Provocative Predictions for the Future of Tech with NYU Marketing Professor Scott Galloway

Every year, Scott Galloway, Professor of Marketing at the NYU Stern School of Business, makes tech and business and cultural predictions - and also tries to hold himself accountable. In this talk, Scott takes a look back at how his predictions from 2021 panned out, examines current trends like the metaverse and geopolitics, and shares his vision of the greatest opportunities coming up in the near future.
This talk was recorded at Summit At Sea in May 2023.
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[@stuartdomingos]

🎯 Key Takeaways for quick navigation: 00:00 🎤 Introduction and Setting the Stage 01:06 🚢 Scott's Unconventional Presentation 02:31 📈 Economic Predictions 04:49 💼 The "Patagonia Vest Recession" 05:58 🤖 The Role of AI in Cost Reduction 08:06 ⚡ The Rapid Rise of Layoffs 11:54 ✈️ The Resurgence of Travel 13:08 🛒 Retail Disruption and the Gas Station Analogy 15:05 💰 Income Inequality and the Growth of the Wealthy Elite 18:12 🏦 Taxation, Wealthy Individuals, and Tax Code Myths 22:25 💰 Taxation and Wealth Distribution 23:40 🌟 Wealth from Luxury and Artificial Scarcity 25:36 🏡 Housing, Taxes, and Scarcity 27:32 💡 Artificial Scarcity as a Marketing Strategy 30:21 🌍 The Rise of Ultra-Luxury and Branding 34:06 🌐 The Future of AI 39:41 💬 The Role of Storytelling in Business 42:03 ✈️ AI in Travel 45:10 💉 AI and Healthcare 46:20 💸 Wealth Redistribution and Taxation 46:34 💰 Wealth Transfer from Young to Old 48:23 🚀 Space Tourism and Its Challenges 51:48 🪙 Advertising, Attention, and Polarization 54:11 🤖 AI and Low-Risk Relationships 56:34 ❤️ Love, Grief, and Regrets Made with HARPA AI

[@stevechance150]

Thank you for this.

[@Kingromstar]

This dude has a lot of valuable information to share

[@garypuckettmuse]

there it is you're saying thank you to AI.@@stevechance150

[@hagakuru]

Pretty impactful that the last 10 seconds was the most powerful and impressionable part of the presentation. And, that 3 words could convey such an important message. Thanks for that.

[@simonalexanderwood]

He's so articulate, but this was the only moment he stumbled over his words.

[@user-sc3on3qn8u]

I am the girl pictured at 55:56... I am looking for a platform to explain why. And this stuff is going to make you go "hmmmmm"!!!

[@user-sc3on3qn8u]

studio.kzbin.info/door/Bbw640ZQt7DQfzBkq6Cv7Qediting/images

[@tigreytigrey8537]

You don't know what it means to be a mamal?

[@mbg9650]

So, what's your takeaway/lesson from the last 10 sec.?

[@karengriffin9145]

Scott - you speak with authenticity and your talk was engaging because it is clear that it’s from a place of truthfulness in your beliefs. After watching this I just have to say I hope you find peace in your life. There is more. ❤

[@Switching2Tech]

It's crazy to think, but Professor Scott will likely never know how much of a positive impact he has had on my life. I am so grateful I came across him a few years back. More people need to read/watch/listen to his stuff. What a legend.

[@jameswelch2850]

This video is criminally underviewed, even with all of the views it has had. It's like 20+ brilliant books you need to read all condensed in to 1 hour of a brilliant talk. Scott Galloway is what we need in 2023 and beyond.

[@raginald7mars408]

criminally Over Rated

[@OHMSdev]

@@raginald7mars408 whos better. serious question.

[@z5m2]

How much were you paid for this comment?

[@raginald7mars408]

@@z5m2 5 cents 100 death Threats

[@richrdroma]

He has some interesting points but I also detect a lot of socialism disguised by humble bragging or if it's the other way around. Not so fresh.

[@gayleroberts9765]

The ending was surprisingly touching and vulnerable. Powerful message, and I thought perhaps I even saw a tear in his eye.

[@TheKakashims]

Such a great talk, eye-opening and insightful, but the last 10 seconds, oh my God, they were so emotionally charged that it made me tearful! And I know, that of all the messages that Scott conveyed, the last one will stick with me!

[@RobOK_BTC]

i'm glad you posted this, i might not have otherwise watched the end.... it is wise.

[@user-sc3on3qn8u]

I am the girl pictured at 55:56... I am looking for a platform to explain why. And this stuff is going to make you go "hmmmmm"!!!

[@user-sc3on3qn8u]

studio.kzbin.info/door/Bbw640ZQt7DQfzBkq6Cv7Qediting/images

[@mbg9650]

It's banding. It's what he sells.

[@TheAngelaoddone]

This is an excellent talk! Telehealth for psychotherapy has been what I've been doing for years. It's actually more intimate, because it's usually from clients' homes, than when they'd come to see me in my office. Eliminating the commute helps a lot wrt time and money.

[@jjgalletta66]

Of all the talking heads out in the world today, Scott Galloway is the BEST by far. Another bullseye, Professor!!!! 👏👏👏

[@vantage789]

Yeah he's really been spot on about crypto.

[@SportsIncorporated]

Are you a current or former student?

[@ALuckyDonkey]

Tbf he shit the bed on Peloton. But I still enjoy and appreciate his work.

[@gazlives]

@@vantage789 yeah he's wrong about tesla though. 'it's just a car company' is what the short term analysts have been saying for years. truth is they have the most advanced real world AI today. no one is catching up fast and they will dominate autonomous transport as they are the only ones that have the data and compute size to achieve it at scale and economically. 2 years time i would guess

[@jakobrosser7587]

I love Prof G’s podcast and books. However he was waaaaay off with the Covid-19 💉 clot shot.

[@anguila1]

"Are you here?!"

[@mauiflyingdress2178]

I listen to his podcast every day. Not always in agreement but always thoughtful.

[@SPQRxUSAxNUSA]

I hate listening to Scott not because I don't understand it,but because I get so outraged by how the system works that I have to pause and pause and listen to it 3 times before I'm able to understand calmly.

[@salesandyou-salesskillsfor9268]

"The narrative is more important than the numbers". This is exactly how things are today. Narratives inspire vision, yes, but they must be firmly grounded on quantifiable metrics. Excellent insight!

[@abumzbum1869]

Unfortunately a lot of metrics aren’t what they seem to be, much like the inflationary graph. Statistics tell us it’s much lower than it is.

[@yonaxl]

What if that belief gets you left behind? Is it still true then?

[@ehhalexx]

This hit me deeply wow, I struggle with depression a lot think he's called this societal trend spot on across the economy, modern social dynamics, with technology and our inability to just embrace what we have and where we are. Breaks my heart to connect so much with this speech because I know how hard it is to bear what I do.

[@dhruvpanchal1695]

we didnt really need to know that youre depressed

[@howardwong2181]

@@dhruvpanchal1695 sure but your comment technically had even less value. you would never say that to someone in person. so why do you do this here?

[@dhruvpanchal1695]

@@howardwong2181 🤓

[@mistersample]

Thanks Prof. Galloway. I appreciate your macro thinking and present reflection. Peace Love and Light.

[@stephencolwell2381]

Scott, you’re a gift to the world and one of the few who can seamlessly weave between the mundane and the profound. Immeasurable value from your talks. Thank you.

[@ViralKiller]

@@freethink9510 stop posting this again and again

[@KarenMariaAlston]

I missed Summit at Sea this year and definitely plan to attend next year. I have watched this video two times and shared it with friends. The data presented has helped me to think deeper on my own goals and to limit regrets. This shift to the .01 is scary and something we need to talk about as a society. This presentation is a gift and thank you for allowing more people to view and share it!

[@victor-balta]

That's one of the best presentations I have watched in a while. We need more of these!!!

[@user-sc3on3qn8u]

I am the girl pictured at 55:56... I am looking for a platform to explain why. And this stuff is going to make you go "hmmmmm"!!!

[@user-ql4ud9zr7m]

Great at presenting, terrible at predicting anything ever. Always wrong

[@josealexi5141]

@@user-sc3on3qn8u so you're making insane profits off other people's misery?

[@braddley39e]

I immediately stop what I'm doing when I hear him on cable news I have playing in background.

[@ronjuniorvancann4281]

The End was perfect, a truly relatable question that you'll ask ... did my life happen? One of the few things where my tears start flowing, is talking about the present here and now.

[@ryanalbrecht3331]

Execellent talk, really appreciate the in-depth look at a lot of these problems we all seem to have less and less time to deal with.

[@markwolgin]

Some people tell their lessons of life through novels or stories, and Scott's are through his business acumen, but always with a tinge of existential angst. The last part was so real. Thank you so much.

[@AFuller2020]

What has Simon done?

[@Cloudnine2024]

Damn that was good! Watched it in one go. The ending was so real. You can feel his own struggle with never really being in the moment. Enjoying his experiences. I also know exactly how he feels. I'm successful in my own right. Not on his level but I can imagine the experience being the same. My mind never really appreciates what I'm experiencing and it's always working, thinking, scheming, planning, strategizing. If it's not doing that, it's criticizing myself for mistakes made. It's maddening sometimes. The only thing that seems to enable this state of being totally present isn't meditation, unfortunately. It's THC. Weed gummies or just straight up smoking a joint. Personally, I don't it a lot. But when I do, I almost feel normal. This presentation definitely felt as time well spend.

[@dwightfloyd607]

“That’s all I got”a drop the microphone moment! Still excellent on the second watch…

[@Vicky-Blue]

So authentic! I love his talks.

[@TheBite2010]

What a nice gentleman. Message received, sir. Thank you for the closing comments. That was the most beneficial part on the human level.

[@pramodnair7776]

SUPERB!!!! Last question ....lingers!!!!

[@antoniovandias8653]

Absolutely fascinating. Thank you Scott

[@amdave76]

This guy is fantastic.

[@GraceLaiMD]

"Space is called space for a reason... It doesn't want you there"😂

[@KingUnique888]

This is the type of professor that makes learning fun

[@relicreturns]

Powerful closing question!

[@GraczPierwszy]

ask artificial intelligence if you don't know 😎

[@illu1na]

Amazing talk, wish there was qna session too. Thanks for sharing!

[@anyariv]

“By the time you hit 38 you have trouble adapting to the way you look after that” 😂😂😂 omg hit the nail on the head!!! About his final “are you here?” Are you in the now? I say that to my husband all the time. Humans are time travelers. Literally. No one is actually ever in the present. There is literally no present, the moment you say “now”, it’s already gone. And we spend 99% of our days either in the past or planning the future we might not ever have. It’s actually a challenge to catch yourself in mental time travel and bring yourself into your present reality, but you gotta do it. It’s the only way to truly enjoy life. You know who time travels less? Kids. Kids are mostly in the moment. We need to relearn how to be like a kid again. Not only to enjoy the moment, but to think more positively and to have more wonder for the world and to have more trust in each other. Before it’s too late.

[@ViralKiller]

I think this is the first video where my attention was fully captured by someone from start to finish

[@fredericdominioni4891]

Thanks Scott. Your altruistic wisdoms and blunt critiques of capitalism flaws and benefits are akin to a shot of fresh cold liquid experience based truth, which once inoculated, wakes up the soul and make you ask the hard questions and force you to be "there". Keep it but and come visit Baja once of these days.

[@Glowbox3D]

Fantastic talk. Thank you.

[@65andSpry]

OMG Prof G. That’s all I have to say. I am here thank you!!

[@tompeltier9127]

Very good presentation… insightful and to the point I particularly around young men and their relationships Worth watching folks

[@anthonydelagarde3990]

Fascinating presentation. Thank you for sharing your thoughts

[@jkaur4736]

What a tour de force! So well presented, intellectually stimulating and emotionally charged. Thank you Professor G for sharing your insights on work, tech and life 🙏

[@user-sc3on3qn8u]

studio.kzbin.info/door/Bbw640ZQt7DQfzBkq6Cv7Qediting/images

[@skippybe]

Love this for so many reasons. The closing line had me in tears.

[@howardwong2181]

I concur. We all keep replaying the closing line because it's the underlying lesson for overacheivers. At this time it's the most replayed part of the video.

[@gregoryallen0001]

@@freethink9510this guy is a hype man apologies to all who love him 🧘🏻‍♀️

[@IsraelPadillaC]

I am here, from Barcelona, Spain. Loved the talk. Bravo!!

[@MRKDjarod]

Absolutely incredible. Not really sure what else I can say to that. The sheer variety of data presented, the context it was presented within, and that beautiful message at the end. A really great talk that I think most anyone would benefit from.

[@barbarosozturk]

Thanks for sharing this! It's great to have access to Prof G's presentations conveniently like this.

[@catherinesalacuse3284]

Your spicy humor is to add to your singularities & not the least appreciated. The cherry on the cake as you say here 👍🇫🇷🇺🇸

[@jgonsalk]

This was straight up amazing. He covered so much and was fascinating. Great takes on so many things. What a ride!

[@AFuller2020]

He was part of the “men are evil” movement, now he’s not happy with the result.

[@OHMSdev]

@@freethink9510 bro why are you spam posting

[@mattcates8325]

Thanks Scott! Makes sense. Love your sense of humor!!

[@brandonranciato7004]

Wow Scott, what words of wisdom, I love how you intertwine your life experiences in your lecture. Very inspiring, insightful and profound. The world needs to hear this….

[@Chewychaca]

Thank you for the insight on our society and our lives, we all appreciate how much you shared about yourself too, it takes guts to be vulnerable like that. Gotta love youtube!

[@Chewychaca]

@@freethink9510 He is against the metaverse and space exploration? The value of institutions do go up with scarcity whether or not he is a professor. It's not that he wants it to be the case, he think it just is the case. He is actually in favor of expanding class sizes. I'm not sure what you are trying to say about ayahuasca, but he's obviously turning around to psychedelics. He absolutely would be more correct if he said ' I think/hope/postulate', but I don't think that is the purpose of his talk. He is taking a risk and making bold claims, so you may see him as impudent or brazen, but he is also audacious and daring, which means he will command attention and push his ideas forward. He risks being more wrong, but more predictive. He is also not light on data that backs these claims up as he literally crammed as many slides as he could in the time that he had. So I'm not entirely sure what you are expecting from him. Maybe not appropriate for a university lecture hall, but perfect for a summit like this.

[@TheAlphatraveller]

Such a packed 1 hour of amazing talk! Loved hearing it....

[@schalkvanwyk8141]

Man… that was worth the hour.

[@Espacemtl]

I needed this.Thanks.

[@Scottinuk]

What a presentation. This is the best I’ve seen this year. Very impressive.

[@benjaminbalazs]

Breathtaking really

[@richipotes]

Wow that was excellent, wonderful perspective at the end

[@georgpaulusberger1064]

At min. 19:16 he splits a 100 USD into the following amounts: 54,40 49,90 0,70 This obviously adds up to 105,00 USD. What am I missing out what is it that I don't understand?

[@TA-iu5jq]

Good catch. That slide just about sums up the effort he put into this presentation.

[@backcountyrpilot]

At 62, I don’t have health insurance either. I negotiate cash price with doctors. They’ll normally charge an individual about half what they charge a 3rd-party payer.

[@aaroncrandal]

Any conversation that forces you into the present is a masterpiece

[@MarkoTraveler]

Brilliant, wide-angle analysis backed up by lots of research, stats, stories, and inspiring insights into our humanity. Thank you.

[@jordanmyhre7277]

​@freethink9510 LMAO!! How many different responses can you possibly make by cope-pasting the same? What is this the 2nd or 3rd I've came across. How about instead of strawman vague generalizations you actually get specific about the points you disagree with, and bring some facts and sources like he does in your counter point?

[@teddyarcher3957]

Always fascinating, always insightful...

[@ojacevedo]

Great talk. I love life and living in the present. Opposed to the past or future. That is the meaning of life.

[@johnpingo9133]

Fantastic talk Professor Galloway!

[@LevelofClarity]

The end of this is strong. Damn. "Are you here?" The Sam Harris shoutout was great. These two in a long form conversation together would be fantastic.

[@karl7487]

100% agree two of the most lucid orators

[@ASquare78]

Amazing presentation! I like to believe I'm here, yet this brain of mind seems to be so limiting that I trip over my damn foot 99.9999999% of the time. Thank you for your time and energy.

[@DejayClayton]

Even watching this alone by myself, I clapped at the end.

[@corujariousa]

Great video and very realistic/honest points. There is nothing wrong with being rich but when the rules (tax code, etc) allow for capital accumulation to happen at the astronomical levels we see for a few decades, Democracy and Capitalism start to implode. Corruption, fascism, outrageous conspiratorial ideations are at unsustainable levels. Currently, there are waiting lines to buy increasingly large yachts and private jets. High luxury watches are now auctioned for 5-10 times the manufacturers' prices and sell quickly.

[@SillyTube9]

The time bit, THAT is correct.

[@JesperAndersen]

Beautiful, insightful and vulnerable presentation. Thank you, Scott.

[@CraigTalbert]

My mother-in-law used to say “sell to the masses, eat with the classes. Sell to the classes, eat to the masses.” She was right at one point, is still half right now.

[@kenburgos5308]

Absolutely wonderful

[@bradkoerner1]

Wow! Stunning presentation.

[@Hulga2007]

That hour just went by in a minute!

[@anakissedboyle3067]

20.20 vision , mic drop , on point Scott Galloway at 20:20 mins I might not like what he is saying but omfg I’m so glad he saying it

[@Dronezone101]

WOW, A REAL EYE OPENER, THANK YOU!!!

[@Omphaloskopie]

There is a scene in apocalyto where the protagonist gazes into the flames thinking about the encounter with the scared guy in the woods and his wife calls him back to the present. i wondered how it would be to be more in the now and if it was something earlier people just naturally were (instead of having to stock up for winter and so on)

[@andysinclair943]

That was incredible.

[@bobsingh7949]

Brilliant. One of the best general talks one is gonna come across

[@BenRangel]

I love how he shows the new hirings since the pandemic. I'm one of those who read about big tech mass firings and got concerned without even considering how many new hires they had

[@MarcoBonechi]

They didn't fire just the new people.

[@kraxnsepp]

Loving the frankness of his talk

[@LucasSommer]

That last slide hit different tho

[@kiaranr]

The ending went hard. As I've seen my kids grow up I panic about being around them, but so rarely being present with them. 😢

[@kahvac]

This is for you...

[@chenlim2165]

LOL, what an absolute flex to be introduced by Simon Sinek. Great talk. Tons of insights.

[@MarcoBonechi]

Sinek is just hot air

[@fmjmedia22]

Been listening to this on repeat

[@johnnynephrite6147]

I love it when Scott repeats my talking points about wealth inequality and how the rich get richer, which leads to them getting more power, which leads to them getting even richer. I especially appreciate that he understands how I predict it always ends. In revolution. What I will ding him on is that his numbers at 19:00 add up to $105. That causes me great concern.

[@k.t.5405]

min 13:52 "What industries are RIPE for disruption?" Scotty says : 1) Time machine (save people time ie Healthcare management) 2) Health Insurance 3) min 1:02:42 Real world socialization (Are you really here? Did my life happen?) What are your top 3?

[@anyariv]

He sounds like a wonderful man. I agree with everything he said, not I’m going to disagree with him on the privacy thing. Many people care deeply about it and are devastated that in order to be part of society noawadays you have to give up most of it to tech companies and government.

[@irishcanna]

Wow hit so many bulleyes there 🎯 really enjoyable... Every time I pass these ridiculous lines outside Louis Vuitton shops that are now in every European capital I will think of this talk!

[@nacho1885]

Powerful

[@LeanneHughes]

Those last 30 seconds! Gosh this was great. Lots to mull over.

[@miguelrodriguez7253]

Good talk, an equal amount of agreeable points and debatable points.

[@easygreasy3989]

Wow, what an ending. Yeah, I'm here. Next video please ❤

[@yourewelcomeamericathepodc1601]

Predictions are often wrong, so thanks for making things up 🤷‍♂️

[@gloriamariadc7757]

Epic!! & yes th last 5-10min so so so aplicable to all of us!!! “When I die will I see all th beauty that I actually did hav but wasn’t present for?”🙏🏻🙏🏻🙏🏻

[@radamshome]

I choked up at the end, too

[@craig7272]

Absolutely brilliant, funny, deep and thought provoking all at the same time. Great presentation!

[@zzzzzzmc]

Utterly surreal for me to see Simon Sinek intro Scott Galloway

[@davidcottrell1308]

This guy is GREAT!!!!

[@Drjpatino]

This video is a must watch. Wake up and be aware

[@donaldstrubler3870]

Powerful.

[@Scrollbandit_404]

incredible talk

[@Jpowwwww]

I rarely give praise, but that was a fantastic talk from a sharp kind who was clearly feeling those mushrooms from the night before