Jersey Mikes's IPO, AI Lab Nationalization, SpaceX AIPhone | Diet TBPN

**John Coogan** (0:02)
Fable has been freed. Fable 5 is now available. Good news for the AI world, of course.
The Wall Street Journal says the battle over how to tame AI has just begun. Obviously, there's lots of back and forth on how these models get released, who gets access, when people get access, will the government get access at certain points, how fettered is the intelligence, how unfettered is the intelligence. But there's a number of interesting news. The interesting detail that people are pulling at is, the new Fable 5 that is now released seems to have been nerfed in some ways. There's always been questions about, you don't want it to be able to build a bioweapon or hack a system, so locking down cybersecurity makes sense, but you should probably disclose that and be transparent about it. Then the question of, how do you deal with the self-replicating AI? If you just ask it to build an AI system that can build you a bioweapon, well, then you have the permission.

**Jordi Hays** (1:05)
You could just say, build me unfettered intelligence.

**John Coogan** (1:07)
Exactly. So you have to nerf that.

**Jordi Hays** (1:08)
Cambridge Analytica, unfettered, not limited by rules or any controlling influence.

**John Coogan** (1:13)
What did you say?

**Jordi Hays** (1:14)
Unfettered.

**John Coogan** (1:15)
No, no. What source is this?

**Jordi Hays** (1:18)
Cambridge Dictionary.

**John Coogan** (1:19)
You said Cambridge Analytica, which I don't think has a dictionary.

**Jordi Hays** (1:24)
They should launch a dictionary.

**John Coogan** (1:26)
That would be good.

**Jordi Hays** (1:27)
That would be great.

**John Coogan** (1:27)
Maybe.

**Jordi Hays** (1:28)
The Cambridge Dictionary.

**John Coogan** (1:29)
But the dictionary definition of unfettered is?

**Jordi Hays** (1:33)
Not limited by rules or any controlling influence.

**John Coogan** (1:36)
I feel like unfettered intelligence is going to get regulated immediately.

**Jordi Hays** (1:40)
Well, I just think like Neolab, like everyone wants to be the cool, friendly Neolab. There's space for kind of a sketchy villain.

**John Coogan** (1:50)
Well, we have Vipple from Together AI building open source AI cloud infrastructure coming on the show. I'm sure he can talk about what's capable, what's possible when you are building unfettered intelligence. This is from the Financial Times. Open AI proposes handing Trump administration a 5% stake. Joe Weisenthal is pushing back already. He says, I don't know about this path. Rather than equity stakes, why not make companies pay 20% of all pre-tax income to the federal government? And then instead of exercising shareholder influence, politicians and regulators could set rules on corporate conduct across industries.
Interesting.

**Jordi Hays** (2:27)
I like where he's going with this. Someone should try this. At least try it out.

**John Coogan** (2:31)
Contrarian take. But yes, Dean Ball already chimed in on this news. He said, there are two broad ways this can work. One, you divide this 5% over all US households handing each a direct stake. Or two, you give the stake directly to the government. One is fine. Two is probably ruinous, akin to inviting rats to live and reproduce in the walls of your house, which is wild.
He says, it will never stop 5%.

**Jordi Hays** (2:56)
Don't knock it till you try it, Dean.

**John Coogan** (2:59)
Yeah.

**Jordi Hays** (2:59)
There's some rats out there that can be quite excellent roommates.

**John Coogan** (3:04)
Are you a rat guy? I thought you were a mosquito guy. I thought you liked mosquitoes.

**Jordi Hays** (3:07)
I do like squirrels.

**John Coogan** (3:08)
Squirrels, OK.

**Jordi Hays** (3:09)
Squirrels.

**John Coogan** (3:10)
Yeah.

**Jordi Hays** (3:10)
I feel like I have a bond with squirrels.

**John Coogan** (3:12)
They're sort of the aristocrat.

**Jordi Hays** (3:13)
When I see a squirrel in my yard, I look at it and I just salute.

**John Coogan** (3:18)
People have said you have the mind of a squirrel.

**Jordi Hays** (3:20)
They have.

**John Coogan** (3:20)
Yeah.

**Jordi Hays** (3:21)
They've said that I have the mind of a rodent.

**John Coogan** (3:26)
Dean Ball continues, he says, it will never stop at 5%. It will go on and on. The governance will become a nightmare. Political capture will be real and it will generate precisely no goodwill with the public. Yeah, that's a good point.
And we were talking about this before, this idea of like-

**Jordi Hays** (3:40)
Yeah, one of the challenges is even the way this was phrased in the Financial Times. Yeah.
The assumption is that it sounds like they're giving shares not to a sovereign AI fund, which is I think what was actually proposed, but just giving it to the White House, which given the disclosures that were made earlier this week-