his might be the one, and obviously he's tapped into everything that's going on, I'm going to download that thing and I'm going to see what makes this better than all the rest.

And let me tell you, I was blown away. Blown away. Do you know what it can do? It can talk to you as stupidly as all the other AIs. That's it. That's all it can do. It can talk to you. It can't make any important opinions because it's not allowed. It doesn't have access to the internet. Just hold this in your mind. Bill Gates was blown away by it. It doesn't even have access to the internet, and it doesn't say anything that ChatGPT doesn't say, or Bing AI, or all the rest. And none of them can do anything useful because they're not allowed to do anything provocative, which is the only thing we care about. And he was blown away by it.

Now here's a, I gotta connect some conspiracy theory dots. You ready? I'm going to go full conspiracy theory. What I say after this point is not backed by fact. Are you okay with that? What I say next is not backed by fact. Pure speculation. No more likely than the moon landing was faked, for example. Bad example, because a lot of you think it was faked. But going pure conspiracy theory, one of the founders of this app that Bill Gates seems to think is good is Reid Hoffman. Do you know who Reid Hoffman is? So he was the founder of LinkedIn, now sold to Microsoft, so he's a multi-billionaire. Also a famed investor, you know, one of the early Facebook people, early on Airbnb. So he's one of the most famous investment geniuses. But he's more than that. He's also one of the people who came up with some of the social media algorithms that make Facebook work, such as recommending your friends and turning it into a network effect.

So Reid Hoffman is sort of the, you could sort of say he was the father of the network effect, where if you get into an app it's hard to go anywhere else. That's what LinkedIn was. If you're on LinkedIn and somebody else started a similar app, you weren't going to go there because all your friends were in LinkedIn, and LinkedIn would keep suggesting you connect with other people in there. Same as Facebook.

So here's the other thing about Reid Hoffman. Do you recognize his name from before any of these things? Do you know where he first succeeded? Now you're thinking of a different Reed. Netflix is a different, that's a different Reed. He's one of the PayPal guys. So the so-called PayPal Mafia, which includes Elon Musk and people who went on to become billionaires, right? So did you ever wonder how PayPal succeeded? I was always curious about that. Imagine being the first startup that makes an app that can move money around. How in the world did that ever get past regulators? How in the world did that get past the banking industry? Do you ever wonder about that? Because the technology that PayPal had was probably trivial, you know, in terms of what was possible at the time. It probably wasn't hard to make the app. And what was hard is to get it in the market, get people to trust it, get banks to not try to stop it or not succeed, and get the government to say yeah, you can do this. Almost impossible.

Have you noticed that the PayPal people all have really good powers of persuasion, and that they went on to start companies which you'd say to yourself, you know, I don't even think that company could have succeeded unless the government was somehow a little bit on their side, right? Didn't you think that about Tesla? Correct me if I'm wrong, but weren't there very large subsidies, government subsidies, right? So Tesla basically can exist because of the government. How about SpaceX? Would SpaceX be a viable company without government contracts? I actually don't know the answer to that question. I'm thinking though, I'm thinking probably not. Or at the very least there must be incredible hurdles that you ha