Radiology shortage shows AI doesn't always destroy jobs
“We've seen in radiology, which is an interesting example because radiology is image processing. Computers and AI are much better than humans at and have been now for several years. And so you can now go into an MRI center, and if yourself pay $300 and get an MRI. It dramatically down in pricing. And so people are getting many more scans, and they're being read by AI with a radiologist approving them. So I had thought four years ago, gonna be devastation in radiology. Well, we have a shortage. Now. We have 35,000 radiologists. We need about 40,000. Wages are high.”
Drop STEM obsession and double down on emotional skills
“STEM practically took over Stanford University. Okay? And now maybe what we'll see is a rotation, you know, back to the humanities into, understanding combination of, history and literature, but also kind of the the physiology of the brain and, you know, how we interact with each other. If I had a three year old today, I would be, like, doubling down on the emotional skills.”
Operating and investing require opposite personalities
“Well, it turns out that operating personality is really different from allocating capital personality. So operating personality, you're like a dog with a bone. You never give up on a problem. You just work it. You work it. And investing personality is staying very broad, not falling in love with an idea, you know, cutting your losses and moving on.”
Middle-power countries face brutal AI strategy choices
“If you are a middle power like Argentina, should you have an industrialization policy? Sure. Probably that makes sense. Will it work? Not clear at all because the power imbalance in The UK was so high. So they would they were laws preventing, you know, looms and various things from being in India. So the cotton, you know, from India had to come and then get processed in The UK, and they enforce those laws with their military.”
Pay follows shortages, not value—teachers prove it
“Well, let's see. You describe as some jobs as valuable, but, like, you know, teachers are very valuable and not paid very much. So I don't think pay follows value very much. It follows shortages and demand and supply. Okay? So the question is, for wages, what jobs will be in shortage? And I think it's all those jobs that are emotional that computers are not very good at because we'll we'll have a lot of need in those.”
Satya's 2018 OpenAI bet catapulted Microsoft's Azure
“So then that comes back to Satya made one incredibly ballsy, insightful decision, which is to invest in OpenAI back in 2018. So, you know, he bet big on AI, and that catapulted them both reputationally and in terms of other a little bit on the prop and in the Azure business. So it was the workload that then has grown Azure into a monster and a big success.”
Reid Hoffman gets mistaken for Reed Hastings at conferences
“Oh, Reid Hoffman, Reid Hastings, both in deck. So I get introduced sometimes at conferences and someone's done the quick chat GPT and they, you know, do it on read or read h or something, and they call me the founder of LinkedIn. And I'm very excited cause that's a hell of a business.”
AI won't replace emotional entertainment like live sports
“Anything that lives in the emotional realm will be impacted not as much by AI because we humans react to these things emotionally. And so, again, I think we'll not watch robots playing basketball. And so it's the easiest example for people to get that things that are emotionally sip pleasure, emotional stimulation, will still do. So, you know, you like to give and get real flowers, not fake flowers.”
Alpha School is the Tesla Roadster of AI education
“Alpha School is our Tesla Roadster for AI schools. Well, it starts with McKenzie and Joe's philosophy that the kids have to love school and they love vacation. So the number one goal is they don't wanna go on vacation. They wanna stay in school because they love it so much. And so they do two hours on software a day where, you know, it's relatively practice and drilling and these kinds of things, but they have a coach really motivating and helping. And then they get the reward for that as they get to spend the rest of the day doing stuff they want.”
“Okay. So let's look at electric cars. So 2007, we had self drive sorry. I I should say self driving cars. 2007 was the DARPA challenge, and it was like it actually did work in self driving cars in a limited lab. And now twenty years from now, it pretty much works. But the percentage of miles driven self driving by the machines by high end Teslas and by Waymos, it's gotta be less than 1% of global miles. So think of it as in twenty years, robots will do maybe 1% of the plumbing. At most.”
