00:00Is that you have to have an environment that's relatively free of regulation, meaning that new things must be default
00:08legal as opposed to default illegal.
00:12So in the EU, for example, we find that the regulation level is extraordinarily high and things are generally default
00:19illegal.
00:20And this inhibits progress of new technologies.
00:25It slows it down. It doesn't it doesn't ultimately stop it, but it slows it down quite considerably is that
00:31the there will be a significant power shortfall next year.
00:36So not like distant future, there's expected to be a big I believe the consensus estimate among analysts that follows
00:43the space very closely is that there will be at least a 15 gigawatt shortfall of power in 2027 for
00:52AI chips.
00:54So this is perhaps an obvious thing that one would expect to occur because the rate at which AI chips
01:03is being produced is is has been rising incredibly rapidly.
01:07They're sort of rising on the order of 40 to 40 to 50 percent a year.
01:10But the but the power available outside of China has been rising at like 10 to 20 percent a year.
01:17In fact, even I'd say at this point, there are challenges with power even before next year, which is why
01:24Google and Anthropic and many other companies are actually leasing compute from SpaceX because we've been able to turn on
01:32AI better than anyone else so far.
01:36But this is by constructing our own power plants is the only way we were able to do it in
01:4210 years of humanoid robots.
01:44And I think this is a conservative estimate, by the way, this is this one I would be willing to
01:50put serious money betting on that there will be at least a billion robots in 10 years.
01:56And that those robots will be at least five times the output of a human, meaning that the billion human
02:02robots will be more productive than all humans combined.
02:07And that those robots will be more productive than all humans combined.