1
00:00:03,600 --> 00:00:05,680
欢迎回到Founding Mina Show。

2
00:00:05,680 --> 00:00:07,680
这是第二期。他们还没

3
00:00:07,680 --> 00:00:09,440
把我们赶出演播室，这挺

4
00:00:09,440 --> 00:00:10,000
好的。

5
00:00:10,000 --> 00:00:12,880
>> 对。我们就呃24/7直播。

6
00:00:12,880 --> 00:00:14,639
>> 没错。就这样。对。同样的T恤。

7
00:00:14,639 --> 00:00:16,880
我们又回来了。呃更多新闻。

8
00:00:16,880 --> 00:00:18,800
又是疯狂疯狂的一周，

9
00:00:18,800 --> 00:00:19,359
对吧？

10
00:00:19,359 --> 00:00:20,880
>> 那个地区发生了很多事。

11
00:00:20,880 --> 00:00:21,520
绝对的。

12
00:00:21,520 --> 00:00:23,840
>> 发生了很多事。呃我是说，我

13
00:00:23,840 --> 00:00:25,680
want to get into it, but I know we're

14
00:00:25,680 --> 00:00:27,519
going to go through a nice little higher

15
00:00:27,519 --> 00:00:29,199
或更低，对吧？然后你会

16
00:00:29,199 --> 00:00:30,560
马上考验我的知识。

17
00:00:30,560 --> 00:00:31,679
>> 对。你在那个地区

18
00:00:31,679 --> 00:00:32,079
region?

19
00:00:32,079 --> 00:00:33,920
>> 我在迪拜住了两年了。

20
00:00:33,920 --> 00:00:36,000
>> 好。那咱们来考验一下你的

21
00:00:36,000 --> 00:00:37,840
knowledge and see if it actually matches

22
00:00:37,840 --> 00:00:40,000
所有这些。概念是更高或

23
00:00:40,000 --> 00:00:42,480
更低。所以，我给你一个陈述

24
00:00:42,480 --> 00:00:44,800
你得告诉我它是更高

25
00:00:44,800 --> 00:00:46,559
还是更低。那咱们开始吧。

26
00:00:46,559 --> 00:00:46,719
来吧

27
00:00:46,719 --> 00:00:48,000
>> 开始。

28
00:00:48,000 --> 00:00:50,239
>> 哈利法塔的建造成本

29
00:00:50,239 --> 00:00:54,320
higher or lower than $2 billion?

30
00:00:54,320 --> 00:00:58,960
>> 我选更高。我觉得大概

31
00:00:58,960 --> 00:01:01,920
接近四十亿

32
00:01:01,920 --> 00:01:02,879
左右。

33
00:01:02,879 --> 00:01:03,760
>> 是更低。

34
00:01:03,760 --> 00:01:04,080
>> 什么？

35
00:01:04,080 --> 00:01:05,199
>> 对。15

36
00:01:05,199 --> 00:01:06,240
>> 15亿。

37
00:01:06,240 --> 00:01:09,280
>> 记住这是2008、2009年。所以我

38
00:01:09,280 --> 00:01:11,040
觉得按通胀调整后大概

39
00:01:11,040 --> 00:01:12,479
接近三十亿。好吧。

40
00:01:12,479 --> 00:01:14,240
>> 但呃但还是便宜得难以置信

41
00:01:14,240 --> 00:01:15,840
compared to other buildings. I mean it's

42
00:01:15,840 --> 00:01:17,200
大概有160层。

43
00:01:17,200 --> 00:01:18,720
>> 没错。15亿看起来

44
00:01:18,720 --> 00:01:20,479
还挺划算的。对。就跟你说的一样。

45
00:01:20,479 --> 00:01:21,680
你说的那样。

46
00:01:21,680 --> 00:01:24,080
>> Absolutely. I mean some companies are

47
00:01:24,080 --> 00:01:25,759
种子轮就融这个数了。所以

48
00:01:25,759 --> 00:01:27,040
>> 没错。他们可以自己建一栋

49
00:01:27,040 --> 00:01:30,240
桦树。对。现在说说高塔。所以

50
00:01:30,240 --> 00:01:32,400
你知道沙特正在吉达建另一座

51
00:01:32,400 --> 00:01:35,600
塔，会更高。嗯

52
00:01:35,600 --> 00:01:39,040
那未来那座塔的高度是高于还是

53
00:01:39,040 --> 00:01:41,920
lower than 1 kilometer?

54
00:01:41,920 --> 00:01:44,479
>> 更高。

55
00:01:44,479 --> 00:01:46,240
对，肯定更高。

56
00:01:46,240 --> 00:01:48,479
>> 对，稍微高一点。对对。呃

57
00:01:48,479 --> 00:01:50,720
the exact height is not actually we

58
00:01:50,720 --> 00:01:52,560
don't know yet, but they want to go

59
00:01:52,560 --> 00:01:55,280
above the the 1 kilometer. Uh 1,000

60
00:01:55,280 --> 00:01:58,159
米啊哥们。大概会比

61
00:01:58,159 --> 00:02:00,000
比哈利法塔高200米。

62
00:02:00,000 --> 00:02:01,200
>> 好吧。对于恐高的人来说，那简直是

63
00:02:01,200 --> 00:02:02,960
我的噩梦。我肯定不会

64
00:02:02,960 --> 00:02:03,920
去的。

65
00:02:03,920 --> 00:02:06,799
>> 好。问一个跟你领域更近的。所以，

66
00:02:06,799 --> 00:02:09,039
2026年上半年Mina地区

67
00:02:09,039 --> 00:02:11,760
A轮融资的数量。

68
00:02:11,760 --> 00:02:12,319
>> 好。

69
00:02:12,319 --> 00:02:14,959
>> 是高于还是低于50？

70
00:02:14,959 --> 00:02:16,480
>> 可惜，我觉得会低于

71
00:02:16,480 --> 00:02:19,360
50。2026年开局挺难的

72
00:02:19,360 --> 00:02:20,560
原因很明显。

73
00:02:20,560 --> 00:02:23,280
>> 对，是30。呃整个

74
00:02:23,280 --> 00:02:25,840
地区感觉数字挺低的

75
00:02:25,840 --> 00:02:28,640
>> 跟美国比是1200。

76
00:02:28,640 --> 00:02:30,400
>> 真的吗？哇。对。但是

77
00:02:30,400 --> 00:02:32,000
>> 我知道不能这么比。我只是说

78
00:02:32,000 --> 00:02:34,319
it's a benchmark. Um yeah,

79
00:02:34,319 --> 00:02:36,319
>> 这个数据挺有意思的。

80
00:02:36,319 --> 00:02:38,160
>> 好。我知道你很喜欢会议。

81
00:02:38,160 --> 00:02:40,640
那迪拜每年有多少个会议呢？

82
00:02:40,640 --> 00:02:43,519
是高于还是低于500？

83
00:02:43,519 --> 00:02:45,360
And by conferences, I don't mean side

84
00:02:45,360 --> 00:02:47,200
events or little, you know, get

85
00:02:47,200 --> 00:02:49,760
活动。我指的是参会人数

86
00:02:49,760 --> 00:02:52,000
more than 1,000 attendees. So, proper

87
00:02:52,000 --> 00:02:52,560
大型活动。

88
00:02:52,560 --> 00:02:55,280
>> 说实话，感觉远不止500。

89
00:02:55,280 --> 00:02:56,879
我猜大概有三倍。我

90
00:02:56,879 --> 00:02:59,360
感觉，我觉得，对，肯定

91
00:02:59,360 --> 00:03:00,400
more than 500.

92
00:03:00,400 --> 00:03:03,840
>> Actually, it's just over 500. 510. Uh

93
00:03:03,840 --> 00:03:05,599
这差不多一天两场了，如果你

94
00:03:05,599 --> 00:03:07,599
算的话，你知道，就像

95
00:03:07,599 --> 00:03:08,480
>> 开放日。

96
00:03:08,480 --> 00:03:09,760
>> 嗯，没错。

97
00:03:09,760 --> 00:03:11,519
>> 这数量太离谱了。

98
00:03:11,519 --> 00:03:13,680
>> 是啊，太多了。呃，他们

99
00:03:13,680 --> 00:03:15,599
办这些会议是干嘛的？

100
00:03:15,599 --> 00:03:18,000
>> I think it's attendees of conferences

101
00:03:18,000 --> 00:03:19,760
去参加别的会议。你知道，

102
00:03:19,760 --> 00:03:21,519
I've been to some events where you have

103
00:03:21,519 --> 00:03:23,519
more speakers than attendees, which is a

104
00:03:23,519 --> 00:03:24,560
尴尬了。

105
00:03:24,560 --> 00:03:26,080
>> 是啊。是啊。

106
00:03:26,080 --> 00:03:27,920
>> 好。那你也知道，我猜

107
00:03:27,920 --> 00:03:29,760
迪拜正在建一个新商场，会比迪拜购物中心

108
00:03:29,760 --> 00:03:31,519
还大，对吧？迪拜广场购物中心。呃，

109
00:03:31,519 --> 00:03:34,239
那个商场里的店铺数量会

110
00:03:34,239 --> 00:03:36,560
高于还是低于1200？

111
00:03:36,560 --> 00:03:39,120
>> 一个商场1200家店。

112
00:03:39,120 --> 00:03:41,200
>> 这数字本身就够疯狂的。

113
00:03:41,200 --> 00:03:43,519
>> That's a crazy stat in its own right.

114
00:03:43,519 --> 00:03:45,599
>> 是1500多。

115
00:03:45,599 --> 00:03:47,120
>> 你开玩笑吧。1500家店。没错。

116
00:03:47,120 --> 00:03:49,599
>> 哇。

117
00:03:49,599 --> 00:03:50,159
>> Wow.

118
00:03:50,159 --> 00:03:52,879
>> Yep. It's actually quite the Dubai mall

119
00:03:52,879 --> 00:03:54,640
这个会把它推向另一个层次。

120
00:03:54,640 --> 00:03:56,560
this pushes it to the to the next level.

121
00:03:56,560 --> 00:03:57,840
>> 这太疯狂了。

122
00:03:57,840 --> 00:03:59,599
>> 好的。最后一个。那么，那个

123
00:03:59,599 --> 00:04:01,680
所有主权财富基金在

124
00:04:01,680 --> 00:04:03,760
2026年上半年

125
00:04:03,760 --> 00:04:06,080
half of 2026, was it higher or lower

126
00:04:06,080 --> 00:04:08,239
than $50 billion?

127
00:04:08,239 --> 00:04:11,120
>> 500亿也是个疯狂的数字。我

128
00:04:11,120 --> 00:04:12,879
会说大概就在那个

129
00:04:12,879 --> 00:04:14,640
范围附近。我会说接近那个数，如果

130
00:04:14,640 --> 00:04:17,280
不是稍微多一点的话，考虑到他们一直在做的

131
00:04:17,280 --> 00:04:18,880
AI交易。

132
00:04:18,880 --> 00:04:19,840
>> 700亿。

133
00:04:19,840 --> 00:04:23,440
>> 700亿。哇。那些交易里有多少

134
00:04:23,440 --> 00:04:25,199
are in AI? Do you know roughly as a

135
00:04:25,199 --> 00:04:26,080
百分比吗？

136
00:04:26,080 --> 00:04:28,080
>> 我是说，从规模来看，我觉得

137
00:04:28,080 --> 00:04:31,600
it's um it's going to be more than 50%,

138
00:04:31,600 --> 00:04:33,680
因为我已经，你知道，那个

139
00:04:33,680 --> 00:04:36,320
OpenAI的交易我觉得是300亿。Anthropic

140
00:04:36,320 --> 00:04:38,880
也接近300亿。所以是的，

141
00:04:38,880 --> 00:04:41,600
主要是AI，而且是由，嗯，你

142
00:04:41,600 --> 00:04:44,960
知道的PIF，当然还有MGX，Mubadala推动的。

143
00:04:44,960 --> 00:04:46,960
所以是的，那些人，你知道，他们

144
00:04:46,960 --> 00:04:48,479
有信念的时候可不会

145
00:04:48,479 --> 00:04:49,120
含糊。

146
00:04:49,120 --> 00:04:50,240
>> 不，

147
00:04:50,240 --> 00:04:52,560
>> 那些可是大手笔。哇。好吧。

148
00:04:52,560 --> 00:04:54,800
>> 好的。我觉得你答对了一半。

149
00:04:54,800 --> 00:04:56,880
所以还行。我下次

150
00:04:56,880 --> 00:04:57,120
会更好。

151
00:04:57,120 --> 00:04:59,680
>> 这个分数还算合理。我接受。

152
00:04:59,680 --> 00:05:01,520
>> 谢谢你，伙计。好了，我们继续。嗯

153
00:05:01,520 --> 00:05:03,040
所以这是对我知识的一次很好的测试，

154
00:05:03,040 --> 00:05:04,880
and to to wake me up and get going.

155
00:05:04,880 --> 00:05:06,479
让我们来聊聊这周

156
00:05:06,479 --> 00:05:07,840
happened this week because it has been

157
00:05:07,840 --> 00:05:10,080
an exciting week as we say. Um the first

158
00:05:10,080 --> 00:05:12,400
想聊的是这周在埃及的Mnt Halan IPO。这

159
00:05:12,400 --> 00:05:15,360
是埃及自2021年以来最大的IPO，它

160
00:05:15,360 --> 00:05:18,479
is Egypt's biggest IPO since 2021 and it

161
00:05:18,479 --> 00:05:22,720
是相当大的新闻。嗯，第一天

162
00:05:22,720 --> 00:05:26,320
交易价格涨了大约6.6%。

163
00:05:26,320 --> 00:05:28,639
呃，就像我说的，这是5年来

164
00:05:28,639 --> 00:05:31,440
最大的IPO。嗯，它把

165
00:05:31,440 --> 00:05:34,160
这家企业的估值定在将近420亿

166
00:05:34,160 --> 00:05:38,000
Egyptian pounds or about $770 million.

167
00:05:38,000 --> 00:05:39,520
这个数字重要的是，

168
00:05:39,520 --> 00:05:41,680
Mnt Halan迄今为止的估值

169
00:05:41,680 --> 00:05:44,800
of about $1.4 billion um to date, but

170
00:05:44,800 --> 00:05:46,720
actually they were only IPOing a

171
00:05:46,720 --> 00:05:48,160
specific part of the business, actually

172
00:05:48,160 --> 00:05:50,240
呃，埃及这边的那块

173
00:05:50,240 --> 00:05:53,120
业务。嗯，这是好消息，对吧，

174
00:05:53,120 --> 00:05:56,720
对这个地区任何科技规模化企业来说，

175
00:05:56,720 --> 00:05:59,199
看到不只有本地上市发生，

176
00:05:59,199 --> 00:06:00,720
which is a great thing. And second of

177
00:06:00,720 --> 00:06:02,880
IPO开始开放了，

178
00:06:02,880 --> 00:06:05,440
而且真的开始呃推进

179
00:06:05,440 --> 00:06:07,199
并且动起来了。我们需要

180
00:06:07,199 --> 00:06:08,639
这个地区的流动性。我们上周

181
00:06:08,639 --> 00:06:11,199
在节目里聊过这个。我们有很多

182
00:06:11,199 --> 00:06:12,479
lot of companies that have received a

183
00:06:12,479 --> 00:06:14,479
投资资本，是时候

184
00:06:14,479 --> 00:06:16,560
开始让这些资金循环起来了。

185
00:06:16,560 --> 00:06:19,600
嗯，我想知道的是，

186
00:06:19,600 --> 00:06:22,639
你会不会投资这个IPO。

187
00:06:22,639 --> 00:06:25,199
>> 如果你看倍数，挺低的，

188
00:06:25,199 --> 00:06:28,080
low, right? So, in dollars, the revenue

189
00:06:28,080 --> 00:06:30,800
for 2025 for this company was $365

190
00:06:30,800 --> 00:06:32,880
million. Yeah. And essentially, they're

191
00:06:32,880 --> 00:06:35,039
的交易倍数是2倍700。

192
00:06:35,039 --> 00:06:37,440
Um, so I looked at like comparables,

193
00:06:37,440 --> 00:06:39,120
right? The they're actually growing

194
00:06:39,120 --> 00:06:41,600
挺快的，同比50%，这跟

195
00:06:41,600 --> 00:06:43,840
Revolute差不多。嗯，但如果你看

196
00:06:43,840 --> 00:06:46,000
at Revolute, their multiple on revenue

197
00:06:46,000 --> 00:06:47,360
是19倍。

198
00:06:47,360 --> 00:06:47,919
>> 哇。

199
00:06:47,919 --> 00:06:51,120
>> 19倍。所以按同样的倍数，Halan

200
00:06:51,120 --> 00:06:53,039
会值70亿。

201
00:06:53,039 --> 00:06:53,680
>> 这太疯狂了。

202
00:06:53,680 --> 00:06:56,160
>> So there's a huge discount, $6 billion

203
00:06:56,160 --> 00:06:58,880
的折扣。嗯，现在如果你看看Monzo，

204
00:06:58,880 --> 00:07:00,639
New Bank，像Revolute是极端的例子，

205
00:07:00,639 --> 00:07:02,000
对吧？因为他们被

206
00:07:02,000 --> 00:07:03,520
considered more like a tech play rather

207
00:07:03,520 --> 00:07:06,160
不是银行。嗯，但我们仍然有一个

208
00:07:06,160 --> 00:07:08,560
很低的倍数。所以问题是

209
00:07:08,560 --> 00:07:10,479
为什么为什么这么为什么这么大的折扣？

210
00:07:10,479 --> 00:07:11,199
是啊，

211
00:07:11,199 --> 00:07:14,080
>> I think that um
what's pretty clear here

212
00:07:14,080 --> 00:07:15,680
是商业模式，对吧？你

213
00:07:15,680 --> 00:07:17,520
可以自称金融科技，但

214
00:07:17,520 --> 00:07:19,360
归根结底如果你做的只是贷款，这

215
00:07:19,360 --> 00:07:21,120
is the case here, micro lending, then

216
00:07:21,120 --> 00:07:23,039
你的估值就像银行。我们知道

217
00:07:23,039 --> 00:07:25,039
金融服务和银行，它们

218
00:07:25,039 --> 00:07:27,840
并不会真的嗯获得很高的倍数

219
00:07:27,840 --> 00:07:29,280
因为它们，你知道，你需要

220
00:07:29,280 --> 00:07:30,720
大量资产才能扩展那样的业务。

221
00:07:30,720 --> 00:07:33,840
这嗯这非常嗯就是不太

222
00:07:33,840 --> 00:07:35,280
能扩展，对吧？利润率很

223
00:07:35,280 --> 00:07:37,599
低。嗯而Revolute一直在

224
00:07:37,599 --> 00:07:39,840
把自己定位为一个科技

225
00:07:39,840 --> 00:07:42,000
平台，因为它卖服务和

226
00:07:42,000 --> 00:07:45,440
卖产品。嗯而Halan得到的是

227
00:07:45,440 --> 00:07:46,400
银行的倍数。

228
00:07:46,400 --> 00:07:46,880
>> 是啊。

229
00:07:46,880 --> 00:07:48,880
>> 嗯我觉得还有一个很大的折扣在于

230
00:07:48,880 --> 00:07:50,960
货币的波动性。嗯

231
00:07:50,960 --> 00:07:52,960
以及整个地区，通常被认为

232
00:07:52,960 --> 00:07:54,720
比美国风险更高一些，

233
00:07:54,720 --> 00:07:55,520
你知道。是啊。

234
00:07:55,520 --> 00:07:57,840
>> 所以我觉得它它挺

235
00:07:57,840 --> 00:07:59,919
被低估的。嗯如果你想想

236
00:07:59,919 --> 00:08:02,400
it's not actually like a a giant company

237
00:08:02,400 --> 00:08:05,680
compared to what we can see. Um and um

238
00:08:05,680 --> 00:08:08,560
我觉得你知道是一个不错不错的

239
00:08:08,560 --> 00:08:09,280
投资。

240
00:08:09,280 --> 00:08:11,599
>> 是的，百分百同意。而且继续说到

241
00:08:11,599 --> 00:08:14,400
IPO theme, we actually have the first

242
00:08:14,400 --> 00:08:18,560
2026年迪拜的IPO。嗯，就是DIP

243
00:08:18,560 --> 00:08:20,800
Holding. Um so Dubai Investments,

244
00:08:20,800 --> 00:08:22,879
they're selling 20% of their subsidiary

245
00:08:22,879 --> 00:08:25,440
DIP嗯控股。给那些不

246
00:08:25,440 --> 00:08:27,199
know, um this is the holding company

247
00:08:27,199 --> 00:08:29,120
拥有迪拜投资园区。

248
00:08:29,120 --> 00:08:30,160
>>这是房地产，对吧？

249
00:08:30,160 --> 00:08:32,479
>>这是房地产类的。没错。嗯

250
00:08:32,479 --> 00:08:35,440
他们预计认购大概会

251
00:08:35,440 --> 00:08:37,919
在10月27日开放

252
00:08:37,919 --> 00:08:40,159
一直到11月初，最终

253
00:08:40,159 --> 00:08:41,519
定价大概在11月4日左右。所以

254
00:08:41,519 --> 00:08:43,599
it'll be interesting to see the price of

255
00:08:43,599 --> 00:08:45,200
会很有意思。

256
00:08:45,200 --> 00:08:46,959
>>我这么说的原因是他们在

257
00:08:46,959 --> 00:08:50,080
承诺相当可观的年度股息，

258
00:08:50,080 --> 00:08:52,000
对吧？你看这里的数字，

259
00:08:52,000 --> 00:08:55,279
我们说的是7亿迪拉姆，7.25

260
00:08:55,279 --> 00:08:58,160
亿迪拉姆，然后7.5亿迪拉姆

261
00:08:58,160 --> 00:09:01,920
分别在26、27和2028年。嗯，支付。

262
00:09:01,920 --> 00:09:04,000
>>所以，这基本上就是个债券投资。我

263
00:09:04,000 --> 00:09:06,240
意思是，感觉我对这个

264
00:09:06,240 --> 00:09:07,920
excited about this one. I mean,

265
00:09:07,920 --> 00:09:09,760
显然，你知道，IPO很好，

266
00:09:09,760 --> 00:09:11,680
但这是个，这是个房地产

267
00:09:11,680 --> 00:09:14,399
company. Um I think, you know, the

268
00:09:14,399 --> 00:09:16,720
>>这很能说明

269
00:09:16,720 --> 00:09:19,680
市场在这里看重什么，嗯，以及

270
00:09:19,680 --> 00:09:21,839
investors in the public market really

271
00:09:21,839 --> 00:09:23,360
真正愿意承销什么。

272
00:09:23,360 --> 00:09:25,040
>> Agreed. Yeah. And I think actually when

273
00:09:25,040 --> 00:09:26,720
拉远来看宏观层面，

274
00:09:26,720 --> 00:09:29,200
我们可以聊聊整个地区

275
00:09:29,200 --> 00:09:31,279
IPO的延迟，因为

276
00:09:31,279 --> 00:09:34,320
这里的冲突。不过，回到

277
00:09:34,320 --> 00:09:38,800
2025年。你知道，2025年有61个IPO，

278
00:09:38,800 --> 00:09:42,399
2025, raising $7.5 billion, which was

279
00:09:42,399 --> 00:09:45,360
前一年通过IPO筹集的130亿

280
00:09:45,360 --> 00:09:46,800
the year before.

281
00:09:46,800 --> 00:09:50,560
>> 不幸的是，趋势并不是40

282
00:09:50,560 --> 00:09:52,320
那些是在沙特。

283
00:09:52,320 --> 00:09:54,880
>> 对。没错。没错。所以，看看

284
00:09:54,880 --> 00:09:56,080
这次IPO的表现会

285
00:09:56,080 --> 00:09:58,240
很有意思。嗯，但正如你

286
00:09:58,240 --> 00:09:59,040
说的，对，我觉得

287
00:09:59,040 --> 00:10:03,360
>> the average raise $110 million. It's um

288
00:10:03,360 --> 00:10:05,200
>> 相当薄。我是说，显然

289
00:10:05,200 --> 00:10:08,720
有需求，我觉得嗯

290
00:10:08,720 --> 00:10:11,440
>> 对，就科技IPO而言，你

291
00:10:11,440 --> 00:10:12,880
知道的，我们在这个地区还真没怎么

292
00:10:12,880 --> 00:10:14,800
that happening in the region. So, I

293
00:10:14,800 --> 00:10:16,320
觉得房地产，你知道的，确实

294
00:10:16,320 --> 00:10:18,480
说得通。这是人们能理解的。呃

295
00:10:18,480 --> 00:10:20,399
这是有形的东西，本地

296
00:10:20,399 --> 00:10:22,959
local investors can can get behind. But

297
00:10:22,959 --> 00:10:25,200
我觉得这是一种非常不同的

298
00:10:25,200 --> 00:10:27,519
IPO类型，你知道的，我们听到

299
00:10:27,519 --> 00:10:29,920
并且习惯的那种。嗯，这

300
00:10:29,920 --> 00:10:32,000
是那种，嗯，对，显然

301
00:10:32,000 --> 00:10:33,600
a very very safe investment. They're

302
00:10:33,600 --> 00:10:35,040
已经在分红了。非常

303
00:10:35,040 --> 00:10:37,200
profitable company, great business.

304
00:10:37,200 --> 00:10:38,240
>> 嗯

305
00:10:38,240 --> 00:10:40,720
>> 只是另一种类型的IPO

306
00:10:40,720 --> 00:10:41,279
要承销。

307
00:10:41,279 --> 00:10:44,240
>> Yeah, completely
agree. Talking about uh

308
00:10:44,240 --> 00:10:45,760
收购， alongside这些

309
00:10:45,760 --> 00:10:48,079
IPO，这更多是我猜在我们

310
00:10:48,079 --> 00:10:49,680
field and what we can get excited about.

311
00:10:49,680 --> 00:10:50,480
>> That was exciting.

312
00:10:50,480 --> 00:10:52,720
>> 对。这是一笔反向

313
00:10:52,720 --> 00:10:54,880
收购，相当引人注目。所以

314
00:10:54,880 --> 00:10:57,279
giant Qatari super app Snu has bought

315
00:10:57,279 --> 00:10:58,079
Byte-Sight

316
00:10:58,079 --> 00:11:01,440
>> Snoo 没错。一个美国社交和视频

317
00:11:01,440 --> 00:11:03,200
电商平台，出自

318
00:11:03,200 --> 00:11:05,680
YC。嗯，对于看过

319
00:11:05,680 --> 00:11:07,600
TV show Silicon Valley when they go and

320
00:11:07,600 --> 00:11:10,079
推销Seafood时，这就是我想到的

321
00:11:10,079 --> 00:11:12,320
这个提案来得很直接。呃

322
00:11:12,320 --> 00:11:13,839
当我读到这个并在做调研的时候，

323
00:11:13,839 --> 00:11:15,680
我就想，“哦，这挺有意思的。”嗯

324
00:11:15,680 --> 00:11:17,360
but actually it's it's a lot deeper than

325
00:11:17,360 --> 00:11:19,519
真的非常引人注目。嗯，

326
00:11:19,519 --> 00:11:20,480
基本上他们在做的是

327
00:11:20,480 --> 00:11:22,640
linking short form videos about food

328
00:11:22,640 --> 00:11:24,720
美食短视频链接起来。对。到

329
00:11:24,720 --> 00:11:26,959
to actually the the ability to order

330
00:11:26,959 --> 00:11:29,440
应用下单的能力。嗯，为什么

331
00:11:29,440 --> 00:11:32,079
this cool? Well, firstly, it's a US app

332
00:11:32,079 --> 00:11:34,720
已经有15万次下载。你知道，

333
00:11:34,720 --> 00:11:36,160
在应用商店餐饮类排名第二，

334
00:11:36,160 --> 00:11:38,160
排在Uber Eats和

335
00:11:38,160 --> 00:11:40,480
麦当劳前面。所以，一个非常有趣的

336
00:11:40,480 --> 00:11:42,079
技术产品和一个有趣的

337
00:11:42,079 --> 00:11:44,640
应用。它被一家卡塔尔

338
00:11:44,640 --> 00:11:46,160
company and now they're bringing it here

339
00:11:46,160 --> 00:11:48,720
这个地区。我们知道快速

340
00:11:48,720 --> 00:11:50,560
商务、即时商务在这里

341
00:11:50,560 --> 00:11:53,839
massive here and linking this to content

342
00:11:53,839 --> 00:11:55,279
链接起来我觉得会是一个绝对的

343
00:11:55,279 --> 00:11:57,440
赢家，对吧？当涉及到推广

344
00:11:57,440 --> 00:12:00,160
这个，嗯，在整个，呃，在整个

345
00:12:00,160 --> 00:12:00,800
地区。

346
00:12:00,800 --> 00:12:03,120
>> 对，我觉得这是一笔非常被低估的

347
00:12:03,120 --> 00:12:05,200
deal. Uh one of the most exciting. I

348
00:12:05,200 --> 00:12:06,720
觉得，呃，我们看它的时候

349
00:12:06,720 --> 00:12:08,160
有三个原因说明它非常

350
00:12:08,160 --> 00:12:10,560
聪明。所以第一个是它

351
00:12:10,560 --> 00:12:12,240
显然是一笔收购，目的是

352
00:12:12,240 --> 00:12:14,160
bring the people the talent of this

353
00:12:14,160 --> 00:12:15,839
对吧？这是一笔非常早期的

354
00:12:15,839 --> 00:12:17,600
acquisition. the company's already only

355
00:12:17,600 --> 00:12:20,079
raised 1.5 million probably pre-revenue.

356
00:12:20,079 --> 00:12:21,920
所以你收购的本质上

357
00:12:21,920 --> 00:12:24,480
是人，当然你知道，他们的

358
00:12:24,480 --> 00:12:26,720
设计师、产品和技术人员

359
00:12:26,720 --> 00:12:28,639
仍然是一流的。所以如果你能在扩张的

360
00:12:28,639 --> 00:12:30,639
同时获取这些专业知识，

361
00:12:30,639 --> 00:12:33,519
产品，嗯，那真是，真是不可思议。

362
00:12:33,519 --> 00:12:35,440
第二是商业逻辑，正如

363
00:12:35,440 --> 00:12:37,279
you mentioned it's very smart for a

364
00:12:37,279 --> 00:12:38,720
非常聪明，你知道社交

365
00:12:38,720 --> 00:12:40,399
电商本质上是在收购一个

366
00:12:40,399 --> 00:12:42,320
分销引擎，他们能够

367
00:12:42,320 --> 00:12:45,519
拥有它，这将成为他们

368
00:12:45,519 --> 00:12:48,000
获取用户的方式。所以嗯

369
00:12:48,000 --> 00:12:50,639
像这样的企业的防御性

370
00:12:50,639 --> 00:12:52,079
就在于分销。

371
00:12:52,079 --> 00:12:54,639
>> 所以这是非常聪明的做法。但

372
00:12:54,639 --> 00:12:57,519
我觉得最最重要的嗯

373
00:12:57,519 --> 00:12:59,680
reason why it's smart is actually the

374
00:12:59,680 --> 00:13:02,480
它在市场上创造的信号。嗯

375
00:13:02,480 --> 00:13:05,040
to have a Qatari company that is

376
00:13:05,040 --> 00:13:07,519
收购了YC literally 最顶尖的科技

377
00:13:07,519 --> 00:13:10,000
并能把他们带到这里

378
00:13:10,000 --> 00:13:12,240
把创始人带到这里，嗯市场

379
00:13:12,240 --> 00:13:14,160
会大量讨论这件事，把它当作

380
00:13:14,160 --> 00:13:16,560
exciting and create a precedent you know

381
00:13:16,560 --> 00:13:18,480
for other companies in the region to do

382
00:13:18,480 --> 00:13:18,959
同样的事

383
00:13:18,959 --> 00:13:20,240
>> completely agree

384
00:13:20,240 --> 00:13:22,000
>> 我会质疑这样一款应用的

385
00:13:22,000 --> 00:13:24,320
防御性，比如你知道

386
00:13:24,320 --> 00:13:27,200
嗯 Instagram 或 Tik Tok，Tik Tok 一直在

387
00:13:27,200 --> 00:13:29,440
大力推动社交电商

388
00:13:29,440 --> 00:13:31,839
当你现在谈论一个产品时，你

389
00:13:31,839 --> 00:13:33,760
有能力立即销售它。

390
00:13:33,760 --> 00:13:35,920
他们也可以去做食品。

391
00:13:35,920 --> 00:13:38,079
为此做一个独立专用应用

392
00:13:38,079 --> 00:13:40,480
可能很难留住用户。

393
00:13:40,480 --> 00:13:42,800
现在，如果它是电商平台的一部分，

394
00:13:42,800 --> 00:13:44,800
我觉得对那样的企业来说

395
00:13:44,800 --> 00:13:46,240
就合理多了。

396
00:13:46,240 --> 00:13:47,519
>> Yeah, completely agree. I also think

397
00:13:47,519 --> 00:13:50,240
this is a play into a much higher margin

398
00:13:50,240 --> 00:13:52,720
一步，对这些快速商务平台来说

399
00:13:52,720 --> 00:13:54,880
into retail media essentially and

400
00:13:54,880 --> 00:13:56,560
传统零售媒体。显然，

401
00:13:56,560 --> 00:13:58,560
advertising within the app, very basic,

402
00:13:58,560 --> 00:14:00,560
它已经存在很长时间了。我们

403
00:14:00,560 --> 00:14:02,480
现在可以把它和社交媒体连接起来

404
00:14:02,480 --> 00:14:04,720
content creation, giving these brands

405
00:14:04,720 --> 00:14:06,399
它们自己创建这些链接的能力

406
00:14:06,399 --> 00:14:08,480
并创建这些媒体资产。是的，我

407
00:14:08,480 --> 00:14:09,760
觉得这是一个非常非常聪明的举措

408
00:14:09,760 --> 00:14:11,839
由Snoooo来做，我保证我们大概会

409
00:14:11,839 --> 00:14:15,360
看到Kareem或Uber，甚至嗯Deliveroo

410
00:14:15,360 --> 00:14:17,519
come out with potentially competitors or

411
00:14:17,519 --> 00:14:19,519
甚至进行进一步的收购来

412
00:14:19,519 --> 00:14:21,440
bring this into the region once this is

413
00:14:21,440 --> 00:14:24,480
验证可行。嗯我想说的第四点

414
00:14:24,480 --> 00:14:26,880
to get into is actually around uh pay

415
00:14:26,880 --> 00:14:28,800
More。你看到了吗？呃，一个非常

416
00:14:28,800 --> 00:14:30,399
有趣的技术。

417
00:14:30,399 --> 00:14:31,680
>>我来告诉你它是什么。

418
00:14:31,680 --> 00:14:31,920
>>好的。

419
00:14:31,920 --> 00:14:33,199
>>然后我想让你告诉我你

420
00:14:33,199 --> 00:14:35,760
会不会用它，因为我了解你呃你

421
00:14:35,760 --> 00:14:37,519
你喜欢，你知道，你喜欢你的东西

422
00:14:37,519 --> 00:14:38,800
保持原样。

423
00:14:38,800 --> 00:14:39,839
>>那是什么意思？那是什么

424
00:14:39,839 --> 00:14:40,480
意思？

425
00:14:40,480 --> 00:14:41,760
>>不，我不是说你老派，

426
00:14:41,760 --> 00:14:43,360
但你知道，我了解你喜欢你

427
00:14:43,360 --> 00:14:46,959
熟悉的东西。嗯，基本上，Pay More，它它

428
00:14:46,959 --> 00:14:50,480
让GCC用户可以使用预付卡。

429
00:14:50,480 --> 00:14:52,639
所以，你可以预付到一张卡上，但现在

430
00:14:52,639 --> 00:14:54,240
now what you can do is you can actually

431
00:14:54,240 --> 00:14:57,360
使用呃Palm Pay。所以你可以用

432
00:14:57,360 --> 00:15:00,000
your palm or you can use uh your retina.

433
00:15:00,000 --> 00:15:02,160
它会做视网膜扫描来用

434
00:15:02,160 --> 00:15:02,959
你的眼睛支付。

435
00:15:02,959 --> 00:15:04,399
>>但你在哪里能用呢？

436
00:15:04,399 --> 00:15:06,880
>>好的。所以这就是有趣的点。

437
00:15:06,880 --> 00:15:07,440
它

438
00:15:07,440 --> 00:15:08,399
>>两方面才能实现这个。

439
00:15:08,399 --> 00:15:10,959
>>我知道我知道我知道。让我们但让我们

440
00:15:10,959 --> 00:15:13,920
积极一点。它它正在推出

441
00:15:13,920 --> 00:15:16,639
uh across the region. Um instead of

442
00:15:16,639 --> 00:15:17,760
essentially instead of it being through

443
00:15:17,760 --> 00:15:19,519
a terminal, it actually happens through

444
00:15:19,519 --> 00:15:22,079
应用程序，对吧？所以如果商家有

445
00:15:22,079 --> 00:15:23,519
这个应用并且有那个基础设施和那个

446
00:15:23,519 --> 00:15:25,279
技术到位，那就是你如何

447
00:15:25,279 --> 00:15:26,959
支付的方式，那就是你如何使用它。你

448
00:15:26,959 --> 00:15:28,959
也可以显然通过呃

449
00:15:28,959 --> 00:15:31,279
通过应用本身来使用。嗯我觉得

450
00:15:31,279 --> 00:15:33,760
有趣的是我看到一家

451
00:15:33,760 --> 00:15:36,880
company uh founded or co-founded by two

452
00:15:36,880 --> 00:15:38,639
非常早期的合伙人创立或联合创立

453
00:15:38,639 --> 00:15:41,360
大概三四年前在做这个。呃它

454
00:15:41,360 --> 00:15:42,720
是一家扩张相当

455
00:15:42,720 --> 00:15:45,199
quickly into the US an incredible cap

456
00:15:45,199 --> 00:15:46,720
非常惊人。

457
00:15:46,720 --> 00:15:49,120
>> 我从那以后再也没听说过它。我

458
00:15:49,120 --> 00:15:51,440
不知道它有没有起飞。嗯我没有

459
00:15:51,440 --> 00:15:53,199
任何朋友跟我说，“嘿Sam，

460
00:15:53,199 --> 00:15:54,320
你为什么还在用你的

461
00:15:54,320 --> 00:15:56,399
iPhone支付？我现在用手掌了。”这

462
00:15:56,399 --> 00:15:58,320
是我从没见过的事，对吧？

463
00:15:58,320 --> 00:16:02,160
>> 对我来说，有很多用户呃

464
00:16:02,160 --> 00:16:04,160
行为需要改变，才能

465
00:16:04,160 --> 00:16:06,399
让这成为现实。嗯现在

466
00:16:06,399 --> 00:16:07,759
当你看到人们用

467
00:16:07,759 --> 00:16:09,440
他们的Apple Watch支付时，你会想，“你

468
00:16:09,440 --> 00:16:10,880
在干嘛？”对吧？嗯你知道，

469
00:16:10,880 --> 00:16:12,480
那是一个，那是一个相当常见的

470
00:16:12,480 --> 00:16:14,480
事，对吧？现在已经很普遍了。所以，

471
00:16:14,480 --> 00:16:16,240
所以把问题转回来，

472
00:16:16,240 --> 00:16:17,759
我们会看到Sam Hoover很快

473
00:16:17,759 --> 00:16:19,680
用他的视网膜或手掌

474
00:16:19,680 --> 00:16:20,560
支付吗？

475
00:16:20,560 --> 00:16:22,399
>> 我不，我不，我不这么认为。我

476
00:16:22,399 --> 00:16:24,240
意思是，你看，一切能

477
00:16:24,240 --> 00:16:26,880
加速结账流程的东西

478
00:16:26,880 --> 00:16:28,560
显然都很有趣，对吧？而且我

479
00:16:28,560 --> 00:16:30,959
觉得我记得的是嗯这个

480
00:16:30,959 --> 00:16:33,360
Amazon的商店，那个健身商店。哦，

481
00:16:33,360 --> 00:16:34,959
对。就是你直接进去然后

482
00:16:34,959 --> 00:16:36,720
把东西放进购物车里，然后

483
00:16:36,720 --> 00:16:38,240
你出来的时候就已经结好账了

484
00:16:38,240 --> 00:16:40,079
out. It's all automated. You you just

485
00:16:40,079 --> 00:16:42,079
提前把购物车连上，它就帮你

486
00:16:42,079 --> 00:16:43,440
搞定了。所以你都不用

487
00:16:43,440 --> 00:16:44,320
结账。

488
00:16:44,320 --> 00:16:47,040
>> 嗯，我觉得现在有了苹果

489
00:16:47,040 --> 00:16:48,639
Pay和谷歌Pay这些东西

490
00:16:48,639 --> 00:16:50,720
基本上你只要点一下

491
00:16:50,720 --> 00:16:52,079
手机就能付款，

492
00:16:52,079 --> 00:16:54,160
>> the barrier to entry is already pretty

493
00:16:54,160 --> 00:16:56,000
低了，对吧？在大多数地方

494
00:16:56,000 --> 00:16:57,199
付款都很简单。挺好的。

495
00:16:57,199 --> 00:17:00,480
>> 嗯，我还觉得有了AI之后，

496
00:17:00,480 --> 00:17:02,959
掌纹支付感觉有点

497
00:17:02,959 --> 00:17:05,360
像你知道的，在5G时代

498
00:17:05,360 --> 00:17:08,240
还在用传真机，对吧？对。嗯

499
00:17:08,240 --> 00:17:11,120
因为未来你基本上

500
00:17:11,120 --> 00:17:13,679
可能用你的AI助手就能

501
00:17:13,679 --> 00:17:16,319
付款，它们会处理所有

502
00:17:16,319 --> 00:17:19,919
财务上的你知道的交易。嗯

503
00:17:19,919 --> 00:17:21,679
>> 等你走到柜台的时候

504
00:17:21,679 --> 00:17:23,919
钱已经付好了，所有这些都可以

505
00:17:23,919 --> 00:17:25,760
基于人脸识别。你连掌纹

506
00:17:25,760 --> 00:17:27,839
都不需要。所以感觉支付的

507
00:17:27,839 --> 00:17:29,520
未来不只是你知道的

508
00:17:29,520 --> 00:17:31,360
更快的支付。而是不用付，根本

509
00:17:31,360 --> 00:17:33,840
不用结账。对。嗯，所以我不

510
00:17:33,840 --> 00:17:36,000
确定在AI时代这项

511
00:17:36,000 --> 00:17:38,240
technology is is really warranted.

512
00:17:38,240 --> 00:17:40,240
>> 对，我同意。我觉得

513
00:17:40,240 --> 00:17:42,640
看看这项技术，看看

514
00:17:42,640 --> 00:17:44,960
the use case actually rolls out across

515
00:17:44,960 --> 00:17:47,200
怎么落地会很有意思。嗯

516
00:17:47,200 --> 00:17:48,080
>> 咱们等着瞧吧。

517
00:17:48,080 --> 00:17:50,320
>> Let's see. I'm excited to start to see

518
00:17:50,320 --> 00:17:52,559
有人说我用不了。

519
00:17:52,559 --> 00:17:54,320
>> 我希望，嗯，我希望我们

520
00:17:54,320 --> 00:17:54,799
会被证明是错的。

521
00:17:54,799 --> 00:17:56,720
>> 如果你，你知道，你车上的钱不够

522
00:17:56,720 --> 00:17:58,080
会怎样？就像

523
00:17:58,080 --> 00:17:59,919
他们就直接

524
00:17:59,919 --> 00:18:02,000
>> 把你的手抢走然后你就完了？我不

525
00:18:02,000 --> 00:18:02,240
知道

526
00:18:02,240 --> 00:18:03,679
>> 你的手卡在机器上直到

527
00:18:03,679 --> 00:18:04,080
你

528
00:18:04,080 --> 00:18:05,679
>> 那会是一连串非常有意思的

529
00:18:05,679 --> 00:18:07,520
盗窃案，对吧？嗯，如果那如果那真的

530
00:18:07,520 --> 00:18:08,240
发生了的话。

531
00:18:08,240 --> 00:18:09,760
>> 风险方面呢？就像如果你

532
00:18:09,760 --> 00:18:11,280
这张卡里有很多钱，而所有

533
00:18:11,280 --> 00:18:13,120
你需要的只是别人的手掌，你知道，

534
00:18:13,120 --> 00:18:15,440
你可以想象获取那个

535
00:18:15,440 --> 00:18:18,640
大概就跟拿到，你知道，

536
00:18:18,640 --> 00:18:19,840
一部手机一样容易。

537
00:18:19,840 --> 00:18:20,400
>> 你觉得？

538
00:18:20,400 --> 00:18:21,200
>> 不，大概不是。

539
00:18:21,200 --> 00:18:22,160
>> 我正想说，你打算怎么

540
00:18:22,160 --> 00:18:23,600
把我抱起来扛到店里

541
00:18:23,600 --> 00:18:25,919
然后，你知道，趁我睡着的时候？嗯，

542
00:18:25,919 --> 00:18:27,760
>> good luck, man.

543
00:18:27,760 --> 00:18:31,039
嗯，那么下一条新闻

544
00:18:31,039 --> 00:18:32,480
actually the and this is an exciting

545
00:18:32,480 --> 00:18:33,520
消息。我觉得我们俩在开始

546
00:18:33,520 --> 00:18:35,120
this before we hit record. This is super

547
00:18:35,120 --> 00:18:38,480
exciting. Robin Hood has picked DICc as

548
00:18:38,480 --> 00:18:40,880
its Middle East headquarters. We have

549
00:18:40,880 --> 00:18:43,440
seen a plethora a number of companies

550
00:18:43,440 --> 00:18:45,919
现在扩展到该地区，选择

551
00:18:45,919 --> 00:18:49,679
ADGM DIC above anywhere else to come and

552
00:18:49,679 --> 00:18:52,080
launch and and to scale or across the

553
00:18:52,080 --> 00:18:54,320
地区。嗯，本周宣布

554
00:18:54,320 --> 00:18:56,320
他们获得了迪拜金融服务

555
00:18:56,320 --> 00:18:58,640
Services Authority license so they can

556
00:18:58,640 --> 00:19:00,720
把零售投资平台带到

557
00:19:00,720 --> 00:19:02,960
the region. That's super cool. Um it

558
00:19:02,960 --> 00:19:04,799
涵盖了交易和

559
00:19:04,799 --> 00:19:08,240
托管的一切。嗯，10，你知道，获批的资产

560
00:19:08,240 --> 00:19:10,480
类别，股票，加密货币，ETF，

561
00:19:10,480 --> 00:19:12,720
投资代币，基本上什么都有。

562
00:19:12,720 --> 00:19:14,480
This has been a long road though. Robin

563
00:19:14,480 --> 00:19:16,640
Hood applied for this category 4 license

564
00:19:16,640 --> 00:19:19,679
他们任命了呃Mario

565
00:19:19,679 --> 00:19:21,840
Kamar作为高级执行官

566
00:19:21,840 --> 00:19:23,919
负责Mina地区。呃但今天的

567
00:19:23,919 --> 00:19:26,160
release names Salah Kadora as the senior

568
00:19:26,160 --> 00:19:28,480
executive officer and president of Robin

569
00:19:28,480 --> 00:19:30,880
Hood Mina总裁。所以他们会从那里

570
00:19:30,880 --> 00:19:33,840
继续推进。我觉得真的

571
00:19:33,840 --> 00:19:36,320
很有意思的是，我们看到

572
00:19:36,320 --> 00:19:38,799
of Revolute Robin Hood start to make

573
00:19:38,799 --> 00:19:40,799
在该地区布局。我们不能

574
00:19:40,799 --> 00:19:43,280
forget that we have existing players

575
00:19:43,280 --> 00:19:45,520
在这里了，对吧？我觉得

576
00:19:45,520 --> 00:19:47,360
真正要问的问题是，这对

577
00:19:47,360 --> 00:19:48,799
本地的

578
00:19:48,799 --> 00:19:50,799
玩家意味着什么？所以Baraka、

579
00:19:50,799 --> 00:19:53,360
Sawa、E Toro、Equity，你知道，他们

580
00:19:53,360 --> 00:19:54,799
一直在建设自己的业务

581
00:19:54,799 --> 00:19:56,559
with the licenses while the likes of

582
00:19:56,559 --> 00:19:58,480
Robin Hood and even Revolute were absent

583
00:19:58,480 --> 00:20:00,640
在该地区缺席。他们花了

584
00:20:00,640 --> 00:20:03,200
long time to unlock users to go with the

585
00:20:03,200 --> 00:20:05,200
用户行为，开始 onboarding

586
00:20:05,200 --> 00:20:07,200
那些客户并建立AUM。你

587
00:20:07,200 --> 00:20:09,679
know, is Robin Hood now timing this at

588
00:20:09,679 --> 00:20:11,760
的时机对吗？

589
00:20:11,760 --> 00:20:13,520
这是他们最大的优势吗，还是

590
00:20:13,520 --> 00:20:16,000
你觉得是品牌熟悉度

591
00:20:16,000 --> 00:20:17,679
和产品熟悉度？

592
00:20:17,679 --> 00:20:19,840
and the product familiarity as well?

593
00:20:19,840 --> 00:20:21,120
>> I actually don't know. I think it

594
00:20:21,120 --> 00:20:22,720
产品是什么。据我所知，有些

595
00:20:22,720 --> 00:20:25,200
应用基本上提供

596
00:20:25,200 --> 00:20:28,400
相同的股票访问权限和

597
00:20:28,400 --> 00:20:30,480
相同的产品。所以我们得看看

598
00:20:30,480 --> 00:20:32,159
是否有任何差异化的

599
00:20:32,159 --> 00:20:34,640
产品，是本地玩家可能拥有的

600
00:20:34,640 --> 00:20:37,039
that the local players maybe have access

601
00:20:37,039 --> 00:20:40,000
到更多类型的指数和投资组合

602
00:20:40,000 --> 00:20:41,760
and other opportunities. You know at the

603
00:20:41,760 --> 00:20:43,520
end of the day it's all about what can

604
00:20:43,520 --> 00:20:45,360
接触到什么。什么样的

605
00:20:45,360 --> 00:20:47,120
投资机会，看看

606
00:20:47,120 --> 00:20:50,080
加密货币投资是否也能

607
00:20:50,080 --> 00:20:52,159
通过

608
00:20:52,159 --> 00:20:53,840
通过Robin Hood在同一个平台上获得，这会很有意思。

609
00:20:53,840 --> 00:20:56,400
>> 显然会的。是的。这是个

610
00:20:56,400 --> 00:20:58,799
你知道，很大的有趣举动。嗯，我

611
00:20:58,799 --> 00:21:01,200
觉得这真的

612
00:21:01,200 --> 00:21:03,919
highlights though how attractive the is

613
00:21:03,919 --> 00:21:06,559
有多大的吸引力，不管是

614
00:21:06,559 --> 00:21:09,520
金融还是AI，你知道，基本上现在

615
00:21:09,520 --> 00:21:11,280
他们 hosting 这个，这是官方

616
00:21:11,280 --> 00:21:14,000
stat just over 10,018

617
00:21:14,000 --> 00:21:16,640
active firms out of DIC

618
00:21:16,640 --> 00:21:17,919
>> 而且我们不能只是假设它们

619
00:21:17,919 --> 00:21:19,520
all startups that are you know building

620
00:21:19,520 --> 00:21:21,760
打造世界的未来什么的，

621
00:21:21,760 --> 00:21:23,440
你知道这些都是大型

622
00:21:23,440 --> 00:21:25,360
组织，选择了DIC作为

623
00:21:25,360 --> 00:21:27,440
它们的基地，嗯，你知道Robin Grid

624
00:21:27,440 --> 00:21:28,960
Robin Hood已经把这个

625
00:21:28,960 --> 00:21:30,799
that long list now, which is is super

626
00:21:30,799 --> 00:21:32,000
exciting.

627
00:21:32,000 --> 00:21:33,360
>> 欢迎来到这个地区，各位。

628
00:21:33,360 --> 00:21:35,520
>> Yeah, there you go. Um, in total, it's

629
00:21:35,520 --> 00:21:38,640
他们花了大约1.5到两年才

630
00:21:38,640 --> 00:21:40,720
走到这一步。嗯，我觉得这

631
00:21:40,720 --> 00:21:42,400
可能是，你知道，如果

632
00:21:42,400 --> 00:21:44,000
你是一家考虑拓展

633
00:21:44,000 --> 00:21:46,080
into this region, looking at the time

634
00:21:46,080 --> 00:21:47,280
scales here, especially around the

635
00:21:47,280 --> 00:21:47,919
监管方面。

636
00:21:47,919 --> 00:21:49,760
>> 嗯，那是因为他们有交易

637
00:21:49,760 --> 00:21:51,919
和金融监管，不只是

638
00:21:51,919 --> 00:21:53,919
简单地创建一个实体，

639
00:21:53,919 --> 00:21:54,640
对吧？

640
00:21:54,640 --> 00:21:57,120
>> 是的，没错。嗯，我觉得那个，你

641
00:21:57,120 --> 00:22:00,240
你知道，随着我们开始看到监管机构敞开

642
00:22:00,240 --> 00:22:02,240
up and and look at the track record of

643
00:22:02,240 --> 00:22:03,919
记录，它们进来

644
00:22:03,919 --> 00:22:06,080
being successful and doing it according

645
00:22:06,080 --> 00:22:07,840
规则和法律行事，你，我们会

646
00:22:07,840 --> 00:22:09,440
看到闸门打开，这

647
00:22:09,440 --> 00:22:11,919
is super exciting. Um, and the last

648
00:22:11,919 --> 00:22:14,159
在这个地区的最后

649
00:22:14,159 --> 00:22:16,400
一条消息是，Whoop，嗯，

650
00:22:16,400 --> 00:22:19,360
Will Ahmed 来过这里，

651
00:22:19,360 --> 00:22:21,760
>> 他本周在阿布扎比

652
00:22:21,760 --> 00:22:23,360
未来健康峰会上，对吧？而且

653
00:22:23,360 --> 00:22:25,120
actually dropped some really really

654
00:22:25,120 --> 00:22:27,120
有趣的数字。嗯，根据

655
00:22:27,120 --> 00:22:28,880
Will, the really interesting numbers

656
00:22:28,880 --> 00:22:30,960
that he dropped, uh, Whoop says its golf

657
00:22:30,960 --> 00:22:33,440
会员在过去一年里增长了大约 85%，

658
00:22:33,440 --> 00:22:36,159
the past year alone and have grown over

659
00:22:36,159 --> 00:22:39,600
15 倍。这是这些数字

660
00:22:39,600 --> 00:22:40,720
the first time that these numbers have

661
00:22:40,720 --> 00:22:42,080
>> 我们有会员人数还是只有

662
00:22:42,080 --> 00:22:43,760
那个人的说法？

663
00:22:43,760 --> 00:22:44,400
>> 我们没有。我们只有百分比。

664
00:22:44,400 --> 00:22:46,000
嗯，但话说回来，这是一个

665
00:22:46,000 --> 00:22:48,320
方向性的数字，我觉得

666
00:22:48,320 --> 00:22:49,760
directional figure which I think is

667
00:22:49,760 --> 00:22:51,280
理解，这是这些数字

668
00:22:51,280 --> 00:22:52,320
understand that this is the first time

669
00:22:52,320 --> 00:22:53,600
these numbers have been made public

670
00:22:53,600 --> 00:22:57,200
since Mardler and 2.0 group joined uh

671
00:22:57,200 --> 00:23:01,760
Whoops. So that $575 million series G uh

672
00:23:01,760 --> 00:23:04,480
$75 million of that came from Mardler.

673
00:23:04,480 --> 00:23:07,039
Um that was with a dedicated office that

674
00:23:07,039 --> 00:23:09,840
本地化，然后还有

675
00:23:09,840 --> 00:23:13,039
Woot Mabard 健康研究计划的

676
00:23:13,039 --> 00:23:14,799
launch of the Woot Mabard Health

677
00:23:14,799 --> 00:23:17,440
中东地区任何与长寿和

678
00:23:17,440 --> 00:23:19,120
anything to do with longevity and

679
00:23:19,120 --> 00:23:20,799
wellness here in the Middle East, in

680
00:23:20,799 --> 00:23:22,720
particular in the UAE, you will know

681
00:23:22,720 --> 00:23:24,480
这就是，对，这是一个非常

682
00:23:24,480 --> 00:23:27,360
hugely exciting area to be, everyone is

683
00:23:27,360 --> 00:23:28,799
looking at the region now going, okay,

684
00:23:28,799 --> 00:23:30,720
长寿、健康，我们甚至有

685
00:23:30,720 --> 00:23:32,159
政府部长专门负责这个，还有

686
00:23:32,159 --> 00:23:33,760
一项政府倡议。现在

687
00:23:33,760 --> 00:23:36,320
>> 我们会看到这个领域爆发式增长，我

688
00:23:36,320 --> 00:23:37,840
觉得，在未来几个月

689
00:23:37,840 --> 00:23:40,159
even in coming years. uh more companies,

690
00:23:40,159 --> 00:23:41,760
bigger companies, better investment,

691
00:23:41,760 --> 00:23:44,000
更好的监管，最终所有

692
00:23:44,000 --> 00:23:45,840
这些对我们这些住在迪拜

693
00:23:45,840 --> 00:23:47,600
live in Dubai and in the UAE.

694
00:23:47,600 --> 00:23:49,440
>> 我同意。我觉得这也是一个

695
00:23:49,440 --> 00:23:51,200
有趣的剧本，你能看到

696
00:23:51,200 --> 00:23:53,600
在这个地区发生，那里

697
00:23:53,600 --> 00:23:55,520
开始围绕特定话题有了一种使命，

698
00:23:55,520 --> 00:23:58,400
比如长寿，一般来说

699
00:23:58,400 --> 00:24:02,000
这个地区会找一个标杆

700
00:24:02,000 --> 00:24:04,400
来体现那个，对吧，

701
00:24:04,400 --> 00:24:06,480
they invest in it. They put a lot of

702
00:24:06,480 --> 00:24:08,480
资源。他们让Whoop成为

703
00:24:08,480 --> 00:24:11,679
这个长寿活动的主要头条

704
00:24:11,679 --> 00:24:14,559
合作伙伴，来展示

705
00:24:14,559 --> 00:24:16,880
这个策略到底是什么样的。对。

706
00:24:16,880 --> 00:24:19,039
>> 嗯，所以这是一个很好的例子，如果

707
00:24:19,039 --> 00:24:20,960
你能让你的企业处于这样的

708
00:24:20,960 --> 00:24:22,320
like this when you become the poster

709
00:24:22,320 --> 00:24:24,640
策略的标杆，你基本上就

710
00:24:24,640 --> 00:24:25,919
稳了。所以

711
00:24:25,919 --> 00:24:27,440
>> 百分之百，看到这个

712
00:24:27,440 --> 00:24:29,360
where this goes. So that wraps up the

713
00:24:29,360 --> 00:24:31,440
本周的新闻。好的。所以我们

714
00:24:31,440 --> 00:24:32,880
要稍微换个调子

715
00:24:32,880 --> 00:24:34,480
了。我想回到更早

716
00:24:34,480 --> 00:24:36,240
的阶段，我想谈谈

717
00:24:36,240 --> 00:24:38,320
本周发生的融资。

718
00:24:38,320 --> 00:24:39,440
不过我们要让这个变得有趣，

719
00:24:39,440 --> 00:24:41,679
Sam，因为我知道你喜欢游戏。而且

720
00:24:41,679 --> 00:24:43,600
对，任何注意到这个新

721
00:24:43,600 --> 00:24:45,520
prop that's just arrived on the table

722
00:24:45,520 --> 00:24:48,000
来，这是钞票枪。呃这是

723
00:24:48,000 --> 00:24:50,880
那把枪。是Sam辛苦赚来的钱。

724
00:24:50,880 --> 00:24:52,559
基本上，Sam，我要快速过一遍

725
00:24:52,559 --> 00:24:54,159
through uh some of the early stage

726
00:24:54,159 --> 00:24:55,520
融资项目。

727
00:24:55,520 --> 00:24:57,520
this week. If there's any company that

728
00:24:57,520 --> 00:24:59,440
you would either angel invest in or you

729
00:24:59,440 --> 00:25:01,440
think is a deadert to be a big big

730
00:25:01,440 --> 00:25:03,440
就开枪。那么，第一家

731
00:25:03,440 --> 00:25:06,240
company that announced a $3.6 million

732
00:25:06,240 --> 00:25:09,279
preede round was Vertex this week. It's

733
00:25:09,279 --> 00:25:11,200
an embedded finance platform that lets

734
00:25:11,200 --> 00:25:12,960
businesses add wallets, payouts, card

735
00:25:12,960 --> 00:25:15,520
发卡和转账功能加到自己的产品里。

736
00:25:15,520 --> 00:25:17,600
非常有有意思的股权结构表。SC Ventures

737
00:25:17,600 --> 00:25:19,440
由Standard Chartered领投，他们在该地区

738
00:25:19,440 --> 00:25:21,279
越来越活跃，

739
00:25:21,279 --> 00:25:23,600
particular in Saudi Sadu Capital Build

740
00:25:23,600 --> 00:25:26,480
and others. Second company was Naba

741
00:25:26,480 --> 00:25:28,080
Health，这是一个AI驱动的

742
00:25:28,080 --> 00:25:29,919
预防性医疗平台，专注于

743
00:25:29,919 --> 00:25:31,840
女性健康。我可以告诉你，

744
00:25:31,840 --> 00:25:33,919
创始人Sophie是一位绝对

745
00:25:33,919 --> 00:25:36,000
了不起的创始人。呃她在

746
00:25:36,000 --> 00:25:38,720
NAPTA所做的一切真的非常非常令人印象深刻。

747
00:25:38,720 --> 00:25:41,039
Uh they raised a $3 million pre- series

748
00:25:41,039 --> 00:25:43,440
A轮，由Phoenix Venture Partners领投。

749
00:25:43,440 --> 00:25:44,880
And the third company is a company

750
00:25:44,880 --> 00:25:47,200
called Vitals, an AI powered digital

751
00:25:47,200 --> 00:25:49,279
health passport for storing and sharing

752
00:25:49,279 --> 00:25:51,360
国家存储和分享

753
00:25:51,360 --> 00:25:54,159
医疗记录。他们从EST Growmore

754
00:25:54,159 --> 00:25:56,799
seed from EST Growmore. Very interesting

755
00:25:56,799 --> 00:25:59,039
创始团队。然后

756
00:25:59,039 --> 00:26:01,679
fourth company, Popcorn Studio, an AI

757
00:26:01,679 --> 00:26:03,840
电影制作平台，呃用于制作

758
00:26:03,840 --> 00:26:06,559
电影级视频，聚焦阿拉伯语

759
00:26:06,559 --> 00:26:08,720
context and dialects. They raised a $1

760
00:26:08,720 --> 00:26:11,679
pre-seed轮，由一家非常

761
00:26:11,679 --> 00:26:13,200
这里很有名、很受尊敬的angel

762
00:26:13,200 --> 00:26:15,200
in the region. Uh company number five

763
00:26:15,200 --> 00:26:17,360
是Capquest。嗯我的好朋友，

764
00:26:17,360 --> 00:26:19,120
一个很棒的团队。他们是股权

765
00:26:19,120 --> 00:26:21,440
管理平台，做capables、esops

766
00:26:21,440 --> 00:26:23,600
vesting和股东沟通。

767
00:26:23,600 --> 00:26:25,279
呃他们从OSA Capital和AMKM Family

768
00:26:25,279 --> 00:26:28,960
preede from OSA Capital and AMKM Family

769
00:26:28,960 --> 00:26:31,919
preede。一个非常令人印象深刻的团队，是的，

770
00:26:31,919 --> 00:26:33,440
you know, exited founders and have done

771
00:26:33,440 --> 00:26:35,039
a hell of a lot of things together

772
00:26:35,039 --> 00:26:35,600
>> 哦，那些枪。

773
00:26:35,600 --> 00:26:36,320
>> 那些枪。

774
00:26:36,320 --> 00:26:38,159
>> 让我投。

775
00:26:38,159 --> 00:26:40,080
拿走我的钱。然后这周最后一家

776
00:26:40,080 --> 00:26:42,799
Take my money. And the last company to

777
00:26:42,799 --> 00:26:44,640
announce around this week was a car

778
00:26:44,640 --> 00:26:46,799
呃他们做的是一个平台，

779
00:26:46,799 --> 00:26:48,240
让那些在分期付款上

780
00:26:48,240 --> 00:26:50,400
有困难的房产买家，可以

781
00:26:50,400 --> 00:26:51,919
把合同转让给新买家，

782
00:26:51,919 --> 00:26:53,919
这样他们就能接手呃

783
00:26:53,919 --> 00:26:55,600
那些承诺。他们从该地区一位

784
00:26:55,600 --> 00:26:57,840
非常有名的、很受尊敬的

785
00:26:57,840 --> 00:26:59,520
angel那里拿了20万。

786
00:26:59,520 --> 00:27:02,159
angel in the region. Um it's a great

787
00:27:02,159 --> 00:27:04,320
结果，我知道他们现在

788
00:27:04,320 --> 00:27:05,919
I know have been finding it hard to

789
00:27:05,919 --> 00:27:07,600
融到资。嗯

790
00:27:07,600 --> 00:27:10,159
尽管有大量

791
00:27:10,159 --> 00:27:12,240
大量有才华的人

792
00:27:12,240 --> 00:27:13,679
在埃及做东西。

793
00:27:13,679 --> 00:27:15,760
>> 这就是这周的融资汇总了。

794
00:27:15,760 --> 00:27:17,440
第二个游戏。好。所以，我要

795
00:27:17,440 --> 00:27:18,960
做的是给你一个

796
00:27:18,960 --> 00:27:21,520
a simple statement about the region and

797
00:27:21,520 --> 00:27:23,360
我要你告诉我这是炒作

798
00:27:23,360 --> 00:27:25,279
还是现实。明白了吗。

799
00:27:25,279 --> 00:27:25,679
>> 明白了。

800
00:27:25,679 --> 00:27:26,960
>> 你懂游戏规则了。好。所有

801
00:27:26,960 --> 00:27:29,200
好。开始了。行。陈述

802
00:27:29,200 --> 00:27:31,120
第一条。海湾地区是世界上

803
00:27:31,120 --> 00:27:33,760
最有吸引力的数据中心

804
00:27:33,760 --> 00:27:35,840
建设地之一。

805
00:27:35,840 --> 00:27:38,559
>> 对，这是现实。我觉得

806
00:27:38,559 --> 00:27:42,480
炒作的点是这里便宜得多，

807
00:27:42,480 --> 00:27:43,919
that it's all about cheaper power.

808
00:27:43,919 --> 00:27:45,200
那不是真正的原因，但有

809
00:27:45,200 --> 00:27:47,600
大量补贴，审批

810
00:27:47,600 --> 00:27:50,159
时间非常非常快，这对很多

811
00:27:50,159 --> 00:27:51,919
attractive to a lot of hyperscalers.

812
00:27:51,919 --> 00:27:54,000
>> 我同意。第二个问题，

813
00:27:54,000 --> 00:27:55,760
>> 没人问你。

814
00:27:55,760 --> 00:27:58,399
>> Thanks, man. Saudi Arabia is the

815
00:27:58,399 --> 00:28:01,840
该地区的资本总部。

816
00:28:01,840 --> 00:28:04,320
>> 目前是炒作。他们确实在

817
00:28:04,320 --> 00:28:06,559
大力推总部计划，如果

818
00:28:06,559 --> 00:28:08,720
if you are setting up a company there,

819
00:28:08,720 --> 00:28:11,200
it has to become the HQ and your UAE

820
00:28:11,200 --> 00:28:13,279
entity has to be a subsidiary of it.

821
00:28:13,279 --> 00:28:15,760
他们在大力推动这件事，

822
00:28:15,760 --> 00:28:18,320
并提供非常疯狂的优势来

823
00:28:18,320 --> 00:28:20,240
实现这一点。但我觉得目前

824
00:28:20,240 --> 00:28:22,880
我们看到的是大多数人来到

825
00:28:22,880 --> 00:28:24,799
region start still with the UAE.

826
00:28:24,799 --> 00:28:26,960
>> 同意。第三个问题。Mina

827
00:28:26,960 --> 00:28:30,000
初创企业可以轻松退出

828
00:28:30,000 --> 00:28:32,559
>> 炒作。我希望这是真的。我觉得

829
00:28:32,559 --> 00:28:34,399
正如我们所见，呃，你

830
00:28:34,399 --> 00:28:36,159
know the the liquidity especially for

831
00:28:36,159 --> 00:28:38,399
tech uh there's not much of a public

832
00:28:38,399 --> 00:28:40,320
市场。 again 我知道有很多

833
00:28:40,320 --> 00:28:42,080
进展。他们在努力。呃，

834
00:28:42,080 --> 00:28:43,919
希望我们很快能看到第一个科技退出

835
00:28:43,919 --> 00:28:46,399
happening on the ADX or another local

836
00:28:46,399 --> 00:28:47,440
交易所。

837
00:28:47,440 --> 00:28:49,520
>> 对，同意。第四条陈述，而且

838
00:28:49,520 --> 00:28:51,200
this is a crazy one to even think about

839
00:28:51,200 --> 00:28:54,320
中东各国政府比

840
00:28:54,320 --> 00:28:56,399
Middle East are more digital than

841
00:28:56,399 --> 00:28:58,399
私营企业。

842
00:28:58,399 --> 00:29:01,279
>> 这就是现实。对，没错。嗯

843
00:29:01,279 --> 00:29:04,640
我觉得你知道这里的政府

844
00:29:04,640 --> 00:29:06,960
表现得像私营部门一样。他们在

845
00:29:06,960 --> 00:29:08,960
risktaking. They're trying to do things.

846
00:29:08,960 --> 00:29:10,080
他们愿意与

847
00:29:10,080 --> 00:29:12,960
企业接触。嗯，非常前卫的思维，而且

848
00:29:12,960 --> 00:29:15,840
呃，总的来说他们真的，你知道

849
00:29:15,840 --> 00:29:18,159
在为创新定下基调。

850
00:29:18,159 --> 00:29:20,000
他们在引领潮流，在

851
00:29:20,000 --> 00:29:21,760
创新和采用新技术方面。

852
00:29:21,760 --> 00:29:22,960
>> 第五项陈述，Mina拥有深厚的

853
00:29:22,960 --> 00:29:25,279
本土AI人才储备。

854
00:29:25,279 --> 00:29:28,399
>> 有炒作成分，但正在向

855
00:29:28,399 --> 00:29:30,799
现实转变。嗯，现实是这个

856
00:29:30,799 --> 00:29:33,679
地区仍然进口大部分高级

857
00:29:33,679 --> 00:29:35,760
AI人才。呃，但这个地区也在

858
00:29:35,760 --> 00:29:38,640
AI talent. Uh but the region is also

859
00:29:38,640 --> 00:29:40,559
觉得Abu Dhabi正在培训20,000名

860
00:29:40,559 --> 00:29:42,799
官员，嗯，你知道高级领导、

861
00:29:42,799 --> 00:29:45,360
政府雇员，用Chad GPT、

862
00:29:45,360 --> 00:29:47,840
government employees with Chad GPT,

863
00:29:47,840 --> 00:29:49,760
other types of AI tools and I just

864
00:29:49,760 --> 00:29:51,440
呃，所以他们会达到目标的。

865
00:29:51,440 --> 00:29:53,919
他们会赶上的。嗯，

866
00:29:53,919 --> 00:29:56,000
They will they will catch up. Um the the

867
00:29:56,000 --> 00:29:59,279
最高的。嗯，住在这里的人中80%

868
00:29:59,279 --> 00:30:01,919
每周至少使用一次AI。在

869
00:30:01,919 --> 00:30:04,320
美国只有50%。所以这是巨大的

870
00:30:04,320 --> 00:30:07,039
差异。

871
00:30:07,039 --> 00:30:07,679
>> 对，我觉得是的。哦，对。100%同意

872
00:30:07,679 --> 00:30:10,080
>> Yeah, I think it's Oh, yeah. 100% true

873
00:30:10,080 --> 00:30:13,200
Neon的那条线会建起来。

874
00:30:13,200 --> 00:30:16,960
>> 炒作。不会的。嗯，不会

875
00:30:16,960 --> 00:30:20,559
建起来。至少不是170英里。嗯，

876
00:30:20,559 --> 00:30:24,240
你知道，MBS他自己说了，

877
00:30:24,240 --> 00:30:26,480
呃，NEOM的想法是

878
00:30:26,480 --> 00:30:28,559
你要瞄准星星，也许

879
00:30:28,559 --> 00:30:30,720
能够到月亮。我觉得这就是

880
00:30:30,720 --> 00:30:32,399
reach the moon. I think this is what

881
00:30:32,399 --> 00:30:34,240
发生了。宏大愿景正在

882
00:30:34,240 --> 00:30:36,559
getting rescoped but a lot of things are

883
00:30:36,559 --> 00:30:39,600
仍在推进，还有Neon、Octagon，而且

884
00:30:39,600 --> 00:30:42,000
我觉得The Line也宣布了

885
00:30:42,000 --> 00:30:44,399
与Humane合作，成为

886
00:30:44,399 --> 00:30:46,000
数据中心将要建设的

887
00:30:46,000 --> 00:30:47,919
地点，所以他们在重新利用

888
00:30:47,919 --> 00:30:50,000
他们拥有的那些地方，嗯，

889
00:30:50,000 --> 00:30:53,039
Octagon，也就是那个，嗯，

890
00:30:53,039 --> 00:30:54,399
港口和码头，这类

891
00:30:54,399 --> 00:30:56,399
industrial zone there is up and running

892
00:30:56,399 --> 00:30:58,399
所以有很多组成部分，你

893
00:30:58,399 --> 00:31:00,799
知道的，都在运作，但The Line

894
00:31:00,799 --> 00:31:04,320
这个旗舰项目已经被，嗯，重新调整了范围。

895
00:31:04,320 --> 00:31:05,440
这么说吧。

896
00:31:05,440 --> 00:31:08,320
>> Yeah. Statement
number seven. Uh the UAE

897
00:31:08,320 --> 00:31:10,640
是世界百万富翁磁石。

898
00:31:10,640 --> 00:31:12,799
>> 哦，这是真的。我觉得这已经是连续第三

899
00:31:12,799 --> 00:31:15,039
年了，呃，我们是

900
00:31:15,039 --> 00:31:17,919
吸引最多百万富翁的国家。嗯，我

901
00:31:17,919 --> 00:31:20,000
觉得每年差不多有1万名百万富翁

902
00:31:20,000 --> 00:31:22,640
呃，来到这里，而且呃，

903
00:31:22,640 --> 00:31:24,320
actually a lot of them at the expense of

904
00:31:24,320 --> 00:31:26,720
呃，你们那个国家英国为代价的。今年

905
00:31:26,720 --> 00:31:29,600
英国是最大的百万富翁

906
00:31:29,600 --> 00:31:30,240
输出国。

907
00:31:30,240 --> 00:31:32,320
>> 没错。嗯，不过我们不会上街

908
00:31:32,320 --> 00:31:33,679
到处扔东西。

909
00:31:33,679 --> 00:31:36,240
但不管怎样，我不谈那个了。嗯，

910
00:31:36,240 --> 00:31:38,000
on that question or on that statement,

911
00:31:38,000 --> 00:31:40,399
抱歉。呃，他们带来的那些钱，

912
00:31:40,399 --> 00:31:42,080
这些百万富翁，

913
00:31:42,080 --> 00:31:45,120
that's going to UAE startups.

914
00:31:45,120 --> 00:31:48,080
>> 炒作。我希望这是真的。不，大部分

915
00:31:48,080 --> 00:31:50,559
财富都流向了房地产、

916
00:31:50,559 --> 00:31:53,760
family offices, into investment. Um, not

917
00:31:53,760 --> 00:31:55,279
真正的科技交易。

918
00:31:55,279 --> 00:31:58,640
>> 对。倒数第二条声明。无人驾驶

919
00:31:58,640 --> 00:32:03,279
交通将在2030年前落地迪拜。

920
00:32:03,279 --> 00:32:05,360
>> 到那时会成为现实。我觉得

921
00:32:05,360 --> 00:32:07,279
有很多举措。我们聊过

922
00:32:07,279 --> 00:32:10,480
last week about the um Boring Company,

923
00:32:10,480 --> 00:32:11,919
那些隧道。我们聊过

924
00:32:11,919 --> 00:32:14,080
阿布扎比的无人驾驶舱。你

925
00:32:14,080 --> 00:32:16,000
已经有了可以叫的自动驾驶Uber

926
00:32:16,000 --> 00:32:19,120
可以预约。而且呃战略是

927
00:32:19,120 --> 00:32:23,279
到2030年实现25%的出行自动化。所以

928
00:32:23,279 --> 00:32:25,600
他们能达到25%吗？不确定但

929
00:32:25,600 --> 00:32:26,960
portion of it will definitely be

930
00:32:26,960 --> 00:32:27,519
实现自动化。

931
00:32:27,519 --> 00:32:29,200
>> 这是个了不起的目标。

932
00:32:29,200 --> 00:32:31,679
>> 还有最后一点，Mina地区在

933
00:32:31,679 --> 00:32:35,120
引领AI主权的话语权。

934
00:32:35,120 --> 00:32:37,519
>> 非常真实。嗯在此基础上

935
00:32:37,519 --> 00:32:40,080
建立业务。所以呃这非常真实。

936
00:32:40,080 --> 00:32:43,600
嗯G42、Humane，那些专门

937
00:32:43,600 --> 00:32:45,760
companies to handle AI in the region

938
00:32:45,760 --> 00:32:48,399
很早就开始激发人们对

939
00:32:48,399 --> 00:32:50,640
for for sovereignty. um which kind of

940
00:32:50,640 --> 00:32:52,159
上也制造了壁垒因为

941
00:32:52,159 --> 00:32:55,279
lot harder to you know access models if

942
00:32:55,279 --> 00:32:56,960
获取起来就难得多但归根

943
00:32:56,960 --> 00:32:58,480
结底这是在保护国家

944
00:32:58,480 --> 00:33:00,880
保护那些使用它的企业

945
00:33:00,880 --> 00:33:02,559
因为你可以确保

946
00:33:02,559 --> 00:33:04,240
你的数据不会离开国家

947
00:33:04,240 --> 00:33:06,000
边界你对你的数据有更多

948
00:33:06,000 --> 00:33:09,360
控制权而且嗯你知道

949
00:33:09,360 --> 00:33:11,600
问题是你真的想

950
00:33:11,600 --> 00:33:13,840
to outsource your intelligence what is

951
00:33:13,840 --> 00:33:15,200
将驱动你的整个业务

952
00:33:15,200 --> 00:33:17,600
对吧我们说的不是一个数据库

953
00:33:17,600 --> 00:33:19,039
就那么放在那里我们 literally

954
00:33:19,039 --> 00:33:21,120
说的是 intelligence 所以如果作为

955
00:33:21,120 --> 00:33:22,159
一家企业你要围绕AI构建

956
00:33:22,159 --> 00:33:25,279
一切你所有的流程

957
00:33:25,279 --> 00:33:27,760
你知道你有AI同事你真的

958
00:33:27,760 --> 00:33:29,760
really want those to sit somewhere else

959
00:33:29,760 --> 00:33:31,519
在一个你无法控制的

960
00:33:31,519 --> 00:33:34,080
国家而且你可能会有你知道

961
00:33:34,080 --> 00:33:35,360
谁知道会发生什么呢

962
00:33:35,360 --> 00:33:37,279
地缘政治会变，你就没法再

963
00:33:37,279 --> 00:33:39,440
access to that intelligence anymore so

964
00:33:39,440 --> 00:33:41,039
第一条规则就是你需要在

965
00:33:41,039 --> 00:33:43,120
intelligence to happen in the country

966
00:33:43,120 --> 00:33:45,279
and actually the next step of that that

967
00:33:45,279 --> 00:33:46,880
some companies and government entities

968
00:33:46,880 --> 00:33:49,600
开始考虑的是，也许

969
00:33:49,600 --> 00:33:51,360
country is not enough. It should be on

970
00:33:51,360 --> 00:33:53,279
我们自己的场地上。所以主权

971
00:33:53,279 --> 00:33:55,200
是有不同层次的。你想让这些

972
00:33:55,200 --> 00:33:56,559
数据离你多近？所以我不

973
00:33:56,559 --> 00:33:59,840
知道你看到没有，呃 AI 又被提到了。嗯

974
00:33:59,840 --> 00:34:01,760
这次是在 PHP 里发现了

975
00:34:01,760 --> 00:34:04,720
一些重大漏洞。你知道我不

976
00:34:04,720 --> 00:34:07,440
知道你学没学过什么科学

977
00:34:07,440 --> 00:34:09,839
计算机科学之类的，但在我那个年代

978
00:34:09,839 --> 00:34:12,399
我们真的在学 PHP。呃 PHP 是一种

979
00:34:12,399 --> 00:34:15,520
服务器端语言。它驱动着 70% 的

980
00:34:15,520 --> 00:34:17,760
互联网。它驱动着 WordPress，所有

981
00:34:17,760 --> 00:34:20,639
那些 WordPress 呃网站。它驱动着呃

982
00:34:20,639 --> 00:34:22,399
Drupal，那个现在还用得很多。

983
00:34:22,399 --> 00:34:24,399
它驱动着 Wikipedia。很多政府

984
00:34:24,399 --> 00:34:27,200
机构都在用 PHP。然后

985
00:34:27,200 --> 00:34:29,839
基本上嗯我觉得是 OpenAI 和

986
00:34:29,839 --> 00:34:32,000
Gemini 的一个智能体发现了一个

987
00:34:32,000 --> 00:34:33,679
漏洞，基本上能让

988
00:34:33,679 --> 00:34:36,320
hackers to inject code without having

989
00:34:36,320 --> 00:34:39,280
访问服务器。嗯以前从来没人

990
00:34:39,280 --> 00:34:42,000
发现过。AI 发现了。所以

991
00:34:42,000 --> 00:34:44,560
在这个被修补之前，建议是

992
00:34:44,560 --> 00:34:46,079
既然这已经被知道了，你

993
00:34:46,079 --> 00:34:48,480
大概应该把你的网站下线。所以

994
00:34:48,480 --> 00:34:50,320
government entities, companies actually

995
00:34:50,320 --> 00:34:51,919
把网站下线了一小

996
00:34:51,919 --> 00:34:52,320
段时间。

997
00:34:52,320 --> 00:34:52,560
>> 哇。

998
00:34:52,560 --> 00:34:54,879
>> 呃这是最早的实例之一，

999
00:34:54,879 --> 00:34:57,599
AI 在代码中发现漏洞，而这些

1000
00:34:57,599 --> 00:34:59,359
is, you know, over a decade old that no

1001
00:34:59,359 --> 00:35:00,240
别人已经发现了。

1002
00:35:00,240 --> 00:35:02,000
>> 那真是太厉害了。我

1003
00:35:02,000 --> 00:35:03,359
the things that fascinated me actually

1004
00:35:03,359 --> 00:35:05,520
is about the use of AI in particular

1005
00:35:05,520 --> 00:35:07,839
when it comes to cyber security, but

1006
00:35:07,839 --> 00:35:11,040
also the insurance around cyber attacks.

1007
00:35:11,040 --> 00:35:12,240
你觉得这会不会是

1008
00:35:12,240 --> 00:35:13,599
we're going to see more and more of

1009
00:35:13,599 --> 00:35:15,440
就是说如果你是个核保人，

1010
00:35:15,440 --> 00:35:17,920
an insurance underwriter, actually most

1011
00:35:17,920 --> 00:35:19,920
of what you can do now with AI is

1012
00:35:19,920 --> 00:35:23,040
就是去外面排查、找出这些漏洞，

1013
00:35:23,040 --> 00:35:24,320
找到这些薄弱点，然后

1014
00:35:24,320 --> 00:35:25,760
真正去支持你的客户。你

1015
00:35:25,760 --> 00:35:26,640
觉得我们会看到人们这么做吗，

1016
00:35:26,640 --> 00:35:27,920
还是你觉得这仍然会

1017
00:35:27,920 --> 00:35:30,079
继续是那些不法分子

1018
00:35:30,079 --> 00:35:31,680
自己利用的东西？

1019
00:35:31,680 --> 00:35:33,920
>> 不，我觉得对我来说这是，

1020
00:35:33,920 --> 00:35:35,599
非常正面的，因为你想

1021
00:35:35,599 --> 00:35:37,200
结果是什么？结果

1022
00:35:37,200 --> 00:35:38,800
是我们发现了一个我们

1023
00:35:38,800 --> 00:35:40,560
之前不知道的漏洞，现在我们可以

1024
00:35:40,560 --> 00:35:43,599
把它补上。嗯，你知道，我觉得

1025
00:35:43,599 --> 00:35:45,359
>> 显然任何东西都会有不法分子

1026
00:35:45,359 --> 00:35:47,359
利用，对吧？每项技术都有

1027
00:35:47,359 --> 00:35:49,119
两面。它总是可以被用于

1028
00:35:49,119 --> 00:35:51,119
好的目的，也可以被武器化来

1029
00:35:51,119 --> 00:35:54,160
对付它。嗯，但AI发现了

1030
00:35:54,160 --> 00:35:56,720
这个漏洞，反而防止了AI造成

1031
00:35:56,720 --> 00:35:59,280
更大的损害。所以，这是这是件好事

1032
00:35:59,280 --> 00:36:01,599
我觉得这就是一个普遍的，

1033
00:36:01,599 --> 00:36:03,119
you know, approach to how you're

1034
00:36:03,119 --> 00:36:05,200
方式。嗯，你不能

1035
00:36:05,200 --> 00:36:07,280
真的害怕这个。当然，

1036
00:36:07,280 --> 00:36:09,280
每项技术都有风险，但这

1037
00:36:09,280 --> 00:36:11,200
就跟说，你知道，咱们

1038
00:36:11,200 --> 00:36:13,839
还是骑马吧，因为汽车

1039
00:36:13,839 --> 00:36:15,599
could lead to more accidents.

1040
00:36:15,599 --> 00:36:18,000
>> Well, cars are actually safer over time

1041
00:36:18,000 --> 00:36:20,400
它还能让你走得快得多

1042
00:36:20,400 --> 00:36:22,400
所以，AI也是一样的，一样的

1043
00:36:22,400 --> 00:36:24,800
我觉得嗯在欧洲我们

1044
00:36:24,800 --> 00:36:26,720
挺有罪的，总是从

1045
00:36:26,720 --> 00:36:29,599
你知道的那种半空杯子的

1046
00:36:29,599 --> 00:36:32,320
嗯视角来看，目标总是

1047
00:36:32,320 --> 00:36:34,960
regulate or you know add buyers to entry

1048
00:36:34,960 --> 00:36:36,400
or making it really hard to do

1049
00:36:36,400 --> 00:36:38,560
特别难。现实是

1050
00:36:38,560 --> 00:36:41,119
>> 如果你处在一个

1051
00:36:41,119 --> 00:36:43,359
孤立运作的世界里，这倒行得通。所以如果你能

1052
00:36:43,359 --> 00:36:45,599
监管整个欧洲

1053
00:36:45,599 --> 00:36:47,760
因此就不再有什么AI带来的

1054
00:36:47,760 --> 00:36:50,000
风险了，那当然行。但

1055
00:36:50,000 --> 00:36:51,760
问题是你有美国，你有

1056
00:36:51,760 --> 00:36:53,200
中国，你有所有这些家伙。他们

1057
00:36:53,200 --> 00:36:54,560
不会被监管。那会

1058
00:36:54,560 --> 00:36:55,520
怎样？他们会继续

1059
00:36:55,520 --> 00:36:58,320
开发，现在他们基本上有了

1060
00:36:58,320 --> 00:37:00,640
a weapon or something that can be used

1061
00:37:00,640 --> 00:37:02,640
危险方式使用的东西。而因为我们

1062
00:37:02,640 --> 00:37:05,200
haven't built the defenses now actually

1063
00:37:05,200 --> 00:37:08,560
我们反而更危险了。所以我觉得嗯

1064
00:37:08,560 --> 00:37:10,240
>> 你知道所有这些事都得

1065
00:37:10,240 --> 00:37:12,480
一起发展，AI能够

1066
00:37:12,480 --> 00:37:14,960
发现漏洞、让代码整体上

1067
00:37:14,960 --> 00:37:16,800
overall is a is a positive thing.

1068
00:37:16,800 --> 00:37:18,640
>> 对，我同意。另一件

1069
00:37:18,640 --> 00:37:20,720
有意思的事嗯在

1070
00:37:20,720 --> 00:37:23,280
主权这个话题上，Emirates NBD银行是

1071
00:37:23,280 --> 00:37:25,359
该地区第一家

1072
00:37:25,359 --> 00:37:28,240
run OpenAI models inside the UAE. You

1073
00:37:28,240 --> 00:37:29,839
知道，银行是该地区监管最严的

1074
00:37:29,839 --> 00:37:32,320
实体。所以对他们来说，

1075
00:37:32,320 --> 00:37:34,640
数据、客户数据、交易数据，

1076
00:37:34,640 --> 00:37:36,400
this has to be in the region. If this

1077
00:37:36,400 --> 00:37:38,400
以某种方式用AI处理了，你

1078
00:37:38,400 --> 00:37:39,760
不能就这么把它，你知道，发到

1079
00:37:39,760 --> 00:37:41,520
other to other countries. So I think

1080
00:37:41,520 --> 00:37:42,880
这将是众多案例中的第一个。

1081
00:37:42,880 --> 00:37:44,640
我们详细谈到了重要性的问题

1082
00:37:44,640 --> 00:37:47,359
of sovereignty. It's also much more

1083
00:37:47,359 --> 00:37:49,280
difficult to be fully sovereign. There's

1084
00:37:49,280 --> 00:37:51,200
a lot of investments that have to be

1085
00:37:51,200 --> 00:37:53,040
推动这件事。但我觉得我们会看到

1086
00:37:53,040 --> 00:37:54,480
charge. But I think we're going to see

1087
00:37:54,480 --> 00:37:56,000
more and more companies do that. If you

1088
00:37:56,000 --> 00:37:58,560
>> 并且处理大部分数据，

1089
00:37:58,560 --> 00:38:00,880
>> 那你就不能把智能

1090
00:38:00,880 --> 00:38:02,720
>> then you cannot
afford to outsource that

1091
00:38:02,720 --> 00:38:04,320
>> 好的。所以我脑子里冒出来的问题是

1092
00:38:04,320 --> 00:38:06,240
作为MRS MBD的客户，对吧，第一，我

1093
00:38:06,240 --> 00:38:08,320
会不会看到，你知道，ChatGPT出现在

1094
00:38:08,320 --> 00:38:10,640
应用里？这样我作为客户就能自己创建

1095
00:38:10,640 --> 00:38:12,800
报告，看看我在哪里

1096
00:38:12,800 --> 00:38:14,720
花钱，多少钱花在了

1097
00:38:14,720 --> 00:38:16,800
Kareem、noon等等各种

1098
00:38:16,800 --> 00:38:18,720
不同的餐饮上面。还有就是为什么

1099
00:38:18,720 --> 00:38:21,599
他们选了Open AI而不是Anthropic？比如

1100
00:38:21,599 --> 00:38:24,240
你觉得这个决定的原因

1101
00:38:24,240 --> 00:38:26,560
是什么？

1102
00:38:26,560 --> 00:38:28,000
>> 我觉得原因是 proximity（ proximity）的问题。

1103
00:38:28,000 --> 00:38:29,520
嗯，Open AI在这里有存在感。

1104
00:38:29,520 --> 00:38:31,839
>> 没错。

1105
00:38:31,839 --> 00:38:34,079
proximity. Um Open AI has a presence

1106
00:38:34,079 --> 00:38:34,640
嗯，他们会参与，呃

1107
00:38:34,640 --> 00:38:34,960
>> 对，他们，他们在

1108
00:38:34,960 --> 00:38:37,280
这个地区有大动作，可以说。而且到目前为止

1109
00:38:37,280 --> 00:38:39,599
Anthropic我觉得最近的可能是

1110
00:38:39,599 --> 00:38:42,000
>> yeah they're they're
making big moves in

1111
00:38:42,000 --> 00:38:44,400
the region, let's say. And uh so far

1112
00:38:44,400 --> 00:38:46,480
在这里。显然这个地区的

1113
00:38:46,480 --> 00:38:48,960
主权基金在两家都有股份。

1114
00:38:48,960 --> 00:38:50,400
所以他们是两边都押注。但是嗯

1115
00:38:50,400 --> 00:38:52,640
be here. Obviously the the sovereign

1116
00:38:52,640 --> 00:38:54,800
funds of the region have stakes in both.

1117
00:38:54,800 --> 00:38:57,119
So they're riding both. But um when it

1118
00:38:57,119 --> 00:38:59,440
comes to doing deals with companies here

1119
00:38:59,440 --> 00:39:00,800
you have to be in the region. You have

1120
00:39:00,800 --> 00:39:02,960
to be here. Even if you are OpenAI or

1121
00:39:02,960 --> 00:39:05,760
anthropic 邻近性很重要。所以那就是

1122
00:39:05,760 --> 00:39:07,359
我的猜测。显然我当时不在

1123
00:39:07,359 --> 00:39:09,119
那个房间里，但那大概就是

1124
00:39:09,119 --> 00:39:10,640
发生的事。对，我知道赌博有严格的

1125
00:39:10,640 --> 00:39:12,240
监管，但我很

1126
00:39:12,240 --> 00:39:14,640
想知道 Anthropic

1127
00:39:14,640 --> 00:39:16,720
making or opening an office here in the

1128
00:39:16,720 --> 00:39:18,800
是板上钉钉的事，在

1129
00:39:18,800 --> 00:39:20,800
next three to six months surely. But

1130
00:39:20,800 --> 00:39:22,880
说到 AI 模型，嗯，我不知道

1131
00:39:22,880 --> 00:39:25,520
你有没有在 X 上花过时间，但

1132
00:39:25,520 --> 00:39:28,480
有很多新的替代模型

1133
00:39:28,480 --> 00:39:30,880
相对于 LLM 在过去

1134
00:39:30,880 --> 00:39:32,640
几个月里冒出来，但真正在

1135
00:39:32,640 --> 00:39:33,680
过去几周里，有

1136
00:39:33,680 --> 00:39:35,599
几个发布。呃，你可能听说过

1137
00:39:35,599 --> 00:39:39,440
Jev、World Labs、Newton、AMI、Google
的 Genie。那些不是 LLM，对吧？它们

1138
00:39:39,440 --> 00:39:42,480
不处理文本。它们要么

1139
00:39:42,480 --> 00:39:44,960
在努力理解世界，什么

1140
00:39:44,960 --> 00:39:46,480
striving to understand the world, what

1141
00:39:46,480 --> 00:39:48,079
决策模型。所以，它们用数学

1142
00:39:48,079 --> 00:39:49,760
而不是文字来做决策。而且

1143
00:39:49,760 --> 00:39:52,480
instead of words to make decisions. And

1144
00:39:52,480 --> 00:39:54,079
所有这些背后的基本论点

1145
00:39:54,079 --> 00:39:57,359
呃，这个论点被很多

1146
00:39:57,359 --> 00:39:59,839
uh which is believed by a lot of people

1147
00:39:59,839 --> 00:40:02,480
不会带我们走向 AGI。对，

1148
00:40:02,480 --> 00:40:04,720
因为所有 LLM 能做的就是处理

1149
00:40:04,720 --> 00:40:07,760
文本和媒体，对吧？所以它们是

1150
00:40:07,760 --> 00:40:09,680
多模态的，所以它们能处理视频

1151
00:40:09,680 --> 00:40:11,280
和所有这些。你仍然可以学到

1152
00:40:11,280 --> 00:40:12,800
很多，但你错过了

1153
00:40:12,800 --> 00:40:15,119
理解世界的一大部分，

1154
00:40:15,119 --> 00:40:16,480
>> 对吧？如果你只能看到

1155
00:40:16,480 --> 00:40:19,119
世界的书面记录，而且

1156
00:40:19,119 --> 00:40:20,960
written track record of the world and

1157
00:40:20,960 --> 00:40:22,880
整个书籍集合。它们

1158
00:40:22,880 --> 00:40:24,880
entire collection of books. They

1159
00:40:24,880 --> 00:40:26,640
对它们来说没有太多额外数据了。

1160
00:40:26,640 --> 00:40:28,720
there's not much extra data for them.

1161
00:40:28,720 --> 00:40:32,240
嗯，你想想我们人类，是怎么

1162
00:40:32,240 --> 00:40:34,079
学会做任何事的？我们

1163
00:40:34,079 --> 00:40:36,640
没读过书。我们环顾四周，

1164
00:40:36,640 --> 00:40:39,040
大概模仿了父母，

1165
00:40:39,040 --> 00:40:41,119
就是观察事物。我看着我儿子，

1166
00:40:41,119 --> 00:40:43,760
你知道，就像我现在看我的

1167
00:40:43,760 --> 00:40:45,200
手表，他就在做这个动作。

1168
00:40:45,200 --> 00:40:45,680
>> 对。

1169
00:40:45,680 --> 00:40:47,680
>> So, it's just picking
picking things up,

1170
00:40:47,680 --> 00:40:50,320
对吧？走路、说话、数数，

1171
00:40:50,320 --> 00:40:51,920
主要是靠复制我们的

1172
00:40:51,920 --> 00:40:53,520
环境。所以这些模型在

1173
00:40:53,520 --> 00:40:55,520
做的，基本上就是把传感器

1174
00:40:55,520 --> 00:40:57,599
out in the world or recording what is

1175
00:40:57,599 --> 00:41:00,400
happening to be able to mimic and create

1176
00:41:00,400 --> 00:41:02,640
围绕那个动作的模型。所以现在

1177
00:41:02,640 --> 00:41:04,560
have companies that are putting cameras

1178
00:41:04,560 --> 00:41:07,520
嗯，这样他们就能

1179
00:41:07,520 --> 00:41:09,359
真正看到服务员在做什么，

1180
00:41:09,359 --> 00:41:10,800
因为那不是你

1181
00:41:10,800 --> 00:41:11,920
能通过

1182
00:41:11,920 --> 00:41:13,839
>> 读书学到的东西，对吧？你是通过

1183
00:41:13,839 --> 00:41:15,440
跟随一个知道自己在

1184
00:41:15,440 --> 00:41:17,680
做什么的人来学的。所以你怎么从

1185
00:41:17,680 --> 00:41:19,599
knowledge from the real world or from

1186
00:41:19,599 --> 00:41:21,119
那份工作的人脑子里

1187
00:41:21,119 --> 00:41:22,960
that job and you package that into a

1188
00:41:22,960 --> 00:41:24,960
一个理解世界的模型。所以我

1189
00:41:24,960 --> 00:41:27,440
觉得未来会

1190
00:41:27,440 --> 00:41:30,079
>> um obviously be going beyond the LLM.

1191
00:41:30,079 --> 00:41:31,920
2027 年会是

1192
00:41:31,920 --> 00:41:34,720
替代模型之年，在我看来。嗯，这

1193
00:41:34,720 --> 00:41:36,720
doesn't replace LLMs but it complements

1194
00:41:36,720 --> 00:41:38,240
它们，因为那样你就有来自

1195
00:41:38,240 --> 00:41:40,079
文字世界的知识，你也有

1196
00:41:40,079 --> 00:41:41,680
来自物理世界的知识。如果

1197
00:41:41,680 --> 00:41:43,200
你把它们放在一起，你就开始拥有

1198
00:41:43,200 --> 00:41:45,040
非常非常强大的东西，希望

1199
00:41:45,040 --> 00:41:47,119
能带我们到达

1200
00:41:47,119 --> 00:41:49,280
AGI 的状态。所以，只是我注意到的一件事

1201
00:41:49,280 --> 00:41:51,599
最近。嗯，注意一下那个。而且

1202
00:41:51,599 --> 00:41:53,440
顺便说一句，那些模型，那些

1203
00:41:53,440 --> 00:41:55,680
我们称之为新实验室的，正在拿到

1204
00:41:55,680 --> 00:41:57,359
最大的融资轮，最高的

1205
00:41:57,359 --> 00:41:59,440
估值，因为基础性

1206
00:41:59,440 --> 00:42:02,079
技术，对吧？每个错过了OpenAI和Anthropic的VC都在找

1207
00:42:02,079 --> 00:42:04,240
missed OpenAI Antropic is looking for

1208
00:42:04,240 --> 00:42:05,760
不只是应用层，

1209
00:42:05,760 --> 00:42:07,680
你知道，千亿以上。下一个

1210
00:42:07,680 --> 00:42:09,920
know, 100 billion plus. What is the next

1211
00:42:09,920 --> 00:42:12,160
主要候选，因为他们在

1212
00:42:12,160 --> 00:42:14,160
改变对

1213
00:42:14,160 --> 00:42:18,000
某些东西的方法。

1214
00:42:18,000 --> 00:42:19,599
something.

1215
00:42:19,599 --> 00:42:21,040
>> 你知道还是你觉得我们会

1216
00:42:21,040 --> 00:42:24,400
有一个嗯一种更平庸的本地化

1217
00:42:24,400 --> 00:42:25,760
世界模型？你觉得那有可能

1218
00:42:25,760 --> 00:42:28,000
吗？

1219
00:42:28,000 --> 00:42:29,760
>> 现在很多模型世界模型

1220
00:42:29,760 --> 00:42:32,240
更多是行业特定的。好吧。所以

1221
00:42:32,240 --> 00:42:34,800
你会有一个模型嗯比如Newton

1222
00:42:34,800 --> 00:42:37,839
来自Archetype AI嗯一些非常

1223
00:42:37,839 --> 00:42:39,599
聪明的人以前在Google

1224
00:42:39,599 --> 00:42:42,079
they focus mainly on manufacturing use

1225
00:42:42,079 --> 00:42:44,160
例。所以他们会去嗯

1226
00:42:44,160 --> 00:42:46,240
manufacturing plant or you know any of

1227
00:42:46,240 --> 00:42:48,800
那些工业区域，他们会

1228
00:42:48,800 --> 00:42:51,200
put sensors on some of the machinery so

1229
00:42:51,200 --> 00:42:53,359
他们能追踪物体的运动，基于

1230
00:42:53,359 --> 00:42:55,200
那个他们会建一个模型

1231
00:42:55,200 --> 00:42:57,520
基于物理的模型，然后你可以

1232
00:42:57,520 --> 00:42:59,839
用它来预测

1233
00:42:59,839 --> 00:43:02,160
certain components. um you know things

1234
00:43:02,160 --> 00:43:04,240
你根本找不到文献

1235
00:43:04,240 --> 00:43:05,200
的东西。非常有趣。

1236
00:43:05,200 --> 00:43:07,040
>> 所以这是特定于那个的。有

1237
00:43:07,040 --> 00:43:11,760
模型特定于嗯对对嗯

1238
00:43:11,760 --> 00:43:13,760
更快的决策，比如当

1239
00:43:13,760 --> 00:43:16,079
谈判合同的时候。所以目前

1240
00:43:16,079 --> 00:43:18,319
大多数模型都非常

1241
00:43:18,319 --> 00:43:21,920
垂直化了嗯，我觉得你知道

1242
00:43:21,920 --> 00:43:24,160
will remain to see who who comes first

1243
00:43:24,160 --> 00:43:27,520
在这个地区，并且能够嗯把它做成

1244
00:43:27,520 --> 00:43:29,119
真正成为一个区域模式。

1245
00:43:29,119 --> 00:43:30,480
>> That's very exciting. It's going to be

1246
00:43:30,480 --> 00:43:32,319
有意思看看这怎么发展。

1247
00:43:32,319 --> 00:43:35,280
>> 大力推动AI。迪拜刚刚

1248
00:43:35,280 --> 00:43:36,800
宣布他们正在把代理式

1249
00:43:36,800 --> 00:43:40,160
AI into 14,000 companies. Wow. And 11

1250
00:43:40,160 --> 00:43:41,760
big companies in the region, the

1251
00:43:41,760 --> 00:43:44,560
Emirates, DP World, AA Clinic, they've

1252
00:43:44,560 --> 00:43:47,920
已经签约使用AI了。是的。嗯

1253
00:43:47,920 --> 00:43:50,240
the the news actually mentioned uh that

1254
00:43:50,240 --> 00:43:53,440
Dubai Chambers is signing two companies,

1255
00:43:53,440 --> 00:43:56,480
Nibius Academy和Lovable，基本上

1256
00:43:56,480 --> 00:43:58,560
把他们的产品推广到那14000家

1257
00:43:58,560 --> 00:44:00,720
companies. So again, a great example of

1258
00:44:00,720 --> 00:44:02,480
说明当政府参与进来

1259
00:44:02,480 --> 00:44:05,040
here, things can go really fast and

1260
00:44:05,040 --> 00:44:06,480
他们在推动正确的方向。

1261
00:44:06,480 --> 00:44:08,000
>> 是的。我可以 firsthand 告诉你，

1262
00:44:08,000 --> 00:44:10,640
team at Dubai Chambers um or all of the

1263
00:44:10,640 --> 00:44:13,119
围绕迪拜商会的实体

1264
00:44:13,119 --> 00:44:15,920
都是非常非常聪明的人

1265
00:44:15,920 --> 00:44:19,200
而且非常呃有推动力，行动很快

1266
00:44:19,200 --> 00:44:21,359
在AI的采用方面。我觉得这

1267
00:44:21,359 --> 00:44:22,720
is one of the most exciting things for

1268
00:44:22,720 --> 00:44:24,720
如果你是AI创始人想要

1269
00:44:24,720 --> 00:44:26,319
建立甚至想要扩展到

1270
00:44:26,319 --> 00:44:28,400
这个地区。购买意向，

1271
00:44:28,400 --> 00:44:30,800
采用意向，尝试的意愿。

1272
00:44:30,800 --> 00:44:31,119
Y

1273
00:44:31,119 --> 00:44:32,480
>> is hugely exciting

1274
00:44:32,480 --> 00:44:34,319
>> and the programs that you can plug into

1275
00:44:34,319 --> 00:44:36,319
来加速那个增长。对。

1276
00:44:36,319 --> 00:44:40,079
Shik Hamden的计划是瞄准295000

1277
00:44:40,079 --> 00:44:41,599
companies. I don't know why they didn't

1278
00:44:41,599 --> 00:44:45,040
凑整到300，但呃是295000

1279
00:44:45,040 --> 00:44:47,839
companies, 100 specialized AI assistant.

1280
00:44:47,839 --> 00:44:50,240
嗯所以再次，一切都是量化的

1281
00:44:50,240 --> 00:44:52,160
我们正朝着实现那一点努力

1282
00:44:52,160 --> 00:44:54,160
让它随着时间发生，这是第一

1283
00:44:54,160 --> 00:44:55,599
个宣布，后面还有很多。

1284
00:44:55,599 --> 00:44:59,119
>> Do you see that? Mron was in town.

1285
00:44:59,119 --> 00:45:00,240
>> 我，我都不打算试着

1286
00:45:00,240 --> 00:45:02,560
用你的方式去念那个名字，但是嗯我

1287
00:45:02,560 --> 00:45:04,480
did see that Macron was in town and I

1288
00:45:04,480 --> 00:45:06,800
确实想过他是不是来，呃，来

1289
00:45:06,800 --> 00:45:08,480
庆祝你最近买的那辆漂亮的新车。

1290
00:45:08,480 --> 00:45:11,280
嗯，但是我们，呃，我们

1291
00:45:11,280 --> 00:45:12,079
keeping that

1292
00:45:12,079 --> 00:45:13,359
>> 他没抽时间见我。我邀请

1293
00:45:13,359 --> 00:45:13,920
他了但是

1294
00:45:13,920 --> 00:45:14,880
>> 他不想见你。

1295
00:45:14,880 --> 00:45:15,680
>> 不，他没回复。

1296
00:45:15,680 --> 00:45:16,960
>> 我不明白为什么。

1297
00:45:16,960 --> 00:45:18,880
>> 我觉得他有很多重要的事

1298
00:45:18,880 --> 00:45:21,920
to do um inside the country and outside.

1299
00:45:21,920 --> 00:45:23,680
So let's speak first about what he was

1300
00:45:23,680 --> 00:45:25,680
这里是干什么的。对，很明显这趟主要是

1301
00:45:25,680 --> 00:45:28,720
mainly about AI and energy. Um,

1302
00:45:28,720 --> 00:45:31,920
basically Mron and um and the government

1303
00:45:31,920 --> 00:45:34,480
签了一堆协议。一个

1304
00:45:34,480 --> 00:45:37,040
跟嗯MBZ大学。对。另一个

1305
00:45:37,040 --> 00:45:40,240
跟G42。他们还带来了AM labs，

1306
00:45:40,240 --> 00:45:43,920
which is a world model actually built by

1307
00:45:43,920 --> 00:45:46,480
杨·勒昆打造的，他以前在

1308
00:45:46,480 --> 00:45:49,119
Facebook也就是Meta领导AI。嗯他们

1309
00:45:49,119 --> 00:45:51,520
billion dollars in seed and they also

1310
00:45:51,520 --> 00:45:54,160
还跟阿布扎比政府签了意向书。

1311
00:45:54,160 --> 00:45:57,040
嗯主要原因是主要

1312
00:45:57,040 --> 00:46:00,079
目的很明显就是拿资本。

1313
00:46:00,079 --> 00:46:02,560
所以在法国我们正在建campus AI，

1314
00:46:02,560 --> 00:46:05,520
那也是我们自己的数据中心，

1315
00:46:05,520 --> 00:46:08,319
is targeting over a gawatt of power 1.4

1316
00:46:08,319 --> 00:46:12,560
gawatt that's $50 billion and so the UAE

1317
00:46:12,560 --> 00:46:14,960
MGX基本上会部分

1318
00:46:14,960 --> 00:46:15,839
资助这个。

1319
00:46:15,839 --> 00:46:18,000
>> Yeah. Um, which is which is exciting.

1320
00:46:18,000 --> 00:46:20,640
但我觉得它勾勒出的是

1321
00:46:20,640 --> 00:46:23,040
>> is that the AI is not just technology

1322
00:46:23,040 --> 00:46:23,920
不再是了。不，

1323
00:46:23,920 --> 00:46:28,079
>> AI is basically weaving into politics,

1324
00:46:28,079 --> 00:46:31,119
into energy, of course. And so it the

1325
00:46:31,119 --> 00:46:33,359
stakes are so big that now it's not just

1326
00:46:33,359 --> 00:46:35,040
私营部门的企业家

1327
00:46:35,040 --> 00:46:36,800
在互相打交道了。

1328
00:46:36,800 --> 00:46:38,560
Yeah. It has to go to the head of

1329
00:46:38,560 --> 00:46:40,480
states. Yeah. Right. Because the race to

1330
00:46:40,480 --> 00:46:42,800
竞赛就是能源竞赛。我们已经

1331
00:46:42,800 --> 00:46:44,560
聊过这个了。你想想

1332
00:46:44,560 --> 00:46:47,680
why the UAE is staying that aligned with

1333
00:46:47,680 --> 00:46:49,200
正在发生的地缘政治事件时

1334
00:46:49,200 --> 00:46:52,319
仍然跟美国保持那么紧密的

1335
00:46:52,319 --> 00:46:54,560
>> 我猜这跟

1336
00:46:54,560 --> 00:46:58,000
access to GPUs, right? And the the GPU

1337
00:46:58,000 --> 00:47:01,200
是现在最抢手的商品。它

1338
00:47:01,200 --> 00:47:02,960
简直就是新黄金。你知道，

1339
00:47:02,960 --> 00:47:04,960
数据曾经是新黄金、新石油

1340
00:47:04,960 --> 00:47:07,599
什么的。现在变成了算力。嗯，

1341
00:47:07,599 --> 00:47:10,240
and after that, the US moved the UAE

1342
00:47:10,240 --> 00:47:12,560
移到了一个新的出口组。我明白了。

1343
00:47:12,560 --> 00:47:14,640
>> 这样就让他们更容易

1344
00:47:14,640 --> 00:47:17,359
to export GPUs to the UAE. The whole

1345
00:47:17,359 --> 00:47:19,599
地区，中东地区都是D级，

1346
00:47:19,599 --> 00:47:21,680
从这里很难从美国进口任何东西。

1347
00:47:21,680 --> 00:47:23,440
所有这些，你知道，贵金属、

1348
00:47:23,440 --> 00:47:26,319
大宗商品还有嗯还有GPU。

1349
00:47:26,319 --> 00:47:29,520
And now UA is a tier, which is Europe

1350
00:47:29,520 --> 00:47:32,480
一个级别，非常容易吸引呃

1351
00:47:32,480 --> 00:47:35,040
进口GPU。对。所以所有这些

1352
00:47:35,040 --> 00:47:38,160
现在在我们领导人心里都很重要，

1353
00:47:38,160 --> 00:47:40,319
当他们考虑你知道该采取什么

1354
00:47:40,319 --> 00:47:43,280
行动的时候。现在AI、算力、能源获取、

1355
00:47:43,280 --> 00:47:45,200
建设下一个数据中心所需的资金获取

1356
00:47:45,200 --> 00:47:46,720
都在他们心上。这是

1357
00:47:46,720 --> 00:47:47,599
谈判的一部分。

1358
00:47:47,599 --> 00:47:48,720
>> Completely agree and I think you know

1359
00:47:48,720 --> 00:47:50,720
我们经常谈论这个，把它看作

1360
00:47:50,720 --> 00:47:52,160
你知道的下一次工业

1361
00:47:52,160 --> 00:47:53,839
革命。在

1362
00:47:53,839 --> 00:47:55,599
工业革命期间发生的是，你有你

1363
00:47:55,599 --> 00:47:57,680
成熟的经济体和国

1364
00:47:57,680 --> 00:47:59,359
basically funding the industrial

1365
00:47:59,359 --> 00:48:01,599
工业发展，并

1366
00:48:01,599 --> 00:48:03,440
最终拥有那些资产。我们

1367
00:48:03,440 --> 00:48:05,040
现在看到这在AI上重演，对吧？

1368
00:48:05,040 --> 00:48:05,839
认知革命。

1369
00:48:05,839 --> 00:48:07,280
>> 我觉得，对，没错。我觉得

1370
00:48:07,280 --> 00:48:09,280
这就是为什么看到这

1371
00:48:09,280 --> 00:48:10,960
笔已达成的交易很有意思，也

1372
00:48:10,960 --> 00:48:13,520
看到大量的主权和

1373
00:48:13,520 --> 00:48:14,960
你知道的中东资本

1374
00:48:14,960 --> 00:48:16,240
然后回流到

1375
00:48:16,240 --> 00:48:18,480
整个欧洲的基础设施建设中

1376
00:48:18,480 --> 00:48:20,240
也是如此。所以对，我觉得这是一个

1377
00:48:20,240 --> 00:48:22,160
会持续的趋势。嗯，

1378
00:48:22,160 --> 00:48:24,079
会很有意思看看英国

1379
00:48:24,079 --> 00:48:25,920
能做什么来回应这个，以及是否

1380
00:48:25,920 --> 00:48:28,160
有什么计划，嗯，为了为了为了

1381
00:48:28,160 --> 00:48:29,200
在那里建设这个。

1382
00:48:29,200 --> 00:48:31,599
>> 对，绝对。嗯，要给

1383
00:48:31,599 --> 00:48:34,240
to Makon, his uh over his mandate, he

1384
00:48:34,240 --> 00:48:36,000
确实为早期

1385
00:48:36,000 --> 00:48:38,160
融资做了很多好事。你知道，欧洲早期

1386
00:48:38,160 --> 00:48:40,880
融资的中心过去是英国，遥遥

1387
00:48:40,880 --> 00:48:42,800
far, raising three, four times more than

1388
00:48:42,800 --> 00:48:44,480
三到四倍。这就是为什么我在伦敦

1389
00:48:44,480 --> 00:48:46,800
my first company in London. And now, uh

1390
00:48:46,800 --> 00:48:50,000
Paris and France is actually higher when

1391
00:48:50,000 --> 00:48:52,880
>> the super early stage may not still be

1392
00:48:52,880 --> 00:48:54,960
最强的，但A轮及

1393
00:48:54,960 --> 00:48:57,280
以上，法国在

1394
00:48:57,280 --> 00:48:59,200
be for for Europe, for his capital in

1395
00:48:59,200 --> 00:49:01,359
欧洲而言。所以干得好。那是，呃，那是

1396
00:49:01,359 --> 00:49:04,400
太不可思议了。嗯，但正面临，我们

1397
00:49:04,400 --> 00:49:06,160
facing other other challenges. Obviously

1398
00:49:06,160 --> 00:49:08,240
如你所知我是法国人，呃，

1399
00:49:08,240 --> 00:49:10,319
我们现在在媒体和

1400
00:49:10,319 --> 00:49:13,280
online right now is um is pretty um you

1401
00:49:13,280 --> 00:49:14,800
知道吗，法国现在发生的事真是场悲剧。

1402
00:49:14,800 --> 00:49:16,319
不知道你看没看到，但我们上周

1403
00:49:16,319 --> 00:49:18,559
聊过一点那个。不过阿布扎比现在

1404
00:49:18,559 --> 00:49:19,920
在把他们政府的平台TAM产品化。嗯，

1405
00:49:19,920 --> 00:49:22,319
搞得我都有点想住阿布扎比了。

1406
00:49:22,319 --> 00:49:25,119
government platform TAM. Um kind of

1407
00:49:25,119 --> 00:49:26,800
政府服务平台，我记得把14000，

1408
00:49:26,800 --> 00:49:28,480
抱歉是1400项政府服务整合到了一起。

1409
00:49:28,480 --> 00:49:30,079
设计得非常好。我们聊过

1410
00:49:30,079 --> 00:49:32,880
America.gov。

1411
00:49:32,880 --> 00:49:35,599
government services into one. It's very

1412
00:49:35,599 --> 00:49:37,200
well designed. We talked about

1413
00:49:37,200 --> 00:49:38,720
而不是老派的政府服务。

1414
00:49:38,720 --> 00:49:40,559
It kind of has the same look and feel

1415
00:49:40,559 --> 00:49:42,720
交通这些。你在上面什么都能做。

1416
00:49:42,720 --> 00:49:44,800
就是你在阿布扎比整个生活的一站式

1417
00:49:44,800 --> 00:49:47,200
服务。哇。而且他们现在在把它产品化，

1418
00:49:47,200 --> 00:49:48,800
things like healthcare, housing,

1419
00:49:48,800 --> 00:49:50,160
想数字化的政府。

1420
00:49:50,160 --> 00:49:52,800
>> 是啊，那真挺有意思的。他们

1421
00:49:52,800 --> 00:49:55,599
有没有多谈过，从政府的角度

1422
00:49:55,599 --> 00:49:57,760
有谁，如果有人，想成为

1423
00:49:57,760 --> 00:49:59,839
这个的客户？我特别想知道

1424
00:49:59,839 --> 00:50:01,920
哪些政府在考虑这个，觉得

1425
00:50:01,920 --> 00:50:03,359
>> Yeah, that's really interesting. Have

1426
00:50:03,359 --> 00:50:06,720
他们打造这个产品的方式

1427
00:50:06,720 --> 00:50:08,400
就是你应该怎么做这些事的

1428
00:50:08,400 --> 00:50:10,319
标杆。

1429
00:50:10,319 --> 00:50:11,920
>> 是啊。不，我觉得这个没

1430
00:50:11,920 --> 00:50:14,160
提到，但感觉，你知道，

1431
00:50:14,160 --> 00:50:16,240
你可以去亚洲的国家，嗯，

1432
00:50:16,240 --> 00:50:17,440
也许还有非洲，那些真的

1433
00:50:17,440 --> 00:50:19,520
想快速现代化的国家。他们

1434
00:50:19,520 --> 00:50:21,280
就是没有基础设施，而且

1435
00:50:21,280 --> 00:50:22,640
>> Yeah. No, I don't think this was

1436
00:50:22,640 --> 00:50:24,000
mentioned, but it feels like, you know,

1437
00:50:24,000 --> 00:50:26,960
you could go to countries in Asia, uh

1438
00:50:26,960 --> 00:50:29,200
maybe possibly Africa, countries that

1439
00:50:29,200 --> 00:50:30,880
really want to modernize quickly. They

1440
00:50:30,880 --> 00:50:32,160
just don't have the infrastructure and

1441
00:50:32,160 --> 00:50:34,079
就是那些技术诀窍。对。然后你基本上就能得到

1442
00:50:34,079 --> 00:50:35,920
这些交钥匙产品。你得把你所有的

1443
00:50:35,920 --> 00:50:38,079
系统和服务都接进去。嗯，但

1444
00:50:38,079 --> 00:50:40,000
这挺有意思的。 again，这

1445
00:50:40,000 --> 00:50:42,880
说明政府是在做生意的

1446
00:50:42,880 --> 00:50:44,640
生意，对吧？他们

1447
00:50:44,640 --> 00:50:46,400
是想赚钱的。我觉得

1448
00:50:46,400 --> 00:50:48,319
这就是，你知道，当你

1449
00:50:48,319 --> 00:50:50,800
没有税收，当你不收税的时候

1450
00:50:50,800 --> 00:50:52,960
you kind of have to fight for your

1451
00:50:52,960 --> 00:50:54,559
你就得为吃饭去拼

1452
00:50:54,559 --> 00:50:56,640
一样。这就是为什么政府，这

1453
00:50:56,640 --> 00:50:59,040
是我的理论，政府之所以这么

1454
00:50:59,040 --> 00:51:01,359
entrepreneurial and they have to do

1455
00:51:01,359 --> 00:51:03,119
deals. They have to do things because

1456
00:51:03,119 --> 00:51:04,960
他们并没有真正稳定的

1457
00:51:04,960 --> 00:51:07,119
of income. You know if the oil revenue

1458
00:51:07,119 --> 00:51:09,040
goes down they go down. They have to

1459
00:51:09,040 --> 00:51:11,040
find just like any other company. They

1460
00:51:11,040 --> 00:51:12,480
have to find revenue streams. They have

1461
00:51:12,480 --> 00:51:14,720
to find ways to monetize. And so this is

1462
00:51:14,720 --> 00:51:16,559
就是为什么他们现在把东西产品化

1463
00:51:16,559 --> 00:51:18,480
并且真的把它卖给世界

1464
00:51:18,480 --> 00:51:20,000
parts of the world. I think this is this

1465
00:51:20,000 --> 00:51:21,040
太棒了。

1466
00:51:21,040 --> 00:51:22,400
>> I think it's really exciting. And I

1467
00:51:22,400 --> 00:51:24,000
觉得，你知道，这里

1468
00:51:24,000 --> 00:51:26,160
有意思的指标是，你知道，从

1469
00:51:26,160 --> 00:51:28,559
a a GDP perspective or or even looking

1470
00:51:28,559 --> 00:51:30,880
at exports you know what percentage of

1471
00:51:30,880 --> 00:51:33,119
exports from the UAE are actually now

1472
00:51:33,119 --> 00:51:35,760
是来自技术而不是石油。我觉得这

1473
00:51:35,760 --> 00:51:37,119
会是一个很有意思的分析

1474
00:51:37,119 --> 00:51:39,200
to run and actually where is this

1475
00:51:39,200 --> 00:51:41,920
随着时间往哪走，因为你知道

1476
00:51:41,920 --> 00:51:43,200
government initiatives to bring

1477
00:51:43,200 --> 00:51:45,119
引进这个地区的举措

1478
00:51:45,119 --> 00:51:46,400
正在建设的基础设施量

1479
00:51:46,400 --> 00:51:48,480
我们现在谈论的、就在这个

1480
00:51:48,480 --> 00:51:50,240
地区的人才，我

1481
00:51:50,240 --> 00:51:52,240
保证趋势线是那个

1482
00:51:52,240 --> 00:51:54,000
出口总值中来自

1483
00:51:54,000 --> 00:51:55,920
科技的比例显著

1484
00:51:55,920 --> 00:51:57,599
增长，而且增长速度

1485
00:51:57,599 --> 00:52:00,480
远高于石油出口。

1486
00:52:00,480 --> 00:52:03,200
>> 好，让我快速查一下。所以

1487
00:52:03,200 --> 00:52:05,839
呃，数字服务和技术

1488
00:52:05,839 --> 00:52:08,720
一年大概330亿出口额，这

1489
00:52:08,720 --> 00:52:11,200
占总出口的6.5%。

1490
00:52:11,200 --> 00:52:12,720
>> 呃，我记得有个战略，他们

1491
00:52:12,720 --> 00:52:15,359
想到2030年把这个比例提到10%以上，

1492
00:52:15,359 --> 00:52:16,160
凭记忆说的。

1493
00:52:16,160 --> 00:52:17,599
>> 是啊，我明白为什么那会是个大

1494
00:52:17,599 --> 00:52:19,599
goal. Um it's exciting though and I can

1495
00:52:19,599 --> 00:52:21,760
想象那个趋势线。呃，

1496
00:52:21,760 --> 00:52:23,440
我相信我们能做更好的研究

1497
00:52:23,440 --> 00:52:25,280
来看看这个趋势线随时间

1498
00:52:25,280 --> 00:52:26,240
的变化，因为我觉得那会

1499
00:52:26,240 --> 00:52:26,960
exciting.

1500
00:52:26,960 --> 00:52:28,640
>> 是啊。嗯，我确实知道呃，如果

1501
00:52:28,640 --> 00:52:30,960
你跟周边国家比

1502
00:52:30,960 --> 00:52:33,119
um UA is definitely leading the pack,

1503
00:52:33,119 --> 00:52:34,559
but other countries, they all have

1504
00:52:34,559 --> 00:52:36,400
数字战略。他们都想让，

1505
00:52:36,400 --> 00:52:38,079
你知道，数字服务在接下来

1506
00:52:38,079 --> 00:52:40,160
between 10 and 15% within the next

1507
00:52:40,160 --> 00:52:40,960
>> 是啊。好。然后这周我们

1508
00:52:40,960 --> 00:52:43,760
看到的一些最疯狂的新闻。呃，

1509
00:52:43,760 --> 00:52:46,880
跟我说说这个不寻常的气味，

1510
00:52:46,880 --> 00:52:49,440
tell me about this unusual odor that's

1511
00:52:49,440 --> 00:52:52,880
>> 我读了这篇文章。我当时在找

1512
00:52:52,880 --> 00:52:54,559
别的东西，然后我就落到这个页面上，

1513
00:52:54,559 --> 00:52:56,720
something else and I I land on this page

1514
00:52:56,720 --> 00:52:59,280
as police reassures residents over

1515
00:52:59,280 --> 00:53:02,640
什么都没闻到，但我觉得

1516
00:53:02,640 --> 00:53:05,119
>> 如果你在外面闻到什么奇怪的东西，

1517
00:53:05,119 --> 00:53:06,079
你知道还得警察来告诉你

1518
00:53:06,079 --> 00:53:08,559
一切正常。感觉有点

1519
00:53:08,559 --> 00:53:10,240
you know the police is needed to tell

1520
00:53:10,240 --> 00:53:13,119
you that everything is okay. It feels a

1521
00:53:13,119 --> 00:53:14,880
bit worrying. I don't know what it could

1522
00:53:14,880 --> 00:53:17,359
be but um maybe some factories or

1523
00:53:17,359 --> 00:53:18,160
什么的。我不知道。

1524
00:53:18,160 --> 00:53:19,760
>> 好吧，盯着点，因为你呃

1525
00:53:19,760 --> 00:53:21,680
你住得离Shar那边更远。你开玩笑

1526
00:53:21,680 --> 00:53:23,440
说我住在阿布扎比附近，但是啊，

1527
00:53:23,440 --> 00:53:25,280
我们住的那片闻不到。

1528
00:53:25,280 --> 00:53:25,760
所以，是啊。

1529
00:53:25,760 --> 00:53:27,520
>> 是啊，那味道没飘那么远。

1530
00:53:27,520 --> 00:53:29,440
>> No, exactly. We're
totally We're totally

1531
00:53:29,440 --> 00:53:31,680
没事。我想聊聊Tesla

1532
00:53:31,680 --> 00:53:34,079
Roadster。呃因为这事儿到处

1533
00:53:34,079 --> 00:53:34,720
都是。而且

1534
00:53:34,720 --> 00:53:35,920
>> 聊聊产品演示吧。

1535
00:53:35,920 --> 00:53:38,559
>> 我们都喜欢车，对吧？嗯而且我们

1536
00:53:38,559 --> 00:53:42,160
both car fans. Um firstly, do you think

1537
00:53:42,160 --> 00:53:44,000
that this is all hype? I've seen some

1538
00:53:44,000 --> 00:53:46,720
报道了。我看到X上有帖子说

1539
00:53:46,720 --> 00:53:49,839
这就是个车架，一辆特技车，里面

1540
00:53:49,839 --> 00:53:51,599
was probably inside just completely

1541
00:53:51,599 --> 00:53:53,839
filled with there's no seats in there.

1542
00:53:53,839 --> 00:53:55,520
什么的。对吧。这显然不是

1543
00:53:55,520 --> 00:53:57,119
量产车。你怎么

1544
00:53:57,119 --> 00:53:59,040
看？

1545
00:53:59,040 --> 00:54:00,000
>> 呃你可以订的时候带

1546
00:54:00,000 --> 00:54:01,920
推进器。

1547
00:54:01,920 --> 00:54:03,119
>> 你可以订带推进器的。现在

1548
00:54:03,119 --> 00:54:04,559
迪拜 actually 就能订。你可以

1549
00:54:04,559 --> 00:54:06,319
上Tesla网站交

1550
00:54:06,319 --> 00:54:08,960
定金。我觉得是 对。200

1551
00:54:08,960 --> 00:54:10,880
20万迪拉姆。

1552
00:54:10,880 --> 00:54:12,079
>> 好吧。嗯，你可以 你可以把

1553
00:54:12,079 --> 00:54:14,160
名字放上去。而且你有选项。你

1554
00:54:14,160 --> 00:54:15,599
有性能版，就是，

1555
00:54:15,599 --> 00:54:17,680
你知道，已经快得离谱了，但

1556
00:54:17,680 --> 00:54:19,440
没有推进器。你可以

1557
00:54:19,440 --> 00:54:21,440
要带尾部推进器的。

1558
00:54:21,440 --> 00:54:23,359
所以，这就是为了从0

1559
00:54:23,359 --> 00:54:25,920
加速到每小时6英里，不到一

1560
00:54:25,920 --> 00:54:28,079
to 6 miles per hour in less than a

1561
00:54:28,079 --> 00:54:29,839
等一下。然后你就有那个选项

1562
00:54:29,839 --> 00:54:32,319
that is invite only. This one has the

1563
00:54:32,319 --> 00:54:34,319
有推进器。所以，这车

1564
00:54:34,319 --> 00:54:36,319
actually can actually jump. It does say

1565
00:54:36,319 --> 00:54:39,680
那个，你知道，那个那个那个还没

1566
00:54:39,680 --> 00:54:41,520
基本上准备好上路。

1567
00:54:41,520 --> 00:54:43,599
可以理解，对吧？对对对。

1568
00:54:43,599 --> 00:54:45,359
我觉得如果他们能直接推出

1569
00:54:45,359 --> 00:54:46,480
嗯马上，

1570
00:54:46,480 --> 00:54:48,640
>> 你看这个，车跳过了

1571
00:54:48,640 --> 00:54:50,160
那个塞莱。

1572
00:54:50,160 --> 00:54:51,920
>> 所以，我看到这个产品演示时

1573
00:54:51,920 --> 00:54:53,680
第一个想法是，好吧，迪拜的人

1574
00:54:53,680 --> 00:54:54,960
会拿它来干嘛？呃让我们放一下片段因为这就是

1575
00:54:54,960 --> 00:54:56,880
100%会发生的事。

1576
00:54:56,880 --> 00:55:00,920
现在，你需要多少年跳

1577
00:55:05,040 --> 00:55:07,599
过那座桥才能弥补车子

1578
00:55:07,599 --> 00:55:10,400
额外的成本？呃，加上推进器

1579
00:55:10,400 --> 00:55:12,319
会相当贵。但

1580
00:55:12,319 --> 00:55:13,920
它基本上有一个，它有一个罐子，200

1581
00:55:13,920 --> 00:55:16,319
升的罐子在后面。所以，前面有

1582
00:55:16,319 --> 00:55:18,160
两个座位，后面没有

1583
00:55:18,160 --> 00:55:19,520
座位。那个罐子在你开车的

1584
00:55:19,520 --> 00:55:21,920
back. And that tank replenishes as you

1585
00:55:21,920 --> 00:55:24,079
推回去。这是SpaceX

1586
00:55:24,079 --> 00:55:25,680
用的同样的技术，这大概是

1587
00:55:25,680 --> 00:55:28,559
特斯拉和SpaceX之间第一次真正的

1588
00:55:28,559 --> 00:55:30,240
合作。这就引出了

1589
00:55:30,240 --> 00:55:32,480
下一个话题。你觉得

1590
00:55:32,480 --> 00:55:34,640
next topic. What do you think the odds

1591
00:55:34,640 --> 00:55:36,880
几率有多大？

1592
00:55:36,880 --> 00:55:38,319
>> 这很有意思。对，我觉得

1593
00:55:38,319 --> 00:55:40,000
这是大家都应该

1594
00:55:40,000 --> 00:55:41,839
this is a topic that everyone should be

1595
00:55:41,839 --> 00:55:43,599
我觉得让我们再往外推一点

1596
00:55:43,599 --> 00:55:45,680
I think let's extrapolate out a little

1597
00:55:45,680 --> 00:55:47,200
城市出行到底

1598
00:55:47,200 --> 00:55:49,280
是什么样子的？

1599
00:55:49,280 --> 00:55:51,119
整个出行是什么

1600
00:55:51,119 --> 00:55:53,040
What does mobility in its entirety look

1601
00:55:53,040 --> 00:55:55,200
对吧？我们作为人类要怎么

1602
00:55:55,200 --> 00:55:56,960
在地球和

1603
00:55:56,960 --> 00:55:58,480
另一个星球之间生活？你知道，

1604
00:55:58,480 --> 00:55:59,760
这些问题都会

1605
00:55:59,760 --> 00:56:02,240
冒出来。你亲身经历过，对吧，

1606
00:56:02,240 --> 00:56:05,599
F1里的技术，那种顶级的、

1607
00:56:05,599 --> 00:56:07,760
你知道，赛车运动条件下的技术

1608
00:56:07,760 --> 00:56:09,680
最终会下放到民用车上，对吧？

1609
00:56:09,680 --> 00:56:11,599
我不是说会用到我们的

1610
00:56:11,599 --> 00:56:14,079
家用车上。大概不会。但说到底，

1611
00:56:14,079 --> 00:56:15,839
当我们在推动

1612
00:56:15,839 --> 00:56:17,680
创新的极限边界时，

1613
00:56:17,680 --> 00:56:19,520
不管是为了

1614
00:56:19,520 --> 00:56:21,280
比赛目的，还是为了

1615
00:56:21,280 --> 00:56:24,079
纯粹的，你知道，太空探索，

1616
00:56:24,079 --> 00:56:25,920
这些技术最终就是会随着时间

1617
00:56:25,920 --> 00:56:28,480
推动人类进步。所以我觉得这是件

1618
00:56:28,480 --> 00:56:30,160
净正面的事，对吧？肯定是，

1619
00:56:30,160 --> 00:56:31,119
你知道，说到底，如果

1620
00:56:31,119 --> 00:56:33,200
他们把呃 SpaceX的技术

1621
00:56:33,200 --> 00:56:34,640
放到车里，

1622
00:56:34,640 --> 00:56:36,400
>> 我觉得那会是个巨大的

1623
00:56:36,400 --> 00:56:38,880
win. Um, I actually got sent a video by

1624
00:56:38,880 --> 00:56:41,200
我呃我二哥发来的一个视频。他

1625
00:56:41,200 --> 00:56:42,559
现在在美国，他

1626
00:56:42,559 --> 00:56:44,480
第一次坐了特斯拉的出租车，

1627
00:56:44,480 --> 00:56:47,040
就是那个。Cyber Cab，那个

1628
00:56:47,040 --> 00:56:48,480
显然没有方向盘的

1629
00:56:48,480 --> 00:56:49,359
>> 在奥斯汀。

1630
00:56:49,359 --> 00:56:50,799
>> 对，是的。对，我觉得是。对。

1631
00:56:50,799 --> 00:56:52,799
所以，有意思的地方在于，

1632
00:56:52,799 --> 00:56:54,720
任何坐过

1633
00:56:54,720 --> 00:56:56,559
Whimo的人，坐过任何 kind of 自动驾驶

1634
00:56:56,559 --> 00:56:58,079
车辆的人，你大概都会

1635
00:56:58,079 --> 00:57:00,000
问自己一个问题，这

1636
00:57:00,000 --> 00:57:02,400
会怎么改变我们造车

1637
00:57:02,400 --> 00:57:05,040
和用车的方式？嗯，

1638
00:57:05,040 --> 00:57:06,480
显然，我们试过去找

1639
00:57:06,480 --> 00:57:08,720
迪拜的无人驾驶舱。那段

1640
00:57:08,720 --> 00:57:11,440
片段我们留着以后再说。呃，但你知道，

1641
00:57:11,440 --> 00:57:13,839
这会让你问一个问题，我们将来

1642
00:57:13,839 --> 00:57:16,160
会有两个座位，两个座位，还有一个

1643
00:57:16,160 --> 00:57:17,760
方向盘吗？

1644
00:57:17,760 --> 00:57:18,960
>> 我不认为那会是

1645
00:57:18,960 --> 00:57:20,480
我们未来造车的方式。不可能

1646
00:57:20,480 --> 00:57:20,720
绝对不可能。

1647
00:57:20,720 --> 00:57:22,000
>> 这是一辆精简版的车。我是说，

1648
00:57:22,000 --> 00:57:24,480
the car the cyber cap costs like $20,000

1649
00:57:24,480 --> 00:57:26,480
对吧？所有所有的

1650
00:57:26,480 --> 00:57:28,960
方向，呃，你驾驶的方式，所有的

1651
00:57:28,960 --> 00:57:30,400
那些都被去掉了。你有更多

1652
00:57:30,400 --> 00:57:32,400
space and it's just fully automated by

1653
00:57:32,400 --> 00:57:34,799
AI. So, you actually save a lot of uh a

1654
00:57:34,799 --> 00:57:37,200
多成本。而且嗯是的，如果你想想

1655
00:57:37,200 --> 00:57:39,280
Elon 是怎么像这样统筹

1656
00:57:39,280 --> 00:57:42,160
this whole empire of companies,

1657
00:57:42,160 --> 00:57:45,440
>> 嗯显然在火星或月球上，你

1658
00:57:45,440 --> 00:57:47,520
没法运行汽油发动机，对吧？它

1659
00:57:47,520 --> 00:57:50,000
requires oxygen to work. So it has to be

1660
00:57:50,000 --> 00:57:53,000
电动的

1661
00:57:59,119 --> 00:58:01,200
需要太阳能，solar city，他们

1662
00:58:01,200 --> 00:58:03,280
收购的那个。一切都串起来了，而且

1663
00:58:03,280 --> 00:58:05,520
显然有了 AI，它会驾驶你

1664
00:58:05,520 --> 00:58:07,359
知道所有这些，还有现在获取

1665
00:58:07,359 --> 00:58:09,680
能源的途径，呃 Terrafab 建造

1666
00:58:09,680 --> 00:58:12,319
自己的芯片，是在打造一个大师级的

1667
00:58:12,319 --> 00:58:15,280
company that um he says himself is

1668
00:58:15,280 --> 00:58:17,440
probably going to be orders of magnitude

1669
00:58:17,440 --> 00:58:19,440
大好几个数量级，

1670
00:58:19,440 --> 00:58:21,440
因为它将是通往

1671
00:58:21,440 --> 00:58:23,760
太空的门户，而当太空被解锁时，你

1672
00:58:23,760 --> 00:58:26,160
have an entire new wave of companies and

1673
00:58:26,160 --> 00:58:27,839
机会在那里发生。所以

1674
00:58:27,839 --> 00:58:28,960
completely agree. Yeah,

1675
00:58:28,960 --> 00:58:32,000
>> very bullish. Um,
actually Elon actually

1676
00:58:32,000 --> 00:58:34,160
正在给美国每个孩子送一股 SpaceX 的股票。

1677
00:58:34,160 --> 00:58:35,440
你看到那个

1678
00:58:35,440 --> 00:58:36,079
announcement?

1679
00:58:36,079 --> 00:58:37,359
>> 不，我没看到那个。

1680
00:58:37,359 --> 00:58:41,839
>> 70 million shares
um share is about $150

1681
00:58:41,839 --> 00:58:43,839
就现在。然后呃他在把那，你

1682
00:58:43,839 --> 00:58:45,839
知道的，他们搞的那个Trump账户。

1683
00:58:45,839 --> 00:58:48,240
基本上是个类似的玩法，就是

1684
00:58:48,240 --> 00:58:50,640
给，你知道，一股，让

1685
00:58:50,640 --> 00:58:52,640
the American people participate in the

1686
00:58:52,640 --> 00:58:55,680
增长。而且呃显然

1687
00:58:55,680 --> 00:58:58,319
这是个好办法，能让，你知道，人们

1688
00:58:58,319 --> 00:59:00,880
to in probably put more money in the

1689
00:59:00,880 --> 00:59:02,480
对吧，咱们把这个所有权

1690
00:59:02,480 --> 00:59:04,480
从一股变成两股。所以很多

1691
00:59:04,480 --> 00:59:06,400
of people manage to complain about that

1692
00:59:06,400 --> 00:59:07,920
人们常做的那样，说这是

1693
00:59:07,920 --> 00:59:10,319
出于私利。我觉得这是个，我们

1694
00:59:10,319 --> 00:59:12,400
总是在谈怎么才能让

1695
00:59:12,400 --> 00:59:14,000
other people to participate in that

1696
00:59:14,000 --> 00:59:16,400
财富创造里。嗯所以我觉得这

1697
00:59:16,400 --> 00:59:17,680
是件了不起的事。

1698
00:59:17,680 --> 00:59:19,440
>> 这是个好玩的游戏。绿旗红旗

1699
00:59:19,440 --> 00:59:21,599
绿旗。你知道规矩的。呃，我

1700
00:59:21,599 --> 00:59:23,200
going to give you scenarios and you just

1701
00:59:23,200 --> 00:59:24,640
告诉我你怎么想。

1702
00:59:24,640 --> 00:59:25,040
>> 好。

1703
00:59:25,040 --> 00:59:27,280
>> 那么，第一个，

1704
00:59:27,280 --> 00:59:30,160
你在招人，有个候选人

1705
00:59:30,160 --> 00:59:34,440
在谈假期额度。

1706
00:59:34,960 --> 00:59:37,119
>> 这大概是红旗。呃对我来说我

1707
00:59:37,119 --> 00:59:39,280
觉得这永远是红旗。虽然

1708
00:59:39,280 --> 00:59:40,480
我现在越来越多看到

1709
00:59:40,480 --> 00:59:42,079
合同里有这种无限

1710
00:59:42,079 --> 00:59:44,720
假期政策，我觉得还行，如果

1711
00:59:44,720 --> 00:59:47,599
人们通过股权得到激励，

1712
00:59:47,599 --> 00:59:49,119
而且是那种

1713
00:59:49,119 --> 00:59:50,640
足够有创业精神、想要追求

1714
00:59:50,640 --> 00:59:51,680
大愿景的人。对吧。

1715
00:59:51,680 --> 00:59:53,520
>> 那是第二个。候选人

1716
00:59:53,520 --> 00:59:55,680
在谈股权额度

1717
00:59:55,680 --> 00:59:57,680
>> 百分之百。对。我觉得任何不

1718
00:59:57,680 --> 00:59:59,119
doing that part of the company.

1719
00:59:59,119 --> 01:00:00,640
>> 对。 Exactly。这不是正确的

1720
01:00:00,640 --> 01:00:02,319
做法。

1721
01:00:02,319 --> 01:00:04,799
>> 第三个。一个投资人说：“我们

1722
01:00:04,799 --> 01:00:08,000
夏天之后见个面吧。”

1723
01:00:08,000 --> 01:00:11,520
肯定有欧洲那边的什么原因。

1724
01:00:11,520 --> 01:00:13,760
>> Number four, an
entrepreneur you want to

1725
01:00:13,760 --> 01:00:16,960
有多个项目。

1726
01:00:16,960 --> 01:00:19,359
>> Musk has multiple projects. I think it

1727
01:00:19,359 --> 01:00:20,960
depends on that seed though.

1728
01:00:20,960 --> 01:00:22,720
>> It depends on the Yeah, true. Okay.

1729
01:00:22,720 --> 01:00:23,760
Depends on the quality of the

1730
01:00:23,760 --> 01:00:25,520
质量，对吧？嗯，还有那些

1731
01:00:25,520 --> 01:00:27,200
项目是什么？嗯，这个

1732
01:00:27,200 --> 01:00:28,400
>> the story doesn't say.

1733
01:00:28,400 --> 01:00:29,839
>> 我觉得这是个危险信号。我觉得，我是说

1734
01:00:29,839 --> 01:00:32,000
作为VC，我知道VC希望你能

1735
01:00:32,000 --> 01:00:33,520
all in, right? Because building a

1736
01:00:33,520 --> 01:00:35,119
company is hard enough as it is that if

1737
01:00:35,119 --> 01:00:37,119
有副业项目，你知道，

1738
01:00:37,119 --> 01:00:39,440
you you need to be 200% committed.

1739
01:00:39,440 --> 01:00:41,440
>> 我同意。好吧。戴上VC的帽子。危险信号。

1740
01:00:41,440 --> 01:00:43,440
>> 危险信号。创始团队没有

1741
01:00:43,440 --> 01:00:46,839
领域专业知识。

1742
01:00:48,079 --> 01:00:50,720
>> 我觉得还行。我觉得那没问题，

1743
01:00:50,720 --> 01:00:52,799
只要他们对

1744
01:00:52,799 --> 01:00:55,359
要解决的问题有非常

1745
01:00:55,359 --> 01:00:56,640
problem that they're trying to solve or

1746
01:00:56,640 --> 01:00:58,559
甚至对技术也是。有时候拥有

1747
01:00:58,559 --> 01:01:00,240
fresh perspective can bring something

1748
01:01:00,240 --> 01:01:01,839
totally outside of the box. Right. I

1749
01:01:01,839 --> 01:01:04,559
这么觉得。然后第五个，创始人在

1750
01:01:04,559 --> 01:01:09,359
种子轮之后还持有50%的股权。

1751
01:01:09,359 --> 01:01:11,920
这以前是个危险信号，但我觉得

1752
01:01:11,920 --> 01:01:13,839
随着融资轮次的规模

1753
01:01:13,839 --> 01:01:15,839
以及参与这些轮次的

1754
01:01:15,839 --> 01:01:17,680
and the type of investors that are going

1755
01:01:17,680 --> 01:01:19,839
常见了。所以，我会

1756
01:01:19,839 --> 01:01:21,359
说这以前是个危险信号，现在

1757
01:01:21,359 --> 01:01:22,319
是我可能

1758
01:01:22,319 --> 01:01:23,520
probably on the fence about.

1759
01:01:23,520 --> 01:01:26,079
>> 对。我猜如果你追求万亿

1760
01:01:26,079 --> 01:01:27,680
dollar outcome, you can leave with less

1761
01:01:27,680 --> 01:01:28,960
股权，对吧？这就是发生在

1762
01:01:28,960 --> 01:01:29,920
Entropic身上的事。

1763
01:01:29,920 --> 01:01:32,000
>> 对。

1764
01:01:32,000 --> 01:01:34,559
Number six, an investor asked for a

1765
01:01:34,559 --> 01:01:37,280
一个董事会席位。

1766
01:01:37,280 --> 01:01:39,599
>> 不行，危险信号。呃，这不是谁会

1767
01:01:39,599 --> 01:01:42,319
去做的事。董事会观察员还行，

1768
01:01:42,319 --> 01:01:43,680
但你根本不需要董事会，对吧？

1769
01:01:43,680 --> 01:01:45,119
There's there's there's too many things

1770
01:01:45,119 --> 01:01:48,319
就是你一个人坐在一个

1771
01:01:48,319 --> 01:01:49,920
着火的房间里想办法，

1772
01:01:49,920 --> 01:01:52,559
对吧？所以，呃，对，而且大多数

1773
01:01:52,559 --> 01:01:54,319
投资人在那个阶段不会带来什么

1774
01:01:54,319 --> 01:01:55,599
价值，对吧？有意思的是

1775
01:01:55,599 --> 01:01:57,680
往往是小投资人，

1776
01:01:57,680 --> 01:01:59,359
你知道，那个投5K因为你

1777
01:01:59,359 --> 01:02:01,119
让他进来的人，是最烦人的，

1778
01:02:01,119 --> 01:02:02,480
就是那些想要每天

1779
01:02:02,480 --> 01:02:03,040
更新的人。

1780
01:02:03,040 --> 01:02:04,400
>> Completely agree. Yeah. And the other

1781
01:02:04,400 --> 01:02:06,000
thing actually on that big red flag is

1782
01:02:06,000 --> 01:02:08,160
大多数会争取这个的投资人

1783
01:02:08,160 --> 01:02:10,240
之后还会为此收费。

1784
01:02:10,240 --> 01:02:12,240
呃，我发现了这一点，我以前

1785
01:02:12,240 --> 01:02:15,359
见过。那是不行的。

1786
01:02:15,359 --> 01:02:17,760
>> 第七个，联合创始人认识

1787
01:02:17,760 --> 01:02:20,720
each other for less than six months.

1788
01:02:20,720 --> 01:02:23,280
>> 我见过成功的。你也见过。这

1789
01:02:23,280 --> 01:02:25,040
在加速器里经常发生。

1790
01:02:25,040 --> 01:02:26,960
呃，我觉得这取决于他们在那6个月里

1791
01:02:26,960 --> 01:02:29,280
做了什么。我经常问创始人，

1792
01:02:29,280 --> 01:02:31,200
好吧，你上次争论是什么时候？

1793
01:02:31,200 --> 01:02:32,319
你上次闹翻是什么时候？对吧？你怎么

1794
01:02:32,319 --> 01:02:34,400
fell out? Right? How do you kind of

1795
01:02:34,400 --> 01:02:36,240
大多数人，如果他们对这件事

1796
01:02:36,240 --> 01:02:37,760
头脑冷静、理性，

1797
01:02:37,760 --> 01:02:39,520
而且他们谈过自己想

1798
01:02:39,520 --> 01:02:40,880
they've spoken about what they want to

1799
01:02:40,880 --> 01:02:42,640
没问题。他们对此没意见。

1800
01:02:42,640 --> 01:02:44,160
fine. They're okay with that.

1801
01:02:44,160 --> 01:02:45,839
>> 那么，这是绿灯还是红灯？

1802
01:02:45,839 --> 01:02:47,119
>> 我给绿灯。我把红灯

1803
01:02:47,119 --> 01:02:48,240
放上去了吗？对。

1804
01:02:48,240 --> 01:02:49,680
>> 我的错。

1805
01:02:49,680 --> 01:02:51,440
>> A startup's biggest client is the

1806
01:02:51,440 --> 01:02:53,440
政府。

1807
01:02:53,440 --> 01:02:56,000
If they're in the UAE, it's fine.

1808
01:02:56,000 --> 01:02:58,240
>> 种子轮创始人给自己发市场

1809
01:02:58,240 --> 01:03:00,799
水平的工资。

1810
01:03:00,799 --> 01:03:02,720
>> 这大概是，对。抱歉，我的错。我

1811
01:03:02,720 --> 01:03:04,160
在改口。这大概是个

1812
01:03:04,160 --> 01:03:04,559
红旗。

1813
01:03:04,559 --> 01:03:05,839
>> 我们说的是正常种子轮，不是

1814
01:03:05,839 --> 01:03:07,760
like, you know, a billion dollar seed.

1815
01:03:07,760 --> 01:03:09,440
>> 对。好。这个的问题在于

1816
01:03:09,440 --> 01:03:10,799
there's a lot of context, right? You

1817
01:03:10,799 --> 01:03:12,880
知道，如果你是单亲家长，你

1818
01:03:12,880 --> 01:03:14,799
have a mortgage and you have to provide,

1819
01:03:14,799 --> 01:03:16,480
我理解你为什么给自己发

1820
01:03:16,480 --> 01:03:17,680
你能发的工资。嗯，

1821
01:03:17,680 --> 01:03:19,039
>> does it make a difference for you as an

1822
01:03:19,039 --> 01:03:20,960
嗯，说到底，我希望创始人

1823
01:03:20,960 --> 01:03:22,480
专注于他们在做的事，对吧？

1824
01:03:22,480 --> 01:03:23,920
focused on what they're doing, right?

1825
01:03:23,920 --> 01:03:25,520
给自己发那份工资，那好吧，这

1826
01:03:25,520 --> 01:03:26,799
取决于他们说服我他们

1827
01:03:26,799 --> 01:03:28,079
应该融那么多钱。

1828
01:03:28,079 --> 01:03:29,599
should raise that amount of capital.

1829
01:03:29,599 --> 01:03:30,880
想要排他性呢？

1830
01:03:30,880 --> 01:03:35,559
>> 不，就是不行。这是个大红旗。

1831
01:03:36,079 --> 01:03:38,319
就像，这不会发生的。而且

1832
01:03:38,319 --> 01:03:40,079
Like, it's not going to happen. And

1833
01:03:40,079 --> 01:03:42,079
是那些知道自己已经赢下

1834
01:03:42,079 --> 01:03:43,520
交易的人，他们会跟你说，“好，

1835
01:03:43,520 --> 01:03:44,799
deal and they will say to you, "Okay,

1836
01:03:44,799 --> 01:03:46,480
you have a term sheet. Go and shop it

1837
01:03:46,480 --> 01:03:48,319
around and basically bring other

1838
01:03:48,319 --> 01:03:50,079
领投方不想在下一轮

1839
01:03:50,079 --> 01:03:51,920
跟投呢？

1840
01:03:51,920 --> 01:03:54,319
their praa in the next round?

1841
01:03:54,319 --> 01:03:56,079
>> 这是个危险信号。这事儿真挺棘手的

1842
01:03:56,079 --> 01:03:58,240
一个。对，这是个危险信号。嗯，而且

1843
01:03:58,240 --> 01:04:00,160
所以我觉得现在比以往任何时候都重要

1844
01:04:00,160 --> 01:04:02,240
than ever that founders are asking

1845
01:04:02,240 --> 01:04:04,240
投资人在他们基金的哪个周期阶段。嗯，我也觉得我

1846
01:04:04,240 --> 01:04:06,720
cycles. Um, and I also think I was

1847
01:04:06,720 --> 01:04:08,960
谁了，但一个非常好的朋友

1848
01:04:08,960 --> 01:04:10,400
最近聊过，他在美国有一只很大的基金

1849
01:04:10,400 --> 01:04:12,720
recently who has a massive fund in the

1850
01:04:12,720 --> 01:04:15,039
管理人因为AI获得了疯狂的报道

1851
01:04:15,039 --> 01:04:17,440
managers now who have had crazy writeups

1852
01:04:17,440 --> 01:04:19,520
because of AI believe that they're very

1853
01:04:19,520 --> 01:04:21,119
在募大笔的基金，他觉得这有点

1854
01:04:21,119 --> 01:04:22,640
像纸牌屋，迟早

1855
01:04:22,640 --> 01:04:24,559
会塌下来，你知道作为

1856
01:04:24,559 --> 01:04:25,680
一个我觉得他们是在基金

1857
01:04:25,680 --> 01:04:27,440
to come crashing down and you know as

1858
01:04:27,440 --> 01:04:29,119
听他的，然后说这

1859
01:04:29,119 --> 01:04:32,319
大概是对的。所以是啊，又是个

1860
01:04:32,319 --> 01:04:33,599
棘手的事儿。

1861
01:04:33,599 --> 01:04:35,839
>> 好了，游戏环节结束了。

1862
01:04:35,839 --> 01:04:36,319
>> 那好，非常感谢你们

1863
01:04:36,319 --> 01:04:38,160
收看《Founding Mina Show》第二期。

1864
01:04:38,160 --> 01:04:39,520
你可以在YouTube、Instagram、TikTok

1865
01:04:39,520 --> 01:04:41,200
X上找到我们，基本上所有平台

1866
01:04:41,200 --> 01:04:42,880
都会上线。

1867
01:04:42,880 --> 01:04:44,880
>> 对，我们有片段要发。我们

1868
01:04:44,880 --> 01:04:47,520
什么都会陆续出来。所以如果你喜欢

1869
01:04:47,520 --> 01:04:48,000
这期节目，请嗯在所有

1870
01:04:48,000 --> 01:04:49,359
>> Yeah, we have the clips coming. We have

1871
01:04:49,359 --> 01:04:51,039
收看，我们下周见

1872
01:04:51,039 --> 01:04:53,760
更多Mina科技新闻。

1873
01:04:53,760 --> 01:04:55,119
>> 下周见。

1874
01:04:55,119 --> 01:04:56,559
much for joining and we will see you

1875
01:04:56,559 --> 01:04:58,880
next week for more Mina Tech news.

1876
01:04:58,880 --> 01:05:02,359
>> See you next week.