Google decided that work life balance and going home early and working from home was more important than winning and the startups the reason startups work is because the people work like hell and I'm sorry to be so blunt but the fact of the matter is if you all leave the university and go found a company you're not going to let people
10:08
work from home and only come in one day a week if you want to compete against the other startups

as much as we can dislike elon's personal Behavior look at what he gets out of people I had dinner with him and he was flying he I was in Montana He was flying that night at 10 p.m. to have a meeting at midnight with x. right think about I was in Taiwan different country different culture and they said that this is tsmc who I'm very impressed with and they have a rule that the starting phds coming out of the they're good good physicists work in the factory on the basement floor now can
11:20
you imagine getting American physicists to do that

there is a belief in the market that the invention of intelligence has infinite return so let's say you have you put $50 billion of capital into a company you have to make a awful lot of money from intelligence to pay that back so it's probably the case that we'll go through some huge investment bubble and then it'll sort itself out that's always been true in the past and it's likely to be true here

there's a company called mstr in France they've done a really good job um and I'm I'm obviously an investor um they have produced their second version their third model is likely to be closed because it's so expensive they need revenue and they can't give their model away so this open source versus closed Source debate in our industry is huge and um my entire career was based on people being willing to share software
26:21
in open source everything about me is open source much of Google's underpinnings were open source everything I've done Tech technically and yet it may be that the capital costs which are so immense fundamentally changes how software is built

I fundamentally believe that the the sort of college education High skills task will be fine because people will work with these systems I think the systems is no different from any other technology wave the dangerous jobs and the jobs which require very little human judgment will get replaced

being an entrepreneur is everything happens faster well now if you can't get your prototype built in a day using these various tools you need to think about that right because that's who your competitor is doing so I guess my biggest advice is when you start
43:52
thinking about a company it's fine to write a business CL plan in fact you should ask the computer to write your business plan for you um as long as I should talk about that after you leave this and and but but but I think it's very important to prototype your idea using these tools as quickly as you can because you can be sure there's another person doing exactly that same thing in another company in another University in a place that you've never been