50 Mins Masterclass On The Future Of AI Entrepreneurship | @NasDaily

Added: 2026-05-15

[00:00:00]What do I call you? Do I call you NAS?

[00:00:02]>> Should I call you Tar? [laughter] >> I just bought the domain name nas.com.

[00:00:06]>> How much was that?

[00:00:08]>> $1.25 million.

[00:00:10]>> All right. Was it worth it?

[00:00:13]>> No. Organic is not dead. It's just not predictable. You cannot build a business on something that's not predictable.

[00:00:23]Look at NAS Daily. everything we sold over [music] the last 2 years, what percentage of it do you think came from organic NAS daily content?

[00:00:31]>> I mean, given you're [music] one of the biggest creators in that space, I would hope that it's at least 30 to 50%. 5 to 10%.

[00:00:39]90% of my revenue comes from paying social media to show my videos to get the customers. And if I have to do it as a guy with 70 million followers across all social media, you have to do it with your 200 followers. If there's one thing you have to learn from this conversation [music] is you should become an expert at creating 15se secondond video ads on Instagram. Your grandkids will thank you at the Four Seasons.

[00:01:14]To become an entrepreneur, you don't need to know how to code. You don't need to know how to market. You don't need to know how to speak English. You don't need to know how to design. You don't need a studio. You don't need a model.

[00:01:24]You don't need You can actually start a business for 1% of the cost. But if I was dictator in my country, I would like fire 80% of the employees in higher ed and I would replace them with Nvidia people.

[00:01:39]>> So Nvidia should build a university.

[00:01:41]>> Exactly. 80% of the world is on four websites, right? Which is Facebook, Instagram, YouTube, you know, Tik Tok.

[00:01:49]>> Let's make it more interesting. What percentage of content that we see on your channels is AI [music] versus it's actually you with a camera?

[00:01:57]>> That's a good question. Uh, so last year I did 100 videos in 100 days that are 100% AI. So it was 100% for 100 days.

[00:02:06]>> My students know more about AI [music] than my teachers.

[00:02:10]>> That's a very bold statement. 365 more days, you will not be able to tell if it's AI or not. There's going to be a revolution.

[00:02:19]You're going to start packing your bags and looking for an alternative very, very soon or preparing for that revolution by going to the army. Pratam, where are we?

[00:02:26]>> We are at Masters Union NextG 1.0.

[00:02:29]>> Are you guys having fun?

[00:02:35]>> Hey guys. Hello. How are you?

[00:02:38]>> I just flew in last night to come here and say hi to all of you. How are you?

[00:02:42]Are you good?

[00:02:43]>> Are you all Mast's union students?

[00:02:46]>> Mixed. Mixed.

[00:02:47]>> They will become.

[00:02:48]>> Okay. [laughter] >> If they get in.

[00:02:51]>> Yeah. Um, so, uh, what do I call you? Do I call you NAS? Do you call you?

[00:02:58]>> Should I call you Deter? [laughter] >> I think that's how people know you.

[00:03:02]That's why I'm asking.

[00:03:03]>> I because my name is so complicated.

[00:03:05]Nire. You've never seen a nire in your life. So, my real name is Noire. like no sir, yes sir.

[00:03:13]>> And Naz means people in Arabic.

[00:03:16]>> Oh, that's what it Okay.

[00:03:17]>> So people say, I'll just uh I'm too lazy to call you NAR, so I'll just call you NAS. What's up, NAS? It's a great name.

[00:03:22]I just bought the domain name.com.

[00:03:24]>> How much was that?

[00:03:26]>> $1.25 million.

[00:03:28]>> All right. Was it worth it?

[00:03:30]>> I mean, so far it's worth it. My email is nas.com.

[00:03:34][laughter] >> No, but you had nas.io, IO which you had spent so much time and effort and money on to make it popular and it was popular. I think people call it NAS IO.

[00:03:43]>> Yes, that's correct.

[00:03:44]>> Right. And SEO wasn't a problem.

[00:03:45]>> So actually that's a very good topic for everybody here. It depends what you're building. Are you building an input output tool for developers? You should be.ai.io.

[00:03:56]Are you building a mainstream thing that your mom knows? Your mom knows.com. M >> and so I had to invest in a.com because people are building on top of my domain name.

[00:04:06]>> Got it.

[00:04:06]>> So your business becomes nas.com/businessname and so nas.io felt scammy >> if it's mainstream.

[00:04:14]>> Got it. You know I have to tell you this one story which is how we came up with the name Teta.

[00:04:19]>> Right. So it's early days of chat GBT and we told chat GBT that we need a four-letter word which has a.com available.

[00:04:26]>> Okay, that's fine.

[00:04:27]>> It has to mean something deep in Latin.

[00:04:29]You wanted a.com too.

[00:04:30]>> We wanted a.com, >> right? So, we didn't pay 1.25 million.

[00:04:34]>> How much did you pay?

[00:04:35]>> Maybe half of that.

[00:04:36]>> You paid half of that. You paid 500k >> almost. Maybe a little bit more than that for >> I feel pretty good about my purchase.

[00:04:44]>> And I said it has to mean something deep in Latin and it has to have a playful meaning. I literally just input that and it threw up two names and we ended up choosing terror.

[00:04:53]>> What's the other name?

[00:04:54]>> The other name was called Sopos. It was five letters. That was a problem. M no D is nice.

[00:04:59]>> Yeah, Dar is nice. So it it seems nice now, but back then everybody shot it down. But moving on, um what what excites you the most about, you know, what's happening today in the world.

[00:05:10]>> You know, there's two types of people in the world. There's people that just live dayto-day, go to work for 30 years and come back home and build a family. And it's not nothing wrong with that. And there's people that are attracted to the exciting thing and just run towards it.

[00:05:23]Like wherever there's something exciting happening, you run towards it. I think that's obviously you. Um, and I think right now the only main exciting thing in the world is AI.

[00:05:34]>> Um, I just cannot think of a second maybe robotics very soon. Uh, but AI is just so deeply exciting that it made me give up on everything else I had to jump on that sort of like action. Uh, so as somebody who's been creating content for the last 10 years, I know firsthand how difficult it is to create a piece of content, to write it, to research it, to edit it, to produce it, to launch it, to manage a community. You know, what used to take me 15 hours now can be actually cut down into like 5 hours or so. And soon >> or even less than that. Yeah, >> it can be less than that. I don't want to be the guy who says, "Oh, in five minutes." No, it's not really five minutes. Uh, it's five hours now, but I think it'll be like one hour. I think the productivity increases are just going to um I just cannot comprehend how amazing the future is going to be.

[00:06:30]>> And so, like how do you the two three questions I want to ask you, right?

[00:06:34]First is how are you using AI beyond again the obvious tools, right? What is it that you're doing that we should all be doing which we are already not doing?

[00:06:42]First of all, I think most people here are not actually scratching the surface of the obvious tools. Like how many people here are using Chad GPT for therapy? Probably none. You know, maybe use it for information gathering, but there's actual use cases of of Chad GPT that we're not even touching. Um, so that's number one. I I I highly advise people to look at Chad and Codeex, which I I think is growing a lot in India recently. um uh for that purpose. Um how are we doing it beyond that? I I think I think the the number one thing I'm trying to get my company to focus on next is is the agentic world. And I think that's a little bit harder to understand conceptually. And so to be very honest with everybody here, it's taken me one month of thinking to understand how the agentic world works.

[00:07:38]Because in an agentic world, buttons, UI, UX is dead, which means the idea of opening an app is going to be gone. So, how do you build your startup when you're starting with designing apps?

[00:07:53]>> Yeah.

[00:07:54]>> So, I I just think, you know, it may look like we have all the answers. We actually don't. I don't. I don't know if you do.

[00:08:00]But understanding the uh user interface of the future, >> the the agents it seems like it's going to be uh it's not figured out yet. I'm still in the middle of studying it. But that is where I want to take my company forward.

[00:08:15]>> Got it. So you're saying that essentially nas.com is an agent that makes people's lives easier.

[00:08:22]>> Should become and and it should not require one to press buttons.

[00:08:26]>> Exactly. So I literally tell my mobile app team this app should be deprecated.

[00:08:31]The whole app should be gone. The whole website the front end should be gone.

[00:08:35]>> And we want to get to a point where the minute you sign up to nas.com you get a text on WhatsApp. That's your interface >> a WhatsApp chat.

[00:08:44]>> Yeah. So that there's no new interface that you have to learn or use or you know takes you know screen share or whatever real estate on your phone.

[00:08:51]Pratam, you happen to be lucky. You don't have to book your own flights. You have an assistant. When was the last time you used Expedia or Skyscanner? You never use it. I haven't used it in 5 years.

[00:09:06]>> I am so lucky and privileged to have an executive assistant. So, my natural sort of preferred way of buying flights is, "Hey, Patty, I want to go to India.

[00:09:18]Please find me a flight and a hotel."

[00:09:20]and that's it.

[00:09:21]>> So I I don't click on buttons on Skyscanner. You don't click on Sky Scanner buttons. You click on Sky Scanner buttons. But in the future, you shouldn't have to.

[00:09:30]>> But like I I still like to see those options and I still like that that that UI has been optimized over a period of time of how you see the flights in one, you know, go. Do you think that that just speaking about flights specifically that the agentic AI will actually be more useful?

[00:09:47]>> Well, my executive assistant takes a screenshot and sends it to me. WhatsApp.

[00:09:50]Exactly. So you're still using the same old UI, right? In a way.

[00:09:54]>> In a in a way, but it's almost like a distillation of what matters.

[00:09:59]You you still need to look at things. I don't think we're going to go into an audio world. I hate audio only stuff, >> but I don't know if it's going to happen on the Skyscanner app. You know what I feel like is that maybe the the agentic version of Skyscanner actually already knows before you asking it that you're going to India because you had a call with Pratam where you guys discussed coming to India and the agent automatically knew that hey listen Naz told Pratam that yeah he's cool coming on Friday uh for the session on Sunday so I should do this this this this automatically.

[00:10:33]>> You're absolutely right that's probably step three. I mean, we're really all we're all still at step one, which is download an app or you build an app and then click button here. Step two is talk to an agent. And step three, predict the work.

[00:10:46]>> Got it. And so what is nas.com?

[00:10:49]>> So what is nas.com? So I'll tell you what is nas.com by talking about the last 10 years of my life. Okay.

[00:10:55]>> Okay. Good.

[00:10:56]>> The last 10 years of my life, I s I saw the world. I saw over 100 countries and I saw that what people really want to do is work for themselves. Like raise your hand if when you were a kid you wanted to work for somebody else. That was your dream. My dream is to find a boss.

[00:11:16]Nobody says that. Eventually everybody wants to work for themselves. And the problem is it was just too difficult.

[00:11:21]And so I see that desire to become an entrepreneur. Right now the percentage of entrepreneurs in the world is like 5%.

[00:11:29]>> I really think the actual percentage should be close to 50%. So we have a 10x of the number of entrepreneurs that is needed. Why has it been not 50%. It's just too hard.

[00:11:42]>> NAS.com I think uses the AI the most recent AI like Cance 2.0. Raise your hand if you know Cance 2.0.

[00:11:52]>> Okay. That's crazy that only 20% Um, it AI has gotten so good that to become an entrepreneur, you don't need to know how to code. You don't need to know how to market. You don't need to know how to speak English. You don't need to know how to design. You don't need a studio.

[00:12:08]You need a model. You don't need You can actually start a business for 1% of the cost.

[00:12:14]>> And so, nas.com is that business platform. Just take a picture of whatever you want to sell. AI creates the store. AI creates the marketing content. AI creates a nice daily video on your behalf for a dollar and then uh and then it finds the customer and so you can sell and start your business.

[00:12:32]That's the promise.

[00:12:34]>> And don't you think that would lead to like a lot of AI slob? Like if everyone's just selling boxes or bottles or pens like suddenly you have like a bunch of these companies creating this slob content.

[00:12:45]>> No, I just don't think the market has reached efficiency yet. We we this is actually not the best water bottle that we can buy today.

[00:12:53]>> The only reason you're buying this water bottle is because that's the only one available because the founder of this water bottle had the money to reach you.

[00:13:01]>> But there's somebody else out there who made a better water bottle.

[00:13:04]>> So I don't call it AI slob. I call it we're reaching efficiency. We haven't reached it yet.

[00:13:10]>> So you as an entrepreneur, you'll have to be smart about what product and and what features etc. But the platform essentially makes it easy for anyone to get it to the customer.

[00:13:19]>> Much easier. Yeah. Finding the customer is the problem. It's not coding the website. Coding now has become two prompts and you have a website.

[00:13:27]>> Yeah.

[00:13:28]>> But when you have an amazingly beautiful website and no traffic, what's the point of it? The whole innovation here, and I learned this from my last daily days, is how do I drive traffic to your business?

[00:13:42]to drive traffic to a business. One, you need content. Two, you need a marketing channel, right? So, the right video on the right channel. That is two things you have to learn here, guys. So, if anybody here, if there's one thing you have to learn from this conversation is you should become an expert at creating 15second video ads on Instagram.

[00:14:09]If you know how to make a 15-second video ad on Instagram, your grandkids will thank you at the Four Seasons.

[00:14:20]Okay, that's all you have to learn.

[00:14:23]>> Say more. Like, how do you [laughter] how do you make that?

[00:14:26]>> Now you're interested.

[00:14:26]>> Yeah, of course.

[00:14:28]>> Well, I just think most >> Let's make a 15-second ad for uh for this event.

[00:14:33]>> Oh, that's interesting.

[00:14:34]>> Um, so so so I'll answer the first question first. Why is this important?

[00:14:39]Uh first of all, you have to get really good at sales. There's two ways to do sales. Knock on doors or do it online.

[00:14:48]Uh I think everything what you're building here, you're unlikely to go knock on doors. So, you have to be really good at online sales. Uh the way social media platforms work is that 80% of the world is on four websites.

[00:15:01]>> 80% of the world is on four websites, >> right? Which is Facebook, Instagram, YouTube, you know, Tik Tok. Okay, great.

[00:15:06]So 80% of the world is on four websites.

[00:15:08]So if I want to reach 80% of the world, then I need to reach them on these four websites. If I want to sell them on these four websites organically with organic content, the algorithm will stop me.

[00:15:21]>> Because there's a reason Zuckerberg has $300 billion.

[00:15:26]>> You know, they want to monetize audience. And so if you're trying to sell with organic content like nasty content, actually doesn't work as good.

[00:15:35]It works. It worked with us, but it doesn't work >> every time.

[00:15:39]>> Y >> which means you have to pay social media to reach users and customers. Okay.

[00:15:45]>> And the best format of ads today is 15 seconds.

[00:15:49]>> And so if you get good at making 15 seconds, you pay Instagram and Facebook $100. They give you back $200 in revenue sales. That's a money printing machine.

[00:16:02]There was a moment last year actually when we started the AI school. I was giving Facebook $20 and they were giving me back a $30 a month subscriber.

[00:16:14]>> That's a money printing machine. Imagine $30 a month for 6 months. That's like $180 and I'm giving Facebook $20. So I'm making guaranteed profit $160.

[00:16:25]What I'm trying to say is that's the future of entrepreneurship is getting really good at these 15-second ads to tell sell your product. And that's what NAS.com is trying to really hone in on.

[00:16:38]How do I make the best 15-second ad for you with AI from a picture?

[00:16:43]>> Not being too salesy, being a little bit more organic so that Zuckerberg pushes you a little bit more.

[00:16:49]>> No, no, no. You have to pay for this.

[00:16:51]>> Oh, okay.

[00:16:51]>> Yeah. Yeah. There's no >> So, you're saying ads. You're not talking organic.

[00:16:54]>> Oh, yeah. I'm not even organic is dead.

[00:16:56]You This >> Don't say that.

[00:16:58]>> We're about to make an organic video, right? [laughter] >> No, organic is not dead. It's just not predictable.

[00:17:06]>> You cannot build a business on something that's not predictable.

[00:17:11]>> It's like building a business and you don't know what the weather is going to be tomorrow. You you will you will die.

[00:17:17]>> So, you have to be salesy. The only downside is that you have to pay Facebook and Instagram money >> to give you the views so that you get the customers.

[00:17:29]>> So you spend that $20 and you figure out what your $20 and $100 is and then where your profit lies.

[00:17:34]>> Exactly.

[00:17:35]>> Look at NAS daily. U let's say we make uh everything we sold over the last two years. What percentage of it do you think came from organic NAS daily content? I mean, given you're one of the biggest creators in that space, I would hope that it's at least 30 to 50%.

[00:17:52]>> It's 5 to 10%.

[00:17:55]90% of my revenue comes from paying social media to show my videos to get the customers. And if I have to do it as a guy with 70 million followers across all social media, you have to do it with your 200 followers. You have to do it, [applause] >> guys. So, I guess I guess my biggest takeaway, and it should be for everybody, is get really good at those 15-second ads. Now, what is the architecture, the best architecture, the optimized architecture that you have found out for that 15-second ad? So, what I'm saying is start your 15-second ads or your content with superlative, >> the least appreciated product in New Delhi.

[00:18:40]>> Oh, I want to know that. the most hottest new matcha in Gau. I want to know that.

[00:18:48]>> Got it. All right. So, is it that exaggeration and overselling sometimes when your product is not the most >> really I'm coming from you?

[00:18:57]>> No, no, I mean I'm trying to ask on behalf of everybody. Um, >> what was that video we made together?

[00:19:03][laughter] >> The school with no exams.

[00:19:09]No, but so you're saying you have to find what is superlative about your product.

[00:19:14]>> Yes.

[00:19:14]>> Right.

[00:19:14]>> The best products are superlatives >> to begin with. So maybe you should create a product that is superlative.

[00:19:21]>> Sorry.

[00:19:21]>> There you go.

[00:19:22]>> That was the worst phone. [laughter] >> No. Now, okay. So 15 seconds. Uh are you making these ads through AI or are you shooting them yourself? By the way, what percentage of content that we see on your channels is AI versus it's actually you with a camera?

[00:19:40]>> That's a good question. Uh, so last year I did 100 videos in 100 days that are 100% AI. So it was 100% for 100 days.

[00:19:49]Since then I stopped that. Uh, and that did really well. Did better than humans.

[00:19:54]If I take an average NAS data video, uh, I think it would be now 70% human, 30% AI. But when I do make a 100% AI content, it's very clear. Hey guys, I'm making a 100 AI videos to test. I think the content of the future is going to be like 50/50.

[00:20:14]>> Say more.

[00:20:16]>> I think it's going to be very very normal that 50% of the content is going to be AI and not humans.

[00:20:22]>> The thing is, if you're not in the content world, you don't notice this.

[00:20:25]But even before AI, half the content on social media or the internet was not human. It was stock footage.

[00:20:35]>> I didn't shoot it.

[00:20:37]>> Somebody else shot it as a stock footage and I bought it and I put I want a picture of a pilot. A video of a pilot.

[00:20:43]Okay. Stock footage. Pilot. Insert in my NAS daily video.

[00:20:47]So, what I'm just doing now, instead of buying the stock footage, I'm just generating my own stock footage with my own unlimited customization.

[00:20:58]>> Nothing wrong with that.

[00:20:59]>> Yeah, but like you can still tell, at least the way technology is today, that this is clearly AI, right? Even when the eyes like are sparkling and the hair is like fine, you can still make out like this is slob, right? [laughter] >> Okay. So, you played football, right?

[00:21:14]When you run, you don't run to where the ball is. You run to where the ball is going.

[00:21:21]>> Yes. The ball today is slow.

[00:21:25]>> It's obvious. It's it's it's it's it's cartoonish.

[00:21:28]>> Yeah.

[00:21:30]>> That's why I ask people, do you know C dance 2.0? Because it is the best video model uh that has come since we started this whole AI stuff. Um, and I I would give it another year, 365 more days, you will not be able to tell if it's AI or not.

[00:21:49]>> So, if I'm telling you in 365 days there's going to be a revolution, you're going to start packing your bags and looking for an alternative very, very soon or preparing for that revolution by going to the army.

[00:22:01]>> And so, do you think like next year when we're doing next tech 2.0, uh, will we have that camera over there or no?

[00:22:09]No, I'm not saying the need for human content is not there. You will have that camera. But most likely once you shoot this fireside chat as I explain concepts, you're going to do AI >> B- rolls.

[00:22:22]>> When I say, "Oh, I went to India and I saw this." And if you don't have that footage, you're just going to generate with the eye and no one can tell the difference. M you know when when everybody becomes an entrepreneur, everybody becomes an e-commerce seller, everybody is making 15-second videos, everybody starts to do something, then you lose the market for it becomes saturated, right? And and then there's no differentiation.

[00:22:44]>> So Pratam, what's the alternative?

[00:22:46]Everybody should be a slave labor.

[00:22:48]>> I I don't know. I mean, but I I feel like we're saying that everybody should just start selling online. Everybody should work for themselves >> because that is what we are biologically destined to do.

[00:23:04]>> 2,000 years ago, we didn't have corporations.

[00:23:08]>> We had me in a farm with my wife or wives and [laughter] >> and my cave or husband or husband husbands whatever >> and we were just working for our farm. M >> I think biologically that's what humans will I think this corporate concept is new >> maybe it's 200 300 400 years old >> the Dutch company act yeah >> so why is working in a skyscraper on the 35th floor putting a neck a rope around your neck called a tie um why is that normal >> got it all right so u then what about like the societal mindset all right the the expectations from education uh the ROI, the all all of that like how does how do how does the world adapt to that?

[00:23:54]>> Now you know why I'm so excited about this AI revolution and wanting my company and my whole life to be about it is because we have an opportunity to almost like bulldoze everything we built and rebuild again.

[00:24:10]>> Okay. So if if you had the opportunity to take every uh building in New Delhi >> and remove it and restructure New Delhi in a way there there's no traffic in a way where there's walkable places. Would you want to do it?

[00:24:26]>> And you say you could do it and nobody will be angry. You would do it.

[00:24:30]>> This is essentially what we're at the moment is we can erase everything we know about how the world should work and rebuild from scratch. So you said something about even a classrooms. There is nothing normal about sitting down on a chair with 30 other students listening to a mediocre person teach >> for eight hours a day who is not smarter than you.

[00:24:52]>> That's not normal.

[00:24:53]>> That's my line.

[00:24:55]>> That's your line. [laughter] >> No, totally. I get it. So I know it's not normal, but like how does the society adapt to that new future? I mean like there is still that employment expectation, right? that employment concept that that that the the safety of the check at the end of the month >> most likely I don't want this I I'm scared of this future but it seems like it will happen if you save yourself with you know figuring out your own job or or or having a job or building a business then you're good >> that safety comes from the salary or from your company profits >> and if you didn't save yourself most likely the government has to save you.

[00:25:38]>> So I think we should be accustomed to the idea that maybe we'll have some sort of socialism >> and you see it in New York with Mandani.

[00:25:47]You'll see it pop up everywhere. And this whole idea, I think there will be a safety net where the government is going to give you $2,000 a month just so you're not on the streets.

[00:25:56]>> So either you are a one person company, >> could be 10 to 100.

[00:26:01]>> All right. Yeah. um essentially like a small companies, bunch of small companies where everybody's a shareholder, everybody's a partner, all of that. I get that. And then the rest of the people are on universal basic income.

[00:26:13]>> That does not seem unlikely to me.

[00:26:15]>> Is that your vision of the future?

[00:26:17]>> That's not my vision. That's not what I want. That's not >> what you want. That's how you see.

[00:26:21]>> I'm 60% confident this will be the future.

[00:26:25]>> Which was the case 2,000 years ago, right? Essentially. Yeah. Exactly.

[00:26:29]>> You had the landlords and then you had the people who working on the farms. So, who's the landlord in this case?

[00:26:34]>> You tell me.

[00:26:35]>> Well, I I think you'll have a decentralization of companies.

[00:26:40]>> So, if there's a 100,000 person company with 100,000 employees, most likely you'll have a thousand companies with 100 employees.

[00:26:50]>> I think that's a good thing.

[00:26:50]>> Just get just shrink over time more and more two three one whatever, right? But I think that's a good thing.

[00:26:56]>> I think Tata Consultancy is what 100,000 people. There is no way that company is efficient.

[00:27:03]>> There is no way those 100,000 people have something to do every day that they're excited by.

[00:27:07]>> So I think you'll see a thousand person companies and then 100% person companies and that. So that's great.

[00:27:13]>> But if you cannot find as yourself in 100 person company, >> the government will help you should help you.

[00:27:20]>> Got it. Now you know we have a lot of 21 year olds or thereabouts uh in the audience. Um, >> do you agree or disagree with what I said?

[00:27:30]>> I don't know, right? I I really think that in the future we'll have a lot of companies that will be single person companies and then we'll have these corporations but they look different right like if you go 20 30 years ago there was no concept of ownership in a company right there were no esops that model is so new and I think esops will evolve and in in the moment maybe 10 15 years ago you had these contracts remember you were you were big into blockchain I remember >> right where you could like >> still am >> you still am okay I thought uh we'll talk more about but um where you could just like own a contract in a company and that'll entitle you to benefits from that company in the future through blockchain right by buying a token or whatever and I really thought that that was promising still not fully there and I think that concept will evolve so you will have corporations because there's some things that are done at large scale and there are efficiencies of scale etc and not everything can be AI there is a lot of manufacturing there's a lot of construction there's a lot of roads there's a lot of carpets there's a lot of screens all these have to be developed as well um but uh a lot lot of younger entrepreneurs can form those oneperson companies, right? Uh but the corporations will still be there. I feel the 100,000 person company I feel in some shape or another will still be there. There's so much stuff going on in biotech.

[00:28:45]>> You need a bunch of researchers putting their heads together um and and making something. So I I I feel like some industries like as you said e-commerce um AI you know basic tools for sure one person companies uh like the freelancer of yesterday will become an individual like one sole proprietor company right?

[00:29:05]>> Yes.

[00:29:05]>> But but the corporation of today will stay a corporation of tomorrow.

[00:29:08]>> Okay.

[00:29:09]>> Yeah. Like for example Netflix will stay but the but the content on Netflix may be coming from a lot of individuals.

[00:29:16]Does that make sense? So why does Netflix need the same number of employees?

[00:29:20]>> Uh because Netflix is a marketing company at the end of the day. Like how much content does Netflix actually make themselves?

[00:29:25]>> Like they they pay a production house to make it and I feel the production house may change. Netflix will still be Netflix.

[00:29:32]>> Let's see. Uh okay. So should we take a bet right here?

[00:29:35]>> Okay.

[00:29:36]>> $100.

[00:29:37]>> Okay.

[00:29:38]>> On the number of employees at Tata Consultancy.

[00:29:41]>> All right.

[00:29:41]>> I say it will be lower today. Lower from today. in a year from now.

[00:29:48]>> Oh, I agree with that.

[00:29:49]>> You think they'll have lower employees than >> No, no, no. So, let's make it more interesting. Right. Right now it's how much? 300,000.

[00:29:54]>> 600,000.

[00:29:55]>> 600,000.

[00:29:56]>> This is the wrong time to talk about TCS.

[00:29:58]>> Wait, why? What's happening?

[00:30:00]>> It's uh >> I don't know. I'm not from India, guys.

[00:30:02]I don't know what's happening.

[00:30:03]>> I'm from TCS.

[00:30:05]>> Maximum maximum memes today are on TCS because of >> some controversy. Controversy.

[00:30:10]>> I had no idea. That's really funny.

[00:30:12]>> Oh, okay. I had no idea.

[00:30:13]>> What are the odds? Okay. Six out of 10.

[00:30:14]I think next year they'll have less than 600,000.

[00:30:17]>> Less than 100,000.

[00:30:19]>> No, no, no. Come on. It doesn't happen in a year.

[00:30:21]>> Okay. 5 years. 5 years.

[00:30:22]>> In 10 years it'll be less than 100,000.

[00:30:26]>> In 10 years?

[00:30:26]>> Yeah, of course. You're not going to let go of half a million people.

[00:30:29]>> I mean, I agree with that.

[00:30:30]>> So, you agree that corporations will shrink?

[00:30:33]>> Yes, that I agree.

[00:30:34]>> In 30 years, they'll have 10,000.

[00:30:37]>> 30 years is a long time frame. And I think in in 30 years you have substantial shift in people's mindsets.

[00:30:45]>> That's what I'm saying.

[00:30:46]>> Yeah. At 30 years I can't predict. I think even 10 years is very difficult to predict. I'll give you a 5year wager on >> but we want them to know for next tech 2.0 >> 5.0 5.0 we we'll open this we'll open this sandbox then.

[00:31:00]>> Okay.

[00:31:00]>> How do we change schools universities for AI? Like I'll tell you I'll ask you one thing. My students and I'm not talking about Nandin here. My students know more about AI than my teachers.

[00:31:11]>> That's a very bold statement.

[00:31:13]>> No, I'm I'm fully confident. My teachers here will agree, right? Um, you know, this they're they're AI natives like they talk to chat GPD or like they type on chat or whatever other tools like it's like it's it's something that you know like we were always better at computer than our parents.

[00:31:29]>> Yeah.

[00:31:29]>> You know what I mean? Early generation.

[00:31:30]So >> So then like how do we teach AI? Like can AI be taught? Like should there be a course on AI? I mean AI development and tech and like deep tech that's okay but like a lot of people come like do you have a course for AI? Like I'd love to learn AI. Like just start using >> ask AI. Just ask AI and it'll teach you AI about AI. Like you don't need a course anymore.

[00:31:53]>> Yeah. Exactly.

[00:31:54]>> Okay. Do you want my honest answer or my politically correct answer?

[00:31:58]>> Both. Honest answer.

[00:32:01]>> We can we can we understand what the polit the politically right answer will be.

[00:32:04]>> Yeah. Yeah. We love we love schools. We love everything. Yeah, everything's good. Uh, my honest answer, okay, the way I really think about it deep down in my heart, because I'm not going to hear lie to you or be like fake.

[00:32:18]The every like 50 years or so, society decides what is the future, what is important, and the smartest people in society go and build it. M >> 500 years ago the smartest people were were going to religion.

[00:32:38]>> That's why we had a lot of religious like revolutions >> before Darwin.

[00:32:43]>> Yeah.

[00:32:44]>> So the smartest people were actually religious people. The gurus and the shakes and the whatever.

[00:32:50]>> Then the science revolution came. Darwin came. Then the smartest people decided that the most important thing is science. So the smartest people flocked to science away from religion. That's why kind of religion has not really grown that much. Okay. So now science became the the smartest thing. So let's look at society today.

[00:33:09]>> Where do the smartest people flock to?

[00:33:12]>> AI, >> Silicon Valley entrepreneurship.

[00:33:16]You can probably guess that Nvidia attracts the smartest people in the world.

[00:33:20]>> Correct? which means the temple and the religious places worship may not be able to attract the smartest people in the world. But the same applies to universities.

[00:33:31]>> So you have a selection bias >> whereby you know the traditional universities around the world and I don't know much about India are not attracting the top talent when it comes to teachers, professors. That's number one. Number two, the incentives are wrong. M >> the concept of tenure is bad.

[00:33:51]>> The idea that you can never lose your job no matter what you do unless you do some kill somebody you lose your job is crazy to me. You should always have pressure >> because humans need the pressure to perform. So one we're attracting the wrong people and number two is um the incentives are wrong for for teachers.

[00:34:14]>> This is why I actually love what you're doing. because you are a private sector and you're attracting the smart people to teach to operate to market and the students. So I'm a big fan of what you're doing because you attract the right people. But I think a traditional university maybe a government university maybe not in India but in the world >> wrong employees wrong incentive structure >> which means to change that you have to change the people in higher ed >> and that's not a popular thing to say but if I was dictator in my country I would like fire 80% >> of the employees in higher ed and I would replace them with Nvidia people.

[00:35:03]>> Fair. So Nvidia should build a university essentially.

[00:35:05]>> Exactly.

[00:35:06]>> So we have the Nvidia India MD >> coming later today. We should tell him that.

[00:35:10]>> Yeah. And the Tata person, are they coming? [laughter] >> Close back. He's not here already.

[00:35:16]Right. No, not here already. Yeah. The next one, the next session actually >> with someone who runs a TCS like company, a very large.

[00:35:21]>> So ask them if they're going to have more or less employees next year.

[00:35:24]>> Okay, let's see. That's a let's make a note of that. All right. So, you know, I'll just add one thing. Um, this has been my learning. So, in the 30s and 40s, everyone was talking about physics, right? Physics was where the smartest people went. And you were talking about how electrons move from one place to the other, how electrons shift from one orbit to the next one, etc., etc., etc., etc. It was all about physics. In the 40s and 50s, it became all about electricity. So, how do you use these moving electrons to generate energy, right? And people stopped thinking about the physics of it. they sort of graduated to the next level.

[00:35:58]>> In the 50s and 60s, it became about electronics. So, how do you use these moving electrons to create screens, >> right? And you forgot about the electricity of it. Interestingly, in the ' 50s, the most important person in a large company was the CEO, chief electricity officer, right? It became commoditized. In the 60s and 70s, it became all about computers or circuits. So, how do you use these moving electrons to transfer now information? And you forgot about the electronics of it all. You didn't care about how the power unit was installed.

[00:36:31]>> Nobody cared about that. In the 80s and '90s, it became all about software, right? And so now you're thinking about programming languages and not really about how the circuits are working underneath that, right? And forget about the physics of it all. Nobody cared, right? And now that we have AI, we're not thinking about the software development of it all because that's gotten commoditized. No one's thinking about it. And now we have to graduate to thinking about one level of abstraction above what computer science was a few years ago.

[00:37:00]>> The work that the software does for you >> which is the work that so then you know we had the physicist then we had the electrical engineer then we had the electronics engineer then we had the computer engineer then we had the software engineer. What does the AI engineer look like?

[00:37:19]>> Fair question.

[00:37:20]>> Hard question.

[00:37:21]>> Hard question. what what does an AI engineer do? Now, not everybody wants to build foundational models, right? Or needs to build foundational models. You don't need a billion foundational models, right? So, so what does that AI engineer do? And maybe we leave this as a question for people to explore the rest of the day. Uh but what would be your answer?

[00:37:46]So remember the year 2000 when most of you were not born and I was a kid. Uh the most valuable company in the year 2000 was Cisco. Doesn't Oh. Cisco. Aren't they a partner?

[00:38:03]>> Yes.

[00:38:03]>> Oh my gosh.

[00:38:04]>> Yeah. Be careful.

[00:38:05]>> We love Cisco. [laughter] But but when the internet came everybody was saying oh my god the internet is going to be the most important thing in the world. The company that is creating the fiber optics the the connecting the internet between continents is the most valuable company in the world >> because they were building the infrastructure of the internet. Okay.

[00:38:29]Cisco stock went up through the roof.

[00:38:31]Then let's say they built uh too much fiber optics and then we did not use the internet as much and we had the.com crash and Cisco crashed by a lot. Only now only now after 20 years is it back to the same stock price as the year 2000. So if you bought Cisco in the year 2000 you are in the red for 20 years >> or 25 years.

[00:38:54]>> Okay. But but what I'm the point I'm trying to say is we always like think about step one and we put all of our money in step one until we realize step one is actually a commodity. What really matters is step two.

[00:39:07]>> So after you know so now everybody's buying Nvidia because that's step one of AI. Step two of AI is the model anthropic chat GPT. We are at step two where we think the most important thing in the world is the anthropic model. Oh my god, Mythos is going to be amazing. Opus, oh, Chachip 6, seven, whatever. My prediction is that Nvidia doesn't matter and anthropic doesn't matter and that's going to be the same as I don't know who gave me this electricity. Was it the New Delhi power company or the Rajasthan power company? Do I really care? I don't care.

[00:39:44]It just does the job.

[00:39:46]>> What really matters is what you do with the model, which is the application layer. So my bet for the next 5 10 years and this is why I'm building an application layer. I know nothing about models or or GPUs is all of that will be commoditized and the only thing that matters is what do you do with the electricity? What do you do with intelligence?

[00:40:09]How do you apply it? So if I apply intelligence in your university, I get a better university, more students, more money. If I apply intelligence to entrepreneurship, I get better successful entrepreneurs. It's the application layer of intelligence. So if you're an AI engineer, don't worry about chat versus claude.

[00:40:28]Nobody cares. You should worry about I have intelligence, infinite intelligence. What should I apply it to?

[00:40:37]You can apply it to your fridge at home and you have an amazing, amazing company. You can apply intelligence to your bicycle. You can apply intelligence to your law firm, to your clinic nearby, your friend's farm.

[00:40:53]You make a billion dollars like that.

[00:40:56]>> All right, on that note, we'll take two or three questions from the audience.

[00:41:00]All right. Uh, who wants to go first?

[00:41:04]>> There you go. Go ahead.

[00:41:04]>> Make the question hard and sensitive.

[00:41:07]>> Use a superlative. [laughter] >> This is the stupidest chat >> that you must watch. Yo, I love that title.

[00:41:16]>> Can we make that the title on YouTube?

[00:41:17][laughter] >> AI question. So, first of all, I would like to, you know, say that I really admire how you have grown your community from a simple moment to, you know, global stories and me as a founder, I always you know see people like you. So, I want to understand from you if today I want to build a community or you know go to a global level, what is the first step that I should stop doing?

[00:41:43]Is there one thing you should stop doing if you want to build a community like the way you believe?

[00:41:47]>> Um, I think the first thing you should stop doing is fitting in.

[00:41:54]>> In a society, in every society, there's a massive pressure to fit in.

[00:42:00]Wear what we wear, think what we think, do what we do. And if you don't, you're ostracized.

[00:42:07]The main reason Nas Daily succeeded is because I didn't fit in. I pushed very hard to not fit in. It all started with even college. Did you know I come from a village with the highest percentage of doctors per capita in the world?

[00:42:23]>> Really?

[00:42:24]>> No. That's a superlative.

[00:42:26]>> Uh 95% of my classmates were doctors.

[00:42:31]That tells you don't be a doctor.

[00:42:33]>> Yeah.

[00:42:34]>> Right. See, whatever 90% of your society is doing, don't do. That's the only way to stand out. I think I have started already doing that because I've created 300k comedy on LinkedIn where people are focusing on YouTube and you know Instagram. So I think that is the first step that I have taken. So yeah, thank you for that.

[00:42:51]>> Be more opinionated. Yeah.

[00:42:52]>> Like I want to come out of this and be like that girl asked the most crazy question. She has an insane personality.

[00:42:59]Don't be forgettable.

[00:43:01]>> Got it?

[00:43:01]>> And and and there's a difference between being attention seeking and being yourself.

[00:43:07]>> Yeah. Thank you. Thank you >> over there. Go ahead. So the companies with only two to three person will they be as sustainable as the corporations?

[00:43:14]What do you think about this? Like companies with just two to three employees? I've seen one company uh with just two employees. They built a $ 1.8 billion company I guess somewhere in foreign. So the companies will be as sustainable as uh the companies with corporations which have very large group of employees. What do you think?

[00:43:31]>> Okay, it's a very good question. He's saying if a company with two people makes a billion dollars, are they really going to be around? company with a 100,000 employees is going to be around because it's very stable.

[00:43:43]>> So the way I think about companies is I take the number of years it took to succeed times two, that's the life of the company.

[00:43:54]>> Okay?

[00:43:55]>> So if your company succeeds and makes a billion dollars in a week, you're going to lose a billion dollar in another week. And the lifespan of a company is two weeks.

[00:44:03]>> Okay? So, I'm actually very very careful of super fast growth unless it's anthropic, which it's crazy. But most companies that go super [clears throat] up also go super down. What you really want is continuous constant uh growth.

[00:44:17]Whether you're a twoerson company or a 100,000 person company, it doesn't matter. And so if you are growing slowly but surely as a twoperson company, you're much more sustainable than a 100,000 person company because you have a lot more profit. Sustainability in business is essentially cash flow. Are you generating cash? That means you're sustainable. Unsustainable companies don't generate cash. If you have two employees, you have a lot of cash left.

[00:44:47]If you are 100,000 employees, you may not have a lot of cash. So, so that's why I say it's two different questions.

[00:44:52]Sustainability is about cash and life of a company is about I think speed of initial growth. So, I just run away from anything that pops in a day or two. And we had a lot of that in crypto unfortunately.

[00:45:07]>> We also have a lot of that in in AI today. And you should be very careful.

[00:45:11]Do not buy all birds stock.

[00:45:13]>> What is that?

[00:45:14]>> You heard about it? No.

[00:45:15]>> Allirds is a shoe company.

[00:45:17]>> Oh, of course. Yeah. Yeah. All birds.

[00:45:18]They pivoted >> to what?

[00:45:20]>> To AI.

[00:45:21]>> Really?

[00:45:22]>> It's called New Bird AI.

[00:45:24]>> No way.

[00:45:24]>> The same company.

[00:45:25]>> They make those black and gray shoes.

[00:45:27]>> Yes. Now I used to love that company.

[00:45:29]>> My mom, she likes them.

[00:45:31]>> Yeah. They look like this.

[00:45:32]>> Exactly. That's [laughter] No way. So what are they doing now? This is a really like popular shoe company.

[00:45:38]>> They're selling GPUs now.

[00:45:39]>> They sold the brand to $50 million.

[00:45:41]>> That's it.

[00:45:42]>> Yeah. They're gone. Done with the shoes.

[00:45:44]And now they are bought GPUs to build the data center for AI.

[00:45:50]>> Crazy.

[00:45:52]>> And the stock went like 10x. So that's the one stock I'm not buying.

[00:45:56]>> Why not?

[00:45:58]>> Too fast.

[00:45:58]>> Too fast.

[00:45:59]>> Too fast. Okay. But the company may still do well if the stock does not.

[00:46:03]>> Should we do another bet? [laughter] >> All right. One last question. Uh, go for it. In the middle. Yeah. Go ahead. I wanted to ask like if in a day's time if you were to observe what you buy essentially is it it's like a good it's a it could be a service or it could be an experience on what you spend on a daily basis. I think with manufacturing admin with the robotics and all I think that can be solved with a factor of maybe thousandx and the cost will also be reduced. So I don't think there is much money to be made by a newcomer over there. Then it comes to services >> in manufacturing you think there's not a lot of money to be made >> for a newcomer. I think like because the other corporations can scale really to 100x,000x >> you don't have that much capital. Yeah.

[00:46:41]>> Yeah. Also the the margins might swoop down up a bit. Then in the services you have also like explained that it's going to become a commodized sector and you can again like create many different services with a fraction of cost what it used to take earlier. But it still leaves me with the third sector which is services or like with an experience that you're creating for a person which I feel like if the economy is really going 10x of what it is right now at 100 trillion on the world scale if it it were to go 10x do you think a lot of allocation of that new capital which will be generated in the market will go to the experiences rather than the goods and the services.

[00:47:18]>> Wow very good question. Uh, and I I think I think I disagree. Again, we're all guessing here. Nobody knows the future. I have 60% confidence that I disagree. Um, I think your premise that physical manufacturing goods has reached efficiency and equilibrium, supply and demand is there and there's no margins left to be made. I would start with that assumption and I think that's a false assumption because I think that entire manufacturing sector just like the education sector the public education sector did not attract the smartest people the smartest people went to the digital software services intangible sector only now are the smartest people in the world going into the touchable thing the hardware thing robotics and drill right the the the that company that does weapons, right? It's become cool to make hardware now. So, I actually think when the smartest people in society go into a sector, they make it a lot more efficient and a lot better and you seem to be like one of the smartest people uh in the world. Uh just because you're here, you know, with Masters Union, you're I don't know if you're but you're in the right spot. Um I would say there's a lot more money to be made in the physical world than we than we anticipate. You know, saturation is a myth is what I strongly believe.

[00:48:44]And I'll give you an example. I met a company day before day before and uh you know, you would think that the market for mics is saturated, right? You have like these four or five companies. It's available everywhere. It's a good product. It makes kind of makes sense.

[00:48:59]But what this company does is you install this one server in a room. The server identifies who's speaking when and where. It throws some rays or throws some like vibrations that automatically accentuates anyone's voice who's speaking.

[00:49:15]>> Wow.

[00:49:16]>> And it's smart enough that if it's coming from one side, it will adjust in one way. And it's coming the other side, it'll adjust in one way. And if two people are speaking at the same time, it'll automatically, you know, make one lower and the other one stronger. AI.

[00:49:27]>> That's so cool.

[00:49:28]>> Right. And and I'm like, all right, this kind of makes sense. Like, why are we carrying this this little thing all the time? It's just like one thing you install. Yeah, it >> just makes sense, right? And so you would think that there is no opportunity left in the mic market, but there is enough.

[00:49:43]>> And last comment on what you said, experiences also will grow. Big fan of experiences. My only warning to you is try not to sell your time for money because experiences can rob you of time in exchange for money and that just sucks.

[00:50:00]You know, at some point you want to productize things. So, if you can productize an experience, you're in you're good. But try not to sell your time for money.

[00:50:09]>> Right. On that note, thank you so much.

[00:50:11]That's >> Thank you. Thank you. This is awesome.