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We Study Billionaires - The Investor’s Podcast Network

TIP575: The Future of AI w/ Bob Muglia

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 8 September 2023

⏱️ 69 minutes

🧾️ Download transcript

Summary

Clay Finck is joined by Bob Muglia to discuss the AI boom, Bob’s experience working with Bill Gates, and how he helped lead Snowflake from $0 to $200 million in revenue during his tenure as CEO.


Bob Muglia is a prominent technology executive known for his influential roles at Microsoft, including Senior Vice President of the Server & Tools Division, and is also the former CEO of Snowflake, a leading cloud data warehousing company. Bob helped lead Snowflake to go from zero to a $200 million business. Today, he remains a key figure in the tech industry, contributing his expertise in various leadership and advisory positions.


IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:11 - How Bob first got immersed in the technology industry.

05:58 - Bob’s lessons from working with Bill Gates and Steve Balmer.

10:34 - When he realized that data was going to be one of a company’s most valuable assets.

12:40 - What differentiates Snowflake from their competitors in the data warehouse space.

25:25 - Bob’s view of the competitive landscape in the data warehouse industry.

30:13 - Whether Bob was surprised that Berkshire Hathaway bought into the Snowflake IPO.

31:31 - What The Arc of Data Innovation is.

37:09 - When Bob foresees Artificial General Intelligence to become a reality.

39:06 - What industries Bob sees AI impacting the most.

46:16 - What the end game is for AI and where technology is heading.

49:44 - Isaac Asimov’s role in the governance of technological innovation.

54:09 - If regulators are taking appropriate actions to safeguard against the potential downsides of AI.

55:39 - What Bob looks for when investing in technology companies.

62:48 - Why technology in many cases won’t replace people and their jobs.

67:44 - What the future of online search will look like.


Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.


BOOKS AND RESOURCES


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Transcript

Click on a timestamp to play from that location

0:00.0

On today's show, I'm joined by Bob Muglia.

0:05.5

Bob spent 23 years working with Microsoft, and he held a number of executive positions

0:10.4

with the company, the last of which being his role as the president of the server and

0:14.6

tool business unit prior to resigning in 2011.

0:18.1

In 2014, Bob became the CEO of Snowflake, and he helped lead the company from zero to

0:23.7

$200 million in revenue before parting ways in 2019.

0:27.7

Bob recently released a book called The Data Pronures, which explores how technology

0:32.2

got to where it is today, and where he foresees technology and AI going in the future.

0:37.6

This episode touches on a lot of interesting topics, such as Bob's lessons from working

0:41.9

with Bill Gates and Steve Balmer, what differentiates Snowflake from their competitors in the data

0:47.0

warehouse space, whether Bob was surprised that Berkshire Hathaway invested into Snowflake's

0:52.1

IPO, what the arc of data innovation is, when Bob foresees artificial general intelligence

0:58.1

becoming a reality, what industries he sees AI impacting the most, what he looks for

1:03.3

when investing in technology companies, what the future of online search may be, and so

1:08.7

much more.

1:09.7

Without further ado, here is my chat with Bob Muglia.

1:13.9

You are listening to The Investors Podcast, where we study the financial markets and read

1:22.1

the books that influence self-made billionaires the most.

1:25.3

We keep you informed and prepared for the unexpected.

1:37.0

Welcome to The Investors Podcast.

1:38.5

I'm your host, Clay Fink, and today it is such an honor to be joined by Bob Muglia.

1:43.9

Bob, welcome to the show.

...

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