The best Ken Griffin interview I have seen. Fantastic line of questioning

15 minutes in… snore

Drop the model THEN retroactively farm hype, OpenAI should take notes

Holy shit, had no idea Dario worked on Concrete Problems in AI Safety. Absolute legend.

Interesting that Ilya couldn't align himself with Anthropic.

To bad this guy is such a statist 42:00

Mr. Amodei- please have your chief of staff contact me at your earliest convenience. Thank you.

Sweet. My favorite podcast with a super timely interview. We still use OpenAI's models for mission-critical and secure enterprise scenarios; however, I'm enjoying Sonnet for ad hoc work. I agree that the Anthropic models feel "warmer" which makes them better for writing. I was also doing some SQL queries this morning for analytics, and Sonnet inferred my intention and gave me a little more data to make my results more useful compared to GPT-4o and GPT4. You could argue that it took the liberty of extending my intentions instead of giving me exactly what I asked it to do. However, the final results were more useful. Later in the day, Sonnet bombed on another log query task, GPT4 (classic) also failed, and GPT4o got it right. Thanks to all the companies pushing forward. It's a real pleasure to live through this transition.

By "YouSum Live" 00:00:31 Advancements in AI models and interpretability 00:01:19 Importance of understanding AI model decisions 00:02:48 Challenges in comprehending complex AI interactions 00:03:31 Striving for interpretability amidst model complexity 00:04:01 Balancing progress with model complexity 00:04:26 Designing AI models for warmth and human-like interaction 00:05:23 Pushing boundaries of model capabilities and efficiency 00:06:19 Envisioning AI models for diverse specialized tasks 00:07:30 Shaping AI integration in work settings for efficiency 00:08:52 Promoting ethical AI practices and industry standards 00:10:10 Navigating the future landscape of AI model interactions 00:12:41 Continuous evolution towards advanced AI capabilities 00:13:44 Implications of increasing scale and model advancements 00:14:32 Shift towards faster, cheaper, and smarter AI models 00:16:52 Excitement for AI models on mobile devices 00:17:41 Transition from Physics to AI 00:17:59 Pursuit of understanding intelligence 00:18:25 Transition from Neuroscience to AI 00:19:36 Concerns about AI safety and risks 00:20:17 Responsible scaling policy for risk mitigation 00:22:26 Evaluation of misuse and autonomous risks 00:26:00 Challenges in regulating AI 00:33:40 Positive impact of AI on discoveries 00:35:16 Potential productivity gains with AI 00:35:52 Potential of exponential growth in companies 00:36:13 Impact of AI on productivity and society 00:36:31 Speculation on extending human productivity 00:37:10 Predictions on AI advancements and discoveries 00:37:25 Importance of regulatory processes in innovation 00:40:02 Concerns about concentrated wealth and access to AI 00:41:09 Necessity of democratic oversight in AI development 00:41:34 Addressing the widening gap between rich and poor 00:45:08 Distribution of AI benefits among various stakeholders 00:47:31 Overcoming bottlenecks in AI development, focusing on data 00:51:43 Collaboration and competition dynamics in the AI industry 00:53:00 Emphasis on setting industry standards for responsible AI 00:54:10 Culture of simplicity and effectiveness 00:55:19 Fast-paced growth in AI industry 00:56:22 Hiring based on learning ability and values 00:58:42 Leading creative minds with decentralized approach 00:59:49 Co-leading company with sister, division of labor 01:01:03 Focus on social responsibility and public benefit 01:03:03 Importance of driving AI advancements responsibly 01:04:22 Relaxation through vacation and video games 01:05:35 Advice for young people on AI and skepticism By "YouSum Live"

imo Nicolai was pretty rude to Dario by cutting him off repeatedly and ignoring him at points. I know you want simple answers but let the dude speak.

I think Nicolai operates on the ethos of "if you can't explain it simply you don't understand it" because he is great at getting people to break information down into its purest form .. great pod 👍

What happened to the previous version of this video?

One of the best interviews that I have listened to in recent past. What attracts me to an aspirational global tech leader like Shantanu Narayan is his authenticity and genuineness. I also feel that the maturity and the composure of the interviewer (Nicolai Tangen) has made this interview a great one to listen.

Love it! Can you also interview Bernard Arnault CEO of LVMH ?

Calciopoli though.

It makes a lot of sense. If someone wants to have 10x bag and another guy wants to reduce the risk. How can they talk to each other. Each one and each decision must try to weigh both risk and reward. They are correlated I think.

I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.

He voted yes for Elon 2018 comp package. Now voted no. No integrity.

Same here, Nikolai! This company normally surprises on the positive side. Two decades in my case...

❤

Howard is incredible intelligent and wise, it's that that's made him so rich

Beautifully profound interiew by Nicolai Tangen of Sony Goup Chair & CEO, Kenichiro Yoshida.

Take aways: - Investment Principles: Risk Control, Consistency, Market Efficiency, Specialization, No Macro Prediction, No Market Timing - Annie Duke, “Thinking in Bets” - Risk Control, is not risk avoidance, risk avoidance equals to return avoidance, but risk is not also equal to return guarantee. The key of risk control, is risk awareness, able to analyze and take an unbalanced return-risk bet on it - Most of time market is not predictable, thus no market timing, but on the other side, when market is at extreme, it’s fairly predictable, but it’s very very rare. 5 times only in the 50 previous years. After the financial crisis, they buy large assets in the consecutive 13 weeks after the bankruptcy of Lehman Brothers. Most of the time, shall follow a bottom up fashion

Take aways: * Quitting Difficulty: Sunk bias, social norm. Holding is buying, if not willing to buy at current price, shall stop holding it. View it as a prospective rather than a retrospective problem. * Decision Quality: Resulting bias, people often judge the decision quality based on the outcome, which is not helpful to improve one’s decision quality much in the long run. * The best way to improve decision quality, is to formalize and write down the decision making process, and make probabilistic predictions over outcomes. Similarly, to have a better exiting strategy, shall have the quitting strategy ready even before the buying decision is made. * The reason why have quitting conditions ready at the very beginning, is because of the sunk bias people tend to rationalize the unsatisfactory fact, choose to hold on the current investment even the “expected outcome” is already very negative. * Decision making is not a one-time thing, but rather it’s a continuous process, typically the very first decision is critical, do-or-not-to-do; but also the decision making during the execution, pivot-or-continue-the-path. * In order to have the best decision made, it’s crucial to have a group of qualified people’s advise, to make them anonymously know the fact and get their suggestions, don’t let them know the result in advance or let them know the suggestions of each other in advance.

Reading from a script ol Kenny Boy! Enjoy your last bit of freedom

fctfcd

I have a tennis racket😂

Rarely leave comments but this interviewer really knows what to ask, how to ask and a lot of insights are solicited. Thanks!

ken is not a good guy

Hi Nicolai - excellent interview. As always: Complimenti!

Phenomenal interview with lots of wisdom shared. Thank you Nikolai and Howard for sharing this with us

Sawasdeekrap from Thailand.🙏

Big respect for this gentleman. Viva Italia!

Lot's of talking, yet saying very little..

Fantastic conversation

Another gem of a podcast, Nicolai!

How the backstabbing of his cousin Andrea and his mother Margherita went down would have been amanzing to listen to...

So what comments I have read sounds like this guy's going to prison soon

No timestamps?

Director of one of the biggest company in the world at 21 ? please tell us how hard you worked

As a shareowner from Poland of Exor, it's always good to hear J. Elkann :) Thank You for interview :)

Hi Nicolai Sir, Not sure if you are going to see this, but thanks for these podcasts - I see a lot of people (Podcasters/Interviewers) who are just not temperamentally/Naturally fit to be asking questions to these big corp. CEOs/Managers - You are in the industry and I think you do see through these business leaders sayings. All in all, what I am trying to say is you seem competent enough to ask questions that are precise, effective, and cut through to the point (Making it worth every second to watch/listen) - It’s because we can see (Or at least I can) and feel that competency through the way you listen and act. This in turn helps in much better quality answers as these questions are deeply thought about and challenge guests. - I have read and listened to Howard Marks a lot, and rarely he say " Thank you for asking interesting questions" Just thank you! Keep doing your great work. Hope your KZbin community grows.

Perhaps setting the camera else where might solve the issue of a slight shaking.

5 TOUGH RULES, DESIGNED TO DETERMINE THE NORGE INVESTMENT FUND, TO START WORKING FOR THE BENEFIT OF THE NATION & ITS CITIZENS & NOT TO HELP OTHER COUNTRIES TO OBTAIN IMPORTANT BENEFITS? Bad news for the Labour & center party. Electors are revolted, due to the ineffective management, of the Norge investment Fund & because of that, both the labour party & its government coalition partner, risk to lose the elections.Therefore, If the prime minister & the Minister of finance, as the leaders of the Labour & center party, want to keep governing the country, after the next election, they must fix a multitude of problems, that are linked to the inadequate administration of the Norge investment Fund. In such a purpose the Minister of Finance & the ones who are responsible for the administration of the Fund shall start to apply 3 tough rules, that I will present in this doc. After that, they can start to implement precisely projects, that are capable to create jobs for Norwegians, contribute on what is capable to reduce the high cost of living, & in the same time, permite both Nowegian government & authorities to reduce taxes & eliminate abusive fees. In order to enable electors who are revolted to understand how the Norge investment Fund, shall be admnistrated, in such a way to create jobs for Norwegians & not for employees from other Nations, in their own country, in the next 2 documents, I will present 17 example of projects, that can be financed with priority, by the Norge investment Fund because they are acapable to 1) Create jobs for Norwegians 2) Contribute on what is capable, to reduce the high cost of living. 3) Enable both Norwegian government & authorities, to attract billions of dollars, from other Nations, while creating a relativ big number, of well paid jobs even for the ones who are not graduated. Given that the respective projects, are capable to attract billions of dollars from other countries, while creating jobs in Norway for Norwegians, both the Government & local authorities, can afford to reduce taxes & eliminate abusive fees. 4) Help Norway government, to achieve strategic objectives in Africa, specially in countries, that have a relative big quantity of resources, that are needed in the Norwegian heavy & ship Industry. IMPORTANT TO KNOW Those are 4 examples of projects, from a list of 17, that I intend to present in a series of doc. After you shall realise what are the benefits that all the 17 project can bring to Norwegian citizens, employees, companies, CEOs, entrepreneurs, investors, Universities, academics, students, families, communities from rural area, you may understand, why the Norge investment Fund, has obligation, to finance them, with priority. Until then, I consider revelant to underline, what Nowegian electors, consider as damn Scandalous. CAN YOU BELIEVE THAT? instead a certain part of Norwagian citizens money, shall be used in Norway, to finance specific economic activities, that can create jobs for Norwegians & in the same time, contribute in what can start to reduce the high cost of living & permite authorities to reduce taxes & eliminate abusive fees, the money of Norwegian citizens, have been utilized, to help other Nations, to create jobs, develop their finance industries & generate a multitude of benefits, for their employees, companies, CEOs, top executives & authorities. Due to the situation gravity, I published this content, in the new media platforms, of the Norwegian prime Minister, Mr Jonas Gahr Store, the Ministry of finance, Mr Trygve Slagsvold Vedum, the leader of two opposition parties , Ms Erna Solberg & Sylvia Listhaug I also present it, in the economic & Finance platform, E24.no, Aftenposten, VG & the KZbin channel of the Norges investment Fund, called "in good company" In order to discourage censorship of this content & other insights, that I intend to publish, in the next 3 docs, I also published it , in Sweden top new media platforms" Aftonbladet, Dagebs Nyheter" Given that specific issues that I will present in the next docs, can inspire Danemark investors & entrepreneurs, I presented this content also in the Danemark top new media platforms "Ekstra Bladet", "Politiken" In all of the circumstances, I said if Norwegian electors, who are revolted, want the money of Norwegian citizens, to be utilized for the benefit of the Nation & its citizens & not to help other Nations to create jobs, generate a multitude of advantages to their companies, CEOs, employees, authorities, Norwegian electors who are revolted, must start to take specific actions. Some of them, shall be designed to determine the Minister of finance & all the ones who are responsible for the administration, of the Norge investment Fund, to apply the following 3 rules. 1)Start to use 5 % of the Norge investment Fund, with priority, in projects that can create jobs for Norwegians & not for employees, from other Nations, in their countries. 2) Utilize 4% of the Norge investment Fund, in Norway, to finance important economic activities, that are capable to attract enough revenues, from outside, while creating jobs. Like that, both local authorities & the government, can afford to eliminate abusive taxes & fees & in the same time start to reduce others, with more than 70%. 3) In order to bring more benefits, for Norwegian citizens & the country economy, a third rule must be applied. According to that, 30% of the Norge investment Fund, shall be utilized to build from the scratch, a finance center, & ecosystem, that can be capable to compete in the global Finance market. In such a purpose, the Minister of finance & its partners, have obligation to start to carry on, what is necessary, so that a Norway solid & credible Finance Industry, can become capable to compete, with London & New York Finance one. 4) The Norge Investment Fund has obligation to allocate at least 5% of its resources, to finance important researches, that can permit Norway Universities, & business schools, to obtain billions of dollars, only through donations. Until then, the Norway minister of education, can take into consideration. Harvard University, has been obtaining, in every year, more than 47 billions of dollars, only through donations. Based on such a reality, the rules must be clear & tough for Norwegian Universities. They must be motivated or obliged, to make specific partnerships, that can permit them, to obtain, in every year, at least 2 billions of dollars, as donations. In such a purpose, the Norge investment Fund, shall help them, to obtain a certain part of the donations, abroad, from the companies, that have been benefiting, from the Norge investment Fund, finance. 5) In order to create more jobs & business opportunities in rural areas, the Norge investment Fund, has obligation, to allocate at least 5% of its resources, on important researches, designed to find solutions, that can permit the fish industry, farmers & rural communities, to sale their products & artisanal stuffs, with more than 300%, without creating inflation. After that, the Norge investment Fund, shall help Norwegian Universities, to obtain, other donations, from companies, that have been benefiting, from the Norwegian citizens money. The respective donations, can be & used , to concept precisely programs & projects, that can help, both the Norwegian & the USA government, to obtain important objectives in Africa, & specially, in countries, that have big quantity of resources, that is needed in the Norwegian, heavy & ship Industry. DID YOU REALIZE WHY THE MINISTER OF FINANCE & THE CENTER PARTY SHALL SUPPORT THE IMPLEMENTATION OF SUCH A PROJECT ? If the Norge investment Fund shall finance the above refered 5 projects, the actual government coalition, will win elections. In the next doc I will present other projects from a list of 17, that the Norge investment Fund, has obligation to finance

Loved this podcast!

I like Nicolas’s direct way of asking questions, like “what do you think your Grand dad saw at you to appoint you as Director at 21 years?” Great answers from John. Humble and honest.

Why did Nicolai switch his jacket and shirt from the intro to the interview?

Bravo John!

June 18, 2024, NVDA, the most valuable company on the planet Period

"I don't know enough about AI to know if this is excessive or justified." Neither do I, but I know enough about markets to know that given the current velocity, the chances are that it will become overvalued!