Meta's scorched earth approach to AI, Tesla's future, TikTok bill, FTC bans noncompetes, wealth tax

2046.945 - 2068.702 Chamath Palihapitiya

And all of a sudden, you're totally resilient and independent of the utilities. And we help change the laws so that every time you have excess energy, you can put it back into the grid and get paid, which is called net metering. So if you have 100 million of these mini utilities competing against 1700 incumbents that are forced to make huge investments and are mispriced,