PICTURE, LAUREN, THANK
YOU VERY MUCH.
NOW I WANT TO BRING IN CELEBRITY
INVESTOR KEVIN O’LEARY.
KEVIN, GREAT TO SEE YOU THIS
MORNING.
WHAT DO YOU MAKE OF THE RISE OF
ARTIFICIAL INTELLIGENCE LIKE
CHATGPT?
IS THIS A GAME CHANGER?
>> I THINK IT IS, ACTUALLY, AND
YOU CAN SEE IT REFLECTED IN THE
DIMINISHMENT OF THE MARKET
CAP OF GOOGLE.
IT MAKES SENSE, BECAUSE YOU
THINK ABOUT THE FORMAT OF WHAT
CHATGPT IS.
IT’S NOT BRAIN SURGERY.
THEY ARE BASICALLY SCRAPING THE
INTERNET ITSELF IN A NEW WAY
SO THEY ARE TAKING DATA YOU
COULD GET ON GOOGLE WHICH YOU
FIND IN ALL OF THE LINKS LISTED
AND PEOPLE ARE BUYING PROMINENS
ON THOSE LINKS.
IT’S A FORM OF ADVERTISING.
YOU DON’T NEED TO DO THAT ANY
MORE ON CHATGPT, SO IT’S
GOING TO EFFECT HOW IT’S
ADVERTISED, MORE OF A
SUBSCRIPTION MODEL.
LAST WEEK, I STARTED JUST
LOOKING AT MY OWN USE OF BOTH
GOOGLE AND CHATGPT.
I’M SORT OF UP TO 30% OF MY
SEARCH DAYS NOW AND I WAS FORCED
TO BUY THE SUBSCRIPTION SERVICE
LAST WEEK AT 20 BUCKS A MONTH
BECAUSE 100 MILLION PEOPLE A DAY
ARE LOGGING ON AND JAMMING UP
THE SYSTEM AND YOU GET PRIORITY
WITH THE $20 FEE, SO AS A RESULT
, AS AN INVESTOR I SAID TO
MYSELF OKAY, LET’S TRIM BACK ON
GOOGLE, WHICH I’VE DONE, AND
LET’S BUY INTO THIS ROUND AT
THIS CRAZY VALUATION OF
29 BILLION, BUT I LIKE TO OWN A
PIECE OF THE FIRST MOVER IN THE
SPACE.
SO THIS IS THE PROVERBIAL GOOGLE
KILLER AND I’D REMIND YOU.
YOU’VE BEEN LISTENING FOR A
DECADE-LONG ABOUT HOW THEY ARE
INVESTING IN MOON SHOTS.
THE ONLY MOON SHOT GOOGLE SHOULD
HAVE INVESTED IN WAS THIS ,AI.
THEY MISSED IT.
THIS IS LIKE MICROSOFT MISSING
THE INTERNET ON THE FIRST
ITERATION WHEN GATES WROTE THIS
BOOK.
HE NEVER MENTIONED THE INTERNET.
IT NEARLY CLEANED HIM OUT.
ASHLEY: I’M JUST SO ADDICTED TO
GOOGLE, KEVIN.
I JUST CAN’T IMAGINE JUMPING
OVER TO BING, BUT I GET YOUR
POINT BUT I WANT TO GET ON TO
THIS ISSUE BEFORE WE RUN OUT OF
TIME BECAUSE YOU, SIR, ARE
GETTING A LOT OF ATTENTION FOR
THIS TWEET ABOUT YOUR
DEFINITION OF SUCCESS, AND YOU
WROTE, "YOU MAY LOSE YOUR WIFE,
YOU MAY LOSE YOUR DOG, YOUR
MOTHER MAY HATE YOU, ONE OF
THOSE THINGS MATTER."
WHAT MATTERS IS THAT YOU ACHIEVE
SUCCESS AND BECOME FREE.
THEN, YOU CAN DO WHATEVER YOU
LIKE.
NOW, KEVIN, ARE YOU SURPRISED
WHAT KIND OF PUSHBACK YOU GOT
FOR THAT, AND DO YOU STILL
DEFEND THAT STATEMENT?
>> 100%.
IF YOU’RE AN ENTREPRENEUR YOU
KNOW EXACTLY WHAT I’M TALKING
ABOUT.
YOU’RE GOING TO WORK 25 HOURS A
DAY, EIGHT DAYS A WEEK.
THEY WROTE ABOUT IT WHEN THE
BEATLES FIRST PUT IT OUT
THERE.
THIS IS WHAT IT TAKES TO SUCCEED
, AS AN ENTREPRENEUR.
IF YOU CAN’T DO IT, IF THAT
STATEMENT MAKES YOU
UNCOMFORTABLE YOU ARE NOT AN
ENTREPRENEUR.
DON’T EVEN TRY.
ASHLEY: BUT EVEN AT THE EXPENSE
OF FAMILY?
THAT’S THE ARGUMENT BACK SAYING
WAIT A MINUTE WHERE IS YOUR
QUALITY OF LIFE?
>> LOOK YOU’RE GOING TO
SACRIFICE QUALITY OF LIFE WITH
YOUR FAMILY IN YOUR EARLY YEARS
AND THE REASON YOU DO IT AND
WHAT’S INHERENT IN THAT
STATEMENT IS YOU’RE BUYING
FREEDOM FOR YOURSELF AND YOUR
WHOLE FAMILY.
THAT’S THE WHOLE IDEA.
YOU SACRIFICE TO GAIN THIS BACK
LATER IN LIFE AND IF YOU DON’T
HAVE THE GUTS TO DO IT, DON’T
EVEN TRY.
ASHLEY: THAT’S WHY YOU’RE ON
SHARK TANK.
YOU’RE ALWAYS SO CLEAR AND TO
THE POINT.
KEVIN, LET ME GO TO BRING UP FTX
GOT TO MENTION THAT, SAM
BANKMAN-FRIED, OF COURSE WE KNOW
YOU WERE AN INITIAL INVESTOR IN
FTX.
ARE YOU DONE WITH INVESTING IN
CRYPTOS?
HOW HAS IT CHANGED YOU IN THAT
SECTOR?
>> NO, NO, NO.
IN FACT, I HAVE DOUBLED DOWN.
I’VE BOUGHT, ONE OF MY BEST
PERFORMING ASSETS FRANKLY IS
BITCOIN SINCE THE BEGINNING OF
THE YEAR.
I’VE BOUGHT MORE, BUT WHAT I AM
DOING IS SPENDING A LOT MORE
TIME ON THE HILL.
WHAT I LIKE ABOUT THE DOWNSIDE,
LOOK FTX WAS HORRIFIC.
THE WHOLE THING IS A DISASTER.
EVERYBODY GETS IT AND THOSE OF
US THAT INVESTED IN IT LOOKED
LIKE IDIOTS.
HOWEVER INVESTING 8 OUT OF MY 10
INVESTMENTS ARE THE TWO THAT WIN
AND IN THIS CASE IT LOOKS LIKE
ALLEGED FRAUD BUT MY POINT IS IT
DOESN’T STOP WHAT I DO EVERYDAY.
I GET UP EVERY MORNING AND
INVEST IN ENTREPRENEURS BUT NOW
THIS FTX HEARING THAT OCCURRED
LATE LAST YEAR ON THE HILL HAS
POKED THE BEAR AND REGULATORS
ARE NOW REALLY LOOKING AT
REGULATION.
YOU SAW GENSLER MAKE A MOVE LAST
WEEK.
HE’S ON A WAR PATH AND BACKED BY
A LOT OF PEOPLE INCLUDING PEOPLE
LIKE ME WHO WANT TO SEE
REGULATION.
WE WANT TO SEE SOME GUARDRAILS.
I’M TIRED OF GOING TO THE HILL
FOR HEARINGS EVERY SIX MONTHS
FOR THE NEXT CRYPTO COMPANY THAT
BLOWS UP AND GOES TO ZERO.
EVERYBODY IS SICK OF THAT.
IT’S NOW TIME FOR REGULATION.
ASHLEY: I HOPE YOU CAN GET SOME
OF YOUR MONEY BACK, KEVIN BUT WE
DO APPRECIATE YOU BEING ON THE
SHOW TODAY.
ALWAYS FORTHRIGHT AND TO THE