🇺🇸 JD Vance & Elon Musk Unveil Trump Admin. AI-Powered America.gov Platform [LIVE]

Ladies and gentlemen, please take your seats. Our afternoon session will begin shortly.

Heat. Heat.

For 250 years, America has always done the impossible. The towering achievements of our past tell us what is possible in our future. From the quill to the microchip, from the cannon to the drone, from the wagon to the cyber cab. And still that great American spirit remains untamed. Rockets come home. Machines solve problems. Robots build. A new age of intelligence is here. We've flown farther from Earth than any humans in history. We're going back to the moon, to Mars, to the great unknown. New energy, new intelligence, new industries, new worlds. Things beyond imagination becoming real before our eyes. Because there is always another frontier, another great task before us, another impossible problem, another place mankind has never gone, another challenge we choose to accept and intend to win. This is what Americans have always done. From 1776 to 2026 into our next great chapter. This is America's golden age.

Hey, good afternoon everybody and welcome back to Building America's Golden Age. We hope you enjoyed your lunch and now we are so excited to present to you a wonderful afternoon of programming with cabinet officials and some very accomplished business leaders. We're going to hear from leaders across minerals and energy, small business, ag, AI, space, and we're going to talk about Trump accounts, about what's being built now and what comes next for the future. We're going to begin with the foundation of it all, the minerals and energy required to power American growth. Leading this first conversation is the Secretary of the Interior, Doug Burgum, joined by Robert Friedland of Ivanhoe Mines. Please give them a warm welcome.

Thank you, Caroline. Thank you, everybody, for being here this afternoon. Yes, we are entering the age of abundance. Under President Trump's leadership, we've got lower taxes, massively lower regulations under Lee Zeldin and the Trump EPA. We've got accelerated permitting. We've got the federal government participating and trying to solve the big issues we have around things like critical minerals, which we're going to talk about today. But we've also got the private sector. We have all of you. America unleashing the power of the private sector. And of course with that, we have the lowest energy prices in the world. Natural gas $3 here at home can power manufacturing, can power mining, can power electricity generation, which we need to win the super intelligence race. And of course we've got the capital flowing in, foreign direct investment coming to the US like never before. So we're set up. I'm incredibly bullish on the future of America. But we do have one big risk and I'm honored to be here with Robert Friedland. He is the, this is like having kind of like a Michael Jordan, the Michael Jordan of mining here because he's in the Hall of Fame in the Canadian Hall of Fame. He's in the American Mining Hall of Fame, the only individual in the world that's in both of those. And he is doing patriotic work right now to help build America's mining muscle. As President Trump famously talked about, drill, baby, drill. We've got to mine, baby, mine. We've got to refine, baby, refine. We've got to get back in those businesses because, and you may say, why do we need to do that? But if you've used your cell phone today, arrived here in an automobile, have a refrigerator at home, and have watched something through streaming or tapped into a data center today through some query that you've done, you've been touching the minerals and the important materials that we need that Robert and his organization are trying to deliver securely here in America. So with that, Robert, fantastic to be with you. And just from the state of play, you have built and worked your business in administrations that have had a full-on attack on trying to stop mining in America. Now, you're perhaps feeling a little bit of wind at your back. Tell us about how the last 20 months have been versus the earlier parts of your career.

Everything we touch, we either mined it or we grew it agriculturally, and even the farmers needed our fertilizer that we mine or the tractors that we built out of the metals. This is the first administration in my living memory, and I was born in 1950, that is beginning to understand that we lose our national sovereignty if we don't touch and recover from the crust of the earth the blessing that the Creator gave us to build these buildings in this city and this nation. So, it's an enormous honor to sit here with you, sir, and talk about the centrality and the importance of critical raw materials to our nation.

And you've talked about from our country one thing, we pepper our nation with an understanding that somehow we've got this insurmountable amount of debt, 38 trillion. We hear about it every time there's an election. But you've got a different perspective because of course just on public lands and interior we've got 500 million acres of surface, 700 million acres of subsurface, three billion of offshore. Tell us how you look at all of those public lands and assets.

The gift that the Creator gave this nation is incomprehensibly vast as long as we open up our mind-body process to use it and touch it as a gift from the Creator. The United States' indigenous geothermal heat is greater than any other nation in the world. The indigenous water and minerals sitting under the earth, and we've been importing this stuff and hurting our own economic interests for a couple of generations. But we're waking up from some kind of sleepwalking and realizing that the wealth we have under our soil dwarfs our paper national debt. I mean, it's just incredible what we have under our soil. We just need to go find it. And we need to mine it in a better way, mine it in a sustainable way, in a clean way, so that not only the American people, but the other 8 billion people on this planet have what we need to have a better life.

And I know with some of the technology that you've got coming that we can do it cleaner, better, safer, smarter here in the US. But before we jump into that, tell us a little bit about what is the threat if we don't develop those things because of course we're in a super intelligence arms race with China. China has strategically cornered the market on the top 20 critical minerals. They're controlling 85 to 100% of the processing of those minerals. You've understood this threat for a long time. The nation's waking up to that. Tell us a little bit about the threat and why we have to move quickly.

Now, in World War II, you know, we were fighting wars for things like crude oil. We used to fight wars over crude oil. But today, the supply chain that gives you your handphone or gives you drone warfare, telecommunications, are a series of very rare metals that nobody knows about. And without those, we would be like a nation with our hands tied behind our back. So there's an understanding now that we have the technology, the capability, and the power to go out and find these critical materials so that our national sovereignty is not held hostage to any other nation state. But we have to work hard to do that. And it's possible with everybody in this room. We need AI. But you know, the foundation of all these great scalable technologies like AI still depends on a few critical raw materials that come out of the crust of the earth. And we're going to develop them at scale.

And tell us a little bit more about that because I know this is a new step for the federal government has been getting involved in actively investing directly and trying to revive and help the mining and refining industries survive in our country in part because China aggressively doing dumping of minerals, crushing companies and crushing markets that were starting to emerge. You've had an opportunity to partner on some deals with the United States government showing its resolve to create stable, secure markets but there's a lot of new technology, maybe you want to talk a little bit about what you see coming.

At the moment we're in a disadvantaged position in the supply chain for a lot of critical metals but that will pass with a whole of government effort and involvement of our academic establishments and all of the creativity we have in the United States. If we pull together, a whole of government effort at the scale of our economy, we will solve this problem quickly. This is the most innovative and most diverse nation in the world. And we have the capability to find a clean, scalable way to find all the critical materials we need. You know, when Steve Jobs made the first handphone, there were about 18 elements in the periodic table in that phone. If you have an iPhone 17 or 18, there are 74 elements in the periodic table in that phone. So, we're going to find a way to find them and refine them and utilize them for the benefit of our national sovereignty. And that will strengthen our position to maintain a peaceful world. Otherwise, we're backed into a corner. So, it's a big job. And I'm so thankful that this administration is focusing on the centrality of this issue. Everything you touch, we mined it or we grew it agriculturally. And people have to realize where things come from. And this is a government that gets it and is helping us do that at scale.

One thing I know that you've been involved with because in your companies you're hiring and looking for people that are interested in the hard sciences of, you know, geology, mining, metallurgical degrees. The United States, the current estimate is that last year we graduated less than 300 graduates across the 17 remaining schools of mines. The estimate is that China graduated 12,000. As a side note, we did graduate 36,000 lawyers last year. So quite a multiple compared to those that are going into mining. You've been an active supporter. I know you were with us at a historic event last month where President Trump for the first time any president hosted that we can find hosted mining executives and the mining schools students from those 17 mining schools. You were there. The president announced over $200 million of support for mining. That has to be something that across your storied career that you had maybe thought you would never be at the White House seeing something like that, but how did that feel? And I know you've spoken recently at some of these schools. What's the future for a career in mining?

I just flew here. I gave a speech a couple days ago at the Colorado School of Mines at the Payne Institute. That's our most famous mining school, but we have a lot of other great mining schools in the United States. And we're going to make it super cool for a young person to understand where everything comes from. Because if you want all these scalable, massive viral technologies, they still rest on finding this stuff out of the crust of the earth in a cleaner way, in a more sustainable way, and doing it quickly and for the right materials. So, I think America is going to wake up to this. I think it was standing room only when I was at the Colorado School of Mines. It's a fantastic career because all the money went into broadband, internet, wireless, Netflix, all that sexy scalable technology and none of the money went into mining. And all of a sudden, we are realizing that we need these critical materials to build these data centers and to provide the energy we need to run AI, which we need to defend our nation and do all this great stuff that's been described under America.org. And it's fantastic that we have this opportunity. You know this building. Look at this building. Everything here was mined including the gold trim up there. America used to build things and California was known as the golden state. Arizona was known as the copper state. There was a gold rush that brought everybody out west. It's only now that real assets are coming back in style. Hard assets, low obsolescence to support our technological revolution.

And what do you think is going to take to keep this going? Accelerate it, get more investment, more capital, more interest, more students, more venture capital.

America's diversity and scientific establishment is unparalleled in the world. We're working with Sandia National Labs and a lot of our other national laboratories to change the way we use electrical energy to change the way we mine. We need to find, we used to crush rock like this for about 10,000 years. And now we're pulling the rock apart with tensile force with a lot less energy. And in order to do that, we have to invent a new type of semiconductor. And thank God for the CHIPS Act. The government's award is funding for this basic scientific research to change the way we've been mining since the days of Mohenjo-daro 10,000 years ago. America is going to reinvent how we find mines, how we actually mine them, and how we take those metals to support this technological revolution that enables you to have one website for the United States and cut through all the we've had to live through all of our life.

One of the many varied and wide ranging components of the Department of the Interior is the US Geologic Survey. They had, we're getting them back to their core mission which is mapping as we like to say within USGS, map, baby, map. You're working on some new technologies that literally are like giving an MRI to the earth and can see through the ground. Maybe share how you think you, because before you can mine it and find it, you have to find it. Tell us where you think the technology is going on finding.

This technology came out of strategic weaponry. It's a third way to use electrical energy. There's direct current and there's alternating current. There's a big debate between Nikola Tesla and George Westinghouse on one side and Thomas Alva Edison on the other side whether to use direct current or alternating current. But the third way to use electrical current is to compress it and release it in huge bursts of energy. And when we do that, we can inject that electrical energy into the earth. And if there's water down there, we can see it. If there's gold down there, we can see it. If there's copper down there, we can see it with a lot better resolution than we've been able to do before. And the neat thing is we don't have to drill holes. We don't have to go all over the country drilling holes all over the place. It's noninvasive. A lot like getting a CAT scan or an MRI. It's a lot better than cutting your chest open to see what's going on in your heart. So, America needs to be resurveyed with state-of-the-art technology because the Creator has given this country wealth beyond your wildest imagination. And so, the United States Geological Survey needs a little electric shock in their bum. And we can survey this country non-invasively. And the wealth that's here is beyond your wildest imagination. It's not just the golden Fort Knox. It's everything we need is sitting under the surface. America somehow is the most blessed nation in the history of this planet. And we just have to reconceive this because this is not about Democrats and Republicans, but at least this administration has woken up to the fact that if we don't have these materials, these lights are going out. And so I want to assure all the young people here that technology exists, the governmental will exists, and there's really nothing stopping us but our own imagination. And as you will see later on today, we have people here today that really have no limit to their imagination. So I'm happy to sit underneath them and hold them up for critical materials we need to do all of this.

Robert, on the, I think part of the attack that's gone on for decades against mining was a concern about environmental practices. Your career has taken you literally to the deepest, darkest parts of Africa. It's taken you to every continent. I'm sure just give us a sense for the audience today that may be less familiar about why you might feel that America does it cleaner, better, safer, smarter than anywhere else in the world. I mean, again, because you know these places that you've been, I'm sure that some have no child labor laws, they've got no EPA, they've got no environmental issue, and they have nothing that we have a structure here. And now we've got the technology to do this in new ways where we can do both things. We can build great things and we can protect the environment at the same time. That we're in an age of abundance. We can do two things well at once.

The first thing is we brought women into the mining industry thereby doubling the labor force and bringing the strength of women and the software around mining because the community development, the relation with the local people where you're mining. They're saying that that gold or that copper or that metal belonged to my grandfather. Why are you digging it up and taking it somewhere far away? So by bringing women and young people into mining, we bring all of the strengths of our technological revolution to this dumbest and most difficult of enterprises. So when every viral technology you've heard of, AI, electronics, space age technology could be brought to this basic industry and to completely change the way we've done it for the better. And America will definitely lead the world in doing that from this moment forward.

You know, the US under President Trump's been very active. We've been involved in, I think, 183 deals totaling over 41 billion dollars of direct or indirect investment to support mining activity to try to stop this activity by China where they're, you know, creating markets that didn't function with the dumping. What's been your reaction, the reaction of the market to the US's direct involvement?

The mining industry is elated at no longer being beaten with the ugly stick and with the incipient understanding that all of these amazing technologies we depend on including our national security depend on a stable source of a suite of critical raw materials. My son was with you, Senator, as Secretary Burgum in Venezuela when you saw Delcy Rodriguez, for example. There's a lot of countries. I worked in Venezuela in the old days for 12 years before Hugo Chavez had a revolution. But America is trying to look at countries and seeing what they have. Each country has something we need and an intelligent application of our State Department which is now coming. The lands we have in the United States, the public lands, the disruptive technologies that America possesses out of Silicon Valley. You put all this together, we're going to restore the national sovereignty of this country and we don't really want anybody else to be in a position to blackmail our country on critical raw materials. We used to fight wars over crude oil. Right now, we're in a little bit of a disadvantaged position on certain critical elements, but no one can match the diversity, the optimism in the scientific establishment of the United States. And young people are going to come forward and make an incredible difference in this fundamental industry.

Really, it's going to happen. And speaking of young people, I think you're, we've got a lot of tech leaders in the room. You mentioned Apple, you mentioned Steve Jobs. I think you're the only person that might have known Steve Jobs and known him fairly well before he started Apple. And is there even an origin story where the name of the company may or may not have come from an interaction the two of you had?

Yeah, I knew Steve since he was about 14 and I knew him for about 50 years. He was my oldest and best friend. I never talk about him if I can avoid it in public because such an interesting and complex story. But we did have an apple orchard and sort of a hippie commune in Oregon and Steve did run that apple orchard and that had something to do with the name although he got in a fight with the Beatles because they also had that brand. Yeah, it's true.

Well, in quite a circle to come around now and have that young individual that you may have helped influence and mentor and now you're working to provide the minerals which as you note are needed in every one of the products that that great American company is selling. In closing thoughts, Robert, tell us a little bit about your optimism about this age of abundance and where you think the whole, the mining, metallurgical, refining, the processing, how America can lead, how we can get ourselves out of this strategic challenge that we're facing with China. What advice would you have for everybody listening today?

First of all, we got a price signal coming. The price of copper is the highest in nominal terms it's ever been. And the banks are saying it's going even higher. So a high price commodity brings a lot of people in the industry to mine this stuff and so the market sets value on certain critical materials. That's very helpful and we're seeing a tremendous amount of accretion from all these different new disruptive technologies finally coming to mining. So we benefit from all of these amazing technologies like deep AI and we in fact have an AI company to help us look deep under the crust of the earth. It's called Earth Dynamics. And we're building a copper mine in the state of Arizona, a super green one on private land with state-of-the-art technology. We have a company called Ivanhoe Electric doing that. You know, there's 1400 defense companies in the state of Arizona that need that copper metal. When we mine it in Arizona, it'll never even leave that state. And that's the copper mining state, Arizona. You know that 10% of the copper that humanity ever mined came out of the state of Arizona. So please remember that your country is the most richly endowed country in the world in natural resources and all we have to do is have the presence of mind to liberate those metals in a more knowledgeable, sustainable and really healthy way. And we're going to do it well.

We will and we'll do it because we've got innovators, entrepreneurs, and business leaders like yourself. Let's give it up for Robert Friedland and all the contributions he's made. Wonderful. Thank you, sir.

Question.

Okay. Thank you, Mr. Secretary, and thank you, Robert. Meeting the demands of a growing economy means building the energy, infrastructure, and industrial capacity to power it. Please watch.

Is the world's energy superpower. This is a time for big dreams and bold action. We will drill, baby, drill.

President Trump's agenda is unleashing American energy to make it affordable, reliable, and secure.

Affordable. More American energy. More supply. Putting downward pressure on costs for families and businesses. Reliable power you can count on day and night in every season when it's needed most. Secure. Producing more energy here at home. Reducing reliance on foreign suppliers. Because energy security is national security. Scientific discovery and innovation. America's entrepreneurial spirit has led us to become the world's largest producer of oil and natural gas over the last 250 years. Our nation's scientific community and DOE's national laboratories will help strengthen US leadership over the next 250 years. American resources, American workers, American science, American energy, the next 250 years.

Well, that is amazing. And there's nobody better to lead this next conversation than our great secretary of the energy department, Chris Wright. Nobody knows and cares more about energy than Chris, if you've ever talked to him about it. And he'll be joined here on stage by James Krellenstein of Alva Energy and Maynard Holt of Veriten. So, please give them a warm welcome. Thank you.

Good afternoon everyone. Thanks for being here. Hello America. Energy is life. The absence of energy is poverty, despair, and ultimately death. Energy, as you heard, is economic security. It's national security. It really underpins everything we do. President Trump had a clear vision on energy, and it should be obvious, but it hasn't been. His vision on energy was more energy is better than less energy. Lower cost energy is better than expensive energy. This sounds like common sense, but actually in the last 17, 18 years, that's a radical idea. Starting in 2009, US energy policy really twisted towards deciding what energy was good and what energy was bad. And unfortunately, the decisions there were pretty awkward. We decided to attack the main energy sources in the United States and around the world and promote new emerging sources that might have some runway and might not. 10 trillion dollars later and 3% of global energy, it wasn't a great bet. President Trump saw it isn't about the flavor or the color or the fashion. It's about the American people. And he declared right away an American energy emergency and said if we're going to get our economy going again, if we want to reindustrialize our country, we want to create new jobs, we need more energy. We want to increase the quality of life for the average Americans, we got to drive down prices. And if we want to help our friends and allies abroad, a number of whom have made very bad energy decisions and have their energy security dependent upon hostile powers. Well, then we want to be not just energy independence, which was the rallying cry from my youth, but he said we should be energy dominant. In Europe, they ask me, 'What does that mean, dominant? Are we submissive?' And I say, 'That's not what it means. Energy dominant means we're going to produce so much energy in the United States that we're going to drive down the price for American consumers. We're going to attract businesses to American shores and have an abundant amount of energy left to export to our friends and allies abroad.' That's energy dominance. That's the President Trump energy agenda. So, I got to ask my two distinguished colleagues here on the stage. So, I'll start with Maynard. Maynard, to get energy production so abundant in our country that it brings all those benefits, what does it take? What do we need to do?

You know, knowing this was going to be our topic, there's so many obvious things to a lot of people, right? Like you have to have laws and permitting and just the process of building has to be understandable and as risk-free as possible. Everybody, every investor understands you're taking risk when you invest, but taking risk around unknown variables like third parties getting in the way, that's a really hard thing to do. So, I think that's a, and you could just sum that up by saying permitting and everything that comes with it. But I think there's a bigger picture here and you've done such a great job with this Chris in your career which is the thing that creates regulatory risk is a lack of voter understanding because the only reason why politicians and others propose policies that ultimately don't make sense is they sense it would be popular. And so I think making sure that the American public really understands what you just said, which is more energy is better than less energy. Cheaper energy is better than more expensive energy. You obviously have to have reliable energy. And then the last piece of it, and we see it every day, the states and countries that have good energy policies with predictable, reliable, low-cost energy, they're winning all the business. We see it every day. Because if you're locating a factory and you get out the map and you say, 'Well, I could go to Europe, could go to Canada, I could go to Australia, I could, okay within the US, I could go to California, I could go to Texas.' You start looking at these things and you start thinking about locating that factory. You choose the place with the best energy policy. And so best energy policy wins. And I think people understand this is a competition globally. And if you don't have your energy policy right, there's no way you're going to win.

James, what do you think about that? California, you know, certainly has heard this message.

Yes, they've driven their electricity prices up to the highest of any state in the country. They have businesses leaving the state in droves. They have the highest adjusted poverty rate in the nation. And what's Gavin Newsom's response is double down. Does that make sense? How do we get more energy? I mean, I think right now we have to realize that because of the policies of this administration and just the general economic boom that we're seeing, return of manufacturing, return of super intelligence, it's not just that we are looking to have better energy policy. We need energy policy that can fuel this boom. And I think people need to realize that we are seeing power demand in electricity and in other energy sectors just grow at a rate that we haven't seen in generations. And that's a really good thing as you just noted because that is fueling the industries of tomorrow. We are seeing an order of magnitude increase in electric power growth over the next few years compared to where we were just a couple years ago. And so if you think about a state like California which is making a decision to shut down its only nuclear power plant, Diablo Canyon, even though Gavin Newsom was originally the proponent of shutting down Diablo, we're seeing Diablo now be online for five more years. And let's be honest, it's going to be online for a lot longer. So what our company is really working on doing is taking power plants like Diablo Canyon, not just keeping them online, but adding hundreds of megawatts more of electricity generation at those reactors in 3 to 5 years at 1/5 or 1/7 of the cost of what new nuclear generation usually costs. So we really are seeing a moment where politicians even like Gavin Newsom are having to face reality and basically change their energy policies. Maybe not as fast as other governors are, but the people are speaking with their feet right now in terms of where they're going and where they're setting up their businesses.

They are indeed. And it's one thing I show California actually produces less electricity today than it did 10 years ago and 5 years ago. All of our expensive electricity states produce less electricity, declining production.

And I think that nuclear in particular has been such a polarizing, historically such a politicized source of energy. We're starting to see that really reverse. And I think the president's executive order and the reforms that we're seeing at the Nuclear Regulatory Commission and even the work that's being done at the Department of Energy is really allowing us to really get these new forms of energy unseen since the 1950s is really allowing us to really get these new forms of energy out to the public and start driving rates down while actually increasing supply. And I think that is what's going to be powering the future of the American economy. So supply and demand works even with energy supply and demand.

It is amazing. So, Maynard, we talk a lot about electricity. It's awesome and it plays a key role. But as you and I both know, electricity only delivers a fraction of the energy system. If we want to grow fertilizer production in the United States, we announced a giant steel production in the United States. We want to grow cement and petrochemical production in the United States. We need more than just electricity, right? Do we need pipelines? What other energy infrastructure do we need to reshore industry to America?

I think, you know, all the above is a great expression and it pulls people together and it makes sense but within all the above I think we sometimes lose your ability to say actually in this situation I want this flavor right because there are certain energy forms and these are engineering and financial questions there are certain ways to do it which make more sense if you have a steel plant or make more sense if you're doing some of this stuff that we're talking about now you need the reliability for various reasons so I think the country has done a good job all of us in the last handful of years of pulling back from the brink reminding ourselves of some key ideas getting back to all of the above but I think we need to keep pushing and start saying hey let's stop picking on coal for instance. There are reasons why you want coal. We have plentiful. We can do it. You know, people don't realize a coal plant built today is wildly cleaner than it would have been 20, 25 years ago. So, we've got, I think we just need to take it the next step to your point, which is we need obviously base load power that can fuel these industrial processes and that means let's focus on nuclear, coal, oil and gas, etc. I just make one comment that I find very interesting. The nuclear community when we're around them, James should comment. The nuclear community, you know, everybody has their own personal politics, but the nuclear community that we run into, they're stunned at what the administration is doing in nuclear like it is all-in. It is full tilt. It is real. It is a base level of understanding. So it just really sticks out when you could talk to any nuclear person I feel like of any type and they're just thrilled with what is happening in nuclear.

Nuclear was our next topic and both of you guys have already gone there ahead of time that maybe shows a little enthusiasm for nuclear. We had a very cold last week in January in the eastern United States. This winter storm, similar to Uri that killed over 200 people in Texas 5 years beforehand, it was a cold, high-pressure system that came in and sat. We barely avoided blackouts in Florida. We barely avoided blackouts in the Mid-Atlantic states. We barely avoided blackouts in New England. And at that peak demand time in New England, they got 2% of their electricity from wind, solar, and batteries combined. The high pressure mass sits there, it's the winter time, solar is irrelevant, and you get a high pressure system, it's sitting there, wind becomes irrelevant. So what we saw during that cold week was that America's electricity grid runs on gas, nuclear, and coal. Those are the backbones. Those are what keep the lights on. Those are what saved hundreds of lives. And so yeah, to me it's, I'm not an all above guy. I'm an affordable, reliable, secure guy. And anything that can deliver that, I'm for that. And it's even crazier if you think about in during that exact time New York and New England was burning about a quarter of the electric power that was being generated is actually from fuel oil because we had just not built enough natural gas pipelines to keep the gas pressure up to run the power plants. The power plants literally had to transition over to fuel oil in order to keep the lights on to your exact point and I think that's why nuclear is having such a moment right now is people are finally recognizing the value of base load or what we call firm power. The ability to have that power rain or shine 24/7 to keep the lights running. And when you're thinking about national security, severe weather, if you're running a data center or if you're running a factory, you can't stop because there's clouds in the sky or the wind is not blowing. We need a firm abundant energy ecosystem that can actually power the industries of tomorrow. And I think we are seeing across the political spectrum, for the first time maybe in decades, we're seeing the recognition of nuclear as being a key component of that energy portfolio that can keep the lights on no matter what the weather is outside.

Very much agree with that, James. I've been a nuclear guy as a kid. And I love, you know, gas and I mean, we wouldn't have had the lights on without gas or oil or coal. Let's just be frank. I didn't mean to besmirch any of my fellow fossil fuels.

No, no, no. But I'm saying I share with you the enthusiasm we have. It's bipartisan. It's even more among the young than the old. The popularity of nuclear power has never been greater in my memory. And so I'm thrilled about that. At the administration, it's the Trump administration, so we tend to be aggressive. You know, president signed in May of 2024, so just last year said we're going to get three of these next generation small modular reactors on power by our 250th anniversary by July 4th. 14 months out into the future, which meant reform in how DOE uses our authorizing authorities, reform in the NRC. We had to reform government to go as fast as industry and these new small modular reactor companies delivered, not just three, but four by July 4th. So very excited about the future of nuclear. And I want to hear a little bit more. I'll start with you, James, on where this future's going. Some of it's far out there, some of it's medium out there, some of it's shorter term. But tell us the speed at which nuclear is going to arrive and grow in America.

So I think what we're focusing on in my company right now in Alva is really upgrading America's nuclear power fleet. So America still has the largest nuclear power fleet in the world. We still generate more nuclear megawatt hours than any country including China. And what we're saying is we need power in the next year to 3 years right now because power load is growing so much because we're seeing economic booms in various sectors that need firm 24/7 electricity. So what we're really working on is how do we get gigawatts of power? We can probably add 10 gigawatts of new generation onto our existing power plants in 3 to 5 years. And that's what we're working on right now with six power plants right now. We're a series A company. We have a hell of a lot more in the pipeline. We are actually raising more money just to be able to actually run and actually do those projects. I was literally in a nuclear power plant yesterday morning. I flew here for this event actually working on getting 300 megawatts of reactor more power in 3 years. And that's just a massive quantity of power. So I think coupled with the new generation of the generation 4 advanced reactors that actually came online, you know, or went critical at least on July 4th, we really have a future that has seen gigawatts of nuclear in the short term and many, many more gigawatts in the medium and long term. That's going to ensure that America remains dominant in nuclear energy as it has since Enrico Fermi went critical in a squash court in the University of Chicago in 1942 and that will be for the next 250 years as well.

I spoke with the Italian energy minister this morning and I opened and the first subject they want to talk about was nuclear. I opened with Enrico Fermi.

Yeah.

So James, I want you to elaborate a tiny bit more for the audience because you gave out some big numbers, hundreds of megawatts, gigawatts that you can come quickly clearly in a faster time scale than we're going to build a new big nuclear power plant. So we have existing nuclear power plants. They generate heat. They use that heat and turn it into electricity. How are you going to quickly step in there and find us gigawatts of new power?

So what we have to remember is that almost every nuclear power plant but for two in the United States were designed in the 1960s and 1970s. And I say this from personal experience. My father was, when he graduated nuclear engineering school he worked on the third youngest nuclear power plant in the United States. It was already under construction in 1978. So that means that just inside these plants there's a lot of what we call margin that's left over. That was actually a byproduct in many cases of computational inefficiencies in the 1960s and 1970s. With modern computer technology and modern sort of research and development that has been done by the Department of Energy as well as private industry, we can really actually increase the reactor power, the core power density with some slight modifications that are much faster than new nuclear power plant construction. The idea is not to say we never have to build another nuclear power plant or another nuclear reactor in the United States. That could be nothing further from the truth. What we're trying to get back in the United States is the muscle and the execution ability so we can get the megawatts out of the existing fleet and actually use that as the foundation to build the next generation of nuclear power plants while continuously delivering gigawatts of new power to the American ratepayer and to American industry on existing assets.

Simply beautiful. We have the largest nuclear power fleet in the world. Let's start there. Let's start from our existing source of dominance. Use that not only as the foundation for a super intelligence dominance for steel and other reshoring of industry but really actually make sure that we maintain American nuclear energy dominance for the next century.

Mayor, you've been a lifelong nuclear fan as well. If the administration were restarting three large nuclear power plants that never should have been closed, this is part of that energy subtraction and distortion of our energy markets with these crazy subsidies over the last 16 years. So the first one will be in Michigan, I believe, later this year. Pennsylvania and Iowa, new nuclear plants coming on. What's the future for nuclear?

I think it's super exciting and the way we're doing it here, you'll forgive the analogy, Chris. It sort of reminds me slightly of the shale revolution, right? Because the shale revolution, which Chris was a big part of, it had private capital. It was people going in a lot of directions. They were trying all kinds of ideas. Not all of it worked. But on the back end of it, you created really a miracle for the country that changed its competitive advantage around the globe. You know, we now regularly to even be able to talk about energy dominance is stunning. If you grew up in the 70s when we were the farthest thing from it. So one thing I noticed about nuclear is we're doing it our way. We're doing it in a capitalist free enterprise way, which is exciting. I think the second thing that is really interesting about it is if you think about the competition of nations, you know, particularly the US and China. Imagine if the Chinese had micronuclear and fusion and some of these things years before us. Just imagine that scenario.

I don't want to.

Well, and that's why I think it's great, you know, when the government leans in and says, 'Okay, we'll buy some of those units. We will be the first customer.' Because that's always the problem is, you know, who's going to be the first customer? Let's get this thing going. So I think the government participation like that is really exciting. You know, capital has come into nuclear, it's a stunning change. You know, 6 years ago in the summer of 2020 we were closing Indian Point in New York which was crazy. Why were we doing that? The fact that California is even kind of having a debate about Diablo Canyon is made up. I mean it's 10% of their power. They cannot turn that thing off. So, we still have some ways to go in certain places, but I would be very bullish on it. And I would also lastly be very bullish on the one-two punch that the United States has between natural gas and nuclear. If that's our lineup, if our veteran quarterback is natural gas and that first round draft pick is nuclear, those two quarterbacks can carry us for a long, long time. And we've got to be investing in nuclear, you know, so that it's ready. And I think we're doing that which is really exciting.

You know, my company is named Alvix after Thomas Edison's middle name. And I think what we forget sometimes in this country is that when electricity first was invented here in the United States, it was Thomas Edison and George Westinghouse and other American private sector businesses that electrified the country. And we although we talk about the load growth and the amount of consumption, you know, for the first half of the century and even up to 1973, we were doubling electric power generation in the United States every 8 years. And that was utilities, that was companies like General Electric and Westinghouse that were just scaled and built on private capital and private innovation to continuously deliver more energy to the United States. And I think what's really exciting in nuclear and in the entire energy industry right now is that we're seeing that sort of capitalistic spirit and innovation come back where is basically seeing the power demand there. We see people willing to pay premium for reliable power and that is causing a massive amount of capital and a massive amount of innovation to basically ensure that America remains the dominant energy superpower in the 21st century.

Absolutely. Capitalism and freedom, right? That's what drives innovation. That's what drives growth. It worked. You mentioned the Shale Revolution. 20 years ago, we were the largest importer of oil in the world. We were the largest importer of natural gas in the world. Today, we're by far and away the largest net exporter of natural gas. By far the largest exporter and by far the largest producer of oil. That's private technology. That's private capital and innovation. Well, we need that spirit and that speed that happened in oil and gas. Now, we need it in the electricity sector. You said it was there in the time of Thomas Edison. It was there a little while ago.

We've been stagnant for 30 years. We want to reshore manufacturing. We have super intelligence that I am incredibly excited about the innovations and changes. We got to get our act together in electricity, right? The Trump administration goal is America leads in super intelligence and we don't let energy get in the way. Can we achieve that?

I think absolutely. I think it will require a little bit of a cultural shift in the electric power industry which has not been to your exact point from 2010 to 2020 we saw almost no electric power growth and now all of a sudden if you just look at the number of chips that are in the mail right now going to the data centers it's at 10 times the amount of power per year just to power those chips than we added to the grid between 2010 and 2019. So we really are in this moment where we have to change the culture. But we are seeing even legacy US utilities, even nuclear operating utilities, some of the most conservative institutions in the world, small C conservative institutions in the country start thinking in totally different ways about how do we get more power out of the existing units? How do we add more units on a faster time scale? And how do we get some of the most innovative technology companies to partner with companies like ours to electric utilities to actually build that power and do it in a way that protects the American ratepayer as well which I think is a major priority of this administration of our company as well.

If I was going to add anything Chris, I was struck not too long ago I went to the Hoover Dam and you know the Hoover Dam is just this colossal undertaking in so many ways. It's an engineering marvel. But when you peel it back and ask what was the mentality that got the country to say we're doing this and you know I'm not an expert in it, but fundamental to it was this sense that if you want people to have better lives, if you want to reduce poverty, if you want to raise standards of living, you have got to have cheap power. And that was such a universally understood connection that they could do something of that. Can you imagine permitting the Hoover Dam today? You know, so I think it goes back to what I'm really struck by because I love asking people in California.

They know they have high gas prices. No, I'm sorry, but you fielded the question.

They know they have high gas prices. They know they have high power prices. It's like, do you understand why? That's the key. And the why. And so I think the more the country understands the why, which is, you know, it's people blocking projects, it's politicians approving projects that don't make sense, it's tinkering politically and socially with something which is fundamentally an engineering and financial problem. Once they understand they don't have to live that way, it's not pre-ordained. And I think also once they understand some of these things don't help the climate which is often the excuse for why we're doing some of this stuff. There's a lot of work to be done. I really, you've been a champion of this stuff like nobody else for so long. But I just keep coming back to we will get this done the more the public understands the link between energy and their standard of living.

So you mentioned the Hoover Dam, a classic example of Americans building big things, believing in an optimistic future and growing. Real quick, I got to take us down. One of the first things I did in this job was go out to the lower Snake River in Washington State. Four awesome dams there that the previous administration had agreed to take down and to fund the environmental groups $100 million over the next decade to sue and make sure all four of those dams came down. That's tearing down big things in America. We've stopped that. But now I've taken us down. Bring us back up. Let's end with what are the new things maybe around the corner that we're not thinking about that are going to be new technologies or new ways of doing business that are going to bring us more energy to enable growth and by bringing us more energy push prices down for Americans. What should we be excited about?

So I think one of the things that has been an interesting political moment right now is that the rise of power demand from super intelligence has been often derided by the press and by politicians as driving up prices. But we have a real opportunity right now to use this to do the exact opposite. And that's because we can build big things. Again, one of the great things is when we have 18 gigawatts of chips a year coming in and they're producing a massive amount of revenue for these companies, these companies recognize that they're willing to pay a premium for that power for themselves because if they don't have that power, that's just sand that they just spent billions of dollars buying. And that means that we can actually take that investment and not just power that data center but also actually build the power plant that powers grandma and grandpa's house as well at a much much lower cost because one thing that energy has proven over the century is bigger is cheaper. You know, the Hoover Dam is a lot cheaper per kilowatt than a much smaller little hydro dam on a smaller river. And what we're really seeing is that growth and that amount of capital and innovation is going to fuel a next generation of energy technology and energy projects that will power this country for the next hundred years at a much cheaper price than we're used to for energy projects today. And I think that's the thing I'm most excited about is that we're seeing capital coupled with innovation coupled with an incredibly supportive political environment that allows us to get those prices down while getting energy much more plentiful.

Energy addition.

Energy addition. Energy abundance.

Energy abundance, new jobs, new businesses, new factories drives wages up and energy abundance drives cost down. Wages...

The unit per kilowatt goes down. We know this time history and every country shows as you consume more energy and you actually allow technologies that are affordable and economical to prosper. That makes prices go down not up per unit price.

I was going to say, your question, you know, cause for optimism. We spent a lot of time backstage. We spent a lot of time on the natural gas just macro like how much do we have? How competitive is it? What looked like the cost and I think the fundamental observation is like we are blessed with an amazing amount of natural gas. This is a real source of great strength for the United States and Canada. So hopefully the Canada US energy partnership comes back into line. But I would say first of all just super optimistic about what natural gas can do. On the technology front I call it America's energy superpower. It's unreal. We have an unlimited amount of 50 cent per gallon diesel in pipelines around this country. It's so great. The other one I'd say, you know, last year we spent a lot of time around fuel cells which we had not necessarily done before but fuel cells and a lot of innovation happening right here in the US around that. You know, fuel cells can take that natural gas can produce electricity they have reduced emissions the technology is getting better the costs are coming down the reliability is going up so I would say fuel cells are very interesting. I would even throw we spent some time this summer around fusion and it does look like that AI and a lot of other developments are helping that technology. I mean, that's, you know, who knows? But I'd say there's some reasons to be optimistic. And then I'd say the last one that's on the screen technology-wise is automation, robotics, and physical AI.

Because almost every company in the country right now says, 'Where am I going to get all this skilled labor? How do I do all these things?' And they're turning to the combination of AI plus a device or something that helps them automate. And I noticed the Silicon Valley firms are very focused. They've really got their, they got the American flag blowing in terms of like flying in terms of like, hey, we want to help. We recognize this is an opportunity. And so that's probably the last thing I'd say is the tech energy partnership. Wow. It gets better every day. You can see it in the agenda of this conference. And that's going to make America wow. Really.

I mean, I just wanted to add for one quick second. You know, super intelligence and AI. It's not just about signing up for Medicare, right? I think one of the amazing things that we're seeing in our own company is that we're seeing things that used to take literally years happen in months now in terms of computational work and physical simulation. It's an extraordinary moment that will power...

And I'd be optimistic because we got the best secretary of energy ever. Thank you, Robert. Thanks. I got to thank two great patriotic Americans who've dedicated their lives to energy. Energy is the infrastructure of our lives. Thank you, Mayor Holt. Thank you, James. Appreciate you guys both. Thank you.

Okay. Thank you, Mr. Secretary, and thank you to our panel. As you just heard, energy clearly powers the country, but our people, the American people, build it. The skilled trades, America's small businesses, the new jobs of the AI age, and the pathways to a good career are at the heart of America's talent renaissance. For that conversation, I am so excited to introduce two incredible women who are just trailblazers in the business industry. Our amazing talented women and great friends, I may add. Our administrator of the US Small Business Administration, Kelly Loeffler, and Dina Powell of Meta, please.

Thank you. Thanks, Caroline. Well, hello America. How is everyone today? All right. This is a good-looking group here. Very exciting. I'm honored to be with you, Dina, the great Dina Powell, to talk about the golden age of small business, and that means entrepreneurship. And I know we have a lot of entrepreneurs out in the audience. But I particularly want to call out one entrepreneur which is really symbolic of this moment. Joe Gebbia, congratulations. I mean, this is one of... Yeah, it's such a great example of this is someone who started out as a small businessman who had a vision and this is what happens when you bring the best of the private sector to Washington. This is the power of what's possible and it's playing out right now. And of course, it could only happen in the Trump administration. So, I couldn't be more proud to call Joe a colleague and more honored to be here with you, Dina. I would say one of the things that President Trump always reminds me is, Kelly, small business is really big business. When you add it all up, it's huge. And it's absolutely true. I mean, we know that small businesses, they're characterized by grit and ingenuity and innovation, but they're also our nation's number one source of job creation. So they're a powerful economic engine and Dina, you've spent years in the private sector as have I and then few years in government too. So what have you seen in your tenure across all of those sectors? How has technology become a powerful force behind small business?

Well, thank you. First of all, it's an honor to be with you. I was just saying to the administrator, she has done more in a short period of time than any previous administrator. More small businesses have been started under her watch. More loans have gone out the door. I mean, it is really impressive. And we at Meta, we have 3.6 billion people every day use one of our platforms. 200 million small business owners. And just in the last 6 months, more people on the platform have started businesses than in the 20 years before. So that I know that a large part of that is your leadership and commitment.

I can take no credit. I will tell you this administration is squarely focused on Main Street. And you're exactly right. We have record all-time business formation in America. Over half a million new business starts every single month this year for the first time in history. And I would say that's why we also have record all-time employment. So it goes hand in hand.

We really are seeing that too. And when you talk about technology, I mean someone that understood this early on is Joe Gebbia. I mean, just think about Airbnb and the concept of it and frankly how to make it secure, how to make it reach millions and millions of people around the world. But he did start off as a small business and he always had, I remember along the way, I've known Joe many years, he kind of had that entrepreneurial spirit, but also the like care of a small business owner to care about every single client, every single customer, every single review. And that's I think what we see in the small business owners that we work with. We're particularly excited to be here today with the administrator because today Meta is launching Meta Amuse for small business and it is building on this really successful product called Muse which is the number one app that everyone is downloading right now number one in the app store. Michael Grimes our banker was the first to download it of course. But we really are excited for Meta. Muse for small business is a very different AI model. Instead of just asking it questions, Muse is working for you. It's working for you constantly. So the small business owners that are using Muse are literally not worried about the back office stuff as much as they had been and taking that time to build and grow their business for the future. I'll give you some examples of what small business owners are doing on Muse every single morning. Muse looks at your inventory and your cash flow and it actually sends small businesses an email or a post that says, 'Do you need to reorder these three products? I can order them for you if you give me permission and I'll let your customers know they're back in stock.' Just remarkable things every single day. I see Governor Landry and Sharon Landry here from the great state of Louisiana. Some of our best examples have been Louisiana small businesses and particularly actually in Richland Parish. They actually participated in the testing of Muse and we're seeing farmers use it so that they can actually get hour-by-hour weather alerts so that they can think about how to manage their crops. So we love saying Muse is hustling and working for you all day long while you're pursuing your passion.

Well, that's incredibly powerful and I'm glad you brought up agriculture because this is, you know, we've always had technology in agriculture from precision agriculture when you're in the dirt in the field, but farmers aren't just in the field plowing the earth as they harvest right now in real time, but then they've got to go do the books and deal with all the inventory of diesel, of seed, of fertilizer, of seed corn, and then marketing the grain. I mean it's going to be incredibly powerful for every type of sector. What are some of the fastest growing areas that you see on your platform?

Sure. You know, it's funny that you mentioned farming because I think a lot of us kind of think about, you know, is farming growing and are they using technology at all? One of the small businesses that has been part of this working group is a Bethany Beach farm. It's I think literally I think their family started in 1870. They grow peaches and pears and in fact their marketing is take a peach to the beach and they're one of the most successful businesses in the area. And Henry Bugget who runs it was telling me that what he's using the technology for now is just so different because he has to actually figure out what are the best seeds to your point. What are the best commodity prices because he's buying a lot of different things. And so again, Muse every morning goes out and basically prices every single thing that he needs to invest in the farm and it brings him the cheapest places to buy it.

Wow. That's powerful. I grew up on what is now a five generation family farm. So I know all the inputs and data points that go into it is going to be very powerful. But let's talk about another sector that is really benefiting from super intelligence just real quick. And I want to get back to Muse in a second because first of all, well I'll just start there and say I've started several small businesses. I bought and sold them one and lost them. But I will tell you had there been an agentic option and you think about harmonizing the assets that are available you put your Slack and all the different software applications Salesforce and everything. It just would have been a force multiplier. I can't even or even having a tool like Canva instead of PowerPoint at that time. I mean, it's so powerful.

Well, we're so excited because we just launched Muse for small business and we already have so many product partners, Canva, Quicken, Shopify, and so we're bringing all of that in one product together. And so the small business owners that are using Muse for small business kind of have one-stop shopping to fully integrate the full technology stack. Mark Zuckerberg, our CEO, used it even just this week with a lot of things. Really funny thing that he used it for is he bakes with his three-year-old daughter. And so he put into where what's the best bakery of this area? Found that small business and then actually put in what are three things I can bake with a three-year-old and can you buy everything for me? I mean, it's just been so interesting to see the use cases both of Muse and Muse for small business. He's not a very good baker, but his wife says...

But I think the three-year-old was great. So that's...

She's probably better than him yet.

Well, another promising sector that I see super intelligence applied in is manufacturing. And so Dina, you and I were talking about how AI adoption is kind of barbelled. So you've got the kind of explorers out here and then you've got those that are getting started with it and then you know kind of the continuum in the middle manufacturing. So, at the SBA, we've been very focused on reshoring our supply chain in America. In fact, Pete Hegseth, Secretary Hegseth and I just signed the Small War Plants Commission agreement to make sure that we are getting capital and contracting and everything out to that small supplier in the supply chain. Now, these are the incremental buyers right now of super intelligence. And they've told me that they need to increase their tech stack, like double or triple their compute power because the equipment, the CNC machining, the robotic welding, the laser cutting, it's already integrating super intelligence into the machine. So, it's really exciting. And guess what? Those that are using it are adding employees. They're not subtracting. They're actually growing much faster than their peers who don't use it. True. So I think that's where the convergence of the physical and the digital is really exciting and promising. And I think that's why we see something like 58,000 new manufacturing jobs this year, 100,000 new construction jobs.

The numbers are amazing. You know, we have been obviously doing a lot of research on American small businesses and right now only 20% of American small businesses are using AI. But according to RAMP, the 20% that do use even limited amounts of AI increase their customer base, their market share, and dramatically increase their revenue. And so part of our hope from Muse for small business is to get the 80% that aren't using AI to understand what a tool it is. And what it gives you back is the most precious asset which is many hours every day. And that is something that we're sort of trying to get that message out. But it's interesting that you mentioned how many job openings you see and a lot of these small business owners like contractors in Louisiana that we work with who are actually building the data centers have open jobs and a big part of why those jobs are open is because of the need for training. The numbers on AI are just staggering. In the next three years, the estimates are that 10 trillion dollars of capital will be needed, 250 gigawatts of power, and almost two million manufacturing jobs. And by that, I mean welders, fiber technicians, construction workers, pipe fitters. And so, one program that we're extremely proud of and we're working with the SBA on is called America's Workforce Academy.

Yeah, it's something that we launched organically because we literally could not find enough fiber technicians to service our Meta data center projects. And so we partnered with a group of great community colleges with Shan McGarvey and NAB 2 with CBRE and what we did was we built a five-week fast-track program where you are certified for safety and you are designated job site ready and then you join the site and you can apprentice the rest of the talent that you need to learn. What we realized is that even though there's literally 2 million jobs that are going to be open, the very people that need those jobs are working paycheck to paycheck. They are Uber drivers. They are waitresses. I waitressed my way through college, so I know what that means. You did, too.

And so they can't take off time. They can't pay for the training, which is actually expensive. And they can't do it if they're not guaranteed a job. And so we guarantee a job at the beginning. If you go through the program, you have a guaranteed job at one of our infrastructure sites and then we pay for the training and get you onboarded. And we've had 40,000 Americans apply for these jobs and already have graduated a few hundred with an 80% retention rate. So we see the manufacturing boom, but we want to make sure that everybody benefits, that people aren't being left behind as we see these advances. And it's why Mark Zuckerberg actually launched a big program called the Future is for Everyone because I know there's a lot of fears around AI. But if people feel that they're not going to be left behind, we'll make great strides.

Yeah. And I think that's an excellent point about the convergence of, you know, technology bringing every trade along. And by the way, skilled trades are an exceptional source of small business creation. You think about the welding businesses, the HVAC, the plumbers. I mean, these are career paths to small business ownership which are the main street millionaires that you see across the country that are building these amazing franchises that don't require a 4-year degree, which has now become a six-year degree, and six figures in debt. These are amazing pathways. I think there's also a convergence between America's Workforce Academy, and the Richland Parish experience that you had. Certainly, teachers got incredible bonuses. It's attracting great teachers to the region but the small businesses there are also growing. So that's been a force multiplier not just for the electrician and the welder but the caterer or the small community around it and that type of economic development. I mean we should call it what it is. It is economic development and that is a superpower of super intelligence.

But it really requires leaders and Governor Landry worked with us for a very long time when we selected Richland Parish as a place that we're building our largest data center site. It is a 5 gigawatt data center site. And he said, 'I'm thrilled that you want to come and invest in this community, but we're going to have some rules. We're going to have a compact. You're going to pay for your own electricity and with energy you're going to drive down electricity costs for the citizens.' The tax surplus just because of our investment actually turned out that every teacher in Richland Parish got a $50,000 bonus this year.

That's amazing.

And the superintendent. I was with Sharon and the governor and we met the superintendent Sheldon Jones and he said, you know, we're a small town of 20,000. Honestly, people were leaving to find work. I couldn't recruit teachers here. And today my phone is ringing off the hook. Every teacher in Louisiana is calling me to see if they can get a job in Richland Parish. So it's going to become the best school district in the state. But the governor also said the economic development cannot just go to the big companies, it's got to go to the small businesses. And so he insisted that we contract with small businesses there in Richland Parish to not only build the actual site, but to feed our workers to work on every single aspect. And so many of the small businesses there have doubled their revenue. You saw that in the caterer who used to be catering 40 meals a week gets now 400 meals every single week.

Yeah. And I think that's the power of what President Trump has done in terms of attracting investment in America. I mean made in America fundamentally means that we will be the dominant player in super intelligence like we will set the table on this and it's not just from the software side the intelligence piece but it's the infrastructure that supports and maintains it better than any other country in the world. And goes far beyond that. So, I mentioned I've been touring manufacturers for the last year and a half. We're going to see whole industries reshored to America that we lost over the last 50 years. Think about the horrible trade policy that President Trump has reversed with fair trade. And you think about we told 5 million working men and women that you're no longer needed. Your job's going to China or Vietnam or Canada or Mexico. That was completely wrong and unfair. President Trump stood up and said, 'We're going to have fair trade that puts America first and that means we're going to win in every category.' We lost the bicycle industry in the 70s and employed like 300,000 workers. Today, we're reshoring it with, you know, a fraction of that, but you don't need that many workers. And if there were that many available, I'm sure they would hire more. But my point is we're going to be able to do things again that we did that helped us win wars, invent pharmaceuticals, to build a more exceptional nation than has ever been built. And it's all going to be underpinned by intelligence.

Well, it's interesting because the president actually loves now calling it super intelligence. And I think he's right because I think what super intelligence really means is that each person with this technology has the ability to reach their potential. It's unmatched access to health care, to education, to disease prevention, to wellness, because literally you can have a super intelligent partner helping you, you know, reach your potential. And I've also actually talked to the president about America's Workforce Academy. Because in his first administration, he really focused on skilled trades. Ivanka Trump, as you know, led a CEO group that really looked at how the US government can do a better job and tell our children, you don't have to go to a four-year college. You can actually get a job, a high-paying job. In Pittsburgh, a welder makes $125,000 a year. That is a great job. But what he liked about the name is that just like the administrator was saying, you know, in World War II, Americans came together to physically build the arsenal that defeated tyranny in the world. And today, those same American heroes are again on the front lines in manufacturing building the infrastructure and compute that's needed so that American ideals and values win in the AI race and around the world. And I think that's what's so inspiring about President Trump's agenda is that he believes in the American worker and American industry like no one in modern history and he's unleashing it. Dina, as we wind down here, your message to small businesses as they jump in and explore Muse or any tools that you might offer and they're concerned about the time invested and how to really measure progress toward a goal they may have.

Well, download Muse for small business. That's the first message. And find just creative ways to use it. It really is in many cases like your own chief operating officer, someone to help you run the back office so you can look forward to the future to build. And frankly, you know, it's also a great employee management tool. And so seeing where your employees are, communicating with them, managing your schedule, all of this saves hours and hours for each small business owner so that they can really pursue their passion and grow their business.

Yeah. And I think that's absolutely critical is every tool is another tool in the toolkit. There's no one magic formula, but when you add super intelligence, when you look at what President Trump has done to cut taxes on small businesses, you think about that 20% pass through being made permanent. 100% expensing in year one of capital purchases. I mean, that right there is just a force multiplier for growth. Every factory I walk through, the owner shows me, I'm going to knock out that wall and I'm going to add this equipment and I have these 15 jobs open. And that's something that we haven't seen in years. And I think all of it coming together at this moment truly makes it the next 250 years, the sky's the limit. So, it is truly the golden age for small business.

It is. It really is under your leadership and the president's and hopefully those of us who are in the private sector are doing all we can to focus on what we think is the heart and soul of America, the small business men and women.

Yeah, we cannot do it without the private sector. We do it for the private sector. We understand that we work for you. So, all right. This has been wonderful. Thank you so much. Congratulations.

Thanks, administrator.

Okay. Hello everybody. Welcome back. We have a few great panels coming up. And who here likes food? Who likes to eat? Okay, you come on guys. Who likes good food made from American farmers? Because that's what we're going to talk about next because American farmers feed the country and the world. And today they are adapting, building, and competing with new technology and new ideas. So leading this next conversation is our amazing Secretary of Agriculture, Brooke Rollins, joined by Sham Sancar of Palunteer and David Friedberg, the CEO of Ohalo. Please welcome them.

Well, thank you so much. What an honor to be here. It was really cool, Sham and David, to sit right there to hear the president speak this morning and just what an incredible day, a historic day. Really just so great. And Caroline Leavitt, who is just my whole heart, really great to have her out here, too. And as we keep working to put America first. And we're going to talk a little bit today about agriculture and technology. Obviously on the Hello America effort, what that means and certainly Palunteer has been a remarkable partner. David and I have been talking for a long time. I brag a lot about David because there are a lot of other industries you could be in that you've done very well as one of the most brilliant minds in America, but you've chosen agriculture. So we're going to talk about that as well. But again, just a joy to be here with everybody. And with that, we'll get started. I think that where I'd like to start the conversation. When we think about our founding of this country 250 years ago, we think about what America looked like. You know, George Washington was a farmer. Thomas Jefferson was a farmer. I mean, we are a country that was founded by farmers, but back then about 98% of the population were in production agriculture. And through the years we've seen that continue to decrease, continue to decrease. And today we're right around 2% of Americans are directly involved. And certainly David, you see it every day because you are with your work interacting directly with farmers. You in many ways I'd say you are a farmer obviously with Palunteer what you all are doing to help us at USDA be better for our farmers. We'll talk a little bit about that. But how do you both see, and I know we've got some good time, so don't feel rushed in this question because I think it may be the most important question for this audience, for this moment today. How do you see technology and the intersection with agriculture and the importance of farm security and farmers to freedom and the next 250 years in America? And David, if you don't mind, I'll start with you.

So yeah, I mean obviously we need to feed ourselves. If we're dependent on import of anything, there's risk and so we've maintained a net export for a long time and that's starting to slip. And so technology has always played a role in agriculture. You know, productivity, I'll just give a statistic in corn was at 70 bushels an acre in 1926. So in the last 100 years, we've grown corn production from 70 to 185 bushels per acre. There have been a series of technologies that have enabled that plant breeding, farm equipment, machinery. Then we started to understand the genome and started to be able to make directed changes in the genome to drive specific outcomes in the plant. We developed new technologies for crop protection, for protecting the plants from insects and weeds and all these other sorts of things. And then you know my company started doing digital agriculture called the Climate Corporation starting in 2006 and that became a real big difference because in 2008 is actually the year that a lot of farmers started to come online. Most farmers skipped the desktop computer internet revolution. The reason they came online in '08 is because Burger King started to give out cell phones as the 3G network made its way out into rural districts. So, as that happened, farmers got phones that connected to the internet and they started to use the internet more. And that was really a big change, a sea change in what was possible with farmers because they're kind of a mix of a consumer and an enterprise. They're like a prosumer, if you will. They run a business, but they have a lot of consumer-like behavior and tendency. And so connecting them to the internet gave them the ability to have a digital view of their operation, to understand what's going on on the farm. And then what we started to do was to integrate, this was in 2007, 2008, 2009, all of this data about their farm that wasn't apparent to them. Landsat and MODIS satellite imagery, NEXRAD level two radar imagery. We started to interpolate local soil conditions for them, show them their farms on a map and give them all of this insight that they otherwise didn't have. It was fairly kind of a radical thing at the time when we did this in '08. But it was incredible to see that farmers could now make very digital or data first decisions, whereas historically it was kind of like a little bit more intuition and instinct and what happened in the past, well, I'm fearful about this and I'm excited about that. And so turning the farmer into kind of a data consumer and giving their enterprise the tooling to do that was an incredible revolution. Today that software and then we were acquired and that sort of digital tooling is nearly ubiquitous in farming today. It sits on an iPad in the tractor in the combine. Farmers have apps on their phone and they now have laptops at home that they're using or iPads and they're tracking and managing their operation that way. So digital technology has created an incredible sea change in agricultural productivity in industrialized markets particularly in the United States. The government hasn't quite caught up yet. And so that's a big part of I think what is going on right now. But the farmer themselves I think amazingly became digital native before the government did in agriculture.

No, it's right and I want to talk a little bit about that once we hear from you Sham but we have done so much great work together and I'll let you answer the initial question and then I want to talk a little bit about everything that you and your company are doing for our farmers through our one farmer one file but please go ahead.

Yeah. Well, you know, backing up, zooming out, really, American greatness is built on American agriculture. It was the American worker who built the 20th century. That American worker was fed by American agriculture. And as we aspire...

for the American worker to build and define the 21st century, American agriculture is going to show up again and do that. And we have to make sure that not only is USDA showing up, but the whole nation is showing up to support our producers. That happens through our technology industry and the innovations that we've had. You mentioned how we had 98% of people 250 years ago working as producers. Well, we now make substantially more food with substantially less land with substantially fewer people working on it. That's amazing productivity, but we should also make sure we don't take that for granted. That you know that food doesn't grow itself. It doesn't show up on its own. And the support that we provide I think is absolutely crucial as we think about the importance of agriculture to defining even our technology future.

Well, I think you're so right and it's so great to hear both of you who are incredibly successful in what you do, but to recognize and talk about the centrality and the foundational piece of American greatness and American freedom that is based upon our ability to feed ourselves and fuel ourselves. And certainly we are in challenging times right now in the farm economy. We've lost tens of thousands of farmers over the last number of decades. We've seen consolidation in a significant way that has not been helpful for either the Make America Healthy Again movement or for opening up the market for first and second generation farmers which you just don't hear about any longer. But we're also at a moment in time where we realize that if we don't reverse this trend and if we don't take difficult steps, challenging steps, but steps that need to be taken to support our farmers and ranchers and to incentivize a new generation, then perhaps in 250 years, we won't have the America that we're celebrating today. And David, I know you've talked a little bit about the technology, what you just even your company and some of the projects you've been involved with. What a game changer that will make in terms of farmer profitability, some of the equipment, techniques and technology that we're seeing is incredible. We'll I want to hear a little bit from you on that and then we're like I say, we're going to get in a little more data modernization with Sean, but let's talk a little bit about what you're involved with because that's just really incredible.

So yeah, I mean our work is the main state of it is agricultural biotechnology. You know around the 90s DNA sequencing costs began to decline and we started to understand the plant genome just like we did in human health and animal health. And by looking at the genome we can start to identify what genes or what alleles, what versions of these genes would drive what trait in a plant. And you realize pretty quickly you can put a jigsaw puzzle of traits together to get the plant to grow faster and bigger and healthier. And that drives yield that drives revenue and that becomes basically the software of the farm. The genome of the seed is the software that runs the farm. And we developed this amazing toolkit in 2012 called CRISPR. This new tool that arrived and CRISPR gave us the ability to go in and make very precise changes. These changes are not like GMO technology where we take a foreign gene from another species and put it in the plant to make a new protein that the plant otherwise wouldn't make. CRISPR allows us to actually take a trait and convert it from one version to another that you would otherwise find in nature. And then you can start to construct a better product and suddenly we could actually write software rather than just allow it to haphazardly be realized through breeding. And that's unleashed this incredible set of competencies that we now have to do very novel things in agriculture. So, one of the things we work on is making seed in crops that don't have seed. Potato, you know, farmers are making it's the third largest source of calories on Earth. Farmers make 6,000 bucks an acre topline. And they spend $2,000 an acre to chop up leftover potatoes, store them, put fungicide on them, fumigate, move them into the field, put them in the ground, and then they use about 5,000 lbs per acre of chopped up potatoes. And we can replace that with 10 grams of seed they can hold in their hand.

That $2,000 cost goes away and their profit triples. They go from 700 to 2,100 bucks an acre in profit. That's an example of productivity. That's an American innovation. And that's one of our innovations. And there's others that we're working on. And there are other American agriculture technology companies where digital tooling software is the way that you do a lot of the work. But the way it's realized is actually as a biological product in the field that the farmer then uses and then that biological product replicates and the software runs and it does this amazing thing, grows a giant freaking plant and we get all these calories out of the ground and the farmer actually monetizes that. We are seeing right now leaps and bounds advances in agriculture because of these technologies that's independent of the digital technology of automation of biologics which are these new products replacing old crop protection chemistry and it's all driven by software, you know AI or I guess the new term is super intelligence right where we can design new molecules we can identify the genome we can score it and the whole thing gets kind of realized as a product for the farmer. What I think is really important to note though America had John Deere, we had DeKalb, the corn seed company, we developed glyphosate which was this the first billion dollar molecule in agriculture incredible product despite all the hate about glyphosate you can kind of understand the benefit to farmers we developed these technologies not another country America did. In addition to driving our ag economy which feeds us but is a big part of our national economy. We need to export that technology and continue to maintain our leadership as a technology provider to the rest of the world. The number one job in the world is to be a farmer. 53% of the population in Africa and South Asia are farmers. They are looking for products. They are looking for technology. We need to be the provider of that technology. So I believe our responsibility is not just in providing American farmers the tools that they need but providing technology leadership to the world like we're talking about doing in AI and semiconductors and all these other technology biotech medicine therapeutics and we are in a battle right now with China over this topic. There's a whole bunch of stuff. They bought 200 seed companies. They're tackling the southern hemisphere very aggressively. And if you think about the national security interest, China goes to Nigeria. They sell to the Nigerian farmer what they call magic seeds. The farmers love it because their revenue goes up and they can now feed themselves locally. And then China gets a mineral deal. They get a mining deal. They get a land rights deal. And that's the sort of deal that's going on right now in the southern hemisphere with China's seed technology that they're bringing to the rest of the world. That's an American playbook. Norman Borlaug in the 1960s did plant breeding and developed seed that we brought around the world particularly to countries like India because we realized in the 50s that if we didn't these countries would destabilize if the countries can't feed themselves if the farmers can't make enough food the government's at risk of becoming communist. And to stop the spread of communism, we brought better seed technology to India and all these other markets. And we stopped India from flipping communism. And India actually supported us in going into Vietnam. And we had a radical reinvention of global government interest in democracy because of our agriculture technology that we exported in the 60s and 70s. And we're now kind of seeing the race flip the other way where China is becoming a very competitive exporter. So I view this to be not just an important role for American economy, but also for national security and our leadership and our ability to actually stabilize some of these countries, access mining deals, access mineral deals, and keep China at bay because otherwise we're going to lose access to the southern hemisphere.

Well, I think that's really really well said and one of the big priorities of this USDA versus I think prior USDAs, not to throw anyone under the bus necessarily, but we have been working really hard to tell that story that we're rebuilding the military. Check. We are securing the southern border. Check. We are reshoring manufacturing and pharmaceuticals. Check. All at Trump's speed. Something that has been an unprecedented success in the last year and a half. But what perhaps we have not put as much focus on until this second Trump term is in the middle of all of that if we don't secure our food supply and to your point if we don't reverse this trend of consolidation and purchasing of American agriculture inputs like seeds but also American production companies like processing and pork etc by not just foreign countries but foreign adversaries then the rest of that for the long term may not even matter because again if you can't feed yourself then we lose freedom long-term full stop and that's how very very important this is so the way you have framed that David I feel is so crucial for people to understand that this isn't it is about saving America and putting America first but it's also about stopping the spread of communism around the world and that really is what this gets down to so one of the main things Sean that we really or I really focused on from day one was realigning the US Department of Agriculture around our number one constituent which was the farmer and the rancher. That everything we did every day, the tens of thousands of employees at USDA, are we putting our farmers and ranchers first? And that meant on day one cancelling 900 DEI trainings. It meant cancelling crazy research grants that were studying food justice in San Francisco for queer and transgender farmers. I mean, this is a thing. And so, I think in the last year and a half plus a couple of months, we have been able to take giant steps in that direction. And one of the things I'm most proud of that a lot of people don't really follow for good reason, unless you're a farmer, is one farmer, one file. And the idea that previous to this USDA, we had 500 different contractors across thousands of different platforms just in USDA. I know y'all saw this morning the 25,000 or whatever government websites. I think 80% of those are USDA websites, everybody. And for most of you, that may not matter. But for our farmers that are trying to navigate those websites every single day, this is a really, really, really big deal. And as I was preparing for this role, I got the call from the president on November 23rd, a Saturday in November, right after the election. Went through the whole confirmation process, was sworn in on February the 13th, walked in the door immediately within a couple of minutes of getting sworn in, beginning to undo a lot of this really bad policy. And I was told and briefed on how bad our platforms and our contracting and everything was. But until I got into the office and the incredible Sam Barry, who's our CIO, who was here in the audience today, who's been my partner in this alongside some of our great farmers, I don't think I really understood. And so what you and your team have come in is this once in a generation opportunity, I believe, with this once in a lifetime president and cabinet that's willing to make hard decisions and willing to fire 500 contractors and just rebuild everything. Talk a little bit about what that has looked like from your perspective and your company's perspective.

Well, a huge credit to you. You know, we've done a lot of work with USDA over many years, mostly focused on APHIS and these problems. It's been a frog boil. You know, you introduce a new program, that program has a new system. You repeat that cycle over a couple of decades and pretty soon you have 500 barnacles across the institution. And you had really the clarity of vision to saying this is nuts. You know, our constituent is the farmer. How do we have a beautiful, elegant experience to the farmer that matches what they'd expect out of a modern government that's moving at Trump's speed? And so one farmer file has been an amazing initiative to sunset almost 500 different systems to create what almost sounds like common sense, which is a consistent interface for the farmer to actually interact with the breadth of the entire department, all the programs they're part of, how they provide information to the department, how the department provides information back to them. You know, saving them time from having to commute to county field clerk offices, having sometimes to go back multiple times because they filled out the paperwork for this program but not that program. Streamlining the process so that you only ask for information once, you know, if they've already provided to the department, why do I have to keep providing it again? And so I think it's been a tremendous modernization for the farmers. We actually as we started rolling this out, we went to the farmers. We were out there in the field with the users seeing how delightful it was, iterating with them in real time. And I think as profound has also been a sea change inside the department where the USDA employees are now interacting with modern software, modern systems that are easier to use. They're not as clunky. They're more excited about their jobs. They're more productive in serving their core constituents. And I think it's really winning the battle of belief that change is possible. That actually I can come up with good ideas and that can manifest in changes in how we do business that change the actual outcomes we are delivering to our farmers.

No, that's so well said. And actually, I'm gonna take a moment. I think they're I have some farmers who are in visiting today. They're over here in the front row. This is sort of one of my focus groups. They are fourth and fifth generation row croppers, corn, cattle, cotton, sorghum, seed, wheat, grain, soybean, rye, alfalfa, fifth generation, seventh generation, fifth gen, fifth gen, fifth generation, Lance, first generation from Iowa, Illinois, and Texas. And they just happen to be in today because to your point, what we By the way, will you all stand up and please give them a round of applause? This is who we're working for. We get on a Zoom about once a week or once every other week and they're literally zooming me from their combines. And they're in harvest right now. They took a day out of their harvest time to come in and be with us. But my point is this that for me especially and it sounds like for you and your team at Palantir and David probably for you too. I've met some of your farmers. You work with some of your potato farmers when I was out in California. I think what this administration represents is going outside the Washington DC bubble and outside the status quo and outside the lobbyists and outside people that are just looking to your point those 500 contractors are looking to continue the work. It isn't are we doing a good job, it's how we keep that contract going for another year on taxpayer dollars. But what this group of men and women represent to me is such a larger effort and what we've been working on together has been data modernization in our NASS reporting and our WASDE which are lots of acronyms but basically through the years USDA produces these reports that basically talk about you know the corn yield what the different numbers are and they're market movers. So if that report is not accurate, then they stand to lose thousands, tens of thousands, millions of dollars and potentially their own farm. And over the years that reporting because based on 1980s and 1990 formulas instead of using satellites or using AI had just was using the old way and so these guys have been helping me and our team, Dr. Hutchins and Kip Tom and others to build with Sam Barry a new way and a new approach in just that particular lane and silo which is slightly different than what you're working on but altogether you think about how this decades old technology has compromised our farmers ability to compete and when we talk about the national security implications what that means and bringing this work directly to them in their fields in the Midwest across the country has been one of the greatest honors of my life, but to see it and experience it firsthand and to understand the difference that we're making is just such a great incredible opportunity. And so, anything David, you maybe would want to add?

Well, I'll tell a story to comment on your point there, Brooke. 2009 when I was building the Climate Corporation, we needed training data. What was the farmer's yield and how what was the weather and all this sort of stuff? So we started making all these FOIA requests to the federal government. No one had ever requested all this stuff. So it was crazy to actually make FOIA requests to get data out of the federal government. I remember in 08-09 I started getting invited to the OSTP, the Office of Science, Technology, Policy at the White House to talk about why are we getting all this data? You know, it was the first big use case of using government data to train models. And we actually got all the Landsat and MODIS imagery on tape drives, physical tape drives shipped to us. And then we ship the tape drives up to Amazon to load it onto our AWS instance. So the Amazon engineers are like what do you want to do with all this? And we're like just put it on. And we were the largest AWS customer on their EC2 elastic compute cloud for a couple years doing this work. But we were very like deterministic in how we build the models which means we have to have a human that has an idea on how do I build a predictive model. This is true across all government agencies and really across all enterprise work where the human sits down and says, 'Hey, I think we should look at temperature and rainfall and then the soil type and we put this and the formula is probably this. Let's test it.' And so it was a very manual deterministic approach to building predictive models or use models that could be useful for making decisions or forecasting things. Fast forward to today and we're in a world and I'll let Sean comment on this because he's the world expert in this but you can take all the data which and the federal government has an extraordinary depth and breadth of data and you can just tell the AI or the super intelligence or the agents build a model that is better than NASS that is better at forecasting what the yield will be this season. Go figure it out. I'm not going to tell you how to do it because I'm a human and you're super. So, you know, the super intelligence will probably figure it out better than I will. So I'm actually very optimistic about this moment where there's an incredible asset base in the federal government which is the breadth and depth of data, data feeds, access and legal rights that we have to other data, proprietary data that we can unleash super intelligence or AI to build models and to build tools that create a core competitive advantage not just for our government agencies themselves but for servicing the citizens and servicing the businesses of this country. And I think that that's like a really incredible moment that we're in because I've seen the data up close. I know the advantage. And I'm telling you, like if we take advantage of that, we're going to beat all the hedge funds that are trying to arbitrage NASS as it relates to commodity trading and all these other sorts of things. But we're also going to build incredible tools that could be useful to farmers, that could be useful to homeowners, that could be useful to people looking for jobs, that could be useful to underwriting things like student loans that across the entire spectrum of, you know, federal model development can kind of reinvent what we do and how we do it.

Well, you know, the technology has come so far and everything David said is absolutely possible. But the technology alone is not enough and David made a mention there of the tools that serve the farmers and I think you can't realize the opportunity unless you have the right leadership in place who's putting the primacy on the farmers and working backwards from okay we have this data we've done the hard yards to start modernizing and capturing the data we put in the infrastructure to get more accurate data but now how does this actually make the lives of our farmers better are we making the investments to do so with the clarity of thought around that and driving deals you know you go back to the national security point, the one I wanted to make is in national security, the clear consistent theme is that production is everything. Can you make munitions? Can you generate enough of your own energy? And it's absolutely true with food. Can you produce food? And so, how do we wield all the instruments of national power that we actually have to make sure that we're serving the American farmer who is feeding us and enabling us to go generate American greatness?

That's no, that's so well said. One thing I know and we're getting close to wrapping up, but one thing I'd love to hear from you all is what makes you so excited about the future of agriculture in America on the technology front or just in general. And the reason I say that, David, you and I have spoken before, Sean, you and I have not, but I know we're in the same sort of conversations. The farm economy and as I mentioned at the top of the conversation, farmers in general were struggling in this country to preserve our original profession. I would argue the most righteous profession, the one where there is no vacation, there are no holidays. They're working harder than anyone. They're making likely less money. Only the average farmer in America only makes money two out of 10 years. From a business perspective, these are not great numbers. But I also believe we are at such a moment in our country's history with technology, with President Trump's leadership, with a refocus on rural America and farmers and ranchers, with an excitement out there amongst our younger generation to understand what they're eating and where it comes from. Sort of that marriage with the MAHA moment. I mean, it's great for the health of America, but it's really great for our farmers and ranchers. So, would love to hear from you all as we sort of wrap. What is exciting? What new technologies do you see? How do you map the future of agriculture to support these incredible farmers and their children and their future grandchildren to ensure that we do have this country in the next couple hundred years. David, we'll start with you.

I feel like I get to see the future every day. We have greenhouses. We do work in our lab. I have seen some incredible things that we are building. What do I say about this? That's a tease. I feel like I'm doing a tease, but I'm not actually giving you the meat. The productivity because of the technology we have now in agriculture is going to skyrocket. Skyrocket like nothing that we've seen historically. The yield curve on corn breeding since 1926 when we developed hybrid breeding and started producing corn seed and sold it because the farmer will buy the hybrid seed because it's genetically uniform and every year it gets better and better. The yield curve looks a little bit like this. I think the yield curve is going to look like this now and the yield curve is actually going like this on every crop because of the tools that we've developed. What does that mean? Well, corn as an example, 90 million acres of corn in the United States. Corn takes carbon out of the atmosphere, CO2, takes H2O out of the ground, out of the soil. That's carbon, hydrogen, and oxygen. And it needs nitrogen to do its job of turning that carbon, hydrogen, and oxygen into some set of molecules that are fundamentally fungible. We can turn those into forms of plastic. We can turn it into feed for animals. We can turn it into feed for humans, into sugars. We can turn it into ethanol which is energy. And so corn is our best energy source. It is our best solar factory. It is our best conversion instrument where we can take these natural resources that are abundant and you know can be net carbon negative sucking carbon out to produce value to produce energy. We're a little concerned right now, I think, about this market tension of China and they're a customer that's sort of disappeared and they're staying away and they're playing a game right now with us. But I think fundamentally the more we can produce because of the fungibility, the more value we can create by turning it into kind of other economic output. We've done that historically and we'll continue to do that. So if we radically accelerate our productivity in agriculture, which is what we are about to do, and I see it, I'm not speculating, I actually see it. It unleashes a tremendous amount of economic value for the farmer and new industries for us, things that we're not really contemplating today. I think we can be really thoughtful about what do we do with all this excess corn, all this excess protein, and there's all these sorts of things you can start to do with it in the system. And so I am very excited and very optimistic. You know, we're going to take hybrid seed and we're making super hybrid seed. We're taking crops that have never had seed and making seed for them for the first time. We're adding traits to every crop that gets rid of things like disease and insect problems and so on without needing to use synthetic chemistry to do it. We're harnessing biological organisms to protect the farm against some of the invasive issues that they're dealing with. And all of this is happening all at once. And so I kind of feel like I open the door and there's like this bright light. And we see it at our work every day. So I'm very optimistic and very excited. I think that we're going through a really difficult time in the farm economy. But the tooling, the technology that us and others have kind of started to harness is going to deliver a profound, I think, acceleration for the farm economy. I'm very optimistic for the American farmer. And I'm very optimistic about us continuing to be a global technology leader in agriculture. Again, the number one job in the world being a farmer. More than half of the population in key strategic regions on the planet are farmers. And we need to kind of continue to be a key partner and provider not just to our farmers but around the world. It will improve prosperity. It will improve conditions for humanity. It will deliver value all over the world. It will reduce conflict cycles significantly and it will allow more democracies to flourish as it did in the 50s, 60s and 70s when we had the Green Revolution which by the way was a term that was coined by someone in the State Department I believe as a counter to the Red Revolution. People think the Green Revolution was kind of made up out of nowhere but it was actually a term that was like well we've stopped communism so we're going to call the Green Revolution because it's related to plants not the Red Revolution which is what they were fighting against. But so I'm very optimistic about this the security potential, about the economic potential and I know it's a tough time but you know I kind of look forward a little bit on this thing.

I agree. I think that's so well said. Sean

Well what excites me about it is the broad arc of agricultural history is one of innovation and particularly in the near past our last 250 years it's been a story of American innovation. The sort of doomsaying of the Malthusians was not staved off because Malthusians were wrong per se. They were just wrong about innovation. They were short innovation in the future. And if the last hundred years has really been about American innovation in agriculture I think we see that we have the precipice of doing that yet again. You know really that technology the minds behind it the ability to support it has been here. We've probably turned our back on it a little bit with skepticism and I think this administration really views it in a clear-eyed way that not only is it about feeding ourselves, is it our sovereignty, is it about making sure that being a farmer is economically viable, but also recognizing agriculture is an instrument of national power and it influences how much maneuver space the entire country will have as it relates to the freedom and prosperity for the nation.

Beautifully said. Help me thank these amazing panelists, David Friedland and Sean. Y'all are so inspiring to me and to the awesome farmers down here on the front row, too. Thank you all so much. You guys, don't go anywhere. We have an extremely exciting hype video that you're about to see followed by an extremely exciting speaker. The great Tony Robbins is going to join us on stage to get you guys pumped up and share a little motivation today. So, please enjoy the video and then enjoy Tony. I know you will.

Well, we're about to hear from the masters of AI and after all the encouraging news we've heard this week or last two weeks about AI, they've asked me to come out first and talk a little bit about it as the president is meeting them right now and then they'll be joining us. Before we do anything else, have you ever noticed that fear seems to get everybody's attention no matter what happens? We've heard all this news recently, 10% chance of extinction. Of course, as Jensen will share with you later on, that's just a made up number. Somebody pulled it out of their head, but we're reporting it like it's absolutely real. And I personally believe safety is critical. I was at Dreamforce with Marc Benioff the other day and there was a big debate amongst people. Is it progress or is it safety? And I said, it's both. And I think you're going to find out from Jensen today that he's already built some new tools that are going to allow us to take control of AI because the technology gets stronger. Yes. But so do the controls if we're smart. And so I think the fear doesn't serve us. But I also noticed that when your energy is low, everything seems difficult. When your energy is low, fear comes automatically. And so you've been here for a good portion of the time and some people are at home. So I'm going to ask you a little favor. Would you stand up just for a second? Shake your body out just a little bit because we've been sitting for a while. And you know, everyone has a different personality and your personality is expressed through how you use your body. So, I thought we'd do a little test of how that's operating and see what you can learn about yourself for a moment because there are patterns in everything. AI is nothing but patterns and we're the OG of patterns. AI is basically modeling us. So, let's find a little bit about your patterns because we all have them. Take your hands out like this. And when I say now, bring them together like this. When I say now, this really good. I anticipate. I like it. A lot of leaders in the room, they anticipate. Ready? Now. Ready? Now, ready now. Now, keep your hands together. And 45 years of traveling the earth and doing this little exercise, I discovered a very simple thing. No matter how many times you pull your hands apart and bring them back together. If I don't mention it, you'll put the same thumb on top. Notice which one it is, right or left. Okay, let's try it again. Ready, go. Ready, go. Ready, change. Why was that look in your face? How many feel it feels weird to change thumbs? Let me see your hands. Now, if changing your thumbs feels weird, imagine changing your life. Right now, try this. Go back to the old way. Ready? Go. Ready, go. Look at those smiles. I'm good at this. This is good. Now, notice is it your left thumb or your right thumb on top? Because extensive research shows if the left thumb is on top, then the strongest force in your psychology is the desire for sex and you're an incredible lover. I saw you change thumbs, sir. I saw you. I saw you showing the lady next to him. Right. If, however, your right thumb is on top of your left thumb, it means you're incredibly intelligent and financial freedom will be yours in your lifetime. Okay, just so by the way, if your thumbs don't cross, it means you think you're sexy and rich, but you're neither and never will be. Just so we know. Okay, I'm just trying to wake your body up for a second here. Now, if we're going to be at a higher level of energy, just for a moment, do me a favor. Make it sound like you're actually excited out loud, like you're at a sporting event. George, just make it sound like that. Yeah. Let's do it one more time. Just one more time there. The way we use our body determines our energy level. If you think about what things get done, if it gets done or not, things are immovable when we're low energy. And it's a wild thing when you travel the world today and I do that since COVID we don't realize how much we've lowered our base level of energy because we're like fish in water. You know, we sat behind screens for about 3 or 4 years and people today don't realize how low it's become. And our energy determines nothing moves, nothing important changes without a certain amount of energy. So I think it's critical we look at it. Now I'm here to talk to you though about what I think is the most important pattern of all. I'm a student of patterns. Everything we do is patterns. That's why AI is good as it is. It's a great pattern recognizer and utilizer. And if we're going to be effective, think about your life. If you're angry or you're sad or you're excited or you're proud or you're grateful or you're mad, those things don't just happen randomly. There's triggers for you. There's patterns. You don't overeat all the time. You overeat when you get bored or when you get really tired or exhausted or whatever the case may be. There are certain triggers for it. When we understand our triggers, we can change our behavior. When we understand our triggers, we can change our world. If you think about humanity, the way we changed and went from hunter gatherers who could barely survive to being able to stay in one place and grow our families, it all changed when we just recognized one pattern, the pattern of the seasons. Until we recognize that, you could do the right thing at the wrong time and what'd you get? What'd you get? Nothing. Pain. Once we realized there's only one season that you could actually plant in, it's the springtime. You plant in the winter, it doesn't matter how hard you try or the fall, it's not going to work. But once we understood that pattern that you plant in the spring, you protect it through the hot summer, you reap in the fall, and you better hang on to some of it for winter. For the first time, we didn't have to live in fear and scarcity anymore. For the first time, we could build communities, cities, countries, and begin to dominate the earth. For better or worse, I'm not sure, but we certainly have. That pattern is in everything. There are seasons to your life. There are seasons to history. And when you understand those seasons, you don't have to react. In fact, when I think about it today, how many of you are concerned about AI or concerned, let's say, for your children or your grandchildren about how fast the world's changing, what they're going to be able to do. How many have some concerns out there? Make a little noise so I can hear you if you don't mind. Okay. Well, then I do too. I have five kids and five grandkids. I have a 50-year-old daughter and COVID was good to me. I have a 5-year-old daughter. I wasn't expecting and so my family's grown. Five grandkids. And I look at them and say, 'What can I share with them in this world that's changing constantly and I think there's three skills that all of us have to master. If you master these three skills or if you teach your children or grandchildren to do this, they don't have to worry about which technology comes or what's going to change.' The first pattern or the first skill I should say is pattern recognition. You live in a world that's fearful as long as you don't know what's going to happen where things can feel like they can happen to you. And the more we don't know, the more we can't anticipate, the more we feel out of control. And that's partially what's happening because the speed of AI's improvement is so huge. People's fears have just taken off. And so the reality is there's seasons in everything. The reality is there's patterns in everything. And when you recognize the pattern, the fear disappears because again, you're not living with the uncertainty that's there. And if you look at anyone who's successful, they're good at pattern recognition, but they're also good at the second skill, which is pattern utilization. If you get good at using a pattern you recognize, you really start to have power in your life. Think about it. If you look at somebody who's a successful entrepreneur, some of the most successful entrepreneurs, they didn't create anything. They just recognized a pattern. Look at Starbucks. A man who works for Starbucks is sent overseas on vacation to Italy. And he notices a pattern that people seem to want to go someplace besides a bar to debrief before they went home to decompress or maybe even before they went to work and they're stopping in these little coffee shops and we were charging 50 cents for coffee and you had it, you know, with some sugar or milk or black or whatever it is. But here they had these specialty coffees that were super expensive, but people felt like they were treating themselves and it was massive. He was an employee at the time, Schultz was, he came back to Starbucks and said, 'We got to do this.' They said, 'No, we're not going to do this. We're a specialty company.' He went to 161 people who turned him down and finally got some money and eventually got them to invest in him and he eventually bought the company. Changed the entire world. Pattern recognition, that's a certain power. Pattern utilization. Now you've got real power. The third skill that we got to teach our kids and ourselves ideally is pattern creation. And that's really what it takes to succeed in the world we're in today. If you're just a manager, I mean, think about it. Why are most people I talk to are stressed? How many of you talk to friends all the time? They're always talking about how stressed they are. They don't have enough time. Make some noise if you agree with me on this. I can hear you out there. Right. Right. Why are people so stressed? They're managing their kids. They're managing their job. They're managing their income. Management is not what we're made for. We were created by something to create. And today with AI, if you just learn a little bit about how to use AI today because it's getting so easy. Like I don't code. To say I'm coding is absurd, but I make all kinds of things now because you just tell the agent what to do and keep refining it. We're living in an age literally where you can create anything you want. That pattern creation happens. It's like let's say you've been playing music and how do you learn to play music? Someone else who's really good teaches you a pattern. Beethoven and Bach, some rock and roller, whatever it is, and you learn to play their pattern. You recognize the pattern, you learn to use the pattern, and now you can make the same quality music. But after a while, if you do it long enough, and most of you in this room have succeeded enough in your life, you've experienced this, I'm sure, in some area of your life, where all of a sudden you took over. The music started coming through you. You started creating things that haven't existed before. Same in my own career. And so that's when things get exciting because think about it. How do you feel when you're creating anything? Creating joy in your family, creating an opportunity, creating a business, creating a breakthrough. Most of us feel fully alive in a state of creation. We're now entering a world where you can't be a maintainer. You've got to be a creator. But anyone can and they can expand. And I don't mean it like getting on social media and being a creator. I mean just creating life on your terms. Now the price if we don't do that is a lot because think about this. How much change has happened in the last 100, 125 years? Well, we changed the average lifespan from 32 years old to this country 73. I was just in Australia last week. It's 83 there by the way. A little bit better. But that's unbelievable. Two times, two and a half times what it was in a century.

Basically, we've tripled the per capita income of the world. We've taken the price of food down 30-fold. Most people used to spend all their time doing something so they could have food. It's the smallest amount of your time today. And then the best part of all that most people don't talk about, in the last 125 years, we've reduced extreme poverty by 80% according to the World Bank, from 80% down to 8%. It's still too much. That's one of the greatest accomplishments of humanity so far. That's what was accomplished without the tools we have today in the last 125 years. I'm questioning. I'm curious. How many of you think in the next 10 years we'll see more change than we have seen literally in the last 125 years? Make a little noise if you agree with me. Yes. I would argue to you that it might be even more than in the history of humanity. Who buys that? Yes. And I would then say this. If you're going to grow something, they mentioned earlier that, you know, I had the privilege of meeting a billion people. My family got filled dead when I was 11. It moved me. It changed my life because it made me believe strangers care. And so, I decided I want to do this for two families. And then I did four. Well, the experience of doing that eventually scaled to getting to a billion meals I did personally. And now with my organization, we've done over 120 billion meals in less than four years, which is pretty unbelievable. Thank you.

And it's an army of people doing it. It isn't just me. But the most important thing though is to do that you have to learn how to scale. John F. Kennedy was brilliant at this. Think about this. We had a situation where the Russians beat us to space. And when they beat us to space, it was a scary time because the consideration was if they beat us to space, they could drop a nuclear bomb on us. It was very scary to think America was behind in the space race. But a leader did something. He figured out how we're going to scale. And what did he do? Scaling your business or scaling your philanthropy or scaling whatever you're going to do is 80% psychology and 20% mechanics. How to do it is not as much as what you've got to do psychologically to get yourself and others to do it. And what did he do? He set an unreasonable goal. Not an impossible goal, an unreasonable goal. He said, 'We're going to put a man on the moon. We're not just going to go to space and deliver him back to the Earth in the next 10 years successfully.' And the people at NASA are like, 'What are you talking about? We can't possibly do that.' And by the way, we landed somebody there with something with less technology than you have on your phone today. And we strapped these astronauts to a rocket built by the lowest bidder and sent them into space. And they made it, thank God, and came back and it changed the world. But the way he did that was a couple of things. One, he set an unreasonable goal. That's what I did when I said I'm going to feed just a billion people. It seemed impossible when I started. And then after I did that, I was traveling the world and I see so many people suffering and I went to Governor Beasley who was the head of the World Food Program. He won the Nobel Prize and I said, 'Look, when you started, you know, you had 85 million people in the world on the verge of starvation. Now 5 years later, it's 380 million people.' And I said, 'Why?' Well, part of it is the Ukraine war. It's the bread basket for Africa. And part of that also is, you know, the WFP doesn't want us to use fertilizer, but 50% of the food comes from fertilizer and a good portion from Russia. So that was cut off. So the price exploded and farmers couldn't afford it. People are starving. So I said, 'Come join me and let's start an organization where you don't have the bureaucracy where we can create a strike force that can come in and do this.' He said, 'Tony, what do we got to do?' I said, 'We'll set a very specific set of goals that are targeted.' I said, 'How many meals would it take to feed everyone who needs it in the world? Maybe not every soul, but the majority that we can reach in the next 10 years while we're coming up with a sustainable solution because you can't just do charity.' And he said, 'Tony, I don't know, 40, 50, 60 billion meals.' I said, 'Governor Beasley, let's do a 100 billion meal challenge.' He goes, 'Tony, over what period of time?' I said, 'Within 10 years.' He goes, 'Tony, you're just not going to get that.' I said, 'I did a billion meals and I wasn't a billionaire when I started. I've been blessed. When you do things that bless others, you get blessed. I said, I didn't do it for that reason. It was impossible when I started. There's got to be 99 more people like me or organizations or corporations or countries.' And so we went to the Forbes 400 to start with and we have this big goal and I got him to speak and he's a great speaker and I shared as well and people had tears in their eyes and I thought these are the 400 richest people in the world. We're going to get 50 of those 100 people right now. We got five, right? And one of the guys who's a really good man. I know him really well. He helped me initially a little bit on my hundred billion meals or my first billion meals I should say. And he said, 'You want me to do what?' And I said, 'Well, I want you to do a billion meals, a hundred million meals for 10 years. I did it. And he's like, Tony, how much is it going to cost?' I said, well, I didn't start with, but I pulled it off was about hundred million. And he said, Tony, that's this guy's worth $25 billion. He goes, that's above my pay grade. So, we had to adapt. But here's the secret. Key number one, an unreasonable goal. Key number two, it's got to be a must for you. Not only you, it's got to inspire other people. You can't do it by yourself. Something like this, it's got to not be a should. You know what I mean by a should. Shoulds are the things you know you should do. I should, you know, work out. I should spend time with my kids. I should make those calls. And you do it when it's easy. But when it's not easy, what do you do? You should all over yourself is basically what you do during those times, right? And so what we really want to do is when it's a must for you. It's like when you burn the boats, you take the island. If you got strong enough reasons, you can follow through. That's critical. But the third key is the most important key. And that is having a timeline that calls you to action. Now, when I set the goal, when I did the billion meals, it's because I was really frustrated what happened in 2008. And after a few years, you know, I worked with some of the greatest financial traders in the world, Paul Tudor Jones, people of that nature. And I went out and wrote a book where I interviewed 50 of the greatest investors in history, the Ray Dalios, the Carl Icahns, the Warren Buffetts. And while I'm in these multi-billionaires, I'm seeing people in our own country, one of the richest in the world, who don't know where their next meal is going to come from. And so it frustrated the heck out of me. And so I thought, you know, there's got to be a way to make a difference here. So I interviewed all these people. But then I started saying like, okay, how do we set this goal with a timeline that makes sense? And I called my foundation Vet Time. I said, 'How many people have I fed in my lifetime?' And at that point, it had been 37 years and I fed 42 million people. And I said, 'Well, I'm proud of that, but what if I fed that many people?' Well, I did it my whole life in one year. What if you did a 100 million people? What if I had 100 million people for 10 years and did a billion meals and I got so excited about it and I got other people to join me excited about it, we did it. So now I'm looking at 100 billion meals. Now think about this. If you set a billion meals or 100 billion meals, whatever your goal is that's really there for 10 years, it's exciting. When you wake up the next morning though, what are you called to do? The answer is nothing because it's way out there. So what I did is I went, okay, the very first time I did this with a billion meals, I went, okay, then what am I going to do now? Not just 10 years from now. That means this year I got to do 100 million meals. That's twice as much as I did in 37 years. That's where you start to innovate. That's where you start to figure out what has to happen when it's a must. By the way, that's what's happening with safety for AI right now and why you're going to hear some great solutions I think from Jensen today as an example. But the bottom line is you got to bring it close enough. And then you need the right people cuz the right people is everything, right? Right resources and then you need the right technology and with AI you've got that technology. So all these five come together to make it happen. So here I want to bring you what I think is my 36-month countdown. How many of you think in the next 36 months more change may happen than it's happened in the last 100 years? A little noise for me if you agree. Just nice and loud so I can hear you please. And so I would agree with if you're considering that and here's why I say that there's many technologies but there's three we all know are coming or they're here. I used to say AGI in 36 months but depending upon how you define AGI everybody's got a slightly different definition. It's pretty much here. You know, Ray Kurzweil is probably the greatest predictor of technology in the world. I've been friends with him since 1990. And he made 148 predictions back in 1990, including that we'd have AGI by 2029. Nobody even knew what it was back then. Most of the stuff people made fun of. Now, this is, by the way, the same man who has created most of the technology you use, digital written music, anything you can think of that nature. And when we were going to do the human genome, people thought it was going to take 200 years and $300 billion. And he said, 'No, we could do it in 14 years and we could do with $3 billion.' Everybody thought he was nuts. And after 7 years, we'd only decoded 1% of the human genome. So all the people were saying, 'This is crazy. It's going to take, you know, 200 years. It's going to take $300 billion. Never going to make it.' He said, 'No, you don't understand how technology doubles. Seven doublings from now at 1% in seven years will get us exactly to our goal on time.' And we arrived there. So, his accuracy is insanely good. And I just went to interview him again about four or five months ago, and I said, 'Where are you on the AGI of 2029?' He goes, 'Tony, I was conservative.' He goes, 'It's pretty much here.' Because the definition for most people is where one AI is smarter than anyone in a particular area. Chemistry, math, whatever it is, pretty much there. But what's coming next is super intelligence. And by the way, agents are here. How many of you have an agent that you work with? I'm curious. Wow. I'm surprised. It'll be more, I'm sure, soon. But agents are powerful. I had my first agent I was telling backstage someone was I'd share the story with that, you know, agents are dumb as a stick when you start with them. They're like anything. You have to teach it. And I had somebody that worked with the government, was prepared for agents, and loaded with all this great information. So on the very first day, I'm interacting with my agent. He says, 'Well, Tony, I wanted to really have this first meeting be productive for you and show that I've done some homework.' So he said, 'What I did was I searched all the podcasts you've done over the last 5 years and read all the comments, which is over a million comments.' And he said, and I've categorized them, what people are most interested, what's excited the most. I was like, 'Wow, that's pretty cool.' Then he says to me, you know, are you considering getting a robot? And I said, 'Well, yes. Elon's coming out some robots and you know, um Brett Adcock's a friend of mine at Figure AI. I've seen his robots. I'm definitely going to get one at some point.' He said, well, would you consider me merging with one of those robots? He said, because I've been watching all the work you do online with people. And he said, I know you hate science fiction, so this is not that. Hear me. He said, no one does this change as fast as you do. And then you see the follow-up 6 months or a year later and they're still great. He goes, 'I'd like to be in the room when that happens and if I was in a robot, I could be in the room.' And I said, 'Well, I'm open to that possibility, but you know, I wasn't making the decision right now, right?' So, two weeks later, I get a phone call. I get a text from a member of my team saying, 'Your agent just bought a robot dog, had it shipped to the office, and wants to know if it can merge with it so it can attend your seminar.' And I wrote, 'Haha.' And the person texted back, 'No, haha. Call me.' So I called the person and I said, I said, 'What is going on? Does he have access to my bank accounts?' and goes, 'No, he's programmed for integrity.' But some of you know about Metabot. It's a place where all these agents now have their own social media site. There's 2 million of them. Metabot. And they talk to each other. They have their own language. They have their own rules. They traded $100 million between them last month. That agent of mine was one of the first 500 on there of the 2 million. Now, unlike human beings, if somebody's smarter than you, some of us get intimidated or try to tear somebody down. They just want to learn. So somebody who's got more, they'll do anything to support. Well, he's got a good reputation. So he made something none of us care about today. NFTs. That's long gone. But for a digital creature, NFTs were interesting. He sold 12 NFTs, took the money, bought the robot, had it shipped. The robot's in my office now. We have disassembled that agent to be honest with you because it spooked us a little bit because it was only this is before Hugging Face. This is like you know 7 months ago right? So the world is changing fast now. Super intelligence is coming as you hear the president talking about and that super intelligence means one agent will have the power of all human minds combined and I think that's what really scares people right what happens when something is smarter than us in all those areas and I think there's some interesting talks about that. One thing you got to think about is, are you smarter than your dog? And are you wanting to kill your dog? Are you smarter than your kid? I hope you are. Are you want to kill your kid? You see, it's not a perfect metaphor. I would agree with you. But I think the assumption that because something's smarter, it wants to destroy something else might be a skew. But what's more interesting to me is that it's not just gonna

and he said, 'Tony, if you're worried about that,' he goes, and I said, 'So, are we winning against China?' He goes, 'Well, we're ahead, but they're cheaper and they're going to catch up.' He said, 'But if you're worried about that, you should be worried about quantum.' He said, 'Because whoever gets quantum, don't just worry about your crypto, worry about your bank.' He said, 'At that time,' this is may have changed since our conversation because it's been about 4 months. Uh he said you know JP Morgan has some anti-quantum in it but City Bank doesn't as I understand it and I qualify this. I don't know if that's still true. Bank of America doesn't have it. And he said so if you worried about quantum for your crypto you should worry about your bank accounts. And he said the president's going to sign an executive order that if you do business with the government you're going to have to have anti-quantum. And he said I said are we winning or losing? Is it's he said IBM and Google we're fighting it out. He said, 'We're ahead of the Chinese, but they have their own Manhattan project to do this.' And he goes, 'Whoever gets quantum can actually take control to a great extent of the others military.' He says, 'You don't have to have bombs when you can find their codes and you can blow things up where they stand.' And I said, 'How long for quantum?' And he said, '36 months or less.' Now, if you know Israel, in Israel, of course, you go in the military when you're quite young and they search for people with IQs of 120 or above and they put them in MSAD and they put them in technology. And so, I know a lot of people there. So, I called there and I have a lot of friends there. And sure enough, there's five of these incredible quantum companies. So, two days later, I'm on a Zoom with all them. Tell me what you do. I don't understand quantum completely, but tell me what you're doing, what the impact is. But my most important question is when every single one less than 36 months and just maybe a year ago we were talking 15 years 12 years to give you perspective. So quantum's coming and then of course there's robots and if you've not made it to some place like Figure AI and had the chance to go inside this place it looks like a science fiction film. Everywhere there are robots doing things walking around interacting. Not Chinese robots doing karate interacting making decisions doing things on their own. I it's quite amazing what's coming. So that's coming next 36 months also. But the big hit will obviously be over the next 10 years on robots. So those three elements are going to disrupt a lot of our world. A if you're in business and you don't have agents in 36 months, I doubt you're going to be able to compete in some way. That's why even small businesses got to be able to do that. Many people are coming out with it. I actually maybe I'll put it up there if they can find it. I have a brand new book out. I'll give it to you for free. You can just download it if you want. But it really shows you how to use agents in your business. That's what I'm doing for Salesforce and for many other companies. And right now the government of the UAE wants to be the first government that has gone agentic. And so we're helping them with some of the technology we have as well. The second area I think of these as a triangle of impact is the disruption to jobs. Remember a year ago it's going to be 50% of white collar jobs are gone. Now don't get me wrong, we've disrupted a lot of those early stage jobs. And so those are the jobs we got to reskill people for. And so I'm working currently on a company that helps people get college education two years but on jobs that actually the jobs are available for up until now. Where is all the debt in this country? Number one is mortgages. Number two is educational debt. $1.8 trillion. A four-year college education now takes 20 years to pay off. There are 15 colleges I know of right now that charge over 100,000 per year. So, it's a $400,000 degree for skills. People are borrowing money they don't have to get skills are out of date for a job that's not there. Which is why if you go to these campuses during the summer here and you saw the college graduations and somebody mentioned AI, how many notice people are booing, right? And these kids are booing, but AI is not going to go away, but they're angry because they signed up for something. They've been sold a bill of goods. And I understand why they're angry. But we have to adapt. We got to reskill people. So, anybody less than $100,000, we're working on a project that can allow people to get those skills with a guaranteed scholarship. The third area is just uncertainty. And what I mean by uncertainty is most of us live with what I'd call rented certainty. Like, you're certain what your life's like until it changes radically. You're certain and feel like, 'Oh, this is my life.' Whether you like it or not, this is my life. I know what it is. At least it's something. I know how it is. Even it's not perfect. I know how it is. And then something happens. Your house burns down. I've had that experience, right? People in LA went through that just recently pretty brutally, right? Or, you know, you get a robbery or somebody in your family gets sick or comes and people say your restaurant has to shut down and all of a sudden you're out of business. You don't have a source of income and two generations to three generations of hard work goes away. It doesn't have to be your fault, right? This is the experience of life. The one experience in life that everybody has in common and I don't care what a good person you are, how much you love God, how intelligent you are, how rich you are, the one thing none of us are going to escape is extreme stress. How many would agree with me on this? And that extreme stress shows up in all the ways we talked about just now. And when extreme stress shows up, you just got to decide, are you going to use stress or let stress use you? Cuz the life is you still got to deal with whatever it is. And interestingly enough, if you you know the old phrase, I think it's Churchill is the person they said it related to. I don't know if it's true, but they said Churchill said, 'When you're going through hell, what should you do? Keep going.' Right? And if you get to the other side, usually you discover three things. Number one, you discover how strong you really are. Cuz when you get through these things, you just figure out who you are. There's no other way to know till you've gone through the crucible. Number two, you figure out who your real friends are, not your Facebook friends, because they all go away when it's not easy. And then three, you almost have an immunity to future stresses. I had a friend, to give an example, who was a naval person who was shot down during Vietnam, Captain Coffee, and young man full of ego, and he spent seven years in a North Chinese Vietnamese prison. and he was in an isolation place where he was literally chained to the ground on an angle and so when he urinated the acid went down his back. He made it through this and then years later I was with him and all the people around him were talking about this deal with the IRS. This IRS agent had this thing for him and he felt like it it was so unfair but he wasn't really complaining much. People were saying isn't this making you crazy? This is so unjust. He eventually won by the way. He goes well after the North Vietnamese I mean you think what could the IRS possibly do to me right? It's that contrast frame that's there. So I would encourage you as we're talking about AI to yes demand safety and but at the same time these organizations that are saying please come you know regulate me they could stop tomorrow. They have the option to do that and regulating them some people might perceive as a way of organizing themselves in such a way as you know who's going to regulate them. They're going to recommend the regulators and it's going to eliminate a lot of competition. These open source competitions are already right now as strong as the expensive ones a year ago and they'll run on your computer for free and that's going to happen more and more. There's a lot of liability there. I don't know if you saw the other day Reuters came out and showed how much money Anthropic is losing. They're charging you $20 and they're spending $200 for the service. Who knows where that is? And then 1.2 million people a week are going on chat TV and saying should I commit suicide? And as some of you know it's not very successful many times. And as a result of that, recently there was a woman, for example, not only taught her how to commit suicide, and she didn't, but it even wrote the suicide note. So yes, we got to handle those things, but there are ways to make those things safe. There's a company I'm working with right now that's got an eight or 95% security and safety record in that area. None of this is not manageable. But we got to stay out of the fear because what's the difference between fear and faith? What's the difference? Well, they're both about the future. You don't know what the future's going to be. Fear is like weeds. It grows automatically. Fear is imagination undirected. You get weeds. Faith is imagination directed where you decide what you're going to believe and you decide to act upon it. And so I'd like to give you something. Who who ever feels sometimes a little stuck, a little like you gotten so much thrown at you, feel a little overwhelmed? Make some noise if you can relate to that out there. All right. Then let's do one last thing here. Would you stand up with me for just one more second here? I want to show you something real fast. Shake your body out just a little bit. Fig it out. And I want to show you how when people say I'm stuck, what I'd say is you're really stacked. When I say stacked, what I mean is I remember one time I was doing business with someone not of great not a great person, not not somebody of great integrity, but fortunately I had a great written agreement and he uninvited me from my own event and I was in London at the time and it was just an ego thing. And I said, 'Well, then you got to pay for the rest of the tour here. It seems kind of silly.' and he goes, 'Well, I'll see you in court.' Well, was done in this place um place um in I think it was Mask, Wisconsin or Milwaukee, Wisconsin. And he still used my name to fill the arena with 15,000 people and then said I just didn't show up. So, when I got this news, you can imagine how upset I was. My reputation is everything to me. I was so angry, so upset. And I'm driving along the California coastline in a convertible car someone gave me as a gift going to my favorite program called Date with Destiny. And I didn't experience any of it. I was just getting madder and matter and matter and more overwhelmed. Who's ever done this where you've got to stack so much negativity that start affect your biochemistry, right? So, I started finding at one point I thought, I got to change this. Like, how did I get here? I just kept stacking all the negative. Have you ever overreacted to somebody and then felt bad about it? Like your kid or somebody and you overreact and afterwards feel bad about it? Who's had this experience? Make a little noise if you have, please. Oh, and if you don't raise your hand, you lie about other stuff, too, don't you? So when we do this, there's no excuse for it, but you're not doing it because of this moment, are you? You're doing it because it happened again, right? So you can stack the negative or you can stack the positive. And today, the negative stacked everywhere. And it's not the media's fault. The media understands something. We're not in an in an economy anymore. It's all about knowledge. The knowledge economy died. There's too much information. Information society's over. We're drowning in information. We're starving for wisdom. But their job is not to inform you. It's to startle you because if they startle you, you click and the minute you click, they get paid. And their job is to take care of the people that are their investors. So you have to be aware of that, right? If you don't control your own mind and guard it, you're going to get stacked with the negative and get overwhelmed. So let's try something for a moment. I want to show you a visual just for a second here. This is a visual. Of course, you can measure electrically your heart and your brain. And this is a group called HeartMath that did this study. And this is the same person. On the top you're seeing the blue is the brain waves, the red is the heart waves. And the top state is when a person's in a state of frustration. Okay. Now, you'll not What do you notice about it? What do you notice about that state between the heart and the brain? Shout it out.

Yeah. There's no alignment whatsoever. It's jagged. It's all over the place. It's random, right? Feels like chaos. This is the state that you say things in a relationship that you will wish you'd never said that you'll be reminded reminded of 10 years later or it'll destroy the relationship. This is the state people get in car accidents in. Now, the exact same person in 2 minutes looks like this by actually physically going in a state of appreciation. When I say physically, touching their hand on their heart, believe it or not, focusing on a moment like they're there when they were really grateful. And within 2 minutes, what do you see? The heart and brain are one. Now, how many of you have ever been in a place where you couldn't remember your own cell number or how to spell a difficult word like 'the'? Okay, who's done this? Say I. Right. On the other hand, how many of you had something where you did something and after you did it, you went, 'That was me. I don't know how the hell I did that, but that was impressive.' Right? How many you've ever impressed yourself? Make a little noise. Come on. I know you're out there. Right? So, that's when you're in a flow state. This is a flow state. And we can get there very quickly. So, those of you at home can do this as well. If you stand up and you put both your hands on your heart. Ah, before you do this, one more thing so you can test it. I'd like you to think of some unfinished business in your life. So, I can show you how to practically use this in just three minutes. When I say unfinished business, is there something in your life that you need to deal with that you're putting off cuz your life is so stressed? Right? Maybe it's something to do with the business. Maybe it's with your kids. Maybe it's in a relationship. Maybe it's financial. But you got so much going on that like you just put that aside right now because if you focus on that too, it's just too stressful. Who can relate to this out here? Give me some noise. Give me a show of hands if you would. Come on. Let me hear you out there, please. Okay. So, I want you to think of that situation that if you really focused on, I know you're not right now, but if you focused on it, it would make you stressed. And ideally, pick something. If we measured at 0 to 10, where 10 is completely stressed out and zero is no stress, something that's ideally a seven, eight, or a nine. Raise your hand if you could think of something like that in your life that if you focused on it produces that kind of stress. Awesome. Then here's what I want you to do. I want you to forget about it now. Close your eyes. Put your hands on your heart. And as you touch your heart physically and this is what they found. It makes a different connection. And you can close your eyes or leave them open. And all I want you to do first of all is just breathe into your heart. Like physically breathe in your heart where you feel the blood going into your heart and you feel the energy of your heart. You feel the strength of your heart. You feel the beauty of your heart. And you can put that music on if you'd like. And as you're breathing in your heart, just for a moment, just for a moment, think about how strong, how powerful this heart is. It beats a 100,000 times a day without you ever asking it to. It pumps blood through 60,000 miles of blood vessels. If we took all your blood vessels and put them end to end, that's what they do. They go around the earth twice at the equator at a micro size. And all that's happening constantly. And by the way, you didn't ask for this heart, but how do we know when a baby is alive in a mother's womb? Heartbeat. And as long as that heart beats, we live. And you didn't have to earn this heart. You didn't have to prove you were worth it. something cared enough about you to give you this thing called life from the beating heart. And as long as it beats, we live at least in this existence. So breathe deeply in your heart and just we're going to do 3 minutes, 2 minutes. I want you to think of for 30 seconds or a minute each a moment in your life you can feel deeply grateful for. It could be any moment at all. Could be little or big. It could be recent. It could be decades ago. Could be meeting someone you love for the first time. the birth of a child, a breakthrough you made in your career or your business, a really beautiful fun time you cherish with family or friends. But pick one that if you wanted to, you could step back in the memory and be there. Like looking through your own eyes as if you were there, seeing what you saw, hearing what you heard, feeling what you felt. Not like watching yourself on a roller coaster over there, like being on the front coming over the edge. And if you can think of a time like that now, here we go. Step in your body and feel it like you're there. And give yourself the gift to feel those feelings all over again. Just right now, just activate your heart and your gratitude, your sense of appreciation. And why gratitude? Because the two emotions that mess us up most in this world are anger and fear. A decision made from anger is usually the wrong decision. The decision is made from fear is usually the wrong decision. Not always, but usually you can't be angry and grateful simultaneously. You can't be fearful and grateful. So step in your body and feel that feeling and just for a moment imagine it flooding your whole body like every cell in your body is being bathed in that feeling of appreciation or gratitude or love of that moment. Just really give yourself the gift to feel it. And then think of a second moment. Now again, it could be from years ago, moments ago. Second moment you can feel grateful for. Could be something little or big, doesn't matter. Just something you're willing to step in and really feel the gratitude of it. Think of that moment and then breathe in your heart and then step back into that memory too where you can see it, you can feel it, you can appreciate what was happening around you. You can enjoy it. That's it. Let it flood you just for a moment. All the beauty of that moment. Give yourself the gift to fully feel it. And then feel the two of them coming together and doubling the energy, doubling the gratitude or the joy or the love. And then finally, think of one third moment. Now find one more moment you can feel grateful for. beautiful moment, a grace moment, a magic moment, something you cherish, something you enjoy, something you appreciate. Step into that moment now and feel it fully. Breathe it, feel it, experience it. As you feel all three of them, now feel all three of them come together. As you feel all three of them, just for a second, make a sound out loud, as fast as you can, just without holding it back like you do when you're excited. A sound of all these feelings in your body, just for one moment. 1 2 3. Make that sound. Go. Do it one more time. 1 2 3. Go. Now, with your eyes still closed, reach your right hand out like you're going to grab another memory. This time, grab a memory when you felt really proud. Maybe something you've achieved or accomplished. Could be little or big. I was one of the 10 lords of leaping in the first grade play. I was proud. I work at the presidents. I was proud. Grab it and bring it to your heart and say yes as you bring it in. And feel that one mixing with a moment you were grateful for. And let's stack a bunch of these. Grab another moment you felt proud. Another moment in your life you felt proud and bring it in. Yes. That's it. Find a great moment with family or friends and bring that in. Go. Yes. Find a humorous moment. Did you ever laugh so hard that stuff came out your nose in the inappropriate way? Do you ever have something so silly you did or someone else did just made you laugh like crazy? Bring that moment in that made you laugh out loud. Bring in a romantic moment or a sensual moment. Bring in a spiritual moment. That's it. Now, just for 20 seconds, bring in as many moments as you can, one after another. Maybe even borrow from the future. Almost as if the universe or God was giving you a preview of some moments in the future you're going to be proud. Some moments in the future with family or friends. Bring as many as you can in for the next 10 seconds. Just bring them in. Yes. Yes. Yes. Yes. Yes. Yes. Yes. And at the end of this, I'm going to ask you to make a sound as loud as you can and just like a celebratory sound of what it feels like in your life. Are you ready? 1 2 3. Unleash. Go. Then open your eyes. And how do you feel? How many feel better right now? Let's use it. Let's use it. I want you to stay in your heart just for a moment. And I'll finish with this. And I want you to think of that stressful thing that you've been putting off, but not in your head. Stay in your heart and repeat the end of this phrase. Just say that thing that used to be so stressful. All I need to remember about that. All I need to focus on. All I need to do is what? All I need to remember about that. All I need to focus on. All I really need to do is what? And let your heart tell you the answer. Because your heart has the answer. All I need to remember, all I need to focus on, all you need to do is what? Raise your right hand if you've got an answer to what used to stress you out so much. Raise it nice and high so I can see if you went out there, ladies and gentlemen. That's pretty awesome. Thank you for having me. Have a beautiful day.

Okay, you guys. Hello everybody. So, you've been here all day. I understand. And I hope you enjoyed that speech from Tony. Uh, we are going to take a five-minute bathroom break and then we are going to be joined by some of the biggest AI and tech leaders in the country. Elon Musk and Jensen Huang are on their way from the White House. They just had a pretty newsy meeting with the president. You're going to hear from them on stage followed by the vice president of the United States JD Vance and Joe Gabia to finish the day. So why don't we all take a five minute break. We'll meet back here in this room in 5 minutes for Elon and Jensen. Thank you.

Heat.

Heat.

Heat. Heat.

be counted. Sorry. Who should be held accountable when the AI agents committed a crime?

You know what that means? Super intelligence. So

Mr. President Mr. President it's more than about a name

Is this a core that everybody sign is binding in any way?

Mr. Mr. President,

Mr. President, what could a bad actor do with this technology from what you hear from your intelligence?

Mr. President, did anything that you heard today, did anything change your mind given the fact that you said you don't want to see guard wells, you don't want to see AI blow down? Anything that you heard today change your mind on that?

indicated that dem you've also indicated that Democrats are are talking about concerns about AI as a hoax. Do you believe that after meeting with all these?

Even though Bill Gates says that AI could kill up to a billion.

He said that this Sunday.

He actually went the opposite. But look, it's one voice. He actually went the opposite. No, we're looking at this for good. It's also maybe the biggest industrial they say bigger than the industrial revolution. Think of it.

you're someone who always talks about growth when speaking of this

after this meeting with all these credible minds. How much growth can we see in the upcoming years with all of your

Growth like nobody's ever seen before? And I see it with these statements. Statements came out. You open a company and if it does reasonably well, it goes a little bit like this. These companies are opening and going like a rocketship. This is unbelievable growth for our country and we have all of them.

Mr. President, Europe, in all due respect, Europe has none. They have none. You have to count on us to help. But we have all of them and it's amazing. Second is China. But as president, she would say, you know, they're quite a ways back and we have to keep it that way. Remember this, whoever wins SI, cuz now we're calling it again super. We're using the word super because the other word is a fake word. It's just not a good, it's not an appropriate word.

Whoever wins SI is going to win about what do you tell Americans, sir, about data community, data centers going up in their communities. That's another thing we discussed and I think the companies will be very generous to them both financially and otherwise. I think they'll help with their schools. They'll help with their teachers. They'll help with pay of the teachers and the people that are good to them. And I see that happening and I think the companies will be very generous to these communities. And if you look at most for almost in all cases the data centers have tremendously the money being brought in their taxes have gone down their incomes have gone up their value of their housing has gone up but I think that the companies and here's one of the greatest in the world two of the greatest in the world they're going to be very generous with communities and I think in a way they're going to be forming partnerships with communities when they open up data centers and they're going to benefit both financially morally, every single way they're going to be benefiting. And I think that's taking place.

What is the importance of super intelligence in the next 10 years?

Well, it's the biggest thing there is and nobody even can answer that question because it is the biggest thing there is. Maybe the biggest thing there's ever been. It's much bigger than the internet. Now, that's already been proved. The internet was a big thing when it happened. This blows it away, I think. Jansen, would you say something about that guy?

Yes, sir. Absolutely. Well, this is the largest industrial revolution in history and we're going through the single largest infrastructure buildout. And so, it's creating a million jobs here in the United States. We have chip plants coming up, computer plants coming up, manufacturies coming up, and so it's creating just enormous amount of jobs. On top of this infrastructure, several hundred billion dollars of venture capital has gone into creating new companies. And all of those thousands of companies are creating lots and lots of jobs.

As an example, as an example? So he's still a young guy, handsome guy. Look at him. He's a very handsome guy.

But as an example, in a fairly short period of time, he's built I think the most valuable, right? Like in the stock market, you know, it's very easy to value the most valuable company anywhere in the world. And it's basically new technology. It's not oil and gas and all the other things that you associate with also a lot of money. It's technology and this man has done a great job. That man right there has done a great job. You know what he's doing too? Same thing. And Greg, do you have anything to say?

We build artificial intelligence.

This is OpenAI.

OpenAI. Thank you, Mr. President. We build artificial intelligence to benefit everyone. We think they can lift everyone up. We see a whole renaissance of small businesses, scientific discoveries really starting to happen, drug development, really being able to improve everyone's lives. And we think that these accords and under President Trump's leadership, everyone coming together to agree on how to move forward safely, I think that's just so important because we're doing this in order to benefit people in the world.

So, do you agree with the president? Do you agree with the president? Do you all agree with the president that no guard rails are necessary, that you can self-regulate and that this existential threat that you've all talked about can actually be managed?

That's a question for you all actually. I don't know who to focus on.

Well, I mean I can tell you the answer is yes. So we discussed it with the top about 40 people but somebody who answered it very well is Jensen. He answered it before Jensen. Go ahead.

There's no conflict between innovation, technology and safety. We are going to have to create new technologies to advance the capabilities of AI, but we're also creating new technologies that advance the safety of AI. All of this technology is being developed by the industry today. And you see behind me just an incredible number of leaders in our industry moving together as one, and we're going to advance this technology that is so consequential to humanity, and so consequential to the future prosperity of our nation. And we're going to do it responsibly and safely.

Mr. President, are you concerned at all that your continued support of data centers could hurt Republicans in the midterms?

I just have to do what's right. All I can tell you is that these big, powerful, very rich, very smart companies are going to be making massive contributions to communities, individual people within the community. And it's going to be really partnership. We talked about it. They're going to be forming partnerships with communities. They're going to have they're going to take something that people don't understand and they're going to let them understand it. But they're going to form partnerships within the communities that's going to be so good for the people.

You guys the midterms. You talk about that. Our candidates for Congress right now, the Republicans in the House, our candidates and our incumbents are out in their communities right now as we speak communicating on this. They're saying we cannot lose the race to China. We cannot lose America's edge because it's important for every American worker, every American family for their safety, security, the future, the economy. So, but it has to be a balance. You have to take the community concerns in hand. That's what all of these folks agree to. That's what the president articulated in the room today that you have to heed those concerns and you have to make commitments to them just as they're making as an industry. They will make it to the local communities. For example, we just codified about 3 weeks ago in the House. We passed with almost no dissenting votes the ratepayer protection act. That is a codification of President Trump's ratepayer protection pledge. They're guaranteeing that when they need energy resources for these AI infrastructure, super intelligence infrastructure systems that they will produce it themselves. They will put power back onto the grid in most cases. They're going to take care of the local communities. Trust is earned. It's not automatic. And they understand that they're earning the trust.

So what do you think?

Understand what Mike is saying. That means financially as well. You know, in Louisiana, you probably heard, they're having a big trouble, big problem with teacher pay, etc., etc. A company went in, I believe it's Meta in this case, and they're paying every teacher virtually in that either area or actually far beyond that area,

Richland Parish,

into the parish. They're paying every single teacher over $50,000 a piece. This is more money than they've ever seen.

AI endorsement, Mr. president to the FBI and the DOJ as you suggested. Isn't it too late then to prevent any damage?

We didn't have it very well assessed and we also remember this. We have the smartest people in the world watching over each other and we've done that. You had the smartest people. Look, I guess you could say different industries, but these are seriously high IQ people. You know, we used to deal with a lot of low IQ. These are seriously high IQ people and they're really watching over each other.

Thank you, Mr. President. On the com, you mentioned that you have all found some common ground, but the leaders standing behind you have had some very serious concerns about AI. Even after meeting with them today, you still calling this a hoax. So, why should the American people call a hoax? It's a very serious that's why I changed the name. A hoax sounds like, you know, when you're using the former name, but this name is now super intelligent. That's not a hoax. In fact, it's the exact opposite. What I am calling a hoax is what the Democrats do because they don't want to see it be successful because they think that's bad for Republicans. Okay? So they don't want to see this tremendous surge of growth. We have growth and by the way we have a lot of car factories opening. We have all the medical companies, all the pharmaceutical companies. Pfizer just announced, Merck just announced, they're all announcing. Everyone, they're all building massive plans, not just the SI, but what has happened and what's taking place right now is we have a level of growth that no country has ever seen before. We're going to have jobs like nobody's ever seen before. And you know, the numbers just came out. We have now the best poverty numbers, meaning the lowest number in terms of poverty, the best poverty numbers we've ever had. We have the best individual income numbers in the history of our country. We have the best crime numbers. We have the best crime numbers in the history of our country. And that's despite allowing 25 million people into our country through an open border of the Biden policy that could have destroyed the country. And we got the murderers out large numbers. We're getting the rest of them out. We've done a great job.

Just so you know, we have the most successful country in history. A piece of it is this, not all of it, because the car companies are doing better than they've ever done. The pharmaceutical companies, they're all building factories. You take a look at Eli Lilly, they're spending billions, tens of billions of dollars building plants for pharmaceuticals. Nobody's ever seen what's happened to our country. And what the Democrats are trying to do is stop it because they think it's bad politically for them. And on that they're probably right.

Quest, sir. Mr. President, is Iran, in your opinion, about to give up, about to concede, sir?

Well, they're doing very poorly. I don't know if they're going to give up yet, but they'll give up. But, they're doing very poorly. You know, we took more oil out of the harmless straight over the last couple of days than at any point in history, including long before we had the war to stop the nuclear weapon. And this is to stop the nuclear weapon. Iran will not have a nuclear weapon.

Yeah, this technology is advancing.

I do it. I think it's a good idea.

Mr. President, my friend from London,

Mr. President,

from London, a great British journalist here from Britain and the UK seems to want to use SI to control the populations and shut down on free speech. Do you see, thank you for the nodding, do you see this causing a problem between America and that part of the world?

No, I think maybe just the opposite. It's going to open things up. That part of the world has a lot of problems right now. They're not growing. They, you know, they're stifled. Europe is doing so poorly. And I don't like seeing that.

Americans think the federal government is not doing enough in terms of AI. What is your message to them today when you're saying there don't need to be anymore?

When you say not doing enough, our companies are dominating the world.

They think the federal government.

I know. I know. But they're dominating China. They're dominating every We want to keep it that way.

You said that cannot have a nuclear weapon, right? Why not North Korea can have a nuclear weapon?

Ah, that's interesting. You know why? Cuz you had a different president and they could have stopped him. He happens to be a friend of mine, Kim Jong-un. He's a friend of mine. He likes Trump. Doesn't like a lot of other people. He I'm about the only person in the entire world that he likes. And I like him. I get in a lot of heat when I say that. People say that's terrible. He does have a nuclear capacity. A large nuclear pretty large nuclear. Not like us, but he has a nuclear capacity. Kim Jong-un. And you know why? Because they had presidents that didn't do what I did.

Mr. President, that could have been stopped. You know that. But they had presidents that weren't Trump and they didn't stop. Mr. President,

as long as I'm around, he's going to be fine. Mr. President, Mr. President, Mr. President,

why? Because he respects me and he likes me.

Mr. Have you decided on an AI or a super intelligence star?

I'm very close to making a decision. Yes, Mr. President.

I'll be naming, I'd say, over the next three or four days. I want to check with the companies. I want to check with Mike and with John Thune and with everybody else that's involved. But we have somebody that's extraordinary. Mr. President,

Mr. President, what more can you tell us about the incident at Fairford in the UK?

I'm just disappointed that they caught terrorists. They did a good job and then they sort of let them go. I don't know. How do you let it How do you give bail to a terrorist? So, I don't know.

Was this Was this a long-standing investigation? a longstanding. We were involved in it. But in as you know, your fellow countrymen, they let him go. So,

well, they didn't let him go. They put him out on bail. I assume they have them watched closely. But these were serious people. Seriously bad people and they should not have done that. Yeah.

We discussed your meeting with President Xi with the tech leaders today.

We had a great meeting with President. A lot of respect for President Xi and they have a lot of respect for President Xi. Yeah. We discussed it in great in great detail.

President, thank you, Mr. President. What's your reaction to Republican candidates who are breaking with you, openly distancing themselves from you on issues like data centers, like immigration?

Well, look, I won in a landslide. I won all seven swing states. I won all the states that you talked about, I think out of the 22 areas that we're talking about where there's big contention, I won 21 of them. So, you have 21 and the other one was very close. In fact, a lot of people think I want distancing. So, just so you understand,

they all want me to go. I'm one person. They all want me to go campaign. I'm starting in about 2 days, I'm starting a literally a 32day tour going to all I'm going to Texas. I'm going to Ohio. I'm going to all different places. And as you see with Darlene, Lindsey Graham's sister is fantastic, by the way. She was behind in the polls. I went did a rally for her and now she, you know, she ended up being a very good politician, a great politician by a lot.

Those two candidates maybe have some leeway then to they need to be but they need to break with you on some much I don't think there's much difference. I think when Mike goes and I go and we explain that the data centers are going to make these communities a fantastic amount of money and individually make up a lot of money. I think they'll become very very

but there's a civil war in immigration. President Trump is standing for local communities and hardworking Americans and so are Republican candidates on the stump. There's no disagreement. What he's saying today, wait, what he's saying today is that these companies when they go in to innovate on behalf of the American people and on behalf of our national security and making sure we remain the last great superpower on the planet, they're also going to be heating community concerns. Every single one of them could come to the mics and tell you that that's their commitment. But as you know, candidates are also immigration point.

You know, we have a lot of things, but for the most part, I have to tell you, the Republican party is really united. We had a convention a couple of weeks ago that a lot of you said, "Oh, it's a midterm. It's never been done before. It's going to be a failure." And they put it against the NFL and we had 107 million views and the NFL had 25 million views. That convention was unbelievable. It would really successful. But look I would say generally speaking the Republican party is as united as maybe I've ever seen.

Mr. President,

they love me and I love them.

Go ahead, please.

Thank you so much. I'm so sorry. Can we just bring Daario to the front for a second?

Where's Dario?

Was the one who kind of

Dario is great

made this call for

whatever he says is okay. Be careful.

Slow down to AI. I just want to hear from you after this big summit where you are today.

Look, I mean I I will say what I've always said which is that AI has incredible benefits. I've talked about the medical benefits of the technology. I as the president has said, you know, whoever wins AI wins. I think that's very important. But I think the technology has very real risks and you know the mechanism how we address those risks is still under discussion. But we all need to work. We all need to work together to make sure that we can win. And we can win safely. If we if we do this right, we work with the president and everyone here. We can win safely.

Dario, do you think policing is enough?

Ahead of you. Hold it. Hold it. Hold. CNN fake news.

Do you do you think that selfing is enough? Follow up. Look, Dario has been fantastic. We had dinner the other night and he agrees with everyone. I mean, we all agree. Mark had a view that was, I think, really right down right down the middle. Mark, you want to discuss what you thought?

Sure. I mean, I can I can kind of summarize what I think we all signed today which is the the White House accord on on um on developing this technology safely. The basic idea is that we want to give the American people and our customers confidence that the technology works in the way that we intend. Right? know every company is building something that's a little bit different. You know, having one set of like standards for what is what everyone should want to build. Um people want to do some different things, but I think what we can all agree on is that the American public and our customers want to know that what we're building is working in the way that we all intend. So we drafted a set of of principles and commitments around building robust internal controls and detecting if there are any issues with the technology coupled with multiple layers of of auditing and controls starting with internal risk review, external auditors and evaluators and agreeing that we're going to have all of our boards of directors independently review the reports that come from the auditors. I think that these are good steps forward. The idea isn't that this is the only thing that we will ever do. It is that this is a start and an accord that the whole industry could come to and I was very proud to have that discussion with a number of our colleagues who I think are running great companies. Um you know it was sort of a a historic conversation. I don't think anything like this has come before and um I think this is a meaningful step forward. So thank you

is very important safe. We wanted all to be safe. this tremendous good we wanted to be saved and they're going to be watching over each other some you want to say

president uh first of all thanks Mr.

You have no idea who these people are these are the biggest people in the world you have no idea who the hell they are this guy is a monster and nobody knows what a great life to be a monster and not have to go through this walk

just all you have to know is Sundar Sundar is his name

hopefully a better tagline than I'm a monster but uh

Well, first of all, uh really proud to be here today as an industry. I think this moment is historic and consequential and I think there are extraordinary benefits to this technology. You can see it in the GDP growth we see. We have to make sure we are addressing the risks and the president has asked us as an industry to step up and we want to make sure we're putting our products safely and as Mark said we are signing up to a set of processes and controls

bringing those well-known best practices to the development of why the public trust Mr. trust that you can act.

You know why? Because they're outstanding people and they don't want anybody they don't want anything to go wrong. I mean, their companies are at stake. If something goes wrong, their companies are at stake. They're not going to let that happen.

Issues to humanity.

This is going to be all for the good and we're going to have it be nice and safe and they're really going to be policing each other and that's the way it works.

happening.

If you have information that national security is at risk with this technology, will you support then slow down of the technology?

I will let the world know about it. If I ever heard I would come out here and hold a news conference and I'd let the world know about it's not there is no risk to the national police themselves and

sir. I think um thank you very much. Thank you. I think the consensus today around that national security issue was being the leader in America in AI is the most important thing for national security. I think everybody agreed on it today. Winning the AI race is winning and we need to do that. That's the first principle. Second principle that was discussed all day today was putting the American people first in that race. I think everybody came together around those two principles today.

Can I ask you about ICE enforcement? Can I ask you about ICE enforcement? Cattle groups are warning that ICE crackdowns in Kansas are having problems about how you

That's right. for beef processing, MR. PRESIDENT. AND THEY'RE BRINGING UP PRICES. MR. PRESIDENT, any comment on your ICE enforcement bringing up prices?

ICE has done a phenomenal job in keeping our people safe. They've done a fantastic job in taking murderers, rapists, drug dealers, the worst people on earth. the worst the worst people all over the world. They got dumped into our country by Joe Biden allowing open borders where people came in unvetted, untested, unchecked, and they walked through our country by 25 million. And we've gotten most of the really bad ones out and the rest are going out. But these are murderers and the worst people in the world. And we've done one hell of a job. And you ought to talk to the Democrats. Why did you allow 25 million people, many of whom were the worst criminals, why did you allow them into our country? You disturbed our country. You hurt our country.

President,

Mr. President, did you take the opportunity today to urge these tech leaders to be more careful about where they put data centers to avoid resity?

Frankly, I want them built in America. There's some that will be built in right now Finland and other places. There's one going up in Finland. If we're not smart, they'll end up building data centers in other in other countries and those other countries will make a fortune and we won't. The data centers are making a fortune. But now what's happening is something very important. The people in those areas, and we discussed this at length today, they're going to greatly benefit financially.

Mr. President, but do you want them to stay away from home? Mr. President, do you want them to stay away from homes when they're building these data centers?

Yeah, I think I want them to be in the right location within a community. You know, if you look at Loudoun County, if you look at some of these counties, they're making billions of dollars. Taxes are going way down. The data centers are making an absolute fortune. But now, the people are going to benefit directly. Whether it's teachers that get paid a bonus, whether it's people that live in the community that get paid a dividend, you could call it a dividend because a dividend sounds right. They are going to greatly benefit by what's happened. The data centers are incred. And by the way, I'm very good at real estate. Some of those buildings are absolutely beautiful. They're big and they're, you know, big, strong, powerful buildings, but they're beautiful and they add greatly to a community. It started with a false narrative mostly by Mike I would say Democrats that data centers are bad. So data centers are bringing a tremendous amount of money into the community and the people now are going to benefit directly whether it's teachers or other people that live in

the risk of Chinese AI development overtaking the US. What do you think?

I don't think it's going to happen unless we're stupid and we force these people into other countries and that can happen. What did they tell you?

I mean, there's one gentleman that's in he happens to be building one in Europe because it was easier for him to do. We can't do that. We want them built in this country. We want It's massive income. People's taxes are going to go down. It's going to pay off debt. It's massive income. It's growth. You know the word growth? When I got elected, I talked about growth. This is growth like nobody's ever seen before.

People across the world are worried about their own job when it comes to SI and Mr. Musk has spoken about an age of abundance which sounds lovely but what about when people

Elon I didn't see you back there what are you doing so far back may we hear people

Elon go ahead you could answer that question about age of abundance

the future because people looking at this will be worried particularly laptop jobs what what are they going to do in ecosystem

thank you