Best Podcast Episodes About World Economic Forum
Everything podcasters are saying about World Economic Forum — curated from top podcasts
Updated: Apr 27, 2026 – 60 episodes
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Ridealong has curated the best and most interesting podcasts and clips about World Economic Forum.
Top Podcast Clips About World Economic Forum
“So Trump showed up to the World Economic Forum, achieved a deal on Greenland through force. Interesting, I think he's just buying it. He's giving everyone in Greenland $100,000, by the way. Everyone in Greenland's getting like $105,000 so that we can have Greenland. So here, I mean, I guess this is Trump's board of peace. Donald Trump has now done a board of peace. Here's what's happened. Everything is a scripted reality show. I criticize ICE. People get mad at me. They're like, well, how …”
“So Trump showed up to the World Economic Forum, achieved a deal on Greenland through force. Interesting, I think he's just buying it. He's giving everyone in Greenland $100,000, by the way. Everyone in Greenland's getting like $105,000 so that we can have Greenland. So here, I mean, I guess this is Trump's board of peace. Donald Trump has now done a board of peace. Here's what's happened. Everything is a scripted reality show. I criticize ICE. People get mad at me. They're like, well, how do you think people should be deported, dah, dah, dah, dah? Number one, you can pass legislation, which they haven't done. All of the stuff they've done on immigration is through executive orders, a lot of it. It will be reversed immediately by a Democratic president. That's number one. Number two, if you pass legislation and then attach enforcement …”
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Trump's approach to immigration is more like a reality show than a serious policy, stirring chaos without real solutions. Instead of passing legislation, his administration relies on executive orders, leading to protests and violence while ignoring the employers who exploit illegal labor. The long-term consequences of this spectacle are detrimental to both immigrants and the economy, especially in real estate.
“… will be joined by someone who actually knows the numbers. I actually use the report she creates every two years. It's called the Jobs Report by the World Economic Forum, and I was just there. She knows all the numbers, and she knows exactly what's happening on the job market. Are these layoffs AI? Should we be afraid? Should we be scared? Or are companies just using the word AI to justify layoffs? By the end, you'll know which jobs are actually at risk, what AI native really means, and what you can practically do in the next 90 days to future-proof your career, even if you're not a tech person. I'm not a tech …”
“… AI took my job posts. Is this the beginning of a jobless future? Or are companies just slapping AI on old-school layoffs to make them sound innovative? Today we're going to look at the data, the companies, and the people behind the headlines. And I will be joined by someone who actually knows the numbers. I actually use the report she creates every two years. It's called the Jobs Report by the World Economic Forum, and I was just there. She knows all the numbers, and she knows exactly what's happening on the job market. Are these layoffs AI? Should we be afraid? Should we be scared? Or are companies just using the word AI to justify layoffs? By the end, you'll know which jobs are actually at risk, what AI native really means, and what you can practically do in the next 90 days to future-proof your career, even if you're not a tech person. I'm not a tech person, but I'm using so much of AI. I'm going to talk about this. So what's going on on the market? Let's start with the headline that broke the internet. Jack Dorsey and Block. 4,000 people. So Block is the company behind Square, Cash App, and Afterpay, and they announced that they're cutting 40% of its workforce, more than 4,000 people, bringing …”
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Many companies, like Jack Dorsey's Block, are citing AI as the reason for massive layoffs, but is this just a convenient excuse for overhiring? Saadia Zahidi from the World Economic Forum reveals that while AI is indeed reshaping jobs, many firms are using it to justify cuts that were already necessary. By understanding this trend, you can better prepare your career for the future.
“… three different speeds happening here. You have the speed at which individual people can adjust. How fast can I learn new skills, figure out a new world, learn AI, whatever it might be. you have the speed at which the ai systems which a couple of years ago were not capable of doing the work of a median college grad from a good school and you have the speed of policy and the speed at which the ai systems are getting better and able to do more things is quite fast i mean that is you experience this more than i do but i find it hard to even cover this because you know within three months something …”
“… China shock wasn't exactly like that, but that you expect to pass and then the market is sort of normal. In this case, what you have is a technology that if what you want to have happen happens, the technology is accelerating. So what you have is like three different speeds happening here. You have the speed at which individual people can adjust. How fast can I learn new skills, figure out a new world, learn AI, whatever it might be. you have the speed at which the ai systems which a couple of years ago were not capable of doing the work of a median college grad from a good school and you have the speed of policy and the speed at which the ai systems are getting better and able to do more things is quite fast i mean that is you experience this more than i do but i find it hard to even cover this because you know within three months something else will have come out that has significantly changed what is possible I had a baby recently and came back from paternity leave to the new systems we built, was deeply surprised. Individual humans are moving more slowly than that. And policy and government institutions move a lot more slowly than individual human beings. And so typically the …”
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The rapid advancement of AI technology could create significant economic growth, but it may also lead to job disruptions that outpace workers' ability to adapt. As AI systems evolve faster than human skills and policy responses, the challenge lies in ensuring that this growth translates into new job opportunities rather than exacerbating existing inequalities. Policymakers must recognize that this technological shift is not temporary and requires a proactive approach to workforce development.
“… dealing with less customers they can control people easier and so the statistics that you're talking about, about young farmers, you know, the World Economic Forum talked about that. You'll own nothing and you'll be happy. This is a part of it. 25% of Iowa's farmland, at least 25%, is now owned by people who don't live in the state, out-of-state funds and investors. A quarter of my state is owned by people who will never go to a Friday night football game in our small town, who aren't shopping on our main streets. Like this is in line with Blackstone buying single family homes The same thing is happening …”
“… communities and our rural communities in Iowa in the Midwest they're on life support but these companies want to work with bigger and bigger producers and we know that we know we know why they want to do that it's easier they have less cost when they're dealing with less customers they can control people easier and so the statistics that you're talking about, about young farmers, you know, the World Economic Forum talked about that. You'll own nothing and you'll be happy. This is a part of it. 25% of Iowa's farmland, at least 25%, is now owned by people who don't live in the state, out-of-state funds and investors. A quarter of my state is owned by people who will never go to a Friday night football game in our small town, who aren't shopping on our main streets. Like this is in line with Blackstone buying single family homes The same thing is happening to our agriculture community The thing that so difficult for what I trying to undertake right now is to get to the farmers to help them understand that this is happening on purpose They don't want more family farms. As a matter of fact, if you go to the WF, they don't want sovereignty for our country. And so what's one of the ways you can strip …”
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Zach Lahn discusses the detrimental effects of big agriculture on family farms in Iowa, revealing that over 25% of the state's farmland is now owned by out-of-state investors. He argues that this consolidation strips rural communities of their vitality and sovereignty, as these investors are disconnected from local life. Lahn emphasizes the urgency of addressing these issues before the agricultural landscape is irrevocably changed.
“… virus, you mean? Correct. Understood. Okay, let's back up one second. I just want to look at CEPI. Who created CEPI? Bring that back up. CEPI was a World Economic Forum and the Gates Foundation. You'll find, I think, the government of Germany and India, I believe, was involved as well. But this is a richly funded, multi-billion dollar organization. You just can't imagine how big these units are. Oh, I can totally. You look at the industrial war complex, and now you start to see it's the industrial medical complex, right? That's the new one that really seems like it's sprouted over the past 20 years. Correct. …”
“… on it, and the federal government. Daszak was at the EcoHealth Alliance. It's a go-between organization that was shuttling money for Barak's projects over to Wuhan. Daszak had been to Wuhan many, many times. He knew that lab well. To create the virus, you mean? Correct. Understood. Okay, let's back up one second. I just want to look at CEPI. Who created CEPI? Bring that back up. CEPI was a World Economic Forum and the Gates Foundation. You'll find, I think, the government of Germany and India, I believe, was involved as well. But this is a richly funded, multi-billion dollar organization. You just can't imagine how big these units are. Oh, I can totally. You look at the industrial war complex, and now you start to see it's the industrial medical complex, right? That's the new one that really seems like it's sprouted over the past 20 years. Correct. Right here. CEPI is The Coalition for Epidemic Preparedness Innovations, a global organization focused on accelerating vaccine – Vaccine development. Okay, sorry. It was created in 2017 through a partnership between the governments of Norway and India, the Wellcome Trust, and the Bill and Melinda Gates Foundation. Yep. And go back. To disease X, I …”
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In this segment, Dr. McCullough humorously unravels the concept of 'Disease X' as a plan for a pandemic that doesn't even exist yet. His witty commentary on the 'bioindustrial complex' makes for an entertaining critique of how organizations might be orchestrating responses to health crises, leaving listeners both amused and bewildered.
“Yes, I worked with UN, Interpol, World Economic Forum, World Health Organization. I mean, basically, I try to help whoever I can in terms of putting ethics into practice in the bigger platform. That's a big, big platform. I'm going to say this, that before your work in technology, you were on the full-time faculty at the University of Hong Kong Medical School and an ethics researcher at the Harvard Law School. Cara, I'm kind of starstruck, are you? Oh, yeah. And, you know, it's actually pretty …”
“Yes, I worked with UN, Interpol, World Economic Forum, World Health Organization. I mean, basically, I try to help whoever I can in terms of putting ethics into practice in the bigger platform. That's a big, big platform. I'm going to say this, that before your work in technology, you were on the full-time faculty at the University of Hong Kong Medical School and an ethics researcher at the Harvard Law School. Cara, I'm kind of starstruck, are you? Oh, yeah. And, you know, it's actually pretty cool when you think about, like, health and then law. Those are two really big areas where the ethics are pretty critical to the functioning of those disciplines, obviously. I think for your audience who may think like, well, how does, why does she do AI ethics now after, you know, being in medical school and being in law? I think exactly that …”
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Jansu Jansha emphasizes that philosophy is crucial for addressing ethical questions in AI, just as it is in public health and law. With experience at prestigious institutions like Harvard and the University of Hong Kong, she highlights how philosophical thinking helps navigate the complexities of AI adoption in society. By embedding herself in academia, she advocates for impartial and structured approaches to these high-stakes ethical dilemmas.
“… are supposed to achieve. The lessons that he's applying, the idea that team members can have more leverage, isn't just restricted to real world, physical, or blue collar businesses. It's available for anyone. And all of that is 100% true. The part that I want to explore is the context of physical real world businesses, and ones I think that are much smaller than even those being described by David in this piece. One of the things that makes AI so interesting is that it breaks the trend of the last couple hundred years where new technology changes tended to hit blue collar workers …”
“… long term is looking at it as an opportunity creation technology. We always talk about this in the context of efficiency AI versus opportunity AI. David is applying that to the mindset of corporate leaders who need to set goals for what their AI initiatives are supposed to achieve. The lessons that he's applying, the idea that team members can have more leverage, isn't just restricted to real world, physical, or blue collar businesses. It's available for anyone. And all of that is 100% true. The part that I want to explore is the context of physical real world businesses, and ones I think that are much smaller than even those being described by David in this piece. One of the things that makes AI so interesting is that it breaks the trend of the last couple hundred years where new technology changes tended to hit blue collar workers first, at least the negative side. Right now what we're seeing is that the places where the most realized disruption is happening is in fact in white collar roles. The way that people think about programmers themselves, for example, is changing. Now I think the jury is very much still out on how that all shakes out. We're going through a period where …”
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AI is not just a cost-cutting tool but a creator of opportunities, though its impact on job displacement, especially in white-collar sectors, remains uncertain.
AI is a dual-force technology that can both displace jobs and create new opportunities, with the potential for more programming jobs despite initial disruptions.
AI should be viewed as an opportunity creation technology rather than just a cost-cutting tool, with potential to increase programming jobs despite current displacement concerns.
AI should be seen as an opportunity creation technology rather than just a cost-cutting tool, with the potential to increase programming jobs despite current displacement concerns.
AI should be seen as an opportunity creation technology rather than just a cost-cutting tool, with potential for increased programming jobs despite current displacement concerns.
AI should be seen as an opportunity creation technology rather than just a cost-cutting tool, and while AI causes job displacement, other factors are also at play.
AI's impact on white-collar jobs is complex, with potential for both displacement and the creation of new opportunities, challenging the notion that AI is merely a cost-cutting tool.
“So, Daniel, you and I were at Davos recently at the World Economic Forum annual meeting. It's worth just taking a few minutes to give people a taste of what this experience is and what this week is really like, and the vibe in general about how people are talking about AI and what was different this year versus last year. Okay, we've gone twice this year. Last year, we went this year. Last year was full of these big, empty promises of AI. You know, AI was everywhere, but it was all just the thinnest possible …”
“So, Daniel, you and I were at Davos recently at the World Economic Forum annual meeting. It's worth just taking a few minutes to give people a taste of what this experience is and what this week is really like, and the vibe in general about how people are talking about AI and what was different this year versus last year. Okay, we've gone twice this year. Last year, we went this year. Last year was full of these big, empty promises of AI. You know, AI was everywhere, but it was all just the thinnest possible wrapper. AI is going to change the world and all this stuff, right? And it really felt like we were swimming upstream in 2025, talking about that. This year felt profoundly different. And I think it's because everyone's had one hell of a year. One, AI has gone from being speculative, like it could change the world, to people are feeling it's already …”
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At this year's Davos, discussions around AI shifted dramatically from empty promises to tangible realities, as leaders grappled with its immediate impacts. Unlike last year, when AI felt speculative, this year showcased the real consequences, including job losses and ethical dilemmas, prompting a more serious dialogue about stewarding technology for humanity's benefit. The Human Change House provided a refreshing counterpoint, focusing on the societal implications of AI amid the corporate-driven narrative dominating the event.
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W. Morgan Schuster, the American Treasury Secretary in early 20th century Persia, took a stand against European powers exploiting the nation. His efforts to reform the tax system and protect the Iranian economy led to outrage from the British and Russians, culminating in military intervention. Schuster's story highlights the complexities of foreign involvement in Iran during a critical period, as he genuinely sought to help the Persian people despite the overwhelming opposition he faced.
“… And they could have closed the airports down earlier. You don't think they intentionally did that to leave it open? Seven million people died. The world economy lost $16 trillion. China's not been held accountable yet. You think China's a trusted player? China didn't work by itself with that. The U.S. was involved with that. Who was it that was involved from Cuba? Everybody was. Not everybody. Who was everybody? I think a lot of the countries that were complicit with it, the ones that immediately were like, okay, we're going to go into this lockdown. We're going to force this vaccination on …”
“… leaked out of China, right? And they could have done something about it. For many years, they're like, no, you can't say that. It didn't come from China. It came from somewhere else. Well, now we know it came from the Wuhan lab. It's the Wuhan lab. And they could have closed the airports down earlier. You don't think they intentionally did that to leave it open? Seven million people died. The world economy lost $16 trillion. China's not been held accountable yet. You think China's a trusted player? China didn't work by itself with that. The U.S. was involved with that. Who was it that was involved from Cuba? Everybody was. Not everybody. Who was everybody? I think a lot of the countries that were complicit with it, the ones that immediately were like, okay, we're going to go into this lockdown. We're going to force this vaccination on everyone. That was a coordinated effort. That didn't happen. Hey, you know, I think you should do this to your citizens. But I think that was also some of the globalists and some of the establishment folks. There's a play right now. It's not the Republican and the Democrat thing. No. It the globalists that want to make the whole thing a one world a …”
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China's role in the COVID-19 pandemic is under scrutiny, with claims that the virus leaked from a Wuhan lab and that the world economy lost $16 trillion. This segment also discusses how globalist agendas are influencing political dynamics, hinting at a coordinated effort among nations during the pandemic. The conversation highlights the complexities of political support and accountability in a global context.
“… to call it, of really people being allowed to experiment and think, that was a phenomenal phase of research for us. And that has pulled back as the world has pulled back a little bit. But I know now, as I look at AI, and next week, I'll be at the World Economic Forum and an ASAI meeting, and we're talking about AI for drug design, right? And so just think about the ways in which, again, I think we're going to have that boom where we get even more investment in and efficiency of figuring out how to treat disease. And so I think there was a high for that, and we saw all of the information …”
“and academic sides, and largely the US really did contribute to a lot of this research. Of course, there's global efforts, but I think that honeymoon phase or whatever you want to call it, of really people being allowed to experiment and think, that was a phenomenal phase of research for us. And that has pulled back as the world has pulled back a little bit. But I know now, as I look at AI, and next week, I'll be at the World Economic Forum and an ASAI meeting, and we're talking about AI for drug design, right? And so just think about the ways in which, again, I think we're going to have that boom where we get even more investment in and efficiency of figuring out how to treat disease. And so I think there was a high for that, and we saw all of the information increasing and the scientific rigor increasing. And now I think there is a second wave of increasing scientific information that's going to come because of the efficiencies of how we do research. So isn't there a fear, because we've seen it out there, there's a fear of my doctor, now, I don't believe this, because I want my doctor to use AI, because I feel …”
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There's a growing fear that AI might overshadow the human intuition of doctors, leading to a loss of vital clinical skills. While AI can analyze data efficiently, it struggles with context and nuance that are essential in patient care. The clinician-patient relationship relies on these human elements, ensuring that AI won't completely replace the intuition of healthcare professionals.
“This phrase or the idea that one generation has to pay a penance for India to become the number one country in the world or for India to move forward. This is something we've seen before, right? The kind of work culture that people talk about in Korea, the kind of work culture that people talk about in Japan sometimes, the kind of work culture that people talk about in China sometimes. I think a lot of times we make this mistake of thinking, oh, there must be something ingrained in the cultural values. It's rapid economic development, which is the underlying …”
“This phrase or the idea that one generation has to pay a penance for India to become the number one country in the world or for India to move forward. This is something we've seen before, right? The kind of work culture that people talk about in Korea, the kind of work culture that people talk about in Japan sometimes, the kind of work culture that people talk about in China sometimes. I think a lot of times we make this mistake of thinking, oh, there must be something ingrained in the cultural values. It's rapid economic development, which is the underlying pattern here. it's very strange to see the idea of penance being introduced and that hey we're just going to have to pay the price for a generation okay who is we yeah exactly when you talk about rapid economic development you have to ask whose development right right because the person calling for penance has a net worth of over a billion dollars and …”
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In India, rapid economic development is leading to a stark divide where the wealthiest thrive while the working class suffers. Despite India's rise as the fourth largest economy, 90% of people earn less than $300 a month, and housing affordability is at crisis levels. This paradox reveals that the supposed progress is benefiting the elite, leaving millions in poverty and mental health crises.
“… been saying. It is net-net not a great thing that people have to sell their blood plasma to survive in this economy, no matter what part of the socioeconomic spectrum they're on, right? Yeah, absolutely. I mean, this is one of those things that a lot of people I talked to felt this sense of shame. A lot of people wanted to be anonymous in these conversations They weren proud of having to sell their blood plasma But then you talk to patients that need certain medical therapies and they very grateful to these people who are donating and selling their plasma because it helps with their medicines And …”
“… a BioLife Plasma Services, which is a little more than a mile away. And we really just wanted to talk to Americans and see why they're selling their blood plasma right now. We should just stipulate here in case it isn't clear somehow in what we've been saying. It is net-net not a great thing that people have to sell their blood plasma to survive in this economy, no matter what part of the socioeconomic spectrum they're on, right? Yeah, absolutely. I mean, this is one of those things that a lot of people I talked to felt this sense of shame. A lot of people wanted to be anonymous in these conversations They weren proud of having to sell their blood plasma But then you talk to patients that need certain medical therapies and they very grateful to these people who are donating and selling their plasma because it helps with their medicines And the United States collects about 70% of the world's blood plasma, and it's only one of a handful of countries around the world that allow for the payment of plasma. So that's why it's become such a lucrative business in the United States. Yeah, it's worth pointing out here that CSL, the company that runs one of the centers that you found these people …”
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Joseph Brasenio, a 59-year-old Houston resident, sells his blood plasma to supplement his income amid rising living costs. Once a practice limited to lower-income individuals, plasma donation has now moved into suburban middle-class areas, highlighting the economic pressures faced by many Americans. This shift raises questions about the implications of relying on plasma donation as a safety net in today's economy.
“… expect a lot of things to maybe go down in price What happening though is that not what we seeing in actual price because we live also in a credit world where credit inflation and credit creation is a big driver of our growth model And so we have these two contradictory forces at play that can actually manifest itself in some weird ways. And so the weird way that I would say it has manifested pretty clearly at this point is that labor itself is becoming less valuable while capital is itself becoming more valuable in the financial manipulation of asset prices that is happening via capital and …”
“… technology as a whole is deflationary. I think that's the punchline. If technology works the way that is allowing for productivity growth that resets the jump to universality in ways that is unimaginable, it's really deflationary. And so you should expect a lot of things to maybe go down in price What happening though is that not what we seeing in actual price because we live also in a credit world where credit inflation and credit creation is a big driver of our growth model And so we have these two contradictory forces at play that can actually manifest itself in some weird ways. And so the weird way that I would say it has manifested pretty clearly at this point is that labor itself is becoming less valuable while capital is itself becoming more valuable in the financial manipulation of asset prices that is happening via capital and credit creation. So I think that's a big component of it. The other part of it is generally a lot of the wealth creation has actually come from stock-based compensation. So that's probably something that looks a little bit different than the prior eras of industrial revolution or anything thereafter where labor coming from income and salaried wages …”
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In Buenos Aires, people are forced to treat their apartments as savings accounts due to hyperinflation, leading to a housing crisis where many homes sit empty. This phenomenon highlights the need for alternative wealth storage solutions, like Bitcoin, which could provide liquidity and affordability in real estate markets. By allowing fractional spending, Bitcoin could alleviate some pressures on housing affordability, making it a crucial player in the economic landscape.
“… you think about the verifiers about that final filter this is the hardest role you know being an entrepreneur or you know essentially coordinating economic activity, including coordinating agents towards a certain goal. What's important in this bucket and why it's hard to automate is because there's what economists call nightly uncertainty. Nightly uncertainty is the distinction between risk where you can assign probabilities saying, okay, 60% chance this happens. I may be wrong, but I sort of can put some probabilities on it and not even knowing what those probabilities are. When somebody starts …”
“… verification is easy, but automation is still hard. You call these the directors? Is this where people are doing more artisanal type of tasks, like things only a human can do or like what in this quadrant No this is actually all about intent So if you think about the verifiers about that final filter this is the hardest role you know being an entrepreneur or you know essentially coordinating economic activity, including coordinating agents towards a certain goal. What's important in this bucket and why it's hard to automate is because there's what economists call nightly uncertainty. Nightly uncertainty is the distinction between risk where you can assign probabilities saying, okay, 60% chance this happens. I may be wrong, but I sort of can put some probabilities on it and not even knowing what those probabilities are. When somebody starts a startup, typically, if it's trying to push something truly new, there is fundamental uncertainty about is this even the right way to think about the problem? Is this even a problem? Is this the right technology? It's the difference between knowing that you'll be 60% of the time, you'll be wrong and you know that 60% is correct versus you don't …”
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Directors in startups are essential for navigating unknown uncertainties, acting as the final filter for decisions. They coordinate efforts, adjust strategies, and ensure that teams stay aligned with the original intent. This unique role blends judgment and experience, making them invaluable in the unpredictable landscape of entrepreneurship.
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Many people pull future wealth into the present, leading to unsustainable debt levels that exceed their net worth. This trend, seen in both personal finances and national debt, inflates asset prices and diminishes disposable income for future generations. The result? A significant decline in standard of living as the burden of debt is passed down.
“… our second capital raise which is the pre round that we have So we only have one prior capital race which is the accelerator round that we did with Forum Ventures and Rise Forum Ventures has an accelerator in San Francisco Awesome to know. We'll make a note of that so we can trade deal flow. And what makes you, last question,”
“… based in SF. Have you gone through any of the accelerators yet? Have you raised capital before? Tell us a little bit about the history of the company. Yeah. So, obviously, great to walking through this, coming around with you guys as we're wrapping our second capital raise which is the pre round that we have So we only have one prior capital race which is the accelerator round that we did with Forum Ventures and Rise Forum Ventures has an accelerator in San Francisco Awesome to know. We'll make a note of that so we can trade deal flow. And what makes you, last question,”
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Deploying energy-saving technology is a multi-million dollar challenge for startups. Many companies struggle to get big brands to commit due to slow-moving processes and high costs. However, with a scalable model and a quick pilot phase, startups can prove ROI and potentially revolutionize energy efficiency in large portfolios.
“… stack. So we have our blockchain, ARK, which is in testnet right now. That's going to come to mainnet later this year, which is purpose-built for economic activity and financial services activity, right? And we think the legacy blockchains if you like are not well optimized for regulated financial activity We have various digital assets right with the largest U dollar stable coin that fully regulated USDC with the largest euro stable coin with EURC although it much smaller We are today the largest tokenized money market fund. And so we have that and we have various applications, most notably the …”
“… talk more about that? Yes, I talked about the internet financial system, right? And those three layers, the operating system layer, the digital asset layer, and the application layer on top, right? And Circle is building products at every level of that stack. So we have our blockchain, ARK, which is in testnet right now. That's going to come to mainnet later this year, which is purpose-built for economic activity and financial services activity, right? And we think the legacy blockchains if you like are not well optimized for regulated financial activity We have various digital assets right with the largest U dollar stable coin that fully regulated USDC with the largest euro stable coin with EURC although it much smaller We are today the largest tokenized money market fund. And so we have that and we have various applications, most notably the Circle Payments Network, right, that we're building at that third leg. Now, layer AI onto this. our thesis is that more and more economic activity is going to take place in the internet intermediated by code, right? Running in the operating systems that we just talked about. And when you think about it, you ask the question, well, what's the …”
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AI agents are set to revolutionize how economic activity is conducted, moving from traditional paper-based contracts to software-driven interactions. Circle is building a blockchain ecosystem that allows these agents to operate autonomously, creating and exchanging value on a massive scale. This shift will redefine the landscape of financial services and economic transactions.
“… to sell it for it to move to the next generation or to another buyer. And so the wealth tax is basically saying you need to sell. Like in a perfect world where there is an unrealized wealth tax that you can't escape from, like you can't just leave California and go to like Texas and not pay. If it was actually a holistic strategy and you couldn't even leave the United States and you're captive to it as a U.S. citizen, it would create forced selling.”
“And the young people have to keep buying it at higher prices. Right. It's actually the same problem. It's the same generational wealth movement problem, which is you have to sell it for it to move to the next generation or to another buyer. And so the wealth tax is basically saying you need to sell. Like in a perfect world where there is an unrealized wealth tax that you can't escape from, like you can't just leave California and go to like Texas and not pay. If it was actually a holistic strategy and you couldn't even leave the United States and you're captive to it as a U.S. citizen, it would create forced selling.”
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Imagine a world where a wealth tax forces you to sell your assets just to keep them. In a scenario where an unrealized wealth tax is imposed on U.S. citizens, individuals would be compelled to sell their properties, exacerbating generational wealth issues and creating a liquidity trap. This situation highlights the struggle of younger generations who must buy into an inflated market, perpetuating the cycle of wealth inequality.
“This is not just a security issue. Greg Notch, CSO of Expel, said, quote, the problem is rooted in economics and incentives. Oh, this came up before. Let's hear it again. Engineering organizations are funded, tasked, and measured on shipping features that deliver outcomes. If you're selling software and business side has little incentive to fund AppSec because they have already externalized all of that risk to their customers with limitation of liability clauses. Good for them, by the way. Going back to the quote. Yeah. By the way, let's just stop …”
“This is not just a security issue. Greg Notch, CSO of Expel, said, quote, the problem is rooted in economics and incentives. Oh, this came up before. Let's hear it again. Engineering organizations are funded, tasked, and measured on shipping features that deliver outcomes. If you're selling software and business side has little incentive to fund AppSec because they have already externalized all of that risk to their customers with limitation of liability clauses. Good for them, by the way. Going back to the quote. Yeah. By the way, let's just stop the quote. If you can pull that off, none of this is important. None of this is important. But going back to Greg's quote, if you're developing software for internal customers, there is even less incentive to care. The core problem is that there is very little real downside risk, except in extreme black swan type situations. And the probability of …”
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Ridealong summary
The real issue with software security lies in economic incentives, as highlighted by Greg Notch, CSO of Expel. Developers are often rewarded for speed and feature delivery, leaving security concerns sidelined, especially when risks can be externalized to customers. This dynamic creates a friction that security teams must navigate by aligning their goals with business objectives to change the narrative around security's importance.
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