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00:00just a lower baseline. So, it's a step in the right direction.
00:05Well, I mean, Grok 3 has very powerful reasoning capabilities. So, in the tests that we've done
00:14thus far, Grok 3 is outperforming anything that's been released that we're aware of,
00:20after money next level. So, why does this change need to occur? We're really in the
00:27final stages of publishing Grok 3. Probably, it gets released in about a week or two. So,
00:35pretty soon. And hoping to pull out a profit at the end of the day. Where do you think the
00:39biggest impact in terms of returns are going to be? And that's a week, maybe two weeks. I think
00:46it'll be very good. And I think this might be, we think it'll be better than anything else.
00:52And then maybe, this might be the last time that any AI is better than Grok.
01:04Well, I mean, I think the evidence is there in that OpenAI has gotten this far,
01:10while having at least a sort of dual profit, non-profit role. What they're trying to do now
01:16is completely delete the non-profit. And that seems really going too far.
01:28Yeah, I mean, I don't know. I think we might be headed to a bimodal...
01:33But human intelligence, I think, will be dwarfed by machine intelligence.
01:38I'm not sure how to feel about that, except that it is inevitable.
01:43That at some point, human intelligence will be a very small fraction of total intelligence.
01:52Digital intelligence will be more than 99% of all intelligence in the future.
01:58What values do you teach the child? And something that I think is extremely, I think,
02:04improving government efficiency, I think, was like, almost 70% support. So quite a lot,
02:09basically, more than any other issue. So I think the people are very supportive.
02:16Obviously, there's certain elements of the bureaucracy that are not supportive,
02:19because we are moving them from the government sector to the private sector.
02:24Average American. I think some of the things we're doing also will be helpful to...
02:30We really have here rule of the bureaucracy, as opposed to rule of the people, democracy.
02:40In order, we want to restore rule of the people. And so what that means is
02:44reducing the size of the federal government.
02:49B? No, we're on the letter B. So like, hmm. The aspiration here is a reduction in regulation
02:59and reduction in government spending such that the economy is able to grow faster.
03:06And maybe the economy can grow at 4% or 5% potentially, in terms of real useful goods
03:13and services output. And then government spending can be reduced by about 3% or 4% of the economy,
03:21about maybe a trillion dollars or more. And the net effect of that would be no inflation
03:27from 2025 to 2026. So that would be quite remarkable, because that's the congressional
03:34appropriation. It's only through the end of the government financials.
03:38The times in the United States has been kind of pushy in international affairs,
03:44which may resonate with a number of members of the audience. And I think we should,
03:49in general, leave other countries to their own business. And basically, America should
03:55mind its own business, you know, rather than push for regime change all over the place.
04:02In some ways, you can think of it like a house, you know, that last 5% where you...
04:08Well, I think we do need to delete entire agencies, as opposed to leave part of them
04:17behind. Because if you leave part of them behind, it's easy. It's kind of like leaving a weed. If
04:22you don't remove the roots of the weed, then it's easy for the weed to grow back. But if
04:27you remove the roots of the weed, it doesn't stop weeds from ever growing back, but it makes it
04:31harder. And so, you know, I think this is analogous to, like, if you pay a bunch...
04:37Which is, today, we're going to announce the joint project of Dubai Loop, which is a loop
04:44project that is going to cover Dubai's most densely populated areas for people to go from
04:49point to point in a seamless manner. So thank you for your partnership.
04:53Well, thank you.
04:54We hope it changes people's lives.
04:58I think once people try it out, they'll be like, wow, this is really cool.
05:01Thank you, Elon.
05:02All right. Thank you very much.