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These are the user uploaded subtitles that are being translated: 1 00:00:11,080 --> 00:00:12,640 So this is it, Silicon Valley. 2 00:00:14,880 --> 00:00:16,960 There's Google just down here. 3 00:00:16,960 --> 00:00:21,120 Tesla, Apple's headquarters, Facebook. 4 00:00:21,120 --> 00:00:24,840 And over there in the distance you've got San Francisco. 5 00:00:24,840 --> 00:00:28,480 Airbnb, Uber, Twitter, all based over there. 6 00:00:28,480 --> 00:00:31,160 It's absolutely unbelievable. 7 00:00:31,160 --> 00:00:35,680 The tech gods here are selling us all a brighter future. 8 00:00:35,680 --> 00:00:37,840 We are one global community. 9 00:00:37,840 --> 00:00:41,920 With the technology in our pockets, we can reclaim our cities. 10 00:00:41,920 --> 00:00:43,920 We don't want to be part of the problem. 11 00:00:43,920 --> 00:00:46,320 We are and will continue to be part of the solution. 12 00:00:48,040 --> 00:00:52,040 But Silicon Valley's promise to build a better world 13 00:00:52,040 --> 00:00:55,880 relies on tearing up the world as it is. 14 00:00:55,880 --> 00:00:57,920 They call it disruption. 15 00:01:00,760 --> 00:01:02,600 My name is Jamie Bartlett. 16 00:01:02,600 --> 00:01:04,200 I'm a tech writer. 17 00:01:04,200 --> 00:01:07,120 I want to discover what the reality is 18 00:01:07,120 --> 00:01:09,920 behind Silicon Valley's utopian vision. 19 00:01:18,080 --> 00:01:21,520 Across the world, some communities are fighting back 20 00:01:21,520 --> 00:01:23,520 against Silicon Valley's disruption. 21 00:01:27,600 --> 00:01:30,840 But what are the consequences for the rest of us? 22 00:01:30,840 --> 00:01:32,480 If the world really does end, 23 00:01:32,480 --> 00:01:34,520 there's not going to be a lot of places to run. 24 00:01:34,520 --> 00:01:38,040 VOICEOVER: This former Facebook insider fears for the future. 25 00:01:38,040 --> 00:01:41,240 Within 30 years, half of humanity won't have a job. 26 00:01:41,240 --> 00:01:43,640 And it could get ugly. There could be a revolution. 27 00:01:43,640 --> 00:01:44,840 That's why I'm here. 28 00:01:48,080 --> 00:01:51,120 This is the story of the disruptors of Silicon Valley 29 00:01:51,120 --> 00:01:53,400 and whether their promise to build a better world 30 00:01:53,400 --> 00:01:55,200 could end up destroying everything. 31 00:01:56,440 --> 00:01:59,920 The tech gods are promising us a sunny utopia. 32 00:01:59,920 --> 00:02:02,560 But could the forces they're unleashing 33 00:02:02,560 --> 00:02:05,520 actually herald a much darker future? 34 00:02:08,640 --> 00:02:09,680 In the postapocalypse, 35 00:02:09,680 --> 00:02:11,760 the 5.56mm round will be the currency 36 00:02:11,760 --> 00:02:13,880 of the new America. I guarantee you. 37 00:02:29,920 --> 00:02:32,360 It's not at all what I expected. 38 00:02:33,640 --> 00:02:37,240 Up close, Silicon Valley looks so normal. 39 00:02:38,280 --> 00:02:40,200 Even a touch boring. 40 00:02:41,320 --> 00:02:43,400 What is it that makes this place 41 00:02:43,400 --> 00:02:46,680 such a force for change in all our lives? 42 00:02:46,680 --> 00:02:48,120 That's it. 43 00:02:48,120 --> 00:02:49,000 Wow. 44 00:02:53,080 --> 00:02:54,520 So this place here... 45 00:02:55,760 --> 00:02:57,160 ..is Rainbow Mansion. 46 00:02:59,400 --> 00:03:01,680 It's an intentional community 47 00:03:01,680 --> 00:03:04,720 of people working to optimise the galaxy. 48 00:03:04,720 --> 00:03:06,800 So it seems like a pretty good place to start. 49 00:03:11,920 --> 00:03:14,520 The mansion is home to a bunch of global nomads 50 00:03:14,520 --> 00:03:18,240 who've come to Silicon Valley to pursue their dreams. 51 00:03:18,240 --> 00:03:19,520 Jeremy? Hey. 52 00:03:19,520 --> 00:03:21,720 I'm Jamie. Welcome to Rainbow. 53 00:03:23,400 --> 00:03:27,680 VOICEOVER: Jeremy Swerdlow is a virtual reality hardware designer 54 00:03:27,680 --> 00:03:29,400 and my guide. 55 00:03:29,400 --> 00:03:31,320 So could you show me a little bit around? 56 00:03:31,320 --> 00:03:34,960 Yeah. There are people working on stuff all over this house. 57 00:03:34,960 --> 00:03:40,240 Technology has been democratised in a way that it never has been before. 58 00:03:40,240 --> 00:03:41,480 People just need a laptop, 59 00:03:41,480 --> 00:03:43,880 you can start an entire company just on a laptop. 60 00:03:43,880 --> 00:03:46,120 Let me take you into the garage. 61 00:03:46,120 --> 00:03:47,560 Or the lab. The lab? 62 00:03:47,560 --> 00:03:49,760 You can't have a garage in Silicon Valley, 63 00:03:49,760 --> 00:03:50,840 it's got to be a lab. 64 00:03:50,840 --> 00:03:54,680 So the rule here is if your car isn't broken, it can't be in here. 65 00:03:54,680 --> 00:03:57,160 This is, this is for building, this is for start-ups. 66 00:03:57,160 --> 00:03:59,800 This is for hardware and making prototypes and building stuff. 67 00:04:01,120 --> 00:04:04,600 Garages play a crucial role in the mythology Silicon Valley 68 00:04:04,600 --> 00:04:06,400 weaves around itself. 69 00:04:06,400 --> 00:04:09,360 Everyone remembers how 70 00:04:09,360 --> 00:04:11,600 Hewlett-Packard began in this one. 71 00:04:13,520 --> 00:04:14,920 Apple started in this one. 72 00:04:17,480 --> 00:04:19,040 And Google's early days were here. 73 00:04:22,560 --> 00:04:26,640 What is it that you're doing? So I'm working out how to do CO2 conversion 74 00:04:26,640 --> 00:04:28,800 using ultraviolet energy from the sun. 75 00:04:28,800 --> 00:04:31,800 You can reverse climate change, you can terraform Mars... 76 00:04:31,800 --> 00:04:32,840 Reverse climate change! 77 00:04:32,840 --> 00:04:34,040 Yeah. 78 00:04:34,960 --> 00:04:37,320 Chemically, it's totally possible. 79 00:04:37,320 --> 00:04:39,160 This is called the hyper loop. 80 00:04:39,160 --> 00:04:43,000 Hyper loop is a new type of transportation system. 81 00:04:43,000 --> 00:04:46,080 You shoot at very high speed inside a tube 82 00:04:46,080 --> 00:04:50,320 and you can connect cities in a very short amount of time. 83 00:04:50,320 --> 00:04:52,760 But you must believe that technology like this is, 84 00:04:52,760 --> 00:04:54,800 in the end, it's going to help people, 85 00:04:54,800 --> 00:04:57,040 it's going to help the world? Yeah, of course. Yeah. 86 00:04:57,040 --> 00:05:00,440 We are explorers, we are pushing boundaries, discovering new worlds. 87 00:05:13,200 --> 00:05:17,360 Every Sunday night, the mansion hosts expert speakers. 88 00:05:17,360 --> 00:05:22,000 People come from all over Silicon Valley to share ideas. 89 00:05:22,000 --> 00:05:25,000 You can't move without falling over a plan 90 00:05:25,000 --> 00:05:28,520 to solve one of the world's pressing problems. 91 00:05:28,520 --> 00:05:33,160 Our hamburger, the impossible burger, made from plants, 92 00:05:33,160 --> 00:05:35,640 uses a small fraction of the land, 93 00:05:35,640 --> 00:05:37,840 the water, and the greenhouse gas emissions 94 00:05:37,840 --> 00:05:40,080 that a traditional burger would use. 95 00:05:40,080 --> 00:05:44,000 We're looking to change the whole food system in the US. 96 00:05:44,000 --> 00:05:45,760 And the world. 97 00:05:45,760 --> 00:05:48,080 Among this slightly cultish crowd 98 00:05:48,080 --> 00:05:51,440 I found a man who scaled the heights of Silicon Valley. 99 00:05:53,720 --> 00:05:59,200 Bill Hunt created five start-ups he sold for half a billion dollars. 100 00:05:59,200 --> 00:06:04,080 What do you think the attitude here is to change and to changing things, 101 00:06:04,080 --> 00:06:07,600 changing how industries work, changing how society works? 102 00:06:07,600 --> 00:06:08,720 There's a lot of that. 103 00:06:08,720 --> 00:06:13,360 There's a lot of focus on disruption. 104 00:06:13,360 --> 00:06:15,920 VOICEOVER: Here it is. The most potent idea 105 00:06:15,920 --> 00:06:19,040 at the heart of Silicon Valley's ideology. 106 00:06:19,040 --> 00:06:20,080 Disruption. 107 00:06:21,240 --> 00:06:24,280 There is a mind-set here that's very focused on disruption. 108 00:06:24,280 --> 00:06:27,000 What can you do such that you're not just talking about 109 00:06:27,000 --> 00:06:28,640 how we can make money, 110 00:06:28,640 --> 00:06:32,520 but how can we do things in a new way, in a better way, 111 00:06:32,520 --> 00:06:35,760 that makes the world better, both financially and socially? 112 00:06:35,760 --> 00:06:39,840 It's thinking about, like, how do we get rid of this previous industry, 113 00:06:39,840 --> 00:06:45,120 this previous architecture, this previous system 114 00:06:45,120 --> 00:06:47,320 and find a new way to do it, a way that's better? 115 00:06:48,760 --> 00:06:53,400 The quantum properties of different matter can be in a superposition, 116 00:06:53,400 --> 00:06:55,040 meaning that they are... 117 00:06:55,040 --> 00:06:57,480 This place is kind of 118 00:06:57,480 --> 00:07:01,280 what the dream of Silicon Valley is, I suppose. 119 00:07:01,280 --> 00:07:05,840 The... The idea that just armed with a bit of technology 120 00:07:05,840 --> 00:07:07,840 and a thought about how to change the world, 121 00:07:07,840 --> 00:07:10,040 you can actually make it happen. 122 00:07:10,040 --> 00:07:12,920 You can completely transform the way things are done. 123 00:07:12,920 --> 00:07:17,480 And that you can use technology in a way that will radically improve 124 00:07:17,480 --> 00:07:19,960 the lives of millions of people. 125 00:07:19,960 --> 00:07:22,560 And I think they really all believed in that as well. 126 00:07:24,440 --> 00:07:29,000 The same fervour can be heard from the tech gods too. 127 00:07:29,000 --> 00:07:32,960 In Silicon Valley, it's got a really positive association. 128 00:07:32,960 --> 00:07:35,000 To be disruptive means you're changing the world. 129 00:07:36,440 --> 00:07:38,360 It all sounds so hopeful. 130 00:07:39,560 --> 00:07:43,000 But behind Silicon Valley's ideals of disruption 131 00:07:43,000 --> 00:07:45,200 is a more traditional business reality. 132 00:07:46,360 --> 00:07:49,040 Cold, hard cash. 133 00:07:57,800 --> 00:07:59,840 Start-ups are drawn to Silicon Valley 134 00:07:59,840 --> 00:08:02,960 because of another vast industry - 135 00:08:02,960 --> 00:08:03,920 venture capital. 136 00:08:05,960 --> 00:08:09,600 Financiers who gamble billions of dollars on young companies 137 00:08:09,600 --> 00:08:12,400 in the hope of finding another Facebook or Google. 138 00:08:13,440 --> 00:08:15,720 But investment has a consequence. 139 00:08:15,720 --> 00:08:19,280 The founders of the two most valuable start-ups here, 140 00:08:19,280 --> 00:08:22,000 Airbnb and Uber, 141 00:08:22,000 --> 00:08:25,240 have attracted billions of dollars of venture capital. 142 00:08:25,240 --> 00:08:29,120 Even though Airbnb has only just begun to turn a profit 143 00:08:29,120 --> 00:08:32,320 and Uber has been losing billions. 144 00:08:32,320 --> 00:08:34,400 Maybe more than profit, 145 00:08:34,400 --> 00:08:38,440 venture capitalists want to see the potential for profit. 146 00:08:38,440 --> 00:08:42,560 And that creates a huge pressure on these companies 147 00:08:42,560 --> 00:08:46,120 to show that they're always growing. 148 00:08:46,120 --> 00:08:49,760 Increasing the number of customers as quickly as possible - 149 00:08:49,760 --> 00:08:53,880 "killing it", as they say here - is the start-up mantra. 150 00:08:56,760 --> 00:08:59,440 But what does it mean for Silicon Valley's mission 151 00:08:59,440 --> 00:09:01,400 to build a better world? 152 00:09:04,960 --> 00:09:07,080 San Francisco. 153 00:09:07,080 --> 00:09:09,720 Home of tech's newest disruptors, 154 00:09:09,720 --> 00:09:11,520 Uber and Airbnb. 155 00:09:12,560 --> 00:09:14,480 It is a city of extremes. 156 00:09:16,240 --> 00:09:19,160 Private buses take tech workers to Silicon Valley. 157 00:09:21,320 --> 00:09:23,000 Not far away, 158 00:09:23,000 --> 00:09:27,000 food queues and the very different lives of those left behind. 159 00:09:28,640 --> 00:09:31,880 I'm here to meet the tech company that has raised more money than 160 00:09:31,880 --> 00:09:35,440 any other, more than $16 billion. 161 00:09:35,440 --> 00:09:38,360 Uber's not even a taxi company at all, really. 162 00:09:38,360 --> 00:09:43,040 It's a sort of revolutionary new type of transportation network. 163 00:09:43,040 --> 00:09:45,880 There's this fundamental need to make transportation better, 164 00:09:45,880 --> 00:09:48,200 to make getting around cities better. 165 00:09:48,200 --> 00:09:51,160 You're talking about literally taking congestion off the road, 166 00:09:51,160 --> 00:09:53,280 you're talking about taking pollution out of the air. 167 00:09:54,400 --> 00:09:58,680 Founder Travis Kalanick's utopian vision sounds persuasive. 168 00:09:58,680 --> 00:10:02,720 But scandals over sexism and bullying finished him off as CEO. 169 00:10:05,960 --> 00:10:07,240 There he is. 170 00:10:09,600 --> 00:10:10,880 Just eight years old, 171 00:10:10,880 --> 00:10:16,520 the company operates in more than 450 cities across 76 countries. 172 00:10:19,120 --> 00:10:23,680 So what's the truth about the kind of world Uber is building? 173 00:10:23,680 --> 00:10:27,280 I'm meeting Uber's head of transportation policy. 174 00:10:27,280 --> 00:10:29,520 Welcome. Wow, it's huge! 175 00:10:31,560 --> 00:10:33,680 What is the aesthetic? 176 00:10:33,680 --> 00:10:35,000 Open. I think. Open-plan. 177 00:10:36,040 --> 00:10:37,040 Food. 178 00:10:39,280 --> 00:10:41,920 So tell me a bit about 179 00:10:41,920 --> 00:10:45,600 what the kind of vision of Uber is. 180 00:10:45,600 --> 00:10:49,880 Yeah. I mean, the vision is getting away from everybody needing 181 00:10:49,880 --> 00:10:51,680 to drive their own car everywhere they go. 182 00:10:51,680 --> 00:10:53,520 Right, if you look at a place like the US, 183 00:10:53,520 --> 00:10:56,600 where the overwhelming majority of travel is done by people driving 184 00:10:56,600 --> 00:10:58,600 their own car, and that has lots of consequences. 185 00:10:58,600 --> 00:11:01,040 Not just in terms of the number of vehicles people need to own, 186 00:11:01,040 --> 00:11:03,080 but how cities are designed and laid out. 187 00:11:03,080 --> 00:11:05,360 Everything from the amount of parking that we have, 188 00:11:05,360 --> 00:11:09,320 to the amount of fatalities on the road, to environmental impact. 189 00:11:09,320 --> 00:11:11,000 VOICEOVER: There it is. 190 00:11:11,000 --> 00:11:13,720 A pure expression of Silicon Valley utopianism. 191 00:11:15,400 --> 00:11:18,720 Is this a profit-making company, or is it a social mission, then? 192 00:11:18,720 --> 00:11:20,960 What is this? That's what's nice about it. 193 00:11:20,960 --> 00:11:24,200 I think by driving the business towards supporting people 194 00:11:24,200 --> 00:11:27,240 into shared cars... Right, there's a profit-making incentive there, 195 00:11:27,240 --> 00:11:30,040 obviously we're here to make money as a private business. 196 00:11:30,040 --> 00:11:32,080 But as you start to get into different places 197 00:11:32,080 --> 00:11:33,800 and you change how people use vehicles, 198 00:11:33,800 --> 00:11:36,160 then you have all these other effects that you start to open up. 199 00:11:38,680 --> 00:11:41,240 In Silicon Valley, there is no contradiction 200 00:11:41,240 --> 00:11:43,600 between chasing a healthy profit 201 00:11:43,600 --> 00:11:46,520 and claiming to be working for the good of humanity. 202 00:11:48,120 --> 00:11:50,600 But disruption means what it says. 203 00:11:51,640 --> 00:11:55,240 Around the world, traditional taxi drivers have protested 204 00:11:55,240 --> 00:11:57,680 about Uber undercutting their prices. 205 00:11:58,800 --> 00:12:01,760 It's classic Silicon Valley disruption - 206 00:12:01,760 --> 00:12:03,360 destroying old industries 207 00:12:03,360 --> 00:12:06,680 by providing a popular, cheap alternative. 208 00:12:06,680 --> 00:12:10,880 But the social cost of this disruption goes much further. 209 00:12:14,560 --> 00:12:15,840 India. 210 00:12:15,840 --> 00:12:19,600 Home to more than a billion people and Uber's top target 211 00:12:19,600 --> 00:12:20,840 for global growth. 212 00:12:22,120 --> 00:12:24,680 I'm in Hyderabad to see the human consequences 213 00:12:24,680 --> 00:12:27,880 of the disruption cooked up in San Francisco. 214 00:12:31,040 --> 00:12:34,160 Uber is promising a new kind of flexible job, 215 00:12:34,160 --> 00:12:35,880 empowering its drivers. 216 00:12:45,840 --> 00:12:49,080 But the reality has been far less liberating. 217 00:12:52,760 --> 00:12:57,600 Narasimha and Mahendar were attracted by Uber's pitch. 218 00:13:08,200 --> 00:13:10,840 With no profits and under huge pressure 219 00:13:10,840 --> 00:13:12,720 to grow against a strong local rival, 220 00:13:12,720 --> 00:13:16,520 Uber ran adverts on billboards and in the press, 221 00:13:16,520 --> 00:13:20,800 promising drivers up to £1,100 a month, 222 00:13:20,800 --> 00:13:23,800 around four times what these drivers had been earning. 223 00:13:28,560 --> 00:13:31,080 Car ownership is low in India, 224 00:13:31,080 --> 00:13:34,800 especially among those likely to drive for Uber. 225 00:13:34,800 --> 00:13:38,840 So the company helps drivers borrow money to buy new cars. 226 00:13:40,720 --> 00:13:46,960 Narasimha borrowed around £12,500 to buy a Tata Indigo. 227 00:13:46,960 --> 00:13:51,000 Mahendar borrowed around £8,000 to buy a Tata Indica. 228 00:14:04,720 --> 00:14:07,000 As the number of Uber drivers rose, 229 00:14:07,000 --> 00:14:09,520 the number of customers did not keep up, 230 00:14:09,520 --> 00:14:11,560 so earnings fell. 231 00:14:11,560 --> 00:14:15,480 With a ready supply of drivers, the company cut incentives too. 232 00:14:30,280 --> 00:14:34,720 I'm meeting one family whose lives have been utterly changed 233 00:14:34,720 --> 00:14:37,440 after Uber's promise turned to a nightmare. 234 00:14:59,640 --> 00:15:02,800 Mohammed Zaheer worked as a taxi driver. 235 00:15:02,800 --> 00:15:06,760 When Uber opened up, he couldn't wait to join. 236 00:15:06,760 --> 00:15:10,040 Was he excited by this opportunity? 237 00:15:18,400 --> 00:15:23,280 Mohammed borrowed around £8,500 to buy a Tata Indicar. 238 00:15:23,280 --> 00:15:26,560 Soon his earnings fell, like many other drivers. 239 00:15:35,440 --> 00:15:38,360 Were you under pressure from, 240 00:15:38,360 --> 00:15:41,120 from people who lent you money? 241 00:15:52,720 --> 00:15:57,400 In 2015, Mohammed joined other Uber drivers on strike, 242 00:15:57,400 --> 00:15:59,320 angry over falling earnings. 243 00:16:01,040 --> 00:16:03,200 Noorjahan remembers the last time 244 00:16:03,200 --> 00:16:05,280 she spoke to her husband on the phone. 245 00:16:23,600 --> 00:16:26,440 A few hours later, Mohammed was found dead. 246 00:16:43,480 --> 00:16:44,880 Mohammed had hanged himself. 247 00:16:46,560 --> 00:16:49,800 His body was taken to the Uber offices. 248 00:16:49,800 --> 00:16:51,000 The company did not respond. 249 00:16:54,880 --> 00:16:56,680 I mean, after everything that's happened... 250 00:16:58,760 --> 00:17:01,880 ..what do you now think of Uber as a company? 251 00:17:24,360 --> 00:17:28,000 Two other Uber drivers have killed themselves in Hyderabad. 252 00:17:28,000 --> 00:17:32,200 A former Uber executive has agreed to talk to me anonymously. 253 00:17:33,600 --> 00:17:36,920 Do you think you could have been, or should have been, more... 254 00:17:39,000 --> 00:17:44,040 ..open with the drivers about how their salaries or their incentives 255 00:17:44,040 --> 00:17:45,880 might change in the future? 256 00:17:47,080 --> 00:17:50,040 I could have been. I would say, yes. 257 00:17:50,040 --> 00:17:52,480 Obviously, yes. Drivers were misled. 258 00:17:52,480 --> 00:17:54,200 They're totally misled. 259 00:17:54,200 --> 00:17:57,120 That is actually causing all the pain for a lot of people. 260 00:18:04,760 --> 00:18:09,440 The mantra of Silicon Valley is that disruption is always good. 261 00:18:09,440 --> 00:18:13,080 And through smartphones and digital technology, 262 00:18:13,080 --> 00:18:19,160 we can create more efficient, more convenient, faster services. 263 00:18:19,160 --> 00:18:21,240 And everyone wins from that. 264 00:18:21,240 --> 00:18:23,840 But behind that beautifully designed app, 265 00:18:23,840 --> 00:18:25,320 or that slick platform, 266 00:18:25,320 --> 00:18:28,720 there's a quite brutal form of capitalism unfolding, 267 00:18:28,720 --> 00:18:31,760 and it's leaving some of the poorest people in society behind. 268 00:18:35,360 --> 00:18:38,480 In a statement, Uber said their heart goes out to Noorjahan 269 00:18:38,480 --> 00:18:42,360 and her family. Uber supported the authorities' investigation 270 00:18:42,360 --> 00:18:45,520 of this case and will continue to do so if requested. 271 00:18:46,640 --> 00:18:49,680 Uber said drivers are at the heart of what they do 272 00:18:49,680 --> 00:18:52,520 and they're committed to improving their experience. 273 00:18:52,520 --> 00:18:55,840 In India, Uber is listening to them and acting on what they learn. 274 00:19:02,040 --> 00:19:03,880 Back in Silicon Valley, 275 00:19:03,880 --> 00:19:08,080 I'm realising how much energy the tech titans devote to one thing... 276 00:19:09,760 --> 00:19:13,240 ..presenting themselves as the heroes of the people, 277 00:19:13,240 --> 00:19:15,720 taking on all kinds of vested interests. 278 00:19:17,920 --> 00:19:21,560 One of the most remarkable branding tricks of the 21st century 279 00:19:21,560 --> 00:19:24,600 has been the way that Silicon Valley has managed to persuade us 280 00:19:24,600 --> 00:19:27,040 that they're not like other companies. 281 00:19:27,040 --> 00:19:31,920 I mean, when you think about banks or big pharma, oil, 282 00:19:31,920 --> 00:19:35,600 you imagine them as being driven only by profit. 283 00:19:35,600 --> 00:19:39,080 And yet Silicon Valley, we imagine, is different. 284 00:19:39,080 --> 00:19:43,480 They are puffed up with social purpose to improve the world, 285 00:19:43,480 --> 00:19:45,080 that they're the good guys. 286 00:19:48,600 --> 00:19:50,800 Dear stranger, 287 00:19:50,800 --> 00:19:54,040 when I booked this trip, my friend said I was crazy... 288 00:19:54,040 --> 00:19:57,080 The founders of Airbnb, for example, 289 00:19:57,080 --> 00:19:59,360 are connecting the world, 290 00:19:59,360 --> 00:20:02,840 not simply allowing people to advertise holiday lets. 291 00:20:02,840 --> 00:20:05,800 I just wanted to thank you for sharing your world with me. 292 00:20:07,240 --> 00:20:09,440 Airbnb, belong anywhere. 293 00:20:13,440 --> 00:20:17,600 This is Airbnb's global headquarters in San Francisco. 294 00:20:20,200 --> 00:20:22,560 I wonder whether I'll get another dose 295 00:20:22,560 --> 00:20:24,880 of Silicon Valley utopianism here. 296 00:20:28,120 --> 00:20:29,560 We're on our way. 297 00:20:32,200 --> 00:20:33,600 Chris, I'm Jamie. 298 00:20:33,600 --> 00:20:35,080 How are you doing? Nice to meet you. 299 00:20:36,560 --> 00:20:40,520 VOICEOVER: Chris Lehane was once called the master of disaster. 300 00:20:40,520 --> 00:20:44,800 As Bill Clinton's spin doctor, he managed the Monica Lewinsky scandal. 301 00:20:46,680 --> 00:20:49,480 Chris is now Airbnb's head of global policy. 302 00:20:50,920 --> 00:20:53,400 Like all the tech gods of Silicon Valley, 303 00:20:53,400 --> 00:20:58,560 the founders of Airbnb have their own exulted creation myth. 304 00:20:58,560 --> 00:21:01,440 Two of the three founders were living in an apartment 305 00:21:01,440 --> 00:21:03,520 on Rausch Street in San Francisco. 306 00:21:03,520 --> 00:21:07,000 There was actually an art conference that was coming to the city, 307 00:21:07,000 --> 00:21:08,320 so they came up with this idea 308 00:21:08,320 --> 00:21:11,160 that they advertised as air bed and breakfast on a lister 309 00:21:11,160 --> 00:21:12,640 and, after that weekend, 310 00:21:12,640 --> 00:21:15,240 a light bulb went over their head, which is, 311 00:21:15,240 --> 00:21:16,560 maybe there is a business here. 312 00:21:16,560 --> 00:21:19,120 So, hang on, is this a model of their room? 313 00:21:19,120 --> 00:21:21,320 This is a model of one of the rooms 314 00:21:21,320 --> 00:21:23,640 that would have been in the original listing, 315 00:21:23,640 --> 00:21:27,080 and there's actually something called, up on the fourth floor, 316 00:21:27,080 --> 00:21:30,360 which I think is around the corner over here, called the founders' den, 317 00:21:30,360 --> 00:21:33,440 where they actually did their meetings and came up with the idea. 318 00:21:35,040 --> 00:21:41,560 Today, Airbnb is a global giant, valued at around $31 billion, 319 00:21:41,560 --> 00:21:45,160 but it doesn't see itself as big business. 320 00:21:45,160 --> 00:21:49,000 We do like to think of ourselves as a different type of company. 321 00:21:49,000 --> 00:21:52,720 The founders' initial idea was make money off of what is typically 322 00:21:52,720 --> 00:21:54,840 your greatest expense, which is your housing, 323 00:21:54,840 --> 00:21:59,000 to be able to stay in your housing, and that still remains true today. 324 00:21:59,000 --> 00:22:01,760 You know, over half the people who are on the platform 325 00:22:01,760 --> 00:22:05,480 are low to moderate income people, regular people. 326 00:22:05,480 --> 00:22:09,360 They use it to cover basic expenses, including the cost of their housing. 327 00:22:09,360 --> 00:22:13,600 Airbnb believes its online marketplace is empowering people. 328 00:22:14,800 --> 00:22:18,480 Our founders, they came up with a real vision here, 329 00:22:18,480 --> 00:22:20,880 and the vision was to be able to use the platform 330 00:22:20,880 --> 00:22:22,360 to connect people to people. 331 00:22:22,360 --> 00:22:24,480 We like to say, we are of the people, by the people, 332 00:22:24,480 --> 00:22:27,080 for the people, but really they use the platform so that people can 333 00:22:27,080 --> 00:22:28,440 spend time with one another. 334 00:22:28,440 --> 00:22:30,520 You think about what's going on in the world today, 335 00:22:30,520 --> 00:22:32,640 and people are talking about building walls, 336 00:22:32,640 --> 00:22:34,120 closing doors, putting up barriers. 337 00:22:34,120 --> 00:22:36,720 A real question of whether we are going to have an open society 338 00:22:36,720 --> 00:22:38,800 or a closed society, and this is a place 339 00:22:38,800 --> 00:22:40,800 that is really focused on using technology 340 00:22:40,800 --> 00:22:43,040 to help create an open society. 341 00:22:43,040 --> 00:22:46,760 Airbnb claims to be on the side of the little people, 342 00:22:46,760 --> 00:22:49,520 and the only losers from their disruption 343 00:22:49,520 --> 00:22:51,440 are traditional hotel owners. 344 00:22:54,240 --> 00:22:56,960 But that's not how it feels in Barcelona, 345 00:22:56,960 --> 00:23:00,080 where Airbnb has run into a spot of bother. 346 00:23:02,960 --> 00:23:06,400 These people have rented an apartment through the website. 347 00:23:07,640 --> 00:23:13,200 They are not tourists but locals, staging a protest against Airbnb. 348 00:23:14,400 --> 00:23:17,160 They are angry rents in the city are going up 349 00:23:17,160 --> 00:23:20,640 as landlords cater more and more to tourists. 350 00:23:20,640 --> 00:23:24,760 They are increasing the prices of the normal rents in Barcelona. 351 00:23:38,320 --> 00:23:40,960 The local government is trying to control 352 00:23:40,960 --> 00:23:44,000 the growth of tourist accommodation in the city. 353 00:23:44,000 --> 00:23:47,400 All short-term rental properties must be licensed. 354 00:23:47,400 --> 00:23:48,840 This flat isn't. 355 00:23:51,720 --> 00:23:54,560 The group prepare a statement they will read from the balcony. 356 00:24:06,400 --> 00:24:09,720 Before long, the agent managing the property arrives. 357 00:24:43,760 --> 00:24:48,720 It turns out the agent is managing 13 properties in Barcelona, 358 00:24:48,720 --> 00:24:50,120 all advertised on Airbnb. 359 00:25:07,120 --> 00:25:11,560 It's not just Barcelona that has seen protests like this. 360 00:25:11,560 --> 00:25:15,840 Residents of other cities around the world have also raised fears Airbnb 361 00:25:15,840 --> 00:25:18,840 is driving up rents and pushing locals out. 362 00:25:30,240 --> 00:25:34,040 Airbnb has now banned this property agent from the platform 363 00:25:34,040 --> 00:25:35,680 for breaking their rules. 364 00:25:40,600 --> 00:25:43,680 These were local protesters that were in the streets, 365 00:25:43,680 --> 00:25:46,920 unhappy with the way Airbnb was working with the authority, 366 00:25:46,920 --> 00:25:49,960 and the effects that was having in Barcelona. 367 00:25:49,960 --> 00:25:52,840 It wasn't large corporations. It was ordinary citizens in the city. 368 00:25:52,840 --> 00:25:54,200 But that makes the point. 369 00:25:54,200 --> 00:25:56,360 There isn't a regulatory structure in Barcelona. 370 00:25:56,360 --> 00:25:59,120 The government, up until recently, 371 00:25:59,120 --> 00:26:02,000 has resisted actually getting involved, sitting down like we're 372 00:26:02,000 --> 00:26:03,160 sitting down right now, 373 00:26:03,160 --> 00:26:06,000 and actually coming up with a regulatory structure that can work. 374 00:26:06,000 --> 00:26:08,840 In a number of other cities, people have sat down 375 00:26:08,840 --> 00:26:11,520 and we've figured it out, and it's really working well. 376 00:26:11,520 --> 00:26:13,680 So, at the end of the day, 377 00:26:13,680 --> 00:26:17,160 to address something that is a new thing that has come along, 378 00:26:17,160 --> 00:26:20,280 you actually have to have both sides sit down and figure it out 379 00:26:20,280 --> 00:26:21,800 and work it through. 380 00:26:24,880 --> 00:26:27,760 It's a classic argument from the disruptors. 381 00:26:27,760 --> 00:26:31,520 Regulators, governments, elected politicians, 382 00:26:31,520 --> 00:26:33,200 they all have to catch up, 383 00:26:33,200 --> 00:26:36,600 change their policies to take account of the new reality. 384 00:26:40,760 --> 00:26:44,480 In fact, Silicon Valley seems to have a pretty dim view 385 00:26:44,480 --> 00:26:46,760 of governments in general. 386 00:26:46,760 --> 00:26:49,840 That is most evident when it comes to tax. 387 00:26:49,840 --> 00:26:51,640 David. Hey. Wonderful to meet you. 388 00:26:51,640 --> 00:26:53,480 How are you doing? Doing well. 389 00:26:53,480 --> 00:26:55,360 I'm here to see Larry. 390 00:26:55,360 --> 00:26:57,600 Yeah, we're going to take you right over there. 391 00:26:57,600 --> 00:27:00,840 You can get an idea of Silicon Valley's attitude to tax 392 00:27:00,840 --> 00:27:04,480 by looking at how the companies behave in their own back yard. 393 00:27:05,680 --> 00:27:08,080 Larry. Jamie, how are you doing? 394 00:27:08,080 --> 00:27:10,160 Glad to see you. What a beautiful office. 395 00:27:10,160 --> 00:27:11,480 Glad you're here. 396 00:27:13,640 --> 00:27:18,080 Larry Stone is the assessor for Santa Clara County, 397 00:27:18,080 --> 00:27:22,160 a friend of presidents and would-be presidents. 398 00:27:22,160 --> 00:27:26,200 Within a five-mile radius of where we're standing... 399 00:27:27,440 --> 00:27:32,080 ..almost all the major corporations in Silicon Valley - 400 00:27:32,080 --> 00:27:36,360 Google, Apple, Facebook's about five miles away. 401 00:27:36,360 --> 00:27:40,680 Companies here pay local property tax at a rate of 1% 402 00:27:40,680 --> 00:27:44,480 of the value of all their buildings and equipment. 403 00:27:44,480 --> 00:27:46,960 It's the job of Larry and his team 404 00:27:46,960 --> 00:27:49,800 to work out the value of this property. 405 00:27:49,800 --> 00:27:54,880 I'm interested in whether those tech firms tend to disagree 406 00:27:54,880 --> 00:27:56,840 with what you're saying they owe in tax. 407 00:27:56,840 --> 00:27:58,160 Many of them do, yes. 408 00:27:58,160 --> 00:28:02,960 I mean, we have about $70 billion 409 00:28:02,960 --> 00:28:07,200 of what we call value at risk. 410 00:28:07,200 --> 00:28:09,240 Sorry, $70 billion? 411 00:28:09,240 --> 00:28:10,480 Of assessed value at risk. 412 00:28:10,480 --> 00:28:13,080 What, that's being appealed or disputed by those companies? 413 00:28:13,080 --> 00:28:15,120 Correct. Correct. 414 00:28:15,120 --> 00:28:18,920 And about 80% of that are major corporations - 415 00:28:18,920 --> 00:28:20,360 Apple, Google. 416 00:28:25,880 --> 00:28:27,560 Larry wants to show me the subject 417 00:28:27,560 --> 00:28:31,040 of one of his biggest battles over tax. 418 00:28:31,040 --> 00:28:32,640 Apple. 419 00:28:32,640 --> 00:28:34,880 When completed, their new headquarters 420 00:28:34,880 --> 00:28:38,480 will be the most impressive in Silicon Valley. 421 00:28:38,480 --> 00:28:39,720 Quite the place, huh? 422 00:28:44,200 --> 00:28:46,680 But why? Isn't this just a public street? 423 00:28:49,440 --> 00:28:51,200 Why are they so secretive? 424 00:28:51,200 --> 00:28:53,760 That's the mind-set, 425 00:28:53,760 --> 00:28:57,400 the culture of the company is secrecy. 426 00:28:57,400 --> 00:28:58,400 And always has been. 427 00:29:00,280 --> 00:29:02,760 VOICEOVER: The constant hum of mild paranoia 428 00:29:02,760 --> 00:29:05,000 is never far away in Silicon Valley. 429 00:29:06,960 --> 00:29:07,960 But we can... 430 00:29:09,600 --> 00:29:12,200 These folks are from the BBC. 431 00:29:14,160 --> 00:29:15,960 No, he's filming me, I think. 432 00:29:15,960 --> 00:29:16,880 OK. 433 00:29:19,360 --> 00:29:21,520 Yeah. Well, we're just standing in the street. 434 00:29:25,400 --> 00:29:28,280 With a mile-long circumference, 435 00:29:28,280 --> 00:29:31,560 Apple Park will be a modern-day Colosseum. 436 00:29:31,560 --> 00:29:34,600 Its centre will be a park for Apple staff. 437 00:29:34,600 --> 00:29:38,640 It's expected to cost more than $5 billion. 438 00:29:38,640 --> 00:29:40,440 Look at this, the scale of it. 439 00:29:40,440 --> 00:29:42,840 Yeah. It's for show as well. 440 00:29:42,840 --> 00:29:44,880 It's like sort of... 441 00:29:44,880 --> 00:29:49,000 It's like emperors building a new temple to themselves, you know. 442 00:29:50,240 --> 00:29:51,960 It's sort of vanity. 443 00:29:51,960 --> 00:29:54,520 It's unbelievable. It's a vanity project. 444 00:29:54,520 --> 00:29:58,720 If Steve Jobs was here right now, he would love to hear you say that. 445 00:29:58,720 --> 00:30:01,160 Steve, it's working! 446 00:30:01,160 --> 00:30:03,120 THEY LAUGH 447 00:30:03,120 --> 00:30:07,840 Last year, Apple paid nearly $34 million in local property tax, 448 00:30:07,840 --> 00:30:10,520 the second largest amount in Santa Clara County. 449 00:30:12,360 --> 00:30:16,240 But it is disputing the largest amount of value, 450 00:30:16,240 --> 00:30:19,880 covering 2010 to 2015. 451 00:30:19,880 --> 00:30:25,160 We have $6.8 billion worth of assessment appeals. 452 00:30:25,160 --> 00:30:27,320 So you said it's worth £6.8 billion. 453 00:30:27,320 --> 00:30:32,200 Yeah. They say it's worth 57 million. 454 00:30:32,200 --> 00:30:34,920 OK. That's... So they're essentially... 455 00:30:34,920 --> 00:30:37,560 That's a big... That's a pretty big... 456 00:30:37,560 --> 00:30:41,040 They are disputing 99% of their value. 457 00:30:41,040 --> 00:30:46,480 How do you...? How can it be possible that you say, 458 00:30:46,480 --> 00:30:51,120 this stuff you own is worth nearly $7 billion, and they say, 459 00:30:51,120 --> 00:30:52,600 no, it's only worth 50 million? 460 00:30:53,960 --> 00:30:57,080 How is that possible? Well, because that's what they file. 461 00:30:57,080 --> 00:31:01,800 Now, obviously, it's not worth $57 million. 462 00:31:01,800 --> 00:31:04,160 So how are they coming up with this number? 463 00:31:06,240 --> 00:31:08,680 Pulling it out of some part of their anatomy, 464 00:31:08,680 --> 00:31:12,120 but I don't know if it's the top of their head or is it something else. 465 00:31:13,520 --> 00:31:16,360 If Apple's appeal succeeds in full, 466 00:31:16,360 --> 00:31:21,600 $68 million of tax would be slashed to just over $0.5 million. 467 00:31:24,160 --> 00:31:27,800 Apple isn't the only tech titan filing local property tax appeals. 468 00:31:29,560 --> 00:31:33,400 The company has funded over $70 million of local improvements. 469 00:31:34,760 --> 00:31:38,720 VOICEOVER: But I wondered what Larry thought all this means for society. 470 00:31:38,720 --> 00:31:42,840 After all, this local tax pays for schools and other services. 471 00:31:44,120 --> 00:31:48,040 In the '50s, '60s and '70s, Detroit was the envy of the world. 472 00:31:48,040 --> 00:31:50,120 Today, Detroit is in bankruptcy. 473 00:31:50,120 --> 00:31:54,040 We could go the same way if we don't solve our public education 474 00:31:54,040 --> 00:31:57,320 and if we don't resolve our commitment to the community 475 00:31:57,320 --> 00:32:00,520 as a people, as citizens and corporations. 476 00:32:02,720 --> 00:32:05,720 Around the world, tech giants have been accused 477 00:32:05,720 --> 00:32:08,360 of aggressively minimising their tax bills. 478 00:32:09,760 --> 00:32:14,640 The EU is demanding Apple pay up to £11 billion of tax 479 00:32:14,640 --> 00:32:17,520 it says is owed to Ireland. 480 00:32:17,520 --> 00:32:19,960 But how they deal locally with these issues, 481 00:32:19,960 --> 00:32:22,760 how they deal locally with their local taxman, 482 00:32:22,760 --> 00:32:25,760 says something about the culture of these places, 483 00:32:25,760 --> 00:32:31,120 the general approach of always trying to minimise the tax they pay 484 00:32:31,120 --> 00:32:34,040 or trying to work around governments. 485 00:32:34,040 --> 00:32:36,600 It makes a lot more sense 486 00:32:36,600 --> 00:32:39,800 when you come here and you see how a company like Apple behaves 487 00:32:39,800 --> 00:32:41,640 in its own back yard. 488 00:32:51,640 --> 00:32:55,040 Of course, there's nothing new about technological disruption. 489 00:32:56,680 --> 00:32:58,720 Steam power, electricity, 490 00:32:58,720 --> 00:33:01,880 production lines destroyed the industries that existed 491 00:33:01,880 --> 00:33:04,760 before them and forced governments to change. 492 00:33:05,920 --> 00:33:08,880 The world survived, life got better. 493 00:33:08,880 --> 00:33:12,920 The question now is whether the Silicon Valley revolution 494 00:33:12,920 --> 00:33:15,000 is going to be different. 495 00:33:15,000 --> 00:33:19,440 The big secret in Silicon Valley is that the next wave of disruption 496 00:33:19,440 --> 00:33:21,640 is not going to be like the last, 497 00:33:21,640 --> 00:33:26,360 because it could tear apart the way capitalism works. 498 00:33:26,360 --> 00:33:28,760 And, as a result, the way we live our lives 499 00:33:28,760 --> 00:33:30,360 could be utterly transformed. 500 00:33:40,160 --> 00:33:42,760 Early morning on the edge of Orlando, Florida. 501 00:33:45,000 --> 00:33:47,880 I'm heading into the coming world. 502 00:33:50,200 --> 00:33:55,000 I'm on my way to do some disrupting with a group of people 503 00:33:55,000 --> 00:33:58,680 who want to change an entire industry, 504 00:33:58,680 --> 00:34:02,040 and they might end up changing the whole global economy 505 00:34:02,040 --> 00:34:03,080 and how it works. 506 00:34:08,760 --> 00:34:12,000 Our mission begins in the car park of a home improvement store. 507 00:34:14,360 --> 00:34:18,200 It's not the most obvious place to start a revolution, 508 00:34:18,200 --> 00:34:21,560 but this one has a certain do-it-yourself quality. 509 00:34:24,040 --> 00:34:25,880 It's absolutely huge. 510 00:34:29,680 --> 00:34:32,040 I've never been in a truck before. 511 00:34:32,040 --> 00:34:33,720 Oh, wow, this is it. 512 00:34:33,720 --> 00:34:35,240 Yeah. 513 00:34:35,240 --> 00:34:37,920 VOICEOVER: Meet Stefan Seltz-Axmacher, 514 00:34:37,920 --> 00:34:40,760 a 27-year-old who's raised $5 million 515 00:34:40,760 --> 00:34:43,480 with his plan to change the future. 516 00:34:46,360 --> 00:34:49,200 Tony Hughes is key to Stefan's plan. 517 00:34:50,440 --> 00:34:51,440 What is this? 518 00:34:54,040 --> 00:34:55,920 And we've got to get this over to... 519 00:34:57,320 --> 00:34:58,640 Which is... How far is that? 520 00:35:00,320 --> 00:35:03,600 All right, so we've got... How long have we got in the truck? 521 00:35:03,600 --> 00:35:05,960 Well, then, let's do it. All aboard. 522 00:35:07,520 --> 00:35:09,200 All right. 523 00:35:09,200 --> 00:35:10,120 Let's go. 524 00:35:15,640 --> 00:35:19,440 More than three million trucks carry freight on America's highways. 525 00:35:22,320 --> 00:35:24,560 This truck isn't like the others. 526 00:35:34,280 --> 00:35:35,640 Tony, is the system good? 527 00:35:36,760 --> 00:35:38,320 Car check, is the system good? 528 00:35:39,760 --> 00:35:41,840 OK. Rosebud on, Rosebud on. 529 00:35:45,600 --> 00:35:48,960 So you're not touching the wheel. I can see the other wheel's moving. 530 00:35:50,640 --> 00:35:52,160 My God! 531 00:35:54,080 --> 00:35:55,440 It's quite scary. 532 00:35:57,040 --> 00:35:58,480 It's just driving itself, man. 533 00:36:00,320 --> 00:36:04,120 Stefan and his team have made this truck drive itself 534 00:36:04,120 --> 00:36:05,600 by adding a computer 535 00:36:05,600 --> 00:36:08,040 that controls the pedals and steering wheel. 536 00:36:09,600 --> 00:36:13,760 They're hoping, by adapting the huge existing truck fleet, 537 00:36:13,760 --> 00:36:18,000 they can beat bigger rival companies racing to build expensive 538 00:36:18,000 --> 00:36:21,040 self-driving trucks from scratch. 539 00:36:21,040 --> 00:36:23,640 You see, every time it veers a little bit, my heart goes. 540 00:36:23,640 --> 00:36:25,520 I'm thinking, "Oh, God, it's lost control." 541 00:36:25,520 --> 00:36:28,320 And then it kind of comes back in again. 542 00:36:30,240 --> 00:36:32,280 Like, your heart beats just a little bit quicker, 543 00:36:32,280 --> 00:36:33,440 because you're thinking, 544 00:36:33,440 --> 00:36:36,680 "Oh, my God, we've got suddenly this huge vehicle that we're all in is 545 00:36:36,680 --> 00:36:41,120 "being controlled not by the driver but by the computer." 546 00:36:46,400 --> 00:36:48,400 VOICEOVER: I can't help wondering. 547 00:36:48,400 --> 00:36:50,600 Trucking is one of the best-paid jobs 548 00:36:50,600 --> 00:36:53,520 open to people without a degree, but for how long? 549 00:36:55,160 --> 00:37:00,120 Among America's 3.5 million truck drivers, Tony is a rarity. 550 00:37:01,720 --> 00:37:04,160 What do they say when you tell them what you're doing? 551 00:37:05,960 --> 00:37:07,800 They call me a traitor because they say, 552 00:37:07,800 --> 00:37:09,560 "You're taking our jobs away from us." 553 00:37:09,560 --> 00:37:11,800 They call you a traitor? Yeah. 554 00:37:11,800 --> 00:37:14,280 How does that make you feel? 555 00:37:14,280 --> 00:37:17,800 As long as I'm satisfied with the job that I'm doing out here 556 00:37:17,800 --> 00:37:19,920 and making lives better for other drivers, 557 00:37:19,920 --> 00:37:21,600 they can say whatever they want. 558 00:37:21,600 --> 00:37:24,200 And this will make a difference in drivers' lives. 559 00:37:25,640 --> 00:37:30,280 Stefan's vision of self-driving trucks still requires drivers. 560 00:37:35,960 --> 00:37:40,920 They'd be needed to remotely pilot the trucks through busy depots or 561 00:37:40,920 --> 00:37:44,080 congested cities, on and off the motorway. 562 00:37:48,040 --> 00:37:50,040 How does it compare now, do you think, 563 00:37:50,040 --> 00:37:53,280 to if Tony is driving without the...? 564 00:37:53,280 --> 00:37:55,480 Well, the system still isn't as good as Tony. 565 00:37:57,520 --> 00:38:00,600 The goal is that it will be better 566 00:38:00,600 --> 00:38:02,920 than an above average or good driver 567 00:38:02,920 --> 00:38:05,440 in the next couple of months. Next couple of months! 568 00:38:05,440 --> 00:38:08,840 That's what we think. That's the speed at which it's improving. 569 00:38:08,840 --> 00:38:10,960 Because we're focusing on this particular domain. 570 00:38:10,960 --> 00:38:15,840 It's way easier, it's a way simpler to drive autonomously on the highway 571 00:38:15,840 --> 00:38:18,160 than to drive autonomously in a neighbourhood. 572 00:38:19,480 --> 00:38:21,440 There are way fewer variables that happen. 573 00:38:22,800 --> 00:38:26,160 There's no shortage of ambition in this cab. 574 00:38:26,160 --> 00:38:29,640 Our plan is to start to take people out of the vehicle on limited routes 575 00:38:29,640 --> 00:38:31,840 by the end of the year. By the end of the year. Yeah. 576 00:38:33,400 --> 00:38:35,280 But there are some teething problems. 577 00:38:49,520 --> 00:38:52,600 We've got a team of engineers that are kind of driving with us, 578 00:38:52,600 --> 00:38:54,800 so we've stopped off in a lay-by, they've jumped out, 579 00:38:54,800 --> 00:38:57,680 they're checking the pedals, making sure everything is working. 580 00:38:57,680 --> 00:38:59,760 That's exactly what Silicon Valley's about. 581 00:38:59,760 --> 00:39:02,480 Once you are out there doing it and you're dealing with real-life 582 00:39:02,480 --> 00:39:05,000 problems, things going slightly wrong and fixing them up... 583 00:39:06,600 --> 00:39:09,600 ..you can then demonstrate to the world 584 00:39:09,600 --> 00:39:11,280 that we have made this thing work. 585 00:39:11,280 --> 00:39:13,680 We're not going to wait around for all the regulations. 586 00:39:13,680 --> 00:39:16,360 And then, almost 587 00:39:16,360 --> 00:39:19,600 by virtue of demonstrating its power, 588 00:39:19,600 --> 00:39:21,800 it forces the world to change around it. 589 00:39:23,120 --> 00:39:24,880 And I think that's what happens 590 00:39:24,880 --> 00:39:27,880 when you take this kind of disruption philosophy, 591 00:39:27,880 --> 00:39:30,880 this idea of Silicon Valley, getting out there, 592 00:39:30,880 --> 00:39:34,960 changing things and then making the world catch up with them. 593 00:39:34,960 --> 00:39:36,840 That's why they've conquered the world. 594 00:39:46,040 --> 00:39:49,840 We have arrived. We've made a delivery in an autonomous vehicle. 595 00:39:54,040 --> 00:39:57,360 Rosebud drove the truck for more than 100 miles today. 596 00:40:00,040 --> 00:40:04,280 Spending time with Stefan is a chance to find out if Silicon Valley 597 00:40:04,280 --> 00:40:07,840 worries about the possible downsides of automation. 598 00:40:09,360 --> 00:40:13,360 What if it just becomes so efficient, 599 00:40:13,360 --> 00:40:15,520 that we don't need drivers any more at all? 600 00:40:16,800 --> 00:40:18,920 Yeah. That's a thing that could happen, 601 00:40:18,920 --> 00:40:21,360 but we'll definitely find other things to do for work. 602 00:40:21,360 --> 00:40:25,000 In the 1920s, Keynes thought that by now we'd work a four-hour work week. 603 00:40:25,000 --> 00:40:27,040 We found a lot of other things to do. 604 00:40:27,040 --> 00:40:30,120 Social media managers, not a job in the 1920s. 605 00:40:30,120 --> 00:40:33,400 I think that we will inevitably find more things 606 00:40:33,400 --> 00:40:35,360 that we need to do as jobs. 607 00:40:35,360 --> 00:40:38,200 I just, I can't believe how optimistic you are. 608 00:40:38,200 --> 00:40:42,680 Yeah. I mean, it's great, obviously, but does a little bit of you think, 609 00:40:42,680 --> 00:40:46,360 "Well, what if, what if there aren't jobs for people? 610 00:40:46,360 --> 00:40:50,000 "What if this time's different and we can't create the jobs?" 611 00:40:50,000 --> 00:40:52,440 You can see the possibility of negative outcomes from AI, 612 00:40:52,440 --> 00:40:54,840 like it would be foolish to say that there was no possibility 613 00:40:54,840 --> 00:40:57,120 that it could go badly. 614 00:40:57,120 --> 00:41:00,200 But look at what we, as a species, have overcome. 615 00:41:00,200 --> 00:41:04,320 You know, whether it's the black plague, whether it's slavery, 616 00:41:04,320 --> 00:41:08,880 Cold War with the threat of dead-hand nuclear orders, I mean, 617 00:41:08,880 --> 00:41:10,160 we've come by so far. 618 00:41:13,240 --> 00:41:17,480 But history may be no guide to the consequences 619 00:41:17,480 --> 00:41:19,200 of the next wave of disruption. 620 00:41:21,200 --> 00:41:23,920 What's different about this industrial revolution 621 00:41:23,920 --> 00:41:27,880 is that Silicon Valley's using data and software 622 00:41:27,880 --> 00:41:31,800 so machines can learn how to do things better than humans. 623 00:41:33,520 --> 00:41:35,840 So how far is this going to go? 624 00:41:37,560 --> 00:41:40,200 I'm meeting a pioneer of another technology 625 00:41:40,200 --> 00:41:43,800 that will change capitalism as we know it - 626 00:41:43,800 --> 00:41:45,000 artificial intelligence. 627 00:41:48,240 --> 00:41:50,200 What is this? One Wheel. 628 00:41:51,720 --> 00:41:52,720 Well named, huh? 629 00:41:53,920 --> 00:41:56,280 In the world Jeremy Howard is building, 630 00:41:56,280 --> 00:41:59,000 it won't just be truck drivers or manual workers 631 00:41:59,000 --> 00:42:00,480 who stand to be replaced. 632 00:42:01,800 --> 00:42:04,800 Everyone's job will be precarious. 633 00:42:04,800 --> 00:42:08,000 You've got to have a go. If you lean forwards, there we go. 634 00:42:08,000 --> 00:42:10,040 If you lean forwards it goes forwards... 635 00:42:10,040 --> 00:42:11,840 Oh, yeah. And lean backwards to go backwards. 636 00:42:11,840 --> 00:42:13,640 And then take your front foot off to stop. 637 00:42:13,640 --> 00:42:15,520 How are you so good at this? 638 00:42:15,520 --> 00:42:18,320 How do I stop? Yeah, just lean back and then front foot off. 639 00:42:20,360 --> 00:42:22,160 Yeah. 640 00:42:22,160 --> 00:42:23,400 That was awesome! 641 00:42:23,400 --> 00:42:25,440 Guess where we get started. 642 00:42:26,480 --> 00:42:29,560 Go through to the garage. 643 00:42:29,560 --> 00:42:34,800 There's a clue here to how Jeremy is developing artificial intelligence, 644 00:42:34,800 --> 00:42:38,000 machines that can learn like we can. 645 00:42:38,000 --> 00:42:39,240 Why do I have Chinese books? 646 00:42:39,240 --> 00:42:41,720 Well, not because I wanted to learn Chinese, 647 00:42:41,720 --> 00:42:44,200 but because I wanted to learn how the mind works, 648 00:42:44,200 --> 00:42:47,880 and the best way to learn how the mind works was to try and learn 649 00:42:47,880 --> 00:42:51,240 something difficult. Did you learn Chinese to learn how the mind works? 650 00:42:51,240 --> 00:42:54,160 Right, which I then used that in order to figure out how to implement 651 00:42:54,160 --> 00:42:55,680 that in machine learning. 652 00:42:57,760 --> 00:43:01,800 Artificial intelligence is at the heart of the start-up Jeremy 653 00:43:01,800 --> 00:43:05,440 founded to help combat the shortage of doctors and radiologists 654 00:43:05,440 --> 00:43:07,120 in the developing world. 655 00:43:07,120 --> 00:43:09,320 It turns out that figuring out what's wrong with you 656 00:43:09,320 --> 00:43:12,440 and how to make you better is just a data problem. 657 00:43:12,440 --> 00:43:14,880 So I was like, all right, I know how to do data problems. 658 00:43:14,880 --> 00:43:17,840 I don't know anything about medicine, but I know data problems. 659 00:43:19,160 --> 00:43:21,840 Jeremy uses deep learning software 660 00:43:21,840 --> 00:43:24,800 to diagnose cancer from medical images. 661 00:43:24,800 --> 00:43:29,600 The software learns from examples to identify patterns, like we do. 662 00:43:29,600 --> 00:43:33,680 It spots problems by inferring from what it has learned, 663 00:43:33,680 --> 00:43:36,160 becoming ever more accurate. 664 00:43:36,160 --> 00:43:39,960 The software that I built takes about 0.02 seconds 665 00:43:39,960 --> 00:43:41,400 to look at a CT scan. 666 00:43:41,400 --> 00:43:42,840 So it can look at a million... 667 00:43:42,840 --> 00:43:44,880 A human takes, to look at it properly? 668 00:43:44,880 --> 00:43:46,240 10-15 minutes. 669 00:43:46,240 --> 00:43:51,320 So we can look at a million CT scans like that, and now, 670 00:43:51,320 --> 00:43:55,640 and because we're using these neural networks, deep learning, to do it, 671 00:43:55,640 --> 00:43:57,840 it can literally develop an intuition, 672 00:43:57,840 --> 00:44:00,160 the same kind of intuition that a radiologist has. 673 00:44:00,160 --> 00:44:02,160 Within two months, we had something that beat 674 00:44:02,160 --> 00:44:05,440 the world's best radiologist to diagnose lung cancer. 675 00:44:05,440 --> 00:44:08,440 Beat the world's best? Yeah, beat a panel of the world's best. 676 00:44:08,440 --> 00:44:11,480 VOICEOVER: Here, the march of the machines feels unstoppable. 677 00:44:12,720 --> 00:44:14,760 So this is going to get bigger, isn't it? 678 00:44:14,760 --> 00:44:17,600 Because deep learning, once it's out and once it's doing this, 679 00:44:17,600 --> 00:44:19,800 it's not going to stop at medical staff? 680 00:44:19,800 --> 00:44:23,280 I feel very similarly to how I felt in the late '80s when I saw 681 00:44:23,280 --> 00:44:26,680 the internet for the first time, and I started looking into it, 682 00:44:26,680 --> 00:44:28,200 and I started telling people, 683 00:44:28,200 --> 00:44:30,800 "I think the internet's going to be used for all things." 684 00:44:30,800 --> 00:44:35,240 When I look at deep learning, I see that...tenfold. 685 00:44:40,120 --> 00:44:44,760 Jeremy is using technology to make his own work more efficient. 686 00:44:46,840 --> 00:44:50,480 It turned out that at 0.8 miles per hour, 687 00:44:50,480 --> 00:44:53,520 I could study for twice as long, 688 00:44:53,520 --> 00:44:58,600 have half the errors and be twice as fast than no treadmill. 689 00:45:00,240 --> 00:45:04,480 The next wave of technology could make work more efficient, 690 00:45:04,480 --> 00:45:06,720 by removing us humans altogether. 691 00:45:08,160 --> 00:45:11,640 People aren't scared enough, you know? 692 00:45:11,640 --> 00:45:15,880 Far too many people are sounding like, smart people, 693 00:45:15,880 --> 00:45:17,920 are sounding like climate change denialists. 694 00:45:17,920 --> 00:45:22,280 They're saying, "Don't worry about it, there'll always be more jobs." 695 00:45:22,280 --> 00:45:25,440 And it's founded on this purely historical thing of like, 696 00:45:25,440 --> 00:45:27,280 "Oh, there's been a revolution before. 697 00:45:27,280 --> 00:45:29,120 "It was called the Industrial Revolution, 698 00:45:29,120 --> 00:45:31,920 "and after it there was still enough jobs. 699 00:45:31,920 --> 00:45:35,360 "Therefore, this new, totally different, 700 00:45:35,360 --> 00:45:38,280 "totally unrelated revolution will also have enough jobs." 701 00:45:40,480 --> 00:45:44,240 It's a ludicrously short-sighted and meaningless argument, 702 00:45:44,240 --> 00:45:46,440 which incredibly smart people are making. 703 00:45:52,320 --> 00:45:57,800 The totally utopian and dystopian futures are like very clearly 704 00:45:57,800 --> 00:46:01,920 in front of us. And very clearly we could head down to either. 705 00:46:01,920 --> 00:46:04,960 Honestly, the status quo - 706 00:46:04,960 --> 00:46:09,000 do nothing and we end up there - will definitely be a dystopia, 707 00:46:09,000 --> 00:46:14,200 which is a tiny class of society owns all of the capital 708 00:46:14,200 --> 00:46:18,840 and all of the data and everybody else has no economic value, 709 00:46:18,840 --> 00:46:23,400 is despised by the class that has things because they're worthless, 710 00:46:23,400 --> 00:46:25,760 and massive social unrest. 711 00:46:32,640 --> 00:46:33,880 It's the first time, I think... 712 00:46:35,640 --> 00:46:38,560 ..I've felt party to this secret, 713 00:46:38,560 --> 00:46:41,760 that other people here seem to know and seem to talk about, 714 00:46:41,760 --> 00:46:44,040 whisper about, 715 00:46:44,040 --> 00:46:46,880 but they sort of cover it up and don't really want to say what it's 716 00:46:46,880 --> 00:46:50,360 going to be. He was very, very plain about what's happening. 717 00:46:50,360 --> 00:46:52,880 This technology's exponentially improving, 718 00:46:52,880 --> 00:46:55,680 it's going to change everything and we ought to be 719 00:46:55,680 --> 00:46:57,280 pretty afraid about that. 720 00:46:57,280 --> 00:46:59,880 And to actually hear that... 721 00:47:01,040 --> 00:47:03,040 ..by someone that knows about this stuff... 722 00:47:04,520 --> 00:47:06,000 ..is pretty revelatory. 723 00:47:10,240 --> 00:47:14,320 I want to know how far those at the top of Silicon Valley 724 00:47:14,320 --> 00:47:17,000 are really thinking about how automation 725 00:47:17,000 --> 00:47:18,480 will change all our lives. 726 00:47:21,920 --> 00:47:27,000 Finally, I've arranged to meet one of the tech gods themselves, 727 00:47:27,000 --> 00:47:30,480 a man who wields huge power here behind the scenes. 728 00:47:32,040 --> 00:47:33,440 Sam Altman is considered, 729 00:47:33,440 --> 00:47:36,000 I think more than anybody else in Silicon Valley, 730 00:47:36,000 --> 00:47:38,280 to be able to predict the future. 731 00:47:38,280 --> 00:47:40,520 He's like a kingmaker in Silicon Valley. 732 00:47:40,520 --> 00:47:44,720 He gets to choose what the big companies of tomorrow will be. 733 00:47:44,720 --> 00:47:48,480 Having him support your tech start-up, 734 00:47:48,480 --> 00:47:52,080 is considered to be one of the greatest badges of honour 735 00:47:52,080 --> 00:47:54,120 that you can get in Silicon Valley. 736 00:47:55,920 --> 00:47:59,120 Sam runs this place - Y Combinator. 737 00:47:59,120 --> 00:48:02,360 A company that nurtures start-ups with money and advice. 738 00:48:03,600 --> 00:48:05,800 Better not park in Sam Altman's place. 739 00:48:05,800 --> 00:48:09,160 Its companies are now valued at $80 billion, 740 00:48:09,160 --> 00:48:12,960 including its biggest success, Airbnb. 741 00:48:12,960 --> 00:48:15,120 Hi. Nicole? I'm Nicole. 742 00:48:15,120 --> 00:48:17,040 Hi, I'm Jamie. Nice to meet you. 743 00:48:17,040 --> 00:48:18,720 How are you doing? Nice to meet you. 744 00:48:18,720 --> 00:48:20,720 Thanks for having us. So great to be here. 745 00:48:20,720 --> 00:48:23,240 VOICEOVER: Sam's time is carefully allotted. 746 00:48:24,840 --> 00:48:26,640 I just kind of wanted to go over the flow, 747 00:48:26,640 --> 00:48:29,440 because Sam only has 35 minutes to meet with you today. 748 00:48:29,440 --> 00:48:30,840 Is he very busy? Yeah. 749 00:48:30,840 --> 00:48:33,320 So we can walk in and I can introduce you to everybody, 750 00:48:33,320 --> 00:48:37,440 and then you can interview Sam on the couch for 35 minutes. 751 00:48:37,440 --> 00:48:38,440 OK. 752 00:48:42,040 --> 00:48:43,640 She's just setting up now. 753 00:48:48,720 --> 00:48:49,960 Yeah? 754 00:48:56,080 --> 00:48:59,000 Welcome to Y Combinator. Thank you for having us. 755 00:49:00,760 --> 00:49:02,760 Sam, I'm Jamie. Very nice to meet you. 756 00:49:02,760 --> 00:49:03,760 Nice to meet you. 757 00:49:06,480 --> 00:49:09,840 Sam Altman co-founded his first business when he was 19. 758 00:49:11,320 --> 00:49:13,240 After dropping out of university, 759 00:49:13,240 --> 00:49:16,280 he sold it for more than $40 million. 760 00:49:16,280 --> 00:49:18,200 He's now 32. 761 00:49:18,200 --> 00:49:19,640 You're considered, I think, 762 00:49:19,640 --> 00:49:21,720 in Silicon Valley as one of the people 763 00:49:21,720 --> 00:49:24,600 that sees the future better than most. 764 00:49:24,600 --> 00:49:26,720 So, what are you seeing? 765 00:49:29,120 --> 00:49:32,080 A friend of mine says the best way to predict the future 766 00:49:32,080 --> 00:49:33,640 is to invent it. 767 00:49:33,640 --> 00:49:36,040 And that is a thought that has always stuck with me. 768 00:49:38,160 --> 00:49:41,600 Sam is thinking hard about what the future could be like 769 00:49:41,600 --> 00:49:45,000 after automation takes away the jobs of millions of us. 770 00:49:46,760 --> 00:49:49,320 We're going to need to have new redistribution, 771 00:49:49,320 --> 00:49:51,520 we're going to need to have new social safety nets. 772 00:49:51,520 --> 00:49:53,160 One thing, one product that I'm funding 773 00:49:53,160 --> 00:49:54,560 that we're doing at Y Combinator 774 00:49:54,560 --> 00:49:56,520 is to study basic income, 775 00:49:56,520 --> 00:50:01,040 and what happens if you just give people money to live on. 776 00:50:01,040 --> 00:50:03,400 Because we have this world, we have huge wealth, 777 00:50:03,400 --> 00:50:04,920 but it's very concentrated. 778 00:50:04,920 --> 00:50:08,120 What happens if you just give people money and say, you know, 779 00:50:08,120 --> 00:50:12,280 here's enough money to have a house and eat and to have fun? 780 00:50:12,280 --> 00:50:16,600 Do you think people would find fulfilment and all the other things, 781 00:50:16,600 --> 00:50:18,960 dignity in work for example, 782 00:50:18,960 --> 00:50:24,720 under a system where there's a small number of very rich people 783 00:50:24,720 --> 00:50:28,680 and they're being given money to... 784 00:50:30,480 --> 00:50:32,560 ..find things to do with their time? 785 00:50:32,560 --> 00:50:35,240 I mean, it sounds pretty terrible, pretty terrifying to me. 786 00:50:35,240 --> 00:50:37,640 You have a very pessimistic view of the future. 787 00:50:37,640 --> 00:50:40,680 I hope you're wrong. I believe that someone, you know, 788 00:50:40,680 --> 00:50:44,520 doing mechanical labour is not the best fulfilment 789 00:50:44,520 --> 00:50:46,160 of their dreams and aspirations. 790 00:50:46,160 --> 00:50:47,400 But the problem, I think, 791 00:50:47,400 --> 00:50:49,960 or the thing that makes me pessimistic or nervous, 792 00:50:49,960 --> 00:50:52,600 is that society will have to change dramatically, 793 00:50:52,600 --> 00:50:53,920 and that's quite worrying. 794 00:50:53,920 --> 00:50:56,320 Look, I believe society will have to change dramatically. 795 00:50:56,320 --> 00:50:58,200 I think we've been through many of these before, 796 00:50:58,200 --> 00:51:02,040 and, look, I understand that people have this spirit of, 797 00:51:02,040 --> 00:51:05,040 "I'm going to hang onto the past at all costs, 798 00:51:05,040 --> 00:51:07,120 "I hate progress and I hate change." 799 00:51:07,120 --> 00:51:09,360 But it's not that... And I hear that from you, I get it. 800 00:51:09,360 --> 00:51:11,560 It's not that. It's not hating progress. 801 00:51:11,560 --> 00:51:14,560 What if the progress that you're, not just you, 802 00:51:14,560 --> 00:51:18,480 but the community here's creating, is not what other people want? 803 00:51:18,480 --> 00:51:22,120 There are 40 million people in the US that live in poverty. 804 00:51:22,120 --> 00:51:24,640 If technology can eliminate human suffering... 805 00:51:26,200 --> 00:51:29,440 ..we should do that. If technology can generate more wealth 806 00:51:29,440 --> 00:51:31,440 and we can figure out how to distribute that better, 807 00:51:31,440 --> 00:51:32,520 we should do that. 808 00:51:32,520 --> 00:51:34,440 I think it's an important job for journalists 809 00:51:34,440 --> 00:51:37,840 to try to ask about the negative possibilities of this stuff. 810 00:51:37,840 --> 00:51:41,600 I think if you continue this thrust of, shouldn't we stop progress, 811 00:51:41,600 --> 00:51:43,480 no-one's going to take you seriously, 812 00:51:43,480 --> 00:51:46,080 because people want this stuff, and people don't... 813 00:51:46,080 --> 00:51:48,760 People don't think that we should still have people in poverty. 814 00:51:48,760 --> 00:51:51,120 People don't think that we should take away our iPhones 815 00:51:51,120 --> 00:51:52,400 and take away Facebook. 816 00:51:52,400 --> 00:51:54,640 So I think you can add a really important voice, 817 00:51:54,640 --> 00:51:57,640 but I worry you're going in the wrong direction with this, 818 00:51:57,640 --> 00:51:59,680 like, anti-progress angle. 819 00:52:14,320 --> 00:52:16,600 Orcas Island, north of Seattle. 820 00:52:18,560 --> 00:52:20,680 The edge of American civilisation. 821 00:52:23,680 --> 00:52:27,560 I'm here to meet one former Silicon Valley insider 822 00:52:27,560 --> 00:52:30,720 who fears where technological progress could be taking us. 823 00:52:33,200 --> 00:52:36,000 Whenever I talk to normals, which is what they call you people, 824 00:52:36,000 --> 00:52:39,160 or normies, OK, I almost feel like saying, 825 00:52:39,160 --> 00:52:41,320 "Look, I'm from the future, believe me. 826 00:52:41,320 --> 00:52:43,160 "I just got off a time machine called 827 00:52:43,160 --> 00:52:45,080 "the flight from San Francisco." 828 00:52:47,000 --> 00:52:49,040 VOICEOVER: Antonio Garcia Martinez 829 00:52:49,040 --> 00:52:54,120 was a product manager at Facebook before he quit Silicon Valley. 830 00:52:54,120 --> 00:52:57,240 I've seen what the world will look like in five to ten years. 831 00:52:57,240 --> 00:53:00,160 You may not believe it, but it's coming. 832 00:53:00,160 --> 00:53:02,440 And it's coming in the form of a self-driving truck 833 00:53:02,440 --> 00:53:04,280 that's about to run you over. 834 00:53:04,280 --> 00:53:05,800 How worried are you about this? 835 00:53:05,800 --> 00:53:08,320 Oh, horribly, why do you think I'm here? 836 00:53:08,320 --> 00:53:09,960 Why are we here? 837 00:53:09,960 --> 00:53:11,200 In the ass end of the Northwest? 838 00:53:11,200 --> 00:53:12,600 It's going to destroy the world. 839 00:53:24,680 --> 00:53:26,320 So, this is it? 840 00:53:26,320 --> 00:53:27,680 This is it. 841 00:53:27,680 --> 00:53:30,480 So this is sort of the general area, this is my utility thing over here, 842 00:53:30,480 --> 00:53:31,720 where I store a bunch of stuff. 843 00:53:31,720 --> 00:53:34,760 That's going to be the future house site that we just walked through. 844 00:53:34,760 --> 00:53:36,760 By the way, this is the throne room right here. 845 00:53:36,760 --> 00:53:38,080 Composting bucket toilet for now. 846 00:53:38,080 --> 00:53:40,120 Why did you choose this particular plot of land? 847 00:53:40,120 --> 00:53:41,720 Because nobody knows about it. 848 00:53:41,720 --> 00:53:46,160 Canada is a swim or a kayak's ride away if necessary. 849 00:53:46,160 --> 00:53:49,440 Ideal climate, big community, self-sustaining food production. 850 00:53:50,600 --> 00:53:54,240 And defensibility, in the case of things fragmenting for a while. 851 00:53:59,040 --> 00:54:03,080 The AR15, the civilian version of the M4, 852 00:54:03,080 --> 00:54:05,800 the standard issue service weapon of the US military. 853 00:54:08,640 --> 00:54:10,280 Is it loaded? Well, I don't know. 854 00:54:11,720 --> 00:54:12,720 Jesus. 855 00:54:18,840 --> 00:54:22,560 If things go bad in the future, what... 856 00:54:22,560 --> 00:54:24,160 Is this going to be what you need? 857 00:54:25,320 --> 00:54:27,360 Of course. In the post-America, 858 00:54:27,360 --> 00:54:30,600 the 5.56 millimetre round will be the currency of the new America, 859 00:54:30,600 --> 00:54:31,520 I guarantee you. 860 00:54:37,000 --> 00:54:38,160 This is the tipi clearing, 861 00:54:38,160 --> 00:54:41,920 this is a traditional Lakota Sioux tipi and we're going to 862 00:54:41,920 --> 00:54:43,200 put this up today. 863 00:54:49,480 --> 00:54:51,560 Why is it wobbling so much? 864 00:54:51,560 --> 00:54:53,320 Back it up, back it up, right, right. 865 00:54:55,000 --> 00:54:57,200 You might think it's silly that I have AR15s 866 00:54:57,200 --> 00:54:58,360 and a well and solar panels, 867 00:54:58,360 --> 00:55:00,080 but what do you have in the case of a crisis? 868 00:55:00,080 --> 00:55:02,160 You're just betting that it doesn't happen, right? 869 00:55:02,160 --> 00:55:04,320 Yeah. And as we used to say at Goldman Sachs, 870 00:55:04,320 --> 00:55:05,440 hope is a shitty hedge. 871 00:55:05,440 --> 00:55:07,600 You have hope, that's all you have, you have hope. 872 00:55:07,600 --> 00:55:08,800 Hope is a shitty hedge. 873 00:55:11,560 --> 00:55:13,240 OK, OK, come over towards me. 874 00:55:15,320 --> 00:55:18,560 So you think there are some people that are kind of in Silicon Valley, 875 00:55:18,560 --> 00:55:21,360 doing this too? Oh, absolutely, I'm not the only one. 876 00:55:21,360 --> 00:55:25,600 I'm not unique in any way. I wonder what other people in Silicon Valley 877 00:55:25,600 --> 00:55:27,720 might be doing. They have their own hideaways, 878 00:55:27,720 --> 00:55:30,120 they buy land in other places and they've got a bunch of guns 879 00:55:30,120 --> 00:55:31,560 and wells and all the rest of it. 880 00:55:31,560 --> 00:55:33,600 It's kind of like this, maybe a little less rustic, 881 00:55:33,600 --> 00:55:35,840 a little less hippie, but very similar. 882 00:55:35,840 --> 00:55:38,520 But, hang on, I mean it sounds a little bit selfish... 883 00:55:39,760 --> 00:55:41,720 ..because what about the rest of us? 884 00:55:41,720 --> 00:55:43,760 Life is short and we all die alone, I mean, there it is. 885 00:55:45,800 --> 00:55:49,840 Silicon Valley is unleashing the next wave of disruption, 886 00:55:49,840 --> 00:55:53,480 without knowing for sure whether the world will be made better 887 00:55:53,480 --> 00:55:54,680 as a result. 888 00:55:57,920 --> 00:56:00,320 What is at stake? 889 00:56:00,320 --> 00:56:02,760 Well, I mean, there's 300 million guns in this country, 890 00:56:02,760 --> 00:56:05,080 one for every man, woman and child, right? 891 00:56:05,080 --> 00:56:07,320 And they're mostly in the hands of those 892 00:56:07,320 --> 00:56:09,720 who are getting economically displaced. 893 00:56:09,720 --> 00:56:11,160 There could be a violent revolt. 894 00:56:20,920 --> 00:56:24,560 Why are you kind of speaking out about any of this stuff? 895 00:56:26,640 --> 00:56:28,400 Well, because it's the only real debt 896 00:56:28,400 --> 00:56:30,000 that I think technologists have. 897 00:56:30,000 --> 00:56:32,200 Not enough of them are actually speaking out 898 00:56:32,200 --> 00:56:34,040 and actually informing the general public. 899 00:56:34,040 --> 00:56:37,600 You don't realise, we are in a race between technology and politics, 900 00:56:37,600 --> 00:56:40,240 and the technologists are winning, they are way ahead. 901 00:56:40,240 --> 00:56:42,640 They will destroy jobs and disrupt economies 902 00:56:42,640 --> 00:56:44,280 way before we even react to them. 903 00:56:44,280 --> 00:56:46,680 And what we really should be thinking is about that. 904 00:56:54,240 --> 00:56:56,840 Preparing a survival plan IS extreme. 905 00:56:58,520 --> 00:57:02,320 The coming wave of disruption COULD bring great benefits. 906 00:57:04,040 --> 00:57:07,840 But there's a risk Silicon Valley's promise to build a better world 907 00:57:07,840 --> 00:57:11,280 could inflict a nightmare future on millions of us. 908 00:57:13,160 --> 00:57:19,240 Politics, in the end, has to be able to take control of this technology, 909 00:57:19,240 --> 00:57:23,680 regulate it somehow, slow it down if that's what people want, 910 00:57:23,680 --> 00:57:29,160 but make sure that the technology is being built for people, 911 00:57:29,160 --> 00:57:32,200 in a way that people want, in a way that society wants, 912 00:57:32,200 --> 00:57:33,720 and not just in the interests... 913 00:57:35,720 --> 00:57:40,120 ..of the tiny number of incredibly rich people 914 00:57:40,120 --> 00:57:41,920 from the West Coast of America. 915 00:57:49,000 --> 00:57:52,320 How did Silicon Valley become so influential? 916 00:57:52,320 --> 00:57:55,360 The Open University has produced an interactive timeline 917 00:57:55,360 --> 00:57:57,680 exploring the history of this place. 918 00:57:57,680 --> 00:58:00,040 To find out more, visit... 919 00:58:03,720 --> 00:58:05,920 ..and follow the links to the Open University. 77186

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