00:00We have a big signing right now, and we have a tremendous industry where we're leading by a lot.
00:06It's the AI, artificial intelligence.
00:09I always thought it should be SI, supreme intelligence, but I guess somewhere along the line they decided on the word artificial, and that's okay with me.
00:18That's up to them.
00:19It's a massive industry.
00:21We're leading China.
00:23We're leading everybody by a tremendous amount.
00:26The electricity is being built by them in every plant.
00:29They're building the electricity.
00:31We're getting them rapid approvals, but they're spending trillions of dollars, and they can't.
00:37Basically, this has a couple of other things that are less important, but one of the things that it has is you have to have a central source of approval.
00:44When they need approvals on things, they have to come to one source.
00:48They can't go to California, New York, and various other places like Illinois with Pritzker, who's a totally unreasonable person,
00:55and they have to have, you know, they're putting all this money in.
00:59It's a big part of the economy, and there's only going to be, I think, one winner here.
01:04I don't know if anybody agrees with that.
01:05I think most people agree, but there's only going to be one winner here, and that's probably going to be the U.S. or China,
01:12and right now we're winning by a lot.
01:14China has a central source of approval.
01:16I don't think they have any approval.
01:17They just go and build.
01:19But people want to be in the United States, and they want to do it here, and we have the big investment coming.
01:24But if they had to get 50 different approvals from 50 different states, you could forget it because it's not possible to do,
01:30especially if you have some hostile.
01:32All you need is one hostile actor, and you wouldn't be able to do it.
01:35So it doesn't make sense.
01:37I didn't have to be briefed on this, by the way.
01:39This is real easy business.
01:40I mean, this is simple.
01:42We're taking in trillions of dollars.
01:45We're taking in tremendous amounts of countries, jobs.
01:49Everything's coming in.
01:51On this subject, President Trump, are you more worried about the U.S. winning the race for AI dominance with China
01:56or about AI's potential threat to humanity?
02:00Both.
02:01We're looking at that very strongly.
02:02We have a lot of threats in the opposite way if we don't do it.
02:07You look at the medical and medical research.
02:09Already the things that have come out of AI in terms of medical and cancer research and things,
02:15we're way ahead of what we ever thought we'd be just from the infancy of AI.
02:20So really both, and we want to be very careful with it.
02:24We also know that a big part of our economy, it could be 50, 60 percent of our economy going forward,
02:30for a period of time at least, especially during this startup, is AI and AI-based.
02:35We have trillions of dollars of construction going on.
02:40And that construction would stop or it would certainly be, a lot of it would be halted.
02:45So, look, we're leading China.
02:47We're leading China by a lot.
02:49China knows that, and not doing this would be the greatest gift to China and other countries,
02:55but China in particular, that China has ever received.
02:59One of the things I talk to China about is the denuclearization of weapons.
03:05We'd like to see if we could stop that.
03:07I've spoken to, I'm talking about nuclear weapons, I've spoken to China about that,
03:12I've spoken to Russia about that, and I think it would be something that we would want to do,
03:17and they would like to do, and I think Russia would like to do.
03:20They said they won't join the start or a follow-on to the start.
03:23Well, that's what they've told you, but, you know, what they tell you is...
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