Reid Hoffman: Shaping the AI Era, Investing in Transformation and Calling on Europe

Hi, everyone. I'm Nicola Tangen, the CEO of the Norwegian sovereign wealth fund. And I'm here today with Reid Hoffman, who is the cofounder of LinkedIn, partner at Greylock, board member at Microsoft, and one of Silicon Valley's most influential thinkers. And today, we are basically going to talk about everything that's going on, AI, human potential, all the things you've been up to, Reid. So wonderful to have you here. It's great to be here. And, you know, one of these awesome things about the modern world is, you know, here I am in Seattle, there you are in Oslo, and we can have a fully robust conversation. Unbelievable. Not quite spanning the globe, but, maybe in topic. Now, Reid, you've seen, multiple tech cycles from, Web one point zero to the current AI boom. Just how does it stack up compared to what you've seen before? Well, look, each new tech cycle, and even if you do a bit of history and you kinda go back to printing press and other kinds of things as as early versions of this, is new and impressive and builds upon the old. And part of the current, you know, AI, just, you know, massive acceleration, much bigger than much quicker, much larger, more impact than anything else is because it builds on the Internet. It builds on the cloud. It builds on, you know, kind of the massive amount of data we have and the massive amount of commute we have, which then makes it possible to build these amazing learning machines. And so I think it's obviously the largest, now in all large things, you know, as you know, like in your industry, the discussion of, you know, is it is it a bubble? I don't think it is. If anything, I I don't think it's a bubble in the usual description of, you know, could it get to a collapse? But the impact upon all of society is probably gonna be the biggest of our lifetimes, and that's presuming that, you know, you and I have have have have at least a number of decades ahead of us. And and I think that's stunning because in industry and in life and in society, I think the fact that we've now made, like, learning machines as part of our firmament of the humanist world, the society, is is landmark. Now you see this from both sides given that you're on the Microsoft board, which is, you you know, the incumbent, and then you also invest in some of the new, you know, more disruptive companies. How does that shape your way of thinking? Well, you know, the frequent way that people put this kind of conversation, is it gonna more benefit start ups, more benefit large companies? Is it going right, you know, etcetera, etcetera. And the answer is massively all. And which one more? I don't know. But I think it's important on the you know, in kind of …