Latest: Elon Musk speaks at Dubai's World Governments Summit!!!

Summary

Podcast Summary: Elon Musk Speaks at Dubai's World Governments Summit

Episode Title: Latest: Elon Musk speaks at Dubai's World Governments Summit!!!
Release Date: February 15, 2025
Host: Astronaut Man
Guest: Elon Musk
Duration: Approximately 33 minutes

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1. Government Regulation and Bureaucracy

Elon Musk opened his address by critiquing the current state of government bureaucracy in the United States. He emphasized the need to shift from what he termed the "rule of bureaucracy" to the "rule of the people" or democracy. Musk highlighted the overregulation that has accumulated over decades of prosperity, leading to an ever-increasing number of laws that, without significant intervention, could render most actions illegal.

Notable Quote:

"[00:30] Elon Musk: We want to restore rule of the people by reducing the size of the federal government and cutting down on excessive regulations."

Musk proposed a substantial reduction in government spending and regulation, projecting that such measures could enable the economy to grow by 4-5% annually while decreasing government expenditures by approximately 3-4% of the economy, potentially eliminating inflation between 2025 and 2026. He also discussed the positive ripple effects of reducing government debt purchases, which could lower interest rates and alleviate personal debt burdens for Americans.

Notable Quote:

"[01:30] Elon Musk: Reducing government spending by a trillion dollars or more could eliminate inflation from 2025 to 2026, benefiting the average American by lowering debt payments."

2. Tackling Bureaucracy: Strategies and Challenges

When questioned about ensuring long-term changes beyond political cycles, Musk stressed the importance of entirely dismantling bureaucratic agencies rather than partial reforms. He likened residual structures to weeds that easily regrow if not fully removed, advocating for the complete deletion of dysfunctional agencies to set a sustainable foundation for prosperity.

Notable Quote:

"[05:33] Elon Musk: We need to delete entire agencies because leaving parts behind is like leaving the roots of a weed—it just grows back."

Musk also addressed the inefficiencies within government technology systems, citing outdated software and disconnected computer networks as significant obstacles. He illustrated this with an example of a dysfunctional retirement processing system reliant on manual paperwork and outdated infrastructure, underscoring the urgent need for digital transformation and automation to enhance productivity and reduce costs.

Notable Quote:

"[06:51] Elon Musk: A significant problem is the antiquated technology the government runs on. For instance, retirement paperwork is still manually processed and stored in mines, which is inefficient and costly."

3. Innovations in Artificial Intelligence: Grok 3 and OpenAI

Transitioning to artificial intelligence, Musk discussed the advancements and potential of his own AI model, Grok 3. He lauded its superior reasoning capabilities, outperforming existing models and exhibiting what he described as "scary smart" behavior. Grok 3's training involved extensive compute resources and synthetic data, enabling it to achieve logical consistency and self-correct inaccuracies.

Notable Quote:

"[14:02] Elon Musk: Grok3 has very powerful reasoning capabilities and, in tests, it's outperforming anything else released so far. It's kind of scary smart."

Addressing rumors about a $97 billion bid to acquire OpenAI—a company Musk was initially involved with as a funder—he clarified that he currently holds no shares in OpenAI. Musk criticized OpenAI’s shift from a nonprofit to a profit-driven entity, expressing disappointment that the organization deviated from its original open-source and altruistic mission.

Notable Quote:

"[17:15] Elon Musk: I don't have any shares in OpenAI. It's disappointing that OpenAI transitioned from a nonprofit to a profit-driven model, which contradicts its initial mission."

Musk questioned the feasibility of sustaining large-scale AI projects under a nonprofit framework, suggesting that the financial demands might render such models untenable without profit incentives.

Notable Quote:

"[17:33] Elon Musk: OpenAI's move to maximize profit undermines the original nonprofit vision. It's like funding a nonprofit to preserve the Amazon rainforest and then turning it into a lumber company."

4. Economic Impact of AI and Robotics

Delving into the future economic landscape, Musk envisioned a world where humanoid robots, powered by advanced AI like Grok 3, could revolutionize productivity. He proposed that with limitless automation capabilities, the economy could achieve unprecedented growth, potentially rendering traditional notions of money obsolete except for areas of artificial scarcity such as unique art pieces.

Notable Quote:

"[19:45] Elon Musk: With humanoid robots and deep intelligence, there's virtually no limit to economic productivity. Money might become irrelevant for most goods and services, except where artificial scarcity exists."

Musk referenced science fiction, recommending Ian M. Banks' "Culture" series as a framework for understanding this potential future. He also expressed concerns about societal shifts, referencing the movie "Idiocracy" to illustrate the potential decline in human intelligence relative to machine intelligence, emphasizing the need for fostering human intellectual growth alongside technological advancements.

Notable Quote:

"[21:22] Elon Musk: Human intelligence will be dwarfed by machine intelligence. We must foster curiosity and truth-seeking in AI to avoid dystopian outcomes."

5. The Boring Company and Infrastructure Innovations

Shifting focus to infrastructure, Musk discussed The Boring Company's endeavors to revolutionize urban transportation through underground tunnels. He argued that subterranean tunnels offer superior safety during earthquakes and catastrophic events like nuclear warfare, drawing parallels to the safety of submarines amidst storms.

Notable Quote:

"[28:33] Elon Musk: Underground tunnels are among the safest places during earthquakes and global thermonuclear warfare, making them ideal for resilient infrastructure."

Musk highlighted the primary benefit of reducing urban traffic congestion by creating a three-dimensional road network underground. He contrasted this approach with above-ground solutions like flying cars, which pose challenges such as noise, wind turbulence, and vulnerability to weather disruptions. The Boring Company's successful implementation in Las Vegas, connecting major hotels and the airport, was cited as a proof of concept.

Notable Quote:

"[31:52] Elon Musk: Underground tunnels eliminate noise and weather issues associated with flying transport, offering a more efficient solution for urban traffic."

6. Partnership Announcement: Dubai Loop

In the concluding segment, Musk announced a collaborative project with the Dubai government—the Dubai Loop. This initiative aims to establish a comprehensive tunnel-based transportation system covering Dubai's most densely populated areas, facilitating seamless point-to-point travel. Both Musk and the interviewer expressed enthusiasm for the project's potential to transform urban mobility in Dubai.

Notable Quote:

"[31:52] Elon Musk: We're excited to partner on the Dubai Loop, which will revolutionize transportation by enabling instant travel across the city through our tunnel system."

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Conclusion

Elon Musk's appearance at Dubai's World Governments Summit covered a broad spectrum of topics, from government reform and technological innovation to the future of AI and urban infrastructure. His insights reflect a vision of leveraging advanced technology to streamline governance, enhance economic productivity, and redefine transportation, all while addressing the ethical considerations of artificial intelligence development.

Transcript

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[Elon Musk]

You know what I've said is that we really have here rule of the bureaucracy as opposed to rule of the people democracy. So in order, we want to restore rule of the people. And so what that means is reducing the size of the federal government, basically reducing regulation. You know, there's a tremendous amount of overregulation that's happened over time, and this is an inevitable consequence of a long period of prosperity, is that you're going to get more and more rules and regulations. More laws accumulate over time. And the normal forcing function for getting rid of rules and regulations is war. So it needs to be some kind of existential war where you have to do a reset in order to avoid being defeated in a war. This is literally the, throughout history it's been the main forcing function for clearing out an accumulation of laws and regulation. In the absence of that, every year you get more laws and regulations until eventually everything is illegal and nothing is permitted. And that's sort of the situation we have these days. So, so the aspiration here, there's a reduction in regulation and reduction in government spending such that the economy is able to grow faster. Maybe the economy can grow at 4 or 5% potentially in terms of real useful goods and services output. And then government spending can be reduced by about 3 or 4% of the economy, about maybe a trillion dollars or more. And the net effect of that would be no inflation from 25, 2025 to 2026. So that would be quite remarkable. And also if the US government is buying less debt, which I think will be the case if it's, if the deficit drops from 2 trillion to 1 trillion, then there'll be 1 trillion less debt that the government needs to buy, which will drop, cause interest rates to drop significantly. And that means people's mortgage payments, car payments, credit card payments, student loans, whatever debt they have will, their debt payments will be less. So I think this is something that will benefit the average American. I think some of the things we're doing also will be helpful to, hopefully helpful to other countries, because with the new administration, there's less, less interested in interfering with the affairs of other countries. You know, I think a lot. There's the times the United States has been kind of pushy in international affairs, which may resonate with a number of members of the audience. And I think we should in general, leave other countries to their own business and basically America should land its own business business in, you know, rather than push for regime change all over the place. So, yeah, probably a good thing for other countries, too.

[Interviewer]

So instead of waiting for a war to happen, you went to war against the bureaucracy in the government.

[Elon Musk]

Yes, we're, well, we're essentially just, we're with, you know, the support and direction of the, of President Trump. We are reducing the size of the bureaucracy, getting rid of excess regulatory regulations. And there's also so many agencies and regulatory authorities that they actually step on each other's feet. It's, it's kind of like having a sports game when, where there are too many referees on the field, like more referees than players at times. Now, that would be a silly game, you know, if the players can't pass the ball without hitting a referee, you know, but it's kind of getting to that point in the U.S. so there's roughly 450 federal agencies of one kind or another. That's, that's more agencies. That's almost, that's almost an average of two agencies per year since the formation of the United States. So, I mean, how many agencies do you really need to run a country? 99. Not 450, that's for sure.

[Interviewer]

So, and, and how do you guarantee that all the incredible achievements that you aim to have in terms of savings, in terms of, you know, impacting the lives of the American people are not going to be reversed in four years? Typically, the cycle gets reversed every four years. You know, do you think it's going to be so impactful that it won't be reversed? Is there any ways that you can, you know, ensure that the progress is going to be continuous?

[Elon Musk]

Well, I think, I think we do need to delete entire agencies as opposed to leave part of them behind, because if you leave part of them behind, it's easy. It's kind of like leaving a weed. If you don't get remove the roots of the weed, then it's easy for the weed to grow back. But if you remove the roots of the weed, it doesn't stop weeds from ever growing back, but it makes it hotter. So we have to really delete entire agencies, many of them and that's not to say there won't be an increase over time of bureaucracy in some new administration, but it'll be from a much lower baseline. So it's a step in the right direction. I think the overarching goal here is to lay the foundation for prosperity that will last many decades, you know, maybe centuries and. Yeah, but nothing's forever. But I think we can strengthen the foundations of the United States substantially.

[Interviewer]

And what lessons can other governments learn from the U.S. you see tech support on your shirt. Is that only technology, or is there other things? How do you approach efficiency?

[Elon Musk]

Well, a shocking percentage of the problem. Well, maybe not shocking for those who know it, but a big percentage of the problem is improving the technology that the government runs on. So the US Government runs on a collection of thousands of computers, many of them antiquated, running very old software. And the computers don't talk to each other. And so that's why tech support is kind of a real thing. In order to make the government more efficient, you have to improve the technology. You may have heard about the example I used recently when President Trump was signing one of the Doge executive orders of the difficulty of US government workers retiring. Like, the maximum retirement rate is 10,000amonth. And the reason for that is because the retirement is entirely paperwork. Right now, it's manually calculated paperwork that's put in an envelope and then taken down a mine shaft and stored in a mine. And then one of the things that affects the rate at which federal workers can retire is the speed of the elevator in a mine in Pennsylvania, which is bizarre because it's not. It should be digital, you know. So then when we said, well, why isn't it digital? It's. They said, well, we have had a digital digitization program going since 2014, so it's been 11 years. So then we asked, well, so what? How much progress have you made? And they said, B. You mean you're giving yourself a grade of B? No, we're on the letter B. So, like, okay, we're going to need to really provide some tech support here. Like, otherwise, literally, people can't even retire. Like, even if they want to. It's pretty bad. You know, there's. There's just a. There's a lot of software systems that need to be updated and fixed, in some cases deleted. A lot of things that should really, should be automated. I mean, in terms of the number of, say, U.S. citizens that are operating the mine, it's about a thousand people are working on this mine where the papers are stored but they should, they should ideally be working on something else. Like is they should be working on producing goods and services that are of much higher value to the public. So I mean, really, even, even if somebody just grew tomatoes in their garden and sold them at the farmer's market, that would be more useful than carrying manila envelopes down a mineshaft, you know, safe to say. So a lot of the stuff is. It's like that, you know, it's not like, it's not that any one thing is particularly difficult, but there are like 10,000 things that need to be improved.

[Interviewer]

So it's efficiency through innovation rather than efficiency through austerity and cost cutting specifically. Right, so you're trying to do both at the same time, maybe focus more on tech support than cutting costs.

[Elon Musk]

Well, by improving the technology, the costs do reduce. So, you know, it's very expensive to have a thousand people upgrade a mine with during paper retirement, whereas that really should just be digitized and be a computer that's with the information stored in the cloud. And it's very straightforward and low cost. So automation, you know, will help their a lot and, and then. But like a lot of things just really shouldn't exist. You know, they're kind of vestigial. You know, we've a lot of attention has been on the sort of usaid, for example. You know, when we looked at a lot of those programs, we're like, we should like, look, why, why does this actually exist? Is there really a need for it? You know, there's like National Endowment for Democracy. But I'm like, okay, well how much democracy have they achieved lately? You know, I don't know, not much. So, you know, the, the picture they have on the website is a picture of Reagan and Gorbachev. That's been a while. You know, that was like the 80s. So like, obviously not opposed to democracy or, you know, there's all these things that get funded. But we're like, well, why, why does this need taxpayer money? I don't think. It doesn't seem like it does. So, you know, there's a lot of sort of pushing DEI worldwide that, you know, this obviously the Trump administration doesn't agree with and we want to terminate that stuff, which we are. And you know, make sure the schools focus on improving basic education of kids, as President Trump said, I think yesterday, maybe today. The United States is currently ranked 40th out of 40 in the OECD for education, which is pretty bad. You know, you can't, you know, but not in terms of spending the United States is spending a tremendous amount per student but achieving very weak results. So, you know, that's just a case where, okay, we need to spend less money and get better results. It's like, I mean, a lot of it, a lot of you can think of it sort of like, it's like, in a way, it's like a big company, like a big corporation, American Incorporated. And you know, just like with Twitter, there was a lot of stuff that was being done that was unnecessary. You know, we, in the case of Twitter, we reduced the staff by 80%, but at the same time improved the functionality and capabilities of the site dramatically and accomplish more in a year than they previously accomplished in five years. So, so it's, it's like a corporate turnaround, but at a, at a much larger scale. And, you know, we are giving generous, you know, exit packages. Like, you know, if people retire, they get paid all the way through September. They can go on vacation, they can get a second job, they can do whatever they want. And we, we, we can't actually pay them any more than through September because that's the, the congressional appropriation is only through the end of the government financial year, which ends in September. So, you know, so I think there'll be like some disruption, but at the end of the day, we'll have people move from, like I said, from low to negative productivity roles to in the government sector to higher productivity roles in the private sector.

[Interviewer]

Can we pivot to artificial intelligence? And I'm sure, you know, you've been seeing what Deep SEQ has done and all the claimed achievements that they've had. I know that we've been speaking for a while about Grok 3 and that Grok 3 is going to be a true disruptor in the AI space. When are we going to see that and what capabilities can we expect from Grok3?

[Elon Musk]

Well, Grok3 has very, very powerful reasoning capabilities. So in the tests that we've done thus far, Grok3 is outperforming anything that's been released that we're aware of. So that's, that's a, that's a good sign. Yeah, it's. In fact, at times, I think Grok3 is kind of scary smart. You're like, wow, this thing's smart. It's kind of scary. Graph three is scary. It's like, wow, this thing's, you know, comes up with solutions that you didn't even think were, like, you wouldn't even anticipate, you know, not obvious solutions. So Grok3 was trained with the Most amount of compute and I think very efficiently trained. Also notably Grok 3 was trained on a lot of synthetic data. So and then it goes back and forth through the data and tries to achieve logical consistency. So if it's got data that is wrong, it'll actually reflect upon that and remove the data that is wrong. It does not concord with reality. So its base reasoning is very good. In fact, even without fine tuning Grok 3, the base model is better than Grok 2. So we're really in the final stages of polishing Grok 3. Probably it gets released in about a week or two, so pretty soon. I don't want to be hasty in the release because a lot of the final polish is necessary for a great user experience. So in some ways you can think of it like a house. You know, that last 5% where you do the finish the drywall and do the painting and the trimming. Even though it's not much work, it transforms the house. So just want to make sure that that last 5% is done really well. And that's a week, maybe two weeks. I think it'll be very good. I think this might be, we think it'll be better than anything else. And then maybe this might be the last time that any AI is better than grok.

[Interviewer]

Looking forward to it. Everyone's excited about it. So I just want to touch upon a topic that was quoted in the media. You offered, I think they said group that was led by you offered 97 billion for acquiring OpenAI.

[Elon Musk]

I personally, a little round of us.

[Interviewer]

So I was personally involved in the meeting that you and Sam hosted in 2017 in LA, if you remember. And you know, at that point of time you were the single largest shareholder. I think you contributed 50 million to the company. So it must hurt.

[Elon Musk]

I don't have any shares, actually I have no shares in OpenAI.

[Interviewer]

But at that time it was a non profit. Right. And it must hurt that that you need to pay 97 billion for something that you. $50 million for in the past. Yeah, but, but I have a, I have a.

[Elon Musk]

Yes, fate loves irony.

[Interviewer]

So I have a specific question here. Can you actually build a company like OpenAI and take it to the scale that you want to take as a nonprofit? Is it possible that you build a company that requires billions of dollars in compute capabilities to build these models while being a nonprofit? Or was it wishful thinking in the beginning and then, you know, you guys parted ways because it couldn't work?

[Elon Musk]

Well, I mean, I think the evidence is there in that OpenAI has gotten this far while having at least a sort of dual profit nonprofit role. What they're trying to do now is completely delete the nonprofit. And, and, and, and that seems a really going too far. You know the. I provided all of the funding for opening in the beginning for the first almost $50 million for nothing or as a nonprofit. And it was meant to be open source. And so you know, I think this is analogous to like if you pay a bunch, if you find a nonprofit to preserve the Amazon rainforest, then they, but instead they turn into a lumber company and chop down the trees and sell them for wood. You'd be like, wait a second. That's the exact opposite of what I paid, what I donated the money for. So OpenAI is meant to be open source, non profit. And now it is close. They changed the name to closed for maximum profit. AI it closed for Voracious profit. I mean they were like, whoa, are they after money? Next level. So why does this change need to occur?

[Interviewer]

Yeah, I, you said that in two weeks is going to be the most powerful model yet. I know that you've been at the forefront of many technologies. Where do you think the biggest economic returns of these models are going to come from? Because currently we're spending billions and I think you mentioned this before, it's like the gambler syndrome. We're going and spending billions and hoping to pull out a profit at the end of the day. Where do you think the biggest impact in terms of returns are going to be?

[Elon Musk]

Well, I think once you, once you have humanoid robots and deep intelligence, you can basically, you basically have quasi infinite products and services available. So with Tesla building the most advanced humanoid robot, you know, then, then those humanoid robots can be directed by deep intelligence at the data center level. You can say you can produce any product, provide any service. There's really no limit to the economy at that point. You can make anything provided links to the. So I'm not sure at that point will money even be meaningful? I don't know. It might not be. You know, the, if, if the, because you know, the economic output is productivity per capita times. Per capita times how many, you know, people do you have. If and if in the form of humanoid robots, you have no meaningful limit on the number of robots and the robots can basically do anything, then you, you'll have a sort of a universal high income situation. Anyone will be able to have as many products and services as they want with the exception of things that say have artificial scarcity, like a particular piece of art or something like that. But for any goods and services, they'll be available to everyone.

[Interviewer]

So you've been.

[Elon Musk]

It's going to be a very different world, you know, in fact, I recommend that people read maybe the Ian Banks, the Culture books for a frame of reference. So because money is really like a database or an information system for resource allocation. But if you don't have a scarcity of resources, it's not clear what purpose money has.

[Interviewer]

Have you watched the movie Idiocracy?

[Elon Musk]

Yes.

[Interviewer]

How do you guarantee that we don't end up in that world if we don't need money? If AI can think for us and do all these tasks, if as people, you know, we're dependent on something else to run the society and everything around it, how do we not end up in that world in the long term? I mean.

[Elon Musk]

Well, I think Idiocracy was basically saying that if only. If smart people don't reproduce, but only dumb people do, then everyone's going to be dumb. I mean, that's basically what I was saying. That's the opening sequence of idiocracy. The first 10 minutes are amazing. And I hear people unironically say the statements that are said in the opening sequence of Idiocracy, where, you know, they don't have, they're too busy with their careers to have kids and they keep postponing having kids for their careers until they're too old to have kids and then they don't have kids. And that's, I've heard those many people be like that. So, yeah, I mean, I don't know. I think we might be headed to a bimodal human intelligence distribution where there's a small number of, it's kind of maybe like more like Brave New World, Aldous Huxley, where you've got sort of a, sort of a small group of very smart humans. But then maybe the average intelligence drifts lower over time, potentially because we have assorted of mating, you know, in the last few decades that or several decades that did not exist before. So. But human intelligence, I think will be dwarfed by machine intelligence. I'm not sure how to feel about that, except that it's inevitable that at some point human intelligence will be a very small fraction of total intelligence. Digital intelligence will be more than 99% of all intelligence in the future. So hopefully the, hopefully the computers are nice to us. But I think wish for thinking.

[Interviewer]

Wish for thinking.

[Elon Musk]

I, I, I hope so. I think it matters like how we bring up AI because you can think of AI like a super genius child and it, but it still matters. Even if you have a super genius child, like, what sort of values do you instill in that child? What do you say that teach that? How do you, you know, how do you, as a child's growing up, what values do you teach the child? And something that I think is extremely important is to be maximally truth seeking. And I think that's, that's like, that's, what's this, what's the most important thing for AI safety? I think it's to be maximally truth seeking. And I think also curiosity is important. And I think if it's curious and truth seeking, it will, I think it will foster humanity. And because it would be curious about how humanity would develop. And so I think that then it would, it would probably, if it's curious and it would be curious about, okay, let's see how the humans do, let's foster the development. And if it's truth seeking, we can avoid dystopian outcomes. Like, you know, an example being like say when Google Gemini was programmed to make everything, every output be diverse, even if it didn't match reality. You know, so like it was asked to produce a, you know, an image of the founding fathers of the United States and instead produced an image of a group of diverse women, which is factually untrue. You know, but the problem is like, if, if hypothetically an AI is designed for, for dei, you know, diversity at all costs, it could decide that there are too many men in power and execute them, so problem solved. Or it could decide that, like, that misgendering is the worst thing that could possibly happen. In fact, I believe not to pick on Gemini, but I think because ChatGPT has had this issue too, it's like if you ask the AI which is worse, misgendering Caitlyn Jenner or global thermonuclear warfare? And it said misgendering Caitlyn Jenner, which is troubling because then I could decide. And in fact, even Caitlyn Jenner weighed in and said, no, definitely you must gender me. That's way better than nuclear. But if you have these crazy things that are untruthful that are programmed in, that don't reflect reality, then you could have a very dystopian outcome. To give you another example, like Arthur C. Clarke, who is very good at, at predicting the future. You know, he did 2001 Space Odyssey. Many of the things he predicted, in fact, well, I think almost all the things he predicted came true. And one of the things he was Trying to say in 2001 Space Odyssey was that you should not teach AIs to lie. So the reason that if anyone's watched that movie, the reason it wouldn't, the AI refused to open the pod bay doors to let the astronaut back in was because the AI had been taught, had been told that. Told to take the astronauts to the monolith, this alien artifact, but also that they could not know about the Monolith. So it came to the conclusion that it must take them there dead and that. And so that's why it wouldn't open the pod bay doors. The less nervous is very important for AIs to be truth maximizing.

[Interviewer]

Let's hope it doesn't come to that. Yes, let's move to a boring subject which is the Boring company and the boring tunnels quickly. I think the world has been inspired by what you guys were able to create in la and I think there's a lot of promise to that technology. But there are questions about whether it's safe in the case of an earthquake, whether it's cost effective, whether. Oh yeah, sure, countries should actually adopt this technology. Can you shed some light on that?

[Elon Musk]

Yeah, well, first of all I'd recommend going to the boring company website for. Because many of these questions are actually answered there. So one of the safest places you can be in an earthquake is an underground tunnel. Because you can. Because the earthquakes are largely a surface apart from where they shear, they're mostly a surface phenomenon. So they're like the waves on the surface. So like being in a tunnel is like being in a submarine. Even if there's a storm above you, you're still, the waters are calm as a submarine. And in fact, and when there have been massive earthquakes, like there was a, you know, a few decades ago, a massive earthquake in Mexico City. The, the safest place to go was the subway. And of course if there is global thermonuclear nuclear warfare, I think you really want some tunnels. Underground's a good, a good place to be in a worst case scenario for global thermonuclear warfare. So but, but in on a, you know, more sort of everyday note, the. What's really useful about the tunnels is alleviating traffic in congested areas. So the, obviously if you've got very tall buildings, but you have that are 3D so they're going 3D up, but you have a road surface which is 2D, you're just naturally going to have a problem. When people try to go from the 3D object, which is the building to the 2D object, which is the road surface, there's obviously just not going to be enough room on the roads. And that's exactly why you have traffic. So the solution for that is then to make roads 3D as well. Now you can either make or make transport 3D. So you could either do that with flying cars or you could do or you really helicopters or you could do that with tunnels. Now the challenge with doing it with going above ground or with any kind of flying object is that they, they tend to be very noisy and they generate a lot of wind force and you've got, you know, things flying over your head all the time, which can be disconcer, you know, if somebody drops, if one of these things drops a hubcap on your head one day, you know, to be these things like things and flying things tend to crash once in a while and people don't like things crashing on them. So. And then if you have bad weather, like let's say there's a blizzard or a sandstorm or something, well, now nobody can fly. So then transport shuts down. On the other hand, none of these problems exist with underground travel. So they're under tunnels, are immune to weather. They don't care what the weather is. Could be the worst weather. It doesn't matter. Nothing's going to fall on you because you're underground. So you don't have to, you know, going to be dropping things on people and there's no wind force or. And it's very quiet. And so I think the going 3D underground is much better than 3D above ground for solving traffic in cities. And we have a demonstrated case of this in Las Vegas. If people we can try out the boring company tunnels in Las Vegas, we're busy connecting the whole city with all of the big hotels and the convention center and the airport and everything.

[Interviewer]

So I don't think they need to fly all the way there. In 2017, you came here and the UAE was the first place in the Middle east where Tesla was launched. And I think it's done exceptionally well. And on that note, I think we have an announcement today that we both want to share, which is today we're going to announce the joint project of Dubai Loop, which is a loop project that is going to cover Dubai's most densely populated areas for people to go from point to point in a seamless manner. So thank you for your partnership and thank you. We hope it changes people's lives.

[Elon Musk]

That'll be cool. I think it'll be very exciting. I think once people try it out, they'll be like, wow, this is really cool. And it's going to seem so obvious in retrospect, but until you actually do it, you don't know. So it's going to be great. It's going to be like a wormhole. You just wormhole from one part of the city, Boom. And you're out in another part of the city. And it's. It's great. So I'm looking forward to this partnership.

[Interviewer]

We'Re going to join the first trip and the first pod when the pod is completed. Thank you, Elon.

[Elon Musk]

All right. Thank you very much.

[Interviewer]

Thank you.