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00:22The power and money of big tech is getting stronger every day.
00:30I mean, they're powerful. They're very powerful.
00:32We're not just talking about incredibly wealthy people.
00:37We're talking about people who are wealthier than anyone has ever been in the history of humankind.
00:45There's a new richest man in the world.
00:48Today, the vast wealth and influence of a few tech billionaires is changing politics like never before.
00:56Take over, Elias.
01:00Trump and big tech have formed a kind of diabolical union.
01:08Good evening. I'm Peter Thiel. Stand up and vote for Donald Trump.
01:14You guys are totally and completely funny.
01:17You don't have a problem with oligarchs. You have a problem with oligarchs that don't back you.
01:21And I want to thank you, man. You have a very special back.
01:25We have a billionaire president.
01:28We have a vice president who comes from the top ranks of Silicon Valley.
01:34Big tech is really driving a golden age for technology, for AI, for robotics.
01:41But big tech stands accused of capturing government.
01:46We're being taken over and exploited by the richest man in the world.
01:56I think even power trivializes what they feel.
02:01I can transform the world. I have the answers. I am the answer.
02:11As Silicon Valley drives the world towards a new age of AI, who's really in control?
02:20Abraham Lincoln talked about a government of the people, by the people, for the people.
02:25I think it is absolutely fair to say that America, that you have a government of the billionaires, by the
02:29billionaires, for the billionaires.
02:51My fellow Americans, I want to warn the country of some things that give me great concern.
02:58Today, an oligarch is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy.
03:14Preserve, protect, and defend.
03:16Preserve, protect, and defend.
03:18The Constitution of the United States.
03:20The Constitution of the United States.
03:22So help me God.
03:23So help me God.
03:24Congratulations, Mr. Trump.
03:28I didn't mean to be in the front row.
03:29I ended up getting pushed into the front row for various reasons.
03:32So I was, you know, as close to Trump almost as I am to you.
03:42What you saw right behind Trump weren't three big tech guys.
03:48And behind them were another 13 billionaires.
03:54We have never lived in a moment in modern American history where so few people, multi-billionaires, have so much
04:02wealth and so much economic and political power.
04:08The roots of Silicon Valley's power today reach back more than 25 years to the dawn of the Internet age.
04:32California was booming as entrepreneurs competed to unleash the power of the world wide web.
04:41There were tons of people in tech in the late 90s who saw the Internet and saw money and thought,
04:49you know, naturally there's going to be a way to move money on the Internet.
04:52And one of those people was this little known technologist named Elon Musk.
04:59Elon Musk was running a startup company called X.com.
05:04A young hedge fund manager, Peter Thiel, had his own startup.
05:11Both wanted to find a way for people to transfer money without using banks.
05:17A dream that would come to fruition a decade later as cryptocurrency.
05:24The Web has led to all kinds of new social groups, and I think in part of it is simply
05:31because the existing ones have been extraordinarily constrained by geography and history.
05:37Instead of competing, Thiel and Musk merged their companies to form PayPal.
05:45The slogan we had for PayPal was that it was the new world currency, and that it was going to
05:50somehow change the way the world thought about money.
05:53It was going to change the way people would transact.
05:57Peter Thiel recruited an old university friend, David Sachs, to help him run it.
06:04Thiel hires Sachs at his first company, PayPal.
06:07And Sachs becomes chief operating officer, but he's like a guy who's like one of Thiel's main deputies.
06:18David Sachs, Elon Musk, and Peter Thiel would go on to become three of the most important figures in the
06:25tech industry.
06:28They had really big plans.
06:34It would basically, in some sense, give people sovereignty over their money in a way in which they had not
06:41had it ever before.
06:45Thiel, like many in Silicon Valley, is a libertarian.
06:51He's someone who believes that essentially businesses should be left alone, that regulations are a bad thing.
06:59PayPal Bank, is it a payment service?
07:02It, strictly speaking, did not fall under any regulatory frame.
07:06And so there was an opening during which the company could be built, and then you'd figure it out later.
07:13Thiel, very early on, was talking about the very extreme libertarian implications of this company.
07:21The idea that if you have a digital bank account and you can send digital currency to another person,
07:30you have essentially the equivalent of an untraceable financial system,
07:35a system that's outside of the controls that governments impose on capital.
07:40He said, we're going to give people a Swiss bank account in every pocket.
07:45PayPal quickly became popular with criminals and money-launderers.
07:49The regulators were worried, but it didn't stand in the way of PayPal going viral.
07:56By 2001, it had nearly 13 million users.
08:04The Internet has liberated individuals, it's challenged existing power structures of nation-states.
08:11I came to believe that the place in which the decision would be made for the individual or for the
08:18state
08:19would not be in the halls of politics or in public debates or in things like that,
08:24but in the development of new technologies.
08:29Stanford University has played a central role in Silicon Valley's history
08:35and also in the history specifically of Peter Thiel.
08:40At Stanford, Peter Thiel's libertarian politics clashed with left-wing campus activism.
08:48One of the key issues was the anti-apartheid movement.
08:53Thiel had spent time as a young person in South Africa,
08:56and I think he may have taken some of this activism personally.
09:04As a student, Peter Thiel founded a conservative newspaper called the Stanford Review.
09:15The Stanford Review really traded in a kind of shock politics
09:19based around anti-political correctness.
09:23You know, reaction against feminism, against multiculturalism,
09:27against affirmative action, and against government intervention and regulation.
09:35David Sachs came to Stanford after Peter Thiel
09:39and really started to follow in Peter Thiel's footsteps.
09:44The Stanford Review becomes this kind of, like, merry band of troublemakers,
09:49one of whom is this guy, David Sachs.
09:52It's full of, I'd say, positions that most people, I think, today would regard as really regrettable.
10:04David Sachs would go on to be a successful investor in Silicon Valley.
10:09A lot of the ideas that Peter Thiel and David Sachs expressed back in the 1980s and 90s
10:16have actually found great purchase in Washington, D.C. in the years since.
10:22By gaining power in Silicon Valley, they have been able to influence politics directly.
10:37Please welcome the co-founder of PayPal, entrepreneur Peter Thiel.
10:45Good evening.
10:46I'm Peter Thiel.
10:48I'm not a politician, but neither is Donald Trump.
10:53He is a builder, and it's time to rebuild America.
11:00Our country is going to start building and making things again.
11:09Donald Trump's 2016 campaign ended up emphasizing a lot of issues
11:14that were very in line with Peter Thiel's worldview.
11:20We cannot afford to be so politically correct anymore.
11:34Peter Thiel donated more than a million dollars to Donald Trump's 2016 campaign at a time when
11:40most of Silicon Valley's tech titans supported the Democrats.
11:44Peter had been the only guy with the courage to step up at the Republican convention and talk
11:49about innovation and talk about, hey, make America great again, can fall very much into
11:54the original spirit of Silicon Valley.
11:58Stand up and vote for Donald Trump.
12:03After Donald Trump's long-shot win, Peter Thiel's investment paid out.
12:11He and other leaders of some of America's top tech companies were invited to a summit at Trump Tower.
12:29You had this room full of people, many of whom had either kind of quietly opposed or even publicly opposed,
12:40Donald Trump. And they were all there in Trump Tower, essentially paying homage to the Trump administration.
12:48And at the center of it all is Thiel, as the guy who had, like, convened this.
12:54And I think that moment, like, really like the precursor to a lot of what we saw during the 2024
13:00campaign, they have co-opted him and he has co-opted them.
13:04And I think that really started, yeah, at that meeting in Trump Tower in 2016.
13:12I was right across from the president, the president's right there, you had Thiel to his one side, but the
13:18person that came out as the alpha male and really the energy was Elon Musk.
13:42It was about one and a half billion dollars.
13:46So that, that was, it was a good outcome.
13:51Elon Musk used his share of the proceeds to start his rocket company, SpaceX.
13:58I'm interested in things that, that change the world or that affect the future.
14:03I'd love to have SpaceX be the company that brings humanity to Mars and I hope I see it while
14:10I'm still alive.
14:13With his share of the PayPal millions, Peter Thiel also sensed new business opportunities.
14:20Thiel makes all this money from PayPal and basically he does two key things that are going to influence the
14:27course of his story and America's story.
14:30One is he puts one of the first big checks into Facebook and the other one is that he founds
14:35Palantir.
14:36The inspiration for Palantir came after America was attacked in 2001.
14:44The center of New York is still smoldering with America's two tallest buildings in ruins.
14:51The US government had been criticized for missing crucial clues that could have prevented the attacks.
15:00Palantir was a software company that said it could help.
15:06The technology had started at PayPal, where it was used to identify fraud.
15:13Engineers at PayPal had been developing ways to connect disparate types of information about people and their transactions to locate
15:22crimes and fraud in the network.
15:24And this technology, after 9-11 became really valuable to be able to map social networks and individuals and their
15:33lives and their patterns in order to target them in counter-terrorism operations.
15:42In 2005, during the Bush administration, the CIA became one of Palantir's first outside investors, paving the way for more
15:53than $3 billion in US government contracts over the next two decades.
16:02As Peter Thiel's profile as a public intellectual grew, he took to the university lecture circuit.
16:11In 2011, he gave a talk at Yale University.
16:17In the audience was a law student called J.D. Vance.
16:23Thiel is constantly collecting people who are, like, ambitious, young intellectuals.
16:30And Thiel, like, finds these people and he, like, finds things to do with them.
16:35J.D. Vance essentially gets in with the PayPal mafia.
16:47The PayPal mafia is the name that Thiel and his cohort had given to their network.
16:56Fortune did a story.
16:58They all dressed up like cast members on The Godfather.
17:03Uh, Thiel is Don Corleone.
17:07The PayPal mafia is a broader network of people who were all involved in PayPal and who went on to
17:15found other venture capital companies, start-ups, and other Silicon Valley firms.
17:23After leaving school, J.D. Vance became directly a part of Peter Thiel's orbit.
17:29J.D. Vance worked at one of Peter Thiel's companies for a year in 2016.
17:36Then in 2022, Thiel backed J.D. Vance's run for the Ohio Senate.
17:43For Thiel, Vance is a generational bet.
17:46Thiel made him an investor.
17:48Thiel introduced him to his network.
17:50Thiel introduced him to the people who will fund his political campaigns.
17:55He doesn't have a political career without that.
17:57I'm sick of it.
17:58I'm sick of being a country.
18:01J.D. Vance was a long-shot candidate with no political experience.
18:06But $15 million of Thiel's money helped Vance win the election.
18:12We've been given an opportunity to do something, and that's to government.
18:16Thank you for this honor to serve you.
18:18We fight for you every day. God bless you guys, and thank you.
18:21Thiel seeded his political career, instantly turning him into a credible political candidate.
18:26Not only that, but instantly giving Peter Thiel an important ally in Republican politics.
18:42TRUMP! TRUMP! TRUMP! TRUMP! TRUMP! TRUMP! TRUMP! TRUMP! TRUMP! TRUMP! TRUMP! TRUMP!
18:49If you look at the relationship between Trump and the tech right during the 2024 election,
18:54you can look at it as a bargain on both sides.
18:56And for Trump, clearly the bargain was about campaign cash and campaign donations,
19:02an influential constituency led by Elon Musk.
19:06And then for the Silicon Valley right, they really saw an opportunity to shape public policy in their vision and
19:14in their interest.
19:15Make America safe again!
19:19And at one point on the campaign, when he was out raising money from individual donors, he said,
19:27why do we have to do this? I can get all the money I want from the crypto guys.
19:36Cryptocurrency, digital money that can be used to make payments without banks, captured Donald Trump's attention as the election unfolded.
19:45And by now, David Sachs, Peter Thiel's PayPal mafia lieutenant, was raising funds for Donald Trump.
19:54June 6th, 2024, David Sachs and around 100 crypto people invested in the industry meet with Donald Trump.
20:05And tickets cost half a million dollars.
20:09His attraction to the tech mafia just became the possibility of more money.
20:17And it was easy money.
20:21President Biden had taken a tougher stance on crypto, supporting regulations to protect consumers and the wider economy.
20:30The crypto guys wanted change.
20:33People in the crypto world wanted their industry have more political and economic legitimacy.
20:40Secondly, they wanted to have their man on the ticket, J.D. Vance.
20:44In real life, J.D. Vance thinks Donald Trump is a charlatan.
20:53He has said as much.
20:56J.D. Vance once said he was a never Trump guy.
21:01And in a leaked message, said Donald Trump could be America's Hitler.
21:06But his ambitions are unlimited.
21:11But I've also been extremely open about the fact that I was wrong about Donald Trump.
21:14And Vance did have the support of this key group who had become increasingly important to Donald Trump.
21:25And J.D. Vance came actually to represent those people.
21:30And in the end, that's what the decision about who would be his vice president came down to.
21:41I officially accept your nomination to be vice president of the United States of America.
22:06I have a different vision for America.
22:13And that is, we have got to end this corrupt campaign finance system.
22:24Based on a horrific Supreme Court decision, if you're a billionaire, you can put in unlimited amounts of money into
22:32political campaigns.
22:34Democratic billionaires spent a lot of money on Kamala Harris's campaign.
22:39Musk spent $270 million to get Trump elected.
22:45During the 2024 election campaign, Elon Musk handed out million-dollar checks to voters in swing states.
22:59Here's what the Democratic Party did. Nothing.
23:02Here's they had every ability to tax them in 21. You know what they did? Nothing.
23:07So I don't want to hear Bernie Sanders whining about the tech oligarchs.
23:11Just so we make sure we understand this, the progressive left loves the oligarchs.
23:18When they had power and control, they created the oligarchy back in Obama's situation, and then they nurtured it under
23:26Biden.
23:26The reality is, the Bayonaires run the Democratic Party more than they run the Republican Party.
23:36The Democrats are the party of the elite, and nowhere is that more obvious than in this last election.
23:42Because you saw so many of the business elite, the Wall Street elite, the Silicon Valley elite, coming out in
23:49support of the Democrat Party.
23:51A few of them came to the Republican side, and the reason you know it's only a few is because
23:57you know their names.
24:00Take over, Elon. Yes, take over.
24:09With the election victory under his belt, Donald Trump began appointing his administration.
24:16He brought Republican donor and former PayPal executive David Sachs into his inner circle.
24:23Thank you, Mr. President. We're all here today because...
24:26As the first ever White House AI and cryptocurrency czar.
24:31David Sachs was very instrumental in getting Trump elected, in terms of pulling money together.
24:41And he is now in charge of the crypto effort in the Trump administration.
24:51I think it's safe to say that the administration wants to end the war on crypto.
24:55We've promised to do that.
24:56We believe this is a valuable asset that we should store for the American public,
25:02and preserve that value for the long term.
25:04My name is Richard Painter. I was formerly the chief White House ethics lawyer for President George W. Bush.
25:12Very quickly, after taking office in January 2025, President Trump issued executive orders
25:18that were designed to allow the United States to take the lead in developing new cryptocurrencies and cryptocurrency trading platforms.
25:29Yeah, this is the crypto EO we're going to be forming...
25:32The problem is that now, for the first time ever, we have a president of the United States
25:36who himself has a substantial interest invested in the cryptocurrency industry.
25:43Donald Trump, just a few years ago in 2021, said that Bitcoin was a scam.
25:50Cryptocurrency was a scam. He's apparently changed his mind.
25:56The United States will be the crypto capital of the planet and the Bitcoin superpower of the world.
26:05He thinks with his wallet, and if he changes his mind, the prices go up,
26:10and what he has in his crypto wallet is far more valuable.
26:19The president has even launched his own Trump meme coin.
26:25Meme coins are a type of cryptocurrency based on internet memes or jokes.
26:31Their value is often driven by social media hype.
26:37Do you intend to continue selling products that benefit yourself personally while you're president?
26:42Well, I don't know if it benefited. I don't know where it is. I don't know much about it other
26:46than I launched it.
26:47I heard it was very successful. I haven't checked it. Where is it today?
26:52You made a lot of money, sir.
26:54How much?
26:56Several billion dollars, it seems like, in the last several days.
26:59Several billion? That's peanuts for these guys.
27:04This is embarrassing, what's going on in this town.
27:08Some estimates of his holdings in cryptocurrency run into the billions of dollars.
27:15That's an enormous amount of money.
27:17This is just unacceptable to have a president who is in charge of the regulatory apparatus for any industry,
27:24including crypto, while he has such vast interest in crypto, including a meme coin.
27:33Trump is using public office for private gain.
27:38I don't think there's been an administration in American history that has been so corrupted.
27:49And I think the word has got to be used is corruption.
27:57The fact that some of your guests on this program have been able to criticize those investments
28:03is a testament to how transparent this president really is.
28:07He knows that when Americans innovate, when they develop the next generation of technologies,
28:14we don't just benefit, but the entire world benefits when we are leading that charge.
28:21The White House didn't respond to Panorama's questions about President Trump's cryptocurrency investments.
28:27But as previously said, there are no conflicts of interest.
28:33What the oligarchs see in crypto is a way of getting out from under the eye of the government,
28:43creating a currency that is essentially invisible.
28:48The kind of dream of libertarians.
28:50Peter Thiel and David Sachs, it's all the same thing.
28:55It is kind of this notion that you really don't want and don't need government.
29:00You want instead this kind of society that can be ruled and run by a technological elite.
29:16This is Starbase in southern Texas, the newest city in America.
29:22Elon Musk has spent a decade building the headquarters of his company, SpaceX, here.
29:41It's a few miles from the town of Brownsville.
29:47We're one of the poorest communities in the country, and we're being taken over and exploited by the richest man
29:58in the world.
30:05Over here on the left side is the so-called city of Starbase, Elon Musk's company town.
30:13And then further along the road, you'll see the two launch pads,
30:18where they're testing the largest rocket in human history.
30:27SpaceX says it's contributed more than $800 million to the local economy and created more than 20,000 jobs.
30:37Starbase is run by a mayor and two commissioners who work for SpaceX.
30:43It's been granted city status, giving it authority to levy taxes, close roads and restrict access to the local beach.
30:53Like other cities, it also has the power to rezone land, changing what it can be used for.
31:04My name is Homer L. Pompa, and I have been on the beach since 1970.
31:14And I understand that you fought in Vietnam.
31:17Well, I was a squad leader, 1st Marine Division.
31:21When I came back, I wasn't the same person.
31:25I hid out here, I isolated, I didn't want to see crowds,
31:30because every time there was crowds in Vietnam, everybody get boomed away.
31:36This is my solitude.
31:40This is my heaven.
31:44Starbase wants to buy Homer's property.
31:47But he doesn't want to sell.
31:51In May, Starbase wrote to Homer and other local residents,
31:55warning that their land could be rezoned
31:59and they may lose the right to continue using their properties.
32:04Historically, rezoning has been used as a tool to bully and push people out.
32:09We see these letters as another bullying tactic
32:13to try to push people, long-time Rio Grande Valley residents, out of the region.
32:21I come back to America, you know, we're all messed up,
32:24and now they want to take everything away from us.
32:27I'm 75.
32:29Let me be.
32:31Let me die here.
32:33You know, I fought for this.
32:41The creation of Starbase has been helped by the backing of politicians in nearby Brownsville.
32:50Over the last decade, Elon Musk has donated more than $5.5 million to local political campaigns.
33:00Elon Musk used his money to buy power and influence from the elected officials here.
33:13Starbase has been built next to two nature reserves.
33:18SpaceX is an environmental disaster.
33:22They've scorched the beach.
33:26Whoa! Whoa!
33:30What?
33:31No!
33:37They were caught illegally dumping on our beach.
33:43SpaceX was fined $150,000 in 2024.
33:50What's happening here is a warning to the rest of the country.
33:59The city of Brownsville and its police department declined to respond to the allegations in this program.
34:07SpaceX didn't reply to Panorama.
34:12In 2022, Elon Musk bought Twitter for $44 billion.
34:19He changed the name to X and reinstated Donald Trump's account,
34:24which had been suspended after the January 6th attack on the Capitol.
34:30He also began to campaign for Donald Trump's re-election.
34:36He promoted the idea Democrats were behind mass immigration, claiming they wanted to replace white voters and create a permanent
34:45Democrat majority.
34:48I think they really are doing it because they want to sign these people up to vote.
34:52I really do. You know, I never would have believed it. They can't speak a word of English for the
34:56most part, but they're signing them up. They'll be signing them up trying to get them in to vote.
35:00In terms of not only political power, these guys control how we speak to each other, how we share ideas.
35:09Very dangerous.
35:10The shift of Elon Musk, when he took over that platform, is a fundamental.
35:15I mean, this is why so many of my buddies and so many friends and colleagues have been after me
35:19like, hey, this guy was a godsend.
35:21X told Panorama that it is dedicated to fostering an open, unbiased public conversation.
35:31Donald Trump's campaign rhetoric on immigration quickly turned into policy.
35:42And Peter Thiel's company, Palantir, would help him execute it.
35:47Since April 2025, Palantir has received around $60 million from the US government to assist in Donald Trump's deportations program.
35:58It's one of, honestly, the scariest kind of contracts I've seen given to a tech company.
36:04It aims to handle the full life cycle of deportation of individuals from the surveillance and targeting and tracking all
36:17the way to their incarceration.
36:19It's basically using big data to accomplish the full spectrum of a mass migration operation.
36:29In May 2025, Juan Pinto and 12 other former Palantir employees published an open letter opposing the company's close ties
36:39with the Trump administration.
36:43Big tech, including Palantir, is increasingly complicit, normalizing authoritarianism under the guise of a revolution led by oligarchs.
36:52We must resist this trend.
36:56All of big tech, from Meta to Palantir, is bending the knee over to the Trump administration, is willing to
37:03cave in to their ideological demands.
37:11Following unrest in the wake of immigration raids in Los Angeles in early June, President Trump sent federal troops to
37:18support Immigration and Customs Enforcement, or ICE.
37:24He's also recently ordered the deployment of the National Guard to Chicago and Portland.
37:33What really scares me about the use of federal troops in American cities is the technologies developed by the government
37:41of integrating battlefield signals, satellites, ground vehicles, war fighters, and drones into a connected web of information and data that
37:55is used to kill individuals in the battlefield.
37:57And when I see MQ-9 drones flying around Los Angeles, what I was basically seeing as an insider who
38:05saw how these things worked is those exact same chains of information that, in my opinion, should only belong in
38:12a foreign battlefield.
38:32Special thanks to our sponsor, Palantir.
38:39Palantir has been the top-performing stock on the entire U.S. stock market.
38:43In 2025.
38:45And a big part of that is they've been raking in government contracts under the Trump administration.
38:52They're also getting this $10 billion contract over the next decade to basically place Palantir in all aspects of the
39:01U.S. military.
39:01It's an enormous, enormous, enormous benefit to one single company.
39:06The day that that contract was announced, their stock price just, whew, was like, went through the roof.
39:14Peter Thiel's Palantir has grown under both Democrat and Republican administrations.
39:22During President Trump's second term, it's become one of the biggest companies in the world, worth more than $400 billion.
39:32Palantir told Panorama it provides its software to help democratically elected governments of the West implement policies that align with
39:40applicable law and the political will of their electorates, independent of the political stripes in question.
39:47It says its ice work began in 2011 under the Obama administration, and it believes its software can help ice
39:54achieve its goals and duties more effectively and accurately.
39:59Palantir also says it respects the right of its employees to express their views.
40:05The White House told Panorama, President Trump has exercised his lawful authority to protect federal officers and assets from violent
40:13riots and lawlessness that local leaders have refused to quell.
40:18And that the president's executive actions to address left wing violence will employ a whole of government approach.
40:24The White House told Panorama, President Trump, President Trump, the United States of the United States of the United States.
40:29Thiel, I would argue, is really the architect of this moment that we are living in today, which is that,
40:35you know, a handful of very well-connected technologists are basically at the arm of some of the most powerful
40:44people in the world.
40:47Peter Thiel's former employee, J.D. Vance, may even be in line for President Trump's job.
40:55You can better believe how much they're putting into 2028 already.
40:59Vance has a whole operation, such a well-funded operation,
41:04that is ready for his 2028 campaign.
41:07Like, they're starting now.
41:12We're at an inflection point right now.
41:15If J.D. Vance were to become president,
41:17you would have the oligarchy fundamentally in charge.
41:22I mean, there would be no constraint on them.
41:26They would run everything.
41:28Thank you, President Trump. It's a great, great honor to be here.
41:30And it's true that I never expected to work in government at all.
41:33And then everything changed after President Trump came on my podcast.
41:38Panorama invited Peter Thiel, Elon Musk, and David Sachs to take part in this program.
41:45They declined.
41:48David, you know, you've done a wonderful job.
41:51Would you like to say a few words?
41:53There's a boom happening right now in AI because of what President Trump has done
41:57in terms of stimulating an investment.
41:58It's going to benefit all Americans.
42:00So it's really a thrill to be part of it.
42:04Trump and big tech have formed a kind of diabolical union.
42:11Thanks for hosting this.
42:12And this is quite a group to get together.
42:14Thank you for incredible leadership.
42:16Big tech gets out of it a great deal of power, political power.
42:23It wants hands-off in terms of regulating artificial intelligence
42:29or any direction that big tech wants to go in.
42:33Political support and light-touch regulation are vital to big tech companies and their profits.
42:41The payout could be enormous.
42:45AI is forecast to add more than $15 trillion to the global economy over the next four years.
42:54Big tech is really driving a golden age for technology, for AI, for robotics.
43:00That's going to be hundreds of thousands of jobs over the coming decades
43:04that are going to go to American workers and their families.
43:09There are posters out there that would say, don't hire humans.
43:13I expect that most of the jobs that people have now will not be here.
43:19It will be very, very different in 10 years.
43:22So the challenge that we face is a very profound issue.
43:29Following a public rift with the president,
43:32Elon Musk and Donald Trump have mended ties.
43:36And in September, Musk's firm, XAI,
43:40secured a deal to supply its technology to federal agencies.
43:47In 2023, Elon Musk was cautioning about the risks of AI.
43:53I've been warning about AI safety for over a decade.
43:58And people didn't take it seriously.
44:02I think there should be a regulatory body established for overseeing AI
44:07to make sure that it does not present a danger to the public.
44:12Since then, the Trump administration has refused to sign up
44:16to the most recent global AI declaration,
44:20saying pro-growth AI policies should be prioritized instead.
44:26Now Elon Musk is betting on AI ushering in a new age of superintelligent robots.
44:33We're going to a dystopian place unless we stop it.
44:40This race for superintelligence is a direction
44:44where you can't put the horse back in the barn.
44:48Elon Musk says there's 20% probability
44:51that humanity could be destroyed by this.
44:54And the four horsemen in Silicon Valley
44:57virtually have no guardrails, no controls whatsoever.
45:31they're going to be right back.
45:31I'm going to beat by this.
45:31Most recently, Elon Musk對 Aktan
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