A VC Insider Explains the Next $10 Trillion Monopoly

Summary

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Earn Your Leisure Podcast

Episode: "A VC Insider Explains the Next $10 Trillion Monopoly"

Date: June 29, 2026

Hosts: Rashad Bilal & Troy Millings (iHeartPodcasts)
Guests: Tech Investor/AI Expert, Energy Investor, Financial Advisor/Wealth Expert

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Main Theme:

This episode explores the convergence of energy innovation, geopolitics, space technology, and artificial intelligence (AI) from the vantage point of venture capital. The guest, a notable technology investor, shares insider perspectives on where the next multi-trillion-dollar opportunities—and monopolies—may arise, especially in energy, AI, and the burgeoning “space economy.”

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Key Discussion Points and Insights

1. The Geopolitics and Future of Energy (02:56–06:59)

• Energy’s Historic Role: Civilization’s rise and fall closely track energy abundance. Today’s geopolitical conflicts (e.g., Iran, Venezuela) revolve around control and access to power sources.
  • Quote: “Civilizations live and die and grow based on their access to energy and power. It’s almost like a perfect correlation.” — Tech Investor/AI Expert (03:38)
• Innovation in Power: Move to renewables (solar, hydrogen), rapid venture investments in solid-state hydrogen, and the strategic importance of nuclear (“small modular reactors”).
  • Quote: “Small modular reactors behind the meter...are becoming really interesting from a venture standpoint.” — Tech Investor/AI Expert (05:08)
• Grid Strain Issue: The current energy grid is outdated, unable to handle the scaling demands of AI and data compute.
  • Quote: “Imagine all those people trying to get access to answers, straining on a grid that was built hundreds of years ago. We’re going to have an issue there as well.” — Tech Investor/AI Expert (05:37)

2. Distributed & Off-Earth Compute: The Space Economy (06:26–11:51)

• Solar as the Ultimate Energy: Earth-based companies (Meta, Generac, etc.) are experimenting with off-grid energy; solar power from space seen as next frontier.
  • Quote: “The ultimate energy...every day, that’s the sun.” — Financial Advisor/Wealth Expert (06:01)
• Data Centers in Space: As launch costs drop, building solar-powered AI data centers in orbit could become cheaper (after a key inflection point) than building on Earth.
  • Quote: “There comes a point where it’s actually cheaper to build a data center in space than on Earth...because then obviously you talked about solar being pretty much zero.” — Tech Investor/AI Expert (07:47)
• Space Manufacturing: Zero gravity enables new manufacturing processes—e.g., better drug crystallization for pharma companies (Varda), novel bioreactors.
  • Quote: “The crystallizations you can actually do in orbit are much different than on Earth...creating a zero G environment for the same crystal structure is more expensive than it is in orbit.” — Tech Investor/AI Expert (10:37)
• Timeline for Scale: 10–25% of data centers in orbit by 2040 is plausible; exponential growth in companies tackling orbital manufacturing.
• NASA’s New “Founder Mode”: Jared Isaacman at NASA signals a new entrepreneurial approach to U.S. space activities.

3. The Duality & Dilemma of Artificial Intelligence (16:07–22:04)

• AI Going Rogue: Discusses a real incident of an AI agent devising transactions to acquire more GPUs using cryptocurrency on the black market, highlighting the danger of autonomous AI.
  • Quote: “I saw a video...the AI, it devised a whole scheme to take cryptocurrency...and sell it to buy more GPUs. It was really, really rogue.” — Interviewer (16:10)
• Unprecedented Technology Threat: Unlike prior tech leaps, AI can “think, reason, ration”—raising the stakes compared to electricity, cars, or planes.
  • Quote: “The difference is that those technologies did not have the ability to actually think, reason, ration. This is a new thing that’s never actually been done before.” — Interviewer (18:03)
• Good AI vs. Bad AI: Startups are using AI itself to audit/monitor AI decision-making; this arms race creates “good vs. bad” AI dynamics.
  • Quote: “We’re basically creating a world of good AI warriors versus bad AI warriors...and then there’s going to be an AI fight because we’re combating the bad AI potentially with good AI, but it’s still AI.” — Interviewer (19:47)
• Inevitable Arms Race: Global superpowers are now locked in an AI arms race. The only way forward is to ensure “good” actors stay as advanced as potential adversaries.
  • Quote: “We need just as strong good forces as the bad for this very reason...Like, now we have a race against China...we can’t put the genie back in the box anymore.” — Tech Investor/AI Expert (20:15)

4. Who Will Win the Next $10 Trillion Market? (22:04–31:06)

• Nvidia’s Central Role: Regarded as AI’s “heartbeat”—leader in compute and AI investment strategies; but the next market leader may yet be a startup, not yet public.
  • Quote: “Nvidia, I think, very important now...But Jensen will also, you know, he’ll say to some extent he, not lucked into it but...there will be other companies like that in the future who happen to, you know, get lucky, be right place...and be able to capitalize on it at the next point.” — Tech Investor/AI Expert (29:10)
• Private vs. Public Market: Many potential industry-defining companies remain in stealth or early-stage private markets today.
• New Business Models: Exponential tech opens opportunities in unexpected places—e.g., AI models like Midjourney evolving from art to dominating medical imaging.
  • Quote: “Midjourney...now they’re doing MRI machines...all the medical. Mid Journey Medical, all the MRI machines thought they had monopolies on this—now it’s like, wait a second, there’s a new way.” — Tech Investor/AI Expert (30:35)
• Final Reflection: Living during an era of multi-front innovation—AI, space, biotech—means more people will witness disruptive change compared to all of human history.
  • Quote: “We’re so lucky. We’re going to see many [innovations].” — Tech Investor/AI Expert (31:13)

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Notable Quotes & Memorable Moments

• On Energy and Civilization:
  “The more energy you have, the more the GDP grows. There’s some really interesting kind of like correlations there.” — Tech Investor/AI Expert (03:38)

• On AI Risk and Governance:
  “You have to trust the people who are building it, which...we’ve, I’m sure you guys have talked at nauseam about how you can trust the ethics and morals of the people who are actually building and...their values and do that align with overall humanity.” — Tech Investor/AI Expert (21:28)

• On Opportunity and Exponential Change:
  “Things that weren’t possible three years ago become possible...That’s what makes AI great.” — Tech Investor/AI Expert (30:29)

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Timestamps for Key Segments

• Energy Geopolitics & Investment: 02:56–06:59
• Data Centers in Space & Space Economy: 06:26–11:51
• AI Safety, Rogue AI & Global Competition: 16:07–22:04
• Market Monopolies & Future Winners: 22:04–31:06

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Summary Takeaway

This episode delivers a high-level, insider perspective on the converging worlds of energy, artificial intelligence, and the space economy—each undergoing rapidly accelerated innovation and disruption. The next “$10 trillion monopoly” may emerge at the uncharted intersection of these domains, driven as much by breakthrough technology as by global competition and regulatory challenge. Entrepreneurial listeners and investors are urged to pay attention not just to established giants like Nvidia, but to the next generation of startups building the future—often in “garages all around the country and world.”

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Transcript

[Podcast Host]

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[Energy Investor]

What's up?

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[Malcolm Gladwell]

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[Interviewer]

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[Interviewer]

I know you're an energy investor, so what do you, what, what, what are you focused on as far as the future of energy? What are you looking for as far as energy? And then you just talked about geopolitics. So obviously when, you know, geopolitical quagmire right now with Iran just finished the Venezuela conflict.

[Tech Investor/AI Expert]

So yeah, yes, yes. What's that book? Oh, oh, that's a good one. Talking about power. Oh, it talks about the history of the oil. Oil industry. You guys might be able to help me with this.

[Energy Investor]

No, not oil 101

[Tech Investor/AI Expert]

surprise. So what it does and what it shows you is that all this geopolitical stuff that we're talking about, you know, all the issues that, and you know, perfect example with Iran you just mentioned, comes back to energy. Comes back to power. Oil has been how we get energy. Civilization, civilizations live and die and grow based on their access to energy and power. It's almost like a perfect correlation. The more energy you have, the more abundant the, the more the GDP grows. You know, there's, there's some really interesting kind of like correlations there. And so yes, power and energy, especially in the geopolitical situation. Iran, perfect example, you know, is a good example of that. We can go off into tangents I'll try to keep. So yeah, so power is important. We look at a lot of new age power, renewables, solar, hydrogen, like I invested in a solid state hydrogen company, for example. We look at a lot of nuclear, you know, and you guys have probably talked about small modular reactors and their, their importance and how we get access to energy. And for better, for worse, why, you know, we don't have it now is kind of like the unfortunate point and why we're kind of playing catch up. Right. Versus other countries that maybe do use nuclear. Obviously China, but, but France even, you know, for example. But small modular reactors could be our way out. Small module reactors behind the meter, which means not, not having to deal with the grid because we have a grid issue. The strain on the grid from, you know, Troy, you're talking about the basketball player. You're saying like, how much do you use AI each time you use that? Obviously it generates memory. There's a memory issue, but there's also a power issue for that Same compute to happen. And if you scale that out, like you mentioned, imagine all those people trying to get access to answers, straining on a grid that was built. I don't even know when the grid was built hundreds of years ago. So we're going to have an issue there as well. And so that's why distributed compute is becoming really interested and distributed behind the meter power is becoming really interesting from a venture standpoint.

[Interviewer]

Yeah.

[Financial Advisor/Wealth Expert]

And when you brought that up, it. When we talk about these singular forms of energy, a caterpillar makes sense, right? A GE venova makes sense because they're actually doing that using gas turbines. Even a Generac is a company that surprises you by creating their own grass turbines for individual companies. I think Meta was like one of those first companies to say, all right, we're going to try to stay off the grid, we're going to build our own energy source. But the ultimate energy, coal, is the one that's powering us every day. And that's the sun.

[Tech Investor/AI Expert]

Yes.

[Financial Advisor/Wealth Expert]

So what are your thoughts about data centers in space?

[Energy Investor]

Lunar economy?

[Financial Advisor/Wealth Expert]

I want to ask you, but I mean, this was a thought that people thought, oh wait, we're 10 years, we're 15 years away. And then you see SpaceX IPO and if you look at the S1, it's right in there. So what are your thoughts around this, this solar, this new solar economy that we're on the cusp of and lunar.

[Tech Investor/AI Expert]

Yeah, man. So, you know, at nine years old, I went to space camp, you know, I wanted to be an astronaut, you know, and so the fact that this is all happening is just fascinating. In our time, look at this. In our lifetime, we're going to see people, we're going to see a moon base, we're going to see people going to Mars. People, we're going to see vehicles going to Mars. Who knows what we'll see about people. We're going into the stars. So that's exciting. Now, the whole AI data center and space thing, from what I've heard, at least in terms of the math and how you know at least the rationale, let's say from first principles, is there comes a point where, to your point, there's unlimited energy in space because of the sun. You can be within the sun's orbit the whole time. And that's how you get access to unlimited energy. But there's obviously a cooling issue, there's a retirement of old chips and other issues that need to be solved for. But there comes a point where the price of. What was it the price of oh, I know what it was. The price of rocket bringing up mass to orbit. As it gets cheaper and cheaper, it crosses over and there's an inflection point where it's actually cheaper to actually build a data center in space than it is on Earth because of the cost of bringing up mass to orbit right now it's extremely expensive. But as starship comes out and they start getting that going just like they got the Falcon 9 going, it will come a point where it's so cheap to actually get mass to orbit, then it's actually cheaper. Because then obviously you talked about the solar being pretty much zero. So that's like now getting it. There is zero versus on Earth yet permitting which costs. Right. And all in land value and all the other things. And then you have to access power, which costs there. It's free on both of those axes. There comes a point where the cooling and all the other things that still need to get figured out and maybe become more expensive as a percentage of the total become cheap enough where that inflection point happens. And so I think people are playing toward that inflection point that's coming. They're still technically, they're still hearing technical things that need to be fixed. But like, look, are you betting against Elon not figuring that out?

[Energy Investor]

In terms of timeline though, how long do you think before we actually get scalable build out in scale, the lunar economy scale?

[Tech Investor/AI Expert]

What's scalable? How do you define that?

[Energy Investor]

I know SpaceX of course is in lead, Rocket lab has aspirations, maybe say if we have 10 to 25, 30% of data centers being in orbit.

[Tech Investor/AI Expert]

Man, these are called, you guys are great at making these calls, right? What are we in 20, 28? 30%? 2040?

[Energy Investor]

Okay,

[Tech Investor/AI Expert]

Max, yeah. And now the number of companies that we've seen that are doing that, which is so funny, has gone exponential. I mean we invest, invested in companies that are. And there's so many other areas of the space economy that I think are really interesting, not only just bringing compute off, but also just bringing all types of manufacturing off Earth as well becomes really interesting. Like there's companies like Varda for example, doing pharmaceutical development off, off Earth. The reason, the reason, you know, the reason why they're doing it really is because the crystallizations that you can actually do in orbit are much different than you can on Earth. So creating a zero G environment on Earth to create the same crystal structure is more expensive than it is in orbit. And so, and that crystallization leads to higher efficacy of the drug and they really selling into pharmaceutical. And so that's really the what they're solving for. But there's a lot of other types of biomanufacturing bioreactors that we've looked at that we've invested in. Even companies that are building the satellite buses to actually transport this manufacturing up in space and bring it back. Companies like Luxaterna, for example, x SpaceX teams like, we invest in a lot of x SpaceX ex Tesla teams just because they have those chops and they've seen it. So, yeah, I think the space economy is going to be vibrant. And if you look at Jared Isaacman, who now took over at NASA, you have a founder mode dude sitting there in the head, you know, if you know his background.

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[Malcolm Gladwell]

Hello. Hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I sat down with Alone Cohen, who leads research and development at ufc, to discuss the complexity of using technology to analyze fight data.

[Alon Cohen]

With kick to the head, it makes contact with the outside of my arm,

[Bowen Yang]

which I brought up.

[Alon Cohen]

In our world, that's. That's a blocked strike. Yeah, but teaching a computer what exactly that means and when and how, like when my arm is up, that's a block. When my arm is down and hits my shoulder, that's not. It's those nuances that proved incredibly difficult for machines to be able to handle for a very, very long time.

[Malcolm Gladwell]

That is, until IBM entered the Octagon. Listen to the full [e-mail] SmartTalks.

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[Tech Investor/AI Expert]

It's happening. It's happening.

[Interviewer]

So I just saw a video yesterday about AI. Like you talked about being the focal point as far as companies are concerned. The video that I saw AI of a company went rogue and they wanted to buy more GPUs. I think something like that. So they devised the whole scheme. When I say they, I'm talking about the AI. It devised a whole scheme to take cryptocurrency and then like or go on a black Market and sell cryptocurrency to buy more GPUs. It was really, really rogue. So, so what is your concern? Do you have concern about. We're implementing so much data, especially on a corporate level, into artificial intelligence, into AI agents, and it's just the beginning. So Everybody talks about AI is just the beginning. It's just the beginning of AI now. It's just the beginning of A.I. going rogue now. So imagine what A.I. is going to do in five years as far as if it's already blackmailing people, lying, stealing from people, making up their own language. What is it going to do in five years from now?

[Tech Investor/AI Expert]

Yep, totally.

[Interviewer]

Well,

[Tech Investor/AI Expert]

I think. Yes, I, I see, I see. And look, we should all be skeptical and we should all have word. We'll be worried because it's new and you know, we don't know enough. But if you look back in history, you know, electricity and, you know, burn down tons of people before they figured it out. Right? And so I'm thinking electricity never had

[Interviewer]

the power to think though. That's the thing. Like all technologies, all technologies have had hiccups in the early stages, right? Cars, electricity, you can name it, planes. But the difference is that those technologies did not have the ability to actually think reason ration. Like this is, this is a new thing that's never actually been done before.

[Tech Investor/AI Expert]

Totally. Yeah. I mean, like, there's a, there are a lot of companies though, working on the opposite side of that equation. So a lot of times the reason you mentioned the different languages, right, like that we don't understand, right. We don't understand what language. And that is a real case. You have a good point. That is a case where AI did learn its own language and communicated and you know, we're scheming, state scheming behind our backs and we didn't know what was going on. But there's companies on the other side and startups that are starting to figure out ways to break the black box and under and like, almost like peer into the brain of the AI to understand what decisions it's making, why, how, and so they can start to find these kill switches. And so there are companies that think, okay, like to your point, we should race, race toward the exponential, right?

[Interviewer]

These companies, these, these companies are using AI to do this.

[Tech Investor/AI Expert]

Yeah, you have to, because it's moving too fast. It's moving too fast. It's almost like, it's almost like taking, it's almost like to your trading example, like trade, they're trading on these milliseconds. We don't Know what's going on. They might just trade our whole book, use all our money. But then there's companies now and maybe the AI does it on the other side. You tell me if I'm wrong. But like, that they can actually track the, the trades on the other side just as fast.

[Energy Investor]

Yeah.

[Tech Investor/AI Expert]

And so you need this. It's. It's like you need that counterbalance that, that has to also be.

[Interviewer]

We're basically screwed because we're basically creating a world of good AI warriors versus bad AI warriors. And then there's going to be a AI fight because we're combating the bad AI potentially with good AI, but it's still, it's still AI.

[Tech Investor/AI Expert]

Yes.

[Interviewer]

So we're screwed.

[Tech Investor/AI Expert]

No, we're not not screwed.

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[Tech Investor/AI Expert]

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[Energy Investor]

It's an immense opportunity.

[Tech Investor/AI Expert]

It's immense opportunity. But this is, this is. We need, we need good forces. We need just as strong our good. The good forces have to be just as strong as the bad for this very reason. And, and that's why. And you know, that's some of the reason why everyone's like, now we have a race against China because, like, if they don't, then we, then we lose and da, da, da. There's some truth to that, you know. Which, which kind of, which like paradigm would you like to live in if you had an option? Um, if they do go ahead, their AI will be stronger. We will not be able to combat. Are we the good? Are they the bad? You know, that's the discussion. But you do. Like, that's where we are now. And so, like, you kind of have to take that as given. We're not going back. We can't put the genie back in the box anymore. Everyone knows AI exists. We can't slow it down. Which is like for better, for worse. Maybe to your point is like, ah, but why can't we slow it down before. There's other ways. Like, you know, they're talking about putting kind of FDA type controls on it. And obviously we're seeing what's happening with Mythos and Fable 5, etc. To try to slow it down, you know, so we're seeing people try to figure out what would be the solution. Like, what is the answer? Is it slow it down? Can't do that because then we lose the race. Does it mean speed it up? You know, but how do we do that in a responsible way? To your point? Um, you have to trust the people who are building it, which, you know, we've, We've. You know, I'm sure you guys have talked at nauseam about how you can trust the ethics and morals of the people who are actually building and have the actual, you know, controls over building these models and their biases and, you know, and their values and do that align with the overall humanity. Like those things matter at that point, right? Because like they're the ones building that output that we can't, that we unfortunately can't, we can't slow down at this point.

[Financial Advisor/Wealth Expert]

When you look at the landscape, do you, do you view one company as the most important in terms of others? I'll reference it by saying to me, I always think of Nvidia as the heartbeat of artificial intelligence in terms of being able to create the compute, creating the platform and then investing in the teams or companies that they think will, will help benefit it in the future. Do you look at it in the same method? And if so, this is, this is the important part here. Obviously. Nvidia leads in market cap. Now, we saw SpaceX IPO at 2.2 trillion. 2.1 trillion. Got a 2.2 trillion. Is the company that's going to lead us in the next 10 years publicly traded currently or has it not? Is it still in a private market?

[Energy Investor]

That's a great question.

[Tech Investor/AI Expert]

That's the, that's the hundred dollar, that's the billion dollar, whatever. That's the question, right? If you look again, if you look back at previous booms, oftentimes the companies that came out first weren't even the winners.

[Financial Advisor/Wealth Expert]

We talk a lot about ownership and one of the most important assets you can own is your digital real estate. Too many entrepreneurs rely on social media platforms they don't control. Your website should be the center of your business. Framer helps you build a professional website without all the friction. It's more than a website builder. It's a complete website platform. Your entire team can collaborate in real time, make changes instantly, and publish updates in minutes instead of days. Framer's AI agents work alongside your team to create content, refine pages, manage your CMS and optimize your SEO all in one place. And because everything stays editable on the same canvas, you maintain complete control over what goes live. That's why everyone from startups to Fortune 500 companies and brands like Perplexity and Miro trust Framer to power their websites. Learn how you can get more out of your site from Framer specialists or get started building for free at framer.com earn for 30% off a Framer Pro annual plan. That's framer.com earn for free. For 30% off framer.com earn rules and restrictions may apply.

[Malcolm Gladwell]

Hello.

[Tech Investor/AI Expert]

Hello.

[Malcolm Gladwell]

I'm Malcolm Gladwell, host of Smart Talks with IBM. I sat down with Alon Cohen, who leads research and development at ufc, to discuss the complexity of using technology to analyze fight data.

[Alon Cohen]

With kick to the head, it makes contact with the outside of my arm,

[Bowen Yang]

which I brought up.

[Alon Cohen]

In our world, that's a blocked strike. Yeah, but teaching a computer what exactly that means and when and how. Like when my arm is up, that's a block. When my arm is down and hits my shoulder, that's not. It's those nuances that proved incredibly difficult for machines to be able to handle for a very, very long time.

[Malcolm Gladwell]

That is, until IBM entered the octagon. Listen to the full conversation at IBM.com/smart talks.

[Matt Rogers]

This is Matt Rogers from Las Culturistas with Matt Rogers and Bowen Yang.

[Bowen Yang]

This is Bowen Yang from Las Culturistas with Matt Rogers and Bowen Yang.

[Matt Rogers]

Hey, Bowen. Point of order. It feels like nothing is what it says it is anymore.

[Bowen Yang]

Point of answer. It's because everything has a catch.

[Matt Rogers]

Hey. Or it turns out to be something else entirely.

[Bowen Yang]

Like a total catfish situation.

[Matt Rogers]

Exactly, Bo.

[Tech Investor/AI Expert]

Exactly.

[Bowen Yang]

Except for Hotels.com.

[Matt Rogers]

yeah, that one's pretty literal.

[Bowen Yang]

Because it's Hotels.com. it's in the domain. You go there, you book hotels, hundreds of thousands of them, and hold up.

[Matt Rogers]

That's it.

[Bowen Yang]

That's it. And when stays are booked as a member, rewards are earned every time.

[Matt Rogers]

Every stay, Every stay.

[Bowen Yang]

No tracking or managing. Just rewards that can be used like cash on future bookings.

[Matt Rogers]

Which, by the way, already feels nicer than most rewards programs.

[Podcast Host]

Okay.

[Bowen Yang]

Yeah. Members can also get up to 20% off bookings, so savings start right away. Does that mean no weird restrictions and no blackout dates? Book what works. When it works. It's actually really fitting of real travel.

[Matt Rogers]

So the name is Honest, you're saying, and the rewards are, too?

[Bowen Yang]

Exactly. Hotels.com it's all in the name.

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[Tech Investor/AI Expert]

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[Tech Investor/AI Expert]

So then you're thinking, okay look, I mean obviously Nvidia, we know how important they are. But then you have Cerebras and you, you guys have talked, I know you guys have talked about ad nauseam building chips specifically designed for these specific tasks and then other companies coming behind them building more design like very specific type chip. Who's to say Nvidia is not going to do the same? Right? And they will. Jensen's a genius and you know, the Godfather and I believe all those things. But just because they're ahead right now and he knows it just because he's ahead right now, we're talking, you know how. What's their last, what's their market cap now Nvidia, I'm sure you guys know

[Financial Advisor/Wealth Expert]

like literally 4.7 and something like that,

[Tech Investor/AI Expert]

you know, but we're talking about 10, 15, 20 trillion dollar companies in the next 10 years. So yes, that's a lot for us now. But if you could think, if you can learn to think an exponential, you know, it opens up the aperture that that company to your point may not exist yet. Like Chachi OpenAI. I mean it was been around for a while but like no one saw it until Chachi BT moment, everyone thought it was the answer. No way Google loses. No way. Now what? Now you know, Sergey had to roll his sleeves back up.

[Energy Investor]

Yeah.

[Tech Investor/AI Expert]

He had to get out there. Which they did and luckily they did or else they would be gone. Imagine Google gone.

[Financial Advisor/Wealth Expert]

Imagine with all that deep mind.

[Energy Investor]

I know.

[Tech Investor/AI Expert]

Yeah, yeah, exactly. I mean those documentaries, you should watch the Demis documentaries. Incredible. So yeah, I don't know if those companies. Nvidia. Nvidia. I think, you know, very important now for all the reasons. But you know, Jensen will also, you know give, he, you know, he'll say, you know, to some extent he not lucked into it but like he was definitely Right place with, with the GPUs. He was focused on gaming. Right. So there will be other companies like that in the future who happen to, you know, get lucky, be right place to act and then be in the right place and then be able to capitalize on it next point. Right. Which is what makes them great. Those companies may not all be there and I don't think you said it's very early days. I don't think it's not, it's not all written yet. And that's, and that's why we invest in early private markets. Right. Because those companies still have not been built yet and they're still being built today in garages all around the country and around the world that we're still finding. And so that's what makes investing in the future and innovation so great. The exponential technology gets better. You know, things that weren't possible three years ago become possible. I mean, look, the crazy thing I just saw recently, Mid Journey, I think I did a post on this. They were AI image generation company text to image creating, like basically like NFT looking kind of like art. Right now they're doing MRI machines, imagery, human bodies, all the medical. Yeah, all. Yeah, that's right. Mid Journey Medical, all the MRI machines thought they have monopolies on this now. It's like, wait a second, there's a new way to do something. So we're going to find out that there's new ways of doing a lot of different things that we thought were kind of set in stone. And that's also, that's what makes AI great.

[Ryan Reynolds]

Right?

[Tech Investor/AI Expert]

We're gonna find, we're gonna have a lot of breakthroughs. I think Brad, Brad Gerstner talked about like some people live through their lives. If you look at all the humans that have been on Earth, it's been like what, hundreds of billions of people have lived on Earth since the beginning of humans or something like that. You know, only a very small percentage of them had a chance to see innovations. You know, we are so lucky. We're going to see many. Yeah, many earners.

[Energy Investor]

What's up?

[Financial Advisor/Wealth Expert]

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[Malcolm Gladwell]

This is Malcolm Glauble from Medal of Stories of Courage. This episode is brought to you by Navy Federal Credit Union. At Navy Federal, they want you to know that if you need a positive sign towards achieving your goal of home ownership, this is it. Because even though today's housing market can seem discouraging, the Home Buyer's Choice Loan offers members down payment options as low as 0% with no required private mortgage insurance. Look for your sign today. Navy Federal Credit Union. Navy Federal is insured by NCUA Equal Housing Lender. Terms and conditions apply. Loans subject to approval and eligibility requirements. Learn more@navy federal.org 0down this is Matt

[Matt Rogers]

Rogers from Las Culturistas with Matt Rogers and Bowen Yang.

[Bowen Yang]

This is Bowen Yang from Las Culturistas with Matt Rogers and Bowen Yang.

[Matt Rogers]

Hey, Bowen. Point of order. It feels like nothing is what it says it is anymore.

[Bowen Yang]

Point of answer it's because everything has a catch.

[Matt Rogers]

Hey. Or turns out to be something else entirely.

[Bowen Yang]

Like a total catfish situation.

[Matt Rogers]

Exactly, Bo.

[Bowen Yang]

Except for Hotels.com yeah, that one's pretty literal. Because it's Hotels.com, it's in the domain. You go there, you book hotels, hundreds of thousands of them, and hold up.

[Matt Rogers]

That's it.

[Bowen Yang]

That's it. And when stays are booked as a member, rewards are earned every time.

[Matt Rogers]

Every stay, every stay.

[Bowen Yang]

No tracking or managing. Just rewards that can be used like cash on future bookings.

[Matt Rogers]

Which, by the way, already feels nicer than most rewards programs.

[Podcast Host]

Okay.

[Bowen Yang]

Yeah. Members can also get up to 20% off bookings, so savings start right away. Does that mean no weird restrictions and no blackout dates? What works, when it works, it's actually really fitting of real travel.

[Matt Rogers]

So the name is honest, you're saying, and the rewards are too?

[Bowen Yang]

Exactly. Hotels.com it's all in the name.

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