Martin Shkreli.

Well, sure. I mean, this is the point. When we have better tools, we can do way more things, right? And when I hear people say, oh, maybe we're just going to have all these great tools and we won't do more things, we'll just do the same things with fewer people, it doesn't sound right to me. I mean, there'll be some of that, but I think most of it will be, we're just going to do a whole lot more things. We're going to solve a lot more problems. We're going to accelerate scientific discovery.

Seek to 51:30

One thing that I think that last question misses, and I think a lot of the AI doomerism stuff misses, is that competition exists. And so if you, I don't think there's any scenario where you just do more for less, and all of a sudden everyone has 70% operating margins. That's not going to happen. Someone else is going to come along and do more for less and lower the price. And so the thing that could happen is we could have a productivity boom from lower price goods and services and the basket of goods that humans are able to buy gets cheaper and cheaper and cheaper. And that's been true in many categories. Unfortunately, it's offset by what happens in healthcare and other regulated industry.

Seek to 1:28:24

And if you believe that all of this cap excess being invested in AI infrastructure, it's going to have a payoff, then the growth rates could be a lot higher. And that ultimately, I think, is the way to get out of the debt spiral is we need strong growth. Without that, we're not going to get out of this problem. So look, I think that if you believe in growth, then the situation is not quite as dire.

Seek to 37:59

But what I'm seeing on the ground, because I work with startups, and I work with young folks who are in them, their contemporaries are not finding jobs. And the companies that we see and the companies that are selling the technology solutions are getting rid of what I'll call the like entry-level white collar work.

Seek to 48:08

I still am a big believer in college recruiting because at the end of the day, this is going to change the curve by which anyone can pick up proficiency in a code base, let's just say. It takes sort of just regular CS hiring. What has changed is perhaps for someone who comes in new into a team, and to be able to ramp up thanks to all of the markdowns, the skills, the fact that I can go ask the agent. Let me think about it. It's like having an unbelievable mentor who is getting you on-boarded onto a code base faster. So in some sense, the productivity curve of a college hire is going to be much steeper than it ever before.

Seek to 29:49

The job will exist. The tasks will be different, right? In order to have a partner-driven model, you need to bring people up the ranks, right? In the same way as you do with software engineers. You need to have junior engineers so that one day you can have senior engineers who know what they're doing. But the way to get there is very different. The way of getting there today will not be, lock yourself in the physical data room, read through every single document, mark the errors, and go fax it. It's also no longer just look in the virtual data room and Control-F. It's orchestrating the agent that will be doing that work.

Seek to 39:45