Moonshots with Peter Diamandis - Bitcoin vs. Stocks: What’s the Smarter Investment? (AMA) w/ Salim Ismail | EP #139

Episode Date: December 23, 2024

In this episode, Peter and Salim answer questions from X about investing strategies, traveling to Mars, the AGI takeover, and more.  Recorded on Dec 16th, 2024 Views are my own thoughts; not Financi...al, Medical, or Legal Advice 04:45 | The Future of Space Exploration 09:55 | Brain-Computer Interfaces and Human Enhancement 35:17 | The Impact of AI on Warfare Salim Ismail is a serial entrepreneur and technology strategist well known for his expertise in Exponential organizations. He is the Founding Executive Director of Singularity University and the founder and chairman of ExO Works and OpenExO.  Join Salim's ExO Community: https://openexo.com Twitter: https://twitter.com/salimismail  Pre-Order my Longevity Guidebook here: https://qr.diamandis.com/bookyt  ____________ I only endorse products and services I personally use. To see what they are, please support this podcast by checking out our sponsors:  Get started with Fountain Life and become the CEO of your health: https://fountainlife.com/peter/ AI-powered precision diagnosis you NEED for a healthy gut: https://www.viome.com/peter  Get 15% off OneSkin with the code PETER at  https://www.oneskin.co/ #oneskinpod _____________ I send weekly emails with the latest insights and trends on today’s and tomorrow’s exponential technologies. Stay ahead of the curve, and sign up now: Blog _____________ Connect With Peter: Twitter Instagram Youtube Moonshots

Transcript
Discussion (0)
Starting point is 00:00:00 The numbers are insane. Bitcoin compared to everything else over the last number of years, outperformance is off the charts. I think that's probably going to be the safest bet going forward. And I would much rather put my money into Bitcoin than an aggregate fund today. Is it still safe to own the broad stock market through an index fund over the next 20 years, considering all the disruption that's going to occur. The biotech industry was decimated over the last four years.
Starting point is 00:00:30 I think a lot of that's going to come back. So index funds around small biotechs think will do well. Make your organization as adaptable as possible, and that will give you future proofing and staying power. That was what was going to drive the future in a huge way. How high will Bitcoin go in 2025? What are your predictions? My guess is 300K by the end of the year.
Starting point is 00:00:55 Everybody, welcome to Moonshots, our special end of year episode in which I'm going to be answering your questions. We're doing an AMA myself and Salim Ismail in this special WTF Just Happen in Tech. This segment is sponsored by three companies I use daily. Fountain, Viome and OneSkin. Fountain is my company that helps me avoid disease and helps me understand what's happening to me. I go in for an annual upload every
Starting point is 00:01:21 year to answer two questions. Anything going on inside my body I need to know about and what's happening to me in the future that I can optimize myself. Viome is built custom supplementations for a surprisingly affordable price. They measure my gut microbiome and deliver supplements that are custom made for my body, my gut, my oral microbiome. And one skin is how I keep my skin looking young. I get a lot of compliments on my skin, which constantly surprise me. And I tell people it's from my OneSkin product, an incredible technology for finding senile cells on my skin, zapping them and keep me, you know, looking good, at least to myself in the mirror.
Starting point is 00:02:01 Everything is linked below. Enjoy this episode. Your questions answered by Saleem and myself. Alright Saleem, we have a lot of really incredible questions. Some of these are made me think and I'm excited about your thoughts. The first one is from Zovarian. It says, if BMIs grant us unprecedented access to the human mind, How will this redefine our concept of privacy agency even what it means to be human? And when he says BMIs he doesn't mean you know body mass index. It's
Starting point is 00:02:33 Brain computer interface or brain machine interface. So what happens there? What do you think? You know, it's like I said in the last episode, right? I think we're gonna take increasingly more functions of of the brain that we have dedicated neurons towards, like our memory neurons are now outsourced to the smartphone. It's just going to free us up a lot more for the creative aspects of being more human. For the last couple of hundred years in work, you got measured by how robotic you were, how many widgets
Starting point is 00:03:00 such thing you could do. And now the most valuable employees and colleagues you have are the ones that can are the most human So I think we're in the fastest I think we're gonna this is gonna if you allow it if you turn on intimacy mode where someone else Can know your all of your thoughts? There's a level of intimacy that occurs that is very rare today I think you're gonna give AI access to everything
Starting point is 00:03:26 because it'll make your life automagical. All right, so, at B.ez asks, thoughts on Sailor and Microstrategy's Bitcoin Playbook. So, at B.ez, as I mentioned in a previous podcast, I just had dinner with Michael and his playbook is amazing. We're gonna do a podcast, actually actually on how to implement his playbook, how to turn other companies on the Bitcoin standard. The performance micro strategies is off the charts and Michael is one of the
Starting point is 00:03:59 most brilliant people that I know and he's gone, he's dove in deep. All right, let me ask this one of you, my friend. Are you concerned that quantum computers, breaking encryption and hacking crypto wallets? What do you think about that? I'm not because as we get to quantum encryption, break or quantum breaking encryption, we also have quantum encryption standards that are emerging.
Starting point is 00:04:23 And we'll just move to the standard. It's an arms race. Uh, what, what is under threat is all the decades of past stuff that's encrypted, that will be at more risk, but the time value of that is much lower. You know, I've heard people say we've got about three years to start getting, switching over maybe, you know, and five years we need to be there but just to remind folks I'm not concerned about it breaking encryption on my Bitcoin wallets I'm concerned about breaking encryption on nuclear codes or on the
Starting point is 00:04:55 entire banking industry much bigger concern you know your Bitcoin wallets may they grow exponentially or not And peacefully, not the major problem. All right, at MouseboyScience says, will you in any way contribute to the Mars colonial missions starting in six years? Would you go yourself or provide resources for those who go on your behalf? When will we see humans on Mars? So great question. When I was interviewing Elon last in October, I asked him, I said, Elon, when is Starship
Starting point is 00:05:29 going to Mars? And his answer was aggressively the next couple of years. So I think we're going to see as soon as Starship is operating, it's going to be going to orbit around the Earth. We'll see it landing on the moon with its landing legs and then we'll see it going to mars I mentioned in a previous episode in my predictions for 2025 That I think we're going to get a clarion call from the trump white house saying boots on mars by 2030 Reminiscent of jfk, but those boots are going to be an optimist robot. When would I go?
Starting point is 00:06:01 Uh, i'd like to go to the moon actually. That's my first priority. Mars, sure. After there's a nice chalet and jacuzzi waiting for me there. I don't want to rough it. I'll rough it on the moon because it's close by. But on Mars, if I'm going to go for two or three years, I want to be able to enjoy myself. So some robots digging Martian soil and building first. How about you? Do you want to go to Mars? I really don't. It doesn't look so great over there. I totally agree with you on the moon. I would go there in a second. I think Mars is for the next hundred years or so, definitely a one-way ticket.
Starting point is 00:06:36 Really? No, I don't agree with that. I think it's around here. No, no, one-way ticket meaning you can get there. It's going to be very hard to get back. Well, the whole idea of Starship is that it's being fueled with methane and liquid oxygen. Not from a physics perspective. It's the human, it's the time lag, it's all of the human aspects of all of that. I think we'll send humanoid robots for a while and that'll be great. I think it'll be a while before we send the first beings. And then it'll even longer before they come back.
Starting point is 00:07:08 What's interesting is Bezos and I, I've known Jeff since college. When I saw him back after Amazon was started, I said, Jeff, what are you doing with this Amazon thing? I thought you wanted to go to space. Because I make my money in Amazon and I'll spend it in space. And he's doing that now.
Starting point is 00:07:24 We're going to see New Glenn, their first orbital mission to space. He goes, I make my money in Amazon and I'll spend it in space. And he's doing that now. We're going to see New Glenn, their first orbital mission effort very shortly. Good luck, Jeff. But his vision is rather than going to Mars, let's build O'Neill colonies, large colonies that hold a million people, build out of asteroid materials that are rotating to give you 1G and are in orbit around the sun, maybe co-orbiting with the Earth. And I would love to go and pioneer one of those,
Starting point is 00:07:51 bring all my friends along and build one. All right, next question is at Felsow. How long until we can experience something like Oasis, Ready Player One? I imagine AI has to come first for something like that to be possible. What do you think? I think we're almost there now.
Starting point is 00:08:10 I mean, you take some of the virtual reality and augmented reality apps, it's kind of incredible. If you look at the latest Grand Theft Auto, it's almost indistinguishable from real life. And there's this point in time where resolution on a screen exceeds that of the human eye, and we're just about there now. And that changes the game completely. What's interesting about all of this is that virtual reality is much more disruptive than real reality, right? And therefore, you'll see some really fascinating things happen. So gamifying it and going to a ready-player-one
Starting point is 00:08:41 scenario, I completely see that happening in the near short to medium term future. I just finished some time with Alvin Graylin, who is one of the real visionaries. He wrote a book called Our New Reality. And talking about this, and it's really AI, like the question said, is fundamental to have this happen. And we're seeing, you know, Sora and new stability AI and a number of these being able to generate in real time scenes to create whatever you want. And so I think we're there within two years
Starting point is 00:09:18 that the hardware on your head has to catch up. Do you own a Vision Pro? I don't. I've tried it but I don't own one yet. I think for a while it's gonna be used in very specific applications like surgery and fixing sensitive aircraft parts and things like that. I think we're a ways away from the profile of that. The meta glasses are really an amazing leap forward at a couple of levels and I think that's where we'll see things happen first. But I think we're a year or two away from the hardware being anywhere near workable to the way we want it to. Agreed. You know, it's
Starting point is 00:09:56 interesting because I own a Vision Pro and it's been sitting under my desk. I've used it twice, which tells you something, right? The software isn't there yet, and the hardware is difficult to get on and off. It should be something you put on, and it's instantly you're there. And you don't notice it. And it needs to weigh under 50 grams, which you know, a pair of glasses.
Starting point is 00:10:19 Next question, who else besides Elon is working on brain computer interface, and do you think anyone is going to enable Rick Kurzweil's predictions to come true? So raise predictions, 2033 mid 2030s high bandwidth BCI. So you're able to basically communicate directly with the brain, think in Google, you know, bypass the peripheral nervous system. You know, I've got one answer to that. I mean, there are a number of incredible BCI companies.
Starting point is 00:10:52 One of them in particular is going to be on stage at the Abundance Summit this year. It's science. Max Hodak, I mentioned him in our last podcast, is the CEO of that. And they have a brand new technology that rather than like a thousand little microfibers which Neuralink puts into the neocortex of the brain we're talking about tens of millions the way they do it. I'm not going to disclose how you'll learn about it. It blew my mind when I saw this
Starting point is 00:11:20 and I think we're going to be seeing a lot of companies coming into the BCI space. So here's the question, would you get one? Oh, 100%. Yeah, I think the whole brain modeling thing is incredibly hard to do, but interfacing with the brain is a much easier thing to do. And it's important to note that we've got a long spectrum interfacing with the brain, yoga, martial arts, prayer, meditation, then neuro-linguistic capabilities and neuro-linguistic programming, etc., etc., all the way to psychedelics. But once you have technological interfaces, those accelerate at Moore's Law.
Starting point is 00:12:00 And now we can, it's like the comment about sleep, we still have no idea why we sleep but the more we can help it along it's better and therefore we have lots of technologies that can help it we don't need to know exactly how it works and so sleep the brain the brain will operate in the same way I think we'll interface it within really powerful ways we sleep per chance to dream all right at imagine action 38 says is it still safe to own the broad stock market? Through an index fund over the next 20 years Considering all the disruption that's going to occur great question. How do you think about it? I think it's very simple that what's gonna happen it and this is a plug for EXO
Starting point is 00:12:39 Where we've done an analysis that showed that the more flexible and adaptable an organization is. This is a study we did on the Fortune 100. Delivery is 40 times the shareholder returns over a seven-year period than those that were least flexible, least agile. So therefore the name of the game in a volatile future is make your organization as adaptable as possible and that will give you future-proofing and staying power that was what was going to drive the future in a huge way. I'll give two data points of a friend of mine who is a billionaire in Silicon Valley and he when Trump took the White House he basically took a bunch of money and dropped it into index funds and basically said we're
Starting point is 00:13:25 gonna have a roaring 20s and I'm getting invested in QQQ and a few others. I mean the biotech industry was decimated over the last four years and I think a lot of that's gonna come back so index funds around small biotechs I think will do well. But one of the questions is, do you put it all into Bitcoin? I mean, the numbers are insane. If you compare Bitcoin compared to everything else over the last number of years, outperformance is off the charts.
Starting point is 00:14:00 I think that's probably going to be the safest bet going forward. And I would much rather put my money into Bitcoin than an aggregate fund today. Yeah, I don't know where Bitcoin is at this very moment. 107? As we're speaking here, Bitcoin is at 106.5. Yeah, so, I mean, listen, it's gonna be up and down, up and down, but your prediction for 2025 was Bitcoin at 300. I think that is very possible and it's due to a lot of factors, including everybody beginning to start to think about, do we replicate what Michael's done, Michael Saylor?
Starting point is 00:14:39 I think a lot of people are going to follow his lead. By far, you'll get multiple entries in that, therefore, it'll just expand the scope of that whole domain of using the bond market to augment etc. So I think there's a huge future in this. Here is a great question from Nithi Ashree, who says imagine that you're 23 right now. Actually I think I'm 23 right now. Actually in my mind I'm 28 right now. Actually, I think I'm 23 right now. Actually, in my mind, I'm 28 right now. What would you do? Would you build planetary resources? What would you read and learn?
Starting point is 00:15:12 Where would you put your time and money? Where would you travel? What tech will you absolutely master? What will you question about? So a lot of great questions. You could take an entire episode to discuss just that. But you're 23 right now. Salim, what would you question about? So a lot of great questions You could take an entire episode discuss just that but you're 23 right now Salim What would you be doing if I was myself telling my 23 year old and me what to do? Unintended I would say go study philosophy a lot more and go learn
Starting point is 00:15:39 The liberal arts a lot more because it gives you different frames for thinking about the world which I think are very the liberal arts a lot more because it gives you different frames for thinking about the world, which I think are very powerful. A little secret about Silicon Valley is more than half the CEOs are liberal arts background, which is kind of an amazing thing to comment on. So if I were 23 right now, I would be diving deep into AI or biotech. I think these are the two industries that are defining the next decade. They're both massive trillion dollar opportunities. So I would get absolutely clear about my purpose in life, my purpose and passion. MTP. Yeah and by the way if you don't know what your massive transformative
Starting point is 00:16:18 purpose is, my team and I have built a platform called mypurposefinder.ai. It's free and it will walk you through a process. It's really, really easy and walk you through the process of defining your massive transformative purpose. So, find out your MTP and if it's related to AI or health and longevity, those are two incredible exponential growth curves ahead of us. Would I go and do planetary resources again? Yeah, I still want to go do it.
Starting point is 00:16:56 But I need to go and do it when I've got a few hundred million dollars of cash in my pocket so I'm not going to raise the money anybody else because just it's just too painful to build These companies that are they're so cash dependent Okay, next question comes from at Alex Lubarski if you could design a system of health care in the u.s. Focused on youthful longevity. What would be the most important aspect? Alexi, I think the most important aspect right now is reinventing the food system. I think, you know, I'm all a thousand percent on board with RFKs make America healthy again. It's we're killing ourselves by virtue of the stuff we're ingesting. So
Starting point is 00:17:46 you know first do no harm. So it's let's get our health system in order. The second thing I would be doing is actually creating a set of sensors and AI models that are monitoring us 24 hours a day, seven days a week, right? So I've got my on my arm, I've got my continuous glucose monitor, got my aura ring, my Apple watch, just the beginning. There will be a suite of sensors that you wear on your body, in your body, in your car, in your bed, that's dribbling data to your AI and able to find
Starting point is 00:18:20 and accurately predict what's gonna happen to you and just doing that. And then it's about getting people to realize the power they have on sleep and exercise and mindset. Do you want to add anything to that, Salim? Yeah, I think two things. One is there's a massive amount of regulatory capture in the healthcare industry,
Starting point is 00:18:40 and you want to break through that. And I think that's the most promising aspect of the incoming administration is the opportunity and frankly, the obligation to do that because that's held holding back the health of Americans in a huge way. I think that's one. And the second thing is a faster path to market
Starting point is 00:18:57 for breakthrough in new therapies and diagnostics. Yeah, for sure. Right now it takes seven years to get through the FDA and by the time your drug is approved,'s out of date. So there's so much more. And by the way, just to plug here Peter, for those who have not watched your interview with Jack Hittery, absolutely drop everything and go watch that interview that Peter did with Jack a couple of weeks ago. It's unbelievable to see what's happening and what's possible now with quantum sensors and quantum
Starting point is 00:19:24 computing coming in line. The opportunity for transforming healthcare to see what's happening and what's possible now with quantum sensors and quantum computing coming in line. The opportunity for transforming healthcare is absolutely there and we need to take full advantage of it. Well, it's what you teach inside of OpenEXO. I mean, there's so much disruption that is there, especially in the highly regulated. And I think you nailed the head, nailed the whatever. Get the mail out nailed the whatever.
Starting point is 00:19:45 The nail on the head. Yeah, something like that. On the regulatory reform that's required. It's just, and people are, you know, the wealthiest people I know are leaving the country to get advanced healthcare elsewhere. Makes no sense. Yeah, crazy.
Starting point is 00:20:01 All right, next question. Did you see the recent study done on the ability of AI to diagnose better than humans or better than humans plus AI? What are your thoughts? Did you see that one? Well, this has been in different domains. It's been around for a while now, right? But let me give you the numbers.
Starting point is 00:20:18 So it's approximate numbers. But like a physician by themselves with a set of data can diagnose like 70% accuracy. A physician with a chatbot by their side can get it up to 75% but an AI on its own is like at 90%. Like why? Well, you know, the physician is biased, you're injecting all the wrong information and it's like insane how, you know, how, anyway, I'm going to stop my rant there. Yeah. So, um, just like human beings should not be driving cars, because we're terrible control systems for two-ton cars going high speed. Doctors, human beings should not be doctors. Um, the legacy seven years it takes. Don't tell my nieces that. I know, but look, you tell you spend seven years earlier in your career or becoming a doctor and then you never refresh.
Starting point is 00:21:07 Right. And that's just absurd given the amount of continuing medical education, CME credits and so forth, but the field today, today's a special day. My sister, Marcel just, just, uh, passed her functional medicine exam. And so functional medicine exam. And so functional medicine is a branch of medicine,
Starting point is 00:21:29 which is root cause looking at on a cellular level, what's going on. And it's so much more advanced than what you're learning in medical school. So she went back and spent a year basically retraining in this. But even then, you're're right in AI in functional medicine is gonna just be that much better I remember Daniel Kraft making
Starting point is 00:21:50 this comment that until very recently in seven years of medical training you only got one hour of genomics that's just ridiculous and why because you can't update the education system right in an easy way that are you talking about immune systems education and, and health care, the worst there are out there. Yeah, it's insane. All right, at mathgov says, how do we overcome exponential tech being used to wage future wars?
Starting point is 00:22:18 Interesting. You first, buddy. Well, the good news is this is an arms race that we've seen before where bad people will use AI unfiltered on regular restrict with regulatory ethical in certain concerns It makes it actually easier to spot and then you can police the big one quick anecdote here Please mark Goodman who wrote future crimes 2015 Amazon Business Book of the Year tells us great story
Starting point is 00:22:42 there was a bank robbery and like somewhere in the Midwest and Amazon business book of the year tells us great story there was a bank robbery in like somewhere in the Midwest and the bank manager calls the police and says they were all dressed as construction workers and they robbed the bank. Police are like oh they should be pretty easy to spot, spot. Except what the bank robbers had done and had put an ad on Craigslist saying anybody who wants a high-paying construction job show up with all your gear at nine o'clock at this location. So there were 800 construction workers in this square and so they essentially crowd sourced their escape and melted into the crowd.
Starting point is 00:23:11 The creativity that comes from that element is so amazing that you don't want to lose that. Can you guide it in more constructive ways? So I think what happens is as we figure out the techniques used by the bad guys, we fix it. Years ago we were totally thought that spam would take out all email or that the phishing would make the internet ungovernable and we've managed to solve those pretty quickly. So I think the same thing will happen as we have bad actors and the latest technologies.
Starting point is 00:23:39 So the question really is exponential tech like drones and humanoid robots and humanoid robots with guns or AI powered tanks waging future wars you know my bigger concern yeah would be biotech because some people design a virus that could and they could say to that virus go find all middle-aged brown guys with a Norwegian sweater and attack and that would be a bad outcome right and so how do you deal with that is not a non-trivial thing well you've got your attack dog in the background there ready to defend the dog was trying to protect me from the back yeah not that that dog could do
Starting point is 00:24:17 anything to protect anyway but still it's a yapper. So Star Trek was such an incredible TV show that explored so much. And one of the things that has the potential for exponential tech is to take humans out of the loop. So it's like robots fighting robots or drones fighting drones. And there was an episode of Star Trek, I don't know if you remember it, it was called like the Forever War or something like that,
Starting point is 00:24:46 where Kirk and Spock beam into the planet and they find a society there where there are two societies that have been basically at war for like thousands of years because they did it in an AI simulation where they were like in the simulation and they They would say okay in the city precinct Uh 100 people died here. So go in you hundred people have to go into this booth where you'll get vaporized And so they had a war going on that didn't destroy the environment
Starting point is 00:25:22 Didn't destroy buildings and it just very neatly executed people. And then Kirk gets there and goes, listen, if your war isn't bloody, you're never going to end it. So then he destroys that system and says, if you want to have a war, have a real war. I love Star Trek for having explored all these areas. So that's a question. Shout out to the underlying framing of Star Trek,
Starting point is 00:25:47 which was IDIC, infinite diversity and infinite creativity. I think we are seeing that already. Let's note that the Russia-Ukraine conflict is being prosecuted by something like half a million drones more than people. And the number of people killed by war is that it's an all-time high, an all-time low in human history.
Starting point is 00:26:11 So that's already happening and trending. We don't notice it because we only see the current wars and the current conflicts and we see it amplified in the news. But things are getting much better on that front and should get much better exponentially as we take out the need for war. My favorite example to give people a counterpoint is once you have abundant energy which is coming shortly then what are you fighting over because the oil was the thing we've been fighting over for the last hundred years and so there's all of that to think about as we change the underlying
Starting point is 00:26:38 dynamics that will have some impact on conflicts. Well let's go let's go there on energy because I think it's very important. We didn't talk about predictions for energy for 2025 in our last episode. But I do think we're going to start to see a real refocusing on resources and energy, in particular, in the United States. And I think we're going to start to see fourth generation nuclear power plants becoming the thing that's
Starting point is 00:27:03 going to power our hyperscalers. Absolutely, and small nuclear and fourth generation are going to change the game. And if we don't do it, everybody else will. And so it becomes incumbent that it has to be done. It'll get done everywhere. It's just the time lag until those things come online that we have to worry about. And hopefully we can get through that without too much difficulty. Do you think, when do you predict fusions gonna come on? I'm hearing a lot of conversation on Helion being actually delivering commercial grade by before 29 yeah, I think solar and storage
Starting point is 00:27:38 Trump fusion because if you have solar at very very low cost and storage at near low cost, at almost zero cost, and it becomes very distributed and decentralized, that trumps fusion. Yeah. And so I think that'll take place before the need for fusion, but fusion is definitely coming in, as we've been saying since the 60s, it's five years away. One of my favorite companies I advise is a company called Paranova and it's a perovskite company. Alright so folks need to realize you know not all solar is made the same. There's solar thermal where
Starting point is 00:28:14 when I'm flying from here to Las Vegas and I fly my plane over these solar thermal, all these you know that tens of thousands of mirrors all pointing the Sun at the top of this tower where there's a molten salt and it's driving a generator. That's great. And then there's photovoltaic, which are silicon, and those are typically converting at like 20% efficiency. But then there's this material called perovskite,
Starting point is 00:28:39 and you and I were on stage talking about this years ago. Yeah, we saw this, I think in 2013 or 2014. It was in the labs for a few years. Now it's gotten to commercial scale. The only issue now is maintenance and how long will they last before they need it. But they're very inexpensive and therefore that gives us huge opportunities. Here's the numbers. Conversion rate rather than like photoable take at 20% these are at 30% higher conversion rate and it and has the
Starting point is 00:29:06 potential theoretically to get up to the mid 40s and it's like 40% cheaper than silicon. Yeah and doesn't use rare earths because it's a widely available. It's flexible and can be used in space so Paranova is one that I'm tracking in that regard. in space. So, Paranova is one that I'm tracking in that regard. I think energy, you know, if Trump is successful in his notion of we're going to become the most rapidly generating energy nation on the planet, that fuels massive tipping points across everything. Yeah, I think the only issue there is climate and environmental concerns, and nuclear trumps both of those. So a nuclear kind of energy explosion, pun intended,
Starting point is 00:29:54 in the US would be amazing from a generation perspective. Well, I was in conversation with Eric Schmidt, again, in Riyadh, and we were talking about energy. And he was like, listen, we're going to solve the climate crisis by virtue of new breakthroughs in AI. And I, you know, one of the things I'm seeing is countries are saying, listen, I know we made these commitments for, you know, reversing carbon emissions,
Starting point is 00:30:21 but we can no longer abide by those because we need to produce more energy to win the AI race. And we can use AI to solve our climate crisis later. Thoughts? Well, two thoughts. One is, nation states can solve climate change. That's the wrong construct to do it. And therefore, trying to do it at a country level through the UN and through COP doesn't work and it will never work and hasn't ever worked at all.
Starting point is 00:30:48 That's number one. Number two, it's clearly a technological solution because even if we stop all fossil fuel emissions today, there's still too much carbon in the atmosphere. Hence the carbon extraction XPRIZE, which is so important that XPRIZE is running. So just by an aside for folks who don't know, I was able to get Elon to put up a hundred million dollars for an XPRIZE to remove carbon out of the atmosphere of the oceans. We launched that about five years ago or so and we are going to be basically awarding that in April of 2025. So stay tuned. It's coming up very quickly.
Starting point is 00:31:24 That's an unbelievable and what I remember hearing was there's massive numbers of teams that have applied in equally in rock sequestration, water and air. And that gives incredible optimism that we'll find a technological solution. I remember talking to Al Gore about this and he said, the best way to think about this is we have to run all of our mines and power plants backwards for a hundred years. That's how much carbon we have to extract and we have to figure that out. It doesn't matter what else we do. We have to run all of our minds and power plants backwards for 100 years. That's how much carbon we have to extract. And we have to figure that out.
Starting point is 00:31:47 It doesn't matter what else we do. We have to solve that problem. So at Leader Stocks says, what jobs will be in demand in the future? Where should I focus my attention for myself and my kids? At Leader Stocks, I think, focus your attention and your kids on what you're passionate about.
Starting point is 00:32:04 Become a expert in the problem space. And then every time new technology comes along, apply that to the problem space. What do you tell people about jobs, buddy? Exactly the same thing. Because the last few hundred years, we've been doing education and jobs on the supply side. You become an accountant or a doctor or an engineer,
Starting point is 00:32:20 and you try and sell those skills in the job marketplace. Now we're shifting to the demand side, where we're saying, what problem do you want to solve? And then acquire the skills and technologies and capabilities to solve that problem. And that's much more fulfilling than trying to figure out how to become an accountant and then spending your life trying
Starting point is 00:32:36 to figure out how to sell those skills, which is a nightmare, which you never want to do because your parents wanted you to do it because they're Indian. So now we can go to the demand side and solve all of that. All right, one of our last questions from the community here is at gglab says, here's a philosophical question. What if sleep was embedded into every single organism
Starting point is 00:32:54 so that the simulation can save energy? What's your take? I love that. I'm clear that we're living in a simulation. I don't know how you feel about it. No, no, we're on agreement on this. I think you had the best framing of it, that life is too goddamn interesting to be alive right now. It has to be a simulation. I don't know how you feel about it. No, no, we're on agreement on this. I think you had the best framing of it that life is too goddamn interesting to be alive right now. It has to be a simulation.
Starting point is 00:33:08 Yeah. I think of it the following way. When you look at all the research on sleep, the only viable means and necessary conditions, the only reason actually we can figure out that we actually have sleep is to do back-end processing and filing of all the sensory things that happened to us during the day. And therefore, it's like literally a batch processing of your day's inputs, and which lends itself completely towards the fact that we must be living in a simulation
Starting point is 00:33:38 because of the computational needs to sort of what happened and get ready for the next step. All right, I'm gonna hit three final questions here. So the first one, it's the end of 2024 What are you focused on right now? um What are you focused on? I'll tell you what I am I'm focused on uh, what is the broad?
Starting point is 00:33:55 um civilization Institutional transformation those needs to take place. Now, do we get there? That's my big mtp anyway. Wow. Okay Uh, it's a niche project. I'm focused on the release of my new book called Longevity Guidebook, How to Slow, Stop, Reverse, Aging, and Not Die from Something Stupid. And that's coming out on January 3rd.
Starting point is 00:34:18 Yeah. And for me, it's one of the most important books. My goal is get it out into the world, providing it at cost to anybody. If you buy on Amazon, it's twice the price, but I donate those funds to the XPRIZE Foundation. If you go to longevityguidebook.com, you can get it with a bunch of other benefits
Starting point is 00:34:37 at the cheapest possible price. All right, what are you not focused on? Saleem, so what are you not focused on end of the year What are you not focused on end of the year? I'm not focused on everything that happened during 2024. I want to put this year behind me as fast as possible. It's one of those things when you're an entrepreneur, you go through ups and downs, and this has been a tough year. Yeah, and it's not about the politics of democratic politics.
Starting point is 00:34:58 No, no, nothing to do with politics. Just sheer startup chaos and madness. You had some madness that you're over now, and you're dominating, and you're winning, and I'm excited for your brother. I am not focused on politics. I don't focus on the past at all, really. So I'm like, just forward vision.
Starting point is 00:35:17 I'm trying to be more present over the holidays here. And the third question here is, do you take time off during this time of the year? If so, how do you spend your time? How about you, buddy? Absolutely. I've got a stack of 45 books on my bedside table that I'm trying to read. And God knows how many podcast episodes I'm trying to get to.
Starting point is 00:35:37 Also every year, Lily and I do kind of an end of year completion to kind of really put the bow, a year in a bow and wrap it up and kind of go, okay, seal that away. And then also visioning for what do we want to see accomplished as a family, as careers, as from a healthcare perspective for the year coming. So we'll work on that together. That's beautiful. I love this time of year. It's me time. It's a chance to actually It's a chance to actually do some deep thinking. I'm focused on trying to get clear about what is my stop doing list? What do I take off the table? What boards do I resign from?
Starting point is 00:36:15 What things do I stop doing? How do I refocus? I think, can I just comment on that? It's, you know, Steve Jobs used to say as a product, the hardest thing is to what features not to include. I think, can I just comment on that? Yeah. Steve Jobs used to say as a product, the hardest thing is to what feature is not to include. And I think the stop doing list is such a critical thing because we overload ourselves so much.
Starting point is 00:36:33 I need to take that on. Writing is done right now. Stop doing more stuff. Correct. As long as these podcasts with you and me are not on your stop doing list, because I love them too much. The other thing is it's a time to write so I love writing. I hate writing. You hate writing? I hate writing. Okay I love writing. That's fine I'll do the writing for both of us.
Starting point is 00:36:53 I've got my book, next book after, longevity guidebook is called mindset mastery. It's about 70 80% done and then Steven Kotler and I just sold a book to Simon and sister called Age of Abundance, which will come out in 26. Yeah. And it's, and Steven's such a beautiful writer. I'm always learning from him. He's awesome. He's awesome.
Starting point is 00:37:15 Can I tell a very quick anecdote? Very quick. I remember when Steve Jobs died, I got a ping from Vogue saying, would you write a little summary article about what happened and et cetera, et cetera. I was like, I can't. I'm in the middle of what happened etc etc. I was like I can't I'm in the middle of running an executive program I have no time and Steven Cotler of Pingsby goes are you crazy do you know how hard I work as a writer trying to get into they're asking you and you're saying no you know I'll help you and I wrote the article and he edited it and and god damn the skill he made two little tweaks that made the whole thing pop. And it was like, goddamn
Starting point is 00:37:45 the skill that people like that can bring to the table. I want to do a quick shout out to you, Peter. I think it's one of the things that's so amazing collaborating with you is people that can think at a very, very high level, and there's people that can execute like hell and get shit done. And you have this unbelievable skill of being able to do both the top and the bottom and then flip them. And I envy that so much about you. I love you, brother.
Starting point is 00:38:09 I'm so happy to be partnering with you in so many different ways. Good luck to the OpenEXO community. Add Salim Ismail is your handle, isn't it? It is. Yeah. Merry Christmas, Happy New Year, Happy Hanukkah, whatever your celebrations, end of the year, I hope you are filled with abundance. This is the most extraordinary time ever to be alive.
Starting point is 00:38:29 All right, let's take our moon shots for 2025 and I'll see you soon. Absolutely, please everybody go get drunk. Be well. you

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