violet. If the bit. init the Reds !!! fear � p So So Ladies and gentlemen, please welcome the node Tesla. Good morning. I love watching that video because that's what all of you Are actually doing. This is not just a promotion video. It's something one of you is definitely doing. And together it's just a phenomenal type of good stuff and Exciting stuff you're doing. We had some great sessions Tomorrow yesterday, talked about a lot of ai stuff. I want to paint for you an optimistic picture. I'm not a mess about what tomorrow could be. These are the plausible tomorrow's all of you are creating. This is actually happening and we can talk about it if we have time. There's only two questions. First, I'm very down on experts. They extrapolate the past. Predict what can't be done. To me, there's only two questions. Who will do it? And it's one of you, I hope, or a new entrepreneur Out there. And will they let it happen? The experts always tell us fusion can't be done. Public trains that can't be done. AI doctors and therapists can't Be done. So I think they discourage radical Change and frankly prevent too much progress. Let me point to this retrospectively. I started innovation in 1980 and I worked only on innovation. I had this argument. Email for grandma. I got laughed out of a dinner because I had my Email address in the 80s on my business card. My MBA friends, business school friends, just thought that was So nerdy. Every major telco in the United States Tchpip would never happen. And they can't imagine Google.
紫罗兰。如果一点。初始化红色!!! 害怕 � p 所以,所以女士们,先生们,请欢迎 Tesla 节点。早上好。我喜欢看那个视频,因为那是你们所有人都在做的事情。这不仅仅是一个宣传视频,这是你们中的某一个人绝对在做的事情。一起做这些令人惊叹的事情真是太棒了。
昨天我们有一些很棒的讨论,谈论了很多关于人工智能的内容。我想给大家描绘一个乐观的图景。关于明天可能会是什么样的,我并不悲观。这是你们所有人正在创造的可能的明天。这确实在发生,如果有时间我们可以讨论。只有两个问题。首先,我对专家们并不怎么看好。他们总是根据过去做预测,告诉我们什么事情是做不到的。对我来说,只有两个问题。谁会去做这件事?希望是你们中的某一个,也可能是外面的新创业者。他们会让它发生吗?专家们总是告诉我们,核聚变是不可能的,公共交通是不可能的,人工智能医生和治疗师也是不可能的。所以我认为他们阻止了激进的变革,实际上也阻碍了太多的进步。
让我回顾一下。我在1980年开始接触创新,并且只工作于创新领域。我当时有这样的论点:“给奶奶发电子邮件”。因为我在80年代的名片上写了我的电子邮件地址,结果在一顿晚餐中被人嘲笑。我的MBA朋友、商学院的朋友们都认为这太宅了。在美国的每一家主要电信公司都觉得这永远不会发生,他们无法想象Google的出现。
In the year 2000, pervasive mobile was laughed on. In 2005. My point is, and I won't go through all of them, And iPhone was unimaginable. Completely changed the user interface For how we use computers. I can keep going on. Experts always tell you what won't happen. But law change is almost always driven by entrepreneurs. And that's what excites me. That's why entrepreneurs excite me. Was this done by Airbus or Boeing, Lockheed? No. Space was really changed by entrepreneurs. So was cars, Electric cars, retailing, housing, transportation. You get the idea. I couldn't add enough things. And people tell me the auto industry will cause change, not Tesla or Raymo. Even the media companies didn't change media. In fact, companies that didn't know they were doing media Changed media. So entrepreneurs with a passion for a vision invent the future they want. In the 40 years I've been doing innovation. I can't think of one example of a law change driven by a large company or an institution or a policy. Every single large innovation, and you saw some of them, were driven by innovation. So for the earliest I could think of as a bank America, put credit cards on plastic in the early 70s. In my lifetime, 40 years of innovation, I haven't seen one. So what is possible? What is this future all of you are creating?
And I was glad to see yesterday both in any room, Sam and Bill Gates, They had come around to being as optimistic as me about the future we can create. Almost all expertise on the planet will be free. Whether you're talking about structural engineers or oncologists. Every religion in India will have access to in oncologists. God forbid they get cancer. My own dream is every person on the planet has free tutors. Every child has a few tutors and every person on the planet has free primary care and mental health. I'm very excited about this. Labor will almost be free. People talk about jobs and jobs displacement and I worry about it. Working at the General Motors assembly line, eight hours a day, mounting a tire on a car for 30 or 40 years is not a job. For me, it's servitude. We have to free humanity from those kinds of jobs. And I do believe we will create enough abundance for sharing.
I'm a real techno optimist but a little different than some other people. I say you have to be a techno optimist with caring and empathy. With that, it's just a wonderful vision for the future. I think there will be a billion bipedal robots doing more labor than all the labor farm workers and assembly line workers and restaurant workers do today. And Bill and I started to get into will the remaining large problem be a purpose for human beings. Much to be debated, I won't have time today but I'm very optimistic about that. Computer use will grow expansively. Now we think computer use is expansive today. But today we have to learn how to use computers. And I think computers will learn humans instead of humans needing to learn computers. We will talk to them in natural language. And because of that, it will become like a utility in the background.
We don't think about electricity. My funniest anecdote is in the 1920s companies had a VP of electricity. Just like they have a CIO or VP of IT today. And I hope we get to that because a billion programmers will make so many applications possible. We will have much better use of this massive utility called computers. Five years ago, I said computers will create music, very personalized music for the mood you want for the state your brain is in today right now. And I got laughed at this was in Toronto. It's become obvious today. I actually think the amount of diversity in entertainment and the amount of creativity in entertainment will increase dramatically. People have this dystopian vision that will be so less music. That's the term I get used. I'm absolutely convinced whether it's AI alone, AI enhancing human artists or otherwise we will see a lot more creativity and diversity.
Internet access, we think of the Internet design for humans. It will mostly be by agents. Tens of billions of them running around. All 7 billion people on the planet will have access to multiple agents. In fact, yesterday, Saram, one of our large language model companies in India was talking about reducing the cost in India to 1 cent per minute of use of agents. At that point, in a voice-only nation or a voice-first nation, it becomes so accessible. I think we have a very, very different world. So my personal view, we will see much more inclusion, much more accessibility. I call it instead of disenfranchisement of people by technology, we will see enfranchisement of people, even though that's not a word, by technology because of the way we access computers, because of the way they learn our behaviors. Medicine will also change. Highly personalized. It bothers me. We all get recommended the same dose of aspirin. 30% of the humans on this planet can't metabolize aspirin. Everybody gets the same dose.
And it's okay for aspirin. But when you have a blood thinner like clavics, in no institution today, uses your pharmacogenomics to decide how much flavics of blood thinner you should get or monitor it, we will have personalized medicine. Each cancer will have a drug developed for one person's cancer so we can cure it, hopefully even avoid it. I'm very, very excited of what this form of personalized medicine will do for us. The level of medicine we have today, I call it the practice of medicine. Every decade, it's gone substantially better. And I can say today it's better than it was 10 years ago, which was better than it was 20 years ago. But we are limited by human learning. A physician who treats a patient in Boston at MGH does no amount of teaching to a physician in Phoenix, Arizona. The Institute of Medicine in the early 90s called for the learning health system, where every case informs every physician.
The only way that kind of medicine and very personalized medicine is possible is if we have AI doing that medicine. We will have new kinds of foods and fertilizer. If you haven't talked to Nitro City here, they literally produce fertilizer from thin air. It's a fertilizer production thing that feeds off solar power and has no inputs, just water in there. Why? Because nitrogen is produced at nitrates or nitrous oxide when lightning strikes in a thunderstorm. That nature is fertilizer. So all they did is put lightning in a bottle. In a remote part of Africa, unconnected to anything else, solar panels can produce nitrogen. I'm excited about that. And by the way, certified organic nitrogen is the only nitrogen you can feed organic plants produced by nature the way nature does it.
The largest one, the largest crops in the planet is alfalfa. We feed it to cattle all over the world, rich in protein. It's in fact any place you see outside and see green, which is chlorophyll, right behind it is most likely alfalfa or rubisco as a protein. The most abundant protein cultivated a knot on the planet. We don't use it other than to feed it to cattle. And some small single digit percentage of it makes it as meat on our table. We think we can take that protein out and feed it directly to humans. By the way, it's more nutritionally complete than whey protein. It's more digestible than whey protein. It's more soluble and more tastier than whey protein. I do think we can have new protein sources on the planet beyond corn and soy.
One of my favorites, I think you've seen the car outside. I do think in the next 20-25 years, we can replace more scars in more cities. If you do it the right way, if you do self-driving the dumb way, which is VAMO, we will congest our streets and make it accessible to only a few people. If you do self-driving in a closed transit system, you can't access the capacity of a street. In six foot bicycle inverts, you can put more transport capacity than a light rail system than a 72 foot foot. Think about it. The only thing fixed in our cities is street width because you can't knock down the buildings on both sides of the street. You have to increase throughput capacity and it solves both the throughput. Transportation congestion problems in our cities.
It also solves the housing problem because now in a 30-minute transit ride, you can go much further. Much more capacity travels much further, much faster. And this public transit system is like Uber. It shows up when you show up. If you get off your restaurant job at 1 AM, you get a personalized vehicle that shows up there. You're not taking a 100,000 pound steel car and having one person traveling at 1 AM and they have to wait till the schedule allows. It's on demand. It doesn't stop anywhere. It's your personal vehicle stops where you stop and you can have very frequent stops because it's not stopping to pick up and drop other people. I'm very excited about what we can do to our cities in general. I love this particular one.
Mach 5 transport 4000 miles an hour, 6000 kilometers an hour or so if you're European, it will make the world a closer place. It's a non-sustainable aviation fuel, I believe. My favorite source of sustainable aviation fuel is gasifying municipal waste and turning it into a aviation sustainable aviation fuel. Humans will not stop generating waste. But we can use it as aviation fuel. We're doing that today. Experts tell me this is impossible replacing every coal and natural gas plant in this country. They think you have to build fusion plants from scratch.
In fact, we can replace the boilers and maybe the turbines in coal plants. The example, when people tell me it can't be done, I give them the following analogy. Before the Second World War, the US built five liberty warships in the 10 years preceding. In the next five years, we built 5,000 liberty warships because we put our mind to it. There's a Liberty Warship Museum in San Francisco and the Macdarrow go visit it. It's a lot more complex than a fusion boiler.
Why can't we build 5,000 of them? Which we've already demonstrated in the 1940s to replace every carbon emitting power plant in this country. And then, of course, in the rest of the world. So I'm excited about what's possible. People tell me there's not enough resources, not enough lithium for batteries, not enough copper for us. In fact, I say we haven't started to look. In fact, we haven't started to develop the tools that let us look one kilometer under the earth's surface to see what's there. Or recover or recycle our lithium from batteries.
All that is not only possible, but it's starting to happen. So I'm excited about that. I'm in fact optimistic about almost every carbon emitter. The mistake we have made, the environment says shut down cement plants, shut down coal plants. Wrong answer because you make enemies who fight you. And they have a lot more money and power in Washington, D.C. And the right way to do it is to say, can we upgrade them? We just opened the cement plant in Northern California, not very far from here. The total output for the same limestone input for the cement factory, the total output of the cement factory. The total output of the cement goes up.
Why? Because the CO2, which is weight after the limestone goes in the air, destroys our air. We repurpose it into calcium carbonate back. So the plant capacity actually goes up. We avoid shipping cement from China into this plant. And the cost per ton of cement goes down. So if we can repurpose coal power plants, if we can upgrade cement plants to be low carbon and more output and lower cost, that's the way to solve this problem. We can do the same with steel. I won't go through every one of these, but I'm pretty excited about what can be done. It takes only a few entrepreneurs. It does take the right policy because policy can slow down or increase the pace of innovation. Unfortunately, more policy is under incumbent control.
And that's why we need to get incumbents on our side. We need to help them turn a poor power plant that Wall Street is saying, this is absolutely dangerous. This is an absolute asset. We will undervalue you and say this is now a 30-year asset. It's good for humanity. It's good for the incumbent. It's good for carbon. There are many reasons this won't happen. I won't go into it. But I think this abundant future is possible if more entrepreneurs take shots and go. We don't have to be certain these things succeed. We just need enough entrepreneurs with passion taking shots and goal and not giving up when the first setbacks happen.
So it is up to all of you to make this happen. And others like you outside, outside our portfolio. So let me stop there and tell you I'm very, very optimistic about what all of you are doing. When I see all of you at a meeting like this, I get very, very excited about the change you're causing, about the world we can create despite the naysayers, despite the experts who've been wrong every single time for the following reason. Experts think improbables are not important. I argue only the improbables are important. We just don't know which improbable. All of these plausible tomorrows are implausible. But I can't see one reason why any of them will not happen if we take enough shots and go. Thank you. I'll take a question or two.
I especially like the skeptics. Yes. I've had skeptics challenge me, invite them to challenge me, and I can almost always defend them. Only answer I get is, oh, but it'll take longer. Which is okay by me. That was going to be my question. I remember listening to you in 2006 or something, and you're talking about some of these things. And I think at the time it felt like it will take five or ten years. And clearly a lot of that didn't happen. But now it's like it's perfectly timed. So do you think you were optimistic or do you think now is something fundamentally different happening in the technical world?
Is there a difference happening in the tech landscape that suddenly it all seems much more possible? Well, first I would say skeptics never did them possible. And that's why I never want to be a skeptic. I don't want to be the person who says why things can't be done. If there isn't a reason it can't be done, like a physics reason, then we'll find another way. But otherwise I'm an optimist. Does it matter in saving the planet instead of taking five years, it took fifteen years to build a cement factory? No, it doesn't. Does it matter that it took five years instead of three years to build a fusion magnet? No, it doesn't. In the context of 25 years from now and saving humanity, these things are worth trying. I like to say, and many of you fit in this category, I don't mind a 90% probability of failure if there's a 10% chance of changing the world. And we do have more than a 10% chance of changing the world in all these. That's why you have to take a can-do app, I have to say, you should try and fail, not fail to try. Because, and that's not an original quote, it's Seneca. If you fail to try, you have failed before you started.
So let's try. Any other question? Thank you. So one, we absolutely will change the world, especially when it comes to decarbonization, and I think everyone knows that's where the market's going. But how bad do you think things will get in terms of climate disasters before we see an acceleration in investment and adoption and deployment? And I think one of my slides said we can't hold a fine carbonization solution if we have time. I started off on the environmental journey soon after the year 2000. Actually 2004, 2005, I delayed it by four or five years for a funny reason. In the year 2000, I decided I would either work on poverty or work on climate. And I decided first to attempt poverty. And I went to Bangladesh, spent time with Professor Yunus, and worked in microfinance. And I then decided we didn't have enough time for climate and started focusing on climate. That's a personal journey.
But I can't tell you we have enough time. But if we don't get started, whenever climate gets exponentially bad, and it is already proving to be much worse than we planned. The models were mostly optimistic, not pessimistic. So do we have enough time? I don't know. But I don't care because I can't do anything about the fact that it may happen sooner. All we can do is do the best we can to reduce it if it does happen. Last question I'm going to take. I think it's me. Maybe I'll take another question in the back there. I know we are sort of out of time. But yes, go ahead. Peter? Oh, yes, sorry. So I think we needed this presentation, particularly after Messina's presentation yesterday. I think we were super depressed. And I don't think Samir gave us a lot of optimism either with Messina. But I agree with everything you said. And so just a quick, you know, and maybe this is a little deeper question of a note, but you got to be optimistic. Forget the cynics, I agree. Forget being pessimistic, I agree. But at what point do you, does reality kick in and balance your optimism? So you have an idea, you have a company, but it's not materializing or it's not. Let me give you my view. I never feel stress. Why don't I feel stress? Because my approach to life is if I have a problem, I do the absolute best I can do. I even say to myself, good and to my children. It's very frustrating for them. Good isn't good enough. Great is barely acceptable. But after you've done, as my son, he's there, he heard this. He always heard this. When he got a 98th percentile on one of his sat-scores, he didn't tell me for two weeks. But after you've done the most you can, you can't do any more. So why stress about what you can't do anything about? Life will come at you, shit happens, you live with it, you be resilient through it. But do the most you can and then be happy, you've done the most you can.
So, last question in the back there. Thank you. I was curious if you could talk a little bit to why did you choose the vehicle of CoSLA ventures versus something like what Bill Gates did with maybe the CoSLA foundation? How have you thought about your strategy for impact and kind of realizing these futures? Well, it frustrates some LPs. I always say in us fundraising decks that mission is as important as ambition. Mission being IRR for them, mission being what the impact we can make. And I think we may be the only venture capital deck on the planet that actually talks about mission to our investors.
Why this vehicle? Because, you know, we have, and I don't even know the number, some large number of dollars under management far more than my personal network. And we need to give them a return so we can deploy the money for the purpose of having an impact. And frankly, a lot of fun for me. This is why at age 69, I say I have another 25 years health permitting to go do this and make the world a different place, the world we are trying to create.