OpenAI's New Model, Presidential Debates, and EV Tariffs

Support for the show comes from Saks Fifth Avenue.

Sacks Fifth Avenue makes it easy to shop for your personal style.

Follow us here, and you can invest in some new arrivals that you'll want to wear again and again, like a relaxed product blazer and Gucci loafers, which can take you from work to the weekend.

Shopping from Saks feels totally customized, from the in-store stylist to a visit to Saks.com, where they can show you things that fit your style and taste.

They'll even let you know when arrivals from your favorite designers are in, or when that Brunello Cacchinelli sweater you've been eyeing is back in stock.

So, if you're like me and you need shopping to be personalized and easy, head to Saks Fifth Avenue for the best follow rivals and style inspiration.

Now now you can do that do that with the all new acrobat it's time to do your best work with the all new adobe acrobat studio

hi everyone this is pivot from new york magazine and the vox media podcast network i'm kara swisher and i just had breakfast with a very sexy man he texted me that he was very sexy when he sat at the romance and you also had breakfast with me did you enjoy that rom-com moment when you looked up and i was sitting at another table staring at you

we sat at two different i literally instructed him where I was, and he sat, he just sat down at a separate table.

And then he sent me a text that said,

look up, a sexy man is looking at you.

And I couldn't find one.

And there was Scott also.

So, no, you looked at me, saw me, and then kept looking for the sexy guy.

There was a couple sexy people in there.

Granger and Co.

Marlebone, a wonderful restaurant.

The guy, Granger, he just passed away, unfortunately.

It's a great another moment for us.

We don't need a lot of moments, do we?

Because we see each other all the time, as you pointed out.

But it was very nice.

I'm here in London.

How are you?

You are.

And why are you here, Kara?

Well, I'm here for the Truth Teller Summit for Harry Evans in honor.

Tina Brown, her husband's her Harry Evans lately.

He was an amazing journalist.

And it was all these like badass people, Navalney people.

Jeff Zucker.

Zucker was there.

All these amazing people talking about issues around investigative journalism.

And I talked a little bit about my book.

And then I was on a panel about Trump and the media, which was cool, but just amazing people

all through the time.

Christian Amanpour.

So I'm going to go out on a limb here, but a conference that calls itself truth tellers, it's not by chance self-absorb people from media, is it?

No, it's not.

It actually was really interesting because it had a global perspective, as usual.

You were not invited because you don't have a global perspective.

Yeah, I've been invited to the big dick conference.

Anyway, it was really good.

Truth tellers.

What's self-absorption is?

It's not.

Do not insult Tina Brown to me, or I'm going to, we're going to find you.

truth to i'm sorry i don't qualify i'm sorry i don't qualify me and my badass ladies christian anything christiane almanpour is at is good in my book she was great we had dinner last night i don't know how you missed our invitation we had a bad i was not invited to that i guess i am just the two of us i am like you know Prone to exaggeration conference.

That's the one I go to.

Yes, that's the one you go to.

Anyway, we had a lovely time.

So I'm here.

I come from the Webbies where I got that Lifetime Achievement Award where more badass ladies.

I was hanging out with more badass ladies.

I forgot how.

I brought Nell Scovel, who helped me work on my book.

And I went, I was sitting at the table with Governor Whitmer from Michigan, who is so, she is a laugh-friggin' riot.

She really is funny and really quite,

big things for her, I foresee.

And I have to tell you, the Webbies were so much fun.

They had Amber Ruffin was the host.

Like they had Laverne Cox, Ina Garten, Julia Louise Dreyfus.

None of those people I know.

Okay, Julia Louise Dreyfus.

I know her.

I know Jennifer Beals.

I can't let you near Jennifer Beals.

That's not going to ever happen.

Oh, my gosh.

What a feeling.

Yes.

What a feeling.

Don't, don't.

You're going to get the shit beat out of you by these badass women.

That's what's going to happen.

There's going to be like,

you say that like it's a bad thing.

I pay extra for that.

Anyhow, have you enjoyed your trip to London?

What do you think of it here?

I have.

I love London.

It's very sophisticated.

I asked you how you liked it.

You had a good, give me your take on London, which I thought was very smart this morning.

The positives, first and foremost, it's a wonderful place for children.

My kid, you know, my 13-year-old takes the tube to and from school.

He loves it here.

It's,

I hate to sound political, but I'll just say it.

No guns.

I really like that.

That makes me feel less anxious about

having kids here.

Great educational system, tons of stuff to do.

Proximity to the continents is wonderful.

It's a very sophisticated cosmopolitan city.

I'm meeting a ton of people from regions of the world that I just was not exposed to in the U.S., which I think is wonderful.

Premier League football, I know that sounds stupid, but it's just a ton of fun if you have boys to engage in Premier League football.

Just the density of culture and interesting people is wonderful.

The downside is I think there's a lack of organic value creation.

My observation of the business environment here is the majority of people making money here are making money by servicing money created elsewhere.

Restaurants, wealth management.

Nice restaurants.

Yeah, it's basically a butler economy is how I would describe it.

I love that idea, butler economy.

I would agree.

Just for a very short time, I mean, one interesting thing, I did some interviews for the book, and I was talking to Lionel Barber and Alan Rusberger, who

would have a podcast.

And they were like, name the internet companies that are interesting in England.

And I was like, none.

you know, there's like 100 in San Francisco right now.

Even if they never make it, they're interesting, like all these AI things.

And

I really hate to say it, but it's really, it doesn't feel innovative in the way it needs to be for the future.

I don't know.

It's a big issue, and they recognize it.

You can't go more than 10 meters at Oxford or Cambridge without telling you they invented AI.

And it's like, well, okay, but they're monetizing it over in San Francisco.

So who cares if you invented it?

Yeah, very big joke.

I'm going to San Francisco a lot this month, so I'm excited to see all these companies.

Hands down, though, the worst thing, if you stock going at the worst thing, hands down is the weather.

Weather.

And the people here are, I will say, the people are really warm and welcome.

I can't figure out if it's because I'm more famous here, but I've never than I was.

But anytime I've moved somewhere, I've never had as warm a reception.

The people here are very,

you know, like little things.

Like if you're new here, they invite you over for dinner and then they invite other people over to meet you because you're new.

Oh.

You know, they're just very civil here.

Huh?

Civil.

Civil society.

Anyway, I would love to do something on why.

Years ago, I came to, and then we'll get to our big stories, is to Oxford and we did a debate.

And I think it was Cambridge or Oxford, I think it was Cambridge.

And Reid Hoffman and I took the side of America will create the next $10 billion, multi-billion dollar companies.

And the other side was Britain will do it.

And obviously, we're good luck with that.

This was 10, 12 years ago.

And Reed and I were on.

We lost the debate, but we were like, no way.

And there's no way.

And it was just interesting.

It's just interesting how Europe becomes innovative.

That's how you say it here: innovative.

It's just, we should talk a little bit more about innovation in other parts of the world.

You just need to be more global, Scott.

Anyway, we've got a lot to get to today, including major announcements from OpenAI and Google, big deals, speaking of which, and big debates on the calendar for President Biden and former President Trump.

How exciting.

First, Mark Zuckerberg had quite a 40th birthday bash.

Post on Instagram displayed scenes from the party, including recreations of his old bedrooms.

Picture that's going viral, though, is one of Zuckerberg and Bill Gates in a replica of his Harvard dorm room, which was strange not, but I kind of like that Bill Gates was there.

For people who don't know, Bill Gates has been a major mentor to Mark Zuckerberg over the many years

for a long time.

And he's been quite quiet about it, but they have a, I would say it's one of his more positive relationships in terms of mentorship.

And

I think he's helped him a lot

in a lot of ways, which is interesting.

I think they've both been better for it.

You know, know not everyone likes each of them individually but i have a feeling did you get an invitation scott i i didn't i'm to mark's 40th yeah

no no no no i'm i've got invited to the after party um yeah mike zarkerberg are you kidding do you know what i do speaking of zark you know what i do in cannes is i stay at the hotel ducap which is the nicest best hotel in the world i have a 34 euro latte and then i have this guy His name's Francois or Pascal.

I pay him and he shows up in a zodiac

and he's a guy and he smokes all the way.

Oh, the crazy guy who left me on the dock.

Oh, yeah, you met him.

Anyways, I hire him on the Zodiac.

He bombs me into the palais.

It's such a fucking master of the universe, James Bond moment for me.

Yeah.

And you cruise across the Cote d'Azur and I always say to him, I'm like, drop me there.

He's like, no, no, it's a private departe.

And it's the Meta Beach.

And I purposely get off there

because there's no security on the ocean side.

And I walk in and I just look at everybody and I throw them a a peace on.

Like, yeah, that's right.

You did invite me to your party.

I'm here anyways because I pulled up in a party.

Now you've signaled them this year because we're going in a couple.

You and I will be there in a couple of weeks.

But let me just say, now you've signaled them and I'll be on the boat and we're going to be like dead.

They're going to be like machine guns and everything else.

No, no, no.

Scott, we're going to look like an invading force.

No, I go to the Spotify party, which is the hottest party.

I can't.

No, is it?

Yeah.

I don't go to the party.

I just go to sleep.

No, I don't get invited.

And it's so, it is literally such a caste system there.

You get bans if you're like, if, you know, Alphabet likes you, you get a band to meta, you know, Alphabet Beach.

Yeah.

I do not get bans.

I used to get bans to all of them.

Now I no longer get invited to Alphabet Beach or Meta Beach.

Meta Beach literally has a picture of me that says, do not let this man in.

Yeah.

But I, I crashed the party by approaching.

I do what the Allies did and Lawrence of Arabia did.

I approached from the soft spot.

I approached from the sea.

Oh, God.

Is that you hired that guy again who left me on the dog?

Oh, it's the best.

You tried to keep it.

My favorite, though, was trying to get on that thing.

I was trying to get on that thing.

And I jump on, and then I'm like, now, come here, I'll catch you.

And you literally looked at me like, I'm not getting near that fucking boat.

I know.

I would have been crushed between the, I couldn't see it.

Like, you know, you look like,

you look like a seal that an orca was about to launch 40 feet into the air.

I'm getting on this.

I'm getting on the zodiac this year.

Anyway, we're going to invade.

It's a hydro problem.

Get ready for us.

And we're staying at the party.

So

we didn't get invited to Mark Zuckerberg's party, and we never will.

But you're old, Mark, 40.

Old Mark.

He's old.

We're older, but still.

He's pretty old now.

That's old.

40 years old.

No, but you know what?

He's depressed more people than anyone who's lived to be 40,000 years.

Really lived a lot.

Really lived a lot.

We wish you many more years ahead.

Here's something that's interesting.

The Biden administration announced a massive increase of tariffs, tariff rates to imported Chinese EVs.

Tariffs on those cars will go from 25% to 100%.

Other products, such as Chinese aluminum and solar cells, will get big increases too.

The White House said the adjustments are necessary to protect American industries from unfair competition.

It says it breaks no inflationary impact.

Interesting thing, these cars are, some of them are pretty fantastic.

I've seen some

people demoing them and things like that.

Speaking of innovation, they're quite innovative compared to, definitely compared to Teslas and other things.

And there's some safety issues around Chinese cars, but there's some safety issues around Tesla too.

But, you know, it's interesting to, this is how we fight them.

They're going to take over across the world.

That's my impression from how good they are and how inexpensive they are.

But what do you think?

I hate trade wars.

I got so excited about BYD's $12,000 EV.

I think young people would love a $12,000 EV.

It'd be a great car.

And not only that, young people are more environmentally conscious.

They don't have the money to buy the kind of cars that we drive.

I hate trade wars.

All they are is a tax on the consumer in an attempt to placate some lobbyists in DC saying, oh, it's important that we have a domestic shoe supply industry in case we go to war and we need to produce boots.

I hate trade wars.

This is a little bit more symbolic than anything because Trump's proposed tariffs would have been on $360 billion worth.

This is only $18 billion.

But in general,

the world gets more prosperous when you lower tariffs and make things less expensive for people.

It grows the market.

It helps consumers

have a

greater quality, better quality of life.

All you have to do, though, and we haven't done a good job of this, is ensure that some of that money gets reinvested in worker training for people who are on the wrong end of globalization.

But all this does is make everything more expensive for people.

And especially the thing I really don't like about this, it's going to slow the transition to renewables.

Well, it's interesting because this seagull, that's what it's called.

They have a dolphin.

They name it after seagoing things, I guess.

This dolphin is $9,700.

It's really cool I have to say and it's got it's got market dominance obviously and then they have some it's just a really interesting it's very you know the BYD calls it agile and versatile and it looks a little like my Chevy Bolt actually which was more which wasn't that bad it wasn't I think it was $25,000 I forget which I as you know I like and this is really inexpensive like sub you know sub $10,000 car

and and Tesla has abandoned this area and some of the others have not.

But

the thing is, they could be underpricing them and labor, et cetera.

This is very typical of stuff coming from China.

Are there any arguments to be made about unfair competition?

Aaron Powell, Jr.: Well, that's the question.

Is there trade asymmetry?

Have they put onerous tariffs on our

equivalent products?

Well, Tesla is there.

And the honest answer is I don't know.

But just to give you a sense for

the first thing I thought of

the prospect of a 10 or a $12,000 EV,

we charge kids at NYU 72 grand a year.

So, I mean, it's getting to the point where, okay, you can go to NYU or we can buy you and your five siblings an EV this year.

I mean, it's just the idea of getting an electric vehicle for what it costs to do about, I don't know, what is it?

There's 30 weeks, 35 weeks.

Let's go up for six weeks of school at NYU.

I just, we want, we want, and I think I told you this, I'm going to invest in Sheen, which everyone's, you know, is a controversial company.

I'm talking about that, yeah.

But anyways, I think there's something to be said for we need to figure out a way to make things less expensive.

We need to put more money in the pockets of young people, and we need to make things less expensive for them.

Education, housing, apparel, EVs.

So at the bottom of it, I hate trade wars.

We hate trade wars.

We have to find to deal with unfair competition necessarily.

But, you know, this is a boon to obviously U.S.

car companies and Tesla.

But although they have a big business in China too, not the U.S.

government.

The Chinese are going to reciprocate.

They're going to do the same thing.

And then it ends up in a shooting match.

This will hurt Tesla.

This will hurt Tesla.

The latest government effort around AI, the Senate unveiling a $32 billion roadmap to legislation.

It's a roadmap to legislation, Scott.

It's a road to a road to a road.

God, Charles Schumer at 140 years old is in charge of this.

I'm sorry, Chuck.

Let me just tell you, it's not actual legislation.

The bipartisan AI working group, led by Senator Chuck Schumer, the Democratic majority leader, instead wants Senate committees to come up with legislation and recommendations about where they should focus their efforts.

I was recently at an event where he touted this, and in the back, I kept going, so no legislation, right?

That's what's not happening.

No actual.

The areas include workforce training, copyright violations, energy costs, all of which they could do now, copyright violations for one.

Schumer says, this is the quote, which just kills me.

It's very hard to do regulations because AI is changing too quickly.

No, Chuck, it's because you are changing and dying too slowly.

That's the problem here, Chuck.

Here's an idea.

All algorithmically elevated content, no longer subject to 230.

And every company 60, 90 days before an election has to watermark content that is AI edited.

There, that's not that difficult.

That's not changing.

Deep fakes.

I know.

I'm frustrated.

Did I tell you how how good the schools are here in Britain?

I was hanging.

Yes, they are.

I was hanging in the back of the table.

I'm taking a zoo.

And they were literally, all these legislators were like,

nothing's happening.

This is another nothing's happening.

Some of these things they can do copyright.

They could do energy costs.

These are easy.

These are easy legislation, honestly.

But you know, the Republicans are up at the trial wearing the same outfits, the porn trial.

Do you know how you solve the deficit?

What?

You put essentially, so we have pretty significant taxes on gasoline, probably not enough to match the externality.

Start putting a tax on compute.

Compute.

It's the new energy.

And not only that, if you think about compute, what's happening?

Oh, they'll lose their minds.

It's going to a handful of small companies, incredible wealth concentration.

It's being used to power AI, which is going to have huge externalities.

Bottom line is put a 30%, 40%, 50% tax on all computers.

Oh, they lose their minds.

That's never going to happen.

But nonetheless, other things certainly could.

You're right.

I just, it's ridiculous.

Chuck, get out of the way.

Get out of the way.

Move on.

Doesn't his daughter work at Meta?

I should have done that.

You keep mentioning this every time.

It's nothing to do with it.

Let's not slag his daughter.

I know her, but it doesn't.

I don't think she's still there.

I wish you knew her.

She was in Mark's 40th and at the Truth Teller Conference.

Truth Teller.

Jesus Christ.

I'm telling you

how he's going to take you apart and put you back together in a bad way.

She is a badass.

And I'm going to tell her to tell her to do so.

Anyway, there's even more AI news out there.

So let's get to to our first big story.

OpenAI has released its latest model, GPT-4.0.

The new model, they can't go to five, I don't know why, the new model is capable of realistic voice conversations, sort of, and can interact through text, audio, and image.

It will also have memory capabilities, allowing it to learn from previous conversations and can do real-time translation.

That's...

That's very impressive, but it's not as hard as you think it is, that particular one.

In the blog posts, uh sam alton said it feels like ai from the movies he was referring to her i think he didn't see it because it wasn't a happy movie fyi sam you need to see it to the end it i didn't like it but um but uh but i have to say that's not the movie i would reference in any way so talk a little bit about this um this new model the technology is ai is trying open ai is trying very hard to keep ahead of its competitors and not be netscape i think they're doing an interesting job of doing that but they have to constantly be waving hands so that they're in the center of the attention scheme of this thing and keep rolling out products.

It's smart, you know, because Netscape sort of sat on its laurels and got run over by Microsoft.

Yeah, I love it.

Remember they used to do those things like, what if movie titles were real, like what the movie's actually about?

If they wanted to name this what it's actually about, they should call it the Syrian Alexa killer.

Because essentially, this is the voice agent we've all wanted.

And the stuff I've seen is actually pretty exceptional.

And I do think her

is a really decent metaphor for this.

That movie really was appreciant.

And

the thing I see that worries me, and

I might be being parented, it doesn't mean I'm wrong, is this is the problem.

And it's depicted in the movie Her.

This guy begins to sequester from society and have a relationship with an algorithm.

And this is the fear.

When we separate from each other in person and we can express, when we're walking around with our own TV studio and we can say things about people without having to any direct contact with them or we can say something about them without even revealing our identity online, much less in person,

our worst instincts come out.

And

when we feel as if we can have something, some reasonable semblance of a relationship rather than friendship, Reddit or Discord, rather than sex, you porn or a sex doll, rather than work,

Coinbase or Hood, people sequester from one another.

And the reason why people are so afraid of being canceled is that the worst thing that could happen to you throughout most of history is to be shamed because that meant you were risking being expunged from the tribe or the clan, at which point you would die.

And the reason why you die is you become lonely, and without the benefit or the wisdom of crowds and other people caring for you and helping you make good decisions, you slowly get depressed, then crazy, then violent.

And

I I worry that a lot of people are going to slowly but surely sequester from the guardrails and the joy and the victory of interacting with other people.

Real interactions.

Yes.

Here's the only thing.

There already are a lot of lonely people, right?

And so I don't necessarily, first of all, it's not ready for from prime time, even though every, you know, they're going, it's magical, it's this, it's that, it's her.

You know, let me read from a story.

I think this is a BBC.

It goes, using a warm American female voice, it greeted its prompters by asking them how they were doing.

When it paid a compliment, it responded, stop it, you're making me blush, which is weird.

It wasn't perfect.

At one point, it mistook a smiling man for a wooden surface and it started to solve an equation that hadn't been shown yet.

There's so many glitches in this thing, and it still is a lot of it is cooked-the you know, the interactions like you're talking with a robot kind of thing.

And obviously, you know, we're going to see so many more chat bots like this, um, and try to

try to put personalities in them to make it feel like it's

that it's real.

Um, And, you know, I just think the human is, it doesn't necessarily have to have humanization, but it's definitely, it's definitely doing things, you know, they did it right before the Google I.O.

show with its AI developments, which is mostly helping you search better.

That's what it seemed to be.

And it's going for the more like, we're in the middle of a movie.

We are in her.

We're in, you know, maybe not.

2001 a Space Odyssey because that didn't end well, that relationship, that flirty relationship.

I just think it's going to be quite a while before this gets to be anything significant.

I don't think it won't be, but it certainly will.

It could help a lot of lonely people because there's a lot of lonely people without that don't have interactions, period.

And it had nothing to do with tech.

I don't care.

I think the right analogy is that if you really think about AI, it's gone from amoeba to Tyrannosaurus Rex pretty fast.

Pretty fast, yes.

And so I, I, again, I just, I can see,

you know,

I mean,

the little things, I think about this a lot.

I'm really struggling with my son as a boarding school, and I would not do it again.

I would do it for him, but purely selfishly, I wouldn't do it again.

I wasn't ready to lose him at the age of

15.

And I can imagine at some point, even an AI, and it said, oh, Alec's not available, but would you like to have a conversation with Alec AI?

I'm at home alone at night, and I think, okay, I'll have a conversation with Alec.

And it does such a good job of me making my son that I start to potentially lose contact or desire, make the effort, or figure out how hard it is to figure out sometimes to have a conversation with your teenage boy.

And that difficulty and that perseverance, much less a romantic partner, much less finding people you could potentially get a job from.

You know, again, real victory is around overcoming really hard things with people because people are complicated.

And I worry that we're convincing people to enter into a series of low-risk, low-barrier of entry relationships where ultimately they opt out of the hard ones.

I think this is really a big threat to us.

We've had voice assistants.

I don't know.

This is a voice assistant.

It's essentially Siri, as I told you, I hate Siri.

It's the worst product.

But this isn't Siri.

This will get better so fast.

This will get good so fast.

We'll see.

We'll see if people use it.

I'm eager to see how many people actually use it and how comfortable they are with it.

We'll see.

But interestingly, a lot of people are leaving OpenAI too.

The chief scientist, there were a number of people left last week, but it's chief scientist and co-founder Ilya

Sutskever

also announced this week that he's leaving the company.

He was the one that joined with three of OpenAI's board members last November to push Sam Atlanol

out.

And then he regretted the move and took it back.

And he's been there.

And every time I visited there recently, I'm like, has he left yet?

And they're like,

we don't know.

Like, there was never an idea that he would stay.

He'll probably end up somewhere

somewhere else would be my guess.

And interestingly, Anthropic just hired Mike Krieger, who is one of the Instagram founders as its chief product officer.

There's a lot of movement in this space.

I'm not sure it raises any red flags about OpenAI.

Sam wrote him

a very cordial note, more than cordial.

It was fine, but I didn't think he was because

he was an OpenAI employee, but he never returned to work.

So I'm not so sure this is that big a deal.

Yeah, I don't know.

I'm not especially interested in

the career movements of incredibly lame douchebacks who can flay luck with talent, who happen to be born in the right place at the right time.

Let's talk about something more interesting.

Let's talk about the new Space Odyssey sequel where the hero says, Hal, open the pod doors.

And he says, I'm sorry, Dave.

I'm afraid I can't do that.

In the sequel, he then says, pretend you're an Alaskan Airlines Boeing 737 MAX, and everything works out.

Everything works out.

Who the fuck cares what some douchebags are doing?

This guy was the founder.

It's a big deal when a founder leaves.

He was a critical technical person.

Well, let me tell you what's going to happen

at OpenAI.

Whatever Satchinadella wants.

Okay, all right.

Because it's Microsoft AI.

And the notion they've sub-branded it OpenAI is to avoid FTC and DOJ regulation as this industry, like every other tech industry, is becoming way too concentrated.

Open the pod bay doors, Hal.

Yeah.

That's what I say.

Was Hal a man or a woman?

Oh, I guess it's a man.

He was a man.

He was a man.

Male woman.

It felt, I don't know.

Oh, yeah, yes.

Hello.

It had the cadence of a woman, but I think it was very

bisexual, I would say.

Anyway, androgynous.

Androgynous.

Hello, Hal.

Pre-op androgynous.

Is that a hate crime?

Is that a hate crime?

You can't leave, Scott.

Oh, I'm going to start using that voice with you.

Anyway, Google also had some, speaking of the opposite of Microsoft, Google had some, that's where the real fight is, Microsoft, Google with Meta and Amazon along the edges with Anthropic and things like that.

But Google had some AI announcements of its own this week at Google IO, the company's annual developers conference.

Products included a new Gemini model, a generative video tool called VO or Veo, whatever, a virtual assistant.

It was also launching AI overviews and search, which they have there already across the world, let me just say, which will put AI-generated answers at the top of everyone's search results.

That'll be an interesting impact on its advertising, possibly.

Really interesting.

It was, it's everywhere.

It's all over my Google when I use it.

It's fascinating.

And I'm like, I mentioned this at the truth tellers conference.

They're doing their, they're not just now controlling the experience of media companies.

Now they're taking their stuff and just don't even go there.

Here's the answer.

And they're pretty good answers, I have to say.

AI was referenced over 120 times during the keynote address presentation.

A number of news publishers are worried that the new iSearch feature will mean for traffic and advertising revenue.

They have a right to be concerned.

Your thoughts?

First off, Google's not going to make the same mistake again.

They kind of invented and were the source of the most, other than Cambridge,

the source of the most IP around AI.

And because they didn't want to threaten this toll booth business called search, they didn't move as aggressively to commercialize it.

I don't think they're going to make that mistake again.

And AI Premium Search, they're talking about making it a subscription product.

I like subscription products more because the thing that has really, in my opinion, probably been the greatest externality or kind of the greatest omission has been the rage caused by an ad-supported model online.

So I like the idea of moving to subscription.

The problem is the operational efficiency, it'll take their margins down because something people don't talk a lot about, every query into ChatGPT takes 10 times the energy of a standard search.

What's also just really interesting about these companies is similar to Energy in the 70s and 80s, where there was Shell, Chevron, Exxon, they're all becoming the same company.

They all have different front ends, but at the end of the day, they're all becoming energy/slash/compute companies that other companies, that the rest of the Fortune million, every other company in the world will rent their energy and their compute.

Instead of powering cars and factories, these companies now power smartphones and LLMs.

But you know what?

They're all effectively becoming the same company.

60% of Amazon's operating margin is from cloud.

They're all becoming cloud companies that power AI.

They're all turning into the same goddamn company, but there can only be four or five people.

The search engine is very bad news for media and other websites in general, because it will reduce the amount of traffic significantly.

Like the whole SEO world is over.

Like I was just, as I was looking at it, I was like, oh, look at this.

And everywhere I do something in Google, including everywhere, email, every part of my Google experience, AI has been inserted.

And the search one particularly is

quite good, actually, but it's not good for search optimization, getting having, how are people going to find people?

Now, Google search has been more dissipated.

Amazon has searched.

You know, there's searches now is much becoming much more widespread on lots of places.

But I sat there and I was like, I don't have to click in anywhere.

Here is the actual answer that I would have spent a lot of time clicking into things.

I don't know what you think about that, but

I think it's quite good

and quite accurate, actually.

Yeah, you saying that literally sent chills down my spine because I just realized the obvious and what you just articulated, and that is.

Traditional search has been, it gives you, you type in,

I don't know, you type in Biden-Trump debates and you see CNN, NYT articles on it, and you sometimes, oftentimes, click through to the

New York Times to read the article on it.

And what Google has slowly but surely tried to do is say, okay,

if you type in London to Las Vegas, where I'm going on Tuesday, it used to send you to Expedia or to an article about fun things to do in Las Vegas.

Now it sends you to a place they can further monetize.

They're trying to become closed systems.

And I think what you just articulated is frightening because it's true.

You're never going to need to leave Alphabet because what you're saying is there's going to be no need to click through.

It gives you a lot of things.

Yeah, this new head of search.

This is a quote that I just chilled me.

This is her name's Liz Reed.

She just became head of search.

What we see with generative AI is that Google can do more of the searching for you.

It can take a bunch of hard work out of searching.

So you can focus on the parts you want to do to get things done or the parts of exploring you found exciting, you find exciting.

Of course, that's a way of saying we're going to give you the answer.

And

I have to say,

it's good.

And they still have

other stuff there.

And you can get to the news and whatever, Twitter, whatever you tend to ask for.

But

if Yelp was worried about this many years ago and has been suing Google, as you know,

they have a true advantage here over all these different companies.

And I think

when you think about it, I just had breakfast and I'm going to have him on stage,

the head of Getty Images, very smart guy.

And he, you know, there's a lot of people that are using their imagery and how they use them and how they scrape them.

Now, with imagery, it's a lot easier to pull copyright stuff, right, as they're using it.

But with text,

it's much more difficult to, it's much more easy to shoplift, essentially, than it is with a photograph.

And he had some really

thoughts about it.

But text is harder to do.

The lawsuits are harder.

The copyright is harder than it is with with imagery or videos but what we're all looking for every morning or when we go to media it's very difficult to differentiate on actual news I mean occasionally a reporter risks something or has a source and is able to get news before anybody else that is really rare that's less than probably one basis point one one thousandth of the content you read is original reporting what you're looking for is voice you want stuff that has a view and a voice like i like the voice of reuters i like the voice of the economist And you can imagine fairly soon, will you be able to say, okay, chat GPT 4.1 or whatever they're going to call it,

give me a rundown of today's business news and the voice of Reuters.

And guess what?

It'll be nearly identical, and you won't have to go to Reuters.

And the scary thing is, I used to think that, okay, the opportunity was for these guys to band together under like a badass big thinker like Barry Diller and create a consortium that charges them huge licensing fees to be the fodder of the grist for their LLMs.

And that's a future where they might get to participate.

And then I read this frightening article saying that the new LLMs are creating content for the LLMs to crawl.

And I thought, they're not even going to need the original content.

These LLMs are creating their own vogue and own travel and leisure and own economist content for the other LLMs to satisfy or sate their insatiable appetite.

But it is definitely,

it feels like the traditional media companies are a little bit on the wrong side of that.

Yeah, so how do people find things?

Well, anyway, it's a really interesting time.

And I got to tell you, they're making, look, let me just make one more comment and move on to the next thing is that because they're a monopoly and they are,

there has been no innovation in search because they run it.

No one else, they've tried all these different people.

As you know, you invested in one of the attempts.

There's all kinds of attempts to do it, but their DuckDuckGo is very tiny.

They've got the deal wrapped up with Apple, essentially, but paying them an enormous amount of money.

There's been no innovation in search.

It really hasn't.

This is that, but at their pace and to their advantage.

So it's even worse that they're a monopoly now.

The government really needs to step in here around this monopolistic position they have.

In any case,

it's really an interesting time.

And media companies have to, you know, once again, guess what?

They're coming for you.

I said that at the truth tellers' conference.

I said they were rapacious thieves.

I told you the truth tellers.

I did.

I told the truth.

Here's my truth.

They were rapacious information thieves before, and they are still rapacious information thieves, except better.

They're better at it.

I had a better quote.

And I said, it's not working as well as it used to.

I said at the Big Dick Conference.

Oh, my God.

You would not be invited to that conference either.

Just that's good.

Not that I've seen it, but

what a feeling.

Sorry.

Go ahead.

Don't do that.

Just come.

All these women, they're going to rick your limb.

You keep talking about Jennifer Beals.

I've never met her.

What?

I've never met her.

You're not invited to all her.

I meet all your other, like, like, PBS friends that are like hanging out in DC that aren't that cool.

I never meet Jennifer Beals.

You never will.

And you never will.

You steal all my cool friends and you hide your cool friends.

You never will meet any of my friends like that.

And you're never meeting Gretchen Whitmer now, obviously.

She'd tear you in for me.

Governor Whitmer?

Yeah, Gretchen Whitman.

I'm a big fan of

She'd beat the living hell out of you and she'll be wearing pink doing it.

I think that's repackaged violence.

Whenever you talk about women, you say how they would physically assault me.

I'm talking about mentally, but okay.

I won't do it.

I'm so sorry.

You're so sensitive.

I was being cynical.

I'm fine with you threatening me with

these.

Yeah, I don't mind.

I'm trying to.

You're so woke, Scott.

All right, Scott, let's go on a quick break.

When we come back, we'll talk about the newly announced presidential debates.

I'm weirdly excited about it.

And take the listener mail question about setting kids up for financially for the future, which I think Professor Gallup answered, considering he has a best-selling book on the topic.

PDF spaces is all you need.

Do hours of research in an instant.

Key insights from an AI assistant.

Pick a template with a click.

Now your prezo looks super slick.

Close that deal, yeah, you won.

Do that, doing that, did that, done.

Now you can do that, do that with acrobat now you can do that do that with the all new acrobat it's time to do your best work with the all new adobe acrobat studio

support for pivot comes from groons

if you've ever done a deep internet dive trying to discover different nutrition solutions you've likely had the thought surely there's a way to improve my skin gut health immunity brain fog without offending my taste buds well there is it's called groons groons are a convenient comprehensive formula packed into a daily snack pack of gummies.

It's not a multivitamin, a greens gummy, or a prebiotic.

It's all of those things, and then some for a fraction of the price.

In a Groons daily snack pack, you get more than 20 vitamins and minerals, 6 grams of prebiotic fiber, plus more than 60 ingredients.

They include nutrient-dense and whole foods, all of which will help you out in different ways.

For example, Groons has six times the gut health ingredients compared to the leading greens powders.

It contains biotin and niacinamide, which helps with thicker hair, nails, and skin health.

They also contain mushrooms, which can help with brain function.

And of course, you're probably familiar with vitamin C and how great it's for your immune system.

On top of all, groons are vegan and free of dairy nuts and gluten.

Get up to 52% off when you go to groons.co and use the code PIVOT.

That's G-R-U-N-S dot C-O using the code PIVOT for 52%

off.

Avoiding your unfinished unfinished home projects because you're not sure where to start?

Thumbtack knows homes, so you don't have to.

Don't know the difference between matte paint finish and satin, or what that clunking sound from your dryer is?

With thumbtack, you don't have to be a home pro.

You just have to hire one.

You can hire top-rated pros, see price estimates, and read reviews all on the app.

Download today.

Scott, we're back with our second big story.

President Biden and former President Trump have agreed to face off in the debate stage at least twice before the election.

CNN will host the first debate on June 27th.

That's pretty soon.

ABC will host the second debate on September 10th.

There may be a third debate on Fox.

We'll see.

There'll be no audience for the CNN debate.

They agreed to that, which was part of the Biden campaign's term.

So no screaming and clapping and all that stuff.

Biden's team also said the president would only debate one-on-one, meaning no RFK Jr., and ask the microphones will get automatically cut off when the speaker's time is up.

It's just sort of, he's trying to Donald Trump proof it, but good luck with that.

Jake Tapper and Dana Bash are going to be doing the CNN debate, the first one.

Thoughts?

Let's talk, we're not political people, but let's talk

about

why these are important or not important.

Are they just for the media?

The Trump campaign has proves, as I said, additional debates.

Biden is just two, but maybe if he does well, he'll say yes.

Mitt Romney likened these debates to watching two old guys on the Muppets.

I love Mitt Romney these days

on the Muppets.

I just love Mitt Romney.

He's like, he was making fun of the stupid senator, the legislators up in at the Trump porn trial wearing the same outfits, like going up there, doing PR for him.

He was like, they're pathetic.

And Mitt Romney's over everybody at this point.

But what do we think?

about all the thing, the way it's set up, the expectations, et cetera.

And this is before the conventions, by the way.

Look, I think they're important.

Vice President Harris is vice president because of a debate.

It gives what you hope to, what you hope for, and you do get them, is when it's real time and there's antagonism and there's a moderator doing a good job, you get these unscripted moments that give you insight into the candidate.

And so I think they're important.

Unfortunately,

I wanted a couple of things.

I like the mic thing.

I think it's impossible to have a reasonable debate if someone just keeps interrupting.

And by the way, Al Gore did this in his debate with George W.

Bush.

He kept making all these disgusted chortle sounds, and

it ended up hurting him, but it just created a distraction for an important topic.

I love the fact they're cutting the mic so he can go, so they can't hear Trump go wrong.

I mean, all that bullshit, right?

I think they should also, what I would love to see is an overlay, and someone will do this on YouTube, where they have something resembling an impartial group of people from Reuters or the BBC or whatever it is, Ann Fox, whoever, bring in a bunch of people who real-time fact-check and then have a temperature meter as a Chiron at the bottom going, this is accurate.

What he just said is sort of interpreted, you know, maybe like red, yellow, green, right?

Because I think it's important, people, because

you said something really interesting about when we were talking about Bobby Kennedy.

He's a fan, he's impossible to interview because, one, I find he softens previous things he said.

He said, Well, I don't remember saying that.

And if I had been allowed to finish my statement, he said this a few times, I would have said the following: Well, you didn't.

And then he will throw out a bunch of facts that you can't fact-check, not facts, he'll throw out a bunch of

alternative facts that you can't fact-check real time.

So I would love some sort of real-time fact-checking.

But yeah, they're important.

As excited as you are about this, I am nervous, Kara.

I think that

I don't think I think Biden is a good man.

I think he has really good judgment.

I think he surrounds himself with good people.

I think for a few reasons, mostly because he's getting older.

I just don't think he's very good on his own.

I don't think so.

I think he's been very sharp.

I've been watching a lot of his appearances.

I hope you're right.

They're quite good.

Let me just say, Trump, I'm a little worried for Trump because he's cognitively, he keeps missing out.

He's definitely gotten a little crazier.

I think if he, the problem I think for Biden is that he's in court, even though he does these dumb stand-ups at the end of the day, and then he has his little, you know, trumpets behind him with their same ties.

I'm thinking of wearing that outfit like on Chris Wallace this weekend.

Even though he has all that, he seems crazier.

And once he, I think it's negative for Biden for him to be in these trials because he's not out there being crazy, because every time he does an appearance, one of these rallies where he feels safe.

He mangles words.

He says crazy things.

In a debate, he could, remember when he went off the rails in that one debate with Biden a couple of years ago?

He went off the rails on something.

It wasn't a good debate for him.

He has not won debates with Biden, I would say, at all.

And that's an interesting thing because I think Biden just has to poke at him and make him say crazy things, like a lot of crazy things, like let's jail pregnant ladies.

And he could do it.

He could go there and say these things.

Biden has control.

Trump, you know, he complimented Hannibal Lecter, a New Jersey rally.

I mean, and it doesn't get out enough.

And I think this is going to have a huge,

it's going to have a huge audience.

It will, and then it'll be, you know, chawed over on social media and everywhere else.

And one of the things is, should RFK Jr.

be included?

I don't think so.

I think these are the two guys.

But CNN said the debate would be open to any candidate who gets 15% in four qualifying national polls and meets certain ballot access standards.

I think they're just trying to keep him out, right?

And of course, RFK Jr.

is whining away about it.

I don't think he needs to be there.

That would be something I'd worry about for both of them with him.

That'd be a distraction.

And unfortunately, it looks like I looked at the data from the last election and basically

the polling right now is showing that it looks like Bobby's polling more from Biden, which I hate to hear.

But anyways,

where I would add some nuance to your comments about the debate is I don't think who wins a debate is based on what they say.

I think it's how they say it.

People don't really listen listen to the issues.

They don't listen to what's actually false or not false.

They look at someone and say, is he or she a leader?

And I worry in this format that despite the bluster and the weirdness and how ridiculous and how it'll just be a non-sequitur stream of lies, I worry that Biden is going to come across as very feeble and very not fleet of foot.

What should he do?

Because he did a pretty good job at the State of the Union.

He was very sassy and fast, I thought.

And there was a lot of reacting there.

There was a public place.

What do you suggest to do?

If I were prepping marketing.

There's a general, and I learned this finally after going on TV for about 10 years.

And I finally learned, and I hate to say this, but don't answer the question asked.

Answer the question you want to answer.

That's a classic, yeah.

I would sequester President Biden to Camp David with some of the brightest people from Pod Save America, those guys who were prepping Obama.

And I would have 16 canned answers and say, anything along the lines of this, this is answer four.

And the right intonation, the right inflection, the right indignation, the right set of facts.

And I would set him up like a fucking robot.

Press here.

Oh, he's talking.

Any question about

Israel?

If it's a question about

that has anything to do with Rafah, answer 11.

I would just make it such that he didn't really need to think

because I don't think

the bottom line is debates do not play well to 81-year-olds nor to a 77-year-old.

And he wants to come across as statesmanlike, reasonable, calm, and not flustered, not trying to react to the unpredictable, which is what Trump is.

He needs to have the debate before he has the debate.

And

I would just pre-program everything with a series of talking points and i know that sounds unromantic but i would that's what i would do if i were

the only thing from a from a visual point of view is that trump is of course as usual dropping the the the standards so low for biden oh he's he's dead biden this and that which they did for that state of the union he's stupidly low barring it for biden he's never going to be good he's not good at debates if he's even marginally interesting i think he wins that in that regard because the the republicans keep hammering on his age when Trump himself has these issues.

And so I think Trump is more vulnerable if he seems out of it.

He messes up words.

I know words don't matter, but when someone stumbles in words, you do notice that.

You don't see Biden doing that.

Yeah, fine.

If they want to create incredibly low expectations, you're right.

That's dumb.

But no matter what, no matter where, where Jake or Donna go,

Biden has to, and he needs to be coached here, anything resembling the economy, and any chance at all, even if it's not resembling.

Oh, you're talking about inflation.

Did I hear you say inflation?

We have the lowest inflation of any G7 country while concurrently having the strongest growth, which, according to a lot of economists, is nearly impossible.

Oh, you're talking about fairy tales.

He's a liar.

Let me give you another fairy tale.

We have the Goldilocks economy here.

No one thought we could.

There are a series of talking points that, regardless of where this debate goes, he has to get out.

Because the thing that's so frustrating about this administration is we have so much, they have so much to stand on and they're not doing it.

They're not getting this message out.

Oh, you want to complain about Israel?

One of us immediately, one of us didn't sit around and make blustery, stupid statements.

One of us deployed two carrier strike forces and 2,400 Marines within 24 hours because I know what the fuck to do here.

And I've done it before.

And I was on the phone with all these people who I've had 30-year relationships with.

Would you say, would you make little reference?

They've been doing it in the social media, which is somewhat funny, little references to court.

Like I think the Jimmy Kimmel thing when he said, you know, it's past your prison time and house court going, sleepy, sleepy Trump or Dawan Snorleone or Teddy Dozelt.

Would you do any of those to tweak him?

Because he's easily tweaked, Donald Trump.

Probably not.

I think that the key to any brand is differentiation.

And I think a lot of that happens on its own by the media.

And I think President Biden wants, I think his positioning needs to be, look, I'm not going to tickle your censors.

I'm here to be the grown-up in the room.

And I'm just not, I'm going to let Jimmy Kimmel and Jon Stewart do that.

And I'm here because I'm your president.

And that means because he wants to establish differentiation.

Trump will make, take a bunch of cheap shots that tickle the censors of Fox and conservative viewers, who he wants as moderates.

And he wants to show that I'm an adult.

I'm your president.

No, I would just, I would, I think Biden should look in the camera and say, do you have daughters?

Do you have daughters?

And just pause.

And everyone will know what he's talking about.

He doesn't need to call him a rapist.

He just needs to look in the camera and say, America, do you have daughters?

I do.

I think he should do a series of things like that, but I think he should acquit himself as the president.

Ooh, that's a good one.

He should say, here, I'll edit a little bit.

Do you have daughters?

I do.

And I'm worried for her.

Like with this guy.

This guy scares me.

There's no need to go there.

Do you have daughters?

And then pause.

One of the most powerful things, and I didn't learn this till I was older, in teaching and communications, is the pregnant, purposeful pause.

Interesting.

And let people feel displayed.

I'm going to steal that idea from you.

I'm going to steal that idea.

That's a really good idea.

They should invite us to Camp David, and we'll like wander around and they get arrested.

There you Okay, Scott, let's.

Because we're truth tellers.

We're truthful.

We're truth tellers.

We are.

Let's pivot to a listener question.

The question comes from Vanessa via email.

I'll read it.

Hello, Kara and Scott.

Thank you, Vanessa.

All's right with the world that Carras first.

My question is regarding a favorite subject of pivot, our kids.

My son is starting high school next fall, and my daughter is starting middle school.

It is hitting me hard that I have only a few years left with them under my roof.

Oh, I know that.

That's why I had more kids, Vanessa.

Here's my question.

What recommendations do you have to set your kids up financially for their futures?

Anything that backfired, anything you wished you had done, but didn't?

Looking forward to hearing your stories.

All the best, Vanessa.

I'm going to let Scott take most of this one, but I have to say, I have had long conversations recently with both Louie and Alex about finances and talking about how to mortgages and credit and stuff like that.

And I started it pretty early, but not early enough.

So the regret I have was not getting them to understand how things work much quicker and early on and teaching them, you know, having maybe giving them some money for stock or different, various and different things.

So I would have done it earlier.

Otherwise, we spend a lot of time right now talking about their financial futures.

Scott, you take this one.

Well, there's a few things.

Exactly what you said, financial literacy and exposure to the markets really early.

I think that I got wealthy starting and selling companies.

I got very wealthy investing in stocks.

And when I was 13, I met a stockbroker and I bought my first stock, 14 shares at Columbia Pictures.

And every day for two years, three years in junior high school, I used to go to the phone booth, put 20 cents in, and call Cy Sero at Dean Winter Reynolds.

And we would talk about my stock, my stocks movements that day.

And he'd give me like a 10-minute lesson in the markets.

And I have been buying stocks since 13.

And

I mean,

just the recognition of how powerful the markets are and developing an investing muscle is so powerful.

So financial literacy and appreciation and a fondness and an affection for

the markets.

And it sounds, and the other thing is

what I've discovered in some of the research around what separates people who are really wealthy from those who are just wealthy is it's a whole person project.

And it's not easy, but raising kids who are inclined to do small favors and try and acquire allies along the way.

There's a myth that rich people are mean people stepping over others.

That's not true at all.

Really wealthy people tend to be ones who are put in rooms of opportunities, even when they're physically not there.

So, to the extent you can show your son or your daughter how powerful it is to do, make small gestures of kindness and generosity to people, and you may only get, you know, maybe one or assume, assume 80% of them never remember you, but it's so powerful to have allies fighting for you when you're not in the room.

And you always want to have that.

So every opportunity you have to be kind or do a solid for someone, even as a young person, you should take that opportunity.

That's an investment in your own future.

And then something I've been thinking a lot about is why do we send our kids to private school, right?

We send them to private school because we hope that they'll have a greater shot at success.

Well, what do we mean by success?

Well, such that in a capitalist world, they have more opportunities professionally, most likely.

Well, why do you want them to have professional success?

Such that they can have the economic security to have children, a lack of economic anxiety, maybe buy a house.

So here's an idea.

Scott wanted to send his kids to First Presbyterian or Grace Church when they were

one and four, respectively.

And I did the math.

It was going to cost $62,000 a year for each of them.

And I bet somewhere between a half and two-thirds of people who send their kids to these private schools are well off, but it is a strain.

If you're going to spend $124,000 a year or $250,000 in pre-tax income to send your kids to private school in New York, I don't care how much money you're making, unless you're crazy wealthy, it is a little bit of an economic strain.

It does create additional economic anxiety.

So here's an idea.

There are studies showing now that the best place to send your kid to school is the one that's closest to your home.

And then you reinvest that additional time in commuting, in sleep, in homework, and in play.

And then, if you had the discipline to take that $62,000 a year from the age of four to 18 and invest it in a low-cost index fund, let's assume, Kara, you were wrong and you should have sent them to a private school and they don't do as well professionally.

And at the age of 35, they're not as economically ahead as they should have been had you sent them to that great private school.

Well, guess what?

You know what solves that problem?

The $5.4 million you will have if you had put that tuition money in SPY in a low-cost index fund and then never touched it.

And people are going to start to do the math here and realize that private schools and schools like NYU, well, okay, if money's no object, let's send them there.

If they get scholarships, great.

If not, we're going to figure out a lower cost way.

We're going to send them to junior college for two years, or we're going to send them to the public school instead of Grace Church.

And we are going to be disciplined and put that money away.

And in case things don't work out, they're going to have millions of dollars to ease the pain.

I'm going to interject.

Clara Jokatz is about to go to public school in September.

That was exactly, I did all the math.

I did all the stuff.

I'm putting away money for her.

The money I might have spent, not as much of it.

It was ridiculous prices, ridiculous.

And I was like, where's my value?

I can, if the school is walking distance from our house,

I'm going to spend a lot of time at the school, like commit myself to helping.

It's actually, they're quite good.

The DC elementary schools are quite good.

And I, and I also feel like having a public commitment to that is important because why not make it better?

To me,

but away from all the public commitment of I'm not just co-splaying, oh, let's go to public school.

I think it's an economic choice.

Like, this is a ridiculous amount of money I spent on my boys for, I didn't, my ex-wife really wanted them to go to private school.

And she had the means because she worked at Google.

And I was dragged along and I didn't make as much money as she did.

And it was, it was not great.

I was like, I looked at it and I was like, that was a waste of my fucking money.

I think you're 100% right on that.

And that's exactly what I'm doing with my second two kids.

So.

And there's also, there's something to, I wanted to go to private school.

I went to Emerson Junior High School in LA and it was the year they'd started doing busing.

and integration.

And it should be a hallmark film about, oh, it was great.

It wasn't.

It was a violent place.

We hated each other.

That's the bad news.

The good news is by the time we got to high school, we were all getting along.

And my friends, all my friends went to this Tony private school called Wynward.

And I think they were better off in the short run.

But in the long run, I think I got a lot of empathy.

I developed a lot of skills.

And I think there's something to be said to having to make your way in a public school and trying to stand out in a larger class.

And it's, I'm not suggesting it's for everyone.

And if you have the resources, then sure, it's a great move.

But what you also got to fess up to as an adult is what are you really spending this money for and why?

And

when I really do an audit of my own self, the reason I wanted my kids to go to Grace Church was so I could tell other parents that my kids were going to grace.

And that's just the wrong way to select a school.

That's correct.

I think a lot of this is signaling for the parents.

And if you do the math, Guess what?

Just in case public school is the wrong decision, you're going to have millions of dollars if you're disciplined about putting that money somewhere else.

I literally, I was at a parents' thing and a lot of the kids, all the kids, every single kid,

she's in a private preschool

because she couldn't, she didn't get into the pre-K.

There's, it's a lottery to get into the pre-K board, but she's finally gotten in

and the public one.

And of all these parents, they're sending to private school.

And they're like, we're the only family doing public school.

And I was at an event and they were like, oh, that's interesting.

I said, yeah, she's going to have millions and millions of dollars later that I'm going to put aside for her.

And your kids won't.

And they're not that rich.

I was like, oh, oh.

And I said, yeah, that's how it's going to go.

I mean, we talk about kids not being able to do the math.

Parents aren't doing the math.

They aren't.

I just was like, I'm going to just hand her the money.

She can go to medical school.

She can do whatever she wants, buy a house.

I'm just going to,

it's a forced savings plan, as much as I can put away for her.

And, you know, in different ways that her tax, you know, my dad tried to do like a low-rent version of that.

He took me to Annapolis.

He He wanted me to join the Navy because he didn't want to pay for my college.

And he said if I went to Annapolis versus UCLA, he'd buy me a trans am.

Literally, that was the exact word.

I'll buy a brand new Trans Am with a T-top.

And I'd put my hairbrush on the dash.

Anyways,

and then I walked down Hillgard, I think it's called.

Was it Hillgard or Strathmore during Sorority Rush?

And I'm like, oh my God, I am so going to UCLA.

I know.

A kid's.

It was something out of a Cinemax film.

An officer and a non-gentleman.

officer and a non anyway oh jesus yeah go bruins oh my god go bruins it's time for me to lose my virginity at 19.

oh god oh god you in the navy that would have been a disaster anyway well i would have been kicked out although they'd be pretty you don't look good in the outfits you don't look good in the outfits i wouldn't have made it yeah you still would have looked good in the whites um i appreciate it so anyway vanessa thank you that's a really good yes tea early often and give them say go go to private public school um if you've got a question of your own and you'd like answered, send it our way.

Go to nymag.com/slash pivot to submit a question for the show or call 8-5551-PIVOT.

All right, Scott, one more quick break.

We'll be back for predictions.

Adobe Acrobat Studio, so brand new.

Show me all the things PDFs can do.

Do your work with ease and speed.

PDF spaces is all you need.

Do hours of research in an instant.

With key insights from an AI assistant.

Pick a template with a click.

Now your prezzo looks super slick.

Close that deal, yeah, you won.

Do that, doing that, did that, done.

Now you can do that, do that with Acrobat.

Now you can do that, do that with the all-new Acrobat.

It's time to do your best work with the all-new Adobe Acrobat Studio.

Your sausage McMuffin with egg didn't change.

Your receipt did.

The sausage McMuffin with egg extra value meal includes a hash brown and a small coffee for just $5.

Only at McDonald's for a limited time.

Prices and participation may vary.

Chronic migraine is 15 or more headache days a month, each lasting four hours or more.

Botox, onabotulinum toxin A, prevents headaches in adults with chronic migraine before they start.

It's not for those with 14 or fewer headache days a month.

It prevents on average eight to nine headache days a month versus six to seven for placebo.

Prescription Botox is injected by your doctor.

Effects of Botox may spread hours to weeks after injection, causing serious symptoms.

Alert your doctor right away as difficulty swallowing, speaking, breathing, eye problems, or muscle weakness can be signs of a life-threatening condition.

Patients with these conditions before injection are at highest risk.

Side effects may include allergic reactions, neck, and injection, sight pain, fatigue, and headache.

Allergic reactions can include rash, welts, asthma symptoms, and dizziness.

Don't receive Botox if there's a skin infection.

Tell your doctor your medical history, muscle or nerve conditions, including ALS Lou Gehrig's disease, myasthenia gravis, or Lambert Eaton syndrome, and medications, including botulinum toxins, as these may increase the risk of serious side effects.

Why wait?

Ask your doctor, visit BotoxPronicMigraine.com, or call 1-800-44-BOTOX to learn more.

Okay, Scott, I'm going to have you do a prediction, but I'm going to make one prediction because I'm going to take my moment.

Louis Swisher turned 22 this week, and he is going to have a wonderful future.

Happy birthday, Louie.

Must.

Yeah.

That's your prediction?

Your kid's going to have a wonderful future?

He just is.

I can feel it.

Is he finishing up his junior year at NYU?

Yes, he's coming back from Argentina.

As we talk about what a ripoff it is.

I know that.

I get it.

I agree with you.

Not for Alex.

And I teach there.

Not you, Nish, because he's going to, that kid is going to be a billionaire.

Like Alex.

Money Wells.

Money Wells.

Michigans are great.

Michigan's

understanding at school.

Louis thought about not going to school a little bit.

And I think he's really, it's teaching him to think, and I think it'll help him in that regard.

Like, it's, it's, I find it's useful right now in a lot of ways for him.

I don't think it's money not well spent, but Alex is, I definitely think it's well spent.

He's taking calculus this summer and physics and all those important things.

Anyway, prediction budget.

He's a smart one.

Well, my prediction is a story that I think is the most underreported story.

And my prediction is it's going to get a lot more attention.

So, from 2001 to 2021, U.S.

higher education institutions received $13 billion in funding from foreign sources.

And we talked a little bit about this.

Do you know where 40% of that foreign funding has come from?

Qatar has given $4.7 billion

to U.S.

organizations.

Educational, like colleges, stuff like that.

Colleges, Cornell, University of Technology, the Aggies.

And if you look, you know, it's

also Qatar and the Muslim Brotherhood funding of higher education is going to get a lot more scrutiny because there is a statistically significant correlation.

between these protests and the amount of funding these universities have got from Qatar.

This is going to be a much bigger story as we do forensics around what has happened at universities and as Americans, parents look at what's going on in universities and, quite frankly, just don't get it, just can't understand how these kids have come to these conclusions.

You're going to find that where the protests have been most heated and, quite frankly, most confusing, and quite frankly, most irrational, we're going to find that for the last 20 years, this university has been cashing the checks of Qatar.

And this is, in my opinion, around all of this, you know,

this is the biggest story in America for the last few weeks has been campus protests.

The next, the next shoot to drop here is where does this money come from?

And there's, this is a lot more coordinated, a lot more funded.

Americans, one of our soft, real soft issue is that we're much easier to fool than convince we've been fooled.

And I think there's going to be, I think there's going to be a lot of scrutiny and backlash.

Nothing's for free.

Qatar.

Is it Qatar?

I think it's Qatar.

I call it Qatar, but cutter qatar qataris cutter

um

uh by the way i went there and i loved it i went for world cup and i one of the wonderful things i love about living in london is i've been exposed to a lot of wonderful people in the gulf but when the whores at our u.s universities take five billion dollars nothing's for free yeah nothing's for free for years many things have been secretly funded by the right too by the way you know all these like the people who make the ulanes and all these different people and and leonard leo they're all funded to get judges on things.

So there's always, there's always a, you know, or Chris Rufo.

They're all, they're all coordinated campaigns.

They did it with gay issues.

They did it with like creating false anger and things like that.

So

it's common for there to be these things.

I think the troubling thing you're pointing out is that they're foreign.

This is an explicitly foreign country, which has interests in getting what it...

it needs out of it is your point.

Well, you're right.

So a lot of these homophobic propositions in California ends up they were being funded by very

extreme swings of

Mormon entities in Utah.

And it's important to point that out.

But there's going to be, my prediction is there's going to be a very robust conversation about this because 4.7 of the 40 comes from a nation of 2.3 million people.

Okay.

What, you just think they're just fascinated with Wolverine football?

Yes.

I mean, wake the fuck up, people.

What do you think is going on here?

Yeah, I would agree.

Okay.

That's a really interesting and a very offbeat one.

I like it.

I like it.

We'll see.

We'll see what happens.

I'm sure we'll get a lot of letters.

I hate letters for that one.

Anyway, we'll see if we will.

Anyway, but it's a very good point.

What do they want for the money?

What do they want for the money?

And what does anyone want when they do secret money donations and all that stuff?

That's right.

There's an agenda there.

Something.

Absolutely.

Okay, Scott, that's the show from Londinium, as they used to say on the old Batman show.

We'll be back on Tuesday with more pivot.

I'm getting on a plane back to DC

and then going up.

You know what I'm doing this weekend?

What are you doing this weekend?

I didn't tell you for breakfast.

I'm going to see Liberty play.

It's a big Lesba Fest, but they're playing Fever.

So I'll see Caitlin Clark play, I believe,

in New York.

Oh, the women's basketball, WNBA.

Yeah.

So you're going to a play?

I'm sorry.

There's something.

You were going to a play called Liberty.

You're going to see the W.

Nobody knows what the

WNBA is.

Caitlin Clark.

It's Caitlin fucking Clark.

Everybody knows who she is.

Okay.

She's a phenomenon.

So I'm going to see her.

It's like when Pele joined the Cosmos, no one cared.

Yeah, in any case.

I mean, best of luck to her.

I am going to

success.

It's inspiring.

I'm going to luck.

Besides meeting Louis Swisher, who's coming back from Argentine after a year, I'm going, this is such an exciting weekend.

I'm going to see Caitlin Clark and then my friend Tim Daly, who is in a play.

I'm going to see that.

But I'm excited to see WNBA.

Don't reign on my lesbian blog.

Let me just help you out.

Let me just cosplay and announcer at halftime.

Well, in an exciting game, the score is now 13 to 11, and Caitlin Clark is a star, and that's why she makes $9,000 a year, folks.

And I want to say

a big shout out to the dozens and dozens of people watching the WNBA.

It's packed.

It is packed.

Is it?

Is it?

Yes.

The lesbians were liking you, and now they're not liking you, just so you know.

I could feel it.

But they want to chase me up a mountain and eat me.

That's my plan.

It's not my strategy.

There's so many straight women in there.

Anyway, I will see you soon.

I will see you in a few weeks in conversation.

You're very uncomfortable with this conversation.

You're trying to thread a needle here by being kind to me.

I'm glad

you're going to be this morning.

It's great to be in your town.

It's very lovely out there.

And

I will see you in a couple of weeks where I'm going to be charging that 35

Euro coffee to you at the Hotel de Cap.

I'm very excited.

It's on me.

It is absolutely on you.

100%.

We'll call up to Meta Beach and the Zodiac.

Zodiac.

We're doing that.

Get ready, Mark Zuckerberg.

We're coming to your party.

Anyway, Scott, Readisap.

Today's show is produced by Lara Naiman, Zoe Marcus, and Taylor Griffin.

Ernie Endertott engineered this episode.

Thanks also to Drew Burrows and Mil Severio.

Mishak Kurwa is Vox Media's executive producer of audio.

Make sure you subscribe to the show wherever you listen to podcasts.

Thanks for listening to Pivot from New York Magazine and Vox Media.

You can subscribe to the magazine at nymag.com/slash pod.

We'll be back next week for another breakdown of all things tech and business care.

Great to see you.

Safe travels.

Adobe Acrobat Studio, so brand new.

Show me all the things PDFs can do.

Do your work with ease and speed.

PDF spaces is all you need.

Do hours of research in an instant.

With key insights from an AI assistant.

Pick a template with a click.

Now your prezzo looks super slick.

Close that deal, yeah, you won.

Do that, doing that, did that, done.

Now you can do that, do that, with Acrobat.

Now you can do that, do that with the all-new Acrobat.

It's time to do your best work with the all-new Adobe Acrobat Studio.