640> bill<02:31:18.560> um<02:31:19.040> at<02:31:19.200> all align:start position:0% simply not covered by the bill um at all align:start position:0% simply not covered by the bill um at all um<02:31:20.600> there<02:31:20.800> are<02:31:21.479> threats<02:31:22.479> uh<02:31:22.680> to<02:31:23.439> competition align:start position:0% um there are threats uh to competition align:start position:0% um there are threats uh to competition um<02:31:24.880> and<02:31:25.240> and<02:31:25.359> there<02:31:25.520> are<02:31:25.760> and<02:31:25.880> we<02:31:26.000> know<02:31:26.399> that align:start position:0% um and and there are and we know that align:start position:0% um and and there are and we know that there's<02:31:26.720> a<02:31:26.880> history<02:31:27.200> in<02:31:27.399> Tech<02:31:27.800> of<02:31:28.160> big<02:31:28.439> Tech align:start position:0% there's a history in Tech of big Tech align:start position:0% there's a history in Tech of big Tech big<02:31:28.960> tech<02:31:29.200> companies<02:31:29.600> trying<02:31:29.800> to<02:31:30.160> squash<02:31:31.160> the align:start position:0% big tech companies trying to squash the align:start position:0% big tech companies trying to squash the little<02:31:31.560> tech<02:31:31.840> companies<02:31:32.640> and<02:31:32.840> those<02:31:33.200> threats align:start position:0% little tech companies and those threats align:start position:0% little tech companies and those threats are<02:31:34.479> right<02:31:34.840> now<02:31:35.160> with<02:31:35.479> vertical<02:31:35.880> integration align:start position:0% are right now with vertical integration align:start position:0% are right now with vertical integration and<02:31:37.080> and<02:31:37.240> around<02:31:38.000> uh<02:31:38.600> chips<02:31:39.399> and<02:31:39.840> and<02:31:40.080> compute align:start position:0% and and around uh chips and and compute align:start position:0% and and around uh chips and and compute and<02:31:41.160> Staffing<02:31:41.800> and<02:31:42.000> data<02:31:42.479> and<02:31:43.000> and<02:31:43.200> the<02:31:43.359> big align:start position:0% and Staffing and data and and the big align:start position:0% and Staffing and data and and the big labs<02:31:44.279> and<02:31:44.399> the<02:31:44.479> big<02:31:44.640> companies<02:31:45.040> gobbling<02:31:45.880> up align:start position:0% labs and the big companies gobbling up align:start position:0% labs and the big companies gobbling up um<02:31:46.760> a<02:31:46.840> lot<02:31:46.960> of<02:31:47.160> those<02:31:47.600> resources<02:31:48.479> that<02:31:48.640> to<02:31:48.840> me align:start position:0% um a lot of those resources that to me align:start position:0% um a lot of those resources that to me is<02:31:49.479> the<02:31:49.920> the<02:31:50.080> threat<02:31:50.680> not<02:31:51.319> not<02:31:51.680> this<02:31:52.319> bill<02:31:53.080> and align:start position:0% is the the threat not not this bill and align:start position:0% is the the threat not not this bill and I<02:31:53.359> will<02:31:53.640> also<02:31:54.640> um<02:31:55.319> stress<02:31:56.319> that<02:31:57.120> Google<02:31:57.600> and align:start position:0% I will also um stress that Google and align:start position:0% I will also um stress that Google and meta<02:31:58.720> so<02:31:59.000> not<02:31:59.279> not<02:31:59.560> just<02:32:00.240> not<02:32:00.439> just<02:32:00.640> meta<02:32:01.160> but align:start position:0% meta so not not just not just meta but align:start position:0% meta so not not just not just meta but Google<02:32:01.680> as<02:32:01.840> well<02:32:02.319> are<02:32:02.600> opposing<02:32:03.080> the<02:32:03.520> bill<02:32:04.520> so align:start position:0% Google as well are opposing the bill so align:start position:0% Google as well are opposing the bill so the<02:32:04.920> companies<02:32:05.399> that<02:32:05.560> have<02:32:05.680> a<02:32:05.920> history<02:32:06.880> no align:start position:0% the companies that have a history no align:start position:0% the companies that have a history no offense<02:32:07.760> it's<02:32:07.880> just<02:32:08.080> like<02:32:08.439> what<02:32:08.680> it<02:32:09.120> large align:start position:0% offense it's just like what it large align:start position:0% offense it's just like what it large companies<02:32:10.040> what<02:32:10.200> they<02:32:10.319> do<02:32:10.760> and<02:32:10.920> that's<02:32:11.080> why<02:32:11.240> we align:start position:0% companies what they do and that's why we align:start position:0% companies what they do and that's why we like<02:32:11.680> to<02:32:11.800> have<02:32:11.960> Pro<02:32:12.240> competition<02:32:12.800> laws<02:32:13.800> uh align:start position:0% like to have Pro competition laws uh align:start position:0% like to have Pro competition laws uh which<02:32:14.359> I<02:32:14.520> appreciate<02:32:14.920> that<02:32:15.120> YC<02:32:15.800> has<02:32:15.960> been<02:32:16.080> a align:start position:0% which I appreciate that YC has been a align:start position:0% which I appreciate that YC has been a strong<02:32:16.479> supporter<02:32:16.880> of<02:32:17.040> pro<02:32:17.279> competition<02:32:17.640> laws align:start position:0% strong supporter of pro competition laws align:start position:0% strong supporter of pro competition laws we<02:32:18.479> have<02:32:18.720> to<02:32:18.960> try<02:32:19.160> to<02:32:19.479> and<02:32:20.000> and<02:32:20.200> antitrust<02:32:21.080> and align:start position:0% we have to try to and and antitrust and align:start position:0% we have to try to and and antitrust and amazing<02:32:21.920> people<02:32:22.120> like<02:32:22.319> Lena<02:32:22.680> Khan<02:32:23.640> to<02:32:23.840> try<02:32:24.120> to align:start position:0% amazing people like Lena Khan to try to align:start position:0% amazing people like Lena Khan to try to stop<02:32:25.279> the<02:32:25.439> big<02:32:25.640> companies<02:32:26.120> from<02:32:26.319> engaging<02:32:26.680> in align:start position:0% stop the big companies from engaging in align:start position:0% stop the big companies from engaging in that<02:32:26.920> predatory<02:32:27.680> behavior<02:32:28.680> this<02:32:28.800> bill<02:32:29.080> is<02:32:29.200> not align:start position:0% that predatory behavior this bill is not align:start position:0% that predatory behavior this bill is not going<02:32:29.600> to<02:32:30.040> empower<02:32:31.040> uh<02:32:31.200> that<02:32:31.359> behavior<02:32:31.800> and align:start position:0% going to empower uh that behavior and align:start position:0% going to empower uh that behavior and that's<02:32:32.120> why<02:32:32.240> we<02:32:32.399> limited<02:32:32.800> it<02:32:33.200> to<02:32:33.640> these<02:32:33.960> really align:start position:0% that's why we limited it to these really align:start position:0% that's why we limited it to these really huge<02:32:35.200> models<02:32:35.720> we<02:32:35.920> think<02:32:36.160> that<02:32:36.680> startups<02:32:37.680> um align:start position:0% huge models we think that startups um align:start position:0% huge models we think that startups um are<02:32:38.200> are<02:32:38.960> overwhelmingly<02:32:39.640> not<02:32:39.800> even<02:32:40.000> going<02:32:40.120> to align:start position:0% are are overwhelmingly not even going to align:start position:0% are are overwhelmingly not even going to be<02:32:40.439> covered<02:32:41.279> uh<02:32:41.399> by<02:32:41.520> the<02:32:41.680> law<02:32:42.240> at<02:32:42.800> all<02:32:43.800> all align:start position:0% be covered uh by the law at all all align:start position:0% be covered uh by the law at all all right<02:32:44.880> everybody<02:32:45.319> please<02:32:45.920> uh<02:32:46.520> give<02:32:47.040> a<02:32:47.640> great align:start position:0% right everybody please uh give a great align:start position:0% right everybody please uh give a great thank<02:32:48.160> you<02:32:48.359> to<02:32:48.760> Senator<02:32:49.080> weer<02:32:49.439> thank<02:32:49.560> you<02:32:49.640> so align:start position:0% thank you to Senator weer thank you so align:start position:0% thank you to Senator weer thank you so much<02:32:50.040> for<02:32:50.160> coming<02:32:50.319> CER<02:32:50.640> appreciate<02:32:51.000> it<02:32:51.760> anine align:start position:0% much for coming CER appreciate it anine align:start position:0% much for coming CER appreciate it anine gabari<02:32:53.080> from align:start position:0% gabari from align:start position:0% gabari from Bloomberg<02:32:55.000> okay<02:32:55.240> so<02:32:56.240> uh<02:32:56.800> we<02:32:56.920> were<02:32:57.640> uh<02:32:57.960> you<02:32:58.120> know align:start position:0% Bloomberg okay so uh we were uh you know align:start position:0% Bloomberg okay so uh we were uh you know in<02:32:58.680> in<02:32:58.800> the<02:32:58.960> chaos<02:32:59.279> of<02:32:59.479> lunch<02:32:59.800> I<02:32:59.880> was<02:33:00.000> sort<02:33:00.160> of align:start position:0% in in the chaos of lunch I was sort of align:start position:0% in in the chaos of lunch I was sort of looking<02:33:00.520> at<02:33:00.680> the<02:33:00.840> crowd<02:33:01.560> and<02:33:01.720> I<02:33:01.840> hope<02:33:02.160> hope align:start position:0% looking at the crowd and I hope hope align:start position:0% looking at the crowd and I hope hope you're<02:33:02.399> able<02:33:02.560> to<02:33:02.680> stick<02:33:02.880> around<02:33:03.439> cater<02:33:03.880> and<02:33:04.200> fi align:start position:0% you're able to stick around cater and fi align:start position:0% you're able to stick around cater and fi some<02:33:04.640> of<02:33:04.760> these<02:33:04.920> questions<02:33:05.880> um<02:33:06.200> I<02:33:06.279> was<02:33:06.399> looking align:start position:0% some of these questions um I was looking align:start position:0% some of these questions um I was looking around<02:33:07.000> the<02:33:07.359> crowd<02:33:07.600> and<02:33:08.040> recognized<02:33:08.520> an<02:33:08.640> AI align:start position:0% around the crowd and recognized an AI align:start position:0% around the crowd and recognized an AI celebrity<02:33:09.439> and<02:33:09.600> I<02:33:09.720> asked<02:33:09.960> if<02:33:10.080> he<02:33:10.200> wouldn't align:start position:0% celebrity and I asked if he wouldn't align:start position:0% celebrity and I asked if he wouldn't mind<02:33:11.040> instead<02:33:11.319> of<02:33:11.439> me<02:33:11.600> doing<02:33:11.800> the<02:33:11.920> closing align:start position:0% mind instead of me doing the closing align:start position:0% mind instead of me doing the closing remarks<02:33:12.680> you<02:33:12.840> guys<02:33:13.160> have<02:33:13.279> heard<02:33:13.520> from<02:33:13.640> me align:start position:0% remarks you guys have heard from me align:start position:0% remarks you guys have heard from me enough<02:33:14.080> today<02:33:14.800> uh<02:33:14.960> would<02:33:15.160> just<02:33:15.680> uh<02:33:16.080> give<02:33:16.200> us align:start position:0% enough today uh would just uh give us align:start position:0% enough today uh would just uh give us some<02:33:16.520> closing<02:33:16.960> thoughts<02:33:17.880> uh<02:33:18.040> Andrew<02:33:18.880> is<02:33:19.120> the align:start position:0% some closing thoughts uh Andrew is the align:start position:0% some closing thoughts uh Andrew is the is<02:33:19.520> a<02:33:19.800> globally<02:33:20.120> recognized<02:33:20.520> leader<02:33:20.720> in align:start position:0% is a globally recognized leader in align:start position:0% is a globally recognized leader in artificial<02:33:21.279> intelligence<02:33:21.840> machine<02:33:22.120> learning align:start position:0% artificial intelligence machine learning align:start position:0% artificial intelligence machine learning he's<02:33:23.080> the<02:33:23.200> founder<02:33:23.439> of<02:33:23.560> deep<02:33:23.760> learning<02:33:24.080> AI align:start position:0% he's the founder of deep learning AI align:start position:0% he's the founder of deep learning AI Landing<02:33:24.800> ai<02:33:25.279> ai<02:33:25.520> fund<02:33:25.880> as<02:33:26.000> well<02:33:26.120> as<02:33:26.319> co-founder align:start position:0% Landing ai ai fund as well as co-founder align:start position:0% Landing ai ai fund as well as co-founder and<02:33:26.800> chairman<02:33:27.160> of<02:33:27.399> corser<02:33:28.399> uh<02:33:28.520> Dr<02:33:29.279> previously align:start position:0% and chairman of corser uh Dr previously align:start position:0% and chairman of corser uh Dr previously LED<02:33:29.920> AI<02:33:30.160> teams<02:33:30.399> at<02:33:30.560> Google<02:33:30.880> and<02:33:31.080> BYU<02:33:31.520> where<02:33:31.640> he align:start position:0% LED AI teams at Google and BYU where he align:start position:0% LED AI teams at Google and BYU where he was<02:33:32.040> instrumental<02:33:32.520> in<02:33:32.640> developing align:start position:0% was instrumental in developing align:start position:0% was instrumental in developing transformative<02:33:34.080> Technologies<02:33:34.680> like<02:33:34.840> Google align:start position:0% transformative Technologies like Google align:start position:0% transformative Technologies like Google brain<02:33:36.000> he's<02:33:36.160> an<02:33:36.279> ed<02:33:36.640> professor<02:33:36.960> at<02:33:37.120> Stanford align:start position:0% brain he's an ed professor at Stanford align:start position:0% brain he's an ed professor at Stanford uh<02:33:38.200> he's<02:33:38.359> educated<02:33:38.760> Millions<02:33:39.160> through<02:33:39.319> his align:start position:0% uh he's educated Millions through his align:start position:0% uh he's educated Millions through his online<02:33:39.800> courses<02:33:40.240> democratizing<02:33:41.040> access<02:33:41.319> to align:start position:0% online courses democratizing access to align:start position:0% online courses democratizing access to AI<02:33:41.760> knowledge<02:33:42.560> his<02:33:42.800> pioneering<02:33:43.240> work<02:33:43.560> spans align:start position:0% AI knowledge his pioneering work spans align:start position:0% AI knowledge his pioneering work spans deep<02:33:44.439> learning<02:33:44.920> computer<02:33:45.279> vision<02:33:45.600> robotics align:start position:0% deep learning computer vision robotics align:start position:0% deep learning computer vision robotics AI<02:33:46.760> applications<02:33:47.479> across<02:33:48.040> various align:start position:0% AI applications across various align:start position:0% AI applications across various Industries<02:33:49.600> um<02:33:49.840> um<02:33:50.160> with<02:33:50.760> 200<02:33:51.040> published align:start position:0% Industries um um with 200 published align:start position:0% Industries um um with 200 published research<02:33:51.800> papers<02:33:52.240> numerous<02:33:52.680> accolades align:start position:0% research papers numerous accolades align:start position:0% research papers numerous accolades including<02:33:53.640> being<02:33:54.279> named<02:33:54.640> times<02:33:55.120> 100<02:33:55.319> most align:start position:0% including being named times 100 most align:start position:0% including being named times 100 most influential<02:33:56.160> people<02:33:57.160> um<02:33:57.439> Dr<02:33:58.080> continues<02:33:58.479> to align:start position:0% influential people um Dr continues to align:start position:0% influential people um Dr continues to shape<02:33:58.880> the<02:33:58.960> future<02:33:59.240> of<02:33:59.359> artificial align:start position:0% shape the future of artificial align:start position:0% shape the future of artificial intelligence<02:34:00.240> as<02:34:00.399> both<02:34:00.560> an<02:34:00.640> innovator align:start position:0% intelligence as both an innovator align:start position:0% intelligence as both an innovator investor<02:34:02.200> uh<02:34:02.359> his<02:34:02.560> mission<02:34:02.920> is<02:34:03.040> to<02:34:03.200> build<02:34:03.439> AI align:start position:0% investor uh his mission is to build AI align:start position:0% investor uh his mission is to build AI systems<02:34:04.120> that<02:34:04.279> enhance<02:34:04.600> human<02:34:04.880> capabilities align:start position:0% systems that enhance human capabilities align:start position:0% systems that enhance human capabilities and<02:34:05.560> improve<02:34:05.960> lives<02:34:06.120> on<02:34:06.240> a<02:34:06.319> global<02:34:06.560> St<02:34:06.880> we're align:start position:0% and improve lives on a global St we're align:start position:0% and improve lives on a global St we're so<02:34:07.200> honored<02:34:07.560> to<02:34:07.680> have<02:34:07.800> you<02:34:08.080> make<02:34:08.240> an<02:34:08.399> impromptu align:start position:0% so honored to have you make an impromptu align:start position:0% so honored to have you make an impromptu closing<02:34:09.680> out<02:34:10.439> of<02:34:10.600> our<02:34:10.800> amazing<02:34:11.160> day<02:34:11.319> today align:start position:0% closing out of our amazing day today align:start position:0% closing out of our amazing day today Andrew<02:34:12.279> please<02:34:12.600> thanks align:start position:0% thanks<02:34:20.880> Luther<02:34:21.240> for<02:34:21.600> inviting<02:34:21.960> me<02:34:22.080> up<02:34:22.240> and align:start position:0% thanks Luther for inviting me up and align:start position:0% thanks Luther for inviting me up and Gary<02:34:22.840> Luther<02:34:23.399> for<02:34:23.920> um<02:34:24.200> having<02:34:24.399> me<02:34:24.600> here<02:34:25.160> so<02:34:25.359> I align:start position:0% Gary Luther for um having me here so I align:start position:0% Gary Luther for um having me here so I was<02:34:25.560> actually<02:34:25.760> taking<02:34:25.960> some<02:34:26.120> notes<02:34:26.439> as<02:34:26.520> the align:start position:0% was actually taking some notes as the align:start position:0% was actually taking some notes as the senator<02:34:27.000> was<02:34:27.200> speaking<02:34:27.560> and<02:34:27.680> I<02:34:27.800> want<02:34:27.960> to<02:34:28.680> share align:start position:0% senator was speaking and I want to share align:start position:0% senator was speaking and I want to share some<02:34:29.120> thoughts<02:34:29.319> on<02:34:29.479> AI<02:34:29.800> regulation<02:34:30.359> and<02:34:30.600> also align:start position:0% some thoughts on AI regulation and also align:start position:0% some thoughts on AI regulation and also address<02:34:31.359> some<02:34:31.560> specific<02:34:31.960> points<02:34:32.279> that align:start position:0% address some specific points that align:start position:0% address some specific points that Senator<02:34:33.000> wner<02:34:33.439> had<02:34:34.120> weer<02:34:34.479> had<02:34:34.800> uh<02:34:35.279> mentioned align:start position:0% Senator wner had weer had uh mentioned align:start position:0% Senator wner had weer had uh mentioned so<02:34:36.560> as<02:34:36.680> some<02:34:36.840> of<02:34:36.920> you<02:34:37.040> know<02:34:37.200> I've<02:34:37.319> been align:start position:0% so as some of you know I've been align:start position:0% so as some of you know I've been dismayed<02:34:38.040> at<02:34:38.279> the<02:34:38.560> assaults<02:34:38.960> on<02:34:39.200> open<02:34:39.520> source align:start position:0% dismayed at the assaults on open source align:start position:0% dismayed at the assaults on open source software<02:34:40.240> they<02:34:40.399> been<02:34:40.520> seeing<02:34:41.399> um<02:34:41.600> around<02:34:41.920> the align:start position:0% software they been seeing um around the align:start position:0% software they been seeing um around the world<02:34:42.399> so<02:34:42.640> over<02:34:42.840> the<02:34:43.000> last<02:34:43.240> year<02:34:43.479> I've align:start position:0% world so over the last year I've align:start position:0% world so over the last year I've traveled<02:34:44.080> to<02:34:44.600> many<02:34:44.880> nations<02:34:45.359> capitals align:start position:0% traveled to many nations capitals align:start position:0% traveled to many nations capitals including<02:34:46.240> Washington<02:34:46.680> DC<02:34:47.120> to<02:34:47.279> speak align:start position:0% including Washington DC to speak align:start position:0% including Washington DC to speak Regulators<02:34:48.279> about<02:34:48.520> Ai<02:34:49.120> and<02:34:49.279> AI<02:34:50.040> safety<02:34:51.040> um<02:34:51.399> to align:start position:0% Regulators about Ai and AI safety um to align:start position:0% Regulators about Ai and AI safety um to be<02:34:51.680> clear<02:34:52.000> I'm<02:34:52.160> actually<02:34:52.479> Pro<02:34:52.920> AI<02:34:53.279> regulation align:start position:0% be clear I'm actually Pro AI regulation align:start position:0% be clear I'm actually Pro AI regulation and<02:34:54.040> pro<02:34:54.279> AI<02:34:54.600> safety<02:34:54.960> for<02:34:55.160> example<02:34:56.040> the<02:34:56.479> uh<02:34:57.040> The align:start position:0% and pro AI safety for example the uh The align:start position:0% and pro AI safety for example the uh The centor<02:34:57.680> Bash<02:34:58.120> the<02:34:58.479> Washington<02:34:58.920> DC<02:34:59.359> but<02:34:59.520> I align:start position:0% centor Bash the Washington DC but I align:start position:0% centor Bash the Washington DC but I think<02:34:59.880> that<02:35:00.560> um<02:35:00.840> the<02:35:01.000> Senate<02:35:01.359> just<02:35:01.600> passed<02:35:01.920> the align:start position:0% think that um the Senate just passed the align:start position:0% think that um the Senate just passed the Defiance<02:35:02.600> act<02:35:02.960> which<02:35:03.080> I<02:35:03.160> think<02:35:03.279> is<02:35:03.399> a<02:35:03.560> very align:start position:0% Defiance act which I think is a very align:start position:0% Defiance act which I think is a very positive<02:35:04.279> step<02:35:04.720> to<02:35:04.960> enhance<02:35:05.359> AI<02:35:05.720> safety<02:35:06.240> by align:start position:0% positive step to enhance AI safety by align:start position:0% positive step to enhance AI safety by making<02:35:06.880> it<02:35:07.000> more<02:35:07.479> difficult<02:35:08.040> uh<02:35:08.200> you<02:35:08.319> know<02:35:08.479> to align:start position:0% making it more difficult uh you know to align:start position:0% making it more difficult uh you know to to<02:35:08.800> try<02:35:08.920> to<02:35:09.040> squash<02:35:09.439> out<02:35:09.960> non-consensual align:start position:0% to try to squash out non-consensual align:start position:0% to try to squash out non-consensual non-consensual<02:35:11.960> de<02:35:12.359> fake<02:35:12.720> porn<02:35:13.359> so<02:35:13.560> I<02:35:13.600> think align:start position:0% non-consensual de fake porn so I think align:start position:0% non-consensual de fake porn so I think that's<02:35:13.960> a<02:35:14.200> great<02:35:14.439> move<02:35:14.760> by<02:35:15.000> by<02:35:15.120> our<02:35:15.279> Nations align:start position:0% that's a great move by by our Nations align:start position:0% that's a great move by by our Nations Capital<02:35:16.120> just<02:35:16.319> just<02:35:16.479> pause<02:35:16.720> the<02:35:17.000> sence<02:35:18.000> um<02:35:18.520> and align:start position:0% Capital just just pause the sence um and align:start position:0% Capital just just pause the sence um and when<02:35:18.760> I<02:35:18.880> look<02:35:19.040> at<02:35:19.240> different<02:35:19.920> Nations<02:35:20.720> I<02:35:20.840> think align:start position:0% when I look at different Nations I think align:start position:0% when I look at different Nations I think the<02:35:21.479> biggest<02:35:21.880> mistake<02:35:22.319> that<02:35:22.479> many align:start position:0% the biggest mistake that many align:start position:0% the biggest mistake that many legislators<02:35:23.399> are<02:35:23.560> making<02:35:24.120> is<02:35:24.279> to<02:35:25.040> regulate<02:35:26.040> um align:start position:0% legislators are making is to regulate um align:start position:0% legislators are making is to regulate um technology<02:35:27.080> and<02:35:27.319> applications<02:35:28.279> in<02:35:28.399> the<02:35:28.560> same align:start position:0% technology and applications in the same align:start position:0% technology and applications in the same way<02:35:29.040> and<02:35:29.160> it's<02:35:29.319> important<02:35:29.680> to<02:35:29.880> distinguish align:start position:0% way and it's important to distinguish align:start position:0% way and it's important to distinguish between<02:35:30.760> technology<02:35:31.760> and<02:35:32.359> applications<02:35:33.359> so align:start position:0% between technology and applications so align:start position:0% between technology and applications so one<02:35:34.160> of<02:35:34.279> the<02:35:34.439> tricky<02:35:34.800> things<02:35:35.000> about<02:35:35.279> AI<02:35:36.000> is<02:35:36.120> a align:start position:0% one of the tricky things about AI is a align:start position:0% one of the tricky things about AI is a general<02:35:36.680> purpose<02:35:37.000> technology<02:35:37.680> I<02:35:37.720> think align:start position:0% general purpose technology I think align:start position:0% general purpose technology I think there's<02:35:38.040> a<02:35:38.160> question<02:35:38.359> on<02:35:38.520> this<02:35:38.720> just<02:35:38.840> now<02:35:39.000> as align:start position:0% there's a question on this just now as align:start position:0% there's a question on this just now as well<02:35:39.600> meaning<02:35:39.920> that<02:35:40.080> AI<02:35:40.359> is<02:35:40.479> useful<02:35:40.800> for<02:35:41.000> a<02:35:41.160> lot align:start position:0% well meaning that AI is useful for a lot align:start position:0% well meaning that AI is useful for a lot of<02:35:41.520> different<02:35:41.840> applications<02:35:42.439> and<02:35:42.560> so<02:35:42.720> that align:start position:0% of different applications and so that align:start position:0% of different applications and so that way<02:35:42.960> we<02:35:43.160> regulate<02:35:43.840> for<02:35:44.160> AI<02:35:44.479> safety<02:35:44.960> must<02:35:45.160> be align:start position:0% way we regulate for AI safety must be align:start position:0% way we regulate for AI safety must be different<02:35:46.120> than<02:35:46.359> way<02:35:46.600> than<02:35:46.720> the<02:35:46.840> way<02:35:46.960> we align:start position:0% different than way than the way we align:start position:0% different than way than the way we regulate<02:35:47.520> for<02:35:47.720> narrow<02:35:48.120> use<02:35:48.640> Technologies<02:35:49.640> to align:start position:0% regulate for narrow use Technologies to align:start position:0% regulate for narrow use Technologies to make<02:35:49.960> an<02:35:50.120> analogy<02:35:50.800> um<02:35:50.960> an<02:35:51.160> electric<02:35:51.600> motor<02:35:52.560> is align:start position:0% make an analogy um an electric motor is align:start position:0% make an analogy um an electric motor is a<02:35:53.000> technology<02:35:53.600> with<02:35:53.800> tons<02:35:54.040> of<02:35:54.279> applications align:start position:0% a technology with tons of applications align:start position:0% a technology with tons of applications when<02:35:55.319> we<02:35:55.479> take<02:35:55.640> the<02:35:55.760> electric<02:35:56.160> motor<02:35:56.960> and<02:35:57.080> you align:start position:0% when we take the electric motor and you align:start position:0% when we take the electric motor and you put<02:35:57.439> it<02:35:57.800> in<02:35:58.000> an<02:35:58.200> electrical<02:35:58.720> vehicle<02:35:59.479> or<02:35:59.840> a<02:36:00.279> um align:start position:0% put it in an electrical vehicle or a um align:start position:0% put it in an electrical vehicle or a um blender<02:36:01.359> or<02:36:01.479> a<02:36:01.640> dialysis<02:36:02.160> machine<02:36:02.800> or<02:36:03.120> to align:start position:0% blender or a dialysis machine or to align:start position:0% blender or a dialysis machine or to steer<02:36:03.760> a<02:36:03.840> smart<02:36:04.200> bomb<02:36:04.600> those<02:36:05.080> are<02:36:05.279> the align:start position:0% steer a smart bomb those are the align:start position:0% steer a smart bomb those are the applications<02:36:06.840> and<02:36:07.040> I<02:36:07.120> think<02:36:07.279> we<02:36:07.399> can<02:36:07.560> look<02:36:07.720> at align:start position:0% applications and I think we can look at align:start position:0% applications and I think we can look at applications<02:36:08.600> like<02:36:08.800> blenders<02:36:09.479> or<02:36:09.680> electrical align:start position:0% applications like blenders or electrical align:start position:0% applications like blenders or electrical vehicles<02:36:10.680> and<02:36:10.880> say<02:36:11.760> how<02:36:11.880> do<02:36:12.000> we<02:36:12.120> want<02:36:12.240> to<02:36:12.359> make align:start position:0% vehicles and say how do we want to make align:start position:0% vehicles and say how do we want to make sure<02:36:12.640> that<02:36:12.760> your<02:36:12.880> blender<02:36:13.240> is<02:36:13.399> safe<02:36:13.680> or<02:36:13.800> your align:start position:0% sure that your blender is safe or your align:start position:0% sure that your blender is safe or your EVS<02:36:14.399> sa<02:36:14.600> and<02:36:15.080> what<02:36:15.240> outcomes<02:36:15.640> do<02:36:15.720> you<02:36:15.840> want<02:36:16.120> or align:start position:0% EVS sa and what outcomes do you want or align:start position:0% EVS sa and what outcomes do you want or often<02:36:16.720> not<02:36:17.000> want<02:36:17.319> if<02:36:17.520> you<02:36:17.640> know<02:36:17.800> for<02:36:18.000> people align:start position:0% often not want if you know for people align:start position:0% often not want if you know for people are<02:36:18.240> trying<02:36:18.359> to<02:36:18.479> build<02:36:18.680> smart<02:36:19.000> bombs<02:36:19.240> I<02:36:19.680> would align:start position:0% are trying to build smart bombs I would align:start position:0% are trying to build smart bombs I would be<02:36:20.000> good<02:36:20.640> regulations<02:36:21.640> but<02:36:21.800> if<02:36:21.880> were<02:36:22.040> to<02:36:22.160> go<02:36:22.279> to align:start position:0% be good regulations but if were to go to align:start position:0% be good regulations but if were to go to electric<02:36:22.920> motor<02:36:23.279> maker<02:36:23.760> and<02:36:24.000> say<02:36:24.800> I<02:36:24.920> need<02:36:25.080> you align:start position:0% electric motor maker and say I need you align:start position:0% electric motor maker and say I need you to<02:36:25.359> make<02:36:25.439> sure<02:36:25.640> your<02:36:25.840> electric<02:36:26.279> motor<02:36:26.600> is<02:36:26.840> safe align:start position:0% to make sure your electric motor is safe align:start position:0% to make sure your electric motor is safe electric<02:36:28.080> motors<02:36:28.560> have<02:36:28.800> no<02:36:29.000> way<02:36:29.520> to<02:36:29.760> do<02:36:30.080> that align:start position:0% electric motors have no way to do that align:start position:0% electric motors have no way to do that and<02:36:30.640> the<02:36:30.840> only<02:36:31.279> response<02:36:31.880> would<02:36:32.040> be<02:36:32.160> to<02:36:32.359> say align:start position:0% and the only response would be to say align:start position:0% and the only response would be to say well<02:36:33.840> I<02:36:33.960> don't<02:36:34.080> want<02:36:34.200> to<02:36:34.319> make<02:36:34.560> electric align:start position:0% well I don't want to make electric align:start position:0% well I don't want to make electric motors<02:36:35.279> anymore<02:36:35.760> if<02:36:36.040> if<02:36:36.240> I<02:36:36.359> can't<02:36:36.640> stop align:start position:0% motors anymore if if I can't stop align:start position:0% motors anymore if if I can't stop someone<02:36:37.240> from<02:36:37.439> taking<02:36:37.720> my<02:36:37.880> electric<02:36:38.279> motor align:start position:0% someone from taking my electric motor align:start position:0% someone from taking my electric motor and<02:36:39.240> adapting<02:36:39.640> it<02:36:39.800> to<02:36:40.000> harmful<02:36:40.720> application align:start position:0% and adapting it to harmful application align:start position:0% and adapting it to harmful application AI<02:36:42.359> is<02:36:42.560> like<02:36:42.760> that<02:36:42.960> too<02:36:43.840> when<02:36:44.000> someone<02:36:44.279> trains align:start position:0% AI is like that too when someone trains align:start position:0% AI is like that too when someone trains a<02:36:44.680> large<02:36:44.960> language<02:36:45.359> model<02:36:45.640> or<02:36:45.760> a<02:36:45.840> large align:start position:0% a large language model or a large align:start position:0% a large language model or a large multimodal<02:36:46.680> model<02:36:46.960> or<02:36:47.120> other<02:36:47.319> generative align:start position:0% multimodal model or other generative align:start position:0% multimodal model or other generative model<02:36:48.520> that's<02:36:48.720> a<02:36:48.920> technology align:start position:0% model that's a technology align:start position:0% model that's a technology when<02:36:50.279> someone<02:36:50.640> puts<02:36:50.880> that<02:36:51.040> into<02:36:51.359> medical align:start position:0% when someone puts that into medical align:start position:0% when someone puts that into medical device<02:36:52.359> or<02:36:52.520> into<02:36:52.840> social<02:36:53.160> media<02:36:53.439> feed<02:36:54.359> um<02:36:54.520> or align:start position:0% device or into social media feed um or align:start position:0% device or into social media feed um or into<02:36:54.960> chatbot<02:36:55.720> or<02:36:55.920> uses<02:36:56.240> that<02:36:56.399> to<02:36:56.560> generate align:start position:0% into chatbot or uses that to generate align:start position:0% into chatbot or uses that to generate political<02:36:57.359> defects<02:36:57.920> or<02:36:58.120> non-consensual align:start position:0% political defects or non-consensual align:start position:0% political defects or non-consensual defect<02:36:59.399> porn<02:36:59.920> those<02:37:00.080> are<02:37:00.800> applications<02:37:01.800> and align:start position:0% defect porn those are applications and align:start position:0% defect porn those are applications and the<02:37:02.880> risk<02:37:03.279> of<02:37:03.960> the<02:37:04.120> risk<02:37:04.359> of<02:37:04.520> AI<02:37:05.040> is<02:37:05.160> not<02:37:05.319> a align:start position:0% the risk of the risk of AI is not a align:start position:0% the risk of the risk of AI is not a function<02:37:06.000> it<02:37:06.120> doesn't<02:37:06.439> deter<02:37:06.840> it<02:37:06.920> doesn't align:start position:0% function it doesn't deter it doesn't align:start position:0% function it doesn't deter it doesn't depend<02:37:07.800> on<02:37:07.960> the<02:37:08.200> technology<02:37:09.160> it<02:37:09.319> depends<02:37:09.640> on align:start position:0% depend on the technology it depends on align:start position:0% depend on the technology it depends on the<02:37:10.000> application<02:37:11.000> this<02:37:11.080> is<02:37:11.319> why<02:37:11.560> I<02:37:11.640> think align:start position:0% the application this is why I think align:start position:0% the application this is why I think Washington<02:37:12.319> DC<02:37:12.720> did<02:37:12.960> such<02:37:13.120> a<02:37:13.240> nice<02:37:13.439> job align:start position:0% Washington DC did such a nice job align:start position:0% Washington DC did such a nice job thinking<02:37:13.920> through<02:37:14.160> the<02:37:14.319> defin<02:37:14.800> act<02:37:15.080> because align:start position:0% thinking through the defin act because align:start position:0% thinking through the defin act because that's<02:37:15.479> a<02:37:15.920> you<02:37:16.040> know<02:37:16.600> really<02:37:17.000> problematic align:start position:0% that's a you know really problematic align:start position:0% that's a you know really problematic application<02:37:18.200> of<02:37:18.359> AI<02:37:19.000> so<02:37:19.240> let's<02:37:19.720> use align:start position:0% application of AI so let's use align:start position:0% application of AI so let's use regulations<02:37:20.479> to<02:37:20.640> squash<02:37:21.120> that<02:37:21.800> and<02:37:22.040> just<02:37:22.279> as align:start position:0% regulations to squash that and just as align:start position:0% regulations to squash that and just as you<02:37:22.720> can't<02:37:22.960> ask<02:37:23.279> electric<02:37:23.680> motor<02:37:24.040> maker<02:37:24.399> to align:start position:0% you can't ask electric motor maker to align:start position:0% you can't ask electric motor maker to guarantee<02:37:25.200> that<02:37:25.319> the<02:37:25.479> AI<02:37:25.760> will<02:37:25.960> never<02:37:26.240> ever<02:37:26.479> be align:start position:0% guarantee that the AI will never ever be align:start position:0% guarantee that the AI will never ever be used<02:37:27.120> for<02:37:27.359> harmful<02:37:27.840> purpose<02:37:28.640> I<02:37:28.720> think<02:37:28.920> we<02:37:29.120> as<02:37:29.359> a align:start position:0% used for harmful purpose I think we as a align:start position:0% used for harmful purpose I think we as a large<02:37:29.760> language<02:37:30.080> model<02:37:30.439> provider<02:37:31.319> to<02:37:31.600> make align:start position:0% large language model provider to make align:start position:0% large language model provider to make their<02:37:31.960> model<02:37:32.359> safe<02:37:33.120> from<02:37:33.319> a<02:37:33.640> scientific align:start position:0% their model safe from a scientific align:start position:0% their model safe from a scientific technical<02:37:34.600> point<02:37:34.800> of<02:37:34.960> view<02:37:35.560> I<02:37:35.680> actually<02:37:35.920> have align:start position:0% technical point of view I actually have align:start position:0% technical point of view I actually have no<02:37:36.319> idea<02:37:36.960> how<02:37:37.080> to<02:37:37.279> do<02:37:37.560> that<02:37:38.040> um<02:37:38.359> and<02:37:38.560> and<02:37:38.680> in align:start position:0% no idea how to do that um and and in align:start position:0% no idea how to do that um and and in fact<02:37:39.279> in<02:37:39.479> the<02:37:39.680> manner<02:37:40.160> specifically<02:37:40.640> of align:start position:0% fact in the manner specifically of align:start position:0% fact in the manner specifically of sb104<02:37:42.600> in<02:37:42.720> the<02:37:42.800> manner<02:37:43.040> of align:start position:0% [Applause] align:start position:0% [Applause] align:start position:0% [Applause] sb1<02:37:49.200> um<02:37:49.600> in<02:37:49.720> Man<02:37:49.920> of<02:37:50.000> sb147<02:37:50.720> I've<02:37:50.840> actually align:start position:0% sb1 um in Man of sb147 I've actually align:start position:0% sb1 um in Man of sb147 I've actually read<02:37:51.200> the<02:37:51.359> statute<02:37:52.080> quite<02:37:52.279> carefully<02:37:52.760> myself align:start position:0% read the statute quite carefully myself align:start position:0% read the statute quite carefully myself and<02:37:53.319> there<02:37:53.439> are<02:37:54.200> causes<02:37:54.720> in<02:37:54.880> it<02:37:55.200> that<02:37:55.439> as<02:37:55.520> a<02:37:55.760> AI align:start position:0% and there are causes in it that as a AI align:start position:0% and there are causes in it that as a AI developer<02:37:56.640> myself<02:37:57.000> I<02:37:57.160> honestly<02:37:57.680> have<02:37:57.920> no<02:37:58.200> idea align:start position:0% developer myself I honestly have no idea align:start position:0% developer myself I honestly have no idea I<02:37:59.200> honestly<02:37:59.560> don't<02:37:59.760> know<02:38:00.000> what<02:38:00.120> I'm<02:38:00.279> supposed align:start position:0% I honestly don't know what I'm supposed align:start position:0% I honestly don't know what I'm supposed to<02:38:00.720> do<02:38:01.279> to<02:38:01.560> to<02:38:01.800> comply<02:38:02.240> with<02:38:02.479> those<02:38:03.479> and<02:38:03.680> again align:start position:0% to do to to comply with those and again align:start position:0% to do to to comply with those and again just<02:38:04.000> to<02:38:04.080> be<02:38:04.279> clear<02:38:04.880> there<02:38:05.000> is<02:38:05.120> a<02:38:05.279> difference align:start position:0% just to be clear there is a difference align:start position:0% just to be clear there is a difference between<02:38:06.000> general<02:38:06.359> purpose<02:38:06.720> technology<02:38:07.240> and align:start position:0% between general purpose technology and align:start position:0% between general purpose technology and narrow<02:38:07.800> use<02:38:08.120> Technologies<02:38:08.840> so<02:38:09.040> for<02:38:09.200> example align:start position:0% narrow use Technologies so for example align:start position:0% narrow use Technologies so for example C4<02:38:10.520> explosives<02:38:11.080> has<02:38:11.240> a<02:38:11.399> relatively<02:38:11.960> narrow align:start position:0% C4 explosives has a relatively narrow align:start position:0% C4 explosives has a relatively narrow set<02:38:12.600> of<02:38:12.720> use<02:38:13.000> cases<02:38:13.680> and<02:38:13.760> so<02:38:13.960> if<02:38:14.040> you<02:38:14.160> regulate align:start position:0% set of use cases and so if you regulate align:start position:0% set of use cases and so if you regulate the<02:38:14.680> technology<02:38:15.399> it<02:38:15.520> does<02:38:15.720> slow<02:38:16.040> down<02:38:16.319> all<02:38:16.479> of align:start position:0% the technology it does slow down all of align:start position:0% the technology it does slow down all of those<02:38:16.800> use<02:38:17.080> cases<02:38:17.279> of<02:38:17.439> C4<02:38:17.960> but<02:38:18.080> that<02:38:18.240> might<02:38:18.399> be align:start position:0% those use cases of C4 but that might be align:start position:0% those use cases of C4 but that might be a<02:38:18.640> good<02:38:18.840> thing<02:38:19.880> um<02:38:20.040> since<02:38:20.319> we're<02:38:20.479> in<02:38:20.600> San align:start position:0% a good thing um since we're in San align:start position:0% a good thing um since we're in San Francisco<02:38:21.359> where<02:38:21.600> unfortunately<02:38:22.279> we<02:38:22.439> really align:start position:0% Francisco where unfortunately we really align:start position:0% Francisco where unfortunately we really struggle<02:38:23.160> with<02:38:23.279> the<02:38:23.359> fentol<02:38:23.880> prices<02:38:24.359> I<02:38:24.439> want align:start position:0% struggle with the fentol prices I want align:start position:0% struggle with the fentol prices I want to<02:38:24.680> say<02:38:25.080> fentol<02:38:25.680> chemical<02:38:26.120> precursors<02:38:27.000> have<02:38:27.160> a align:start position:0% to say fentol chemical precursors have a align:start position:0% to say fentol chemical precursors have a relatively<02:38:27.960> small<02:38:28.200> number<02:38:28.399> of<02:38:28.520> use<02:38:28.800> cases<02:38:29.080> you align:start position:0% relatively small number of use cases you align:start position:0% relatively small number of use cases you know<02:38:29.279> you<02:38:29.399> can't<02:38:29.600> do<02:38:29.800> much<02:38:29.960> more<02:38:30.160> than<02:38:30.279> MC align:start position:0% know you can't do much more than MC align:start position:0% know you can't do much more than MC fentol<02:38:30.960> and<02:38:31.040> a<02:38:31.120> few<02:38:31.319> other<02:38:31.520> things<02:38:32.080> with<02:38:32.279> them align:start position:0% fentol and a few other things with them align:start position:0% fentol and a few other things with them so<02:38:32.760> if<02:38:32.880> you<02:38:33.200> crush<02:38:34.200> innovation<02:38:34.720> in<02:38:35.040> the align:start position:0% so if you crush innovation in the align:start position:0% so if you crush innovation in the manufacture<02:38:35.680> of<02:38:35.800> fentol<02:38:36.240> precursors<02:38:36.880> which<02:38:37.040> I align:start position:0% manufacture of fentol precursors which I align:start position:0% manufacture of fentol precursors which I also<02:38:37.479> support<02:38:38.080> you<02:38:38.200> will<02:38:38.359> slow<02:38:38.720> down<02:38:39.080> the<02:38:39.240> rise align:start position:0% also support you will slow down the rise align:start position:0% also support you will slow down the rise of<02:38:39.560> fentol<02:38:40.120> it<02:38:40.240> seems<02:38:40.399> like<02:38:40.560> a<02:38:40.720> good<02:38:40.880> thing<02:38:41.279> in align:start position:0% of fentol it seems like a good thing in align:start position:0% of fentol it seems like a good thing in many<02:38:41.680> places<02:38:42.439> but<02:38:42.600> if<02:38:42.680> you<02:38:42.880> crush<02:38:43.200> AI align:start position:0% many places but if you crush AI align:start position:0% many places but if you crush AI Innovation<02:38:44.120> you<02:38:44.279> slow<02:38:44.600> down<02:38:44.840> tons<02:38:45.080> of align:start position:0% Innovation you slow down tons of align:start position:0% Innovation you slow down tons of beneficial<02:38:46.279> applications<02:38:47.080> and<02:38:47.240> in<02:38:47.479> fact<02:38:48.479> I align:start position:0% beneficial applications and in fact I align:start position:0% beneficial applications and in fact I think<02:38:48.880> that<02:38:49.000> the<02:38:49.160> ass<02:38:49.640> and<02:38:49.800> open<02:38:50.080> source align:start position:0% think that the ass and open source align:start position:0% think that the ass and open source represented<02:38:51.040> by<02:38:51.279> many<02:38:51.560> regulations<02:38:52.120> around align:start position:0% represented by many regulations around align:start position:0% represented by many regulations around the<02:38:52.520> world<02:38:52.960> will<02:38:53.160> make<02:38:53.399> AI<02:38:53.800> less<02:38:54.120> safe<02:38:54.960> because align:start position:0% the world will make AI less safe because align:start position:0% the world will make AI less safe because I've<02:38:55.640> been<02:38:55.760> speaking<02:38:56.120> frequently<02:38:56.680> with align:start position:0% I've been speaking frequently with align:start position:0% I've been speaking frequently with academics<02:38:57.479> from<02:38:57.840> UC<02:38:58.240> Berkeley<02:38:59.040> from<02:38:59.240> Stanford align:start position:0% academics from UC Berkeley from Stanford align:start position:0% academics from UC Berkeley from Stanford from<02:39:00.439> many<02:39:00.760> of<02:39:00.880> the<02:39:01.040> Great<02:39:01.279> universities<02:39:01.880> in align:start position:0% from many of the Great universities in align:start position:0% from many of the Great universities in California<02:39:02.600> and<02:39:02.800> around<02:39:03.040> the<02:39:03.200> world<02:39:04.080> one<02:39:04.240> of align:start position:0% California and around the world one of align:start position:0% California and around the world one of the<02:39:04.640> key<02:39:04.880> ways<02:39:05.240> to<02:39:05.520> keep<02:39:05.720> AI<02:39:06.080> safe<02:39:06.399> is<02:39:06.520> to<02:39:06.720> keep align:start position:0% the key ways to keep AI safe is to keep align:start position:0% the key ways to keep AI safe is to keep it<02:39:07.080> open<02:39:07.600> because<02:39:07.960> academics<02:39:08.560> need<02:39:08.760> to<02:39:08.920> study align:start position:0% it open because academics need to study align:start position:0% it open because academics need to study these<02:39:09.520> models<02:39:10.040> in<02:39:10.200> fact<02:39:10.720> s<02:39:11.200> mentioned<02:39:11.560> social align:start position:0% these models in fact s mentioned social align:start position:0% these models in fact s mentioned social media<02:39:12.520> a<02:39:12.600> lot<02:39:12.800> of<02:39:13.000> problems<02:39:13.399> of<02:39:13.520> social<02:39:13.800> media align:start position:0% media a lot of problems of social media align:start position:0% media a lot of problems of social media we<02:39:14.359> collectively<02:39:15.120> discovered<02:39:15.520> only<02:39:15.800> because align:start position:0% we collectively discovered only because align:start position:0% we collectively discovered only because a<02:39:16.160> smart<02:39:16.520> reporter<02:39:17.319> or<02:39:17.439> a<02:39:17.600> smart<02:39:17.960> academic align:start position:0% a smart reporter or a smart academic align:start position:0% a smart reporter or a smart academic really<02:39:18.920> dug<02:39:19.160> deep<02:39:19.600> and<02:39:19.720> found<02:39:20.040> those<02:39:20.359> problems align:start position:0% really dug deep and found those problems align:start position:0% really dug deep and found those problems so<02:39:21.319> one<02:39:21.439> of<02:39:21.600> the<02:39:21.800> best<02:39:22.000> ways<02:39:22.160> to<02:39:22.319> make<02:39:22.479> AI<02:39:22.880> less align:start position:0% so one of the best ways to make AI less align:start position:0% so one of the best ways to make AI less safe<02:39:23.840> if<02:39:24.000> that's<02:39:24.160> the<02:39:24.359> go<02:39:24.920> is<02:39:25.000> to<02:39:25.439> shut<02:39:25.720> down align:start position:0% safe if that's the go is to shut down align:start position:0% safe if that's the go is to shut down open<02:39:26.200> source<02:39:26.520> and<02:39:26.640> shut<02:39:26.880> down<02:39:27.080> open<02:39:27.399> AI<02:39:27.680> which align:start position:0% open source and shut down open AI which align:start position:0% open source and shut down open AI which is<02:39:27.920> why<02:39:28.000> I'm<02:39:28.160> very<02:39:28.359> concerned<02:39:29.160> that<02:39:29.319> the align:start position:0% is why I'm very concerned that the align:start position:0% is why I'm very concerned that the assaults<02:39:29.840> and<02:39:30.040> open<02:39:30.319> source<02:39:30.640> in<02:39:30.720> the<02:39:30.840> false align:start position:0% assaults and open source in the false align:start position:0% assaults and open source in the false name<02:39:31.319> of<02:39:31.479> safety<02:39:32.080> will<02:39:32.359> actually<02:39:32.720> make<02:39:33.040> AI align:start position:0% name of safety will actually make AI align:start position:0% name of safety will actually make AI more align:start position:0% more align:start position:0% more dangerous<02:39:35.560> now<02:39:36.279> to<02:39:36.479> to<02:39:36.640> add<02:39:36.840> just<02:39:37.000> Fe<02:39:37.279> the<02:39:37.359> S align:start position:0% dangerous now to to add just Fe the S align:start position:0% dangerous now to to add just Fe the S remarks<02:39:38.359> um<02:39:39.000> I<02:39:39.120> would<02:39:39.560> I<02:39:39.760> I<02:39:39.840> I<02:39:39.960> appreciate<02:39:40.279> your align:start position:0% remarks um I would I I I appreciate your align:start position:0% remarks um I would I I I appreciate your remarks<02:39:40.680> and<02:39:40.760> I<02:39:40.840> appreciate<02:39:41.160> you<02:39:41.319> coming<02:39:41.520> here align:start position:0% remarks and I appreciate you coming here align:start position:0% remarks and I appreciate you coming here to<02:39:41.840> speak<02:39:42.399> um<02:39:42.800> I<02:39:43.000> respectfully<02:39:43.600> submit<02:39:44.080> that align:start position:0% to speak um I respectfully submit that align:start position:0% to speak um I respectfully submit that um<02:39:44.840> your<02:39:45.600> mentioning<02:39:46.080> the<02:39:46.319> hundred<02:39:46.520> million align:start position:0% um your mentioning the hundred million align:start position:0% um your mentioning the hundred million threshold<02:39:47.680> is<02:39:47.840> not<02:39:48.080> the<02:39:48.240> full<02:39:48.640> story<02:39:49.479> it<02:39:49.560> is align:start position:0% threshold is not the full story it is align:start position:0% threshold is not the full story it is true<02:39:50.040> that<02:39:50.760> my<02:39:50.960> I'm<02:39:51.080> not<02:39:51.240> a<02:39:51.319> lawyer<02:39:51.600> not<02:39:51.720> giv align:start position:0% true that my I'm not a lawyer not giv align:start position:0% true that my I'm not a lawyer not giv leg<02:39:52.200> rice<02:39:52.520> there<02:39:52.600> is<02:39:52.800> hundred<02:39:53.040> million<02:39:53.399> dollar align:start position:0% leg rice there is hundred million dollar align:start position:0% leg rice there is hundred million dollar fesh<02:39:54.439> H<02:39:54.479> holds<02:39:54.880> and<02:39:55.439> I<02:39:55.560> am<02:39:55.880> concerned<02:39:56.359> like align:start position:0% fesh H holds and I am concerned like align:start position:0% fesh H holds and I am concerned like many<02:39:56.760> in<02:39:56.960> the<02:39:57.200> entrepreneur<02:39:57.920> Community<02:39:58.359> are align:start position:0% many in the entrepreneur Community are align:start position:0% many in the entrepreneur Community are that<02:39:59.120> if<02:39:59.279> the<02:39:59.640> unelected<02:40:00.240> fmd<02:40:00.720> changes<02:40:01.160> that align:start position:0% that if the unelected fmd changes that align:start position:0% that if the unelected fmd changes that threshold<02:40:02.319> that<02:40:02.520> then<02:40:02.840> people<02:40:03.319> without align:start position:0% threshold that then people without align:start position:0% threshold that then people without spending<02:40:03.840> $100<02:40:04.120> million<02:40:04.399> dollar<02:40:04.720> will<02:40:04.920> become align:start position:0% spending $100 million dollar will become align:start position:0% spending $100 million dollar will become subject<02:40:05.920> to<02:40:06.120> liability<02:40:07.040> is<02:40:07.160> Chris<02:40:07.399> Langer align:start position:0% subject to liability is Chris Langer align:start position:0% subject to liability is Chris Langer here<02:40:09.120> oh<02:40:09.279> stand<02:40:09.520> up<02:40:09.720> so<02:40:09.920> Chris<02:40:10.319> actually<02:40:10.720> um align:start position:0% here oh stand up so Chris actually um align:start position:0% here oh stand up so Chris actually um has<02:40:11.319> one<02:40:11.439> of<02:40:11.520> the<02:40:11.680> best<02:40:11.920> analyses<02:40:12.600> of<02:40:13.000> uh<02:40:13.240> sb147 align:start position:0% has one of the best analyses of uh sb147 align:start position:0% has one of the best analyses of uh sb147 did<02:40:14.359> I<02:40:14.520> encourage<02:40:14.880> you<02:40:15.319> to<02:40:15.640> to<02:40:15.800> to<02:40:15.960> find<02:40:16.120> the align:start position:0% did I encourage you to to to find the align:start position:0% did I encourage you to to to find the line<02:40:16.479> and<02:40:16.680> feed<02:40:17.359> what<02:40:17.439> was<02:40:17.560> the<02:40:17.680> name<02:40:17.880> of<02:40:18.200> how align:start position:0% line and feed what was the name of how align:start position:0% line and feed what was the name of how what<02:40:18.439> should<02:40:18.560> they<02:40:18.720> Google<02:40:19.000> to<02:40:19.080> find<02:40:19.520> it<02:40:20.439> cont align:start position:0% what should they Google to find it cont align:start position:0% what should they Google to find it cont F<02:40:21.600> context<02:40:21.960> fun<02:40:22.720> right<02:40:22.880> context.<02:40:23.479> fun<02:40:23.680> that's align:start position:0% F context fun right context. fun that's align:start position:0% F context fun right context. fun that's really<02:40:24.120> excellent<02:40:24.479> analysis<02:40:24.920> of align:start position:0% really excellent analysis of align:start position:0% really excellent analysis of s1047<02:40:27.040> um<02:40:27.800> and<02:40:27.960> then<02:40:28.479> I<02:40:28.560> think<02:40:28.960> in<02:40:29.200> in<02:40:29.319> in<02:40:29.439> the align:start position:0% s1047 um and then I think in in in the align:start position:0% s1047 um and then I think in in in the manner<02:40:29.840> of<02:40:30.040> whether<02:40:30.240> or<02:40:30.439> not<02:40:30.880> um<02:40:31.319> this<02:40:31.439> is<02:40:31.640> just align:start position:0% manner of whether or not um this is just align:start position:0% manner of whether or not um this is just a<02:40:31.960> matter<02:40:32.240> of<02:40:32.479> doing<02:40:32.760> what<02:40:32.920> companies<02:40:33.359> have align:start position:0% a matter of doing what companies have align:start position:0% a matter of doing what companies have committed<02:40:33.960> to<02:40:34.120> do<02:40:34.479> I<02:40:34.560> would<02:40:35.000> have<02:40:35.200> a<02:40:35.399> different align:start position:0% committed to do I would have a different align:start position:0% committed to do I would have a different characterization<02:40:36.439> as<02:40:36.600> well<02:40:37.319> um<02:40:37.800> you<02:40:37.920> know<02:40:38.200> I align:start position:0% characterization as well um you know I align:start position:0% characterization as well um you know I i'<02:40:38.520> I've<02:40:38.640> been<02:40:38.880> I'm<02:40:39.000> not<02:40:39.160> yet<02:40:39.319> finished<02:40:39.640> I'm align:start position:0% i' I've been I'm not yet finished I'm align:start position:0% i' I've been I'm not yet finished I'm reading<02:40:40.040> the<02:40:40.200> Llama<02:40:40.520> 3.1<02:40:41.160> paper<02:40:41.479> and<02:40:41.720> candidly align:start position:0% reading the Llama 3.1 paper and candidly align:start position:0% reading the Llama 3.1 paper and candidly I<02:40:42.439> think<02:40:42.800> meta<02:40:43.319> gave<02:40:43.479> a<02:40:43.640> wonderful<02:40:44.040> gift<02:40:44.200> to align:start position:0% I think meta gave a wonderful gift to align:start position:0% I think meta gave a wonderful gift to the<02:40:44.439> world<02:40:44.760> with<02:40:44.920> their<02:40:45.120> release<02:40:45.640> of<02:40:46.040> um<02:40:46.760> the align:start position:0% the world with their release of um the align:start position:0% the world with their release of um the latest<02:40:47.279> llama<02:40:47.600> 3.1 align:start position:0% and<02:40:52.680> I<02:40:52.800> think<02:40:53.000> meta<02:40:53.760> actually<02:40:54.319> went<02:40:54.520> through align:start position:0% and I think meta actually went through align:start position:0% and I think meta actually went through extensive<02:40:55.439> safety<02:40:55.920> testing<02:40:56.880> um<02:40:57.200> um<02:40:57.520> really align:start position:0% extensive safety testing um um really align:start position:0% extensive safety testing um um really you<02:40:58.120> know<02:40:58.800> and<02:40:58.960> and<02:40:59.080> I<02:40:59.200> feel<02:40:59.439> like<02:41:00.160> but<02:41:00.399> I<02:41:00.520> think align:start position:0% you know and and I feel like but I think align:start position:0% you know and and I feel like but I think meta<02:41:01.439> feels<02:41:01.800> to<02:41:01.960> me<02:41:02.200> like<02:41:02.319> they're<02:41:02.479> certainly align:start position:0% meta feels to me like they're certainly align:start position:0% meta feels to me like they're certainly delivering<02:41:03.240> the<02:41:03.439> spirit<02:41:03.720> of<02:41:03.880> what<02:41:04.000> they're align:start position:0% delivering the spirit of what they're align:start position:0% delivering the spirit of what they're committed<02:41:04.560> to<02:41:05.120> but<02:41:05.319> the<02:41:05.479> details<02:41:05.960> of<02:41:06.200> that align:start position:0% committed to but the details of that align:start position:0% committed to but the details of that safety<02:41:07.000> testing<02:41:07.600> I<02:41:07.680> would<02:41:07.960> argue<02:41:08.560> I<02:41:08.680> believe align:start position:0% safety testing I would argue I believe align:start position:0% safety testing I would argue I believe are<02:41:09.560> quite<02:41:09.840> different<02:41:10.359> than<02:41:10.680> what<02:41:11.120> um<02:41:11.479> some<02:41:11.680> of align:start position:0% are quite different than what um some of align:start position:0% are quite different than what um some of the<02:41:11.880> patrol<02:41:12.479> statute<02:41:13.479> um<02:41:14.520> requires<02:41:15.520> and<02:41:15.680> so<02:41:16.640> uh align:start position:0% the patrol statute um requires and so uh align:start position:0% the patrol statute um requires and so uh and<02:41:17.120> and<02:41:17.399> and<02:41:18.160> I<02:41:18.319> agree<02:41:18.640> that<02:41:18.800> 12<02:41:19.479> already align:start position:0% and and and I agree that 12 already align:start position:0% and and and I agree that 12 already allows<02:41:20.319> you<02:41:20.439> know<02:41:20.840> people<02:41:21.040> to<02:41:21.200> sue<02:41:21.840> M<02:41:22.240> Builders align:start position:0% allows you know people to sue M Builders align:start position:0% allows you know people to sue M Builders hypothetically<02:41:23.760> this<02:41:23.880> is<02:41:24.120> America<02:41:24.720> right align:start position:0% hypothetically this is America right align:start position:0% hypothetically this is America right people<02:41:25.080> can<02:41:25.200> sue<02:41:25.479> anyone<02:41:25.760> for align:start position:0% anything<02:41:29.439> I<02:41:29.520> feel<02:41:29.800> like<02:41:30.160> uh<02:41:30.359> I'm<02:41:30.600> concerned align:start position:0% anything I feel like uh I'm concerned align:start position:0% anything I feel like uh I'm concerned about<02:41:31.439> different<02:41:31.880> Regulators<02:41:32.880> uh<02:41:33.040> creating align:start position:0% about different Regulators uh creating align:start position:0% about different Regulators uh creating new<02:41:33.840> paths<02:41:34.160> to<02:41:34.359> liability<02:41:35.000> just<02:41:35.200> because align:start position:0% new paths to liability just because align:start position:0% new paths to liability just because there's<02:41:35.720> one<02:41:35.960> way<02:41:36.359> for<02:41:36.560> someone<02:41:36.800> to<02:41:36.920> sue align:start position:0% there's one way for someone to sue align:start position:0% there's one way for someone to sue someone<02:41:37.399> for<02:41:37.560> something<02:41:38.000> does<02:41:38.160> not<02:41:38.319> mean<02:41:38.520> we align:start position:0% someone for something does not mean we align:start position:0% someone for something does not mean we need<02:41:38.880> new<02:41:39.120> ways<02:41:39.439> for<02:41:39.720> people<02:41:40.240> maybe<02:41:40.560> attorney align:start position:0% need new ways for people maybe attorney align:start position:0% need new ways for people maybe attorney general<02:41:41.319> maybe<02:41:41.520> others<02:41:42.240> to<02:41:42.399> sue<02:41:42.680> people<02:41:42.880> for align:start position:0% general maybe others to sue people for align:start position:0% general maybe others to sue people for other<02:41:43.319> things<02:41:44.120> especially<02:41:44.800> if<02:41:45.160> um<02:41:45.920> uh<02:41:46.040> it align:start position:0% other things especially if um uh it align:start position:0% other things especially if um uh it doesn't<02:41:46.560> actually<02:41:46.840> make<02:41:47.080> AI<02:41:47.760> safer<02:41:48.760> uh<02:41:48.880> when align:start position:0% doesn't actually make AI safer uh when align:start position:0% doesn't actually make AI safer uh when look<02:41:49.319> cons<02:41:49.560> the<02:41:49.720> requirements<02:41:50.640> um<02:41:51.160> I<02:41:51.240> would align:start position:0% look cons the requirements um I would align:start position:0% look cons the requirements um I would have<02:41:51.560> a<02:41:51.720> hard<02:41:52.000> time<02:41:52.359> knowing<02:41:52.720> what<02:41:52.920> exactly<02:41:53.359> I align:start position:0% have a hard time knowing what exactly I align:start position:0% have a hard time knowing what exactly I would<02:41:53.640> need<02:41:53.760> to<02:41:53.920> do<02:41:54.080> to<02:41:54.240> comply<02:41:54.600> with<02:41:54.760> them<02:41:55.439> uh align:start position:0% would need to do to comply with them uh align:start position:0% would need to do to comply with them uh and<02:41:56.000> then<02:41:56.200> I<02:41:56.359> think<02:41:56.840> um<02:41:57.240> in<02:41:57.359> the<02:41:57.520> man<02:41:57.760> of<02:41:57.920> civil align:start position:0% and then I think um in the man of civil align:start position:0% and then I think um in the man of civil penalties<02:41:58.840> versus<02:41:59.479> criminal<02:41:59.960> penalties<02:42:00.960> I align:start position:0% penalties versus criminal penalties I align:start position:0% penalties versus criminal penalties I think<02:42:01.240> no<02:42:01.359> one<02:42:01.520> wants<02:42:01.720> to<02:42:02.120> commit<02:42:02.520> perjury<02:42:02.960> at align:start position:0% think no one wants to commit perjury at align:start position:0% think no one wants to commit perjury at least<02:42:03.200> I<02:42:03.359> hope<02:42:03.600> not<02:42:04.399> but<02:42:04.880> the<02:42:05.200> act<02:42:05.600> of<02:42:05.760> asking<02:42:06.080> a align:start position:0% least I hope not but the act of asking a align:start position:0% least I hope not but the act of asking a developer<02:42:06.880> to<02:42:07.120> sign<02:42:07.680> under<02:42:08.040> penalty<02:42:08.399> of align:start position:0% developer to sign under penalty of align:start position:0% developer to sign under penalty of perjury<02:42:09.399> a<02:42:09.920> guarantee<02:42:10.920> of<02:42:11.319> statements<02:42:11.840> that align:start position:0% perjury a guarantee of statements that align:start position:0% perjury a guarantee of statements that seem<02:42:12.200> to<02:42:12.399> me<02:42:12.680> as<02:42:12.800> a<02:42:12.920> non-lawyer<02:42:13.880> really<02:42:14.160> vague align:start position:0% seem to me as a non-lawyer really vague align:start position:0% seem to me as a non-lawyer really vague before<02:42:15.160> boy<02:42:15.399> before<02:42:15.640> I<02:42:15.840> sign<02:42:16.120> such<02:42:16.279> a align:start position:0% before boy before I sign such a align:start position:0% before boy before I sign such a statement<02:42:16.960> I<02:42:17.040> would<02:42:17.279> definitely<02:42:18.000> you<02:42:18.120> know align:start position:0% statement I would definitely you know align:start position:0% statement I would definitely you know want<02:42:18.479> to<02:42:18.840> hire<02:42:19.200> lawyers<02:42:19.600> High<02:42:20.080> Consultants<02:42:21.080> uh align:start position:0% want to hire lawyers High Consultants uh align:start position:0% want to hire lawyers High Consultants uh the<02:42:21.359> law<02:42:21.800> refers<02:42:22.279> to<02:42:22.439> auditing<02:42:22.960> maybe<02:42:23.200> higher align:start position:0% the law refers to auditing maybe higher align:start position:0% the law refers to auditing maybe higher Auditors<02:42:24.279> and<02:42:24.399> I<02:42:24.520> think<02:42:24.720> all<02:42:24.920> this<02:42:25.120> compliance align:start position:0% Auditors and I think all this compliance align:start position:0% Auditors and I think all this compliance mechanism<02:42:26.399> however<02:42:26.760> much<02:42:26.920> it<02:42:27.160> cost<02:42:28.160> um<02:42:29.160> I align:start position:0% mechanism however much it cost um I align:start position:0% mechanism however much it cost um I don't<02:42:29.760> see<02:42:30.479> how<02:42:30.680> that<02:42:30.880> actually<02:42:31.160> makes<02:42:31.520> AI align:start position:0% don't see how that actually makes AI align:start position:0% don't see how that actually makes AI safer<02:42:33.600> so<02:42:34.279> I<02:42:34.399> think<02:42:34.920> unfortunately<02:42:35.920> we<02:42:36.080> are<02:42:36.279> at align:start position:0% safer so I think unfortunately we are at align:start position:0% safer so I think unfortunately we are at a<02:42:36.600> turning<02:42:37.080> point<02:42:38.000> where<02:42:38.640> laws<02:42:39.359> that align:start position:0% a turning point where laws that align:start position:0% a turning point where laws that California<02:42:40.640> or<02:42:40.920> other<02:42:41.200> places<02:42:41.600> can<02:42:41.760> choose<02:42:42.000> to align:start position:0% California or other places can choose to align:start position:0% California or other places can choose to pass<02:42:42.399> or<02:42:42.560> not<02:42:42.800> pass<02:42:43.319> will<02:42:43.479> have<02:42:43.600> a<02:42:43.760> huge<02:42:44.080> impact align:start position:0% pass or not pass will have a huge impact align:start position:0% pass or not pass will have a huge impact on<02:42:45.040> um<02:42:45.520> the<02:42:45.640> future<02:42:45.960> of<02:42:46.120> Open<02:42:46.359> Source<02:42:47.200> I<02:42:47.279> was align:start position:0% on um the future of Open Source I was align:start position:0% on um the future of Open Source I was grateful<02:42:47.840> to<02:42:48.040> Chairman<02:42:48.439> Khan's<02:42:48.800> remind align:start position:0% grateful to Chairman Khan's remind align:start position:0% grateful to Chairman Khan's remind uh<02:42:50.160> before<02:42:50.359> the<02:42:50.439> CER<02:42:50.760> showed<02:42:51.040> up<02:42:51.279> so<02:42:51.680> on<02:42:52.160> the align:start position:0% uh before the CER showed up so on the align:start position:0% uh before the CER showed up so on the importance<02:42:52.760> of<02:42:53.000> Open<02:42:53.240> Source<02:42:53.600> and<02:42:53.760> open align:start position:0% importance of Open Source and open align:start position:0% importance of Open Source and open weight<02:42:54.319> models<02:42:54.760> and<02:42:54.920> and<02:42:55.120> protecting<02:42:55.680> that align:start position:0% weight models and and protecting that align:start position:0% weight models and and protecting that and<02:42:56.399> I<02:42:56.520> feel<02:42:56.720> like<02:42:57.000> this<02:42:57.160> is<02:42:57.319> one<02:42:57.439> of<02:42:57.560> the<02:42:57.720> mo align:start position:0% and I feel like this is one of the mo align:start position:0% and I feel like this is one of the mo those<02:42:58.240> moments<02:42:58.760> where<02:42:59.600> um<02:43:00.120> such<02:43:00.439> laws<02:43:00.840> not align:start position:0% those moments where um such laws not align:start position:0% those moments where um such laws not just<02:43:01.120> in<02:43:01.279> California<02:43:01.760> but<02:43:01.880> around<02:43:02.120> the<02:43:02.240> world align:start position:0% just in California but around the world align:start position:0% just in California but around the world could<02:43:03.080> have<02:43:03.200> a<02:43:03.319> huge<02:43:03.640> impact<02:43:04.560> on<02:43:05.040> whether align:start position:0% could have a huge impact on whether align:start position:0% could have a huge impact on whether entrepreneurs<02:43:06.640> startups<02:43:07.399> are<02:43:07.600> allowed<02:43:08.040> to align:start position:0% entrepreneurs startups are allowed to align:start position:0% entrepreneurs startups are allowed to keep<02:43:08.359> on<02:43:08.680> innovating<02:43:09.680> or<02:43:10.000> if<02:43:10.160> we<02:43:10.240> should<02:43:10.439> be align:start position:0% keep on innovating or if we should be align:start position:0% keep on innovating or if we should be spending<02:43:10.880> our<02:43:11.080> money<02:43:11.479> not<02:43:11.680> on<02:43:12.359> building align:start position:0% spending our money not on building align:start position:0% spending our money not on building software<02:43:13.319> but<02:43:13.479> on<02:43:13.640> hiring<02:43:14.000> lawyers<02:43:14.439> and align:start position:0% software but on hiring lawyers and align:start position:0% software but on hiring lawyers and hiring<02:43:15.359> Auditors<02:43:16.359> so align:start position:0% hiring Auditors so align:start position:0% hiring Auditors so [Applause] align:start position:0% [Applause] align:start position:0% [Applause] I<02:43:23.439> want<02:43:23.560> to<02:43:23.680> mention<02:43:24.000> just<02:43:24.120> one<02:43:24.279> last<02:43:24.439> thing<02:43:24.600> I align:start position:0% I want to mention just one last thing I align:start position:0% I want to mention just one last thing I was<02:43:24.720> taking<02:43:24.920> notes<02:43:25.200> the<02:43:25.359> S<02:43:25.840> was<02:43:26.000> speaking<02:43:26.399> I'm align:start position:0% was taking notes the S was speaking I'm align:start position:0% was taking notes the S was speaking I'm I'm<02:43:26.680> grateful<02:43:27.160> that<02:43:27.479> you<02:43:27.640> welcome<02:43:28.000> feedback align:start position:0% I'm grateful that you welcome feedback align:start position:0% I'm grateful that you welcome feedback and<02:43:28.479> remarks<02:43:28.800> in<02:43:28.920> fact<02:43:29.080> the<02:43:29.200> center<02:43:29.520> I<02:43:29.640> had<02:43:29.720> a align:start position:0% and remarks in fact the center I had a align:start position:0% and remarks in fact the center I had a good<02:43:30.000> conversation<02:43:30.680> had<02:43:30.800> a<02:43:30.920> conversation<02:43:31.760> a align:start position:0% good conversation had a conversation a align:start position:0% good conversation had a conversation a few<02:43:32.000> months<02:43:32.240> ago<02:43:32.520> where<02:43:32.600> I<02:43:32.680> shared<02:43:33.000> some<02:43:33.160> of<02:43:33.279> my align:start position:0% few months ago where I shared some of my align:start position:0% few months ago where I shared some of my concerns<02:43:34.040> about<02:43:34.520> regulating<02:43:35.120> technology align:start position:0% concerns about regulating technology align:start position:0% concerns about regulating technology versus<02:43:36.439> applications<02:43:37.920> and<02:43:38.920> as<02:43:39.040> you're align:start position:0% versus applications and as you're align:start position:0% versus applications and as you're speaking<02:43:39.520> just<02:43:39.680> now<02:43:39.840> has<02:43:39.960> an<02:43:40.160> interesting align:start position:0% speaking just now has an interesting align:start position:0% speaking just now has an interesting thought<02:43:41.600> which<02:43:41.760> is<02:43:42.040> um<02:43:42.359> I'm<02:43:42.520> glad<02:43:42.720> you<02:43:42.880> welcome align:start position:0% thought which is um I'm glad you welcome align:start position:0% thought which is um I'm glad you welcome suggestions<02:43:44.000> to<02:43:44.160> the<02:43:44.359> to<02:43:44.479> the<02:43:44.640> statute<02:43:45.200> I<02:43:45.399> I align:start position:0% suggestions to the to the statute I I align:start position:0% suggestions to the to the statute I I I'm<02:43:45.800> happy<02:43:46.000> to<02:43:46.160> try<02:43:46.319> to<02:43:46.439> do<02:43:46.600> my<02:43:46.720> best<02:43:46.880> to<02:43:47.000> make align:start position:0% I'm happy to try to do my best to make align:start position:0% I'm happy to try to do my best to make suggestions<02:43:48.240> and<02:43:48.439> have<02:43:48.560> to<02:43:48.720> admit align:start position:0% suggestions and have to admit align:start position:0% suggestions and have to admit with<02:43:50.240> all<02:43:50.439> due<02:43:50.680> respect<02:43:51.080> that's<02:43:51.399> your<02:43:51.680> job<02:43:52.040> not align:start position:0% with all due respect that's your job not align:start position:0% with all due respect that's your job not mine<02:43:52.920> and<02:43:53.040> I<02:43:53.160> say<02:43:53.479> that<02:43:53.760> with<02:43:53.960> with<02:43:54.160> affection align:start position:0% mine and I say that with with affection align:start position:0% mine and I say that with with affection and<02:43:54.880> respect<02:43:55.160> for<02:43:55.319> the<02:43:55.439> democratic<02:43:56.080> system align:start position:0% and respect for the democratic system align:start position:0% and respect for the democratic system I'm<02:43:56.880> I'm<02:43:57.080> just<02:43:57.240> as<02:43:57.399> we<02:43:57.520> spoke<02:43:57.840> a<02:43:57.920> few<02:43:58.080> months align:start position:0% I'm I'm just as we spoke a few months align:start position:0% I'm I'm just as we spoke a few months ago<02:43:59.000> I'm<02:43:59.240> happy<02:43:59.479> to<02:43:59.640> continue<02:44:00.120> offering align:start position:0% ago I'm happy to continue offering align:start position:0% ago I'm happy to continue offering constructive<02:44:01.640> suggestions<02:44:02.160> I<02:44:02.279> really<02:44:02.560> am<02:44:02.720> so align:start position:0% constructive suggestions I really am so align:start position:0% constructive suggestions I really am so for<02:44:03.040> example<02:44:03.720> I<02:44:03.800> think<02:44:04.000> anthropic align:start position:0% for example I think anthropic align:start position:0% for example I think anthropic suggestions<02:44:04.960> to<02:44:05.160> get<02:44:05.319> rid<02:44:05.439> of<02:44:05.560> the<02:44:05.640> frontier align:start position:0% suggestions to get rid of the frontier align:start position:0% suggestions to get rid of the frontier model<02:44:06.319> division<02:44:06.920> that's<02:44:07.200> great<02:44:07.479> I<02:44:07.560> think<02:44:07.680> it align:start position:0% model division that's great I think it align:start position:0% model division that's great I think it will<02:44:07.920> make<02:44:08.040> the<02:44:08.240> law<02:44:08.840> less<02:44:09.160> bad<02:44:09.680> I<02:44:09.800> don't<02:44:10.000> think align:start position:0% will make the law less bad I don't think align:start position:0% will make the law less bad I don't think it'll<02:44:10.359> still<02:44:10.560> make<02:44:10.680> it<02:44:10.880> good<02:44:11.040> but<02:44:11.160> it<02:44:11.200> will align:start position:0% it'll still make it good but it will align:start position:0% it'll still make it good but it will definitely<02:44:11.600> make<02:44:11.720> it<02:44:11.840> less<02:44:12.080> bad<02:44:12.240> so<02:44:12.560> I'm<02:44:12.680> glad align:start position:0% definitely make it less bad so I'm glad align:start position:0% definitely make it less bad so I'm glad you're<02:44:13.439> serly<02:44:13.920> concerning<02:44:14.319> that<02:44:14.600> suggestion align:start position:0% you're serly concerning that suggestion align:start position:0% you're serly concerning that suggestion and<02:44:15.960> I<02:44:16.279> candidly<02:44:17.080> struggle<02:44:18.080> to<02:44:18.319> think<02:44:18.560> how<02:44:18.680> to align:start position:0% and I candidly struggle to think how to align:start position:0% and I candidly struggle to think how to modify<02:44:19.520> a<02:44:19.640> law<02:44:20.040> that<02:44:20.200> regulates<02:44:20.600> the align:start position:0% modify a law that regulates the align:start position:0% modify a law that regulates the technology<02:44:21.439> as<02:44:21.560> opposed<02:44:21.840> to<02:44:22.040> the align:start position:0% technology as opposed to the align:start position:0% technology as opposed to the applications<02:44:23.240> to<02:44:23.520> make<02:44:23.720> it<02:44:24.279> sufficiently align:start position:0% applications to make it sufficiently align:start position:0% applications to make it sufficiently less<02:44:25.120> vat<02:44:25.359> to<02:44:25.560> support<02:44:25.960> it<02:44:26.399> but<02:44:26.920> but<02:44:27.200> hopefully align:start position:0% less vat to support it but but hopefully align:start position:0% less vat to support it but but hopefully we<02:44:27.680> can<02:44:28.040> keep<02:44:28.240> on<02:44:28.399> working<02:44:28.760> on<02:44:28.920> it<02:44:29.279> on<02:44:29.479> on align:start position:0% we can keep on working on it on on align:start position:0% we can keep on working on it on on making<02:44:29.920> it<02:44:30.439> less<02:44:30.800> bad<02:44:31.760> thank align:start position:0% you<02:44:35.439> and<02:44:35.600> that<02:44:36.080> concludes<02:44:37.080> AI<02:44:37.520> startups<02:44:37.960> and align:start position:0% you and that concludes AI startups and align:start position:0% you and that concludes AI startups and competition<02:44:38.760> thanks<02:44:38.920> for<02:44:39.080> closing<02:44:39.439> us<02:44:39.640> out align:start position:0% competition thanks for closing us out align:start position:0% competition thanks for closing us out Andre<02:44:40.640> thank<02:44:40.760> you<02:44:40.880> Senator<02:44:41.240> weiner<02:44:41.640> thank<02:44:41.760> you align:start position:0% Andre thank you Senator weiner thank you align:start position:0% Andre thank you Senator weiner thank you Lena<02:44:42.200> KH<02:44:42.479> thank<02:44:42.600> you<02:44:42.720> Jonathan<02:44:43.120> caner<02:44:43.560> thank align:start position:0% Lena KH thank you Jonathan caner thank align:start position:0% Lena KH thank you Jonathan caner thank you<02:44:43.880> all<02:44:44.120> the<02:44:44.840> uh<02:44:45.000> Founders<02:44:45.439> who<02:44:45.600> did<02:44:46.200> demos<02:44:47.200> uh align:start position:0% you all the uh Founders who did demos uh align:start position:0% you all the uh Founders who did demos uh for<02:44:47.840> everybody<02:44:48.279> I'm<02:44:48.359> going<02:44:48.439> to<02:44:48.520> hand<02:44:48.640> it<02:44:48.720> over align:start position:0% for everybody I'm going to hand it over align:start position:0% for everybody I'm going to hand it over to align:start position:0% Gary<02:44:52.680> I<02:44:52.800> just<02:44:53.000> really<02:44:53.760> uh<02:44:54.080> you<02:44:54.359> one<02:44:54.439> of<02:44:54.560> the align:start position:0% Gary I just really uh you one of the align:start position:0% Gary I just really uh you one of the things<02:44:54.880> that's<02:44:55.200> pretty<02:44:55.399> clear<02:44:55.640> to<02:44:55.800> me<02:44:56.240> is<02:44:56.680> um align:start position:0% things that's pretty clear to me is um align:start position:0% things that's pretty clear to me is um you<02:44:57.359> know<02:44:57.720> we<02:44:57.840> need<02:44:58.000> to<02:44:58.120> do<02:44:58.439> more<02:44:58.640> of<02:44:58.880> these align:start position:0% you know we need to do more of these align:start position:0% you know we need to do more of these things<02:44:59.479> in<02:44:59.880> person<02:45:00.880> uh<02:45:01.000> we<02:45:01.120> need<02:45:01.240> to<02:45:01.399> do<02:45:01.680> these align:start position:0% things in person uh we need to do these align:start position:0% things in person uh we need to do these things<02:45:02.760> respectfully<02:45:03.760> uh<02:45:03.880> in<02:45:04.000> front<02:45:04.240> of<02:45:04.399> each align:start position:0% things respectfully uh in front of each align:start position:0% things respectfully uh in front of each other<02:45:05.279> and<02:45:05.439> to<02:45:06.000> treat<02:45:06.319> each<02:45:06.479> other<02:45:06.960> with<02:45:07.920> uh<02:45:08.080> a align:start position:0% other and to treat each other with uh a align:start position:0% other and to treat each other with uh a true<02:45:09.040> community<02:45:09.840> and<02:45:09.920> so<02:45:10.120> that's<02:45:10.240> what<02:45:10.439> YC<02:45:10.920> is align:start position:0% true community and so that's what YC is align:start position:0% true community and so that's what YC is thank<02:45:11.600> you<02:45:11.720> so<02:45:11.960> much<02:45:12.200> for<02:45:12.680> coming<02:45:13.080> out<02:45:13.359> here align:start position:0% thank you so much for coming out here align:start position:0% thank you so much for coming out here we're<02:45:14.120> at<02:45:14.240> an<02:45:14.600> incredible<02:45:15.399> moment<02:45:16.120> in<02:45:16.399> history align:start position:0% we're at an incredible moment in history align:start position:0% we're at an incredible moment in history and<02:45:17.279> time<02:45:18.279> I'm<02:45:18.520> very<02:45:18.720> proud<02:45:19.040> proud<02:45:19.319> to<02:45:19.960> see<02:45:20.279> all align:start position:0% and time I'm very proud proud to see all align:start position:0% and time I'm very proud proud to see all of<02:45:20.560> you<02:45:21.240> thanks<02:45:21.439> for<02:45:21.600> coming<02:45:21.840> out