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DeFi Monk explains why Hyperliquid shouldn’t be valued using FDV “Right now we think it should probably be somewhere in between, if not closer to circulating” “That’s a massive shift in the story if all of a sudden Hyperliquid is not worth like $60B. I’ve had a background in... equities before and there is no such thing as an FDV for the average stock” “No one ever sits down and goes what is the maximum amount of shares Nvidia could ever issue over the entire history of the stock. I think now that we’re introducing HYPE to this more traditional investor, we kind of need to speak on their terms” “The reality is the 40% or so of supply allocated for future incentives, I just don’t think that makes sense to be including in any sort of real market cap discussion” “One, we have no idea when and if that supply will ever come online and two, if it does, I think there’s a real chance Jeff and the team decide to use it in an accretive way where let’s say a dollar worth of HYPE incentives generates a dollar or more of HYPE buybacks” “So what is inflation really? It’s probably just staking rewards and team unlocks. That’s basically what investors should be focusing on”show more

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ELON: THE PEOPLE SHOULD DECIDE WHAT'S IMPORTANT, NOT A HANDFUL OF EDITORS "I don't think there should be a gatekeeping function by a small number of individuals. For newspapers in America, there are about five editors that decide what gets put on the front page, or what to focus on, or what not to focus on. And most of the other papers just copy them, essentially. But is that really what we want? Do we want a handful of people deciding what they think is important? Or should it be the people who decide what's important? And I think it should be sort of an organic thing, where the people decide what's important and what to focus on, not just a handful of editors. They don't like the fact that this power has been taken away from them. But I think it should be." Source: European Jewish Association, January 2024

ELON: THE PEOPLE SHOULD DECIDE WHAT'S IMPORTANT, NOT A HANDFUL OF EDITORS "I don't think there should be a gatekeeping function by a small number of individuals. For newspapers in America, there are about five editors that decide what gets put on the front page, or what to focus on, or what not to focus on. And most of the other papers just copy them, essentially. But is that really what we want? Do we want a handful of people deciding what they think is important? Or should it be the people who decide what's important? And I think it should be sort of an organic thing, where the people decide what's important and what to focus on, not just a handful of editors. They don't like the fact that this power has been taken away from them. But I think it should be." Source: European Jewish Association, January 2024

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Will Ferrell says the iconic Anchorman news team fight was his favorite scene to film, revealing it was shot in 100-degree heat in just one day and captured the absurd comedy that defined the movie. “One of my favorite scenes in the movie. It’s such an incredible joke bag. Before we get into the fight, Brick Tamland, played by Steve Carell, is holding a grenade. We don’t know how he got ahold of it. There is a man on fire, there is someone being dragged by a net by horseback, which is kind of an homage to early Planet of the Apes.” “I think it’s something like 30 to 35 different setups, with two units, a stunt unit working at the same time as the main film unit in downtown LA in the middle of July. And I think it was 100 degrees that day.” “And we only had the one day to complete all that. And it’s probably a scene that should have taken three days to shoot. So silly, so absurdist. I think it is really one of the touchstone moments that defines the tone of Anchorman.” “I think Adam and I wanted to create this film where we got to indulge every comedy idea we ever had and follow it all the way through without someone telling us, “No, that scene’s too long,” “No one would ever do that,” “That doesn’t make sense.” We just wanted it to be like, it may not make sense, but it’s just funny.” “I think when people saw that film, they were like, “This feels like someone gave you the keys to a car and you’re 5 years old and you don’t know how to drive.” No one wanted to make it, no one understood why this would be funny. We just felt like we were playing with the house’s money, and let’s just make the craziest film we can, because we may never be allowed to make another movie ever again.”

Will Ferrell says the iconic Anchorman news team fight was his favorite scene to film, revealing it was shot in 100-degree heat in just one day and captured the absurd comedy that defined the movie. “One of my favorite scenes in the movie. It’s such an incredible joke bag. Before we get into the fight, Brick Tamland, played by Steve Carell, is holding a grenade. We don’t know how he got ahold of it. There is a man on fire, there is someone being dragged by a net by horseback, which is kind of an homage to early Planet of the Apes.” “I think it’s something like 30 to 35 different setups, with two units, a stunt unit working at the same time as the main film unit in downtown LA in the middle of July. And I think it was 100 degrees that day.” “And we only had the one day to complete all that. And it’s probably a scene that should have taken three days to shoot. So silly, so absurdist. I think it is really one of the touchstone moments that defines the tone of Anchorman.” “I think Adam and I wanted to create this film where we got to indulge every comedy idea we ever had and follow it all the way through without someone telling us, “No, that scene’s too long,” “No one would ever do that,” “That doesn’t make sense.” We just wanted it to be like, it may not make sense, but it’s just funny.” “I think when people saw that film, they were like, “This feels like someone gave you the keys to a car and you’re 5 years old and you don’t know how to drive.” No one wanted to make it, no one understood why this would be funny. We just felt like we were playing with the house’s money, and let’s just make the craziest film we can, because we may never be allowed to make another movie ever again.”

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ELON: WE WILL NOT ACCEPT AN ANOINTED CLASS OF JOURNALISTS WHO TELL US WHAT TO THINK “What we're not going to do is say that there's some anointed class of journalists who are the special ones who get to tell everyone what they should think. It should be up to the people what they think. And even if an article is completely accurate, comprehensive, and everything, in writing that article, the media is choosing the narrative. They're deciding what to write an article about. So, I'm hopeful that this can be more a case of the public choosing the narrative as opposed to the media choosing the narrative. At least a combination of the media and the public choosing the narrative, and the public getting to weigh in on stories if they think that they should add something to it, or we've got something wrong. And over time, I think if Twitter is the best source of truth, it will succeed. And if we are not the vessels of truth, we will fail.” Source: Interview with the BBC, April 2023, Elon Musk

ELON: WE WILL NOT ACCEPT AN ANOINTED CLASS OF JOURNALISTS WHO TELL US WHAT TO THINK “What we're not going to do is say that there's some anointed class of journalists who are the special ones who get to tell everyone what they should think. It should be up to the people what they think. And even if an article is completely accurate, comprehensive, and everything, in writing that article, the media is choosing the narrative. They're deciding what to write an article about. So, I'm hopeful that this can be more a case of the public choosing the narrative as opposed to the media choosing the narrative. At least a combination of the media and the public choosing the narrative, and the public getting to weigh in on stories if they think that they should add something to it, or we've got something wrong. And over time, I think if Twitter is the best source of truth, it will succeed. And if we are not the vessels of truth, we will fail.” Source: Interview with the BBC, April 2023, Elon Musk

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Elon Musk: We will not accept an anointed class of journalists who tell us what to think. “What we're not going to do is say that there's some anointed class of journalists who are the special ones who get to tell everyone what they should think. It should be up to the people what they think. And even if an article is completely accurate, comprehensive, and everything, in writing that article, the media is choosing the narrative. They're deciding what to write an article about. So, I'm hopeful that this can be more a case of the public choosing the narrative as opposed to the media choosing the narrative. At least a combination of the media and the public choosing the narrative, and the public getting to weigh in on stories if they think that they should add something to it, or we've got something wrong. And over time, I think if Twitter is the best source of truth, it will succeed. And if we are not the vessels of truth, we will fail.” Interview with the BBC, April 12, 2023

Elon Musk: We will not accept an anointed class of journalists who tell us what to think. “What we're not going to do is say that there's some anointed class of journalists who are the special ones who get to tell everyone what they should think. It should be up to the people what they think. And even if an article is completely accurate, comprehensive, and everything, in writing that article, the media is choosing the narrative. They're deciding what to write an article about. So, I'm hopeful that this can be more a case of the public choosing the narrative as opposed to the media choosing the narrative. At least a combination of the media and the public choosing the narrative, and the public getting to weigh in on stories if they think that they should add something to it, or we've got something wrong. And over time, I think if Twitter is the best source of truth, it will succeed. And if we are not the vessels of truth, we will fail.” Interview with the BBC, April 12, 2023

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David Sacks: The Techno-Realist On E215, David Sacks explained a third category outside of techno-optimist and doomer: "Given the choice between the two categories of techno-optimist and techno-pessimist, I'm definitely in the optimist camp. And I think we should be." "But I think there's actually a third category that I would submit: techno-realist." "Which is, technology is going to happen. Trying to stop it is like ordering the tides to stop." "AI is going to happen. We might as well be the leader." "If we don't do it, somebody else will. China's going to do it or somebody else will do it." "If we don't, we could lose in a key category that has implications for national security, for our economy, for many things." "That's just not a world we want to live in." "So, I think a lot of this debate is sort of academic because the question is just, is it going to happen or not?" "And I think the answer is yes. So then we want to control it." "There's not a tremendous amount of choice in this, I think."

David Sacks: The Techno-Realist On E215, David Sacks explained a third category outside of techno-optimist and doomer: "Given the choice between the two categories of techno-optimist and techno-pessimist, I'm definitely in the optimist camp. And I think we should be." "But I think there's actually a third category that I would submit: techno-realist." "Which is, technology is going to happen. Trying to stop it is like ordering the tides to stop." "AI is going to happen. We might as well be the leader." "If we don't do it, somebody else will. China's going to do it or somebody else will do it." "If we don't, we could lose in a key category that has implications for national security, for our economy, for many things." "That's just not a world we want to live in." "So, I think a lot of this debate is sort of academic because the question is just, is it going to happen or not?" "And I think the answer is yes. So then we want to control it." "There's not a tremendous amount of choice in this, I think."

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Marc Andreessen explains the 3 Necessities for Start-up Success: "The general criteria for a successful high-tech startup, in my view, you see different sort of rules of thumb from different people. But the three big things you always come back to are, is there a big market? And by the way, that comes in two parts. Is there a big existing market that you think you can go after and sort of displace incumbents or do you believe there will be a new market that will be big? So big market. Is there a fundamental technology or economic change that causes you to basically justify having a new company? And that's really important. And the way I always think about that is, is there a 10X change happening in the technology landscape? Is something 10X faster or 10X cheaper or 10X better? And if it's not 10X, we as both VCs and entrepreneurs, we really have to ask ourselves like, is it really worth doing? Because it's really hard. I mean, it's really hard to start new companies. new companies generally shouldn't exist. Existing companies are usually pretty good at what they do. And so for a new company to exist, it not only has to like come in and go into business and bring a product to market, but it has to bring a product to market that's so much better than what already exists that it punches through the sort of status quo. And most customers in most markets are pretty happy buying from the current suppliers and so there has to be a real kind of edge on the thing and we look for that in either a technology change, usually a technology change or an economic change. which are often the same thing. And then the third is team. Is the team outstanding? And if you think about this as an entrepreneur, it becomes a question of the founding team. Some companies are solo founders and they can work, but generally most of us, like myself, we're human beings, we're mortal. You want to have a founding team of complementary skill sets. And so you want to have at least one super strong technologist, quite possibly more than one. Some of the best startups are actually more than one founding technologist and then it often helps to have somebody who's like a product or who's a market or sales person or has a sort of really good understanding of business on the team, certainly helps a lot. And so we sort of look at market, product, and team. And the reality is you need all three. I would say, interestingly, if you're going to compromise as an investor, if we're going to compromise on one of those, it would actually be the product. And the reason I say that is because a great market is a lot easier to make up for with iterative product execution than a poor market. Because the problem with a poor market, a small market, is even if you do a great job on the product, there just aren't that many customers. It's hard to ever get big."

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Elon Musk on Grok: “I think an AI that is sort of SpaceX’s baby will be a very good AI. I think SpaceX is a collection of some of the very best humans on Earth, both in capability and morality and goodness, and I think we want to have an AI that is born of that capability and that morality and that goodness. I think that’s very, very important. So I’d like to encourage people to help out, actually, with the AI hardware on the ground and the AI software and, of course, with the AI satellites. Solar is going to be a very important part of that. The TerraFab will be a very important part of that, but we must also succeed on the software front, and we’re going to be training Grok on the sum total of all SpaceX information. So in a way, it will be trained on you. You will effectively be the parents of the AI. It will inherit your thoughts and ideas and beliefs, and I think that’s a good thing. So, yeah, we’ve got to win here on the AI hardware and the AI software. That maybe is the most important message. I think that is actually the most important message I wanted to convey today is that we must win on AI because the future is overwhelmingly AI and robots. So we won’t ultimately be able to control the AI. It’ll be too smart for that. But just like if you have a child that is a super genius child, you can still instill in that child the values and beliefs that you think are good and right. And so that’s why it’s incredibly important that we succeed with Grok. So, yeah, well, Grok 4.5 you’ve tried probably. We’ve got 4.6 coming out in about a week. And then 4.7 should be really pretty special. So I’d like to encourage everyone at SpaceX to use AI and to make it better.”

Elon Musk on Grok: “I think an AI that is sort of SpaceX’s baby will be a very good AI. I think SpaceX is a collection of some of the very best humans on Earth, both in capability and morality and goodness, and I think we want to have an AI that is born of that capability and that morality and that goodness. I think that’s very, very important. So I’d like to encourage people to help out, actually, with the AI hardware on the ground and the AI software and, of course, with the AI satellites. Solar is going to be a very important part of that. The TerraFab will be a very important part of that, but we must also succeed on the software front, and we’re going to be training Grok on the sum total of all SpaceX information. So in a way, it will be trained on you. You will effectively be the parents of the AI. It will inherit your thoughts and ideas and beliefs, and I think that’s a good thing. So, yeah, we’ve got to win here on the AI hardware and the AI software. That maybe is the most important message. I think that is actually the most important message I wanted to convey today is that we must win on AI because the future is overwhelmingly AI and robots. So we won’t ultimately be able to control the AI. It’ll be too smart for that. But just like if you have a child that is a super genius child, you can still instill in that child the values and beliefs that you think are good and right. And so that’s why it’s incredibly important that we succeed with Grok. So, yeah, well, Grok 4.5 you’ve tried probably. We’ve got 4.6 coming out in about a week. And then 4.7 should be really pretty special. So I’d like to encourage everyone at SpaceX to use AI and to make it better.”

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Asked what victory in Ukraine looks like, AOC replies: "There's no conversation about Ukraine that can happen without Ukraine, and so they, of course, lead in terms of setting their their terms on this." "But I think that overall, as a principle, we shouldn't reward imperialism; and I don't think that we should allow Russia to continue or any nation to continue violating a nation's sovereignty and to continue to be rewarded and whose main lesson and takeaway is that they will gain." "And so what that looks like in the specifics, I think is a deeper conversation, but on principle, I think that is what we should be pursuing."

Asked what victory in Ukraine looks like, AOC replies: "There's no conversation about Ukraine that can happen without Ukraine, and so they, of course, lead in terms of setting their their terms on this." "But I think that overall, as a principle, we shouldn't reward imperialism; and I don't think that we should allow Russia to continue or any nation to continue violating a nation's sovereignty and to continue to be rewarded and whose main lesson and takeaway is that they will gain." "And so what that looks like in the specifics, I think is a deeper conversation, but on principle, I think that is what we should be pursuing."

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🚨If the US🇺🇸 thinks Venezuela🇻🇪 will be an easy target, it’s in for a BIG SURPRISE- Venezuela’s Former Deputy Foreign Minister for North America ‘As long as we have oil wealth and other mineral wealth, Venezuela is always going to be a target of the United States, of large multinational corporations, etc. I understand the United States has military superiority…but to think that Venezuela is an easy target, that Venezuela is someplace that you can come in and just take over, you’re up for a surprise. I think there’s a long history here of resistance, of morale to resist attacks. I think we have seen also the tragic sort of interventions that the United States has done even in recent years. I mean, you could go back to Vietnam and remember how tragic that was. But even Afghanistan, Iraq, all these more recent interventions have shown that if you don’t have the support of local populations, if there isn’t some sort of other arrangement, you’re not going to be successful. I mean, after 20 years of the disaster they caused in Afghanistan, they had to leave without accomplishing anything. That’s horrible for our people in the sense that, of course, if something like that comes to happen, and I really wish that it doesn’t come to happen — it’s going to be hurtful for the Venezuelan people. But I think they have to think twice about what really is at stake and how this is going to affect the stability of the United States. We’re not hundreds or thousands of miles away. We’re really close to the United States. And it could have a terrible effect for its economy, even for its own base. I mean, if you look at the base that supports President Trump right now, a lot of the criticism that is coming is precisely from its own base, who were promised that there would be no more forever wars.’ -Carlos Ron on the latest episode of Going Underground FULL INTERVIEW BELOW IN THE REPLIES👇

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#F1 | Lewis Hamilton believes the team is very well equipped to take on the 2026 season: “Just to be in Fiorano, you know, to be at Ferrari, to be here, to know that this is a start of a long journey, but one that I know that it just feels right, I think the team is in the best place it’s been, I think, for the time I’ve been here. And seeing everyone so motivated and driven, I think we’re really on it.” “We’ve got a lot of work to do to really make sure we do all the diligence and we really understand this car and we really have to be quick to react, be very dynamic but I feel like all hands are on deck so I’m sure we can do that.”

deni

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Marc Andreessen on the 3 things he looks for when investing in a startup The first thing Marc Andreesen looks for is a big market: “Is there a big existing market that you think you can go after and displace incumbents? Or do you believe there will be a new market that will be big?” The second thing he looks for is a 10x better product: “Is there a fundamental technology or economic change that justifies a new company? And the way I always think about that is: Is there a 10x change happening in the technology landscape? Is something 10x faster, 10x cheaper, or 10x better? If it’s not 10x, we as both VCs and entrepreneurs have to ask ourselves if it’s really worth doing because it’s really hard to start new companies . . . Existing companies are usually pretty good at what they do. So for a new company to exist, it has to bring a product to market that’s so much better than what exists that it punches through the status quo.” The third is the team: “Is the team outstanding? . . . You want to have a founding team of complementary skillsets. You want to have at least one super strong technologist — quite possibly more than one. Some of the best startups are actually more than one founding technologist. And then it often helps to have someone who is a marketing or salesperson who has a really good understanding of business.” Marc believes that you need all three of these, but if you’re going to compromise on one of those as an investor, it should be the product: “A great market is a lot easier to make up for with iterative product execution. The problem with a poor or small market is that even if you do a good job on the product, there just aren’t that many customers so it’s hard to ever get big and people get demoralized . . . And then we evaluate the team of a startup by its ability to get into a big market with a good product.”

Marc Andreessen on the 3 things he looks for when investing in a startup The first thing Marc Andreesen looks for is a big market: “Is there a big existing market that you think you can go after and displace incumbents? Or do you believe there will be a new market that will be big?” The second thing he looks for is a 10x better product: “Is there a fundamental technology or economic change that justifies a new company? And the way I always think about that is: Is there a 10x change happening in the technology landscape? Is something 10x faster, 10x cheaper, or 10x better? If it’s not 10x, we as both VCs and entrepreneurs have to ask ourselves if it’s really worth doing because it’s really hard to start new companies . . . Existing companies are usually pretty good at what they do. So for a new company to exist, it has to bring a product to market that’s so much better than what exists that it punches through the status quo.” The third is the team: “Is the team outstanding? . . . You want to have a founding team of complementary skillsets. You want to have at least one super strong technologist — quite possibly more than one. Some of the best startups are actually more than one founding technologist. And then it often helps to have someone who is a marketing or salesperson who has a really good understanding of business.” Marc believes that you need all three of these, but if you’re going to compromise on one of those as an investor, it should be the product: “A great market is a lot easier to make up for with iterative product execution. The problem with a poor or small market is that even if you do a good job on the product, there just aren’t that many customers so it’s hard to ever get big and people get demoralized . . . And then we evaluate the team of a startup by its ability to get into a big market with a good product.”

Startup Archive

17,333 Aufrufe • vor 6 Monaten

Jack Dorsey: I think of the CEO role as “Chief Editor” of the company “I think of my role as CEO of Square as an editorial function,” Jack Dorsey explains. “By editorial, I mean there are a thousand things we could be doing, but there’s only one or two that are important.” He continues: “All of these ideas and stories from users, engineers, support people, designers, are going to constantly flood what we should be doing. We need to choose the one or two that are really going to drive and sustain the product. As an editor, I’m constantly taking all these inputs and deciding on that one — or the intersection of a few — that makes sense for what we’re doing.” There are three “access points” that Jack pays attention to in particular: 1. The team. “We have to bring the best people in and edit away any negative elements… At the end of the day, we’re just a group of people working on one single goal, and if we can’t step in a cohesive, coordinated fashion, we’re going to trip all over the place. Recruiting is no. 1.” 2. Internal & External Communication. “Internal communication is just the coordination of what we’re doing and why we’re doing it… If you have the vision, the next 30 days, 3 months, 6 months, and year maybe, it makes it very easy to set priorities and for all the edges of the company to do the right thing. The external communication is the product, and the product is the story we’re telling the world… We don’t want it to be about a person. We want it to be about how people are using it, fitting it into their lives, and what they’re doing with it. That’s the strongest story we have.” 3. Editing the “money in the bank” story. “This comes in two ways: 1) through investment… or 2) through revenue.” Jack concludes: “My three priorities and focus areas are in that order. That’s what I’m constantly editing as CEO, and I think it makes managing a growing company in a fast-paced environment very easy because there’s basically one thing you have to do: You have to make every single detail perfect and you have to limit the number of details. That’s it. If you can do that well… you’re going to succeed because you’re paying attention to the smallest things. And if you pay attention to the smallest things while knowing what’s important, then everything else takes care of itself.” Video source: Stanford University (2011)

Jack Dorsey: I think of the CEO role as “Chief Editor” of the company “I think of my role as CEO of Square as an editorial function,” Jack Dorsey explains. “By editorial, I mean there are a thousand things we could be doing, but there’s only one or two that are important.” He continues: “All of these ideas and stories from users, engineers, support people, designers, are going to constantly flood what we should be doing. We need to choose the one or two that are really going to drive and sustain the product. As an editor, I’m constantly taking all these inputs and deciding on that one — or the intersection of a few — that makes sense for what we’re doing.” There are three “access points” that Jack pays attention to in particular: 1. The team. “We have to bring the best people in and edit away any negative elements… At the end of the day, we’re just a group of people working on one single goal, and if we can’t step in a cohesive, coordinated fashion, we’re going to trip all over the place. Recruiting is no. 1.” 2. Internal & External Communication. “Internal communication is just the coordination of what we’re doing and why we’re doing it… If you have the vision, the next 30 days, 3 months, 6 months, and year maybe, it makes it very easy to set priorities and for all the edges of the company to do the right thing. The external communication is the product, and the product is the story we’re telling the world… We don’t want it to be about a person. We want it to be about how people are using it, fitting it into their lives, and what they’re doing with it. That’s the strongest story we have.” 3. Editing the “money in the bank” story. “This comes in two ways: 1) through investment… or 2) through revenue.” Jack concludes: “My three priorities and focus areas are in that order. That’s what I’m constantly editing as CEO, and I think it makes managing a growing company in a fast-paced environment very easy because there’s basically one thing you have to do: You have to make every single detail perfect and you have to limit the number of details. That’s it. If you can do that well… you’re going to succeed because you’re paying attention to the smallest things. And if you pay attention to the smallest things while knowing what’s important, then everything else takes care of itself.” Video source: Stanford University (2011)

Startup Archive

46,836 Aufrufe • vor 1 Jahr

FULL TRANSCRIPT OF ELON'S CYBERCAB AND ROBOVAN PRESENTATION 00:00 Welcome 01:16 Cybercab & Future of transportation 04:33 Cost 05:53 Timeline 07:13 Self-driving technology 10:05 Inductive charging 10:24 The cities of the future 11:04 Robovan 12:13 Optimus Welcome Welcome to the We, Robot party. We have quite a show for you tonight. I think you're going to like it. As you can see, I just arrived in the Robotaxi, the Cybercab. And there's 20 more where that came from. So they've been traveling, there's no people in them. As you can see, the car is just going by with no people. We have 50 fully autonomous cars here tonight. So you'll see model Y's and the Cybercabs, all driverless. You'll be able to take a ride in the Cybercab. There's no steering wheel or pedals. So I hope this goes well, we'll find out. You see a lot of sci-fi movies where the future is dark and dismal, where it's not a future you want to be in. So, you know, I love Blade Runner, but I don't know if we want that future. We want that duster he's wearing, but not the bleak apocalypse. We want to have a fun, exciting future that, if you could look in a crystal ball and see the future, you'd be like, yes, I wish I could be there now. That's what we want. Cybercab & Future of transportation So, when we think about transport today, there's a lot of pain that we take for granted, that we think is normal. Like having to drive around LA in 3 hours of traffic. Yeah, people that live in LA, I mean, you know, try to get from Pasadena to El Segundo during rush hour. You can fly to another city faster than you can get to LA. And you have to drive the whole way, unless you're in a Tesla. Of course, our Tesla already does quite well at this supervised self-driving. So, supervised full self-driving is actually working quite well. I'm sure there's people in the crowd who are using that. So, we'll move from supervised full self-driving to unsupervised full self-driving where the car, you could fall asleep and wake up at your destination. But there's also a challenge for a lot of people that cars cost too much. I mean, when you factor in everything that goes into a car and the car insurance and the car payments, storage of the car, it's very expensive. You say, like, how many hours a week are cars used? Your average passenger car is only used about 10 hours a week out of 168 hours. So, the vast majority of the time cars are just doing nothing. But if they're autonomous, they could be used, I don't know, five times more, maybe ten times more. So you could actually, for the same car, would have five times as much value, maybe ten times as much value. There's 168 hours in the week, and like I said, only ten of them are used for driving. And then, a bunch of those hours are looking for a parking spot, which can be pretty annoying at times. So, with autonomy, you get your time back. This is a very big deal. So it's not just, it'll save lives, like a lot of lives and prevent injuries. I think we'll see autonomous cars become ten times safer than a human. I mean, if you think of times past where there used to be an elevator operator in every elevator but once in a while, they get tired and accidentally shear somebody in half. Now, we have automated elevators. You just get an elevator and you press a button and you don't even think about it and it just takes you to the floor. And if you did see an elevator operator with a big relay switch, you'd be like, that's weird. That's how cars will be. And it's not just the lives saved in injuries, but if you think about the cumulative time that people spend in a car and the time that they will get back that they can now spend, well, I guess, on their phones or watching a movie or doing work or whatever you want to do you can think of the car in autonomous world as being like just little lounge. You're just sitting in a comfortable little lounge and you can do whatever you want while you're in this comfortable little lounge. And when you get out, you will be at your destination. So, yeah, it's gonna be awesome. Cost So, in fact, I think the cost of autonomous transport will be so low that you can think of it like individualized mass transit. The average cost of a bus per mile for a city, not the ticket price, because that is subsidized, but the average price is about a dollar a mile, whereas the cost of Cybercab we think probably over time, the operating cost is probably going to be around twenty cents a mile. Including taxes and everything else, it probably ends up being 30 or 40 cents a mile. And you will be able to buy one. And we expect the cost to be below $30,000. And I think there'll be an interesting business model where, let's say somebody is an Uber or Lyft driver today where they can actually sort of manage a fleet of cars and like, sort of manage, I don't know, 10, 20 cars and just take care of them. Like a shepherd tends their flock. You have a little flock of cars and you're the shepherd and you take care of your flock of cars. I think that would be pretty cool. I think it's going to be a glorious future. It's going to be really something special. Timeline We do expect actually to start fully autonomous unsupervised FSD in Texas and California next year. And that's obviously, that's with the Model 3 and Model Y. And then we expect to be in production with the Cybercab, which is really highly optimized for autonomous transport in probably, I tend to be a little optimistic with time frames, but in 2026. So, yeah, before 2027, let me put it that way. And we'll make this vehicle in very high volume. But well, before that, you will experience a robotic taxi via the Model 3 and Model Y program and model S and X, too. But the Model 3 and Y will achieve unsupervised full self-driving with permission, in wherever regulators essentially approve it. In the US, and then to follow outside the US. And Cybertruck, too. All our cars are basically, all cars that we make. Let's not get nuanced here. Self-driving technology One of the reasons why the computer can be so much better than a person is that we have millions of cars that are training on driving. It's like living millions of lives simultaneously and seeing very unusual situations that a person in their entire lifetime would not see. With that amount of training data, it's obviously going to be much better than what a human could be because you can't live a million lives. And it's also, it can see in all directions simultaneously and it doesn't get tired or text or any of those things. So, it will naturally be, like I said 10, 20, 30 times safer than a human, just for all those reasons. And I want to emphasize that the solution that we have is, AI and vision. So, there's no expensive equipment needed. The Model 3 and Model Y and S and X that we make today will be capable of full autonomy, unsupervised. And that means that our cost of producing the vehicle is low. Now, we are going to actually over-spec the computer for the Cybercab. So, our AI 5 computer will be somewhat over-spec'd because I think there's actually also an opportunity, sort of like an Amazon Web Services, where if the car is driving for 50 hours a week, there's still over 100 hours left and there's a potential there to have a massive amount of distributed inference compute, where if you've got like a fleet of 100 million vehicles and a kilowatt of efficient inference compute, you have 100 gigawatts of compute, which is really quite substantial. And if it's there, you might as well use it so that I think will make sense. So, our autonomous future is here. As I said, we've got 50 Teslas driving autonomously. We're trying to give you a sense of what cities will be like in the future. And when you get in, you'll see like, it's really quite a wild experience to just be in a car with no steering wheel, no pedals, no controls, and it feels great. So we have enough vehicles here, so everyone should be able to try it out and experience the set that we've built here. It's a very big set. So it's like really we've used I don't know, 20, 30 acres or something like that. It's really big. So, it goes on, the ride's long. And we set it up to feel like a ride, like a park ride. So, it'll be cool and you'll get to experience it tonight. Inductive charging Something we're also doing is and it's really high time we did this is inductive charging. So, the robotaxi has no plug. It just goes over the inductive charger and charges. So, yeah, it's kind of how it should be. The cities of the future One of the things that is really interesting is how will this affect the cities that we live in. And when you drive around a city, or when the car drives you around the city, you'll see there's a lot of parking lots. There's parking lots everywhere, parking garages. What would happen if you have an autonomous world is that you can now turn parking lots into parks. And so, from we're taking the inglot out of parking lot. You're welcome. So, there's a lot of opportunity to create green space in the cities that we live in. So, like, that would be quite fantastic. Robovan Oh, and also, what happens if you need a vehicle that is bigger than a Model Y? The Robovan. We're going to make this and it's going to look like that. Now, can you imagine going down the streets and you see this coming towards you? That'd be sick. So this can carry up to 20 people, and it can also transport goods. You can configure it for goods transport within a city. Or transport of up to 20 people at a time. The Robovan is what's gonna solve for high density. If you want to take a sports team somewhere or you're looking to really get the cost of travel down to, I don't know, 5, 10 cents a mile, then you can use the Robovan. One of the things we want to do, and we've seen this with the Cybertruck, is we want to change the look of the roads. The future should look like the future. Optimus Speaking of robots. Everything we've developed for our cars, the batteries, power electronics, the advanced motors, gearboxes, the software, the AI inference computer, it all actually applies to a humanoid robot. The same techniques. It's just a robot with arms and legs instead of a robot with wheels. We've made a lot of progress with Optimus. And as you can see, we started up with someone in a robot suit. And then, we've progressed dramatically, year after year. So, if you extrapolate this, you're really going to have something spectacular, something that anyone could own. So, you can have your own personal R2-D2-C3PO. And I think at scale, this would cost something like, I don't know, $20,000, $30,000, probably less than a car is my prediction, long-term. It'll take us a minute to get to the long term. But fundamentally, at scale, the Optimus robot, you should be able to buy an Optimus robot for, I think, probably $20,000 to $30,000, long-term. And what can it do? It'll basically do anything you want. It can be a teacher or babysit your kids, it can walk your dog, mow your lawn, get the groceries, just be your friend, serve drinks whatever you can think of, it will do. And, yeah, it's going to be awesome. I think this will be the biggest product ever of any kind, because I think everyone of the 8 billion people of Earth, I think everyone's going to want their Optimus buddy. And there's going to be maybe two. And then, they'll be producing products and services. I predict, actually, provided we address risks of digital superintelligence, 80% probability of good outcome, look on the bright side, the cup is 80% full, the cost of products and services will decline dramatically. And basically, anyone will be able to have any products and services they want. It will be an age of abundance the likes of which people have not, almost no one has envisioned. It will be something special. So now, one of the things we wanted to show tonight was that Optimus is not a canned video. It's not walled off. The Optimus robots will walk among you. Please, please be nice to the Optimus robots. You'll be able to walk right up to them and they'll serve drinks at the bar. I mean, it's a wild experience just to have humanoid robots and they're there, you're just in front of you. So yeah, with that, let's party!

FULL TRANSCRIPT OF ELON'S CYBERCAB AND ROBOVAN PRESENTATION 00:00 Welcome 01:16 Cybercab & Future of transportation 04:33 Cost 05:53 Timeline 07:13 Self-driving technology 10:05 Inductive charging 10:24 The cities of the future 11:04 Robovan 12:13 Optimus Welcome Welcome to the We, Robot party. We have quite a show for you tonight. I think you're going to like it. As you can see, I just arrived in the Robotaxi, the Cybercab. And there's 20 more where that came from. So they've been traveling, there's no people in them. As you can see, the car is just going by with no people. We have 50 fully autonomous cars here tonight. So you'll see model Y's and the Cybercabs, all driverless. You'll be able to take a ride in the Cybercab. There's no steering wheel or pedals. So I hope this goes well, we'll find out. You see a lot of sci-fi movies where the future is dark and dismal, where it's not a future you want to be in. So, you know, I love Blade Runner, but I don't know if we want that future. We want that duster he's wearing, but not the bleak apocalypse. We want to have a fun, exciting future that, if you could look in a crystal ball and see the future, you'd be like, yes, I wish I could be there now. That's what we want. Cybercab & Future of transportation So, when we think about transport today, there's a lot of pain that we take for granted, that we think is normal. Like having to drive around LA in 3 hours of traffic. Yeah, people that live in LA, I mean, you know, try to get from Pasadena to El Segundo during rush hour. You can fly to another city faster than you can get to LA. And you have to drive the whole way, unless you're in a Tesla. Of course, our Tesla already does quite well at this supervised self-driving. So, supervised full self-driving is actually working quite well. I'm sure there's people in the crowd who are using that. So, we'll move from supervised full self-driving to unsupervised full self-driving where the car, you could fall asleep and wake up at your destination. But there's also a challenge for a lot of people that cars cost too much. I mean, when you factor in everything that goes into a car and the car insurance and the car payments, storage of the car, it's very expensive. You say, like, how many hours a week are cars used? Your average passenger car is only used about 10 hours a week out of 168 hours. So, the vast majority of the time cars are just doing nothing. But if they're autonomous, they could be used, I don't know, five times more, maybe ten times more. So you could actually, for the same car, would have five times as much value, maybe ten times as much value. There's 168 hours in the week, and like I said, only ten of them are used for driving. And then, a bunch of those hours are looking for a parking spot, which can be pretty annoying at times. So, with autonomy, you get your time back. This is a very big deal. So it's not just, it'll save lives, like a lot of lives and prevent injuries. I think we'll see autonomous cars become ten times safer than a human. I mean, if you think of times past where there used to be an elevator operator in every elevator but once in a while, they get tired and accidentally shear somebody in half. Now, we have automated elevators. You just get an elevator and you press a button and you don't even think about it and it just takes you to the floor. And if you did see an elevator operator with a big relay switch, you'd be like, that's weird. That's how cars will be. And it's not just the lives saved in injuries, but if you think about the cumulative time that people spend in a car and the time that they will get back that they can now spend, well, I guess, on their phones or watching a movie or doing work or whatever you want to do you can think of the car in autonomous world as being like just little lounge. You're just sitting in a comfortable little lounge and you can do whatever you want while you're in this comfortable little lounge. And when you get out, you will be at your destination. So, yeah, it's gonna be awesome. Cost So, in fact, I think the cost of autonomous transport will be so low that you can think of it like individualized mass transit. The average cost of a bus per mile for a city, not the ticket price, because that is subsidized, but the average price is about a dollar a mile, whereas the cost of Cybercab we think probably over time, the operating cost is probably going to be around twenty cents a mile. Including taxes and everything else, it probably ends up being 30 or 40 cents a mile. And you will be able to buy one. And we expect the cost to be below $30,000. And I think there'll be an interesting business model where, let's say somebody is an Uber or Lyft driver today where they can actually sort of manage a fleet of cars and like, sort of manage, I don't know, 10, 20 cars and just take care of them. Like a shepherd tends their flock. You have a little flock of cars and you're the shepherd and you take care of your flock of cars. I think that would be pretty cool. I think it's going to be a glorious future. It's going to be really something special. Timeline We do expect actually to start fully autonomous unsupervised FSD in Texas and California next year. And that's obviously, that's with the Model 3 and Model Y. And then we expect to be in production with the Cybercab, which is really highly optimized for autonomous transport in probably, I tend to be a little optimistic with time frames, but in 2026. So, yeah, before 2027, let me put it that way. And we'll make this vehicle in very high volume. But well, before that, you will experience a robotic taxi via the Model 3 and Model Y program and model S and X, too. But the Model 3 and Y will achieve unsupervised full self-driving with permission, in wherever regulators essentially approve it. In the US, and then to follow outside the US. And Cybertruck, too. All our cars are basically, all cars that we make. Let's not get nuanced here. Self-driving technology One of the reasons why the computer can be so much better than a person is that we have millions of cars that are training on driving. It's like living millions of lives simultaneously and seeing very unusual situations that a person in their entire lifetime would not see. With that amount of training data, it's obviously going to be much better than what a human could be because you can't live a million lives. And it's also, it can see in all directions simultaneously and it doesn't get tired or text or any of those things. So, it will naturally be, like I said 10, 20, 30 times safer than a human, just for all those reasons. And I want to emphasize that the solution that we have is, AI and vision. So, there's no expensive equipment needed. The Model 3 and Model Y and S and X that we make today will be capable of full autonomy, unsupervised. And that means that our cost of producing the vehicle is low. Now, we are going to actually over-spec the computer for the Cybercab. So, our AI 5 computer will be somewhat over-spec'd because I think there's actually also an opportunity, sort of like an Amazon Web Services, where if the car is driving for 50 hours a week, there's still over 100 hours left and there's a potential there to have a massive amount of distributed inference compute, where if you've got like a fleet of 100 million vehicles and a kilowatt of efficient inference compute, you have 100 gigawatts of compute, which is really quite substantial. And if it's there, you might as well use it so that I think will make sense. So, our autonomous future is here. As I said, we've got 50 Teslas driving autonomously. We're trying to give you a sense of what cities will be like in the future. And when you get in, you'll see like, it's really quite a wild experience to just be in a car with no steering wheel, no pedals, no controls, and it feels great. So we have enough vehicles here, so everyone should be able to try it out and experience the set that we've built here. It's a very big set. So it's like really we've used I don't know, 20, 30 acres or something like that. It's really big. So, it goes on, the ride's long. And we set it up to feel like a ride, like a park ride. So, it'll be cool and you'll get to experience it tonight. Inductive charging Something we're also doing is and it's really high time we did this is inductive charging. So, the robotaxi has no plug. It just goes over the inductive charger and charges. So, yeah, it's kind of how it should be. The cities of the future One of the things that is really interesting is how will this affect the cities that we live in. And when you drive around a city, or when the car drives you around the city, you'll see there's a lot of parking lots. There's parking lots everywhere, parking garages. What would happen if you have an autonomous world is that you can now turn parking lots into parks. And so, from we're taking the inglot out of parking lot. You're welcome. So, there's a lot of opportunity to create green space in the cities that we live in. So, like, that would be quite fantastic. Robovan Oh, and also, what happens if you need a vehicle that is bigger than a Model Y? The Robovan. We're going to make this and it's going to look like that. Now, can you imagine going down the streets and you see this coming towards you? That'd be sick. So this can carry up to 20 people, and it can also transport goods. You can configure it for goods transport within a city. Or transport of up to 20 people at a time. The Robovan is what's gonna solve for high density. If you want to take a sports team somewhere or you're looking to really get the cost of travel down to, I don't know, 5, 10 cents a mile, then you can use the Robovan. One of the things we want to do, and we've seen this with the Cybertruck, is we want to change the look of the roads. The future should look like the future. Optimus Speaking of robots. Everything we've developed for our cars, the batteries, power electronics, the advanced motors, gearboxes, the software, the AI inference computer, it all actually applies to a humanoid robot. The same techniques. It's just a robot with arms and legs instead of a robot with wheels. We've made a lot of progress with Optimus. And as you can see, we started up with someone in a robot suit. And then, we've progressed dramatically, year after year. So, if you extrapolate this, you're really going to have something spectacular, something that anyone could own. So, you can have your own personal R2-D2-C3PO. And I think at scale, this would cost something like, I don't know, $20,000, $30,000, probably less than a car is my prediction, long-term. It'll take us a minute to get to the long term. But fundamentally, at scale, the Optimus robot, you should be able to buy an Optimus robot for, I think, probably $20,000 to $30,000, long-term. And what can it do? It'll basically do anything you want. It can be a teacher or babysit your kids, it can walk your dog, mow your lawn, get the groceries, just be your friend, serve drinks whatever you can think of, it will do. And, yeah, it's going to be awesome. I think this will be the biggest product ever of any kind, because I think everyone of the 8 billion people of Earth, I think everyone's going to want their Optimus buddy. And there's going to be maybe two. And then, they'll be producing products and services. I predict, actually, provided we address risks of digital superintelligence, 80% probability of good outcome, look on the bright side, the cup is 80% full, the cost of products and services will decline dramatically. And basically, anyone will be able to have any products and services they want. It will be an age of abundance the likes of which people have not, almost no one has envisioned. It will be something special. So now, one of the things we wanted to show tonight was that Optimus is not a canned video. It's not walled off. The Optimus robots will walk among you. Please, please be nice to the Optimus robots. You'll be able to walk right up to them and they'll serve drinks at the bar. I mean, it's a wild experience just to have humanoid robots and they're there, you're just in front of you. So yeah, with that, let's party!

Mario Nawfal

241,051 Aufrufe • vor 1 Jahr

Scott Jennings brings the screeching CNN panel back down to earth with a cold dose of common sense on the Iran deal. JENNINGS: “Look, my view of the Iranians, is this.” “A, I don’t like the idea of them having any financial relief because they take money and then they put it into terrorism.” “Number two, I don’t think you can trust the Iranians.” “Number three, I don’t think an Iranian signature is worth all that much...” “The ONE and ONLY thing that I’ve ever wanted out of any of this was that they cannot have or ever get a nuclear weapon.” “That’s been the president’s top objective. I trust the president on that, and I know that’s what he wants out of the deal.” “If we end up doing things, though, that on the back end enable them to do any kind of rebuilding of any terror network, or any ability to terrorize us or anyone else, I would not be happy with it.”

Scott Jennings brings the screeching CNN panel back down to earth with a cold dose of common sense on the Iran deal. JENNINGS: “Look, my view of the Iranians, is this.” “A, I don’t like the idea of them having any financial relief because they take money and then they put it into terrorism.” “Number two, I don’t think you can trust the Iranians.” “Number three, I don’t think an Iranian signature is worth all that much...” “The ONE and ONLY thing that I’ve ever wanted out of any of this was that they cannot have or ever get a nuclear weapon.” “That’s been the president’s top objective. I trust the president on that, and I know that’s what he wants out of the deal.” “If we end up doing things, though, that on the back end enable them to do any kind of rebuilding of any terror network, or any ability to terrorize us or anyone else, I would not be happy with it.”

Overton

54,273 Aufrufe • vor 1 Monat

Former Fox News host Geraldo Rivera: “By focusing on the censorship aspect and the First Amendment aspect, it’s losing sight of what should be the lead and that’s that Jimmy Kimmel owes the family of Charlie Kirk and his wife Erika, two small children, an apology. You know, you know, what’s he saying? That if you’re if you’re a member of MAGA and Charlie is a friend of MAG, of MAGA, then he had it coming. It’s just — it’s — it’s in some ways — it’s very — it’s — extremely — extremely insensitive. The country is in a country is in a very tough spot right now. Everyone is walking on eggshells. The First Amendment is not a license to incite hatred and, you know, I think that we can think that we can start the discussion once Jimmy Kimmel apologizes, then they can talk about the business aspects and whether or not he gets whether or not he gets back on the schedule and so forth, but there’s got to there’s got to be a recognition that a terrible thing has happened here, and that millions of Americans are grievously hurt by what happened. You know, there is a — Charlie Kirk was beloved by many. And to just trample over it. He’s not even buried yet for goodness sake. And to make fun of the flags at half staff and so forth. I just half staff and so forth. I just think that we’ve got to look at it with a — with a notion that the country has to be healed, that we have to work to bring people together, that we need to respect each other. You know, we don’t have to agree, but we have to respect. And I think that, you know, the audience has deserted him for a good reason.”

Former Fox News host Geraldo Rivera: “By focusing on the censorship aspect and the First Amendment aspect, it’s losing sight of what should be the lead and that’s that Jimmy Kimmel owes the family of Charlie Kirk and his wife Erika, two small children, an apology. You know, you know, what’s he saying? That if you’re if you’re a member of MAGA and Charlie is a friend of MAG, of MAGA, then he had it coming. It’s just — it’s — it’s in some ways — it’s very — it’s — extremely — extremely insensitive. The country is in a country is in a very tough spot right now. Everyone is walking on eggshells. The First Amendment is not a license to incite hatred and, you know, I think that we can think that we can start the discussion once Jimmy Kimmel apologizes, then they can talk about the business aspects and whether or not he gets whether or not he gets back on the schedule and so forth, but there’s got to there’s got to be a recognition that a terrible thing has happened here, and that millions of Americans are grievously hurt by what happened. You know, there is a — Charlie Kirk was beloved by many. And to just trample over it. He’s not even buried yet for goodness sake. And to make fun of the flags at half staff and so forth. I just half staff and so forth. I just think that we’ve got to look at it with a — with a notion that the country has to be healed, that we have to work to bring people together, that we need to respect each other. You know, we don’t have to agree, but we have to respect. And I think that, you know, the audience has deserted him for a good reason.”

Curtis Houck

825,225 Aufrufe • vor 11 Monaten

U.S. Secretary of State Marco Rubio on Iran, Strait of Hormuz: "They’re going to be open one way or the other. So they need to be open, what’s happening there is unlawful, it’s illegal, it’s unsustainable for the world, it’s unacceptable. I don’t know of any country in the world that does. The Russians are not in favor of a tolling system, the Chinese are not in favor of a tolling system. I mean, there’s no country in the world that’s in favor of a tolling system, except for the regime in Iran. So that’s not acceptable, that cannot happen. The straits need to be open, unimpeded, without tools. And obviously that needs to happen immediately as soon as anything is agreed to. Well, look, I think our position is well stated. The president had a very important, I think, historic call just a couple days ago with a number of leaders from the region. I think there’s strong alignment and agreement on what a preliminary draft should look like. I think like anything with something like this, it’s going to take a couple days to settle on, even down to the disagreements over a word sentence. So we’ll have to work through that. If there’s going to be a deal, we’re going to have to work through that. But this is, you know, it’s either going to be a good deal or there isn’t going to be one."

U.S. Secretary of State Marco Rubio on Iran, Strait of Hormuz: "They’re going to be open one way or the other. So they need to be open, what’s happening there is unlawful, it’s illegal, it’s unsustainable for the world, it’s unacceptable. I don’t know of any country in the world that does. The Russians are not in favor of a tolling system, the Chinese are not in favor of a tolling system. I mean, there’s no country in the world that’s in favor of a tolling system, except for the regime in Iran. So that’s not acceptable, that cannot happen. The straits need to be open, unimpeded, without tools. And obviously that needs to happen immediately as soon as anything is agreed to. Well, look, I think our position is well stated. The president had a very important, I think, historic call just a couple days ago with a number of leaders from the region. I think there’s strong alignment and agreement on what a preliminary draft should look like. I think like anything with something like this, it’s going to take a couple days to settle on, even down to the disagreements over a word sentence. So we’ll have to work through that. If there’s going to be a deal, we’re going to have to work through that. But this is, you know, it’s either going to be a good deal or there isn’t going to be one."

Open Source Intel

258,345 Aufrufe • vor 2 Monaten