# Meta Introduces Palm-Sized Device to Use Muse AI

An episode of [Bloomberg Intelligence](https://invisiblenetwork.ai/podcast/326301337), 24 Sep 2026, 19 min.

Audio: https://podtrac.com/pts/redirect.mp3/tracking.swap.fm/track/UVBrz8bN8aM2Xe47PEPu/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/7f534b8c-9e91-429a-b102-ae3c00090c6d/b49bd71d-636e-44cc-9177-b4cf011509bd/audio.mp3?utm_source=Podcast&in_playlist=0ad812bf-fd15-4012-a18c-ae3c00090c76

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu • Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, on Meta Platforms unveiling a palm-sized, dedicated gadget for using Muse, the company’s popular new artificial intelligence assistant, pushing deeper into the AI devices market with a surprise announcement. • Allison McNeely, Bloomberg Private Equity Reporter, on how Private Equity’s Path to Riches Is Getting Harder to Follow • Garima Kapoor, co-founder and co-CEO of MinIO, on Donald Trump and Xi Jinping addressing their intense competition over artificial intelligence as they kicked off a summit aimed at keeping ties between the world’s largest economies on track. See omnystudio.com/listener for privacy information.

## Transcript

[0:02] Speaker 1: Bloomberg Audio Studios.
[0:04] Speaker 2: Podcasts.
[0:05] Speaker 3: Radio.
[0:06] Speaker 2: News.
[0:09] Speaker 4: You're listening to the Bloomberg Intelligence Podcast. Catch us live
[0:13] Speaker 4: weekdays at 10 a.m. Eastern on Apple CarPlay and Android
[0:16] Speaker 4: Auto with the Bloomberg Business App. Listen on demand wherever
[0:19] Speaker 4: you get your podcasts or watch us live on YouTube.
[0:23] Speaker 1: All right, this is how it works here.
[0:25] Speaker 5: Mandeep Singh walks in the door, and I just say,
[0:27] Speaker 5: I got a whole list of things to talk about, Mandeep,
[0:29] Speaker 5: but I'm just like, what do you want to talk
[0:30] Speaker 5: about it? Mandeep Singh, global tech reporter, I'm sorry, research
[0:34] Speaker 5: head for Bloomberg Intelligence joins us here in studio here.
[0:38] Speaker 5: Everybody's talking about this Muse thing. Now there's a Muse
[0:42] Speaker 5: charm from Meta. I just downloaded the Muse app on
[0:46] Speaker 5: my phone, so I feel like I'm technically on the
[0:48] Speaker 5: cutting edge here. What's this charm thing? I know that's
[0:51] Speaker 5: not usually your belly wick. That's the kids.
[0:55] Speaker 6: Well, they are launching a new device now.
[0:58] Speaker 1: A device.
[0:58] Speaker 7: A device where you can interface with their Muse agent
[1:03] Speaker 7: using this device. And everything still runs on the cloud.
[1:07] Speaker 7: Nothing is on the device. But it's an easier way
[1:11] Speaker 7: for you to interact using voice. And instead of opening
[1:16] Speaker 7: your app on the smartphone... This device is listening to
[1:21] Speaker 7: you all the time, and you're pretty much talking to
[1:24] Speaker 7: it as if it's your agent.
[1:26] Speaker 5: Do I put it on my keychain? Do I put
[1:27] Speaker 5: it on my Bloomberg lanyard? What do I do with
[1:29] Speaker 5: this thing?
[1:30] Speaker 6: Either is fine. He's going to lose this thing in
[1:35] Speaker 6: about five minutes, by the way.
[1:37] Speaker 5: Yeah, I'm still looking for an earbud down here in
[1:39] Speaker 5: this radio studio.
[1:40] Speaker 7: But the good thing is the device can figure out
[1:43] Speaker 7: if it's lost and, you know, send you some sort of.
[1:48] Speaker 6: A message that, hey, Paul, you may have left the device.
[1:51] Speaker 5: He's got like a million engineering degrees and he's talking
[1:54] Speaker 5: about like losing a device.
[1:55] Speaker 1: I mean, is this the 2026 version of the Tamagotchi?
[1:58] Speaker 7: Well, that's what I think some people are comparing it to.
[2:02] Speaker 7: But at the end of the day, they're saying this
[2:05] Speaker 7: is a persistent agent that is running 24-7. Whether you
[2:10] Speaker 7: initiate the agent through the app on your smartphone or
[2:14] Speaker 7: through this device, it's going to work behind the scenes 24-7.
[2:19] Speaker 7: You don't have to constantly prompt it or, you know,
[2:23] Speaker 7: engage with it. Once you give it a command, organize
[2:26] Speaker 7: my calendar.
[2:27] Speaker 6: It's persistent.
[2:29] Speaker 7: It's going to do that 24-7 without you having to
[2:32] Speaker 7: keep prompting it.
[2:33] Speaker 6: And that's the promise. That's why people are so excited here.
[2:36] Speaker 3: Is Mark Zuckerberg aware that people are very upset about
[2:38] Speaker 3: AI and how it poses an existential crisis? They don't
[2:42] Speaker 3: want data centers near them. This is the time to
[2:43] Speaker 3: introduce something like this? I'm going to put this thing
[2:45] Speaker 3: in my pocket.
[2:46] Speaker 7: Well, what he's trying to, I think, sell is the functionality,
[2:50] Speaker 7: the fact that it can really make you super productive
[2:54] Speaker 7: by doing your mundane tasks like organizing your calendar or,
[2:59] Speaker 7: you know, cleaning up your emails, basic tasks, ordering stuff
[3:03] Speaker 7: from the Internet.
[3:05] Speaker 6: Obviously, it's not Amazon anymore.
[3:07] Speaker 7: But they added a few more partners, Walmart, Best Buy.
[3:11] Speaker 7: So it sounds like he wants to develop an ecosystem
[3:16] Speaker 7: around it, but it's still early days. And I expect
[3:21] Speaker 7: Google and Apple to definitely launch something along these lines because.
[3:27] Speaker 6: It's their turf.
[3:28] Speaker 1: It's the new streaming wars.
[3:29] Speaker 6: Yeah.
[3:31] Speaker 5: This stock market, like, it stocks up 3.2% today. It's
[3:35] Speaker 5: at a 52-week high. It's not at an all-time high,
[3:37] Speaker 5: but darn, within a couple of bucks of an all-time high.
[3:41] Speaker 5: So to the extent they ever lost their mojo, which...
[3:43] Speaker 5: I don't think they really ever did. They kind of
[3:46] Speaker 5: got it back a little bit here.
[3:47] Speaker 7: I mean, I'm thinking what the 2027 CapEx number is
[3:51] Speaker 7: going to be given what has transpired. Come 3Q earnings
[3:56] Speaker 7: call for Meta, I expect them to raise their capex
[4:01] Speaker 7: at least 60, 70 percent.
[4:02] Speaker 6: If not higher.
[4:03] Speaker 7: And they are right up there in terms of justifying
[4:07] Speaker 7: that capex, even though I'm not very clear on the
[4:10] Speaker 7: monetization model here, because everything that they are giving to
[4:14] Speaker 7: the consumer is free. And Mark Zuckerberg said last night
[4:18] Speaker 7: they will take a cut of all the transactions they
[4:21] Speaker 7: will facilitate. So one to two percent cut or even higher.
[4:24] Speaker 1: And they take your data. I mean, even more than
[4:26] Speaker 1: they already have.
[4:28] Speaker 7: Yes, well, that's part of the ads that they show
[4:31] Speaker 7: on the 3.5 billion users they have across their family
[4:36] Speaker 7: of apps. So all that is a given, but they
[4:39] Speaker 7: seem to be very excited about using all the data
[4:43] Speaker 7: center capacity internally. Remember, Google rents out 50% of their
[4:48] Speaker 7: capacity on cloud. 50% they use on their apps, 50%
[4:52] Speaker 7: rented on cloud. Amazon rents everything on cloud. They use
[4:56] Speaker 7: a little portion of it internally. Microsoft rents everything on cloud.
[5:01] Speaker 7: Meta was the only one who was betting big on
[5:05] Speaker 7: using everything internally. They found that use case where they
[5:09] Speaker 7: can deploy a lot of that capacity internally.
[5:12] Speaker 6: I just feel, is it.
[5:13] Speaker 7: Going to be worth $ 150 billion plus in CapEx and
[5:17] Speaker 7: their ROI on that? That is not clear because they
[5:20] Speaker 7: haven't given us a monetization model. But with Meta, we
[5:23] Speaker 7: know if something is sticky, they will find a way
[5:26] Speaker 7: to monetize it eventually.
[5:27] Speaker 5: I know everybody's getting in their Christmas stocking this Christmas.
[5:30] Speaker 5: A little muse charm there. How much is that going
[5:32] Speaker 5: to set me back?
[5:33] Speaker 7: Well, they subsidize all their devices. They launch a lot of,
[5:36] Speaker 7: you know, audio AR glasses, VR glasses. Everything is way
[5:42] Speaker 7: below the Apple price point for Vision Pro. So Meta
[5:45] Speaker 7: believes in subsidizing the hardware because they really want to
[5:49] Speaker 7: own that device. They don't want to be reliant on
[5:52] Speaker 7: Apple or Google.
[5:52] Speaker 3: A hard time believing that parents are going to get
[5:54] Speaker 3: this for their kids, especially after all the Instagram stuff.
[5:58] Speaker 3: Do you really want to embed your child's life even
[6:00] Speaker 3: further into the meta suite of products?
[6:04] Speaker 1: Everyone's trying to break that link.
[6:05] Speaker 5: I know I'm getting John Tucker for Christmas this year.
[6:08] Speaker 6: That's a good gift. I'll be bringing it back.
[6:12] Speaker 5: Just for what it's worth here, CapEx for meta in 2023,
[6:15] Speaker 5: $ 27 billion. This year, $ 140 billion.
[6:16] Speaker 6: Next year forecast, $ 200 billion.
[6:21] Speaker 5: So that is a different company, a different stock than
[6:24] Speaker 5: people have historically owned.
[6:25] Speaker 1: Stay with us. More from Bloomberg Intelligence coming up after this.
[6:32] Speaker 4: You're listening to the Bloomberg Intelligence podcast. Catch us live
[6:36] Speaker 4: weekdays at 10 a.m. Eastern on Apple CarPlay and Android
[6:39] Speaker 4: Auto with the Bloomberg Business app. Listen on demand wherever
[6:42] Speaker 4: you get your podcasts or watch us live on YouTube.
[6:46] Speaker 6: We've been talking about private equity.
[6:48] Speaker 5: Actually, we've been talking about higher interest rates and the
[6:50] Speaker 5: impact it's having on stocks, bonds, commodities.
[6:53] Speaker 1: The economy. The economy. How about deal flow?
[6:57] Speaker 5: And for our private equity friends that have just been
[6:59] Speaker 5: rolling in it for 20 years.
[7:01] Speaker 3: Well, they really made their bones when interest rates were
[7:04] Speaker 3: super low. What happens now that interest rates are higher
[7:07] Speaker 3: and will likely stay higher? And it turns out a
[7:10] Speaker 3: lot of people who had been working in the private
[7:11] Speaker 3: equity industry are now looking at the investment banking industry
[7:14] Speaker 3: and saying, oh, maybe I'll go back there.
[7:16] Speaker 5: All right. Allison McNeely joins us here, Bloomberg private equity reporter.
[7:20] Speaker 5: The story, private equity's path to riches is getting harder
[7:23] Speaker 5: to follow. Allison, thanks so much for joining us here.
[7:25] Speaker 5: Talk to us about your story. What's going on in
[7:27] Speaker 5: the world of private equity? What are those folks doing
[7:29] Speaker 5: these days?
[7:30] Speaker 8: I think what we're seeing in the industry is some
[7:33] Speaker 8: folks reevaluating whether private equity is really the.
[7:36] Speaker 9: Best bet for them long term, you know.
[7:39] Speaker 8: As Scott was saying, it was kind of like where
[7:42] Speaker 8: everyone wanted to go for a long time.
[7:44] Speaker 9: There was a lot of money that was made.
[7:45] Speaker 8: But in the past few years, as dealmaking has become
[7:48] Speaker 8: harder with interest rates higher, there are less exits. And
[7:52] Speaker 8: when there's less exits, there's less carried interest or sort
[7:55] Speaker 8: of the slice of profits to.
[7:56] Speaker 9: Dealmakers being paid out.
[7:57] Speaker 8: And some folks are looking at entrepreneurship as an option.
[8:02] Speaker 9: Some people are actually going.
[8:03] Speaker 8: Back to banking, which is really interesting because I think
[8:06] Speaker 8: for a while there, Banking was sort of perceived in
[8:09] Speaker 8: the industry as this two-year slog you had to endure
[8:11] Speaker 8: before you could go to the buy side and make
[8:13] Speaker 8: real money.
[8:14] Speaker 3: And now people are looking at the investment banking slog as, oh,
[8:18] Speaker 3: you know, it's stable. And I mean, there's a lot
[8:20] Speaker 3: of deals taking place, you know, just with M & A,
[8:23] Speaker 3: for instance. It's just that the M & A does
[8:25] Speaker 3: not include private equity firms exiting their investments.
[8:29] Speaker 8: Yeah, I mean, you could go make money on IPOs, essentially,
[8:33] Speaker 8: for a lot of the tech companies and the AI
[8:35] Speaker 8: boom and that sort of thing. Johnson & Associates, the
[8:39] Speaker 8: consulting firm, put out a report that said that Investment
[8:42] Speaker 8: banking compensation is expected to rise 10 to 15 percent
[8:45] Speaker 8: this year, flat for middle market private equity and I
[8:49] Speaker 8: believe two and a half to seven and a half percent.
[8:51] Speaker 8: Don't quote me exactly on that, but that ballpark for
[8:54] Speaker 8: large buyout. So, you know, you can kind of see
[8:56] Speaker 8: it coming through in the data right there.
[8:58] Speaker 5: What are the firms, the private equity firms saying in general?
[9:01] Speaker 5: Are they OK with the attrition because maybe the deal
[9:04] Speaker 5: flow is not there or are they trying to retain
[9:06] Speaker 5: these people?
[9:07] Speaker 6: What are they saying?
[9:09] Speaker 8: I think, generally speaking, private equity firms, when you ask
[9:12] Speaker 8: them about this topic, they say, yes, it is a
[9:16] Speaker 8: problem in the industry, but it is not a problem
[9:18] Speaker 8: for us.
[9:20] Speaker 1: It's the other guys.
[9:21] Speaker 6: Yeah, it's the other guys.
[9:22] Speaker 9: Don't worry about us.
[9:25] Speaker 8: Scott Nuttall, the co-CEO of KKR, refers to a K-shaped
[9:30] Speaker 8: industry where some folks are starting to see a recovery
[9:34] Speaker 8: in exits.
[9:35] Speaker 9: His firm.
[9:36] Speaker 8: in the most recent quarter, reported the best quarter ever
[9:39] Speaker 8: for exits. So they're definitely seeing a rebound. Then other folks,
[9:43] Speaker 8: you know, are kind of quietly saying, yeah, you know,
[9:46] Speaker 8: it might take a little longer than we expected, but,
[9:48] Speaker 8: you know, don't worry.
[9:49] Speaker 1: Don't worry.
[9:49] Speaker 9: It's going to happen. But they've been saying, don't worry.
[9:52] Speaker 9: It's going to happen for several years now.
[9:54] Speaker 7: Okay.
[9:55] Speaker 3: So you mentioned carried interest, the slice of profits that
[9:58] Speaker 3: folks in private equity have get paid when an investment
[10:02] Speaker 3: goes really well. If you leave the private equity industry,
[10:04] Speaker 3: even though you brought some of these deals to the firm,
[10:08] Speaker 3: then that's it. You don't get any of that carried interest, right?
[10:11] Speaker 3: Like you've given up your rights to any of that.
[10:13] Speaker 8: It depends on whether or not it's vested, and it
[10:16] Speaker 8: depends on sort of the different firms. So yes, sometimes
[10:21] Speaker 8: you will abandon carry, but- You might make the calculation
[10:26] Speaker 8: that that's fine because you don't actually believe it's going
[10:29] Speaker 8: to come through and it's not going to be worth what.
[10:32] Speaker 9: The model says it will pay.
[10:35] Speaker 8: But also you could leave the industry with that carry
[10:38] Speaker 8: already vested. And so that will actually come to you
[10:42] Speaker 8: when the time comes. It just depends on where the
[10:45] Speaker 8: fund's at.
[10:46] Speaker 6: That's exactly right.
[10:47] Speaker 5: When I left Wall Street, I was approached by a
[10:48] Speaker 5: couple of private equity shops that I knew pretty well.
[10:51] Speaker 1: And that was all good.
[10:52] Speaker 6: Great stuff, great people.
[10:53] Speaker 5: But the problem is you can't get the carried interest
[10:55] Speaker 5: until you participate in a fundraising. They're not going to
[10:58] Speaker 5: put you in an existing fund. So if you're like, OK,
[11:01] Speaker 5: so I'm going to get a salary, maybe a little
[11:04] Speaker 5: bonus for working, but I'm not going to get the
[11:06] Speaker 5: outsized compensation from a fund that performs well until I
[11:11] Speaker 5: participate in one fundraising. And that was could be years
[11:14] Speaker 5: away or could be six months. You don't really have
[11:17] Speaker 5: a good.
[11:17] Speaker 4: Right.
[11:18] Speaker 8: And it also depends on how senior you are, right?
[11:21] Speaker 8: So carried interest is allocated on a points basis, like
[11:23] Speaker 8: basis points in a fund.
[11:25] Speaker 9: They basically take the pie out of 100.
[11:27] Speaker 8: And you, managing director, get 20 points.
[11:31] Speaker 9: And you, brand new VP, get two. I'm just making
[11:35] Speaker 9: numbers up. But you get the idea.
[11:37] Speaker 8: So if you're a more senior dealmaker at a firm,
[11:40] Speaker 8: you've got points. You've got more points than the junior folks.
[11:44] Speaker 8: And you've got points off of Multiple funds.
[11:46] Speaker 2: Right.
[11:47] Speaker 8: So maybe you've got points in the 2018 fund that
[11:50] Speaker 8: just did gangbusters because it was still in the low
[11:53] Speaker 8: interest era. You've sold a bunch of stuff for 3X
[11:56] Speaker 8: and you're happy as a clam. If you're a junior
[12:00] Speaker 8: person who maybe started in the industry in 2018, 2019.
[12:06] Speaker 8: And now in 2026, you're you know, you've got some carry,
[12:11] Speaker 8: but you've got carry in funds that really haven't started
[12:15] Speaker 8: paying out yet. And so you're not you're not seeing
[12:19] Speaker 8: a lot right now.
[12:19] Speaker 9: And that's tough.
[12:20] Speaker 8: Because like people in their 30s, you know, they're they're
[12:23] Speaker 8: having families. They want to buy houses. They want to
[12:25] Speaker 8: like do stuff. And they don't have that money. They
[12:29] Speaker 8: don't have those prior gains to lean on that the
[12:32] Speaker 8: senior folks do.
[12:33] Speaker 1: Stay with us. More from Bloomberg Intelligence coming up after this.
[12:40] Speaker 4: You're listening to Bloomberg Intelligence with Scarlett Fu and Paul
[12:44] Speaker 4: Sweeney on Bloomberg Radio.
[12:47] Speaker 5: All right, Scarlett Fu and Paul Sweeney. We're live here
[12:49] Speaker 5: in our Bloomberg Interactive Broker Studio in New York City.
[12:51] Speaker 5: We are streaming live on YouTube as well. I think
[12:54] Speaker 5: where we are with this AI narrative in the marketplace
[12:58] Speaker 5: is Okay, we know who's spending money.
[13:01] Speaker 1: It's big.
[13:02] Speaker 5: We know who's financing the money, debt, and equity markets.
[13:06] Speaker 5: Now the question is becoming, all right, what's the ROI
[13:09] Speaker 5: on this spend? What's the return on this investment here?
[13:12] Speaker 5: I think our next guest can help us out a
[13:13] Speaker 5: little bit here. Garima Kapoor joins us. She's a co-CEO
[13:17] Speaker 5: and co-founder of a private company called Minio out there
[13:20] Speaker 5: in Redwood City, California. Garima, thanks so much for joining
[13:24] Speaker 5: us here.
[13:25] Speaker 1: How do you talk to people about.
[13:28] Speaker 5: enterprises adapting AI and what type of returns they should
[13:33] Speaker 5: be expecting.
[13:33] Speaker 1: How do you think about that?
[13:36] Speaker 10: Thank you for having me, first of all. And enterprises,
[13:40] Speaker 10: everyone is excited about AI and for all the right reasons.
[13:44] Speaker 10: For enterprises, they are in different stages of the journey
[13:48] Speaker 10: when it comes to AI. There are certain applications like
[13:52] Speaker 10: software engineering or customer success where AI is getting heavily
[13:55] Speaker 10: leveraged on, and that is definitely increasing the productivity of
[13:59] Speaker 10: the employees. But how much of that productivity is translating into.
[14:03] Speaker 2: The actual ROI?
[14:04] Speaker 10: For example, if you're using AI to build your software,
[14:08] Speaker 10: is it having a meaningful impact in resulting in the
[14:11] Speaker 10: time for shipment of your product? Or is it resulting
[14:15] Speaker 10: in less bugs in the software?
[14:17] Speaker 2: All those things.
[14:17] Speaker 10: So that journey from productivity to ROI, the data is
[14:20] Speaker 10: still not clear on that, but enterprises are definitely increasingly
[14:25] Speaker 10: adopting the AI for making their lives easier and more productive.
[14:31] Speaker 5: Grima, let me rewind a little bit and ask you
[14:33] Speaker 5: to just describe what you guys do at Minio in
[14:37] Speaker 5: the AI space.
[14:38] Speaker 10: Yeah, so Minayo provides the data and memory foundation for
[14:43] Speaker 10: enterprise AI. As I was discussing earlier, the models are
[14:47] Speaker 10: getting extremely commoditized. So for any enterprise to be successful
[14:51] Speaker 10: in their AI journey, they need to start bringing all
[14:55] Speaker 10: their organization together, organization data together in a secured and
[14:59] Speaker 10: a governed way, and then expose it to the AI
[15:02] Speaker 10: or the agents, building the right kind of context to
[15:05] Speaker 10: expose for the reasoning engines, because last thing you want
[15:08] Speaker 10: is expose all your raw data for cloud or open
[15:12] Speaker 10: AI to leverage on it and take all the intelligence away.
[15:15] Speaker 10: So Minaya provides that infrastructure software for providing data, memory,
[15:21] Speaker 10: and context without burning a hole in your pockets when
[15:24] Speaker 10: it comes to tokens.
[15:26] Speaker 5: Enterprises, where are enterprises broadly defined in terms of adopting AI?
[15:31] Speaker 5: I mean, just from the consumer level, just yesterday from Meta,
[15:34] Speaker 5: we got the Meta Muse. So, I mean, that's a
[15:37] Speaker 5: couple of days ago with that announcement. So we know
[15:40] Speaker 5: consumers are adopting AI. How about enterprises?
[15:45] Speaker 2: Enterprises are adopting AI.
[15:47] Speaker 10: And like I said, it's in very well-defined use cases
[15:50] Speaker 10: like for software engineering, because you can see the productivity
[15:53] Speaker 10: like Claude Opus is able to, or Fable is able
[15:57] Speaker 10: to do a really great job. And even in our organization,
[16:00] Speaker 10: we have mandated that it is AI first and all
[16:03] Speaker 10: the engineers first. need to stop writing handwritten codes. It
[16:06] Speaker 10: needs to be generated by AI. And that's the direction
[16:09] Speaker 10: which I see a lot of the other enterprises also
[16:12] Speaker 10: adopting internally. So we do see that adoption, but it's
[16:15] Speaker 10: on very specific use cases, not across the board. Customer
[16:19] Speaker 10: success is another use case where we see adoption of
[16:23] Speaker 10: AI getting increasingly used so that the tickets for the
[16:26] Speaker 10: customers who are reaching out to the enterprises for any
[16:29] Speaker 10: kind of issues, those tickets can get managed effectively and
[16:32] Speaker 10: so on and so forth. So we do see adoption
[16:34] Speaker 10: of AI, but in a very specific use cases.
[16:38] Speaker 5: There's been a lot of talk, I guess, just recently
[16:41] Speaker 5: from some of the leaders of these AI companies talking
[16:45] Speaker 5: about maybe putting some guardrails on this technology. And there's
[16:49] Speaker 5: been a lot of pushback, most notably from President Trump
[16:53] Speaker 5: on that. What's the feeling out in the could play out,
[16:57] Speaker 5: should play out?
[16:59] Speaker 2: Yeah, I think guardrails are important.
[17:01] Speaker 10: If you see all the innovation that is coming out
[17:03] Speaker 10: in AIs, either by Frontier Labs, which is OpenAI and Anthropic,
[17:07] Speaker 10: or with open source models, which is Alibaba deep seek models, right?
[17:12] Speaker 10: And as private companies, as they should, they're motivated by
[17:16] Speaker 10: their own personal gains and rightly so. So an AI
[17:20] Speaker 10: is a public good that is going to impact everyone.
[17:22] Speaker 2: All of our lives are going to be meaningfully impacted.
[17:25] Speaker 10: So government has to step in and build at least
[17:29] Speaker 10: a regulatory security framework and validate that this is the
[17:33] Speaker 10: security framework that looks like, and every model needs to
[17:36] Speaker 10: pass through that security framework to be safely be adopted.
[17:39] Speaker 2: By consumers and by enterprise.
[17:40] Speaker 10: So I'm absolutely in favor of having government, have an
[17:45] Speaker 10: independent regulatory authority that can keep the frontier labs, that
[17:48] Speaker 10: can keep the open source models in checks when it
[17:51] Speaker 10: comes to the security.
[17:52] Speaker 5: It's a little different than historically out in the Valley.
[17:55] Speaker 5: Most folks kind of appreciated the light government touch, but
[17:58] Speaker 5: you think this time could be different?
[18:01] Speaker 2: It has to be.
[18:03] Speaker 10: It has to be right because it's going to impact
[18:05] Speaker 10: everyone meaningfully and nobody knows the extent of the impact.
[18:09] Speaker 2: Right.
[18:09] Speaker 10: The problem that happens is that in any kind of
[18:13] Speaker 10: whenever there is exponential technological innovation, it always happens that
[18:18] Speaker 10: you don't have all the information to make the right decisions.
[18:22] Speaker 2: For the customers.
[18:23] Speaker 10: And I do feel government is the right authority and
[18:26] Speaker 10: the place to get started, especially in a democratic setup.
[18:29] Speaker 10: So yeah, unlike before, there is nothing like the world
[18:34] Speaker 10: has seen what AI is exposing us all to.
[18:36] Speaker 2: So I do feel government regulation is important.
[18:38] Speaker 4: This is the Bloomberg Intelligence Podcast, available on Apple, Spotify,
[18:43] Speaker 4: and anywhere else you get your podcasts. Listen live each weekday,
[18:47] Speaker 4: 10 a.m. to noon Eastern on Bloomberg.com, the iHeartRadio app, TuneIn,
[18:53] Speaker 4: and the Bloomberg Business app. You can also watch us
[18:56] Speaker 4: live every weekday on YouTube and always on the Bloomberg Terminal.

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