#96 – Stephen Schwarzman: Going Big in Business, Investing, and AI
May 15, 2020
1 hr 10 min
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Episode 96 · May 15, 2020
#96 – Stephen Schwarzman: Going Big in Business, Investing, and AI
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Manolis Kellis Episodes Around May 15, 2020
Episode 95 of 498 — walk the feed in the order it was published.
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#96 – Stephen Schwarzman: Going Big in Business, Investing, and AI
Summary
<p>Stephen Schwarzman is the CEO and Co-Founder of Blackstone, one of the world’s leading investment firms with over 530 billion dollars of assets under management. He is one of the most successful business leaders in history, all from humble beginnings back in Philly. I recommend his recent book called What It Takes that tells stories and lessons from this personal journey.</p>
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<p>EPISODE LINKS:<br />
What It Takes (book): <a href="https://amzn.to/2WX9cZu">https://amzn.to/2WX9cZu</a></p>
<p><span style="font-weight: 400;">This conversation is part of the Artificial Intelligence podcast.</span> If you would like to get more information about this podcast go to <a href="https://lexfridman.com/ai">https://lexfridman.com/ai</a> or connect with @lexfridman on <a href="https://twitter.com/lexfridman">Twitter</a>, <a href="https://www.linkedin.com/in/lexfridman/">LinkedIn</a>, <a href="https://www.facebook.com/lexfridman">Facebook</a>, <a href="https://medium.com/@lexfridman">Medium</a>, or <a href="https://www.youtube.com/lexfridman">YouTube</a> where you can watch the video versions of these conversations. If you enjoy the podcast, please rate it 5 stars on <a href="https://podcasts.apple.com/us/podcast/artificial-intelligence/id1434243584">Apple Podcasts</a>, follow on <a href="https://open.spotify.com/show/2MAi0BvDc6GTFvKFPXnkCL">Spotify</a>, or support it on <a href="https://www.patreon.com/lexfridman">Patreon</a>.</p>
<p>Here’s the outline of the episode. On some podcast players you should be able to click the timestamp to jump to that time.</p>
<p>OUTLINE:<br />
00:00 – Introduction<br />
04:17 – Going big in business<br />
07:34 – How to recognize an opportunity<br />
16:00 – Solving problems that people have<br />
25:26 – Philanthropy<br />
32:51 – Hope for the new College of Computing at MIT<br />
37:32 – Unintended consequences of technological innovation<br />
42:24 – Education systems in China and United States<br />
50:22 – American AI Initiative<br />
59:53 – Starting a business is a rough ride<br />
1:04:26 – Love and family</p>